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Educomp surged 16% on the news of UK publishing group Pearson plc. NTPC fell by 12%
Gainers: Educomp Solutions surged 16% on the news that Pearson plc, the world-renowned publishing company (controlling the Financial Times group), will acquire a 50% stake in Educomp’s existing vocational training business for Rs85 crore. After completing their training, students will receive Pearson’s...
Axis Bank leapt by 16% and LIC Housing Finance jumped by 12%. Idea Cellular declined by 5%
Gainers: LIC Housing Finance rallied 12%, continuing its most amazing run. It hit another all-time high last fortnight even as the market looked weak. We feel it has become overvalued and suggest exiting at handsome profits. Axis Bank was another stock to gain 16%. Infosys Technologies and Crisil rose...
Axis Bank surged 16% on news of raising capital through NCDs; LIC HF rose 12% on favourable news including setting up a real estate venture fund
Gainers: Axis Bank is planning to raise Rs2,000 crore via unsecured redeemable non-convertible subordinated debentures. The stock surged 16% over the fortnight. LIC Housing Finance is setting up a Rs500-crore (about $100 million) venture fund to...