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Research Report
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Equity Research Report: Religare Morning Digest

We uphold our view to maintain stock specific approach till consolidation continues in the benchmark index. Traders can choose stocks from banking, media and auto space for initiating long positions.
30 Dec 2014 | 07:00 AM

Corporate News: 


Larsen & Toubro (L&T) has bagged an offshore contract worth Rs. 894 crore from Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project.

IVRCL Limited is on course to completing the stake sale in three road projects and Chennai desalination plant, all located in Tamil Nadu by end of this fiscal (March 2015). This will enable the company to bring down its debt by about Rs 2,500 crore and free up Rs 600-800 crore equity.