Preferential issue: As board decides Den Network spurts 10%

NEW DELHI: Den Network shares saw a 10 % discharge in Friday's trade after the company said the board 
members would review & approve the plan for preferential issue of equity shares next Tuesday. 

Following the news, the stock surged 9.99 % to hit a higher of Rs 79.80 on BSE. At prevailing price, the scrip is trading below 14-day, 50-day and 200-day easy moving averages, data available with database Capitaline indicates. 

The company accused a net loss of Rs 57.31 cr for the June quarter, compared with a Rs 50.75 cr loss during the corresponding quarter last year. Sales for the quarter grew 23.95 % to Rs 236.97 crore from Rs 191.18 cr in the same quarter last year. 

In FY16, broadband subscribers for DEN Networks spread to 95,000 from 23,000 in FY15. For peer Hathway Cable & Datacom subscriber base pushed to 627,200 from 455,800 in FY15, and SITI Cable Network to 132,000 from 60,000, suggesting a growth in broadband penetration.

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Stock market : Sensex unlocked flat 11 mar, 2016

Today, the S&P BSE Sensex started flat note in morning trading even though ECB expanded stimulus but warns that it was running out of room to cut down interest rates.Click for free stock tips

The euro zone central bank on yesterday cut deposit rate by 10 basis pts to -0.4 per-cent from -0.3 per-cent & increased its monthly asset purchases volume to 80 billion from 60 billion earlier.

"Interest Rates will stay low, very low, for a long duration and well past the horizon of our purchases," Draghi told, referring to the bank's asset purchase programme, which is due to close in March 2017.

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Top Stock market headlines for 18 feb, 2016

1. PSU Bank stocks rise on budget hope, a chance to sell

2. Bank stocks crack 50%; top 5 expectations from Budget

3. Commodity updates : Mcx Gold ready to roar, crude looks up.

4. Just arrived: Quick Heal lists at 5% disc

5. Monsanto India hits 52-wk low, tanks 4%.

6. Dr Reddy's Labs, Glenmark, Just Dial, ABG Shipyard

7. Put auto and private banks in basket.

8. Debt funds with JSPL pie take a strike.

9. Avoid bets on credit opportunities funds.

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BSE Share tips : Infosys, TCS, Shares Surging 14 Jan, 2016

Two days after market leader TCS(Tata Consultancy Services) posted unimpressive numbers, Infosys  registered a sharply contrasting performance, continuing with its newely run of good fortune & posted a stellar set of numbers that blew past market observations in a traditionally weak quarter and lifted its full-year guidance.Click For Share tips

Today, Shares of Infosys surged as much as 5% in morning trading on the BSE. At 9.41am, Infosys shares trading near Rs.1127.45, went up over by 4%.

FY16 revenue was increased to 12free stocvk.8%-13.2% in constant currency terms. Actual revenue growth is estimated between 8.9-9.3%.

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Sensex, nifty, commodity updates this year 1 Jan, 2016

Year 2015 might have become washedout year for local equities, but analysts at top brokerage firms estimate the equity benchmark Sensex to re-form up to the 35,000 level, a 30 per-cent upside from yesterday's closing of 26,117.54, in the year 2016. Click For Commodity Tips

In a poll conducted by researchers among 10 brokerage firms, the majority projected Nifty-50 to grow up to 38 per-cent in the year 2016 to scale a peak of 11,000 by Dec 2016.

For this year, the index was down by over 6 per-cent amid worries over an interest rate hike by the US Federal Reserve, decrement in the value of yuan, a crash in prices of commodity such as crude & a slowdown in world wide economic growth.

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