DSIJ Mindshare

Leading dredging company Mercator has sold its very large crude carrier Nerissa (VLCC), which was built in 2006, for a total net consideration of USD 27.5 million. The company said that the proceeds from this sale will be utilised to bring down its debt and other liabilities.

The stock of JSW Steel Limited gave a consolidation breakout on the daily time frame along with robust volumes.

ICICI Prudential Life Insurance Company was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

For the last quarter of FY19, the Godrej Properties reported strong set of numbers across the board. The company’s consolidated total income for the quarter jumped more than 130 per cent yoy to Rs. 1,200 crore.

The stocks that are likely to witness significant movement on the bourses on May 1 are Subex, Kotak Mahindra Bank, NTPC, Exide Industries and Britannia