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.