Apollo Hospitals spurts on buzz of exploring partnership opportunities in Bahrain

Apollo Hospitals spurts on buzz of exploring partnership opportunities in Bahrain

Sep 09,2014   11:20 Hrs IST

Apollo Hospitals Enterprise is currently trading at Rs. 1209.50, up by 24.20 points or 2.04% from its previous closing of Rs. 1185.30 on the BSE. The scrip opened at Rs. 1186.00 and has touched a high and low of Rs. 1218.00 and Rs. 1185.90 respectively. So far 12300 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1219.55 on 27-Aug-2014 and a 52 week low of Rs. 817.00 on 19-Dec-2013. Last one week high and low of the scrip stood at Rs. 1205.00 and Rs. 1148.50 respectively. The current market cap of the company is Rs. 16816.06 crore. The promoters holding in the company stood at 34.35 % while Institutions and Non-Institutions held 45.57 % and 19.34 % respectively. Apollo Hospitals Enterprise is reportedly exploring partnership opportunities in the super-specialty sector of the healthcare industry in Bahrain. Bahrain has world-class quality of healthcare. However, there is medical discipline where Apollo has proven expertise in innovative therapies and that is where the company can collaborate. The Chennai-based healthcare major currently has more than 10,000 beds across 51 hospitals, more than 1,500 pharmacies, over 100 primary care and diagnostic clinics and 115 telemedicine units across nine countries. Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.

Reliance Infra gains on subsidiary foraying into cement market of Bihar

Reliance Infra gains on subsidiary foraying into cement market of Bihar

Sep 09,2014   11:05 Hrs IST

Reliance Infrastructure is currently trading at Rs. 698.90, up by 9.60 points or 1.39% from its previous closing of Rs. 689.30 on the BSE. The scrip opened at Rs. 690.15 and has touched a high and low of Rs. 700.25 and Rs. 690.15 respectively. So far 103356 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 820.00 on 10-Jun-2014 and a 52 week low of Rs. 350.85 on 05-Feb-2014. Last one week high and low of the scrip stood at Rs. 755.50 and Rs. 687.25 respectively. The current market cap of the company is Rs. 18290.95 crore. The promoters holding in the company stood at 48.53 % while Institutions and Non-Institutions held 37.85 % and 12.44 % respectively. Reliance Infrastructure’s subsidiary, Reliance Cement, has forayed into the cement market of Bihar where the demand for the building material is on the rise due to real-estate boom and other infrastructure developments. The cement market in Bihar is likely to grow at the rate of 9% over the next few years. Reliance Cement is well positioned to serve the potential cement market in Bihar. Meanwhile, the company is also planning to launch its innovative customer initiative ‘On-site Expert Service’ in Bihar, which will provide an array of services including expert engineer's advice to on-site concrete testing services. Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.

Turmeric futures trade up on NCDEX

Turmeric futures trade up on NCDEX

Sep 09,2014   11:19 Hrs IST

Turmeric futures traded higher on NCDEX as speculators created fresh positions amid hopes of rise in demand in the spot market. But, absence of buying activity following shortage of good quality arrivals from the major producing belts, capped some gains in turmeric prices to some extent. The contract for September delivery was trading at Rs 6294.00, up by 0.80% or Rs 50.00 from its previous closing of Rs 6244.00. The open interest of the contract stood at 7255 lots. The contract for October delivery was trading at Rs 6446.00, up by 1.13% or Rs 72.00 from its previous closing of Rs 6374.00. The open interest of the contract stood at 10980 lots on NCDEX.

Sirohia & Sons hits capital markets for raising Rs 3.6 crore

Sirohia & Sons hits capital markets for raising Rs 3.6 crore

Sep 08,2014   12:25 Hrs IST

Sirohia & Sons has hit the capital markets, through BSE SME Platform, with an initial public offering IPO of 3,000,000 equity shares of Rs 10 each aggregating upto Rs 3.60 crore. The issue has opened for subscription on September 8, 2014 at a fixed price band of Rs 12 per share, while the public issue will close for subscription on September 10, 2014. The company is engaged in the business of dealing in fertilizers and pesticides catering to primarily to Tea Industry located in the North East region of the Country particularly the state of Assam and West Bengal.

L&T MF introduces FMP Series XI-Plan D (1130 Days)

L&T MF introduces FMP Series XI-Plan D (1130 Days)

Sep 09,2014   08:59 Hrs IST

L&T Mutual Fund has launched the New Fund Offer (NFO) of L&T FMP Series XI-Plan D(1130 days), a close ended income scheme. The NFO opens for subscription on Sep 09, 2014 and closes on Sep 12, 2014.  No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10,000 and in multiples of Re.1 thereafter The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Vikram Chopra and Richa Sharma. The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.

Bharti Airtel surges on selling 3,500 telecom towers to Eaton Towers

Bharti Airtel surges on selling 3,500 telecom towers to Eaton Towers

Sep 09,2014   10:55 Hrs IST

Bharti Airtel is currently trading at Rs. 409.65, up by 6.45 points or 1.60% from its previous closing of Rs. 403.20 on the BSE. The scrip opened at Rs. 402.80 and has touched a high and low of Rs. 410.80 and Rs. 399.95 respectively. So far 98773 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 410.80 on 09-Sep-2014 and a 52 week low of Rs. 282.10 on 24-Feb-2014. Last one week high and low of the scrip stood at Rs. 410.80 and Rs. 377.05 respectively. The current market cap of the company is Rs. 163093.92 crore. The promoters holding in the company stood at 65.37% while Institutions and Non-Institutions held 24.90% and 9.72% respectively. Bharti Airtel has sold about 3,500 telecom towers to Eaton Towers across six countries in Africa. The two companies have signed a 10-year contract, and the deal will help Eaton to expand operations in these countries. The agreement will allow Airtel to focus on its core business and customers, and to cut its debt. It will also significantly reduce its ongoing capital expenditure on passive infrastructure. The announcement comes within two months of Bharti announcing a plan to sell about 3,100 towers to Helios Towers across four countries in Africa. 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.