WINNING STROKES: THINK DIFFERENT
Sarang Wadhawan |
Today,
HDIL came out with better than expected results, though the net profits
took a hit, Q--Q basis. A buy call was initiated during the market
hours at Rs.32.50. The management commentary was encouraging and
sequentially speaking, the results were good. CLICK HERE. The following announcement apparently looks positive for the shareholders of the company:
Housing Development and Infrastructure Ltd has informed BSE that the
Company had issued 25675 12% Non-Convertible Debentures of Rs.10.00
Lakhs each aggregating to Rs.2567.70 Crores, out of which as on date
Non-Convertible Debentures aggregating to Rs.1311.22 Crores has been
redeemed including Non-Convertible Debentures of Rs.373.99 Crores
redeemed during the period April 2013 to August 14, 2013. The company
has reduced the standalone debt by Rs.203 Cr. The consolidated debt is
down Rs.3830 Cr., reduced by Rs.188 Cr. The scrip closed at 33.40, just a
tad below the days high of Rs.33.85. CLICK HERE.
Tulip Telecom Ltd hits another buyer freeze in the morning trade. The scrip closed at Rs.8.98.