Glodyne Tech Ltd hits the buyer freeze in the opening trade. The company's CMD is in the US, probably either to look for PE investors or for overseeing the north American operations. The comapany's subsidiary is doing fine in the US. CMP: Rs.15.90.
IRB INFRA: Has started work on its largest project--widening the Ahmedabad-Vadodara highway. CMP: Rs.118. Earlier Kotak Securities Ltd gave a buy call on the scrip with a target price of Rs.184. You should buy this scirp and hold.
Jai Prakash Associates Ltd will come up with Q3FY13 results today (11th Feb, 2013). Keep an eye on the counter. CMP: Rs.72.80.
It is strange how Axis Bank Ltd is moving up even today (CMP: Rs.1482, up 1.99%), when the Wadia Group has dragged the bank to the Bombay HC for not paying a Rs.330-mln final instalment for buying a 350,000 sq ft building in central Mumbai. Is SEBI aware of this development...........??!!
Market regulator Sebi has allowed stock exchanges to introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity cash segment. The decision has been taken pursuant to introduction of incentive schemes in derivatives segment to enhance liquidity in illiquid derivative products, and demands for similar schemes for the Equity Cash market, Securities and Exchange Board of India (Sebi) said in a circular.
Under the scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity. There are more than 2,000 illiquid stocks on leading exchanges. THIS IS EXPECTED TO BRING IN A RALLY IN THE SMALL AND MID CAP COUNTERS---buy in bulk.