Prince Pipes: High Expected Growth but Fully Valued?
Prince Pipes and Fittings Ltd (PPFL) is one of the leading polymer pipes and fittings manufacturers in India. It has more than three decades of experience in manufacturing polymer pipes. PPFL manufactures polymer pipes using four different polymers: UPVC (unplasticised polyvinyl chloride), CPVC (chlorinated polyvinyl chloride), PPR (polypropylene random copolymer) and HDPE (high-density...
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  • Nifty, Sensex close below today’s low may mean further weakness – Thursday closing report
    We had mentioned in previous week’s closing report that Nifty, Sensex were still trending up. On Thursday, the major indices faced a correction. On the NSE, there were 828 advances, 1,011 declines and 376 unchanged.
     
    The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    SpiceJet stock price rose after The US Federal Aviation Administration approved Boeing Co.’s 737 MAX jet again to fly after two fatal crashes that triggered two years of regulatory scrutiny and corporate upheaval.
     
    TCS has fixed 28 November 2020 as the record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback.
     
    GPT Infraprojects won a contract worth Rs 162.83 crore by the office of the Hooghly River Bridge Commissioners (HRBC), Transport Department, Government of West Bengal, Kolkata.
    L&T Construction has secured another mega contract from the National High-Speed Rail Corporation Limited (NHSRCL) to construct 87.569 km of the Mumbai-Ahmedabad High Speed Rail (MAHSR) project. This order comes on the heels of the earlier one for the C4 Package of the project, involving the construction of a 237.1 km stretch. 
     
    Vedanta has put in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum for which a major foreign player is also said to be in the race.
    ACC will divest its stake in National Limestone Company Private Limited, which is currently non operational, to N.G. Ghadiya Group for Rs. 20 crore.
     
    Piramal Enterprises has asked the Committee of Creditors (CoC) of DHFL to reject Adani Properties' proposal to bid for the entire portfolio of the troubled non-banking finance company or it would withdraw from the process, sources told CNBC-TV18.
     
    Hero MotoCorp sold more than 14 lakh units of motorcycles and scooters during the latest festive season. 
     
    GTPL Hathway sold its entire 61.5% stake in GTPL Space City Private Limited on November 18, 2020. 
     
    The Supreme Court asked power companies to file their submissions and suggestions on loan relief plea to the Reserve Bank of India (RBI) and the Centre.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User 

    Nifty, Sensex still trending up – Wednesday closing report
    We had mentioned in yesterday’s closing report that bullishness continues in the Nifty and the Sensex. On Wednesday, the major indices made fresh all-time highs and closed with decent gains.
     
    On the NSE, there were 1,096 advances, 764 declines and 356 unchanged.
     
    The trends of the major indices in the course of Wednesday’s trading are given in the table below:
     
     
    BPCL share price declined as energy giants like the Reliance Industries, Saudi Aramco and BP did not participate in the bidding process for the 52.98% of the stake sale of the company.
     
    Lakshmi Vilas Bank was put under moratorium by the Finance Ministry, with effect from November 17 till December 16, 2020. During this time, depositors cannot withdraw more than Rs 25,000, and any extra amount of withdrawal will require the bank to take a written permission from the Reserve Bank of India (RBI). Also, the 94-year old bank will be merged with DBS Bank India and its entire paid-up share capital will be written off.
     
    Wonderla Holidays Bangalore unit is opening for water rides from November 20, 2020. The dry rides have been operational since November 13. The park will be reducing the entry limit to 4000 from its original capacity of 10,000 per day for safety reasons.
     
    Larsen & Toubro bagged the biggest orders ever from Tata Steel to supply 46 units of Komatsu mining equipment. The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.
     
    JSW Infrastructure, part of the US$ 12 billion JSW Group on Wednesday said it has completed the acquisition of Chettinad Group's port business.
     
    Sadbhav Engineering received letter of acceptance from NHAI for the 2 EPC road project/work for a contract value of Rs 1572.30 crore. Construction period of both road projects will be 24 months from appointed date.
     
    Just Dial said it is pursuing all legal remedies to counter baseless allegations by IndiaMART. Indiamart sued Just Dial in the Delhi High Court alleging that Just Dial infringed upon its copyright over the website compilations that Indiamart made after years of hard work.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User 

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