Shasun Pharma rises on acquiring global rights of Ibuprofen 12 hour extended release OTC

Shasun Pharmaceuticals is currently trading at Rs. 129.70, up by 1.95 points or 1.53% from its previous closing of Rs. 127.75 on the BSE. The scrip opened at Rs. 129.40 and has touched a high and low of Rs. 133.45 and Rs. 125.25 respectively. So far 471078 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 138.70 on 28-Apr-2014 and a 52 week low of Rs. 45.60 on 26-Jun-2013. Last one week high and low of the scrip stood at Rs. 138.70 and Rs. 114.00 respectively. The current market cap of the company is Rs. 736.11 crore. The promoters holding in the company stood at 41.97% while Institutions and Non-Institutions held 16.41% and 41.63% respectively. Shasun Pharmaceuticals, Chennai, India an integrated pharmaceutical company through its wholly owned subsidiary, SVADS Holdings, Switzerland (SVADS) has acquired the global rights from ScolrPharma, USA (Scolr), to develop and commercialize Ibuprofen 12 hour Extended Release OTC tablets (Asset) as well as the associated Controlled Release Technology (CDT) along with global rights of Nuprin trademark, a well known brand in Analgesics. The Asset, having completed a successful Phase III in the US is a differentiated long acting NSAIDS in the Multi Billion Dollar global OTC analgesic market. Shasun is the world's leading, vertically integrated manufacturer of Ibuprofen and its Derivatives, from actives to formulated packaged products for both the Rx and OTC markets. This acquisition complements Shasun's strategy to expand its range of NSAIDS products through novel, safe and efficacious delivery technologies including transdermal applications across its Ibuprofen franchise. Shasun Pharmaceuticals manufactures active pharmaceutical ingredients (APIs), their intermediates and enteric coating excipients with a significant presence in some key generics. Shasun has created a strong product portfolio, building on its R&D Expertise, regulatory capabilities and multi scale production capacities. It is one of the largest producers of Ibuprofen worldwide.

NMDC reports 22% growth in April sales

NMDC has reported 22.22% growth in April sales at 2.97 million tonnes as compared to 2.43 million tonnes in April 2013. The company’s April production stood at 2.44 million tonnes same as compared to corresponding month of the previous year.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

Nickel futures decline on profit booking

Nickel futures declined on MCX as speculators booked profits at prevailing higher levels after demand declined from alloy-makers in the spot market. Besides, weakening trend in the copper and other base metals at the London Metal Exchange also dampened the sentiments. The contract for May delivery was trading at Rs 1094.90, down by 0.57% or Rs 6.30 from its previous closing of Rs 1101.20. The open interest of the contract stood at 9927.00 lots. The contract for June delivery was trading at Rs 1100.40, down by 0.51% or Rs 5.60 from its previous closing of Rs 1106.00. The open interest of the contract stood at 434.00 lots on MCX.

M&M’s arm SsangYong Motor's sales rise 8% in April 2014

Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 13,634 units in April 2014 - 6,010 units in domestic sales and 7,624 in exports, including CKD kits. Its sales in April increased by 8.1% year-on-year and 14.7% on an accumulated basis, posting sales uptrend for the first four months of this year and exceeding 13,000 units following March. The domestic sales reached 6,000 units for the first time this year with an increase of 17.5% over the same month last year, backed by continuous sales growth of the main models. In particular, sales of the New Korando C and Rexwon W rose by over 15% from the previous year while the Korando Sports led sales momentum showing over 40% increase year-on-year. The company’s exports also grew by 1.8%, exceeding 7,000 units for the second straight month and maintaining a sales uptrend since January this year. It was attributed to receiving favorable response to the New Korando C in the global market and exploring new markets aggressively. Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Axis Bank trades in the green on the BSE

Axis Bank is currently trading at Rs. 1559.70, up by 29.25 points or 1.91% from its previous closing of Rs. 1530.45 on the BSE. The scrip opened at Rs. 1532.10 and has touched a high and low of Rs. 1561.90 and Rs. 1521.20 respectively. So far 84959 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1555.00 on 28-Apr-2014 and a 52 week low of Rs. 764.00 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 1555.00 and Rs. 1500.60 respectively. The current market cap of the company is Rs. 72997.55 crore. The promoters holding in the company stood at 29.54% while Institutions and Non-Institutions held 58.81% and 8.39% respectively. The bank has reported a rise of 18.47% in its net profit after tax at Rs 1842.32 crore for the quarter ended March 31, 2014 as compared to Rs 1555.15 crore for the same quarter in the previous year. Total income of the bank has increased by 12.41% at Rs 10178.63 crore for quarter under review as compared to Rs 9054.72 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a rise of 20.05% in its net profit after tax at Rs 6217.67 crore as compared to Rs 5179.43 crore for FY13. Total income has increased by 12.78% at Rs 38046.38 crore for year under review as compared to Rs 33733.68 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the group has posted a rise of 20.54% in its net profit after tax, minority interest and share of profit / (loss) of associate at Rs 6310.12 crore as compared to Rs 5234.76 crore in FY13. Total income of the bank has increased by 13.13% at Rs 38502.21 crore for year under review as compared to Rs 34034.78 crore for the year ended March 31, 2013.

Bond yields recede tracing surge of US bonds and lower brent crude prices

Bond yields were trading lower on the back of surge of US counterparts and lower Brent crude prices. Traders will now eye the services PMI and rupee movement for intra-day cues. On the currency front, Indian rupee, extending its strength to third consecutive session, was trading near 60/$ level tailing the recovery of local equity markets after five session of fall. Besides, dollar selling by exporters and banks and increased capital inflows also aided the sentiment of Indian currency. On the global front, yields on US 30-year bonds dropped to their lowest in more than 10 months on Friday, falling for a fourth straight session as concerns about Russia and Ukraine overshadowed an upbeat US employment. Meanwhile, Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector contracted for a fourth consecutive month in April, although increasing tension in Ukraine prevented further losses. Back home, the yields on new 10 year Government Stock 2023 were trading 3 basis points lower at 8.78% from its previous close of 8.81% on Friday. The benchmark five-year interest rate swaps was trading 1 basis point lower at 8.32% from its previous close of 8.33% on Friday. The Reserve Bank of India has announced the auction of 91 and 182 days Government of India Treasury Bills for notified amount of Rs 9,000 crore and Rs 6000 crore respectively . The auction will be conducted on May 7, 2014 using 'Multiple Price Auction' method.

Gold future rise on MCX

Gold future traded up on MCX as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market as rising tensions in Ukraine boosted the yellow metal’s safe haven demand. The contract for June delivery was trading at Rs 28900.00, up by 0.10% or Rs 29.00 from its previous closing of Rs 28871.00. The open interest of the contract stood at 10347.00 lots. The contract for August delivery was trading at Rs 28259.00, up by 0.17% or Rs 49.00 from its previous closing of Rs 28210.00. The open interest of the contract stood at 2648.00 lots on MCX.

TVS Motor Company launches stylish TVS StaR City+

TVS Motor Company has launched its all-new commuter motorcycle, TVS StaR City+ which is an ideal combination of modern styling, superior engine performance and class leading comfort. This all-new motorcycle, which comes with a host of first-time features, builds on the legacy of the TVS StaR brand, which has more than 4.5 million customers across the country. Derived from the 'Ecothrust' engine of TVS Phoenix, the 109.7cc power mill of TVS StaR City+ provides an ideal combination of smooth performance, power and fuel economy. This all new engine delivers better pickup and acceleration and is high in durability. New urban styling and vibrant new graphics add to the visual appeal of TVS StaR City+. Elegant honeycomb textured side panel grills add finesse to the styling of the motorcycle while streamlining air. A stylish crown visor and trendy rear view mirrors add flamboyance to the motorcycle. A premium Stainless steel muffler complements the bike's silver shock absorbers and its sporty aluminum grab rail. Black alloy wheels, premium three dimension emblems and stylish flashy tail lamp add flair to the motorcycle. The overall chiseled and muscular 'flow motion styling' gives the TVS StaR City+ a distinct road presence. TVS Motor Company is the flagship of the $6 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.

Aarti Drugs commences new R&D center at MIDC Tarapur

Aarti Drugs has commenced the new R&D center at MIDC Tarapur. Earlier, on September 26, 2013  US health regulator had issued a warning letter to company's Maharashtra facilities .The investigators of the US Food and Drug Administration had identified significant violations of current good manufacturing practice (CGMP) regulations for finished pharmaceuticals and active pharmaceutical ingredients at the companies Maharashtra facilities.

Aarti Drugs (ADL) is engaged in the business of manufacturing generic bulk actives, advanced intermediates and specialty chemicals. The company is part of $265 million Aarti Group of Industries.

Call rates surge with start of fresh reporting fortnight

Interbank call rates were trading higher at 8.20/8.25% versus Friday's close of 7.40/7.50% as demand remained higher at the start of fresh reporting fortnight. The rates are expected to remain around these levels for the week as banks usually prefer to borrow their fortnightly requirements in the first half of reporting cycle, in order to avoid volatility of rates going further. Nevertheless, the prevailing comfortable liquidity situation may prevent further uptrend of call rates after RBI’s just concluded 7 day and 14 days term repo auction held on May 2, 2014 was oversubscribed. Bids worth Rs 20725 crore and worth Rs 77102 crore were received for 7 days and 14 term repo auction were received against notified amount of Rs 15,000 crore and Rs 60,000 crore respectively. The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 16050 crore through repo auction on May 05, 2014. It borrowed Rs 6305 crore via repo window and parked Rs 11620 crore via reverse repo window on May 2, 2014. The overnight borrowing rates touched a high and low of 8.35% and 8.10% respectively. According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 8.35% on Monday and total volume stood at Rs 29709.76 crore, so far. As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was at 8.17% on Monday and total volume stood at Rs 26795.25 crore, so far. The indicative call rates which closed 7.40/7.50% on Friday were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far.

Cotton futures rise on increase in demand

Cotton futures traded higher on MCX on account of increased demand at the spot market along with expectations of higher exports. Moreover, decline in arrivals also influenced the cotton price in the future trade. The contract for May delivery was trading at Rs 21390.00, up by 0.47% or Rs 100.00 from its previous closing of Rs 21290.00. The open interest of the contract stood at 5981.00 lots. The contract for June delivery was trading at Rs 21660.00, up by 0.37% or Rs 80.00 from its previous closing of Rs 21580.00. The open interest of the contract stood at 2566.00 lots on MCX.

Crude palm oil futures trade higher on rising demand

Crude palm oil futures edged higher as speculators enlarged positions, driven by rising demand in the spot market against tight supply from the major producing belts. However, decline in comparative vegetable oil prices capped some gains in crude palm oil prices to some extent. The contract for May delivery was trading at Rs 557.40, up by 0.14% or Rs 0.80 from its previous closing of Rs 556.60. The open interest of the contract stood at 3000 lots. The contract for June delivery was trading at Rs 553.50, up by 0.29% or Rs 1.60 from its previous closing of Rs 551.90. The open interest of the contract stood at 1723 lots on MCX.

Rupee extends appreciating streak for fourth straight session on Monday

Indian rupee, extending its gaining streak for the fourth straight day, was trading stronger against dollar on Monday tailing the recovery of local equity markets after five days of fall. Besides, gains of other Asian currencies, including that of Japanese yen, South Korean won, Malaysian ringgit, Thai baht  and Philippines peso, also pumped some strength into local unit, which after getting a positive start, appreciated further. On the global front, dollar got off to a cautious start on Monday having staged a curious reversal late last week that saw it erase all the gains sparked by a strong payrolls report. Data on Friday showed US employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a severe winter.

The partially convertible currency is currently trading at 60.08, stronger by 7 paise from its previous close of 60.15 on Friday. The currency touched a high and low of 60.11 and 60.00 respectively.  The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.22 and for Euro stood at 83.45 on May 02, 2014. While, the RBI’s reference rate for the Yen stood at 58.77, the reference rate for the Great Britain Pound (GBP) stood at 101.6839. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Muthoot Finance successfully completes its Institutional Placement Program

Muthoot Finance, India’s largest gold loan company and the flagship company of Muthoot Group has successfully concluded its Institutional Placement Program (IPP) as per the SEBI guidelines to comply with the regulatory norms for minimum public shareholding of 25%. Under the IPP, the offer was made only to Qualified Institutional Buyers. The company had done an Initial Public Offering of its equity shares in April 2011 and listed the shares on stock exchanges on May 6, 2011. The public shareholding as on that date stood at 19.88% and the SEBI Guidelines stipulated that this should be increased to 25% within 3 years from the date of listing. Under IPP, the company offered fresh 25,351,062 equity shares of Rs 10 each. The issue opened and closed on April 25, 2014. The issue was made under the book building route with a price band of Rs 155 to Rs 165 per equity share. The issue was oversubscribed 1.80 times at the upper end of the price band for a total bid amount of Rs 754.64 crore. The company decided to allot shares at the upper end of the price band at Rs 165 per share. Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

Talwalkars Better Value Fitness trades higher on the bourses

Talwalkars Better Value Fitness is currently trading at Rs. 175.15, up by 5.45 points or 3.21% from its previous closing of Rs. 169.70 on the BSE. The scrip opened at Rs. 171.35 and has touched a high and low of Rs. 177.80 and Rs. 171.35 respectively. So far 15707 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.00 on 27-Mar-2014 and a 52 week low of Rs. 110.00 on 30-Aug-2013. Last one week high and low of the scrip stood at Rs. 178.00 and Rs. 168.10 respectively. The current market cap of the company is Rs. 455.55 crore. The promoters holding in the company stood at 54.78%, while Institutions and Non-Institutions held 18.09% and 27.13% respectively. Talwalkars Better Value Fitness, India’s largest fitness chain has reached the significant number of 150th gym with the opening of its Vile Parle branch in Mumbai on the auspicious occasion of Akshaya Tritiya on May 02, 2014. In fiscal 2013-14, 14 new health clubs have come up across the country. The brand ‘Talwalkars’ has been in an aggressive expansion mode since its IPO in May 2010. Over the past years, cities as diverse and spread out as Aligarh, Aurangabad, Bareilly, Bhavnagar, Bhopal, Dehradun, Jamshedpur, Hubli, Kolhapur, Kolkata, Nashik, Moradabad, Panchkula, Sangli, Surat, Solapur, Rajkot, Ranchi etc have been covered. Talwalkars Better Value Fitness is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand ‘Talwalkars’.

Karnataka Bank conducts business correspondent convention & workshop at Shimoga

As part of its financial inclusion programme, Mangalore-based private sector Karnataka Bank has conducted its First Business Correspondents Convention and Workshop for its Business Correspondents, at Shimoga on April 28, 2014. The Convention saw the participation from the representatives of BASIX SubK iTransactions and Integra Microsystems, the service providers for the Bank along with Banks 45 Business Correspondents engaged by the service providers on behalf of the Bank in the Districts of Tumkur, Mysore, Shimoga, Chitradurga, Chikmagalur and Davangere. Karnataka Bank reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.

Sugar future trade lower on ample supply

Sugar future traded down on NCDEX due to lower demand from stockiest and retailers amidst ample supplies. Further, offloading of positions by participants, against adequate stocks position but expectations of fall in output, limited the fall. The contract for May delivery was trading at Rs 3165.00, down by 1.25% or Rs 40.00 from its previous closing of Rs 3205.00. The open interest of the contract stood at 64150.00 lots. The contract for June delivery was trading at Rs 3135.00, down by 1.29% or Rs 41.00 from its previous closing of Rs 3176.00. The open interest of the contract stood at 31750.00 lots on NCDEX.

JSPL shines on hiking TMT bars’ prices by Rs 800-1000/ tonne

Jindal Steel & Power (JSPL) is currently trading at Rs. 243.40, up by 4.50 points or 1.88 % from its previous closing of Rs. 238.90 on the BSE. The scrip opened at Rs. 240.75 and has touched a high and low of Rs. 245.40 and Rs. 239.65 respectively. So far 115560 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 338.40 on 08-May-2013 and a 52 week low of Rs. 181.55 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 278.90 and Rs. 237.30 respectively. The current market cap of the company is Rs. 22350.66 crore. The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 26.45% and 13.14% respectively. Jindal Steel & Power (JSPL) has hiked TMT bars’ prices by Rs 800-1000/ tonne for May. Moreover, the company has kept other long and flat products' prices unchanged. Recently, the company posted a fall of 9.76% in its net profit at Rs 430.83 crore for the quarter ended March 31, 2014 as compared to Rs 477.45 crore for the same quarter in the previous year. Total income of the company decreased by 12.15% to Rs 3820.56 crore for quarter under review as compared to Rs 4349.45 crore for the quarter ended March 31, 2013. JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

ICICI Prudential MF declares dividend under FMP -Series 57 - 3 Years Plan C

ICICI Prudential (MF) has declared dividend under ICICI Prudential Fixed Maturity Plan -Series 57 - 3 Years Plan C - Dividend. The record date for dividend is May 09, 2014. The amount of dividend will be Rs 0.05 per unit on the face value of Rs 10 per unit. The investment objective of the Plan under the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plan under the Scheme. However, there can be no assurance that the investment objective of the Plan under the Scheme will be realized.

Jeera future extend gains on export demand

Jeera future traded up on NCDEX due to fall in supplies from producing belts, against buying support from stockists due to rising export demand. However, expectations of higher output restricted the gains. The contract for May delivery was trading at Rs 10545.00, up by 0.86% or Rs 90.00 from its previous closing of Rs 10455.00. The open interest of the contract stood at 6657.00 lots. The contract for June delivery was trading at Rs 10675.00, up by 0.85% or Rs 90.00 from its previous closing of Rs 10585.00. The open interest of the contract stood at 4755.00 lots on NCDEX.

IBHFL firms up on plans of fund raising

Indiabulls Housing Finance is currently trading at Rs 302.60, up by 4.00 points or 1.34% from its previous closing of Rs 298.60 on the BSE. The scrip opened at Rs 300.00 and has touched a high and low of Rs 304.10 and Rs 299.55 respectively. So far 8003 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 318.30 on 29-Apr-2014 and a 52 week low of Rs. 166.00 on 25-Sep-2013. Last one week high and low of the scrip stood at Rs 318.30 and Rs 270.00 respectively. The current market cap of the company is Rs 10,119 crore. The promoters holding in the company stood at 41.81%, while Institutions and Non-Institutions held 41.68% and 16.51 % respectively. Indiabulls Housing Finance (IBHFL) is reportedly planning to raise Rs 4,500 crore through bond issues in 2014-15. In 2013-14, it raised Rs 10,525 crore through the bond issuance route, which contributed to 26% of the incremental borrowing done by the company. The company is well capitalised with a capital adequacy ratio of over 19% and will not be having any requirements during the fiscal. Further, the company notched a growth of 24% in the post tax net at Rs 1,568.5 crore for FY14, with the last quarter coming in 23% higher at Rs 451.5 crore. It registered a loan growth of 20% during the fiscal. Indiabulls Finance Company is a Non-Deposit taking NBFC, registered with and regulated by RBI. IBHFL, along with its subsidiary IICL, will continue to focus on asset classes such as mortgages, commercial credit and commercial vehicle loans.

JSPL hikes TMT bars’ prices by Rs 800-1000/ tonne

Jindal Steel & Power (JSPL) has hiked TMT bars’ prices by Rs 800-1000/ tonne for May. Moreover, the company has kept other long and flat products' prices unchanged. Recently, the company posted a fall of 9.76% in its net profit at Rs 430.83 crore for the quarter ended March 31, 2014 as compared to Rs 477.45 crore for the same quarter in the previous year. Total income of the company decreased by 12.15% to Rs 3820.56 crore for quarter under review as compared to Rs 4349.45 crore for the quarter ended March 31, 2013. JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

Indiabulls Housing to raise Rs 4,500 crore via bond issues in 2014-15

Indiabulls Housing Finance (IBHFL) is reportedly planning to raise Rs 4,500 crore through bond issues in 2014-15. In 2013-14, it raised Rs 10,525 crore through the bond issuance route, which contributed to 26% of the incremental borrowing done by the company. The company is well capitalised with a capital adequacy ratio of over 19% and will not be having any requirements during the fiscal. Further, the company notched a growth of 24% in the post tax net at Rs 1,568.5 crore for FY14, with the last quarter coming in 23% higher at Rs 451.5 crore. It registered a loan growth of 20% during the fiscal. Indiabulls Finance Company is a Non-Deposit taking NBFC, registered with and regulated by RBI. IBHFL, along with its subsidiary IICL, will continue to focus on asset classes such as mortgages, commercial credit and commercial vehicle loans.

Richa Inds spurts on diversifying into the area of turnkey solutions

Richa Industries is currently trading at Rs. 21.70, up by 0.60 points or 2.84 % from its previous closing of Rs. 21.10 on the BSE. The scrip opened at Rs. 21.90 and has touched a high and low of Rs. 21.90 and Rs. 20.75 respectively. So far 8003 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.95 on 07-Nov-2013 and a 52 week low of Rs. 13.30 on 27-May-2013. Last one week high and low of the scrip stood at Rs. 22.40 and Rs. 19.95 respectively. The current market cap of the company is Rs. 48.42 crore. The promoters holding in the company stood at 57.38%, while Non-Institutions held 42.62% of the stake. Richa Industries has diversified in the area of taking Turnkey solutions for Pre-Engineered Steel Building (PEB) with a vision to offer cost effective, high quality and high tech building solutions. The objective of this division is to provide the total Turnkey Project Solution i.e PEB-Civil combination, providing the need Of Structure and Super Structure including all activities beginning with Land Mapping & Survey up to complete interiors of office building & Land scaping. This facility will enable the customer to off -load the entire responsibility of completing the project to Richa for completion in a time-bound manner. Richa Industries is an established ISO 9001:2008 certified Conglomerate Company, ranked 208 in India Inc, top 500 best mid-size companies, operational in Textile and Pre- engineered Building (PER) sectors.

Mentha Oil futures trade higher on MCX

Mentha Oil futures traded up on MCX as speculators created fresh positions driven by pick-up in spot demand from consuming industries. Further, bargain buying at lower levels on the account of weak sowing progress in local mandies along with strong export demand too supported mentha oil prices uptrend.

The contract for May delivery was trading at Rs 834.80, up by 0.14% or Rs 1.20 from its previous closing of Rs 833.60. The open interest of the contract stood at 3756 lots.

The contract for June delivery was trading at Rs 843.10, up by 0.02% or Rs 0.20 from its previous closing of Rs 842.90. The open interest of the contract stood at 1006 lots on MCX.

Bharti Airtel resumes 3G services in eight circles

Bharti Airtel has resumed its 3G services in eight circles after telecom tribunal TDSAT upheld their plea to provide 3G intra-circle roaming services. The service provider said 3G roaming services would now be available in Haryana, Maharashtra, Goa, Kerala, MPCG (Madhya Pradesh, Chhatisgarh), Gujarat, Kolkata and UP (east) from May 5, 2014.

Prepaid customers in Kolkata can start enjoying 3G roaming right away on Airtel by selecting from 5 packs, while postpaid customers will be able to avail the 3G roaming services soon.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Godrej Properties reports 77% rise in sales bookings in Q4

Godrej Properties has reported 77% rise in its sales bookings to Rs 1,066 crore in the fourth quarter of the last fiscal despite market slowdown as against sales bookings of Rs 601 crore in the January-March quarter of 2012-13.

The company’s sales bookings more than doubled in volume terms to 13.43 lakh sq ft during January-March quarter of last fiscal as against 6.36 lakh sq ft in the same period of 2012-13.

For the entire 2013-14 fiscal, however, the bookings declined by 12% in value terms and 27% volume- wise compared with the previous financial year.

SAIL trades higher on reporting 14% growth in sales in month of April

Steel Authority of India (SAIL) is currently trading at Rs. 66.90, up by 0.55 points or 0.83% from its previous closing of Rs. 66.35 on the BSE. The scrip opened at Rs. 66.40 and has touched a high and low of Rs. 67.35 and Rs. 66.00 respectively. So far 1,00,998 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.90 on 10-Apr-2014 and a 52 week low of Rs. 37.65 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 72.45 and Rs. 65.20 respectively. The current market cap of the company is Rs. 27467.99 crore. The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.79% and 3.20% respectively. SAIL has registered a growth of 14% in sales in the month of April 2014, with 8.1 lakh tonnes (LT) sales, including 66% increase in exports as compared to April 2013. The hot metal production stood at 1.22 million tonnes (MT) was up by 6 % and crude steel production at 1.14 MT was up by 4 % over SMLY. The company expects that it will attain a double-digit growth level both in production and sales in 2014-15 and will play a key role in India becoming the 2nd largest steel producing country in the world in coming years. SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Coriander futures trade higher on pick-up demand

Coriander future traded up on NCDEX as speculators enlarged their positions, following a pick-up in spot demand. Moreover, buying support from retailers and stockiest against tight stocks due to fall in supplies from producing belts pushed up coriander prices in future trade.

The contract for May delivery was trading at Rs 9434.00, up by 0.16% or Rs 15.00 from its previous closing of Rs 9419.00. The open interest of the contract stood at 26520.00 lots.

The contract for June delivery was trading at Rs 9689.00, up by 0.37% or Rs 36.00 from its previous closing of Rs 9653.00. The open interest of the contract stood at 37560.00 lots on NCDEX.

Cardamom futures edge lower on subdued demand

Cardamom futures traded lower on MCX as speculators reduced their positions due to subdued demand in the spot market. Further, ample stocks availability in the physical market on higher supplies from the major producing belts too put pressure on the cardamom prices. The contract for May delivery was trading at Rs 984.00/Kg, down by 0.49% or Rs 4.80 from its previous closing of Rs 988.80/Kg. The open interest of the contract stood at 1942 lots. The contract for June delivery was trading at Rs 976.00/Kg, down by 0.33% or Rs 3.20 from its previous closing of Rs 979.20/Kg. The open interest of the contract stood at 1994 lots on MCX.

Haryana procures about 58.89 lakh MT of wheat so far

During the current procurement season, about 58.89 lakh tonnes (LT) of wheat has so far arrived in various mandis of Haryana state and the government agencies have so far procured 58.87 LT of wheat. HAFED has purchased highest 22.16 LT of wheat followed by 16.63 LT purchased by Food and Supplies Department. Similarly, Agro Industries Corporation has purchased 5.28 LT, Haryana Warehousing Corporation 5.90 LT, CONFED 1.43 LT and Food Corporation of India 7.44 LT this procurement season. Sirsa is ahead of other districts in procurement of wheat this season where 7.88 LT of wheat has arrived in the mandis, followed by Karnal at 6.31 LT. Farmers have been asked to bring dry and properly cleaned wheat in the mandis so that they might not face any difficulty while selling their produce.

Godrej Properties reports 77% rise in sales bookings in Q4

Godrej Properties has reported 77% rise in its sales bookings to Rs 1,066 crore in the fourth quarter of the last fiscal despite market slowdown as against sales bookings of Rs 601 crore in the January-March quarter of 2012-13. The company’s sales bookings more than doubled in volume terms to 13.43 lakh sq ft during January-March quarter of last fiscal as against 6.36 lakh sq ft in the same period of 2012-13. For the entire 2013-14 fiscal, however, the bookings declined by 12% in value terms and 27% volume- wise compared with the previous financial year.

Kanoria Chemicals surges on receiving certificate of appreciation

Kanoria Chemicals & Industries is currently trading at Rs. 32.35, up by 0.45 points or 1.41% from its previous closing of Rs. 31.90 on the BSE. The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 32.90 and Rs. 32.00 respectively. So far 2071 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 35.00 on 30-Apr-2014 and a 52 week low of Rs. 22.70 on 20-Dec-2013. Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 31.60 respectively. The current market cap of the company is Rs. 143.75 crore. The promoters holding in the company stood at 74.43% while Institutions and Non-Institutions held 5.64% and 19.93% respectively. Kanoria Chemicals & Industries’ Visakhapatnam division has been awarded Certificate of Appreciation by the National Safety Council, Andhra Pradesh Chapter, on the occasion of the World Day for Safety and Health at work on April 28, 2014, in recognition of efforts of the management, staff and workers in achieving Occupational Health and Safety Assessment Series-OHSAS:18001:2007 Certification. Kanoria Chemicals & Industries is a certified leading manufacturer of chemical intermediates in India. It manufactures Chlor-Alkalis, Chlorine derivatives and water treatment chemicals.

Shalimar Paints strengthens on expansion plan

Shalimar Paints is currently trading at Rs. 84.00, up by 0.75 points or 0.90% from its previous closing of Rs. 83.25 on the BSE. The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 84.00 and Rs. 84.00 respectively. So far 25 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.80 on 09-May-2013 and a 52 week low of Rs. 48.95 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 84.60 and Rs. 80.00 respectively. The promoters holding in the company stood at 62.36% while Institutions and Non-Institutions held 3.21% and 34.43% respectively. Shalimar Paints is on a major expansion and diversification drive. The 112-year-old paint-maker, which has a dominant market share in paints for industrial applications, plans to give special thrust to consumer products and step up its retail presence with a new brand. In this regard, the company will commission Rs 55-crore plant near Chennai later this year. Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.

Copper futures decline on Monday

Copper futures declined on Monday after the report of decline Chinese manufacturing .Fed’s decision to further trim its stimulus program too was weighing down the prices of red metal. However, tight supply in China and on hopes of the US economy gaining speed and steady local demand, capped some losses to some extent.

Copper futures for May delivery edged down 0.29% at $3.061 a pound on the Comex metals division of New York Mercantile Exchange.

CARE assigns ratings to Oriental Hotels’ bank facilities

Credit rating agency, CARE has assigned ‘A+’ rating to Oriental Hotels’ long term bank facilities worth Rs 100 crore. The rating assigned to bank facilities of Oriental Hotels (OHL) derives strength from the longstanding track record of operations of the company with two well-established properties in Chennai, benefits derived from being part of the Taj group including the synergy of operations with the Indian Hotels Company (IHCL) & its associates and demonstrated funding support from the group.

Oriental Hotels (OHL) is a Taj group hotel arm. The Group’s principal activities are to own and operate hotels and restaurants.

ABB India inches up on reporting 20% jump in Q1 net profit

ABB India is currently trading at Rs. 835.00, up by 0.30 points or 0.12% from its previous closing of Rs. 834.70 on the BSE. The scrip opened at Rs. 839.90 and has touched a high and low of Rs. 850.75 and Rs. 827.65 respectively. So far 12494 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 869.90 on 02-Apr-2014 and a 52 week low of Rs. 448.10 on 30-Aug-2013. Last one week high and low of the scrip stood at Rs. 860.05 and Rs. 811.00 respectively. The current market cap of the company is Rs. 17659.38 crore. The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.60% and 8.40% respectively. The company has posted a rise of 20.01% in its net profit at Rs 51.68 crore for the quarter ended March 31, 2014 as compared to Rs 43.06 crore for the same quarter in the previous year. However, total income of the company has decreased by 7.75% at Rs 1828.84 crore for quarter under review as compared to Rs 1982.61 crore for the quarter ended March 31, 2013. ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.

Cummins INC sells 32.21 lakh shares of KPIT Technologies

Cummins INC has sold 32.21 lakh shares of KPIT Technologies through the open market route. The shares were sold on an average price of Rs 170 valuing the transaction to Rs 54.77 crore. On the other hand, Apax Partners Europe Managers A/C PCV LUX SCA has bought 32.58 lakh shares in the company for an average price of Rs 169.99, through open market route valuing the transaction at Rs 55.39 crore. KPIT Technologies is one of the fastest growing global product engineering and IT consulting partners, focused on co-innovating domain intensive technology solutions for automotive & transportation, manufacturing and energy & utilities corporations.

Deepak Fertilizers gains on upping ante for Mangalore Chemicals

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 134.85, up by 0.45 points or 0.33% from its previous closing of Rs. 134.40 on the BSE. The scrip opened at Rs. 135.05 and has touched a high and low of Rs. 137.25 and Rs. 134.85 respectively. So far 5802 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.90 on 30-Apr-2014 and a 52 week low of Rs. 81.20 on 01-Aug-2013. Last one week high and low of the scrip stood at Rs. 135.90 and Rs. 125.50 respectively. The current market cap of the company is Rs. 1193.85 crore. The promoters holding in the company stood at 45.46 % while Institutions and Non-Institutions held 17.33 % and 37.20 % respectively. Deepak Fertilisers & Petrochemicals has raised the open offer price to Rs 63 per share, aggregating Rs 194.12 crore, for acquiring another 26 per cent stake in Vijay Mallya-promoted Mangalore Chemicals and Fertilizers (MCFL). Earlier as on April 23, 2014, company’s - wholly owned subsidiary - SCM Soilfert (SSL), had acquired 10,01,309 equity shares of face value of Rs 10 each representing 0.84% of share capital of MCFL. Consequent to the said purchase, SSL now holds 2,99,92,459 equity shares i.e. 25.31% in MCFL. Deepak Fertilisers & Petrochemicals is one of the leading manufacturers of industrial chemicals and fertilisers in India. The company operates in three business segments - chemicals, fertilisers and real estate.

Finance Ministry allays fears of US stimulus withdrawal on FDI

In an attempt to allay fears that FDI inflow would be reversed with the withdrawal of the Quantitative Easing (QE) measures in the USA, a Finance Ministry report has highlighted that India still remains an attractive destination on its own and was the third most preferred nation for FDI since 2010. The report by the finance ministry further pointed that notable liberalizations in FDI policy and several sectors, a globally competitive workforce, a rapid GDP growth rate and rapidly growing market were the growth drivers for FDI in the country. It added that India’s attractiveness on its own merits was announced by the astonishing growth rate of 9.3% in the year just next to 2009, the year of the global meltdown. The US Fed had been buying bonds worth $80 billion a month to stimulate the American economy after the 2009 global financial crisis. It has now started reducing the amount in a phased manner prompting concerns that the move will curtail investments into countries like India. Though, global capital markets and international currencies in several countries, including India, witnessed knee-jerk reactions after news of QE being trimmed by the US Federal Reserve first surfaced last year, after that some sense of stability has been regained. FDI into India, estimated as the sum total of equity inflows, reinvested earnings and other capital, was $46.55 billion in 2011-12 and $34.29 billion in the following fiscal. In 2013-14, the inflows stood at $28.8 billion for the period of April-January.

Shalimar Paints is on expansion spree

Shalimar Paints is on a major expansion and diversification drive. The 112-year-old paint-maker, which has a dominant market share in paints for industrial applications, plans to give special thrust to consumer products and step up its retail presence with a new brand. In this regard, the company will commission Rs 55-crore plant near Chennai later this year.

Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.

ABB India reports 20% jump in Q1 net profit

ABB India has reported results for the first quarter ended March 31, 2014 The company has posted a rise of 20.01% in its net profit at Rs 51.68 crore for the quarter ended March 31, 2014 as compared to Rs 43.06 crore for the same quarter in the previous year. However, total income of the company has decreased by 7.75% at Rs 1828.84 crore for quarter under review as compared to Rs 1982.61 crore for the quarter ended March 31, 2013. ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.

SAIL reports 14% growth in sales in month of April

Steel Authority of India (SAIL) has registered a growth of 14% in sales in the month of April 2014, with 8.1 lakh tonnes (LT) sales, including 66% increase in exports as compared to April 2013. The hot metal production stood at 1.22 million tonnes (MT) was up by 6 % and crude steel production at 1.14 MT was up by 4 % over SMLY. The company expects that it will attain a double-digit growth level both in production and sales in 2014-15 and will play a key role in India becoming the 2nd largest steel producing country in the world in coming years. SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Richa Industries diversifies in Turnkey Solution for PEB Steel Structured Buildings

Richa Industries has diversified in the area of taking Turnkey solutions for Pre-Engineered Steel Building (PEB) with a vision to offer cost effective, high quality and high tech building solutions. The objective of this division is to provide the total Turnkey Project Solution i.e PEB-Civil combination, providing the need Of Structure and Super Structure including all activities beginning with Land Mapping & Survey up to complete interiors of office building & Land scaping. This facility will enable the customer to off -load the entire responsibility of completing the project to Richa for completion in a time-bound manner. Richa Industries is an established ISO 9001:2008 certified Conglomerate Company, ranked 208 in India Inc, top 500 best mid-size companies, operational in Textile and Pre- engineered Building (PER) sectors.

Binny to diversify into real estate sector

Binny has decided to diversify into real estate development, commodity trading and power. In this regard, the company has received its board’s approval to acquire a 37 MW wind farm from Mohan Breweries and Distilleries, which has made an offer price of Rs 120 crore. Binny will make an advance payment up to 25 per cent of the offer price and will finalise details of the transaction. It will seek statutory clearances before proceeding with the deal. Mohan Breweries will refund the advance if the deal does not go through. At present, Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.

Hero MotoCorp gains on reporting 14% surge in April sales

Hero MotoCorp is currently trading at Rs 2197.00, up by 2.55 points or 0.12% from its previous closing of Rs 2194.45 on the BSE. The scrip opened at Rs 2205.05 and has touched a high and low of Rs 2205.05 and Rs 2183.80 respectively. So far 1254 shares were traded on the counter. The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 2320.00 on 07-Apr-2014 and a 52 week low of Rs 1565.95 on 25-Jun-2013. Last one week high and low of the scrip stood at Rs 2222.00 and Rs 2141.00 respectively. The current market cap of the company is Rs 43820.42 crore. The promoters holding in the company stood at 39.92% while Institutions and Non-Institutions held 38.83% and 21.25% respectively. Hero MotoCorp, the country’s largest two-wheeler maker has reported a 14.41% increase in its total sales at 5,71,054 units in April 2014, as compared to 4,99,113 units sold in the same month last year. The sales of over 5.71 lakh units in April is the result of a series of initiatives that the company has undertaken in the past few months, including new launches, customer-friendly initiatives and brand building activities. Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Mahindra Centuro launches new campaign featuring unique Anti-Theft System

Mahindra Two Wheelers (MTWL), part of the $ 16.7 billion Mahindra Group - one of India’s leading automotive giant and most respected business houses, has launched its new television commercial for its popular motorcycle, the Mahindra Centuro. It is an engaging sequel to the Centuro launch film released last year featuring the same macho, tough, confident Centuro man. The new campaign showcases the sensuous girl’s second attempt at trying to get to him; only to be thwarted by the Centuro’s unique advanced features like the internationally patented Anti-Theft Alarm (with Engine Immobilizer) operated by the encrypted Remote Flip Key. Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

TATA MF introduces FMP Series 47 Scheme L (369 Days)

TATA Mutual Fund has launched the New Fund Offer (NFO) of TATA Fixed Maturity Plan Series 47 Scheme L (369 Days), a close ended income scheme. The NFO opens for subscription on May 05, 2014 and closes on May 12, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Amit Somani.

The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme. The maturity of all investments shall be equal to or less than the maturity of a scheme

Sundaram MF introduces Top 100 Series I (3 years)

Sundaram Mutual Fund has launched the New Fund Offer (NFO) of Sundaram Top 100 Series I (3 years), a close ended income scheme. The NFO opens for subscription on May 05, 2014 and closes on May 23, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against CNX 100 and its fund manager is J Venkatesan.

The investment objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time.

Gold futures surge on Ukrainian crisis

Gold futures surged on Monday as the heightened tensions and violence in Ukraine burnished the precious metal's safe-haven appeal. However, the gains were capped on the back of some outflows from the top gold fund.

Gold futures for June delivery edged up 0.20 percent at $1,305.50 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold was flat at $1,300.33 an ounce.

Force Motors’ LCV production stood at 943 units in April 2014

Force Motors, a Pune-based commercial vehicle maker, has reported the production, sales and export of the products manufactured by the company during the month of April 2014. The company’s production of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles & Sports Utility Vehicles (UV & SUV) and Tractors stood at 44 units, 943 units, 784 units and 362 units respectively.

The company’s domestic sales for SCV, LCV, UV & SUV and Tractor stood at 32 units, 1152 units, 748 units and 336 units respectively, while the company has exported 42 units of SCV in month of April 2014.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Deepak Fertilisers raises open offer price for acquiring 26% stake in MCFL

Deepak Fertilisers & Petrochemicals has raised the open offer price to Rs 63 per share, aggregating Rs 194.12 crore, for acquiring another 26 per cent stake in Vijay Mallya-promoted Mangalore Chemicals and Fertilizers (MCFL). Earlier as on April 23, 2014, company’s - wholly owned subsidiary - SCM Soilfert (SSL), had acquired 10,01,309 equity shares of face value of Rs 10 each representing 0.84% of share capital of MCFL. Consequent to the said purchase, SSL now holds 2,99,92,459 equity shares i.e. 25.31% in MCFL. Deepak Fertilisers & Petrochemicals is one of the leading manufacturers of industrial chemicals and fertilisers in India. The company operates in three business segments - chemicals, fertilisers and real estate.

Saraswat Bank transfers loans obtained by Dhanada Corporation to Phoenix ARC

Saraswat Co-op Bank has absolutely assigned and transferred unto and in favour of the Phoenix ARC Private all facilities / loans obtained by Dhanada Corporation from Saraswat Co-op Bank together with all underlying securities, interests thereto and all rights, title, interests in all agreements, deeds and documents in connection with the facilities / loans. The company has received a letter from Saraswat Co-op Bank and Phoenix ARC, Trustee of Phoenix Trust pursuant to the Assignment Agreement made between the aforesaid parties. Similar letters are also received by the subsidiary of the company, Dhanada Engineering Private. The management is taking every effort to remedy the situation as early as possible.

Reliance Capital gains on reporting marginal rise in Q4 consolidated net profit

Reliance Capital is currently trading at Rs. 353.70, up by 4.55 points or 1.30% from its previous closing of Rs. 349.15 on the BSE. The scrip opened at Rs. 352.00 and has touched a high and low of Rs. 355.85 and Rs. 351.50 respectively. So far 56,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.00 on 09-Dec-2013 and a 52 week low of Rs. 290.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 380.65 and Rs. 347.40 respectively. The current market cap of the company is Rs. 8,649.00 crore. The promoters holding in the company stood at 54.14% while Institutions and Non-Institutions held 25.65% and 19.95% respectively. Reliance Capital has posted a fall of 77.08% in its net profit at Rs 16.50 crore for the quarter ended March 31, 2014 as compared to Rs 72.00 crore for the same quarter in the previous year. However, total income of the company increased by 9.78% to Rs 808.00 crore for quarter under review as compared to Rs 736.00 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 0.75% rise in its net profit at Rs 267.00 crore for the quarter ended March 31, 2014 as compared to Rs 265.00 crore for the same quarter in the previous year. Total income of the company has increased by 9.28% at Rs 1848.00 crore for quarter under review as compared to Rs 1691.00 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 38.22% in its net profit at Rs 409.00 crore as compared to Rs 662.00 crore in the previous year. Total income of company has dipped by 91.59% at Rs 325.40 crore for year under review as compared to Rs 3868.00 crore in the previous year. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 8.00% in its net profit at Rs 747.00 crore as compared to Rs 812.00 crore for the same period in the previous year.  However ,total income of company has increased by 0.33% at Rs 7544.00 crore for year under review as compared to Rs  7519.00 crore in the previous fiscal.