Monday, March 23, 2020

Tata Investment Corporation surges on Tata sons' promoter acquiring stake

Tata Investment Corporation is currently trading at Rs. 773.00, up by 35.65 points or 4.83% from its previous closing of Rs. 737.35 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 773.00 and Rs. 674.00 respectively. So far 238 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1025.00 on 11-Feb-2020 and a 52 week low of Rs. 660.00 on 13-Mar-2020.


Last one week high and low of the scrip stood at Rs. 773.00 and Rs. 662.20 respectively. The current market cap of the company is Rs. 3410.12 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 4.86% and 21.75% respectively.

Tata sons’ promoter-- N. Chandrasekaran, Executive Chairman of Tata Sons has acquired 10,000 equity shares of Tata Investment Corporation at an average price of Rs 698.36 (excluding brokerage and STT) per share on March 16, 2020.

Tata Investment Corporation was formed to work as an Investment Corporation for investments in land acquisition of stocks, debentures etc. in India or elsewhere and for business of underwriting of new leave space business and also for taking over the management and control of companies.

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Friday, March 20, 2020

Karnataka Bank trades in green on the BSE

The scrip is currently trading at Rs. 46.10, up by 0.70 points or 1.54% from its previous closing of Rs. 45.40 on the BSE.

The scrip opened at Rs. 45.50 and has touched a high and low of Rs. 47.00 and Rs. 45.50 respectively. So far 38970 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.31 on 08-Apr-2019 and a 52 week low of Rs. 40.95 on 13-Mar-2020.


Last one week high and low of the scrip stood at Rs. 52.72 and Rs. 41.30 respectively. The current market cap of the company is Rs. 1417.56 crore.

The Institutions holding in the company stood at 24.49% Institutions and Non-Institutions held at 75.51% respectively.

Karnataka Bank has opened its 851th branch at Bengaluru - NTI Layout on March 19, 2020. The bank had opened its 849th Branch at Nagpur -Wardhaman Nagar and 850th Branch at Bengaluru - HBR Layout on March 06, 2020.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

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Thursday, March 19, 2020

NLC India trades in green on the BSE

NLC India is currently trading at Rs. 42.25, up by 1.30 points or 3.17% from its previous closing of Rs. 40.95 on the BSE.

The scrip opened at Rs. 40.00 and has touched a high and low of Rs. 42.75 and Rs. 39.10 respectively. So far 43900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.35 on 20-Mar-2019 and a 52 week low of Rs. 35.05 on 18-Mar-2020.

Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 35.05 respectively. The current market cap of the company is Rs. 5615.88 crore.


The promoters holding in the company stood at 80.70% , while Institutions and Non-Institutions held 15.90% and 3.40% respectively.

NLC India has received an approval to raise funds through issuance of Commercial Paper (CP) upto Rs 6,000 crore in tranches inclusive of already a proved issuance of

commercial paper limit of Rs 2000 crore. The company has also received an approval for issuance of Bonds in the nature of Debentures upto Rs 5,000 crore in tranches.

The Board of Directors of the company at its meeting held on March 18, 2020 has approved the same.

NLC India is engaged in the business of lignite mining and power generation.

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Tuesday, March 17, 2020

NTPC climbs on the BSE

NTPC is currently trading at Rs. 93.90, up by 3.15 points or 3.47% from its previous closing of Rs. 90.75 on the BSE.

The scrip opened at Rs. 90.05 and has touched a high and low of Rs. 95.45 and Rs. 88.10 respectively. So far 191171 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 01-Jul-2019 and a 52 week low of Rs. 81.50 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 104.75 and Rs. 81.50 respectively. The current market cap of the company is Rs. 94394.08 crore.


The promoters holding in the company stood at 54.14%, while Institutions and Non-Institutions held 43.39% and 2.47% respectively.

NTPC has bagged 28 awards at Corporate Communication Excellence Awards 2020 and was conferred with the ‘Champion of Champions Title’ in a grand the ceremony organised during the 14th Global Communication Conclave by Public Relations Council of India (PRCI) at Bengaluru recently.

NTPC won awards in the various categories ranging from CSR Campaign, Corporate Brochure, Public Affairs Campaign, Digital Newsletter, Films, Crisis Communications, Public Service Advertisements, Environmental Communication, Internal Communication Campaign, Wall Calendar etc. NTPC’s stations Unchahar, Simhadri, Talcher Kaniha, WR-I HQs, Mouda, Gadarwara, Singrauli, Varanasi, Bongaigaon including Corporate Centre bagged awards in various categories. More than 70 companies (both private and public) had participated in the awards.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

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Friday, March 13, 2020

Yes Bank jumps on the bourses

Yes Bank is currently trading at Rs. 26.50, up by 1.45 points or 5.79% from its previous closing of Rs. 25.05 on the BSE.

The scrip opened at Rs. 22.55 and has touched a high and low of Rs. 27.55 and Rs. 21.30 respectively. So far 9119652 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. 5.55 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 29.45 and Rs. 16.20 respectively. The current market cap of the company is Rs. 5776.82 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 enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services. People can now use other bank accounts to send payments towards Yes Bank credit card dues and loan obligations through IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and put a withdrawal cap of Rs 50,000 from its accounts with few exceptions. Last week, the central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

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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Thursday, March 12, 2020

Vodafone Idea trades higher on the bourses

Vodafone Idea is currently trading at Rs. 4.44, up by 0.10 points or 2.30% from its previous closing of Rs. 4.34 on the BSE.

The scrip opened at Rs. 4.70 and has touched a high and low of Rs. 4.70 and Rs. 4.05 respectively. So far 34749769 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.32 on 13-Mar-2019 and a 52 week low of Rs. 2.61 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 4.94 and Rs. 3.20 respectively. The current market cap of the company is Rs. 12442.42 crore.


The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 20.30% and 7.65% respectively.

Vodafone Idea has on March 06, 2020 filed its self-assessment of the AGR liabilities with the Department of Telecommunications (DoT). The self-assessment discloses the Company's AGR liabilities to aggregate Rs 21,533 crore including a principal amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020.

The company has already paid a sum of Rs 2,500 crore on February 17, 2020 and a further sum of Rs 1,000 crore on February 20, 2020 towards this liability.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

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Wednesday, March 11, 2020

Yes Bank shines on enabling IMPS, NEFT services

Yes Bank is currently trading at Rs. 26.75, up by 5.50 points or 25.88% from its previous closing of Rs. 21.25 on the BSE.

The scrip opened at Rs. 23.35 and has touched a high and low of Rs. 28.75 and Rs. 23.35 respectively. So far 14729844 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. 5.55 on 06-Mar-2020.


Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 5.55 respectively. The current market cap of the company is Rs. 6682.24 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 enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services. People can now use other bank accounts to send payments towards Yes Bank credit card dues and loan obligations through IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and put a withdrawal cap of Rs 50,000 from its accounts with few exceptions. Last week, the central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

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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Monday, March 09, 2020

BPCL trades higher on the BSE

Bharat Petroleum Corporation is currently trading at Rs. 436.45, up by 33.60 points or 8.34% from its previous closing of Rs. 402.85 on the BSE.

The scrip opened at Rs. 415.30 and has touched a high and low of Rs. 454.10 and Rs. 406.20 respectively. So far 593397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 549.70 on 21-Nov-2019 and a 52 week low of Rs. 308.55 on 23-Aug-2019.


Last one week high and low of the scrip stood at Rs. 454.10 and Rs. 398.05 respectively. The current market cap of the company is Rs. 96466.67 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 33.40% and 13.63% respectively.

The government has invited bids for the sale of its entire 52.98% stake in the Bharat Petroleum Corporation (BPCL) on March 07, 2020. The Government of India is proposing strategic disinvestment of its entire shareholding in BPCL comprising 114.91 crore equity shares, which constitutes 52.98 per cent of BPCL’s equity share capital, along with transfer of management control, to a strategic buyer (except BPCL’s equity shareholding of 61.65% in Numaligarh Refinery).

The government has appointed Deloitte Touche Tohmatsu India LLP as its transaction advisor to advise on and manage the strategic disinvestment process.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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Friday, March 06, 2020

Yes Bank dips sharply after RBI imposes moratorium on Bank

Yes Bank is currently trading at Rs. 25.80, down by 11.05 points or 29.99% from its previous closing of Rs. 36.85 on the BSE.

The scrip opened at Rs. 33.20 and has touched a high and low of Rs. 33.20 and Rs. 25.80 respectively. So far 705512 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. 25.80 on 06-Mar-2020.


Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 25.80 respectively. The current market cap of the company is Rs. 7052.06 crore.

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

The Reserve Bank of India (RBI) has imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders. The board of Yes Bank has also been superseded with immediate effect. Yes Bank has been grappling with mounting bad loans.

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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Monday, March 02, 2020

Reliance Industries soars on acquiring 37.7% stake in Alok Industries

Reliance Industries is currently trading at Rs. 1351.10, up by 22.45 points or 1.69% from its previous closing of Rs. 1328.65 on the BSE.

The scrip opened at Rs. 1358.40 and has touched a high and low of Rs. 1368.75 and Rs. 1349.45 respectively. So far 100885 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. 1477.00 and Rs. 1325.00 respectively. The current market cap of the company is Rs. 864929.66 crore.

The promoters holding in the company stood at 50.03%, while Institutions and Non-Institutions held 38.48% and 11.49% respectively.

Reliance Industries (RIL) has acquired 37.7% stake in Alok Industries for Rs 250 crore. Alok Industries has allotted 83,33,33,333 equity shares of Rs 1 each at a premium of Rs 2 per equity share for cash at total consideration of Rs 250 crore to the company. Alok Industries has also allotted 250,00,00,000, 9% Optionally Convertible Preference Shares (OCPS) of Rs 1 each for cash at par, for a total consideration of Rs 250 crore to RIL.

In March 2019, Reliance and JM Financial Asset Reconstruction had jointly submitted bid for acquiring Alok Industries that was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans.

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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