Stocks to watch out for in Monday’s session
These are the stocks to watch out for in today’s session:-
Coal India:- Coal India’s arm, Central Coalfields Ltd., today announced an increase in price of coking coal, which may help the PSU earn an additional revenue of nearly Rs 89.98 crore for the remainder of 2016-17 and Rs 222 crore for the next fiscal.
Pokarna Ltd:- Shares of Pokarna have been locked at 20% upper circuit and touched a 52-week high of Rs 1103.85, on Friday, as its subsidiary entered into a partnership agreement with IKEA India.
HPCL:– Hindustan Petroleum Corp. Ltd., (HPCL) is in talks with six foreign suppliers to source liquefied natural gas (LNG) for its Rs 5,400 crore LNG terminal coming up at the Chhara Port in Gujarat.
United Bank:- United Bank of India (UBI) is facing difficulties in raising capital. First, it is unlikely to get Rs 200 crore from the government as it failed to fulfill the performance parameters amid demonetisation. Second, the bank looks to put its Rs 500-600 crore qualified institutional placement (QIP) on hold as it’s not prudent to raise capital in a patchy market.
Coal India Ltd is currently trading at Rs 316.3, up by Rs 1.5 or 0.48% from its previous closing of Rs 314.8 on the BSE.
The scrip opened at Rs 319 and has touched a high and low of Rs 320 and Rs 310.85 respectively. So far 1808563(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 198839.01 crore.
The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high of Rs 349.85 on 17-Aug-2016 and a 52 week low of Rs 272.05 on 12-Apr-2016. Last one week high and low of the scrip stood at Rs 319.2 and Rs 299.25 respectively.
The promoters holding in the company stood at 79.78 % while Institutions and Non-Institutions held 17.76 % and 2.47 % respectively.
The stock is currently trading above its 200 DMA.