Shree Ram EPC, Coal India, Rico Auto, Edelweiss, Greaves Cotton, Igarshi Motors Stock News and Intraday Calls

Shree Ram EPC will convert the debt of 1280 crore rupees into equity. It will issue the the preferential share of 265 crore to the holding company SVL. This good news made a big positive impact to the stock of Shree Ram EPC and the company stock is currently trading with the hike of 11.37%. Coal India has got approval from the board the buy back the company's shares. The Government has approved the buy back of 25% of the capital, through which the Government will raise 3000-3500 crore rupees. The foundation of Bhiwadi Plant of Rico Auto has been laid today and the commercial production will be be start from 2017. Rico Auto have gained 5.59% in the morning session. Edelweiss has got IRDA approval for the general insurance companies. Edelweiss stock jumped by 3% after this announcement. Greaves Cotton has entered into a multi-brand spare business. The company will manufacture spare parts of 3-wheeler. Igarshi Motors will sell the 10.35% stakes through OFS and the floor price will be 650 rupees per share.

Buy Shree Ram EPC above: 28.44 Targets: 28.54 --- 28.65 --- 28.76 Stoploss : 28.33

Sell Coal India below: 315.06 Targets: 310.80 --- 306.40 --- 302.04 Stoploss : 319.52

Buy Rico Auto above: 44.31 Targets: 44.42 --- 44.56 --- 44.70  Stoploss : 44.17

Buy Edelweiss above: 80.81 Targets: 80.96 --- 81.15 --- 81.33  Stoploss : 80.63

Buy Greaves Cotton above: 144.00 Targets: 146.94 --- 149.99 --- 153.06  Stoploss : 141.02

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Thursday Market Closing Updates

It was a tough day for Indian Stock Market, both Sensex and Nifty ended up in negative zone with major losses. In today's trading session, Sensex has received the loss of 215.21 points and went down to 24685.42, whether Nifty has received the loss of 67.90 points and ended up at 7546.45. Among all the BSE Sectors only Oil & Gas, Healthcare and PSU have gained positive leads. After receiving the hike of 4.7%, BHEL became the top gainer today and followed by Coal India and Lupin. With the loss of 3.91% Tata Power is the top loser today.
In Asian Market, Nikkei hiked up by 34.48 points and went up to 15749.84. Hang Seng received the gaining of 59.38 points and jumped up to 20266.05. Other Asian Indexes like Straight Times and KOSPI is in positive zone with minor hikes, Whether Taiwan Index and Shanghai Composite have respectively dropped by 23.05 and 41.08 points.

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Indian Equity Market with Reliance Infra, Coal India and V Mart Retail News

Reliance Defense the subsidiary of Reliance Infrastructure is making an agreement to build four frigates in 30000 crore rupees with Russian company USC (United Shipbuilding Corporation). RELINFRA is currently leading by 1.94% with the major possibilities to jump high in Indian Equity Market.
Coal India agreed to buy 2000 coal from Railway wagons in 500 crore rupees. Expecting big movements in Coal India.
In V Mart Retail, RBI has increased the upper limit of FII investment by 49%. V Mart Retail is live at 562.50 and moving up with the hike of 15.01%.

Expert Recommend to Buy RELINFRA with the target of 476.28 and Buy V Mart Retail with the target of 575.71. 

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