Pharma stock announces 1930% special dividend. 5 things you should know

  Dividend paying stock: Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday  respectively.

 Dividend paying stock:The board of directors of pharma company Sanofi India has recommended special dividend of ₹193 against face value of ₹10 per equity share (1930 per cent) for the financial year ending 31st December 2022. The company board announced the decision after its scheduled board meeting held on 26th July 2022. the board also fixed 8th August 2022 as record date for one time special dividend payment.

Sanofi India informed Indian bourses about the special dividend payment citing, "The Board of Directors of the Company at its Meeting held today has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. The Meeting of Board of Directors commenced at 2.00 p.m. and concluded at 5.10 p.m. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022."

Here we list out 5 things that Sanofi India shareholders should know:

1] Special one time dividend:The company board has announced one time special dividend of ₹193 per equity share.

2] Sanofi India dividend record date:The record date for one time special dividend payment has been fixed on 8th August 2022.

3] Sanofi India dividend ex- date:Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday respectively.

4] Dividend payment:  The said dividend will be paid on or after 22nd August 2022.

5] Dividend yield: Earlier on 12th April 2022, Sanofi India shares had trade ex-dividend for payment of ₹181 per equity share final dividend and ₹309 per share for special dividend, net dividend announced by the company in the year 2022 is ₹683( ₹193 + ₹309 + ₹109). Sanofi India share price today is ₹6,600 per share, this means current dividend yield of the stock in 2022 is whopping 10.35 per cent [( ₹683 / 6600) / 6600].

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

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

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

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

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

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

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

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

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

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Wipro inches up on inking pact with and ProcessMaker

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

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

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

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

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

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

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

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

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

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

The scrip opened at Rs. 3494.00 and has touched a high and low of Rs. 3525.00 and Rs. 3456.15 respectively. So far 74527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4923.20 on 20-Feb-2020 and a 52 week low of Rs. 1783.10 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 3629.00 and Rs. 3393.65 respectively. The current market cap of the company is Rs. 208615.74 crore.

The promoters holding in the company stood at 56.20%, while Institutions and Non-Institutions held 31.35% and 12.22% respectively.

Bajaj Finance has raised Rs 400 crore through Secured redeemable non-convertibles debentures (NCDs) and allotted 4000 NCDs of face value of Rs 10 lakh each on private placement basis. The Debenture Allotment Committee of the Company at its meeting held on September 10, 2020 has alloted and approved the same

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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TCS trades higher on the bourses

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

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

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

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

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

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

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

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

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Mindtree trades higher on partnering with Mölnlycke

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

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

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

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

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

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

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

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

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RIL surges as its arm acquiring Retail & Wholesale Business, Logistics & Warehousing Business of Future Group

Reliance Industries is currently trading at Rs. 2150.00, up by 34.40 points or 1.66% from its previous closing of Rs. 2115.60 on the BSE.

The scrip opened at Rs. 2172.00 and has touched a high and low of Rs. 2172.00 and Rs. 2134.00 respectively. So far 83214 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2172.00 and Rs. 2047.25 respectively. The current market cap of the company is Rs. 1430576.68 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures (RRVL) is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set-out in the composite scheme of arrangement (Scheme). The said acquisition is being done as part of the Scheme in which Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises (FEL).

The acquisition of the retail, wholesale and supply chain business of the Future Group complements and makes a strong strategic fit into Reliance’s retail business. This will help Reliance retail to accelerate providing support to millions of small merchants in increasing their competitiveness and enhance their income during these challenging times.

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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Reliance Industries rises as its arm acquires stake in Vitalic Health and its subsidiaries

Reliance Industries is currently trading at Rs. 2142.95, up by 24.20 points or 1.14% from its previous closing of Rs. 2118.75 on the BSE.

The scrip opened at Rs. 2141.95 and has touched a high and low of Rs. 2150.00 and Rs. 2137.20   respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2156.50 and Rs. 2070.00 respectively. The current market cap of the company is Rs. 1432705.40 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired equity shares of Vitalic Health (Vitalic) and its subsidiaries for a cash consideration of around Rs 620 crore. The said investment represents around 60% holding in the equity share capital of Vitalic and direct 100% equity ownership of its subsidiaries, viz: Tresara Health (THPL), Netmeds Marketplace (NML) and Dadha Pharma Distribution (DPDPL). RRVL will further acquire equity stake in Vitalic, through a mix of secondary purchase and primary investment, for at least 80% stake by April 2024, with an option to increase to 100% ownership.

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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Apollo Hospitals Enterprise Ltd. shares up 0.45% as Nifty gains

Shares of Apollo Hospitals Enterprise Ltd. traded 0.45 per cent up in Monday's trade at 11:07AM (IST). Around 13,923 shares changed hands on the counter.

The stock opened at Rs 1710.0 and touched an intraday high and low of Rs 1726.0 and Rs 1686.45, respectively, in the session so far. Shares of the company of Apollo Hospitals Enterprise Ltd. quoted a 52-week high of Rs 1814.0 and a 52-week low of Rs 1047.45.

Total market cap of the Apollo Hospitals Enterprise Ltd. stood at Rs 23902.4 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2922.43 crore for the quarter ended 31-Mar-2020, up 0.37 per cent from previous quarter's Rs 2911.74 crore and up 16.92 per cent from the year-ago quarter's Rs 2499.5 crore.

The net profit for latest quarter stood at Rs 219.36 crore, up 158.4 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, DIIs held 8.36 per cent stake in the company, while foreign institutional investors held 46.58 per cent and the promoters 30.82 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 52.54 and a price-to-book ratio of 6.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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Indiabulls Housing Finance Ltd. shares rise 1.82% as Sensex slides

Shares of the Indiabulls Housing Finance Ltd NSE 1.84 %. traded at Rs 218.65 on BSE at 11:21AM (IST) on Wednesday, up 1.82 per cent from previous close.

The scrip quoted a 52-week low price of Rs 81.25 and a high of Rs 625.0.

Earlier, shares of the company saw a opening in the morning.

A total of 890,111 lakh shares changed hands on the counter till 11:21AM (IST).

The stock of Indiabulls Housing Finance Ltd. commands a market value of Rs 9299.74 crore.

The stock traded at a price-to-earning (P/E) multiple of 4.23, while the price-to-book value ratio stood at 0.59. Return on equity (ROE) was at 14.15 per cent, according to exchange data.

In the BSE500 pack, 258 stocks traded in the green, while 242 stocks were in the red.

Promotor Holding

Promoters held 23.43 per cent in the Indiabulls Housing Finance Ltd. as of 30-Jun-2020 while foreign portfolio investors and domestic institutional investors owned 38.28 per cent and 0.17 per cent, respectively.

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HDFC Life Insurance Company inches up on raising Rs 600 crore through NCDs

HDFC Life Insurance Co is currently trading at Rs. 638.00, up by 0.50 points or 0.08% from its previous closing of Rs. 637.50 on the BSE.

The scrip opened at Rs. 642.00 and has touched a high and low of Rs. 645.00 and Rs. 631.00 respectively. So far 46767 shares were traded on the counter.

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

Last one week high and low of the scrip stood at Rs. 647.50 and Rs. 612.85 respectively. The current market cap of the company is Rs. 128783.20 crore.

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

HDFC Life Insurance Company has raised Rs 600 crore through Unsecured, Rated, Listed, Subordinated, Redeemable, Fully Paid-up Non-Convertible Debentures (NCDs) and allotted 6,000 NCDs having a face value of Rs 10,00,000 for cash, at par, in dematerialized form, on private placement basis to the identified parties.

The Board of Directors at its meeting held on July 29, 2020 has approved and allotted the same.

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

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Bharti Airtel gains on renewing agreement with Ericsson to manage pan-India network operations

Bharti Airtel is currently trading at Rs. 570.30, up by 2.55 points or 0.45% from its previous closing of Rs. 567.75 on the BSE.

The scrip opened at Rs. 568.00 and has touched a high and low of Rs. 569.50 and Rs. 563.00 respectively. So far 81212 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 321.60 on 01-Aug-2019.

Last one week high and low of the scrip stood at Rs. 583.80 and Rs. 553.50 respectively. The current market cap of the company is Rs. 307557.05 crore.

The promoters holding in the company stood at 58.98%, while Institutions and Non-Institutions held 36.12% and 4.91% respectively.

Bharti Airtel has renewed its agreement with Swedish telecom gear maker Ericsson to manage pan-India network operations. Under the agreement, Ericsson will also manage Airtel's network operations center and field maintenance activities across India.

The three-year deal will see Airtel launching Ericsson Operation Engine during 2020. Ericsson will deploy the latest automation, machine learning, and artificial intelligence (AI) technologies to enhance Airtel's mobile network performance and customer experience. Ericsson has been providing telecom network equipment and services for 2G, 3G, 4G, and recently both the companies started running 5G trials.

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

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