Monday, 8 September 2014

Daily Free Equity Market Updates on Mobile

Shares of India's logistics firms gain ahead of the listing of rival cold storage company Snowman Logistics in the next few weeks.Gati jumps 6.6 percent, Container Corp of India gains 1.6 percent,Balmer Lawrie and Co advances 1.6 percent.

Snowman's initial public offer was subscribed 59.75 times, NSE data shows.Container Corp trades at20.8 times of its 12-month forward earnings as per Reuters data, while Snowman's IPO is likely to be priced at around 29 times, traders add.

NSE index futures on the Singapore Exchange up 0.3 percent.Overseas investors bought Indian sharesworth 3.10 billion rupees ($51.33 million) on Friday, exchange data shows.The MSCI-Asia Pacific excluding Japan index down 0.1 percent.Asian shares got off to a cautious start on Monday on weak
U.S. jobs data.

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1 comment:

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