Saint Gobain Sekurit is on a roll today. Opening higher at Rs.22.25, the stock is currently up almost 9% at Rs.23.40, with volumes going up two times. The stock is in the limelight post its Q1FY15 performance, wherein on a 15% (yoY) rise in net sales, the company reported a whopping 5 times ...

The saint who wrote a letter to the Prime Minister, urging him to dig and find the gold, has indeed put his entire reputation and that of the country at stake. If gold is indeed found, the following of this seer is expected to increase manifold and more worrisome - a multitude of increase in superstitions and rituals and protecting our heritage sites from gold diggers will become impossible.

Suddenly now from a theme of delisting, marketmen are scouting around for stocks where now parents could announce a stake hike and like GSK, come up with a premium open offer price. Delisting as such has become a dicey story to play on. Delisting has become much more expensive than earlier and promoters have got wary, what with the price needed to pay becoming exorbitant. Naturally when the floor price is based on reverse

A lot of market punters are pretty miffed because Kennametal let them down so badly. Most had taken positions in the stock, hoping that the company will announce a delisting price which would be at a hefty premium over the market price. And then the company went ahead and announced that it will not delist; the US parent company has instead, taken the cheaper route - to pare its stake from the current 88.16% to 75%. Marketmen are crying foul,

Yesterday, the Yuan fell after Trump escalated the China tariff war on Sunday – he proposed a 10% tariff and the yuan showed a natural reaction – it too fell and the Chinese Govt did not intervene to arrest the fall. Maybe that is what Trump is calling as “manipulation?”

The stock price has reacted very positively to this news. It rose from its opening of Rs.216.35 to an intraday high at Rs.223.40 and is currently at Rs.222 levels.