Today's Stock Optios Tips

The market has opened flat ahead of crucial Brexit vote. The Sensex is down 0.55 points at 26812.23, and the Nifty is down 2.05 points at 8217.85. About 486 shares have advanced, 203 shares declined, and 36 shares are unchanged. For more Stock Option Tips give a missed call@ 78-79-88-11-22

          Ambit retains buy on Magma Fincorp; bets on RoA, RoE improvement

After having a recent management interview, the brokerage says it expects Magma's RoE to improve to 14 percent by FY18 driven by ongoing restructuring improving operational efficiencies, declining funding cost, and under-control asset quality.

         Govt okays Rs 58 cr to mitigate NH-17 widening impact on KBS

"NHAI has approved an estimate of Rs 58.16 crore to mitigate impacts on wildlife in Karnala Bird Sanctuary (KBS) for widening of part of Panvel-Indapur section of NH-17. This section constitutes direct connectivity from Mumbai to Goa," Road Transport and Highways Ministry said in a statement.

            Mahanagar Gas IPO oversubscribed 1.10 times on Day 1

 The Rs 1,040 crore-IPO received bids for 1,90,59,250 shares against the total issue size of 1,73,46,150 shares, data available with the NSE till 1700 hrs showed.
             Mulling more health & nutrition products in India: Nestle

 FMCG major Nestle India is considering to expand health and nutrition products offering in the domestic market, leveraging on its parent's global portfolio.
          USL seeks shareholders' nod again to report sick to BIFR

 "The accumulated losses of the company as on March 31, 2016, is greater than 50 percent of the peak net worth in the immediately preceding four financial years (Rs 5,849.62 crore)," the company said in a notice to shareholders.
         Linkage auctions key for Coal India, to offset wage hikes: Citi

The research report discounts a weak volume outlook for Coal India, reckoning that the UDAY scheme, along with with forward e-auctions, and rationalisation of high-grade prices should help tick up volumes. Morgan Stanley, meanwhile, is underweight on company.
           Trade unions slam govt's FDI policy initiatives

 AITUC Secretariat condemned the full open door FDI policy for defence, aviation and retail trade and six other sectors including pharmaceutical, the union said in a statement.