Friday, 22 June 2018

Rama Steel Tubes has started implementation of its expansion project at Khopoli (Maharashtra) to increase its capacity to manufacture M.S. Tubes / Hollow Section for larger dia sizes from 72,000 MT per annum to 1,32,000 MT per annum.

Rama Steel Tubes is a pioneer in the steel tubes industry and well established strong brand known for its high quality amongst customers. The company has two state of art manufacturing facilities.

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Sandhar Technologies has signed a Joint Venture (JV) agreement with Whetron Electronics in Taiwan for manufacturing and selling electronic parts and accessories for the automotive industries in India.
The product line would include Rear Parking Assist System, Auto Parking, Cameras, Around View System, Driver Monitoring System, Digital Video Recorder, Blind Spot Detection, Door Open Alert, Lane Departure Alert, Rear Cross Traffic Alert, Tyre Pressure Monitoring System and Head up Display.

Sandhar Technologies is an OEM component supplier with manufacturing plants in India, Spain, Poland and Mexico.

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InterGlobe Aviation (IndiGo) will start daily direct flights from Lucknow to Goa and Pune effective from July. With the addition of flight services on these two sectors, IndiGo’s average daily departures will be 25 flights out of Lucknow to 13 destinations. This will further strengthen the airline’s operations, and provide enhanced connectivity between Lucknow and other key cities with all-inclusive fares starting from Rs 3,999.

InterGlobe Aviation (IndiGo) provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

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Tata Mutual Fund has launched the Tata Fixed Maturity Plan Series 55 Scheme C (1099 Days), a close ended income scheme. The NFO opens for subscription on June 22, 2018 and closes on June 26, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against Crisil Medium Term Debt Index and its fund manager is Akhil Mittal.

The investment objective of the scheme is to generate income and / or capital appreciation by investing in Fixed Income Instruments having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of the scheme.

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KCP Sugar & Industries Corporation is currently trading at Rs. 20.05, up by 0.05 points or 0.25 % from its previous closing of Rs. 20.00 on the BSE.The scrip opened at Rs. 20.25 and has touched a high and low of Rs. 20.25 and Rs. 19.75 respectively. So far 22561 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.00 on 26-Dec-2017 and a 52 week low of Rs. 19.75 on 22-Jun-2018.Last one week high and low of the scrip stood at Rs. 22.00 and Rs. 19.75 respectively. The current market cap of the company is Rs. 226.77 crore.

The promoters holding in the company stood at 40.43%, while Institutions and Non-Institutions held 0.21% and 59.36% respectively.Sethi Funds Management has acquired 15,000 equity shares of KCP Sugar & Industries Corporation through open market purchase between June 14, 2018 to June 18, 2018 for an amount of Rs 303640.93.


The company has increased its stake from 140000 equity shares or 0.12% to 155000 equity shares or 0.14%.KCP Sugar & Industries Corporation is engaged in business of manufacturing and marketing of Sugar and Bio-products. The company’s manufacturing facilities are located at Vuyyuru and Lakshmipuram.

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Mahindra & Mahindra is currently trading at Rs. 901.00, up by 17.40 points or 1.97% from its previous closing of Rs. 883.60 on the BSE.The scrip opened at Rs. 885.00 and has touched a high and low of Rs. 904.05 and Rs. 883.60 respectively. So far 61676 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 932.45 on 31-May-2018 and a 52 week low of Rs. 612.50 on 27-Sep-2017.Last one week high and low of the scrip stood at Rs. 920.95 and Rs. 874.55 respectively. The current market cap of the company is Rs. 112224.61 crore.

The promoters holding in the company stood at 21.71%, while Institutions and Non-Institutions held 54.93% and 23.20% respectively.

Mahindra & Mahindra (M&M) has launched TUV300 Plus in India. The sport utility vehicle will be offered at starting price of Rs 9.47 lakh (ex-showroom, Mumbai), in three variants - P4, P6 and P8. The car will be available in five colors - majestic silver, molten orange, bold black, dynamo red and glacier white.

TUV300 Plus gets slight cosmetic upgrades, redesigned interiors, reworked engines for more power and additional seating space. The car is an enhanced version of the company’s existing mini SUV the TUV300.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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Bharti Airtel is currently trading at Rs. 370.10, up by 1.90 points or 0.52% from its previous closing of Rs. 368.20 on the BSE.The scrip opened at Rs. 366.55 and has touched a high and low of Rs. 371.45 and Rs. 366.20 respectively. So far 46926 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 565.00 on 03-Nov-2017 and a 52 week low of Rs. 352.10 on 22-May-2018.

Last one week high and low of the scrip stood at Rs. 381.00 and Rs. 363.60 respectively. The current market cap of the company is Rs. 147464.09 crore.

The promoters holding in the company stood at 67.14%, while Institutions and Non-Institutions held 30.83% and 2.03% respectively.

Bharti Airtel is planning to install 15,000 new mobile sites and over 3,000 km of optic fibre across Andhra Pradesh and Telangana for 2018-19. This is in line with the company’s network expansion programme, 'Project LEAP' and this will bolster data capacities and taking services deeper into rural and unconnected areas.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa

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