Jain Irrigation Systems, a leading manufacturer of irrigation systems, pipes & fittings and plastic sheets, witnessed a surge in share price on Wednesday (April 19) after the company announced acquisition of two US based micro-irrigation dealers. The company has agreed to acquire 80 percent stake in Agri-Valley Irrigation Inc (AVI) and Irrigation Design and Construction Inc (IDC) for $48.50 million.
“The merger will help Jain Irrigation to forward integrate itself in the value chain and build direct relationships with growers. This fits into company’s strategy to participate in end to end project solutions to harness company’s unique capabilities in integrated irrigation project solutions,” the company said.
Jain Irrigation witnessed a huge buying interest in the stock market following positive news update. The stock jumped 8.50 percent to settle at Rs. 107.90 on Wednesday. The volume of shares spiked 8.5 times over the past 30-days average.
Heckyl news engine issued news alerts about aforesaid acquisition at 11:16 am on April 19 immediately after the company issued notification to the Bombay Stock Exchange (BSE). The news alert was issued ahead of major price action. At 11:16 am, the stock price was at Rs. 102.05. Read the rest of this entry »
Bhushan Steel, one of the leading players in the Indian steel industry, jumped to a 52-week high on Monday after the media reports stated the company submitted final proposal for corporate debt restructuring programme.
According to media reports, Bhushan Steel submitted final proposal for debt restructuring under the Reserve Bank of India’s Scheme for Sustainable Structuring of Stressed Assets (S4A) scheme in the last month. S4A was unveiled by the central bank last year to make debt recasts easier.
Bhushan Steel has been in financial distress. The steel maker had Rs 44,477.90 crore debt on books at the end of fiscal year 2015-16.
On Monday, shares of Bhushan Steel rallied 13.46 percent to settle at Rs 68.30 on the NSE.
Wockhardt was in action on Monday after the drug maker said the US health regulator agreed to abridged clinical trials for antibiotic being developed by the company. Wockhardt recorded a jump of 6.46 percent in share price on Monday.
The company is developing superdrug antibiotic WCK 5222. The drug is expected to be a life-saving therapy for serious hospital acquired infections. The aforesaid US FDA approval will help Wockhardt to speed up phase III clinical trials for the drug.
To spot opportunities in the today’s fast-paced stock markets, day traders need access to advanced trading tools such as 15-minutes built up screen. It detects intra-day bullish/ bearish trend for a stock or an index futures by monitoring open interest (OI), price and volume every 15-minutes. By using 15-minutes built up screen, traders can identify where the short or long positions are created in real-time. It can help traders to make timely entry and exit from long or short positions.
The advent of new technologies such as artificial intelligence and automated trading have turned the stock markets into a battlefield. As a trader, you need to be prepared just as any soldier before going into combat in the market. Therefore, it is important for you to use the right trading platform and tools in order to survive in today’s fast paced markets.
To empower traders with the best in class tools, Heckyl launched next generation trading platform. Heckyl has integrated real-time market data, news and financial analytics to develop comprehensive platform for trading in cash, futures and options. Here are the 10 essential trading tools, integrated in our platform, to make you a pro trader:
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Dynamic and lightning fast watch list
For a trader, it is important to stay alert and keep a watch on the market data to spot opportunities. Heckyl offers reliable and exhaustive market data with analytics in real-time. You can track stocks, futures and options in highly customized watch list. 9 pre-set watch lists allow you to monitor stocks across different levels of market capitalization.
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In today’s global economy, stock market bubbles are a part of life. Bubbles now inflate and deflate much more often than in the past. Free flow of money across markets and wider dissemination of information are partly responsible for formation of bubbles. It is created when the surge in asset price is not justified by its fundamentals. It burst with collapse in asset price when market sentiment turns.
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Traders and investors are always interested to know where the markets are heading. News, which is a big driver for the markets, can help such traders and investors. By keeping a tab on news flow, they can measure temperature of the market, identify patterns and form their strategies. However, vast amount of today’s information is making it increasingly difficult to monitor relevant news items and assess its positive/ negative impact on the market.
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