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| As on Jul 14, 2020 12:00 AM |
Your results on : Hot Pursuit |
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| Consolidated profit before tax (PBT) stood at Rs 3095 crore in Q1FY21, rising 4.3% from Rs 2965.8 crore in Q4FY20. Total tax expense rose 10.1% to Rs 683.80 crore in Q1FY21 over Q4FY20. The result was announced after market hours today, 14 July 2020. Revenue from IT services declined 4.58% quarter-on-quarter to Rs 14,595.60 crore during April-June period. In dollar terms, IT services revenue stood at $1921.60 million in Q1, a decrease of 7.3% QoQ. Sequential revenue growth in constant currency terms declined 7.5% in Q1FY21. IT services operating margin improved to 19% in Q1FY21 from 17.6% in Q4FY20. Commenting on company's performance, Jatin Dalal, chief financial officer said, We expanded the margins during the quarter, despite lower revenues, on the back of solid execution of several operational improvements and rupee depreciation. We also continued to sustain robust cash generation with operating cash flows at 174.9% of net income. In its forward-looking statement, Wipro said that the conditions caused by the Covid-19 pandemic could decrease technology spending. This may adversely affect demand for the company's products and also affect the rate of customer spending which could adversely affect the customers' ability or willingness to purchase its offerings. Our operations may also be negatively affected by a range of external factors related to the Covid-19 pandemic that are not within our control, Wipro said. The company added 42 new customers in the quarter ending 30 June 2020. The IT major's attrition rate (on TTM basis) stood at 13% in Q1FY21 from 14.7% in Q4FY20. Wipro is a global information technology, consulting and business process services company. Shares of Wipro fell 1.1% at Rs 225.05 on Tuesday.
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The Burman family has picked up 8.48% stake in Kolkata-based Eveready Industries, the country's largest dry cell batter maker. The transactions were initiated through Guardian Advisors, which manages the investment for the Burmans. Guardian Advisors transacted on behalf of M.B.Finmart, Puran Associates, VIC Enterprises, Chowdry Associates and Gyan Enterprises. These companies are owned by various members of the Burman family. Post this acquisition, the Burman family's stake in Eveready Industries stands increased to 19.84% from 11.35% earlier. On the BSE, the counter clocked a volume of 13.72 lakh shares as against its average trading volume of 14,942 shares in the past one quarter. Over 93.24% of the total traded quantity is marked for delivery. On the NSE, the scrip hit a 10% upper circuit at Rs 89.10. The counter clocked a volume of 20.61 lakh shares as compared with its average trading volume of 2.27 lakh shares in the past one quarter. The battery maker's consolidated net profit surged to Rs 63.07 crore in Q4 March 2020, higher than net profit of Rs 4.54 crore in Q4 March 2019. Consolidated net sales declined 32.4% to Rs 224.08 crore in Q4 FY20 over Q4 FY19. It reported exceptional gain of Rs 62.03 crore on sale of land at Hyderabad. The company's profitability was aided by rise in gross margin in the core segments of batteries and flashlights and improvement in operating margin due to additional cost savings measures. The discontinuance of the packaged tea business further helped the company in improving margins and releasing working capital. Eveready Industries India is engaged in the business of marketing of fast-moving consumer goods (FMCG), such as dry cell batteries, rechargeable batteries, flashlights, packet tea and general lighting products. The firm also distributes a range of electrical products.
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Consolidated profit before tax (PBT) rose 10.90% to Rs 289.80 crore in Q1 June 2020 as against Rs 261.30 crore in Q4 March 2020. The Q1 earnings were announced during market hours today, 13 July 2020. EBITDA fell 1% to Rs 347.80 crore in Q1 June 2020 over Q4 March 2020. EBITDA margin stood at 18.2% during Q1 June 2020 over 17.1% in Q4 March 2020. In dollar terms, the revenue stood at $253.20 million, registering a decline of 9% Q-o-Q (quarter-on-quarter) and 4.1% Y-o-Y (year-on-year). The net profit was at $28.30 million, recording a growth of 0.1% Q-o-Q (quarter-on-quarter) and 111.7% Y-o-Y (year-on-year). There are currently 292 active clients as of 30 June 2020. Six new clients have been added during the quarter. The company had 21,955 employees as of 30 June 2020. Trailing 12 months attrition rate stood at 16.6%. Commenting on the Q1 performance, Debashis Chatterjee, the chief executive officer (CEO) and managing director (MD) of Mindtree, has said that: We closed the quarter with a healthy order book of USD 391M despite the global headwinds due to COVID-19 pandemic. Our unwavering focus on operational efficiencies has helped us to post a healthy EBITDA of 18.2%. With our client - first approach, future-ready talent coupled with increase in digital demand, we are confident to strengthen our position in the market and drive profitable growth in these unprecedented times. Shares of MindTree fell 3.19% to Rs 975.75 on BSE. MindTree is an international information technology consulting and implementation company that delivers business solutions through global software development.
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Jindal Stainless (Hisar) Ltd, Bharat Heavy Electricals Ltd, RBL Bank Ltd and Mahindra Logistics Ltd are among the other losers in the BSE's 'A' group today, 14 July 2020. SKF India Ltd tumbled 8.91% to Rs 1599.2 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 15416 shares were traded on the counter so far as against the average daily volumes of 3846 shares in the past one month. Jindal Stainless (Hisar) Ltd crashed 7.63% to Rs 69.6. The stock was the second biggest loser in 'A' group.On the BSE, 49411 shares were traded on the counter so far as against the average daily volumes of 69273 shares in the past one month. Bharat Heavy Electricals Ltd lost 7.05% to Rs 39.55. The stock was the third biggest loser in 'A' group.On the BSE, 71.45 lakh shares were traded on the counter so far as against the average daily volumes of 73.34 lakh shares in the past one month. RBL Bank Ltd slipped 6.89% to Rs 165.65. The stock was the fourth biggest loser in 'A' group.On the BSE, 18.61 lakh shares were traded on the counter so far as against the average daily volumes of 28.61 lakh shares in the past one month. Mahindra Logistics Ltd shed 6.65% to Rs 310.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 5003 shares were traded on the counter so far as against the average daily volumes of 15676 shares in the past one month.
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BGR Energy Systems Ltd, Suncare Traders Ltd, Gallantt Metal Ltd and Dhunseri Investments Ltd are among the other losers in the BSE's 'B' group today, 14 July 2020. Zodiac-JRD-MKJ Ltd tumbled 9.97% to Rs 32.05 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2319 shares were traded on the counter so far as against the average daily volumes of 4491 shares in the past one month. BGR Energy Systems Ltd lost 7.96% to Rs 46.8. The stock was the second biggest loser in 'B' group.On the BSE, 56426 shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month. Suncare Traders Ltd crashed 7.77% to Rs 0.95. The stock was the third biggest loser in 'B' group.On the BSE, 8.34 lakh shares were traded on the counter so far as against the average daily volumes of 5.96 lakh shares in the past one month. Gallantt Metal Ltd corrected 7.56% to Rs 31.8. The stock was the fourth biggest loser in 'B' group.On the BSE, 8366 shares were traded on the counter so far as against the average daily volumes of 7617 shares in the past one month. Dhunseri Investments Ltd shed 7.43% to Rs 197.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 1115 shares were traded on the counter so far as against the average daily volumes of 2376 shares in the past one month.
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Gujarat Fluorochemicals Ltd, Rallis India Ltd, Thyrocare Technologies Ltd, Hathway Cable & Datacom Ltd are among the other stocks to see a surge in volumes on NSE today, 14 July 2020. GE T&D India Ltd saw volume of 30.4 lakh shares by 14:19 IST on NSE, a 19.58 fold spurt over two-week average daily volume of 1.55 lakh shares. The stock dropped 1.62% to Rs.79.00. Volumes stood at 5.58 lakh shares in the last session. Gujarat Fluorochemicals Ltd recorded volume of 4.2 lakh shares by 14:19 IST on NSE, a 9.49 times surge over two-week average daily volume of 44272 shares. The stock gained 5.19% to Rs.362.70. Volumes stood at 1.94 lakh shares in the last session. Rallis India Ltd witnessed volume of 30.96 lakh shares by 14:19 IST on NSE, a 5.86 times surge over two-week average daily volume of 5.29 lakh shares. The stock increased 7.45% to Rs.290.75. Volumes stood at 3.2 lakh shares in the last session. Thyrocare Technologies Ltd saw volume of 5.96 lakh shares by 14:19 IST on NSE, a 5.04 fold spurt over two-week average daily volume of 1.18 lakh shares. The stock dropped 1.42% to Rs.578.00. Volumes stood at 6.21 lakh shares in the last session. Hathway Cable & Datacom Ltd notched up volume of 83.96 lakh shares by 14:19 IST on NSE, a 4.56 fold spurt over two-week average daily volume of 18.43 lakh shares. The stock rose 8.78% to Rs.37.80. Volumes stood at 50.83 lakh shares in the last session.
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Among the components of the S&P BSE Metal index, National Aluminium Company Ltd (down 4.21%), Steel Authority of India Ltd (down 3.78%),Hindalco Industries Ltd (down 3.55%),Vedanta Ltd (down 3.07%),NMDC Ltd (down 3.04%), were the top losers. Among the other losers were Jindal Steel & Power Ltd (down 2.44%), Hindustan Zinc Ltd (down 2.07%), JSW Steel Ltd (down 2.07%), Tata Steel Ltd (down 1.83%), and Coal India Ltd (down 1.3%). At 13:53 IST, the S&P BSE Sensex was down 580.53 or 1.58% at 36113.16. The Nifty 50 index was down 183.65 points or 1.7% at 10619.05. The S&P BSE Small-Cap index was down 152.46 points or 1.19% at 12631.73. The S&P BSE 150 Midcap Index index was down 55.96 points or 1.27% at 4366.14. On BSE,643 shares were trading in green, 1895 were trading in red and 119 were unchanged.
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Among the components of the S&P BSE Finance index, RBL Bank Ltd (down 7.76%), Bandhan Bank Ltd (down 6.15%),L&T Finance Holdings Ltd (down 6%),Indiabulls Housing Finance Ltd (down 5.9%),IndusInd Bank Ltd (down 5.62%), were the top losers. Among the other losers were Ujjivan Small Finance Bank Ltd (down 5.56%), Spandana Sphoorty Financial Ltd (down 5%), Muthoot Capital Services Ltd (down 4.99%), Satin Creditcare Network Ltd (down 4.98%), and Max Ventures and Industries Ltd (down 4.98%). On the other hand, BF Investment Ltd (up 16.29%), Geojit Financial Services Ltd (up 3.24%), and MAS Financial Services Ltd (up 0.98%) moved up. At 13:53 IST, the S&P BSE Sensex was down 580.53 or 1.58% at 36113.16. The Nifty 50 index was down 183.65 points or 1.7% at 10619.05. The S&P BSE Small-Cap index was down 152.46 points or 1.19% at 12631.73. The S&P BSE 150 Midcap Index index was down 55.96 points or 1.27% at 4366.14. On BSE,643 shares were trading in green, 1895 were trading in red and 119 were unchanged.
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Among the components of the S&P BSE BANKEX index, RBL Bank Ltd (down 7.76%), Bandhan Bank Ltd (down 6.15%),IndusInd Bank Ltd (down 5.62%),Axis Bank Ltd (down 4.97%),State Bank of India (down 3.53%), were the top losers. Among the other losers were Federal Bank Ltd (down 3.3%), ICICI Bank Ltd (down 2.98%), Kotak Mahindra Bank Ltd (down 2.52%), City Union Bank Ltd (down 2.43%), and HDFC Bank Ltd (down 2.03%). At 13:53 IST, the S&P BSE Sensex was down 580.53 or 1.58% at 36113.16. The Nifty 50 index was down 183.65 points or 1.7% at 10619.05. The S&P BSE Small-Cap index was down 152.46 points or 1.19% at 12631.73. The S&P BSE 150 Midcap Index index was down 55.96 points or 1.27% at 4366.14. On BSE,643 shares were trading in green, 1895 were trading in red and 119 were unchanged.
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| Dr. Reddy's Laboratories on Tuesday (14 July) announced the launch of over-the-counter Nicotine Polacrilex lozenges, 2 mg and 4 mg, the store brand version of Nicorette lozenges in the US market. The Nicotine lozenges brands and store brand markets had total US retail sales of approximately $200million for the most recent 52 weeks ending in 17 May 2020 according to IRI. Nicotine Polacrilex lozenges are medical products used to aid in smoking cessation in adults. Dr. Reddy's Laboratories is an India-based pharmaceutical company. Through its three businesses - pharmaceutical services and active ingredients, global generics and proprietary products - the company offers a portfolio of products and services, including active pharmaceutical ingredients (API), custom pharmaceutical services (CPI), generics, biosimilars, differentiated formulations and new chemical entities.
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Moody's, however, confirmed Ba1 corporate family rating (CFR) for the auto component firm. Kaustubh Chaubal, Moody's vice president and senior credit officer, said: “The confirmation of Motherson's rating reflects our view that while the challenges brought by the coronavirus pandemic will keep the company's credit profile weak in the fiscal year ending March 2021 (fiscal 2021), its financial metrics should start to recover the following year. However, even with a recovery, Motherson's leverage and profitability will stay weak for its Ba1 CFR, reflected in the negative outlook. The negative outlook also reflects weak liquidity and the company's upcoming refinancing tasks under more challenging market conditions. The negative outlook indicates the risk of a downgrade if the global auto industry does not recover, with a slower-than-anticipated recovery in the company's financial metrics, Chaubal added. Given the current market situation, an upgrade of the ratings to investment-grade is unlikely in the near term. However, the outlook could change to stable if Motherson's credit metrics recover to pre-outbreak levels as a result of improvements in the market situation, though timely refinancing of the company's scheduled debt maturities is a prerequisite for such outlook stabilization, the ratings agency said. The auto component maker reported 55.3% decline in consolidated net profit to Rs 183.38 crore on 12.1% fall in net sales to Rs 14870.32 crore in Q4 March 2020 over Q4 March 2019. Motherson Sumi Systems is one of the world's leading specialised automotive component manufacturing companies for original equipment manufacturers. While the large-cap stock is currently trading below its 200-day simple moving average (SMA) placed at 108.03, it is currently trading above its 50-day placed at 91.65 and its 100-day SMA placed at 86.84. On a year-to-date (YTD) basis, shares of Motherson Sumi have fallen 36.44% while the S&P BSE 100 index and the S&P BSE Auto index have declined 12.77% and 15.49%, respectively.
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On a consolidated basis, net sales slumped 54% to Rs 393.86 crore in Q1 June 2020 over Q1 June 2019. Pre-tax loss stood at Rs 48.43 crore in Q1 June 2020 as against pre-tax profit of Rs 114.59 crore in Q1 June 2019. EBITDA tanked 84.29% to Rs 30 crore in Q1 June 2020 as against Rs 191 crore in Q4 March 2020. The Q1 earnings was announced during market hours today, 14 July 2020. The pandemic-induced nationwide lockdown due to COVID-19 outbreak and the subsequent staggered unlocking of economic activity has severely impacted business of Century Textiles & Industries in the first quarter of the year. However, the company expects to see clear signs of revival from the second half of this financial year across businesses. All businesses have taken decisive steps to re-calibrate to the new normal, it said. The company's pulp & paper division reported a capacity utilization of 57% in Q1 June 2020. Demand was low in all the three segments of paper, tissue and boards, although some relief came in the form of demand for tissues in retail. There was also demand for Board segment from the pharma and FMCG industry. The textiles business achieved capacity utilization of 50%, mainly due to fulfillment of US export orders. Commenting on the Q1 results, JC laddha, the managing director (MD) of Century Textiles & Industries stated: This was a challenging quarter and while we recoup from the impact of the pandemic, our focus remains on creating value for our stakeholders. We are focussing on digitalisation and customer connect during these trying times. We are also capitalising on the opportunities the pandemic has opened up for our businesses. We have seen high demand for our health-based product line of Masks at Birla Century and the board segment in Pulp and Paper business. Real Estate has also seen a spike in enquiries and encouraging sales during this difficult period which is a testimony to the power of the brand. Century Textiles and Industries is a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textile and also has a remarkable presence in the Pulp & Paper and real estate sectors.
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Hathway Cable & Datacom Ltd is up for a third straight session today. The stock is quoting at Rs 36.95, up 6.33% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 1.87% on the day, quoting at 10600.7. The Sensex is at 36016.85, down 1.84%. Hathway Cable & Datacom Ltd has gained around 35.35% in last one month. Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has gained around 3.51% in last one month and is currently quoting at 1376.45, down 2.32% on the day. The volume in the stock stood at 72.49 lakh shares today, compared to the daily average of 55.03 lakh shares in last one month. The PE of the stock is 347.5 based on TTM earnings ending March 20.
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Biocon Ltd rose for a fifth straight session today. The stock is quoting at Rs 430.75, up 3.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.78% on the day, quoting at 10609.9. The Sensex is at 36022.52, down 1.83%. Biocon Ltd has added around 11.15% in last one month. Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has added around 1.28% in last one month and is currently quoting at 10106.6, up 0.1% on the day. The volume in the stock stood at 153.11 lakh shares today, compared to the daily average of 57.9 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 432.35, up 4.02% on the day. Biocon Ltd is up 70.46% in last one year as compared to a 8.44% fall in NIFTY and a 22.9% fall in the Nifty Pharma index. The PE of the stock is 163.23 based on TTM earnings ending March 20.
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| The Nifty Auto index slipped 2.1% to 6,935.50, while the benchmark Nifty 50 index was down 1.5%. Escorts (down 3.76%), Ashok Leyland (down 2.85%), Hero MotoCorp (down 2.83%), Eicher Motors (down 2.81%), Maruti Suzuki (down 2.65%), Tata Motors (down 2.55%), SML Isuzu (down 2.04%), TVS Motor Company (down 1.82%), Mahindra & Mahindra (down 1.54%) and Bajaj Auto (down 0.89%) tumbled. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales in India declined by 49.59% in June to 1,05,617 units as against 2,09,522 units in the same month last year. Domestic passenger car sales fell 58% year on year to 55,497 units in June. Two-wheeler sales fell 38.56% at 10,13,431 units as compared to 16,49,475 units in the same month last year. In Q1 June 2020, passenger vehicle sales dipped by 78.4% to 1.53 lakh units as compared to 7.12 lakh units in the year-ago period. Commercial vehicles sales were down 84.8% to 31,636 units in Q1 FY21 as compared to 2.08 lakh units while three-wheeler sales totaled 12,760 units as compared to 1.49 lakh units in Q1 FY20, down 91.5%. Two-wheeler sales cracked by 74.2% to 12.9 lakh units in Q1 FY21 as compared to 50.1 lakh units in Q1 FY20.
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Bodal Chemicals Ltd, Dynemic Products Ltd, BF Utilities Ltd and Eveready Industries India Ltd are among the other gainers in the BSE's 'B' group today, 14 July 2020. BF Investment Ltd surged 16.48% to Rs 357.6 at 12:08 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 53350 shares were traded on the counter so far as against the average daily volumes of 12798 shares in the past one month. Bodal Chemicals Ltd soared 13.31% to Rs 79.15. The stock was the second biggest gainer in 'B' group. On the BSE, 2.97 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month. Dynemic Products Ltd spiked 13.04% to Rs 196.35. The stock was the third biggest gainer in 'B' group. On the BSE, 81380 shares were traded on the counter so far as against the average daily volumes of 12140 shares in the past one month. BF Utilities Ltd jumped 9.98% to Rs 220.95. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 51617 shares in the past one month. Eveready Industries India Ltd rose 9.96% to Rs 88.9. The stock was the fifth biggest gainer in 'B' group. On the BSE, 13.7 lakh shares were traded on the counter so far as against the average daily volumes of 23200 shares in the past one month.
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Himadri Speciality Chemical Ltd, Future Retail Ltd, Sadbhav Engineering Ltd and Fine Organic Industries Ltd are among the other gainers in the BSE's 'A' group today, 14 July 2020. Hathway Cable & Datacom Ltd surged 7.48% to Rs 37.35 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.44 lakh shares were traded on the counter so far as against the average daily volumes of 6.9 lakh shares in the past one month. Himadri Speciality Chemical Ltd spiked 5.49% to Rs 52.85. The stock was the second biggest gainer in 'A' group. On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 1.9 lakh shares in the past one month. Future Retail Ltd soared 5.00% to Rs 116.55. The stock was the third biggest gainer in 'A' group. On the BSE, 3.79 lakh shares were traded on the counter so far as against the average daily volumes of 8.26 lakh shares in the past one month. Sadbhav Engineering Ltd advanced 4.98% to Rs 53.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.4 lakh shares were traded on the counter so far as against the average daily volumes of 1.19 lakh shares in the past one month. Fine Organic Industries Ltd spurt 4.80% to Rs 2084.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 6594 shares were traded on the counter so far as against the average daily volumes of 7601 shares in the past one month.
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The board of directors in a meeting held on 13 July 2020 fixed 14 August 2020 as the date of ensuing annual general meeting (AGM) by way of video conferencing/other audio visual means, the bank said in a filing. The board of directors will seek approval of shareholders in the AGM for raising further capital through qualified institutional placement (QIP) route to the tune of Rs 600 crore (including premium). It may be recalled that last year also the bank obtained the approval of shareholders for raising capital through QIP to the tune of Rs 500 crore but has not utilised the same, it added. The bank will also seek shareholders' permission for issuing unsecured perpetual debt instruments (part of additional tier I capital), non-convertible debentures, Basel III compliant tier I and II bonds or such other debt securities as may be permitted under RBI guidelines, up to a total amount of Rs 500 crore, on private placement basis, it said further. City Union Bank reported a net loss of Rs 95.29 crore in Q4 March 2020 as compared to a net profit of Rs 175.11 crore in Q4 March 2019. Total income rose 7.9% year-on-year (Y-o-Y) to Rs 1,220.98 crore during the quarter. City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. The bank had a network of 700 branches and 1,793 ATMs as on 31 March 2020. Shares of City Union Bank slipped 2.70% to Rs 124.35 on BSE. The stock traded in the range of Rs 123.35 to Rs 128.75 so far.
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| Meanwhile, Sobha announced on Monday (13 July) that post easing of lockdown in first week of May, all its offices, sites and factories got operational in line with respective state rules and regulations. However, labor migration had an adverse impact on the company's operations at project sites and factories. During April and May months, the company's sales dipped, but from June onwards sales improved and inquiries shot up to pre-Covid levels Sobha added that its operations are gradually returning to normalcy and at this stage there is no structural long-term impact on the business. However, situation is dynamic with Kamataka announcing a new lockdown in Bengaluru from 14 July to 23 July 2020. The company said that while its liquidity position remains comfortable, the pandemic-led disruption will impact its revenue recognition as there will be some delay in handing over of the apartments. There is short term impact in supply chain due to restricted commercial activities across various states, it added. Shares of Sobha were up 0.47% at Rs 233.20 on BSE. Sobha is a real estate brand in India. It has made several developments in Bangalore, Kerela, Delhi - NCR, Chennai, Coimbatore, Mysore and Pune.
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BASF India Ltd, Thyrocare Technologies Ltd, Rallis India Ltd, Tata Communications Ltd are among the other stocks to see a surge in volumes on BSE today, 14 July 2020. Bajaj Consumer Care Ltd clocked volume of 2.81 lakh shares by 10:53 IST on BSE, a 5.16 times surge over two-week average daily volume of 54383 shares. The stock gained 0.86% to Rs.158.90. Volumes stood at 2.32 lakh shares in the last session. BASF India Ltd saw volume of 33972 shares by 10:53 IST on BSE, a 4.3 fold spurt over two-week average daily volume of 7898 shares. The stock increased 3.05% to Rs.1,367.60. Volumes stood at 28554 shares in the last session. Thyrocare Technologies Ltd recorded volume of 23948 shares by 10:53 IST on BSE, a 2.79 times surge over two-week average daily volume of 8587 shares. The stock gained 3.12% to Rs.606.65. Volumes stood at 41699 shares in the last session. Rallis India Ltd witnessed volume of 84747 shares by 10:53 IST on BSE, a 2.11 times surge over two-week average daily volume of 40240 shares. The stock increased 4.60% to Rs.283.00. Volumes stood at 16533 shares in the last session. Tata Communications Ltd registered volume of 18042 shares by 10:53 IST on BSE, a 1.93 fold spurt over two-week average daily volume of 9341 shares. The stock rose 5.00% to Rs.700.55. Volumes stood at 27851 shares in the last session.
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