Day trading guide for Thursday: 8 stocks to buy or sell today — 21st July

Stock market today: Crucial support for the Bank Nifty index is placed at price zone of 35,450 and 35,500, say stock market analysts.

Day trading guide: Short term trend of Nifty continues to be positive, say stock market experts

Day trading guide for Thursday: On account of strong buying in IT, FMCG, metal, MNC, energy and bank stocks, Indian stock market finished in positive zone on fourth straight session on Wednesday. NSE Nifty closed 180 points north at 16,520 whereas BSE Sensex surged 630 points and ended at 55,398 levels. Nifty Bank index finished 252 points higher and closed at 35,972 levels. Broad market indices underperformed as the mid-cap and small-cap indices rose less than 0.5 per cent. Volatility index India VIX lost 2.20 per cent and ended at 16.82 on Wednesday.

According to stock market experts a small body of negative candle was formed on the daily chart with gap up opening, which signal reluctance of market to conquer further highs after the sharp positive opening. This market action could possibly bring further consolidation/minor downward correction for short term before moving up further.

The positive sequence like higher tops and bottoms continued on the daily chart and the current chart pattern signal a probability of a new higher top formation at 16,588 levels. Still there is no confirmation of any higher top reversal as of now. Nifty is currently placed at the edge of the hurdle of 200 day EMA around 16,520 levels.

Day trading guide for stock market today

"The short term trend of Nifty continues to be positive. Though, tiredness in the Nifty at the highs/hurdle is visible,but still there is no firm evidence of any reversal pattern unfolding at the highs. A sustainable move above 16,550 to 16,600 levels could pull Nifty towards another hurdle of 16,800 levels in the short term. Any decline from here could find support around16,300 to 16,250 levels in the near term," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

On important levels in regard to Nifty Bank index, Chinamy Barve, Head — Technical and Derivative Research at Profitmart Securities said, "The important levels, which will act as crucial support for the Bank Nifty index, are placed at price zone of 35,450 and 35,500 while on the upside; key resistance levels are placed at 36,400 and 36,650 levels."

Day trading stocks

Sharing intraday stocks for today, stock market analysts — Mehul Kothari, AVP — Technical Research at Anand Rathi; Mudit Goel, Senior Research Analyst at SMC Global Securities; Avinash Gorakshkar, Head of Research at Profitmart Securities and Santosh Meena, Head of Research at Swastika Investmart — recommended 8 stocks to buy or sell today.

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Tata Investment Corporation surges on Tata sons' promoter acquiring stake

Tata Investment Corporation is currently trading at Rs. 773.00, up by 35.65 points or 4.83% from its previous closing of Rs. 737.35 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 773.00 and Rs. 674.00 respectively. So far 238 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1025.00 on 11-Feb-2020 and a 52 week low of Rs. 660.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 773.00 and Rs. 662.20 respectively. The current market cap of the company is Rs. 3410.12 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 4.86% and 21.75% respectively.

Tata sons’ promoter-- N. Chandrasekaran, Executive Chairman of Tata Sons has acquired 10,000 equity shares of Tata Investment Corporation at an average price of Rs 698.36 (excluding brokerage and STT) per share on March 16, 2020.

Tata Investment Corporation was formed to work as an Investment Corporation for investments in land acquisition of stocks, debentures etc. in India or elsewhere and for business of underwriting of new leave space business and also for taking over the management and control of companies.

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Karnataka Bank trades in green on the BSE

The scrip is currently trading at Rs. 46.10, up by 0.70 points or 1.54% from its previous closing of Rs. 45.40 on the BSE.

The scrip opened at Rs. 45.50 and has touched a high and low of Rs. 47.00 and Rs. 45.50 respectively. So far 38970 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.31 on 08-Apr-2019 and a 52 week low of Rs. 40.95 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 52.72 and Rs. 41.30 respectively. The current market cap of the company is Rs. 1417.56 crore.

The Institutions holding in the company stood at 24.49% Institutions and Non-Institutions held at 75.51% respectively.

Karnataka Bank has opened its 851th branch at Bengaluru - NTI Layout on March 19, 2020. The bank had opened its 849th Branch at Nagpur -Wardhaman Nagar and 850th Branch at Bengaluru - HBR Layout on March 06, 2020.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

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NLC India trades in green on the BSE

NLC India is currently trading at Rs. 42.25, up by 1.30 points or 3.17% from its previous closing of Rs. 40.95 on the BSE.

The scrip opened at Rs. 40.00 and has touched a high and low of Rs. 42.75 and Rs. 39.10 respectively. So far 43900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.35 on 20-Mar-2019 and a 52 week low of Rs. 35.05 on 18-Mar-2020.

Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 35.05 respectively. The current market cap of the company is Rs. 5615.88 crore.

The promoters holding in the company stood at 80.70% , while Institutions and Non-Institutions held 15.90% and 3.40% respectively.

NLC India has received an approval to raise funds through issuance of Commercial Paper (CP) upto Rs 6,000 crore in tranches inclusive of already a proved issuance of

commercial paper limit of Rs 2000 crore. The company has also received an approval for issuance of Bonds in the nature of Debentures upto Rs 5,000 crore in tranches.

The Board of Directors of the company at its meeting held on March 18, 2020 has approved the same.

NLC India is engaged in the business of lignite mining and power generation.

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NTPC climbs on the BSE

NTPC is currently trading at Rs. 93.90, up by 3.15 points or 3.47% from its previous closing of Rs. 90.75 on the BSE.

The scrip opened at Rs. 90.05 and has touched a high and low of Rs. 95.45 and Rs. 88.10 respectively. So far 191171 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 01-Jul-2019 and a 52 week low of Rs. 81.50 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 104.75 and Rs. 81.50 respectively. The current market cap of the company is Rs. 94394.08 crore.

The promoters holding in the company stood at 54.14%, while Institutions and Non-Institutions held 43.39% and 2.47% respectively.

NTPC has bagged 28 awards at Corporate Communication Excellence Awards 2020 and was conferred with the ‘Champion of Champions Title’ in a grand the ceremony organised during the 14th Global Communication Conclave by Public Relations Council of India (PRCI) at Bengaluru recently.

NTPC won awards in the various categories ranging from CSR Campaign, Corporate Brochure, Public Affairs Campaign, Digital Newsletter, Films, Crisis Communications, Public Service Advertisements, Environmental Communication, Internal Communication Campaign, Wall Calendar etc. NTPC’s stations Unchahar, Simhadri, Talcher Kaniha, WR-I HQs, Mouda, Gadarwara, Singrauli, Varanasi, Bongaigaon including Corporate Centre bagged awards in various categories. More than 70 companies (both private and public) had participated in the awards.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

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Yes Bank jumps on the bourses

Yes Bank is currently trading at Rs. 26.50, up by 1.45 points or 5.79% from its previous closing of Rs. 25.05 on the BSE.

The scrip opened at Rs. 22.55 and has touched a high and low of Rs. 27.55 and Rs. 21.30 respectively. So far 9119652 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 29.45 and Rs. 16.20 respectively. The current market cap of the company is Rs. 5776.82 crore.

The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.

Yes Bank has enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services. People can now use other bank accounts to send payments towards Yes Bank credit card dues and loan obligations through IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and put a withdrawal cap of Rs 50,000 from its accounts with few exceptions. Last week, the central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management

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Vodafone Idea trades higher on the bourses

Vodafone Idea is currently trading at Rs. 4.44, up by 0.10 points or 2.30% from its previous closing of Rs. 4.34 on the BSE.

The scrip opened at Rs. 4.70 and has touched a high and low of Rs. 4.70 and Rs. 4.05 respectively. So far 34749769 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.32 on 13-Mar-2019 and a 52 week low of Rs. 2.61 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 4.94 and Rs. 3.20 respectively. The current market cap of the company is Rs. 12442.42 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 20.30% and 7.65% respectively.

Vodafone Idea has on March 06, 2020 filed its self-assessment of the AGR liabilities with the Department of Telecommunications (DoT). The self-assessment discloses the Company's AGR liabilities to aggregate Rs 21,533 crore including a principal amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020.

The company has already paid a sum of Rs 2,500 crore on February 17, 2020 and a further sum of Rs 1,000 crore on February 20, 2020 towards this liability.

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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Yes Bank shines on enabling IMPS, NEFT services

Yes Bank is currently trading at Rs. 26.75, up by 5.50 points or 25.88% from its previous closing of Rs. 21.25 on the BSE.

The scrip opened at Rs. 23.35 and has touched a high and low of Rs. 28.75 and Rs. 23.35 respectively. So far 14729844 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 5.55 respectively. The current market cap of the company is Rs. 6682.24 crore.

The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.

Yes Bank has enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services. People can now use other bank accounts to send payments towards Yes Bank credit card dues and loan obligations through IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and put a withdrawal cap of Rs 50,000 from its accounts with few exceptions. Last week, the central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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BPCL trades higher on the BSE

Bharat Petroleum Corporation is currently trading at Rs. 436.45, up by 33.60 points or 8.34% from its previous closing of Rs. 402.85 on the BSE.

The scrip opened at Rs. 415.30 and has touched a high and low of Rs. 454.10 and Rs. 406.20 respectively. So far 593397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 549.70 on 21-Nov-2019 and a 52 week low of Rs. 308.55 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 454.10 and Rs. 398.05 respectively. The current market cap of the company is Rs. 96466.67 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 33.40% and 13.63% respectively.

The government has invited bids for the sale of its entire 52.98% stake in the Bharat Petroleum Corporation (BPCL) on March 07, 2020. The Government of India is proposing strategic disinvestment of its entire shareholding in BPCL comprising 114.91 crore equity shares, which constitutes 52.98 per cent of BPCL’s equity share capital, along with transfer of management control, to a strategic buyer (except BPCL’s equity shareholding of 61.65% in Numaligarh Refinery).

The government has appointed Deloitte Touche Tohmatsu India LLP as its transaction advisor to advise on and manage the strategic disinvestment process.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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Yes Bank dips sharply after RBI imposes moratorium on Bank

Yes Bank is currently trading at Rs. 25.80, down by 11.05 points or 29.99% from its previous closing of Rs. 36.85 on the BSE.

The scrip opened at Rs. 33.20 and has touched a high and low of Rs. 33.20 and Rs. 25.80 respectively. So far 705512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 25.80 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 25.80 respectively. The current market cap of the company is Rs. 7052.06 crore.

The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.

The Reserve Bank of India (RBI) has imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders. The board of Yes Bank has also been superseded with immediate effect. Yes Bank has been grappling with mounting bad loans.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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Reliance Industries soars on acquiring 37.7% stake in Alok Industries

Reliance Industries is currently trading at Rs. 1351.10, up by 22.45 points or 1.69% from its previous closing of Rs. 1328.65 on the BSE.

The scrip opened at Rs. 1358.40 and has touched a high and low of Rs. 1368.75 and Rs. 1349.45 respectively. So far 100885 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1617.80 on 20-Dec-2019 and a 52 week low of Rs. 1095.65 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1477.00 and Rs. 1325.00 respectively. The current market cap of the company is Rs. 864929.66 crore.

The promoters holding in the company stood at 50.03%, while Institutions and Non-Institutions held 38.48% and 11.49% respectively.

Reliance Industries (RIL) has acquired 37.7% stake in Alok Industries for Rs 250 crore. Alok Industries has allotted 83,33,33,333 equity shares of Rs 1 each at a premium of Rs 2 per equity share for cash at total consideration of Rs 250 crore to the company. Alok Industries has also allotted 250,00,00,000, 9% Optionally Convertible Preference Shares (OCPS) of Rs 1 each for cash at par, for a total consideration of Rs 250 crore to RIL.

In March 2019, Reliance and JM Financial Asset Reconstruction had jointly submitted bid for acquiring Alok Industries that was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans.

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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Bandhan Bank spurts as RBI lifts restriction on opening of branches

Bandhan Bank is currently trading at Rs. 405.65, up by 1.80 points or 0.45% from its previous closing of Rs. 403.85 on the BSE.

The scrip opened at Rs. 415.00 and has touched a high and low of Rs. 423.25 and Rs. 405.25 respectively. So far 144166 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 29-Oct-2019 and a 52 week low of Rs. 402.20 on 25-Feb-2020.

Last one week high and low of the scrip stood at Rs. NA and Rs. NA respectively. The current market cap of the company is Rs. 65660.95 crore.

The promoters holding in the company stood at 60.96%, while Institutions and Non-Institutions held 22.09% and 16.95% respectively.

Reserve Bank of India (RBI) has allowed Bandhan Bank to expand its branch network after considering the efforts made by the bank to comply with the licensing conditions. The central bank in September 2018 had barred Bandhan Bank from expanding its network as the lender failed to reduce the promoters' stake to 40 per cent from close to 82 per cent within the stipulated three-year time frame of commencing operations.

RBI has lifted the regulatory restriction on branch opening, subject to the condition that the bank ensures that at least 25 per cent of the total number of banking outlets opened during a financial year are opened in unbanked rural centres.

According to RBI's bank licence norms, a private sector bank's promoter will need to pare holding to 40 per cent within three years, 20 per cent within 10 years and to 15 per cent within 15 years. Bandhan Bank currently has 4,288 banking outlets, including branches.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

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Bharti Infratel jumps as government approves merger with Indus Towers

DoT approved Bharti Infratel and Indus Towers merger.

Vodafone Idea can raise funds by selling stake in Indus Towers.

Shares of Vodafone Idea had jumped nearly 14%, while those of Bharti Infratel Ltd had surged as much as 10% in early deals on Monday following the government's approval to the merger Indus Towers with Bharti Infratel.

At 11am on the BSE, Bharti Infratel Ltd was flat at ₹226.20 apiece, while Vodafone Idea Ltd was down nearly 2% at ₹4.38, having earlier touched a high of ₹5.01. Bharti Airtel was down 1.7% at ₹536 apiece.

The department of telecommunications (DoT) on Friday approved the merger of two tower companies--Sunil Mittal-led Bharti Infratel Ltd and Indus Towers Ltd--allowing Vodafone Idea Ltd to raise funds by divesting its stake in the latter.

The approval follows a series of meetings between Vodafone Idea chairman Kumar Mangalam Birla and top government officials after the Supreme Court directed telecom companies to immediately pay up dues related to adjusted gross revenue (AGR).

Birla had met telecom secretary Anshu Prakash on Tuesday, and followed it up with a meeting with finance minister Nirmala Sitharaman on Wednesday, to share his concerns over the possibility of DoT invoking bank guarantees of the telecom operator.

The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas. The combined entity will be the largest tower company in the world outside China.

Under the proposed merger, Bharti Airtel, which currently owns a 53.5% stake in Bharti Infratel, will own between 33.8% and 37.2% in the merged entity, while Vodafone Plc. will hold 26.7-29.4%.

Airtel and Vodafone Plc. will have equal rights in the merged tower entity.

Indus Towers is a three-way joint venture between Bharti Infratel, Vodafone Idea and UK-based Vodafone Group. Bharti Infratel and Vodafone hold 42% stake each in Indus Towers. Vodafone Idea holds 11.15% stake in the mobile tower firm.

The combined company, which would fully own the respective businesses of Bharti Infratel and Indus Towers, would change its name to Indus Towers Ltd and will continue to be listed on Indian stock exchanges.

The timely completion of the tower deal is critical for the companies, as it would allow Bharti Airtel and Vodafone Idea offload stake and raise funds.

In April 2018, Bharti Airtel, Idea Cellular, and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel.

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Gold prices today hit record high again, cross ₹43,000 per 10 gram

Gold prices surged as many countries reported a surge in coronavirus cases.

Some analysts are betting that gold prices may further go up amid risk-off moves.

A weaker rupee and a sharp rise in global rates pushed domestic gold prices to new highs today. On MCX, April gold futures jumped 0.9% to ₹43,036 per 10 gram. Gold prices had surged about ₹1,800 per 10 gram in the past week. Tracking gold, silver prices also moved higher today. Meanwhile, the rupee fell to 71.89 against the US dollar today, tracking weakness in other Asian currencies. A depreciation in the rupee increases the landed cost of gold in India as the country imports most of its bullion requirements. Domestic prices include 12.5% import duty and 3% GST. Silver futures on MCX rose 0.64% to ₹48,615 per kg.

Gold can move towards ₹43,500 while taking support near ₹42,700 while silver can improve towards ₹49,000 while taking support near ₹48,000, SMC Global said in a note.

In global markets, gold prices jumped over 2% today to their highest in over seven years as a spike in coronavirus cases outside China pushed investors towards bullion, which is considered a safe-haven in times of uncertainty. Spot gold rates rose to as much as $1,678.58 an ounce.

South Korea, Italy and Iran have reported a sharp spike in infections, although the total number of cases outside China remains relatively small. Among other precious metals, silver rose 0.9% to $18.62 an ounce while palladium inched up 0.2% $2,709.01 per ounce. Platinum eased 0.1% $972.70.

The increase in number of new cases hit stock markets around across the world, with Asian equities sharply lower today.

The investment demand for gold has seen an uptick. According to data compiled by Bloomberg, holdings in gold-backed exchange traded funds or gold ETFs climbed for 22 straight sessions through Thursday, the longest ever run.

Some analysts bet that gold could see more upside in the short term. Lower US yields and weaker equities could push gold prices further toward $1,750 an ounce even if the coronavirus is contained during the first quarter, say analysts of Goldman Sachs Group.

Already some analysts are betting that the US Federal Reserve may ease rates twice in the second half of the year as the virus threatens the global economy. Lower interest rates increase the appeal of non-interest yielding assets like gold.

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ICICI Bank trades in green on the BSE

ICICI Bank is currently trading at Rs. 547.60, up by 2.85 points or 0.52% from its previous closing of Rs. 544.75 on the BSE.

The scrip opened at Rs. 547.00 and has touched a high and low of Rs. 547.85 and Rs. 542.20 respectively. So far 108694 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. 342.35 on 20-Feb-2019.

Last one week high and low of the scrip stood at Rs. 548.70 and Rs. 536.15 respectively. The current market cap of the company is Rs. 353669.88 crore.

The Institutions holding in the company stood at 89.34%, while Non-Institutions held 10.66% stake in the company.

ICICI Bank has unveiled the fourth edition of ‘ICICI Appathon’, a virtual challenge for startups to create next generation products and solutions. Startups can develop unique products by using over 250 APIs (Application Programming Interfaces) hosted on the Bank’s API Banking portal.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

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NTPC climbs as its JV signs pact with BSNL to set up EV charging stations

NTPC is currently trading at Rs. 111.30, up by 1.60 points or 1.46% from its previous closing of Rs. 109.70 on the BSE.

The scrip opened at Rs. 112.75 and has touched a high and low of Rs. 113.70 and Rs. 110.50 respectively. So far 279985 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 01-Jul-2019 and a 52 week low of Rs. 103.90 on 18-Feb-2020.

Last one week high and low of the scrip stood at Rs. 117.10 and Rs. 103.90 respectively. The current market cap of the company is Rs. 109978.00 crore.

The promoters holding in the company stood at 54.14%, while Institutions and Non-Institutions held 43.39% and 2.47% respectively.

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed an initial pact with BSNL for installing charging stations for electric vehicles. As per the Memorandum of Understanding (MoU), EESL will set up public EV charging stations at 1,000 BSNL sites in a phased manner across the country.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

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Muthoot Finance trades in green on the BSE

Muthoot Finance is currently trading at Rs. 892.65, up by 18.80 points or 2.01% from its previous closing of Rs. 873.85 on the BSE.

The scrip opened at Rs. 872.20 and has touched a high and low of Rs. 898.00 and Rs. 864.95 respectively. So far 222012 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 898.00 on 18-Feb-2020 and a 52 week low of Rs. 515.00 on 28-Feb-2019.

Last one week high and low of the scrip stood at Rs. 898.00 and Rs. 737.40 respectively. The current market cap of the company is Rs. 35800.49 crore.

The promoters holding in the company stood at 73.44%, while Institutions and Non-Institutions held 22.34% and 4.22% respectively.

Muthoot Finance has reported a rise of 65.57% in its net profit at Rs 803.41 crore for the quarter ended December 31, 2019 as compared to Rs 485.25 crore for the same quarter in the previous year. Total income of the company increased by 34.71% at Rs 2313.16 crore for Q3FY20 as compared Rs 1717.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 63.66% in its net profit for the period attributable to owners of the parent at Rs 841.09 crore for the quarter under review as compared to Rs 513.92 crore for the same quarter in the previous year. Total income of the company increased by 35.78% at Rs 2587.40 crore for Q3FY20 as compared Rs 1905.64 crore for the corresponding quarter previous year.

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Dr. Reddy’s surges on inking pact to acquire select business divisions of Wockhardt

Dr. Reddys Laboratories is currently trading at Rs. 3218.75, up by 21.20 points or 0.66% from its previous closing of Rs. 3197.55 on the BSE.

The scrip opened at Rs. 3220.00 and has touched a high and low of Rs. 3238.85 and Rs. 3200.00 respectively. So far 11347 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3276.00 on 04-Feb-2020 and a 52 week low of Rs. 2065.30 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 3212.75 and Rs. 3115.00 respectively. The current market cap of the company is Rs. 53604.23 crore.

The promoters holding in the company stood at 26.76%, while Institutions and Non-Institutions held 45.14% and 13.80% respectively.

Dr. Reddy’s Laboratories has entered into a definitive agreement with Wockhardt to acquire select divisions of its branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives for a consideration of Rs 1850 crore.

The business comprises of a portfolio of 62 brands in multiple therapy areas such as Respiratory, Neurology, VMS, Dermatology, Gastroenterology, Pain and Vaccines, which would transfer to Dr. Reddy's along with related sales and marketing teams; and the manufacturing plant located in Baddi, Himachal Pradesh with all plant employees. The business undertaking is being transferred on a slump sale basis.

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

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Bharti Airtel shines as its arm planning to raise funds worth up to $250 million via perpetual bonds

Bharti Airtel is currently trading at Rs. 540.00, up by 5.55 points or 1.04% from its previous closing of Rs. 534.45 on the BSE.

The scrip opened at Rs. 535.05 and has touched a high and low of Rs. 542.10 and Rs. 535.00 respectively. So far 37105 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 552.85 on 06-Feb-2020 and a 52 week low of Rs. 272.51 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 552.85 and Rs. 532.85 respectively. The current market cap of the company is Rs. 294681.93 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 30.54% and 6.71% respectively.

Bharti Airtel’s wholly owned subsidiary--Network i2i is planning to raise funds worth up to $250 million (approximately Rs 1,780 crore) through perpetual bonds. This amount will be in addition to existing securities of $750 million (around Rs 5,343 crore) that the company has raised recently.

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

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Shriram Transport Finance surges on raising Rs 500 crore via bonds

Shriram Transport Finance Company is currently trading at Rs. 1244.45, up by 37.15 points or 3.08% from its previous closing of Rs. 1207.30 on the BSE.

The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1261.05 and Rs. 1206.50 respectively. So far 38794 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1296.75 on 13-Mar-2019 and a 52 week low of Rs. 909.25 on 24-Jul-2019.

Last one week high and low of the scrip stood at Rs. 1261.05 and Rs. 1056.75 respectively. The current market cap of the company is Rs. 28257.11 crore.

The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 67.31% and 6.44% respectively.

Shriram Transport Finance Company has raised Rs 500 crore through the allotment of rated, listed, secured, redeemable, non-convertible debentures (NCDs) on private placement basis. The Allotment Committee - NCDs of the company in its meeting held on February 10, 2020 has 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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