OMCs gain as oil prices cool

Oil stocks have gained on back of weak price in International market. Brent Crude Oil has dropped 2.10% and is trading at US$ 36.44/bbl, while WTI Crude Oil is trading marginally up 0.1% at US$36.04/bbl.

Brent Crude Oil has dropped 2.10% and is trading at US$ 36.44/bbl, while WTI Crude Oil is trading marginally up 0.1% at US$36.04/bbl.

S&P Oil and Gas index is trading up 1.45% at 9781.83.

The price of Indian Basket of crude oil price decreased to Rs 2163.09 per bbl today  as compared to Rs 2229.47 per bbl on Dec 04.

Shares of Petronet LNG have zoomed 3.88% and are trading at Rs. 270.15. Share of Reliance are trading high 2.5% at Rs. 1031.15.

Shares of Government owned Oil marketing companies IOC, BPCL and HPCL are trading up 1.35% at Rs. 409, 1.23% at Rs. 914.50 and 2.33% at Rs. 877.40 respectively.

Shares of Gail India are trading up 1.33% at Rs. 377.80.

However, share of ONGC are trading down marginally 0.43% at Rs. 241.

Petronet LNG Ltd is currently trading at Rs. 270.15, up by Rs. 10.1 or 3.88% from its previous closing of Rs. 260.05 on the BSE.

The scrip opened at Rs. 261 and has touched a high and low of Rs. 272 and Rs. 261 respectively. So far 3811002(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 19503.75 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 262 on 01-Jan-2016 and a 52 week low of Rs. 159.8 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 262 and Rs. 246.15 respectively.

The promoters holding in the company stood at 50 % while Institutions and Non-Institutions held 27.54 % and 22.46 % respectively.

The stock is currently trading below its 50 DMA.

Reliance Industries Ltd is currently trading at Rs. 1031.25, up by Rs. 26.15 or 2.6% from its previous closing of Rs. 1005.1 on the BSE.

The scrip opened at Rs. 1005 and has touched a high and low of Rs. 1033 and Rs. 1000.55 respectively. So far 2401952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 325573.23 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1067 on 23-Jul-2015 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 1020 and Rs. 987.3 respectively.

The promoters holding in the company stood at 45.21 % while Institutions and Non-Institutions held 31.77 % and 19.85 % respectively.

The stock is currently trading below its 50 DMA.

Indian Oil Corporation Ltd is currently trading at Rs. 448.6, up by Rs. 6 or 1.36% from its previous closing of Rs. 442.6 on the BSE.

The scrip opened at Rs. 443 and has touched a high and low of Rs. 452.05 and Rs. 441 respectively. So far 876177(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 107461.07 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 465.4 on 24-Jul-2015 and a 52 week low of Rs. 307 on 13-Feb-2015. Last one week high and low of the scrip stood at Rs. 447 and Rs. 421.25 respectively.

The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.88 % and 24.54 % respectively.

The stock is currently trading below its 50 DMA.

Bharat Petroleum Corporation Ltd is currently trading at Rs. 914.3, up by Rs. 10.95 or 1.21% from its previous closing of Rs. 903.35 on the BSE.

The scrip opened at Rs. 900 and has touched a high and low of Rs. 917.95 and Rs. 896 respectively. So far 795927(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 65319.43 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 987 on 23-Jul-2015 and a 52 week low of Rs. 630.2 on 06-Jan-2015. Last one week high and low of the scrip stood at Rs. 907.4 and Rs. 874.75 respectively.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 30.36 % and 14.71 % respectively.

The stock is currently trading below its 50 DMA.

Hindustan Petroleum Corporation Ltd is currently trading at Rs. 877.85, up by Rs. 21.05 or 2.46% from its previous closing of Rs. 856.8 on the BSE.

The scrip opened at Rs. 855 and has touched a high and low of Rs. 883.4 and Rs. 854.7 respectively. So far 931765(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29013.82 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 991 on 10-Aug-2015 and a 52 week low of Rs. 542.5 on 05-Jan-2015. Last one week high and low of the scrip stood at Rs. 862 and Rs. 830 respectively.

The promoters holding in the company stood at 51.11 % while Institutions and Non-Institutions held 34.48 % and 14.41 % respectively.

The stock is currently trading below its 100 DMA.

GAIL (India) Ltd is currently trading at Rs. 377.4, up by Rs. 4.55 or 1.22% from its previous closing of Rs. 372.85 on the BSE.

The scrip opened at Rs. 375.8 and has touched a high and low of Rs. 380.9 and Rs. 368.5 respectively. So far 1018792(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 47295.28 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 451 on 05-Jan-2015 and a 52 week low of Rs. 260.25 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 377.9 and Rs. 358.75 respectively.

The promoters holding in the company stood at 56.11 % while Institutions and Non-Institutions held 40.25 % and 2.51 % respectively.

The stock is currently trading below its 200 DMA.

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 240.9, down by Rs. 0.9 or 0.37% from its previous closing of Rs. 241.8 on the BSE.

The scrip opened at Rs. 242 and has touched a high and low of Rs. 242.25 and Rs. 239 respectively. So far 658527(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 206871.75 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.7 on 04-Feb-2015 and a 52 week low of Rs. 208 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 244.85 and Rs. 235.5 respectively.

The promoters holding in the company stood at 68.93 % while Institutions and Non-Institutions held 17.49 % and 13.58 % respectively.

The stock is currently trading below its 200 DMA.

PBA Infrastructure surges 10% on bagging project in joint venture

The company in Joint Venture has bagged Project worth Rs. 157.75 crore

Shares of PBA Infrastructure are trading up 10% at Rs. 23.30 after the company informed BSE that the Company in Joint Venture has bagged Project worth Rs. 157.75 crore.

PBA Infrastructure Ltd is currently trading at Rs. 23, up by Rs. 1.8 or 8.49% from its previous closing of Rs. 21.2 on the BSE.

The scrip opened at Rs. 21.1 and has touched a high and low of Rs. 23.3 and Rs. 20.05 respectively. So far 889610(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28.62 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29 on 03-Feb-2015 and a 52 week low of Rs. 10 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 21.65 and Rs. 16.5 respectively.

The promoters holding in the company stood at 57.65 % while Institutions and Non-Institutions held 0 % and 42.35 % respectively.

The stock is currently trading below its 200 DMA

Sanghvi Forging bags new orders worth Rs. 11 crore

Sanghvi Forging & Engineering Ltd has received an order worth Rs. 11 crore. The fresh orders have come in from Oil & Gas, and Power sectors. The majority of the orders received by the company are for its new heavy die forging plant.

Vadodara-based Sanghvi Forging & Engineering Ltd (SFEL), one of the top engineering company in India announced that company has received an order worth Rs. 11 crore. The fresh orders have come in from Oil & Gas, and Power sectors. The majority of the orders received by the company are for its new heavy die forging plant.

Continuous flow of orders for the company during the recent past is a positive for the company and its growth. The company’s newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the company’s forging capacity fivefold. The company is receiving good amount of orders from Oil & Gas, power, defence and irrigation sectors for its new plant.
The new plant is equipped with product, quality approvals from all major industrial sectors, ie, petrochemicals, power, oil & gas, defence, aerospace sectors, etc.

Commenting on the orders, Jayanti Sanghvi, Managing Director, Sanghvi Forging & Engineering Ltd said, “The new spate of orders from the Oil & Gas and Power Sectors show that our quality is being increasingly accepted by them. Also the fact that these sectors use a high component of forging is good for our company.”

L&T Construction bags order worth Rs. 2871 crore

Larsen & Toubro Ltd is currently trading at Rs. 1259, up by Rs. 1.65 or 0.13% from its previous closing of Rs. 1257.35 on the BSE.

L&T Construction has announced that it has bagged orders worth Rs. 2871 crore.

Larsen & Toubro Ltd is currently trading at Rs. 1259, up by Rs. 1.65 or 0.13% from its previous closing of Rs. 1257.35 on the BSE.

The scrip opened at Rs. 1260 and has touched a high and low of Rs. 1261 and Rs. 1250.55 respectively. So far 462608(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 117086.28 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52 week low of Rs. 1252.5 on 04-Jan-2016. Last one week high and low of the scrip stood at Rs. 1298.85 and Rs. 1252.5 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.28 % and 42.36 % respectively.

The stock is currently trading above its 200 DMA.

Baring Private Equity Asia plans to sell 71% stake in Hexaware

The deal may value the Indian outsourcer at Rs 8,000 crore, says report.

Baring Private Equity Asia is reportedly planning to sell its 71% stake in Hexaware Technologies.

The deal may value the Indian outsourcer at Rs 8,000 crore, says report.

The Hong Kong-based Baring PE has initiated talks with France's Capgemini and private equity funds such as the Blackstone Group and the Carlyle Group, according to the financial newspaper.

If successful, the deal will provide more than a 30% internal rate of return (IRR) for Baring, reports the daily.

The transaction will mark Baring Asia's second exit from India after a successful sale of its holding in Lafarge's India unit.

Hexaware Technologies Ltd ended at Rs. 249.75, up by Rs. 13.75 or 5.83% from its previous closing of Rs. 236 on the BSE.

The scrip opened at Rs. 237.5 and touched a high and low of Rs. 251.7 and Rs. 237.5 respectively. A total of 1385856(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7531.53 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 335.45 on 13-Apr-2015 and a 52 week low of Rs. 192.75 on 07-Jan-2015. Last one week high and low of the scrip stood at Rs. 251.7 and Rs. 232.5 respectively.

The promoters holding in the company stood at 71.32 % while Institutions and Non-Institutions held 17.17 % and 11.46 % respectively.

The stock traded below its 200 DMA.

Wipro fixes record date for Interim Dividend on Jan 27, 2016

Wipro Ltd has announced that January 27, 2016, has been fixed as a Record Date.

Wipro Ltd has announced that January 27, 2016, has been fixed as a Record Date for the purpose of Payment of Interim Dividend.

Wipro Ltd ended at Rs. 557, down by Rs. 0.95 or 0.17% from its previous closing of Rs. 557.95 on the BSE.

The scrip opened at Rs. 561 and touched a high and low of Rs. 564 and Rs. 554.5 respectively. A total of 951080(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 137599.56 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 676.9 on 11-Mar-2015 and a 52 week low of Rs. 512.55 on 24-Apr-2015. Last one week high and low of the scrip stood at Rs. 567.75 and Rs. 554.5 respectively.

The promoters holding in the company stood at 73.36 % while Institutions and Non-Institutions held 15.29 % and 9.38 % respectively.

The stock traded above its 200 DMA.

Imperio is here! M&M to launch premium small commercial vehicle today

M&M is expected to launch eight products in 2016 and kicking off the year will be the launch of Imperio.

Mahindra and Mahindra (M&M) is all set to launch its premium small commercial vehicle Imperio in Mumbai today. According to reports, M&M is expected to launch eight products in 2016 and kicking off the year will be the launch of Imperio.

Mr Pravin Shah, President & Chief Executive (Automotive),  Mahindra & Mahindra Ltd will launch the vehicle at a media briefing in Mumbai later during the day.

Further details will be updated after the launch. 

Mahindra & Mahindra Ltd ended at Rs. 1248.05, up by Rs. 3.85 or 0.31% from its previous closing of Rs. 1244.2 on the BSE.

The scrip opened at Rs. 1247 and touched a high and low of Rs. 1270.35 and Rs. 1238.6 respectively. A total of 804615(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 77515.43 crore.

The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1095 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 1278 and Rs. 1238.6 respectively.

The promoters holding in the company stood at 25.56 % while Institutions and Non-Institutions held 54.91 % and 13.77 % respectively.

The stock traded above its 50 DMA.