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PI Industries jumps on reporting 43% rise in Q1 consolidated net profit

PI Industries is currently trading at Rs. 1902.85, up by 71.30 points or 3.89% from its previous closing of Rs. 1831.55 on the BSE.

The scrip opened at Rs. 1956.00 and has touched a high and low of Rs. 1966.00 and Rs. 1893.90 respectively. So far 10924 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1,966.00 on 05-Aug-2020 and a 52 week low of Rs. 973.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1966.00 and Rs. 1750.00 respectively. The current market cap of the company is Rs. 28943.13 crore.

The promoters holding in the company stood at 51.35%, while Institutions and Non-Institutions held 30.83% and 17.72% respectively.

PI Industries has reported 30.85% rise in its net profit of Rs 131.90 crore for the quarter ended June 30, 2020 as against net profit of Rs 100.80 crore for the same quarter in the previous year. Total income of the company increased 26.88% at Rs 972.40 crore for Q1FY21 as compared Rs 766.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 43.21% rise in its net profit at Rs 145.50 crore for the quarter ended June 30, 2020 as against net profit of Rs 101.60 crore for the same quarter in the previous year. Total income of the company increased by 39.43% at Rs 1068.30 crore for Q1FY21 as compared Rs 766.20 crore for the corresponding quarter previous year.

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Adani Ports jumps on raising Rs 5,600 crore via issue of senior unsecured notes

Adani Ports and Special Economic Zone is currently trading at Rs. 323.50, up by 8.55 points or 2.71% from its previous closing of Rs. 314.95 on the BSE.
The scrip opened at Rs. 316.95 and has touched a high and low of Rs. 324.30 and Rs. 313.60 respectively. So far 122004 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 428.95 on 22-Oct-2019 and a 52 week low of Rs. 203.40 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 324.30 and Rs. 309.00 respectively. The current market cap of the company is Rs. 65371.61 crore.
The promoters holding in the company stood at 63.57%, while Institutions and Non-Institutions held 33.65% and 2.69% respectively.
Adani Ports and Special Economic Zone (APSEZ) has raised $750 million (about Rs 5,600 crore) by issuing fixed rate senior unsecured notes. The said notes are expected to be listed on Singapore Exchange Securities Trading and the India International Exchange (IFSC).
The company intends to use the proceeds to repay its existing indebtedness and/or the indebtedness of its subsidiaries and other permissible end uses in accordance with applicable laws including Reserve Bank of India guidelines, receipt of requisite regulatory and other approvals, and in terms of the RBI approval obtained by the company.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.

 

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SAIL shines after reporting 15.83 LT sales in July 2020

Steel Authority of India is currently trading at Rs. 36.90, up by 2.35 points or 6.80% from its previous closing of Rs. 34.55 on the BSE.
The scrip opened at Rs. 35.25 and has touched a high and low of Rs. 37.30 and Rs. 35.10 respectively. So far 1189225 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 51.85 on 17-Jan-2020 and a 52 week low of Rs. 20.15 on 30-Mar-2020.
Last one week high and low of the scrip stood at Rs. 37.30 and Rs. 33.50 respectively. The current market cap of the company is Rs. 14869.89 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.99% and 8.02% respectively.
Steel Authority of India’s (SAIL) total sales during July 2020 stood at 15.83 lakh tonnes (LT) increased by about 50 per cent on year. The company had registered sale of 10.59 LT steel during the same month last year.
The company sold 12.73 LT steel in domestic market and exported 3.10 LT steel in July, a growth of 29 per cent and 349 per cent, respectively, over the year-ago month.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

 

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HGS shines as its arm acquires additional stake in HGS Digital LLC

Hinduja Global Solutions is currently trading at Rs. 670.30, up by 21.25 points or 3.27% from its previous closing of Rs. 649.05 on the BSE.

The scrip opened at Rs. 630.00 and has touched a high and low of Rs. 680.70 and Rs. 630.00 respectively. So far 1335 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1008.00 on 11-Feb-2020 and a 52 week low of Rs. 412.20 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 826.05 and Rs. 630.00 respectively. The current market cap of the company is Rs. 1412.70 crore.

The promoters holding in the company stood at 67.24%, while Institutions and Non-Institutions held 11.50% and 21.26% respectively.

Hinduja Global Solutions’ (HGS’) subsidiary company — Hinduja Global Solutions UK has acquired additional 14.33% (second residual purchase) equity interest in ‘HGS Digital LLC, USA’ in accordance with the purchase agreement entered on March 29, 2018. Earlier, the company holds 71.33% equity interest in HGS Digital LLC (formerly known as Element Solutions LLC, USA).

HGS is a global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day.

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PFC surges on expecting to register 25% growth in funds from capital gain bonds in FY21

Power Finance Corporation is currently trading at Rs. 82.90, up by 1.70 points or 2.09% from its previous closing of Rs. 81.20 on the BSE.

The scrip opened at Rs. 82.10 and has touched a high and low of Rs. 83.35 and Rs. 81.65 respectively. So far 44925 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 133.30 on 20-Feb-2020 and a 52 week low of Rs. 74.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 84.65 and Rs. 80.60 respectively. The current market cap of the company is Rs. 21886.27 crore.

The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 38.57% and 5.43% respectively.

Power Finance Corporation (PFC) is targeting higher fund flow from 54EC capital gain bonds in the last two quarters of this fiscal and expects to register 25 percent growth in funds garnered from this instrument in 2020-21.

The company had raised around Rs 1,100 crore from these bonds in 2019-20. However, despite getting good response in the last few years, the firm could not increase funding from this route in the first quarter of this fiscal mainly due to the COVID-19 impact.

PFC is central PSU under Ministry of Power and India’s leading NBFC.

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NMDC shines on producing 2.19 MT of iron ore in July

NMDC is currently trading at Rs. 86.70, up by 1.80 points or 2.12% from its previous closing of Rs. 84.90 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 87.10 and Rs. 86.00 respectively. So far shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 139.50 on 23-Jan-2020 and a 52 week low of Rs. 62.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 88.20 and Rs. 83.55 respectively. The current market cap of the company is Rs. 25995.10 crore.

The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 25.78% and 4.58% respectively.

NMDC has recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019. During this period, despite the current uncertain situation due to COVID19, the company has been able to achieve excellent physical performance through its continual push towards higher volumes which saw production of 2.19 million tones (MT) and sales 2.57 MT that grew by 13% and 7% over the corresponding period last year, respectively.

In July 2020, the Chhattisgarh Projects registered a production of 1.56 MT as compared to the total production of 1.16 MT in the corresponding month last year, an increase of 35% in production. NMDC also achieved record sales in July 2020 by selling 1.90 MT of Iron ore in July 2020 against 1.60 MT in July 2019, which is 20% higher than the previous year.

NMDC is a state controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

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Ashok Leyland rises as its arm delivers first 21 battery-electric Metrodecker EV with First York

Ashok Leyland is currently trading at Rs. 49.60, up by 0.30 points or 0.61% from its previous closing of Rs. 49.30 on the BSE.

The scrip opened at Rs. 49.60 and has touched a high and low of Rs. 50.25 and Rs. 49.30 respectively. So far 682002 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. 52.00 and Rs. 48.00 respectively. The current market cap of the company is Rs. 14560.22 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 29.65% and 18.73% respectively.

Ashok Leyland’s subsidiary — Optare Plc, has delivered first of 21 battery-electric Metrodecker EV with First York. First York launched the first of 21 battery-electric Optare Metrodecker EV double-deckers on July 30. This follows the successful launch of the EV Double Decker in London with Metroline, this Metrodecker is a part of the 107 Metrodecker EV order Optare has received since the product was launched 18 months ago.

Each Metrodecker EV with First York can carry 98 passengers, although that capacity is currently restricted due to social distancing measures. The model delivers a range in excess of 160 miles. The buses carry a new blue-based brand for the York park-and-ride network. They have audio-visual next stop announcements, wi-fi and USB charging points.

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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L&T Technology Services gains on expanding collaboration with Microsoft Corporation

L&T Technology Services is currently trading at Rs. 1540.00, up by 5.95 points or 0.39% from its previous closing of Rs. 1534.05 on the BSE.
The scrip opened at Rs. 1540.00 and has touched a high and low of Rs. 1568.35 and Rs. 1531.25 respectively. So far 1837 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1780.00 on 27-Jan-2020 and a 52 week low of Rs. 995.00 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1568.35 and Rs. 1447.65 respectively. The current market cap of the company is Rs. 16078.47 crore.
The promoters holding in the company stood at 74.60% while Institutions and Non-Institutions held 13.40% and 12.00% respectively.
L&T Technology Services has expanded its collaboration with Microsoft Corporation and launched its latest and enhanced version of the state-of-the-art i-BEMS solution on Microsoft Azure to transform buildings into future-ready smart campuses.
LTTS’ award-winning Intelligent Building Experience Management System i-BEMS is a system-of-systems solution that focuses on creating digital experiences and intelligent space management. The cloud-based smart buildings/campus/spaces solution helps monitor and manage building operations and optimize business metrics leveraging advanced IoT based Edge Analytics and machine learning algorithms.
L&T Technology Services is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services.
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Coal India rises on logging 17% jump in composite opencast production in July

Coal India is currently trading at Rs. 130.10, up by 1.65 points or 1.28% from its previous closing of Rs. 128.45 on the BSE.
The scrip opened at Rs. 129.00 and has touched a high and low of Rs. 131.60 and Rs. 129.00 respectively. So far 314072 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. 119.25 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 132.45 and Rs. 127.60 respectively. The current market cap of the company is Rs. 80392.79 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 30.07% and 3.73% respectively.
Coal India (CIL) has clocked a 17 per cent growth in composite opencast production in July over the same month a year ago. Further, the company is expecting the production to rise post monsoon in view of the positive growth trend in the Over Burden Removal (OBR).
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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Bandhan Bank falls after its holding company reduces stake in bank

Bandhan Bank is currently trading at Rs. 308.50, down by 0.15 points or 0.05% from its previous closing of Rs. 308.65 on the BSE.
The scrip opened at Rs. 314.85 and has touched a high and low of Rs. 314.85 and Rs. 305.00 respectively. So far 743829 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 29-Oct-2019 and a 52 week low of Rs. 152.35 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 348.45 and Rs. 304.20 respectively. The current market cap of the company is Rs. 49564.72 crore.
The promoters holding in the company stood at 60.95%, while Institutions and Non-Institutions held 22.49% and 16.56% respectively.
Bandhan Bank’s holding company Bandhan Financial Holdings (BFHL) has sold 20.95 per cent stake worth over Rs 10,550 crore as part of complying with regulatory requirements. BFHL has offloaded more than 33.73 crore shares in the secondary market.
BFHL — the Non-Operative Financial Holding Company (NOFHC) of the lender — was required to reduce its excess shareholding to 40 per cent of the paid-up voting capital of the bank.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

 

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