Monday, August 31, 2020

RIL surges as its arm acquiring Retail & Wholesale Business, Logistics & Warehousing Business of Future Group

Reliance Industries is currently trading at Rs. 2150.00, up by 34.40 points or 1.66% from its previous closing of Rs. 2115.60 on the BSE.

The scrip opened at Rs. 2172.00 and has touched a high and low of Rs. 2172.00 and Rs. 2134.00 respectively. So far 83214 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.




Last one week high and low of the scrip stood at Rs. 2172.00 and Rs. 2047.25 respectively. The current market cap of the company is Rs. 1430576.68 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures (RRVL) is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement (Scheme). The said acquisition is being done as part of the Scheme in which Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises (FEL).

The acquisition of the retail, wholesale and supply chain business of the Future Group complements and makes a strong strategic fit into Reliance’s retail business. This will help Reliance retail to accelerate providing support to millions of small merchants in increasing their competitiveness and enhance their income during these challenging times.

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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Friday, August 28, 2020

Bajaj Finance gains on raising Rs 135 crore through NCDs

Bajaj Finance is currently trading at Rs. 3656.90, up by 25.15 points or 0.69% from its previous closing of Rs. 3631.75 on the BSE.

The scrip opened at Rs. 3655.00 and has touched a high and low of Rs. 3674.65 and Rs. 3638.35 respectively. So far 36113 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4923.20 on 20-Feb-2020 and a 52 week low of Rs. 1783.10 on 27-May-2020.




Last one week high and low of the scrip stood at Rs. 3707.00 and Rs. 3393.20 respectively. The current market cap of the company is Rs. 220191.44 crore.

The promoters holding in the company stood at 56.20%, while Institutions and Non-Institutions held 31.35% and 12.22% respectively.

Bajaj Finance has raised Rs 135 crore through Secured redeemable non-convertibles debentures (NCDs) and allotted 1350 NCDs having face value of Rs 10 lakh each. The Debenture Allotment Committee of the Company at its meeting held on August 27, 2020 has allotted the same.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

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Wednesday, August 26, 2020

Manappuram Finance trades higher on planning to raise funds through various options

Manappuram Finance is currently trading at Rs. 159.60, up by 0.60 points or 0.38% from its previous closing of Rs. 159.00 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 161.15 and Rs. 158.00 respectively. So far 96957 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 194.60 on 29-Jan-2020 and a 52 week low of Rs. 75.60 on 19-Mar-2020.


Last one week high and low of the scrip stood at Rs. 163.70 and Rs. 156.75 respectively. The current market cap of the company is Rs. 13370.69 crore.

The promoters holding in the company stood at 35.04%, while Institutions and Non-Institutions held 48.22% and 16.74% respectively.

Manappuram Finance is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / offshore securities market by Public Issue, Private Placement Basis and Commercial Papers. Based on the prevailing market conditions, Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of September, 2020, subject to such terms and conditions including the issue price of debt securities, as the respective committee may deem fit.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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Wednesday, August 19, 2020

Reliance Industries rises as its arm acquires stake in Vitalic Health and its subsidiaries

Reliance Industries is currently trading at Rs. 2142.95, up by 24.20 points or 1.14% from its previous closing of Rs. 2118.75 on the BSE.

The scrip opened at Rs. 2141.95 and has touched a high and low of Rs. 2150.00 and Rs. 2137.20   respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2156.50 and Rs. 2070.00 respectively. The current market cap of the company is Rs. 1432705.40 crore.




The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired equity shares of Vitalic Health (Vitalic) and its subsidiaries for a cash consideration of around Rs 620 crore. The said investment represents around 60% holding in the equity share capital of Vitalic and direct 100% equity ownership of its subsidiaries, viz: Tresara Health (THPL), Netmeds Marketplace (NML) and Dadha Pharma Distribution (DPDPL). RRVL will further acquire equity stake in Vitalic, through a mix of secondary purchase and primary investment, for at least 80% stake by April 2024, with an option to increase to 100% ownership.

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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Monday, August 17, 2020

Apollo Hospitals Enterprise Ltd. shares up 0.45% as Nifty gains

Shares of Apollo Hospitals Enterprise Ltd. traded 0.45 per cent up in Monday's trade at 11:07AM (IST). Around 13,923 shares changed hands on the counter.

The stock opened at Rs 1710.0 and touched an intraday high and low of Rs 1726.0 and Rs 1686.45, respectively, in the session so far. Shares of the company of Apollo Hospitals Enterprise Ltd. quoted a 52-week high of Rs 1814.0 and a 52-week low of Rs 1047.45.

Total market cap of the Apollo Hospitals Enterprise Ltd. stood at Rs 23902.4 crore at the time of writing this report.



Key Financials

The company reported consolidated sales of Rs 2922.43 crore for the quarter ended 31-Mar-2020, up 0.37 per cent from previous quarter's Rs 2911.74 crore and up 16.92 per cent from the year-ago quarter's Rs 2499.5 crore.

The net profit for latest quarter stood at Rs 219.36 crore, up 158.4 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, DIIs held 8.36 per cent stake in the company, while foreign institutional investors held 46.58 per cent and the promoters 30.82 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 52.54 and a price-to-book ratio of 6.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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Wednesday, August 12, 2020

Indiabulls Housing Finance Ltd. shares rise 1.82% as Sensex slides

Shares of the Indiabulls Housing Finance Ltd NSE 1.84 %. traded at Rs 218.65 on BSE at 11:21AM (IST) on Wednesday, up 1.82 per cent from previous close.

The scrip quoted a 52-week low price of Rs 81.25 and a high of Rs 625.0.

Earlier, shares of the company saw a opening in the morning.

A total of 890,111 lakh shares changed hands on the counter till 11:21AM (IST).




The stock of Indiabulls Housing Finance Ltd. commands a market value of Rs 9299.74 crore.

The stock traded at a price-to-earning (P/E) multiple of 4.23, while the price-to-book value ratio stood at 0.59. Return on equity (ROE) was at 14.15 per cent, according to exchange data.

In the BSE500 pack, 258 stocks traded in the green, while 242 stocks were in the red.

Promotor Holding

Promoters held 23.43 per cent in the Indiabulls Housing Finance Ltd. as of 30-Jun-2020 while foreign portfolio investors and domestic institutional investors owned 38.28 per cent and 0.17 per cent, respectively.

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