WEDNESDAY • SEPTEMBER 15, 2021

BENGALURU
₹10 • Pages  10 • Volume  28 • Number  256

FREAK TRADE, AGAIN DEADLINE EXTENSION RELIEF ON VEHICLE INSURANCE

The NSE saw another day of freak The Centre has given more time, till January The Madras High Court has withdrawn its order on
trades with several index heavyweights 31, for importers of soyameal and tur and bumper­to­bumper insurance following submissions
opening with a huge price gap p6 urad to bring in their consignments p8 made by counsels of IRDAI, GIC and SIAM p3
Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam RNI No. 55320/94

Food delivery apps may be treated
as restaurants, told to pay GST
This is among 54
proposals expected
to be taken up at
the GST Council’s
Friday meeting  crore.  The  evasion  of  tax
SHISHIR SINHA
New Delhi, September 14
The  GST  Council,  scheduled  to
meet on Friday, is likely to con­
sider making e­commerce oper­
ators  (ECOs)  in  food  delivery
such  as  Swiggy  and  Zomato  li­
able  to  pay  the  Goods  and  Ser­
vices Tax on restaurant services
supplied through them. This is
one of the 54 proposals for rate
and rules revision expected to be
taken  up  at  the  Lucknow
meeting.
“If  approved,  time  up  to
December  31  can  be  given  to
these delivery concerns to make
changes to their software, etc,” a
senior government official told
BusinessLine.  This  proposal  is
based on a suggestion by an E­
Commerce  Sectoral  Study  of
Suppliers/ECOs dealing in foods
delivery.
These  apps  are  registered  as
Tax Collectors at Source (TCS). Ac­
cording to the official, one of the
reasons for such a proposal is the
committee’s  observation  that
there is no mandatory GST regis­
tration check by these food­tech
companies and there were unre­
gistered  restaurants  supplying
through them.  an  ECO  as  a  deemed  supplier.
₹2,000­cr revenue loss
It may be noted that though the
rate  of  tax  is  low,  the  revenue
missed is significant as food de­
livery  is  a  flourishing,  high
volume  business.  The  commit­
tee estimated the revenue loss at
around ₹2,000 crore.
The official said that data for
Zomato  and  Swiggy  were  ana­
lysed for the October­December
2020 period for Haryana. For Zo­
mato, it was found that the gap
in the taxable turnover ofsuppli­
ers where TCS was deducted by
Zomato  was  greater  than  the
turnover declared by the suppli­
ers  —  ₹101  crore.  Therefore,  the
tax evasion amounts to around
₹ 5.20  crore.  In  the  case  of
Swiggy,  the  gap  in  the  taxable
turnover  for  suppliers  where
TCS was deducted by Swiggy was
greater  than  the  turnover  de­
clared  by  the  suppliers  by  ₹91
amounting  to ₹ 4.5  crore,  he
said, adding that there is a sug­
gestion  for  a  new  mechanism
for taxes at the time of supply.
Two options
The proposal has two options —
one, notifying ECOs as aggregat­
ors under Section 9(5) of the GST
law with the rate being notified
later. Under this, an e­commerce
operator would become liable to
pay the GST for supplies through
it. . But this option will be limited
to  restaurant  services.  Also,  it
may not be applicable for a res­
taurant within a hotel where the
room tariff is more than ₹ 7,500.  paper,  CA  Institute  Presid­
There is the proposal for a sep­
arate  return  where  GSTIN­wise
details of supply on which tax is
being collected and paid by the
e­commerce operator will have
to be declared. Though there is
limit of ₹20 lakh for service pro­
viders to be registered, here the
suggestion is that all restaurant
services,  irrespective  of
turnover, are brought under the
aggregator  category.  ECOs  may
also be made aggregator of de­
livery services.
The second option is notifying
Here, the supply will be categor­
ised in two legs — from the res­
taurant to the ECO and from the
ECO  to  the  customer.  For  the
first,  the  tax  rate  will  be  5  per
cent  without  input  tax  credit
and  18  per  cent  with  input  tax
credit. The second leg will attract
GST  at  5  per  cent  with  limited
ITC.
Also read p3
CA Institute lashes out at NFRA over TAC report
ICAI says the financial reporting authority
not a ‘super regulator’ of the profession
KR SRIVATS
New Delhi, September 14
It’s  official.  Two  audit  regu­
lators — ICAI and NFRA — are
daggers  drawn,  and  in pub­
lic too, with the CA Institute
rejecting  outright  the  Tech­
nical  Advisory  Committee
(TAC) report of March 2021.
It  maybe  recalled  this  re­
port — the first TAC, with re­
commendations  on  Enhan­
cing  Engagement  with
Stakeholders  —  had  formed
the  basis  for  the  National
Financial Reporting Author­
ity  (NFRA)  coming  out  with
a consultation paper on this
issue in June.  port  has  to
‘Far from ground realities’
In  a  tersely  worded  letter
sent  along  with  nearly  120
pages of detailed comments
on  the  NFRA  consultation
ent  Nihar  N  Jambusariya
conveyed that ICAI was “out­
right rejecting”  the  report
and  expressed  serious  con­
cern over the “one sided sur­
realism” of the TAC report.
suffer from  a  distorted  un­
derstanding and bias.
“...the  objective  of  both
the  NFRA  and  the  ICAI  is  to
gagement  with  stakehold­
ers,  including  those  from
the CA Institute’.
In his letter, the ICAI Pres­
Jambusariya  also  said  the work  for  common  public ident  also  reiterated  that
paper’s  fallacious  circular good  and  not  as  competing the mandate of NFRA as per
argument  analogies,  refer­ entities,  still  it  has  been Companies  Act  2013  is  of  a
ences  and  hence  inferences seen  that  a  rather  non­col­ consulting  body,  which  has
made  were  far  from laborative  approach  is  be­ to  run  in  congruence  with
the  ground  reality ing adopted by NFRA and ICAI’s  overall  objective  of
in many matters.  the way in which the TAC regulation  and  develop­
The  ICAI  wanted report and the consulta­ ment  of  CA  profession  and
the  TAC  report tion  paper  is  worded, not  to  act  as  a  “super  regu­
scrapped,  saying  it wherein  NFRA  has lator”  affecting  the  overall
was  based  on  the also  given  its growth  of  the  CA  profes­
views  of  a  min­ preliminary sion. 
iscule  set  of view  in  the Jambusariya  said  the
stakeholders said  report,  it “damaging”  report  from
who  respon­ seems  that TAC  can  harm  the  image  of
ded  to  a NFRA  feels the  CA  profession.  The  re­
question­ Z
Y that  for  so port  may  also  harm  na­
naire. The re­ The ‘damaging’ report many  years tional  interest  due  to
from TAC can harm there  was  no change  in  investment  rat­
be  redrafted the image of the regulator  for ing  and  other  parameters
based on the CA profession. accounting that  the  World  Bank  con­
views  of  a NIHAR  N  JAMBUSARIYA,
and  auditing siders  when preparing  the
large sample President, CA Institute profession,” ‘Ease  of  Doing  Business’  re­
set  of  stake­ Z the  ICAI  Pres­
Y port, the letter added.
holders,  the ident’s  July  9 The ICAI said that it could
ICAI said.  letter to NFRA said.  have  been  consulted  for  a
This,  the  ICAI  said,  would better understanding of the
ensure  that  comments  are Mandate of NFRA current dynamics instead of
backed  by  proper  research­ On  Monday,  NFRA  made directly putting the views of
based  evidence  rather  than public  all  the  responses  it the  NFRA  in  public  domain
simply  stating  the  arbitrary received on its consultation for  stakeholder  and  public
and  ex-facie opinions  that paper  on  ‘Enhancing  en­ comments.

Zomato co-founder
Gaurav Gupta quits
OUR BUREAU
Bengaluru, September 14
Zomato  co­founder  and  head
of  supply,  Gaurav  Gupta,  ex­
ited  the  food­tech  company
after six years.
Gupta  had  joined  the  Zo­
matoin 2015 as Business Head
of  Table  Reservations  and
since  then  has  donned  many
hats, including global advert­
ising sales head, chief operat­
ing  officer  and,  finally,  a  co­
founder in January 2019.  have  announced  a  project  to
Gupta’s  exit  comes  on  the
heels  of  Zomato  shutting  its
grocery  delivery  pilot  and
nutraceutical  business.  He
had  been  the
face  of  the
company’s
$1.3­billion
July IPO, which
was  fully  sub­
scribed  on
Gaurav Gupta
opening day.  India  and  Singapore  exceed  $1
In  an  email  to  employees
today, Gupta wrote, “I am tak­
ing a new turn in my life and
will be starting a new chapter,
taking a lot from this defining
chapter of my life – the last 6
years  at  Zomato.  We  have  a
great  team  now  to  take  Zo­
mato forward and it’s time for
me  to  take  an  alternate  path
in my journey.”
In  reply  to  Gupta’s  email,
Zomato CEO Deepinder Goyal
thanked him for hanging his
boots  at  a  point  where  “we
have a great team and leader­
ship  to  carry  us  forward”.
Goyal  also  took  to  Twitter  to
say, “I wish you all the best for
your future, and look forward
to continue being the friends
that we are for the rest of our
lives.”
RBI, Singapore Monetary Authority link
payment systems for fast funds transfer
UPI­PayNow tie­up
to aid trade, travel,
remittances  provider  Liquid  Group  to  en­
OUR BUREAU
Mumbai, September 14
In  a  bid  to  make  cross­border
transactions  easier  and
cheaper,  the  Reserve  Bank  of
India  and  the  Monetary  Au­
thority  of  Singapore  (MAS)
link  their  respective  fast  pay­
ment  systems,  UPI  and
PayNow, by July 2022.
The  UPI­PayNow  link will  al­
low users to make instant, low­
cost  fund  transfers  on  a  recip­
rocal basis without the need to
get  onto  any  other  payment
system,  the  RBI  said  on  Tues­
day.  Cross­border  payments
and remittance flows between
billion each year currently.
PayNow  is  a  fast  payment
system  that  enables  peer­to­
peer  fund transfer  by  retail
customers  through  participat­
ing banks and non­bank finan­
cial  institutions  (NFIs)  in
Singapore.  UPI,  on  the  other
hand,  has  proved  to  be  one  of
the  most  popular  digital  pay­
ment  systems  in  India,  clock­
ing  355  crore  transactions
worth  ₹6.39­lakh  crore  in  Au­
gust.  It  processes  transactions
valued  at  over  ₹15,000  crore
daily.
“The  UPI­PayNow  linkage
builds  upon  the  earlier  efforts
of  NPCI  International  Private
Limited  (NIPL)  and  Network
for  Electronic  Transfers  (NETS)
to  foster  cross­border  interop­
erability  of  payments  using
cards  and  QR  codes  between
India  and  Singapore  and  will
further  anchor  trade,  travel
and remittance flows between
the  two  countries,”  the  RBI
said.
Fund transfers
According  to  a  statement  by
MAS, when implemented, fund
transfers can be made from In­
dia to Singapore using mobile
phone  numbers,  and  in  the
other  direction  by  using  the
UPI  virtual  payment  addresses
(VPA).
“The experience of making a
PayNow  transfer  to  a  UPI  VPA
will  be  similar  to  that  of  a  do­
mestic  transfer  to  a  PayNow
VPA,” the RBI said.
Industry  players  say  it  will
lead  to  convenience  for  users,
both  individuals  and  busi­
nesses,  including  in  invest­
ments,  trade  and  travel.  “The
reduced time  and  charges  for
cross­border  payments  will
help  grow  the  trade  between
India  and  Singapore,”  said
Asheesh  Chanda,  Founder  and
CEO of Kristal.AI.
Currently,  inter­bank
charges  of  up  to  ₹3,000  are
levied  over  and  above  the  LRS
processing  fees  by  banks.  This
discourages  small  investors
from accessing global markets
as it eats into their returns, he
added. NIPL has been working
to promote the use of UPI over­
seas.  It  has  partnered  with
cross­border  digital  payments
able  UPI  QR­based  payments
acceptance  in  10  markets
across  North  and  South­East
Asia. 
NIPL  has  also  tied  up  with
the  Royal  Monetary  Authority
of Bhutan for enabling and im­
plementing  BHIM  UPI  QR­
based  payments  and  has
partnered with Mashreq to get
UPI accepted in the UAE.
INSIDE
ZEE AGM
Key shareholders call
for removal of MD & CEO
Mumbai, September 14
Even as Zee Entertainment’s
largest shareholders, Invesco
Developing Markets Fund and
OFI Global China Fund, called
for the removal of MD and
CEO Punit Goenka, corporate
governance advisory body
InGovern has raised concerns
over his appointment to the
its audit committee. P2
OUSTING DISH TV BOARD
Difference of opinion
on YES Bank’s proposal
Mumbai, September 14
A difference of opinion has
emerged among smaller
investors on YES Bank's
proposal to oust the board of
Dish TV. Proxy advisory
services firm SES, too, said YES
Bank has not given sufficient
reason for its proposal. P2

CM . ... .. . .....BG-BGE
YK
 BENGALURU

2 NEWS BusinessLine 
WEDNESDAY • SEPTEMBER 15 • 2021

Key shareholders seek removal of  Anil Ambani

says RInfra will
Zee Entertainment’s MD and CEO be debt-free
OUR BUREAU
Mumbai, September 14

Proxy advisory firm InGovern raises The rally also pushed Nifty Reliance  Infrastructure’s  new

concern over role of audit committee
AYUSHI KAR
Mumbai, September 14
Even  as  Zee  Entertainment's
largest shareholders, Invesco
Developing  Markets  Fund
and  OFI  Global  China  Fund,
called for the removal of the
company’s MD and CEOPunit
Goenka,  corporate  gov­
ernance  advisory  body  In­
Govern  has  raised  concerns
over  his  appointment  to  the
company’s audit committee.
Goenka  was  appointed  a
member  of  the  audit  com­
mittee  with  effect  from
March  17, 2021,  replacing
Ashok  Kurien  and  Manish
Chokhani.  InGovern  noted
that  it  was  surprising  that  a
promoter and MD, Goenka, a
non­independent  executive
director, has been appointed
as  an  audit  committee
member.
“It is strange that the Board
allowed  such  induction  of  a
promoter  executive  director
into  the  audit  committee,”
said InGovern.
Goenka  is  the  son  of  Essel
Group  patriarch,  Subhash
Chandra. Essel Group owns 4
per  cent  stake  in  Zee after
selling their majority stake to
pay  Chandra’s  mounting
₹13,000­crore  debt.  Zee’s
largest  shareholders have
called  an  Extraordinary  Gen­
eral Meeting for the removal
of  Goenka  from  the  com­
pany’s board of directors. The
date  of  the  EGM  is  yet  to  be
notified.  expectations  of  improve­
Other concerns
Proxy  advisory  firm  Investor
Advisory  Services  also  raised
concerns  against  Ashok  Kur­
ien  and  Manish  Chokhani,
calling  against  their  re­ap­
pointment to the company’s
board of directors during the
AGM  which  was  held  on
Tuesday.
However,  Kurien  and
Chokhani  resigned  ahead  of
the  AGM.  Other  concerns
raised  by  InGovern  against
the  Essel  Group  include  the
fact that some party transac­
tions  related  to  the  audit
committee  overseen  by  Kur­
ien and Chokhani have led to
the  promoters’Essel  Group
shareholding  being  reduced
to 3.99 per cent. “Zee is prob­
ably one of the few compan­
ies  where  the  promoters  re­
tain  significant  control  over
Punit Goenka, MD and
CEO, Zee Entertainment
the company with very little
shareholding,”  InGovern
said.  investors  sought  the  ouster
Under  Chokhani  and  Kur­
ien, the audit committee did
very little to safeguard the in­
terests  of  the  company  and
the  minority  shareholders,
according to InGovern.
“Even  the  currently  quali­
fied  consolidated  financial
statements  show that  little
has been done to completely
unwind  all  abusive  related
party transactions. The audit
committee  has  not  ensured
that  the  Put  Option  is  prop­
erly  recognised  in  the  books
as  per  accounting  stand­
ards,”  said  the  InGovern  re­
port.  on Tuesday, data provided by
Meanwhile, shares  of  Zee
Entertainment  Enterprises
Ltd  rallied  40  per  cent,  re­
cording  fresh  highs  on  Tues­
day.  crore.  Reliance Power
Media  index  up  14.40  per
cent at closing to 1,972.50. The
index, during the day, also hit
a fresh  52­week  high  of
1,995.20.
Binod Modi, Head Strategy
at  Reliance  Securities,  said,
“Notably,  Nifty  Media  index
gained12 per cent mainly led
by a sharp rally in Zee Enter­
tainment  following  growing
ment  in  corporate  gov­
ernance standards after large
of select directors of the com­
pany.”  award  in  favour  of  Delhi  Air­
Updated rating
Kotak Securities updated the
rating  of  the  stock  to  ‘Buy’
with a Future Value of ₹250.
“We expect the stock to re­
rate  and  the  gap  between
Zee’s  market  value  and  in­
trinsic  value  to  narrow  not­
withstanding  the  evolving
situation,” it said in a note.
Meanwhile,  Rakesh  Jhun­
jhunwala­owned  Rare  Enter­
prises  bought  shares  of  Zee
Entertainment  Enterprises
stock  exchanges  revealed.
Rare  picked  up  5  million
shares (0.52 per cent stake) at
₹220  per  share  for  ₹110.2
growth engines will be centred
around the power distribution
business as the new Electricity
Act will open up a plethora of
opportunities;  new  contracts
in  EPC;  and  defence  manufac­
turing,  said  Anil  Ambani,
Chairman, Reliance Infrastruc­
ture, at the company’s annual
general meeting on Tuesday.
He also said that Reliance In­
frastructure will receive ₹7,100
crore from the Delhi Metro Rail
Corporation after a recent Su­
preme  Court  judgement
which upheld  the  arbitral
port Metro Express Private Lim­
ited (DAMEPL) — a Reliance In­
fra  arm  that  used  to  operate
the  Delhi  Airport  Metro  Line.
The proceeds will be utilised to
repay the debts of Reliance In­
fra  and  the  company  will  be­
come debt­free, Ambani said. 
Pending disputes
He added that there are regu­
latory  assets  worth  ₹50,000
crore  under  approval  or  dis­
pute before various forums for
its  power  distribution  busi­
nesses.  Further,  arbitration
claims worth ₹15,000 crore are
pending  before  various
forums.
Speaking  at  Reliance  Power’s
AGM,  Ambani  said  the  com­

Differences crop up among small investors on  pany has ensured the availabil­
YES Bank’s proposal to oust Dish TV board
Proxy advisory services firm SES disagrees
with lender on removal of directors but
agrees on need for change in the board
SURABHI
Mumbai, September 14
There is a difference of opin­
ion among smaller investors
on  YES  Bank’s  proposal  to
oust the board of Dish TV. 
Proxy  advisory  services
firm  SES  said  YES  Bank  has
not  given  sufficient  reason
for  its  proposal.  It  has  also
disagreed  with  the  private
sector  lender’s  contention
that  the  directors  ought  to
be  removed  for  approving
the  rights  issue  with  inten­
tion  to  dilute  the  bank’s
shareholding  but  has  partly
agreed with its contention of
disproportionate representa­
tion  of  promoters  on  the
board.
It  has,  however,  under­
lined  that  there  are  serious
governance issues at Dish TV
and  those  responsible  for  it
must  be  penalised.  However,
there is a difference in penal­
ising wrong doers and penal­
ising the company itself.
SES disagreement
“SES  disagreement  emanates
from the following — a rights
issue  is  the  only  medium  of
capital  raising,  which  in  fact
protects against any dilution
to all, unless one forgoes the
right.  If  YES  Bank  does  not
want  to  infuse  capital  in  the
company,  in  that  case  every
other  option  for  raising  cap­
ital will ultimately lead to di­
lution  of  YES  Bank’s  stake  in
the  company,”  SES  said  in  its
report  on  Dish  TV  ahead  of
the  company’s  annual  gen­
eral  meeting  on  September
27.
Noting that the board’s de­
cision to opt for a rights issue
was  based  on  the  recom­
mendation  of  the  sub­com­
mittee  of  independent  dir­
ectors,  SES  said  by  choosing
to  remove  them  as  well,  YES
Bank  has  put  a  question
mark on their independence,
prudence and capability.
Independent directors
Accordingly,  on  YES  Bank’s
special  notice  for  removal  of
directors,  SES  said  there  ex­
ists no reason for removal of
the  company’s  independent
directors  —  Rashmi  Aggar­
wal,  Bhagwan  Das  Narang
and Shanka Aggarwal.
However,  it  has agreed
with the lender’s proposal to
remove  Dish  TV  promoter
Jawahar  Goel  from  his  posi­
tion  as  CMD.  It  pointed  out
that  the  promoters  are  in
control of the company with
only  3.57  per  cent  of  unen­
cumbered equity.  the  companies.  The  pro­
SES  is  also  against  YES
Bank’s  proposal  to  appoint
new  directors  pointing  out
that  the  proposed  directors
can only be appointed to the
board  after  approval  of  the
Ministry  of  Information  and
Broadcasting.
The  firm  has  also  advised
shareholders  to  vote  against
Dish TV’s resolution to re­ap­
point  Ashok  Mathai  Kurien,
Director.
“SES is of the view that the
Audit  Committee  has  failed
in  its  duty  to  provide  a  true
and  fair  representation  of
the  company's  financial
statements  to  its  sharehold­
ers,”  it  said,  adding  that  as
Kurien  is  part  of  the  Audit
Committee,  SES  is  raising  a
governance  concern  with  re­
spect to his reappointment.
InGovern’s view
But  with  huge  under  per­
formance  by  the  company,
proxy  advisory  services  firm
InGovern  said  there  is  noth­
ing wrong with the proposal
to  remove  the  Dish  TV
promoter.
“In  the  case  of  both  Zee
and  Dish  TV,  the  promoter
has  less  than  five  per  cent
shareholding  and  there  is
huge  under  performance  by
moter  wants  to  continue  to
be  in  control  but  does  not
seem to have a good plan for
the future.  further  resolutions  for  re­
“YES  Bank,  with  a  share­
holding of 25 per cent in Dish
TV,  is  interested  in  a  change
in  the  board.  There  is  noth­
ing wrong with it. Sharehold­
ers  are  just  holding  the
board  accountable  for  per­
formance  of  the  companies
and  not  preventing  related
party  transactions,”  Shriram
Subramanian,  Founder  and
MD,  InGovern,  told
BusinessLine.
The lender’s proposals are,
however,  pending  approval
from the Ministry of I&B.
YES Bank, which holds over
25  per  cent  stake  in  Dish  TV,
has  called  for  removing  the
company’s  entire  board  on
the  grounds  that  it  is  pur­
portedly acting at the behest
of  certain  minority  share­
holders holding merely 6 per
cent  of  shares  in  the
company.
The  bank  did  not  respond
to an e­mail query from Busi-
nessLine on the issues.
‘Not legally tenable’
SES said while it would want
to see a change in the Dish TV
board,  it  is  constrained  as
YES  Bank’s  resolutions  are
neither  legally  tenable  nor
are  they  in  the  interest  of
company,  unless  a  solution
to  vacuum  in  the  board  is
found.
YES  Bank  could  have  pro­
posed  just  the  appointment
of  new  directors  without  re­
moval  of  existing  ones  and
made  their  appointment
subject  to  approval  of  the
Ministry  of  I&B.  Once  ap­
proval is obtained, placed for
moval  (which  might  not
have  been  required),  in  all
probability,  existing  direct­
ors would have seen the writ­
ings  on  the  wall  and  would
have  bowed  out  voluntarily,
it noted.
ity of its power plants to gener­
ate  power  and  honour
commitments  made  under
various power purchase agree­
ments despite Covid­19.
Reliance  Power  reduced  its
debt by nearly ₹3,100 crore in
FY21.  It  expects  to  further re­
duce it by ₹3,200 in FY22.
Ford India firm
on decision to
shut shop in India
G BALACHANDAR
Chennai, September 14
US  carmaker  Ford  India,  it  ap­
pears, is firm on its decision to
end manufacturing operations
in  India.  This  was  revealed  by
the company as it initiated dis­
cussions  with  its  workers’
union  to  explain  the  reasons
for its exit from vehicle manu­
facturing, and will continue its
dialogues  with  the  employees
and union.  JSW Steel Coated, a subsidi­
The  company  held  its  first
discussion  with  The  Chennai
Ford  Employees’  Union  on
Tuesday  to  discuss  its  plan  of
shutting  down  vehicle  manu­
facturing  operations  at  Chen­
nai  and  Sanand  factories.  The
sudden  announcement  sent
shockwaves to all stakeholders
as the Blue Oval brand’s exit is
expected  to  adversely  affect
thousands of jobs and its coun­
try­wide dealership network.  pany has a capacity of 3.79 lt
It is reliably learnt that Ford’s
closure  came  up  during  the
meeting Tamil Nadu Chief Min­
ister MK Stalin had on Tuesday
morning  with  Industry  Minis­
ter  Thangam  Thennarasu  and
senior government officials, in­
cluding  Chief  Secretary  V  Irai
Anbu and Industry Secretary N
Muruganandam.  However,  no
further details were available.  aging  Director,  JSW  Steel,
Tinplate makers ramp up capacity
with ₹2,500­crore investments
See steady increase
in demand
SURESH P IYENGAR
Mumbai, September14
Amid the raging controversy
over  tinplate  imports,  exist­
ing  producers  JSW  Steel  and
Tata  Steel  are  increasing  ca­
pacity with an investment of
about ₹2,500 crore.
ary  of  JSW  Steel,  plans  to  in­
crease  capacity  by  2.80  lakh
tonnes  (lt)  to  6.30  lt  by  next
June  with  an  investment  of
₹700 crore.
Similarly,  market  leader
Tinplate Company of India, a
subsidiary  of  Tata  Steel,  will
put  up  an  additional  capa­
city of 3 lt with an estimated
investment  of  ₹1,800  crore.
At  present,  Tinplate  Com­
while two plants of JSW Steel
Coated  at  Ludhiana  and
Tarapur  have  cumulative
production  capacity  of  2.30
lt.
Approved  in  August,  Tin­
plate  Company  expansion  is
expected  to  go  on  stream  in
about three years.
Seshagiri  Rao,  Joint  Man­
told  Business Line that  tin­
plate  expansion  of  30,000
tonne  at  Ludhiana  will  be
commissioned  by  January
and another 2.50 lt will go on
stream by June.
“When  we  took  over
Vallabh  Tinplate  five  years
back  it  had  a  capacity  of
30,000­40,000  tonnes  per
year,  now  it  has  been  in­
creased  to  over  one  lakh
tonne  and  we  have  set  up  a
modern  tinplate  plant  of
2.50  lt.  We  will  be  investing
another  ₹700  crore  to
double  the  capacity,”  he
added.
BIS certification
The  addition  of  fresh  capa­
city  by  both  the  leading  tin­
plate  manufacturers  comes
at a time when imports have
come to a standstill after the
government  made  it  man­
datory  for  exporting  com­
panies to register for Bureau
of  Indian  Standard  certifica­
tion.  The  demand  for  tin­
plate  has  been  increasing
steadily  from  the  food  pack­
aging  industry  with  the  en­
suing  festival  season  and  re­
vival of overall economy.
Defective imports
Though  can  manufacturers
have  been  claiming  tinplate
short supply after the BIS cer­
tification  was made  mandat­
ory,  tinplate  companies
claimed that they are operat­
ing at 50­60 per cent capacity
utilisation  due  to  import  of
defective  tinplate  which  are
about 25­30 per cent cheaper
than the prime material.
“We  are  not  against  im­
ports  but  shipments  of  de­
fective  materials  which  are
rejected by other countries is
a worrying  factor  as  70  per
cent  of  the  material  is  used
for  food  packaging,”  said  a
steel company official.
With the fall in steel prices,
tinplate prices will also come
down, he said.
Of  2.05  lt  of  tinplate  im­
ports  last  fiscal,  about  1.55  lt
was  defective  while  in  FY20
imports  were  at  2.80  lt  of
which  2.22  lt  was  defective,
he added.

Techno Electric to build 250 MW  Uniphore ropes

data centres in next five years
Starts process of
setting up first IT
load data centre of
30 MW in Chennai
SHOBHA ROY
Kolkata, September 14
Kolkata­based  power  infra­
structure firm Techno Electric
& Engineering  Company  Ltd
(TEECL) is looking to build 250
MW  data  centres  across  the
country in the next five years.
Plans are also afoot to extend
its footprint in the data centre
business to the APAC region.  around ₹900 crore. This is ex­
The  company,  which
clocked a turnover of around
₹890  crore  in  FY21,  currently
provides end­to­end solutions
to  customers  across  the  elec­
tricity  value  chain  through
EPC  (engineering,  procure­
ment  and  construction)  ver­
tical, asset ownership and op­
erations  and  maintenance
services.  view, we forayed into the data
Increasing demand
TEECL  has  established  a  “de­
industry. As one of the world’s
largest data subscriber popu­
lations continue to adapt to a
new  digital  life,  India’s  data
centre demand is expected to
grow  exponentially.  We  in­
tend  to  contribute  to  this  in­
dustry  through  multiple  ul­
tra­scalable,  hyper­density
tailed  roadmap”  for  its  data data  centres,”  the  company
centre business leveraging on said in the report.
its  EPC  capabilities.  It  has
already  commenced  the  pro­ Project in Chennai
cess  of  setting  up  its  first  IT The  data  centre  in  Chennai
load data centre of 30 MW in would be powered by captive
Chennai,  Tamil  Nadu,  for  an wind  energy  source  of  111.9
estimated  investment  of MW  at  Tamil  Nadu.  It  would
operate the non­IT portion of
pected to be commissioned in data centres by leveraging its
FY23. experience  of  operating  and
It is also looking to set up 20 maintaining other large infra­
MW edge data centre in Kolk­ structure  assets.  It  also  plans
ata by FY23. It also plans a data to  utilise  cable  landing  sta­
centre  at  Hyderabad  by  FY24 tion, which is under develop­
and another one at Navi Mum­ ment by the Tamil Nadu gov­
bai by FY25, the company said ernment,  for  providing
in its latest annual report.  subsea broadband connectiv­
“During  the  year  under  re­ ity  links  with  European  and
Asian markets (APAC Region).
centre  industry  with  a  vision This  apart,  it  plans  to  obtain
to  contribute  significantly  to certifications for data centres
India’s  emerging  data  centre at Tier­3 and Tier­4 towns.
in Ritesh Idnani
as global chief
revenue officer
OUR BUREAU
Bengaluru, September 14
Conversational  AI  company,
Uniphore,  has  onboarded
Ritesh  Idnani  as  its  chief  rev­
enue officer (CRO).
With over 25 years of experi­
ence in technology, business ser­
vices customer experience (CX),
and contact centers, Idnani has
worked across a wide range of
businesses  including  start­ups,
growth, and multi­billion­dollar
enterprises.  Idnani  has  experi­
ence in both the services (applic­
ations, infrastructure, and pro­
cess)  and  the  products  (SaaS/
BPaaS/PaaS) side of the business.  Southern footprint
Prior to this, Idnani was with
Tech Mahindra where he spent
the last five years as the presid­
ent of a $1.4 billion portfolio of
businesses which he grew at 7­8
times the industry growth rate.
In  addition  to  leading  Tech
Mahindra, he has been an inde­
pendent advisor to the boards,
CEOs, and leadership teams of a
number  of  public  and  private
mid­size businesses.  Vogo  has  about  20,000
Vogo to expand in five cities in North over next 3 months
YATTI SONI
Bengaluru, September 14
Mobility start­up Vogo will ex­
pand to five North Indian cit­
ies  over  the  next  three
months,  as  its  two­wheeler
subscription  product  Vogo
Keep  boosts  fleet  utilisation
to full capacity.  pand  its  footprint  and  add
The  expansion  will  be
driven  by  how  much  addi­
tional  subsidy  the  respective
States  offer.  “Delhi,  Chand­
igarh and others are offering
various  benefits  like sub­
sidies,  free  parking  and  sub­
sidised  electricity  to  shared
mobility  players  like  us,”
Anand Ayyadurai, Co­founder
and CEO, Vogo, told Business-
Line.  In  Hyderabad,  just  before
In August, Vogo launched op­
erations  in  Mangaluru and
Udupi  taking  its  South  India
footprint to five cities includ­
ing  Bengaluru,  Hyderabad
and  Mysuru.  Two­wheeler
subscription  product  Vogo
Keep  was  launched  in  June
2020 and today about 95 per
cent  of  the  company’s  fleet
operates under this model.  place  where  we  are  fully  util­
Anand Ayyadurai,
Co-founder and CEO, Vogo
vehicles  and  almost  70  per
cent  of  these  vehicles  are  in
Bengaluru (which  reached
full  utilisation  in  August
2021), and about 30 per cent of
the total fleet is in Hyderabad
(which  reached  full  utilisa­
tion in October 2020).  but they are not a large part of
the  Covid  second  wave,  the
company  increased  the  fleet
size  by  around  500  vehicles
and those additional vehicles
are also being used today. The
company  is  experimenting
with  expansion  in  new  cities
and has launched 100 vehicles
in Mangaluru and Udupi.
“After  a  year  of  having  ups
and downs in terms of growth
etc, we have finally reached a
ised  and  we  can  actually  ex­
pand.  The  plan  is  to  double
our  fleet  from  where  it  is
today,” said Ayyadurai. 
Fund raise
Vogo  raised  $11.5  million  in
Series  C  round  in  February
and  plans  to  use  this  to  ex­
more  vehicles  in  existing  cit­
ies.  Vogo  is  backed  by  in­
vestors  like  Matrix  Partners,
Stellaris Venture Partners, Ka­
laari  Capital,  Ola  and  LGT
Lightstone.  the Vogo Keep customers sub­
Currently, over 90 per cent
of Vogo vehicles are fuelled by
gasoline,  though  there  are
still some 100 electric vehicles
the  fleet.  A  majority  of  the
vehicles added in the two new
cities are electric and the com­
pany  is  now  experimenting
with  charging,  battery  swap­
ping  infrastructure,  and  the
use­cases  that  will  work  for
electric vehicles.  wave,  Yulu’s  revenue  share
The  Vogo  Keep  model  is
slightly  low  in  terms  of  per
day  revenue  generation  as
compared  to  Vogo's  on­de­
mand product (Vogo Now) be­
cause  in  Vogo  Now  the  fuel
cost was also being charged to
the  customer.  But  overall,
Vogo  Keep's  subscription
model is a much more profit­
able product for the company,
Ayyadurai said.
The  company  is  experi­
menting  with  various  price
options  for  the  electric  two­
wheeler subscriptions, where
the  customer  could  pay  a
slightly higher per day rental
but still save money in terms
of  fuel  costs  and  mainten­
ance. Currently, 30 percent of
scribe to the service for a 15­30
day period and this user base
is  said  to  be  almost  entirely
gig  workers.  The  per­day
rental charged for Vogo's gas­
oline vehicles is around ₹150. 
Another  shared  mobility
company  Yulu  had  started
bike  rentals  for  gig  workers
last  year  and  claims  to  have
seen a great market response.
During  India’s  second  Covid
from gig worker rentals grew
from single digit to almost 20
per cent of the total revenue.
Following this, Yulu launched
a new  category  of  vehicles
specifically  for  gig  workers
called Yulu DEX. 

CM . ...... . . ...BG-BGE
YK
BENGALURU
BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021
GST Council may consider bringing Wholesale inflation rises to 11.39% in August
petrol, diesel under indirect tax regime
Compensation
mechanism also
on September 17
meeting agenda
SHISHIR SINHA
AM JIGEESH
New Delhi, September 14
The Goods & Services Tax (GST)
Council,  in  its  meeting  to  be
held on September 17, is likely to
initiate  deliberation  on  bring­
ing petrol and diesel under the
indirect  tax  regime.  Although
this issue is a follow­up to a dir­
ection issued by the Kerala High
Court, the State itself is oppos­
ing such a move.  The Kerala High Court, in its or­
At the meeting, the Council is
also expected to discuss various
Order on GST computation for RWA contributions stayed
Division Bench says the CBIC circular on
the subject has ‘wider ramifications’
SHISHIR SINHA
New Delhi, September 14
A division  Bench  of  Madras
High  Court  has  stayed  the
quashing  of  a  Central  Board
of  Indirext  Taxes  and  Cus­
toms (CBIC) circular prescrib­
ing GST on the entire contri­
bution  to  Resident  Welfare
Association  (RWA),  if  the
amount exceeds ₹7,500.
A division Bench of Justices
TS Sivagnanam and Sathi Ku­
mar Sukumara Kurup stayed
the quashing of the CBIC or­
der  till  further  order  as  “the
circular  has  wider
ramification.”
On  July  1,  a  single  Judge
Bench  of  Justice  Anita  Sum­
anth had ruled that the con­
clusion of the Tamil Nadu Au­
thority  for  Advance  Ruling
(AAR) as well as the circular to
the  effect  that  any  contribu­
tion above ₹7,500 would dis­
entitle  the  RWA  of  exemp­
tion, is contrary to the express
language of the entry in ques­
tion and both stand quashed.  than  ₹7,500,”  she  argued
“To clarify, it is only contri­
butions  to  RWA  in  excess  of
India-UK FTA negotiations likely to begin in November
Goyal, Liz Truss
discuss progress
made by both
countries
OUR BUREAU
New Delhi, September 14
Negotiations  for  the  proposed
India­UK Free Trade Agreement
are likely to begin by November
2021 with both sides focussing
on an interim agreement, with
limited  items,  to  begin  with,
which  is  to  be  followed  by  a
comprehensive  agreement,
Modi to travel to US for
Quad Summit this month
India, Japan, US,
Australia to review
work done so far in
Covid vaccine initiative
OUR BUREAU
New Delhi, September 14
Prime  Minister  Narendra
Modi will travel to Washing­
ton  this  month  to  particip­
ate  in  the  Quad  Leaders’
Summit  with  his  counter­
parts  from  Japan,  the  US
and  Australia,  where  the
four will review the Covid­19
vaccine  initiative
launched  in  March
this  year.
Modi,  Aus­
tralian  Prime
Minister  Scott
Morrison,  Japan­
ese  Prime  Minis­
ter  Yoshihide  Suga
and  US  President
Joseph  Biden  will  also
take  up  progress  made  in
various  areas  since  their
first  virtual  Summit  on
March  12,  2021  and  discuss
regional issues of shared in­
terest  in  their  meeting  on
September  24,  according  to
an  official  release  issued  by
the  Ministry  of  External
Affairs.
CM
YK
Some States are not in favour of
bringing fuel under GST  as per Article 279 A(5) of the Con­
options for compensation bey­
ond June 2022.  the tax will be levied on the said
Sources said that keeping in
mind the directions of the High
Court on fuel, the issue has been
listed  on  the  meeting  agenda.
der dated June 21, had directed
“the GST Council to forward the
₹7,500 that would be taxable
under GST Act,” she had said.
Tax department appeals
The  Tax  Department  had  ap­
pealed against the ruling. Ap­
pearing  for  the  department,
Advocate R Hemalatha raised
four propositions of the law.
She said that as per the law, it
is the transaction value that is
subjected to GST and transac­
tion value would be the entire
amount contributed towards
maintenance  charges.  The
transaction  value  cannot  be
bifurcated.  Since  no  exemp­
tion  is  granted  when  the
amount  exceeds  ₹7,500,  the
entire  transaction  value
would be subjected to tax.
“The word ‘upto’ can be in­
terpreted  in  both  ways.  It
could  either  mean  exemp­
tion is granted only when the
transaction value is less than
₹7,500 or exemption is gran­
ted only for ₹7,500 when the
transaction  value  is  more
while  highlighting  that  ex­
emption  under  GST  is  adop­
Consultation paper on
proposed FTA made public
Commerce & Industry Minister,
Piyush Goyal, said.
Goyal,  and  his  British  coun­
terpart  Elizabeth  Truss,  dis­
cussed  progress  made  in  both
Modi  is  scheduled  to  ad­
dress  the  general  debate  of
the  High­Level  Segment  of
the  76th  Session  of  the
United  Nations  General  As­
sembly  on  September  25  in
New York, the release added.  penditure  and  to  also
This year’s theme
The  theme  this  year  is
‘Building  Resilience
through  hope  to  recover
from  Covid­19,  rebuild  sus­
tainably,  respond  to  the
needs  of  the  planet,  respect
the  rights  of  people,  and  re­
vitalise  the  United  Nations’.
Under  the  Quad  vaccine
initiative,  India,  the
US,  Japan  and  Aus­
tralia  had  decided
to  pool  financing,
manufacturing
and  distribution
capacity  to  send  1
billion  Covid­19
vaccines  across  Asia
by  the  end  of  2022.
Quad  is  a  new  alliance  es­
tablished  by  the  four  coun­
tries  to  promote  their
shared  vision  for  a  free  and
open  Indo­Pacific,  and  is
also perceived by many ana­
lysts  as  a  group  to  counter
China’s  growing  economic
and  political  might  in  the
region.
representation  of  inclusion  of
petrol and diesel under the GST
to the Union of India to take an
appropriate  decision  within  a
period  of  six  weeks  from  the
date of receipt of the copy of the
representation.”  current fiscal, it crossed ₹1 lakh
As on date, the GST law does
not  debar  petrol,  diesel,  crude
oil,  aviation  turbine  fuel  and
natural gas from GST. However,
stitution,  the  Council  will  re­
commend  the  date  on  which
petroleum products.  ala is opposed to bringing more
Important revenue source
Taxes  on  petrol  and  diesel  are
very  important  source  of  rev­
enue not just for the Centre but
also for the States. For example,
On July 1, a single Judge Bench had ruled that any contribution
above ₹7,500 would disentitle RWA of exemption KARUNAKARAN M
tion of service tax regime. She
also said the exemption is in­
tended  for  middle  class  and
not for the owners of luxury
apartments.  own  an  apartment  a  little
The  legislative  intention
could  be  seen  in  the  Budget
speech  2012­13  where  the  ex­
emption  for  the  monthly
charges payable by a member
to housing society was raised
from ₹3,000 to ₹5,000. While
countries  in  preparing  for  the
negotiations in a virtual meet­
ing on Monday.
Extensive consultations
At  the  meeting,  the  Minister
pointed  out  that  substantial
work  had  already  been  done
and extensive stakeholder con­
sultations  had  been  held  in­
volving  industry  and business
associations, export promotion
councils,  buyerand  seller asso­
ciations,  regulatory  bodies,
Ministries  and  Departments,
and public research bodies, a re­
lease issued by the Ministry of
Steel Minister
directs CPSEs to
step up their capex
OUR BUREAU
New Delhi, September 14
Steel Minister Ram Chandra
Prasad  Singh  has  directed
steel  CPSEs  to  step  up  the
pace  of  their  capital  ex­
streamline  the  processes
for  timely  completion  of
projects,  the  Steel  Ministry
said  Tuesday  in  a
statement.
In  a  capex  review  meet­
ing  held  on  Tuesday  with
steel  CPSEs  —  Steel  Author­
ity  of  India  Ltd  (SAIL),  Na­
tional  Mineral  Develop­
ment  Ltd (NMDC),
Rashtriya  Ispat  Nigam  Ltd
(RINL),  Kudremukh  Iron
Ore  Company  Ltd  (KIOCL)
and  Manganese  Ore  (India)
Ltd  (MOIL)  —  the  Minister
also  emphasised  the  im­
portance  of  capital  ex­
penditure  in  building  steel
infrastructure  to  spur  high
and  sustainable  growth  in
the post Covid­19 pandemic
period.
Meanwhile,  the  Minister
also  reviewed  the  land  is­
sues  of  integrated  steel
plants  of  SAIL  and  other
steel  CPSEs  and  also  re­
viewed  various  issues  re­
lated  to  the  land  available
with the steel CPSEs.
the total Central excise duty, in­
cluding  cesses,  collected  from
petrol and diesel from the finan­
cial  year  2014­15  to  2020­21  is
about ₹14.4 lakh crore and dur­
ing the first three months of the
crore. With prices going up and
taxes  not  coming  down,  there
has been a demand for bringing
petrol and diesel under GST.  Index (CPI) which slipped to a
However, States such as Ker­
ala are not in favour of such a
proposal.  State  Finance  Minis­
ter KN Balagopal said that Ker­
goods  and  services  under  the
current GST regime. “There’s no
move to bring petroleum under
the ambit of GST. We will oppose
any  such  move  from  the
Centre,” he said.  to  maintain  a  status  quo  on
MADRAS HC RULINGS
discussing  about  Affordable
Housing Scheme, it was said
that  the  said  proposal  is  to
make  the  life  of  those  who
easier. Therefore, “no exemp­
tion  is  applicable  when  the
monthly  contribution  ex­
ceeds  ₹7500,”  she
emphasised.
After  hearing  the  argu­
ments, the bench opined that
Commerce  stated.  A  consulta­
tion paper on the proposed FTA
was also made public for wider
participation.
“They discussed the findings
from  the  consultation  and
agreed on steps to get ready to
launch  negotiations  later  this
year — including the start of a
series of trade working groups
from  September,”  said  a
readout of the meeting put up
by the UK Department of Inter­
national Trade.
These  discussions  between
the UK and Indian governments
will help both sides better un­
Exports in Aug rise across
sectors, post 45.76% growth
Imports rise 51.72%
to $47.09 b, trade
deficit widens
OUR BUREAU
New Delhi, September 14
Robust  performance  across
sectors  such  as  engineering
goods,  petroleum  products,
gems  &  jewellery,  marine
products,  electronics  and  tex­
tiles helped India’s total goods
exports  continue  on  the  high
growth  track  in  August,  post­
ing  a  45.76  per  cent  rise  year­
on­year (Y­o­Y) at $33.28 billion,
according to the Commerce &
Industry  Ministry’s  quick  es­
timates released on Tuesday.  pointed  out  Prahalathan  Iyer,
However,  exports  in  August
2021  were  about  5  per  cent
lower than the exports in July
2021, valued at $35.17 billion.
Imports  in  August  2021  in­
creased 51.72 per cent to $47.09
billion, pushed by sharp rise in
imports of gold, petroleum, ve­
getable  oil,  pearls,  precious
and semi­precious stones, ma­
chinery,  iron  and  steel  and
coke.
The trade balance for August
2021  stood  at  $13.81  billion  as
against $8.20 billion in August
2020,  which  was  a  decline  of
68.3 percent, as per the figures
released.
The quick estimates are sim­
High rate of inflation is primarily due
to rise in prices of non-food products
OUR BUREAU
New Delhi, September 14
Higher  prices  of  mostly  non­
food products pushed produ­
cers’  inflation  based  on
Wholesale  Price  Index  (WPI)
to  11.39  per  cent  in  August  as
against  11.16  per  cent  in  July.
This is contrary to retail infla­
tion based on Consumer Price
four­month low of 5.3 per cent
in August.
However,  upward  move­
ment  in  WPI  and  downward
movement in CPI are unlikely
to make any impact on policy
rate  revision  process  by  the
Monetary  Policy  Committee
(MPC).  The  Committee  will
meet next month and is likely
the  legal  issue  has  to  be  de­
cided  in  the  matter  and  ac­
cordingly,  it  accepted  the
appeal.
It may be noted that Tamil
Nadu AAR, in its order in June
21, 2019, had stated that grant
of  exemption  was  condi­
tional upon the contribution
being an amount of ₹7,500 or
less.  “If  the  contribution  ex­
ceeded the sum of ₹7,500, the
very entitlement of that RWA
to exemption would stand de­
feated and the entirety of the
amount collected would have
to be brought to tax,” it said.
Following  this,  a  Finance
Ministry  circular,  dated  July
22, 2019, explained that the ex­
emption  from  GST  on  main­
tenance charges charged by a
RWA  from  residents  is  avail­
able  only  if  such  charges  do
not exceed ₹7,500 per month
per member.  Upon hearing the submissions
“In case the charges exceed
₹7,500 per month per mem­
ber, the entire amount is tax­
able. For example, if the main­
tenance  charges  are  ₹9,000
per month per member, GST
at 18 per cent shall be payable
on  the  entire  amount  of
₹9,000 and not on (₹9,000 ­
₹7,500) ₹1,500,” it explained.
derstand each other’s position
on  potential  chapter  areas  in
any trade deal including tariffs,
standards,  IP,  and  data  regula­
tion, the readout added.
Bilateral working groups
Goyal  said  there  was  keenness
to have an early conclusion of
negotiations for quick and early
economic  benefits  to  busi­
nesses  on  both  sides.  Bilateral
working groups (BWGs) for dif­
ferent tracks had been formed
to  understand  ambitions,  in­
terests and sensitivities of one
another to facilitate accelerated
ilar  to  the  provisional  estim­
ates  of  trade  data  for  August
2021 released by the Commerce
Ministry earlier this month.
Cumulative export value
Cumulative  value  of  exports
for  the  period  April­August
2021 stood at $164.10 billion, re­
gistering a growth of 67.33 per
cent  over  the  comparable
period last year. In the April­Au­
gust 2021 period, imports grew
at  80.89  per  cent  to  $219.63
billion.
“The  buoyancy  in  exports
continues in the month of Au­
gust with resilient demand in
India’s major export markets,”
Chief  General  Manager,  Re­
search  &  Analysis,  India  Exim
Bank. 
BusinessLine
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whatsoever for any claims and/or damages
for advertisements in this newspaper.
the  policy  rates  and  accom­
modative stance.
“The  high  rate  of  inflation
in August is primarily due to
rise in prices of non­food art­
icles,  mineral  oils,  crude  pet­
roleum  &  natural  gas,  manu­
factured  products  like  basic
metals,  food  products,  tex­
tiles, chemicals and chemical
products etc as compared the
corresponding  month  of  the
previous  year,”  a  statement
from  the  Office  of  Economic
Adviser,  Department  for  Pro­
motion  of  Industry  and  In­
ternal  Trade  (DPIIT)  said  on
Tuesday.  articles,  minerals  and  core
All  the  three  major  groups
recorded upward movement,
with  WPI  inflation  for
primary articles, fuel & power
Order on bumper-to-bumper
insurance cover withdrawn
Counsels of IRDAI,
GIC, SIAM submit
such a policy not
logistically feasible
OUR BUREAU
Chennai, September 14
The Madras High Court has with­
drawn  its  order  on  bumper­to­
bumper insurance following sub­
missions made by counsels of In­
surance  Regulatory  and
Development  Authority  of  India
(IRDAI),  General  Insurance  Cor­
poration of India (GIC) and the So­
ciety of Indian Automobile Manu­
facturers (SIAM) that the Court’s
direction may not be conducive
and suitable for implementation
in the current situation.
made on behalf of IRDAI, GIC and
SIAM, it would appear that the or­
der dated August 4, 2021 mandat­
ing  the  coverage  of  bumper­to­
bumper policy may not be logist­
ically  and  economically  feasible
for  effective  implementation  in
the  present  legal  dispensation,
said Justice S Vaidyanathan in his
order issued on Monday.
progress  during  negotiations,
he  added.  “The  meetings  of
these BWGs are presently in pro­
gress and are likely to be com­
pleted by September, 2021,” the
statement said.
These  BWG  discussions
would  hopefully  help  both
sides  in  understanding  each
other’s  policy  regimes  and
would put them in a better posi­
tion  when  both  sides  begin
their Joint Scoping discussions,
beginning on October 1, to final­
ise  the  terms  of  reference  for
launch  of  negotiations  in
November, the Minister added.
NEWS
and  manufactured  products
at 6.2 per cent, 26.09 per cent
and  11.39  per  cent,  respect­
ively.  high of 11.1 per cent in August,
Expert take
Aditi  Nayar,  Chief  Economist
with  ICRA,  said  the  uptick  in
the  WPI  inflation  in  August
was  led  by  primary  non­food
items,  driven  by  elevated
commodity prices as well as a
surge in prices of oilseeds.  vehicles,  chemicals  and  elec­
“The inflation for crude pet­
It was submitted that the direc­
tions issued by the Court in Para­
graph 12 and 13 of the order have
unintended  impact,  causing
severe repercussions on the soci­
ety and therefore, the directions
issued may be withdrawn in the
interest  of  policyholders,  auto­
mobile  industry  and  public  at
large.  The  issue  of  long­term
third­party  insurance  coverage
has been mandated by the Apex
Court  in  September  2018,  and
IRDAI has been periodically mon­
itoring  the  changing  scenario
from time­to­time. Hence, there is
no need for issuance of such com­
pulsory directions, it said.  August  4,  in  Paragraphs  No.  13
The  Court  heard  the  submis­
sions  of  senior  counsels  MB
Raghavan for IRDAI, S Arunkumar
for GIC and N Vijayaraghavan for
SIAM, who stated in one voice that
the views expressed by this Court
3
roleum  and  natural  gas,  and
fuel  and  power  was  largely
stable  in  August  at  the  previ­
ous  month’s  level,  whereas
both  the  primary  and  manu­
factured food items recorded
a softening  of  inflationary
pressures,  in  line  with  the
moderation in the retail food
inflation,” Nayar added.
“The core­WPI inflation has
displayed  an  uninterrupted
hardening  for  15  consecutive
months  to  a  fresh­all  time
belying our anticipation that
the July print would prove to
be  the  peak.  After  two  soft
MoM  prints  of  0.3  per  cent
each  in  June  and  July,  the  se­
quential momentum for core
items  hardened  to  0.7  per
cent  in  August,  led  by  heavy­
weights  such  as  metals,
trical equipment,” she said.
on August 4 in respect of protect­
ive  coverage  to  uninsured  inno­
cent  victims,  such  as  gratuitous
occupants in a private car and pil­
lion riders, will be duly taken care
in consultation with IRDAI to safe­
guard the interest of innocent vic­
tims, which is the anxiety of the
Court.
‘Better insurance’
Raghavan  submitted  that  IRDAI
will consider better and fuller in­
surance  coverage  to  all  unfortu­
nate victims, be it drivers, owners
or  gratuitous  occupants  or  pil­
lion riders, as the case may be and
prayed for suitable modification
or withdrawal of the directions is­
sued by this Court on August 4.
“Considering  the  overall  sub­
missions made by the parties, in­
cluding Vijayaraghavan and tak­
ing into account the concern of
the IRDAI, this Court feels that the
direction issued by this Court on
may  not  be  conducive  and  suit­
able  for  implementation  in  the
current  situation.  Therefore,  the
said direction in Paragraph No. 13
is  hereby  withdrawn  for  the
present,” the order said.
. ...... . . ...BG-BGE
 BENGALURU

4 THINK BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021

0
xyz

wednesday, september 15, 2021

To succeed, an FPO should tick a few boxes
It should have good governance systems, be clear about its market and have a distinct identity
Labour pains SUSHANTA KUMAR SARMA and their requirements. As a result,
efficiency  is  compromised result­

T
Latest PLFS suggests India’s labour market is he  government’s  10,000 ing in rising coordination costs and
Farmer  Producer  Organ­ early failure of the FPO.
reviving post-pandemic but some segments are hit isation scheme has given
a major thrust to the FPO Lack of distinctiveness

T
he release of the quarterly Periodic La­ movement.  From  corporates  to Novelty is a central aspect of entre­
public service organisations, every­ preneurship and with no novelty to
bour  Force  Survey  (PLFS)  last  week  of­
one  has  committed  towards  pro­ offer, it is often challenging for FPOs
fers  official  insights  into  employment motion of FPOs.  to  compete  in  the  market.  Why
trends  during  the  pandemic  period. In simple terms, FPOs are collect­ should  a  member/farmer  sell  his
The  data,  covering  the  four  quarters  from  Octo­ ive  enterprises  formed  by  farmers produce to an FPO, why should the
ber­December  2019  to  October­December  2020, (primarily  rural  producers)  to  en­ board members commit their time
able  better  connect  between  mar­ in  governance  of  FPOs?  These  are
suggest that  while  the  lock­down  in  April­June ket and rural agricultural produce. the  issues  that  would  bring  dis­
2020 did throw India’s labour market into unpre­ FPOs are the latest addition to the tinctiveness  to  FPOs  while  dealing
cedented  disarray  with  a  sharp  spike  in  unem­ family  of  cooperatives  organisa­ with internal stakeholders.
ployment, a fall in workforce participation and a tions and the verdict on their suc­ Similarly,  issues  like  why  any
cess is still awaited. Organisational buyer  should  be  attracted  to  FPOs
shrinkage in the workforce itself, all of these para­ research has extensively focused on and  why  a  financial  institution
meters  thankfully  staged  a  material  recovery  by survival challenges of new ventures should come forward to help FPOs
end  of  2020.  Policy  attention,  however,  needs  to and  here  are  some  hurdles  that would  make  the  external  stake­
focus on the segments of the employed who have could derail FPOs. holders aware their distinctiveness. Looking ahead Farmer producer organisations have formidable challenges to surmount BISWARANJAN ROUT
Mature FPOs would find ways to cre­
been left worse off than before. 
Liability of newness ate  distinctiveness  and  attract  loy­ farmer  as  producer  blinds  an  FPO the  buyers  would  find  it  challen­ vices at reasonable cost. Again, the
On  the  positive  side,  overall  unemployment A young  venture  has  a  higher alty  from  stakeholders,  whereas  a from the reality of the market and ging to engage with FPO since there single­minded focus on one stake­
rates  in  urban  India  (based  on  current  weekly propensity to fail because it is new new one would find it difficult.  makes  it insensitive  towards  ex­ is little precedence for the same. In holder can be harmful. FPOs are re­
status,  believed  to  be  a  more  realistic  measure to  the  ecosystem.  This  liability  of ternal demand. So focussing solely its formative years, many FPOs fail quired to internalise that different
than the usual yearly status), after spiking to 20.9 newness  occurs  due  to  multiple Audience diversity on  procurement  from  farmers to  meet  the  demand  of  buyers  in stakeholders  have  different  yard­
battles that the new venture must FPOs  need  to  derive  support  from while ignoring the buyers and regu­ terms of quantity requirement of a sticks  to  measure  the  success  of
per  cent  in  the  lockdown­afflicted  months  of tackle at a single point of time. different  group  of  stakeholders lators will harm an FPO.  certain quality.  their venture.
April­June 2020 moderated to 10.3 per cent by Oc­ FPOs, in their formative years, are (farmer, government, buyers, NGOs As  a  result,  the  inter­organisa­ While  the  farmer  as  member
tober­December  2020,  staging  a  fairly  quick  re­ required  to  strengthen  their  gov­ etc), each with different norms and Ambiguous market category tional  relationship  often  becomes may be looking at receiving timely
bound. The proportion of folks ernance  mechanism,  engagement expectations. Hence it is crucial for Ventures  become  risky  when  they weak and buyers would often start credit from the FPO as the vital in­
with producer members, and liais­ them to understand how different have few or no precedent for their viewing FPOs as inefficient. Second, dicator  for  success,  the  corporate
Scan & Share seeking  work  dipped  to  35.9 ing  with  external  agencies  (like groups perceive their venture and operations. For FPOs getting into a at  the  level  of  members  there  is  a buyer may measure a FPO’s success
per  cent  in  Q2  2020,  but buyer,  and  input  pro­ act accordingly. new crop or a new process without mismatch of expectations. FPOs, of­ based on quality of the product. The
bounced back to 37.3 per cent viders)  for  securing  re­
Scan & Share
For  example,  the  ex­ any  precedence  is  always  riskier ten in a hurry, would make unreal­ expectations and subsequent indic­
by  the  fourth  quarter.  About sources,  etc.  Thus,  the  li­ pectation  of  a  govern­ than  doing  something  more istic  promises  to  members  to  in­ ators  for  success  become  increas­
ability  of  newness  may ment  certifying  agency routine.  FPOs  operating  in  a  new crease their membership.  ingly complex for FPOs. The recipe
33.5 per cent of the population
arise  both  from  internal for  organic  produce business environment are often in­ Such  strategy  soon  backfires  as for failure is to devise a strategy ad­
was  employed  by  Q4  2020 processes and external ac­ would  be  very  different completely  informed.  FPOs  pro­ members  stopped  their  transac­ dressing  the  expectation  of  single
compared to 28.4 per cent dur­ ceptance.  from a that of a corporate moting organic cultivation for the tions once they see the mismatch. set of stakeholders and continuing
ing peak pandemic. But the headline numbers do One of the easy ways of buyer.  The  certifying first  time  in  a  given  district  often So,  if  you  could  put  efforts  in  pre­ the measurement of success by ac­
hide some disquieting trends. A sizeable propor­ increasing  the  liability  is agency would focus on di­ fail to collect sufficient information serving  ambiguity  in  your  market counting for only one stakeholder.
by founding an FPO without invest­ ligence  while  the  buyer  would  be on  what  changes  would  be  re­ category during the period of your The  aforementioned  factors  are
tion  of  younger  folks  (ages  15­29)  who  lost  jobs ing  anything  in  the  groundwork. driven by reliability and quality.  quired  in  farming  practices,  and operation, this can be a sure shot to only  an  indicative  list  that  FPOs
during the pandemic didn’t recoup them even by Many collectives begin without do­ Most FPOs identify the farmer as how  the  authenticity  of  product failure. need to avoid to succeed. It is crucial
Q4 2020, with their unemployment rates at 24.9 ing the requisite homework on is­ their  customer.  This  is  both  good would  be  certified  by  credible for  all  stakeholders  to  make  a  col­
per cent. Populous States of Maharashtra, Madhya sues  such  as  on  the  modalities  of and  bad  news.  Good,  because  as  a authority. Multiple thresholds for success lective  effort  for  the  success  of  an
the  conduct  of  boards  meetings, member­driven  collective  enter­ The lack of clarity on the market How do you measure the success of FPO. 
Pradesh,  Rajasthan  and  Uttar  Pradesh  reporting the technical expertise required for prise, centrality of the farmer mem­ category creates hurdles for the FPO FPOs? The most common answer is
youth unemployment rate of 26­31 per cent is wor­ better  procurement  process,  and ber is vital for its existence. Bad, be­ at  two  levels.  First  at  the  level  of giving a better price to farmers for The writer is Faculty Member, Institute
rying.  Covid  also  left  the  employment  situation identifying  the  potential  buyers cause  single­minded  focus  on inter­organisational  relationship, their produce or offering input ser­ of Rural Management Anand
for women (unemployment rate of 13.1 per cent by
Q4 2020) materially worse than that for men (9.5
per  cent).  A  major  part  of  the  post­pandemic  re­
vival in jobs transpired in the low­productivity ag­
riculture  sector  which  employed  6.1  per  cent  of
the workforce in Q4 2020 versus 5.1 per cent the
previous  year,  while  sought­after  manufacturing
Catching up with China and South Korea
jobs  dipped  from  33.2  per  cent  to  32.2  per  cent. To make India a global hub for electronics manufacturing, the government must come up more short-term incentives
There were also fewer salaried jobs going around
after  the  disruption,  while  there  was  a  spike  in LLOYD MATHIAS ployment being generated. ernment  provided  financial  sup­ dia’s  electronics  manufacturing
India  is  now  the  second  largest port to specific clusters in the form sector  suffers  from  a  disability  of

T
folks employed in family enterprises and as casual
he National Policy on Elec­
labour, a shift that likely dented incomes. tronics  2019  is  an  over­
Given  the  significance  of  these  findings,  it arching  document  that
would have been useful if this PLF survey had been envisions India as a global
released last year when the Centre was formulat­ hub  for  Electronics  System  Design
and Manufacturing. It drives capab­
ing its pandemic relief packages, instead of with a ilities for developing core compon­
nine­month lag. In fact, the Centre ought to insist ents, including chipsets, and creat­
on expediting even the usual 45­day lag in the re­ ing  an  enabling  environment  for
lease of this quarterly report. The PLFS may not be the industry to compete globally.
Between 2015 and 2020, domestic
the last word on employment trends in India (it electronics  production  jumped
has been critiqued for counter­intuitive findings), from $29 billion to $81.5 billion, a 23
but it is far more representative of what’s transpir­ per  cent  Compounded  Annual
ing  than  payroll­based  data  (such  as  EPF  enrol­ Growth Rate (CAGR). The country’s
share  of  global  electronics  manu­
ments),  with  80  per  cent  of  India’s  workforce  in
facturing  trebled  from  1.3  per  cent
the informal sector.  in  2012  to  3.6  per  cent  in  2019  and
now  electronics  manufacturing
makes up 2.7 per cent of India’s GDP.  evolving.
Export  of  electronic  goods  grew
34  per  cent  from  to  $8.8  billion  in
OTHER VOICES 2018­19  to  $11.7  billion  in  2019­20,
and  made  up  as  much  as  3.74  per
cent  of  total  exports,  for  the  same
period.  However,  electronics  im­
Region must track Evergrande’s woes ports  fell  only  four  per  cent  from
$57.4 billion in 2018­19 to $54.4 bil­
Since the authorities in China announced their three red lines for lion  in  2019­20.  Domestic  demand
developers last year, it has been clear that Beijing is determined to for  electronics  hardware  is  expec­
control runaway property prices and ensure developers do not ted to increase to around $400 bil­
take on more debt than they can swallow. Reining in lending to lion by 2025. Even 10 per cent of this
real estate helps funnel funds to more productive areas of the manufactured  domestically  would
economy. Many developers responded by trimming debt, lead  to  significant  revenue  or  em­
including China Evergrande Group. Even so, the company still has
some US$89 billion (S$120 billion) debt, and has warned it may not
be able to pay all of it.  SINGAPORE, SEPTEMBER 14
manufacturer  of  mobile  phones,
though  most  of  the  components
are imported. Domestic value addi­
tion  is  still  low  at  10­30  per  cent.
This is due to the lack of ecosystems
to manufacture electronic compon­
ents,  semiconductors  and  display
manufacturing.
Major  growth  of  domestic  elec­
tronics  manufacturing  has  oc­
curred  on  account  of  assembly  of
finished  products  from  imported
electronic  components  or  sub­as­
semblies  or  parts,  mainly  catering
to domestic demand. The challenge
is  that  manufacturing  of  critical
components like displays and semi­
conductors  are  capital  intensive
and  the  technology  is  constantly
The component factor
Components are at the heart of elec­
tronic  products.  For  instance,  dis­
plays make up 25 per cent of smart­
phone  production  costs  and  as
much  as  70  per  cent  for  TVs  and
other larger screens.
Globally, setting up of such facil­
ities  has  been  possible  only  with
substantial  government  support.
Countries  like  China  and  South
Korea understood the strategic im­
portance  of  electronics  manufac­
The electronics potential /ISTOCKPHOTO
turing many decades ago and inves­
ted  heavily  in  building  the
ecosystem  from  R&D  to  logistics
and  skilling.  These  countries  now
control  around  48  per  cent  of  the
electronics  manufacturing  market
in the world.
The  Chinese  government,  for  in­
stance,  provided  investment  and
grants of up to 60 per cent of pro­
ject cost, preferential lending rates
of up to zero and even 50 per cent
subsidies  in  R&D  costs  apart  from
preferential tax rates, free land, im­
port  duty  exemptions  on  equip­
ment  and  components  sourcing
and  adjustments  of  import­export
tariff rates.  fiercely competitive sector.
Similarly,  the  South  Korean  gov­
of support fund for SME businesses,
fund  for  building  plants,  special
outlays  for  critical  components
worth millions of dollars as well as
tax  incentives,  exemptions  and  re­
bates  on  property  tax,  composite
land tax, materials, parts and equip­
ment.  South  Korean  companies
were  also  given  low­interest  loans
and duty­free import of select cap­
ital goods.
India,  on  the  other  hand,  after
moderate  success  of  M­SIPS  and
PMP policies, has come out with the
SPECS  policy  that  aims  to  provide
financial incentive of 25 per cent on
capital  expenditure  for  the  identi­
fied list of electronic goods like key
electronic  components,  semicon­
ductor  and  display  fabrication
units.  due to the creation of an entire up­
Additionally,  the  PLI  scheme
provides a 4­6 per cent incentive on
incremental  sales  of  goods  manu­
factured  in  India  and  covered  un­
der  target  segments,  to  eligible
companies,  for  five  years  only.
While  the  government’s  focus  and
efforts  on  electronics  manufactur­
ing are commendable, they are still
inadequate  to  take  on  China,
Taiwan  and  South  Korea  in  this
Industry estimates show that In­
around  15­18  per  cent  due  to  inad­
equate  infrastructure,  domestic
supply  chain  and  logistics  chal­
lenges;  high  cost  of  finance;  inad­
equate  availability  of  quality
power;  limited  design  capabilities
and focus on R&D by the industry;
and  inadequacies  in  skill
development.
If India wants to become the next
electronics  manufacturing  hub  of
the world, the government needs to
give  some  serious  incentive  to
provide  aggressive  support  to  the
FAB  ecosystem,  for  both  semicon­
ductors  and  displays.  Just  one  dis­
play FAB unit could lead to billions
of dollars in tax revenue, forex sav­
ings,  increased  domestic  value  ad­
dition and lakhs of jobs generated
stream and downstream ecosystem
for electronics manufacturing. 
In a few years, India could poten­
tially  completely  replace  the  need
for imports and its dependence on
China. If we truly want to attain the
vision of the NPE, we have to be will­
ing to provide a lot more support in
the short term, for the windfalls of
the future.
The writer is an Angel Investor and
Business Strategist

LET TERS TO THE EDITOR Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.

UAE local workforce is its biggest strength IBC’s eventful journey
Apropos the Editorial ‘IBC­five years
The UAE has taken one more firm step to develop its most young’  (September  14),  in  the  last
valuable resource — the national human capital through a slew of over three decades, there has been
measures announced on Sunday as part of economic reforms for three major recovery mechanisms
the next 50 years. The new set of reforms are aimed at integrating — Lok Adalat in 1986, Debt Recovery
and preparing the national human resources with the rapidly Tribunals  (DRT)  in  1993  and  SAR­
expanding private sector economy in the country. The UAE, a FEASI Act in 2002.
country that believes in free enterprise, innovation and digital When  Lok  Adalat  was  intro­
future, has always encouraged its citizens to be part of the private duced, all banks were jubilant that
sector as entrepreneurs and innovators.  DUBAI, SEPTEMBER 14 they got some remedy in realising
their long pending overdues. Like­
wise,  when  DRTs  came  into  exist­
ence, it further enhanced the con­
fidence of bankers that legally, they
Threat of new North Korean cruise missiles got a right to seek remedy in recov­
ering  the  dues.  But  unfortunately,
North Korea’s provocations have undermined Japan’s security
both did not give enough expected
and the stability of its surrounding regions. The government
results.  Then  came  SARFEASI  Act
must cooperate with the United States and South Korea to
analyze the situation, and build a system that can deal with the
2002  by  which,  the  bankers  were
new threat. Pyongyang has announced that it test­fired new empowered  to  take  possession  of
long­range cruise missiles on Sept. 11 and 12. The missiles flew the  property  mortgaged,  which
1,500 kilometers over North Korean territorial land and waters, brought  up  huge  pressure  on  the
along “oval and pattern­eight flight orbits,” for about two hours part of borrowers in repaying their
dues.
before successfully hitting their targets TOKYO, SEPTEMBER 14
Now,  the  Insolvency  and  Bank­
ruptcy Code (IBC). Given the huge
number of 32,000 pending insolv­
ency applications at NCLT and the
unimaginable  haircuts  that  were
allowed  as  was  seen  in  the  recent
case of Videocon, it infuses pessim­
ism in the minds of bankers.
RV Baskaran
Chennai
The pollution problem
Apropos ‘Battling air pollution’, an
average  Indian  does  not  think
much  about  air  pollution  and
genuinely believes that the activists
and  other  concerned  citizens  are
needlessly going ballistic about the
problems  caused  by  air  pollution.
Since the effects of air pollution are
not immediate, we tend to dismiss
them from our minds.
The  economic  cost  of  pollution
in the form of health issues and the
costs  incurred  to  maintain  good
health  are  issues  which  are  nebu­
lous for most. Otherwise we would
have  forced  the  politicians  to  ad­
dress the problem first before ven­
turing  to  other  areas  like  bullet
trains.
The  businessman  with  a  pollut­
ing industrial product shows little
enthusiasm for installing anti­pol­
lution measures as it reduces profit
margins.  In  the  meanwhile  we  ig­
nore  the  fact  that  we  are  being
slowly poisoned.
Anthony Henriques
Mumbai
The snooping row
Over  the  past  weeks,  the  issue  of
snooping has perhaps been dialled
down.  However,  it  has  once  again
come  to  spotlight  with  govern­
ment’s refusal to file a detailed affi­
davit. Moreover, the Centre’s denial
to  file  an  affidavit  raises  doubts
over  its  intentions.  Furthermore,
since Assembly elections are on the
cards  such  actions  will  only  dent
the  trust  of  public  in  the  govern­
ment and it seems that the BJP will
find it an uphill task to dodge the
apex court.  Nadu passed a Bill in the State As­
Aanya Singhal
Noida
The NEET tangle
Barring  the  BJP,  parties  across  the
political  spectrum  in  Tamil  Nadu
are up in arms against NEET exam
ever since it came in to force and be­
came the only gateway to gain ad­
mission  and  pursue  undergradu­
ation  in  medicine  at  both
state­owned  and  private  medical
colleges of the country.  government  and  judiciary  to  ad­
The  Opposition  against  NEET  in
the  State  on  the  grounds  that  it
does not offer a level playing field to
medical aspirants especially to the
students  from  lower  rungs  of  the
society  cannot  be  simply  brushed
aside  as  politically  motivated.  In
the  backdrop  of  a  student  having
recently ended his life hours before
he was about to write NEET exam,
the  DMK­led  government in  Tamil
sembly to dispense with NEET exam
and  allow  admission  to  medical
courses based on class 12 marks to
ensure social justice. 
Given the fact that both the BJP­
led NDA government at the centre
and  Supreme  Court had  a  favour­
able position towards NEET, it will
be an uphill task for the DMK gov­
ernment to get the Bill ratified from
the President. However, it is pertin­
ent on the part of both the Union
dress  the  concerns  regarding  the
lack  of  level  playing  field  in  the
NEET  exam  with  a  seriousness  it
truly deserves.
M Jeyaram
Sholavandan (TN)

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BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021 THINK 5

Re-examine crypto policy Is India winning the Covid battle?

Crypto investments are growing despite regulatory haze
RAVINDRANATH PATIL providers from either dealing in or providing It appears so, thanks to strong supply of vaccines and the inoculation drive
services pertaining to virtual currencies. How­

W
hat  is  the  first  thing  that
comes to mind when we hear
the  word cryptocurrency?
Risk, challenge, threat, cyber­
crime,  terrorism,  and  so  on.  However,  there
are many who consider cryptocurrency as an
opportunity — to become richer as well as to
fulfil their many aspirations.
In January 2019, had anyone invested ₹100
in Bitcoin, its valuation would have increased
to ₹1,700 by March 2021. Today, we are sitting
on a heap of more than 10,000 cryptocurren­
cies, with their market capitalisation exceed­
ever, this RBI directive was set aside by the Su­
preme Court — vide the Internet And Mobile As-
sociation of India v. RBI case — on March 4, 2020.  ilar  pattern has  emerged.  Countries
Now,  the  Union  Government  has  sought
policy intervention in the form of the Crypto­
currency  and  Regulation  of  Official  Digital
Currency  Bill,  2021.  The  Bill  seeks  to  ban  all
“private”  cryptocurrencies  while  providing
the RBI with powers to develop another cent­
ral bank­backed digital currency (CBDC). This
Bill is yet to be tabled in Parliament.
This regulatory conundrum does not give a
clear  messaging  to  investors,  inventors  and
inoculated.  It  has  now  obtained  vac­
cines  from  China.  Across  Asia,  a  sim­
like  Bangladesh,  Thailand,  Malaysia
and the Philippines which were con­
gratulating  themselves  on  keeping
Covid at  bay  found  they  had  no  an­
swer to the Delta variant. 
PARAN BALAKRISHNAN In India, there are two risks. Firstly,
the  festival  season  is  around  the
THE WIDER ANGLE corner and crowds are already gather­
ing  in  the  markets.  Secondly,  the
patchy picture around the globe, both

ing $2.1 trillion, which is almost three­fourths
of  India’s  GDP.  Globally,  150  million  people
have invested in cryptocurrencies, of which 10
per cent (15 million) are Indians.
Ever since its inception, Bitcoin was projec­
ted to be an alternative to the conventional
banking system, which is projected to be slow,
costly  (on  account  of  multiple  players)  and
vulnerable to frauds (counterfeiting, forgery
of negotiable instruments and bank records,
wrongful transactions, etc). For example, the
international SWIFT transactions take longer
time  and  involve  higher  transaction  fees
when  compared  to  cryptocurrency  transac­
tions over blockchain.
But  that’s  not  the  complete
story. Cryptos are increasingly be­
ing  looked  upon  as  conduits  of
money­laundering. The alphanu­
meric  cryptocurrency  wallet  IDs
(equivalent  to  bank  account
numbers)  and  the  impregnable
blockchain  network  offer  an­
onymity  that  the  unscrupulous
can exploit. A substantial number of transac­
tions on the Dark Net are being carried out in
cryptocurrencies.
Cryptocurrencies are also seen to be chal­
lenging the sovereign function of the state —
that is, currency and coinage. Countries seem
to  have  been  divided  between  banning
cryptocurrencies  (example,  Bolivia)  and  ac­
cepting them as legal tender (El Salvador). In
the US, 22 per cent adults are estimated to be
holding cryptocurrencies. In the UK, it is not
unusual to see people buying Bitcoins at the
designated  ATMs.  And  in  Hong  Kong,  com­
panies are allowed to hold a portion of their
assets in the form of cryptos.
In  this  backdrop,  India’s  regulatory  re­
sponse lacks clarity. Since December 2013, the
RBI has issued multiple notifications flagging
various  risks  associated  with  virtual  curren­
cies. With effect from July 6, 2018, the RBI pro­
hibited  banks,  NBFCs  and  payment  system
innovators  associated  with  the  crypto
industry.
Way forward
Despite the not­so­clear regulatory directions,
the investment in cryptocurrencies in India is
growing.  This  calls  for  re­examining  our
policies in the larger interest of industry, soci­
ety,  individuals,  and  the  state.  It  could  be  a
four­pronged approach.  per cent of its unvaccinated staff had
Firstly, the hypothesis that cryptocurrency
is all about blood money, narco­trade or terror
funding needs to be revisited. People are in­
vesting a lot of ‘white money’, which is driving
the crypto frenzy. Per information
available in public domain, Indi­
ans  had  invested  an  estimated
₹49,161  crore  ($6.6  billion)  in
cryptocurrencies by May 2021. Ac­
cording  to  the  ChainAnalysis
Blog,  Indians  made  profits  of
around ₹1800 crore in 2020 from
their crypto investments.
Secondly, we must understand
how the other leading economies are taking a
broader view about the cryptos.  ons: “The third wave by the Delta vari­
Thirdly,  Indian  technocrats  and  software
professionals  are  sought  after  by  the  block­
chain industry across different geographies.
However, on the Indian soil, the blockchain in­
dustry  is  not  getting  developed  for  want  of
regulatory clarity.
And, fourthly, it is important to weigh the
effectiveness of banning cryptocurrencies. In­
effective banning may result in a parallel eco­
nomy involving cryptocurrencies, which will
be  detrimental  to  India’s  socio­economic
interests.
The crypto industry can probably be regu­
lated  through  strong  enforcement  of  Know
Your  Customer  and  anti­money  laundering
norms.
The writer, an ex-IPS, is Senior Director, MIT-WPU
School of Public Policy
A
fter 17 months of living with
Covid­19,  we  know  better
than  to  make  predictions
that are only shredded in a
new brutal wave. But faint hopes are
stirring  among  epidemiologists  and
doctors the worst may be behind us.
In  Delhi,  which  was  ravaged  by  the
pandemic,  a  CSIR  survey  showed  86
Covid­19  antibodies.  Lucknow  and
Ghaziabad  aren’t  far  behind,  accord­
ing to the study that examined 12,000
CSIR staffers from peons to scientists
and their families.
Could  that  be  the  explanation  for
why there were only 17 new cases and
no deaths in Delhi on September 13?
That’s the lowest since March 28, 2020,
when the first lockdown had just been
declared  and  we  had  no  idea  of  the
horrors ahead.  many doses are on offer. Sputnik has
There’s  only  been  one  Covid­19
death  in  Delhi  throughout  Septem­
ber.  Vaccinologist  T Jacob  John  reck­
ant  is  most  unlikely.”  He  cautions,
though, if “a new variant appears on
the scene, all bets could be off.”
From another direction, the vaccin­
ation  drive has  finally  moved  into
high  gear.  The  government is  claim­
ing credit but the laurels really belong
to Adar Poonawalla and the Serum In­
stitute of India. Earlier in 2021, Serum
Institute  was  producing  65  million
Covishield doses monthly.  goal may be tough to meet.
Originally, it said it could hike out­
put to 100 million by July. In the event,
it  produced  100  million  in  June,  120
million in August and expects to turn
out  200  million  doses  in  September.
That’s enabled the government to ac­
celerate  its  vaccination  campaign
steeply, sometimes to 10 million doses
Stepping up Vaccine-makers have helped the government accelerate vaccinations
daily, and that should also play a role
in mitigating any third wave, should
indeed there be one.
Bharat  Biotech  remains  a  much
smaller vaccine player. It has conver­
ted  a  Gujarat  rabies­vaccine  plant  to
making  Covaxin.  It’s  tight­lipped
about its July and August production
numbers. It was producing 25 million
doses monthly early in the year. Cov­
axin  is  a  whole  virus  vaccine,  quite
tricky to manufacture.  The US had a similar pattern of in­
Also,  after  many  stops­starts,  the
Sputnik V vaccine is now available in
several cities, though it’s unclear how
one advantage: there’s just a 21­day in­
terval between jabs.
Tough goal to meet
With all these vaccines available, the
government  could  conceivably  give
one vaccine dose to all eligible adults
by year­end but it could fall short as
some States’ vaccine delivery has been
slow. So far, 18 per cent of adults have
been  double­jabbed  and  58  per  cent
are  single­jabbed.  The  government’s
original target was to give both jabs to
all 940 million adult Indians, but that
It’s  worth  looking  at  how  other
countries  have  fared  when  confron­
ted  with  the  highly  transmissible
Delta variant. The UK was congratulat­
ing  itself  on  an  efficient  vaccine  rol­
lout when it was felled once again by
Delta. How tough has it been to com­
bat Delta? In January, the UK peaked at
68,000 new daily cases. That fell to the
low  thousands  till  mid­June  when
numbers again began shooting up to
close  to  50,000  in  July.  The  UK  had
28,614 cases on Sunday and that’s des­
pite 89 per cent of adults being fully
vaccinated.  Crucially,  though,  people
who  had  the  two  jabs  accounted  for
just 1.2 per cent of 51,281 Covid deaths
in England in the first seven months
of 2021, government statistics show.
fections. In January, new cases peaked
at  slightly  over  300,000  daily.  The
number  fell  back  to  50,000­70,000
daily till shooting up to 150,000 daily
in  September.  Once  again,  the  resur­
gence  was  caused  by  the  virulent
Delta variant. The US has a lower vac­
cination rate — just over half of Amer­
icans are fully vaccinated — and an as­
tonishingly  large  and  vocal  anti­vax
movement.
Indeed, many countries around the
world have learnt the enormous diffi­
culty of keeping Delta at bay and the
importance of vaccinations. Vietnam
had the toughest rules to stamp out
Covid. Till end­June, its cases were in
the hundreds but they’ve soared since
to 12,000 currently.  field forever. They’re constantly on the
In fact, Vietnam is tied joint last, in
120th place with Thailand, on Nikkei
Asia’s Covid Recovery Index whose cri­
teria  includes  countries’  infection
management  and  crucially,  vaccine
rollout.  Vietnam has  been  extremely
slow  on  the  vaccination  front  with
just 3 per cent of its population fully
for infections and vaccinations, mean
it’s impossible to predict when Covid
cases will cease to spring up.
At  another  level,  some  countries
like the UK are now offering one jab
for children between the ages of 16­17
and are now also making the same of­
fer to children between 12­15. Vaccinat­
ing children above the age of 15 is al­
most  certainly  necessary  but  in  our
country,  this  will  add  hugely  to  the
numbers in the queue for the jabs. In­
dia  is  a  young  country  with  around
400 million below­18 youngsters.
We often forget how lucky India is
to have a thriving vaccine­producing
industry. Even many developed coun­
tries have been struggling to procure
vaccines. And Africa remains an area
of  darkness  when  it  comes  to  vac­
cines: only 3 per cent of Africans are
fully vaccinated. 
Then  there’s  the  issue  of  booster
shots,  especially  when  so  many
people worldwide haven’t had a first
shot. A new all­star panel of scientists
has  said  the  vaccines  right  now  are
working so well most people don’t yet
need  a  booster  and  governments
would be better to concentrate on vac­
cinating the unvaccinated.
It’s  also  important  to  remember
our  country  cannot  live  in  isolation.
Jacob John notes the concept of herd
immunity  comes  from  animals.  But
humans do not stay corralled in one
move. So, it’s important to remember
poet John Donne’s lines: “No man is an
island entire of itself; every man is a
piece  of  the  continent,  a  part  of  the
main; if a clod be washed away by the
sea, Europe is the less….”
Or, to put it more bluntly: till every­
one is vaccinated no one is safe.

SHORT TAKE
BusinessLine
EU must hasten TWENTY YEARS AGO TODAY
‘green transition’ January 15, 2001

R ecord  high  power  prices  in

European  Union  countries
show the bloc must wean itself off
fossil fuels and speed up the trans­
ition to green energy, the EU's top
climate  change  official  said  on
Tuesday.
Wholesale  European  power
prices  have  doubled  this  year,
driven  by  factors  including  soar­
ing  coal  and  gas  prices,  surging
CO2 prices and lower than usual
renewable energy output.
The  EU's  Green  Deal  seeks  to
overhaul  the  bloc's  economy  to
reach  net  zero  greenhouse  gas
emissions  by  2050  —  a  goal  that
will require huge investments in
low­carbon  power  and
infrastructure.
“Had we had the Green Deal five
years earlier, we would not be in
this  position  because  then  we
would  have  less  dependence  on
fossil  fuels  and  on  natural  gas,”
European  Commission  Executive
Vice­President  Frans  Timmer­
mans  told  the  European  Parlia­
ment in Strasbourg.
Timmermans said that even as
fossil fuel prices have soared, costs
for renewable generation have re­
mained  low  and  stable.  That
should encourage the EU to speed
up its green transition, to ensure
more  citizens  have  access  to  af­
fordable  renewable  energy,  he
said.
European carbon prices, which
also impact the cost of electricity,
have also surged to record highs
this  year,  but  Timmermans  said
they were not the main culprit for
soaring energy costs.
“Only  about  one­fifth  of  the
price increase can be attributed to
CO2 prices rising,” he said.
The EU carbon benchmark con­
tract  is  trading  at  around  €61
($72.01) a tonne, not far off an all­
time high set this month as more
ambitious EU climate targets have
helped  buoy  prices.  A  Bank  of
Spain  analysis  published  last
month said that gas prices were re­
sponsible for roughly half of the
recent surge in Spanish electricity
prices, while carbon had caused a
fifth of the power price increase.
To  bring  down  soaring  power
costs,  the  Spanish  government
said  this  week  it  would  cap  gas
prices,  cut  taxes  and  redirect  en­
ergy company profits. It also plans
to auction 3.3 gigawatts of renew­
able  capacity,  betting  that  build­
ing  out  clean  energy  will  lower
prices in the long term.  REUTERS
Sensex down 157 on war fears
Stock prices plunged further and the rupee weakened on
Friday following unabated selling pressure by foreign
institutional investors (FIIs). Equities tumbled for the third
consecutive day amid heavy selling by hedge funds in their
flight to safety, pulling down the benchmark intra­day to an
eight­year low. The massive sell­off has been attributed to
possible US retaliation after the unprecedented terrorist
attacks on American targets three days ago. The Sensex
spiralled down to touch an intra­day low of 2,770, close to the
eight­year low of May 1993 during the no­trust vote against the
P.V. Narasimha Rao Government.
Panel set up on auto fuel policy
The Government has constituted an Expert Committee
headed by Dr R.A. Mashelkar, Director General, CSIR, to
recommend an ‘Auto Fuel Policy’ with specific reference to
major cities and also devise a roadmap for its
implementation. An official release said the Committee will
take into account the vehicular emission norms
recommended by the inter­ministerial task force headed by
Chairman of Central Pollution Control Board. It will also
consider the on­going work on ethanol blending of gasoline
and use of biofuels in transportation. .
Al valuation put on hold
The Government has called for a temporary halt to the
valuation of Air India (AI) till such time as a clear indication is
available from the lone bidder — the Tatas — on whether they
would continue in the race or not. In order to deflect criticism
about under­valuation of AI, the Government had decided to
obtain valuation reports from two independent valuers, other
than the valuation undertaken by the global advisor. 
easy bl two-way crossword 1958 not so easy
ACROSS DOWN ACROSS DOWN
1. Back end of bore of gun 1. Those studying for commission (6)  1. Place for a bullet where the 1. Younger sons are in training for
(7)  2. Comes as an increment (7)  assembly meets (7)  the forces (6) 
5. Talk foolishly (5) 3. Preclude (3) 5. To own the right to talk 2. Comes as an addition to a
8. Propriety of conduct (7)  4. Transmit money etc (5)  nonsense (5)  pleasure voyage, one is told (7) 
9. Dull heavy blow (5) 5. Heretical, holding other opinion 8. Seemliness in breaking code is 3. Second award for decoration
10. Wind instrumentalist (9)  (9)  odd (7)  where people drink (3) 
12. A woman's (3) 6. Guarantee to be true (5)  9. Thus endlessly a politician will 4. Terms of reference, or term one
13. Stiff, unbending (5) 7. Sound of gunshot (6) pound heavily on the keys (5)  made of it (5) 
17. No longer available (3)  11. Fitted for the matter on hand (9)  10. One playing a fanfare for a sort 5. How did Hood exert what was
19. Tie in to the cost of living 14. Obvious, clear to the mind (7)  of swan (9)  heretical? (9) 
(5­4)  15. Consign; become guilty of (6)  12. The lady's principal male bas 6. Bear witness with you French
21. Small biting insect (5)  16. Rough drawing (6) nothing to lose (3)  endlessly going to church (5) 
22. Change religion (7) 18. Soft toffee­like sweetmeat (5)  13. One entering the wrong grid 7. Work as a journalist on an
24. Deal with, handle (5) 20. Cuts tail short (5) without bending (5)  end­of­term assessment (6) 
25. Reach, extension (7) 23. Neither (3) 17. Away to one side of the field (3)  11. It could be right, in a penitent, to
19. Tie it in to cost of living of kind be to the point (9) 
in lex written out (5­4)  14. It is apparent one will need it
21. Dig me out a small gnat­like changed when about five (7) 
SOLUTION: BL Two-way Crossword 1957 insect (5)  15. Promise to perpetrate a crime (6) 
ACROSS 1. Point 4. Canasta 8. Riper 9. Conform 10. Gel 11. 22. Change over to cornet 16. Drawing the front of sailing
Sportsman 12. Idea 13. Ayes 18. Aggravate 20. Mir 21. Intense 22. Shift arrangement including first vessel (6) 
23. Naphtha 24. Sugar  vocal (7)  18. Sweet sort of patch inserted in
DOWN 1. Peregrination 2. Impulse 3. Thrush 4. Cuckoo 5. Ninety 6. 24. Deal with the case of a source newspaper (5) 
Storm 7. Administrator 14. Yomping 15. Cannot 16. Camera 17. of great gratification (5)  20. Makes a cut in wages as the ship
Census 19. Get­up 25. Pull it out for a time inside (7)  puts in (5) 
23. Neither negative is right (3) 

CM . ..... .... ...BG-BGE

YK
 BENGALURU

6 MARKET RADAR For BSE/NSE live quotes, scan 

the QR code or click the link 
https://bit.ly/2FpossK WEDNESDAY • SEPTEMBER 15 • 2021
BusinessLine

Freak trade: Futures of RIL, TCS, Airtel, After tepid listing, Vijaya Diagnostic
HDFC twins open 10% higher on NSE manages to close Day 1 with 16.6% gain
Baffled traders vent
their frustration
on social media
KS BADRI NARAYANAN
Chennai, September 14
Traders  at  the  National  Stock
Exchange  were  in  for  a  rude
shock  on  Tuesday  as  the
world’s premier derivative ex­
change  saw  another  day  of
freak trades with several index
heavyweights  opening  with  a
huge price gap.
Reliance Industries Septem­
ber  futures  opened  with  a  10
per  cent  gain  at  ₹2,616.35  on
the  NSE  against  the  previous
close price of ₹2,378.50. On the
other  hand,  in  spot  market,
RIL’s day­high was ₹2,394. Sim­
ilarly, Bharti Airtel futures too
gained  10  per  cent  at  ₹762.15;
TCS  futures  opened  at
₹4,229.85,  HDFC  Bank  at
₹3,314.65  and  HDFC  Bank  at
₹1,715.70. However, the under­
lying  stocks  and  Nifty  traded
normally  without  any  un­
usual movements.
Following  frequent  freak
trades at the NSE, some traders
vented  their  frustrations
through social media.
“#reliance  Fut,  #hdfcbank
Fut,  #HDFC  Fut,  #Bhartiartl
Fut Is it ever going to stop ???
Will somebody take any action
on it ??? or we have to start liv­
ing with this,” said a tweet  trade.  That  is  when  the  real
Parag  Yeole  tweeted:
“@SEBI_India should conduct
a serious investigation in this
freak  trade  matter  which  is
very  frequent  these  days  and
must  penalise  those  who  are
involved.”
BoredPiper  said,  “I  feel  this
could be a trap. Not the freak
trades but the frequency of it.
More  and  more  such  trades
happen, ppl will change their
mind  and  also  accommodate
the  freak  ones.  One  fine  day
the  fall  won’t  be  just  a  freak
trapping will happen.”
Clarification by NSE
However,  an  NSE  spokesper­
son  said:  “Some  unusual
trades  were  observed  today
which were executed by a trad­
ing  member.  The  same  is  be­
ing  examined  by  the  regulat­
ory  team  of  the  Exchange.
These  trades  were  executed
within  the  operating  range
permitted by the Exchange.”
CMP does not provides  integrated  dia­
gnostics services across patho­
reflect company’s logy  and  radiology  (65/35  per
geographic cent revenue split) primarily to
walk­in/individual consumers .
concentration risk VDC  has  79  centres  spread
across the two southern States
SAI PRABHAKAR YADAVALLI and one centre each in NCR and
BL Research Bureau Kolkata (total 81). 
Vijaya Diagnostic Centre (VDC)
had a flat listing in the markets Revenue generation
According  to  experts,  freak today at ₹542.30 — a premium In FY21, VDC derived 96 per cent
trade  in  the  derivative  seg­ of 2 per cent to the issue price of Hari K, Chief Business Officer, NSE, presenting NSE bell to  of its revenues from Telangana
ment of NSE has become a re­ ₹531.  It,  however,  managed  to Dr S Surendranath Reddy, Chairman, Vijaya Diagnostic Centre, and Andhra Pradesh of which
curring  event  ever  since  the build some gains to hit a day’s to mark the listing of the company's shares Hyderabad  accounted  for  80
exchange scrapped TER (trade high  of  ₹650.75 and  closed  at per cent . VDC reported 13.5 per
execution  range)  since  mid­ ₹619.30 — a premium of around our wait and watch call on the hinder faster expansion, which cent CAGR in revenue in FY19­21.
August.  TER  is  the  price  band 16.6 per cent to the issue price. stock of VDC.  other franchisee­based models VDC’s  industry  leading  rev­
within which contracts could It  now  trades  at  around  39 The company has strong fun­ offer. enue per test or/per customer is
trade.According to a Chennai­ times  trailing  EV/EBITDA  (34 damentals  in  its  core  markets driven by radiology mix, higher
based  sub­broker,  until  now times at IPO).  in Hyderabad, but has to estab­ Clarity needed on margins tests per customer and walk­in
freak  trading  was  largely  re­ While this might appear reas­ lish presence in other markets More clarity is required on how clientele. 
stricted  to  option  segments. onable  compared  to  peer to sustain long­term growth.  margins  will  fare  when  the This, along with mature asset
However,  today’s  event  sug­ group range of 37 to 73 times, it The company’s geographical company  expands  into  other base,  aided  VDC’s  reported
gests that even futures are vul­ does not adequately reflect the concentration risks and its typ­ geographies or when competit­ EBITDA margins’ of 44 per cent
nerable  and  this  could  cause geographic concentration risk ical full­service offering at com­ ors up the ante where VDC has in FY21 . VDC is cash surplus with
huge losses to traders. that VDC faces. We hold on to pany­owned  locations  can strong  presence  now.  VDC negligible debt

High earnings growth needed to sustain market rally: Ajay Tyagi Ami Organics jumps 53%
However, listing growth  with  established
SURESH P IYENGAR kets  to  sustain,  it  is  imperat­ markets,  including  India. that is why new entrants are ability of mutual funds to cre­ we  are  merely  suggesting product  portfolio  of  450
Mumbai, September 14 ive  that  we  witness However,  in  the  medium  to still coming in looking at the ate sustainable wealth for in­ caution  and  therefore  incre­ premium tilts the products, and customer rela­
Inflows into equity schemes double­digit  earnings long term, profitable growth long  growth  runway.  How­ vestors  that  will  drive  their mental  tilt  towards valuation scale tions in export and domestic
have been hitting a new high growth  through  FY22  and is the biggest driver of equity ever,  not  everyone  will  be market share.  large­caps. markets.The timely and reas­
despite investors booking FY23.  At  valuations  that  are markets.  Therefore,  in  the able to get successful and like SAI PRABHAKAR YADAVALLI onable acquisition of Gujarat
profit at frequent intervals. The significantly  higher  than short  term  Fed  rate  hike almost  all  other  industries, Should investors bet on Will domestic growth BL Research Bureau Organics Limited (GOL) is an­
number of fresh long­term averages, could  be  negative,  it  is  the the 80­20 rule will be applic­ small-caps given recent fall momentum be impacted Ami  Organics  (Ami)  had  a other  strong  factor  for  the

O
systematic investment
plans opened in August
touched a new high of
about 25 lakh with
cumulative inflow of
₹9,923 crore. Ajay Tyagi,
Head­Equity, UTI AMC, shares
his thoughts on markets with
BusinessLine. Excerpts:
Do you think the run-up in
market is sustainable?
The markets have seen a run­
up  on  account  of  multiple
factors  such  as  liquidity,  ex­
pectations of earnings revival
and increased retail particip­
ation.  However,  for  the  mar­
the markets need to
be  on  a  constant
dose  of  positive
surprises.
What would be the impact
of US Fed rate hike on
Indian equity markets?
It is highly probable that the
initial impact of the Fed rate
hike  is  going  to  negative.  As
cost  of  money  increases,  it
usually  leads  to  a  risk­off  en­
vironment.  Since  emerging
market  equities  are  far  right
on  the  risk  spectrum  there
will  be  negative  con­
sequences  for  all  emerging
economic  growth  and  earn­ able here as well. The top few in prices? due to the third wave of strong  listing  in  secondary company.
ings  trajectory  that  will  de­ players  will  remain  domin­ It is evident that the increase Covid in the US and Japan? markets.  Ami  opened  at  48 . However,  post  listing  ,  its
cide the market direction. ant  and  control  the  lion’s in  valuations  of  small­caps The  impact  of  incremental per  cent  premium  (₹902) valuations  now  capture  the
share of the profit pool of the has  been  swift  and  they  are waves  on  global  economic compared to IPO price (₹610) strong  growth  potential  and
With so many new players industry.  Rather  than  just now  trading  significantly activity  has  been  waning.  In and closed at ₹934.55 (53 per a risk­reward  is  now  skewed
entering the MF business, product  differentiation  and ahead  of  their  long­term  av­ fact even in India, we have no­ cent premium) on BSE..  against the investors. 
will the market cost advantages, it will be the erages.  ticed  that  the  impact  of  the Ami now trades at 55 times Ami  derives  88  per  cent  of
share of While  every  investor second  Covid  wave  on  eco­ FY21  earnings  (35  times  at its revenues from pharma in­
established Z
Y should  have  an  allocation nomic  activity  was  much IPO) and the valuation is now termediaries  with  globally
players shrink? At valuations higher than plan  guiding  him  on  invest­ lower  than  the  earlier  one. comparable  to  well  estab­ leading  market  share  in  few
The MF industry is long-term averages, the ments into various categories Therefore,  we  do  not  see lished  speciality  chemicals of its products. The company
still  at  a  nascent markets need a of funds, at this juncture it is much impact to our exports. players. reported revenue and EBITDA
stage  in  In­ constant dose of prudent  to  steer  the  alloca­ One must also realise that In­ The valuation jump under­ CAGR  of  20/38  per  cent
dia  as  the positive tion  towards  large  and  flexi­ dia  is  basically  a  domestic lines  our  shift  in  stance  to  a between FY19­21.. 
penetra­ surprises cap funds.  consumption­driven  eco­ ‘book profit’ call on the stock. Its  net  debt/  EBITDA  is
tion  is AJAY TYAGI However,  this  does  not nomy and exports in any case We  earlier  recommended around 1.42 times, which will
low Head­Equity,  mean  that  one  should  com­ do  not  move  the  needle  a subscribing  to  the  issue be  addressed  by  the  fresh
UTI  AMC
and Z
Y pletely  exit  small­cap  funds, whole lot. based  on  Ami’s  strong proceeds from the IPO.

G 24.70 pts.
NSE, SGX want to rope TODAY'S PICK
THE TOP 100
Company Prev Close Open High Low Qty 52  W  High 52  W  Low PE BSE  Close
Nifty 50 Movers
Close(₹) Pts PE
TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3885.90. . . . . . . . . . 9.69. . . . . . . . . 41.61 . . . . . . . . 5.34
Wt(%)

in Hong Kong brokers BEML (1,435): BUY

AbbottIndia . . . . . . . . . . . . . . . . . . . .. . . . 21378.55. . . . 21454.05. . . . 21400.00. . . . 21870.00. . . . 21311.00. . . . . . . 22.98. . . . 21850.00. . . . 13970.10. . . . . 65 . . . . 21432.80 
ACC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2471.40. . . . . 2442.95. . . . . 2470.00. . . . . 2475.05. . . . . 2437.55. . . . . . 174.87. . . . . 2506.35. . . . . 1295.25. . . . . 22 . . . . . 2441.80 
Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1867.75. . . . . . . . . . 9.37. . . . . . . . . 37.24 . . . . . . . . 3.64
HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1238.65. . . . . . . . . . 7.57. . . . . . . . . 29.36 . . . . . . . . 1.78

on GIFT platform GURUMURTHY K target ₹1,540 initially. A break

PALAK SHAH
Mumbai, September 14
Singapore  bourse  SGX  and  India's  National
Stock Exchange (NSE) are in favour of allow­
ing brokers from Hong Kong to trade on the
Gujarat based GIFT City platform, which is be­
ing promoted as India's tax free offshore des­
tination. Sources told BusinessLine that senior
officials from SGX and NSE discussed the mat­
ter with Injiti Srinivasan, chairman, Interna­
tional Financial Services Centers Authority (IF­
SCA), the regulator for GIFT City.
Chinese angle: Govt nod needed
However,  allowing  Hong  Kong  brokers  to
trade in GIFT City may attract additional gov­
ernment  scrutiny  due  to  China’s  claim  over
BL Research Bureau
The  outlook  for  the  stock  of
BEML  (Bharat  Earth  Movers
Limited)  is  bullish.  The  stock
has  surged  6.9  per  cent  on
Tuesday  breaking  above  the
key resistance levels of ₹1,370
and  ₹1,420.  This  also  marks
the  resumption  of  the
uptrend  that  had  begun  in
March this year.  market  moves  up  to  ₹1,510.
The level of ₹1,370 can now
act  as  a  good  resistance­
turned­support.  Dips  below
₹1,400 if seen are likely to get
fresh  buyers  near  ₹1,370.  As
such a fall below ₹1,370 looks
less probable at the moment.
The  current  leg  of  up  move
that  has  begun  just  now  can
DAY TRADING GUIDE
17387 • Nifty 50 Futures
S1 S2 R1 R2
17370 17340 17400 17440
₹1550 • HDFC Bank
above ₹1,540 will the pave way
for  a  further  rise  to  ₹1,620­
1,630 eventually in the coming
weeks. Investors with a short­
term  perspective  can  go  long
at current levels.
Accumulate  longs  on  dips
at  ₹1,380.  Stop­loss  can  be
placed at ₹1,330. Trail the stop­
loss  to  ₹1,475  as  soon  as  the
Book  partial  profits  (50  per
cent)  at  ₹1,540  and  move  the
stop­loss  further  up  to  ₹1,510
for  the  balance  of  the  long
positions.
(Note: The recommendations
are based on technical analysis.
There is risk of loss in trading.)
COMMENT
Initiate fresh long positions only if
the contract breaks above 17,400.
Keep the stop­loss at 17,370.
Adani  Ent [1] . . . . . . . . . . . . . . . . . . .. . . . . 1532.45. . . . . 1513.20. . . . . 1539.90. . . . . 1547.25. . . . . 1497.05. . . . . 7143.76. . . . . 1718.45. . . . . . 257.45. . . . 196 . . . . . 1515.90 
Adani  Ports  [2] . . . . . . . . . . . . . . . .. . . . . . 745.10. . . . . . 755.40. . . . . . 747.80. . . . . . 762.75. . . . . . 745.45. . . . . 5615.41. . . . . . 901.00. . . . . . 312.00. . . . . 84 . . . . . . 755.30 
AlkemLabs [2] . . . . . . . . . . . . . . . . . .. . . . . 3823.85. . . . . 3806.30. . . . . 3843.30. . . . . 3849.30. . . . . 3794.40. . . . . . . 54.87. . . . . 3946.45. . . . . 2544.25. . . . . 26 . . . . . 3807.80 
L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1696.45. . . . . . . . . . 6.90. . . . . . . . . 41.97 . . . . . . . . 2.72
IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . 1036.60. . . . . . . . . . 5.61. . . . . . . . . 23.35 . . . . . . . . 0.83
ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 216.10. . . . . . . . . . 3.93. . . . . . . . . 18.78 . . . . . . . . 2.51
AmbujaCement [2]. . . . . . . . . . . . . .. . . . . . 436.25. . . . . . 432.45. . . . . . 436.55. . . . . . 436.85. . . . . . 428.50. . . . . 2872.24. . . . . . 442.95. . . . . . 197.50. . . . . 37 . . . . . . 431.90  Axis Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 794.40. . . . . . . . . . 3.59. . . . . . . . . 28.58 . . . . . . . . 2.71
Apollo  Hsp [5]. . . . . . . . . . . . . . . . . .. . . . . 4745.85. . . . . 4732.45. . . . . 4773.00. . . . . 4773.00. . . . . 4696.70. . . . . . 528.94. . . . . 5122.00. . . . . 1591.00. . . . 164 . . . . . 4732.15  Tech Mahindra . . . . . . . . . . . . . . . . . . . . .. . 1452.05. . . . . . . . . . 3.23. . . . . . . . . 29.54 . . . . . . . . 1.20
Asian  Paints [1] . . . . . . . . . . . . . . . .. . . . . 3367.05. . . . . 3362.50. . . . . 3384.90. . . . . 3388.60. . . . . 3356.85. . . . . . 569.41. . . . . 3393.70. . . . . 1908.30. . . . . 95 . . . . . 3361.85  Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2055.70. . . . . . . . . . 2.41. . . . . . . 141.58 . . . . . . . . 1.14
Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 306.10. . . . . . . . . . 2.03. . . . . . . . . . . 0.00 . . . . . . . . 0.73
AurobindoPh [1] . . . . . . . . . . . . . . . .. . . . . . 736.15. . . . . . 748.05. . . . . . 736.15. . . . . . 750.90. . . . . . 733.60. . . . . 2377.91. . . . . 1063.75. . . . . . 660.10. . . . . 17 . . . . . . 748.10 
Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . 2851.70. . . . . . . . . . 1.85. . . . . . . . . 18.18 . . . . . . . . 0.49
AvenuSupmart . . . . . . . . . . . . . . . . .. . . . . 3961.85. . . . . 3979.70. . . . . 3970.00. . . . . 4000.00. . . . . 3964.90. . . . . . 203.69. . . . . 4012.70. . . . . 1949.30. . . . 210 . . . . . 3979.95 
Axis  Bank [2]. . . . . . . . . . . . . . . . . . .. . . . . . 788.35. . . . . . 794.40. . . . . . 791.00. . . . . . 801.00. . . . . . 790.00. . . . . 6301.21. . . . . . 819.00. . . . . . 400.00. . . . . 32 . . . . . . 794.50 
Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 755.40. . . . . . . . . . 1.75. . . . . . . . . 27.38 . . . . . . . . 0.74
Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3751.05. . . . . . . . . . 1.55. . . . . . . . . 19.27 . . . . . . . . 0.65
Bajaj  Auto . . . . . . . . . . . . . . . . . . . . .. . . . . 3699.55. . . . . 3751.05. . . . . 3717.40. . . . . 3767.00. . . . . 3690.00. . . . . . 741.88. . . . . 4361.20. . . . . 2823.35. . . . . 21 . . . . . 3750.15  M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 750.20. . . . . . . . . . 1.03. . . . . . . . . 35.74 . . . . . . . . 0.95
Bajaj  Hld. . . . . . . . . . . . . . . . . . . . . . .. . . . . 4281.40. . . . . 4282.20. . . . . 4329.95. . . . . 4329.95. . . . . 4258.85. . . . . . . 10.44. . . . . 4399.95. . . . . 2219.00. . . . 233 . . . . . 4279.70  NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 115.90. . . . . . . . . . 0.99. . . . . . . . . . . 7.27 . . . . . . . . 0.73
BajajFin [2]. . . . . . . . . . . . . . . . . . . . .. . . . . 7445.55. . . . . 7417.55. . . . . 7480.00. . . . . 7530.00. . . . . 7408.00. . . . . . 719.26. . . . . 7670.00. . . . . 3008.85. . . . 114 . . . . . 7417.95  Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 673.45. . . . . . . . . . 0.92. . . . . . . . . 31.53 . . . . . . . . 1.32
BajajFinserv [5]. . . . . . . . . . . . . . . . .. . . . 16938.20. . . . 16831.25. . . . 17000.00. . . . 17040.00. . . . 16795.80. . . . . . 159.23. . . . 17256.95. . . . . 5401.00. . . 1504 . . . . 16833.65  HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 739.20. . . . . . . . . . 0.82. . . . . . . 126.69 . . . . . . . . 0.81
BandhanBank . . . . . . . . . . . . . . . . . .. . . . . . 283.95. . . . . . 284.35. . . . . . 284.55. . . . . . 287.50. . . . . . 283.50. . . . . 3308.34. . . . . . 430.25. . . . . . 251.40. . . . . 23 . . . . . . 284.30  ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 123.95. . . . . . . . . . 0.76. . . . . . . . . . . 5.70 . . . . . . . . 0.60
BergrPaintIn [1] . . . . . . . . . . . . . . . .. . . . . . 839.30. . . . . . 834.85. . . . . . 844.00. . . . . . 847.00. . . . . . 833.60. . . . . . 504.69. . . . . . 872.00. . . . . . 550.60. . . . 104 . . . . . . 834.65  Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . 115.25. . . . . . . . . . 0.73. . . . . . . . . . . 4.25 . . . . . . . . 0.39
Bharti  Air [5] . . . . . . . . . . . . . . . . . . .. . . . . . 693.30. . . . . . 694.20. . . . . . 695.00. . . . . . 699.70. . . . . . 689.10. . . . 11479.08. . . . . . 699.70. . . . . . 394.05. . . . . ­ . . . . . . 694.10  Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . 6894.45. . . . . . . . . . 0.64. . . . . . . . . 40.58 . . . . . . . . 1.22
Biocon [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . . 353.60. . . . . . 355.70. . . . . . 355.00. . . . . . 356.40. . . . . . 353.00. . . . . 1174.01. . . . . . 487.70. . . . . . 327.75. . . . 190 . . . . . . 355.70  SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1170.90. . . . . . . . . . 0.58. . . . . . . . . 90.91 . . . . . . . . 0.68
Bosch . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 14566.10. . . . 14569.00. . . . 14585.00. . . . 14720.00. . . . 14500.00. . . . . . . 24.24. . . . 16900.00. . . . 11322.00. . . . . 33 . . . . 14565.25 
Bharti Airtel . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 694.20. . . . . . . . . . 0.49. . . . . . . . . . . 0.00 . . . . . . . . 2.18
Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . 2820.30. . . . . . . . . . 0.49. . . . . . . . . 47.04 . . . . . . . . 0.52
BPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 498.10. . . . . . 493.10. . . . . . 501.00. . . . . . 503.00. . . . . . 490.50. . . . 12091.39. . . . . . 503.00. . . . . . 324.90. . . . . . 8 . . . . . . 493.00 
Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1611.80. . . . . . . . . . 0.48. . . . . . . . . 12.75 . . . . . . . . 0.82
Britannia [1] . . . . . . . . . . . . . . . . . . .. . . . . 4093.85. . . . . 4101.50. . . . . 4097.00. . . . . 4153.00. . . . . 4082.40. . . . . . 419.44. . . . . 4152.05. . . . . 3317.90. . . . . 58 . . . . . 4101.65 
Cadila  HC [1] . . . . . . . . . . . . . . . . . .. . . . . . 555.55. . . . . . 560.85. . . . . . 556.00. . . . . . 563.40. . . . . . 553.50. . . . . 1244.19. . . . . . 673.70. . . . . . 358.10. . . . . 36 . . . . . . 560.75 
Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 953.15. . . . . . . . . . 0.32. . . . . . . . . 30.36 . . . . . . . . 0.64
Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 5094.85. . . . . . . . . . 0.28. . . . . . . . . 66.00 . . . . . . . . 0.86
Cipla [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 950.45. . . . . . 953.15. . . . . . 954.80. . . . . . 958.35. . . . . . 949.60. . . . . 1373.82. . . . . . 997.20. . . . . . 706.45. . . . . 29 . . . . . . 952.75  Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 781.40. . . . . . . . . . 0.27. . . . . . . . . 30.72 . . . . . . . . 1.12
Coal  India . . . . . . . . . . . . . . . . . . . . .. . . . . . 154.60. . . . . . 154.70. . . . . . 155.35. . . . . . 155.50. . . . . . 153.35. . . . . 8804.43. . . . . . 164.90. . . . . . 109.50. . . . . 13 . . . . . . 154.65  Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . 4101.50. . . . . . . . . . 0.21. . . . . . . . . 58.29 . . . . . . . . 0.64
Colgate [1]. . . . . . . . . . . . . . . . . . . . .. . . . . 1723.30. . . . . 1732.95. . . . . 1731.95. . . . . 1737.80. . . . . 1724.95. . . . . . 310.84. . . . . 1823.00. . . . . 1322.80. . . . . 44 . . . . . 1732.20  PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . 174.10. . . . . . . . . . 0.16. . . . . . . . . . . 7.60 . . . . . . . . 0.79
Dabur [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 640.20. . . . . . 639.20. . . . . . 640.20. . . . . . 640.95. . . . . . 634.75. . . . . 1422.84. . . . . . 650.90. . . . . . 479.20. . . . . 78 . . . . . . 639.35  State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 433.00. . . . . . . . . . 0.13. . . . . . . . . 14.68 . . . . . . . . 2.21
Divi'sLabs [2]. . . . . . . . . . . . . . . . . . .. . . . . 5085.20. . . . . 5094.85. . . . . 5125.00. . . . . 5191.40. . . . . 5071.80. . . . . . 521.16. . . . . 5269.00. . . . . 2986.70. . . . . 67 . . . . . 5092.25  ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 707.45. . . . . . . . . . 0.08. . . . . . . . . 22.52 . . . . . . . . 6.50
DLF  Ltd [2]. . . . . . . . . . . . . . . . . . . . .. . . . . . 339.65. . . . . . 342.30. . . . . . 341.00. . . . . . 345.00. . . . . . 341.00. . . . . 6832.14. . . . . . 359.10. . . . . . 142.55. . . . . 60 . . . . . . 342.25  Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 154.70. . . . . . . . . . 0.05. . . . . . . . . . . 6.91 . . . . . . . . 0.43
Shree Cement. . . . . . . . . . . . . . . . . . . . . . 30658.50. . . . . . . . ­0.01. . . . . . . . . 42.71 . . . . . . . . 0.54
Dr  Reddy [5] . . . . . . . . . . . . . . . . . . .. . . . . 4931.40. . . . . 4930.75. . . . . 4949.90. . . . . 4989.00. . . . . 4923.75. . . . . . 309.98. . . . . 5613.65. . . . . 4135.90. . . . . 50 . . . . . 4930.60 
Eicher  Motor [1]. . . . . . . . . . . . . . . .. . . . . 2805.00. . . . . 2820.30. . . . . 2818.80. . . . . 2870.00. . . . . 2809.65. . . . . . 672.70. . . . . 3035.50. . . . . 2016.00. . . . . 49 . . . . . 2819.80  Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . 4930.75. . . . . . . . ­0.02. . . . . . . . . 47.21 . . . . . . . . 0.79
TataConsumerProducts Ltd.. . . . 881.30. . . . . . . . ­0.11. . . . . . . 103.44 . . . . . . . . 0.70
Gail(India) . . . . . . . . . . . . . . . . . . . . .. . . . . . 145.90. . . . . . 156.00. . . . . . 147.20. . . . . . 156.65. . . . . . 147.20. . . . 36317.28. . . . . . 170.00. . . . . . . 81.25. . . . . 11 . . . . . . 155.95 
Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 477.95. . . . . . . . ­0.13. . . . . . . . . 11.93 . . . . . . . . 0.93
GlandPharma . . . . . . . . . . . . . . . . . .. . . . . 3810.00. . . . . 3812.35. . . . . 3821.00. . . . . 3863.35. . . . . 3795.05. . . . . . 179.02. . . . . 4350.00. . . . . 1700.00. . . . . ­ . . . . . . . . . . . ­ 
Godrej  Cons [1] . . . . . . . . . . . . . . . .. . . . . 1121.25. . . . . 1114.05. . . . . 1123.30. . . . . 1125.00. . . . . 1110.30. . . . . . 506.21. . . . . 1138.50. . . . . . 644.00. . . . . 89 . . . . . 1114.10 
JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 693.65. . . . . . . . ­0.17. . . . . . . . . 11.68 . . . . . . . . 0.89
UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 752.50. . . . . . . . ­0.44. . . . . . . . . 16.01 . . . . . . . . 0.55
Grasim [2] . . . . . . . . . . . . . . . . . . . . .. . . . . 1606.35. . . . . 1611.80. . . . . 1610.00. . . . . 1619.90. . . . . 1594.00. . . . . 1082.77. . . . . 1620.00. . . . . . 676.00. . . . . 62 . . . . . 1611.25 
HavellsIndia [1]. . . . . . . . . . . . . . . . .. . . . . 1450.10. . . . . 1465.55. . . . . 1450.30. . . . . 1471.45. . . . . 1450.10. . . . . 1024.08. . . . . 1470.50. . . . . . 643.00. . . . . 76 . . . . . 1464.85 
Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . 3362.50. . . . . . . . ­0.47. . . . . . . . . 90.56 . . . . . . . . 2.01
BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 493.10. . . . . . . . ­1.08. . . . . . . . . . . 5.94 . . . . . . . . 0.61
HCL  Tech [2] . . . . . . . . . . . . . . . . . . .. . . . . 1208.40. . . . . 1238.65. . . . . 1216.00. . . . . 1240.60. . . . . 1207.00. . . . . 5593.29. . . . . 1240.00. . . . . . 710.50. . . . . 37 . . . . . 1238.30  Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . . 16831.25. . . . . . . . ­1.49. . . . . . . . . 38.94 . . . . . . . . 1.35
HDFC [2]. . . . . . . . . . . . . . . . . . . . . . .. . . . . 2849.80. . . . . 2818.05. . . . . 2864.95. . . . . 2869.00. . . . . 2810.00. . . . . 2238.46. . . . . 2895.35. . . . . 1623.00. . . . . 42 . . . . . 2817.30  Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . 7417.55. . . . . . . . ­1.72. . . . . . . 100.39 . . . . . . . . 2.61
HDFC  AMC [5] . . . . . . . . . . . . . . . . .. . . . . 3302.05. . . . . 3268.90. . . . . 3314.00. . . . . 3338.00. . . . . 3255.00. . . . . . 298.33. . . . . 3363.00. . . . . 2071.00. . . . . 51 . . . . . 3268.65  Nestle India Ltd. . . . . . . . . . . . . . . . . . . 20230.45. . . . . . . . ­1.83. . . . . . . . . 88.21 . . . . . . . . 0.96
Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1452.30. . . . . . . . ­2.01. . . . . . . . . . . 7.74 . . . . . . . . 1.51
HDFC  Bank [1] . . . . . . . . . . . . . . . . .. . . . . 1555.55. . . . . 1548.55. . . . . 1560.00. . . . . 1564.50. . . . . 1546.60. . . . . 4879.25. . . . . 1650.00. . . . . 1025.15. . . . . 27 . . . . . 1548.25 
HDFCLifeIns. . . . . . . . . . . . . . . . . . . .. . . . . . 734.90. . . . . . 739.20. . . . . . 737.80. . . . . . 744.00. . . . . . 736.10. . . . . 1974.67. . . . . . 775.65. . . . . . 556.25. . . . 123 . . . . . . 739.20  Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . .. . 2368.45. . . . . . . . ­2.31. . . . . . . . . 27.65 . . . . . . 10.16
HeroMoto [2]. . . . . . . . . . . . . . . . . . .. . . . . 2789.80. . . . . 2851.70. . . . . 2800.00. . . . . 2861.00. . . . . 2800.00. . . . . . 880.59. . . . . 3628.55. . . . . 2636.00. . . . . 17 . . . . . 2849.70  UltraTech Cement. . . . . . . . . . . . . . . .. . 7856.45. . . . . . . . ­2.34. . . . . . . . . 38.07 . . . . . . . . 1.20
Hindalco [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 478.35. . . . . . 477.95. . . . . . 483.10. . . . . . 483.45. . . . . . 473.20. . . . 15253.80. . . . . . 483.60. . . . . . 155.00. . . . . 56 . . . . . . 477.90  Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . 2762.55. . . . . . . . ­4.90. . . . . . . . . 79.13 . . . . . . . . 3.27
Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1686.15. . . . . . . . ­4.92. . . . . . . . . 35.30 . . . . . . . . 8.30
HPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 270.65. . . . . . 274.15. . . . . . 272.45. . . . . . 275.85. . . . . . 270.70. . . . . 3211.84. . . . . . 312.00. . . . . . 163.30. . . . . . 4 . . . . . . 274.05 
HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1548.55. . . . . . . . ­7.05. . . . . . . . . 26.04 . . . . . . . . 8.97
HUL [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2786.35. . . . . 2762.55. . . . . 2802.00. . . . . 2804.00. . . . . 2751.05. . . . . 1755.06. . . . . 2825.40. . . . . 2001.00. . . . . 79 . . . . . 2762.85 
ICICI  Bank [2] . . . . . . . . . . . . . . . . . .. . . . . . 707.40. . . . . . 707.45. . . . . . 713.25. . . . . . 714.00. . . . . . 706.50. . . . . 5241.87. . . . . . 734.85. . . . . . 334.00. . . . . 27 . . . . . . 707.40 
HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2818.05. . . . . . ­13.20. . . . . . . . . 23.37 . . . . . . . . 6.74

the  country  as  a  special  administrative  re­ S1 S2 R1 R2 COMMENT

ICICILombGIC . . . . . . . . . . . . . . . . . .. . . . . 1636.85. . . . . 1614.70. . . . . 1624.95. . . . . 1629.60. . . . . 1578.70. . . . . 1148.38. . . . . 1656.55. . . . . 1201.00. . . . . 60 . . . . . 1615.95  Pts: Impact on index movement

gion, sources said. In April 2020, India issued 1545 1530 1562 1580 Outlook is bearish. Go short on a IndraprsGas [2]. . . . . . . . . . . . . . . . .. . . . . . 591.45. . . . . . 587.00. . . . . . 600.00. . . . . . 602.05. . . . . . 585.45. . . . . 3871.67. . . . . . 604.00. . . . . . 364.30. . . . . 34 . . . . . . 586.80 

a Press Note 3, which requires Chinese invest­ break below the support at ₹1,545. IndusInd  BK. . . . . . . . . . . . . . . . . . . .. . . . . . 996.30. . . . . 1036.60. . . . . . 999.00. . . . . 1039.00. . . . . . 997.60. . . . . 7838.38. . . . . 1119.20. . . . . . 485.00. . . . . 24 . . . . . 1036.50 
Nifty Next 50 Movers G 134.45 pts.
IndusTowers . . . . . . . . . . . . . . . . . . .. . . . . . 238.85. . . . . . 246.25. . . . . . 238.85. . . . . . 249.80. . . . . . 238.00. . . . . 6010.56. . . . . . 282.65. . . . . . 162.20. . . . . ­ . . . . . . . . . . . ­ 
ments  to  go  through  government  approval Stop­loss can be placed at ₹1,555 INFO  EDGE  (I). . . . . . . . . . . . . . . . . .. . . . . 6604.35. . . . . 6722.50. . . . . 6647.00. . . . . 6932.80. . . . . 6601.65. . . . . 1273.27. . . . . 6931.05. . . . . 3280.00. . . . 297 . . . . . 6719.50 
Close(₹) Pts PE Wt(%)
Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 156.00. . . . . . . . 62.86. . . . . . . . . . . 9.05 . . . . . . . . 2.26
routes, irrespective of the sector.  ₹1687 • Infosys Infosys [5] . . . . . . . . . . . . . . . . . . . . .. . . . . 1691.90. . . . . 1686.15. . . . . 1695.95. . . . . 1695.95. . . . . 1678.60. . . . . 4945.17. . . . . 1755.60. . . . . . 931.20. . . . . 38 . . . . . 1685.90  Adani Transmission .. . . . . . . . . . . .. . 1942.70. . . . . . . . 52.51. . . . . . . 156.25 . . . . . . . . 3.32
IntGlobAviat . . . . . . . . . . . . . . . . . . .. . . . . 1897.70. . . . . 1943.00. . . . . 1895.00. . . . . 1948.95. . . . . 1893.45. . . . . . 639.67. . . . . 1986.00. . . . . 1182.60. . . . . ­ . . . . . 1944.25  Yes Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 12.45. . . . . . . . 46.20. . . . . . . . . . . 0.00 . . . . . . . . 0.99
To  ensure  that  indirect  investments  from S1 S2 R1 R2 COMMENT
IOC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 114.00. . . . . . 115.25. . . . . . 114.00. . . . . . 115.90. . . . . . 114.00. . . . . 9235.07. . . . . . 117.85. . . . . . . 71.35. . . . . . 4 . . . . . . 115.20  Piramal Ent . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2648.70. . . . . . . . 33.31. . . . . . . . . 43.56 . . . . . . . . 2.62
these  countries  are  also  routed  through  dif­ 1680 1660 1695 1700 Coming down within its narrow I­PruLifeINS . . . . . . . . . . . . . . . . . . . .. . . . . . 693.40. . . . . . 689.90. . . . . . 698.80. . . . . . 700.25. . . . . . 687.50. . . . . . 630.88. . . . . . 724.50. . . . . . 397.65. . . . 204 . . . . . . 689.55  Info Edge (India) .. . . . . . . . . . . . . . . .. . 6722.50. . . . . . . . 31.99. . . . . . . . . 58.88 . . . . . . . . 4.23
ITC [1]. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 214.15. . . . . . 216.10. . . . . . 214.90. . . . . . 217.25. . . . . . 214.20. . . . 19621.85. . . . . . 239.15. . . . . . 163.40. . . . . 20 . . . . . . 216.05  Indus Towers .. . . . . . . . . . . . . . . . . . . . . .. . . . 246.25. . . . . . . . 20.96. . . . . . . . . 14.78 . . . . . . . . 1.62
ferent  jurisdictions  such  as  Mauritius  are range. Go short with a stop­loss at
Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1943.00. . . . . . . . 15.27. . . . . . . . . . . 0.00 . . . . . . . .
JSWSteelLtd [1] . . . . . . . . . . . . . . . .. . . . . . 694.40. . . . . . 693.65. . . . . . 696.40. . . . . . 702.00. . . . . . 692.25. . . . . 3185.81. . . . . . 776.50. . . . . . 257.70. . . . . 12 . . . . . . 693.40  1.52
covered as well – the press note specifies that ₹1,693 if Infosys breaks below JublilntFood . . . . . . . . . . . . . . . . . . . .. . . . . 4135.20. . . . . 4116.00. . . . . 4134.00. . . . . 4159.95. . . . . 4091.00. . . . . . 371.03. . . . . 4207.55. . . . . 2099.60. . . . 146 . . . . . 4116.00  Larsen & Toubro Info . . . . . . . . . .. . 5580.40. . . . . . . . 14.56. . . . . . . . . 48.32 . . . . . . . . 2.06
it applies to beneficial ownership of such in­ ₹1,680 Kot.Mah.Bk [5] . . . . . . . . . . . . . . . . .. . . . . 1840.05. . . . . 1867.75. . . . . 1850.00. . . . . 1879.00. . . . . 1845.15. . . . . 4168.08. . . . . 2048.95. . . . . 1231.20. . . . . 50 . . . . . 1867.50  Havells. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1465.55. . . . . . . . 13.56. . . . . . . . . 75.48 . . . . . . . . 2.99
L&T [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1671.70. . . . . 1696.45. . . . . 1676.00. . . . . 1698.80. . . . . 1675.40. . . . . 1407.27. . . . . 1717.90. . . . . . 842.50. . . . . 17 . . . . . 1696.20  Aurobindo Pharma . . . . . . . . . . . . . .. . . . 748.05. . . . . . . . 11.73. . . . . . . . . . . 8.23 . . . . . . . . 1.71
vestment in the specified countries. Further, ₹217 • ITC L&TInfotech [1]. . . . . . . . . . . . . . . . .. . . . . 5488.95. . . . . 5580.40. . . . . 5499.90. . . . . 5670.00. . . . . 5495.00. . . . . . 482.84. . . . . 5668.75. . . . . 2310.15. . . . . 50 . . . . . 5578.40 
Hpcl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 274.15. . . . . . . . . . 7.83. . . . . . . . . . . 3.73 . . . . . . . . 1.42
Para 3.1.1(b) of the press note specifies that any S1 S2 R1 R2 COMMENT Lupin [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 984.10. . . . . . 982.65. . . . . . 984.50. . . . . . 990.10. . . . . . 979.05. . . . . . 660.13. . . . . 1267.50. . . . . . 856.00. . . . . 29 . . . . . . 981.90 
Avenuesuper . . . . . . . . . . . . . . . . . . . . . . .. . 3979.70. . . . . . . . . . 7.12. . . . . . . 223.26 . . . . . . . . 3.69
Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2408.85. . . . . . . . . . 6.33. . . . . . . . . 92.18 . . . . . . . . 2.99
change in the existing ownership of FDI in In­ 215 212 218 220 Outlook is turning bullish. Initiate M&M [5] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 745.55. . . . . . 750.20. . . . . . 744.80. . . . . . 752.55. . . . . . 744.65. . . . . 3089.38. . . . . . 952.15. . . . . . 566.00. . . . . 64 . . . . . . 750.50 
Dlf. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 342.30. . . . . . . . . . 5.75. . . . . . . . . 56.82 . . . . . . . . 1.72
Marico  Ltd [1]. . . . . . . . . . . . . . . . . .. . . . . . 575.60. . . . . . 558.30. . . . . . 575.00. . . . . . 582.10. . . . . . 555.90. . . . . 5993.39. . . . . . 587.25. . . . . . 333.30. . . . . 62 . . . . . . 558.35 
dian entities resulting in the beneficial own­ fresh long positions now with a
Maruti [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . 6873.70. . . . . 6894.45. . . . . 6910.00. . . . . 6955.00. . . . . 6851.10. . . . . . 817.28. . . . . 8400.00. . . . . 6273.70. . . . . 42 . . . . . 6898.95 
Cadila Health . . . . . . . . . . . . . . . . . . . . . . .. . . . 560.85. . . . . . . . . . 4.75. . . . . . . . . 24.76 . . . . . . . . 1.17
Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1732.95. . . . . . . . . . 4.51. . . . . . . . . 44.03 . . . . . . . . 1.88
ership  falling  within  the  purview  of  Para stop­loss at ₹213 and accumulate MRF . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 80243.60. . . . 80423.85. . . . 80230.00. . . . 80847.05. . . . 80052.05. . . . . . . . 9.96. . . . 98575.90. . . . 55360.35. . . . . 24 . . . . 80403.35  United Spirits . . . . . . . . . . . . . . . . . . . . . .. . . . 758.90. . . . . . . . . . 4.49. . . . . . . . . 83.68 . . . . . . . . 1.84
3.1.1(a) will also require government approval. on dips. MuthootFinan . . . . . . . . . . . . . . . . . .. . . . . 1544.55. . . . . 1542.40. . . . . 1550.00. . . . . 1560.00. . . . . 1537.60. . . . . . 289.30. . . . . 1638.50. . . . . 1000.00. . . . . 16 . . . . . 1542.20  Biocon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 355.70. . . . . . . . . . 3.36. . . . . . . . . 53.83 . . . . . . . . 1.32
NestleIndia. . . . . . . . . . . . . . . . . . . . .. . . . 20452.25. . . . 20230.45. . . . 20450.00. . . . 20609.15. . . . 20180.00. . . . . . . 59.19. . . . 20599.95. . . . 15104.25. . . . . 88 . . . . 20232.20  Petronet Lng . . . . . . . . . . . . . . . . . . . . . . . .. . . . 231.05. . . . . . . . . . 2.63. . . . . . . . . 11.15 . . . . . . . . 1.41
₹124 • ONGC NMDC  Ltd [1] . . . . . . . . . . . . . . . . . .. . . . . . 151.55. . . . . . 151.90. . . . . . 152.10. . . . . . 153.70. . . . . . 151.10. . . . . 7857.86. . . . . . 213.15. . . . . . . 75.60. . . . . . 5 . . . . . . 151.95  Punjab Natl Bank . . . . . . . . . . . . . . . . .. . . . . 37.80. . . . . . . . . . 2.08. . . . . . . . . 12.66 . . . . . . . . 0.91
To bring back volume from SGX S1 S2 R1 R2 COMMENT NTPC . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 115.00. . . . . . 115.90. . . . . . 115.25. . . . . . 116.15. . . . . . 114.80. . . . . 7369.29. . . . . . 122.00. . . . . . . 78.10. . . . . . 8 . . . . . . 115.90  Nmdc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 151.90. . . . . . . . . . 1.40. . . . . . . . . . . 4.98 . . . . . . . . 1.41
Mrf  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80423.85. . . . . . . . . . 1.31. . . . . . . . . 23.87 . . . . . . . . 1.36
Nifty  index  futures,  which  is  India's  largest 123 120 126 128 Near a support. Go long if the stock
ONGC [5] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 123.05. . . . . . 123.95. . . . . . 123.30. . . . . . 125.40. . . . . . 122.80. . . . 16593.68. . . . . . 128.45. . . . . . . 64.15. . . . . 11 . . . . . . 123.90 
Torrent Pharma . . . . . . . . . . . . . . . . . . .. . 3133.10. . . . . . . . . . 1.21. . . . . . . . . 42.05 . . . . . . . . 1.25
Petronet . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 230.05. . . . . . 231.05. . . . . . 231.00. . . . . . 232.10. . . . . . 230.25. . . . . 1694.59. . . . . . 275.25. . . . . . 207.40. . . . . 11 . . . . . . 231.00 
trading  derivative  contract,  is  listed  on  the reverses higher from the support at PGHH . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 14202.90. . . . 13884.35. . . . 14329.90. . . . 14498.00. . . . 13799.20. . . . . . . 22.54. . . . 14552.95. . . . . 9700.05. . . . . 69 . . . . 13876.60 
Abbott India . . . . . . . . . . . . . . . . . . . . . . . . 21454.05. . . . . . . . . . 1.07. . . . . . . . . 64.56 . . . . . . . . 0.71
SGX and attracts billions of dollars worth of Bandhan Bank . . . . . . . . . . . . . . . . . . . . .. . . . 284.35. . . . . . . . . . 0.95. . . . . . . . . 22.58 . . . . . . . . 1.57
₹123. Keep the stop­loss at ₹119 PidiliteInd [1] . . . . . . . . . . . . . . . . . .. . . . . 2397.00. . . . . 2408.85. . . . . 2415.50. . . . . 2424.00. . . . . 2390.00. . . . . . 371.95. . . . . 2424.15. . . . . 1390.60. . . . . 93 . . . . . 2407.50 
Gland Pharma . . . . . . . . . . . . . . . . . . . . .. . 3812.35. . . . . . . . . . 0.31. . . . . . . . . 57.49 . . . . . . . . 1.17
trading. But Indian government has been try­ ₹2371 • Reliance Ind.
PiramalEntp [2]. . . . . . . . . . . . . . . . .. . . . . 2570.60. . . . . 2648.70. . . . . 2570.65. . . . . 2658.65. . . . . 2570.65. . . . . 1197.02. . . . . 2856.80. . . . . 1178.85. . . . 201 . . . . . 2648.85 
Bajaj Holdings . . . . . . . . . . . . . . . . . . . . .. . 4282.20. . . . . . . . . . 0.11. . . . . . . . . 12.70 . . . . . . . . 1.33
PowerGrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 173.90. . . . . . 174.10. . . . . . 173.90. . . . . . 175.10. . . . . . 173.50. . . . . 6325.82. . . . . . 188.63. . . . . . 115.99. . . . . . 9 . . . . . . 174.00 
ing to bring back trading volumes to Indian S1 S2 R1 R2 COMMENT Pun.Natl.Bk [2] . . . . . . . . . . . . . . . . .. . . . . . . 37.60. . . . . . . 37.80. . . . . . . 37.75. . . . . . . 38.35. . . . . . . 37.65. . . . 31674.87. . . . . . . 46.40. . . . . . . 26.30. . . . . 15 . . . . . . . 37.80 
Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14569.00. . . . . . . . . . 0.09. . . . . . . . . 49.75 . . . . . . . . 1.01
Siemens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2207.30. . . . . . . . ­0.39. . . . . . . . . 73.86 . . . . . . . . 1.60
markets  from  SGX.  For  this,  NSE­SGX  have 2365 2310 2380 2400 Outlook is bearish. Go short with a
Reliance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2371.55. . . . . 2368.45. . . . . 2375.00. . . . . 2394.00. . . . . 2366.00. . . . . 4111.21. . . . . 2479.85. . . . . 1830.00. . . . . 48 . . . . . 2368.30  Muthoot Finance . . . . . . . . . . . . . . . .. . 1542.40. . . . . . . . ­0.82. . . . . . . . . 15.71 . . . . . . . . 1.36
been  working  on  a  project  called  GIFT  Con­ stop­loss at ₹2,385 if RIL breaks
SBI  [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 432.85. . . . . . 433.00. . . . . . 435.00. . . . . . 436.75. . . . . . 432.25. . . . . 9981.56. . . . . . 467.30. . . . . . 175.55. . . . . 17 . . . . . . 433.05  Lupin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 982.65. . . . . . . . ­1.22. . . . . . . . . 26.75 . . . . . . . . 1.92
SBICards&Pay. . . . . . . . . . . . . . . . . .. . . . . 1085.95. . . . . 1061.30. . . . . 1090.00. . . . . 1090.00. . . . . 1057.75. . . . . 1128.68. . . . . 1165.00. . . . . . 766.10. . . . . ­ . . . . . . . . . . . ­  Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 639.20. . . . . . . . ­2.04. . . . . . . . . 63.06 . . . . . . . . 3.04
nect,  wherein  SGX­SPV  (special  purpose below the immediate support at SBILifeInsur . . . . . . . . . . . . . . . . . . . .. . . . . 1165.15. . . . . 1170.90. . . . . 1170.00. . . . . 1174.00. . . . . 1158.05. . . . . 1338.82. . . . . 1253.50. . . . . . 755.55. . . . . 91 . . . . . 1168.15  Alkem Laboratories . . . . . . . . . . . .. . 3806.30. . . . . . . . ­2.72. . . . . . . . . 27.17 . . . . . . . . 1.37
vehicle) will be admitted as a trading member ₹2365.  ShreeCement . . . . . . . . . . . . . . . . . .. . . . 30663.35. . . . 30658.50. . . . 30665.10. . . . 30785.00. . . . 30403.00. . . . . . . 33.01. . . . 32050.00. . . . 18214.40. . . . . 42 . . . . 30644.00  United Breweries . . . . . . . . . . . . . . . . .. . 1586.60. . . . . . . . ­3.13. . . . . . . 161.80 . . . . . . . . 0.92
Siemens [2] . . . . . . . . . . . . . . . . . . . .. . . . . 2208.55. . . . . 2207.30. . . . . 2210.00. . . . . 2221.45. . . . . 2201.85. . . . . . 125.52. . . . . 2317.60. . . . . 1186.80. . . . . 71 . . . . . 2205.70  Berger Paints India . . . . . . . . . . . . .. . . . 834.85. . . . . . . . ­3.79. . . . . . . . . 95.95 . . . . . . . . 1.65
of NSE IFSC. Those registered on SGX will be Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . .. . 4732.45. . . . . . . . ­4.73. . . . . . . . . 78.78 . . . . . . . . 3.88
₹433 • SBI Sun  Pharma [1] . . . . . . . . . . . . . . . .. . . . . . 780.30. . . . . . 781.40. . . . . . 784.70. . . . . . 788.00. . . . . . 777.30. . . . . 1996.84. . . . . . 804.40. . . . . . 452.60. . . . . 89 . . . . . . 781.40 
able  to  trade  on  NSE's  GIFT  platform  via  the S1 S2 R1 R2 COMMENT Tata  Motors [2] . . . . . . . . . . . . . . . .. . . . . . 301.20. . . . . . 306.10. . . . . . 302.25. . . . . . 307.20. . . . . . 302.20. . . . 23234.65. . . . . . 360.65. . . . . . 122.15. . . . . ­ . . . . . . 306.05 
I­Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 689.90. . . . . . . . ­4.76. . . . . . . 204.77 . . . . . . . . 2.18
Jubilant Foodworks . . . . . . . . . . . . .. . 4116.00. . . . . . . . ­5.15. . . . . . . 145.21 . . . . . . . . 2.56
SPV. Tata  Steel . . . . . . . . . . . . . . . . . . . . .. . . . . 1463.45. . . . . 1452.30. . . . . 1476.00. . . . . 1476.00. . . . . 1449.00. . . . . 5503.77. . . . . 1534.60. . . . . . 343.00. . . . . . 9 . . . . . 1452.25 
Indraprastha Gas . . . . . . . . . . . . . . . .. . . . 587.00. . . . . . . . ­5.46. . . . . . . . . 29.03 . . . . . . . .
431 427 435 442 Can dip before reversing higher. Go TataConsuPro . . . . . . . . . . . . . . . . . .. . . . . . 882.10. . . . . . 881.30. . . . . . 884.80. . . . . . 885.90. . . . . . 877.60. . . . . . 622.42. . . . . . 889.00. . . . . . 458.95. . . . . ­ . . . . . . . . . . . ­ 
1.67
A large number of brokers from Hong Kong long on a reversal from ₹431. TCS [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3845.35. . . . . 3885.90. . . . . 3849.95. . . . . 3896.50. . . . . 3825.00. . . . . 1991.19. . . . . 3895.60. . . . . 2302.50. . . . . 42 . . . . . 3885.15 
Hdfc Asset Mgmt Cmp . . . . . . . .. . 3268.90. . . . . . . . ­6.43. . . . . . . . . 50.88 . . . . . . . . 1.47
Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . . 13884.35. . . . . . . . ­8.03. . . . . . . . . 69.15 . . . . . . . . 0.81
are known to churn huge volumes on the SGX, Stop­loss can be placed at ₹426. TechMahindra [5]. . . . . . . . . . . . . . .. . . . . 1429.50. . . . . 1452.05. . . . . 1435.00. . . . . 1457.00. . . . . 1429.50. . . . . 1555.00. . . . . 1477.50. . . . . . 745.00. . . . . 32 . . . . . 1450.65  Acc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2442.95. . . . . . . . ­8.42. . . . . . . . . 23.31 . . . . . . . . 1.68
which  also  has  a  tax  treaty  with  Singapore. TitanCompany [1] . . . . . . . . . . . . . .. . . . . 2030.65. . . . . 2055.70. . . . . 2038.90. . . . . 2061.50. . . . . 2032.05. . . . . . 888.77. . . . . 2067.25. . . . . 1076.00. . . . 140 . . . . . 2055.75  Godrej Consumer . . . . . . . . . . . . . . . .. . 1114.05. . . . . . . . ­9.54. . . . . . . . . 65.48 . . . . . . . . 3.43
Sources said that Hong Kong brokers are keen ₹3880 • TCS TorrentPhar [5]. . . . . . . . . . . . . . . . .. . . . . 3126.05. . . . . 3133.10. . . . . 3129.00. . . . . 3143.95. . . . . 3105.00. . . . . . . 88.65. . . . . 3226.05. . . . . 2311.30. . . . . 48 . . . . . 3134.40  Ambuja Cements . . . . . . . . . . . . . . . . .. . . . 432.45. . . . . . . . ­9.78. . . . . . . . . 20.64 . . . . . . . . 2.59
S1 S2 R1 R2 COMMENT UB [1] . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1599.10. . . . . 1586.60. . . . . 1598.00. . . . . 1622.95. . . . . 1581.15. . . . . . 738.09. . . . . 1622.00. . . . . . 898.50. . . . 163 . . . . . 1587.00  Sbi Cards And Pay Srv . . . . . . . .. . 1061.30. . . . . . ­14.91. . . . . . . 111.48 . . . . . . . . 1.49
to trade on GIFT City via SGX but want the GIFT UltraTech . . . . . . . . . . . . . . . . . . . . . .. . . . . 7944.45. . . . . 7856.45. . . . . 7970.00. . . . . 7973.05. . . . . 7850.00. . . . . . 168.41. . . . . 8070.60. . . . . 3755.00. . . . . 36 . . . . . 7857.40  Icici Lombard Gic . . . . . . . . . . . . . . . . .. . 1614.70. . . . . . ­16.94. . . . . . . . . 59.85 . . . . . . . . 2.87
authorities to join the International Organiz­ 3850 3810 3900 3965 Outlook is bullish. Initiate fresh long United  Spr [2] . . . . . . . . . . . . . . . . . .. . . . . . 754.60. . . . . . 758.90. . . . . . 754.60. . . . . . 771.80. . . . . . 752.50. . . . . 2023.07. . . . . . 776.80. . . . . . 494.00. . . . . 81 . . . . . . 758.80  Adani Enter. . . . . . . . . . . . . . . . . . . . . . . . . .. . 1513.20. . . . . . ­18.55. . . . . . . 120.86 . . . . . . . . 3.39
position on a break above ₹3,900 UPL [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 756.00. . . . . . 752.50. . . . . . 760.90. . . . . . 764.85. . . . . . 751.00. . . . . 1932.97. . . . . . 864.75. . . . . . 399.00. . . . 162 . . . . . . 752.75  Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 303.20. . . . . . ­23.69. . . . . . . . . . . 6.00 . . . . . . . . 3.12
ation of Securities Commissions (IOSCO).  Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 558.30. . . . . . ­31.31. . . . . . . . . 61.26 . . . . . . . . 2.35
with a stop­loss at ₹3,875. Vedanta [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 308.55. . . . . . 303.20. . . . . . 309.25. . . . . . 309.25. . . . . . 302.55. . . . . 8122.32. . . . . . 341.25. . . . . . . 91.25. . . . . 10 . . . . . . 303.20 
IFSCA, SGX and NSE did not respond to an Wipro [2] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 670.75. . . . . . 673.45. . . . . . 671.00. . . . . . 675.70. . . . . . 670.00. . . . . 3661.34. . . . . . 690.80. . . . . . 282.65. . . . . 38 . . . . . . 673.20 
Adani Green Energy . . . . . . . . . . . .. . 1149.40. . . . . . ­41.99. . . . . . . 470.67 . . . . . . . . 3.13

email query.  S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.  Yes  Bk [2] . . . . . . . . . . . . . . . . . . . . .. . . . . . . 11.10. . . . . . . 12.45. . . . . . . 11.10. . . . . . . 12.85. . . . . . . 11.05. . . 777602.46. . . . . . . 20.83. . . . . . . 10.51. . . . . ­ . . . . . . . 12.51  Pts: Impact on index movement 

CM . . . . . .. ...BG­BGE
YK
BENGALURU
BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021
Weathering challenges of 2nd Covid wave, Retail sector inching close to
microfinance industry grows in Q1FY22 pre­pandemic levels : RAI
Loan disbursements rose to ₹25,503 crore
against ₹6,186 crore in the same period
last year, loan portfolio up 4 per cent
SHOBHA ROY
Kolkata, September 14
The  regional  lockdowns
across  various  parts  of  the
country  induced  by  the
second  wave  of  Covid  not­
withstanding,  the  microfin­
ance  industry  witnessed  a
surge  in  disbursements  in
the April­June 2021 quarter.
Loan disbursals
Loan  disbursals  jumped  to
₹25,503 crore during Q1FY­22
compared  to  ₹6,186  crore  in
the  same  period  last  year.
The  number  of  loans  dis­
bursed  also  increased  to  71
lakh as against just around 21
lakh  last  year,  MFIN  (Mi­
crofinance  Institutions  Net­
work)  said  in  its  latest  issue
of  Micrometer  report  for
April­June 2021.
As on June 30, 2021, the mi­
crofinance  industry  served
Banks’ gross NPAs may cross ₹10­lakh cr  Spice Money fined
by March 2022: Assocham­Crisil study
Cites slippages  Code  (IBC)  will  be  tested  by
in retail, MSME
accounts as
possible reasons
OUR BUREAU
New Delhi, September 14
Banks’  gross  non­perform­
ing assets (GNPAs) are likely
to  exceed  ₹10  lakh  crore  by
March  2022,  according  to  a
recent  Assocham­Crisil  joint
study released on Tuesday,
This  study,  “Reinforcing
the Code,” conducted by the
Associated  Chambers  of
Commerce  and  Industry  of
India  (Assocham)  in  collab­
oration  with  credit  rating
agency  Crisil,  highlighted
that  “NPAs  are  expected  to
rise  to  8.5­9  per  cent  by
March  2022,  driven  by  slip­
pages  in  retail,  micro,  small
and  medium  enterprise
(MSME)  accounts,  as  well  as
some restructured assets.”
“The  effectiveness  of  the
Insolvency  and  Bankruptcy
IDFC losing investor confidence over delay in value unlocking Union Bank of India inks first $1.50b
OUR BUREAU
Mumbai, September 14 
Investors’ patience with IDFC’s
drawn  out  restructuring  exer­
cise seems to be wearing thin,
going  by  their  feedback  to  its
Board  and  management  at  a
pre­annual  general  meeting
conference call.  simplify  the  entire  corporate
While  one  investor  wanted
IDFC  to  immediately  divest  its
stake in its asset management
company  (AMC),  failing  which
he  said  he  will  reach  out  to
other  investors’  to  seek  a
change  in  management,  an­
Hero Vired forays into
corporate upskilling  Twitter received 1,455 grievances in
Edtech venture to
assist enterprises  During the period,
in upskilling
employees
OUR BUREAU
Bengaluru, September 14  and similar content, and 4,648
Hero  Group’s  edtech  venture,
Hero Vired has entered the corpor­
ate  upskilling  space with  the
launch of its B2B arm called Vired
for Business.
This new vertical of Hero Vired
will assist enterprises in upskilling
employees,  sourcing  talent,  re­
cruiting  new  talent,  implement­
ing  internal  learning  programs,
and  setting  up  internal  know­
ledge  academies.  Hero  Vired  for
Business will also offer a custom­
ised  curriculum  in  Full­Stack  de­
velopment, Data Science, Machine
Learning,  Artificial  Intelligence,
Finance  &  Fintech,  Game  Design
and  Leadership,  Entrepreneurial
Thinking, and Innovation.  pands  Hero  Vired's  reach  in  the
Programs will be customisable
to fit businesses across verticals at
every stage of their growth cycle.
Hero Vired has integrated the MITx
CM
YK
5.68 crore unique borrowers,
through  10.30  crore  loan  ac­
counts.  The  overall  industry
currently  has  a  total  gross
loan  portfolio  (GLP)  of
₹2,37,369  crore,  an increase
of  over  4 per  cent  compared
to ₹2,27,727 crores as on June
30, 2020.
According  to  Alok  Misra,
CEO  and  Director  of  MFIN,
both  loan  portfolio  and  dis­
bursements  rose  in  Q1FY­22
on  a  Y­o­Y  basis.  The  growth
was  however  muted  sequen­
tially  in  comparison  to
Q4FY­21.  in the RBI’s consultative doc­
“This growth, despite diffi­
cult  operating  environment
due  to  second  wave  of
Covid­19, shows the ability of
the industry to learn quickly
and adapt to challenges. The
Credit Guarantee Scheme for
microfinance  institutions
with  focus  on  small  and  me­
the  probable  surge  in  NPAs,
as  a  year­long  moratorium
on  the  filing  of  new  insolv­
ency  cases  ended  in  March
2021, and most pandemic­re­
lated  policies  or  initiatives
are  unlikely  to  be  contin­
ued,” said the report.
Stressed assets
According  to  the  Assocham­
Crisil study, the expected in­
crease  in  GNPAs  of  both
banks  and  non­banks  this
fiscal  year  as  a  result  of  the
pandemic  will  provide  an
opportunity  for  players  in
the stressed assets market to
resolve  their  debts  through
a variety  of  routes,  with  IBC
likely  to  be  the  most
popular.
While  the  proposed  re­
structuring  scheme  for
MSMEs  and  small  debtors
should  keep  NPAs  from
rising too much, stressed as­
set  investors  with  experi­
ence and interest in these as­
set  classes  have  an
other investor, referring to the
performance  of  the  stock,  al­
leged  value  destruction  for
shareholders.  In his statement to the share­
Vinod  Rai,  Non­Executive
Chairman, IDFC, explained that
it  has  taken  the  company  the
last three­four years to try and
structure  and  it  has  managed
to remove all the other entities,
except  the  Bank,  AMC  and  the
Foundation. “Now, what we are
grappling  with  today  is  the
IDFC  Foundation.  It  has  two
joint ventures under it ­­ one is
Akshay Munjal, Founder and
CEO, Hero Vired
MicroMasters  programs  into  its
PG  Certificate  programs.  Hero
Vired  is  a  startup  venture  of  the
Hero Group that offers career­rel­
evant  programs in  partnership
with universities to make learners
more  competent  and  industry­
ready for emerging jobs and pro­
fessions under Industry 4.1.  mediary  Guidelines  and  Di­
Commenting  on  the  develop­
ment,  Akshay  Munjal,  Founder
and CEO of Hero Vired, said, “ With
Vired for Business, we want to ad­
dress the skill gap challenge com­
prehensively. Vired for Business ex­
country  by  addressing  the  chal­
lenges companies face when train­
ing,  inducting,  or  skilling  their
employees.”
dium­sized  MFIs  would  en­
sure  growth  of  MFIs  in  the
short  term  as  fresh  loans
need  to  be  disbursed  using
the  funds  received  under
this  scheme.  In  the  medium
to  long­term,  the  asset­class
based  regulations  proposed
ument,  expected  soon,
would  provide  the  much­
needed  impetus  to  industry
to  transform  for  a  better  fu­
ture,  leveraging  on  the  past
experience,” Misra said.  outstanding  on  a  year­on­
Share of loan portfolio
Banks  (numbering  around
X
W
The study also found
that Indian banks’ risk
management policies,
particularly those of
public sector banks,
might improve
opportunity,  according  to
the report.
The  study  also  found  that
Indian  banks’  risk  manage­
ment  policies,  particularly
those of public sector banks,
might  improve.  Previously,
laws  were  not  in  favour  of
lenders,  allowing  unscrupu­
lous  promoters  to  take  ad­
vantage of the time­consum­
ing  recovery  process.  A
significant  number  of  bank
wilful  defaulters  attests  to
this.
Tighter rules
The  RBI,  on  the  other  hand,
has  tightened  the  rules  for
such  defaulters  and  made
the  rules  for  stressed  asset
resolution  harsher.  This,  to­
with the Government of Delhi
and another is with the Govern­
ment of Karnataka.” 
holders in the latest annual re­
port, Rai observed that in pur­
suit  of  creating  maximum
value for shareholders, over the
last  few  years  the  Board  has
been  focused  on  cleaning  up
the  corporate  structure  of  the
IDFC Group while awaiting the
expiry  of  the  5­year  lock  in
period  for  the  Group  as  pro­
moter of IDFC FIRST Bank.  term  of  reference  for  the  ad­
The  Reserve  Bank  of  India
August, says latest transparency report
the firm received
617 grievances of
abuse/harassment  tion,  non­consensual  nudity,
OUR BUREAU
New Delhi, September 14  lated  to  promotion  of  terror­
Twitter India in its latest Trans­
parency  Report  under  the  IT
Rules said that it has received
as  many  as  1,455  grievances
between July 26 and August 25,
and actioned 519 URLs during
this period.  ment,  or  in  accordance  with
In  compliance  with  the  In­
formation  Technology  (Inter­
gital Media Ethics Code) Rules,
2021,  Twitter  is  required  to
publish  a  monthly  compli­
ance  report  which  includes
the details of complaints from
users  via  the  India  grievance
mechanism and action taken
on  them,  as  well  as  informa­
tion related to Twitter’s proact­
ive  monitoring  efforts  under
Highlights
■
Banks  hold  the  largest
share  of  the  portfolio  in
micro­credit  with  a  total
loan  outstanding  of
₹1,02,405  crore
■
As  on  June  30,  2021,  MFI
served  5.68  crore  unique
borrowers,  through  10.30
crore  loan  accounts
13)  hold  the  largest  share  of
the  portfolio  in  micro­credit
with a total loan outstanding
of  ₹1,02,405  crore,  account­
ing  for  a  little  over  43  per
cent of the total micro­credit
universe.  ing  of  ₹38,624  crore  with  a
NBFC­MFIs  are  the  second
largest  provider  of  micro­
credit  with  a  loan  amount
outstanding of ₹75,021 crore,
accounting  for  32  per  cent.
NBFC­MFIs witnessed close to
7 per  cent  increase  in  loan
year  basis  against  ₹71,301
crore  as  on  June  30,  2020.
The  GLP  includes  owned
gether  with  the  IBC  frame­
work's  greater  resolution  of
large­ticket  NPAs,  has  resul­
ted  in  improved  NPA
recovery.
According  to  the  report,
bank  GNPAs  have  decreased
since  their  high  in  March
2018  and  were  lower  in
March  2021  than  in  March
2020  due  to  supportive
measures  such  as  the  six­
month  debt  moratorium,
emergency  credit  line  guar­
antee scheme (ECLGS) loans,
and restructuring measures.
The  present  asset  quality
stress cycle, according to the
report, will be different from
that  of  a  few  years  ago.
“NPAs largely came from lar­
ger,  chunkier  accounts  at
the  time.  Smaller  accounts,
particularly  in  the  MSME
and retail segments are pro­
jected to be more vulnerable
this time than large corpora­
tions,  which  have  signific­
antly  consolidated  and  de­
leveraged  their  balance
sheets in recent years.
vide  their  letter  dated  July  20,
2021, has clarified that after ex­
piry of the ‘lock in’ period of 5
years, IDFC can exit as promoter
of IDFC FIRST Bank.  and detachment of Foundation
Rai,  who  was  the  Comp­
troller  and  Auditor  General  of
India  between  2008  and  2013,
emphasised  that  IDFC  has  en­
gaged a security advisor in Oc­
tober 2020 for disinvestment of
non­core  activities  and  for
drawing  up  a  strategy,
roadmap ahead, etc. The single
visor  was  maximisation  of
the IT Rules. As per its Proactive
Monitoring  Data,  the  com­
pany  has  also  suspended  a
total  of  26,726  accounts  re­
lated to child sexual exploita­
accounts  were  suspended  re­
ism.  ism activity, the company said
“We will continue to publish
this report on a monthly basis,
and will make improvements
over time, based on feedback
received  from  the  govern­
internal changes that allow for
us  to  provide  more  granular
data,” the company said.  data,  we  processed  36  griev­
Complaints
During  the  period,  the  com­
pany received 617 grievances of
abuse/harassment  from
which 101 URLs were actioned,
503  impersonation  cases  of
which 347 URLs were actioned,
226 of IP­related infringement
cases of which 24 URLs were ac­
portfolio  of  ₹65,206  crore
and  managed  portfolio  of
₹11,031 crore. Loan amount of
₹6,511 crore was disbursed by
NBFC­MFIs  in  Q1FY­22
through  17.97­lakh  accounts
compared  to  ₹561  crore  dis­
bursed  during  the  same
period last year through 1.99­
lakh accounts.
Average  loan  amount  dis­
bursed  per  account  during
the  quarter  under  review
was  ₹36,243,  which  is  an  in­
crease of around 29 per cent
comapred to  the  same
quarter last financial year.
Small finance banks have a
total  loan  amount  outstand­
total  share  of  around  16  per
cent.  NBFCs  account  for  an­
other  8  per  cent,  and  other
MFIs for around one per cent
of the total microcredit port­
folio.  while retailers in South India re­
In terms of regional distri­
bution  of  GLP,  East,  North­
east  and  South  continue  to
account  for  66  per  cent  of
the total portfolio.
₹2.44 lakh for
not complying
with RBI directives
OUR BUREAU
Mumbai, September 14
Reserve  Bank  of  India  (RBI)  has
imposed  monetary  penalty  of
₹2.44 lakh on Spice Money Ltd for
non­compliance  with  certain
provisions of its directions relat­
ing to issuance and operation of
prepaid  payment  instruments
(PPIs). PPIs are instruments that
facilitate purchase of goods and
services, financial services, remit­
tance  facilities,  etc.,  against  the
value stored therein.  of its working capital loan of
The  central  bank,  in  a  state­
ment, said, “It was observed that
the entity (Spice Money) was non­
compliant with the directions is­
sued  by  RBI  on  maintenance  of
escrow account balance. Accord­
ingly, notice was issued to the en­
tity advising it to show cause as to
why  penalty  should  not  be  im­
posed  for  non­compliance  with
the directions.”  Pre-IPO placement
As per RBI’s master directions
on PPIs, a non­bank PPI issuer is
required  to  maintain  the  out­
standing balance in an escrow ac­
count  with  any  scheduled  com­
mercial bank.
shareholder value, he added. 
In the report, IDFC Chairman
noted that alienation of the in­
vestments by IDFC Foundation
are  a  prerequisite  for  the  op­
timum  restructuring  of  IDFC
for  creating  maximum  value
for shareholders.
IDFC management has been
making full efforts in this direc­
tion but progress on this front
has  been  slow  in  view  of  chal­
lenging nature of specific con­
ditions  that  exist  in  the  joint
venture agreements, he added.  points.  credit  facilities  will  decrease  or
tioned, 68 cases of defamation
of  which  39  URLs  were  ac­
tioned, and 29 cases of sensit­
ive  adult  content  of  which  5
URLs  were  actioned,  Twitter
said in the report.  “This includes media, text, il­
“In  addition  to  the  above
ances  which  were  appealing
Twitter  account  suspensions.
These were all resolved and the
appropriate  responses  were
sent. We overturned six of the
account suspensions based on
the  specifics  of  the  situation,
but the other accounts remain
suspended,” it said.
“Twitter  received  34  re­
North, South India
lead the recovery
trends in August
MEENAKSHI VERMA AMBWANI
New Delhi, September 14
Retailers  in  the  country  are
inching close to pre­pandemic
levels of sales, with some even
hopeful  of  clocking  higher
sales  compared  to  2019  in  the
upcoming festival season.
According  to  the  latest  sur­
vey by Retailers Association of
India  (RAI),  in  August  sales  of
the retail industry was pegged
at about 88 per cent of the pre­
pandemic levels (August 2019).
In comparison, retail sales were
pegged at about 72 per cent of
pre­pandemic levels in July.
Northern  and  Southern  In­
dia  led  the  recovery  trends  in
August.  In  North  India,  retail
businesses  clocked  sales  at  98
per  cent  of  pre­Covid  levels
gistered sales at 97 per cent of
pre­Covid  levels.  Retailers  in
Western  and  Eastern  regions
are also witnessing positive re­
covery  and  garnered  sales  at
Debt­heavy GoFirst gets ₹2,000 cr
from promoter Wadia Group
Gets tenure of its
working capital 
loan renewed  managed  to  get  another
FORUM GANDHI
Mumbai, September 14
In  a  move  that  will  help  the
debt­laden  airline,  IPO­
bound  GoFirst  (formerly
GoAir)  has  received  ₹2,000
crore  from  its  promoters,
the Wadia Group.  answered.
It  has  also  got  the  tenure
₹2,835.00  crore renewed  by
the  consortium  led  by  Cent­
ral Bank of India, with an ad­
ditional  loan  of  ₹300  crore
to  tide  over  the  Covid­19
crisis.
The  airline  is  likely  to  go
public in October or Novem­
ber.  to the Ministry of Corporate
Speaking  to  BusinessLine, a
top­placed  source  said  that
as its pre­IPO placement, the
Wadia  Group  had  assured
equity of up to ₹1,500 crore.
Along  with  this,  the  pro­
sustainability­linked overseas loan 
OUR BUREAU
Mumbai, September 14  statement,  said  the  facility  in­
Union  Bank  of  India  (UBI)  on
Tuesday said it has syndicated a
“sustainability­linked loan” facil­
ity aggregating $1.50 billion for a
Singapore­based  global  trading
corporate.  able power portfolio.
The syndicated loan is of three
years tenor and the coupon rate
is  LIBOR  (London  Inter­Bank
Offered  Rate)  plus  155  basis
quests related to general ques­
tions  about  Twitter  accounts
during this reporting period,”
it said.  New Delhi, September 14
There  are  many  measures
that  have  been  in  place  for  a
long  time  on  Twitter  that  re­
late to the mitigation of child
sexual exploitation and terror­
adding  that  Twitter  does  not
tolerate any material that fea­
tures or promotes child sexual
exploitation — whether in Dir­
ect  Messages  or  elsewhere
throughout the service.  of Commerce and United Bank
lustrations,  or  computer­gen­
erated  images.  When  we  re­
move  a  content,  we
immediately  report  it  to  the
National  Center  for  Missing
and  Exploited  Children
(NCMEC).  NCMEC  makes  re­
ports  available  to  the  appro­
priate law enforcement agen­
cies  around  the  world  to
facilitate  investigations  and
prosecutions,” it added.  It  maybe  recalled  that  PNB
NEWS
August sales of the retail sector
were pegged at about 88 per
cent of the pre­pandemic levels
76%  and  81%  of  pre­pandemic
levels.
‘Cautious optimism’
In a statement, Kumar Rajago­
palan,  CEO,  Retailers  Associ­
ation of India , said, “As the fest­
ive season approaches and the
inoculation drive picks up pace
across the country, we are hope­
ful  that  the  festive  shopping
this  year  will  drive  positive
growth for most retailers, with
the possibility of some retailers
doing even better sales than the
pre­pandemic levels.” He added
that though recovery at the mo­
ment looks encouraging across
categories, retailers continue to
maintain  cautious  optimism
due to the possibility of a third
Airline likely to go public in
October or November
moter group had assured in­
fusion  of  funds  to  the  tune
of ₹300 crore in the event of
an  “exigency”  along  with
debt of another ₹200 crore.  the  Finance  Ministry  which
Other capital sources
According  to  data  available
on  Tofler and  documents
submitted  by  the  company
Affairs,  the  company has
also  managed  to  renew  its
working  capital  agreement
with  its  consortium  led  by
the Central Bank of India for
₹2,835  crore.  This  includes  a
fresh loan of ₹300 crore.  over  ₹3,600  crore  through
“GoAir  has  had  this  loan
The  public  sector  bank,  in  a
cludes three Key Performance In­
dicators  (KPIs)  relating  to  a  re­
duction  in  greenhouse  gas
emissions, responsible sourcing
of  metals  and  growing  renew­
Key performance indicators
Under this structure, the interest
rate paid by the borrower on the
PNB gears up to sell
entire stake in CHOICE
Invites bids for
appointment 
of legal advisor 
K R SRIVATS
Punjab  National  Bank,  the
country’s  second  largest  pub­
lic sector bank, has set the ball
rolling  for  sale  of  its  entire
stake  in  Canara  HSBC  OBC  Life
Insurance  (CHOICE)  by  invit­
ing  bids  for  the  appointment
of  a  legal  advisor  for  the  pro­
posed transaction.  time,  depending  on  market
After  the  three  way  amal­
gamation  with  Oriental  Bank
of  India  from  April  1  last  year,
PNB  had  become  a  promoter
shareholder,  with  23  per  cent
stake  in  CHOICE.  Prior  to  this
amalgamation,  OBC  held  23
per cent stake in CHOICE.  hold  more  than  10  per  cent
Canara  Bank  has  a  51  per
cent  stake  andHSBC  Insurance
(Asia  Pacific)  Holdings  has  26
per  cent  stake  in  the  life  in­
surer,  which  is  now  an  associ­
ate company of PNB.  PNB  MetLife  insurance  (30  per
had, in May this year, said that
7
wave of the pandemic.In terms
of categories, the quick service
restaurants sector witnessed a
growth of 12 per cent in August
2021 compared to August 2019.
Food and grocery segment also
witnessed  a  sales  growth  of
four percent compared to pre­
pandemic levels.
However, Beauty & Wellness,
which includes salons, apparel,
footwear and jewellery are yet
to  catch  up  to  the  pre­pan­
demic levels of sales., the survey
noted. Beauty and wellness and
personal  care  segment  was
back at about 62CO9 per cent of
pre­pandemic sales. 
Meanwhile, the footwear seg­
ment is back to 83 per cent of
the  pre­pandemic  sales.  Ap­
parel and clothing segment too
is yet to get back to the pre­pan­
demic level (88 per cent of pre­
pandemic  levels).“The  overall
industry  sentiment  will  im­
prove  when  the  clothing  and
accessories  category  shows
growth. RAI hopes that the fest­
ive season will bring back cheer
to the retail industry across sec­
tors and those employed in it,”
the industry body added.
for over a decade now, and it
has  never  defaulted  despite
difficult  times.  Hence,  it
loan,” the sources said.
Sources  say that  IDBI  was
now  added  to  the
consortium.
However,  this  could  not
be  confirmed  immediately.
An  email  query  sent  to
GoFirst  remained  un­
The  low­cost  carrier  also
managed  to  get  ₹25  crore
under the Emergency Credit
Guarantee  Line  Scheme  by
includes the  aviation
industry.
Sources  say  that  the  final
prospectus  is  likely  to  be
filed  by  the  end  of  the
month  or  early  next  month.
Depending  on  the  sugges­
tions of investment bankers,
the  GoFirst  IPO  may  hit  the
markets  by October­end  or
in  the  first  week  of  Novem­
ber. The airline plans to raise
the listing.
increase  based  on  the  group’s
progress on the KPIs, it added. 
The  sustainability­linked  KPIs
will  have  to  be  tested  annually
and verified by a third­party ex­
pert. 
UBI  said  sustainability­linked
financing demonstrates its com­
mitment  towards  environ­
mental and responsible lending,
reducing  its  carbon  footprint,
and diversifying its asset base to­
wards renewable energy.
PNB has been a promoter
shareholder, with 23 per cent
stake in CHOICE since 2020
PNB  will  divest  stake  in
CHOICE  at  an  “appropriate
conditions  and  available
options.”
IRDAI norm
The  plan  to  exit  CHOICE  is  in
keeping  with  the  insurance
regulator  IRDAI’s  norm  that  a
commercial  bank  should  not
stake in two life insurance ven­
tures at the same time. Post the
OBC  amalgamation,  PNB  had
significant  shareholding  in
two  life  insurance  ventures  —
cent  stake)  and  Canara  HSBC
OBC Life (23 per cent stake).
. ...... . . ...BG-BGE
 BENGALURU

8 COMMODITIES/AGRI-BUSINESS BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021

MCX COMPDEX D -30 pts (-0.26%) MCX BULLDEX D -41 pts (-0.29%) MCX METLDEX D -151 pts (-0.94%) NCDEX AGRIDEX D -33 pts (-1.96%)
PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE
11470.32 11481.23 11434.24 11439.99 14078.32 14080.28 14028.93 14037.72 16184.61 16176.24 15999.02 16033.13 1685.20 1693.10 1649.00 1652.20

Symbol
FUTURES TRACKER
Delivery Centre Price Previous Close (₹) % OI
TALIBAN TAKEOVER Govt extends import window
for tur, urad and soyameal
Why China may not be eyeing
Unit Close (₹) Change
MCX
ALUMINIUM Thane 1 Kg 229.1 227.4 -0.7 10340
OUR BUREAU
COPPER Thane 1 Kg 729.0 722.3 -0.9 9697500 Bengaluru, September 14
COTTON
CPO*
CRUDEOIL
GOLD
Rajkot
Cash Settled
Cash Settled
Ahmedabad
1 Bale
10 Kgs
1 BBL
10 grms
25620.0
1111.4
5181.0
46908.0
25560.0
1102.4
5218.0
46812.0
-0.2
-0.8
0.7
-0.2
43700
46030
512400
8837
Afghan lithium reserves The  government  has  given
more time for importers of soy­
ameal  and  pulses  such  as  tur
and urad to bring in their con­
GOLDGUINEA Ahmedabad 8 grms 37830.0 37785.0 -0.1 41.448 Experts say Beijing has invested in other signments into the country till
GOLDM Ahmedabad 10 grms 46946.0 46870.0 -0.2 1656.8 January 31, 2022.
‘reliable’ nations to take care of its needs A notification issued on Tues­
GOLDPETAL Ahmedabad 1 grm 4697.0 4690.0 -0.1 60.171
KAPAS* Cash Settled 20 Kgs 1409.0 1377.0 -2.3 192
day said the free import policy tainers  as  well  as  vessels  con­
SUBRAMANI RA MANCOMBU China is the top consumer of for  tur  (pigeon  pea)  and  urad necting  to  India  from  transit
LEAD Thane / Chennai 1 Kg 187.9 187.0 -0.5 7300
Chennai, September 14 lithium,  processing  nearly (black  matpe)  has  been  exten­ ports,  these  cargoes  are  taking
MENTHAOIL Chandausi 1 Kg 971.9 960.0 -1.2 420.84
China’s  support  to  the  new 90 per cent of the total lith­ ded  till  December  31,  2021.  Im­ far  more  than  the  normal  sail­
NATURALGAS Cash Settled 1 mmBtu 385.3 392.4 1.8 14192500 port  consignments  of  these ing time. The trade was worried
Taliban  regime  in  Afgh­ ium  hydroxide  available
RUBBER Palakkad 100 Kgs 1492.1 1483.0 -0.6 2257500 anistan  has  raised  suspi­ globally. pulses with Bill of Lading (BoL) that  the  extended  sailing  time
NICKEL Thane 1 Kg 17110.0 17218.0 0.6 58 cions  that  Beijing  is  eyeing James Jeary, Editor of Lith­ issued  on  or  before  December would  result  in  cargoes  reach­
SILVER Ahmedabad 1 Kg 63299.0 63002.0 -0.5 347340 Kabul’s  mineral  wealth,  es­ ium  Market  Services,  CRU 31, 2021, shall not be allowed by ing  India  post  November  30
SILVERM Ahmedabad 1 Kg 63562.0 63276.0 -0.4 117730 timated at $1­3 trillion.  Group, told BusinessLine via customs  beyond  January  31, which was the initial deadline.
SILVERMIC Ahmedabad 1 Kg 63553.0 63282.0 -0.4 104231 In particular, there are me­ email  that  Chinese  produ­ China is the top consumer of lithium, processing nearly 90% 2022, it said. With the arrival deadline being
ZINC Thane 1 Kg 253.1 249.5 -1.4 5960 dia reports that China could cers  have  invested  signific­ of the total lithium hydroxide available globally Earlier, the import policy for extended till BoL Date of Decem­
attempt  to  extract  Afgh­ ant volumes in lithium pro­ free  imports  was  to  expire  on ber 31 and arrival before January
NCDEX anistan’s lithium reserves to jects outside China this year. curity Centre of Excellence. extraction of Afghanistan’s October 31 with arrivals allowed 31, 2022 gives importers ample
CASTOR DEESA Quintal 6198.0 6184.0 -0.2 1450 the last pound. They pointed The Ganfeng Lithium group China has much better op­ lithium  resources  would till November 30. time  to  procure  and  ship  the
CHANA BIKANER Quintal 5020.0 5188.0 3.3 13050
to  how  the  Communist  na­ is  among  the  notable  in­ tions for foreign mineral ex­ increase lithium mine sup­ “The disruption in monsoon pulses to India,” Kothari said in
tion  —  the  largest  carmaker vestors.  traction and is already using ply  at  a  time  of  rapidly for about three weeks between a statement.
COCUDAKL AKOLA Quintal 2415.0 2385.0 -1.2 13370
in the world — will need the “Investment  in  lithium them  — for  example  Argen­ rising demand.  June  and  July  compounded  by In  a  separate  notification  is­
COTTON RAJKOT Bales 26400.0 26400.0 0.0 0
metal as the world moves to­ supply has risen rapidly this tina,  Chile,  Zambia  and “However, CRU does not the excessive rainfall is expected sued on Monday, the DGFT said
DHANIYA KOTA Quintal 7558.0 7602.0 0.6 1470
wards electric vehicles (EVs) year, as the market prepares Congo DRC, he said.  currently take any lithium to  hamper  the  production  of the  shipment  of  soyameal
GUARGUM5 JODHPUR Quintal 10470.0 10065.0 -3.9 1225 as part of decarbonisation.  for  accelerating  demand supply  from  Afghanistan tur,  urad  and  moong  this  year whose bill of lading date is on or
GUARSEED10 JODHPUR Quintal 6330.0 6237.0 -1.5 7360 According to a 2015 report growth from the mid­2020s Tough hurdles into  account  in  its  fore­ which  could  result  in  severe before October 31, 2021, shall not
JEERAUNJHA UNJHA Quintal 14255.0 14225.0 -0.2 2001 by  the  Henry  M  Jackson due to increased EV uptake,” The Henry M Jackson School cast,” he said. shortfall  in  domestic  produc­ be allowed by the Customs bey­
KAPAS RAJKOT 20 kgs 1425.0 1417.0 -0.6 2121 School of International Stud­ Jeary said.  report said that securing wa­ tion. The Government has taken ond January 31, 2022.
RMSEED JAIPUR Quintal 8687.0 8651.0 -0.4 3290 ies at the University of Wash­ ter, power supply and trans­ Expensive option a proactive  step  by  extending
STEEL GOBINDGARH Quintal 44440.0 45000.0 1.3 10 ington,  Afghanistan  has Other opportunities portation  in  land­locked Trakimavicius pointed out the import window which will Import contracts
SYBEANIDR INDORE Quintal 8799.0 8567.0 -2.6 8585 newly  discovered  mineral The CRU Lithium Market Ser­ Afghanistan  was  a  tough that  it  is  “extremely  ex­ ensure  adequate  imports  of Importers  have  contracted  1.25
SYOREF INDORE 10 kgs 1357.0 1347.0 -0.7 13460
wealth  that  could  boost  its vices  Editor  has  a  different challenge.  pensive” to develop mines these pulses to tide over the on­ lakh  tonnes  of  soyameal  from
economy  over  the  next  few take on the Afghan situation. Trakimavicius,  writing  in and  related  facilities.  Re­ going  festival season  till  the Bangladesh. Arrivals of around
TMCFGRNZM NIZAMABAD Quintal 7696.0 7240.0 -5.9 805
decades  by  $1­3  trillion and “Political  instability  in  a the  energypost.eu website, cent  expansion  for  an time the new crop hits the mar­ 1,500 tonnes per day have star­
Source: MCX and NCDEX; all contracts are current month/near month; closing prices are taken from
provisional bhav copy (as of 17.00 hours); *delivery option available employ  thousands  of  new country leads investors of all said media reports of China already  functioning  mine ket. This will also help stabilise ted  from  Bangladesh  from  Au­
workers.  However,  the  chal­ kinds  to  be  cautious,  which hoping  to  strike  deals  with in Congo, largely owned by the prices ,” said Bimal Kothari, gust 29. From Vietnam, 75,000
lenge  is  the  lack  of  skilled could  hinder  investment the  Taliban  to  secure  min­ China,  required  $2.5  bil­ Vice­Chairman,  The  Indian tonnes  have  been  contracted,
work in the country.  into  Afghanistan’s  lithium eral  rights  in  Afghanistan lion. Development costs of Pulses  and  Grains  Association while  from  Argentina  2  lakh
resources  —  particularly are likely an exaggeration. a greenfield  mine  are (IPGA).  tonnes  of  soyameal  have been
Chinese investments given that lithium resources He  said  it  will  take  a  dec­ much more.  contracted and are expected to
A 2010  US  study  had  shown are  globally  abundant,  and, ade or more to get a mine on “China is unlikely to pull Logistics hurdles arrive  mid­October.  Further
that Afghanistan could have as such, there are numerous stream,  with  costs  running the trigger until it is abso­ In view of the prevailing short­ contracts  of  5­7  tonnes  are
among  the  world’s  largest other  opportunities,”  he into billions of dollars.  lutely  confident  that  a age  of  containers  and  vessels, awaiting ports’ confirmation.
■ Exports of green coffee from Brazil, the world's largest deposits of lithium.  said. Lithium,  a  key  metal  in mining  project  is  really the IPGA requested the govern­ The extension of import win­
producer, fell 27% in August from a year earlier to 2.33 million Most of the recent reports “There is the obvious polit­ EVs,  is  in  the  limelight  as worth the cost,” Trakimavi­ ment recently to extend the ar­ dow may put some pressure on
60-kg bags as difficulties to find containers and space at point  to  this  study  as  proof ical risk of such a long­term prices  have  almost  doubled cius said.  rival  deadline  for  pulses  im­ soyabean  prices,  said  Rahul
vessels increased, exporters association Cecafe said. of  Chinese  interest  in  Afgh­ venture  in  a  conflict  zone since  the  start  of  the  year. He also pointed out that ports  from  Myanmar  and  East Chauhan of IGrain India. 
anistan’s political affairs but that’s  still  in  the  cross­hairs Currently,  it  is  quoted  at China  has  been  trying  to Africa  by  60  and  90  days, Bahadur Ali, Chairman, All In­
■ China's southwest Yunnan province asked local producers to experts  tracking  the  devel­ of  its  neighbours  and  every 92,500 Chinese yuan (₹10.56 develop a giant Mes Aynak respectively. dia  Poultry  Breeders  Associ­
restrict output on steel, aluminium and other materials. Part opments say Beijing’s role is superpower,”  said  Lukas lakh)  a  tonne,  according  to copper  mine  in  Afgh­ “Tur is harvested in East Africa ation, said the extension of im­
of the planned production in September would be being misinterpreted.  Trakimaviius of the Research the  Trading Economics web­ anistan since 2008 but the around  August  and  shipments port  window  will  help  the
postponed to the last two months of the year. The  misinterpretation and  Lessons  Learned  Divi­ site. CRU’s Jeary said that in­ project  is  yet  to start  in  September.  However, livestock  industry.  He  termed
stems  from  the  fact  that sion of the NATO Energy Se­ vestment  in,  and  successful commence. due  to  non­availability  of  con­ the decision as “very balanced”. 

Industry raises concern over plans to Rubber Board to organise Deep depression weakens,

hike GST on packed edible coconut oil Azadi Ka Amrit Mahotsav
‘Rise would make nessing  a  declining  trend  after
Onam mainly because of higher
the product dearer, arrivals  of  copra  and  raw  nuts
leading to a from  production  centres  of
Andhra  Pradesh,  Karnataka,
consumer shift’ Tamil Nadu, etc.
“I think even this five per cent
V SAJEEV KUMAR GST  on  coconut  oil  should  be
Kochi, September 14 withdrawn and it is brought un­
Coconut  oil  manufacturers  are der a zero tax regime like rice and
agitated over the reported move raw coconut considering it
to  hike  GST  on  packed  edible as  a  food  item”,  Mah­
coconut  oil  from  five  to  18  per mood  told
cent. BusinessLine.
“There is no logic in such a re­ An official source
commendation  as  Kerala  is  the familiar with the de­
only  state  using  coconut  oil  for velopment  pointed
edible purpose”, said Thalath Mo­ out that the Fitment
hammed, Director of Cochin Oil Committee  recom­
Merchants Association (COMA). mendation  indicated  18
per cent GST on coconut oil in
Higher arrivals unit containers of less than one
The  move,  if  implemented,  will litre  and  five  per  cent  on  units
see a consumer shift to cheaper sold in containers of one litre or
edible oils as the GST on coconut more.  In  such  a  scenario,  there
oil would come around ₹18 per would not be any impact on in­
kg, he added. Of late, the coconut creasing the GST, as small packets
oil market in Kerala has been wit­ of coconut oil with less than 200
ml  are  sold  for  cosmetic  pur­
poses only.
However,  the  source  said  the
industry has strictly enforced the
Government directive to sell ed­
ible  coconut  oil  only  in  packed
form  and  not  in  loose  to  curb
adulteration.  throughout  the  rubber  belts
Growers may be hit
Considering this, it was not
justified to increase GST
as  hiking  of  tax
would  make  the
product  dearer,
leading  to  a  con­
sumer  shift  .  This
would also hit grow­
ers  —  mainly  small
and  marginal  —  hardly
with the possibility of a price
crash for raw coconuts.
The source also expressed the
confidence that the coconut pro­
ducing States such as Kerala and
Tamil  Nadu  would  oppose  the
move  and  go  for  an  amicable
settlement.
OUR BUREAU
Kochi, September 14
As part of ‘Azadi Ka Amrit Ma­
hotsav’  organised  to  com­
memorate  the  75th  an­
niversary  of  India’s
Independence,  the  Rubber
Board  is  organising  Jan­Utsav
across the country.
The  Board  will  mobilise  7.5
lakh  rubber  farmers  for  tap­
ping trees at a given time dur­
ing the week of celebration by
the  Commerce  Ministry  dur­
ing September 20­26.  It was also proposed to plant
The programme is intended
to  create  awareness  among
rubber growers and labourers
about  the  spirit  of  unity,
pledge  to  create  a  self­reliant
India  and  also  to  reflect  their
commitment to  the  nation,  a
press  release  issued  by  the
Board said.  coordinate  the  two  day  ‘Van­
The  programme  will  be  ex­
ecuted  with  the  support  of
growers,  Rubber  Producers’
Societies  (RPSs)  and  other
stakeholders.  The  Board  will
make arrangements to convey
the message regarding the im­
portance of the occasion to the
participants.
rubber  on  750  hectares  in
North­Eastern States, as part of
the CLRDP project being oper­
ated with the support of Auto­
mobile Tyre Manufacturers As­
sociation  (ATMA)  and
NABARD.  The  depression  will  continue
The  Rubber  Board  will  also
ijya Utsav’ in Tripura, proposed
to be conducted on September
21 and 22, showcasing India as
a rising economic force.  Contrary to forecasts, the other
but heavy rains to continue
Australian Met puts
up a ‘La Nina watch’
VINSON KURIAN
Thiruvananthapuram, September 14
The  rain­driving  deep  depres­
sion over North Interior Odisha
has weakened into a depression
that  lay  centred  over  north  Ch­
hattisgarh and adjoining north
interior  Odisha  about  80  km
West­north­west  of  Jharsiguda
and  about  120  km  south­south­
east of Ambikapur this (Tuesday)
morning.  This came about on a day when
The  exceptionally  heavy  rain
amounts  reported  overnight
from  Odisha,  Saurashtra  and
Kutch and flooding for a second
day tell a story.
to  move  across  north  Chhattis­
garh  and  Madhya  Pradesh  and
weaken into a well­marked low­
pressure  area  during  the  next
two days even as it pours down.
‘low’  over  east  Gujarat  has  not Bureau  has  lifted  its  ENSO  Out­
weakened, and could sustain the look  status  to  ‘La  Nina  watch,’
flooding rain.  meaning  around  a  50  per  cent
Meanwhile, the India Meteor­ chance of La Nina forming. This
ological  Department  (IMD)  has is approximately double the nor­
predicted that a cyclonic circula­ mal likelihood.
tion may develop over the North
Bay  of  Bengal  by  Friday  and Cold, harsh winter likely
move  towards  the  Odisha­West La  Nina  has  come  to  be  associ­
Bengal  coast  during  the  sub­ ated  with  very  cold  and  harsh
sequent  two  days,  bringing  a winters for India and above nor­
fresh spell of rain over the east­ mal monsoon rain, though late
ern parts of the country.  in the season this year. La Nina
conditions  had  prevailed  from
La Nina watch August­September 2020 to April
2021,  which  saw  an  above  nor­
the Australian Bureau of Meteor­ mal monsoon and an early and
ology has switched back its ENSO harsh winter. 
(El  Nino­Southern  Oscillation) While  La  Nina  enhances  the
status to ‘La Nina Watch.’ Though South­West  monsoon,  it  has  a
tropical Pacific is currently neut­ negative impact on rainfall asso­
ral (neither El Nino or La Nina), ciated with the North­East mon­
model predictions indicate a re­ soon because low­pressure areas
turn of La Nina, the Bureau said.  or cyclones tend to form signific­
Strengthening  model  out­ antly to the North in the Bay dur­
looks and recent cooling in the ing  this  phase  and,  contrary  to
tropical Pacific has raised these their usually inward track, they
odds, it added. Consequently, the re­curve and move away.

Crude oil hits 6­week high as  AgNext Tech launches Qualix platform for Buy MCX zinc with

US braces for another hurricane  rapid testing of curcumin content in turmeric stop­loss at ₹246
REUTERS Safety  and  Environmental
London, September 14 Enforcement. OUR BUREAU ment in the prices they get for “rave reviews” from the Spices days,”  the  AgNext  founder COMMODITY CALL
Crude oil prices hit a six­week Chennai, September 14 their  produce,  it  will  make  a Board, traders and farmers for said. 
high  on  Tuesday  as  another IEA projections Punjab­based AgNext Techno­ massive impact, Bhamra said, the quick turnaround period “During peak season, it can AKHIL NALLAMUTHU
hurricane threatened to bring After three months of decline logies,  an  agri­tech  start­up, adding that currently, farmers in  testing.  “So  far  250­270 benefit at least 3,000 farmers BL Research Bureau

heavy  rain  to  Texas  and  parts
of Louisiana that were still re­
covering from Ida, and as the
International  Energy  Agency
forecast  a  big  demand  re­
bound for the rest of the year.
Brent crude was up 50 cents,
or 0.7 per cent, at $74.01 a bar­
rel by 0842 GMT. US West Texas
Intermediate (WTI) crude also
climbed  43  cents,  or  0.6  per
cent, to $70.88 a barrel.
Both  contracts  have  risen
for three consecutive sessions
and  were  trading  at  their
highest since early August.
About  794,000  barrels  per
day (bpd), or more than 40 per
cent  of  the  US  Gulf's  oil  and
gas  output  remained  offline
on  Monday,  two  weeks  after
Ida  slammed  into  the  Louisi­
ana  coast,  according  to  off­
shore  regulator  Bureau  of
in global oil demand, Covid­19
vaccine roll­outs are set to re­
kindle appetite for oil that was
suppressed  by  pandemic  re­
strictions  especially  in  Asia,
the  International  Energy
Agency (IEA) said on Tuesday.
The  IEA  sees  a  1.6  million
bpd demand rebound in Octo­
ber,  and  continuing  to  grow
until the end of the year. Over­
all, the agency lowered its 2021
global  oil  demand  growth
forecast by 105,000 bpd to 5.2
million  bpd,  but  raised  its
2022  figure  by  85,000  bpd  to
3.2 million bpd.
These  forecasts  are  well  be­
low those of the Organization
of  the  Petroleum  Exporting
Countries which sees demand
growing by about 5.96 million
bpd this year and 4.15 million
bpd next year.
has installed an unique qual­
ity  assessment  system
“Qualix”,  which  will  rapidly
test the curcumin content in
turmeric,  at  the  Agricultural
Market  Committee  (AMC)  in
Nizamabad, Telangana.  based  ITC  Ltd  have
“Qualix  will  calculate  the
percentage  of  curcumin  in
turmeric  within  60  seconds
compared to the lengthy test­
ing  procedures  by  laborator­
ies that take 2­3 days. Thus, our
platform will be part of the lar­
ger  game  on  incentivising
farmers  quickly  for  the  qual­
ity  of  their  produce,”  said
Taranjeet  Singh  Bhamra,
Founder  and  CEO  of  AgNext
Technologies.
Farmers  are  keen  to  know
how much additional money
they  can  earn  and  even  if
there is a 10­20 per cent incre­
do not get the payment based
on the quality of the produce
they bring to the market.
Platform partners
The Spices Board and Kolkata­
partnered  with  Ag­
Next  Technolo­
gies  in  putting
up  the  Qualix
platform.  reflection
“Our  system
not  only  helps
to ascertain the
quality  of  tur­
meric,  but  also
saves  time  and  re­
sources,  thus  benefiting  all
stakeholders  —  growers,
traders,  exports,  among  oth­
ers — in the food value chain,”
the AgNext founder said.  ₹400­500  they  had  to  spend
The  platform  has  received
traders and about 2,000 farm­
ers have made use of this. All
of  them  are  happy  with  the
results,” Bhamra said.
The  Qualix  platform  is
based  on  artificial  intelli­
gence  and  digital
technology. It uses
the  spectra
technology
using  light
that  is
quickly
scanned  to
get  details  on
the  content  in
the turmeric that
is brought or offered for sale.  large  scale.  With  the  Spices
“Farmers are charged on a
per test basis and it costs them
₹142 per scan compared with
earlier  for  the  test  that  took
a month  at  Nizamabad  AMC The  continuous  contract  of
alone,”  the  AgNext  founder zinc on the Multi Commodity
said.  Exchange (MCX) saw its volat­
ility rise during the early part
Expanding reach of  this  year.  While  the  price
The success at Nizamabad has dropped  in  January  from
spurred the Punjab start­up to ₹215,  the  contract  took  sup­
expand  the  platform  to  15 port  at  the  psychological
more AMCs in the district. “We level of ₹200. On the back of a  consolidation  phase.  That
have  demand  from  turmeric this,  the  contract  rebounded is, between May and the final
growing centres such as Nan­ and  headed  northwards. week  of  July,  the  contract  os­
ded (Maharashtra), Nagaland However,  after  reaching cillated  between  ₹228  and
and  Mizoram  to  deploy  our ₹240,  the  futures  made  a  U­ ₹243.  It  was  largely  held
solutions,” Bhamra said.  turn  and  then  started  to  de­ within  ₹239  and  ₹250.  But
AgNext  Technologies  will cline. However, this time, the last week, it broke out of this
next  take  the  platform  to contract  found  support  at range, a bullish signal.
Tamil Nadu and Maharashtra, ₹212  i.e.,  it  formed  a  higher Even  though  the  price  has
where turmeric is grown on a base. seen  a  marginal  drop  in  the
Following this, there was a last  two  sessions,  one  can  be
Board  convinced  about recovery  wherein  the  con­ bullish  as  long  as  the  price
Qualix, AgNext will now come tract  appreciated.  Yet,  to­ lies  above  ₹250.  Traders  can
up with similar solutions for wards the end of April, it star­ buy  zinc  futures  with  stop­
chilli,  pepper,  coriander  and ted to lose momentum and in loss at ₹246 with ₹260 as po­
ginger by next year.  early May, the futures entered tential target.

CM . ...... . .....BG-BGE
YK
BENGALURU
BusinessLine
WEDNESDAY • SEPTEMBER 15 • 2021
APPELLATE TRIBUNAL FOR TRYING PMLA CASES
Delhi HC sees red over status report
Says Centre’s affidavit on filling up
vacancies shows lack of seriousness
on the part of the government
POORNIMA JOSHI
New Delhi, September 14
The  issue  of  dysfunctional
tribunals  flared  up  once
again  on  Monday  with  the
Delhi High Court rapping the
Centre  on  not  filling  the  va­
cancies  in  the  Appellate
Tribunal  for  trying  Preven­
tion  of  Money  Laundering
Act cases.
Justice  Rekha  Palli  had,  in
the last hearing on a petition
seeking  a  direction  to  ap­
point  a  chairperson  to  the
Appellate  Tribunal,  PMLA,  to
get  an  expeditious  decision,
had asked for a status report
from the Centre on filling the
vacancies.  The  Court  had
earlier also been approached
by  several  petitioners  ag­
grieved  by  delays  as  the
Tribunal  was  not  functional.
But  while  responding  to  the
TN plans joint venture with Nanguneri SEZ UCO Bank sees ‘improved investor appetite’
developer to convert 1,000 acre to DTA
TE RAJA SIMHAN
Chennai, September 14
Nanguneri  SEZ  in  Tirunelveli
district  in  Tamil  Nadu  is  back
in  the  news.  The  State  Tamil
Nadu  government,  through
State  Industries  Promotion
Corporation of Tamil Nadu, is
planning  to  acquire  about
1,000  acres  of  land  from  the
SEZ  private  developer  ­  AMRL
Hitech City Ltd, convert to Do­
mestic Tariff Area (DTA) and de­
velop  it  as  a  joint  venture
between AMRL and Sipcot.
Out of the 2,500 acres, AMRL
has  been  able  to  sell  only  130
acres  in  all  these  years  since
2011 when it commenced oper­
ation. The company is willing
to  provide  the  1,000  acres  of
land, said a senior government
official.
Converting  Nanguneri  SEZ
into a multi­product joint ven­
India remains an attractive
investment destination: Survey
OUR BUREAU
New Delhi, September 14
India  remains  an  attractive
destination  for  invest­
ments,  scoring  high for  its
skilled  workforce  and  pro­
spects  for  economic
growth.
This  came  out  in  De­
loitte’s  latest  global  survey
— ‘India’s  FDI  Opportunity’
— that  saw  participation
from  1,200  business  leaders
of  multinational  corpora­
tions  in  the  US,  UK,  Japan
and Singapore.
“After  the  hardships  of
the previous 18 months, the
Deloitte  survey  provides  a
welcome  validation  of  the
underlying  strengths  of  the
Indian  economy,  particu­
larly  its  appeal  for  foreign
investors,”  said  Punit  Ren­
jen, CEO, Deloitte Global.
First time investments
The  survey  found  that  44
per  cent  of  the  1,200  busi­
ness leaders polled are plan­
ning additional or first­time
‘With 76% drop in new thermal projects, coal European Union, US pursuing global deal to slash
becoming fuel of the past closer to reality’ planet-warming methane, documents reveal
OUR BUREAU
Hyderabad, September 14
A recent  report  on  new  coal
projects finds a 76 per cent re­
duction  in  proposed  coal
power  globally  since  the  Paris
Agreement was signed in 2015,
signalling the imminent end of
new coal construction.
This  leaves  44  countries
without  a  pre­construction
pipeline, and able to commit to
‘no new coal’, joining 40 other
countries that have made this
commitment since 2015.
They are in a position to re­
spond to UN Secretary General
António  Guterres’  call  for  ‘no
new coal by 2021’.
The  report  by  an  independ­
ent think tank finds that action
by  just  six  countries  could  re­
move 82 per cent of the remain­
ing  global  pipeline.  China
alone accounts for 55 per cent
of the global total, followed by
India, Vietnam, Indonesia, Tur­
key, and Bangladesh.
CM
YK
Court’s  order,  the  Centre
merely  said  that  the
Tribunals  Reforms  Act  has
just  been  passed  and  the
rules are in the process of be­
ing framed. The Court took a
dim  view  of  the  Centre’s
submission.
‘Not a status report’
“What is this? Is this the kind
of status report to be filed? It
reads  nothing!  Who  is  the
person  who  has  filed  this?  It
only  talks  about  the  rules.  It
does not say what you are do­
ing.  When  are  you  appoint­
ing?  Whom  are  you
appointing?  This  is  what  is
meant  to  be  a  status  report.
Not  This!”  said  Justice  Rekha
Palli.
Non­appointment  of
presiding  officers  to  various
tribunals  has  led  to  huge
Nanguneri Multiproduct Special
Economic Zone
ture between AMRL and Sipcot
augurs well with the State gov­
ernment’s plan to draw invest­
ments  to industrially
backward areas. “We are hope­
ful  of  developing  the  1,000
acres in DTA format in the next
18 months,” the official said.
‘Demand happening’
Industrial parks at nearby Gan­
gaikondan  (Brittania  has  a
unit  here)  in  Tirunelveli  dis­
trict and Bargur (Ola’s electric
investments in India; nearly
two­thirds  of  first­time  in­
vestments  will  be  made  in
the next two years; business
perceptions of India are bet­
ter in the US and UK than in
Singapore  and  Japan;  and
recent  Indian  government
reforms  to  improve  ease  of
doing  business  are  popular,
but  awareness  of  policy  im­
provements remains low.
According  to  Deloitte  Re­
search, India will require $8
trillion  in  gross  capital  cre­
ation  (new  greenfield  as­
sets) by FY27 to become a $5
trillion  economy.  Based  on
historical  trends,  it  will  re­
quire at least $400 billion in
FDI over the next six years.
Merchandise  exports  can
go  up  by  $1  trillion  in  the
next five years by attracting
more  FDI  into  capital­in­
tensive  focus  sectors
through  schemes  like
product linked incentives.  will not only decarbonise the
These  industries  have  the
required  potential,  oppor­
tunity, and capabilities.
Governments  can  respond
to these positive trends by com­
mitting to ‘no new coal’ ahead
of  UN  climate  talks  COP26  in
Glasgow this November.
If  China  follows  East  Asian
neighbours  Japan  and  South
Korea  in  ending  overseas  coal
finance,  it  would  facilitate  the
cancellation of over 40 GW of
projects across 20 countries.
Coal is the single largest con­
tributor to climate change. Ac­
cording  to  a  recent  UN  report
(IPCC  SR1.5),  the  use  of  coal
needs to fall 79 per cent by 2030
on  2019  levels  to  meet  the
pledges countries signed up to
pany  Ltd  on  non­appoint­
ment  of  the  Chairman  of
Appellate Tribunal for PMLA.
‘Appointment process’
The  Centre  attributed  the
delays in appointment to the
change  in  the  appointments
process  that  has  been  under
way  since  2017.  The  back­
ground  to  this  is  that  the
Apex Court, in the Madras Bar
Association  case,  had  held
that certain provisions of the
The Court had earlier also been Finance  Act,  2017,  as
approached by several petitioners amended by the Tribunal Re­
aggrieved by delays as the forms  (Rationalisation  and
Tribunal was not functional Conditions of Service) Ordin­
ance,  2021  were  unconstitu­
pendency  and  backlog  of tional  as  they  violated  the
cases,  leading  to  different doctrine  of  separation  of
courts  pulling  up  the  Centre power  and  independence  of
for the delay in filling the va­ the judiciary.
cancies.  Recently,  the  Delhi In  the  present  case  before
High  Court,  pulled  up  the the High Court, the Centre ar­
Centre  on  the  vacancies  in gued  that  now  that  the
the Debt Recovery Tribunals.  Tribunals  Reforms  Act  has
The present petition before been  passed,  the  appoint­
Justice Palli is in the matter of ments  will  be  made  via  the
Fullerton  India  Credit  Com­ new  rules  for  the  statute  al­
vehicle factory is located here), State  government,  which  has
Thoothukudi are full. Sipcot is identified 22 districts that are
looking  for  land  in  the  back­ industrially backward, and in­
ward  areas  and  developing centives  are  given  for  in­
joint ventures. The Nanguneri vestors. The government plans
project could be a good experi­ to acquire nearly 45,000 acres
ment, he added. (mostly  private  land)  in  the
backward areas.
‘Location benefit’ While Chennai is a big draw
The Nanguneri SEZ was the pet for  companies  to  set  up  their
project  of  the  former  union units,  at  the  same  time  the
commerce  and  industry  min­ State  government  wants  to
ister, late Murasoli Maran. The push  industrial  development
foundation  stone  for  the  pro­ in other districts by offering in­
ject  was  laid  with  much  fan­ centives. For instance, in back­
fare during the DMK regime in ward districts, land is available
2001 and became functional in at 50 per cent discount, which
March 2011. It is 82 km from the is a great incentive. Also, most
VOC Port and 50 km from the of the manpower comes from
airport  in  Thoothukudi.  Des­ southern districts and work in
pite  this,  it  could  not  attract places  like  Chennai.  Opera­
companies to invest due to the tional  cost  is  much  lower  in
SEZ­related issues. districts as compared to Chen­
Backward area development nai or Coimbatore, the official
is  a  major  focus  area  for  the said.
Hanging by a thread
The engine of a goods train is perched precariously on a bridge between Angul-Talcher single line railway section in Odisha
after the train derailed and six of its wagons plunged into the river due to heavy rain in the early hours of Tuesday. The loco
pilot and staff, however, are reported to be safe PTI
in the Paris Agreement. to ‘no new coal’.” Report author
The report has been released Leo Roberts, Research Manager
ahead  of  the  UN  General  As­ at  E3G,  said:  “The  structural
sembly and the High­Level Dia­ transformation  of  the  global
logue  on  Energy,  where  coun­ electricity  sector  is  accelerat­
tries  will  advance  their ing,  with  countries  increas­
individual and collective com­ ingly  steering  away  from  coal
mitments to action. power  generation  as  they  re­
cognise that coal is a fuel of the
‘Losing competitiveness’ past.
Report  author  Chris  Littlecott, Report  co­author  Christine
Associate Director at E3G, an in­ Shearer,  programme  director
dependent  climate  change at Global Energy Monitor, said:
think  tank,  said:  “The  collapse “New coal plants are incompat­
of the global coal pipeline and ible  with  the  international
the rise of commitments to ‘no Paris  climate  agreement.  The
new  coal’  are  progressing world’s  leading  scientific  bod­
hand­in­hand. Ahead of COP26, ies are clear: Coal power needs
governments  can  collectively to be essentially phased out in
confirm  their  intention  to the  next  two  decades  to  pre­
move from coal to clean energy. vent  dangerous  climate
“The economics of coal have change.”
become  increasingly  uncom­ Dave  Jones,  global  pro­
petitive  in  comparison  to  re­ gramme  lead  at  Ember,  said:
newable energy, while the risk “We urge governments to pub­
of  stranded  assets  has  in­ licly state their intentions that
creased. Governments can now no new coal plants will be built
act with confidence to commit in their country.”
though  that  has  also  been
challenged  in  the  Supreme
Court.
“Parliament  has  recently
enacted  the  Tribunals  Re­
forms  Act,  2021  which  inter­
alia  provides  for  the  condi­
tions  of  service  of
chairperson and members of
the  tribunals.  Accordingly,
the  new  tribunal  rules  in
terms  of  the  Section  3  of  the
Tribunals  Reforms  Act,  2021
are  in  advance  stage  of  for­
mulation  and  the  process  of
filling  up  the  posts  of  chair­
man  and  members  will  be
initiated  once  the  new  rules
are notified,” said the Centre
in its affidavit.
‘Another status report’
While  the  Court  gave  two
more weeks for the Centre to
file  another  status  report,
Justice  Palli  observed  that
“no seriousness” has been ex­
hibited  in  making  the  PMLA
Appellate  Tribunal
functional.
SHOBHA ROY
Kolkata, September 14
UCO  Bank,  which  recently
came  out  of  the  purview  of
the  Reserve  Bank’s  Prompt
Corrective  Action,  is  expect­
ing  an  “improved  investor
appetite”,  which  is  likely  to
help  its  proposed  capital
raising plan.  The  bank  has  been  wit­
The  bank  had  recently  re­
ceived  the  board  approval
to  raise  close  to  ₹3,000
crore  capital  in  2021­22.  The
fundraise  can  take  place
through  various  modes,
such  as  follow­on  public  of­
fer,  qualified  institutional
placement and  preferential
issue,  subject  to  necessary
approvals,  it  had  said  in  a
regulatory  notification  to
stock exchanges.
According  to  Atul  Kumar
Goel,  MD  and  CEO,  UCO
Bank, it would go for capital
raising  plans  at  an  “oppor­
tune  time”.  “Earlier  when
REUTERS
Brussels/Washington, Septtember 14
The  US  and  the  European
Union  have  agreed  to  aim  to
cut  emissions  of  the  planet­
warming  gas  methane  by
around  a  third  by  the  end  of
this  decade  and  are  pushing
other major economies to join
them,according to documents
seen by Reuters.
Their  pact  comes  as  Wash­
ington  and  Brussels  seek  to
galvanise  other  major  eco­
nomies ahead of a world sum­
mit to address climate change
in  Glasgow,  Scotland,  in
November,  and  could  have  a
significant  impact  on  the  en­
ergy, agriculture and waste in­
dustries  responsible  for  the
bulk of methane emissions.
Methane, the biggest cause
of climate change after carbon
dioxide  (CO2),  is  facing  more
scrutiny as governments seek
solutions  to  limit  global
warming to 1.5 degrees, a goal
Madras High Court quashes Centre’s
notification on speed limits on highways
OUR BUREAU
Chennai, September 14
The  Madras  High  Court  has
quashed a 2018 Central govern­
ment  notification  by  which
speed limit of vehicles on high­
ways  and  expressways  was
hiked.
The  speed  limit  was  at  120
km/hr on expressways; 100 km/
hr  on  national  highways;  and
for  M1  category  of  vehicles  at
60 km/hr.
Justices  N  Kirubakaran
(since  retired)  and  TV
Thamilselvi  in  an  order  dated
August  18  said  that  in  spite  of
knowing that over speeding is
the  main  killer  and  respons­
ible for most of the accidents,
the  Government,  for  various
reasons,  particularly for  com­
mercial reasons, has increased
the  speed  limit  resulting  in
more deaths.
The order was on an appeal
arising  under  the  Motor
Vehicles Act, seeking enhance­
ment  of  the  compensation
awarded  to  an  appellant  K
Shyla.
Atul Kumar Goel, MD & CEO,
UCO Bank
we  were  in  PCA  there  was
less  appetite  from  investors
but now it is better. We have
the  board  approval  to  raise
around  ₹3,000  crore  and
we  will  go  for  it  when  the
market  is  right.  We  may
look  at  QIP  or  preferential
issue  for  raising  funds,”
Goel told BusinessLine.
As  on  June  30,  2021,  the
bank’s  capital  adequacy  ra­
of  the  Paris  climate
agreement.
In an attempt to jump start
the action, the US and the EU
later  this  week  will  make  a
joint pledge to reduce human­
caused methane emissions by
at  least  30  per  cent by  2030,
compared with 2020 levels, ac­
cording to a draft of the Global
Methane  Pledge  seen  by
Reuters.
“The short atmospheric life­
time  of  methane  means  that
taking action now can rapidly
reduce  the  rate  of  global
warming,” the draft said.
‘Potential participants’
A separate  document  listed
over two dozen countries that
the US and the EU will target to
join  the  pledge.  They  include
major emitters such as China,
Russia, India, Brazil and Saudi
Arabia,  as  well  as  others  in­
cluding Norway, Qatar, Britain,
New Zealand and South Africa.
NEWS
A report  published  by  the
Ministry of Road Transport and
Highways  in  2020  states  that
six two­wheeler  riders  die
every hour. Many two­wheeler
riders are inviting accidents by
over speeding.  the  main  cause  for  road  acci­
Speed governors
It  is  the  bounden  duty  of  the
concerned Government to dir­
ect  the  manufacturers  of  two
wheelers  to  install  speed  gov­
ernors  in  the  two­wheelers  in
the manufacturing stage itself,
so  that  speeding  of  vehicle  it­
self  would  be  prevented  and
accidents averted.
One more important reason
for  the  increase  in  accidents
due to over speeding is by im­
ported  vehicles  that  are  not
manufactured  for  Indian  con­
tio  stood  at  14.24  per  cent
and  CET­I  ratio  at  11.32  per
cent.
PCA  is  triggered  when
banks  breach  certain  regu­
latory requirements such as
minimum  capital,  return
on  asset  and  quantum  of
non­performing asset.  credit  for  housing  loan  and
nessing  an  improvement  in
profitability  as  well  as  asset
quality.  structure  sectors.  We  are
Its  net  NPA  reduced  to
3.85 per cent (4.95 per cent)
as on June 30.  he said.
Credit growth
The  bank  is  expecting  8­10
per cent growth in advances
during  the  current  fiscal
primarily  on  the  back  of  a
good  demand  from  retail,
MSME  and  agriculture  sec­
tors.  During  Q1FY22,  the
bank  witnessed  five  per
cent  growth  in  advances  at
₹1,20,849  crore  as  against
In a first, Tata Steel starts
carbon capture plant
OUR BUREAU
Mumbai, September 14
Tata  Steel  has  commissioned
a 5 tonne­per­day carbon cap­
ture  plant  at  Jamshedpur
Works,  making  it  the  coun­
try’s  first  steel  company  to
adopt the technology that ex­
tracts  carbon  dioxide  (CO2)
directly  from  blast  furnace
gas.
The  company  will  reuse
the  captured  CO2 on  site  to
promote circular carbon eco­
nomy.  The  Carbon  Capture
and  Utilisation  facility  uses
amine­based technology and
makes  the  captured  carbon
available for onsite reuse. The
depleted CO2 gas is sent back
to  the  gas  network  with  in­
creased  calorific  value.  This
project  has  been  executed
with  the  technological  sup­
port  from  Carbon  Clean,  a
global leader in low­cost CO2
capture technology.
Economical solution
TV Narendran, Managing Dir­
ector,  Tata  Steel  said  it  is  es­
The US State Department de­
clined  to  comment  and  the
European  Commission  did
not immediately respond to a
request  for  comment  on  the
documents.
The agreement would likely
be  unveiled  on  Friday  at  a
meeting  of  major  emitting
economies  intended  to  rally
support  ahead  of  the  COP26
Glasgow Summit.
World  leaders  are  under
pressure from scientists,envir­
onmental  advocates  and
growing popular sentiment to
commit to more ambitious ac­
tion to curb climate change in
Glasgow.
9
ditions. The imported vehicles
come with high­speed engines
and  therefore,  they  should  be
calibrated  in  such  a  manner
that the vehicle would not pick
up speed beyond the limit per­
mitted  in  India.  The  Govern­
ment  should  also  instruct  the
same  at  the  manufacturing
stage itself to control the speed
limit, the Order said
Though the issue involved in
this  case  is  motor  accident
claim,  since  over  speeding  is
dents  and  innumerable  pre­
cious  lives  are  lost,  this  Court
suo motu invoked  Article  226,
to  issue  directions  to  control
over speeding in the interest of
the public.
Having  known  that  over
speeding is the main cause for
road  accidents,  taking  away
the  precious  lives  of  people
and causing damage to proper­
ties, the decision taken by the
Ministry of Road Transport and
Highways,  as  reflected  in  the
notification dated April 6, 2018,
is liable to be quashed, it said.
₹1,15,236  crore  same  period
last year.
It  has  achieved  75  per
cent  of  a  targetted  ₹2,500
crore  loans  by  end
September.
“We have seen a better re­
sponse  and  demand  for
gold  loan  as  compared  to
last  year.  There  is  also  a  de­
mand  from  NBFC  and  infra­
expecting  8­10  per  cent
growth  in  credit  this  year,”
Loan restructure
UCO Bank, Goel said, has re­
structured loans to the tune
of  ₹2,500  crore  upto  June
this year under RBI’s resolu­
tion framework 2.0. 
Under  the  framework,
banks  and  non­banking  fin­
ancial  companies  (NBFCs)
can  restructure  loans  of  up
to ₹50 crore.
sential  to  develop  an  eco­
nomical  solution  for
capturing  and  using  CO2  at
scale for sustainability of the
steel  industry  globally  and
particularly  in  a  growing
country like India.
“The  operational  experi­
ence gathered from the 5 tpd
plant  will  give  the  required
data and confidence to estab­
lish  larger  carbon  capture
plants  in  future.  As  the  next
step, the company aims to es­
tablish  scaled­up  facilities  of
CO2 capture  integrated  with
utilisation  avenues,”  he
added.
Tata Steel has undertaken a
two­pronged  approach  of
Carbon Direct Avoidance and
CO2 capture and Uuse in pur­
suit  of  the  decarbonisation
goal.
Aniruddha  Sharma,  CEO,
Carbon  Clean  said  capturing
CO2 from  blast  furnace  gas
steel plants but also open av­
enues  for  hydrogen
economy.
Methane has a higher heat­
trapping  potential  than  CO2
but  it  breaks  down  in  the  at­
mosphere  faster,  so  “strong,
rapid  and  sustained  reduc­
tions”  in  methane  emissions
in  addition  to  slashing  CO2
emissions  can  have  a  climate
impact quickly, a fact emphas­
ised  by  a  report  by  the  Inter­
governmental  Panel  on  Cli­
mate Change last month.
. ...... . . ...BG-BGE

10 NEWS
‘Big drop in Covid­19 antibodies
within 4 months of vaccination’
REUTERS
Bhubaneswar, September 14
A study  of  614  fully­vaccin­
ated health workers in India
found  a  significant  drop  in
their  Covid­fighting  anti­
bodies  within  four  months
of the first shot.
Booster doses
The  findings  could  help  the
Indian  government  decide
whether  to  provide  booster
doses as some Western coun­
tries have done.
Waning antibodies do not
necessarily  mean  that  im­
munised  people  lose  their
ability  to  counter  the  dis­
ease,  as  the  body’s  memory
cells may still kick in to offer
substantial  protection,  said
the director of a state­run in­
stitute that did the study.
“After  six  months,  we
should  be  able  to  tell  you
CM
YK
Tata Sons shareholders approve
proposal to raise ₹40,000 crore  PRESS TRUST OF INDIA
To reappoint three
directors, may not
hire chief executive
FORUM GANDHI
Mumbai, September 14
The  shareholders  of  Tata
Sons have approved the pro­
posal to raise up to ₹40,000
crore  at  the  Annual  General
Meeting on Tuesday.  Tata Sons had also sought ap­
The  reappointment  of
Saurabh  Agarwal  and  Ralph
Seth as directors, and Harish
Manwani as an independent
director  on  the  company’s
board,  has  also  been  given
the green signal.
A source  told  BusinessLine
that  all  resolutions  were
passed  by  the  shareholders
at the virtual AGM, including
the  annual  standalone  and
consolidated results.
For  the  fiscal,  Tata  Sons
more  clearly  whether  and
when  a  booster  would  be
needed,”  said  Sanghamitra
Pati of the Regional Medical
Research  Centre  based  in
Bhubaneswar.
“And  we  would  urge  sim­
ilar studies in different areas
for pan­India data.”
British  researchers  said
last  month  that  protection
offered  by  two  doses  of  the
Pfizer/BioNTech  and  the  As­
traZeneca vaccines begins to
fade within six months.  security officer with DPH. A staff
The  Indian  study,  pub­
lished  in  the  Research
Square  pre­print  platform
but yet to be peer reviewed,
is one of the first such done
in  the  country  involving  its
main  two  vaccines  –  Cov­
ishield,  licensed  version  of
the  AstraZeneca  shot  –  and
the  domestically­developed
Covaxin.
generated  a  consolidated
net  profit  of  ₹19,397  crore,
up  from  ₹10,916  crore  in
FY20.  However,  its  revenue
from operations plunged by
over 60 per cent to ₹9,460.24
crore  during  the  year,  com­
pared  to  ₹24,770.46  crore
last year.  considering  a  historic  re­
Approval for dividend
proval  to  give  dividends  to
its  shareholders.  Based  on
the company’s performance,
the  Directors  have  recom­
mended  a  final  dividend  of
₹10,000  (previous  year,
₹10,000)  per  ordinary
shares  at  the  rate  of  1,000
per  cent  (previous  year,
1,000 per cent). 
The  final  dividend,  if  ap­
proved by shareholders, will
involve  a  cash  outflow  of
₹404.15 crore (previous year,
Lack of awareness stalls TN’s 24/7 vaccination centres
Get lukewarm response at night time
due to poor public participation
TE RAJA SIMHAN
Chennai, September 14
It is 11 pm and the sprawling DMS
Complex  wears  a  deserted  look.
Only  the  Department  of  Public
Health (DPH) is lit brightly as the
24/7  vaccination  service  counter
is  still  open.  But  not  a  soul  is
around.  convenience  of  people,”  said
No  one  comes  to  the  centre
after 10 pm for vaccination, said a
member first suggested to come
in at 6 am. He had a valid reason –
if  one  dose  is  given,  the  other
nine in the vial would go waste if
no one turns up thereafter. How­
ever, he added that it could still
be given at the said time if one in­
sisted.  the public, said an official.
Only  then would  the  unused
vials or those with unused doses
be returned to the pharmacy and
₹404.15  crore)  on  4,04,146
ordinary  shares.  The  com­
pany’s directors had also re­
commended  dividends  on
the Cumulative Redeemable
Preference  Shares  amount­
ing to ₹20.83 crore (previous
year, ₹21.24 crore) . 
This,  too,  has  been  ap­
proved by the shareholders.
Sources  said  that  during
the  AGM,  the  Shapoorji  Pal­
lonji  Group  representative
appreciated the efforts taken
be discarded. The 24/7 Covid vac­
cination  service  centre  in  Tamil
Nadu was launched on August 21.
Touted  to  be  the  first  such  gov­
ernment­run  clinic  in  the  coun­
try, it was started to provide vac­
cinations  round­the­clock.  But
the response has been lukewarm
at night time due to the lack of
awareness  and  patronage  from
In  fact,  the  Centre  had,  in
March, allowed States to provide
vaccinations  without  time  re­
by  Tata  Motors  to  revive  its
market share, but expressed
concerns  around  Tata  Sons’
super­app plan.  Hyderabad­based  Bharat  Bi­
Leadership revamp
Meanwhile, a Bloomberg re­
port said that Tata Sons was
vamp of its leadership struc­
ture by creating a chief exec­
utive  officer’s  role  to  help
improve  corporate
governance.
While  Tata  Sons  did  not
comment  on  the  report,  a
source  said  that  it  was  un­
likely that the company will
appoint a CEO. 
“As  per  SEBI  norms,  only
listed  companies  are  man­
dated to have a separate CEO
and  Chairman.  Since  Tata
Sons  isn’t  a  listed  company,
this  move  is  not  on  the
cards,” said the source.
strictions. But with vaccine sup­
plies  being  stretched,  the  idea
did not gain much traction.
At the huge Rajiv Gandhi Gov­
ernment Hospital in TN, the vac­
cination centre is situated nearly
a kilometre  from  the  entrance.
The centre was open and staff on
the  first  floor  were  ready  to  ad­
minister  the  vaccine,  but  there
were  not  many  takers  at  night,
said the security guard.
Expansion mode
However, the poor response has
not come in the way of the State
government from expanding the
number of 24/7 centres across the
State  to  77.  More  than  2.20  lakh
persons have been vaccinated in
these centres. This includes those
who come in at night, though the
number  is  very  less,  said  an
official.
“We would like to provide ex­
tended services to the public who
have challenges in reaching the
‘WHO approval
for Covaxin
likely this month’
New Delhi, September 14
The  World  Health  Organiza­
tion’s  approval  for  the  indi­
genous  Covid  vaccine,  Cov­
axin,  developed  by
otech,  is  likely  to  come  this
month, said official sources.
The  WHO  has  so  far  ap­
proved  Covid  vaccines  de­
veloped  by  Pfizer­BioNTech,
US  pharma  majors  Johnson
& Johnson, Moderna, China’s
Sinopharm  and  Oxford­As­
traZeneca  for  emergency
use.
Covaxin  is  one  of  the  six
vaccines  that  have  received
emergency­use  authorisa­
tion  from  the  drug  regu­
lator,  and  is  being  used  in
the  nationwide  inoculation
programme, along with Cov­
ishield and Sputnik V.
“The  WHO  approval  for
Covaxin  is  likely  this
month,”  said  an  official
source. 
vaccination  centre  in  time,
though they are interested in get­
ting  vaccinated,”  said  TS  Selvav­
inayagam, the Director of Public
Health and Preventive Medicine.
The response is good till 10 pm,
but after that it is very limited, he
added.
“It all started during a very cas­
ual  conversation  with  my
friends. We started the first one at
our office in DPH, mainly for the
Selvavinayagam,  when  asked
how the idea of the 24/7 vaccina­
tion centre took off.
The idea to open a 24/7 vaccina­
tion  centre  was  to  ensure  that
vaccination is given to the public,
especially office­goers and those
unable to visit the centre during
day  time,  even  if  they  come  a
little  late  than  the  scheduled
time, said Selvavinayagam. While
the government has created the
facility it is up to the public to use
it, said a government official.
BENGALURU
BusinessLine 
WEDNESDAY • SEPTEMBER 15 • 2021
PEGASUS SPYWARE
Apple users urged to update
devices to ‘fix’ software flaw 
AGENCE FRANCE-PRESSE ated,  cost  millions  of  dollars
San Francisco, September 14 to develop, often have a short
Apple  users  were shelf life, and are
urged  on  Tuesday  to used  to  target
update  their  devices specific individu­
after  the  tech  giant
announced a fix for a
als,”  the  com­
pany said.
major  software  flaw
that  allows  the  Pe­
Citizen  Lab
said it was urging
gasus  spyware  to  be people “to imme­
installed on phones. diately update all
Cybersecurity  ex­ Apple devices”. 
perts  at  the  Citizen  Lab,  a  re­
search centre at the University Surveillance
of  Toronto,  uncovered  the Explosive revelations that gov­
flaw  while  analysing  the ernments  have  spied  on
phone of a Saudi activist. people using the hugely invas­
That person is among tens ive  software  –  which  was  de­
of thousands believed to have veloped  by  the  NSO  Group,  a
been targeted with the Israeli­ secretive Israeli firm – have ri­
made  Pegasus  software, cocheted  around  the  world
which according to media re­ since July.
ports,  has  been  used  world­
wide to intercept the commu­
nications  of  activists,
journalists and even heads of
state.
Apple said on Monday that
it  had  rapidly  developed  a
software update after Citizen
Lab alerted it to the hole in its
iMessage software on Septem­
ber 7. 
“Attacks  like  the  ones  de­
scribed  are  highly  sophistic­
. . .... . . ...BG-BGE
 NG U U

BusinessLine
WEDNESDAY SEPTEMBER 15 2021
Fo BSE NSE ve quo es scan
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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl

20 Micron [5] 53.80 54.00 54.00 55.30 53.75 69.16 74.80 24.50 7 53.90 Celebrity 9.00 9.45 9.20 9.45 8.80 82.36 15.18 4.25 - 9.46 GSFC [2] 106.80 109.30 107.10 110.40 107.10 1472.32 127.10 54.00 8 109.30 KNR Con [2] 304.05 312.35 324.00 324.00 307.00 2056.47 343.55 113.80 31 311.95
21stCentMgmt 37.60 38.35 38.35 38.35 38.35 5.61 38.25 9.51 - 38.25 Cent Enka 442.00 454.95 442.00 467.45 442.00 96.53 518.00 161.80 7 454.20 GSPL 351.00 349.35 354.05 354.05 348.00 443.01 383.00 177.50 21 349.15 Kokuyo [1] 68.75 68.40 68.75 69.65 68.10 123.45 79.85 52.20 - 68.30
3m India 25150.90 25705.25 25260.00 26000.00 25260.00 5.96 30975.00 18000.00 133 25688.70 Cent.Bk 20.50 20.55 20.50 20.70 20.45 2958.80 29.65 10.04 - 20.50 GSS Info 85.25 85.60 85.95 87.45 85.10 282.02 89.35 27.40 - 85.55 KoltePatil 297.10 295.00 299.70 307.00 292.25 1402.80 309.75 154.60 - 294.50
5PaisaCap 468.70 475.75 471.60 492.00 469.00 41.72 577.40 237.60 64 475.85 Cent.Elec 456.95 464.50 472.50 474.00 460.00 2.62 561.10 258.60 49 462.65 GTN Text 7.90 7.55 7.55 8.20 7.55 1.94 11.86 4.75 - 7.52 Kot.Mah.Bk [5] 1840.05 1867.75 1850.00 1879.00 1845.15 4168.08 2048.95 1231.20 50 1867.50
63MoonsTec [2] 93.25 96.00 93.40 97.40 93.40 57.91 114.80 65.40 - 96.05 Cent.Ext [1] 10.05 9.95 10.35 10.50 9.90 390.42 13.60 3.06 - 9.95 GTPLHathway 230.45 231.35 232.95 235.00 228.65 154.99 255.40 83.30 20 231.60 Kothari Pet [5] 53.45 53.80 53.50 54.80 53.30 103.81 0.15 0.05 - -
Cent.Ply [1] 412.05 415.20 415.65 419.45 411.25 289.71 458.70 158.60 38 414.00 Gufic Bio [1] 198.10 198.45 199.70 205.00 197.70 223.11 231.70 76.60 25 198.30 Kothari Sug 32.95 33.70 33.55 34.25 33.00 210.42 15.85 4.45 - -
A ................................................ Cent.Txt 848.60 846.45 850.00 855.60 840.60 264.50 887.00 302.00 100 845.65 Guj.Alk 495.95 496.75 501.40 516.00 493.00 1913.65 523.00 304.35 18 496.45 Kovai Medi 1722.25 1711.25 1730.85 1733.30 1695.00 5.58 1899.00 651.10 17 1708.75
A2Z InfraEng 4.30 4.25 4.30 4.40 4.25 351.84 6.60 3.49 - 4.28 CentrumCap [1] 34.85 35.00 35.15 35.45 34.50 453.89 58.50 14.60 - 35.15 Guj.Ind.Pow 83.30 83.85 83.70 84.50 83.35 520.22 105.65 65.00 8 83.80 KPIGlobalInf 119.70 125.60 120.35 125.65 120.00 86.84 163.40 116.30 - -
AakashExplor 279.90 289.45 282.80 301.00 275.55 92.32 301.00 48.35 - - Cera San [5] 4436.30 4453.65 4413.00 4470.00 4386.20 8.30 4892.35 2213.60 52 4450.60 Guj.Lsg.Fin 3.25 3.25 3.25 3.25 3.25 1.00 3.50 1.77 - 3.22 Kpit Tech 327.45 329.80 327.90 331.95 325.15 806.17 385.30 89.75 - -
AareyDrgs&Ph 37.45 37.85 37.30 41.00 36.95 110.51 44.60 31.15 - - Cereb.Int 57.90 57.20 58.60 58.60 56.80 202.86 67.50 27.40 - 57.45 Guj.Pipav 100.90 101.60 101.20 101.75 100.90 377.20 124.15 76.05 23 101.70 KPR Mill [5] 2183.05 2236.90 2228.00 2286.00 2190.00 141.52 2349.60 566.45 28 2236.55
AaronIndust 104.85 106.35 108.00 108.00 105.10 4.58 136.00 28.00 - - CESC 838.25 880.85 840.00 894.00 839.00 1542.47 893.90 553.10 14 880.80 Guj.Sid.Cem 50.80 51.10 51.20 52.30 50.95 131.98 62.60 22.55 12 51.10 KRBL [1] 257.60 263.50 261.00 268.50 260.90 1101.51 306.00 173.45 11 263.45
Aarti Drug 606.05 611.90 609.25 616.50 607.30 147.90 1025.00 580.00 25 611.85 CGPowr&InS [2] 89.30 89.50 89.25 90.90 88.50 1185.88 94.80 20.85 11 89.45 Gujarat Gas [2] 676.15 672.70 676.00 678.75 668.00 1024.90 786.65 281.00 27 672.20 Krebs Bio 158.45 156.60 161.00 162.00 156.05 109.95 166.60 80.45 - 156.45
Aarti Ind [5] 928.95 926.95 937.40 939.95 920.60 723.89 987.20 483.63 56 926.55 ChaletHotels 186.55 184.90 185.15 188.15 184.00 294.67 215.25 125.05 - 184.90 GujaratFluor 1697.35 1693.45 1730.00 1734.00 1690.00 196.03 1825.00 442.15 - - KridhanInfra [2] 4.75 4.70 4.70 4.90 4.55 108.98 7.94 2.20 - 4.73
AartiSurfact 1412.90 1640.05 1402.20 1679.90 1402.20 253.18 1887.00 833.00 - - ChamanLalSat 117.75 120.60 119.80 123.00 116.60 103.24 155.00 101.05 - - Gul.Amb.Ex [1] 176.65 177.60 178.70 179.70 177.05 160.49 201.65 95.00 10 177.55 KrisnaInsMed 1264.55 1256.45 1269.00 1287.35 1243.30 125.86 1397.50 937.55 - -
Aarvee Den 18.35 18.10 18.30 18.50 18.00 7.63 30.00 9.50 - 18.45 Chamb.Frt 315.40 320.30 317.00 322.60 317.00 720.58 348.40 140.00 10 320.15 Gul.Apl 220.70 218.90 223.50 223.60 218.00 7.40 277.20 178.90 - 218.60 KrisnaPhoscm 174.20 172.35 172.05 177.40 171.00 13.02 184.95 79.95 - -
AarviEncon 57.15 57.35 58.25 58.30 57.05 23.08 78.40 33.75 - - ChembondChem 229.05 226.35 230.40 232.00 225.50 20.13 195.00 115.00 - 160.45 Gulf Oil Lub [2] 603.90 606.05 606.00 609.25 602.75 35.04 846.15 548.40 14 606.30 KrsnaaDiagns 868.15 864.15 885.00 894.00 860.25 160.65 1099.70 858.05 - -
AavasFinance 2505.50 2472.55 2517.70 2517.70 2450.05 74.70 3068.30 1294.10 65 2470.20 ChemconSpecl 440.45 465.70 441.10 468.45 441.10 650.03 731.25 398.00 - - Gyscoal [1] 2.20 2.25 2.25 2.30 2.20 1150.82 3.90 1.90 - 2.27 KSB 1199.10 1207.10 1215.00 1245.00 1204.00 40.39 1285.00 427.50 - -
AB Money [1] 61.00 61.75 62.50 62.50 61.00 50.58 88.50 34.00 20 61.80 ChemfabAlkal 156.20 160.90 157.90 164.00 156.65 31.24 194.40 115.00 - - KuantumPaper 77.15 75.30 77.15 81.75 74.15 169.78 103.95 37.10 - -
Aban Off [2] 44.70 43.70 44.70 45.50 43.10 172.19 52.60 21.75 - 43.85 ChemplastSan 560.85 558.00 569.85 574.20 555.00 495.42 621.45 510.00 - - H................................................
ABB [2] 1861.00 1907.30 1888.00 1917.00 1870.65 163.94 1934.00 848.50 137 1906.65 CholaFin [2]
CholamandFn[1]
584.40
667.20
581.25
659.80
590.00
670.00
595.00
674.95
579.45
655.85
2256.31
220.03
600.90
713.00
221.00 34 581.20
362.10 512 657.85
HappiestMind 1480.55 1499.25 1488.00 1515.00 1486.25 670.48 1580.00 307.00 - - L ................................................
AbbottIndia 21378.55 21454.05 21400.00 21870.00 21311.00 22.98 21850.00 13970.10 65 21432.80 Harri.Mal 196.60 196.30 197.65 198.95 196.00 63.04 250.00 83.00 7 196.55 L&T [2] 1671.70 1696.45 1676.00 1698.80 1675.40 1407.27 1717.90 842.50 17 1696.20
ABBPowerPro 2326.30 2389.90 2359.00 2473.00 2335.10 91.72 2520.00 895.15 - - Cigniti Tech 576.25 579.10 579.00 584.80 572.00 105.37 677.00 282.50 33 578.15 Hathway [2] 23.45 25.10 23.65 25.75 23.6033949.06 36.55 20.50 - 25.10 L&T Fin Hld 85.20 86.15 85.45 86.30 85.25 4426.17 113.40 51.71 - 86.10
ABCapital 113.15 113.85 113.45 115.85 113.00 2375.75 139.60 59.85 - 113.80 Cipla [2] 950.45 953.15 954.80 958.35 949.60 1373.82 997.20 706.45 29 952.75 Hatsun Agro [1] 1264.95 1463.95 1275.00 1517.90 1271.00 1294.18 1518.80 540.75 127 1483.95 L&TInfotech [1] 5488.95 5580.40 5499.90 5670.00 5495.00 482.84 5668.75 2310.15 50 5578.40
ACC 2471.40 2442.95 2470.00 2475.05 2437.55 174.87 2506.35 1295.25 22 2441.80 CitiUn Bk [1] 155.55 156.90 155.80 159.30 155.70 1539.49 199.80 132.00 19 156.90 HavellsIndia [1] 1450.10 1465.55 1450.30 1471.45 1450.10 1024.08 1470.50 643.00 76 1464.85 L&TTechSer [2] 4373.25 4544.00 4396.95 4556.25 4368.50 648.02 4556.00 1473.00 62 4546.40
AccelyaKal 1298.25 1282.35 1300.00 1315.00 1278.05 22.64 1535.00 800.50 42 1281.80 Clari.Chm 579.60 575.50 588.00 588.00 571.00 47.50 631.75 288.00 27 574.45 HBL Pwr [1] 48.70 48.80 49.15 49.50 48.60 519.36 57.95 14.95 37 48.80 La Opala [2] 293.10 292.50 295.80 298.00 290.60 234.60 325.50 197.20 53 292.70
AcrysilLtd 639.55 658.00 640.00 665.00 640.00 122.60 702.00 181.25 - - CleanSci&Tec 1671.85 1698.40 1681.05 1706.95 1678.00 478.06 1779.00 1422.10 - - HBStockhold 38.35 38.70 39.95 39.95 36.65 8.40 52.10 5.05 - - LakFinIndCor 78.80 80.95 83.20 83.20 75.40 7.21 93.70 50.45 - -
Action Con [2] 278.20 277.10 278.00 291.75 271.25 6413.42 291.55 63.00 30 277.00 CLEducateLtd 146.75 145.00 146.75 149.50 142.55 24.21 167.00 54.80 - 143.60 HCC [1] 9.95 10.25 10.10 10.40 10.05 6542.41 16.33 4.64 - 10.23 LasaSuperGen 73.80 73.10 74.35 76.65 72.50 155.23 100.15 58.30 16 73.00
AcuracyShipg 137.25 137.60 138.70 140.50 136.60 53.48 151.70 31.25 - - CMI 48.60 49.30 49.00 50.35 48.40 108.60 70.90 30.00 - 49.50 HCG 241.05 238.55 240.10 243.70 236.90 116.38 264.75 111.50 - 238.45 LaurusLabs [2] 645.70 651.15 648.00 666.00 644.20 3124.02 723.55 247.55 34 651.25
Adani Ent [1] 1532.45 1513.20 1539.90 1547.25 1497.05 7143.76 1718.45 257.45 196 1515.90 Coal India 154.60 154.70 155.35 155.50 153.35 8804.43 164.90 109.50 13 154.65 HCL Info [2] 13.40 14.05 14.05 14.05 13.80 413.32 21.91 6.60 - 14.08 LaxmiOrgInd 542.55 569.65 562.80 569.65 561.20 2123.68 569.65 143.25 - -
Adani Ports [2] 745.10 755.40 747.80 762.75 745.45 5615.41 901.00 312.00 84 755.30 CochinShip 367.00 375.10 371.45 377.75 366.35 207.90 433.75 304.95 8 375.20 HCL Tech [2] 1208.40 1238.65 1216.00 1240.60 1207.00 5593.29 1240.00 710.50 37 1238.30 LemonTreeHot 40.05 39.95 40.35 40.55 39.75 1470.21 49.45 25.30 - 39.95
Adani Trans. 1871.40 1942.70 1950.00 1954.15 1891.45 1952.04 1960.10 231.55 - 1942.40 CoffeeDayEnt 27.70 27.90 28.15 28.30 27.70 716.26 50.30 23.25 - 27.85 HDFC [2] 2849.80 2818.05 2864.95 2869.00 2810.00 2238.46 2895.35 1623.00 42 2817.30 LG Balakri 415.80 423.60 418.00 425.30 418.00 93.79 545.00 209.45 8 423.25
AdaniGreenEn 1185.20 1149.40 1189.00 1208.40 1133.10 903.67 1394.00 558.95 653 1148.65 COFORGE 5177.85 5295.55 5205.00 5339.65 5170.00 396.37 5339.65 2057.40 - - HDFC AMC [5] 3302.05 3268.90 3314.00 3338.00 3255.00 298.33 3363.00 2071.00 51 3268.65 LibasDesigns 62.50 61.15 62.85 62.95 60.35 443.29 76.40 27.25 - -
AdaniTotlGas 1375.65 1375.00 1369.95 1385.10 1340.00 266.03 1679.00 143.10 - - Colgate [1] 1723.30 1732.95 1731.95 1737.80 1724.95 310.84 1823.00 1322.80 44 1732.20 HDFC Bank [1] 1555.55 1548.55 1560.00 1564.50 1546.60 4879.25 1650.00 1025.15 27 1548.25 Liberty Sh 183.65 175.95 185.00 185.30 175.10 756.89 215.50 116.50 36 176.05
ADF Foods 936.35 939.50 937.30 949.95 928.00 21.03 1049.00 358.40 46 943.90 CompuageInf[2] 27.05 26.65 26.90 27.60 26.45 251.16 35.00 12.20 8 26.65 HDFCLifeIns 734.90 739.20 737.80 744.00 736.10 1974.67 775.65 556.25 123 739.20 LICHsgFin [2] 419.55 419.60 420.00 421.95 417.15 1971.76 542.35 260.15 10 419.50
AdityaBirFas 215.90 216.05 216.00 221.45 214.70 2448.24 234.35 120.00 - 216.10 Compucom [2] 13.45 13.65 13.40 13.95 13.30 88.10 17.00 6.84 - 13.67 HEG 2264.60 2255.20 2276.00 2290.95 2245.00 62.88 2564.00 659.15 440 2256.30 LikhithaInfr 396.60 395.35 398.60 399.00 393.85 37.24 480.00 133.80 - -
Ador Weld 693.20 685.30 693.20 698.85 680.00 6.47 808.00 234.65 49 684.60 ComputerAge 3603.65 3608.50 3624.00 3674.00 3600.00 227.62 4067.40 1260.00 - - Heidelbrg 263.95 266.60 264.00 268.40 264.00 155.85 284.55 174.50 18 266.75 Linc Pen&Pla 224.30 220.50 229.00 234.70 219.00 18.55 240.00 137.05 117 220.70
AdvancedEnz[2] 412.30 407.30 414.85 417.70 403.00 1042.39 503.00 217.30 61 407.10 Con.FinHld 156.65 152.35 162.50 162.50 149.65 28.84 78.40 26.55 - - HemispherePR 132.10 139.70 132.95 142.50 132.40 2778.84 167.20 54.40 - - Lincoln Phar 384.40 384.05 387.45 393.00 380.05 156.17 404.45 191.40 12 383.55
Advani Hot [2] 71.20 70.80 70.80 72.00 70.20 8.35 97.50 38.30 - 71.00 Concor [5] 740.55 729.10 740.00 745.60 725.50 1237.27 754.10 351.60 68 728.95 HeranbaIndus 769.30 776.65 775.35 781.90 769.45 116.35 945.00 602.10 - - Linde Ind 2649.00 2667.20 2670.00 2739.80 2622.95 376.08 2750.00 700.20 98 2666.05
Aegis Log [1] 244.80 243.00 244.45 251.50 241.50 1159.83 394.40 199.25 41 242.95 ConfdnPetInd[1] 79.60 79.75 80.25 81.55 77.65 2125.07 83.40 18.75 32 79.70 Herc.Hoi [1] 141.75 141.55 142.70 143.10 140.05 53.01 179.65 84.00 47 141.90 LMW 7879.00 7862.00 7961.00 7961.00 7835.00 4.70 8870.00 3401.80 99 7854.55
Affle(India) 4908.95 4906.00 4989.00 4989.00 4862.00 50.22 6287.00 2506.05 330 4903.25 ControlPrint 338.25 336.15 340.00 341.00 334.15 11.57 416.85 200.00 17 336.80 Herit.Fds [5] 455.60 454.80 459.80 462.00 451.00 110.25 541.50 257.00 26 455.00 Lok.Mach 48.70 48.95 49.80 49.90 48.10 68.26 55.80 18.95 14 49.00
Agarwal Inds 313.30 311.45 315.00 319.50 310.00 12.13 385.00 74.00 14 311.45 CoralIndFin [2] 38.75 38.95 39.80 39.80 38.55 12.64 58.50 18.20 11 39.00 HeroMoto [2] 2789.80 2851.70 2800.00 2861.00 2800.00 880.59 3628.55 2636.00 17 2849.70 Lovable 116.05 117.15 116.95 119.10 116.00 45.97 145.60 50.20 44 117.30
AgriTech Ind 63.65 66.80 66.80 66.80 62.10 71.47 67.10 26.00 - 67.10 Cords Cab 53.85 54.75 54.25 55.20 53.95 24.83 83.40 35.20 12 54.65 Hester Biosc 2562.20 2539.30 2605.00 2620.00 2525.05 15.84 3180.00 1600.00 45 2541.45 LT Ovrseas [1] 64.30 65.10 65.00 67.40 64.80 3059.01 90.40 46.85 18 65.15
Agro Tech 1046.25 1041.40 1043.00 1075.00 1016.25 12.26 1149.75 664.85 100 1039.40 Corom.Intl [1] 835.05 827.20 834.50 835.95 821.65 258.28 955.95 681.65 17 826.85 HGInfraEngg 598.70 609.40 602.70 617.85 591.55 250.53 629.65 150.80 14 609.70 Lumax tech [2] 138.35 141.40 141.00 142.35 140.00 63.25 181.40 88.05 18 141.40
AgroPhosInd 14.90 15.20 15.40 15.40 14.40 40.24 21.00 7.45 - - Cosmo Film 1358.35 1556.25 1377.45 1598.60 1373.30 923.21 1596.00 380.00 12 1554.05 Hikal [2] 650.15 654.00 656.75 676.00 650.00 392.03 742.00 142.85 48 652.80 Lumx Ind 1482.55 1468.15 1485.00 1490.00 1454.80 4.42 1820.00 1189.95 38 1465.45
AhladaEnggrs 143.30 142.50 144.00 147.50 141.80 59.90 248.00 61.15 - - Count.Cond [1] 3.00 2.95 2.95 3.15 2.95 237.64 4.79 1.14 - 2.95 HIL 5263.75 5264.55 5312.00 5330.80 5205.55 13.80 6750.00 1539.25 16 5246.20 Lupin [2] 984.10 982.65 984.50 990.10 979.05 660.13 1267.50 856.00 29 981.90
Ahluwalia [2] 398.05 396.10 405.80 405.80 394.00 14.46 430.00 201.95 25 397.10 CPCL 110.80 111.05 111.10 112.90 110.50 311.42 151.80 63.75 84 111.10 Hilton Mtl 14.20 14.65 14.20 14.90 14.00 47.63 16.06 8.60 - 14.66 Lux Indust. [2] 4156.05 4038.35 4200.00 4200.00 4005.00 44.58 4500.00 1316.05 43 4045.35
AIA Engg [2] 2095.85 2105.00 2097.00 2119.50 2060.00 30.85 2224.40 1621.50 43 2104.55 CraftsmnAuto 1971.55 1966.45 1985.60 1990.00 1961.20 9.06 2176.00 1245.00 - - HimadriSpec [1] 46.80 47.20 47.10 47.85 46.95 2274.38 62.40 37.55 27 47.20 Lyka Labs 79.15 83.10 80.80 83.10 79.65 176.10 102.70 16.10 19 82.95
Ajanta Phr [2] 2137.05 2217.40 2146.05 2225.00 2139.20 159.60 2420.00 1486.95 26 2218.55 CrdtacsGramn 675.85 672.25 684.90 688.45 669.00 68.70 839.00 541.00 97 671.85 Hind.Compo [5] 300.70 305.25 300.75 313.45 300.75 5.61 387.45 174.70 20 308.50 Lypsa Gem 4.50 4.55 4.65 4.65 4.40 25.79 7.05 2.39 - 4.56
AjooniBiotec 51.55 50.90 52.35 52.80 50.50 23.19 64.45 41.90 - - CreatPer&Dis[5] 2.95 3.00 3.05 3.05 3.00 0.90 4.59 2.57 - 3.13 Hind.Cop [5] 124.60 126.00 125.45 129.75 124.10 5772.26 196.90 31.45 96 126.10
Crisil [1] 2816.75 2797.10 2841.70 2844.25 2780.65 29.01 3323.00 1680.00 70 2793.35
AkashInfProj
AKGEximLtd
196.30
24.85
187.60
24.20
200.00
25.25
200.00
25.30
181.35
23.00
63.11
52.46
270.60
112.70
146.00
21.00
-
-
-
- CromGreCon [2] 486.30 489.90 489.65 495.30 483.05 902.51 498.00 250.65 49 489.65
Hind.Media
Hind.Mot [5]
75.75
7.65
77.80
7.65
75.75
7.75
78.40
7.75
75.55 214.19
7.50 187.24
107.00
10.00
44.80 14 77.80
4.60 - 7.64
M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CSBBank 300.05 303.35 300.35 304.80 297.70 185.94 372.95 197.05 23 302.45 M&M [5] 745.55 750.20 744.80 752.55 744.65 3089.38 952.15 566.00 64 750.50
AksharChem 429.00 429.35 432.05 439.00 427.05 12.07 497.05 188.00 23 428.75 Hind.Oil.Ex 193.15 196.65 195.00 204.50 192.30 1890.47 204.90 60.75 72 196.65 M&M Fin [2] 168.55 168.95 169.10 170.95 168.55 3496.48 224.15 112.80 - 169.05
Akzo 2204.50 2199.65 2204.50 2204.50 2191.65 17.92 2510.00 1904.00 33 2198.60 CubexTub 22.35 22.75 22.85 23.30 22.05 15.47 35.05 9.71 20 22.80 Hind.Rect [2] 211.55 206.65 212.00 215.50 205.50 49.59 232.25 115.75 53 206.35
CUMI [1] 913.75 928.15 920.00 951.95 905.20 583.81 956.95 232.10 72 927.65 MacpowerCNC 180.70 181.10 183.95 184.00 180.00 20.80 226.45 55.65 - -
Alankit [1] 15.55 15.60 15.70 15.95 15.45 269.13 27.15 11.50 - 15.60 Hind.Znc [2] 335.40 333.00 338.00 338.80 331.05 571.18 362.40 197.55 16 332.55 MacrotecDeve 1062.75 1048.60 1069.90 1069.90 1045.00 133.16 1102.00 422.60 - -
AlbertDavid 587.50 591.20 590.10 598.00 585.25 13.05 673.00 371.45 10 591.60 CumminsInd [2] 1044.15 1038.65 1045.00 1049.30 1026.75 481.49 1065.00 425.25 41 1038.35 Hindalco [1] 478.35 477.95 483.10 483.45 473.2015253.80 483.60 155.00 56 477.90
Cupid Ltd 234.50 232.00 235.80 236.70 230.70 40.49 272.00 190.30 11 231.45 Madhav 56.35 56.10 57.10 57.35 56.00 10.39 75.90 23.25 12 55.50
Alembic [2] 114.80 114.70 115.55 116.65 114.30 266.01 143.30 83.00 - 114.65 HindconChem 61.50 61.10 61.50 62.30 60.60 12.69 81.90 41.75 - - MadhavCopper 38.25 38.35 38.80 38.80 38.10 19.46 116.00 33.75 - -
Alembic Ph [2] 773.40 780.20 775.25 783.90 773.90 253.78 1150.00 720.80 15 779.90 Cybertech 166.25 167.35 167.90 170.95 166.65 38.15 208.45 54.00 31 167.50 HindustnAero 1405.25 1409.95 1412.30 1441.75 1369.95 2308.49 1456.15 660.00 14 1409.40
CYIENT Ltd [5] 1049.95 1041.90 1059.10 1059.10 1020.75 371.62 1091.40 365.25 41 1040.00 Madhucon [1] 4.70 4.85 4.50 4.90 4.50 32.50 7.82 2.35 - 4.89
Alicon [5] 792.30 792.15 799.40 802.50 785.10 20.36 948.40 282.15 49 793.05 HindustnFood 2036.20 2018.35 2037.00 2064.00 2005.00 8.17 2578.00 495.95 - -
MadyaBharat 185.30 178.10 182.50 184.15 175.00 22.05 227.40 100.55 - -
Alkali Met 71.30 71.50 71.20 72.45 70.85 23.44 98.50 42.90 - 71.40 HisarMetalIn 129.25 133.20 130.15 138.75 130.00 49.20 165.00 66.00 9 133.40
AlkemLabs [2] 3823.85 3806.30 3843.30 3849.30 3794.40 54.87 3946.45 2544.25 26 3807.80 D................................................ HiTech Gr 275.70 277.40 275.65 282.00 274.25 9.01 364.90 95.90 11 277.30
MagadhSug&En
Mah.Cie.Auto
286.85
232.50
297.80
230.95
290.00
234.70
301.15
234.80
282.90 41.93
228.35 118.38
386.35
280.60
93.50
115.55
18 299.75
152 231.70
Alkyl Amine [2] 4123.85 4093.00 4150.00 4185.00 4080.00 165.66 4740.00 1138.50 65 4095.20 D P WIRES 233.55 245.20 245.00 245.20 237.10 49.42 312.20 55.00 - - Hi-TechPipes 593.20 614.10 604.70 620.00 600.00 194.93 274.65 76.00 41 230.00
Mah.Holi 234.40 232.50 236.35 237.60 231.50 352.13 254.00 106.67 36 232.35
Allcargo [2] 236.45 230.95 225.00 235.95 220.55 3026.96 246.95 113.20 19 230.55 Dabur [1] 640.20 639.20 640.20 640.95 634.75 1422.84 650.90 479.20 78 639.35 HLEGlascoat 4616.40 4621.10 4675.10 4769.10 4550.00 12.35 4990.00 1755.00 - -
Mah.Life 847.90 278.50 281.00 283.45 275.30 494.13 293.98 72.70 - 278.45
Allied Dig [5] 73.95 74.15 75.00 78.65 73.20 836.09 78.95 20.00 51 74.20 Dalm.B.Sug [2] 402.25 417.15 403.00 421.00 403.00 121.79 516.00 121.10 13 417.95 HLV 8.85 9.05 8.95 9.15 8.80 190.75 12.40 4.20 - -
Mah.Scoot 4446.75 4449.80 4450.80 4530.00 4425.00 10.20 4725.00 2752.75 536 4445.30
Allsec 466.55 461.15 466.65 466.65 456.55 10.86 559.05 223.25 8 458.10 DangeeDums 197.20 196.25 197.00 198.20 196.25 2.11 199.75 105.95 - - HomeFirstFin 575.10 578.90 575.25 582.00 575.00 279.09 640.00 440.00 - -
Mah.Seam [5] 318.75 315.15 317.75 318.65 314.80 43.47 349.95 211.65 6 315.40
Alm.Global [6] 74.65 74.65 75.95 76.75 74.05 6.35 79.55 10.27 52 74.05 Datamatics [5] 309.05 308.55 311.00 313.10 307.00 125.80 347.05 64.50 45 308.65 Honda Siel 1210.50 1213.40 1220.30 1220.30 1202.55 4.29 1388.10 902.00 16 1217.65
MahangrGas 1181.65 1189.05 1185.00 1195.00 1183.10 207.22 1284.45 780.00 15 1188.95
AlokIndus 24.25 23.75 24.25 24.70 23.6510459.25 33.20 18.65 - - DB Corp 88.65 94.00 89.00 94.95 88.95 789.20 124.60 72.95 10 93.85 Honey.Aut 42511.05 42243.05 42807.55 42807.55 42013.95 1.50 49805.00 27854.00 82 42256.55
MahaSteelInd 92.95 92.75 92.50 94.45 92.10 19.71 130.50 71.25 38 92.95
Alpha Lab 54.60 56.25 54.00 57.00 54.00 111.67 73.15 26.15 11 56.10 DB Realty 29.55 30.05 30.00 32.50 28.40 4064.96 32.50 6.17 - 30.10 HPCL 270.65 274.15 272.45 275.85 270.70 3211.84 312.00 163.30 4 274.05
MaheswariLog 102.80 102.50 103.80 104.05 100.35 43.73 224.90 73.30 - -
Alphageo 430.55 421.00 426.60 434.70 420.00 99.21 464.15 142.15 8 421.10 DCB Bk 94.85 93.95 95.00 95.10 93.35 850.85 126.50 74.35 10 93.95 HPLElect&Pow 70.90 70.05 71.80 71.95 69.50 130.26 91.90 26.85 69 69.95
MahindEPCIrr 137.95 140.50 138.60 141.45 135.10 116.75 178.20 125.25 - -
Amararaja [1] 718.05 736.70 721.90 741.25 718.70 1928.21 1025.00 665.00 18 736.90 DCMNouvelle 210.00 220.50 203.00 220.50 203.00 68.47 244.00 22.00 6 217.40 HSG&UrbanDev 43.15 43.60 43.35 43.95 43.15 1336.73 58.25 30.00 5 43.65
MahindraLog 707.55 699.95 709.90 717.80 695.80 213.71 819.15 310.15 106 700.70
AmberEntp(I) 3206.55 3213.95 3240.00 3274.00 3201.65 77.47 3667.50 1725.25 140 3214.15 DCMShriram [2] 967.25 971.65 985.00 997.00 962.00 108.30 1199.00 315.00 20 973.90 HSIL [2] 235.70 243.15 238.05 244.30 235.00 264.46 287.35 59.60 14 243.15
Maithan 1011.50 1002.30 1020.00 1038.00 997.65 105.13 1255.15 470.05 9 1003.25
AmbigaAgar 15.75 15.95 16.00 17.30 15.40 176.65 39.70 12.00 10 15.95 DCW [2] 36.95 39.20 37.05 39.65 36.70 4038.34 44.85 12.97 - 39.15 HT Media [2] 23.95 25.25 24.70 27.00 24.25 1469.82 35.15 12.43 - 25.25
Majesco [5] 90.70 89.35 92.00 92.25 88.20 235.41 1019.00 12.20 11 89.35
Ambika Cot 1617.15 1610.50 1628.00 1635.00 1608.00 22.25 1730.00 603.05 9 1609.40 De Nora 348.60 342.45 348.00 352.80 340.00 12.85 437.00 190.00 60 342.70 HuhtamakiInd 262.95 268.35 263.00 270.00 262.95 84.44 352.15 258.20 - -
Malu Paper 34.80 34.70 34.50 35.35 34.50 18.42 43.80 22.10 - 34.70
AmbujaCeme[2] 436.25 432.45 436.55 436.85 428.50 2872.24 442.95 197.50 37 431.90 Deccan Cem [5] 743.85 750.45 750.00 757.00 742.55 40.30 846.25 258.00 8 750.65 HUL [1] 2786.35 2762.55 2802.00 2804.00 2751.05 1755.06 2825.40 2001.00 79 2762.85
Man Ind [5] 113.00 113.80 114.00 116.90 112.85 381.21 147.15 51.00 6 113.90
AMD Ind 29.00 28.70 28.55 29.70 28.50 18.67 33.50 15.00 - 29.00 DeepIndust 150.70 144.10 150.65 153.80 142.25 251.32 157.90 57.30 - -
Man Infr [2] 76.90 85.75 78.45 87.00 77.40 8177.35 87.00 24.20 20 85.55
AMI ORGANICS 610.00 935.00 910.00 966.70 841.0011215.39 966.70 841.00 - - Deepk.Ntr [2] 2427.60 2451.15 2439.70 2468.85 2420.00 1002.38 2467.75 701.85 78 2449.90 I................................................. ManakAlumi [1] 19.85 21.80 20.15 21.80 20.15 881.41 23.90 6.34 20 21.75
AMJLandHold[2] 31.85 31.95 32.60 32.60 31.50 18.26 40.40 17.05 - 31.85 DelphWrldMon 699.90 691.90 699.90 725.00 690.00 6.95 818.00 296.05 - - Ibull Hsg [2] 228.95 239.30 230. Manaksia [2] 67.80 67.85 68.00 68.45 66.90 77.26 78.70 37.00 - 67.90
Amrutanjan [1] 727.55 737.05 725.00 739.90 725.00 37.12 804.45 401.45 32 737.05 Delta Corp [1] 222.25 230.40 223.50 233.80 222.2012626.32 233.60 99.90 186 230.30 R
Delta Mag 52.35 53.45 54.25 54.40 51.90 6.18 60.30 17.00 - 52.45 ManakSteel [1] 36.20 35.90 36.40 36.80 35.45 55.48 40.25 8.95 8 35.85
Anant Raj [2] 67.80 67.35 68.45 69.35 66.25 200.18 73.80 16.60 52 67.40 M R Manali Pet [5] 92.00 93.70 92.95 94.90 91.60 724.24 104.00 20.85 6 93.65
Andhar Sug 566.75 595.00 574.70 600.00 570.15 355.89 637.90 270.85 15 596.45 Den Net 49.50 51.35 49.70 52.05 49.70 3038.98 94.40 41.60 11 51.30 CC B
DevyaniInter 115.10 119.55 116.90 121.95 116.05 8353.97 140.90 107.55 - - Manap.Fin [2] 165.30 166.20 165.40 166.90 165.20 2118.11 218.00 139.00 8 166.30
AndhraPaper 230.30 230.65 238.40 238.40 229.40 16.60 283.70 177.55 - - CC m GC ManCoatMet[1] 12.35 12.40 13.25 13.25 12.00 16.34 18.30 3.61 11 12.32
AndrewYuleCo 24.45 24.40 24.80 24.85 24.15 126.52 29.70 22.80 - - DFMFoods [2] 350.45 365.05 349.80 368.00 342.00 336.08 452.80 308.00 97 365.45 CC
Dhamp.Sug 296.50 302.55 298.70 305.60 295.60 359.35 395.00 128.05 9 302.85 Mang.Cem 462.60 463.50 463.05 476.30 462.10 64.89 543.00 169.00 9 463.85
AngelBroking 1295.60 1278.45 1304.00 1334.80 1265.15 474.87 1475.00 222.20 - - CRA Mang.Chem 74.70 75.20 74.70 76.60 74.10 210.62 101.00 27.50 11 74.45
Anik Ind 18.95 18.65 18.70 19.50 18.55 14.83 27.05 10.55 6 18.65 DhaniService 198.05 197.35 198.25 205.00 196.55 898.56 395.95 155.10 - - DB
Dhanlk.Bk 16.00 16.35 16.10 16.55 16.00 855.42 20.20 11.50 11 16.40 Mang.Drug 151.35 150.40 152.90 153.60 150.00 33.58 196.50 91.00 10 150.50
AnjPortCemen 424.30 425.75 430.00 430.00 423.05 17.84 531.00 166.05 12 424.70 MangalamGlob 51.50 51.30 51.55 52.85 50.00 17.53 66.50 35.20 - -
AnmolIndia 195.95 193.95 203.85 207.55 193.50 296.56 237.80 136.00 - - Dhanuka Ag [2] 811.90 816.55 816.00 826.00 810.00 51.80 1053.15 668.95 18 816.85 D C
Dhun.Inv 637.05 627.50 635.10 654.50 611.15 4.96 705.00 200.00 376 627.45 Manugrph [2] 13.05 12.90 13.25 13.25 12.55 10.44 16.43 8.00 - 13.02
Ansal Hsg 6.50 6.35 6.50 6.70 6.30 241.15 11.66 3.65 - 6.43 D C B Maral Over 81.85 80.30 80.50 83.55 79.25 30.04 97.75 10.77 7 80.05
Ansal Pro [5] 9.35 9.25 9.45 9.45 9.15 211.00 13.89 3.60 - 9.25 Dhunseri Tea 287.10 290.60 288.70 294.85 282.20 11.17 405.20 150.00 6 293.40 BA
DhunseriVent 286.25 285.95 286.05 287.95 282.90 29.78 350.00 59.75 - - MarathNxtg [5] 87.20 86.25 86.25 88.70 85.50 38.39 109.60 42.25 35 86.10
AntnyWastHdg 406.40 445.15 420.00 450.90 416.85 1154.21 489.90 241.00 - - B Marico Ltd [1] 575.60 558.30 575.00 582.10 555.90 5993.39 587.25 333.30 62 558.35
AnupamRasayn 742.10 738.15 745.00 749.70 731.20 51.09 848.05 474.00 - - DIC India 478.60 470.95 491.00 491.00 467.20 3.75 549.00 355.05 29 473.85 C
DigispiceTec 58.15 55.25 60.40 60.40 55.25 229.40 60.70 6.50 - - MarineElecIn 37.35 37.25 37.35 38.00 37.10 1046.95 266.00 36.00 - -
Apar Ind 673.60 660.40 674.95 678.85 658.00 45.79 722.40 277.55 12 661.15 G R Marksans [1] 71.00 72.10 71.60 72.70 71.35 1649.24 97.50 44.95 28 72.05
Apcotex Ind [2] 426.65 409.85 433.40 441.30 406.00 625.26 443.40 132.15 29 409.85 DilipBuildco 514.65 517.55 519.85 523.00 514.50 194.34 719.00 320.80 24 516.50 GP
Dish TV [1] 19.35 21.25 20.50 21.25 20.4013616.69 21.31 8.55 - 21.31 Maruti [5] 6873.70 6894.45 6910.00 6955.00 6851.10 817.28 8400.00 6273.70 42 6898.95
ApexFznFoods 289.40 304.75 300.85 319.50 300.85 576.48 435.20 200.00 24 305.00 MASFinServ 768.40 785.50 772.50 799.00 772.50 79.50 1107.65 716.00 30 784.05
APL Apl [2] 1854.75 1880.00 1882.80 1890.00 1840.00 375.64 1908.70 460.00 118 1882.05 DishmanCarb[2] 212.10 210.25 213.85 217.45 205.50 1365.26 235.00 102.55 - 210.05 H
Divi'sLabs [2] 5085.20 5094.85 5125.00 5191.40 5071.80 521.16 5269.00 2986.70 67 5092.25 Mastek [5] 2921.55 2897.30 2939.95 2948.00 2881.55 77.88 2994.30 716.75 240 2897.20
Apollo Hsp [5] 4745.85 4732.45 4773.00 4773.00 4696.70 528.94 5122.00 1591.00 164 4732.15 MatrimCom [5] 1029.05 1022.55 1042.60 1042.60 1014.45 33.21 1242.00 536.60 51 1027.05
ApolloMicSys 125.30 126.40 127.50 129.00 123.55 384.10 155.20 86.00 27 126.45 DixonTec(In)[2] 4306.75 4289.15 4324.40 4336.35 4263.05 185.83 4731.50 1628.57 149 4285.40 W M
DLF Ltd [2] 339.65 342.30 341.00 345.00 341.00 6832.14 359.10 142.55 60 342.25 MaxFinancial [2] 1094.90 1093.70 1101.00 1115.40 1088.10 628.17 1147.90 566.60 172 1093.90
ApolloPipes 1575.55 1551.15 1580.00 1592.90 1541.00 22.95 1619.80 372.20 - - & V MaxHealthCre 386.55 397.10 389.90 402.50 383.65 2032.47 402.50 97.15 - -
ApolloSindo 809.75 803.20 810.50 822.05 800.00 1.65 1008.70 460.00 - - D-Link [2] 139.55 140.00 140.80 144.80 138.90 382.23 168.65 92.20 14 140.05 m W
DodlaDairy 538.55 535.90 540.00 542.35 535.00 29.27 652.00 500.00 - - MaxIndia 72.75 73.75 73.00 74.50 72.65 553.42 77.35 53.80 - -
ApolloTyr [1] 214.90 221.05 215.95 221.90 215.30 3898.10 261.20 113.65 16 220.90 MP Pw MaxVent&Ind 92.35 95.85 93.30 97.75 92.60 399.15 109.40 35.50 - 95.50
Aptech 285.25 284.10 287.00 291.05 283.00 253.32 317.70 106.30 125 284.00 DolatInvest [1] 93.05 94.90 93.05 96.15 90.45 404.09 128.00 43.20 10 94.85 MPA
DollarInd [2] 377.55 377.95 377.55 383.40 375.50 118.05 408.15 127.00 23 377.95 Mayur Uniq [5] 478.90 483.20 481.30 491.70 480.00 44.84 545.95 228.00 20 483.10
AptusValHsg 362.20 361.30 361.00 365.90 360.05 423.73 381.40 333.00 - - MazagonDock 246.55 250.00 247.00 254.00 247.00 735.79 296.00 164.00 - -
Archidply 31.75 31.85 31.50 32.30 30.90 13.07 46.90 22.85 14 31.60 Donear [2] 60.20 60.55 60.00 61.70 59.25 94.89 67.65 19.00 - 60.05 B M
DPAbhushan 200.10 199.30 196.30 201.55 196.30 5.30 239.00 70.05 - - Mazda Ltd 608.80 621.65 624.90 626.00 601.00 13.45 753.70 402.40 14 621.30
Aries Agro 148.65 152.35 149.30 154.40 149.00 54.83 193.75 73.10 8 152.25 C m MBL Infra 18.85 18.70 18.95 19.35 18.50 91.19 29.90 6.55 2 18.80
Arih.Found 27.15 27.50 26.25 28.30 26.20 32.21 31.25 15.50 - 27.00 DPSC 15.45 15.55 15.80 15.85 15.45 40.61 20.50 9.45 - - G
Dr Reddy [5] 4931.40 4930.75 4949.90 4989.00 4923.75 309.98 5613.65 4135.90 50 4930.60 McD.Hld 55.00 57.75 57.75 57.75 52.75 1611.54 71.15 21.60 - 57.65
ArihantSuper 119.05 123.15 119.05 124.00 118.50 98.38 134.00 19.40 37 124.00 H m MCX 1629.30 1613.50 1632.00 1642.00 1611.00 500.44 1875.00 1434.80 48 1613.75
ArihntCapMkt 140.15 139.00 142.00 144.50 138.20 101.88 189.25 111.25 - - DRCSystemInd 277.50 274.15 279.00 282.05 269.95 0.80 355.60 230.45 - -
Dred.Corp 363.80 373.55 363.80 378.00 362.30 169.06 475.00 228.20 - 373.50 MeghManiFine 673.10 740.40 680.00 740.40 677.15 117.08 762.55 650.00 - -
ArmanFinServ 888.05 879.95 889.00 910.00 871.65 25.18 1023.80 487.05 109 879.60 N MeghmaniOrga 114.50 120.25 114.55 125.40 114.55 1902.34 149.70 114.00 - -
AroGranite 70.70 69.85 72.00 72.45 69.70 133.39 78.95 23.35 12 69.85 DrLalPathLab 4170.45 4141.70 4170.45 4174.05 4122.05 93.88 4241.90 1760.00 92 4142.85 O B
Dwarikesh [1] 67.95 70.40 68.20 71.30 67.55 2361.64 83.90 23.00 13 70.50 MenonBear [1] 76.10 74.80 76.95 76.95 74.40 19.18 88.30 37.50 18 74.80
ArowGreenTec 130.30 130.45 134.95 136.25 129.05 10.48 179.85 42.50 - 130.15 R m
Dynac.Sys 125.85 126.50 128.35 128.35 125.15 16.82 175.00 24.85 12 127.00 MEP Infra 20.70 22.65 20.50 22.75 20.50 948.33 28.45 12.16 - 22.70
Arshiya [2] 29.05 28.60 29.80 29.80 28.50 46.87 42.70 10.58 - 28.65 B
Dynamatic 3175.85 3026.85 3238.70 3317.00 2991.00 146.50 3447.85 650.45 52 3031.05 Metrpolhelth[2] 3072.90 3077.45 3094.00 3094.00 3029.00 119.56 3230.00 1687.25 65 3075.45
Arss Infra 30.95 29.45 31.80 31.80 29.45 67.46 37.40 11.60 - 29.95 H
DynemicProd 551.55 561.60 555.90 576.90 555.10 68.29 624.00 198.00 21 560.45 MFL 29.15 29.35 29.15 29.90 29.15 114.59 24.70 12.15 - -
ArtemsMedSvc 379.15 370.95 388.80 393.35 367.10 16.79 407.95 135.00 - -
Minda Corp [2] 126.60 126.90 128.95 128.95 126.40 374.68 148.00 64.90 27 126.75
Arvind 97.85 95.70 98.10 98.30 95.30 754.86 115.50 28.70 12 95.75 R Minda Ind [2] 698.90 704.80 702.40 713.75 697.55 285.86 832.60 302.20 104 705.65
ArvindFash [4] 265.65 254.10 265.00 267.70 250.00 670.07 294.65 117.17 - 254.20 E ................................................ R MindTec(Ind) 90.35 88.40 92.30 92.30 86.75 52.95 133.70 26.25 27 89.10
ArvindSmart 150.25 147.05 151.00 151.00 145.75 155.46 154.60 81.25 17 147.30 EasyTripPlnr 523.00 519.05 527.40 533.40 517.00 1102.70 533.40 161.00 - - P MindTree 3935.05 3936.00 3942.50 3964.00 3890.20 858.86 3965.15 1174.05 52 3937.90
Asahi India [1] 377.85 377.00 377.85 384.00 375.05 52.34 408.35 200.00 39 377.45 EdelFinSer [1] 80.80 80.95 81.55 82.50 80.05 1572.37 100.80 50.00 8 80.90 P Mirza [2] 59.10 59.15 59.60 60.20 58.80 330.02 69.35 42.95 17 59.10
Asahi Song 360.55 354.30 369.75 369.75 352.25 29.63 442.65 192.95 14 352.85 EicherMotor [1] 2805.00 2820.30 2818.80 2870.00 2809.65 672.70 3035.50 2016.00 49 2819.80 m m MishDhatuNig 185.70 188.50 186.60 189.80 186.20 306.92 221.80 172.90 19 188.50
Ashapura [2] 134.75 128.05 128.05 133.45 128.05 246.63 176.30 70.05 20 127.55 EID Parry [1] 426.80 422.00 428.65 429.00 415.25 401.24 470.35 259.60 29 422.45 C MittalLifSty 10.60 10.30 10.80 10.80 10.05 63.43 28.45 8.25 - -
Ashiana [2] 188.55 189.45 188.55 193.65 183.00 222.49 197.80 67.10 - 189.15 EIH [2] 109.75 109.75 110.60 111.60 108.60 482.13 122.60 72.45 - 109.65 R m MM Forg 826.95 826.40 829.85 833.00 809.00 13.59 833.00 257.20 26 822.20
Ashima 18.30 18.05 18.65 18.65 17.95 20.91 21.50 6.51 - 18.00 EIH A Htl 332.60 339.95 335.00 342.00 329.35 21.19 405.95 207.35 - 340.00 C MMPIndustris 165.75 168.10 171.45 172.00 166.00 35.20 196.00 68.00 - -
Ashok Ley [1] 123.30 124.85 124.00 125.45 123.7011681.49 143.25 66.00 - 124.90 Eimco 413.30 414.95 417.95 428.25 406.40 7.66 539.75 290.00 30 415.40 MMTC [1] 45.90 46.00 45.90 46.80 45.85 1277.88 63.95 15.75 - 45.95
Ashoka Bld [5] 103.50 102.25 104.45 105.00 102.00 1130.55 118.65 59.90 6 102.30 Elec. Eng [2] 176.55 176.05 177.55 179.05 174.00 562.10 185.95 21.50 25 175.95 M ModisonMetal 74.70 74.40 72.50 75.45 72.50 43.18 97.25 52.05 - -
Asian Gran 160.80 159.35 161.90 162.85 157.20 645.53 268.76 116.00 15 158.70 Elec.Stl.Cs [1] 40.85 39.90 41.20 41.50 39.15 1116.58 44.20 15.79 16 39.80 G MOIL 162.40 168.40 163.00 170.00 163.00 616.97 208.00 119.00 17 168.15
Asian Htl-E 190.90 189.35 186.80 195.75 185.40 3.84 239.00 126.00 - 188.90 Electrotherm 129.00 128.25 129.00 130.45 126.10 12.86 197.90 88.25 - 128.55 w MokshOrnamnt 36.80 37.00 37.50 37.65 36.60 840.59 123.85 24.00 - -
Asian Htl-N 84.80 87.50 85.80 88.00 84.00 14.19 105.80 44.25 - 86.80 Elgi Eqp [1] 198.70 198.40 198.65 202.00 198.00 96.53 244.00 103.40 46 198.30 BK Mold-TekPac[5] 521.60 577.60 528.70 598.00 523.05 598.30 596.70 250.00 27 578.40
Asian Htl-W 276.70 276.75 276.70 282.00 273.80 3.72 344.95 179.00 - 275.85 Elgi Rbr 38.55 38.75 39.50 39.50 38.50 22.94 46.50 15.30 - - w Monte Carlo 369.45 371.85 370.05 378.10 370.05 82.40 389.35 155.00 11 373.25
Asian Paints [1] 3367.05 3362.50 3384.90 3388.60 3356.85 569.41 3393.70 1908.30 95 3361.85 Emami [1] 591.05 594.50 591.65 607.95 589.95 538.27 621.35 334.35 53 594.15 N O Morarj.Tex [7] 16.70 16.45 16.95 17.40 16.40 15.64 23.45 7.86 - 16.70
Aspinwall&Co 181.90 190.90 182.10 196.00 171.95 28.77 268.30 93.75 - - EmamiPapMi [2] 166.30 165.75 167.00 168.70 165.25 76.37 214.90 60.60 18 165.75 m Morepan [2] 58.75 60.65 59.25 61.90 59.10 4359.62 75.00 22.30 32 60.65
AssoAlchohol 443.20 443.60 444.00 448.85 440.80 68.25 516.00 236.65 - - EmamiRealty[2] 67.60 69.15 67.55 70.95 65.55 139.98 87.50 33.00 55 69.00 N O DG Most.Fin [1] 767.90 786.50 770.25 789.00 770.25 347.91 1188.00 538.50 15 787.25
Aster Life 1335.15 1361.30 1347.00 1398.00 1337.50 31.60 1528.00 908.55 43 1362.45 Emkay Glo 118.65 118.45 118.10 119.50 118.10 44.40 139.80 48.00 22 118.45 Mot.Gen.Fin [5] 26.40 26.35 26.95 27.30 26.00 8.19 30.40 13.92 - 26.55
AsterDMHealt 229.35 233.85 232.45 237.00 230.60 3336.51 237.25 120.80 - 233.60 Emmbi Ind 101.75 103.65 101.90 106.15 101.80 55.15 125.00 67.50 16 103.35 Moth.Sumi [1] 213.25 221.95 215.00 223.30 213.2511348.59 273.00 102.35 83 221.95
Astra Mic [2] 173.35 170.75 174.80 174.80 169.10 466.65 187.40 101.95 43 170.85 EnduranceTec 1604.50 1592.05 1612.00 1645.25 1583.00 122.06 1820.05 976.00 44 1589.15 MphasiS 3000.20 3055.45 3015.00 3067.00 2984.00 559.67 3072.30 1142.55 47 3056.50
Astral Poly [1] 2135.60 2107.05 2157.00 2157.00 2098.00 262.78 2294.45 770.03 112 2107.65 Energy Dev 9.45 9.25 9.30 9.60 9.05 89.34 16.80 4.50 - 9.22 MPS 698.60 687.75 704.00 704.45 682.00 15.26 805.00 340.50 19 687.20
AstraZen [2] 3101.00 3136.60 3101.00 3142.00 3101.00 13.88 4900.00 3000.00 92 3135.60 Eng.India [5] 72.60 73.00 72.85 73.50 72.65 1225.57 93.60 60.50 15 73.10 W MRF 80243.60 80423.85 80230.00 80847.05 80052.05 9.96 98575.90 55360.35 24 80403.35
AstronPaper 59.65 58.85 59.95 61.40 58.40 140.92 74.40 35.00 30 58.90 Ent.Net.Ind 210.05 206.30 211.75 211.80 205.50 62.50 226.95 137.00 - 206.50 Mro-Tek [5] 44.15 48.55 48.55 48.55 44.20 78.82 56.40 18.75 1 51.85
Atul 9558.95 9850.25 9605.00 9898.00 9605.00 35.97 9898.00 5755.00 44 9834.95 EPL 238.85 242.50 240.60 252.80 239.20 352.07 307.00 202.00 - - D MRPL 43.15 43.30 43.30 43.65 43.20 747.20 56.60 25.00 38 43.30
Atul Auto [5] 197.35 199.85 198.00 203.00 197.05 133.28 237.00 151.25 - 200.05 EqitsSmlFnBk 59.95 60.85 60.25 61.25 59.60 615.63 76.80 30.05 - - MrsBectrFood 412.70 422.90 425.00 427.95 418.25 638.81 624.00 328.40 - -
AurobindoPh [1] 736.15 748.05 736.15 750.90 733.60 2377.91 1063.75 660.10 17 748.10 Equitas Hold 128.40 127.80 129.60 130.55 127.05 488.13 138.40 40.35 30 127.65 G A MSP Stl 9.90 9.85 9.90 10.15 9.80 66.56 13.35 5.86 - 9.89
AUSmallFinBk 1150.40 1134.00 1150.00 1166.95 1124.05 1845.71 1389.00 616.30 30 1134.05 ErisLifeSci [1] 760.50 761.25 764.35 769.05 755.00 53.49 818.60 477.00 28 761.10 MSTC 318.10 313.25 320.30 324.70 310.60 959.47 400.00 142.45 - -
Auto Axl 1230.35 1218.75 1234.05 1237.95 1215.00 11.39 1565.00 647.00 36 1218.40 Eros Intl 16.80 17.60 16.90 17.60 16.50 985.63 36.95 16.35 - 17.60 OC MT Edu 7.85 8.60 7.95 8.60 7.80 809.41 13.94 6.22 - 8.61
Autoline 54.75 57.45 55.00 57.45 54.15 28.03 79.35 25.65 - 57.25 Esab Ind 2234.75 2231.15 2275.00 2285.25 2194.05 408.47 2350.00 1290.00 47 2230.15 O C m MTARTech 1406.30 1419.65 1425.00 1435.00 1411.60 230.03 1563.95 860.00 - -
AvadSug&Egy 414.70 434.15 415.90 444.80 414.45 134.56 548.55 155.00 10 429.80 Escorts 1378.85 1466.00 1382.00 1478.00 1377.55 4243.24 1477.15 1100.10 20 1469.80 PCA MTNL 18.25 18.60 18.25 19.45 18.25 2638.13 24.40 7.79 - 18.60
Avanti Feeds [1] 564.45 564.45 565.05 577.85 561.00 239.60 675.00 411.85 26 563.20 ESI [2] 3.90 3.80 3.95 3.95 3.80 41.60 5.19 0.91 - 3.83 P N Mukta Ar [5] 37.90 37.70 38.50 38.50 37.65 10.75 42.30 24.20 15 37.90
AvenuSupmart 3961.85 3979.70 3970.00 4000.00 3964.90 203.69 4012.70 1949.30 210 3979.95 Essar Shp 10.05 10.05 10.05 10.20 9.90 57.35 13.31 7.05 - 10.06 RB Munj.Auto [2] 56.60 57.75 56.75 58.50 56.75 108.53 72.80 47.60 18 57.75
AVT Natl [1] 76.05 80.75 76.55 82.40 76.55 1186.85 84.60 41.10 25 80.80 Ester [5] 147.30 152.50 149.45 156.75 148.15 723.40 164.60 71.00 8 152.20 Munj.Showa [2] 133.60 134.15 133.60 135.65 133.05 36.91 176.45 114.05 17 134.20
Axis Bank [2] 788.35 794.40 791.00 801.00 790.00 6301.21 819.00 400.00 32 794.50 Ever.Kanto [2] 127.40 128.70 129.80 133.45 127.50 591.86 162.30 26.00 11 128.65 H Murd.Cera 25.40 25.65 25.60 26.00 25.30 70.32 33.45 13.85 - 25.65
AxisCades [5] 69.25 72.70 69.80 72.70 69.80 59.02 105.50 39.50 - 72.70 Everady [5] 327.90 338.95 331.95 346.95 329.75 750.20 403.45 128.20 8 338.95 C
AYM Syntex 99.70 97.75 98.55 101.65 97.35 33.40 106.85 23.55 12 97.65 MusicBrdcast 23.05 23.55 23.10 24.10 23.05 857.94 29.60 17.20 - -
Everest Ind 442.30 446.20 442.30 453.10 442.30 39.17 534.00 193.35 12 446.30 DC m Muthoot Cap 397.95 399.55 396.70 402.65 396.70 25.20 495.50 351.30 28 399.05
Excel Ind [5] 1070.95 1092.75 1076.50 1119.00 1076.50 25.00 1289.00 776.95 16 1092.80 DC MuthootFinan 1544.55 1542.40 1550.00 1560.00 1537.60 289.30 1638.50 1000.00 16 1542.20
B ................................................ Exide [1] 184.05 182.60 184.20 185.15 182.00 4346.19 220.60 153.90 18 182.75
ExxaroTiles 154.05 155.85 155.90 162.45 154.25 1800.96 162.45 128.90 - - VP
BafnaPharma
BAG Films [2]
129.80
2.75
130.80
2.85
131.50
2.85
133.40
2.85
127.25
2.85
3.10
14.47
196.10
4.35
110.00
1.92
-
-
-
2.96 MO N................................................
Bajaj Auto 3699.55 3751.05 3717.40 3767.00 3690.00 741.88 4361.20 2823.35 21 3750.15 F ................................................ NACLInd [1] 71.05 71.95 71.80 72.40 70.65 65.69 89.15 33.30 24 72.05
Bajaj Elect [2] 1323.90 1381.00 1335.00 1389.80 1325.45 327.82 1389.95 441.90 77 1381.50 FACT 125.35 126.05 126.25 128.00 125.20 107.45 153.00 39.15 20 125.90 J Nagrk.Cap [5]
Nah.Cap [5]
7.35
268.20
7.70
274.35
7.70
268.20
7.70
279.00
7.70
268.20
7.70
15.68
8.75
425.00
5.02
53.10
- 7.74
16 273.70
Bajaj Hld 4281.40 4282.20 4329.95 4329.95 4258.85 10.44 4399.95 2219.00 233 4279.70 FaircheOrgan 1903.70 1880.30 1925.00 1929.60 1872.00 11.51 2155.00 580.30 - - &K B
BajajConCare[1] 259.15 262.35 262.00 265.00 260.40 700.92 323.50 163.70 18 262.40 Nah.Poly [5] 230.30 248.95 231.00 253.00 230.95 172.59 319.75 55.65 11 250.40
FDC [1] 369.20 363.60 370.00 371.90 361.50 249.64 404.90 260.00 20 363.30 NakodaGroup 97.45 102.20 101.00 102.30 99.45 535.59 102.30 58.65 - -
BajajFin [2] 7445.55 7417.55 7480.00 7530.00 7408.00 719.26 7670.00 3008.85 114 7417.95 Fed Bk [2] 82.10 82.35 82.50 82.90 81.95 5706.19 92.40 45.40 11 82.30 P
BajajFinserv [5] 16938.20 16831.25 17000.00 17040.00 16795.80 159.23 17256.95 5401.00 1504 16833.65 NALCO [5] 100.75 98.15 100.95 101.20 97.9019119.76 102.30 29.15 11 98.20
Fed.Goetze 287.10 289.10 289.95 290.50 286.50 45.19 470.00 247.85 21 288.95 C Nalwa Son 1671.75 1677.25 1664.85 1714.65 1663.05 0.74 2165.55 673.20 24 1691.00
Bal Phr 97.55 98.20 99.55 99.55 96.15 28.17 137.95 41.60 15 98.10 Fiem Ind 1186.50 1175.30 1194.25 1223.00 1150.00 116.81 1223.90 470.35 18 1174.25 B
Balaji Amn [2] 4645.35 4974.80 4735.00 5005.00 4675.00 329.74 5017.85 744.00 58 4988.30 Nandan Den 77.15 76.65 77.00 78.65 76.05 35.70 90.00 18.25 34 77.40
Filatex [2] 105.85 108.55 106.00 110.25 106.00 3495.49 117.75 22.50 10 108.60 DVR NandaniCreat 59.15 57.70 62.10 62.10 56.40 316.10 75.95 53.55 - -
Balaji Tele [2] 61.05 62.85 61.65 63.70 61.50 433.98 84.00 51.00 30 62.60 Fin.Cable [2] 514.25 523.20 517.40 531.00 506.85 519.67 557.05 257.25 26 523.05
BalaxiVentre 557.20 554.25 557.20 565.00 551.70 1.69 750.00 500.00 - - NarayaHru 526.50 545.05 533.90 562.00 532.00 1475.86 566.00 298.35 - 546.65
FineOrgInd [5] 3174.25 3219.65 3192.00 3246.65 3156.70 38.99 3565.25 2130.00 81 3203.35 m A Natco Phr [2] 970.60 975.65 979.00 979.00 964.00 81.76 1188.95 765.10 69 974.85
Balkrishna [2] 2448.60 2472.50 2460.00 2502.95 2435.60 289.10 2558.15 1251.00 35 2472.55 FineotexChe [2] 124.85 125.75 126.50 129.70 122.60 2295.41 133.40 29.15 38 125.50
BalmerLaw 135.10 135.85 136.00 136.40 135.00 376.61 170.95 95.00 16 135.85 Nath Bio-Gen 333.40 333.10 336.00 337.95 332.15 24.78 474.70 246.65 11 333.50
Fino.Ind [2] 181.95 184.95 180.90 186.00 180.25 1628.93 198.90 97.60 14 184.85 B Natl Build [1] 43.20 45.25 43.40 45.50 43.30 9944.92 59.80 22.25 37 45.30
Balrampur [1] 365.65 360.10 367.30 368.55 359.00 795.24 387.10 140.00 18 360.15 Firstsource 202.20 202.65 203.80 206.40 200.25 4963.57 242.65 61.00 35 202.60 A
Ban.Amn.Spg[5] 64.75 62.45 62.10 64.50 62.00 174.07 72.89 25.17 16 62.35 Natl Fert 54.10 55.15 54.55 56.20 54.25 845.82 73.75 29.85 20 55.15
Flexituff 15.05 14.95 15.45 15.45 14.75 23.66 28.90 8.64 - 14.90 N Natl Stl 4.00 4.05 4.10 4.10 4.00 22.28 6.02 2.52 - 4.00
Ban.Amn.Sug 1794.40 1797.45 1769.65 1820.00 1755.10 2.49 2160.00 1265.00 27 1791.20 ForceMotors 1410.95 1463.35 1417.95 1480.00 1416.25 132.44 1707.00 1001.00 - -
Banar.Beads 67.15 66.00 68.60 68.60 65.70 14.05 100.00 44.20 21 66.40 Nava.B.Ve [2] 114.90 115.55 115.10 117.40 115.05 462.09 133.00 46.55 10 115.50
Fortis Hlt 272.30 277.35 273.00 280.30 273.00 2576.39 304.00 123.30 - 277.25 Navin Flu [2] 4019.85 4008.10 4042.90 4058.00 3985.05 99.84 4212.50 1917.40 78 4005.20
Banco Ind [2] 208.60 206.05 209.90 213.15 200.65 369.80 225.00 83.50 16 205.85 Foseco 1510.85 1500.50 1511.00 1528.00 1493.00 3.75 1790.00 1105.30 34 1497.60 BC m
BandhanBank 283.95 284.35 284.55 287.50 283.50 3308.34 430.25 251.40 23 284.30 Navkar Corp 42.90 43.15 43.10 43.55 43.00 218.28 54.70 24.00 16 43.05
Fut. Life [2] 52.70 51.50 51.25 52.50 51.25 171.11 109.55 46.60 - 51.65 BM A Navneet Ed [2] 100.60 102.05 101.00 103.30 100.55 192.49 107.35 72.30 42 102.05
BankofBarod[2] 78.25 78.65 78.70 79.05 78.1012162.78 99.80 39.50 14 78.65 Fut. Mkt 8.95 8.95 9.15 9.15 8.80 168.66 25.40 7.50 - 8.89 H
Bans.Syn 177.15 175.35 181.00 181.00 175.00 6.22 255.85 66.10 10 175.60 NazaraTech 1925.90 2035.25 1930.00 2088.85 1930.00 1578.09 2088.85 1432.00 - -
FutEntpDVR [2] 11.90 11.85 11.90 12.20 11.65 52.30 17.75 9.46 1 11.85 P NBI.IndFinCo 2809.60 2779.40 2762.35 2815.10 2762.35 0.10 3200.00 1326.00 - -
BarbequeNatn 1126.20 1130.60 1132.00 1182.00 1117.80 148.25 1268.25 481.85 - - Future Cons 7.50 7.55 7.55 7.70 7.50 7704.82 11.95 5.85 - - D
BASF 3420.45 3404.95 3434.45 3471.75 3400.00 47.42 3926.95 1319.40 32 3407.50 NCC [2] 77.95 79.85 78.60 81.00 78.55 3175.66 100.00 29.55 16 79.85
FutureEntp [2] 8.85 9.10 9.00 9.25 8.80 619.95 16.45 7.61 - 9.03 P NCL Ind 237.95 241.35 238.50 243.75 238.15 74.26 304.80 99.00 7 241.25
Bata India [5] 1768.90 1793.60 1778.00 1799.95 1769.50 366.41 1816.80 1261.10 - 1792.10 FutureRetail [2] 48.30 47.30 47.95 48.45 46.80 2828.27 109.00 40.60 - 47.35 P
Bayer Crop 5471.40 5466.15 5525.00 5525.00 5443.00 9.05 6550.00 4928.25 50 5471.05 NDTV [4] 72.95 73.75 73.90 74.95 72.85 25.85 85.85 27.20 10 73.70
FuturSuplyCh 71.20 73.60 71.50 75.00 71.50 84.24 127.00 59.35 - 72.95 w
BCLIndust 240.05 240.10 241.60 247.75 239.00 83.01 289.70 98.00 - - NECaryCorp 20.20 20.40 20.50 20.75 20.00 1108.39 21.00 6.65 19 20.45
&P
Nect.Life [1] 29.10 29.60 29.20 30.20 29.15 277.09 48.40 16.20 - 29.70
BCPowerCon[2]
Beardsell [2]
3.60
13.45
3.70
13.90
3.70
13.75
3.75
14.10
3.60 171.06
13.35 8.34
8.65
18.85
2.89
7.55
- 3.65
12 13.91
G ................................................ W
Nelcast [2] 89.25 90.35 90.40 91.50 89.00 158.02 100.00 50.00 40 90.60
Gabriel [1] 142.10 140.50 142.90 143.00 140.00 601.65 162.70 90.75 21 140.45 H
Bedmutha 38.55 38.00 38.20 39.60 37.55 19.27 43.05 16.60 - 38.55 Nelco 541.20 536.20 544.00 559.00 534.00 171.65 593.65 174.00 92 535.60
Gail(India) 145.90 156.00 147.20 156.65 147.2036317.28 170.00 81.25 11 155.95 KC m
BEL [1] 196.50 202.40 195.45 204.00 194.70 9670.11 204.00 86.35 24 202.45 NeogenChem 1164.80 1158.20 1178.30 1187.80 1146.75 66.37 1239.90 595.00 - -
GalaxSurfact 3226.15 3515.35 3250.00 3575.20 3226.20 404.24 3600.00 1605.00 69 3520.90 K C m
BEML 1342.60 1433.45 1348.70 1443.00 1343.75 1551.01 1544.25 584.20 52 1433.45 Nesco [2] 596.15 594.90 597.25 604.65 590.60 46.45 697.00 463.50 26 593.55
Gallant Isp [1] 58.55 57.65 58.90 59.80 56.60 55.57 69.90 26.25 14 57.55 KP
BergrPaintIn [1] 839.30 834.85 844.00 847.00 833.60 504.69 872.00 550.60 104 834.65 NestleIndia 20452.25 20230.45 20450.00 20609.15 20180.00 59.19 20599.95 15104.25 88 20232.20
Gallant Mtl 74.50 72.65 75.95 76.00 72.40 45.85 88.00 28.90 8 72.60 K
BestAgrolife 813.10 781.80 821.00 823.15 772.45 90.22 848.80 202.35 - - Netwk 18 [5] 50.80 54.20 51.75 54.50 51.20 7168.98 58.40 31.10 - 54.20
Gandhi Tub [5] 456.55 462.80 457.95 471.40 451.70 20.43 557.85 193.45 14 461.45 m
BF Inv [5] 361.45 364.45 363.70 378.90 362.50 40.90 445.95 255.05 73 365.20 Neuland 1722.15 1731.35 1786.00 1786.00 1701.00 21.40 2840.00 956.00 30 1730.55
Ganesh Hsg 162.70 165.95 164.50 171.00 163.15 146.40 171.00 23.80 - 166.00 M
BF Util [5] 414.70 420.05 416.90 426.85 416.90 132.10 538.95 216.00 - 421.25 Next Media 4.45 4.60 4.30 4.75 4.30 31.42 7.10 3.50 - -
Ganesha Ecos 504.05 500.20 514.70 514.70 497.15 31.53 687.70 239.00 18 500.75 MC P
BGR Engy 61.10 62.00 61.50 63.50 60.75 220.41 76.60 31.10 - 61.70 NHPC 27.60 27.60 27.60 27.70 27.30 3118.14 28.55 19.65 8 27.55
GangaForging 15.05 15.30 15.40 15.80 15.15 1233.20 147.25 14.90 - - M A
Bhageria Ind [5] 252.95 251.95 250.50 255.60 249.25 35.07 296.80 124.00 16 253.05 NIIT [2] 317.05 315.25 317.80 323.80 311.10 688.64 351.30 122.15 80 314.95
GangesSecu 91.25 90.75 90.55 92.00 88.80 10.34 105.00 37.40 20 92.10 Nila Infras [1] 5.50 5.45 5.55 5.65 5.45 343.85 8.26 3.60 - 5.50
BhagngrInd [2] 51.95 52.15 52.55 54.75 51.45 112.41 65.00 16.00 - 51.95 GardenReach 193.85 192.25 195.35 195.40 191.05 124.93 227.05 166.05 11 192.15 C H
BhagyangrPr [2] 29.50 30.85 29.65 31.50 29.60 49.46 34.10 18.25 - 30.25 Nilkamal 2786.55 2757.85 2797.70 2805.65 2731.40 8.44 3174.00 1223.00 31 2755.60
GarwarTecFib 3465.00 3427.90 3480.00 3480.00 3402.10 15.77 3640.50 1736.95 42 3424.15 P Pw
BhandariHos [1] 2.80 2.90 2.90 2.90 2.80 423.53 4.78 0.99 - 2.91 Nippo Bat 1030.70 1034.35 1032.00 1047.05 1025.00 6.15 1282.45 503.30 12 1034.15
Gati [2] 141.45 140.85 142.40 142.70 139.90 486.29 179.70 43.70 - 140.85 NipponLIAM 436.80 437.85 439.95 442.35 434.30 916.60 450.60 249.00 - -
Bhans.Eng [1] 181.60 181.30 182.55 184.70 180.50 657.18 209.50 56.60 7 181.25 Gayt. Proj [2] 56.40 58.70 56.95 59.95 56.05 5513.40 59.90 16.25 12 58.75 WH
Bharat Bij 1375.60 1386.90 1395.00 1409.45 1356.00 17.83 1522.90 650.00 16 1387.10 NirajCement 43.45 43.35 44.65 44.65 43.25 3.82 55.90 34.80 - -
GE Ship 363.10 367.75 368.80 375.50 364.75 980.86 477.00 210.85 10 367.90 W
Bharat For [2] 774.50 780.05 776.00 791.85 774.00 2152.45 846.60 427.95 62 779.70 Nitco 22.55 22.25 23.00 23.00 22.10 64.69 33.90 16.20 - 22.35
GE T&DInd 131.75 134.35 132.70 135.60 132.00 181.19 153.80 80.00 - - W
Bharat Gea 150.20 148.75 151.00 153.90 148.05 74.92 155.30 42.55 12 149.00 K NitirajEngg 45.25 46.00 46.90 46.90 44.55 0.98 66.00 38.20 - -
Geecee 145.35 145.40 146.00 148.10 145.05 8.24 191.50 60.10 23 145.50 NLC India 53.40 53.70 53.45 54.45 53.00 2255.40 73.90 46.25 8 53.70
Bharat Ras 12824.20 12798.70 12839.90 13047.95 12705.00 2.43 15100.00 8478.90 34 12820.20 GeewayWires 86.20 86.10 85.00 87.45 85.00 2.16 112.90 69.95 - -
BharatDynamc 386.45 394.00 390.00 396.70 390.00 447.68 428.90 280.70 23 394.10 P NMDC Ltd [1] 151.55 151.90 152.10 153.70 151.10 7857.86 213.15 75.60 5 151.95
Genesys [5] 147.20 146.60 146.45 148.90 143.30 16.02 188.65 41.40 44 147.00 Nocil 290.55 293.00 292.00 295.75 287.50 1550.75 297.00 117.65 40 293.00
BharatRdNwk 30.25 30.20 30.25 31.45 30.00 75.55 41.40 26.35 - 30.10 GenInsCorpIn[5] 144.15 147.95 144.70 150.30 144.55 1928.83 243.70 116.00 15 147.90
Bharti Air [5] 693.30 694.20 695.00 699.70 689.1011479.08 699.70 394.05 - 694.10 Noida Toll 5.80 5.95 5.90 6.05 5.80 60.45 8.70 3.12 - 5.89
GenricEngCon 45.80 45.05 47.90 47.90 44.20 69.66 68.00 40.80 - - Norben 6.80 6.60 6.30 6.60 6.30 4.55 15.70 4.90 - -
Bharti Infr 213.60 212.60 220.00 220.00 210.05 1.78 265.95 130.00 13 210.00 Genus Pwr [1] 67.65 67.75 68.40 69.40 67.40 833.64 82.00 24.60 32 67.65 M
BHEL [2] 55.15 58.00 55.40 58.50 55.2059747.45 79.50 26.75 - 58.10 m N w NovartisInd 835.80 851.75 849.70 862.00 836.00 23.99 1098.00 756.00 - -
GeojitFinSer 79.25 79.15 79.55 80.45 78.95 256.19 102.70 34.95 - - NRAgarwalInd 318.25 329.00 318.10 334.00 318.10 41.25 361.15 171.50 - -
BigBlocConst 112.60 112.40 115.00 115.55 112.00 6.16 176.65 43.20 49 111.95 GEPowerIndia 318.10 318.30 315.10 320.30 315.10 48.90 501.75 177.35 - 318.35 D
Biocon [5] 353.60 355.70 355.00 356.40 353.00 1174.01 487.70 327.75 190 355.70 NRB Bear [2] 140.80 140.15 141.25 141.70 139.25 190.36 154.10 66.20 19 140.00
GFL 64.55 73.25 65.30 74.90 64.00 923.18 118.00 60.50 - - NRB Ind [2] 19.95 19.50 20.00 20.00 19.45 3.80 27.00 5.15 - 19.15
BioflChm&Pha 63.20 63.15 63.85 63.85 62.85 15.80 352.45 41.00 - 63.15 GHCL 382.25 385.55 382.00 390.40 376.25 670.49 401.75 141.15 9 384.60 NTPC 115.00 115.90 115.25 116.15 114.80 7369.29 122.00 78.10 8 115.90
BirlaCorp
Birlasoft
1328.70
408.75
1323.75
408.90
1336.70
410.50
1348.00
411.30
1307.00 70.25
408.00 1208.78
1560.00
441.30
590.05
165.55
21 1322.40
- -
GIC Hsg 155.55 156.35 156.40 158.40 155.65 232.54 202.50 89.00 5 156.45 K Nucleas Sw 536.70 536.90 545.00 550.00 530.15 74.77 765.35 476.00 19 538.00
Gillette 6145.50 6051.70 6155.00 6174.90 6025.15 8.08 6730.15 5011.00 64 6051.05 K NURECA 1632.45 1646.25 1623.00 1663.50 1623.00 6.60 1996.85 555.60 - -
BirlaTyres 24.55 24.70 25.00 25.00 24.50 140.45 43.05 18.50 - - Ginni Fil 35.55 36.05 37.70 38.50 35.25 511.16 42.20 10.75 6 35.95 K C
Bk of Ind 56.20 56.10 56.30 56.70 55.95 5561.61 101.45 38.20 11 56.05 NuvocoVistas 544.80 552.05 542.55 555.50 542.55 482.53 577.90 485.00 - -
GKW 675.75 671.70 692.35 692.35 667.10 0.24 854.90 413.00 - - K C m Nxtdigital 418.65 418.25 424.00 427.75 412.55 6.34 698.00 390.60 - -
Bk of Mah 18.05 18.20 18.10 18.50 18.10 3943.89 31.95 10.55 - 18.25 GlandPharma 3810.00 3812.35 3821.00 3863.35 3795.05 179.02 4350.00 1700.00 - - K Pw
BL Kash [1] 24.20 24.70 24.35 25.00 23.95 159.44 29.95 5.00 - 24.65
BLB [1] 10.00 9.95 10.25 10.50 9.70 124.53 15.34 4.46 - 9.91
Glaxo Phr
Glb.Vect
1538.60
51.35
1562.70
53.55
1545.00
51.40
1584.45
53.80
1530.00
51.00
81.50
13.92
1805.00
72.50
1379.00
36.20
63
-
1560.90
53.65
K
K
O................................................
Bliss GVS [1] 110.45 110.65 111.00 113.15 110.30 296.10 224.00 91.50 16 110.75 Glenmark [1] 518.70 531.55 520.30 533.65 520.00 1123.98 690.60 441.65 9 531.55 K w Oberoi 758.80 770.60 760.80 784.50 759.15 659.52 825.05 370.30 65 769.60
BLSIntlServ [1] 244.40 251.25 247.20 260.00 244.00 1780.53 260.00 71.35 - 251.30 GlnmarkLifSc 664.40 687.25 670.20 691.35 667.10 419.07 799.00 659.00 - - K m H OdishaCeme [2] 2409.40 2447.85 2425.00 2548.40 2415.15 569.93 2547.20 693.30 1579 2458.30
Blue Dart 6379.80 6379.45 6417.00 6456.00 6340.05 23.00 6519.20 2400.00 56 6379.05 GlobalEductn 44.65 44.40 45.95 45.95 43.80 2.81 77.50 35.50 - - K m Oil India 193.35 198.40 194.40 200.70 194.35 1317.15 200.75 83.10 8 198.45
BlueStar [2] 846.10 852.05 848.00 859.45 841.60 70.19 1025.00 601.10 78 851.40 GM Brew 576.05 581.70 581.20 593.00 578.45 41.81 654.00 369.60 12 581.40 K C m Omaxe 75.75 73.60 76.00 76.85 73.20 282.65 98.60 56.00 - 73.50
Bodal Chem [2] 108.00 109.55 108.60 113.00 108.10 857.25 128.10 59.40 14 109.55 GMDC [2] 68.85 69.10 69.35 71.10 68.90 1154.83 83.30 41.00 8 69.15 K P OMDC [1] 2983.30 2932.60 2990.00 3013.30 2899.85 21.33 3800.00 1865.00 - 2931.60
Bomay Bur [2] 1198.85 1204.60 1201.00 1217.20 1198.00 71.80 1481.70 1083.00 - 1203.35 GMMPfauder [2] 4421.90 4424.50 4422.25 4480.25 4402.00 15.82 5965.00 3316.00 62 4428.35 K N OmInfraLtd 28.40 28.50 28.85 28.85 28.35 74.54 38.75 15.40 - -
Bombay Dye [2] 96.20 96.00 96.45 97.80 95.55 2348.01 112.75 60.40 - 96.10 GMR Inf [1] 30.00 30.00 30.20 30.30 29.80 4332.41 33.90 20.70 - 29.90 K C Omkar Spl 18.05 17.85 18.75 18.80 17.60 78.97 23.35 4.74 - 17.75
BOROSIL 238.75 227.75 239.75 246.70 226.10 986.79 254.00 152.10 - - GNA Axles 813.90 813.95 820.00 825.00 805.00 75.08 834.00 205.05 16 814.20 K B ONGC [5] 123.05 123.95 123.30 125.40 122.8016593.68 128.45 64.15 11 123.90
BorosilRenew 323.85 323.25 335.00 337.00 312.20 723.58 337.00 67.50 - - GNFC 337.20 339.85 338.10 344.35 337.70 621.82 425.00 183.25 6 339.45 K OnMobile 115.45 115.85 116.75 118.30 115.50 439.02 154.35 38.55 71 115.80
Bosch 14566.10 14569.00 14585.00 14720.00 14500.00 24.24 16900.00 11322.00 33 14565.25 Goa Carb 379.90 376.95 379.90 382.60 372.00 19.95 482.20 185.40 - 375.50 K Onward Te 228.55 229.80 234.45 235.05 228.35 19.12 283.80 57.60 41 230.30
BPCL 498.10 493.10 501.00 503.00 490.5012091.39 503.00 324.90 8 493.00 GOCL Corp [2] 263.75 269.50 266.00 274.95 263.65 48.45 315.00 169.00 25 270.65 K OracleFinSer [5] 4856.05 4832.90 4889.00 4899.95 4825.00 114.39 4918.00 2850.00 25 4833.15
Brigade 400.75 401.30 402.45 409.90 400.00 430.99 413.00 154.50 44 400.55 Godfrey [2] 977.65 997.25 975.20 1014.40 975.20 72.79 1110.00 831.85 12 996.90 KAYA Orbit Exp 76.25 76.10 76.90 78.00 75.05 20.57 99.40 52.00 36 75.50
Britannia [1] 4093.85 4101.50 4097.00 4153.00 4082.40 419.44 4152.05 3317.90 58 4101.65 Godrej Cons [1] 1121.25 1114.05 1123.30 1125.00 1110.30 506.21 1138.50 644.00 89 1114.10 KCP Oricon Enter [2] 31.30 32.85 31.30 32.85 31.10 220.49 37.45 17.10 - 33.00
Brooks Lab 136.40 136.65 137.40 141.30 135.00 101.04 152.25 38.65 - 136.85 Godrej Ind [1] 553.70 551.20 558.20 560.00 547.80 406.95 674.35 351.90 - 550.70 KCP Orient Bell 342.70 341.40 341.05 348.70 338.20 11.62 432.10 93.35 38 339.90
BSE 1228.05 1229.65 1235.55 1255.00 1221.20 597.65 1410.00 466.00 - - Godrej Pr [5] 1605.90 1615.80 1614.00 1629.00 1606.00 566.58 1697.80 821.05 - 1616.40 KDD Orient Cem [1] 163.30 163.80 163.50 167.45 163.50 968.12 173.40 56.25 12 163.85
BSL 65.55 64.80 66.50 66.90 64.50 44.01 75.80 22.20 7 64.95 GodrejAgrovt 654.30 645.90 652.65 655.50 640.10 125.22 746.80 469.70 43 645.10 K C Orient Grn 3.00 3.15 3.00 3.15 3.00 3173.67 3.75 1.67 - 3.17
BtrflyGandhi 838.90 839.95 838.90 858.00 838.90 72.37 923.85 209.50 33 840.55 Gokaldas [5] 207.95 206.35 208.50 213.00 204.45 144.69 236.00 55.00 32 206.25 K w& Orient Htls [1] 36.25 36.00 36.50 36.60 35.80 65.26 43.35 18.60 - 36.00
BurgrKng(In) 158.40 159.95 158.55 161.85 158.50 1537.67 213.80 108.40 - - Gokul Agro [2] 38.70 39.70 39.00 40.50 38.10 148.72 49.75 12.36 13 39.90 K Orient Pap [1] 30.20 30.25 30.45 30.60 30.15 726.55 33.85 15.65 - 30.25
Gokul Ref [2] 27.75 27.95 27.75 28.20 27.40 42.66 38.70 11.60 - 28.15 K Orient Pres 67.85 69.90 67.90 70.95 66.85 7.09 123.80 62.75 - 68.65
C ................................................ Gold.Tobac 92.05 92.00 89.30 96.00 89.00 46.96 127.20 19.35 14 91.90 K m Orient Tri
OrientAbr [1]
8.40
30.05
8.50
30.25
8.50
30.00
8.95
30.50
8.35
30.00
57.40
89.05
13.25
38.60
5.00
17.80
-
-
8.50
30.30
Cadila HC [1] 555.55 560.85 556.00 563.40 553.50 1244.19 673.70 358.10 36 560.75 Goldiam Int 1020.40 1018.20 1041.65 1070.00 1000.05 289.53 1074.00 114.80 50 1018.00 K m
Calif.SW 17.85 19.60 19.60 19.60 19.60 50.80 22.95 6.25 11 20.50 GoodLuck St [2] 308.35 310.25 309.00 323.75 306.00 499.34 331.05 35.75 18 310.25 K w C OrientalArmt 1010.35 1046.60 1035.85 1100.00 1021.00 185.73 1100.00 338.05 - -
Cambridge 54.55 57.25 54.65 57.25 54.65 31.34 97.70 22.90 42 57.50 GoodyearInd 1020.20 1025.90 1025.00 1039.65 1021.55 20.35 1331.85 990.00 - - K OrientalCar 1092.55 1142.05 1113.80 1150.00 1096.15 41.09 1321.00 719.05 13 1141.00
Camlin Fine [1] 171.85 174.25 172.65 178.40 171.30 722.59 230.80 87.10 - 173.70 GP Petrol [5] 54.65 55.20 55.00 56.05 54.70 57.39 77.60 29.20 19 55.25 K m OrientElect 337.05 357.95 342.00 360.00 342.00 1059.75 368.00 174.00 - -
Canara Bk 156.80 155.25 157.00 157.90 154.65 9677.27 174.40 82.25 8 155.25 GPTInfraProj 88.55 88.15 89.00 89.95 87.10 11.99 107.75 25.25 11 88.25 K OrtinLabs 28.35 28.70 29.50 29.55 28.20 42.18 52.25 21.40 - -
CanFinHom [2] 631.75 630.35 634.70 641.50 627.50 1204.65 652.30 380.25 18 629.85 Granuels [1] 323.85 335.60 325.00 337.40 324.05 2730.15 438.00 294.70 16 335.50 K C m& Oswal Chem 22.95 23.30 23.15 23.80 22.90 195.38 35.50 10.73 14 23.25
Cantabil 494.45 511.05 525.00 577.30 482.60 1143.84 577.85 300.00 55 509.65 Graphite [2] 636.85 633.85 640.00 645.00 632.10 232.45 815.35 163.05 34 632.70 K OswalAgroMil 17.30 18.15 17.60 18.15 17.20 515.83 19.95 8.15 - 18.16
CapaciteInfr 169.40 172.35 170.60 177.65 168.55 499.54 251.05 114.00 24 172.65 Grasim [2] 1606.35 1611.80 1610.00 1619.90 1594.00 1082.77 1620.00 676.00 62 1611.25 K &
CapitalTrust 99.45 109.35 102.60 109.35 102.55 98.61 153.85 50.00 - 108.90 Graur&WeilIn 61.40 64.40 62.00 65.00 62.00 339.61 67.95 53.50 - - K OC P ................................................
Caplin Point [2] 956.00 925.90 960.80 965.00 912.80 551.94 1034.00 402.00 42 926.80 Gravita [2] 203.90 204.50 205.00 211.75 203.50 898.30 218.55 41.35 37 204.55 K P&GHealth 5491.35 5501.05 5540.00 5550.00 5453.05 7.16 7500.00 4800.00 - -
CapriGlo [2] 501.75 503.45 501.75 506.00 501.45 21.64 578.70 200.00 60 502.25 GreenlaInd [5] 1427.00 1403.30 1420.00 1429.80 1400.00 3.87 1493.50 700.00 35 1402.05 K B P&S Bk 16.60 16.85 16.60 17.15 16.60 386.68 23.79 10.42 - 16.90
CARE 728.45 730.80 733.85 739.00 727.20 132.77 791.15 296.05 25 730.45 GreenPly [1] 174.70 174.95 177.85 177.85 174.35 132.80 225.00 73.55 30 175.00 K Page Ind 32077.75 32590.45 32007.75 32850.00 32007.75 15.68 33980.00 17700.00 93 32617.10
CarrerPnt 163.20 162.50 162.35 166.00 162.05 23.44 190.65 117.25 23 162.45 GrenpanelInd 308.65 298.10 308.70 317.45 293.25 697.63 317.45 33.00 - - K PaisaloDigit 774.00 764.40 796.90 796.90 751.55 227.59 877.00 348.00 52 764.70
CartradeTech 1518.65 1510.90 1524.00 1529.95 1492.75 333.37 1618.00 1414.85 - - Grindwel [5] 1484.40 1460.70 1498.00 1507.85 1448.15 111.12 1509.05 500.60 58 1460.65 K O PalashSecu 73.05 72.50 74.15 74.20 72.35 5.26 92.60 26.00 25 71.50
CastrolIndia [5] 138.90 138.45 139.50 140.40 138.10 613.03 154.90 104.00 18 138.45 GRInfraproj 1580.10 1568.40 1585.00 1608.00 1553.60 117.02 1838.00 1543.00 - - K PalredTech 123.80 122.95 126.95 129.45 122.10 63.08 170.90 21.70 - 123.45
CCL Prd [2] 407.00 405.65 407.00 413.00 403.40 223.73 495.00 225.00 32 405.35 GRP Ltd 949.85 955.05 956.40 973.40 940.50 1.70 1160.60 645.95 19 961.50 K Pan.Petro [2] 261.70 260.35 264.00 265.00 258.50 102.99 309.65 50.20 9 260.75
Ceat 1309.05 1338.45 1316.00 1350.00 1310.50 251.15 1763.15 878.00 12 1336.60 Grvs.Cot [2] 140.75 147.80 141.75 148.85 140.10 5478.63 184.25 66.00 59 147.75 KM Panac.Bio [1] 289.05 296.80 291.40 299.95 290.00 129.98 453.70 171.00 - 297.70

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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

ParagMilk 133.40 131.10 134.25 134.45 130.15 373.22 157.60 92.95 39 130.80 Saregama 4129.80 4114.20 4199.95 4224.25 4050.00 34.25 4234.65 521.05 61 4111.85 Tata  M  DVR   [2] 140.95 143.15 141.50 144.20 141.50 3208.21 169.65 54.00 ­  143.15 Webel  SL 68.35 69.25 69.30 69.80 67.75 224.15 80.70 17.85 23 68.85
Parsvnath   [5] 16.90 17.00 17.10 17.70 16.65 1732.11 19.56 2.16 ­  16.92 Sarla  Perf   [1] 46.75 50.90 47.25 54.30 46.70 4176.51 54.25 16.05 10 50.95 Tata  Metlk 1052.60 1064.10 1059.75 1073.80 1047.95 148.06 1374.00 480.00 10 1064.10 Weizman 49.15 49.25 50.00 50.75 47.55 10.91 70.45 27.60 19 48.95
Patel  Eng   [1] 16.70 16.80 16.75 17.40 16.55 2908.10 23.30 9.21 ­  16.80 Sasken 1440.30 1410.00 1480.00 1480.00 1402.50 42.83 1491.95 555.50 20 1411.40 Tata Motors  [2] 301.20 306.10 302.25 307.20 302.2023234.65 360.65 122.15 ­  306.05 Wels.Corp   [5] 122.10 123.95 123.45 127.00 121.80 1319.38 165.00 97.60 6 124.00
Patel  Int 23.40 24.25 23.95 24.50 23.15 60.24 32.05 14.80 ­  24.45 SatiaIndus 98.00 98.80 98.80 100.75 98.15 187.42 129.80 73.00 ­  ­  Tata  Steel 1463.45 1452.30 1476.00 1476.00 1449.00 5503.77 1534.60 343.00 9 1452.25 Wels.India   [1] 133.65 133.60 134.00 136.80 133.20 2807.82 145.45 55.05 21 133.70
Patspin  Ind 8.65 8.75 9.05 9.05 8.45 16.21 14.59 3.85 ­  8.80 Satin  Credit 77.20 78.90 77.20 80.25 77.15 82.98 112.65 50.85 ­  78.75 TataConsuPro 882.10 881.30 884.80 885.90 877.60 622.42 889.00 458.95 ­  ­  Wels.Inv 329.45 332.10 329.30 339.00 329.30 0.90 587.00 226.60 ­  336.60
PC  Jewl 24.95 24.85 24.95 25.30 24.50 972.24 32.75 13.10 14 24.90 Savita  1661.15 1632.40 1685.00 1685.00 1628.00 14.06 1822.65 650.00 8 1633.15 TataPowerC[1] 131.05 133.00 131.50 133.30 131.3013305.82 137.90 50.00 37 133.00 Welspun  Ent. 96.00 96.70 97.40 99.00 96.10 150.78 134.90 56.10 13 96.80
PDS  Multinat 1254.35 1313.25 1260.00 1349.85 1251.00 7.06 1548.00 264.00 76 1293.55 SBI    [1] 432.85 433.00 435.00 436.75 432.25 9981.56 467.30 175.55 17 433.05 Tatapur 4.35 4.40 4.30 4.50 4.20 26.97 6.88 3.00 ­  4.45 Wendt 4658.75 4758.45 4748.00 4899.90 4720.40 5.46 5121.00 2825.00 52 4750.00
Pearl  Glo 319.65 321.30 320.15 326.85 312.40 17.97 474.35 136.45 ­  321.85 SBICards&Pay 1085.95 1061.30 1090.00 1090.00 1057.75 1128.68 1165.00 766.10 ­  ­  TataStlLngPr 894.95 889.50 898.00 908.40 885.05 80.90 1087.70 234.70 ­  ­  West  C  Pap   [2] 231.70 232.50 233.45 234.00 231.50 168.31 288.35 155.00 44 232.95
Pearl  Poly 15.90 15.75 16.20 16.20 15.70 6.32 21.65 13.87 1 15.55 SBILifeInsur 1165.15 1170.90 1170.00 1174.00 1158.05 1338.82 1253.50 755.55 91 1168.15 TatvaChinPha 2053.50 2059.00 2059.00 2065.00 2041.55 44.51 2534.20 2001.00 ­  ­  WestlifeDevp 529.85 536.35 533.00 538.50 528.05 41.28 577.00 353.05 ­  ­ 
Pennar  Ind   [5] 29.75 30.70 29.75 31.50 29.75 810.93 42.90 14.30 16 30.35 SchaeflerInd 7307.05 7257.65 7325.05 7354.65 7194.45 10.07 7575.00 3450.00 43 7257.45 TCI  Devl 322.95 325.30 319.80 340.90 317.50 6.26 549.00 267.00 ­  327.85 Wheels  Ind 808.00 808.05 815.40 816.00 796.15 14.34 1039.00 380.00 35 808.65
Persistnt 3587.70 3587.60 3610.95 3630.55 3570.00 172.29 3649.65 992.00 50 3586.45 SChand&Co   [5] 114.70 115.35 114.70 116.50 114.15 33.76 147.50 58.25 ­  115.50 TCI  Express   [2] 1506.85 1521.00 1506.05 1544.00 1504.80 44.80 1747.00 750.20 47 1518.65 Whirlpool 2293.95 2275.85 2313.85 2318.00 2265.50 59.44 2777.00 1970.00 85 2271.90
Petronet 230.05 231.05 231.00 232.10 230.25 1694.59 275.25 207.40 11 231.00 Schneider   [2] 116.05 117.60 117.15 119.75 116.45 760.51 147.00 68.45 ­  117.50 TCI  Fin 6.15 5.55 6.15 6.15 5.55 5.81 7.39 3.80 ­  6.20 Wil.Magor 20.60 20.25 20.80 21.00 20.20 8.91 29.00 14.35 ­  20.55
PFC 138.70 138.25 139.00 140.60 137.70 8280.45 140.55 82.15 4 138.30 SCI 115.10 114.45 116.90 116.90 114.00 2088.79 134.60 49.80 12 114.25 TCNSClothing 668.70 668.10 677.90 695.00 665.00 125.14 706.05 365.15 ­  ­  Win.Diamond[2] 29.80 29.45 30.20 31.25 28.80 304.98 44.60 12.61 12 29.45
Pfizer 6091.60 6052.55 6090.40 6119.15 6022.35 25.35 6164.80 4200.00 48 6050.25 SE  Power 8.30 8.25 8.40 8.50 8.20 27.66 10.60 1.88 ­  8.25 TCPLPackage 505.45 525.65 505.45 534.75 501.65 21.15 604.00 336.05 ­  ­  WindlsBiotec 369.35 377.00 372.00 379.00 370.50 283.51 452.00 332.05 ­  ­ 
PG  Elec 368.65 397.60 376.95 403.90 370.10 61.19 501.00 62.50 39 397.50 Seamec 1029.75 1101.25 1010.00 1128.80 1010.00 316.29 1125.90 373.00 44 1102.55 TCS   [1] 3845.35 3885.90 3849.95 3896.50 3825.00 1991.19 3895.60 2302.50 42 3885.15 Wipro   [2] 670.75 673.45 671.00 675.70 670.00 3661.34 690.80 282.65 38 673.20
PGHH 14202.90 13884.35 14329.90 14498.00 13799.20 22.54 14552.95 9700.05 69 13876.60 SecureludTec 162.35 163.15 163.85 167.75 160.15 177.75 188.00 80.00 ­  ­  TD  Power 326.50 322.90 326.05 331.85 319.50 101.37 365.00 102.05 30 321.05 Wockhardt   [5] 414.65 417.40 417.65 421.70 415.60 373.50 804.50 266.00 ­  417.50
Phil.Carbon   [2] 249.00 251.20 251.00 254.30 246.35 941.74 278.65 116.30 10 250.80 SecuriIntSvc  [5] 484.65 478.60 487.90 489.20 472.20 131.13 534.85 347.75 66 476.85 TeamleaseSvc 4509.90 4545.65 4530.00 4573.55 4489.15 9.24 4569.55 2071.25 86 4538.25 WonderlaHoli 231.05 232.10 231.00 234.70 231.00 74.19 269.90 135.05 ­  231.80
Phoenx.Mil   [2] 853.30 843.95 856.00 864.30 837.00 175.43 926.20 542.65 45 844.55 Selan  Exp 146.05 145.80 146.95 151.15 145.10 147.35 180.05 98.30 28 145.65 TechInd  Nirm 6.70 7.00 7.00 7.00 7.00 16.55 7.09 2.27 ­  7.09 WorthPeriprl 89.45 88.65 89.05 90.50 88.40 37.68 119.45 38.40 ­  ­ 
PI  Ind   [1] 3447.75 3497.60 3447.00 3534.90 3445.00 482.39 3533.30 1847.45 69 3497.85 Sequent  Sc   [2] 232.50 235.65 234.50 238.50 233.50 671.39 336.40 129.25 216 235.65 TechMahind  [5] 1429.50 1452.05 1435.00 1457.00 1429.50 1555.00 1477.50 745.00 32 1450.65
PidiliteInd   [1]
PIL  Italica   [1]
2397.00
7.65
2408.85
7.50
2415.50
7.75
2424.00
7.75
2390.00 371.95
7.40 1308.45
2424.15
19.30
1390.60 93 2407.50
5.41 ­  7.49
SercotechPwr
Sesh.Paper   [2]
27.90
175.30
28.10
177.95
28.45
176.20
29.25
180.05
26.65 187.89
175.30 24.10
29.25
230.00
24.55
126.00
­ 
11 178.15
­  Technocr
TechnoEle&En
810.05
278.15
817.85
280.65
816.60
282.80
835.00
282.80
810.05
278.30
9.30
55.21
866.00
362.80
285.60 16 818.65
182.00 ­  ­ 
X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pilani  Inv 1893.45 1863.10 1890.00 1901.45 1851.25 13.87 2248.80 1071.44 17 1864.65 SetcoAuto   [2] 23.65 22.60 24.20 24.40 22.50 622.03 25.20 8.75 ­  22.50 TejasNetwork 434.70 420.95 425.00 439.00 415.00 759.05 472.15 56.30 ­  ­  Xchang 112.00 118.25 113.50 121.40 113.50 1749.18 141.25 60.20 72 118.40
Pion.Dist 151.50 150.75 152.40 155.20 149.65 39.06 158.95 92.00 ­  150.20 SeyaIndus 54.95 54.90 55.00 56.05 54.50 82.16 85.00 47.50 ­  ­  TemboGlblInd 278.65 278.35 279.50 282.00 275.25 110.07 282.00 116.50 ­  ­  Xpro  India 401.50 392.05 410.95 410.95 386.00 22.26 438.05 19.00 18 392.50
Pion.Emb 67.90 65.55 68.10 69.45 65.05 645.31 79.40 18.80 7 65.55 Shakt.Pump 715.85 737.90 729.90 744.50 719.05 67.66 910.00 162.45 21 738.00 Tex.Infra   [1] 59.80 58.80 59.85 60.65 58.25 72.52 83.75 31.00 ­  59.25 YaariDigIntg 107.80 109.75 108.45 113.15 107.00 518.81 183.45 37.80 ­  ­ 
PiramalEntp   [2] 2570.60 2648.70 2570.65 2658.65 2570.65 1197.02 2856.80 1178.85 201 2648.85 Shal.Paints   [2] 96.75 96.30 96.25 97.50 95.85 91.72 126.00 61.25 ­  96.50 Tex.Pipe 48.25 49.80 48.80 50.50 48.30 203.56 65.85 13.07 11 49.65 Yes Bk  [2] 11.10 12.45 11.10 12.85 11.05 777602.46 20.83 10.51 ­  12.51
PittiEngg   [5] 165.35 161.45 169.00 169.05 159.00 184.70 215.10 29.20 11 161.80 SHALBY 192.55 191.45 193.00 194.00 191.00 115.97 214.00 72.20 27 191.60 Tex.Rail   [1] 32.85 33.20 33.35 33.75 33.05 408.20 41.85 22.65 19 33.25 YukenIndia 605.95 607.40 590.00 619.00 589.00 7.31 644.90 571.10 ­  ­ 
Plastiblen   [5] 270.35 281.35 268.05 288.70 268.05 286.98 295.65 175.20 19 281.20 ShankarBldg 557.60 562.50 559.00 569.90 555.10 70.44 683.00 280.00 40 561.80 TGB  Banq 7.95 8.70 8.70 8.70 8.25 163.37 10.05 4.14 ­  8.93 Zee Ent  [1] 186.85 261.55 205.50 270.90 205.50218600.23 270.85 166.80 17 261.50
PNB  Gilts 66.00 65.90 66.40 66.40 65.75 121.11 94.65 37.00 6 65.95 Shanthi  Grs   [1] 169.85 169.95 171.50 172.85 169.35 82.38 211.20 93.70 40 170.15 Thanga.Jwl 1094.55 1091.70 1090.85 1106.85 1080.30 8.19 1150.55 341.00 18 1093.45 Zee  Learn   [1] 12.95 15.50 13.35 15.50 13.3517076.41 20.12 9.75 ­  15.52
PNB  Housing 636.50 634.10 644.00 655.00 615.35 114.54 924.00 300.05 12 626.55 ShardaCropch 325.10 325.55 325.15 329.00 324.55 53.45 387.05 230.75 12 325.50 The  Byke  Hos 27.65 28.50 28.00 28.60 27.50 31.79 35.60 11.39 ­  28.45 Zee  Med   [1] 9.95 10.40 10.20 10.40 10.20 789.16 14.70 4.26 ­  10.44
PNC Infratec  [2] 362.25 361.95 364.70 365.50 359.25 367.25 387.80 147.00 24 361.40 ShareIndSec 534.35 537.05 535.05 550.00 524.00 781.55 596.45 92.20 ­  ­  TheAnupEngg 1072.00 1092.40 1083.80 1108.30 1036.90 40.66 1110.60 529.95 ­  ­  Zen  Exp 84.85 83.50 85.50 85.50 83.10 1.29 116.00 36.50 ­  82.90
PodarHseDVPT 185.00 184.50 191.70 191.75 182.00 3.50 267.00 139.00 ­  188.80 SheelaFoam   [5] 2287.60 2281.35 2291.50 2310.00 2265.60 18.42 2493.90 1225.00 56 2280.40 TheGrobTeaCo 1012.10 1008.50 1038.50 1055.00 1000.00 0.75 1434.75 518.00 ­  ­  Zen  Tech.   [1] 215.35 226.10 226.10 226.10 226.10 1542.82 226.05 65.00 ­  226.05
PoddarPigmen 364.15 377.75 367.00 381.90 365.35 85.88 434.00 162.50 15 377.15 Shemaroo  Ent 138.10 151.60 138.90 151.90 138.80 808.06 181.00 51.00 ­  151.50 TheInvstTrst 119.85 119.90 120.55 123.90 119.05 34.06 174.35 83.00 ­  ­  ZensarTec   [2] 488.35 487.15 492.50 499.95 481.05 1152.27 498.50 167.05 37 487.60
Pokarna  Ltd   [2] 511.00 504.10 511.60 520.70 500.00 68.46 532.20 120.55 183 502.35 Shilpa  Med   [1] 588.70 583.65 589.90 605.20 581.15 391.52 670.95 317.05 39 583.10 TheMandRetVe 15.15 15.15 15.55 15.55 15.15 67.72 25.00 7.75 ­  15.15 Zod.Clo 113.00 114.20 113.00 115.75 112.45 31.08 153.80 85.05 ­  114.10
Poly.Medi   [5] 999.35 999.85 1009.75 1019.00 996.05 170.27 1163.00 437.00 68 999.45 Shiv.Global 13.20 13.15 13.50 13.50 13.05 7.94 17.00 6.05 11 13.22 TheNewIndA[5] 168.00 172.05 167.00 173.60 165.20 2240.99 197.00 99.55 20 171.90 Zod.Jrd 32.20 32.50 33.75 33.75 32.50 1.14 42.50 22.25 ­  33.20
PolycabIndia 2442.35 2462.95 2460.00 2489.80 2438.10 495.31 2503.00 798.00 ­  ­  ShivalikBimt 213.65 211.55 219.00 228.70 210.25 125.63 228.70 115.10 ­  ­  Thermax   [2] 1430.95 1464.75 1455.00 1474.90 1445.20 70.69 1569.70 705.90 109 1465.00 ZomatoLtd 143.15 144.10 145.15 152.75 136.20112358.94 152.75 115.00 ­  ­ 
Polyplex 1747.15 1798.20 1824.00 1894.00 1785.05 1347.54 1893.20 644.75 12 1799.90 Shivam Auto  [2] 22.35 22.60 22.35 22.85 22.20 32.01 29.10 14.70 ­  22.60 Thiru.Chem   [1] 205.00 204.60 206.50 207.90 203.00 517.46 214.60 63.45 13 204.40 ZotaHealthCr 368.05 361.00 369.20 372.00 360.05 49.76 407.15 135.90 ­  ­ 
PoonawalFincor 185.90 180.15 184.70 186.60 179.50 1524.94 189.20 21.70 ­  ­  ShivaMills 88.35 86.00 88.15 90.00 84.10 22.50 114.45 20.70 5 87.35 Thom.Cook   [1] 61.90 62.10 61.90 63.10 61.20 286.76 71.50 25.20 ­  62.15 ZydusWel 2402.35 2396.35 2410.00 2429.00 2381.00 35.47 2431.75 1630.50 ­  2392.70
Power  Mech 840.40 834.60 842.70 854.90 821.80 86.74 922.70 354.10 42 835.25 ShivaTaxyarn 193.60 197.00 195.90 201.50 193.50 28.85 275.15 74.60 16 196.40 ThyrocareTec 1274.15 1279.05 1284.70 1294.70 1265.85 129.23 1465.90 712.95 41 1278.65
PowerGrid 173.90 174.10 173.90 175.10 173.50 6325.82 188.63 115.99 9 174.00 Shop.Stop   [5] 250.40 251.20 249.55 258.50 249.35 280.23 290.50 148.72 ­  253.90 TIL  158.35 158.25 161.05 161.05 156.55 3.23 245.00 125.10 ­  158.80
Praj  Ind   [2] 365.00 355.40 358.00 363.70 349.00 897.42 407.00 64.85 63 355.35 Shr.CU.Fin 2474.25 2554.15 2495.70 2602.00 2474.75 221.10 2600.00 766.05 16 2554.50 Time  Gty 43.85 45.05 45.20 46.15 44.05 8.02 64.45 20.15 7 45.40 Exchange Traded Funds
PrakashPipes 167.80 167.65 165.20 170.50 165.00 81.29 194.70 61.10 ­  ­  Shr.EPC 5.25 5.50 5.50 5.50 5.50 398.54 7.00 3.38 ­  5.63 Time  Tech   [1] 70.65 72.25 71.30 73.30 71.00 593.97 94.50 35.25 22 72.60
Praksh.Ind 69.05 71.10 69.50 71.45 69.30 1140.25 104.65 36.20 10 71.15 Shr.Ram.Mul[5] 11.70 11.75 11.75 11.95 11.55 58.43 18.01 6.14 ­  11.73 Timken 1724.70 1714.50 1749.00 1764.95 1700.00 32.16 1763.30 1010.50 66 1714.95 Company Pre  Cl NSE  Cl Vol 52  WH 52  WL BSE  Cl
Praksh.Stl   [1] 2.05 2.15 2.00 2.15 2.00 1245.58 2.64 0.55 ­  2.12 Shr.Tr.Fin 1341.70 1352.80 1348.00 1371.00 1344.20 670.71 1534.90 555.90 16 1352.65 Tinplate 280.15 282.80 282.70 291.65 280.75 606.72 311.50 118.00 17 282.90
PratapSnack  [5] 661.85 696.20 661.85 710.55 661.40 62.44 826.50 484.65 62 697.90 ShradInfProj 58.35 57.90 56.50 58.40 56.10 3.07 76.75 35.55 ­  ­  Tips  Ind 1322.05 1342.85 1321.00 1382.00 1311.00 30.99 1508.30 202.90 34 1328.10 Axis  Gold   [1] 40.75 40.72 115.27 48.00 38.36 40.80
PraxisHomeR[5] 32.75 31.15 31.20 32.10 31.15 183.02 35.40 15.98 ­  31.00 Shre  PushChe 229.45 220.35 232.00 232.40 218.50 213.09 243.70 97.90 21 220.55 Tita.Wag   [2] 92.10 93.15 92.10 94.70 92.10 512.71 102.50 38.05 16 93.05 AXISAMC  ­  AXISBNKETF 366.01 367.64 0.35 393.20 241.11 ­ 
PrecisionCam 83.95 85.15 83.95 86.95 82.50 187.68 111.90 30.60 13 85.05 ShreDigvjCem 79.25 79.30 79.90 80.95 79.00 280.21 97.80 45.50 ­  ­  TitanCompa  [1] 2030.65 2055.70 2038.90 2061.50 2032.05 888.77 2067.25 1076.00 140 2055.75 AXISAMC  ­  AXISBPSETF 10.34 10.34 13.47 10.48 10.07 ­ 
Precot 240.70 238.80 246.10 246.15 236.90 25.90 308.00 80.00 ­  ­  ShreeCement 30663.35 30658.50 30665.10 30785.00 30403.00 33.01 32050.00 18214.40 42 30644.00 TN  News 134.15 133.55 132.05 134.20 131.55 181.19 182.80 98.45 ­  133.45
SHRENIK 1.60 1.60 1.60 1.60 1.55 1603.20 52.20 1.45 ­  ­  AXISAMC  ­  AXISHCETF 90.02 90.22 8.93 105.00 82.00 ­ 
Precsn.Pipe 243.30 244.85 241.10 245.50 241.10 14.78 339.35 173.65 22 244.00 TN  Petro 115.70 127.95 116.15 134.95 116.15 2502.60 150.45 33.15 8 128.15 AXISAMC  ­  AXISNIFTY 181.31 181.24 5.36 194.80 111.47 ­ 
Precsn.Wre   [5] 235.05 234.00 235.05 238.20 232.70 35.27 258.10 109.00 10 233.70 Shreyans 121.10 120.65 120.00 122.65 120.00 10.35 152.00 67.70 15 120.55 Tokyo  Pl 103.20 107.85 104.80 115.00 102.85 196.23 122.00 52.20 64 108.15
Shreyas 363.90 382.05 374.70 382.05 371.95 87.61 383.15 46.10 12 383.15 AXISAMC  ­  AXISTECETF 351.99 352.91 1.53 358.50 250.95 ­ 
PremPolyfilm[5] 74.45 73.65 76.30 76.30 73.50 14.36 59.50 22.80 ­  41.80 Tor.Pwr 480.75 482.25 480.50 484.25 476.65 304.05 508.85 293.05 20 482.15
ShyamCent   [1] 11.45 11.55 11.45 11.85 11.40 169.84 20.45 3.45 10 11.50 Bank  BeEs   [1] 367.25 368.41 175.96 379.93 205.99 368.40
Pressman   [2] 28.65 28.35 29.00 29.00 27.80 37.83 39.30 15.65 12 28.20 TorrentPhar   [5] 3126.05 3133.10 3129.00 3143.95 3105.00 88.65 3226.05 2311.30 48 3134.40
ShyamMetalic 413.10 406.80 416.40 417.75 400.00 530.58 461.15 361.10 ­  ­  Birla  Gold 4291.65 4295.00 0.08 4923.00 4050.00 4300.00
Prestige  Est 436.00 433.90 435.75 444.40 424.20 969.69 501.85 222.50 68 434.10 TotalTranspt 56.05 55.05 56.80 57.00 54.60 53.32 84.05 31.15 ­  ­ 
Sical  Log 11.30 11.50 11.10 11.60 11.10 188.30 21.98 8.60 ­  11.53 Birla  Nifty   [100] 192.58 191.79 1.46 5000.00 4061.00 4313.00
PRICOL   [1] 94.10 93.90 94.50 96.00 93.45 1001.40 106.65 37.07 25 93.80 Tou.Fin.Cor 69.20 69.00 69.05 70.95 68.60 138.38 83.30 30.60 6 69.05
Siemens   [2] 2208.55 2207.30 2210.00 2221.45 2201.85 125.52 2317.60 1186.80 71 2205.70 BIRLASLAM  ABSLBANETF 362.40 364.21 0.57 420.00 193.90 ­ 
Prime  Foc   [1] 91.90 87.35 96.45 96.45 87.35 544.92 96.40 34.70 56 87.30 TPL  Plastech 350.80 343.55 352.00 357.95 342.50 14.63 379.05 97.05 25 343.50
SignetIndus 49.30 48.25 49.50 49.90 47.75 15.25 64.35 17.00 ­  ­  BIRLASLAM  ABSLNN50ET 436.20 435.75 0.32 459.40 265.70 ­ 
Prime.Sec   [5] 81.80 82.50 82.95 83.00 81.00 7.81 116.00 37.20 24 82.55 Trans.Corp   [2] 427.30 433.60 429.45 435.90 425.55 44.12 510.00 212.90 18 433.45
PrincPipeFit 727.30 715.05 734.00 734.00 711.10 444.94 794.40 201.65 ­  ­  SilgoRetail 33.40 33.65 33.30 34.35 33.30 14.12 66.70 32.05 ­  ­  Transwarnt 5.40 5.65 5.65 5.65 5.45 3.65 6.75 2.22 ­  5.51 ConsConstCon 142.26 142.91 104.16 146.15 86.00 ­ 
PrismJohnson 125.15 124.15 126.95 127.60 123.80 969.50 149.35 51.80 20 124.25 SillymonkEnt 20.50 20.65 21.80 21.80 20.10 14.61 34.85 17.45 ­  ­  TrejharaSolu 58.45 58.20 59.00 59.45 58.10 20.41 72.70 10.90 ­  ­  DSPBRAMC  ­QUIDETF 1000.00 1000.00 25.39 1020.00 810.90 ­ 
Prit.Nandi 35.10 38.30 34.90 38.60 34.25 61.66 61.00 11.31 ­  38.45 Simp.Inf   [2] 40.65 42.65 41.10 42.65 40.80 87.20 56.05 27.00 ­  42.65 Trent   [1] 1006.10 1004.00 1009.95 1023.75 1000.05 529.05 1050.00 587.95 ­  1002.90 EdeAMCNifEES 22779.00 22798.00 0.01 22798.00 10200.00 ­ 
PritikAutoIn 18.30 18.15 18.45 18.70 18.10 127.44 22.80 13.75 ­  ­  SintercomInd 84.00 85.90 84.00 87.00 83.00 35.95 104.80 61.20 ­  ­  TRF 114.95 114.80 115.00 117.40 114.10 24.74 171.15 70.00 ­  114.55 EDELAMC  ­  EBANK 4068.00 4020.00 0.04 4123.24 2159.00 ­ 
PriviSpecial 1889.35 1856.50 1924.40 1924.40 1836.00 111.61 1955.00 501.05 ­  ­  Sintex   [1] 3.75 3.75 3.80 3.85 3.75 1212.73 5.83 1.72 ­  3.77 Trib  Bhimji 75.75 75.60 76.40 76.95 75.15 144.74 96.40 32.50 10 75.65 EDELAMC  ­  EBBETF0423 1151.28 1149.80 4.89 1199.00 875.90 ­ 
ProzoneIntu   [2] 28.35 28.40 28.35 29.00 28.20 201.74 56.45 15.10 ­  28.45 SintexPlaTec 4.05 4.05 4.10 4.15 4.05 1081.76 6.35 1.80 ­  ­  Trident   [1] 25.25 25.05 25.75 25.75 24.9018338.86 26.40 6.00 25 25.10 EDELAMC  ­  EBBETF0425 1069.99 1069.98 5.59 1115.90 925.00 ­ 
PSPProjects 430.90 426.50 433.10 434.70 425.00 57.74 506.00 375.00 14 426.95 SircPaintInd 337.20 348.60 338.90 352.90 337.30 97.92 384.00 225.00 ­  ­  Trigyn 114.25 119.90 115.00 119.95 114.20 255.62 173.00 44.40 ­  119.70 EDELAMC  ­  EBBETF0430 1178.69 1178.09 6.54 1200.00 895.00 ­ 
PTC 99.40 98.10 100.15 100.40 97.90 1180.11 113.00 44.70 6 98.20 SitiNetwork 1.55 1.60 1.60 1.60 1.55 3493.02 1.90 0.40 ­  ­  TRIL   [1] 27.80 27.75 28.25 28.25 27.60 86.30 37.25 8.50 ­  27.70 EDELAMC  ­  EBBETF0431 1057.52 1057.94 14.04 1143.10 986.05 ­ 
PTC  Ind  Fin 17.80 18.00 17.90 18.25 17.85 821.84 24.30 15.75 ­  17.95 Siyaram   [2] 386.15 384.95 386.15 393.05 383.30 47.01 456.05 130.00 21 385.05 Triv.Eng   [1] 170.45 175.60 171.85 177.65 170.40 528.89 209.00 62.45 14 175.90 EDELAMC  ­  EQ30 405.95 411.84 1.00 448.13 321.00 ­ 
PTL  Ent   [2] 47.60 47.70 48.10 48.15 47.50 33.18 58.05 32.50 9 47.95 SJVN 26.95 27.25 27.10 27.70 26.90 4593.54 30.80 20.40 6 27.20 Triv.Tur   [1] 138.10 139.50 139.20 141.60 136.00 208.31 150.35 66.60 45 139.10 Gold  BeEs   [1] 40.72 40.73 2019.31 45.94 38.17 40.73
PudumjeePap[1] 40.65 40.75 40.50 41.40 40.50 134.47 47.40 13.50 6 41.10 SKF  India 3195.85 3213.80 3223.60 3253.00 3167.65 190.28 3265.00 1431.00 42 3213.55 TT 66.05 66.75 66.20 68.00 65.60 19.30 79.95 30.25 5 66.70 Goldmanamc  ­  CPSEETF 26.74 26.97 6208.70 27.03 15.70 26.99
Pun.Natl.Bk   [2] 37.60 37.80 37.75 38.35 37.6531674.87 46.40 26.30 15 37.80 SKIL  Infra 3.80 3.85 3.75 3.85 3.75 48.69 5.98 2.03 ­  3.85 TTK  Prst 9241.30 9150.05 9320.00 9325.00 9107.00 3.67 9579.95 5360.60 51 9149.25 HangSengBees   [1] 330.19 329.73 5.98 382.00 293.65 329.90
Punj.Chem 1781.25 1786.40 1788.50 1850.00 1771.05 28.39 1930.00 591.10 35 1785.75 Skipper   [1] 85.20 83.70 85.50 86.00 83.40 201.20 98.35 40.95 36 83.65 TTKHealtcare 698.05 702.75 698.05 740.85 695.00 58.01 825.00 415.95 21 703.60 HDFC  Gold   [1] 41.74 41.80 127.72 50.00 38.70 41.84
Puravankra   [5] 109.30 109.90 110.00 113.60 109.15 573.53 120.50 41.05 16 109.95 SKM  Egg 84.00 83.80 84.50 85.80 83.50 86.65 98.45 35.35 14 83.70 TubeInvIndia 1338.90 1342.45 1336.00 1375.55 1330.00 82.16 1450.00 522.70 ­  ­  HDFCAMC  ­  HBANKETF 364.86 367.10 3.47 384.20 200.10 ­ 
PVR 1394.25 1407.35 1395.00 1418.00 1393.50 774.63 1592.00 961.00 ­  1406.80 Smartlink   [2] 120.15 120.15 121.15 124.70 118.45 84.95 133.80 68.00 47 119.80 TV  Today   [5] 300.50 304.20 301.00 312.30 300.10 138.15 380.00 189.00 12 304.75 HDFCAmc­Nift   [76] 185.41 185.68 13.86 187.40 113.54 185.62
SMCGloblSecu 76.15 75.75 76.45 77.30 75.50 99.80 104.75 65.80 ­  ­  TV18  Br   [2] 36.10 39.80 36.30 40.40 36.3026231.46 48.95 26.05 ­  39.80 HDFCAmc­Sens 625.17 628.73 2.00 6300.00 455.00 ­ 
Q................................................. SML  Isuzu
SMS  Phr   [1]
560.60
161.05
565.80
160.35
569.00
162.70
570.00
162.85
560.70
159.40
23.66
81.62
697.20
199.15
365.10
80.50
­  565.80
18 160.35
TVS  Elec 169.55 178.00 174.85 178.00 174.65 118.19 217.00 86.95 33 177.60 IBULLSAMC  ­  IBMFNIFTY
ICICIPRAMC  BHARATIWIN
173.51
42.39
174.86
42.91
2.87
724.91
181.00
42.97
110.33
23.46
­ 
­ 
Quess  Corp 845.60 865.65 853.85 890.00 848.00 485.88 920.25 368.00 ­  866.30 TVS  Mot   [1] 545.65 549.95 546.50 550.90 544.30 1274.16 665.70 407.25 32 550.00
SMSLifeScien 716.65 731.55 725.00 746.00 720.15 3.70 885.65 439.25 ­  ­  TVS  Sri 2114.05 2158.95 2124.65 2169.10 2105.00 10.64 2390.00 1324.80 15 2153.85 ICICIPRAMC  ­  ICICI500 245.06 245.20 7.44 283.80 147.00 ­ 
QuickHealTec 223.00 226.35 222.60 233.55 222.60 180.28 319.90 126.70 15 226.85
SnowmanLogi 44.55 44.95 44.85 45.80 44.80 850.56 71.25 30.80 ­  44.90 ICICIPRAMC  ­  ICICIALPLV 184.46 181.69 15.57 187.70 99.90 ­ 
R ................................................. Sobha
Solar  Ind   [2]
797.80
1805.75
779.55
1987.55
801.00
1832.85
804.80
1999.00
775.20 240.49
1821.90 493.88
847.00
2006.90
220.90
977.45
104 780.45
80 1991.90
U................................................. ICICIPRAMC ­ ICICIBANKP 186.24
ICICIPRAMC  ­  ICICIFMCG 406.80
187.77
406.22
1.95
1.98
218.00
437.00
110.00
360.25
­ 
­ 
R  Sys  Intl   [1] 205.00 209.00 208.65 211.00 207.35 143.02 213.55 100.10 29 208.80 UB   [1] 1599.10 1586.60 1598.00 1622.95 1581.15 738.09 1622.00 898.50 163 1587.00
SolarActPhSc 1679.15 1694.20 1687.55 1710.00 1680.00 52.32 1859.95 900.00 ­  ­  ICICIPRAMC  ­  ICICILIQ 999.99 999.99 22.00 1040.00 990.00 ­ 
Radico   [2] 897.60 895.05 900.75 925.00 890.10 575.10 944.75 383.00 42 896.25 Ucal  Fuel 150.40 151.20 150.10 153.15 149.20 26.11 206.10 107.05 8 151.00
Som  Dist   [5] 41.65 41.70 42.00 42.80 41.60 53.18 59.50 22.80 ­  41.80 ICICIPRAMC  ­  ICICIM150 111.68 113.13 8.16 118.90 61.95 ­ 
RailTelCorp 126.95 131.95 127.90 133.30 127.55 1877.35 189.70 101.00 ­  ­  Uco  Bk 13.80 13.55 13.85 13.90 13.50 5862.63 16.30 10.60 ­  13.56
Soma  Text 8.55 8.95 8.90 8.95 8.90 31.99 10.29 2.43 ­  9.04 ICICIPRAMC  ­  ICICINXT50 43.74 43.83 32.85 48.46 25.70 ­ 
RailVikasNgm 30.20 30.30 30.35 30.70 30.10 2860.73 35.55 18.05 ­  ­  Uflex 508.45 540.45 514.00 546.10 512.30 1495.75 594.00 298.20 16 540.00
SomanyHomInn 423.15 444.30 444.30 444.30 430.20 151.44 444.30 68.10 ­  ­  ICICIPRAMC ­ ICICIPHARM 91.10 91.79 6.44 95.00 82.05 ­ 
Rain  Ind   [2] 243.55 242.65 245.10 247.55 240.30 1843.61 272.90 93.55 ­  242.70 UFO  Moviez 91.60 96.70 92.25 98.40 92.25 845.51 114.30 68.75 ­  96.60
SonaBLWPrecn 583.45 572.00 587.45 596.80 567.20 3046.26 596.80 295.00 ­  ­  ICICIPRAMC  ­  ICICITECH 356.19 359.72 15.45 367.30 158.95 ­ 
Raj.Exp   [1] 606.70 606.90 609.95 609.95 603.60 65.66 655.00 440.80 139 606.70 Ugar  Sug   [1] 26.90 27.90 26.95 28.20 26.75 279.65 40.10 13.10 25 28.00
Sonata   [1] 854.90 849.35 855.00 856.00 842.00 179.05 908.00 300.80 44 848.75 ICICIPRAMC  ­  IPRU5008 363.44 364.49 26.75 422.20 192.10 ­ 
RajdharshInd 31.25 29.70 29.70 29.70 29.70 4.90 42.25 9.30 ­  ­  UgroCapital 118.15 117.10 117.70 119.75 116.75 29.71 144.00 108.55 ­  ­ 
SorilInfrRes 123.80 129.85 125.20 134.45 125.05 112.83 227.35 56.50 115 129.95 ICICIPRNIFLWVL30ETF 41.75 41.76 236.31 53.70 37.05 ­ 
RajOilMills 113.00 124.30 124.00 124.30 120.00 82.82 124.30 7.60 ­  ­  Ujaas   [1] 2.80 2.80 2.75 2.80 2.70 815.74 4.80 2.26 ­  2.76
South  In  Bk   [1] 9.90 9.95 10.00 10.10 9.95 7649.68 13.95 6.12 ­  9.98 ICICIPRNIFLWVL30ETF 104.72 105.37 10.43 109.00 58.70 ­ 
Rajsr.Sug 26.95 27.45 27.70 28.20 26.55 36.98 38.30 11.60 ­  27.50 UjivanFinSer 165.50 160.45 167.00 167.45 159.50 1914.75 310.85 126.10 ­  160.50
SouthWestPin 98.10 97.90 102.30 102.30 97.40 44.64 102.40 24.65 ­  ­  ICICIPRUDENTIALNV20ETF 94.48 95.04 17.91 99.90 47.15 ­ 
Rallis   [1] 292.35 293.05 292.35 299.55 291.15 636.05 362.00 232.40 27 293.20 UjjivanSFB 20.50 20.20 20.70 20.75 20.10 6161.85 44.60 17.80 ­  ­ 
SpandnaSphor 622.85 626.15 638.85 640.95 621.40 32.41 830.00 479.80 ­  ­  ICICIPRUDNIFTY100ETF 190.87 191.73 4.20 197.30 101.00 ­ 
Rama  News 19.20 18.95 19.25 19.50 18.00 170.85 27.60 11.85 ­  18.90 UltraTech 7944.45 7856.45 7970.00 7973.05 7850.00 168.41 8070.60 3755.00 36 7857.40
SPApparels 339.30 329.35 339.80 343.90 326.50 66.43 360.95 104.00 15 328.70 ICICIPRUDNIFTYETF 186.05 186.51 142.15 210.90 102.70 ­ 
Ramco  Cem   [1] 1056.10 1047.80 1059.80 1060.95 1044.75 225.95 1130.95 688.90 30 1048.00 UmangDair   [5] 76.15 77.30 76.15 77.90 76.15 19.38 99.00 40.10 ­  77.60
Spec.Rest 74.65 74.85 74.60 77.00 74.05 340.65 80.00 31.55 ­  75.20 ICICIPRUDSENSEXETF 631.36 633.25 0.59 637.99 395.00 ­ 
Ramco  Ind   [1] 320.45 317.10 323.75 327.50 313.25 305.88 366.00 171.30 20 317.35 Unichm  Lab   [2] 276.50 273.95 275.20 278.00 273.15 54.67 374.90 219.00 57 273.85
SpencersRetl 115.65 115.65 115.90 117.55 114.50 1059.22 122.30 65.70 ­  ­  IDBI  Gold   [100] 4348.55 4311.50 0.07 5000.00 4061.00 4313.00
Ramco  Sys 461.80 462.10 465.50 466.95 458.15 80.98 784.15 283.25 48 462.10 Union  Bk 34.65 34.45 34.60 35.00 34.30 6650.20 45.25 23.10 6 34.45
SPIC 51.15 52.35 51.10 53.20 51.10 985.10 68.45 16.55 14 52.40 IDFCAMC  ­  IDFNIFTYET 181.79 182.55 0.07 185.64 113.01 ­ 
Ramk.Forg 992.90 1018.50 1000.00 1035.00 1000.00 163.92 1100.00 224.40 41 1018.50 Spicejet 69.80 72.05 70.20 72.60 70.20 5927.35 108.00 45.95 ­  ­  Uniph.Ent   [2] 139.90 140.15 139.90 141.50 137.50 9.27 149.95 54.00 31 140.05
United  Nil 398.70 397.50 400.20 403.45 395.55 1.90 499.90 280.40 ­  ­  Infra  BeEs 502.91 505.17 1.01 1831.68 1120.00 ­ 
Rane  (M) 384.90 399.50 387.45 408.00 387.45 102.82 496.00 193.00 19 399.95 SPL  Ind 48.15 48.65 48.15 49.50 48.15 28.94 64.70 23.00 10 48.65 InvesIndGold   [100] 4237.85 4213.75 0.06 4750.00 3989.50 4216.00
Rane  Brk 916.50 941.05 919.95 967.95 919.95 36.62 1200.90 522.90 18 941.45 Sr.Leathrs 184.50 184.75 185.00 186.50 182.60 27.14 233.95 122.50 33 185.30 United  Spr   [2] 754.60 758.90 754.60 771.80 752.50 2023.07 776.80 494.00 81 758.80
UnitedDrilng 350.15 345.95 352.00 352.00 344.10 8.36 410.30 234.25 ­  ­  InvesInNifty 1898.50 1903.55 0.01 1995.00 1161.05 ­ 
Rane  Eng 282.40 313.60 284.30 329.80 284.30 136.78 386.00 183.00 ­  312.90 Sr.Ray.HHP 342.55 340.60 346.00 357.95 338.50 69.64 370.00 159.00 9 341.15 Kotak  Nifty   [5] 182.88 182.93 112.68 2048.95 1231.20 1867.50
Rane  Hld 617.40 639.80 621.00 657.70 621.00 80.09 782.45 392.05 77 639.15 SRF 10685.50 10676.40 10817.85 10821.00 10611.35 258.51 10819.20 3996.20 57 10679.05 Univ.Cab 171.70 172.55 174.00 174.75 172.05 13.21 217.55 112.00 24 172.35
UnivastIndia 48.75 48.05 49.95 49.95 47.25 8.28 62.50 27.15 ­  ­  Kotak  PSU  Bk 229.05 228.37 3.24 264.09 120.70 228.29
Ratnamani   [2] 2160.05 2159.60 2174.95 2174.95 2145.00 17.78 2249.05 1124.60 36 2157.90 SrikalahPipe 232.10 226.20 232.45 233.50 225.05 66.47 247.95 109.50 7 226.20
UniversusImg 361.05 373.75 361.55 379.90 343.50 10.58 410.00 154.95 ­  ­  KOTAKMAMC  ­  KOTAKIT 35.22 35.57 13.55 36.25 23.36 ­ 
RavindrHeigt 22.85 23.50 23.95 23.95 22.70 66.68 35.95 15.05 ­  ­  Star  Pap 148.90 152.45 149.85 152.80 149.30 143.95 181.60 85.00 11 152.45
UPL   [2] 756.00 752.50 760.90 764.85 751.00 1932.97 864.75 399.00 162 752.75 KOTAKMAMCKOTKBKETF 368.11 369.87 216.57 414.70 206.51 ­ 
Raymond 429.45 433.65 433.65 436.70 430.95 313.70 473.90 252.25 ­  433.90 StarCement   [1] 106.25 107.00 105.60 107.40 105.60 160.37 120.00 80.00 22 106.90
UrjaGlobal   [1] 6.15 6.15 6.25 6.25 6.05 1879.92 9.48 2.42 ­  6.19 KOTAKMAMC­KTNV20ETF 95.94 97.04 6.86 99.30 56.51 ­ 
RBL  Bank 172.25 175.35 173.60 175.80 173.30 4800.07 274.00 155.65 ­  175.35 STC  India 104.35 105.15 105.45 106.80 104.30 63.41 138.75 47.60 ­  105.00
RCF 73.70 74.60 73.90 75.10 73.55 1292.92 100.15 41.80 9 74.50 Usha  M  Ed   [1] 4.30 4.25 4.50 4.50 4.15 19.67 8.25 1.01 ­  4.26 Kotal  Gold   [1] 41.07 41.11 345.06 46.90 36.81 41.11
SteelCitySec 59.75 59.85 60.70 60.70 59.25 29.70 98.70 28.20 ­  ­  LICNAMC  ­CNFENGP 184.49 184.08 1.70 202.99 112.00 183.78
Rcom   [5] 3.05 3.10 3.20 3.20 3.0541910.08 5.49 1.31 ­  3.11 SteelExIndia 78.15 77.30 80.00 80.00 76.80 154.23 89.00 30.30 ­  ­  Usha  Mar   [1] 70.45 68.20 70.50 70.95 67.55 821.23 75.00 19.80 16 68.15
RECL 158.05 157.45 159.25 159.50 156.75 2991.06 167.75 91.90 4 157.45 UTIAMC 1180.05 1176.45 1185.00 1195.00 1172.00 251.89 1216.20 471.10 ­  ­  LICNAMC  ­CNFESGP 632.53 628.89 0.94 640.00 384.00 ­ 
Stel  Hld   [1] 165.30 171.60 166.75 174.70 164.00 159.43 NA NA ­  ­  LICNAMC  ­CNFNHGP 175.12 175.64 0.32 185.00 110.75 ­ 
Redington   [2] 145.40 144.15 151.70 152.95 143.00 3945.01 179.00 53.55 34 144.15 Ster.Tool   [2] 197.35 202.60 198.00 204.00 198.00 68.69 257.00 160.00 18 202.55
Refex  Ref 162.60 164.55 163.80 173.40 162.20 456.15 173.10 42.55 8 164.60 Sterlg&Wilsn 358.95 361.30 360.00 369.00 353.55 1876.94 383.80 183.50 ­  ­  V ................................................. LICNAMC  ­CNMFET
Liquid  BeEs   [1000]
22.89
1000.00
23.12
999.99
8.31
1302.11
24.30
1015.00
20.33
972.35
­ 
1000.00
Rel  Cap 18.80 19.70 19.70 19.70 19.70 458.97 30.80 7.16 ­  19.86 SterliteTech 276.70 282.30 277.20 283.90 274.15 645.18 318.00 139.25 ­  ­  V  Mart 3473.95 3451.60 3473.00 3499.00 3430.00 23.17 4075.80 1859.00 ­  3454.95
Rel.Ind.Inf 697.10 693.45 704.90 709.80 690.00 122.55 865.65 344.00 133 692.80 V2  Retail 126.60 124.40 125.70 126.95 122.30 27.12 154.80 44.60 ­  124.85 MIRAEAMC  ­  MAESGETF 29.96 30.00 80.82 31.00 21.75 ­ 
StoveKraft 951.70 939.40 957.45 967.00 932.20 127.40 1017.70 406.10 ­  ­ 
Relaxo   [1] 1196.85 1205.85 1210.00 1225.00 1185.80 236.96 1272.00 610.05 100 1206.30 VA  T  Wab   [2] 339.15 352.55 341.05 354.95 338.20 610.36 404.25 172.20 28 352.45 MIRAEAMC  ­  MAFANG 54.51 54.33 223.27 57.50 44.00 ­ 
Str.Arcolab 597.55 600.80 599.75 604.75 595.90 349.10 1000.00 568.30 96 601.15
Reliance 2371.55 2368.45 2375.00 2394.00 2366.00 4111.21 2479.85 1830.00 48 2368.30 StylamIndust 1099.70 1222.95 1124.95 1319.60 1115.00 58.45 1419.90 1005.00 ­  ­  Vadilal 1066.85 1032.45 1076.30 1079.65 1028.50 25.53 1264.00 744.95 ­  1033.95 MIRAEAMC  ­  MAFSETF 18.11 18.10 201.91 21.00 17.00 ­ 
Religare 152.95 154.60 153.40 158.80 152.50 711.43 175.75 40.75 ­  154.40 SUBEX 50.65 55.30 51.00 56.00 50.9022641.26 74.40 17.75 ­  ­  VadivrSpeChe 222.95 228.50 228.90 237.60 217.60 30.36 275.00 88.65 ­  ­  MIRAEAMC  ­  MAN50ETF 178.63 178.61 3.27 210.00 110.00 ­ 
RenaisncGlob 768.75 761.20 771.00 779.80 752.65 104.56 787.05 217.00 ­  ­  Subros   [2] 306.95 307.50 307.00 312.00 306.10 24.74 364.50 227.10 27 307.20 Vaibhav   [2] 777.00 758.25 782.60 784.90 755.00 187.57 1057.70 350.00 219 758.50 MIRAEAMC  ­  MANXT50 428.21 429.81 0.85 504.00 223.90 ­ 
Repco  Home 300.75 300.00 299.50 304.00 297.60 145.60 429.25 150.75 7 300.35 Sud.Chem   [2] 685.25 690.00 690.00 698.00 679.05 477.74 791.95 431.05 38 689.55 VaishaliPhar 37.70 38.00 38.20 38.45 37.50 44.89 77.05 28.35 ­  ­  Motilal  Os  Midcap100  Etf 30.87 31.30 176.68 32.45 17.00 ­ 
Repro 571.05 560.00 573.50 579.00 555.00 19.31 660.00 325.05 ­  556.95 Sumit.Sec 715.35 728.65 711.75 738.50 711.75 13.39 861.55 330.20 97 729.95 Vakrang   [1] 43.15 43.15 43.30 44.20 42.90 5830.76 69.85 24.40 ­  43.15 Motilal  Os  Nasdaq100  Etf 112.25 112.35 554.94 1143.10 100.66 ­ 
Resp.Ind   [1] 129.20 132.15 129.20 132.95 128.05 59.94 205.00 91.15 ­  131.65 SumitomoChem 413.70 414.65 415.30 420.45 413.60 506.26 459.90 265.00 ­  ­  ValiantOrgan 1456.30 1441.15 1475.00 1481.95 1430.10 81.48 3877.00 1121.00 ­  ­  MOTILAL OSWAL M50 ETF 171.95 171.41 4.38 194.00 105.95 ­ 
Revathi 567.75 558.25 587.00 587.00 548.25 3.90 842.25 401.90 30 563.00 Sun  Pharma   [1] 780.30 781.40 784.70 788.00 777.30 1996.84 804.40 452.60 89 781.40 Vard  Text 1922.30 1914.20 1934.90 1950.00 1894.10 46.61 2040.00 722.30 16 1913.75 MOTILALAMC  ­  G5 48.81 48.80 0.96 57.40 45.89 ­ 
RHIMagnesInd 387.45 400.45 397.80 407.00 391.60 441.28 407.00 181.25 ­  ­  Sun Phr Adv  [1] 291.45 293.55 292.00 297.00 292.00 539.88 311.90 141.00 ­  292.95 Vard.Acry 67.05 65.90 67.30 68.40 65.75 145.65 234.35 120.00 ­  216.10 NI I ETF NIFTY MIDCAP 150 112.22 113.74 176.99 118.82 59.00 ­ 
Rico  Auto   [1] 49.15 48.95 49.50 49.65 48.80 473.79 62.30 26.60 46 48.90 Sun  TV   [5] 488.65 512.15 494.00 514.85 494.00 5441.53 586.40 381.25 12 512.25 Vard.Hld 3288.85 3269.20 3328.40 3341.70 3240.00 0.39 3810.40 1202.00 81 3246.70 NiftyBeEs   [1] 187.11 187.54 738.02 189.50 115.05 187.49
RITES 274.05 275.30 274.90 278.75 270.95 220.01 302.95 232.40 15 275.35 Sund.Brak 403.20 401.60 409.85 411.45 400.10 5.83 480.05 185.00 16 400.70 Vard.SPC 265.15 264.45 266.00 270.35 263.00 124.22 309.30 65.20 13 264.75 NiftyJrBeEs   [1] 449.39 450.74 83.37 452.00 270.10 451.16
RKECProjects 80.80 83.15 82.90 84.60 80.20 25.24 117.00 36.55 ­  ­  Sund.Clay   [5] 3515.40 3510.10 3520.50 3544.75 3498.00 2.16 4244.95 1571.00 45 3513.95 VarrocEngg 264.55 260.90 267.90 267.90 260.00 535.70 477.65 260.00 ­  ­  NIIndETFLong 22.75 22.61 33.51 25.00 18.55 ­ 
Rohit  Ferro 3.45 3.75 3.75 3.75 3.75 17.75 4.75 0.71 ­  4.75 Sund.Fast   [1] 884.10 896.40 892.00 933.80 884.15 601.31 933.00 391.50 41 898.10 VarunBevera 928.70 931.45 936.80 941.90 912.45 392.25 954.40 430.14 103 931.05 NIPETFDivOpp 44.91 44.83 4.40 48.30 26.60 ­ 
RolexRings 1083.00 1077.10 1085.00 1094.40 1070.10 63.30 1263.00 1051.50 ­  ­  Sund.Fin 2530.95 2572.20 2543.65 2589.40 2520.05 44.42 2883.95 1274.00 34 2575.45 Vascon 26.00 25.95 26.00 27.05 25.50 606.93 29.60 8.11 ­  25.85 NIPP INDIA ETF NIFTY 100 182.30 182.78 1.67 199.20 96.05 ­ 
Rollatainers   [1] 2.25 2.25 2.25 2.30 2.20 443.67 5.11 2.05 ­  2.25 SundarFinHol 76.90 78.15 77.50 79.30 77.25 84.56 94.70 51.65 ­  ­  Vaswani 12.05 12.10 11.80 12.15 11.80 17.20 15.98 4.07 9 12.10 NippnInd­Nim 106.86 106.81 3.18 123.26 99.91 ­ 
RosariBiotec 1393.95 1422.40 1405.00 1432.70 1397.25 108.00 1462.80 740.95 ­  ­  Sunflag 82.20 82.00 82.40 83.25 81.70 350.58 96.55 38.65 7 82.00 Vedanta   [1] 308.55 303.20 309.25 309.25 302.55 8122.32 341.25 91.25 10 303.20 NippoIndETF 77.00 77.38 7.65 86.00 51.00 ­ 
Rossell   [2] 170.15 166.50 171.00 172.40 165.65 88.93 216.05 98.25 20 166.80 Sunteck   [1] 394.65 413.40 396.00 416.50 394.95 6993.30 418.90 244.05 124 413.40 Venky's 2961.90 2940.90 2969.00 3029.00 2910.00 111.80 3950.00 1280.80 15 2941.45 NIPPON  INDIA  ETF  NV20 97.40 98.00 6.32 101.20 57.31 ­ 
RouteMobile 2022.60 2013.15 2038.00 2054.00 2008.00 232.40 2307.00 625.00 ­  ­  Superhouse 168.85 176.35 169.45 178.45 169.45 55.11 187.20 78.00 7 176.00 VenusRem 480.90 482.15 481.00 499.00 480.00 104.65 638.50 100.30 18 481.50 Nipponamcnetfpharma 14.43 14.47 103.19 17.44 13.37 ­ 
Royal  Orchd 81.00 82.60 81.50 83.75 80.50 129.87 93.10 57.25 ­  82.35 Supr.Ind   [2] 2140.25 2147.05 2158.85 2169.90 2132.00 53.23 2338.45 1315.00 31 2147.05 VertozAdvtsg 97.40 96.90 96.90 100.65 96.50 204.86 322.00 96.40 ­  ­  PSU  Bk  BeEs   [1] 25.55 25.58 207.26 30.41 13.53 25.62
RPG  Life   [8] 612.35 612.70 616.00 629.00 607.10 69.44 648.00 339.70 23 612.80 Supr.Petro 703.00 709.95 713.00 713.00 696.65 191.73 820.00 204.15 10 708.45 Vesuvius 1171.65 1159.85 1182.45 1183.00 1149.80 4.14 1362.00 847.45 37 1152.75 Qgold   [100] 2024.00 2025.00 1.68 2277.00 1903.10 2025.00
RPower 13.90 13.85 14.55 14.55 13.4590157.30 18.36 2.42 ­  13.84 Suprajit   [1] 308.65 317.85 311.90 320.70 310.60 260.04 357.90 163.05 26 317.60 Veto  Switch 102.75 103.30 104.00 105.25 102.90 58.89 171.85 40.65 12 103.35 Qnifty 1805.00 1811.00 0.01 1831.68 1120.00 ­ 
RPP  Infra 81.30 82.80 84.50 86.05 82.50 504.68 103.45 40.20 11 82.80 SupremeEngg 30.50 29.50 29.70 31.35 28.50 69.32 40.05 20.90 ­  ­  V­Guard   [1] 260.60 259.00 261.70 264.15 256.05 503.75 285.00 162.00 51 258.85 RELCAPAMC ­ NETFGILT5Y 48.85 48.83 2.63 50.00 46.86 ­ 
RPSGVentures 785.75 844.50 794.00 853.70 791.80 337.83 853.70 210.60 ­  ­  Surana Solar  [5] 13.00 13.40 13.40 13.50 13.00 63.32 15.50 6.36 ­  13.36 VidhiSpclIng  [1] 386.35 379.20 389.35 401.00 370.10 335.79 400.20 86.25 44 379.85 RELCAPAMC  NETFIT 35.77 35.99 698.29 36.44 18.71 ­ 
RS  Soft   [5] 33.40 34.00 33.50 34.80 33.40 46.97 45.40 18.50 ­  34.00 Surana  Tel   [1] 6.30 6.35 6.40 6.40 6.20 90.23 8.38 3.50 ­  6.40 VijayaDiagnosti 531.00 620.10 540.00 648.00 532.5022194.86 648.00 532.50 ­  ­  RELCAPAMC­NETFSDL26 105.89 105.89 0.10 108.74 100.93 ­ 
RSWM 318.00 325.20 322.70 330.00 319.10 50.30 438.75 84.25 6 324.75 Surya  Rosh 576.00 579.90 579.50 587.25 561.10 169.09 610.05 164.70 16 583.60 VikasEcoTec  [1] 2.10 2.20 2.10 2.20 2.10 9164.64 5.09 1.17 ­  2.19 SBIAMC  ­  SBIETFCON 71.11 71.31 6.92 72.00 62.00 ­ 
Ruby  Mills   [5] 301.20 296.60 303.50 303.50 293.25 47.58 349.30 147.00 18 295.85 SuryodaySFB 179.60 215.50 192.00 215.50 190.15 3777.27 296.35 138.50 ­  ­  VikasPro&Gnt 2.25 2.20 2.25 2.25 2.20 617.86 3.75 2.00 ­  ­  SBIAMC  ­  SBIETFIT 355.59 359.72 1.74 385.80 201.20 ­ 
Ruch.Paper 78.65 79.80 79.45 80.00 78.55 64.60 105.60 45.30 14 79.75 Sutlej  Te   [1] 67.05 66.00 67.05 67.90 65.75 167.12 81.05 22.50 16 66.10 VikasWSP 4.80 4.80 4.85 4.95 4.75 445.74 8.05 3.65 ­  ­  SBIAMC  ­  SBIETFPB 189.52 190.00 0.30 202.95 130.60 ­ 
RuchiSoyaInd 1067.10 1063.70 1070.00 1080.00 1060.05 16.04 1376.70 575.00 ­  ­  SuumayaLife 527.95 517.05 539.00 539.00 511.00 31.43 736.85 62.25 ­  ­  Vimta  Lab   [2] 287.10 305.90 290.00 308.20 288.05 165.96 346.35 103.50 22 305.50 SBIAMC  ­  SBIETFQLTY 156.53 156.48 1.93 159.78 101.00 ­ 
RudrabhshEnt 225.15 219.75 227.75 231.70 215.05 30.07 280.00 97.05 ­  ­  Suven  Lif   [1] 84.20 84.20 84.20 86.00 84.00 177.13 115.80 42.05 ­  84.20 Vinati  Org   [1] 1930.75 1919.35 1939.40 1950.85 1902.15 61.83 2130.00 993.65 71 1919.30 SBIAMC  ­  SETF10GILT 205.21 205.20 0.22 241.70 181.02 ­ 
Rupa    [1] 468.40 465.50 469.40 472.30 461.10 166.53 547.00 173.75 20 463.70 SuvenPharma 532.25 538.35 532.25 540.00 524.90 209.08 825.00 291.60 ­  ­  Vindh.Tel 1177.85 1176.55 1175.00 1204.20 1170.00 18.60 1499.00 662.35 13 1179.40 SBI­ETF  Gold 4179.00 4177.55 6.41 5044.60 3935.00 ­ 
Rush.Decor 263.80 268.75 265.00 275.95 262.80 27.09 328.70 68.00 61 270.40 SuvidaInfSvc 18.90 18.30 18.85 19.20 18.15 270.63 59.65 18.15 ­  ­  VineetLabs 80.95 80.30 81.30 83.00 80.00 19.40 124.00 61.00 ­  ­  SBI­ETF  NIFTY  50 177.10 177.49 159.27 178.99 112.01 ­ 
Suzlon   [2] 6.25 6.50 6.30 6.55 6.2541938.49 9.45 2.71 ­  6.51 Vinyl  Chm   [1] 227.10 231.65 229.20 235.00 228.30 282.77 244.25 92.95 26 231.65 SBI­ETF  NIFTY  BANK 364.31 365.42 45.46 386.80 204.00 ­ 
S ................................................. SVPGlobalVen 138.75 148.35 140.80 164.85 137.00 1312.49 164.85 101.20 ­  ­  VIP  Ind   [2] 483.00 484.15 485.70 488.45 481.05 253.25 503.70 269.40 ­  483.70 SBI­ETFNN50 443.61 444.33 26.37 454.80 250.80 ­ 
S  H  Kelkar 164.05 167.60 165.80 173.50 165.30 551.03 189.80 76.30 29 167.50 Swan  Ener   [1] 136.25 137.15 137.00 138.90 135.90 84.71 175.55 108.20 ­  137.10 Vipul  Ltd   [1] 33.35 32.25 32.05 33.80 32.05 15.71 41.90 12.00 ­  32.85 Sharia  BeEs 453.91 454.89 0.66 460.00 277.20 455.50
Sadbhav   [1] 50.40 51.00 51.00 51.90 50.50 630.86 96.30 37.00 12 50.95 Swaraj  Eng 1685.55 1679.85 1702.00 1702.00 1677.65 6.83 1989.90 1254.95 17 1681.45 Visa  Stl 10.15 10.30 10.60 10.60 10.00 37.70 14.80 5.24 ­  10.25 TATAAML  ­  NETF 214.17 215.02 0.13 215.05 120.26 ­ 
SadbhavInf 15.30 15.85 15.55 16.00 14.85 1824.43 41.50 14.90 ­  15.80 Swle.  Ener 219.25 228.20 217.50 231.00 217.50 24.59 280.00 109.00 22 227.20 Visagar   [1] 0.75 0.75 0.80 0.80 0.75 2536.31 1.91 0.30 ­  0.77 TATAAML  ­  NPBET 187.29 190.26 1.66 219.98 105.53 ­ 
SafariIndia 871.30 853.65 879.70 879.70 848.00 13.04 886.85 356.00 ­  ­  Symphony   [2] 998.15 1002.15 1009.00 1017.00 993.35 62.82 1529.65 811.00 59 1002.80 Visak.Ind 698.70 697.15 699.00 709.00 693.80 20.58 873.55 282.30 10 697.35 UTI  Gold   [1] 41.35 41.25 60.60 48.00 39.21 41.28
Sagar  Cem   [2] 272.65 274.35 276.95 276.95 273.00 59.24 319.00 93.13 19 274.15 SynergGreen 152.50 149.25 152.50 154.20 148.15 8.05 200.00 142.25 ­  ­  VishalFabric 116.20 112.30 116.05 116.60 110.40 461.01 142.75 40.70 ­  ­  UTIAMC  ­  UTIBANKETF 36.47 36.64 4.53 428.00 26.40 ­ 
SAIL 120.25 120.65 120.95 121.70 119.7022858.81 151.10 32.65 6 120.65 Syngene  Int 668.80 667.10 671.80 674.95 662.00 1605.71 699.95 467.65 68 667.10 Vishnu  Chemi 695.90 730.65 728.00 730.65 700.00 91.05 728.10 137.50 44 728.10 UTIAMC  ­  UTINEXT50 44.73 44.86 7.81 435.30 33.00 ­ 
SakarHealth 162.65 160.75 166.00 166.00 159.65 45.55 212.00 66.50 ­  ­  VishwarajSug 149.00 148.75 149.00 150.10 143.55 340.32 169.70 85.90 ­  ­  UTIAMC  ­  UTINIFT 1826.05 1825.40 1.69 1862.00 1150.00 ­ 
Saksoft 896.75 993.25 900.00 1000.00 899.10 586.55 1000.60 253.00 60 988.75 T ................................................. Vivi  Lab   [2] 21.45 21.85 21.50 22.30 21.50 192.02 41.50 12.90 ­  21.80 UTIAMC  ­  UTISENS 611.20 611.45 0.63 648.70 395.50 ­ 
SalasarTech 294.95 291.50 294.00 296.20 289.70 26.20 370.75 85.00 22 291.80 Taj  GVK   [2] 132.40 133.30 133.65 136.90 132.55 337.94 154.55 102.20 ­  133.40 VLS  Fin 199.85 201.10 204.85 206.60 200.05 36.94 264.85 51.00 3 204.05 UTIAMC  ­  UTISXN50 48.20 48.80 0.30 426.90 37.10 ­ 
SalonaCot 203.55 202.50 204.00 206.30 201.75 1.24 249.75 42.20 10 204.85 Take  Sol   [1] 52.30 52.75 52.65 53.35 52.00 784.64 74.65 39.10 ­  52.80 Voltamp 1395.65 1401.25 1402.65 1412.85 1386.75 12.91 1686.00 960.00 13 1402.15
Salzer  Elec 160.15 160.35 161.60 163.55 159.70 50.72 189.60 89.00 11 160.35 Talbros 282.10 281.50 284.75 286.45 280.50 26.97 356.75 100.00 10 282.10 Voltas   [1] 1213.05 1227.75 1218.65 1234.00 1213.25 2076.58 1233.90 640.00 69 1227.85 *:  Closing  price  is  the  average  of  trade  price(s)  for  the  last  half  an  hour;52­Week  High/Low  figures
Sanco  Ind 8.40 8.35 8.60 8.60 8.20 10.01 21.50 6.90 ­  ­  Tanla  Sol   [1] 887.60 869.80 886.00 886.00 865.00 77.01 1030.00 240.10 86 870.35 VRL  Logistic 344.10 344.20 333.85 348.00 333.85 199.96 354.75 149.00 30 343.90 pertain  to  BSE.
Sandesh 777.70 793.20 783.10 804.90 775.00 5.49 1079.00 460.50 7 790.10 Tarmat 63.45 63.65 64.80 64.80 63.55 27.17 98.00 34.55 15 63.70 VST  Ind 3424.50 3431.50 3404.50 3475.60 3404.50 5.76 4048.30 3125.00 17 3430.30 Shares  of  face  value  other  than  ₹10  is  indicated  in  brackets  immediately  following  the  name  of  the
SandharTech 278.40 282.80 278.00 290.00 278.00 59.30 323.05 175.00 20 282.80 TastyBiteEat 18706.55 18792.35 18706.55 19060.00 18606.25 2.21 21470.50 9949.95 107 18813.00 VST  Til 2726.50 2676.10 2732.00 2773.75 2635.20 18.98 2898.90 1504.30 24 2681.10 company.
Sangam 139.70 146.65 137.75 146.65 137.75 50.30 173.80 45.10 12 145.50 Tata  Chem 837.30 835.75 839.00 842.80 830.90 819.66 891.90 273.55 36 835.55
Sangh.Mov   [2] 179.60 179.45 178.20 182.30 178.20 44.11 229.85 67.00 ­  179.80 Tata  Cof   [1] 208.25 208.20 210.00 210.35 207.50 942.62 246.75 91.15 33 208.25 W ................................................ Qty  (No  of  shares  traded)  is  denoted  in  thousands.
Sanghi  Ind 70.30 69.65 70.40 71.95 69.50 682.55 84.70 23.00 18 69.60 Tata  Com 1346.80 1359.90 1357.95 1379.15 1350.00 245.97 1527.90 775.00 36 1359.25 Wabco  Ind   [5] 7308.60 7291.20 7390.00 7399.90 7250.00 15.78 7870.45 4770.15 88 7295.05 The  PE(price­earnings  multiple)  of  each  stock  is  based  on  the  latest  declared  earnings.
SanginitChem 27.00 28.10 27.40 28.30 26.75 201.25 90.65 18.00 ­  ­  Tata  Elxsi 5009.30 4987.00 5018.00 5057.90 4970.00 147.81 5066.75 1160.80 75 4982.75 Walch.Ind   [2] 61.20 60.50 61.55 62.85 59.95 514.73 92.00 43.75 ­  60.55 The  PE  computation  takes  into  account  the  per  share  earnings  of  each  company  for  the  latest  12
Sanofi 8213.45 8190.35 8240.00 8240.00 8163.00 8.64 9300.00 7427.75 33 8191.75 Tata  Inv 1274.35 1276.15 1280.75 1290.00 1261.80 36.15 1385.00 794.90 40 1272.20 Waterbase 116.10 117.45 116.90 119.70 116.00 164.93 145.90 95.70 ­  ­  months.

BSE Stocks
C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C

7Seas 16.35 15.65 Bdh Indus. 125.50 125.50 Dodla 539.05 535.80 Him.Fibres [1] 4.34 4.45 Kirlosar Pn [2] 389.95 377.75 Modulex 17.60 17.25 Premco Glob. 490.35 489.00 Shil [2] 427.60 448.95 Tejnaksh 90.65 91.55 Zf Steering 461.70 445.45 Grwrhitech 1017.55 1018.75 Rpel 810.30 799.60
A.Sarabhai 29.55 29.50 Bectorfood 412.85 423.25 Dolphin Medi 3.05 2.90 Hind Alumin 36.85 39.50 Kirloskar El 17.85 17.85 Mol [1] 114.60 120.25 Premier Cap[1] 5.21 5.12 Shilchar Tec 202.15 201.00 Texel Indus. 63.10 62.30 Zomato [1] 143.20 144.10 Guj.Stat.Fin 6.86 6.84 Scapdvr [1] 8.64 9.05
Aarey Drugs 37.50 37.95 Beekay 394.35 381.50 Dynamic 76.45 72.65 Hind.Everest 850.85 838.80 Kisan Mould. 17.25 17.45 Monarch 139.65 143.95 Prima Plasti 125.15 127.35 Shilp Gravur 119.00 118.70 Tgvsl 41.70 43.95 I.C.D.S. 137.05 130.20 Tarc [2] 39.45 38.80
Aartisurf 1410.25 1639.80 Bellacasa 131.30 133.50 Easemytrip [2] 521.85 519.10 Hind.Foods 2036.75 2015.25 Kkalpanaind [2] 51.10 49.65 Morgan Cru [5] 1012.30 1030.35 Princepipe 727.00 715.30 Shiv.Bimetal [2] 213.45 211.80 Thinkink [5] 42.25 42.35 Group T
Iwel 677.85 645.05
AbmKnowled[5] 124.60 131.15 Bengla& Asm 2384.95 2385.70 Eastwest [2] 7.25 7.11 Hind.Tin Wrk 127.85 127.65 Kmc Shil [1] 69.40 82.80 Moschip [2] 40.00 40.55 Prism Medi 6.42 6.20 ShivCement [2] 35.85 35.75 Tiaanc 13.02 12.60 Vikaslife [1] 3.18 3.24
Nilaspaces [1] 1.70 1.66
Acemen 14.45 15.10 Beryl Drugs 12.08 12.17 Eco Board In 15.95 16.40 Hindustn Bio 3.84 3.67 Kocl 2.71 2.83 Mpl 5.21 5.22 Prismx 108.05 111.10 Shiva Fert. 66.35 69.65 Tiger Logs 128.15 134.55 Avl 891.95 936.05 Palmjewels 30.40 30.50 Vsl 115.85 118.70
Aci Infocom [1] 1.27 1.26 Bestagro 816.75 788.75 Ecoreco 72.20 72.15 Hleglas 4622.50 4623.80 Kotaknifty 182.89 182.98 Msl 83.15 90.80 Pritikauto [2] 18.30 18.15 Shivalik [5] 977.15 968.00 Tiindia [1] 1340.70 1341.45 Bh.Immun&Bio 58.05 58.55 Raj Glo Wir 2033.00 2029.80 Xelpmoc 397.10 406.80
Acrycil Ltd. [2] 639.00 658.90 Bgjl 16.20 16.30 Elantas 3759.85 3735.55 Homefirst [2] 574.55 574.60 Kothari Ferm 65.10 65.10 Mstc 317.80 313.20 Ptcil 2738.35 2721.60 Shree Global [1] 6.46 6.14 Timex Group [1] 49.60 48.85 Darshanorna 66.00 63.65 Relhome 4.41 4.63 Zeal 95.95 91.20
Adarsh Plant 6.87 7.14 Bhagira.Chem 655.25 650.25 Eldeco Hous. 3159.00 3108.35 Huil 5638.45 5599.65 Kpel 99.35 100.30 Mtartech 1406.00 1419.60 Ptil 446.85 462.00 Shreeganes 141.30 139.30 Tinnarubr 92.20 90.35
Adcindia 361.60 345.65 Bhagwati Oxy 40.65 42.60 Elpro Inter [1] 60.10 60.50 Icicialplv 185.23 183.32 Kpiglobal 119.95 125.80 Multibase I 250.50 254.45 Pun.Alkali 116.20 116.55 ShrJagdamb [1] 1192.70 1194.10 Tirupati Sar [5] 7.15 7.22
Aditya Spin. 13.12 13.77 Bharat Seats [2] 80.00 79.75 Emmessar Bio 32.50 32.95 Icicilovol 142.49 142.76 Kpittech 327.85 329.80 N.R.Agarwal 312.50 329.25 Pvvinfra 6.06 6.02 Shyammetl 413.40 406.75 Titan Biotec 341.10 347.90 NSE Trade for Trade
Ador Fontech[2] 69.30 72.65 Bharatagri 181.90 179.90 Enterpr.Inte 14.31 15.01 Icicim150 112.49 113.69 Kriti Nutri [1] 42.05 42.00 Narayani 31.05 30.85 Pwasml 43.35 52.00 Sika Inter. 597.60 595.80 Titan Secur. 17.15 17.15
Ador Multi. 136.50 131.25 Bhatia 133.00 139.65 Equitasbnk 59.85 60.70 Icicinv20 94.64 95.78 Krl 292.95 293.55 Narmada Gel 213.40 210.80 Raclgear 496.60 505.30 Sikozy Real [1] 1.23 1.25 Toyamind [1] 2.88 3.0 C m P C C C m P C C C m P C C
Advikca [1] 2.96 3.04 Bhilwra Tec [1] 17.98 17.09 Escort Finan 4.50 4.72 Icicinxt50 [1] 43.79 44.10 Krrail 21.00 20.45 Nat Plastic 67.50 68.35 Radiocity [2] 23.10 23.70 Simran Farms 107.00 105.50
Ael [5] 26.30 27.60 Bihar Sponge 11.86 12.00 Essar Secu 4.00 4.02 Icicitech 356.62 360.14 Krsnaa [5] 869.40 864.45 Nat.Peroxide 2298.05 2482.25 Raghunath In 13.58 13.55 Sinclair Hot [2] 71.10 70.20 H C
Afel 34.70 35.50 Bilcare Ltd. 75.00 75.55 Everest Org. 307.55 312.05 Iiflsec [2] 95.35 94.25 Krypton Ind 13.68 13.54 Nat.Plastic 35.80 36.25 Raghuvir Syn 695.45 714.00 Singer India [2] 63.70 62.35 A m M M
Agiil 180.15 171.20 Binny Ltd. [5] 268.70 267.50 Evexia [2] 15.25 15.05 Iiflwam [2] 1690.35 1664.60 Kuantum [1] 77.00 75.40 Nathind 95.30 96.10 Railtel 126.90 132.10 Sintexplast [1] 4.04 4.05 A w W V V
Agol 39.50 38.25 Binny Mills 197.90 203.30 Expo Gas [4] 8.25 8.66 Inani Marble [2] 22.65 22.70 Kushal [2] 4.00 3.95 Natraj Prote 83.80 82.30 RajaBahad[100] 7578.10 7957.00 Sisl 534.40 536.95 M A V
Aiil 1343.45 1310.45 Biogen [1] 0.72 0.69 Exxaro 154.00 154.95 Ind.Acrylics 16.30 16.00 Laffans Petr 31.35 32.90 Natural 26.60 27.60 Rajkumar Frg 53.80 52.70 Skcil 57.60 57.00 V N w M
Aimco Pesti. 103.70 104.60 Birla Pretec [2] 12.05 11.96 Facor Alloys [1] 4.08 4.08 Ind.Toners 147.65 149.90 Lakshmi Elec 405.20 414.85 Natural Caps 162.55 160.40 Rajoo Engin. [1] 25.20 25.15 Skyl Millar [1] 10.67 10.69 A AN W
Ajanta Soya 133.50 128.15 Birlatyres 24.60 24.70 Fairchemor 1902.25 1879.70 IndagRubber[2] 86.90 86.70 Lancer 303.15 318.30 Navkar Build 49.70 50.85 Ram Rat.Wir[5] 131.30 131.50 Smcglobal [2] 75.90 75.60 Am W m
Akashdeep 38.00 37.70 Bla Ros Ind [1] 195.95 202.50 Faze Three L 317.80 302.70 India Gelat. 121.40 120.80 Latimmetal 88.55 87.15 Nazara [4] 1922.85 2036.05 Rama Phosph 310.05 310.05 Smgold 143.50 147.50 A O m
Alexander 19.35 18.65 Bmw [1] 42.00 41.25 Faze3auto 131.50 130.70 India Home 40.95 39.00 Lee&Nee Soft 3.94 4.14 Ncl Research [2] 1.27 1.33 Raminfo 63.60 61.85 Smruthiorg 315.95 329.90 U C m A G C
Alfl [1] 1.24 1.20 Bnaltd 208.00 233.65 Fermenta [5] 275.90 287.15 Indiamart 8702.20 8778.70 Lehar 45.00 43.10 Neogen 1169.45 1159.20 Rasi Electro [2] 5.86 6.34 Smslife 717.35 732.35 U w A C m C
Alka India [1] 0.52 0.51 Bodhtree 34.20 35.90 Fiberwb In 44.10 44.65 Indian Info. [1] 1.39 1.36 Lelavoir 69.85 69.80 Netfsnx150 48.00 48.52 Rathi Bars 26.65 26.30 Snl Bearings 234.80 232.70 U A D M w
Alu Fluoride 313.90 304.05 Boroltd [1] 238.40 227.55 Filat Fash [5] 3.05 2.90 Indian Sucro 43.90 45.50 Leshaind [1] 9.68 10.06 Newlight 72.85 73.10 Rci Ind 8.05 8.31 Solara 1677.70 1694.00 U A A KD
Amal Product 398.20 392.85 Bp Capital 10.89 10.35 Flex Foods 106.15 110.25 Indigopnts 2589.55 2575.75 Likhitha 396.30 395.65 Ngil 97.55 102.20 Rdb Rasayan 96.75 94.85 Solitair Mc 32.30 34.00 U m A H m
Amfl 1.86 1.87 Bplpharma 377.10 376.10 Fluidomat 130.00 130.15 Indo Amines 237.50 247.80 Lkp Fin 121.80 121.45 NglFine Chm [5] 2940.55 2932.70 Rdb Realty 31.50 34.60 Sonacoms 583.55 571.85 U O A A
Amines&Plast [2] 121.60 121.25 Burgerking 158.30 159.90 Fluorochem [1] 1695.75 1692.95 Indoboraxc 1755.15 1842.90 Lkpsec [2] 13.40 13.17 Nibe 58.45 57.35 Regentrp 1.95 2.13 Sourcentrl 146.70 141.80 U D A W m
Amintan [1] 2.03 2.00 Cams 3604.60 3607.45 Foods & Inns [1] 67.25 67.50 Indokem Ltd. 34.45 36.15 Llficl 88.55 87.40 Nikhil Adhsv 758.70 760.85 Rel.Chemotx 174.50 172.50 Spandana 624.35 625.20 U A m K D
Amiorg 0.00 934.55 Caprihans 147.30 146.75 Forbes & Co 4084.45 4022.00 Indrayani Bi 18.59 19.51 Lloyds Met E [1] 78.25 82.15 Nile Ltd. 542.40 551.70 Remlife 132.00 131.50 Spel Semicon 16.55 17.00 U A m K
Amrawor Agr[1] 0.46 0.44 Captain Poly [2] 30.05 28.10 Force Motr 1411.55 1462.75 Insilco Ltd. 6.25 6.47 Lodha 1062.30 1046.60 Niraj Cement 43.65 43.35 Resonance 229.20 243.40 Spencer [5] 115.75 115.60 U m H K & w w
Andhra Petro 149.15 153.20 Cartrade 1519.75 1512.40 Fortis Mlr 67.90 68.40 Int.Conveyor [1] 76.30 75.25 Lords Chloro 61.85 62.00 Nirlon 310.80 314.95 Rexnord Ele. 52.40 51.50 Spicejet Ltd 69.80 71.95 U O K m
Andrew Yule [2] 24.50 24.45 Ceinsystech 159.50 161.75 Fredun 393.05 462.10 Integra Eng [1] 62.45 63.60 Lotus Choc 32.90 34.50 Nitta Gela 249.05 248.65 Rgrl 27.55 27.10 Sportking 4968.95 5216.95 U ANKA O OO K A
Angelbrkg 1295.30 1278.95 Cenlub Indus 80.90 79.75 Freshtrop Fr 109.20 113.65 Integra Tele 67.55 70.10 Loy.Tex Mill 698.95 674.60 Niyogin 84.60 82.60 Riba Textils 42.75 42.05 Srd 89.40 90.90 U V K M
Anjanifoods 210.75 210.00 Chamanl Se [2] 117.55 120.55 Frontier Spr 289.50 282.10 Inter.Travel 82.70 81.00 Loyal 30.05 31.60 Novartis [5] 836.60 851.00 Rishiroop 108.75 107.70 Srestha [2] 3.27 3.36 V C mm W K m
Anmol 196.60 193.80 Chandni Te 45.65 45.70 G.V.Films [1] 0.75 0.72 Invest &Prec 341.65 339.70 Ludolow Jute 86.90 86.90 Ntc Indust 77.40 78.80 Ritesh Inter 30.00 29.45 Sri Digv Cem 79.20 79.30 V C K A
Anuh Pharma[5] 114.65 119.10 Chandra Prab 143.90 151.05 Ganesh Benz[1] 79.80 80.25 Ion Exchange 2314.55 2275.35 Luharuka [1] 1.05 1.00 Nureca 1628.20 1646.50 Rnb Denims 156.30 157.45 Sri Kpr Ind 22.05 23.10 V m K
Anup 1073.35 1096.45 Charterlogis [1] 5.11 5.11 Garmntmntr 155.95 158.65 Ipl [1] 325.80 322.55 Lxchem [2] 542.60 569.70 Nuvoco 544.70 553.05 Rolexrings 1084.30 1078.30 Starhfl 88.60 87.10 V m m H m V
Anupam 13.67 14.35 Chdchem 6.57 6.71 Garnet Const 23.50 24.30 Ircon [2] 45.20 45.30 Machino Plas 120.25 118.40 Nyssacorp [1] 6.27 6.17 Rossari [2] 1395.30 1424.35 Starteck 132.80 126.20 V m A
Anuras 742.45 738.75 Chemb Chm [5] 228.55 227.45 Gayatri Bio 10.84 10.56 Irctc 3436.25 3737.15 Madhavipl [1] 3.97 3.97 Oal [5] 1008.95 1044.50 Roto Pumps [2] 254.60 305.50 Std.Surfact. 134.40 141.10 V m mG G M
Apm Indus. [2] 33.15 33.20 Chemcon 440.45 465.40 Gee Ltd [2] 86.75 89.80 Irfc 22.95 22.95 Madhus.Ind. [5] 27.35 28.70 Obi Ltd 3.67 3.57 Route 2022.50 2014.35 Steel Exch 78.15 77.50 V
Apmfinvest [2] 36.05 35.80 Chemplasts [5] 561.75 559.20 Gemstone In[1] 1.49 1.49 Isec [5] 718.05 732.25 Madrasfert 29.20 29.30 Odyssey Tech 47.25 46.15 Rril [5] 12.00 12.02 Steelcast [5] 216.95 214.20 V C CO m
Apollo Fin I 600.65 628.05 Cheviot Co. 1317.85 1328.15 Gencon [5] 45.60 45.00 Isgec [1] 729.45 795.05 Mafang [40] 54.59 54.27 Ok Play (I) 36.00 36.55 Rubfila Int. [5] 112.70 117.05 Stl Str Inf 30.45 31.95 V M A m m
Apollotri [2] 1723.15 1727.50 Choksi Imag 28.15 28.40 Gennex Lab [1] 7.55 7.26 Ishan Dyes 95.05 95.80 Mafatlal Ind 137.30 143.00 Orchasp [2] 3.10 3.24 Rvnl 30.20 30.30 Stovac Ind. 2548.90 2527.20 V C M V m
Aptus [2] 362.05 361.30 Chordia Food 139.70 136.00 Genpharma [1] 8.06 8.13 Isw Ltd [1] 1.33 1.30 Maha Corp [1] 0.52 0.51 Orientelec [1] 336.75 357.60 S.I.Paper 136.90 138.25 Stovekraft 950.65 939.90 V C M A C
Architorg 44.55 45.70 Cianagro 41.50 42.50 Ggeng [2] 22.30 21.20 Itl Industrs 140.60 138.20 Mahepc 138.15 140.45 Orirail [1] 84.70 85.05 Saboo Sodium 18.55 18.85 Sukjit Strch 299.35 304.45 V C C H M m m
Arihant Cap. [5] 140.00 139.65 Clean [1] 1672.00 1698.15 Ggl 14.35 15.06 Jagan Lamps 51.30 52.10 Majestic Aut 118.30 119.65 Osiajee 39.20 39.10 Sacheta Met. 17.80 17.00 Sumedha Fisc 27.60 28.55 V C M m
Artemiselc 56.65 57.90 Cmm Hospital 20.45 21.45 Ggpl [5] 34.50 32.65 Jaibala Ind 54.50 54.15 Makers Lab. 219.80 214.80 Ozoneworld 7.90 7.51 Sadhana Nitr[1] 35.80 36.75 Sumichem 413.80 414.70 V W C V M w mC
Artemismed 380.30 370.40 Cni Res Ltd [1] 1.75 1.77 Gitarenew 93.05 88.40 Jameswarren 246.75 242.85 Mallcom 679.70 680.00 P.G.Foils 269.70 283.15 Safari Ind. [2] 871.80 856.05 Sunil Agro F 50.35 55.35 V C M M M
Artson Eng [1] 52.70 51.55 Coast Corp 253.00 258.65 Gland [1] 3810.25 3812.60 Jasch Indust 137.70 139.70 Mancredit 60.45 60.25 Pacific Ind. 358.95 384.75 Sagarprod [1] 2.47 2.44 Sunshield Ch 310.00 311.35 V m m D m M N
Ashikacr 43.10 45.05 Cochin Min. 131.95 132.10 Glosterltd 1205.55 1168.60 Jaykay [1] 58.75 57.00 Mangalam In[1] 4.21 4.00 Pan India C 1.00 0.95 Sagarsoft 193.90 200.05 Super Crop. [2] 6.99 6.98 V D M m C
Ashirwa Cap [1] 4.58 4.81 Cockerill 965.10 969.95 Gls [2] 664.20 685.50 Jayshri Chem 6.46 6.78 Manorama 1486.20 1682.75 Pana Energ 302.55 294.35 Sahya Indu 698.90 687.00 SuperTanner [1] 4.86 4.79 V DCM M
Ashirwad Stl 10.26 9.91 Comfort Com 9.95 9.51 Gnrl 11.00 10.95 Jaysn Dyest [1] 82.30 82.35 Manorg 655.05 646.00 Panafic [1] 0.32 0.32 Saint­Gobain 62.65 62.50 Superior 183.75 193.15 V DCM M
Ashok­Alco 87.80 88.80 Competent Au 208.75 205.85 Godavari Dru 74.45 75.60 Jct Ltd [2] 3.12 3.27 Manvijay [1] 71.20 74.75 Panth 8.90 9.40 Samkrg Pist. 185.00 183.90 Supreme Ho 19.25 19.45 V D M m
Asian Tea 18.75 18.15 Concord 26.00 25.70 Goldcorp 147.25 154.60 Jenburkt Ph. 492.25 488.30 Maris Spin. 60.75 59.00 Paramone 25.50 30.15 Samrat Pharm 199.35 203.40 Surat Text. [1] 10.12 10.62 V D M m W
Asianene 143.65 142.05 Coral Lab. 402.25 403.55 Golden Lami [5] 1100.45 1225.30 Jindal Hotl 29.80 30.50 Master Trust [5] 96.95 98.05 Parleind 8.78 8.78 Sandu Pharma 54.00 54.20 Suryamba Sp 152.30 159.90 V D M
Asiil [1] 16.19 15.88 Corpor Cour 5.94 5.94 Golkunda Dia 68.50 71.90 Jkagri Gen 719.40 719.25 Maxhealth 386.35 398.15 Parmax 41.05 42.00 Sandur Mang. 1893.85 1897.15 Suryoday 179.40 215.25 V w D M m
Asm Technolo 251.85 250.75 Cosmo Ferr. 73.05 76.70 Goodricke 253.10 250.95 Jstl 96.85 96.60 Maxindia 72.90 73.75 Parvati [5] 5.26 5.22 Saninfra 179.75 182.85 Suvenphar [1] 533.55 537.20 V D N w
Aspira 67.55 69.10 Cosyn 26.20 25.20 Goodyear (I) 1019.60 1027.20 Jtl Infra 815.25 814.25 Mayukh [5] 36.00 36.70 Pas.Acrylon 30.80 29.70 Sanjivani Pa 30.60 29.65 Suvidhaa [1] 18.90 18.50 V m N
Asrl 142.00 140.95 Craftsman [5] 1971.55 1966.20 Goyal Asso. [1] 4.38 4.58 Jublingrea [1] 741.45 774.05 Mazdock 246.60 250.05 Patel Airtem 192.35 193.35 Sankhya Info 5.01 5.15 Suyog Tele 398.05 397.50 V m N N M
Asso.Alcohol 442.85 444.10 Cressanda So[1] 2.05 2.15 Grauer& Weil[1] 61.45 64.45 Jumpnet [5] 8.71 8.79 Medi Caps 45.90 45.25 Paushak Ltd 8400.25 8386.35 Sappl 320.00 324.05 Svam Softwar 3.80 3.81 V N w
Asyainfo 6.30 6.17 Cslfinance 115.25 115.00 Gravity (I) 4.11 4.10 Jupiter Info 22.85 23.70 MediaMatrix [1] 6.03 6.34 Pbm Polytex 137.00 134.95 Sat Ind Ltd [2] 29.85 29.70 Svaraj Trad 10.39 10.90 V G w D N m
Atharv Ent 1.59 1.66 Ctl [1] 6.70 6.47 Greencrest 5.10 5.17 Jyoti Ltd. 9.76 9.76 Medicamen Bi 625.50 620.25 Pcs Tech 12.72 12.09 Satia [1] 98.05 98.85 Svartcorp [1] 4.36 4.41 Vm G & ND A C m K
Atv Projects 8.93 8.86 Dai­Ichi Kar 400.40 403.55 Greenpanel [1] 307.45 301.00 Jyoti Resins 852.55 846.70 Medinova Dia 53.45 56.10 Pee Cee Cosm 149.25 151.40 Sauras.Cem. 100.75 100.50 Svcind 2.80 2.86 V G N w W W
Auro Lab. 124.90 126.70 Danlaw Tech. 234.55 242.90 Grinfra [5] 1580.00 1570.00 Kabsons Indu 8.10 8.50 Mega Corpn. [1] 1.30 1.28 Perm Magnets 364.15 364.10 Saven Techn [1] 27.55 27.60 Svpglob [1] 138.45 148.50 W G N m
Avantel Ltd 728.05 731.55 Darjeeling 4.98 5.15 Grm Overseas 999.00 1048.95 Kallam [2] 17.90 17.15 Megrisoft 278.05 264.15 Pharmaids Ph 14.40 14.30 Sawaca Busi 3.12 3.00 Swasti Vinay [1] 6.75 6.57 W G NK w
Avonmore 38.70 38.25 Deccangold [1] 20.05 19.95 Gstl 56.55 59.55 Kalyankjil 65.80 66.60 MenonPiston[1] 36.70 36.90 Piccadily Ag 20.10 20.50 Sbec Sugar 23.70 24.80 Swsolar [1] 359.35 361.30 W O C
Awhcl [5] 406.45 445.65 Decipher 33.65 35.20 Guj.Hotels 159.80 158.05 Kamaholding 10927.30 11276.05 Mescon 13.47 13.65 Piccadily Su 13.46 13.97 Sbicard 1086.65 1061.10 Synco Form. [1] 6.11 6.05 W D w O G
Axtel Indus. 322.80 323.50 Deep 183.70 187.40 Guj.Themis. [5] 438.65 523.60 Kanchi 875.75 865.35 Metroglobl 79.00 77.05 Pix Trans 799.50 800.70 Sbisensex 612.87 615.52 Systamatix C 334.95 315.55 W G C Om A
B.N.Rathi Se 40.80 40.30 Deepak Spinn 291.40 281.60 H.P.Cotton 92.00 92.95 Kanelind 2.12 2.21 Mfl 673.85 741.20 Pmcfin [1] 1.94 1.95 Scandent 22.80 23.50 T & I Global 143.25 141.00 W D G O C A N
B2b Soft. 31.50 32.45 Deepind 150.65 144.25 Halder 860.70 903.70 Kanpur Plast 262.10 253.00 Mfl India [1] 0.36 0.35 Pml 1549.05 1608.10 Scanp Geom [2] 14.80 14.45 Taalent 1011.80 1029.50 W G O O w
Ba Pack 246.15 258.45 Delton Cable 42.65 42.40 Haldyn Glass [1] 39.05 38.70 Kapilraj 9.58 8.98 Milkfood 344.60 346.75 Poel 46.95 47.35 Scanstl 49.40 48.45 Talbroseng 255.00 246.45 Wm G O m H
Baba Arts [1] 17.10 17.65 Denis Chem 67.80 65.90 Happstmnds [2] 1480.10 1499.05 Kcp Sugar In [1] 21.70 22.45 Minaxi Text. [1] 1.08 1.13 Polson Ltd. [50] 12459.75 14951.70 Seacoast 224.05 218.00 Taneja Aero. [5] 58.35 63.35 W G O C U mG
Bajaj Steel [5] 996.05 1025.95 Devhari [1] 0.52 0.50 Harish 60.20 62.95 Kennametal 1430.25 1444.90 Mishtann [1] 24.80 25.60 Polycab 2440.30 2461.30 Seyaind 54.90 54.90 Tata Yodogaw 61.55 59.35 W m w H O m Um
Bajajhcare 918.55 905.85 Devyani [1] 115.20 119.45 Hawkins Cook 6224.30 6205.75 Kg Denim 42.05 43.55 Mitshi 14.47 15.26 Polylink Pol [5] 19.80 19.35 Sgrl 416.30 445.30 Tatia Glob [1] 1.46 1.41 W H C D V
Balmer La.In 480.30 479.80 Dhabriya 77.30 82.05 Haz Mul Pro 18.10 18.00 Khaitan Che [1] 60.95 60.95 Mitsu 273.05 266.25 Pooja Ent 215.40 214.60 Sha Eng Pla 1903.20 1963.15 Tatva 2053.45 2058.40 Hm mC m V C
Bambino Agro 299.05 296.00 Dhan Roto Sp 92.60 92.70 Hb Portfolio 28.60 30.00 Kic Metaliks [2] 58.90 58.90 Mkexim 70.75 70.95 Poona Dal 50.10 51.20 Shalimar Pro [1] 0.49 0.49 Tcfc Finance 41.80 42.60 m H NG & A W
Barbeque [5] 1128.30 1130.55 Dhanvarsha 622.05 618.70 Hbanketf [223] 365.44 367.88 Kilpest (I) 523.95 526.30 Mnil 16.11 16.00 Porwal Auto 25.35 24.90 Shangar [5] 7.10 7.15 Tcnsbrands [2] 669.55 668.75 H W
Baroda Extr. [1] 1.90 1.81 Dharamsi Chm 334.50 341.90 Hemiprop 132.05 139.55 Kims 1263.80 1257.25 Mod.Insul. 65.95 67.05 Powerindia [2] 2328.55 2389.40 Shantanu She 2.25 2.36 Tcpl Pack 509.80 525.50 HOV W
Basant Agro [1] 11.74 11.84 Dhp India Lt 618.05 610.20 Heranba 769.85 776.65 Kinetic Eng. 61.15 59.20 Modern Dairi 8.88 9.20 Ppl 167.60 167.55 Sharika [5] 9.67 9.81 Tdsl 25.75 25.90 H w m D
Bclil 238.80 240.15 Diamines&Chm 297.85 306.65 Hfil 15.70 15.85 Kingsinfra 32.65 33.75 Modinatural 118.00 119.95 Pradeep Met. 82.50 82.25 Sharp Inv [1] 0.57 0.56 Technoe [2] 278.10 280.40 H CD D m A
Bcpl 51.70 52.05 Diana Tea Co [5] 24.75 24.95 High Energy 2060.40 2111.50 Kirl.Ferrous [5] 237.30 239.45 Modison Met[1] 74.45 74.20 Praveg 113.45 114.65 Shbajrg 261.45 253.30 Tejasnet 430.60 422.50 m G

CM . .. . . . . ...BG­BGE
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