Indian Oil Corporation shares fell nearly 5 percent intraday after the stock adjusted for bonus share issue. The state-owned oil marketing company, on January 30, recommended issue of bonus shares in the ratio of 1:1 i.e. one new equity bonus share of Rs 10 each for every one existing equity share of Rs 10 each fully paid up. The record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares has been fixed as March 17, 2018. Continue reading
Market Live : Sensex up 500 pts, Nifty inches towards 10,400; Bharti Airtel gains 4%. United Spirits, MOIL, SpiceJet, Ashok Leyland, Castex Technologies, Reliance Communications, Adani Power, Gammon Infra, HDIL, Shree Renuka and Suzlon Energy gained up to 4 percent.
CASH HOLDING TIP: BUY DWARKESH ABOVE 29 TARGET 32-38 WITH SL 24 TOTAL 20000 SHARES
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