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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Shriram Transport Finance trades jubilantly on planning to raise funds

Shriram Transport Finance is currently trading at Rs. 1269.90, up by 158.55 points or 14.27% from its previous closing of Rs. 1111.35 on the BSE.

The scrip opened at Rs. 1180.00 and has touched a high and low of Rs. 1270.35 and Rs. 1166.40 respectively. So far 309776 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1331.36 on 24-Feb-2020 and a 52 week low of Rs. 428.56 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1270.85 and Rs. 1097.80 respectively. The current market cap of the company is Rs. 30935.50 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 considering raising of funds by way of issue of 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 Banking and Finance Committee/Debt Issuance Committee / Bond Issuance Committee will be held to consider and approve such issuances of debt securities during the month ending February 28, 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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L&T Finance Holdings declines on reporting 51% fall in Q3 consolidated net profit

L&T Finance Holdings is currently trading at Rs. 99.55, down by 5.55 points or 5.28% from its previous closing of Rs. 105.10 on the BSE.

The scrip opened at Rs. 102.90 and has touched a high and low of Rs. 103.55 and Rs. 98.65 respectively. So far 1120006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.00 on 11-Feb-2020 and a 52 week low of Rs. 46.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 108.60 and Rs. 98.65 respectively. The current market cap of the company is Rs. 20000.88 crore.

The promoters holding in the company stood at 63.65%, while Institutions and Non-Institutions held 14.63% and 21.72% respectively.

The company has reported net loss of Rs 27.63 crore for the third quarter ended December 31, 2020 as against net loss of Rs 25.43 crore for the same quarter in the previous year. Total income of the company decreased by 51.07% at Rs 21.01 crore for Q3FY21 as compared Rs 42.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 50.82% fall in its net profit attributable to owners at Rs 290.66 crore for the quarter under review as against net profit of Rs 591.03 crore for the same quarter in the previous year. Total income of the company decreased by 3.04% at Rs 3622.16 crore for Q3FY21 as compared Rs 3735.79 crore for the corresponding quarter previous year.

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Tata Motors trades higher on commencing production of upcoming flagship SUV Safari

Tata Motors is currently trading at Rs. 245.70, up by 0.55 points or 0.22% from its previous closing of Rs. 245.15 on the BSE.

The scrip opened at Rs. 246.35 and has touched a high and low of Rs. 249.50 and Rs. 242.50 respectively. So far 3934445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 249.80 on 14-Jan-2021 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 249.80 and Rs. 199.55 respectively. The current market cap of the company is Rs. 75880.64 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 28.33% and 17.81% respectively.

Tata Motors has commenced production of its upcoming flagship SUV Safari. The auto major rolled out the first Safari unit from its Pune-based manufacturing facility.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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Equitas Small Finance Bank jumps after its deposits increase 51% YoY in Q3FY21

Equitas Small Finance Bank is currently trading at Rs. 40.60, up by 1.15 points or 2.92% from its previous closing of Rs. 39.45 on the BSE.

The scrip opened at Rs. 41.00 and has touched a high and low of Rs. 41.70 and Rs. 40.25 respectively. So far 203624 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.30 on 07-Jan-2021 and a 52 week low of Rs. 30.10 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 37.20 respectively. The current market cap of the company is Rs. 4621.30 crore.

Equitas Small Finance Bank’s total deposits stood at Rs 15,862 crore (provisional) as of December 31, 2020 (Q3FY21), up 23% QoQ from Rs 12,901 crore as of September 30, 2020 and up 51% year on year (YoY)  from Rs 10,493 crore as of December 31, 2019. Gross Advances stood at Rs 17,385 crore (provisional) as of December 31, 2020, up 4% QoQ from Rs 16,731 crore as of September 30, 2020 and up 19% YoY from Rs 14,615 crore as of December 31, 2019.

CASA was at Rs 3,967 crore (provisional) as of December 31, 2020, up 22% QoQ from Rs 3,246 crore as of September 30, 2020 and up 81% YoY from Rs 2,196 crore as of December 31, 2019. CASA Ratio stood at 25% (provisional) as of December 31, 2020 as against 25% as of September 30, 2020 and 21% as of December 31, 2019.

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

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Ashok Leyland jumps on reporting 14% rise in December sales

Ashok Leyland is currently trading at Rs. 103.60, up by 4.50 points or 4.54 % from its previous closing of Rs. 99.10 on the BSE.

The scrip opened at Rs. 99.60 and has touched a high and low of Rs. 104.40 and Rs. 99.60 respectively. So far 2111334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.05 on 17-Dec-2020 and a 52 week low of Rs. 33.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 99.90 and Rs. 93.70 respectively. The current market cap of the company is Rs. 30470.77 crore.

The promoters holding in the company stood at 51.54 % while Institutions and Non-Institutions held 32.24 % and 16.23 % respectively.

Ashok Leyland has reported sales figures for the month of December 2020. The company has reported marginal rise of 14% in sales (domestic + exports) during December 2020 at 12762 units as against 11168 units in December 2019. LCV sales were up 42% Y-o-Y at 5878 units in December 2020 as against 4143 units in December 2019. M&HCV Trucks and bus sales stood at 6235 units and 649 units, respectively.

Domestic sales rose 14% Y-o-Y in December 2020 to 11857 units as compared to 10378 units in December 2019. Domestic LCV sales increased 42% Y-o-Y to 5682 units, as compared to 4009 units in December 2019.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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Shriram Transport Finance trades higher on raising Rs 240 crore through NCDs

Shriram Transport Finance is currently trading at Rs. 1041.65, up by 2.70 points or 0.26% from its previous closing of Rs. 1038.95 on the BSE.

The scrip opened at Rs. 1053.00 and has touched a high and low of Rs. 1053.00 and Rs. 1032.90 respectively. So far 30118 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1331.80 on 24-Feb-2020 and a 52 week low of Rs. 428.70 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1055.30 and Rs. 998.85 respectively. The current market cap of the company is Rs. 26222.23 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 64.91% and 8.60% respectively.

Shriram Transport Finance Company has raised Rs 240 crore through Senior, secured, rated, listed, redeemable, non convertible debentures (NCDs) and allotted 2400 Debenture having face value of Rs 10,00,000 each on private placement basis. The board of directors of the company at its meeting held on November 30, 2020 approved and allotted the same.

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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UltraTech Cement gains on planning to raise Rs 1,000 crore via NCDs

Ultratech Cement is currently trading at Rs. 5090.00, up by 48.20 points or 0.96% from its previous closing of Rs. 5041.80 on the BSE.

The scrip opened at Rs. 5081.10 and has touched a high and low of Rs. 5098.00 and Rs. 5055.45 respectively. So far 2063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5257.90 on 09-Dec-2020 and a 52 week low of Rs. 2913.15 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 5188.05 and Rs. 4865.45 respectively. The current market cap of the company is Rs. 146660.74 crore.

The promoters holding in the company stood at 59.91%, while Institutions and Non-Institutions held 30.76% and 8.79% respectively.

UltraTech Cement is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured Non-convertible debentures(NCDs) of Rs 10,00,000 each aggregating to Rs 1,000 crore, on private placement basis, including the terms and conditions of the issue, on or after December 30, 2020. 

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

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Larsen & Toubro Infotech surges on eyeing significant share of UAE digital services market

Larsen & Toubro Infotech is currently trading at Rs. 3415.15, up by 63.75 points or 1.90% from its previous closing of Rs. 3351.40 on the BSE.

The scrip opened at Rs. 3384.00 and has touched a high and low of Rs. 3445.00 and Rs. 3363.40 respectively. So far 6304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3515.15 on 12-Oct-2020 and a 52 week low of Rs. 1207.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3445.00 and Rs. 3215.50 respectively. The current market cap of the company is Rs. 59808.44 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 17.62% and 8.02% respectively.

Larsen & Toubro Infotech (LTI), which extended an alliance with Abu Dhabi-based Injazat recently, is eyeing a significant share of the UAE digital services market to the tune of $ 200 million in six years of the partnership. In the first week of December, LTI extended its existing partnership with the UAE company under which it roll out a service delivery model.

LTI is a global technology consulting and digital solutions company helping more than 420 clients succeed in a converging world.

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Axis Bank sticks to its caution script and so do its investors

In an update on its retail book, the private sector lender’s executives said delinquencies may spike in the third and fourth quarter of the current financial year

Axis Bank hasn't been able to bridge the valuation gap even with the sector index in a sign that investors share the bank’s caution

Things may get worse before they get better. That, in a nutshell, seems to be the message from Axis Bank’s management.

In an update on its retail book through a media interaction, the private sector lender’s executives said delinquencies may spike in the third and fourth quarter of the current financial year. To be sure, the lender has reported a sharp improvement in collections, just like its peers. Collection efficiency surged to 95% after the moratorium ended in August and gross bad loans were down to 4.18% of total loan book for the September quarter.

But the commentary from the management has been more cautious than that of rivals such as HDFC Bank and ICICI Bank. Even in Thursday’s media interaction, the management stuck to caution. The bank is right in its guarded approach. Economic indicators have been mixed, with some sectors still showing pain. Employment and wages have taken a huge hit and the recovery in both is patchy. The Reserve Bank of India’s (RBI's) consumer sentiment survey has shown that Indians remain pessimistic over future employment and income prospects. “Given the fact that a lot of people lost their jobs, some had to take salary cuts and some industries were badly affected, these will have some impact on delinquency and portfolio collections," said Sumit Bali, head of retail lending at Axis Bank at Thursday’s interaction.

Small businesses continue to remain under stress, and asset quality here is only propped up due to the government’s guarantee schemes and regulatory forbearance. Once they are removed, it would be challenging for lenders to maintain current asset quality metrics. Analysts have pointed out that bad loans in the micro, small and medium enterprises (MSMEs) loan book may increase in coming quarters.

That is not to say that Axis Bank sees pain even in FY22. In fact, the lender has stressed that asset quality metrics may see improvement in the next financial year. Most of its peers, too, have indicated the same and the recent rally in banking shares show that investors share this optimism.

Axis Bank’s shares, too, have rallied in tandem with others in the past three months. However, the stock has underperformed peers such as ICICI Bank and HDFC Bank since January. It has not been able to bridge the valuation gap even with the sector index. Perhaps this is a sign that investors share the bank’s caution.

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Dr. Reddy’s Lab gains on entering into definitive agreement with Glenmark Pharmaceuticals

Dr. Reddys Laboratories is currently trading at Rs. 4839.65, up by 10.05 points or 0.21% from its previous closing of Rs. 4829.60 on the BSE.

The scrip opened at Rs. 4861.15 and has touched a high and low of Rs. 4868.00 and Rs. 4820.05 respectively. So far 6001 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5514.65 on 21-Sep-2020 and a 52 week low of Rs. 2497.60 on 19-Mar-2020. 

Last one week high and low of the scrip stood at Rs. 5018.70 and Rs. 4673.90 respectively. The current market cap of the company is Rs. 80309.00 crore.

The promoters holding in the company stood at 26.74%, while Institutions and Non-Institutions held 43.50% and 15.66% respectively.

Dr. Reddy’s Laboratories has entered into a definitive agreement with Glenmark Pharmaceuticals to acquire, subject to completion of certain precedent actions and closing activities, brands Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along-with rights to the trademarks, dossiers and patents for the territories mentioned.

The acquired brands represent two types of products i.e mometasone mono product and combination of mometasone with azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis.

Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.

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AU Small Finance Bank moves up on selling 4.46% stakes in Aavas Financiers

AU Small Finance Bank is currently trading at Rs. 885.10, up by 15.90 points or 1.83% from its previous closing of Rs. 869.20 on the BSE.

The scrip opened at Rs. 882.00 and has touched a high and low of Rs. 890.65 and Rs. 879.20 respectively. So far 3174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1217.70 on 02-Mar-2020 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. 944.60 and Rs. 865.45 respectively. The current market cap of the company is Rs. 26975.50 crore.

The promoters holding in the company stood at 29.00%, while Institutions and Non-Institutions held 46.14% and 24.86% respectively.

AU Small Finance Bank has sold 35,00,000 equity shares face value of Rs 10 each held in Aavas Financiers (AAVAS) constituting 4.46% of paid up capital of Company. Post aforesaid sale the balance shareholding stands at 3,383 equity shares in AAVAS.

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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Vodafone Idea zooms after selling 11.15% stake in Indus

Vodafone Idea is currently trading at Rs. 9.66, up by 0.39 points or 4.21% from its previous closing of Rs. 9.27 on the BSE.

The scrip opened at Rs. 9.60 and has touched a high and low of Rs. 9.70 and Rs. 9.50 respectively. So far 35704938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.45 on 04-Sep-2020 and a 52 week low of Rs. 2.83 on 18-Feb-2020.

Last one week high and low of the scrip stood at Rs. 10.02 and Rs. 8.79 respectively. The current market cap of the company is Rs. 27787.12 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.11% and 20.84% respectively.

Vodafone Idea has sold its 11.15% stake in Indus for a cash consideration of Rs 37.6 billion in accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs 24 billion which will be adjusted in line with terms of the agreement.

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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L&T surges on bagging order for Construction and Mining Equipment Businesses

Larsen & Toubro is currently trading at Rs. 1106.55, up by 25.30 points or 2.34% from its previous closing of Rs. 1081.25 on the BSE.

The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1109.80 and Rs. 1079.35 respectively. So far 123708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1417.50 on 21-Nov-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1116.00 and Rs. 1038.60 respectively. The current market cap of the company is Rs. 155703.98 crore.

The Institutions holding in the company stood at 53.94%, and Non-Institutions held 46.06%.

Larsen & Toubro (L&T) has bagged biggest order ever for its Construction and Mining Equipment Businesses to supply 46 units of Komatsu Mining Equipment from Tata Steel. The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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Tata Motors gains on aiming widest portfolio of SUV in domestic market

Tata Motors is currently trading at Rs. 140.00, up by 1.10 points or 0.79% from its previous closing of Rs. 138.90 on the BSE.

The scrip opened at Rs. 140.35 and has touched a high and low of Rs. 141.05 and Rs. 139.65 respectively. So far 328289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 142.25 and Rs. 131.10 respectively. The current market cap of the company is Rs. 42905.82 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors is aiming to have the widest portfolio of sports utility vehicles (SUVs) in the domestic market, a move aimed at helping the company muster greater market share in the passenger vehicle segment. The auto major, which currently sells models like Nexon and Harrier in the SUV segment, is also looking to overhaul its entire sales, aftersales and service verticals to enhance the overall buying experience for customers.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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ICICI Bank gains on launching special offering for millennial segment

ICICI Bank is currently trading at Rs. 440.20, up by 1.90 points or 0.43% from its previous closing of Rs. 438.30 on the BSE.

The scrip opened at Rs. 439.95 and has touched a high and low of Rs. 444.40 and Rs. 436.40 respectively. So far 332787 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 407.20 respectively. The current market cap of the company is Rs. 304514.54 crore.

The Institutions and Non-Institutions held 89.80% and 10.20%, stake in the Bank respectively.

ICICI Bank has launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events. The country is poised for a demographic dividend, which will see millions of youth join the workforce and there are 40 million 'progressive' millennials who will contribute significantly to the economy and banking in the years to come. After extensive research, the bank has launched the mobile-first, personalised and experiential-led banking platform christened 'Mine' for this segment.

ICICI Bank is a leading private sector bank in India.

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Titan Company gains on launching first international Tanishq store in Dubai

Titan Company is currently trading at Rs. 1206.80, up by 6.25 points or 0.52% from its previous closing of Rs. 1200.55 on the BSE.

The scrip opened at Rs. 1201.00 and has touched a high and low of Rs. 1212.90 and Rs. 1194.95 respectively. So far 14427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1340.60 on 20-Feb-2020 and a 52 week low of Rs. 720.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1212.90 and Rs. 1154.00 respectively. The current market cap of the company is Rs. 106640.87 crore.

The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.02% and 17.73% respectively.

Titan Company has launched its first international Tanishq store in Dubai as part of expanding regions outside India. With the commencement of company’s operations in Dubai, it sees the brand being accessible to international customers and NRI communities. The brand also has launched an exclusive website for Dubai showcasing its collections.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts

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Hero MotoCorp registers highest ever monthly sales in Oct 2020

The two-wheeler maker reported a 35% rise in its domestic wholesales at 7.91 lakh units

A positive turnaround in customer sentiments have enabled the company to achieve record numbers during the auspicious festive period,' the company said.

Hero MotoCorp Ltd on Sunday reported a 34.77% year-on-year rise in its domestic wholesales for October to 7,91,137 units due to robust recovery in sales of entry-level motorcycles in rural and semi-urban markets after the easing of lockdown measures. Overall, HeroMotoCorp registered its highest ever monthly sales of 8.06 lakh units in October 2020.

The country's largest two-wheeler maker also increased inventory at dealerships expecting good retail sales during the Diwali festival.

On a sequential basis, the company's dispatches were higher than 6,97,293 units in September and 5,68,674 units in August. The New Delhi-based manufacturer restarted operations at its Haryana and Uttarakhand factories from 5 May, selling 1,20,000 units in the month.

In October, dispatches of motorcycles, including exports, increased 32.5% to 7,32,498 units while that of scooters rose 59.6% to 74,350 units.

Hero’s exports jumped by 28.14% to 15,711 units during the month.

“A positive turnaround in customer sentiments – particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period," the company said in a statement.

To offset the increase in commodity cost the company has raised prices of its vehicles by 2%, across the product portfolio.

In July, Mint had reported that expecting sales recovery to continue, especially in rural and semi urban markets, during the upcoming festival season, Hero plans to increase production to 6.5 lakh units or more from September.

Investors have been bullish about near-term prospects of the Pawan Munjal-led company since it is likely to benefit from a shift in preference to entry and executive segment motorcycles because of a quicker recovery in demand in rural areas and increasing preference for personal mobility on fears of contracting infection.

Despite witnessing decent recovery in retail sales, automakers like Hero MotoCorp are struggling to ramp up manufacturing due to disruption in supply chain network. Regional lockdowns due to rising covid-19 cases and increased inspection of imported parts from China have also added to their production woes.

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Hero MotoCorp jumps on entering into partnership with Harley-Davidson

Hero MotoCorp is currently trading at Rs. 3027.65, up by 114.95 points or 3.95% from its previous closing of Rs. 2912.70 on the BSE.

The scrip opened at Rs. 2987.00 and has touched a high and low of Rs. 3034.50 and Rs. 2952.95 respectively. So far 98484 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3393.85 on 16-Oct-2020 and a 52 week low of Rs. 1475.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3180.65 and Rs. 2854.00 respectively. The current market cap of the company is Rs. 58186.31 crore.

The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.14% and 9.10% respectively.

Hero MotoCorp has entered into wide ranging partnership with Harley-Davidson for the Indian market. As per the distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero's existing dealership network in India.

Further, according to a licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name. These actions are aligned with Harley-Davidson's business overhaul, The Rewire, and the company's announcement in September to change its business model in India. This arrangement is mutually beneficial for both companies and riders in India, as it brings together the iconic Harley-Davidson brand with the strong distribution network and customer service of Hero MotoCorp.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

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