Wipro shares trade near 52-week low after disappointing Q1. What brokerages recommend?

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals, trading near its 52-week low level after the company missed analyst estimates for June-quarter profit on Wednesday, as higher employee-related costs pushed up the information technology servicesfirm's overall expenses.

The Indian IT company’s net profit for the June quarter declined 20.7% to ₹2,563 crore from ₹3,232 crore in the year-ago period. The revenue for the June quarter grew 19% annually to ₹21,529 crore on the back of a strong demand environment for cloud, digital engineering, and cyber security services.

Wipro forecast higher revenue growth from IT services on the back of a strong project pipeline, and said margins likely bottomed out after higher expenses dented June-quarter profit.

“Wipro's 1QFY23 results missed estimates, with the 200bps QoQ margin decline being the key disappointment. Deal TCV at US$1.1bn, strong net hiring, and healthy 2Q guidance of 3-5% QoQcc were encouraging. We lower our estimates by 1-6% and expect Wipro to deliver a 6% EPS CAGR in FY22-25. Weak EPS growth, a high risk of cuts to consensus estimates, and heavy reliance on acquisitions should weigh on the stock," said analysts at Jefferies while maintaining underperform rating on Wipro shares with a target price of ₹360.

Wipro's expenses during the first quarter ended June 2022, which includes employee cost, jumped almost 23% to ₹18,647.5 crore, with attrition rate at 23.3%. The operating margin in the IT services segment decreased by 200 basis points to 15% quarter-on-quarter.

“We cut FY23/FY24/FY25 EPS estimates by 6.5%/1.8%/2.8%, considering the Q1 miss. Management commentary remains fairly confident on revenue acceleration ahead. However, it shied away from giving any timeline on the margin returning to the mediumterm target range of 17-17.5%, which remains an irritant," said another brokerage Emkay. It has maintained Buy tag on the IT stock with a revised target price of ₹490 (from ₹500 earlier).

Indian top IT services companies' June-quarter earnings started on a weak note, with TCS and HCL Technologies also missing their first-quarter profit estimates. Infosys is yet to announce its Q1 earnings.

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M&M rides high after its step-down arm incorporates wholly owned Subsidiary

Mahindra & Mahindra is currently trading at Rs. 791.40, up by 10.20 points or 1.31% from its previous closing of Rs. 781.20 on the BSE.

The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 791.75 and Rs. 776.95 respectively. So far 49864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 291.05 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 809.60 and Rs. 769.70 respectively. The current market cap of the company is Rs. 98131.40 crore.

The promoters holding in the company stood at 19.44%, while Institutions and Non-Institutions held 66.14% and 14.17% respectively.

Mahindra & Mahindra’s (M&M) step down subsidiary -- Mahindra Susten (MSPL) has incorporated a wholly owned Subsidiary namely ‘Mahindra Solarize’ on April 06, 2021. MSPL has incorporated Mahindra Solarize to mainly undertake business for Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry based products including Engineering Procurement & Construction (EPC). Mahindra Susten is a wholly owned subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of M&M.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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IDFC First Bank zooms on raising Rs 3,000 crore

IDFC First Bank is currently trading at Rs. 56.70, up by 1.40 points or 2.53% from its previous closing of Rs. 55.30 on the BSE.

The scrip opened at Rs. 55.30 and has touched a high and low of Rs. 56.95 and Rs. 55.05 respectively. So far 1242051 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.30 on 04-Mar-2021 and a 52 week low of Rs. 18.50 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 57.80 and Rs. 53.75 respectively. The current market cap of the company is Rs. 35179.06 crore.

The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 27.51% and 32.49% respectively.

IDFC First Bank’s Capital Raising Committee has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 57.35 per Equity Share (including a premium of Rs 47.35 per Equity Share), aggregating to Rs 3,000 crore pursuant to the Issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs 6198,95,35,150 consisting of 619,89,53,515 Equity Shares. The Capital Raising Committee at its meeting held on April 06, 2021, has approved the issue and allotment of the same.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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RBL Bank jumps on logging 26% growth in deposits during Q4FY21

RBL Bank is currently trading at Rs. 209.70, up by 3.35 points or 1.62% from its previous closing of Rs. 206.35 on the BSE.

The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 213.30 and Rs. 206.70 respectively. So far 686967 shares were traded on the counter

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 101.60 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 217.10 and Rs. 203.10 respectively. The current market cap of the company is Rs. 12528.53 crore.

The Institutions and Non-Institutions holding in the company stood at 59.84% and 40.16% respectively.

RBL Bank has recorded Gross Advances (provisional) of Rs 60,012 crore in the fourth quarter ending March 2021 (Q4FY21) period, registering a 2% rise from advances of Rs 58,966 crore in the corresponding period of the previous year. The bank witnessed total deposits (provisional) of Rs 73,123 crore in Q4FY21 rising by 26% from Rs 57,812 crore a year ago same period. The bank's CASA stood at Rs 23,264 crore in Q4FY21 increasing by 36% Year on Year (YoY). While the CASA ratio was at 31.8% in Q4FY21 versus 29.6% in Q4FY20.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.

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Entertainment stocks tumble as Maharashtra govt shuts cinema halls

Entertainment stocks were trading lower as Maharashtra government ordered shutting down cinema halls, theatres and multiplexes for public access until further notice to bring the spread of Covid-19 under control. 

PVR is currently trading at Rs. 1138.45, down by 98.35 points or 7.95% from its previous closing of Rs. 1236.80 on the BSE. The scrip opened at Rs. 1179.00 and has touched a high and low of Rs. 1195.50 and Rs. 1138.40 respectively. So far 82714 shares were traded on the counter.

Inox Leisure is currently trading at Rs. 263.25, down by 15.80 points or 5.66% from its previous closing of Rs. 279.05 on the BSE. The scrip opened at Rs. 256.60 and has touched a high and low of Rs. 270.65 and Rs. 256.60 respectively. So far 92097 shares were traded on the counter.

Zee Entertainment Enterprises is currently trading at Rs. 198.60, down by 10.60 points or 5.07% from its previous closing of Rs. 209.20 on the BSE. The scrip opened at Rs. 209.40 and has touched a high and low of Rs. 209.40 and Rs. 195.70 respectively. So far 328453 shares were traded on the counter.

The Maharashtra government on Sunday decided to impose a complete lockdown on weekends and a night curfew in the state to control the spread of the novel coronavirus. The curbs will come into effect from Monday night. They were announced as Mumbai recorded over 11,000 Covid cases. The state posted over 57,000 cases on Sunday -- the highest so far.

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IRCTC declines after suspending services of Ahmedabad Mumbai-Ahmedabad Tejas Express

Indian Railway Catering & Tourism Corporation is currently trading at Rs. 1685.00, down by 66.95 points or 3.82% from its previous closing of Rs. 1751.95 on the BSE.

The scrip opened at Rs. 1727.00 and has touched a high and low of Rs. 1734.50 and Rs. 1677.55 respectively. So far 138083 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2072.95 on 09-Mar-2021 and a 52 week low of Rs. 1083.05 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1778.85 and Rs. 1677.55 respectively. The current market cap of the company is Rs. 27136.80 crore.

The promoters holding in the company stood at 67.40%, while Institutions and Non-Institutions held 16.05% and 16.55% respectively.

The Indian Railway Catering and Tourism Corporation (IRCTC) has temporarily suspended services of Ahmedabad Mumbai-Ahmedabad Tejas Express for a period of one month with effect from April 02, 2021. The situation will be monitored continuously and decision to operate the train will be taken accordingly. Due to rising of corona cases in Maharashtra and Gujarat, the company has temporarily suspended services.

IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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Vedanta rises as its arm to set up copper smelter plant in India

Vedanta is currently trading at Rs. 230.50, up by 1.85 points or 0.81% from its previous closing of Rs. 228.65 on the BSE.

The scrip opened at Rs. 229.90 and has touched a high and low of Rs. 231.05 and Rs. 228.75 respectively. So far 2685247 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 231.05 on 01-Apr-2021 and a 52 week low of Rs. 62.40 on 01-Apr-2020.

Last one week high and low of the scrip stood at Rs. 231.05 and Rs. 221.75 respectively. The current market cap of the company is Rs. 85551.23 crore.

The promoters holding in the company stood at 55.11%, while Institutions and Non-Institutions held 29.26% and 11.41% respectively.

Vedanta’s subsidiary -- Vedanta Resources has called for Expression of Interest (EoI) from state governments for the 500 KTPA (Kilo Tonnes Per Annum) coastal copper smelter plant. The copper smelter of 500 KTPA will require footprint of around 1,000 acres in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle 5 mtpa material movement on both in-bound and out-bound side.

As per the EoI document issued, the project has an investment potential of about Rs 10,000 crore that will provide direct and indirect employment to 10,000 people and will contribute around Rs 3,000 crore to the exchequer annually.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

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Adani Enterprises spurts on incorporating wholly-owned subsidiary

Adani Enterprises is currently trading at Rs. 1052.60, up by 21.75 points or 2.11% from its previous closing of Rs. 1030.85 on the BSE.

The scrip opened at Rs. 1044.00 and has touched a high and low of Rs. 1054.00 and Rs. 1034.95 respectively. So far 75128 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. 127.40 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 1054.00 and Rs. 979.00 respectively. The current market cap of the company is Rs. 114479.23 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, Vizag Tech Park (VTPL) on March 30, 2021. VTPL is incorporated with the object to develop and establish an Integrated Data Center Park and Technology/ Business park. 

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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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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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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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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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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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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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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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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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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