Ace investor Ramesh Damani bought 27,500 shares worth Rs 13 crore in a smallcap company, John Cockerill India, via a bulk deal on Friday. The promoter entity, John Cockerill SA sold over 1.91 lakh shares valued at Rs 91 crore. The shares were purchased at a price of Rs 4,704.45 apiece, which was a 1%…
For the last 5–6 months, the stock has been moving within a triangle pattern on the daily timeframe. In today’s session, it began an upward move with very high volume.Once it breaks out of the triangle, it could deliver an upside of 18–20% from the breakout point. RSI and other indicators are positive.(Disclaimer: Recommendations, suggestions,…
Akzo Nobel India shares will be in focus on Tuesday after the company received a binding offer from parent Akzo Nobel NV to acquire its powder coatings business and international research centre for Rs 2,073 crore and Rs 70 crore, respectively, the company said in a late-night exchange filing on Monday. The transfer of businesses…
Indian equity indices closed marginally higher on Thursday, with gains in financial stocks offset by a decline in IT shares. The Nifty 50 inched up 0.07% to close at 24,998, while the S&P BSE Sensex gained 0.18%, settling at 81,611. Both indices had risen around 0.6% earlier in the session. Meanwhile, Friday’s trade may see…