Tyre manufacturer CEAT ascended 2.23% to Rs 169.75 on reports that it is ready to transfer its Mumbai plant to Patalganga near Thane to save on duty and costs.
The small-cap security touched an intraday high of Rs 178 and an intraday low of Rs 169.15 during the day. On BSE, there were 74,393 shares for trading on the counter.
Ganesh Shanbhag, SMS Financial Services is of the view that investors should go for ACC to Mysore Cements at existing level.
Shanbhag told, “There has been a turnaround in Mysore Cements. We also know that Heidelberg has picked up a stake in this company also and I am sure going forward, it will show positive results but the equity-turnover ratio here is quite skewed. For this company to really ramp up their turnover and then show a bottomline might take at least two years from hereon.”
Mumbai: Delhi-based Vishal Retail is ready to invest Rs 200 crore to establish 40 additional stores largely in northern India.
Vishal Retail Managing Director Ramchandra Aggarwal stated, “In addition to 53 stores that we have at the moment across 41 cities, we want to put up 40 more in the current fiscal year entailing Rs 200 crore investments.”
Today the equity shares of Kolkata-based integrated infrastructure player Simplex Projects were listed at Rs 323.75 or 75% premium to its issue price of Rs 185 on the BSE.
During the day, the scrip touched an intraday high of 323.75 and low of 266.70. Lastly, the company’s shares closed at Rs 272.05, an increase of 47%.
There were 6,719.672 shares for trading on the BSE counter.
Tyre manufacturer CEAT ascended 2.23% to Rs 169.75 on reports that it is ready to transfer its Mumbai plant to Patalganga near Thane to save on duty and costs. 
SMS Financial Services is of the view that investors should go for ACC to Mysore Cements at existing level.
After opening with a positive gap of 135 points at 15,038, the BSE Sensex soon reached to a high of 15,142. 
a cut in interest rates on one-two year deposits to 8% from 8
