Tuesday, 28 February 2017


Recently commissioned, Tata Steel’s Ferro Chrome plant at Gopalpur Industrial Park in Ganjam District of Odisha, has achieved a milestone with first ever production of ferro chrome on February 25, 2017.Chromite briquettes used in making ferro chrome have been produced by the briquetting plant at the ferro chrome plant complex.

Tata Steel’s Gopalpur Industrial Park, the 542 crore ferro-chrome plant, has an installed capacity of 55000 tonne per annum(TPA). Apart from the plant at Gopalpur, Tata Steel has 2 other ferro chrome plants in Odisha and  Cuttack. 

Tata Steel Ltd is currently trading at Rs 483, up by Rs 2.15 or 0.45% from its previous closing of Rs 480.85 on the BSE. The scrip opened at Rs 481 and has touched a high and low of Rs 485.5 and Rs 480.85 respectively. So far 2662771(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 46700.89 crore.

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The bourses are in a bearish mode. BSE Sensex and Nifty are trading weak by 0.09% & 0.18% respectively.Whereas, the BSE Small-cap index is trading up by 53.44 points or 0.39% at 13662.84 levels.Manali Petrochemicals is currently trading up by 12.4% in the BSE Small-cap index as government is likely to levy anti dumping duties of upto USD 135.40 per tonne on imports of a chemical used in foam making, coming from Thailand.

This is done in order to protect the domestic players from cheap imports of ‘Flexible Slabstock Polyol’. On behalf of domestic industry, Manali Petrochemicals had filed the application for investigation. Due to below cost imports the domestic industry has suffered material injury.

Manali Petrochemicals Ltd is currently trading at Rs 41.7, up by Rs 6.15 or 17.3% from its previous closing of Rs 35.55 on the BSE.The scrip opened at Rs 37 and has touched a high and low of Rs 42 and Rs 37 respectively. So far 11602139(NSE+BSE) shares were traded on the counter.The current market cap of the company is Rs 611.46 crore.
  
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Stocks of Adani Enterprises Limited, Agarwal Corp., Biocon Limited, Dilip Buildcon Limited, Future Retail Limited, Jindal Stainless, GMR Infrastructure Limited, Hisar Metal Ind., Tata Metaliks, Minda Ind., National Fertilisers Limited, HEG Ltd., and Karnataka Bank hit their fresh 52-week high on NSE.

On the contrary, stocks of Servalakshmi Pap, DB International, JITF Infralogistics Ltd., KSS Ltd., Birla Cotsyn, FCS Software, Rasoya Proteins, Tera Software, TD Power Systems, Shekhawati Poly have touched their fresh 52-week low.

The NSE benchmark, Nifty index, is currently down 21.90 points at 8875.80 levels.

Bharti Airtel, Hindalco, M&M, Yes Bank and Asian Paints were among top gainers in the index; while BPCL, Coal India Ltd., Idea Cellular, Grasim and TCS are trading lower in the afternoon trade. 

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Coal India in Monday’s trade opened in red. The stock in morning hours plunged nearly 2%. The company announced the buyback programme post market hours on Monday. South Eastern Coalfield Limited (SECL), an arm of state-run, Coal India, had approved a share buyback plan of Rs 1200.19 crore. 

The board of directors of the company has approved the buyback of 1,50,443 fully paid equity shares of face value Rs 1000 each, from the members of SECL, for an aggregate amount not exceeding Rs 1200.19 crore.The stock has delivered 4.43% returns in a period of one year, underperforming the BSE Sensex and the BSE Metal index over the same time span.

Headquartered in Kolkata, Coal India Limited is an Indian state-controlled coal mining company, and is the largest coal producer company in the world, contributing around 82% of the coal production in India.
 
Coal India Ltd is currently trading at Rs 323, down by Rs 7 or 2.12% from its previous closing of Rs 330 on the BSE.The scrip opened at Rs 330 and has touched a high and low of Rs 331.5 and Rs 322.8 respectively. So far 1819195(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 208439.88 crore.

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Monday, 27 February 2017

The stocks of RBL Bank  surged over 3% owing to the speculation that the bank is in talks for a merger with Bharat Financial Inclusion. IndusInd Bank was believed to be in talks with Bharat Financial and the talks were going on for the valuation of the deal. In the last six months the stock of RBL has given a return of 34%. Motilal Oswal Mutual Fund, SBI Mutual Fund and Reliance Mutual Fund are the top three fund houses which have invested in the stock of the company.

RBL Bank Ltd is closed at Rs 470, up by Rs 13.15 or 2.88% from its previous closing of Rs 456.85 on the BSE. The scrip opened at Rs 457.05 and has touched a high and low of Rs 487.7 and Rs 457.05 respectively. So far 7147562(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 17091.02 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 474.6 on 23-Feb-2017 and a 52 week low of Rs 273.7 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs 474.6 and Rs 413.5 respectively.       The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 21.69 % and 78.31 % respectively. 

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Cadila Healthcare is currently trading up by 2.78% as Nesher Pharmaceuticals, a subsidiary of Zydus Pharmaceuticals USA has received final approval from USFDA for Oseltamivir Phosphate capsules in strengths of 30mg, 45 mg and 75 mg.

It is an anti viral used in the prevention and treatment of influenza virus infection.The group has also received the final approval from USFDA to market Linezolid Tablets USP, 600mg. The drug is an anti-bacterial agent, used to treat certain serious bacterial infections.

Cadila Healthcare Ltd is currently trading at Rs 440.95, up by Rs 10.9 or 2.53% from its previous closing of Rs 430.05 on the BSE. The scrip opened at Rs 435 and has touched a high and low of Rs 446.7 and Rs 432.5 respectively.So far 1969131(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 44026.05 crore.For Quick Trial – 8962000225 ✔
 
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Ruby Mills started the day on a positive note, and the stock has surged by 6% intraday as the company received a permission from the Maharashtra Pollution Control Board to restart its unit, which is located in Kharsundi village in Khalapur Taluka. 

In the last one year, it has given a return of 36%, and in the last three months, the stock has given a return of 17%. BNP Paribas Mutual Fund and Principal Mutual Fund are the two fund houses which have invested in the stock of the company.

Ruby Mills is a composite textile mill, mainly into manufacturing of cottons. Ruby Mills Ltd is currently trading at Rs 361, up by Rs 16.9 or 4.91% from its previous closing of Rs 344.1 on the BSE.The scrip opened at Rs 350 and has touched a high and low of Rs 365 and Rs 350 respectively. So far 21417(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 575.34 crore.

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Stocks of Axis Bank on Monday plunged 2.72% to Rs 517.45 on the NSE. In a recent development, a complaint has been filed against India's third largest private-sector bank by UIDAI.

The UIDAI (Unique Identification Authority of India) has filed a criminal complaint against Suvidha Infoserve and eMUdhra alongwith Axis Bank. The complaints have been filed for allegedly storing biometrics and using them in an unauthorised manner. All the related transaction requests from these organisations have been put on hold.

The stock in a period of one year has delivered 32.88% returns. The stock has underperformed the BSE Bankex and outperformed the BSE Sensex in a period of one year. Axis Bank Ltd is currently trading at Rs 512.5, down by Rs 15.15 or 2.87% from its previous closing of Rs 527.65 on the BSE. The scrip opened at Rs 527.75 and has touched a high and low of Rs 527.75 and Rs 511.5 respectively. So far 4042713(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 126249.57 crore.
 
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Wednesday, 22 February 2017

Reliance Industries scrip has jumped 11.09% in Wednesday's trade and closed at Rs 1208.90, which is nearly nine year closing high, owing largely to the pricing, set by Jio for its customers. Reliance Industries' scrip clocked a multi-year high as investors cheered the announcements made by chairman & managing director, Mukesh Ambani for Jio customers.

The scrip soared to a high of 1211.65 intraday on NSE and was the biggest contributor to the benchmarks' gains, Nifty and Sensex. The stock in post afternoon trade hit Rs 1200-mark for the first time since May 19, 2009.

Ambani on February 21 announced offers for its existing Jio customers as a reward for their loyalty to the brand. Expressing gratitude to Jio's first 100 million users, Mukesh Ambani said that customers coming on board before April 1 will be eligible to avail a 'Jio Prime' membership, enrollment for which will start from March 1 onwards. At a one-time fee of Rs 99, existing Jio customers could get Jio’s services for one year at a price of Rs 303 per month from April 1, 2017. Jio notched the 100-million customer mark within just 170 days of its launch.

In the past one week, the stock has risen over 11 % and has also shown strong movements in the past three days as well, posting a near 9 % gain. The stock has biggest one day gain since May 18, 2009. The market capitalisation of Reliance Industries rose by Rs 36200 cr today; which is more than the market capitalisation of Idea Cellular (Rs 35900 cr). Also the trading volumes today were highest in last seven years.

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Minda Industries has surged 4.06% after the company has entered into a joint venture agreement with Katolec Corporation, Japan to manufacture high end electronic products like Printed Circuit Boards (PCBs) and Box Build Assemblies.The joint venture company is proposed to be set up in Pune, Maharashtra.

Founded in 1960, Minda Industries Limited - Switch Division is the largest manufacturer, by volume, of two wheeler automotive switches in the world, nominated as a global supplier to Honda, Japan.The division also has a major share of business in all Indian two wheeler OEMs.With approximately 3000 employees, the Switch Division operates nine plants in India and two overseas plants in Indonesia and Vietnam.

The products are manufactured out of several locations across India, like Manesar, Pune, Aurangabad and Pantnagar, and caters to many OEM customers like Yamaha, Suzuki, Swaraj Mazda, New Holland, Eicher, Mahindra, Tafe, Royal Enfield, Maruti, Fiat, Volkswagen, Toyota, Tata, Ford, etc.

Minda Industries Ltd is currently trading at Rs 391.9, up by Rs 12.55 or 3.31% from its previous closing of Rs 379.35 on the BSE.The scrip opened at Rs 382.7 and has touched a high and low of Rs 399 and Rs381.1 respectively. So far 283651(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3009.26 crore.

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Bharat Electronics Limited (BEL) has fallen by over 2% as the government said it is going to sell 5% of its stake in the state-run defence major. The floor price has been fixed at Rs 1498 per share, at a discount of about 4% to BEL’s closing price on Feb 20, which was Rs 1559.95. The sale of stake will raise Rs 160 crore for the government.

In the last one year, the stock has given a return of 32%, outperforming the BSE Sensex. Reliance Mutual Fund is the top fund house which has invested in the stock of the company. BEL is an Indian state-owned defence and aerospace company with about nine factories and has a few regional offices in India.

Bharat Electronics Ltd is currently trading at Rs 1522.8, down by Rs 37.15 or 2.38% from its previous closing of Rs 1559.95 on the BSE. The scrip opened at Rs 1510 and has touched a high and low of Rs 1527 and Rs 1510 respectively. So far 556242(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 34843.48 crore.

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Reliance Industries Limited (RIL) is soaring in markets today and is up by nearly 7%.The stock has gained almost Rs 25000 cr in market capitalisation today's trade. RIL is contributing to almost 25 points to Nifty Gains and is trading at its 8 years high. The stock is trading at levels it has seen in 2009.

The stock is reacting to the major announcements made by Mukesh Ambani yesterday where he announced that the almost 7 customers have been added every second in past 170 days since Reliance Jio has been launched. Almost 100 million customers have been added in less than 170 days for Reliance Jio.

Reliance Jio, one of the world largest start up, is now expected to start generating revenues post April 1 period. The company in an aggressive bid to gain market share had offered free plans to acquire customers.

Reliance Industries Ltd is currently trading at Rs 1154.35, up by Rs 66.1 or 6.07% from its previous closing of Rs 1088.25 on the BSE.The scrip opened at Rs 1092.05 and has touched a high and low of Rs 1166.5 and Rs 1092.05 respectively. So far 6973807(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 353013.3 crore.

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