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Friday, 29 September 2017


Jaiprakash Associates became the most active security in terms of volume in the closing hours on Friday. The stock has been actively trading for several trade sessions. The stock recorded a traded quantity of 10,94,80,634 shares and a traded value of Rs 19,367.12 lakh on NSE on Friday.

The stock was trading high by nearly 8% at Rs 17.85 per share at 1442 hours on BSE on Friday. The stock hit an intraday high of Rs 18.45 per share and an intraday low of Rs 16.95 per share on BSE in Friday’s trade. Market expert Rakesh Jhunjhunwala holds 1.03% stake or 2,50,00,000 shares in the company.

The company had hit its 52 week high of Rs 30.40 per share on July 28, 2017 and its 52 week low of Rs 6.71  on November 11, 2016 on BSE.
The company recently received the approvals of its shareholders to raise funds up to Rs 2,000 crore through issue of securities through routes like qualified institutional placement.   

Meanwhile, Nifty was trading higher by 44 points to 9,812 level while Sensex was trading higher by 122 points at 31,404 level. India VIX was lower by 7.02% at 12.24 level. 

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The stock of Ganesh Benzoplast was roaring on the bourses as the stock galloped over 19% to hit a record high. It traded at a new 52-week high value of Rs 98 on the BSE during Friday’s trade. The stock witnessed a spurt in volume by more than 3.18 times.

Ganesh Benzoplast informed in a BSE filing that it has won a case filed u/s 138 of the Negotiable Instruments Act, 1881, against Pan Asia Industries Limited, for recovery of outstanding dues of Rs 5.50 crore plus interest.

The Hon'ble M. M. 33rd Ballard Pier Court passed an order directing Pan Asia Industries Limited ('the defaulter') to pay a sum of Rs 9.00 crore to Ganesh Benzoplast Limited, it added.

The stock of Ganesh Benzoplast was trading at Rs 96.50 per share, up by Rs 14.25 or 17.33% as at 1417 hours on Friday, on the BSE.

Ganesh Benzoplast is engaged in the manufacture, export and import of a range of specialty chemicals, food preservatives and industrial lubricants. The company also provides conditioned storage facilities for bulk liquids and chemicals at various ports in India.

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The shares of Dish TV were trading lower in the afternoon hours on Friday at Rs 74.95 per share, down by 1.58%. The stock witnessed block deal on NSE counters wherein 20 lakh shares traded in a block at Rs 75 per share.

The stock attracted a traded volume of 35,19,916 shares and traded value of Rs 26.51 crore as of 1438 hours on Friday. The stock was underperforming the Nifty Media index. The index was trading higher by 0.75% at 2,984 level.

Among other media stocks, Sun TV was the top gainer on the index trading at Rs 760.65 per share, up by 3.67%. Inox Leisure was also trading higher by 3.19% at Rs 228.2 per share. DB Corporation, Network 18, Hathway, HT Media and PVR are also trading higher by more than 1%.

Meanwhile, Nifty was trading higher by 44 points to 9,812 level while Sensex was trading higher by 122 points at 31,404 level. India VIX was lower by 7.02% at 12.24 level.

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The State Bank of India and Bank of Baroda have lowered their base rates. Andhra Bank had earlier lowered the base rates. SBI has cut base rate by 5 basis points to 8.95%, a move that is likely to benefit a substantial number of bank’s borrower. The new rates will be effective from October 1. While the Bank of Baroda has reduced base rate from 9.50% to 9.15%.

State Bank of India was trading at Rs 254.40 per share, up by Rs 1.60 or 0.63% as at 1204 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs 255.60 and Rs 253.60, respectively. It attracted a traded volume of 33,18,513 shares and traded value of Rs 8,449.27 lakh on the NSE.

Meanwhile, Bank of Baroda was trading at Rs 140.30 per share, up by Rs 1.40 or 1.01%. It hit an intraday high and low of Rs 140.75 and Rs 138.75, respectively. The stock attracted a traded volume of 31,62,019 shares and trade value of Rs 4,414.49 lakh on the NSE.

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Promoters of Vakrangee viz. Dinesh Nandwana, Vakrangee Holdings and NJD Capital have increased their stake in the company by acquiring additional 7,13,621 equity shares of the company of the value of Rs 35.18 crore.

Pursuant to the said acquisition, the total shareholder has been increased from 41.59% to 41.72%.

Meanwhile on bourses, the stock of Vakrangee tanked 1.83% at Rs 491.90 per share on BSE attracting a total traded quantity of 0.15 lakh shares. The company has a profit growth of 50.47% over 5 years and has a return on equity of 30.95% for last 3 years.

Vakrangee Limited is a technology company. The company's segments include e-Governance Projects and Vakrangee Kendra. The e-Governance Projects segment offers collection services, including payment of electricity, telephone and mobiles; recruitment application processing etc.

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Stakeholder Grievance Committee, duly authorised by the board of directors of the Manpasand Beverages at its meeting held on Friday has approved the allotment of 5,72,16,198 equity shares of Rs 10 each as fully paid-up bonus shares in the ratio of 1:1 that is one equity share of Rs 10 each for every one fully paid-up equity share of Rs 10 each held.

The record date for the bonus issue is scheduled on September 28, 2017. As a result, total share capital of the company increased to 11,44,32,396 equity shares of Rs 10 each aggregating to Rs 114,43,23,960.

The stock of the Manpasand Beverages was trading marginally lower by 0.99% or Rs 4.7 per share at Rs 470 per share.

Meanwhile, Nifty was trading higher by 63 points to 9,832 level while Sensex was trading higher by 186 points at 31,469 level. India VIX was lower by 7.02% at 12.24 level.

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Alcohol manufacturing company Radico Khaitan was roaring on the bourses during Friday’s trade as the stock zoomed over 8% intraday.

Radico Khaitan was trading at Rs 168.30 per share, up by Rs 10.60 or 6.72% as at 1250 hours on Friday, on the BSE. The stock witnessed a spurt in volume by more than 10.09 times. It hit an intraday high and low of Rs 170.70 and Rs 159.50 respectively.

It attracted a traded volume of 38,54,551 shares and traded value of Rs 6,247.07 lakh on the NSE. The company had hit its 52-week high of Rs 184.50 on September 11, 2017 and 52-week low of Rs 105.50 on December 21, 2016, on the NSE.

Radico Khaitan Limited manufactures alcohol and alcoholic products. The company operates through the segment of liquor and related products.

Meanwhile, the BSE Sensex was trading at 31,450.05 up by 167.57 points or 0.54% and Nifty was trading at 9828.35, up by 59.40 points or 0.61%.

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The stock of Cadila Healthcare shot up by over 2% during Friday’s trade as the company's subsidiary Zydus announced that it has received the final approval from the US Food and Drug Association for Doxycycline Tablets USP. 

The drug is a tetracycline antibiotic that fights bacteria in the body and is used to treat many different bacterial infections including acne, urinary tract infections, intestinal infections, eye infections and gonorrhoea among others. 

Cadila Healthcare hit an intraday high of Rs 476.90 per share and an intraday low of Rs 461.20 per share on BSE during Friday’s trade. At 1236 hours, the stock was trading at Rs 475.30 per share, up by 1.74% on BSE. 

The stock had hit its 52-week high of Rs 558 on June 12,  2017  and its 52-week low of Rs 329.95 per share on December 26,  2016  on BSE. 
At 1236, benchmark indices Nifty50 was trading at 9,830.45 level, higher by 0.63% and BSE Sensex was trading at 31,464.54 level, higher by 0.58% on BSE on Friday. 

The company has received over 155 approvals and has filed over 300 ANDAs since the commencement of the filing process in the fiscal year 2003-04.   

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Thursday, 28 September 2017


Ruchi Soya Industries announced the signing of a MoU with Patanjali Ayurved for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oil in large packs, the company informed through a BSE filing on Thursday.

Under the terms of the MoU, Ruchi Soya would use its extensive distribution network to sell the complete range of Patanjali edible oils in large packs across all regions of India. Under the agreement, Ruchi Soya has exclusive distribution rights for the existing as well as a future range of Patanjali edible oils in large packs.

The MoU will be followed by the signing of a detailed service agreement for an initial period of three years, similar to the previous processing and packaging agreements concluded between Ruchi Soya and Patanjali Ayurved earlier this year.

Meanwhile, the stock of Ruchi Soya gained 11.69% on BSE at 24.70 per share. The stock also witnessed a spurt in volume by more than 2.12 times and attracted a total traded quantity of 4.93 lakh shares. The stock on yearly basis has given 9.66% returns and has underperformed BSE Smallcap index and BSE FMCG index.

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GE Power India has been awarded a contract worth approximately Rs 327.5 crore by Doosan Power Systems India.

The order is for the supply of four units of 660 MW state of Art Electrostatic Precipitator (ESP) for the prestigious supercritical Power Projects of UP Government, Obra C 2x660 MW project of Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRUVNL) and Jawaharpur 2x660 MW of Jawaharpur Vidyut Utpadan Nigam (JUVNL).

These ESP shall be equipped with latest controllers provided by GE to have one of the lowest Particulate emission less than <20 mg/Nm3 exceeding the expectation of new compliance norm in the country, said the company in a BSE filing on Wednesday post market hours. These orders reinforce the company’s commitment towards providing clean power solutions to the country, it added.

The stock of GE Power India was trading at Rs 646 per share, up by Rs 10.85 or 1.71% as at 1018 hours on Thursday, on the BSE. The stock hit an intraday high and low of Rs 652.65 and Rs 642, respectively. The stock attracted a traded volume of 13,695 shares and traded value of Rs 88.59 lakh on the NSE.

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Deep Industries announced that the company has received a letter of award from ONGC, Rajahmundry Asset for the hiring of natural gas compression service at Mori, GCS for a period of 11 months.

The total estimated value of the said award is Rs 2.16 crore, said the company in a BSE filing on Wednesday, post market hours.

Meanwhile, the stock of Deep Industries was witnessing an upward movement during Thursday’s trade. It was trading at Rs 220.35 per share, up by Rs 4.85 or 2.25% as at 1028 hours on Thursday on the BSE. The stock hit an intraday high and low of Rs 224 and Rs 217.25 respectively.

It attracted a traded volume of 98,660 shares and traded value of Rs 217.05 lakh on the NSE. The company had hit its 52-week high of Rs 343.10 on March 30, 2017 and 52-week low of Rs 192 on August 11, 2017 on the NSE.

Deep Industries Limited is engaged in the business of oil and gas field services, and exploration and production. The company primarily provides support activities for petroleum and natural gas mining.
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National Carrier, Air India has tied up with public sector lender Punjab National Bank and private lender IndusInd Bank to secure loans of over Rs 3,000 crore for meeting working capital requirements, reported a national news agency.

The airline expects the two banks to disburse the amount by next week, the report said.

Earlier this month, the disinvestment-bound Air India had floated tenders for availing government-backed rupee short-term loans totalling up to Rs 3,250 crore in the first phase to meet its urgent working capital. Banks were asked to submit their financial bids by September 19, indicating the amount of government-guaranteed short-term loans they were willing to offer.

The funding will be used for repayment of dues to the airport operators, oil companies and other vendors.

Meanwhile, the stock of Punjab National Bank was up by 0.23% at Rs 133.10 per share and IndusInd Bank was down 0.79% at Rs 1653.50 per share as at 1045 hours on Thursday, on the BSE.

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Infrastructure stocks surged during Thursday’s trade, in line with S&P BSE Sensex which was trading in the positive territory. Among the infrastructure stocks, Sadbhav Infrastructure Project was the top gainer, trading higher by over 15%. While MEP Infrastructure Developer was up by over 4%, IRB Infrastructure Developers and Reliance Infrastructure also recorded over 2% gains during Thursday’s trading session.        
     
At 1045 hours, Sadbhav Infrastructure Project was trading at Rs 102.40 per share, up by 15.11% on BSE on Thursday. The stock had hit an intraday high of Rs 105.50 per share and an intraday low of Rs 91.55 per share on BSE.  

MEP Infrastructure Developers was trading at Rs 94.20 per share, up by 4.26%, IRB Infrastructure Developers was trading at Rs 212.40 per share, up by 2.73% and Reliance Infrastructure was trading at Rs 470.05 per share, up by 1.56% on BSE.   

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