Company Updates

Buy Neyveli Lignite on every fall in Price - Anil Manghnani

Neyveli Lignite CorporationAnil Manghnani is bullish on Neyveli Lignite and is of the view that investors should accumulate the stock at any fall.

"Neyveli is still interesting; every fall you would see this sharp bounces because of the stock actually broken out on the longer term came after a long time. In this move it is Rs 81 is important if it crosses Rs 81 that’s a trading target then you could rally back to Rs 87, which is a recent top at Rs 93. But again if it comes down, back closer to Rs 70 and Rs 66 levels definitely accumulate the stock at any fall,” Mr. Manghnani stated.

Vishal Retail To Invest Rs 200 Cr For 40 Stores In Northern India

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.”

McDonald’s Agrees To Sell Boston Market Chain To Sun Capital

McDonald'sMacdonald’s is all set to sell its Boston market chain to private firm for an undisclose

High On Fuel, Tata Steel Rolls Down

Tata SteelShares of India's top private steel maker, Tata Steel had recovered from an early 3.3% decrease and was down just 0.71% to Rs 647.90 at 15:01 IST after it signed up an agreement with Australian firm Riversdale to get hold of a 35% stake in its Mozambique coal project.

On Bombay Stock Exchange, 5.11 lakh shares of the scrip were traded on the counter today. In the last three months, the average daily volume of the scrip stood at 8.98 lakh shares.

Wipro Acquires US Outsourcer Infocrossing For USD 600 Mn

Wipro TechnologiesWipro Technologies signed up a definitive agreement to takeover the Nasdaq-l

Apollo Initiates Massive Expansion Plan

Apollo HospitalsChennai: Apollo Hospitals has chartered out a massive expansion plan with multi-location hospitals in Mumbai and plans to set up a full-fledged orthopaedic hospital in Chennai soon, a top official of the company said yesterday.

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