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Srei Infra appoints KPMG as forensic auditor for its debt restructing plan

Markets may trade in a narrow range; stock-specific action likely


Markets may trade in a narrow range; stock-specific action likely
April 09, 2021
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Stocks likely to witness action today: Srei Equipment Finance, S H Kelkar, Thyrocare Technologies, Zensar, CEAT, Emkay Global, and Salora International
Indian markets are expected to trade in a narrow range with a flat opening on Friday ahead of quarterly results. Companies will start results from next week.
Global markets present mixed signals, with US markets ending firm overnight. Though Japan s Nikkei is ruling firm, others such as Korea, Australia and China are down marginally.
However, the SGX Nifty at 14,930 signals a flat opening, as Nifty futures closed at 14,924 on the NSE. With the Prime Minister ruling out a complete lockdown, Indian markets may gain strength in today s trade, said analysts. Prime Minister Narendra Modi on Thursday ruled out imposing any lockdown in the country. However, he emphasised the need to identify micro-containment zones in a mission m ....

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SREI Infrastructure Finance share hits upper circuit of 20% on receiving EoI for $250 million infusion


SREI Infrastructure Finance share hits upper circuit of 20% on receiving EoI for $250 million infusion
SREI Infrastructure Finance stock has gained after 2 days of consecutive fall. The share opened with a gain of 18.8% today
BusinessToday.In | April 9, 2021 | Updated 11:48 IST
SREI Infrastructure Finance share trades higher than 5 day, 20 day, 50 day and 100 day moving averages but lower than 200 day moving averages.
Share of SREI Infrastructure Finance hit the upper circuit of 20 percent  after the firm received expression of interest for up to $250 million capital infusion. The microcap stock has gained after 2 days of consecutive fall. 
The share opened with a gain of 18.8% today. It further rose to intraday high of Rs 7.02, rising 20%. The share trades higher than 5 day, 20 day, 50 day and 100 day moving averages but lower than 200 day moving averages. There were only buyers and no sellers for the stock today. Market cap of the firm stood at Rs 353 cro ....

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