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
