The board of directors of eClerx Services Ltd at its meeting held on July 6, 2020, approved the buyback of the company's equity shares for an aggregate amount not exceeding Rs 109.5 crore

Power Mech Projects’ order book as of December 31, 2019 stood at Rs 5,777 crore, which translates into order book to sales ratio of 2.55x that provides medium to long-term revenue visibility.

The order is worth over US$ 1 million, which is to be executed in the month of August from its Chennai plant. This is the largest order from a single customer for the month.

The two new Bharat Bond ETF series will have maturities of April 2025 and April 2031.

CRISIL has reaffirmed its ‘CRISIL AAA/stable/CRISIL A1+’ ratings on the bank facilities of Titan Company Limited (Titan) and withdrew its rating on the commercial paper on the receipt of request from the company. The withdrawal of rating is in line with CRISIL's withdrawal policy.

The market opened in the green on July 6, 2020, overall volumes in futures & options currently stand at 1.31 crore contracts with a turnover of Rs. 7,92,884.44 crore.

The market opened in the green on July 6, 2020, overall volumes in futures & options currently stand at 1.31 crore contracts with a turnover of Rs. 7,92,884.44 crore.

The company will be conducting a Phase 2b, multicenter, open-label, randomised, comparator-controlled study to assess the effectiveness and safety of Desidustat tablet for the management of COVID-19 patients. 

In its 2019-20 annual report, Bengaluru-based Biocon Limited stated that it aims to list its biosimilar unit Biocon Biologics in the next two to three years, subject to market conditions.

The market opened in the green on July 6, 2020. The previous trading session witnessed the Sensex going up by 412.84 points to end at 36,434.26 and the Nifty was up 136.35 points to close at 10,743.70.

Kalpataru Power Transmission Limited (KPTL) has signed definitive agreements with Adani Transmission Limited to sell its wholly-owned subsidiary named Alipurduar Transmission Limited (ATL) for a total enterprise value (EV) of about Rs 1,286 crore.

Currently, India imports over 60 per cent of its APIs consumption from China and other countries, which opens up significant opportunities for Indian API manufacturers like Aarti Drugs. The company has geared up its API production by nearly 44 per cent to 25,591 MT in FY20.

All-in-all, Bank Nifty at present, is trading in the range of 22,500-20,900. A move above or below this level, could give the traders an opportunity to take a directional bet or else, buy on support and sell on the resistance is the best strategy for traders in this environment.

With the sideways price action, Bollinger Band has narrowed substantially and the stock is likely to give a consolidation breakout in the coming days.

Indian frontline equity indices ended the last week with a considerable gain. It helped equity bellwether index like Sensex and Nifty to close above their important psychological level of 36,000 and 10,600. This gain was achieved on the back of the positive global cues.

In the coming trading session, important support is placed at 10,562 and resistance will be seen around 10,631, followed by 10,751. Stocks in news: HDFC Bank, Astrazeneca, IFB Agro Industries, NLC India.

Annuities are popular among people seeking regular income. There are various types of annuities. We shall discuss the same in this article.

Stamp duty is now applicable to mutual funds, with effect from July 01, 2020. What does it mean to mutual fund investors? We shall find it out in this article.

New Fund Offers (NFOs) that are open for subscription.

Interestingly, the relative strength index (RSI), which is a momentum indicator in the daily timeframe, turned up from the 60-mark and in the bullish trend, we have seen that the RSI does not move below the 60-mark.

The stock of Siemens Limited has given a symmetrical triangle breakout on the daily timeframe. This breakout was confirmed by the above 50-day average volume.

Granules Pharmaceuticals, Inc., (Chantilly, Virginia), which is a wholly-owned subsidiary of Granules India Limited, has voluntarily recalled 12 lots of Metformin Hydrochloride extended-release tablets USP, 750 mg, 100 and 500 count bottles within expiry to the consumer level due to the detection of N-Nitrosodimethylamine (NDMA) levels above the acceptable daily intake (ADI).

Equitas Small Finance Bank Limited launched a video KYC account on Friday. It is a web application designed to conduct a remote verification process through a video call.

The average utilisation capacity dropped to 76 per cent in the month of June due to a drop in production at Vijaynagar Works as certain employees were tested positive for COVID-19. 

RBI has recently launched the Floating Rate Savings Bond 2020. In this article, we shall be discussing its concept in detail, which would further enable you to decide, whether it’s worth investing in it or not.

Moreover, prospective growth triggers are likely for its agrochemical business. Various factors are at play for this such as the storage levels in water reservoirs across the country, a hike in minimum support price (MSP) of key Kharif crops and an anticipated strong monsoon spread.

Today's trading session ended with Sensex closing in green, up by 177.72 points or 0.50 per cent at 36,021.42 while Nifty gained by 55.65 points or 0.53 per cent to settle at the level of 10,607.35.

This investment confirms commitment to Affle 2.0 growth strategy and in developing sustainable market leadership. 

Knowing your budget busters  can help you to save your hard-earned money for something that is more important.

With a total capacity of nearly 3 million wheels, the company looks at the volume growth as its way ahead to meet the plant's commitment in FY21.

According to its 2019-20 annual report, HDFC Limited has plans to secure up to Rs 1.25 lakh crore by issuing debt securities via various modes.

In the latest big-ticket investment in the digital unit of Reliance Industries Limited (RIL), Intel Capital, the investment arm of Intel Corporation will invest Rs 1,894.5 crore in Jio Platforms, joining the list of marquee firms, who have recently invested in RIL’s digital unit.

The vaccine candidate ZyCov-D has been developed originally at the company’s research centre-Vaccine Technology Centre (VTC) in Ahmedabad, India. The vaccine when tested on animals brings out a strong immune response in multiple animal species like mice, rats, guinea pigs and rabbits. 

On a month-on-month basis, the improvement in sales was witnessed by the company. In June 2020, it generated 80 per cent of its planned average monthly sales, which was 60 per cent in May and as low as 45 per cent in April 2020.

As far as capex spends are concerned, it envisages spending nearly Rs 1,500 crore in FY21. The total expenditure will see an equal split of small molecules and the biosimilars.

The retail growth fizzles out the overall growth in bank credit. What does it hint? Let’s find out.

The level of 10,600 would act as immediate resistance and on the downside, the level of 10,480 followed by 10,400, are likely to act as an important support zone. Stocks in news: PTC India Financial Services, Reliance Industries, Cadila Healthcare, JB Chemicals & Pharmaceuticals, Motherson Sumi, Hindustan Unilever.

In the previous trading session, Nifty and Sensex ascended to the highest level in four months, where Nifty contentedly settled above its psychological level of 10,500. Auto stocks contributed largely to the rally as the monthly figures showed some optimistic trend, especially in two-wheelers and tractors segment.

The stock of Hindalco Industries Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Kolkata-based infrastructure company, GPT Infraprojects announced after trading hours on Thursday that it has received an order worth Rs 102.80 crore from National Highways & Infrastructure Development Corporation Limited (NHIDCL).

The shares of Steel Strips Wheels Limited (SSWL) slipped by 1.32 per cent on Thursday after the company reported its monthly sales numbers for the month of June.

Their partnership will be of great help especially in the current COVID-19 situations, where enterprises are looking to reorganise cash flows.

Coffee Can Investing Strategy depends upon an individual’s perspective about the market, knowledge about the stock market and foresight used to select the stocks.

 Subscribers can ask their queries regarding stocks they hold and get our expert guidance.

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Editor's views on the capital markets, stock reviews and word on Dalal Street.

The company's production capacity of IPA is already among the highest in the industry. With an installed capacity of 70,000 MTPA, it dominates the industry with a 75 per cent market share in IPA manufacturing.

Following gains in auto and IT stocks, domestic benchmark indices ended today's trading session on a positive note with Sensex gaining by 429.25 points or 1.21 per cent to close at 35,843.70 levels while Nifty increased by 121.65 points or 1.17 per cent to settle at 10,551.70.

Overall, with one segment having an adverse forecast and exposure to the commercial vehicle class (38 per cent of total revenues), the outlook is still looking grim for the company. The stock is already trading at its multi-year low.

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

In this edition, we have reviewed Parag Milk Foods Limited and Bajaj Finance Limited. We suggest our reader-investors to HOLD in Parag Milk Foods Limited and Bajaj Finance Limited.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

Tax Queries Answered By Jayesh Dadia

Data Bank

The pandemic has dealt out a severe blow to the airline and tourism industry and it is unlikely to emerge from this situation soon enough. Geyatee Deshpande discusses that while gradual phasing out of lockdowns across the world will rejuvenate the air travel sector, the luxury holiday and resort sectors are unlikely to find many takers.

The market opened in the green on July 2, 2020. The previous trading session witnessed the Sensex going up by 498.65 points to end at 35,414 and the Nifty was up 127.95 points to close at 10,430 .

Accepting that the growth for this year will be flat, Umesh Govind Revankar, Managing Director and CEO, Shriram Transport Finance, believes that the curve should gradually inch upwards.

The market opened in the green on July 2, 2020. The previous trading session witnessed the Sensex going up by 498.65 points to end at 35,414 and the Nifty was up 127.95 points to close at 10,430 .

MPS Limited, a company providing content and offering technological services to academic and educational publishers, announced in a filing with the stock exchanges that it acquired publishing platform Highwire for a deal worth US$ 7.1 million (around Rs 53.63 crore).

Non-banking financial companies (NBFCs) have been going through extremely difficult times, first on account of the IL&FS fallout that shook the industry and now due to the virus-triggered pandemic. Anthony Fernandes investigates the overall impact on this sector and studies how the government’s stimulus packages may offer a ray of hope

The market opened in the green on July 2, 2020, overall volumes in futures & options currently stand at 2.88 crore contracts with a turnover of Rs. 16,59,234.90 crore.

Rating agency ICRA expects non-performing assets (NPAs) of non-banking financial companies (NBFCs) to increase by 5-7 per cent during the fiscal year 2020-21, assuming a slippage of 5-10 per cent of the asset under management (AUM) under the moratorium

With the operations of Monsanto India merged with Bayer CropScience, the latter has begin to stockpile advantages accruing from substantial savings in the cost of compliances and marketing and distribution synergies.

Tata Motors Limited announced its sales in the domestic and international market, for Q1FY21, which stood at 25,047 vehicles, as compared to 1,37,545 units during Q1FY20.  

The market opened in the green on July 2, 2020, overall volumes in futures & options currently stand at 2.88 crore contracts with a turnover of Rs. 16,59,234.90 crore.

There are still various myths that create hindrances for investors to invest in mutual funds.

The EPC contract includes the construction of Bhadbhut barrage, flood protection embankments, and associated works across Narmada River near Bhadbhut of Bharuch district in Gujarat. 

United States Food and Drug Administration (USFDA) informed Ipca Laboratories that its API Hydroxychloroquine Sulphate’s shortage implications have been changed and now, it has been removed from the list of drug products in shortage.

During the fortnight, India has initiated the process of Unlock 2.0., while shifting attention from the pandemic was a rise in the geo-political tensions between India and China.

A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

With heightened nationalism being the current global trend in which every nation is attempting to safeguard its national interest the Atmanirbhar Bharat initiative by the Indian government sounds like a perfect solution, at least superficially, to become self-reliant in an extremely uncertain global economic environment. But what does it mean to equity investors who are bullish on the India story? Yogesh Supekar and Karan Bhojwani draw attention to the sectors which stand to benefit from this initiative while also focusing on sectors that will gain from the increasing angst against Chinese products.

In the midst of the ongoing economic and health gloom, the Sensex has delivered 18 per cent return in the very first quarter of this financial year.

Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.

The stock of Caplin Point Laboratories has formed a bullish engulfing candlestick pattern on the daily timeframe. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

Chasing returns may or may not give you better returns. However, if you can manage your risk in investment, you are likely to get better risk-adjusted return.

Taking stock of the current financial situation where the economy and the equity markets seem to be moving in different directions, Prathit Bhobe, CEO and Managing Director, Tata Asset Management , provides some guidelines for the way ahead.
 

When we read about the lifestyles of the billionaires across the world, doesn’t it ignite a dream to become a part of that exclusive group of people? It does, surely! It also makes us wonder about the strategy or approach that one needs to adopt to become wealthy. Is investing in mutual funds one of those options? Read on to find out

Carrying a positive baton from the previous trading session, Indian indices are likely to start on a positive note. Nifty in previous trading session closed above 10,400 level. And now it will aim for the 10,550 level, aided by the positive global cues.

There are four major financial fears that every individual may come across at some point in life. In this article, we shall discuss some of those financial fears.

When it comes to asset allocation, equity, debt and real estate form the staple asset classes. As for gold as an asset class, it always creates some sort of confusion in the minds of investors who remain unsure whether to have exposure to it or not.

From the start of this month, all mutual fund investors have to bear stamp duty at a rate of 0.005 per cent on mutual fund purchases. The duty is irrespective of the amount you have invested and is applicable for every category of investment such as equity, debt and hybrid.

I found your cover story 'The Art of Portfolio Management' very insightful. It has really helped me to understand how to go about reviewing my investment portfolio. However, I would like to know about things that should I look at in a quarterly review.

A follow-through above 10,450 level would give more confidence to the bullish side and in case Nifty sustains above this level for at least half an hour, there is a high probability that Nifty may test its swing high of 10,553. Stocks in news: MPS, NLC India, Coal India, Polycab, India Cements.

The tractor segment in India also has a few unlisted players such as Tractors and Farm Equipment (TAFE), International Tractors, CNH Industrial (India). Numbers from these players would further give strength to the sentiment for the overall sector.

Asian Granito India Limited (AGIL), one of the largest manufacturers of quartz in India informed the exchanges that owing to a sharp decline in CVV and anti-dumping duty by USA on the import of Indian quartz, the company is set to benefit in terms of export sales to USA.

Here is a list of mutual funds that are in-line to be launched.

On Wednesday, Alembic Pharma announced that it has received approval from United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Doxycycline Hyclate tablets USP, in dozes of 75 mg and 150 mg.

Domestic benchmark indices closed higher with Sensex gaining by 498.65 points or 1.43 per cent at 35,414.45 while Nifty jumped by 116.20 points or 1.13 per cent to close at 10,418.30 level.  

Dr Reddy’s has exclusive rights given by Fujifilm to manufacture the drug under the tripartite agreement signed on June 30, 2020.