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Ahmedabad Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam
THURSDAY • JULY 11, 2019
CHENNAI
₹��8 • Pages 18 • Volume 26 • Number 164
MCDONALD’S CASE
NCLAT seeks more data from BakshiNew Delhi, July 10
The NCLAT has directed Vikram Bakshi, the
former Indian joint venture partner of
McDonald’s, to furnish an additional
affidavit outlining various fi��nancial details,
such as the amount he received from his
settlement with the US burger chain. After
being embroiled in a bitter legal feud,
Bakshi and McDonald’s had earlier this year
reached an outofcourt settlement. p2
BANK CONSOLIDATION
Centre to strengthen PSB boardsMumbai, July 10
Following the merger of Dena Bank and
Vijaya Bank with Bank of Baroda, the
government is now seeking to beef up the
number of wholetime directors (WTDs) on
the boards of large public sector banks
(PSBs) into which other PSBs will get
merged. BoB currently has four WTDs — an
MD & CEO and three EDs. p5
ADDITIONAL SURCHARGE ON FPIs
CBDT boss moots corporate structureNew Delhi, July 10
FPIs and AIFs can get themselves structured
as a ‘corporates’ if they want to avoid
paying the additional surcharge
introduced in the Budget, CBDT Chairman
PC Mody suggested on Wednesday. At a
postBudget conference, he said the basic
objective of the levy of surcharge on
people with income between ₹��2 and ₹��5
crore and over ₹��5 crore is that these people
have the ability to pay. p10
BILATERAL TIES
India, Russia hold dialogue New Delhi, July 10
India and Russia discussed ways to deepen
economic cooperation in areas such as
agriculture and agroprocessing, the small
& medium industry, the digital economy
and trade, banking & fi��nance at the second
IndiaRussia Strategic Economic Dialogue
in New Delhi on Wednesday. p3
QUICKLY
TECHNOPHILE
The Jabra Elite 85h offers useful
voice prompts and integrates
with personal assistants p8
INWARD FOCUS
TCS wants to focus on improving efficiencies
and ensuring its investments are returning
value, says CEO Rajesh Gopinathan p9
BUSINESSLINE IMPACT
Following our ground report, cane
cutter women in Maharashtra are set
to get sanitation, health facilities p14
MAMUNI DAS
New Delhi, July 10
With privatisation of the Railways, trade unions fear thatmoving people and goods bytrains will become more expensive, aff��ecting the entirecountry.
Santosh Roy, President, AllIndia Central Council of Trade
Unions (AICCTU), told Busi-nessLine on the sidelines of aprotest here on Wednesdaythat there were apprehensions that there could belargescale employment ofcontract workers in the Indian Railways, even as permanent workers lose theirjobs.
Earlier, other trade unionbodies like the All India Railway Federation and NationalFederation of Indian Railwaymen also sought a clearbluebrint on how the Railways intended to turnaroundproduction units by corporatising them.
Job-loss fears p4
‘Privatising Railways will affect everyone’
OUR BUREAU/PTI
New Delhi, July 11
The shares of InterGlobe Aviation Ltd (IGAL), the parentof IndiGo, plummeted over 11per cent on Wednesday, wiping out ₹��6,423 crore from itsmarket valuation following aspat between its copromoters over corporate governance issues.
The scrip tanked 10.73 percent to close at ₹��1,397.75 onthe BSE. Intra day, it hadplunged 17.54 per cent to₹��1,291.
The copromoters of IndiGo, Rakesh Gangwal andRahul Bhatia, have been engaged in a war of words overgovernance issues.
InterGlobe clarifiesIGAL on Wednesday clarifi��edthat the existence of relatedparty transactions (RPTs) wasdisclosed at the time of itsIPO in 2015.
Gangwal, in his submission to SEBI on Tuesday, hadmade several allegationsabout the RPTs.
“Post the IPO, many of theRPTs have ceased to existwhile others have been renewed on an arms’ lengthbasis as part of the normalcourse of business,” the airline said in a mediastatement.
The statement added thatInterGlobe Enterprises (IGE)and its group entities had ensured that none of them tookadvantage of the RPTs.
IGE and its founder (Bhatiaand family) are copromotersof IndiGo along with Gangwal.
CEO reassures staffMeanwhile, IndiGo CEO Ronojoy Dutta told employeesthat the mission, directionand growth strategy of theairline remain “unchangedand are fi��rmly in place”.
“The issues between them(copromoters) will eventually get sorted out but I wantto stress that these issueshave nothing to do with theairline and its functioning,”Dutta said, adding that “absolutely” nothing haschanged for any of them.
Details p2
IndiGo stockplummets amidpromoters’ feud
S RONENDRA SINGH
New Delhi, July 10
Auto industry employees maybear the brunt if sales continue tofall, as the companies will be compelled to shed manpower, the Society of Indian Automobile Manufacturers (SIAM) said here onWednesday. Already, no fresh recruitment is happening.
The production volume of passenger cars and commercialvehicles has also been the lowestin the last 71 months, SIAM said,said adding that it will approachthe Centre for relief mechanisms,including a GST rate cut.
Asked if there has been any jobcuts over the last 1011 months,SIAM President Rajan Wadherasaid: “I don’t think we have
reached that phase, but we aresoon going to be there. We can’tsurvive at this moment. At SIAM,we support the electric vehicleplan of the government, but at thesame time, we must survive during this (transition) period. Thecurrent technology that the industry has should also be protected through this phase.”
The degrowth in the auto sectoris likely to be replicated in theother sectors, too, he added. Theauto sector today employs about37 million people, and they need tobe protected, he added.
Cash-strapped playersThe companies have no growthplans also right now because ofthe cash constraints, and theyhave already spent much(₹��70,00080,000 crore) to upgrade their products to meet BSVInorms, said Wadhera.
The dealerships have seen a lotof outlets (around 300, per Federation of Automobile Dealers data)
closing down in the recent past,which is not a good sign, he added.The huge inventories are just beginning to be cleared up, he observed.
The degrowth in the auto sectortoday is signifi��cantly prolonged,and the worst since 200809 and201112, SIAM said. “But, that time,every segment was not degrowing. Here (present scenario), it isevery segment…it is an unusuallyprolonged degrowth. There havebeen batches earlier — like in oneor two quarters — but never likethis,” Wadhera added.
According to SIAM, usually, thefi��rst quarters see good sales acrossall categories, but this time roundthat has not happened because ofthe slowing economy, low consumer sentiment, poor fi��nanceavailability, drop in rural demandand increase in insurance cost.
The June quarter of FY20 recorded some of the worse sales in thedomestic market across all categories.
Weak dispatchesAnalysts said wholesale dispatches are likely to remain weakfor the next one or two months,and some signs of recovery are expected from the festival seasononly.
Consumer sentiments remainpoor, and this continues to weighon the demand for discretionaryitems like cars, said Ashish Modani, Vice President & CoHead, Corporate Ratings, ICRA. “The government’s push to recapitalise banksand improve liquidity in NBFCs ispositive for the economy, the benefi��ts of which will start refl��ecting inthe next few quarters,” eh added.
First-quarter auto sales p2
Auto sector stares at job cutsas sales continue to skid Contraction is seen
across all segments,
is the worst in 10
years, says SIAM
Gram Sadak Yojana at an estimated cost of ₹��80,250 crore.
Briefi��ng the media about thechanges in the labour laws, Santosh Gangwar, Minister of State(Independent Charge) for Labour and Employment, said theCodes on Occupation Safety,Health and Working ConditionsBill, 2019, will bring 13 Central labour laws under the ambit of thenew code, which will be applicable to all establishments with10 or more employees.
Quick resolutionI&B Minister Prakash Javadekarsaid the decision to have a single
OUR BUREAU
New Delhi, July 10
The Union Cabinet on Wednesday approved a new code on occupation safety, health and working conditions for theunorganised sector which willbenefi��t up to 40 crore dailywagers, a Bill banning illegal deposits, and the setting up of asingle tribunal to settle all interState river water disputes.
The Cabinet also decided toamend the Protection of Children from Sexual Off��ences (Posco) Act, 2012, to make the punishment more stringent, andcleared the third phase of the PM
tribunal in place of multipleinterState tribunals is an attempt to resolve issues relatingto river water sharing in a timebound manner.
The government will place inParliament a new Bill that seeksto tackle the menace of solicitingunregulated deposits so that thehardearned money of poorpeople can protected, he furthersaid. The Cabinet also gave thegreen signal to granting Group Astatus to the Railway ProtectionForce and to a new Bill which ensures the empowerment oftransgender people.
Detailed reports p4
Cabinet clears central tribunal for riverwater rows, Bill to ban illegal deposits
When Kiwis fl��ew
The New Zealand team celebrates MS Dhoni’s wicket at the ICC Cricket World Cup semifi��nal in
Manchester on Wednesday. The Kiwis survived Ravindra Jadeja’s onslaught to stun India by 18
runs and reach the fi��nal for the second time in a row REUTERS
Regd. TN/ARD/14/2012-2014, RNI No. 55320/94
................CH-CHECMYK
CHENNAI
2 BusinessLine THURSDAY • JULY 11 • 2019NEWS
BusinessLineDisclaimer: Readers are requested to verify& make appropriate enquiries to satisfythemselves about the veracity of anadvertisement before responding to anypublished in this newspaper. THGPUBLISHING PVT LTD., the Publisher &Owner of this newspaper, does not vouchfor the authenticity of any advertisementor advertiser or for any of the advertiser’sproducts and/or services. In no event canthe Owner, Publisher, Printer, Editor,Director/s, Employees of this newspaper/company be held responsible/liable in anymanner whatsoever for any claims and/ordamages for advertisements in thisnewspaper.
FORUM GANDHI
Hong Kong, July 10
India, along with Australiaand Japan, is among the topmarkets for Uber Eats, according to a top executive.
The online food deliveryplatform by Uber waslaunched in 2015 and hassince ventured into 75 citiesacross six continents androped in over 63,000 restaurant partners.
“I do believe it’s still earlydays for the online deliverysystem overall. We know themarket is big and has a lot ofchallenges as well,” Raj Beri,Head of Uber Eats’ Asia Pacifi��coperations said at the Futureof Food summit in HongKong.
“Our restaurant partnershave constantly been demanding realtime customerfeedback data with indepthunderstanding of the customer demand and needs.
There was also a need to optimise menus. That’s been ourfocus," Beri said.
According to him, the company — which entered theAPAC market only three yearsago — is seeing huge growthhere.
Nikki Neuburger, GlobalMarketing Head, UberEats, explained that a successful business model is one where restaurateurs off��er not just goodfood, but an overall experience as well.
Neuburger added that according to research, digital
marketing and being “techliterate” helped incrementalsales. Sixty per cent of the restaurateurs interviewed for theresearch agreed that incremental sales were evident,even though they came with asignifi��cant amount ofinvestment.
Restaurateurs want dataRecently, at the launche of National Restaurants Association of India’s (NRAI) India
Food Service report, RahulSingh, President, NRAI, raisedthe issue of deep discountingand data masking by onlinefood delivery platforms.
Neuburger said that whilethere was growth potential,there were also issuesbetween aggregators and restaurateurs that needed to beaddressed.
Stephan Chau, Senior director and global head ofproduct, UberEats, added that
“restauranters want customerfeedback; they want to understand the opinions of the customers. It's extremely criticalfor them. They want to getrealtime customer feedback.”
Chau stressed upon thepoint that several restaurateurs had ideas but did nothave the ability to markettheir brands and tap new customers.
The writer is in Hong Kong at
the invitation of Uber Eats
‘India among the top markets for Uber Eats’
Uber Eats has ventured into 75
cities since its launch in 2015
V RISHI KUMAR
Hyderabad, July 10
Corporate funding — includingventure capital funding — publicmarket, and debt fi��nancing forsolarpower in the fi��rst half (JanuaryJune) of 2019 was up with $6billion raised compared to the$5.4 billion raised in H1 2018, an 11per cent increase yearoveryear.
Mercom Capital Group statedin a report that corporate funding increased in Q2 2019 with $3.3billion for 29 deals compared tothe $2.7 billion for 35 deals in Q12019. Yearonyear funding in Q22019 was around 12 per centhigher ($2.9 billion).
“Financial activity was up inthe fi��rst half of the year and thereis optimism in the global markets, which was refl��ected byclimbing solar stock prices. Demand in Europe has picked up.Solar activity in India is expectedto pick up post elections. However, China remains the wildcard,” said Raj Prabhu, CEO ofMercom Capital Group.
In H1 2019, Global VC fundingin the solar sector was 50 percent higher with $799 millioncompared to $531 million raisedin the fi��rst half of 2018.
During Q2 2019, Global VCfunding increased to $622 million in 16 deals almost 68 per centhigher yoy.
Top VC/PE deals in H1 2019 included $300 million raised by Renew Power, $144 million raisedby Avaada Energy, $65 million secured by Yellow Door Energy, $50million raised by Spruce Finance,$41 million raised by OxfordPhotovoltaics, $39 million raiseby CleanMax Solar, and the $31million raised by BBOXX.
Solar public market fi��nancingin H1 was 20 per cent lower yoyat $993 million in eight deals ($1.2billion in 12 deals).
Public market fi��nancing in thesolar sector rose to $746 millionin fi��ve deals in Q2 2019, compared to $247 million in threedeals in Q1 2019 and $1.14 billionin eight deals during Q2 2018.Largescale project funding inthe fi��rst half of 2019 saw $9 billion announced for 76 projectscompared to $8 billion in 98 project funding deals during theyearago period.
The fi��rst half of 2019 witnessed37 solar M&A transactions compared to 46 transactions in HI2018.
Corporate funding forsolar power up 11%: Report
OUR BUREAU
Bengaluru, July 10
Edtech startup Byju’s announced that it has received aninvestment of $150 million led byQatar Investment Authority(QIA), the sovereign wealth fundof the State of Qatar, with participation from Owl Ventures.
This new round will supportByju’s aggressive plans of expanding in international markets and creating worldclasslearning products for studentsacross the globe. This is the fi��rstprimary investment from QIAand Owl Ventures in India, thataims at boosting innovation inthe techenabled learning space.
“We are happy to have strongpartners like QIA and Owl Ventures on board with us. Investment from prominent sovereignand pension funds validates ourstrong business fundamentalsand demonstrates that India ispioneering the digital learningspace globally” said ByjuRaveendran, founder and CEO,Byju’s.
“High adoption and an 85 percent annual renewal from smalltowns and cities shows the increasing acceptance of digital
learning as a primary tool forlearning at home. This partnership will support and strengthenour vision of creating and delivering personalised learning experiences to students, and helpus leverage our expertise in creating immersive techenabledlearning programs for studentsin smaller cities, regions andnewer markets,” he said.
“This investment underscoresQIA’s strong commitment to theeducation sector and our focuson investing in leading innovators in the TMT industry globally,”said Mansoor AlMahmoud, CEOof QIA.
With increased brand awareness and strong adoptionamongst students, Byju’s tripledits revenue to ₹��1,430 crore in FY19and also turned profi��table on afullyear basis. It has alreadycrossed ₹��200 crore in monthlyrevenue and is estimating revenue of over ₹��3,000 crore thisyear, the startup said.
Amit Patel, MD, Owl Venturessaid: “This new partnership withByju’s reinforces our commitment to creating the best andmost unique learning journeysfor every student.”
Qatar Investment Authorityleads Byju’s $150m funding
MEENAKSHI VERMA AMBWANI
New Delhi, July 10
The National Company Law Appellate Tribunal (NCLAT) onWednesday directed VikramBakshi, the former Indian jointventure partner of Americanburger chain McDonald’s, to furnish an additional affi��davit outlining various fi��nancial details,such as the amount he receivedfrom his settlement with theAmerican burger chain.
After being embroiled in a bitter legal feud, Bakshi and McDonald’s had earlier this yearsaid that they have reached anoutofcourt settlement. Underthis, McDonald’s India said it hasacquired Bakshi’s 50 per centstake in their JV, Connaught
Plaza Restaurants Pvt Ltd.A twomember NCLAT Bench
headed by Chairperson SJ Mukhopadhaya has directed Bakshito furnish this additional affi��davit within a week. The appellate tribunal has also asked himto provide details in the affi��davitabout the “total decreed”amount pending against Bakshiin the proceedings before theDebt Recovery Tribunal. In addition, it has also sought details regarding the amount he has paidin favour of HUDCO, and the restthat he intends to pay in lieu of aonetime settlement. This comesat a time when HUDCO hasclaimed dues worth ₹��190 crorein relation to a loan granted toan entity controlled by Bakshi.
However, NCLAT rejectedHUDCO's request for disclosureof “total consideration” of thesettlement in the affi��davit.
During the proceedings,senior counsels representingBakshi said that they have proposed to pay ₹��137 crore toHUDCO, which includes proceeds from his settlement withthe American burger chain.
Meanwhile, the appellatetribunal has also asked for a dis
closure on whetherBakshi’s wifeMadhurima Bakshi has also received any amount as part of thesettlement with the Americanburger chain. The Bench addedthat on the basis of this affi��davit,it will decide whether to allowthe agreement between Bakshiand McDonald’s India.
McDonald’s and Bakshi arecurrently seeking to withdrawcases fi��led against each other before the NCLAT and acceptanceof the terms of their outofcourtsettlement. However, HUDCO’sintervention application beforethe NCLAT stating that Bakshishould pay its dues fi��rst hasdelayed this process.
In a hearing on May 28, theNCLAT had directed Bakshi tosettle its dispute with HUDCOwithin four weeks. The nexthearing at the NCLAT is scheduled for August 1.
Also wants to know ‘total decreed’ amount
pending against him in recovery tribunal
Vikram Bakshi
NCLAT directs Bakshi to revealamount received from US major
MCDONALD’S CASE
NANDANA JAMES
Mumbai, July 10
At a time when the automobileindustry is reeling under the impact of a severe slowdown, TataMotors is betting on rural markets and is planning to deepenits reach in the segment.
It will also be focussing onproduct interventions, increased retail push and enhanced marketing initiatives onits digital platforms to bolstergrowth, said SN Barman, VicePresident, Sales, Marketing andCustomer Support, Tata Motors.
The company also wants toprovide private leasing facility toits customers, keeping in mindthe changing buying patternand the preference for sharedmobility.
Presently, around 40 per centof Tata Motors’ sales come fromrural areas. “My take would bethat the retail (sales) growth inrural (areas) is going to be higherthan the retail (sales) growth in
the cities,” Barman told Business-
Line. Now that the rural markethas moved past the uncertainties wrought by the elections andwith the monsoons expected tostabilise, the company’s production will go up from the secondquarter onwards, he said.
Tata Motors currently hasmore than 500 emerging market outlets in TierII and III cities,with plans for more. Apart fromthis, it is also working on settingup mobile showrooms androlling out service vans. Rural
sales executives will also be deployed, he added.
Barman said that the ruralareas — which have over one lakhhigher secondary governmentschools and an average of 10teachers per school — hold potential that the company wantsto tap into with “ very niche marketing”.
Currently, the penetration ofcars among teachers in theseschools is around 23 per cent, hesaid. “The best part about what ishappening in Tata Motors is thatour products are quite acceptedby people. What was missing wasthe reach. That’s what we areworking on today — how to reachone lakh schools,” said Barman.
Barman said that the focus onrural markets is due to the risingpurchasing power and aspirations of people in these areas.
Meanwhile, in the metro cities, with alternative modes oftransportation, issues relating toparking and other factors, the
idea of owning multiple cars isgradually losing favour, he said.
The company is also workingon increasing its digital conversion rate. Around six monthsago, its digital conversion ratewas 12 per cent, and it has nowgone up to 56 per cent, said Barman. The company is working toimprove this rate further. It alsoplans to open around 2,000 digital showrooms soon.
Tata Motors had registered a 27per cent yoy fall in its domesticpassenger vehicle sales to 13,351units in June, as against the 18,213units it sold in the yearagoperiod. But, according to Barman, the retail sales scenario as awhole is “not as bad” as the ‘opticscenario’ or the sales to the dealers suggest. Barman said thatTata Motors has taken a “conscious call” at reducing thedealer stock. He said that sixmonths ago, Tata Motors’ stock atits factories used to operate at 2025 days, and now it is at 67 days.
Tata Motors bets on rural markets to drive growth
SN Barman, Vice President,
Sales, Marketing and
Customer Support, Tata Motors
OUR BUREAU
New Delhi, July 11
InterGlobe Aviation Ltd (IGAL)has clarifi��ed that the existenceof Related Party Transactions(RPTs) were disclosed at thetime of the IPO in 2015.
This was one of the main accusations that Rakesh Gangwal, cofounder, IndiGo Airlines, had made in hissubmission to SEBI late onTuesday.
“Post the IPO, many of theRPTs have ceased to exist whileothers have been renewed onan arm’s length basis as part ofthe normal course of business,” the airline said in a media statement.
The statement adds that InterGlobe Enterprises and itsGroup Entities (IGE) Group hasensured that no entity of thegroup takes advantage underthe RPTs. “Without exception,IGAL has received more favourable treatment from the IGEGroup entities as compared totheir other customers,” thestatement said. It added thatthe materiality of the transactions for IGAL is not signifi��cant, as it was only 0.53 per centof its consolidated turnoverfor fi��scal 201819.
IGE and its founders (RahulBhatia and family) are one ofthe two promoters of IGAL,which owns and operatesIndiGo.
‘No change in mission’Ronojoy Dutta, CEO, IndiGoAirlines, has told employeesthat the mission, directionand growth strategy of IndiGoAirlines remain “unchangedand fi��rmly in place.”
His message came less than24 hours after the war ofwords between Rakesh Gangwal and Rahul Bhatia aboutcorporate governance normsnot being properly followed inthe airline came out in theopen.
Gangwal has accused Bhatiaof various issues, including hisattempt to build an ecosystemof other companies thatwould enter into dozens of related party transactions with
IndiGo. Bhatia denied theallegations.
“The issues between themwill eventually get sorted out,but I want to stress that theseissues have nothing to do withthe airline and its functioning,” Dutta said in his message.
Impact on stock Gagan Dixit, aviation analyst,Elara Capital, said that thetussle between the two cofounders can potentially impact the decisionmaking process at the top. “If the promoters’ issue reaches a court/regulator, there might be arisk of some restrictions withregard to many transactionstill it is resolved,” he said.
“Till this is resolved, a majoroverhang would remain onthis stock, as investors wouldavoid uncertainty,” he said.
Other analysts — who declined to be identifi��ed — however, felt that if the story istrue, then corporate governance in the airline will be“hot” and the market will nolonger consider it a professionally managed company.One analyst was of the opinionthat the airline’s share pricewill take a hit since the auditors will closely scrutinise thetransactions with relatedparties to ascertain if theyhave been done as per governance norms, followingtender procedures and at FairMarket Values.
Another was of the view thatIndiGo’s success has been credited to the vision and execution skills by way of synergybetween the promoters. WhileGangwal is known to be thebrain behind the negotiationswith OEMs and suppliers, Bhatia has been the man runningthe show and operations in India.
“Clearly, the diff��erences,now snowballing into largerissues, if not settled, could result in concerns around dilution of benefi��ts/advantage toIndiGo from the synergybetween the promoters. Thiscould hurt the profi��ts/expansion plans,” the analyst added.
InterGloble Aviationcounters Gangwal’s claim
OUR BUREAU
Mumbai, July 10
Himachal Futuristic Communications Limited (HFCL) onWednesday reported a netprofi��t of ₹��117 crore for theAprilJune quarter comparedto a profi��t of ₹��47 crore in thecorresponding quarter lastyear.
The company’s consolidatedrevenue during the periodstood at ₹��1,343 crore (₹��1,088crore).
Mahendra Nahata, MD,HFCL, said: “The holistic
strengthening of organisational capabilities undertakenover the last 78 quarters is beginning to show the results.”
“We are focussed on newproducts and technologieswhich shall open additionalgrowth avenues and ensuresustainability. We also continue to leverage our corestrength of design, development and management ofcommunication networks innewer application domainssuch as railways, defence andsmart cities,” he added.
HFCL Q1 net up at ₹��117 crore
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 3NEWS
OUR BUREAU
New Delhi, July 10
India and Russia discussedways to deepen economic cooperation in areas such as agriculture and agroprocessing,the small & medium industry,the digital economy and trade,banking & fi��nance at thesecond IndiaRussia StrategicEconomic Dialogue in NewDelhi on Wednesday.
Chaired by NITI Aayog ViceChairman Rajiv Kumar andRussian Deputy Minister ofEconomic Development TimurMaksimov, the two sides examined the possibility of enhanced partnerships in sixareas which also includedtourism & connectivity and development of transportinfrastructure.
Deliberations on means tofacilitate trade, enhance banking & fi��nance cooperation andincrease opportunities for in
vestment between the twocountries took place in theround table session on cooperation in trade, banking, fi��nance and industry.
“India is concerned aboutthe bilateral trade defi��cit it suffers with Russia and wants thetwo sides to focus on ways tobalance trade,” a governmentoffi��cial told BusinessLine.
The round table session ondevelopment of agricultureand agroprocessing sectors focussed on the importance ofuse of technology and opportunities for cooperation in agriculture sector of both countries, according to the NITI
Aayog The possibility of increasing supplies of wheat,leguminous and dried vegetables, sunfl��ower and rapeseedoil from the Russian Federation and meat, poultry anddairy products from India isalready being discussed by thetwo countries.
The participants in theround table on small and medium business support sharedtheir learning from policy regimes in both the countries.“Enhancing ease of doing business and strengthening tiesand opportunities for sectorspecifi��c collaborations werediscussed,” a communication
from NITI Aayog said. The establishment of SME information portal to facilitate the dissemination of relevantinformation in the sector, identifi��cation of partners, access tocredits, technologies and markets for SMEs are other areasbeing looked at.
In tourism and connectivity,the two sides highlighted thepolicy and regulatory interventions required to boost regional connectivity and promote bilateral tourism.
Cooperation in the area ofdigital transformation andfrontier technologies could include leveraging fi��ntech solutions and exploring potentialregional collaboration forsmart cities and intelligentmobility between both thecountries.
The IndiaRussia StrategicEconomic Dialogue waslaunched earlier this year withthe objective of identifying themost promising areas to improve bilateral trade, economic and investment cooperation, and to defi��ne jointprojects in the framework ofnational programmes.
Focus on boosting
cooperation in
trade, investment,
banking, finance
NITI Aayog Vice-Chairman Rajiv Kumar and Russian Deputy Minister
of Economic Development Timur Maksimov chaired a meeting
between the two sides
India, Russia hold dialogueon enhancing bilateral ties
PRESS TRUST OF INDIA
New Delhi, July 10
The National Highways Authority of India (NHAI) expectsto get Cabinet nod for fl��oatingits infrastructure investmenttrust (InvIT) in twotothreemonths, its Chairman NNSinha said on Wednesday.
To fund the country’s ambitious highways building plans,including Bharatmala, theNHAI also plans to mobilise₹��75,000 crore from the marketthis fi��scal, he said.
“This is the fi��rst time we areattempting something likethis (InvIT), so cannot sayfi��rmly when the trust will takeshape. We expect to get Cabinet approval in twotothreemonths and the implementation will take fourtofi��vemonths,” Sinha said on thesidelines of an event here.
He said the NHAI board hasalready approved the InvIT andtalks are on with market regu
lator SEBI for its approval.InvITs are instruments on
the pattern of mutual fundsand are designed to pool smallsums of money from a numberof investors to invest in assetsthat give cash fl��ow over aperiod of time.
Besides InvIT, the NHAI islooking at raising ₹��75,000crore from the market thisfi��scal.
“This year, we propose to mobilise around ₹��75,000 crorefrom the market and a signifi��cant part of the highways development comes from the borrowings...Our Ministry islooking at creating an agencyfor fi��nancing... This is a longterm issue,” he said.
Carbon credit market
Sinha said the NHAI is alsolooking to tap the carboncredit market for various greenhighways, including the DelhiMumbai expressway that is set
to reduce travel time betweenthe two metros to 1213 hoursfrom the present 24 hours.
“We know that green highways like DelhiMumbai goesthrough a backwardarea...with controlled access,the speed of movement will bemuch more....This should alsoensure tapping the carboncredit market. Our ministry islooking at various modes ofmobilisation of resources forthe highways developmentprogramme,” he said.
Sinha said the NHAI is goingto tap all kinds of resources topropel infrastructure growthand contribute towards making India a $5 trillion economy.
He emphasised that thegrowth of economy is criticallylinked to the highways sector.
Earlier, addressing the National Roads and HighwaysSummit organised by PHDChamber of Commerce and Industry, he said due to escala
tion in land acquisition cost,Bharatmala’s timeline couldbe stretched.
“Fortyfour economic corridors have been identifi��ed forconstruction of 9,000 km under Bharatmala based on surveys of 12,000 km of routes andmapping of 600 cities,” hesaid.
Sinha said economic corridors would assure lastmileconnectivity and eventuallythe target was to reduce the existing logistics cost to about89 per cent from 1415 per cent.
Regarding electronic toll, hesaid it will be worked outwithin three months and cashpayments will be discouragedfor hasslefree movement ofcargo and passengers throughtoll plazas.
“Payment of cash will be at apremium to what we paythrough FASTag. And that isnot to discriminate but ensureeffi��ciency,” he added.
Expecting Cabinet nod for InvIT by Sept; plan toraise ₹��75,000 cr from market in FY20: NHAI chief OUR BUREAU
Ahmedabad, July 10
With corporates and startups increasingly looking for a ‘plugandplay’ setup for offi��ce functions, Ahmedabadbased coworking space provider TheAddress is planning to increase itspresence in TierII towns, such as Indore, Bhopal and Jaipur, apart frommetros.
The company, promoted by citybased entrepreneur Yash Shah, currently has about 430 seats or —43,000 sq ft — operational as coworking space in Ahmedabad.
“We are adding about 170180 seatsor 17,000 sq ft of area by January 2020in Ahmedabad. But we are also looking at expanding our reach in TierIIcities such as Indore and Jaipur, besides big cities such as Chennai, Kolkata and Hyderabad. We see a lot of latent potential for coworking space inthese markets from corporates andstartups,” said Shah. Set up in 2018,The Address is looking to add about1,000 seats to its kitty across thecountry by December 2020.
“We may also look for inorganicway to expand our reach with acquisitions. But whether an acquisition
happens or not, we plan to have 1,500seats under The Address across Indiaby end of 2020," Shah stated.
Fund infusion
Started with an initial investment ofabout ₹��3 crore, the company mayneed further fund infusion to reachits desired goal by the end of 2020.“We may look for an investor whenthe need arises,” he added.
Located in Ahmedabad, The Ad
dress currently has 100 per cent occupancy, with clients like Tata, Johnson& Johnson, Tiktok, Marico, Piramal,and Indiabulls using the coworkingspace.
Currently, the Indian market for coworking space is believed to be about8.5 million square feet, which is likelyto see an addition of about 7 millionsquare feet by 2021 across major citiessuch as Bengaluru, Mumbai, Delhi,Hyderabad and Ahmedabad.
Co-working space firm The Address eyes Tier-II cities
MAITRI PORECHA
New Delhi, July 10
Indian pharma players werepulled up fewer times by the USFood and Drug Administration(USFDA) in 2018 than in the pastyears, research agency India Ratings said in an analysis.
While up to 21.2 per cent of allplayers inspected in 2014 had received Offi��cial Action Indicated(OAI) letter from the USFDA, thisdipped to 3.6 per cent in 2018. In2019, however, a couple ofpharma players received the Offi��cial Action Indicated noticeand inspections were conducted by the USFDA at manufacturing facilities located in India andoverseas.
The report from India Ratingsalso warned that USfocussed Indian pharmaceutical playerswill be required to step up regulatory compliance in the upcoming decade as they invest incomplex generics, and specialised and innovative plays.
In May this year, Aurobindo
Pharmaceuticals, in a fi��ling withthe stock exchanges, declaredthat it had received OAI noticesfrom the USFDA for three of itsmanufacturing plants. Lupin’sPithampur facility and JubiliantGenerics Limited’s Nanjangudand Roorkee facilities had alsoreceived OAI notices that directed the companies to step upcompliance in their manufacturing facilities.
According to analysts, warn
ing letters that are issued afterlack of action on the OAI noticesignifi��cantly impacted thecredit profi��les of Indian pharmacompanies. For example, Wockhardt’s business and fi��nancialprofi��le has been signifi��cantlyimpacted due to escalating regulatory deviations across multiple facilities since 2014. “Thecompany’s revenue and operating profi��tability was impactedby lack of approvals and its manufacturing facilities continue tobe under regulatory restrictionstill date,” stated the report.
Dr Reddy’s Labs business toowas impacted over 201718, as itsUSbased business erodedthrough the fi��nancial year.
Ankit Bhembre, Senior Analyst at India Ratings, said: “Indian pharmaceutical companies need to step up theirregulatory compliance to secure an impeccable reputationas reliable suppliers and providethe targeted return on the ongoing and planned research and
development and capital investments over the next decade.”
In its decadal pharmaceuticaloutlook report, India Ratingsalso said that Indian formulators’ product portfolio mix willundergo a structural shift in thecoming decade on account ofmovement up the value chainleading to near doubling of research and developmentinvestments.
Bhembre said that in the lastnine years, between 2010 to2019, the top ten listed Indianpharma players spent ₹��687 billion on an average on researchand development (R&D), whichis about 7.6 per cent of their revenue. “This is likely to doublebetween 2020 to 2030 on ultracomplex generics pursuits andrise in fi��ling costs,” the analysisstated. In 2010, these companiesspent only 5.6 per cent of theirrevenues on R&D, which rose toan alltime high of 9 per cent in2017, before plummeting to 7.8per cent in 2019.
Spending on R&D is likely to
double between 2020-2030
on ultra-complex generics
pursuits and rise in filing costs
‘Pharma fi��rms should step up regulatory compliance’OUR BUREAU
Ahmedabad, July 10
Drugmaker Intas Pharmaceuticals Ltd announced thelaunch of Romiplostim in India under the brand nameRomy, making therapy forchronic immune thrombocytopenia (ITP) aff��ordable for patients. ITP is an autoimmuneblood disorder which leads tolow platelet counts.
The newlylaunched drugwill cost just onefi��fth of theprice of the current nmedication: The currently availablecare therapy for chronic ITPcosts approximately ₹��60,000per month, while Romy hasbrought it down to ₹��12,000.
Romiplostim represents thestandard of care, but has beenavailable only internationallysince 2008. It is estimated thataround 42,000 patients arediagnosed with ITP in Indiaevery year. Less than 10 percent of patients have access tothe treatment, which is required to maintain adequateplatelet counts for a longerduration.
Intas launches cheaper drug totreat chronic ITP
OUR BUREAU
New Delhi, July 10
Korean consumer electronicsmajor LG India on Wednesdaysaid it will continue to focus onits ‘MakeinIndia’ strategy, as itaims to increase its market sharein the TV segment this year withthe launch of the new range of itsAI ThinkQ TVs.
The new range comes withbuiltin Amazon Alexa, GoogleAssistant and Apple Airplay2 capabilities.
The company believes this willenable it to increase its overallmarket share to 27 per cent in theTV segment by the end of thisyear from the current 25 per cent.
The consumer durable industryhas been urging the governmentto reduce the customs duty onopen cell television panels from5 per cent to nil. However, the anticipated announcement did notcome through in the budget.
Replying to a query, YounchulPark, DirectorHome Entertainment, LG Electronics India said:“As a strategy, LG has been focussing on “Make in India” and havebeen investing in our manufacturing capacities in the country.However, it is very importantthat there is no demerit or disadvantage of manufacturing in India.” He added that reduction ofcustom duty on open cell TV pan
els from 5 per cent to zero is animportant demand of the industry. Park also pointed out thatunlike LG which has been focussed on manufacturing TVs inIndia, other brands are importing TVs from Vietnam, Malaysiaand Thailand at zero dutythrough the FTA route.
Asked if the company will rethink its manufacturingstrategy, Park said: “As of now, weare not doing any such rethink.We will continue to make in India as we focus on the needs ofthe Indian customers fi��rst and offer them value and best technology products.”
Meanwhile, the company said
that its new AI ThinkQ TV rangestarts from ₹��24,990 (for 32inches) and goes upto₹��10,99,990 (for 77 inches). Therange includes various modelsunder Smart TVs, UHD TVs, LEDTVs, NanoCell TVs and OLED TVs.
Park said: “With this builtintechnology, users of LG televisions will be able to do muchmore than simply watching TVlike reading news updates or ordering food...so essentially, theycan control their surroundingsin a much easier and effi��cientway. We believe this will enhancethe home entertainment experience of both our existing and future consumers.”
Will continue to focus on Make in India, says LG
OUR BUREAU
Mumbai, July 10
A new variant of mobile malware — ‘Agent Smith’ — has infected 15 million mobile devicesin India and about 25 milliondevices globally as the user remains completely unaware, according to a study by CheckPoint Research.
The primary targets, so far,are based in India though otherAsian countries such asPakistan and Bangladesh arealso aff��ected, Check Point Research, the threat intelligencearm of Nasdaqlisted CheckPoint Software Technologies,said.
Disguised as a Googlerelatedapp, the core part of malwareexploits known Android vulnerabilities and automaticallyreplaces installed apps on thedevice with malicious versionswithout the user’s interaction,the study said.
Agent Smith uses its broadaccess to the deviceresources toshow fraudulent ads for fi��nancial gain, but could easily beused for far more intrusive and
harmful purposes such asbanking credential theft andeavesdropping. This activity resembles previous malwarecampaigns such as Gooligan,Hummingbad and CopyCat, itadded.
“The malware attacks userinstalled applications silently,making it challenging for common Android users to combatsuch threats on their own,” saidJonathan Shimonovich, Headof Mobile Threat Detection Research at Check Point SoftwareTechnologies. “Combining advanced threat prevention and
threat intelligence while adopting a ‘hygiene fi��rst’ approach tosafeguard digital assets is thebest protection against invasive mobile malware attacks likeAgent Smith. In addition, usersshould only be downloadingapps from trusted app stores tomitigate the risk of infection asthird party app stores often lackthe security measures requiredto block adware loaded apps,”he added.
Agent Smith was originallydownloaded from the widelyused third party app store9Apps and targeted mostlyHindi, Arabic, Russian, Indonesianspeaking users. So far, theprimary victims are based in India though other Asian countries such as Pakistan andBangladesh have also been impacted.
There has also been a noticeable number of infecteddevices in the United Kingdom,Australia and the US. CheckPoint has worked closely withGoogle and at the time of publishing, no malicious apps remain on the Play Store.
Malware ‘Agent Smith’ has infected 15 million mobile devices in India
The malware exploits known
Android vulnerabilities and
automatically replaces
installed apps on the device
with malicious versions
................CH-CHECMYK
CHENNAI
4 BusinessLine THURSDAY • JULY 11 • 2019NEWS
OUR BUREAU
New Delhi, July 10
Any business entity with 10 ormore workers will mandatorily be required to issue appointment letter and also getthe medical checkup doneannually for all its workers.Also, women can voluntarilyopt for working in night shift.
All these are part of Code ofOccupational Safety, Healthand Working Conditions Bill,2019, which was approved bythe Cabinet in its meeting onWednesday. This is the secondof the four codes that aim tomerge 44 labour laws. Justlast week, the Cabinet approved the Code on Minimum Wages Bill that prescribes mandatoryminimum wages besideother things. Now, both ofthese Bills will be tabled inthe Lok Sabha during ongoing session.
Occupational safetyThe Code of OccupationalSafety, Health and Working
Conditions Bill, 2019 has beendrafted after amalgamation,simplifi��cation and rationalisation of the relevant provisions of the 13 Central LabourActs. It would enhance thecoverage of the safety, healthand working conditions provisions manifold as compared to the present scenario.Labour Minister SantoshGangwar told reporters thatthe new Bill will cover over 40crore workers in the informalsector.
The new Bill has envisageduniform threshold for welfare provisions such ascrèche, canteen, fi��rst aid andwelfare offi��cer.
Another provision saysthat a part of the penalty forcontravention of provisionsleading to death or seriousbodily injury to any personmay be given to the victim orthe legal heirs of the victimby the court.
The part of penalty wouldhelp in rehabilitation of injured worker or provide fi��n
ancial support to the familyof deceased.
The Bills also talk aboutpermitting women to workbeyond 7 pm and before 6 amsubject to safety, holidays,working hours or any condition as prescribed by appropriate government in respectof prescribed establishmentsand only after taking theirconsent for night work, theBill says.
Ease of doing businessGangwar also informed thatthe Bill has provisions notonly for the benefi��t of workers but also aims to ensureease of doing businesses forfi��rms. It prescribes one registration for an establishment.
At present six labour Acts outof 13 provides for separate registration. The provision ofone licence one return inplace of multiple licencesand returns in existing 13 labour laws subsumed in thecode. One licence and one return would save time, resources and eff��orts ofestablishments.
According to a government statement, safety,health, welfare and improvedworking conditions are prerequisite for wellbeing of theworker and also for economicgrowth of the country ashealthy workforce of thecountry would be more productive and occurrence ofless accidents and unforeseen incidents would be economically benefi��cial to theemployers also. With the ultimate aim of extending thesafety and healthy workingconditions to all workforce ofthe country, the Code enhances the ambit of provisions of safety, health, welfareand working conditions fromexisting about nine majorsectors to all establishmentshaving 10 or more employees.
Labour safety code okayed; will benefit
40 crore workers in informal sector
Santosh Gangwar,
Labour Minister KAMAL NARANG
All workers to receive appointmentletter; night-shift option for women
OUR BUREAU
New Delhi, July 10
Small businesses taking deposits from friends and relatives for purely business purposes will not come underthe preview of Banning ofUnregulated Deposit SchemeBill, the government reiterated on Wednesday. However, deposit scheme operated by jewellers will beillegal.
The Cabinet, in its meetingon Wednesday, approved reintroduction of the Bill. TheBill, though passed by theLok Sabha during fi��rst termof the Narendra Modiledgovernment, however, couldnot be taken further and fi��nally lapsed with the end of16th Lok Sabha. An Ordinance was promulgated inFebruary which will cease tooperate from fi��rst week ofAugust. Now, in order to ensure continuity, the government decided to approve theBill.
Information and Broadcasting Minister PrakashJavadekar told reporters thatthe new Bill will have all theprovision of Ordinance.
There will be more clear provision on small businessestaking loan from friends andrelatives for genuine business purposes, he said asmany members in the previous Lok Sabha pressed theneed for that.
Obligation on deposit takerThe Bill has provisions to impose an obligation on the deposit taker, pursuant to a regulated deposit scheme, notto commit any fraudulentdefault in the repayment orreturn of the deposit; toprovide for deterrent punishment for promoting oroperating an unregulateddeposit taking scheme andto provide for punishmentfor fraudulent default in repayment to depositors. Imprisonment could be up toseven years and/or penaltyamount could go up to ₹��25crore or three times of illegalprofi��t, which so ever ishigher.
It also prescribes designation of a Competent Authority by the State governmentto ensure repayment of deposits in the event of defaultby a deposit taking establishment. The Bill, once enacted,empowers the Central government to designate an authority which will create,maintain and operate an online database for information on deposit takers operating in India. It also conferspowers and functions uponthe Competent Authority, including the power to attachassets of a defaultingestablishment.
In the past four years, 146cases of illegal deposits hadbeen investigated by theCentral Bureau of Investigation, 56 by the EnforcementDirectorate, 32 cases involving 223 companies by theMinistry of Corporate Aff��airsand the Serious Fraud Investigation Offi��ce and 978 caseswere referred to various investigating enforcementagencies by the State Coordination Committees.
SEBI alone has passed 64orders against unauthorisedcollective investmentschemes in the last threeyears. Though there is no offi��cial estimate of money involved in all these cases,rough estimates put the fi��gure at over ₹��4 lakh crore.
Small businesses
taking deposits
from friends and
relatives spared
Bill to ban unregulated deposit schemes approved
Prakash Javadekar PTI
BLOOMBERG
July 10
Along with other doctors in Indian cities facing unprecedented water shortages, TN Ravisankar in Chennai is prayingfor rain and soon.
Treating patients will “depend on God’s mercy” if watersupplies in Chennai aren’t replenished shortly, said Ravisankar, Chairman of Sudar hospitals, a chain of four clinicswith 150 beds. Piped water athis hospitals has already driedup, and even the more expensive water trucks he now relieson may be unavailable soon inTamil Nadu.
“The cost escalation willhave to be passed on to patients, who will have to spendmore,” Ravisankar said. “If thesituation continues, after amonth we won’t be able toserve patients.”
Weak monsoonFailed rains last year anddelays in this year’s annual
monsoon have left nearly halfof India facing droughtlikeconditions, according to theSouth Asia Drought Monitor.Tamil Nadu is trapped in asevere dry cycle along withKarnataka, Andhra Pradeshand Maharashtra.
Up North, New Delhi has recorded the worst monsoondelay in 45 years. With pipedwater supply available to lessthan a fi��fth of Delhi homes,political parties have tradedbarbs with the State government over the lack of planning for watertruck suppliesto large swathes of the city.
As the impact of climatechange worsens, water isshaping up to be a serious economic risk in Asia’s thirdlargest economy. Desertifi��cation, land degradation anddrought cost India about 2.54per cent of gross domesticproduct in 201415, accordingto a study last year by the Environment Ministry.
India has witnessed wide
spread droughts in four of thepast fi��ve years, and the government forecasts that per headavailability of water will fall by35 per cent next year from2001 levels. Hospitals, whichrely on water for sanitationand preventing infections, aresuff��ering as the cost of waterrises.
The administration ofPrime Minister NarendraModi, who promised an ambitious healthcare expansionahead of his reelection in May,announced a water conservation awareness programmeon July 1. Yet it’s unclear if themeasures will be enough toensure a steady supply ofclean water.
“Not many are informedabout just how big thedangers are,” said ArivudaiNambi Appadurai, head of India adaption strategy at theWorld Resources Institute, aWashingtonbased group thatresearches ways to protect theenvironment. The quality ofwater being bought even byhomes in droughtstruckareas has caused allergies,
sending more patients to localhospitals in places likeChennai.
“Almost all of Chennai’shospitals are now completelydependent on the more than5,000 privatelyownedtankers that ferry wateraround the city every day,” according to N Nijalingam, President of the Tamil NaduPrivate Water Tanker LorryOwners Association. But it’sbecoming tougher to sourcewater even from 100 km away,
he said. “If the situation continues, after a month we won’tbe able to supply water even tothe people who can pay a hugesum for a tanker of water,” hesaid.
The price of a 12,000litrewater truck soared from₹��1,200 in April to as high as₹��6,000 since shortages began,The News Minute website reported. Smaller nursinghomes and clinics in Chennai,a medical tourism hub, havebeen hit harder than larger
hospitals that have moremoney, according to BalajiVenu Gopal, a vascular surgeon at Apollo Hospitals inChennai.
“Nobody has come outopenly to raise the issue andseek government support sofar,” said Venu Gopal. “But thecrisis is defi��nitely cutting theprofi��t margin of the medicalindustry.”
The water shortages riskfurther hurting the alreadystruggling Staterun healthsystem. India spends onlyaround one per cent of GDP onhealthcare, and aims to increase it to 2.5 per cent by2025. By comparison, nationswhose entire populationshave access to health servicesspend as much as 6 per cent ofGDP on insurance and healthcare, according to the WorldHealth Organization.
“The pressure on us risesevery time there’s a drought,”said Ashok Thorat, chief medical offi��cer at a staterun hospital in Beed, Maharashtra.
“More people turn up at ourgovernment hospital because
private clinics have to paymore to buy water and pass oncosts to patients. We can arrange at least some free waterfrom the municipal corporation, but even that has limits.”
Thorat says his hospital,which serves a town of147,000 people about 380 kmeast of Mumbai, had to buytwo water trucks of about10,000 litres each in May. His500bed hospital neededmore trucks in June after rainsfailed and piped suppliesstopped.
‘Need long-term solution’In Chennai, Ravisankar says alongterm solution is needed.Rainfall in southern India thisweek was 30 per cent belownormal levels, according tothe India MeteorologicalDepartment.
“Right now, there’s an emergency so the government isbringing water by trains,” Ravisankar said, referring to supplies that are typically reserved for drinking waterinstead of hospitals. But beyond this? It’s all left to nature.
Chennai’s worsening drought forcing doctors to buy water for surgeryHospitals are now almost completely
dependent on privately-owned tankers
Residents wait in line to fill pots from a water truck BLOOMBERG
CABINET DECISIONS
OUR BUREAU
New Delhi, July 10
States that have undertaken agricultural reformswill get priority while theCentre plans to consolidate1.25 lakh km of rural roadsat a cost of ₹��80,250 crore.
The Cabinet Committeeof Economic Aff��airs (CCEA)has approved the launch ofthird phase of PradhanMantri Gram Sadak Yojana(between 201920 and202425), PrakashJavadekar, Minister for Information & Broadcasting,told media persons afterthe Cabinet meeting hereon Wednesday.
This involves consolidation of 1.25 lakh km at an estimated cost of ₹��80,250
crore, which will shared bythe Centre and States. Theroads will be selected basedon population served, market, educational and medical facilities.
Marketing produceAlso, States that have adopted reforms in State Marketing Produce will be prioritised for connectingvillage roads. “States thathave amended State marketing regulations to adoptmajor proreform provision of State/UT Agricultural Produce and Livestock Marketing(Promotion and Facilitation) Model Act, 2017 shallbe accorded priority,” saidthe release.
Plastic waste, among others, can be used for constructing these roads.Moreover, the Cabinet nodhas a provision for allowingpeople to plant trees alongthe roads, for which theywill be paid through Mahatma Gandhi NationalRural Employment Guarantee Scheme and other Stateand Central schemes.
From the total cost, almost ₹��53,800 crore will beborne by the Centre. Projects will be built after theStates enter into agreements with the Centre andStates have responsibility tomaintain the roads for fi��veyears.
For all State barring thosein hilly terrains, the Centreand State will share the costin 60:40 share. For the eightNorth Eastern and three Himalayan States – Jammu
Kashmir, Himachal and Uttarakhand — the cost will beshared on a 90:10 ratio.
The PMGSY was launchedin December 2000 toprovide single allweatherroad connectivity to unconnected habitation of withpopulations of over 500 inplain areas and over 250 inNorthEast, hill, tribal anddesert areas as per Census,2001.
The release stated that 97per cent of the eligible andfeasible habitations havealready been connected byallweather road. The CCEA,on August 9, 2018, approvedcontinuation of PradhanMantri Gram Sadak Yojana Iand II, covering the remaining habitations by March2019 identifi��ed as those hitby Left Wing Extremistblocks (with population of100249) by March 2020.
Pro-agriculture reform States will
get priority access to funds
₹��80,250crore programme to connect village roads
MAMUNI DAS
New Delhi, July 10
With privatisation of the Indian Railways, trade unionsfear that moving people andgoods by trains will becomemore expensive and theremay be paring down of permanent employees.
Santosh Roy, President, AllIndia Central Council of TradeUnions (AICCTU), told Busi-
nessLine on the sidelines of
the protest here today thatthere were apprehensionsthat there could be largescaleemployment of contractworkers in the Indian Railways while permanent workers lose their jobs.
Earlier, other trade unionbodies like the All India Railway Federation and the National Federation of IndianRailwaymen also sought aclear bluebrint on how the
Railways intended to turnaround production units bycorporatising them.
Referring to the Indian Railways’ proposal of running Tejas train through private operators, Roy said the railwayswere run through privatefi��rms during British days.They were also against the implementation recommendation of NITI Aayog.
The AICCTU noted thatalready there is a sharp dropin number of people employed by the Railways frompretty over 16 lakh employees
to some 11 lakh employees.Despite increase in outsourcing, there has not been acorresponding improvementin services. The AICCTU saidthe government should havestated its privatisation plansbefore the elections.
Incidentally, the Indian Railways is also on its largest hiring spree. It started the process about a year ago for thefi��rst round of hiring in severalphases to recruit over one lakhemployees, for which it gotover one crore applications.Earlier this year, the Railway
Minister Piyush Goyal had alsoannounced his plans to hirefour lakh people in advance.
Recently, in a related question on how the Indian Railways will balance the two confl��icting goals of adoptingtechnology and largest number of people being hired,Goyal told BusinessLine thatthe growth of the Indian Railways will make it possible forthe national transporter to absorb people and adopttechnology.
Referring to the Indian Railways’ proposal of running Te
jas Express train throughprivate operators, Roy statedthat the Railways were runthrough private fi��rms duringBritish days, and were used tomove only the army.
“Why did the governmentnot share their intent privatise the Railways before theelections,” asked Roy.
Cabinet move to motivate RPFThe Railway Protection Force(RPF) will get an OrganisedGroup A service, following aCabinet approval by the Narendra Modiled government
here on Wednesday. The RPFwill end stagnation, improvecareer progression of the offi��cers and keep up their motivational level. Eligible offi��cersof RPF will get benefi��ted, itadded.
High Court of Delhi vide itsorder dated December 4, 2012had directed the Railways togrant Group ‘A’ Service statusto RPF. Same was upheld by theSupreme Court on February 5,2019. Accordingly, the RailwayBoard had proposed for grantof Organised Group ‘A’ Servicestatus to RPF.
Technology adoption and jobs can
co-exist, says Minister Piyush Goyal
Privatisation of Railways will raise cost of train services, fear unions
OUR BUREAU
New Delhi, July 10
The Union Cabinet has givenits nod to amend certain sections of Protection of Children from Sexual Off��ences(POCSO) Act, 2012 to includeprovision of death penalty incases of sexual off��encesagainst children.
“The modifi��cation is madeto address the need for stringent measures required todeter the rising trend of childsex abuse in the country onone hand and to address themenace of relatively newkind of crimes on the other
hand,” Prakash Javadekar,Minister for Information &Broadcasting, told mediapersons.
“Sections four, fi��ve and sixare proposed to be amendedto provide option of stringent punishment, includingdeath penalty, for committing sexual assault and aggravated penetrative sexualassault crime on a child toprotect the children fromsexual abuse,” according toan offi��cial statement.
Amendments are also proposed in Section 9 to protectchildren from sexual off��ences
in times of natural calamitiesand in other situations wherechildren are administered, inany way, any hormone or anychemical substance, to attainearly sexual maturity for thepurpose of penetrativesexual assault. Amendmentsare also proposed in Section14 and 15 of the POCSO Act tolevy fi��ne for not destroying,deleting or reporting the pornographic material involvinga child with an intention toshare or transmit it.
Amendment is proposedto be carried out in Section 2,4, 5, 6, 9, 14, 15, 34, 42 and 45.
POCSO Act amended: Deathpenalty for child sex abuse
OUR BUREAU
New Delhi, July 10
The Union Cabinet on Wednesday decided to amendthe InterState River WaterDisputes Act, 1956, to ensurefaster and more effi��cient adjudication of river waterdisputes between riparianStates.
Per the proposed amendment, all InterState riverwater disputes will behandled by a single national level tribunal inplace of multiple tribunalscurrently exist in thecountry.
“A new tribunal with permanent establishment andpermanent offi��ce and infrastructure will obviate theneed for establishing a separate tribunal for each water dispute, which has beenfound timeconsuming,” anoffi��cial statement said.
The tribunal is planned insuch a manner that all disputes will have to be settledwithin a timeframe of twoyears, said PrakashJavadekar, Minister of Information andBroadcasting.
According to Javadekar,there are currently nine different tribunals in thecountry and many of themhave been operational fordecades. Some of the majorwater dispute tribunals forallocating river water useby the riparian States arethe rivers of Cauvery, Narmada, Godavari andKrishna.
The idea of the singletribunal with diff��erentbenches is to make thepresent institutional architecture robust, Javadekarsaid. The fi��xation of stricttimelines would result inexpeditious resolution ofdisputes relating to interState rivers.
Under the existing Act,there is a provision for establishing a dispute resolution committee by theCentre for resolving amicably within a maximumperiod of one and halfyears. But when it is notsettled through the mediation, the Centre constitutes a water disputetribunal for the adjudication of the dispute.
Single tribunal to arbitrate rowover river water
HERITAGE HOTEL in Kochi with13 rooms near Durbar Hall Road Mob:8884577017 [email protected]
REAL ESTATE
SELLING
COMMERCIAL
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 5BANKING
Rupee trips 7 paise to 68.58Mumbai, July 10
The rupee declined by 7 paise to close at 68.58
against the US dollar on Wednesday, pressured
by persistent foreign fund outflows and
firming crude oil prices. At the forex market,
the domestic unit opened weak at 68.61 and
soon slipped to hit the day’s low of 68.67.
However, it pared some losses to touch a high
of 68.48, before finally closing at 68.58,
showing a loss of 7 paise over its previous
close.. The 10-year government bond yield was
at 6.54 per cent. PTI
ICICI Securities to sell retail loansMumbai, July 10
ICICI Securities has diversified its business model
to include offering of retail loans through its
online (ICICI Direct) platform and offline
channels, which includes a network of nearly
200 branches. “This service is inclusive of
products such as personal loans, home loans,
loan against property, auto loans, and credit
cards offered by ICICI Bank,” it said in a release on
Tuesday, adding that it will earn a distribution
commission for selling these products. Stating
that this is a new revenue stream for the
company, Vijay Chandok, Managing Director and
Chief Executive of ICICI Securities, said retail
distribution is a fast-growing segment and entry
into this segment marks its presence in the
entire financial planning journey of their
customer’s lifecycle. Over five lakh I-Sec
customers are already pre-approved and credit-
cleared who can avail of personal loan through
the ICICI Direct platform without any
documentation. OUR BUREAU
QUICKLY
SURABHI
Mumbai, July 10
In a step that will help easecompliance hassles for lifeinsurance policy holders,the Budget proposed a 5per cent tax deducted atsource (TDS) on net insurance proceeds. The provision will come into eff��ectfrom September 1, 2019.
This means that for suchpolicies, net insurance proceeds — which is theamount payable minustotal premium paid — willbe taxed at 5 per cent.
TDS is deducted at 1 percent of gross proceeds atthe time of payment, as percurrent norms.
At present, under section194DA of the Income TaxAct, a person is obliged todeduct tax at source if theperson pays any sum to aresident under a life insurance policy, which is not exempt under subsection
(10D) of section 10. “Severalconcerns have been expressed that deducting taxon gross amount createsdiffi��culties to an assesseewho otherwise has to paytax on net income (that isafter deducting the amountof insurance premium paidby him from the total sumreceived),” said the Memorandum to the Finance Bill,2019, adding that it will alsohelp tax administrationeasily match the TDS.
Riders attachedInsurers said the provisionis for only specifi��c covers,which are largely singlepremium as most policieshave a 10time cover andare so outside the ambit oftax.
“Most insurance policiesdon’t fall under the ambitof this tax provision because it only applies forthose policies which arenot exempt under section10(10D), that is policieswhich do not have a minimum 10 times life cover.Even for policies which will
attract this tax, the newproposal of 5 per cent TDSis possibly better as it isonly applicable on the netgains (total payout lesspremiums paid). Atpresent, one per cent TDS islevied on the total payoutexceeding ₹��1 lakh, so therecould be situation wherethe customer ends up paying TDS even if s/he has nothad any gains,” said AshwinB, Chief Operating Offi��cer,Exide Life Insurance.
Smoother IT filingSatyan Jambunathan, ChiefFinancial Offi��cer, ICICIPrudential Life Insurance,also welcomed the moveand said it will facilitatesmoother tax compliancefor the customer.
“This is because generallycustomers mention onlythe net income in their income tax returns, whereasForm 26AS refl��ects the totalproceeds on which tax hasbeen deducted, thus leading to a mismatch. Goingforward, such instances canbe avoided,” he said.
Insurers say 5% TDS on net proceedsof life cover will ease tax compliance It avoids cases of
tax cut even while
there is no gainOUR BUREAU
Mumbai, July 10
State Bank of India Chairman Rajnish Kumar on Wednesday indicated that there may be a need toamend the Insolvency and Bankruptcy Code after the ruling ofthe NCLAT in the Essar Steel case.
“Let us see what works out.There have been in the past, and ifrequired, there can be moreamendments to the IBC. Let us bepatient,” he told reporters on thesidelines of launching a book onHDFC Bank. Kumar said that if secured fi��nancial creditors are putat par with operational creditors,it can be a disincentive. “We are adiff��erent class of creditor,” hesaid, adding that in liquidationlenders are the top priority alongwith employees.
The NCLAT earlier this monthhad approved ₹��42,000crore bidof ArcelorMittal to take over EssarSteel. But lenders will have to takea larger haircut as NCLT allowed abigger share to operational creditors than what was envisaged byCommittee of Creditors.
As NCLAT rulingon Essar Steelpinches banks,SBI chief says IBCcan be amended
VINSON KURIAN
Thiruvananthapuram, July 10
SunTec Business Solutionshas launched in London theXelerate Digital Core, a ‘lowrisk approach for banks to accelerate digital transformation without having to replace their functionallystable legacy core systems’.
Xelerate seeks to simplifythe process by ‘hollowing outcustomer engagement functions’ from the core systemand managing it as a horizontal crossenterprise layer.
These include product innovation capabilities, sophisticated customer data management, partner ecosystemand revenue managementand pricing.
Digital transformationWith this approach, bankscan quickly adopt new technologies, add more functionalities and capabilities, off��ercustomised products and enhance the customer experience.
The goal is transition froma productbased to an agile,customerfi��rst organisation,
according to K Nanda Kumar,CEO, SunTec.
This aligns with ForresterVicePresident and PrincipalAnalyst Jost Hoppermann’sanalysis on what banks needto do to succeed with digitaltransformation.
Nanda Kumar quoted Hoppermann as observing in‘The State Of Digital BankingTransformation,2019’ report that“the digitalbanking transformation imperative hasnever been asrelevant astoday”.
“Banks urgently need tomove to a stateoftheart application landscape. Withoutone, they will fi��nd it hard todo more than merely survivethe next decade.”
SunTec’s emphasis is onthe simplicity of how thiscan be done, Nanda Kumarsaid. “Our goal is help banksdelink their digital trans
formation aspirations fromthe state of their legacysystems.”
Agility and flexibilityXelerate equips banks withthe agility and fl��exibility required to make their digitaltransformation plans a success. It allows banks to bring
together diff��erent facets oftechnologies tocreate new customer experience.
SunTec hasteamed up withCapgemini tobring personalised customerengagementsolutions toglobal fi��nancialservices clients
with Xelerate Digital Core.Anirban Bose, CEO, Cap
gemini’s Financial Services,said: “SunTec is an importantpart of the partner ecosystem as we seek to off��er themost powerful and relevantoff��erings to meet the needsof our global client base.”
SunTec launches solutions to helpbanks with digital transformation
WXThe company claims
that banks can
quickly adopt new
technologies, add
more functionality
and capabilities,
offer customised
products and
enhance the
customer experience
with its offering
OUR BUREAU
Mangaluru, July 10
Corporation Bank has settled atotal of 1,148 claims under twosocial security schemes of thegovernment during 201819 andup to May of the current fi��scal.
A press release said here onWednesday that the banksettled 776 claims under thePradhan Mantri Jeevan JyotiBima Yojana (PMJJBY) in 201819,and 123 claims up to May of thecurrent fi��nancial year. Thescheme provides insurancecover to citizens in the agegroup of 18 to 50 years at an annual premium of ₹��330.
The bank settled 211 claimsunder Pradhan Mantri Suraksha Bima Yojana (PMSBY) during 201819, and 38 claims up toMay of 201920. PMSBY providesaccident insurance cover to citizens in the age group of 18 to 70years at a premium of ₹��12 perannum.
The schemes are linked tosavings bank accounts. Thepremium is deducted automatically from the bank account ofthe insured person, it said.
Corp Bank settles1,148 claims undersocial securityschemes
G BALACHANDAR
Chennai, July 10
TT Srinivasaraghavan, Managing
Director of Sundaram Finance, a
leading non-banking finance
company (NBFC) that is part of TVS
group, feels elated as NBFCs’ role
has been acknowledged
for the first time by a
Finance Minister in
Budget speech. He
welcomed the
measures put forth by
Finance Minister Nirmala
Sitharaman to address some of
the burning issues facing the
sector. Srinivasaraghavan spoke to
BusinessLine about the liquidity
scenario, slowdown in the
automobile sector and near-term
challenges. Excerpts:
Have liquidity constraints
eased now in the NBFC sector?
Liquidity is better. For some ofthe larger NBFCs, liquidity haseased. Actually, for many of thebigger players, liquidity was always available but it came at ahigher cost after the IL&FS issuefl��ared up in Q3 of last year.
In the last month or so, thecost of funds has eased which, Ibelieve, is refl��ective of the factthat liquidity too has started easing. From Q3 of FY19 to Q1 of thisfi��scal, we are defi��nitely in a better place. However, for medium
and small players, I don’t think liquidity has eased. They were actually untouched by the capitalmarket happenings and werelargely dependent on bank borrowings. With banks tighteningthe screws on lending to the
smaller players and also increasing the rates, theyhave been badly hit.
Numerically, they arelarge and it is they who deliver much of the last mile
credit. If there is a greater pushby the government/RBI and ifbanks free up the funds a littlebit, the situation with the medium and small NBFCs willimprove.
What do you have to say on
the issue of ALM (asset-liability
mismatch) in the NBFC sector?
There is no ALM problem formost of the NBFCs. This is mostlyuninformed discourse thatNBFCs have an ALM issue. Whereis the question of ALM for vehiclefi��nancing NBFCs, which have anaverage lending duration of 35years, or consumer durable fi��nancing NBFCs, which have assettenures of 12 months or less?
The HFCs (housing fi��nancecompanies) have an issue interms of assetliability mismatchgiven that they lend for 1520years and there is no longterm
funding source available forthem.
That is a systemic issue butthat again is nothing new. It hasbeen there for decades. But it isimportant to realise that thereare no ALM issues for the overwhelming majority of NBFCs.
Is there any hope for revival in
the commercial vehicle (CV)
sector in the near term?
The fi��rst six months of the lastyear was a boom time for the CVsector. But starting from Q3, salesdropped month after month, including in Q1 of the current year.
The actual problem startedwith the introduction of the revised axle load norms. That cameat a time when CV sales were at apeak. It created a 1520 per centexcess capacity, especially in theM&H (middle and heavy) CV segment. Rural sentiment was negative, freight movement hasbeen sluggish, thereby resultingin the M&H CV segment goinginto a free fall.
And now there is talk of BSVIand prebuying ahead of thelaunch. My own feeling is thateven if there is prebuying, it willbe a limited one, largely drivenby replacement buying. Evenwith that, the CV sector is likelyto go through a bumpy ride overthe next 1218 months.
There are lots of unknownssurrounding BSVI, includinghigher initial cost, availability offuel across the country, and soon. But this is not the fi��rst timewe are seeing this downturn.
Cyclicality is a known factor inthe CV sector. I expect a revival inthe second half of FY21.
What is your take on the
slowdown in other auto
segments?
The biggest worry is the passenger car segment. CV is cyclicaland there it is a question of‘when’ and not ‘if’. But in the caseof passenger vehicles, one wonders what will trigger the revivaland the turnaround.
The outlook is currently bleakfor the passenger vehicle segment. This is the more worryingarea because of the cascading effect it can cause. The recentbuzz around Electric Vehicles
will only add to the confusion inthe customers’ minds.
What is Sundaram Finance’s
strategy this year in light of
the CV slowdown?
What we have done well over theyears is to develop a diversifi��edportfolio.
If you look at our FY19 numbers, we did not grow in the CVsegment and yet we registeredan increase in disbursements ofalmost 10 per cent, which is anindication of strong growth inother segments. It is a questionof shuffl�ing the pack and beingnimblefooted.
It is certainly going to be atough year. But there still areareas of opportunity to increase
our market presence andmarket share. There are
pockets of opportunity in the marketwhich we can tap.
Even in the CV segment, there aregaps in the market.
Infrastructure is a big story,today and for the future. The continuing focus of the governmenton the infrastructure space willhelp boost the constructionequipment segment.
If the monsoon turns out well,the farm sector could see a revival and positive rural sentiment will result in increasedconsumption spending.
We see good growth prospectsin the construction equipment
and farm equipmentsegments.
‘There is no asset-liability mismatch for majority of NBFCs’
ZYHFCs have an issue in
terms of asset-liability
mismatch given that they
lend for 15-20 years... That is
a systemic issue but that
again is nothing new. It has
been there for decades
TT SRINIVASARAGHAVANMD, Sundaram Finance
YZ
O
BLOOMBERG
July 10
In one of the darker weeks forfi��nance jobs, Citigroup Inc saidit’s planning to increase seniorbanking hires across key sectors and markets as it aims tobecome a topthree investment bank.
The lender is seeking to addto its healthcare and technology teams, and is also lookingto increase local dealmakingclout in some emerging markets, Tyler Dickson and ManoloFalco, coheads of the bank’s investment banking operation,said in a telephone interview.
“We are focused on quality,not quantity,” Falco said.“There are lots of opportunities for us to expand in China,parts of the Middle East andLatin America, aside from ourUS expansion. Our focus is onbringing in highcalibre talentwho are complementary to
our existing business model.”New Yorkbased Citigroup is
ranked fourth among adviserson deals announced so far thisyear, according to data compiled by Bloomberg.
The fi��rm began a revamplast year, combining the investment bank with the capitalmarkets origination unit in amove meant to align fundraising and advisory products andgive clients more comprehensive coverage.
It hired three executivesfrom troubled German fi��rmDeutsche Bank AG last month,including Mark Keene, whowas brought in to become cohead of technology banking.
Volatile M&ACitigroup has also employedsenior bankers from GoldmanSachs Group and Barclays in recent months to expand in theUS.
Deutsche Bank announced amajor overhaul this week thatwill include 18,000 job lossesas it combats declining revenue and rising funding costs.
“Advising and fi��nancing onmergers and acquisitions, akey source of investmentbankers’ fees, is likely to remain volatile because of in
creasing uncertainty in theglobal economic and politicaloutlook,” Dickson said.
“We will see increasing volatility in the M&A and fi��nancingmarkets going forward andwon’t be surprised to see periods where the deal fl��ow ismuch less than in the previousyears,” he said. “However, ourpipeline remains strong.”
Global M&A volumes aredown about 10 per cent thisyear, largely due to a sharpslowdown in Europe, wheredealmaking has been impacted by a slowing economyand concerns over the UK’splans to leave the EuropeanUnion. Activity in the US, traditionally the biggest deals market, is healthier, with spendingup about 8 per cent from thesame period last year to $1.2trillion.
Citigroup is also targetinggrowth in private equity, using
its new combined structure tobuild its business with fi��nancial sponsors and alternativeasset managers, Falco said.
Private equity “Financial sponsors are thehighestgrowth asset classgiven they have so much capital to deploy on new investments,” he said. “This is a hugearea of focus for us, and wethink they are going to be evenmore active than they arenow.”
Buyout fi��rms, sitting on $1.1trillion of uninvested capital,have deployed billions of dollars in new investments thisyear, taking advantage of a dipin valuations and renewed focus by companies to shed unwanted assets. Citigroup advised an affi��liate of Brookfi��eldAsset Management in its $6.3billion purchase of Genesee &Wyoming earlier this month.
Job cuts may be the new norm in banks, but Citigroup is hiring
The lender plans to recruit for its healthcare and tech teams and is
also looking to increase local deal-making clout ISTOCK/ZAKOKOR
BLOOMBERG
July 10
Deutsche Bank AG will let gomore than 20 people in Indiaas part of its global move towithdraw from equity salesand trading business, according to people familiar withthe decision.
The German lender plansto undertake the retrenchment in phases, with some ofthe aff��ected staff�� in equity research and sales leaving fi��rst,the people said, requestinganonymity because the cutsaren’t public. Some traderswill stay on for a while towind down its existing positions before departing, theyadded.
Deutsche Bank’s equitiesteam in India is divided intoabout 10 researchers andaround 20 in sales andtrading.
Deutsche Bank said in anemail it’s too early to comment on the details of cuts inIndia. The German lender unveiled a sweeping overhaulof its operations at the startof the week, involving an exitfrom global equities business and the loss of 18,000jobs worldwide by 2022.
About half of the equitiesstaff�� across Asia have beencut, and another 25 per centwill go in a month, a personfamiliar with the matter saidon Monday.
Deutsche Bank has morethan 13,000 employees in India, in businesses includingretail and wholesale banking, investment banking advisory and wealthmanagement.
More than 11,000 work inback offi��ce and technologyroles.
Deutsche Bank to lay off over20 equities & sales staff in India
K RAM KUMARSURABHIMumbai, July 10
Following the merger ofDena Bank and Vijaya Bankwith Bank of Baroda (BoB),the government is now seeking to beef up the number ofwholetime directors (WTDs)on boards of large public sector banks (PSBs) into whichother PSBs will get merged.
The government wants tohave fi��ve WTDs — a Managing
Director and Chief ExecutiveOffi��cer (MD and CEO) andfour Executive Directors(EDs) — on boards of largePSBs, whose balance sheetswill grow bigger once otherPSBs merge with them, goingby the amendments proposed to the Banking Companies (Acquisition andTransfer of Undertakings)Act, 1970.
At present, the government appoints four WTDs —
an MD & CEO and three EDs —on the boards of large PSBsBoB, Punjab National Bank,Bank of India, Canara Bank,Union Bank of India andCentral Bank of India.
Banking Companies ActIn accordance with the proposed amendments, theclause of “not more than fi��vewholetime directors to beappointed by the Central government after consultation
with the Reserve Bank” willbe incorporated. At present,the clause relating to the appointment of WTDs in PSBsreads as “not more than fourwholetime directors to beappointed by the Central government after consultationwith the Reserve Bank”.
SBI-like modelAccording to BK Divakara,former Executive Director,Central Bank of India, the
government may be intending to put in place a StateBank of India (SBI) boardlikestructure in order to help theconsolidated PSBs effi��cientlymanage their businesses. SBI,the country’s largest lender,has fi��ve WTDs — the Chairman and four Managing Directors — on its board.
Consolidation in the PSBspace has been kickstartedwith the merger of DenaBank and Vijaya Bank with
BoB with eff��ect from April 1,2019. BoB has four WTDs —the MD & CEO and three EDs.
When the cabinet approved the amalgamation ofDena Bank and Vijaya Bankwith BoB in early January2019, the Finance Ministryhad said that the consolidation among the three PSBswill help create a strong,globallycompetitive bankwith economies of scale andenable realisation of wide
ranging synergies. Leveraging of networks, lowcostdeposits and subsidiaries ofthe three banks have the potential to yield signifi��cantsynergies for positioning theconsolidated entity for substantial rise in customerbase, market reach, operational effi��ciency, wider bouquet of products and services, and improved accessfor customers, it added.
To strengthen governance
at the boardlevel, the position of Chairman and Managing Director in PSBs was bifurcated into a nonexecutiveChairman and an MD & CEOduring the Modi government’s fi��rst fi��veyear tenure.
According to the FinanceMinistry, a professionalBanks Board Bureau has beencreated for arm’s length selection of nonexecutiveChairmen and wholetimedirectors.
Govt to induct 5 whole-time directors on boards of large public sector banksCONSOLIDATION OF STATE-OWNED BANKS
................CH-CHECMYK
CHENNAI
6 BusinessLine THURSDAY • JULY 11 • 2019THINK
Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 on behalf of THG PUBLISHING PVT LTD., and Printed by D. Rajkumar at Plot B-6 & B-7, CMDA Industrial Complex, Maraimalai Nagar, Chengleput Taluk, Kancheepuram Dist., Pin: 603209. Editor: Raghavan Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528
The Finance Minister’s proposal to raisepart of the government’s borrowings inexternal markets and in external currencies, has pleased the bond market and
found favour with several economists. Given that theCentre’s gross market borrowings for the currentfi��scal are pegged at a high ₹��7.1 lakh crore, the move toraise part of this overseas can ease the risk of oversupply of government bonds in the domestic market. Large government borrowings lead to crowdingout of the private sector and add pressure on domestic rates and liquidity. Consequent hardening ofyields can have a cascading eff��ect on interest rates inother segments of the fi��nancial market. In times ofmonetary easing, this can be counterproductive, andhinder transmission of rate cuts by the RBI.
But shortterm gains aside, issuance of international sovereign bonds — which will facilitate inclusion into global bond indices — is also imperative ifwe wish to draw greater foreign infl��ows into the Indian debt market. Currently India’s representationin global debt market indices is relatively small compared to other emerging markets. The IMF’s latestglobal fi��nancial stability report had stated that therenminbidenominated government and policybank bonds added to the Bloomberg Barclays GlobalAggregate Bond Index starting in April 2019 andphased in over a 20month period, could bring $150billion in additional infl��ows to China by 2020; otheremerging markets may consequently see a reduction in fl��ows. Given that a lack of liquidity and eff��ective benchmarks have kept foreign investor interesttepid in India’s corporate bond market, sovereign issuances can also open fl��oodgates of liquidity for Corporate India. Also, foreign investors’ holdings in Indian debt thus far have been low, off��ering ampleleeway. FPIs currently constitute about 3.6 per cent ofgovernment securities’ holdings. In the Indonesianbond market it is a whopping 38 per cent, while thatin Malaysia is about 24 per cent. These countries arealso more vulnerable to an exodus of funds fromtheir bond markets.
But this is where India will have to tread cautiously. So far, the RBI has been slowly increasing thecap on foreign institutional investments in the GSecs market. Continued prudence in restrainingshortterm borrowings will be imperative. Globalshocks can lead to heightened selling pressure onemerging market bonds. Also, a sound fi��nancial market infrastructure — clearing, payment and settlement systems and custodian services among others— is a prerequisite for foreign investor access. Aboveall, the lower borrowing cost argument should notprompt a reckless attempt by the Centre. Eventhough there is a notable interest rate diff��erential inborrowing overseas (more than 3odd per cent in dollar terms), hedging cost of reportedly 4odd per centwould imply a similar cost in rupee terms. To mitigate volatility risk, broadening the investor base to include, apart from banks, other domestic institutionslike insurance companies and pension funds is alsoimportant, as they can step in to off��set some of thepressures in times of heightened capital outfl��ows.These structural aspects need to be dealt with beforetaking up the Finance Minister’s proposal.
Dollar dreams
The Centre’s plan to borrow from externalmarkets is feasible, but caution is advisable
0xy z
thursday, july 11, 2019
AJAY SHANKAR
The Budget and the Economic Survey have emphasised the need for investment and export led
growth. There is, however, no fi��scalstimulus as fi��scal rectitude is beingmaintained.
Recapitalising public sectorbanks with ₹��70,000 crore, restoring health of the NBFCs, leavingmore funds with the banks withgovernment itself borrowing overseas for the fi��rst time, and steps tostrengthen the bond market, are intended to get the fi��nancial sectorinto good health so that higherlevels of private investment can bereadily fi��nanced at lower interestrates.
The RBI has also been reducingthe repo rate. The moot question iswhether this would suffi��ce to get investment rates to rise, or, couldsomething more be done.
One easy measure which wouldhave a major impact, would be forthe RBI to begin undoing the largereal exchange rate appreciationthat has occurred over the last fi��veyears. Perceptive observers, including the former ViceChairman ofNITI Aayog, a former Chief Economic Advisor and a former DeputyGovernor RBI, have been advocating this.
Export growth as well as ‘Make inIndia’ need this. The possible concern about this fuellinginfl��ation is misplaced asinfl��ation is at a historiclow. The impact on thefi��scal defi��cit would bemarginal as governmenthas stopped subsidisingpetroleum products.
But as the governmentgoes in for sovereignborrowings, then it too, like largecorporates, wealthy Indians andFIIs would see fi��nancial gain froman appreciating real exchange rateand may, therefore, favour it eventhough such appreciation hurts the
economy and job creation.
Sluggish private investmentsPrivate investment has not beenrising for many years now. Not onlyshould it rise rapidly, it should alsolead to the creation of more jobs. Itshould facilitate the doubling offarmers’ incomes. A surge in privateinvestment in States such as UP andBihar, which are holding India back,is sorely needed.
But private investment decisionsare taken by a hard headed assessment of likely profi��ts and risks.Considerations of national interest,or, exhortations from government,do not really matter. The expectation of returns from specifi��c sectoral investments has to be highenough. Understanding the business case for new investment in anysector and of possible policy instruments which can be used to improve it, needs indepth analysis ofthat sector.
There has been some reluctanceto look at sectoral interventions,given the experience of the pre reform period of a planned economywith micro management and themaze of distortions it created. Thisreluctance was strengthened by theconsensus in the Anglo Saxon worldagainst ‘industrial policy’ as thestate was seen as not being capableof choosing ‘winners and losers’.
Notwithstanding this, the statehas in the industrialised advanced
economies continued toselectively intervene tocreate and also maintaincompetitive advantage.The most remarkablesuccess has been theEuropean eff��ort to create a competitor to Boeing in Airbus. The mainreason that ‘Make in In
dia’ did not get beyond being an attractive aspiration was that theneed for a holistic mediumtermstrategy for the identifi��ed sectorswas not suffi��ciently recognised.
Nor, as a result, were eff��ective sec
toral policy instruments crafted inpartnership with industry. The recent call of CII for a sectoral focusfl��ows from this weakness.
Focus on constructionExploring briefl��y a major sectorwould be illustrative of the possibilities. One major labour intensivesector is construction. Housing andreal estate have been one of the keydrivers of economic growth inmany economies over time, including India in the post reform period.It drives upstream demand for industries like cement, steel and electrical equipment.
Whenever it has run into diffi��culty on account of, say, an assetprice bubble which sees suddencorrection, it has contributed to signifi��cant economic downturns. Thissector has been in diffi��culty in Indiain this decade. Recently many housing NBFCs have got into seriousproblems. Earlier, many builderswere under stress and some turnedbankrupt. Many who had bookedapartments found that their projects were not getting completedand their money was stuck. Somehad to go to the courts to get some
sympathetic attention. Sectoral policy attention at an
early stage could, perhaps, haveminimised distress. An early revivalof the sector would have alsohelped in job creation and innudging GDP growth upwards.
In the days of heady growth,builders moved aggressively to increase their land banks and launchnew projects. Once demand moderated, they found themselves overleveraged. Land banks are illiquidassets. With new bookings dryingup, many found it increasingly diffi��cult to complete ongoing projects.
Unlike sectors where fi��rms facedecline due to obsolescence of thetechnology and the product, suchas CDs or conventional mobilephones, where nothing can bedone, housing is a sector withenough demand in India for thenext 50 years at least. Though theland bank with the builders couldnot be monetised, its longtermvalue would not only be intact butwould keep increasing.
There was, therefore, an arguablecase for public fi��nancial institutions at the behest of governmenttaking a longterm view of the sec
tor and coming to its rescue. Conversion of shortterm debt intolongterm fi��nance or equity, alongwith infusion of credit for completion of stalled projects, could havebeen a solution. The land bankswould have mitigated risk.
In some egregious cases, ejectingthe promoters and creating Boardmanaged companies with the fi��nancial institutions in control wouldhave been necessary. Nudging thesector to lower the price points oftheir new project off��erings couldhave generated suffi��cient demandfor the sector’s revival.
But these steps require a diff��erent mindset, which accepts situations where it is in the public interest to intervene early tominimise public losses.
Restoring the fi��nancial sector togood health may alone not be suffi��cient for creating the virtuous cycleof rising investments, exports andgrowth. Creative sectoral policy interventions could be decisive inturning hopes into reality.
The writer is Distinguished Fellow,
TERI, and former Secretary, DIPP
Policy support to specific sectors should not be resisted. Boom and bust cycles in sectors like construction can be avoided
Reviving a labour-intensive sector like construction should have been the government’s priority SHAJU JOHN
Getting investment activity buzzing again
The government announced in the Budget itsdecision to raise a part ofits gross borrowing in for
eign markets; a foreign currency denominated bond issue is plannedin a few months. A successful bondissue always refl��ects well on the issuer and there will be some satisfaction from knowing that there areready takers globally for Indian government paper.
But a question arises: what is theneed for going in for this and isthere a downside to it? India fi��rstwent in for what can be called quasisovereign borrowing in 1991 whenit was in the throes of the most serious payments crisis in its history bygetting the State Bank of India to issue the India Development Bondstotalling $1.6 billion. But today thesituation could not be more diff��erent with foreign exchange reservesexceeding $400 billion.
If you do not need the hard currency but still go in for a bit of borrowing in it then the main reason(after all, a bigger hard currencyraising can only result in having to
bear a larger exchange rate risk)must be to test the water. It will discover how fi��ne (low) a rate at whichthe country can borrow and implicitly the country risk that the globalfi��nancial markets attach to it. Thefi��ner the rate the lower the perceived country risk.
But there is a catch. The interestrate that a bond issue bears is determined by both global supplyand demand. Right now the globalmarkets are fl��ush with funds and soissue managers will be hard sellingto potential borrowers.
Latin American experienceTake the case of Latin Americancountries. In the aftermath of theoil price hikes in the seventies whenthe global markets were awashwith Petro dollars, they borrowedcheap and wide. But then the chickens came home to roost when theglobal fi��nancial crisis broke in thelate eighties and it was followed bya string of Latin American defaults.So being able to borrow cheap iscertainly indicative of investors’low risk perception, but that is notthe entire story.
One likely consequence of a successful international bond issuewill be a quicker accretion to reserves which will inevitably make
the rupee stronger when it isalready in the process of appreciating against the US dollar. Is this desirable at this juncture?
India’s exports have again startedpicking up after several years ofstagnation, so what is needed is a favourable exchange rate, that is aslightly depreciating rupee.
Also an appreciating rupee willmake imports cheaper. This will bedesirable if India seeks to follow thetrade expansion path to growth.Under such a scenario cheaper imported inputs, along with effi��cientvalue addition at home, will enable
the country to achieve a rapidgrowth in exports, thus adoptingthe East Asian path of export ledgrowth. The measures taken to promote “make in India” are in linewith this.
But after balancing out the plusesand minuses in the new tariff�� ratesannounced, the tariff�� barrieraround India appears to have goneup marginally.
So will we be working at crosspurposes if on one hand we makeimports dearer by raising tariff��sand on the other make themcheaper by allowing the rupee toappreciate?
In fact, if the country goes in foranything near to a signifi��cant andcontinued policy of sovereign foreign bond issues then there mustbe a fi��rm regime in place to ensurethat exports do well and adequatereserves are built up when the timecomes to redeem the bonds issued.
After the payments crisis of theearly nineties, India was able to rebuild its reserves on the back of rapidly rising exports and thus be in acomfortable position to not just redeem the bonds but repay the largeloans taken from the multilateralfi��nancial institutions.
One of the conditionalities theglobal institutions invariably im
pose while giving a large loan issharp devaluation. A bond issue ofthe sort being contemplated willnaturally not involve such conditionalities but its overall impactwill be indisputable. It will set inmotion a process which will integrate the Indian economy moreclosely with the global scenario.Since there is currently some disenchantment with globalisation, thecorrect intellectual approachshould be to wait and watch.
The government claims the bondissue decision has been taken aftera long internal debate.
One of its pluses is it will enablethe government to draw less on thedomestic fi��nancial savings pool andallow corporates to raise resourcesat lower rates. But the governmentcan just as easily place rupee bondswith the RBI and draw againstthem.
It seems politics eventually gotthe better of economics. What wonwas the desire to project a muscularIndia on the global stage, one whichcan make a successful bond issue atan extremely fi��ne coupon rate,“comparable to top economies”,and take the credit for itdomestically.
The writer is a senior journalist
Does India need a foreign bond issue?By making a successful bond issue the government wants to flex its muscles on the global stage
Looking overseas/ISTOCKPHOTO
SUBIR ROY
VALUE FOR MONEY
Power’s conundrum
With reference to ‘Kumaraswamy’s government gets abreather’ (July 10), the fact that 13monthold JD(S)Congress government got a breather on Tuesdaywith Karnataka Assembly SpeakerKR Ramesh Kumar seeking moretime to decide on the resignationof 12 legislators did not come as abig surprise.
However, his plea averring that“he has sought time as he does notwant to set a wrong precedent”while adding that “future generations should not look at me like Iam an accused”, deserves to be applauded by all those who fi��rmlybelieve in the “honest” observanceof the relevant democratic norms,if he really means business?
It’s a diff��erent matter that thismove is also seen in politicalcircles as buying time for the ruling coalition to keep its fl��ock together and reach out to its rebel
MLAs. Perhaps, such a scenario,seems more plausible which couldmerely delay the “inevitable” butmay not be able to avoid itcompletely.
But, curiously enough, RahulGandhi is also understood to have(for the fi��rst time) joined his partymen in raising slogans against theCentre for “stage managing” theresignations of the disgruntledMLAs belonging to the Congressand JD(S). While the BJP leadershiphas along been refuting all suchcharges but the fact still remainsthat the Congress must also ownup its failure to keep its fl��ock together. SK Gupta New Delhi
Disaster management
With reference to “Dealing withdisasters” (July 10) it is true that wehave accumulated little knowledge in spite of recurring fl��oods,
droughts, earthquakes and manmade ones like stampede in placesof worship, falling bridges, careless driving, houses collapsing andthe like. Some of them measuredalone look like micro accidentsbut cumulatively they take a heavytoll of lives.
We do have The Disaster Management Act, a National DisasterFramework, disaster preventionstrategy, early warning systems,disaster mitigation and preparedness in place, but when it comes toimplementation, lack of coordination and delays make the resultsmuch less eff��ective. The chaos during Kerala fl��oods last year is a casein point.
There is a need to create a knowledge management system for collating information of such events,analysing them and sharing themwith the agencies concerned. YG Chouksey Pune
After Jet lag, IndiGo blues ?
At a time when the aviation sectoris confronted with multiple impediments, a lot more than farehike and taxincentives is requiredto prioritise sustainable revenuegrowth and profi��tability.
Optimal utilisation of credit, diligent allocation of fi��nancial resources, brandrefreshing exercises, largescalegovernancereforms and talenthunt initiatives are prerequisites.
It is prudent to attract toptalentbesides reducing staff��turnover inorder to inculcate a sense of ownership and motivate the workforce.
Promoters and topmanagement ought to collaborate in order to establish an optimal structure backed by highmarketgoodwill. This can not onlyfacilitate the sourcing of addi
tional capital at a low cost andtimely payment of current liabilities but also promises to levy agreater focus on performance/throughput and enhance the userexperience.
Strategic measures are neededto ensure businessviability,provide jobsecurity to employees,generate value for shareholdersand effi��ciently manage customerrelations.
Investor confi��dence demandsthat Regulators should develop amarket for distressed assets tosafeguard lenders and preserveborrowergoodwill.
A profi��toriented, compliantand competitive fi��nancial/operationalframework can go a longdistance to hedge capitalrisks,render robust corporategovernance and boost income viaseamless servicedelivery.Girish LalwaniNew Delhi
LET TERS TO THE EDITOR Send your letters by email to [email protected] or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.
Adjustment without reform
Now that the detailed documents connected with Pakistan’slatest IMF programme have fi��nally been made public, it ispossible to get a deeper look at what exactly the governmenthas committed to. One thing that is now clear is that, in itsrush to fi��nalise the programme, the government has deferredmost decisions concerning any serious policy reform. As aresult, the programme is best described as all adjustment andno reform. (KARACHI, JULY 10)
Don’t pander to Donald Trump
Though the president of the United States has fi��red off�� anothervolley of insults, his primary target – the British ambassador,Kim Darroch – has done nothing but his job. The nationalinterest would hardly be served by Her Majesty’s chiefrepresentative in Washington sending back sanitised andeuphemistic dispatches. Sir Kim’s unfl��attering assessments ofDonald Trump and his administration are embarrassing; butthe problem was the leaking of the documents, not theirdrafting. (LONDON, JULY 9)
Japan-ROK feud flare-up imperils progress
In a move that the Republic of Korea says risks pushingbilateral ties to a “deadend street”, Japan announced lastweek that it would tighten curbs on exports to the ROK ofthree materials vital to the tech industry. Seoul said themeasures would leave it with no other choice but to take"countermeasures". Tokyo cited broken trust as reasonbehind the move. But many believe it is Japan’s retaliationfor recent ROK court rulings ordering Japanesecorporations to compensate Koreans used as forced laborduring World War II. (BEIJING, JULY 10)
OTHER VOICES
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 7THINK
ACROSS
07. Complete bilge(5,8)
08. Advised not to (11)12. Rest (6)14. Part of larger
picture (6)16. Advertising bill (6)18. Gratify (6)19. Recalled (11)23. Outweighing
quantity (13)
DOWN
01. Collar fastener (4)02. Not so much (4)03. Revenue (6)04. Caught (6)05. Mountain in S Africa (4)06. Not new (4)09. Deadlock (7)10. Arise from a source (7)11. Run away from (4)12. Thick line (4)13. Prosecute (3)15. Scaleless fi��sh (3)17. Reigning (6)18. Took a surreptitious look (6)19. Uncommon (4)20. Manage to handle situation
(4)21. Catch (4)22. Gaming cubes (4)
ACROSS
07. Talk rubbish?Complete rubbish!(5,8)
08. So crude a dig isorganised that oneput one off�� it (11)
12. Someone's operaticcomeback showedthe rest (6)
14. Minutely narrate thetale I'd concocted(6)
16. Bill, the man at thepillarbox, the oneto be prosecuted?(6)
18. Would you kindlyhave puddingaround start oflunch? (6)
19. Called to mind howSappers werephilatelists (11)
23. School homework onThe Queen in dance,an outweighingamount (13)
DOWN
01. There's no end to scholarly reading for theboss ... (4)
02. ... but not so much on leaving period ofinstruction (4)
03. What one earns at home the company givesto me (6)
04. Caught two Poles and a communist (6)05. It is high in S Africa in December, generally
(4)06. At one time did get acclimatised (4)09. I am out of fashion there's no getting out of
it (7)10. Flow from the Isle in each half : time I'm not
there! (7)11. Run to escape from piffl��e? Exactly! (4)12. A line of work among Sappers (4)13. Sort of pudding not fi��nished by little girl (3)15. Something fi��shy in the Spanish bedcentre (3)17. Determination of a judge is prevailing (6)18. Had a sly look as one reached highest point,
one hears (6)19. Choice : underdone! (4)20. Successfully deal with a vestment (4)21. It opens in the fl��oor when one gives up the
role (4)22. Last of mustard with something frozen to cut
in cubes (4)
easy not so easy
ACROSS 1. Rattlesnake 7. Othello 9. Pier 11. Reels 12. Tapers 14.Perpetrates 18. Parish 20. Irate 22. Rail 23. Premium 24. PossessionsDOWN 2. Athlete 3. Eton 4. Knife 5. Sorry 6. Grass 8. Last post 10.Paradise 13. Sty 15. Elation 16. Sport 17. Jemmy 19. Rhino 21. Opus
bl two-way crossword 1400
SOLUTION: BL Two-way Crossword 1399
Ineed to explain two of the
three words in the title. Let’sfi��rst briefl��y digress to Facebook. Over time, I seem to
have accumulated a set of familyand friends who are determinedto tell everyone everything that iswrong with the world. The postings are about rivers drying up,trees being cut to make way forroads, and how industry hasruined the environment. Thereare dogs to be rescued and governments who are ruining the country. All is lost. I’m sure there are several people motivated bythese calls to arms whoare rushing about fi��xingthings and improvingthe world. I, on the otherhand, mope. So I have developed an ‘anomie meter.’ After Isee three postings that upset meand reduce my level of wellbeing,I switch out of Facebook.
Anomie, a concept in sociology,deals with an individual’s matchwith social standards and dealswith a feeling of wellbeing. Trustin governments is a critical featureof wellbeing. The rise of populistparties around the world who argue that governments had favoured the elites, were soft on immigration and have dilutednational identity seems to reduceour general level of anomie.
Denmark has found strength inits tradition to counter anomie.That is where ‘hygge’ (pronounced ‘hewgh’) comes in. It is aDanish term to represent a feelingof cosiness and comfort and isused as a noun, a verb, and an adjective. We could get together forhygge, we could suggest to friendsto hygge, or observe how it was ahygge weekend.
Anthropologists suggest thatDenmark resorted to hygge whenit started suff��ering from several external challenges. Loss of territories following failed wars withneighbours over the centuriesmade the Danes turn inwards.
They decided to make do withwhat they have and enjoy it. Hyggemakes them avoid controversialsubjects in discussion. They strivefor the least common denominator — isn’t the food great, and thewine refreshing! Aha, the sun isout today! When the Danes get together to hygge, no one will raise acontroversial subject. The idea isnow hitting the export marketswith books about hygge translated for sale in many languages.
Hygge must be working forthem in another way too. Forseven consecutive years, the country has been ranked among thetop three in the annual WorldHappiness Report. Happiness ismeasured with both objective in
dicators of health, crime,etc., as well as subjectiveindicators by askingpeople about their emotional experiences. TheDanes have a stable gov
ernment and low levels of incomeinequality. Outsiders are aghast atthe average of 45 per cent incometaxes and 25 per cent VAT. But ifyou stop to talk to Danes, theydon’t seem to mind paying thosetaxes in return for relatively freeeducation and good healthcareamongst other welfare statebenefi��ts.
But there is a fl��y in the ointmenthere. If hygge has helped them,then why are the Danes fi��nding increasing levels of anxiety and depression among the children andyoung people? Suicide rates alsoseem to be high. The National Museum in Copenhagen has even puton display in its modern section abox of the prescription medication Sertraline Hexal that is usedto treat these mental ailments.
Perhaps the depression andhappiness may just be from diff��erent sample sets. While the Danesmay not be a perfect society, theycertainly have qualities worthy ofemulation. Meanwhile, may bethey just need to distribute morecopies of books about hyggewithin the country.
The writer is a professor at Suffolk
University, Boston.
Hygge meets anomie Raising the happiness quotient, the Danish way
C GOPINATH
AMERICAN PERISCOPE
Precisely two decades ago,three battalions of the Indian Army were taskedwith attacking and retak
ing the heights of Tiger Hill, thehighest peak in the Kargil sector.Tiger Hill is located at the commanding heights over the vitalHighway connecting Srinagar toLadakh. The operations to recapture the hill, which commencedduring the last week of May 1999,were accompanied by a battle forthe adjoining peak of Tololing,which ended successfully on July34, 1999.
Control of the high peaks of Tiger Hill had enabled Pakistaniforces to monitor the movementof our forces and disrupt suppliesto our troops in Siachen. Coinciding with these events, NawazSharif paid a hurried visit to Washington and agreed to pull back hisforces in Kargil on July 4 — America’s Independence Day. Thishappened after Vajpayee had rejected President Clinton’s off��ers ofmediation.
The Kargil confl��ict took placewhen both India and Pakistanwere under economic pressurefrom UNbacked sanctions, aftertheir nuclear tests in May 1998. TheClinton Administration was determined to “curb, rollback andeliminate” India’s nuclearweapons programme. Pakistantook advantage of the prevailingsituation. Infi��ltration by thePakistan army into the Kargil sector reportedly commencedaround the same time, as the nuclear tests.
While the Nawaz Sharif Government was initially unaware ofthese developments, it backed itsarmy’s actions wholeheartedlyonce General Musharraf briefed it.
Contrary to popular perception,Nawaz was briefed on more thanone occasion on what was happening, including at the PakistanArmy’s Regional Headquarters inSkardu.
India’s intelligence serviceslearnt of the infi��ltration onlyaround a year later, resulting in anugly blame game over who was responsible for a serious intelligence failure.
Prime Minister Vajpayee hadmeanwhile decided that one wayto deal with the American led international pressure was to tryand make peace with Pakistan. Itwas decided that as a “grand gesture,” Vajpayee would visitPakistan by bus, to inaugurate aLahoreDelhi bus service.
Vajpayee was totally unaware ofwhat was happening across theLine of Control in Kargil, when hearrived in Lahore. Nawaz playedalong after being briefed of hisarmy’s plans. Arriving in Islamabad a few months before theVajpayee visit, I found the atmosphere marked by Pakistani duplicity.
Close associates of Nawaz likeInformation Minister MushahidHussain were inciting Sikh pilgrims from across the world, evenas Mushahid and the Governor ofPunjab were in touch with theLashkareTaiba leader, Hafi��zMuhammed Saeed.
Masterly speechVajpayee, who was and remainswidely respected in Pakistan, waswarmly received. The ServiceChiefs did not receive Vajpayee onarrival, but called on him at theGovernor’s residence, in Lahore,where he was staying. He delivered a masterly speech at a civicreception in Lahore, which movedthe audience. The Pakistan military and signifi��cant sections of itspolitical establishment appearedto think otherwise.
The intentions of the Pakistanestablishment were evident during the Vajpayee visit, even in ne
gotiations for fi��nalising the JointDeclaration. Vivek Katju, who thenheaded the Pakistan Division,handled these negotiations fi��rmlyand skilfully. There was also no respite from terrorist strikes in J&K, inthe months preceding and following the Vajpayee visit.
The Indian army, particularly itsyoung offi��cers and jawans, deserve the gratitude of the nation,for the valour they showed inbattle, after climbing high mountain peaks in Kargil. Pakistan acknowledged that 453 of its soldiers were killed in the confl��ict,eleven years later.
They could aff��ord to obfuscate,as the soldiers who were killedwere largely Shias from GilgitBaltistan.
The nuclear dimensions of theconfl��ict were handled by quietmoves by India, which ended theinitial bluster from Pakistan, by itshawkish Foreign Secretary, Shamshad Ahmed. Indian casualties inthe confl��ict were 527 army personnel killed and 1,363 wounded.
Prime Minister Vajpayee visited
the Army Operations room duringthe third week of May 1999, for abriefi��ng by Army Chief GeneralVed Malik, which I attended. TheArmy Chief gave a detailed account of Pakistani infi��ltration andassured Vajpayee that the Armywould ensure that it throws out allPakistani intruders.
One was aghast at the prospectsof the bloody battles ahead andthe extent of initial intelligenceshortcomings, on our side. General Malik alluded to the need forairsupport during the briefi��ng —a proposal which was acceptedthe same day by Vajpayee, with thecondition that IAF aircraft shouldnot cross the Line of Control.
I was told to return immediately to Islamabad, as air strikeswere commencing the next morning. The IAF was confi��dent that itsMiG 29s and Mirage 2000s couldtake on the PAF, equipped withAmerican F16s.
The PAF realised that discretionwas a better part of valour andstayed away from coming tooclose to the LoC. Two IAF aircraft
were brought down by Pakistanisurface to Air Missiles — a MiG 21Fpiloted by Squadron Leader Ahuja,who sadly lost his life and a MiG27L by Flight LieutenantNachiketa, who was captured.
The Pakistanis sought to playtheir usual games by arranging ahuge media event to showcasetheir “generosity” during a confl��ict, by off��ering to releaseNachiketa in my presence, at theForeign offi��ce.
I refused to attend the proposed“release” function, describing it tothe Foreign Offi��ce as a “mediaspectacle” demeaning the dignityof an IAF offi��cer, captured in combat. The International Red Crossthen handed Nachiketa over to us,inside the Indian High Commission, the same evening.
Seeking revengeThe Kargil confl��ict brought homemany hard truths for us. Firstly,the Pakistan army, which rules thecountry, is not going to forget its1971 humiliation. It will try andtake some form of revenge,whenever it can. Enmity towardsIndia is essential for its very existence and for it to continue as defacto ruler of the country.
With Vajpayee’s approval, wecontinued issuing visas toPakistanis liberally during the Kargil confl��ict. The Lahore Bus Serviceand the Samjhauta Express functioned normally, carrying passengers to and from Pakistan. WhilePakistanis were being misled byscreams of imminent victory andazadi for Kashmiris, calm and determined Indians were goingabout their normal lives.
Let us mark the 20th anniversary of the Kargil confl��ictsoberly and appropriately, withnational tributes to General VPMalik and his brave soldiers, asalso to Air Chief Marshal Anil Yashwant Tipnis, the fi��ghterpilots andothers, in the Indian Air Force.
The writer is a former High
Commissioner to Pakistan
Kargil conflict remembered It brought home the hard truth that for the Pakistan army enmity towards India is vital for it to continue as de facto ruler
Army personnel during the celebrations of 20 years of Kargil victory
G PARTHASARATHY
JULY 11, 1999
Don't cling on to PSUs: Sinha
The Finance Minister, Mr. Yashwant Sinha, has called forevolving a new strategy for the Government's presence inpublic sector undertakings and said that disinvestment ofboth profi��tmaking and lossmaking undertakings shouldbe carried out simultaneously. He said that moneycollected from PSU selloff�� should not be diverted to bridgedefi��cits. On evolving a new strategy, Mr. Sinha said theGovernment should not be in the business of running PSUsfor the sake of running them. The Government'sparticipation in them should, instead, be dealt in a BuiltOperateTransfer system wherein the undertakings are setup, run and disposed of to other parties in the right time.
IMF committed to sale of goldThe International Monetary Fund (IMF) has announced itsdetermination to proceed with plans to sell up to 10million ounces of gold from its 103millionounce reserves,rebuffi��ng signs of growing opposition to the proposal. AnIMF spokesman said that the Fund's executive directorsmet to discuss possible "modalities" of selling its gold. Herepeated the Fund's insistence that the sale will beconducted without disruption to the international spotgold market.
PSU tax-free bonds pegged at Rs 950 crThe Planning Commission has pegged the allocation oftaxfree bonds for issue by public sector undertakings atRs.950 crores for 19992000, Rs.450 crores less than theprevious year. The Finance Ministry will now clear theproposals of over halfadozen PSUs which had sought toraise funds at a lower cost through the issue of taxfreebonds. The Commission takes into consideration thesectoral needs in infrastructure while allocating theamount for each PSU.
TWENTY YEARS AGO TODAY
BusinessLine
Who’s the bored here?All and sundry; yours truly included.
Why?Because we all have become prisoners to what some sociologistscall the tyranny of routine. Andour understanding of evolutionary biology tells us that if we havethe same routine every day we getrestless and, obviously, bored.
But isn’t the pretty obvious.Well, a new book — Wish I WereHere: Boredom and the Interface(McGillQueen’s University Press)— by Canadian philosopher MarkKingwell says there’s more to it.Just last week, he published an essay in The Walrus, arguing thatunderstanding the origins andmeanings of human boredomholds the key to a more functioning and philosophically meaningful life, especially in the digitalage. And the best way to start is byasking some very basic questions.
Such as?“Is boredom a function of leisure?
Does boredom tangle desire orpersonal conditions, or both?”These questions are importanttoday — unlike in the past whenpeople were not spoilt withchoices of activities — when,thanks to the rapid growth intechnology and income levels,people face situations where theywill be staring at a full refrigerator and (still) feel there is nothing to eat, or when they fi��nd nothing to watch even after scanninghundreds of channels on the TV.
Who is to blame for this?The villain is technology andthe overstimulation it hasintroduced us to. In this eraof multiple screens and hyperactive schedules, we are consumingourselves “as a function of the attention we bestow”, says Kingwell. Which, according to him,means we live in an ‘attentioneconomy’ where social media andother online mechanisms act toharvest our attention. In this system, we as consumers are under aprocess of “selfcommodifi��cation”. We become the products. Ifyou have used Google or Facebook you’re already in the club.You are the digital equivalent ofDoctor Faustus; you have soldyour soul (data).
What happens then?So when we do these acts — likesurfi��ng the Web, or posting on social media or sending and receiving instant messages on chat platforms — we are actually doing theattention economy’s work, according to Kingwell’s book. But itis not the specifi��c platform or medium that lies at the root of this“eerie economy”. Rather, it is theinterface.
Interface? Indeed. Kingwell says this iswhere everything meetsand merges: individuality,longing, technology andstructural interests. The ‘in
terface’ is complex and invisibleand are linked to people and theirdesires. This techpowered system makes us consume more ofus, faster and more furiously. Sowe post more, chat more, watchscreens more, raising the levels ofselfcommodifi��cation higher andhigher. In fact, we become labourers (bound by routines) of thisparticular economy. And, here’sthe catch, this system also makesus “serial suff��erers of boredom”.Which means we are too often addicted to means that falsely“promise alleviation and bringonly repetition”.
That’s sounding boring butimportant.Hear me out. Kingwell says thisconstant immersion in technology (the Interface) and its vitaland perilous components such asscreen addiction or the “lure ofonline outrage” are creating hollow creatures out of us, who aredisconnected from the world outside. We scroll, surf, swipe, sendand click. And soon, we get boredbecause “repeated fl��icks of thefi��nger” provide merely the“shadow of meaning”, by reducing us to scattered data fragments. We become “Twitter feeds,Instagram posts, shopping preferences, and text trends capturedby algorithms.” So, the key is tocut oneself off�� (occasionally) andlook for some realworld boredom than getting consumed bythe Interface.
Fair enough, I’m suitablybored. Give me somethinginteresting to read.Well, why don’t you do nothingfor a while. Or, as a better choice,why don’t you pick up a copy of InPraise of Idleness by BertrandRussell?
A weekly column that helps you ask
the right questions
Boredom blues, in all its hues
JINOY JOSE P
THE CHEATSHEETB The White House is likely to
host a social media summittoday. White Housespokesman Judd Deere saidthe meeting would “bringtogether digital leaders for arobust conversation on theopportunities and challengesof today’s onlineenvironment.”
B Wipro Chairman AzimPremji andMastercardCEO AjayBanga willbe honouredwith theglobal
excellence award at thesecond annual leadershipsummit of the USIndiaStrategic Partnership Forumin Washington today. Theaward is for their signifi��cantcontribution to strengtheningeconomic ties between thetwo countries.
B The Supreme Court is likelyto hear the petition of 10dissenting Karnataka MLAstoday. The MLAs have accusedthe HD Kumaraswamyledcoalition government ofscams and maladministrationand also blamed AssemblySpeaker KR Ramesh Kumar ofdelaying the acceptance oftheir resignations in a bid toprolong the life of the rulingdispensation in the State.
B The second semifi��nal of theICC CricketWorld CupbetweenEngland andAustraliawill takeplace today.
Captain Aaron Finch (507) andDavid Warner (634) have beenAustralia’s stars with the batwhile Joe Root (500) andBairstow (462) are England’sleading run scorers.
B The Budget session of theAndhra Pradesh Assembly willstart today. The ruling YSRCongress has lined up over 20items, including its fl��agshipwelfare schemes, fordiscussion. Finance MinisterBuggana Rajendranath willpresent the annual budget for201920 on July 12.
................CH-CHECMYK
CHENNAI
8 BusinessLine THURSDAY • JULY 11 • 2019TECHNOPHILETECHNOPHILE
MALA BHARGAVA
The days are gone whenheadphones were just loudmusic cans you slap on to yourears. Premium headphones
now come with a plethora of fascinatingsmart features that fi��ne tune thelistening experience in a number ofways. It’s in this category that theDanish audio giant Jabra has justlaunched a new set ofheadphones, the Jabra Elite85h, in India, available nowfor ₹��28,999. These are rightup there with headphonesfrom Sony, Bose andSennheiser as anotheroption.
The Elite 85h headphonesare among the moreunderstated you’ll see —specially in the black that wereceived for review. There areno loud logos, no fl��ashy accentsor popping colours. These are justplain and quiet, though premiumlooking, because they happen to becovered in a soft fabric. We should stopfor a moment to wonder whether thefabric could get torn if they encountersomething sharp, such as keys in yourbag. It’s just possible that the fabric
could become worn down easily or atleast dirty in time, when compared withvarious hard plastic materials used bymost others. Well, for now they’repristine and looking good. They comewith a big case which also has a softfabric covering. The build ishowever nice and strongand the headphonesalso fold in atthe hinges.
The fi��tand
comfortof the Elite85h is going
to dependhugely on the
heads they sit on. Iseem to have a
smallish head whichinvariably has trouble holding on toheadphones which slip forward if I leanin front or look down. That’s the casewith the 85h too but it’s made a littleworse by the fact that they’re heavier
than most headphones I’ve seen lately.In a while, I defi��nitely begin to feel thatweight and have the urge to take theload off�� my head. Others with regularand large upper stories don’t share theproblem but agree that the headphonesare on the heavier side. They are very
cushioned and plush all over, speciallythe earcups, so that counters
discomfort to a big extent. All thesame, because the fi��t and comfort
is likely to be so diff��erent fordiff��erent people, I wouldrecommend trying them onsomewhere before paying the
premium price.
Hear throughPairing these headphones is done the
regular way. Once done, and you putthem on, they’ll actually turnthemselves on. There’s no power buttonbut instead a sensor. The headphonesturn off�� when you take them off�� andfold them in. You can pair them withtwo devices and switch so that’sconvenient as you move from phone totablet or PC. You need to download theJabra app to get access to the manyoptions there. The Elite 85h come withactive noise cancellation and this issomething you can turn on both usingthe app or the bottom on the earcup.You toggle between three modes: fullnoise cancellation, ‘Hear Through’which brings outside sounds intoawareness, and all modes off�� in which
on the Elite 85h, I thought they soundedvery good. They do a fantastic job of thehighs which come across with a nicedelicacy and fi��nesse.
The bass is handled quite diff��erentlythan on other headphones and isperhaps a little lacking at its deepestend. But then, the EQ settings in the appmake an actual diff��erence to the music.All too often, I’ve found they don’t, butin this case, there’s an instantdiscernible diff��erence. You’ll fi��nd thisvery nice for setting it diff��erently forvarious types of music.
The battery lasts an amazing 36 hourswhen using notice cancellation andeven more without, though it willdepend on the volume you listen at. Theheadphones charge using a USB Type Cconnection and can actually be usedwhen charging and in wired modeinstead of bluetooth in which theyhowever continue to use the battery.
keyboard when it was on, for example.But it doesn’t quite get to the level ofthe recent Sony headphones or Bose’sQuietComforts. The Hear Through modecan be a little strange, amplifyingsounds from everywhere. Luckily youcan switch repeatedly with a tap. Theearcups also include almostinvisiblebuttons to control song volume andnavigation.
On one of the earcups you have abutton to trigger your favouritepersonal assistant. The headphonesthemselves have their own to keeptelling you of connection status, battery,etc.
Listening to diff��erent genres of music
you also hear outside sounds, onlysomewhat diff��erently. In the app, youcan reate some profi��les for privatelistening or for using your headphonesduring a commute or in public places.You can also make your own if you don’twant the presets.
But in all cases, you can not justchoose the noise mode but set theequaliser. The headphones recognisewhere you are and switch to the modethat fi��ts — such as Hear Through whenyou’re in a public place, if you’ve chosenthat option.
The noise cancellation is very muchpresent and makes a big diff��erence. Icouldn’t hear my fi��ngers on the
Smart noise cancellation
modes on the go
Jabra Elite 85h: These headphones know where you are
Price: ₹��28,999Pros: Very good overall soundquality with EQ controls in app,exceptional battery life, goodbuild, useful ANC modes,integrates personal assistants,useful voice prompts, simplecontrols, feature richCons: Comfortable but a littleheavy, ANC good but not great,fabric may be vulnerable to dirtand damage
JINOY JOSE P
From indisplay fi��ngerprint to bezellessdesign, Chinese techcom giant Vivo hasmany fi��rsts to its credit. Even though thecompany, sibling to Oppo, Realme andOnePlus, made its international entryonly in 2014, it has so far been able tobuild a robust image of a gadget makerfocussed on cutting edge innovation indesign, specs and style. The success of itsrecent models, such as the Vivo V15 whichintroduced the popup camera to theaff��ordable category, has in fact made thecompany which now stands among thetopfi��ve smartphone brands globally extremely popular, prompting fans toraise the bar on expectations. It’s in thisbackdrop that the Vivo Z1 Pro arrives themarket, claiming to carry formidablespecs and better performance.
The Z1 Pro looks elegant and suitablypremium thanks to the shiny, curvy backpanel and strong glass front. It’s 8.85 mmthick, 77.33 mm wide and weighs 201grams. The phone comes in threevariants: Sonic Black, Sonic Blue andMirror Black. We reviewed the Sonic Blue.The Z1 Pro feels heavy in hand but its not
slippery. The back off��ers enough grip.Vivo gives a neat transparent silicon casealong with the phone, which comes quitehandy since the back panel is not scratchproof. It can easily get fi��nger marks andscratches even with a little rough use.
That said, the phone indeed hasformidable specs. It is powered by anoctacore Qualcomm Snapdragon 712chip and Vivo has embedded a dedicatedAdreno 616 processor for handlinggraphics and gaming. Backed by a robust6GB RAM, the Z1 Pro becomes apowerhouse and this muscle is clearlyvisible when you put it to some bigticketuse; say gaming. The phone’s refreshrates are quite impressive. You can easilynotice this while playing FPS games orwhile running heavy simulations thekind you usually use for scienceeducation, etc. The processor hence helpsthe Z1 Pro become a useful multitasker.
Shining bright The phone has a bezelless display size of6.53” (16.59 cm). The IPS LCD display off��ersan aspect ratio of 19.5:9 and the viewingexperience is one of the best in the class.The Z1 Pro off��ers a pixel density of 395 ppi
with a screen resolution of 1080 x 2340pixels. The display is truetolife andnatural. Of late, many phones in thisprice range comes with ‘enhanced’displays that end up tweaking imagesand videos the wrong way, meddlingwith the quality of what’s displayed andwhat’s actually shot. The Vivo Z1 Pro’sdisplay department is a whatyouseeiswhatyouget. Still, the display could takesome improvements, especially ondisplaying 4K or Ultra HD content. Insome instances one feels the pixel densityis not suffi��cient. But that’s for the hifi��shots; with most regular images andvideos, the Z1 Pro off��ers impressivedisplay results.
The phone comes with a storage of 64GB, which can be expanded to 256 GB. Itruns on Vivo’s own Funtouch OS, which isloaded with a lot of useful features. Fromthe superpowersaver mode to the easytouch, motorbike modes, the OS off��ersseveral impressive functionalities.However, I’m not a fan of its notifi��cationspace, which looks cluttered andconfused. The design of this area couldhave taken a little more intelligentthought to start with.
One of the most impressive faculties ofthe Z1 Pro is the fl��ashcharge. The phone’s5000 mAh battery gets fully charged injust about 1520 mins. This can be super
shooter also off��ers detailed crispimages. Both cameras workextremely smooth under lowlightsituations. In fact, the selfi��e videodelivers remarkable results underlowlight and fastmovingenvironments.
Further, the Z1 Pro has an audiodepartment that’s effi��cient andnatural. The device rendersquality audio with impressivecrispness but it struggles withlowquality sounds. The recorderis also a bit cranky in noisyconditions, but calls are recordedwith precision.
The verdict: The Vivo Z1 Prolives up to the hype andconsidering the price it can easilygive the peers a run for theirmoney. It is an effi��cientmultitasker focussing on cameraand ease of performance.
In sync with Vivo’s specs legacy, the phone blends
powerful performance, great camera and chic looks
Vivo Z1 Pro: A great looking multitasker
4K support and features like the ultrawide angle, the Vivo Z1 Pro can functionas a mini fi��lmmaking camera. The phonesupports basic editing features and mostediting tools work fi��ne with it. The selfi��e
helpful for fastmovingexecutives and travellers. Thephone supports two nano simcards. Both slots support 4G.
Inarguably, the most usefulfeature in Z1 Pro is the camera. Itis simply superb and works like acharm in all light conditions. TheZ1 Pro has an indisplay camera,which off��ers an immersiveexperience. The camera doesindeed look part of the screen.Both the cameras clearly live upto Vivo’s shooter legacy byoff��ering great images and videos.The 32 MP front camera off��ers aphysical aperture of F2.0. Itsupports screen fl��ash and cangive you a video recordingcapability of 1920x1080 at 30 fps(frames per second).
At the back, there is a tripleshooter unit (16MP + 8MP + 2MP)with the ExmorRS CMOS Sensorthat can support a resolution of4616 x 3464 pixels. The rearcamera off��ers 4K video as well,which can make this phone auseful addition to shortfi��lm makers,cinematographers (for location plansetc). The ultra wide angle mode in videoworks brilliantly when capturinglandscapes and panoramic views. With
Price: ₹��16,990 (6GB64GB)Pros: Great design and camera,smooth operations, innovativesoftware, affordable priceCons: Back panel can getscratches easily, audio needsimprovements, OS is clumsy
MIRZA MOHAMMED ALI KHAN
When we met Dell offi��cials at the launch ofthe Latitude 7400 2in1 laptop, they told usthat convertibles are doing well. That’s exactly what the new Latitude is, giving userstouchandtype functionality. According toDell, users are looking for features theygenerally fi��nd on smartphones, on theirother machines too. That makes sense,given how we’re so used to swiping, fl��ipping and pinching our screens to get workdone.
The new Latitude 7400 is a work powerhouse. The way it has been designed andbuilt is itself testimony to its professionalcredentials. And when setting it up, it givesyou the option of setting it up for personaluse as well as enterprise use, so you knowwhere the target audience for this devicelies.
Cool and composed The brushed metal fi��nish of the Latitudelooks sleek and nononsense. It doesn’tglint too much and has a very understated, yet posh and polished look andfeel about it. It is also veryslim and Dell hasdone a great jobwith the formfactor. It can easily beslipped into a formal messenger bag. However, it is on heavier sideand that’s probably the only negativeabout its build.
On fl��ipping it open, a neat keyboard isrevealed, with the touchpad below it andthe power button/fi��ngerprint sensor tothe top right, in a familiar position. Thekeys are wellspaced and off��er good travel,so typing on the go was easy. We used it incabs to see how it would work out forsomeone doing offi��cial work on the go,and apart from the weight on the lap, itwas quite smooth. The keyboard is alsobacklit, as is expected at the premium endof the laptop ladder. Placing the laptop fl��at
down in tablet mode didn’t result in thekeys getting pressed because they areplaced in a slight depression. However,they do get pressed when holding thedevice in tablet mode, which isn’t very advisable thanks to its weight.
The screen has thin bezels, going by thecurrent trends. Dell has managed tosqueeze in a 14inch screen in a 13inchbody, helping keep things compact. Thescreen’s resolution is a crisp, lucid 1920x1080 and it is protected by Gorilla Glass 5.The 16:9 aspect ratio helps watch videos onstreaming in their natural habitat of sorts.The display looks especially good in tabletmode.
The screen responds very well to touchand with the stylus that Dell off��ers at an extra cost, the screen is great for doodling,taking notes, etc. The speakers are goodtoo, considering this is primarily a professionaluse machine. They fi��ll up a small,quiet room, and should be enough forvideo calling, but most of us use head
phones for that anyway.
Coming to the laptop’s performance,we reviewed it mostly from an offi��ceusestandpoint, which is a lot of MS Offi��ce,browser, and some programming (considering we don’t code as much). With an 8thgen i7 processor, 16 GB of RAM, and a 256GB SSD, our review unit handledeverything very easily and with no hiccoughs at all. Multiple tabs open onGoogle Chrome streaming video also didnothing to hamper the Latitude’s functioning. Thanks to the SSD, wake up timeswere minimal. We didn’t play any gameson this laptop, because, well, it isn’t meantfor that use case, but we did try photo and
video editing software on it, consideringthat a lot of professionals dabble in it andit handled them very easily, given thepowerful specs it packs.
In fact, along with the stylus, sketchingand colouring and other such activities toblow off�� steam are quite a lot of fun to do,on this machine. This is very much a professional device than a creative one, butthanks to its processing power, one can always use it to get their creative juices fl��owing.
Staying onBattery life on this laptop left us very impressed. It lasted us a cool dayandahalfwith regular to moderate use, and this included update packages getting installed.The charging port is USB Type C and thelaptop also got juiced up pretty quickly.The laptop gets two USB C ports, a memorycard reader, regular USB ports, and also anHDMI out port, which you don’t see a lot. Italso gets a headphone jack. Overall, the input/output options on the Latitude im
pressed us and Dell seemsto have kept various usecase scenarios in mind
when putting them there.The Latitude 7400 also gets
something called ExpressSignin, which is basically facial
recognition for locking/unlocking the laptop. There is a proxim
ity sensor at work here, which candetect when you move away from thedevice and lock it, and viceversa. There isalso the fi��ngerprint sensor, for lockunlock. Talk about getting smartphone features to a laptop! The price is obviously at apremium, but Dell is making no bonesabout the fact that this is a professionalmachine for serious users. When someMacBooks can set you back by over a lakh,why shouldn’t a very good Windowslaptop demand a premium for what itprovides?
The latest professional
machine from Dell
delivers on all fronts
Dell Latitude 7400 2-in-1: Work away to glory
Price: ₹��1,35,000 onwards Pros: Top specs, smooth performance, posh looks, face unlock Cons: On the heavier side
WIRELESS CHARGING ON THE GO
It’s easy to get addicted to wireless
charging. A few days of use and having
to physically plug in your gadgets
seems too big a nuisance. To cater to
this luxury there are now not only a
large number of wireless chargers
around, but a new category of onthe
go power banks that happen to be
wireless on top of their convenient
portability. And who should launch
one of these but Samsung. Simply
known as the Samsung Wireless
Battery Pack, this weighty slab of
power is meant to go with those of
Samsung’s phones that support
wireless charging, such as the S10
series phones, but will also juice up
any phone that has the Qi
Charging standard. You
can also charge the
wireless earbuds
that support
this form of
charging
along with
smartwatches that do the
same. We successfully tried a number
of Android phones that use Qi
charging and the iPhone and AirPods
as well and they charged up just fi��ne.
The Apple Watch needs its own
specifi��c cradle so that didn’t work.
There are two ways to charge using
this 10,000mAh power bank. One is
the usual way by using a cable
(provided) to connect the device to
the power bank. It takes a USB Type C
for its own charging and either type to
charge a product. Used like this, it isn’t
really wireless and is much like any
power bank. This is the method you
could use for faster charging. The
other way to use it is to place a
compatible device on the charging
pad on one side of the power pack.
You’ll hear a connecting sound and
see lights indicating that charging is
taking place. The power pack is rather
nice looking and comes in either rose
gold or silver. It costs ₹��3,699.
KISHORE BHARGAVA
1MORE is steadily and surely making amark in the Indian audio space. Theirwired headphones brought a very clearand balanced sound and it is good tosee that with their fi��rst true wirelessearbuds they are doing thesame. For brevity letsjust call them the1MORE TWSI for thatis how they show upwhen paired with adevice.
1MORE pays closeattention to designand many of theirproducts have awardwinning designs. In thecase of the TWS, they do lack a little bit.The buds are a little larger than mostothers and almost like bluetooth headsets of yore for use with mobile phones.They do come in a nice eggshaped casewhich has a little button to pop openthe lid, but the case is also a little bulky.
In terms of features, the earbuds area little sparse. They have the basic functions that one would expect. An interesting option is the masterslave, mastermaster approach. Allowing eachbud to be separately paired for calls orcombined for a more immersive stereosound. A single button on the top allows for pause, play, next and previoustrack control. Also, in paused mode, adoubleclick will allow the voice assistant to popup and it does support bothAndroid and iOS. No additional software is required to tweak the soundprofi��le or control the earbuds as is verycommon these days.
Comfort and sound are probably themost important elements of a pair ofearbuds. The TWSI come with multiplesizes for ear tips as well as ear hooks.You may need to go through severalcombinations before you land on the
fi��t that suits you most and it may be acombination of large tips and smalleror medium ear hooks. Everyone’s earsare diff��erent and spending a little timeon getting the right fi��t goes a long way.Once you have the best fi��t, you will fi��ndthe earbuds quite comfortable. Eventhough they are a little large, or ratherlarger than many others out there, theyare very lightweight and sit quite well
without falling off��. A good fi��talso ensures noiseisola
tion and improvessound quality. Thesound itself is quite
amazing. It is a cleanaudiophile profi��le.Unfortunately, thatmay not suit a larger
audience, but thosewho appreciate a clean
sound will love the earbuds.Very good reproduction of a variety ofmusic, including Western Classical,Jazz, Hindustani Classical and manyother genres.
Not sure if it would suit Bollywoodthough. Where it does lack is in the audio quality for phone calls. There aretimes when the recipients of calls maycomplain of a muffl�ed voice and askyou to repeat. The earbuds do also support Bluetooth 5 along with aptX andAAC allowing for higherresolutionmusic fi��les to be streamed easily.
Finally, battery life. The earbuds giveyou about 56 hours of continuous useand within 15 minutes are fullycharged and ready to go again. The caseprovides nearly 1617 hours of charge.In real world terms, this basicallymeans that any time you pick the earbuds out of the case, they are fullycharged and ready to go.
A mouthful of a name
and an ear full of sound
1MORE Stylish True Wireless In-Ear Headphones I
Price: ₹��5,499Pros: Great sound, goodbattery life, simple controls.Cons: Styling could beimproved, not great for calls
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 9IT & TELECOM
OUR BUREAU
Mumbai, July 10
The advanced analytics talentpool in India will triple tomore than two lakh by 2020from 65,000 in 2018, contributing to a large part of theglobal supply boom.
Globally, the advanced analytics talent pool is expectedto reach one million duringthat period, double that of2018 levels, according to astudy by Bain & Company.
Advanced analytics is a partof data science that projectstrends, events andbehaviours.
Arpan Sheth, partner, Bain& Company, an author of thereport said, “India has the potential to cement itself as thedominant global provider ofadvanced analytics expertiseby focussing on data securityand privacy. With new dataprotection regulations inplace in Europe and comingsoon to California and otherjurisdictions, India has an op
portunity to take the lead bysetting standards for data useand curation, and for howanalytics is delivered.”
“The fi��rst step is for India’sanalytics industry, in conjunction with the government, to adopt data securityprotocols, standards and certifi��cation to minimise risk ofdata misuse and breaches insecurity and privacy,” Shethadded.
India has the opportunityto become a critical analyticshub for both domestic andglobal companies and aglobal leader if educators,business and regulators solvesome key challenges, the report said.
Advanced analytics talent poolto triple to 2 lakh by 2020
WXAccording to a study by
Bain & Company, the
advanced analytics
talent pool is expected
to reach one million by
2020 globally
OUR BUREAU
Bengaluru, July 10
Samsung Venture InvestmentCorporation (SVIC), Samsung’sinvestment arm, that activelyinvests in early stage startups,announced its maiden investments in India, totalling $8.5million in four startups.
Samsung works closely withstartups committed to building innovative technologiesacross the globe, and has over$2.2 billion in assets undermanagement.
SVIC has invested in a system apps company OSLabs (Indus OS); a speech technologystartup Gnani.ai; an IoT solutions provider Silvan Innovation Labs; and an early stagecomputer vision startup.
“The Indian startup ecosystem has matured over the lastfew years with early stage companies working on topoftheline technology and services,
especially in areas like Artifi��cial Intelligence, IoT, Cloudand other emerging technology solutions as well as services,” Aloknath De, CorporateVice President and CTO, Samsung R&D Institute Bengalurutold BusinessLine.
He added, “We began engaging with startups by supporting app developers, afterwhich we forged deeper engagements with startups likeInMobi and Haptik, among
others.” He said, “We want tomake 100 investments in thenext threefi��ve years withcheque sizes of $15 million perinvestment. We are also opento coinvesting in startupsalong with other VCs.”
The four investments bySVIC are strategic in nature.
Samsung had recentlypartnered with OS Labs tolaunch the new Galaxy Store,powered by Indus App Bazaar,which brings app discovery
and download experience toconsumers in English and 12local languages.
Similarly, Samsung’s investment in Gnani’s ASR enginehas the potential to powerSamsung’s Bixby vernacularservice in future.
Focus on AI, IoTWith an installed base of over6,000 homes and 12 live communities, Silvan’s productsand IoT platform will addvalue to Samsung’s eff��orts tohave all its products IoTreadyby 2020.
In 2018, Samsung investedover $15 billion in R&Dthrough its 36 R&D centresglobally and also announced itwill invest $22 billion over thenext three years in artifi��cial intelligence (AI), 5G, automotiveelectronics components andbiopharmaceuticals that willdrive its future growth.
Samsung Venture invests $8.5 m in 4 start-ups
Samsung’s investment arm is targeting 100 investments of about
$1-5 million each in Indian start-ups in the next three to five years
PRESS TRUST OF INDIA
New Delhi, July 10
At a time when telecom operators intend to install over 57,500towers for mobile connectivityin rural areas during the currentfi��nancial year, over 1,000 mobiletowers and 500 telephone exchanges of cashstrapped BharatSanchar Nigam Ltd (BSNL) arenot functional due to nonpayment of electricity bills, Parliament was informed onWednesday.
“There is a plan to install57,559 towers for mobile servicesin rural areas during the fi��nancial year 201920 by telecom service providers,” Communications Minister Ravi ShankarPrasad said in a written reply toLok Sabha.
To another query, the Ministersaid that as per data available for2018, 5.54 lakh villages are
covered with mobile services,while 43,088 villages are notcovered. He added that connectivity in uncovered villages isbeing provided in a phasedmanner.
He said, “The reasons for nothaving mobile services in all villages include interalia, remoteand tough terrain, areas diversely located with scatteredpopulation and commerciallynonviable operations. However,mobile coverage in the uncovered villages is beingprovided in a phased manner.”
‘BharatNet’ project is being
implemented to off��er broadband connectivity to all 2.5 lakhGram Panchayats (GPs) in India.
Revival plan in the works“A comprehensive revival planfor two Stateowned fi��rms BSNLand Mahanagar TelephoneNigam Ltd (MTNL) is under preparation,” said the Communications Minister in a written replyto the Lok Sabha.
“Action has already been initiated by the Department of Telecommunications (DoT) and acomprehensive revival plan forBSNL and MTNL is under preparation,” he said.
The number of nonfunctionalmobile towers and telephone exchanges in the case of BSNL haveadded up to 1,083 and 524 respectively, in various locations.
To another question, the Minister said that BSNL has informedthat its 258 mobile towers are notfunctional on account of nonpayment of dues to the landowners. “BSNL informed thatbuilding owners are being pursued and payment will be madein due course of time,” he said.
BSNL said that 258 mobile
towers are not functional on
account of non-payment of
dues to landowners
Amid telcos’ ‘towering’ plans, BSNL fights to save its network1,000 towers,
500 exchanges
of PSU are not
functional: Govt
SANGEETHA CHENGAPPA
Bengaluru, July 10
Chip maker Intel deepened itsstartup engagement in Indiawith the close of the secondedition of Plugin StartupsDemo Day. This is part of theIntel India Maker Lab programme in Bengaluru, inwhich 11 startups showcasedinnovative products andsolutions.
Plugin is a unique collaborative incubation programmebetween Intel India, Department of Science and Technology (DST), the Government ofIndia, and Society for Innovation and Entrepreneurship(SINE) Indian Institute ofTechnology, Bombay.
The 11 startups have raised₹��22 crore funding in total. Fivestartups with revenue generating products and threewhich are doing paid customer trials have collectively
generated a revenue of ₹��24crore. Three are in fi��nal stagesof product development.
Since its inception in January 2016, Intel India MakerLab, which was branded asPlugin in 2017, has incubated23 hardware and systemsstartups and supported 60plus startups with infrastructure, technology, mentorshipand business connect support
in the areas of manufacturing,retail, healthcare, agriculture,BFSI and egovernance, acrossAI, Cloud, IoT and client compute.
Jitendra Chaddah, SeniorDirector, Operations &Strategy, Intel India, told Busi-nessLine, “We provide the infrastructure for the Pluginstartups with space andequipment to design and test
their products and solutions.We also provide access to ourPrincipal Engineers whomentor them on technologyand business.”
He added, “Intel, along withthe government, pools inmoney to give ₹��10 lakh toreach prototype stageand ₹��25lakh at the fi��nal product delivery stage. Then SINE, whichplays a programme management role, connects them toVCs, trains them and handholds them through the oneyear programme.”
Entropik Tech, SkinCurateResearch, Kaaenaat, CombatRobotics, Cyrrup, NOOS Technologies, Uber Diagnostics PvtLtd and Maxerience, wereamong the startups who participated in the second edition of Plugin. Applications toparticipate in the third edition of Plugin will open inSeptember.
Jitendra Chaddah, Senior Director, Operations & Strategy, Intel
India, said that the company provides start-ups with space
and equipment to design and test their products and solutions
Intel deepens start-up engagement in India
RADHESHYAM JADHAV
Pune, July 10
If Nationalist Congress Party(NCP) MP Supriya Sule succeeds in her eff��ort to revivethe Right To Disconnect Billand get it passed in the LokSabha, employees will soonbe able to disconnect fromworkrelated telephone callsand emails beyond workhours and on holidays, andrefuse to answer calls and respond to emails outsidework hours.
This is not the fi��rst timethat Sule is trying to push theBill. In November 2018, sheintroduced the private member Bill in Lok Sabha but itlapsed with the end of tenureof the previous House.
Sule now wants to take itup once again with the helpof members cutting acrossparty lines. The Bill proposesto establish the Employees’Welfare Authority, which willprotect employees’ right todisconnect. Sule said thatthat she was getting massive
support from people acrossthe country and their voicewill fi��nd resonance in LokSabha.
“I started a private member’s Bill in the previous LokSabha. I have decided to revive it, ” said Sule in a socialmedia message.
‘Digital detox centres’The Bill aims to free an employee from digital distractions and enable him to trulyconnect with the peoplearound him. The Billprovides for digital detoxcentres and seeks to recognise the right to disconnectas a way to reduce stress by
drawing a line between anemployee’s personal and professional lives.
The draft of the earlier Billmentioned that with the advent of digital and communication technology, an average worker can work fromanywhere, thanks to smartphones.
“According to the reportreleased by the World Economic Forum, the proportion of mobile workers whocould work from any location is expected to rise beyond 70 per cent. While thishas benefi��ts in terms of workfl��exibility, it also carries signifi��cant risk of erosion ofboundaries between professional and personal life,” theBill said.
The online petition startedby Sule to push the Bill has received support from over onelakh people. “I want to have abalanced life and give time tomy family” said Jaishree Patilfrom Mumbai who supported the online petition.
Supriya Sule, NCP leader
Bill in the works to put an end topesky ‘after-office’ calls, e-mails
BLOOMBERG
July 10
Cisco Systems Inc agreed tobuy Acacia Communications Inc for about $2.6 billion, which is the technology giant’s latestacquisition as it seeks technologies to meet customerdemand for more robustnetworks.
The San Josebased company will pay $70 a share, a46 per cent premium to Acacia’s closing price onMonday, the companies saidin a statement on Tuesday.
The purchase price isabout $2.6 billion on a fullydiluted basis net of cash andmarketable securities, andthe deal is expected to closein the second half of Cisco’sfi��scal 2020.
Corporate makeoverCisco, whose equipmentmakes up the backbone ofthe internet and corporatenetworks, has recently rekindled growth by revamping existing products and
adding new software andservices under a corporatemakeover by Chief Executive Offi��cer Chuck Robbins.
Sales forecastIn May, the company gave abullish sales and profi��t forecast for the current period, asign that corporations continue to spend on computernetworks despite the tradedispute between China andthe US.
“Bringing Acacia’s highspeed digital signal processing (DSP) technologiesinhouse allows Cisco to better compete with peers,such as Ciena,” said Woo JinHo, senior technology analyst at BloombergIntelligence.
Acacia’s stock surged asmuch as 38 per cent in NewYork on Tuesday, while Ciscoshares were little changed.Cisco’s stock had climbed 30per cent this year throughMonday’s close and hasdoubled in the past threeyears.
Cisco Systems to buyAcacia for $2.6 billion
BLOOMBERG
July 10
When Walmart Inc paid $16billion for control of India’secommerce pioneer Flipkart Online Services Pvt lastyear, the American retail giant got a littlenoticed digital payments subsidiaryas part of the deal. Now thebusiness is emerging asone of the country’s topstartups, a surprise benefi��tfor Walmart from itslargestever acquisition.
Flipkart’s board recentlyauthorised the PhonePe PvtLtd unit to become a newentity and explore raising$1 billion from outside investors at a valuation of atleast $10 billion, accordingto people familiar with thematter, asking not to benamed because the discussions are private. The funding may close in the nextcouple of months, although the talks are not fi��
nalised and terms couldstill change, they said. Theunit would then become independent with a distinctinvestor base, althoughWalmartowned Flipkartwould remain a shareholder.
PhonePe has grown intoone of India’s leading digital payments companies.Its volume and value oftransactions have roughlyquadrupled over the pastyear as consumers adopt
the technology to transfermoney digitally to businesses and each other.PhonePe is gaining groundon Paytm, which leads thefi��eld and is backed by Warren Buff��ett.
“PhonePe is an under appreciated asset,” Edward Yruma, an analyst from KeyBanc Capital Markets,wrote in a research note.He estimated the businessmay be worth $1415 billion,separate from Flipkart’s e
commerce operation. Thestartup was founded inDecember 2015 by threefriends who left Flipkart toget it off�� the ground.Within a year, Flipkartfounders Binny Bansal andSachin Bansal decided toacquire PhonePe, realisingthat solving payments friction would make it easierfor consumers to buy online. Less than a year later,demonetisation gave aboost to digital transactions. With this, Paytm,PhonePe and otherfl��edgling servicesfl��ourished.
In June, the PhonePe appreached 290 million transactions with an aggregatevalue of $85 billion, compared with 71 million transactions at $22 billion a yearearlier, according to thecompany. The servicegained momentum by offering an array of services,
including mutual funds,movie tickets and airlinebookings.
Globally, hardly anyprivately held fi��ntech company has reachedPhonePe’s scale on bothsides of the network so rapidly, said Sameer Nigam,PhonePe’s cofounder andChief Executive Offi��cer, saidin a statement.
Walmart debatedwhether to keep fundingthe payments business internally or whether to separate the operation so itcould raise outside funds.After ploughing nearly$300 million into PhonePe,the US retailer opted for thelatter course.
“While a strategic investor would likely be better for growth, senior Walmart executives areconcerned that such backers typically want more voting rights,” said a source.
How Walmart got a $10-b surprise after buying Flipkart
The start-up, which was founded in December 2015, has now
grown into one of India’s leading digital payments companies
PRESS TRUST OF INDIA
New Delhi, July 10
Chinese handset maker Transsion Holding on Wednesdaysaid that it is looking at ramping up exports from India tomarkets such as Africa andWest Asia.
Transsion has three mobilephone brands, Tecno, Infi��nixand itel, and is confi��dent Indiawill be one of its top threemarkets by next year.
“India is the fastest growingsmartphone market globallyand a key market for us. Wehave been here for about threeyears, but India is already ourfourth biggest market; and weare confi��dent that it will moveinto the top three next year,”Transsion India CEO, ArijeetTalapatra, told PTI.
It is also looking to set up aR&D unit in India to furtherlocalise its products.
Transsion: Indiawill be an exporthub, one of top three markets
REUTERS
Shanghai, July 10
Apple Inc has started a programme in Shanghai to helpChinese developers create appsas part of the iPhone maker’s efforts to build its services business in one of its most criticaloverseas markets.
The programme, or accelerator, will hold lectures, workshops and networking sessionsfor developers regularly, thecompany said in a statement.More than 2.5 million developers for Apple’s platformsare from greater China, a region that includes Taiwan,Hong Kong, and mainlandChina.
The launch comes at a timewhen iPhone sales in China —and the world — have sloweddown and CEO Tim Cook hastalked up Apple’s services business in the country as a bright
spot. The services business getsrevenue from apps, media, andother software.
On Tuesday, a report from research fi��rm Evercore ISI saidthat Apple’s services revenuehad likely risen over thequarter ended June, driven inpart by growth in China.
Apple had opened a similaraccelerator in 2017 inBengaluru. Both the Indian andChinese smartphone marketsare dominated by companieswho make Androidbaseddevices, such as Xiaomi andSamsung Electronics Co Ltd.
According to Japan’s Nikkei,Apple has asked suppliers to assess the cost implications ofmoving some production capacity out of China. Foxconn, amajor contractor for Apple, hassaid it is prepared to moveApple manufacturing out ofChina if needed.
To drive services biz, Applelaunches app developmentprogramme in China
VARUN AGGARWAL
THOMAS K THOMAS
Mumbai, July 10
After achieving a double-digit
growth in the first quarter, IT
services firm Tata Consultancy
Services (TCS) wants to
reflect on internal
processes and ensure
its investments are
returning value. In a
conversation with
BusinessLine, TCS CEO Rajesh
Gopinathan talked about how he
is taking a strategic call to divide
management focus and work on
improving efficiencies. Excerpts:
Your growth in BFSI and
North America has slowed.
What are the challenges that
you’re facing?
There is moderation on the capital markets side. People are uncertain about how it is going.We had called it out last quarter.That softness is actually increased during the quarter. A lotof impact in North America iscoming from BFSI and retail.Manufacturing is doing very
well for us in North America.Overall, I would say there isweakness volatility in the environment. We hope retail willbounce back next quarter. We’llwait and watch BFSI.
You’ve talked about
focussing on stability
instead of growth.
Why?
It’s not that we are notpushing for growth. In the lastcouple of years, we were completely focussed on getting todoubledigit growth to capturethe opportunity as well as to address credibility issues. Wemade big strategic calls thatwere counterintuitive to the industry. That credibility has beenestablished. Now, we need tostep back and look at the effi��
ciency paradigm. Our customers are faced to work on demand, effi��ciency and growthaltogether. We will also focus oncost management part.
Earlier, we were leveraging investments for growth, now we’llsee whether the productivitybenefi��ts are coming throughfrom our investments.
To me doubledigit was amilestone. I’m not interested inpushing that up. Our strategicagenda is now broader.
When Digitate was set
up, TCS said it had
the opportunity to
be a $2-billion
business. How is it
living up to that
expectation?
Let’s take the fi��rst
product they’ve launched —Ignio has already crossed $60million in revenue. It is the fastest growing software product inthat category. It will be a meaningful part of TCS portfolio butit will take time.
Digitate has been set up as aseparate entity. They act independently, but are stronglylinked to TCS. We have workedfor a Canadian retailer who wasnot a customer of TCS. Ignio
worked with them independently as
product vendor.We hardly haveany services busi
ness with thembut Digitate isat the frontlines without
the dependency
on TCS. Two of our competitorsare service providers and weare, in fact, training their peopleto use the product.
On the fl��ip side, we have setup our intelligent enterpriseautomation group, whichworks with Digitate and othervendors across a spectrum ofautomation tools.
Last year, TCS talked about
plans to bifurcate digital
revenues into specific
technologies such as cloud,
cyber security etc. When can
we expect to see that?
It is a long standing demand.Given the level of fl��ux, we arenot yet ready to talk about it.Coming out with numbersevery 13 weeks itself is a burden.Disaggregating it further, I wantto keep on doing it to a levelwhere it is value adding for usalso.
There is a lot of pressure on
margins. You’ve mentioned
impact from rupee and cost
related to hiring, is it that or
there’s more to shrinking
margins?
If you don’t innovate, you loseprice resiliency. Constant innovation and investment gets refl��ected in the ability to holdprices and your competitive position. That’s refl��ected in ourbestinclass industry marginsin an industry that has beenstruggling to maintain growthand margins. By our historicaltrends, margins are slightlylower, impacted by externalevents such as currency andpolitical events.
Do you think investing
internally as against
acquiring companies has
worked for TCS?
To me, it is always better to fundfrom P&L than from the balancesheet. We are very disciplinednot to use our balance sheet. Wehave been systematic about it.
Digitate and Ignio are worksin progress. The fact that it ishomegrown, has given us theconfi��dence to constantlychange.
Will focus on cost management, efficiency: TCS CEO
ZYTo me double-digit was a milestone. I’m not
interested in pushing that up. Our
strategic agenda is now broader
RAJESH GOPINATHAN CEO, Tata Consultancy Services
YZ
O
................CH-CHECMYK
CHENNAI
10 BusinessLine THURSDAY • JULY 11 • 2019MARKET RADAR
For BSE/NSE live quotes, scan
the QR code or click the link
https://bit.ly/2FpossK
Nod for REC’s ₹��75,000cr bond issueNew Delhi, July 10
Stateowned REC said on Wednesday that its
board has approved a proposal to raise ₹��75,000
crore through issue of bonds or debentures on
private placement basis in one or more
tranches in the next one year. “The board of
directors in its meeting held on July 10,
approved proposal of raising of funds through
issue of unsecured/ secured nonconvertible
bonds/ debentures through private placement,
up to an amount of ₹��75,000 crore, in one or
more tranches, subject to approval of
shareholders in the 50th AGM on August 29,” a
BSE fi��ling said. The funds will actually be raised,
from time to time, during a period of one year
from the date of passing of the resolution by
the shareholders in the AGM, it added. PTI
US stocks surge at openNew York, July 10
US stocks marched broadly higher in early
trading on Wednesday, sending the S&P 500
index into record territory, after the head of
the Federal Reserve signalled that the central
bank is ready to cut interest rates for the fi��rst
time in a decade. Technology companies and
communications services stocks drove much
of the gains. Energy stocks also headed higher
as the price of US crude oil climbed 3 per cent.
Exxon Mobil gained 1.3 per cent. The S&P 500
index rose 0.6 per cent as of 10.07 am Eastern
time. The Dow Jones Industrial Average gained
164 points, or 0.6 per cent, to 26,947. The
Nasdaq added 0.9 per cent. AP
Airtel Africa plummets 10% Lagos, July 10
Airtel Africa shares fell sharply on Wednesday, a
day after its debut $4.4billion fl��otation in
Lagos, mirroring a similar decline on the
London stock market where the telecom fi��rm
has its primary listing. Airtel dropped 10 per
cent in early trade on Wednesday, hitting a low
of 359.4 naira against an IPO price of 363 naira.
The telecom company, owned by India’s Bharti
Airtel, listed in Lagos on Tuesday in an offering
that made it the thirdlargest company on the
exchange by market value behind main rival
MTN Nigeria and Dangote Cement. REUTERS
QUICKLY
THE TOP 100Company Prev Close Open High Low Qty 52 W High 52 W Low PE BSE Close
ABB India [2]. . . . . . . . . . . . . . . . . . .. . . . . 1531.60. . . . . 1514.20. . . . . 1524.00. . . . . 1549.20. . . . . 1486.55. . . . . . . 62.00. . . . . 1669.00. . . . . 1130.00. . . . . 61 . . . . . 1514.00
ACC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1554.30. . . . . 1536.05. . . . . 1553.90. . . . . 1568.40. . . . . 1529.70. . . . . . 591.60. . . . . 1768.40. . . . . 1255.00. . . . . 18 . . . . . 1538.15
Adani Ports [2] . . . . . . . . . . . . . . . .. . . . . . 405.00. . . . . . 405.00. . . . . . 406.95. . . . . . 408.80. . . . . . 402.35. . . . . 2023.03. . . . . . 430.00. . . . . . 293.95. . . . . 31 . . . . . . 404.50
AmbujaCement [2]. . . . . . . . . . . . . .. . . . . . 211.10. . . . . . 208.85. . . . . . 211.80. . . . . . 211.95. . . . . . 207.90. . . . . 1424.63. . . . . . 245.25. . . . . . 188.50. . . . . 23 . . . . . . 208.80
Ashok Ley [1] . . . . . . . . . . . . . . . . . .. . . . . . . 83.80. . . . . . . 84.80. . . . . . . 84.00. . . . . . . 85.65. . . . . . . 83.55. . . . 14004.11. . . . . . 137.00. . . . . . . 77.50. . . . . 12 . . . . . . . 84.80
Asian Paints [1] . . . . . . . . . . . . . . . .. . . . . 1321.00. . . . . 1322.95. . . . . 1317.80. . . . . 1340.35. . . . . 1312.05. . . . . 1115.08. . . . . 1529.95. . . . . 1119.60. . . . . 60 . . . . . 1322.85
Aurobindo Phr [1] . . . . . . . . . . . . . .. . . . . . 603.80. . . . . . 597.10. . . . . . 606.40. . . . . . 607.00. . . . . . 589.35. . . . . 2424.00. . . . . . 838.00. . . . . . 566.00. . . . . 23 . . . . . . 597.40
AvenuSupmart . . . . . . . . . . . . . . . . .. . . . . 1374.95. . . . . 1350.80. . . . . 1370.00. . . . . 1384.95. . . . . 1345.00. . . . . . 239.04. . . . . 1696.15. . . . . 1126.95. . . . . 90 . . . . . 1350.25
Axis Bank [2]. . . . . . . . . . . . . . . . . . .. . . . . . 786.20. . . . . . 769.25. . . . . . 786.65. . . . . . 790.00. . . . . . 764.55. . . . . 5814.42. . . . . . 826.55. . . . . . 515.85. . . . . 43 . . . . . . 768.50
Bajaj Auto . . . . . . . . . . . . . . . . . . . . .. . . . . 2786.40. . . . . 2740.40. . . . . 2790.00. . . . . 2793.95. . . . . 2720.55. . . . . . 378.37. . . . . 3213.95. . . . . 2425.00. . . . . 18 . . . . . 2741.90
Bajaj Hld. . . . . . . . . . . . . . . . . . . . . . .. . . . . 3618.85. . . . . 3580.90. . . . . 3617.70. . . . . 3630.00. . . . . 3558.10. . . . . . . 19.69. . . . . 3799.00. . . . . 2203.65. . . . . 51 . . . . . 3579.55
BajajFin [2]. . . . . . . . . . . . . . . . . . . . .. . . . . 3603.10. . . . . 3429.05. . . . . 3599.95. . . . . 3599.95. . . . . 3412.00. . . . . 2909.58. . . . . 3761.35. . . . . 1912.00. . . . . 51 . . . . . 3426.55
BajajFinserv [5]. . . . . . . . . . . . . . . . .. . . . . 7855.40. . . . . 7658.20. . . . . 7819.90. . . . . 7907.20. . . . . 7602.65. . . . . . 506.28. . . . . 8577.05. . . . . 4960.00. . . . 397 . . . . . 7662.75
BandhanBank . . . . . . . . . . . . . . . . . .. . . . . . 524.20. . . . . . 534.55. . . . . . 524.30. . . . . . 537.95. . . . . . 524.00. . . . . . 237.79. . . . . . 741.00. . . . . . 369.15. . . . . 33 . . . . . . 534.45
BharInfratel . . . . . . . . . . . . . . . . . . . .. . . . . . 260.70. . . . . . 259.95. . . . . . 260.10. . . . . . 260.95. . . . . . 258.15. . . . . 1725.97. . . . . . 333.80. . . . . . 241.80. . . . . 19 . . . . . . 259.90
Bharti Air [5] . . . . . . . . . . . . . . . . . . .. . . . . . 362.30. . . . . . 358.55. . . . . . 362.90. . . . . . 364.90. . . . . . 353.65. . . . . 5201.80. . . . . . 371.00. . . . . . 254.29. . . . . - . . . . . . 358.35
BHEL [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 67.20. . . . . . . 66.75. . . . . . . 67.95. . . . . . . 68.20. . . . . . . 66.20. . . . . 7966.26. . . . . . . 83.25. . . . . . . 56.25. . . . . 19 . . . . . . . 66.75
Biocon [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . . 244.95. . . . . . 246.60. . . . . . 245.65. . . . . . 247.95. . . . . . 244.50. . . . . 1261.19. . . . . . 359.18. . . . . . 230.00. . . . . 89 . . . . . . 246.60
Bk ofBar [2]. . . . . . . . . . . . . . . . . . . .. . . . . . 125.90. . . . . . 124.25. . . . . . 126.75. . . . . . 127.25. . . . . . 123.70. . . . 15786.41. . . . . . 157.45. . . . . . . 90.70. . . . 114 . . . . . . 124.20
Bosch . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 15982.55. . . . 15915.45. . . . 15983.00. . . . 16049.95. . . . 15801.20. . . . . . . . 8.21. . . . 22400.00. . . . 15807.60. . . . . 29 . . . . 15913.80
BPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 360.10. . . . . . 349.60. . . . . . 360.15. . . . . . 363.40. . . . . . 346.00. . . . . 3957.01. . . . . . 421.30. . . . . . 239.00. . . . . 11 . . . . . . 349.60
Britannia [1] . . . . . . . . . . . . . . . . . . .. . . . . 2762.65. . . . . 2769.55. . . . . 2762.00. . . . . 2805.00. . . . . 2742.90. . . . . . 356.99. . . . . 3472.05. . . . . 2610.03. . . . . 59 . . . . . 2768.80
Cadila HC [1] . . . . . . . . . . . . . . . . . .. . . . . . 230.75. . . . . . 228.30. . . . . . 230.90. . . . . . 232.95. . . . . . 227.25. . . . . . 811.88. . . . . . 432.40. . . . . . 223.20. . . . . 15 . . . . . . 228.40
Cipla [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 548.80. . . . . . 544.95. . . . . . 545.35. . . . . . 551.15. . . . . . 541.85. . . . . 1045.56. . . . . . 678.00. . . . . . 483.75. . . . . 23 . . . . . . 544.65
Coal India . . . . . . . . . . . . . . . . . . . . .. . . . . . 229.60. . . . . . 233.35. . . . . . 231.40. . . . . . 234.50. . . . . . 230.05. . . . . 5900.37. . . . . . 299.60. . . . . . 212.00. . . . . 14 . . . . . . 233.50
Colgate [1]. . . . . . . . . . . . . . . . . . . . .. . . . . 1164.45. . . . . 1150.55. . . . . 1164.45. . . . . 1165.40. . . . . 1149.20. . . . . . 431.47. . . . . 1365.20. . . . . 1020.10. . . . . 41 . . . . . 1150.90
Concor [5] . . . . . . . . . . . . . . . . . . . . .. . . . . . 549.00. . . . . . 555.35. . . . . . 551.00. . . . . . 559.75. . . . . . 550.70. . . . . . 599.50. . . . . . 582.80. . . . . . 433.16. . . . . 28 . . . . . . 555.25
Dabur [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 406.25. . . . . . 409.75. . . . . . 404.00. . . . . . 410.90. . . . . . 404.00. . . . . 1681.84. . . . . . 490.70. . . . . . 357.10. . . . . 57 . . . . . . 409.65
Divis Lab [2] . . . . . . . . . . . . . . . . . . .. . . . . 1605.10. . . . . 1623.45. . . . . 1609.00. . . . . 1633.75. . . . . 1597.55. . . . . . 685.81. . . . . 1769.00. . . . . 1040.85. . . . . 32 . . . . . 1623.10
DLF Ltd [2]. . . . . . . . . . . . . . . . . . . . .. . . . . . 183.65. . . . . . 177.70. . . . . . 184.05. . . . . . 184.05. . . . . . 175.25. . . . . 9142.85. . . . . . 223.40. . . . . . 141.20. . . . . 63 . . . . . . 177.70
Dr Reddy [5] . . . . . . . . . . . . . . . . . . .. . . . . 2598.85. . . . . 2584.65. . . . . 2594.00. . . . . 2602.90. . . . . 2572.40. . . . . . 311.16. . . . . 2965.20. . . . . 2017.20. . . . . 35 . . . . . 2583.95
Eicher Motor . . . . . . . . . . . . . . . . . . .. . . . 19038.60. . . . 18751.00. . . . 18990.00. . . . 19270.95. . . . 18650.00. . . . . . . 83.12. . . . 29799.95. . . . 18222.00. . . . . 25 . . . . 18773.55
GAIL. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 147.10. . . . . . 144.95. . . . . . 148.30. . . . . . 149.20. . . . . . 144.30. . . . . 6748.68. . . . . . 199.40. . . . . . 144.30. . . . . 10 . . . . . . 144.90
GenInsurCorp [5] . . . . . . . . . . . . . . .. . . . . . 224.35. . . . . . 231.10. . . . . . 224.40. . . . . . 234.70. . . . . . 222.15. . . . . . 137.87. . . . . . 383.98. . . . . . 204.30. . . . . 18 . . . . . . 230.55
Godrej Cons [1] . . . . . . . . . . . . . . . .. . . . . . 646.75. . . . . . 637.75. . . . . . 646.40. . . . . . 651.25. . . . . . 635.00. . . . . 1278.28. . . . . . 979.34. . . . . . 627.55. . . . . 37 . . . . . . 637.50
Grasim [2] . . . . . . . . . . . . . . . . . . . . .. . . . . . 910.95. . . . . . 913.45. . . . . . 907.70. . . . . . 918.90. . . . . . 904.75. . . . . . 990.35. . . . . 1091.65. . . . . . 688.65. . . . . 32 . . . . . . 913.85
HavellsIndia [1]. . . . . . . . . . . . . . . . .. . . . . . 738.85. . . . . . 726.55. . . . . . 741.80. . . . . . 742.00. . . . . . 720.00. . . . . 1930.82. . . . . . 806.90. . . . . . 545.40. . . . . 57 . . . . . . 726.00
HCL Tech [2] . . . . . . . . . . . . . . . . . . .. . . . . 1020.75. . . . . 1018.90. . . . . 1014.00. . . . . 1035.00. . . . . 1013.10. . . . . . 865.80. . . . . 1190.00. . . . . . 920.15. . . . . 17 . . . . . 1018.90
HDFC [2]. . . . . . . . . . . . . . . . . . . . . . .. . . . . 2232.80. . . . . 2227.75. . . . . 2232.00. . . . . 2253.40. . . . . 2220.00. . . . . 1544.39. . . . . 2300.85. . . . . 1646.00. . . . . 40 . . . . . 2227.40
HDFC AMC [5] . . . . . . . . . . . . . . . . .. . . . . 1946.10. . . . . 1945.25. . . . . 1955.10. . . . . 1979.85. . . . . 1925.00. . . . . . . 91.97. . . . . 2096.75. . . . . 1248.30. . . . . 44 . . . . . 1944.80
HDFC Bank [2] . . . . . . . . . . . . . . . . .. . . . . 2379.15. . . . . 2388.75. . . . . 2378.75. . . . . 2398.00. . . . . 2366.25. . . . . 2892.29. . . . . 2502.90. . . . . 1884.40. . . . . 31 . . . . . 2386.25
HDFCStandLif . . . . . . . . . . . . . . . . . .. . . . . . 455.75. . . . . . 455.75. . . . . . 458.00. . . . . . 460.00. . . . . . 454.10. . . . . . 790.16. . . . . . 510.75. . . . . . 345.00. . . . . 72 . . . . . . 455.65
HeroMoto [2]. . . . . . . . . . . . . . . . . . .. . . . . 2444.10. . . . . 2400.00. . . . . 2450.00. . . . . 2459.00. . . . . 2392.00. . . . . . 458.64. . . . . 3695.00. . . . . 2360.00. . . . . 15 . . . . . 2400.15
Hind.Znc [2]. . . . . . . . . . . . . . . . . . . .. . . . . . 230.45. . . . . . 223.10. . . . . . 230.95. . . . . . 231.60. . . . . . 222.30. . . . . 1232.44. . . . . . 308.90. . . . . . 222.35. . . . . 12 . . . . . . 223.20
Hindalco [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 197.90. . . . . . 193.65. . . . . . 196.00. . . . . . 197.40. . . . . . 192.50. . . . . 5239.13. . . . . . 259.70. . . . . . 182.55. . . . . 36 . . . . . . 194.60
HPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 287.90. . . . . . 286.70. . . . . . 286.90. . . . . . 292.25. . . . . . 281.75. . . . . 6027.08. . . . . . 333.45. . . . . . 163.45. . . . . . 7 . . . . . . 286.70
HUL [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1740.25. . . . . 1718.60. . . . . 1739.00. . . . . 1754.90. . . . . 1703.10. . . . . . 648.48. . . . . 1870.50. . . . . 1477.90. . . . . 60 . . . . . 1717.85
ICICI Bank [2] . . . . . . . . . . . . . . . . . .. . . . . . 428.50. . . . . . 430.90. . . . . . 430.00. . . . . . 432.70. . . . . . 427.20. . . . 16494.28. . . . . . 443.85. . . . . . 256.50. . . . . 83 . . . . . . 430.95
ICICILombGIC . . . . . . . . . . . . . . . . . .. . . . . 1075.45. . . . . 1058.80. . . . . 1069.00. . . . . 1078.95. . . . . 1054.00. . . . . . 329.28. . . . . 1264.50. . . . . . 694.35. . . . . 49 . . . . . 1058.25
Idea Cell. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 11.35. . . . . . . 11.25. . . . . . . 11.35. . . . . . . 11.50. . . . . . . 11.20. . . . 33210.78. . . . . . . 37.45. . . . . . . 11.14. . . . . - . . . . . . . 11.27
IndiabullHSG [2] . . . . . . . . . . . . . . . .. . . . . . 687.10. . . . . . 659.60. . . . . . 689.00. . . . . . 696.00. . . . . . 653.50. . . . . 9630.72. . . . . 1396.85. . . . . . 500.20. . . . . . 8 . . . . . . 659.95
IndusInd BK. . . . . . . . . . . . . . . . . . . .. . . . . 1492.10. . . . . 1487.25. . . . . 1501.00. . . . . 1520.75. . . . . 1468.60. . . . . 3222.57. . . . . 2037.90. . . . . 1333.90. . . . . 27 . . . . . 1487.75
Infosys [5] . . . . . . . . . . . . . . . . . . . . .. . . . . . 715.50. . . . . . 717.25. . . . . . 709.00. . . . . . 722.70. . . . . . 706.50. . . . . 7573.82. . . . . . 773.65. . . . . . 600.65. . . . . 21 . . . . . . 716.90
IntGlobAviat . . . . . . . . . . . . . . . . . . .. . . . . 1566.30. . . . . 1398.05. . . . . 1409.70. . . . . 1417.00. . . . . 1264.85. . . . 12143.43. . . . . 1716.00. . . . . . 697.00. . . . 344 . . . . . 1397.75
IOC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 151.40. . . . . . 148.15. . . . . . 150.50. . . . . . 151.85. . . . . . 144.60. . . . 12575.05. . . . . . 171.55. . . . . . 105.65. . . . . . 8 . . . . . . 148.15
I-PruLifeINS. . . . . . . . . . . . . . . . . . . .. . . . . . 381.35. . . . . . 372.90. . . . . . 378.20. . . . . . 380.00. . . . . . 368.50. . . . . 1139.80. . . . . . 427.80. . . . . . 277.95. . . . . 47 . . . . . . 372.50
ITC [1]. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 273.10. . . . . . 273.15. . . . . . 273.55. . . . . . 275.25. . . . . . 270.75. . . . . 8162.74. . . . . . 322.70. . . . . . 263.60. . . . . 27 . . . . . . 273.35
JSW STEEL [1] . . . . . . . . . . . . . . . . .. . . . . . 262.35. . . . . . 254.90. . . . . . 263.50. . . . . . 264.35. . . . . . 252.00. . . . . 6051.19. . . . . . 427.30. . . . . . 252.15. . . . . . 8 . . . . . . 254.95
Kot.Mah.Bk [5] . . . . . . . . . . . . . . . . .. . . . . 1462.85. . . . . 1475.85. . . . . 1463.00. . . . . 1481.85. . . . . 1460.85. . . . . 2180.73. . . . . 1555.45. . . . . 1002.30. . . . . 58 . . . . . 1475.60
L&T [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1526.60. . . . . 1499.55. . . . . 1523.80. . . . . 1529.60. . . . . 1482.70. . . . . 2823.54. . . . . 1606.70. . . . . 1183.40. . . . . 33 . . . . . 1499.15
L&TFinHold . . . . . . . . . . . . . . . . . . . .. . . . . . 121.75. . . . . . 119.30. . . . . . 121.75. . . . . . 122.70. . . . . . 117.45. . . . . 8478.80. . . . . . 189.55. . . . . . 106.20. . . . . 89 . . . . . . 119.15
Lupin [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 751.05. . . . . . 760.15. . . . . . 755.25. . . . . . 762.00. . . . . . 748.00. . . . . 1594.46. . . . . . 986.00. . . . . . 697.30. . . . . 20 . . . . . . 760.05
M&M [5] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 632.70. . . . . . 621.65. . . . . . 630.00. . . . . . 636.10. . . . . . 619.10. . . . . 2081.71. . . . . . 992.00. . . . . . 598.00. . . . . 16 . . . . . . 621.30
Marico Ltd [1]. . . . . . . . . . . . . . . . . .. . . . . . 370.40. . . . . . 370.40. . . . . . 370.55. . . . . . 374.30. . . . . . 367.30. . . . . 1218.94. . . . . . 397.00. . . . . . 286.25. . . . . 43 . . . . . . 370.45
Maruti [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . 5945.45. . . . . 5927.90. . . . . 5959.00. . . . . 5995.00. . . . . 5900.00. . . . . . 809.39. . . . . 9922.85. . . . . 5900.00. . . . . 24 . . . . . 5928.70
MothersSum [1] . . . . . . . . . . . . . . . .. . . . . . 118.20. . . . . . 118.15. . . . . . 118.55. . . . . . 119.15. . . . . . 117.05. . . . . 3136.99. . . . . . 218.17. . . . . . 111.65. . . . . 46 . . . . . . 118.15
MRF . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 54571.20. . . . 55196.90. . . . 54572.00. . . . 55400.00. . . . 54555.55. . . . . . . . 5.23. . . . 81097.65. . . . 51850.00. . . . . 21 . . . . 55201.45
NHPC Ltd . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 24.15. . . . . . . 23.85. . . . . . . 24.10. . . . . . . 24.30. . . . . . . 23.75. . . . . 1185.70. . . . . . . 27.50. . . . . . . 21.75. . . . . . 9 . . . . . . . 23.90
NMDC Ltd [1] . . . . . . . . . . . . . . . . . .. . . . . . 109.15. . . . . . 113.55. . . . . . 109.95. . . . . . 116.50. . . . . . 109.60. . . . 10238.76. . . . . . 124.30. . . . . . . 86.45. . . . . . 8 . . . . . . 113.60
NTPC. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 129.55. . . . . . 129.05. . . . . . 129.00. . . . . . 131.00. . . . . . 128.65. . . . . 9141.20. . . . . . 146.25. . . . . . 106.75. . . . . 11 . . . . . . 129.10
ONGC [5] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 153.40. . . . . . 151.65. . . . . . 153.05. . . . . . 154.40. . . . . . 149.65. . . . . 5310.65. . . . . . 185.00. . . . . . 127.90. . . . . . 7 . . . . . . 151.65
Oracle Fin [5] . . . . . . . . . . . . . . . . . .. . . . . 3243.50. . . . . 3144.45. . . . . 3230.00. . . . . 3263.25. . . . . 3125.00. . . . . . . 45.03. . . . . 4655.00. . . . . 3022.00. . . . . 21 . . . . . 3145.55
PAGE INDUSTRIES . . . . . . . . . . . . . .. . . . 19882.30. . . . 20169.45. . . . 19830.00. . . . 20309.90. . . . 19650.05. . . . . . . 23.18. . . . 36335.95. . . . 19011.00. . . . . 57 . . . . 20197.85
Petronet . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 241.95. . . . . . 244.20. . . . . . 241.50. . . . . . 247.40. . . . . . 241.00. . . . . 4473.71. . . . . . 254.65. . . . . . 203.40. . . . . 17 . . . . . . 244.20
PGHH . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 10962.80. . . . 10921.90. . . . 10972.75. . . . 10989.85. . . . 10780.90. . . . . . . . 2.75. . . . 11190.00. . . . . 8714.00. . . . . 88 . . . . 10906.95
PidiliteInd [1] . . . . . . . . . . . . . . . . . .. . . . . 1177.75. . . . . 1183.25. . . . . 1178.25. . . . . 1187.75. . . . . 1173.00. . . . . . 195.18. . . . . 1311.00. . . . . . 898.00. . . . . 63 . . . . . 1182.60
PiramalEntp [2]. . . . . . . . . . . . . . . . .. . . . . 1990.30. . . . . 1937.05. . . . . 1989.10. . . . . 1998.05. . . . . 1925.00. . . . . . 763.96. . . . . 3302.55. . . . . 1706.10. . . . 109 . . . . . 1937.65
PowerGrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 204.75. . . . . . 205.30. . . . . . 204.70. . . . . . 206.45. . . . . . 203.10. . . . . 7129.86. . . . . . 212.00. . . . . . 173.05. . . . . 11 . . . . . . 205.25
Reliance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1280.10. . . . . 1278.85. . . . . 1280.05. . . . . 1289.35. . . . . 1268.70. . . . . 5494.32. . . . . 1417.00. . . . . 1001.50. . . . . 23 . . . . . 1278.35
SAIL. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 46.90. . . . . . . 45.80. . . . . . . 47.15. . . . . . . 47.30. . . . . . . 45.15. . . . 24276.49. . . . . . . 83.55. . . . . . . 44.10. . . . . . 8 . . . . . . . 45.85
SBI [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 359.50. . . . . . 354.20. . . . . . 360.55. . . . . . 361.50. . . . . . 351.30. . . . 18681.82. . . . . . 373.40. . . . . . 247.65. . . . . - . . . . . . 354.20
SBILifeInsur . . . . . . . . . . . . . . . . . . . .. . . . . . 759.00. . . . . . 741.95. . . . . . 751.80. . . . . . 758.30. . . . . . 740.00. . . . . . 459.59. . . . . . 776.05. . . . . . 487.00. . . . . 56 . . . . . . 742.35
Shr.Tr.Fin . . . . . . . . . . . . . . . . . . . . . .. . . . . 1052.40. . . . . 1034.20. . . . . 1058.00. . . . . 1067.35. . . . . 1025.10. . . . . 1345.45. . . . . 1476.00. . . . . . 903.50. . . . . . 9 . . . . . 1033.55
ShreeCements. . . . . . . . . . . . . . . . . .. . . . 21205.75. . . . 21199.55. . . . 21100.00. . . . 21414.00. . . . 20969.05. . . . . . . 22.04. . . . 22200.00. . . . 13125.00. . . . . 68 . . . . 21201.65
Siemens [2] . . . . . . . . . . . . . . . . . . . .. . . . . 1260.10. . . . . 1212.80. . . . . 1255.25. . . . . 1271.30. . . . . 1204.00. . . . . . 782.30. . . . . 1366.85. . . . . . 841.00. . . . . 44 . . . . . 1214.00
Sun Pharma [1] . . . . . . . . . . . . . . . .. . . . . . 386.40. . . . . . 392.20. . . . . . 386.00. . . . . . 397.35. . . . . . 380.60. . . . 10202.06. . . . . . 678.80. . . . . . 350.40. . . . . 46 . . . . . . 392.05
Tata Motors [2] . . . . . . . . . . . . . . . .. . . . . . 155.80. . . . . . 151.65. . . . . . 156.25. . . . . . 156.25. . . . . . 149.10. . . . 31737.85. . . . . . 282.00. . . . . . 141.90. . . . . 20 . . . . . . 151.40
Tata Steel . . . . . . . . . . . . . . . . . . . . .. . . . . . 468.45. . . . . . 454.80. . . . . . 469.50. . . . . . 474.35. . . . . . 448.05. . . . 13481.34. . . . . . 646.70. . . . . . 442.10. . . . . . 5 . . . . . . 454.60
TCS [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2133.35. . . . . 2108.20. . . . . 2080.00. . . . . 2127.85. . . . . 2071.30. . . . . 6343.58. . . . . 2290.65. . . . . 1784.00. . . . . 25 . . . . . 2107.70
Tech Mahindra [5] . . . . . . . . . . . . .. . . . . . 675.90. . . . . . 674.85. . . . . . 671.05. . . . . . 684.80. . . . . . 668.00. . . . . 2468.77. . . . . . 846.00. . . . . . 612.50. . . . . 15 . . . . . . 674.60
TheNewIndAss [5] . . . . . . . . . . . . . .. . . . . . 144.30. . . . . . 143.75. . . . . . 144.00. . . . . . 147.50. . . . . . 142.10. . . . . . . 63.18. . . . . . 311.15. . . . . . 142.35. . . . . 41 . . . . . . 143.75
TitanCompany [1] . . . . . . . . . . . . . .. . . . . 1098.95. . . . . 1101.20. . . . . 1103.00. . . . . 1125.00. . . . . 1088.35. . . . . 6366.34. . . . . 1340.75. . . . . . 731.70. . . . . 69 . . . . . 1101.20
UB [1] . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1350.90. . . . . 1352.70. . . . . 1351.00. . . . . 1365.05. . . . . 1348.20. . . . . . 184.39. . . . . 1493.75. . . . . 1029.60. . . . . 64 . . . . . 1352.50
UltraTech . . . . . . . . . . . . . . . . . . . . . .. . . . . 4498.70. . . . . 4480.70. . . . . 4476.00. . . . . 4529.00. . . . . 4431.65. . . . . . 315.48. . . . . 4903.90. . . . . 3263.70. . . . . 52 . . . . . 4479.65
United Spr [2] . . . . . . . . . . . . . . . . . .. . . . . . 568.90. . . . . . 560.45. . . . . . 570.00. . . . . . 574.85. . . . . . 554.20. . . . . . 953.56. . . . . . 680.00. . . . . . 439.00. . . . . 60 . . . . . . 560.70
UPL [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 640.05. . . . . . 634.85. . . . . . 635.00. . . . . . 646.65. . . . . . 627.30. . . . . 4906.68. . . . . . 709.25. . . . . . 358.60. . . . 119 . . . . . . 634.30
Vedanta Ltd [1] . . . . . . . . . . . . . . . .. . . . . . 161.50. . . . . . 160.00. . . . . . 161.40. . . . . . 162.10. . . . . . 156.75. . . . . 5831.06. . . . . . 246.90. . . . . . 145.90. . . . . 12 . . . . . . 160.00
Wipro [2] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 265.50. . . . . . 266.95. . . . . . 264.70. . . . . . 269.50. . . . . . 263.30. . . . . 2780.56. . . . . . 301.55. . . . . . 197.93. . . . . 21 . . . . . . 266.80
YES Bank [2] . . . . . . . . . . . . . . . . . . .. . . . . . . 91.35. . . . . . . 93.00. . . . . . . 92.15. . . . . . . 94.00. . . . . . . 91.50. . . . 75776.55. . . . . . 404.00. . . . . . . 85.70. . . . . 12 . . . . . . . 93.00
Zee Ent [1]. . . . . . . . . . . . . . . . . . . . .. . . . . . 331.75. . . . . . 332.75. . . . . . 332.05. . . . . . 340.80. . . . . . 330.30. . . . . 9280.67. . . . . . 544.70. . . . . . 288.95. . . . . 19 . . . . . . 332.80
Business Line is not responsible for the recommendations
sourced from third party brokerages. Reports may be sent
ELARA CAPITALTCS (Accumulate)CMP: ₹��2,107.7Target: ₹��2,320TCS revenue growth at 10.6 per cent yoyinconstant currency (CC) terms was lower thanour estimates of 11.0 per cent yoy. However, weare enthused BFSI continued to accelerate at 9.2per cent yoy in CC terms in Q1FY20 despitemanagement comments on headwinds insubsegments, such as Europe banks and USmarkets. The regional markets and othersegments were up 16.9 per cent yoy in CCterms, led by continued rampup of contractswith Transamerica (announced January 11,2018) and M&G Prudential (announced June 12,2018); management said the Transamericadeal’s transformation component is still beingexecuted. Deal wins in Q1FY20 remain healthyat $5.7 billion versus $4.9 billion in Q1FY19 whilebooktobill ratio remains constant at 1.0x.Valuation: Given TCS now enjoys 24 per centFY21E P/E premium versus Infosys, we revise ourrating to Accumulate from Buy despitestructurally lower execution risk with traineeonboarding fl��exibility. We lower our revenueby 3.9 per cent for FY20E and by 3.8 per cent forFY21E as we change our dollarrupeeassumption for FY20E to 70.7 from 71.9. Wedecrease EBITDA margin by 30 bps for FY20E,but raise it 74bp for FY21E, factoring in leaseaccounting change and higher traineeproportion.
BROKER’S CALL
EQUIRUS SECURITIESMSTC (Long)CMP: ₹��98.7Target: ₹��168MSTC (formerly Metal and Scrap TradingCorporation) is a governmentowned MiniRatna CategoryI PSU and one of the leadingB2B ecommerce company in India.Incorporated in 1964 as a trading company todeal in the export of scrap, it has grown intoa large diversifi��ed, multiproduct servicesand trading company. MSTC was a canalisingagency for import of ferrous scrap until 1992.After decanalisation, it has established itselfas one of the leading ecommerce serviceproviders in the country and also in tradingof bulk raw materials. It has also entered intothe recycling business through a 50:50 jointventure with Mahindra Intertrade for settingup a shredding plant and collection centresacross the countryWe believe 1) MSTC’s revenue model ischanging for good and towards low workingcapital ecommerce from capital intensivetrading business; 2) Balance sheet could beleaner as provisions are likely behind; and 3)company could continue to generate healthycash. Initiate coverage with ‘long’ rating and targetprice of ₹��168, set at 8x June 2020 trailingtwelve months EPS of ₹��21.Risks: Higher provisioning and refocus ontrading business could be key risks toestimates and multiples.
KR SRIVATS
New Delhi, July 10
Foreign portfolio investors (FPIs)and alternative investment funds(AIF) could get themselves structured as a ‘corporate’ if they wantto avoid paying the additionalsurcharge introduced in the recent Budget, CBDT Chairman PCMody suggested on Wednesday.
Addressing a postBudget conference organised by the Confederation of Indian Industry (CII),Mody said that the basic objectiveof the levy of surcharge on peoplewith income between ₹��2 and ₹��5crore and over ₹��5 crore is thatthese people have the ability topay and can shell out for the
cause of nationbuilding. It was not the base rate that was
changed, but only the surchargethat was changed, he added.
“As a collateral, it (levy of surcharge) aff��ected the FPIs andAIFs… But there again the optionis to go to the corporate structure,” he said.
Mody also felt there was no differential treatment and basicallythe increase in surcharge was toprovide benefi��t to the lower end.“One of the options before uswas to go in for increase in basictax rate. That was not consideredto be favourable. In one sentence,I can say that you can’t have yourcake and eat it too,” he said.
However, the CBDT Chairman’ssuggestion to FPIs and AIFs tostructure themselves as ‘corporates’ did not go well with sometax experts and AIF industryhonchos. They pointed out thatAIFs had opted for the trust routeas it provided fl��exibility and alsothat this investment vehicle wasallowed by market regulatorSEBI.
Body blow to hedge fundsThe Budget proposal to levy additional surcharge on ‘super rich’individuals will specifi��cally aff��ectCategoryIII AIFs (hedge funds), asthey are registered as trusts andare not treated as pass throughvehicles. It is the trusts which willbear the additional levy, it waspointed out. The levy of 37 percent surcharge on CategoryIII
AIFs is seen as a bodyblow to thisindustry, whose total AUM, according to SEBI is about ₹��42,000crore.
Reacting to the CBDT Chairman’s suggestion that FPIs andAIFs could opt for a ‘corporate’structure, Vaibhav Sanghavi , coCEO, Avendus, said that transitioning from a trust to a bodycorporate is operationally notfeasible.
“We are hopeful to have thesituation rectifi��ed for the survivalof the AIF CategoryIII industry,”Sanghavi told BusinessLine.
Sanghavi also highlighted thatAIF CategoryIII has been an activeparticipant to the disinvestmentprogramme to an extent of 10 percent on CPSE and Bharat22.“What we would recommend isto exempt SEBIregistered invest
ment vehicles from this increased surcharge,” he said.
Straightjacket approachAseem Chawla, Managing Partner, ASC Legal, said that it wouldnot be very apt to suggest astraightjacket approach that FPIsought to prefer itself gettingstructured only as a company.“There are a whole host of reasons which determine the form ofan entity — legal, regulatory, easeof winding up, etc,” he said.
Amit Maheshwari, Partner,Ashok Maheshwary & Co LLP, saidthat the surcharge is applicableto noncorporate entities andquite a few foreign portfolio investors are organised as trusts.Being organised as a trust has several advantages over other structures, he said.
But experts raise concerns over suggestion
mooted by PC Mody, Chairman, CBDT
Opt for ‘corporate’ structure to avoidadditional surcharge, FPIs, AIFs told
SHOBHA ROY
Kolkata, July 10
Mirae Asset Mutual Fund, whichcurrently has more than 80 percent of its assets under management (AUM) coming from equityschemes, is looking to scale up theshare of debt to achieve a morebalanced portfolio.
According to Swarup Mohanty,Chief Executive Offi��cer, Mirae Asset AMC, the company would aimto shore up the share of debt to itstotal AUM to close to 40 per centfrom the current 20 per cent in thenext twotothree years.
Not the right balance“The share of equitytodebt in ourAUM is currently 80:20 but it is notexactly a right balance. We wouldlike to be in the 60:40 regime. Onthe debt side, we have been more
of a good portfolio organisationthan being return chasers. In thenext twotothree years, we will seegood value for that positioning,”Mohanty told BusinessLine.
While a good portfolio’s returnsmay not be so good, the downsideis protected. And Mirae wouldprefer being in that segment. Itmight take some time for peopleto understand and recognise this,however, in the next threetofouryears the transformation of assetswould start happening, Mohantysaid.
The AMC has seven equity fundsand four schemes on the debt sideat present. It has also fi��led for anovernight fund. It has also put inplace a debt team to enhance itsfocus on the segment.
Mirae Asset also expects demand for ETFs to grow and is looking to build the business in thenext twotothree years in a morestructural manner. ETF is currently a very small business ataround ₹��20 crore. However, it has
the potential to grow. “Right now,we are just understanding thatbusiness. But in just a matter ofmonths we will bring moreproducts under that category. Weare in talks with most of thebenchmark providers. We haveformed our ETF team last month.We might get twotothreeproducts on the ETF side,” he said.
The AMC expects its AUM to
grow to ₹��40,000 crore by end ofDecember this year, compared to₹��28,000 crore last year. The company follows a January to December year.
Stay investedAccording to Mohanty, it is a goodtime for investors to allocate andstay invested. The economy is currently at a “unique situation” andthe large companies are poised tobecome larger, hence, making fora good buy; while the midcaps areat 20 per cent discount to largecaps, and hence, it is a good timeto start accumulating them.
“It is a very unique position forinvestors. Over the next fourtofi��ve years as the economy progresses towards $45 trillion, allthese companies will get benefi��ted in that growth. My earnestrequest to investors would be toallocate and stay invested. Retailinvestors should not only continue their SIPs but should top itup,” he said.
Mulls changing
equity-to-debt ratio
to 60:40 from 80:20
Mirae Asset MF plans to allocate more for debt
Swarup Mohanty, CEO, Mirae Asset
Global Invesments (India)
BLOOMBERG
July 10
Brookfi��eld Asset Management Inc is planningan off��er for a majority stake in debtladen SuzlonEnergy, according to people familiar with thematter.
The Torontobased investment fi��rm is working with afi��nancial adviser for duediligence onSuzlon, thepeople said,asking not tobe identifi��edas the detailsare private.Brookfi��eld proposes to start with buying newshares issued by the company, followed by purchasing stocks from the existing holders underan open off��er, the people said.
₹��11,000crore debtAs part of the proposed deal, the Canadian company is in discussions with Suzlon’s creditors torestructure the outstanding bank loans of morethan ₹��11,000 crore ($1.6 billion), under a socalled onetime settlement plan, the peoplesaid. Brookfi��eld is demanding that the lendersled by State Bank of India take a haircut of asmuch as 50 per cent on the loans, they said.
Suzlon is in talks with several investors andBrookfi��eld’s proposal is among the various options available, one of the people said. A bindingoff��er from Brookfi��eld could come as soon as theend of this month, another person said.
Shares of Suzlon rose as much as 5.3 per centin Wednesday afternoon trading. The stock hasfallen 36 per cent in the past year.
A deal such as Brookfi��eld’s could be critical forSuzlon and its lenders as the fi��rm’s ratings on itslongterm bank facilities were downgraded atCare Ratings to D from BB in April. Suzlon hasconvertible bonds worth $172 million comingdue on July 16, data compiled by Bloombergshows.
Deliberations are ongoing, details of Brookfi��eld’s proposal might change and the investment fi��rm can decide against an off��er at the end,the people said. A representative for Brookfi��elddeclined to comment. Representatives for Suzlon and SBI didn’t immediately respond to requests seeking comments.
Brookfield AMC in talks with financialadviser for majoritystake in Suzlon
WXBrookfi��eld proposes to
start with buying new
shares issued by the
company, followed by
purchasing stocks from
the existing holders
YOGANAND D
BL Research Bureau
Investors with a shorttermperspective can sell the stock ofJSW Steel at current levels. Thestock has been in an intermediateterm downtrend since registering a new high at ₹��427 inSeptember 2018. Medium aswell as shortterm trends arealso down for the stock.
In early May, the stock encountered a key resistance at₹��310 and continued to trenddownwards. While trendingdown, the stock conclusivelybreached its 21 and 50daymoving averages and has beentrading well below these levels.
On Wednesday, the stock fell
by almost 3 per cent withaboveaverage volume, breaching a key support at ₹��260. Thedaily and the weekly relativestrength indices have enteredthe bearish zone from theneutral region.
The shortterm outlook isbearish for the stock. It can continue to trend downwards andreach the price targets of₹��244.5 and ₹��239.5 in the upcoming trading sessions.Traders with a shortterm viewcan sell the stock with stoplossat ₹��260.5.
(Note: The recommendations are
based on technical analysis.
There is a risk of loss in trading.)
TODAY'S PICK
JSW Steel (₹��254.9): Sell
11492 • Nifty 50 FuturesS1 S2 R1 R2 COMMENT
11445 11400 11540 11593 Consider fresh short positions with
a tight stoploss if the contract
reverses down from 11,540
S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.
₹��2386 • HDFC BankS1 S2 R1 R2 COMMENT
2370 2355 2400 2415 Initiate long positions with a fi��xed
stoploss only if the stock moves
beyond ₹��2,400 levels
₹��716 • InfosysS1 S2 R1 R2 COMMENT
708 700 722 730 Initiate fresh long positions with a
stiff stoploss if the stock of Infosys
advances above ₹��722 levels
₹��273 • ITCS1 S2 R1 R2 COMMENT
270 267 276 279 The stock is experiencing selling
pressure at higher levels. Sell on
rallies with a stoploss at ₹��276 levels
₹��151 • ONGCS1 S2 R1 R2 COMMENT
149 146 155 158 Consider fresh short positions with
a tight stoploss if the stock of ONGC
fails to rally above ₹��155 levels
₹��1278 • Reliance Ind. S1 S2 R1 R2 COMMENT
1265 1250 1295 1310 Initiate long positions with a stiff
stoploss only if the stock breaches
above ₹��1,295 levels
₹��354 • SBIS1 S2 R1 R2 COMMENT
347 340 360 365 Make use of intraday rallies to
initiate fresh short positions with a
fi��xed stoploss at ₹��360 levels
₹��2107 • TCSS1 S2 R1 R2 COMMENT
2086 2065 2130 2150 Utilise intraday declines to buy
the stock while retaining a stiff
stoploss at ₹��2,086 levels
DAY TRADING GUIDE
REUTERS
Singapore, July 10
Singapore convicted threepeople for “frontrunning” under insider trading laws onWednesday,the centralbank said, inthe fi��rst caseof its kind inthe citystate.
The Monetary Authorityof Singapore(MAS) said Leong Chee Wai,E Seck Peng Simon and TohChew Leong were convicted andsentenced to 36 months, 30months and 20 months, respectively, in prison.
“This is the fi��rst case of frontrunning prosecuted as an insider trading off��ence in Singapore, which carries a more
severe penalty,” the MAS said ina statement.
Frontrunning is the practiseof trading on securities usingadvance knowledge of pending
orders towrongfully benefi��tfi��nancially.
The threewere chargedwith a total of333 counts ofinsider tradingoff��ences thatmade themtotal profi��ts ofS$8 million
($5.88 million) over a sevenyearperiod. Their crimes date backto 2007.
It is rare for insider trading toresult in prison sentences andcases often drag on for years.
The three were not availablefor comment.
Insider trading: Singaporejails three ‘frontrunners’
PRESS TRUST OF INDIA
New Delhi, July 10
Market regulator SEBI on Wednesday slapped a fi��ne of ₹��65 lakhon an individual for indulging infraudulent trading in the illiquidstock options segment at BSE.
The order follows a probe conducted by SEBI between April2014 and September 2015 after itobserved that 81.38 per cent of allthe trades executed in the stockoptions segment of the boursewere nongenuine trades.
The regulator noted that the individual, DeepakkumarSubhaschandra Mehta, was oneof the various entities which indulged in execution of nonreversal trades in the segment.
The fraudulent and unfairtrade practices of Mehta are in violation of the PFUTP (Prohibitionof Fraudulent and Unfair TradingPractices) norms, the regulatornoted.
SEBI slaps ₹��65lakh fi��ne on individual for fraud trade
................CHCHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 11MARKET RADAR
For BSE/NSE live quotes, scan
the QR code or click the link
https://bit.ly/2FpossK
Highs & Lows
Name Pr cl Close % Name H/L Close % Name H/L Close %
Name Pr cl Close % Name Pr cl Close %Name Pr cl Close %
NSE Circuit Breakers
Greenply to turn ex-datefor demerger
Shares of Greenply Industrieswill remain in focus, as it fi��xedJuly 12 as the exdate for theproposed demerger. Shareholders of Greenply Industrieswill get one share of Greenpanel, the demerged entity.The demerger is mainly for enhancing strategic fl��exibility tobuild a viable platform solelyfocusing on each of the businesses, Greenply said. Greenpanel will be listed on the BSEand the NSE. To receive Greenpanel shares, investors need toown Greenply by Thursday.
Calendar
L JULY 11
CCL Products (India) Limited: Financial ResultsDen Networks Limited: Financial Results
L JULY 12
3i Infotech Limited: Financial ResultsAdani Ports and Special Economic ZoneLimited: Fund RaisingBharat Wire Ropes Limited: Other businessmattersBodal Chemicals Limited: Other businessmattersGNA Axles Limited: Financial ResultsHathway Cable & Datacom Limited: FinancialResultsIndusInd Bank Limited: Financial ResultsInfomedia Press Limited: Financial ResultsInfosys Limited: Financial ResultsQuess Corp Limited: Fund RaisingReliance Industrial Infrastructure Limited:Financial Results
Active Nifty PutsExpiry Date Strike Price LTP Vol(Contracts) Turnover* (₹�� Lakhs) Open Interest
11Jul19 11500 34.50 576081 4981569.71 1266300
11Jul19 11400 6.50 401203 3432527.37 1268325
11Jul19 11450 15.30 333276 2865759.50 795375
11Jul19 11550 64.35 208246 1811618.38 404550
11Jul19 11600 104.95 199152 1744858.30 476175
11Jul19 11300 1.95 143191 1213792.88 694875
11Jul19 11350 2.85 111944 953216.31 323475
25Jul19 11500 123.30 66161 576278.02 1860900
25Jul19 11300 56.10 48238 410724.38 2061150
25Jul19 11400 84.00 43723 376346.16 1232550
* Notional Turnover
Active Nifty CallsExpiry Date Strike Price LTP Vol(Contracts) Turnover* (₹�� Lakhs) Open Interest
11Jul19 11600 5.65 695316 6056737.75 3718425
11Jul19 11500 28.75 456138 3949287.28 1596075
11Jul19 11550 12.70 425149 3690866.21 1544025
11Jul19 11700 1.35 417458 3664374.31 3161025
11Jul19 11650 2.20 358928 3137950.47 1424325
11Jul19 11800 0.60 169391 1499295.83 1413675
11Jul19 11750 0.90 141177 1244357.37 768150
25Jul19 11700 41.80 68099 600137.76 1527600
25Jul19 11600 72.00 68069 596487.12 1545525
11Jul19 11900 0.85 60736 542114.35 1375875
* Notional Turnover
CCL Products, Denresults on Thursday
The respective boards of CCLProducts (India) and Den Networks will meet on Thursdayto consider the fi��nancial results for the fi��rst quarter endedJune on Thursday. CCLProducts had reported a netprofi��t of ₹��24.13 crore for thequarter ended June 2018 andtotal revenues of ₹��218.69 crore;Den Networks had posted aloss of ₹��21.92 crore on revenues of ₹��281.87 crore. Shareholders and investors willclosely monitor the performance of these companies.
Ishan Dye rights issueopens on Thursday
The rights issue of Ishan DyeChemicals will open for subscription on Thursday andclose on July 26. The companyplans to issue about 51.82 lakhshares, aggregating to ₹��13.99crore at a price of ₹��27 a share.The entitlement ratio is 46shares for every 100 held by eligible shareholders, as on therecord date, which is May 10,2019. Investors will see the response to the issue. The fundswill be used for repayment/prepayment of certain identifi��ed loans.
Company News
MSTC on Wednesdayinformed the exchangesthat it has entered into anMoU with HeavyEngineering Corporation bywhich HEC has agreed toengage MSTC for disposal ofall surplus, condemned,scrap and obsoletematerials through MSTC’sauction website via eauction route. The stock ofMSTC slipped 0.75 per centat ₹��98.70 on the BSE.
What to Watch
Seya Industries hasannounced that its equityshares of face value ₹��10each will be admitted totrade on the National StockExchange of India from July11. The company hassuccessfully fulfi��lled all thecriteria laid down by theNSE for the listing. TheBSElisted company that isengaged in manufacturingand exporting of pigments,pharmaceuticals,agrochemicals and rubberchemical intermediates,had reported a profi��t of₹��88.49 crore and revenuesof ₹��412.78 crore for FY1819.Shares of Seya Industriesclosed at ₹��457.95, up 1 percent.
Positive cross-overCompany Close 7day avg Chg% 50day avg
Allahabad Bk 47.70 45.45 4.95 44.94
Mah Holiday 228.60 217.90 4.91 230.21
City Union 198.95 189.65 4.90 188.05
Mahindralife 413.95 394.66 4.89 418.59
Maricoltd 370.45 353.28 4.86 354.14
Divi's Lab. 1623.10 1549.92 4.72 1473.88
Caplin Point 415.55 397.26 4.60 403.97
Guj Petronet 187.10 178.90 4.58 180.99
Corpn.Bank 27.65 26.46 4.50 26.47
Vatech Waba 306.35 293.60 4.34 309.34
Nh 225.40 216.03 4.34 222.26
Zydus Well 1357.45 1302.20 4.24 1343.12
Aegis Logis 214.15 205.51 4.20 210.30
Greaves Cott 137.85 132.30 4.20 135.08
Indian Hotel 148.25 142.29 4.19 139.80
Reliance 1278.35 1227.43 4.15 1216.41
Honeywell 23303.55 22381.36 4.12 22054.02
Prsmjohnsn 90.90 87.39 4.02 91.21
Voltas Ltd 590.85 568.57 3.92 570.83
Zensar Tech. 250.75 241.51 3.83 453.97
Breakout above 7 day avg is a buy signal.(Price in ₹��) BSE
Negative cross-overCompany Close 7day avg Chg% 50day avg
Omaxe Ltd 199.45 209.88 4.97 212.52
Enginrs.(I) 110.55 116.17 4.84 118.56
Navin Fluori 647.70 680.12 4.77 678.35
Himachal Fut 20.20 21.21 4.76 22.48
Sfl�� 1317.50 1381.81 4.65 1418.73
Carborundum 345.85 362.57 4.61 360.99
Granules (I) 95.15 99.66 4.53 100.48
Mphasis Ltd 944.80 989.15 4.48 1030.28
Lindeindia 508.90 532.37 4.41 512.65
Colgate Palm 1150.90 1203.00 4.33 1190.58
Itc Ltd. 273.35 285.62 4.30 288.10
Dmart 1350.25 1410.18 4.25 1443.97
Hsil 237.90 247.78 3.99 263.98
Godrej Ind 485.40 505.24 3.93 527.20
Contain.Corp 555.25 577.92 3.92 589.73
Wabco 6159.90 6410.40 3.91 6506.80
Ambuja Ceme 208.80 216.81 3.69 217.64
Welspun (I) 55.90 57.99 3.60 59.03
Sanofi�� 5706.50 5919.66 3.60 5938.74
Iti Ltd. 88.65 91.80 3.43 91.85
Breakout below 7 day avg is a sell signal.(Price in ₹��) BSE
NSE Fast track (in ₹��)Price Over 14 days Days
Jun 21,2019 HIgh Low Close GL(%) Gain Loss
State Bank Of India 349.40 370.65 349.40 354.20 1.37 10 3
Reliance Communications L 1.35 1.70 1.25 1.70 25.93 10 3
Manpasand Beverages Ltd. 27.90 45.20 27.90 38.85 39.25 10 3
Siemens Ltd 1240.15 1357.65 1212.80 1212.80 2.21 9 4
Balram Chini M 139.70 154.95 133.45 154.20 10.38 9 4
Aegis Logistics Limited 209.60 214.15 199.50 214.15 2.17 9 4
Rbl Bank Limited 611.95 654.15 611.95 626.60 2.39 9 4
Parag Milk Foods Ltd. 245.00 273.80 245.00 260.50 6.33 9 4
Dixon Techno (India) Ltd 2214.70 2345.65 2210.70 2261.25 2.1 9 4
Bajaj Finance Limited 3565.85 3732.50 3413.30 3429.05 3.84 9 4
Pc Jeweller Ltd 52.05 52.05 38.85 38.85 25.36 3 10
Nhpc Ltd 25.20 25.20 23.85 23.85 5.36 3 10
Glaxosmithkline Pharma Lt 1228.30 1229.85 1165.80 1165.80 5.09 2 11
Navin Fluorine Int. Ltd 716.35 716.35 647.30 647.30 9.64 2 11
Himadri Speciality Chem L 106.65 106.65 97.60 97.60 8.49 2 11
Navkar Corporation Ltd. 29.35 29.35 24.15 24.15 17.72 2 11
Tech Mahindra Limited 740.45 740.45 674.85 674.85 8.86 2 11
Mcleod Russel India Ltd. 17.10 17.10 11.40 11.40 33.33 2 11
Shankara Bldg Product Ltd 456.65 456.65 365.30 365.30 20 1 12
Note: Gain/Loss over 14day period
PRESS TRUST OF INDIA
Mumbai, July 10
Equity benchmark BSE Sensexended 174 points lower afterchoppy trade on Wednesday,tracking losses in oil and gas,power, metal and auto stocks.
After swinging nearly 400points during the day, the 30share index settled 173.78points or 0.45 per cent lower at38,557.04. The index hit an intraday low of 38,474.66 and ahigh of 38,854.85.
Similarly, the broader NSENifty ended 57 points, or 0.49per cent, lower at 11,498.9 in itsfourth straight day of losses.During the day, the index hit alow of 11,475.65 and a high of11,593.7.
Bajaj Finance was thebiggest loser in the Sensexpack, cracking 4.91 per cent.
Shares of Tata ConsultancyServices too fi��nished 1.16 percent lower after the company’sJune quarter earnings failed tomeet market expectations.
Tata Steel, Tata Motors, Axis
Bank, L&T, Hero MotoCorp,M&M, Bajaj Auto and SBI alsoended up to 2.94 per centlower.
Auto stocks fell after the Society of Indian AutomobileManufacturers (SIAM) reported a decline in sales of all categories of vehicles in June.
On the other hand, YESBank, Sun Pharma, KotakBank, ICICI Bank and PowerGrid bucked the weak markettrend, rising up to 1.81 per cent.
According to traders, investors also turned nervousafter US President DonaldTrump launched a fresh attackon India on Tuesday for imposing tariff��s on Americanproducts.
Trump said it was “no longeracceptable,” days after he heldtalks with Prime Minister Narendra Modi and agreed to sortout the traderelated issues.
Elsewhere in Asia, ShanghaiComposite Index and Nikkeiended in the red, while HangSeng and Kospi settled higher.
The global oil benchmarkBrent crude futures surged1.79 per cent to $65.31 a barrel.
Indices slide for fourth straight daySENSOR
Oil and gas, power, metal and auto stocks led the Sensex drop on
Wednesday. Tata Power shed 2.99 per cent PAUL NARONHA
F&O CORNER
NSE Currency FuturesSymbol Expiry Date Close(₹��) % Change Open Int
USDINR 29072019 68.7150 0.03 1722853
GBPINR 29072019 85.8300 0.13 66079
EURINR 29072019 77.2175 0.15 64629
USDINR 28082019 68.9500 0.03 238980
JPYINR 29072019 63.2175 0.04 35830
GBPINR 28082019 86.2100 0.10 9220
EURINR 28082019 77.6250 0.14 10365
JPYINR 28082019 63.5275 0.04 4913
USDINR 26092019 69.1875 0.01 55752
EURUSD 29072019 1.1274 0.37 52163
National Stock Exchange
MCX Commodity FuturesCommodity Expiry Date Unit Close(₹��) % Change Open Int
CRUDEOILM 19072019 1 BBL 3967.00 2.24 59073
CRUDEOIL 19072019 1 BBL 3967.00 2.22 26480
SILVERMIC 30082019 1 KGS 38199.00 0.47 39191
NICKEL 31072019 1 KGS 900.90 1.01 10476
GOLDM 05082019 10 GRMS 34533.00 0.29 16553
ZINCMINI 31072019 1 KGS 191.05 0.92 10553
COPPER 31072019 1 KGS 432.55 1.53 5809
NATURALGAS 26072019 1 mmBtu 166.50 1.20 8411
SILVERM 30082019 1 KGS 38200.00 0.47 14502
ZINC 31072019 1 KGS 190.35 1.02 6332
GOLD 05082019 10 GRMS 34582.00 0.36 16952
SILVER 05092019 1 KGS 38180.00 0.50 18744
LEADMINI 31072019 1 KGS 155.25 0.42 4760
LEAD 31072019 1 KGS 155.40 0.45 3312
ALUMINI 31072019 1 KGS 142.65 0.56 4257
ALUMINIUM 31072019 1 KGS 142.50 0.67 2714
CRUDEOIL 19082019 1 BBL 3993.00 2.20 975
MENTHAOIL 31072019 1 KGS 1189.90 0.72 1050
CPO 30082019 10 KGS 499.10 0.72 2764
GOLD 04102019 10 GRMS 34858.00 0.32 8881
NCDEX Commodity FuturesName Expiry Date Rate Close(₹��) % Change Spot Price(₹��) Volume
Castor Seed 20082019 ₹��/quintal 5686.00 0.74 5642.85 9412
Guar Seed 10 MT 20082019 ₹��/quintal 4440.00 1.22 4389.15 7679
Castor Seed 19072019 ₹��/quintal 5632.00 1.40 5642.85 5976
Guar Gum 5 MT 20082019 ₹��/quintal 9029.00 2.17 8878.75 4063
Soy Bean 20082019 ₹��/quintal 3582.00 0.20 3565.00 3383
Chana 20082019 ₹��/quintal 4317.00 0.02 4249.30 2780
Guar Seed 10 MT 19072019 ₹��/quintal 4341.00 0.84 4389.15 2762
Cotton Seed Oilcake 20082019 ₹��/quintal 2771.00 1.09 2851.50 2525
Mustardseed 20082019 ₹��/quintal 3911.00 0.20 4050.00 2328
Ref Soya Oil 20082019 ₹��/10 kg 723.95 0.10 730.00 1973
NSE Equity FuturesSymbol Expiry Date Close(₹��) % Change Open Int
NIFTY 25072019 11492.25 0.53 18608475
BANKNIFTY 25072019 30507.70 0.43 1778720
TCS 25072019 2111.85 0.74 11074250
INDIGO 25072019 1398.00 12.51 3510600
BAJFINANCE 25072019 3435.50 5.11 5493250
YESBANK 25072019 93.35 1.71 118910000
TATASTEEL 25072019 455.80 3.18 32344585
SBIN 25072019 355.05 1.55 66108000
RELIANCE 25072019 1280.65 0.00 37630500
IBULHSGFIN 25072019 659.80 4.28 18294400
TATAMOTORS 25072019 151.65 2.93 69447000
ICICIBANK 25072019 429.00 0.01 87329000
MARUTI 25072019 5952.35 0.36 3189600
HDFCBANK 25072019 2391.45 0.14 16062000
INDUSINDBK 25072019 1487.35 0.64 12174000
TITAN 25072019 1104.25 0.10 9677250
SUNPHARMA 25072019 392.30 1.10 55136400
INFY 25072019 720.15 0.31 58461600
AXISBANK 25072019 771.35 2.35 42396000
LT 25072019 1484.50 1.75 10258500
National Stock Exchange
Future OI GainersOpen Interest Futures
Company Volume %Chg Price %Chg
IntGlobAviat 3510600 26.73 1398.0011.12
PVR 675600 10.97 1687.85 1.85
LIC Hsg Fin 8247800 9.59 541.55 5.41
Arvind 7704000 9.09 59.50 6.30
BSOFT 3126300 8.69 76.95 6.16
Reliance Infra 15900000 8.40 43.50 6.45
NCC 32864000 7.48 89.20 4.60
Dish TV 107184000 7.02 26.25 6.58
IPruLifeINS 4063500 6.61 369.75 1.99
IDBI 28428000 5.48 33.80 1.46
Future OI LosersOpen Interest Futures
Company Volume %Chg Price %Chg
Ramco Cem 935200 9.73 786.65 0.61
CESC 854400 9.72 775.05 1.46
Tata Chem 2319300 9.39 593.65 0.03
Hexaware 2065500 9.23 360.45 1.21
Rural Elec 42516000 9.22 143.10 4.07
Indraprash Gas 4023250 8.79 303.95 0.23
MRF 27000 5.79 55174.20 1.12
Glenmark 7092000 4.96 446.20 0.79
Adani Power 129980000 4.80 63.10 6.52
Tor.Pwr 3915000 4.67 296.85 1.18
Positive TrendCompany Spot Price Future Price % Diff
Ambuja Cement 208.85 209.90 0.50
Jindal Steel 131.80 132.45 0.49
BPCL 349.60 351.25 0.47
United Spirits 560.45 563.05 0.46
GAIL 144.95 145.60 0.45
Tata Power 66.35 66.65 0.45
Petronet LNG 244.20 245.30 0.45
CastrolIndia 125.65 126.20 0.44
IDEA 11.25 11.30 0.44
Nestle 11550.45 11601.20 0.44
Negative TrendCompany Spot Price Future Price % Diff
Reliance Cap 56.10 50.50 9.98
Dewn HsgFin 70.10 64.35 8.20
Reliance Infra 46.05 43.50 5.54
Ashok Leyland 84.80 81.80 3.54
JustDial 775.35 749.75 3.30
NIIT Tech 1308.75 1266.75 3.21
Page Ind 20169.45 19747.45 2.09
Bajaj Auto 2740.40 2686.25 1.98
IDBI 34.45 33.80 1.89
Tech Mahindra 674.85 663.65 1.66
High Volatile Counters (in ₹��)Stock Close Prev Close Futures Close Prev Close Volatility (%)*
Reliance Cap 56.10 59.25 50.50 53.60 1.8751
Dewn HsgFin 70.10 71.00 64.35 65.50 1.8093
Reliance Infra 46.05 48.95 43.50 46.50 1.6581
Yes Bank 93.00 91.35 93.35 91.75 0.9837
Adani Power 62.95 67.15 63.10 67.50 0.9414
Dish TV 26.15 27.90 26.25 28.10 0.8545
IndiabullHSG 659.60 687.10 659.80 688.05 0.8528
Rural Elec 143.10 137.30 143.10 137.50 0.8061
Arvind 59.40 63.20 59.50 63.50 0.7652
IntGlobAviat 1398.05 1566.30 1398.00 1572.95 0.6703
* Annualised
FUND CORNER
Focussed/Value/ELSSCAGR (%)
Latest NAV (₹��) 1 Yrs 3 Yrs 5 Yrs
Aditya Birla SL Focused Equity . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59.87. . . . . . . . . . . 6.10. . . . . . . . . 10.12. . . . . . . 10.43
Aditya Birla SL Pure Value . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49.05. . . . . . . . 13.58. . . . . . . . . . . 5.93. . . . . . . . . 8.64
Aditya Birla SL Tax Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.35. . . . . . . . . 4.87. . . . . . . . . . . 9.28. . . . . . . 12.50
Aditya Birla SL Tax Relief '96. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.13. . . . . . . . . 4.01. . . . . . . . . . . 9.89. . . . . . . 13.21
AXIS Focused 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.89. . . . . . . . . 1.31. . . . . . . . . 14.86. . . . . . . 14.00
AXIS Long Term Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.05. . . . . . . . . . . 2.32. . . . . . . . . 12.79. . . . . . . 14.36
Baroda ELSS '96 Plan A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.14. . . . . . . . . 5.87. . . . . . . . . . . 6.11. . . . . . . . . . . . . .
BNP Paribas Focused 25 Equity. . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.62. . . . . . . . . 0.89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BNP Paribas Long Term Equity. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.29. . . . . . . . . . . 4.39. . . . . . . . . . . 8.25. . . . . . . 10.42
BOI AXA Tax Advantage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.04. . . . . . . . . 8.20. . . . . . . . . . . 9.80. . . . . . . . . 9.77
Canara Robeco Equity Tax Saver . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65.58. . . . . . . . . . . 8.29. . . . . . . . . 12.58. . . . . . . 11.07
DHFL Pramerica Long Term Equity . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.38. . . . . . . . . . . 2.20. . . . . . . . . 10.76. . . . . . . . . . . . . .
DHFL Pramerica Tax Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.26. . . . . . . . . . . 2.02. . . . . . . . . 10.55. . . . . . . 11.40
DSP Focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.26. . . . . . . . . . . 3.20. . . . . . . . . . . 9.13. . . . . . . 11.15
DSP Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48.16. . . . . . . . . . . 7.10. . . . . . . . . 11.57. . . . . . . 12.80
Edelweiss Long Term Equity (TS) . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46.08. . . . . . . . . . . 0.17. . . . . . . . . . . 8.84. . . . . . . 10.07
Edelweiss Tax Advantage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.38. . . . . . . . . 0.27. . . . . . . . . . . 8.56. . . . . . . . . 9.61
Essel Long Term Advantage . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.27. . . . . . . . . . . 2.36. . . . . . . . . 10.00. . . . . . . . . . . . . .
Franklin India Focused Equity . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.91. . . . . . . . . 12.16. . . . . . . . . 11.62. . . . . . . 14.38
Franklin India Taxshield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 563.31. . . . . . . . . . . 1.31. . . . . . . . . . . 7.94. . . . . . . 11.78
HDFC Capital Builder Value . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 284.72. . . . . . . . . 2.37. . . . . . . . . 10.66. . . . . . . 11.28
HDFC Focused 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77.74. . . . . . . . . . . 2.42. . . . . . . . . . . 7.72. . . . . . . . . 7.52
HDFC Long Term Advantage . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 363.33. . . . . . . . . . . 8.62. . . . . . . . . 13.65. . . . . . . 11.38
HDFC Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 515.98. . . . . . . . . . . 3.97. . . . . . . . . . . 9.94. . . . . . . . . 7.95
HSBC Tax Saver Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.48. . . . . . . . . . . 1.28. . . . . . . . . . . 9.29. . . . . . . . . 9.79
ICICI Pru Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.72. . . . . . . . . . . 1.64. . . . . . . . . . . 7.45. . . . . . . . . 8.06
ICICI Pru Long Term Equity . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 377.45. . . . . . . . . . . 5.47. . . . . . . . . . . 9.75. . . . . . . 10.40
ICICI Pru Value Discovery . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142.80. . . . . . . . . 0.81. . . . . . . . . . . 5.75. . . . . . . . . 9.98
IDBI Equity Advantage Regular. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.21. . . . . . . . . 6.53. . . . . . . . . . . 6.72. . . . . . . 11.40
IDBI Focused 30 Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.73. . . . . . . . . 3.28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IDFC Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.03. . . . . . . . . 8.43. . . . . . . . . 11.26. . . . . . . . . 8.15
IDFC Sterling Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49.34. . . . . . . . . 8.68. . . . . . . . . 10.50. . . . . . . 11.45
IDFC Tax Advantage (ELSS) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.59. . . . . . . . . 1.39. . . . . . . . . 11.87. . . . . . . 12.59
IIFL Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.37. . . . . . . . . 12.49. . . . . . . . . 13.09. . . . . . . . . . . . . .
Indiabulls Tax Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.62. . . . . . . . . . . 1.05. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Indiabulls Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.40. . . . . . . . . 9.79. . . . . . . . . . . 3.65. . . . . . . . . . . . . .
Invesco India Tax Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.23. . . . . . . . . 0.02. . . . . . . . . 11.16. . . . . . . 12.72
JM Core 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.63. . . . . . . . . 1.38. . . . . . . . . 12.02. . . . . . . 11.59
JM Tax Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.85. . . . . . . . . . . 2.04. . . . . . . . . 13.07. . . . . . . 11.88
JM Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.17. . . . . . . . . 1.24. . . . . . . . . 11.43. . . . . . . 12.24
Kotak Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.55. . . . . . . . . . . 9.05. . . . . . . . . 11.88. . . . . . . 13.52
L&T India Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.67. . . . . . . . . . . 0.06. . . . . . . . . 10.29. . . . . . . 13.84
L&T Tax Advantage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.33. . . . . . . . . 3.97. . . . . . . . . 10.01. . . . . . . 11.25
LIC MF Tax Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66.18. . . . . . . . . . . 2.68. . . . . . . . . 10.80. . . . . . . 10.98
Mahindra MF Kar Bachat Yojana Regular. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.40. . . . . . . . . 0.13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mirae Asset Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.66. . . . . . . . . . . 8.46. . . . . . . . . 17.56. . . . . . . . . . . . . .
Motilal Oswal Focused 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.69. . . . . . . . . 0.31. . . . . . . . . 10.91. . . . . . . 11.51
Motilal Oswal Long Term Equity . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.75. . . . . . . . . 5.39. . . . . . . . . 12.20. . . . . . . . . . . . . .
Principal Focused Multicap. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63.41. . . . . . . . . . . 2.82. . . . . . . . . 10.05. . . . . . . . . 9.36
Principal Personal Tax saver . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191.52. . . . . . . . . 0.10. . . . . . . . . . . 6.92. . . . . . . . . 7.48
Principal Tax Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204.40. . . . . . . . . 0.20. . . . . . . . . 11.64. . . . . . . 11.08
Quant Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.89. . . . . . . . . . . 0.49. . . . . . . . . . . 9.21. . . . . . . 14.95
Quant Tax Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.12. . . . . . . . . . . 4.50. . . . . . . . . 10.71. . . . . . . 16.20
Source: NAV India.
Track NAVs of LargeCap/Large & MidCap schemes on Tuesday; MultiCap/MidCap/SmallCap on Wednes
day; Focussed/Value/ELSS on Thursday; Thematic & Sector on Friday; And Hybrid Funds on Saturday
AGM ahead
L JULY 11
Captain Technocast Ltd: A.G.M.Eih Ltd.: Postal BallotKakatiya Cement Sugar & Industries Ltd.:A.G.M.Laurus Labs Ltd: A.G.M.Mandhana Industries Ltd: Postal BallotModern India Ltd.: Postal BallotPunjab & Sind Bank: A.G.M.Rr Metalmakers India Ltd: A.G.M.Ugar Sugar Works Ltd.: Postal BallotVedanta Limited: A.G.M.
L JULY 12
Alfred Herbert (India) Ltd.: A.G.M.Avantel Ltd.: A.G.M.Deltron Ltd.: A.G.M.Geojit Financial Services Ltd: Postal BallotGraphite India Ltd.: A.G.M.Hdfc Bank Ltd: A.G.M.
Long & Short NSE : Open interestsFII Brokers Retail Investors
Long Short Long Short Long Short
Index Futures 119059 131925 35575 40837 182118 176806
Stock Futures 818112 547552 157767 86277 836270 253578
Index Call 168320 76751 122561 427143 925024 733951
Index Put 240881 80858 168789 185188 419247 642313
Stock Call 15553 20794 52986 131857 299407 215295
Stock Puts 13415 11176 60413 51734 115590 126508
Insider InfoCompany Transation Date Qty
L Equity
Jyoti Resins & AdheUtkarsh Jagdishbhai (B) 08072019 2608Jyotika Jagdish Pate(B) 08072019 1800
Bcc Fuba India Vishal Tayal(S) 08072019 400000Abhinav Bhardwaj(B) 08072019 400000
Moneyboxx Finance MoneyboxxCapital Pr(B) 09072019 90000
Sspn Finance Chandu K Jain(S) 08072019 6000Chandu K Jain(S) 09072019 18000
Quick Heal TechnoloKailash Katkar Revis(S) 12062019 1716671Sanjay Katkar Revise(S) 12062019 1716671AnupamaKatkarRevi(S) 12062019 418800Chhaya Katkar Revise(S) 12062019 418800
Valiant Organics Ujjwal Business Trus(B) 04072019 300000Paridhi Business Tru(B) 04072019 64962
Manomay Tex India Yogesh Kailashchand (B) 25062019 52000
Siddharth EducationReena Kulkarni(S) 03072019 124000
Orient Electric ShekhavatiInvestme(P) 19062019 5050000ShekhavatiInvestme(P) 28062019 6625000
(B) Acquier, (S) Seller, (P) Pledge
(R) Revoke, (I) Invoke
Sector By SectorClose(₹��) Pr Close(₹��) % Change 52wk high(₹��) 52wk low(₹��)
Nifty Auto 7511.15 7593.30 1.08 11105.50 7484.35
Nifty Bank 30522.10 30569.15 0.15 31783.60 24240.05
Nifty Commodities 3464.30 3494.80 0.87 3872.60 3082.40
Nifty Consumption 4573.25 4615.10 0.91 5416.45 4369.95
Nifty Energy 15466.40 15587.50 0.78 16841.85 13104.00
Nifty Fin Service 13314.35 13368.80 0.41 13881.35 10029.20
Nifty FMCG 29154.05 29321.30 0.57 33167.90 26889.65
Nifty Infra 3267.35 3314.10 1.41 3453.30 2777.90
Nifty IT 15168.60 15254.50 0.56 16720.40 13581.35
Nifty Media 1980.45 1984.35 0.20 2986.80 1895.90
Nifty Metal 2756.45 2788.05 1.13 3776.05 2649.25
Nifty Midcap 100 16942.65 17118.10 1.02 20088.05 15802.95
Nifty Midcap 50 4675.10 4733.25 1.23 5387.90 4288.80
Nifty MNC 12528.50 12628.50 0.79 15184.10 12363.40
Nifty Pharma 8009.50 8012.05 0.03 10786.35 7737.00
Nifty PSE 3421.35 3437.90 0.48 3754.35 2965.90
Nifty PSU Bank 3117.30 3151.65 1.09 3492.70 2564.50
Nifty Realty 275.55 279.95 1.57 295.50 198.25
Nifty Serv Sector 16493.00 16560.45 0.41 17156.80 13535.90
L TOP GAINERS
Mvl 0.15 0.20 33.33
Shekhawat 0.20 0.25 25.00
Celestial 4.30 5.15 19.77
Prakash C 2.60 3.05 17.31
Icsa (Ind 0.35 0.40 14.29
L TOP LOSERS
Uttam Val 0.10 0.0550.00
Sujana Un 0.20 0.1525.00
Fcs Softw 0.25 0.2020.00
Goenka Di 0.30 0.2516.67
Gallantt 37.55 31.7515.45
L ALL - TIME HIGH
Name H/L Close %
Refex Ind 115.40 115.40 4.96
L ALL - TIME LOW
Atn Intl. 0.05 0.05 0.00
Ballarpur 1.55 1.60 3.03
Bhandari 1.60 1.65 2.94
Bharatiya 1.65 1.65 2.94
Burnpur C 1.80 1.80 2.70
Capital T 113.00 114.45 8.95
Cl Educat 93.65 96.20 1.26
Cox & Kin 24.55 24.55 4.84
Ortel Com 1.60 1.60 3.03
Prataap S 777.10 781.85 0.82
Psl 0.75 0.80 0.00
Raj Rayon 0.05 0.05 0.00
Reliance 3.95 4.00 1.23
Rohit Fer 0.65 0.65 7.14
Sel Mfg. 0.75 0.80 5.88
Setco Aut 17.50 17.65 2.22
Shyam Cen 3.70 3.90 2.50
Sintex Pl 6.05 6.25 0.79
Siti Netw 2.45 2.45 3.92
Somi Conv 15.00 15.60 1.58
Spentex I 0.75 0.75 6.25
Splendid 0.30 0.35 0.00
Sujana Un 0.15 0.1525.00
Thiru Aro 5.75 6.20 3.33
Uttam Val 0.05 0.0550.00
Vardhman 3.55 3.80 4.11
Viceroy H 1.50 1.60 3.23
Viji Fina 0.45 0.55 10.00
W S Inds. 0.65 0.70 0.00
Xl Energy 0.55 0.65 8.33
Zenith Bi 0.40 0.40 0.00
Zicom Ele 1.25 1.25 3.85
Note: % change is over previous day's close
Digjam 1.60 1.60 3.03
Empee Dis 4.70 4.95 1.02
Flexituff 24.45 26.70 1.11
Gammon In 0.35 0.40 0.00
Gtl Infra 0.70 0.75 0.00
Gtpl Hath 53.05 53.55 4.97
Gulshan P 40.65 41.70 2.80
Health.Gl 132.20 133.60 3.85
High Grou 2.20 2.20 4.35
Hind.Copp 37.70 37.80 1.43
Hind.Natl 18.85 18.85 4.80
Hindustan 85.65 89.55 0.39
Integra G 0.55 0.55 8.33
Ismt 4.90 5.10 5.56
Jindal Po 21.70 21.90 3.95
Ksk Energ 0.65 0.70 0.00
Kss 0.10 0.15 0.00
Lasa Supe 10.65 10.75 4.02
Marathon 87.55 88.00 3.24
Mcleod Ru 11.40 11.40 4.60
Mcnally B 2.65 2.65 3.64
Mps Infot 0.05 0.05 0.00
Mvl 0.15 0.20 33.33
N R Agarw 191.25 194.00 4.15
Navkar Co 23.95 24.15 3.98
L UPPER
63 Moons 97.10 101.85 5
8K Miles 85.35 86.75 5
Aban Offs 37.40 37.20 10
Arihant S 48.30 45.95 10
Arshiya L 15.20 15.90 10
Californi 16.25 17.00 5
Celestial 4.30 5.15 20
Future Mk 37.00 38.85 10
Gammon In 0.40 0.40 5
Gpt Infra 44.30 48.05 10
Intrasoft 103.80 100.10 10
Jaiprakas 1.85 1.80 5
Ksk Energ 0.70 0.70 10
Mercator 1.65 1.70 10
Nel Holdi 2.15 2.05 5
Prakash C 2.60 3.05 5
Punj Lloy 1.40 1.40 5
Reliance 1.65 1.70 5
Radha Mad 5.35 5.60 5
Rolta Ind 5.35 5.35 10
Sakuma Ex 16.00 17.60 5
Jaiprakas 1.85 1.80 5
Kss Limit 0.15 0.15 5
Ksk Energ 0.70 0.70 10
Kesar Ter 50.35 45.35 10
Kwality L 3.70 3.55 5
Lloyds St 0.55 0.55 5
Magadh Su 123.60 118.55 5
Manpasand 40.85 38.85 5
Mcleod Ru 11.95 11.40 10
Mercator 1.65 1.70 10
Nel Holdi 2.15 2.05 5
Optiemus 61.65 61.25 5
Punj Lloy 1.40 1.40 5
Rushil De 257.30 244.45 5
Sintex In 2.95 2.95 5
Soril Inf 179.10 171.85 10
Spml Infr 17.40 15.95 10
Unitech L 1.15 1.15 5
Uttam Val 0.10 0.05 10
Vikas Eco 5.60 5.65 5
Note: % denotes circuit limit
Shirpur G 16.65 17.45 5
Sintex In 2.95 2.95 5
Sintex Pl 6.30 6.25 5
Tanla Sol 67.25 70.60 5
Unitech L 1.15 1.15 5
L LOWER
Adlabs En 5.05 4.85 5
Alok Indu 3.25 3.15 5
Arihant S 48.30 45.95 10
Brightcom 3.80 3.65 10
Bsl Ltd 29.25 28.90 5
Cox & Kin 25.80 24.55 5
Electroth 218.30 207.65 5
Eros Intl 16.40 15.60 10
Fcs Softw 0.25 0.20 10
Gammon In 0.40 0.40 5
Gss Infot 50.25 48.00 5
Gtl Infra 0.75 0.75 5
Indiabull 179.10 170.75 10
Igarashi 225.40 214.15 5
Jbf Indus 12.55 12.05 5
Jaypee In 1.50 1.45 10
High Delivery Stocks - BSETraded Delivered % Close Prev % Chg
Vol '000 Vol '000 Delivered(₹��) close(₹��)
Allsec Tech 554 554 99.93 300.15 300.15
Lauruslabs 102 101 99.57 339.40 344.60 1.51
Aavas 361 359 99.56 1498.95 1500.50 0.10
Gtl Infrast 325 323 99.48 0.72 0.74 2.70
Isw Ltd 178 173 96.91 0.74 0.74
Tata Comm 645 624 96.62 463.45 449.35 3.14
Intellect 174 163 93.71 265.50 265.20 0.11
Bil Energy 185 167 90.21 3.17 3.02 4.97
Grauer& Weil 260 234 90.02 48.05 48.05
Lloyds Met E 199 178 89.73 8.55 8.97 4.68
Niteshest 463 403 87.05 2.09 2.19 4.57
Jshl 140 120 85.71 7.92 8.00 1.00
Bcg 279 237 84.84 3.60 3.78 4.76
High Volume Stocks - NSEName Close (₹��) Volume 20day Avg Vol Gain (%)
Alkyl Amine 820.00 32234 2602 1139
Sund.Fast 475.90 263011 37436 603
Gul.Amb.Ex 141.10 104140 24985 317
Concor 549.00 2502559 669448 274
Surya Rosh 219.80 153607 41432 271
Ifb Ind 736.00 23974 7261 230
Natco Phr 534.15 670597 233814 187
Krbl 230.65 828010 298860 177
Citiun Bk 199.60 1651118 628425 163
Auto Axl 1020.80 17999 6899 161
The Under 50s - NSEClose(₹��) Prev.Close(₹��) Change% Volume 52wH(₹��) 52wL(₹��)
Shekhawati PolyYarn Ltd. . . . . . . . . .. . . . . . . . . . 0.25. . . . . . . . . . . . . . . 0.20. . . . . . . . . . . 25.00. . . . . . . . . 921886. . . . . . . . . . . 0.40. . . . . . . . 0.15Prakash Constrowell Ltd . . . . . . . . . . .. . . . . . . . . . 3.05. . . . . . . . . . . . . . . 2.60. . . . . . . . . . . 17.31. . . . . . . . . 936263. . . . . . . . . . . 6.45. . . . . . . . 2.15Parsvnath Developer Ltd . . . . . . . . . . .. . . . . . . . . . 3.90. . . . . . . . . . . . . . . 3.50. . . . . . . . . . . 11.43. . . . . . . . . 330303. . . . . . . . . 14.00. . . . . . . . 2.40Sakuma Exports Limited . . . . . . . . . . .. . . . . . . . 17.60. . . . . . . . . . . . . 16.00. . . . . . . . . . . 10.00. . . . . . . . . 998349. . . . . . . 246.50. . . . . . 15.25Viji Finance Limited. . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.55. . . . . . . . . . . . . . . 0.50. . . . . . . . . . . 10.00. . . . . . . . . 106552. . . . . . . . . . . 5.55. . . . . . . . 0.45Gpt Infraprojects Ltd . . . . . . . . . . . . . . . . .. . . . . . . . 48.05. . . . . . . . . . . . . 44.30. . . . . . . . . . . . 8.47. . . . . . . . . 151844. . . . . . . 164.00. . . . . . 36.10Bedmutha Indust Ltd . . . . . . . . . . . . . . . . .. . . . . . . . 16.85. . . . . . . . . . . . . 15.60. . . . . . . . . . . . 8.01. . . . . . . . . 129125. . . . . . . . . 27.60. . . . . . 13.80Dhanlaxmi Bank Limited . . . . . . . . . . .. . . . . . . . 17.90. . . . . . . . . . . . . 17.05. . . . . . . . . . . . 4.99. . . . . . . . . 627186. . . . . . . . . 21.20. . . . . . 10.70Orchid Pharma Limited . . . . . . . . . . . . .. . . . . . . . . . 7.55. . . . . . . . . . . . . . . 7.20. . . . . . . . . . . . 4.86. . . . . . . . . 202190. . . . . . . . . . . 8.70. . . . . . . . 3.00Radha Madhav Co. Ltd. . . . . . . . . . . . . .. . . . . . . . . . 5.60. . . . . . . . . . . . . . . 5.35. . . . . . . . . . . . 4.67. . . . . . . . . 205836. . . . . . . . . 41.00. . . . . . . . 4.85Arshiya Limited . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.90. . . . . . . . . . . . . 15.20. . . . . . . . . . . . 4.61. . . . . . . . . 156632. . . . . . . . . 64.50. . . . . . 14.55Religare Enter. Ltd. . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.15. . . . . . . . . . . . . 37.50. . . . . . . . . . . . 4.40. . . . . . . 1913635. . . . . . . . . 53.75. . . . . . 16.90Ducon Infratechnologies L . . . . . . . .. . . . . . . . . . 7.50. . . . . . . . . . . . . . . 7.20. . . . . . . . . . . . 4.17. . . . . . . . . 138098. . . . . . . . . 23.35. . . . . . . . 7.10Tata Teleserv(Maharastra) . . . . . . . .. . . . . . . . . . 4.05. . . . . . . . . . . . . . . 3.90. . . . . . . . . . . . 3.85. . . . . . . . . 474422. . . . . . . . . . . 5.85. . . . . . . . 2.60Pnb Gilts Limited . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.70. . . . . . . . . . . . . 35.60. . . . . . . . . . . . 3.09. . . . . . . . . 542035. . . . . . . . . 38.20. . . . . . 24.30Mercator Limited . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 1.70. . . . . . . . . . . . . . . 1.65. . . . . . . . . . . . 3.03. . . . . . . . . 486121. . . . . . . . . 23.80. . . . . . . . 1.35Reliance Communications L . . . . . .. . . . . . . . . . 1.70. . . . . . . . . . . . . . . 1.65. . . . . . . . . . . . 3.03. . . . . . . 2405067. . . . . . . . . 21.70. . . . . . . . 1.20Vakrangee Limited . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.80. . . . . . . . . . . . . 35.90. . . . . . . . . . . . 2.51. . . . . . . 4855337. . . . . . . . . 73.25. . . . . . 22.35Rattanindia Infra Limited . . . . . . . . . .. . . . . . . . . . 2.10. . . . . . . . . . . . . . . 2.05. . . . . . . . . . . . 2.44. . . . . . . . . 101832. . . . . . . . . . . 6.20. . . . . . . . 1.65Genus Power Infrastru Ltd . . . . . . . .. . . . . . . . 22.75. . . . . . . . . . . . . 22.25. . . . . . . . . . . . 2.25. . . . . . . . . 138645. . . . . . . . . 46.25. . . . . . 21.50B.L.Kashyap & Son Ltd . . . . . . . . . . . . . .. . . . . . . . 11.45. . . . . . . . . . . . . 11.20. . . . . . . . . . . . 2.23. . . . . . . . . 190383. . . . . . . . . 40.25. . . . . . . . 7.25Pil Italica Lifestyle Ltd . . . . . . . . . . . . . . .. . . . . . . . . . 9.15. . . . . . . . . . . . . . . 8.95. . . . . . . . . . . . 2.23. . . . . . . . . 397270. . . . . . . . . 10.50. . . . . . . . 5.30Suzlon Energy Limited . . . . . . . . . . . . . .. . . . . . . . . . 4.85. . . . . . . . . . . . . . . 4.75. . . . . . . . . . . . 2.11. . . . . 15117127. . . . . . . . . . . 8.65. . . . . . . . 2.75Syndicate Bank . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.20. . . . . . . . . . . . . 40.40. . . . . . . . . . . . 1.98. . . . . . . 3988496. . . . . . . . . 46.60. . . . . . 29.50Madras Fertilisers Ltd . . . . . . . . . . . . . . .. . . . . . . . 23.40. . . . . . . . . . . . . 23.00. . . . . . . . . . . . 1.74. . . . . . . . . 165091. . . . . . . . . 31.50. . . . . . 15.10National Fert. Ltd . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.15. . . . . . . . . . . . . 34.55. . . . . . . . . . . . 1.74. . . . . . . . . 346727. . . . . . . . . 51.80. . . . . . 30.70Himachal Fut Com Ltd . . . . . . . . . . . . . . .. . . . . . . . 20.15. . . . . . . . . . . . . 19.85. . . . . . . . . . . . 1.51. . . . . . . 1584079. . . . . . . . . 31.35. . . . . . 17.00Filatex India Ltd. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.10. . . . . . . . . . . . . 36.55. . . . . . . . . . . . 1.50. . . . . . . . . 496916. . . . . . . . . 66.30. . . . . . 33.50Anant Raj Limited . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.05. . . . . . . . . . . . . 29.70. . . . . . . . . . . . 1.18. . . . . . . . . 152339. . . . . . . . . 53.70. . . . . . 26.65Sjvn Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.95. . . . . . . . . . . . . 25.70. . . . . . . . . . . . 0.97. . . . . . . 2774234. . . . . . . . . 31.05. . . . . . 21.85Vikas Ecotech Limited . . . . . . . . . . . . . . .. . . . . . . . . . 5.65. . . . . . . . . . . . . . . 5.60. . . . . . . . . . . . 0.89. . . . . . . . . 954804. . . . . . . . . 23.30. . . . . . . . 5.35Lt Foods Limited . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.75. . . . . . . . . . . . . 20.60. . . . . . . . . . . . 0.73. . . . . . . . . 471280. . . . . . . . . 68.00. . . . . . 19.25Indian Overseas Bank. . . . . . . . . . . . . . . .. . . . . . . . 12.10. . . . . . . . . . . . . 12.05. . . . . . . . . . . . 0.41. . . . . . . 1401242. . . . . . . . . 17.30. . . . . . 10.85Tilaknagar Industries Ltd . . . . . . . . . .. . . . . . . . 12.50. . . . . . . . . . . . . 12.45. . . . . . . . . . . . 0.40. . . . . . . . . 126467. . . . . . . . . 18.90. . . . . . 11.50Uco Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.95. . . . . . . . . . . . . 18.90. . . . . . . . . . . . 0.26. . . . . . . . . 316346. . . . . . . . . 23.50. . . . . . 15.253I Infotech Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 3.25. . . . . . . . . . . . . . . 3.25. . . . . . . . . . . . 0.00. . . . . . . 1445962. . . . . . . . . . . 4.75. . . . . . . . 2.65Central Bank Of India . . . . . . . . . . . . . . . .. . . . . . . . 19.85. . . . . . . . . . . . . 19.85. . . . . . . . . . . . 0.00. . . . . . . . . 412107. . . . . . . . . 76.55. . . . . . 19.60Gammon Infra Proj Ltd. . . . . . . . . . . . . .. . . . . . . . . . 0.40. . . . . . . . . . . . . . . 0.40. . . . . . . . . . . . 0.00. . . . . . . . . 302448. . . . . . . . . . . 1.70. . . . . . . . 0.35Gtl Infra.Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.75. . . . . . . . . . . . . . . 0.75. . . . . . . . . . . . 0.00. . . . . . . . . 305871. . . . . . . . . . . 1.55. . . . . . . . 0.70Hbl Power Systems Ltd. . . . . . . . . . . . .. . . . . . . . 22.75. . . . . . . . . . . . . 22.75. . . . . . . . . . . . 0.00. . . . . . . . . 123082. . . . . . . . . 38.95. . . . . . 21.75Idfc Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.85. . . . . . . . . . . . . 35.85. . . . . . . . . . . . 0.00. . . . . . . . . 910224. . . . . . . . . 53.55. . . . . . 31.60Infi��beam Avenues Limited . . . . . . . . .. . . . . . . . 42.05. . . . . . . . . . . . . 42.05. . . . . . . . . . . . 0.00. . . . . . . 1190301. . . . . . . 242.70. . . . . . 27.50Kss Limited. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.15. . . . . . . . . . . . . . . 0.15. . . . . . . . . . . . 0.00. . . . . . . . . 559442. . . . . . . . . . . 0.25. . . . . . . . 0.10Ksk Energy Ventures Ltd . . . . . . . . . . .. . . . . . . . . . 0.70. . . . . . . . . . . . . . . 0.70. . . . . . . . . . . . 0.00. . . . . . . . . 637735. . . . . . . . . . . 2.10. . . . . . . . 0.65Lloyds Steels Ind. Ltd. . . . . . . . . . . . . . . .. . . . . . . . . . 0.55. . . . . . . . . . . . . . . 0.55. . . . . . . . . . . . 0.00. . . . . . . . . 551733. . . . . . . . . . . 1.85. . . . . . . . 0.45Bank Of Maharashtra . . . . . . . . . . . . . . . .. . . . . . . . 16.00. . . . . . . . . . . . . 16.00. . . . . . . . . . . . 0.00. . . . . . . . . 828567. . . . . . . . . 19.90. . . . . . 10.70Nagarjuna Oil Refi��nery . . . . . . . . . . . . . .. . . . . . . . . . 0.30. . . . . . . . . . . . . . . 0.30. . . . . . . . . . . . 0.00. . . . . . . . . 257427. . . . . . . . . . . 1.95. . . . . . . . 0.20Punj Lloyd Limited . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 1.40. . . . . . . . . . . . . . . 1.40. . . . . . . . . . . . 0.00. . . . . . . . . 293717. . . . . . . . . 17.55. . . . . . . . 1.35Rolta India Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 5.35. . . . . . . . . . . . . . . 5.35. . . . . . . . . . . . 0.00. . . . . . . . . 269649. . . . . . . . . 45.90. . . . . . . . 3.80Ruchi Soya Industries Ltd . . . . . . . . . .. . . . . . . . . . 4.75. . . . . . . . . . . . . . . 4.75. . . . . . . . . . . . 0.00. . . . . . . . . 723931. . . . . . . . . 11.90. . . . . . . . 4.45
................CH-CHECMYK
CHENNAI
12 BusinessLine THURSDAY • JULY 11 • 2019MARKET RADAR
For BSE/NSE live quotes, scan
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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl
L&TFinHold 121.75 119.30 121.75 122.70 117.45 8478.80 189.55 106.20 89 119.15L&TTechSer [2] 1656.40 1663.90 1671.90 1671.90 1632.00 39.36 1852.50 1254.20 25 1663.80La Opala [2] 203.65 204.40 202.20 206.85 198.35 31.20 293.70 181.00 31 203.55Lak.Vl. Bk 67.25 64.65 67.45 68.30 64.00 916.58 106.85 68.55 6 - LambodhText[5] 36.50 36.90 36.15 37.45 36.00 7.62 67.60 35.10 5 36.75Landmark [1] 2.50 2.45 2.60 2.60 2.40 0.86 6.96 2.41 - 2.41LasaSuperGen 11.20 10.75 11.00 11.20 10.65 22.52 45.20 10.79 - 11.08LaurusLabs 343.70 340.35 337.00 345.90 337.00 29.29 480.55 322.05 38 339.40LemonTreeHot 65.55 64.85 65.60 66.00 64.35 427.22 90.90 63.75 - 64.85LG Balakri 328.70 321.50 328.30 328.40 320.00 1.80 624.65 322.00 11 322.10Liberty Sh 114.60 109.15 115.00 115.00 108.60 51.96 231.50 105.75 27 108.95LICHsgFin [2] 571.70 541.45 573.15 574.15 537.00 2763.16 586.80 387.60 11 541.65Linc Pen&Pla 198.00 196.60 201.00 201.00 196.05 4.39 385.15 172.90 53 193.30Lincoln Phar 160.00 161.85 157.00 162.45 157.00 3.29 314.00 155.00 7 162.80Linde Ind 503.30 507.60 504.30 510.25 500.75 11.06 819.00 386.00 65 508.90LloydsSteel [1] 0.55 0.55 0.55 0.55 0.50 551.73 2.14 0.46 - 0.55LMW 4847.60 4755.30 4851.05 4884.85 4745.00 3.72 8460.00 4750.00 25 4763.50Lok.Mach 45.20 43.90 45.80 46.40 42.40 21.60 66.00 36.80 12 44.10Lotys Eye 19.80 19.50 19.65 20.40 18.50 5.06 33.40 18.20 - 19.40Lovable 71.10 70.45 71.70 72.45 70.00 9.29 140.80 63.00 21 70.60LT Ovrseas [1] 20.60 20.75 21.05 21.05 20.40 471.28 67.90 19.30 12 20.60Lumax tech [2] 102.35 102.35 101.00 103.80 101.00 3.53 224.10 99.00 15 102.10Lumx Ind 1241.95 1227.50 1242.75 1244.90 1211.20 1.62 2266.00 1208.80 14 1222.50Lupin [2] 751.05 760.15 755.25 762.00 748.00 1594.46 986.00 697.30 20 760.05Lux Indust. [2] 1167.55 1158.25 1166.20 1179.10 1151.00 47.82 2016.00 1054.95 29 1155.80Lyka Labs 21.25 21.95 21.35 22.00 21.10 8.02 52.20 20.30 - 22.00Lypsa Gem 4.90 4.95 4.90 5.00 4.85 1.10 17.10 4.75 - 4.88
M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .M&M Fin [2] 390.90 387.90 388.15 392.40 384.05 2610.44 527.45 351.00 15 387.65Maan Alum 79.80 79.10 80.85 81.70 78.50 1.82 144.00 77.60 6 79.05Madhav 35.90 34.25 35.00 35.70 33.95 1.16 59.80 32.40 7 34.50Madhucon [1] 5.80 5.75 6.05 6.05 5.55 15.21 13.00 4.25 2 5.95MagadhSug&En 123.60 118.55 123.60 127.70 117.45 19.58 136.50 45.07 5 118.70Magma Fin [2] 117.05 108.95 116.65 119.70 107.00 372.16 163.00 81.00 11 107.30Mah.Cie.Auto 220.60 219.15 221.70 221.70 215.10 48.43 301.80 211.00 55 216.25Mah.Holi 228.15 228.40 227.00 232.50 226.05 10.88 320.25 185.10 47 228.60Mah.Life 405.00 414.00 401.10 419.45 401.10 16.05 615.00 351.90 37 413.95Mah.Scoot 4359.70 4251.40 4370.00 4400.00 4221.00 2.36 4775.00 2028.80 68 4250.60Mah.Seam [5] 414.30 413.15 413.55 415.70 406.10 9.39 532.00 406.30 8 411.65MahangrGas 787.15 790.70 792.00 804.50 784.50 357.63 1057.20 757.00 14 790.85MaheswariLog 243.20 246.60 235.10 248.00 235.10 28.48 297.50 206.25 - - MahindraLog 459.25 464.20 460.15 466.45 455.40 7.85 623.95 418.80 39 463.30Maithan 546.55 554.90 552.00 568.15 547.00 8.65 699.00 339.75 6 554.00Majesco [5] 554.25 558.55 555.80 571.00 551.05 51.83 572.00 401.10 130 558.00Malu Paper 20.10 20.45 21.45 21.45 20.10 3.48 51.45 19.90 5 20.10Man Ind [5] 51.15 50.25 50.60 51.95 50.20 41.24 126.00 50.15 5 50.35Man Infr [2] 27.40 28.15 27.05 28.80 27.05 71.53 50.70 27.00 6 28.05ManakAlumi [1] 6.00 5.90 6.00 6.45 5.75 12.53 10.45 5.15 5 6.03Manaksia [2] 36.95 35.30 35.70 37.30 35.10 14.18 51.90 33.10 11 35.25ManakSteel [1] 16.70 16.50 16.75 17.60 16.50 2.96 31.00 14.60 10 16.40Manali Pet [5] 22.60 22.70 22.60 23.10 22.55 61.24 52.20 21.20 7 22.60Manap.Fin [2] 129.90 126.95 130.75 132.50 125.75 3332.57 144.90 66.40 14 127.05ManCoatMet [1] 4.10 3.95 3.95 4.20 3.95 0.09 13.50 3.90 - 4.25Mang.Cem 241.60 236.35 243.00 244.05 235.00 3.90 288.00 174.00 - 235.20Mang.Chem 34.45 34.35 33.50 35.05 33.50 15.76 64.00 27.85 12 34.45Mang.Drug 28.90 28.80 28.80 29.90 28.05 4.50 113.75 28.00 - 28.90ManpasandBev 40.85 38.85 38.85 38.85 38.85 20.17 161.90 25.30 5 38.85Manugrph [2] 18.90 18.65 19.15 19.40 18.40 2.88 49.80 16.00 - 18.55Maral Over 19.80 19.15 19.80 19.80 18.65 3.49 34.75 19.00 10 19.65MarathNxtge [5] 90.95 88.00 91.60 92.80 87.55 5.61 179.65 86.40 12 88.00Marico Ltd [1] 370.40 370.40 370.55 374.30 367.30 1218.94 397.00 286.25 43 370.45Marksans [1] 19.20 19.00 19.15 19.40 18.85 357.88 40.55 17.90 18 18.95MASFinServ 570.10 570.05 565.00 577.40 565.00 1.97 631.50 365.00 20 567.90Mastek [5] 463.45 458.80 462.05 467.90 457.40 21.18 643.90 365.20 44 458.65MatrimCom [5] 616.00 615.75 620.60 626.40 611.00 0.51 785.95 364.00 39 - Maw.Sug 43.65 41.80 43.90 43.95 41.50 113.52 73.00 31.00 4 41.90Max India [2] 66.40 65.10 66.05 66.75 64.50 63.00 95.20 55.00 - 65.00MaxFinancial[2] 417.15 410.50 414.00 418.25 406.40 258.33 533.60 343.95 224 410.65MaxVent&Ind 41.90 41.55 41.40 42.05 41.05 12.41 75.75 40.25 - 41.70Mayur Uniq [5] 269.65 268.35 268.45 273.45 265.50 11.35 435.00 260.10 14 269.35Mazda Ltd 398.60 398.90 403.25 419.50 391.65 1.27 480.00 244.05 12 402.25MBL Infra 6.75 6.65 6.65 6.85 6.55 9.47 22.70 5.61 2 6.50McD.Hld 18.30 17.75 17.90 18.50 17.50 4.06 35.85 15.00 - 17.95McL.Rusl [5] 11.95 11.40 11.65 11.90 11.40 351.55 175.25 11.40 - 11.40MCX 827.15 816.05 827.15 834.00 812.80 183.12 917.00 643.50 26 815.70Meghmani [1] 63.40 61.90 63.35 63.90 61.70 358.26 99.05 42.10 12 61.75MenonBear [1] 74.15 73.80 74.20 74.20 71.60 2.97 101.00 67.70 16 73.35MEP Infra 32.95 32.00 32.65 33.20 31.65 309.96 66.50 30.40 20 32.05Mercator [1] 1.65 1.70 1.70 1.70 1.60 486.12 23.65 1.14 - 1.73MetalystForg 8.25 8.65 8.65 8.65 8.65 3.53 19.45 4.95 - 8.70Metrpolhelth[2] 962.30 994.95 967.80 1003.00 954.95 31.46 1010.00 904.85 49 992.30MFL 23.00 23.40 22.70 23.95 22.60 165.09 24.70 12.15 - - Minda Corp [2] 100.35 102.75 100.50 110.00 100.00 167.25 170.00 99.40 23 102.75Minda Ind [2] 274.85 301.95 277.00 305.70 275.50 831.93 455.00 256.30 54 302.20MindTec(Ind) 40.85 39.80 41.40 41.40 39.10 57.47 55.90 29.00 14 39.70MindTree 772.45 758.50 770.00 772.20 754.35 1552.93 1181.90 735.90 16 757.95Mirc Ele [1] 16.35 15.95 16.10 16.45 15.75 70.94 35.40 15.30 - 16.00Mirza [2] 63.00 62.45 63.40 63.45 61.15 113.38 110.20 49.70 15 62.25MishDhatuNig 123.25 122.70 123.05 124.85 121.85 44.67 160.40 100.00 18 122.25MM Forg 455.25 458.20 451.60 473.00 451.60 2.43 736.48 451.00 14 458.05MMTC [1] 23.05 22.65 23.00 23.40 22.50 286.35 35.60 21.70 - 22.60Mohit Ind 5.90 5.65 5.90 6.05 5.55 0.54 12.10 5.50 - - MohotaInd 22.85 21.75 21.90 22.75 21.75 9.47 112.15 23.35 - 23.35MOIL 152.00 152.30 152.00 153.50 150.25 85.38 199.40 140.20 8 152.90Mold-TekPac [5] 273.15 271.95 272.00 275.50 271.00 22.07 372.55 201.80 24 272.50Mold-TekTec [2] 53.00 53.35 53.05 53.70 51.05 6.23 62.90 37.10 13 52.25MonetIsp&Ene 19.10 18.40 19.00 19.15 18.00 27.35 47.75 15.25 - - Monsanto 2215.05 2242.00 2207.00 2299.00 2191.70 2.04 3358.00 2139.00 26 2223.95Monte Carlo 295.40 295.00 295.00 299.75 292.00 2.18 454.00 278.10 10 293.40Morarj.Tex [7] 12.00 11.85 11.85 12.65 11.55 6.04 32.00 11.90 - 12.40Morepan [2] 17.20 17.15 17.35 17.50 17.05 208.73 37.10 14.70 - 17.20Most.Fin [1] 674.40 666.35 680.00 680.00 661.00 21.28 947.95 549.75 30 666.10MothersSum [1] 118.20 118.15 118.55 119.15 117.05 3136.99 218.17 111.65 46 118.15MphasiS 943.00 944.05 953.60 954.00 940.00 116.13 1278.00 855.00 23 944.80MPS 567.20 568.15 562.70 574.45 558.40 2.90 625.55 425.00 16 570.25MRF 54571.20 55196.90 54572.00 55400.00 54555.55 5.23 81097.6551850.00 2155201.45Mro-Tek [5] 25.80 25.80 25.80 25.85 25.40 1.04 61.90 24.40 - 27.00MRPL 58.70 58.55 58.75 59.40 58.00 230.68 91.35 57.85 30 58.40MSP Stl 6.50 6.60 6.90 6.90 6.45 1.34 16.29 6.06 - 6.70MSTC 99.35 99.00 99.35 100.95 98.00 11.71 120.50 83.20 - - MT Edu 39.15 38.50 40.50 40.50 38.05 24.47 94.05 34.65 38 38.45MTNL 8.10 7.95 8.15 8.20 7.90 832.09 19.40 7.25 - 7.96Mukand 42.50 42.05 41.30 43.25 41.30 14.06 73.50 40.60 - 42.00Mukand En 15.55 15.05 15.40 15.60 14.90 4.26 32.95 13.65 - 15.45Mukta Ar [5] 35.85 36.75 36.85 37.40 36.55 18.54 59.90 32.10 21 36.50Munj.Auto [2] 39.50 39.55 39.10 40.05 39.10 16.66 76.25 39.15 12 39.45Munj.Showa [2] 146.40 146.00 146.00 147.15 145.40 14.10 238.95 141.15 9 145.50Murd.Cera 18.30 17.90 19.30 19.30 17.60 18.40 39.90 16.90 - 18.15MusicBrdcast 57.40 57.65 57.30 58.05 56.35 14.07 340.00 46.35 - - Muthoot Cap 669.95 642.20 668.80 672.25 640.00 10.30 1300.00 640.00 13 646.20Muthot.Fin 614.45 606.05 617.55 618.95 603.70 457.92 656.80 356.55 12 606.20MVL [1] 0.15 0.20 0.20 0.20 0.15 71.05 0.33 0.19 - 0.19
N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NACLInd [1] 28.45 27.00 28.15 29.80 26.50 72.73 43.20 25.00 - 27.40NagaDhunseri 715.85 679.00 682.50 695.00 675.00 0.31 1649.00 576.20 - - Nagar.Oil [1] 0.30 0.30 0.30 0.30 0.25 257.43 1.98 0.25 - 0.28NagarjunFert [1] 4.85 4.90 4.80 4.95 4.80 84.29 14.29 4.60 - 4.86Nagrk.Cap [5] 8.40 8.25 7.90 8.95 7.65 2.93 33.20 7.66 - 8.02Nagrk.Exp [5] 18.00 18.20 18.90 18.95 17.00 26.75 34.00 16.65 7 17.45Nah.Cap [5] 76.25 76.65 76.25 78.00 76.20 0.41 135.00 74.75 11 78.45Nah.Ind 30.50 30.50 30.95 30.95 30.00 5.20 73.70 28.55 - 30.15Nah.Poly [5] 32.50 33.15 35.65 35.70 32.50 2.29 52.50 28.10 9 33.25Nah.Spg [5] 66.15 65.55 66.55 66.55 65.05 6.68 107.00 64.50 4 65.10NALCO [5] 47.80 46.85 48.00 48.05 46.6510840.47 78.50 46.25 5 46.85Nalwa Son 1001.35 987.55 1000.00 1014.05 981.35 0.15 1400.00 870.00 17 995.00Nandan Den 37.85 36.35 37.00 37.90 36.25 23.54 93.20 36.40 8 36.50NarayaHru 227.15 225.05 228.00 230.00 225.00 243.14 264.00 181.35 92 225.40Natco Phr [2] 534.15 532.00 538.00 538.50 528.05 64.86 849.00 482.00 14 532.60Nath Bio-Gen 406.00 402.00 410.95 410.95 400.00 4.21 533.05 327.60 20 402.65Natl Build [1] 56.45 54.85 56.10 56.65 54.35 5194.79 79.65 46.55 26 54.85Natl Fert 34.55 35.15 34.25 35.40 34.25 346.73 51.80 30.70 6 35.15Nava.B.Ve [2] 94.40 92.55 94.90 95.25 92.15 98.98 145.20 87.90 10 92.75Navin Flu [2] 655.55 647.30 656.00 667.95 645.85 23.88 823.00 581.35 22 647.70Navkar Corp 25.15 24.15 26.35 26.35 23.95 303.97 142.95 24.05 7 24.25Navneet Ed [2] 105.15 107.65 105.15 108.30 105.15 20.28 139.40 98.55 14 107.05NBI.IndFinCo 1398.00 1398.00 1376.00 1398.00 1376.00 0.18 1600.00 885.20 - - NCC [2] 93.05 89.15 93.90 93.90 87.6511404.87 119.15 63.10 9 89.10NCL Ind 127.70 124.35 130.00 130.00 123.30 19.16 175.25 99.25 12 124.05NDTV [4] 34.60 34.60 34.40 34.65 34.15 3.00 43.45 31.05 13 34.70NECaryCorp 6.85 6.60 6.75 6.75 6.55 10.17 15.20 5.61 - 6.60Nect.Life [1] 13.90 13.80 14.00 14.20 13.60 41.50 30.95 13.25 6 13.90Nelcast [2] 45.80 46.25 46.30 46.95 45.85 14.69 93.00 44.25 10 46.15Nelco 292.40 286.50 293.95 294.80 285.10 26.64 372.05 201.70 37 286.50NeogenChem 341.75 346.30 342.00 348.40 336.00 29.34 403.70 261.00 - - Nesco [2] 548.65 559.90 548.65 564.95 548.65 15.14 587.85 405.00 22 558.90Nestle 11687.05 11550.45 11715.00 11795.00 11530.00 44.24 12025.65 9080.10 6811554.60Netwk 18 [5] 25.30 24.45 25.05 25.70 24.30 154.72 57.80 24.05 - 24.55Neuland 552.70 518.50 543.90 555.60 507.00 33.33 824.55 431.45 41 519.45NewgenSwTech 298.70 292.05 300.00 300.00 290.65 7.55 371.00 205.25 21 291.00Next Media 14.00 13.25 13.95 13.95 12.80 3.57 26.95 12.35 - - NHPC Ltd 24.15 23.85 24.10 24.30 23.75 1185.70 27.50 21.75 9 23.90NIIT [2] 99.90 96.80 99.40 100.00 96.20 373.84 116.90 60.80 54 96.80NIIT Tech 1314.75 1308.75 1305.10 1316.70 1299.00 882.31 1425.00 1031.30 27 1308.30Nila Infras [1] 6.55 6.35 6.50 6.60 6.30 120.38 14.50 5.80 - 6.33NILA SPACES 2.10 2.00 2.00 2.00 2.00 4.82 5.05 1.40 - - Nilkamal 1177.60 1170.55 1175.50 1175.90 1146.35 4.61 2133.30 1083.70 16 1170.00Nippo Bat 448.15 443.70 452.95 463.00 442.05 0.52 876.60 430.00 9 445.70Nitco 31.65 30.40 31.30 32.15 30.05 73.80 79.95 27.85 - 30.35Nitesh Es 2.15 2.05 2.10 2.25 2.05 310.24 8.90 1.81 - 2.09Nitin fire [2] 0.60 0.55 0.55 0.65 0.55 204.51 3.85 0.51 - 0.55Nitin Spn 69.50 70.35 69.00 71.90 69.00 14.37 97.50 68.00 6 70.30NLC India 66.45 64.50 66.25 66.35 64.20 223.46 85.50 60.70 7 64.40NMDC Ltd [1] 109.15 113.55 109.95 116.50 109.6010238.76 124.30 86.45 8 113.60Nocil 111.80 109.10 112.50 113.50 108.55 346.26 188.00 108.85 10 109.25Noida Toll 3.85 3.75 3.65 4.05 3.65 14.76 12.85 3.17 - 3.65NRAgarwalInd 202.40 194.00 201.75 204.10 191.25 18.69 616.00 191.25 - - NRB Bear [2] 153.15 152.20 151.95 154.85 151.05 14.87 223.60 140.10 17 152.70NRB Ind [2] 15.40 15.90 16.85 16.85 15.10 2.25 33.10 13.00 - 16.30Nucleas Sw 330.45 326.25 330.00 338.85 324.00 4.23 466.00 316.10 13 327.75
O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Oberoi 592.40 571.35 594.00 619.00 560.70 1412.73 641.70 351.75 46 570.60OdishaCement 993.40 989.15 994.00 997.00 978.00 7.63 1219.90 860.00 - - Oil Country 7.55 7.65 7.55 7.90 7.15 18.02 23.50 5.19 - 7.75Oil India 177.35 174.95 178.00 179.15 174.20 1532.97 227.00 165.45 6 174.90OlectrGrnTec 200.70 201.20 201.35 206.55 200.00 21.57 279.80 137.55 - - OM Metal [1] 19.65 19.15 20.40 20.40 18.95 16.55 42.20 19.00 12 19.00Omax Auto 49.60 48.45 49.65 50.50 47.90 2.10 171.00 46.00 - 48.70Omaxe 199.55 199.35 201.00 201.00 199.25 239.40 228.90 199.00 157 199.45OMDC [1] 708.50 701.05 710.00 718.05 690.00 2.70 1141.00 625.20 - 699.75Omkar Spl 7.60 7.40 7.50 7.85 7.25 28.90 29.90 6.55 - 7.33OnePntOneSol 28.30 26.90 25.00 32.00 25.00 0.22 45.00 25.00 - - OnMobile 32.20 31.45 32.35 32.70 31.30 24.14 49.50 27.25 10 31.30Onward Te 68.30 67.55 67.95 68.45 67.50 1.60 80.85 45.55 12 68.50OptimusInfra 61.65 61.25 63.65 63.65 58.60 151.26 297.90 47.00 - 61.50Opto Cir 4.70 4.55 4.70 4.80 4.55 168.09 14.50 4.21 4 4.58Oracle Fin [5] 3243.50 3144.45 3230.00 3263.25 3125.00 45.03 4655.00 3022.00 21 3145.55Orbit Exp 113.45 111.35 115.90 115.90 110.00 5.11 163.00 85.10 14 109.90Oricon Enter [2] 19.10 18.75 19.00 19.60 18.60 14.48 43.45 18.15 9 19.05Orient Bell 132.85 132.25 132.05 136.15 132.00 3.48 274.60 121.05 22 133.10Orient Cem [1] 103.30 104.60 104.00 106.70 103.25 150.45 133.80 61.90 45 104.50Orient Grn 5.10 5.00 5.00 5.25 4.95 90.59 9.98 2.70 - 5.01Orient Htls [1] 38.10 37.95 38.05 38.80 37.55 13.16 50.50 33.65 - 38.00Orient Pap [1] 28.10 27.90 28.00 28.20 27.80 133.87 52.70 25.45 7 27.85Orient Pres 125.75 126.50 125.70 126.60 125.70 0.09 449.55 121.00 - - Orient Ref [1] 207.05 202.20 202.00 207.10 202.00 11.21 280.10 170.75 27 202.20Orient Tri 13.35 12.15 14.45 15.35 11.65 378.18 16.95 9.00 - 12.21Orient.Bk 89.30 88.90 90.30 90.95 88.15 1523.91 119.00 58.10 - 88.95OrientAbr [1] 19.25 18.05 18.60 19.40 17.80 19.24 40.00 16.90 13 17.85OrientalCar 1159.10 1166.20 1160.00 1178.00 1160.00 1.54 1230.00 901.00 16 1168.15OrientElect 158.05 157.35 159.80 159.90 156.45 46.69 177.00 103.25 - - Ortel Commun 1.65 1.60 1.65 1.65 1.60 8.43 16.35 1.60 - - Oswal Chem 12.80 12.60 12.65 12.95 12.40 7.09 23.65 11.60 - - OswalAgroMil 6.65 6.60 7.10 7.10 6.30 22.14 12.20 5.87 - 6.57
P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P&GHealth 4055.45 4100.20 4062.00 4123.70 4034.00 20.32 5050.00 2100.00 - - P&S Bk 25.90 26.45 26.60 26.90 26.30 82.64 35.25 23.10 - 26.40Page Industries 19882.30 20169.45 19830.00 20309.90 19650.05 23.18 36335.9519011.00 5720197.85PaisaloDigit 383.05 387.95 385.95 389.00 380.40 27.52 469.00 291.00 28 387.90PalashSecu 40.20 38.10 38.10 38.50 37.10 0.60 55.40 34.55 - 40.00PalredTech 26.80 26.65 27.65 27.65 26.10 5.65 57.00 23.35 - 26.40Pan.Petro [2] 89.05 88.45 88.70 90.10 88.05 2.57 171.65 86.00 14 88.00Panac.Bio [1] 145.10 150.50 148.40 160.00 145.10 95.45 266.75 138.20 - 150.35Paper Pro [2] 255.30 256.05 252.85 258.50 252.85 9.55 298.10 155.00 33 256.15ParagMilk 255.75 260.50 254.50 261.20 254.15 165.54 344.45 197.00 19 260.25Param.Comn [2] 11.00 10.90 11.05 11.10 10.80 27.92 17.05 8.76 6 10.98Parsvnath [5] 3.50 3.90 3.50 4.15 3.50 330.30 14.09 2.70 - 3.96Patel Eng [1] 18.40 17.75 18.60 18.60 17.50 60.11 56.25 17.30 3 17.75Patel Int 36.55 35.90 36.00 37.40 35.20 14.58 61.00 33.90 9 35.70Patspin Ind 7.85 7.75 7.90 8.00 7.70 3.70 16.00 7.57 - 7.90PC Jewl 39.10 38.85 39.30 39.95 38.00 9572.74 167.60 38.00 - 38.85PDS Multinat 326.00 323.30 324.00 326.90 322.70 1.28 336.00 230.00 - 324.00Pearl Glo 165.80 163.00 163.00 166.00 163.00 1.29 198.00 117.00 19 162.50Peninsula [2] 5.75 5.75 5.70 5.90 5.70 55.56 17.55 5.00 - 5.74Pennar Ind [5] 32.30 32.65 32.20 33.30 32.20 51.19 54.50 29.80 6 32.55Persistnt 615.40 616.20 619.25 619.90 611.35 25.51 915.00 532.80 16 615.75Petronet 241.95 244.20 241.50 247.40 241.00 4473.71 254.65 203.40 17 244.20PFC 128.35 124.95 127.05 129.70 124.45 5361.72 138.80 67.60 5 124.85Pfizer 3283.55 3208.30 3280.00 3300.25 3170.00 14.20 3840.00 2490.00 34 3207.25PG Elec 49.45 49.75 51.60 51.60 48.60 25.66 220.00 43.20 9 49.40PGHH 10962.80 10921.90 10972.75 10989.85 10780.90 2.75 11190.00 8714.00 8810906.95Phil.Carbon [2] 108.70 109.50 109.35 112.50 108.40 366.39 287.00 107.50 5 109.35
20 Micron [5] 36.55 35.95 37.35 37.90 34.20 55.44 52.10 31.80 6 35.9021stCentu Mgmt 17.60 17.25 17.25 17.25 17.25 0.04 41.75 16.15 3 16.153i Info 3.25 3.25 3.25 3.45 3.25 1445.96 4.70 2.67 2 3.263m India 21848.55 21985.30 22106.40 22113.90 21851.55 0.70 26679.2519150.10 7722004.503PLandHold 8.30 8.25 8.30 8.30 7.90 0.61 15.50 7.90 - - 5PaisaCap 222.20 219.35 228.90 228.90 216.60 3.06 270.95 104.11 - 218.0063MoonsTec [2] 97.10 101.85 99.00 101.95 95.00 100.18 185.00 61.00 - 101.858K Miles [5] 85.35 86.75 85.20 89.60 83.35 274.10 392.35 55.00 26 86.95
A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .A2Z InfraEng 10.95 10.45 11.20 11.20 10.25 162.51 25.35 8.19 - 10.47Aarti Drug 524.75 516.90 524.75 527.90 515.00 9.60 705.00 500.00 14 517.95Aarvee Den 18.85 18.90 19.90 19.90 17.30 1.70 38.50 17.70 - 19.20AavasFinance 1496.65 1499.65 1496.00 1521.80 1483.55 48.06 1560.70 611.50 67 1498.95AB Money [1] 45.10 43.75 45.10 45.15 43.50 29.54 74.80 38.20 25 43.90Aban Off [2] 37.40 37.20 37.55 39.25 36.80 130.79 122.10 32.15 - 37.25ABB India [2] 1531.60 1514.20 1524.00 1549.20 1486.55 62.00 1669.00 1130.00 61 1514.00Abbott 8735.40 8883.80 8745.00 8919.90 8700.00 1.86 8998.95 6900.00 42 8887.00ABCapital 89.90 89.50 90.00 91.15 89.00 682.80 152.35 77.55 - 89.50ACC 1554.30 1536.05 1553.90 1568.40 1529.70 591.60 1768.40 1255.00 18 1538.15AccelyaKal 857.55 861.60 856.60 865.00 850.35 1.79 1159.00 855.00 13 855.55Action Con [2] 87.05 88.25 86.50 90.00 86.50 85.65 159.75 71.40 18 88.15Adani Ent [1] 141.15 139.35 142.00 142.50 137.25 5548.65 180.70 79.68 30 139.40Adani Pwr 67.15 62.95 67.95 68.25 62.4537061.16 68.75 16.60 - 62.95Adani Trans. 221.80 224.65 223.00 227.00 222.90 73.83 256.30 141.35 - 224.25AdaniGas [1] 164.40 163.25 165.15 166.70 163.10 383.52 184.25 70.20 70 163.30AdaniGreenEn 49.60 49.10 50.20 53.00 48.10 3006.52 77.60 28.20 - 49.10ADF Foods 283.05 282.05 283.50 288.50 276.30 15.07 305.00 193.00 18 281.45Adhunik Met 1.35 1.30 1.35 1.40 1.30 48.04 4.70 1.26 - 1.35AdityaBirFas 203.30 199.20 204.00 204.10 198.10 334.18 236.45 132.15 48 199.05Adlabs Enter 5.05 4.85 5.00 5.05 4.80 64.60 39.50 3.58 - 4.82Ador Weld 337.25 331.20 334.00 336.05 329.00 0.71 424.95 267.00 19 330.55AdroitInfote 10.10 10.30 9.60 10.60 9.60 2.74 37.90 9.60 - - AdunikInd 83.25 83.10 83.50 85.00 82.80 2.37 89.90 37.20 - 82.75AdvancedEnz[2] 163.55 158.95 164.55 164.55 156.45 63.64 233.45 145.40 50 159.00Advani Hot [2] 57.35 57.75 57.50 58.65 57.45 2.16 78.35 42.00 24 57.40Aegis Log [1] 214.05 214.15 216.00 218.25 213.10 104.64 251.95 170.30 82 214.15Agarwal Inds 123.25 119.40 120.60 123.20 117.40 4.98 364.00 97.25 9 118.60AGC Net 104.00 105.05 104.55 109.60 97.50 4.56 126.70 46.00 - 103.35AgriTech Ind 54.15 52.95 54.30 54.95 52.05 13.13 111.55 46.10 - 52.80Agro Tech 499.25 495.25 496.50 500.50 495.00 5.34 698.00 451.00 37 497.00Ahluwalia [2] 330.75 328.05 327.55 332.00 327.00 1.10 385.00 243.60 19 327.25AIA Engg [2] 1775.30 1759.90 1775.30 1783.95 1742.05 10.06 2026.00 1459.50 40 1757.35AIRAN 22.30 22.50 20.65 23.00 20.65 4.80 49.60 20.65 - - Ajanta Phr [2] 916.20 910.50 918.75 922.10 907.00 117.57 1294.10 903.10 20 910.50Ajmera 160.00 157.95 158.25 162.45 157.20 16.74 234.00 131.35 8 157.40Aksh Opti [5] 11.60 11.25 11.90 11.90 11.00 168.78 34.20 9.70 7 11.29AksharChem 272.85 270.20 274.95 278.00 266.00 0.77 602.95 245.50 10 271.00Akzo 1748.00 1736.10 1741.00 1750.45 1734.95 0.59 1926.85 1471.00 41 1742.60Alankit [1] 28.85 28.60 28.90 29.40 28.20 443.85 40.50 16.95 - 28.60AlbertDavid 383.95 380.45 382.75 385.65 375.65 2.11 854.75 353.00 8 380.75Alembic [2] 42.80 43.00 42.95 43.10 42.70 67.04 56.25 35.75 25 42.95Alembic Ph [2] 532.15 524.25 526.30 551.90 516.30 74.44 664.00 435.10 16 522.15Alicon [5] 549.45 534.65 550.00 550.00 533.00 0.43 749.90 510.00 14 537.05Alkali Met 39.65 38.60 40.35 40.40 38.10 3.20 83.00 35.25 23 38.95AlkemLabs [2] 1772.95 1776.10 1765.60 1795.00 1735.00 15.20 2265.00 1660.35 26 1783.75Alkyl Amine [5] 820.00 821.00 820.00 830.50 801.00 1.52 910.00 525.00 20 819.50Allahbd.Bk 48.35 47.60 48.80 49.35 46.80 3126.78 58.80 33.25 - 47.70Allcargo [2] 97.20 97.70 97.20 98.40 95.70 55.06 131.80 91.70 11 97.75Allied Dig [5] 13.65 13.45 13.55 13.85 13.25 13.19 19.39 9.25 12 13.45Allsec 304.55 301.00 307.10 315.00 296.55 4.60 326.95 151.10 29 300.15Alm.Global [6] 16.60 16.55 16.95 16.95 16.25 1.19 42.35 15.95 - 18.90Alok Ind 3.25 3.15 3.25 3.30 3.10 4354.91 5.91 2.89 - 3.17Alpha Lab 18.00 17.75 18.40 18.40 17.65 11.31 35.80 17.40 14 17.85Alphageo 382.30 377.20 382.00 385.00 369.00 6.47 720.10 365.00 5 375.55Amararaja [1] 644.95 647.55 640.00 651.40 638.15 569.96 907.75 572.60 23 647.45AmberEntp(I) 821.70 828.65 830.25 835.00 826.10 12.52 1121.00 621.05 28 826.75Ambika Cot 1046.80 1049.20 1046.15 1052.95 1034.15 2.89 1350.00 1020.25 10 1045.00AmbujaCeme[2] 211.10 208.85 211.80 211.95 207.90 1424.63 245.25 188.50 23 208.80AMD Ind 17.80 17.10 17.20 17.80 16.55 4.24 28.75 17.00 - 17.40AMJLandHold[2] 17.20 17.15 17.15 17.50 17.00 1.18 29.00 14.10 13 16.95Amrutanjan [1] 291.90 295.65 292.65 297.50 292.00 8.93 359.90 236.05 35 295.45Anant Raj [2] 29.70 30.05 29.70 30.30 29.70 152.34 53.70 26.10 19 30.10Andhar Sug 310.30 310.35 305.20 314.00 305.20 11.93 486.00 290.35 5 309.80Andhra Bk 23.00 22.70 23.05 23.30 22.60 522.11 36.75 22.25 - 22.65Andhra Cem 3.90 3.80 3.85 4.00 3.80 29.57 9.39 3.57 - 3.84Anik Ind 10.05 9.90 9.45 10.70 9.40 10.65 40.95 9.67 - 9.71AnjPortCemen 161.65 161.00 163.70 163.70 157.55 0.71 192.00 92.00 18 157.55Ansal Hsg 5.70 5.50 5.75 5.80 5.45 22.92 17.55 5.01 - 5.45Ansal Pro [5] 5.20 5.05 5.05 5.25 5.00 21.44 17.45 4.57 - 5.04Apar Ind 570.40 570.15 565.50 575.00 556.60 4.51 710.50 535.00 15 571.85Apcotex Ind [2] 217.45 213.10 215.00 217.00 209.00 6.62 267.50 171.60 24 212.60ApexFznFoods 252.20 253.45 255.00 273.65 252.05 48.50 531.80 237.50 13 253.25APL Apl 1597.95 1589.20 1571.05 1609.25 1570.10 34.98 1842.75 1009.05 30 1593.85Apollo Hsp [5] 1328.65 1318.15 1327.95 1337.55 1313.05 440.76 1411.90 911.10 61 1318.25ApolloMicSys 114.30 114.70 116.00 116.00 114.10 7.34 174.70 94.30 8 114.80ApolloSindo 884.00 879.25 890.00 890.00 857.05 5.00 1490.00 577.15 - - ApolloTyr [1] 186.35 187.00 187.05 188.50 185.60 996.85 299.80 174.20 14 187.05Aptech 140.50 137.60 140.50 141.35 136.50 100.96 264.30 120.60 105 137.35Archidply 30.35 30.05 30.10 30.95 29.70 3.54 71.60 29.50 15 30.00Archies [2] 20.20 19.95 20.10 20.30 19.50 9.57 40.00 19.05 - 19.90Arcotech Ltd [2] 2.90 2.80 3.00 3.00 2.80 21.54 19.93 2.49 - 2.85Aries Agro 61.05 59.15 62.75 62.80 59.00 10.79 137.00 52.00 5 58.95Arih.Found 22.25 22.85 22.25 23.40 21.55 0.98 44.70 20.40 13 - ArihantSuper 48.30 45.95 46.05 50.70 45.90 143.81 77.95 45.00 - 45.95ArmanFinServ 413.90 411.25 420.00 420.00 409.35 1.80 449.00 264.95 45 413.95AroGranite 43.90 43.20 43.90 44.20 42.40 10.03 64.00 42.05 7 43.15Arrow Text 11.85 12.00 12.25 12.25 11.60 0.73 33.00 11.05 - 12.01Arshiya [2] 15.20 15.90 14.90 16.70 14.65 156.63 63.80 14.65 - 15.15Arss Infra 36.40 36.00 35.50 37.80 35.50 3.95 63.00 17.80 - 36.95ArtemGlobSC 54.00 53.35 52.00 54.85 52.00 0.41 92.50 48.20 - - Arvind 63.20 59.40 63.15 63.85 57.9010006.04 154.38 56.55 6 59.40ArvindFash 676.30 668.05 694.00 694.00 660.05 140.63 1089.70 590.95 - - ArvindSmart 98.05 100.25 95.60 100.90 95.60 12.12 180.00 91.85 8 100.00Asahi India [1] 210.05 208.85 209.10 211.20 206.25 17.60 367.00 205.35 26 210.00Asahi Song 140.80 130.95 142.05 142.20 129.10 5.45 306.40 122.25 9 131.35Ashapura [2] 18.25 18.00 18.70 18.70 17.70 14.54 56.00 16.35 - 18.00Ashiana [2] 115.80 116.25 115.80 116.95 115.20 68.77 153.70 104.00 70 116.00Ashima 9.40 9.65 9.05 9.90 9.05 29.45 27.70 8.50 - 9.79Ashok Ley [1] 83.80 84.80 84.00 85.65 83.5514004.11 137.00 77.50 12 84.80Ashoka Bld [5] 134.80 133.20 134.90 136.50 132.50 72.84 186.20 93.15 11 133.40Asian Gran 220.85 215.00 222.95 224.15 214.10 160.89 327.00 130.00 88 214.80Asian Htl-E 188.30 187.95 185.15 194.85 184.10 0.30 296.35 155.20 12 191.65Asian Htl-N 125.90 125.20 121.05 127.05 121.05 0.33 250.90 114.50 - - Asian Htl-W 332.10 326.45 330.00 330.00 324.00 0.03 400.00 255.00 14 327.50Aspinwall&Co 143.55 143.00 136.20 145.00 136.20 0.41 269.85 133.60 - - Aster Life 429.05 419.90 429.95 432.80 416.00 3.83 716.50 420.40 23 420.55AsterDMHealt 115.40 117.15 115.55 118.50 115.40 339.02 188.00 115.10 - 117.20Astra Mic [2] 82.40 81.55 82.40 83.00 80.65 51.69 107.45 71.00 56 81.85Astral Poly [1] 1292.35 1319.65 1294.95 1334.20 1288.40 24.26 1379.00 814.60 111 1320.25AstraZen [2] 1999.85 2013.10 1989.20 2052.50 1985.05 7.24 2398.55 1306.80 92 2011.55AstronPaper 108.40 107.55 108.50 110.00 103.75 181.59 134.50 79.65 20 106.95Atlanta [2] 9.15 9.20 9.10 9.35 9.10 15.27 45.40 8.50 - 9.22Atul 3901.10 3785.80 3899.95 3929.35 3761.00 25.76 4160.00 2675.55 26 3792.30Atul Auto [5] 272.20 273.85 271.70 278.00 271.10 5.35 448.90 261.25 11 275.45Aurionpro 103.85 102.80 104.05 106.35 102.50 11.01 209.44 102.50 7 103.10AurobindPhr [1] 603.80 597.10 606.40 607.00 589.35 2424.00 838.00 566.00 23 597.40AUSmallFinBk 663.80 656.65 665.00 678.95 646.60 377.35 745.00 502.00 50 657.20Ausom 34.25 35.00 35.00 35.00 33.10 0.84 77.50 30.25 5 35.55Auto Axl 1020.80 998.75 1016.65 1019.20 995.00 4.53 1552.40 991.00 12 1000.00Auto Stamp 42.75 44.65 44.25 44.90 43.35 4.66 88.00 37.50 - 44.50Autoline 50.25 51.65 53.45 55.90 51.10 122.56 73.50 39.95 - 51.85AvadSug&Egy 303.30 289.50 303.10 308.95 287.50 37.16 381.20 132.50 5 290.05Avanti Feeds [1] 338.30 341.30 338.40 351.00 338.30 227.66 547.00 306.50 21 341.50AvenuSupmart 1374.95 1350.80 1370.00 1384.95 1345.00 239.04 1696.15 1126.95 90 1350.25AVT Natl [1] 24.20 23.00 23.40 24.50 22.65 48.13 41.00 20.80 16 23.00AxisCades [5] 62.40 58.40 63.90 63.95 54.65 521.14 127.90 44.00 - 58.45AYM Syntex 34.10 35.45 34.10 36.35 34.10 4.73 50.00 28.55 28 36.50
B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BAG Films [2] 3.35 3.30 3.35 3.40 3.20 43.38 8.40 2.95 - 3.22Bajaj Elect [2] 481.65 457.75 482.95 486.80 453.50 139.78 658.70 379.00 28 457.45Bajaj Hind [1] 7.25 7.20 7.25 7.35 7.15 640.39 12.09 5.65 - 7.19Bajaj Hld 3618.85 3580.90 3617.70 3630.00 3558.10 19.69 3799.00 2203.65 51 3579.55BajajConCare[1] 319.85 318.10 318.05 321.10 315.15 23.18 474.45 308.00 20 318.30Bal Phr 52.05 50.90 51.40 54.50 50.60 6.70 109.00 51.00 11 51.80Balaji Amn [2] 349.85 348.65 350.00 354.00 347.15 7.02 601.45 347.00 10 348.40Balaji Tele [2] 53.05 53.25 53.20 54.00 52.05 20.40 120.50 51.50 27 53.35Balkrishna [2] 726.60 720.70 729.00 736.55 708.05 490.08 1467.40 708.45 19 720.90BalkrishPap 28.50 26.30 28.05 28.15 26.00 9.71 83.70 27.05 - 27.05Ballarpur [2] 1.65 1.60 1.70 1.70 1.55 398.85 10.90 1.54 - 1.60BalmerLaw 180.05 180.05 180.90 182.70 179.55 34.44 231.00 160.00 11 180.20Balrampur [1] 149.50 154.20 148.25 155.50 148.25 1003.83 167.00 59.70 6 154.10Ban.Amn.Spg 143.35 136.90 136.05 145.00 136.05 2.13 249.00 136.65 11 138.00Ban.Amn.Sug 1416.85 1414.80 1429.95 1429.95 1405.00 0.04 1946.00 1236.05 23 1430.70Banar.Beads 44.00 44.00 44.00 44.30 44.00 1.99 74.90 37.65 25 - Banco Ind [2] 118.65 117.15 117.80 118.80 117.00 6.51 238.00 115.80 7 117.30BandhanBank 524.20 534.55 524.30 537.95 524.00 237.79 741.00 369.15 33 534.45Bang Over 35.65 34.70 35.25 36.50 34.40 2.76 63.40 29.70 - 34.65Bans.Syn 66.55 66.50 65.55 66.90 65.00 2.49 99.30 56.00 4 - Bartronics 3.50 3.45 3.40 3.65 3.40 4.21 10.35 3.22 - 3.50BASF 1239.65 1191.05 1232.35 1242.70 1185.05 6.20 2125.00 1180.05 - 1193.50Bata India [5] 1389.90 1367.55 1381.50 1390.00 1361.55 415.40 1478.40 813.05 53 1367.50Bayer Crop 3376.45 3346.30 3335.00 3364.00 3300.55 26.05 4580.00 3206.60 48 3343.95Beardsell [2] 14.40 13.85 14.50 15.60 12.75 1.30 44.95 10.85 - 13.65Bedmutha 15.60 16.85 16.00 18.25 15.80 129.13 27.30 13.90 - 17.04BEL [1] 107.35 103.85 107.45 107.45 103.30 8200.84 124.20 72.55 13 103.90BEML 877.35 854.15 870.00 876.60 848.10 546.70 1034.35 521.00 56 853.00Berg.Paint [1] 306.75 306.80 306.75 310.60 305.65 520.78 349.00 260.55 65 306.65BF Inv [5] 264.20 270.25 262.10 274.40 260.50 158.34 367.40 168.00 24 270.10BF Util [5] 202.65 205.40 200.10 207.90 199.60 876.43 354.80 147.75 28 205.20BGR Engy 50.45 48.75 50.15 50.45 48.10 59.22 96.80 42.30 12 48.80Bhageria Ind [5] 253.75 255.05 258.00 259.60 250.00 12.46 345.15 211.00 8 254.35BhagngrInd [2] 24.10 24.00 24.15 24.30 24.00 7.34 53.90 24.00 12 24.00BhagyangrPr [2] 23.60 23.70 23.10 24.00 23.10 7.93 32.40 18.60 12 23.10BhandariHos[1] 1.70 1.65 1.65 1.70 1.60 44.35 2.99 1.58 - 1.70Bhans.Eng [1] 63.05 63.55 63.90 64.20 63.00 262.09 163.50 56.85 23 63.45Bharat Bij 1012.20 996.50 1010.75 1017.90 991.00 2.01 1587.00 953.00 14 998.60Bharat For [2] 454.10 443.20 450.90 455.40 439.40 685.07 692.50 430.55 19 443.20Bharat Gea 92.55 92.00 92.00 93.85 91.15 6.45 209.26 85.70 7 93.25Bharat Ras 4138.15 4141.15 4054.05 4225.00 4051.00 2.04 8395.00 3352.10 16 4152.80Bharat Wire 33.25 33.00 33.95 34.00 32.80 6.59 104.50 30.70 - - BharatDynamc 304.00 299.40 305.50 306.35 297.00 25.37 388.95 224.00 13 299.25BharatRdNwk 83.40 82.65 82.55 85.00 82.00 13.00 178.75 72.70 49 82.25BHEL [2] 67.20 66.75 67.95 68.20 66.20 7966.26 83.25 56.25 19 66.75BigBlocConst 28.80 28.45 29.00 29.00 27.40 0.18 105.85 24.50 27 - BIL Ener [1] 2.95 3.05 3.05 3.05 3.05 71.07 6.57 0.46 - 3.17Biocon [5] 244.95 246.60 245.65 247.95 244.50 1261.19 359.18 230.00 89 246.60BirlaCable 83.25 91.10 82.70 97.45 82.65 391.79 230.00 77.35 6 91.20BirlaCorp 617.20 612.10 612.80 623.00 600.00 116.60 818.75 440.00 34 611.60BIRLASOFT 81.55 76.95 81.85 82.80 74.00 2331.59 314.50 74.00 - - Bk of Ind 85.60 85.30 86.75 86.90 84.15 9679.98 110.05 73.30 - 85.20Bk of Mah 16.00 16.00 16.10 16.60 15.85 828.57 20.00 10.73 - 16.00Bk ofBar [2] 125.90 124.25 126.75 127.25 123.7015786.41 157.45 90.70 114 124.20BKMInd [1] 2.75 2.70 2.70 2.85 2.70 3.84 23.20 2.66 - 2.76BL Kash [1] 11.20 11.45 11.40 11.70 10.80 190.38 40.30 7.25 - 11.33Bliss GVS [1] 159.50 158.60 160.05 160.25 158.40 301.80 204.00 125.00 22 158.95BLSIntlServ [1] 70.10 70.35 70.10 71.15 68.30 134.39 191.00 64.85 54 70.20Blue Dart 2602.45 2606.85 2619.00 2621.35 2600.00 0.92 3912.00 2600.00 70 2603.20BlueCoast 3.80 3.95 3.95 3.95 3.80 2.76 85.75 3.20 - - BlueStar [2] 733.80 732.95 737.00 751.95 730.10 15.97 825.00 507.30 48 731.85Bodal Chem [2] 95.40 94.15 95.60 99.85 93.70 36.31 139.25 89.70 8 94.30Bomay Bur [2] 898.35 905.30 900.10 916.00 900.00 37.73 2113.85 892.35 - 905.55Bombay Dye [2] 102.00 101.50 102.45 103.90 100.75 562.97 284.00 82.35 2 101.45Bombay Ray 6.35 6.30 6.25 6.50 6.10 10.69 22.75 5.78 - 6.47BorsilGlsWrk [1] 168.25 162.75 167.00 169.90 161.25 28.35 397.90 161.65 32 162.55Bosch 15982.55 15915.45 15983.00 16049.95 15801.20 8.21 22400.0015807.60 2915913.80BPL 21.25 20.80 22.00 22.05 20.50 33.33 61.80 19.10 - 20.90Brigade 274.55 266.70 273.80 281.95 265.00 99.12 282.15 157.10 16 266.90BrightcomGr[2] 3.80 3.65 3.70 3.80 3.65 498.50 7.47 2.25 - 3.60Brooks Lab 41.15 40.90 41.00 41.95 40.60 6.28 87.90 38.10 - 40.80BSE 592.05 588.50 592.05 594.50 586.00 32.17 881.00 534.65 - - BSEL Infra 1.40 1.40 1.40 1.40 1.35 14.56 4.18 1.30 - 1.35BSL 29.25 28.90 29.15 29.50 27.80 9.66 72.00 22.50 - 28.85BtrflyGandhi 168.00 164.30 169.40 170.20 163.15 2.91 394.70 151.05 31 164.80
C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cadila HC [1] 230.75 228.30 230.90 232.95 227.25 811.88 432.40 223.20 15 228.40Calif.SW 16.25 17.00 16.80 17.05 16.40 49.33 62.70 12.60 - 17.01Cambridge 32.25 30.10 32.00 33.90 29.25 5.00 63.00 30.05 - 30.45Camlin Fine [1] 60.15 59.75 60.05 61.50 59.00 223.66 93.90 36.70 - 59.75Canara Bk 275.25 275.30 277.00 279.35 272.35 5873.86 302.10 205.15 60 275.30CanFinHom [2] 366.00 365.80 366.45 369.90 362.10 361.64 380.00 217.00 16 365.40Cantabil 230.85 231.20 229.00 233.05 229.00 2.41 349.80 107.05 30 231.05CapaciteInfr 271.45 271.20 268.70 272.25 268.70 61.89 295.00 171.10 19 271.10CapitalTrust 125.70 114.45 133.20 133.20 113.00 2.34 451.90 108.10 5 113.50Caplin Point [2] 416.60 415.05 421.85 423.30 414.00 6.71 535.00 304.75 21 415.55CapriGlo [2] 156.80 155.70 155.05 157.65 153.05 405.36 198.95 72.60 21 154.20CARE 892.55 887.70 897.05 900.05 878.05 11.30 1399.00 880.00 19 889.30CarrerPnt 63.80 62.30 64.35 64.35 62.25 9.94 109.90 53.20 11 62.90CastrolIndia [5] 126.15 125.65 126.15 127.40 125.20 708.11 177.15 124.15 18 125.70CCL Prd [2] 238.45 241.05 238.50 241.95 237.95 10.40 306.40 225.05 26 240.30Ceat 903.70 901.05 900.00 910.20 895.00 130.49 1455.00 872.05 11 901.55CEEBCO 16.50 16.25 16.85 16.90 16.20 9.03 30.05 11.07 - 16.45Celebrity 6.25 6.25 6.30 6.45 6.10 4.26 14.50 5.80 - 6.29Celes.Bio 4.30 5.15 5.00 5.15 4.95 66.43 21.50 3.07 - 5.28Cent Enka 212.55 210.40 212.20 215.00 207.10 26.12 305.00 208.00 6 211.45Cent.Bk 19.85 19.85 19.95 20.15 19.75 412.11 76.05 19.70 - 19.85Cent.Elec 512.10 526.20 500.00 534.60 500.00 1.50 575.00 320.55 27 525.90Cent.Ext [1] 3.60 3.60 3.65 3.70 3.55 41.46 9.60 3.49 - 3.58Cent.Ply [1] 159.85 151.85 160.00 160.45 150.30 183.29 263.90 150.10 21 152.15Cent.Txt 911.65 895.20 911.65 920.10 890.00 555.44 1066.55 707.00 15 895.95CentDepoSer 209.65 206.90 208.15 211.85 205.85 115.06 278.70 204.50 - - CentrumCap [1] 26.10 26.00 25.05 26.40 25.05 78.59 60.10 24.55 - 25.85Cera San [5] 2901.25 2900.60 2900.00 2956.95 2880.00 2.42 3187.00 2151.00 33 2905.50
Cereb.Int 24.65 24.45 23.90 25.25 23.90 658.25 71.00 20.20 - 24.40CESC 785.40 774.50 789.85 794.00 770.00 673.64 812.30 624.71 11 774.90CESCVentures 451.55 441.85 448.30 450.00 435.05 2.04 659.00 382.10 - - CGPowr&InS [2] 23.30 22.40 23.05 23.35 22.20 2104.62 65.20 21.40 9 22.40ChaletHotels 300.15 294.10 301.00 302.60 292.90 509.47 358.80 250.00 - - Chamb.Frt 165.80 158.60 165.20 168.95 157.25 234.91 196.25 128.25 10 158.75ChemfabAlkal 169.45 169.30 176.95 176.95 169.00 1.76 208.70 122.60 8 169.90CholaFin [2] 283.10 279.85 283.25 286.80 277.35 292.66 323.60 207.75 18 279.70CholamandFin 481.05 496.80 480.00 502.90 480.00 30.21 666.90 415.15 - - Chromatic 0.60 0.60 0.60 0.60 0.60 0.25 1.70 0.55 - 0.55Cigniti Tech 301.05 301.10 304.20 304.20 296.00 2.99 498.90 265.00 14 301.35CIL Nova 10.80 10.85 11.00 11.20 10.60 8.13 36.70 10.55 - 12.00Cimmco 24.95 24.55 24.95 25.40 24.50 10.34 74.75 23.25 2 24.80Cineline Ind [5] 35.25 35.70 36.80 37.45 35.10 3.44 61.50 35.00 10 35.40Cinevistaas [2] 5.00 4.95 5.00 5.25 4.95 2.46 9.30 4.60 - - CitiUn Bk [1] 199.60 199.05 200.00 203.30 198.10 549.27 220.25 157.00 21 198.95Clari.Chm 299.45 300.70 297.25 302.95 297.25 5.69 538.80 292.25 37 300.80CLEducateLtd 95.00 96.20 96.05 99.00 93.65 2.04 187.00 93.00 14 95.65CMI 108.20 107.80 108.35 109.50 106.35 6.38 233.00 102.00 4 107.50CochinShip 370.15 372.05 373.70 374.75 370.00 30.25 462.00 333.00 10 372.90CoffeeDayEnt 221.60 217.80 220.15 221.00 217.00 26.95 325.00 210.30 - 218.25Colgate [1] 1164.45 1150.55 1164.45 1165.40 1149.20 431.47 1365.20 1020.10 41 1150.90CompuageInf[2] 12.70 12.70 12.95 13.00 12.60 39.58 41.00 12.30 4 12.73Compucom [2] 8.60 8.25 8.60 8.60 8.15 6.55 12.99 7.26 - 8.41Con.FinHld 40.80 41.35 38.80 41.35 38.80 0.52 78.40 26.55 - - Concor [5] 549.00 555.35 551.00 559.75 550.70 599.50 582.80 433.16 28 555.25ConfdnPetInd 34.45 35.15 35.00 35.45 34.35 89.81 41.40 32.55 - - ControlPrint 231.15 230.60 231.20 234.85 228.00 1.16 429.20 224.45 14 229.35CoralIndFin [2] 14.55 14.85 14.50 15.15 14.20 8.60 24.70 13.10 9 15.00Cords Cab 54.25 52.50 53.50 53.90 52.15 6.92 88.40 52.30 9 52.90Corom.Intl [1] 401.90 392.55 400.00 404.90 389.00 144.31 519.90 340.00 16 393.60Corp Bk [2] 27.95 27.65 28.40 28.50 27.60 331.24 32.15 21.00 - 27.65Cosmo Film 214.55 213.25 213.30 216.00 212.75 10.61 285.80 161.00 7 213.15Cox&King [5] 25.80 24.55 24.55 24.55 24.55 31.76 211.90 24.40 3 24.40Cox&KingsFin 3.95 3.80 3.80 3.80 3.80 9.95 37.85 3.80 - - CPCL 189.00 182.20 189.80 189.80 180.10 331.44 344.80 180.25 - 182.80CrdtacsGramn 496.90 495.25 495.00 500.45 487.35 80.75 591.00 245.75 22 495.10Crest Ventu 106.30 109.20 108.55 111.00 107.00 1.66 219.45 100.50 39 111.50Crisil [1] 1432.70 1444.85 1432.70 1460.00 1432.25 3.41 1889.90 1259.00 39 1444.05CromGreCon [2] 227.80 225.85 226.25 231.75 225.00 603.74 272.25 190.20 35 226.25CubexTub 11.55 11.75 12.65 12.65 11.60 2.75 23.50 10.40 - 12.27CUMI [1] 347.00 346.05 344.60 348.70 344.45 14.85 415.25 320.20 40 345.85CumminsInd [2] 747.05 741.90 745.10 750.90 740.20 235.56 885.00 611.75 28 741.20Cupid Ltd 112.25 113.05 115.10 117.50 110.70 16.23 211.67 106.05 10 113.60Cybertech 53.40 53.80 52.50 55.75 52.50 35.62 63.60 32.80 27 53.95CYIENT Ltd [5] 537.30 538.75 539.90 545.00 534.65 59.55 821.00 520.30 13 537.95
D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Dabur [1] 406.25 409.75 404.00 410.90 404.00 1681.84 490.70 357.10 57 409.65Dalm.B.Sug [2] 100.80 98.50 101.50 101.50 98.05 86.02 136.00 46.00 4 98.65DamodarInd [5] 32.55 32.55 33.40 33.40 31.10 3.26 58.00 31.10 9 33.00Datamatics [5] 91.85 90.35 91.15 92.70 90.10 24.44 154.40 82.00 18 90.50DB Corp 187.95 190.55 187.95 191.80 187.95 139.45 287.00 152.85 12 190.20DB Realty 11.45 10.95 11.25 11.50 10.80 165.05 40.60 10.61 - 11.10DCB Bk 228.90 231.80 228.50 234.80 227.00 585.70 244.60 139.50 22 231.80DCM 28.85 27.80 30.15 30.15 27.25 9.59 54.56 27.30 26 27.65DCMShriram [2] 565.70 545.80 569.95 574.70 542.55 109.93 637.00 285.05 10 545.40DCW [2] 16.60 16.55 16.55 17.25 16.45 294.27 29.15 13.15 - 16.50De Nora 224.30 225.05 229.45 229.45 222.05 0.81 362.60 217.10 75 221.70Deccan Cem [5] 388.60 385.20 381.60 389.95 381.60 2.80 514.00 326.20 12 385.10Deep Ind 135.40 130.55 134.10 137.85 129.00 14.60 176.00 84.00 7 130.70Deepk.Fer 106.35 104.65 106.35 109.00 104.25 130.28 290.05 104.50 - 104.80Deepk.Ntr [2] 299.20 300.05 297.00 303.00 296.70 149.57 337.55 204.60 29 300.25Delta Corp [1] 165.95 166.55 167.00 168.85 164.00 473.37 282.10 155.50 23 166.35Delta Mag 46.50 44.30 47.70 47.70 44.25 1.05 140.00 44.65 - 46.00Den Net 55.55 56.10 54.30 58.50 54.30 37.29 80.30 45.10 - 56.00Dewn HsgFin 71.00 70.10 71.25 74.05 69.0522328.17 690.00 60.00 2 70.05DFMFoods [2] 228.60 226.05 234.95 235.05 222.40 12.30 299.00 176.55 34 229.05Dhamp.Sug 190.10 186.90 190.55 191.50 186.30 233.99 252.20 72.00 5 187.05Dhanlk.Bk 17.05 17.90 17.25 18.05 17.05 627.19 21.25 10.80 - 17.95Dhanuka Ag [2] 409.65 405.90 408.20 415.00 404.35 5.11 617.00 355.00 17 406.90Dhar.Sugar 8.40 8.40 8.35 8.65 8.35 1.64 18.80 7.77 - 8.30Dhun.Inv 217.00 209.55 212.00 219.05 208.00 0.41 414.00 205.15 11 - Dhunseri Tea 187.65 183.50 187.65 188.70 180.10 1.66 315.00 181.00 95 189.45DhunseriVent 86.80 86.40 85.60 87.70 85.35 4.96 128.55 77.70 - - DIC India 316.05 318.35 316.10 320.50 315.00 0.54 480.00 308.00 - 320.00DIGICONTENT 12.20 11.85 11.50 11.90 11.50 12.48 14.00 10.60 - - Digjam Ltd 1.65 1.60 1.60 1.60 1.60 18.12 7.95 1.48 - 1.48DilipBuildco 428.55 419.55 428.40 435.10 416.10 228.71 915.75 311.55 8 419.25Dish TV [1] 27.90 26.15 28.05 28.40 25.6037696.60 74.30 19.25 12 26.05DishmanCar [2] 214.90 210.30 217.50 219.85 210.00 79.51 314.65 180.35 61 211.00Divis Lab [2] 1605.10 1623.45 1609.00 1633.75 1597.55 685.81 1769.00 1040.85 32 1623.10DixonTec(In) 2228.15 2261.25 2244.50 2272.35 2230.00 1.80 3075.25 1894.00 46 2251.15DLF Ltd [2] 183.65 177.70 184.05 184.05 175.25 9142.85 223.40 141.20 63 177.70D-Link [2] 96.25 95.20 96.00 98.30 94.70 27.07 107.65 62.15 13 95.40DollarInd [2] 241.55 236.20 244.90 244.90 236.00 0.88 364.00 225.15 18 - Dolp.Off 28.90 28.80 28.90 29.45 28.35 35.98 76.70 26.50 - 29.00Donear [2] 30.15 29.70 30.30 30.30 29.30 14.53 48.90 28.55 11 29.65DPSC 10.05 9.80 10.20 10.20 9.70 1.90 21.45 8.60 - - DQ Ent 4.10 3.90 3.90 3.90 3.90 1.58 10.20 3.50 - - Dred.Corp 394.85 383.65 391.10 398.00 381.75 85.28 547.90 286.60 24 383.85DrLalPathLab 1104.15 1096.75 1113.00 1117.95 1083.60 28.76 1180.05 817.00 47 1093.95DuconInfrTec[1] 7.20 7.50 7.25 7.80 7.25 138.10 22.65 7.09 - 7.50Dwarikesh [1] 24.90 24.65 24.80 25.20 24.30 197.75 34.35 14.05 5 24.65Dynac.Sys 29.45 28.50 29.00 30.30 28.20 0.33 44.70 25.70 6 - Dynamatic 1380.20 1351.20 1375.45 1396.70 1350.00 1.25 1872.00 1211.00 26 1349.00DynemicProd 110.15 111.60 108.20 113.00 108.20 3.09 177.45 96.05 7 110.75
E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Easun Rey [2] 4.20 4.40 4.40 4.40 4.40 2.51 11.67 3.86 - 4.50Eclerx 678.35 673.05 678.35 682.00 672.00 7.11 1307.45 670.00 12 673.35EdelFinSer [1] 157.65 166.55 158.35 170.25 157.50 1660.60 329.70 116.15 151 166.70EID Parry [1] 169.15 165.20 169.15 171.60 164.30 60.84 248.00 163.00 24 165.30EIH [2] 176.80 174.90 176.80 177.35 172.50 49.41 214.95 137.60 63 175.10EIH A Htl 342.25 340.85 343.45 345.00 337.00 1.33 505.00 290.00 26 341.00Eimco 368.25 364.50 379.45 385.00 358.65 2.34 449.95 308.00 9 362.20E-Land Appar 6.50 6.45 6.50 6.75 6.40 3.13 9.60 3.60 - - Elec. Eng [2] 44.40 43.35 44.20 44.75 43.10 40.98 74.80 43.20 40 43.30Elec.Stl.Cs [1] 16.75 16.30 16.45 16.60 16.25 31.41 23.70 16.00 4 16.25Electrotherm 218.30 207.65 225.50 225.50 207.40 19.86 380.15 130.35 2 207.80Elgi Eqp [1] 258.35 257.75 257.15 259.65 256.00 7.89 315.00 218.50 48 258.45Elgi Rbr 19.55 19.30 18.55 20.50 18.55 2.79 38.00 17.55 - - Emami [1] 301.00 296.70 299.90 303.70 294.05 302.45 598.95 246.00 43 296.90EmamiPaperMill 83.50 82.00 83.00 83.00 80.55 3.68 172.95 80.10 - - EmamiRealty 58.65 57.60 57.30 59.60 56.25 31.16 207.00 45.10 - - Emkay Glo 71.50 70.15 71.15 72.95 70.00 9.40 150.80 65.10 21 70.00Emmbi Ind 151.40 143.35 153.05 153.05 140.80 24.72 175.00 98.05 14 144.05EnduranceTec 1000.10 1000.25 1010.00 1010.00 999.00 18.97 1579.00 991.60 38 999.60Energy Dev 5.95 5.95 6.10 6.15 5.85 23.01 16.50 5.50 - 6.00Eng.India [5] 109.70 110.60 109.70 111.20 108.10 1415.23 139.45 100.45 19 110.55Ent.Net.Ind 416.85 406.25 416.55 427.80 403.25 0.55 751.80 400.00 36 410.15Eon Elec [5] 22.05 22.00 22.70 22.70 21.55 15.21 62.70 21.60 - 21.70Equitas Hold 117.15 115.10 117.15 118.45 113.65 2349.64 163.20 78.00 - 115.10ErisLifeSci [1] 494.95 491.95 486.40 495.45 486.40 10.96 798.80 475.00 24 491.40Eros Intl 16.40 15.60 16.05 16.30 15.60 1952.95 136.75 14.75 2 15.70Esab Ind 1070.50 1077.05 1066.95 1081.95 1060.00 1.09 1340.00 600.05 29 1076.70Escorts 535.55 537.65 537.90 544.90 531.50 1904.90 943.60 513.65 14 537.25Essar Shp 8.15 8.30 8.00 8.55 7.75 10.20 16.80 7.25 - 8.37EsselPack [2] 130.45 130.00 130.65 130.65 129.65 104.17 138.00 85.00 64 130.10Ester [5] 29.55 28.95 29.20 29.95 28.55 19.83 64.00 26.75 8 28.80Eurotex 13.00 12.75 12.75 12.75 12.75 0.45 27.90 12.00 - - Ever.Kanto [2] 24.85 24.50 24.65 24.90 24.40 12.28 38.60 23.20 3 24.55Everady [5] 69.85 71.45 69.90 72.30 68.35 184.68 270.05 66.65 8 71.40Everest Ind 396.75 391.45 396.70 403.00 390.00 15.02 597.50 387.35 10 390.95Excel Crop [5] 2915.15 2925.95 2936.55 2980.00 2912.45 1.28 4800.00 2865.00 37 2930.40Excel Ind [5] 923.90 915.80 926.00 932.90 911.05 2.15 1906.95 895.00 8 916.85Excel Realty 1.70 1.75 1.75 1.75 1.75 65.89 7.66 0.89 - 1.90Exide [1] 199.80 199.25 200.00 202.70 198.20 871.58 304.65 194.65 22 199.35ExpleoSolu 382.80 381.05 382.30 384.00 381.00 2.14 545.00 372.00 - -
F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FACT 38.45 38.40 38.25 39.90 38.05 140.58 51.00 30.00 15 38.40FairchemSpec 531.95 534.35 537.80 545.00 531.00 3.50 573.55 320.00 97 540.00FCS Soft [1] 0.25 0.20 0.25 0.25 0.20 948.15 0.26 0.19 - 0.20FDC [1] 173.20 167.25 172.75 173.90 166.45 20.07 269.40 148.20 17 167.70Fed Bk [2] 106.75 105.30 106.70 107.85 104.90 8044.55 110.35 67.05 17 105.30Fed.Goetze 592.65 585.15 585.25 600.00 580.85 3.85 600.00 391.00 40 584.40Fiem Ind 452.85 448.55 452.85 460.00 447.00 11.96 810.00 407.60 11 449.50Filatex [2] 36.55 37.10 36.30 37.50 36.25 496.92 66.45 33.75 10 37.15Fin.Cable [2] 400.00 398.75 400.15 404.20 396.00 25.42 628.50 356.00 18 398.25FineOrgInd [5] 1397.20 1382.90 1400.00 1400.00 1375.50 2.49 1648.00 735.20 33 1385.55FineotexChe [2] 32.40 32.20 32.45 32.65 31.70 59.69 62.85 29.60 20 31.95Fino.Ind 505.90 499.65 505.60 509.50 498.95 23.05 712.90 440.00 17 500.00Firstsource 51.20 51.80 51.10 52.20 50.65 1344.18 77.30 39.25 18 51.80Flexituff 27.00 26.70 26.90 28.20 24.45 7.51 66.85 25.05 - 26.25Fortis Hlt 129.80 128.70 129.35 130.15 127.20 562.64 153.70 121.35 79 128.55Foseco 1249.35 1236.05 1254.85 1260.05 1232.50 0.75 1815.00 1240.00 24 1249.00Fut. Life [2] 471.80 471.15 471.80 473.10 468.00 7.08 502.00 358.50 56 471.65Fut. Mkt 37.00 38.85 38.85 38.85 37.50 33.76 116.10 31.40 23 37.85FutEntpDVR [2] 33.15 32.15 33.00 33.50 31.40 25.92 49.40 28.10 2 31.10Future Cons 40.35 39.80 40.40 40.50 39.60 496.65 56.70 35.00 - - FutureEntp [2] 35.05 34.00 35.05 35.20 33.75 143.91 51.00 29.00 - 34.05FutureRetail [2] 478.45 471.25 478.45 482.50 470.00 139.22 593.45 399.70 32 471.95FuturSuplyCh 606.45 594.50 606.45 620.00 586.00 5.39 700.00 550.10 37 595.10
G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Gabriel [1] 103.05 100.45 103.50 103.95 100.00 38.53 159.05 100.00 15 100.45GalaxSurfact 1243.60 1242.15 1245.75 1248.35 1228.30 2.27 1405.00 885.00 26 1240.85Gallant Isp [1] 37.55 31.75 36.65 36.65 31.10 247.55 50.65 26.11 7 32.20Gallant Mtl 39.00 37.20 38.05 39.25 36.40 12.09 66.00 36.40 4 37.15Gamm.Infra [2] 0.40 0.40 0.35 0.45 0.35 302.45 1.54 0.39 - 0.40Gandhi Tub [5] 393.75 376.10 382.00 391.40 375.00 4.59 424.85 328.00 14 376.20Ganesh Hsg 44.50 43.40 43.60 44.90 43.00 19.75 110.90 43.10 19 43.65Ganesha Ecos 288.80 281.60 284.85 296.90 276.60 12.31 374.75 232.60 10 280.70GangesSecu 41.90 41.30 41.50 42.00 41.20 6.88 66.90 40.20 - 42.80Gard.Silk 13.95 13.65 13.95 14.20 13.60 5.85 32.65 13.00 - 13.60GardenReach 118.90 116.95 118.70 119.50 116.30 75.58 137.00 77.00 12 117.00GarwarTecFib 1212.60 1203.50 1210.00 1220.00 1187.00 107.72 1358.60 966.70 21 1194.90Gatewaty 124.05 121.55 124.80 124.80 121.00 61.42 191.00 96.50 15 121.65Gati [2] 70.20 69.65 69.95 71.40 68.30 429.21 119.20 52.00 31 69.60Gayt. Proj [2] 150.85 149.30 151.00 151.95 148.60 8.97 211.00 144.95 13 149.00GaytriHigway[2] 0.75 0.75 0.70 0.75 0.70 8.54 6.94 0.67 - 0.80GE Ship 248.45 241.15 248.45 249.90 238.90 21.57 353.00 240.00 31 240.85GE T&DInd 232.20 232.50 234.00 234.30 229.00 12.60 332.70 218.80 - - Geecee 111.00 110.65 111.00 112.10 110.35 0.60 150.00 100.00 7 110.30Genesys [5] 100.90 99.45 104.35 104.35 98.30 9.64 226.00 72.00 25 100.35GenInsurCor [5] 224.35 231.10 224.40 234.70 222.15 137.87 383.98 204.30 18 230.55Genus P&B [1] 5.60 5.60 5.55 5.75 5.45 48.10 12.94 5.39 - 5.56Genus Pwr [1] 22.25 22.75 22.10 22.95 21.90 138.65 46.40 21.70 8 22.75GeojitFinSer 31.95 32.05 31.90 32.60 31.90 76.52 85.85 31.80 - - GEPowerIndia 870.05 846.45 862.15 866.45 840.20 6.72 933.00 666.00 50 844.95GHCL 225.35 222.10 225.40 226.90 220.05 36.73 278.90 189.50 6 222.15GIC Hsg 257.95 259.20 259.95 265.80 258.00 73.56 375.85 212.70 8 258.50Gillander 41.05 39.50 39.00 40.95 38.60 1.57 69.55 38.05 - 41.20Gillette 7117.10 6987.80 7148.50 7151.00 6955.35 4.20 7906.00 6200.00 94 6977.65Ginni Fil 9.85 9.50 9.80 9.80 9.25 31.90 24.75 8.73 - 9.50GKW 617.80 649.15 649.00 653.00 617.95 0.35 1318.00 545.50 - - Glaxo Cons 7653.35 7483.25 7655.15 7697.50 7436.05 17.36 7934.85 6169.00 32 7487.05Glaxo Phr 1167.05 1165.80 1170.00 1171.75 1150.05 26.19 1812.00 1159.90 47 1164.75Glb.Offsh 8.90 8.75 8.80 9.05 8.70 5.13 23.80 8.15 - 8.71Glb.Vect 56.20 58.20 58.00 58.70 55.95 6.72 127.00 47.00 15 58.00Glenmark [1] 449.20 445.90 451.00 451.00 441.00 1068.74 711.55 423.70 9 445.50Glob.Spr 123.80 123.60 122.65 127.00 122.65 19.31 215.00 107.75 12 123.80GM Brew 423.15 416.15 429.75 429.75 409.40 44.01 830.85 410.00 10 416.05GMDC [2] 71.05 70.95 71.10 71.90 70.70 62.78 123.00 69.00 5 71.25GMMPfauder [2] 1305.10 1263.60 1329.90 1329.90 1255.20 3.86 1483.00 790.05 46 1262.20GMR Inf [1] 15.30 15.05 15.40 15.40 15.00 6198.75 21.50 13.45 - 15.06GNA Axles 248.50 240.15 248.95 252.15 236.15 51.04 478.00 238.00 8 239.95GNFC 235.00 232.65 234.90 237.25 231.00 165.57 465.20 231.10 5 232.45Goa Carb 315.15 318.40 315.00 330.00 310.65 107.43 875.10 307.00 - 317.75GOCL Corp [2] 242.50 240.25 245.05 252.70 239.05 2.41 411.95 221.05 58 238.75God.Pow.Isp 208.10 210.50 208.10 213.70 206.50 21.39 587.00 174.75 4 210.35Godfrey [2] 791.25 772.45 797.60 797.60 761.00 37.06 1209.00 640.45 17 773.35Godrej Cons [1] 646.75 637.75 646.40 651.25 635.00 1278.28 979.34 627.55 37 637.50Godrej Ind [1] 484.15 485.45 485.00 492.90 482.45 649.10 656.90 434.10 107 485.40Godrej Pr [5] 899.30 908.70 901.75 921.00 900.00 470.06 1118.00 462.00 109 908.70GodrejAgrovt 497.60 493.40 501.50 503.25 490.30 23.25 660.00 461.50 46 493.40Gokaldas [5] 92.40 92.25 90.75 93.90 90.70 23.68 118.80 65.55 12 91.65Gold.Tobac 32.70 31.55 32.00 33.40 31.50 1.48 70.50 24.00 3 32.50Goldiam Int 111.55 113.70 110.25 115.80 108.90 120.00 137.90 50.60 13 113.60Golds.Tech 9.20 9.40 9.15 9.90 9.10 11.83 29.95 8.35 - 9.50GoodLuck St [2] 63.85 64.05 63.35 64.50 63.35 11.48 85.00 52.05 5 64.30GP Petrol [5] 48.80 46.85 48.95 49.95 46.00 31.65 96.80 45.20 15 46.40GPTInfraProj 44.30 48.05 47.90 48.70 43.10 151.84 163.95 39.75 17 49.70Granuels [1] 96.65 95.10 96.15 97.55 94.10 333.83 123.35 79.00 15 95.15Graphite [2] 304.35 306.10 306.00 312.80 305.00 915.11 1126.40 280.00 2 305.85Gravita [2] 55.55 56.35 55.50 58.80 52.70 75.88 158.35 52.70 20 56.45GreenlamInd [5] 776.30 784.95 814.00 814.00 759.15 1.68 1090.00 652.20 29 - GreenPly [1] 166.30 166.20 164.70 167.95 162.65 45.23 228.70 110.00 20 165.70Grindwel [5] 598.70 598.75 591.60 603.45 585.10 14.58 613.95 471.80 40 598.30GRP Ltd 996.35 993.00 990.00 1025.00 982.00 0.02 1307.55 840.00 21 - Gruh Fin [2] 280.50 277.35 281.95 283.15 276.00 299.93 350.00 204.60 46 277.25Grvs.Cot [2] 137.80 138.00 136.70 138.75 136.05 140.78 165.00 111.10 19 137.85GSFC [2] 87.50 86.85 87.50 88.50 86.50 453.22 124.75 85.60 7 86.95GSPL 184.95 187.60 183.10 188.30 182.35 79.63 206.40 149.15 13 187.10GSS Info 50.25 48.00 47.75 50.00 47.75 585.82 145.00 47.90 10 48.05GTL 2.70 2.75 2.70 2.80 2.60 64.02 8.59 2.50 - 2.75GTL Infra 0.75 0.75 0.75 0.75 0.70 305.87 1.59 0.70 - 0.72GTN Ind 7.25 7.10 7.55 7.55 6.95 0.71 24.45 7.15 - 7.60GTN Text 8.20 7.80 8.20 8.20 7.70 0.64 15.00 6.88 - 7.70GTPLHathway 56.35 53.55 58.00 65.80 53.05 150.56 107.50 53.15 13 54.00Gufic Bio [1] 71.75 70.45 72.35 72.60 70.10 9.10 139.90 65.40 25 70.60Guj.Alk 498.45 502.05 500.90 507.00 492.30 10.80 646.70 418.00 5 502.40Guj.Flu [1] 908.75 920.90 909.60 928.00 900.20 29.05 1140.95 722.40 8 923.70Guj.Ind.Pow 71.70 71.35 71.45 72.75 70.00 57.74 97.00 67.10 4 71.10
Guj.Pipav 82.95 82.60 82.55 84.60 81.70 167.68 126.00 75.90 19 82.70Guj.Sid.Cem 18.90 18.90 18.80 19.15 18.50 7.17 31.90 18.05 - 19.05Gujarat Gas [2] 164.30 166.60 164.30 167.70 161.30 193.89 195.00 116.00 27 166.95Gul.Amb.Ex [2] 141.10 136.15 141.40 141.40 131.10 220.37 264.45 131.15 8 136.35Gul.Apl 142.40 138.05 144.05 149.00 136.10 2.08 199.00 116.05 19 140.05Gulf Oil Lub [2] 858.95 844.60 841.80 847.00 837.00 8.99 933.10 618.00 24 845.80GulshanPoly [1] 42.90 41.70 42.10 44.35 40.65 10.41 71.50 41.50 9 41.95GVK Pow [1] 5.80 5.75 5.85 5.90 5.70 1293.34 12.50 5.05 - 5.78Gyscoal [1] 3.90 3.90 4.10 4.10 3.70 6.05 10.80 2.95 - 3.89
H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Harita Seat 387.10 403.25 388.00 408.05 387.25 10.44 772.65 377.00 14 403.75Harri.Mal 67.95 66.90 67.05 68.80 66.30 11.55 112.40 62.05 - 66.95Hathway [2] 21.65 21.70 21.50 22.35 21.50 46.58 32.45 15.15 13 21.95Hatsun Agro [1] 707.95 702.05 708.00 708.00 665.50 14.43 802.55 568.15 99 700.75HavellsIndia [1] 738.85 726.55 741.80 742.00 720.00 1930.82 806.90 545.40 57 726.00HBL Pwr [1] 22.75 22.75 22.55 23.25 22.55 123.08 38.90 21.30 - 22.85HBStockhold 7.00 7.00 7.00 7.00 7.00 0.04 21.00 6.00 - - HCC [1] 11.15 10.80 11.15 11.30 10.75 1105.68 16.60 8.42 4 10.83HCG 138.95 133.60 138.05 140.10 132.20 28.92 299.00 132.55 - 132.65HCL Info [2] 12.05 11.90 12.05 12.15 11.75 207.95 37.65 11.64 - 11.89HDFC AMC [5] 1946.10 1945.25 1955.10 1979.85 1925.00 91.97 2096.75 1248.30 44 1944.80HDFCStandLif 455.75 455.75 458.00 460.00 454.10 790.16 510.75 345.00 72 455.65HDIL 15.55 15.20 15.60 15.75 15.00 1744.94 35.65 13.05 7 15.25HEG 1276.35 1281.80 1275.00 1318.00 1273.00 232.25 4950.00 1221.95 2 1280.85Heidelbrg 191.55 190.10 191.55 193.60 189.00 87.53 217.60 122.10 20 190.05Herc.Hoi [1] 98.15 96.95 98.10 99.25 96.50 2.26 136.95 87.65 24 97.75Herit.Fds [5] 401.55 399.30 401.05 404.00 396.10 13.37 649.85 388.00 22 398.20Hester Biosc 1763.25 1755.55 1765.30 1775.05 1752.00 1.85 1930.25 1039.95 34 1750.85Hexaware [2] 355.45 359.20 350.20 362.40 350.20 1275.58 529.70 294.80 22 358.90HFCL [1] 19.85 20.15 20.00 20.40 19.75 1584.08 31.35 17.20 14 20.20HGInfraEngg 261.55 258.65 261.55 264.95 255.80 12.42 307.00 170.20 14 259.85HighGrndEn [1] 2.30 2.20 2.20 2.20 2.20 34.94 15.66 2.14 2 2.20Hikal [2] 164.80 164.30 164.80 167.00 163.50 38.49 207.00 135.00 20 164.35HIL 1569.85 1542.55 1580.00 1580.10 1532.00 3.61 2600.00 1492.65 11 1545.15Hilton Mtl 12.25 11.75 12.60 12.60 11.75 3.44 32.20 11.20 9 12.44HimadriSpec [1] 99.70 97.60 99.95 101.10 96.95 264.38 152.00 94.00 13 97.30Himat.Seid [5] 152.65 150.00 152.65 154.20 149.05 42.86 320.05 149.50 6 150.45Hind.Compo [5] 189.65 191.15 190.00 193.95 185.30 0.30 468.00 185.50 15 190.35Hind.Cop [5] 38.35 37.80 38.40 38.40 37.70 264.29 68.05 37.65 24 37.75Hind.Media 89.90 89.55 89.10 89.70 85.65 4.78 217.70 85.00 9 89.00Hind.Mot [5] 6.50 6.55 6.45 6.60 6.45 52.25 10.18 5.92 5 6.59Hind.N.Gls [2] 19.80 18.85 18.85 18.85 18.85 1.21 139.45 19.20 - 19.20Hind.Oil.Ex 125.10 124.20 125.10 126.75 123.40 108.77 164.80 102.60 11 124.00Hind.Rect [2] 124.25 122.20 125.95 127.50 121.30 4.31 145.70 97.00 18 123.85Hind.Znc [2] 230.45 223.10 230.95 231.60 222.30 1232.44 308.90 222.35 12 223.20HindujaGlo 635.15 631.35 626.15 639.95 626.15 5.67 911.40 560.05 6 630.00HindujaVen 326.80 325.95 325.15 336.75 325.00 0.85 718.00 310.05 - 329.35HindustnAero 677.75 670.90 675.05 679.60 665.30 4.16 1014.00 603.25 10 672.00HisarMetalIn 54.00 52.50 52.00 55.00 51.60 3.61 84.70 30.50 5 52.00HiTech Gr 206.95 205.80 205.50 211.95 198.35 23.94 505.00 198.00 11 203.85Hi-TechPipes 277.55 276.60 280.05 286.40 271.00 0.93 157.00 67.15 29 78.75Honda Siel 906.40 888.45 906.10 913.05 884.05 1.02 1409.95 870.00 16 884.95Honey.Aut 23548.85 23340.65 23574.00 23869.00 23325.55 0.51 27769.8017980.00 5823303.55Hotel Leela [2] 8.10 8.00 8.00 8.15 7.85 99.65 19.60 7.02 - 7.99HOV Services 74.50 75.40 73.05 76.50 72.45 6.55 261.00 70.10 74 75.75HPCL 287.90 286.70 286.90 292.25 281.75 6027.08 333.45 163.45 7 286.70HPLElect&Pow 57.40 56.70 56.80 59.50 56.30 18.07 93.40 44.00 14 56.75HSG&UrbanDev 39.00 38.65 39.20 39.35 38.50 546.74 63.80 37.45 7 38.65HSIL [2] 244.90 237.55 243.10 246.35 236.60 37.16 406.35 186.00 24 237.90HT Media [2] 28.35 27.70 29.40 29.95 27.40 33.93 67.22 24.60 - 27.85Hubtown 18.05 18.10 17.90 18.50 17.30 35.88 73.60 16.00 - 17.80
I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ibull Real [2] 113.00 114.10 113.00 114.90 110.00 3083.80 164.10 63.05 49 114.10ICICILombGIC 1075.45 1058.80 1069.00 1078.95 1054.00 329.28 1264.50 694.35 49 1058.25ICICISecu 216.05 218.95 215.10 222.45 215.10 225.75 366.30 188.00 - - ICRA 3201.65 3168.45 3153.05 3217.00 3126.05 0.38 4000.00 2833.00 32 3174.10IDBI 34.75 34.45 34.90 35.30 34.15 4008.70 65.80 33.35 - 34.45Idea Cell 11.35 11.25 11.35 11.50 11.2033210.78 37.45 11.14 - 11.27IDFC 35.85 35.85 35.85 36.15 35.70 910.22 53.45 33.60 - 35.80IDFCFirstBnk 42.95 42.65 42.85 43.50 42.30 9916.31 56.85 32.70 - - IFB Agro 367.45 372.65 365.00 380.00 361.10 1.74 750.90 336.00 10 369.75IFB Ind 736.00 731.45 735.00 739.95 720.25 3.61 1229.00 700.00 49 729.95IFCI 8.70 8.50 8.70 8.80 8.50 1271.09 18.20 7.08 - 8.52IFGLRefract 187.95 182.35 183.05 189.80 181.95 0.88 272.35 180.65 26 182.25IG Pet 239.55 239.00 238.00 244.90 236.75 9.45 553.65 215.85 6 239.70Igarshi 225.40 214.15 225.50 225.50 214.15 16.88 836.33 171.10 12 214.70IIFLHoldings [2] 145.20 145.70 145.20 148.15 144.30 25.67 378.28 136.00 32 146.45IL&FS Ven [2] 3.65 3.60 3.60 3.70 3.60 48.48 16.45 3.56 - 3.64IMP Pwr 24.55 24.35 25.90 26.50 24.25 7.91 85.85 25.10 11 25.10IMPAL 837.05 835.05 835.00 854.00 835.00 1.69 969.45 796.00 17 834.05Ind Terr [2] 96.65 96.20 96.05 98.75 95.70 2.25 169.00 96.00 14 96.05Ind.Bk.Mer 7.75 7.70 7.95 7.95 7.55 17.84 15.18 7.52 - 7.60Ind.Card 96.30 99.55 100.65 100.65 97.00 0.15 159.70 81.95 - - Ind.Cem 95.85 94.20 95.90 97.50 93.60 2532.69 128.20 74.85 42 94.30Ind.Gly 228.10 228.00 226.75 228.70 226.10 14.47 539.50 220.80 5 227.80Ind.Hume [2] 307.95 300.50 308.55 316.05 299.65 27.17 370.00 220.25 17 300.65Ind.Inv.Tru 79.00 76.10 80.00 80.00 76.10 0.80 103.95 61.00 - 80.00Ind.Metals 187.25 188.55 186.00 189.45 186.00 4.09 369.35 176.00 29 189.10Ind.Nippon [5] 406.40 397.55 411.30 411.95 390.00 3.62 568.95 369.00 15 402.10Ind.Ovr.Bk 12.05 12.10 12.40 12.65 12.00 1401.24 17.25 11.05 - 12.13Ind.Ram.Sy 26.55 26.60 27.50 27.50 26.40 6.72 40.95 15.65 - 26.30IndbullsVent [2] 301.15 292.10 302.70 308.30 290.20 716.92 819.95 208.75 170 291.90IndiabulsInt 179.10 170.75 182.00 182.80 170.15 223.94 785.00 170.15 - - IndiamartInterm 1327.60 1325.25 1329.80 1337.10 1321.60 63.04 1368.70 1180.00 - - Indian Bk 242.70 243.60 243.10 246.20 238.50 521.98 380.00 200.65 37 243.45Indian Htl [1] 147.75 148.30 148.60 149.90 147.30 545.51 164.10 110.00 60 148.25IndianEgyExc[1] 139.45 142.50 138.50 143.10 138.10 131.91 178.00 136.80 26 142.65Indo Count [2] 31.15 31.25 31.40 31.70 30.50 82.85 89.85 30.30 10 31.00Indo Wnd 3.95 3.90 4.10 4.10 3.75 17.61 7.25 3.60 - 3.81Indoco Rem [2] 150.60 151.15 149.25 152.00 149.00 5.48 238.00 134.10 - 151.75IndostrCapFn 364.05 357.60 361.90 365.45 355.00 51.26 522.00 275.00 13 357.65Indotech Tr 95.70 94.00 98.70 98.75 94.00 3.19 165.25 82.25 - 96.80IndoThai 25.25 25.95 25.30 26.05 25.10 1.66 60.65 24.40 11 - Indra.Gas [2] 303.90 304.30 303.90 312.00 302.50 2021.78 350.20 215.20 27 304.45Indra.Med 37.40 36.90 37.15 37.45 36.40 37.25 52.00 36.15 12 36.80IndSwifLab 31.50 31.80 31.15 32.30 31.15 7.50 97.60 30.45 - 32.00Ind-Swift [2] 3.90 3.95 3.90 3.95 3.80 3.04 11.15 3.71 - 4.09INEOS Styro 428.65 426.45 425.35 434.00 422.05 2.46 838.00 425.00 - 427.65Infibeam Inc [1] 42.05 42.05 42.10 43.20 41.85 1190.30 242.80 27.65 - 41.95Info Edge 2223.15 2225.00 2230.00 2265.95 2212.35 59.99 2432.00 1227.15 86 2223.85Infrasoft 103.80 100.10 108.95 108.95 99.20 7.66 368.70 96.25 90 107.60Ingersoll 609.30 620.95 611.95 628.75 600.15 7.13 671.00 472.35 24 619.95Inox Leis 318.30 328.65 318.00 331.90 318.00 249.95 382.60 189.65 25 328.85Inox Wind 69.60 69.20 69.60 70.10 69.00 29.04 113.00 55.00 - 69.30Insectic 641.10 646.70 638.60 652.95 638.60 7.07 800.00 370.00 11 647.90InspirisySol 45.30 44.90 43.60 45.20 43.60 0.22 90.40 38.50 - - IntellecDesi [5] 265.10 265.05 265.10 265.50 263.35 113.84 283.20 151.10 26 265.50IntenseTech [2] 27.00 27.80 26.95 28.85 26.70 12.42 74.60 25.05 9 28.65IntGlobAviat 1566.30 1398.05 1409.70 1417.00 1264.8512143.43 1716.00 697.00 344 1397.75Intl Paper 429.65 429.55 429.50 431.00 429.20 135.16 591.15 308.75 8 429.65Inventure 12.35 12.30 11.65 12.40 11.65 0.55 19.00 11.00 - 12.31IOL Chem 198.60 205.10 198.50 209.00 197.30 389.53 234.90 81.05 5 205.10IPCA Lab [2] 951.35 951.50 957.95 957.95 946.00 30.34 1042.00 590.10 26 951.30I-PruLifeINS 381.35 372.90 378.20 380.00 368.50 1139.80 427.80 277.95 47 372.50IRB Infra 92.75 92.45 93.30 93.30 91.70 1340.48 216.00 84.10 10 92.40IrconIntl 391.35 386.55 390.90 394.80 382.25 14.34 471.00 338.00 - - ISMT [5] 5.40 5.10 5.35 5.35 4.90 52.31 9.80 5.00 - 5.17ITD Cem [1] 100.55 97.20 100.00 102.50 95.30 75.54 146.00 96.00 30 97.50ITDC 250.70 247.75 248.70 252.10 247.50 10.63 463.00 231.00 80 247.55ITI 90.85 88.75 91.35 91.80 88.25 380.07 119.80 69.40 86 88.65IVP 83.90 81.75 86.90 86.90 79.75 0.48 210.50 79.10 25 81.10IZMO Ltd 44.00 43.55 44.00 45.30 42.95 6.12 96.50 43.00 - 43.95
J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J&K Bk [1] 40.05 39.20 40.35 40.45 39.05 215.20 65.95 33.35 5 39.15Jagran [2] 103.45 102.25 102.90 103.65 101.35 27.03 137.95 92.30 14 102.45Jags.Phr [5] 25.40 25.15 26.20 26.20 24.60 1.32 34.95 21.10 9 25.05Jai Corp [1] 99.65 100.20 100.00 102.50 99.50 736.29 173.90 85.50 71 100.25JaiBal.Ind 25.50 25.30 24.75 26.00 24.75 1.65 668.00 81.00 - - Jain I.DVR [2] 19.20 18.95 19.25 19.60 18.60 21.97 59.40 17.45 - 19.05Jain Irrg [2] 24.45 24.20 24.60 25.00 23.80 2552.48 89.00 16.30 5 24.15Jamna Au [1] 49.70 49.35 49.80 50.70 49.10 220.77 94.00 48.50 14 49.25Jay Bhr [5] 189.15 192.00 189.25 199.00 189.20 9.05 495.00 186.85 8 190.85Jay.Agro [5] 167.60 169.60 166.60 171.50 165.90 7.24 318.00 165.25 11 168.05Jay.Neco 5.00 5.25 5.20 5.25 5.05 40.46 7.00 3.12 - 5.37Jaypee Inf 1.50 1.45 1.50 1.50 1.45 2243.83 6.60 1.38 - 1.43Jayshr Tea [5] 52.65 50.80 51.80 52.30 50.60 32.25 110.00 50.50 48 50.90JB Chem [2] 374.25 369.55 375.00 375.00 365.00 21.52 407.10 236.00 16 368.75JBF Ind 12.55 12.05 12.50 12.50 11.95 32.16 45.70 12.00 - 12.17JBM Auro [5] 223.25 220.80 223.30 226.00 220.00 5.77 392.00 212.00 18 222.35JHS Svend 20.60 20.60 21.20 21.25 20.20 24.96 45.50 16.05 - 20.55Jind P.Inv 22.80 21.90 21.85 23.65 21.70 2.67 47.00 21.70 - - Jind.Cot 2.45 2.35 2.45 2.45 2.35 9.34 8.53 1.92 - 2.48Jind.Drl [5] 99.80 100.00 98.80 102.75 97.85 7.93 147.65 87.20 8 99.55Jind.Poly 241.40 246.65 243.25 248.00 235.00 10.95 324.95 207.50 5 245.30Jind.Saw [2] 78.75 76.95 78.50 79.20 76.65 290.97 102.00 67.60 5 77.00Jind.Stl&P [1] 135.85 131.80 134.80 137.10 129.8013525.31 246.00 123.30 12 131.80Jind.World [1] 69.65 66.50 70.55 70.60 66.10 77.38 112.00 54.00 50 66.65JindStain(H) [2] 74.95 73.75 74.40 75.40 73.55 69.11 159.70 73.05 7 73.80JK Cem 974.65 980.35 974.65 992.40 974.65 10.22 1075.00 650.00 23 978.75JK Lak.Cem [5] 341.25 336.85 344.00 344.75 334.90 30.97 396.20 249.55 50 337.65JK Paper 123.75 120.80 123.60 124.30 120.00 361.43 193.95 97.85 5 120.75JK Tyre [2] 76.25 76.15 76.55 76.55 75.75 163.85 136.20 72.20 9 76.05Jkumar Inf [5] 146.45 147.80 143.85 149.35 143.85 91.24 274.70 104.00 6 147.90JM Fin [1] 77.85 77.10 77.65 77.95 76.00 152.85 135.15 64.25 58 77.05JMC Proj [2] 129.15 126.30 129.00 129.90 125.50 23.50 150.00 67.00 15 127.25JMT Auto [1] 1.85 1.90 1.90 1.90 1.85 35.95 4.90 1.53 - 2.04Jocil 87.20 88.45 85.10 89.50 85.10 0.45 169.75 83.05 - - JohnCntHita 1721.40 1681.90 1710.00 1716.70 1665.00 0.75 2335.75 1505.00 53 1686.10JP Associ [2] 2.85 2.70 2.85 3.00 2.65 8172.28 17.00 2.41 - 2.71JP Pwr 1.85 1.80 1.85 1.90 1.80 775.87 4.61 1.44 - 1.84JSL [2] 31.80 31.20 31.80 32.20 30.85 134.14 72.00 21.00 11 31.20JSW Enr 70.95 70.05 71.30 71.75 68.20 357.95 77.00 56.00 46 70.00JSW Hld 2950.30 2929.40 2938.00 2953.00 2911.10 0.70 3138.95 1723.10 37 2961.30JTEKT INDIA [1] 90.80 88.95 91.00 92.85 88.00 18.83 146.45 83.05 32 89.10Jub.Food 1221.75 1233.40 1220.00 1238.80 1208.50 1051.57 1575.00 982.00 50 1233.80Jub.Ind 85.90 88.55 85.15 89.00 82.40 2.80 157.00 82.80 - 88.50Jub.Life [1] 486.35 478.50 486.00 489.80 476.05 114.67 898.00 450.00 52 478.55JullundurMot 29.20 28.25 30.90 30.90 28.05 0.98 254.80 27.75 - - JustDial 812.25 775.35 803.00 812.90 770.50 4730.74 824.85 408.00 24 775.15Jyo.Lab [1] 164.10 163.70 162.25 165.50 162.25 37.33 237.65 143.10 31 163.95
K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .K Sera [1] 0.15 0.15 0.15 0.15 0.10 559.44 0.25 0.10 - - Kabra Ext [5] 79.05 78.80 81.55 81.60 77.50 0.98 101.55 60.70 10 79.00Kaj.Cera [1] 566.25 555.80 566.00 572.05 554.35 184.21 648.85 316.20 36 556.35Kakt.Cem 177.50 173.90 180.55 180.55 173.00 7.32 271.00 133.00 26 174.05Kalp.Pwr [2] 484.75 502.90 484.75 510.00 482.25 141.32 553.50 268.50 19 502.60Kaly.Inv 1782.55 1744.50 1795.00 1796.00 1730.10 0.29 2599.95 1395.00 23 - Kaly.Stl [5] 198.85 198.05 199.40 203.90 197.05 21.98 304.95 175.20 7 197.95Kamat Htl 40.95 41.20 41.00 42.20 40.70 7.00 83.25 38.05 4 41.45Kamdhenu 154.40 156.40 153.70 157.65 151.60 11.33 235.00 142.05 18 156.25Kanani Ind [1] 4.15 4.15 3.95 4.15 3.95 1.50 7.95 3.60 - - Kanor.Chem [5] 53.70 53.60 53.55 53.90 53.05 16.89 84.00 52.15 24 53.50Kansai Ner [1] 426.10 425.00 428.95 428.95 418.20 40.75 540.45 343.40 51 426.10KardaConstru 203.80 200.60 200.00 205.95 196.00 48.24 239.00 124.35 20 198.90Karma Enr 14.40 14.95 13.90 15.30 13.65 1.88 30.00 11.00 - 15.50Karn.Bk 100.55 100.00 100.55 101.25 99.50 747.46 141.15 92.30 6 100.00Karur vys bk [2] 69.55 69.55 69.35 70.00 69.25 259.37 100.95 63.40 26 69.55Kaushlya Inf 0.45 0.45 0.45 0.45 0.45 0.61 2.40 0.35 - - Kaveri Seed [2] 458.70 451.65 455.10 461.00 448.10 90.44 659.95 376.00 13 452.05Kavveri Tel 3.40 3.40 3.50 3.65 3.25 0.30 11.25 3.05 - - KAYA Ltd 513.95 521.35 515.25 529.00 500.00 51.67 1081.95 476.00 - 521.95KCP [1] 80.95 81.35 80.50 82.50 80.50 6.53 116.00 74.00 27 81.20KCP Sug [1] 14.70 14.55 14.65 14.75 14.50 38.83 33.40 15.75 - - KDDL Ltd 404.05 410.10 417.00 417.00 400.00 0.37 540.00 385.00 30 409.00KEC Intl [2] 318.50 319.85 318.00 323.00 314.00 203.16 355.00 229.95 16 319.50KEI Ind [2] 466.20 459.70 470.00 475.45 456.10 65.93 532.30 248.40 20 460.30Kellton Tech [5] 24.75 24.10 24.50 25.40 23.80 506.90 54.80 22.40 - 24.25Kesar Ter [5] 50.35 45.35 50.50 51.40 45.35 20.56 109.95 34.25 3 45.05Kesoram In 66.55 64.10 66.55 67.55 63.15 156.44 99.20 54.50 - 63.90Kewal Clo 1145.25 1128.55 1148.95 1148.95 1125.00 0.06 1508.00 1025.90 17 - KhadimIndia 281.60 278.80 281.75 285.05 278.00 1.36 827.55 275.50 24 280.05Khait.Ind 22.35 23.40 25.40 25.40 20.00 1.18 66.95 19.25 19 24.45Kilitch 145.90 140.85 145.00 148.00 135.25 21.10 242.40 81.00 15 140.45Kingfa S&T 616.90 614.30 620.00 620.00 612.05 0.48 953.00 550.20 39 617.25KIOCL 122.60 119.30 121.25 123.80 118.00 7.08 258.70 114.55 66 118.95Kiri Ind 505.65 495.25 505.50 507.50 495.00 72.10 652.75 372.00 13 495.40Kirl.Bros [2] 191.35 192.60 191.40 197.00 189.05 34.34 300.00 132.00 18 192.35Kirl.Elec 12.80 12.30 13.00 13.00 12.15 16.64 100.80 26.95 2 - Kirl.Ind 781.40 779.70 781.40 803.95 776.25 0.26 1192.50 725.05 16 780.00Kirl.Oil [2] 183.90 183.95 183.90 187.00 181.80 11.49 354.85 150.10 12 183.80Kitex [1] 96.45 93.30 96.90 97.65 91.65 75.40 137.90 88.00 8 93.65KM Sug [2] 7.55 7.35 7.45 7.70 7.20 24.27 13.98 6.20 3 7.41KNR Con [2] 275.40 271.25 275.80 278.80 270.00 20.14 303.30 163.30 14 270.85Kohin.Foods 15.85 16.30 16.00 17.00 15.50 20.37 44.10 15.10 - 16.05Kokuyo [1] 74.65 73.95 75.00 75.75 73.65 91.05 154.00 73.10 49 73.60KoltePatil 233.05 252.35 232.05 254.50 232.05 560.52 317.00 201.80 24 252.60Kopran 35.00 34.85 34.55 35.55 34.55 14.26 57.15 32.70 12 34.90Kothari Pet [5] 16.00 16.35 16.15 16.50 16.05 4.18 0.40 0.05 - - Kothari Pro 71.15 69.75 70.35 75.45 69.40 3.99 131.80 67.15 10 70.05Kothari Sug 9.60 9.60 9.60 9.85 9.60 2.37 15.85 4.45 - - Kpit Tech 96.40 92.70 95.60 96.20 88.20 822.99 105.00 88.20 - - KPR Mill [5] 600.45 605.05 595.00 610.00 595.00 5.14 711.25 512.95 15 605.25KRBL [1] 230.65 226.85 231.20 232.00 221.10 439.06 411.50 216.95 11 226.80Krebs Bio 76.45 74.00 74.00 74.00 74.00 0.02 130.18 68.00 - - KridhanInfra [2] 12.25 12.85 12.85 12.85 12.85 18.83 85.00 8.90 8 13.03KSB 715.45 694.45 708.00 719.90 690.00 8.95 875.00 638.60 - - KSK Ener 0.70 0.70 0.70 0.75 0.65 637.74 2.31 0.65 - 0.69Kwality [1] 3.70 3.55 3.55 3.55 3.55 169.41 28.45 2.19 - 3.54
L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .L&TInfotech [1] 1600.65 1590.95 1605.00 1606.00 1564.05 250.11 1990.00 1438.25 20 1590.30
................CHCHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 13MARKET RADAR
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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl
Phoenx.Mil [2] 629.75 649.05 635.00 657.45 631.10 457.64 695.00 491.50 58 646.75PI Ind [1] 1159.25 1117.30 1166.90 1169.45 1107.20 145.87 1229.30 691.80 38 1119.35PidiliteInd [1] 1177.75 1183.25 1178.25 1187.75 1173.00 195.18 1311.00 898.00 63 1182.60PIL Italica [1] 8.95 9.15 9.25 9.40 8.85 397.27 10.75 5.45 9.14Pilani Inv 2007.35 1996.20 2010.00 2037.90 1980.00 2.47 2627.35 1805.00 47 1997.55Pion.Dist 120.55 115.70 121.05 121.15 114.30 9.38 288.00 106.25 115.55PiramalEntp [2] 1990.30 1937.05 1989.10 1998.05 1925.00 763.96 3302.55 1706.10 109 1937.65PittiEngg [5] 47.30 46.90 48.60 48.60 46.60 21.62 93.70 40.25 6 46.80Plastiblen [5] 178.10 171.95 178.70 178.70 170.55 5.15 265.00 160.65 14 172.35PNB Gilts 35.60 36.70 36.50 37.10 35.60 542.04 38.25 24.00 12 36.75PNB Housing 777.15 771.85 777.90 784.00 766.00 189.35 1428.50 679.00 12 772.30PNC Infratec [2] 202.25 199.15 203.45 203.85 196.30 113.42 219.40 122.70 16 198.20PodarHseDVPT 525.00 500.40 527.00 527.00 500.00 0.03 849.00 440.45 PoddarPigmen 159.30 162.60 153.30 164.40 153.30 1.14 272.00 144.00 10 Pokarna Ltd [2] 134.90 130.25 134.00 135.00 130.00 6.79 199.05 120.50 59 131.00Poly.Medi [5] 180.60 178.35 180.00 190.00 175.30 4.79 258.30 166.50 24 180.40POLYCAB INDIA 611.40 613.95 610.00 619.30 610.00 25.92 677.70 578.00 Polyplex 499.60 491.30 503.05 504.00 488.00 33.97 667.75 428.80 7 492.95Ponnie Sug 114.95 117.40 118.00 118.00 114.95 0.50 180.00 104.50 11 116.80Power Mech 980.00 941.15 983.95 984.00 936.10 10.76 1164.15 775.35 14 942.95PrabhatDairy 64.20 64.90 64.00 65.30 63.60 47.06 176.25 47.15 64.75Pradip 1.20 1.20 1.20 1.20 1.15 3.06 2.80 0.80 Praj Ind [2] 128.40 125.85 128.55 129.95 125.35 650.66 168.00 75.05 42 125.75Prajay 6.80 7.10 6.95 7.20 6.50 21.09 13.40 6.25 7.03Praksh.Cons [1] 2.60 3.05 2.90 3.10 2.70 936.26 6.58 2.12 3.02Praksh.Ind 56.10 55.40 55.95 56.40 55.00 194.69 143.70 54.75 2 55.10Praksh.Stl [1] 0.25 0.25 0.25 0.25 0.25 59.05 1.05 0.05 PratapSnack [5] 788.35 781.85 785.25 809.95 777.10 3.65 1288.20 776.60 40 779.35PraxisHomeR[5] 85.00 91.15 83.25 98.00 83.25 18.50 264.75 81.00 91.60PrecisionCam 51.70 51.35 50.50 56.40 50.50 19.25 88.50 45.00 11 51.40Precot 33.15 31.85 32.40 32.40 30.05 1.51 71.95 30.05 Precsn.Pipe 225.15 225.05 220.10 229.95 206.95 7.05 591.00 217.00 9 225.05Precsn.Wre [5] 182.35 180.45 181.05 182.55 180.00 2.40 255.35 174.75 10 180.05Premier Polyfi��lm 22.85 21.95 22.65 22.70 21.25 0.88 264.80 105.35 4 120.95PremierExplo 188.10 184.65 190.00 190.00 182.10 2.36 285.05 160.00 17 184.00Pressman [2] 25.75 24.95 24.65 25.40 24.65 3.88 51.95 23.10 9 25.00Prestige Est 275.95 269.90 270.15 277.50 266.70 184.41 313.00 163.75 35 269.40PRICOL [1] 31.75 31.30 32.00 32.70 31.25 25.68 79.10 29.00 31.30Prime Foc [1] 50.10 49.50 50.00 52.60 49.05 9.49 97.00 43.40 49.75Prime.Sec [5] 37.00 38.15 36.70 38.60 36.00 30.44 48.20 30.55 33 38.45PrismJohnson 91.10 91.05 90.70 91.45 90.50 131.95 123.45 62.45 30 90.90Prit.Nandi 15.25 14.55 15.70 15.70 14.30 14.70 22.50 11.60 15.25PROSEED INDIA 0.30 0.30 0.25 0.30 0.25 5.45 1.40 0.25 Provogue [1] 1.90 1.85 1.85 1.85 1.85 12.61 4.99 0.72 1.84PSL 0.80 0.80 0.80 0.85 0.75 5.88 2.79 0.79 0.84PSPProjects 533.75 540.00 522.80 548.55 522.80 22.41 617.00 358.70 22 539.15PTC 64.60 64.10 64.60 65.95 63.70 827.67 94.00 63.70 7 64.05PTC Ind Fin 15.00 14.80 15.00 15.15 14.75 296.79 20.40 13.00 5 14.80PTL Ent [2] 41.80 41.65 41.80 42.30 41.50 17.68 53.20 36.00 7 41.60PudumjeePap[1] 11.40 11.95 11.20 13.10 11.20 30.98 29.00 10.75 7 12.04Pun.Natl.Bk [2] 74.35 72.75 74.80 74.90 72.0024105.87 99.90 58.65 72.65Punj Lloyd [2] 1.40 1.40 1.45 1.45 1.35 293.72 15.99 1.19 1.42Punj.Chem 609.30 602.35 604.00 606.05 599.00 3.98 764.00 528.00 29 601.10Puravankra [5] 69.00 68.70 68.30 69.65 67.60 49.50 115.00 53.20 18 69.00PVR 1659.60 1700.50 1666.90 1713.00 1656.00 539.36 1833.80 1064.55 46 1700.35
Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Quess Corp 428.40 428.70 434.00 437.95 417.05 230.84 1150.00 416.20 27 429.25QuickHealTec 161.10 158.50 162.00 163.45 157.50 69.02 287.00 150.40 12 158.15
R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R Sys Intl [1] 44.45 42.95 42.95 43.00 42.10 10.40 56.40 24.20 14 42.90Radaan [2] 1.45 1.45 1.45 1.50 1.40 14.13 4.60 1.35 Radha Madh 5.35 5.60 5.60 5.60 5.35 205.84 40.30 4.75 2 5.49Radico [2] 286.50 285.80 287.00 295.75 282.05 224.47 500.00 260.05 20 286.65RailVikasNgm 26.65 26.20 26.65 26.80 26.00 2607.54 29.90 18.65 Rain Ind [2] 96.20 95.80 96.40 98.45 95.25 432.09 232.00 88.20 53 95.70Raj.Exp [1] 691.70 693.60 693.00 697.50 691.50 232.23 786.85 544.00 46 692.85Rallis [1] 154.45 152.40 154.90 154.90 151.50 40.37 214.40 139.10 23 152.35Rama News 18.55 17.50 18.20 18.30 17.00 61.84 34.70 16.05 7 17.60Rama Steel [5] 80.90 77.45 81.50 81.55 77.00 11.19 142.00 71.00 17 78.10Ramco Cem [1] 778.90 787.10 773.10 791.25 773.10 286.14 845.10 546.30 37 786.80Ramco Ind [1] 192.30 190.50 191.10 194.90 189.85 16.45 264.00 172.00 22 190.15Ramco Sys 210.45 209.45 210.50 211.90 208.00 7.85 413.90 187.20 12 209.65Ramk.Forg 459.50 450.60 462.55 462.55 450.10 4.55 718.00 405.25 12 451.00Ramky Inf 88.20 84.95 88.60 89.30 84.00 68.79 214.45 84.60 14 85.00Rana Sug 2.70 2.65 2.70 2.70 2.60 71.68 5.54 2.51 2.65Rane (M) 303.85 297.00 302.90 306.35 295.00 2.37 730.00 294.60 8 297.00Rane Brk 609.35 607.40 610.10 624.00 603.35 5.84 866.00 483.00 13 606.90Rane Eng 422.70 423.80 418.10 432.90 418.05 0.34 642.80 412.05 432.05Rane Hld 1001.40 994.75 1008.55 1016.40 971.00 1.01 2140.00 948.00 19 990.70Ratnamani [2] 976.45 988.80 975.00 992.65 951.25 56.81 1030.00 735.95 18 980.00RattanIndInf [2] 2.05 2.10 2.20 2.20 2.00 101.83 6.27 1.52 2.09RattanIndPow 1.75 1.70 1.80 1.80 1.70 602.48 5.28 1.55 1.70Ravi K Dis 7.55 7.55 7.35 7.85 7.25 7.35 16.30 6.90 7.42Raymond 714.00 699.15 711.75 717.50 693.45 784.49 939.80 593.55 47 699.60RBL Bank 627.45 626.60 628.20 639.00 624.35 1411.08 716.55 438.80 31 626.65RCF 56.80 56.50 56.85 57.90 56.15 766.44 79.85 51.05 25 56.30Rcom [5] 1.65 1.70 1.70 1.70 1.70 2405.07 21.65 1.10 1.73RECL 137.30 143.10 139.15 144.75 138.5024000.44 169.55 89.10 5 143.00Redington [2] 100.85 94.75 101.50 101.50 92.30 344.60 128.00 64.00 25 94.75Rel Cap 59.25 56.10 58.85 58.90 54.3017554.44 487.60 49.40 2 55.95Rel.Ind.Inf 284.35 286.20 284.00 290.00 284.00 112.50 496.30 260.50 56 285.85Rel.Infra 48.95 46.05 48.60 48.60 45.2530322.87 488.50 37.30 46.00Relaxo [1] 432.15 427.15 433.00 439.00 422.50 52.49 497.00 333.00 60 427.00RelHomeFin 12.75 12.10 12.80 12.80 12.00 340.82 76.70 9.70 Religare 37.50 39.15 41.15 41.15 38.00 1913.64 53.75 17.05 39.05RelNavalEngg 4.00 3.95 4.10 4.10 3.90 413.15 20.70 3.40 RelNippon 225.50 224.70 226.40 226.40 224.45 324.88 278.95 120.20 29 224.95Remsons 96.55 94.75 92.05 98.90 92.05 5.90 150.00 70.15 16 95.45RenaisncGlob 274.75 271.35 266.05 275.05 266.05 5.80 344.20 253.95 Repco Home 378.20 373.00 379.00 380.00 372.00 29.71 648.00 292.50 10 372.65Repro 543.70 549.75 549.60 558.90 535.10 6.45 746.00 480.30 25 555.50Resp.Ind [1] 92.60 90.55 95.15 96.80 90.00 157.03 105.95 67.40 85 90.45Revathi 383.90 402.35 408.40 408.40 386.40 1.46 549.40 345.00 13 404.00Rico Auto [1] 55.20 55.60 55.15 56.65 55.00 114.77 87.25 54.00 14 55.50RITES 290.50 286.50 289.90 289.90 286.00 118.68 326.55 192.00 13 286.40Rolta 5.35 5.35 5.35 5.60 5.25 269.65 43.25 3.65 5.37Rossell [2] 42.20 42.10 41.35 44.05 41.30 3.16 103.80 39.15 41.80Royal Orchd 97.90 93.50 99.90 99.90 92.55 19.70 178.85 91.40 20 93.45RPG Life [8] 222.30 220.35 221.95 225.25 219.20 1.86 356.85 202.00 34 219.80RPower 4.05 4.00 4.05 4.10 3.95 9901.29 39.25 3.95 3.99RPP Infra 108.10 101.95 109.05 111.00 100.00 146.61 246.00 81.80 10 102.15RS Soft [5] 20.95 20.40 20.95 20.95 20.10 20.00 53.60 19.30 20.40RSWM 144.30 140.05 143.50 145.55 138.15 6.22 280.00 126.65 140.85Ruby Mills [5] 198.85 197.85 200.15 204.15 197.00 3.43 358.55 192.20 19 196.80Ruch.Paper 88.45 87.90 88.60 90.30 87.50 13.57 169.95 83.60 5 88.60Ruchi Soya [2] 4.75 4.75 4.85 4.85 4.60 723.93 11.95 4.43 2 4.74Rupa [1] 236.95 240.00 237.00 246.40 235.05 16.69 435.00 225.00 20 240.15Rush.Decor 257.30 244.45 244.45 250.00 244.45 4.68 725.00 245.20 26 245.20
S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S H Kelkar 129.10 125.50 129.90 130.95 125.20 64.45 248.00 109.15 40 125.80Sadbhav [1] 192.95 193.50 195.80 196.40 191.20 97.25 315.90 161.65 18 192.95SadbhavInf 62.20 59.95 62.50 62.90 58.90 10.37 132.80 58.75 32 60.80Sagar Cem 666.25 654.85 664.30 664.30 651.95 0.41 840.00 529.00 50 661.30SAIL 46.90 45.80 47.15 47.30 45.1524276.49 83.55 44.10 8 45.85Saksoft 316.50 316.10 334.75 334.75 312.10 4.62 367.00 202.25 20 314.75Sakth.Sug 8.95 8.95 8.85 9.05 8.75 4.58 21.90 8.00 9.00Sakuma [1] 16.00 17.60 16.30 17.60 15.25 998.35 42.95 15.20 10 17.60SAL Stl 2.90 2.80 3.15 3.15 2.80 13.92 8.15 2.70 2.91SalasarTech 153.40 150.15 156.00 165.00 146.90 33.63 337.50 132.00 6 149.95SalonaCot 84.40 83.00 84.30 84.30 83.00 0.19 107.45 60.05 27 Salzer Elec 118.10 122.75 115.25 123.95 115.25 16.53 177.95 101.70 8 123.05Sambhaav [1] 3.55 3.60 3.55 3.75 3.20 14.74 8.10 3.12 3.32Sanco Ind 18.35 18.15 18.30 18.35 17.50 32.58 33.10 11.45 Sandesh 654.05 651.30 641.45 662.55 641.30 0.26 1082.00 644.65 8 649.05SandharTech 284.05 284.20 281.00 288.25 279.35 4.31 391.60 226.45 18 284.25
Sangam 51.35 50.60 51.10 52.35 50.05 2.33 99.80 50.05 13 51.65Sangh.Mov [2] 109.55 108.75 109.00 111.15 108.05 8.49 192.50 82.90 108.50Sanghi Ind 66.40 65.70 67.70 67.70 63.60 36.33 96.80 51.00 31 64.95Sanofi�� 5782.05 5700.85 5780.00 5815.00 5632.25 12.74 6840.05 5300.00 34 5706.50Sanwaria [1] 5.05 4.85 4.95 5.10 4.80 1401.45 16.70 4.79 2 4.83Sarda Ene 210.60 209.80 209.25 215.95 208.10 13.41 438.00 208.30 4 209.40Saregama 535.95 529.45 528.00 540.70 527.15 7.03 738.75 461.50 18 529.75Sarla Perf [1] 25.10 24.70 25.10 25.70 24.60 15.04 46.85 21.20 7 24.85Sasken 659.00 677.00 662.85 679.95 660.50 2.39 1049.95 571.45 12 676.50SastaSunVent 106.30 103.20 108.90 109.60 101.00 2.48 135.00 75.05 106.45Satin Credit 275.60 272.30 275.05 277.30 270.65 10.66 408.10 183.00 7 272.85Savita 1034.85 1022.65 1049.95 1055.00 1021.00 0.23 1515.00 873.50 13 1023.65SBILifeInsur 759.00 741.95 751.80 758.30 740.00 459.59 776.05 487.00 56 742.35Schaefl��erInd 4670.70 4575.65 4700.10 4700.10 4530.65 2.84 5836.30 4540.00 31 4573.90SChand&Co [5] 79.10 78.00 78.45 80.00 77.25 5.61 377.65 76.30 77.60Schneider [2] 91.10 91.90 90.40 92.35 90.10 48.26 128.00 81.30 92.15SCI 30.80 30.00 30.75 30.95 29.75 369.72 66.50 28.50 30.00SE Power 3.50 3.60 3.50 3.65 3.50 0.12 8.26 2.71 2.73Seamec 458.40 453.00 454.15 465.00 451.10 4.37 512.00 182.90 15 453.90SecuriIntSvc 846.30 832.65 833.00 857.90 826.10 2.29 1200.00 727.00 51 834.40Sel Manu 0.85 0.80 0.85 0.85 0.75 40.97 2.10 0.76 0.81Selan Exp 164.30 161.65 163.50 165.00 160.50 12.36 275.00 158.80 5 162.05Sequent Sc [2] 69.00 68.35 68.50 69.40 68.10 66.63 89.00 42.45 68.25Sesh.Paper 979.85 977.30 980.05 980.05 973.85 0.68 1328.00 800.05 6 975.00SetcoAuto [2] 18.05 17.65 18.10 18.50 17.50 50.46 54.80 17.55 6 17.65Shah Alloy 11.60 11.65 11.70 11.70 10.95 0.65 32.60 10.63 3 11.10Shakt.Pump 369.50 367.15 371.25 374.90 366.00 20.74 503.50 291.00 22 367.00Shal.Paints [2] 76.55 73.95 76.55 77.40 73.65 9.77 107.76 54.91 73.75SHALBY 100.05 100.55 99.40 101.60 98.90 24.76 177.60 99.50 34 100.80ShankarBldg 377.05 365.30 378.30 383.30 359.15 29.22 1695.00 315.65 53 364.70Shanthi Grs [1] 111.90 112.10 110.75 115.50 110.75 7.79 149.35 106.20 26 111.95Sharda Motor 1262.40 1239.20 1282.05 1295.95 1216.00 2.30 2343.95 1155.00 8 1238.50ShardaCropch 310.15 313.20 310.90 317.60 310.90 1.07 424.00 259.95 20 315.15SheelaFoam [5] 1294.90 1317.95 1295.00 1331.90 1290.00 3.94 1817.95 1156.00 53 1317.50Shemaroo Ent 315.95 298.00 313.25 313.25 289.00 16.42 530.00 289.60 9 295.20Shilpa Med [1] 344.30 343.70 344.30 345.00 340.05 140.77 546.95 328.05 24 344.00ShirpurGold 16.65 17.45 17.35 17.45 17.10 33.45 106.00 12.15 12 17.60Shivam Auto [2] 27.50 27.75 28.10 28.70 27.00 14.83 66.40 25.05 27.55ShivaMills 46.05 46.05 47.75 47.75 46.00 0.11 70.00 40.20 6 45.95ShivaTaxyarn 130.20 131.45 126.00 133.95 126.00 1.37 380.00 105.25 25 129.30Shop.Stop [5] 475.35 476.35 474.35 477.95 465.35 8.99 690.00 432.25 53 476.25Shr.CU.Fin 1495.15 1500.60 1499.05 1525.00 1492.50 11.87 2060.00 1301.00 10 1498.55Shr.EPC 8.50 8.35 8.85 8.85 8.30 73.15 19.45 6.65 8.33Shr.Ram.Mul [5] 5.20 5.50 5.25 5.80 5.25 49.57 10.50 4.56 5.64Shr.Ren.Sug [1] 9.05 8.80 9.00 9.05 8.75 237.57 18.33 8.70 8.79Shr.Tr.Fin 1052.40 1034.20 1058.00 1067.35 1025.10 1345.45 1476.00 903.50 9 1033.55Shre PushChe 98.75 107.20 99.50 109.70 99.50 22.67 220.00 97.10 9 105.75ShreeCements 21205.75 21199.55 21100.00 21414.00 20969.05 22.04 22200.0013125.00 6821201.65Shreyans 138.15 139.25 138.65 140.90 137.05 6.38 202.35 115.25 4 138.95Shreyas 136.10 139.60 134.95 148.00 134.95 2.64 556.00 136.25 9 142.50ShyamCent [1] 4.00 3.90 4.05 4.10 3.70 4.48 10.45 3.80 3.90Sicagen 25.20 25.45 25.20 25.70 24.85 16.95 34.40 18.00 25.25Sical Log 96.15 95.65 98.70 98.90 91.00 15.35 204.00 90.05 18 93.95Siemens [2] 1260.10 1212.80 1255.25 1271.30 1204.00 782.30 1366.85 841.00 44 1214.00SignetIndus 28.35 27.75 28.40 29.15 27.55 9.80 75.90 26.10 SIL Inv 172.00 169.50 173.60 173.60 168.50 0.25 260.00 151.95 9 SimbholiSug 6.70 6.45 6.85 6.85 6.30 20.75 17.50 6.20 6.40Simp.Inf [2] 109.90 105.20 108.60 112.00 104.00 26.88 478.00 104.20 5 105.85Sintex [1] 2.95 2.95 2.90 3.05 2.85 3967.96 16.07 2.38 2.98SintexPlaTec 6.30 6.25 6.10 6.60 6.05 1750.69 44.35 6.05 SitiNetwork 2.55 2.45 2.50 2.60 2.45 54.56 15.80 2.45 Siyaram [2] 300.70 300.80 301.00 305.55 300.25 3.01 608.95 283.00 14 301.00SJVN 25.70 25.95 25.70 26.10 24.75 2774.23 31.05 22.25 7 25.90SKF India 1954.75 1918.65 1946.00 1953.10 1910.00 2.87 2164.50 1610.00 28 1919.65SKIL Infra 7.60 7.85 7.90 7.95 7.70 6.30 29.95 7.77 8.39Skipper [1] 55.35 55.45 55.00 57.80 54.00 27.16 171.90 48.05 18 55.00SKM Egg 37.15 36.65 38.20 38.20 36.50 12.00 86.85 36.00 16 36.60SML Isuzu 673.60 671.80 679.60 682.15 665.00 3.26 910.00 520.00 50 671.10SMS Phr [1] 51.05 49.75 51.05 51.90 49.40 8.84 90.70 48.00 10 49.95SMSLifeScien 407.25 402.40 408.75 420.00 400.00 1.04 840.00 286.05 SnowmanLogi 34.10 33.75 34.00 34.35 33.50 106.41 49.20 28.60 33.60Sobha 568.85 546.75 568.00 575.75 542.95 181.57 585.00 380.50 18 547.15Solar Ind [2] 1150.75 1151.25 1147.45 1165.00 1125.00 4.83 1320.00 923.60 54 1157.15SolarActPhSc 434.75 436.20 437.40 438.90 434.00 2.76 489.95 134.50 Soma Text 2.85 2.85 2.90 2.90 2.85 0.50 9.95 2.55 Somany [2] 428.55 420.75 426.70 450.00 420.00 8.46 556.85 270.60 35 422.25SomiConveyor 15.85 15.60 15.50 15.90 15.00 1.32 49.20 15.10 12 15.30Sonata [1] 358.95 351.00 361.80 361.80 349.75 74.25 428.75 266.00 22 351.30SorilInfrRes 179.10 171.85 182.40 184.00 170.15 61.56 889.20 170.25 36 171.95South In Bk [1] 12.80 12.55 12.85 12.85 12.50 5676.87 23.75 12.45 9 12.57SPApparels 277.80 283.00 273.45 287.20 273.00 1.94 352.00 201.05 10 282.60Spec.Rest 75.90 74.50 76.20 78.20 73.60 8.80 123.00 64.25 74.50SpencersRetl 89.30 85.75 89.20 90.00 85.50 98.27 225.00 85.50 SPIC 21.55 21.40 20.80 21.50 20.80 11.19 36.00 20.05 9 21.25SPL Ind 40.20 39.70 41.50 41.85 39.20 20.19 74.00 18.80 4 39.60SPML Infra [2] 17.40 15.95 17.30 17.60 15.70 34.81 103.95 15.75 1 16.10Sr.Leathrs 178.75 173.05 177.05 180.00 172.15 5.89 293.40 160.00 17 173.00Sr.Ray.HHP 113.75 116.30 114.10 117.45 113.50 1.58 212.30 113.40 11 117.25SREI Infr 17.40 16.60 17.60 17.60 16.40 522.39 64.90 14.35 9 16.75SRF 2796.00 2761.95 2798.80 2799.00 2740.00 329.10 3086.00 1531.00 31 2759.90Sri Adh Br 2.95 2.85 2.95 2.95 2.85 15.99 9.13 2.68 2.90SrikalahPipe 181.00 181.75 180.00 185.50 180.00 14.79 274.65 157.00 7 181.90StampeCap [1] 0.90 0.85 0.85 0.95 0.85 210.47 4.27 0.72 0.91StampedeCap 0.55 0.55 0.55 0.60 0.50 140.10 3.00 0.45 Star Pap 102.25 100.30 103.15 104.05 99.95 19.34 234.00 97.60 3 100.35StarCement [1] 114.10 112.35 114.50 114.90 111.25 12.07 137.60 85.00 18 112.00STC India 109.60 108.35 109.65 110.50 107.55 45.40 152.40 90.85 108.00Steel Strp 782.65 781.80 777.00 786.00 763.00 10.95 1341.20 724.00 16 785.05SteelCitySec 44.55 41.75 42.80 43.80 41.30 31.79 68.75 41.30 SteelExIndia 11.85 10.85 11.85 11.85 10.75 11.46 29.25 10.15 Stel Hld [1] 80.95 79.35 81.70 83.60 78.10 4.04 0.35 0.21 Ster.Tech [2] 161.70 162.40 161.70 164.00 159.05 882.94 399.00 143.85 12 162.30Ster.Tool [2] 206.05 205.90 207.55 209.95 203.30 0.21 400.00 180.00 16 205.00STI India 7.55 7.20 7.55 7.55 7.20 0.28 14.75 7.20 Str.Arcolab 379.15 374.95 378.95 381.50 369.20 817.91 550.40 340.00 30 374.90Subex 5.75 5.75 5.80 5.90 5.75 325.85 8.01 4.40 5.75Subros [2] 233.10 232.55 232.05 234.10 230.35 10.57 379.10 206.45 19 232.40Sud.Chem [2] 323.95 317.00 321.95 324.45 316.20 9.22 509.05 291.10 24 316.80Sumeet 2.60 2.70 2.60 2.75 2.60 30.21 13.75 2.25 2.66Sumit.Sec 483.20 474.20 473.55 490.00 462.50 1.71 857.00 466.00 41 472.25Sun Phr Adv [1] 118.65 120.60 120.55 123.20 117.80 1338.83 413.40 107.00 120.75Sun TV [5] 469.10 458.85 470.00 478.75 443.15 4391.56 840.00 443.40 13 458.95Sund.Brak 301.75 295.95 294.15 305.00 291.60 2.33 534.00 275.25 16 297.70Sund.Clay [5] 2285.25 2249.90 2285.30 2310.00 2235.95 1.57 4350.00 2180.00 38 2257.00Sund.Fast [1] 475.90 462.70 480.00 483.95 459.55 247.06 688.00 458.65 22 460.75Sund.Fin 1592.50 1593.05 1615.30 1628.75 1580.00 453.46 1745.00 1320.40 26 1592.90Sund.Multi [1] 1.70 1.65 1.70 1.70 1.65 205.09 3.08 1.52 1.66SundarFinHol 84.75 83.15 83.50 86.30 83.00 8.12 139.00 72.95 Sunfl��ag 34.55 35.35 34.00 36.40 34.00 66.28 76.40 33.05 6 35.25Sunteck [1] 457.15 453.15 456.05 459.90 447.60 112.33 532.00 295.65 36 452.60Super Spn [1] 5.00 4.90 5.00 5.10 4.80 8.89 10.62 4.50 5.00Superhouse 89.00 91.30 88.05 91.75 88.05 2.00 156.55 87.05 5 Supr.Ind [2] 1111.75 1094.05 1111.75 1120.00 1086.50 103.23 1269.75 935.85 34 1093.50Supr.Infra 18.70 19.60 19.60 19.60 19.60 2.09 45.95 16.15 19.60Supr.Petro 200.95 200.00 200.95 206.05 198.30 2.66 288.00 179.00 39 200.25Suprajit [1] 202.80 198.15 200.30 201.25 195.35 19.86 265.50 176.00 24 197.55Surana Solar [5] 7.05 7.05 7.05 7.20 6.95 2.39 15.35 5.81 6.92Surana Tel [1] 4.95 4.70 5.45 5.45 4.30 135.59 5.73 3.42 4.67Surya Rosh 219.80 228.25 220.85 231.50 220.00 497.79 363.90 185.05 10 228.10Suryalaxmi 24.20 24.65 24.50 25.40 24.50 6.98 65.90 22.60 Sutlej Te [1] 28.50 29.15 28.95 29.50 28.20 21.99 60.35 27.90 7 29.15Suven Lif [1] 256.70 251.70 255.70 257.35 250.70 204.11 337.70 183.25 21 251.95Suzlon [2] 4.75 4.85 4.80 5.00 4.7015117.13 8.69 2.70 4.89Swan Ener [1] 104.85 104.05 105.95 106.00 102.60 94.88 180.00 93.50 104.15Swaraj Eng 1394.60 1399.20 1400.00 1410.00 1390.00 4.46 1967.90 1256.35 21 1403.90Swle. Ener 241.40 228.00 240.00 240.00 221.10 39.78 365.00 201.00 21 227.30Symphony [2] 1235.20 1206.95 1235.20 1244.95 1200.00 3.46 1575.00 811.85 72 1208.50Synd.Bk 40.40 41.20 41.20 41.60 40.85 3988.50 46.60 29.55 41.15Syngene Int 315.55 314.50 313.55 317.90 312.20 41.84 368.10 254.65 38 313.90
T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tainwala 52.35 52.70 51.55 53.00 51.55 0.12 101.85 52.90 24 52.95Taj GVK [2] 192.80 186.65 196.75 196.75 183.75 12.46 251.10 140.00 48 186.20Take Sol [1] 121.35 121.30 121.10 122.90 120.05 66.87 253.90 97.00 103 121.35Talbros 143.40 142.45 144.50 146.05 142.20 2.00 309.15 138.20 8 141.70TalwakLifSty 100.85 101.65 104.00 105.55 99.05 77.17 173.00 90.20 Talwalkar 51.65 50.80 51.50 52.95 49.85 92.20 65.50 27.95 9 50.65Tanla Sol [1] 67.25 70.60 68.10 70.60 68.10 941.57 76.45 28.00 50 70.55Tarmat 31.10 30.95 32.00 32.00 30.95 1.16 53.00 24.80 31.10TastyBiteEat 8577.70 9578.95 8799.9010280.00 8671.15 4.4311371.65 7020.65 82 9501.45Tata Chem 593.80 594.65 598.20 600.95 589.00 615.84 781.55 550.00 20 594.75Tata Cof [1] 78.05 77.20 78.25 78.70 76.45 120.66 121.30 75.05 28 77.15Tata Com 449.35 463.60 446.00 468.85 442.00 466.90 626.65 435.95 59 463.45Tata Elxsi 853.90 849.65 850.00 865.55 846.00 243.88 1491.75 822.20 18 849.30Tata Global [1] 263.55 251.65 263.30 264.70 250.30 2861.88 278.00 177.50 41 251.60Tata Inv 874.20 873.55 871.25 880.45 871.25 8.76 932.40 654.00 30 874.05Tata M DVR [2] 74.80 73.10 75.45 75.45 71.60 4616.24 159.40 71.60 73.10Tata Metlk 588.95 580.20 590.50 595.00 576.50 8.15 754.40 545.00 9 580.80Tata Spng 507.25 504.40 509.50 512.50 503.60 52.29 990.84 501.25 20 504.45TataPowerC [1] 68.50 66.35 68.95 69.10 66.10 6342.66 86.15 59.90 47 66.40Tatapur 6.75 6.45 6.45 6.45 6.45 0.05 7.19 3.76 6.31TataSteelBSL 29.00 28.30 28.75 29.50 27.85 989.91 45.75 21.60 TCI Devl 347.00 350.00 350.00 350.00 350.00 0.00 565.80 303.65 351.80TCI Express [2] 618.00 615.50 619.70 638.40 609.00 65.11 766.20 510.05 32 611.60TCI Fin 11.90 11.45 11.95 12.00 11.20 7.07 26.95 10.95 3 11.34TCNSClothing 765.10 747.35 758.00 777.85 734.75 5.93 870.00 544.00 TCPLPackage 326.75 316.05 323.00 336.45 313.00 2.51 518.80 313.00 TD Power 150.25 152.05 145.50 152.90 145.50 3.40 168.10 96.10 67 150.90TeamleaseSvc 3000.90 2985.95 2999.00 3007.95 2976.30 1.96 3201.40 2159.25 53 2992.40TechInd Nirm 3.40 3.10 3.10 3.10 3.10 1.10 7.70 3.05 Technocr 422.05 426.60 420.00 429.80 415.00 0.59 650.45 406.00 10 424.45TechnoEle&En 260.10 260.05 255.00 267.00 255.00 3.31 304.00 215.60 Tecnnofab 24.85 24.00 24.85 24.85 24.00 0.93 191.90 23.50 TejasNetwork 134.80 132.10 131.10 146.90 130.50 52.55 322.00 115.00 TeraSoftware 31.40 29.75 29.15 31.70 29.15 11.33 59.70 22.65 10 29.75Tex.Infra [1] 46.45 43.80 47.00 47.05 42.60 10.47 72.35 42.75 43.60Tex.Pipe 17.80 17.80 17.55 18.50 17.55 23.72 40.70 14.20 16 17.85Tex.Rail [1] 58.95 57.40 58.70 59.55 57.10 93.83 81.90 50.20 17 57.55TGB Banq 4.80 4.60 5.00 5.00 4.60 29.81 29.50 4.52 5.12Thanga.Jwl 315.70 320.50 314.90 326.20 312.80 1.28 469.25 271.05 14 315.40The Byke Hos 24.00 23.75 24.60 24.60 23.55 17.87 149.50 21.50 19 23.75TheAnupEngg 474.75 476.95 477.00 480.05 472.00 6.82 651.00 351.00 TheInvstTrst 129.55 134.20 125.20 135.20 124.40 3.22 280.00 111.00 TheMandRetVe 17.10 17.20 16.55 17.40 16.30 1.68 73.90 15.50 Themis 178.75 179.95 173.40 184.70 170.20 0.93 437.10 173.85 191.35TheNewIndA [5] 144.30 143.75 144.00 147.50 142.10 63.18 311.15 142.35 41 143.75Thermax [2] 1044.35 1039.75 1046.00 1046.00 1021.85 39.95 1199.95 878.05 41 1038.15Thiru.Chem [1] 73.45 72.10 73.75 75.60 71.75 197.94 179.25 67.00 8 72.05Thom.Cook [1] 193.70 195.95 193.60 196.85 192.10 129.94 279.50 184.30 195.60ThyrocareTec 466.65 460.35 463.70 475.00 454.00 30.45 697.00 425.25 26 460.55Tidewater [5] 4840.00 4826.40 4832.05 4850.00 4825.00 0.27 6153.60 4750.00 17 4822.30Tijaria 11.20 11.55 11.95 11.95 11.00 6.41 26.70 7.58 5 11.48TIL 230.35 231.40 238.75 238.80 225.25 1.71 388.00 205.35 9 232.00Tilakngr Ind 12.45 12.50 12.45 13.20 11.80 126.47 18.75 11.60 12.45Time Gty 36.00 36.00 35.80 36.00 35.50 1.05 47.95 25.00 11 35.10Time Tech [1] 91.20 90.45 90.35 92.20 89.65 63.81 165.00 73.70 16 90.60Timken 716.90 730.15 715.75 738.70 715.75 72.71 759.85 495.85 37 729.15Tinplate 129.25 128.60 129.20 131.75 128.05 150.54 213.70 118.00 23 128.55Tips Ind 56.50 56.60 56.50 57.50 56.50 1.91 95.80 55.25 28 56.40Tita.Wag [2] 54.40 53.15 54.85 55.40 52.65 212.74 97.00 52.80 14 53.20TN News 177.35 174.85 178.25 178.50 174.20 12.69 348.00 166.35 9 175.00TN Petro 33.85 33.90 34.55 34.55 33.60 19.92 46.90 30.00 6 34.00Tokyo Pl 49.70 49.50 49.55 52.65 49.50 0.48 73.45 33.60 Tor.Phr [5] 1546.25 1549.40 1548.80 1560.00 1534.05 143.46 1964.00 1407.45 37 1549.80Tor.Pwr 299.15 296.15 299.10 303.70 292.55 1224.97 312.90 212.10 16 296.00Tou.Fin.Cor 80.40 70.25 80.35 81.45 69.65 1027.39 154.40 69.70 7 70.20TPL Plastech 127.05 128.60 125.45 132.90 125.45 2.18 375.00 110.00 9 128.50Trans.Corp [2] 291.10 290.60 287.15 296.55 287.15 9.68 375.70 232.20 18 290.40Transwarnt 5.70 5.80 5.50 5.85 5.50 5.46 9.05 3.57 5.75Tree Hse 4.85 4.95 4.80 5.00 4.80 16.41 9.30 3.33 4.81TrejharaSolu 16.35 15.95 16.50 17.30 15.65 2.64 69.90 15.05 Trent [1] 441.90 435.00 440.30 449.80 431.30 706.95 464.35 313.00 112 434.90TRF 108.00 112.85 109.00 114.30 107.50 36.04 223.00 94.00 113.15Trib Bhimji 42.15 41.85 42.00 43.70 41.10 33.35 97.00 35.05 18 42.10Trident 59.55 59.60 59.50 60.30 59.30 243.07 75.60 52.20 8 59.55Trigyn 58.50 57.55 59.80 60.00 57.15 34.76 137.90 51.00 34 57.40TRIL [1] 10.90 10.85 10.30 12.00 10.30 37.80 26.25 9.35 10.75Triv.Eng [1] 64.90 63.70 63.65 65.40 62.80 220.49 78.40 34.05 8 63.70Triv.Tur [1] 102.95 102.25 102.45 106.80 101.55 15.45 129.50 94.00 38 101.95TT 44.15 43.40 43.05 46.00 42.60 0.77 96.00 43.05 45.65TTK Prst 6582.90 6424.75 6570.00 6580.00 6400.00 1.97 7741.64 4583.32 47 6431.60TTKHealtcare 586.85 590.70 586.90 604.80 575.00 22.20 1148.30 576.55 34 589.40TubeInvIndia 383.00 384.90 380.55 387.00 380.55 19.84 434.00 222.30 TV Today [5] 273.55 278.85 271.60 280.00 271.60 22.07 467.00 237.20 13 278.75TV Vision 2.25 2.35 2.15 2.35 2.15 0.73 7.35 2.25 2.49TV18 Br [2] 22.90 22.45 23.00 23.10 22.20 1095.34 51.60 21.70 22.40TVS Elec 160.85 157.25 161.90 162.85 155.25 45.33 401.75 143.00 32 157.40TVS Mot [1] 427.05 417.70 424.40 427.40 410.60 1247.87 604.00 404.90 30 417.70TVS Sri 1838.35 1898.55 1830.00 1910.00 1830.00 3.31 3159.85 1766.00 14 1899.80
U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .UB [1] 1350.90 1352.70 1351.00 1365.05 1348.20 184.39 1493.75 1029.60 64 1352.50Ucal Fuel 138.00 139.45 137.90 140.00 136.70 5.41 255.00 135.00 8 138.60Uco Bk 18.90 18.95 19.10 19.30 18.70 316.35 23.40 15.30 18.95Ufl��ex 232.60 228.20 233.00 234.60 227.50 53.25 354.60 181.00 31 228.15UFO Moviez 180.40 179.90 180.50 183.60 179.05 11.42 396.00 162.30 14 180.05Ugar Sug [1] 14.25 13.90 14.20 14.20 13.70 71.11 20.85 11.08 13.96Ujaas [1] 5.65 5.75 5.80 6.10 5.70 79.26 13.31 4.90 5.72UjivanFinSer 284.20 277.40 284.00 288.40 274.30 1879.91 406.20 166.80 156 277.45UmangDair [5] 49.30 50.05 48.55 50.45 48.55 9.26 92.40 44.05 22 49.35Unichm Lab [2] 172.25 174.05 171.30 174.70 171.30 29.55 249.80 169.35 68 173.85Union Bk 78.15 77.05 79.40 79.40 76.35 9697.66 100.30 61.40 77.00Uniph.Ent [2] 84.40 83.50 83.85 85.30 81.05 1.68 131.60 74.00 28 84.70Unitd.Bk 10.10 10.10 10.20 10.30 10.10 130.46 13.25 9.05 10.13Unitech [2] 1.15 1.15 1.15 1.20 1.10 1808.06 4.48 0.96 1.14United Nil 299.60 297.00 296.00 298.00 296.00 0.11 538.40 271.95 United Spr [2] 568.90 560.45 570.00 574.85 554.20 953.56 680.00 439.00 60 560.70Univ.Cab 193.95 193.25 192.00 199.80 191.60 25.24 349.00 132.00 10 194.00UrjaGlobal [1] 2.20 2.20 2.20 2.20 2.15 422.72 4.99 1.60 2.15Usha M Ed [1] 1.60 1.55 1.55 1.55 1.55 0.50 2.10 0.80 Usha Mar [1] 29.45 29.30 29.50 29.75 29.15 52.19 45.70 23.60 17 29.40Utm.G.Stl 9.25 9.20 9.50 9.50 9.00 25.10 12.82 7.31 9.12Utm.Sug 112.00 113.10 112.55 113.90 111.15 29.26 163.80 61.50 7 112.80Uttam Value [1] 0.10 0.05 0.10 0.10 0.05 789.41 0.19 0.19 0.19
V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .V Mart 2091.70 2103.45 2091.75 2129.00 2075.00 3.75 3298.00 1874.00 57 2102.55V2 Retail 171.65 168.05 171.60 172.00 165.30 10.21 469.00 146.80 28 168.55VA T Wab [2] 313.95 306.40 311.70 317.40 304.10 96.36 413.45 243.45 16 306.35Vadilal 518.45 515.70 514.50 523.85 510.20 4.78 811.00 400.00 10 517.85VadivrSpeChe 79.50 77.65 79.00 80.00 77.50 0.76 156.00 67.50 Vaibhav 841.65 842.00 847.05 849.00 832.50 9.80 885.05 573.30 88 840.55Vakrang [1] 35.90 36.80 36.05 37.35 35.65 4855.34 73.30 22.35 36.70Vard Text 1040.05 1039.95 1048.85 1056.20 1037.00 4.43 1241.95 922.00 9 1040.60Vard.Acry 40.30 41.15 40.05 41.25 40.05 5.81 236.45 132.15 10 199.05Vard.Hld 1858.95 1889.55 1860.05 1893.95 1836.00 0.16 3084.30 1831.00 20 Vard.SPC 84.00 83.00 86.95 87.35 82.10 5.79 142.20 73.05 13 83.30VarrocEngg 465.20 459.70 469.95 469.95 458.00 34.92 1178.70 425.75 VarunBevera 965.15 953.55 969.00 971.00 945.10 34.17 975.00 670.10 49 956.10Vascon 14.85 14.35 14.90 14.90 14.05 151.72 32.60 12.35 14.40Vaswani 7.95 7.90 8.00 8.05 7.70 3.18 15.40 7.32 8.00Venky's 1602.90 1576.85 1604.00 1616.00 1564.95 37.56 3440.00 1455.00 13 1575.10VenusRem 23.35 22.80 24.45 24.45 22.25 4.03 67.90 22.00 22.30Vesuvius 1099.05 1089.35 1105.50 1105.50 1072.40 10.24 1325.00 973.00 25 1091.45Veto Switch 67.65 66.20 68.50 68.50 65.30 7.26 184.00 50.00 14 65.40VGuard [1] 238.25 231.50 238.00 239.50 228.10 490.82 252.00 159.10 60 231.65VidhiSpclIng [1] 64.40 63.55 64.55 65.00 62.80 6.59 92.00 62.60 11 63.55Viji Finance [1] 0.50 0.55 0.45 0.55 0.45 106.55 5.49 0.53 0.56
VikasEcoTec [1] 5.60 5.65 5.40 5.80 5.35 954.80 19.64 5.31 5.67VikasMultCor 2.70 2.70 2.85 2.85 2.55 229.59 4.95 2.10 Vimta Lab [2] 170.20 169.75 177.50 177.50 169.00 14.48 341.00 150.25 15 171.25Vinati Org [2] 2112.75 2082.00 2118.95 2138.95 2060.35 43.72 2277.00 909.05 38 2083.95Vindh.Tel 1155.90 1158.10 1155.00 1232.05 1154.00 7.59 2047.95 910.00 8 1158.50Vinyl Chm [1] 68.40 70.80 66.35 71.80 66.35 16.83 114.00 62.55 15 70.70VIP Ind [2] 443.85 425.05 445.60 445.60 422.00 190.94 645.05 374.55 47 424.95VIPClothing [2] 15.95 15.55 15.95 15.95 15.50 33.12 60.40 10.50 15.60Vipul Ltd [1] 41.20 41.95 41.50 42.75 40.65 81.00 57.65 28.40 40.90Visa Stl 5.80 5.85 6.30 6.35 5.65 6.35 15.45 5.40 5.67Visak.Ind 362.00 361.15 361.00 364.95 356.55 4.77 635.00 326.45 8 360.60Visesh.Inf [1] 0.05 0.05 0.10 0.10 0.05 442.87 0.23 0.19 0.19Vishnu Chemi 114.50 118.90 117.95 124.50 115.25 4.17 294.80 112.00 12 119.95Vivi Lab [2] 15.50 15.80 15.50 15.95 15.00 54.61 75.80 13.95 15.80VLS Fin 52.30 51.40 52.10 52.85 51.10 12.64 88.20 42.80 9 51.60Voltamp 1083.15 1110.25 1084.00 1125.00 1079.60 5.40 1271.25 735.00 13 1109.90Voltas [1] 596.35 591.30 600.30 601.05 589.10 1255.60 662.15 471.00 44 590.85VRL Logistic 268.45 269.10 266.55 270.00 266.50 18.43 378.90 238.00 26 268.50VST Ind 3273.30 3293.00 3270.00 3300.00 3246.30 0.37 3838.00 2470.00 22 3285.10VST Til 1259.35 1221.75 1259.75 1287.90 1195.00 2.21 2409.95 1096.00 23 1219.70
W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wabco Ind [5] 6160.70 6155.05 6164.95 6164.95 6126.05 0.65 7444.45 5798.40 41 6159.90Walch.Ind [2] 79.25 77.70 79.00 80.45 77.10 187.03 150.90 75.65 77.65Webel SL 25.75 24.90 26.80 26.80 24.70 32.79 53.60 19.00 24.95Weiz.Fx 467.20 462.75 540.00 540.00 433.45 0.33 686.30 335.15 456.60Weizman 31.65 31.65 33.50 33.50 31.25 0.27 82.65 29.30 6 Wels.Corp [5] 139.70 137.20 138.65 140.40 136.50 220.19 186.90 89.30 137.30Wels.India [1] 55.05 56.00 54.50 56.15 54.10 649.56 78.20 46.25 18 55.90Wels.Inv 163.40 163.85 158.55 169.90 157.10 0.06 183.45 130.00 106 165.00Welspun Ent. 118.25 117.90 116.15 119.75 110.25 318.21 179.00 88.20 12 118.00Wendt 2487.05 2530.30 2462.00 2550.05 2462.00 0.12 4013.85 2460.00 37 2523.90West C Pap [2] 235.45 237.40 232.20 239.00 232.20 31.73 414.55 216.05 5 237.10Wheels Ind 810.05 798.95 811.95 811.95 795.20 0.41 1198.00 741.00 25 Whirlpool 1550.65 1560.30 1569.00 1583.05 1544.45 9.34 1858.85 1263.40 49 1555.35Wil.Magor 19.50 19.55 20.35 20.35 19.00 2.09 91.40 19.05 1 19.50Win.Diamond[2] 20.00 19.90 19.95 20.30 19.45 20.23 107.95 17.65 19.80Wockhardt [5] 360.25 355.65 359.50 359.50 352.10 487.66 691.30 318.95 355.25WonderlaHoli 271.90 268.70 270.45 274.30 266.55 8.75 374.90 259.75 27 270.00
X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Xchang 52.10 52.05 52.80 53.20 51.30 9.41 65.00 33.60 35 52.15XelpmocD&T 66.85 65.00 63.00 67.00 63.00 6.98 101.70 55.00 Xpro India 34.50 32.70 34.00 34.30 31.65 3.38 55.05 30.20 23 32.65Zee Learn [1] 23.40 22.80 23.45 23.55 22.75 94.18 42.00 21.15 12 22.75Zee Med [1] 12.40 12.00 12.35 12.35 11.90 387.25 32.40 10.31 11.93Zen Exp 45.40 46.00 47.60 47.60 43.80 2.42 110.00 33.90 Zen Tech. [1] 70.30 68.55 70.45 70.60 68.00 6.42 94.75 53.00 28 69.20ZensarTec [2] 250.20 250.65 250.00 255.00 242.80 34.43 352.40 196.20 22 250.75Zod.Clo 230.00 228.60 230.05 235.00 228.00 1.31 287.00 128.70 Zod.Jrd 31.30 32.80 33.00 33.00 30.60 0.08 64.25 29.05 11 33.00Zuari Ag 132.80 130.65 131.70 137.45 128.80 39.08 369.00 129.30 130.90Zuari Glo 86.65 85.40 87.85 88.25 85.00 13.33 139.80 83.00 6 85.80ZydusWel 1332.95 1356.35 1349.70 1365.00 1338.20 28.48 1830.00 1085.00 95 1357.45
Exchange Traded Funds
Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl
Axis Gold [100] 2975.20 2999.10 0.10 3069.99 2562.05 3030.00AXISAMC AXISNIFTY 1189.48 1181.67 0.07 1434.34 1011.00 Bank BeEs 3123.34 3112.42 6.21 3231.80 2466.30 3106.10Birla Gold 3117.10 3174.95 0.01 3795.05 2712.00 Birla Nifty [100] 125.00 124.70 0.52 3264.95 2715.00 BIRLASLAMC ABSLNN50ET 268.00 268.10 0.90 338.05 250.10 Canara Gold [100] 3175.00 3149.00 2.11 3210.00 2776.00 3140.00ConsConstCon 87.37 87.49 0.89 107.80 72.30 DSPBRAMC QUIDETF 1000.00 1000.00 3.39 1000.04 926.70 Gold BeEs [100] 3002.20 3016.20 5.80 3049.00 2605.50 3017.21Goldmanamc CPSEETF 26.33 26.17 464.84 28.83 20.25 26.22HangSengBees 3000.00 2950.18 0.32 3576.00 2800.00 2910.00HDFC Gold [100] 3092.60 3110.05 1.03 3164.00 2681.00 3110.00HDFCAmcNift [100] 1210.36 1204.46 1.33 1354.00 1043.16 1202.92HDFCAmcSens 4076.73 4078.06 0.09 4772.11 3490.86 IBULLSAMC IBMFNIFTY 114.99 114.00 0.07 140.00 100.58 ICICIPRAMC BHARATIWIN 37.72 37.31 151.00 39.90 32.10 ICICIPRAMC ICICI500 152.23 151.18 0.41 181.60 132.00 ICICIPRAMC ICICILIQ 1000.00 1000.00 20.97 1011.00 810.90 ICICIPRAMC ICICINXT50 27.22 26.95 67.14 320.00 25.31 ICICIPRNIFLWVL30ETF 30.65 30.65 7.54 292.10 24.50 ICICIPRNIFLWVL30ETF 64.55 64.51 50.52 79.00 56.70 ICICIPRUDENTIALNV20ETF 54.64 54.21 10.27 68.50 46.00 ICICIPRUDNIFTY100ETF 124.30 123.70 3.03 140.00 104.00 ICICIPRUDNIFTYETF 121.36 120.50 70.66 126.47 95.00 ICICIPRUDSENSEXETF 410.73 409.69 1.12 503.00 335.95 IDBI Gold [100] 3110.20 3179.90 3.63 3264.95 2715.00 IDFCAMC IDFNIFTYET 119.00 118.52 0.10 134.50 86.00 Infra BeEs 336.73 336.12 0.15 1231.00 1016.00 1176.00InvesIndGold [100] 3213.00 3084.70 0.02 3350.00 2616.60 InvesInNifty 1190.01 1237.25 0.00 1440.95 952.20 Kotak Nifty [5] 119.39 119.00 82.06 1555.45 1002.30 1475.60Kotak PSU Bk 310.19 309.57 1.88 360.00 255.00 310.00KOTAKMAMCKOTKBKETF 312.98 312.19 37.18 368.00 240.00 KOTAKMAMCKTNV20ETF 55.85 55.56 43.24 69.00 43.25 Kotal Gold 297.45 297.95 4.28 301.00 254.60 297.02LICNAMC CNFENGP 119.10 118.05 0.02 147.00 102.70 120.40LICNAMC CNFESGP 462.00 438.00 0.00 501.93 338.80 LICNAMC CNMFET 19.58 19.98 0.54 22.99 13.93 Liquid BeEs [1000] 1000.00 1000.00 963.17 1004.89 998.55 1000.01MIRAEAMC MAN50ETF 116.00 115.77 5.22 131.00 90.73 MostGold 17.90 17.76 24.80 22.50 16.76 17.76MostM50 [7] 112.22 111.34 0.31 125.53 99.01 116.03MostM50 530.38 531.91 15.76 655.89 410.00 525.79NiftyBeEs 1218.04 1213.52 44.80 1274.99 1045.90 1212.50NiftyJrBeEs [1] 277.73 275.53 57.49 323.40 258.01 276.35PSU Bk BeEs 346.56 342.88 1.66 381.70 285.00 345.01Qgold [100] 1494.65 1499.80 0.17 1516.00 1300.00 1498.00Qnifty 1177.00 1176.00 0.01 1231.00 1016.00 1176.00RELCAPAMC RELCONS 49.30 48.82 1.70 61.00 40.10 RELCAPAMC RELDIVOPP 29.38 29.39 0.16 35.00 27.39 RELCAPAMC RELNV20 560.20 556.52 1.13 690.00 465.00 RELCAPAMC RETFMID150 61.56 61.03 184.41 75.70 56.50 RELCAPAMC RRSLGETF 19.78 19.81 39.31 20.40 14.20 RelCNX100 119.50 118.90 1.43 130.00 100.00 117.67SBIAMC SBIETFQLTY 92.66 92.18 1.59 113.00 88.60 SBIAMC SETF10GILT 183.00 183.25 0.14 212.18 150.00 SBIETF Gold 3040.35 3056.25 2.12 3434.00 2641.10 SBIETF NIFTY 50 118.31 118.03 86.44 125.00 98.30 SBIETF NIFTY BANK 309.80 309.78 215.62 323.00 243.91 SBIETFNN50 275.69 274.50 9.86 345.00 250.00 Sharia BeEs 248.10 243.56 0.17 295.00 216.00 241.29UTI Gold [100] 3045.15 3035.45 0.49 3075.00 2610.25 3031.54UTIAMC UTINEXT50 276.00 276.00 0.30 329.00 255.20 UTIAMC UTINIFT 1217.75 1213.00 1.86 1404.00 1038.90 UTIAMC UTISENS 407.42 409.06 0.75 471.45 340.00 UTIAMC UTISXN50 332.50 330.00 0.01 405.00 300.20
*: Closing price is the average of trade price(s) for the last half an hour;52Week High/Low fi��gurespertain to BSE.
Shares of face value other than ₹��10 is indicated in brackets immediately following the name of thecompany.
Qty (No of shares traded) is denoted in thousands.
The PE(priceearnings multiple) of each stock is based on the latest declared earnings.
The PE computation takes into account the per share earnings of each company for the latest 12months.
BSE Stocks
A.K.Capital 303.30 302.55A.Sarabhai 12.77 12.78Aail [5] 27.00 28.55Aanchalisp 12.50 12.50Aarey Drugs 18.80 17.60Aayush 20.25 20.25Abansent 46.90 46.00Abc Gas Int 12.50 12.49Abc India 55.10 55.00Abhiinfra 3.70 3.88AbmKnowled[5] 53.20 53.60Abslrif6rg 7.54 7.80Accel [2] 7.30 7.00Ace Software 20.55 20.45Acknit Ind 82.30 82.10Acrycil Ltd. [2] 95.60 97.40Adcindia 214.75 204.30Aditya Spin. 3.85 3.85Ador Fontech[2] 104.85 103.55Afel 3.99 3.96Agio Paper 2.56 2.50Aimco Pesti. 114.05 116.00Ajanta Soya 23.40 22.35Ajcon Global 28.90 28.85Ajil 22.40 22.00Akashdeep 39.00 40.95Akspintex 22.50 23.60Alexander 14.80 14.95Alps Motor [1] 0.47 0.45Alu Fluoride 119.25 115.25Amal Product 145.90 143.15Amarsec 21.15 20.20Ambition 12.70 12.70Amco India L 17.60 16.75Amines&Plast [2] 29.40 30.45Amintan [1] 1.13 1.18Amrapali Ind [5] 3.74 3.92Amrit Corp 525.00 550.95Andhra Petro 51.10 50.60Andrew Yule [2] 16.15 15.85Anjani Synt. 12.80 12.74Anka India 22.90 22.00Ansal Build. 27.00 28.40Anuh Pharma[5] 131.70 127.75Anup 475.65 476.00Aplaya [1] 0.75 0.77Apm Indus. [2] 21.85 19.20Apollopipes 396.05 381.20Apollotri [2] 187.45 190.95Apple Financ 1.41 1.41Arcfi��n 1.22 1.24Architorg 9.50 9.03Arealty [2] 1.17 1.17Arfi��n 85.20 89.20Arihant Cap. [5] 52.25 51.50Arnold Hold [2] 6.30 6.45Artefact Pr 26.55 27.85Artson Eng [1] 44.10 42.65Arvindfasn [4] 676.40 670.15Aryavan 23.50 23.55Ashari 15.70 15.85Ashfl�� 53.00 54.30Ashikacr 37.00 37.45Ashirwa Cap [1] 3.19 3.29Ashish Poly. 6.86 6.52Ashni 3.47 3.30Ashnoor Tex. 15.60 16.25AshokAlco 32.70 32.55Asian Oilfi��e 83.10 83.15Asiil [1] 13.31 13.05Asit C Fin 36.05 36.75Asm Technolo 109.00 105.00Asso.Alcohol 168.35 169.15Asyainfo 5.71 5.99Asyl 20.30 24.25Athenaglo 40.00 39.25Atishay 61.00 61.00Atv Projects 3.45 3.32Aundefaze 16.25 17.05Auro Lab. 54.50 54.00Austin Engg. 47.25 47.05Avantel Ltd 228.00 229.05Avonmore 13.60 13.60Axonvl 0.90 0.92Axtel Indus. 122.00 125.00B.N.Rathi Se 20.00 20.95B2b Soft. 4.56 4.35Baba Arts [1] 3.24 3.45Bagadia Colo 10.11 10.61Baid Leasing 66.90 65.00Bajaj Steel 212.60 204.10Bajajhcare 201.55 199.50Balasore [5] 14.40 14.40Balmer La.In 439.10 439.85Balurghat Te 4.70 4.50
Bambino Agro 153.75 153.45Banas Fin. 5.43 5.70Baroda Extr. [1] 0.28 0.29Basant Agro [1] 3.35 3.25Bcc Fuba 12.50 13.00Bclenterpr 21.30 20.50Bclil 84.40 83.90Bcp Ltd [2] 45.35 44.50Bdh Indus. 58.80 61.60Beekay 276.00 289.95Bemco Hydrau 134.45 127.75Benares Hot 1452.95 1464.50Bengal Tea & 35.00 35.00Bengla& Asm 1566.65 1575.00Beryl Drugs 6.16 6.46Betex India 23.95 22.80Bgil Fl Tec 1.71 1.64Bh.Immun&Bio 7.25 7.45Bhagira.Chem 465.05 459.90Bhagwati Oxy 12.07 12.67Bharat Bhush 18.50 18.40Bharat Seats [2] 65.50 65.95Bharatagri 109.15 110.85Bhilwra Tec [1] 5.64 5.96Bhoruka Alu. 0.80 0.84Bihar Sponge 0.82 0.86Bilcare Ltd. 22.50 22.95Bindalagro 12.52 12.48Binny Ltd. [5] 108.00 108.00Binny Mills 42.95 40.85Biogrpaper 4.75 4.28Birla Pretec [2] 8.84 8.67Bla Ros Ind [1] 54.00 53.85Bloom Dekor 12.60 12.00Bmw [1] 23.00 25.10Bnaltd 127.00 134.00Bnk Capital 89.00 86.25Bnl 8.93 8.93Bodhtree 40.60 40.70Bom.Cycle 2693.95 2560.00Brawn Bio 30.95 30.55Bslrifs2rg 12.05 13.25Btsyn [1] 9.70 9.70Calcom Visio 19.25 19.25Camex Ltd 31.70 30.70Camsonbio 11.79 12.02Caprihans 51.35 49.05Caprola.Chem 9.50 9.50Captain Poly [2] 26.30 25.65Ccl Inter 8.50 8.50Ceejay Finan 105.00 105.00Ceeta Ind. [1] 4.43 4.43Cenlub Indus 76.50 76.50Cescventure 449.95 444.70CgVak Softw 36.00 38.00Chalet 299.15 294.60Chamanl Se [2] 51.00 50.95Chandnimach 5.80 5.51Chandra Prab 36.00 35.30Charterlogis [1] 4.62 4.55Chd Dev Ltd [2] 3.12 3.16Chemb Chm [5] 263.05 264.95Cheviot Co. 578.25 588.85Choice Int. 49.00 53.00Chordia Food 147.85 146.80Cifl�� 129.90 129.75Cindrella Ht 24.60 24.60Cj Gelatin 8.07 8.47Ckfsl 3.70 3.52Cmi Fpe 1051.75 1050.00Coast Corp 255.00 253.90Cochin Min. 158.10 160.00Com Fincap 7.50 7.45Comfort Com 2.00 1.80Comfort Inte 5.21 5.26Commex Tec[2] 0.31 0.31Comsyn 52.00 51.55Conart Eng. 27.95 29.00Confi�� Petro [1] 34.75 35.15Confi��nt 0.69 0.70Coral Lab. 200.00 205.00Corpor Cour 12.31 12.50Cosco India 115.00 113.10Cosmo Ferr. 11.37 11.89Cosyn 31.25 30.70Cranex Ltd. 12.80 13.35Creative 369.95 351.50Crowntours 22.95 22.70Cslfi��nance 300.00 296.45Ctl [1] 3.90 3.90Cybele Ind 5.85 5.74Cybermate [2] 1.90 1.94DaiIchi Kar 239.70 234.85Daikaffil Ch 29.05 31.60Dalal St Inv 206.50 202.40
Dalbharat [2] 994.10 992.55Danlaw Tech. 78.40 80.50Danube 8.90 8.54Darjeeling 94.35 95.75Darshanorna 39.50 39.95Deccangold [1] 22.45 21.50Deepak Spinn 84.00 82.95Delton Cable 18.30 18.55Denis Chem 47.00 46.00Dgcontent [2] 12.50 11.84Dhabriya 50.95 51.80Dhampure Sgr 11.17 11.17Dhan Roto Sp 24.80 23.60Dhanadacol [1] 1.81 1.72Dhanlxmi Fab 23.65 24.80Dhanvarsha 59.05 59.00Dharamsi Chm 153.15 143.95Dhindia 19.35 17.90Dhoot I.Fin. 28.00 26.20Dhp India Lt 574.65 573.20Diamines&Chm 129.85 126.50Diana Tea Co [5] 10.52 10.39Dil Ltd [5] 811.75 808.00Dion 3.24 3.40Disa India 5409.00 5400.00Divinus 24.10 24.10Dolat Inv. [1] 43.20 45.35Dolphin Medi 1.12 1.12Dr.Agar.Eye 255.00 267.75Duke Offshor 18.05 18.10Duroply 72.25 69.00Dutron Poly. 139.60 132.65Dynamic Ind. 73.00 73.00Dynavision 47.00 49.00Eastern Tred 36.00 37.80Eastwest 113.75 111.75Eco Board In 2.05 2.05Ecoreco 36.35 37.30Ecs 4.09 4.25Elantas 2048.00 2060.00Eldeco Hous. 1750.00 1706.75Elegant Marb 180.00 171.00Elpro Inter [1] 49.55 48.75EmamiPaper [2] 83.15 82.60Emerald 12.30 11.69Eml 0.95 0.95Emmessar Bio 13.77 14.45Empire Ind. 749.80 745.85Empower [1] 0.19 0.19Enkei Wheel [5] 389.00 387.00Envain Elect 36.90 36.90Epsom Pro 6.80 7.14Esaar (I)Ltd 1.69 1.66Escort Finan 3.02 3.15Essar Secu 1.20 1.20Etil 8.94 9.38Everest Org. 150.40 142.05Everlon Syn. 14.22 14.25Expo Gas [4] 3.99 4.05Facor Alloys [1] 1.24 1.25Faze Three L 40.25 41.00Ferro Alloys [1] 3.13 3.17Fiberwb In 16.55 16.90Filat Fash [5] 2.59 2.50Fineline Ci 12.64 13.24Fivecore [2] 1.04 1.03Fivextrade 0.51 0.49Flex Foods 61.50 61.10Fluidomat 98.30 97.00Foods & Inns [1] 50.50 50.20Forbes & Co 1805.15 1758.95Force Motr 1323.20 1295.35Fortis Mlr 52.85 52.50Franklinind 15.25 15.00Fraser 8.20 8.30Fredun 391.45 393.30Freshtrop Fr 114.40 114.50Front Sec [5] 33.15 31.90Frontier Spr 208.55 207.55GTech Info. [1] 0.84 0.88G.G.Dandekar [1] 49.90 51.90G.S.Auto Int [5] 3.85 4.00G.V.Films [1] 0.41 0.38Gajra Bevel 0.50 0.48Galaxy Bear. 162.10 164.10Ganesh Benz[1] 36.55 35.65Garnet Const 8.23 8.50Garnet Intl 25.00 26.00Garware Poly 231.00 227.10Gayatri Sugr 2.33 2.30Gbfl�� 1.20 1.22Gblil 5.99 5.88Gckl 29.60 30.10Gee Ltd [2] 24.00 26.00Geetanj 1.70 1.78
Gencon [5] 108.75 108.65Generaagri 5.75 5.47Gennex Lab [1] 3.25 3.33Genpharma [1] 13.34 14.00Ggpl [5] 69.25 69.05Gmetcoal [100] 10.51 10.52Gmlm 151.00 148.00Godavari Dru 22.50 22.85Gold Line [1] 3.10 3.00Goldcorp 89.00 89.00Golden Lamin 630.65 600.00Goodricke 192.70 187.80Goodyear (I) 949.05 933.50Gopala Poly. 28.55 26.75Goyal Asso. [1] 1.98 2.06Gpl 337.00 353.00Gradiente 1.60 1.63Graue& Weil [1] 48.05 48.05Greencrest [1] 0.97 0.98Greycells 29.40 27.95Gromotrade 452.70 452.55Guj.Borosil [5] 73.80 72.45Guj.Hotels 104.00 104.00Guj.Intrux 76.50 76.00Guj.Petro 14.00 13.30Guj.Themis. [5] 36.95 37.85Gujaratpoly 23.45 22.70H.S.(I) Ltd. 7.74 7.36Haldyn Glass [1] 28.25 28.65Hardcastle 216.00 226.00Haria Apl 2.22 2.11Haria Export 1.31 1.25Harish 38.50 36.80Hawaeng 25.00 24.45Hawkins Cook 2933.45 2873.40Hb Estate De 11.71 11.74Hb Portfolio 18.10 17.60Heof1126rg 9.99 10.00Hfi��l 7.50 7.53Hhof1140rd 8.95 8.70Hhof1140rg 8.91 8.88High Energy 177.05 182.00Him.Fibres [1] 2.17 2.07Himtek [2] 54.30 55.30Hind Alumin 51.10 53.45Hind.Fluroca 10.44 10.44Hind.Foods 426.70 419.05Hind.Tin Wrk 50.80 51.90Hind.Wir Ltd 40.25 38.55Hindu.Adhesi 75.60 74.65Hindustn Bio 0.94 0.98Hitechwind 11.01 10.93Huil 615.00 610.00Icici500 151.50 155.00Icicimcap 64.19 64.77Icicinv20 54.80 53.99Icicisensx 410.50 410.00Iisl 14.99 15.10Imcap 23.50 23.90Incap Ltd. 28.15 29.55Ind Cem Cap 3.11 2.96Ind.Acrylics 11.84 13.02Ind.Bank Hsg 31.85 31.55Ind.Toners 124.75 121.70IndagRubber[2] 82.00 82.30India Gelat. 99.00 96.20India Home 67.60 65.70India Niveh [1] 65.30 65.30Indiamart 1327.45 1324.90Indian Info. [1] 0.19 0.19Indian Sucro 19.00 18.65Indicap 31.40 31.00Indo Amines 76.70 77.15Indoboraxc 404.90 410.00Indokem Ltd. 9.30 8.85Indrenew 17.55 17.00Indsil Hyd 32.75 32.20Indus.&Prud. 862.25 935.00Indusfi��nl 12.00 11.50Inn.Tech.Pac [1] 17.25 17.10Inno Invest 6.94 6.60Insilco Ltd. 14.85 14.80Int.Conveyor [1] 28.00 28.00Int.Data Man 11.99 12.58Intec Cap 34.00 34.00Integ.Fin.Se 30.40 31.80Integra Eng [1] 42.70 42.45Intell Adv [1] 7.44 7.07Inter St.Oil 11.06 11.00Inter.Combus 234.60 233.15Inter.Travel 98.35 92.55Invest &Prec 188.30 188.90Invicta Med 4.11 4.13Ion Exchange 627.85 616.40Ipru3018 9.45 9.20
Ipru3019 8.82 8.40Ircon 389.15 389.15Isec [5] 216.05 219.25Isgec [1] 450.90 450.85Ishan Dyes 25.70 27.00Isl Consult [5] 10.15 10.15Ist Ltd. 670.65 660.65Istrnetwk [4] 2.06 2.06Isw Ltd [1] 0.74 0.74Itl Industrs 138.00 135.10Iwp [2] 66.00 66.10Jackson [1] 0.19 0.19Jagan Lamps 10.26 10.00Jagatjit Ind 32.75 32.50Jaibala Ind 26.00 25.25Jaipan Indus 13.19 13.50Jameswarren 105.50 107.10Jams Ran[1000] 1906.80 1815.00Jasch Indust 47.90 46.25Jatalia 3.60 3.53Jay Ushin 230.00 220.00Jaykay [1] 4.50 4.37Jayshri Chem 7.27 7.00Jaysn Dyest [1] 50.70 49.80Jct Ltd [2] 1.15 1.16Jenburkt Ph. 534.00 525.05Jetinfotran 35.25 37.00Jhaveri Cred 3.31 3.15Jindal Cap. 4.75 4.52Jindal Hotl 38.15 36.25Jiyaeco 73.45 72.40Jkagri Gen 637.45 647.05Joindre Capi 15.50 15.30Joonktollee 132.95 131.50Josts Eng. 630.00 622.40Jstl 23.95 22.90Jtl Infra 118.00 115.70Jumpnet [5] 56.60 57.25Jyoti Ltd. 7.35 7.71Jyoti Resins 163.15 171.30Kachchhmin 1.65 1.73Kaira Can Co 699.30 664.80Kallam [2] 10.53 10.41Kamadgiri 78.00 79.80Kamaholding 5091.35 4955.00Kanchi 265.00 261.45Kancotea 24.00 23.00Kanelind 1.14 1.09Kanpur Plast 85.05 89.80Kavita Fab 5.85 5.85Kavitind 43.80 43.75Kaycee Ind[100] 3251.00 3413.55Kcp Sugar In [1] 14.75 14.55Keerthi 49.00 49.00Keltech En. 675.00 665.05Kennametal 1112.75 1102.50Kerala Ayur 58.95 59.80Kesar Petro [1] 5.28 5.61Kg Denim 38.75 36.40Khaitan Che[1] 8.45 8.13Khod.India 59.40 62.00Kilburn Engg 26.70 25.10Kilpest (I) 98.30 95.60Kimiabl [1] 24.00 25.20Kinetic Eng. 45.65 47.25Kingsinfra 22.55 22.95Kirl.Ferrous [5] 85.45 85.65Kirlosar Pn [2] 180.05 178.25Kirloskar El 12.51 12.33Kisan Mould. 24.70 24.00Kkalpanaind [2] 18.55 18.50Kmc Shil [1] 11.02 11.12Kotak Sensex 397.33 395.00Kotaknifty 119.67 119.32Kothari Ferm 69.35 65.45Kpittech 96.50 92.60Kratosener 239.70 244.45Krettosys 9.40 9.70Krishna Ven 8.36 8.77Kriti Nutri [1] 21.90 21.15Krypton Ind 15.50 15.50Kuantum 383.05 375.70KulkPower [5] 59.20 67.00Kunststoffe 25.05 25.10Kuwer Inds. 3.36 3.52Lactose(I) 21.00 20.50Laffans Petr 13.78 13.15Lahl [5] 2.50 2.50Lahoti Over. [2] 13.65 13.52Lakshmi Elec 452.00 445.05Lakshmivilas 67.25 64.65Lancer 59.10 56.20Lancor Holds[2] 12.68 11.76Landmarc Lei[1] 0.40 0.40Lawreshwar 18.35 18.40
Lead Financ 5.20 5.00Licnetfsen 435.01 463.00Licnfnhgp 122.24 118.30Link Pharma 10.31 10.30Lippi System 9.04 8.62Lkp Fin 70.95 68.50Lkpsec [2] 7.13 7.00Llfi��cl 99.00 98.90Lloyds Met E [1] 8.97 8.55Lohia Securi 38.00 38.00Lords Chloro 36.85 35.50Lotus Choc 15.60 17.55Loy.Tex Mill 343.00 333.05Ludolow Jute 54.50 56.90Lws Knitwear 7.71 7.85Lykisltd 22.75 22.90M.M.Rubber [2] 51.00 53.40Mac Charles 329.50 335.55Machino Plas 102.50 99.00Madhus.Ind. [5] 16.00 16.00Madrasfert 22.95 23.35Mafatlal Ind 93.10 88.45Magna Electr 168.40 169.10Maha.Rubtech 37.90 38.80Mahaan Foods 14.50 13.80Mahepc 106.55 105.65Majestic Aut 155.30 148.45Makers Lab. 43.00 46.30Man50etf [100] 115.90 116.00Mancredit 50.70 51.25Mangalam In[1] 0.28 0.28Manorg 373.60 362.95Market Creat 4.62 4.85Maxheights 18.60 18.30Maximaa Sys[2] 2.50 2.50Maximus 48.95 49.95Mayukh 13.25 13.25Mcloud 29.10 29.20Medi Caps 18.40 18.50MediaMatrix [1] 4.37 4.25Medicamen Bi 421.25 421.65Medinova Dia 14.10 14.75Mefcom Capit 9.82 9.34Megrisoft 16.10 16.90Mel 8.51 8.09MenonPiston 1] 17.80 17.80Mescon 9.00 8.74Metal Coatin 27.90 29.20Metroglobl 63.00 55.55Mid India In 0.39 0.40Midinfra [1] 1.52 1.50Midval Ent 1.45 1.44Mil 99.90 100.00Milkfood 406.55 412.55Mishtann [1] 35.40 34.70Mitshi 37.30 37.20Miven Machin 6.26 6.26Mkexim 10.90 10.36Modella Wool 14.71 15.44Modern Dairi 3.77 3.60ModernIndia [2] 74.00 72.55Modex Int 47.00 47.25Modison Met[1] 41.00 41.10Monarch 29.80 28.00Monotype In[1] 0.19 0.19Morarka Fin. 18.00 18.90Morgan Cru 1340.00 1323.05Moschip [2] 16.75 16.70Mpl 5.79 5.51Msl 59.50 57.40Msr India [5] 9.00 8.96Mstc 99.45 98.70Mukesh Babu 90.25 93.50Mukta 10.00 10.00Mul 178.90 181.00Multibase I 176.00 167.95N.G.Ind.Ltd. 56.30 56.75N.R.Agarwal 203.00 194.85Nagpur Power 35.55 37.30Narbada 48.50 50.00Narmada Gel 153.95 148.00Nat.Peroxide 1866.40 1858.05Nat.Plastic 26.50 28.60Natfi��t 60.75 62.95Nath Pulp 61.00 62.00Natraj Prote 26.00 26.00Navkar Build 23.00 22.00Ncl Research [2] 0.31 0.31Neogen 340.95 346.45Nettlinx Ltd 32.75 30.95Newlight 36.45 37.00NglFine Chm [5] 508.60 502.75Nhcfoods 5.80 5.55Nicco Parks [1] 23.50 22.90Nihar Info 10.70 11.20
Nikhil Adhsv 159.00 152.00Nilaspaces [1] 2.22 2.11Nile Ltd. 252.90 254.50Niraj Cement 12.25 12.85Nirlon 201.50 201.05Nitta Gela 119.50 117.95Niyogin 58.15 59.85Norris Medi. 7.50 7.75Nova Iron&St 7.54 7.63Novartis [5] 652.20 644.95Npr Finance 16.90 16.20Ntc Indust 39.20 38.15Nutra [5] 7.90 7.94Oal [5] 203.25 201.65Obi Ltd 7.84 7.69Ocean Agro 19.15 18.40Octave 1.99 2.02Odyssey Tech 22.90 22.95Ok Play (I) 26.20 26.25Olympia Ind. 12.74 12.16Omkar Overse 0.53 0.55Ontic 5.40 5.48Oone 1.82 1.88Orient Trade [2] 3.99 3.80Oriental Ven [1] 62.45 58.55Orientelec [1] 158.80 157.45Oscar Global 4.71 4.93Osiajee 27.35 28.45Overseas Syn 4.01 4.21Ozoneworld 46.00 44.00P.G.Foils 69.00 70.05P.H.Capital 10.82 11.36Pacifi��c Ind. 118.00 120.00Padmaind 85.20 90.45Padmalaya Te 1.41 1.34Pana Energ 160.25 161.30Panafi��c [1] 0.36 0.35Pankajpiyus 43.40 41.25Panth 122.25 124.05Paragon Fin. 17.40 17.95Parle Softwr 20.70 20.30Parnaxlab 24.95 23.00Pas.Acrylon 15.50 15.60Pasari Spin 2.80 2.66Patel Airtem 89.70 89.60Paushak Ltd 2505.00 2506.45Pazel [1] 1.48 1.50Pbm Polytex 67.75 68.05Pcs Tech 7.18 6.83Pee Cee Cosm 93.70 98.25Pentamed.G [1] 0.25 0.26Perm Magnets 151.80 157.55Phoenix Int. 15.05 14.30Phoenix Tn 8.06 7.86Phytochem I. 28.90 28.75Piccadily Ag 6.76 7.00Piccadily Su 6.44 6.15Pion Invest 24.30 24.10Pix Trans 179.85 175.65Pmcfi��n [1] 0.34 0.35Pml 1378.00 1316.65Poel 34.65 32.10Polo Hotels 7.08 6.73Polson Ltd. [50] 9763.00 9401.45Polycab 611.10 613.70Polychem 320.00 336.00Poona Dal 24.50 24.95Porwal Auto 21.95 21.50Pqif 43.00 41.00Pradhin 74.65 70.95Prag Bosimi 2.65 2.75Pranav.Spin 16.00 16.80Precision El 30.00 31.50Prem Pipes [5] 8.37 8.53Prem Somani 3.35 3.31Premco Glob. 99.05 99.00Premier Syn. 11.78 12.01Prima Plasti 72.45 73.40Prime Prop [5] 19.00 17.85Prism Medi 30.00 29.00Pritikauto 122.50 120.00Priya Ltd. 17.50 16.65Pro Fin Cap. 23.30 22.85Provestser 5.63 5.74Ptcil 397.00 401.00Pun.Alkali 70.00 69.00Pvvinfra 24.65 24.45Pwasml 24.00 23.95Qfsl 0.21 0.21Quadrant [1] 0.20 0.19Quantum Dig. 1.19 1.24R R Finance. 10.97 10.43Raasi Refrac 5.04 4.80Raclgear 71.50 71.10Radhe Devlop 10.55 10.03
Radhey 17.40 18.00Radiocity [2] 57.05 57.40Radix Ind 83.20 83.30Rainbow Foun 15.65 16.40Raj Glo Wir 850.00 840.75Raj Packagin 20.90 21.90Rajkumar Frg 28.40 28.60Rajoo Engin. [1] 14.65 14.30Ram RatWire[5] 84.90 84.75Rama Paper 15.15 14.50Rama Phosph 68.60 67.30Rama Pulp 60.90 60.60Raminfo 37.85 37.00Rapicut Carb 39.40 39.55Rasandik Eng 77.25 81.00Rasi Electro [2] 3.68 3.54Rathi Bars 11.52 10.26Rathi Graph. 1.69 1.77Raunaqepc 38.90 38.15Ravalgaon [50] 2175.00 2170.00Rci Ind 68.05 66.75Rcl 31.00 29.45Rdb Rasayan 30.70 30.40Refnol Resin 23.45 24.45Regency 23.00 25.00Rel.Chemotx 65.00 64.00Relhome 12.85 12.22Reliab Ven 11.38 10.90Relsensex 363.95 397.50Reltd 34.00 32.25Remi Edel 17.55 17.25Resonance 43.50 45.65Respons Inf 10.24 10.24Restile Cer. 2.65 3.00Rexnord Ele. 27.00 27.35Riba Textils 59.75 60.10Richa Ind 1.15 1.17Ridhi Sidhi 292.50 294.00Risa Intl [2] 0.64 0.64Rishabh Digh 33.15 31.10Rishi Laser 20.30 21.00Rishiroop 49.00 48.50Rishitech 31.35 30.25Rmchem [1] 0.88 0.87Rmgalloy [6] 11.60 11.17Rnb Denims 23.00 24.50Rodium 116.40 115.80Roopa Indus 10.99 11.40Roto Pumps [2] 136.70 137.25Royale Manor 9.76 10.24Rrmetal 22.90 25.15Rts Power Co 39.35 39.50Rubfi��la Int. [5] 38.50 37.95Rungta Irrig 18.45 19.30Ruttonsha In 46.30 46.30Rvnl 26.65 26.15S.A.Enterpr. 3.72 3.54S.I.Paper 79.15 79.10S.R.Indus. 0.92 0.88Saboo Sodium 6.00 5.99Sacheta Met. 18.25 18.95Sadhana Nitr[5] 137.20 130.70Safari Ind. [2] 628.95 626.40Sagarprod [1] 7.01 7.00Sagarsoft 79.90 79.50Sahara Housg 32.65 31.15Sahya Indu 165.45 162.05Sahyogmult 48.00 48.90Saibaba 6.45 6.33Sainik Fin. 14.43 15.00SaintGobain 49.50 48.80Salauto 191.80 190.00Samkrg Pist. 125.60 126.25Samtex Fash.[2] 0.60 0.60Sandu Pharma 19.95 20.50Sandur Mang. 783.05 778.65Sangal Paper 96.95 100.95Sankhya Info 23.45 23.00Sappl 200.15 200.00Sarel 15.65 16.00Sat Ind Ltd [2] 35.75 35.05Satia 701.15 703.90Satprop Ltd [2] 0.79 0.79Sauras.Cem. 40.10 40.15Saven Techn[1] 17.00 15.05Sawaca Busi 1.08 1.03Sayajiind [5] 200.00 195.95Sbfl�� 4.44 4.44Sbisensex 409.99 408.53Scanp Geom [2] 22.95 22.10Scanstl 30.25 32.95Scbl 6.93 6.80Schablona (I [4] 14.90 14.20Sdl 23.45 22.30Seasons Fur. 1.40 1.36
Vivid Ind [5] 26.05 26.00Vivo Bio Tec 34.40 34.85Vkjinfra [1] 0.30 0.31Vms Industr 17.90 17.90Voith Paper 787.90 790.05Vxl Instrum. 4.61 4.55Walchand Pf 77.60 79.80Wall St.Fin. 28.50 26.35Warren Tea 46.00 47.75Waterbase 119.40 117.80Welcast 512.40 515.10Welcon [1] 6.03 5.73Wepsoln 19.60 18.45Westlife Dev [2] 298.50 301.35Whiteorg 9.89 10.36Wim Plast Lt 462.10 442.65Wimsome Text 22.00 20.95Winsome Brew 2.45 2.50Wintac Ltd 204.95 191.00Women Networ 3.14 3.25Worldwide Le 16.40 17.15Wpil Ltd. 848.60 846.00Yash Papers 43.95 44.00Yashchem 92.80 93.10Yuken India 611.90 623.80Zenith Fibre 50.80 53.90Zenith Healt [1] 1.90 1.85Zenlabs 40.00 43.35Zenotech 15.50 15.00Zf Steering 518.60 508.15Zimlab 122.35 116.85
Group T
Agiil 56.85 57.50Bellacasa 146.30 150.35Chemtech Ind 6.09 5.80Glosterltd 775.00 795.00Guj.Raffia 13.25 12.60Karnavati 28.50 29.00Kushal [2] 13.83 13.18Loyal 35.00 33.40Mah.Ras.Apex 79.10 83.00Narayani 50.80 50.80Ppl 76.75 80.55Ptil 427.50 427.95Ramgopal Pol 1.54 1.47Rudra 100.00 95.00Scooters Ind 27.00 26.20Seil 104.85 104.00Tejnaksh 79.00 75.05Umiya 9.00 9.45
Uni Off Auto 1.43 1.50Uni Royal In 10.50 9.98Unick 19.45 20.00Unison 53.75 53.00Unitech Inte 5.98 5.89United Drill 83.10 81.65Univ.Starch 47.25 49.60Unjha Formul 8.04 7.65Upasana Fin. 39.35 39.45Upsurge Inv. 12.70 12.65Ushdev Intnl [1] 0.24 0.25Utinext50 273.00 273.00Utiniftetf 1210.00 1220.00Utisensetf 407.50 409.00Utlinds [1] 7.81 7.42Uyfi��ncorp [5] 2.80 2.90Valiant Comm 25.00 25.40Valson Indus 23.45 24.65Vama Inds [2] 8.55 8.80Vapi Paper 17.75 17.50Varroc [1] 465.20 460.00Vbc Ferro 32.75 33.40Vbind 2.17 2.13Vedavaag 21.95 20.60Veejay Laksh 31.90 33.00Veer Energy 8.09 8.18Veerhealth 7.50 7.50Vegetable [1] 3.20 3.38Velan Hotels 3.02 3.18Veljan 751.00 733.50Vertex Sec. [2] 1.50 1.35Viaanindus [1] 4.73 4.75Victor Mil [100] 2250.00 2214.05Victory Papr 54.60 55.00Vijay Solvex 130.00 130.00Vijay Textil 23.70 23.70Vikas Wsp [1] 13.30 12.64Vikasmcorp [1] 2.67 2.82Vikasprop [1] 7.49 7.35Vikram Therm 88.05 86.60Vinyofl��ex Lt 22.95 21.85Vippy Spin. 39.50 39.00Vipulorg 157.65 158.90Virat Crane 26.50 24.80Virat Indus. 44.00 45.20Virgoglob [4] 1.71 1.63Virinchi 66.65 66.60Virtual Glo [1] 0.18 0.17Vishal [5] 345.00 344.00Visioncine [1] 0.97 1.01Vista Pharma[2] 13.90 13.85
Syschem (I) 8.02 8.25Systamatix C 48.75 51.00T & I Global 72.20 72.20Taalent 274.35 272.00Tahl 99.25 100.75Tai Indust. 14.00 14.40Talbroseng 104.25 102.40Talwgym 103.85 101.55Tamboli Cap 57.65 58.85Taneja Aero. [5] 27.35 26.50Tarai Foods 2.69 2.80Tata Yodogaw 38.00 36.10Tcfc Finance 25.45 27.75Tci Indus. 855.00 850.00Tcnsbrands [2] 764.30 750.80Tcpl Pack 325.00 318.80Technoe [2] 260.00 265.00Tejasnet 134.90 131.25Tgvsl 27.00 26.80Thacker [1] 135.40 128.65Tiger Logs 83.90 82.90Tiindia [1] 381.20 384.85Timex Group [1] 40.00 39.05Tinnarubr 21.50 22.55Tinnatfl�� 19.40 20.00Tirupati Sar [5] 8.19 7.95Tisl [1] 2.53 2.55Titan Biotec 35.05 34.75Titan Secur. 3.20 3.61Toyamind [1] 4.99 4.75Trans Financ 25.65 26.80Transcorp In [2] 17.90 18.45Transgene Bi 3.12 3.11Transpek 1390.55 1364.15Trescon 75.00 72.30Triton Valve 908.50 910.00Triveni Ent [1] 87.50 90.00Triveni Glas 6.25 6.50Ttil 1.20 1.14Tulip Star H 60.80 59.00Tuni Textile [1] 0.19 0.19Tuticorin. 3.50 3.67Tyche Inds 49.85 49.40Tyroon Tea 29.90 31.30Udaip Ceme [4] 12.90 13.00Udayjew 71.05 70.40Udl [2] 22.55 23.50Ugrocap 190.00 180.00Ultracab 48.70 48.80Ultramarine [2] 194.55 194.10Uni Abex 481.65 470.00
Seasons Text 6.70 6.85Setfsn50 318.59 320.52Seyaind 453.40 457.95Sfi��vl 7.50 7.60Sh.Hari Chem 20.65 21.65Sh.Karthik P [5] 4.96 5.15Sh.Rajes.Pap 6.80 6.70Sh.Steel Wir 12.00 11.40Sha Eng Pla 552.35 569.05Shailja 6.63 6.53Shalib.Finan 80.00 75.50Shalimar Wir[2] 9.01 8.67Shangar 43.95 42.55Shantanu She 0.70 0.67Sharat Indus 13.77 14.45Shervani Ind 517.85 510.00Shetron Ltd 24.90 23.75Shilp Gravur 83.40 83.75Shiv.Bimetal [2] 105.40 105.20ShivaCement[2] 12.60 12.42Shiva Fert. 24.40 23.30Shivalik [5] 241.70 241.90Shree Krishn 30.00 30.00Shreevat.Fin 6.80 6.46Shri Bajrang 17.90 18.65ShriJagdamb[1] 199.00 198.00Shriram Asse 165.30 162.55Shristinfra 169.90 171.55Shukraphar 55.25 52.50Sifl�� 10.00 10.50Sika Inter. 166.65 176.90SimmonMar [2] 59.00 57.60Simran Farms 50.20 51.55Sinclair Hot 315.80 310.65Singer India [2] 35.35 34.95Sintexplast [1] 6.29 6.28Sir Shadi La 33.00 32.65Skcil 60.20 60.25Smifs Capita 38.60 36.75Smruthiorg 141.00 146.50Smslife 406.70 401.10Snl Bearings 269.65 259.25Solara 434.35 436.50Solid Stone 41.65 39.60Solitair Mc 28.30 28.25Somdatt Fin 8.87 9.04Sonal 20.50 21.52Southbiotec 0.92 0.91Southernin 6.92 6.63Sparc System 4.88 4.64Spel Semicon 4.90 4.85Spencer [5] 89.35 85.90Spenta Int. 60.70 57.10Spicejet Ltd 117.25 119.60Srg Hfl�� 132.50 127.05Sri Digv Cem 14.93 15.01Sri Kpr Ind 20.00 20.00Sri Nachamai 14.50 13.78Srk Indus [5] 0.73 0.74Sspdl Ltd 29.50 29.50Starcom 95.00 91.00Starlite Com 12.40 12.45Starlog 18.70 17.20Std.Battery [1] 3.57 3.40Steel Exch 12.29 11.35Steelcast [5] 148.95 150.40Steelco Guj. 3.02 2.97Stovac Ind. 2051.20 1993.65Suditi Ind. 22.80 24.80Sukjit Strch 223.15 224.05Sulabh Eng. [1] 0.92 0.96Sumedha Fisc 17.75 17.70Sunil Health 31.90 30.35Super Crop. [2] 22.90 22.70SuperTanner [1] 2.32 2.26Surat Text. [1] 1.89 1.83Suryamba Sp 51.05 53.25Suyog Tele 456.15 452.65Sv Global [5] 39.15 41.10Svam Softwar 0.34 0.33Svaraj Trad 113.15 113.50Svartcorp [1] 3.40 3.60Svcind 1.80 1.83Svpglob 345.00 355.00Swadeshi Ind 0.63 0.60Swagruha [1] 5.25 5.29Swarnasa 9.30 9.75Swasti Vinay [1] 3.00 2.85Swastik Inv 56.20 57.60Switch.Tech. 50.65 48.50Sword &Shiel 6.84 6.97Sxetf 4100.00 4050.00Sybly Inds. 2.50 2.38Symbiox 0.67 0.64Synco Form. [1] 0.88 0.88
Rajsr.Sug 22.00 20.90RamgplPolytx 1.65 1.60Refex Ref 109.95 115.40Rohit Ferro 0.70 0.65Rollatainers [1] 1.75 1.70Ruchi Inff [1] 2.10 2.20SagardpAlloy 60.85 59.85SakarHealth 58.60 58.55Sang.Forg 18.90 18.10Sathv. Ispat 6.70 6.60Shek.Poly [1] 0.20 0.25Shiv.Global 9.60 10.05Shriram Pist 922.00 912.00Sita Shr Fd 0.40 0.40Smartlink [2] 95.85 94.50Som Dist & Brew 120.20 120.35SouthwestPin 23.30 23.00SpacenetEnt 1.20 1.15Spentex 0.80 0.75SpicMoblty [3] 8.80 8.50Std Inds [5] 15.00 15.00Sujana Mtl [5] 0.35 0.35Sujana Uni 0.20 0.15SunilHitec [1] 0.50 0.45Syncom 1.40 1.40Tara Jwl 0.90 0.90TataTel(Mah) 3.90 4.05ThePKTeaProd 134.90 131.40TheWestInPly 76.10 79.90Uniply [2] 64.70 65.60Vice.Htl 1.55 1.60Visagar [1] 0.35 0.35Wanbury 13.90 13.25WS Ind 0.70 0.70XL Energy 0.60 0.65Zen Bir 0.40 0.40Zicom 1.30 1.25
JetAirway(IND). 56.20 53.40JIK Ind 0.50 0.50Jind.Pho 25.35 24.10JITFInfraLog [2] 9.25 9.70Kaly.For 228.70 230.00Karuturi [1] 0.90 0.85Kernx.Mic 25.80 25.75Kesar Ent 41.55 39.70Khait.Elec 1.45 1.45LeelElectric 8.05 7.90LGB Forge [1] 4.00 3.80Magn.Ven 4.60 4.40MahaApexCorp 82.40 86.40MahamayStlIn 158.70 151.40MandhanaInd 9.55 10.00Mang.Timb 9.90 9.55Mask Invest 33.25 34.80McNally 2.75 2.65Mega Soft 7.00 6.85Melstar 1.55 1.55MetkoreAly [2] 0.45 0.40MIC Elec [2] 0.75 0.75Natl Stl 3.10 2.95NeueonTowers 0.70 0.70OCL Iron [1] 7.15 7.45OnelifeCapAd 6.65 6.50OrtinLabs 12.10 12.35Parab.Drg 1.00 0.95Parenteral 4.80 4.80Pearl Poly 13.35 13.50Petron Eng 6.70 6.70Pirmal.Phy 24.25 24.25PrakashPipes 76.85 80.55Premier 3.60 3.75ProznIntPro [2] 20.10 19.25Punj.Mohta 3.65 3.80Quintegra 1.15 1.10
Aarti Ind [5] 1672.80 1628.65AgroPhosInd 88.00 92.05Alchemist 1.20 1.20Alps Ind 0.80 0.80AnkitMet&Pow 0.45 0.45Antartica [1] 0.90 0.90ArrowGrnTech 78.00 74.10Assam Com [1] 1.45 1.40Atlas Cycle [5] 35.00 36.70ATN Intl [4] 0.05 0.05BafnaPharma 5.60 5.65BalaxiVent 65.85 69.10Barak Val 16.00 15.80Bhar.Glbl 1.70 1.65Bharti Infr 305.40 299.95Biofi��lChemPh 5.75 5.70BLB [1] 3.90 4.05Blue Blends (I) 2.30 2.20Burnpur 1.85 1.80CastexTech [2] 0.75 0.75CountrClbHo [2] 5.15 5.40CountryCond[1] 2.05 2.15DB(Int)StBrk [2] 10.50 10.50DiligntMedia [1] 0.60 0.55EmcoLtd [2] 2.40 2.40ESI [2] 1.25 1.30EuroMulti 0.60 0.55Gokul Refoil [2] 13.10 13.05GokulAgroRe [2] 12.30 12.15GujartRafInd 11.15 11.70Hexa Trade [2] 15.15 15.00ICSA [2] 0.35 0.40Impex Fer 0.45 0.45Indosolar 1.10 1.05Integra [3] 0.60 0.55InterntlCons 7.75 7.40IVRCL [2] 0.75 0.70
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................CH-CHECMYK
CHENNAI
14 BusinessLine THURSDAY • JULY 11 • 2019NEWS
OUR BUREAU
Bengaluru, July 10
Two more Congress MLAstendered their resignationsfrom their Assembly seat onWednesday to the KarnatakaSpeaker’s offi��ce amidst ascuffl��e between a few BJP andCongress MLAs at the VidhanaSoudha.
The resignations by the twoMLAs — MTB Nagaraj (representing Hoskote) and K Sudhakar (Chikkaballapur) —takes the total number of legislators who have tenderedresignations to 18.
The scuffl��e broke out whenSudhakar came out the Speaker’s offi��ce after submitting hispapers. Congress leaders Priyank Kharge tried to whisk himoff�� physically to convince theMLA to withdraw his resignation. But BJP MLAs objected toit. Later he was taken to Minister KJ George’s chamber.
Speaker KR Ramesh Kumarsaid, “Today, two more MLAs
have resigned, K Sudhakarand MTB Nagaraj. As in thecase of the other MLAs, the lawwill take its own course.”
It is said, if the rebels areadamant, then the CongressJD(S) coalition numbers couldgo down from 118 to 100 in the224member State Assembly.The majority mark will alsodrop from 113 to 104. The BJPhas 105 members and thebacking of two Independentswill take its tally to 107.
Sudhakar was taken intocustody by Congress MLAsand the Governor intervenedand asked police to produceSudhakar before him. The intervention followed Sudhakar’s wife appealing for protection to her husband.
Priyank Kharge tweeted,“Contrary to media reports,MLA Sudhakar was not manhandled by anyone. He is afriend of mine and I requestedhim to speak to PCC Presidentin private for which he ob
liged. The BJP, as usual, is twisting facts to use this as fodderfor their shameful#OperationKamala.”
State BJP president BSYeddyurappa led a dharna demanding that Speaker acceptsthe resignations of MLAs andalso asked Chief Minister HDKumaraswamy to step downfrom offi��ce as he has lost themajority.
Later, Yeddyurappa and BJPMLAs met Karnataka Governor Vajubhai Vala at RajBhavan and submitted a
memorandum and requestedhim to advise the Speaker toact immediately.
Speaking to reporters,Yeddyurappa alleged that thepolitical crisis is created bythe Congress and the JD(S).“The government has alreadylost majority. If the Speaker accepts the resignationswithout delay, the Assemblysession (from July 12) won’tstart,” he added.
A delegation of BJP leadersalso met the Speaker and requested him to accept the
resignations of the MLAs.The Congress, too, held
dharna near Raj Bhavan as theGovernor did not give theman appointment.
Former Chief Minister, JD(S)Congress coordinationpanel chief and CLP leader Siddaramaiah tweeted “Respected Governor Mr VajubhaiVala, You belong to the wholeState and all the parties, yet weare not allowed to meet you. Iurge you to give appointmentimmediately to brief aboutongoing sabotage of democracy by @BJP4India. Is the police acting on their own or onyour direction?”
The dharna against the BJPwas led by JD(S) supremo HDDeve Gowda and Senior Congress leaders Ghulam NabiAzad, Mallikarjun Kharge, KCVenugopal and Siddaramaiah.
Rebel MLAs move SCMeanwhile, 10 rebel Congressand JD(S) MLAs moved Supreme Court alleging that theSpeaker has been deliberatelynot accepting theirresignations.
Scuffle breaks out between BJP and
Congress MLAs outside Speaker’s office
Congress leaders Siddaramaiah and Ghulam Nabi Azad at a protest
against the BJP in Bengaluru on Wednesday SOMASHEKAR GRN
Karnataka crisis: 2 more Cong MLAs quitOUR BUREAU
New Delhi, July 10
The Congress on Wednesdayfought a lone battle in RajyaSabha on the arrest and detention of the Leader of Opposition Ghulam Nabi Azad for abrief period in Bengaluru.
An unrelenting Centre insisted on continuing with thedebate on the Budget and theCongress had to hold a series ofinformal meetings with BJPleaders to fi��nally get the Houseadjourned on such a ‘sensitive’issue. The Congress also had toagree to participate in the discussion on Thursday, startingfrom 11 am, cancelling the ZeroHour and the Question Hour.
Though the members of theSamajwadi Party and Leftparties did not join the Congress members in raising theissue, the parties walked outsaying that the Budget discussion is being held in din.
As former Finance Minister PChidambaram didn’t initiatethe discussion,the Chair invited BJP leader Suresh Prabhu
to start the debate. Prabhuspoke for about 45 minutes,braving attempts by Congressmembers to disrupt his speech.
Budget discussionAfter discussions with the
Congress, the Leader of theHouse Thawarchand Gehlotannounced that the Congresswanted the presence of Finance Minister Nirmala Sitharaman during the debate. “Wehave agreed to continue thediscussion on Budget tomorrow from 11 am. (Congressdeputy leader) Anand Sharmahas urged the Finance Ministerbe present in the House duringthe debate. There is an understanding on this,” Gehlot said.
Sharma said members of his
party were protesting on asensitive issue and an organised debate will be held onThursday. “My party and theOpposition are serious aboutthe discussion on Budget. Ihave requested the FinanceMinister to be present in theHouse. Tomorrow, let there bean organised debate and I request the Chair to adjourn theHouse for the day,” he said. He,however, did not say anythingon the developments inKarnataka, for which his partyMPs were in the well.
Earlier, Parliamentary Aff��airsMinister Pralhad Joshi said theCentre may have to extend thesession if the Opposition doesnot cooperate. “Let them (Congress) say whatever they wanton the Karnataka issue or anyother State issue, but at least allow the the Budget discussionto continue. After that we havemany bills, otherwise, it will beinevitable to extend Parliament beyond July 26. I appealto them earnestly to allow theBudget discussion,” Joshi said.
...In Rajya Sabha, Congresswages a lone battle on the issue
WXParliamentary Affairs
Minister Pralhad Joshi
said the Centre may
have to extend the
session if Opposition
does not cooperate
OUR BUREAU
New Delhi, July 10
An otherwise routine election to the Governing Council of Employees’ State Insurance Corporation (ESIC)among the members of theRajya Sabha became controversial after the Congress andLeft alleged a secret pactbetween the BJP and the Trinamool Congress.
TMC’s MP Dola Sen defeated Congress’ PradeepBhattacharya and CPI(M)’sElamaram Kareem by a hugemargin, where Rajya SabhaMPs were the voters. Sen got90 of the 156 votes polled.Bhattacharya got 46 andKarim eight while 12 voteswere invalid.
The TMC has 13 MPs in theUpper House, the Congress48 and the Left parties seven.
Soon after the session,Bhattacharya was heard talking angrily to BJP membersfor voting for TMC’s candidate. Later, he told reportersthat he spoke to the BJPleader and Minister PrakashJavadekar on how the BJPsupported a party that is ‘butchering’ its members inBengal.
“Last night when the TMCapproached us to withdraw,(we) told them that no timeleft to withdraw. All the MPshad been contacted and itwas too late to inform themotherwise. BJP supporters inBengal should know howtheir central leadership actsin the Rajya Sabha — that theysupport TMC which killstheir workers in Bengal,” hesaid.
Kareem felt there was an
understanding between theTMC and the BJP. TMC’s chiefwhip in the House SukhenduShekhar Ray, rubbished theclaims.
“As per convention in Parliament, elections are neverheld for these posts (ESICnomination). Parties mutually decide. But this time anelection was forced upon us.This seat was allotted to TMCfor many years.
“It is ridiculous to allegethat anyone joined hands formembership to a Rajya Sabhaboard. People are aware howCongress and CPI(M) joinedhands with BJP to defeat ourcandidates in the Lok Sabhaelections and to what extentCPI(M) and Congress votesshifted to BJP. The allegationby the defeated Congress candidate is ridiculous,” he said.
ESIC board poll: Congress allegesBJP and Trinamool are in a pact
PRESS TRUST OF INDIA
New Delhi, July 10
The Aam Aadmi Party has ruledout an alliance with the Jannayak Janata Party (JJP) for theupcoming Assembly electionsin Haryana in October.
AAP’s State unit has beenasked to prepare a report on thepolitical scenario in the State,senior leader Gopal Rai said onWednesday.
“After the Lok Sabha election,we analysed the political situation and we have decided tocontest the upcoming electionswithout forming any alliancein the State,” he told reporters.
In Harayana, which has 10Lok Sabha seats, the Aam AadmiParty and the JJP fought the elections together on four and sixseats respectively.
AAP rules outalliance with JJPfor HaryanaAssembly polls PRESS TRUST OF INDIA
Amethi, July 10
On his fi��rst visit to Amethiconstituency after losing theseat, Congress leader RahulGandhi on Wednesday attributed his defeat to local leaders, who he said stayed awayfrom the people. He assuredhe will not abandon the constituency, party functionariessaid.
“I will not leave Amethi. It ismy home and family,” formerState Youth Congress chiefNadeem Ashraf Jayasi quotedGandhi as saying at a meeting.
“The development ofAmethi will not be hampered.I am the MP from Wayanadbut my ties with Amethi arethree decades old. I will fi��ghtfor Amethi in Delhi,” Gandhireportedly told party workers.
Union Minister Smriti Irani
defeated Gandhi in his bastion by over 55,000 votes inthe recent election. Gandhihad represented Amethi previously since the 2004 generalelection.
District Congress committee member Narendra Mishrasaid Gandhi appreciated the
hard work of party workers. According to him, Gandhi
said that the workers did a lotduring the campaign butlocal leaders remained awayfrom the people, leading tohis defeat.
Many workers said the Congress was weak in the entire
district and the party campaign lacked direction, according to the participants.
They alleged that someparty men worked with theBJP in the constituency.
They also unanimously demanded that Gandhi shouldwithdraw his resignation asparty president.
In Amethi, Gandhi’s representative Chandrakant Dubeyand Congress district president Yogendra Mishra have alsoresigned.
The meeting with partyworkers, including boothpresidents from fi��ve assemblysegments — Salon, Amethi,Gauriganj, Jagdishpur andTiloi — lasted 50 minutes.
Gandhi then left for two villages in Chhatoh block on theway to Lucknow, from wherehe fl��ew back to Delhi.
All ears During the visit, Rahul is also expected to meet party workers
Rahul blames local leaders for Amethidefeat, says will not abandon constituency
OUR BUREAU
Mumbai, July 10
The Maharashtra Cabinet onTuesday approved the changesin the Maharashtra MaritimeDevelopment Policy of 2016, increasing the period of concession agreement for greenfi��eldports and multipurpose jettiesto 50 years from 35 now.
Multipurpose jetties havealso been allowed to handleExim cargo.
Maharashtra has the secondlongest coastline among maritime States with two major and48 minor ports. Currently, only12 minor ports handle cargo.Therefore, the policy has highlighted the opportunities forfurther improvement of maritime infrastructure.
A press statement issued bythe Chief Minister’s offi��ce saidgreenfi��eld ports and multipurpose jetty developers will haveto make 100 per cent capital investment and handle 50 percent cargo in the fi��rst 35 years.
Concession agreementsFor developers of shipyards,the period of the concessionalagreement has been increasedto 30 years from 10 years now.In the fi��rst 21 years of the agreement, the developers will haveto make 100 per cent capital investment and reach 50 per centtarget of shipbuilding and repairs, the statement said.
For jetties owned by the Maharashtra Maritime Board, theconcessional agreement
period has doubled to 30 years.The developers of such jet
ties will have to handle 50 percent cargo volume in the fi��rst 15years. Such jetties will also beable to handle passenger andRoRo services, sea training andoceanic research, the statement said.
In the updated policy, the nomenclature of the multipurpose jetty has been changed tocoastal berth for those whohandle cargo for coastal shipping.
For developing marine infrastructure on government landand the intertidal zone, the developer would be selectedbased on competitive biddingor through the Swiss challengemethod, the statement added.
Maharashtra rejigs maritime policy;extends concession licence periods
M SOMASEKHAR
Hyderabad, July 10
As the countdown for thelaunch of Chandrayaan 2 progresses at the SHAR Space Port,the Indian Space Research Organisation (ISRO) has piquedpublic’s curiosity with a teasertweet — where did the mooncome from?
The launch is scheduled forJuly 15.
Four theoriesListing the four possible theories, ISRO handle asked, “Is therea fi��fth alternative that no onehas considered?
First, fi��ssion theory statesthat the earth’s rotational speedcaused the Moon to split fromthe planet earth, while its gravitational pull anchored this fragment to become our naturalsatellite.
Second, according to the Captive Theory, the moon was anuntethered object before it wascaptured by the earth’s gravitational fi��eld during a fl��y by.
The third, hypothesis of coaccretion says a single cloud of gascreated the moon and the Earthwhile orbiting a black hole.
And the fourth theory, GiantImpact Hypothesis, said a colli
sion between the Earth and another celestial body caused asegment of the planet to breakoff�� and become the moon.
Chandrayaan 2 will uncoverthe answers and more, ISROtweeted.
At 2.51 am on Monday, theGSLV MKIII rocket will fi��re themission which involves Vikram— the lander and Progyan — therover to travel the distance andmake a softlanding on September 6. Preparedness review andtests are in processsince Sundayat the Satish Dhawan Space Portin Sriharikota in AndhraPradesh.
Ahead of Chandrayaan 2 launch,ISRO sends out a teaser tweet
PRESS TRUST OF INDIA
Panaji, July 10
Winds of political instability inneighbouring Karnatakareached Goa on Wednesday, withtwothirds (10 out of 15) of Congress MLAs breaking away tomerge with the ruling BJP.
The group, led by Leader ofOpposition ChandrakantKavlekar, met Assembly SpeakerRajesh Patnekar and gave him aletter informing him of breaking away from the party.
The MLAs include AtanasioMonserratte, Jeniff��er Monserratte, Francis Silveira, PhilipNery Rodrigues, Cleaofacio Dias,Wilfred DSa, Nilkant Halarnkarand Isidor Fernandes. Chief Min
ister Pramod Sawant waspresent when the group arrivedat the Assembly complex around7.30 pm.
Deputy Speaker Michael Lobowas also present.
With 10 MLAs changing sides,the strength of Congress in theHouse is reduced to fi��ve.
The BJP is the single largestparty with 17 seats, Goa ForwardParty and Independents have
three seats each, while the NCPand the MGP have one each.
When asked, Kavlekar refusedto give the reason behind theirmove, but said that they willmake a statement later in theevening.
Pramod Sawant was sworn inas Chief Minister in March thisyear, after the death of thenChief Minister Manohar Parrikar.
Drama in Goa too as 10 Cong MLAs break away to join BJPGroup submits
letter to Speaker
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 15WORLD
N MADHAVAN
Yekaterinburg (Russia), July 10
Russia has off��ered to share its scientifi��c infrastructure and workwith other countries/institutions to develop natureinspiredtechnologies. This was announced by Russian PresidentVladimir Putin at the GlobalManufacturing & Industrialisation Summit (GMIS) 2019 onTuesday at Yekaterinburg, Russia’s fourth largest city, locatedeast of the Ural Mountains.
Even as the pace of technological transformation increases,changing the very core of manufacturing, environment and climate degradation continueunabated, Putin said. He cautioned that if nothing is done, asmuch as 30 per cent of theworld’s energy output will beconsumed by billions of communication devices by themid2030s.
He also pointed out that dueto global warming, the averagetemperature in Russia has risenat a pace that is twice that of therest of the planet.
‘Backward looking view’“How do we increase output andstill secure the well being ofnature,” he asked. Taking a dig atUS President Donald Trump, saidto be a climate change denier,Putin said that ignoring theproblem amounts to outrightpopulism, a backward lookingview and a road to nowhere.
At the same time, he termedthe adoption of only renewableenergy options rejecting nuclear and thermal sources ofpower (like Germany) an extreme view. People say windpower is useful but what aboutthe impact it has on birds. “I amnot saying wind power shouldgo but we should take into ac
count its ramifi��cations too,” hesaid.
The need, he said, was to strikea proper balance between developmental needs and the impacton the environment by embracing natureinspired technologies. This would be possible onlyif technological development istruly global. “We need to fi��nd asolution to systemic challenges.This great responsibility lieswith us. We need to work together. Russia is ready for this co
operation.” Speaking at theopening ceremony, Suhail Mohamed Al Mazrouei, Minister ofEnergy and Industry of theUnited Arab Emirates and cochair of the summit, explainedthat the fourth industrial revolution will transform the world.GMIS, he added, was a platformcreated to engage on this issueand share valuable lessons.
The UAE, he said, was workingwith the United Nations Industrial Development Organisation
(UNIDO) and other countriessuch as Russia to play a criticalrole in this transformation.
UNIDO DirectorGeneral LiYong warned that Industry 4.0could widen the inequalitybetween developed and developing nations. He cited studiesthat projected as many as 20 million jobs would be lost to thefourth industrial revolution by2030. Least developed nationswill be hit the hardest, he said.They react slowly to change andalso account for most labour intensive industries. These countries need support, he said.
Denis Manturov, Minister ofIndustry and Trade, Russian Federation, said that for 200 yearsindustry created challenges fornature. Now is the time to correct itself. Russia, he added, willdo its best to promote technology and processes that bring abalance between technologyand manufacturing.
The writer is in Yekaterinburg at
the invitation of GMIS
Russian President underscores importanceof balancing growth and eco-impact
Russian President Vladimir Putin addressing the Global
Manufacturing & Industrialisation Summit in Yekaterinburg AFP
Putin offers to share scientific infra todevelop nature-inspired technologies
REUTERS
Washington/New York, July 9
US and Chinese trade offi��cialsheld a “constructive” phoneconversation on Tuesday,White House economic adviser Larry Kudlow said, marking a new round of talks afterthe world’s two largest economies agreed to a truce in ayearlong trade war.
US Trade RepresentativeRobert Lighthizer and Treasury Secretary Steven Mnuchinspoke with Chinese VicePremier Liu He and Trade Minister Zhong Shan on Tuesdayin a further eff��ort to resolveoutstanding trade disputesbetween the countries, a USoffi��cial said earlier in anemailed statement.
Kudlow said the talks “wentwell” and were constructive.
He said the two sides weretalking about a facetofacemeeting, but warned thatthere was not a magic way toreach what has so far been anelusive deal.
“There are no miracleshere,” Kudlow told reportersat the White House. “Therewas headway last winter andspring, then it stopped. Hopefully we can pick up where weleft off��, but I don’t know thatyet.”
China’s Commerce Ministry said in a short statementthat the two sides had “exchanged views on implementing the consensus of thetwo countries’ leaders at theOsaka meeting”. It gave noother details.
The US and China agreedduring a Group of 20 nations
summit in Japan last monthto resume discussions, easingfears of an escalation. Aftermeeting with Chinese President Xi Jinping at the G20, USPresident Donald Trumpagreed to suspend a newround of tariff��s on $300 billion worth of importedChinese consumer goodswhile the two sides resumednegotiations.
Trade talks stalled in Mayafter China backed away fromcommitments it had made tosecure legal changes to its system, according to US offi��cials.
Kudlow’s comments suggested it was still unclearwhether the two sides wouldresume work from the drafttext agreed before that pullback, as US offi��cials want, orwhether they will use a diff��erent starting point.
A facetoface meetingbetween the two negotiatingteams would be a good thingand could take place inBeijing, Kudlow said, but nodetails were available yet.
“Both sides will continuethese talks as appropriate,”the separate US offi��cial said inan email, declining to providedetails on what was discussed
and the next steps for talks.The negotiations picked up
after a twomonth hiatus, buta year since a titfortat tariff��battle began between the twocountries. Washington wantsBeijing to address what US offi��cials see as decades of unfairand illegal trading practices.
Trump said in Osaka thatChina would restart large purchases of US agricultural commodities, and the US wouldease some export restrictionson Chinese telecom equipment giant HuaweiTechnologies.
“President Xi is expected,we hope in return for our accommodations, to move immediately, quickly, while thetalks are going on, on the agriculture (purchases),” Kudlowsaid on Tuesday at an event
hosted by CNBC. “That’s very,very important.”
He also said relaxed US government restrictions on Huawei could help thetechnology giant but wouldonly be in place for a limitedtime.
Kudlow, the director of theWhite House’s National Economic Council, later told reporters there was no specifi��ctimeline for the agriculturalbuys, or for reaching an agreement. “No timeline. Qualitynot speed,” he added.
Three sources familiar withthe state of the talks said theChinese side did not makefi��rm commitments for immediate purchases. It’s unclearthat the two sides’ diff��erenceshave narrowed, even as thediscussions resume.
US, China trade officials hold new round of ‘constructive’ talks
REUTERS
New york, July 9
Relentless global warmingthreatens the potential successof a sweeping set of goals established by the United Nations totackle inequality, confl��ict andother ills, offi��cials said onTuesday.
Climate change imperilsfood supplies, water and placeswhere people live, endangeringthe UN plan to address theseproblems by 2030, according toa report by UN offi��cials.
Membernations of the UNunanimously adopted 17 globaldevelopment goals in 2015, setting out a wideranging “todo”list tackling such vexing issuesas confl��ict, hunger, land degradation, gender inequalityand climate change.
The latest report, whichcalled climate change “thegreatest challenge to sustainable development,” came asdiplomatic, business and otheroffi��cials gathered for a highlevel UN forum to take stock ofthe goals’ progress.
“The most urgent area for ac
tion is climate change,” said LiuZhenmin, UN UnderSecretaryGeneral for Economic and Social Aff��airs, in the report.
“The compounded eff��ectswill be catastrophic and irreversible,” he said, listing increased extreme weatherevents, more severe natural disasters and land degradation.
“These eff��ects, which willrender many parts of the globeuninhabitable, will aff��ect thepoor the most.”
Progress has been made onlowering child mortality, boosting immunization rates andglobal access to electricity, thereport said.
Yet extreme poverty, hungerand inequality remain hugelyproblematic, and more thanhalf of schoolage childrenshowed ”shockingly low profi��ciency rates” in reading andmath, it said. Twothirds ofthose children were in school.
Human traffi��cking ratesnearly doubled from an average 150 detected victims percountry in 2010 to 254 in 2016.
But it was unclear how much
of the increase refl��ected improved reporting systemsversus an increase in traffi��cking, said Francesca Perucci ofthe UN’s statistics division, whoworked on the report.
“It’s hard to exactly distinguish the two,” she said at alaunch of the report.
But climate change remained paramount.
Greenhouse gases have continued to climb, and “climatechange is occurring muchfaster than anticipated,” the report said.
At this week’s goals summit,47 countries were expected topresent voluntary progress reviews. Almost 100 other countries and four cities includingNew York have done so.
Earlier UN reports said thegoals were threatened by thepersistence of violence, confl��ictand lack of private investment.Outside assessments have alsocited nationalism, protectionism and insuffi��cient funding.
The cost of implementingthe global goals has been estimated at $3 trillion a year.
Sustainable developmental goals canbe undone by global warming: UN
BLOOMBERG
July 10
France will stop fundinghomoeopathic pills andtinctures made by BoironSA and rivals at the start of2021, following the adviceof a health panel that spentmonths reviewing themedicines.
Boiron Chief ExecutiveOffi��cer Valerie Poinsot hassaid that sales of reimbursed treatments couldplummet by 50 per cent inFrance, where the company brings in almost halfits revenue, and at least1,000 jobs hang in thebalance.
Boiron’s products havelong coexisted with con
ventional care in France,prescribed by regular doctors and dispensed in almost every pharmacy.
The treatments are alsowidely available elsewherein Europe, though the tideis turning against them insome other markets, too.The UK’s National HealthService advised doctors tostop prescribing such remedies in 2017, saying theyare “at best a placebo.”
The treatments will remain aff��ordable enoughthat most French people,long accustomed to homoeopathy, will likely continue to use them, HealthMinister Agnes Buzyn saidin an interview with Le Par-
isien newspaper. For now,French people can walkinto any pharmacy andbuy a tube of ArnicaMontana granules orroughly a thousand othersuch remedies for €1.6 witha prescription, because theState health systemshoulders about 30 percent of its cost. In somecases, private insurerscover the remainder andpatients pay nothing.
Next year, the S tatehealth system will reimburse 15 per cent of thatcost to allow “a transitionperiod,” Buzyn told Le Par-
isien. At the start of 2021,the reimbursement willend.
France to end funding for homoeopathic pills
NEWYORK TIMES
July 10
Ross Perot, the wiry Texas gadfl��ywho made a fortune in computerservices, amazed the nation withaudacious paramilitary missionsto Vietnam and Iran and ran forpresident in 1992 and 1996 withpopulist talk of restoring Norman Rockwell’s America, died onTuesday at his home in Dallas. Hewas 89. The cause was leukaemia,a family spokesman, JamesFuller, said.
They called him the man fromTexarkana, but he really came outof an era — the Great Depression,World War II and the exuberantpostWar years — when boys hadpaper routes, folks tuned in tothe radio and patriots rolled uptheir sleeves for and built innovative companies and a powerfulnation.
“Most people give up justwhen they’re about to achievesuccess,” Perot liked to say. “Theyquit on the oneyard line. Theygive up at the last minute of thegame one foot from a winningtouchdown.”
He was no quitter: an EagleScout, a Navy offi��cer out of Annapolis, a top IBM salesman, thefounder of wildly successful dataprocessing enterprises, a crusader for education and againstdrugs, a billionaire philanthropist. In 1969, he became a kind offolk hero with a quixotic attemptto fl��y medicine and food to Amer
ican prisoners of war in North Vietnam. In 1979 he staged a commando raid that he asserted hadfreed two of his employees, andthousands of criminals and political prisoners, from captivity inrevolutionary Iran.
And in 1992 he became one ofthe most unlikely candidatesever to run for president. He hadnever held public offi��ce, and heseemed all wrong, like a cartooncharacter sprung to life: an elfi��n 5feet 6 inches and 144 pounds,with a 1950s crew cut; a squeaky,nasal countryboy twang; andears that stuck out like Alfred ENeuman’s on a Mad magazinecover.
Stiff��necked, cantankerous, impetuous, often sentimental, hewas given to homespun epigrams: “If you see a snake, just killit. Don’t appoint a committee onsnakes.”
Under the banner “United We
Stand America,” he spent $65 million of his billions in a campaignthat featured innovative halfhour infomercials about himselfand his ideas. They were popular,with ratings that sometimes surpassed those of primetime sitcoms.
Before long, millions were responding to his calls to cut government defi��cits, red tape andwaste, to begin rebuilding crumbling cities and to restore his vision of America: the smalltownlife idealised in Rockwell’shomey portraits of ballpark patriotism, barbershop wisdom andfl��agdraped Main Street, a worldaway from corrupt Washington.
While Perot had done businesswith every administration sinceLyndon B Johnson’s, the federalgovernment was one of his favourite targets. Washington, hetold its own denizens, “has become a town with sound bites,shell games, handlers, mediastuntmen who posture, createimages, talk, shoot off�� Romancandles, but don’t ever accomplish anything. We need deeds,not words, in this city.”
Improbably, he surged in thepolls while the Republican incumbent, George HW Bush, andthe Democrat, Bill Clinton,trained their fi��re on each other.Polls showed that Perot’s supportcame from across the spectrum,from Democrats and Republicans, conservatives and liberals,
mostly from the middle class. Citizen drives got him on the ballotin all 50 States. He was on thecover of Time magazine.
But at the peak of his popularity, he unexpectedly dropped outof the race. Months later, hejumped back in, saying his withdrawal had been prompted byRepublican “dirty tricks” to sabotage his daughter’s weddingwith faked compromisingphotographs.
He did surprisingly well inthree presidential debates, oftenmocking the “gridlock” inWashington.
On Election Day, Perot fi��nishedwith 19 per cent of the popularvote — almost 20 million ballots— compared with 38 per cent forBush and 43 per cent for Clinton.It was the strongest thirdpartyshowing since TheodoreRoosevelt’s Bull Moose run in1912.
It also led to claims by some Republicans, including the president’s son and future presidentGeorge W Bush, that Perot’s candidacy had cost George HW Busha second term — a contention rebutted by many political analysts, who pointed to, amongother things, exit polls showingthat Perot’s strength had notcome disproportionately fromdefecting Republicans.
In 1996, Perot ran again, thistime on the new Reform Partyticket, but he fared poorly.
Texas billionaire philanthropist Ross Perot, whoshook up 1990s US presidential politics, dead
Ross Perot NYT
ASSOCIATED PRESS
Brussels, July 10
The European Union said on Wednesday it has trimmed its forecasts for economic growth nextyear as global trade tensionsweigh on the bloc’s exportfocussed manufacturers.
The EU executive commissionreduced its forecast for next yearfor both the 19country Eurozoneand the 27 countries that are dueto remain in the bloc after Britainleaves, which is scheduled to happen at the end of October.
Eurozone growth is expected topick up from 1.2 per centthis yearto just 1.4 per cent in 2020, downfrom a previous estimate of 1.5 percent. Growth in the EU — withoutBritain — is forecast to rise from 1.4per cent to 1.6 per cent next year,down from the 1.7 per cent estimated previously.
The European commissioner incharge of economic aff��airs, PierreMoscovici, said there were risks tothe region and highlighted“growing trade tensions.”
“A couple of sectors have beenhit hard external trade and manufacturing,” he said whilepresenting the EU’s interim forecast. The US has imposed tariff��s onseveral countries, including EUstates but particularly China. Thebattle between the US and Chinahas weighed on business sentiment around the world and alsohas knockon eff��ects on Europeanbusinesses, which produce andsell in each of those markets.
EU trims economicgrowth forecastsamid trade tensions
ASSOCIATED PRESS
London, July 10
Offi��cial fi��gures show theBritish economy bouncedback in May but fears remain that the countrycould slip into a recessionahead of the revised Brexitdeadline.
The Offi��ce for NationalStatistics said on Wednesday that the economy grewa monthly 0.3 per cent inMay, largely because carmakers ramped up production again after many wentidle in April in case the original Brexit deadline endedup with Britain crashingout of the EU without adeal.
In April, the British economy contracted 0.4 per
cent. In the event, theMarch 29 Brexit date was extended to Oct. 31.
The delay has done littleto lift the cloud of uncertainty surrounding the British economy, with no onesure about what will happen. As such, fi��rms remainwary of investing.
UK economy bounces back inMay in wake of Brexit extension
BLOOMBERG
July 10
Britain’s Ambassador to the USdramatically resigned afterleaked comments in which hecriticised the Trump WhiteHouse sparked a major diplomatic row between the transatlantic allies.
President Donald Trump decided to freeze out Kim Darroch,saying he would no longer dealwith the man who had called hisadministration “inept” and“uniquely dysfunctional.”
In a statement released by theUK government, Darroch announced he would quit after a“diffi��cult” few days. “The currentsituation is making it impossible for me to carry out myrole as I would like,” Darroch
said. The resignation follows asustained attack from Trump,who on Tuesday described Darroch as a “pompous fool.”
Johnsons MovePerhaps more diffi��cult for Darroch was the response of BorisJohnson, the man who is likelyto be the UK’s next prime minister. During a televised debate onTuesday, Johnson declined toback Darroch and would notcommit to keeping him in hisjob, in sharp contrast to the endorsements and support theambassador received fromother senior British politicians.
“Since the leak of offi��cial documents from this Embassy therehas been a great deal of speculation surrounding my position
and the duration of my remaining term as ambassador. I wantto put an end to that speculation,” Darroch said. “Althoughmy posting is not due to end until the end of this year, I believe inthe current circumstances theresponsible course is to allowthe appointment of a newambassador.”
A spokesman for the UK Foreign Offi��ce said Darroch wouldstay on until a new ambassadortakes over, although a caretakerenvoy could be appointed to allow him to leave the Washington post sooner.
“I have told him that it is amatter of great regret that hehas felt it necessary to leave hisposition as ambassador in Washington,” Prime Minister TheresaMay told Parliament on Wednesday. “The whole Cabinet rightlygave its full support to Sir Kim.”
May said all offi��cials need tobe confi��dent “to give full andfrank advice” and urged MPs to“refl��ect on the importance of defending our values and principles, particularly when theyare under pressure.” That soun
ded like a veiled criticism ofboth Trump, for his attacks, andJohnson May’s longterm rival for his refusal to back thediplomat.
Johnson’s opponent in thecontest to succeed May, whostands down later this month,did give his wholehearted support to Darroch. Jeremy Hunt,Foreign Secretary and Darroch’sdirect boss at the Foreign Offi��ce,hit back at Trump on Tuesday,saying the president’s outbursthad been “disrespectful andwrong.”
On Wednesday, Hunt said hewas “deeply saddened” that Darroch is standing down. “I profoundly regret how this episodehas led Sir Kim to decide toresign,” he said in a statement.
Kim Darroch AP
After leaks that riled Trump, Kim Darroch quits as UK envoy
OUR BUREAU
Pune, July 10
Neelam Gorhe, deputy chairperson of the State Legislative Council, has directed theState Labour Department,Sugar Commissioner andHealth Department to ensurethat cane cutter women areprovided with basic sanitation and health facilities during the cane cutting season.
Every year, thousands ofwomen from the Marathwada region migrate to thesugar belt of the State to cutcane. Gorhe said that theprobe committee appointed to studythe status ofcanecutter women will submitits report by thismonth end.
Following reportspublished in BusinessLineon April 9 and 11, highlighting the widespread hysterectomy surgeries among cane
cutters in Beed district, theMaharashtra govern
ment had appointedthis committee.
Gorhe, who is partof the Committeesaid that immediate
steps must be taken toresolve problems faced
by the canecutter community. “The Labour Department must gather the information on availability of toilets
in sugar factory premisesand provide mobile toiletswherever required” saidGorhe. She added that theHealth Department, LabourDepartment and Sugar Commissioner must ensurehealth checkups for cane cutters before the start of canecrushing season. She addedthat men and women canecutters must be paid equallyand mobile hospitals mustbe deployed near sugarfactories
BusinessLine had highlighted that many canecutters in the droughtaff��ectedBeed district go in for a hysterectomy as they have to paya fi��ne to the contractor ifthey take a break from canecutting during menstruation.
The National Commissionfor Women had taken cognisance of the reports and issued a notice to the StateChief Secretary.
Cane-cutter women in Maharashtra to get sanitation and health facilities
Every year, thousands of
women from Marathwada
migrate to the sugar belt of the
State to cut cane REUTERS
................CH-CHECMYK
CHENNAI
16 BusinessLine THURSDAY • JULY 11 • 2019COMMODITIES
QUICKLY
OUR BUREAUBengaluru, July 10
The Centre has allowed imports of4 lakh tonnes of maize at a reduced duty of 15 cent to ease supplies to the animal feed sector. Ashortfall in domestic productionlast year had led to a fl��areup ofmaize prices, hurting the poultrysector, which consumes about 60per cent of the maize produced inthe country.
Poultry players, who have beenreeling under the impact of highmaize prices for the past fewmonths, feel they could benefi��tfrom the Government's latestmove only if imports of the cerealtake place early, over the nextcouple of months and before thenew crop starts arriving inOctober.
“The imports will be of helponly if they are going to come intime over next 23 months,” said KS
Akhilesh Babu, President of theKarnataka Poultry Farmers andBreeders Association. There ishardly any stock of maize left andthe pressure on feed availability isforcing the industry to reduce theplacement of birds with poultryfarmers, Babu said.
Tendering incompleteIndustry sources said that thoughthe Centre had allowed import of 1lakh tonnes of maize in June at areduced duty of 15 per cent, thecereal is yet to reach the country asthe tendering process is incomplete.
The high feed prices have impacted prices of hatching eggsand chicks. “There are no takers forhatching eggs. As a result, theprices of hatching eggs have nowcome down to ₹��15 per piece fromaround ₹��24 in the same period lastyear,” said KS Ashok Kumar of MAA
Integrators. Similarly, the price ofchicks has come down to around₹��15 per chick from about ₹��2728 inthe same period last year.
Maize prices continue to rule atrecord highs on a supply squeeze.Maize production, according tothe Agriculture Ministry's 3rd advance estimates, fell to 27.82 million tonnes during 201819 from28.75 million tonnes in the previous year on account of a droughtand Fall Army worm infestation inmajor producing states.
Further, the plantings in the ongoing kharif season have been
slow on account of poor progressof the monsoon in key producingregions.
Maize is the key ingredient inpoultry feed and accounts forabout 70 per cent of the production costs. The higher price ofmaize has forced the industry tolook at alternatives such as ricebrokens and wheat as a substitutein poultry feed.
“Brokenrice prices have increased to ₹��2324 a kg fromaround ₹��1617 a kg a few monthsago due to the rise in demand,” Kumar said.
Poultry farmers want supply before next crop is
harvested; prices of hatching eggs, chicks hit
Nod for import of 4 lt of maizewill not help if shipments are late
RADHESHYAM JADHAV
Pune, July 10
Just 14 per cent of farmers haveregistered on the National Agriculture Market (eNAM). Ofthose who have registered, 51per cent have not benefi��tedfrom the trading platform.
eNAM, a panIndia electronictrading platform, was launchedby the government in 2016 tocreate a transparent and competitive price discovery systemto help farmers get remunerative prices for their produce.Data from the Ministry of Agriculture and Farmers’ Welfare,presented to the Lok Sabha onTuesday, reveal that as on June30, more than 1.64 crore farmers and more than 1.24 lakhtraders have registered oneNAM.
Of the registered farmers,about 80 lakh (49 per cent) got
tivators and 14.43 crore workers.But eNAM has not reached themajority of farmers even as itpromotes better marketing opportunities through an onlinecompetitive and transparentprice discovery system and online payment facility.
Single-window servicesThe eNAM portal providessinglewindow facilities for allinformation and services related to the Agricultural Produce Market Committee(APMC).
This includes commodity arrivals, quality and prices, buyand sell off��ers, and epaymentsettlement directly into farmers’ accounts. Farmers can access the portal through theirmobile phones.
However, even those farmerswho have registered themselves
on the platform are not using itfor their benefi��t, except thosefrom a few States.
The data show that 91 per centof registered farmers in Chhattisgarh have used the platformto their benefi��t while only 3 percent in Jharkhand have done so.
In Telangana and HimachalPradesh, more than 80 per centof registered farmers have beenbenefi��ted by the service.
The maximum number of registered farmers were from Uttar Pradesh (32,96,625) andMadhya Pradesh (30,09,991)while West Bengal had the least(12, 714).
The portal has recorded tradetransactions of over 2,58,76,016million tonnes with a totalvalue of ₹��71,069 crore.
The Centre has released₹��423.23 crore to the States foreNAM between FY16 and FY19.
the benefi��t of trading on theplatform.
According to Census 2011,nearly 26.31 crore workers areengaged in the farm sector.
This includes 11.89 crore cul
Just 14% of farmers registered on eNAM platform
VINSON KURIANThiruvananthapuram, July 10
Windfi��eld projections by theIndia Meteorological Department (IMD) suggest that a cyclonic circulation/lowpressurearea may be in the makingalong the East Coast in about aweek’s time.
This corroborates the outlook by the Climate PredictionCentre of the US NationalWeather Services of a raindriving system developing in theBay of Bengal that could likelyrevive the monsoon.
Differing outlookThe two national forecasters,however, diff��er in terms of theirchoice of the exact location ofgenesis of the system, which iscrucial from the viewpoint ofthe prospects of the monsoon.
The US agency has beenpointing to a location off�� theAndhra Pradesh coast untilTuesday, which is per its latestavailable forecast.
As if on cue, a rudimentarycirculation popped up on Wednesday morning over the
SouthWest and and adjoiningWestCentral Bay off�� NorthTamil Nadu and South CoastalAndhra Pradesh coasts. But theIMD predicts the ‘low’ will materialise at a diff��erent location,and is pointing instead to theseas off�� the Odisha coast and itsneighbourhood.
This morning, the feeble off��shore trough extendingovernight from the Karnatakacoast to the Kerala coast haspersisted. The strength of theoff��shore trough is a proxy forthe overall health of the monsoon. The off��shore trough re
ceives the moisture from theArabian Sea, which is forced bythe westerly to southwesterlywinds against the heights ofthe Western Ghats to precipitate as rain along the coast.
Troughs in disarrayThe off��shore trough along theWest Coast, and the landbasedtrough stretching diagonallyacross the plains of North India,are the two principal featuresthat sustain monsoon rainsover the country. Currently, theoff��shore trough is weak and liesin a truncated form from
Karnataka to Kerala. When fullyactive, it straddles the entireWest Coast lying extended fromSouth Gujarat to Kerala.
The landbased trough overCentral India has retreated tothe North taking the rainsalong with it, and is heading forthe Himalayan foothills, weakening the monsoon over therest of the country.
Only the next ’low’ in the Bay,as and when it materialises, canbring the trough back with itssoutheastern end pinneddown to the centre of the ’low’in the Bay and the other lyingdiagonally across in WestRajasthan.
This morning, a preexistingintensifi��ed ’low’ over East UttarPradesh and adjoining Biharcontinued to power the monsoon across the limited swatheof the Himalayan foothills andadjoining plains.
The landbased trough thatpacks this ’low’ lies extendedfrom Punjab and runs acrossHaryana, West Uttar Pradeshand the hills of Bengal andAssam.
Next ‘low’ in Bay may materialise in a week’s time
V SAJEEV KUMAR
Kochi, July 10
A prolonged drought and theabsence of rain seems to havetaken a toll on Kerala’s tea production this year as output hasdropped by 36 per cent duringthe fi��rst quarter (AprilJune) ofthe current season. Industrysources attributed the reasonfor the fall in output to thevagaries of nature in theperiod between February andJune.
Per the fi��gures availablewith the Association of Planters of Kerala, tea production inthe State during the periodbetween April and June thisyear stood at 21.30 million kgcompared to 25.25 million kgin the corresponding periodlast year.
Climate change impactedthe cost of production, whichwas steadily going up. A higherinput cost also pushed up thecost beyond manageablelevels, sources in the sectorsaid. The current production
cost hovers well above ₹��150/kg,whereas the average auctionprice realisation per kg was below ₹��105, which is about ₹��2less than in the previous year.
Sources said the diff��erencebetween the cost of production and price realisation hasbeen adverse.
Normally, the fi��rst fl��ush season in Kerala starts from thesecond half of April to fi��rst halfof June. The second fl��ush season commences from thesecond half of September tofi��rst half of November.
The climate change seems tobe having an irreversible impact on tea plantations. Theweather cycle in tea growingareas is unprecedented andhas caused severe damages tothe cropping pattern.
Moreover, abnormalweather conditions in andaround Munnar betweenDecember 2018 and Februarythis year also caused crop loss,which is estimated at about 1520 per cent.
Kerala’s tea output falls36% in April-June period
Dip in arrival of turmericErode, July 10
Arrival of turmeric at the Erode markets
thinned on Tuesday. Farmers brought in only
about 1,700 bags and only a few of good
quality turmeric. At the Erode Turmeric
Merchants Association Sales yard, fi��nger
turmeric was sold at ₹��5,949 to ₹��7,119 a quintal,
and the root variety at ₹��5,469 to ₹��6499. At the
Regulated Marketing Committee fi��nger
turmeric was sold at ₹��5889 to ₹��7,079 a quintal.
The root variety was sold at ₹��5,799 to ₹��6,817 a
quintal. Of the arrival of 382 bags of turmeric,
289 bags were sold. OUR CORRESPONDENT
Pulses witness bearishnessIndore, July 10
Bearish sentiment prevailed in the majority of
pulse seeds in Indore mandis on weak physical
demand. Tur (Maharashtra) quoted at ₹��5,900 a
quintal, while tur (Madhya Pradesh) ruled at
₹��5,0005,400. Tur dal (sawa no) quoted at ₹��7,200
7,300, tur dal (full) at ₹��7,4007,600, while tur
marka ruled at ₹��7,9008,100 a quintal. Moong
(bold) quoted at ₹��5,5005,700, while moong
(medium) ruled at ₹��5,0005,200. Moong dal
(medium) quoted at ₹��7,0507,150, and moong
dal (bold) at ₹��7,2507,350, while moong mongar
ruled at ₹��7,650 7,750 a quintal. OUR CORRESPONDENT
KV KURMANATH
Hyderabad, July 10
The Fall Armyworm (FAW), orspodoptera frugiperda, is thelatest threat that the agriculturalsector is facing. FAW, whichwreaked havoc in Africa, enteredKarnataka last year and spreadvery rapidly to other States.
Though it predominantly infects maize, Fall Armyworm hasthe potential to spread to manyother crops.
The fact that it spread to 50countries in two continents injust two years refl��ects the speedwith which it spreads, causinglargescale damage to crops.
While information on this newproblem is not readily available,the Indian Council of Agricultural Research’s (ICAR) centre inMeghalaya has come outwith a 50page compendium on FAW. Itprovides completeinformation onFAW — where it isborn, how it devastated crops inAfrica, its lifecycleand how to tackle it.
“It is essential to prevent its infestation in theearly stages. For this, farmers, extension workers, students andother stakeholders need to besensitised to diagnose the problem well,” an ICAR scientist said,adding that “eff��orts have alsobeen made to provide the information on native biocontrolagents and basic managementpractices to be followed in time.”
ICAR’s NorthEast research facility took interest after the pestwas fi��rst reported in March inLunglei district of Mizoram andWest Tripura district in Tripura.“Subsequently, it has detectedmassive outbreaks in April inMizoram and Nagaland,” he said.
How to spot?“The egg mass of FAW is diffi��cultto distinguish from other two re
lated worm (and moth) speciescommonly found on maize. FallArmyworm eggs are laid in massinside the whorls or on the lowersurface of leaves or on stem,” thecompendium said.
“Eggs may be laid on single ormultiple layers. Female mothlays more than 1,000 eggs insingle or in multiple clusters onmaize or other host plants,” itsaid.
MitigationThe ICAR scientists have askedfarmers to set up fi��ve pheromonetraps in the infested area andalso in areas that are likely to beaff��ected by Fall Armyworm. Theyshould be there both in crop season and off�� season too.
The ICAR advises farmers andother stakeholders to scout forFAW population following a ‘W’path in a particular fi��eld as soonas maize seedlings emerge.
The advisory prescribes a detailed mitigation regimen, de
pending on which stagethe FAW attack is in.
Deep ploughing isrecommended before sowing. Thiswill expose FAWpupae to predators. “Timely sow
ing is advised. Avoidstaggered sowings.
Intercropping of maizewith suitable pulse crops
that are vogue in a particular region,” it said.
Ornamental plants Growing ornamental fl��oweringplants as an intercrop will helpin buildup of natural enemies.
“Balanced use of fertilisers andcultivation of maize hybridswith tight husk cover will reduceear damage by FAW,” it pointsout.
“Hand picking and destruction of egg masses and neonatelarvae in mass by crushing or immersing in kerosine water wouldhelp,” it said.
Application of dry sand in tothe whorl of aff��ected maizeplants immediately after noticing the FAW incidence will alsohelp, the compendium added.
Suggests installing
pheromone traps,
among other steps
ICAR releases dos and don’tson tackling Fall Armyworm
OUR BUREAU
Hyderabad, July 9
The National Institute of RuralDevelopment and PanchayatiRaj is developing a system thatenables highdensity stockingof fi��sh in cages. This intensivefi��sh culture pond system alsoallows stocking of diff��erentvarieties and sizes in cages ofdiff��erent sizes in a pond.
Fish varieties that can begrown in the system includeTilapia, Pangasius, Murrel andPearlspot. “Since the water required for this system is low,highdensity stocking of fi��sh indiff��erent cages enables fl��exibility in managing a fi��shpond,” anNIRDPR executive said.
Set up at the institute’s RuralTechnology Park at Rajendranagar, the Backyard Recirculatory Aquaculture System was established with funding from the National FisheriesDevelopment Board. The system was developed by CochinUniversity of Science andTechnology.
The Rural Technology Parkwill demonstrate the functioning of the system and trainfarmers, selfhelp groups andyouth. “We are preparing training modules on the Aquaculture System to promote it as asustainable mode of incomegeneration,” the executive said.
“The economics of growingGenetically Improved FarmTilapia (GIFT) in the pond, for astocking period of 120 daysover three cycles a year, demonstrates an average monthly return of ₹��25,750 can be expectedfrom fi��sh culture,” he added.
“We can only double the income of farmers by promotingintegrated farming practices.Such technologybacked smartfarming solutions will encourage youth to undertake farming as an occupation,” WRReddy, Director General ofNIRDPR, said in a statementhere on Monday.
The sludge periodicallypumped out of the pond can beused as manure.
NIRDPR to hold trainingprogramme on fish culture
Rubber holds steadyKottayam, July 10
Spot rubber closed unchanged on Wednesday.
RSS 4 was quoted steady at ₹��150 a kg by traders
and the Rubber Board. July futures fi��rmed up to
₹��149 (148.59) per kg on the Indian Commodity
Exchange. RSS 3 (spot) declined to ₹��126.48
(129.24) per kg at Bangkok. July futures closed at
₹��145.09 (145.04) a kg on the Tokyo Commodity
Exchange (TOCOM). Spot rubber rates (₹��/kg)
were: RSS4: 150 (150) RSS5: 148.00 (148); ISNR
20: 125 (125) and Latex (60% drc): 98 (98)
Time for dates
Dates on sale in south
Mumbai. The dates
have been selling at
₹��160 a kg. They are
grown in the Kutch
district of Gujarat in
very specifi��c
conditions — a hot dry
summer, moderate
winter and an almost
rain free period
during fruit ripening
(JulyAugust).
Countries in West Asia
and Africa are major
producers of dates.
India is the largest
importer of dates in
the world
PAUL NORONHA
BLOOMBERG
July 10
Cotton is in the grips of thebears, and fresh US supplyforecasts coming this weekwill probably keep it there.
Prices tumbled to a threeyear low on Tuesday amid theoutlook for big supplies at atime when consumptiongrowth is slowing and American exports are hurting.
Hedge funds are holdingtheir biggestever bet that thedeclines will continue. Meanwhile, traders and analysts expect that the US Departmentof Agriculture will raise itsoutlook for domestic stockpiles, with the hoard forecastto reach a 12year high.
Sentiment has only gottenmore bearish in recent weeksamid improving Americancrop conditions and slow progress in trade negotiationsbetween the U.S. and China,the worlds biggest consumerof the fi��bre.
Cotton’s crashamid likely glutset to deepen
................CH-CHECMYK
CHENNAI
BusinessLineTHURSDAY • JULY 11 • 2019 17NEWS
AP’s white paper on State finances Amaravati, July 10
Two days ahead of presenting his fi��rst Budget,
Finance Minister Buggana Rajendranath on
Wednesday released a white paper on the
State finances, stating that the YS Jagan Mohan
Reddy government inherited a “terribly
mismanaged economy” from the previous
dispensation that left the State with a
staggering debt burden of ₹��3.62 lakh crore.
Agriculture sector presented a dismal picture,
registering negative growth in four fi��scals
though the overall Gross State Domestic
Product (at current prices) for 201819 was
expected to be ₹��9,33,402 crore as per
advanced estimates. “By any parameter, 2014
19 has been a bad period for Andhra Pradesh,”
he said. PTI
QUICKLY
OUR BUREAU
New Delhi, July 10
Global eff��orts to develop climatefriendly fuels received a boost onMonday with a team of researchers from a United States lab fi��nding a costeff��ective way toconvert biofuels derived fromplants into premium fuels suchas high octane petrol and aviation fuel.
In a study published in NatureCatalysis journal, researchersfrom National Renewable EnergyLaboratory (NREL) in the US saidthat they have devised a cheapermethod to produce highqualityhydrocarbon fuels like highoctane petrol from biofuels.
Though replacing petroleumbased fuels with cleaner biofuelsis the way forward, there are anumber of challenges in converting biomethanol into premium
fuels. The technologies that existtoday rely on multistep processes and high temperatures,which drive up the cost.Moreover, they produce lowergrade fuel, that too in very smallquantities to be competitiveenough to challenge the dominance of fossil fuels, which are implicated in global warming.
Now, the scientists led byDaniel Ruddy at NREL’s NationalBioenergy Centre, have de
veloped a catalytic process whichwould address some of theseconcerns.
Hydrogen deficiency“With the previously reportedtechnology, the conversion costfrom methanol to the desiredfuel product is about $1 a gallon(one gallon is 3.785 litre). Ourbestcase scenario is 38 cents agallon. Where we’ve gotten so faris about 60 to 70 cents a gallon,”
said Ruddy in a statement. One ofthe major problems that the scientists encountered during theconversion process was the hydrogen defi��ciency. Hydrogen is akey component of hydrocarbons, which are necessary forfuels. They hypothesised thatadding a transition metal to catalyst — zeolites are normally usedas catalysts in petroleum refi��neries – would help solve the problem. Their intuition turned outto be correct as the addition ofcopper not only yielded morefuel but also brought down thecost. The scientists estimatedthat the copperinfused catalystresulted in 38 per cent more yieldand lowered cost by 29 per cent .
Costs aside, the NREL processprovides those using it withother competitive benefi��ts. Forinstance, it allows companies tocompete with ethanol producersfor renewable fuel credits (if thecarbon used comes from biogasor municipal waste). It's alsocompatible with existing methanol plants that use natural gasor solid waste to generate syngas.
The conversion of
biofuels can
now be done
cost-effectively, too
US team develops process to turnbiomethanol into premium fuels
Though replacing petroleumbased fuels with cleaner biofuels is the way
forward, there are a number of challenges in converting biomethanol
into premium fuels
OUR BUREAU
Hyderabad, July 10
Singareni Collieries CompanyLtd (SCCL) has initiated steps tocommence work on the Nainicoal block in Odisha, which isknown to have reserves of 34crore tonnes of coal.
It plans to produce about 1oolakh tonnes per annum.
N Sridhar, Chairman and Managing Director of SCCL, metOdisha Chief Minister Naveen
Patnaik and State Chief SecretaryAditya Prasad Padhi on Wednesday at Bhubaneswar to discussthe modalities relating to theNaini coal block. The Ministry ofCoal had allotted the block located in Angul district in Odisha toSingareni and requested theState government to provide fullcooperation in issues relating toforest, transfer of revenue land,rehabilitation and railway lines.
The CMD explained that out ofthe 912.79 hectares required forthe mine, 783.27 hectares of forestland along with 129.52 hectaresbelonging to 6 villages is available and only 14 families need to
be rehabilitated. He requestedcooperation and permissionsfor the land acquisition, alongwith the extension of the railwaylines from other coal blocks up toNaini coal block. The Chief Secretary responded to this requestpositively.
Boost in outputThe Naini coal block has reservesof 34 crore tonnes. The miningoperations at the block will boostthe Singareni output. The mining company is making plans forthe production of 1 crore tonnes(10 million) coal productionevery year from the 34 lakh
tonnes (340 million) of coal reserves. The company has begundrilling work and it is engagingtwo drilling machines in thearea. It has been decided that allpermissions from the Forest Department are to be obtained byMarch 2020 and coal productionis to start by February 2021. Thecompany is planning to speed upthe process and start productionahead of schedule.
The SCCL management contributed ₹��1 crore to the Chief Minister’s Relief Fund as assistance tothe recent fl��oods in Odisha. It hadsent rescue and medical teamsduring the fl��oods.
Singareni Collieries starts workat Naini coal block in OdishaThe block has a
reserves of 34 crore
tonnes of coal
POLL POURI
Air India privatisationShould Air India be privatised?
77% 22% 1%Yes No Can't say
Growth target
Is India capable of becoming a
$10trillion economy?
Cast your vote at:www.thehindubusinessline.com
TODAY’S POLL
Diagnosis on the go
(from right) Tamil Nadu Governor Banwarilal Purohit, Apollo Hospitals Group Executive
Chairman Prathap C Reddy, and Joint Managing Director Sangita Reddy, at the
inauguration of Mobile Health clinics in Chennai on Wednesday. The initiative, by
Apollo Hospitals and Samsung Electronics, aims to provide free medical screening for
noncommunicable diseases to the lessprivileged in the State BIJOY GHOSH
PRESS TRUST OF INDIA
Kolkata, July 10
Bengali fi��lm actor RituparnaSengupta has been summonedby the Enforcement Directoratenext week in connection withthe investigation into the RoseValley ponzi scam, a day after itsummoned superstar ProsenjitChatterjee in the same case.
According to the sources, Sengupta allegedly accompaniedRose Valley group chairmanGautam Kundu on several foreign trips and helped him in thesale and production of fi��lms.
“We have summoned actorRituparna Sengupta in connection with the Rose Valley scam.She has been asked to appearnext week,” ED sources told PTI.
Phone calls made to Senguptafor her reaction wentunanswered.
Chatterjee, meanwhile, hadbeen asked to depose before theED offi��cials at the CGO Complexoffi��ce in Salt Lake on July 19. TheTollywood actor’s statement
will be recorded under the Prevention of Money LaunderingAct (PMLA). The sources said theagency wanted to questionChatterjee about ₹��2.75 crore received by his company, Idea Locations and Production Pvt Ltd,from the Rose Valley groupbetween 2010 and 2011. Of this,Chatterjee is suspected to havereceived about ₹��23.5 lakh. Theprobe agency wants to understand the purpose of thesefunds, they claimed.
Chatterjee has acted in several fi��lms produced and distributed by Rose Valley, notableamong them being MonerManush and Hangover.
A probe by the agency has revealed that Rose Valley, on paper,undervalued the fi��lm’s production cost and used depositors’money to fund Hangover, the EDsources added. The ED had onMonday interrogated senior Trinamool Congress leader MadanMitra in connection with theponzi scam.
Rose Valley scam: After Prosenjit,ED summons actor Rituparna
OUR BUREAU
New Delhi, July 10
New Delhi’s Connaught PlaceCBD — commercial businessdistrict — continues to remain among the 10 most expensive offi��ce marketsaround the globe. It retainedits ninth place, same as lastyear, according to a report byreal estate consulting fi��rmCBRE.
According to the report,‘Global Prime Offi��ce Occupancy Costs Survey’, offi��ce occupancy cost at ConnaughtPlace CBD is $143.97 per sq ftper annum.
The report added that six ofthe world’s 10 most expensiveoffi��ce markets are in Asia.
Mumbai’s Bandra KurlaComplex (BKC) and NarimanPoint CBD were ranked at 27thand 40th positions, respectively. In the given position,the current annual primerent of BKC is valued at $90.67
per sq ft per annum and Nariman Point CBD at $68.38 persq ft per annum
“Indian markets continuedto have greater investmentgrade space in the CBDs of thediff��erent cities as prominentdomestic and global corporates continued to favour investment grade space for setting up front offi��ces in thesecities,” said AnshumanMagazine, Chairman andCEO, India, South East Asia,MiddleEast and Africa, CBRE
The commercial offi��cespace market remains astrong growth propeller forthe real estate sector andDelhi, being a prime market,continues to witness sustained activity and retains itsposition among the top 10most expensive markets inthe world, he added.
For the second year, HongKong’s central district retained the top spot as theworld’s most expensive market for prime offi��ce rents,with the prime occupancycosts valued at $ 322 per sq.ft.per annum . The second position was taken by London’sWest End.
Connaught Place 9thmost expensive officemarket globally: CBRE
A fi��le photo of Connaught Place. The commercial office space
market remains a strong growth propeller for the real estate sector
and Delhi continues to witness sustained activity PRASHANT NAKWE
Hong Kong’s centraldistrict retained thetop spot for thesecond year
PRESS TRUST OF INDIA
New Delhi, July 10
The Delhi High Court on Wednesday dismissed a petitionchallenging the AAP government’s proposal to makemetro rides free for women,saying it is for the authoritiesto decide on giving concession to a particular class.
A Bench of Chief Justice DNPatel and Justice C HariShankar refused to entertainthe plea, saying there is nosubstance in it and imposed acost of ₹��10,000 on thepetitioner.
The court also rejected theprayer in the petition seekingreduction of fares and tomake 15 slabs of the ticketprice instead of existing six.
“Fixation of fares is a statutory function and the process of fi��xation is complexwhich involves considerationof several factors, includingcost. All these factors cannot
be determined in a PIL,” theBench said.
It said the petitioner, advocate Bipin Bihari Singh, hasfailed to point out any illegality in fi��xation of fares and added that the court will be “extremely slow” in fi��xing thefares for Delhi Metro which isthe prerogative of thegovernment.
The Aam Aadmi Party government had in June announced that it proposed tomake metro and bus travelfree for women in Delhi “toencourage them to use publictransport“.
Chief Minister Arvind Kejriwal had said the Delhi government will bear the travel expenses of women.
The court noted that twopetitions relating to Delhimetro fares were fi��led earlierand they were also not entertained. “We are not inclined togive any direction, much less
in the nature of mandamus,to respondents No. 1 to 3(Delhi government, Union ofIndia and DMRC) on fi��xationof fares,” the Bench said.
Regarding the prayer thatthe Delhi government be directed not to take any step tomake metro rides free for women, the court observed thatthe plea has not been arguedby the petitioner.
The Bench said it was forthe authorities to give or notto give a concession to a particular class in metro ridefares.
The Delhi government additional standing counselSanjoy Ghosh submitted thatthe plea was premature aspresently no such exemptionhad been given to women andthe proposal was under consideration. The Union of Indiawas represented by Centralgovernment standing counsel Gaurang Kanth.
HC dismisses plea challenging plan tomake Delhi metro rides free for women
PRESS TRUST OF INDIA
New Delhi, July 10
Twenty one States, includingmineralrich Jharkhand andWest Bengal, have framedrules to check illegal mining, Parliament was informed on Wednesday.
“As per informationprovided by the Indian Bureau of Mines, 21 State governments... have framedrules to curb illegal miningunder Section 23C of theMMDR Act, 1957,” Coal andMines Minister PralhadJoshi said in a written replyin the Lok Sabha.
State governments, hesaid, are empowered tomake rules for the preven
tion of illegal mining, transportation and storage ofmajor and minor minerals,the Minister said.
In fi��scal 201819, therewere 1.1 lakh cases of illegalmining for both major andminor minerals.
21 States have framed rules tocurb illegal mining: Minister
Coal and Mines Minister
Pralhad Joshi
PRESS TRUST OF INDIA
Bhubaneswar, July 10
Odisha Chief Minister NaveenPatnaik on Wednesday releaseda Vision Report “Economic possibilities for Odisha towards aone trillion dollar economy”,jointly prepared by the JSWGroup and PwC India.
“Having huge natural resources, Odisha is on its way toachieve this objective throughits investmentfriendly policies,infra connectivity and skilledmanpower,” Patnaik said,
adding that the State will take acentral role in driving the national growth as a manufacturing hub. The report pointed outthat the global economy hasgrown over three times in thepast three decades and is projected to double in size by 2050.
The potential of mineralbased industries in Odisha alongwith other sectors such as agriculture, food processing, creative industries, and MSME, willplay an important role in making the State a $1trillion eco
nomy, the report said. Describing Odisha as a “hidden gem ofIndia,” JSW chairman Sajjan Jindal said the regional economieswill play a key role in making India a $10trillion economy.
Ranen Banerjee, Partner, PwCIndia, presented the key fi��ndingsof the study to the Chief minister. The Vision Report emphasises the unique competitive advantages of Odisha over otherStates and its potential to become the export hub for metalproducts across the world.
Odisha has the potential to be a $1-t economy: Report
PRESS TRUST OF INDIA
Panaji, July 10
The Goa government hasamended a law to open up morespace in its industrial estates toaccommodate new investments in the coastal State.
The latest amendment to theexisting law would defreezearound 3.7 lakh sq m of land invarious industrial estates acrossthe State, Goa Industrial Development Corporation’s Chairman Glenn Ticlo told reporterson Tuesday.
The exercise of identifyingmore land to attract new investments willbe completed in nextthree months, he said.
Ticlo said unavailability ofland was one of the major issuesaff��ecting the industrial growthin the State. But now, the Stategovernment has amended theGoa (Regulation of Land Development and Building Construction) Act2008 and the Goa LandDevelopment and BuildingConstruction Regulations2010.
Goa unlocks landin industrialestates for new investments
PALAK SHAH
Mumbai, July 10
In a strongly worded letter toFinance Minister NirmalaSitharaman, an association ofSEBI employees has opposed aBudget proposal that seeks totransfer 75 per cent of the regulator’s surplus funds to government coff��ers, terming itan additional tax burden onmarket participants.
Also, the letter calls the proposal that necessitates SEBIseeking government approval for its annual expenditure regressive. Busi-nessLine has a copy of theletter.
In a similar letter written tothe government in 2018, SEBIhad protested over the surplus funds plans. SC Garg,then Secretary of the Department of Economic Aff��airs,
had been quoted by PTI as saying that SEBI surplus fundsshould be kept in a public account rather than with banks.
Reserve fundThe Budget has proposed thatSEBI should constitute a reserve fund, and 25 per cent ofthe annual surplus of the general fund should be creditedto this reserve fund.Moreover, the transfer to thereserve fund every yearshould not exceed the totalannual expenditure of thepreceding two years.
After meeting all expenditures, SEBI should transfer 75per cent of the surplusamount to the ConsolidatedFund of India, according tothe Budget proposal. A gazette notifi��cation to this eff��ectwill be issued after the Finance Bill is passed in Parliament. The Budget also proposed that SEBI should takegovernment approval for itsannual expenditure.
SEBI has a surplus of ₹��3,170crore per its 2017 balancesheet, which is the latest available in the public domain.
Slow decision-making“The involvement of the government in capital expenditure approval will not add anybenefi��t to the institutional effi��ciency but rather slow downdecisionmaking, and wouldbe contrary to the principal of
minimum government andmaximum governance,” saidthe SEBI employees’ letter.
The letter reasoned that theComptroller and Auditor General (CAG), which conducts anaudit of SEBI accounts, has tilldate not found a “single instance of imprudence”.
Already, the capital expenditure plan of the regulator has to be approved bythe SEBI board, which has twogovernment nominees on it.The employees have asked theFinance Minister to ensurethat the autonomy of SEBI ismaintained.
“SEBI’s standing as anautonomous regulatory bodywill be compromised due tothe proposed requirement ofgovernment approval for partof its expenses,” the lettersaid.
The CAG had earlier recommended the transfer of surplus funds from regulatorssuch as SEBI and IRDAI to theConsolidated Fund of India.
Will lead to loss ofautonomy, staff tell FM in a letter
SEBI employees criticise Budget proposalthat seeks transfer of surplus funds to govt
WXThe letter also termed as
regressive the Budget
proposal that mandates
government approval for
SEBI’s annual spend
................CH-CHECMYK
CHENNAI
BusinessLine18 THURSDAY • JULY 11 • 2019