Live market updates

21st Oct, 2021

Thangarnayil Jewellery to open its 49th branch on October 27; Stock hits new high

Published on: 3:59 pm

  • Thangarnayil Jewellery Limited hit fresh 52-week high of Rs1457.95 per piece on Thursday after the company informed the exchanges that the company is opening its 49th branch at Surandai - Tenkasi District of Tamil Nadu on October 27, 2021. Read More

UPL-led subsidiary to acquire 80% stake in PT Excel Meg Indo-Indonesia

Published on: 3:58 pm

  • UPL Limited has informed that UPL Global Limited, a step down subsidiary of Company’s subsidiary viz. UPL Corporation Limited has entered into definitive agreement for acquisition of 80% stake in equity share capital of PT Excel Meg Indo – Indonesia.
  • PT Excel Meg Indo is a company incorporated in Indonesia (PTE). Read More

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Mastek Q2FY22 PAT at Rs72.29cr; up by 41.88% yoy

Published on: 3:46 pm

  • Mastek, a global digital transformation specialist and a trusted partner in complex digital & cloud programs in the Government and Global Enterprises worldwide, announced its financial results for the Second Quarter & Half Year of FY22 ended on 30th September 2021. Read More

Markets closed lower, Banking Stocks outperformed

Published on: 3:43 pm

  • Markets witnessed a negative day of trade, with the benchmark index posting wild swings during the trade.
  • Bank Nifty outperformed the Nifty by 1.5% for the second consecutive trading session with the former closing 0.75% higher while the later closed in the red. Read More

CARE reaffirms credit rating of Gillanders Arbuthnot's bank facilities

Published on: 3:32 pm

  • Gillanders Arbuthnot & Company Ltd has informed that CARE Ratings has reaffirmed its ratings on bank facilities of the Company.
  • Long term ratings has been reaffirmed to CARE BBB/ Stable while short term ratings has been reaffirmed to CARE A3. Read More

Tata Steel BSL records net profit of Rs1,837cr in Q2; stock dips 2%

Published on: 3:24 pm

  • Shares of Tata Steel BSL slipped 2% on the BSE. The company recorded a net profit which rose 437.60% to Rs1837.03cr in the quarter ended September 2021 as against Rs341.71cr during the previous quarter ended September 2020. Read More

IDBI Bank records a whopping 75% yoy rise in Q2 PAT to Rs567cr, gross NPA improves

Published on: 3:16 pm

  • IDBI Bank logged a net profit of Rs567cr for the quarter ending September 2021 (Q2FY22) rising by 75% from Rs324cr in the corresponding period of the previous year.
  • The net interest margin was at 3.02% in Q2FY22 expanding 32 basis points year-on-year. Read More

Shriram Pistons & Rings extinguishes 3.50 lakh bought back shares

Published on: 3:12 pm

  • Shriram Pistons & Rings Limited has extinguished 3,50,000 fully paid-up equity shares of Rs10/- each of Shriram Pistons & Rings Limited bought back at a price of Rs1,020/- per Equity Share through the tender offer process.
  • Post Extinguishment, issued, subscribed and paid-up Share Capital 2,20,24,912 fully paid-up Equity Shares of Rs10/- each amounting to Rs22,02,49,120. Read More

Steel Strips Wheels updates on status of pledged shares; Stock trades higher

Published on: 3:00 pm

  • Steel Strips Wheels Ltd has informed to the exchange regarding release of shares and status of pledged shares of the promoter group of the company. Read More

Tejas Networks stock hits 5% lower circuit after Q2 earnings

Published on: 2:58 pm

  • In the quarter ending September 2021 (Q2FY22), Tejas Networks posted consolidated net revenue of Rs. 172.8 crore, which was a YoY increase of 61.8%.
  • Further, the company's profit after tax was Rs. 3.7 crore as compared to Rs. 4.5 crore for the corresponding previous period. Read More

Strides announces completion of transaction to acquire manufacturing unit in the US from Endo Intern

Published on: 2:46 pm

  • Strides Pharma today has announced that it has completed a transaction to acquire a manufacturing facility in the US along with a basket of ANDAs from Endo International plc. Read More

Syngene International stock dips 2% after Q2 PAT contracts 21% yoy due to exceptional item

Published on: 2:42 pm

  • Syngene International has posted a 21% decline in net profit after exceptional item to Rs66.7cr for the quarter ending September 2021 (Q2FY22) compared to Rs84.1cr of the same quarter last year.
  • Before the exceptional item, the PAT would be Rs92cr up by 9% yoy. Read More

KPIT and ZF join hands for industry-leading middleware solution

Published on: 2:37 pm

  • KPIT Technologies and ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology has announced that they will cooperate for joint development for an industry leading middleware solution for the mobility ecosystem.
  • The continual increase in software complexity coupled with high-performance computing infrastructure needs a robust and dependable middleware solution. The lack of such a solution can potentially delay vehicle development and escalate technology spends. Read More

Jubilant Foodworks logs a strong all-round performance in Q2 as robust sales drive

Published on: 2:31 pm

  • Jubilant Foodworks recorded a 58% rise in net profit to Rs121.5cr for the quarter ending September 2021 (Q2FY22) period, compared to Rs76.9cr a year ago same period. 
  • The profit margin was at 11% in the quarter under review. Read More

Market pulse at 2:30 PM today

Published on: 2:30 pm

  • Indices fall nearly 1% with IT, metal stocks leading the rout.
  • BSE Sensex is at 60,676.67 down 583.29 points or 0.95%.
  • Nifty50 is at 18,092.05 down 174.55 points or 0.96%. Nifty Bank is 39,610.75 up 0.23%. Mid-cap Index is down 1.18%. Read More

RBI imposes Rs1cr monetary penalty on Paytm Payments Bank, fines Western Union too for non-complianc

Published on: 2:22 pm

  • The Reserve Bank of India has imposed a monetary penalty of Rs1cr on Paytm Payments Bank Limited (PPBL), for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act).
  • Further, a compounding order was also issued to Western Union Financial Services Inc (WUFSI), a Money Transfer Service - cross-border inbound service (customer to customer only) operator - imposing a penalty of Rs27,78,750 for non-compliance with certain provisions of the directions. Read More

Nifty Consumer Durables shed 630 pts ahead of major Q2 earnings; Titan, TTK Prestige, Havells, Volta

Published on: 2:14 pm

  • Consumer Durables stocks extended their selling bias even on Thursday due to broad-based selloff across heavyweights ahead of major Q2 earnings.
  • The Nifty Consumer Durables has hovered between an intraday high and low of 28,849.40 and 28,025.65 respectively. At present, 12 scrips have declined while only 3 scrips have advanced with marginal upside. Read More

Bharat Gears board approves rights issue worth Rs9.77cr

Published on: 2:14 pm

  • The board of directors of Bharat Gears Limited on Wednesday approved a rights issue worth Rs9.77cr. The company plans to issue 9.3 lakh shares on a rights basis at Rs105 per rights equity shares at a face value of Rs10 each. Read More

Asian Paints plunges over 5% after stable Q2 earnings, revenue rises 33% yoy to Rs7,096cr

Published on: 1:52 pm

  • Asian Paints Ltd has today announced their financial results for the quarter and six months ended September 30, 2021.
  • Consolidated Revenue from operations for the Quarter increased by 32.6% Read More

Market pulse at 1:30 PM today

Published on: 1:30 pm

  • BSE Sensex is currently 60,704.28 down 555.68 points or 0.91%.
  • Nifty50 is currently 18,141.85 down 124.75 points or 0.68%. Nifty Bank is 39,650.95 up 0.34%. Mid-cap Index is down 0.63%.
  • Kotak Bank, Grasim, HDFC, BPCL, and Tata Motors are the top gainers. JSW Steel, Tata Steel, Hindalco, DR Reddy, and Reliance are the top losers. Read More

Goa Carbon surges over 2% on resuming operations at Goa unit

Published on: 1:16 pm

  • Goa Carbon Ltd has informed the exchange that the maintenance work at the Company's Goa Unit located has been resumed. Read More

REC closes $75M SOFR linked Term Loan with Sumitomo Mitsui Banking Corp

Published on: 1:14 pm

  • The Power Ministry announced that in a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Read More

Power Minister: International Solar Alliance can enable energy access for 800M people globally

Published on: 1:10 pm

  • R.K. Singh Union Minister for Power and New and Renewable Energy and the President of International Solar Alliance welcomed all the members, signatory countries, prospective member countries, partner organizations, and special invitee organizations to the Fourth Assembly of the International Solar Alliance.
  • He requested all the delegates for a one-minute silent prayer for the victims of the COVID-19 pandemic. Read More

Nifty Pharma joins bear markets; Index sheds 1%; Strides, Granules soar while Gland Pharma, Laurus L

Published on: 1:05 pm

EPFO adds 14.81 lakh net subscribers in Aug 2021, 50% of net additions are fresh Job seekers

Published on: 1:02 pm

  • As per the latest provisional payroll data, EPFO has added around 14.81 lakh net subscribers in August 2021.
  • The data reflects a growing trend in net payroll for the first five months of the current financial year. In the month under review, the net subscriber addition has increased by 12.61% as compared to the previous month. Read More

Consume Price Index numbers for Agricultural and Rural Labourers rise in Sept 2021

Published on: 12:55 pm

  • The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) in September 2021 increased by 1point and 2 points to stand at 1067 and 1076 points respectively. Read More

BHEL completes commissioning of third renovated Hydro unit at the 3x60 MW Baira Siul HEP

Published on: 12:46 pm

  • Bharat Heavy Electricals Limited (BHEL) announced the successful completion of R&M (Renovation & Modernization) and commissioned the third and final unit of the 3x60 MW Baira Siul Hydro Power Station located in Chamba district of Himachal Pradesh.
  • The first and second units of the station have already been renovated and commissioned in Dec., 2019 and Oct., 2020 respectively. Read More

VST Tillers Tractors stock jumps 4% after its VST MT 932 Tractor wins an award at Apollo Farm Power

Published on: 12:39 pm

  • VST Tillers Tractors (VST) on Thursday announced that it has won the Latest Innovation of the Year Award 2021 for its VST MT 932 Tractor at the Apollo Farm Power Awards 2021.
  •   The award is given in recognition of excellence in farm power and agriculture mechanization.
  • The award celebrates efforts that have made significant contributions in the Indian agriculture sector and positively impacted the lives of farmers. Read More

PM Modi invites CEOs to partner with India in exploration and development of the oil & gas secto

Published on: 12:39 pm

  • Prime Minister Narendra Modi interacted with the CEOs and Experts of the global oil and gas sector via video conferencing.
  • Prime Minister discussed in detail the reforms undertaken in the oil and gas sector in the last seven years, including the ones in exploration and licensing policy, gas marketing, policies on coal bed methane, coal gasification, and the recent reform in Indian Gas Exchange, adding that such reforms will continue with the goal to make India ‘Aatmanirbhar in the oil & gas sector’. Read More

APL Apollo Tubes issues commercial paper worth Rs50cr; Stock under pressure

Published on: 12:38 pm

  • APL Apollo Tubes Limited informed the exchanges Wednesday about the issue of Commercial Papers aggregating to Rs50cr.
  • The CPs with credit rating of A1+ from CRISIL were allotted to Aditya Birla Sun Life Liquid Fund on Wednesday.
  • The said Commercial Paper(s) shall be listed on BSE Limited. Read More

Birlasoft to consider interim dividend for FY22 on October 26; Stock gains

Published on: 12:32 pm

  • Birlasoft to consider the declaration of an interim dividend next week for the financial year FY22.
  • The company will be meeting on October 26, 2021, to consider the interim dividend to its members. Read More

Market pulse at 12:30 PM today

Published on: 12:30 pm

  • Benchmark market indices remain bearish; Sensex sheds over 500 points, Nifty down 0.76%.
  • BSE Sensex is currently 60,736.94 down 523.02 points or 0.85%.
  • Nifty50 is currently 18,128.35 down 138.25 points or 0.76%. Nifty Bank is 39,535.00 up 0.04%. Mid-cap Index is down 0.73%. Read More

Ind Ra affirms Dilip Buildcon;s rating at 'A+' with Stable outlook; Stock gains

Published on: 12:24 pm

Vijay Kothari and V R Mehta resign as Independent Directors of T T Ltd; Stock hits new high

Published on: 12:09 pm

  • T T Limited has informed on Thursday that Vijay Kumar Kothari and Veerendra Raj Mehta, Independent Directors of the company resigned from the Board with immediate effect on account of personal reason. Read More

Nifty Bank index steady; PSU Bank stocks surge 2.5% amid bearish markets

Published on: 12:05 pm

  • The Nifty PSU Bank stocks soared 2.5% on Thursday amid bearish markets while Nifty Bank and Private Bank stocks also traded higher.
  • PSU Bank stocks were in the fast lane despite volatile markets for the second consecutive day. Read More

Dhani Services board nods preferential issue of equity shares of Rs1200cr; Stock zooms 6.5%

Published on: 11:41 am

  • Dhani Services Ltd has informed that the Board of Directors of the Company on October 20, 2021 has approved the preferential issue of upto 6,12,24,490 (Six Crore Twelve Lac Twenty Four Thousand Four Hundred Ninety) fully paid up equity shares of face value of Rs2 each (“Equity Shares”), at an issue price of Rs196 (including a premium of Rs194) per Equity Share, aggregating upto Rs1200cr equivalent to USD 160 Million. Read More

Market pulse at 11:30 AM today

Published on: 11:30 am

  • Indices fall further as IT and Consumer Durables stocks drag.
  • BSE Sensex is at 60,818.13 down 441.83 points or 0.72%.
  • Nifty50 is at 18,144.30 down 122.30 points or 0.67%. Nifty Bank is 39,544.55 up 0.07%. Mid-cap Index is down 0.84%. Read More

SecureKloud Technologies US-based arm launches Blockchain Network Management platform

Published on: 11:20 am

  • SecureKloud Technologies, US-based step-down subsidiary, Blockedge Technologies has announced the launch of its Blockchain Network Management Platform.
  • IDC is expecting enterprise blockchain spending to reach $6.6B this year, but the adoption has its own share of challenges.
  • Identifying and agreeing on the correct use case, ability to build and deploy scalable networks, integration with existing IT systems, and high-availability network maintenance are some of the blockchain adoption challenges faced by the industry leaders. Read More

Tata Communications surges 1.5% on robust profit growth in Q2

Published on: 11:17 am

  • Tata Communications Limited, a global digital ecosystem enabler, on Wednesday announced its financial results for the second quarter ended 30th September 2021.
  • The company’s consolidated revenue came in at Rs4,174cr (USD 563 Mn); a growth of +1.7% qoq and a 5.2% decrease yoy. Sequential growth is on account of gradual recovery across both Data and Voice segments. Read More

NBCC bags two new construction projects worth Rs362.91cr in Delhi and Haryana

Published on: 11:10 am

  • NBCC (India) has bagged two new construction projects in the state of Delhi and Haryana. Together, these projects are valued at a whopping Rs362.91cr. Read More

Tata Motors launches its annual customer engagement program 'Grahak Samvaad' for customers

Published on: 11:05 am

  • Tata Motors has informed that it will celebrate ‘National Customer Care Day’ on October 23, to commemorate the day when the first truck was rolled out from Tata Motors Jamshedpur plant in 1954.
  • The company will also launch its annual customer-engagement program, the Grahak Samvaad, from October 20-28, 2021.
  • The program aims to educate the customers about the company’s innovative service and product offerings. Read More

Markets extend losses, Sensex falls below 61,000; Nifty below 18,200; IT stocks, RIL drag index

Published on: 11:04 am

  • The Indian stock market gave up initial gains and turned into a bearish note amid weakness seen in IT and consumer durable.
  • However, gains in select oil & gas and financial stocks, especially PSU banking shares, lent some support. 
  • The top contributor to the Sensex losses is Reliance, Infosys, TCS and HCL Tech which was down in the range of 100-70 points. Read More

B L Kashyap & Sons wins a new profit worth Rs62.15cr; Stock dips 2%

Published on: 10:57 am

  • B L Kashyap & Sons continues to add more projects to the order books. The company has bagged a profit for Civil Work of Commercial space at Gurugram Haryana worth Rs62.15cr. Read More

MAS Financial Services allots NCDs worth Rs50cr

Published on: 10:55 am

  • MAS Financial Services Limited informed the exchanges Wednesday that the meeting of the Finance Committee of the Board of Directors of the Company was held on October 20, 2021, and the Finance Committee has, inter-alia, approved, and allotted 50 unsecured, rated, listed, redeemable, subordinated, taxable, transferable, non-convertible debentures of the face value of Rs1cr each and an aggregate face value of Rs50cr on private placement basis. Read More

Honeywell Automation wins Bengaluru Safe City project for Rs496.57cr; Stock advances

Published on: 10:50 am

  • Honeywell Automation was selected to lead the Bengaluru Safe City project under the Nirbhaya Fund by the Government of India. An initiative of the Ministry of Home Affairs, the project aims to create a safe, secure and empowering environment for women and girls in public places to enable them to pursue all opportunities without the threat of gender-based violence or harassment.
  • The Bengaluru Safe City project is valued at Rs496.57cr ($67M).

Angel One reports higher Q2 PAT at Rs134.2cr

Published on: 10:47 am

  • Angel One Limited (Angel Broking) announced its unaudited consolidated financial results for the quarter and half year ended on September 30, 2021. The company reported a higher consolidated profit at Rs134.2cr in Q2FY22 against Rs74.5cr in Q2FY21, revenue jumped to Rs527.34cr from Rs309.85cr yoy.
  • The Board of Directors has recommended a second interim dividend of Rs5.70/- per equity share of Rs. 10/- each, i.e. ~35% of consolidated profit after tax, for the quarter. Read More

Nifty IT in a bloodbath, index nosedives over 700 pts so far today with all stocks in red; TCS, Mind

Published on: 10:45 am

  • Nifty technology stocks were under deep red on Thursday amid mixed global cues.
  • The IT stocks have shunned over 700 points so far today after the fresh start of opening gains.
  • All stocks listed on the index have tumbled ranging from 1-6%. Read More

Market pulse at 10:30 AM today

Published on: 10:33 am

  • Equity market indices are bearish amid weak Asian peers. 
  • BSE Sensex is currently 61,118.56 down 141.4 points or 0.23%.
  • Nifty50 is currently 18,234.75 down 31.85 points or 0.17%. Read More

Ind-Ra upgrades credit rating of Mahindra Holidays & Resorts; Stock trades flat

Published on: 10:32 am

Imagicaaworld Entertainment gets Maha Govt permission to reopen its Theme Park

Published on: 10:22 am

  • Imagicaaworld Entertainment Ltd has inform that on October 18, 2021, the Company has received permission to open its Theme Park from the Government of Maharashtra. The Theme Park will be opened as per the SOPs and guidelines specifically issued by the government while the Water Park will however remain non-operational until further intimation. Read More

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