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Tech Mahindra gains on signing global partnership with Hinduja Group’s CyQureX

Tech Mahindra is currently trading at Rs. 680.00, up by 4.10 points or 0.61% from its previous closing of Rs. 675.90 on the BSE.

The scrip opened at Rs. 680.15 and has touched a high and low of Rs. 683.95 and Rs. 676.40 respectively.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 845.70 on 20-Feb-2020 and a 52 week low of Rs. 470.25 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 702.40 and Rs. 625.20 respectively. The current market cap of the company is Rs. 65310.74 crore.

The promoters holding in the company stood at 35.83%, while Institutions and Non-Institutions held 52.65% and 11.34% respectively.

Tech Mahindra has signed global partnership with Hinduja Group’s CyQureX to jointly offer cyber security solutions. Under the partnership, Tech Mahindra will provide consulting, planning, designing, integration, orchestration and automation of services and CyQureX will prioritise capabilities in the cyber security domain. The partnership with Hinduja Group’s CyQureX aligns with company’s core business proposition, and will further strengthen its position as the cybersecurity partner of choice for our customers globally.

Tech Mahindra represents the connected world, offering innovative and customercentric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

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IRCTC gains on launching co-branded contactless credit card on RuPay Platform with SBI Card

Indian Railway Catering & Tourism Corpn. is currently trading at Rs. 1346.85, up by 1.65 points or 0.12% from its previous closing of Rs. 1345.20 on the BSE.
The scrip opened at Rs. 1344.85 and has touched a high and low of Rs. 1353.00 and Rs. 1340.15 respectively. So far 33365 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1995.00 on 25-Feb-2020 and a 52 week low of Rs. 625.00 on 14-Oct-2019.
Last one week high and low of the scrip stood at Rs. 1399.00 and Rs. 1340.15 respectively. The current market cap of the company is Rs. 21526.40 crore.
The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 2.12% and 10.48% respectively.
Indian Railway Catering and Tourism Corporation (IRCTC) and SBI Card have together launched their new Co-branded Contactless Credit Card on RuPay Platform. With the aim to offer a safe transaction environment to the customers, the new RuPay credit card is equipped with Near Field Communication (NFC) technology whereby the users can expedite their transactions at the POS machines by just tapping the card on the machines without requiring to swipe the card.
Designed to reward frequent railway travellers, the new co-branded credit card offers the rail passengers maximum savings proposition on their travel together with exclusive benefits on retail, dining and entertainment as well as transaction fee waivers.
IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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Canara Bank moves up on planning to raise Rs 5,000 crore through various modes in FY21

Canara Bank is currently trading at Rs. 103.05, up by 0.80 points or 0.78% from its previous closing of Rs. 102.25 on the BSE.

The scrip opened at Rs. 103.20 and has touched a high and low of Rs. 103.45 and Rs. 102.30 respectively. So far 73491 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 271.70 on 19-Jul-2019 and a 52 week low of Rs. 73.85 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 106.45 and Rs. 98.90 respectively. The current market cap of the company is Rs. 14862.05 crore.

The promoters holding in the company stood at 78.55%, while Institutions and Non-Institutions held 12.00% and 9.45% respectively.

Canara Bank is planning to raise up to Rs 5,000 crore equity capital through various modes in the current fiscal year (FY21) to boost its capital adequacy ratio. In view of certain expansion plans of the bank, the implementation of Basel III norms, and consequent capital charge, there is a need to increase the capital to further strengthen the capital adequacy ratio. The bank will seek shareholders’ nod at the annual general meeting (AGM) to be held on August 10, 2020 through audio/visual means in view of the coronavirus pandemic.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

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Infosys zooms as Vanguard planning to enter into partnership with the company

Infosys is currently trading at Rs. 836.50, up by 53.30 points or 6.81% from its previous closing of Rs. 783.20 on the BSE.
The scrip opened at Rs. 796.90 and has touched a high and low of Rs. 848.00 and Rs. 795.35 respectively. So far 557363 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 848.00 on 15-Jul-2020 and a 52 week low of Rs. 511.10 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 848.00 and Rs. 772.00 respectively. The current market cap of the company is Rs. 360506.85 crore.
The promoters holding in the company stood at 13.15%, while Institutions and Non-Institutions held 55.69% and 13.80% respectively.
Vanguard is planning to enter into partnership with Infosys as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. This strategic partnership will deliver a technology-driven approach to plan administration and fundamentally reshape the corporate retirement plan experience for its sponsors and participants.
Through the partnership, Infosys will assume day-to-day operations supporting Vanguard’s DC recordkeeping business, including software platforms, administration, and associated processes. Plan sponsors will continue to be served by Vanguard’s relationship management teams, strategic plan design, and communication experts. Additionally, Vanguard will oversee all aspects of its investment management and guidance for both sponsors and participants, including ongoing development of its accessible, holistic, and personal advice services. Participant phone calls will be serviced by both Vanguard and Infosys.
Together with Infosys, Vanguard will provide a cloud-based recordkeeping platform, enabling greater insights and unprecedented personalization to help deliver better outcomes for nearly five million participants and 1,500 sponsors. Planned enhancements for sponsors include AI-enabled analytics capabilities, improved visibility of participant behavior, and ubiquitous operational support. In addition, the partnership will accelerate Vanguard’s ongoing efforts to build a state-of-the-art participant experience, including a redesigned participant website, integrated advice, and intuitive technologies.
Infosys is a global leader in next-generation digital services and consulting.

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RCF inches up on introducing hand cleansing IPA Gel ‘RCF SAFEROLA’

Rashtriya Chemicals & Fertilizers is currently trading at Rs. 50.60, up by 0.15 points or 0.30% from its previous closing of Rs. 50.45 on the BSE.

The scrip opened at Rs. 50.60 and has touched a high and low of Rs. 51.20 and Rs. 50.55 respectively. So far 24971 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 30-Oct-2019 and a 52 week low of Rs. 22.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 51.75 and Rs. 47.70 respectively. The current market cap of the company is Rs. 2794.30 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.76% and 20.24% respectively.

Rashtriya Chemicals and Fertilizers (RCF) has introduced a hand cleansing IPA Gel ‘RCF SAFEROLA’ in the market as part of its effort to control spread of coronavirus disease. This hand cleansing gel is a skin friendly moisturizer based hand-sanitiser, which contains Iso Propyl Alcohol (IPA) and Aloe Vera extract. It is enriched with Vitamin-E and has a fresh lime fragrance.

The company has made available this hand cleansing gel in easy to carry non spillable 50 ml and 100 ml bottles at a reasonable price of Rs 25 and Rs 50 per bottle, respectively. The company proposes to market this product through its country wide distribution network.

RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.

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Cipla surges on launching generic version of antiviral drug remdesivir

Cipla is currently trading at Rs. 641.50, up by 7.05 points or 1.11% from its previous closing of Rs. 634.45 on the BSE.

The scrip opened at Rs. 645.20 and has touched a high and low of Rs. 645.20 and Rs. 636.80 respectively. So far 71780 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 696.00 on 22-Jun-2020 and a 52 week low of Rs. 356.75 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 652.65 and Rs. 629.80 respectively. The current market cap of the company is Rs. 51153.86 crore.

The promoters holding in the company stood at 36.68%, while Institutions and Non-Institutions held 40.61% and 22.71% respectively.

Cipla has launched its generic version of antiviral drug remdesivir at Rs 4,000 per vial, which is among the lowest globally, and is looking to supply over 80,000 vials within the first month. Cipremi is priced at Rs 4,000 per 100 mg vial. To further ensure equitable distribution, the drug will be available through government and hospital channels only.

The company will also be donating some amount of the drug as part of its efforts to support the community in this time of need. Cipremi has been approved by the Drug Controller General of India (DCGI) for restricted emergency use in the country as part of the accelerated approval process considering the urgent and unmet medical need.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.

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SSWL shines on securing exports orders for over 10,700 wheels from US

Steel Strips Wheels is currently trading at Rs. 452.10, up by 18.05 points or 4.16% from its previous closing of Rs. 434.05 on the BSE.

The scrip opened at Rs. 442.00 and has touched a high and low of Rs. 455.00 and Rs. 441.35 respectively. So far 2837 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 821.80 on 08-Jul-2019 and a 52 week low of Rs. 317.35 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 457.00 and Rs. 417.95 respectively. The current market cap of the company is Rs. 690.16 crore.

The promoters holding in the company stood at 62.85%, while Institutions and Non-Institutions held 1.02% and 36.14% respectively.

Steel Strips Wheels (SSWL) has secured firm exports orders for over 10,700 wheels for US caravan Trailer Market to be executed in the month of July & August from its Chennai plant. As EU & US markets turn steady post the COVID 19 pandemic lockdown, this comes as a reaffirmation for resuming operations. Similar orders are expected in times to come from other regular customers as the market regains normalcy. This will support further ramping up of production at Chennai steel wheels plant.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.

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Cipla trades in green despite weakness over Dalal Street

Cipla is currently trading at Rs. 641.95, up by 7.25 points or 1.14% from its previous closing of Rs. 634.70 on the BSE.

The scrip opened at Rs. 638.40 and has touched a high and low of Rs. 648.00 and Rs. 636.30 respectively. So far 113108 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 696.00 on 22-Jun-2020 and a 52 week low of Rs. 356.75 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 696.00 and Rs. 628.10 respectively. The current market cap of the company is Rs. 51726.32 crore.

The promoters holding in the company stood at 36.68%, while Institutions and Non-Institutions held 40.61% and 22.71% respectively.
Cipla is going to price its generic version of antiviral drug remdesivir at less than Rs 5,000 per vial in keeping with its conviction of providing access to the medicines at affordable cost. The drug will be priced at less than Rs 5,000 per vial for injection 100 mg — amongst the lowest pricing for remdesivir globally.
Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.

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BPCL gains on planning to raise Rs 3,000 crore via NCDs in FY21

Bharat Petroleum Corporation is currently trading at Rs. 380.70, up by 2.10 points or 0.55% from its previous closing of Rs. 378.60 on the BSE.

The scrip opened at Rs. 378.60 and has touched a high and low of Rs. 381.15 and Rs. 374.50 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 549.70 on 21-Nov-2019 and a 52 week low of Rs. 252.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 394.15 and Rs. 372.15 respectively. The current market cap of the company is Rs. 82127.91 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 32.75% and 14.27% respectively.

Bharat Petroleum Corporation (BPCL) is planning to raise up to Rs 3,000 crore during the current financial year 202021 (FY21) through private placement of unsecured nonconvertible debentures (NCDs) subject to market conditions. The debentures are proposed to be listed on Debt Market segment of the BSE and NSE. The details of the issue viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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ICICI Bank jumps on joining hands with Hyundai Motor India to offer online finance solutions

ICICI Bank is currently trading at Rs. 372.55, up by 8.65 points or 2.38% from its previous closing of Rs. 363.90 on the BSE.

The scrip opened at Rs. 366.00 and has touched a high and low of Rs. 375.25 and Rs. 366.00 respectively. So far 1980575 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 375.25 and Rs. 325.40 respectively. The current market cap of the company is Rs. 240344.80 crore.

The Institutions holding in the company stood at 88.70% and Non-Institutions held 11.31%.

ICICI Bank and Hyundai Motor India (HMIL) have entered into partnership for online retail financing of Hyundai Motor’s vehicles. Hyundai Motor India is the first original equipment maker to provide tailor-made online car financing options on a single platform. Under the partnership, ICICI Bank has integrated its finance solutions online with the car maker’s digital sales platform. Hyundai will enable customers to avail an end-to-end composite online solution for car buying along with the required funding to purchase their car.

With this tie-up, pre-approved customers of ICICI Bank, can directly apply for a car loan through ‘Click to Buy’ website and procure an instant loan sanction without having to physically visit the branch. In addition to these services, The Bank also offers up to 100 per cent on-road funding as well.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

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