Tata Motors trades in green on BSE

Tata Motors trades in green on BSE

Sep 22,2014   11:59 Hrs IST

Tata Motors is currently trading at Rs. 530.10, up by 11.10 points or 2.14% from its previous closing of Rs. 519.00 on the BSE. The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 531.00 and Rs. 514.00 respectively. So far 134643 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 531.00 on 28-Aug-2014 and a 52 week low of Rs. 330.25 on 01-Oct-2013. Last one week high and low of the scrip stood at Rs. 528.95 and Rs. 491.05 respectively. The current market cap of the company is Rs. 144512.14 crore. The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.16% and 7.25% respectively. Tata Motors’ British-based arm Jaguar and Land Rover (JLR) has launched locally manufactured Jaguar XJ 2.0L. The petrol-powered sedan carries a price tag of Rs 93.24 lakh at Mumbai showroom. This new luxury saloon, which is being made at the company' Pune plant, comes after the successful launch of locally produced diesel-powered Jaguar XJ 3.0L earlier this year. This new car comes with various luxury features including electrically adjustable rear seats with massage function in three intensity settings, increased rear headroom and rear seat entertainment. Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.

Forex reserves stood at $315.697 billion for the week ended September 12, 2014

Forex reserves stood at $315.697 billion for the week ended September 12, 2014

Sep 20,2014   10:56 Hrs IST

According to the latest press release from the Reserve Bank of India (RBI), the country’s forex reserves decreased by $1615.40 million to $315.697 billion during the week ended September 12, 2014. The decrease in valuation of Foreign Currency Assets in the IMF pulled the forex kitty lower during the reporting week. Valuation of foreign currency assets decreased by $1599.60 million in the week and stood at $288.764 billion, while the value of gold in the reserves remained unchanged to $20.933 billion during the week. SDRs’ (Special Drawing Rights) valuation decreased by $11.40 million and stood at $4.333 billion in the week. This valuation is inclusive of SDR 3,082.5 million (equivalent to $4,883 million) allocated under general allocation and SDR 214.6 million (equivalent to $340 million) allocated under special allocation by International Monetary Fund (IMF) done on August 28, 2009 and September 9, 2009, respectively. The country’s reserve position in the IMF further witnessed a drop of $4.40 million during the week ended September 12, 2014 to $1.666 billion. Reserve position in the IMF, i.e., Reserve Tranche Position (RTP) which was shown as a memo item from May 23, 2003 to March 26, 2004 has been included in the reserves from the week ended April 2, 2004 in keeping with the international best practice.

South Indian Bank gains on plan to raise Rs 500 crore through QIP

South Indian Bank gains on plan to raise Rs 500 crore through QIP

Sep 22,2014   10:55 Hrs IST

The South Indian Bank is currently trading at Rs. 27.75, up by 0.15 points or 0.54% from its previous closing of Rs. 27.60 on the BSE. The scrip opened at Rs. 27.60 and has touched a high and low of Rs. 27.75 and Rs. 27.50 respectively. So far 45741 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.05 on 07-Jul-2014 and a 52 week low of Rs. 19.65 on 04-Feb-2014. Last one week high and low of the scrip stood at Rs. 28.60 and Rs. 27.20 respectively. The current market cap of the company is Rs. 3733.77 crore. The institutions and non-institutions held 52.69% and 47.31% stake in the company, respectively. South Indian Bank is planning to raise up to Rs 500 crore through qualified institutional placements (QIP). The bank has already received approval from its board for the proposed QIP, which will mostly be for meeting its capital requirement. Meanwhile, the bank is also planning to add around 50 branches this financial year to its 835 branches. The bank’s net profit for the quarter ended June 30, 2014 rose by 10.28% at Rs 126.65 crore as compared to Rs 114.84 crore for the quarter ended June 30, 2013. Its total Income increased by 9.15% to Rs 1465.84 crore for the quarter under review from Rs 1342.88 crore for the corresponding quarter of the previous year.

Shree Cement rises on entering into BTA for acquisition of 1.5 MTPA Cement Grinding Unit

Shree Cement rises on entering into BTA for acquisition of 1.5 MTPA Cement Grinding Unit

Sep 22,2014   09:48 Hrs IST

Shree Cement is currently trading at Rs. 8628.25, up by 53.30 points or 0.62% from its previous closing of Rs. 8574.95 on the BSE. The scrip opened at Rs. 8628.25 and has touched a high and low of Rs. 8628.25 and Rs. 8628.25 respectively. So far 1 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8810.00 on 12-Sep-2014 and a 52 week low of Rs. 3965.00 on 27-Sep-2013. Last one week high and low of the scrip stood at Rs. 8765.35 and Rs. 8444.15 respectively. The current market cap of the company is Rs. 29872.75 crore. The promoters holding in the company stood at 64.79% while institutions and non-institutions held 15.88% and 19.33% respectively. Shree Cement has entered into a Business Transaction Agreement (BTA) with Jaiprakash Associates for acquisition of its 1.5 MTPA Cement Grinding Unit situated at Panipat, Haryana for a tentative consideration of around Rs 360 crore. The transaction is subject to necessary regulatory approvals. The company had already received board of directors approval for the same at their meeting held on August 25, 2014. Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a.

Sep 22,2014   09:48 Hrs IST

Shree Cement is currently trading at Rs. 8628.25, up by 53.30 points or 0.62% from its previous closing of Rs. 8574.95 on the BSE. The scrip opened at Rs. 8628.25 and has touched a high and low of Rs. 8628.25 and Rs. 8628.25 respectively. So far 1 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8810.00 on 12-Sep-2014 and a 52 week low of Rs. 3965.00 on 27-Sep-2013. Last one week high and low of the scrip stood at Rs. 8765.35 and Rs. 8444.15 respectively. The current market cap of the company is Rs. 29872.75 crore. The promoters holding in the company stood at 64.79% while institutions and non-institutions held 15.88% and 19.33% respectively. Shree Cement has entered into a Business Transaction Agreement (BTA) with Jaiprakash Associates for acquisition of its 1.5 MTPA Cement Grinding Unit situated at Panipat, Haryana for a tentative consideration of around Rs 360 crore. The transaction is subject to necessary regulatory approvals. The company had already received board of directors approval for the same at their meeting held on August 25, 2014. Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a.