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Oriental Bank and Simbhaoli at new low

about 9 years ago

Not surprisingly, Oriental Bank of Commerce is the top loser on the BSE currently, hitting a new 52-week low at Rs.92.50. Along with it, Simbhaoli Sugar is also down in the deep red, going down to a new low at Rs.13.50.

Oriental Veneer in UC since Friday

about 10 years ago

This Shahpur based company, Oriental Veneer, makes veneer, wood and decorate laminates and compressed boards. And it has been hitting the UC consistently since entire last week.

Oriental Hotels up over 13%

about 9 years ago

Oriental Hotels rose to Rs.42 today from yesterday’s close of Rs.37.15. And this was not too far from its 52-week high of Rs.48.70. Volumes too have shown a sharp rise today of over 6 times.

Banking stocks seeped in red

about 11 years ago

Banks are having a very rough run on the bourses. Out of the 40 stocks, 36 are on the decline. Only one bank is a gainer- Lakshmi Vilas Bank. Vijaya Bank hit a new 52-week low at Rs.37.65, Yes Bank, Central Bank, Oriental Bank are amongst the top losers. The reason for this rout in the banki ...

PSU Banks in the red

about 10 years ago

PSU Banks are the big losers on the BSE since morning. Bank of Baroda leads the pack with a loss of 2.44%, Federal Bank is next, down 2.33%, Bank of India, Oriental Bank, SBI, PNB, Corporation Bank, Canara Bank; all are in the red. Even Private sector banks like ICICI Bank, Yes Bank, Axis, all ar ...

PSU Banks steal the limelight

about 10 years ago

It’s a great day for PSU banks on the bourses today. Indian Overseas Bank, BoB, Bank of Maharashtra, PNB, Indian Bank, Corporation Bank, Canara Bank, Andhra Bank, Oriental Bank, Syndicate Bank – all have hit a new 52-week high today. SBI is currently less than Rs.2 away from hitting a new high.

PSU banks all in the red

about 9 years ago

The S&P BSE PSU Index is painted red, led mainly by PSU banking stocks falling like nine pins today. The pack of losers is led by Andhra Bank, followed by IDBI, Oriental Bank, Union Bank,

PSU banks tank big time

about 7 years ago

The losers list on the BSE is led by PSU banks – the banks into which the weaker banks are being merged. PNB, Oriental Bank of Commerce, Canara Bank, Indian Bank and Union Bank of India fell

Hotel stocks get occupied!

about 7 years ago

Stocks like Indian Hotels, Hotel Leela, Taj GVK, Royal Orchids, EIH Associated, Lemon Tree, EIH and Oriental Hotels are up in the green. Hotel Leela is the best performer in the sector, rising 15%.

Banking sector biggest gainer

about 13 years ago

The biggest gainer in today’s rise in Banking. The BSE Bankex is up 7.55% and the entire baking stocks are up in the green. Canara Bank, Andhra Bank, Oriental Bank, Indian Bank, PNB, IndusInd Bank, HDFC Bank, ICICI Bank, Union Bank, Allahabad Bank, Axis, Karnataka Bank, Syndicate Bank&helli ...

Bombay Dyeing under PE lens, up 14%

about 13 years ago

Bombay Dyeing is up nearly 14% in trade this Monday morning, with heavy volumes of close to 5.8 lakh shares on BSE in the first hour of trade against two-week average of 1.47 lakh shares. Press reports suggest that marquee PE names such as WL Ross, Sequoia Capital and JC Flowers ar ...

UCO Bank causes worry

about 12 years ago

UCO Bank is the top loser of the day currently, down almost 8% at Rs.90.70, near its intra day low of Rs.89.75. The stock has tanked today on reports on irregularities in loan sanctions, with the Finance Ministry ordering a forensic audit into its NPAs and loan sanction irregularities. ...

Shriram EPC up over 9%

about 12 years ago

Shriram EPC, which has been lackluster for some time now has shown a sudden spike up of interest today. The stock is up at Rs.39.65, 9% higher and volumes are also pretty robust at 29,000 shares traded in the morning session alone, compared to two-week average of 15,000 shares. The engineeri ...

Corporation Bank in the red

about 9 years ago

Corporation Bank is down in the red, just Rs.1.40 away from hitting its 52-week low of Rs.38.05.

United Bank surges over 11%

about 8 years ago

United Bank of India hit a 6-month high today morning at Rs.12.48, going up 11.5%. Its 52-week high is at Rs.19.50. Volumes have gone up over 3 times.

PSU banks in the limelight

about 7 years ago

PSU Banks are up among the top gainers on the BSE today morning, led by Corporation Bank, Central Bank, SBI, IOB, Allahabad Bank, Syndicate Bank, J&K Bank

Apollo Pipes gets 'ace' investor

about 7 years ago

Apollo Pipes is a bright star today. In fact it has been gaining for the past 2 days , going up over 9.2% during the last two days.

TFCI up almost 11%

about 14 years ago

Tourism Finance Corporation of India (TFCI) is doing very well in this otherwise bad market. The stock is up currently almost 11% at Rs.24.65, with an intra day high at Rs.25.85. Its 52-week high stands at Rs.30.35. Volumes are HUGE at over 2.3 lakh shares being traded compared to around 7400 sha ...

POLITICAL STOCKS - POLITICALLY CORRECT BUT ECONOMICALLY WRONG?

about 15 years ago

Yes, if one has to survive in the corporate world, it is probably essential to kowtow with politicians. But how much and how far is the big question. Every industrialist has to knock on the doors of the politician but whether that knocking leads to

Reforms with a Vengeance

about 14 years ago

"India First" is the new slogan and mantra of the Congress to implement reforms, as these are seen in the larger interests of the country and its citizens. Even the communication through media has started by the Govt., whereby gains of each policy initiatives are being explained to the people of India. From hereon, Govt. is likely to continue with its reform process taking advantage of the dilemma of various political parties.

Jindal Cotex

about 18 years ago

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Shriram EPC

about 19 years ago

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Bank of India

about 20 years ago

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THE ROT IS ONLY AT THE BOTTOM?

about 7 years ago

Some time ago, Nayak had filed an RTI, asking details of employees penalised in FY18 along with their designation, branch, and the nature of the penalty imposed on them. And the answers seem to have finally come.

DESPACITO – SLOWLY GETTING DESPONDENT

about 7 years ago

If the Govt had thought that it could have got the market to celebrate and soar with their merger announcements on Friday; well, it gauged the moods completely wrong. The overhang of the slowdown, the further falling sales numbers of the auto sector and another merger news of BPCL into Indian Oil Corporation kept the markets down, really really down.

MARKETS GETTING ‘MODI’FIED

about 8 years ago

hen there are some specific stocks, which zoom up or down every time, there is positive or negative news on Modi. These are companies whose promoters are stated to be “close” to Modi – Adani group, Torrent and even Mukesh Ambani’s Reliance.

WILL MERGING BANKS HELP STEM THE ROT?

about 8 years ago

Banks having too much bad debt on their books? NPAs are an issue? The Govt has found a way out – merge them and create one big mammoth bank. Will that change the rise of bad debts or bad decisions? Not really.

RS.3 PEN TIED IN BANKS WHILE SCAMSTERS EMPTY THE COFFERS!

about 9 years ago

The horses have run out of the stable and the door is now being closed. That’s how one feels on reading that 36 scamsters have already fled the country and we are left sifting through the muck, working relentlessly on extradition while the tax payers money gets wasted, time and again. While RBI and finance ministry continue with their blame game, we can only watch helplessly as banks get heisted.

THE ‘BAIL-IN’ CONTROVESY – HAS IT GOT ANY MERIT?

about 9 years ago

Today we cannot hold cash in the house and now not even our deposits in the bank are safe! Should I remove all my Fixed Deposits (FDs) from the banks?” And then there are others who have been asking, “Can you check and tell me if my bank is under financially sound or weak category? If weak or even moderately weak, I will remove my FDs?”

MARKETS TANK BUT DOES NOT CRASH

about 9 years ago

On 16th of June, RBI was responsible for the markets hitting new highs with its move on NPA resolution; today once again the markets danced to the tune of RBI though this time, southwards. The market, fresh and optimistic after a long weekend, opened will all vigor and remained over 150 points, at least till afternoon session.

BUDGET FY17 - GAINERS AND LOSERS

about 11 years ago

Here is a quick look at some of the announcements made in the Budget and how it will impact companies in the various sectors. Some are obvious gainers like always in all Budget, the agri stocks and some are the usual losers, like cigarette companies. Take a look and take stock of where you stand post the Budget.....

THE HR CRISIS AT PSU BANKS

about 11 years ago

You want to meet the CEOs of Andhra Bank, Bank of Baroda, Bank of India, Canara Bank and Punjab National Bank? That's simply not possible. Not because we as aam aadmi rarely have access to the CEOs, that too of PSU Banks. But simply because these banks do not currently have a CEO. IDBI Bank's CEO will retire eight days from now.

ARE STOCKS AND MARKETS GETTING 'MODI'FIED?

about 13 years ago

What do we mean by political connections? Just as a common man might feel that he can get his work done expeditiously if he has 'contacts' in the Municipality or any Govt office, company owners, obviously with higher stakes, need such 'contacts' at the higher levels. It is a known truth

COBRAPOST, NEPOTISM, CBI - NOT DAAL MEIN KAALA, ENTIRE DAAL IS BLACK!

about 14 years ago

Fast and furious. That's the pace of the worms coming out of the rotten can. It used to be one scam per week, then per day but now it looks like, its scam every hour!

GICRe & NIACL hit the roof

about 6 years ago

GIC Insurance, which had closed yesterday at Rs.170.9o, opened over 13% higher at Rs.194 and went up further to Rs.205.05, its 20% UC of the day