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Tata Communications zooms on launching ‘Secure Connected Digital Experience’

Tata Communications is currently trading at Rs. 831.90, up by 34.15 points or 4.28% from its previous closing of Rs. 797.75 on the BSE.

The scrip opened at Rs. 828.00 and has touched a high and low of Rs. 836.00 and Rs. 785.60 respectively. So far 19567 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 836.00 on 04-Aug-2020 and a 52 week low of Rs. 205.70 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 836.00 and Rs. 700.00 respectively. The current market cap of the company is Rs. 23579.48 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 18.72% and 6.03% respectively.

Tata Communications has launched ‘Secure Connected Digital Experience’ (SCDx), a new proposition for enterprises to help them rebuild and adapt their organisations for a post-COVID world. The COVID-19 pandemic forced businesses around the world to adapt suddenly to survive the huge disruption to everyday life. With many countries now emerging cautiously from lockdown, businesses are looking to redesign and restructure their operations for a transformed landscape.

The company’s Secure Connected Digital Workplace solution will also offer enterprise-grade collaboration and security solutions, ensuring that dispersed teams can collaborate without compromise, with seamless features like video, voice, messaging, etc. as well as secure access to applications behind enterprise firewalls to boost innovation, productivity and efficiency.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

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Bank of India surges on reporting 5- fold jump in Q1 consolidated net profit

Bank of India is currently trading at Rs. 48.80, up by 0.75 points or 1.56% from its previous closing of Rs. 48.05 on the BSE.

The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 49.90 and Rs. 48.60 respectively. So far 68752 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 79.80 on 28-Nov-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 50.15 and Rs. 45.10 respectively. The current market cap of the company is Rs. 16007.77 crore.

The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.

Bank of India has reported 3- fold jumps in its net profit of Rs 843.60 crore for the quarter ended June 30, 2020 as against Rs 242.62 crore for the same quarter in the previous year. Total income of the bank increased by 3.60% at Rs 11941.52 crore for Q1FY21 as compared Rs 11526.95 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported 5- fold jumps rise in its net profit of Rs 845.78 crore for the quarter ended June 30, 2020 as against Rs 154.10 crore for the same quarter in the previous year. Total income of the bank increased by 3.52% at Rs 12022.48 crore for Q1FY21 as compared Rs 11613.21 crore for the corresponding quarter previous year.

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Jubilant Life Sciences surges as its arm launches remdesivir for COVID-19 treatment in India

Jubilant Life Sciences is currently trading at Rs. 897.00, up by 34.70 points or 4.02% from its previous closing of Rs. 862.30 on the BSE.

The scrip opened at Rs. 886.00 and has touched a high and low of Rs. 909.75 and Rs. 881.00 respectively.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 909.75 on 04-Aug-2020 and a 52 week low of Rs. 230.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 909.75 and Rs. 731.00 respectively. The current market cap of the company is Rs. 13734.81 crore.

The promoters holding in the company stood at 50.68%, while Institutions and Non-Institutions held 28.53% and 20.79% respectively.

Jubilant Life Sciences’ subsidiary — Jubilant Generics has launched remdesivir for injection under the brand name ‘JUBIR’ in the Indian market at a price of Rs 4,700 per vial of 100 mg (lyophilized injection). The company will make the drug available to over 1,000 hospitals providing COVID-19 treatment in India through its distribution network. The company’s 24 hour help line will enhance access to ‘JUBIR’ during these pandemic times, where timely access to the drug may prove critical to treatment outcomes.

In order to increase accessibility of ‘JUBIR’ to patients below the poverty line and to front line paramedical staff, Jubilant Bhartia Foundation, a not-for-profit organisation of Jubilant Group, is launching unique programs in India aimed at distribution of the drug.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Drug Discovery Solutions.

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KEC International shines on securing new orders of Rs 1,192 crore

KEC International is currently trading at Rs. 272.80, up by 5.25 points or 1.96% from its previous closing of Rs. 267.55 on the BSE.

The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 279.80 and Rs. 272.35 respectively. So far 6986 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 358.30 on 07-Feb-2020 and a 52 week low of Rs. 154.50 on 13-Apr-2020.

Last one week high and low of the scrip stood at Rs. 285.00 and Rs. 266.60 respectively. The current market cap of the company is Rs. 6878.40 crore.

The promoters holding in the company stood at 51.66%, while Institutions and Non-Institutions held 36.57% and 11.77% respectively.

KEC International has secured new orders of Rs 1,192 crore across its various businesses. The company’s transmission and distribution (T&D) business and SAE Towers have secured orders of Rs 821 crore for T&D projects in India, SAARC, Malaysia, Africa and the Americas.

The Urban Infra business has secured an order of Rs 146 crore from Kochi Metro Rail (KMRL) for the construction of viaduct along with station for the Phase 1 extension of Kochi metro rail project in India. The Civil business has secured an order of Rs 57 crore for infra works in the warehouse space in India. Besides, the Cables business has secured orders of Rs 168 crore for various types of cables/cabling projects in India.

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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Ujjivan Small Finance Bank slips on reporting 42% fall in Q1 net profit

Ujjivan Small Finance Bank is currently trading at Rs. 33.70, down by 0.70 points or 2.03% from its previous closing of Rs. 34.40 on the BSE.

The scrip opened at Rs. 28.10 and has touched a high and low of Rs. 34.25 and Rs. 28.10 respectively. So far 306770 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 62.80 on 12-Dec-2019 and a 52 week low of Rs. 23.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 35.70 and Rs. 28.10 respectively. The current market cap of the company is Rs. 5832.75 crore.

The promoters holding in the company stood at 83.32%, while Institutions and Non-Institutions held 9.35% and 7.32% respectively.

Ujjivan Small Finance Bank has reported 42.16% fall in its net profit at Rs 54.65 crore for the quarter ended June 30, 2020 as compared to Rs 94.48 crore for the same quarter in the previous year. However, total income of the Bank increased by 9.85% at Rs 774.98 crore for Q1FY21 as compared Rs 705.50 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 0.97%, as compared to 0.84% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.18% in Q1FY21.

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IOB gains on taking measures to reduce bad loans to come out of RBI’s PCA framework

Indian Overseas Bank is currently trading at Rs. 10.37, up by 0.04 points or 0.39% from its previous closing of Rs. 10.33 on the BSE.
The scrip opened at Rs. 10.34 and has touched a high and low of Rs. 10.40 and Rs. 10.24 respectively. So far 127340 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 13.83 on 29-Jun-2020 and a 52 week low of Rs. 6.17 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 10.95 and Rs. 10.24 respectively. The current market cap of the company is Rs. 16995.85 crore.
The promoters holding in the company stood at 95.84%, while Institutions and Non-Institutions held 1.78% and 2.38% respectively.
Indian Overseas Bank (IOB) is taking various measures to reduce its bad loans so as to come out of the Reserve Bank of India’s (RBI) prompt corrective action (PCA) framework and its one-time settlement strategy has paid dividend in recoveries of bad loans. The Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended March 2020, after a hiatus of 18 quarters.
During the period under review (2019-20), the bank has realised that at the field level, one of the best recovery tools that has received very well is the special one-time settlement (OTS) scheme. The bank is making various dynamic efforts in reducing the NPA (non-performing assets) stock with the intention of early exit from PCA. Though the core objective in NPA recovery is recovery of the entire contractual dues without any hit on the profit front.
Indian Overseas Bank is a pioneer in many fields – Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

 

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Tata Elxsi gains on extending relationship with INVIDI Technologies

Tata Elxsi is currently trading at Rs. 941.00, up by 2.10 points or 0.22% from its previous closing of Rs. 938.90 on the BSE.
The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 954.35 and Rs. 935.00 respectively. So far 79347 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1098.75 on 12-Feb-2020 and a 52 week low of Rs. 501.00 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 977.55 and Rs. 893.65 respectively. The current market cap of the company is Rs. 5853.99 crore.
The promoters holding in the company stood at 44.53%, while Institutions and Non-Institutions held 14.59% and 40.88% respectively.
INVIDI Technologies and Tata Elxsi have extended their relationship to bring addressable television capabilities to pay TV operators in India, Asia-Pacific and MEA. INVIDI Edge, INVIDI’s patented addressable television solution, is uniquely able to work in the satellite distribution environment on non-connected set top boxes, which in India represents the largest segment of pay TV boxes. With over 160 million subscribers, India is one of the world’s largest pay TV markets.
 
As linear advertising revenues remain under pressure due to the increasing shift of advertising spend to digital platforms, pay TV operators in emerging markets like India, Asia-Pacific and MEA regions can now offer their broadcast partners targeting and addressability, thus increasing revenue potential. Tata Elxsi has been at the forefront of enabling digital transformation for leading pay TV operators and media companies across the world, helping them develop, integrate and manage innovative services and applications that deliver new revenue streams and great viewer experience.
 
Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.

 

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JM Financial declines on reporting 26% fall in Q1 consolidated net profit

JM Financial is currently trading at Rs. 73.80, down by 1.30 points or 1.73% from its previous closing of Rs. 75.10 on the BSE.

The scrip opened at Rs. 74.25 and has touched a high and low of Rs. 75.20 and Rs. 73.60 respectively. So far 67538 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 126.00 on 07-Feb-2020 and a 52 week low of Rs. 55.50 on 05-May-2020.

Last one week high and low of the scrip stood at Rs. 81.85 and Rs. 73.60 respectively. The current market cap of the company is Rs. 7039.29 crore.

The promoters holding in the company stood at 54.84%, while Institutions and Non-Institutions held 33.85% and 11.31% respectively.

JM Financial has reported net profit of Rs 10.26 crore for the quarter ended June 30, 2020 as against net loss of Rs 9.71 crore for the same quarter in the previous year. Total income of the company increased 0.87% at Rs 31.31 crore for Q1FY21 as compared Rs 31.04 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 26.46% fall in its net profit attributable to owners at Rs 93.61 crore for the quarter ended June 30, 2020 as against Rs 127.29 crore for the same quarter in the previous year. Total income of the company decreased by 19.32% at Rs 691.11 crore for Q1FY21 as compared Rs 856.57 crore for the corresponding quarter previous year.

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Jet Airways touches roof on acquiring ownership of six Boeing planes

Jet Airways (India) is currently trading at its upper limit of Rs. 29.25, up by 1.35 points or 4.84% from its previous closing of Rs. 27.90 on the BSE.

The scrip opened at Rs. 26.55 and has touched a high and low of Rs. 29.25 and Rs. 26.55 respectively. So far 35820 shares were traded on the counter.

The BSE group ‘Z’ stock of face value Rs. 10 has touched a 52 week high of Rs. 50.25 on 15-Jan-2020 and a 52 week low of Rs. 13.00 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 33.80 and Rs. 26.55 respectively. The current market cap of the company is Rs. 332.27 crore.

The promoters holding in the company stood at 24.99%, while Institutions and Non-Institutions held 29.38% and 45.63% respectively.

Jet Airways (India) has acquired ownership of six Boeing aircraft along with engines. The acquisition of the planes and engines has been funded from the proceeds of sale of the airline’s Bandra-Kurla headquarters in the city last month.

Jet Airways (India) is India’s premier international airline, which operates flights to India and overseas.

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Titan Company surges after redeeming Commercial Papers of Rs 500 crore

Titan Company is currently trading at Rs. 1045.35, up by 3.75 points or 0.36% from its previous closing of Rs. 1041.60 on the BSE.
The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1060.00 and Rs. 1033.00 respectively. So far 21471 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1389.85 on 25-Oct-2019 and a 52 week low of Rs. 720.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1072.40 and Rs. 1028.80 respectively. The current market cap of the company is Rs. 92800.29 crore.
The promoters holding in the company stood at 52.91%, while Institutions and Non-Institutions held 28.72% and 18.38% respectively.
Titan Company has fully redeemed the Commercial Papers (CPs) of Rs 500 crore issued on April 30, 2020. The maturity proceeds of the CPs have been duly paid to all the holders on July 30, 2020.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

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