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IEX gains on witnessing 13.2% growth in electricity sales in September quarter

Indian Energy Exchange is currently trading at Rs. 194.60, up by 0.40 points or 0.21% from its previous closing of Rs. 194.20 on the BSE.

The scrip opened at Rs. 195.15 and has touched a high and low of Rs. 196.50 and Rs. 193.20 respectively. So far 14666 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 219.05 on 16-Sep-2020 and a 52 week low of Rs. 111.05 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 203.20 and Rs. 192.30 respectively. The current market cap of the company is Rs. 5817.39 crore.

The Institutions and Non-Institutions holding in the company stood at 65.29% and 34.71% respectively.

Indian Energy Exchange (IEX) has recorded 13.2% rise in electricity sales to16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country. The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019).

The second quarter initially saw a slump in manufacturing due to re-lockdowns in a few states, however, the industrial activity picked up momentum in August and September.

IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.

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Ashok Leyland zooms on launching BOSS LX, LE with i-Gen6 Technology

Ashok Leyland is currently trading at Rs. 78.30, up by 2.85 points or 3.78% from its previous closing of Rs. 75.45 on the BSE.

The scrip opened at Rs. 75.25 and has touched a high and low of Rs. 78.60 and Rs. 75.00 respectively. So far 1032318 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 87.50 on 24-Jan-2020 and a 52 week low of Rs. 33.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 78.60 and Rs. 73.25 respectively. The current market cap of the company is Rs. 22823.72 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 32.24% and 16.23% respectively.

Ashok Leyland has launched the BOSS LE and LX Trucks, with i-Gen6 BS-VI technology in BS6. BOSS Brand has been one of the leading brands, from Ashok Leyland, in the Intermediate Commercial Vehicle (ICV) segment. These two vehicles will address the 11.1 tonne to 14.05 tonne GVW market. Customers can choose from multiple combinations – Loading span from 14ft to 24 ft and body type options of high side deck, fixed side deck, drop side deck, cab chassis, container and tipper. Prices of BOSS LE and LX start from Rs 18 lakh, ex-showroom Mumbai / Delhi / Chennai.

The BOSS platform offers multiple applications including usage for parcel & courier, poultry, white goods, agri-perishable, e-commerce, FMCG, auto parts and reefer, among others. Customers can choose from two cabin options and expect multiple improvement over BS-IV technology like up to 7% higher fluid efficiency, up to 5% better tyre life, up to 30% longer service interval and up to 5% lower maintenance cost. BOSS will be available as a fully-built option with class-leading ergonomic and safety features for the driver. It comes bundled with digital solutions like i-Alert, remote diagnostics.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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RBL Bank trades in green on BSE

RBL Bank is currently trading at Rs. 179.75, up by 0.35 points or 0.20% from its previous closing of Rs. 179.40 on the BSE.

The scrip opened at Rs. 180.90 and has touched a high and low of Rs. 186.00 and Rs. 175.80 respectively. So far 715189 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 391.05 on 28-Nov-2019 and a 52 week low of Rs. 101.60 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 186.00 and Rs. 166.25 respectively. The current market cap of the company is Rs. 9083.69 crore.

The Institutions holding in the company stood at 49.76%  and Non-Institutions held 50.25% respectively.

Zenpay Solutions has partnered with RBL Bank and YAP to drive financial inclusion to issue salary cards to its customers across India. The corporate expense and salary payment solution will help blue collared employees working with SMEs and MSME to receive digital payments via a salary account. Zenpay will also offer customers a digital salary card and mobile application, which will help them manage their finance efficiently with the help of the interactive dashboard.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.

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Avenue Supermarts surges despite reporting 38% fall in Q2 consolidated net profit

Avenue Supermarts is currently trading at Rs. 2087.20, up by 103.60 points or 5.22% from its previous closing of Rs. 1983.60 on the BSE.

The scrip opened at Rs. 1968.50 and has touched a high and low of Rs. 2100.45 and Rs. 1949.30 respectively. So far 70889 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2559.00 on 13-Feb-2020 and a 52 week low of Rs. 1701.00 on 11-Dec-2019.

Last one week high and low of the scrip stood at Rs. 2100.45 and Rs. 1949.30 respectively. The current market cap of the company is Rs. 135851.31 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 16.38% and 8.63% respectively.

Avenue Supermarts has reported 36.86% fall in its net profit of Rs 210.55 crore for the quarter ended September 30, 2020 as against net profit of Rs 333.45 crore for the same quarter in the previous year. Total income of the company decreased by 11.48% at Rs 5,273.96 crore for Q2FY21 as compared Rs 5,957.87 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 38.46% fall in its net profit attributable to equity holders of the parent at Rs 198.55 crore for the quarter ended September 30, 2020 as against net profit of Rs 322.66 crore for the same quarter in the previous year. Total income of the company decreased by 10.68% at Rs 5,358.37 crore for Q2FY21 as compared Rs 5,998.80 crore for the corresponding quarter previous year.

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Wipro tumbles on the bourses

Wipro is currently trading at Rs. 341.20, down by 8.95 points or 2.56% from its previous closing of Rs. 350.15 on the BSE.

The scrip opened at Rs. 350.60 and has touched a high and low of Rs. 354.10 and Rs. 339.20 respectively. So far 1293860 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 381.70 on 13-Oct-2020 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 381.70 and Rs. 339.20 respectively. The current market cap of the company is Rs. 195394.70 crore.

The promoters holding in the company stood at 74.02%, while Institutions and Non-Institutions held 15.45% and 8.06% respectively.

Wipro has reported marginal fall in its net profit of Rs 2,244 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 2,247 crore for the same quarter in the previous year. Total income of the company decreased by 2.14% at Rs 12,875 crore for Q2FY21 as compared Rs 13,156.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 3.41% fall in its net profit attributable to equity holders of Rs 2,465.70 crore for the quarter ended September 30, 2020 as against net profit of Rs 2,552.70 crore for the same quarter in the previous year. Total income of the company marginally decreased by 1.41% at Rs 15,651.40 crore for Q2FY21 as compared Rs 15,875.40 crore for the corresponding quarter previous year.

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Shree Renuka Sugars touches roof on commencing operations at port based refinery at Haldia

Shree Renuka Sugars is currently trading at its upper circuit limit of Rs. 9.43, up by 0.44 points or 4.89% from its previous closing of Rs. 8.99 on the BSE.

The scrip opened at Rs. 8.94 and has touched a high and low of Rs. 9.43 and Rs. 8.84 respectively. So far 114003 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 12.45 on 02-Jul-2020 and a 52 week low of Rs. 3.20 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 9.43 and Rs. 8.84 respectively. The current market cap of the company is Rs. 1915.64 crore.

The promoters holding in the company stood at 62.48%, while Institutions and Non-Institutions held 22.94% and 14.58% respectively.

Shree Renuka Sugars has commenced operations at its port based refinery at Haldia (West Bengal) on October 14, 2020, in accordance with granted regulatory approvals.

Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.

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Jindal Drilling gains on commencing operation of Rig ‘JINDAL SUPREME’

Jindal Drilling & Industries is currently trading at Rs. 70.90, up by 0.15 points or 0.21% from its previous closing of Rs. 70.75 on the BSE.

The scrip opened at Rs. 70.10 and has touched a high and low of Rs. 70.90 and Rs. 69.45 respectively. So far 1233 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 127.55 on 28-Jan-2020 and a 52 week low of Rs. 41.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 76.80 and Rs. 69.45 respectively. The current market cap of the company is Rs. 202.14 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 0.37% and 32.44% respectively.

Jindal Drilling & Industries’ Rig ‘JINDAL SUPREME’ has commenced operation under the contract awarded by ONGC to the Company.

Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.

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Cyient rises on partnering with SPRINT

Cyient is currently trading at Rs. 379.95, down by 2.10 points or 0.56% from its previous closing of Rs. 377.85 on the BSE.

The scrip opened at Rs. 378.50 and has touched a high and low of Rs. 380.00 and Rs. 372.00 respectively. So far 33794 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 514.00 on 06-Feb-2020 and a 52 week low of Rs. 184.15 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 404.30 and Rs. 372.00 respectively. The current market cap of the company is Rs. 4145.92 crore.

The promoters holding in the company stood at 23.25%, while Institutions and Non-Institutions held 56.71% and 20.04% respectively.

Cyient and SPRINT (Space Research and Innovation Network for Technology), a UK based business innovation support programme, have entered into strategic partnership to accelerate the innovation in the UK space sector and to strengthen the mutual focus on industry collaboration.

SPRINT provides businesses in the UK with funded access to universities with space expertise and facilities. This enables enterprises to accelerate their innovative product development lifecycles. The partnership will enable Cyient to identify new business opportunities, to lower its product development costs and to offer cutting edge geospatial solutions with higher precision. The partnership will also assist Cyient in accessing industry experts from various academic institutions and SMEs across UK for collaborative space data and technology projects.

Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.

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Coal India trades in red despite its fuel allocation under spot e-auction rises 50% in April-August period

Coal India is currently trading at Rs. 113.35, down by 1.55 points or 1.35% from its previous closing of Rs. 114.90 on the BSE.

The scrip opened at Rs. 115.40 and has touched a high and low of Rs. 115.50 and Rs. 112.80 respectively. So far 462718 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 217.90 on 05-Nov-2019 and a 52 week low of Rs. 112.00 on 09-Oct-2020.

Last one week high and low of the scrip stood at Rs. 119.55 and Rs. 112.00 respectively. The current market cap of the company is Rs. 69916.15 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.10% and 4.69% respectively.

Coal India (CIL) has allocated 13.86 million tonnes (MT) coal in the first five months of FY21 under the spot e-auction scheme, registering a year-on-year increase of 49.5 percent. The company had allocated 9.27 MT of coal in the April-August period of the previous fiscal.

Fuel allocation by CIL under the scheme also increased to 3.36 MT in August, from over 0.61 MT in the corresponding month of the previous fiscal. Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

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SBI spurts as its arm expects to increase market share among private sector non-life players

State Bank of India is currently trading at Rs. 199.60, up by 1.35 points or 0.68% from its previous closing of Rs. 198.25 on the BSE.

The scrip opened at Rs. 200.05 and has touched a high and low of Rs. 205.85 and Rs. 197.25 respectively. So far 2099074 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 351.00 on 28-Nov-2019 and a 52 week low of Rs. 149.55 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 205.85 and Rs. 187.10 respectively. The current market cap of the company is Rs. 177153.54 crore.

The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 33.04% and 9.13% respectively.

State Bank of India’s (SBI) subsidiary — SBI General Insurance is expecting to increase its market share among the private sector non-life players to 8.5 percent by March, driven by the momentum in the health and motor portfolios. The optimism comes from a growth rate of 25 percent it has clocked in the first five months of the year as against the industry growth rate of 5 percent, and the uptick in the motor business, which is its single-largest business portfolio. In the June quarter, the company’s AUM clipped at 21 percent to Rs 7,725 crore and had a 7.3 percent market share among the private players.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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