BSE bulk deals: ICICI Bank offloads shares of Gammon Infra

ICICI Bank NSE -4.82 % sold stake in Gammon Infrastructure NSE 0.00 %, while Akshay Mehta sold shares of Bhakti Gems And Jewellery on the BSE on Friday.

As per data available on the exchange, ICICI Bank sold 8,283,072 shares of Gammon Infrastructure, of which 5,000,000 were bought by Geeta Chetan Shah. At the same time, Akshay Mehta sold 295,086 shares of Bhakti Gems and Jewellery at Rs 87.43 per share.

In other deals, Niranjan S Shety sold 105,000 shares of Kilpest India at Rs 287.44 per share. Similarly, Swetsam Stock Holding sold 36,000 shares of Prime Fresh at Rs 124 per share, which were bought by Sonu Surjit Vasan. .

Subhash Ramashish Mishra bought 36,000 shares of SSPN Finance, while Sangeeta Chandu Jain sold 44,000 shares of the same at Rs 26.86 per share.

Bulk deal data on the NSE was not updated at the time of publishing this story.

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Mahindra Lifespace Developers gains on acquiring land to develop residential project in Bengaluru

Mahindra Lifespace Developers is currently trading at Rs. 516.15, up by 6.10 points or 1.20% from its previous closing of Rs. 510.05 on the BSE.

The scrip opened at Rs. 507.80 and has touched a high and low of Rs. 527.30 and Rs. 501.70 respectively. So far 1901 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.30 on 26-Feb-2021 and a 52 week low of Rs. 171.20 on 07-May-2020.

Last one week high and low of the scrip stood at Rs. 527.30 and Rs. 460.00 respectively. The current market cap of the company is Rs. 2660.37 crore.

The promoters holding in the company stood at 51.46%, while Institutions and Non-Institutions held 26.89% and 21.65% respectively.

Mahindra Lifespace Developers has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022.

Bengaluru is one of the most stable residential real estate markets in India and a priority city for the growth of our residential business. The company’s latest land acquisition in the city is in line with its strategy of deepening its presence in well-established, end-user driven markets with a track record of quick absorption and consistent demand for high-quality residences by trusted brands.

Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.

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GRM Overseas gains as its arm launches new product ‘Spices’

GRM Overseas is currently trading at Rs. 1050.00, up by 7.20 points or 0.69% from its previous closing of Rs. 1042.80 on the BSE.

The scrip opened at Rs. 1050.00 and has touched a high and low of Rs. 1079.00 and Rs. 1002.70 respectively. So far 696 shares were traded on the counter. 

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,079.00 on 26-Feb-2021 and a 52 week low of Rs. 119.00 on 20-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1079.00 and Rs. 801.00 respectively. The current market cap of the company is Rs. 384.74 crore.

The promoters holding in the company stood at 73.62%, while Institutions and Non-Institutions held 5.76% and 20.62% respectively.

GRM Overseas’ wholly owned subsidiary -- GRM Foodkraft has launched new product i.e. Spices. This product will cater into both Domestic & International market.  

GRM Overseas is presently engaged in the business of processing and sale of rice.

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HDFC Bank rises on the BSE

HDFC Bank is currently trading at Rs. 1621.20, up by 14.95 points or 0.93% from its previous closing of Rs. 1606.25 on the BSE.

The scrip opened at Rs. 1622.00 and has touched a high and low of Rs. 1635.80 and Rs. 1606.00 respectively. So far 243735 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 738.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1650.00 and Rs. 1517.00 respectively. The current market cap of the company is Rs. 893303.78 crore.

The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 61.06% and 12.95% respectively.

HDFC Bank has released Parivartan Impact Report for the state of Jharkhand. The Parivartan Report showcases the initiatives undertaken by the bank as part of its Corporate Social Responsibility in the state.

HDFC Bank Parivartan, the umbrella brand for all social responsibility initiatives undertaken by the bank, has transformed the lives of 1.8 million individuals across Jharkhand.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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NSE says in close contact with SEBI on shutdown due to tech glitch.

NSE said that the trade was halted due to the failure of the online risk management system, noting that there was no impact on the trading system.

National Stock Exchange (NSE) on Thursday informed that it is in close contact with SEBI regarding the shutdown due to tech glitch on Wednesday.

India's largest bourse said that the trade was halted due to an impact on the online risk management system, it adds that there was no impact on the trading system.

"Market functioning had to be shut down as online risk management system was unavailable," thNSE said.NSE further added that it is awaiting "detailed root cause analysis" from telecom service providers and vendors regarding Wednesday's outage incident.

NSE adds that it had received a communication of instability of all telecom links from both its service providers.

Trading on NSE came to a halt on Wednesday morning due to what the exchange termed as issues with telecom connectivity.

Taking strong note of the events, capital markets regulator Sebi sought an explanation from NSE for trading "not migrating to the disaster recovery site" and asked the bourse to submit its report at the earliest.

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Adani Ports gains on incorporating wholly owned subsidiary company

Adani Ports is currently trading at Rs. 661.00, up by 8.50 points or 1.30% from its previous closing of Rs. 652.50 on the BSE.

The scrip opened at Rs. 656.55 and has touched a high and low of Rs. 665.55 and Rs. 651.00 respectively. So far 439002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.70 on 19-Feb-2021 and a 52 week low of Rs. 203.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 676.70 and Rs. 611.15 respectively. The current market cap of the company is Rs. 134684.82 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 33.50% and 2.76% respectively

Adani Ports and Special Economic Zone (APSEZ) has incorporated a wholly owned subsidiary company ‘Aqua Desilting’ on February 19, 2021.  The Company has incorporated as a wholly owned subsidiary of the Company for carrying out business of dredging / desiltation and sale / disposal of such desilted material from sea, river, dams, other water bodies etc

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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Thomas Cook shines on getting nod to raise up to Rs 450 crore

Thomas Cook (India) is currently trading at Rs. 48.85, up by 1.40 points or 2.95% from its previous closing of Rs. 47.45 on the BSE.

The scrip opened at Rs. 48.50 and has touched a high and low of Rs. 50.25 and Rs. 48.30 respectively. So far 22076 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.00 on 25-Feb-2020 and a 52 week low of Rs. 21.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 50.25 and Rs. 45.10 respectively. The current market cap of the company is Rs. 1794.92 crore.

The promoters holding in the company stood at 65.60%, while Institutions and Non-Institutions held 14.44% and 19.95% respectively.

Thomas Cook India’s board has approved issuance of up to 45,00,00,000 OCCRPS of face value of 10 each to Fairbridge Capital (Mauritius), the promoter of the company, through private placement on a preferential basis. The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company.

Thomas Cook (India) is India’s leading integrated travel services company

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PVR gains as its arm expects revenue to exceed pre-COVID level in FY22

PVR is currently trading at Rs. 1489.05, up by 2.70 points or 0.18% from its previous closing of Rs. 1486.35 on the BSE.

The scrip opened at Rs. 1495.00 and has touched a high and low of Rs. 1519.80 and Rs. 1481.00 respectively. So far 297974 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,082.82 on 20-Feb-2020 and a 52 week low of Rs. 706.55 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 1519.80 and Rs. 1459.00 respectively. The current market cap of the company is Rs. 9034.59 crore.

The promoters holding in the company stood at 18.79%, while Institutions and Non-Institutions held 65.11% and 16.10% respectively.

PVR’s subsidiary company -- PVR Pictures is expecting its revenue to return to pre-COVID levels in FY22 backed by a strong pipeline of films, scheduled to be released after March. The company has a strong pipeline of star-studded Indian and regional films along with foreign language films and expects the second half of FY 2021-22 to be even better than the pre-COVID.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

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NCLT reaches Amazon against Reliance-Future deal, demands to stop shareholders meeting

Amazon's opposition to the deal between Future Group and Reliance Industries is about 25 thousand crore rupees. E-commerce company Amazon has approached the National Company Law Tribunal (NCLT) this time. The company has sought to block the meeting of Future Group shareholders.

Demand to stop shareholders meeting

Amazon, the e-commerce sector giant, told NCLT that the matter is currently in the Singapore International Orbitry Court (SIAC). Therefore, do not approve the meeting of the approval of the Reliance-Future deal. Apart from this, the company has asked Future Retail to stop taking any steps to pursue the deal with Reliance.

Deal still gets approval from NCLT and shareholders

The deal between Reliance Industries and Future Group has been cleared by Competition Commission of India (CCI), SEBI and the exchange. It is yet to be approved by NCLT and shareholders.

Decision on transfer of business with NCLT Reserve

Amazon also submitted an application to the NCLT Bench in Mumbai last week. In fact, under the deal, the order of the transfer of Future Group's retail and wholesale business to Reliance Industries is NCLT Pass Reserve. In August last year, there was a deal of Rs 24,713 crore between the two.

The US company appealed to SIAC in October last year to block the deal. According to Amazon, Future Group is signing a deal with Reliance, breaking the contract between the two. 

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Vedanta Ltd. shares gain 0.83% as Sensex rises

Shares of Vedanta Ltd. traded 0.83 per cent higher in Thursday's session at 10:47AM (IST). The stock opened at Rs 194.5 and has touched an intraday high and low of Rs 196.7 and Rs 193.75, respectively, during the session so far.

The stock quoted a 52-week high of Rs 196.7 and a 52-week low of 60.3. About 268,876 shares changed hands on the counter so far.

Benchmark Nifty50 was up 18.9 points at 15227.80, while the BSE Sensex traded 15.02 points higher at 51718.85 at the time of writing of this report.

In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 23621.0 crore, up 8.63 per cent from the previous quarter's Rs 21744.0 crore and up 7.33 per cent from the year-ago quarter. The company reported net profit of Rs 3299.0 crore for the latest quarter.

Promoter Holdings

Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FIIs held 16.06 per cent and MFs 5.56 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 126.13 on February 18, while the 50-DMA was at Rs 167.81. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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Bharti Airtel inches up on planning to acquire 20% stake in Bharti Telemedia from Warburg Pincus

Bharti Airtel is currently trading at Rs. 596.30, up by 2.25 points or 0.38% from its previous closing of Rs. 594.05 on the BSE.

The scrip opened at Rs. 596.00 and has touched a high and low of Rs. 598.00 and Rs. 592.00 respectively. So far 52602 shares were traded on the counter.

Last one week high and low of the scrip stood at Rs. 603.00 and Rs. 584.70 respectively. The current market cap of the company is Rs. 324087.38 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 39.53% and 4.24% respectively.

Bharti Airtel is planning to acquire 20 percent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore. The Warburg Pincus affiliate, Lion Meadow Investment, had acquired 20 percent equity stake in Bharti Telemedia for Rs 2,310 crore in 2018 after the announcement of deal in December 2017.

The transaction will be discharged primarily via issuance of about 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,037.8 crore in cash. The proposed transaction is part of Airtel's strategy to align the shareholding of its customer facing products, services and businesses under the same holding group.

A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers so as to promote 'One Home' strategy. Airtel will issue its shares to the Warburg Pincus affiliate at a premium of about 0.5 percent to the floor price determined as per ICDR (Issue of Capital and Disclosure Requirements) regulations. The remaining consideration of Rs 937.8 crore shall be paid in cash on the closing date of the proposed transaction. There may also be minor customary closing adjustments not exceeding Rs 100 crore.

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

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The government will get 28,600 crore on selling the entire stake in BOI and IOB, if it holds management control with 51% then it will get 12,800 crore rupees

Government will get 6,400 crores by reducing shares in Bank of Maharashtra and Central Bank to 51%

The government holds 95.8% in IOB, 92.5% in BOM, 92.4% in CBI and 89.1% in BOI.

If the government sells its entire stake in Bank of India (BOI) and Indian Overseas Bank (IOB), it will get around Rs 28,600 crore. Rating agency Care Ratings has mentioned this in its analysis.

Finance Minister Nirmala Sitharaman said in the budget 2021-22 that in the new financial year, the government will privatize at least two public sector banks. The government has set a target of raising Rs 1.75 lakh crore through disinvestment in FY 2021-22.

Bank of Maharashtra, Central Bank to get 6,400 crores on bringing shares at 51%

It is not yet known whether the government will sell its entire stake in both BOI and IOB. According to CARE's analysis, if the government reduces its stake in both banks to 51%, then it will bring 12,800 crore rupees to its coffers.

If the government also reduces its stake in Bank of Maharashtra (BOM) and Central Bank of India (CBI) to 51%, then both will get around Rs 6,400 crore. The government holds 95.8% in IOB, 92.5% in BOM, 92.4% in CBI and 89.1% in BOI.

IOB has the highest equity capital, BOI has the highest market price

Madan Sabnavis, chief economist at CARE Ratings, said, "IOB has the highest equity capital while BOI has a higher market value than other public sector banks. If the government keeps the management of both banks in its hands and sells its stake to 51% at current prices, then it will get around Rs 12,800 crore. ' Sabnavis says that if the government sells its entire stake in both banks at current prices, it will get around Rs 28,600 crore.

Government can bring stake up to 51 % before privatizing banks

It is not yet clear which government will reduce its stake in the bank, but according to media reports, IOB, BOM, BOI and CBI may be named in this list. It is believed that the government will bring its stake in public sector banks to 51% before bringing it down from the earlier 50% to make private players part of the privatization plan.

The shares of four banks were hit by an upper circuit on the news of disinvestment

The news of the government reducing its stake in Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, Bank of India came today. On this news, shares of these four banks were hit by an upper circuit today and they closed with a jump of about 20%.

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KEC International soars on securing new orders of Rs 1,681 crore

KEC International is currently trading at Rs. 438.10, up by 9.00 points or 2.10% from its previous closing of Rs. 429.10 on the BSE.

The scrip opened at Rs. 442.80 and has touched a high and low of Rs. 442.95 and Rs. 436.15 respectively. So far 12733 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 442.95 on 17-Feb-2021 and a 52 week low of Rs. 154.50 on 13-Apr-2020.

Last one week high and low of the scrip stood at Rs. 442.95 and Rs. 423.45 respectively. The current market cap of the company is Rs. 11260.47 crore.

The promoters holding in the company stood at 51.82%, while Institutions and Non-Institutions held 35.88% and 12.31% respectively.

KEC International has secured new orders of Rs 1,681 crore across its various businesses. The company’s transmission & distribution business has secured orders of Rs 1,287 crore for T&D projects from Power Grid Corporation of India (PGCIL) and other customers in India, SAARC and the Americas. The Civil business has secured an order of Rs 254 crore for infra works in the Water Pipeline segment in India.

Smart Infra business has secured an order of Rs 63 crore as a Master System Integrator for Smart City ICT Components for a greenfield smart city in India. Cables business has secured orders of Rs 77 crore for various types of cables in India and overseas.

KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.

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Petrol-diesel rates increased for the 10th time this month.

100 in Rajasthan Petrol costs Rs. 97.25 in Bhopal And Rs. 95.75 in Mumbai. Liter sold.

The fire in petrol and diesel prices is not taking its name. Today, petrol and diesel prices have increased for the eighth consecutive day. The price of petrol has reached 100 in Sriganganagar, Rajasthan. This is the highest rate of petrol in the country. Petrol has reached Rs 89.29 in Delhi and Rs 95.75 per liter in Mumbai. Today, petrol has become costlier by 30 paise and diesel by 35 paise per liter.

Price increased 20 times in 47 days

So far in February, the rate of petrol and diesel has increased 10 times. During this time, petrol in Delhi has become expensive by Rs 2.99 and diesel by Rs 3.22. Earlier in January, the rate increased 10 times. During this time, the price of petrol was increased by Rs 2.59 and diesel by Rs 2.61. On the other hand, if you talk about 2021, petrol has become expensive by Rs 5.58 and diesel by Rs 5.93 per liter so far this year.

Increasing crude oil price

Crude oil has reached the most expensive level in 13 months. Crude oil has become costlier by 21% so far this year. Brent crude has crossed $ 63 a barrel. Because there is a positive growth in economic activity worldwide. Fuel demand has also increased due to this. It has gone up by $ 1.29 per barrel to $ 63.58 per barrel. On the other hand, the central government has also refused to reduce excise duty on petrol and diesel. As a result, the price of petrol has reached Rs 100 per liter.

After tax, petrol becomes 3 times more expensive.

To understand this, it is necessary to first understand how the petrol-diesel pump reaches from crude oil. First crude oil comes from outside. He goes to the refinery, from where petrol and diesel are extracted. After this it goes to the oil companies. Oil companies make their profits and deliver to petrol pumps.

The owner of the petrol pump adds his commission after he arrives at the petrol pump. These commissions are decided by the oil companies. After that the tax which is decided by the Central and State Government is added. After that all the commission, after adding tax, petrol and diesel comes to us

Freight can be expensive

Due to rising diesel prices, freight will become expensive in the country. This will affect the goods and inflation will increase. Some transporters believe that they may increase freight fares in the coming times.

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Hindustan Unilever rises on the BSE.

Hindustan Unilever is currently trading at Rs. 2220.65, up by 4.80 points or 0.22% from its previous closing of Rs. 2215.85 on the BSE.

The scrip opened at Rs. 2225.00 and has touched a high and low of Rs. 2228.40 and Rs. 2210.00 respectively. So far 23623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2614.00 on 08-Apr-2020 and a 52 week low of Rs. 1756.00 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2270.65 and Rs. 2210.00 respectively. The current market cap of the company is Rs. 521601.49 crore.

The promoters holding in the company stood at 61.90%, while Institutions and Non-Institutions held 25.64% and 12.46% respectively.

Hindustan Unilever (HUL) expects its ‘COVID impacted’ product categories, such as ice-cream and vending solutions, to rebound strongly in 2021 with an increase in mobility. The company also said categories such as skin care and colour cosmetics, which slowed down last year will also rebound.

On the other hand, the company said ‘COVID obsessive’ categories such as hand sanitisers and hand wash which saw a sharp surge during the pandemic are also expected to normalise this year. Hand sanitiser category surged 16 times in 2020 compared to 2019, while the hand wash category grew 1.5 times last year. Categories such as hand, body and face care, classified as ‘COVID resistant’ items are expected to ''to normalise with an increase in mobility in 2021.

HUL is India’s largest Fast Moving Consumer Goods Company with a heritage of over 80 years in India and touches the lives of nine out of ten Indian households.

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Bank of Maharashtra trades higher as LoanTap enters into strategic partnership with bank.

Bank of Maharashtra is currently trading at Rs. 16.00, up by 0.22 points or 1.39% from its previous closing of Rs. 15.78 on the BSE.

The scrip opened at Rs. 16.35 and has touched a high and low of Rs. 16.35 and Rs. 15.78 respectively. So far 54107 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.85 on 05-Feb-2021 and a 52 week low of Rs. 7.71 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 16.70 and Rs. 15.29 respectively. The current market cap of the company is Rs. 10489.69 crore.

The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.60% and 3.07% respectively.

LoanTap has entered into a strategic partnership with Bank of Maharashtra for extending loans to micro, small and medium enterprises (MSMEs). Under the co-lending model, LoanTap will bear the 20 percent exposure while the rest 80 percent will be borne by the bank. These loans are designed to serve the business needs of MSMEs, supporting their plans to grow and expand business.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors

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7 out of 10 companies increase market cap by Rs 1.40 lakh crore, Reliance Industries leads.

The domestic market recorded good growth last week amid fluctuations in the stock markets across the world. The BSE Sensex has gained 812 and the Nifty has gained 239 points in a week. During this period, the market cap of the top seven companies increased by Rs 1.40 lakh crore. Reliance Industries was at the forefron. 

The highest market cap of Reliance Industries is around Rs 13 lakh crore.

According to exchange data, the market cap of Reliance Industries has increased by Rs 74.32 thousand crore to Rs 12.94 lakh crore. In this context, Reliance is the largest company in the country. The company's stock has also risen by 6%. ICICI Bank's market cap has increased by 22.94 thousand crores in a week.

Advantage of growth in IT sector, Infosys market cap increased by 16 thousand crores.

The value of IT sector company Infosys has risen by Rs 15.88 thousand crore to Rs 5.57 lakh crore and Tata Consultancy Services (TCS) has gone up by Rs 12.42 thousand crore to Rs 11.97 lakh crore. The BSE IT index has also gained 502 points, or 1.97%.

HDFC has a market cap of Rs 5 lakh crore. The market cap of Housing Development Finance Corporation Limited (HDFC) has increased by Rs 12.43 thousand crore to Rs 5.02 lakh crore. The market cap of Bajaj Finance has increased by Rs 2.27 thousand crores and the market cap of State Bank of India by Rs 133 crores. Apart from this, the market cap of HDFC Bank has increased by 8 thousand crores, Hindustan Unilever's market cap by 6.68 thousand crores and Kotak Mahindra Bank's market cap by 6.16 thousand crores.

Profit recovery can happen next week.

The total market cap of the companies listed on the BSE has risen by Rs 1.03 lakh crore to Rs 203.92 lakh crore in a week. Market analysts believe that investors' sentiment has changed due to strong rupee and foreign investment. Apart from this, most companies have also released the December quarter results. In such a situation, the movement of the global market will be very important in the coming week. Nirali Shah, Head of Equity Research at SAMCO Securities, says the stock market may remain subdued for some time next week.

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Eicher Motors inches up as its arm launches new version of adventure-touring motorcycle Himalayan

Eicher Motors is currently trading at Rs. 2820.00, up by 1.50 points or 0.05% from its previous closing of Rs. 2818.50 on the BSE.

The scrip opened at Rs. 2825.00 and has touched a high and low of Rs. 2846.00 and Rs. 2814.20 respectively. So far 15746 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3035.50 on 22-Jan-2021 and a 52 week low of Rs. 1246.00 on 07-Apr-2020.Last one week high and low of the scrip stood at Rs. 3018.80 and Rs. 2706.35 respectively. The current market cap of the company is Rs. 77039.73 crore.The promoters holding in the company stood at 49.24%, while Institutions and Non-Institutions held 38.39% and 12.37% respectively.

Eicher Motors’ motorcycle arm -- Royal Enfield has launched a new version of its adventure-touring motorcycle Himalayan priced at Rs 2.01 lakh (ex-showroom Delhi). The company has introduced the updated model across India, Europe, and the UK, in three new distinctive, terrain-inspired colorways, along with a range of upgrades.

The Himalayan now also comes with the Make It Yours ( MiY) initiative allowing customers to personalize and accessorize their motorcycle across all channels - the RE App, the website, and at dealerships. The 411-cc bike now comes with added features like a turn-by-turn navigation pod besides several upgrades to the seat, the rear carrier, front rack, and a new windscreen.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles

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PNB rises on signing MoU with IOC

Punjab National Bank is currently trading at Rs. 39.85, up by 0.40 points or 1.01% from its previous closing of Rs. 39.45 on the BSE.

The scrip opened at Rs. 39.50 and has touched a high and low of Rs. 40.10 and Rs. 39.30 respectively. So far 1500864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.50 on 12-Feb-2020 and a 52 week low of Rs. 26.30 on 29-Oct-2020

Last one week high and low of the scrip stood at Rs. 42.75 and Rs. 37.35 respectively. The current market cap of the company is Rs. 41334.46 crore.

The promoters holding in the company stood at 76.87%, while Institutions and Non-Institutions held 13.83% and 9.30% respectively.

Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) Indian Oil Corporation (IOC) to provide up to Rs 2 crore to the oil company's dealers. The MoU would benefit dealers with credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements through the PNB e-Dealer scheme.

Understanding the financial requirements and providing ease of banking services, PNB electronic dealer finance scheme is a tailormade credit lending product crafted for the Indian Oil dealers. The loan can be availed maximum up to Rs 2 crore with zero-margin.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

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Bharat Electronics gains on signing contract with MoD

Tata Steel is currently trading at Rs. 691.15, down by 8.40 points or 1.20% from its previous closing of Rs. 699.55 on the BSE. The scrip opened at Rs. 713.00 and has touched a high and low of Rs. 724.40 and Rs.680.40 respectively. So far 1343601 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 731.35 on 07-Jan-2021 and a 52 week low of Rs. 250.90 on 30-Mar-2020.Last one week high and low of the scrip stood at Rs. 724.40 and Rs. 638.80 respectively. The current market cap of the company is Rs. 82915.66 crore.

The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 42.96% and 21.78% respectively.

The company has reported 2- fold jump in its net profit at Rs 3614.94 crore for the third quarter ended December 31, 2020 as compared to net profit at Rs 1803.83 crore for the same quarter in the previous year. Total income of the company increased by 18.24% at Rs 18106.40 crore for Q3FY21 as compared Rs 15313.49 crore for the corresponding quarter previous year.

Last one week high and low of the scrip stood at Rs. 724.40 and Rs. 638.80 respectively. The current market cap of the company is Rs. 82915.66 crore.The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 42.96% and 21.78% respectively.

The company has reported 2- fold jump in its net profit at Rs 3614.94 crore for the third quarter ended December 31, 2020 as compared to net profit at Rs 1803.83 crore for the same quarter in the previous year. Total income of the company increased by 18.24% at Rs 18106.40 crore for Q3FY21 as compared Rs 15313.49 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit from continuing operations for period attributable to owners at Rs 3678.08 crore for the quarter under review as compared to net loss at Rs 1029.11 crore for the same quarter in the previous year. Total income of the company increased by 11.78% at Rs 39809.05 crore for Q3FY21 as compared Rs 35613.34 crore for the corresponding quarter previous year.

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GAIL rises on acquiring IEX's 5% stake in Indian Gas Exchange

The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 132.90 and Rs. 131.30 respectively.  So far 120994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.20 on 15-Jan-2021 and a 52 week low of Rs. 65.70 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 135.40 and Rs. 127.55 respectively. The current market cap of the company is Rs. 59082.86 crore.

The promoters holding in the company stood at 52.12%, while Institutions and Non-Institutions held 43.83% and 4.05% respectively.

GAIL (India) has acquired 5% stake of the Indian Energy Exchange (IEX) in its arm Indian Gas Exchange (IGX). The partnership between the IGX and GAIL

 is a significant development, which will go a long way and add robust value addition in development of the gas markets in the country.

GAIL is committed towards development of gas-based economy in the country. The partnership between GAIL and IGX will benefit the gas sector as a whole

 and pave way for further development of the gas market, more trading through gas exchange and increase in capacity utilisation of pipelines.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

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BPCL shines despite reporting 12% fall in Q3 consolidated net profit

Bharat Petroleum Corporation is currently trading at Rs. 427.20, up by 7.30 points or 1.74% from its previous closing of Rs. 419.90 on the BSE.

The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 438.75 and Rs. 423.35 respectively. So far 527424 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.30 on 10-Feb-2020 and a 52 week low of Rs. 252.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 438.75 and Rs. 402.10 respectively. The current market cap of the company is Rs. 92193.24 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 32.49% and 14.53% respectively.

Bharat Petroleum Corporation (BPCL) has reported 2- fold jump in its net profit at Rs 2777.62 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1260.63 crore for the same quarter in the previous year. Total income of the company increased by 2.57% at Rs 88094.50 crore for Q3FY21 as compared Rs 85883.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 11.89% in its net profit attributable to owners at Rs 1565.23 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1776.35 crore for the same quarter in the previous year. However, total income of the company increased by 1.77% at Rs 88027.16 crore for Q3FY21 as compared Rs 86495.22 crore for the corresponding quarter previous year.

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HCL Technologies inches up on entering into global strategic alliance with Alteryx

HCL Technologies is currently trading at Rs. 962.20, up by 2.70 points or 0.28% from its previous closing of Rs. 959.50 on the BSE.

The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 969.45 and Rs. 950.20 respectively. So far 472951 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1073.55 on 13-Jan-2021 and a 52 week low of Rs. 375.50 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 973.55 and Rs. 896.10 respectively. The current market cap of the company is Rs. 261258.11 crore.

The promoters holding in the company stood at 60.33%, while Institutions and Non-Institutions held 35.21% and 4.46% respectively.

HCL Technologies (HCL) has entered into a global strategic alliance with Alteryx to help companies across the globe succeed in their analytics automation and digital transformation priorities. As part of this strategic engagement, HCL has also been named an Alteryx Elite Alliance Partner.

With HCL’s broad expertise in transforming IT and lines-of-business, the alliance will also accelerate Alteryx usage in Amazon AWS and Microsoft Azure to meet customers’ hybrid cloud modernization needs and strengthen HCL’s portfolio of data science and transformative analytics automation. In addition, HCL’s rapidly growing digital and analytics services will accelerate the digital journey of knowledge workers in the Global 2000 with Alteryx’s unique ease-of-use and unified analytics, data science and process automation capabilities.

HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.

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PNB Housing Finance jumps on planning tie-ups with banks for co-lending in housing loan sector

PNB Housing Finance is currently trading at Rs. 343.65, up by 8.80 points or 2.63% from its previous closing of Rs. 334.85 on the BSE.

The scrip opened at Rs. 335.00 and has touched a high and low of Rs. 347.20 and Rs. 335.00 respectively. So far 3944 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 464.25 on 06-Feb-2020 and a 52 week low of Rs. 146.00 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 372.70 and Rs. 325.25 respectively. The current market cap of the company is Rs. 5779.93 crore.

The promoters holding in the company stood at 32.65%, while Institutions and Non-Institutions held 28.01% and 39.34% respectively.

PNB Housing Finance is looking at forging tie-ups with some banks for co-lending in the housing loan sector and is hopeful that these partnerships will be win-win for consumers, banks and NBFCs.

In November 2020, the RBI had allowed the co-lending scheme for banks under which they can co-lend with the non-banking finance companies (NBFCs), including the housing finance companies (HFCs), based on a prior agreement.

PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.

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