Rasoya Proteins gains on commencing sale of refined sunflower oil

Rasoya Proteins is currently trading at Rs. 16.35, up by 0.10 points or 0.62% from its previous closing of Rs. 16.25 on the BSE.

The scrip opened at Rs. 16.45 and has touched a high and low of Rs. 16.50 and Rs. 16.25 respectively. So far, 402663 shares were traded on the counter.

The BSE group 'B' stock of face value Re. 1 has touched a 52 week high of Rs. 20.40 on 16-May-2014 and a 52 week low of Rs. 10.50 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs. 17.00 and Rs. 16.20 respectively. The current market cap of the company is Rs. 2802.65 crore.

The promoters holding in the company stood at 31.68% while Institutions and Non-Institutions held 3.99% and 37.60% respectively.

This move is in line with the diversification policy and expansion plan of the company. The company is taking rigorous efforts in marketing and brand building of Refined Edible Oil and is confident that the market share will definitely increase through its strong and wide distribution network. The company has undertaken plan for extensive promotional, marketing through media.

Rasoya Proteins presently sells whole wheat flour under Mejwani brand in western markets. The company is engaged in manufacturing of soya-based products and edible oil such as soya oil, soyameal and value added soya products.

KEC International trades higher on the bourses

KEC International is currently trading at Rs. 124.95, up by 0.60 points or 0.48% from its previous closing of Rs. 124.35 on the BSE.

The scrip opened at Rs. 125.30 and has touched a high and low of Rs. 125.30 and Rs. 123.30 respectively. So far, 24323 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.90 on 27-May-2014 and a 52 week low of Rs. 23.25 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 127.90 and Rs. 117.50 respectively. The current market cap of the company is Rs. 3213.60 crore.

The promoters holding in the company stood at 49.41% while Institutions and Non-Institutions held 35.84% and 14.75% respectively.

KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured various orders to the tune of Rs 1,209 crore across Transmission & Distribution and Cables businesses. In transmission & Distribution business, the company has secured orders in Saudi Arabia, Uganda, India and the Americas amounting to Rs 1,126 crore. Meanwhile, the company in cables business has secured orders worth Rs 83 crore for the supply of power and telecom cables.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.

JP Associates strengthens as its arm completes sale of Gujarat Cement Plant

Jaiprakash Associates (JPAssociates) is currently trading at Rs. 82.10, up by 0.75 points or 0.92% from its previous closing of Rs. 81.35 on the BSE.

The scrip opened at Rs. 81.90 and has touched a high and low of Rs. 82.95 and Rs. 81.60 respectively. So far 439296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.85 on 11-Jun-2014 and a 52 week low of Rs. 28.40 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 89.85 and Rs. 80.30 respectively. The current market cap of the company is Rs. 18351.82 crore.

The promoters holding in the company stood at 45.08% while Institutions and Non-Institutions held 37.46% and 17.45% respectively.

Jaiprakash Associates’ wholly owned subsidiary - Jaypee Cement Corporation, has consummated the transaction relating to the sale of Gujarat Cement Plant on June 12, 2014.

Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.

Mphasis gains on launching 'ProTech' in conjunction with Delta Power Solutions

Mphasis is currently trading at Rs. 450.00, up by 6.95 points or 1.57 % from its previous closing of Rs. 443.05 on the BSE.

The scrip opened at Rs. 447.00 and has touched a high and low of Rs. 453.40 and Rs. 443.65 respectively. So far 5472 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 465.45 on 03-Oct-2013 and a 52 week low of Rs. 347.70 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 454.00 and Rs. 429.15 respectively. The current market cap of the company is Rs. 9416.15 crore.

The promoters holding in the company stood at 60.49 % while Institutions and Non-Institutions held 30.61 % and 8.90 % respectively.

Mphasis in partnership with Delta Power Solutions, a leading power management company, has launched an innovative all-in-one e-Surveillance and power efficiency solution ‘ProTecht’. The partnership will enable Mphasis Payment Managed Services (MPMS), the end-to-end ATM deployment and management services unit of the company, to offer the most comprehensive single window solution for ATM security and power efficiency innovation across the industry.

Mphasis, an HP Company, is a $1 billion global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.

Religare Invesco MF introduces Fixed Maturity Plan - Series 23 - Plan N - (367 Days)

Religare Invesco Mutual Fund has launched the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan - Series 23 - Plan N - (367 Days), a close ended income scheme. The NFO opens for subscription on June 13, 2014 and closes on June 16, 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 Nitish Sikand.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.

Lanco Infratech shut 1200 MW Udipi power plant

Lanco Infratech has stopped generation of power from its 1200 MW Udipi power plant, as it faced inordinate delay in payments from Karnataka government utilities. The plant is also facing hardship in securing adequate coal supplies but was able to generate making arrangements. However, delayed payments forced the company to take this decision. The company and the utilities have had payment related concerns in the past with the former seeking dues with regulatory intervention. Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.

L&T Finance sells 4.55% equity stake in City Union Bank

L&T Finance has sold 4.55% equity stake in City Union Bank. The company has sold this stake at a price of Rs 73.75 per share via block deal.

Recently, Reserve Bank of India (RBI) allowed foreign institutional investors to purchase up to 35% of the paid-up capital of the City Union Bank. The bank passed resolutions at the board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs).

City Union Bank reported 4.53% rise in its net profit at Rs 89.08 crore for third quarter ended December 31, 2013 as compared to Rs 85.22 crore for the same quarter in the previous year. Total income of the bank increased by 14.39% at Rs 710.90 crore for quarter under review as compared to Rs 621.47 crore for the quarter ended December 31, 2012.

NHPC gains on completing HRT-TBM tunneling of Kishanganga HE Project

NHPC is currently trading at Rs. 29.10, up by 0.45 points or 1.57% from its previous closing of Rs. 28.65 on the BSE.

The scrip opened at Rs. 29.10 and has touched a high and low of Rs. 29.15 and Rs. 28.70 respectively. So far 3,76,000 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.60 on 11-Jun-2014 and a 52 week low of Rs. 14.80 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 29.60 and Rs. 26.45 respectively. The current market cap of the company is Rs. 35,795.00 crore.

The promoters holding in the company stood at 85.96%, while Institutions and Non-Institutions held 5.45% and 8.59% respectively.

NHPC has successfully completed the 14.73 kms Head Race Tunneling of Kishanganga HE Project through TBM on June 10, 2014.

NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.

Idea Cellular successfully raises Rs 3,000 crore through QIP

Idea Cellular, the third largest Indian telecom wireless operator, has successfully closed its Qualified Institutions Placement (QIP) and has issued and allotted 22.39 crore equity shares of face value of Rs 10 each to qualified institutional buyers, at an issue price of Rs 134 per equity share including a premium of Rs 124 per equity share, aggregating to approximately Rs 3,000 crore. The issue witnessed strong interest from both foreign and Indian investors. The overall allocation to foreign investors is approximately 62% of the Issue and to domestic investors is approximately 38% of the issue, resulting in diversified representation from a high quality global investor base. DSP Merrill Lynch, Citigroup Global Markets India, Morgan Stanley India Company and Standard Chartered Securities (India) acted as Global coordinators and Book Running Lead Managers, and Axis Capital acted as Book Running Lead Manager to the Issue. Further, the company is proposing to undertake a private placement of 5.18 crore equity shares at Rs 144.68 per equity share aggregating to Rs 750 crore to a subsidiary of Axiata Group Berhad of Malayasia, an existing key shareholder of company, subject to shareholders’ and other necessary approvals.

Tata Motors Group global wholesales in May stood at 77,575 vehicles

Tata Motors’ Group global wholesales in May 2014, including Jaguar Land Rover, stood at 77,575 vehicles. The cumulative wholesales for the fiscal were 152,601 vehicles. The global wholesales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 29,161 vehicles, while cumulative commercial vehicles wholesales for the fiscal were 56,215 units. Besides, global wholesales of all passenger vehicles in May 2014 were 48,414 units. The cumulative passenger vehicles wholesales for the fiscal were 96,386 units while global wholesales of Tata passenger vehicles in May 2014 were 9,416 units. The cumulative wholesales for the fiscal were 17,251 vehicles. Further, global wholesales for Jaguar Land Rover were 38,998 vehicles. Jaguar wholesales for the month were 6,848 vehicles and cumulative wholesales were 12,552 vehicles, while Land Rover wholesales for the month were 32,150 vehicles and cumulative wholesales were 66,583 vehicles. The cumulative wholesales for Jaguar Land Rover for the fiscal were 79,135 vehicles.