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Market Briefing
SHCIL eyes Rs 1 lakh cr business this fiscal
The Stock Holding Corporation of India Ltd (SHCIL) is poised for a whopping growth of over 275 per cent in the current financial year (1999-2000) with business volumes touching a new high. SHCIL handled business worth Rs 93,572 crore till yesterday in the current fiscal, as against Rs 25,700 crore for the whole of 1998-99, its CEO and managing director BV Goud, told reporters.Skindia GDR Index up 1.7 per cent
The Skindia GDR index, representing GDRs of 22 actively-traded companies, recovered by 1.76 per cent to 1530.42 on March 6 from its previous close of 1503.90, according to Instanex Capital. The Skindia GDR Index P/E ratio also edged up by 1.74 percent to 29.64 from 29.14 on March 3. Among the Indian GDRs, 19 registered gains while 25 showed losses and 17 remained unchanged. BoB ELSS declares 12% dividend
The equity linked savings scheme, 1996 from BoB MF has declared a dividend of 12 pc for 1999-2000. The dividend is tax-free in the hands of the investors. The scheme will become open-ended from March 23 for sale of units on an ongoing basis. Those subscribing to the scheme's units on or after March 23 till March 31, will also be eligible for dividend. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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