6 Sep 2017

Corporate news: ITC, Indian Hotels

In the corporate sector, ITC announced a price rise for its premium cigarettes of 20% to absorb the extra tax due to GST. The company also announced that it intended to enter the Healthcare sector by establishing a multi-specialist hospital. Indian Hotels announced a rights issue to raise about $240mil in additional capital. The dilutive effect will depend on the proportional distribution of the proceeds between debt reduction and new investment.


  1. Bharat Financial Inclusion, Future Enterprises, Future Retail, Future Consumer, Jyoti Structures, Kamat Hotels, Federal Mogul, Jain Irrigation, Bajaj Finance and Bombay Dyeing rallied up to 6 percent.capitalstars

  2. CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 29900 RESIST 1: 29700 SUP 1: 29350 SUP 2: 29150
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