Wednesday, 22 February 2017

Reliance Industries scrip has jumped 11.09% in Wednesday's trade and closed at Rs 1208.90, which is nearly nine year closing high, owing largely to the pricing, set by Jio for its customers. Reliance Industries' scrip clocked a multi-year high as investors cheered the announcements made by chairman & managing director, Mukesh Ambani for Jio customers.

The scrip soared to a high of 1211.65 intraday on NSE and was the biggest contributor to the benchmarks' gains, Nifty and Sensex. The stock in post afternoon trade hit Rs 1200-mark for the first time since May 19, 2009.

Ambani on February 21 announced offers for its existing Jio customers as a reward for their loyalty to the brand. Expressing gratitude to Jio's first 100 million users, Mukesh Ambani said that customers coming on board before April 1 will be eligible to avail a 'Jio Prime' membership, enrollment for which will start from March 1 onwards. At a one-time fee of Rs 99, existing Jio customers could get Jio’s services for one year at a price of Rs 303 per month from April 1, 2017. Jio notched the 100-million customer mark within just 170 days of its launch.

In the past one week, the stock has risen over 11 % and has also shown strong movements in the past three days as well, posting a near 9 % gain. The stock has biggest one day gain since May 18, 2009. The market capitalisation of Reliance Industries rose by Rs 36200 cr today; which is more than the market capitalisation of Idea Cellular (Rs 35900 cr). Also the trading volumes today were highest in last seven years.

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Minda Industries has surged 4.06% after the company has entered into a joint venture agreement with Katolec Corporation, Japan to manufacture high end electronic products like Printed Circuit Boards (PCBs) and Box Build Assemblies.The joint venture company is proposed to be set up in Pune, Maharashtra.

Founded in 1960, Minda Industries Limited - Switch Division is the largest manufacturer, by volume, of two wheeler automotive switches in the world, nominated as a global supplier to Honda, Japan.The division also has a major share of business in all Indian two wheeler OEMs.With approximately 3000 employees, the Switch Division operates nine plants in India and two overseas plants in Indonesia and Vietnam.

The products are manufactured out of several locations across India, like Manesar, Pune, Aurangabad and Pantnagar, and caters to many OEM customers like Yamaha, Suzuki, Swaraj Mazda, New Holland, Eicher, Mahindra, Tafe, Royal Enfield, Maruti, Fiat, Volkswagen, Toyota, Tata, Ford, etc.

Minda Industries Ltd is currently trading at Rs 391.9, up by Rs 12.55 or 3.31% from its previous closing of Rs 379.35 on the BSE.The scrip opened at Rs 382.7 and has touched a high and low of Rs 399 and Rs381.1 respectively. So far 283651(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3009.26 crore.

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Bharat Electronics Limited (BEL) has fallen by over 2% as the government said it is going to sell 5% of its stake in the state-run defence major. The floor price has been fixed at Rs 1498 per share, at a discount of about 4% to BEL’s closing price on Feb 20, which was Rs 1559.95. The sale of stake will raise Rs 160 crore for the government.

In the last one year, the stock has given a return of 32%, outperforming the BSE Sensex. Reliance Mutual Fund is the top fund house which has invested in the stock of the company. BEL is an Indian state-owned defence and aerospace company with about nine factories and has a few regional offices in India.

Bharat Electronics Ltd is currently trading at Rs 1522.8, down by Rs 37.15 or 2.38% from its previous closing of Rs 1559.95 on the BSE. The scrip opened at Rs 1510 and has touched a high and low of Rs 1527 and Rs 1510 respectively. So far 556242(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 34843.48 crore.

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Reliance Industries Limited (RIL) is soaring in markets today and is up by nearly 7%.The stock has gained almost Rs 25000 cr in market capitalisation today's trade. RIL is contributing to almost 25 points to Nifty Gains and is trading at its 8 years high. The stock is trading at levels it has seen in 2009.

The stock is reacting to the major announcements made by Mukesh Ambani yesterday where he announced that the almost 7 customers have been added every second in past 170 days since Reliance Jio has been launched. Almost 100 million customers have been added in less than 170 days for Reliance Jio.

Reliance Jio, one of the world largest start up, is now expected to start generating revenues post April 1 period. The company in an aggressive bid to gain market share had offered free plans to acquire customers.

Reliance Industries Ltd is currently trading at Rs 1154.35, up by Rs 66.1 or 6.07% from its previous closing of Rs 1088.25 on the BSE.The scrip opened at Rs 1092.05 and has touched a high and low of Rs 1166.5 and Rs 1092.05 respectively. So far 6973807(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 353013.3 crore.

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Tuesday, 21 February 2017

BSE Telecom index is trading at 1286.13 levels, down by 22.35 points or 1.71%.Telecom companies are trading under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.

Bharti Airtel and Bharti Infratel are contributing the most to the Telecom index’s loss.Bharti Infratel is trading at Rs 297.75 per share, down by Rs 11 per share or 3.56%. Bharti Airtel is trading at Rs 367 per share, down by Rs 8.65 per share or 2.30%.

Other Telecom companies like Idea cellular, OnMobile Global Ltd., and GTL Infra are trading in red in Tuesday’s trading session. Tata Teleservices (Maharashtra) Ltd., is trading at Rs 6.66 per share, up by Rs 0.22 per share or 3.42%. CMI Ltd., is trading at Rs 178.80 per share, up by Rs 8.10 per share or 4.75%.
 
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Gammon India is having a good time on the bourses as the stock of the company has surged by 4% intraday.  On May 20, 2016 the company’s board had approved the sale of upto 30% equity shares of Gammon Infrastructure Projects (GIPL), which was held through its wholly owned subsidiary Gammon Power Limited (GPL).

The stock has surged as the board members in their meeting held on February 20, 2017 have now permitted Gammon Power to sell/dispose off the balance 26.06% of the equity shares of Gammon Infrastructure Projects at the  market price, in one or more tranches, out of which the board has expressed its intention to acquire upto 20% of the equity shares of GIPL from GPL at the current market price, in one or more tranches, which is of course subject to shareholders’ and all other statutory approvals.  

The stock of the company has witnessed a spurt in volumes by more than 2.37 times. In the last one year it has fallen by 6.45%.
Three mutual fund houses have invested in the stock of the company, out of which HDFC Mutual Fund is the topmost one.
 
Gammon India Ltd is currently trading at Rs 13.07, up by Rs 0.53 or 4.23% from its previous closing of Rs 12.54 on the BSE.The scrip opened at Rs 13.15 and has touched a high and low of Rs 13.5 and Rs 12.99 respectively. So far 1247543(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 463.44 crore.

 
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Radico Khaitan at the time of filing this report is trading with gains of 4%, while the stock of the company on an intraday basis was up 6%. It has zoomed largely on the market wide speculation that Bacardi India is in preliminary talks with the company to buy stake. BSE has sought clarification from the company on the same. 

The stock has witnessed a spurt in volumes by more than 1.48 times. In the last one year, it has given a return of 39%.Reliance Mutual Fund,  Birla Sun Life Mutual Fund, SBI Mutual Fund and Goldman Sachs Mutual Fund are the four mutual fund houses which have invested in the stock of the company. 

Radico Khaitan Ltd is currently trading at Rs 140.8, up by Rs 6.95 or 5.19% from its previous closing of Rs 133.85 on the BSE.The scrip opened at Rs 134.25 and has touched a high and low of Rs 141.5 and Rs 131.05 respectively. So far 2765903(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1780.87 crore.

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