Arcotech share price touched a new life time high (also its 52 week high) of Rs 664.95 by giving a massive rally on the day of the budget. The life time low of the share is Rs 1.45 made on 30th April 1998. The 52 week high is Rs 289.50 made on 9th November 2016. Arcotech Limited has been promoted in the year 1981 for the manufacturing of Non-Ferrous Engineering products. The company has established itself as one of the leading Non-Ferrous Engineering Industries mainly in Copper/Brass Strips and Foils in the Country by creating a niche in producing micro thin foils up to 0.035 mm. The company produces all Non-Ferrous alloys i.e. Copper, Brass, Phosphor Bronze, Nickel Silver, Nickel Brass, Cupro Nickel, Aluminium Bronze, Tin Bearing Copper and Silver Bearing Copper etc. These are produced in the form of semis such as ingots, strips, sheets, plates, foils, bus bars, rods as well as coin blanks, key blanks, terminals, connectors, etc. Important Fundamentals:
By the end of today Arcotech share price closed at Rs 635.15 apiece on NSE, up by 9.60 per cent or 55.20 points. Arcotech is one of the top 500 shares recommended by the research and analysis team of Dynamic Levels out of all the 1700 plus stocks listed on NSE. Get the historical share price performance of Arcotech at Arcotech share price history.
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Expanding its avenue in Africa, Zee Entertainment announced the launch of two new channels - Zee Bollymovies and Zee Bollynova - which will broadcast on Africa's Kwes TV. In a statement the company said that the launch of two new channels, Zee Bollymovies and Zee Bollynova, which will broadcast on Africa's new pay-TV network Kwes TV. This update hit the market on 29th January 2017. The two previously launched, specially customised channels, Zee World and Zee Magic, have been warmly received by viewers, resulting in a three-fold increase in the viewership since its entry into the continent in 2015. This has encouraged the company to introduce two new channels, said ZEEL CEO International Broadcast Business, Amit Goenka said. Both the channels are customised and dubbed in English with content adapted to suit the African viewer. Zee Africa had earlier launched Zee World in February of the year 2015, followed by Zee Magic in October 2015 both of which are premium, fully dubbed English and French channels respectively. Zee Entertainment Enterprises Ltd. (ZEEL) is an Indian media and entertainment company based in Mumbai, Maharashtra, India. It is a subsidiary of the Essel Group. The company's founder as well as managing director is Mr Subhash Chandra and its current CEO, Mufaddal Kaizar. The Company has about 35 channels serving Indian content across India and 169 countries, with the latest being World is One News. Zee Entertainment share price is trading at Rs 504.65, up by 3.17 per cent or 15.50 points. A total of 9,47,229 shares of the company have been traded on the counter of NSE for a total traded value of Rs 4,686.51 lacs. The intraday high is Rs 505.90 and the intraday low is Rs 487.40. Get the historical share price performance of the share at Zee Entertainment share price history. Shares of real estate companies have moved higher by up to 7 per cent on the bourses after the finance minister Arun Jaitley declared slew of measures for the realty sector. At 01:01 pm; Nifty Realty index, the largest gainer among sectoral indices, was up 3 per cent as compared to 0.50 per cent rise in the Nifty 50 index. Kolte-Patil share price is currently trading at Rs. 104.10, up by 10.60 points or 11 per cent from its previous closing of Rs. 93.50 on the NSE. The scrip opened at Rs. 94.90 and has touched a high and low of Rs. 109.70 and Rs. 94.70 respectively. So far 37,42,248 shares are traded on the counter with a traded value of Rs. 3,832.44 lacs, as per NSE. Kolte-Patil Developers and Ashiana Housing, Ansal Housing & Constructions, Ganesh Housing Corporation from the non-index stocks went up in the range of 5 per cent to 16 per cent on the NSE. Arun Jaitley in his Budget speech on 1 February 2017 said that affordable housing to be given infrastructure status. The National Housing Finance will insure houses, Jaitley said. The real estate sector was among the most hit sectors because of the recent government's demonetization drive banning higher denomination bank notes. The 52 week high of Kolte-Patil share price is observed at Rs 956 151.30 (04-JUL-16) while the 52 week low is seen at Rs. 78.40 (27-DEC-16). The Average Daily Movement of the stock is 5.36 and its average volume for last 20 days is 517847. The stock yields 12.37 per cent monthly returns and has a book value of Rs. 11.39. Kolte Patil is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels. For further details on the stock, refer to Kolte Patil share price history. With the budget being discussed at the Parliament, the infrastructure stocks stayed in focus. RPP Infra share price touched a new 52 week value at Rs. 339.55. The stock is trading above 5 per cent at Rs. 325. At 12.00 PM, around 3,71,924 shares are traded on the counter with a traded value of Rs. 1,209.20 lacs as per NSE. Even on 25th and on 31st the stock traded at it s new high at Rs. 317.90 and Rs. 318.10 respectively. RPP Infra has informed BSE that the meeting of the Board of Directors of the Company will be held on February 11, 2017, inter alia, in order to consider, approve and take on record the Unaudited Standalone, Consolidated Financial Results of the Company for the quarter ended December 31, 2016 and any other business, if required. According to the Code of Insider Trading Regulations of the Company, the trading window for dealing in the securities of the company shall remain shut from February 04, 2017 till 48 hours after the results are made public on February 11, 2017 for Designated Persons covered under the said code of the Company. RPP Infra share price has a face value Rs.10 has touched a 52 week high of Rs. 339.55 on 1st Feb ’17 and a 52 week low of Rs. 102.00 on 12th Feb ‘16. Last one week high and low of the scrip stood at Rs. 339.15 and Rs. 308.04 respectively. The current market cap of the company is Rs. 702.99 (Cr). RPP Infra Projects Ltd. was incorporated in the year 1995. It is a Small Cap company that operates in the Construction Sector. RPP Infra is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels on the back of rich fundamentals. For further details on the stock, refer to RPP Infra share price history. Aegis Logistics traded on a higher note on the day of budget. The share price that opened at Rs 129.65 from the previous closing of Rs 129.25 went on to make a high of Rs 138.95 (intraday high). The intraday low of the share is Rs 129.05. Shares of Logistics Companies are mostly steady with notable gains following the Goods and Services Tax Council breaking a deadlock over issues of administrative control over assesses and broadly agreeing to roll out the GST from 1st July 2017. GST is expected to simplify as well as harmonize the indirect tax regime in the country as it seeks to create a seamless national market in the country by replacing plethora of state taxes and central taxes by just one tax. Consumers, produces along with the Government, all stand to benefit if GST is implemented. As for the logistics firms, implementation of GST means, the removal of inefficiencies in interstate taxation and check posts. Aegis Group plays a very important role in India’s downstream oil as well as gas sector, and its flagship company, Aegis Logistics is India’s leading oil, gas, and chemical logistics company. Its vision is to be the industry leader in the business segments by delivering superior customer service with a focus on quality, safety, and environmental standards. The Group has five distinct but related business segments, and it operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines as well as gas stations to deliver products and services. The company’s client base includes many leading industrial companies in India as well as individual retail customers whom it serves at its Aegis Autogas stations. At 11.45 AM Aegis Logistics share price was seen trading at Rs 134.85, up by 4.33 per cent. Aegis is one of the Multibagger stocks recommended by Dynamic Levels. Get the historical share price performance of the share at Aegis Logistics share price history. InterGlobe Aviation Ltd, which operates India’s biggest budget airline IndiGo, reported that its fiscal third-quarter profit dropped 25 per cent because of an increase in fuel costs and lower ticket prices. Net profit fell to Rs 487.26 crores in the three months ended 31 December from Rs 657.29 crores a year earlier, the company said. Revenue rose by 16.8 per cent to Rs 5,158.42 crores from Rs 4,481.20 crores in the year-ago period as the company added planes and operated more flights. IndiGo controls about 39 per cent share of the domestic market, with 126 planes and 854 daily flights. In an analyst call on Tuesday, 31st January 2017, IndiGo said its yields or airfares were down 10 per cent in October, 20 per cent in November, 17 per cent in December and 10 per cent in January year-on-year. IndiGo president Aditya Ghosh said the airline will continue to match the fares of rival airlines in each “fare bucket” in the coming months as well—a strategy started in the second half of last year. During the quarter, 71.7 per cent of IndiGo flights were on time. The airline said its operational performance was impacted primarily due to adverse weather conditions, air traffic congestion at key airports and operational issues associated with its A320neo planes. As a result of the drop in profit, the share price went on to decline by more than 8 per cent on the day that followed the Q3 filing. At 11.20 AM on 1st February 2017, IndiGo share price was seen trading at Rs 826.00, down by 8.53 per cent or 77 points to be precise. IndiGo has been selected as one of the top 500 shares recommended by the research and analysis team of Dynamic Levels. Get the historical share price performance of the share at IndiGo share price history. MOIL share price displayed volatility since morning. It was trading at Rs. 354.00, up by 2.05 points or 0.58per cent from its previous closing of Rs. 351.95 on the NSE. As of now, the stock dipped below 1.14 per cent. The scrip opened at Rs. 353.15 and has touched a high and low of Rs. 355.30 and Rs. 346.10 respectively. So far 2,00,983 shares are traded on the counter with a traded value of Rs. 702.70. The stock has a face value Rs. 10 has touched a 52 week high of Rs. 428.90 on 12th Jan 2017 and a 52 week low of Rs. 179.50 on 12th Feb 2016. MOIL has reformed the prices of various grades of manganese ore for January-March quarter effective from February 01, 2017. The prices have been reduced by 10 per cent on the existing prices prevailing from January 1, 2017, of all Ferro Grades of ore, whereas the prices have been decreased by 15 per cent on all grades of SMGR (Mn 30 per cent) and SMGR Low (Mn 25per cent) on the prevailing prices. Apart from this, the prices have been decreased by 15 per cent on all grades of Fines on the prevailing prices since January 1, 2017, while the prices have been decreased by 10per cent of all chemical grades ore on the prevailing prices. Further, there is no change in the price of Electrolytic Manganese Dioxide (EMD). Last one week high and low of MOIL share price stood at Rs. 378.80 and Rs. 350.60 respectively. The current market cap of the company is Rs. 4684.88 (Cr). The promoters holding in the company stood at 75.58 per cent, while Institutions and Non-Institutions held 12.19 per cent and 12.23 per cent respectively. MOIL is the biggest iron ore company in India and fifth largest in world. At present, it operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi). The introduction of bill in the US House of Representatives calling for more than doubling the minimum salary of H-1B visa holders to $130,000, from the current $60,000 proved to be hazardous for the Indian IT sector. This is more than double of the current H1B minimum wage of $60,000 which was established in 1989 and since then has remained unaltered. Within one brutal hour, stocks of Indian IT companies collapsed, sweeping over Rs. 50,000 crore in the market value of top companies. Such steep rise in minimum salary will make it difficult for Indian IT companies to employ people on H-1B visas to work on projects in the US, which contributes 60 per cent of the export revenues of the Indian IT sector. IT stocks reacted negatively on the National Stock Exchange since investors feared over US President Donald Trump plans to keep his electoral promise of implementing tougher immigration rules on the H1B visa plans. On 31st Jan, TCS share price fell 5.6 per cent, Tech Mahindra share price 9.7 per cent, HCL Tech share price 6.3 per cent, Infosys share price 4.6 per cent and Wipro share price 4.23 per cent. Intraday on Tuesday, though TCS, Wipro recovered marginally whereas HCL Tech share price is trading at a fall of 0.34 per cent. Indian companies have been employing more US citizens in the anticipation of H-1B visa curbs. But employing more US citizens will automatically increase the cost for Indian outsourcers. As a result it will impact their margins and overall profit. The Indian IT industry is already struggling in the form of slow growth amid big changes in the technological landscape (like automation and artificial intelligence) and global headwinds like Brexit. On the other hasnd, with most of the projects now on digital or cloud platforms, the need to send employees on H-1B visas will also go down. US President Donald Trump is set to sign a new executive order aimed at mending programmes like the H-1B and L1 that will make it tougher for foreign workers to get work visas. Around two-thirds of H1B visa applicants are Indian nationals who either work for Indian IT services firms such as TCS, Infosys and Wipro or the local operations of US firms such as Accenture, IBM and Google. The High-Skilled Integrity and Fairness Act of 2017 incorporated by California Congressman Zoe Lofgren in the US Congress suggest removing the ‘per country’ cap for employment based immigrant visas. As a result all employees will be treated more fairly and to enhance the system where employers hire the most skilled workers without regard to national origin. The legislation sets aside 20 per cent of the annually allocated H-1B visas for small and start-up employers (50 or fewer employers) to ensure small businesses have an opportunity to compete for high-skilled workers, while still protecting against outsourcing. Talking about the H-1B visa, it is a non-immigrant visa that permits US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise in specialized fields. The technology companies depend on it to hire tens of thousands of employees each year. ITC Limited, which is one of the largest manufacturers of cigarettes, remains in the limelight on the day of announcement of the Union Budget every year. Thereby, one may see a noticeable movement in ITC Limited, with the possibility of an increase in excise duties on cigarettes. As of now, in the last 5 years, there has been a 125 per cent cumulative hike in the duties. ITC has duly offset the hikes by introducing periodic price hikes, post an excise duty hike. However, the volumes have dropped. Going forward, Union Budget 2017 is expected to hike the rates moderately to 10 per cent. To add to it cigarette taxing under GST and licensing of non-cigarette tobacco products would be the key points to be discussed in the Budget. The stock of ITC has managed to recover in the previous session and has post two consecutive downbeats. ITC contributes a large portion to the movement of Nifty benchmark index. Hence, the stock movement will be keenly watched by the investors. The promoters holding in the company stood at 0 per cent while Institutions and Non-Institutions held 55.57 per cent and 44.22 per cent respectively. The stock is currently trading above its 200 DMA. ITC share price has remained positive in today’s trading session so far at 10.45 PM. The share was seen trading at Rs 260.40, up by 0.89 per cent or 2.30 points on the back of a mildly negative Nifty. The share price opened at Rs 260.00, approximately 2 points over its previous closing of Rs 258.10. The intraday high is Rs 258.10. A total of 31,03,971 shares of the company have been traded today for a total value Rs 8,061.32 lacs. Get the historical share price performance of ITC at ITC share price history page of Dynamic Levels website. Life Insurance Corporation of India (LIC) has curtailed its holdings in Tata group firms, dreading that a potentially long legal battle between Tata Sons Ltd and its ousted chairman Cyrus P. Mistry will reduce its investments. Foreign portfolio investors (FPIs) and mutual funds have been more buoyant, with the latter growing their ownership in 12 Tata group firms and cutting their stake in seven.
The Story: Twenty-seven Tata group firms are listed. In the December quarter, state-run LIC, India’s biggest investor, cut its stakes in seven out of the 11 Tata group firms it owns stakes in. Stock View of Tata Group: Trent share price has gained 17% since October 22nd till 30th January 2017. Tata Elxsi share price have gone up by 7%. Indian Hotels share price has tanked 18% during the time. Tata Motors share price corrected 4%. Tata Steel share price gained 9% since October 22nd till 30th January 2017. |
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