Friday, 22 September 2017


NMDC tanked on bourses in the mid-market hours during Friday’s trade as iron ore prices tanked sharply this week.

Iron ore prices witnessed 11% fall in prices this week. In the overseas market, iron ore prices slipped 7.4% to USD 63 a tonne overnight, the lowest spot price since mid-July, reported a leading business daily.

The fall in iron ore prices can likely be attributed to the abundant supply of steel and iron ore and reduction in hot rolled coil prices by China.

Meanwhile, the stock on bourses ticked lower by 4.90% at Rs 122.35 per share on BSE attracting a total traded quantity of 2.95 lakh shares.

NMDC Limited is an India-based company engaged in mining of iron ore. The Company's segments include Iron Ore, and Other minerals & services. It is also engaged in the production and sale of diamond, sponge iron and wind power. 

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The promoter of Mercator has released pledge on 28 lakh shares, reported a leading business channel on Friday. The stock of Mercator was trading down by nearly 3% during Friday’s trade on the BSE.

Mercator was trading at Rs 39.15 per share, down by Rs 1.15 or 2.85% as at 1229 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs 40.30 and Rs 39.15, respectively.

The stock attracted a traded volume of 6,12,912 shares and traded value of Rs 242.41 lakh on the NSE. The company had hit its 52-week high of Rs 55.25 on April 24, 2017 and 52-week low of Rs 32.95 on November 22, 2016, on the NSE.

Mercator Limited is engaged in sea and coastal freight water transport; renting and operational leasing of water-transport equipment without operator, and cargo handling Services. The company's segments include shipping, offshore, and Coal mining, procurement/trading and logistics.
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Indore-based snacks manufacturer, Prataap Snacks IPO issue got subscribed by 0.28x or 28% as of 1345 hours. The total size of the issue stands at 36,27,518 shares. It received total bids for 10,05,540 shares, while the total bids received at cut-off price stood at 2,38,410 shares.

While, the company has assigned Edelweiss Financial  Services, JM Financial and Spark Capital Advisors (India) as the global coordinators and book running lead managers to the issue for the IPO, the shares of which are proposed to be list on both the Bombay Stock Exchange and National Stock Exchange (NSE).

Prataap Snacks manufactures products under the Yellow Diamond brand in the organised snack category. The category is estimated to be worth Rs 22,000 crore, further growing at 10-11% on year on year basis.

For the year ended March 31, 2017, the company posted a net profit of Rs 9.89 crore against Rs 27.37 crore in the previous fiscal. The company had posted a net profit of Rs 9.90 crore, Rs 5.37 crore and Rs 14.87 crore in FY15, FY14 and FY13, respectively.
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Housing finance stock were trading lower following weak market sentiments during Friday’s trade.

Housing finance stocks namely SRG Housing Finance tanked 4.91% at Rs 208.20 per share, Can Fin Homes slipped 3.27% at Rs 2,705 per share, Coral India Finance & Housing tanked 3.09% at Rs 80 per share and DHFL tanked 3.06% at Rs 576.15 per share.

Meanwhile, on yearly basis, SRG Housing Finance has given 165.22% returns, Can Fin Homes has given 62.34% returns, DHFL has given 97.53% returns while Coral India Finance & Housing has lost 59.385 returns.

Meanwhile, the S&P BSE Sensex is trading at 32,117 down by 252 points, while NSE Nifty is trading at 10,021 down by 100 points. A total of 30 stocks registered a fresh 52-week high on Friday, while 12 stocks touched their new 52-week low on the NSE.

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Sanghi Industries stock spiked 3.45% at Rs 95.90 per share on BSE after 15 lakh shares worth Rs 13 crore changed hands on the exchange.

The company has delivered a growth of 2.50% over past five years. The company has a low return on equity of 5.73% for last 3 years. The stock hit its intraday high at Rs 98 per share and an intraday low of Rs 89.15 per share on BSE.

The stock on yearly basis has given 27.21% returns and has underperformed BSE Small cap index.

Sanghi Industries Limited is an India-based company engaged in the manufacturing and sale of cement and clinker. The Company manufactures and markets cement and cement products in domestic and export markets. It offers products, including Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC). 

Meanwhile, continues to trade in negative territory wherein Sensex plummeted 293 points at 32,068 level and Nifty tanked 111 points at 10,010 level.
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The stock of ITI was buzzing on the bourses as it hit a record high during Friday’s trade on the BSE. The stock galloped over 18% on receiving an order from the Defence Ministry. It was the top gainer on BSE Smallcap index.

ITI has been declared as winner in the Rs 7,000 crore Phase IV tender of Army (Army Static Switched Communication Network – ASCON) for deploying and maintaining its strategic communication network across the country, said the company in a BSE filing on Thursday post market hours.

The stock was trading at Rs 144.70 per share, up by Rs 22.50 or 18.41% as at 1148 hours on Friday, on the BSE. It traded on a new 52-week high value of Rs 145 per share and witnessed a spurt in volume by more than 4.07 times. The stock had breached upper circuit during Thursday’s trade.
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Public sector bank, Vijaya Bank is likely to merge with Dena Bank, reported a leading news daily, on Friday. The share prices of both the banks gained on the back of the merger reports during Friday’s trade. Dena Bank surged over 8% and Vijaya bank surged by 1% in intraday trade on the BSE on Friday.

The stock of Dena Bank hit an intraday high of Rs 33.45 per share and an intraday low of Rs 30.55 per share on BSE on Friday. The stock had hit its 52-week high of Rs 50 per share on May 9, 2017 and its 52-week low of Rs 30.30 per share on August 22, 2016 on BSE.

At 1058 hours, the stock was trading at Rs 31.95 per share, up by 3.40% on the BSE on Friday. The stock recorded a trade volume of 23,74,801 shares and a trade value of Rs 764.69 lakh on NSE. Meanwhile, Vijaya Bank was trading at Rs 59.15 per share, down by 1%.
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