SAT reduces Sebi’s penalty on Zenith Birla to ₹25 lakh in GDR manipulation case

Sebi on Tuesday levied fines totalling Rs 20 lakh on PVR Murthy in the manipulation of global depository receipts (GDR) of Birla Cotsyn (India) Ltd and Zenith Birla (India) Ltd (now known as Zenith Steel Pipes & Industries).

Sebi penalises PVR Murthy in GDR manipulation of Birla Cotsyn, Zenith Birla

It is the level and curvature of the yield curve that contains info on market expectations on economic prospects and inflation, says paper authored by Deputy Governor M D Patra and others

Sebi penalises Yashovardhan Birla, 6 others in Zenith Birla GDR case

HBL Power, Elecon Engg Co, Zenith Birla, Empyrean Cashews Ltd. and Hindustan Motor, hit their fresh 52-week highs at 11:20AM.

Stock market update: Stocks that hit 52-week highs on NSE

Cracking the whip in a GDR manipulation case related to Zenith Birla (India) Ltd, Sebi on Tuesday barred six individuals and seven entities from the securities market for varying periods

Zenith Birla GDR manipulation case: Sebi bans 7 entities, 6 individuals

Besides, High Blue Sky Emerging Market Fund, Pan Asia Advisors Ltd, Mukesh Chauradiya, India Focus Cardinal Fund and P V R Murthy have been barred from the securities market for two years.

Zenith Birla GDR manipulation case: Sebi bans 7 entities, 6 individuals from securities mkt

Zenith Birla Standalone March 2019 Net Sales at Rs 34.71 crore, up 1.14% Y-o-Y

In terms of bank's revised policy in line with the regulatory guidelines, we place Zenith Birla (India) Ltd and Sona Alloys Pvt Ltd for sale to ARCs/banks /NBFCs/FIs, said SBI.

SBI, UCO Bank look for buyers to clear-off Rs 1,245 crore NPA

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Zenith Birla (India) Limited is engaged in the provision of steel pipes. It's products include electric resistance welded (ERW) Pipes, Hollow Sections, Pre-Gal Pipes and Sections, and Spiral Pipes.