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Eros International Media shines as Eros Now partners with WASU Media

Eros International Media is currently trading at Rs. 12.16, up by 0.57 points or 4.92% from its previous closing of Rs. 11.59 on the BSE.

The scrip opened at Rs. 12.16 and has touched a high and low of Rs. 12.16 and Rs. 12.16 respectively. So far 36312 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 123.00 on 21-Aug-2018 and a 52 week low of Rs. 9.08 on 13-Aug-2019.

Last one week high and low of the scrip stood at Rs. 12.16 and Rs. 10.50 respectively. The current market cap of the company is Rs. 116.14 crore.

The promoters holding in the company stood at 62.39%, while Institutions and Non-Institutions held 7.33% and 30.29% respectively.

Eros International Media’s parent company — Eros International Plc’s over-the-top (OTT) South Asian entertainment platform — Eros Now has partnered with WASU Media to deliver Bollywood and original Indian content to Chinese digital customers. WASU Media is a major cable television, broadband network OTT and IPTV service provider in China.

With the signing of this partnership deal, Eros Now cements its position as a pioneer as the only Indian OTT player to have distribution deals for Video on Demand in China.

Eros International Media is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media.

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Tech Mahindra rises as its CSR arm collaborates with Loomba Foundation

Tech Mahindra is currently trading at Rs. 674.35, up by 3.05 points or 0.45% from its previous closing of Rs. 671.30 on the BSE.

The scrip opened at Rs. 676.00 and has touched a high and low of Rs. 680.00 and Rs. 667.80 respectively. So far 26611 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 846.00 on 02-May-2019 and a 52 week low of Rs. 607.90 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 680.00 and Rs. 636.20 respectively. The current market cap of the company is Rs. 65166.49 crore.

The promoters holding in the company stood at 35.90%, while Institutions and Non-Institutions held 50.80% and 13.12% respectively.

Tech Mahindra’s Corporate Social Responsibility (CSR) arm — Tech Mahindra Foundation (TMF) has collaborated with The Loomba Foundation – a United Nations (UN) accredited global charity supporting widows and their children. The collaboration will facilitate employment-oriented skill training for widows and their children in India with focus on Jammu, Kashmir and Ladakh.

TMF will support the training needs of the students selected by the Loomba Foundation at its state-of-the-art academies in digital technologies and healthcare.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

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IT stocks gain as rupee weakens

Shares of IT services firms rise as the Indian rupee weakens to lowest since February 7.

The IT services companies, who make most of their revenues servicing clients in US, including Apple Inc and Walmart Inc, tend to benefit from a weaker rupee. Rupee, which fell 0.4 per cent on Monday, was down 0.3 per cent on Tuesday.

Nifty IT index rises as much as 1.79 per cent, sees best session since August 8.

Infosys Ltd gains as much as 2.62 per cent, highest in nearly three-weeks, rivals Wipro Ltd and Tata Consultancy Services Ltd rise 2.78 per cent and 1.65 per cent, respectively.

Infosys, Wipro and TCS among top three gainers on the NSE index.

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PTC India gains on signing agreement for 720 MW Mangdechhu plant in Bhutan

PTC India is currently trading at Rs. 58.65, up by 0.40 points or 0.69% from its previous closing of Rs. 58.25 on the BSE.

The scrip opened at Rs. 58.10 and has touched a high and low of Rs. 58.90 and Rs. 58.10 respectively. So far 1911 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 94.00 on 31-Dec-2018 and a 52 week low of Rs. 53.00 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 59.25 and Rs. 56.65 respectively. The current market cap of the company is Rs. 1737.57 crore.

The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 58.87% and 24.92% respectively.

PTC India has inked pact with Bhutan’s Druk Green Power Corporation for buying surplus power from the 720 MW Mangdechhu hydro-power plant in Bhutan for the next 35 years. The government has designated PTC as the nodal agency from Indian side to purchase surplus power from Bhutan.

With the commissioning and starting of supply from Mangdechhu, the company will be managing around 2,130 MW of hydro capacity from Bhutan. The Mangdechhu plant is a 720 MW run-of-river power project built on the Mangdechhu river in Trongsa Dzongkhag district of central Bhutan. The project is funded by a mix of debt and grant from India.

The project is estimated to generate 2,923 GWh (2.923 billion units) of electricity and offset 2.2 Mt of CO2 a year. The energy generated will be transmitted to India through Jigmeling and Salakati sub-station.

PTC India is engaged in the business of trading activities that includes long term trading of power generated from large power projects as well as short term trading in India.

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HFCL jumps on securing order worth Rs 2,467 crore from Bharat Sanchar Nigam

Himachal Futuristic Communications is currently trading at Rs. 19.90, up by 1.05 points or 5.57% from its previous closing of Rs. 18.85 on the BSE.

The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 20.45 and Rs. 19.85 respectively. So far 221897 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 26.80 on 20-Aug-2018 and a 52 week low of Rs. 17.20 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 20.45 and Rs. 18.70 respectively. The current market cap of the company is Rs. 2421.05 crore.

The promoters holding in the company stood at 38.13%, while Institutions and Non-Institutions held 6.42% and 55.45% respectively.

Himachal Futuristic Communications (HFCL) has received a purchase order worth around Rs 2,467 crore from Bharat Sanchar Nigam, New Delhi, for setting up of the Converged Nationwide IP /MPLS Backbone & Access Network tor Armed Forces under the Network for Spectrum (NFS) Programme of the Government of India.

The scope of work under the above purchase order also include operation and maintenance for a period of 10 years including 3 year warranty period for which around Rs 862 crore will be paid by the Indian Defence Services, after the warranty period is over.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

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KEC International rises on securing new orders worth Rs 845 crore

KEC International is currently trading at Rs. 295.00, up by 0.30 points or 0.10% from its previous closing of Rs. 294.70 on the BSE.

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 296.55 and Rs. 292.70 respectively. So far 3261 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 340.50 on 04-Jul-2019 and a 52 week low of Rs. 229.95 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 301.50 and Rs. 282.50 respectively. The current market cap of the company is Rs. 7576.39 crore.

The promoters holding in the company stood at 51.35%, while Institutions and Non-Institutions held 33.03% and 15.62% respectively.

KEC International has secured its first orders of Rs 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India. Under RRTS, the company has secured an order for construction of elevated viaduct and stations of the Delhi -Meerut Regional Rapid Transit System (RRTS) corridor, from National Capital Region Transport Corporation (NCRTC) of Rs 580 crore. Under Metro, it has bagged an order for construction of viaduct along with stations for the Phase 1 extension of Kochi metro rail project, from Kochi Metro Rail (KMRL) of Rs 265 crore.

KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.

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Wipro gains on entering into strategic partnership with Indian Institute of Science

Wipro is currently trading at Rs. 254.45, up by 2.20 points or 0.87% from its previous closing of Rs. 252.25 on the BSE.

The scrip opened at Rs. 253.15 and has touched a high and low of Rs. 254.85 and Rs. 252.50 respectively. So far 16829 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 301.55 on 14-Jun-2019 and a 52 week low of Rs. 210.00 on 20-Aug-2018.

Last one week high and low of the scrip stood at Rs. 260.10 and Rs. 245.25 respectively. The current market cap of the company is Rs. 152241.95 crore.

The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 15.10% and 8.77% respectively.

Wipro has entered into strategic partnership with the Indian Institute of Science (IISc), India’s premier public establishment for research and higher education in science and engineering, to conduct advanced applied research in autonomous systems, robotics and 5G space.

The two organizations have jointly set up the Wipro IISc Research and Innovation Network (WIRIN), a hybrid industry academia collaboration unit, which will drive idea discovery, research and innovation in technology and product design.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

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multibaggers

This chicken-and-egg play zoomed 1500% in 3 years

How could you have turned Rs 5000 into Rs 75,000 in just three years? All you had to do was invest in a pure chicken and egg player. Yes! Riding on the defensive consumption theme, a packaged food maker has been doing wonders on Dalal Street, rallying over 1500 per cent in the last three years! While the broader market went through a correction, this stock rose over 47 per cent year to date, hitting multiple lifetime highs during the same period. The company’s net profit also grew a whopping 266.48 per cent in the last three financial years to Rs 124.75 crore by FY17.

The stock is none other than Venky’s India, the country’s only listed poultry firm. Even after a strong run-up in the stock and earnings, analysts still expect the share price to double in next two-three years as the growth prospects for the company look favorable. Venky’s India’s valuations have expanded significantly too, however, these look sustainable, say prit patel.

 

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Unison Metals gains on getting nod for sale of undertaking of Chandanpani Enterprise

Unison Metals is currently trading at Rs. 52.70, up by 0.45 points or 0.86% from its previous closing of Rs. 52.25 on the BSE.

The scrip opened at Rs. 52.75 and has touched a high and low of Rs. 52.75 and Rs. 51.00 respectively. So far 1600 shares were traded on the counter.

The BSE group ‘XT’ stock of face value Rs. 10 has touched a 52 week high of Rs. 59.80 on 28-Jun-2019 and a 52 week low of Rs. 40.00 on 1-Oct-2018.

Last one week high and low of the scrip stood at Rs. 52.75 and Rs. 51.00 respectively. The current market cap of the company is Rs. 16.89 crore.

The promoters holding in the company stood at 53.53%, while Non-Institutions held 46.47% stake in the company.

Unison Metals has received an approval for the sale of undertaking of Chandanpani Enterprise situated at Kuwait Under section 180(1) (a) of Companies Act 2013. The Board of Directors of the company at their meeting held on August 14, 2019, approved the same.

Unison Metals is an associate company of UCM Group of Industries which started its operation in 1990. It manufactures Hot & Cold Rolled Stainless Steel Sheets, Stainless Steel Patta for wide range of industrial applications and became a pioneer in the Steel Industry.

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Voltas soars as its JV launches 5 Star rated washing machines

Voltas is currently trading at Rs. 604.60, up by 13.30 points or 2.25% from its previous closing of Rs. 591.40 on the BSE.

The scrip opened at Rs. 589.15 and has touched a high and low of Rs. 609.00 and Rs. 585.25 respectively. So far 74004 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 662.15 on 01-Jul-2019 and a 52 week low of Rs. 471.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 616.20 and Rs. 579.10 respectively. The current market cap of the company is Rs. 20054.92 crore.

The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 48.88% and 20.41% respectively.

Voltas and Arcelik’s joint venture company — Voltbek Home Appliances (Voltbek) has launched India’s first 5 Star rated washing machines. These products provide superior wash quality with minimal water usage and are energy efficient.

The brand Voltas Beko has an extensive range of 5 star rated products including 21 models of Twin Tub, Semi-automatic Washing Machines with Dual Power Rain feature and 2 models of Front Load Washing Machines.

Voltas is among India’s leading air-conditioning, refrigeration and engineering services companies.

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