Stock Market Corner

Stock Corner: 1.                   The board of Fortis Healthcare on Tuesday mutually terminated Munjal-Burman's offer and decided to call for fresh bids for sale of the company. The board invited interested parties to submit fresh expression of interest (EOI) by May 31. Based on the EOI submitted, the Board will shortlist the bidders on June 1. 2.                   Coal India on Tuesday reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. The company had posted a profit of Rs 2,919 crore for the corresponding quarter of last year. Its revenues fell 16 percent at Rs 26,909 crore against Rs 23,243 crore year on year. 3.                   Manpasand Beverages is locked in lower circuit for the second straight day.The sharp falls comes after the Deloitte Haskins and Sells resigned as auditor of the company with effect from May 26, 2018. 4.                   Shares of Larsen & Toubro (L&T) gains extending their 5% gain in the past one week, after the company reported better than expected operational performance in March 2018 (Q4FY18). 5.                   Strides Shasun rose 2% to Rs 432, bouncing back from its early morning low after the company made clarification on rumor regarding resignation of statutory auditor. We understand that there are unconfirmed rumors in the market relating to the resignation of Statutory Auditors of the Company. 6.                   Shares of Bharat Heavy Electricals Limited (BHEL) have moved higher by 9% to Rs 86.45 per share on the BSE in noon deal after the state-owned company reported a more than double standalone net profit of Rs 4.57 billion in March quarter (Q4FY18). It had a profit of Rs 2.16 billion in the same quarter last fiscal. To Get Free Trial on stock cash tips, equity market tips give Missed call @8817002233,WHATSAPP NO. 8602780449 Mail Us = starindiamarket@gmail.com visit = https://www.starindiaresearch.com/stock-cash-tips.php