Stocks Ahead

Indian share markets witnessed selling pressure in Thursday’s afternoon session.
BSE sensex closed lower by 150 points (0.44%) at 33,686 and NSE Nifty finished their trading in red by 51 points (0.49%) at 10,360.
Tata Company: Tata companies chief ethic officer Mukund Rajan resigns his post today for personal reasons.
It was mutually accepted by the board and he will leave the services on March 31st 2018.
His services include in telecommunication sector, private equity space and branding strategy.
Recently, Tata sons has received dividends worth Rs.6,853 crore from TCS and it spruce up their share value, later they sold it.
In coming days, Tata group shares will fall back again due to Mukund Rajan resignation and it may have some possibilities to lose their value in market when they reinvest in TCS stakes.
Himadri: The shares of Kolkata based chemical manufacturing company Himadri, rose as much as 2.91% at Rs.157.20.
The company will be planning to set up a new plant in West Bengal to expand its carbon black business and they invest Rs.1000 crore for their integrated plant.
This expansion will generate revenue of Rs.2500-3000 crore and they have outstanding debt of around Rs.734 crore.
The domestic demand for the carbon black will increase and himadri special company lead a major role.
Himadri shares are looking to scale up their position and slowly expand their wings in market.
It provides moderate return to their investors in coming days.

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