Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter

Gold Silver Reports (GSR) – Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter – Shares of the Tamil Nadu-based private sector lender rose 1.8 percent to Rs 105.85. Well-known investor Rakesh Jhunjhunwala raised his stake in the bank to 3.36 percent versus 3.09 percent in the previous quarter, according to the March shareholding pattern submitted by the bank to stock exchanges.

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Manpasand Beverages Gains On Agreement With Parle

Gold Silver Reports (GSR) – Manpasand Beverages Gains On Agreement With Parle – Shares of the Vadodara-based fruit juice maker rose as much as 2.88 percent to Rs 392.65 after it signed an agreement with Parle to jointly distribute brands in Western India beginning with Gujarat.

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Seven KEC International Employees Abducted In Afghanistan; Shares Fall

Gold Silver Reports (GSR) – Seven KEC International Employees Abducted In Afghanistan; Shares Fall – Shares of the Mumbai-based power transmission company fell as much as 3.7 percent to Rs 410.80. The company in a clarification to stock exchanges said that its seven employees which include six Indian citizens and one Afghan national have been abducted in Afghanistan.

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Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals

Gold Silver Reports (GSR) – Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals – The dollar drifted from a recent high. Equity benchmarks in Japan fluctuated and gained in Australia. Hong Kong futures climbed alongside S&P 500 Index futures. The MSCI Asia Pacific declined for a second consecutive week last week.

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Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price

Gold Silver Reports (GSR) – Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price — PC Jeweller Ltd. slumped about 40 percent in the past week after the company said that one of its founders, P.C. Gupta, made the gifts in off-market trades. While the shares rebounded 44 percent Friday, they’re still down 70 percent from the Jan. 19 record and the company’s market value has shrunk to 68.9 billion rupees ($1 billion).                      

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