Market updates
Shipping Corp share sale opens Nov 30, closes Dec 3
The company files RHP for share sale with SEBI.
Mumbai power outage: Power goes out across Bandra to Mira Road
Power supply to some parts of airport also hit. MIAL activates back-up supply at airport.
Board approves setting up of 250 MW power plant: GAIL
The company may build two additional 350 MW power units.
BPCL shuts Mumbai crude unit, catalytic cracker for a month
BPCL unit shut for maintenance.
Stocks Suggestions
Idea Cellular Ltd
The stock has been an underperformer in the current market rally. It is making lower tops and bottoms on the charts and is trading below its 200 day moving average.The stock has not performed. The telecom sector as a whole has under pressure because of the CAG report. Shift to Idea Cellular.
Man Infraconstruction Ltd
The results have been good but there are doubts over execution capabilities as cost and time overruns can impact margins. Shift to IRB infra that has emerged as the preferred company in 2-3 states. It has good margins and a robust order book. The stock has made a double top on the daily chart at 380 levels. It has broken the key support of 328 and can test lower levels of 280.
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