Shree Ram EPC will convert the debt of 1280 crore rupees into equity. It will issue the the preferential share of 265 crore to the holding company SVL. This good news made a big positive impact to the stock of Shree Ram EPC and the company stock is currently trading with the hike of 11.37%. Coal India has got approval from the board the buy back the company’s shares. The Government has approved the buy back of 25% of the capital, through which the Government will raise 3000-3500 crore rupees.
Buy Shree Ram EPC above: 28.44 Targets: 28.54 — 28.65 — 28.76 Stoploss : 28.33
Sell Coal India below: 315.06 Targets: 310.80 — 306.40 — 302.04 Stoploss : 319.52
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