HMT NEWS
Kumaraswamy holds meeting to revive ailing HMT
Heavy Industries Minister H D Kumaraswamy has directed top officials of Hindustan Machine Tools (HMT) to prepare proposals aimed at revitalizing the struggling public sector enterprise. The once-prestigious HMT is currently grappling with significant challenges, including financial difficulties, legal issues, and operational losses. Kumaraswamy emphasized the importance of strengthening HMT and instructed its Chairman and Managing Director, Rajesh Kohli, to submit a detailed revival plan to the central government.
Multi-billion dollar PSU stock rally and the hidden hand of low free float
The rally in PSU stocks is not just about improving fundamentals and investor sentiments. Low free float is also one of the reasons behind the multibagger rally. PSU stock KIOCL holds the record of lowest free float of just 0.97% as the Indian government owns 99.03% in the company. The stock has rallied 154% in one year. Other PSU multibaggers where government holding is at least 90% are Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, HMT, Central Bank of India, ITI, State Trading Corporation and FACT.
Stocks in the news: RIL, Wipro, JSW Steel, Tata Power and Max Healthcare
The government hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.
LIC IPO demands a valuation of 202 PE. Is it worth it?
This is perhaps the most expensive in recent memory and makes the company more expensive than not just its peers but also the likes of Adani Wilmar, Dixon Tech and IRCTC.
Stocks in the news: HCL Tech, Maruti, HFCL, Fortis, Equitas SFB and Vedanta
HFCL, HMT, Steel Strips Wheels, Authum Investment, and Indbank Merchant Banking Services will announce quarterly earnings today.
Stocks in the news: RIL, Indiabulls Real Estate, Jindal Stainless, Wipro, TCS and Eicher Motors
Rakesh Jhunjhunwala's RARE Enterprises purchased 50 lakh shares of Indiabulls Real Estate through a bulk deal on NSE.
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What are the rules of bringing back brands from the dead?
ISRO spy case: Former scientist K Chandrasekhar dies before verdict he wanted
Even as the much waited ruling came at 11 am, Chandrasekhar's final journey from the world had begun.
Framed in Isro case, he died without hearing SC verdict
Formerly India’s representative to Russian space agency Glavkosmos and one of the six accused in the 1994 Isro spy case, Chandrasekhar, 76, slipped into a coma on Friday morning, hours before the Supreme Court order.
Share market update: Market mood sombre; these stocks plunged
Headline indices Nifty and Sensex opened on a volatile note on Tuesday.
Share market update: Over 45 stocks touch their 52-week lows on NSE
Among the 50 stocks in the Nifty index, 24 stocks were in the green and 26 were in the red.
Stock market update: Over 35 stocks hit 52-week lows on NSE
ICICI Bank, Infosys, Hindustan Unilever and State Bank of India were among top drag on Sensex index.
Stock market update: These stocks defy positive market mood, crack up to 5%
Domestic equity benchmarks Sensex and Nifty registered a strong opening, with Sensex surging over 280 points and Nifty crossing 11,450.
Finance Ministry plans to transfer shares of some PSUs to SNIF to meet Sebi's public float norm
As per the norms, PSUs were mandated to achieve the minimum 25 per cent public shareholding by August 21, 2017.
Stock market update: Sensex, Nifty down; these stocks crack over 4% on NSE
Losses in ITC, ICICI Bank, Tata Motors, Axis Bank and State Bank of India weighed on bourses.
Stock market update: Market treads up, but these stocks crack up to 6%
The NSE Nifty index was trading 31 points up at 10,818, while the BSE Sensex was up 110 points at 35,593 around 10:10 am.
Market Now: Over 15 stocks hit fresh 52-week high today
Pharma, metal, bank and auto stocks caught investors' attention.
Fifteen stocks in focus on Friday, 18 November 2016
SGX Nifty was trading 24 points down at 8,070, indicating a weak start for NSE Nifty.
Mapping the market: Midcaps continue to march, Quick Heal sees some healing
While volatility continued to ease, there was no dearth of volatility in specific stocks and sectors. Here is a recap of all the action all through Friday.
HMT soars 14% on subsidiary revival plan
Shares of HMT surged nearly 14 per cent amid reports that the government was looking to revive two of firm's loss-making subsidiaries, Heavy Engineering Corporation (HEC) and HMT Machine Tools, due to their 'strategic' importance.
HMT watches may be ticking back to life
Till the entry of private players with more modern products, HMT was synonymous with watches, passed down from one generation to another.
News of HMT's closure breaks hearts of watch connoisseurs
HMT's craftsmanship makes the watch a prized possession among horologists in the UK and Germany for its design finesse and superior quality.
Clock ticks away for remnants of Nehruvian era
HMT has been in a time warp of sorts, belonging as it does to an era that could not have foreseen that watches would have to offer other things too.
Fifteen stocks in focus in Monday morning trade
Indian shares are expected to trade higher. Here is a list of fifteen stocks that are likely to be in action in morning trade today.
Look for better bets than HMT: Paras Adenwala
In an interview with ET Now, Paras Adenwala said that prefer other stocks to HMT even when there are good news for the stock.
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