HDFC plans to raise 2.5 billion rupees through bonds at an interest rate of 8.5% which caused its share price to increase. The share price of ITC and Hindustan Unilever also increased after ITC raised cigarette prices and Unilever increased its stake in Hindustan Unilever. Bajaj Auto's June vehicle sales declined 14% due to a strike at its plant causing a production loss of 20,000 motorcycles for the month.
HDFC plans to raise 2.5 billion rupees through bonds at an interest rate of 8.5% which caused its share price to increase. The share price of ITC and Hindustan Unilever also increased after ITC raised cigarette prices and Unilever increased its stake in Hindustan Unilever. Bajaj Auto's June vehicle sales declined 14% due to a strike at its plant causing a production loss of 20,000 motorcycles for the month.
HDFC plans to raise 2.5 billion rupees through bonds at an interest rate of 8.5% which caused its share price to increase. The share price of ITC and Hindustan Unilever also increased after ITC raised cigarette prices and Unilever increased its stake in Hindustan Unilever. Bajaj Auto's June vehicle sales declined 14% due to a strike at its plant causing a production loss of 20,000 motorcycles for the month.
Housing Development Finance Corp (HDFC), India's biggest mortgage lender, is planning to raise at least 2.5 billion rupees ($43.26 million) through 1-year 2-day bonds at 8.50 percent. Because of this 1 st the share price went up to 840 from 760 and also in the next week on 26 th june company released its quarter result due to which the share price went up to 880. Tue Jun 18, 2013 1:16pm IST
2) REFILE-Indian shares gain for 2nd day; indexes above 200-day moving average Indian shares rose for a second consecutive session on Friday as ITC gained after raising prices for one of its cigarette brands, while Hindustan Unilever advanced to a record high after parent company Unilever increased its stake in the Indian unit. ITC Ltd provisionally rose 1.2 percent, while Hindustan Unilever Ltd ended up 1.3 percent after earlier hitting its all-time high of 632 rupees. The BSE index provisionally gained 0.38 percent, while the 50-share NSE index rose 0.53 percent. Both indexes closed above their respective 200 day moving averages for a second day Fri Jul 5, 2013 3:52pm IST
3) Indian shares rise more than 1 pct; ITC, Tata Motors gain Indian shares rose more than 1 percent on Thursday, recovering from two sessions of falls, as ITC surged following reports about a price hike for one of its cigarette brands, while blue chips such as Tata recovered from previous declines.
ITC Ltd provisionally rose 3.9 percent, while Tata Motors Ltd rose 3.1 percent. The BSE index provisionally gained 1.25 percent, while the 50-share NSE index ended up 1.14 percent. Thu Jul 4, 2013 3:38pm IST
4) RBI rate cut hopes aid HDFC Bank rose 3.7 percent and ICICI Bank (ICBK.NS) gained 2.3 percent. Tata Motors Ltd (TAMO.NS) gained 1 percent after unit Jaguar Land Rover Ltd's China chief said it aims to increase its sales by 20-30 percent this year in China, its biggest market. Shares in Maruti Suzuki Ltd (MRTI.NS) rose 1 percent on hopes a weaker yen would help improve margins by reducing the costs of importing auto parts from Japan. Titan Industries Ltd (TITN.NS) rose 5.5 percent after gold jumped more than 2 percent on Monday after a rebound above $1,400 ignited technical buying. Reliance Communications Ltd (RLCM.NS) shares rose 13.5 percent, to mark their highest close since March 14, after the company said in a statement on Saturday that Samena Capital, along with certain other PE funds, is doing due diligence in relation to the acquisition of unit Reliance Globalcom Ltd. However, among stocks that fell, shares in Wipro Ltd (WIPR.NS) were down 8 percent after India's third-largest software services provider gave a weaker-than- expected quarterly sales forecast on Friday. UltraTech Cement Ltd (ULTC.NS) fell 2.9 percent on expectations that it may lag January-March consensus earnings forecast, dealers said.
5) Bajaj Auto June sales down 14 percent, plant strike hits production MUMBAI | Tue Jul 2, 2013 10:04am IST (Reuters) - Bajaj Auto (BAJA.NS) says 295,749 vehicles sold in June, down 14 percent. The company said a strike at its Chakan plant in Maharashtra had caused a production loss of about 20,000 motorcycles for the month. Bajaj Auto is the world's largest motorised three-wheeled rickshaw maker. As of 9:53 a.m., the stock was down 0.2 percent.
Fri Feb 1, 2013 12:36pm IST
6) Bharat Heavy Electricals Ltd, sending its shares down more than 4 percent. India's power sector has been badly hit by shortages of coal and gas supplies, delays in environmental approvals for power and mining projects and drying up of funding -- severely is denting the demand for equipment. Net profit at the state-run company fell to 11.82 billion rupees ($222 million) in the quarter ended Dec. 31 from 14.33 billion rupees in the year-ago quarter. Analysts, on average, had expected a net profit of 13.84 billion rupees. BHEL's order book stood at 1.14 trillion rupees, down from about 1.22 trillion rupees at the end of September. At 0703 GMT, shares of BHEL were down 3.7 percent, while the broader market was down marginally. ($1 = 53.1900 Indian rupees) Bharat Heavy Electricals Ltd 30 JUNE 2013