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Ways2Capital Reviews : D-Mart Touches Record Rs1 lakh Crore Market Cap

Ways2Capital Reviews : D-Mart Touches Record Rs1 lakh Crore Market Cap

Avenue Supermarts (D-Mart) was up by about 2% to a record high of Rs1,619 on BSE today. With this surge in the company’s stock price, it crossed Rs1 lakh cr in market capitalization for the first time ever. Currently, it is the biggest retail company in India by market capitalization.

Recently, on May 24, company’s promoter Radhakrishan Damani completed sale of ~1% stake in the company in order…

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Ways2Capital Reviews : Nifty PSU Bank Surges; PNB Up 4%

Ways2Capital Reviews : Nifty PSU Bank Surges; PNB Up 4%

Nifty PSU Bank was up 1.51% today and was one of the highest gainers among the NSE Nifty indices. This was mainly attributed to Punjab National Bank’s announcement that it will divest stake in its subsidiary PNB Housing Finance, BSE, ICRA and CRISIL. With this, PNB aims to implement the PSB’s Reforms Agenda dated January 24, 2018 for responsive and responsible PSBs.

PNB Housing Finance is one…

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Ways2Capital Reviews : Mahanagar Gas Hikes CNG And PNG Price In Mumbai

Ways2Capital Reviews : Mahanagar Gas Hikes CNG And PNG Price In Mumbai

Mahanagar Gas hiked the prices of domestic Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) by Rs0.33/scm and Rs1.51/kg respectively in Mumbai, as per media reports. The hike is with a view to partially pass on company’s increase in input cost of gas due to dollar appreciation against rupee and also due to increase in share of Panna-mukta and Tapti gas for the supply of domestic gas.

MG…

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Ways2Capital Reviews : Sensex At 35,570 Gains Over 100 Points, Nifty PSU Bank Up 1%

Ways2Capital Reviews : Sensex At 35,570 Gains Over 100 Points, Nifty PSU Bank Up 1%

Indian equity benchmarks inched higher owing to Reliance Industries, HDFC Bank, Infosys and Kotak Mahindra.

At 9:35 AM, the BSE Sensex is trading at 35,602 up 159 points, while NSE Nifty is trading at 10,812 up 45 points.

The BSE Mid-cap Index is trading up 0.37% at 16,082, whereas BSE Small-cap Index is trading up 0.70% at 16,887.

Bajaj Finance (+0.78%), Sun Pharma (+0.69%), HCL Tech (+0.64%),…

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Ways2Capital Reviews : Natco Launches First Generic Of Posaconazole In India

Ways2Capital Reviews : Natco Launches First Generic Of Posaconazole In India

Natco Pharma has announced that it has launched Posanat, a generic Posaconazole Injection, 300 mg/16.7ml in India. Posaconazole injection is an antifungal agent and it is used in patients who are at high risk of developing infections (Aspergillus and Candida) due to being severely immunocompromised, such as associated with stem cell transplant or from chemotherapy.

Posaconazole Injection is…

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Ways2Capital Reviews : Broker Radar For June 11

Ways2Capital Reviews : Broker Radar For June 11

Macquarie on Indian Real Estate

Under Indian Accounting Standard 115, revenue recognition will change from percentage completion to project completion.

Companies can recognize revenues only when residential project receives occupation certificates.

Annuity businesses including office, retail and hotels will be largely unaffected.

Investor focus will shift to cash flow as reported P&L loses…

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Ways2Capital Reviews : Top Stocks In Focus Today: Natco Pharma, Syndicate Bank, Shoppers Stop, Indian Overseas Bank

Ways2Capital Reviews : Top Stocks In Focus Today: Natco Pharma, Syndicate Bank, Shoppers Stop, Indian Overseas Bank

Natco Pharma introduces generic posaconazole injection in India, which will be an antifungal agent.

Syndicate Bank raises one-year MCLR to 8.55% From 8.50%.

Shoppers Stop’s Vijay Jain resigns as Chief Financial Officer w.e.f. June 08, 2018.

Indian Overseas Bank raises the lending rate by 5-10bps effective June 10.

Sagar Cements’ May standalone production up 15% at 1.84 lakh tonne.

PNB to divest…

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