Free Stock Tips for Today (12th September: Tuesday)
Contract for merger of Thaisenkrupap AG and Tata Steel is possible. Merger of Tata Steel in European steel business of Thaisenkrupp is possible. By this month, the board meeting can get green signal.
Cochin Shipyard’s profit in the first quarter of fiscal year 2018 has increased by 13.7 percent to Rs 91 crore. Cochin Shipyard’s profit in the first quarter of fiscal year 2017 was Rs 80 crores.
In the first quarter of fiscal year 2018, the income of Cochin Shipyard has increased 32.8% to Rs 595 crore. Cochin Shipyard’s earnings in the first quarter of fiscal year 2017 was Rs 448 crores.
Equity Intelligence India bought 3.21 lakh shares of Liberty Shoes at a price of Rs 235.48 per share.
Equity Intelligence India bought 10 lakh shares of Tata Coffee at a price of Rs 150 per share.
Board approval for sale of 3.36 crore shares through QIP. Many promoter companies are selling shares from QIP. In fact, promoters have to reduce their share to 75 percent. Rs 4097 crore can be raised from QIP.
Century Textile / Grasim
Grasim’s board has not considered Centurion’s merger.