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Wednesday, March 31, 2021
UltraTech Cement trades higher on prepaying Rs 5,000 crore loan
Tuesday, March 30, 2021
Shriram Transport Finance trades higher on planning to raise funds
Shriram Transport Finance Company is currently trading at Rs. 1436.40, up by 8.00 points or 0.56% from its previous closing of Rs. 1428.40 on the BSE.
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Minda Industries surges on getting nod to set up world class lighting manufacturing plant at Gujarat
Minda Industries is currently trading at Rs. 553.50, up by 11.85 points or 2.19% from its previous closing of Rs. 541.65 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 563.60 and Rs. 546.50 respectively. So far 2350 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.35 on 11-Feb-2021 and a 52 week low of Rs. 218.90 on 30-Mar-2020.
Last one week high and low of the scrip stood at Rs. 591.80 and Rs. 517.00 respectively. The current market cap of the company is Rs. 14896.25 crore.
The promoters holding in the company stood at 70.88%, while Institutions and Non-Institutions held 19.84% and 9.27% respectively.
Minda Industries’ board has approved setting up world class lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W automotive Lighting. The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in vicinity of key OEM’s hence will also achieve better logistic management. The plant will have state of art manufacturing facilities with unidirectional flow of material, robotic automation for unloading, motorized conveyor system which will result in better operational efficiencies.
The company had augmented its technical capabilities with acquisition of Delvis last year. The company also plans to tap potential export business in Europe and America in future from this plant. Total capital expenditure for this new facility in Gujarat is Rs 90 crore which will be funded through mix of debt and internal accruals. The plant is expected to commence operations by quarter ending March 2022 and will stabilize in subsequent couple of quarters.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
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Saturday, March 27, 2021
Indian Energy Exchange spurts as its arm introduces new features to enhance ease of trade
Indian Energy Exchange is currently trading at Rs. 339.65, up by 6.80 points or 2.04% from its previous closing of Rs. 332.85 on the BSE.
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Friday, March 26, 2021
Godrej Properties jumps on entering Central Noida with Godrej Woods
Godrej Properties is currently trading at Rs. 1366.00, up by 34.20 points or 2.57% from its previous closing of Rs. 1331.80 on the BSE.
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Adani Enterprises rises on incorporating wholly owned subsidiary company
Adani Enterprises is currently trading at Rs. 995.05, up by 13.50 points or 1.38% from its previous closing of Rs. 981.55 on the BSE.
The scrip opened at Rs. 998.00 and has touched a high and low of Rs. 1018.85 and Rs. 987.00 respectively. So far 155839 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1093.00 on 24-Mar-2021 and a 52 week low of Rs. 121.15 on 30-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1093.00 and Rs. 883.70 respectively. The current market cap of the company is Rs. 107951.86 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.50% and 3.59% respectively.
Adani Enterprises has incorporated a wholly-owned subsidiary namely, 'Kutch Copper' on March 24, 2021. Kutch Copper is incorporated with the object to undertaking Copper business related activities such as manufacture of copper cathodes and copper rods etc.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
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Thursday, March 25, 2021
Laxmi Organic Industries lists with 20.15% premium on the BSE
Laxmi Organic Industries has debuted at Rs 156.20 on the BSE, up by 26.20 points or 20.15% from its issue price of Rs 130.
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Jubilant FoodWorks shines on inking pact with PLK APAC to bring Popeyes to India, Bangladesh, Nepal, Bhutan
Jubilant FoodWorks is currently trading at Rs. 2943.00, up by 73.70 points or 2.57% from its previous closing of Rs. 2869.30 on the BSE.
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Wednesday, March 24, 2021
Lupin gains after its healthcare business enters into partnership with Uttarakhand Police
Lupin is currently trading at Rs. 1019.50, up by 4.45 points or 0.44% from its previous closing of Rs. 1015.05 on the BSE.
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Bank of Maharashtra shines on raising Rs 100 crore through Bonds
Bank Of Maharashtra is currently trading at Rs. 22.25, up by 1.35 points or 6.46% from its previous closing of Rs. 20.90 on the BSE.
The scrip opened at Rs. 22.70 and has touched a high and low of Rs. 22.95 and Rs. 21.90 respectively. So far 1871822 shares were traded on the counter.
Last one week high and low of the scrip stood at Rs. 22.95 and Rs. 18.05 respectively. The current market cap of the company is Rs. 14596.35 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.60% and 3.07% respectively.
Bank of Maharashtra has raised Rs 100 crore through private placement of BASEL III Compliant Tier II Bonds. The bank has allotted 1000 Bonds having face value of Rs 10 lakh each. The maturity date will be March 23, 2031.
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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Tuesday, March 23, 2021
Trident gains on partnering with ‘Kathy Ireland Worldwide Inc, a California Corporation'
Trident is currently trading at Rs. 14.66, up by 0.13 points or 0.89% from its previous closing of Rs. 14.53 on the BSE.
The scrip opened at Rs. 14.68 and has touched a high and low of Rs. 14.84 and Rs. 14.40 respectively. So far 808739 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.98 on 06-Jan-2021 and a 52 week low of Rs. 3.05 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 15.84 and Rs. 13.30 respectively. The current market cap of the company is Rs. 7491.05 crore.
The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 2.54% and 24.44% respectively.
Trident has further strengthened its Brand Portfolio, with the recent addition of ‘Kathy Ireland’ Brand, through the licensing agreement with ‘Kathy Ireland Worldwide Inc., a California Corporation’, under the range of offerings of Home Textiles. Under this exclusive licensing agreement, Trident shall have the right to use the ‘Kathy Ireland’ Brand, in its Home Textiles Products. The collection will also be included in Trident's rapidly expanding e-commerce business, featured on many of the most recognizable platforms in the digital space, as well as at select major brick and mortar retailers.
With this initiative, company will emerge as vigorous International Home Textile Player and will showcase its presence efficaciously to the brand- conscious market of United States of America, Canada, United Kingdom, India and the European Union.
Trident is one of the largest exporters of Home Textile products from India. The company exports to more than 100 countries across 6 continents.
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Maruti Suzuki gains on the BSE
Maruti Suzuki India is currently trading at Rs. 7209.60, up by 106.40 points or 1.50% from its previous closing of Rs. 7103.20 on the BSE.
The scrip opened at Rs. 7130.00 and has touched a high and low of Rs. 7223.00 and Rs. 7130.00 respectively. So far 15783 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8400.00 on 13-Jan-2021 and a 52 week low of Rs. 4002.00 on 03-Apr-2020.
Last one week high and low of the scrip stood at Rs. 7240.00 and Rs. 6906.05 respectively. The current market cap of the company is Rs. 217742.33 crore.
The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.75% and 4.88% respectively.
Maruti Suzuki India is going to increase the prices of vehicles in April 2021. This price increase shall vary for different models. Over the past year the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in April, 2021.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.
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Monday, March 22, 2021
Sonata Software rises on planning to tap customer experience market to fuel growth
Sonata Software is currently trading at Rs. 470.10, up by 2.90 points or 0.62% from its previous closing of Rs. 467.20 on the BSE.
The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 475.60 and Rs. 457.50 respectively. So far 17900 shares were traded on the counter.
Last one week high and low of the scrip stood at Rs. 539.00 and Rs. 452.20 respectively. The current market cap of the company is Rs. 4926.71 crore.
The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.30% and 45.53% respectively.
Sonata Software is planning to tap the Customer Experience (CX) market to fuel growth with the launch of ‘Cxe’, its unique enhanced integrated CX management solutions developed using the ‘Platformation’ approach, Sonata’s highly acclaimed framework for digital transformation. ‘CXe’ is a compelling offering from Sonata designed for clients across the globe looking for holistic end-to-end CX solutions in the post-pandemic new normal.
The global impact of the pandemic has been unprecedented, with the CX market witnessing a major upturn across all regions. The market is projected to grow from $9.26 billion in 2020 to $21.86 billion in 2027 at a CAGR of 13.0% in the 2020 to 2027 period.
Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.
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Britannia Industries surges on raising Rs 700 crore through Commercial Papers
Britannia Industries is currently trading at Rs. 3507.55, up by 41.40 points or 1.19% from its previous closing of Rs. 3466.15 on the BSE.
The scrip opened at Rs. 3464.70 and has touched a high and low of Rs. 3526.00 and Rs. 3460.00 respectively. So far 12072 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4015.00 on 21-Jul-2020 and a 52 week low of Rs. 2100.55 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 3526.00 and Rs. 3380.00 respectively. The current market cap of the company is Rs. 84365.33 crore.
The promoters holding in the company stood at 50.55%, while Institutions and Non-Institutions held 28.32% and 21.14% respectively.
Britannia Industries has raised Rs 700 crore through Commercial Papers on March 19, 2021. Earlier, in September 29, 2020, company had raised Rs 200 crore through Commercial Papers.
Britannia Industries, one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG Segment.
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Saturday, March 20, 2021
Tata Steel surges on the BSE
Tata Steel is currently trading at Rs. 732.60, up by 27.65 points or 3.92% from its previous closing of Rs. 704.95 on the BSE.
The scrip opened at Rs. 703.50 and has touched a high and low of Rs. 736.70 and Rs. 681.20 respectively. So far 930483 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 782.00 on 03-Mar-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. 740.55 and Rs. 681.20 respectively. The current market cap of the company is Rs. 87985.01 crore.
The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 42.96% and 21.78% respectively.
Tata Steel’s Jamshedpur Steel Plant has been recognised as the World Economic Forum’s Advanced 4th Industrial Revolution Lighthouse. With this new milestone, Tata Steel is the one of the few enterprises with three manufacturing sites in the Global Lighthouse network, with Kalinganagar Plant (India) and IJmuiden (the Netherlands) being the other two sites.
The World Economic Forum’s Shaping the Future of Advanced Manufacturing and Production has set up the Global Lighthouse Network to bridge the gap between the manufacturing units that have adopted the Fourth Industrial Revolution Technologies and those who are yet to embrace it. The companies that have been selected as a part of the Lighthouse Network are able to lead the way forward towards the use of technology to transform factories, value chains, and business models.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
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Friday, March 19, 2021
Reliance Industries rises after its arm makes upfront payments to telecom department
Reliance Industries is currently trading at Rs. 2024.55, up by 15.05 points or 0.75% from its previous closing of Rs. 2009.50 on the BSE.
The scrip opened at Rs. 1988.30 and has touched a high and low of Rs. 2029.00 and Rs. 1981.20 respectively. So far 306113 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. 867.82 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 2148.80 and Rs. 1981.20 respectively. The current market cap of the company is Rs. 1367898.90 crore.
The promoters holding in the company stood at 50.54%, while Institutions and Non-Institutions held 38.28% and 11.19% respectively.
Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has made upfront payments to the telecom department for the spectrum bought in the just-ended auctions. The company has made an upfront payment of about Rs 15,019 crore. The auctions held earlier this month raked-in winning bids of over Rs 77,800 crore for 855.6 MHz of spectrum. Reliance Jio spent the most in the auction, picking up 488.35 MHz spectrum in bands such as 800 MHz, 1800 MHz and 2300 MHz for over Rs 57,100 crore.
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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Adani Green Energy trades higher on raising $1.35 billion
Adani Green Energy is currently trading at Rs. 1156.55, up by 21.75 points or 1.92% from its previous closing of Rs. 1134.80 on the BSE.
The scrip opened at Rs. 1134.80 and has touched a high and low of Rs. 1165.00 and Rs. 1081.00 respectively. So far 17170 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1245.00 on 16-Mar-2021 and a 52 week low of Rs. 122.90 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1245.00 and Rs. 1081.00 respectively. The current market cap of the company is Rs. 174231.19 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 23.10% and 1.99% respectively.
Adani Green Energy (AGEL) has raised a $1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in four SPVs in the state of Rajasthan, India.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
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Thursday, March 18, 2021
Jindal Steel and Power trades higher on the bourses
Jindal Steel and Power is currently trading at Rs. 310.65, up by 1.75 points or 0.57% from its previous closing of Rs. 308.90 on the BSE.
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Aditya Birla Capital gains on getting in-principle approval to explore IPO of its arm
Aditya Birla Capital is currently trading at Rs. 126.20, up by 0.40 points or 0.32% from its previous closing of Rs. 125.80 on the BSE.
The scrip opened at Rs. 129.15 and has touched a high and low of Rs. 130.40 and Rs. 125.80 respectively. So far 154589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.60 on 09-Mar-2021 and a 52 week low of Rs. 37.45 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 135.20 and Rs. 124.50 respectively. The current market cap of the company is Rs. 30671.96 crore.
The promoters holding in the company stood at 70.45%, while Institutions and Non-Institutions held 14.92% and 13.93% respectively.
Aditya Birla Capital’s board has given in-principle approval to explore an initial public offering (IPO) of its arm Aditya Birla Sun Life AMC. Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada.
Aditya Birla Capital is one of the largest financial services players in India.
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IndiGo flies high on expanding regional presence
Interglobe Aviation is currently trading at Rs. 1718.40, up by 24.25 points or 1.43% from its previous closing of Rs. 1694.15 on the BSE.
The scrip opened at Rs. 1657.75 and has touched a high and low of Rs. 1725.00 and Rs. 1657.75 respectively. So far 23185 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1822.00 on 03-Mar-2021 and a 52 week low of Rs. 765.05 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1725.00 and Rs. 1630.20 respectively. The current market cap of the company is Rs. 66079.14 crore.
The promoters holding in the company stood at 74.85%, while Institutions and Non-Institutions held 22.93% and 2.23% respectively.
In its bid to strengthen regional connectivity, InterGlobe Aviation (IndiGo) has declared Rajkot as its next destination on the 6E network. The airline will operate direct flights from Rajkot to Bengaluru, Delhi, Mumbai, and Hyderabad as part of its summer 2021 schedule, with effect from March 28, 2021. These new connections will strengthen connectivity between Rajkot and the key metro cities in the country, while fulfilling the demand for enhanced connectivity.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
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Wednesday, March 17, 2021
Birlasoft climbs on partnering with Riversand
Birlasoft is currently trading at Rs. 256.90, up by 2.55 points or 1.00% from its previous closing of Rs. 254.35 on the BSE.
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Apollo Tyres inches up on launching new range of tyres for compact SUVs
Apollo Tyres is currently trading at Rs. 233.50, up by 1.25 points or 0.54% from its previous closing of Rs. 232.25 on the BSE.
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Tuesday, March 16, 2021
Royal Orchid Hotels shines on opening 8 new properties
Royal Orchid Hotels is currently trading at Rs. 74.10, up by 3.75 points or 5.33% from its previous closing of Rs. 70.35 on the BSE.
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AU Small Finance Bank surges on raising Rs 625.5 crore
AU Small Finance Bank is currently trading at Rs. 1218.75, up by 31.50 points or 2.65% from its previous closing of Rs. 1187.25 on the BSE.
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Friday, March 12, 2021
Bata India moves up on roping in Kartik Aaryan as new brand ambassador
Bata India is currently trading at Rs. 1522.00, up by 16.40 points or 1.09% from its previous closing of Rs. 1505.60 on the BSE.
The scrip opened at Rs. 1520.95 and has touched a high and low of Rs. 1523.00 and Rs. 1508.80 respectively. So far 2345 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1705.00 on 11-Jan-2021 and a 52 week low of Rs. 1017.20 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1545.20 and Rs. 1496.25 respectively. The current market cap of the company is Rs. 19351.11 crore.
The promoters holding in the company stood at 52.96%, while Institutions and Non-Institutions held 31.62% and 15.42% respectively.
Bata India has roped in Bollywood actor Kartik Aaryan as its new brand ambassador. Carrying forward Bata's fashion-forward narrative, Kartik will be seen promoting popular brands under the Bata umbrella. The association will begin with the launch of a new campaign by Bata. Kartik will be seen in a series of advertisements across television, digital and other mediums.
The company is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company’s four state-of-the-art production facilities are located strategically across India, producing all kinds of footwear. Currently, the company owns brands like Mocassino, Hush Puppies, Scholls, North Star, Power, Marie Claire, Bubblegummers, Ambassador, Comfit.
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Infosys surges as its arm extends strategic collaboration with Newmont Corporation
Infosys is currently trading at Rs. 1387.85, up by 19.75 points or 1.44% from its previous closing of Rs. 1368.10 on the BSE.
Last one week high and low of the scrip stood at Rs. 1390.30 and Rs. 1306.00 respectively. The current market cap of the company is Rs. 582795.28 crore.
The promoters holding in the company stood at 12.95%, while Institutions and Non-Institutions held 56.01% and 13.78% respectively.
Infosys BPM, the business process management arm of Infosys has extended strategic collaboration with Newmont Corporation, the world's largest gold mining company, to standardize and digitize delivery models across its mine sites. Through this renewed engagement, Infosys BPM will drive operational excellence leveraging automation, artificial intelligence (AI), and design thinking, to deliver increased business value for Newmont.
As part of the engagement, Infosys BPM will provide an enhanced end-to-end digital service to Newmont with its analytics-driven platform-as-a-service offering. Infosys BPM will leverage DigiTran, a solution applying advanced techniques like knowledge management, simulation, and best-in-class processes. DigiTran enables remote transition of services and establishes a sound standard operating procedure (SOP) knowledge base to deliver transparent and harmonized processes.
Infosys is a global leader in next-generation digital services and consulting.
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Thursday, March 11, 2021
Goa Carbon trades higher on the BSE
Goa Carbon is currently trading at Rs. 334.20, up by 19.60 points or 6.23% from its previous closing of Rs. 314.60 on the BSE.
The scrip opened at Rs. 318.25 and has touched a high and low of Rs. 334.20 and Rs. 316.80 respectively. So far 6048 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 363.50 on 18-Feb-2021 and a 52 week low of Rs. 109.25 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 344.55 and Rs. 306.65 respectively. The current market cap of the company is Rs. 299.79 crore.
The promoters holding in the company stood at 59.72%, while Institutions and Non-Institutions held 0.01% and 40.27% respectively.
Goa Carbon’s operation at Paradeep unit has been temporarily shut down for maintenance work from March 08, 2021. The Unit is located at VIII Udayabata, Paradeepgarh, Dist. Jagatsinghpur, Odisha.
Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading Indian petcoke calciner. It is a regular supplier to aluminium smelters, graphite electrode and Titanium Dioxide manufacturers, as well as other users in the metallurgical and chemical industries.
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Vodafone Idea rings loudly on the BSE
Vodafone Idea is currently trading at Rs. 10.28, up by 0.16 points or 1.58% from its previous closing of Rs. 10.12 on the BSE.
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Wednesday, March 10, 2021
Power Grid inches up on acquiring Ramgarh New Transmission
Power Grid Corporation Of India is currently trading at Rs. 217.50, up by 1.55 points or 0.72% from its previous closing of Rs. 215.95 on the BSE.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 239.00 on 24-Feb-2021 and a 52 week low of Rs. 129.75 on 18-Mar-2020.
Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 213.35 respectively. The current market cap of the company is Rs. 112976.18 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.27% and 6.39% respectively.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has acquired Ramgarh New Transmission (RNTL) on March 9, 2021, the Project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW). The entity was acquired for an aggregate value of about Rs 5.61 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company as on the acquisition Date.
Now, the company owns 100 per cent equity in the RNTL. It shall be engaged in the business of transmission of Power. The transmission system (RNTL) comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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Bharat Forge gains on making further investment in Aeron Systems
Bharat Forge is currently trading at Rs. 616.50, up by 3.50 points or 0.57% from its previous closing of Rs. 613.00 on the BSE.
The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 620.80 and Rs. 615.20 respectively. So far 9868 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.10 on 13-Jan-2021 and a 52 week low of Rs. 207.85 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 648.50 and Rs. 605.80 respectively. The current market cap of the company is Rs. 28540.58 crore.
The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 36.07% and 18.16% respectively.
Bharat Forge has made further investment of Rs 4 crore in its associate company - Aeron Systems by way of purchasing 39,000 equity shares of face value Rs 10 each at a premium of Rs 1,015.64 in accordance with the terms of Shareholders Agreement with Aeron and its founders. Consequently, the company's stake in Aeron has been increased from 26% to 36% (fully diluted).
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and
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Tuesday, March 09, 2021
PSP Projects moves up on receiving LoA of Rs 1491.34 crore
PSP Projects is currently trading at Rs. 490.70, up by 12.50 points or 2.61% from its previous closing of Rs. 478.20 on the BSE.
Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 467.45 respectively. The current market cap of the company is Rs. 1721.52 crore.
The promoters holding in the company stood at 74.19%, while Institutions and Non-Institutions held 6.68% and 19.13% respectively.
PSP Projects has received Letter of Acceptances (LoA) amounting to Rs. 1491.34 crore (excluding GST) for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh. Additionally, the company has secured new work orders worth Rs 25.58 crore (excluding GST) for residential and institutional projects from various clients in Gujarat.
With receipt of the above, the total work orders received during financial year 2020-21 on standalone basis amounts to Rs 2436.86 crore (excluding GST) and the outstanding order book considering December books stands at Rs 4736.88 crore (excluding GST).
PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.
DCW shines on raising Rs 410 crore through NCDs
DCW is currently trading at Rs. 30.90, up by 0.95 points or 3.17% from its previous closing of Rs. 29.95 on the BSE.
Monday, March 08, 2021
SBI Cards and Payment Services surges on planning to raise up to Rs 2,000 crore
SBI Cards And Payment Services is currently trading at Rs. 1066.85, up by 8.55 points or 0.81% from its previous closing of Rs. 1058.30 on the BSE.
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Saturday, March 06, 2021
Business will be easy:Government can remove more than 6 thousand Compliance, will get relief by filling unregistered form
There are 13 PLI schemes worth Rs 1.97 lakh crore to promote local manufacturing
IT hardware is estimated to have a production value of 3 lakh crore rupees in four years
The government is planning to ease business at both the state and central levels. Government can remove such 6 thousand Compliance. These are processes that no longer have much meaning.
Government wants to ease business
Prime Minister Narendra Modi said that the government wants to ease business. So it is eliminating such things (needs of compliance). He said that we are taking it seriously. The imperative of filling in countless forms has to be eliminated. Modi was addressing a webinar on the Production Linked Incentive (PLI) scheme related to production. He said that the suggestion of industry people is important in this matter.
The effort started last year only
The Department for Promotion of Industry and Internal Trade (DPIIT) secretary Guruprasad Mohapatra said last year that the Center has started identifying wasteful rules in state and central laws. These are the rules that are not needed for companies operating in India. It can be removed. Can be removed to reduce.
Marriet's CEO gave the idea
Mahapatra said the idea came up during Modi's meeting with Arne Sorenson, president and chief executive of Marriott International. He had complained about the complex rules in starting and running a hotel in India. Cited a study by the National Restaurants Association of India (NRAI). He said that to get a license from Delhi Police to open a restaurant, 45 types of documents are required. At least 12 documents have to be collected for new weapon licenses (19) and for fireworks licenses.
Most firms are struggling with governance framework
The survey noted that a major challenge facing most firms is the complexity of the governance framework. It contains a lot of old laws. Modi said that in the case of PLI, the government is also looking at the rules of those countries which have been successful in accelerating the growth by promoting manufacturing. He said that manufacturing firms should make India their base. The number and strength of our domestic industry, our small and medium enterprises (MSMEs) should expand more and more.
520 billion production target
The government has set a target of producing about $ 520 billion in India in the next 5 years. With this, 13 PLI schemes worth Rs 1.97 lakh crore have been announced to promote local manufacturing. Modi said that IT hardware is expected to achieve a production value of 3 lakh crore rupees in four years. There will be an increase of Rs 2.5 lakh crore in telecom gear manufacturing. We should be able to export goods worth 2 lakh crore rupees from it.
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Microsoft email software flaw raises alarms at White House
Newly discovered flaws in Microsoft Corp.’s software for email has raised concerns at the highest levels of the U.S. government, which is urging users to immediately apply patches.
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