Wednesday, March 31, 2021

UltraTech Cement trades higher on prepaying Rs 5,000 crore loan

Ultratech Cement is currently trading at Rs. 6803.55, up by 13.30 points or 0.20% from its previous closing of Rs. 6790.25 on the BSE.

The scrip opened at Rs. 6810.00 and has touched a high and low of Rs. 6850.00 and Rs. 6780.00 respectively. So far 10948 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6959.15 on 23-Mar-2021 and a 52 week low of Rs. 3029.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 6910.80 and Rs. 6637.45 respectively. The current market cap of the company is Rs. 197669.85 crore.

The promoters holding in the company stood at 59.97%, while Institutions and Non-Institutions held 30.98% and 8.98% respectively.

UltraTech Cement has prepaid its long-term loans of Rs 5,000 crore. The loan repayment has been done through free cash flows that the company has generated over the last few quarters despite the pandemic. This is in line with the company’s endeavour to maintain optimal capital structure. However, the company did not share the deadline by which the long-term loans were to be prepaid.

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.

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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.

The scrip opened at Rs. 1432.00 and has touched a high and low of Rs. 1441.85 and Rs. 1417.25 respectively. So far 38982 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.90 on 15-Feb-2021 and a 52 week low of Rs. 487.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1471.00 and Rs. 1349.10 respectively. The current market cap of the company is Rs. 36237.14 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 67.16% and 6.36% respectively.

Shriram Transport Finance Company (STFC) is planning to raise funds by way of issue of redeemable non-convertible debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions. In this regard, the meeting(s) of the concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee, Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities during the month ending April 30, 2021.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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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.

The scrip opened at Rs. 344.80 and has touched a high and low of Rs. 347.05 and Rs. 335.65 respectively. So far 88191 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 392.45 on 19-Mar-2021 and a 52 week low of Rs. 120.05 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 388.10 and Rs. 328.80 respectively. The current market cap of the company is Rs. 10187.92 crore.

The Institutions holding in the company stood at 66.24%, while Non-Institutions held 33.76%.

Indian Energy Exchange’s (IEX) wholly owned subsidiary -- Indian Gas Exchange (IGX) has introduced market-friendly features including improved auction methodology aimed at enhancing the ease of trade for market participants.

The move is aimed at enhancing ease of trade for market participants and allowing them the price and volume visibility across hubs. The new trading features would encourage greater participation on the Exchange and help to build gas markets.

IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.

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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.

The scrip opened at Rs. 1340.00 and has touched a high and low of Rs. 1393.65 and Rs. 1340.00 respectively. So far 32818 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1573.45 on 01-Mar-2021 and a 52 week low of Rs. 572.55 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1448.65 and Rs. 1322.00 respectively. The current market cap of the company is Rs. 38051.79 crore.

The promoters holding in the company stood at 64.44%, while Institutions and Non-Institutions held 25.77% and 9.79% respectively.

Godrej Properties (GPL) has sold over 275 residences worth Rs 475 crore within one day at the launch of its project, Godrej Woods, in Noida making this one of the most successful residential launches in NCR.

Situated in Sector 43, Godrej Woods offers homes set amidst a lush green development with over 600 trees. The project offers several lifestyle amenities such as infinity-edge pools, a cafe, forest trail, and an elevated walkway. Sector 43 has excellent connectivity due to its proximity to the Dadri Main Road in Central Noida in addition to the access to high quality social infrastructure.

Godrej Properties entered the NCR Market in 2010 and has so far added 17 projects across 5 cities with 6 projects having already been delivered.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

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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.


The scrip is currently trading at Rs 157.00, up by 27.00 points or 20.77% from its issue price. It has touched a high and low of Rs 164.60 and Rs 143.00 respectively. So far 33.65 lakh shares were traded on the counter.

The offering, which was open for subscription between March 15, 2021 and March 17, 2021, was subscribed 106.81 times. The issue price was fixed at Rs 130 per share i.e. at upper end of price band of Rs 129-130 apiece.

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates and solvents catering to diverse end-market sectors like pharmaceuticals, agrochemicals, food packaging, pigments and coatings.

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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.

The scrip opened at Rs. 2965.00 and has touched a high and low of Rs. 2980.25 and Rs. 2920.70 respectively. So far 8920 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3215.00 on 23-Feb-2021 and a 52 week low of Rs. 1175.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2980.25 and Rs. 2690.00 respectively. The current market cap of the company is Rs. 37865.88 crore.

The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 52.50% and 5.56% respectively.

Jubilant FoodWorks (JFL) has entered into an exclusive Master Franchise and Development Agreement with PLK APAC, a subsidiary of Restaurant Brands International Inc. (RBI), to develop, establish, own and operate hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan in the coming years. Popeyes will be an exciting addition to the JFL portfolio and is expected to become one of the key drivers of growth for company in the coming years.

Founded in New Orleans in 1972, Popeyes has more than 45 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring the iconic chicken sandwich, spicy chicken, chicken tenders, fried shrimp, and other regional items.

Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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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.

The scrip opened at Rs. 1016.70 and has touched a high and low of Rs. 1024.90 and Rs. 1005.20 respectively. So far 41748 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1121.85 on 18-Sep-2020 and a 52 week low of Rs. 536.80 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1027.45 and Rs. 978.05 respectively. The current market cap of the company is Rs. 46215.66 crore.

The promoters holding in the company stood at 46.88%, while Institutions and Non-Institutions held 40.05% and 12.79% respectively.

Lupin’s consumer healthcare business -- LupinLife has entered into partnership with Uttarakhand Police for Kumbh Mela 2021. During the Kumbh, LupinLife will provide five lakh LupiSafe hand sanitizers to policemen and frontline workers deployed at strategic locations - parking spots, food centres, health centres and bathing areas - in Hardwar to keep them safe from COVID-19 and other infections.

LupinLife will also provide brochures to the tourists to ensure they have access to critical information. These include road traffic routes to and from adjoining cities, major bathing dates, demarcated parking spots, etc to help tourists navigate their way easily. The brochures will be distributed at major parking spots to the tourists entering Hardwar by car.

Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.

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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.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.73 on 19-Feb-2021 and a 52 week low of Rs. 8.15 on 26-Mar-2020.

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.


The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 539.00 on 16-Mar-2021 and a 52 week low of Rs. 148.10 on 24-Mar-2020.

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.

The scrip opened at Rs. 312.50 and has touched a high and low of Rs. 318.45 and Rs. 302.55 respectively. So far 351181 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 354.70 on 03-Mar-2021 and a 52 week low of Rs. 62.10 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 332.50 and Rs. 302.55 respectively. The current market cap of the company is Rs. 31248.19 crore.

The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 26.91% and 12.62% respectively.

TRB Iron Ore Mines of Jindal Steel and Power (JSPL) in Tensa of Sundergarh district of Orissa has been honoured with the prestigious Kalinga Safety Excellence Award-2019 in the Gold category for exemplary efforts in maintaining best safety practices. The award was conferred at the Odisha State Safety Conclave-2020 held in Bhubaneswar. TRB iron ore mines for the third consecutive year bagged this Kalinga Safety Award while in October 2020 it had won the prestigious Bala Gulshan Tandon FIMI Excellence Award for its efforts in ensuring ecological balance through sustainable mining.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

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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.

The scrip opened at Rs. 256.55 and has touched a high and low of Rs. 259.90 and Rs. 254.05 respectively. So far 86366 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 284.00 on 08-Feb-2021 and a 52 week low of Rs. 47.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 259.90 and Rs. 238.80 respectively. The current market cap of the company is Rs. 7177.55 crore.

The promoters holding in the company stood at 40.74%, while Institutions and Non-Institutions held 34.43% and 24.83% respectively.

Birlasoft has entered into partnership with Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) solution provider.
For over 30 years, Birlasoft has advised and implemented the most innovative technologies for customers on their digital transformation journeys. Birlasoft will serve as an implementation partner for Riversand’s Master Data Experience (MDxP) platform. Birlasoft has strong Master Data Management competency across Manufacturing, Life Sciences, Energy and Utilities and the Banking and Financial Services industries.

Birlasoft combines the power of domain, enterprise and digital technologies to reimagine business processes for customers and their ecosystem. The company’s consultative and design thinking approach makes societies more productive by helping customers run businesses.

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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.

The scrip opened at Rs. 235.65 and has touched a high and low of Rs. 235.65 and Rs. 231.25 respectively. So far 6826 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 261.20 on 04-Mar-2021 and a 52 week low of Rs. 73.55 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 245.50 and Rs. 230.65 respectively. The current market cap of the company is Rs. 14750.22 crore.

The promoters holding in the company stood at 37.61%, while Institutions and Non-Institutions held 34.73% and 27.66% respectively.

Apollo Tyres has launched a new range of tyres for the fast-growing compact SUV segment. The company has launched Apterra Cross tyres in the country after two years of extensive testing and tuning. This is the first dedicated range of tyres that caters to the compact SUV segment, the hottest selling segment of the decade, in the Indian automotive industry. The company has the first mover advantage with Apollo Apterra Cross, and Apollo targeting at a leadership position in this segment. 

The Apterra Cross tyres is an outcome of an in-depth research to understand the exact usage patterns of compact SUV owners/drivers, basis which the team at Apollo Tyres Global R&D Centre Asia, in Chennai, designed and developed the new tyres. The tyre range is being produced at the company's unit in Oragadam, Tamil Nadu.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.

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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.

The scrip opened at Rs. 70.95 and has touched a high and low of Rs. 77.00 and Rs. 70.95 respectively. So far 12364 shares were traded on the counter.


The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.80 on 24-Aug-2020 and a 52 week low of Rs. 32.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 77.00 and Rs. 69.10 respectively. The current market cap of the company is Rs. 207.33 crore.

The promoters holding in the company stood at 69.42%, while Institutions and Non-Institutions held 5.04% and 25.54% respectively.

Royal Orchid Hotels has opened 8 new properties under the brand Regenta Resort, Regenta Central and Regenta Inn. Three business hotels were opened in prominent business districts in cities like Bangalore and Noida. Three business/Leisure hotels were opened in Goa (Panjim), Jaipur and Ajmer. Two leisure properties were launched as well, one in Mashobra and the other in Udaipur.

The new hotels launched in Bangalore, Noida, Goa, Jaipur and Ajmer will help fortify the group’s position as one of the leaders in the corporate business market. These hotels are located in close proximity to the cities central business district and other transport hubs which is predicted to feed a strong demand pipeline originating from industrial organisations and IT companies.

Royal Orchid Hotels is one of India's fastest-growing hospitality brands. It caters to business and leisure travellers who value comfort, great cuisine, distinctly warm Indian hospitality, and value for money. Its modern and fully equipped hotels, resorts, long-stay suites, and inns are what make its guests return time and time again to its properties in metro cities, holiday destinations, pilgrimage sites and wildlife parks.

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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.

The scrip opened at Rs. 1198.90 and has touched a high and low of Rs. 1238.05 and Rs. 1198.90 respectively. So far 8035 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1315.80 on 09-Mar-2021 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. 1274.00 and Rs. 1179.00 respectively. The current market cap of the company is Rs. 36459.26 crore.

The promoters holding in the company stood at 28.98%, while Institutions and Non-Institutions held 51.70% and 19.32% respectively.

AU Small Finance Bank has completed the allotment of equity shares under its Qualified Institutions Placement (QIP) and has successfully raised Rs 625.5 crore through the issuance of 50,00,000 equity shares at an issue price of Rs 1,251 per share. The issue was launched on March 9 with a floor price of Rs 1,181.06 a piece.

The QIP witnessed strong reception from both domestic and international institutional investors and the entire QIP was subscribed by sovereign wealth funds, large foreign portfolio investors, life insurance company and domestic mutual funds.

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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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.

The scrip opened at Rs. 1372.00 and has touched a high and low of Rs. 1390.30 and Rs. 1372.00 respectively. So far 15069 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1392.70 on 13-Jan-2021 and a 52 week low of Rs. 511.10 on 19-Mar-2020.

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.

The scrip opened at Rs. 10.19 and has touched a high and low of Rs. 10.38 and Rs. 10.12 respectively. So far 31509985 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.80 on 15-Jan-2021 and a 52 week low of Rs. 2.91 on 18-Mar-2020.

Last one week high and low of the scrip stood at Rs. 11.15 and Rs. 9.90 respectively. The current market cap of the company is Rs. 29539.98 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.47% and 20.48% respectively.

Vodafone Idea is in advance stages of processing order for network capacity expansion in six circles through Chinese telecom gear makers. The order will be only for expansion of existing telecom network capacity where the contract was already awarded to the Chinese vendors. The company is planning network expansion in six circles where networks are getting heavy traffic. Both Huawei and ZTE supply equipment to Vodafone Idea. The expansion order to Chinese vendors will be for non-core networks.

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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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 scrip opened at Rs. 220.35 and has touched a high and low of Rs. 220.35 and Rs. 215.30 respectively. So far 10570 shares were traded on the counter.


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.

The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.00 and Rs. 488.60 respectively. So far 2898 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 506.00 on 08-Feb-2021 and a 52 week low of Rs. 233.80 on 24-Mar-2020.

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.

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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.

The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 30.90 and Rs. 30.65 respectively. So far 10813 shares were traded on the counter.


The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.65 on 09-Mar-2021 and a 52 week low of Rs. 6.97 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 31.65 and Rs. 27.20 respectively. The current market cap of the company is Rs. 781.79 crore.

The promoters holding in the company stood at 46.73%, while Institutions and Non-Institutions held 6.48% and 46.79% respectively.

DCW has raised Rs 410 crore through issuance of debentures to refinance debt and augment working capital. It has completed the refinancing of its debt with the issuance of NCDs (Non-Convertible Debentures) amounting Rs 350 crore and OCDs (Optionally Convertible Debentures) to be converted into equity within 18 months, amounting Rs 60 crore.

The company will utilise the funds to refinance the existing term loans and augment working capital. The company expects this fund raise to enhance capacity utilisation and meet increasing product demand. These NCD's carries moratorium of 18 months and tenure of six years.

DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.

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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.

The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1078.00 and Rs. 1058.05 respectively. So far 59157 shares were traded on the counter.


The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1149.00 on 24-Feb-2021 and a 52 week low of Rs. 495.25 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 1139.30 and Rs. 1047.00 respectively. The current market cap of the company is Rs. 100250.61 crore.

The promoters holding in the company stood at 69.40%, while Institutions and Non-Institutions held 9.74% and 20.86% respectively.

SBI Cards and Payment Services (SBI Card) is planning to raise up to Rs 2,000 crore through the issuance of debt securities in one or more tranches. A meeting of the board of directors of the company is scheduled to be held on Friday (March 12) to consider and approve raising of funds by way of issuance of non-convertible debentures, aggregating to Rs 2,000 crore.

SBI Cards and Payment Services is a payment solutions provider in India.

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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.

At least 30,000 organizations across the U.S., including significant numbers of small businesses and local governments, have been hacked via holes in Microsoft’s email software in the last few days by suspected Chinese attackers who are focused on stealing email from victims, the blog KrebsonSecurity reported Friday.


This is a significant vulnerability that could have far-reaching impacts," said Jen Psaki, the White House press secretary, speaking at a briefing. “We are concerned there are a large number of victims." She characterized the incident as an “active threat."

Her remark comes after Microsoft disclosed on Tuesday that nation-state hackers based in China were exploiting previously unknown flaws in on-premise versions of the software and released patches for them. The following day, the Cybersecurity and Infrastructure Security Agency, which is known as CISA and is part of the Department of Homeland Security, issued an emergency directive in response to “observed active exploitation of these products." As a result, civilian agencies and departments were directed to apply the patches, or disconnect Microsoft Exchange from their networks, and to look for compromises.

Government concern over the flaws continued to build over the course of the week. On Thursday, CISA released an alert stating that it was aware of hackers using tools to search for servers that hadn’t yet been patched. That evening, National Security Advisor Jake Sullivan wrote on Twitter that the U.S. is “closely tracking Microsoft’s emergency patch." He cited “reports of potential compromises of U.S. think tanks and defense industrial base entities."

The specific targets and timing of the hacking remains unknown. Defense Department spokesman John Kirby said the Pentagon is assessing its systems based on Microsoft’s advisory. The cybersecurity firm FireEye Inc. found that victims included “U.S.-based retailers, local governments, a university, and an engineering firm." The version of exchange targeted by hackers is typically run by small businesses, putting them at special risk, according to Allan Liska, an analyst at the firm Recorded Future Inc..

A Microsoft representative said the vulnerabilities were disclosed to the company in early January. Microsoft isn’t aware of attacks before then, the representative said.

The cybersecurity firm Volexity reported finding attacks leveraging the flaws that date back to as early as Jan. 6. However, CISA urged operators to look for compromises dating back to September, “out of an abundance of caution," according to a spokesperson.

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Yes Bank at Rs 11 or Rs 30? Here's the stock outlook after 50% rally in two months

  Market experts expect that both investors to bring in vast experience and expertise in the financial domain to handhold Yes Bank for its n...