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Thursday, 31 March 2016

Mid-Day stock watch on March 30

Hours since the markets opened today, after a careful observation of stock movements and analysis, we find these below mentioned five stocks worth watching during the rest half of the day.

a) Healthcare Global Enterprises: Healthcare Global Enterprises made a debut in the markets at a price lower than the issue price. The stock listed at Rs 210.20 on bourses; while it had an issue price of Rs 218. The share price dropped 19.52 per cent in early trade and touched the day's low at Rs 175.45.

b) Nitco Tiles: The government has imposed anti-dumping duty on vitrified tiles for six months. The duty is USD 1.37 per square meter on all vitrified tiles from China. The companies such as Nitco Tiles, Cera Sanityware and Kajaria Ceramics will be in focus.

c) Tata Steel: Tata Steel is considering the sale of its entire UK business in order to curtail heavy losses. The company is going to move forward the decade long unsuccessful business in UK. The stock will be in focus throughout the rest of the day.

d) Gail (India): Gail India started drilling the first exploratory well as an operator, in its NELP-IX block in Cambay basin at Anand district, Gujarat. The company is a lead operator of the block with 25 per cent participating interest in it. The share price will be in the limelight for the day.

e) State Bank of India: Vijay Mallya has submitted a Rs 4000 crore repayment plan, to be concluded by September 2016. The major lender State Bank of India has debt exposure of about Rs 2000 crore towards Kingfisher Airlines owned by Vijay Mallya. The bank will be in focus for the rest of the trading session.

Resource : http://www.dsij.in/article-details/articleid/13844/mid-day-stock-watch-on-march-30.aspx

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