Latest Equity News: Adani Power Board Approves Raising Equity/Bonds

Adani Power Ltd is currently trading at Rs. 32.4, up by Rs. 0.7 or 2.21% from its previous closing of Rs. 31.7 on the BSE. The stock is currently trading above its 50 DMA.

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Adani Power Ltd has announced that in continuation of Outcome of Board Meeting dated May 03, 2016, the Board has also accorded approval for looking approval of the shareholders at the ensuing annual general meeting - to raise funds by issue of Equity Shares / convertible Bonds through Qualified Institutional Placement [QIP] / GDR / ADR / FCCBs / FCEBs / Convertible Securities for an aggregate sum upto Rs. 10,000 Crores and to issue Secured / Unsecured Redeemable Non-Convertible Debentures on private placement basis within the overall borrowing limits of the Company.

Equity Tips LIVE Sensex, Nifty end lower

Market closing at 3:30 pm: Stock market has ended lower. Sensex was down 169.65 points & Nifty slipped 43.90 point.

Top Gainer: GAIL, Hindalco, BHEL, Maruti and Hero MotoCorp 

Top Loser: ICICI Bank, Dr Reddy's Labs, Bharti Airtel, Adani Ports and SBI 

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About 1291 shares have advanced, 1313 shares declined, and 115 shares are unchanged.  

Stock Cash Tips LIVE: Bajaj Auto April sales down 2%

Bajaj Auto's sales fell 2 percent to 3.3 lakh units in April, contrasted with 3.36 lakh units in the same month last year.

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Bajaj Auto Stock Price: On May 02, 2016, at 09:58 hrs Bajaj Auto was quoting at Rs 2476.05, down Rs 8.55. The 52-week high of the share was Rs 2655.00 and the 52-week low was Rs 1913.80.

The company's trailing 12-month (TTM) EPS was at Rs 119.95 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 20.64. The latest book value of the organization is Rs 369.50 per share. At current value, the price-to-book value of the organization is 6.70.