Prime Urban Development India Ltd (521149)-A MultiBagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks

Prime Urban Development India Ltd    closes at  `33.65  with a  Gain l    of  +19.80  %  on    17  Feb  2017   with formation of  a  Long Bullish   Candle    on Daily  Price Chart. Technically Prime Urban Development India Ltd   is entering into a Long Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.

We Recommend to Buy/  Accumulate Prime Urban Development India Ltd  at CMP   

Target : `51.20/70/106

Stop: Loss : `27.60

Time Frame: 1-12Months

 • Prime Urban Development India Ltd  (521149) is making a  Multibagger pattern on Charts.

 You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Multibaggers

We have earmakred few multibaggers & working on it. Updates will be published shortly.

Sl  No.	Stocks	BSE/NSE Code
1	Alufluoride Ltd	524634
2	Godavari Drugs Ltd	530317
3	Samrat Pharmachem Ltd	530125
4	Rana Sugars Ltd	RANASUG
5	Shri Keshav Cements & Infra Ltd	530977
6	Sika Interplant Systems Ltd	523606
7	Welspun Enterprises Ltd	WELENT

You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Mega merger : SBI and its associates & Merger Ratios of Shares

In a major development on Wednesday evening, Union Finance Minister, Arun Jaitley announced that the Union Cabinet has finally cleared merger of SBI and its associate banks.
The cabinet has approved mega merger of State Bank of India (SBI) with its five associate banks. The merger will add to the strength of SBI with assets of about Rs 23 lakh crore. SBI roughly comprises of one-fourth of the Indian banking system with an additional capital base of about Rs 4 lakh crore.
As per the approved merger ratios for each of the banks, the scheme provides for allotment as below:
28 equity shares of SBI for every 10 equity shares of State Bank of Bikaner and Jaipur.
22 equity shares of SBI for every 10 equity shares of State Bank of Mysore.
22 equity shares of SBI for every 10 equity shares of State Bank of Travancore.
4,42,31,510 equity shares of SBI for every 100 crore equity shares of Bhartiya Mahila Bank.
The share price of SBI has fallen by 0.68 per cent on bourses; and closed at Rs 268.65 in an intraday basis on Wednesday.
Source :  http://www.dsij.in/article-details/articleid/18529/watch-out-sbi-and-its-associates-tomorrow-jaitley-clears-mega-merger.aspx#sthash.5L3nxmCy.dpuf