Free Intraday Tips for Today (29th September : Friday)
PNGRB has issued a Consultation Paper on Unified Tariff. In fact, all the interconnected pipelines in GAIL have the same tariff. If Gayle’s proposal was to be believed, then in the year 2018, income will increase 48 percent.
Karnataka Chief Minister Siddaramaiah has written a letter to Prime Minister Narendra Modi. The Karnataka government is in opposition to privatization of BEML. The Chief Minister of Karnataka has asked the central government to review the decision to sell the stake in BEML.
Loan restructuring of HCC subsidiary Lavasa Corp has got approval. The lender Joint Lenders Forum has taken this decision. Some part of the debt will be converted into equity. Also financial and strategic investors will also put new capital Apart from this, there will also be restructuring of loans in Lavasa subsidiaries.
The company’s share is ready for buyback and the decision is possible in the board meeting on October 6.
The company admitted that second quarter could be weak. Due to GST, there is a possibility of an impact on sales. There is a possibility of not being particularly good in festivals.