Thursday, 14 December 2017


Ruchi Soya Industries is currently trading at Rs. 16.25, down by 2.55 points or 13.56% from its previous closing of Rs. 18.80 on the BSE.

The scrip opened at Rs. 18.20 and has touched a high and low of Rs. 18.35 and Rs. 15.75 respectively. So far 23,51,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.75 on 02-Nov-2017 and a 52 week low of Rs. 15.75 on 14-Dec-2017.

Last one week high and low of the scrip stood at Rs. 20.50 and Rs. 15.75 respectively. The current market cap of the company is Rs. 537.90 crore.

The promoters holding in the company stood at 57.28%, while Institutions and Non-Institutions held 0.12% and 42.60% respectively.

IDBI Bank has declared Ruchi Soya Industries as a Wilful Defaulter vide its letter dated December 08, 2017, which was received on December 12, 2017 by the company.

The company is, in consultation with its legal counsels, to challenge the decision by taking appropriate legal action that may be required in this regard.

Ruchi Soya Industries is a leading manufacturer and India’s largest marketer of healthier edible oils, soya food, premium table spread, vanaspati and bakery fats. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.

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India’s import of paper and paperboard has gone up by 60 percent to touch an all- time high of 10.5 lakh tonnes, in the first half of financial year 2018 (H1FY18) from 6.5 lakh tonne during the first half of FY17, despite the Centre’s Make in India push. As per the latest data released by the Directorate General of Commercial Intelligence and Statistics, duty-free imports from ASEAN countries under free trade agreements (FTAs) more than doubled to 2.1 lakh tonnes from 0.8 lakh tonnes in H1FY17.

The data also revealed that in the previous six years, imports of paper and paperboard have rose at a CAGR of 15 percent in value terms, from Rs 3,411 crore in FY11 to Rs 8,237 crore in FY17. Besides, Saurabh Bangur, President, Indian Paper Manufacturers Association (IPMA), has said that paper is being imported at a cost which in many cases is less than input cost in India, which is among the few markets where demand is growing. However, he noted that most of the growth in demand is met by imported paper while domestic capacities are lying idle.

Bangur further pointed out that inadequate supply of domestic wood pulp, a key raw material, is a major constraint for the paper industry. He noted that cost of domestic wood in India is higher by almost $30-40 a tonne as compared to other Asian countries. Due to this single factor, the cost of paper production in India is higher by $100 per tonne. IPMA said, to the Ministry of Commerce & Industry, unbridled growth in import of paper is hurting the interests of the domestic industry, which does not enjoy a level playing field compared to duty-free imports from countries where cost of production of paper is a fraction of cost in India as raw material, inputs and energy is much cheaper and easily accessible.
SpiceJet has submitted bids under the regional connectivity scheme’s second round of bidding. The company not sought any Viability Gap Funding (VGF) for their proposed flights under the scheme. It is already operating UDAN flights after winning bids in the first round.


The financial bids in the second round of the scheme -- Ude Desh ka Aam Naagrik (UDAN) -- would be opened on December 14, while the technical bids were opened on December 5.


SpiceJet is among the first private companies that stepped into the Indian aviation sector.

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Jet Airways has submitted bids under the regional connectivity scheme’s second round of bidding. This is the first time Jet Airways has officially expressed interest to participate in the scheme.

The financial bids in the second round of the scheme -- Ude Desh ka Aam Naagrik (UDAN) -- would be opened on December 14, while the technical bids were opened on December 5.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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Tata Communications is currently trading at Rs. 710.00, up by 15.45 points or 2.22% from its previous closing of Rs. 694.55 on the BSE.

The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 758.00 and Rs. 706.80 respectively. So far 311221 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 784.00 on 17-Mar-2017 and a 52 week low of Rs. 570.45 on 10-Aug-2017.

Last one week high and low of the scrip stood at Rs. 758.00 and Rs. 665.35 respectively. The current market cap of the company is Rs. 20253.53 crore.

The promoters holding in the company stood at 74.99%, while institutions and non-institutions held 18.77% and 6.23% respectively.

Tata Communications has received an approval for the scheme of arrangement and reconstruction between the company and Hemisphere Properties India (HPIL) and their respective shareholders and creditors. The Board of Directors of the company at its meeting held on December 13, 2017, has approved the same.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

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Yes Bank is currently trading at Rs. 302.50, up by 0.65 points or 0.22% from its previous closing of Rs. 301.85 on the BSE.

The scrip opened at Rs. 302.00 and has touched a high and low of Rs. 304.35 and Rs. 302.00 respectively. So far 61165 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.25 on 21-Sep-2017 and a 52 week low of Rs. 218.25 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 315.75 and Rs. 301.15 respectively. The current market cap of the company is Rs. 69502.59 crore.

The promoters holding in the company stood at 20.11%, while institutions and non-institutions held 70.08% and 9.81% respectively.

Yes Bank has entered into partnership with FundsIndia.com, a premier investment platform for mutual funds and equities. This partnership is to launch Unified Payments Interface (UPI) on their Android app for MF payments.

As FundsIndia’s UPI integration supports 58 banks, a wider customer base can now take advantage of technology for smoother, quicker payments.

Yes Bank is India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India.

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L&T Finance Holdings has reportedly extended a loan of Rs 300 crore towards three projects of realty developer Satellite Group. The funding for nearly a million sq ft of development potential has been made at around 15% with a total tenure of up to 7 years.

The funds will be used for construction of the developer’s 5-lakh-sq-ft low-cost housing project in Mumbai’s western suburb Malad, a mid-income group project in Goregaon suburb, and a premium project in South Mumbai.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

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