Friday, 18 August 2017


Oil marketing companies are trading at their day’s high amid a market gripped by bearish sentiments.

Bharat Petroleum Corporation soared 3.22% at Rs 509.00 per share, Indian Oil Corporation soared 2.01% at Rs 434.00 per share and Hindustan Petroleum Corporation soared 3.16% at Rs 447.85 per share, respectively at 1131 hours.

BPCL on yearly basis has given 30.06% and has outperformed BSE Sensex index and underperformed BSE Oil & Gas index.

IOC has given 54.31% returns on yearly basis and has outperformed BSE Sensex index and BSE Oil & Gas index.

Similarly HPCL has given 60.28% returns and has outperformed both the indices.

Meanwhile, BSE Sensex slipped 0.76% or 240 points at 31,554 level and Nifty tanked 0.64% or 62 points at 9,841 level.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 

A global IT consulting firm, Mindtree Limited’s buyback offer opened on Friday at an offer price of Rs 625 per share. The offer closes on September 1, 2017.

The board of the company had approved the buyback of up to 43,20,000 equity shares at Rs 625 per share up to an aggregate amount not exceeding Rs 270 crore at a meeting held in June.

As per the company’s standalone audited accounts for financial year ended March 31, 2017, the buyback offer makes 9.83% of the total paid-up equity share capital and free reserves.

The buyback offer price represents a premium of 31.38% as against the closing price of Rs 475.7 on NSE as of August 17, 2017.

Buyback is a way of rewarding shareholders in an expedient, efficient and cost-effective manner. The company would enhance shareholder’s confidence, achieve optimal capital structure, mitigate the short-term market volatility through this buyback offer.

Earlier in the month of April, Tata Consultancy Services was the first Indian IT firm to reward shareholders with share buyback plan of Rs 16,000 crore. Other IT firms including Cognizant, HCL Technologies, Wipro, Mphasis and Hexaware Technologies had also announced share buybacks. Infosys is also planning to consider buyback offer in its next board meeting scheduled on August 19, 2017.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 


Hindustan Petroleum Corporation (HPCL) has been outperforming the market although the benchmark indices were trading in the negative territory. The stock was trading higher by 3.57% intraday at Rs 449 per share on BSE at 1154 hours.

HPCL informed that it has inked joint venture agreement with Government of Rajasthan for the upcoming refinery in Barmer at a cost of Rs 43,129 crore, reported a leading business daily. 

According to the agreement, HPCL will command 74% stake in the JV, HPCL Rajasthan Refinery Ltd, while the state government will hold remaining 26%.

The stock has attracted a total traded volume of 32,37,887 shares and traded value of Rs 14,324.74 lakh on NSE at 1200 hours. Its 52 week high and low stood at Rs 462.40 (Aug 07,17) and Rs 253.56 (Aug 23,16) respectively.

Meanwhile, the benchmark indices Nifty was trading lower by 63.70 points at 9,840 levels and Sensex was trading down by 243 points at 31,551 levels.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 


S&P BSE Realty was trading lower by 1.19% at 2,084 levels during Friday’s trading session at 1223 hours. Sobha was the top loser in the index, trading down by 3.42% at Rs 380 per share.

Indiabulls Real Estate was contributing majorly to the index losses. Among others, HDIL and DLF are contributing more than 9 points in the  realty index losses.

Unitech, Sobha, HDIL, DLF and Indiabulls Real Estate are among the top losers in the index trading in the negative territory. HDIL was trading down by 2.78% at Rs 59 per share, Unitech was trading lower by 3.23% at Rs 7.48 per share, Indiabulls Real Estate dipped by 2.89% at Rs 230 per share, and DLF was lower by 2.62% at Rs 180 per share. However, Oberoi Realty and Omaxe are trading flat.

On the other hand, Phoenix Mills Ltd was marginally supporting the index, trading up by 2.21% at Rs 537 per share. Prestige was trading higher by 0.49% at Rs 264 per share and Godrej Properties was up by 0.20% at Rs 509 per share.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 

Thursday, 17 August 2017


Power Grid Corporation of India announced on Thursday that the company’s board of directors has approved the investment proposal for three plants with an estimated cost of Rs 1931.39 crore.

The board has approved the investment for HVDC Biopole link between Western region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu)-North Trichur (Kerala).

The company’s boards also provide the approval for raising of Rupee term loan of upto Rs 3270 crore from  ICICI Bank at three month MCLR of bank with reset every three months from the date of first disbursement.

Loan shall be drawn as per requirement of Power Grid within five years from the date of first disbursement.

Maturity of the rupee term loan shall be not exceeding 15 years from initial disbursement date with moratorium period of five years from initial drawdown date and repayment in 20 equal half yearly instalments starting from 5.5 years after first disbursement.

Meanwhile, the stock was trading lower by 0.48% at Rs 219 per share on BSE at 1505 hours. It opened at Rs 220.65 per share. It attracted total traded volume of 13,89,076 shares and traded value of Rs 3,059.16 lakh on NSE at 1507 hours.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 

 
Zydus Cadila announced that the company has received the final approval from the USFDA to market Telmisartan and Hydrochlorothiazide Tablets USP, in the strengths of 40mg/ 12.5 mg, 80 mg/12.5 mg and 80mg/25 mg, on Thursday.

The drugs are used to treat hypertension (high blood pressure). The drug will be manufactured at the group’s formulations manufacturing facility at Moraiya, Ahmedabad.

The sales of Telmisartan and Hydrochlorothiazide Tablets are estimated at USD 66.5 million.

The group now has more than 140 approvals and has so far filed over 300 ANDAs since the commencement of the filing process in FY 2003-04.

Meanwhile, the stock was trading higher by 0.72% at Rs 487 per share on BSE at 1027 hours. It opened at Rs 486 per share. It touched its intraday high and low at Rs 489.90 and Rs 480 per share, respectively. The stock attracted total traded volume of 1,386.62 shares and traded value of Rs 1,386.62 lakh on NSE at 1036 hours.  

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 


Kirloskar Industries announced the resumption of operations of one of its mini blast furnace at Koppal Plant, on Wednesday after market hours.

Meanwhile, the company’s share price slipped by 1.80% and was trading at Rs 1,609 per share on BSE at 1046 hours. The stock attracted a total traded quantity of 149 shares.

The plant operations were temporarily suspended from July 12, 2017.

The stock on yearly basis has given 108.34% returns and has outperformed BSE Small-cap index and BSE Power index.

Kirloskar Industries is a holding company engaged in the manufacturing of iron castings. The company’s segments are wind power generation; investments (Securities and Properties), and iron casting.

The company has approximately seven windmills in Maharashtra with total installed capacity of over 5.6 megawatt (MW).

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717