Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Shares of the Mumbai-based real estate developer rose as much as 4 percent to Rs 597.85 after Canada Pension Plan Investment Board (CPPIB) invested Rs 938 crore for acquiring additional 19 percent stake in Island Star Mall Developers Private Limited (ISMDPL).                          

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ONGC Rises On Talks With Ecuador For Upstream Oil Investments

Gold Silver Reporta (GSR) – ONGC Rises On Talks With Ecuador For Upstream Oil Investments – Shares of the government-owned oil exploration company rose as much as 2.97 percent to Rs 185.55 after Ecuador held talks with ONGC for investment in upstream oil projects, Carlos Garcia, South American nation’s minister of hydrocarbon said.

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Fortis Healthcare Rises After Manipal Health Revises Deal

Fortis Healthcare Rises After Manipal Health Revises Deal

Shares of the Delhi-based hospital chain operator rose as much as 3.89 percent to Rs 152.30 after Manipal Heath Enterprises revised its offer to buy Fortis Healthcare’s hospital business after consulting with shareholders who expressed dissatisfaction with the earlier offer.                   

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Hindalco, Vedanta Gain After Aluminium Rises In International Market

Hindalco, Vedanta Gain After Aluminium Rises In International Market 

Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.           

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Brokerage Radar Stocks

Brokerage Radar Stocks

Macquarie on Indian Aluminium

📌 Expect Aluminium and Alumina prices to rise on Norsk Hydro shutdown and U.S. sanction on Rusal.

📌 Continue to assess developments, but a positive impact in short term is apparent.

📌 Hindalco, NALCO and Vedanta to benefit.

📌 NALCO is most sensitive to prices; Hindalco is top pick on these events.           

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