Trending F&O Stocks

what is the condition for FNO ban ?
Too much open interest basically. Here's from the nse website.

https://www.nseindia.com/products/content/derivatives/equities/sec_ban.htm

The derivative contracts in the below mentioned security has crossed 95% of the market-wide position limit and are currently in the ban period. It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action in accordance with the Circular No. NSCC/F&O/C&S/365 dated August 26, 2004.
 

TraderRavi

low risk profile
Just Dial surges over 10% on heavy volumes

January 5, 2017

Just Dial has surged 14% to Rs 391 on the BSE, its sharpest intra-day gain in past 10 months, on back of heavy volumes. Earlier, on March 4, 2016, the stock rallied 16% during intra-day trade.

At 11:50 am; the stock was up 13% at Rs 388 as compared to 0.85% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 5.55 million shares changing hands on the BSE and NSE so far.

Just Dial has called a Court convened meeting on Tuesday, January 17, 2017 to consider and approve the demerger and transfer of the data & information division of Just Dial Global Private Limited (JDGPL) to Just Dial, on a going concern basis.

The board on August 16, 2016 had already approved a draft scheme of arrangement between Just Dial and JDGPL for demerger of data and information undertaking of JDGPL into the company.

The proposed demerger would enable Just Dial’s Search Business to effectively utilize the operational, financial, personnel and management bandwidth of the demerged undertaking and derive operating and financial synergies, the company said in a statement.

The stock hit a 52-week low of Rs 318 on December 27, 2016, fallen 65% from its 52-week high of Rs 903 touched on April 4, last year. The stock hit a record high of Rs 1,895 on August 2014.

Just Dial had reported 27% year on year drop in its standalone net profit at Rs 30 crore for the second quarter ended September 30, 2016.

http://www.business-standard.com/ar...-over-10-on-heavy-volumes-117010500331_1.html
 

TraderRavi

low risk profile
BEML surges 20% as government clears 26% strategic sale

BEML has surged 20% to Rs 1,189 on the BSE in intra-day after the company said the Cabinet has given an ‘in-principle’ approval for strategic disinvestment of 26% equity shares in BEML out of the government’s shareholding of 54.03%.

“The Government of India, Ministry of Defence, has communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26% equity shares in BEML Limited out of Government of India shareholding of 54.03%,” BEML said on Friday after market hours.

The said shareholding would be sold to the strategic buyer/s to be identified by the Government of India by following due procedure, it added.

After the strategic sale, the government stake in the public sector undertaking would come down to 28.03%.
BEML operates on three major business verticals for associated equipment manufacturing - mining and construction, rail and Metro, and defence and aerospace.

http://www.business-standard.com/ar...-clears-26-strategic-sale-117010900147_1.html
 

TraderRavi

low risk profile
Jaguar Land Rover sells record 583,313 cars in 2016

Britain's biggest carmaker Jaguar Land Rover (JLR) (TAMO.NS) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.

Sales were up 20 percent from the previous year, although sales growth slowed to 12 percent year-on-year in December, the carmaker said.

The automaker, which spent years in the doldrums before being bought by India's Tata in 2008, has since invested heavily in new models and expanded production with plants in China and Brazil and construction of a new site in Slovakia under way.

Sales of luxury Jaguar models rose 77 percent to 148,730 units in 2016 due to strong demand for a range of new high-end products including the F-PACE, the brand's first off-roader which was launched last year.

http://www.reuters.com/article/us-jaguarlandrover-results-idUSKBN14T0GM
 

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