HPCL jumps on raising Rs 600 crore via debentures

Hindustan Petroleum Corporation is currently trading at Rs. 244.70, up by 2.45 points or 1.01% from its previous closing of Rs. 242.25 on the BSE.

The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 246.15 and Rs. 241.50 respectively. So far 106406 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.45 on 03-Jun-2019 and a 52 week low of Rs. 211.35 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 251.00 and Rs. 240.00 respectively. The current market cap of the company is Rs. 37249.84 crore.

The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 39.96% and 8.93% respectively.

Hindustan Petroleum Corporation (HPCL) has issued Un-secured, Redeemable, Non-Convertible, Non-Cumulative, taxable, Debenture of Rs 10,00,000 each aggregating to Rs 600 crore on private placement basis on January 28, 2020 for General Corporate Purpose of the company. The date of maturity is April 12, 2023.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

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IndiGo trades in green on the BSE

Interglobe Aviation is currently trading at Rs. 1507.20, up by 6.25 points or 0.42% from its previous closing of Rs. 1500.95 on the BSE.

The scrip opened at Rs. 1500.95 and has touched a high and low of Rs. 1513.05 and Rs. 1490.05 respectively. So far 22519 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1911.00 on 23-Sep-2019 and a 52 week low of Rs. 1078.85 on 27-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1513.20 and Rs. 1427.00 respectively. The current market cap of the company is Rs. 57965.71 crore.

The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 20.99% and 4.15% respectively.

InterGlobe Aviation (IndiGo) is all set to launch daily direct flights between Delhi and Bangkok, effective March 29, 2020. Currently IndiGo serves two Thai destinations - Bangkok and Phuket. Increasing its presence from Delhi, Bangkok will be the 14th international destination connected with the Capital city.

These flights will cater to the growing demand on the sector, with Thailand being one of the favourite international destination for Indian travellers.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

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Yes Bank zooms on selling 2.08% stake of SICAL Logistics

Yes Bank is currently trading at Rs. 41.10, up by 2.65 points or 6.89% from its previous closing of Rs. 38.45 on the BSE.

The scrip opened at Rs. 38.65 and has touched a high and low of Rs. 41.35 and Rs. 38.35 respectively. So far 4894875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 29.05 on 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 41.35 and Rs. 37.20 respectively. The current market cap of the company is Rs. 10418.68 crore.

The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.

Yes Bank has sold 12,20,001 equity shares having nominal value of Rs 10 each, constituting 2.08% of the paid-up share capital of SICAL Logistics (SICAL) in various tranches, last being on January 22, 2020 resulting into a change in holding of the Bank by more than 2% of the total shareholding of SICAL.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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ICICI Prudential Life Insurance shines on reporting marginal rise in Q3 consolidated net profit

ICICI Prudential Life Insurance is currently trading at Rs. 504.25, up by 15.25 points or 3.12% from its previous closing of Rs. 489.00 on the BSE.

The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 504.50 and Rs. 489.00 respectively. So far 39801 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 537.50 on 13-Nov-2019 and a 52 week low of Rs. 277.95 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 505.40 and Rs. 478.70 respectively. The current market cap of the company is Rs. 70959.82 crore.

The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 18.82% and 6.20% respectively.

ICICI Prudential Life Insurance Company has reported a rise of 1.92% in its net profit at Rs 302.46 crore for the quarter ended December 31, 2019 compared to Rs 296.77 crore for the same quarter in the previous year. Total income of the company increased by 49.70% at Rs 12,946.62 crore for Q3FY20 as compared Rs 8,648.28 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 1.80% in its net profit at Rs 301.77 crore for the quarter ended December 31, 2019 compared to Rs 296.43 crore for the same quarter in the previous year. Total income of the company increased by 49.70% at Rs 12,946.62 crore for Q3FY20 as compared Rs 8,648.28 crore for the corresponding quarter previous year.

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TCS inches up on the BSE

Tata Consultancy Services is currently trading at Rs. 2174.65, up by 4.40 points or 0.20% from its previous closing of Rs. 2170.25 on the BSE.

The scrip opened at Rs. 2174.95 and has touched a high and low of Rs. 2185.00 and Rs. 2160.00 respectively. So far 23263 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2296.00 on 03-Sep-2019 and a 52 week low of Rs. 1874.00 on 23-Jan-2019.

Last one week high and low of the scrip stood at Rs. 2254.20 and Rs. 2156.70 respectively. The current market cap of the company is Rs. 817832.25 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 24.00% and 3.95% respectively.

Tata Consultancy Services (TCS) has been named a leader in the inaugural Everest Group PEAK Matrix for Life Sciences Data and Analytics Services for Sales and Marketing Services. The report cites the company’s consulting-led approach and broad portfolio of solutions across the life sciences value chain, as key strengths.

The report highlights the company's data and analytics-focused platform solutions such as the Cognitive Commercials Intelligent Platform and the Real World Evidence Platform. The report also mentions the company’s investments in developing its life sciences interactive practice that provides marketing agency services for life sciences customers, and in a state-of-the-art Digital Lab that embraces emerging digital technologies to build next gen solutions.

Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

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Biocon gains on the BSE

Biocon is currently trading at Rs. 290.80, up by 0.35 points or 0.12% from its previous closing of Rs. 290.45 on the BSE.

The scrip opened at Rs. 293.80 and has touched a high and low of Rs. 293.80 and Rs. 290.20 respectively. So far 34283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 341.43 on 25-Jan-2019 and a 52 week low of Rs. 211.30 on 20-Aug-2019.

Last one week high and low of the scrip stood at Rs. 293.80 and Rs. 279.75 respectively. The current market cap of the company is Rs. 34860.00 crore.

The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 21.64% and 17.70% respectively.

US Food and Drug Administration (USFDA) has completed Pre-Approval inspection at Biocon’s subsidiary -- Biocon Pharma’s Oral Solid Dosage manufacturing facility with Zero Observations. The inspection of the Bengaluru facility, which took place between January 13 and January 17, 2020, concluded with zero observations and no Form 483 was issued

Biocon is India’s largest and Asia’s leading Biotechnology Company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation-driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.

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Reliance Industries spurts as its telecom arm adds 56.08 lakh subscribers in November

Reliance Industries is currently trading at Rs. 1568.15, up by 30.45 points or 1.98% from its previous closing of Rs. 1537.70 on the BSE.

The scrip opened at Rs. 1551.15 and has touched a high and low of Rs. 1571.55 and Rs. 1551.15 respectively. So far 157405 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1617.80 on 20-Dec-2019 and a 52 week low of Rs. 1095.65 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1571.55 and Rs. 1519.00 respectively. The current market cap of the company is Rs. 993260.98 crore.

The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 38.31% and 11.65% respectively.

Reliance Industries’ (RIL) telecom arm Reliance Jio Infocomm (Jio) has added 56,08,668 customers in November 2019. Following this, the company’s total customer base has increased to 36.99 crore with market share of 32.04% in terms of Wireless Subscribers as on November 30, 2019.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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Gold prices today fall for second day, down ₹2,000 per 10 gram in about a week

Gold rates in India had hit a record high last week.

But gold has seen a sharp fall thereafter amid ebbing of US-Iran tensions and optimism ahead of signing of US-China trade deal.

Gold and silver prices continued their recent slide in India. On MCX, February futures were down 0.51% to ₹39,345 per 10 gram, tracking a decline in global rates. Silver prices on MCX fell 0.82% to ₹46,060 per kg. Gold prices have seen a sharp fall after hitting a new high of ₹41,293 in the previous week. "De-escalation of US-Iran tensions and rising optimism over the US-China trade deal have reduced the risk premium on gold," said Abhishek Bansal, chairman of ABans Group of Companies.

In global markets, gold prices dropped sharply today as the risk appetite increased after the US dropped China's designation as a currency manipulator ahead of an interim deal signing between the two countries. Global equities rallied to new highs, pushing spot prices down 0.7% to $1,537.67 per ounce.

A top US official said details of the trade deal will be public on Wednesday, just prior to a signing ceremony. Also weighing on gold is a steady dollar, making gold expensive for holders of other currencies.

The dollar is gaining strength and also weighing on gold prices, said Mr Bansal.

Among other precious metals, silver prices declined 1% to $17.79 per ounce, while platinum slipped 0.6% to $967.78.

Gold may witness profit booking as expectations of an interim trade deal signing between the US and China boosted the dollar and dented some of bullion's safe-haven appeal, SMC Global Securities said in a note.

Back in India, the commerce ministry has sought a significant reduction in the import duty on gold in the forthcoming budget, news agency Press Trust of India reported, citing sources. Gold prices in India includes 12.5% import duty and 3% GST.

The latest tranche of sovereign gold bonds (2019-20 - Series VIII) has opened for subscription. The issue closes on 17th January. It is priced at at ₹4,016 per gram of gold. Investors applying online and making payment online get a discount of ₹50 per gram. So for such investors, the issue price of gold bond will be ₹3,966 per gram of gold. In terms of taxation, capital gains at maturity is tax-free. This is an exclusive benefit available on gold bonds.

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Share market update: BSE Smallcap index rises; Plastiblends skyrockets 19%

The BSE Smallcap index was trading in the green in Monday's morning session.

Shares of Plastiblends IndiaNSE 18.26 % (up 18.92 per cent), Oswal Greentech (up 16.6 per cent), Bharat Road (up 14.94 per cent), GNA (up 13.6 per cent), BPL (up 12.98 per cent), Mangalam Organics Ltd (up 9.99 per cent), N R Agarwal Industries (up 9.54 per cent), Insecticides (India) (up 8.57 per cent), Centrum CapitalNSE 8.63 % (up 8.47 per cent) and Deccan Gold Mines (up 8.29 per cent) were among the top gainers.

While Suzlon EnergyNSE -7.69 % (down 9.89 per cent), Moschip Technologies (down 5.86 per cent), Shakti Pumps India (down 5.73 per cent), B.L.Kashyap and Sons (down 5.31 per cent), Marathon (down 5.04 per cent), Adani Green (down 5.0 per cent), Reliance Naval and Engineering (down 4.99 per cent), Reliance Home (down 4.92 per cent) and Coffeeday Enterprises (down 4.92 per cent) were the top losers in the index.

The S&P BSE SmallCap index was trading 0.74 per cent up at 14252.69 around 11:26 am.

Benchmark NSE Nifty-50 index was up 75.85 points at 12332.65, while the BSE Sensex was up 286.49 points at 41886.21.

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Tata Steel moves up on registering marginal increase in production volume to 4.46 MT in Q3FY20

Tata Steel is currently trading at Rs. 488.25, up by 5.25 points or 1.09% from its previous closing of Rs. 483.00 on the BSE.

The scrip opened at Rs. 484.30 and has touched a high and low of Rs. 491.30 and Rs. 479.95 respectively. So far 333955 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.35 on 02-May-2019 and a 52 week low of Rs. 320.30 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 491.30 and Rs. 467.00 respectively. The current market cap of the company is Rs. 58700.82 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 43.89% and 22.01% respectively.

Tata Steel has registered a marginal 1.8 percent increase in production volume in India to 4.46 million tonnes (MT) (provisional) in the third quarter of the ongoing fiscal (Q3FY20). The company’s production volume was at 4.38 MT (actual) in the year-ago period. The company’s sales volume in Q3FY20 increased by 17 percent quarter-on-quarter (Q-o-Q) with improved market sentiment. Sales volume to auto segment was maintained during the quarter.

The branded product and retail segment grew 23 percent Q-o-Q, while industrial products and projects grew 12 percent Q-o-Q. Tata Steel Europe's 3QFY20 production and sales volume was flattish on Q-o-Q basis. Tata Steel South East Asia operations registered lower production volume Q-o-Q due to continued sluggishness in Singapore and Thailand markets.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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Share market update: Nifty Services sector index gains; Indiabulls Housing climbs 6%

The Nifty Services sector index was trading on a positive note in Thursday's morning session.

Shares of IndiabullsNSE 2.79 % Housing Finance Ltd (up 6.37 per cent), LIC Housing FinanceNSE 4.42 % (up 3.92 per cent), Federal Bank (up 3.91 per cent), RBL Bank (up 3.9 per cent), Zee EntertainmentNSE 3.46 % (up 3.38 per cent), IndusInd Bank (up 3.3 per cent), ICICI Bank (up 2.98 per cent), State Bank of IndiaNSE 3.11 % (up 2.72 per cent), Axis Bank (up 2.31 per cent) and Bajaj Finserv (up 2.24 per cent) were among the top gainers.

While Tata ConsultancyNSE -1.63 % (down 1.7 per cent), HCL Technologies (down 0.5 per cent), Wipro (down 0.35 per cent), NTPC (down 0.25 per cent), GAIL (India) (down 0.16 per cent) and Petronet LNG (down 0.07 per cent) were the top losers in the index.

The Nifty Services Sector index was trading 1.31 per cent up at 17502.6 around 11:48 am.

Benchmark NSE Nifty-50 index was up 158.75 points at 12184.1, while the BSE Sensex was up 540.58 points at 41358.32.

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Bharti Airtel trades higher on the BSE

Bharti Airtel is currently trading at Rs. 446.40, up by 1.05 points or 0.24% from its previous closing of Rs. 445.35 on the BSE.

The scrip opened at Rs. 435.40 and has touched a high and low of Rs. 447.50 and Rs. 435.40 respectively. So far 3466 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 485.75 on 02-Dec-2019 and a 52 week low of Rs. 269.25 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 459.35 and Rs. 435.40 respectively. The current market cap of the company is Rs. 228551.92 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 35.53% and 1.74% respectively.

Bharti Airtel has inked a pact with Tamil superstar Rajinikanth's upcoming flick 'Darbar', offering a host of features to customers. As per the tie-up, Airtel customers would be able to participate in an interactive quiz on the Airtel Xstream application and also get an opportunity to win movie tickets besides meeting the cast and crew. The company has also unveiled limited edition 'Darbar' branded SIM pouch and prepaid packs offering unlimited calling and roaming benefits with data.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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JK Tyre shines on expecting around 50% growth in exports during FY20

JK Tyre & Industries is currently trading at Rs. 75.10, up by 2.50 points or 3.44% from its previous closing of Rs. 72.60 on the BSE.

The scrip opened at Rs. 75.50 and has touched a high and low of Rs. 79.30 and Rs. 74.70 respectively. So far 90992 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 106.30 on 07-Jan-2019 and a 52 week low of Rs. 53.55 on 06-Aug-2019.

Last one week high and low of the scrip stood at Rs. 79.30 and Rs. 72.25 respectively. The current market cap of the company is Rs. 1859.04 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 5.05% and 38.73% respectively.

JK Tyre & Industries is expecting exports to grow around 50 percent in the ongoing fiscal (FY20) to clock over Rs 800 crore, which along with domestic replacement market will help offset the decline in direct sales to automobile makers.

Due to the ongoing slump in the Indian automobile sector, the company has seen a contribution from the Original Equipment Manufacturer (OEM) segment to its overall sales decline to around 20 percent from an earlier 32-33 percent.

JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.

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Lupin trades higher on the bourses

Lupin is currently trading at Rs. 779.25, up by 4.30 points or 0.55% from its previous closing of Rs. 774.95 on the BSE.

The scrip opened at Rs. 776.35 and has touched a high and low of Rs. 780.60 and Rs. 770.10 respectively. So far 11755 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 887.70 on 04-Feb-2019 and a 52 week low of Rs. 646.20 on 07-Oct-2019.

Last one week high and low of the scrip stood at Rs. 780.10 and Rs. 759.05 respectively. The current market cap of the company is Rs. 35034.60 crore.

The promoters holding in the company stood at 46.96%, while Institutions and Non-Institutions held 38.99% and 14.05% respectively.

Lupin’s Ankleshwar facility has won the gold award at the 9th annual conference on quality management, organised by the American Society for Quality (ASQ) at Ahmedabad on November 22, 2019. The nomination case study submitted for this award summarised the transformation project to improve the yield and quality of company’s Cefadroxil products. This is the fourth consecutive year that Lupin's Ankleshwar facility has won the Gold Award from the American Society for Quality.

This year company's nomination highlighted the key outcomes of its ‘Cefadroxil Yield and Quality Improvement’ project, in the past three years, the company won the award for projects that focused on ethambutol yield improvement (2018), 7AE yield improvement (2017) and 7ACCA yield improvement (2016).

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

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