Sun Pharma surges on looking to expand specialty business across different regions

Sun Pharmaceutical Industries is currently trading at Rs. 498.35, up by 8.90 points or 1.82% from its previous closing of Rs. 489.45 on the BSE.

The scrip opened at Rs. 494.25 and has touched a high and low of Rs. 498.35 and Rs. 492.45 respectively. So far 19073 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 564.90 on 28-Aug-2020 and a 52 week low of Rs. 315.20 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 528.45 and Rs. 483.00 respectively. The current market cap of the company is Rs. 119234.95 crore.

The promoters holding in the company stood at 54.69%, while Institutions and Non-Institutions held 32.81% and 12.50% respectively.

Sun Pharmaceutical Industries is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market. The company's strategy of developing the specialty business as an additional growth engine has started delivering results, with a gradual ramp up in specialty revenues. The company expects this momentum to continue over the next few years, although the COVID-19 pandemic and lockdowns may throw up some uncertainties in the near-term.

Sun Pharma is the world's fourth largest specialty generic pharmaceutical company and India's top pharmaceutical company.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Reliance Industries inches up as its telecom arm adds 44.99 lakh subscribers in June

Reliance Industries is currently trading at Rs. 2181.45, up by 0.30 points or 0.01% from its previous closing of Rs. 2181.15 on the BSE.

The scrip opened at Rs. 2196.00 and has touched a high and low of Rs. 2209.35 and Rs. 2168.60 respectively. So far 114619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-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. 2336.55 and Rs. 2168.60 respectively. The current market cap of the company is Rs. 1485416.80 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) telecom arm Reliance Jio Infocomm (Jio) has added 44,99,474 customers in June 2020. Following this, the company’s total customer base has increased to 39.72 crore with market share of 34.82% in terms of wireless subscribers as on June 30, 2020.

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.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

HDFC Life gains on tying up with Yes Bank to sell insurance policies

HDFC Life Insurance is currently trading at Rs. 582.30, up by 3.15 points or 0.54% from its previous closing of Rs. 579.15 on the BSE.

The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 602.00 and Rs. 578.50 respectively. So far 11507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.50 on 28-Jul-2020 and a 52 week low of Rs. 339.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 602.00 and Rs. 566.25 respectively. The current market cap of the company is Rs. 117795.14 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 30.84% and 8.72% respectively.

HDFC Life Insurance Company has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank entered into a corporate agency (CA) arrangement. This CA arrangement will enable customers of Yes Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness.

With bancassurance experience, the company aim to offer a comprehensive suite of product solutions and best in class servicing, leveraging investments in technology.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Bank of India surges on getting shareholders nod to raise Rs 8,000 crore

Bank Of India is currently trading at Rs. 44.55, up by 0.20 points or 0.45% from its previous closing of Rs. 44.35 on the BSE.

The scrip opened at Rs. 44.30 and has touched a high and low of Rs. 44.90 and Rs. 43.75 respectively. So far 562413 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.80 on 28-Nov-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 43.75 respectively. The current market cap of the company is Rs. 14500.39 crore.

The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.

Bank of India has received shareholders’ approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II bonds by way of public issue or right issue or preferential issue or QIP or private placement or any other permitted mode at an appropriate time whether at a discount or premium to the market price. Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on September 19, 2020.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Aurobindo Pharma surges on collaborating with CSIR to develop COVID-19 vaccine

Aurobindo Pharma is currently trading at Rs. 841.55, up by 23.55 points or 2.88% from its previous closing of Rs. 818.00 on the BSE.

The scrip opened at Rs. 847.90 and has touched a high and low of Rs. 850.80 and Rs. 836.55 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 967.60 on 10-Aug-2020 and a 52 week low of Rs. 281.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 850.80 and Rs. 791.00 respectively. The current market cap of the company is Rs. 47929.78 crore.

The promoters holding in the company stood at 52.01%, while Institutions and Non-Institutions held 35.19% and 12.80% respectively.

Aurobindo Pharma has collaborated with the Council of Scientific and Industrial Research (CSIR) to develop vaccines to protect against SARS-CoV-2, also known as COVID-19. Under the signed agreement between CSIR-Centre for Cellular and Molecular Biology (CCMB) and Aurobindo Pharma, Aurobindo will partner with CSIR for development of several novel COVID-19 vaccines. Three CSIR labs namely CCMB Hyderabad, Institute of Medical Technology (IMTECH), Chandigarh and Indian Institute of Chemical Biology (IICB), Kolkata are developing vaccine candidates using different technology platforms. Aurobindo will undertake clinical development and commercialization of the vaccines.

Apart from this collaboration, Aurobindo is already developing a vaccine for SARS COV-2 through its wholly owned US subsidiary Auro Vaccines. The SARS COV-2 vaccine candidate is based on the company’s proprietary replication-competent, attenuated, recombinant vesicular stomatitis (VSV, VesiculoVax) vaccine delivery platform.

Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Wipro inches up on inking pact with and ProcessMaker

Wipro is currently trading at Rs. 294.00, up by 0.95 points or 0.32% from its previous closing of Rs. 293.05 on the BSE.

The scrip opened at Rs. 294.00 and has touched a high and low of Rs. 296.35 and Rs. 293.05 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.30 on 11-Sep-2020 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 298.30 and Rs. 271.75 respectively. The current market cap of the company is Rs. 167463.15 crore.

The promoters holding in the company stood at 74.02%, while Institutions and Non-Institutions held 15.45% and 8.06% respectively.

Wipro has entered into partnership with and ProcessMaker, a US-based software company and low-code workflow automation platform, for delivering innovative workflow management to Wipro’s customers in Latin America. This collaboration will leverage Wipro’s proprietary technology platform iCaaS (Intelligent Content as a Service) along with ProcessMaker’s Workflow automation platform to deliver Cognitive Content Automation solutions to customers.

These solutions will enable ‘paperless’ streamlined and efficient document processing while lowering the overall cost of operations. It will digitize and automate complex business processes including KYC verification, account opening for financial services, invoicing and payments, supply chain visibility and vendor onboarding for small businesses among others. Using these solutions, business users, technology organizations, and line of business (LOB) managers will be able to accelerate their customers’ digital journey. The solutions will be offered first to customers in the telecommunications, financial services, insurance and retail sectors before expanding to other industries.

Wipro is a leading global information technology, consulting and business process services company.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Bajaj Finance trades in green on raising Rs 400 crore through NCDs

Bajaj Finance is currently trading at Rs. 3518.35, up by 19.35 points or 0.55% from its previous closing of Rs. 3499.00 on the BSE.

The scrip opened at Rs. 3494.00 and has touched a high and low of Rs. 3525.00 and Rs. 3456.15 respectively. So far 74527 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. 3629.00 and Rs. 3393.65 respectively. The current market cap of the company is Rs. 208615.74 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 400 crore through Secured redeemable non-convertibles debentures (NCDs) and allotted 4000 NCDs of face value of Rs 10 lakh each on private placement basis. The Debenture Allotment Committee of the Company at its meeting held on September 10, 2020 has alloted and approved 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.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Indiabulls Housing inches up on aiming to raise Rs 1,000 crore via QIP, divestment in OakNorth Bank

Indiabulls Housing Finance is currently trading at Rs. 201.35, up by 0.20 points or 0.10% from its previous closing of Rs. 201.15 on the BSE.

The scrip opened at Rs. 204.55 and has touched a high and low of Rs. 204.95 and Rs. 201.35 respectively. So far 117122 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 458.80 on 12-Sep-2019 and a 52 week low of Rs. 81.25 on 20-Mar-2020.

Last one week high and low of the scrip stood at Rs. 205.55 and Rs. 190.05 respectively. The current market cap of the company is Rs. 8600.65 crore.

The promoters holding in the company stood at 23.66%, while Institutions and Non-Institutions held 51.08% and 25.25% respectively.

Indiabulls Housing Finance is aiming to raise up to Rs 1,000 crore through a qualified institutional placement (QIP) launched on September 9, 2020 as well as partial divestment of its stake in UK-based OakNorth Bank in tranches. In this, Rs 500 crore (about $68.13 million) each is targeted to be raised through the QIP and divestment in OakNorth Bank in next two-three days.  The committee will meet on September 14 to approve the issue price, including a discount, if any, for the equity shares to be allotted to the qualified institutional buyers (QIBs). The intent of the QIP is to augment the long-term resources of the company and maintain sufficient liquidity for meeting funding requirements for its business activities.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

HDFC gains on sanctioning Rs 47,000 crore home loans to over 2 lakh homebuyers

Housing Development Finance Corporation is currently trading at Rs. 1780.00, up by 10.00 points or 0.56% from its previous closing of Rs. 1770.00 on the BSE.

The scrip opened at Rs. 1770.00 and has touched a high and low of Rs. 1780.50 and Rs. 1760.70 respectively. So far 28434 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2499.65 on 14-Jan-2020 and a 52 week low of Rs. 1473.10 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1921.50 and Rs. 1760.70 respectively. The current market cap of the company is Rs. 317169.88 crore.

The Institutions holding in the company stood at 88.68% and Non-Institutions held 11.32% stake in the company.

Housing Development Finance Corporation (HDFC) has approved home loans of over Rs 47,000 crore to more than 2 lakh first-time homebuyers belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Groups (MIG), under the government's Credit Linked Subsidy Scheme (CLSS). The company has passed on interest subsidy of more than Rs 4,700 crore to these beneficiaries. The company has been partnering and supporting the Ministry of Housing and Urban Affairs and the National Housing Bank (NHB) to work towards the government's goal of 'Affordable Housing for All'.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

TCS trades higher on the bourses

Tata Consultancy Services is currently trading at Rs. 2292.10, up by 27.30 points or 1.21% from its previous closing of Rs. 2264.80 on the BSE.

The scrip opened at Rs. 2265.10 and has touched a high and low of Rs. 2307.00 and Rs. 2265.10 respectively. So far 14769 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2357.15 on 30-Jul-2020 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2307.00 and Rs. 2228.30 respectively. The current market cap of the company is Rs. 849840.09 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.87% and 4.01% respectively.

Tata Consultancy Services (TCS) has been named a Leader in the Everest Group PEAK Matrix for Digital Workplace Services. According to the report, the company has been one of the frontrunners in supporting enterprises during the COVID19 crisis; it was quick to package its capabilities to provide enterprises with a secure work-from-home setup with Secure Borderless Workspaces (SBWS). It goes on to say that being the first major service provider to announce its future way of working (75% of its staff to work from home), TCS was able to garner enterprise mindshare and showcase clarity of vision.

Another strength cited in the report is TCS’ integrated platform – Digital Workplace Studio that provides a comprehensive set of traditional and next-generation workplace functionalities in a persona-based setup.

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

Mindtree trades higher on partnering with Mölnlycke

Mindtree is currently trading at Rs. 1176.10, up by 20.20 points or 1.75% from its previous closing of Rs. 1155.90 on the BSE.

The scrip opened at Rs. 1165.00 and has touched a high and low of Rs. 1181.85 and Rs. 1156.25 respectively. So far 9444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1212.00 on 31-Aug-2020 and a 52 week low of Rs. 667.30 on 12-Sep-2019.

Last one week high and low of the scrip stood at Rs. 1212.00 and Rs. 1127.95 respectively. The current market cap of the company is Rs. 19202.63 crore.

The promoters holding in the company stood at 73.49%, while Institutions and Non-Institutions held 18.27% and 8.24% respectively.

Mindtree has partnered with Mölnlycke to provide SAP application development and maintenance along with cloud operations. The company will help migrate Mölnlycke’s on-premise SAP to Microsoft Azure and accelerate towards a platform -led DevSecOps operating model ensuring faster response to business changes and reliable IT support.

Mölnlycke is a market-leading supplier of wound care and surgical products and solutions. With this engagement, Mölnlycke will be able to deliver solutions in an agile, reliable, and secure manner which will support key business functions to bring new products to market faster and drive better user experiences.

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips