Intraday Tips for Today (18th August)
13 per cent of ICICI Bank, ICICI Lombard sell to private equity firms. The deal is expected to be completed by the end of this month. The ICICI Lombard IPO is also possible in 2-3 weeks.
SBI / PNB / Bank of Baroda
The government is worried about the falling health of the power sector. According to Chief Economic Advisor Arvind Subramanian, the pressure on the banks has increased due to the power sector. There is pressure on the power companies with excess capacity. Arvind Subramanian also said that the subsidy given to the Renewable Energy Sector is also worrisome.
The reasons behind the demise of former Tamil Nadu Chief Minister J. Jayalalitha will be examined. Jay Jayalalitha was killed after staying in Apollo Hospital for several days. J Jayalalitha’s demise will constitute a commission for the judicial inquiry.
SEBI has asked MCX to submit audit report in front of the board. Many executives of the exchange have questioned the methods of work. Exchange officials have questioned many investment decisions.
PFC’s NPA has increased from 3.34 percent to 12.46 percent. PFC says that NPAs have increased due to the restructuring of companies’ debt.