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MUMBAI: of India’s management was in such a good mood today they decided it will be fun to pick on the analysts in their conference call. Perhaps, it was the relief that they finally got the Indian Railways to settle the dispute over the land lease licence that brought the sassiness out in them.
Sassiness aside, the management also said that the company has cleaned up its accounts to prepare themselves for the eventual divestment that the government has scheduled for them. Of course, some in the market were irked with the attitude, but who cares when the stock shot up 8 per cent in the session.
SBI leapfrogs Kotak Bank
Come on, you guys. We have to talk about SBI again even if we talked about them on Thursday and on Friday. It’s not every day that they get to hog the spotlight.
The state-owned lender’s stock jumped another 3 per cent today and took over the blue-eyed boy of Indian banking in the process. Fun fact: two weeks ago, SBI’s market value was Rs 33,000 crore behind that of the Uday Kotak-led bank. Today, its market capitalization stands Rs 20,000 crore higher than the private sector lender. Some comeback, eh?
Pi-Delight!
SBI is not the only one raising a toast to its market capitalization swelling in the past few weeks. had much to celebrate about on a dreary Monday for Dalal Street as the company’s market capitalization crossed the Rs 1 lakh crore mark for the first time ever. Clearly, the Sunil Singhania versus Saurabh Mukherjea debate on the stock’s price-to-earnings did not dampen the company’s big day on the Street.
Small time to big time
Elecon Engineering’s stock surged 12 per cent and don’t act like you know the company! The buzz on the Street is that a big infrastructure fish is ready to eat this small infrastructure fish over a five-course dinner in the coming days. A look at the number of large trades that took place on the stock today suggests some ‘Seth’ or ‘Seths’ may already know more than you and I.
Now keep that to yourself and go home.
Sassiness aside, the management also said that the company has cleaned up its accounts to prepare themselves for the eventual divestment that the government has scheduled for them. Of course, some in the market were irked with the attitude, but who cares when the stock shot up 8 per cent in the session.
SBI leapfrogs Kotak Bank
Come on, you guys. We have to talk about SBI again even if we talked about them on Thursday and on Friday. It’s not every day that they get to hog the spotlight.
The state-owned lender’s stock jumped another 3 per cent today and took over the blue-eyed boy of Indian banking in the process. Fun fact: two weeks ago, SBI’s market value was Rs 33,000 crore behind that of the Uday Kotak-led bank. Today, its market capitalization stands Rs 20,000 crore higher than the private sector lender. Some comeback, eh?
Pi-Delight!
SBI is not the only one raising a toast to its market capitalization swelling in the past few weeks. had much to celebrate about on a dreary Monday for Dalal Street as the company’s market capitalization crossed the Rs 1 lakh crore mark for the first time ever. Clearly, the Sunil Singhania versus Saurabh Mukherjea debate on the stock’s price-to-earnings did not dampen the company’s big day on the Street.
Small time to big time
Elecon Engineering’s stock surged 12 per cent and don’t act like you know the company! The buzz on the Street is that a big infrastructure fish is ready to eat this small infrastructure fish over a five-course dinner in the coming days. A look at the number of large trades that took place on the stock today suggests some ‘Seth’ or ‘Seths’ may already know more than you and I.
Now keep that to yourself and go home.
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