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| As on Mar 09, 2021 12:00 AM |
Your results on : Hot Pursuit |
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Balmer Lawrie Investment Ltd rose 8.1% today to trade at Rs 512. The S&P BSE Finance index is up 1.41% to quote at 7762.57. The index is up 0.16 % over last one month. Among the other constituents of the index, Central Bank of India increased 4.85% and Indian Overseas Bank added 3.98% on the day. The S&P BSE Finance index went up 32.01 % over last one year compared to the 42.8% surge in benchmark SENSEX. Balmer Lawrie Investment Ltd has added 27% over last one month compared to 0.16% gain in S&P BSE Finance index and 0.31% rise in the SENSEX. On the BSE, 13350 shares were traded in the counter so far compared with average daily volumes of 19542 shares in the past one month. The stock hit a record high of Rs 525 on 09 Mar 2021. The stock hit a 52-week low of Rs 270 on 24 Mar 2020.
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Additionally, the company has secured new work orders worth Rs. 25.58 crore for residential and institutional projects from various clients in Gujarat. With receipt of the above, the total work orders received during financial year 2020-21 on standalone basis amounts to Rs 2436.86 crore and the outstanding order book considering December book stands at Rs 4736.88 crore, PSP Projects said in a statement. The announcement was made after market hours on Monday (8 March 2021). PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country. The company's consolidated net profit declined by 20.1% to Rs 29.17 crore on 7.8% fall in net sales to Rs 390.16 crore in Q3 FY21 over Q3 FY20.
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| JMC Projects (India) (JMC) has signed an agreement with Fahi Dhiriulhun Corporation (FDC), a state-owned company of the Government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives. The total value for this project is estimated to be around $137 million (about Rs 1,000 crore) and is planned to be financed via a loan from multilateral funding agency. The financial closure of the project is expected to conclude soon and construction on the project will commence after the financial closure. Commenting on the development, S. K. Tripathi (CEO & dy. managing director) said, The signing of the agreement with FDC is a landmark event in JMC's growth journey. The project is a milestone and testament to our ability to deliver major projects to the highest quality and within tight time frames. Our international business has expanded its presence further with this project in Maldives. This will strengthen our international order book and reinforces our thrust to diversify in the international EPC rnarket. On the technical front, the stock's RSI (relative strength index) stood at 59.245. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. The stock was trading above its 50-day moving average (DMA) placed at 72.28 and its 200-day moving average (DMA) placed at 57.05. JMC Projects (India) is primarily engaged in the business of engineering, procurement and construction (EPC) relating to infrastructure sector comprising of buildings and factories, roads and bridges, water pipe lines, metro, power, railways etc.
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| Inox Wind has signed a binding agreement with Integrum Energy Infrastructure to supply, erect and commission 92 MW of wind power projects comprising of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) turbines with a combination of total turnkey and limited scope supply. Inox Wind shall supply, erect and commission the turbines at various locations in the states of Gujarat, Karnataka, Maharashtra & Tamil Nadu by Q3 of FY 22 for captive customers. The agreement includes a turnkey order of 26 MW for which Inox Wind will provide Integrum Energy with end-to-end solutions from development and construction to commissioning and providing long term operations and maintenance services. Inox Wind is a fully integrated player in the wind energy market with three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind's manufacturing capacity stands at 1,600 mega-watt (MW) per annum. On a consolidated basis, Inox Wind reported net loss of Rs 51.97 crore in Q3 FY21 compared with net loss of Rs 27.47 crore in Q3 FY20. Net sales rose 18% to Rs 203.80 crore in Q3 FY21 over Q3 FY20.
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Carnation Hotels Private Limited, a subsidiary and the hotel management arm of the Company will be operating and marketing this Hotel. The hotel is owned by Nepal International Hospitality Pvt. Ltd. The hotel will feature 80 well-appointed rooms & suites, complemented by a multi-cuisine restaurant, a bar, meeting and conference spaces and recreational facilities. The hotel is expected to be operational by January 2023, and this will be the third hotel of the company in Nepal, including Kathmandu and Nagarkot. Biratnagar is a metropolitan city in Province 1 in Nepal. Its strategic location serves as an entry point to eastern Nepal as well as north-eastern India. The announcement was made after market hours yesterday, 8 March 2021. Shares of Lemon Tree Hotels fell 1.28% to settle at Rs 42.50 yesterday. Lemon Tree Hotels is India's largest hotel chain in the mid-priced hotel sector, and the third largest overall. The company opened its first hotel with 49 rooms in May 2004 and currently operates about 8,300 rooms in 84 hotels across 51 destinations, in India and abroad, under its various brands.
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India Grid Trust's indicative value of the acquisition is Rs 4,625 crore and will boost India Grid Trust's AUM by 34% to over Rs 20,000 crore. Post completion, the platform's asset portfolio would consist of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending about 7,570 circuit kilometers and 13,350 MVA in 17 Indian states and 1 Union Territory. NER-II is part of Inter State Transmission Scheme (ISTS) network, and was awarded on a Build, Own, Operate, Maintain (BOOM) basis with a contractual period of 35 years. The project has 11 elements including two substations of 1,260 MVA capacity and four transmission lines extending over 830 circuit kilometers. The asset spans across Assam, Arunachal Pradesh and Tripura and is of strategic importance for the delivery of power in one of the toughest regions in the country. This project will strengthen the power transmission network in the North Eastern States and address the of transmission, sub-transmission, and distribution system needs of the region. IndiGrid had signed a framework agreement in April 2019 with Sterlite Power for acquisition of NER-II upon commissioning. This transaction is expected to be consummated during Q4 FY21, subject to unitholders' approval, regulatory approvals, and other customary closing adjustments. The acquisition will be funded through a combination of internal accruals, debt, equity proceeds from the preference issue done in May 2019 and forthcoming rights issue. Post this acquisition, the net debt/AUM would stand at 64%. Shares of India Grid Trust fell 0.23% to Rs 129.70 on BSE. The scrip hit an intraday high and low of Rs 138.40 and Rs 129.52, respectively. On the technical front, the stock's RSI (relative strength index) stood at 46.170. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. The stock was trading between its 50-day moving average (DMA) placed at 131 and its 200-day moving average (DMA) placed at 111.89. IndiGrid is the first Infrastructure Investment Trust (InvIT) in the Indian power sector. It owns 12 operating projects consisting of 34 transmission lines with more than 6,740 ckms length and 9 substations with 12,290 MVA transformation capacity. IndiGrid has assets under management (AUM) worth about Rs 15000 ($2.1 bln). The investment manager of IndiGrid is majority owned by KKR.
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Indiabulls Real Estate Ltd, Varun Beverages Ltd, Zensar Technologies Ltd and Solara Active Pharma Sciences Ltd are among the other losers in the BSE's 'A' group today, 08 March 2021. Gabriel India Ltd crashed 4.95% to Rs 119.95 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.06 lakh shares were traded on the counter so far as against the average daily volumes of 2.28 lakh shares in the past one month. Indiabulls Real Estate Ltd tumbled 4.46% to Rs 114.6. The stock was the second biggest loser in 'A' group.On the BSE, 28.88 lakh shares were traded on the counter so far as against the average daily volumes of 11.07 lakh shares in the past one month. Varun Beverages Ltd lost 4.09% to Rs 999. The stock was the third biggest loser in 'A' group.On the BSE, 10965 shares were traded on the counter so far as against the average daily volumes of 26884 shares in the past one month. Zensar Technologies Ltd plummeted 3.84% to Rs 282.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 26630 shares were traded on the counter so far as against the average daily volumes of 55143 shares in the past one month. Solara Active Pharma Sciences Ltd dropped 3.28% to Rs 1239. The stock was the fifth biggest loser in 'A' group.On the BSE, 12611 shares were traded on the counter so far as against the average daily volumes of 11407 shares in the past one month.
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| In an exchange filing during market hours today, DCW said that it has completed the refinancing of its debt with the issuance of NCDs (non-convertible debentures) amounting Rs 350 crore and OCDs (optionally convertible debentures) to be converted into equity within 18 months, amounting to Rs 60 crore. DCW said it will utilise the funds in refinancing the existing term loans and augment working capital. The company expects this fundraise to enhance capacity utilization, and meet increasing product demand. These NCD's carry a moratorium of 18 months and a tenure of six years. Commenting on the transaction Vimal Jain, CFO of DCW said, DCW saw strong investor interest for NCD and OCD and could manage this fundraise at favourable terms. Through these transactions, the company extended its debt stack maturities and added additional liquidity to the balance sheet. DCW's credit profile remains stable with positive bias. With the completion of this refinancing, the company has managed to enhance financial flexibility and is on a firmer footing to achieve long-term growth. DCW is a specialty chemical company, manufacturing PVC, C-PVC (chlorinated polyvinyl chloride), Caustic Soda, Soda Ash and Synthetic Iron Oxide Pigment (SIOP). The company posted a net profit of Rs 6.2 crore in Q3 FY21 as against a net loss of Rs 4.03 crore in Q3 FY20. Net sales grew by 23% year on year to Rs 386 crore in Q3 FY21.
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Prime Focus Ltd, Heranba Industries Ltd, Tasty Dairy Specialities Ltd and Magnum Ventures Ltd are among the other losers in the BSE's 'B' group today, 08 March 2021. BIGBLOC Construction Ltd tumbled 9.99% to Rs 124.8 at 13:47 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1707 shares were traded on the counter so far as against the average daily volumes of 5526 shares in the past one month. Prime Focus Ltd lost 7.52% to Rs 67.05. The stock was the second biggest loser in 'B' group.On the BSE, 5.44 lakh shares were traded on the counter so far as against the average daily volumes of 1.74 lakh shares in the past one month. Heranba Industries Ltd crashed 6.73% to Rs 757.6. The stock was the third biggest loser in 'B' group.On the BSE, 3.63 lakh shares were traded on the counter so far as against the average daily volumes of 17.15 lakh shares in the past one month. Tasty Dairy Specialities Ltd plummeted 6.61% to Rs 24. The stock was the fourth biggest loser in 'B' group.On the BSE, 10296 shares were traded on the counter so far as against the average daily volumes of 13187 shares in the past one month. Magnum Ventures Ltd corrected 6.48% to Rs 5.34. The stock was the fifth biggest loser in 'B' group.On the BSE, 8336 shares were traded on the counter so far as against the average daily volumes of 32767 shares in the past one month.
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CRISIL Ltd, Blue Dart Express Ltd, Dishman Carbogen Amcis Ltd, Natco Pharma Ltd are among the other stocks to see a surge in volumes on NSE today, 08 March 2021. IRB Infrastructure Developers Ltd saw volume of 155.61 lakh shares by 14:14 IST on NSE, a 10.05 fold spurt over two-week average daily volume of 15.48 lakh shares. The stock increased 11.42% to Rs.126.30. Volumes stood at 30.25 lakh shares in the last session. CRISIL Ltd notched up volume of 2.09 lakh shares by 14:14 IST on NSE, a 7.9 fold spurt over two-week average daily volume of 26485 shares. The stock slipped 0.20% to Rs.1,881.45. Volumes stood at 27206 shares in the last session. Blue Dart Express Ltd registered volume of 1.16 lakh shares by 14:14 IST on NSE, a 6.44 fold spurt over two-week average daily volume of 17982 shares. The stock rose 6.19% to Rs.5,100.00. Volumes stood at 47178 shares in the last session. Dishman Carbogen Amcis Ltd registered volume of 20.9 lakh shares by 14:14 IST on NSE, a 5.62 fold spurt over two-week average daily volume of 3.72 lakh shares. The stock rose 9.04% to Rs.129.05. Volumes stood at 4.82 lakh shares in the last session. Natco Pharma Ltd clocked volume of 15.72 lakh shares by 14:14 IST on NSE, a 4.17 times surge over two-week average daily volume of 3.77 lakh shares. The stock gained 3.03% to Rs.859.05. Volumes stood at 3.9 lakh shares in the last session.
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| The auto ancillary company in an exchange filing today said, These orders are spread across its domestic and international customers. The orders will be implemented over a period of five years starting from current fiscal year itself and major chunk of it distributed between 2023-2025. The order covers company's flagship products gaskets and forgings as well products from JVs Talbros Marugo Rubber and Magneti Marelli Talbros Chassis Systems. The company said it will be required to undertake a capex of approximately Rs 20 crore which along with existing facilities would be sufficient to execute these orders. Commenting on the order win, Navin Juneja, director and Group CFO of Talbros Automotive Components said, We continue building strong order book given our hedged product portfolio. These orders give us immense visibility for revenue and profitability in the coming financial years. Our technology spending and efficient utilization of our facilities is leading us to develop our business and we continue to expand domestically and internationally at this pace in the coming future. Talbros Automotive Components, the flagship manufacturing company of the Talbros Group, manufactures automotive & industrial gaskets in collaboration with Coopers Payen of UK. On a consolidated basis, the company's net profit jumped 144% to Rs 10.55 crore on a 35.7% rise in net sales to Rs 129.52 crore in Q3 FY21 over Q3 FY20.
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Among the components of the S&P BSE BANKEX index, IndusInd Bank Ltd (down 1.45%), Federal Bank Ltd (down 1.09%), ICICI Bank Ltd (down 1.08%), Kotak Mahindra Bank Ltd (down 0.89%), HDFC Bank Ltd (down 0.59%), and City Union Bank Ltd (down 0.12%), were the top losers. On the other hand, Bandhan Bank Ltd (up 1.62%), Axis Bank Ltd (up 1.5%), and State Bank of India (up 1.41%) turned up. At 13:48 IST, the S&P BSE Sensex was up 74.38 or 0.15% at 50479.7. The Nifty 50 index was up 26.05 points or 0.17% at 14964.15. The S&P BSE Small-Cap index was up 159.46 points or 0.76% at 21095.48. The S&P BSE 150 Midcap Index index was up 31.57 points or 0.46% at 6956.89. On BSE,1741 shares were trading in green, 1264 were trading in red and 211 were unchanged.
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Among the components of the S&P BSE Finance index, Dewan Housing Finance Corporation Ltd (down 4.84%), Muthoot Finance Ltd (down 2.35%),Bajaj Finance Ltd (down 2.06%),Equitas Holdings Ltd (down 2%),Shriram Transport Finance Company Ltd (down 1.71%), were the top losers. Among the other losers were Manappuram Finance Ltd (down 1.68%), Repco Home Finance Ltd (down 1.66%), CSB Bank Ltd (down 1.66%), BF Investment Ltd (down 1.61%), and Muthoot Capital Services Ltd (down 1.5%). On the other hand, Indian Overseas Bank (up 10%), Bank of Maharashtra (up 9.82%), and Bank of India (up 7.41%) turned up. At 13:48 IST, the S&P BSE Sensex was up 74.38 or 0.15% at 50479.7. The Nifty 50 index was up 26.05 points or 0.17% at 14964.15. The S&P BSE Small-Cap index was up 159.46 points or 0.76% at 21095.48. The S&P BSE 150 Midcap Index index was up 31.57 points or 0.46% at 6956.89. On BSE,1741 shares were trading in green, 1264 were trading in red and 211 were unchanged.
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Among the components of the S&P BSE Realty Index index, Indiabulls Real Estate Ltd (down 3.54%), Sunteck Realty Ltd (down 1.33%), Godrej Properties Ltd (down 1.09%), DLF Ltd (down 0.68%), Oberoi Realty Ltd (down 0.64%), and Phoenix Mills Ltd (down 0.35%), were the top losers. On the other hand, Mahindra Lifespace Developers Ltd (up 2.72%), Prestige Estates Projects Ltd (up 0.88%), and Sobha Ltd (up 0.81%) moved up. At 13:48 IST, the S&P BSE Sensex was up 74.38 or 0.15% at 50479.7. The Nifty 50 index was up 26.05 points or 0.17% at 14964.15. The S&P BSE Small-Cap index was up 159.46 points or 0.76% at 21095.48. The S&P BSE 150 Midcap Index index was up 31.57 points or 0.46% at 6956.89. On BSE,1741 shares were trading in green, 1264 were trading in red and 211 were unchanged.
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| In a regulatory filing during market hours today, SBI Cards said, A meeting of the board of directors of the company is scheduled to be held on Friday, 12 March 2021, to consider and approve raising of funds by way of issuance of Non-Convertible Debentures (NCDs), aggregating to Rs 2,000 crore in one or more tranches over a period of time. Last month, the credit card company informed that it has raised Rs 550 crore through issuing non-convertible debentures (NCDs) on a private placement basis. The NCDs were allotted on 23 February 2021 and they will mature on 23 February 2024. The tenure of investment is three years with a coupon rate of 5.9% per annum. Shares of SBI Cards were trading 1.2% higher at Rs 1071.15 on BSE. SBI Cards and Payment Services is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients. The company reported a 52% fall in net profit to Rs 210 crore on a 1% decline in net total income to Rs 2,540 crore in Q3 FY21 over Q3 FY20.
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The credit ratings agency said that it continues to take a consolidated view of Happiest Minds Technologies Limited's (HMTL) and its subsidiary, Happiest Minds Technologies LLC, to arrive at the ratings, as both the companies are engaged in the same line of business and have a common management. However, HMTL liquidated Happiest Minds Technologies LLC in May 2020 as the entire revenue has been booked in HMTL since FY20. The upgrade reflects a substantial increase in HMTL's operating EBITDA margins in 9MFY21, coupled with a healthy cash flow from operations and initial public offering (IPO) proceeds, leading to a significant improvement in the credit metrics and liquidity position. The positive outlook reflects India Ratings' expectation of a continued improvement in financial performance in in FY22; however, the EBITDA margins would marginally decline but would remain strong. The ratings agency further said that a significant improvement in the revenue, while maintaining the margins will lead to a positive rating action. However, a decline in the revenue, EBITDA margins or elongation of the net working capital cycle and/or significant debt-led acquisitions, leading to the net adjusted leverage exceeding 2x, on a sustained basis, would be negative for the ratings. Bengaluru-based Happiest Mind Technologies is an IT services provider. It leverages a spectrum of technologies such as: Big Data Analytics, AI & Cognitive Computing, Internet of Things, Cloud, Security, SDN-NFV, Blockchain, Automation including RPA, etc. The IT company's consolidated net profit rose 23.7% to Rs 42.15 crore on 5.47% increase in revenue to Rs 192.84 crore in Q3 December 2020 over Q2 September 2020. The scrip rose 0.52% to currently trade at Rs 538.65 on the BSE.
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The order is for company's recently launched MODEL DTX-260 (direct twisting + precision winding). The company had developed this model during the lockdown. Meera Industries said that there is a large global market for this type of model. This machine will be used for all kinds of industrial threads twisting and winding like woven sacks threads, fibc threads, cotton twine, pp tapes etc. So far this market is dominated by a very few producers world over. We are happy to make an entry into this segment and very satisfied with the early response. We are hopeful that gradually we will establish our name in this segment too, Meera Industries said in a statement. Meera Industries makes textile machinery. It exports its products to more than 20 countries in continents of USA, South Africa, Europe, Africa & Asia.
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| The company received approval for Bilastin tablets and Orzole combi. Both the products are manufactured at the company's Hyderabad-based facility that has been approved by PICS & Health Canada. Bilastin tablets (brand name Flustin) is a second-generation antihistamine used in treating allergic Rhino conjunctivitis and Urticaria (hives). Orzole combi (Ofloxacin + Ornidazole) is used in treating bacterial and parasitic infections. It is used to treat gastrointestinal infections such as acute diarrhoea or dysentery, gynaecological infections, lung infections and urinary infections. Ramesh Krishnamurthy, CEO of Vivimed Labs said: We are very excited to receive approval to Vivimed's own products. Vivimed strategy is to increase its share of Branded products in CIS Markets. Vivimed shall be launching these products in 2021. Our purpose is to offer innovative & top quality formulations at affordable prices. This approval is testimony to Vivimed's growth strategy. Vivimed Labs is a pharmaceutical and chemical products company. The company's segments include speciality chemicals and pharmaceuticals. On a consolidated basis, Vivimed Labs posted a net loss of Rs 49.55 crore in Q3 FY21 as against a net loss of Rs 32.07 crore in Q3 FY20. Net sales jumped 40.6% year on year to Rs 277.94 crore in Q3 FY21.
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Lambodhara Textiles Ltd, MEP Infrastructure Developers Ltd, S Chand & Company Ltd and Universal Cables Ltd are among the other gainers in the BSE's 'B' group today, 08 March 2021. Subex Ltd soared 19.97% to Rs 39.05 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 60.03 lakh shares were traded on the counter so far as against the average daily volumes of 15.53 lakh shares in the past one month. Lambodhara Textiles Ltd spiked 18.02% to Rs 66.8. The stock was the second biggest gainer in 'B' group. On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 23584 shares in the past one month. MEP Infrastructure Developers Ltd surged 17.90% to Rs 20.75. The stock was the third biggest gainer in 'B' group. On the BSE, 3.23 lakh shares were traded on the counter so far as against the average daily volumes of 90888 shares in the past one month. S Chand & Company Ltd gained 17.62% to Rs 108.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 1.05 lakh shares in the past one month. Universal Cables Ltd spurt 14.43% to Rs 157.4. The stock was the fifth biggest gainer in 'B' group. On the BSE, 47932 shares were traded on the counter so far as against the average daily volumes of 4535 shares in the past one month.
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Saregama India Ltd, IRB Infrastructure Developers Ltd, Hindustan Oil Exploration Company Ltd and Indian Overseas Bank are among the other gainers in the BSE's 'A' group today, 08 March 2021. BEML Ltd surged 19.03% to Rs 1394.9 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.62 lakh shares were traded on the counter so far as against the average daily volumes of 75957 shares in the past one month. Saregama India Ltd soared 14.50% to Rs 1404.1. The stock was the second biggest gainer in 'A' group. On the BSE, 41173 shares were traded on the counter so far as against the average daily volumes of 5003 shares in the past one month. IRB Infrastructure Developers Ltd spiked 13.57% to Rs 128.5. The stock was the third biggest gainer in 'A' group. On the BSE, 4.68 lakh shares were traded on the counter so far as against the average daily volumes of 67797 shares in the past one month. Hindustan Oil Exploration Company Ltd exploded 10.37% to Rs 112.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past one month. Indian Overseas Bank rose 10.00% to Rs 17.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 48.9 lakh shares were traded on the counter so far as against the average daily volumes of 62.31 lakh shares in the past one month.
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