Market Buzz, Gossips

rajeshn2007

Well-Known Member
#1
Let us discuss market buzz, movers and shakers, buzzing stocks, manipulation, insights.
 
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rajeshn2007

Well-Known Member
#2
Reliance is looking for a big acquisition. Recently they have sold more than 1 cr treasury shares, amounting to 2800cr.
 

rajeshn2007

Well-Known Member
#3
Fertilizer stocks are back in action. Monsoon fears abating, these underperformed sector can be looked into.
 

rajeshn2007

Well-Known Member
#4
BUZZ about the sale of IDBI Housing Finance is once again doing the rounds. Talk is that the government may soon give the go-ahead to IDBI Bank to revive the sale process of its housing finance arm. It is rumoured that Dewan Housing, which emerged as the highest bidder, is likely to get the company. The Dewan Housing counter has been seeing some action in recent weeks. Top operator Old Fox is rumoured to have quietly built up a position in the stock over the past few weeks in anticipation of this development. Simultaneously, he is said to have diluted his stake in a state-owned mortgage major.
 

rajeshn2007

Well-Known Member
#6
It is rumoured that Dewan Housing, which emerged as the highest bidder, is likely to get the company. The Dewan Housing counter has been seeing some action in recent weeks. Top operator Old Fox is rumoured to have quietly built up a position in the stock over the past few weeks in anticipation of this development.
Dewan up 20% today
 

sudoku1

Well-Known Member
#7
a team of 125 IT sleuts raided 4 co's in ahmed'bad last week...2 of them r listed one's...
RADHE DEV
>RAINBOW PAPERS
 

rajeshn2007

Well-Known Member
#8
AN interesting tug of war is playing out between a section of local market operators and FIIs. This has happened quite a few times in the past few months, with disastrous consequences for localites.

Quite a few domestic traders are said to have initiated short positions last week, but had to cover them up in hurry after the IIP data for August turned out to be much better than expected. Fund managers and brokers say there is too much liquidity and too much caution in the system, which is the perfect cocktail for stocks to hit a new high.
 

rajeshn2007

Well-Known Member
#9
BROKERS and investors having positions in Orissa Mineral Development Company (OMDC) are waiting to trade on the shares when the company gets relisted on the Calcutta Stock Exchange this Saturday — the day of Muhurat trading. OMDC, which is making a comeback to the exchange after 25 years, could witness volatility as several investors would want to exit the company after having been locked in since 1984.

Market buzz is that the stock could close higher, as institutions would buy OMDC on “improved fundamentals”, which also include strong year-on-year growth. CSE has removed the circuit filter on the first day on OMDC for the price discovery of the stock. The stock is currently quoted at Rs 20,000 per share in the grey market.
 

rajeshn2007

Well-Known Member
#10
BROKERS and investors having positions in Orissa Mineral Development Company (OMDC) are waiting to trade on the shares when the company gets relisted on the Calcutta Stock Exchange this Saturday — the day of Muhurat trading. OMDC, which is making a comeback to the exchange after 25 years, could witness volatility as several investors would want to exit the company after having been locked in since 1984.

Market buzz is that the stock could close higher, as institutions would buy OMDC on “improved fundamentals”, which also include strong year-on-year growth. CSE has removed the circuit filter on the first day on OMDC for the price discovery of the stock. The stock is currently quoted at Rs 20,000 per share in the grey market.
listed at 26000 y'day, the long-time waiting investors must be a relieved lot !
 

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