Rel Cap does it again, touches all-time high
The ADA Group company Reliance Capital's shares on Wednesday again touched an all-time high of Rs 800.85 on the BSE in intra-day trade on market speculation fuelled by reports that global financial giants are keen on buying stake in the company's ...
By PTI |
MUMBAI: The ADA Group company Reliance Capital's shares on Wednesday again touched an all-time high of Rs 800.85 on the BSE in intra-day trade on market speculation fuelled by reports that global financial giants are keen on buying stake in the company's mutual fund business.
The stock finally closed at 2.91 per cent up at Rs 795.25 witnessing brisk trading activity.
The shares of the company had yesterday surged to Rs 779 in intra-day trading following reports saying Schroders, Blackstone and US-based Capital submitted offers for buying a small stake in its mutual fund business.
GAIL drops despite better Q4 results, even an over 66 per cent rise in net profit for the fourth quarter failed to boost state-owned GAIL (India) stock, which dropped 4.16 per cent to Rs 281.
The public sector undertaking posted 66.33 per cent rise in net profit at Rs 680.73 crore in the quarter ended March 31, as against Rs 409.26 crore in the corresponding period a year ago.
Dena Bank spurts on CanBank take-over moves Dena Bank's shares jumped 6.51 per cent to Rs 36.85 on reports that state-run Canara Bank is contemplating a takeover.
Canara Bank has reportedly appointed Ernst and Young to explore the possibility of acquiring Dena Bank.
The chairmen of the public sector banks are expected to meet shortly.
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