Saturday, April 3, 1999
Tata stocks hammered as revival hopes sink
Ahead of their financial results, the Tata group companies have been hammered on the bourses. After a dream run by a majority of the Tata group scrips in January this year, as many as six Tata companies have been targetted and hammered by the bears.
Equity expansion, cost overrun make Swil'spublic issue unattractive
The Rs 53-crore public issue of fully convertible debentures from Swil does not look attractive. Although the coupon is attractive at 17.5%, a sharp rise in equity after conversion of FCDs and a cost overrun of Rs 175.5 crore will affect the future earnings of the company.
KPIT mulls BSE, NSE listing
After its dream debut on the Pune Stock Exchange at a premium of 340% over its offer price of, KPIT Systems has now approached the Bombay and the National stock exchanges for listing.
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