GAGA Share Market News

[hfe_template id='11223'] [ad_1] MTNL shares zoomed 10.3% in early trade to their day’s high of Rs 57.56 on the BSE on Monday, February 10 after the Union Cabinet approved an additional Rs 6,000 crore funding for Bharat Sanchar Nigam (BSNL) to support its 4G expansion. The funds will address a shortfall in planned capital expenditure for BSNL and its subsidiary, Mahanagar Telephone Nigam (MTNL). Officials aware of the details told ET that the proposal was approved at the February 7 Cabinet meeting. ET had reported first about the government plan in its September 4 edition. BSNL, which is also managing the operations of MTNL in Delhi and Mumbai, has been losing customers due to lack of pan-India 4G services. The state-run firm managed to add customers for 3-4 months after private telcos increased tariffs in July last year but has now reverted to losing users. The companies hope to minimise the users attrition once the 4G services are rolled out across the country. BSNL is...

[hfe_template id='11223'] [ad_1] The Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25% returns. Antony Waste Handling Cell was the top gainer in the smallcap pack with 49.4% return, followed by MTNL (40%), Bhagiradha Chemicals and Industries (35.4%), and PC Jewellers (27.5%). About 12 stocks including Indian Hume Pipe, GHCL Textile, Thyrocare Technologies, Associated Alcohols, Associated Alcohols, RSWM, Ambika Cotton Mills, IFCI among others have offered returns between 20-25% during the week. In the midcap segment, five stocks including IDBI Bank, Indian Hotels, Hindustan Petroleum Corp, among others have risen in double digits. While IDBI Bank has gained 17.21%, Indian Hotels and Hindustan P...