Monday, 29 February 2016


Union Budget 2016 has announced the reduction of excise duty on set top box from 12.5% to nil. Reacting to this news, Dish TV India is currently trading at Rs. 67.85, up by Rs. 0.5 or 0.74% from its previous closing of Rs. 67.35 on the BSE. The scrip opened at Rs. 67.75 and has touched a high and low of Rs. 68.15 and Rs. 65.25 respectively. So far 6592849(NSE+BSE) shares were traded on the counter.

However, Hathway Cable & Datacom is currently trading at Rs. 30.2, down by Rs. 0.5 or 1.63% from its previous closing of Rs. 30.7 on the BSE. The scrip opened at Rs. 31 and has touched a high and low of Rs. 31 and Rs. 29.8 respectively. So far 525424(NSE+BSE) shares were traded on the counter. 

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Iron ore exports from the country are expected to gather steam as government has cut export duty on iron ore to nil. The export duty on Iron ore fines with Fe content below 58% has been reduced from 10% to nil; Iron ore lumps with Fe content below 58% and Chromium ores and concentrates, all sorts has been reduced from 30% to nil. Besides, export duty on Bauxite has been reduced from 20% to Nil. The government had, with effect from April last year, reduced export duty on ore containing less than 58% iron to 10% from 30% earlier, but kept the duty on higher-grade ore at 30%.

Vedanta Ltd is currently trading at Rs. 74.75, up by Rs. 2.95 or 4.11% from its previous closing of Rs. 71.8 on the BSE. The scrip opened at Rs. 72.3 and has touched a high and low of Rs. 76.65 and Rs. 70.75 respectively. So far 16062544(NSE+BSE) shares were traded on the counter.

NMDC Ltd is currently trading at Rs. 80.85, up by Rs. 0.9 or 1.13% from its previous closing of Rs. 79.95 on the BSE. The scrip opened at Rs. 80.1 and has touched a high and low of Rs. 81.6 and Rs. 79.25 respectively. So far 2163016(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 31697.78 crore.

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FM Arun Jaitley in the Union Budget announced an additional levy of 1% on luxury cars, and an infrastructure cess on cars, SUVs, and diesel vehicles.

Maruti Suzuki India Ltd is currently trading at Rs. 3268.1, down by Rs. 140.95 or 4.13% from its previous closing of Rs. 3409.05 on the BSE. The scrip opened at Rs. 3430 and has touched a high and low of Rs. 3430.05 and Rs. 3252.65 respectively. So far 610485(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 102980.58 crore. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4789 on 23-Nov-2015 and a 52 week low of Rs. 3372 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 3567.45 and Rs. 3372 respectively. The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 37.62 % and 6.17 % respectively. The stock is currently trading above its 200 DMA.

Mahindra & Mahindra Ltd is currently trading at Rs. 1232.7, up by Rs. 3.1 or 0.25% from its previous closing of Rs. 1229.6 on the BSE. The scrip opened at Rs. 1225 and has touched a high and low of Rs. 1268.05 and Rs. 1216.3 respectively. So far 689389(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 76369.52 crore. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1092 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1249 and Rs. 1195 respectively.

The promoters holding in the company stood at 25.53 % while Institutions and Non-Institutions held 55.76 % and 12.88 % respectively.The stock is currently trading below its 200 DMA. Amtek Auto Ltd is currently trading at Rs. 28.45, down by Rs. 0.25 or 0.87% from its previous closing of Rs. 28.7 on the BSE. The scrip opened at Rs. 29 and has touched a high and low of Rs. 29.25 and Rs. 28.05 respectively. So far 668770(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 645.05 crore. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 176.1 on 03-Aug-2015 and a 52 week low of Rs. 25.6 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 31.9 and Rs. 28.3 respectively. The promoters holding in the company stood at 49.99 % while Institutions and Non-Institutions held 14.01 % and 36 % respectively.

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Shares of IDBI Bank are surged more than 8% on BSE after the Union Finance Minister said in his Budget 2016 speech that the government has kept the option open for reducing its stake in the bank to below 50%. IDBI Bank Ltd is currently trading at Rs. 60.05, up by Rs. 4.4 or 7.91% from its previous closing of Rs. 55.65 on the BSE.

The scrip opened at Rs. 56.2 and has touched a high and low of Rs. 60.45 and Rs. 56.15 respectively. So far 7271225(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10573.8 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.7 on 03-Dec-2015 and a 52 week low of Rs. 47.4 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 58.5 and Rs. 54.7 respectively. The promoters holding in the company stood at 80.16 % while Institutions and Non-Institutions held 11.62 % and 8.22 % respectively.

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ITC slipped 1.4% to Rs.287 on BSE. The expectations are that there will be a likely increase in excise duty on cigarette. According to reports, tobacco products may again attract higher taxes in the upcoming Union Budget 2016-17. Highlighting a discrepancy between the existing tobacco prices and rising income levels, the health ministry along with the World Health Organisation (WHO) and other public health groups have proposed a hike in taxes of up to 40% for all tobacco products, as per reports. 

The scrip opened at Rs. 292 and has touched a high and low of Rs. 292 and Rs. 285.5 respectively. So far 3847321(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 233984.64 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.7 on 28-Feb-2015 and a 52 week low of Rs. 283.5 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 304 and Rs. 283.5 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.93 % and 43.82 % respectively.

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Jet Airways stock was lower by 4% at Rs. 486. Report says that the airline has decided to consolidate its existing position by maximizing aircraft utilization instead of adding more new planes. The scrip opened at Rs. 505 and has touched a high and low of Rs. 505 and Rs. 484 respectively. So far 1277626(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5739.64 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 796 on 13-Jan-2016 and a 52 week low of Rs. 248.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 564.6 and Rs. 490.75 respectively. The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 37.95 % and 11.05 % respectively.

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SBI stock was up by 3% at Rs. 160. The bank has received shareholders approval to raise up to Rs. 15,000 crore by public issue or overseas issuance of shares.

The scrip opened at Rs. 158.75 and has touched a high and low of Rs. 161 and Rs. 157.5 respectively. So far 6716193(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 121293.39 crore. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.8 on 04-Mar-2015 and a 52 week low of Rs. 148.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 166.8 and Rs. 151.3 respectively. The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 28.55 % and 9.32 % respectively.

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Friday, 26 February 2016


NIIT Technologies has successfully implemented its next generation policy and claims administration platform, Navigator at Sompo Japan Canopius Reinsurance AG (SC Re), Sompo Canopius’ reinsurance subsidiary.

Navigator offers product management capabilities that allow new products to be configured swiftly without the need for significant IT involvement. Its workflow feature allows insurers to streamline or automate complex business rules. It supports the full lifecycle processing of a policy from submission, quote and underwriting to policy administration, message processing, claims handling and reinsurance, whilst also offering capabilities to consolidate multiple underwriting platforms onto a single platform.

“Our confidence in NIIT Technologies' proven service capabilities and delivery is a result of its successful demonstration and deployment of various projects over the last few years. The use of the Navigator underwriting and claims system will be valuable in the efficient management of our reinsurance business” said Mark Daly, Chief Information Officer at Sompo Canopius.

Atul Sharma, Head of NIIT Insurance Technologies Ltd said, “Navigator is a tool that helps companies with their speed to market, streamline their business processes and help improve overall efficiencies". Navigator forms a part of the flagship commercial insurance platform +AdvantageSuite from NIIT Technologies, designed to drive underwriting profitability.

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