AU Small Finance Bank moves up on selling 4.46% stakes in Aavas Financiers

AU Small Finance Bank is currently trading at Rs. 885.10, up by 15.90 points or 1.83% from its previous closing of Rs. 869.20 on the BSE.

The scrip opened at Rs. 882.00 and has touched a high and low of Rs. 890.65 and Rs. 879.20 respectively. So far 3174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1217.70 on 02-Mar-2020 and a 52 week low of Rs. 366.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 944.60 and Rs. 865.45 respectively. The current market cap of the company is Rs. 26975.50 crore.

The promoters holding in the company stood at 29.00%, while Institutions and Non-Institutions held 46.14% and 24.86% respectively.

AU Small Finance Bank has sold 35,00,000 equity shares face value of Rs 10 each held in Aavas Financiers (AAVAS) constituting 4.46% of paid up capital of Company. Post aforesaid sale the balance shareholding stands at 3,383 equity shares in AAVAS.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

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Vodafone Idea zooms after selling 11.15% stake in Indus

Vodafone Idea is currently trading at Rs. 9.66, up by 0.39 points or 4.21% from its previous closing of Rs. 9.27 on the BSE.

The scrip opened at Rs. 9.60 and has touched a high and low of Rs. 9.70 and Rs. 9.50 respectively. So far 35704938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.45 on 04-Sep-2020 and a 52 week low of Rs. 2.83 on 18-Feb-2020.

Last one week high and low of the scrip stood at Rs. 10.02 and Rs. 8.79 respectively. The current market cap of the company is Rs. 27787.12 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.11% and 20.84% respectively.

Vodafone Idea has sold its 11.15% stake in Indus for a cash consideration of Rs 37.6 billion in accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs 24 billion which will be adjusted in line with terms of the agreement.

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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L&T surges on bagging order for Construction and Mining Equipment Businesses

Larsen & Toubro is currently trading at Rs. 1106.55, up by 25.30 points or 2.34% from its previous closing of Rs. 1081.25 on the BSE.

The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1109.80 and Rs. 1079.35 respectively. So far 123708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1417.50 on 21-Nov-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1116.00 and Rs. 1038.60 respectively. The current market cap of the company is Rs. 155703.98 crore.

The Institutions holding in the company stood at 53.94%, and Non-Institutions held 46.06%.

Larsen & Toubro (L&T) has bagged biggest order ever for its Construction and Mining Equipment Businesses to supply 46 units of Komatsu Mining Equipment from Tata Steel. The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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Tata Motors gains on aiming widest portfolio of SUV in domestic market

Tata Motors is currently trading at Rs. 140.00, up by 1.10 points or 0.79% from its previous closing of Rs. 138.90 on the BSE.

The scrip opened at Rs. 140.35 and has touched a high and low of Rs. 141.05 and Rs. 139.65 respectively. So far 328289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 142.25 and Rs. 131.10 respectively. The current market cap of the company is Rs. 42905.82 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors is aiming to have the widest portfolio of sports utility vehicles (SUVs) in the domestic market, a move aimed at helping the company muster greater market share in the passenger vehicle segment. The auto major, which currently sells models like Nexon and Harrier in the SUV segment, is also looking to overhaul its entire sales, aftersales and service verticals to enhance the overall buying experience for customers.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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ICICI Bank gains on launching special offering for millennial segment

ICICI Bank is currently trading at Rs. 440.20, up by 1.90 points or 0.43% from its previous closing of Rs. 438.30 on the BSE.

The scrip opened at Rs. 439.95 and has touched a high and low of Rs. 444.40 and Rs. 436.40 respectively. So far 332787 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 407.20 respectively. The current market cap of the company is Rs. 304514.54 crore.

The Institutions and Non-Institutions held 89.80% and 10.20%, stake in the Bank respectively.

ICICI Bank has launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events. The country is poised for a demographic dividend, which will see millions of youth join the workforce and there are 40 million 'progressive' millennials who will contribute significantly to the economy and banking in the years to come. After extensive research, the bank has launched the mobile-first, personalised and experiential-led banking platform christened 'Mine' for this segment.

ICICI Bank is a leading private sector bank in India.

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Titan Company gains on launching first international Tanishq store in Dubai

Titan Company is currently trading at Rs. 1206.80, up by 6.25 points or 0.52% from its previous closing of Rs. 1200.55 on the BSE.

The scrip opened at Rs. 1201.00 and has touched a high and low of Rs. 1212.90 and Rs. 1194.95 respectively. So far 14427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1340.60 on 20-Feb-2020 and a 52 week low of Rs. 720.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1212.90 and Rs. 1154.00 respectively. The current market cap of the company is Rs. 106640.87 crore.

The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.02% and 17.73% respectively.

Titan Company has launched its first international Tanishq store in Dubai as part of expanding regions outside India. With the commencement of company’s operations in Dubai, it sees the brand being accessible to international customers and NRI communities. The brand also has launched an exclusive website for Dubai showcasing its collections.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts

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Hero MotoCorp registers highest ever monthly sales in Oct 2020

The two-wheeler maker reported a 35% rise in its domestic wholesales at 7.91 lakh units

A positive turnaround in customer sentiments have enabled the company to achieve record numbers during the auspicious festive period,' the company said.

Hero MotoCorp Ltd on Sunday reported a 34.77% year-on-year rise in its domestic wholesales for October to 7,91,137 units due to robust recovery in sales of entry-level motorcycles in rural and semi-urban markets after the easing of lockdown measures. Overall, HeroMotoCorp registered its highest ever monthly sales of 8.06 lakh units in October 2020.

The country's largest two-wheeler maker also increased inventory at dealerships expecting good retail sales during the Diwali festival.

On a sequential basis, the company's dispatches were higher than 6,97,293 units in September and 5,68,674 units in August. The New Delhi-based manufacturer restarted operations at its Haryana and Uttarakhand factories from 5 May, selling 1,20,000 units in the month.

In October, dispatches of motorcycles, including exports, increased 32.5% to 7,32,498 units while that of scooters rose 59.6% to 74,350 units.

Hero’s exports jumped by 28.14% to 15,711 units during the month.

“A positive turnaround in customer sentiments – particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period," the company said in a statement.

To offset the increase in commodity cost the company has raised prices of its vehicles by 2%, across the product portfolio.

In July, Mint had reported that expecting sales recovery to continue, especially in rural and semi urban markets, during the upcoming festival season, Hero plans to increase production to 6.5 lakh units or more from September.

Investors have been bullish about near-term prospects of the Pawan Munjal-led company since it is likely to benefit from a shift in preference to entry and executive segment motorcycles because of a quicker recovery in demand in rural areas and increasing preference for personal mobility on fears of contracting infection.

Despite witnessing decent recovery in retail sales, automakers like Hero MotoCorp are struggling to ramp up manufacturing due to disruption in supply chain network. Regional lockdowns due to rising covid-19 cases and increased inspection of imported parts from China have also added to their production woes.

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