Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Bajaj Finance has become a shorting candidate. It may even gap down on Wednesday. Profit down 19% YOY due to higher provisions despite NII being higher by 38%YOY.
But as per Moneycontrol, Kotak Institutional securities predicted a double digit profit growth.
https://www.moneycontrol.com/news/b...uble-digit-growth-in-q4-earnings-5283771.html
That downfall could be further aided by International Markets:
Wall Street in the red. FTSE and CAC ended in red. Dax marginally green. (0.15%)
But as per Moneycontrol, Kotak Institutional securities predicted a double digit profit growth.
https://www.moneycontrol.com/news/b...uble-digit-growth-in-q4-earnings-5283771.html
That downfall could be further aided by International Markets:
Wall Street in the red. FTSE and CAC ended in red. Dax marginally green. (0.15%)
Last edited:
This company under investigation for stock manipulation
Stocks rally falters as doubts mount over coronavirus vaccine
https://www.ft.com/content/300c1ff1-62dc-44b0-a1b4-23b005be0dc4
A rally in global stocks lost momentum as investor optimism over a potential coronavirus vaccine faded.
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Reliance Industries to use 3/4th of the rights issue to repay debt
Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document. The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.
Out of these, Rs 39,755.08 crore would go towards "repayment/ prepayment of all or a portion of certain borrowings availed by company," it said.
The remaining Rs 13,281.05 crore would be used for general corporate purposes.
One share will be offered for every 15 shares held at Rs 1,257.
Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in May 2021 and the balance 50 per cent has to be paid in November 2021, the company said.
"On Application, investors will have to pay Rs 314.25 per rights equity share, which constitutes 25 per cent of the issue price and the balance Rs 942.75 per rights equity share which constitutes 75 per cent of the issue price, will have to be paid, on one or more subsequent call(s)," it said.
In May 2021, they will have to pay Rs 314.25, and balance Rs 628.50 is to be paid in November 2021.
https://www.moneycontrol.com/news/b...f-the-rights-issue-to-repay-debt-5288531.html
Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document. The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.
Out of these, Rs 39,755.08 crore would go towards "repayment/ prepayment of all or a portion of certain borrowings availed by company," it said.
The remaining Rs 13,281.05 crore would be used for general corporate purposes.
One share will be offered for every 15 shares held at Rs 1,257.
Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in May 2021 and the balance 50 per cent has to be paid in November 2021, the company said.
"On Application, investors will have to pay Rs 314.25 per rights equity share, which constitutes 25 per cent of the issue price and the balance Rs 942.75 per rights equity share which constitutes 75 per cent of the issue price, will have to be paid, on one or more subsequent call(s)," it said.
In May 2021, they will have to pay Rs 314.25, and balance Rs 628.50 is to be paid in November 2021.
https://www.moneycontrol.com/news/b...f-the-rights-issue-to-repay-debt-5288531.html
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