regd. tn/ard/14/09-11, rni no. 55320/94 patanjali will be
TRANSCRIPT
................BM-BMECMYK
WOOING INVESTMENTS
TN to announce projects worth ₹�28,664 cr Chennai, July 19
The Tamil Nadu government
will on Tuesday announce
new investments,
commencement of work on
new projects and start of
operation of new units in the
State. A host of agreements
will be signed in the presence
of Chief Minister MK Stalin.
There will be announce
ments on 47 projects,
involving total investments
of ₹�28,664 crore. OUR BUREAU
QUICKLY
Q1 SCORECARD
HCL Technologies has reported a
net profi�t of ₹�3,214 crore for the
fi�rst quarter ended June 2021 p2
BEWARE THE DELTA
The Delta variant is up to 60 per cent
more transmissible than the Alpha strain,
says NK Arora of INSACOG p10
PROTECTING INVESTORS
SEBI proposes to introduce ‘swing
pricing’ to protect the interest of
longterm mutual investors p6
Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam
TUESDAY • JULY 20, 2021
MUMBAI
₹�10 • Pages 10 • Volume 28 • Number 200
AYUSHI KAR
Mumbai, July 19
The Patanjali Group, includingRuchi Soya, is on track to becoming the largest FMCGplayer in the country this yearovertaking Hindustan Unilever, according to Baba Ramdev. The Haridwarbased company crossed the₹�30,000crore revenue markin 202021 compared to HUL’srevenues of ₹�45,311 crore.
“We have already touched₹�30,000crore turnover thisyear. With the help of RuchiSoya, I am confi�dent that wewill achieve the goal of becoming the country’s largest FMCGplayer. The portfolio ofproducts that Ruchi Soya off�ersitself has a market size of ₹�5lakh crore. If you add to it Patanjali Ayurved’s extensiveportfolio, I have no doubt thatthis goal can be achieved,”Ramdev, founder of Patanjali,told BusinessLine.
Analysts scepticalHowever, analysts said the twocompanies are not strictlycomparable as Patanjali sellsmany lowmargin products.“HUL is No 1 in more than 80per cent of products with bestinclass margins in the segment. Patanjali has been struggling in its core FMCG. It’s doing reasonably well intoothpaste and hair oil. In most
other segments, it is performing below the initial market expectation. For the edible oilbusiness, that Ruchi Soyawants to break into, Marico’sSaff�ola is the only strong brandthere. Lowend edible oils arevery low margin and not reallyFMCG,” said Abneesh Roy, Executive Director, InstitutionalEquities, Edelweiss
Multi-pronged strategy Explaining plans to scale uprevenues, Ramdev said he hasundertaken a multiprongedstrategy, including rampingup marketing spend, enteringnew categories, and positioning Ruchi Soya as the group’sfl�agship brand for food, FMCGand wellness products.
Patanjali had acquired RuchiSoya through the insolvencyprocess in 2019 for ₹�4,390crore. Now, with sales of ₹�16,318crore, Ruchi Soya contributed54 per cent to Patanjali’s totalrevenue in FY 21. “We havetransformed it from a commodityfocussed fi�rm to anFMCG, health, and food company. We have brought in governance, professional manage
ment, transparency, andaccountability,” said Ramdev.
He wants to launch nutraceutical products under theRuchi Soya umbrella. “Theseproducts will be 100 per centorganic and plantbased with afocus on health and generalnutrition. We already have aportfolio of 25 products linedup, for which we have set upmanufacturing units and distribution. Ruchi Soya will alsobe launching a series of soybased products, as well as extravirgin palm oil, which is morenutritious than its refi�nedcounterpart,” he said.
Stagnating growthCritics point out that since201617, Patanjali’s growth hasstagnated. “Patanjali’s initialyears were really good but thenit lost its USP as other brandsstarted launching products tocounter the homegrownbrand. Ramdev and his teamwill have to grow 50 per cent tomatch HUL’s revenues. That's along shot going by the currentmarket sentiments,” said anindustry analyst.
Ramdev agrees that Pa
tanjali had hit a saturationpoint a few years back but insists corrective measures havebeen taken. “We will focusmore on marketing and distribution from now on. We areroping in celebrities as brandambassadors and are runningfocussed media campaigns. Weare also widening our productportfolio,” he said.
FPO aheadA listing of Patanjali Ayurved isalso on the horizon. For now,though, his immediate focuswill be on the upcoming followon public off�ering (FPO) ofRuchi Soya for raising ₹�4,300crore. A part of the proceedswill be used to settle the company’s debt.
Asked if Patanjali and RuchiSoya will cannibalise each other’s market share, Ramdev saidthat a noncompete clause hasbeen signed between the twocompanies. “Therefore, we arelegally bound to ensure thatRuchi Soya and Patanjali Ay
urved do not produceproducts that over
lap,” he said.
Hopes to leverage
Ruchi Soya portfolio
Patanjali will be India’s No 1FMCG company: Ramdev
“The portfolio of Ruchi Soya products has
a market size of ₹�5lakh crore. Ifyou add to it Patanjali’s, I have nodoubt this goal can be achieved”
BABA RAMDEV, Founder of Patanjali
Regd. TN/ARD/14/09-11, RNI No. 55320/94
OUR BUREAU
New Delhi, July 19
The government has dismissedreports on the use of Pegasus software to snoop on Indians, sayingthe allegations coming justahead of the Monsoon session ofParliament are aimed at maligning Indian democracy.
In a suo motu statement in theLok Sabha, Minister of IT and Telecom Ashwini Vaishnaw said thatwith many checks and balancesin place, “any sort of illegal surveillance” by unauthorised persons is not possible in India. Thestatement came after an uproarin both Houses over the report bya portal of an international media consortium that spyware Pegasus was being used to surveilIndians, including political leaders, offi�cials and journalists.
“A highly sensational story waspublished by a web portal yesterday night... a day before the Monsoon session of Parliament. Thiscannot be a coincidence. In thepast similar claims were made regarding the use of Pegasus onWhatsApp. Those reports have nofactual basis and were categorically denied by all parties... Thepress report of July 18, 2021 alsoappear to be an attempt to malign the Indian democracy and awellestablished institution.”
Surveillance on IndiansMore than 300 verifi�ed mobilenumbers, including of two ministers, over 40 journalists, threeOpposition leaders and a sittingjudge could have been targetedfor hacking through an Israelispyware sold only to governmentagencies, the consortiumreported.
Also read p9
Pegasus: Govtdismisses reportsof snooping
OUR BUREAU
New Delhi, July 19
SEBI is investigating someAdani Group companieswith regard to compliancewith the market regulator’sregulations, the FinanceMinistry informed Parliament on Monday.
Also, the Directorate ofRevenue Intelligence (DRI) isinvestigating certainentities belongingto the Group under laws administered by it.
This was statedby Pankaj Chaudhary, Minister ofState for Finance, ina written reply to aquestion raised byTrinamool Congress’Mahua Moitra, on foreignportfolio investors andAdani Group companies.
She had sought to know ifFPIs and/or Adani entities arebeing investigated by SEBI,IT, ED, DRI, or the MCA forsuspicious transactions.
Chaudhary, however,made it clear that no Enforcement Directorate probeis on of Adani Groupcompanies.
Currently, six companiesof the Group are listed andtraded on recognised stockexchanges. The holding ofFPIs in these companies isbased on daytoday tradingof shares and, thus, dynamic,Chaudhary said.
Chaudhary, however, didnot reveal in the reply which
Adani Group companieswere being investigated.Also, there was no mentionof when the investigationswere launched.
Clarification on FPI A/Cs In the written reply, the government also clarifi�ed thatthe three foreign portfolioinvestors — Albula Investment Fund Ltd, Cresta FundLtd, Apms Investment Fund— were not on the frozen listof the country’s securities
depository (NSDL) inrelation to their in
vestment in AdaniGroupcompanies.
“In a matterpertaining to issu
ances of global depository receipts(GDR) by certainIndian listed companies, SEBI, vide
order dated June 16, 2016,had directed depositories tofreeze particular benefi�ciaryaccounts of certain FPIs including Albula InvestmentFund Ltd, Cresta Fund Limited and APMS InvestmentFund Ltd. However, No orderin respect of other benefi�ciary accounts of these 3 FPIshas been passed by SEBI,”Chaudhary said in the written reply.
It maybe recalled thatshares of Adani Group companies had nosedived inJune after a media reportclaimed that three FPI shareholders of certain AdaniGroup companies were under NSDL’s frozen accountslist due to inadequate disclosures.
Compliance issues
cited; no ED probe
SEBI, DRI probing someAdani companies: FinMin
Pankaj Chaudhary,
MoS for Finance
Party time as UK unlocks
Patrons go ecstatic at London’s Piano Works, which opened its doors after 17 months on
Monday. Britain’s nightclubs are reopening, with almost all coronavirus rules set to be
scrapped AP
NARAYANAN V
Chennai, July 19
It’s been a blockbuster timefor OTT platforms duringthe pandemic. With peoplecooped indoors, theatresshut, increasing smartphone penetration anddata plans getting cheaper,OTT platforms havestreamed ahead. But withinthe OTT space, regionalchannels are taking thespotlight, recording unprecedented growth.
Take aha for instance. The100per cent Telugu streaming platform logged over1.5million paid subscribersand 40millionplus usersin just over a year of itslaunch in February 2020.
“Whatever benchmarkswe have set for ourselves,given the size of AndhraPradesh and Telangana, weare growing 2x to 3x ofthat,” Ajit Thakur, CEO, aha,said, adding, “We are acquiring more and morecontent and have been releasing new content everyweek since our launch.”
Not just aha. Many of theexisting regional web platforms have fl�ourished in
the past year even asdozens of new ones gotlaunched since the pandemic. For instance, nowthere is Neestream andKoode for Malayalam; Addatimes and Hoichoi(Bengali); Talkies (Tulu,Konkani, Kannada); OhoGujarati and CityShor.TV(Gujarati)’ Planet Marathi(Marathi); Regal Talkies(Tamil) and Sun NXT (Tamil,Telugu, Malayalam, Kan
nada, Bengali) to name onlya few.
The dearth of regionalcontent with global OTTplatforms — which are predominantly focussed onEnglish, foreign languagesand Hindi — has paved theway for the rise and rise ofregional OTTs.
Growing viewershipAccording to the latestFICCIEY report Playing bynew rules: Media and Enter-tainment Industry trends2020, the share of regionallanguage consumption onOTT platforms will cross 50per cent by 2025 easing pastHindi at 45 per cent. Theshare of regional consumption on OTTs stood at 30 percent in 2019.
Netfl�ix’s recent move tohave a dedicated Twitterhandle to promote SouthIndian content and thegrowing number of Holly
wood fi�lms and web seriesthat are getting dubbed inregional languages point toa battleinthemaking towoo the regional viewer.
“The amount of content aregional consumer canwatch on these major OTTplatforms is low. Manypeople in Chennai are noteven attracted to Hindi content. Why would they pay towatch a Korean or Turkishor a Mexican movie,” Sriram Manoharan, Founderof GudSho, askedBusinessLine.
Manoharan launched theOTT platform GudSho’ inApril and will stream content only in the four SouthIndian languages.
“Major OTT platforms arefocussed only in the urbanpockets. But, I think, theonly way to spread the scaleis to explore regional andpayperview as the revenuemodel,” he added.
Regional OTTs — full stream ahead Fuelled by the
dearth of local
content on
global platforms
The share of regional language consumption on OTT platforms
will cross 50 per cent by 2025, according to FICCIEY report ISTOCK
OUR BUREAU
Chennai, July 19
Even as public sector lender Indian Bank reported a signifi�cantincrease in its net profi�t for thequarter ended June 30, 2021,worries returned about the quality of its assets. Fresh slippagessoared to ₹�4,204 crore in thefi�rst quarter as against ₹�523crore in the corresponding previous period.
Total provisions stood at₹�2,290 crore during the lockdownhit June 2021 quarter compared to ₹�2,384 crore in the yearago quarter and ₹�839 crore inthe March 2021 quarter.
“Sequential increase in provisions was on account of a spikein bad loans during this quarterdue to lockdownrelated impact,” said Padmaja Chunduru,MD & CEO. The MSME segment
accounted for ₹�2,472 crore of thetotal slippages.
Gross NPAs stood at 9.60 percent of total advances, downfrom 10.9 per cent in the yearago quarter and 9.85 per cent inthe preceding quarter. However,net NPAs inched up marginallyon a sequential basis to 3.47 percent from 3.37 per cent but werelower than 3.76 per cent in Q1 oflast fi�scal.
Lockdown impactChunduru said though the Junequarter saw a spike in NPAs,caused by the lockdown and associated challenges, the bank isconfi�dent of maintaining
growth in bottomline as it hadidentifi�ed growth areas for a sustained performance.
Profit surges y-o-yFor the fi�rst quarter of this fi�scal,the bank’s net profi�t stood at₹�1,182 crore compared to ₹�369crore in the June 2020 quarter,when it announced the fi�rst results of a merged (with AllahabadBank) entity. But this Junequarter profi�t was down 31 percent compared with the ₹�1,709crore in the March 2021 quarter.
The net interest income grewmarginally to ₹�3,994 crore in Q1(₹�3,874 crore), while the noninterest income jumped 41 percent to ₹�1,877 crore (₹�1,327 crore)helped by rise in forex incomeand higher recovery.
“Post amalgamation, the synergy benefi�ts are coming interms of cost effi�ciencies as costto income ratio was at 40.80 percent in Q1 of this fi�scal as compared to 47.06 per cent in Q1 oflast fi�scal,” said Chunduru.
Slippages rise over
₹�3,680 cr yoy, led
by MSME segment
Padmaja Chunduru, MD & CEO
Indian Bank’s Q1 profit zooms,but rising NPAs cast a shadow
DEAL STREET
DEBANGANA GHOSH
Mumbai, July 19
Global private equity fi�rmBlackstone on Monday announced entering into a defi�nitive agreement to acquire over60 per cent stake in edtech anddigital skilling platform Simplilearn for $250 million.
The deal will see the exit ofexisting investors, Kalaari Capital, Helion Venture Partnersand Mayfi�eld Fund. But thestake of Simplilearn’s management will remain intact,Founder and CEO Krishna Kumar told BusinessLine
Amit Dixit, Head of Asia forBlackstone Private Equity, said:“This is Blackstone’s fi�rstprivate equity investment inAsia in a consumer technologycompany. Like many other sectors, technology is disruptingeducation and education technology has been a high conviction theme for Blackstone in India and globally.”
Kumar will use the funds to
expand Simplilearn’s presencein more markets by investing intechnology and people.
“We are looking to becomethe largest digital skilling company in the world. Beyond ourcore markets in India and theUS, we will now expand ourpresence to markets like LatinAmerica and Europe.
“We will be increasing moreuniversity and industry partnerships. We will be investingin our technology and team.Blackstone has a global presence.
“They have worked with companies of our size and helpedthem grow 10x in three years.We, too, are looking at experiencing a similar journey and learnfrom it,” Kumar said.
The platform currently has 2million paid users and has beenadding 70,000 free users and20,000 paid user every month.By 2023, Kumar estimated thatthe number of free users alonewill go up to 5 million plus.
Blackstone to pick 60% inSimplilearn for $250 million
OUR BUREAU
Bengaluru, July 19
Omnichannel eyewear brand Lenskart raised$220 million from Temasek and Falcon Edge Capital. Other investors, including Bay Capital andChiratae Ventures, also participated in thisround.
Founded in 2010, the D2C (direct to consumer)brand has raised a total capital of $774.6 millionacross 11 rounds till now. Last month, Lenskartraised $95 million from KKR and will be usingthose funds along with that from the currentround to expand its presence in India and abroad.
In the next threefour years, Lenskart will scaleup operations in SouthEast and West Asia. Thecompany will leverage the expertise and networkof its new investors, Temasek and Falcon Edge, toestablish itself in the new geographies. Lenskartsees a market opportunity of $15 billion in thesetarget geographies.
“Lenskart envisions to have 50 per cent of Indiawearing its specs over the next fi�ve years and become the leading eyewear platform in SouthEastAsia and West Asia over the next 1824 monthsthrough organic and inorganic expansion,” saidPeyush Bansal, Founder and CEO.
Along with the expansion, Lenskart will alsouse the capital to deepen its investment in technology and AIdriven innovations to create atailored experience for its customers.
Lenskart secures $220 mfrom Temasek, Falcon Edge
OUR BUREAU
Mumbai, July 19
Usedcar retailing platform Spinny has raised$108 million in a Series D funding round led byTiger Global. Besides another new investor, NewYorkbased Avenir Growth, the round saw participation from existing investor General Catalystand others.
The latest round includes a primary capitalinfusion of $105 million and a secondary sale of$3 million by some angels and earlystage investors. Tiger Global and Avenir Growth invested $75 million and $20 million, respectively, inthe round. The overall funds raised by Spinny todate amount to $230 million.
Fund deployment“The newly raised capital will be deployed towards further stepping up the customer experience, strengthening technology and productcapabilities, deepening market penetration inexisting markets, and building teams acrossfunctions. The company also aims to increase itsgeographic footprint in the country,” said apress release.
Niraj Singh, Founder and CEO, Spinny, said,“We are on a mission to build the most trustedand customer loving brand in a highly fragmented and unorganised market, known for itsnotoriety.”
Used-car retailer Spinnyraises $108 million
................BM-BMECMYK
MUMBAI
2 BusinessLine TUESDAY • JULY 20 • 2021NEWS
THILLAI RAJAN A.
The fi�rst step in setting up astartup is incorporation.There are diff�erent categoriesin which a startup can be incorporated, and it is very important to choose the category that aligns with thevision and ambition of thefounders.
Our analysis show that thePrivate Limited Company isthe most preferred format,with more than 82 per cent ofthe startups choosing thiscategory for incorporation.The private limited companyformat is best suited for getting external funding andachieve nonlinear growth.Limited Liability Partnership(LLP) and One Person Company (OPC) are the two otherformats with signifi�cant percentage share.
While these two formsprovide fl�exibility and ease ofcompliance, they are not themost suited for growth or forexternal funding. Thoughvery small, an interesting observation is the percentage ofstartups incorporated asnonprofi�t companies. An indication that companies withsocial motives have startedadopting the startup style offunctioning to be moreeff�ective.
Small and big citiesAs we all know, Tier1 cities account for a majority of thestartups. The top 8 cities in India account for close to twothirds of the startups,whereas the rest of India accounts for only onethird.Variations could be seen fordiff�erent incorporationformats between Tier1 andsmaller cities indicating thatawareness could play a role inchoice of incorporationformat.
For example, the percentage of startups that areprivate limited companiesare lower in Tier 2 and 3 cities
as compared to the percentage of OPCs. The fi�rst threestages in a startup lifecyclefrom the perspective of external funding are incubation, angel funding and venture funding. Both incubatorsand investors prefer to support startups incorporated asa private limited company.For example, while the percentage share of LLPs andOPCs that have been incubated are 2.1 per cent and 1.8per cent respectively, theshare of private limited company is 5.7 per cent.
On a separate note, two observations that catch the eyeis the high percentage shareof startups that are subsidiaries of foreign company andnonprofi�t companies in theincubated startups. Startupsthat are subsidiaries of foreign companies are attractiveto incubators and as we seelater, this trend persistsamong angel and VC investors as well. The role of incubators in supporting start
ups that are set as nonprofi�tcompanies should deserveapplause, more so when mostof them would fi�nd it diffi�cultto get investment from angelsand VCs.
Private limited companiesAngel and venture fundingtrends also show that theprivate limited companyformat is the most preferred.For example, the percentageof private limited companiesthat have received VC fundingis about 14 times higher thanthe percentage of LLPs. On adiff�erent note, investors seemto have an eye for startupsthat are subsidiaries of foreign companies. The percentage of foreign subsidiarystartups that have receivedangel funding is more thanthree times higher than thepercentage of private limitedcompanies.
The implication of the results to startup founders isclear. The choice of incorporation type is not an innocuous
decision but one that shouldbe chosen carefully given theimportance attached to it byinvestors.
Choosing a structure otherthan the private limited company can signifi�cantly aff�ectthe chances of getting angelor venture funding subsequently. However, incorporating as a private limitedcompany does not automatically get access to funding. Getting angel and venture funding in India is still a diffi�cultproposition as the samplenumbers indicate: Out of47,820 startups, only 2,520are incubated, 1,318 get angelfunded and only 589 get VCfunding. Entrepreneurs, whohave mountains to climb,should not be felled down bysmall hurdles right at the beginning of their journey.
(The writer is Professor, Centre
for Research on Start-ups and
Risk Financing, IIT Madras;
Associate, Harvard Kennedy
School, Harvard University)
How the legal form of a start-up impacts fundingDATA FOCUS
ABHISHEK LAW
Kolkata, July 19
Indians are still not aware ofthe threat perception of mobile phones, specially malwares that have over theyears been aff�ecting users,says Ritesh Chopra, DirectorSales and Field Marketing, India & SAARC Countries,NortonLifeLock.
Despite the country having the second largest mobile phone userbase globally, penetration of paidsecurity suites are in “singledigit percentages”.
NortonLifeLock Inc (NASDAQ:NLOK) is a USbasedsoftware company providing
cybersecurity software andservices.
According to him, smartphone users are yet to beconvinced about the needfor subscriptionbased off�erings including having additional antivirus suites orpaying for secure VPNs. Usersare happy with free off�eringsthat come preloaded onmost mobilephones ordownloadable from appstores.
Users, however, do notrealise most mobile phonesare more powerful thanlaptops and can have thesame level of specialisationas one. So they are equally
susceptible to attacks.Moreover, messaging appsmake devices prone to clickbaits.
“In India, people think mobiles are less vulnerable thanlaptops. But malware attacksthrough click baits have actually gone up on phones.For instance, you receive alink, you open it to read andthe virus will place itself
waiting to be activated,”Chopra told BusinessLine.
Similarly, using secureVPNs are yet to gain popularity in India as many believehome networks are safe.
“But we do not changeusername and passwords ofIDs. What is protected is thebandwidth. But, malwarecan do more damage bymoving between devices andnetworks,” he added.
Identity thefts According to Chopra, identity thefts are common andtargeted phishing attacksare up. NortonLifeLock’s survey reveals at least 72 percent of respondents are a victim of cyber crime; while 60per cent of these 72 (or 43per cent of the total) have
been hit by a cyber crime inthe last 12 months. And, atleast 45 per cent respondents have experienced identity theft.
“In absolute terms, 27 million Indians have experienced identity theft in 2020.Another 120 million have experienced cyber crime,meaning they may not be avictim but either they havebeen touched, or have aknown person or have averted a possible cyber crime incident,” Chopra said.
Price tweaksIn a bid to grow the market,NortonLifeLock has initiatedprice tweaks across its off�erings by “having a more universal and competitive pricing”.
Apart from devicespecifi�coff�erings at the consumerend, the company is lookingat “all in one” security suite— a one package coveringmultiple devices — under the‘Norton 360’ off�ering.
“Price points are now Indiaspecifi�c with costs beingas low as ₹�2 per day. We arecontinuously adding features to the security suites.For instance, there are plansto come up with off�eringstargeting gamers and optimize their device performances,” Chopra said.
Over the last few years, thecompany has been updatingpayment options that include accepting payment inINR, adding payment gateways and enabling debit andcredit card payment options.
‘Penetration of paid security suites are
only in single-digit percentages in India’
Mobile users still unaware of malware threats: NortonLifeLock’s Chopra
Ritesh Chopra, Director
Sales and Field Marketing,
India & SAARC Countries
YATTI SONI
Bengaluru, July 19
The Indian Sellers Collective, anassociation of online sellers,has written an open letter to Infosys founder NarayanaMurthy requesting him to partways with Amazon. The largestseller on Amazon India, Cloudtail, is a joint venture of Infosysfounder and Amazon. Othersmall sellers associations havealso time and again criticisedMurthy for the joint partnership with the global ecommerce giant.
In the latest letter, the sellerssaid, “Murthy, has been the idolof millions of Indians...but ithas been changing since 2014,because of Murthy being inpartnership with Amazonthrough a namelending ar
rangement with Cloudtail acting as a front for Amazon’s retail business and defi�ed theobjectives of the policies of theGovernment of India.”
The letter claimed that thisarrangement between Amazonand Murthy does not violate India’s FDI regulations on paper.However, in reality, it is the mysterious Hober Mallow Trustthat actually owns and controlsCloudtail. To support its claim,the sellers association said thesenior leadership of Cloudtailas well as the majority of boardmembers are all formerAmazon employees. The DPIITPress Note 2 of 2018 restricted ecommerce marketplaces likeAmazon and Flipkart from having more than 25 per cent stakein online vendors.
Sellers’ body urges Narayana Murthyto end partnership with Amazon
OUR BUREAU
Mumbai, July 19
Mahindra & Mahindra Ltd onMonday announced a recall ofaround 600 vehicles to inspect and replace faulty dieselengines.
The company has announced “proactive inspection and replacement of dieselengines in some of itsvehicles,” the company said ina statement. The vehicles weremanufactured at the company’s Nashik factory and arebeing replaced following suspicions of premature wear ofengine parts due to contaminated fuel received in the factory on a particular date, theautomobile manufacturersaid.
This is limited to a batch ofless than 600 vehicles manufactured between June 21 toJuly 2, 2021.
It did not specify the modelsthat were part of the recall andreplacement process. The passenger vehicle manufacturermakes vehicles such as theScorpio, Marazzo, Bolero andXUV300 at the Nashik factory.
M&M recalls600 vehicles overfaulty engines
OUR BUREAU
Bengaluru, July 19
Fintech unicorn Razorpayhas acquired TERA Finlabs, aconsumer lending and riskassessment startup.Launched in 2018, TERA Finlabs is an Indian subsidiaryof a UKbased digital lenderGAIN Credit.
The acquisition comes inthe background ofRazorpay’s entry into theSME (small and medium enterprise) lending space in2019. The fi�ntech companyhad started Razorpay Capital to solve liquidity andcashfl�ow challenges ofSMEs, by off�ering instant settlements and businessloans.
Customied productsTERA Finlabs has built customised credit products tomake consumer loans benefi�t both lenders and customers. The core advantage ofTERA lies in its AIbased riskmanagement and lendingplatform. This acquisitionwill help Razorpay instrengthening its capabilities in credit underwriting,datadriven risk management, and capital solutions.
Harshil Mathur, CEO andcofounder, Razorpay, said,“The team at TERA FinLabs
comes with exceptional domain knowledge in creditunderwriting and risk management and we see immense value in TERA Finlabscore lending infrastructurecapabilities. Together, weare looking forward to addressing newer workingcapital issues faced byMSMEs."
TERA will bring its entiretechnology stack, risk management capabilities, andonboarding solutions to create and enable a credit linefor Razorpay's merchantnetwork. Razorpay Capitalalong with TERA Finlab expects to service the creditneeds of over 10,000 businesses in India by the nextyear.
Razorpay Capital aims toprovide an accessible lending solution to such underbanked small businesses.Many fi�ntech startups likeCapitalFloat, LendingKart,
Paytm, and MobiKwik havealso been targeting thismarket opportunity.Covid19 pandemic hasdrastically impacted smalland medium businesses, byshrinking their earningsand pushing them to adaptto a digitalfi�rst world.
Embedded creditPradeep Rathnam, CoFounder and CEO, TERA Finlabs, said, “In the last 16months, SMEs have startedto show rapid growth withtheir adoption of digital.And this has created an opportunity for signifi�cant disruptions in the lending sector — Embedded Credit isone such innovation thatI'm certain will transformthis space.”
Founded by Mathur andShashank Kumar in 2014,Razorpay claims to be witnessing a 4045 per centgrowth, monthonmonth,and a $40 billion TPV (TotalPayment Volume) currently.Prior to TERA Finlabs,Razorpay acquired Thirdwatch, an Artifi�cial Intelligencedriven company thathelps reduce ReturntoOrigin (RTO) fraud losses in ecommerce, and Opfi�n, apayroll management software company.
Harshil Mathur, CEO
Razorpay acquires TERA Finlabs tostrengthen SME lending business
OUR BUREAU
Mumbai, July 19
Leading cement companyACC’s net profi�t more thandoubled in the June quarterto ₹�569 crore, against ₹�271crore logged in the sameperiod last year, largely dueto higher production andbetter realisations. Sales
were up 51 per cent at ₹�3,810crore (₹�2,520 crore) in thequarter under review whilevolume increased to 6.84 million tonnes (4.76 mt). Ebitda
was higher at ₹�869 crore(₹�525 crore). Net sales realisation was up two per centat ₹�5,153 a tonne (₹�5,050 atonne).
Raw material cost was up37 per cent at ₹�543 a tonne(₹�397 a tonne) while powerand fuel expenses were up 27per cent at ₹�1,183 a tonne(₹�932). Freight cost increasedfi�ve per cent to ₹�1,278(₹�1,220) a tonne.
Sridhar Balakrishnan, Managing Director and CEO, ACC,said the company has managed to post better perform
ance with a strong focus onsupply chain effi�cienciesand cost optimisation.
Waste Heat Recovery System projects at various sitesare progressing well and thelarge cement capacity expansion project at Amethain Madhya Pradesh hascommenced.
New productsThe company will focus onnew product developmentsto launch green, valueadded and innovativeproducts, he said.
Focus on supply-chain
efficiencies, cost
optimisation boosts
performance
Sridhar Balakrishnan,
Managing Director and CEO
ACC net more than doubles in June quarter on higher output
OUR BUREAU
New Delhi, July 19
Noidabased HCL Technologies (HCL Tech) on Mondaysaid its Board of Directors hasapproved the resignation ofShiv Nadar as the ManagingDirector and appointed himas the Chairman Emeritusand Strategic Advisor to theboard.
C Vijayakumar, Chief Executive Offi�cer, has been giventhe additional designation ofManaging Director.
“Shiv Nadar, Chief StrategyOffi�cer and Managing Director of the company, on completing 76 years of age, hastendered his resignation asthe Managing Director as wellas the Director of the company with eff�ect from close ofbusiness hours on July 19,2021,” HCL Tech said in astatement.
In July last year, Nadar hadexpressed his desire to stepdown from the position of
Chairman. Roshni Nadar Malhotra was appointed as NonExecutive Director and theChairperson of the Board ofDirectors and the company.
June quarter performanceMeanwhile, the company reported a consolidated netprofi�t of ₹�3,214 crore for thefi�rst quarter ended June, up 10per cent yearonyear (YoY)compared to ₹�2,925 crore inthe corresponding period lastyear.
Its revenue grew more than12 per cent to ₹�20,068 crore(₹�17,841 crore).
The company’s board approved an interim dividend of₹�6 per equity share of ₹�2 each
of the company for 202122.“With the second wave of
the Covid19 pandemic acrossIndia, we remain sharply focused on protecting the wellbeing of our employees andtheir families. Extensive support services were provided tothe families on a war footing,while our employees and clients rallied to support eachother despite all odds,” Vijayakumar said.
Confident of growthHe said the company remainsconfi�dent of a good quarteronquarter growth for the restof this year, enabled by 37 percent YoY growth in bookingsand 7,500+ net hiring thisquarter.
At the end of the Junequarter, HCL Tech had 1,76,499employees with a net addition of 7,522 people. Its attrition for IT services (on last 12month basis) was at 12 percent.
Shares of HCL Tech ended at₹�1,000.20 apiece on the BSEon Monday, down 0.47 percent from the previous close.
Company posts
10% rise in Q1 net
Shiv Nadar steps down as HCL TechMD, appointed as Chairman Emeritus
Shiv Nadar
PRESS TRUST OF INDIA
Mumbai, July19
German premium car makerAudi on Monday announced aslew of digital initiatives, daysbefore the launch of its luxuryelectric SUVs etron which willmark the company's entry intothe rapidlygrowing domesticelectric vehicle (EV) space.
The car maker is set to roll outetron 50, Audi etron 55 andAudi etron Sportback 55 in theIndian market on July 22.
The bookings for the Audi etron had commenced fromJune 29 for an initial amount of₹�5 lakh.
The digital solutions willhelp customers be informedabout the current charge available, the range that can becovered keeping realtime driving conditions in mind, and thedistance to the nearest compatible charging station, in case acharge is needed, among others, the company said in astatement.
The car maker said all theseinitiatives will be available onmobile app, 'myAudi Connect'.
"Customer centricity is integral to our strategy. In line withthis, we are off�ering several digital solutions for our EV customers to make their ownership experience, hasslefree andenjoyable," said Balbir SinghDhilon, head of Audi India.
Audi announcesdigital initiativesfor e-vehicles
OUR BUREAU
Mumbai, July19
The Securities AppellateTribunal (SAT) on Monday reserved its order in the ₹�4,000crore deal involving PNB Housing Finance Company's (HFC's)preferential allotment ofshares to private equity majorCarlyle and objections raisedby market regulator SEBI.
The regulator objected to thedeal saying that PNB HFC hadnot stuck to the valuation metrics per norms. In its rejoinderon Monday, SEBI said there wasa fundamental fallacy in PNBHFC's arguments wherein itwas overlooking the true meaning and import of Issue of Capital and Disclosure Regulations(ICDR) and its own articles ofassociation (AOA).
PNB HFC had announced thepreferential allotment ofshares worth ₹�4,000 crore toprivate equity fi�rm Carlyle,which will also give it management control. A proxy advisoryreport by Mumbaibased SEShad said that Carlyle was getting control of PNB HCF, whichcould cause a loss to minorityshareholders. After this, SEBIobjected to the deal. In SEBI'sview, the ICD regulations laydown the fl�oor price for the issue of shares and several preferential issues are made by listed companies over and abovethe price delivered as per cri
teria mentioned in the regulations 164. The pricing of such issues is not in violation of theregulations. On this argument,SAT said that regulation 164also reads “higher of the following” suggesting that it waswrong to say that ICDR onlyprovides for a minimum price.
At a fair priceThe lawyers for the otherparties in their rejoinder argued that the acquisition ofshares by Carlyle group andother investors was at a fairprice and benefi�cial to the interest of the company's existing investors. They further argued that PNB HFC was in direneed of funds and its singlelargest shareholder PNB wasbarred by the RBI from investing any further capital into PNBHFC. The further argument wasthat the investment by Carlylegroup and others was perceived as positive by the market, due to which the shareprice of the company had appreciated considerably benefi�ting the existing minority shareholders. Thus SEBI'sintervention in the matter wasmisplaced.
The lawyers further said thatSEBI's mandate was only to seeif its own regulations havebeen complied with and thepreferential issue was in compliance with all the rules.
SAT reserves order in PNB HCF, Carlyle deal
PRESS TRUST OF INDIA
New Delhi, July 19
The National Company LawAppellate Tribunal onMonday stayed industrialistAnil Agarwal's Twin Star Technologies’ ₹�2,962.02 croretakeover bid of debtriddenVideocon Industries.
A twomember NCLATBench headed by its Offi�ciating Chairperson Justice AISCheema stayed the orderpassed by the Mumbai Benchof the National Company LawTribunal on June 9.
The National Company LawAppellate Tribunal’s(NCLAT) directioncame over two petitions fi�led by unsatisfi�ed creditors — Bank ofMaharashtra and IFCILtd.
Notices issuedThe appellate tribunal has issued notices to the Committee of Creditors, the Resolution Professional of Videoconand the successful resolutionapplicant Twin Star.
It has asked them to fi�le thereply within two weeks anddirected to list the matter onSeptember 7 for the nexthearing.
Confi�rming the development, advocate Chaitanya BNikte, who had fi�led a petitionon behalf of the Bank of Ma
harashtra, told PTI that theNCLAT has stayed the NCLT order, approving the bid.
“Bank of Maharashtra hadgone for an appeal, challenging the said order. The NCLATafter considering the contentions of Bank of Maharashtrastayed the orders of theNCLT,” he said.
According to Nikte, whilepassing the order approvingTwin Star’s bid, the NCLT hasnot considered the grievancesof Bank of Maharashtra andwas directed to pay anamount lesser than the li
quidation value.
Total claimsVideocon Industriesand its 12 group com
panies had a total admitted claims of ₹�64,838.63
crore.“Since this is the commer
cial wisdom of the CoC and asper the various judgements ofthe Supreme Court and by following the judicial precedents, discipline the Adjudicating Authority (NCLT)approves the resolution planof the Successful ResolutionApplicant with a suggestion,request to both CoC and theSuccessful Resolution Applicant to increase the payoutamount to these OperationalCreditors especially MSMEs,”the NCLT had earlier said.
NCLAT stays Twin Star’stakeover bid for Videocon
................BM-BMECMYK
MUMBAI
BusinessLineTUESDAY • JULY 20 • 2021 3NEWS
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 thisnewspaper/company be heldresponsible/liable in any mannerwhatsoever for any claims and/or damagesfor advertisements in this newspaper.
OUR BUREAU
New Delhi, July 19
GST compensation to Statesand three Union Territoriesof over ₹�81,000 crore is stillpending for FY21, while forthe fi�rst two months of FY22alone, the amount is over₹�55,000 crore. This information was shared by Ministerof State for Finance PankajChaudhary in the LokSabha.
GST compensation is paidbimonthly for shortfall inrevenue collection — below14 per cent per annum. Thisis to be paid through compensation cess levied onitems such as motor car andtobaccobased products.From last fi�scal, compensation cess and special borrowing are being used tobridge the gap.
In a written answer to unstarred question in Lok
Sabha, Chaudhary said thatthe economic impact of thepandemic has led to highercompensation requirementdue to lower GST collectionand lower GST compensation cess.
“GST compensation of₹�91,000 crore has been released to all States/ UTs topartly meet the compensation payable for April 2020to March 2021, as the
amount in GST Compensation Fund was not adequateto meet the full compensation requirement,” he said.This amount is from compensation cess.
Special window borrowingBased on deliberations during the 41st, 42nd and 43rd
meeting of the GST Council,it was decided to borrow₹�1.1lakh crore and ₹�1.59
lakh crore for FY21 and FY22,respectively, under a specialwindow, and was passed onto the States as backtobackloan to help them meet theresource gap due to shortrelease of compensation onaccount of inadequate balance in the CompensationFund.
For FY21, the entireamount was borrowed,while for FY22, ₹�75,000crore has been raised andpassed on to the 28 Statesand three Union Territories(with legislature).
In addition, dependingon the amount available inthe Compensation Fund, theCentre has also been releasing the regular GST compensation to States to makeup for GST revenue shortfall,Chaudhary said.
Borrowing by the Centrehelps raise money at a lowercost. The interest and principal amount will be repaidthrough compensation cesscollection. Also, this borrowing is not aff�ecting theCentre’s borrowing plan tomeet its fi�scal defi�cit.
Amount pending
for fi�rst two
months of FY22 is
over ₹�55,000 crore
Pending GST compensation for period Apr ’20- Apr-May Mar ’21 2021
Total 81,179 55,345
Top States/UT
Maharashtra 15,138 7,995
Karnataka 7,202 5,500
Uttar Pradesh 7,109 4,048
Gujarat 6,583 3,603
Tamil Nadu 6,155 3,574
Delhi 5,190 2,823
West Bengal 3,911 2,157
Punjab 3,752 3,124
Rajasthan 2,981 2,361
Andhra Pradesh 2,493 1,559Source : Lok Sabha Q&A
Provisional GST compensation yet to be released to States/ UTs
(in ~ cr)
Over ₹�81,000 cr due to States, UTsas GST compensation for FY21
OUR BUREAU
New Delhi, July 19
The government has collected over ₹�94,000 crore fromcentral excise duty on petroland diesel during AprilJunequarter of current fi�scal, theFinance Ministry told LokSabha on Monday.
Though the written answergiven by Minister of State inFinance Ministry PankajChoudhary does not have fi�gures for the correspondingperiod of last fi�scal, data released by the Controller General of Accounts (CGA) gives acomparative picture. The collection from central excisecomes mainly from petroland diesel and CGA said thatnet amount (gross minus refund) under this head forAprilJune period of FY21 was₹�35,347 crore.
When asked whether thegovernment has room to cut
the cess levied on petrol anddiesel by ₹�4.5 per litre to easeinfl�ationary pressureswithout a net loss in revenue,Choudhary said that domestic prices of petrol anddiesel have been marketdetermined since June 26, 2010and October 19, 2010 respectively. Public sector oil marketing companies (OMCs) pricepetrol and diesel in line withthe international productprices and other market conditions, he explained.
Excise duty hikeJustifying the excise duty hikeduring the last couple ofyears, he said, “The exciseduty rates have been calibrated to generate resourcesfor infrastructure and otherdevelopmental items of expenditure keeping in view the
prevailing fi�scal situation.” Choudhary also mentioned
that the average share of central excise duty on petroleumproducts from 201718 to202021 in gross revenue collected by the Centre was 12 percent.
On the issue of bringingpetrol and diesel under GST,he said that Article 279 A (5) ofthe Constitution prescribesthat the Goods and Service TaxCouncil will recommend thedate on which the GST will belevied on petroleum crude,high speed diesel, motorspirit (commonly known aspetrol), natural gas and aviation turbine fuel (ATF). Also,as per the Section 9(2) of theCGST Act, inclusion of theseproducts in GST will requirerecommendation of the GSTCouncil.
Net amount under
this head for same
period last year was
₹�35,347 cr: CGA
Q1 excise duty collection onpetrol, diesel over ₹�94,000 cr
OUR BUREAU
Mumbai, July 19
The bottomline of Indian companies improved signifi�cantlyin FY21 due to the triple benefi�tof low interest cost, expenditure reduction and low taxes, according to State Bank of India’seconomic research report“Ecowrap”.
The reduction in eff�ective taxrate (ETR) in FY20, coupled withaprolonged low interest rate regime fuelled by the pandemic,seem to have been a blessing indisguise for India Inc duringpandemic year, the report said.
Referring to the roller coasterride in the corporate space inFY21 and FY22 so far, even asaround 4,000 listed entities reported 5 per cent decline in topline in FY21, EBIDTA (earningsbefore interest depreciation,taxes and amortisation) andPAT (profi�t after tax) grew by 24per cent and 105 per cent respectively over FY20, the report
added. “Most importantly, 15sectors have now reduced loanfunds by around ₹�2.09lakhcrore during the pandemicyear FY21. “Sectors such as refi�neries, steel, fertilisers, textiles, mining, etc have reducedtheir loan funds in 664 per centrange in FY21,” said SaumyaKanti Ghosh, Group Chief Economic Adviser, SBI.
Reduction in ETREcowrap said the ETR for the4,000 listed entities fell from 35per cent in FY20 to 26 per cent inFY21 though actual tax paid increased by more than ₹�50,000crore to ₹�1.90lakh crore in FY21from ₹�1.40lakh crore in FY20.Many sectors, including engineering, realty, automobiles,
trading etc. had reported ETRreduction ranging from 124per cent in FY21 compared toFY20, it added. “Despite this, taxcollections have been impressive in FY22 with corporation taxrevenue at record highs,”Ghosh said. He emphasised corporate tax collections havebeen the best in two decades.
SBI’s economic research department shows that the cut intaxes in FY20 has contributed 19per cent to the top line ofsample sectors during pandemic with sectors like cement,tyres and consumer durablesshowing signifi�cant contribution even in excess of 50 percent.
Low interest rate helped Ghosh said that an extendedperiod of low interest rate havealso helped companies inmassive deleveraging and contributed, on an average, 5 percent to the overall top line. Sectors like consumer durables,healthcare and cement have benefi�tted the most.
In terms of expenditure cut,the report assessed that theoverall contribution to toplinehas been as much as 31 per cent
with most companies fi�ndingnew ways to navigate throughthe pandemic.
Sectors like apparel and refi�neries have cut cost by asmuch 107 per cent on an average. Expenditure has, however,climbed up in sectors likemetals, agro chemicals, amongothers, refl�ecting the increasein input costs with a surge inglobal commodity prices.
The report said that employee costs have been cut onan average by 3 per cent in FY21.
“Interestingly, with robustdirect tax collections, especiallycorporation tax, in Q1FY22, webelieve that the gap betweenGVA (gross value added) andGDP (gross domestic product)will be large, as the GDP growthwould be buoyed by the taxes,”Ghosh said.
With the RBI hinting at an extended period of accommodative policy, SBI’s report believesthat this augurs well for bettercorporate results and hence robust tax collections. The department added this could begin anew investment cycle, thesooner the country is able toreach a critical vaccinationmass.
Cut in FY20 effective
tax rate, extended
low interest regime
helped: SBI Ecowrap
Employee costs cut on an
average by 3 per cent in FY21
‘Profi�ts of India Inc improved markedly in FY21’
KR SRIVATS
New Delhi, July 19
The CA Institute has nowsought stakeholders comments on International Accounting Standards Board’s(IASB’s) new exposure draft ofrevised “Practice Statementon Management Commentary” that is intended to helpentities provide managementcommentaries meet the information needs of investorsand creditors in a better way.
This exercise is seen as useful, given that investors andcreditors these days ask for information that complementsan entity’s fi�nancial statements to provide more insight into its longterm prospects. Stakeholders havebeen asked to send in theircomments by October 1 thisyear, sources close to the de
velopment said..
IASB’s aimThe IASB’s main aim in revising the practice statement isto develop comprehensive requirements that focus on information that investors andcreditors need and guidanceto help management identifythat information and presentclearly.
IASB’s proposals are designed to provide a suffi�cientfl�exibility for a company to beable to tell its unique story, focusing on what is importantto the company’s longtermprospects.
Aims to meet
information
needs of investors
Stakeholders asked to send
comments by October 1
CA Institute invitesstakeholders’ views
MANAGEMENT COMMENTARY
OUR BUREAU
New Delhi, July 19
The Ministry for Petroleum &Natural Gas has given its nodto seven companies including State public sector undertakings to market transportation fuels
“Under the Resolutionframed in 2019, MoPNG hasgranted marketing authorisation to a substantial number of entities (7) within aperiod of about 1½ years despite the Covid19 pandemicdisruptions,” the Ministrystated.
These entities include IMC,Assam Gas Company, OnsiteEnergy, MK Agrotech, RBMLSolutions India (RSIL) andManas Agro Industries and Infrastructure. The seventh entity in this list is Reliance Industries (RIl) but the Ministryclarifi�ed that this authorisation is required as RIL’s existing Retail Marketing Authorisation has been transferredto its subsidiary RBML.
The resolution prescribesframework for authorisationto market transportationfuels. It applies for marketingof only motor spirit (petrol)and highspeed diesel for‘Bulk’ and ‘Retail’ business.
Net worth requirementAn entity desirous of seekingauthorisation for either retailor bulk must have a minimum net worth of ₹�250crore at the time of makingapplication. In case authorisation is required for both retail and bulk, minimum networth will be ₹�500 crore.
For retail authorisation, anentity has to set up at least100 retail outlets, of which 5per cent should be in the notifi�ed remote areas within 5years of the grant of authorisation. An eff�ective mechanism (bank guarantees) hasbeen prescribed to ensurethat the entity deliver on itscommitment to set up theROs in remote areas. Further,bank guarantee is also required to be furnished formaintaining marketing discipline.
Under the said Resolution,the authorised entities are required to install facilities formarketing at least one newgeneration alternate fuelslike compressed natural gas(CNG), biofuels, liquefi�ednatural gas (LNG), electricvehicle charging points etc. attheir proposed retail outletswithin three years of operationalisation of the saidoutlet.
Govt nod for 7fi�rms to markettransport fuels
SHISHIR SINHA
New Delhi, July 19
The Delhi High Court ordereda CBI enquiry in a case wherean email was sent to a taxpayer from the offi�cial emailid of the Income Tax Department. The department hasdisowned the mail.
“As the allegation pertainsto a sensitive server belonging to the Ministry of Finance/Department of IncomeTax and involves a senior offi�cial of the Income Tax Department holding a sensitivepost, this Court directs theCentral agency, namely Central Bureau of Investigation(CBI) to enquire as to whetherthe email dated May 31, 2021had been issued to the petitioner or not, and if so, bywhom,” a division bench ofJustices Manmohan andNaveen Chawla said in a ruling dated July 16.
AdjournmentThe petitioner, Three CHomes, on May 31 at around 2pm, sought adjournment andextension of time from the Income Tax Department to submit his reply.
He cited the reason that theResolution Professional ofthe Petitioner was unable toaccess various recordsdue tolockdown imposed by the Uttar Pradesh Government.
On the same day at around4 pm, he got an e mail fromthe email id ‘[email protected]’ granting an adjournment till June 14.However, he received Assess
ment Order dated June 1 onJune 2.
The petition challengedJune 1 order stating that adjournment was already beengranted.
During the hearing, counsel for the department raisedserious objection on the May31 mail granting adjournment. He said that the mail“which was the basis for fi�lingthe writ petition had not originated from the offi�ce of therespondent.”
Therefore, he prayed thatthe writ petition be dismissed. The bench asked thepetitioner to fi�le an additional affi�davit clearly statingthe source of this communication, along with an appropriate affi�davit under Section65B of the Evidence Act. Itwas submitted.
Counter-affidavitHowever, in the counter affi�davit, the department reiterated all communications tothe petitioner by the respondent had originated from theemail id ‘delhi.dcit.cen6@in-
cometax.gov.in’. The deponent of the counter affi�daviteven went to the extent ofstating that the petitionerhad prima facie committedpenal off�ences under Sections191 (giving false evidence), 192(fabricating false evidence)and 196 (using evidenceknown to be false) of the IPC.
Though the departmentoff�ered to ascertain source ofthe email from the Directorate of Systems, who is havingcontrol over all income taxsystems, the bench called thisas too late in the day.
“Any reasonable offi�cialwould have conducted thesaid enquiry before fi�ling hiscounter affi�davit and beforemaking a serious allegationof perjury and forgery, even ifprima facie, against the deponent of the writ petition,”the bench said and orderedenquiry by CBI.
It also asked CBI to submitits report within four weeks.It clarifi�ed that if mail datedMay 31 is found forged andfabricated by the petitioner,then action will be takenagainst him.
But if it is found that mailwas issued by the department’s portal, then actionwill be taken against whofi�led counter affi�davit on behalf of the department.
Assessment Officer
denies sending
mail from that ID
Delhi HC orders CBI probe over mail from‘DONOTREPLY@incometaxindiaefi�ling.gov.in’
WXThe Bench asked the
petitioner to file an
additional affidavit
clearly stating the
source of this
communication
PRESS TRUST OF INDIA
Mumbai, July 19
There has been a ‘V’shapedrecovery in resumption afterthe second wave of the pandemic, and business activityis now closing in on the prepandemic levels, a report bya Japanese brokerage said onMonday.
The ‘Nomura India Business Resumption Index’(NIBRI) accelerated to 96.4for the week ended onSunday from 94.9 in the previous week, and is now only3.6 percentage points (pp)below prepandemic levels.
Mobility indicators, suchas Google’s workplace and retail and recreation mobilityindices, continued to rise (up2.4 pp and 5.1 pp, respectively, as compared to the preceding week), as did theApple driving index (up 3.9pp).
Power demand fell 2.8 percent, after rising 1.4 per centin the previous week to prepandemic levels.
‘V’shapedrecovery seen onresumption ofbusiness: Nomura
................BM-BMECMYK
THINK
The Taliban, quite obviously with Pakistani backing, has embarked ontotally exaggerated
claims of its “successes,” after theAmericans fi�nally withdrew fromAfghanistan, at the Bagram Airbase,near Kabul. Its strategy is quiteclearly, to make exaggerated and invariably false claims, about its “conquests,” all across Afghanistan.
The reality is that the Taliban hasthe capability for attacking and taking over towns in the country’sSouth, close to the border withPakistan. It, however, does not havethe ability to retain control oftowns, which are distant from thecountry’s Southern borders. EvenKandahar, which is close to the disputed Durand Line, which separates Pakistan and Afghanistan, canonly be threatened, with someareas, even taken over, temporarily.Areas captured by the Taliban, cannot, however, be held by them, atpresent, for any length of time.
Using sharp propaganda,Pakistan and its Taliban allies arepushing the line that the Talibancontrols 85 per cent of the territoryof Afghanistan. The reality is that the Taliban ispresently capable only ofcapturing individualtowns and villages.
Moreover, the Talibanhas not taken full controlof even one major urbancentre. While India haswithdrawn its Indian staff� members from its Consulate in Kandahar, the Consulate has not beenclosed. In a recent drama staged bythe Taliban and its Pakistani back
ers, the claim was made that theyhad captured the border town ofQalaiNaw, on the AfghanistanIranborder, on July 9.
With the Afghanistan government deploying troops immediately to successfully “fully retake”the town, it has been establishedthat there are now even local militias, ready to challenge the Taliban.Moreover, the reality is that Iran hasmade it clear that it will respondstrongly to any attack on the Shia,Hazara population, which inhabitsareas in western Afghanistan.
While the Taliban caught the security forces on Afghanistan’s western borders by surprise, thestrongest leader in that area, AtaMohammad Noor, has made itclear, that the Taliban’s eff�orts in hisBalkh Province will be responded tostrongly. Noor had requested for Indian support when he visited Indialast year. He is regarded as one ofthe most respected commanders inAfghanistan, though he, like someother regional leaders, has seriousdiff�erences with Afghanistan’s President, Ashraf Ghani.
The Taliban has a close relationship with several Pakistani terroristgroups, like the LashkareTaiba andthe JaisheMohammed, which arereportedly reinforcing Talibanforces in Southern and EasternAfghanistan. Noor was clearly anticipating this Taliban off�ensive, evenlast year. He had joined the Uzbekleader Rashid Dostum last June, foruniting the Tajik, Hazara and Uzbek
communities in a new“Coalition for the Salvation of Afghanistan.”
The Iranians havemade it clear that theywill not tolerate any attempt to attack, or causeharm to their ShiaHazarabrethren, in Afghanistan.
This is as applicable to the Taliban,as it is to their Pakistani backers.What we are now seeing is anarmed, Pakistan backed, PashtunTaliban, endeavoring to take on eth
nic communities, which constitute55 per cent of the population ofAfghanistan. These Taliban fi�ghtersenjoy little support, even from theirfellow Pashtuns, who constitute 45per cent of the country’s population.
These are realities that are surelyunderstood by the Pakistanis andtheir Taliban protégés. Moreover,the Afghan Taliban is fully awarethat within Pakistan and especiallywithin the Pashtun tribal areas, bordering Afghanistan, there is immense anger towards the Pakistanarmy. This army reduced severalareas the Pashtuns inhabited, torubble, in its operations againstPashtun towns and villages, justover a decade ago. Moreover, themedieval orthodoxy practiced bythe Taliban is hardly acceptableacross Afghanistan, where millionshave received modern educationand have enjoyed democraticfreedoms over the past twodecades.
Interestingly, the Taliban publicly shares the beliefs of itsPakistani mentors, when it comesto relations with China, where onemillion Uighur Muslims, in China’sneighbouring Xinjiang Province,are under detention. The TalibanSpokesman Suhail Shaheen re
cently described China is a “friend”of Afghanistan, from whom theTaliban expected investments forreconstruction.
The Taliban Spokesman added:“We have been to China many timesand we have good relations withthem”. The Taliban has also madeno eff�ort to attack the Capital, Kabul, as it is well defended.
There are now a number of Conferences being held by regional organisations, like the Shanghai Cooperation (SCO) on Afghanistan,where one fi�nds India and Pakistanparticipating. These Conferencesare marked by pious pronouncements, by participants. Preciouslittle, by way of a constructive dialogue emerges from such meetings.While most members have contactsand negotiations with the Taliban,there has been little progress, inmoves for peace and economicgrowth in Afghanistan.
The UK based, and wellinformedPakistani journalist, Ayesha Siddiqanotes: “As far as China’s longtermplanning is concerned, it seems tohave got what it wanted — gettingthe US forces out of Afghanistan”.She adds that Russia feels similarlysatisfi�ed, and notes: “The Afghanarmy may not be the strongest, butit certainly has some capacity to
fi�ght”. While Imran Khan and hisForeign Minister, Shah MahmoodQureishi, may make claims of greatsuccesses, by getting the Americansout of Afghanistan, the consequences of their actions, will result in a long term internal confl�ictin Afghanistan.
The Taliban will seek control ofNorthern Afghanistan, while establishing close ties with their Pashtunbrethren in the neighbouring tribal areas of Pakistan.
The Pakistan army’s actions inthese tribal areas have left deepscars in the minds of their Pashtuns. The Taliban also never recognised the Durand Line as an international border.
Whipping up Pashtun nationalism in Afghanistan, after havinglaunched military operationsagainst Pashtuns in Pakistan, is setto leave Pakistan with serious problems. While Imran Khan has beengrumbling that US President JoeBiden has never spoken to him, heseems forget that the Americans arenot going to forget his, or his country’s role, in their losing out to theRussians and Chinese inAfghanistan.
The writer is a former High
Commissioner to Pakistan
The Taliban’s military ‘successes’ are gross exaggerations. They are incapable of even holding on to the towns they have captured
Keeping vigil A file picture of an Afghan militia fighter keeping a watch against Taliban insurgents in Balkh ProvinceAFP
Untangling the Afghanistan knot
G PARTHASARATHY
It is amazing to see how littleit takes to get the communalcauldron boiling in ourcountry. Once again, two
days before the Muslim festival,#BakriEid, was trending on Twitter. Predictably, selfproclaimedprotectors of Hindus were taunting PETA for remaining silentwhen goats were going to be sacrifi�ced for the festival. One tweetwith the image of a goat said:“Hey PETA, Eid is coming will yousave me?? Or you work only during Hindu festivals?” Another, referring to the killing of Pulitzerprize winning photo journalist inAfghanistan, Danish Siddiqui,said: “#Covid hotspot Kerala hasrelaxed restrictions for Eid. Toobad #Danish Siddiqui isn’taround to take pictures.” The sarcasm cannot be missed.
The way in which some peopleon social media, particularlyTwitter, celebrated the killing ofthe courageous photo journalist,
well known for his brilliant photographs of the Rohingyarefugees, a mob thrashing a manduring the antiCAA protests,farmers protest, and many otherpoignant pictures, was heartbreaking.
Anyway, returning to the celebration of Bakri Eid, the criticismof the Kerala government for athreeday relaxation of the lockdown to facilitate shopping at atime when Covid cases are goingup in the State, is totally justifi�ed.Allowing a congregation of lessthan 40 people in mosques during a pandemic such as the onewe are undergoing, is a terribleadministrative call.
Particularly after the suff�eringand trauma this country faced sorecently during the peak of thesecond wave, and when a thirdwave appears imminent, goingby most health experts. If holdingthe Kumbh Mela was a suicidaldecision, and the Kanwar Yatra,scheduled to begin on July 25, hasbeen cancelled, then let Bakri Eid,too, be celebrated at homes, insmall family gatherings.
The UP government was forcedto call off� the Kanwar Yatra on theintervention of the SupremeCourt, which said it cannot allowthe UP government “to hold 100
per cent physical Kanwar Yatra inview of Covid”, and observed thatreligious sentiments are subservient to the Right to Life. The Maharashtra government hasrightly announced restrictionsand asked people to off�er prayersat home. It said that as all religious places have been shut dueto Covid, and that Eid congregations will not be allowed inmosques.
Meat will have to be bought online or delivered as livestock markets are shut, and citizens havebeen asked to make “symbolicsacrifi�ce”. Muslims leaders fromthe Congress were up in arms last
year at the “symbolic sacrifi�ce”bit, but when human lives are atstake, religious traditions have totake be put on hold. Or, why notdefer it? Make the sacrifi�ce whenyour State allow it. Where publichealth and safety are concerned,and never before have these beenmore fragile, then any and everyreligious belief has to take a backseat.
Actually, it should be our religious leaders asking the government to cancel a Kumbh Mela orlarge Eid gatherings. But the unfortunate reality in India today isthat each religion feelsthreatened and, ironically, thisincludes the majority religion!So, instead of preaching senseand calm during the pandemic,most religious leaders are busystirring up the pot . The result ispeople coming out in large numbers, fl�outing safety norms andeven discarding the mandatorymasks, to celebrate this, that orthe other.
Love JihadWhat happens in Yogi’s UP duringBakri Eid will be interesting towatch. Meanwhile, the “love jihad” bogey continues to vitiatecommunal peace in India. In Maharashtra there have been two
successive cases where attemptswere made to deter a Hindu woman from marrying a Muslimman. In the fi�rst case reportedfrom Nashik, the ‘leaked weddingcard’ caused a problem, and inthe second, two men and one woman visited a Hindu family andtried to dissuade the girl frommarrying her Muslim fi�ancé.
While the father was clearlyfrightened, the feisty womenfi�led a police complaint. Eventhough the police made “enquires” and warned the nosyneighbours, no FIR has been fi�led.After Ahmedabad, Mumbai hasgot the dubious distinction ofopenly refusing to rent or sellfl�ats in “Hindu colonies” toMuslims.
Farhan Akhtar’s latest movie,Toofan, a disappointing one to saythe least, touches upon this phenomenon. Other cities are following suit, and sadly enough, this ishappening also in a city likeChennai, which we thought hasmanaged to keep at bay communal riots and communal hate.Increasingly, several housing societies are keeping awayMuslims, on the pretext of thecolony being “vegetarian”. Thatnobody, is fooled, is anotherstory.
Religious excesses in a time of CovidAll religious congregations, without exception, must be banned in view of the uncertain pandemic situation
Homage to Danish Siddiqui AFP
RASHEEDA BHAGAT
Need for bipartisanship
Expectedly, the monsoon session ofParliament had started on a stormynote with the Opposition upping theante by raising issues confrontingthe country such as surging infl�ation, unprecedented rise in fuelprices and alleged mismanagementof Covid19 by the Centre. While theOpposition does have every right toraise issues of public interest on thefl�oor of Parliament, forcing adjournments and creating ruckus willhardly serve any purpose. Parliamentis the tallest forum of democracy forit represents the will and sovereign ofthe people. Constructive debate anddiscussion on issues of public interest. are its hallmarks. At a timewhen country confronts myriad ofchallenges on the economic, publichealth and national security fronts,political parties across the spectrumneed to shun their diff�erences and
put up a united front. Politics of bipartisanship and not politics of confrontation is the need of hour.M Jeyaram Sholavandan (TN)
Managing time
The article titled ‘Time managementis passé’ (July 19) is helpful and insightful, especially to the youth besieged by digital distractions. Evenwith many digital tools that purportedly aid productivity improvement, we fi�nd ourselves battling interruptions and diversions.Essentially, our smartphones havebecome doubleedged swords. Manyof us who fear missing out aretethered to our phones. The bestwork has always come from undivided attention to a problem or taskat hand. We tend to believe thatmultitasking is the way to stay ontop. That practice has only led to sub
optimal outcomes and mediocrity.It’s time we take control of our limited mental resources to engage anddisengage at will.Anand SrinivasanBengaluru
Monsoon woes
This refers to the editorial ‘Whimsicalmonsoon’ (July 19). Even though theSouthWest monsoon arrived onschedule, the Southern peninsula received abovenormal rains. But themonsoon vagaries increased the riskin growing crops in eastern India regions. The erratic rainfall due toshrinking of monsoon period is thekey reason for droughts. The rainfallpattern is changing with spells of abnormal rains for a few days. Hencethere is a dire need to rely on contingency plans for agriculture given themonsoon vagaries. Centrallysponsored irrigation schemes in
cluding drip irrigation, timely availability of agro inputs and short duration crops are the ways out. Clusterfarming with effi�cient water usagemust be done in the NorthEast region with short duration droughtand fl�ood tolerant varieties of crop.But weed infestation and socio economic constraints are the stumblingblocks there. Combatting climatechange are the need of the hour.NR NagarajanSivakasi
The fuel price conundrum
This refers to “Oil prices and Indianfi�scal federalism” ( July 19). Fuel pricing was administered before 2010(petrol) and 2014 for diesel. It wassubsequently deregulated to pass onthe benefi�t of fall in prices toconsumers.
In reality, when there was a drop ininternational prices, instead of
passing on the benefi�t, the government tampered with taxes to maintain the same price level. In the garbof rationalising the domestic fuelprice structure, all that happenedpost deregulation was to treat tax revenues as “cash cow” as there was anunabated price rise. At least when administrative price mechanism wasfollowed, the price structure was uniform with minimum volatility whichis not the case anymore.
In March 2020 when global crudeoil price was at around $30 per barrel,instead of passing on the benefi�t toconsumers, taxes were raised tomaintain the then existing price leveland the domestic price rose in syncwith the surge in international crudeoil price. This type of “exploitation”can be curtailed only when the entirefuel pricing is brought under GST.Srinivasan VelamurChennai
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.
STILL, LIFE. RAVIKANTH
MUMBAI
4 BusinessLine TUESDAY • JULY 20 • 2021
The monsoon session of Parliamentbegan on Monday with a touch of theunexpected: a furore over a globalscandal involving the alleged surveil
lance of ministers, opposition leaders, journalists, human rights activists and lawyers. This hascome to light through a leaked database of thousands of telephone numbers listed by government clients of NSO, the Israeli fi�rm that developed the spyware Pegasus. The spyware issold by NSO only to governments who buy themostensibly for national security purposes. Yet, asthe investigation by Parisbased nonprofi�t Forbidden Stories and Amnesty International reveals, Pegasus has been freely used to snoop onpolitical rivals, journalists, offi�cials and evenbusinessmen. The list in India includes journalists, politicians (including two central ministers), activists and offi�cials. While it is not unknown for governments to engage insurveillance, phonetapping etc. for lawenforcement and national security, these have always
been with adequate legalchecks and balances. But thescale, spread and targets forPegasus in India, as revealedby the investigation, is shocking and raises questions suchas who does the surveillance,on what authority and what is
the information so accessed, used for. The NSO Group maintains that the leaked
database is not a list of numbers targeted by governments using Pegasus but it “may be part of alarger list of numbers that might have beenused by the NSO Group customers for other purposes”. In a statement to the Lok Sabha, IT Minister Ashwini Vaishnaw, whose phone is one ofthose allegedly on the list, denied any illegal surveillance. Indeed, there are legal routes to surveillance and only the government is permittedto conduct surveillance while the IT Act prohibits hacking. Rules under the IT Act state that onlya competent authority, either the Union HomeSecretary or the State Secretaries in charge of theHome Department, can issue an order for suchsurveillance. But the sophistication of everevolving technology and surveillance systemscould be at odds with the legal safeguards. It appears that the privacy of over 300 Indian citizenshas been violated in this case.
International law is evolving as well. The EUhas relatively robust safeguards largely owing tothe General Data Protection Regulation (GDPR).However, the US ‘Patriot’ Act is still being contested by rights groups as being violative of theConstitution. As the Pegasus Project unravels,nothing less than a governmentsponsored independent inquiry, preferably monitored by anoversight authority, will do to reassure citizenson their right to privacy. The passage of themuchawaited Data Protection Bill would act asa crucial step in restoring the ordinary citizen’sconfi�dence. It would be the fi�rst major step towards the implementation of the SupremeCourt ruling (KS Puttaswamy vs Union of India,2017), declaring privacy as a fundamental right.
Pegasus eruptsGovernment should strengthen data laws while
ordering a probe into snooping allegations
0x y z
tuesday, july 20, 2021
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BusinessLineTUESDAY • JULY 20 • 2021 5
ACROSS
1. Woman's undergarment (6) 4. Relating to digestive juices (6) 9. Statement of money owing (7) 10. Applebased drink (5) 11. 12 Across in drops (4) 12. Tumble (4) 13. Second person pronoun (3) 15. Toothed wheel (4) 16. Wanting strength (4) 19. Assistance (3) 21. Grub, maggot (4) 22. 12point type size (4) 24. Eye with malicious
satisfaction (5) 25. Violent, unpleasant, extreme
(7) 26. Large passenger ships (6) 27. Shields from the light (6)
DOWN
1. Spirit supposed to look afterone (8,5)
2. Swaying to and fro (7) 3. Clamorous (4) 5. Surpassed (8) 6. Drink of spirits, sugar, hot
water (5) 7. State of one's aff�airs (13) 8. Drinking tube (5) 14. Liquid from the main (3 5) 17. Worked in wool (7) 18. Stage of advancement (5) 20. Lose life in water (5) 23. Exchange for money (4)
ACROSS
1. Rid broken leg of cord round thewaist (6)
4. Pip, etc, may cause upset ofdigestion (6)
9. Reckoning what one has at the bank(7)
10. Drink like a fi�sh when in credit (5) 11. It feeds the veins of a weak, pathetic
person (4) 12. Descent of guy who's a scapegoat (4) 13. The second person to enter privy
outofdoors (3) 15. Clothing a driver will change (4) 16. You and I, a thousand strong? No!
(4) 19. Help the old girl to take top off� (3) 21. Work secretly at the thread of a
screw (4) 22. The type, and size, of a magpie (4) 24. Exult over fi�rst lunch Billy
swallowed (5) 25. Extreme as measures taken to rid
cats of it (7) 26. They carry the passengers bagged
in bins (6) 27. How sad she might appear in
sunglasses (6)
DOWN
1. Subway vigilante sees a guardleaning out (8,5)
2. Dancing may get the baby off� tosleep (7)
3. Making a lot of noise by beingshowy (4)
5. Did very well to exceed the linesincluded in it (8)
6. Fermented palm sap it'scurious to fi�nd in tastyextremes (5)
7. How one's placed to changemen's act in the circus (13)
8. With this one may suck up to asort of poll (5)
14. Main supply to wet a part with(35)
17. Like woollies that grewtogether? (7)
18. A step in quality argued aboutin a nonu way (5)
20. Lose life and leave doctor byhimself (5)
23. Such ready money as isavailable in Switzerland (4)
easy not so easy
ACROSS 1. Modulate 7. Drone 8. Foreign 9. Decorum 10. Inns 12.Radiant 14. Nostrum 17. Pier 18. Collier 21. Various 22. Erase 23.SleepersDOWN 1. Muffi�n 2. Darkness 3. Lair 4. Tender 5. Pour 6. Permit 7.Decoded 11. Cordite 13. Antidote 14. Nickel 15. Marvel 16. Crisis 19.Leaf 20. True
bl two-way crossword 1927
SOLUTION: BL Two-way Crossword 1926
AAYUSH KAPOOR/HARJAS SINGH
In December 2020, NITIAayog releaseda draft report discussing the emergent need for the online fantasy sportssector to be recognised and suppor
ted. The report recognised the potential ofthe sector in terms of its contribution tothe economy, while also generating directand indirect employment opportunities,driving investment, innovation in technology, entertainment and sports development. The fl�urry of advertisements promoting online fantasy sports platformsduring the 14th edition of the IndianPremier League (IPL) in April was a testament to the growing popularity of thesector.
As the nation looked set to embrace online fantasy sports, reports suggested thatthe National Payment Corporation of India (NPCI) was lookingto prohibit all UPI transactionsunder ₹�50 for gaming merchants due to the surge in peopleusing UPI to play online fantasysports during the IPL. Similarly,there have also been reports ofthe GST Council reexamining theapplicable rate and quantum of tax applicable on online fantasy sports games.
The timing and impact of these contrasting events perfectly encapsulate the contradictions inherent to the landscape of online real money gaming in India.
Skill testIn the legal sphere, online fantasy sportsare required to pass the skill test prescribed, in a majority of States, under an adapted version of the Public Gambling Act,1867 (PGA) — a preIndependence legislation which (originally) mandated the prohibition on gambling. One of the noteworthy aspects of the PGA, which alsoforms part of the State antigambling legislation, is that games of “mere skill” are excluded from the prohibition mandated under the antigambling legislation. Thisexception was examined by the SupremeCourt in the landmark Satyanarayan case of1968, defi�ning games of skill to meangames which depend predominantly onthe superior knowledge, training, attention, experience and adroitness of theplayer to operate, regardless of the monetary stakes involved.
More recently, in 2017, the Punjab andHaryana High Court applied the principlesof the Satyanarayan case and recognised
online fantasy sports games as “games ofskill”. This view was reiterated by the HighCourts of Bombay (Gurdeep Sachar order)and Rajasthan, placing online fantasysports platforms beyond the ambit of“gambling” under the respective Stategambling prohibition laws.
However, in 2020, in a special leave petition fi�led by Maharashtra, the SupremeCourt granted a stay on the Gurdeep Sacharorder. Separately, various State governments (including Andhra Pradesh, TamilNadu and Telangana) have introduced legislation or amendments to their antigambling laws prohibiting all real moneygames, including games of skill, with somespecifi�cally targeted at online real moneygaming. As a result, online fantasy sportsplatforms no longer allow users from theseStates to participate on their respective
platforms.Despite these setbacks, the
fantasy sports sector continuesto prosper; fuelled primarily byincreasing aff�ordability of smartphones, the low cost of mobiledata packs, and the widespreadadoption of digital payments.
The gross revenues of onlinefantasy sports platforms stood at around₹�2,400crore in FY20 alone. According to experts, in India the sector is expected to beworth $3.7 billion by 2024, creating a hugeopportunity for new entrants. The markethas witnessed a 700 per cent increase in thenumber of fantasy sports operators in thepast decade, and a 2,500 per cent growth inthe number of fantasy sports users.
This potentially robust demand, thecountry’s young populace, and a complementing pool of software development talent places India at an advantage to becomea global hub for the sector and is perhapsthe reason for attracting signifi�cant foreign investment. Reports suggest the sector could attract FDI of over ₹�₹�10,000 croreover the next few years.
Of course, regulatory and policy bottlenecks will need to be resolved to unlock thefull economic value of India’s enormoussportsloving population. While the onlinefantasy sports platforms and the NITIAayog have advocated selfregulation, divergent State legislation and the cumbersome licensing regime imposed by a fewStates might impede the sector’s potential.
The writers are Partner and Associate, General
Corporate, respectively, at Shardul Amarchand
Mangaldas & Co. Views are personal
Online fantasy sports on songBut clarity in regulation needed to sustain growth
NACHIKET MOR/MADHU SRINIVAS
Agriculture has all the prerequisites to have the marketmechanism arrive at a Paretooptimal outcome, unlike in
the case of public health or primaryeducation. However, this has potentially two challenges. One relates to thefact that farmers do not face a “complete market”, i.e., they face a number ofrisks such as those relating to weather,yield, and commodityprice shocks,which they are unable to hedge, rendering the eventual outcome less than optimal. The other challenge is, given thelong and complicated history, the optimum the agricultural markets arriveat is not always found to be socially optimal even if it turns out to be effi�cient.
Historically, successive governmentshave tried to address the various fi�nancial services needs of farmers almost entirely through credit. The credit to GrossValue Added (GVA) ratio in the agriculture sector increased from 21 per cent in200708 to almost 60 per cent in 201920. However, this has not translated intolower farmer distress. Since, as is madeclear in basic fi�nance courses, addingfi�nancial leverage in an environment ofhigh revenue volatility, exacerbates theimpact of the underlying risk beingfaced by farmers, making their situation signifi�cantly worse.
While credit can address the pre andpostharvest liquidity constraints facedby farmers, only risk managementproducts like commodity derivativesand weather insurance can address theother risks being faced by them and reduce revenue volatility.
In most wellregulated banking environments, banks, like the Commonwealth Bank of Australia in Australia,can off�er good risk managementproducts, such as welldesigned futuresand options, to farmers on an overthecounter (OTC) basis. However, in India,banks are neither permitted to hedgethemselves nor to off�er hedging toolsagainst price movements of agricultural commodities.
Section 8 of the Banking RegulationAct, 1949 explicitly prohibits banksfrom directly or indirectly dealing inthe buying or selling or bartering ofgoods. A bank taking a position in the
commodity markets would be akin toindirectly buying or selling the commodity and is, therefore, prohibitedfrom doing so. This, even though a largeproportion of their balance sheets areexposed to price movements in thecommodity markets.
Recognising this, an RBI WorkingGroup on Warehouse Receipts andCommodity Futures recommendedover 15 years ago that banks be allowedto take proprietary positions in agricultural commodity derivatives to mitigate their commodity price risk in lending to farmers (Section 8 of the Report ofthe Working Group on Warehouse Receipts and Commodity Futures, May2005). This recommendation was onceagain endorsed by the 2013 RBI Committee on Comprehensive Financial Services for Small Businesses and LowIncome Households.
Paradoxically, banks are permitted tospeculate in international currencymarkets, about which they often knowvery little, and in which they frequentlyincur losses. There is an urgent need forthe regulator to reexamine its approach and allow banks to providefarmers with aff�ordable and suitablecommodity derivative products. Thiswould allow farmers access to a more“complete” market for risk management products, while simultaneouslyprotecting bank balance sheets.
Alongside commodity derivativeproducts, farmers also need access toappropriate insurance products tohedge against weather risk. This is ofgreat signifi�cance for India where morethan half the area under cultivation is
rainfed. The Restructured WeatherBased Crop Insurance Scheme (RWBCIS)and the Pradhan Mantri Fasal BimaYojana (PMFBY) are government subsidised schemes with the premiums arrived at through a bidding process instead of by allowing market demandand actual risks to determine premiumrates. Coupled with a fi�xed tenure of operation for successful bidders, this arrangement disincentivises insurersfrom making any longterm investmentin infrastructure required to developthe crop insurance market.
Direct transfer of subsidyThe uncertainty in the tenure of operations, results in farmers having to dealwith diff�erent insurers across the years,reducing trust among farmers and resulting in lowered levels of participation. The artifi�cial price controls lead torestricted development of the crop insurance market and consequently suboptimal outcomes for the farmers it ismeant to serve.
A less distortionary method of enabling the development of this marketwould be to transfer the subsidy directly to the benefi�ciary farmers and allowing them to purchase insurance atmarket prices. This would incentiviseinsurers to invest more in enabling infrastructure and developing longtermrelationships with farmers. In particular, an eff�ective weatherbased crop insurance product requires an adequatedensity of supporting infrastructurelike automatic weather stations (AWS)to mitigate basis risk.
In the credit arena, policy responses
to farmer distress, instead of taking theroute of direct cash transfers to smallfarmers, have largely taken the form ofmarket distorting interventions. Theseinclude capping of interest rates andloan waivers, which have sought totransfer the associated losses experienced by the banking system to depositors, investors, and the other borrowerswho were not recipients of these twopolicies, thus impacting the growthand employment potential of the entireeconomy.
The capping of interest rates has effectively eliminated the ability of banksto pricediscriminate between betterand worse borrowers and thus hurtsthe entire agricultural sector. Off�eringsuch a large subsidy on the use of capital has created a perverse incentive towards capital intensity in an environment of massive labour surpluses. It hasalso dulled the incentive for farmers togradually move away from crops andagricultural practices, that, at marketinterest rates, would be unremunerative. Consequently, the shift towardsmore profi�table crops and nonfarm occupations has been very slow and hasfurther exacerbated farmer distress.
If India is to move forward on the agricultural fi�nance front, unnecessaryregulatory strictures will need to be reexamined. Any subsidy that needs to beoff�ered to farmers and agricultural labourers must come in the form of nondistorting direct cash transfers from thegovernment. Most importantly, forbanks to become a truly engaged valueadding partner of the farmers, theyneed to move away from “simple, volatility enhancing” loans and instead off�erbetter designed products from a riskmanagement point of view.
There is a great deal of longterm investment needed in agriculture andthis can happen only if market forcesare allowed to operate freely and anygaps in “completeness” are fi�lled in acollaborative way by the market participants and the regulator workingclosely together.
Mor is a former Director of NABARD and
former India Country Director, Bill & Melinda
Gates Foundation. Srinivas is a senior policy
research associate at Dvara Research.
Through The Billion Press
How to protect farmers against risksOffering affordable derivative products that will help them hedge against price and weather risks is vital
Any subsidy to farmers must come in the form of non-distorting direct cash transfers
July 20, 2001
UTI closes in on rescue strategyThe Unit Trust of India is close to fi�nalising its options,including a line of credit and soft loans at subPLR rates, tomeet any redemption pressures. It is also set to carry out aportfolio composition change in favour of debt andunloading of illiquid stocks shortly, besides putting inplace a plan for restructuring and revamping of thecountry's biggest mutual fund over the next 12 months.The near and mediumterm strategy for revitalising thetroubled investment institution was outlined by the newChairman of UTI, Mr M. Damodaran, today after hismeeting with the Finance Minister, Mr Yashwant Sinha.
SBI London arm under liquidationState Bank of India has informed the Bombay StockExchange that the operations of its subsidiary, SBIEuropean Bank Plc, have ceased and it has been placedunder liquidation. The bank had earlier decided to closedown its fullyowned subsidiary and was awaiting RBIapproval. “We are forced to close down the subsidiary asthe return on investment was hardly 2.5 per cent as againstthe cost of 8 per cent,” an offi�cial said. The subsidiary wasset up during the unifi�cation of the European market. Thesubsidiary's plans for investment banking did not fructify.
ONGC to develop small oilfieldsOil and Natural Gas Corporation (ONGC) plans to increaseits annual crude output by a million tonnes by developingits idle small and marginal oil fi�elds, a company offi�cialtold Reuters. The exploration fi�rm produces 25 milliontonnes of crude oil a year but its output has been falling inrecent years. ONGC has 107 small fi�elds, including about 60off� the western coast, which have not been commerciallydeveloped so far, the offi�cial said. Together, these fi�eldshave reserves of 200 250 million tonnes of hydrocarbons.
TWENTY YEARS AGO TODAY
BusinessLine
Earlier this month, the stocksof Equitas Small Finance
Bank, Ujjivan Small Finance Bankand their holding companiesskyrocketed following a newdevelopment.
The market’s positive reactionwas based on the RBI’s permission to these small fi�nance banksto apply for a reverse merger withtheir holding companies. Butwhy is this reverse merger so important for these banks?
What is it?
A merger is a corporate actionwhere two companies decide tobring together their assets and liabilities to create a single entitythat is bigger and better thaneither of them. While a merger isusually proposed between
equals, a reverse merger is a combination where a smaller company merges into a larger one, ora lossmaking company mergesinto a profi�table one.
In the case of small fi�nancebanks, the holding company is expected to be merged into the subsidiary bank. This type of a reverse merger is also referred to asa downstream merger.
Why is it important?
When NBFCs were originally allowed by the RBI to bag small fi�nance bank licences to off�er creditto unbanked segments of thepopulation, the RBI requiredthem to set up their banks underthe nonoperating fi�nancial holding company (NOFHCs) structure.
This was so that the NBFCwould separate its new bankingoperations from its other businesses. Later when small fi�nancebanks were mandated to be listed, Equitas and Ujjivan opted tolist their holding companies fi�rst,instead of the bank. This did notsatisfy RBI.
They subsequently listed theirrespective SFBs as well. As there isno point in both the parent company and the bank trading on thebourses essentially playing on the
same business, the RBI has nowcleared the decks for a reversemerger of these banks with theirholding companies.
The other requirement of theRBI with respect to SFBs was thattheir promoter holding bebrought down to 40 per centwithin fi�ve years of commencement, and to 30 per cent and 26per cent within 10 and 15 years,respectively.
Currently, the holding companies hold slightly more than a 80per cent stake in the SFBs. This impending stake sale has been anegative overhang on small fi�nance bank stocks. For Equitas theinitial fi�veyear period ends bySeptember 2021, for Ujjivan SFB itends in January 2022. The downstream mergers could help dilutepromoter stakes in these banks.
Why should I care?
While reverse mergers usuallycreate uncertainty for the merging companies, especially whenlossmaking entities are involved,small fi�nance banks look set to benefi�t from this reverse merger.
A RBI working group recentlyrecommended that the regulatordo away with the subtargets ofpromoter holding within fi�ve to
10 years. It had also suggestedthat banks that are currently under the NOFHCs structure be allowed to exit from it, if they donot have other group entities intheir fold. The RBI’s permission tothe SFBs to apply for a reversemerger is a step in that direction.
This could help investors unlock value in two ways. It eliminates dual listing of both the smallfi�nance banks and their holdingcompanies. It may ward off�equity dilution on account of themandated reduction in promoterholding.
The holding companies ofEquitas and Ujjivan were tradingat a 4050 per cent discount to thevalue of their equity stakes intheir banks, prior to the announcement. After RBI’s permission to apply for a downstreammerger, their discounts fell to 3545 per cent and analysts expect itto further fall to sub 20 per centlevels.
The bottomline
The reverse merger proposal hasmade small fi�nance banks a better bet for investors.
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KEERTHI SANAGASETTI
SLATE
SHIVRANJANI GUPTA
The concept of ‘conveniencefood’ has been popular in
the West for long. Owing to theeff�ect of globalisation perhaps,the food habits of Indians havebeen changing.
The busy lifestyles of the millennial workforce, spike in grossfamily income, and the conceptof nuclear families gainingground have contributed to theIndian readytoeat (RTE) foodsegment rising signifi�cantly inrecent years. The Covid19 pandemic and the ensuing worklifechanges have also provided aboost to this segment.
The ‘India ReadyToCook Market Outlook, 2021’ indicates thatthe market for the RTE segmenthas grown at a CAGR of 1520 percent in the last fi�ve years. According to Research & Markets, theIndian RTE market stood at $261million in 2017 and is projectedto grow at a CAGR of around 16per cent during 20182023 totouch $647 million by 2023.
A recent survey by Assochamshows that about 79 per cent ofIndian households today preferto have instant food due to timeconstraints.
Here are some of the reasonswhy consumers now want aquick bite: working peopledon’t get enough time to cookproper meals; RTE food is safe forconsumption as compared tooutside food; RTE frozen fruitsand vegetables can be carried toany place; and RTE food is comparatively aff�ordable.
No doubt that the market for‘convenience food’ has grownimmensely, but consumers andhealth experts have been apprehensive about its health impact.
The surge in demand forhealthy foods has spawned anentire segment of packagedfood items that include immunity boosting foods, healthywhole grains, seeds and nuts. Anumber of brands have madeconscious eff�orts to accommodate millets in their off�erings.Special attention is also given toglutenfree food items.
Interestingly, innovation istoday happening on the packaging front that allows for reduction in use of preservativesin readytoeat foods.
The writer is Chief Marketing Officer,
Conscious Food
Now, consumerswant ready-to-eathealth foods
................BMBMECMYK
MUMBAI
6 BusinessLine TUESDAY • JULY 20 • 2021MARKET RADAR
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Adani Ports [2] . . . . . . . . . . . . . . . .. . . . . . 687.60. . . . . . 673.70. . . . . . 686.00. . . . . . 693.00. . . . . . 661.40. . . . 13618.86. . . . . . 901.00. . . . . . 298.10. . . . . 71 . . . . . . 673.70
AlkemLabs [2] . . . . . . . . . . . . . . . . . .. . . . . 3351.15. . . . . 3448.70. . . . . 3350.00. . . . . 3461.30. . . . . 3320.00. . . . . . 245.91. . . . . 3603.30. . . . . 2415.00. . . . . 25 . . . . . 3446.90
AmbujaCement [2]. . . . . . . . . . . . . .. . . . . . 383.05. . . . . . 386.55. . . . . . 382.30. . . . . . 388.35. . . . . . 380.40. . . . . 3708.61. . . . . . 388.80. . . . . . 191.60. . . . . 37 . . . . . . 385.90
Asian Paints [1] . . . . . . . . . . . . . . . .. . . . . 2989.30. . . . . 2981.95. . . . . 2989.30. . . . . 2999.70. . . . . 2965.00. . . . . . 837.84. . . . . 3091.00. . . . . 1683.00. . . . . 94 . . . . . 2979.35
AurobindoPh [1] . . . . . . . . . . . . . . . .. . . . . . 975.55. . . . . . 965.10. . . . . . 966.10. . . . . . 975.00. . . . . . 959.15. . . . . . 759.19. . . . . 1063.75. . . . . . 737.90. . . . . 18 . . . . . . 965.10
AvenuSupmart . . . . . . . . . . . . . . . . .. . . . . 3349.20. . . . . 3331.60. . . . . 3320.00. . . . . 3348.90. . . . . 3315.15. . . . . . 143.63. . . . . 3425.00. . . . . 1900.00. . . . 175 . . . . . 3331.15
Axis Bank [2]. . . . . . . . . . . . . . . . . . .. . . . . . 771.15. . . . . . 755.20. . . . . . 752.30. . . . . . 766.65. . . . . . 749.60. . . . . 5554.49. . . . . . 800.00. . . . . . 400.00. . . . . 35 . . . . . . 755.15
Bajaj Auto . . . . . . . . . . . . . . . . . . . . .. . . . . 3931.95. . . . . 3882.85. . . . . 3922.00. . . . . 3939.00. . . . . 3875.00. . . . . . 408.07. . . . . 4361.20. . . . . 2823.35. . . . . 25 . . . . . 3883.20
Bajaj Hld. . . . . . . . . . . . . . . . . . . . . . .. . . . . 3981.30. . . . . 3915.60. . . . . 3975.00. . . . . 4060.00. . . . . 3899.95. . . . . . . 42.15. . . . . 4058.80. . . . . 2219.00. . . . 220 . . . . . 3921.75
BajajFin [2]. . . . . . . . . . . . . . . . . . . . .. . . . . 6125.45. . . . . 6015.40. . . . . 6088.00. . . . . 6123.00. . . . . 5935.00. . . . . 1290.53. . . . . 6340.00. . . . . 3008.85. . . . . 92 . . . . . 6012.75
BajajFinserv [5]. . . . . . . . . . . . . . . . .. . . . 12745.70. . . . 12721.10. . . . 12680.00. . . . 12820.00. . . . 12643.20. . . . . . 188.20. . . . 13114.30. . . . . 5401.00. . . 1132 . . . . 12712.30
BandhanBank . . . . . . . . . . . . . . . . . .. . . . . . 309.15. . . . . . 308.40. . . . . . 308.00. . . . . . 312.50. . . . . . 305.45. . . . . 4358.92. . . . . . 430.25. . . . . . 251.40. . . . . 22 . . . . . . 308.45
BergrPaintIn [1] . . . . . . . . . . . . . . . .. . . . . . 843.85. . . . . . 835.30. . . . . . 842.00. . . . . . 842.00. . . . . . 830.00. . . . . . 425.44. . . . . . 859.80. . . . . . 496.80. . . . 117 . . . . . . 835.30
Bharti Air [5] . . . . . . . . . . . . . . . . . . .. . . . . . 541.15. . . . . . 538.45. . . . . . 539.00. . . . . . 544.70. . . . . . 529.30. . . . . 8962.29. . . . . . 623.00. . . . . . 394.05. . . . . . . . . . . 538.30
Biocon [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . . 409.30. . . . . . 411.40. . . . . . 408.90. . . . . . 414.40. . . . . . 405.10. . . . . 2649.72. . . . . . 487.70. . . . . . 363.30. . . . 178 . . . . . . 411.05
Bk ofBar [2]. . . . . . . . . . . . . . . . . . . .. . . . . . . 81.70. . . . . . . 80.15. . . . . . . 81.40. . . . . . . 81.60. . . . . . . 79.60. . . . 28260.63. . . . . . . 99.80. . . . . . . 39.50. . . . . 56 . . . . . . . 80.15
Bosch . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 15287.95. . . . 15218.50. . . . 15250.00. . . . 15298.60. . . . 15108.15. . . . . . . 22.65. . . . 16900.00. . . . 11322.00. . . . . 46 . . . . 15225.05
BPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 448.00. . . . . . 453.90. . . . . . 446.00. . . . . . 459.00. . . . . . 445.20. . . . . 7368.97. . . . . . 493.70. . . . . . 324.90. . . . . . 7 . . . . . . 454.05
Britannia [1] . . . . . . . . . . . . . . . . . . .. . . . . 3441.00. . . . . 3450.15. . . . . 3440.40. . . . . 3457.50. . . . . 3426.10. . . . . . 226.73. . . . . 4015.00. . . . . 3317.90. . . . . 47 . . . . . 3450.20
Cadila HC [1] . . . . . . . . . . . . . . . . . .. . . . . . 643.85. . . . . . 639.50. . . . . . 643.85. . . . . . 650.90. . . . . . 637.00. . . . . 3666.81. . . . . . 673.70. . . . . . 350.35. . . . . 40 . . . . . . 639.50
Cipla [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 977.15. . . . . . 974.00. . . . . . 972.10. . . . . . 983.60. . . . . . 971.25. . . . . . 854.35. . . . . . 997.20. . . . . . 644.65. . . . . 32 . . . . . . 973.65
Coal India . . . . . . . . . . . . . . . . . . . . .. . . . . . 145.55. . . . . . 144.45. . . . . . 145.00. . . . . . 146.40. . . . . . 144.00. . . . . 5158.74. . . . . . 164.90. . . . . . 109.50. . . . . 12 . . . . . . 144.50
Colgate [1]. . . . . . . . . . . . . . . . . . . . .. . . . . 1745.60. . . . . 1753.30. . . . . 1746.00. . . . . 1758.70. . . . . 1732.80. . . . . . 224.05. . . . . 1774.00. . . . . 1322.80. . . . . 46 . . . . . 1753.35
Concor [5] . . . . . . . . . . . . . . . . . . . . .. . . . . . 661.40. . . . . . 658.00. . . . . . 658.70. . . . . . 664.55. . . . . . 652.00. . . . . 1409.37. . . . . . 748.20. . . . . . 351.60. . . . . 72 . . . . . . 658.00
Dabur [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 580.30. . . . . . 588.80. . . . . . 578.80. . . . . . 590.00. . . . . . 576.00. . . . . 1953.71. . . . . . 605.00. . . . . . 463.10. . . . . 75 . . . . . . 588.90
Divi'sLabs [2]. . . . . . . . . . . . . . . . . . .. . . . . 4757.60. . . . . 4807.45. . . . . 4749.95. . . . . 4832.70. . . . . 4735.55. . . . . . 493.16. . . . . 4832.60. . . . . 2180.05. . . . . 65 . . . . . 4800.95
DLF Ltd [2]. . . . . . . . . . . . . . . . . . . . .. . . . . . 330.80. . . . . . 331.25. . . . . . 325.90. . . . . . 338.80. . . . . . 324.45. . . . 23622.89. . . . . . 338.70. . . . . . 134.60. . . . . 74 . . . . . . 331.25
Dr Reddy [5] . . . . . . . . . . . . . . . . . . .. . . . . 5406.55. . . . . 5419.35. . . . . 5398.00. . . . . 5445.00. . . . . 5382.10. . . . . . 240.86. . . . . 5613.65. . . . . 3963.85. . . . . 49 . . . . . 5419.15
Eicher Motor [1]. . . . . . . . . . . . . . . .. . . . . 2617.25. . . . . 2579.75. . . . . 2609.00. . . . . 2617.25. . . . . 2571.00. . . . . . 561.17. . . . . 3035.50. . . . . 1865.83. . . . . 53 . . . . . 2580.95
GAIL. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 144.80. . . . . . 144.35. . . . . . 144.80. . . . . . 148.00. . . . . . 143.80. . . . 13184.15. . . . . . 170.00. . . . . . . 81.25. . . . . 13 . . . . . . 144.35
GenInsurCorp [5] . . . . . . . . . . . . . . .. . . . . . 184.90. . . . . . 183.25. . . . . . 185.00. . . . . . 185.35. . . . . . 181.80. . . . . . 411.94. . . . . . 243.70. . . . . . 116.00. . . . . 17 . . . . . . 182.95
Godrej Cons [1] . . . . . . . . . . . . . . . .. . . . . . 951.10. . . . . . 944.00. . . . . . 949.10. . . . . . 958.45. . . . . . 942.10. . . . . . 613.59. . . . . . 980.80. . . . . . 641.65. . . . . 79 . . . . . . 944.10
Grasim [2] . . . . . . . . . . . . . . . . . . . . .. . . . . 1572.30. . . . . 1558.80. . . . . 1558.80. . . . . 1575.60. . . . . 1544.85. . . . . . 559.81. . . . . 1581.25. . . . . . 565.10. . . . 105 . . . . . 1558.80
HavellsIndia [1]. . . . . . . . . . . . . . . . .. . . . . 1077.65. . . . . 1089.65. . . . . 1075.00. . . . . 1108.00. . . . . 1069.25. . . . . 3216.45. . . . . 1237.80. . . . . . 568.40. . . . . 68 . . . . . 1088.35
HCL Tech [2] . . . . . . . . . . . . . . . . . . .. . . . . 1005.00. . . . . 1000.20. . . . . 1005.00. . . . . 1018.30. . . . . . 992.50. . . . . 4644.60. . . . . 1073.55. . . . . . 610.00. . . . . 31 . . . . . 1000.20
HDFC [2]. . . . . . . . . . . . . . . . . . . . . . .. . . . . 2536.90. . . . . 2481.65. . . . . 2488.00. . . . . 2497.70. . . . . 2470.90. . . . . 2262.33. . . . . 2895.35. . . . . 1623.00. . . . . 37 . . . . . 2482.35
HDFC AMC [5] . . . . . . . . . . . . . . . . .. . . . . 3094.45. . . . . 2992.25. . . . . 3050.00. . . . . 3050.00. . . . . 2971.00. . . . . . 758.42. . . . . 3358.30. . . . . 2071.00. . . . . 47 . . . . . 2992.05
HDFC Bank [1] . . . . . . . . . . . . . . . . .. . . . . 1522.35. . . . . 1471.00. . . . . 1487.00. . . . . 1488.85. . . . . 1466.00. . . . 12555.80. . . . . 1650.00. . . . . . 994.00. . . . . 25 . . . . . 1470.95
HDFCLifeIns. . . . . . . . . . . . . . . . . . . .. . . . . . 698.00. . . . . . 678.70. . . . . . 696.50. . . . . . 696.50. . . . . . 677.00. . . . . 2866.93. . . . . . 746.00. . . . . . 556.25. . . . 116 . . . . . . 678.60
HeroMoto [2]. . . . . . . . . . . . . . . . . . .. . . . . 2904.70. . . . . 2887.10. . . . . 2886.00. . . . . 2894.40. . . . . 2870.10. . . . . . 338.47. . . . . 3628.55. . . . . 2622.50. . . . . 20 . . . . . 2887.15
Hind.Znc [2]. . . . . . . . . . . . . . . . . . . .. . . . . . 344.10. . . . . . 339.95. . . . . . 345.00. . . . . . 345.00. . . . . . 337.80. . . . . . 767.84. . . . . . 362.40. . . . . . 182.50. . . . . 19 . . . . . . 340.05
Hindalco [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 405.50. . . . . . 396.95. . . . . . 398.00. . . . . . 404.95. . . . . . 396.20. . . . . 5708.37. . . . . . 428.30. . . . . . 154.40. . . . . 90 . . . . . . 396.95
HPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 268.10. . . . . . 272.05. . . . . . 269.75. . . . . . 274.90. . . . . . 268.35. . . . . 6286.20. . . . . . 312.00. . . . . . 163.30. . . . . . 4 . . . . . . 272.00
HUL [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2417.40. . . . . 2408.65. . . . . 2400.05. . . . . 2417.00. . . . . 2398.50. . . . . . 463.87. . . . . 2531.50. . . . . 2001.00. . . . . 70 . . . . . 2410.45
ICICI Bank [2] . . . . . . . . . . . . . . . . . .. . . . . . 660.30. . . . . . 655.90. . . . . . 645.65. . . . . . 656.90. . . . . . 645.55. . . . . 9121.74. . . . . . 679.30. . . . . . 334.00. . . . . 28 . . . . . . 656.05
ICICILombGIC . . . . . . . . . . . . . . . . . .. . . . . 1521.45. . . . . 1489.75. . . . . 1526.00. . . . . 1534.15. . . . . 1483.05. . . . . . 639.32. . . . . 1625.00. . . . . 1201.00. . . . . 46 . . . . . 1489.55
IndraprsGas [2]. . . . . . . . . . . . . . . . .. . . . . . 552.60. . . . . . 549.70. . . . . . 552.60. . . . . . 556.00. . . . . . 547.65. . . . . 1508.02. . . . . . 594.85. . . . . . 364.30. . . . . 38 . . . . . . 549.65
IndusInd BK. . . . . . . . . . . . . . . . . . . .. . . . . 1044.30. . . . . 1015.85. . . . . 1024.00. . . . . 1034.70. . . . . 1005.55. . . . . 2644.85. . . . . 1119.20. . . . . . 483.45. . . . . 28 . . . . . 1015.85
INFO EDGE (I). . . . . . . . . . . . . . . . . .. . . . . 5102.55. . . . . 5122.75. . . . . 5100.00. . . . . 5170.00. . . . . 5018.00. . . . . . 332.80. . . . . 5876.05. . . . . 3011.65. . . . 241 . . . . . 5123.10
Infosys [5] . . . . . . . . . . . . . . . . . . . . .. . . . . 1555.45. . . . . 1541.70. . . . . 1544.70. . . . . 1552.90. . . . . 1537.55. . . . . 5669.16. . . . . 1597.25. . . . . . 892.20. . . . . 35 . . . . . 1541.80
IntGlobAviat . . . . . . . . . . . . . . . . . . .. . . . . 1809.05. . . . . 1765.90. . . . . 1800.00. . . . . 1800.00. . . . . 1760.15. . . . . . 526.82. . . . . 1859.90. . . . . . 873.10. . . . . . . . . . 1765.35
IOC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 106.10. . . . . . 105.95. . . . . . 105.75. . . . . . 107.90. . . . . . 105.10. . . . 11688.58. . . . . . 117.85. . . . . . . 71.35. . . . . . 5 . . . . . . 105.95
IPruLifeINS. . . . . . . . . . . . . . . . . . . .. . . . . . 627.05. . . . . . 626.25. . . . . . 623.00. . . . . . 629.45. . . . . . 618.00. . . . . . 578.32. . . . . . 635.40. . . . . . 397.65. . . . . 94 . . . . . . 626.10
ITC [1]. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 207.90. . . . . . 207.75. . . . . . 206.80. . . . . . 209.50. . . . . . 206.35. . . . 16464.97. . . . . . 239.15. . . . . . 163.40. . . . . 20 . . . . . . 207.80
JSWSteelLtd [1] . . . . . . . . . . . . . . . .. . . . . . 703.60. . . . . . 698.40. . . . . . 697.00. . . . . . 712.35. . . . . . 694.00. . . . . 5377.23. . . . . . 773.00. . . . . . 200.30. . . . . 20 . . . . . . 698.45
Kot.Mah.Bk [5] . . . . . . . . . . . . . . . . .. . . . . 1749.50. . . . . 1722.80. . . . . 1733.90. . . . . 1740.00. . . . . 1712.00. . . . . 2146.34. . . . . 2048.95. . . . . 1231.20. . . . . 49 . . . . . 1721.55
L&T [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1618.75. . . . . 1609.60. . . . . 1600.00. . . . . 1639.40. . . . . 1597.60. . . . . 3027.09. . . . . 1638.65. . . . . . 842.50. . . . . 16 . . . . . 1609.10
L&TInfotech [1]. . . . . . . . . . . . . . . . .. . . . . 4288.60. . . . . 4379.60. . . . . 4269.90. . . . . 4466.75. . . . . 4220.00. . . . . . 908.38. . . . . 4600.00. . . . . 2198.80. . . . . 39 . . . . . 4381.30
Lupin [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1179.75. . . . . 1186.65. . . . . 1176.90. . . . . 1191.55. . . . . 1170.00. . . . . . 804.49. . . . . 1267.50. . . . . . 828.65. . . . . 43 . . . . . 1185.45
M&M [5] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 779.80. . . . . . 775.80. . . . . . 775.80. . . . . . 780.70. . . . . . 770.00. . . . . 1265.91. . . . . . 952.15. . . . . . 565.90. . . . 116 . . . . . . 775.10
Marico Ltd [1]. . . . . . . . . . . . . . . . . .. . . . . . 524.70. . . . . . 526.00. . . . . . 521.95. . . . . . 531.00. . . . . . 521.05. . . . . 1531.01. . . . . . 549.50. . . . . . 333.30. . . . . 59 . . . . . . 525.60
Maruti [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . 7303.55. . . . . 7165.55. . . . . 7251.70. . . . . 7297.00. . . . . 7151.10. . . . . . 386.60. . . . . 8400.00. . . . . 5815.00. . . . . 51 . . . . . 7165.95
MothersSum [1] . . . . . . . . . . . . . . . .. . . . . . 244.15. . . . . . 244.65. . . . . . 241.50. . . . . . 246.00. . . . . . 240.75. . . . . 4433.52. . . . . . 273.00. . . . . . . 91.40. . . . 144 . . . . . . 244.75
MuthootFinan . . . . . . . . . . . . . . . . . .. . . . . 1569.20. . . . . 1541.85. . . . . 1559.00. . . . . 1574.80. . . . . 1533.00. . . . . . 411.56. . . . . 1585.00. . . . . 1000.00. . . . . 17 . . . . . 1541.90
NestleIndia. . . . . . . . . . . . . . . . . . . . .. . . . 17654.20. . . . 17752.45. . . . 17550.00. . . . 17845.00. . . . 17550.00. . . . . . . 51.40. . . . 18821.45. . . . 15104.25. . . . . 79 . . . . 17749.20
NMDC Ltd [1] . . . . . . . . . . . . . . . . . .. . . . . . 178.70. . . . . . 174.85. . . . . . 176.90. . . . . . 179.25. . . . . . 172.50. . . . 16371.99. . . . . . 213.15. . . . . . . 75.60. . . . . . 8 . . . . . . 174.80
NTPC. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 119.10. . . . . . 121.40. . . . . . 119.10. . . . . . 121.85. . . . . . 118.50. . . . 14364.29. . . . . . 122.00. . . . . . . 78.10. . . . . . 8 . . . . . . 121.35
ONGC [5] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 116.80. . . . . . 114.60. . . . . . 114.80. . . . . . 116.55. . . . . . 114.20. . . . 14395.88. . . . . . 128.45. . . . . . . 64.15. . . . . 14 . . . . . . 114.60
Oracle Fin [5] . . . . . . . . . . . . . . . . . .. . . . . 4019.40. . . . . 4072.15. . . . . 4050.00. . . . . 4121.00. . . . . 4006.00. . . . . . 155.65. . . . . 4235.00. . . . . 2850.00. . . . . 21 . . . . . 4067.65
Petronet . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 221.65. . . . . . 222.05. . . . . . 221.55. . . . . . 225.35. . . . . . 221.00. . . . . 3237.53. . . . . . 275.25. . . . . . 207.40. . . . . 11 . . . . . . 222.10
PFC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 127.55. . . . . . 127.10. . . . . . 127.00. . . . . . 130.20. . . . . . 125.50. . . . . 8553.43. . . . . . 140.50. . . . . . . 80.35. . . . . . 4 . . . . . . 127.05
PGHH . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 12908.15. . . . 12839.10. . . . 12955.00. . . . 12956.60. . . . 12825.00. . . . . . . 15.44. . . . 14137.75. . . . . 9700.05. . . . . 62 . . . . 12842.30
PidiliteInd [1] . . . . . . . . . . . . . . . . . .. . . . . 2244.20. . . . . 2260.25. . . . . 2234.00. . . . . 2269.00. . . . . 2232.00. . . . . . 192.18. . . . . 2301.25. . . . . 1307.05. . . . 106 . . . . . 2258.10
PiramalEntp [2]. . . . . . . . . . . . . . . . .. . . . . 2351.25. . . . . 2298.60. . . . . 2340.00. . . . . 2348.25. . . . . 2275.40. . . . . . 610.98. . . . . 2519.25. . . . . 1178.85. . . . 437 . . . . . 2299.90
PowerGrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 233.85. . . . . . 233.15. . . . . . 233.85. . . . . . 234.65. . . . . . 231.50. . . . . 7720.84. . . . . . 251.50. . . . . . 154.65. . . . . 10 . . . . . . 233.00
Pun.Natl.Bk [2] . . . . . . . . . . . . . . . . .. . . . . . . 40.85. . . . . . . 40.30. . . . . . . 40.50. . . . . . . 40.70. . . . . . . 40.10. . . . 31864.82. . . . . . . 46.40. . . . . . . 26.30. . . . . 22 . . . . . . . 40.30
Reliance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2112.40. . . . . 2098.95. . . . . 2100.00. . . . . 2124.00. . . . . 2092.25. . . . . 3855.58. . . . . 2368.80. . . . . 1830.00. . . . . 48 . . . . . 2099.10
SBI [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 430.00. . . . . . 427.90. . . . . . 423.40. . . . . . 429.45. . . . . . 418.85. . . . 14426.69. . . . . . 442.00. . . . . . 175.55. . . . . 19 . . . . . . 427.70
SBICards&Pay. . . . . . . . . . . . . . . . . .. . . . . . 990.00. . . . . . 972.65. . . . . . 981.00. . . . . . 983.70. . . . . . 971.00. . . . . . 957.35. . . . . 1139.50. . . . . . 720.90. . . . . . . . . . . . . . . .
SBILifeInsur . . . . . . . . . . . . . . . . . . . .. . . . . 1050.25. . . . . 1037.85. . . . . 1044.90. . . . . 1050.25. . . . . 1027.30. . . . . . 643.56. . . . . 1060.40. . . . . . 755.55. . . . . 71 . . . . . 1036.15
ShreeCement . . . . . . . . . . . . . . . . . .. . . . 28096.15. . . . 27996.85. . . . 28050.00. . . . 28108.10. . . . 27817.10. . . . . . . 24.45. . . . 32050.00. . . . 18214.40. . . . . 44 . . . . 28039.05
Siemens [2] . . . . . . . . . . . . . . . . . . . .. . . . . 2013.30. . . . . 1973.35. . . . . 2008.60. . . . . 2008.60. . . . . 1967.10. . . . . . 331.69. . . . . 2176.75. . . . . 1119.40. . . . . 75 . . . . . 1973.90
Sun Pharma [1] . . . . . . . . . . . . . . . .. . . . . . 688.60. . . . . . 689.25. . . . . . 678.05. . . . . . 691.50. . . . . . 678.05. . . . . 1940.88. . . . . . 721.90. . . . . . 452.60. . . . . 74 . . . . . . 689.00
Tata Motors [2] . . . . . . . . . . . . . . . .. . . . . . 311.25. . . . . . 308.85. . . . . . 308.95. . . . . . 310.30. . . . . . 306.00. . . . 21346.35. . . . . . 360.65. . . . . . 101.35. . . . . . . . . . . 308.70
Tata Steel . . . . . . . . . . . . . . . . . . . . .. . . . . 1278.45. . . . . 1266.40. . . . . 1259.00. . . . . 1290.90. . . . . 1253.70. . . . . 8904.63. . . . . 1290.85. . . . . . 342.75. . . . . 14 . . . . . 1266.30
TataConsumPr . . . . . . . . . . . . . . . . .. . . . . . 763.00. . . . . . 765.55. . . . . . 761.00. . . . . . 770.00. . . . . . 758.55. . . . . 1695.55. . . . . . 786.85. . . . . . 402.35. . . . . . . . . . . . . . . .
TCS [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3194.80. . . . . 3184.60. . . . . 3180.00. . . . . 3199.80. . . . . 3176.00. . . . . 1597.06. . . . . 3399.00. . . . . 2125.85. . . . . 35 . . . . . 3184.40
TechMahindra [5]. . . . . . . . . . . . . . .. . . . . 1103.15. . . . . 1094.20. . . . . 1088.00. . . . . 1110.45. . . . . 1086.10. . . . . 1409.00. . . . . 1119.60. . . . . . 590.30. . . . . 25 . . . . . 1094.25
TitanCompany [1] . . . . . . . . . . . . . .. . . . . 1695.35. . . . . 1680.35. . . . . 1694.35. . . . . 1709.25. . . . . 1674.90. . . . . . 831.26. . . . . 1800.00. . . . . . 956.30. . . . 153 . . . . . 1680.55
TorrentPhar [5]. . . . . . . . . . . . . . . . .. . . . . 2990.75. . . . . 2969.20. . . . . 2985.00. . . . . 3003.50. . . . . 2954.50. . . . . . . 94.99. . . . . 3084.85. . . . . 2232.00. . . . . 45 . . . . . 2970.55
UB [1] . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1447.90. . . . . 1419.30. . . . . 1439.95. . . . . 1447.00. . . . . 1412.60. . . . . . 184.25. . . . . 1497.65. . . . . . 898.50. . . . 320 . . . . . 1418.80
UltraTech . . . . . . . . . . . . . . . . . . . . . .. . . . . 7334.55. . . . . 7312.35. . . . . 7304.80. . . . . 7385.00. . . . . 7245.00. . . . . . 365.11. . . . . 7384.00. . . . . 3736.80. . . . . 39 . . . . . 7312.00
United Spr [2] . . . . . . . . . . . . . . . . . .. . . . . . 667.40. . . . . . 659.95. . . . . . 666.80. . . . . . 677.00. . . . . . 656.60. . . . . 2325.94. . . . . . 683.00. . . . . . 494.00. . . . 118 . . . . . . 659.80
UPL [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 837.55. . . . . . 833.25. . . . . . 834.90. . . . . . 849.00. . . . . . 822.30. . . . . 4744.59. . . . . . 864.75. . . . . . 399.00. . . . 280 . . . . . . 832.90
Wipro [2] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 577.75. . . . . . 573.80. . . . . . 572.55. . . . . . 584.00. . . . . . 570.00. . . . 10857.85. . . . . . 589.00. . . . . . 252.00. . . . . 32 . . . . . . 573.60
OUR BUREAU
Mumbai, July 19
SEBI has proposed to introduce swing pricing to protectlongterm mutual investorsinterest from huge investment or redemption made bytactical investors.
A swing pricing adjustmentseeks to protect investors in afund from the impact of signifi�cant infl�ow or outfl�ow froma fund, particularly duringmarket dislocation.
On high risk schemesInitially, the mandatory swingpricing mechanism is proposed for open ended debtschemes which have high orvery high risk on the risko
metre. Subsequently, it will beimplemented in other equityschemes.
The secondary bond marketin India is not as liquid as theequity market. Further, liquidity is concentrated in highquality paper and during market dislocation very high riskaversion is observed.
Last year, FranklinTempleton had tosuspend trading insix of its debtschemes due tomarket dislocation amid peakCovid crisis. However, select investors redeemedtheir invest before itwas suspended completely.
During market dislocation,SEBI will prescribe levy of minimum swing factor and mutual funds can levy higher
swing factor to protect investors interest.
Market dislocationSEBI will determine ‘marketdislocation’ either based onAssociation of Mutual Fundsin India’s recommendation orbased on combination of various factors. Once market dis
location is declared, itwill be broadcast
that swing pricing will be applicable for acertain period.It is proposed
to mandateswing pricing
for high risk openended debt schemes
during market dislocation,as these schemes carry highrisk securities compared toother schemes which possiblyhave higher costs of liquida
tion. AMCs should disclose thefl�oor for the swing threshold,beyond which swing pricingshould be applicable and thecap of the swing factor in itsscheme information document, said SEBI paper.
When swing pricing mechanism is triggered and swingfactor is made applicable,both new and existing investors will get NAV adjustedfor swing pricing.
To incentivise existing investors and impose additionalcost on impulsive investors,SEBI has proposed to adjustNAV downwards during timeshigher net outfl�ows above theswing threshold and lowerNAV is off�ered to the enteringinvestors during such times.
RedemptionsTo keep retail and senior citizens insulated from swing
prices, SEBI has proposed toexempt redemptions up to ₹�2lakh for all unit holders andup to ₹�5 lakh for seniorcitizens.
SEBI has proposed to adopta hybrid model of partialswing during normal timesand a mandatory full swingduring times of market dislocation. At this stage, it is proposed to implement theframework of swing pricingonly for open ended debtschemes. During normal timeswing pricing will be optionalbased on predetermined minimum swing threshold andmaximum swing factor.
In order to take into consideration the views of variousstakeholders, public comments are invited on the proposed framework of swing pricing mechanism by August20, SEBI said.
NAV to get
adjusted on large
buy/sell order
Debt MFs: SEBI moots swing pricing
SURESH P IYENGAR
Mumbai, July 19
Infl�ows into ESG (environment,social and governance) fundsplunged 97 per cent in the Junequarter to ₹�26 crore against₹�1,200 crore in the Marchquarter due to better performance of actively managed fundsand launch of interesting initialpublic off�erings.
Besides, absence of new fundoff�ering in the ESG category alsoslowed down the infl�ow.
The initial fad on ESG investment has waned faster whencompared to infl�ow of ₹�3,750crore logged in the Decemberquarter.
As of Juneend, the asset underESG funds nearly tripled to₹�11,970 crore against ₹�4,210crore logged in the same period
last year, said Morningstar Indiain a report.
‘Less incremental fl�ow’Kaustubh Belapurkar, Director,Morningstar India, said majority of the fl�ows in sustainablefunds in India have come in during the NFO stage, with incremental fl�ows postNFO in existing funds are very limited.
There was only one NFO in theJune quarter, while in the previous quarters there was at leastseven fund launches, leading tohigher infl�ows.
Flows in fi�rst half of this yearwas lower at ₹�1,230 crore against₹�3,630 crore in the second half oflast year.
There were fi�ve new fund offers in the last December quarterwhile the same in the fi�rst half ofthis year was only three including two feeder funds into globalsustainable funds. Indian investors currently have access to11 India domiciled sustainable
funds with eight active, onepassive (ETF and fund of fund)and two feeders into global sustainable funds. Active funds account for 93 per cent of the overall sustainable fund assets undermanagement.
Top heavySustainable fund investing isstill relatively a new concept forIndian investors and may takesome time for awareness tobuild for fl�ows to come into existing sustainable funds. ESG category has only 11 funds and market is quite concentrated withtop fi�ve accounting for 86 percent of the overall sustainableassets.
SBI Mutual Fund leads thepack with AUM of ₹�3,920 crorewhile Axis MF and ICICI MF haveasset of ₹�1,920 crore and ₹�1,840crore.
Kotak MF and Aditya Birla ESGfunds have asset of ₹�1,700 croreand Rs ₹�970 crore.
Better options,
fewer NFO launches
dampen interest
Fad over ESG investing fading
SAI PRABHAKAR YADAVALLI
BL Research Bureau
Clean Science and TechnologyLtd (Clean Science) nearlydoubled on listing and tradedat ₹�1,784 a share compared tothe IPO price of ₹�900. CleanScience’s strong listing, following 93 times oversubscription,has pushed the valuations intoa clear overbought territory asthe company was priced at 96times FY21 EPS (at the openingbell) compared to industry average of 58 times FY21 EPS. Thestock has corrected marginallyby 10 per cent from its peakpost listing, and ₹�1585.20, or 85times FY21 EPS.
IPO investors who have beenallotted the stock can bookprofi�ts as the premium atwhich the stock is currentlytrading makes the riskreturnprofi�le unfavourable for longterm investors.
We had recommendedavoiding the IPO for longterminvestors based on two factors— high promoter compensation and high valuations, inspite of strong fi�nancialgrowth.
The promoter compensation, amounting to 17 per centof PAT for the last three years,was touched upon by the management in the runup to theIPO in a media interaction, andindicated lowering the performance bonus. But the highvaluations at the time of IPO remain a point of concern. TheP/E at 85 times FY21 EPS is at apremium to larger and moreestablished players like VinatiOrganics, Camlin Fine , NavinFluorine and Atul.
Business and fi�nancials Clean Science is a world leading producer of four speciality
chemicals (MEHQ, BHA, Anisole and 4MAP) and has a sizeable market share amongstthe other three in its portfolio .Strong expansion in capacitiesand backward integratedmodel drove revenue andearnings growth of 14 per centand 42 per cent, in FY1921.
The company will add twomore units or 6070 per centmore capacity in the next threeyears. It will add new productlines and increase existingshare by 1520 per cent in eachproduct.
The next three year growthis more than factored intovaluations, leaving little scopefor error in capacity and market share expansion. The industry leading 50 per centEBITDA margins may also bechallenging to sustain, in avolatile phase for inputcommodities.
Clean Science and Technology:Current valuation unsustainable
MAULIK MADHU
BL Research Bureau
GR Infraprojects (GR Infra), a Gujaratbased integrated EPCplayer focussed on road andhighway construction projects,listed on the BSE at ₹�1,700, morethan doubling from the issueprice of ₹�837. Extending the listing gains, the stock closed at₹�1,746.80 on July 19, 2021 — again of around 109 per centfrom its IPO price.
The company came out withan IPO on July 7, 2021.The issuewas oversubscribed 168.6 timesby qualifi�ed institutional buyers (QIB) and 12.6 times by retailinvestors. Overall, the issue wasoversubscribed 102.6 times.
At the issue price of ₹�837, theGR Infra stock was priced at areasonable 8.5 times its FY21earnings. This was signifi�cantlybelow the stock valuation of therelatively less leveraged infra
structure peers such as KNRConstruction and PNC Infratech. G R Infra’s EBITDA (earnings before interest and tax)and net profi�t margins are atpar with those of KNR Construction and higher thanthose of PNR Infratech.
Good order bookAt ₹�1,746.80, GR Infra discountsits FY21 earnings by 17.8 times,
close to the 1618 times P/E multiple of its peers. G R Infratech’shas a strong order book anddebttoequity ratio of just under 1 time as of Marchend 2021and high profi�t margins of 2425 per cent during FY19 to FY21.We had recommended a buycall for the IPO given the reasonable stock valuation, strongorder book and positive industry prospects. Highrisk investors can continue holdingthe stock despite the impressive listing gains.
GR Infraprojects had an order book of ₹�19,026 crore as ofMarchend 2021. This translatesinto an order book to sales ratio of 2.4 times, providing revenue visibility for the nextcouple of years. The ratio was2.6 times in FY20. The company’s timely execution recordover the past three years toolends comfort.
GR Infraprojects’ valuation now in line with that of peers
Ajendra Agarwal (left), MD,
and Vinod Agarwal, Chairman,
GR Infraprojects, at the listing
ceremony at the BSE
AKHIL NALLAMUTHU
BL Research Bureau
The stock of KNR Constructionsextended the rally from lastyear and began 2021 on thestrong foot. It rallied and hit ahigh of ₹�242 by the end of January. However, the scrip was unable to go beyond that level andstarted to decline. After declining in February, the started tomove across a sideways trendsince the beginning of April.That is, the stock was largelyconsolidating within the priceband of ₹�200 and ₹�220 untilMay, when it broke out of ₹�220.
The stock that moved upsince then was again held in atight range since the beginning
of July. However, on Monday, itdecisively breached the resistance at ₹�240 with largevolume, turning the outlookpositive. The price action indicate that the stock is likely togain further.
Supporting the same, the relative strength index and themoving average convergencedivergence on daily chart areshowing fresh positive signs.Thus, traders can be positiveand initiate fresh long positions in the stock with stoplossat ₹�257; target at ₹�270.
Note: The recommendations are
based on technical analysis. There
is a risk of loss in trading
TODAY'S PICK
KNR Constructions (₹�262.7): Buy
15752 • Nifty 50 FuturesS1 S2 R1 R2 COMMENT
15700 15650 15800 15835 Initiate fresh long positions with a
tight stoploss if the contract
decisively moves past 15,800
S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.
₹�1471 • HDFC BankS1 S2 R1 R2 COMMENT
1456 1430 1480 1500 As the stock slipped below the
support of ₹�1,480, consider selling
it with stoploss at ₹�1,500
₹�1541 • InfosysS1 S2 R1 R2 COMMENT
1540 1500 1550 1570 Despite the decline, the stock held
above support at ₹�1,540; Can go
long with tight stoploss
₹�207 • ITCS1 S2 R1 R2 COMMENT
202 200 210 214 The stock faces a strong hurdle at
₹�210; initiate fresh short positions
with stoploss at ₹�210
₹�114 • ONGCS1 S2 R1 R2 COMMENT
111 108 117 120 Stock closed below the key base of
₹�117; hence, sell the stock with
stoploss at ₹�117
₹�2099 • Reliance Ind. S1 S2 R1 R2 COMMENT
2070 2040 2115 2135 Consider initiating fresh long
positions with a stiff stoploss if the
stock rallied past ₹�2,100
₹�428 • SBIS1 S2 R1 R2 COMMENT
420 416 435 440 Initiate fresh long positions with a
tight stoploss if the stock of SBI
rebounds from ₹�420
₹�3184 • TCSS1 S2 R1 R2 COMMENT
3170 3100 3215 3235 Fresh short positions can be
initiated with a stiff stoploss in case
if the stock declines below ₹�3,170
DAY TRADING GUIDE
Nifty 50 Movers H 171.00 pts.Close(₹�) Pts PE Wt(%)
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 121.40. . . . . . . . . . 2.52. . . . . . . . . . . 7.86 . . . . . . . . 0.84Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 4807.45. . . . . . . . . . 1.47. . . . . . . . . 64.32 . . . . . . . . 0.90BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 453.90. . . . . . . . . . 1.27. . . . . . . . . . . 5.68 . . . . . . . . 0.62Nestle India Ltd. . . . . . . . . . . . . . . . . . .17752.45. . . . . . . . . . 0.81. . . . . . . . . 79.27 . . . . . . . . 0.93Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . 5419.35. . . . . . . . . . 0.36. . . . . . . . . 46.19 . . . . . . . . 0.96Tata Consumer Products L . . . . 765.55. . . . . . . . . . 0.35. . . . . . . . . 75.82 . . . . . . . . 0.67Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . 3450.15. . . . . . . . . . 0.25. . . . . . . . . 44.91 . . . . . . . . 0.60Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 689.25. . . . . . . . . . 0.16. . . . . . . . . 72.78 . . . . . . . . 1.09Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . 105.95. . . . . . . . 0.09. . . . . . . . . . . 4.58 . . . . . . . . 0.39ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 207.75. . . . . . . . 0.30. . . . . . . . . 19.11 . . . . . . . . 2.66Shree Cement. . . . . . . . . . . . . . . . . . . . . .27996.85. . . . . . . . 0.31. . . . . . . . . 44.12 . . . . . . . . 0.55Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . .12721.10. . . . . . . . 0.34. . . . . . . . . 27.48 . . . . . . . . 1.13Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 974.00. . . . . . . . 0.37. . . . . . . . . 32.89 . . . . . . . . 0.72PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . 233.15. . . . . . . . 0.41. . . . . . . . . 10.13 . . . . . . . . 0.88Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 144.45. . . . . . . . 0.53. . . . . . . . . . . 7.01 . . . . . . . . 0.44Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . 2887.10. . . . . . . . 0.53. . . . . . . . . 19.65 . . . . . . . . 0.55UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 833.25. . . . . . . . 0.55. . . . . . . . . 18.22 . . . . . . . . 0.67UltraTech Cement. . . . . . . . . . . . . . . .. . 7312.35. . . . . . . . 0.59. . . . . . . . . 41.77 . . . . . . . . 1.24Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . 2981.95. . . . . . . . 0.76. . . . . . . . . 89.20 . . . . . . . . 1.97M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 775.80. . . . . . . . 0.88. . . . . . . . . 32.19 . . . . . . . . 1.09Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 308.85. . . . . . . . 0.99. . . . . . . . . . . 0.00 . . . . . . . . 0.81JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 698.40. . . . . . . . 1.16. . . . . . . . . 21.44 . . . . . . . . 0.99Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1558.80. . . . . . . . 1.19. . . . . . . . . 15.71 . . . . . . . . 0.87HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1000.20. . . . . . . . 1.20. . . . . . . . . 24.30 . . . . . . . . 1.59Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . 2579.75. . . . . . . . 1.21. . . . . . . . . 52.36 . . . . . . . . 0.53SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1037.85. . . . . . . . 1.26. . . . . . . . . 71.30 . . . . . . . . 0.67Tech Mahindra. . . . . . . . . . . . . . . . . . . . .. . 1094.20. . . . . . . . 1.28. . . . . . . . . 24.36 . . . . . . . . 0.99Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 573.80. . . . . . . . 1.35. . . . . . . . . 28.93 . . . . . . . . 1.24Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1680.35. . . . . . . . 1.44. . . . . . . 153.16 . . . . . . . . 1.03Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3882.85. . . . . . . . 1.47. . . . . . . . . 23.13 . . . . . . . . 0.74Bharti Airtel. . . . . . . . . . . . . . . . . . . . . . . . .. . . . 538.45. . . . . . . . 1.47. . . . . . . . . . . 0.00 . . . . . . . . 1.86Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . 2408.65. . . . . . . . 1.80. . . . . . . . . 70.74 . . . . . . . . 3.15ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 114.60. . . . . . . . 1.85. . . . . . . . . . . 6.67 . . . . . . . . 0.61State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 427.90. . . . . . . . 1.86. . . . . . . . . 15.99 . . . . . . . . 2.40Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1266.40. . . . . . . . 2.17. . . . . . . . . 18.62 . . . . . . . . 1.45Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 673.70. . . . . . . . 2.36. . . . . . . . . 27.24 . . . . . . . . 0.73TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3184.60. . . . . . . . 2.44. . . . . . . . . 34.10 . . . . . . . . 4.83L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1609.60. . . . . . . . 2.55. . . . . . . . . 48.27 . . . . . . . . 2.85Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 396.95. . . . . . . . 2.88. . . . . . . . . 17.21 . . . . . . . . 0.85HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 678.70. . . . . . . . 3.69. . . . . . . 100.85 . . . . . . . . 0.82IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . 1015.85. . . . . . . . 3.96. . . . . . . . . 26.83 . . . . . . . . 0.90Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . 7165.55. . . . . . . . 4.23. . . . . . . . . 49.32 . . . . . . . . 1.39Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . 6015.40. . . . . . . . 6.74. . . . . . . . . 82.15 . . . . . . . . 2.34ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 655.90. . . . . . . . 7.03. . . . . . . . . 22.30 . . . . . . . . 6.65Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1722.80. . . . . . . . 9.04. . . . . . . . . 34.19 . . . . . . . . 3.70Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 755.20. . . . . . . . 9.47. . . . . . . . . 31.92 . . . . . . . . 2.85Reliance Ind. . . . . . . . . . . . . . . . . . . . . . . . .. . 2098.95. . . . . . 10.03. . . . . . . . . 24.76 . . . . . . . . 9.94Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1541.70. . . . . . 11.76. . . . . . . . . 32.28 . . . . . . . . 8.37HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2481.65. . . . . . 22.98. . . . . . . . . 21.84 . . . . . . . . 6.55HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1471.00. . . . . . 51.69. . . . . . . . . 25.51 . . . . . . . . 9.40
Pts: Impact on index movement
Nifty Next 50 Movers H 253.40 pts.Close(₹�) Pts PE Wt(%)
Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . .. . 3883.75. . . . . . . . 36.84. . . . . . . 408.23 . . . . . . . . 3.51Dabur India. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 588.80. . . . . . . . 17.34. . . . . . . . . 61.41 . . . . . . . . 3.09Alkem Laboratories . . . . . . . . . . . .. . 3448.70. . . . . . . . 15.09. . . . . . . . . 25.49 . . . . . . . . 1.37Larsen & Toubro Info . . . . . . . . . .. . 4379.60. . . . . . . . 14.46. . . . . . . . . 37.92 . . . . . . . . 1.79Havells. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1089.65. . . . . . . . 10.51. . . . . . . . . 65.35 . . . . . . . . 2.45Ambuja Cements . . . . . . . . . . . . . . . . .. . . . 386.55. . . . . . . . . . 8.99. . . . . . . . . 21.37 . . . . . . . . 2.55Hpcl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 272.05. . . . . . . . . . 8.82. . . . . . . . . . . 3.62 . . . . . . . . 1.56Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2260.25. . . . . . . . . . 8.56. . . . . . . 101.99 . . . . . . . . 3.09Acc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2151.90. . . . . . . . . . 6.66. . . . . . . . . 24.20 . . . . . . . . 1.63Lupin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1186.65. . . . . . . . . . 5.80. . . . . . . . . 43.86 . . . . . . . . 2.56Info Edge (India) .. . . . . . . . . . . . . . . .. . 5122.75. . . . . . . . . . 5.46. . . . . . . . . 46.83 . . . . . . . . 3.56Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1753.30. . . . . . . . . . 3.59. . . . . . . . . 46.06 . . . . . . . . 2.10Biocon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 411.40. . . . . . . . . . 3.35. . . . . . . . . 57.92 . . . . . . . . 1.69Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 526.00. . . . . . . . . . 2.35. . . . . . . . . 56.61 . . . . . . . . 2.44Petronet Lng. . . . . . . . . . . . . . . . . . . . . . . .. . . . 222.05. . . . . . . . . . 1.05. . . . . . . . . 11.33 . . . . . . . . 1.50Dlf. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 331.25. . . . . . . . . . 0.97. . . . . . . . . 75.74 . . . . . . . . 1.84IPrulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 626.25. . . . . . . . 1.09. . . . . . . . . 94.09 . . . . . . . . 2.18Mrf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82236.30. . . . . . . . 1.55. . . . . . . . . 27.31 . . . . . . . . 1.54Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . .12839.10. . . . . . . . 1.74. . . . . . . . . 62.02 . . . . . . . . 0.83Bandhan Bank . . . . . . . . . . . . . . . . . . . . .. . . . 308.40. . . . . . . . 1.77. . . . . . . . . 22.52 . . . . . . . . 1.87Abbott India .. . . . . . . . . . . . . . . . . . . . . . .17344.25. . . . . . . . 1.99. . . . . . . . . 53.36 . . . . . . . . 0.63Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15218.50. . . . . . . . 2.08. . . . . . . . . 93.13 . . . . . . . . 1.17Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 144.35. . . . . . . . 2.80. . . . . . . . . 10.43 . . . . . . . . 2.30Indraprastha Gas . . . . . . . . . . . . . . . .. . . . 549.70. . . . . . . . 3.55. . . . . . . . . 32.82 . . . . . . . . 1.73Torrent Pharma . . . . . . . . . . . . . . . . . . .. . 2969.20. . . . . . . . 3.70. . . . . . . . . 40.13 . . . . . . . . 1.31Cadila Health. . . . . . . . . . . . . . . . . . . . . . .. . . . 639.50. . . . . . . . 3.89. . . . . . . . . 29.96 . . . . . . . . 1.47Punjab Natl Bank . . . . . . . . . . . . . . . . .. . . . . 40.30. . . . . . . . 5.72. . . . . . . . . 16.47 . . . . . . . . 1.08Yes Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 13.20. . . . . . . . 6.83. . . . . . . . . . . 0.00 . . . . . . . . 1.16Avenuesuper . . . . . . . . . . . . . . . . . . . . . . .. . 3331.60. . . . . . . . 7.01. . . . . . . 186.90 . . . . . . . . 3.41United Breweries . . . . . . . . . . . . . . . . .. . 1419.30. . . . . . . . 7.14. . . . . . . 329.68 . . . . . . . . 0.91Berger Paints India . . . . . . . . . . . . .. . . . 835.30. . . . . . . . 7.26. . . . . . . 112.73 . . . . . . . . 1.82United Spirits . . . . . . . . . . . . . . . . . . . . . .. . . . 659.95. . . . . . . . 7.76. . . . . . . 132.43 . . . . . . . . 1.77Bajaj Holdings . . . . . . . . . . . . . . . . . . . . .. . 3915.60. . . . . . . . 8.80. . . . . . . . . 11.93 . . . . . . . . 1.35Godrej Consumer . . . . . . . . . . . . . . . .. . . . 944.00. . . . . . . . 9.39. . . . . . . . . 56.09 . . . . . . . . 3.21Aurobindo Pharma . . . . . . . . . . . . . .. . . . 965.10. . . . . . 10.28. . . . . . . . . 10.60 . . . . . . . . 2.44Muthoot Finance . . . . . . . . . . . . . . . .. . 1541.85. . . . . . 10.36. . . . . . . . . 16.20 . . . . . . . . 1.50Sbi Cards And Pay Srv . . . . . . . .. . . . 972.65. . . . . . 10.48. . . . . . . . . 92.97 . . . . . . . . 1.51Siemens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1973.35. . . . . . 12.44. . . . . . . . . 76.10 . . . . . . . . 1.58Gland Pharma . . . . . . . . . . . . . . . . . . . . .. . 3858.60. . . . . . 12.91. . . . . . . . . 68.07 . . . . . . . . 1.30Adani Enter. . . . . . . . . . . . . . . . . . . . . . . . . .. . 1380.60. . . . . . 14.33. . . . . . . 145.20 . . . . . . . . 3.41Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1765.90. . . . . . 14.52. . . . . . . . . . . 0.00 . . . . . . . . 1.53Nmdc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 174.85. . . . . . 15.39. . . . . . . . . . . 8.16 . . . . . . . . 1.79Jubilant Foodworks . . . . . . . . . . . . .. . 3082.65. . . . . . 16.74. . . . . . . 176.48 . . . . . . . . 2.12Hdfc Asset Mgmt Cmp .. . . . . . .. . 2992.25. . . . . . 19.80. . . . . . . . . 48.09 . . . . . . . . 1.49Piramal Ent. . . . . . . . . . . . . . . . . . . . . . . . . .. . 2298.60. . . . . . 22.41. . . . . . . . . 38.83 . . . . . . . . 2.51Icici Lombard Gic . . . . . . . . . . . . . . . . .. . 1489.75. . . . . . 24.19. . . . . . . . . 45.98 . . . . . . . . 2.92Indus Towers .. . . . . . . . . . . . . . . . . . . . . .. . . . 229.75. . . . . . 31.53. . . . . . . . . 16.38 . . . . . . . . 1.67Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 264.90. . . . . . 33.59. . . . . . . . . . . 6.56 . . . . . . . . 3.01Adani Green Energy . . . . . . . . . . . .. . . . 979.15. . . . . . 34.54. . . . . . . 829.18 . . . . . . . . 2.94Adani Transmission .. . . . . . . . . . . .. . . . 968.05. . . . . . 35.65. . . . . . . . . 82.56 . . . . . . . . 1.83
Pts: Impact on index movement
OUR BUREAU
Mumbai, July 19
Nippon India Mutual Fund hasreported that its net profi�t in theJune quarter was up 17 per centat ₹�182 crore against ₹�156 crorein the same period last year,primarily due to higher incomeand lower cost. During thequarter, income wasup 10 percent at₹�369 crore(₹�336crore).
The averagequarterlyasset under management was up 33 percent at ₹�2.40 lakh crore against₹�1.80 lakh crore logged in June2020.Equity asset increased to44 per cent (38 per cent), debtwas higher at 30 per cent (29 percent), while liquid fell to 12 percent (19 per cent), ETFs increasedto 17 per cent (14 per cent) of over
all AUM. Equity average AUM wasup at ₹�1.29 lakh crore (₹�87,100crore) while that of fi�xed incomewas higher at ₹�1 lakh crore(₹�86,300 crore). Înfl�owsthrough SIP was lower at ₹�590crore ( ₹�670 crore).
Sundeep Sikka, ED & CEO,NAM India, said the market
shareand overall investorbase haveincreased,led by akeen retaildriven
approach, robust product suiteand dedicated eff�orts to growacross all asset categories. By successfully integrating the tenetsof ESG with responsible investment and building a formidabledigital presence, the fund houseis confi�dent of regaining marketposition, he added.
Nippon India MF Q1 net up 17% on higher income
LISTING GAINS AND A STUDY IN CONTRAST
KR SRIVATS
New Delhi, July 19
Paytm Money, a subsidiary of IPObound Paytm,has 2.08 lakh equity trading accounts as ofMarch 31, 2021. This has been disclosed in thedraft red herring prospectus that te fi�nancialservices major One97 Communications(Paytm) fi�led with SEBI recently for its proposed₹�16,600 crore IPO.
This performance of having over two lakhequity trading accounts may be noteworthy asPaytm Money had started providing stock broking services only in 2020, market observers said.
Although the total number of users availingPaytm Money’s stock broking services has increased and continuesto grow, it is still less thanone per cent of Paytm’s monthly active customer base. On an overall basis, there are over 33crore users availing various services off�ered byPaytm.
Tier 1 & 2 citiesPost the fi�rst wave of Covid19 and pandemic induced lockdown, there has been a sharp rise inthe number of new demat accounts. There hasbeen an increase of 70 lakh new demat accounts in 202021, taking the overall number ofdemat accounts as of end March 2021 to 6.2crore.
Paytm Money, which helps making directequity investing accessible across India, hasachieved a combined assets under management (AUM) of ₹�5,200 crore in mutual funds,gold and stock trading as on March 31,2021, theIPO prospectus showed.
Equity investing:Paytm Money appgains traction
OUR BUREAU
Ahmedabad, July 19
Building materials maker Nuvoco Vistas Corporation Ltd has received market regulatorSEBI’s approval for the company’s IPO.
The ₹�5,000crore IPO comprises a fresh issuance of shares aggregating up to ₹�1,500crore and an Off�er for Sale (OFS) aggregatingup to ₹�3,500 crore by the promoter sellingshareholder, the company informed.
The company had fi�led its draft red herring prospectus (DRHP) with SEBI on May 6.
The proceeds from the IPO will be used todeleverage the company’s balance sheet as itplans to pay off� ₹�1,350 crore of borrowingsand for general corporate purposes.
The 5th largest cement player by capacityof 22.32 million tonnes per annum NuvocoVistas has diversifi�ed into building materialsas it off�ers over 50 products across cement,ready mix concrete and modern buildingmaterials under its brand names such asConcreto, Duraguard, Double Bull, ZeroMand Instamix, a statement said. An additional expansion of 1.5 and 1.2 mtpa is underway at its Jojobera and Bhabua cementplants.
Nuvoco Vistas gets SEBInod for ₹�5,000cr IPO
................BM-BMECMYK
MUMBAI
BusinessLineTUESDAY • JULY 20 • 2021 7NEWS
OUR BUREAU
Mumbai, July 19
HDFC Life Insurance reported a33 per cent drop in its net profi�tto ₹�302.25 crore for the quarterended June 30, 2021 as against₹�451.09 crore in the sameperiod a year ago.
The drop in profi�t was due tohigher claims reserving towards heightened claims intimation expected in thesecond and third quarter of thefi�scal.
Rise in death claimsThe private sector life insurerwitnessed a steep rise in deathclaims, with peak claims in the
second wave at around three tofour times of the peak claimvolumes in the fi�rst wave.
It paid over 70,000 claims inthe fi�rst quarter. The gross andnet claims provided for amounted to ₹�1,598 crore and ₹�956crore respectively. Based on itscurrent claims experience, ithas set up an additional reserveof ₹�700 crore to service theclaims intimations expected tobe received.
HDFC Life Insurance reported a 31 per cent growth in totalpremium to ₹�7,656 crore in thefi�rst quarter of the fi�scal from₹�5,863 crore a year ago.
Total APE surged by 30 percent to ₹�1,561 crore in the fi�rstquarter of the fi�scal as against₹�1,198 crore a year ago.
Vibha Padalkar, ManagingDirector and CEO said, “Thestrength of our balance sheetand back book surplus has enabled us to absorb the shock of
heightened claims, whilst continuing to deliver growth.”
Its solvency ratio was 203 percent as on June 30, 2021 from190 per cent a year ago. Its 13thmonth persistency had also improved to 90 per cent at the endof the fi�rst quarter this fi�scal,versus 87 per cent a year ago.
HDFC Life Insurance net profi�tfor Q1 down 33% at ₹�302.25 crHigher provision due to heightened claims
intimation expected pulls down profit
Peak claims in the second wave were around three to four times of
the peak claim volumes in the first wave
OUR BUREAU
Mumbai, July 19
Life insurance companiesshould be accountable for onlyone parameter, which is the expense management limit, HDFCLife Insurance ChairmanDeepak Parekh has said. Thecompanies should also be permitted to distribute health indemnity and National PensionScheme, he added.
“Across the world, health indemnity and pension are part oflife insurance ...Allowing distribution of NPS and health could
help improve insurance reachacross the country,” Parekh saidin his address to the shareholders at the annual general meeting of HDFC Life Insurance onMonday.
He further said that discussions are on with the InsuranceRegulatory and DevelopmentAuthority of India (IRDAI) onmaking expense managementlimit the main criteria. “This
would be similar to the conceptof TER or total expense ratio,which is followed by mutualfunds as introduced by SEBI,”Parekh said.
The impact of the secondwave of the pandemic has beenmilder and has been largely restricted to the fi�rst quarter ofthe fi�scal, he said.
While the second wave impacted life insurance companies, it is expected that businesswill pick up in the secondquarter with the easing of thelockdown restrictions.
Hybrid or phygital model Noting that the pandemic hasincreased the awareness ofpeople, including millennialsto life insurance, Parekh saidthe industry has moved to a hybrid or phygital model for off�ering contactless services.
Cos should be
permitted to
distribute NPS,
health indemnity:
Deepak Parekh
‘Expense limit should be maincriterion for life insurance firms’
K RAM KUMAR
Mumbai, July 19
Suryoday Small Finance Bank
(SSFB) will step up focus on cost
management, recovery and
serving existing customers well
amid the pandemic. Business
growth will necessarily follow
as a result of this, according to
Baskar Babu R, MD & CEO.
In an interaction with
BusinessLine, Babu said his
bank continues to maintain
substantially high liquidity and
capital adequacy. So, it will be
ready to accelerate lending
when green shoots become
visible. Excerpts
Do customers in the
microfinance and small
business loan segments
continue to face strain in
loan repayment?
As things open up, customersare coming back into the loanrepayment track. So, in the
current economic cycle, if acustomer pays two out ofevery four instalments, he isconsidered a good customer.Among our delinquent customers in March 2021, about76 per cent of them paid an instalment at least in one of thetwo months — February orMarch.
Moratorium did a verygood thing for the customersas they did not feel that theywere defaulting. And coincidentally because of regulatoryand government support, thecredit fl�ow continues to themicrofi�nance segment.
In the small business segment, the bounce back usually is much swifter. They startputting their skills/competencies to work. For many suchbusinesses, it is the time valueof money
When do you expect
lending operations to get
normalised?
Given that we have come outof the pandemic, we were farmore confi�dent that we willbe able to weather the secondwave. As we started moving
towards normalcy, about 8085 per cent of the customersstarted displaying good (repayment) behaviour. We willhave to go back to reconnectwith the rest.
When it comes to lending ahelping hand to customers facing incipient stress, the focusis to do restructuring in a
are looking at health insurance as a key product. It is nomore a product which has tobe sold. People realise the importance of having a meaningful insurance cover.
We are planning to roll outa product for a particular savings account variant, wherebythe customer will get a complimentary topup insurancecover of up to ₹�40 lakh in thefi�rst year….The middle classusually have a health insurance cover or can manage anexpense of, say, ₹�45 lakh. Butwhen a large oneoff� expensearises, it becomes very diffi�cult to manage. So, we are trying to work out a valueaddedproduct.
Two years back, we gave asachet insurance product toour microfi�nance customersto cover the losses arisingfrom natural calamities. For a₹�50 premium for two years,the product covered any damage to goods and property upto ₹�50,000. We don’t get anycommission for this. It is justan addon product. The penetration is pretty good at about70 per cent.
meaningful manner for themto overcome the pain. Thiswill reduce NPAs.
If a third wave does not hitus badly, it will be back tobusiness as usual. We will getcloser to normalcy by September.
Will you tweak the way you
are doing business in the
light of the experience
gained from the pandemic?
When it comes to businessmodel, the way in which wewill tweak it will be in termsof enhancing our productlines as our customers graduate (from small ticket microfi�nance loans to biggerloans)...about 56 per cent ofour total customer base of 1.5million will be requiring ahome loan in the next 12months.
Given that people are
increasingly dipping into
their deposits to meet
emergency health expenses,
how will you ensure that
deposits don’t
haemorrhage?
Even lowincome households
Moratorium freed
customers from
default pangs, says
Suryoday MD
‘Customers are getting back on loan repayment track’ZY
Even low-income
Households are looking at
health insurance as a key
product. It is no more a
product which has to be
sold. People realise the
importance of having a
meaningful insurance
cover.
BASKAR BABU RMD & CEO, Suryoday SmallFinance Bank
YZ
OUR BUREAU
New Delhi, July 19
Capital India has added anotherbusiness to its portfolio by investing $25 million in mixedequity and debt in Credenc, aneducation lending fi�ntech platform. The aim is to ensure CapitalIndia's vision to enable digitalfi�nancial products and servicesto Indian customers.
“The annual spend on collegefees in India is around $50 billionor ₹�3.5+ lakh crore, of which only5 per cent is fi�nanced by organised lenders. With Credenc, Capital India Finance Limited (CIFL)intends to change the segmentperception and reduce underwriting risk on the basis of Credenc’s future employability
score. This will help in improvingthe percentage to atleast 15 percent, aiming to lend 3,000 croresby 2025. Also, the founders willcontinue to run operations forCredenc as we would not want todisrupt the working of the organisation and believe theyknow the business best,” said SKNarvar, Promoter, Capital India.
Evaluation processThe Credenc undertakes a rigorous evaluation process using aproprietary artifi�cial intelligence (AI) model, which tracks 15
million data points to predict future income of students applying for loans. They provide fi�nancial assistance based on studentpotential and future income instead of the family’s existing fi�nancial capability, which is typically the primary factorconsidered by traditional education lenders.
“Our partnership with CapitalIndia is very strategic, it gives usboth balance sheet and cost ofcapital advantage which willhelp in bringing about a changein the education lending segment by providing loans to students who were until now ignored, and help lakhs of Indianstudents achieve their potential,” said Avinash Kumar, Cofounder, Credenc.
Credenc off�ers educationloans covering K12 school fees,online upskilling courses,higher education as well as studyabroad courses at the click of abutton and will soon launch In
dia's fi�rst studentfocused neobank. It is currently developingthe entire student education ecosystem helping students andparents with credit, accommodation, employability, savings,forex, and investments on a mobile app.
“We are keeping the studentsat the core of our business andbuilding a digital ecosystem thatwill serve them like never before.We are making fi�nance andbanking simple for Indian students and enabling them to befi�nancially literate and responsible,” said Mayank Batheja, Cofounder, Credenc.
With this investment, Credencis looking to build a book of₹�3,000 crore by 2025. It is a Delhibased fi�ntech founded byAvinash Kumar and MayankBatheja in 2017 and is a technologyled education loans platform, working as the digital fi�nance desk of 1,000+ collegesacross 17 cities in India.
Credenc offers
loans, to launch
student-focused
neo bank soon
Capital India to invest $25 million in Credenc for education fi�nance
SK Narvar, Promoter, Capital
India
OUR BUREAU
Hyderabad, July 19
Banking and fi�nancial services major Goldman Sachshas opened a new facility inHyderabad as part of its commitment to expand its globalcentre for engineering andbusiness innovation in India.
The new offi�ce is expectedto have about 800 people byyearend and grow to over2,500 people by 2023.
The new offi�ce will hostfunctions across engineering, fi�nance, human capitalmanagement, and supportfor consumer banking, andspecialise in digital banking,artifi�cial intelligence andmachine learning areas.
Goldman Sachs’ has a unitBengaluru too, which hasabout 7,000 professionals,making it the fi�rm’s secondlargest offi�ce in the world.
Goldman Sachssets up centre in Hyderabad
PRESS TRUST OF INDIA
New Delhi, July 19
India's largest Thrasiostyle investment venture, GlobalBeeson Monday said it has raised$150 million (about ₹�1,123 crore)in funding from FirstCry andsome of its investors.
Mix of equity, debtThe funding a mix of equityand debt also saw participationfrom Lightspeed Venture Partners, a statement said.
With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed, Atul Guptaof Premji Invest, Sudhir Sethi ofChiratae Ventures, and KshitijSheth of Chrys Capital will jointhe GlobalBees board, it added.
Thrasio is a digital consumergoods company that acquiresthirdparty private labelAmazon FBA (Fulfi�llment byAmazon (FBA) businesses anddirecttoconsumer(D2C) ecommerce brands.
“With a focus on capital effi�ciency, GlobalBees looks to partner with digitally native brandsacross categories like beauty,personal care, home, kitchen,
food, nutrition, sports, lifestyleetc with a revenue rate of $120million, which as per the company, is proof of a greatproductmarket fi�t,” the statement said.
Nitin Agarwal, cofounder,and Chief Executive Offi�cer ofGlobalBees, said the organisation aims to unleash the powerof product innovation by Indian entrepreneurs and strategically partner with them tohelp them realise the full potential of their brand and products.
“Apart from capital, GlobalBees brings in strategic capabilities across Marketing andGrowth, Technology, Distribution, Sourcing, Branding, Warehousing, Logistics, R&D,Product Development and Operations all things essential torapidly scale the brands in thedigital space,” he added. Thefunds raised will play a crucialrole in helping GlobalBees scalethese brands globally, Agarwalsaid.
GlobalBees is already in theprocess of integrating over 10digitally native brands in thecountry, the statement said.
GlobalBees raises $150mto create ‘house of brands’
FORUM GANDHI
Mumbai, July 19
Hit hard by the Covid19 pandemic, the tourism industryis estimated to have lostclose to 2.1 crore jobs in justthree quarters of FY21, according to a report by theNational Council of AppliedEconomic Research(NCAER).
In January this year, theMinistry of Tourism hadcommissioned NCAER to
prepare a report on the impact of the Covid19 pandemic on the tourism sector.While the fi�nal draft is yet tobe uploaded, excerpts fromthe report were reviewed byBusinessLine. It has been estimated by NCAER that in20192020, the tourism sector generated close to 3.4crore jobs. However, byMarch 2020, the Covid19pandemic hit hard, and thetourism sector was the fi�rst
to get impacted and suff�eredthe most.
According to the report,once the lockdown was implemented, 14.5 million jobswere lost during Q1, 5.2 million jobs were lost in Q2 and1.8 million jobs were lost inthe third quarter.
Not only is the tourismsector one of the highest jobcontributors, but it has alsobeen a large contributor inforeign exchange earnings.
Tourism industry lost over 2 cr jobs in FY21
OUR BUREAU
Mumbai, July 19
Life Insurance Corporationof India (LIC) has introduced its new policy‘Arogya Rakshak’.
“This plan provides fi�xedbenefi�t health insurancecover against certain specifi�ed health risks andprovides timely support incase of medical emergencies and helps the insuredand his/her family to remain fi�nancially independent in diffi�cult times,” LICsaid in a statement onMonday
The product is a nonlinked, nonparticipating,regular premium, individual, health insuranceplan.
An individual can insurehimself or herself as thePrincipal Insured as well asspouse, all children andparents under a singlepolicy.
“The plan is available forprincipal insured, spouseand parents aged 18 years to65 years and children of age91 days to 20 years,” LIC said.
LIC launchesArogya Rakshak
................BM-BMECMYK
MUMBAI
8 BusinessLine TUESDAY • JULY 20 • 2021COMMODITIES
SUBRAMANI RA MANCOMBU
Chennai, July 19
India will likely continue itsdominance in the globalrice market this fi�scal, too,with its competitive off�erings. Nonbasmati rice exports are likely to exceedlast fi�scal’s record shipments of 13.08 milliontonnes (mt) or at least remain around that level, according to trade and industry experts.
Panic over pandemicBesides this, India also exported 4.6 mt of basmatirice. Totally, rice exportsfetched ₹�65,297 croreagainst ₹�45,426 crore in201920.
However, realisations
from exports could be affected since panic purchases by some countrieswitnessed last fi�scal aremissing.
“Our nonbasmati rice exports are doing well. Overall, its shipments could behigher than last year ataround 1415 mt,” said VinodKaul, Executive Director, AllIndia Rice Exporters’ Association (AIREA). “According tothe government's advanceestimates, rice exports haveincreased, primarily due tononbasmati shipments,” hesaid.
“Last year, importingcountries had purchaseddue to the panic created byCovid pandemic. Thosecountries have ample stocks
now. Buying could be on aneed basis. Importers mayopt to buy only if prices arelower,” said a New Delhibased analyst.
This has resulted in Indian fi�ve per cent brokenparboiled rice prices dropping by $57 ( ₹�375525) atonne in the last couple ofweeks. Currently, it isquoted at $364368 (₹�27,25027,525) a tonne. Globally,rice prices have dropped to
16monthlow now. On theother hand, basmati exportswere 15 per cent lower inApril and the trend continued in May, Kaul said,adding that the drop wasdue to container shortageand high ocean freight.
“Our exports to Africa andBangladesh continue to begood. Our prices are comparatively competitive compared with others,” a Mumbaibased trader said. “We
could export about one mtof nonbasmati rice toBangladesh this year,” thetrader said.
Bangladesh tenders“Bangladesh is fl�oatingtenders every month to import 50,000 tonnes and Indian fi�rms are getting theseas their bids are the lowest,”the trader said.
“Bangladesh traders saytheir government will beginfl�oating tenders regularlyfrom August,” he said.
In addition, Indian tradecould take advantage of acut in Bangladesh rice import duty to 25 per centfrom 62.5 per cent in December last year. Dhaka has alsoallowed private traders toimport one mt of rice whichcould also help Indianshipments.
“Private traders are not
actively importing. It is thegovernment there that is actively importing,” the tradersaid.
New arrivals“India exports are helped bythe arrival of the new crop inTelangana and Andhra Pradesh. Despite Covid shutdowns, the ports were operational, and railways movedfreight in time. This hashelped maintain the momentum in exports,” said BVKrishna Rao, President, TheRice Exporters’ Association(TREA).
A Delhibased multinational exportimport offi�cialsaid India exported 78 mt ofrice annually a few years ago.“But 10 mt has become thenew normal now as India hasemerged strongly in theglobal export market,” hesaid.
Momentum in shipments to Bangladesh,
Africa continues; value might drop
Rice exports likely to top last year’s performance
AKHIL NALLAMUTHU
BL Research Bureau
The continuous contract of leadon the Multi Commodity Exchange (MCX) has witnessed considerable volatility since the beginning of the year. It rallied untilthe fi�nal week of February to hit ahigh of ₹�181.3. Then, the contractreversed the trend and declined.It was arrested at the support of₹�158. It gained again after takingthis support but facedresistanceat ₹�181. Following this, the futuresmoderated to ₹�170. This acted as agood base and the contracthovered around this region forquite some time. In the fi�nal weekof June, the contract rallied andfor the third time since the beginning of 2021, the price level of ₹�181acted as a roadblock. This has become a critical level and unlessthis level is breached, rallies canbe weak and can be utilised tosell.
While the contract consolidated around ₹�180 level onMonday, it slipped below the consolidation range bottom of ₹�177with signifi�cant volume. This hasturned the outlook bearish forthe contract. The relativestrength index is showing a freshdowntick. The moving averageconvergence divergence indicator on the daily chart has turneddownwards. The price is now below the 21day moving average.
Considering the above factors,traders can short the contractwith stoploss at ₹�179. Initially, thecontract can be expected to dropto ₹�170. A breach of this level candrag the contract to ₹�165.
COMMODITY CALL
Go short on MCXlead futures; stoploss at ₹�179
V SAJEEV KUMAR
Kochi, July 19
Chilli continued to be the mostsought after in the spices export basket, enabling India’sspices shipments to top the $3.5billion mark in total exportsduring 202021 fi�scal. In 201920, the fi�gure was $3.03 billion.
China has emerged as thenumber one export destination for Indian spices over forthe last two fi�scal, surpassingthe US. Sources in the spices export industry told BusinessLinethat the dragon nation accounts for a majority of Indianchilli exports as well.
However, the latest exportfi�gure of China’s import of Indian chillies is not available asof now, but that country had
shipped around 1.4 lakh tonnein FY20 from a meagre 10,000tonne in FY18, the sources said.
Indian varieties An industry expert said thatChina does not grow red chillies similar to Indian varietiesand the varieties such as Teja,Sannam, Bydagi are availableonly in India. Proper blendingof these varieties makes it possible to prepare the right compositions for various markets.Indian chilli exporters can export to China with ease. Be
sides, the reduction of chilliprocurement by China fromthe strifetorn Syria, Turkey andIran has also boosted the demand for Indian chillies.
Major exporting companiesare advocating Integrated PestManagement Practicesthrough backward linkages using good agricultural practices. This gives buyers confi�dence to import genuinechillies.
Spices Board fi�gures saidthat the exports continued towitness an upward trend inFY21, despite the Covid19 pandemic. The estimated export ofspices and spices productsfrom 202021 is 15,65,000tonne, valued ₹�27,193.20 crore,against 12,08,400 tonne, valued ₹�22,062.80 crore, the previous fi�scal.
Total chilli exports in 202021were 6,01,500 tonne valued at₹�8,430 crore, up 21 per cent inquantity and 26 per cent invalue. Last year, it was 2,64,500
tonne worth ₹�3,605 crore.
Other spicesBesides chilli, other spicesthat have witnessed a majorincrease in exports were turmeric, ginger, cardamomand spice seeds such ascumin, fenugreek. Some ofthis increase in consumption is due to the fact that anumber of spices have immunity booster propertieswhich will help in fi�ghtingthe pandemic, the offi�cialsources said.
Cumin was the secondmost exported spice, recording an increase of 40 per centin volume and 26 per cent invalue. A total of 2,99,000tonne of cumin valued at₹�4,253 crore was exported.Turmeric export was1,83,000 tonne in volume fora value of ₹�1,675 crore, whileginger stood at 1,25,000tonne on a value of ₹�756crore.
Exports top $3.5 b;
turmeric, ginger,
cardamom
shipments also gain
Total chilli exports in 202021
were 6,01,500 tonnes valued at
₹�8,430 crore
Chinese chilli imports lift spices exports
FUTURES TRACKERSymbol Delivery Centre
PriceUnit
PreviousClose (₹�)
Close (₹�)%
ChangeOI
MCX
ALUMINIUM Thane 1 Kg 197.7 196.2 -0.8 9,220
COPPER Thane 1 Kg 730.9 723.6 -1.0 1,02,75,000
COTTON Rajkot 1 Bales 25,900.0 25,920.0 0.1 80,250
CPO* Cash Settled 10 Kg 1,092.2 1,096.6 0.4 40,640
CRUDEOIL Cash Settled 1 BBL 5,376.0 5,218.0 -2.9 52,200
GOLD Ahmedabad 10 grms 48,053.0 47,988.0 -0.1 6,579
GOLDGUINEA Ahmedabad 8 grms 38,509.0 38,448.0 -0.2 31.12
GOLDM Ahmedabad 10 grms 48,040.0 47,968.0 -0.1 1,307
GOLDPETAL Ahmedabad 1 grms 4,750.0 4,741.0 -0.2 47.647
KAPAS* Cash Settled 20 Kg 1,364.5 1,366.5 0.1 180
LEAD Thane / Chennai 1 Kg 178.4 176.9 -0.8 5805
MENTHAOIL Chandausi 1 Kg 956.9 961.2 0.4 339.84
NATURALGAS Cash Settled 1 mmBtu 273.6 279.7 2.2 2,48,12,500
NICKEL Thane 1 Kg 1,435.0 1,431.3 -0.3 4,38,4500
RUBBER Palakkad 100 Kg 17,009.0 17,471.0 2.7 95
SILVER Ahmedabad 1 Kg 68,319.0 67,780.0 -0.8 4,06,590
SILVERM Ahmedabad 1 Kg 68,553.0 68,052.0 -0.7 1,01,905
SILVERMIC Ahmedabad 1 Kg 68,552.0 68,059.0 -0.7 86,047
ZINC Thane 1 Kg 243.9 242.0 -0.8 11,385
NCDEX
CASTOR DEESA Quintal 5,396.0 5,450.0 1.0 665
CHANA BIKANER Quintal 4,750.0 4,784.0 0.7 850
COCUDAKL AKOLA Quintal 2,716.0 2,699.0 -0.6 1490
COTTON RAJKOT Bales 25,550.0 25,550.0 0.0 0
DHANIYA KOTA Quintal 6,700.0 6,920.0 3.3 145
GUARGUM5 JODHPUR Quintal 6,575.0 6,573.0 0.0 365
GUARSEED10 JODHPUR Quintal 4,144.0 4,205.0 1.5 595
JEERAUNJHA UNJHA Quintal 13,335.0 13,470.0 1.0 492
KAPAS RAJKOT 20 Kg 1,374.0 1,376.0 0.1 830
RMSEED JAIPUR Quintal 7,258.0 7,325.0 0.9 5,390
STEEL GOBINDGARH Quintal 42,560.0 43,350.0 1.9 180
SYBEANIDR INDORE Quintal 8,137.0 8,277.0 1.7 1,600
SYOREF INDORE 10 Kg 1,377.0 1,389.0 0.9 3,835
TMCFGRNZM NIZAMABAD Quintal 7,380.0 7,500.0 1.6 35
Source: MCX and NCDEX; all contracts are current month/near month; close prices are taken fromprovisional bhav copy (as of 17.00 hours); *delivery option available
• Oil was the worst performing commodity on Monday asprices dropped to a fourmonth low. The developmentcomes after OPEC+ agreed to boost supply as a rising dollarand broader market selloff� compounded pressure on themarket.
• Coff�ee, cocoa and sugar futures on ICE fell on Monday,reversing some of last week’s gains as global equities and oilslumped on worries over surging Covid19 cases worldwide.October raw sugar fell 3.2 per cent to 17.13 cents per lb,having hit a 11/2 week high of 17.79 cents.
MCX COMPDEX D -80.10 pts (-0.70%) MCX BULLDEX D -43.76 pts (-0.30%) MCX METLDEX D -99.96 pts (-0.65%) NCDEX AGRIDEX C 14.45 pts (0.99%)
PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE
11513.48 11516.65 11428.19 11433.38 14709.74 14722.02 14631.06 14665.98 15465.67 15468.13 15348.61 15365.71 1462.90 1483.00 1465.05 1477.35
G CHANDRASHEKHAR
The Agricultural Outlook Report20212030 recently published byOECDFAO should make Indianpolicymakers sit up and takenote. The government has announced that the country willpursue the goal of selfsuffi�ciency(Aatmanirbhar) in vegetable oils.The announcement has so far remained just a statement of intentwithout any real progress indesigning strategies for boostingdomestic production.
Since the mid1990s, India hascontinued to face a serious shortage of edible oil, a critical food ingredient of mass consumption.Over the years, our import dependence has worsened to an
alarming level to stand at about70 per cent today. We produceonly a third (78 million tonnes)of our consumption need whileour import stands at a staggering1314 ml t worth over $10 billion(₹�75,000 crore) per annum.
Dubious distinctionWe have the dubious distinctionof being the world’s singlelargest import market for edibleoil. The more dependent we remain on the world market formeeting our consumptionneeds, the more vulnerable thenation’s food security would become. That’s why the sector outlook till 2030 is important.
Of all agricultural commodities, vegetable oil has one of thehighest trade shares (41 per cent)of production. Palm oil dominates the global vegoil market.Malaysia and Indonesia, theworld’s leading suppliers of palmoil, will continue to dominateworld trade. The OECDFAO report has, however, projected thatfuture production growth will beconstrained by land availability,
age of trees, yield improvementand sustainability challenges. So,further production growth willbe limited.
At the same time, India is projected to maintain its high import growth of 3.4 per cent perannum due to growing domesticdemand and limited productiongrowth opportunities.
India’s vegetable oil consumption is projected to maintain ahigh per capita growth of 2.6 percent per annum, reaching 14 kilograms per capita by 2030. It is another matter that the per capitanumber masks the reality by ignoring the skew in the consumption pattern the country has witnessed for decades. In future,consumption will be driven byincreased urbanisation, a shift in
dietary habits towards processedfoods that have high vegoil content, the report has pointed out.This simply means that India’s vegetable oil consumption demand growth will outpace production growth the whole of thisdecade – not a happy forecast forNew Delhi. Conceding that thepandemic over the last 15 monthshas slowed down activities, thereis nothing to prevent the government from evaluating variousstrategies to boost domestic output and gradually work towardsreducing the import dependence in a time bound manner.
To boost domestic output andreinin the unregulated importof vegetable oil, several practicalrecommendations were made atthe National Seminar on Oilseedsheld in Hyderabad during February 2020. The government mustwork on them and demonstratesuffi�cient ‘political will’ to walkthe talk of selfsuffi�ciency.
The author is a policy
commentator and agribusiness
specialist. Views are personal
Centre must workto boost localproduction,regulate imports
Vegoil offtake to outpace output rise: OECDFAO
COMMENTARY
VINSON KURIAN
Thiruvananthapuram, July 19
If the ongoing week hasseen the monsoon reveal itsvirulent self to the batteredWest Coast and the soggyplains of NorthWest India,the coming week does notlook like hardly anythingmarkedly diff�erent, said anoutlook from the EuropeanCentre for MediumRangeWeather Forecasts(ECMWF).
India Meteorological Department (IMD) too sharesa similar outlook saying,
skies may clear up by turnover central India duringthe ongoing week and overthe South Peninsula duringthe week that follows (July2329), coinciding with thelast month of what is nor
mally the rainiest of thefour monsoon months.
Monsoon windsClimate Prediction Centreof the US National Centresfor Environmental Prediction builds a case for theseforecasts by pointing to thepossibility of an area of lowpressure deepening overthe Arabian Sea (orstrengthening of the westerlies) and the adjoiningNorthWest India duringweek from July 21 to 27.
This is in turn attributedto an enhanced phase ofthe cloud and moistureboosting MaddenJulian Oscillation (MJO) wave thatperiodically traverses theIndian Ocean. The ECMWF,however, doubts if it would
prop up a canonical lowpressure area, and if it does,whether it will be able tocross the coast.
Heavy rain over coastThe 24 hours ending onMonday morning more orless carried over fromwhere the monsoon endedthe previous day dumpingheavy to very heavy rainfallwith extremely heavy fallsover Konkan and Goa;heavy to very heavy rainfallover Haryana, Chandigarh,Delhi and West UttarPradesh.
Low-pressure areaA lowpressure area forming over the NorthWest Bayof Bengal off� the CuttackKolkata in another four
days (July 23) will likelysend the monsoon soaringto another peak with heavyto very heavy rain headingback to the West Coast, theSouth Peninsula, East Indiaand parts of NorthWestIndia.
The ECMWF has predicted an almost diagonalcorridor of intense rains developing from around Kakinada in Andhra Pradeshinto Telangana, Maharashtra, Madhya Pradesh,Gujarat and East Rajasthana few days after the ‘low’forms. Some of the citiesfalling under this corridorare Hyderabad,Chandrapur, Nagpur, Amravati, Khandwa, Indore,Banswara, Ahmedabad andPalanpur.
‘Monsoon may stay strong into next week too’Euro agency, IMDshare similar
outlook on WestCoast, North-West
ECMWF sees a belt of heavy
rain building along the West
Coast, diagonally across
Peninsular India into the next
week
OUR BUREAU
New Delhi, July 19
Prices of pulses are expected to moderate after theCentre relaxed the stocklimit for traders and millerson Monday. The new limit,to be in force till October 31,will be applicable to tur (pigeon pea), urad (blackmatpe), gram (moong) andmasur (lentils), an offi�cialstatement said. The new order, coming a fortnightafter the Centre imposedstock limits on pulses, willallow wholesale traders tostock up to 500 tonne butno particularly variety canbe over 200 tonne. Retailers’limits are unchanged at fi�vetonnes.
Millers will be allowed tokeep stocks that match theproduction during the pre
vious six months or 50 percent of their annual installed capacity. The earliercaps were 200 tonne forwholesalers and threemonth’s production or 25per cent of installed capacity for millers.
The pulses trade welcomed thedecision. “We areconfi�dent that this willsmoothen the supply ofpulses in coming monthsand stabilise the prices during the forthcoming festivals period,” said BimalKothari, Vice Chairman, Indian Pulses and Grains Association, in a statement.
Myanmar impact“The Centre had to revisethe norms since prices ofpulses such as tur and uradcontinued to rule high. This
was since Myanmar is unable to export them due tounrest following a coup andspread of Covid pandemic,”said New Delhibased tradeanalyst S Chandrasekaran.
Trade sources said thatimporters were also hesitating to import in view of thestock limits and, as a result,prices continued to rulefi�rm. For example, urad daland tur dal retail prices arecurrently ruling at ₹�114 and₹�100 kg, respectively, inDelhi – unchanged over thepast month.
“The decision to relax thestock limits is also a signalto farmers that the Centre isalso concerned over theirwelfare, particularly whenkharif sowing is on,”Chandrasekharan said. TheCentre’s decision is also
Prices of pulses set to moderateas Centre relaxes stock limits
VISHWANATH KULKARNI
Bengaluru, July 19
Sea6 Energy, a seaweed farming and processing fi�rm withoperations in Tuticorin andBali, has raised $9 million (approx ₹�67 crore) in Series Bfunding led by AquaSpark, aNetherlandsbased investment fund on sustainable agriculture. Singaporebased Silverstrand Capital is thecoinvestor in the Series Bround.
The Bengaluruheadquartered Sea6 Energydevelops proprietary technologies for converting freshtropical seaweeds into novelecofriendly products for segments such as agriculture, animal health, food ingredients,bioplastics and renewablechemicals. The companyraised ₹�35 crore in the Series Afunding from Tata Capital Innovation Fund in 2015.
Sea6 has already commercialised the seaweed basedbiostimulants for agriculture in India and overseasmarkets including the US, SriLanka and Vietnam. The company expects to commercialise the animal healthproducts for shrimps andpoultry segment soon.
“We plan to utilise thelatest funding to augmentour research and development, processing facility andstrengthen marketing of ouragricultural biostimulantsand animal health products,”said Shrikumar Suryanaryan,Managing Director and CoFounder, Sea6Energy.
SeacombineThe company has developedthe proprietary seacombine,a fully mechanised cultivation system that can simultaneously harvest and re
plant seaweed in deep oceanwaters, enabling cost competitive production at scale.The seacombine has been deployed in Indonesia, wherethe tropical seaweeds arewidely grown. “The newfunds will contribute towards the fi�nancing of additional seasombine systems toincrease supply of seaweedraw material,” Suryanarayansaid.
Sea6 expects to bring theseacombine to India with thepickup in cultivation of tropical red seaweeds, which is
still in early stages. Sea6 wasfounded in 2010 at IIT Madras byShrikumar Suryanarayan,former R&D Head of Biocon,who was an adjunct faculty andthree biotechnology graduatesfrom the institute – Sailaja Nori,Nelson Vadassery and SowmyaBalendiran. The company hasabout 60 employees of whichabout 25 are in the R&D.
“Sea6’s fi�rstofitskind innovation is wellpositioned to impact how we farm seaweed andits utilisation across industries.Their SeaCombine makes sustainably farming the ocean apossibility, while capturing CO2and transforming it into valuable products. The company’sapproach impressed us fromthe start, and we are eager to integrate them into our portfolioand begin to work together,”said Mike Velings and Amy Novogratz, cofounders of AquaSpark.
Mahindra Agri Business andStanes are helping Sea6 to market its products for agriculturesegment in the country.
Sea6 Energy to use Aqua-Spark
investments in R&D, processing
Sea6 Energy was founded in
2010 at IIT Madras
Seaweed start-up gets $9 m Series B funding
OUR BUREAU
Pune, July 19
The Maharashtra government is gearing up to ensure availability of over4,500 tonnes of oxygenahead of the anticipatedthird wave of the Covidthird wave. During thesecond the State’s daily oxygen requirement forCovid19 patients hadreached 1,750 tonnes.
In the last few days, ChiefMinister Uddhav Thackerayhad a series of meetingswith State offi�cials, oxygenmanufacturers, and industrialists to discuss preparations of the possible thirdwave of Covid19.
Oxygen productionThackeray has ordered oxygen manufacturers to accelerate production of the lifegiving gas and build the ca
pacity to at least 3,000tonnes per day. The Statehas a daily capacity to generate about 1,300 tonnes ofoxygen.
In a recent meeting,Thackeray said that State ismaking eff�orts to vaccinatepeople but there is a limitation to the availability ofvaccines. “Many people
have not yet received thefi�rst dose of vaccine. In thissituation, the third wavecould be more dangerousconsidering the rising number of cases and the rise of
Delta variant,” said Thackeray. The State governmentis facing the dual challengeto control the rising number of Covid19 cases insome districts of the Stateand at the same time continue trade and industrialoperations.
Meanwhile, State Industry Minister SubhashDesai has said that the industries should vaccinatetheir staff� members andlocals in the industrialareas using CSR funds.
Chief Minister Thackeray says that the
State is making effort to step-up
vaccination but supply is a limitation
Maharashtra ramping up O2 output ahead of 3rd Covid wave
................BM-BMECMYK
Capital inundated
Commuters wade through a waterlogged road due to heavy rains, near ITO in New Delhi, on Monday PTI
OUR BUREAU
New Delhi, July 19
Prime Minister NarendraModi on Monday urged Parliamentarians to ask questionsandallow the government torespond.
“Let this session be resultoriented with debates so thatthe government can givepeople the answers sought bythem. I would urge all the MPsand all the parties to ask themost diffi�cult questions in theHouses, but should also allowthe Government to respond ina peaceful atmosphere,” Modisaid in his customary remarksbefore both houses of the Par
liament. Modi listed discussion on pandemic as a priorityand asked for practicalsuggestion.
“We want meaningful debates in the Parliament overthe pandemic. It should begiven the highest priority sothat we get all the suggestions,leading to increasing innovation in the fi�ght against thepandemic. If there are shortcomings, then they can be rectifi�ed and we can move forward together in this fi�ght,” hesaid. He also urged all MPs toget vaccinated as itmakes one‘Baahubali’ in fi�ght againstCovid.
Ask hard questions, but allowgovt to answer, Modi tells MPs
OUR BUREAU
New Delhi, July 19
Prime Minister NarendraModi congratulated SherBahadur Deuba on his appointment as the PrimeMinister of Nepal and winning the vote of confi�dencein Parliament in a telephone conversation onMonday.
He also discussedstrengthening of bilateralrelations with hiscounterpart.
“Recalling the uniqueand milleniaold peopletopeople linkages that underpin the special friendshipbetween India and Nepal,the leaders agreed to worktogether to enhance bilateral cooperation in allareas,” according to a statement issued by the Ministry
of External Aff�airs.The two leaders discussed
ways to strengthen cooperation and coordination inthe context of ongoing effort against the Covid19pandemic.
Deuba secured a comfortable majority in the Houseof Representatives onSunday with only 83 votescast against him.
PM Narendra Modi KAMAL NARANG
Modi congratulatesNepal’s PM Deuba
RADHESHYAM JADHAV
Pune, July 19
Covid19 came as a catastropheto septuagenarian SakhubaiDhakne. She has no family to depend on, and eked out a livingdoing odd jobs. During theCovid pandemic, nobody gaveher any work, and she is just oneof many who are not in a position to do any work because ofold age.
Arjun Yadav, is in his late 70s,he cooks for himself and somehow manages to survive. Butwithout work, he was a worriedman, like the 500 elderly peoplein 30 villages of Beed and Osmanabad districts in Maharashtra. Many have been left destitute and have nobody to relyon.
A few years ago, the people ofBeed joined hands to start community kitchens for the elderlyvillagers and these kitchensproved lifesavers during thepandemic. Freecommunitydining housesknown asTrupti Kitchensare providingtwo nutritiousfresh meals perday to senior villagers and village committees are alsoproviding medicines, clothing,shelter and other necessities.
Win-win for stakeholders “There were many elderly whohad no access to basic meals andmany starved. We came up with
the idea of a community kitchen in 2016 with 11 benefi�ciaries” said Aniket Lohiya, Secretary with AmbajogaibasedManavlok organisation in Beeddistrict, which took the lead inthe community kitchen project.
The cost of two meals forevery elderly person is ₹�12,000and the benefi�ciary contributes
₹�200 everymonth. “Theamount of₹�200 is to ensure that benefi�ciaries don’tfeel that theyare eating
donated food and they have asense of ownership. The contribution by the elderly is returnedin the form of tiffi�ns, blankets,and solar lamps during Diwalifestival,” said Lohiya who addedthat more community participation is needed to reach poorelderly who are in need of food.
The kitchens are run by poorneedy women who are paid ₹�40per day per head. On average, awoman cooks for ten or moreelderly people twice a day andearns ₹�3,0004,000 per month.Once a year, women who runthese kitchens get a mixergrinder, solar lamp, cooker, andother gifts as a bonus.
Covid19 has destroyed therural fabric and elderly members in the community havesuff�ered the most. Mandatai Yadav says that, with age, herworking capacity declineddrastically and ultimately shewas not able to earn much. Thecommunity is taking care ofpeople like Mandatai. They willnot have to leave their villagesand homes to spend their lastdays at oldage homes. The community has not just given themmeals twice a day but also dignity and a sense of belonging inthese testing times.
Covid-19: How community-managed kitchensfeed the destitute in these Maharashtra villages An initiative in 30 villages of Beed,
Osmanabad supports the helpless in
their old age and gives them hope
OUR BUREAU
New Delhi, July 19
The Department of AnimalHusbandry and Dairying(DAHD) has set up a dairy investment accelerator underits Investment FacilitationCell to off�er investors specifi�cinputs for evaluation of opportunities, giving information about governmentschemes and connecting withstrategic partners, an offi�cialstatement said on Monday.
Besides, the accelerator willwork with the department toorganise events with globaland local industry participation to understand investorperspective, facilitate directinteractions with government offi�cials and networkwith industry.
It would also generateawareness about the ₹�15,000crore Animal Husbandry Infrastructure Developmentfund to support entrepreneurs, private companies,MSME, Farmers Producers Organisations (FPOs), and Section 8 (charitable)companies.
Eligible entities can availthe benefi�ts of the scheme toset up new units or expand existing units in areas of dairyprocessing and related valueaddition infrastructure, meatprocessing and related valueaddition infrastructure andanimal feed plants. The benefi�ts available under the fundinclude 3 per cent interestsubvention on loans, two yearmoratorium with sixyear repayment period and ₹�750crore credit guarantee.
India is the largest milkproducer contributing 23 percent of global milk production. Annual milk productionin the country has grown by6.4 per cent (CAGR) in the pastfi�ve years. Further, the country boasts a large domesticpackaged dairy products market of ₹�2.73.0lakh croregrowing in the doubledigits.
Further, lucrative untappedopportunities exist in areassuch as valueadded dairyproducts, organic/ farm freshmilk and exports.
An investmentaccelerator fordairy sector
MUMBAI
BusinessLineTUESDAY • JULY 20 • 2021 9NEWS
OUR BUREAU
New Delhi, July 19
The Opposition attacked theCentre over the recent revelations of hacking cell phones ofpolitical leaders, Army offi�cials,judges, bureaucrats and journalists and alleged that the BJP is trying to enforce “surveillance raj”.The ruling party refuted all theallegations. It said the timing ofsuch reports in media is aimedat disturbing the Monsoon Session of Parliament and alsodoubted “antiIndia” campaignbehind the move.
The Opposition’s claim follows reports by an independentnews website that an unidentifi�ed agency has used spyware Pegasus, allegedly sold togovernments by NSO group, anIsraeli company, to spy on journalists, offi�cials, ministers andpoliticians.
The Congress charged that
“the revelations are shockingand sensational and refl�ecttreasonous and inexcusable dismantling of national security bythe BJP Government.” The partydemanded the resignation ofUnion Home Minister Amit Shahover the reports. Rule of law, fundamental right to privacy andConstitutional duties have beenmurdered in broad day light bythe Modi Government, accusedCongress leaders MallikarjunKharge, Adhir Ranjan Chowdhury and Randeep Singh Surjewala at a press conference hereon Monday.
BJP dismisses allegationsFormer Union Minister andsenior BJP leader Ravi ShankarPrasad refuted all the allegationsand said Union IT Minister hasconfi�rmed that for lawful interceptions of a phone can only bemade as per relevant rules under
provisions of Section 5 of IndianTelegraph Act along with the permission of Home Secretary ofthe Centre or of the State. Thosewho have broken the storythemselves did not claim that apresence of a particular numberin the database does not confi�rmthat it is infected with Pegasus. Itis important to reveal all thesefacts in front of the nation,” hesaid addressing reporters at the
BJP headquarters. He added thatthere is a preplanned strategybehind bringing the reportsahead of the session.
The Congress leaders allegedthat the Modi Government is thedeployer and executor of this illegal and unconstitutionalsnooping and spying racketthrough Israeli surveillance software ‘Pegasus’.
“Is spying on India’s security
forces, Judiciary, Cabinet Ministers, Opposition leaders, journalists and other activists through aforeign entity’s spyware not‘treason’ and inexcusable breachof national security?,” asked Surjewala. “Why was Modi Government spying on its citizens andpolitical leaders before and inthe runup to 2019 General Elections to Parliament of India asalso thereafter?,” he added.
Come clean: CPI(M)The CPI(M) said the investigations reveal that the smartphones of a large number ofjournalists and human rightsactivists have been targeted forhacking for surveillance. “Withthese revelations, it is clear thatthis government has engagedNSO for such surveillanceagainst its own citizens. TheCentral government must comeclean on what is its engagementwith NSO, what are the termsand how much our public fundshave been paid for this,” a statement from the CPI(M) added.
BJP refutes charge that the govt used
Pegasus to snoop on Opposition, others
Indian Youth Congress activists protest against the alleged hacking
of cell phones of politial leaders, journalists and judges, among
others, in New Delhi on Monday SHIV KUMAR PUSHPAKAR
‘BJP enforcing surveillance raj’
OUR BUREAU
New Delhi, July 19
On the fi�rst day of the Monsoon Session proceedings inthe Rajya Sabha were disrupted as the Opposition insistedon discussion on price rise andfarmers’ protests. The UpperHouse adjourned for the day ataround 3 pm after repeatedadjournments.
Chairman Venkaiah Naidusaid there are 17 diff�erent issues on which he received notices and not all issues could bediscussed on a single day. Hesaid all issues are importantand can be discussed in duecourse.
As the Opposition memberscontinued to protest, Naidu
said discussion under rule 267will be taken up only if there isorder in the House and adjourned the House till 2 pm.Later, when House assembled,Deputy Chairman Harivanshallowed a discussion on Marine Aids to Navigation Bill.However, the discussion couldnot be continued amid ruckus.The House was adjourned till 3pm and again as there was noconsensus, and Harivansh adjourned the House for the day.
Earlier, while introducingthe new ministers in RajyaSabha Prime Minister Narendra Modi said the Opposition
is irked about the number ofwomen, Dalits and adivasis inthe new list of council ofministers.
Leader of Rajya Sabha PiyushGoyal condemned the Opposition for interrupting the proceedings even as the PrimeMinister introduced the newministers and said such a behaviour was unseen in thepast.
The Congress, however,countered this. Lok Sabha MPand Congress leader Manickam Tagore reminded theBJP that in 2013, the BJP did notallow the then Prime Minister
Manmohan Singh to introduce the council of ministersbefore Parliament. “The BJP
never allowed Singh to introduce new members in hiscouncil in 2013,” Tagore said.
RS stalled as Opposition seeks debate on price rise, farm laws House adjourned
after proceedings
were repeatedly
disrupted
BLOOMBERG
July 19
India’s plan to sell a majoritystake in the country’s secondbiggest State refi�ner hasslowed down amid theCovid19 pandemic and othergovernment initiatives such asthe initial public off�ering ofthe nation’s biggest insurer,according to people familiarwith the matter.
The discussions with investors on the stake sale ofBharat Petroleum Corporation, from which the government could fetch about $6.9billion, haven’t progressedmuch recently, the people said.The disposal may only takeplace as soon as early next yearrather than in 2020, one of thepeople said, asking not to beidentifi�ed as the matter isprivate.
India has already allowedbidders access to the fi�nancialdata of the refi�ner in April andsome have held meetings withBPCL management, Bloomberg
News reported in May. The government’s 53 per cent stake inthe refi�ner is valued at about₹�515 billion ($6.9 billion)based on Friday’s closing price.
While discussions haveslowed down, the divestmentplan isn’t formally stalled andsuitors are still working on potential bids, the people said. Arepresentative for the FinanceMinistry didn’t immediatelyrespond to requests for comment, while a representativefor BPCL declined to comment.
While the BPCL privatisationis part of the Government’s ef
forts to raise capital to makeup the fall in tax revenues asthe pandemic hit the economy, the administrationcould well have other priorities including Life InsuranceCorporation of India’s IPO,which could be the country’slargestever.
The government last weekasked banks to pitch for rolesmanaging LIC’s share sale,adding its size could be “far larger than any precedent” in Indian markets. The listing of theStateowned insurer couldhappen as soon as March 2022,Bloomberg News reported inJune.
Coronavirus second wavehit in April, slamming businesses and jobs with ensuinglockdowns just as the economy began to recover fromthe initial onset of the pandemic last year. India recordeda total of 413,609 deaths, according to the latest data collected by Bloomberg News andJohns Hopkins University.
Pandemic blues, LIC’s IPO slow down $7-b BPCL stake sale
PRESS TRUST OF INDIA
New Delhi, July 19
The Delhi High Court onMonday restrained unauthorised broadcast of the upcoming Tokyo Olympics by severalrogue websites, multisystemoperators and local cableoperators.
The Court directed internetservice providers (ISPs) to blockaccess to websites illegallybroadcasting the games andalso asked the Central government to instruct various ISPs toblock access to the roguewebsites.
The exparte interim order,which will remain in force tillthe next date of hearing onSeptember 29, was passed byJustice C Hari Shankar on a pleamoved by Sony Pictures Networks India which is the exclus
ive broadcaster of the TokyoOlympics. Sony Pictures ownsand operates the Sony Ten Network of channels which includes Sony Ten 1, Sony Ten 1 Hd,Sony Ten 2, Sony Ten 3, Sony Ten2 Hd, Sony Ten 3 Hd, Sony Espn,Sony Espn Hd, Sony Six andSony Six Hd.
Exclusive licenceAdvocate Abhishek Malhotra,representing Sony Pictures,told the Court that his clientwas the “right holder broadcaster” as it had acquired an exclusive licence for exploitationand media rights over theTokyo Olympics.
In its agreement with the In
ternational Olympics Association, Sony Pictures had the exclusive right to broadcast thegames over any media platform, he submitted.
‘Habitual defaulters’He highlighted that there wereover 40 websites and over 30multisystem operators andlocal cable operatorsillegallybroadcasted pirated content inviolation of the copyright actand argued that the new ITRules of 2021 required an ISP toprotect a party's proprietaryrights.
In the plea, Sony Pictures hasstated that these websites andcable TV operators were habitual defaulters as they have inthe past infringed its exclusiverights for the broadcast of certain cricket matches.
After hearing Malhotra, thecourt issued summons in theplea and sought response fromthe defendants within fourweeks.
Asks Govt to tellISPs to block rogue websites
Delhi HC restrains unauthorisedbroadcast of Tokyo Olympics
................BM-BMECMYK
MUMBAI
10 BusinessLine TUESDAY • JULY 20 • 2021NEWS
LEGAL CORRESPONDENT
New Delhi, July 19
The Supreme Court, onMonday, reserved orders onpleas made by major telecoms such as VodaIdea andAirtel for a chance to placetheir grievances about arithmetical errors in AdjustedGross Revenue (AGR) duesbefore the Department ofTelecom (DoT).
A Special Bench of JusticesL Nageswara Rao, S AbdulNazeer and MR Shah, meanwhile, gave a fortnight to Solicitor General Tushar Mehta, for the government, tocheck the compliance reports fi�led by the telecomcompanies on the paymentof their fi�rst 10 per cent instalment towards their AGRdues.
In a September 2020 judgment, the apex court had
said that the annual 10 percent instalments will commence from April 1, 2021, upto March 31, 2031.
Have paid moreAirtel, VodaIdea and Tatawere among some of thecompanies who assured thecourt on Monday that theyhave paid more than theirexpected instalment.
However, at the beginningof the hearing, senior advocate Mukul Rohatgi, for VodaIdea, complained about thearithmetical errors in thecalculation of AGR dues.
“If I have paid ₹�1, only 50paisa is refl�ected... In oneentry, the actual paymentmade is ₹�155 crore, paymentshown in DoT is ₹�153 crore,”Rohatgi submitted.
However, the Bench reminded the telecoms about
the express bar imposed bythe Supreme Court on thereassessment of AGR dues.
“The Supreme Court hassaid not just once, but twiceand thrice that the amountscannot be recomputed,” theBench addressed Rohatgi.
“The fi�gure is not cast instone. The court has powerto correct arithmetical errors. My dues are ₹�58,000crore. We are about to gounder. Our debts are ₹�1.8lakh crore. Let us place our
calculations before DoT, letthem take a call,” Rohatgiurged.
Senior advocate AMSinghvi, for Airtel, echoedRohatgi’s submission for achance to place the calculations before the DoT.
“We are only asking forthese issues to be considered by DoT. We don’twant to pay thousands ofcrores on account of theseerrors,” Singhvi submitted.
Senior advocate Arvind
Datar, for Tata, said theywere not seeking a recomputation of their dues, butonly an opportunity withDoT to rectify certain mistakes in calculation.
“The judgments prohibitsonly reassessment...We cannot have a second or thirdbite at the cherry, but likeany tax or fee, AGR has to bein accordance with law,” hesubmitted.
A 20-year formula In September last year, thecourt had allowed telecomcompanies 10 years’ time topay their Adjusted GrossRevenue (AGR) dues to the
government. The government had initially proposeda 20year formula for telcoms to make staggeredpayments of the dues. Thedues had run to ₹�1.43lakhcrore at that time.
An earlier October 24,2019, judgment of the courtin the AGR case had originally wanted the telcoms tomake their repayments inthree months.
The court, in its September 2020 judgment, hadalso referred to the NationalCompany Law Tribunal(NCLT) a series of questionson whether “deferred/default payment instalmentsof spectrum acquisition costcan be termed to be operational dues besides AGRdues”.
The court had wanted thetribunal to decide whether ascarce natural resource likespectrum could be usedwithout payment of requisite dues.
SC reserves order on Airtel, Voda-Idea pleaTelecom majors say that they have paid
more than their expected instalment
‘ERRORS’ IN AGR DUES
WXIn a September 2020
judgment, the apex
court had ordered that
the annual 10%
instalments commence
from April 1, 2021,
up to March 31, 2031
We don’t want to pay thousands of crores on account of these
errors, said an advocate representing one of the companies
OUR BUREAU
New Delhi, July 19
Data on CoWIN portal are safeand secure, said RS Sharma,Chief Executive Offi�cer of National Health Authority (NHA),who is also the incharge of theportal.
“Whatever data we collect isvery minimal like name, gender,mobile number…We don’t askabout marital status, address orabout the pregnancy. No, suchinformation is personally sensitive. So, whatever data we haveare not secret data, but still wemake sure that all the data whichwe have are encrypted and secure and safe,” said Sharma.
Download not possibleHe further added that the dataon the CoWIN cannot be downloaded. Download is possiblewhen someone is downloadingthe vaccine certifi�cate and inthat situation one needs to submit the OTP number. So, it ishighly unlikely that the data willbe leaked. Interestingly, thestatement comes at a time when
there are alleged reports ofmassive data leak across manycountries by Israeli surveillancecompany NSO Group through itshacking spyware, Pegasus.
However, when BusinessLineapproached Health Ministrysources for clarifi�cation, theydenied it outrightly and saidthat the clarifi�cation has nothing to do with this or any othernews.
Sometime back in June alsothe Health Ministry had clearedthe air about CoWIN data leak.There were rumours that thedata of 15 crore Indians havebeen put on sale after news circulated that a hacker group, ‘DarkLeak Market’, claimed through atweet that it is reselling the datafor $800, but it was not the original leaker.
Data on CoWIN portal safeand secure, says NHA chief
AJ VINAYAK
Mangaluru, July 19
India, which began theCovid vaccination drive onJanuary 16, has administeredmore than 40 crore doses toits citizens.
A look at the vaccinationdetails throws up some interesting facts. More womenhave taken Covid vaccinesthan men in four States andone Union Territory (UT) inthe country.
Age groupA southern State has vaccinated more people in the agegroup of above 60 yearswhen compared to those inthe age group of 1845 years.Some States in northeastand a few UTs are only administering Covishield to
the public. According to datasourced from CoWIN dashboard, 53.4 per cent of menand 46.5 per cent of womenhad taken at least one doseof vaccine by Monday.
However, women in Statessuch as Andhra Pradesh, Chhattisgarh, Himachal Pradesh and Kerala and the UTof Puducherry overtook menin getting vaccinated.
In fact, women were in thelead in getting vaccinated inall the districts of AndhraPradesh.
Of the total 1.87 crore vaccinations in Andhra Pradesh,54.6 per cent of women and45.3 per cent of men hadalready taken at least onedose of vaccine by Monday.
Kerala came next with 52per cent of women and 48
per cent of men getting vaccinated.
A close contestIt was a close contestbetween women (50.14 percent) and men (49.9 percent) in Chhattisgarh.
However, the situationwas entirely diff�erent in theUT of Dadra and NagarHaveli, where 70.22 per centof men and 29.78 per cent ofwomen had taken the vac
cines. Of the total vaccinations in the country tillMonday afternoon, 39.77 percent people in the age groupof 1844 years had got at leastone dose of vaccine, followed by 34.28 per cent inthe age group of 45 to 60years.
According to the dataavailable, 25.97 per cent ofsenior citizens above 60years had taken at least onedose of vaccine.
Interestingly, Kerala didnot follow this trend. Of the1.68 crore doses of vaccineadministered in the State tillMonday, 41.14 per cent ofpeople were in the age groupof above 60 years and 34.95per cent in the age group of4560 years.
Only 23.93 per cent ofthese doses were administered to the youths in theage group of 1844 years.
Of the 9.17 lakh doses ad
ministered in Pathanamthitta district tillMonday, nearly half (49.03per cent) was given to thoseabove 60 years.
Covishield or Covaxin? Neither Covaxin nor SputnikV was administered in thenortheastern States such asArunachal Pradesh, Manipur, Meghalaya, Mizoramand Sikkim, and the UTs ofAndaman and Nicobar Islands, Daman and Diu,Ladakh and Lakshadweep.The people there got onlyCovishield vaccines.
A few doses of Sputnik Vwere administered in Nagaland till Monday. However,there was no data on thedashboard of Covaxin beingadministered in Nagaland.
Interestingly, HimachalPradesh has given moredoses of Sputnik than that ofCovaxin to its people.
Women in AP, Chhattisgarh, HP, Kerala
and Puducherry take the lead
In 4 States and 1 UT, more women get vaccinated than men
OUR BUREAU
New Delhi, June 19
Delta variant, also known asB.1.617.2, responsible largely forthe second wave of the pandemic, is 4060 per cent moretransmissible than its predecessor, the Alpha variant, and hasalready spread to more than 80countries, including the UK, theUS and Singapore, said NK Arora,cochair, Indian SARSCoV2 Genomics Consortium (INSACOG),on Monday.
It accounted for 80 per cent ofthe cases during the secondwave, he said in a statement is
sued by the Health Ministry.Delta variant, fi�rst identifi�ed inOctober 2020 in India, has mutations on its spike protein, whichhelp it bind more fi�rmly to theACE2 receptors present on thesurface of the cells, making itmore transmissible and capableof evading the body’s immunity,said Arora.
“On invading a human cell, itreplicates faster. It leads to astrong infl�ammatory responsein organs like the lungs. However, it is diffi�cult to say that disease due to Delta variant is moresevere. The age profi�le and deaths
during the second wave in Indiawere quite similar to that seenduring fi�rst wave,” Arora added.
Delta Plus variantMeanwhile, the Delta Plus variant(AY.1 and AY2), which is a mutation of the Delta variant, has beendetected in 5560 cases across 11States, including Maharashtra,
Tamil Nadu, and Madhya Pradesh, said Arora. He further saidthat AY.1 is also found in countriessuch as Nepal, Portugal, Switzerland, Poland and Japan, but AY.2is less prevalent. The variant isstill being studied for its transmissibility, virulence, and vaccines escape characteristics.
Arora also stated that the current vaccines are eff�ective againstthe Delta variant, as per the studies undertaken by the IndianCouncil of Medical Research(ICMR).
According to Arora, a recentspurt in Covid cases, especially inthe northeastern region andmany districts in the southern region, may be due to the Delta variant. “A virus begins infecting a
part of the population, which ismost susceptible and also exposed to the infection. It diminishes after it successfully infects alarge proportion of the population and strikes back when theimmunity developed in thepeople postnatural infectionfades. The cases may go up if anew, more infectious variantcome,” Arora further added.
Third waveOn the third wave, Arora said future waves can be controlled anddelayed if more and more peopleget vaccinated and, most importantly, by following Covidappropriate behaviour eff�ectively, especially till a substantial part of thepopulation gets vaccinated.
‘Delta variant up to 60 % more transmissible than Alpha’ The variant may have caused the recent
spurt in Covid-19 cases, says NK Arora
NK Arora, co-chair, INSACOG
PRESS TRUST OF INDIA
Bengaluru, July 19
Mynvax, a vaccine technologystartup incubated by the Society for Innovation and Development (SID) at the IndianInstitute of Science, onMonday, announced that ithas signed defi�nitive agreements to raise $4.2 million(₹�31 crore) in its Series Around of fi�nancing led byAccel.
The company said in a statement it is developing novel recombinant vaccines againstCovid19 and human infl�u
enza, and will use the proceeds to further their clinicaldevelopment.
Lets Venture and a fewearlystage angel investorsalso participated in thisround, which received thebacking of its preSeries A investors such as 1Crowd andKotak Investment Advisors, itwas stated.
Mahendran Balachandran,partner, Accel, said: “Accel is
excited to lead the investmentin Mynvax. We strongly believe that their platform hasthe potential to make a hugepositive change in the globalvaccine landscape for majorrespiratory illnesses.”
Gautham Nadig, Cofounder and Executive Director of Mynvax, said that inaddition to expeditiously advancing its existing vaccinecandidates, both in India andoverseas, the company willalso invest in developing newvaccine modalities.
He also mentioned thatMynvax will begin to buildpartnerships with large vaccine manufacturers to hastenthe deployment of muchneeded vaccines.
IISc-incubated start-up Mynvax raises $4.2 m To develop vaccines
against Covid and
human influenza
PRESS TRUST OF INDIA
New Delhi, July 19
The Supreme Court, onMonday, asked the Kerala government to fi�le its responseduring the day on an application against the threeday relaxation in Covid19 restrictions in the State in view ofthe upcoming Bakrid festival.
Kerala Chief Minister Pinarayi Vijayan announced theconcessions at a press conference on July 17 and said that inview of Bakrid being celebrated on July 21, textiles, footwear shops, jewellery, fancystores, shops selling home appliances and electronic items,all types of repair shops andshops selling essential itemsshall be allowed to openbetween July 18 and 20 from 7am to 8 pm in category A, Band C areas.
In D category areas, theseshops can function only onJuly 19, he said. The areas havebeen categorised based ontest positivity rate.
Kanwar YatraThe matter came up for hearing in the apex court before aBench of Justices RF Narimanand BR Gavai, which also tooknote of the affi�davit fi�led byUttar Pradesh government,
which said that Kanwar Yatrawill not be allowed this year inthe State due to the pandemic.
After the counsel appearingfor Kerala said he would fi�lereply to the application, theBench asked him to do so during the day and said it wouldtake up the matter for hearingas fi�rst item on Tuesday.
Our Bureau addsCovid19 test positivity rate(TPR) has inched beyond the‘comfort zone’ around 10 percent and tested the 11 per centmark on Monday on a comparatively smaller base ofonly 89,654 samples tested.The actual TPR printed in at11.08 per cent, with 9,931 newcases being reported on theday.
The number of recoverieswere at 13,206 and activecases, 1,21,708, said an offi�cialspokesman of the StateHealth Department.
Meanwhile, Health Minister Veena George announcedthat the State has reportedtwo more Zika virus cases onMonday, both fromThiruvananthapuram, theepicenter of the outbreak.Both are women patients, andone is a 31yearold doctorresiding within city limits.
SC asks Kerala to respond toplea against 3-day relaxation
COVID RESTRICTIONS
PT JYOTHI DATTA
Mumbai, July 19
‘Freedom Day’, as the Britsterm the complete unlockingof their Covid19 restrictions,is being closely watched bygovernments and peopleacross the world.
But the UK model is notsomething India should emulate, say experts, given thevaccination coverage andpopulation density, amongother things.
The UK has over 52 per centof its people fully vaccinatedand cases are rising becauseof the Delta variant, pointsout Dr Shashank Joshi, who ispart of Maharashtra’sCovid19 task force.
“It is no model for India toemulate,” he told Business-
Line, adding that the deathswill begin to refl�ect only inabout two to three weeks. “India needs to go ahead withdouble masking and increasing its pace of vaccination,”he added.
The UK’s vaccine coverage,including those who have received a single dose, is over 68per cent (with about 15 plusper cent partially vaccinated),
according to ‘Our World inData’. In comparison, India’scoverage hovers at six percent, fully vaccinated, and atotal of 23 per cent (includingover 17 per cent partiallycovered.)
After a peak in the numberof cases there is a lull, observes Dr Rajeev Jayadevan,former President with the Indian Medical Association (Kochi), adding that the openingup involves a “reasonablejudgement” by the UK government that needs to betaken in good faith.
Plan B?The UK government would
have a ‘Plan B’ in place, hesaid, in case of a surge incases. Besides, countries havebeen through this once andhave an idea of how bad it canindeed get, and so are betterprepared, he points out.
‘No comparison’“But you cannot begin tocompare the two countries,”he said, because of the vaccination coverage and density ofpopulation.
The UK, with half its population vaccinated, will hit the“glass ceiling”, he said, as itwould be diffi�cult to convincesome people to take the vaccine.
But with over 70 per centcovered, they are in a positionto make that call on unlock,he said, adding that theyneed to make a distinctionabout gatherings indoorsand outdoors, the latter being safer.
‘Too many variables’On the unlock strategy thatother countries, including India need to pursue, he said, itneeds to be customised.“Countries cannot be compared or put in a box, thereare too many variables, sometimes even within countries,”he added.
‘Cannot compare the two countries
because of the vaccination coverage’
UK’s ‘Freedom Day’ unlock strategynot for India to follow, warn experts
As UK unlocks, commuters at
King’s Cross railway station, in
London, on Monday BLOOMBERG
................BM-BMECMYK
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
LMW 7716.05 7830.70 7716.05 8050.05 7639.65 37.44 8040.00 2779.30 156 7806.95LT Ovrseas [1] 80.20 79.35 79.40 80.70 78.75 1012.08 90.40 40.70 24 79.25Lumax tech [2] 171.00 179.55 169.50 181.00 169.00 1128.78 181.00 88.05 29 179.35Lumx Ind 1500.95 1502.45 1500.95 1514.00 1491.00 4.23 1820.00 1170.75 82 1502.45Lupin [2] 1179.75 1186.65 1176.90 1191.55 1170.00 804.49 1267.50 828.65 43 1185.45Lux Indust. [2] 3681.70 3670.45 3650.00 3770.00 3643.45 43.55 3868.25 1112.00 40 3682.20Lypsa Gem 5.70 5.65 5.90 5.90 5.50 23.45 7.05 2.39 - 5.60
M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .M&M [5] 779.80 775.80 775.80 780.70 770.00 1265.91 952.15 565.90 116 775.10M&M Fin [2] 162.00 156.85 160.00 161.20 156.30 4843.71 224.15 112.80 58 156.80Maan Alum 398.95 401.35 397.60 410.00 390.00 68.75 410.90 50.00 18 401.90MacpowerCNC 153.80 155.55 156.70 159.20 153.05 26.25 172.15 53.10 - - MacrotecDeve 852.60 831.80 824.00 847.70 821.00 555.33 872.50 422.60 - - Madhav 67.50 65.75 66.00 67.90 65.00 47.28 75.90 20.20 14 65.65MadhavCopper 61.50 64.10 61.85 64.90 59.10 514.78 116.00 54.30 - - Madhucon [1] 6.50 6.80 6.65 6.80 6.45 188.72 7.82 2.20 - 6.83MadyaBharat 124.15 124.15 129.90 129.90 122.00 2.97 135.00 76.05 - - MagadhSug&En 327.00 343.00 324.00 343.35 319.90 98.32 386.35 93.50 18 340.05Mah.Cie.Auto 250.50 246.95 250.80 259.00 243.40 897.07 258.75 101.00 - 245.20Mah.Holi 324.60 313.60 319.00 320.30 306.60 499.81 340.00 151.75 33 313.25Mah.Life 692.10 680.40 689.80 703.00 673.00 228.20 718.00 194.00 - 679.70Mah.Scoot 3809.25 3789.70 3791.00 3850.00 3779.00 3.43 4043.40 2752.75 495 3790.45Mah.Seam [5] 318.55 311.00 313.00 319.80 310.00 114.94 349.95 194.00 7 311.50MahangrGas 1152.75 1148.75 1154.00 1158.70 1138.05 373.23 1284.45 780.00 18 1148.00MahaSteelInd 89.45 88.55 89.45 89.80 88.50 15.36 130.50 68.70 - 88.45MaheswariLog 105.90 110.75 110.10 113.45 106.25 89.73 224.90 73.30 - - MahindEPCIrr 167.75 165.65 167.70 168.80 165.25 145.01 194.50 125.25 - - MahindraLog 581.85 580.05 579.90 584.10 573.00 39.02 613.95 272.30 154 579.90Maithan 1038.90 1021.00 1034.80 1038.20 1014.15 77.84 1136.65 422.35 13 1019.50Majesco [5] 91.85 90.40 90.85 92.60 90.00 182.98 1019.00 12.20 10 90.35Malu Paper 36.30 35.85 36.10 36.35 35.35 58.54 42.05 22.10 - 36.15Man Ind [5] 117.75 122.15 116.20 123.65 115.60 1111.66 123.40 39.28 7 121.90Man Infr [2] 60.45 62.35 59.25 62.65 58.50 2350.25 65.25 17.10 17 62.25Manaksia [2] 70.75 69.30 71.00 71.20 69.10 87.77 78.70 31.40 - 69.50ManakSteel [1] 34.25 35.10 35.95 35.95 32.70 1903.71 36.05 8.80 12 35.15Manap.Fin [2] 186.95 186.20 186.00 188.15 184.55 2226.00 190.75 139.00 9 186.15ManCoatMe [1] 14.15 14.20 14.50 14.50 14.10 59.69 18.30 3.61 - 14.15Mang.Cem 394.65 417.45 425.00 429.90 411.50 875.91 429.00 169.00 8 417.55Mang.Chem 87.45 86.60 86.00 89.95 85.25 687.88 101.00 27.50 15 86.50Mang.Drug 165.80 165.10 160.00 165.80 160.00 155.38 178.05 60.50 9 164.95MangalamGlob 56.35 57.05 56.05 57.60 55.10 34.80 66.50 35.20 - - Maral Over 58.35 64.15 58.55 64.15 58.35 164.50 64.00 10.77 21 64.00MarathNxtg [5] 88.15 92.45 85.60 92.55 84.00 614.52 109.60 42.25 15 91.55Marico Ltd [1] 524.70 526.00 521.95 531.00 521.05 1531.01 549.50 333.30 59 525.60MarineElecIn 56.80 56.45 56.65 57.70 55.80 1688.85 266.00 48.50 - - Marksans [1] 88.10 88.45 87.95 90.90 87.50 3691.11 97.50 34.10 37 88.45Maruti [5] 7303.55 7165.55 7251.70 7297.00 7151.10 386.60 8400.00 5815.00 51 7165.95MASFinServ 878.85 868.90 884.95 893.40 862.00 21.95 1107.65 609.95 33 871.35Mastek [5] 2483.50 2491.25 2470.00 2536.85 2450.05 337.06 2536.10 413.25 319 2492.80Matrim.Com [5] 1109.00 1094.85 1125.00 1125.00 1090.00 14.86 1242.00 382.00 61 1093.10MaxFinancia [2] 1064.50 1065.00 1064.50 1071.25 1047.10 365.56 1097.00 515.00 370 1062.40MaxHealthCre 268.80 267.00 267.20 271.85 266.25 324.19 289.70 97.15 - - MaxIndia 73.20 72.20 72.90 72.90 71.75 242.30 77.35 52.35 - - MaxVent&Ind 79.40 80.85 79.00 82.50 78.30 504.31 83.85 31.75 - 80.70Mayur Uniq [5] 491.40 502.15 495.00 509.00 493.50 86.42 545.95 209.45 25 501.40MazagonDock 260.30 257.95 258.00 263.00 256.00 613.86 296.00 164.00 - - Mazda Ltd 616.45 604.55 621.00 621.10 601.10 6.77 753.70 298.05 15 607.00MBL Infra 23.85 24.00 23.70 24.50 23.50 136.00 29.90 5.76 3 23.95MCX 1717.50 1777.70 1692.00 1847.90 1681.25 2764.67 1875.00 1305.25 48 1778.35MenonBear [1] 80.05 81.50 79.70 83.00 78.50 170.79 85.10 33.00 24 81.50MEP Infra 26.50 26.05 25.95 27.00 25.80 237.71 28.45 12.16 - 26.05Metrpolhelt [2] 2833.95 2803.35 2833.95 2882.15 2770.05 114.29 3142.10 1421.35 73 2812.05MFL 32.55 32.10 32.10 32.50 32.05 118.53 24.70 12.15 - - Minda Corp [2] 143.10 138.80 141.00 143.80 137.15 579.37 148.00 64.90 40 138.65Minda Ind [2] 719.90 723.95 714.00 742.00 705.65 459.42 741.70 274.71 156 723.80MindTec(Ind) 91.60 96.15 93.00 96.15 90.00 77.39 96.20 22.20 29 96.20MindTree 2736.20 2729.65 2734.40 2793.55 2714.35 1038.48 2792.00 998.85 36 2731.90Mirc Ele [1] 21.80 22.55 21.55 22.85 21.50 1076.06 25.60 5.86 - 22.55Mirza [2] 56.65 56.45 55.90 57.60 55.55 1120.87 64.00 42.95 - 56.40MishDhatuNig 199.40 198.35 198.10 201.15 198.00 291.78 236.00 172.90 22 198.35MittalLifSty 12.20 11.85 12.75 12.75 11.60 221.69 63.80 8.25 - - MM Forg 752.45 744.05 752.00 760.00 736.90 8.64 787.00 183.30 38 742.70MMPIndustris 139.55 137.55 139.55 141.95 136.00 61.28 148.00 65.10 - - MMTC [1] 52.05 51.35 51.65 52.60 51.15 2274.60 63.95 15.75 - 51.40ModisonMetal 87.85 88.95 87.65 89.85 87.10 257.98 95.75 52.05 - - MohotaInd 9.70 9.75 9.50 10.00 9.50 61.64 14.60 5.95 - 9.85MOIL 188.95 185.70 188.75 189.45 184.35 410.47 208.00 119.00 21 185.70MokshOrnamnt 26.10 26.55 26.40 26.75 25.80 2240.67 123.85 24.00 - - Mold-TekPa [5] 520.25 521.55 529.70 529.70 516.45 36.84 571.00 194.69 30 521.70Mold-TekTe [2] 99.55 99.15 98.60 100.75 96.90 152.59 107.95 31.60 28 99.15Monte Carlo 368.40 362.95 368.40 368.40 355.20 47.31 378.00 154.00 11 362.85Morarj.Tex [7] 20.40 19.45 19.70 20.70 19.40 75.80 23.45 7.86 - 19.85Morepan [2] 66.80 67.35 66.25 69.40 65.50 3143.00 75.00 19.30 40 67.45Most.Fin [1] 1125.10 1098.70 1110.00 1188.00 1067.65 3208.78 1188.00 538.50 20 1098.10Mot.Gen.Fin [5] 22.90 23.15 23.00 24.00 22.15 27.43 26.35 13.92 - 23.10MothersSu [1] 244.15 244.65 241.50 246.00 240.75 4433.52 273.00 91.40 144 244.75MphasiS 2390.20 2342.80 2390.20 2407.25 2330.95 503.78 2422.05 975.00 40 2341.55MPS 635.05 626.70 635.00 650.35 618.05 20.56 684.00 277.00 19 627.10MRF 82449.85 82236.30 81800.00 82964.95 81625.00 7.69 98575.90 55360.35 28 82222.40Mro-Tek [5] 32.95 33.30 34.15 34.15 32.05 6.90 40.70 18.75 - 32.55MRPL 47.75 47.50 47.70 48.15 47.00 1894.50 56.60 25.00 - 47.50MrsBectrFood 438.80 452.80 435.00 457.90 430.10 1643.36 624.00 328.40 - - MSTC 312.70 306.45 306.20 311.95 304.15 329.74 400.00 137.50 - - MTARTech 1477.65 1527.10 1459.00 1543.90 1445.15 724.95 1563.95 860.00 - - MTNL 22.00 21.40 21.60 21.85 21.35 2129.68 24.40 7.79 - 21.40Mukta Ar [5] 37.25 37.30 37.90 38.30 36.80 15.68 40.30 22.05 11 37.45Munj.Auto [2] 68.10 67.60 67.45 69.00 67.10 536.09 72.80 46.10 32 67.70Munj.Showa [2] 150.15 150.25 149.80 152.00 148.55 59.87 176.45 101.00 23 149.80Murd.Cera 31.10 30.40 30.50 31.70 30.30 155.81 33.45 13.85 - 30.40MusicBrdcast 25.55 25.50 25.55 25.75 25.25 555.56 29.60 14.60 - - Muthoot Cap 412.30 408.20 410.00 418.95 405.00 27.99 511.75 336.30 13 408.25MuthootFinan 1569.20 1541.85 1559.00 1574.80 1533.00 411.56 1585.00 1000.00 17 1541.90
N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NACLInd [1] 79.15 77.75 78.50 79.20 77.00 89.68 89.15 33.30 31 77.90NagaDhunseri 1685.25 1666.75 1647.00 1706.70 1647.00 0.83 2175.00 476.15 - - Nagrk.Cap [5] 7.00 7.15 7.00 7.15 7.00 0.94 8.48 4.61 - 7.50Nagrk.Exp [5] 33.55 34.45 32.00 35.20 32.00 49.96 35.05 10.70 - 34.40Nah.Cap [5] 222.10 251.65 225.90 262.00 218.05 244.43 262.00 53.10 14 252.35Nah.Ind 108.20 112.85 110.00 113.60 110.00 197.63 113.40 22.75 - 113.25Nah.Poly [5] 205.85 212.00 203.35 214.70 201.60 199.78 219.50 55.65 10 212.35NALCO [5] 88.30 88.95 87.40 91.00 87.0099178.57 91.00 29.15 13 88.95Nalwa Son 1781.20 1776.10 1811.00 1811.00 1752.05 0.32 2026.00 622.00 28 1751.30NarayaHru 504.30 491.00 504.00 504.00 490.00 209.52 566.00 272.70 - 490.95Natco Phr [2] 1108.05 1089.30 1095.00 1102.75 1084.50 331.30 1188.95 665.05 64 1089.60Nath Bio-Gen 376.55 375.70 374.00 379.20 372.55 34.12 474.70 246.65 13 375.30Natl Build [1] 52.90 52.40 52.50 53.10 51.90 5669.51 59.80 22.25 47 52.35Natl Fert 62.80 61.80 62.20 62.80 61.50 998.37 73.75 29.85 12 61.90Nava.B.Ve [2] 115.45 119.40 114.95 121.45 114.15 1208.70 128.35 46.00 12 119.30Navin Flu [2] 3889.35 3885.25 3880.00 3930.00 3826.50 112.51 4000.00 1675.95 77 3883.05Navkar Corp 51.85 53.80 51.95 54.75 51.70 3652.65 54.70 24.00 51 53.75Navneet Ed [2] 97.80 97.50 97.80 98.20 97.15 162.23 107.35 72.30 36 97.55NazaraTech 1922.55 1921.00 1901.00 1973.00 1898.95 398.66 2024.90 1432.00 - - NBI.IndFinCo 2263.95 2267.25 2245.00 2280.00 2115.15 0.70 3200.00 1326.00 - - NCC [2] 94.30 92.10 92.85 93.90 91.00 3792.36 100.00 27.60 22 92.15NCL Ind 247.70 259.50 247.55 262.45 245.00 734.57 262.35 70.00 8 259.60NDRAutoCompo 369.05 370.55 363.00 374.80 360.00 34.15 395.50 120.00 - - NDTV [4] 75.20 75.45 76.55 76.55 73.30 65.28 85.85 27.20 13 75.80NECaryCorp 14.90 15.15 14.70 15.45 14.70 101.06 18.67 6.65 - 15.10Nect.Life [1] 40.75 39.85 39.90 40.95 39.65 721.98 48.40 16.20 - 39.85Nelcast [2] 87.85 89.10 88.00 91.35 87.50 879.19 91.05 47.00 86 89.40Nelco 379.65 378.85 379.80 391.00 374.35 170.98 411.00 174.00 120 378.00NeogenChem 890.30 894.20 892.00 914.00 882.50 57.79 1028.00 512.00 - - Nesco [2] 634.30 637.65 630.00 648.95 624.95 79.25 697.00 420.05 26 637.75NestleIndia 17654.20 17752.45 17550.00 17845.00 17550.00 51.40 18821.45 15104.25 7917749.20Netwk 18 [5] 51.45 51.45 51.15 52.15 50.90 1071.03 58.40 31.10 - 51.45Next Media 5.90 5.95 5.75 6.00 5.75 15.11 7.10 3.50 - - NHPC 25.90 26.00 25.80 26.05 25.75 3342.05 27.65 19.65 8 26.00NIIT [2] 291.00 283.95 287.95 293.70 281.35 472.84 319.30 91.65 82 283.80Nila Infras [1] 6.75 6.50 6.65 7.00 6.50 891.39 8.26 3.60 - 6.57Nilkamal 2523.30 2500.80 2500.00 2537.90 2500.00 8.70 2600.00 1171.15 36 2501.50Nippo Bat 1098.95 1063.85 1089.00 1116.45 1050.10 40.49 1186.40 486.00 12 1074.75NipponLIAM 418.60 405.35 414.00 420.90 400.50 3060.90 439.35 249.00 - - NirajCement 49.70 51.25 50.00 51.50 48.40 45.45 54.45 34.80 - - Nitco 27.10 26.80 27.25 27.25 26.70 51.96 33.90 15.75 - 26.70Nitin Spn 180.25 183.55 177.80 189.60 174.50 1260.68 189.90 34.95 15 183.75NitirajEngg 50.95 52.45 52.90 52.90 50.05 2.63 66.00 38.20 - - NLC India 60.05 60.25 60.00 61.15 59.90 2308.66 73.90 45.15 8 60.30NMDC Ltd [1] 178.70 174.85 176.90 179.25 172.5016371.99 213.15 75.60 8 174.80Nocil 266.45 257.10 260.80 263.90 254.60 1297.25 271.20 102.05 50 257.25Noida Toll 6.50 6.35 6.50 6.70 6.20 362.20 8.70 3.12 - 6.31Norben 6.55 6.60 6.60 6.60 6.60 3.50 16.25 3.80 - - NovartisInd 1001.10 988.50 1000.00 1028.00 973.40 46.52 1098.00 624.80 - - NRAgarwalInd 249.15 242.25 248.00 248.00 241.00 24.58 282.85 171.50 - - NRB Bear [2] 142.60 141.50 142.00 143.50 140.60 224.85 154.10 66.20 31 141.50NTPC 119.10 121.40 119.10 121.85 118.5014364.29 122.00 78.10 8 121.35Nucleas Sw 705.15 708.80 696.00 717.00 694.80 134.70 765.35 278.00 20 708.05NURECA 1603.80 1593.65 1600.00 1623.05 1570.60 13.77 1792.00 555.60 - - Nxtdigital 502.25 487.40 500.00 500.00 485.50 8.29 724.80 375.50 - -
O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Oberoi 706.75 711.85 699.00 722.30 695.60 459.03 729.00 331.25 62 712.70OdishaCeme [2] 2251.90 2227.20 2244.60 2282.35 2205.25 172.12 2307.20 651.95 1662 2231.30Oil India 156.65 155.85 155.00 158.80 153.55 1476.53 177.25 83.10 8 155.75Omax Auto 69.75 68.80 69.25 70.10 67.35 70.72 74.00 29.10 - 69.30Omaxe 94.90 91.30 94.30 95.50 90.35 170.87 98.60 56.00 - 91.35OMDC [1] 3238.50 3200.40 3217.00 3262.00 3187.00 10.10 3800.00 1613.85 - 3197.35OmInfraLtd 36.25 36.20 36.00 37.45 35.00 236.81 37.70 15.00 - - Omkar Spl 10.15 10.65 10.65 10.65 10.65 33.83 13.42 3.90 - 10.83ONGC [5] 116.80 114.60 114.80 116.55 114.2014395.88 128.45 64.15 14 114.60OnMobile 145.05 140.60 142.20 145.20 138.50 892.56 154.35 27.95 93 140.30Oracle Fin [5] 4019.40 4072.15 4050.00 4121.00 4006.00 155.65 4235.00 2850.00 21 4067.65Orbit Exp 72.80 72.65 73.00 74.35 72.10 35.02 88.55 51.80 - 72.25Oricon Enter [2] 29.80 28.60 30.00 30.20 28.45 215.49 32.55 15.85 - 28.60Orient Bell 331.95 342.80 330.65 357.75 321.00 91.81 361.00 72.35 77 343.20Orient Cem [1] 145.50 148.95 145.00 151.85 144.50 2038.80 152.60 56.25 14 148.95Orient Grn 3.55 3.40 3.40 3.40 3.40 1779.10 3.75 1.67 - 3.35Orient Htls [1] 37.50 37.15 37.05 37.90 36.80 87.56 43.35 18.60 - 37.35Orient Pap [1] 29.90 29.85 29.50 30.30 29.30 1144.53 33.40 15.65 - 29.85Orient Pres 86.85 83.70 85.65 87.05 83.00 24.82 123.80 63.30 - 83.35Orient Ref [1] 326.25 325.35 324.00 332.00 323.00 76.18 356.80 163.50 38 325.00Orient Tri 11.20 11.45 11.75 11.75 10.60 123.06 13.25 5.00 - 11.33OrientAbr [1] 33.00 33.20 33.20 34.65 32.80 333.85 38.40 15.60 - 33.25OrientalArmt 954.40 957.15 957.00 984.80 945.00 51.13 1019.00 282.75 - - OrientalCar 1111.35 1095.40 1111.35 1130.00 1088.10 25.26 1188.90 719.05 14 1094.60OrientElect 333.35 336.15 333.75 349.50 330.10 3002.27 349.50 172.65 - - OrtinLabs 36.45 36.00 36.00 36.45 35.85 52.15 52.25 21.40 - - Oswal Chem 31.75 30.90 31.75 31.75 30.50 333.10 35.50 9.40 16 31.00OswalAgroMil 18.90 18.35 19.30 19.30 18.00 370.55 19.95 7.87 - 18.13
P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P&GHealth 5622.10 5562.45 5635.00 5678.55 5555.00 7.92 7500.00 4000.05 - - P&S Bk 19.95 19.70 19.95 20.00 19.60 553.19 23.79 10.42 - 19.70Page Ind 33140.90 32894.85 32967.80 33393.60 32815.10 14.84 33480.00 17700.00 108 32902.45PaisaloDigit 661.85 667.65 663.85 692.50 650.50 64.97 877.00 260.45 47 668.25PalredTech 111.15 110.10 110.00 113.00 109.50 23.00 170.90 16.25 - 111.95Pan.Petro [2] 253.80 251.70 252.75 259.50 247.10 138.50 272.40 39.65 12 251.65Panac.Bio [1] 358.85 351.30 355.00 362.80 349.00 157.29 453.70 163.62 - 351.20PanachDigLif 78.00 79.25 75.85 82.00 75.85 57.81 94.80 37.15 - - ParagMilk 143.30 141.80 141.80 144.50 140.25 836.59 157.60 83.85 78 141.45Param.Com [2] 20.30 21.05 19.60 21.50 19.60 1877.58 24.60 6.10 - 21.05Parsvnath [5] 15.40 16.15 15.70 16.15 15.70 746.59 17.38 2.16 - 16.11Patel Eng [1] 18.90 18.40 18.70 18.95 18.30 1493.93 23.30 9.21 - 18.40Patel Int 25.80 25.50 25.25 25.95 25.10 80.71 32.05 13.60 - 25.40PBA Infra 15.10 14.70 15.05 15.25 14.40 18.32 22.73 7.50 - 14.60PC Jewl 27.60 27.10 27.15 27.55 27.00 1594.98 32.75 13.10 21 27.15PDS Multinat 1183.00 1198.55 1200.00 1200.00 1175.00 10.14 1235.75 254.85 70 1198.50Pearl Glo 275.80 330.95 321.95 330.95 316.60 298.82 331.20 100.70 - 331.20Pearl Poly 16.95 16.65 16.95 17.40 16.40 38.12 23.00 13.87 - 16.75Pennar Ind [5] 36.65 35.55 35.90 37.00 35.25 1823.32 38.35 14.30 - 35.55Persistnt 2841.70 2821.05 2839.30 2845.75 2793.00 105.39 3015.95 707.80 46 2821.20Petronet 221.65 222.05 221.55 225.35 221.00 3237.53 275.25 207.40 11 222.10PFC 127.55 127.10 127.00 130.20 125.50 8553.43 140.50 80.35 4 127.05Pfizer 5673.05 5653.65 5677.00 5698.90 5626.05 44.88 5875.00 4089.55 52 5663.85PG Elec 391.90 384.00 393.00 398.60 382.00 29.86 501.00 36.65 66 384.55PGHH 12908.15 12839.10 12955.00 12956.60 12825.00 15.44 14137.75 9700.05 62 12842.30Phil.Carbon [2] 237.95 236.70 236.00 240.00 235.20 737.95 250.30 94.65 13 237.05Phoenx.Mil [2] 875.85 874.20 874.60 884.90 867.35 244.18 893.55 542.65 51 871.20PI Ind [1] 2973.00 3161.95 2965.00 3200.00 2954.00 1028.42 3199.40 1670.00 67 3161.90PidiliteInd [1] 2244.20 2260.25 2234.00 2269.00 2232.00 192.18 2301.25 1307.05 106 2258.10PIL Italica [1] 8.35 8.50 8.30 8.60 8.30 1307.98 19.30 5.45 - 8.46Pilani Inv 2001.70 1994.95 1980.00 2013.00 1980.00 4.78 2248.80 985.72 19 1995.85Pion.Dist 132.80 132.55 134.95 136.50 131.75 80.59 140.25 92.00 - 132.30Pion.Emb 58.90 61.10 58.25 63.45 57.55 1327.48 64.50 18.80 8 61.00PiramalEntp [2] 2351.25 2298.60 2340.00 2348.25 2275.40 610.98 2519.25 1178.85 437 2299.90PittiEngg [5] 148.75 152.85 153.00 159.50 149.65 430.19 159.45 23.05 17 153.30Plastiblen [5] 276.10 272.75 272.00 282.00 266.00 108.54 295.65 155.05 19 272.55PNB Gilts 75.15 73.20 74.00 74.10 72.85 332.08 94.65 35.70 3 73.10PNC Infratec [2] 317.10 308.35 317.10 321.90 306.00 1650.13 321.70 126.55 22 306.70PodarHseDVPT 235.35 230.00 225.35 240.00 224.20 26.68 267.00 139.00 52 231.75PoddarPigmen 312.40 371.15 313.00 374.85 313.00 669.85 374.60 162.50 17 372.45Pokarna Ltd [2] 371.75 365.15 368.95 374.80 363.00 104.32 413.90 118.10 - 364.70Poly.Medi [5] 969.15 973.55 958.75 978.00 956.05 36.37 1163.00 367.20 72 972.45PolycabIndia 1936.10 1953.85 1938.00 1987.90 1937.05 333.57 2033.00 798.00 - - Polyplex 1524.35 1536.30 1520.00 1565.00 1511.35 147.25 1565.10 562.20 11 1535.35Ponnie Sug 304.30 322.55 297.00 330.00 297.00 111.25 382.50 131.15 11 322.25Power Mech 818.60 808.30 811.00 818.95 805.00 42.41 922.70 354.10 - 807.85PowerGrid 233.85 233.15 233.85 234.65 231.50 7720.84 251.50 154.65 10 233.00Prajay 17.95 18.80 17.95 18.80 17.85 475.77 19.70 5.31 - 18.86PrakashPipes 172.70 173.75 173.35 179.55 172.25 353.09 194.70 57.30 - - Praksh.Ind 77.70 76.50 77.00 79.70 75.10 1261.14 104.65 31.35 14 76.55PrataapSna [5] 764.25 764.45 770.00 779.25 743.35 82.58 826.50 484.65 86 765.10PraxisHoeRt [5] 45.25 47.50 45.00 47.50 44.25 17.83 62.60 29.00 - 47.95PrecisionCam 91.95 88.60 90.00 91.20 87.00 314.37 95.50 28.70 18 88.75Precot 278.10 292.00 290.00 292.00 270.00 65.98 292.00 19.75 - -
20 Micron [5] 65.15 67.60 65.55 70.00 65.55 506.57 74.80 24.50 11 67.7021stCentMgmt 23.25 22.80 23.25 23.25 22.80 0.90 25.90 9.51 - 22.653m India 24733.65 24455.50 24665.00 24688.00 24351.00 1.25 30975.00 18000.00 18524470.653PLandHold 16.20 17.00 16.95 17.00 16.20 33.24 18.80 5.80 - - 5PaisaCap 552.20 538.95 551.00 564.80 530.10 190.01 577.40 237.60 73 541.00
A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .AakashExplor 224.35 225.35 223.50 230.00 217.50 74.70 231.00 48.35 - - Aarti Drug 730.65 720.55 728.50 728.50 716.00 219.43 1025.00 357.50 26 720.65Aarti Ind [5] 856.95 852.55 855.00 861.40 846.95 883.15 943.83 447.05 60 850.70AartiSurfact 1384.75 1415.90 1380.00 1480.00 1380.00 54.35 1730.00 833.00 - - AarviEncon 70.60 70.80 71.35 74.00 70.00 96.95 78.40 27.00 - - AavasFinance 2867.45 2877.90 2874.00 2920.00 2844.20 17.83 3068.30 1259.00 78 2880.95AB Money [1] 80.10 80.20 79.65 83.50 77.80 739.13 88.50 33.75 25 80.20ABB [2] 1763.20 1738.80 1772.50 1777.90 1731.15 103.29 1856.10 848.50 154 1739.75AbbottIndia 17484.45 17344.25 17250.00 17430.00 17222.75 8.65 17600.00 13970.10 5317329.10ABBPowerPro 1916.00 1924.95 1920.00 1981.90 1916.90 34.80 2000.00 856.35 - - ABCapital 124.60 124.40 123.90 127.35 123.10 6445.45 139.60 53.00 - 124.45ABMInterntl 89.55 94.00 94.00 94.00 94.00 3.14 94.00 49.90 - - ACC 2129.35 2151.90 2117.90 2168.00 2105.20 666.89 2169.00 1289.70 23 2150.65AccelyaKal 1435.05 1403.80 1432.00 1446.35 1392.70 104.36 1535.00 800.50 73 1403.00AcrysilLtd 612.15 602.35 606.30 611.10 601.10 46.77 666.80 181.25 - - Action Con [2] 231.45 234.35 230.90 236.50 228.50 543.26 253.00 53.10 33 234.30AcuracyShipg 88.80 86.10 85.05 87.80 83.55 17.23 97.80 31.25 - - Adani Ent [1] 1395.50 1380.60 1390.00 1412.65 1332.75 6190.30 1718.45 149.80 305 1380.55Adani Ports [2] 687.60 673.70 686.00 693.00 661.4013618.86 901.00 298.10 71 673.70ADF Foods 875.20 871.10 874.90 900.00 865.05 37.77 1049.00 286.00 48 870.00AdityaBirFas 223.55 218.70 220.45 224.50 217.00 1610.27 231.85 111.80 - 218.65Ador Weld 753.30 749.30 753.30 780.00 741.45 37.71 808.00 234.65 86 750.35AdvancedEn [2] 414.00 407.55 412.00 413.40 406.00 198.06 503.00 158.00 64 407.45Advani Hot [2] 71.95 76.70 71.00 78.70 68.55 330.39 78.80 38.30 - 75.90Aegis Log [1] 320.60 319.85 317.85 324.60 316.05 818.70 394.40 180.70 72 319.75Agarwal Inds 355.55 359.35 360.00 362.00 353.05 35.66 366.00 74.00 20 357.65AgriTech Ind 45.15 45.35 47.25 47.25 45.05 31.29 50.00 26.00 - 45.30Agro Tech 960.45 1009.05 962.00 1043.25 960.00 67.34 1080.00 518.45 81 1013.05AgroPhosInd 15.40 15.30 14.90 15.85 14.90 107.80 21.00 7.45 - - AhladaEnggrs 209.00 203.45 209.80 214.00 203.00 117.30 232.40 61.15 - - Ahluwalia [2] 400.85 411.75 399.90 430.00 396.55 160.65 430.00 198.00 36 410.15AIA Engg [2] 2046.70 2062.60 2049.95 2077.00 2026.00 10.60 2224.40 1588.00 40 2065.50Ajanta Phr [2] 2155.25 2136.90 2156.00 2160.00 2097.00 51.94 2195.55 1390.15 27 2138.70Ajmera 309.00 310.85 304.10 317.00 295.00 187.69 324.90 73.75 47 310.40AkashInfProj 228.20 221.10 231.85 231.85 218.50 20.23 270.60 157.90 - - AKGEximLtd 26.60 25.65 26.05 27.15 25.50 17.75 112.70 25.50 - - AksharChem 440.95 455.55 444.70 474.30 435.10 124.23 497.05 188.00 30 455.45Akzo 2281.55 2264.40 2265.00 2287.95 2260.00 5.02 2510.00 1815.00 49 2265.80Alankit [1] 21.75 20.90 20.25 22.50 20.00 3481.73 27.15 11.50 - 20.95AlbertDavid 540.80 533.30 540.00 541.75 530.00 28.75 573.55 371.45 14 533.15Alembic [2] 134.50 135.65 133.90 139.35 132.15 2124.21 143.30 73.95 - 135.85Alembic Ph [2] 968.60 956.90 962.00 967.70 952.30 224.20 1150.00 863.55 16 957.50Alicon [5] 800.75 774.85 802.95 805.00 763.30 43.98 856.55 239.50 - 773.35Alkali Met 91.35 90.90 89.60 93.90 87.50 153.94 97.00 41.15 - 90.85AlkemLabs [2] 3351.15 3448.70 3350.00 3461.30 3320.00 245.91 3603.30 2415.00 25 3446.90Alkyl Amine [2] 3764.95 3692.60 3750.05 3775.00 3678.00 59.62 3987.25 894.00 64 3695.70Allcargo [2] 160.70 162.40 160.00 167.50 158.40 2238.59 167.60 91.45 21 162.45Allied Dig [5] 67.90 68.10 67.70 69.40 67.00 199.19 74.75 15.90 44 68.05Allsec 538.40 529.55 536.30 538.70 525.00 39.82 559.05 182.10 50 531.80Alm.Global [6] 64.60 62.40 65.95 65.95 61.40 29.36 71.80 8.87 44 62.80AlokIndus 27.80 27.45 27.45 27.85 27.20 9529.99 44.30 18.65 - - Alphageo 324.30 316.85 323.50 327.20 315.95 40.57 345.00 142.15 27 317.35Amararaja [1] 727.85 722.30 727.00 729.35 721.00 1081.68 1025.00 675.80 19 722.75AmberEntp(I) 3031.05 3032.40 3002.00 3048.75 3000.65 41.25 3667.50 1442.00 198 3036.45AmbigaAgar 20.10 19.80 20.50 20.50 19.65 42.38 39.70 12.00 12 20.10Ambika Cot 1405.05 1456.30 1398.70 1476.00 1385.00 104.31 1475.00 603.05 12 1460.05AmbujaCem [2] 383.05 386.55 382.30 388.35 380.40 3708.61 388.80 191.60 37 385.90AMD Ind 31.10 30.65 32.00 32.00 30.50 32.82 33.50 13.25 - 30.60AMJLandHol [2] 34.90 33.85 34.65 35.40 33.40 81.10 37.15 16.00 30 33.80Amrutanjan [1] 706.10 691.55 704.40 704.40 690.00 51.70 804.45 382.00 33 691.45AnantrajGlob 46.90 45.65 46.25 47.50 45.20 1561.77 50.70 20.70 - - Andhar Sug 547.15 550.90 549.50 569.00 545.05 181.09 637.90 270.85 14 550.05AndhraPaper 253.00 254.65 252.95 259.00 250.35 45.13 283.70 177.55 - - AngelBroking 1272.15 1357.25 1318.00 1475.00 1302.15 3178.72 1475.00 222.20 - - Anik Ind 25.30 25.05 24.35 26.55 24.35 154.16 27.05 10.55 15 25.15AnjPortCemen 431.10 485.50 439.75 511.00 437.00 908.62 511.50 126.00 14 485.95AnmolIndia 171.70 166.60 166.30 173.90 165.00 30.84 197.00 136.00 - - Ansal Hsg 9.95 9.50 9.50 9.50 9.50 67.13 11.66 3.50 - 9.54AntnyWastHdg 355.75 358.45 357.00 365.00 356.00 195.94 489.90 241.00 - - AnupamRasayn 814.35 799.45 814.00 814.00 791.55 143.12 848.05 474.00 - - Apar Ind 565.00 564.05 562.70 575.00 559.90 43.85 606.00 277.55 16 564.80Apcotex Ind [2] 320.25 321.85 315.50 323.90 315.50 47.89 384.75 107.55 38 321.80ApexFznFoods 384.75 378.35 378.20 394.25 373.25 125.54 435.20 200.00 27 377.70APL Apl [2] 1570.80 1531.30 1599.00 1599.00 1516.00 164.68 1675.75 338.60 124 1532.15Apollo Hsp [5] 3779.10 3883.75 3779.10 3919.95 3765.00 1044.56 3917.00 1437.35 505 3882.45ApolloMicSys 121.70 119.40 121.10 123.50 118.30 330.05 155.20 86.00 24 119.50ApolloPipes 999.15 995.65 1004.10 1024.00 986.20 26.60 1209.30 308.45 - - ApolloSindo 799.60 800.30 793.00 805.00 785.25 1.27 990.00 451.10 - - ApolloTyr [1] 230.85 225.35 229.55 229.55 222.80 5981.96 261.20 105.90 20 225.30Aptech 247.65 243.75 246.00 249.00 242.00 246.27 272.60 103.60 68 243.55Archies [2] 23.25 27.90 25.60 27.90 25.40 4125.86 27.45 9.40 - 27.45Aries Agro 171.30 175.30 171.30 179.95 164.00 312.44 193.75 55.60 10 175.30ArihntCapMkt 174.10 177.75 174.00 185.90 170.10 173.25 189.25 111.25 - - ArmanFinServ 696.30 681.30 697.00 701.30 677.00 9.27 815.00 428.00 72 681.35AroGranite 70.15 69.50 69.75 72.35 68.30 118.42 77.00 21.50 18 69.75Arshiya [2] 30.50 29.95 31.80 31.80 29.10 131.94 42.70 9.03 - 30.00Arvind 108.15 105.05 105.50 111.00 102.00 4011.93 112.10 27.55 23 104.55ArvindFash [4] 176.80 178.85 173.85 181.15 171.25 1315.16 184.50 117.17 - 178.55ArvindSmart 130.20 126.75 126.10 131.65 125.65 261.79 136.00 75.50 32 126.55Asahi India [1] 382.10 375.70 379.00 380.95 374.00 45.34 391.15 164.50 66 376.05Asahi Song 369.75 368.90 371.00 377.00 363.40 21.04 398.00 167.65 15 368.45Ashiana [2] 171.70 167.45 170.00 172.90 165.50 185.91 174.75 56.35 - 166.75Ashok Ley [1] 127.85 124.75 126.40 127.40 123.9011473.69 138.85 48.00 - 124.70Ashoka Bld [5] 107.60 108.00 107.60 109.90 107.40 1898.99 118.65 50.05 7 108.05Asian Gran 182.65 181.05 181.30 183.60 180.05 443.48 318.00 137.25 12 181.15Asian Htl-E 175.35 178.55 171.40 179.25 171.40 5.83 204.80 120.05 - 179.05Asian Htl-N 87.45 87.00 87.00 89.00 84.15 24.85 105.80 44.25 - 87.05Asian Htl-W 241.55 243.55 236.00 244.90 236.00 5.69 344.95 179.00 - 241.60Asian Paints [1] 2989.30 2981.95 2989.30 2999.70 2965.00 837.84 3091.00 1683.00 94 2979.35Aspinwall&Co 221.40 226.10 216.50 237.80 214.05 146.73 237.80 93.75 - - AssoAlchohol 473.55 471.40 476.95 482.95 469.75 58.65 516.00 218.10 - - Aster Life 1439.05 1404.85 1435.00 1445.00 1394.00 20.69 1528.00 908.55 42 1402.15AsterDMHealt 159.45 159.65 159.00 165.90 157.15 1188.98 179.90 120.00 - 159.60Astra Mic [2] 178.35 174.65 174.70 178.45 171.45 1282.07 187.40 101.95 63 172.95Astral Poly [1] 2084.70 2056.55 2090.00 2109.35 2051.00 161.66 2134.00 686.81 123 2058.65AstraZen [2] 3517.35 3498.70 3529.95 3546.50 3490.00 17.28 4970.00 3000.00 95 3502.45AstronPaper 71.65 69.85 71.35 72.50 69.35 607.50 74.40 35.00 33 70.00Atul 9304.50 9259.80 9319.95 9319.95 9210.00 5.85 9651.00 4600.05 45 9262.20Atul Auto [5] 218.70 223.60 216.00 230.80 214.05 552.12 237.00 151.25 - 223.00Aurionpro 184.65 189.30 186.25 192.00 184.05 387.90 197.60 45.50 45 189.00AurobindPh [1] 975.55 965.10 966.10 975.00 959.15 759.19 1063.75 737.90 18 965.10AUSmallFinBk 1227.45 1208.45 1219.90 1235.50 1176.00 787.84 1356.35 616.30 32 1208.70Ausom 106.70 108.50 105.50 114.75 103.65 101.43 118.15 25.55 10 107.65Auto Axl 1407.90 1388.50 1405.20 1405.20 1350.10 22.52 1480.00 509.40 83 1392.90AvadSug&Egy 472.50 490.90 461.00 506.00 461.00 272.35 548.55 155.00 13 490.90Avanti Feeds [1] 633.25 629.80 627.95 636.85 625.30 288.68 675.00 411.85 28 629.50AvenuSupmart 3349.20 3331.60 3320.00 3348.90 3315.15 143.63 3425.00 1900.00 175 3331.15AVT Natl [1] 79.30 79.25 78.60 82.20 78.25 614.17 84.60 37.15 28 79.15Axis Bank [2] 771.15 755.20 752.30 766.65 749.60 5554.49 800.00 400.00 35 755.15AYM Syntex 83.30 81.15 84.00 86.05 80.25 52.97 86.90 20.30 29 81.20
B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BafnaPharma 163.35 179.65 163.45 179.65 160.20 117.10 196.10 48.20 - - Bajaj Auto 3931.95 3882.85 3922.00 3939.00 3875.00 408.07 4361.20 2823.35 25 3883.20Bajaj Elect [2] 1034.75 1038.10 1030.50 1040.00 1025.20 223.06 1224.50 383.05 74 1037.80Bajaj Hld 3981.30 3915.60 3975.00 4060.00 3899.95 42.15 4058.80 2219.00 220 3921.75BajajConCar [1] 289.20 289.30 288.00 291.00 288.00 377.54 323.50 161.00 19 289.55BajajFin [2] 6125.45 6015.40 6088.00 6123.00 5935.00 1290.53 6340.00 3008.85 92 6012.75BajajFinserv [5] 12745.70 12721.10 12680.00 12820.00 12643.20 188.20 13114.30 5401.00 113212712.30Balaji Amn [2] 2910.05 2832.60 2880.00 2940.75 2817.40 62.54 3034.05 555.60 40 2837.70Balaji Tele [2] 71.40 69.60 70.40 72.35 69.00 913.22 101.70 51.00 40 69.60BalaxiVentre 617.15 648.00 647.80 648.00 630.00 8.79 829.95 158.75 - - Balkrishna [2] 2385.25 2344.70 2375.00 2375.00 2327.00 236.59 2404.05 1230.00 41 2346.05BalkrishPap 24.95 25.60 25.95 25.95 24.15 19.04 27.55 11.47 - 25.80BalmerLaw 139.90 139.65 138.80 143.85 138.30 760.86 170.95 95.00 20 139.60Balrampur [1] 345.35 344.60 343.80 354.40 340.40 1100.37 370.00 122.25 15 344.15Ban.Amn.Sug 1799.95 1786.45 1799.95 1850.00 1785.00 8.16 2160.00 1004.00 24 1785.00Banar.Beads 72.30 68.55 70.00 71.95 68.00 106.59 80.00 39.10 20 68.70Banco Ind [2] 164.35 162.90 161.15 165.00 161.15 81.86 199.60 77.75 15 163.05BandhanBank 309.15 308.40 308.00 312.50 305.45 4358.92 430.25 251.40 22 308.45Bang Over 48.65 48.70 48.05 51.50 46.30 128.28 54.85 15.20 - 48.60BankaBioloo 63.55 65.50 66.00 66.00 64.00 5.76 86.45 34.75 - - BarbequeNatn 908.70 880.70 891.70 918.25 865.25 64.42 980.00 481.85 - - BASF 2716.90 2718.70 2704.95 2744.00 2691.15 21.27 2863.25 1270.00 41 2718.80Bata India [5] 1618.70 1607.00 1618.00 1635.00 1600.80 529.08 1705.00 1215.00 - 1607.25Bayer Crop 5951.35 5877.00 5950.00 5950.00 5858.55 18.16 6550.00 4928.25 54 5876.80BCLIndust 263.35 261.00 257.00 270.00 256.60 147.35 289.70 98.00 - - BEL [1] 179.65 186.00 179.50 187.75 177.6515135.71 187.70 86.35 22 186.05BEML 1306.85 1298.05 1296.00 1315.90 1292.55 180.11 1544.25 584.20 72 1297.90BergrPaintIn [1] 843.85 835.30 842.00 842.00 830.00 425.44 859.80 496.80 117 835.30BestAgrolife 459.95 454.80 459.30 472.00 443.65 32.05 600.00 202.35 - - BF Inv [5] 414.70 423.15 410.00 445.00 408.00 664.90 445.95 255.05 87 423.00BF Util [5] 504.05 521.20 512.60 539.00 512.60 1662.15 538.95 216.00 - 521.70BGR Engy 67.60 66.10 67.35 69.00 65.50 278.21 76.60 31.10 - 65.95Bhageria Ind [5] 286.35 283.50 286.35 289.35 282.00 107.04 296.80 112.00 20 282.40BhagngrInd [2] 49.10 51.10 48.30 52.15 48.05 151.74 60.40 14.65 - 50.60BhagyangrP [2] 30.20 30.70 30.40 30.75 29.75 19.66 34.10 18.25 - 30.45BhandariHo [1] 3.90 3.75 3.90 3.90 3.75 513.91 4.78 0.99 - 3.69Bhans.Eng [1] 173.55 173.90 173.00 177.40 173.00 953.25 196.40 39.00 7 173.75Bharat Bij 1374.70 1375.95 1354.00 1399.90 1345.00 27.06 1513.05 650.00 30 1379.45Bharat For [2] 807.35 812.05 804.00 814.25 792.00 1184.95 832.15 375.30 118 811.80Bharat Gea 121.75 120.10 120.05 124.25 118.50 53.46 133.00 38.25 - 119.95Bharat Ras 13874.20 13623.75 13850.00 13997.00 13555.00 1.63 15100.00 8478.90 3513642.70Bharat Wire 81.10 80.20 80.50 81.00 78.55 27.98 83.85 19.05 - 80.85BharatDynamc 374.25 379.80 373.00 383.10 372.20 217.38 481.25 280.70 27 380.95BharatRdNwk 37.80 36.75 37.40 38.40 36.10 196.34 41.40 26.35 - 36.85Bharti Air [5] 541.15 538.45 539.00 544.70 529.30 8962.29 623.00 394.05 - 538.30BHEL [2] 66.25 64.00 65.25 65.75 63.8045955.10 79.50 26.75 - 64.00BigBlocConst 111.10 107.10 109.00 111.10 105.50 28.99 176.65 33.70 - 108.15Biocon [5] 409.30 411.40 408.90 414.40 405.10 2649.72 487.70 363.30 178 411.05BioflChm&Pha 83.45 79.30 79.30 79.30 79.30 31.64 352.45 16.24 - 79.20BirlaCorp 1344.90 1336.15 1338.00 1359.85 1315.00 62.97 1387.90 530.00 24 1334.90BIRLASOFT 420.05 406.60 413.85 420.40 403.00 2959.49 434.85 101.50 - - BirlaTyres 28.15 27.95 27.95 28.35 27.30 401.82 43.05 17.50 - - Bk of Ind 75.20 73.90 74.95 74.95 73.50 1960.98 101.45 38.20 13 73.95Bk of Mah 24.00 23.95 23.80 24.40 23.40 4571.79 31.95 10.00 - 24.00Bk ofBar [2] 81.70 80.15 81.40 81.60 79.6028260.63 99.80 39.50 56 80.15BL Kash [1] 24.70 24.30 24.45 24.65 24.00 215.42 29.95 5.00 - 24.30BLB [1] 9.45 9.90 9.55 9.90 9.20 239.64 10.30 3.91 - 9.79Bliss GVS [1] 111.85 113.05 113.40 115.90 112.05 426.75 224.00 91.50 17 113.10BLSIntlServ [1] 135.60 131.60 134.80 135.60 130.00 258.77 145.75 61.10 65 131.40Blue Dart 5798.95 5807.20 5818.00 5875.00 5763.30 16.25 6184.00 1860.00 123 5801.35BlueCoast 5.40 5.65 5.65 5.65 5.65 0.10 6.46 2.97 - 6.40BlueStar [2] 865.35 865.05 859.00 870.00 852.25 103.24 1025.00 475.00 206 865.00Bodal Chem [2] 116.90 121.55 115.95 123.70 115.10 1848.30 125.90 59.40 31 121.30Bomay Bur [2] 1300.85 1286.95 1288.00 1314.00 1281.55 79.79 1566.80 1104.75 - 1286.90Bombay Dye [2] 102.40 106.25 100.40 108.00 100.2520880.87 108.00 58.40 - 106.10BombySuprHyb 278.90 292.80 288.00 292.80 276.00 9.18 292.80 75.20 - - BOROSIL 223.40 219.50 218.15 224.90 218.15 93.57 254.00 152.10 - - Bosch 15287.95 15218.50 15250.00 15298.60 15108.15 22.65 16900.00 11322.00 4615225.05BPCL 448.00 453.90 446.00 459.00 445.20 7368.97 493.70 324.90 7 454.05BPL 41.95 41.10 41.55 42.40 40.55 210.77 43.65 16.00 - 40.95Brigade 339.15 323.20 336.45 338.40 321.25 347.13 357.35 133.85 40 323.75BrightcoGrp [2] 39.75 41.70 41.70 41.70 41.70 352.34 42.25 4.71 - 42.25Britannia [1] 3441.00 3450.15 3440.40 3457.50 3426.10 226.73 4015.00 3317.90 47 3450.20Brooks Lab 91.85 91.35 90.00 93.65 87.30 86.44 113.90 28.10 - 90.95BSE 1191.65 1328.45 1184.80 1406.00 1173.2512170.66 1406.00 466.00 - - BSL 60.70 61.90 60.90 63.70 59.10 115.22 68.80 21.95 47 62.10BurgrKng(In) 168.65 178.25 167.80 180.00 166.6010338.62 213.80 108.40 - -
C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cadila HC [1] 643.85 639.50 643.85 650.90 637.00 3666.81 673.70 350.35 40 639.50Cambridge 63.90 67.05 63.90 67.05 63.90 81.26 67.20 14.80 59 67.20Camlin Fine [1] 225.45 208.10 225.95 230.80 205.25 3237.86 230.80 55.90 - 207.90Canara Bk 151.30 148.15 150.70 150.70 147.20 7526.45 174.40 82.25 10 148.15CanFinHom [2] 540.65 533.10 534.65 541.90 530.95 238.49 619.00 354.85 16 532.65Cantabil 424.55 414.50 419.95 428.45 412.30 40.18 460.70 285.00 70 414.75CapaciteInfr 235.30 231.60 230.30 238.85 230.30 290.14 245.00 89.95 - 231.90CapitalTrust 115.85 115.90 115.85 120.75 109.55 69.06 153.85 50.00 - 115.70Caplin Point [2] 690.20 703.45 686.50 711.00 681.40 253.61 722.70 367.20 34 701.90CapriGlo [2] 529.70 528.95 528.00 539.95 526.45 20.75 578.70 145.75 65 529.30CARE 706.95 726.15 705.50 759.25 698.05 1304.07 791.15 296.05 25 724.95CarrerPnt 148.50 146.35 146.05 149.80 144.80 123.79 190.65 117.25 21 145.95CastrolIndia [5] 143.35 143.45 143.35 144.10 142.60 361.68 154.90 104.00 20 143.50CCL Prd [2] 386.00 381.15 381.00 390.65 380.00 260.21 431.75 220.00 32 380.90Ceat 1449.95 1425.45 1438.00 1449.00 1415.40 255.33 1763.15 835.05 13 1425.95CEEBCO 37.50 37.15 37.25 39.00 36.00 252.34 43.25 11.45 27 37.05Celebrity 9.10 9.40 9.40 9.55 8.90 155.00 9.99 3.67 - 9.36Cent Enka 455.35 452.25 455.40 459.80 447.00 124.25 478.00 153.90 14 452.00Cent.Bk 25.35 24.70 24.95 25.20 24.55 8551.51 29.65 10.04 - 24.70Cent.Elec 487.80 509.70 489.80 514.90 484.90 72.85 542.50 258.60 27 509.85Cent.Ext [1] 9.90 9.80 9.90 10.10 9.65 316.58 11.80 3.06 - 9.87Cent.Ply [1] 418.80 420.70 419.80 422.00 411.90 285.87 447.30 123.05 46 421.00Cent.Txt 719.50 719.55 717.00 736.00 710.00 682.20 735.60 292.35 255 718.95CentDepoSer 1449.30 1537.45 1437.95 1579.00 1345.05 4762.88 1579.00 300.00 - - CentrumCap [1] 51.85 51.45 51.40 52.50 50.65 4878.47 58.50 12.75 - 51.45Cera San [5] 4490.25 4430.80 4468.90 4524.40 4391.25 9.61 4892.35 2100.00 57 4445.50Cereb.Int 58.85 56.70 58.20 58.90 56.00 642.42 67.50 25.85 - 56.65CESC 838.10 841.55 829.25 847.80 826.00 421.77 871.00 539.00 14 841.40ChaletHotels 182.40 178.05 180.80 180.80 176.00 433.75 215.25 125.05 - 177.70ChamanLalSat 149.35 147.60 147.00 152.30 145.15 164.25 155.00 120.00 - - Chamb.Frt 300.70 304.60 299.80 309.05 299.00 1277.58 320.80 133.35 9 304.65ChembondChem 236.35 231.00 234.00 238.00 226.70 79.18 194.00 115.00 - 175.60ChemconSpecl 492.55 488.45 490.00 500.00 487.05 257.10 731.25 398.00 - - ChemfabAlkal 180.35 175.40 179.95 183.40 174.05 28.50 194.40 115.00 - - CholaFin [2] 512.40 506.50 509.95 516.40 504.00 2729.56 600.90 196.95 27 506.35CholamaFin [1] 646.50 659.60 650.00 669.10 632.65 224.71 713.00 321.10 569 657.90Cigniti Tech 647.05 641.30 638.80 654.75 635.60 152.27 677.00 250.00 33 640.75Cineline Ind [5] 49.90 48.70 49.90 51.00 48.00 67.39 55.90 22.90 17 48.50Cipla [2] 977.15 974.00 972.10 983.60 971.25 854.35 997.20 644.65 32 973.65
CitiUn Bk [1] 161.85 158.65 160.00 161.00 157.50 2625.78 199.80 115.55 20 158.75Clari.Chm 592.25 596.75 601.95 601.95 587.80 43.29 620.05 288.00 37 596.05CleanScience 900.00 1585.25 1755.00 1770.65 1555.0513548.17 1770.65 1555.05 - - CLEducateLtd 140.10 147.10 140.00 147.10 140.00 83.85 147.40 36.00 - 147.40CMI 54.25 54.25 53.50 57.20 53.50 121.34 68.70 30.00 - 54.55Coal India 145.55 144.45 145.00 146.40 144.00 5158.74 164.90 109.50 12 144.50CochinShip 384.30 380.70 383.95 386.50 380.00 203.16 433.75 304.95 8 381.20CoffeeDayEnt 43.70 42.90 43.00 43.45 42.60 802.39 50.30 19.55 - 42.90COFORGE 4547.75 4544.45 4539.95 4663.00 4505.00 348.51 4663.00 1613.85 - - Colgate [1] 1745.60 1753.30 1746.00 1758.70 1732.80 224.05 1774.00 1322.80 46 1753.35CompuageIn [2] 31.20 31.10 30.75 32.30 30.60 331.39 35.00 10.50 10 31.15ComputerAge 3433.95 3446.50 3413.00 3530.00 3348.05 626.80 3740.65 1260.00 - - Con.FinHld 127.40 130.20 136.90 136.90 129.00 19.85 78.40 26.55 - - Concor [5] 661.40 658.00 658.70 664.55 652.00 1409.37 748.20 351.60 72 658.00ConfdnPetIn [1] 63.10 61.70 62.65 63.40 61.25 1252.16 68.35 17.20 38 61.75ControlPrint 385.50 377.25 384.15 384.50 372.55 45.69 416.85 197.30 20 378.70CoralIndFin [2] 52.90 52.15 52.25 54.10 51.75 68.29 58.50 16.60 16 52.30Cords Cab 67.70 68.05 66.90 69.00 66.75 109.19 83.40 31.80 20 67.90Corom.Intl [1] 863.25 870.00 860.00 881.70 854.90 255.11 955.95 681.65 19 870.25Cosmo Film 1104.00 1135.30 1099.00 1147.00 1091.75 112.54 1145.00 371.20 10 1137.20CPCL 134.95 135.90 135.25 137.40 132.75 390.04 151.80 63.75 8 135.90CraftsmnAuto 2102.20 2086.25 2100.00 2145.10 2071.60 100.48 2176.00 1245.00 - - CrdtacsGramn 743.10 717.80 740.80 740.80 715.00 52.42 839.00 500.00 78 718.40CreatPer&Di [5] 2.90 2.90 2.90 2.90 2.90 0.40 4.59 1.48 - 3.04CreatPer&Dis 217.95 207.10 207.10 215.00 207.10 147.25 241.50 83.00 - - Crest Ventu 136.40 135.90 136.90 142.20 134.00 48.44 145.10 57.60 - 136.90Crisil [1] 2750.50 3100.70 2750.00 3210.00 2739.00 1029.26 3207.50 1636.30 84 3113.35CromGreaC [2] 466.95 465.35 462.40 477.00 460.05 1252.12 496.50 238.05 48 464.30CSBBank 351.25 341.95 347.00 356.90 340.60 312.38 372.95 178.55 27 342.40CUMI [1] 650.35 636.05 654.00 654.00 626.35 160.64 676.95 232.00 64 636.35CumminsInd [2] 857.50 861.60 857.00 866.85 846.20 753.12 933.45 381.50 39 861.50Cupid Ltd 259.40 265.75 258.90 272.35 257.55 511.41 295.00 190.30 12 266.40Cyber Med 13.35 12.90 13.35 13.35 12.75 15.69 20.35 2.50 - 12.84Cybertech 195.65 200.00 193.80 207.00 190.75 775.89 207.70 41.25 35 199.20CYIENT Ltd [5] 1062.60 1014.20 1045.00 1045.00 1000.00 740.88 1091.40 290.10 40 1014.05
D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .D P WIRES 190.70 188.75 194.00 194.00 187.00 15.50 198.00 55.00 - - Dabur [1] 580.30 588.80 578.80 590.00 576.00 1953.71 605.00 463.10 75 588.90Dalm.B.Sug [2] 455.25 460.05 456.25 475.00 454.00 196.20 498.95 114.40 14 460.25DamodarInd [5] 50.40 51.90 51.00 53.60 49.35 132.38 56.95 20.10 - 51.80Datamatics [5] 250.45 300.50 245.80 300.50 240.45 2738.20 300.90 48.25 55 300.90DB Corp 111.75 114.45 111.00 116.00 110.10 743.48 124.60 71.00 15 114.40DB Realty 30.35 29.20 30.00 31.55 28.95 1315.22 32.45 6.17 - 29.35DCB Bk 108.35 106.40 108.90 108.90 106.15 1022.49 126.50 74.35 10 106.40DCMFinServices 3.90 3.75 3.75 3.75 3.75 19.71 5.23 0.83 - 3.87DCMNouvelle 158.35 166.25 158.95 166.25 156.95 134.63 166.40 22.00 10 166.10DCMShrira [2] 1013.60 1052.80 1020.20 1200.00 1020.20 3438.75 1199.00 315.00 25 1054.45DCW [2] 40.75 39.80 40.55 40.55 39.45 1893.03 44.85 9.50 - 39.85De Nora 374.45 368.55 365.25 376.00 365.25 16.43 422.40 190.00 35 367.40Deccan Cem [5] 683.15 725.85 684.00 738.00 660.00 382.52 738.35 221.00 9 725.70DeepEneResou 55.85 55.75 55.90 58.30 54.65 165.46 89.90 30.50 - - DeepIndust 93.75 96.25 95.40 98.40 95.05 72.44 108.90 57.30 - - Deepk.Ntr [2] 1951.50 1958.05 1948.95 1970.70 1938.45 623.24 1999.00 515.00 75 1955.95Delta Corp [1] 183.00 180.10 181.30 185.30 179.30 1784.26 202.00 85.00 145 180.10Den Net 55.15 53.75 54.60 54.90 53.60 3437.69 115.05 41.60 12 53.75DFMFoods [2] 404.80 398.65 402.90 410.00 395.80 308.31 452.80 170.00 70 397.15Dhamp.Sug 361.15 364.40 357.90 372.45 357.00 485.37 395.00 125.00 10 363.30DhaniService 213.70 211.30 209.00 212.45 207.00 1364.79 395.95 104.85 - - Dhanlk.Bk 18.10 17.60 17.90 18.00 17.50 1408.80 20.20 11.50 12 17.55Dhanuka Ag [2] 1001.15 998.30 993.00 1012.00 979.90 125.21 1053.15 668.95 22 998.10Dhar.Sugar 25.80 27.05 24.70 27.05 24.55 543.43 36.50 3.97 - 27.35Dhun.Inv 662.70 669.90 669.90 705.00 631.25 52.14 704.70 197.05 165 672.00Dhunseri Tea 510.05 519.55 508.10 535.15 504.10 18.58 607.80 152.00 7 520.55DhunseriVent 301.75 310.10 298.90 317.00 296.15 180.11 320.00 47.25 - - DIC India 488.25 481.80 489.95 493.10 480.20 4.54 530.00 328.50 36 482.05DiligenMedi [1] 2.75 2.65 2.70 2.75 2.65 226.30 4.71 0.33 - 2.57DilipBuildco 569.25 577.95 569.95 583.75 569.00 427.79 719.00 275.00 26 577.35Dish TV [1] 14.35 14.45 14.20 14.95 14.1510028.89 17.69 6.81 - 14.45DishmanCar [2] 213.30 228.80 210.10 232.80 210.10 4422.03 232.90 102.55 - 229.10Divi'sLabs [2] 4757.60 4807.45 4749.95 4832.70 4735.55 493.16 4832.60 2180.05 65 4800.95DixonTe(In) [2] 4646.30 4562.40 4630.00 4648.95 4530.00 184.85 4731.50 1284.33 176 4557.60DLF Ltd [2] 330.80 331.25 325.90 338.80 324.4523622.89 338.70 134.60 74 331.25D-Link [2] 163.20 161.15 162.20 165.60 158.20 1084.26 168.65 83.40 20 160.70DodlaDairy 601.20 598.65 593.00 618.95 586.50 404.84 652.00 550.00 - - DolatInvest [1] 107.25 105.80 106.75 110.00 104.10 655.25 116.80 43.20 13 105.65DollarInd [2] 318.15 313.25 317.00 317.50 311.05 104.36 366.95 124.95 20 313.00Donear [2] 53.90 53.85 53.10 54.90 51.90 352.73 54.90 19.00 - 54.05DPAbhushan 184.60 179.70 188.30 188.30 175.00 15.83 189.65 70.05 - - DPSC 17.25 17.15 17.45 17.50 16.45 78.00 20.50 7.30 - - Dr Reddy [5] 5406.55 5419.35 5398.00 5445.00 5382.10 240.86 5613.65 3963.85 49 5419.15Dred.Corp 394.70 392.20 391.00 396.00 390.15 61.25 475.00 228.20 - 392.50DrLalPathLab 3416.25 3451.45 3410.00 3504.00 3363.00 187.88 3540.05 1740.60 103 3449.80Dwarikesh [1] 75.55 78.10 73.70 79.20 73.60 4246.96 83.90 23.00 16 78.05Dynac.Sys 155.20 149.95 153.45 155.45 148.65 39.20 175.00 20.35 16 149.50Dynamatic 1617.40 1591.55 1617.40 1636.75 1580.00 5.33 1742.00 500.00 36 1596.75DynemicProd 523.20 512.20 518.00 524.90 504.25 55.95 588.55 171.00 20 509.50
E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .EasyTripPlnr 434.90 424.55 427.80 435.80 418.00 1150.09 467.00 161.00 - - EbixcashWrld 648.45 659.15 634.00 669.55 634.00 4.38 739.00 296.05 - - EdelFinSer [1] 90.65 92.95 90.25 95.15 89.35 8935.27 100.80 50.00 12 93.00Eicher Moto [1] 2617.25 2579.75 2609.00 2617.25 2571.00 561.17 3035.50 1865.83 53 2580.95EID Parry [1] 416.00 418.20 414.95 424.00 411.15 601.71 470.35 259.60 26 418.85EIH [2] 115.90 113.90 114.60 116.70 113.20 691.97 122.60 58.36 - 113.80EIH A Htl 350.45 337.35 348.00 350.00 332.50 46.46 405.95 207.35 - 338.15Eimco 505.65 508.95 527.00 527.00 505.65 48.76 539.75 287.00 26 509.60Elec. Eng [2] 141.80 138.40 142.00 146.75 137.00 2414.94 146.80 21.50 43 138.25Elec.Stl.Cs [1] 37.40 37.00 37.05 37.50 37.00 378.71 40.25 14.00 - 37.00Electrotherm 159.80 155.50 155.10 159.25 155.00 19.93 197.90 88.25 - 155.50Elgi Eqp [1] 210.55 209.75 209.00 214.00 208.10 101.84 244.00 76.28 63 209.80Elgi Rbr 38.05 38.85 38.00 39.45 37.50 82.75 42.80 15.30 - - Emami [1] 558.65 542.20 550.00 557.35 532.25 333.61 578.55 235.30 51 543.55EmamiPapM [2] 169.80 164.75 169.00 170.75 160.00 136.73 214.90 60.60 66 165.00EmamiRealt [2] 79.75 83.70 80.80 83.70 80.80 248.08 84.50 31.95 - 83.35Emkay Glo 128.80 135.25 128.80 137.00 126.80 960.91 138.80 42.10 48 135.35Emmbi Ind 107.30 116.50 106.50 125.55 106.20 1664.50 124.75 62.75 27 116.45EnduranceTec 1648.00 1624.80 1648.00 1664.50 1613.00 58.60 1713.55 866.00 57 1626.85Energy Dev 11.95 11.85 11.95 12.00 11.65 46.15 16.80 4.50 - 11.90Eng.India [5] 77.50 77.15 77.00 77.75 76.60 1240.52 93.60 60.50 12 77.15Ent.Net.Ind 187.40 191.10 188.90 191.80 184.05 109.04 211.30 120.40 - 190.30EPL 246.90 246.65 246.00 255.95 244.00 390.04 318.60 185.00 - - EqitsSmlFnBk 65.75 65.75 65.80 66.45 65.25 915.20 76.80 30.05 - - Equitas Hold 130.35 128.10 130.00 130.00 125.50 2046.47 138.40 40.35 30 128.10ErisLifeSci [1] 767.80 756.35 763.00 771.95 752.30 65.34 790.00 400.00 29 756.70Eros Intl 24.75 24.20 24.60 24.85 23.80 1039.44 36.95 16.60 - 24.20Esab Ind 1927.00 1908.85 1925.65 1935.55 1895.00 3.99 2120.00 1290.00 50 1909.00Escorts 1193.70 1192.70 1189.00 1203.70 1184.40 698.95 1468.40 1077.55 18 1192.80Ester [5] 145.75 148.85 143.85 154.90 143.05 542.54 159.10 50.65 9 148.75Everady [5] 315.35 312.45 313.00 319.90 308.00 392.24 349.00 103.20 7 312.35Everest Ind 416.85 442.75 406.00 466.00 406.00 1262.15 465.00 193.35 12 443.95Excel Ind [5] 1235.75 1206.40 1242.00 1244.80 1200.00 25.71 1289.00 708.00 22 1208.70Exide [1] 184.05 181.70 183.75 183.75 181.15 1574.92 220.60 150.35 20 181.75
F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FACT 138.35 137.85 137.30 139.50 136.95 157.85 153.00 39.15 25 137.85FaircheOrgan 1533.35 1568.60 1554.00 1608.00 1540.00 37.63 1691.90 580.30 - - FDC [1] 378.90 374.30 378.70 378.70 371.85 167.70 404.90 260.00 21 374.05Fed Bk [2] 87.90 86.00 86.50 87.40 85.8011727.93 92.40 45.40 11 86.10Fed.Goetze 307.70 301.20 306.00 307.50 297.85 181.46 470.00 247.85 - 301.15Fiem Ind 792.95 798.05 789.00 804.70 781.30 36.02 839.00 406.00 21 797.15Filatex [2] 110.60 106.90 107.00 109.35 105.30 2414.66 117.75 22.50 14 106.55Fin.Cable [2] 538.70 531.75 536.00 546.65 526.85 210.58 557.05 257.25 29 532.00FineOrgInd [5] 2996.40 2919.70 2998.00 3016.95 2905.55 28.32 3565.25 2000.00 78 2919.45FineotexChe [2] 96.00 100.70 95.30 101.95 95.25 4703.16 102.00 26.75 31 100.85Fino.Ind [2] 177.25 175.75 177.00 178.00 175.00 565.26 198.90 87.80 15 175.95Firstsource 229.70 227.00 224.80 242.85 222.2520459.80 242.65 41.15 43 227.05ForceMotors 1541.65 1550.40 1525.00 1588.85 1520.00 322.85 1707.00 880.00 - - Fortis Hlt 235.35 236.80 234.00 242.50 231.75 3195.84 253.80 123.30 - 236.85Foseco 1558.50 1550.75 1562.50 1573.30 1531.10 1.92 1790.00 1012.80 53 1554.60Fut. Life [2] 72.20 72.25 72.70 74.60 72.00 125.13 159.95 46.95 - 72.35Fut. Mkt 18.60 18.45 18.75 18.90 18.10 24.06 29.30 11.95 - 18.60FutEntpDVR [2] 14.05 14.45 13.60 14.75 13.60 52.92 23.70 9.46 1 14.30Future Cons 9.10 9.10 9.10 9.25 9.00 6397.71 12.60 5.85 - - FutureEntp [2] 10.95 11.00 10.95 11.15 10.80 943.91 22.25 7.61 - 11.05FutureRetail [2] 63.00 63.35 63.00 63.95 62.85 1527.65 168.00 40.60 - 63.45
G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .G R In-
frapro837.00 1747.10 1715.85 1838.00 1550.0014023.52 1838.00 1550.00 - - Gabriel [1] 129.55 125.40 128.25 129.30 123.15 430.77 135.00 80.80 30 125.50GAIL 144.80 144.35 144.80 148.00 143.8013184.15 170.00 81.25 13 144.35GalaxSurfact 3138.75 3104.50 3130.00 3130.60 3051.00 20.10 3350.00 1535.00 62 3109.25Gallant Isp [1] 56.60 56.60 55.90 57.45 54.60 67.95 62.05 26.00 15 56.50Gallant Mtl 79.95 78.00 78.15 80.65 77.50 91.66 87.95 28.55 11 78.05Gamm.Infra [2] 2.30 2.40 2.20 2.40 2.2016300.20 3.32 0.55 - 2.37Gandhi Tub [5] 453.50 458.50 445.50 474.00 445.50 76.78 500.00 180.00 16 457.10Ganesha Ecos 508.30 501.75 501.30 509.90 496.95 30.62 687.70 215.00 24 500.50GangaForging 107.95 105.80 107.95 108.00 105.35 44.21 108.80 97.00 - - GangesSecu 90.95 93.70 99.00 99.00 91.00 150.17 100.15 29.00 20 94.00GardenReach 201.20 203.80 198.00 207.00 197.50 278.59 243.20 166.05 14 203.35GarwarTecFib 3333.45 3353.15 3330.00 3383.45 3302.20 12.21 3640.50 1492.05 45 3351.75Gati [2] 163.10 166.90 163.00 168.95 162.00 1691.58 179.70 41.95 - 166.65Gayt. Proj [2] 39.70 40.85 38.90 42.00 38.15 8043.85 48.60 14.00 14 40.80GE Ship 380.40 382.20 381.00 385.00 378.05 331.68 477.00 209.15 6 382.35GE T&DInd 138.10 135.35 137.85 137.85 128.00 162.92 153.80 80.00 - - Geecee 184.90 178.70 180.90 184.30 175.10 101.32 188.60 60.10 30 178.90GeewayWires 90.50 89.45 91.15 91.15 88.50 27.24 106.00 69.95 - - Genesys [5] 174.60 165.90 167.00 171.95 165.90 19.67 188.65 27.40 - 163.80GenInsurCor [5] 184.90 183.25 185.00 185.35 181.80 411.94 243.70 116.00 17 182.95GenricEngCon 52.90 51.25 50.45 58.00 50.00 577.87 68.00 41.10 - - Genus P&B [1] 12.45 12.25 12.45 12.60 12.00 504.47 14.73 4.54 - 12.27Genus Pwr [1] 71.35 70.80 70.40 72.50 70.30 883.87 77.00 20.55 36 70.85GeojitFinSer 96.75 95.65 94.75 101.00 93.20 3178.10 102.70 33.95 - - GEPowerIndia 336.80 331.65 336.90 339.95 330.00 100.03 535.25 177.35 24 331.90GFL 67.60 66.40 67.00 67.80 66.10 141.79 118.00 64.50 - - GHCL 319.70 310.70 316.00 317.40 308.10 218.78 321.90 135.25 9 310.65GIC Hsg 185.80 181.95 184.70 187.15 181.50 353.04 197.35 85.00 9 182.00Gillander 62.25 60.35 62.25 62.50 60.00 10.20 64.95 25.45 - 60.60Gillette 6020.45 6083.50 5953.00 6249.00 5953.00 37.11 6730.15 4902.05 60 6079.50Ginni Fil 37.55 41.20 38.90 41.30 37.05 1525.46 41.00 9.41 8 41.00GKW 786.75 749.40 775.80 800.00 741.25 3.76 854.90 400.00 - - GlandPharma 3956.80 3858.60 3877.00 3956.00 3835.00 205.32 3999.90 1700.00 - - Glaxo Phr 1577.35 1607.55 1550.00 1652.00 1548.25 218.58 1805.00 1379.00 58 1606.90Glb.Vect 60.10 58.05 58.55 61.00 57.70 51.22 64.80 36.20 - 58.10Glenmark [1] 687.05 682.55 676.00 690.95 676.00 1858.21 690.60 408.00 12 681.85GlobalEductn 49.10 49.30 51.00 51.00 48.80 7.49 77.50 35.50 - - GM Brew 606.00 597.25 604.00 612.95 590.00 70.41 654.00 366.60 15 597.35GMDC [2] 68.25 68.00 67.10 69.20 67.10 747.41 83.30 40.05 6 68.00GMMPfaude [2] 4644.20 4605.20 4628.00 4667.45 4594.25 24.47 6913.85 3316.00 71 4606.05GMR Inf [1] 31.10 30.25 30.75 30.85 30.1510326.12 33.90 19.70 - 30.20GNA Axles 522.25 503.95 515.00 519.00 501.10 185.82 549.00 170.20 15 504.25GNFC 359.70 362.40 359.00 365.95 358.10 407.54 425.00 157.35 8 362.70GOCL Corp [2] 274.50 271.95 277.95 277.95 269.60 26.06 296.40 152.00 28 271.80Godfrey [2] 1042.90 1044.80 1030.00 1065.50 1026.00 71.99 1110.00 831.85 19 1042.80Godrej Cons [1] 951.10 944.00 949.10 958.45 942.10 613.59 980.80 641.65 79 944.10Godrej Ind [1] 555.50 553.10 552.10 561.15 549.00 145.74 674.35 346.50 - 551.35Godrej Pr [5] 1577.80 1568.95 1565.00 1596.80 1548.05 1095.88 1597.00 821.05 - 1568.30GodrejAgrovt 657.55 654.65 653.00 659.00 642.95 198.64 674.05 440.50 45 654.30Gokaldas [5] 207.00 201.05 205.00 209.95 197.00 317.29 226.00 38.60 33 200.95Gokul Agro [2] 41.15 40.95 40.05 42.25 40.05 178.21 49.75 12.36 16 40.90Gokul Ref [2] 31.65 34.00 31.35 34.25 31.10 581.29 38.70 11.60 - 33.90Goldiam Int 593.65 601.20 581.20 613.70 578.00 231.09 612.85 105.00 44 598.85Golds.Tech 12.75 12.55 13.00 13.00 12.45 27.37 17.41 7.36 - 12.53GoodLuck St [2] 177.20 194.90 176.00 194.90 169.05 1448.15 193.70 34.05 16 193.70GoodyearInd 1276.30 1249.50 1282.00 1284.80 1241.05 99.26 1331.85 896.45 - - GP Petrol [5] 67.30 65.70 66.10 67.90 65.50 77.00 77.60 29.20 19 65.70GPTInfraProj 101.50 98.25 101.50 104.35 96.65 252.59 107.75 25.00 14 98.15Granuels [1] 381.55 377.80 377.90 396.55 372.00 8374.26 438.00 243.80 17 377.70Graphite [2] 667.05 652.90 655.00 666.90 649.85 424.04 815.35 162.95 64 652.00Grasim [2] 1572.30 1558.80 1558.80 1575.60 1544.85 559.81 1581.25 565.10 105 1558.80Gravita [2] 174.30 181.05 173.40 184.00 171.40 1209.89 183.75 41.35 39 181.15GreenlaInd [5] 1323.95 1320.75 1329.95 1350.00 1310.00 2.41 1458.80 585.00 42 1315.50GreenPly [1] 199.25 199.35 197.50 205.25 196.45 406.30 225.00 73.55 42 199.10Grindwel [5] 1305.00 1272.80 1305.00 1326.00 1260.00 56.46 1388.85 470.70 63 1274.45GRP Ltd 948.10 944.00 951.00 968.00 940.00 2.79 1160.60 585.10 77 940.40Grvs.Cot [2] 169.50 166.55 167.00 168.95 165.60 1967.08 184.25 66.00 - 166.55GSFC [2] 114.65 114.65 114.60 116.30 113.00 1656.63 124.70 54.00 11 114.35GSPL 337.30 327.55 336.00 341.00 322.65 775.54 343.00 177.50 20 328.05GSS Info 76.15 79.50 74.80 82.60 73.70 803.82 82.50 20.90 - 79.70GTL 21.85 20.85 21.50 21.85 20.80 879.56 32.55 1.50 5 20.85GTL Infra 3.00 3.15 3.15 3.15 3.15 1139.09 3.67 0.48 - 3.67GTN Text 9.10 9.00 9.00 9.05 9.00 6.02 9.60 4.75 - 8.76GTPLHathway 200.45 184.45 200.45 205.00 180.80 625.66 208.00 74.50 16 184.30Gufic Bio [1] 184.00 179.05 184.00 184.90 178.05 204.47 215.45 76.60 39 179.10Guj.Alk 458.95 468.10 454.90 480.00 452.05 704.00 486.50 304.35 21 468.15Guj.Ind.Pow 91.05 95.05 92.25 97.90 92.10 7445.04 97.95 65.00 8 94.90Guj.Lsg.Fin 2.75 2.65 2.75 2.75 2.65 9.65 3.50 1.77 - 2.79Guj.Pipav 106.40 106.70 106.30 108.90 105.65 658.95 124.15 73.60 24 106.65Guj.Sid.Cem 51.25 51.95 50.50 53.40 50.20 1141.92 56.45 22.55 16 51.75Gujarat Gas [2] 680.60 684.55 678.00 690.00 671.00 783.31 704.30 281.00 37 684.40GujaratFluor 1486.30 1500.05 1491.00 1543.75 1436.30 201.16 1543.75 367.10 - - Gul.Amb.Ex [1] 186.35 183.30 185.00 188.80 181.10 414.12 194.90 73.00 12 183.35Gul.Apl 238.30 235.15 235.30 243.00 233.35 27.71 277.20 159.80 134 235.80Gulf Oil Lub [2] 668.20 665.55 669.90 672.55 664.65 41.30 846.15 565.10 17 665.45
H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HappiestMind 1494.30 1526.10 1460.00 1557.00 1420.00 5195.39 1580.00 307.00 - - Harri.Mal 218.55 216.65 216.00 223.00 214.40 260.22 237.00 80.00 10 216.80Hathway [2] 26.80 26.75 26.65 27.60 26.55 8584.11 57.45 20.50 - 26.80Hatsun Agro [1] 972.05 966.10 972.05 998.95 960.45 45.11 1033.30 459.00 84 965.10HavellsIndia [1] 1077.65 1089.65 1075.00 1108.00 1069.25 3216.45 1237.80 568.40 68 1088.35HBL Pwr [1] 54.05 53.55 53.50 55.45 52.80 1782.27 57.20 14.05 - 53.55HBStockhold 31.30 29.75 32.85 32.85 29.75 50.85 32.85 4.80 - - HCC [1] 13.05 13.00 12.80 13.45 12.75 3887.59 16.33 4.64 - 13.02HCG 239.10 229.90 239.05 241.00 225.85 301.31 250.50 109.65 - 230.25
HCL Info [2] 16.80 16.45 16.90 16.90 16.40 654.00 21.91 6.60 - 16.45HCL Tech [2] 1005.00 1000.20 1005.00 1018.30 992.50 4644.60 1073.55 610.00 31 1000.20HDFC [2] 2536.90 2481.65 2488.00 2497.70 2470.90 2262.33 2895.35 1623.00 37 2482.35HDFC AMC [5] 3094.45 2992.25 3050.00 3050.00 2971.00 758.42 3358.30 2071.00 47 2992.05HDFC Bank [1] 1522.35 1471.00 1487.00 1488.85 1466.0012555.80 1650.00 994.00 25 1470.95HDFCLifeIns 698.00 678.70 696.50 696.50 677.00 2866.93 746.00 556.25 116 678.60HEG 2224.00 2217.10 2205.00 2236.80 2181.00 75.87 2564.00 659.15 - 2216.60Heidelbrg 263.30 263.30 262.95 266.00 260.20 274.69 284.55 171.90 19 263.55HemispherePR 152.60 155.25 151.50 161.00 150.25 3007.46 167.20 54.40 - - HeranbaIndus 724.30 769.00 724.00 775.00 719.00 826.09 945.00 602.10 - - Herc.Hoi [1] 174.10 177.80 172.45 179.55 169.45 274.21 179.65 77.35 72 177.50Herit.Fds [5] 480.05 485.55 480.00 489.60 474.70 124.39 512.45 245.00 16 485.10HeroMoto [2] 2904.70 2887.10 2886.00 2894.40 2870.10 338.47 3628.55 2622.50 20 2887.15Hester Biosc 2486.35 2435.35 2486.00 2511.45 2422.00 15.61 3180.00 1246.00 48 2439.00Hexa Trade [2] 145.50 141.50 144.00 149.90 138.25 58.12 174.95 17.20 - 140.30HGInfraEngg 495.00 494.35 484.00 503.30 484.00 238.49 550.00 150.80 15 494.50Hikal [2] 519.05 555.70 518.00 572.70 514.40 886.08 572.30 122.45 52 556.55HIL 4457.45 4525.45 4445.00 4544.80 4426.75 12.04 5170.00 1154.40 18 4516.50HimadriSpe [1] 54.40 53.40 54.00 54.60 53.15 4604.41 64.00 37.55 48 53.40Himat.Seid [5] 245.25 257.20 252.00 278.30 250.50 2407.27 278.10 56.50 47 257.25Hind.Compo [5] 336.00 333.20 327.20 347.00 327.20 10.00 387.45 160.60 23 333.40Hind.Cop [5] 142.40 140.25 140.10 144.30 139.10 2270.42 196.90 31.45 123 140.25Hind.Media 92.75 93.55 90.75 94.80 90.00 499.21 107.00 44.80 9 93.15Hind.Mot [5] 8.30 8.35 8.45 8.45 8.25 185.95 10.00 4.60 - 8.33Hind.Oil.Ex 119.20 121.95 117.25 123.15 117.05 2236.44 127.40 60.75 43 121.95Hind.Rect [2] 169.45 163.80 169.00 170.20 161.95 32.05 180.20 108.50 51 164.15Hind.Znc [2] 344.10 339.95 345.00 345.00 337.80 767.84 362.40 182.50 19 340.05Hindalco [1] 405.50 396.95 398.00 404.95 396.20 5708.37 428.30 154.40 90 396.95HindconChem 64.35 67.55 64.50 67.55 62.45 113.68 67.55 41.75 - - HindustnAero 1074.75 1082.10 1074.80 1091.00 1068.00 195.21 1423.55 660.00 11 1081.65HisarMetalIn 137.50 142.05 134.70 144.05 134.70 50.96 150.70 52.15 14 141.65HiTech Gr 306.85 316.55 306.85 321.00 302.00 26.43 331.00 95.90 16 316.00Hi-TechPipes 519.95 535.55 517.50 566.70 516.55 106.62 263.55 65.00 72 238.30HLEGlascoat 3464.50 3452.40 3479.25 3515.50 3431.05 3.53 3791.95 1755.00 - - HLV 10.50 10.15 10.25 10.40 10.00 483.49 12.40 4.20 - - HomeFirstFin 573.70 554.80 572.00 572.00 551.80 154.71 640.00 440.00 - - Honda Siel 1230.35 1288.80 1213.25 1370.00 1211.10 103.81 1388.10 902.00 27 1288.95Honey.Aut 43671.15 44045.70 43578.95 44217.35 43133.00 2.60 49805.00 26869.70 8544035.00HOV Services 67.90 71.25 68.00 71.25 68.00 39.03 70.65 28.05 35 70.65HPCL 268.10 272.05 269.75 274.90 268.35 6286.20 312.00 163.30 4 272.00HPLElect&Pow 79.25 83.20 78.90 83.20 76.80 392.49 91.90 26.85 67 83.30HSG&UrbanDev 52.65 51.70 52.20 52.45 51.35 1658.71 58.25 30.00 7 51.65HSIL [2] 247.40 258.55 247.80 267.35 247.80 712.22 267.00 53.15 19 258.55HT Media [2] 26.35 30.50 26.40 31.35 26.15 9132.87 31.50 11.65 - 30.60HuhtamakiInd 313.40 309.15 310.10 313.95 305.45 124.50 352.15 210.20 - - HUL [1] 2417.40 2408.65 2400.05 2417.00 2398.50 463.87 2531.50 2001.00 70 2410.45
I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ibull Hsg [2] 275.55 270.85 273.00 278.80 268.5010581.17 313.50 127.65 12 271.00Ibull Real [2] 143.05 159.30 142.40 162.90 141.0080473.78 170.00 46.35 - 159.40IceMakRefrig 85.75 91.10 85.25 92.90 83.55 167.75 120.20 58.05 - - ICICI Bank [2] 660.30 655.90 645.65 656.90 645.55 9121.74 679.30 334.00 28 656.05ICICILombGIC 1521.45 1489.75 1526.00 1534.15 1483.05 639.32 1625.00 1201.00 46 1489.55ICICISecu 764.35 774.60 757.40 794.90 753.05 2405.45 802.70 376.90 - - ICRA 3560.20 3810.90 3630.00 4070.00 3575.05 183.92 4082.20 2480.00 70 3809.00IDBI 37.80 37.85 37.70 38.20 37.50 6926.79 45.20 26.35 30 37.85Idea Cell 9.45 9.15 9.55 9.90 8.55 748615.18 13.80 7.42 - 9.17IDFC 55.85 53.60 55.30 55.55 53.40 6420.94 60.25 18.30 - 53.60IDFCFirstBnk 54.05 52.60 53.60 53.70 52.3527211.67 69.30 26.00 - - IFB Agro 591.90 590.70 591.90 606.90 585.75 15.42 674.10 266.50 12 591.70IFB Ind 1033.15 1028.00 1036.00 1043.65 1025.15 16.52 1458.10 360.00 74 1028.60IFCI 14.15 13.80 13.95 14.40 13.65 4221.69 16.40 5.64 - 13.83IFGLRefract 406.80 406.80 408.00 413.45 401.00 34.47 433.00 104.50 33 407.15IG Pet 690.55 704.15 687.75 714.50 685.15 149.09 714.00 150.00 11 704.20Igarshi 542.95 529.20 536.70 540.10 522.75 91.30 586.50 241.00 65 528.50IIFLSecurity 120.20 123.30 119.00 126.80 118.10 2934.42 126.80 35.85 - - IIFLWealtMgt 1388.90 1386.35 1370.00 1415.15 1358.00 149.80 1440.00 856.90 - - IMP Pwr 15.35 14.85 15.00 15.40 14.65 74.05 21.15 11.70 - 14.88IMPAL 772.70 767.75 751.60 771.00 751.60 4.45 869.00 473.40 19 793.35IncrediblInd 37.05 39.20 37.00 40.65 36.95 151.65 44.00 15.10 - - Ind Terr [2] 45.50 42.70 45.05 45.35 41.70 547.34 52.35 24.15 - 42.70Ind.Bk.Mer 34.00 34.25 34.30 35.90 34.00 434.13 37.25 6.50 31 34.40Ind.Card 214.20 221.40 214.20 224.00 210.85 49.97 232.00 89.00 - 221.65Ind.Cem 192.05 192.45 191.00 194.70 190.35 1312.41 210.90 107.45 27 192.45Ind.Gly 719.80 714.05 707.05 730.80 707.05 317.21 768.70 222.00 26 712.90Ind.Hume [2] 238.15 231.55 236.40 237.00 228.40 87.19 249.00 153.00 27 231.60Ind.Inv.Tru 72.80 71.35 76.00 76.40 70.30 16.87 87.50 48.30 - 70.75Ind.Metals 632.65 643.10 628.95 648.00 624.70 68.83 669.30 160.10 11 641.45Ind.Nippon [5] 381.15 374.50 384.00 385.00 373.25 30.02 447.30 265.40 21 374.95Ind.Ovr.Bk 25.25 24.65 24.95 25.15 24.5010458.29 29.00 8.80 - 24.65Indian Bk 138.15 139.30 138.15 143.80 137.7512124.64 156.90 53.20 4 139.25Indian Htl [1] 152.85 150.20 151.00 151.55 148.15 1995.72 157.25 76.15 - 150.10IndianEgyEx [1] 412.35 435.95 409.80 444.70 408.5510656.39 444.45 170.60 61 435.95IndianRailTr 2426.65 2424.50 2404.90 2456.00 2385.45 2359.58 2457.40 1290.05 - - IndianRlyFin 23.30 23.35 23.25 23.45 23.15 9181.86 26.70 20.80 - - IndiaPestcid 341.25 343.85 339.00 345.00 338.10 1028.67 368.00 330.05 - - IndigoPaints 2610.30 2595.10 2595.80 2635.00 2566.00 19.17 3329.95 2220.25 - - IndmrtIntmsh 7228.95 7054.30 7165.00 7165.00 7005.30 166.63 9950.00 2060.00 - - Indo Count [2] 207.20 205.95 205.00 214.00 197.70 1702.11 213.80 39.95 16 205.70Indo Wnd 8.10 8.30 8.25 8.40 8.05 308.92 9.14 2.44 - 8.33Indoco Rem [2] 442.60 438.60 442.60 449.00 436.15 155.10 495.00 196.25 44 438.85IndostrCapFn 341.90 349.90 339.00 352.70 337.05 113.84 416.95 238.10 - 349.50Indotech Tr 260.65 249.00 254.50 266.00 247.80 39.32 290.95 78.10 42 248.55Indra.Med 84.50 83.20 83.80 84.80 82.90 413.63 102.55 45.25 - 83.25IndraprsGas [2] 552.60 549.70 552.60 556.00 547.65 1508.02 594.85 364.30 38 549.65IndSwifLab 115.15 121.50 114.00 124.95 113.45 2068.12 125.40 32.60 - 121.15IndusInd BK 1044.30 1015.85 1024.00 1034.70 1005.55 2644.85 1119.20 483.45 28 1015.85IndusTowers 240.90 229.75 237.95 241.50 217.70 4336.84 282.65 162.20 - - INEOS Styro 1425.75 1428.15 1431.70 1455.00 1416.20 17.35 1569.65 483.55 9 1427.70Infibeam Inc [1] 50.00 49.00 49.75 52.60 47.9017925.44 58.45 33.35 - 49.10INFO EDGE (I) 5102.55 5122.75 5100.00 5170.00 5018.00 332.80 5876.05 3011.65 241 5123.10Infomedia 4.60 4.80 4.80 4.80 4.80 2.80 5.17 2.68 - 4.88Infosys [5] 1555.45 1541.70 1544.70 1552.90 1537.55 5669.16 1597.25 892.20 35 1541.80Infrasoft 112.50 118.10 114.95 118.10 114.35 59.37 118.55 59.35 54 118.55Ingersoll 965.05 1026.10 969.00 1033.00 961.05 156.49 1040.55 555.40 45 1025.80Inox Leis 311.65 309.10 311.65 312.00 306.00 177.37 358.55 220.55 - 308.60Inox Wind 106.30 111.65 105.60 114.00 102.55 738.43 116.85 33.95 - 111.30Insectic 740.50 777.35 740.00 794.70 735.00 140.07 807.40 399.00 16 783.85InspirisySol 71.25 67.70 70.75 70.75 67.70 44.05 71.85 24.20 - - IntellecDesi [5] 777.00 774.45 767.90 804.00 760.00 606.33 847.95 122.50 50 774.65IntenseTech [2] 74.60 82.05 75.30 82.05 73.95 336.86 84.40 28.00 18 81.65IntGlobAviat 1809.05 1765.90 1800.00 1800.00 1760.15 526.82 1859.90 873.10 - 1765.35Inventure [1] 3.80 3.55 3.80 3.80 3.5026146.74 4.70 1.45 - 3.59IOC 106.10 105.95 105.75 107.90 105.1011688.58 117.85 71.35 5 105.95IOL Chem 662.35 648.00 657.95 657.95 646.00 350.08 898.40 516.35 9 647.85IPCA Lab [2] 2097.65 2115.90 2091.15 2133.05 2049.25 210.11 2455.55 1715.45 24 2117.90I-PruLifeINS 627.05 626.25 623.00 629.45 618.00 578.32 635.40 397.65 94 626.10IRB Infra 185.20 178.30 184.00 186.20 177.60 2514.20 189.50 97.75 33 178.20IrconIntl 46.25 46.15 46.25 46.45 46.00 1437.96 108.50 45.30 - - IrisClothing 149.25 148.75 147.20 155.85 147.00 12.12 158.50 62.35 - - IsgecHeavyEn 805.30 787.45 802.90 803.40 782.00 117.22 878.35 524.15 - - ITC [1] 207.90 207.75 206.80 209.50 206.3516464.97 239.15 163.40 20 207.80ITD Cem [1] 91.90 92.20 91.05 93.80 88.75 1189.63 97.50 42.00 - 92.20ITDC 395.55 414.00 392.00 421.95 390.85 339.34 463.90 210.00 - 412.70ITI 136.60 133.55 133.95 136.55 132.75 1253.35 151.60 102.20 - 133.50IVP 150.70 149.95 151.00 153.85 147.60 8.81 164.00 37.25 34 149.00IZMO Ltd 87.85 88.40 86.90 91.20 85.00 133.32 95.05 19.60 - 89.00
J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J&K Bk [1] 38.05 37.45 37.85 37.90 37.00 2058.81 44.35 14.10 6 37.40Jagran [2] 66.50 66.35 65.95 67.60 65.55 389.07 71.50 29.55 13 66.30Jags.Phr [5] 168.00 171.00 168.00 175.90 161.95 216.29 187.65 31.50 26 170.80Jai Corp [1] 162.80 167.05 164.45 172.95 163.00 5809.68 172.85 78.20 30 167.00JaiBal.Ind 63.85 63.60 61.25 66.00 61.00 174.05 668.00 81.00 - - Jain Irrg [2] 33.90 34.65 33.30 34.90 33.00 3669.85 36.20 9.53 - 34.60Jamna Au [1] 86.90 85.75 86.25 87.50 85.40 389.54 89.85 28.15 44 85.75JashEngg 584.20 580.80 577.95 590.00 561.10 32.47 628.00 136.00 - - Jay Bhr [5] 219.55 216.65 219.80 222.55 214.80 79.89 269.00 83.50 36 216.15Jay.Agro [5] 242.90 242.15 241.00 251.00 236.00 201.68 251.00 84.10 22 241.25Jayshr Tea [5] 112.85 113.65 111.10 116.45 110.65 440.90 126.45 51.65 6 113.55JB Chem [2] 1892.20 1899.70 1897.80 1929.00 1851.05 240.15 1938.75 711.30 33 1900.75JBM Auro [5] 502.35 523.95 496.95 535.75 493.00 648.28 535.35 180.00 47 524.85JHS Svend 27.05 26.40 26.90 27.30 26.00 253.93 33.30 12.17 - 26.40Jind.Drl [5] 136.25 142.05 135.00 146.70 133.60 644.90 146.50 61.05 45 139.20Jind.Poly 1002.05 996.95 994.00 1006.00 985.15 134.45 1034.00 350.10 6 996.30Jind.Saw [2] 129.05 125.25 127.40 128.60 124.35 1924.58 131.80 54.35 12 125.25Jind.Stl&P [1] 405.95 393.45 400.00 404.55 390.00 9945.72 501.60 159.70 6 393.50Jind.World [1] 76.10 78.25 76.00 81.50 75.00 788.28 90.50 43.50 36 78.15JindStain(H) [2] 230.90 231.85 229.00 235.80 227.80 659.23 235.50 67.00 12 231.05JK Cem 3158.55 3186.40 3158.55 3220.00 3140.00 39.84 3288.15 1397.55 35 3184.95JK Lak.Cem [5] 656.55 659.70 654.75 665.95 653.05 352.25 675.00 243.15 20 659.90JK Paper 219.10 223.15 218.00 234.70 213.25 2599.95 237.25 86.30 12 222.45JK Tyre [2] 144.10 144.80 142.40 146.90 142.20 1239.87 156.50 55.00 15 142.60Jkumar Inf [5] 218.50 217.65 217.00 223.75 214.50 557.16 228.50 84.65 26 217.65JM Fin [1] 111.75 109.65 110.00 114.40 107.15 9097.57 117.55 72.55 60 109.50JMC Proj [2] 123.90 124.10 123.45 124.45 121.50 305.01 127.25 43.10 29 124.40JMT Auto [1] 3.30 3.25 3.30 3.30 3.20 884.61 4.13 2.19 - 3.24Jocil 202.95 203.25 202.00 207.55 200.00 41.04 218.70 139.00 - - JohnCntHita 2281.95 2300.70 2290.00 2334.75 2282.00 34.18 2936.70 2000.00 225 2302.35JP Pwr 5.85 6.10 5.80 6.10 5.7564255.69 6.84 1.63 - 6.10JSL [2] 123.80 124.90 122.95 126.50 122.50 2200.12 129.55 34.00 17 124.90JSW Enr 194.05 196.50 191.50 202.00 189.25 7088.39 202.05 43.70 180 196.40JSW Hld 4701.15 4718.60 4610.00 4731.90 4610.00 0.28 6000.05 1521.05 80 4699.35JSWSteelLtd [1] 703.60 698.40 697.00 712.35 694.00 5377.23 773.00 200.30 20 698.45JTEKTIndia [1] 113.65 114.70 112.50 118.80 112.00 1037.78 122.80 61.05 - 113.15Jub.Food 3145.20 3082.65 3128.00 3128.00 3076.00 264.37 3331.85 1656.40 174 3083.40Jub.Ind 351.85 364.10 349.00 368.00 344.30 106.67 376.00 97.95 - 363.30JubilantPhar 713.80 717.80 717.00 724.50 715.00 312.04 1046.95 634.10 - - JublntIngrev 562.60 566.30 563.00 592.00 557.60 3772.32 611.60 295.50 - - JullundurMot 65.35 66.10 66.00 66.70 64.70 38.09 72.70 22.35 - - JumpNetworks 10.50 11.00 10.95 11.00 10.50 1677.58 105.90 5.00 - - JustDial 1072.70 1018.15 1072.50 1072.50 1010.00 8196.39 1138.00 333.05 50 1017.80Jyo.Lab [1] 176.10 173.90 176.50 177.30 172.60 637.86 187.20 119.25 30 173.85
K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Kabra Ext [5] 207.10 229.10 209.50 234.00 208.00 1995.73 233.80 45.10 30 228.15Kaj.Cera [1] 1003.55 1001.10 1007.80 1008.00 993.60 128.51 1054.15 389.10 53 1000.85Kakt.Cem 252.40 255.65 249.00 259.50 249.00 25.74 319.00 135.70 109 255.70Kalp.Pwr [2] 472.00 473.85 466.80 494.50 463.00 1502.80 494.10 221.25 14 474.55Kaly.Inv 2073.95 2076.65 2090.00 2090.00 2054.55 1.55 2155.00 1210.50 116 2073.85Kaly.Stl [5] 408.10 408.75 406.10 425.00 401.30 310.96 425.00 196.70 9 410.15KalyanJewelr 75.00 72.80 74.95 74.95 72.25 1578.26 89.75 56.30 - - Kamdhenu 180.45 175.15 177.95 184.00 172.70 135.97 185.00 65.40 21 175.75Kanor.Chem [5] 162.50 165.75 164.00 170.60 158.20 85.05 170.30 32.80 - 165.50KanpurPlastc 279.75 281.05 279.70 289.40 270.00 181.67 289.40 96.35 - - Kansai Ner [1] 599.90 600.75 600.00 607.95 596.70 278.50 679.60 416.15 61 600.90Karn.Bk 62.55 61.40 62.40 62.40 61.25 881.84 73.45 39.50 4 61.40Karur vys bk [2] 51.15 50.60 50.80 51.15 50.50 1015.42 64.50 29.35 11 50.65Kaveri Seed [2] 744.75 724.10 734.90 739.00 722.00 131.02 815.85 463.15 14 723.70KAYA Ltd 510.25 497.50 506.00 515.65 495.40 54.19 549.05 192.10 - 495.85KCP [1] 154.70 154.40 152.50 157.90 151.95 395.60 167.35 53.30 13 154.60KCP Sug [1] 27.30 28.45 27.00 28.65 26.50 1743.58 33.40 15.75 - - KEC Intl [2] 417.55 413.65 422.90 423.00 412.10 250.89 486.45 258.25 17 413.75Keertknw&Skl 21.50 21.45 21.95 21.95 21.35 3.07 32.65 20.00 - - KEI Ind [2] 710.95 712.95 708.40 734.05 705.05 593.51 762.55 319.30 23 712.75Kellton Tech [5] 62.50 61.25 61.80 62.35 60.60 983.37 91.95 17.55 54 61.20KennametlInd 1248.35 1258.40 1264.00 1288.00 1232.85 8.20 1440.00 699.25 - - Kesoram In 91.55 91.55 90.75 93.35 89.60 1037.75 99.00 34.10 3 91.45Kewal Clo 922.15 921.20 933.00 946.90 915.00 6.37 1036.00 669.00 58 919.05KeynotFinSer 74.40 77.75 76.20 78.10 72.55 14.89 117.00 31.40 - - KhadimIndia 305.60 295.10 304.50 304.50 288.20 99.52 358.90 100.35 - 295.20Khand.Sec 17.50 18.30 17.45 18.35 17.00 21.62 23.45 7.10 - 18.35KhatnChm&Fer 62.50 67.00 63.20 68.75 62.70 947.05 68.75 18.00 - - Kingfa S&T 1215.50 1186.95 1215.50 1245.00 1180.00 6.55 1321.00 387.50 270 1183.50KIOCL 264.65 263.75 264.45 268.00 262.60 52.57 306.80 98.25 53 263.55Kiri Ind 594.55 585.95 592.00 597.10 582.05 206.56 678.70 405.00 - 586.35Kirl.Ind 1677.80 1696.10 1677.80 1703.90 1653.05 2.77 1975.00 568.00 61 1691.25Kirl.Oil [2] 262.50 266.70 262.80 274.70 260.30 326.75 274.70 94.50 23 267.35KirloskarFer 286.35 290.20 286.00 294.00 286.00 270.60 299.00 72.35 - - Kitex [1] 175.00 190.90 177.00 192.50 176.55 3814.25 224.45 91.75 21 192.25KM Sug [2] 31.35 32.90 30.00 32.90 29.85 993.18 39.15 8.20 12 32.90KNR Con [2] 255.90 262.75 251.00 265.00 249.25 1526.55 264.90 100.10 29 262.55Kokuyo [1] 73.65 72.55 72.80 74.20 72.10 401.28 79.85 50.85 - 72.60KoltePatil 242.05 245.30 240.50 251.00 238.30 1619.19 285.15 132.95 - 245.05Kot.Mah.Bk [5] 1749.50 1722.80 1733.90 1740.00 1712.00 2146.34 2048.95 1231.20 49 1721.55Kothari Pet [5] 42.70 41.70 42.00 42.90 41.45 226.32 0.15 0.05 - - Kothari Pro 118.25 117.95 120.00 120.00 117.05 29.05 137.40 53.00 - 118.25Kothari Sug 37.65 39.70 37.00 40.95 37.00 607.81 15.85 4.45 - - Kpit Tech 266.45 269.25 267.05 278.00 265.35 2634.32 278.00 63.10 - - KPR Mill [5] 1857.80 1837.15 1860.00 1880.00 1822.50 45.37 1902.00 408.25 29 1838.50KRBL [1] 285.45 286.00 288.25 292.55 282.45 855.36 339.60 173.45 12 286.25Krebs Bio 114.45 115.45 114.10 116.00 112.50 13.92 147.90 68.75 - 115.75KrisnaInsMed 1281.50 1297.70 1268.00 1305.00 1257.55 471.82 1325.00 937.55 - - KrisnaPhoscm 111.50 111.30 114.50 114.50 110.75 7.78 130.95 70.00 - - KSB 1078.40 1069.40 1075.00 1089.90 1035.15 28.88 1114.40 427.50 - - KuantumPaper 79.30 78.40 79.20 79.20 76.30 69.17 86.80 37.10 - -
L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .L&T [2] 1618.75 1609.60 1600.00 1639.40 1597.60 3027.09 1638.65 842.50 16 1609.10L&T Fin Hld 94.90 90.55 93.00 94.00 89.9025467.03 113.40 51.71 - 90.50L&TInfotech [1] 4288.60 4379.60 4269.90 4466.75 4220.00 908.38 4600.00 2198.80 39 4381.30L&TTechSer [2] 3396.70 3398.50 3370.00 3477.80 3346.25 589.67 3492.25 1325.00 46 3398.40La Opala [2] 273.90 270.05 270.55 275.30 268.40 65.79 296.10 176.65 60 270.20LakFinIndCor 79.70 80.85 82.85 82.85 80.00 0.68 93.70 45.20 - - Lambodh Te [5] 108.50 105.75 106.60 108.75 105.15 142.03 111.80 25.25 10 105.45LasaSuperGen 84.80 84.20 83.90 86.00 82.90 224.11 100.15 41.30 15 84.30LaurusLabs [2] 668.80 664.60 666.50 674.00 659.15 1546.79 697.75 126.03 37 664.70LaxmiOrgInd 262.35 258.65 259.90 263.60 257.00 1546.54 273.40 143.25 - - LemonTreeHot 42.10 41.85 41.50 42.65 41.20 2753.39 49.45 22.55 - 41.90LG Balakri 464.40 481.40 460.00 489.00 455.30 336.18 499.00 203.35 11 479.30LibasDesigns 71.90 72.10 71.00 73.60 71.00 311.37 76.40 27.25 - - Liberty Sh 182.20 181.85 180.00 186.50 178.10 888.78 186.10 116.50 - 181.80LICHsgFin [2] 468.50 460.75 465.00 466.00 458.00 1527.57 542.35 255.55 8 460.65LikhithaInfr 422.05 409.45 416.00 422.50 408.00 147.14 480.00 133.80 - - Lincoln Phar 368.85 358.60 365.00 366.85 355.00 203.33 380.90 166.60 12 357.90Linde Ind 1639.85 1663.90 1645.00 1694.00 1632.55 82.27 2078.60 621.25 79 1662.90
MUMBAI
BusinessLineTUESDAY • JULY 20 • 2021 IMARKET 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
Precsn.Pipe 255.05 254.80 248.00 261.75 248.00 55.88 296.20 156.50 74 254.25Precsn.Wre [5] 228.90 224.20 225.00 227.25 221.95 26.29 244.90 97.15 13 224.15PremierExplo 212.45 213.40 212.45 217.80 207.00 34.06 226.45 106.75 213.10PremPolyfi�l [5] 71.60 74.05 71.50 74.90 70.00 35.37 51.00 22.50 49.50Pressman [2] 33.75 32.25 33.50 33.50 32.10 95.72 36.70 15.65 14 32.40Prestige Est 329.65 336.50 324.40 348.45 322.00 3879.65 348.35 168.20 47 336.50PRICOL [1] 101.20 99.30 100.30 102.20 99.00 869.59 106.65 32.00 83 99.40Prime.Sec [5] 89.95 94.40 93.90 94.40 91.00 75.74 94.10 37.20 38 94.10PrincPipeFit 711.35 704.35 706.20 711.00 700.00 358.00 794.40 105.00 PrismJohnson 139.30 139.85 138.90 143.00 136.90 520.93 149.35 44.05 34 139.70PriviSpecial 1368.60 1337.60 1385.00 1391.00 1327.00 38.70 1430.00 501.05 PSPProjects 470.95 467.30 470.00 480.00 462.40 321.90 506.00 336.75 20 467.45PTC 103.60 101.80 102.10 103.60 100.60 806.28 110.75 44.70 7 101.95PTC Ind Fin 22.35 21.30 22.00 22.20 20.95 4549.25 24.30 14.28 21.35PTL Ent [2] 52.50 55.20 52.50 58.00 51.10 1167.48 58.05 32.50 8 55.15PudumjeePa [1] 43.80 42.85 43.00 44.30 42.50 435.95 47.30 12.75 8 42.90Pun.Natl.Bk [2] 40.85 40.30 40.50 40.70 40.1031864.82 46.40 26.30 22 40.30Punj.Chem 1425.40 1428.30 1435.00 1448.00 1403.35 27.86 1478.60 421.70 35 1427.75Punj.Mohta 23.85 26.20 24.35 26.20 23.90 314.22 29.03 6.57 26.30Puravankra [5] 112.60 110.10 109.50 114.20 107.80 1197.54 116.65 39.85 110.25PVR 1368.80 1347.90 1364.00 1367.10 1337.55 240.83 1592.00 961.00 1347.90
Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Quess Corp 774.95 790.10 772.00 794.20 756.90 217.65 888.00 324.55 789.40QuickHealTec 308.55 300.10 306.00 312.10 297.05 414.34 317.10 109.95 17 300.35
R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R Sys Intl [1] 174.85 178.50 174.00 179.40 172.75 306.94 179.80 92.90 26 178.40Radico [2] 790.75 828.00 790.00 846.85 781.70 1994.13 846.50 361.00 41 826.65RailTelCorp 146.35 144.10 144.00 146.25 143.50 987.57 189.70 101.00 RailVikasNgm 31.55 31.10 31.40 31.60 31.00 2882.20 35.55 18.05 Rain Ind [2] 232.80 239.75 228.00 243.60 228.00 5867.42 243.55 89.65 239.65Raj TV [5] 52.05 51.10 51.60 52.50 49.55 26.78 68.30 29.15 50.15Raj.Exp [1] 575.85 575.75 575.85 579.95 575.10 254.34 640.00 440.80 171 575.00RajdharshInd 16.15 16.75 16.35 16.90 15.65 2.47 18.50 9.30 RajOilMills 80.25 79.15 81.00 81.05 78.10 13.85 117.80 7.60 Rallis [1] 338.75 333.55 338.00 338.00 331.60 488.43 362.00 232.40 29 333.25Rama News 20.65 20.25 20.50 21.20 19.65 330.77 25.30 11.85 20.15Rama Steel [5] 144.00 137.70 140.50 146.00 136.80 428.03 159.15 25.30 43 138.10Ramco Cem [1] 1126.00 1110.65 1122.95 1122.95 1105.00 214.60 1130.80 643.50 34 1112.15Ramco Ind [1] 289.35 289.90 286.00 296.00 283.00 147.84 326.00 166.50 23 289.75Ramco Sys 667.25 663.65 666.90 682.50 655.00 194.77 784.15 107.15 46 662.65Ramk.Forg 746.65 761.20 752.00 765.50 744.30 168.94 786.00 140.65 87 759.95Rana Sug 32.40 33.95 30.85 34.00 30.80 4279.90 38.30 4.16 6 33.85Rane (M) 413.10 416.50 408.00 428.00 407.00 104.18 496.00 193.00 32 415.80Rane Brk 1069.50 1043.30 1050.00 1084.00 1030.00 20.27 1200.90 514.00 25 1043.25Rane Eng 338.85 342.60 342.85 356.80 335.00 58.15 386.00 183.00 348.95Rane Hld 692.95 700.45 690.00 711.00 676.85 150.60 743.35 392.05 93 700.45Ratnamani [2] 2064.90 2064.25 2073.85 2080.00 2050.00 32.67 2142.65 1010.10 35 2059.65Ravi K Dis 12.95 14.20 13.00 14.20 12.50 333.91 15.37 5.63 14.26RavindrHeigt 22.70 23.10 23.40 23.80 22.50 108.02 35.95 15.05 Raymond 453.30 469.10 465.00 473.60 456.00 2706.60 473.50 233.00 469.40RBL Bank 214.85 209.30 211.00 213.50 208.20 8496.23 274.00 156.00 25 209.30RCF 83.80 82.85 83.15 83.90 82.45 2090.56 100.15 41.80 12 82.85Rcom [5] 3.95 4.10 4.00 4.10 3.9528801.06 5.49 1.31 4.17RECL 151.65 151.40 150.75 154.50 150.40 3795.98 167.75 91.90 4 151.40Redington [2] 326.10 320.15 326.10 328.60 319.05 930.18 358.00 85.50 48 320.15Refex Ref 137.60 136.90 137.00 139.90 136.45 96.75 168.85 42.55 7 137.15Rel Cap 19.90 20.10 19.85 20.50 19.10 3074.84 30.80 7.16 20.10Rel.Ind.Inf 771.55 781.20 766.00 798.00 765.05 394.64 865.65 344.00 153 781.05Relaxo [1] 1159.55 1158.70 1158.00 1171.75 1151.00 109.49 1272.00 578.20 99 1158.95Reliance 2112.40 2098.95 2100.00 2124.00 2092.25 3855.58 2368.80 1830.00 48 2099.10Religare 147.45 149.75 145.00 152.00 143.75 3282.84 156.00 33.70 61 149.35Remsons 252.75 256.40 252.50 261.90 248.05 7.06 313.80 62.60 35 255.15RenaisncGlob 547.30 547.05 552.00 556.00 542.00 34.35 593.00 210.05 Repco Home 379.05 372.65 380.00 380.00 370.10 52.19 429.25 118.10 8 371.55Repro 359.90 362.70 359.80 369.05 355.65 15.29 454.75 325.05 362.00Resp.Ind [1] 138.00 139.05 137.00 140.50 136.05 21.75 205.00 84.60 139.35Revathi 699.65 690.00 699.65 706.60 689.15 3.33 842.25 369.40 18 690.10Rico Auto [1] 51.20 52.30 50.90 54.00 50.30 2433.06 53.95 26.40 52.30RITES 284.70 278.90 281.00 286.40 277.40 373.69 302.95 232.40 16 278.90RKECProjects 103.80 100.60 103.80 104.00 99.05 87.98 117.00 36.55 Rollatainers [1] 3.35 3.20 3.50 3.50 3.2047201.11 5.11 1.84 3.22Rolta 8.20 8.25 7.95 8.45 7.95 854.02 10.12 3.19 8.16RosariBiotec 1167.45 1253.85 1185.00 1270.00 1177.05 1659.75 1348.55 664.00 Rossell [2] 172.20 190.10 170.90 192.40 169.00 1371.90 192.40 69.05 21 189.45RouteMobile 2152.45 2123.70 2104.90 2165.00 2095.00 448.90 2307.00 625.00 Royal Orchd 87.40 87.65 88.35 89.15 86.20 80.93 94.80 55.00 87.25RPG Life [8] 462.00 458.20 462.00 467.40 457.00 22.61 509.35 294.50 19 458.40RPP Infra 86.95 96.45 88.40 99.00 87.40 4232.65 99.00 40.20 15 96.50RPSGVentures 638.20 761.05 634.00 765.80 621.10 1161.44 765.80 165.95 RSWM 341.20 363.25 341.65 375.30 341.15 315.79 376.15 68.40 40 363.15Ruby Mills [5] 275.80 281.40 273.90 290.00 271.25 44.52 299.65 140.40 18 281.80Ruch.Paper 97.95 96.15 97.30 98.00 94.00 109.42 105.60 43.00 47 96.10RuchiSoyaInd 1123.55 1117.00 1119.00 1138.00 1101.00 37.88 1376.70 575.00 RudrabhshEnt 238.80 238.90 238.00 242.95 233.50 46.94 280.00 97.05 Rupa [1] 480.25 478.85 481.00 482.00 475.55 214.38 519.95 150.05 21 478.85
S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S H Kelkar 167.95 169.30 165.55 171.00 165.55 214.09 189.80 68.20 30 169.35Sadbhav [1] 79.30 77.05 78.10 79.00 76.55 989.81 96.30 37.00 22 76.90SadbhavInf 34.70 34.30 34.45 35.50 33.30 1734.18 41.50 14.90 34.30SafariIndia 763.40 751.45 766.90 766.90 741.35 16.52 842.45 323.90 Sagar Cem 1115.15 1127.45 1113.00 1138.45 1100.75 36.16 1195.00 387.25 16 1126.35SAIL 127.20 126.65 125.90 129.30 124.6555149.62 151.10 32.65 14 126.65SakarHealth 175.90 173.65 175.90 178.75 172.80 55.34 191.00 51.70 Saksoft 685.80 684.55 684.55 699.90 669.00 62.11 734.35 203.05 38 685.20Sakuma [1] 14.00 13.65 14.00 14.35 13.30 1489.60 14.68 4.25 13.66SalasarTech 340.10 337.05 340.10 344.00 335.55 32.81 370.75 76.48 33 337.20SalonaCot 183.90 197.90 177.10 203.75 177.10 248.89 203.75 42.20 17 199.75Salzer Elec 177.15 180.00 175.80 184.75 173.00 344.62 187.00 80.00 14 179.40Sandesh 920.85 966.55 932.00 1074.00 932.00 83.55 1079.00 450.65 8 969.90SandharTech 293.65 304.70 297.95 317.05 295.05 359.40 317.00 175.00 28 304.60Sangam 133.45 140.10 137.80 140.10 134.45 79.08 152.80 45.10 113 139.55Sangh.Mov [2] 205.20 193.90 204.30 209.00 189.00 335.65 229.85 62.40 194.40Sanghi Ind 60.05 60.25 58.90 62.25 58.65 1992.64 63.00 20.65 19 60.20SanginitChem 29.95 31.40 31.40 31.40 31.40 226.77 92.00 18.00 Sanofi� 7961.30 7965.15 7989.00 8119.95 7942.00 17.05 8999.00 7427.75 34 7968.40Sarla Perf [1] 41.65 42.90 40.85 44.30 40.85 422.61 45.35 15.55 16 42.80Sasken 1301.90 1399.80 1293.90 1428.00 1290.00 226.11 1428.90 471.00 20 1402.30SatiaIndus 106.95 108.30 105.00 110.20 105.00 736.16 143.00 73.00 Satin Credit 93.75 93.90 93.75 96.00 92.65 403.87 112.65 50.85 93.95Savita 1495.40 1482.50 1476.30 1495.00 1465.10 43.15 1550.00 629.00 9 1483.60SBI [1] 430.00 427.90 423.40 429.45 418.8514426.69 442.00 175.55 19 427.70SBICards&Pay 990.00 972.65 981.00 983.70 971.00 957.35 1139.50 720.90 SBILifeInsur 1050.25 1037.85 1044.90 1050.25 1027.30 643.56 1060.40 755.55 71 1036.15Schaefl�erInd 5402.45 5456.85 5360.25 5505.00 5320.35 4.59 5745.00 3437.00 48 5443.40SChand&Co [5] 140.25 142.20 138.40 147.10 136.80 432.64 146.90 45.30 142.30Schneider [2] 129.25 128.25 128.00 131.05 127.20 752.01 141.00 68.45 128.35SCI 111.95 115.80 110.90 118.00 110.30 7925.09 134.60 49.80 9 115.60Seamec 472.35 472.75 477.50 477.50 468.75 9.92 548.00 373.00 30 472.55SecureludTec 86.35 88.35 86.50 88.95 86.05 32.45 102.80 76.05 SecuriIntSvc [5] 507.10 504.20 500.00 515.00 495.50 412.74 529.00 313.65 131 506.30Selan Exp 153.65 149.05 152.00 155.80 148.35 75.05 180.05 98.00 36 149.15Sequent Sc [2] 303.45 312.70 295.25 319.15 295.25 4667.47 336.40 103.35 228 312.80Sesh.Paper [2] 216.50 211.55 213.00 216.95 210.10 186.57 230.00 126.00 13 212.55SetcoAuto [2] 21.60 22.05 21.85 22.50 21.25 365.89 25.20 8.25 22.10SeyaIndus 69.65 76.45 69.45 76.60 68.00 476.73 90.80 47.50 Shakt.Pump 850.00 859.80 843.00 876.00 840.00 273.67 910.00 162.45 26 860.70Shal.Paints [2] 112.70 111.40 111.00 114.35 111.00 238.78 126.00 56.85 111.40SHALBY 191.15 196.35 187.15 201.00 187.15 327.75 211.25 70.00 50 196.50ShankarBldg 527.50 538.90 521.00 569.30 521.00 825.31 569.00 280.00 126 539.25Shanthi Grs [1] 148.70 148.80 145.20 150.70 145.20 36.69 162.15 77.20 57 148.80ShardaCropch 359.60 356.80 363.00 363.00 355.40 82.13 387.05 230.75 16 357.00ShareIndSec 538.15 520.65 543.00 546.10 507.00 240.47 548.70 92.20 SheelaFoam [5] 2366.55 2370.85 2366.55 2391.55 2345.00 6.97 2493.90 1225.00 64 2375.35
Shilpa Med [1] 605.05 628.30 605.05 640.00 594.65 1097.19 692.45 317.05 35 627.05Shiv.Global 14.95 14.75 15.20 15.20 14.70 92.47 16.48 6.05 14.73ShivalikBimt 127.55 131.65 127.90 132.95 124.70 67.10 140.80 115.10 ShivaMills 90.80 90.40 92.00 92.95 88.45 25.33 97.90 20.00 9 90.90ShivaTaxyarn 189.35 197.20 190.00 198.50 186.65 32.63 213.60 74.60 21 195.95Shop.Stop [5] 247.20 251.60 244.80 254.00 242.85 231.75 270.15 139.63 250.80Shr.CU.Fin 1764.10 1764.95 1799.00 1806.55 1756.30 8.93 1961.95 645.25 12 1762.45Shr.EPC 5.30 5.45 5.30 5.55 5.05 2804.05 7.00 3.31 5.42Shr.RamMul [5] 12.50 12.90 12.70 13.10 12.30 86.70 18.01 4.75 12.83Shr.Tr.Fin 1449.35 1389.85 1425.00 1440.00 1381.90 1704.67 1534.90 555.90 15 1389.95ShradInfProj 57.35 56.35 59.70 59.70 53.70 7.43 76.75 35.55 Shre PushChe 180.90 184.55 180.80 186.00 180.25 142.11 208.00 91.95 25 184.45ShreDigvjCem 87.45 87.75 86.00 89.90 86.00 498.90 93.85 42.75 ShreeCement 28096.15 27996.85 28050.00 28108.10 27817.10 24.45 32050.00 18214.40 4428039.05Shreyans 116.10 113.95 113.35 118.45 113.05 55.80 129.30 67.70 18 114.05Shreyas 197.95 207.80 194.45 207.80 189.55 214.81 229.00 46.10 13 207.65ShyamCent [1] 15.40 16.90 16.60 16.90 16.10 1033.68 16.98 2.96 16.98ShyamMetalic 413.30 430.20 414.85 435.30 413.00 3215.21 435.30 361.10 Sical Log 14.20 14.90 14.25 14.90 13.55 1329.17 21.98 8.60 15.02Siemens [2] 2013.30 1973.35 2008.60 2008.60 1967.10 331.69 2176.75 1119.40 75 1973.90SignetIndus 51.60 51.50 52.25 52.85 50.95 37.32 59.55 17.00 SIL Inv 326.05 340.70 312.55 355.30 312.55 44.36 358.00 131.10 21 340.80SilgoRetail 44.45 42.65 43.05 43.80 42.10 198.60 66.70 36.85 Simp.Inf [2] 50.65 51.45 50.90 52.00 49.35 220.26 56.05 27.00 51.45SintercomInd 79.20 78.45 79.20 79.20 77.15 21.67 99.45 61.20 SircPaintInd 344.50 348.75 345.75 358.80 344.95 145.74 384.00 209.10 Siyaram [2] 410.45 417.60 410.45 425.00 410.45 166.90 454.40 126.80 387 419.40SJVN 27.95 27.70 27.90 28.15 27.60 2095.11 30.80 20.40 6 27.70SKF India 2569.05 2560.25 2563.00 2594.50 2525.00 29.81 2758.75 1428.70 43 2561.65Skipper [1] 87.80 92.35 87.00 95.55 87.00 2620.43 96.50 33.75 45 92.25SKM Egg 90.00 89.60 89.50 91.40 88.10 176.18 98.45 32.20 15 89.60Smartlink [2] 126.45 124.95 125.70 128.45 123.10 72.18 133.80 63.55 25 124.90SMCGloblSecu 99.70 101.35 99.00 104.75 98.45 3592.60 104.75 65.80 SML Isuzu 605.30 590.20 596.00 608.60 588.00 97.68 697.20 365.10 593.40SMS Phr [1] 182.15 189.80 180.15 191.60 180.15 938.08 191.25 67.55 26 190.25SMSLifeScien 751.05 730.95 748.00 748.00 721.90 15.35 885.65 325.00 SnowmanLogi 53.00 51.85 52.00 52.90 51.30 2584.64 71.25 28.80 51.85Sobha 658.30 620.65 645.00 656.00 615.35 889.25 687.75 209.70 90 621.15Solar Ind [2] 1630.50 1601.80 1600.00 1620.00 1570.30 56.07 1706.25 925.00 77 1600.50SolarActPhSc 1666.85 1668.25 1650.00 1683.85 1650.00 34.94 1859.95 635.10 SomiConveyor 60.65 59.55 58.10 61.70 58.10 16.47 66.30 14.30 40 59.85SonaBLWPrecn 401.50 393.80 399.50 404.95 388.00 1220.44 427.00 295.00 Sonata [1] 782.05 791.15 782.00 795.00 771.05 138.31 812.70 235.70 46 790.70SorilInfrRes 141.45 140.80 141.00 144.00 139.00 41.09 227.35 45.30 59 140.35South In Bk [1] 12.45 12.35 12.40 12.65 12.3013595.64 13.95 6.12 12.37SouthWestPin 53.05 54.30 53.50 56.85 52.00 199.83 59.00 22.60 SpandnaSphor 688.35 676.90 694.80 695.00 674.00 73.39 830.00 479.80 SPApparels 305.45 305.65 302.90 320.00 295.95 186.35 330.00 62.00 20 305.40Spec.Rest 72.10 69.10 70.70 72.50 68.10 264.78 76.00 28.00 68.60SpencersRetl 98.35 93.55 96.00 98.05 93.10 1495.52 99.70 65.70 SPIC 66.35 64.50 65.35 66.70 64.00 1692.02 68.45 16.55 25 64.50Spicejet 78.70 77.55 78.45 78.70 77.10 2958.69 108.00 45.35 SPL Ind 50.85 51.40 50.60 52.45 50.50 119.08 57.85 23.00 11 51.45Sr.Leathrs 189.35 189.60 188.00 192.35 185.00 11.11 233.95 116.05 39 188.90Sr.Ray.HHP 337.45 323.00 330.50 339.80 317.95 46.08 370.00 145.05 9 323.00SREI Infr 12.90 12.65 12.60 12.85 12.60 1594.94 18.39 5.01 4 12.65SRF 7761.85 7844.30 7749.80 7874.85 7656.45 138.36 7874.35 3723.90 50 7838.55SrikalahPipe 222.55 218.65 220.05 224.80 216.25 150.31 236.90 109.50 10 218.45StampedeCap 2.25 2.35 2.15 2.35 2.15 308.90 2.95 1.20 Star Pap 160.90 160.45 158.60 163.50 157.20 169.24 181.60 85.00 14 160.30StarCement [1] 108.50 112.20 108.00 113.10 108.00 853.39 117.90 80.00 25 111.90STC India 113.80 112.80 112.80 115.65 111.65 84.95 138.75 45.00 112.85Steel Strp 1212.55 1271.50 1216.85 1295.75 1216.00 84.22 1350.00 393.30 14 1275.00SteelCitySec 69.20 83.00 78.05 83.00 72.00 1406.48 83.00 25.45 SteelExIndia 69.55 68.50 69.50 69.65 68.05 133.49 75.25 30.30 Stel Hld [1] 109.15 114.15 107.60 116.50 107.60 93.86 NA NA Ster.Tool [2] 202.25 203.35 201.90 208.00 200.25 125.94 233.00 160.00 28 203.15Sterlg&Wilsn 282.25 275.30 279.00 282.95 274.10 841.94 343.80 183.50 SterliteTech 300.40 299.45 298.40 301.65 296.50 404.72 305.00 115.50 StoveKraft 753.15 731.80 748.95 753.00 730.00 463.76 813.90 406.10 Str.Arcolab 789.75 785.00 783.20 792.45 778.60 173.34 1000.00 406.80 90 784.25SUBEX 68.70 67.70 68.40 69.70 66.7010772.81 74.40 17.75 Subros [2] 333.10 324.60 334.00 334.00 321.90 45.79 363.40 163.05 45 325.45Sud.Chem [2] 751.25 749.50 749.50 756.95 745.15 102.86 791.95 382.05 41 749.15Sumit.Sec 657.80 655.15 656.00 665.00 647.80 6.02 771.00 330.20 82 656.15SumitomoChem 437.45 436.20 437.45 451.95 431.30 689.29 458.00 258.00 SumitWoods 18.45 20.70 17.10 21.80 17.10 1544.52 21.85 7.45 Sun Pharma [1] 688.60 689.25 678.05 691.50 678.05 1940.88 721.90 452.60 74 689.00Sun Phr Adv [1] 247.55 245.30 244.50 247.85 242.00 827.83 264.85 141.00 244.95Sun TV [5] 533.80 538.85 530.60 545.90 530.00 1902.49 570.90 372.35 14 538.80Sund.Brak 439.75 437.60 433.50 454.90 433.50 8.21 480.05 185.00 29 446.45Sund.Clay [5] 3884.10 3881.85 3874.40 4099.00 3821.50 43.53 4244.95 1535.00 93 3885.50Sund.Fast [1] 789.45 780.90 789.00 798.95 777.25 33.59 867.05 383.75 50 779.80Sund.Fin 2652.70 2643.40 2652.70 2660.00 2615.35 11.36 2883.95 1213.20 36 2648.35SundarFinHol 80.45 78.80 79.00 83.25 77.75 726.89 91.50 46.10 Sunfl�ag 82.55 82.20 81.65 84.40 81.10 719.34 92.75 36.20 11 82.25Sunteck [1] 366.90 367.30 362.00 373.85 360.30 1204.79 393.95 164.40 125 367.45Superhouse 163.55 163.00 162.70 166.00 161.00 36.75 181.85 77.00 9 163.05Supr.Ind [2] 2129.05 2108.95 2122.00 2128.80 2062.95 117.36 2338.45 1130.00 34 2109.70Suprajit [1] 316.65 312.55 309.90 316.60 308.20 179.01 324.60 147.00 31 312.50Surana Solar [5] 13.20 13.85 13.45 13.85 13.40 259.93 14.68 6.31 13.78Surana Tel [1] 7.05 7.35 7.25 7.40 7.00 250.22 8.38 3.42 7.35Surya Rosh 537.15 535.45 533.00 543.00 528.95 67.81 568.05 112.15 19 536.20SuryodaySFB 210.75 216.15 210.00 225.50 207.90 584.50 296.35 207.90 Sutlej Te [1] 74.50 75.20 77.50 81.20 74.10 3302.61 81.05 17.75 75.20SuumayaLife 518.60 544.50 544.50 544.50 517.00 224.79 736.85 62.25 Suven Lif [1] 90.70 88.85 90.00 90.55 88.70 305.43 115.80 36.15 88.95SuvenPharma 464.65 463.05 464.90 468.85 457.05 393.09 825.00 291.60 SuvidaInfSvc 25.15 25.35 25.00 26.00 24.90 104.36 59.65 19.75 Suzlon [2] 7.95 7.70 7.80 7.95 7.6541795.05 9.45 2.71 7.72SVP GlobalVen 109.80 108.30 106.60 113.00 106.00 175.02 114.40 101.20 Swan Ener [1] 141.90 147.60 140.90 149.50 140.15 313.39 164.70 108.20 147.80Swaraj Eng 1773.00 1770.50 1765.00 1825.00 1756.15 121.33 1989.90 1254.95 18 1770.30Swle. Ener 264.95 255.10 264.50 264.50 251.25 44.62 280.00 95.00 22 255.05Symphony [2] 1072.30 1083.45 1071.00 1129.40 1065.00 488.58 1529.65 803.05 68 1085.30Syngene Int 668.15 670.00 657.00 678.35 651.20 878.62 699.95 406.70 71 669.10
T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tainwala 81.10 83.95 85.00 85.00 79.45 31.11 93.45 42.75 83.25Taj GVK [2] 136.05 135.40 136.00 136.60 133.80 201.48 158.25 102.20 135.10Take Sol [1] 64.95 63.35 64.45 64.60 63.00 1302.86 74.65 38.35 63.35Talbros 314.35 316.65 314.35 326.35 314.00 87.98 336.95 79.00 19 317.65Tarmat 78.35 89.90 83.10 93.30 80.65 2055.58 93.35 26.15 24 89.55TastyBiteEat 18827.05 18902.75 18848.80 19063.15 18700.00 2.58 21470.50 9949.95 124 18871.15Tata Chem 781.00 779.65 778.00 795.50 769.05 2775.61 834.00 273.55 45 779.45Tata Cof [1] 190.25 189.10 190.40 191.40 187.50 1419.79 198.30 78.85 43 189.20Tata Com 1361.15 1385.45 1360.80 1399.75 1355.00 292.13 1436.95 613.00 43 1382.35Tata Elxsi 4302.65 4223.35 4303.00 4347.35 4211.00 245.69 4572.75 893.65 64 4222.70Tata Inv 1164.60 1150.60 1169.00 1175.70 1145.30 30.46 1195.00 725.00 54 1148.85Tata M DVR [2] 144.65 141.75 143.90 144.45 140.60 1673.41 169.65 36.90 141.75Tata Metlk 1273.35 1272.60 1258.00 1298.55 1257.35 473.66 1374.00 462.00 12 1272.25Tata Motors [2] 311.25 308.85 308.95 310.30 306.0021346.35 360.65 101.35 308.70Tata Steel 1278.45 1266.40 1259.00 1290.90 1253.70 8904.63 1290.85 342.75 14 1266.30TataConsumPr 763.00 765.55 761.00 770.00 758.55 1695.55 786.85 402.35 TataPower [1] 124.15 125.80 126.25 128.45 124.6065614.16 132.50 47.25 42 125.75TataSteelBSL 89.50 89.00 88.90 91.00 88.70 2829.41 109.70 19.10 TCI Devl 387.80 384.75 395.60 395.60 378.00 8.23 549.00 255.10 384.50TCI Express [2] 1576.95 1590.50 1584.90 1619.00 1570.85 92.42 1634.00 654.90 62 1588.45TCI Fin 5.50 5.70 5.55 5.90 5.55 5.00 7.39 3.80 5.77TCNSClothing 595.25 590.30 595.25 596.40 587.00 23.66 652.40 323.15 TCPLPackage 528.55 527.60 528.55 539.75 514.00 10.57 574.00 262.00 TCS [1] 3194.80 3184.60 3180.00 3199.80 3176.00 1597.06 3399.00 2125.85 35 3184.40TD Power 211.55 203.20 211.00 211.35 201.40 94.68 233.85 97.50 36 203.90TeamleaseSvc 3856.95 3884.50 3860.00 3945.50 3814.30 13.02 4064.95 1750.00 79 3872.35TechMahind [5] 1103.15 1094.20 1088.00 1110.45 1086.10 1409.00 1119.60 590.30 25 1094.25Technocr 628.15 629.65 607.00 653.00 607.00 70.29 660.25 214.40 17 628.90
TechnoEle&En 310.65 309.15 312.95 312.95 305.00 83.65 354.00 172.55 TeraSoftware 78.95 81.55 78.00 84.75 75.10 910.62 85.00 23.55 81.60Tex.Infra [1] 66.20 65.95 65.50 67.25 65.15 52.43 83.75 31.00 66.45Tex.Pipe 52.10 51.45 53.10 53.10 50.80 205.41 65.85 10.60 13 51.55Tex.Rail [1] 38.45 37.50 37.90 38.40 37.15 982.10 41.85 22.65 37.40Thanga.Jwl 835.95 831.40 831.00 835.00 824.90 15.89 950.40 247.05 13 830.90TheAnupEngg 970.95 995.95 972.70 1032.70 970.00 316.57 1032.70 448.00 TheGrobTeaCo 1236.70 1236.15 1289.00 1290.00 1216.45 0.76 1434.75 361.50 TheInvstTrst 111.00 108.85 112.85 112.85 108.10 17.10 174.35 83.00 Themis 872.85 870.00 870.00 889.10 837.95 36.97 907.15 271.70 30 867.75TheNewInd [5] 164.70 164.10 164.40 166.80 163.00 350.68 197.00 99.55 17 163.95Thermax [2] 1427.45 1394.55 1416.00 1428.65 1372.00 23.76 1569.70 705.90 78 1396.10Thiru.Chem [1] 167.65 174.10 168.90 175.00 163.15 3366.57 174.90 52.40 15 174.05Thom.Cook [1] 62.45 61.05 62.00 62.70 60.75 681.65 71.50 25.20 61.10ThyrocareTec 1320.30 1316.95 1319.00 1328.10 1311.20 158.65 1465.90 585.65 61 1316.80Tijaria 8.90 8.75 8.90 8.90 8.55 20.98 10.74 4.96 8.65Tilakngr Ind 43.35 44.60 43.35 46.45 42.85 813.78 49.20 15.10 44.75Time Gty 54.20 56.90 54.00 56.90 53.65 16.19 64.45 19.75 8 56.75Time Tech [1] 83.60 83.75 83.20 84.30 82.50 372.13 94.50 35.25 37 83.80Timken 1526.50 1503.80 1525.00 1530.05 1498.00 25.89 1665.00 930.00 79 1504.00Tinplate 249.05 243.15 247.90 249.65 241.35 887.88 262.55 118.00 15 243.35Tita.Wag [2] 73.70 71.35 72.70 73.35 71.05 648.27 77.10 38.00 18 71.40TitanCompa [1] 1695.35 1680.35 1694.35 1709.25 1674.90 831.26 1800.00 956.30 153 1680.55TN News 150.60 150.85 150.60 153.45 150.00 149.22 182.80 98.45 150.60TN Petro 121.85 122.40 121.60 124.95 120.00 778.82 127.30 33.15 11 122.30Tokyo Pl 110.95 111.80 109.00 117.80 109.00 71.58 117.95 48.00 111.70Tor.Pwr 480.50 481.10 476.00 482.70 474.00 677.47 508.85 293.05 18 481.10TorrentPhar [5] 2990.75 2969.20 2985.00 3003.50 2954.50 94.99 3084.85 2232.00 45 2970.55TotalTranspt 57.70 64.70 54.50 66.00 54.10 942.50 84.05 25.90 Tou.Fin.Cor 76.40 80.00 76.50 81.75 75.40 2188.82 83.30 30.60 8 79.90TouchwoodEnt 105.80 108.30 107.00 110.00 105.00 33.29 120.70 38.20 TPL Plastech 260.35 277.15 256.90 280.00 253.20 91.32 296.75 97.05 27 277.75Trans.Corp [2] 400.70 411.65 400.70 417.45 395.10 1116.81 510.00 160.40 22 411.35TrejharaSolu 61.15 60.10 62.45 62.45 59.50 38.59 68.95 8.35 Trent [1] 879.90 870.00 877.90 879.00 860.00 759.17 947.65 540.00 869.45Trib Bhimji 81.50 81.85 81.25 82.60 80.15 232.35 96.40 28.65 13 81.80Trident [1] 17.70 17.65 17.55 18.05 17.5013924.69 19.37 5.90 17.65Trigyn 148.95 158.60 151.95 163.55 145.25 1211.26 163.00 29.80 158.70TRIL [1] 33.50 33.35 33.45 34.30 32.55 330.26 37.25 8.50 33.30Triv.Eng [1] 191.10 193.60 190.00 198.95 188.90 731.64 209.00 53.00 16 193.00Triv.Tur [1] 135.55 131.70 134.00 134.95 131.25 261.21 136.00 61.25 42 131.65TTK Prst 9244.00 9159.15 9250.00 9329.50 9110.00 2.70 9579.95 5235.10 58 9168.50TTKHealtcare 788.05 808.65 778.90 815.85 774.75 132.53 816.00 401.00 30 808.65TubeInvIndia 1128.70 1104.50 1127.10 1128.15 1101.05 676.12 1450.00 491.20 TV Today [5] 299.95 305.40 305.00 307.00 301.20 160.01 380.00 189.00 14 304.90TV18 Br [2] 41.95 41.40 41.50 42.00 41.05 6564.62 48.95 26.05 41.35TVS Elec 196.85 193.95 195.90 199.00 193.00 43.13 217.00 85.20 193.90TVS Mot [1] 611.65 601.40 609.80 609.80 593.00 2316.95 665.70 385.00 47 601.40TVS Sri 2224.35 2222.90 2224.00 2250.00 2201.25 6.74 2390.00 1324.80 23 2220.80
U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .UB [1] 1447.90 1419.30 1439.95 1447.00 1412.60 184.25 1497.65 898.50 320 1418.80Ucal Fuel 161.85 161.85 158.10 163.95 158.05 34.45 206.10 101.30 10 161.05Uco Bk 14.05 13.85 13.85 14.00 13.80 4385.69 16.30 10.60 13.85Ufl�ex 530.00 529.50 526.00 549.50 526.00 622.78 594.00 249.15 17 530.50UFO Moviez 106.30 108.30 104.80 110.75 103.60 2131.24 110.75 64.80 108.40Ugar Sug [1] 34.00 35.70 33.65 35.70 33.10 1021.99 40.10 13.10 24 35.70UjivanFinSer 242.10 236.45 237.00 241.55 235.60 645.01 310.85 184.75 236.55UjjivanSFB 30.40 30.05 30.15 30.50 29.90 4178.41 44.60 26.50 UltraTech 7334.55 7312.35 7304.80 7385.00 7245.00 365.11 7384.00 3736.80 39 7312.00UmangDair [5] 84.00 82.10 82.75 83.55 81.80 57.64 93.90 39.50 44 82.00Unichm Lab [2] 336.60 339.80 333.80 345.00 331.95 140.60 374.90 186.25 44 341.20Union Bk 36.60 37.00 36.45 37.15 36.1011785.79 45.25 23.10 9 37.00Uniph.Ent [2] 137.15 134.20 139.45 139.50 132.35 20.02 149.95 54.00 39 134.50United Nil 345.60 350.05 339.00 355.80 339.00 3.24 394.10 240.10 United Spr [2] 667.40 659.95 666.80 677.00 656.60 2325.94 683.00 494.00 118 659.80UnitedDrilng 331.50 353.30 328.00 364.00 328.00 265.62 410.30 234.25 Univ.Cab 194.85 193.80 191.55 198.00 191.55 66.48 217.55 105.70 55 193.90UnivastIndia 53.35 54.30 54.90 54.90 51.70 17.67 62.50 26.50 UniversusImg 298.95 297.95 313.50 313.50 296.00 5.76 354.40 96.20 UPL [2] 837.55 833.25 834.90 849.00 822.30 4744.59 864.75 399.00 280 832.90UrjaGlobal [1] 7.60 7.50 7.65 7.65 7.45 2661.24 9.48 2.15 7.54Usha Mar [1] 55.95 59.55 55.95 60.40 55.35 5592.52 60.75 17.00 18 59.75UTIAMC 879.15 893.50 855.95 907.15 855.95 893.10 919.45 471.10 Utm.G.Stl 5.00 5.25 5.25 5.25 5.25 920.18 11.08 3.56 5.21
V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .V Mart 3285.00 3302.05 3280.00 3346.45 3233.00 29.41 3607.45 1700.00 3306.10V2 Retail 129.25 127.75 128.00 129.70 125.00 38.45 154.80 43.60 127.70VA T Wab [2] 361.50 357.10 356.50 366.00 354.95 228.08 396.20 107.20 30 357.10Vadilal 1026.70 1064.00 1024.00 1095.00 1006.70 73.83 1123.25 500.40 1061.15VadivrSpeChe 239.65 234.65 231.30 243.45 231.30 13.29 263.65 66.20 Vaibhav [2] 794.80 777.90 779.00 792.10 775.10 250.60 1057.70 261.03 271 776.95VaishaliPhar 42.05 41.85 42.10 43.40 41.55 47.42 77.05 28.35 Vakrang [1] 37.70 37.10 37.50 38.20 36.95 2967.74 69.85 24.40 37.15ValiantOrgan 1435.85 1453.85 1437.25 1459.50 1435.00 16.46 3877.00 1121.00 Vard Text 1704.80 1685.50 1692.85 1721.05 1674.00 106.56 1737.60 622.05 28 1681.85Vard.Acry 62.15 62.05 61.60 66.20 61.10 449.52 231.85 111.80 218.65Vard.Hld 3240.75 3255.05 3240.00 3297.00 3105.00 1.90 3810.40 1175.00 69 3260.10Vard.SPC 240.15 239.85 236.00 245.70 232.65 206.60 273.40 54.55 22 240.20VarrocEngg 351.25 350.20 351.05 355.80 347.20 137.73 477.65 186.00 VarunBevera 797.70 776.20 790.00 792.00 765.00 201.79 918.60 430.14 122 777.85Vascon 22.45 22.90 22.20 23.55 22.05 1372.71 26.10 7.98 22.90Vaswani 14.55 14.65 14.75 14.75 14.25 47.19 15.98 4.07 11 14.66VEDANTA [1] 272.50 264.90 269.50 271.15 263.10 5379.47 296.25 91.25 9 264.90Venky's 3423.60 3431.35 3395.00 3520.00 3390.00 65.58 3950.00 1014.35 18 3429.30VenusRem 457.55 461.50 453.00 476.60 443.05 107.49 481.40 56.00 20 461.25VertozAdvtsg 151.95 151.00 153.90 155.90 150.00 382.14 322.00 116.00 Vesuvius 1175.30 1175.20 1186.00 1186.00 1160.95 11.79 1217.05 847.45 47 1177.55Veto Switch 148.90 137.00 148.65 148.65 129.55 790.67 171.85 39.50 16 137.15VGuard [1] 258.90 256.10 262.85 265.40 255.20 1982.94 285.00 159.55 55 256.30VidhiSpclIng [1] 257.70 266.75 254.00 277.00 251.05 140.84 288.00 68.50 36 266.70VikasLifecre 3.80 3.95 3.95 3.95 3.8516247.88 21.00 2.65 VikasPro&Gnt 2.65 2.65 2.60 2.70 2.60 1433.69 3.85 2.00 VikasWSP 5.90 5.85 5.90 6.00 5.70 502.68 8.05 3.65 Vimta Lab [2] 304.00 301.15 303.50 309.00 299.25 98.01 337.80 88.00 31 301.40Vinati Org [1] 1910.15 1977.35 1905.00 1993.50 1905.00 171.40 2130.00 946.80 76 1978.25Vindh.Tel 1339.30 1379.75 1342.95 1410.00 1332.90 74.63 1499.00 620.45 16 1380.40VineetLabs 102.20 107.30 102.00 107.30 100.30 100.19 124.00 61.00 Vinyl Chm [1] 160.00 161.10 158.00 165.70 158.00 190.92 167.40 77.15 26 161.30VIP Ind [2] 406.95 402.35 406.00 414.60 400.00 262.69 436.90 254.85 402.70VIPClothing [2] 20.10 21.05 21.10 21.10 20.60 2556.95 21.20 5.80 21.05Visak.Ind 762.35 769.30 762.70 778.00 747.25 49.95 781.00 241.10 12 769.20VishalFabric 95.75 95.55 97.00 99.50 93.95 1027.61 208.40 40.70 Vishnu Chemi 582.05 611.15 576.05 611.15 575.95 15.18 696.40 125.00 32 609.40VishwarajSug 143.00 146.80 143.95 147.50 141.80 872.71 169.70 80.20 VLS Fin 231.95 233.40 230.00 238.00 223.00 182.27 255.30 50.30 4 233.25Voltamp 1573.30 1559.05 1575.00 1581.95 1550.00 11.64 1686.00 960.00 14 1559.45Voltas [1] 1051.05 1039.05 1044.75 1053.00 1032.00 827.05 1131.20 555.80 60 1039.15VRL Logistic 311.60 304.90 309.65 313.70 303.00 207.87 323.80 140.10 60 304.95VST Ind 3534.00 3527.30 3530.10 3540.15 3500.00 5.52 4048.30 3119.20 18 3526.55VST Til 1988.50 2092.45 1990.00 2152.00 1977.05 71.66 2306.60 1333.45 20 2092.90
W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wabco Ind [5] 7389.25 7410.45 7405.10 7499.70 7297.70 21.22 7870.45 4770.15 135 7400.40Walch.Ind [2] 70.55 70.95 70.00 73.05 68.75 444.43 92.00 43.75 71.00Waterbase 132.35 130.45 131.00 134.90 130.00 277.83 145.90 95.70 Webel SL 70.55 72.50 71.00 73.80 69.00 406.47 78.40 17.00 17 72.70Weizman 63.45 60.30 60.30 60.30 60.30 10.85 70.45 24.25 21 60.50Wels.Corp [5] 152.90 147.70 150.75 151.90 146.65 2358.28 165.00 79.50 4 147.70Wels.India [1] 125.30 132.90 124.95 134.50 123.00 9899.86 134.50 31.25 25 132.85Wels.Inv 472.00 460.95 467.00 470.00 458.05 0.50 587.00 210.00 212 453.10Welspun Ent. 112.50 112.50 111.80 113.80 111.00 326.98 134.90 54.65 16 112.40Wendt 4391.95 4368.15 4391.95 4455.00 4305.00 2.96 4860.05 2395.00 68 4353.95West C Pap [2] 262.20 258.65 261.40 266.70 254.65 181.12 288.35 155.00 258.10WestlifeDevp 531.60 521.55 531.60 531.60 516.75 148.79 569.00 318.05
Wheels Ind 744.65 776.45 755.00 799.00 754.95 271.66 798.00 380.00 277 777.50Whirlpool 2196.25 2174.45 2195.00 2202.00 2164.00 67.33 2777.00 1983.20 83 2173.40Wil.Magor 23.35 22.45 23.35 24.35 22.35 47.85 29.00 14.35 22.60Win.Diamon [2] 35.35 38.85 36.55 38.85 36.55 539.90 44.60 11.40 20 38.90Wipro [2] 577.75 573.80 572.55 584.00 570.0010857.85 589.00 252.00 32 573.60Wockhardt [5] 572.70 580.85 568.65 592.00 566.05 1314.20 804.50 241.20 9 580.20WonderlaHoli 239.85 244.95 239.85 248.80 239.85 135.45 269.90 129.55 244.75WorthPeriprl 108.80 109.35 110.95 113.35 108.50 87.31 119.45 37.85
X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Xchang 96.35 114.80 96.45 115.60 96.4514720.19 115.60 43.05 70 114.90XelpmocD&T 451.05 452.40 441.15 469.00 441.15 48.13 513.00 236.00 Yes Bk [2] 13.40 13.20 13.30 13.35 13.1596849.27 20.83 11.10 13.23Zee Ent [1] 208.95 206.50 208.00 210.40 205.60 4489.54 261.00 134.75 16 206.50Zee Learn [1] 16.10 15.70 15.80 15.95 15.55 1300.67 20.12 9.75 15.70Zee Med [1] 12.70 12.60 12.85 12.85 12.50 1734.12 14.70 4.26 9 12.60Zen Tech. [1] 95.75 94.80 96.30 99.25 93.75 1020.70 106.85 49.75 94.80ZensarTec [2] 377.65 373.35 372.00 391.10 365.20 3287.04 391.15 131.55 29 373.55Zod.Clo 136.90 139.95 134.50 144.65 133.85 259.54 153.80 85.05 139.40ZotaHealthCr 245.50 249.05 240.05 253.00 240.05 44.63 256.80 135.90 Zuari Ag 150.25 148.90 150.00 154.90 147.15 300.74 158.90 72.00 148.70Zuari Glo 158.05 164.75 155.15 165.90 155.15 156.19 177.70 44.00 8 165.20ZydusWel 2262.05 2232.95 2250.00 2270.00 2219.95 29.19 2324.90 1375.90 2234.20
Exchange Traded Funds
Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl
Axis Gold [1] 41.74 41.48 62.42 53.05 38.36 41.47AXISAMC AXISBNKETF 357.51 349.87 1.11 377.18 241.11 AXISAMC AXISBPSETF 10.14 10.14 16.49 10.44 10.07 AXISAMC AXISHCETF 88.64 88.53 7.45 100.00 82.53 AXISAMC AXISNIFTY 165.80 164.61 56.36 1155.00 110.11 AXISAMC AXISTECETF 294.42 295.46 0.94 332.50 250.95 Bank BeEs [1] 360.06 353.80 685.84 379.93 205.99 353.58Birla Gold 4420.00 4392.10 0.16 5400.00 4050.00 4383.00Birla Nifty [100] 176.18 174.58 0.91 5800.00 4061.00 4421.00BIRLASLAMC ABSLBAETF 355.30 349.31 0.56 420.00 193.90 BIRLASLAMC ABSLN50ET 397.55 397.50 0.24 459.40 258.73 ConsConstCon 131.05 130.44 126.20 137.70 86.00 DSPBRAMC QUIDETF 999.99 1000.00 19.09 1020.00 810.90 EDELAMC EBBETF0423 1139.43 1140.15 4.56 1199.00 875.90 EDELAMC EBBETF0425 1048.53 1047.81 4.22 1115.90 925.00 EDELAMC EBBETF0430 1160.32 1159.15 10.05 1200.00 895.00 EDELAMC EBBETF0431 1040.74 1040.92 25.17 1106.00 972.00 EDELAMC EQ30 389.80 385.36 0.56 448.13 300.15 Gold BeEs [1] 41.85 41.62 1838.90 49.50 38.17 41.61Goldmanamc CPSEETF 26.13 26.12 2113.65 27.00 15.70 26.13HangSengBees [1] 352.84 354.77 1.32 382.00 293.65 352.78HDFC Gold [1] 42.90 42.69 288.02 50.89 38.70 42.67HDFCAMC HBANKETF 355.99 350.93 3.35 384.20 200.10 HDFCAmcNift [76] 170.07 168.15 22.31 176.90 112.46 168.20HDFCAmcSens 567.80 565.87 2.05 6300.00 455.00 IBULLSAMC IBMFNIFTY 158.46 156.67 1.18 174.00 110.33 ICICIPRAM BHARATIWIN 40.66 40.60 423.15 40.92 23.46 ICICIPRAMC ICICI500 225.85 224.07 8.55 227.50 141.50 ICICIPRAMC ICICIALPLV 161.79 161.32 5.02 185.00 99.90 ICICIPRAMC ICICIBANKP 184.40 180.54 15.62 218.00 110.00 ICICIPRAMC ICICILIQ 999.99 999.99 12.44 1040.00 984.00 ICICIPRAMC ICICIM150 105.80 105.01 18.14 118.90 58.05 ICICIPRAMC ICICINXT50 39.85 40.03 93.05 45.50 25.70 ICICIPRAMC ICICIPHARM 89.47 89.75 5.06 94.00 82.05 ICICIPRAMC ICICITECH 297.50 296.02 7.90 318.90 158.95 ICICIPRAMC IPRU5008 356.31 349.84 3.31 422.20 192.10 ICICIPRNIFLWVL30ETF 42.78 42.46 270.24 54.10 37.05 ICICIPRNIFLWVL30ETF 96.29 95.99 12.64 109.00 57.40 ICICIPRUDENTIALNV20ETF 86.10 85.42 12.31 97.50 47.15 ICICIPRUDNIFTY100ETF 174.56 173.06 6.83 197.30 101.00 ICICIPRUDNIFTYETF 170.52 168.73 96.19 195.00 102.70 ICICIPRUDSENSEXETF 576.74 569.08 2.69 609.40 381.90 IDBI Gold [100] 4415.50 4410.00 0.12 5800.00 4061.00 4421.00IDFCAMC IDFNIFTYET 166.78 165.85 0.81 178.00 110.00 Infra BeEs 458.72 457.72 1.95 1670.00 1109.00 1638.00InvesIndGold [100] 4339.00 4315.60 0.06 5445.00 3989.50 4325.00InvesInNifty 1721.25 1710.25 0.00 1995.00 1161.05 Kotak Nifty [5] 167.38 165.65 94.53 2048.95 1231.20 1721.55Kotak PSU Bk 241.42 240.43 15.36 264.09 111.90 240.10KOTAKMAMC KOTAKIT 29.80 29.50 24.46 31.48 23.36 KOTAKMAMCKTKBKETF 361.09 354.39 231.43 414.70 206.51 KOTAKMAMCKTNV20ETF 87.50 87.35 8.10 93.30 50.30 Kotal Gold 420.50 419.10 22.55 507.00 368.10 419.39LICNAMC CNFENGP 202.06 203.00 0.18 203.00 108.00 LICNAMC CNFESGP 561.25 560.24 0.07 624.60 353.95 LICNAMC CNFNHGP 163.67 162.65 0.23 185.00 110.75 LICNAMC CNMFET 22.04 21.90 5.76 23.39 20.33 Liquid BeEs [1000] 1000.00 1000.00 1461.05 1009.90 972.35 1000.01MIRAEAMC MAESGETF 27.14 26.88 3.75 31.00 21.75 MIRAEAMC MAFANG 54.44 53.63 546.13 57.50 44.00 MIRAEAMC MAN50ETF 163.92 161.94 4.22 172.20 110.00 MIRAEAMC MANXT50 391.00 388.72 3.28 398.00 223.90 MOTILAL OS MIDC100 ETF 29.16 29.16 132.15 29.65 15.52 MOTILAL OS NASD100 ETF 109.02 107.95 536.44 1143.10 100.66 MOTILAL OSWAL M50 ETF 157.70 156.24 35.68 168.80 105.60 MOTILALAMC G5 48.30 48.40 1.07 57.40 45.89 NI I ETF NIFTY MIDCAP 150 106.72 105.62 129.57 109.80 47.65 NiftyBeEs [1] 171.41 169.77 1366.50 188.32 114.20 169.73NiftyJrBeEs [1] 409.76 408.03 146.40 414.00 269.82 407.96NIIndETFLong 22.49 22.48 7.93 25.00 18.00 NIPETFDivOpp 40.46 40.91 3.47 48.30 26.40 NIPP INDIA ETF NIFTY 100 166.85 165.04 0.80 195.00 96.05 NippnIndNim 104.92 105.15 1.46 123.26 99.91 NippoIndETF 69.29 68.98 12.68 77.00 42.50 NIPPON INDIA ETF NV20 88.49 88.30 8.66 95.10 48.00 NIPPONA NETFPHARMA 14.68 14.72 645.55 17.44 13.37 PSU Bk BeEs [1] 26.95 26.61 497.80 30.41 13.53 26.62Qgold [100] 2077.00 2066.95 0.49 2500.00 1903.10 2065.00Qnifty 1656.00 1646.00 0.02 1670.00 1109.00 1638.00RELCAPAMC NETFGILT5Y 48.26 48.41 0.08 50.00 46.86 RELCAPAMC NETFIT 29.78 29.71 341.80 32.50 16.34 RELCAPAMCNETFSDL26 103.60 103.69 6.62 106.67 101.15 SBIAMC SBIETFIT 297.90 297.36 1.04 323.20 201.20 SBIAMC SBIETFPB 187.89 183.73 2.31 202.95 130.60 SBIAMC SBIETFQLTY 140.78 140.52 1.95 143.00 90.50 SBIAMC SETF10GILT 204.16 204.94 0.08 241.70 181.02 SBIETF Gold 4292.80 4262.55 5.03 5135.75 3935.00 SBIETF NIFTY 50 162.09 160.65 303.64 178.00 107.80 SBIETF NIFTY BANK 357.40 350.43 319.14 386.80 204.00 SBIETFNN50 406.16 404.80 6.28 454.80 250.80 Sharia BeEs 406.11 404.69 0.55 420.00 265.00 401.40TATAAML NETF 195.98 196.89 0.12 196.89 108.00 TATAAML NPBET 187.92 188.08 0.38 219.98 105.53 UTI Gold [1] 41.90 41.65 88.22 56.00 39.21 41.61UTIAMC UTIBANKETF 35.92 35.87 5.53 428.00 26.40 UTIAMC UTINEXT50 40.63 40.76 45.23 435.30 33.00 UTIAMC UTINIFT 1670.00 1647.80 2.08 1726.50 1150.00 UTIAMC UTISENS 552.68 550.94 1.90 597.30 387.74 UTIAMC UTISXN50 45.57 44.81 1.63 426.90 37.10
*: 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 the company.
Qty (No of shares traded) is denoted in thousands. The PE(priceearnings multiple) of each stock isbased on the latest declared earnings.
The PE computation takes into account the per share earnings of each company for the latest 12 months.
BSE Stocks
08Gpg 5.39 5.5011Agg 14.10 13.9611Dpd 5.98 6.5711Dpr 5.00 5.5011Gpg 2.84 3.1211Mpd 7.44 6.7011Mpr 4.55 5.00A.K.Capital 489.80 481.25A.Sarabhai 31.75 31.85Aail [5] 26.35 26.35Aanchalisp 5.61 5.60Aarey Drugs 37.90 37.65Aartisurf 1388.30 1411.00Aayush 30.80 29.50Abansent 158.20 145.95Abc India 92.95 89.00Abhiinfra 4.44 4.30Abm Knowle [5] 141.55 143.95Accel [2] 15.85 15.70Acemen 38.50 38.45Acknit Ind 134.25 135.75Acrycil Ltd. [2] 611.60 603.35Adcindia 269.65 269.85Aditya Ispat 10.25 9.80Aditya Spin. 15.19 14.92Ador Fontec [2] 74.70 73.05Ador Multi. 84.70 83.10Advikca [1] 3.28 3.44Ael [5] 25.90 24.65Afel 20.20 20.90Agiil 124.50 130.70Agol 44.85 42.50Aimco Pesti. 118.10 119.60Ajanta Soya 107.05 105.00Ajcon Global 40.75 40.65Akashdeep 36.90 38.40Alexander 26.40 25.80Alfl� [1] 1.05 1.10Alu Fluoride 252.20 247.90Amal Product 416.75 399.40Amco India L 42.60 42.05Amines&Pla [2] 111.55 109.90Amintan [1] 1.77 1.69Amrawor Agr[1] 0.50 0.48Andhra Petro 154.55 149.00Andrew Yule [2] 30.60 30.25Angelbrkg 1274.45 1356.70Anjani Finl 5.85 5.88Anjani Synt. 28.85 28.90Anjanifoods 246.25 258.55Anmol 173.45 166.05Ansal Build. 78.60 76.60Anubhav 5.42 5.18Anuh Pharm [5] 139.20 137.60Anup 970.20 998.00Anupam 8.70 10.44Anuras 814.30 798.55Apm Indus. [2] 35.45 37.35Apmfi�nvest [2] 40.05 44.05Apollo Fin I 570.60 542.40Apollotri [2] 1462.05 1412.70Aravali Sec. 4.06 4.26Architorg 42.85 43.15Arex Ind. 117.55 123.40Arihant Cap. [5] 174.10 178.00Artefact Pr 43.25 45.55Artemiselc 47.50 46.15Artson Eng [1] 58.60 61.50Arunahtel 23.65 24.83Ashikacr 49.50 49.70Ashirwad Ca [1] 4.73 5.20Ashirwad Stl 13.74 13.50Ashnoor Tex. 30.10 31.60AshokAlco 107.05 112.40Asian Star 912.50 900.10Asian Tea 20.50 21.50Asianene 138.90 138.35Asiil [1] 27.40 27.40Asm Technolo 263.80 250.65Asrl 85.90 88.30Assament 1282.05 1334.90Asso.Alcohol 473.85 471.50Athenaglo 65.55 67.85Atishay 36.35 36.20Atv Projects 11.89 11.35Auro Lab. 179.10 173.70Austin Engg. 66.10 65.15Available Fi 68.45 71.85Avantel Ltd 670.00 682.85Avonmore 38.45 41.95Awhcl [5] 355.40 358.40Axtel Indus. 340.90 344.65B.N.Rathi Se 41.30 41.55B2b Soft. 47.60 49.95Baba Arts [1] 19.60 18.70Bajaj Steel [5] 1396.25 1330.30Bajajhcare 918.15 904.05Balmer La.In 482.80 484.70Baluforge 252.00 255.00Balurghat Te 10.12 9.69Bambino Agro 276.00 278.60Barbeque [5] 909.70 880.40Basant Agro [1] 13.46 13.74Bcc Fuba 18.85 19.79Bclil 263.30 260.20
Bcpl 59.80 57.50Bdh Indus. 146.90 144.10Bectorfood 438.90 452.25Beekay 381.35 378.85Bellacasa 131.80 136.30Benares Hot 1759.95 1737.55Bengal Tea & 56.95 57.95Bengla& Asm 1663.90 1654.80Beryl Drugs 9.88 10.15Bestagro 458.55 461.30Bgjl 19.75 19.20Bhagira.Chem 712.80 717.05Bhagwati Aut 164.50 153.95Bharat Bhush 25.00 25.30Bharat Seats [2] 88.60 88.50Bharatagri 158.15 158.40Bhilwra Tec [1] 15.61 16.39Bihar Sponge 10.56 10.62Bilcare Ltd. 98.15 103.05Binny Ltd. [5] 166.70 163.35Binny Mills 102.85 109.90Birla Pretec [2] 14.80 15.05Birlatyres 28.20 27.90Bkv Industrs [1] 9.70 10.00Bl.Chip Tex 104.90 108.05Bla Ros Ind [1] 196.00 202.20Bmw [1] 38.15 37.55Bnaltd 263.75 263.20Bnk Capital 195.50 193.95Bodhtree 46.20 45.80Bom.Cycle 688.50 700.45Boroltd [1] 223.40 219.60Bplpharma 384.25 375.30Bronze Infra 0.50 0.49Bslsenetfg 490.88 500.28Burgerking 168.60 178.10Camex Ltd 30.00 30.75Cams 3435.10 3446.70Caprihans 161.20 159.85Captain Poly [2] 35.00 35.00Catvision 12.06 12.66Ccl Inter 17.10 17.10Ceejay Finan 105.90 111.10Ceinsystech 158.65 154.65Cenlub Indus 103.15 100.10CgVak Softw 192.70 185.50Chamanlal S[2] 148.70 147.45Chandni Te 51.30 51.50Chandra Prab 88.80 93.20Charterlogis [1] 5.17 5.15Chembond C[5] 236.00 230.80Chemcon 492.30 488.80Cheviot Co. 1397.90 1425.45Choice Int. 132.30 134.00Choksi Imag 29.15 28.60Cianagro 47.60 49.95Cifl� 116.55 114.75Cil Securits 21.60 22.65Clio Infotec 2.52 2.45Coast Corp 303.60 305.50Cochin Min. 147.80 145.90Colinz Labor 21.40 22.45Com Fincap 17.30 18.15Comfort Com 9.99 10.05Comfort Inte 17.20 17.35Competent Au 197.20 193.25Comsyn 144.00 143.90Conart Eng. 40.85 41.05Concord 31.20 30.90Cont.Petro [5] 48.40 47.45Coral Lab. 424.15 421.10Corpor Cour 7.27 6.91Cosco India 185.35 190.25Cosmo Ferr. 49.35 50.55Cosyn 37.50 36.95Craftsman [5] 2100.65 2085.55Crane Infra 7.54 7.91Cressanda So[1] 1.61 1.69Crowntours 20.55 21.85Cslfi�nance 384.20 384.55Ctl [1] 6.56 6.68DaiIchi Kar 419.15 406.30Daikaffil Ch 38.70 38.00Danlaw Tech. 291.40 278.20Darjeeling 4.26 4.36Deccangold [1] 31.50 29.95Decipher 37.50 36.90Deep 119.50 125.15Deepak Spinn 259.65 308.65Deepind 93.50 96.80Denis Chem 53.30 52.15Devine Impe 6.72 7.05Dhabriya 66.40 69.55Dhampure Sgr 35.75 37.50Dhan Roto Sp 52.35 52.40Dhanvarsha 782.50 777.50Dharamsi Chm 367.85 364.00Dhindia 24.50 23.65Dhoot I.Fin. 79.95 83.35Dhp India Lt 703.95 723.35Diamines&Chm 293.30 291.65Diana Tea Co [5] 24.25 24.55Disa India 5373.35 5399.00Divya.Granit 66.95 66.10Dodla 601.85 599.05
Dolphin Medi 3.23 3.39Duke Offshor 14.40 14.80Duncaneng 216.15 205.35Duroply 108.35 106.40Dynamic 43.65 44.45Dynamic Ind. 93.75 98.40Easemytrip [2] 434.70 424.70Eastwest [2] 7.91 8.03Ecoreco 81.35 97.60Elango Indus 7.49 7.86Elantas 4112.60 4099.00Eldeco Hous. 3114.75 3218.35Elegant Flor 3.99 4.18Elpro Inter [1] 65.00 63.55Emmessar Bio 45.90 45.10Empire Ind. 907.70 901.05Enkei Wheel [5] 394.20 400.60Epic Energy 4.53 4.75Equitasbnk 65.65 65.75Escort Finan 4.85 4.87Everest Org. 344.40 348.55Evexia 101.85 101.90Facor Alloys [1] 5.98 6.27Fairchemor 1531.90 1568.85Faze Three L 137.55 153.65Faze3auto 103.85 107.35Fermenta [5] 309.95 319.15Fiberwb In 54.30 54.85Filat Fash [5] 2.96 2.85Finkurve [1] 46.65 48.35Fivextrade 1.07 1.02Flex Foods 118.00 115.50Fluidomat 144.45 141.95Fluorochem [1] 1486.00 1501.90Foods & Inns [1] 68.80 69.25Forbes & Co 3003.25 2914.00Force Motr 1541.35 1559.20Fortis Mlr 65.55 65.45Fortune Int. 36.25 38.05Fraser 8.78 8.78Fredun 410.35 408.05Freshtrop Fr 124.95 126.70Frontier Spr 283.95 283.15G.S.Auto Int [5] 13.18 12.53G.V.Films [1] 1.02 1.07Gagan Gases 12.35 11.75Gagan Polyco 2.34 2.33Galaxy Bear. 257.55 264.40Ganesh Benz [1] 86.10 82.65Garmntmntr 122.35 122.35Garnet Const 31.55 32.90Garwa.Marine 6.48 6.80Gayatri Sugr 4.10 4.30Gblil 4.57 4.35Gee Ltd [2] 100.00 96.55Gencon [5] 52.70 51.15Gennex Lab [1] 10.38 10.89Genpharma [1] 9.34 9.44Ggeng [2] 25.80 25.55Ggl 13.90 13.70Ggpl [5] 34.20 33.00Gland [1] 3958.40 3858.75Glittek Gran [5] 2.50 2.62Glosterltd 1218.85 1336.25Gnrl 12.78 12.70Godavari Dru 75.25 77.10Gokak Texti 28.35 27.00Golden Lami [5] 899.20 930.25Golkunda Dia 48.00 48.20Goodricke 280.30 278.50Goodyear (I) 1274.60 1246.95Goyal Asso. [1] 6.02 6.10Gpl 192.90 190.00Grauer& Weil[1] 70.65 68.75Graviss Hosp [2] 17.06 17.91Gravity (I) 4.63 4.40Greencrest 6.27 6.33Grinfra 0.00 1746.80Grm Overseas 820.55 861.55Gstl 66.55 67.30Gtv 20.90 21.80Guj.Craft In 66.00 65.65Guj.Hotels 171.10 175.00Guj.Intrux 121.00 118.05Guj.Themis. [5] 386.30 460.95H.P.Cotton 91.35 88.95H.S.(I) Ltd. 6.69 6.52Haldyn Glass [1] 40.00 40.15Happstmnds [2] 1494.15 1526.75Har.Leather 40.85 42.85Hathway Bhaw 20.95 20.80Hawkins Cook 5939.30 5872.50Haz Mul Pro 17.58 18.45Hb Leas.Pub 3.58 3.75Hbanketf [223] 357.33 351.22Hemiprop 152.65 155.20Heranba 725.60 768.85Hfi�l 18.34 19.10High Energy 2289.20 2403.65Him.Fibres [1] 3.93 4.12Himtek [2] 116.05 118.15Hind Alumin 40.15 39.95Hind Mills 366.05 356.00Hind.Tin Wrk 106.50 114.05Hindhard 228.90 239.55
Hindu.Adhesi 290.90 276.60Hindustn Bio 3.74 3.63Hitechwind 5.13 5.10Hleglas 3462.60 3447.00Homefi�rst [2] 573.00 553.30Icicialplv 162.00 162.80Icicibankn 356.39 350.09Icicibankp 185.07 180.61Icicilovol 130.49 130.71Icicimcap 96.46 95.73Icicinxt50 [1] 39.78 40.09Icicipharm 89.69 89.59Icicisensx 574.50 570.22Icicitech 297.54 296.25Iifl�sec [2] 120.00 123.25Iifl�wam [2] 1381.30 1401.30Inani Marble [2] 34.55 32.20Ind Cem Cap 7.14 7.49Ind.Acrylics 19.75 19.85Ind.Bank Hsg 38.85 39.05Ind.Toners 178.90 182.25Indag Rubber[2] 105.15 104.15India Gelat. 113.65 113.25India Home 51.35 48.85Indiamart 7227.45 7055.20Indian Info. [1] 1.13 1.18Indian Sucro 64.95 68.15Indicap 52.70 50.80Indigopnts 2621.05 2581.50Indo Amines 241.25 253.30Indoboraxc 1642.35 1724.45Indokem Ltd. 50.60 49.45Indrayani Bi 9.21 9.67Indsil Hyd 20.55 20.30Indus.&Prud. 1566.00 1531.15Indxtra 24.08 25.26Infrabees 446.70 459.63Inn.Tech.Pac [1] 20.75 19.85Inno Invest 10.79 10.38Insilco Ltd. 8.01 7.84Int.Conveyor [1] 67.80 65.65Integra Eng [1] 46.60 46.50Integra Tele 47.60 49.95Inter Digi [1] 0.15 0.15Inter St.Fin [1] 2.65 2.77Inter.Combus 237.30 236.45Inter.Travel 84.90 84.55Invest &Prec 219.75 245.25Ion Exchange 2658.15 2568.35Ipl [1] 341.20 343.80Ircon [2] 46.25 46.10Irctc 2427.00 2423.85Irfc 23.25 23.30Isec [5] 765.00 774.10Isgec [1] 804.90 787.15Ishan Dyes 75.30 75.55Ishita Drugs 38.60 40.50Ist Ltd. [5] 576.20 559.60Isw Ltd [1] 2.35 2.24Itl Industrs 165.20 165.20Iwp [2] 46.55 45.95Jagan Lamps 56.70 61.20Jagatjit Ind 79.50 80.15Jaibala Ind 63.85 63.60Jainco Proj. 5.02 5.27Jasch Indust 144.15 139.50Jay Ushin 535.00 560.15Jaykay [1] 44.60 44.60Jayshri Chem 5.11 5.23Jct Ltd [2] 3.10 3.25Jenburkt Ph. 503.45 518.70Jindal Hotl 32.90 32.95Jkagri Gen 863.90 874.80Joindre Capi 30.40 33.40Josts Eng. [5] 546.15 545.35Jstl 90.05 87.15Jtl Infra 514.75 517.60Jublingrea [1] 562.50 563.10Jupiter Info 24.75 24.75Jyoti Ltd. 12.70 13.25Jyoti Resins 793.05 775.95Kabsons Indu 9.40 9.26Kallam [2] 21.63 22.71Kalyankjil 75.10 72.80Kamadgiri 55.75 52.60Kamaholding 9952.4010033.65Kanchi 982.55 1015.05Kanishk St. 24.85 24.00Kanpur Plast 280.00 281.10Kclinfra [2] 4.69 4.92Kcp Sugar In [1] 27.30 28.50Keerthi 138.05 142.00Kennametal 1247.30 1254.30Kerala Ayur 70.35 69.75Key Corp.Ltd 46.90 49.20Kg Denim 51.65 54.20Khaitan Che [1] 62.55 67.05Khoobsurat [1] 0.38 0.37Kic Metaliks [2] 63.70 64.80Kilburn Engg 34.05 35.75Kilpest (I) 618.80 611.65Kimiabl [1] 47.70 50.70Kims 1280.40 1297.85Kinetic Eng. 64.05 66.25Kingsinfra 34.30 33.95
Kiran Vypar 154.65 157.10Kirl.Ferrous [5] 286.50 289.65Kirlosar Pn [2] 385.95 392.80Kisan Mould. 19.25 18.65Kkalpanaind [2] 47.30 46.85Kmc Shil [1] 39.65 39.70Kotaknifty 167.35 165.64Kothari Ferm 80.40 80.90Kpel 84.65 81.85Kpittech 266.15 268.85Kpt [5] 146.40 142.95Krettosys 6.55 6.25Kriti Nutri [1] 43.95 47.80Krrail 29.95 30.00Krypton Ind 18.90 18.75Kuantum [1] 78.05 78.65Kushal [2] 5.02 4.94Lactose(I) 32.25 34.00Ladderup Fin 15.65 18.40Lahoti Over. [2] 26.45 27.05Lakshmi Elec 428.50 440.60Lancer 146.80 150.65Latimmetal 95.20 99.65Lee&Nee Soft 5.10 4.89Lehar 36.00 35.80Lelavoir 52.00 47.25Leshaind [1] 3.27 3.26Likhitha 421.75 409.65Link Pharma 37.05 37.55Lkp Fin 113.65 112.00Lkpsec [2] 15.25 16.55Lloyds Met E [1] 53.60 53.45Lodha 853.50 831.75Loy.Tex Mill 827.75 833.40Loyal 31.70 35.30Ludolow Jute 88.75 87.10Lxchem [2] 262.30 258.40Lykisltd 35.55 37.30Mac Charles 536.70 526.25Machino Plas 143.40 141.00Madhavipl [1] 5.67 5.39Madhus.Ind. [5] 20.15 21.15Madrasfert 32.60 32.05Maesgetf [18] 27.15 26.95Maestros Ele 66.10 66.30Mafang [40] 54.42 53.62Mafatlal Ind 188.95 185.90Magna Electr 182.65 179.90Maha.Rubtech 67.05 65.20Mahepc 167.85 165.25Majestic Aut 166.70 172.90Makers Lab. 203.90 200.15Mallcom 638.00 643.70Man50etf [100] 163.60 161.81Mancredit 60.25 61.60Manorg 783.90 789.25Manvijay [1] 76.80 77.50Manxt50e [275] 387.87 387.00Maruti Infra 33.85 34.25Master Trust [5] 145.80 153.05Maxhealth 268.95 267.10Maximus 103.55 101.70Maxindia 73.45 72.30Mayukh [5] 31.25 31.15Mazdock 260.45 258.10Mcloud 67.25 68.60Medi Caps 46.05 46.35Media Matrix[1] 7.13 7.29Medicamen Bi 600.10 588.45Mehai 53.35 56.45Menon Pisto[1] 28.00 27.90Mescon 15.07 15.47Metal Coatin 39.25 40.65Metroglobl 73.80 75.15Milkfood 362.00 360.80Mishtann [1] 6.70 7.03Mitshi 16.70 16.65Mitsu 252.30 248.15Mkexim 65.10 68.35Mnil 8.66 9.09Mod.Insul. 58.60 56.85Modern Dairi 13.92 14.13Modinatural 159.90 158.35Modison Me [1] 87.75 88.85Modulex 20.85 21.15Monarch 123.45 122.00Morarka Fin. 64.60 67.80Morgan Cru [5] 836.10 831.00Moschip [2] 45.90 43.70Mpl 7.70 7.48Msr India [5] 13.18 13.83Mstc 313.05 306.30Mtartech 1476.75 1527.25Muller & Phi 170.50 179.00Multibase I 276.20 271.25Mys Petro 119.05 116.90Mysticele 3.62 3.79N.G.Ind.Ltd. 49.55 50.15N.R.Agarwal 249.70 242.55Narmada Gel 202.20 198.60Nat Plastic 72.30 69.75Nat.Peroxide 2196.75 2308.10Nat.Plastic 42.90 47.35Nathind 113.35 110.00Natraj Prote 51.05 48.75
Natural Caps 174.65 170.35Navkar Build 29.50 30.95Navketan 2.27 2.38Nazara [4] 1922.60 1919.65Ndrauto 370.30 371.60Neil 5.39 5.49Neogen 889.65 894.50Nettlinx Ltd 69.45 69.35Ngl Fine Chm[5] 3010.65 2959.85Nibe 55.50 58.25Nidl 81.15 85.00Niehspi 3.49 3.15Niesspj 46.50 41.85Nihar Info 6.88 6.54Nikhil Adhsv 884.35 919.35Nile Ltd. 549.95 560.65Niraj Cement 49.45 51.25Nirlon 290.85 293.15Nitincast [5] 93.45 89.20Nitta Gela 241.75 258.75Niyogin 86.00 83.20Nova Iron&St 18.20 18.05Novartis [5] 1003.65 988.10Ntc Indust 61.15 63.35Nureca 1605.15 1594.50Nyssacorp [1] 7.01 7.36Oal [5] 964.15 955.30Obi Ltd 4.15 4.35Odyssey Tech 53.85 53.40Ok Play (I) 24.90 26.10Omni Ax's So 2.42 2.54Oneglobal 18.38 19.29Oone 4.69 4.59Orchasp [2] 4.37 4.16Orient Bever 73.05 73.65Orient Trade 6.35 6.42Orientelec [1] 333.50 335.90Orirail [1] 56.75 61.15Osiajee 39.25 45.60Otco Intern. [2] 6.61 6.94Ozoneworld 15.50 15.45P.G.Foils 179.00 173.35P.G.Ind.Ltd. [5] 4.94 4.87P.H.Capital 53.55 56.20Pacifi�c Ind. 352.75 353.20Palmjewels 37.05 37.25Pan India C 1.12 1.17Pana Energ 286.75 287.55Panafi�c [1] 0.38 0.37Panch.Steel 90.55 92.35Parleind 9.44 9.41Parvati [5] 7.24 7.00Pas.Acrylon 29.60 29.90Patel Airtem 210.50 207.20Pbm Polytex 99.40 110.10Pee Cee Cosm 168.00 160.55Perm Magnets 332.10 333.80Pharmaids Ph 16.00 16.80Phoenix Int. 20.85 20.00Piccadily Ag 20.60 21.00Piccadily Su 18.25 17.34Pion Invest 35.70 35.50Pix Trans 708.60 754.50Pmcfi�n [1] 2.43 2.55Pml 1842.55 1862.45Poel 48.35 47.85Polson Ltd. [50] 13930.45 14249.15Polycab 1936.55 1953.40Polylink Pol [5] 22.25 22.85Polymech.Mch 55.80 55.20Polyspin [5] 78.25 78.20Pooja Ent 136.80 143.60Poona Dal 53.95 60.20Porwal Auto 28.90 29.20Powerindia [2] 1916.05 1929.90Ppl 172.75 174.25Pradeep Met. 62.00 64.00Prag Bosimi 2.99 2.94Praveg 100.00 120.00Premco Glob. 474.95 469.95Prerna Infr 18.40 18.15Prima Plasti 158.60 154.35Princepipe 711.60 704.05Prism Medi 7.24 7.12Prismx 93.65 92.90Pritikauto [2] 19.20 19.15Ptcil 2287.10 2246.55Pun.Alkali 90.45 95.85Pvvinfra 8.71 9.14Pwasml 29.15 29.20Quadrant [1] 0.35 0.34Quint 318.05 320.65Raclgear 507.80 558.55Radhe Devlop 12.58 12.06Radiocity [2] 25.55 25.40Raghunath In 11.67 11.09Railtel 146.30 144.20Raj Packagin 40.50 42.25Rajkumar Frg 65.65 68.15Rajoo Engin. [1] 33.95 33.25Ram Rat.Wir [5] 146.15 155.30Rama Paper 25.00 26.25Rama Phosph 319.40 341.05Ramasigns [5] 3.69 3.87Raminfo 48.40 47.95
Rapicut Carb 34.50 36.20Rasi Electro [2] 6.15 5.94Rathi Bars 26.75 25.55Ratnabhumi 71.15 76.35Rawedge 32.30 34.00Rdb Rasayan 86.10 91.05Rdb Realty 33.40 34.60Rel.Chemotx 138.00 139.40Reliab Ven 10.84 11.38Reltd 49.50 47.05Remi Edel 30.45 31.95Remlife 126.80 133.10Resonance 172.05 167.80Rexnord Ele. 60.60 59.90Rgrl 28.35 28.65Riba Textils 53.55 50.00Rishi Laser 16.60 17.35Rishiroop 95.60 94.65Rishitech 30.05 31.00Rit Pro Ind 99.60 99.00Ritesh Inter 35.75 34.00Rossari [2] 1168.35 1257.90Roto Pumps [2] 204.90 202.00Route 2150.55 2123.35Royale Manor 27.10 28.35Rpel 501.70 514.65Rril [5] 12.48 12.36Rts Power Co 51.25 51.10Rubfi�la Int. [5] 101.45 99.85Ruttonsha In 72.50 72.70Rvhl [1] 22.75 23.40Rvnl 31.50 31.15S.I.Paper 152.20 153.00Saboo Sodium 11.75 12.16Sacheta Met. 19.35 19.50Sadhana Nit [1] 67.95 50.90Safari Ind. [2] 763.85 751.05Sagarprod [1] 2.97 2.92Sagarsoft 280.75 286.35Sahara Housg 51.60 50.35Sahya Indu 623.40 651.65SaintGobain 69.35 69.65Salauto 215.75 227.85Sambandam Sp 229.95 241.40Samkrg Pist. 204.95 202.70Samrat Pharm 264.10 262.50Sandu Pharma 56.40 55.05Sandur Mang. 2065.75 2030.10Saninfra 142.90 136.90Sanjivani Pa 24.15 25.35Sankhya Info 7.41 7.04Sappl 354.10 345.45Sarel 163.85 156.55Sat Ind Ltd [2] 28.35 28.25Satia [1] 106.70 107.35Sauras.Cem. 96.45 95.90Saven Techn [1] 28.00 28.40Sawaca Busi 3.00 3.15Sbec Sugar 36.15 36.35Sbfl� 10.35 10.86Sbicard 989.45 973.05Sbisensex 558.70 555.41Scandent 23.95 26.00Scanp Geom [2] 21.05 21.30Scanstl 39.10 41.05Scapdvr [1] 2.22 2.33Seacoast 249.55 249.70Seyaind 69.90 76.50Sgn Telecom [1] 0.60 0.63Sgrl 400.00 410.00Sh.Hari Chem 70.00 68.50Sh.Karthik P [5] 6.67 6.35Sh.Steel Wir 25.90 26.00Sha Eng Pla 1644.80 1614.45Shalimar Pro [1] 0.49 0.49Shalima Wir [2] 7.12 6.77Shangar [5] 9.67 9.73Shantanu She 1.70 1.78Sharika 24.55 23.10Sharp India 34.60 33.20Sharp Inv [1] 0.64 0.67Shbajrg 329.75 346.20Sheetal Diam 3.57 3.65Shervani Ind 306.90 300.25Shetron Ltd 34.70 34.55Shilchar Tec 214.75 214.55Shilp Gravur 113.40 118.90Shiv.Bimetal [2] 127.65 131.20Shiva Ceme [2] 38.10 38.85Shiva Fert. 71.15 81.45Shivalik [5] 941.55 935.90Shree Global [1] 7.28 7.64Shreeganes 118.25 117.40Shreesec 14.06 14.48Shri Dinesh 550.45 562.95Shri Jagdam [1] 1159.50 1217.45Shri Krish 15.95 15.30Shyammetl 413.40 430.00Sicltd 0.37 0.38Siddha Ven 2.49 2.37Sika Inter. 489.95 489.10SimmondsM[2] 41.05 41.50Simran Farms 123.45 122.10Sinclair Hot [2] 78.05 79.05Singer India [2] 69.15 67.25
Sir Shadi La 93.95 89.50Sisl 539.30 518.90Skcil 39.10 39.75Skyl Millar [1] 17.53 16.66Smcglobal [2] 99.85 101.45Smgold 107.50 107.30Smruthiorg 379.45 360.50Smslife 749.70 730.10Snl Bearings 275.85 278.85Solara 1667.90 1666.25Solitair Mc 45.45 48.40Somdatt Fin 38.15 40.05Sonacoms 401.50 392.65Sourcentrl 169.95 158.60Southernin 21.00 20.65Spaceage 70.95 73.10Spaceincuba 1.57 1.62Spandana 688.75 678.10Spel Semicon 22.51 21.39Spencer [5] 98.45 93.50Spicejet Ltd 78.70 77.55Sportking 2799.00 2938.95Srd 69.95 66.65Sri Digv Cem 87.50 87.70Sri Nachamai 47.85 50.00Stanrose Maf 108.05 109.30Starcom 246.30 246.20Starhfl� 98.40 95.05Starlit 14.10 13.45Starlog 9.44 10.38Starteck 121.95 125.00Std.Battery [1] 26.45 25.15Std.Surfact. 63.60 66.75Steel Exch 69.70 68.50Steelcast [5] 182.70 206.15Stovac Ind. 2677.80 2676.00Stovekraft 753.75 731.15Sukjit Strch 255.65 252.10Sulabh Eng. [1] 2.38 2.49Sumedha Fisc 34.65 33.55Sumichem 437.85 436.10Sunedison 60.05 58.00Sunil Health 35.00 36.00Sunshield Ch 315.50 318.45Super Crop. [2] 8.90 8.42Super Tanner[1] 6.86 7.23Superior 190.25 178.25Supertex Ind 8.66 9.09Suprap 27.25 25.90Supreme Ho 20.00 19.95Surat Text. [1] 11.25 11.75Suryalata Sp 350.30 367.80Suryamba Sp 125.35 131.60Suryoday 210.75 215.90Suvenphar [1] 463.95 463.45Suvidhaa [1] 25.30 25.20Suyog Tele 410.90 413.30Sv Global [5] 64.60 64.60Svam Softwar 3.83 4.02Svartcorp [1] 4.51 4.84Svcind 2.57 2.69Svpglob [1] 109.35 109.00Swarnasa 16.90 16.70Swasti Vinay [1] 7.65 7.68Swastik Inv 152.35 159.95Swsolar [1] 281.55 275.30Sxetf [250] 568.17 565.98Sybly Inds. 5.52 5.76Syncom For [1] 8.72 8.30Syschem (I) 8.14 8.45T & I Global 138.75 135.15T. Spiritual 1.06 1.11Taalent 704.25 705.85Talbroseng 241.70 253.75Tamboli Cap 56.80 56.90Taneja Aero. [5] 46.45 52.25Tarai Foods 6.26 6.57Tarc [2] 47.00 45.85Tata Yodogaw 60.45 60.45Tcfc Finance 39.85 38.45Tcnsbrands [2] 594.95 590.25Tcpl Pack 528.60 527.45Tdsl 28.00 27.50Technoe [2] 310.20 309.00Tejnaksh 75.15 76.60Texel Indus. 93.80 89.15Tgvsl 39.55 40.40Thinkink [5] 35.35 35.60Tiaanc 46.05 43.85Tiger Logs 58.90 57.80Tiindia [1] 1129.50 1105.70Tilak [1] 3.33 3.44Timex Group [1] 37.95 39.75Tinnarubr 82.15 78.05Tirupati Sar [5] 7.19 7.13Titan Biotec 345.35 345.05Titan Secur. 24.35 23.15Toyamind [1] 2.77 2.90Transchem 28.40 28.50Transgene Bi 4.30 4.30Transpek 1902.15 1887.45Trejhara 61.35 60.10Trio Mercan [2] 3.20 3.15Triton Valve 1527.35 1535.05Tutialka 12.79 13.42
Tejasnet 184.80 186.00Wimsome Text 62.65 65.75Yasho 443.20 443.80
Scooters Ind 41.30 41.55Shil [2] 391.95 372.60Sintexplast [1] 5.92 6.17
Rci Ind 8.58 8.97Relhome 4.56 4.78Rudra 35.05 36.10
Tyche Inds 223.20 225.30Tyroon Tea 76.40 79.00Udaipur Ce [4] 36.90 36.35Udayjew 143.40 153.45Ugrocap 116.75 115.60Ultracab 157.20 156.75Ultramarine [2] 369.20 365.60Uni Abex 671.10 686.80Uni Royal In 12.91 13.54United Drill 330.50 356.25United Text. 6.65 6.98Univphoto 299.45 297.90Upsurge Inv. 34.70 35.75Usgtech 4.29 4.08Ushdev Intnl [1] 0.78 0.78Utiamc 878.55 890.25Utibanketf [1] 35.88 36.28Utinext50 [1] 40.26 40.60Utique 4.57 4.35Utisensetf 552.20 551.02Uv Der Horst 48.35 46.25Uyfi�ncorp [5] 6.17 6.40Vaarad [1] 11.91 12.50Valiant Comm 69.95 66.15Valiantorg 1436.20 1453.35Valson Indus 18.70 18.75Vama Inds [2] 9.67 9.57Varroc [1] 351.05 350.35Vedavaag 42.70 42.50Veer Energy 13.84 13.68Veljan 1193.10 1203.25Vertex Sec. [2] 2.62 2.75Viaanindus [1] 1.22 1.28Victoria Mi[100] 3355.20 3595.35Vijay Solvex 3342.90 3510.00Vijay Textil 50.85 49.10Vikas Wsp [1] 5.93 5.85Vikaslife [1] 3.86 4.05Vikasprop [1] 2.66 2.63Vikram Therm 229.90 243.75Vineetlab 102.55 107.65Vippy Spin. 68.25 74.35Vipulorg 207.20 210.80Virat Crane 36.10 36.00Virat Indus. 49.55 47.40Virinchi 76.90 72.40Virtual Glo [1] 1.20 1.26Visagar Fin [2] 1.40 1.47Vishal [5] 95.75 95.40Vishwaraj 142.85 147.00Visioncine [1] 1.36 1.42Vista Pharm [2] 11.03 11.31Vistaramar 69.45 72.65Vivid Ind [5] 32.35 32.65Vivo Bio Tec 87.55 83.80Vkjinfra [1] 0.27 0.28Vms Industr 17.77 19.07Voith Paper 1199.80 1189.75Vrl 110.70 108.95Wagend [2] 1.40 1.46Wall St.Fin. 21.80 22.85Wallfort Fin 56.90 62.55Warren Tea 94.20 94.75Waterbase 132.20 130.40Welsplsol [6] 21.50 21.60Wepsoln 22.95 22.50Westlife Dev [2] 532.10 521.45Whiteorg 7.99 7.91Wim Plast Lt 597.05 589.00Winsome Brew 11.94 11.60Worl 201.95 212.00Wpil Ltd. 1081.65 1064.25Xelpmoc 451.25 452.65Xtglobal [1] 35.15 34.85Yamini Inves [1] 1.77 1.85Yash Manage. 10.59 11.34Yashchem 40.35 48.25Yashpakka 87.45 87.95Yuken India 544.60 553.65Zeal 131.45 133.45Zenith Fibre 61.15 64.20Zenith Healt [1] 8.48 8.90Zenlabs 41.35 41.90Zenotech 49.25 48.40Zf Steering 551.30 545.20Zimlab 146.25 139.10Zodiac Ven [1] 17.90 17.85
Group T
Avl 1008.451058.85Bh.Immun&Bio 63.25 61.30Chdchem 9.19 9.64Dalalstcom [1] 1.28 1.22Darshanorna 39.90 38.35Greenpanel [1] 246.90 241.05Grwrhitech 929.05 920.45Guj.Stat.Fin 6.43 6.75Hind.Fluroca 10.94 11.30Hind.Foods 1989.501988.30Kirloskar El 20.90 21.90Narayani 34.10 34.10Nilaspaces [1] 2.16 2.17Paushak Ltd 9202.209037.45Pun.Communi. 36.55 36.15Raj Glo Wir 1741.201708.75
RajnandniMet 154.00 161.70RajratnGlbWr 1745.65 1714.85Rajsr.Sug 31.20 32.75Rajvir Ind 8.00 7.60Ramky Inf 189.40 198.85RatanIndEnt 52.70 55.30RatanIndPowr 7.65 8.00Reg.Cermic 1.45 1.40RelHomeFin 4.55 4.75Reliancepowr 13.00 13.35ReliancInfra 80.00 78.90Rohit Ferro 3.30 3.30RS Soft [5] 37.95 37.45Ruchi Inff [1] 8.65 8.55Rushil Decor 292.20 286.30S&SPowSwitch 20.80 21.00SabEvents 2.70 2.80SagardpAlloy 67.80 67.30Sakth.Sug 19.15 20.10SAL Stl 10.50 11.00SancoInd 10.25 9.85SardaEnergy 646.15 648.95Saregama 3323.05 3297.70SastasundVen 330.15 316.10Sathv. Ispat 3.50 3.50SE Power 8.60 9.00SetubandnInf 1.80 1.85Shah Alloy 14.20 14.20ShardaMoto [2] 628.55 615.25Shek.Poly [1] 0.70 0.70ShermarooEnt 143.35 136.65Shivam Aut [2] 26.70 26.65ShreeRenuS [1] 33.20 34.85ShreramProtn 38.90 37.75Shriram Pist 917.95 898.00Shyam Tel 15.60 14.85Sicagen 24.40 24.70SillyMonkEnt 21.70 20.85SimbholiSug 36.75 38.45SintexIndus [1] 4.80 4.70SintexPlast 5.90 6.05SITINetworks 1.50 1.55SkilInfra 3.65 3.50Soma Text 7.10 6.95Somany [2] 673.60 694.65SomanyHomInn 396.60 376.80SomDist&Br [5] 47.15 49.50SpacenetEnt 1.90 1.95SPML Infra [2] 11.85 11.65Sri Adh Br 2.30 2.35SriHavishHos 1.90 1.85StampedeC [1] 0.80 0.75Std Inds [5] 17.30 17.15SumeetInd 12.20 11.60Sund.Multi [1] 2.25 2.35Super Spn [1] 11.60 12.10Supr.Petro 749.15 753.00SupremeEngg 34.60 33.95Suryalaxmi 68.50 71.90Tanla Sol [1] 927.55 932.35Tatapur 5.25 5.35TataSteellng 1105.55 1101.20TataTel(Mah) 43.90 43.85TecIndNirman 5.15 5.20TejasNetwork 184.10 186.05TemboGlobal 217.80 223.05TGBBanqt&Hot 8.90 8.70TheBykeHospl 29.95 29.80TheMandanVen 18.00 18.15ThePKTeaProd 327.60 333.20TheWestInPly 64.80 66.50Thom.Scot 17.85 18.70Tidewater [5] 15842.90 16425.00TIL 190.60 190.50Tips Ind 1272.30 1249.30TirupatiForg 47.75 50.10TN Tele 11.35 11.90Transwarnt 6.75 6.45TreeHouseEdu 10.80 10.85TRF 131.75 129.75TT 64.70 65.45Ujaas Energ [1] 2.95 2.95Usha M Ed [1] 4.50 4.45Utm.Sug 214.75 225.45Viji Fin [1] 1.45 1.50VikasEcotec [1] 1.85 1.90VIPUL [1] 34.85 36.45Visa Stl 10.00 9.90Vivi Lab [2] 24.60 24.15Wanbury 86.95 85.90WelthFrstPrt 209.00 203.15WS Ind 5.70 5.70Xpro India 253.55 266.20YaariDigInt 106.85 111.35Zen Exp 86.00 87.70ZenithSteel 1.20 1.25Zod.Jrd 33.70 33.35
HindustnFood 1985.20 1982.95Hubtown 26.70 26.95ICDSLTD 25.25 26.50IIFL Holding [2] 270.50 265.40IL&FS Ven [2] 6.50 6.80ImagicaWorld 8.50 8.70Impex Fer 1.10 1.10IndoramaSynt 59.85 60.40IndoThai 62.75 65.85IndSwift [2] 4.85 5.05InfobeanTech 489.35 498.80InoxWindEner 773.35 755.30Integra [3] 4.25 4.45InterntlCons 23.85 24.00ISMT [5] 23.70 24.85JainDvrEqut [2] 22.15 22.05JaiprakshAs [2] 12.30 12.20Jay.Neco 25.10 24.75JaypeeInftec 2.50 2.40JBF Ind 37.00 38.35Jind P.Inv 39.05 39.05Jind.Cot 2.70 2.80Jind.Pho 73.55 73.75JITFInfraLog [2] 18.75 19.65JiyaEcoProd 5.95 5.95JSWIspat 40.75 41.00Kaly.For 208.50 218.30Kamat Htl 50.25 49.60Kanani Ind [1] 11.55 12.10KapstonFacil 89.25 88.10KardaConst [2] 182.90 185.15Karma Enr 19.55 20.50Kaushlya Inf 2.50 2.45KDDL 345.35 345.00Kernx.Mic 74.95 71.80Khait.Ind 20.95 21.90KilitchDrugs 161.90 169.95Kirl.Elec 20.90 21.85KirloskarBro [2] 478.35 488.55Kopran 230.75 230.85KridhanInfr [2] 6.40 6.65Landmark [1] 5.70 5.45LCC Info [2] 1.90 1.95LGB Forge [1] 8.05 7.80LINCPen&Plas 203.45 204.30LloydsSteel [1] 3.50 3.60Lok.Mach 47.40 46.25Lotys Eye 47.80 48.85LovableLingr 122.50 120.75Lyka Labs 61.45 59.95MagmaFinc [2] 154.85 152.05MahaApexCorp 116.70 120.00ManakAlum [1] 18.30 18.35Manali Pet [5] 82.85 82.05Mang.Timb 15.85 15.35ManugraphI [2] 14.45 14.75Mask Invest 36.60 34.80Maw.Sug 100.70 105.70McD.Hld 59.05 58.55McleodRusI [5] 35.10 34.70McNally 12.35 12.85Mega Soft 15.25 15.90Mercator [1] 2.80 2.90ModiRubber 72.65 72.70Mohit Ind 15.15 15.20MSP Stl 10.80 10.60MT Edu 9.65 9.55Mukand 139.80 143.00Mukand En 23.15 23.15NagarjunFer [1] 18.90 18.00Nah.Spg [5] 307.15 322.10NandanDenim 63.80 66.95Natl Stl 3.70 3.80Neuland 2198.60 2175.80NewgenSWTech 696.15 699.55NilaSpaces 2.15 2.20NK Industrie 27.15 28.40NRB Ind [2] 18.65 19.00Oil Country 7.40 7.75OlectrGrntec 244.40 242.00OnePntOneSol 49.90 47.45Onward Te 257.75 270.60OptimusInfra 167.90 169.60OrchidPharma 545.85 526.10PalashSecu 75.00 75.05Parenteral 4.65 4.65Patspin Ind 8.25 8.65PeninsulLan [2] 15.70 16.45PNBHousngFin 720.95 701.80Praj Ind [2] 363.85 374.00Premier 3.95 4.10Prime Foc [1] 60.15 61.30Prit.Nandi 41.55 40.60ProseedIndia 8.45 8.85ProznIntPro [2] 33.85 35.50Quintegra 1.25 1.30Radaan [2] 1.00 1.05
3i Info 9.15 9.3563MoonsTec [2] 94.50 99.20A2ZInfraEngg 5.85 5.70AaronIndus 121.85 117.35Aarvee Den 24.50 25.70AbanOffsho [2] 41.40 43.45AdaniGreenEn 1008.65 979.15AdaniPower 105.65 102.15AdaniTrans 1016.55 968.05AdaniTtlGas 896.55 855.00Affle(India) 4376.60 4370.85AGC Net 1222.85 1221.05AIRAN 26.70 25.65AjooniBiotec 54.90 53.65Aksh Opti [5] 12.10 11.50Alpha Lab 49.95 50.25Alps Ind 3.30 3.35AnantRaj [2] 70.60 68.40Andhra Cem 25.55 26.80AnkitMet&Pow 1.80 1.85AnsalPro&In [5] 9.75 9.40Antartica [1] 0.80 0.80Archidply 33.70 34.15ArchidplyDec 36.85 36.95Arih.Found 26.30 26.00ArihantSupst 91.75 92.00ArrowGrnTech 155.65 155.00Arss Infra 34.40 34.75ArtemsMedSer 359.95 364.60ArveeLabs 108.00 106.00Ashapura [2] 144.10 142.05Ashima 19.60 19.95Atlanta [2] 17.60 17.30Auto Stamp 67.65 66.35Autoline 47.95 47.05AxiscadeEn [5] 97.35 96.55BAG Films [2] 3.70 3.70BajajHindSu [1] 19.15 20.10Bal Phr 101.85 101.40Ban.Amn.S [5] 86.00 90.15Bans.Syn 200.65 210.65Barak Val 23.10 23.15BCPowerCo [2] 3.85 3.85Beardsell [2] 14.10 13.90Bedmutha 34.95 35.40Bhar.Glbl 1.70 1.75Bharti Infr 244.95 243.10BirlaCable 110.80 112.55BKMIndus [1] 1.10 1.15BlueChip [2] 0.35 0.35BombyRayFash 10.45 10.20BorosilRenew 289.10 285.90BTRFLYGandhi 764.45 753.95Burnpur 2.40 2.30Calif.SW 9.80 10.25CGPower&S [2] 77.00 75.45Cinevistaas [2] 17.85 17.20Compucom [2] 15.90 16.20CountrClbH [2] 6.95 7.25CountryCon [1] 2.95 2.90CubexTub 30.00 30.50DangeeDums 183.10 183.45DB(Int)StBr [2] 15.35 14.85DCM 41.35 40.80DeepakFertil 415.40 414.85Delta Mag 55.45 55.00Digicontent [2] 14.55 14.50DigispiceTec 52.40 55.00DRCSystemInd 282.00 273.30Ducon Infra [1] 17.15 16.50Eclerx 2229.00 2252.20Essar Shp 11.75 11.20Eurotex 8.45 8.85Ever.Kanto [2] 100.35 99.05ExcelRealNIn 3.65 3.70ExpleoSoluti 1264.15 1200.95FCS Soft [1] 2.10 2.20FlexituffInt 25.25 24.15FutureSupply 91.25 91.35GaneshHousng 130.85 125.50Gangotri [5] 1.10 1.15GatewayDistr 283.05 284.45GaytriHigh [2] 1.15 1.20GlobText(In) 175.40 166.65GlobusSpirit 675.30 680.85Goa Carb 395.25 388.90God.Pow.Isp 1409.65 1480.10GodhaCarbon 42.00 43.40Gold.Tobac 45.75 47.90GreenpanlInd 246.85 242.20GujartRafInd 52.70 50.10GulshanPoly [1] 234.20 236.25Gyscoal [1] 2.50 2.40HFCL [1] 80.25 81.80Hilton Mtl 11.85 11.95HindNtGls&I [2] 48.30 49.05HindujaGlobl 3107.50 3123.95
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