Wednesday, 29 March 2017


For the fifth straight trading session, the stocks of Modi Rubber Limited (MRL) extended their gains in Wednesday’s trading session, to hit its upper circuit at Rs 84 or 10%. The stock on the BSE also hit its fresh 52-week high.

The auto tyre and rubber products manufacturer rallied 91% from Rs 43.80 on March 22.  The company holds 3.14 million shares of the unlisted entity Xerox India. As of 11.25 am nearly 35,000 shares changed hands as compared to the average 14,000 shares that were traded in past two weeks. While there were 9,975 shares pending for buy orders on the BSE.

Modi Rubber Limited is an India-based company, engaged in operating rental and real estate, guest houses, and is in the tubes and tyres business. The company is engaged in manufacturing automobile tyres, tubes and flaps, and other allied products. 

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Vardhman Special Steels stock is soaring over 14% on BSE, as it informed the Exchange that it has fixed Record Date as April 10, 2017 for the purpose of rights issue of equity shares.

The stock has touched a high of Rs 141 per share; and a low of Rs 123.30 per share in Wednesday’s trade. It had underperformed the market over the past 1 month till March 28, 2017, advancing 1.02% compared with the Sensex’s 2.32% rise.

The scrip had outperformed the market over the past one quarter advancing 29.6% as against the Sensex’s 12.2% rise. The stock has underperformed BSE Mid-cap index on a yearly basis.

Vardhman Special Steels Ltd is currently trading at Rs 134.8, up by Rs 15.7 or 13.18% from its previous closing of Rs 119.1 on the BSE.

The scrip opened at Rs 123.3 and has touched a high and low of Rs 141.95 and Rs 123.3 respectively. So far 197524(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 221.05 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 133.4 on 20-Feb-2017 and a 52 week low of Rs 45.3 on 12-Apr-2016. Last one week high and low of the scrip stood at Rs 123.4 and Rs 110.35 respectively.

The promoters holding in the company stood at 74.97 % while Institutions and Non-Institutions held 0.41 % and 24.62 % respectively.

The stock is currently trading above its 50 DMA.

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A global EPC player in the power and infrastructure contracting sector, Kalpataru Power Transmission on Wednesday announced that it has secured new orders worth Rs 1200 crore.

The stock on the NSE sizzled nearly 7% soon after the company filed the press release to the Exchanges. The stock hit its 52-week high of Rs 304.40 per share, and witnessed a huge spurt in volume by more than 4.82 times.

The Company has received an order from Transmission Corporation of Telangana Limited (TSTRANSCO) for transmission line turnkey project worth Rs 402 crore, in Hyderabad. The second project is awarded to a JV consortium of KPTL, JMC and STS. The project is for railway infrastructure construction project in Hyderabad for Railway Vikas Nigam Limited (RVNL). The project is worth Rs 464 crore.

Whereas, the third project is worth Rs 336 crore in Abu Dhabi for transmission line turnkey project. Kalpataru Power Transmission Ltd is currently trading at Rs 308, up by Rs 18.15 or 6.26% from its previous closing of Rs 289.85 on the BSE.

The scrip opened at Rs 290.05 and has touched a high and low of Rs 314.95 and Rs 290.05 respectively. So far 546553(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4448.05 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 299.85 on 14-Feb-2017 and a 52 week low of Rs 197 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs 292.85 and Rs 280.15 respectively. The promoters holding in the company stood at 59.45 % while Institutions and Non-Institutions held 27.75 % and 12.8 % respectively. The stock is currently trading above its 50 DMA.

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Tuesday, 28 March 2017


Stock of KPIT Technologies gained 0.8%, as the Company announced that their promoters have increased their stake in the company by 2.22%. The promoters through Proficient Finstock LLP (Proficient) have purchased 43.75 lakh shares of KPIT Technologies. This is now taking the total promoter holding to 19.94%.

KPIT Technologies in Q3FY17 posted 30.97% rise in its consolidated net profit to Rs 73.58 crore (QoQ). The stock has delivered negative returns of 9% in a period of one year, outperforming the BSE Small-cap and BSE IT indices over the same time span.

KPIT Technologies Limited is a technology company. It is engaged in computer programming, consultancy and related activities. The company’s business segments include Auto, IES, SAP and others.

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Pharma major, Suven Life Sciences, has added another product patent from New Zealand, to its list of 25 other patents from New Zealand. The patent valid through 2033, is concerning its molecule to be used for treating neuro-degenerative diseases.

These patents, achieved through sophisticated internal discovery and research, are intellectual property rights exclusive to Suven Life Sciences. While the company might out license the patents at the clinical development phases like phase I or phase II.

 The new developments by the pharma major aid the treatment of cognitive impairments, like the Alzheimer's disease, attention deficit hyperactivity disorder (ADHD), Huntington's disease, major depressive disorders, Parkinsons and Schizophrenia. As on March 28, 2017, stock of Suven Life Sciences is trading at Rs 169.75 on BSE, up by 1.37%.

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Marsons Limited, on Tuesday, announced that it has secured a large order of 30 transformers which are worth Rs 11.84 crore. The order is from a leading EPC contractor for the DDUGJY and IPDS projects in Orissa.

Soon after the announcement, the stocks of the Company on the NSE witnessed a huge spike of 9.06%. The stock hit an intraday high of Rs 13.80 per share; and an intraday low of Rs 11.81 per share on Tuesday.

The stock has delivered over 19% returns in a period of one year, underperforming the BSE Small-cap and BSE Capital Goods indices over the same time span.

Marsons Limited is an India-based manufacturer of electrical transformers. The company is engaged in manufacturing, supplying, erecting, testing and commissioning of power and distribution transformers.

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Indian Oil Corporation has agreed to supply 1.3 million tonnes of refined oil, annually for 5 years, to the landlocked Himalayan nation, Nepal. Since 1974 India is meeting the oil demands of the Nepal, oil needs and is eager to maintain close ties with the Himalayan nation.

B. Ashok, chairman , Indian Oil Corporation, informed the media that IOC will supply 1.3 million tonnes of refined fuels to Nepal in a press news.

The supply agreement was signed today, effective starting from April 2017 to March 2022, and aims to meets full requirements , quantities and demand of oil products, including diesel, petrol, ATF, kerosene, etc. From the next month, IOC will supply Euro IV grade petrol & diesel to Nepal. According to IOC’s officials, the fuel is to be delivered from West Bengal’s Haldia refinery; and Barauni refinery in Bihar.

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