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Pages 20 • Volume 24 • Number 112

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Bubbly
QUICKLY
ECONOMY
Bio-tech start-ups may get relief
New Delhi, May 10
Bio-technology firms are likely to soon get
a relaxation of an additional three years in
the eligibility criteria for recognition as
start-ups. The Department of Bio-
technology has sent a formal proposal to
the Department of Industrial Policy and
Promotion stating that the requirement of
registration of entities not prior to five
years should be extended to eight years for
bio-tech firms as their gestation period is
longer than that of other sectors. p4
ECONOMY
‘Subsidised power here to stay’
New Delhi, May 10
A deregulated electricity market in India is
a distant dream. “We won’t see a
completely deregulated power market in
the near future, unless some States go in
for a Direct Benefit Transfer of subsidy,” said
Piyush Goyal, Minister of State
(Independent Charge) for Power and New
& Renewable Energy. “As far as I am
concerned, the poor and the
agriculturalists of this country are getting
cheaper or low-cost power, which is good,”
he added.
After 6 months, RBI still in dark on junked notes
Central bank says specified bank notes yet to
be reconciled with the physical cash balances
AM JIGEESH
New Delhi, May 10
Even six months after the de-
monetisation exercise, the Re-
serve Bank of India is yet to com-
plete the accounting of the
withdrawn ₹1,000 and ₹500
notes.
The RBI has admitted as much
in a 15-page response late in April
to questions from the Standing
Committee on Finance, headed
by veteran Congress MP
Veerappa Moily.
During a January meeting on
the subject of ‘Demonetisation
of Indian currency notes of
₹1,000 and ₹500 and impact
thereof’, the panel had asked RBI
Governor Urjit Patel to submit
written answers to the queries
from MPs that he could not
answer.
In the note, a copy of which is
with BusinessLine, the RBI said
p4 that the accounting of the spe-
₹1,000 notes in circulation, as a solution to tackle the Centre on June 7, 2016 and pre- “Between November 9, 2016
worth ₹15,44,035 crore. menace. parations for printing them had and March 3, 2017, the notes in
One of the panel members Asked about the quantum of commenced thereafter. circulation have increased by al-
asked the Governor about the counterfeit notes that were in Patel also told the panel that most ₹9.26 lakh crore, thereby
cified bank notes (SBNs) at the process to be followed if, say, ₹14 circulation, the RBI said the es- the process of remonetisation is taking the total notes to ₹11.73
currency chests need to be re- lakh crore had been deposited in timation of it is a “diicult pro- taking place ceaselessly. lakh crore,” he added.
conciled with the physical cash banks. How will the balance of position.” However, the RBI cited
balances to eliminate account- ₹1.4 lakh crore be handled? a study conducted by the Indian
ing errors and The Gov- Statistical Institute, Kolkata, to
possible
double count-
ing.
ernor said the
Board of the
RBI would de-
say that the value of such notes
could be ₹400 crore.
Asked why the ₹2,000 note
Do special audit on deposit
“Till this pro-
cess is com-
cide in regard
to the transfer
had been introduced, the RBI
noted that when inflation erodes
gush: CA Institute to FinMin
pleted, any es- of surplus to the real value of money, periodic KR SRIVATS tent of compliance, Nilesh
timate may not the govern- reviews of currency denomina- New Delhi, May 10 Vikamsey, President, Insti-
indicate the ac- ment as per the tions in use are undertaken. The CA Institute has urged tute of Chartered Account-
tual numbers provisions of “In that background, intro- the Finance Ministry and the ants of India (ICAI), told
of SBNs that the RBI Act, duction of higher denomination Reserve Bank of India to al- BusinessLine.
have been re- after “consider- notes is a standard practice in low its members to under- “Whether the compliance
turned. RBI is ing inter alia managing currency production take focussed “special audit” with RBI circulars or govern-
taking all steps the accounting and logistics. Further, higher de- of deposit flows into the ment intent has happened or
to complete the process expedi- and economic principles.” nomination has helped remon- banking system during the not in each branch is some-
tiously so as to release firm fig- He maintained that the de- etisation being much faster by demonetisation period. thing that needs to be as-
ures of SBNs received at an early cision was based on the Centre’s quickly ramping up value,” the There is a need to assess sessed and a focused special
date,” the note said. reference that counterfeit notes note added. the demonetisation impact audit of demonetisation is
The central bank also said that were being used to finance “sub- The bank also said that the ap- at each of the bank branches the need of the hour,” Vikam-
as of November 8, 2016, there versive activities” and the with- proval for introduction of the vis-à-vis the RBI circulars on sey said.
were 17,165 million pieces of drawal of legal tender status to new ₹2,000 and a new design this issue and gauge the ex- Details on p4
₹500 and 6,858 million pieces of ₹1,000 and ₹500 notes was seen ₹500 was received from the

Solar power tariff

South-West monsoon may hit Andamans five days early, by May 15
VINSON KURIAN
Thiruvananthapuram, May 10
Conditions are becoming fa-
vourable for advance of the
South-West monsoon over the
South Andaman Sea and Nico-
bar Islands by May 15, five days
ahead of the normal date.
The India Met Department
(IMD) made this assessment
on Wednesday based on ‘fore-
cast synoptic conditions from
dynamic models and prevail-
ing large-scale features’ ruling
over the region.
The advance of the mon-
soon over the Andaman Sea
normally takes place around
May 20 with a standard devi-
ation of about a week. This
means that the event will take
place in “the upper-most band
of a week-long window”.
But this has to be verified in
the next few days with en-
hanced convection (cloud-
building) and increased rain-
fall activity over the Bay of
Bengal and the Andaman Sea.
Past data rule out any one-
to-one association of the date
of the monsoon advance over
the Andaman Sea with the date
of the monsoon onset over
Kerala or with seasonal mon-
soon rainfall over the country.
Classical features present
Meanwhile, KJ Ramesh, Dir-
ector-General, IMD, told Busi-
nessLine that the physical set-
ting, evolution and progress of
the monsoon along the fringes
of the Arabian Sea and the Bay
of Bengal “align with their
known classical features”.
The cross-equatorial flows
that bring the monsoon from
the southern hemisphere are
currently strong. The process
of convection, too, has been on
course with a strong band of
cloud showing up across the
Equator for a third day.
“The fact that this (presence
of the cloud band) has proved
much more than being a one-
day wonder points to what is
probably brewing in the back-
ground,” Ramesh said.
Added to this is the sus-
tained heat wave over North-
West India, which helps the
monsoon’s cause by setting up
a suitable pressure/temperat-
ure gradient for the moisture-
laden winds to blow in from
the Kerala coast into the North.
Rainfall quantum
Meanwhile, the IMD has not
calculated the quantum of ex-
pected rainfall from the sea-
son this year except that “it is
going to be higher than what
was forecast (96 per cent with
an error of +/-5 per cent)” in its
first long-range forecast in
April.
This is based on the latest
update from the Australian
Bureau of Meteorology, stating
that prospects of a strong El
Nino developing in the Equat-
orial Pacific have receded.
The El Nino phenomenon
has often had a drag efect on
the monsoon.
bid at new low
V RISHI KUMAR
Hyderabad, May 10
Solar power tarifs have fallen
to a new low of ₹2.62 per unit in
the auction for a 250-MW pro-
ject in Bhadla park, Rajasthan.
South Africa’s Phelan Energy
Group and Avaada Power bid
2.62 per unit (kilowatt hour) to
bag the mandate to develop 50
MW and 100 MW, respectively.
This is lower than the ₹3.15
per unit ofered by Solairedir-
ect of France for a 250-MW park
in Kadapa, Andhra Pradesh.
Details on p18

Novelis sells stake in Korean SoftBank posts $1.4-billion loss

plant to Kobe Steel for $315 m
OUR BUREAU
Mumbai, May 10
Novelis Inc, a subsidiary of
Hindalco Industries, has sold a
50 per cent stake in Ulsan Alu-
minum, its manufacturing fa-
cility in South Korea, to Kobe
Steel for $315 million (about
₹2,000 crore).
Novelis and Kobe Steel will
jointly own and operate the
Ulsan facility, with each com-
pany responsible for its metal
supply and commercial rela-
tionships, Novelis said in a
press release on Wednesday.
The transaction is expected to
close in September.
Located in the industrial hub
of Korea, Novelis’ Ulsan facility
employs about 600 people and
focusses on the production of
rolled aluminium sheets for
markets in Asia.
The transaction will generate
cash proceeds to enhance Nov-
elis’ strategic flexibility and re-
duce net debt. Steve Fisher, Pres-
ident and Chief Executive
Oicer, Novelis, said the joint
venture would help the com-
pany leverage its experience
with other joint ventures to
from Ola, Snapdeal investments
serve customers and tap poten-
tial market opportunities.
The company reported a 62 OUR BUREAU challenging times since the
per cent increase in March- Mumbai, May 10 last 8-10 months as it could
quarter net income to $47 mil- Japanese internet giant and not raise funds. The com-
lion ($29 million) on the back of investor SoftBank has writ- pany laid of a number of its
improved operational ei- ten down the value of its in- employees early this year in
ciencyand higher shipments of vestments in Indian ven- a bid to cut cost and improve
premium products. tures Snapdeal and cab margins.
Net sales were at $2.62 billion aggregator Ola by $1.4 While the company was
($2.40 billion). Adjusted EBITDA billion. able to grow its revenues
for the fourth quarter of fiscal “Loss on financial instru- to the amount equivalent to from ₹76 crore in 2011 to
year 2017 increased to $292 mil- ments at FVTPL (fair value its net asset value,” it said in ₹1,457 crore in 2016, its losses
lion from $270 million. through profit and loss) was its financial report. widened to ₹2,960 crore in
The company refinanced $2.5 ¥160,419 million ($1.4 billion) SoftBank had earlier this March 2016. Snapdeal’s 2017
billion of senior notes and a compared to a gain of year announces that it has financials are yet to be dis-
$1.8-billion term loan, reducing ¥114,377 million ($1.1 billion) written down $555 million in closed.
annual cash interest by $79 mil- in the previous fiscal year,” Snapdeal and Ola for the six Recently, there were re-
lion and extending its debt ma- SoftBank Group Corp (SBG) months ended September ports of a possible merger
turity profile. said in an earnings report 30, 2016. between Snapdeal and Flip-
The company’s revenues fell for the fiscal endedMarch 31. Founded by Kunal Bahl kart brokered by SoftBank..
3per cent to $9.6 billion in fiscal “Highly competitive e- and Rohit Bansal in 2011, Similarly, Ola, which runs
year 2017 due to a 2 per cent de- commerce market in India Snapdeal was one of the the largest network of taxis
cline in shipments to 3,067 kilo has made a trend of the com- early unicorns among the In- in the country, is fighting a
tonnes. Adjusted EBITDA grew pany’s business performance dian start-ups and was the major battle with Uber.
33 per cent to $1.05 billion in lower than initially anticip- second-largest e-commerce The company’s losses have
fiscal year 2017. ated. This situation caused a marketplace in India till widened to ₹2,311 crore in
The company more than material decrease in net as- about last year. fiscal year 2016. According to
doubled its full-year free cash set value of Starfish Pte Ltd its financial report, the
flow to a record $361 million in (holding company of Snap- Tough times losses have grown due to its
for the year on stronger adjus- deal) and, therefore, SBG im- Valued at $6 billion mid of high marketing and ad
ted EBITDA, as well as lower in- paired the carrying amount last year, the company has spends.
terest and capex. of its shares in the company, been going through very Also read p7

Hero MotoCorp
Q4 net falls 14%
to ₹718 crore
OUR BUREAU
New Delhi, May 10
Demonetisation and the ban
on BS-III norms from April have
dented the earnings of the
country’s largest two-wheeler
manufacturer, Hero MotoCorp.
On Wednesday, the company
reported a 14 per cent fall in its
consolidated net profit to
₹717.75 crore in the fourth
quarter ended March 31, com-
pared with ₹833.29 crore in the
corresponding period last year.
The decline in sales for con-
secutive months also hit the
company’s consolidated total
income by more than 7 per cent
in the January-March period.
Sales stood at ₹7,606.31 crore
during the quarter, against
₹8,227.93 crore in the same
period last year.
Details on p3
The iconic India Coffee House brewing plans for revamp, expansion
Coffee Board seeks inputs from private
players on new business model
VISHWANATH KULKARNI
V SAJEEV KUMAR
Bengaluru/Kochi, May 10
The iconic India Cofee
House is set for a makeover.
The state-run Cofee Board,
which operates some 12 India
Cofee House outlets in vari-
ous locations including Par-
liament House, is exploring
options to revamp and ex-
pand as part of its eforts to
leverage the brand and pro-
mote cofee consumption
across the country.
The board intends to go in
for a revenue-sharing model
and on a minimum invest-
ment basis for the proposed
expansion.
It has initiated consulta-
tions with private players
and has sought estimates on
the capital expenditure and
operational expenses for
running a 1,000-1,500 sq feet
store and smaller format
kiosks of around 200-300 sq
ft in 75-100 cities.
Pre-bid discussions
Confirming the develop-
ment, Srivatsa Krishna, Sec-
retary, Cofee Board, said the
pre-bid discussions were still
in the initial stages.
“We have two more rounds
of consultations to go,”
Krishna said, stating that
clarity on the concept would
emerge sometime in July.
Long before the advent of
the café culture led by chains
such as Cofee Day, Baristas,
Costas and Starbucks, India
Cofee House was synonym-
ous with the growth of the
cofee culture in the country.
ICH has a significant brand
recall, especially among the
40-plus generation. Red
turbaned staf in white uni-
forms serving cofees and
snacks at reasonably prices is
a hallmark of ICH outlets.
ICH used to be a favourite
hangout or adda for political
activists, writers, govern-
ment employees, small-time
lawyers, sales executives and
the unemployed: in other
words, a curious mix of the
eclectic and the mundane.
Its old-world and unpre-
tentious ambience is wel- in the mid-1990s, led to a formed by the retireed em-
coming of everyone, not downsizing of the Cofee ployees of the Cofee Board
least because of the aford- Board workforce and the and continue to be run by
able cofees. The impact of closure of a number of loss- them,” said N Bose
liberalisation, which making India Cofee Houses. Mandanna, former vice-
brought about a change in “Some of the outlets were chairman of Cofee Board.
the cofee marketing system taken over by co-operatives
A welcome sign
Industry stakeholders see
the renewed efort to revamp
the ICH by roping in private
players as a positive develop-
ment.
“We welcome any eforts to
promote cofee. The Board
should look at the right
vehicle to expand the ICH,”
said Anil Bhandari, Presid-
ent, India Cofee Trust.
Interestingly, the Board,
which started India Cofee
House in the early 1940s, had
shut down several cofee
A file photo of India Coffee House in Bengaluru houses in the mid-50s in vari-
ous cities and dismissed
many employees. Following
this, Communist leader AK
Gopalan took over the leader-
ship of the retrenched em-
ployees and organised societ-
ies under the name of India
Cofee Board Workers Co-
operative Society. The first so-
ciety was formed in Ban-
galore in 1957; it opened the
first Indian Cofee House in
Delhi on December 27, 1957.
The Indian Cofee House,
as distinct from the Board-
run India Cofee House, is
completely owned and man-
aged by its employees.
The society now has a
chain with over 51 outlets
and associate canteens oper-
ating in all major towns and
in government establish-
ments, particularly in Kerala.

CM . ...... . .....CH-X
YK
 downloaded from : https://t.me/TheHindu_Zone
2 people@work
ON THE MOVE
Tripping up on business trips
Is it time to change archaic corporate travel policies and allow employees more control of their business trips?
CHITRA NARAYANAN
K
shitij Sharma, a young executive
in charge of business
development for his mid-sized IT
services firm, travels on work
frequently – at least 10 days a month. As
somebody who combines business travel
with pleasure and wants new experiences,
he has been pestering his company to
allow him to stay at an Airbnb of his choice,
but hits a wall. His company has a strict
travel policy wired to employee safety,
secure wifi, health risks and designated
hotels that meet these.
There is a clear mismatch between how
Sharma would like to travel and how his
company allows him to. Last year, Egencia,
the corporate travel brand of the Expedia
group, conducted a global survey of
business travellers. It found only 38 per
cent of employees were happy with their
company’s travel policies.
So what exactly do they want? Flexiblity,
more control of decisions, and ability to
change plans quickly. Often, when
meetings do not stick to schedule and a
stay gets prolonged, employees chafe at
the delay caused by having to route the
flight change request to their oice which
in turn will get in touch with the travel
management company (TMC).
They also want a ‘bleisure’ component. A
survey by BridgeStreet Hospitality, a service
apartment provider in the US, showed that
83 per cent of respondents used time on
business trips to explore the city they were
in, and 46 per cent stayed an extra day to
do some sightseeing. Most companies turn
a blind eye to this aspect.
Technology, of course, is solving the
problem of flexibility and control. Giant
corporations such as IBM, whose
employees are estimated to stay 4 million
room nights in hotels around the world,
have self-booking solutions that comply
with their policy. A lot of TMCs now ofer
these solutions.
Says Indiver Rastogi, President, Global
OFFICE BUZZ
Work as a metered service
What will be the nature of work when machines
take over? According to Gartner which predicts
that by 2022, smart machines and robots may
replace highly trained professionals in tasks within
medicine, law and IT, complex work will become
like a metered utility service that the enterprise
pays for, like electricity.
In its new report, Prepare for When AI Turns Skilled
Practices into Utilities, Gartner warns that too
much AI-driven automation could leave the
enterprise less flexible and amenable to a changing
competitive landscape. However, it says the effects
that AI will have on the enterprise will depend on
its industry, business, organisation and customers.
Some roles will disappear, but AI will improve some
skill shortages, and the IT firm as a whole will
increasingly focus on more creative work that
differentiates the enterprise.
Onboarding AI developers
Where are the data scientists and AI researchers?
That’s the big concern today as analytics and
machine learning changes job roles. Analyst firm
IDC estimates that 80 per cent of all applications
will have an AI component by 2020. To meet
surging demand for expertise in the field of AI,
NVIDIA says it will train 100,000 developers this
year, a ten-fold increase over 2016, through the
NVIDIADeep Learning Institute, which provides
practical training in use of AI tools and technology.
“We are doing an Ideathon, planning a 10-city
workshop across academic institutes,” says a
company statement on initiatives to onboard
100,000 developers over the next one year across
250 institutions in India. NVIDIA’s curriculum will
include the applied use of deep learning for self-
driving cars, healthcare, web services, robotics,
video analytics and financial services. Coursework
is being delivered online through Amazon Web
Services and Google’s Qwiklabs, as well as through
instructor-led sessions.
Apps and the Worker
How important are apps in employees’ daily lives?
According to the results of A10 Networks’
Application Intelligence Report (AIR), work and
personal apps are so integral that many in the
global workforce believe it is physically
uncomfortable to live without them.
The report, based on research involving more than
2,000 business and IT professionals in 10 countries,
looks at the rise in use and significance of apps in
our “blended lives,” in which lines blur between
how the global workforce manages work and
personal business through use of apps.
Although a majority of the global workforce thinks
apps are digital oxygen, they have a lax approach to
security. One in 10 said they never change their
passwords for their mobile apps, while another 29
per cent use the same password for the majority of
them.
Indians lose their mobile devices almost twice as
much as the global average. The young display
more careless digital behaviour as one in three
under 30 years has lost their mobile device or
computer.
CM
YK
As they like it Corporates are grappling with letting employees do their own thing on business
trips WONG YU LIANG/SHUTTERSTOCK.COM
Business Travel, Thomas Cook, India. “Over planning new solutions.
90 per cent of our corporates have made a For instance, at a FICCI event on
clear shift with adoption of our self- corporate travel, a host of TMCs engaged in
booking online tool ‘click2book’.” The tool a panel discussion on how their businesses
allows the corporate house to define set could get afected if HR departments
parameters depending on their budget, embraced new travel policies. Among
class of travel, and such. It also allows other things, they discussed Airbnb and
direct payment with a corporate card. what the impact would be if more
Niharika Singh, Director, B2B and OTA companies went the per diem route. A
Sales of budget hotel aggregator Treebo cheaper room in a bigger city may be more
which has launched a booking tool called wholesome than a more expensive one in a
Treebo for Business, too says there is smaller town, and Airbnb type of
growing adoption with 10 per cent of their accommodations can help, says a travel
500-strong corporate clients shifting to the agent.
tool. However, barely two to three per cent Also with so many startups in the Indian
of corporate employees can do end-to-end landscape, a diferent set of corporate
booking themselves. “That would be our customer has emerged. As Suchi
next extension in the tools we ofer Mukherjee, CEO and Founder, LimeRoad,
corporates,” she says. says, “Culturally, tech start-ups have a very
But while the tech solutions are coming diferent approach to most things. This
in, it’s at the policy level corporates are not includes travel policies as well.”
responding. In fact, policies are tightening, This is why Thomas Cook tied up with
says Rakshit Desai, MD, FCM Travel Airbnb last year as an experiment,
solutions. And while globally some far- although in India, only startups allow
sighted corporates are even mulling employees to stay there. “While we have
introducing bleisure policies as perks to seen an uptake for long stays, Airbnb
engage employees while on trips, in India, accommodation has not really been seen
there is increasing focus on compliance. as a viable option in the enterprise arena
Contrast this with the vendors, who are unless channelled through the TMC selling
keeping a watch on global trends and space,” says Rastogi. “Large enterprise
HIRE-Archy
Resumés aren’t passé, yet
page is all that matters. Anything
more than that is information
overload, nobody is going to read
beyond that, so don’t waste your
time writing long resumés. I am not
KAMAL KARANTH
kidding, the average time a recruiter
takes to read a resumé is less than a
minute. Not that the recruiters have
Make some time to got bot power; just that they are
mandated to look for things they
craft your CV need, not what you want to convey —
precisely the reason resumé reading
and matching should soon be done
In a world of uncertainty, we don’t by machines.
know when we will need our CVs to Will we still need resumés for the
be ready next. Yes, there is LinkedIn future? I reckon yes. The medium we
for the socially active ones, but how use to depict ourselves may change,
many update it? The majority of but we will still need to talk about
LinkedIn profiles describe their our past. As much as hiring is done
tenure with past employers with just keeping the future potential in mind
designations. It’s an irony that we we still need an indicator of the past.
spend very little time to describe That’s where a resumé is a great
ourselves in the world where self- starting point. When did you last
projection is considered a potent write your resumé for a job? I wrote
weapon. mine eight years ago, but struggled
The last time I wrote a resumé with the content as I wasn’t sure
‘peacefully’ was 22 years ago, when I what my next employer wanted to
was just out of college and did not see. In my view the resumé writing
worry about what needs to be in a in the current context is flawed as
resumé, added to the fact that the Often, we start by editing our last
contents did not exceed a page. resumé or copy/paste from similar
Recently when one of my looking profiles of others, as we
prospective investors asked me to attend to our CV only when a
send a one-pager about myself, I recruiter calls us.
realised life had come full circle. One We outsource it to so called
INTERVIEW
‘Recognition has to be timely and frequent’
Beth Thornton, EVP at employee rewards solutions
firm OC Tanner, on spreading the art of appreciation
CHITRA NARAYANAN is getting more personalised. Earlier, a
recognition programme was done
O C Tanner is a 90-year-old company more to check the box. Today, it is a
that pioneered the recognition culture initiative to drive engagement
industry. It designs and helps and productivity, and companies look
implement global employee rewards at impact. And culture initiatives often
and recognition solutions for clients. start at the CEO-level.
Beth Thornton, executive vice-
president at OC Tanner, leads a team of How is employee engagement
200 recognition strategists across the evolving? Are companies confused,
Americas, Europe, India and Asia blindly emulating Google’s model of
Pacific. workplaces with food on tap, sleep
pods and so on?
Why do companies need recognition What companies sometimes miss out
strategists to advise them? Isn’t that on is that engagement cannot be
HR’s role? Does that mean HR is not driven. This has to come voluntarily.
doing its job? Today, we see a lot of pressure among
There is a diference. HR has to companies to create an environment
champion recognition and steer it, people want to engage with.
whereas we call ourselves strategists. Many companies believe happiness
Our expertise lies in coming up with a is the key to it and they try to create
recognition strategy suited to the happy employees. But we believe it is
company, based on research and best the other way round. Engagement
practices. comes first and happiness follows.
Earlier companies had a one-size-
fits-all approach to recognition, now it A lot of companies seem to be
downloaded from : https://t.me/pdf4exams
ONLINE/OFFLINE
‘Regular communication is key’
CEO mantras at work
and at ease
He has just led his company
through a takeover, a period that
customers need to have data, control,
usually is stressful in any execut-
safety and compliances met, while Airbnb
ive's life. And yet what strikes one
as a product/concept is primarily B2C and
about Ajay Bakaya, the impec-
not an enterprise-level business model in
cably dressed Managing Director
the India context,” he explains.
of Sarovar Hotels, in which
France’s Louvre Hotels has taken a
Cost, convenience or compliance?
majority stake, is his calm and col-
According to Rastogi, there is some focus
lected demeanour. Here is how he
on convenience these days. He says, “We
deals with things that are the new
have witnessed our corporate houses are
normal for a leader:
moving from cost criteria to employee
Mergers and acquisitions
convenience within a governed
One needs to be prepared to
environment. It is no longer the cheapest
adjust to another culture, an-
airline/ hotel, but rather the most eicient
other climate. In our case it
logical option gaining momentum.” Rahul
couldn’t have been smoother.
Pandit, MD & CEO of Roots Corporation
Louvre told us it’s not for us in
which runs the Ginger group of hotels and
France to tell you how to run the
has a large number of business travellers
business in India. Apart from cer-
as its guests, observes that companies look
tain processes to get approvals, it
at work trips in productivity terms. Good
was very smooth.
sleep, shower, security are all conducive to
During any acquisition or mer-
higher productivity and so prefer hotels
ger, as soon as you can – and
that can assure these.
ideally before the deal is signed –
Costs are not ignored either. Desai of
you should share what is going
FCM says, “Companies used to ignore hotel
on with your employees. If there
costs, as air fares made up the majority of
is a people change in the oing,
the travel cost. However, now corporates
and you are letting people go,
have realised the concept of ‘cost per trip’.
communicate early and smooth
The entire cost of a trip is being looked at,
things out. Explain with empathy
not just hotels or airfare.”
why this needs to happen, give
Startups too are cost-conscious. At
good references and put them in
LimeRoad, Mukherjee says they have a
touch with headhunters. Tell
blush test in place. “We ask our people
those who stayed why
what they would do if they were spending
you had to let the
their own money invested in a business.”
others go. Regular
Would they have reason to “blush” if their
communication
manager were to question their expense?
is key.
“They automatically take the right
Working with
decisions saving costs, maximising time, or
millennials
the tasks at hand.”
I deal with them
Talking to employees, vendors and
in a manner which
corporates, it emerges that all three have
says I understand
disparate approaches to business travel. As
what you are doing
Niharika Singh says, “Corporate travel is
although we are
ripe for a technology-led disruption
not on the
similar to B2C travel a decade ago.” Also
same
needed, perhaps, is disruption and
page. Mil-
simplification of travel policies that in Ajay Bakaya,
some firms run into 60 pages. MD, Sarovar Hotels & Resorts
anybody’s interest,
CARTOON RESOURCE/SHUTTERSTOCK.COM
If it’s your resumé why won’t you
spend a couple of hours to write a
page on your own from scratch as
the best person who could describe
you is you? Yes, there are some
nuances, but they are all common
sense rather than rocket science.
We thought LinkedIn would
eliminate resumés. It hasn’t, yet,
though it has given them a diferent
dimension. We have pundits telling
us that digital resumés are here,
video resumés are the future, but I
think the standard one-pager is an
important part of your description. I
know LinkedIn does some justice to
profiles, but it also ‘curtails’ your
creativity to certain extent. Video CVs
will not work for many of us who are
camera-shy and may become
discriminatory in many ways, just
like adding your photo to the
resumé enhances or diminishes it
based on who is seeing it.
So, what’s the secret to resumé
writing in the future?
professionals for a fee, either Write your one-pager resumés
because we are lazy or we can aford once a year.
it Make them short and precise, be
Average length of resumés for consistent with what you have on
working professionals today is about LinkedIn. Some employers have all
three long pages. We add all the the time in the world to see both.
details of our life and work and Your achievements are more
make it too lengthy for it to hold important than your job description
More appraisals, more opportunity (Inset) Beth Thornton KENTOH/SHUTTERSTOCK.COM
gamifying recognition programmes. words of appreciation?
How does that work? We did research on this and found
Gamification is an interesting both are equally important. But
concept, and draws people in. But rewards themselves are changing.
companies need to understand that Choice has become important. People
recognition has to be second nature at want choice in what the company is
all levels. Leaders and managers need giving them. And each employee has a
to be encouraged to drive recognition diferent choice. But symbolic
and witness the power of receiving. gestures too have a place. To give an
Those who receive recognition are example, when you win a medal at the
more prone to giving recognition as Olympics and the national anthem is
well. played, the feeling the piece of music
gives cannot be replicated by cash or
In your recognition strategy, which any other reward.
type of rewards work better –
material or intangible ones such as Some companies seem to be
CHENNAI
BusinessLine
THURSDAY • MAY 11 • 2017
lennials, I find, are happier work-
ing on four or five things simul-
taneously. They do not seem
focused. But actually they are
really smart. I work on the prin-
ciple that every generation is
smarter than the previous. I tell
millennials in my oice to give
me more and more ideas. They
help me stay abreast of what our
guests want today. A lot of ideas
come from them.
Worries about artificial
intelligence
I am currently reading Indus-
tries of the Future by Alec Ross,
which is on the next wave of in-
novation in robotics, big data
and how it will afect our world.
Let’s be clear, the hotel in-
dustry has not been a pioneer in
any new form of technology, and
usually comes quite late to it. Al-
though we see some AI happen-
ing in India, it will probably take
4-5 years to make inroads into
hospitality. Our approach is to ad-
apt pro actively.
Stress and pressures
Tip one: Take holidays regu-
larly.
Tip two: Assign yourself a “me
time”. I go to the gym and see
people taking calls on their mo-
bile phones. What is the mobile
dong there?
Tip three: Always have pre-de-
termined times to look at mails
and respond to them. I don’t be-
lieve in an ‘always on’ e-mail ap-
proach. Be structured.
Tip four: Find an outlet other
than work. It could be physical
or spiritual. Mine are both, as
well as a bit of comedy. I also
have the ability to switch of.
Work stresses are there in every
executive’s life – but
you must learn
to switch of
in order to
work ei-
ciently.
which is easy to reference check
later. Yes, the product, technologies
are important to mention, but you
will know that better.
It’s your resumé, not your
employer’s, so don’t waste time
detailing what they do. If you are
working for not so famous
organisations, just mention their
URL for people to click on if they
want to know more.
Despite all the rhetoric above, let
me state this: There is nothing like
working hard and making an impact
on your organisation. The good word
spreads and you will get calls from
people who will be in awe of you.
Subsequently when they meet you
the reference and reputation gets
the better of you than the contents
of the CV sent before that. Your own
career track record in the form of
assurance and confidence will take
care of the interview needs.
We don’t need our CVs when we
are at the peak of our success. Most
often we prepare CVs when we are
not performing or out of favour with
our current employer. For those
rainy days, we had better be
prepared with a well-written resumé.
(The author who was till recently
the MD of Kelly Services & Kelly OCG
India is a prolific commentator on
workplace dynamics.)
automating their recognition
programmes. Is that how it will work
here on?
Tech startups are providing rewards
programmes with a lot of features. But
tech is not a strategy, it just brings a
strategy to life. Recognition, we
believe, cannot be automated as these
are about human interactions and not
transactions. Technology can be used
to incentivise – such as through
notifications. But recognition expands
your performance.
Any other trends?
Peer recognition is becoming
important. Recognition programmes
are also now getting more self-driven.
Managers can now go and see how
they are doing. It is becoming part of
the work stream itself.
With many companies
incorporating immediate feedback
and round-the-year performance
management, our role is also coming
into play more often. If you have more
frequent appraisals, there is more
opportunity to appreciate.
Recognition works better when it is
timely and frequent.
. ...... . . ...CH-X
CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 NEWS 3

Hero MotoCorp Q4 net Hit by note ban, BS-III phase out

skids 14% to ₹718 crore Q4 COMMENT

Plans capex of
₹2,500 cr up to
FY-19 for new
product
development,
digitisation
OUR BUREAU
New Delhi, May 10
Demonetisation and the ban
on BS-III norms from April have
badly dented the earnings of
the country's largest two-
wheeler manufacturer, Hero
MotoCorp.
On Wednesday, the company
reported a decline of 14 per cent
in its consolidated net profit at
₹717.75 crore in the fourth
quarter ended March 31, com-
pared with ₹833.29 crore in the
corresponding period last year.
Pawan Munjal, Chairman, MD
and CEO, Hero MotoCorp
The decline in sales for con-
secutive months also hit the
company’s consolidated total
income by more than 7 per cent
in the January-March period,
which stood at ₹7,606.31 crore
against ₹8,227.93 crore in the
same period last year.
The company sold 16.22 lakh
units of two-wheelers during
the period, down 6 per cent,
compared with a little more
than 17.21 lakh units in January-
March quarter 2016, it said.
“During the fiscal, Hero sur-
passed the landmark 70 mil-
lion sales in cumulative sales
since its inception -- a reflection
of sustained popularity of Hero
products among customers,”
said Pawan Munjal, Chairman,
Managing Director, and Chief
Executive Oicer.
He said the company has
planned a capex of ₹2,500 crore
up to fiscal 2019 towards new
product development, digitisa-
tion, phase-wise capacity in-
stallations and expansion at its
existing facility in Gujarat and
upcoming plants at Andhra
Pradesh and Bangladesh.
The company said the di-
vidend of 4,250 per cent, in-
cluding the interim dividend of
2,750 per cent will remain.
The company’s scrip closed
at ₹3,322.40 on the BSE on Wed-
nesday, up 0.99 per cent from
the previous close.
PARVATHA VARDHINI C
BL Research Bureau
Hero MotoCorp’s lacklustre volume
show since the demonetisation contin-
ued into the quarter ended March 2017,
with the company recording a drop in
volumes in both January and February
(over the same period in 2016).
The only bright spot was the month
of March in which volumes showed a
marginal growth, thanks to the fire
sale of BS III-compliant two-wheelers in
the last two days of the month.
Hence, overall volumes for the
quarter dropped by 5.7 per cent. Aver-
age realisations came down by 2 per
cent to ₹46,170 per vehicle, due to huge
discounts ofered to liquidate the BS-III
inventory.
The company has taken a one-time
hit of ₹193 crore on the topline due to
this discount.
These factors resulted in the revenue
for operations dropping by 7.7 per cent
to ₹7,488 crore for the three months
ended March 2017, over the same
period last year. The company did not
find much solace at the operating level,
although employee costs and other ex-
penses came down by 6-10 per cent
compared with the March 2016
quarter. This is because of the rise in in-
put costs.
Raw material cost as a percentage of
revenues inched up by a percentage
point to 61 per cent.
The pressure from the top line as
well as at the operating level showed in
the operating margins.
The margin came in at 14.3 per cent,
compared with 16.1 per cent a year ago.
Net profit fell by 13.8 per cent to ₹718
crore, notwithstanding the 38 per cent
fall in tax outgo.
With several measures announced
in the budget to boost rural consump-
tion and expectations of a normal
monsoon, much for the company
hinges on how rural demand picks up
in the months to come.
Success of recent launches such as
the new Glamour, new Maestro Edge,
Duet and Pleasure and that of half-a-
dozen new launches slated for this
fiscal, also remains key.

USL to investors: no threat from highway liquor ban

CEO Kripalu chalks out
five priorities to
grow margins
K GIRIPRAKASH
Bengaluru, May 10
The country’s largest liquor maker
United Spirits has in a presentation
to its investors in London, said that
the Supreme Court ban on alcohol
sales near highways will have a
short-term impact on its sales.
Anand Kripalu, Chief Executive
Oicer of the Diageo plc-owned USL,
said the company “expects the im-
pact to be mitigated eventually and
where it doesn’t get mitigated the
consumption will shift to other
outlets”.
Following the ban, USL shares
took a 15 per cent slide but after as-
surance from its CEO, the shares re-
covered to a healthy ₹1,961, up
nearly 3.5 per cent.
Kripalu who is the first Diageo-ap-
pointed CEO of the company after
the London-based liquor maker
bought a majority stake in USL, said
several States have or are in the pro-
cess of declassifying highways,
while the others are fast-tracking al-
cohol licence approvals.
He also pointed out that while the
GST may not include alcohol, there
is a lot of support to make sure alco-
hol is not unduly hurt as a result of
input costs going up.
“We are in on-going discussions
with the government around tax
slabs for our inputs,” he said.
Topline to grow
The company said it will grow
topline by double digit and improve
operating margin to mid-high
teens.
This will be achieved through five
strategic priorities. These include
strengthen and accelerate core
brands, evolve route to consumer,
drive out cost to invest in growth,
corporate citizenship and create a
future-ready organisation.
Kripalu said the company has cre-
ated what it termed as a fit-for-pur-
pose model for its popular brands
with three approaches to managing
the brands.
He said in States like Maharashtra
and Karnataka where it expects to
have a profitable growth in the long
term, it will retain the business and
operate it themselves. In certain
States where local parties have an
advantage to increase the value of
the popular brands, it has already
started appointing franchisees for
the brands through a fixed fee
model. It will exit those States,
where it doesn’t see a profitable
business model.
United Spirits has over 100
brands of which 15 brands sell over 1
million cases. Its Prestige and above
brands represent about 60 per cent
of net sales.
The company also said it has de-
livered 700 bps of organic margin
improvement through the end of
F16 and it now stands at about 10 per
cent.
BusinessLine
Disclaimer: Readers are requested to verify &
make appropriate enquiries to satisfy themselves
about the veracity of an advertisement before
responding to any published in this newspaper.
Kasturi & Sons Limited, the Publisher & Owner of
this newspaper, does not vouch for the
authenticity of any advertisement or advertiser or
for any of the advertiser’s products and/or
services. In no event can the Owner, Publisher,
Printer, Editor, Director/s, Employees of this
newspaper/company be held responsible/liable in
any manner whatsoever for any claims and/or
damages for advertisements in this newspaper.

CM . ...... . . ...CH-X
YK
 downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams CHENNAI

4 NEWS BusinessLine
THURSDAY • MAY 11 • 2017

QUICKLY
Coming together Prime Minister Narendra
Modi with Russian Deputy Prime Minister
Dmitry Rogozin at a meeting in New Delhi on
WednesdayPTI
PM happy with progress in Russia ties
New Delhi, May 10
Ahead of his visit to Russia, Prime Minister
Narendra Modi today expressed satisfaction
over the “positive all-round progress” in the
bilateral ties as visiting Russian Deputy Prime
Minister Dmitry Rogozin met him here.
Rogozin is in India for the India-Russia Inter-
Governmental Commission meeting that is
co-chaired by the External Affairs Minister
Sushma Swaraj. He appreciated the frequent
high-level exchanges between the two sides as
both countries celebrate the 70th anniversary
of establishment of diplomatic relations this
year, a PMO statement said. The Prime Minister
will be visiting St Petersburg to attend the St
Petersburg International Economic Forum
(SPIEF) to be held from June 1-3. PTI
Gadkari to promote masala bonds
London, May 10
Union Minister Nitin Gadkari
will visit the UK this week to
promote the masala bond
market for India’s
infrastructure needs. The
Road Transport, Highways
and Shipping Minister’s
three-day UK visit from Thursday will kick off
with a market opening ceremony at London
Stock Exchange, where he will address
investors on the opportunities in India. Gadkari
will be making a pitch in a keynote address at a
UK-India Conclave titled ‘A New Era in UK-India
Relations’. PTI
Modi leaving for Sri Lanka today
New Delhi, May 10
Signalling a growing congruence in ties, Prime
Minister Narendra Modi will leave for Sri Lanka
on Thursday on a two-day visit to further
deepen ties with the island nation where China
has been trying to expand its influence. Modi
will attend the biggest Buddhist festival ‘Vesak
Day’ as its chief guest, but his schedule
includes a visit to Kandy and interaction with a
group of Tamil people in the upcountry region.
In the upcountry region, Modi will dedicate a
hospital built with financial assistance of ₹150
crore by India. It will be his second visit to Sri
Lanka since becoming the Prime Minister. India
has been pressing Sri Lanka for devolution of
power to the Tamils as part of the
reconciliation process.Briefing reporters on
Modi’s visit, Joint Secretary in the External
Affairs Ministry Sanjay Panda said no structured
talks have been scheduled, but Modi will be
interacting with the Sri Lankan leaders. PTI
Deposit gush: CA Institute bats for special audit
Need to assess impact of demonetisation
on banks, says ICAI chief Vikamsey
KR SRIVATS
New Delhi, May 10
The CA Institute has urged the
Finance Ministry and the Re-
serve Bank of India (RBI) to al-
low its members to undertake
focused “special audit” of de-
posit flows into the banking sys-
tem during the demonetisation
period, which started on
November 8 and ended on
December 31 last year.
There is a need to assess the
demonetisation impact at each
of the bank branches vis-à-vis
the RBI circulars on this issue
and gauge the extent of compli-
ance, Nilesh Vikamsey, Presid-
ent, Institute of Chartered Ac-
countants of India (ICAI) told
BusinessLine in an interview
Subsidised power is here to stay: Goyal
‘UDAY scheme is a big success; all State
distribution companies have surplus power’
RICHA MISHRA/TWESH MISHRA
New Delhi, May 10
Aderegulated electricity market in
India is a distant dream.
“We won’t see a completely de-
regulated power market in the
near future, unless some States go
in for a Direct Benefit Transfer of
subsidy,” said Piyush Goyal, Minis-
ter of State (Independent Charge)
of Power, Coal, New & Renewable
Energy, and Mines.
“As far as I am concerned, the
poor and the agriculturalists of
this country are getting cheaper or
low cost power, which is good,” he
added.
In a conversation with Business-
Line,Goyal said that he was open to
the idea of having a fixed electri-
city tarif for industrial consumers
to attract investments. The Minis-
ter said that States are working on
it, “Once they work on it they will
go to the regulator, I think they will
do it.”
Punjab has already experi-
mented with it and now Uttar Pra-
desh was also proposing to ex-
plore the concept.
Asked if it will distort the power
X
W
“No cash has been given to
anybody under UDAY. All
we have asked from
them is to regulate
themselves and improve
efficiency.”
here on Wednesday. “Whether
the compliance with RBI circu-
lars or government intent has
happened or not in each branch
is something that needs to be as-
sessed and a focused special
audit of demonetisation is the
need of the hour,” Vikamsey
said.
The CA Institute also plans to
take this suggestion on “special
audit” to the Central Board of
Direct Taxes (CBDT), he added.
Banks had reportedly con-
veyed to the Income-Tax Depart-
ment that there were more than
91 lakh cases where the amount
deposited in banks had ex-
ceeded ₹2 lakh in each case dur-
ing the demonetisation period.
“We have members all over
market, Goyal said, “Not at all.
Earlier people used to give excise
and sales tax benefits, now all that
will be over after GST. Now they
will have to give afordable land
and things such as power.”
In fact, in the last three years
(since NDA government came to
power), the cost of electricity has
fallen in every State, he said adding
“This is despite coal cess going up
to ₹400 a tonne and rail freight go-
ing up. We have been able to mitig-
ate and manage it by eiciency
and improvement in specific heat
rates of coal-based power plants.”
No new power purchase agree-
ments (PPAs) have been signed in
the recent past because every dis-
com has surplus power, he stated.
But when asked about former
Power Minister Jyotiraditya
Madhavrao Scindia’s claims of
“surplus power”, Goyal states, “I
wish when he had the opportunity
he had made sure that across the
country people got power
when they wanted.”
He further said that
there was a time when
everyone feared
Nilesh Vikamsey, President, ICAI, said a special audit of demonetisation
is the need of the hour
the country including small
towns. If a specific scope is made
out, we can help the RBI..help
the government and regulators
in whatever they want to
identify and verify,” said
Vikamsey.
that electricity will not be available
and so excessive PPAs were signed.
It was a psychology of shortages,
he added.
UDAY, a success
Goyal dismisses any suspicion
about Ujjwal Discom Assurance
Yojana or UDAY hitting a roadb-
lock. “Discoms have not failed. In
fact, their payment terms have be-
come better now because of a grip
on their working. No cash has
been given to anybody under
UDAY. All we have asked from
them is to regulate themselves
and improve eiciency.”
“If we had given cash or allowed
Bank branch auditors
Meanwhile, Vikamsey said that
as many as four public sector
banks (PSBs) have approached
the CA Institute to develop soft-
ware that could be used for cent-
ralised appointment of branch
more borrowing, then we would
have remained where we were
prior to 2014. Even now it’s volun-
tary. Look at it like this, UDAY is a
voluntary thing, which is accepted
across the States and seven union
territories with no pressure and
compulsion from the Centre,” he
argued.
Except West Bengal all States
have come on board.
According to Goyal, the States
which are not improving their dis-
com’s health or power supply are
making a grave mistake. “The pub-
lic does not forgive these days. In
UP, people were unhappy with the
way the whole government was
functioning,” he added.
On whether India will see ultra
mega power projects, “yes, they
will be a reality, as they will assure
cheap, clean power over a long
term.”
Goyal agreed that the country’s
energy mix is changing as more
green energy is being flushed into
the grid, but he maintained that
thermal will remain the base
load for power supply.
X
W
“We have members all over
the country including small
towns. If a specific scope is
made out, we can help the
RBI..help the government
and regulators in whatever
they want to identify and
verify.”
auditors in a bank. “The whole
idea is to improve the auditor
appointment process and en-
sure that there are scientific cri-
teria and no adhocism or arbit-
rariness,” he said.
This follows the recent RBI dir-
ective to banks to have a central-
ised appointment of branch
auditors through software.
The PSBs could either have
their own software or bank
upon a third party (the CA Insti-
tute) to develop the software,
EB-5 visas: expensive but
preferred route to US
RAJESH KURUP
Mumbai, May 10
The demand for EB-5 visas is sur-
ging, riding mostly on the fabled
American dream of equal oppor-
tunity for prosperity and success.
The number of Indians applying
for the EB-5 programme is expec-
ted to more than double to 300
this year.
The EB-5 is an investor visa,
wherein applicants have to invest
minimum $5,00,000 to migrate
to the US. The proceeds are
mainly invested in real estate,
construction and other sectors to
create jobs, with a mezzanine
debt raised under the EB-5 project
and then provided to the de-
veloper with a four-year term and
two one-year extensions.
The money is returned then
after the period to the investor.
The investor, who gets a green
card, can choose any kind of work
to
“If you look at the demograph-
ics of India, with 1.3 billion people,
and a highly educated and soph-
isticated upper and middle class,
it is one of the largest immigrant
countries to the US, and it makes
Indians perfect for this pro-
gramme. People are looking for a
proper path to immigrate to the
US and EB-5 is a certain path for
that,” said Andrew R. Graves, dir-
ector of business development
and head of India at US Immigra-
tion Fund (USIF).
USIF is the largest EB-5 fund
raiser in the world, having fun-
ded 24 projects worth $15 billion
the RBI had allowed. The new
process of appointment of
branch auditors for public sec-
tor banks will take efect from
2017-18.
“We are happy that we have
moved at least one level. Ideally,
we would have liked RBI to set
up the software and give it to
them. They (RBI) have given
freedom to the banks to have
their own software. Be that as it
may, we have actually pro-
gressed one step.
“We actually wanted an inde-
pendent agency to develop the
software so that there is no iota
of any bias anywhere,” said
Vikamsey.
In the last few years, the CA In-
stitute had been opposed to the
government’s decision to give
freedom to the public sector
banks to appoint their own aud-
itors.
in development and $3.2 billion
in EB-5 funds through 6,400
investors.
“The US government is not
against legal immigration, but
only against illegal immigra-
tion,” he said, adding that 149 In-
dians used this programme last
year.
USIF, which already has an of-
fice in Mumbai, is looking to open
another in New Delhi “shortly”.
In 2016, China (people born in
mainland) topped the list, fol-
lowed by Vietnam, South Korea,
China (Taiwan born) and Brazil.
India ranked sixth with 1.5 per
cent of the total number people
who availed themselves of the
scheme.
The EB-5 is an investor visa,
wherein applicants have to invest
minimum $5,00,000 to migrate
to the US. The proceeds are
mainly invested in real estate,
construction and other sectors to
create jobs, with a mezzanine
debt raised under the EB-5 project
and then provided to the de-
veloper with a four-year term and
two one-year extensions.
The money is returned then
after the period to the investor.
The investor, who gets a green
card, can choose any kind of work
to live in the US.
EB-5 has been in existence since
1990 and has enjoyed many ex-
tensions. On April 30, the US Con-
gress extended it by another six
months to September 30, with an
intention to revisit it then.

Start-up scheme: Bio-tech
firms to get relaxation of
3 more years for eligibility
AMITI SEN
New Delhi, May 10
Bio-technology firms are
likely to soon get a relaxa-
tion of an additional three
years in the eligibility cri-
teria for being recognised as
start-ups.
The Department of Bio-
technology (DBT) has sent a
formal proposal to the De-
partment of Industrial
Policy and Promotion (DIPP)
stating that the require-
ment of registration of entit-
ies not prior to five years
should be extended to eight
years for bio-tech firms as
their gestation period is
more than other sectors.
“This seems to be accept-
able to DIPP and there may
be changes in the rules
soon,” a government oicial
told BusinessLine.
The change in the dura-
tion criteria for bio-tech
start-ups is likely to be a part
of the overall changes in the
definition of start-ups that
the DIPP is planning to bring
about.
“The DIPP is planning
some relaxation in the gen-
eral definition of start-ups.
Changing the duration for
bio-tech start-ups may be
part of the overall package,”
the oicial added.
The current definition
stipulates that a start-up
means an entity incorpor-
ated or registered in India
not prior to five years and
not having a turnover in ex-
cess of ₹25 crore in any pre-
ceding financial year. The
third criteria is not of
innovation.
“Bio-tech is the only sector
that would have specific
changes in the start-up eli-
gibility criteria. No other sec-
tor at present would get a
special dispensation. How-
ever, if there are changes in
the overall definition, it
would be applicable to all,”
the oicial said.
Status quo on tax sops
The DIPP will also not bring
about any changes in the eli-
gibility criteria for tax in-
centives. At present eligible
start-ups can make use of
their three-year tax holiday
in a block of seven years.
“Tax holiday falls in the do-
main of the Finance Min-
istry. Although the DIPP has
recommended an increased
period of tax holiday for
start-ups, the final decision
has to be the Finance Min-
istry’s,” the oicial said.
Apart from tax sops, start-
ups, meeting the five-year
duration criteria, are eligible
for several other incentives.
Start-ups falling under the
list of 36 “white” category in-
dustries get exemption from
a number of environmental
laws and labour law
relaxations.
To give a leg up to start-
ups, public procurement
norms for micro and small
enterprises have been eased.
The Department of Ex-
penditure has also notified
that all Central Ministries/
Departments may relax con-
dition of prior experience
and prior turnover in public
procurement to all start-ups
subject to their meeting
quality and technical
specifications.
Pakistan may not grant visa to Jadhav’s family
India still unaware of his whereabouts,
says External Affairs Ministry
NAYANIMA BASU
New Delhi, May 10
Pakistan is unlikely to grant
visas to the family of Kulb-
hushan Jadhav, a retired In-
dian Navy oicer who has
been given a death sentence
by their military court on
charges of espionage, even as
India has sought help from
the International Court of
Justice (ICJ) on this matter.
Pakistan believes that
granting access to Jadhav’s
family will tantamount to
granting consular access to
him as his whereabouts will
be known.
According to Pakistani au-
thorities, Jadhav is being
treated as a “terrorist” having
committed “acts of terror of
the highest measure” and
hence there is “no way”
Pakistan will allow his family
to meet him, a senior
Pakistani oicial told Busi-
Indian Ocean must be given a ‘modern purpose’
for peace, prosperity of the region, says Akbar
PRESS TRUST OF INDIA
New Delhi, May 10
The Indian Ocean should
be given a “modern pur-
pose” to make it a central
space in the geo-economics
of the 21st century for in-
tegrated prosperity and se-
curity and sustained peace
in the region, India said
today.
MJ Akbar, Minister of
State for External Afairs,
said, that India seeks an in-
tegrated future for the In-
dian Ocean region through
the development of a “Blue
nessLine requesting anonym-
ity.
However, the oicial said
Jadhav can exercise three op-
tions — he can appeal in a gen-
eral court, after which he can
file another appeal in
Pakistan’s Supreme Court,
and finally, he may request for
a mercy petition.
The oicial also said that
these are options that Jadhav
MEA spokesperson Gopal Baglay said India had no option but to
approach the ICJ as its requests for Consular access to Kulbhushan
Jadhav were repeatedly denied by PakistanAP
Economy” and called for
inter-governmental co-
operation for financing it.
Addressing a ministerial-
level conference at the
Second Indian Ocean Rim
Association (IORA) meeting
on Blue Economy in
Jakarta, he said the sus-
tained economic growth
across the Indian Ocean is
proof that the world’s eco-
nomic engines are purring
to a new tune in the 21st
century.
“We in IORA must turn
this into the harmony of a
can exercise, but not his fam-
ily. Therefore, the petition
filed on his behalf by his fam-
ily may also not be honoured
by the Pakistan authorities.
Meanwhile, the matter has
now moved to the Hague-
based ICJ, which is the
primary judicial arm of the
United Nations (UN). In an or-
der, issued late Tuesday night,
ICJ said it had ordered
Pakistan to not carry out
Jadhav’s execution in haste.
Pakistan, while refusing to
follow ICJ’s order, has called
India’s move to be a “pre-
MJ Akbar, Minister of State for
External Affairs
great choir, where each of
us is an equal voice. The
21st century will be shaped
by the principles of equal-
ity and sovereignty. Those
who believe in discord
emptive stance”.
India moved the ICJ on May
8, blaming Islamabad of
“egregious violations of the
Vienna Convention on Consu-
lar Relations” in the matter of
the detention and trial of
Jadhav. It also sought from
Pakistan, through ICJ, four re-
lief measures — immediate
suspension of the death sen-
tence, restitution in inter-
regnum by declaring that the
sentence of the military court
was arrived at in brazen defi-
ance of the Vienna Conven-
tion rights, restraining
Pakistan to implement the
death sentence given by a mil-
itary court and, finally, ICJ
should step in and call the
judgement illegal if Pakistan
is unable to annul the
decision.
The ICJ is expected to again
meet on this matter in the
next few days as the legal pro-
cedure unfolds. India is being
represented by senior advoc-
ate Harish Salve at the ICJ.
Speaking to reporters here
have no place in a choir,”
Akbar said, according to a
statement issued by the
ministry.
He, however, said shared
prosperity demands
shared security. “Security is
best protected by the rule
of law, and we must all
honour the international
laws that govern maritime
behaviour, in both letter
and spirit. No one can be
above the law.” The oceans
have no walls. Let us make
blue the colour of peace
and prosperity” he said.
on Wednesday, MEA spokes-
person Gopal Baglay said In-
dia had no other option but
to approach the ICJ.
“We have made 16 re-
quests for consular access,
which were denied. Despite
requesting the government
of Pakistan, both verbally
and in writing, at very
senior levels through diplo-
matic channels, we got no
response on getting the
documents of the case, such
as chargesheet, court pro-
ceedings etc.
“We do not know the
status of the appeal or peti-
tion filed by the mother or
the visas applied by the fam-
ily so they can go to Pakistan
personally to meet their
son. So in this situation...
what we have done is ap-
proach the ICJ,” Baglay said.
In a parallel develop-
ment, Minister of External
Afairs Sushma Swaraj has
spoken to Jadhav’s mother
and informed her of the ICJ
development.

CM . ...... . . ...CH-X
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BusinessLine
THURSDAY • MAY 11 • 2017 NEWS 5

Bolted by trust, transparency and communication

Building on the TVS family
legacy, Sundram Fasteners MILESTONES
is riding the automotive on the road to high growth
boom to open up a world TVS takes over Kasjax Engineering
Ancillaries Pvt Ltd
of opportunities
Kasjax was licensed to make 450
tonnes of high-tensile fasteners, but
N RAMAKRISHNAN
was unable to implement the project

A
Chennai, May 10
t 80 years of age, Suresh Krishna
has earned the right to put his
feet up and enjoy the pleasures
of life. But the Chairman and
Managing Director of Sundram Fasteners
Ltd is in his oice a little after 8 a.m. most
days, and keeps up a fairly busy daily
routine. .
Agile and fit, Krishna, an excellent ra-
conteur, has numerous anecdotes to nar-
rate about his company, which turned 50
this year, the lessons he has learnton this
journey and the ease with which he car-
ries the TVS legacy.
“The first 25 years of the company,” he
says without a trace of rancour, “were
dark years.” He could not expand capacity
even if he wanted to, because Sundram
Fasteners belonged to a large group, and
hence, came under the MRTP Act. His com-
petitors, one in Mumbai and the other in
Kolkata, faced no such restrictions.
More galling was that fasteners were
not classified under automotive compon-
ents but along with nuts and bolts as mild
steel fasteners, despite the automotive
sector accounting for a bulk of Sundram
Fasteners’ sales; that sector accounts for
as much as 95 per cent of its sales now.
In 1962, Krishna, a third-generation
member of the TVS family, had completed
a Master’s in Comparative Literature
abroad, after graduating in chemistry
from the Madras Christian College; upon
his return to India, his uncle, TS
Srinivasan, who more or less charted the
TVS group’s manufacturing strategy,
asked him to help the group as it took its
first steps in manufacturing.
The early days
Sitting in his elegant oice on the seventh
floor of an oice building on a busy Chen-
nai road, Krishna says he apprenticed for
six months in Lucas TVS and for about a
year in Wheels India. It was then that his
uncle called him and said that someone
they knew had got a licence to produce
450 tonnes of high-tensile fasteners but
was unable to execute the project.
Srinivasan wanted Krishna to take up the
company and run it. When Krishna pro-
fessed his ignorance about fasteners,
Srinivasan’s reply was simple: learn as
much as you can and then learn on the
job. Krishna immersed himself in books
and studied about fasteners. He started
of with two machines that he bought
from the US. “I was young and raring to
go,” Krishna says, quoting a Tamil
proverb.
It was in a small shed in the Ambattur
Industrial Estate – C9 spread over 7,000 sq
ft – that Sundram Fasteners commenced
its journey. “The Ambattur industrial es-
tate was just coming up. We were one of
the first to move in. We were only eight
people in 1966. The turnover for the first
year was ₹4 lakh and we made a loss of
about ₹1,000,” says Krishna. Sundram
Fasteners’ initial capital was ₹7 lakh. But
in just five years in Ambattur, the
turnover jumped to ₹56 lakh, and the
company was making a profit. It had out-
Then and now From where Sundram Fasteners journey began at C9, Ambattur Industrial
Estate, Madras. (Right) A view of Sundram Fasteners' radiator cap plant
grown the space in the estate, but since
the TVS group had land in nearby Padi,
where Lucas TVS and Wheels India had
their plants, Sundram Fasteners relo-
cated there. After much persuasion, the
government allowed the company to ex-
pand its capacity to 2,400 tonnes from the
initial 450 tonnes. “Just to give you an
idea, we now make 80,000 tonnes,”
points out Krishna.
In the early 1970s, Tamil Nadu and
Chennai were beset with labour prob-
lems, including at the Lucas TVS plant.
Sundram Fasteners, however, did not face
any labour trouble; in fact, it has not had a
single day’s break in production all these
years due to labour issues, a record that
Krishna is proud of. He attributes it to the
excellent relationship he has had with the
workers, communicating with them fre-
quently and running the business in a fair
and transparent manner.
Growing, but with strings attached
By the early 1980s, Sundram Fasteners
had maxed its capacity of 2,400 tonnes.
The company’s main competitors were
Guest Keen Williams in Kolkata and Fit
Tight Nuts and Bolts in Mumbai. When
Krishna approached the government
again seeking permission to expand, he
was first told that he was not eligible for
expansion, but the company would be
given permission if it sold its shares – 49
per cent of equity – to the public and also
set up the plant in a backward area.
Krishna argued that since 95 per cent of
his customers were automotive compan-
ies, all of which had their plants in cities,
he should be permitted to expand within
city limits, but the oicials were un-
moved. Thus came up Sundram Fasten-
ers’ plant at Aviyur, a notified backward
area, near Madurai, now in Virudhunagar
district.
Krishna says the company reluctantly
agreed to go public even though it did not
need the money. It ofered shares of the
face value of ₹10 to the public at ₹14, the
price fixed by the Controller of Capital Is-
sues, even though it could have com-
manded a higher premium.
Z
Y 1966, it has over 8,000 now, including in
Making a good product, satisfying customers, satisfying
shareholders... these are only the ‘tooling’. The final
product is raising workers’ standard of living.
SURESH KRISHNA
CMD, Sundram Fasteners
Even as the Madurai plant started pro-
duction, Fit Tight Nuts and Bolts col-
lapsed due to labour problems. “All of Fit
Tight’s customers turned to us. The
Madurai plant just took of,” recalls
Krishna. Along with the setting up of the
Madurai plant, Sundram Fasteners ex-
panded into making cold extruded parts,
powder metal parts and set up a plant in
Hosur. For these, it bought technology
from two German companies.
Management guru CK Prahaladused to
say that every company has its core com-
petence, which it must identify and de-
velop. Krishna, who says he is inspired by
Prahalad’s ideas, realised that Sundram
Fasteners’ core competence was in tool
making. “We were very good in designing
tools and manufacturing tools.”
Winds of change
By this time, Krishna was active in the
Confederation of Engineering Industry,
as the Confederation of Indian Industry
(CII) was then called. He was its president
in 1987-88 and used to talk of the need to
be competitive and for companies to ex-
port. It must have been sheer prescience
as the Indian economy and industry were
to go through a major transformation
just three years later. The Narasimha Rao
Government ushered in economic liber-
alisation in 1991, and, says Krishna, “it was
as if you were suddenly free and you were
able to run.”
The automotive industry, as most other
industries in the country, went through a
dramatic change. From just two car
makers, Hindustan Motors and
Premier Automobiles, a host of
new manufacturers, led by
Maruti, came up. The demand for
fasteners, says Krishna, just went
up and “we started adding
plants.”
Quality is one aspect that Sun-
dram Fasteners has always
prided itself on. It was the first
company, points out
Krishna, to go in for
ISO9000 certification.
Along with itcame con-
Z
Y munication, replies Krishna.
Kasjax starts off at C9, Industrial
Estate, Ambattur
Company’s name is changed to
Sundram Fasteners Pvt Ltd in July 1965
Company starts with two machines
and ₹7 lakh capital
Its first customers were English
Electric and MICO
1966-67 marks Sundram Fasteners’
first full year of operation; on a
first-year turnover of ₹4 lakh, it incurs
a loss of ₹1,000
In 1971, Sundram Fasteners shifts to
Padi, expands capacity to 2,400 tonnes
In February 1982, it comes out with a
public issue of 15.55 lakh equity shares
of ₹10 face value at ₹14 per share
The shares now have a face value of ₹1
and closed on Wednesday at ₹398.20
Sundram Fasteners has plants in Padi,
Hosur, Aviyur, Mittamandagapet,
Velappanchavadi, Gummidipoondi,
Mahindra World City, all in Tamil Nadu;
Rudrapur in Uttarakhand; Korkadu in
Puducherry; Bonthapally in Andhra
Pradesh; Zhejiang province in China;
and in Cramlington,
Northumberland, in the UK.
Its 2015-16 turnover was ₹2,641 cr,
PAT ₹211 cr; share capital ₹21.01 cr
Its product range today includes
high-tensile fasteners, cold extruded
parts, hot forged parts, powertrain
components, pumps and assemblies,
radiator caps, and powder metallurgy
cepts such as Total Productivity Manage-
ment and Total Quality Management,
subjects close to Krishna’s heart.
Sundram Fasteners had been supply-
ing fasteners to General Motors, and
based on that relationship, the US auto-
mobile giant asked if the company would
be interested in making radiator
caps. Sundram Fasteners had
no experience of making the
product, but Krishna un-
hesitatingly agreed to buy
out GM’s plant if the car
maker taught it how to
make the caps. Sun-
dram Fasteners got
some of its staf
trained, paid ₹3 crore to
buy the plant, shipped it
to India and
started making radiator caps for GM.
Now, it makes them for others too.
A world of opportunities
Sundram Fasteners started exports in
1977, to Daimler Benz, but that ended after
the German luxury car maker buckled un-
der commercial pressure from the main
supplier. The company took the setback
in its stride. Today, exports account for
nearly ₹1,000 crore or about 40 per cent
of sales.
If the first 25 years of Sundram Fasten-
ers’s journey were marked by licensing
and government controls, the next 25
years saw it expand and grow, thanks to
the lifting of controls. “It was as if the mist
had lifted, and the chains had been re-
moved,” he says.
The company expanded its product
range, set up new plants, bought out
Autolec, which was into fuel pumps, set
up a plant in China — among the earliest
Indian companies to do so — and bought
out a company in the UK. One of the defin-
ing features of the company’s growth is
its resolve to not enter into joint ventures.
“It is easier for me to sit at my desk and
take a decision rather than ask a foreigner
who doesn’t understand the conditions
in India to guide us,” explains Krishna, of
the company’s philosophy. Here again, he
quotes Prahalad, who used to derisively
speak of joint ventures as “two partners,
one foreign and the other Indian, in the
same bed but with diferent dreams.”
Krishna believes in steady, organic
growth, not in diversifying on a whim or
because you have secured a licence to
make another product. He reckons that
the Indian automobile market, of about
three million cars and vans and 16 million
two-wheelers now, can absorb 10-12 mil-
lion cars and 50-60 million motorcycles.
“To me, the automotive industry is a sun-
rise industry and we are well-placed on a
growth trajectory. Everybody knows us,
we know everybody. Our products are
well-accepted by everybody. As they grow,
we will grow. Sundram Fasteners’ future is
completely assured because of the kind of
growth we see,” says Krishna.
Krishna also believes that Sundram
Fasteners is not about its products, it is
about its people. From eight employees in
China and the United Kingdom. His
biggest achievement: in the past 50 years,
the company has not had a single hour of
work stoppage because of labour issues.
How did he manage that? Purely by com-
Right from the early years, he made it a
point to address workers regularly. He
does so even now, though not as fre-
quently. This was something he picked up
from his father TS Krishna. The TVS group
ran a city bus service in Madurai, and TS
Krishna would address workers around
midnight when all of them returned to
the depot with their buses. His father,
Krishna recalls, would talk to the workers
about the problems, the complaints he
had received, and the issues that needed
to be addressed.
“In 1966, when I started in Ambattur In-
dustrial Estate, I started communicating
with the workers,” he says.
He did the same at the other plants,
even in China, talking about the com-
pany, the balance sheet, the customers,
the trends in foreign automotive com-
panies and developments around the
world. “One good thing about commu-
nicating is that over a period of time, they
realise you are telling the truth. The
biggest advantage of telling the truth is
that you don’t have to remember what
you said the last time. And truth creates
trust,” says Krishna.
Finding his dharma
A Carnatic music aficionado (his mother
Ambujam Krishna was a composer) and a
photography buf — he used to go out and
shoot pictures with his Nikon digital SLR
camera till recently — Krishna says he
used to wonder what his dharma was in
running the company.
“Over time, I realised that making a
good product, satisfying customers, in-
creasing productivity, satisfying share-
holders... these are only the ‘tooling’. The
final product is raising the standard of liv-
ing of workers,” he says. He recalls the nu-
merous instances when retiring employ-
ees, who had served long years in the
company, would tell him how they and
their families had benefited from the
company. Nothing gives him greater sat-
isfaction than this.
His two daughters, Arathi and Ar-
undathi, are in the company, with Arathi,
Joint Managing Director, looking after do-
mestic operations, and Arundathi,
Deputy Managing Director, taking care of
the international business.
Does this student of comparative liter-
ature have any regrets about the way his
life changed on his return to India in the
1960s? “No. Manufacturing has now be-
come part of my life. I have done it for 50
years now. A lot of people think I am an en-
gineer,” says Krishna.

Ashok Leyland to skip Natco launches

generic cancer
sub-1 tonne segment drug in India
OUR BUREAU
Hyderabad, May 10

Will roll out new
products in higher
payload categories
G BALACHANDAR
Chennai, May 10
Hinduja flagship Ashok Ley-
land is unlikely to focus on
the sub-1 tonne segment due
to unfavourable growth
potential.
Even as it seeks to double
its market share in the LCV
segment from 15 per cent to
about 30 per cent over the
next 3-4 years through ‘one
new product per quarter’
plan, Ashok Leyland has de-
cided to skip the sub-1 tonne
mini-truck segment and will
roll out new products /vari-
ants between 2 tonnes and
7.5 tonnes.
Volumes in the sub-1 tonne
segment, where Tata Ace is a
dominant player, have been
shrinking over the past few
years.
“The sub-1 tonne market
has shrunk around 50 per
cent in the last three years,”
Nitin Seth, President, LCV
and Defence, Ashok Leyland,
told BusinessLine.
The sub-1 tonne segment
has been facing challenges
after new product launches
in the above 1 tonne payload
Nitin Seth, President, LCV and
Defence, Ashok Leyland
segments. In 2012-13, total
volumes in the sub-1 tonne
segment were about 2.47
lakh units with Tata Ace ac-
counting for about 83 per
cent of the sales.
Total sales of pick-up seg-
ment (above-1 tonne pay-
load) were about 1.93 lakh
units.
In 2016-17, sales of sub-1
tonne vehicles were about
1.17 lakh units, while pick-up
volumes stood at about 2.08
lakh units.
Seth felt that the major
reason for the shift towards
higher payload vehicles was
due to growing shortage of
drivers. Entry of cab aggreg-
ators such as Ola and Uber
has created challenges as
more people prefer to drive
an air-conditioned car than a
small truck.
“Since drivers are becom-
ing scarce, operators want
the same drivers to carry
more load, and hence, there
is a shift towards higher ton-
nage small trucks,” he said.
The company has been ser-
ious about providing com-
fort features in cabins of its
small trucks. “We have been
selling AC version of Dost for
long and AC versions ac-
count for a fifth of its total
volumes,” he said.
Ashok Leyland seeks to
build on the success of its
Dost and has just come out
with Dost Plus, which is heav-
ier by 250 kg and is meant
for people looking for
slightly higher payload
vehicles in the pick-up
segment.
“Customer satisfaction on
our product is very high even
though our Dost is priced at
a premium. Our priority now
is to complete product port-
folio on a war-footing. Mar-
ket is definitely there. But
the challenge is to get the
products quickly into the
market,” said Seth.
Natco Pharma has launched
generic version of
pomalidomide capsules for
treatment of blood cancer in
the domestic market.
Pomalidomide is sold by
Celgene Inc in the US under
the brand Pomalyst. The Hy-
derabad-based Natco markets
its generic pomalidomide
capsules under the brand
name Polalid, the company
said in a release.
Pomalidomide is a
thalidomide analogue indic-
ated, in combination with
dexamethasone, for patients
with multiple myeloma who
have received at least two
prior therapies, including len-
alidomide and a proteasome
inhibitor, and have demon-
strated disease progression
on or within 60 days of com-
pletion of the last therapy.
Natco has priced Pomalid 1
mg, 2 mg, and 4 mg capsules
at ₹5,000, ₹10,000 and
₹20,000 respectively, for a
monthly pack of 21 capsules.
“We believe, this is approx-
imately 98 per cent discoun-
ted price from what it is sold
in the US to patients, as per
secondary market data,” the
company added.
The company’s scrip re-
mained flat on the BSE at ₹896
on Wednesday.

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6 NEWS BusinessLine
THURSDAY • MAY 11 • 2017

QUICKLY
RBI initiates corrective action Major reshuffle of Secretaries
across key Ministries
plan for IDBI Bank; who’s next? OUR BUREAU
New Delhi, May 10

In a major bureaucratic re- Singh.

shule across key Ministries
retary in the Prime Minister’s
Oice headed by Manmohan

Rajive Kumar (UP: 1981), Sec-

New note Fritz Zurbrugg, Vice-President of the
Swiss National Bank (left), and Thomas Wiedmer,
member of the governing board, present the
new 20 Swiss franc banknote in Bern. Based on a
theme of light and culture, the new note, made
of cotton paper and an inner polymer core, will
come into circulation on May 17 BLOOMBERG
Bank credit growth plunges to 4.3%
Mumbai, May 10
The new fiscal year began on a sour note for
bank credit growth, which slipped to 4.32 per
cent in the fortnight to April 28, much lower
than the 63-year low of 5.08 per cent in fiscal
2016-17, the latest Reserve Bank of India data
showed. In the reporting fortnight, credit grew
at an anaemic 4.32 per cent to ₹75.45 lakh crore.
For the fiscal ending March 2017, credit growth
had plunged to a multi-decadal low of 5.08 per
cent. The lowest recorded credit growth was in
fiscal 1953-54, when it grew at a measly 1.7 per
cent. Low credit growth is due to high bad debt
and weak corporate demand, and also due to
increasing use of debt from corporate bond
markets, where rate of interest is much cheaper
than what banks are offering. PTI
IOB cuts MCLR rate by 10 bps
Chennai, May 10
Indian Overseas Bank has cut its marginal cost
of fund-based lending rate (MCLR) by 10 basis
points from May 10 across all tenors. The new
MCLR will be 8.55 per cent for one year. For
overnight tenor, the MCLR will be 8.35 per cent.
One-month tenor will attract 8.40 per cent
while those for three and six months will be
8.45 per cent and 8.50 per cent, respectively,
according to a statement. OUR BUREAU
Similar action may soon be imposed on IOB,
Dena, United Bank, UCO & OBC, among others
ANALYSIS
RADHIKA MERWIN
BL Research Bureau
High net non-performing assets
(NNPA) and negative return on
assets (ROA) have led the Re-
serve Bank of India to invoke
Prompt Corrective Action (PCA)
on IDBI Bank.
Based on the recently
tightened PCA framework for
banks, the mandatory action
plan for IDBI Bank could include
restrictions on dividend distri-
bution and branch expansion,
and higher provisions.
Going by the results for the
nine months ended December
2016 (and FY17 wherever avail-
able), the RBI could soon impose
similar corrective action plans
on other lenders such as IOB,
Dena Bank, United Bank, UCO,
Oriental Bank of Commerce and
Bank of Maharashtra.
What changed?
The PCA framework has three
risk threshold levels; and breach
of capital, asset quality and prof-
itability levels would lead to
banks being bucketed in one of
the three threshold levels.
Depending on the levels,
there will be restrictions on di-
vidend distribution, branch ex-
pansion, and management com-
pensation.
Breach of the third level of
threshold of min-
imum core equity (CET)
would identify a bank as a likely
candidate for resolution
through tools such as amalgam-
ation, reconstruction, and wind-
ing up.
The recent revision in the PCA
framework had set the bar
higher, by increasing the re-
quirement of total capital ad-
equacy levels and additionally
introducing the minimum core
equity criteria.
Banks with total capital ad-
equacy (CRAR) of less than 10.25
per cent but more than 7.75 per
cent will fall under threshold 1.
Those with CRAR of more than
X
W than 9 per cent fall under
Breach of threshold level 3
on minimum core equity
would identify a bank as a
likely candidate for
resolution through tools
such as amalgamation,
reconstruction, and
winding up
cent but
6.25 per less than
7.75 per cent will fall in the
second threshold. In case a
bank’s CET falls below 3.625 per
cent it gets bucketed under the
third threshold level.
Also, in a bid to ensure that
banks maintain higher provi-
sion coverage, the revised
guidelines have lowered the net
NPA levels to be maintained to
avoid PCA.
From 10 per cent earlier,
banks need to have net NPA of
lower than 6 per cent to avoid
PCA. Banks that have a net NPA
of 6 per cent or more but less
threshold 1, and those over 9 per
cent but less than 12 per cent fall
under the second level. Banks
with net NPA of 12 per cent or
more fall under the third
threshold level.
On the profitability front,
banks with negative ROA for
two, three and four consecutive
years fall under threshold 1,
threshold 2 and threshold 3,
respectively.
Based on the data available
until December 2016, two
banks — Dhanlaxmi (9.24 per
cent) and Central Bank of India
(9.99 per cent) — fall under the
threshold 1 level based on the
minimum CRAR criteria.
Eight banks — Corporation
Bank, Canara Bank, Allahabad
Bank, Central Bank of India,
Punjab & Sind Bank, Union
Bank, Andhra Bank
and Bank of
India — fall
under
threshold 1
on account
of high net NPA.
Seven others — Bank of Ma-
harashtra, United Bank, Oriental
Bank of Commerce, IDBI Bank,
Dena Bank, PNB and UCO Bank —
fall under threshold 2 as their
net NPAs are 9 per cent or more.
Only one bank, IOB, falls under
threshold 3, with net NPA of
more than 12 per cent as of
December 2016.
On the profitability front
again, if data for the nine
months ended December 2016 is
considered, then IOB falls under
threshold 2 for reporting negat-
ive ROAs for three consecutive
years.
IDBI Bank falls under
threshold 1 for recording negat-
ive ROAs for two years in a row.
UCO, Dena Bank, Bank of India,
Central Bank and Allahabad
Bank are others that fall in this
bucket.
on Wednesday, the Appoint- retary, Ministry of Shipping,
ments Committee of Cabinet has been given additional
has given additional charge charge as Secretary, Ministry of
of the Telecom Ministry to IT Road Transport & Highways,
Secretary Aruna Sundarara- “until further orders or till ap-
jan, while Sanjay Mitra, Sec- pointment of a regular incum-
retary, Road Transport Min- bent, whichever is earlier”, the
istry, will take over as ACC said.
Secretary in the Defence Rashmi Verma, (Bihar: 1982),
Ministry. Secretary, Ministry of Textiles,
Sundararajan (Kerala: has been made Secretary, Min-
1982) will replace PK Pujari, istry of Tourism, while Jagdish
who was till now function- Prasad Meena (Assam:1983),
ing in the DoT, Special Sec-
in addition to X retary, Min-
W
his post as istry of Food
Additional charge of the
Power Secretary. Telecom Ministry given to Processing
She comes in at IT Secretary Aruna Industries,
a time when the Sundararajan, while has been ap-
industry is go- Sanjay Mitra, Secretary, pointed Sec-
ing through a Road Transport Ministry, retary, De-
tarif war partment of
will take over as
between Reli- Secretary in the Consumer
ance Jio and Afairs.
Defence Ministry
other incum- Anant Ku-
bent players, mar Singh,
such as Bharti Airtel and (UP: 1984), Additional Secret-
Vodafone India. ary & Financial Adviser, Min-
The Department of Tele- istry of Petroleum & Natural
com (DoT) has been seeing Gas, is now Secretary, Ministry
frequent changes in the top of Textiles, while Brij Raj
bureaucracy after JS Deepak Sharma, (JK: 1984), has been ap-
was suddenly sent as India’s pointed Additional Secretary,
representative at the World Ministry of Home Afairs.
Trade Organisation on March Rakesh Srivastava, (Ra-
1. jasthan: 1981), Member Secret-
Meanwhile, Mitra, (West ary, National Commission for
Bengal: 1982) will take over as Backward Classes has been ap-
Secretary, Ministry of De- pointed Secretary, Ministry of
fence on completion of ten- Women & Child Development,
ure of the present incum- in the vacancy caused due to
bent G Mohan Kumar on May appointment of the present in-
24. He has earlier had a cumbent Leena Nair, as Secret-
seven-year stint as a Joint Sec- ary, Ministry of Tribal Afairs.

An umbrella body needed to boost food sector: Badal
Working towards developing a grid for
seamless movement of products, says
Food Processing Minister
MEENAKSHI VERMA AMBWANI
RICHA MISHRA
New Delhi, May 10
With the food sector being
governed by multiple minis-
tries — agriculture, food pro-
cessing, and consumer afairs
— a situation of ‘too many
cooks spoil the broth’ seems
to be emerging.
Acknowledging that policy
regulations governing the
sector are scattered between
various ministries, Food Pro-
cessing Minister Harsimrat
Kaur Badal, said: “There is a
need for an overarching body
such as NITI Aayog or some-
thing like the National High-
ways Authority of India,
which can develop a roadmap
and a long-term plan for
growth of the sector. Create
an authority which will help
synergise the schemes of all
the ministries.”
Talking to BusinessLine, she
said: “We need to holistically
look at various issues such as
growing more variety of
crops that can be processed,
compressing our supply
chains, reducing wastage, de-
velop infrastructure to in-
crease processing of farm pro-
duce and this is where a body
like the National Food Grid
Development Authority will
help.”
Her Ministry is proposing
to introduce a Bill for creating
a National Food Grid Develop-
ment Authority that will be
tasked with developing a
long-term strategy to bolster
the growth of the food pro-
cessing sector, increase farm
income, establish backward
and forward linkages, minim-
ise agri-wastage and expand
and upscale food processing
in the country.
Elaborating on the concept,
she said, “We are working to-
wards developing a food grid
for seamless movement of
food products, from produc-
tion to consumption, to min-
imise wastage.”
A step towards this is the
SAMPADA scheme, which re-
cently got the Cabinet nod.
SAMPADA (Scheme for Agro-
Marine Processing and Devel-
opment of Agro-Processing
Clusters) is an umbrella
scheme which will incorpor-
ate ongoing schemes such as
the mega food parks and in-
tegrated cold chain besides
the news schemes which will
focus on infrastructure for
agro-processing clusters and
creation of backward and for-
Food Processing Minister Harsimrat Kaur Badal
ward linkages, among others.
“Under SAMPADA, we will
use technology to map vari-
ous fruit and vegetable
clusters and then look at their
requirements for infrastruc-
ture and storage. We will fo-
cus on developing infrastruc-
ture that helps link the
farmgate to the retail outlets,”
Badal added. The Ministry has
also released the draft Food
Processing Policy, which has
been put in the public do-
main to seek views from
stakeholders..
On FDI in food retail, Badal
said international retailers
have shown a lot of interest.
This is despite restrictions in
the policy with retailers not
being allowed to sell non-food
items.
She said there is “already a
40 per cent increase in invest-
ments compared to last year.
The Ministry has recommen-
ded tweaks in food retail to al-
low some percentage of non-
food items to be sold in addi-
tion to food items made and
processed in India.
“Once these decisions are fi-
nalised, I believe we will see a
quantum rise in investments
from international compan-
ies. It will have a positive im-
pact on the incomes of
farmers.”
Badal added, “Besides man-
ufacturing in India to cater to
the domestic market, interna-
tional companies are also
very keen on sourcing from
India and making India an ex-
port hub.”
LIC Housing Finance
cuts rates to match SBI
Under ‘Griha Siddhi’,
women borrowers
can get loans of up
to ₹25 lakh at 8.35%
OUR BUREAU
Mumbai, May 10
LIC Housing Finance has
come up with a new home
loan product ‘Griha Siddhi’ to
match State Bank of India’s re-
cent move to cut interest rate
on homes loans in the aford-
able housing segment by up
to 25 basis points.
Under Griha Siddhi, LICHFL
has created a special segment
for women borrowers for
loans up to ₹25 lakh at an in-
terest rate of 8.35 per cent per
annum. For other borrowers,
the interest rate will be 8.40
per cent.
For home loans up to ₹1
crore, the interest rate will be
8.50 per cent.
LICHFL, in a statement, said
house or flat and repairs/
renovation to existing proper-
ties.
Loans will be ofered for a
maximum tenure of 30 years
or retirement age in case of
salaried employees, while for
other borrowers the max-
imum term is up to 25 years.
Hitherto, under its aford-
able housing loan product,
LICHFL was charging women
8.50 per cent interest and oth-
ers 8.55 per cent for home
loans in the ₹10-15 lakh
bracket. On loans above ₹15
lakh and up to ₹20 lakh, the
interest rates were 8.55 per
cent and 8.60 per cent for wo-
men and other borrowers, re-
spectively. On home loans
above ₹20 lakh and up to ₹50
lakh, the housing finance
company’s interest rates were
8.65 per cent and 8.70 per
cent, respectively.
As part of its thrust on the
afordable housing segment,
State Bank of India recently re-

New e-way bill: Transporters sore with Capital First consolidated net
up 49% in fourth quarter
under Griha Siddhi, custom-
ised home loan will be ofered
for construction/purchase of
duced interest rate on home
loans up to ₹30 lakh to 8.35
per cent from 8.60 per cent.

more documentation that will cut speed OUR BUREAU

Also rue new rules
that give tax officials
more powers to
detain vehicles
PRATIM RANJAN BOSE
Kolkata, May 10
Next week when the Goods
and Services Tax (GST) coun-
cil meets, transport operat-
ors might expect it to take a
re-look at the draft elec-
tronic-way (e-way) bill rules.
The draft regulation states
that for consignments worth
over ₹50,000 in value, rais-
ing an e-way bill (with
vehicle particulars) is man-
datory before commence-
ment of movement, inter- or
intra-State.
Transferring goods from
one vehicle (conveyance) to
another — during the course
of transit — would require
raising a new bill from the
online platform.
Objections raised
According to transporters,
who spoke on conditions on
anonymity, shipments move
in a hub-and-spoke model,
changing conveyance (at
times even the mode of
transport) between origin
and destination.
For example, a truck ori-
ginating in Delhi may carry
30 consignments to Mumbai,
from where each such con-
signment will be bundled in
diferent vehicles heading
for 30 diferent destinations
in Maharashtra. The choice
of vehicle at the transit
points is not pre-decided.
So far it was only the phys-
ical document that used to
change hands. Now the
transporters have to raise
the e-way bills at every such
interchange points. Trans-
porters say this will reduce
the speed of movement of
goods.
The primary objection to
the draft regulation is: It is
against the stated goal of GST
to reduce documentation
and inspection. While docu-
mentation will increase due
to e-way bill, the regulations
grant enormous powers to
the tax oicials to detain the
vehicle in case of any
discrepancy.
However, such physical
verifications can be done
once in a State. The inspector
is bound to file a complete
report within 72 hours. And,
the transporter can report
incidents of detention over
30 minutes on the online
portal.
Counterpoints
SP Singh, Chairman of the
Delhi-NCR Indirect Tax Com-
mittee of the Confederation
of All India Traders (CAIT),
admits to some loopholes in
the draft regulation.
For example, in case of dis-
crepancy with regard to any
It is estimated that around 50 per cent of the cargo that is
transported by road is under-reported AFP
particular consignment, the
tax oicials may take custody
of the material but must not
detain the vehicle.
“A truck carries a number
of consignments and at the
instruction of the trans-
porter. Detaining the truck
for discrepancy in one con-
signment costs all con-
sumers and the trucking in-
dustry,” he said.
Singh, however, describes
such loopholes as “minor ir-
ritants” — arising during roll-
out of a path-breaking and
long-awaited reform initiat-
ive — which need to be
ironed out.
He said that though the e-
way bill was contradictory to
the spirit of GST, States were
keen on such checks in view
of prevailing rampant tax
evasion by suppliers in collu-
sion with a section of trans-
port intermediaries.
“Forty to 50 per cent of the
cargo that presently moves
(by road) are under-reported.
Goods are transported in the
name of someone but de-
livered to someone else and
even in a diferent State,” he
said, before adding, “Trans-
porters are nervous that GST
will impact their business
model.”
Singh proposed a gradual
phase out of the e-way bill re-
quirement once the GST
mechanism is duly imple-
mented and tax avoidance is
brought down to minimal.
He thinks e-way bills may
be exempted for intra-city
movement of goods as it is
diicult to implement.
Mumbai, May 10
per equity share of ₹10 each (26
per cent) for FY17.
Non-banking finance company In FY17, the NBFC, which
Capital First reported a 49 per provides debt financing to mi-
cent jump in consolidated net cro, small and medium enter-
profit on the back of a robust prises and consumers, repor-
jump in fee and other income ted a 44 per cent increase in
and net interest income. consolidated net profit at ₹239
The net profit in the fourth crore (₹166 crore in FY16)
quarter ended March 31, 2017, In the reporting quarter, net
stood at ₹71 crore as against interest income (the diference
₹47.5 crore in the year-ago between interest earned and
period. interest expended) was up 47
The profitability comes des- per cent at ₹374.5 crore (₹255
pite a 64 per cent jump in provi- crore in the year-ago period).
sions at ₹126 crore (₹77 crore). Fee and other income soared
The company’s board recom- 100 per cent to ₹102 crore (₹51
mended a dividend of ₹2.60 crore).
Exide Life posts
₹112-crore profit
OUR BUREAU
Bengaluru, May 10
Exide Life Insurance recor-
ded a 27 per cent growth in
profit (PBT) to ₹112 crore for
the financial year 2016-17.
Announcing the com-
pany’s financial results,
Kshitij Jain, Managing Dir-
ector and CEO, Exide Life In-
surance, said, “Our well diver-
sified distribution network
coupled with protection, sav-
ings and investment plans,
helped deliver this growth.”
Jain said new business
premium stood at ₹863
crore, a 36 per cent growth
over last year.
Total premium income
rose 18 per cent to ₹2,409
crore.

CM . ...... . . ...CH-X
YK
 CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 IT & TELECOM 7

QUICKLY
8K Miles’ March net profit up 145%
Mumbai, May 10
Cloud-computing firm 8K Miles Software on
Wednesday reported 145 per cent jump in
March-quarter net profit to ₹40.18 crore on
higher revenues. For the full year, it posted 163
per cent jump in net profit to ₹104.14 crore.
During the reporting quarter, its overall
revenue nearly doubled to ₹166.66 crore from
₹86.35 crore in the year-ago period. PTI
Lucideus raises angel investment
New Delhi, May 10
Delhi-based IT risk-assessments and cyber-
security platforms provider Lucideus has raised
an undisclosed amount in an angel round of
investment from Google India MD Rajan
Anandan, Adobe MD Kulmeet Bawa and other
industry stalwarts. Lucideus, which takes care
of the Bharat Interface for Money’s security, will
use the funds to enhance research and
development on cyber security. IANS
Apple acquires sleep-tracking app
San Francisco, May 10
US tech giant Apple has acquired an app and
sleep-monitoring device called Beddit under
undisclosed terms, media reports said. Beddit
is a thin and flexible sendor designed to
monitor daily sleep habits through iPhone.
Beddit has retained a customer support
contact on its website, suggesting the
customer experience will not change, CNBC
reported on Tuesday. IANS
Deep learning to recommend tweets
San Francisco, May 10
Making a transition from algorithmic timeline,
micro-blogging site Twitter has started using
deep learning, a type of artificial intelligence,
to recommend certain tweets on the timelines
of its 328 million monthly active users. Twitter
had introduced algorithmic timeline last year
that ranked tweets based on relevance instead
of reverse chronological order. IANS
Facebook claims faster translation
New York, May 10
Facebook says its researchers have found a
new way to use artificial intelligence to
translate material faster and more accurately.
This could mean users can eventually see
everything translated immediately into their
preferred language of posts and videos.
Facebook uses convolutional neural network
already used for image processing . AP
Amazon US cuts ‘free shipping’ cap
May 10
Amazon.com said on Tuesday it cut the
threshold for free shipping to $25 from $35,
upping the ante against Wal-Mart Stores in a
fierce battle for e-commerce supremacy in the
US. Amazon already offers free two-day
shipping under its $99 Prime membership , but
the new offer aims to encourage more
customers to shop on its platform. REUTERS
Online gaming to hit $1 b by 2021
Mumbai, May 10
Though nascent, the online gaming industry in
India is expected to grow to $1 billion by 2021
from the current $360 million, with the gamers
community reaching 310 million by 2021, a
Google-KPMG report said on Wednesday. There
has been a 117 per cent spike in searches for
online games by Indians, said the report
‘Online Gaming in India: 2021’. IANS
With $95 b in, SoftBank ready to close tech fund
Saudi Arabia, Apple
and Qualcomm are
among backers of
Vision Fund
BLOOMBERG
May 10
SoftBank Group Corpis close to an-
nouncing commitments of as
much as $95 billion for its techno-
logy fund, people familiar with the
matter said.
The fund-raising close will be
announced as soon as next week,
said the people, asking not to be
identified as the information is
private. A representative for Tokyo-
based SoftBank declined to
comment.
Chief Executive Oicer Masay-
oshi Son’s investment pool has at-
tracted interest from Saudi Ara-
bia’s sovereign wealth fund, which
said it would consider putting in
as much as $45 billion, as well as
technology giants such as Apple
and Qualcomm, which have also
said they’ll participate. Abu Dh-
abi’s Mubadala Development Cois
also considering committing as
much as $15 billion, people famil-
iar with the matter said previously.
“It’s very close,” Son said at a
briefing in Tokyo on Wednesday as
the company reported earnings.
“The details have been pretty
much decided on. It’s just a matter
of time.”
Taranjeet Singh elevated as
Twitter Country Director
PRESS TRUST OF INDIA
New Delhi, May 10
Micro-blogging platform Twit-
ter on Wednesday said it has el-
evated Taranjeet Singh as its
Country Director for India.
Singh was leading the charge
for sales and marketing sup-
port for Twitter’s advertisers in
India.
In his new role, Singh will
lead the Twitter India team by
driving an integrated business
strategy and spearheading
cross-functional collaboration,
Twitter India said in a
statement.
He will also focus on acceler-
ating Twitter’s audience and
revenue growth in the “key
growth market.” it added.
India is among the world’s
fastest-growing social-media
markets. It is already among
the largest markets for com-
panies such as Facebook, What-
sApp and Google.
While Twitter does not give
country-specific user numbers,
it counts India among its top
five markets globally.
Twitter had recently
launched a lighter version of its
Masayoshi Son, Chairman and Chief Executive Officer of SoftBank Group Corp, during a news conference at the
Tokyo Stock Exchange, on Wednesday BLOOMBERG
SoftBank plans to contribute at
least $25 billion of its own capital
in the next five years, as well. The
Japanese company announced
plans for the Vision Fund last year,
aiming to create a vehicle that
would become one of the biggest
technology investors over the next
decade. SoftBank has agreed to
spend more than $30 billion on
technology companies itself in
the past 12 months, according to
data compiled by Bloomberg.
It’s largest deal was the acquisi-
tion of Cambridge-based chip de-
Taranjeet Singh, Country Director,
Twitter India
platform — Twitter Lite — for
users in India, ahead of other
markets such as Indonesia and
Philippines.
“Investing in our Indian man-
agement team now is a strong
vote of confidence that we be-
lieve in the strategic import-
ance of India and that our local
business growth strategy is suc-
cessful,” said Maya Hari, Man-
aging Director - Asia Pacific,
Twitter.
Before joining Twitter, Singh
was Sales Director, South Asia,
for BBC Advertising. Prior to
BBC, he held various positions
at Outlook Publishing.
X
W Chuxing. SoftBank made the in-
Son aims to make the fund
one of the largest
technology investors
signer ARM Holdings last year.
SoftBank shares rose 1.4 per cent in
Tokyo trading and have climbed 12
per cent this year.
In the earnings announcement,
SoftBank also disclosed that it con-
tributed $5 billion to last month’s
record $5.5-billion fund-raising by
Chinese ride-hailing giant Didi
Blaze Automation homes in on smart
dwellings with Internet of Things
OUR BUREAU
Hyderabad, May 10
Blaze Automation, a technology
company focussed on Internet of
Things, is set to introduce B.One
Hub — a smart home-automa-
tion product powered by a
Cloud-based platform — in the
Indian market.
The product, developed by In-
dian techies and showcased at
the Consumer Electronics Show
2017, is manufactured at Shen-
zhen, China, and sold in Japan,
Australia, New Zealand, the US
and Canada, will make its India
debut in August.
Arjun Valluri, Chairman, Blaze
Automation, said: “Smart homes
are the fundamental compon-
ents of smart cities, and Blaze
Automation will aid the coun-
try’s mission to build smart cit-
ies. Our product has the poten-
tial to become a widely used
home automation and security
solution.”
One may have to spend
₹15,000-20,000 to automate a
two-bedroom apartment by con-
necting various devices. Such
vestment through a subsidiary
into Xiaoju Kuaizhi, the formal
name for Didi. In the previous
month, it invested $150 million in
entities connected to investment
bank Raine Group, including its
parent, according to a filing with
the UK’s Companies House. Other
investments include $300 million
in WeWork, $63.5 million in SB En-
ergy Holdings Ltd and $75 million
for Zymergen, a bio-technology
company based in California, ac-
cording to the filing.
X
W
B.OneHub is an automation
hub and enables home
owners to efficiently
control and automate
security, ambience,
entertainment, and heating
and cooling systems
pricing makes the product af-
fordable and easy to install, com-
pared with what is being cur-
rently ofered, he said.
B.OneHub is an automation
hub and enables home owners
to eiciently control and auto-
mate security, ambience, enter-
tainment, and heating and cool-
ing systems. Certified by the US
Federal Communications Com-
mission, Blaze has received
seven patents for its products.
The smart market
Sridhar Ponugupati, CEO of
Blaze Automation, said: “The In-
dian smart-home market is
worth ₹8,800 crore, and B.One
fits well into the market with its
afordability and versatility. We
Logs second-best annual profit
REUTERS
Tokyo, May 10
Japan’s SoftBank Group Corp
said it had notched up its
second-best annual profit on
cost cuts and a rise in sub-
scribers at Sprint Corp, adding
that it was eager to discuss po-
tential M&A for the loss-making
US wireless unit.
‘Tech Berkshire Hathaway’
Chief Executive Masayoshi Son
also said the internet and tele-
coms giant was close to launch-
ing a planned $100-billion Vis-
ion fund that aims to make it
the “Berkshire Hathaway of the
tech industry” as telecoms ser-
vices markets mature.
SoftBank’s operating profit
for the year to end-March
climbed 13 per cent to 1.03 tril-
lion yen ($9 billion) on flat rev-
enue growth. That was below
an average analyst estimate of
1.15 trillion yen from 20 ana-
lysts. SoftBank’s numerous
business, including its own do-
mestic telecoms unit, recently
acquired UK chipmaker Arm as
well as a vast array of invest-
ments in companies like Chi-
na’s Alibaba, make estimating
its earnings diicult. For the
B.One Hub and associated smart sensors will be available in India from
August through integrators, dealers and distributors SHUTTERSTOCK.COM
are currently executing orders
worth over ₹260 crore in the in-
ternational market.” So far, more
than $3.5 million has been inves-
ted on developing these
products, he said.
B.One Hub and associated
smart sensors will be available in
India from August through vari-
ous integrators, dealers and dis-
fourth quarter, operating profit
dropped 7.2 per cent on unfa-
vourable exchange rates.
SoftBank expects to invest at
least $25 billion over the next
five years in its tech fund,
which will be one of the world’s
largest private-equity investors.
Son said that talks had already
begun with about 30 compan-
ies on potential investments.
“I want to think big,” he said.
“The fund is designed to tap the
coming gold rush era” when
every industry is redefined by
artificial intelligence, he added.
Asked about a possibility of
investing in Toshiba Corp’s
flash-memory chip unit, Son
said SoftBank will not be a main
player but flagged that
Taiwan’s Foxconn may be con-
sidering a bid with Apple.
He added that he had been
consulted by Foxconn founder
Terry Gou on the matter, but de-
clined to elaborate further.
Foxconn, formally known as
Hon Hai Precision Industry Co,
is trying to woo Apple and
other clients for a joint bid,
sources have said. Gou and Son,
both among Asia’s richest men,
have done business together
for years.
tributors. The company is also
seeking to ofer the product
through some of the major of-
line online retailers in the coun-
try.
The product’s price range is ex-
pected to start from ₹15,000 and
go up depending on the size of
the building and number of
devices to be connected.

ICA: Poor infra, not handset Oracle to expand Cloud services with dedicated data centre RComm arm
quality, causes call drops signs pact with
Will review proposals to provide Swiss data
PRESS TRUST OF INDIA
New Delhi, May 10 customers with the capability to build and
Dismissing cellular operators’
Validates Cloud Platform centre firm
move workloads to an India-based Cloud
charges that device quality is re-
sponsible for call drops, mobile
for India Stack APIs
INDO-ASIAN NEWS SERVICE business partners to provide
OUR BUREAU
Mumbai, May 10
handset-makers have asserted New Delhi, May 10 customers with the capability INDO-ASIAN NEWS SERVICE plications that invoke core Global Cloud Xchange (GCX), a
that phones sold in India “dili- Global tech major Oracle on to build and move workloads New Delhi, May 10 India Stack APIs, including Reliance Communications
gently” follow all the pre- Wednesday announced it will to an India-based Cloud. Aligning with the govern- Aadhaar Authentication subsidiary, has signed a master
scribed norms. expand its Cloud services in In- “With this expansion, we ment’s Digital India initiat- and Online Electronic Signa- service agreement (MSA) with
Terming call drops as a “very “We would like to reiterate dia over the next 6-9 months will be able to further support ive, tech major Oracle on ture Service (eSign). Switzerland-based data-centre
serious issue”, the Indian Cellu- that the mobile handset in- with plans for a dedicated data customer choice, adding to Wednesday validated Oracle “With the validation of In- co-location provider Safe Host.
lar Association (ICA) said inad- dustry is already over-regu- centre in the country. capabilities already available Thomas Kurian, President, Cloud Platform to develop dia Stack with Oracle Cloud, Under the agreement, the In-
equate infrastructure, and not lated and should not be subject The Cloud services will ofer through deployments of Or- Product Development, Oracle applications using India we are further empowering dian company will provide a
device quality, is responsible for to any more regulations...,” the security and performance at a acle Cloud at Customer, as well Stack services. India’s robust developer host of services, including co-
the problem. ICA said. “If the mobile operat- significant price advantage as other Oracle Cloud data- to Cloud as it will allow them India Stack is a set of Ap- and partner community to location facilities and Cloud
The Cellular Operators Asso- ors get their infrastructure...in over both existing on-premises centre regions in Asia-Pacific,” to benefit from economy, de- plication Programming In- deliver applications that ecosystem, to Safe Host.
ciation of India (COAI) had re- order, and come up to speed on infrastructure and competit- Kurian added. ploy resources faster and at terfaces (APIs) that allows meet stringent regulatory Following the partnership,
cently demanded that the gov- subscriber aspirations, very few ive Cloud oferings. The tech major on Tuesday low cost, and deploy previous governments, businesses, requirements and protect enterprises in Switzerland will
ernment chalk out a problems will arise,” it added. “Our customers and part- announced the availability of resources back in business. start-ups and developers to the interests of India’s users have access to many telecom-
mechanism to control the qual- The war of words between ners in India have trusted their its Enterprise Resource Plan- Earlier this year, Oracle had utilise an unique digital in- and organisations,” Amit Za- munication hubs across the
ity of mobile handsets in India, the associations erupted after businesses and mission-crit- ning (ERP) Cloud in India that expanded its Startup Cloud Ac- frastructure to solve the very, Senior Vice-President, globe, from developed mar-
as the role of devices in service COAI drew the Telecom Depart- ical workloads to the Oracle will boost the transformation celerator programme to New country’s hard problems to- Cloud Platform and Middle- kets in the US and Europe to
quality and call drops has not ment’s attention to the purpor- Cloud for years,” Thomas Kur- of digital economy and pre- Delhi and Mumbai to help fuel wards presence-less, paper- ware, Oracle, told reporters key emerging markets in West
been looked into. ted absence of regulations on ian, President (Product Devel- pare the country for trans- Cloud-enabled innovation. less and cashless service de- here. Asia and Asia, including India
ICA — which counts leading the quality of handsets. opment), Oracle, told report- formational tax reforms. The These centres provide six livery. Daily transactions have and China. Safe Host’s custom-
handset-makers such as Sam- The COAI had said there was ers here. announcement was in compli- months of mentoring from The validation allows de- already topped 20 million ers will also get direct access
sung, LG and Apple as its mem- no control over the large num- ance with the government’s technical and business ex- velopers and partners to and are expected to soon from its Switzerland data
bers — had recently sent a letter ber of “rogue devices afecting India-based Cloud GST regime. perts, technology, a co-work- leverage Oracle Cloud at reach more than 100 million centres to emerging markets
to the Telecom Secretary stating the network quality”, and had Over the coming months, Or- Oracle CEO Safra Katz ing space, access to Oracle cus- Customer to create and test as a result of India Stack through GCX’s network
the mobile handset industry is sought the DoT’s “urgent policy acle will be reviewing propos- stressed that the government tomers, partners and investors next-generation Cloud ap- movement. infrastructure.
already “over-regulated.” intervention.” . als from the government and and businesses should move and free Oracle Cloud credits. “The Swiss business ecosys-
tem is undergoing significant
transformation with the rise of
digital economy, advances in

Lycamobiles to launch MVN service by year end EU to tackle complaints over tech firms’ unfair practices
OUR BUREAU
Chennai, May 10
Lycamobile will launch its in-
ternational mobile virtual net-
work (MVN) services in India by
this year end.
Speaking to BusinessLine on
the sidelines of the launch of
Westminster Healthcare ser-
vices in Chennai, Allirajah Sub-
askaran, Group Chairman,
Lycamobile, said the company
has applied for a licence to op-
erate an MVN in India, and is in
talks with major telecom pro-
viders for the same. The com-
pany expects to receive the li-
cence for its pan India launch
by 2017 end.
Lycamobile provides inter-
national roaming SIM cards for
Indians travelling overseas. By
launching the MVN, the pro-
vider will be able to cater to
more consumers in the do-
mestic market. Additionally,
the new service will come with
free overseas roaming facility
in all countries where Lyca-
mobile has a presence.
The firm currently operates
in 22 countries and plans to add
eight more by this year end. It
produces around 11 million mo-
bilephones monthly in India,
most of which are exported.
REUTERS
Brussels, May 10
The European Union executive
is planning a law to deal with
complaints about unfair trad-
ing practices by leading online
players such as Apple and
Google.
The European Commission
said on Wednesday, in a mid-
term review of its digital
strategy, it will prepare an initi-
ative by the end of the year to
address unfair contractual
clauses and trading
practices in relations
between platforms
and businesses,
prompting strong
criticism from the
tech industry.
This follows on from EU pro-
posals to remove barriers in on-
line services to improve
technology convergence, as
well as rapidly growing tech-
savvy population. It is mission
European companies’ chances their position as gateways to critical to have a scalable and
of competing against US tech customers to promote their reliable infrastructure to capit-
giants such as own services or impose imbal- alise on the next wave of glob-
Google, Apple and anced terms and conditions. alisation,” said Mark Russell,
Facebook. The Commission said the ini- Managing Director, GCX
European com- tial findings of an investigation International.
panies such as Spo- launched last year showed plat- “Our partnership with Safe
tify, Rocket Inter- forms were de-listing products Host enables Swiss enterprises
net and Deezer or services without due notice, to tap business opportunities
have complained that online restricting access to data or not and leading Cloud providers in
platforms — such as search en- making search result rankings the fast-growing emerging
gines and app stores — abuse transparent enough. markets.”

CM . . .... . . ...CH-X
YK
 downloaded from : https://t.me/TheHindu_Zone
8 THINK
0
xyz
thursday, may 11, 2017
Being a banker doesn’t suit the RBI
Resolving bad loans is a messy affair, it’s a job best left to empowered bank boards
Arresting the drift
Inland water transport is finally getting policy
attention, but its potential is yet to be realised
W
hen a private vessel began its pi-
lot journey two weeks back from
East Midnapore, along the Rupn- RADHIKA MERWIN
arayan river (National Waterway
S
86) to Bhagalpur on the Ganga (National Water- uch has been the concern
way 1) with a cement consignment, it was a water- over banks’ rising pile of
bad loans and historically
shed event in the history of India’s inland water- low credit growth, that the
ways. While this marked a movement across two Centre’s new ordinance has mostly
waterways, a vessel carrying cement went up the found optimists lauding it as a
Ganga, from Haldia to Patna, earlier this year. The path-breaking move.
Under normal circumstances,
Centre has said that cargo movement along the the ordinance that essentially em-
Ganga will become a regular feature. The Modi powers the Reserve Bank of India to
government is making a concerted efort to raise micromanage bank decisions on
the share of inland waterways in freight traic resolution, would have bankers and
critics of the old school crying foul.
from 2-3 per cent levels (coastal shipping accounts
But these are extraordinary times
for a similar proportion), in view of its energy ei- that call for extraordinary meas-
ciency and lower carbon footprint vis-à-vis road ures. True, despite the relentless ef-
and even rail transport. In China, 47 per cent of its fort of the central bank to put
domestic freight traic moves by water, while in banks’ afairs into order through
various tools to resolve stressed as-
the US it is 12 per cent. To this end, the Centre has sets, there has been little progress
passed the National Waterways Act 2016, which on the ground.
categorises 106 new rivers as national waterways Toss in restructured loans, and
(adding to the existing five riverine and canal sys- the tally of stressed assets could
well be upwards of ₹10 lakh crore.
tems), allowing the Inland Waterways Authority
of India (IWAI) to develop these for shipping. The Last ditch effort
advantages of raising the share of waterways in The ordinance which empowers the
the transport mix are obvious. A World Bank study RBI to set up oversight panels to
look into loan recasts, is being
points out that a litre of fuel can move 105 tonne-
viewed as a desperate, last throw of
km by inland water transport, against 85 tonne- the dice. With the RBI forcing all
km by rail and 24 tonne-km by road. Likewise, the lenders to come on board with debt
carbon emission per tonne km is 32-36 gms in the restructuring, the resolution could
case of container vessels, against 51-91 gms in the after all pick up pace. But will banks
that have now been stripped of
case of road transport vehicles. Reduced conges- their decision-making authority be
tion on roads and fewer accidents are an added able to take key decisions on lend-
advantage. ing henceforth? Most importantly,
A growing economy needs to take an integrated will the RBI be able to act as a
prudent and independent regu-
and long-term view of developing transport infra- lator after it muddies its hands in
structure so that there is seamless connectivity the mundane afairs of banks?
across diferent modes as well as balanced, Why did things have to come to
planned and coordinated development across re- such a pass that the regulator has
been forced to don overalls and
gions. This has been a casualty in transport policy,
manifested perhaps by the failure of several PPP
projects in roads. An integrated Union transport
ministry could address this failing. The 2014 re-
port of the National Transport Policy Develop-
ment Committee estimates that to achieve indus-
trial growth of 10 per cent over the next two
Policymakers are misreading the pulse
decades, public and private investment in trans-
The Government’s singular lack of strategic vision is hurting pulse-growers, despite new records in production
port will have to increase at least threefold over
this period, from ₹20 trillion in the 12th Plan. G CHANDRASHEKHAR
However, in moving ahead, two issues need to
H
be considered: first, the rights of States and local as the Government
failed the country’s
communities over water resources and second, pulse-growers this year?
the ecological consequences of movement of Isn’t last year’s ‘dal
heavy vessels in particular. The impact of shock’ that hurt consumer interests
dredging and barrages on river flows (Farakka be- still fresh in people’s memory? Did
the avoidable pulse crisis provide
ing an example) and direction, aquatic life and any lessons to policymakers? These
the livelihoods of citizens dependent on the river questions deserve to be debated.
is an important aspect. A Standing Committee re- Consider the following facts.
port has pointed to the need to regenerate rainfed To be sure, 2015-16 was a year of
weather-reduced output, widened
rivers and take into account the rights of States
supply shortfall, tight availability,
with respect to irrigation and provision of drink- high consumer prices and
ing water. It rightly suggests a regulator with both heightened import needs.
Central and State government representatives to The Government was completely
address a gamut of concerns. on the defensive, clueless about
how to handle the crisis.
Cut to 2016-17: the world’s largest
producer, importer and consumer
of pulses, India, has set another re-
cord by harvesting a humongous
OTHER VOICES 221 lakh tonnes, a quantum jump
from the previous year’s 163 lakh
tonnes; at the same time it impor-
ted an unprecedented 63 lakh
tonnes last fiscal, higher than the
The firing of James Comey
59 lakh tonnes of the previous year.
By firing the FBI director, James Comey, Trump has cast grave In other words, output and im-
doubt on the viability of any further investigation into what port both hitting a new high is the
could be one of the biggest political scandals. The explanation defining feature of the pulse mar-
for this shocking move — Comey’s bungling of the
investigation into Hillary Clinton’s private email server — is
impossible to take at face value. Comey’s agency has been
pursuing ties between the Russian government and Trump
and his associates, with potentially ruinous consequences for
the administration. NEW YORK 10 MAY 2017
LET TERS TO THE EDITOR
Total mismanagement
The Supreme Court’s decision to
arrest CS Karnan and barring the
media from reporting his state-
ments, makes you wonder
New trends on peninsula worth pondering whether the Emergency is back(SC
A report from Japan’s Kyodo News says that the administration sentences Karan to six months in
of Donald Trump has told Beijing that Washington is open to jail for contempt", May 10). In try-
welcoming North Korean leader Kim Jong-un for a meeting in ing to show that it means busi-
ness, the highest court has
the US on the condition that Pyongyang abandons its nuclear
and missile programs. Speculation over a visit by Kim does not trampled upon the freedom, en-
come out of nothing. Is this a signal that Pyongyang is shrined in the Constitution, of an
suspending its nuclear and missile activities? BEIJING 9 MAY 2017 individual and the media in one
stroke.
The intransigence on the part of
Karnan no doubt needs some
check with some measures like re-
sorting to impeachment or non-al-
Exploiting religion for political purposes location of cases, rather than send-
The jailing of Jakarta’s Christian governor for two years for ing a sitting judge of a High Court
blasphemy is a shocking ruling. It goes further than even to prison that too without assign-
prosecutors had sought: a suspended one-year sentence for ing any reasons.
Basuki Tjahaja Purnama — better known as Ahok — on a lesser The action of the SC is in quite
charge. Indonesia likes to pride itself on moderation, contrast to the way it handled the
pluralism and tolerance. If a man as powerful as Ahok is disobedience of BCCI — with kid
treated so harshly on such a flimsy pretext, what are the gloves for too long in implement-
ing the recommendations of the
prospects for others? LONDON 9 MAY 2017
Published by N. Ram at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 on behalf of KASTURI & SONS LTD., and Printed by D. Rajkumar at Plot B-6 & B-7, CMDA Industrial Complex, Maraimalai Nagar, Chengleput Taluk, Kancheepuram Dist., Pin: 603209. Editor: Raghavan Srinivasan (Editor responsible for selection of news under the PRB Act).
CM
YK
dirty its hands on the shop floor?
The RBI has been active in prodding
banks to clean the NPA mess start-
ing with the Joint Lenders’ Forum,
and the SDR and S4A schemes. Real-
ising that banks were chary of even
recognising non-performing loans,
the regulator brought in the asset
quality review (AQR) in FY16.
The AQR was touted as a major
clean-up activity, one that would al-
low banks to start of on a clean
slate. Forgotten were the important
issues of inadequate credit ap-
praisal systems and shoddy lending
practices that caused the problem
in the first place.
Where the buck goes
But the mess, as it appears, did not
end with AQR. Private banks which
got of with a shorter AQR list, had
some catching up to do.
Realising that there were still di-
vergences in asset classification
and provisioning compared to its
norms, the central bank last month
issued a circular requiring banks to
make suitable disclosures pertain-
ing to FY16.
Axis Bank now says that loans to
the tune of an additional ₹9,478
crore should have been declared as
NPAs in the FY16 fiscal itself; the
bank had reported gross NPAs of
₹6,087 crore only as of FY16. Accord-
ing to the ICICI Bank management,
the RBI assessed incremental bad
loans to the tune of ₹5,100 crore as
part of this exercise. The two banks
explain the under-disclosure in
FY16 saying that they accounted for
the same during FY17, before the RBI
issued its directive last month.
The fact that the RBI had to issue
so many directives and circulars on
the operational front alone high-
lights the critical governance issues
at banks.
The RBI will now step into banks’
shoes to clean up the bad loan mess.
The fact that it will — under the au-
thorisation of the Centre — instruct
banks on how to tackle specific ac-
counts raises questions on the cent-
ket performance this year. The im-
pressive growth in production was
aided by reasonably well-distrib-
uted rainfall, enthusiasm of grow-
ers in the wake of high prices dur-
ing the planting season and
consumers’ ravenous appetite for
consumption given the price and
income elasticity of demand for
this essential food ingredient.
Unmet appetite
Higher agricultural growth gener-
ates higher rural incomes which in
turn encourages consumption of
various food products including
pulses. The experience of 2016-17
demonstrates not only the huge un-
met appetite for food consumption
in India, but also the stark underes-
timation of demand by policy-
makers.
Where does the Indian pulse mar-
ket go from here? India is at the
crossroads.
In some regions, pulse growers
are utterly disillusioned because
despite harvesting record crops
they have not received the remu-
nerative prices they expected.
In Maharashtra and Karnataka,
principal growers of pigeon pea,
the harvested produce has been
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.
Lodha Committee. A senior oice-
bearer was even let scot free in
spite of his making a false repres-
entation to the ICC, which even the
SC warned amounted to contempt
of court. It is also doubtful
whether the SC acted with same
alacrity in instances where the ju-
diciary was accused of corruption,
bribery and even sexual harass-
ment.
Instead of treating it as an ego or
legal issue, if the SC had displayed
compassion and tried to hear out
his grievances across the table to
arrive at mutual understanding,
the nation would have been
spared of these unpleasant
happenings.
V Subramanian
Chennai
Karnan being sentenced a jail
term for six months is stunning.
Judges sentencing judges is unpre-
cedented in the history of the In-
dian judiciary. The whole episode
Above it all That’s what the RBI is meant to be BLOOMBERG
ral bank’s autonomy. The preamble
to the RBI Act 1934 indicates two
core functions of the RBI — issue of
currency and monetary authority.
The legal mandate for other key
functions and responsibilities
comes from specific statutes — The
Banking Regulation Act 1949, The
Foreign Exchange Management Act
1999, The Payment & Settlement Sys-
tems Act 2007.
In 2011, the then governor of RBI,
Duvvuri Subbarao, in one of his
speeches had clarified that the RBI
has not been accorded autonomy
under the statute.
The RBI Act lays down that the
Centre may give directions to the
RBI, after consultation with the gov-
ernor, in the public interest. In real-
ity however he re-iterated that the
RBI operates with a functionally
autonomous mandate and there
has been no instance so far of the
Government exercising its reserve
powers to issue a directive.
That was then. The Centre’s de-
monetisation move changed that.
Questions about the RBI’s inde-
pendence and credibility have been
selling 10-15 per cent below the min-
imum support price (₹5,050 per
100 kg) assured by the Government.
The pulse procurement pro-
gramme of the Government that
envisaged purchase of 20 lakh
tonnes has had limited impact on
supporting domestic prices, espe-
cially of pigeon pea.
Similarly, in the rabi season, un-
precedented prices of chana at the
time of planting prompted growers
to expand the planted area; they
harvested 91 lakh tonnes according
to oicial estimates.
But market prices have halved to
the current level of around ₹5,500/
100 kgin recent weeks.
The question is whether disillu-
sioned pulse-growers will once
reveals that everything is not
smooth with the Indian justice
system.
KA Solaman
Alappuzha, Kerala
The jail sentence marks the egre-
gious culmination of an uneven
fight between seven Supreme
Court judges and a single High
Court judge. Clearly, there were
ego clashes all along. The order to
conduct a medical test on Karnan
unveiled the move to depict him
as unfit to be a judge. Certainly his
identity as a dalit and his “less-
than-diplomatic and indiscreet”
accusation of corruption against
20 judges worked against him.
It is relevant to ask whether the
SC has the jurisdiction to send a
sitting High Court judge to jail.
The court has also gagged the
press with scant regard for free-
dom of expression. If it felt that
Justice Karnan overstepped the
line, it could have recommended
downloaded from : https://t.me/pdf4exams
raised since then. According to the
two new insertions in the Banking
Regulation Act — 35 AA and 35 — the
Centre can authorise the RBI to is-
sue directions to banks on resolu-
tion of stressed assets. Remember,
these sections will stay in the Act
much after the NPA problem is
resolved.
Can the RBI still carry on with its
implicit ‘autonomous’ image after
it involves itself with bank de-
cisions? Unlikely, as these provi-
sions can be called upon by the
Centre or the RBI any time, not ne-
cessarily in dire times.
Most of the past lending de-
cisions leading to the NPA mess
reek of political compulsions. It
needs to be seen if the RBI can ring-
fence its directives on resolution
from political interference.
Time to dissolve BBB
Rather than mollycoddling banks
and finding quickfix solutions to
tackle bad loans, kick-starting re-
forms to improve bank governance
would have been the right way to
deal with the issue at hand. Some-
again plant record acreage.
There is a possibility they may
not. Disgruntled growers will re-
spond the only way they know —
not plant the crop that failed to
meet their price expectation.
Next year (2017-18) it is possible
we may go back to the explosive
2015-16 situation of lower crops and
heightened dependence on the in-
ternational market.
Also, policymakers seem have no
strategic action plan to ensure that
the record production of 2016-17 is
sustained in the upcoming season.
Far from helping retain farmers’ en-
thusiasm, government’s superficial
approach may have killed it.
In a year of bumper harvest, re-
cord import and price collapse, con-
to the Parliament his impeach-
ment and removal. It has now be-
come a fit case for the President to
intervene.
G David Milton
Maruthancode, Tamil Nadu
False expectations
With reference to the edit, ‘Hard
choices’ (May 10), we have just a
tenth of of China's crude steel ca-
pacity. Miscalculated capacity ad-
dition would leave us in a fix. The
present per capita steel consump-
tion in India is 50 kg, going up to
120-150 kg by 2030. Putting in ex-
cess production capacities
without a matching appetite for
steel both domestic and global
would result in huge surpluses.
Tarif walls will never incentivise
cost reduction or productivity.
The crux of steeling India lies
else where — R&D. We must pro-
duce steel engineered for the fu-
ture and not be left making run-of-
the -mill products to end up with
CHENNAI
BusinessLine
THURSDAY • MAY 11 • 2017
time back, with the constitution of
the Banks Board Bureau chaired by
CAG Vinod Rai, expectations ran
high of a drastic overhaul in gov-
ernance of PSBs.
But after a year of coming into be-
ing, BBB has proved to be damp
squib, thanks to the Centre’s unwill-
ingness to let go. The BBB’s latest re-
commendations mooting a new
Governance, Reward and Account-
ability Framework for PSBs could
well be a non-starter.
The PJ Nayak committee had en-
visaged granting more autonomy
to bank boards. As a first step, the
Centre would do well to reduce its
stake.
There is an urgent need to profes-
sionalise and depoliticise the gov-
ernance structure. After all, when
the economy picks up, banks will
have to get on the lending band-
wagon.
And to avoid repeating past mis-
takes, empowering bank boards
will be critical.
That is the way to go rather than
for the regulator to get into an oper-
ational role in banks.
tinuing storage restrictions and
prohibition on export (except for
kabuli chickpea) clearly go against
growers’ interests.
The rain factor
The weather is sure to continue to
play a critical role.
While the forecast is for a normal
SW monsoon in 2017 (June to
September), the harvest will de-
pend on spatial and temporal dis-
tribution of rainfall as well as area
planted.
Meanwhile, consumption de-
mand for pulses will grow with the
beginning of the festival season.
In the next three-four months the
pulse market is likely to witness
volatility, driven by the onset and
progress of the monsoon, progress
of planting not only in India but in
other major origins too, currency
fluctuations as well as government
policy.
So, the big question is whether In-
dia’s record production and record
import will be the new normal or
will the new-found aggression
fizzle out.
The writer is an agri-business and
commodities market specialist
idling plants and dead inventory.
The giant steel industry of the US
of the 1960s first lost out to the
foresight and inventiveness of the
Japanese and S Koreans, and later
to the singular pursuit of far
cheaper and mass steel produc-
tion by the Chinese.
R Narayanan
Ghaziabad, Uttar Pradesh
Inexplicable
Getting back Mallya from abroad
is understandable, but what is
amazing is the inability of the
Karnataka Police to catch the
rowdy element Nagaraj of
Bengaluru. It is puzzling how he is
able to pull on for so long hiding
within the country and releasing
diferent stories and getting them
published in media! Is the delay in
catching him deliberate in order
to hide some undesirable truths
being revealed?
VS Ganeshan
Bengaluru
ISSN 0971 - 7528
. ..... .... ...CH-X
CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 THINK 9

Malaria-free India?
Immunisation holds the key
Making PPP projects deliver
DHARMINDER NAGAR unvaccinated. The bottomline is — Large, complex projects require effective distribution of risk, which calls for suitable renegotiation of contracts
immunisation matters now more

M
alaria is one of the than ever, and needs to be seen as SURESH SUBUDHI / NEETU VASANTHA is not feasible. Hence, to address
oldest diseases a development priority in Indian the risks which may be unique to

known to mankind.
In India, it is an ongo-
ing national health burden. To
curb the disease, globally, the
World Health Organization
(WHO) is poised to introduce the
first vaccine created to prevent
malaria. The organisation an-
nounced the vaccine on April 24,
2017, the eve of World Malaria Day.
Globally, more than 4,29,000
people died of mosquito-borne ill-
nesses in 2015, and millions are af-
fected by malarial infection. This
is contributing to the overall bur-
den of healthcare in India.
From 2000 to 2015, a 62-per cent
reduction in malaria deaths has
been noted, according to the
WHO. The implementation of the
urban malaria scheme (UMS) in
1971-72 and the modified plan of
operation (MPO) in
1977 had helped in im-
proving the malaria
situation considerably.
However, almost 22 per
cent of India’s popula-
tion live in high trans-
mission areas, and 67
per cent live in low transmission
areas, shows the World Malaria Re-
port 2014.
Eradicating malaria and other
tropical diseases in endemic coun-
tries such as ours needs a
paradigm transformation in the
way the disease is to be dealt with.
Broadening the spectrum of uni-
versal immunisation coverage
will surely play a significant role
in achieving this goal with a long-
lasting, tangible impact for im-
proving health outcomes in the
treatment of this disease.
Gearing up for immunisation
Vaccines are widely recognised
globally by health experts as one
of the world’s most successful and
cost-efective interventions for
health. It is unfortunate that even
with the availability of advanced
and afordable vaccines, there are
19.4 million children world over
who remain under-vaccinated or
healthcare.
Indian’s vaccine market re-
mains small and under penet-
rated. The Government has to real-
ise that adding new vaccines to
the National Immunisation Pro-
gramme results in creating im-
mense value creation. The African
nations to receive the malaria vac-
cine by next year are Kenya, Ghana
and Malawi. With the oicial nod
for India awaited, it is just a matter
of time before India follows suit.
The WHO has defined an ambi-
tious goal to eliminate malaria by
2030. Similarly, the Union Min-
istry of Health and Family Welfare
had launched the National Frame-
work for Malaria Elimination last
year.
Here is a five-point agenda to
scale up immunisation pro-
grammes in India:
Take up value-ad-
ded disease surveil-
lance initiatives to
measure and assess
the current burden of
the disease on com-
munities and the pro-
cess of dealing with it.
Form an evidence-based na-
tionwide protocol for all stake-
holders for doing research on new
vaccines and implement them at
the ground-level should be done,
because in India malaria hits the
poor the most.
Build a motivated workforce to
promote education and commu-
nication about the new vaccine is
important.
Put up an eicient logistics and
distribution network for upcom-
ing vaccines and set up safe cold
stores to protect them.
Define the performance and
management accountability re-
sponsibilities in a clear-cut man-
ner, and periodic monitoring and
evaluation should be done in the
first five years after the introduc-
tion of the new vaccine.
The writer is the managing director
of Paras Healthcare
T
he promise of time and
cost eiciency through
access to specialised
skills has had govern-
ments increasingly reaching out
to the private sector for large in-
frastructure projects. However,
flanking the potential benefits is
the rigid design of public-private-
partnerships (PPP), inhibiting as-
set owners from drawing the re-
quisite balance between tightly
composed contracts and injecting
adequate flexibility to accom-
modate unforeseen scenarios.
As a result, long term multi-
stakeholder projects often en-
counter financial diiculties and
contract disputes, leaving little or
no room for structured
resolution.
Many PPPs across developing
and developed countries have
failed primarily due to misman-
aged risk and lack of a structured
response to unplanned situ-
ations. Internationally, for infra-
structure concessions in de-
veloped countries such as Spain,
Italy, Chile as well as developing
countries of Latin America rene-
gotiations are common.
A study of the 17 early conces-
sions in Spain revealed that they
have been renegotiated a total of
121 times (an average of about
seven times). Similarly, a World
Bank study has indicated that out
of a sample of 1,000 concessions
granted in Latin America and
Caribbean between 1985 and
2000, 30 per cent underwent ne-
gotiations. In the transportation
sector, this was as high as about 55
per cent
Theoretically, large infrastruc-
ture projects, which have mul-
tiple stakeholders collaborating
over long periods, require that
risk is allocated to parties that are
best positioned to manage it. In
practice, this results in over-pre-
scriptive, inflexible contracts to
address inherent incompleteness
of contracts — but is self-defeating
as a priori identification of all risks
each project/sector, risk manage-
ment in PPP contracts needs to be
made dynamic. These adaptable
mechanisms may take several
forms:
Contractual structure
Delinking players from unpredict-
able risks: Transport infrastruc-
ture owners may mitigate the im-
pact of crisis on projects by
passing on unpredictable risks.
For example, instead of the well-
established mode of build oper-
ate transfer (BOT), concession to
the highest bidder, an alternate
and, perhaps, more eicient way
is through the Least Present Value
of Revenue (LPVR) mechanism.
Here, the concession is auc-
tioned to the private partner that
ofers the best design/construc-
tion eiciency and minimum cost
of capital. During the project, the
concession period is adjusted to
account for unexpected events,
such as lower-than-anticipated
traic and changes in toll rev-
enue, to ensure that the private
partner generates the expected
discounted revenues. Chile has
used this; many others are follow-
ing suit.
This mechanism is attractive to
all stakeholders. Private sector
minimises the risk of a winner’s
curse as long-term traic demand
projects do not dictate the bid
amount. Public sector gains integ-
rated and optimal design and op-
erations capability over a long
term.
Societal benefit is in the form of
a significantly reduced risk
premium to create a public good.
Extensive technology deploy-
ment to ensure transparency
across stakeholders on quality,
progress, traic would ensure
smooth functioning of a variable
concession model.
Another variant of the BOT
model, currently being used by
our road transport ministry is the
Hybrid Annuity Model. In this
model, the public and private sec-
Hanging in the air Not an ideal result for infra projects
tors partly fund project construc-
tion cost.
Financial returns to the conces-
sionaire are predetermined using
semi-annual annuity payments,
while toll revenues go to the Gov-
ernment, transferring unpredict-
able commercial risk to the pub-
lic-sector partner. The provision of
inflation adjusted costs and annu-
ity payments with interests at
minimum bank rate hedge infla-
tion and revenue risks.
Contractor selection
Involve private sector early: The
principle of early contractor in-
volvement is a collaborative ap-
proach to tender a large, complex
project. In a two-stage process,
based on quality and cost pre-
qualification, two-three contract-
ors are shortlisted who compete
in developing the best ‘solution’
i.e. detailed project plan, design
and price. The asset owner typic-
ally provides boundary condi-
tions for these solutions.
Association of the contractor
with project development re-
duces the information asym-
metry with the asset owner, in-
fuses ownership and can achieve
TRAVELLIGHT/SHUTTERSTOCK.COM
higher cost efectiveness and ex-
pedite delivery. Identification of
project scope and risk and value
drivers upfront induces collabor-
ation and reduces the risk
premium demanded by the
private contractor. Governments
in the UK, the Netherlands, Aus-
tralia, New Zealand have utilised
this efectively.
Contractual flexibility
Facilitating structured negotiation:
Some events lead to substantial
permanent changes in operating
environments. To account for
such possibilities, asset owners
should make adequate provision
for contract renegotiation, in-
cluding triggers for exceptional
reviews, upfront while defining
the contract.
Hence, there must be provision
in a PPP contract that clearly artic-
ulates dispute-resolution mech-
anism that provides flexibility to
restructure within the commer-
cial and financial boundaries of
the project. India is taking steps in
this direction.
For instance, last year, finance
minister Arun Jaitley announced
setting up a Public Utility Bill for
resolution of PPP contract dis-
putes based on the Kelkar com-
mittee recommendations.
The committee suggested set-
ting up of sector specific monitor-
ing committees to review con-
tracts and prevent distress in
partnerships. They also recom-
mended setting up external regu-
lators that would decide the grav-
ity and permissibility of a
contract dispute and the Infra-
structure Adjudication Tribunal —
a multidisciplinary expert com-
mittee that would make resolu-
tion recommendations.
With the Government’s target
of $375 billion in investment in in-
frastructure by 2019 and a hope of
PPPs bridging 50 per cent of this
deficit, the need of the hour is to
employ institutional mechan-
isms while designing PPP
contracts.
The time is now for asset own-
ers to think through new ways of
de-risking key stakeholders, shar-
ing supernormal profits and ne-
gotiating unforeseen conditions.
Subudhi is partner & director and
Vasanta is principal at Boston
Consulting Group

B Prime Minister Modi will
travel to Sri Lanka today to
attend the biggest Buddhist
festival, ‘Vesak Day’. The
celebrations, to be held in
Colombo from May 12 to 14,
will include an International
Buddhist Conference in which
over 400 delegates will
participate. Vesak marks
commemoration of Buddha’s
birth, enlightenment and
passing away.
B Road transport minister
Nitin
Gadkari will
kick of his
three-day
trip to the
UK today
with a
market opening ceremony at
the London Stock Exchange
where he will address
investors on investing in
India’s growth story.
B The Supreme Court is to
hear today pleas challenging
the validity of triple talaq. A
Constitution Bench will hear
the matter. Earlier, the SC said
it had to examine if personal
law practices such as the
triple talaq were the
“fundamental traits” of the
minority religion.
B Isuzu Motors India, an arm
of Japanese
automaker
Isuzu
Motors, will
launch
today its
fourth
model in India — the Isuzu
MU-X. The MU-X is a family
SUV based on the same
platform as other Isuzu
models — V-Cross, D-Max and
S-Cab.
B Over 200 companies will
showcase their latest price
competitive LED solutions
and innovations for the
Indian market at the LED Expo
from today till May 13 in
Mumbai. Exhibitors from
China, Taiwan, Hong Kong,
Korea will be showcasing
products at this three-day fair.
Note ban, and why appealing to ‘civic sense’ works
VENKY VEMBU
THE CHEAT SHEET
What manner of mythical
beast is ‘civic sense’?
I know it’s easy to be cynical, but
in fact, behavioural economists
have established that policy initi-
atives that appeal to people’s
sense of a ‘greater common good’
and to their ‘civic sense’ actually
have better chances of success.
How does that apply to the
demonetisation experience?
Six months after demonetisation,
commentators are still puzzled at
how a nation of a billion-plus
people whose lives revolve
around cash stoically put up with
the inconveniences of seeing 86
per cent of the notes in circula-
tion withdrawn overnight.
In his foreword to a recently
published book on demonetisa-
tion, former RBI Governor YV
Reddy wonders that “people at
large did not revolt” but “went
through not just inconvenience,
but pain.” Their patience, he
writes, “was beyond belief.”
easy
ACROSS
01. Division of passenger
coach (11)
08. Support for a belief (8)
09. Make a hole (4)
10. Poetry (5)
13. Animal fibre (4)
16. Forehead (4)
17. Sun helmet (4)
18. Reluctant, unwilling (4)
20. Indentation, nick (5)
24. Watch over, minister to (4)
25. One having money in
shares (8)
26. Watching over, protecting
interests of (11)
DOWN
02. Latin poet (4)
SOLUTION: BL Two-way Crossword 846
ACROSS 1. Tricycle 4. Acer 8. Pad 9. Rival 10. Mad 11. Changed
12. Noose 13. Well-covered 17. Ducat 18. Brought 20. Bus 21. Oboes
22. USA 23. Ease 24. Skittles
DOWN 1. Topics 2. India 3. Livid 5. Compose 6. Rudder
7. Slanderous 9. Regulation 14. Excuses 15. Edible 16. Strays
18. Brook 19. Gruel
How do you explain that?
It’s possible that people believed
that a ‘greater common good’ was
being served by the note ban.
That’s why I say that an appeal to
people’s ‘civic sense’ works. There
are many studies in the area of be-
havioural economics that ac-
count for such counter-intuitive
behaviour. For instance, people
don’t need financial incentives to
“do the right thing” and, in fact,
sometimes such ‘rewards’ back-
fire; similarly, imposing a penalty
doesn’t disincentivise
bad behaviour.
Tell me more.
In their 1997 research
study, ‘The Cost of Price
Incentives’, Bruno Frey
and Felix Oberholzer-Gee at the
Institute for Empirical Economic
Research, University of Zurich, es-
tablished that while a sense of
‘civic duty’ may cause people to
respond for the greater common
good, a financial incentive may
actually backfire.
That sounds crazy.
But it’s true. When the Swiss gov-
ernment planned to build a facil-
03. Portion, part (5)
04. Speed trials (5)
05. Joint that may be crooked
(5)
06. Capacity of feeling, emotion
(11)
07. Senders of greetings (4-7)
11. Black bird (5)
12. Have actual being (5)
14. Ancient Greek coin, weight
(4)
15. Junior player, young horse
(4)
19. Living border (5)
21. Weight, avoirdupois or troy
(5)
22. System of belief (5)
23. Daze, stupefy (4)
ity to store nuclear waste, roughly
half of the respondents to a sur-
vey said that despite the risk, they
would be agreeable to having the
facility in their community — out
of a sense of “civic duty”. But
when the survey was reframed
with the ofer of several thousand
dollars for living near a nuclear-
waste facility, only 25 per cent ex-
tended their support.
Interesting.
And there are other examples. In
the UK, the Behavioural
Insights Team, which
helps the Government
redesign public ser-
vices by harnessing
learnings from behavi-
oural science, was able
to get delinquent taxpayers to
pay up their taxes by writing to
them and pointing out that nine
out of ten people in the UK pay
their taxes on time, and that they
hadn’t. Evidently, being re-
minded of the “social norm” ap-
peals to one’s civic duty: drawing
attention to other people’s good
behaviour can reform deviants.
And penalties don’t work?
bl two-way crossword 847
BusinessLine
TWENTY YEARS AGO TODAY
may 11, 1997
In some contexts. Researchers Uri
Gneezy (co-author of The Why FIs given more leeway in raising short-term funds
Axis) at the Israel Institute of Tech- The RBI has relaxed stipulations on the financial
nology and Aldo Rustichini at institutions garnering funds from the public which could
Tilburg University noted that par- place competitive pressure on banks. In place of the
ents who picked up their children present instrument-wise limits fixed by the RBI for each FI,
from day-care centres in Haifa, Is- it has now been decided to fix an umbrella limit for
rael, were sometimes uninten- mobilisation of resources by way of term money
tionally late. But when a small borrowings, certificates of deposit, term deposits and also
penalty was introduced on late- inter-corporate deposits for each institution. The overall
comers, parents stopped show- ceiling for the umbrella limit will be equal to the net
ing up on time entirely. owned funds of the FI.
BSE guarantee fund to be in place tomorrow
How do you explain that? The BSE has said its Trade Guarantee Fund will become
Earlier, parents had non-financial operational from May 12. The fund is aimed at
incentives for being on time; such guaranteeing settlement of bona-fide transactions in the
as avoiding the guilt of incon- event of a member failing to honour his settlement
veniencing day-care workers. But liabilities. The trade guarantee scheme had been approved
as soon as they had the option to by the SEBI earlier in the week. The initial corpus of the
pay a fine and avoid the guilt, they fund is Rs. 172.5 crores. The largest contribution to it — Rs
grabbed it. 60 crores — will come from the exchange. Another Rs. 55
crores will come from the base capital of the members
The lesson from all this? lying with the exchange in the form of cash, fixed deposits
People are not always motivated and shares.
by money considerations. Some- New depreciation norms for computer hardware
times, appealing to their ‘civic The Department of Electronics has proposed new norms
sense’ or pointing them to the ‘so- for calculating depreciation of computer hardware for
cial norm’ can often yield more income tax purposes, keeping in mind the high degree of
fruitful outcomes for the ‘greater obsolescence in the industry. Under the proposed scheme,
common good’. depreciation would be calculated at 50 per cent for the
first year and the asset could be written of in the second
A weekly column that helps you ask year. The proposal had to be cleared by the Finance
the right questions Ministry and the Income-tax Department.
not so easy
ACROSS 03. Portion that sounds irenic (5)
01. Remark about part played by 04. Goes quickly, the result of a
division in carriage (11) scare maybe (5)
08. Vice need not be the same if 05. Push one out of the way as a
heard in court (8) joint endeavour (5)
09. Tedious person who carried a 06. Emotional response to second
child (4) part of Austen title (11)
10. First of Vikings to use Irish to 07. They send greetings to those
write poetry (5) hoping for a water supply
13. Fibre gathered by absent- (4-7)
minded dreamer (4) 11. Tower bird gives the right vane
16. Archer’s weapon about right a twist (5)
for top of hill (4) 12. Actually to be six up, and in
17. Sun-helmet creates work in France get around it (5)
putting it back (4) 14. Greeks gave little money to
18. Unwilling to have a good deal mob Olympics allowed in (4)
of hydrogen (4) 15. Young player starts to learn
20. Nick giving weight back to the while in bed (4)
church (5) 19. Row of bushes will not provide
24. Be apt to look after things (4) a straight answer (5)
25. One putting money in vein 21. How the snow leopard may
must sort it out (8) turn on cue (5)
26. Man with crook has gin 22. Statement of belief I’ve not
cocktail when marshalling received arrangement of (5)
crowd (11) 23. Crazy upturn that will knock
DOWN one cold (4)
02. Poet gave up the party when
about six (4)

CM . ..... .. .....CH-X
YK
 downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams CHENNAI

10 TECHNOPHILE BusinessLine
THURSDAY • MAY 11 • 2017

One stick to rule them all

With this little gadget, needed to do was connect it to my TV
in the HDMI slot, and provide my Wi-Fi
Amazon lets you stream network and password and literally 30
movies on your TV seconds later, it was ready to use. I was
able to watch content from Amazon
Prime, add my Netflix account, and on
KISHORE BHARGAVA top of that, I added my YouTube
account, which also started working
available (and there are a lot of Indian
films on ofer) but if you want to skip
it, you technically can and instead
watch Netflix. The real value of the Fire
TV Stick, however, is when you can dip
into all these sources.
Whether you have an Amazon Prime
account or not, you definitely do need
famous assistant Alexa, and can search
for stuf on Amazon and YouTube.
More apps are being added to extend
this capability.
Better than Chromecast
Apple TV is a diferent ballgame all-
together, however, a fair comparison

T
he Amazon Fire TV Stick is immediately. If the slots on the TV are a basic Amazon account, which is what can be made between the Fire stick and
essentially a media player typically at the you log into the Chromecast. Fire Stick is the clear
that looks for all the world back and are interface with by winner. It has local storage, a remote,
like a pen drive. Hence the diicult to using your can be used independently of any
‘stick’. But unlike a USB drive, it has a reach, an password. I do device and does everything that the
HDMI connector instead of a USB extender believe that Chromecast does and much more.
connector. When you plug it in, it cable will Amazon has Unless Google comes up with an
converts your television into a smart make it recently launched update, I’d say it is the end of the line
TV with lots of options for streaming more some TVs in the US for Chromecast.
content. accessible. market, which have Since the Fire Stick is essentially an
If you’re a real movie addict and are Out of the the Fire stick built- Android device, it allows one to install
looking for one way to watch Netflix, box, the Fire in and they apps very easily, extending the
Amazon Prime, YouTube and a host of Stick comes with apparently don’t capabilities and services endlessly. The
other services, the Fire Stick is certainly a power supply need an Amazon best part is that one can even install an
for you. I currently have both — a for the device, a account. app like Kodi without jail-breaking the
Google Chromecast and an Apple TV HDMI extender and Using the Fire Stick device and add your private media
(third gen), but neither of them of course, the Stick is very easy and collection to what can be viewed on
natively play Amazon Prime and nor itself. And that is intuitive. The the Fire Stick.
do they support an app ecosystem in pretty much all you onscreen display gives
India. need. Of course, a TV you all the options and Priority for Indians
I needed to get the Fire Stick and with a HDMI port the accompanying In India, we are usually very mifed
wasted no time doing so. The other would be helpful too! remote lets you manage when big companies in the US put our
choice would have been a fourth gen All HD TVs come with the rest. The interesting country on low priority. A case in point
Apple TV but that would have been them. thing is that even the TV is the recent fiasco with Snapchat in One stop entertainment shop The Stick lets you stream from many sources SHUTTERSTOCK
more than three times the price of the remote works with the which the company CEO received a big
Stick. Variety of options Fire Stick and if you add a Bluetooth backlash for comments he may or may only that, Amazon has tried hard to
Price: ₹3,999
Amazon has, of course, meant the Stick keyboard, then it is completely sorted. not have made about India not being sweeten the deal by adding Airtel
Pros: Easy to install, watch
Easy to connect to allow you to watch content available The remote control has a worth his company’s while. But Movies, Sony TV, Hotstar, Gaana (six
content from multiple sources,
Setting it up was a total breeze. Since I on Amazon Prime. You need an microphone built in and with it, you Amazon gives India its full attention months, ad-free) and the list goes on
voice commands
bought mine from Amazon, it came Amazon Prime account to be able to can voice-input to interact with the and this is only the fifth country to and on. Thus making this an extremely
Cons: Nothing in particular
pre-configured for my account. All I watch the movies and TV shows interface. It’s powered by Amazon’s have had the Fire Stick introduced. Not compelling purchase.

TECH DIGEST

GITA IS YOUR COMPANION

Tough nut to crack
Fancy having someone carry your groceries around and shop while you walk about free of The Cat S60 is made to was also easily managed.
the burden yourself? Piaggio has built a robot called Gita who could do just that. Of There is an SOS button but the only prob-
course, in India, the poor thing will fall into the first pothole and bump into a million withstand what would lem is that the user has to open a flap to press
people and objects, but it’s nice to know. Gita the robot is a big round thing that otherwise shatter phones a tiny red button inside. However, it could
follows its human around, stopping when he or she does and even spinning around have been kept that way to prevent any acci-
on its own axis. The robot turns after you and generally behaves like a puppy dog in dental presses.
that respect. Gita is the product of Piaggio’s Fast Forward project, an attempt to have DINAKARAN R The phone comes with a 3,800mAh battery
the company keep up with changing times. This is the company that makes the Vespa that lasted for almost 15 hours with 20
scooter, remember. The robot communicates with the user via a rather large and How often do you drop phones? Worried minutes of phone calls and at least three or
inelegant belt the person must wear on the waist — that needs work, Piaggio agrees. Gita can carry about cracking your screen, or worse? Well, if four email apps and social media apps in
about 15 to 18 kg of goods, whatever they may be and obviously doesn’t get tired doing so. It would be a you are willing to compromise on feel and push mode.
shopaholic’s delight, except that it’s probably being considered for more serious industrial use. Currently, Gita build, then the Cat S60 is one phone you The S60 has a 13MP autofocus and a FLIR
doesn’t react well to someone who walks too fast or when there are too many things to bump into — including could take a look at. Thermal Camera. Thermal Camera? Yes. This
doors. It’s also quite big so good luck putting it away somewhere, though it needs the user’s fingerprint to obey, so Why? Cat S60 claims it is “drop-proof to is one of the USPs of the phone and could
may not appeal to thieves. 1.8m and reinforced with a strengthened die come handy in disaster management and for
cast frame, it exceeds even military specifica- security teams to track movements in the
tions, making it the perfect com- dark. Thermal cameras are useful
panion for those living even the even in homes to detect water
SAVE WHILE YOU SPEND most rugged of lifestyles.” seeping or overheating
SMARTPHONE AND LIGHT CONTROL DIABETES
The “most rugged of life- devices. The front camera is
After last year’s demonitisation,
An exciting new development coming from Chinese researchers shows how styles” can mean people work- 5MP.
there’s been a considerable shift
a smartphone can be used to control blood sugar in mice. Well yes, mice get ing in construction sites, secur- However, this is not the
towards cashless payments with
diabetes too. According to the BBC, the researchers genetically engineered ity forces, firemen or even phone you want if you like
many people now using credit cards,
cells to manufacture insulin in response to light. When exposed to specific somebody going on an adven- taking great pictures. The
debit cards and digital wallets when
types of light, the cells will go into action. Once this was possible, an implant ture trip. performance is average.
they would otherwise have used
does the rest. A smartphone can now be used to trigger off the sequence of What distinguishes the Cat S60 But we have to remem-
cash. One of the interesting fallouts
causing the light to be emitted and the cells to produce the insulin — or from other phones is the look it- ber that the USP of the
is that most digital payment
whatever other substance is required. The idea has been presented in the self. While the trend these days is phone is totally
platforms are loaded with offers.
Science Translational Medicine and could well one day be the way to deliver “sleek, beautiful, thin” phones, Cat diferent.
Unfortunately, people aren’t aware
personalised treatment precisely. S60 is none of these. The die cast The phone has a
of them or they don’t easily
frame gives it a rugged look. It is also generous 3GB RAM
remember them while making
bulky and heavy. with 32GB inbuilt storage and an expandable
payments. A mobile app called
The device has a width of 73.4 mm, a height card slot that can take up to 128GB. It has a
Cardinal, free on Android, has a
of 147.9 mm and is 12.6 mm thick. Yes 12.6 mid-range Snapdragon 617 octa-core pro-
THE WORLD’S SMALLEST SMARTPHONE solution. This app helps you use your
mm. It weighs 233 grams. cessor.
cards cleverly. It lets you know all the
At a time when people are talking about big screen smartphones, Unihertz, a Shanghai-based smartphone-maker It is also waterproof and can survive As this is a water-proof and dust-proof
offers on various cards from the
has launched the world’s smallest smartphone. Jelly is a mini-sized phone with full features such as Android 7.0 depths of up to five meters for 60 minutes. phone, none of the slots are open. We have to
major banks and wallets and it can
Nougat and also supports 4G connectivity. Jelly sports a 2.45-inch screen and just about fits in the palm of There is a Lockdown Switch that enables it to open a flap even to insert headphones or a
even tell you which card is the best
your hand. One of the main features of this phone is its ultra portability. The phone can easily do that. The S60 can also take underwater micro-USB cable. But if you want something
to use at a specific location from
fit into your coin pocket. It can be used as a secondary phone while working out or maybe photographs and video, and the Gorilla Glass that is rugged, water-proof, drop-proof and
your wallet. It not only pinpoints the
going out partying. The phone comes with 1GB RAM and 8GB storage (expandable to 4 screen is also gloves and wet-finger com- dust-proof, you have to make a few
right offer for a user but also at the
32GB). The company also offers a pro version with 2GB RAM and 16GB storage. The phone patible. Cooking in the kitchen and want to compromises.
right time and place. It can also
sports a 1.1 Ghz quad-core processor and has a 2MP camera on the front and an 8MP rear refer to a recipe? You don’t have to wipe your
suggest a deal based on your habits
camera. It has a 950mAh battery that according to the company will last upto three days wet hands. You also won’t get a panic attack if Price: ₹64,999
after learning your spending pattern.
with a full charge or upto seven days on standby. It could be an answer to any situation you spill water on it. Pros: Rugged looks, water-proof,
You just have to download the app
where using a heavy, expensive primary phone is inconvenient. Shipping for the Jelly will We dropped it at least four times from a dust-proof, drop-proof, thermal
and sign up (no card numbers
start only in August 2017. The phone is currently listed on Kickstarter and it has already height of five feet and there wasn’t a single camera, good battery life
needed) and Cardinal will start
managed to raise $539,518, much more than the original pledge of $30,000. scratch or dent. We also dropped the S60 in a Cons: Average camera, bulky and
helping you save when you spend.
bucket of water and let it stay there a while. heavy
Clicking a few decent pictures underwater

Bring home the movie theatre

Epson’s EH-TW6700 is a
good addition to your
home entertainment kit
MIRZA MOHAMMED ALI KHAN
There’s something about watching
movies on a big screen, light streaming
on it from a projector, bringing visuals
to life on what is otherwise a blank wall.
Or maybe that’s just the theatre-lover in
us all. And a lot of well-known brands
are keen on bringing this experience to
our living rooms. Well, at least for those
who can aford them.
Epson, known for its range of
printers and projectors, earlier this year
launched a home projector in the
country — the TW6700. Priced at about
₹1.3 lakh, this one seems aimed at those
looking for a full-blown movie
experience at home, and willing to shell
out some cash for it. I got my hands on
a review unit and spent a week
throwing light on walls. Here is how the
experience was.
The TW6700 isn’t exactly portable. At
almost 7 kg, it’s not too easy to lug
around, so it makes sense to set it up in
a space of your choice and let it be. Its
smooth, white looks seem more at
home in an oice boardroom than your
living room, to be honest. But it doesn’t
stick out.
Easy installation
Setting this projector up is child’s play.
Actually. The review unit came with the
usual accompanying paraphernalia —
power cable, VGA cable, USB, remote,
HDMI cable etc. Just plug in the power
cable, switch it on, and in about 30
seconds, the lamp comes to life,
throwing 3,000 lumens of light on the
screen (wall, in my case). I used the
HDMI cable to connect it to my laptop
and DTH set-top box and that was
straightforward too. Place the projector
anywhere between roughly three and
five meters from your screen and you
should be able to get a cool 100-inches
of action. The back of the device has the
various input ports — two HDMI ports,
VGA port, USB, and an audio port as
well, if you want to connect audio
enhancements. The power-in is kept
conveniently below the AV ports.
The TW6700 has 1080p full HD
resolution and the picture quality was
very good and lucid. Epson claims a
70,000:1 contrast ratio, and while there
was no way to measure that actual
number, the quality of display was
some testimony to it. The best
part about the display was
that there was no need to
darken the room to watch
it. The brightness ensured
that the picture quality
was consistent even in a
well-lit room. However,
whites and bright visuals
can come across as a little
jarring on the eye,
especially in dim set-ups,
which are mostly the case
when watching movies.
There are two dials on the
top of the projector that let you
adjust the picture on the screen
horizontally and vertically. There is also
an automatic colour optimiser that
senses the ambient light and chooses
the apt colour mode for you, something
that I found handy. The TW6700 comes
with a remote control with functions
laid out quite easily for you to grasp
and use.
Built-in speakers
The projector comes with two 10W
stereo speakers that are in-built. This is
very useful, given how I
did not have to connect external
speakers and my job was done by just
plugging-in the HDMI cable. Now,
whether these speakers fit the bill for a
fully immersive movie experience is a
relative aspect. I found them fine, at
moderate volume levels in quite large a
living room. But if you want something
akin to what you hear and feel in a
movie hall, the company has provided
an audio port as well. It is also equipped
with Bluetooth connectivity, so you can
pair your
Bluetooth speakers or
soundbars to it too.
Heat dissipation was eicient, with
the vent located on the front of the
projector, next to the protruding lens.
This means that placing it in a shelf or
other similar enclosed spaces won’t
pose a problem. Epson claims a lamp
life of 3,000 hours, extendable to 5,000
by using the Eco mode. Using Eco mode
also reduces power
consumption, bringing it
down to 279 W from the
regular 364 W, according
to the company. (Again,
something I could not
measure.)
The TW6700 is 3D
capable and though I
could not test this feature,
purchasing the HD 3D
glasses along with the
projector is an option. It is also
capable of converting 2D to 3D.
It also supports devices such as a
USB memory stick. So you can view
pictures even without having to
connect your laptop.
Overall, this is a simple, yet feature-
packed home entertainment ofering
from Epson and if the price isn’t an
issue, is worth being considered.
Price: ₹1,29,759
Pros: Picture quality, easy set-up,
built-in speakers, can be used in
bright rooms
Cons: Very bright images can be
jarring

CM . ...... . . ...CH-X
YK
CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 POLITICS 11

QUICKLY
Seeking divine guidance The Bihar Chief
Minister Nitish Kumar plays a holy drum at
Buddha Smriti Park on the occasion of Buddha
Purnima in Patna on Wednesday RANJEET KUMAR
Apex court hearing on triple talaq
New Delhi, May 10
The Supreme Court will commence hearing
from Thursday on a batch of pleas challenging
the constitutional validity of ‘triple talaq’,
‘nikah halala’ and polygamy practices among
Muslims. A five-judge Constitution Bench
headed by Chief Justice J Khehar will
commence hearing on seven petitions,
including five separate writ petitions filed by
Muslim women, challenging the practice of
triple talaq prevalent in the community and
terming it unconstitutional. PTI
Lalu refuses comment on court order
Patna, May 10
RJD President Lalu Prasad on
Wednesday refused to
make any comment on the
Supreme Court order asking
him to face separate trials in
each of the cases related to
the multi-crore fodder scam
in which he is an accused. “My lawyers will
speak on the issue,” he said in reply to a
question by reporters.. Of the 64 cases arising
from the scam, Yadav has been named as
accused in six cases and he has already been
convicted in one of the case involving
fraudulent withdrawal of ₹37.70 crore from
Chaibasa treasury during 1994-1995. At
present, Prasad is out on bail. PTI
Sena slams BJP on loan waiver issue
Mumbai, May 10
Slamming Maharashtra BJP chief Raosaheb
Danve for seeking a guarantee from Opposition
that loan waiver will stop suicide by farmers,
ruling ally Shiv Sena on Wednesday said it
showed he has no sympathy for farmers.
Danve, while talking to reporters, asked the
Opposition to “give in writing” that a loan
waiver would stop farmers’ suicides in
Maharashtra. The Opposition NCP and
Congress had last month organised a state-
wide ‘sangharsh yatra’ campaign seeking farm
loan waiver. The Sena too had supported the
waiver demand. PTI
Prez poll: Jagan to back BJP candidate
New Delhi, May 10
YSR Congress Party President YS Jagan Mohan
Reddy on Wednesday said his party will offer
support to any candidate that the BJP fields for
the upcoming Presidential election. He told
this to Prime Minister Narendra Modi during a
meeting with him which lasted for over half an
hour at the latter’s official residence here. “We
will support any candidate the BJP fields as we
have very less difference in opinion. Except for
differences on the land acquisition Bill and
special status for Andhra Pradesh, we share
similar opinions on various issues which we
think are pro-people,” Jagan said. PTI
Unfazed by desertion and protest, AAP
ups the ante against EVM tampering
Party to stage demo outside Election Commission
demanding paper-trail voting machines
OUR BUREAU/AGENCIES
New Delhi, May 10
The Aam Aadmi Party (AAP)’s
state unit witnessed desertion
and its former minister in Delhi,
Kapil Mishra, was attacked while
protesting against AAP supremo
Arvind Kejriwal’s alleged corrup-
tion even as the party continued
its attack on Electronic Voting
Machines (EVMs) on Wednesday.
After its live demonstration on
the floor of the Delhi Assembly
on Tuesday to prove that EVMs
were rigged by the BJP to win
successive elections, AAP an-
nounced it will stage a demon-
stration outside the Election
Commission oice to demand
that Voter-Verifiable Paper Audit
Trail (VVPAT)-equipped voting
machines be used in all future
elections. AAP will participate in
the all-party meeting called by
the Commission on Friday to dis-
cuss the EVM tampering issue.
Meanwhile, the party was hit
by the desertion of former con-
venor of its Punjab unit, Gur-
preet Singh Waraich, who
resigned from the primary mem-
bership of AAP unhappy with the
Is India’s political start-up flaming out?
ANALYSIS
VIRENDRA PANDIT
Ahmedabad, May 10
Think Aam Aadmi Party (AAP),
think start-up. And, the country’s
first political start-up seems to
be going the way of the many
fledgling outfits that started
with a bang, got generously fun-
ded, and, just when things
seemed to be gong well, tried to
expand recklessly only to flame
out.
When Arvind Kejriwal & Co
launched the AAP in November
2012, after waging a ‘war on cor-
ruption’ on the Anna Hazare
platform, many thought it was
one-of-kind political party: un-
structured, tech/social-media-
savvy grouping mainly of youth
who shunned ‘traditional’ and
expensive ways of political
communication.
Kejriwal, and the AAP, also at-
tracted many professional dis-
sidents, perpetual rebels-
without-causes, activists, PIL-
pushers and daily agitators — the
politics equivalent of seed capit-
alists and angel investors — to
propel the party. Anna Hazare, et
appointment of Sangrur MP
Bhagwant Mann as the new state
unit chief.
He said the entire process of
appointing the new state chief
was “fake and unfair” and said
the party adopted a “pick and
choose policy” while inviting
members for the election to the
post.
“I’m resigning from the
primary membership with a
heavy heart. For Punjab,
whatever needs to be done, I will
do, but this party has deviated
from its principles and it has be-
come diicult for me to con-
tinue,” Waraich told reporters in
Chandigarh.
Ex-Minister’s charge
In Delhi, former AAP Minister
Kapil Mishra, who has filed com-
plaints against Arvind Kejriwal
and almost all top leaders of AAP
on multiple charges of corrup-
tion, started an indefinite
dharna against his former
bosses.
While sitting on a protest,
Mishra was attacked allegedly by
an AAP supporter who was later
al., provided the incubator for
this IIT-graduate entrepreneur,
for whom social issues like cor-
ruption, ineiciency in gov-
ernance and lack of political
credibility became the raw ma-
terial for his political product.
Media became his medium as
well as the message and
provided him the last-mile con-
nectivity to the end-user.
Kejriwal’s growth
Indeed, after he first took oath as
the Delhi Chief Minister in
December 2013, a youthful Kejri-
wal had almost completely ec-
lipsed the older but energetic
Narendra Modi in the media.
Modi found himself out of the TV
channels for over two months.
Perhaps, for the first time in In-
dia, a State Assembly’s proceed-
ings were telecast live the whole
day on national TV networks
when Kejriwal struggled, unsuc-
cessfully, to cobble together a
majority in the Vidhan Sabha.
But along the way, the AAP ap-
pears to have regressed into the
classical political mould, antag-
onising many of its ‘promoters’,
not sticking to its core compet-
ence of anti-corruption, and all
AAP leaders (from left) Sanjay Singh, Somnath Bharti and Gopal Rai at a
news conference in New Delhi on Wednesday SHIV KUMAR PUSHPAKAR
AAP’s former convener of Punjab, Ex- AAP Minister Kapil Mishra sits
Gurpreet Singh Waraich, in protest at his residence
announces his resignation
taken into custody by the police. the live demo in the Delhi As-
Kejriwal has not ofered any ex- sembly, AAP leader Gopal Rai an-
planation on Mishra’s charge nounced that its Delhi MLAs and
that he saw the AAP supremo ac- senior leaders will hold a protest
cept a bribe of ₹2 crore. rally titled “Save Democracy
At the same time, AAP has in- Movement” in front of the EC of-
tensified its anti-EVM campaign, fice on Thursday.
asserting that it is the main issue Rejecting the EC’s assertion
confronting the country. After that EVMs cannot be manipu-
happened in Punjab and Goa
first, and recently, in the New
Delhi municipal elections again.
Usually, after a start-up finds
its feet, angel investors exit and
promoters take over the reins. In
the case of AAP, too, many of the
original promoters exited, leav-
ing Kejriwal a clear field — there
was neither any dissent within
nor did he have to carry the bag-
gage as the nation’s ‘conscience
keeper’. Only, this does not bode
Arvind Kejriwal
well for a democratic political
but turning into a bania party. outfit.
Thus, while the Modi-led BJP
appeared a traditional party led No opposition
by an unconventional leader, the Kejriwal, as AAP Convener, had
AAP became an unconventional the flexibility to shoot and scoot
party led by a ‘traditional’ leader. and ride roughshod over party-
In May 2014, when Kejriwal men — a luxury not available to
lost and the AAP won four Lok those heading well-structured
Sabha seats, few believed that conventional parties. He was at
the party would bounce back. once the government and the
But it did come back with a bang, party. He expelled long-term al-
winning 67 of the 70 Delhi As- lies like Prashant Bhushan and
sembly seats and forming the academic Yogender Yadav,
State government. killing the other view.
Having weathered various The bania-takeover was com-
political quakes and aftershocks, plete as power vested, besides
AAP seemed to have found its Kejriwal, with others like
feet. But not for long. It started to Surendra Jain, Ashutosh (Gupta),
crumble, having lost market cap- and Aashish Khaitan.
italisation outside Delhi. This So, what now for the start-up?
lated, Rai said, “The Commission
in its response said we used a
dummy and not an actual ma-
chine in yesterday’s demonstra-
tion. We request the EC to
arrange a hackathon. We will
show how its own machines can
be rigged.”
Apart from demanding that
VVPAT-equipped EVMs be used in
future elections, APP will ap-
proach the EC with the request
that votes registered in EVMs and
paper trails of 25 per cent ran-
domly picked booths be tallied,
Rai said.
Gathers support
On this issue, AAP seemed to
have gathered the support of
some activists and other parties.
Tehseen Poonawalla, who calls
himself a Congress supporter,
and Election Watch convenor VV
Rao sought answers to 21 ques-
tions from the Election Commis-
sion, in a bid to ensure a
transparent poll process.
“EVMs can be tampered with
in several ways. Why doesn’t the
Commission open up this chal-
lenge for international hackers,
media and election commission-
ers of foreign democracies to
witness,” Poonawalla asked dur-
ing a press briefing here.
UP transfers two top cops in
Saharanpur after caste clash
OUR BUREAU
New Delhi, May 10
Caste violence simmered with
cases of stone-pelting and clashes
in Uttar Pradesh, even as the State
Government on Wednesday trans-
ferred top police oicials in
Saharanpur.
Superintendent of Police (City)
Sanjay Singh and SP (Rural) Rafeeq
Ahmed were transferred out of
Saharanpur and Prabal Pratap
Singh and Vidya Sagar were ap-
pointed in their place a day after a
police post was burnt and over 20
vehicles torched in Saharanpur.
Meanwhile, tension gripped in
Rashid Ghar village in neighbour-
ing Shamli district following the
alleged desecration of a statue of
Dalit icon BR Ambedkar. The incid-
ent was reported on Tuesday when
the locals spotted the damaged
structure under Thana Bhawan
police station area in Shamli dis-
trict, Circle Oicer Sunil Tyagi said.
A police team was rushed to the
spot after hundreds of people pro-
tested against the incident. He
said a case has been registered
against unidentified miscreants.
Security has been tightened in the
area, police added.
AAP expels
senior leader
Upkar Sandhu
PRESS TRUST OF INDIA
Chandigarh, May 10
Aam Aadmi Party on Wednesday
expelled its senior leader from Am-
ritsar Upkar Singh Sandhu over al-
leged anti-party activities, a day
after he criticised the decision to
make Sangrur MP Bhagwant
Maan, the party Punjab unit chief.
Sandhu, who had unsuccess-
fully contested for Amritsar Lok
Sabha seat by-poll, had opposed
the decision of the party high com-
mand to appoint Mann as the con-
venor for the party’s Punjab unit.
Sandhu has been expelled for
his activities against the party,
Mann said in a statement.
Sandhu had resigned from SAD
on October 24 last year, to protest
sacrilege incidents in the State. He
had joined the party back a month
later. Before joining AAP, Sandhu
had defected to the Congress from
SAD.
Yesterday, Sandhu had con-
demned the party high com-
mand’s move appointing Mann as
the state chief saying that it would
lead to conflict among volunteers.
Sandhu said that AAP high com-
mand should consider appointing
MLA Sukhpal Singh Khaira as
party’s state chief.
Earlier on Monday, in a meeting
chaired by Delhi Chief Minister
Arvind Kejriwal, the AAP had ap-
pointed Mann as the convener and
party MLA from Sunam, Aman
Arora, as the co- convener.
In Saharanpur, there has been
violence and clashes between
Thakurs and Dalits since May 5
with instances of stone pelting
and clashes followed by torching
of a police post and over 20
vehicles on Tuesday.
It started on May 5 in Shab-
birpur village of Saharanpur dis-
trict after the Dalits objected to
loud music being played by Thak-
urs in a procession. A Thakur man
was killed and 25 Dalit homes
burned while caste slurs were ex-
changed over the social media. A
call for a massive gathering of Dal-
its was made under the aegis of
Bheem Army. They asked for a
Dalit “mahapanchayat” to be held
against the violence committedin
Shabbirpur.
Accordingly, on May 9 a crowd
of over a thousand people, mainly
Dalits mobilised under the banner
of Bheem Army. .
Senior Superintendent of Police
Subhash Chand Dubey said the
district administration had not
permitted any such gathering. Po-
lice acted against the people
gathered for the ‘mahapanchayat’
which led to tension and a stam-
pede-like situation.

BSP’s Muslim face Naseemuddin, son expelled
PRESS TRUST OF INDIA
Lucknow, May 10
The BSP on Wednesday ex-
pelled its Muslim face
Naseemudin Siddiqui and
his son from the party for
carrying out “anti-party”
activities, prompting the
sacked MLC to hit back at
party supremo Mayawati.
Hours after he and his son
Afzal were shown the door
by the party, Naseemuddin
said, “Whatever charges have
been levelled against me, ap-
plies to her (Mayawati) and I
can prove those with
evidence”.
BSP General Secretary and
Naseemuddin Siddiqui
Rajya Sabha member SC
Mishra said, “Naseemuddin
and his son Afzal have been
expelled from the party. He
has a partnership in a num-
ber of slaughter houses and
‘benami’ properties in his
name. He also took money
during assembly polls due to
which party had to sufer
defeat”.
He also alleged that Nas-
imuddin used to “accept
money” from people in re-
turn for work and added that
the “BSP will not tolerate
such indiscipline”.
Naseemuddin, who hails
from Banda, was earlier re-
moved as the party in-charge
of Uttar Pradesh and was ap-
pointed as the the MP unit
in-charge after the assembly
poll debacle.
Holding Mayawati’s
“wrong policies” responsible
for BSP’s poor performance
in 2009 and 2014 (Lok
Sabha), 2012 and 2017 (UP As-
sembly), Naseemuddin al-
leged that the BSP chief lev-
elled “false and misleading”
allegations against Muslims
and also made objectionable
comments against them, es-
pecially in the 2017 polls.
Meanwhile, taking a jibe at
the expulsion of Naseemud-
din, BJP alleged that he was
merely playing the role of a
“cashier”, while the real
“trader of Dalit votes” was
Mayawati. The Samajwadi
Party and Congress, however,
termed the expulsion as “an
internal matter of the BSP”.
BJP’s Panaji MLA resigns, paves
way for Parrikar to contest
PRESS TRUST OF INDIA
Panaji, May 10
The BJP legislator from Panaji
constituency, Siddharth Kun-
calienkar, resigned from his
seat on Wednesday, paving
the way for Chief Minister
Manohar Parrikar to contest
the by-election and enter the
Goa Assembly.
Kuncalienkar submitted
his resignation to Assembly
Speaker Pramod Sawant in
the presence of BJP’s Goa unit
chief Vinay Tendulkar.
Tendulkar said the party
has asked Kuncalienkar to va-
cate the seat to allow Parrikar
to contest from there.
“It was the party’s decision
that Kuncalienkar should va-
cate his seat. The decision was
conveyed to him last night,”
he said.
Parrikar took over as Chief
Minister in March after
resigning as Defence Minister,
after the BJP, which failed to
get a majority on its own, suc-
ceeded in cobbling together a
coalition with the support of
regional outfits.
He has to get elected to the
Assembly within six months
for continuing as the Chief
Minister.

Militants abduct, kill Kashmiri Army officer

INDO ASIAN NEWS SERVICE
Srinagar, May 10
Militants abducted and
killed a 22-year-old Kash-
miri Army oicer when he
had gone to attend a fam-
ily wedding in Shopian dis-
trict, oicials said on Wed-
nesday.
Defence Minister Arun
Jaitley has called it an act
of cowardice and the Army
has vowed to bring those
responsible to justice.
The bullet-riddled body
of Lieutenant Ummer
Faiyaz, who was posted
with the Rajputana Rifles
unit in Aknoor, was found
in south Kashmir’s
Shopian on Wednesday.
Faiyaz was on leave and
visiting his native place in
Kulgam to attend a mar-
riage in his family. He was
kidnapped by militants
late on Tuesday evening
from Kulgam town, an oi-
cial said.
Faiyaz had passed out
from National Defence
Academy, and was to go for
the Young Oicers’ Course
in September this year.
He was commissioned
in the Army in December
2016.
“In a dastardly act some
unidentified terrorists on
Tuesday abducted and
then killed a young, un-
armed army oicer, Um-
mer Faiyaz,” Defence Min-
istry spokesman Colonel
Rajesh Kalia said.
Jaitley said the govern-
ment shared the grief of
the family, adding that
Faiyaz will continue to in-
spire youth in the valley.
“Abduction and murder
of Lieutenant Ummer
Faiyaz by terrorists in
Shopian is a dastardly act
of cowardice. This young
oicer from Jammu and
Kashmir was a role
model,” Jaitley said in a
tweet.
Colonel of the Ra-
jputana Rifles, and General
Oicer Commanding in
Chief of the South Western
Command Lt. Gen. Abhay
Krishna said the perpetrat-
ors will not be spared.
Advisory issued
An advisory was earlier is-
sued by the state police
asking its personnel not to
visit ancestral homes, es-
pecially in south Kashmir
areas till urther orders.
There has been a spike in
militant activity in most
districts of south Kashmir
including Pulwama,
Shopian, Anantnag and
Kulgam. Jammu and Kash-
mir Chief Minister Me-
hbooba Mufti, while con-
demning the killing, said,
“what was more painful to
note is that the young of-
ficer had come home on
vacation where he was at-
tending the marriage of
his cousin.”
Congress Vice-President
Rahul Gandhi also con-
demned the killing and
said those who tried to de-
feat what the slain army of-
ficer Ummer Fayaz stood
for, would be themselves
defeated.
Former Chief Minister
Omar Abdullah also con-
demned the incident and
said the situation was
“very sad and alarming”
which needed an urgent
attention from the Centre.

CM . . .... . . ...CH-X
YK
 downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams CHENNAI

12 MARKET WATCH BusinessLine

THURSDAY • MAY 11 • 2017

QUICKLY
Investors dial into Airtel’s expanding customer base
Stock soars 8% despite fourth quarter net profit
tumbling 72% on finance and other costs
BAVADHARINI KS
BL Research Bureau
The stock of Bharti Airtel, India’s
largest telecom player by sub-
Most end higher Asian stock markets logged scriber base, rallied 8 per cent to
moderate gains on Wednesday after Wall Street close at ₹372 on Wednesday des-
closed mixed as investors assessed implications pite the tepid March quarter res-
of political events around the world AP ults.
Palred gets nod for share allotment ANALYSIS
Chennai, May 10
While strong competition and
The board of Palred Technologies on Wednesday
predatory pricing of new
approved allotment of 15.19 lakh shares of ₹10
entrant Reliance Jio dragged the
each at ₹145 apiece, to non-promoter groups.
performance of the company, ex-
The company had earlier received approval from
pansion of the customer base
its shareholders and the exchanges for the
during the quarter is being
allotment. The allottees include Ashish Dhawan,
viewed as a positive by market
Passage to India Master Fund, Mathew Cyriac,
participants.
Madhavan Kunniyur and Palaniappan
The company reported a 72 per
Chidambaram. The company has raised ₹22 crore
cent decline in net profit in the
through the preferential issue. Shares of Palred
March quarter of this year com-
gained 0.7 per cent at ₹142 on the BSE. OUR BUREAU
pared to the corresponding pre-
maximum number of custom- cent, 10 per cent, 9 per cent and with net debt of ₹91,399 for the
ers, registering an increase of 21 13 per cent, respectively. In order March 2017 quarter, up from
per cent for the current quarter. to meet future data needs of cus- ₹83,510 crore in the same period
The customer base in the other tomers, the company stepped up previous year. However, these ac-
vious quarter due to increase in segments such as home services investment in data in the March quisitions have helped the com-
finance costs and regulatory and and digital TV also registered a quarter; it installed 1,90,860 mo- pany hold the highest spectrum
litigation levies. growth of 8.4 per cent for the bile broadband base stations, capacity per site in the industry.
Sustained free services in voice March 2017 quarter. about 62 per cent higher than in Going ahead, Bharti Airtel
and data ofered by Reliance Jio Additions to the subscriber the same period last year. would be in a position to main-
resulted in customer migration, base have, however, not helped tain its pricing advantage in the
hurting Bharti Airtel’s revenues, revenue. Outlook market when Reliance Jio in-
which declined 12 per cent year- The average revenue per user The company’s acquisition of creases its cost of services to sur-
on-year in the March 2017 (ARPU) in both voice and data de- increased 53 per cent to 225,109 Tikona’s 4G business in the 2,300 vive and grow. Although for the
quarter. The impact was mainly clined 17 per cent in the fourth MB for the same period but the Mhz band will help provide short term there would be ARPU
on Airtel’s mobile services that quarter of 2017 due to sharp cuts data ARPU now stands at ₹162, faster data connectivity and compression, the potential for
declined 11 per cent. The increase in tarif. Voice ARPU fell to ₹114 down from ₹192 in March 2016. meet the increased demand for long-term growth is good for the
in advertising and network oper- for the March quarter from ₹138 The ARPU of home services also data. Similarly, the acquisition of company.
ations saw operating profit de- in the same quarter of the previ- declined 7 per cent to ₹1,064, and Telenor India will enable the
cline 13 per cent to ₹7,993 crore. ous year. However, the voice that of digital TV services fell 0.7 company to fill the network con- Govt move likely to help
minutes charged increased 24 per cent to ₹228. nectivity gap in certain circles Cost pressure could ease for the
Customer base rises 9% per cent to 3,81,236 minutes in Bharti Airtel’s non-mobile In- such as Gujarat, UP and Assam. company if the committee
The overall customer base of the the March 2017 quarter. dia services such as home ser- This should further augment the formed by the Centre to look
company improved about 9 per vices, digital TV services, Airtel customer base of Bharti Airtel. into the financial situation of tel-
cent in the March quarter over Data usage jumps business and tower infrastruc- The recent spectrum acquisi- cos addresses issues such as the
the corresponding period of the Similarly, data usage has also re- ture services recorded strong tion along with the spectrum ac- heavy tax structure, spectrum
previous year. Under data, the corded a jump. Total mega bytes performance in this quarter wit- quired in the auction of October charges, licence fees and cost of
broadband segment added the (MBs) consumed on the network nessing revenue growth of 3 per 2016 has loaded the company spectrum.

Crystal Crop plans IPO early in 2018

New Delhi, May 10
Agro-chemicals firm Crystal Crop Protection
expects 20 per cent increase in turnover this fiscal
at about ₹1,600 crore and plans to launch an
IndiGrid to use InvIT funds
to invest in SPVs, retire debt
Sundaram Mutual
launches five-year InvITs ‘to help sponsor firms
deleverage ₹13,000-cr debt’
initial public offer in early 2018 to raise funds for
expansion. The company plans to file the draft red equity fund
herring prospectus (DRHP) by the end of this year, Sterlite unit sets 10,205 units and thereafter in mul-
Managing Director Ankur Aggarwal said. The tiples of 5,103 units. COGENCIS
national capital-based firm will launch four
price band at The investment will be made in Mumbai, May 10

products in the market before start of the kharif ₹98-100/unit
sowing season, which will help the company
grow faster this fiscal, he added. “We will file the OUR BUREAU
prospectus by the end of this year. SEBI takes Mumbai, May 10
two-threemonths to clear the DRHP. Once we get India Grid Trust (IndiGrid), an In-
the approval, the January-March quarter is the frastructure Investment Trust (In-
right time to enter the market. There is an intent, vIT) sponsored by billionaire Anil
we will see how it goes,” Aggarwal said. PTI Agarwal-promoted Sterlite Power
Grid Ventures (SPGV), will invest
the proceeds in the initial projects
of its two special purpose vehicles
(SPVs). The company, according to
SEBI regulations, will use nearly
₹1,600 crore to repay project
loans.
SPGV, which had fixed a price
band of ₹98-100 a unit for its pro-
posed initial share sale, is now
planning to raise ₹2,250 crore
through the InvIT, making it the
first issue by an Indian power sec-
tor firm. The InvIT will open on
May 17 and close on May 19. Bids
can be made for a minimum of
two SPVs — Bhopal Dhule Trans- Sundaram Mutual Fund on Wed- Ind-Ra report says velopers — its consolidated ex- X
W
mission Company and Jabalpur nesday launched Sundaram Micro ternal debt would amount to InvITs and masala bonds
Transmission Company — which Cap — Series XV(five years), accord- infra companies will ₹770.45 crore by the end of the cur- have emerged as options,
have a total of 1,936 cubic km ing to a notice on the fund house’s be able to refinance rent fiscal. Post receipt of subscrip- and the current low-
(ckm) and two sub-stations with website. tion proceeds, analysts expect IRB interest regime is
6,000 MVA of transformation ca- The close-ended equity scheme residual debt cheap to deleverage around 77.5 per cent favourable as much for
pacity, said Pratik Agarwal, CEO, will close for subscription on May of its ₹3,513-crore debt. InvITs as for the bond
IndiGrid. 24. KSENIA KONDRATIEVA Another listing — of India Grid market, say Ind-Ra analysts
An independent power trans- It will invest at least 80 per cent Mumbai, May 10 InvIT promoted by Sterlite Power
mission company, SPGV owns 11 of the corpus in equity and equity- The first four infrastructure invest- Grid Ventures (SPGV) — is sched-
inter-State power transmission related securities of micro-cap ment trusts (InvITs), which are uled for May 17. Reliance Infra- InvITs and masala bonds have
projects with a total network of 30 companies, and the remaining up likely to hit the primary market in structure and IL&FS Transporta- emerged as options, and the cur-
power transmission lines of about to 20 per cent in other equity, in- the current fiscal, could reduce the tion Networks (ITNL) are among rent low-interest regime is favour-
7,733 ckm and nine sub-stations cluding investments in derivatives overall debt of sponsor groups by other companies that are likely to able as much for InvITs as for the
with 13,890 MVA transformation of large-caps, and fixed income around ₹13,000 crore, providing deleverage by using the InvIT bond market, note Ind-Ra ana-
capacity. Many of these projects and money market securities. cash flow relief to the stressed in- route this year, according to the lysts.
have been fully commissioned, The minimum subscription for frastructure sector, India Rating Ind-Ra report. At the same time, going the In-
while others are at various stages investing in the fund is ₹5,000 and Research (Ind-Ra) has projec- vIT route will not only enable infra-
of development. and in multiples of ₹10 thereafter. ted. Low interest regime structure developers deleverage
InvITs, like mutual funds, en- The fund is benchmarked to the Ind-Ra estimates that post the As bank financing for infrastruc- their balance sheets, but also refin-
able individuals to pool invest- S&P BSE Small Cap Index. IRB InvIT issue — the first infra- ture has been on a decline, in- ance the remaining debt (poten-
ments in the infrastructure sector S Krishnakumar and Dwijendra structure trust launched in India vestors and developers in the sec- tially ₹3,600 crore) at a lower cost
and earn a return on the income Srivastava are fund managers to and promoted by toll-road de- tor were looking for alternative since deleveraging will improve
(after deducting expenditure). the issue. veloper IRB Infrastructure De- sources of funding. the coverage metrics of the SPVs.

DAY TRADING GUIDE Rural sector-focussed stocks rise on good monsoon forecast
9419 • Nifty 50 Futures
S1 S2 R1 R2 COMMENT FMCG stocks have logical Department’s forecast X
W such as Gruh Finance, M&M Fin- strengthen the rural economy. biggest beneficiaries as most of
9380 9330 9440 9480 Initiate fresh long positions with a of a normal monsoon with 100 High agri output as a ancial Services, Repco Home With good rainfall this year, we them derive significant busi-
tight stop-loss only if the contract been laggards in per cent rainfall raised the pro- result of copious rains Finance and Bajaj Finance, believe the economy will con- ness from rural India and many
moves beyond 9440 levels the rally so far spects of better farm output will bring down their which have greater presence in tinue to see higher farm output are dependent on agriculture
and higher economic growth. raw material cost, the hinterland, also gained which will ease inflation wor- to meet their raw material re-
₹1551 • HDFC Bank PRIYA KANSARA Stock prices of companies making them more from the strong momentum. ries further,” said Vaibhav quirement.
S1 S2 R1 R2 COMMENT
Mumbai, May 10 such as Maruti Suzuki, Hindus- competitive Agrawal, Head of Research, An- High agri output as a result of
1540 1526 1560 1572 Fresh long positions can be initiated Shares of companies depend- tan Unilever, Rallis India, Nestle Inflation worries to ease gel Broking. copious rains will bring down
with a fixed stop-loss if the stock ent on the rural economy — fast- India, Britannia Industries, EID Many of these stocks touched Rural India-related stocks, es- their raw material cost, making
rebounds up from ₹1540 levels
moving consumer goods, fertil- Parry, Balrampur Chini, Marico, Rashtriya Chemicals & Fertil- new 52-week or all-time highs pecially of FMCG companies, them more competitive. Con-
₹943 • Infosys isers, sugar, tractors and non- GlaxoSmithKline Consumer, isers, Fertilisers & Chemicals on Wednesdayon the NSE. have been laggards in the cur- sumer durable companies
S1 S2 R1 R2 COMMENT banking finance companies — Dabur India, Emami, M&M, Es- Travancore, Nagarjuna Fertil- “Last year, we had a normal rent market rally, as Bharat was (higher demand) and banks
935 924 955 965 Consider initiating fresh long caught investor fancy on Wed- corts, Coromandel Interna- isers and National Fertilisers monsoon season, which helped worst hit by demonetisation. (less scope of farm loan waiver
positions with a stiff stop-loss if the nesday after the India Meteoro- tional, Chambal Fertilisers, jumped 2 to 7 per cent. NBFCs softenfood inflation and FMCG companies will be the or NPAs) will also gain.
stock reverses higher from ₹935

₹273 • ITC
S1 S2 R1 R2 COMMENT NSE Futures
271 269 277 280 Initiate fresh long positions with a
Qty Qty Qty Qty
fixed stop-loss only if the stock of Type-Exp-Stk.Pr Open High Low Close Type-Exp-Stk.Pr Open High Low Close Type-Exp-Stk.Pr Open High Low Close Type-Exp-Stk.Pr Open High Low Close
Vol OI Vol OI Vol OI Vol OI
ITC rallies above ₹277 levels
Banknifty-May 22800.00 22878.50 22770.30 22860.90 53021 3771.12 Centurytex-May 1191.00 1198.80 1175.55 1188.10 6851 8183.45 ICIL-May 206.45 208.25 201.85 204.85 1563 12516.00 RCOM-May 32.60 34.05 32.40 33.30 4150 110232.00
₹187 • ONGC Nifty-May 9359.35 9424.50 9357.95 9419.20 111474 20665.35 CESC-May 980.35 998.65 977.65 992.55 3388 9244.40 IDBI-May 79.95 81.20 77.55 78.05 4489 40760.00 Recltd-May 222.65 223.40 218.35 219.55 2576 31194.00
S1 S2 R1 R2 COMMENT Nifty-Jun 9362.00 9421.00 9359.00 9416.45 4561 1431.00 Cgpower-May 84.25 90.25 84.25 89.30 3680 19428.00 IDEA-May 86.30 92.10 85.85 90.85 8396 69762.00 Relcapital-May 690.25 693.90 683.45 686.25 8615 11992.50
Abirlanuvo-May 1694.55 1712.20 1677.65 1695.80 1618 3458.40 Cipla-May 555.35 563.05 552.50 561.55 1864 6977.00 IDFC-May 64.95 65.95 64.15 64.45 2570 97627.20 Reliance-May 1340.05 1363.80 1337.55 1359.45 22893 17277.00
185 182 190 193 Faces a key resistance ahead. Go ACC-May 1704.20 1712.55 1683.00 1698.75 2292 1492.80 Coalindia-May 279.60 280.30 278.00 279.00 1592 18577.60 Idfcbank-May 65.25 66.35 65.25 65.45 2526 96432.00 Relinfra-May 600.05 601.70 593.30 597.05 5843 11111.10
Adanient-May 118.75 124.15 118.50 123.05 1736 26336.00 Dabur-May 274.15 284.25 274.15 283.65 1987 11912.50 Indiacem-May 209.95 215.90 207.65 215.15 5469 23810.50 SAIL-May 60.90 61.60 60.90 61.40 1814 86076.00
long on a strong rally above ₹190 Adaniports-May 348.05 353.60 346.60 352.25 3737 9675.00 Dalmiabha-May 2417.95 2426.55 2350.00 2376.90 1789 997.20 Indianb-May 349.30 362.50 348.60 354.60 2397 2674.00 SBIN-May 297.95 298.70 293.55 295.55 9768 65133.00
ALBK-May 88.30 88.55 86.70 87.55 2139 15810.00 DHFL-May 439.05 446.30 438.35 443.20 4840 22236.00 Indigo-May 1134.40 1140.00 1105.85 1126.85 4429 1944.60 Siemens-May 1461.45 1471.95 1440.75 1462.90 2738 941.50
levels with a stiff stop-loss Amarajabat-May 886.00 906.50 886.00 903.70 2261 1918.20 Dishtv-May 95.80 96.95 91.80 92.65 2941 23443.00 Indusindbk-May 1429.00 1435.95 1422.80 1433.75 2044 7266.60
Sintex-May 116.50 117.10 114.80 115.55 1761 42001.88
Ambujacem-May 258.65 261.10 255.70 260.25 3405 16980.00 Divislab-May 636.15 645.35 635.80 639.95 2165 9750.00 INFY-May 955.15 955.15 941.75 947.85 5911 28352.00
Apollohosp-May 1280.00 1310.55 1278.05 1305.40 1411 1910.00 DLF-May 200.75 201.50 196.55 200.05 8302 31805.00 IOC-May 445.00 445.00 436.65 441.75 2995 14575.50 Srtransfin-May 1012.55 1023.80 1010.00 1015.35 1432 2708.40
₹1359 • Reliance Ind. Apollotyre-May 236.00 236.85 229.30 232.60 3564 13533.00 Drreddy-May 2601.35 2636.80 2586.95 2608.75 5065 2966.60 ITC-May 273.55 276.55 273.10 274.65 3858 49336.80 Sunpharma-May
Suntv-May
642.95
876.05
647.50
876.05
638.40
856.80
643.25
864.60
4227
2598
26880.00
6929.00
Arvind-May 423.50 423.95 419.00 421.40 2244 7216.00 Eichermot-May 27117.45 28018.95 27117.45 27888.65 4222 156.45 Jetairways-May 548.00 548.15 537.45 541.65 2303 5155.00
S1 S2 R1 R2 COMMENT Ashokley-May 83.65 85.90 83.50 85.70 4824 73549.00 Escorts-May 605.90 652.40 604.05 637.35 10201 1674.20 Jindalstel-May 113.55 115.75 113.25 114.70 3136 48883.50 Suzlon-May 20.90 21.60 20.90 21.30 3896 300480.00
Asianpaint-May 1152.55 1183.20 1152.55 1160.35 4643 3288.60 Exideind-May 240.30 248.40 237.75 247.65 4009 15472.00 Jisljaleqs-May 105.50 109.45 105.25 105.65 2490 46602.00 Tatachem-May 641.70 651.30 640.30 645.60 1829 3480.00
1346 1330 1370 1385 Fresh long positions can be initiated Auropharma- Federalbnk-May 119.30 119.75 117.10 117.75 2695 58190.00 Jswsteel-May 193.55 198.95 193.55 197.90 5015 54960.00 Tatacomm-May 654.45 669.00 645.80 663.10 2689 7719.60
May 600.50 622.40 600.50 619.50 12318 15217.30 Fortis-May 214.75 216.05 209.80 210.80 1554 10395.00 Jublfood-May 989.50 991.95 972.50 979.60 1542 1637.50 Tataglobal-May 155.50 156.80 154.35 155.60 1525 32314.50
with a tight stop-loss if the stock Axisbank-May 520.05 529.30 516.95 527.10 20380 38515.20 GAIL-May 423.45 424.55 418.00 419.45 1583 11820.00 Justdial-May 504.45 521.80 504.00 513.75 2852 3034.80 Tatamotors-May 428.75 433.40 425.85 432.70 7988 41412.00
advances above ₹1370 levels Bajaj-Auto-May 2867.25 2909.00 2858.35 2905.35 1588 1093.75 Glenmark-May 866.30 891.70 866.30 888.90 1800 3094.00 Kotakbank-May 912.65 931.70 912.05 928.00 6761 12741.60 Tatamtrdvr-May 265.50 266.45 262.20 264.40 1426 19567.80
Bajfinance-May 1298.25 1335.00 1296.90 1328.80 7576 5181.50 Godrejcp-May 1924.40 1945.00 1863.50 1913.60 2049 566.80 Lichsgfin-May 686.10 699.05 684.85 697.80 5127 6147.90 Tatasteel-May 436.50 440.75 434.70 439.65 10163 36924.00
Balramchin-May 161.00 167.55 161.00 166.80 2524 8158.50 Godrejind-May 572.05 576.50 563.35 566.90 1904 2685.00 LT-May 1758.90 1768.50 1736.80 1743.95 5492 6768.00 TCS-May 2360.20 2361.50 2327.70 2336.75 3413 4894.00
₹294 • SBI Bankbaroda-May
Bankindia-May
187.65
180.65
189.20
182.10
185.70
177.80
186.45
180.55
5147
3402
36907.50
24504.00
Grasim-May
GSFC-May
1177.45
145.50
1183.55
149.30
1159.25
145.10
1171.45
146.25
2322
1774
5619.00
6291.00
Lupin-May
M&M-May
1261.35
1353.65
1276.45
1381.85
1259.05
1349.55
1264.45
1378.20
4099
5101
8659.60
4296.00
Techm-May 428.55 435.45 428.45 431.10 3632 12084.60
Titan-May 468.95 484.00 466.40 483.00 2278 5755.50
S1 S2 R1 R2 COMMENT BEL-May 181.50 186.00 181.50 184.90 2057 21978.00 Havells-May 497.10 506.50 496.95 504.15 2004 4452.00 M&Mfin-May 327.45 337.15 326.80 333.05 2782 11795.00 Ultracemco-May 4431.05 4461.45 4344.45 4383.80 2068 1635.60
BEML-May 1339.00 1374.00 1336.70 1368.75 1914 2791.20 Hcltech-May 845.00 847.50 831.45 836.05 3635 6409.20 Marico-May 304.80 319.00 303.30 317.30 1632 6325.80 Unionbank-May 179.65 180.55 174.00 176.10 6796 23068.00
292 289 297 300 Fresh short positions are Bharatforg-May 1118.20 1136.90 1117.45 1129.35 2912 4027.20 HDFC-May 1533.50 1576.55 1531.60 1573.60 9181 7372.00 Maruti-May 6679.85 6759.90 6669.05 6750.45 6868 1987.05
UPL-May 820.10 829.75 820.05 826.55 2874 10458.00
Bhartiartl-May 341.65 381.10 341.05 372.40 25353 36556.80 Hdfcbank-May 1540.90 1551.80 1537.55 1549.90 8295 31573.00 Mcdowell-N-May 1924.45 1991.00 1909.15 1970.85 4331 3437.25
recommended with a stiff stop-loss BHEL-May 178.25 179.85 176.75 178.00 2902 27095.00 HDIL-May 97.55 97.65 94.50 95.80 1962 30568.00 MRF-May 67050.10 67320.00 66145.35 66261.55 1684 51.54 VEDL-May 227.50 230.30 226.05 229.15 7480 63490.00
Biocon-May 1002.00 1041.65 984.10 1009.40 8342 4263.00 Heromotoco-May 3286.50 3344.00 3285.80 3336.35 3847 1044.00 Niittech-May 498.75 532.60 497.50 530.10 1875 846.00 Voltas-May 430.70 443.50 430.70 441.20 4674 7052.00
if the stock declines below ₹292 BPCL-May 725.55 731.20 723.55 728.95 2691 10947.60 Hindalco-May 187.75 189.30 186.40 187.75 5568 41023.50 ONGC-May 187.10 188.65 186.15 188.15 2025 48198.75 Wipro-May 510.55 512.15 500.95 502.00 1772 11205.60
Britannia-May 3613.15 3725.75 3591.35 3717.50 2241 340.40 Hindpetro-May 530.60 534.35 527.30 531.50 2562 20017.20 Orientbank-May 172.50 175.00 170.20 172.60 1737 15372.00 Wockpharma-
Cadilahc-May 477.35 499.00 468.00 472.45 2979 2910.40 Hindunilvr-May 959.25 1000.65 957.70 997.20 12132 9271.80 Petronet-May 447.10 450.40 433.40 435.45 6201 6301.50 May 682.65 690.90 679.90 683.75 1466 3552.60
₹2332 • TCS Canbk-May 372.15 373.75 362.00 367.65 10085 18143.17 Ibrealest-May 169.00 171.00 166.80 167.75 3223 27040.00 PFC-May 167.85 168.55 165.35 166.60 1910 28788.00 Yesbank-May 1614.65 1619.95 1589.70 1604.75 11454 7242.55
S1 S2 R1 R2 COMMENT CAPF-May 796.90 817.90 785.00 795.75 5911 1373.60 Ibulhsgfin-May 1091.35 1099.00 1077.30 1086.25 3715 12914.40 PNB-May 173.35 174.95 170.25 171.80 7960 47474.00 ZEEL-May 500.40 523.40 499.95 517.60 10716 9826.70
Ceatltd-May 1616.85 1633.50 1596.00 1604.20 5876 2338.00 Icicibank-May 302.15 303.65 298.40 299.55 14194 72235.00 Powergrid-May 209.80 211.40 209.60 210.65 1417 28272.00 Qty: No of Contracts; Vol: Volumes; OI: Open Interest(in 000s)
2310 2290 2350 2370 Near-term view remains positive as
long as the stock trades above
₹2310. Buy with a fixed stop-loss NSE Options
S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2. Type-Exp-Stk.Pr Open High Low Close
Qty
Type-Exp-Stk.Pr Open High Low Close
Qty
Type-Exp-Stk.Pr Open High Low Close
Qty
Type-Exp-Stk.Pr Open High Low Close
Qty
Vol OI Vol OI Vol OI Vol OI

S&P CNX NIFTY [75] AUROBINDO PHARMA LTD [700] PE-May-22600 37.10 39.90 6.65 10.15 193499 628160 CE-May-300 8.50 9.45 6.65 7.15 2678 5962500
CE-May-9100 278.20 329.10 271.45 324.10 4792 794925 CE-May-620 11.95 18.45 11.30 16.50 2105 478100 PE-May-22700 78.85 78.85 18.85 23.80 225579 572200 CE-May-305 5.75 6.85 4.70 5.10 1696 1717500
CE-May-9200 184.35 237.00 183.80 231.45 10001 1333425
TODAY'S PICK CE-May-9300
CE-May-9350
110.05
79.00
154.25
116.00
108.95
78.00
149.20
111.45
93583
15770
2768775
395100
AXIS BANK LIMITED [1200]
CE-May-520 12.95 18.60 10.55 16.85 3869 1659600
PE-May-22800
PE-May-22900
100.00 119.45
154.90 181.35
42.40
85.85
51.25
100.15
175934
40090
624480
146320
CE-May-310
CE-May-320
4.35
1.75
4.85
2.25
3.25
1.50
3.55
1.70
2389
1581
4777500
4222500
CE-May-530 8.65 13.10 6.80 11.85 3708 1267200 PE-May-23000 240.00 259.55 152.05 166.30 6254 82280 PE-May-300 6.50 8.00 5.85 7.55 1805 2182500
CE-May-9400 53.50 84.00 52.35 79.65 214049 4672800 CE-May-540 5.35 9.10 4.45 8.00 3493 1372800 PE-May-22000 17.40 35.00 9.50 10.40 5372 130760 IDEA CELLULAR LIMITED [7000]
Jubilant Industries (₹311.5) CE-May-9450
CE-May-9500
35.00
20.80
56.00
36.00
33.10
20.00
52.75
33.45
35282
202609
866550
6518625
CE-May-550
PE-May-500
3.70
4.50
6.20
5.45
2.95
3.70
5.50
3.90
2204
1511
1255200
1530000
PE-May-22500
PE-May-22600
85.00 90.00
71.00 112.50
49.70
71.00
54.70
75.80
5025
2440
81240
39360
CE-May-90 1.85 4.60 1.60 3.65 1976 2961000
CE-May-9550 11.50 20.65 10.60 18.65 18054 522375 CE-May-95 0.90 2.45 0.80 1.85 1767 2296000
PE-May-510 7.55 8.75 6.00 6.40 2407 1154400 PE-May-22700 144.00 187.70 100.00 105.60 3349 40720
CE-May-9600 5.60 11.45 5.60 10.35 129565 3333225 CE-May-100 0.45 1.25 0.45 0.95 2410 4830000
YOGANAND D bounced up. The daily relative CE-May-9650 2.95 5.50 1.50 4.80 7413 411525
PE-May-520 11.45 13.50 9.20 9.90 1948 865200 PE-May-22800
PE-May-21500
197.15 198.00
23.40 25.15
136.00
19.15
142.80
22.55
2428
16203
31440
621160 MAHINDRA & MAHINDRA LTD [500]
CNX BANK INDEX [40]
BL Research Bureau strength index has entered CE-May-9700
CE-May-9800
2.65
1.30
3.20
1.75
2.00
1.15
2.85
1.50
48577
21149
1556175
975000
CE-May-22500 269.70 343.80 252.85 326.00 2295 51240 PE-May-22000 59.25 63.10 48.90 51.70 18248 913360 CE-May-1400 9.65 19.10 9.65 16.45 1489 145500
CE-May-22600 199.05 251.30 175.00 232.70 10647 110360 PE-May-22400 130.35 133.00 101.00 105.10 2196 69440 MARUTI SUZUKI INDIA LTD. [150]
The stock of Jubilant Indus- the neutral region from the CE-Jun-9400 116.55 146.00 114.95 141.70 5467 521925
CE-May-22700 125.10 172.55 112.00 150.30 64351 256640 PE-May-22500 162.40 162.40 124.45 130.20 14433 501120 CE-May-6700 85.05 127.75 85.05 123.35 1331 100800
CE-Jun-9500 74.50 95.00 72.05 92.75 6446 1194000 PE-May-22600 184.55 192.20 149.25 155.80 3350 84840 CE-May-6800 49.95 76.45 47.60 73.25 1697 84900
tries gained 8 per cent with ex- bearish zone and the weekly CE-Jun-9600 42.85 58.05 41.45 56.25 8468 1038300 CE-May-22800 84.95 106.55 64.80 86.95 216631 513800
PE-May-22700 217.70 229.70 176.40 184.60 3198 86360 RELIANCE COMMUNICATIONS L [12000]
CE-Jun-9700 23.00 32.60 22.40 30.70 6466 941625 CE-May-22900 43.25 59.95 31.05 43.15 229901 663440
traordinary volume on Wed- RSI continues to feature in the CE-Jun-9800 11.70 17.35 11.00 16.50 3884 762900 CE-May-23000 19.80 30.00 13.35 18.80 249941 1045400 PE-May-22800 262.05 270.50 212.50 219.20 3615 79680 CE-May-35 0.65 1.15 0.55 0.90 2364 8028000
CE-May-23100 7.90 13.00 4.70 6.45 196715 727200 PE-May-23000 351.25 376.00 300.00 309.45 4794 107680 RELIANCE INDUSTRIES LTD [500]
nesday. Investors with a neutral region. As the stock is PE-May-8500
PE-May-8600
1.70
2.10
1.90
2.30
1.35
1.95
1.85
2.20
3908
6417
1492425
1140000 CE-May-23200 2.55 4.80 1.65 2.10 120163 447440 BHARTI AIRTEL LIMITED [1700] CE-May-1340 27.95 38.45 27.15 35.25 3739 507500
short-term perspective can reversing higher from a key PE-May-8700 1.25 2.70 1.25 2.50 10330 1352700 CE-May-23300
CE-May-23400
2.35
0.85
2.55
0.95
0.65
0.30
0.80
0.50
40855
18913
448800
134120
CE-May-350
CE-May-360
5.45
2.75
33.00
24.50
5.40
2.75
25.30
17.30
2096
3679
885700
788800
CE-May-1360 18.90 27.80 18.90 25.35 7384 939000
PE-May-8800 3.95 3.95 3.05 3.30 25900 2055075 CE-May-1380 12.55 19.80 12.50 17.65 5015 1148500
buy the stock at current levels. long-term support level, we PE-May-8900 6.00 6.00 4.75 4.95 39907 2637900 CE-May-23500 0.55 0.70 0.30 0.45 10281 297360 CE-May-370 1.60 17.50 1.45 10.95 3486 686800 CE-May-1400 8.55 14.00 8.55 12.45 6416 2120500
PE-May-9000 9.55 10.00 7.25 7.60 82882 4644225 CE-May-24000 0.10 0.20 0.10 0.20 7063 22920 CE-May-380 1.05 11.25 0.75 6.60 3480 771800
Since taking support at ₹121 are bullish on the stock from a PE-May-9100 24.45 24.45 11.40 11.75 108621 4695525 CE-May-22800 164.60 187.30 138.05 167.35 3347 44840 CE-May-390 0.55 7.20 0.45 3.70 2038 530400
CE-May-1420 6.45 9.50 6.30 8.55 2536 1201500
CE-May-1440 4.75 6.80 4.40 6.05 1804 1345500
CE-May-22900 120.65 138.05 99.15 121.60 1751 20480
in February 2016, the stock has short-term perspective. The PE-May-9150 21.60 22.00 14.50 15.15 10409 333975
CE-May-23000 86.70 100.00 72.50 84.75 5754 88720
CE-May-400
PE-May-320
0.35
2.75
4.45
3.30
0.30
0.75
2.15
0.85
2244
2037
598400
1086300
CE-May-1460 3.60 4.75 3.25 4.40 1580 771000
PE-May-9200 29.00 29.80 18.65 19.55 142135 5675550 PE-May-1300 13.05 15.65 5.05 5.50 2547 1123000
been on a long-term uptrend. stock can extend its upmove PE-May-9250 40.10 40.20 25.00 26.35 17053 746400 CE-May-23200 38.45 45.85 31.10 35.80 2174 25000 PE-May-330 5.00 5.10 1.20 1.30 2781 1387200
PE-May-1320 18.40 18.40 9.10 9.80 2023 444000
PE-May-9300 55.90 55.90 34.00 35.85 242593 7677000 CE-May-22500 443.10 497.40 426.05 474.85 3287 397480 PE-May-340 9.65 9.65 1.45 2.00 3695 2842400
However, after recording a and reach the price targets of PE-May-9350 68.45 70.00 46.15 48.35 30201 1038900 CE-May-22800 251.50 293.50 241.05 271.65 3046 66080 PE-May-350 13.40 13.40 2.75 3.10 3537 1992400 PE-May-1340 24.95 25.50 15.20 15.95 2533 634500
PE-May-9400 91.50 94.90 62.60 64.85 132787 3474675 CE-May-23000 159.70 187.00 150.25 167.45 17808 549440 PE-May-360 17.90 17.90 4.10 5.20 1849 1118600 STATE BANK OF INDIA [3000]
new high at ₹418 this Febru- ₹324 and ₹332 levels. Traders PE-May-9450 120.20 120.20 84.10 86.30 2825 75375 CE-May-23200 99.35 110.05 85.55 94.40 2333 76400 ESCORTS INDIA LTD [1100] CE-May-300 6.80 7.60 5.30 5.85 1652 5031000
ary, the stock started declining can buy the stock with stop- PE-May-9500 155.40 157.80 112.15 115.25 23194 1192575 CE-May-23500
PE-May-20500
37.25
0.20
44.30
0.40
32.00
0.10
36.35
0.20
11675
5266
332880
53680
CE-May-640 7.50 29.70 6.85 19.95 1343 117700 TATA MOTORS LIMITED [1500]
PE-May-9600 237.15 241.15 185.50 189.65 4571 386925 HDFC LTD [500] CE-May-440 6.25 8.05 5.75 7.60 2077 1359000
and has been on a medium- loss at ₹304. PE-Jun-8800 19.00 20.65 15.45 15.95 8014 1299050 PE-May-21000 0.20 0.50 0.05 0.25 3792 54920
CE-May-1560 13.10 31.40 12.60 29.85 1878 123000 YES BANK LIMITED [350]
PE-Jun-8900 29.15 29.15 22.30 23.05 8363 668325 PE-May-21900 1.25 1.35 0.35 0.55 10404 52960
term downtrend since then. PE-Jun-9000 41.55 41.60 32.25 33.35 9387 1768575 PE-May-22000 1.50 1.70 0.40 0.65 34106 610440
CE-May-1600 6.75 13.45 5.25 12.85 1897 813500 CE-May-1620 26.95 26.95 15.05 19.40 1572 228550
HERO MOTOCORP LIMITED [200] PE-May-1600 19.80 32.00 18.95 23.20 1724 312550
The stock found long-term (Note: The recommendations PE-Jun-9100 56.20 58.40 46.25 47.25 6814 853425 PE-May-22100 1.60 2.50 0.35 0.80 28320 160480
PE-Jun-9200 80.10 80.75 65.50 67.05 8958 1031425 PE-May-22200 1.55 3.65 0.65 1.00 45399 312280 CE-May-3400 30.55 45.00 30.55 42.55 1608 153800 ZEE ENTERTAINMENT ENT LTD [1300]
support in the band between are based on technical analysis. PE-Jun-9300 110.40 111.55 91.30 92.70 5846 692150 PE-May-22300 6.55 6.65 1.10 1.45 97063 269440 HINDUSTAN UNILEVER LTD. [600] CE-May-520 7.45 15.00 6.80 12.20 1879 373100
PE-Jun-9400 154.00 154.00 126.40 128.30 4856 397500 PE-May-22400 11.35 11.45 1.65 2.30 130139 342680 CE-May-1000 8.50 27.50 8.50 24.25 3294 580800 CE: Call European, PE:Put European,CA: Call American
₹290 and ₹300 this week and There is a risk of loss in trading.) PE-Jun-9500 207.90 207.90 172.00 175.30 2739 424275 PE-May-22500 21.00 21.05 3.80 4.70 196887 721000 ICICI BANK LTD. [2500] PA:Put American,Vol: Volumes OI: Open Interest

CM . ..... . .. ...CH-X
YK
CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 STOCKS 13
Market Overview Market Snapshot S&P BSE Index Watch NSE Index Watch FII Activity DII Activity Highs & Lows
Turnover NSE BSE MSEI Adv: 1025 Dec: 634 Unch: 89* Index Open Close % Chg Index Open Close % Chg Date Buy Sell Net Date Buy Sell Net

Cash (₹ cr) 24298.29 3623 -- BSE SENSEX 29988.78 30248.17 1.05 INDIA VIX 11.11 10.95 -1.48 May 10 4631.97 3738.61 893.36 May 10 2359.75 2589.48 -229.73
Nifty Put/Call ratio 1.09 (0.99)
Futures (₹ cr) 61382.44 67.41 -- BSE 100 9718.11 9796.93 1.03 NIFTY 50 9339.65 9407.3 0.97 May 09 4955.74 4622.87 332.87 May 09 2367.71 2350.79 16.92 Name Pr cl Close % Name Pr H/L H/L % Name Pr H/L H/L %
DII Flow (₹ cr) 2359.75(B) 2589.48(S)
Options (₹ cr) 393435.44 -- -- BSE TECK 5540.04 5578.45 0.53 NIFTY 500 8266.65 8320.2 0.94 May 08 3364.40 3945.75 -581.35 May 08 2951.37 2288.04 663.33
Volume ('000) 1201500 266203 -- Nifty open interest 2,06,65,350 (1,93,71,375) BSE PSU 9126.44 9108.71 0.16 NIFTY IT 10283.35 10219.55 -0.58 May 05 4937.41 5185.66 -248.25 May 05 2967.24 2669.13 298.11
쐽 Top Gainers Ocl India 1123.00 1145.00 1.96
Trades ('000) 8827.91 1434.97 -- * NSE data; Number of Stocks BSE BANKEX 25896.64 25940.45 0.42 NIFTY NEXT 50 26578.15 26806.7 1.29 May 04 6023.42 6163.58 -140.16 May 04 3929.12 3003.02 926.10
Raj Rayon 0.20 0.25 25 Cg Power 83.90 89.90 7.15
Note: Exchange, NSDL, CDSL data Source: Exchange P&G Hygie 8055.95 8199.00 1.78
Austral C 0.25 0.30 20 Chambal F 122.30 138.30 13.08
Pil Itali 19.90 20.20 1.51
Dev Info 46.85 56.20 19.96 Dalmia Bh 2416.30 2426.00 0.40
Company News 0¥÷ď %»÷èS¤xSď 0ÁÖ 3 CèSx‚ì Sector By Sector W.S.Indus 9.45 11.30 19.58 Eicher Mo 27151.00 27989.00 3.09
Poddar Ho 1105.00 1185.00 7.24
Premier E 429.00 437.75 2.04

—¨Ón ssä×½¤¯ Close Pr Close % Change 52wk high 52wk low Escorts I 612.75 649.40 5.98
Ž‚‹ ¤€¯€½×} ¨ö ¤ßßؽþþ ¯þäs¤ Hilton Me 22.65 26.10 15.23
¤€äþ Quess Cor 853.90 889.00 4.11
Nifty Auto 10303.90 10157.80 1.44 10466.90 8005.00 Finolex I 601.85 606.80 0.82
Somany Ceramics has ¤€þä ¤×¤Ø Nifty Bank 22830.35 22707.30 0.54 22859.40 16368.00
쐽 TOP LOSERS Reliance 2304.70 2306.10 0.06
Arcotech 477.75 402.05 -15.85 Ganesha E 318.00 333.00 4.72
informed the exchanges Nifty Commodities 3559.10 3538.20 0.59 3603.10 2441.55
Savita Oi 997.00 1008.00 1.10
¤ßs€ ¤ßþ€ Bond 8.40 1349.99 1165.60 -13.66 Ge T&D In 375.00 379.90 1.31
that expansion of the Nifty Consumption 4200.45 4107.35 2.27 4205.95 3371.05
Sec Red N 1061.90 1063.00 0.10
Rei Agro 0.40 0.35 -12.5 Geojit Fi 70.25 70.50 0.36
vintage plant (Morbi) of its ¤ßØØ ss¯¯
Nifty Energy 12118.45 11980.70 1.15 12497.30 8096.85 Himadri S 62.70 63.95 1.99
Shreyans 199.65 207.45 3.91
Shemaroo 403.85 361.60 -10.46
associate company is now ¤ß€¤ s߯s Nifty Fin Service 9280.30 9165.75 1.25 9291.25 6708.95 Hindustan 981.00 999.00 1.83
Somany Ce 797.00 840.00 5.40
Peninsula 26.50 23.95 -9.62
complete. Vintage Tiles Pvt ¤ß߯ Nifty FMCG 23954.35 23527.85 1.81 24388.60 19457.25 Honeywell 11539.90 11547.90 0.07
Tata Chem 571.50 645.00 12.86
×säØ 쐽 ALL - TIME HIGH
Ltd (an associate company) ¤½¯} A !
< ¯þ ßaßþ ·
-/ ¯} !
< ¯þ Nifty Infra 3296.40 3257.90 1.18 3308.10 2548.45 Ifgl Refr 250.05 254.70 1.86
The Weste 68.90 72.30 4.93
Name Pr H/L H/L %
has started commercial Nifty IT 10219.55 10279.60 -0.58 11586.20 9295.25 Indiabull 129.85 136.30 4.97
Ultratech 4449.00 4460.00 0.25
8.66%S-R- 1344.00 1393.00 3.65
production of polished 0@ KÁ¯S÷¥¯¥÷ď %»x‚Ď @ ‘ĕĕ %»÷èS¤xSď @ /S讂÷ SÐ Ž¢ ò ¹—A–‹
Ϻ Nifty Media 3170.15 3100.30 2.25 3297.05 2448.30 Indian Ba 358.70 360.90 0.61
Uniply In 347.80 357.40 2.76
Adf Foods 261.90 273.20 4.31
vitrified tiles (double
—¨Ón ¯ß¯}¯½þ×
Nifty Metal 2899.10 2876.45 0.79 3233.70 1871.95 Jay Bhara 654.00 658.00 0.61
Vmart Ret 1058.80 1067.00 0.77
¯äؽØä Ahluwalia 386.00 395.00 2.33
¯ß¯Øß
charge) up to 4.80 million ¯¯½ßß
¯¯½¤¤
¯¯½Ø× ¯ä}½Øä ¯ä}½}ß Nifty MID100 Free 18357.00 18255.50 0.56 18408.35 12811.30 Jk Cement 1020.20 1033.30 1.28 Wendt (In 2444.95 2480.00 1.43
¯¯½¯¯ ¯þ½¤} ¯ä}½¯þ Aksharche 864.00 872.00 0.93
square meters (msm) per ¯ß¯€¯ ¯ä€½€€ Nifty Midcap 50 4697.40 4679.40 0.38 4722.45 3203.30 Jk Lakshm 513.00 515.50 0.49 Zuari Agr 436.00 449.95 3.20
Arvind Sm 131.00 131.60 0.46
annum from May 10. This ¯ß¯¯¤
Nifty MNC 11629.75 11385.10 2.15 11646.60 8768.50 Jk Paper 118.60 119.80 1.01 쐽 ALL - TIME LOW
Bayer Cro 4745.95 4748.90 0.06
will enable the company to Nifty Pharma 10106.20 9997.70 1.09 12042.70 9785.95 Kamdhenu 113.10 114.50 1.24 Austral C 0.25 0.20 -20.0
¯ßþ¤× Bigbloc C 90.00 91.45 1.61
produce value-added Nifty PSE 4236.70 4220.95 0.37 4304.85 2856.55 L&T Infot 751.70 754.20 0.33 Infobeans 60.00 57.55 -4.08
Bond Pa S 1500.00 1510.00 0.67
double charge in diferent ¯ßþ×} Nifty PSU Bank 3711.65 3741.90 -0.81 3921.45 2113.15 Maruti Su 6730.00 6754.00 0.36 Rollatain 9.30 8.95 -3.76
Britannia 3644.40 3721.80 2.12
sizes. As a result of this ¯ßþ}ß Nifty Realty 267.15 266.85 0.11 270.75 151.60 Mawana Su 94.50 96.00 1.59 S Chand A 658.20 643.35 -2.26
¤½¯} A !
< ¯þ ßaßþ · C&C Const 66.15 69.45 4.99
expansion, the capacity of !
< þ€ !
< þ} !
< þs !
< þ¤ !
< ¯þ !
< þ€ !
< þ} !
< þs !
< þ¤ !
< ¯þ Nifty Serv Sector 12258.00 12150.90 0.88 12271.10 10002.75 Mep Infra 70.20 71.90 2.42 Techindia 4.95 4.80 -3.03
Capital F 813.45 814.00 0.07
the plant has increased to Most Shar 18.99 19.70 3.74 Texmo Pip 23.10 23.00 -0.43
Ceat Limi 1710.00 1712.00 0.12
4.80 msm per annum from High Delivery Stocks Cesc Ltd 986.75 993.35 0.67
N R Agarw 333.00 340.00 2.10 Vimal O & 38.75 38.70 -0.13
2.99 msm per annum. Traded Delivered % Close Prev % Chg What to Watch
Vol '000 Vol '000 Delivered close
Shares of Somany Ceramics, Consol Const 225896 225896 100 6.02 6.01 0.17
after hitting an all-time Ibventures 113933 113933 100 136.55 130.05 5.00
NSE Circuit Breakers
high of ₹840 on the NSE, Ksk Energy 242446 242446 100 9.97 10.11 -1.38
closed at ₹818.15, a gain of Ferventsyn 140950 140950 100 27.95 27.70 0.90 Name Pr cl Close % Name Pr cl Close % Name Pr cl Close %
4.5 per cent. Looks 211265 211265 100 17.40 16.70 4.19
Sangam Adv 236679 236679 100 39.80 37.95 4.87 쐽 UPPER
Achal 270707 270707 100 1.98 1.97 0.51 Ausom Ent 25.30 25.50 5 Nagarjun 18.30 19.15 20 Delta Mag 41.30 39.40 10
Cosmo Films, a leading
Atishay 168516 168516 100 106.65 104.60 1.96 Bartronic 16.15 17.75 5 North Eas 46.35 50.95 5 Impex Fer 1.70 1.65 2
manufacturer of speciality
Alora 141033 141033 100 24.00 23.90 0.42 Bls Intl 180.25 182.60 10 Orient Pr 66.00 72.60 5
BOPP films, has come up Manaksia 48.05 46.00 10
Radhey 190001 190001 100 12.90 13.40 -3.73 Db (Int) 9.55 9.55 2 Pudumjee 23.45 25.40 10
with an improvised anti-fog Rei Agro 0.40 0.35 5
Kocl 287920 287920 100 3.00 2.96 1.35 Ducon Inf 38.85 42.70 5 Prime Sec 36.90 38.25 10
film with excellent cold and Rollatain 9.40 8.95 20
Dwekam 270247 270247 100 2.60 2.64 -1.52 Gokul Ref 27.40 28.75 20 Spacenet 0.60 0.60 10
hot anti-fog properties and Shilpi Ca 78.90 75.00 10
Prag Bosimi 276050 276050 100 5.92 6.00 -1.33 The Grob 313.30 342.55 5 Srs Limit 3.35 3.40 20
high hot tack and low Spacenet 0.60 0.60 10
co-eicient of friction,
Uttamvalue 1036454 1036454 100 0.63 0.64 -1.56 HCL Tech, Glenmark UPL: Relief from SBI moves ahead with Hb Stockh 25.95 26.90 20 Sti India 16.05 16.70 10
Shekhawat 0.40 0.40 10
which can deliver high
Sterl Inter 236512 236512 100 2.04 2.13 -4.23 results on Thursday Supreme Court too fund-raising plans Indiabull 129.85 136.30 10 Winsome Y 1.85 1.85 2
Srs Limit 3.35 3.40 20
Smfil 104162 104162 100 2.02 1.93 4.66 Impex Fer 1.70 1.65 2 W.S.Indus 9.45 11.30 20
speed over wrapping Zylog Sys 5.00 5.25 10 Transwarr 19.95 19.00 10
A host of companies including Indo Thai 33.35 36.65 20
performance. This means The Supreme Court on May 8 State Bank of India has invited Zenith Ex 55.00 52.40 5
that the film is suitable for High Volume Stocks Asian Paints, Apollo Sindhoori, upheld the judgment of COM- applications from merchant Khandwala 16.55 17.00 5 쐽 LOWER
Db (Int) 9.55 9.55 2 Note: % denotes circuit limit
Malu Pape 32.30 33.90 10
packaging of unpolished
Name Close (₹) Volume 20-day Avg Vol Gain (%)
Arvind, Balaji Amines, Fair- PAT on UPL. Earlier in 2012, the bankers for the proposed fol-
Gmdc 132.65 8688807 253355 3329
fruits in trays on high-speed chem Speciality, Glenmark Competition Commission of low-on public ofer and insti-
Spic 31.00 5915117 871195 579
HFFS machines. Anti-fog Pharma, Granules, Gujarat India had levied a penalty of tutional placement in the cur- BSE Circuit Breakers
Kaj.Cera 718.40 1359036 206720 557
films are transparent and is Star Pap 202.65 499677 81568 513
Pipavav, Glaxo Consumer, Igar- ₹252.44 crore on the company rent fiscal. The proposed FPO
used for packaging of fresh Cent Enka 430.50 362270 74583 386
shi Motors, ICRA, Havells India, for violation of the Competi- and qualified institutional Name Pr H/L H/L % Name Pr H/L H/L % Name Pr H/L H/L %
fruits/vegetables, salads, Tn News 296.45 784801 170957 359
HCL Technologies, Karuna tion Act, following which the placement follows the merger
and meat. The high Walch.Ind 175.45 1323603 290364 356 Cables, Kirloskar Industries, company had moved the Com- of five associate banks and 쐽 UPPER
moisture content in these Chamb.Frt 128.75 7661047 1726911 344 ITD Cementation, Magma Fin- petition Appellate Tribunal Bharatiya Mahila Bank with W.S.Indus 9.36 11.23 20 Gokul Ref 28.10 29.50 5 Transwarr 20.00 19.00 -5
food items leads to mist Rcf 96.80 14338886 3276189 338 corp, MT Educare, Nilkamal, and got the same reduced to SBI from April. The country’s Birla Cot 0.06 0.07 17 Zylog Sys 5.08 5.33 5 Edsl 14.64 13.91 -5
formation on the film Hotel Leela 24.85 11252121 2753787 309 Pennar Engineered Building, ₹6.94 crore. While upholding largest public sector bank has Necc Ltd 46.10 50.70 10 Nagreka C 16.55 17.35 5 Californ. 9.26 8.80 -5
surface thus afecting the Pudumpulp 25.40 506283 154800 227 Plastiblends and VIP Clothing the COMPAT order, the apex already taken board approval Orient Pr 66.20 72.80 10 Dcm Finan 3.55 3.72 5 Shilpi Ca 78.55 74.65 -5
visibility and therefore Britannia 3711.30 334682 106234 215 will announce financial res- court dismissed the appeal by for raising up to ₹15,000 crore Bartronic 16.05 17.65 10 Bil Energy 0.69 0.72 4 Zenith Co 1.90 1.81 -5

perceived freshness of the Lml 12.50 601233 200812 199 ults for the quarter and full- CCI. The company has already through a public ofer and Ducon 39.10 43.00 10 Impex 1.69 1.72 2 Rajrayon 0.25 0.24 -4

food packed inside. An Gabriel 130.55 581644 196803 196 year ended March 2017 on deposited the amount of overseas issuance of shares Indo Thai 33.20 36.50 10 쐽 LOWER Zenith Bi 0.57 0.55 -4

anti-fogging film not only Ibventures 130.05 136.55 5 Vkjinfra 10.61 10.08 -5 Cambridge 87.70 85.95 -2
Pnb Gilts 57.00 1778379 606034 193 Thursday. penalty. during the current fiscal.
prevents this phenomenon
leading to better visibility
of the contents inside but Future OI Gainers
The Long & Short of it
also gives the pack better Company
Open Interest
Volume %Chg
Futures
Price %Chg
shelf appeal owing to its FIIs continue to pile up short positions in index futures despite benchmark indices climbing higher NESTLEIND 61000 105.39 6937.55 3.28
enhanced gloss/optics. The ESCORTS 1674200 42.11 637.35 5.91
film complies with the EC BERGEPaint 921800 36.48 261.35 -0.13
and FDA food contact MGL 358200 36.30 1013.40 1.70
regulations, the company CAPF 1373600 27.28 795.75 0.26
said in a statement to the NIITTech 846000 18.99 530.10 6.67
exchanges. Shares of Cosmo CGPower 19428000 18.26 89.30 6.56
Films closed 0.25 paise CHOLAFin 187500 15.38 1094.05 1.11
lower at ₹446.95 on the DJIA 17760 14.29 20900.00 -0.44
NSE. CADILAHC 2910400 13.62 472.45 -0.39

Broker’s Call
Future OI Losers
Open Interest Futures
KOTAK SECURITIES Company Volume %Chg Price %Chg

ABB (Accumulate) NIFTYIT 35750 -21.26 10218.00 -0.80

Syndicate Bk 20475000 -12.97 91.15 -0.92
CMP: ₹1,598.80 Who Moved My Nifty 50 왖 90.45 pts. Who Moved My Nifty Next 50 왖 341.60 pts. The Under 50s Titan Ind 5755500 -9.40 483.00 2.83
Target: ₹1,621 Price Days Chg Pts Volume PE Mkt-cap (₹ Cr.) Price Days Chg Pts Volume PE Mkt-cap (₹ Cr.) Close₹ Prev.Close₹ Change% Volume 52wH₹ 52wL₹
HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1572.00. . . . . . . . . . . . 48.50. . . . . . . 20.55. . . . . . . . . . 2965910. . . . . . . . 31.14. . . . . . . . . . 249310.02 Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1327.00. . . . . . . . . . . . 40.90. . . . . . . 32.96. . . . . . . . . . 1302185. . . . . . . . 42.71. . . . . . . . . . . 27632.04 HDIL 30568000 -8.94 95.80 -1.74
ABB reported mixed set of Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1359.10. . . . . . . . . . . . 28.75. . . . . . . 12.71. . . . . . . . . . 5235932. . . . . . . . 14.45. . . . . . . . . . 224845.31
Rasoya Proteins Ltd . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.20. . . . . . . . . . . . . . . 0.15. . . . . . . . . . . 33.33. . . . . . . 1626270. . . . . . . . . . . 0.25. . . . . . . . . . 0.15
Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3711.30. . . . . . . . . . 118.35. . . . . . . 26.93. . . . . . . . . . . 334682. . . . . . . . 52.98. . . . . . . . . . . 21822.59 W.S.Industries (I) Ltd. . . . . . . . . . . . . . . .. . . . . . . . 11.30. . . . . . . . . . . . . . . 9.45. . . . . . . . . . . 19.58. . . . . . . . . 245061. . . . . . . . . 15.30. . . . . . . . . . 7.00 GODREJCP 566800 -8.64 1913.60 -0.73
numbers. While the Bharti Airtel . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 372.75. . . . . . . . . . . . 27.50. . . . . . . . . 9.69. . . . . . . . 24411321. . . . . . . . 21.75. . . . . . . . . . . 49171.02 Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 315.30. . . . . . . . . . . . 12.65. . . . . . . 25.27. . . . . . . . . . 2049691. . . . . . . . 49.38. . . . . . . . . . . 16274.16 Hilton Metal Forging Ltd. . . . . . . . . . . .. . . . . . . . 26.10. . . . . . . . . . . . . 22.65. . . . . . . . . . . 15.23. . . . . . . . . 868707. . . . . . . . . 32.00. . . . . . . . 14.35
HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1551.80. . . . . . . . . . . . 16.05. . . . . . . . . 8.67. . . . . . . . . . . 585561. . . . . . . . 28.49. . . . . . . . . . 313625.53 Aurobindo Phr 15217300 -8.13 619.50 3.66
revenue surpassed our Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 996.35. . . . . . . . . . . . 44.30. . . . . . . . . 8.45. . . . . . . . . . 2928370. . . . . . . . 48.78. . . . . . . . . . . 71160.38
Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 482.40. . . . . . . . . . . . 15.25. . . . . . . 24.63. . . . . . . . . . 1731571. . . . . . . . 57.22. . . . . . . . . . . 20128.60 Super Spinning Mills Ltd . . . . . . . . . . .. . . . . . . . 16.75. . . . . . . . . . . . . 14.80. . . . . . . . . . . 13.18. . . . . . . . . 483772. . . . . . . . . 20.50. . . . . . . . . . 6.60
Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 283.10. . . . . . . . . . . . . . 9.65. . . . . . . 21.05. . . . . . . . . . 2318587. . . . . . . . 50.72. . . . . . . . . . . 15957.97 Spic Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.00. . . . . . . . . . . . . 28.20. . . . . . . . . . . . 9.93. . . . . . . 5915117. . . . . . . . . 31.45. . . . . . . . 17.40 Hexaware 2271000 -7.80 249.60 -0.54
estimates, the margins Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 927.65. . . . . . . . . . . . 20.80. . . . . . . . . 6.64. . . . . . . . . . 1940601. . . . . . . . 44.90. . . . . . . . . . 110921.00 JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 197.50. . . . . . . . . . . . . . 5.05. . . . . . . 20.31. . . . . . . . . . 4780618. . . . . . . . 16.24. . . . . . . . . . . 20528.24 Bartronics India Limited . . . . . . . . . . . .. . . . . . . . 17.75. . . . . . . . . . . . . 16.15. . . . . . . . . . . . 9.91. . . . . . . . . 577410. . . . . . . . . 25.00. . . . . . . . . . 8.45
INFRATEL 6284800 -5.94 366.85 0.00
came lower than estimates ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 273.95. . . . . . . . . . . . . . 2.45. . . . . . . . . 5.56. . . . . . . . . . 4578228. . . . . . . . 33.52. . . . . . . . . . 232536.43 Idea Cellular . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 90.70. . . . . . . . . . . . . . 3.70. . . . . . . 17.54. . . . . . . . 24788439. . . . . . 398.77. . . . . . . . . . . 11106.89 Ducon Infratechnologies L . . . . . . . .. . . . . . . . 42.70. . . . . . . . . . . . . 38.85. . . . . . . . . . . . 9.91. . . . . . . . . 132040. . . . . . . . . 91.95. . . . . . . . 12.80
M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1376.40. . . . . . . . . . . . 32.75. . . . . . . . . 4.08. . . . . . . . . . 1070862. . . . . . . . 22.29. . . . . . . . . . . 64115.37 LIC Hsg Fin . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 697.35. . . . . . . . . . . . 14.60. . . . . . . 17.11. . . . . . . . . . 1619719. . . . . . . . 18.22. . . . . . . . . . . 21115.60 Indo Thai Sec Ltd . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.65. . . . . . . . . . . . . 33.35. . . . . . . . . . . . 9.90. . . . . . . . . 251700. . . . . . . . . 36.65. . . . . . . . 17.40 JSW Energy 62280000 -5.38 69.95 0.87
partly due to impact of Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . . . . 6737.75. . . . . . . . . . 108.45. . . . . . . . . 3.85. . . . . . . . . . . 295859. . . . . . . . 30.10. . . . . . . . . . . 89554.96 Glenmark. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 887.90. . . . . . . . . . . . 27.15. . . . . . . 16.01. . . . . . . . . . . 412543. . . . . . . . 10.90. . . . . . . . . . . 13529.00 Pudumjee Pulp & Paper Mil . . . . . . .. . . . . . . . 25.40. . . . . . . . . . . . . 23.45. . . . . . . . . . . . 8.32. . . . . . . . . 506283. . . . . . . . . 28.60. . . . . . . . 13.45 Dabur 11912500 -5.27 283.65 3.43
transition to IND AS from Axis Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 526.35. . . . . . . . . . . . . . 8.15. . . . . . . . . 3.70. . . . . . . . . . 8812464. . . . . . . . 27.32. . . . . . . . . . . 89382.68 Ashok Leyland . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 85.55. . . . . . . . . . . . . . 2.65. . . . . . . 14.59. . . . . . . . 16320703. . . . . . . . 28.71. . . . . . . . . . . 12173.24 Bhansali Eng. Polymers Lt . . . . . . . . .. . . . . . . . 39.55. . . . . . . . . . . . . 36.85. . . . . . . . . . . . 7.33. . . . . . . 3312419. . . . . . . . . 43.85. . . . . . . . 17.00
Zee Entertainment . . . . . . . . . . . . . .. . . . . . . 516.20. . . . . . . . . . . . 20.55. . . . . . . . . 3.01. . . . . . . . . . 5689814. . . . . . . . 50.63. . . . . . . . . . . 28259.67 ABB India. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1601.95. . . . . . . . . . . . 69.60. . . . . . . 14.27. . . . . . . . . . . 776039. . . . . . . . 90.22. . . . . . . . . . . . . 8486.67 Birla Cable Limited . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.90. . . . . . . . . . . . . 44.75. . . . . . . . . . . . 7.04. . . . . . . . . 270683. . . . . . . . . 53.00. . . . . . . . 32.20
CY17. However, the Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 432.30. . . . . . . . . . . . . . 5.50. . . . . . . . . 2.76. . . . . . . . . . 5378402. . . . . . . . . . 0.00. . . . . . . . . . . 81133.05 Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 228.60. . . . . . . . . . . . . . 3.20. . . . . . . 13.59. . . . . . . . . . 9777362. . . . . . . . 16.39. . . . . . . . . . . 25075.98 Tci Finance Ltd . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.65. . . . . . . . . . . . . 27.70. . . . . . . . . . . . 7.04. . . . . . . . . 323630. . . . . . . . . 33.50. . . . . . . . 18.20
highlight of the quarterly Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . . 27869.30. . . . . . . . . . 740.80. . . . . . . . . 2.64. . . . . . . . . . . . . 69226. . . . . . . . 49.05. . . . . . . . . . . 37158.20
Aurobindo Pharma . . . . . . . . . . . . . .. . . . . . . 618.95. . . . . . . . . . . . 24.60. . . . . . . . . 1.85. . . . . . . . . . 4083441. . . . . . . . 22.25. . . . . . . . . . . 17385.15
UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 823.50. . . . . . . . . . . . . . 9.60. . . . . . . 13.56. . . . . . . . . . 1116650. . . . . . . . 84.48. . . . . . . . . . . 30058.13 Hindustan Motors Limited . . . . . . . .. . . . . . . . 10.05. . . . . . . . . . . . . . . 9.40. . . . . . . . . . . . 6.91. . . . . . . 1250471. . . . . . . . . 12.90. . . . . . . . . . 4.55 Positive Trend
United Spirits . . . . . . . . . . . . . . . . . . . . . .. . . . . 1962.60. . . . . . . . . . . . 65.55. . . . . . . 12.94. . . . . . . . . . . 532092. . . . . . . . 91.85. . . . . . . . . . . 10011.23 Texmaco Infra & Holdg Ltd . . . . . . . .. . . . . . . . 46.65. . . . . . . . . . . . . 43.95. . . . . . . . . . . . 6.14. . . . . . . . . 462501. . . . . . . . . 53.00. . . . . . . . 28.35
numbers was the strong IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . . . . 1431.90. . . . . . . . . . . . 11.00. . . . . . . . . 1.48. . . . . . . . . . . 420102. . . . . . . . 31.29. . . . . . . . . . . 71933.73 Piramal Ent . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2526.75. . . . . . . . . . . . 35.85. . . . . . . 11.25. . . . . . . . . . . 253326. . . . . . . . 43.58. . . . . . . . . . . 20493.12 Sel Manu. Co. Ltd. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 3.70. . . . . . . . . . . . . . . 3.50. . . . . . . . . . . . 5.71. . . . . . . . . 425362. . . . . . . . . . . 4.85. . . . . . . . . . 2.80
Company Spot Price Future Price % Diff
Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . . . . 3323.85. . . . . . . . . . . . 41.50. . . . . . . . . 1.42. . . . . . . . . . . 424465. . . . . . . . 19.00. . . . . . . . . . . 42480.79
upsurge in order intake at ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 187.95. . . . . . . . . . . . . . 1.85. . . . . . . . . 1.40. . . . . . . . . . 4038348. . . . . . . . 13.29. . . . . . . . . . . 53064.14
Motherson . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 409.20. . . . . . . . . . . . . . 4.25. . . . . . . . . 8.54. . . . . . . . . . 1368043. . . . . . . . 72.69. . . . . . . . . . . 21249.95 Meghmani Organics Ltd. . . . . . . . . . . .. . . . . . . . 42.90. . . . . . . . . . . . . 40.65. . . . . . . . . . . . 5.54. . . . . . . 4992498. . . . . . . . . 52.35. . . . . . . . 33.55 GMR Infra 17.00 17.15 0.88
GSK Consumer . . . . . . . . . . . . . . . . . . . .. . . . . 5346.90. . . . . . . . . . 185.90. . . . . . . . . 8.47. . . . . . . . . . . . . 11713. . . . . . . . 34.00. . . . . . . . . . . . . 6296.27 Hotel Leela Ventures Ltd . . . . . . . . . . .. . . . . . . . 24.85. . . . . . . . . . . . . 23.60. . . . . . . . . . . . 5.30. . . . . 11252121. . . . . . . . . 27.30. . . . . . . . 14.70
28 per cent y-o-y. The PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . . . . 210.50. . . . . . . . . . . . . . 2.15. . . . . . . . . 1.26. . . . . . . . . . 2600838. . . . . . . . 15.29. . . . . . . . . . . 46252.48 Havells. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 502.15. . . . . . . . . . . . . . 8.50. . . . . . . . . 7.81. . . . . . . . . . 1049660. . . . . . . . 38.70. . . . . . . . . . . 11923.30 Bs Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 2.05. . . . . . . . . . . . . . . 1.95. . . . . . . . . . . . 5.13. . . . . . . . . 781591. . . . . . . . . 14.75. . . . . . . . . . 1.70
NHPC 31.10 31.30 0.64
Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2904.80. . . . . . . . . . . . 31.65. . . . . . . . . 1.15. . . . . . . . . . . 150174. . . . . . . . 21.15. . . . . . . . . . . 39506.01
management sounded Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 561.05. . . . . . . . . . . . . . 8.10. . . . . . . . . 1.10. . . . . . . . . . . 718502. . . . . . . . 45.56. . . . . . . . . . . 28434.98
Emami . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1109.55. . . . . . . . . . . . 31.60. . . . . . . . . 7.49. . . . . . . . . . . 471367. . . . . . . . 72.78. . . . . . . . . . . . . 6799.46 Nagarjun Fert And Che Ltd . . . . . . . .. . . . . . . . 19.15. . . . . . . . . . . . . 18.30. . . . . . . . . . . . 4.64. . . . . . . 2062018. . . . . . . . . 20.40. . . . . . . . . . 8.65 MARICO 315.30 317.30 0.63
Bharat Elec . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 183.95. . . . . . . . . . . . . . 2.70. . . . . . . . . 7.24. . . . . . . . . . 2469417. . . . . . . . 26.38. . . . . . . . . . . 12737.15 Lanco Infratech Ltd. . . . . . . . . . . . . . . . . . .. . . . . . . . . . 3.40. . . . . . . . . . . . . . . 3.25. . . . . . . . . . . . 4.62. . . . . . . 3174780. . . . . . . . . . . 5.60. . . . . . . . . . 3.20
positive on the business Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 351.90. . . . . . . . . . . . . . 4.40. . . . . . . . . 0.95. . . . . . . . . . 3207734. . . . . . . . 25.75. . . . . . . . . . . 28421.95 Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1019.45. . . . . . . . . . . . 13.70. . . . . . . . . 7.07. . . . . . . . . . . 242587. . . . . . . . 47.75. . . . . . . . . . . 13586.51 Morepen Lab. Ltd . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.30. . . . . . . . . . . . . 21.35. . . . . . . . . . . . 4.45. . . . . . . 4249068. . . . . . . . . 30.80. . . . . . . . 18.00
GSFC 145.35 146.25 0.62
BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 728.25. . . . . . . . . . . . . . 6.85. . . . . . . . . 0.95. . . . . . . . . . 1506573. . . . . . . . 12.04. . . . . . . . . . . 37914.20
outlook and sees emerging Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 642.80. . . . . . . . . . . . . . 2.50. . . . . . . . . 0.74. . . . . . . . . . 1381364. . . . . . . . . . 0.00. . . . . . . . . . . 70943.54
Torrent Pharma . . . . . . . . . . . . . . . . . . .. . . . . 1338.60. . . . . . . . . . . . 28.10. . . . . . . . . 5.34. . . . . . . . . . . . . 91178. . . . . . . . 26.22. . . . . . . . . . . . . 6569.12 Shree Rama Newsprint Ltd . . . . . . . .. . . . . . . . 30.70. . . . . . . . . . . . . 29.40. . . . . . . . . . . . 4.42. . . . . . . . . 461218. . . . . . . . . 41.00. . . . . . . . 19.55 IFCI 32.55 32.75 0.61
Siemens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1462.90. . . . . . . . . . . . 15.10. . . . . . . . . 5.20. . . . . . . . . . . 560841. . . . . . . . 17.64. . . . . . . . . . . 13024.21 Lycos Internet Limited . . . . . . . . . . . . . . .. . . . . . . . . . 7.10. . . . . . . . . . . . . . . 6.80. . . . . . . . . . . . 4.41. . . . . . . . . 656584. . . . . . . . . 20.50. . . . . . . . . . 6.50 Reliance Com 33.10 33.30 0.60
opportunities in Oil and Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 437.45. . . . . . . . . . . . . . 3.95. . . . . . . . . 0.71. . . . . . . . . . 3539929. . . . . . . . 15.70. . . . . . . . . . . 29315.22 Petronet LNG . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 433.30. . . . . . . . . . . . . . 4.40. . . . . . . . . 5.11. . . . . . . . . . 6071066. . . . . . . . 21.99. . . . . . . . . . . 12999.00 Lml Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.50. . . . . . . . . . . . . 12.00. . . . . . . . . . . . 4.17. . . . . . . . . 601233. . . . . . . . . 17.35. . . . . . . . . . 6.60
Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . . . . 2602.85. . . . . . . . . . . . 21.70. . . . . . . . . 0.70. . . . . . . . . . . 366931. . . . . . . . 38.43. . . . . . . . . . . 31490.55 BALRAMCHIN 165.85 166.80 0.57
Gas, Cement, Power T&D Tech Mahindra . . . . . . . . . . . . . . . . . . . . .. . . . . . . 430.40. . . . . . . . . . . . . . 4.20. . . . . . . . . 0.70. . . . . . . . . . 2018816. . . . . . . . 12.97. . . . . . . . . . . 26806.90
Shriram Trans Fin . . . . . . . . . . . . . . . .. . . . . 1011.60. . . . . . . . . . . . . . 7.30. . . . . . . . . 4.10. . . . . . . . . . . 445885. . . . . . . . 18.34. . . . . . . . . . . 14688.93 Gvk Pow. & Infra Ltd. . . . . . . . . . . . . . . . . .. . . . . . . . . . 6.35. . . . . . . . . . . . . . . 6.10. . . . . . . . . . . . 4.10. . . . . . . 6649236. . . . . . . . . . . 7.70. . . . . . . . . . 4.10
HPCL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 529.20. . . . . . . . . . . . . . 1.85. . . . . . . . . 3.56. . . . . . . . . . 1186676. . . . . . . . . . 9.05. . . . . . . . . . . 26342.63 Hathway Cable & Datacom . . . . . . .. . . . . . . . 40.75. . . . . . . . . . . . . 39.20. . . . . . . . . . . . 3.95. . . . . . . . . 751295. . . . . . . . . 49.50. . . . . . . . 23.95 CHOLAFIN 1087.85 1094.05 0.57
and F&B. NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 162.20. . . . . . . . . . . . . . 0.95. . . . . . . . . 0.63. . . . . . . . . . 2275501. . . . . . . . 13.31. . . . . . . . . . . 40122.43
Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 4391.45. . . . . . . . . . . . 13.00. . . . . . . . . 3.04. . . . . . . . . . . 104346. . . . . . 532.94. . . . . . . . . . . 26560.06 Shree Rama Multi Tech Ltd. . . . . . . .. . . . . . . . 15.80. . . . . . . . . . . . . 15.20. . . . . . . . . . . . 3.95. . . . . . . . . 211375. . . . . . . . . 19.75. . . . . . . . . . 5.20
Lupin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1258.90. . . . . . . . . . . . . . 8.75. . . . . . . . . 0.56. . . . . . . . . . 1092939. . . . . . . . 16.24. . . . . . . . . . . 30124.54 NMDC 125.95 126.65 0.56
On account of the strong Ambuja Cements . . . . . . . . . . . . . . . . .. . . . . . . 259.70. . . . . . . . . . . . . . 2.15. . . . . . . . . 0.42. . . . . . . . . . 3553905. . . . . . . . 53.16. . . . . . . . . . . 19079.87
Shree Cement. . . . . . . . . . . . . . . . . . . . . .. . . 19594.20. . . . . . . . . . . . 81.90. . . . . . . . . 2.76. . . . . . . . . . . . . 13245. . . . . . . . 54.26. . . . . . . . . . . 17065.19 Mahanagar Telephone Nigam . . .. . . . . . . . 25.10. . . . . . . . . . . . . 24.15. . . . . . . . . . . . 3.93. . . . . . . 4206277. . . . . . . . . 27.45. . . . . . . . 15.60
Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 637.35. . . . . . . . . . . . . . 5.30. . . . . . . . . 2.61. . . . . . . . . . . 517605. . . . . . . . 15.16. . . . . . . . . . . . . 8121.43 Karuturi Global Limited . . . . . . . . . . . . .. . . . . . . . . . 1.35. . . . . . . . . . . . . . . 1.30. . . . . . . . . . . . 3.85. . . . . . . . . 320811. . . . . . . . . . . 2.10. . . . . . . . . . 1.10 CUMMINSIND 1063.00 1068.85 0.55
order book and emerging Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 187.10. . . . . . . . . . . . . . 0.70. . . . . . . . . 0.27. . . . . . . . . . 9459887. . . . . . . . 29.77. . . . . . . . . . . 27281.33
SAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 61.10. . . . . . . . . . . . . . 0.45. . . . . . . . . 1.80. . . . . . . . . . 4503794. . . . . . . . . . 0.00. . . . . . . . . . . . . 6309.38 Ballarpur Industries Ltd . . . . . . . . . . . .. . . . . . . . 20.60. . . . . . . . . . . . . 19.85. . . . . . . . . . . . 3.78. . . . . . . 6136828. . . . . . . . . 21.70. . . . . . . . 12.65
Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . . . . 441.45. . . . . . . . . . . . . . 0.70. . . . . . . . . 0.19. . . . . . . . . . 2234472. . . . . . . . 12.56. . . . . . . . . . . 45016.42
opportunities in industrial Tata Motors DVR. . . . . . . . . . . . . . . . . .. . . . . . . 263.35. . . . . . . . . . . . . . 1.10. . . . . . . . . 0.15. . . . . . . . . . 1296969. . . . . . . . . . 0.00. . . . . . . . . . . 13391.41
United Breweries . . . . . . . . . . . . . . . . .. . . . . . . 803.85. . . . . . . . . . . . . . 6.75. . . . . . . . . 1.80. . . . . . . . . . . 171565. . . . . . . . 77.30. . . . . . . . . . . . . 5526.09 Tv18 Broadcast Limited . . . . . . . . . . . . .. . . . . . . . 41.45. . . . . . . . . . . . . 39.95. . . . . . . . . . . . 3.75. . . . . . . 5145527. . . . . . . . . 50.00. . . . . . . . 34.30
NMDC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 125.95. . . . . . . . . . . . . . 0.40. . . . . . . . . 1.22. . . . . . . . . . 2106032. . . . . . . . 15.15. . . . . . . . . . . . . 9962.30 Hb Stockholdings Limited . . . . . . . . .. . . . . . . . 26.90. . . . . . . . . . . . . 25.95. . . . . . . . . . . . 3.66. . . . . . . . . 189694. . . . . . . . . 28.50. . . . . . . . . . 7.00
and renewables segment, Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 278.55. . . . . . . . . . . . . . 0.40. . . . . . . . . 0.14. . . . . . . . . . 1433509. . . . . . . . 11.52. . . . . . . . . . . 36310.55
PidilitInd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 746.55. . . . . . . . . . . . . . 1.75. . . . . . . . . 1.04. . . . . . . . . . . 162758. . . . . . . . 46.80. . . . . . . . . . . 11482.13 Prime Securities Limited . . . . . . . . . . .. . . . . . . . 38.25. . . . . . . . . . . . . 36.90. . . . . . . . . . . . 3.66. . . . . . . . . 303521. . . . . . . . . 49.10. . . . . . . . . . 3.70 Negative Trend
Bharti Infratel . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 366.65. . . . . . . . . . . . . . 0.75. . . . . . . . . 0.10. . . . . . . . . . 2254910. . . . . . . . 23.84. . . . . . . . . . . 18988.45
the company is well- Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1166.45. . . . . . . . . . . . . -1.15. . . . . . . . -0.10. . . . . . . . . . 1114333. . . . . . . . 37.47. . . . . . . . . . . 37570.54 GSK Pharma . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2436.65. . . . . . . . . . . . 12.50. . . . . . . . . 1.02. . . . . . . . . . . . . 12276. . . . . . . . 62.53. . . . . . . . . . . . . 5159.79 Excel Realty N Infra Ltd . . . . . . . . . . . . .. . . . . . . . 41.55. . . . . . . . . . . . . 40.20. . . . . . . . . . . . 3.36. . . . . . . . . 753491. . . . . . . . . 55.70. . . . . . . . 29.70 Company Spot Price Future Price % Diff
positioned to deliver high ACC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1690.35. . . . . . . . . . . -10.85. . . . . . . . -0.24. . . . . . . . . . . 320293. . . . . . . . 52.69. . . . . . . . . . . 14284.17 BHEL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 177.10. . . . . . . . . . . . . . 0.25. . . . . . . . . 0.88. . . . . . . . . . 4608738. . . . . . . . 67.74. . . . . . . . . . . 16038.39 Syncom Healthcare Ltd . . . . . . . . . . . . .. . . . . . . . . . 6.30. . . . . . . . . . . . . . . 6.10. . . . . . . . . . . . 3.28. . . . . . . . . 243175. . . . . . . . . . . 9.60. . . . . . . . . . 5.50
Hindus Zinc . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 254.70. . . . . . . . . . . . . . 0.70. . . . . . . . . 0.69. . . . . . . . . . 1105607. . . . . . . . 14.53. . . . . . . . . . . . . 6457.13 Stampede Capital Ltd. . . . . . . . . . . . . . . .. . . . . . . . 22.25. . . . . . . . . . . . . 21.55. . . . . . . . . . . . 3.25. . . . . 12533202. . . . . . . . . 46.65. . . . . . . . 17.60 INFIBEAM 1003.15 972.30 -3.08
Indiabulls HFL. . . . . . . . . . . . . . . . . . . . . .. . . . . 1082.90. . . . . . . . . . . . . -3.05. . . . . . . . -0.26. . . . . . . . . . 1104560. . . . . . . . 17.24. . . . . . . . . . . 34878.45
double-digit growth in the Bank of Baroda . . . . . . . . . . . . . . . . . . . .. . . . . . . 185.55. . . . . . . . . . . . . -1.20. . . . . . . . -0.30. . . . . . . . . . 5069404. . . . . . . . . . 0.00. . . . . . . . . . . 17529.01 I-Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 410.80. . . . . . . . . . . . . . 0.80. . . . . . . . . 0.58. . . . . . . . . . . 227293. . . . . . . . . . 0.00. . . . . . . . . . . . . 7665.20 Orchid Pharma Limited . . . . . . . . . . . . .. . . . . . . . 34.00. . . . . . . . . . . . . 32.95. . . . . . . . . . . . 3.19. . . . . . . . . 997837. . . . . . . . . 45.85. . . . . . . . 23.90 CEATLTD 1647.55 1604.20 -2.63
medium-term. Given the Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 23214.00. . . . . . . . . -122.50. . . . . . . . -0.30. . . . . . . . . . . . . . . 8245. . . . . . . . 47.72. . . . . . . . . . . 21255.25 NHPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 31.10. . . . . . . . . . . . . . 0.05. . . . . . . . . 0.42. . . . . . . . . . 8007353. . . . . . . . 11.68. . . . . . . . . . . . . 6700.36 Future Consumer Limited . . . . . . . . . .. . . . . . . . 33.05. . . . . . . . . . . . . 32.05. . . . . . . . . . . . 3.12. . . . . . . 3004333. . . . . . . . . 35.85. . . . . . . . 18.05
HCL Tech 843.60 836.05 -0.89
YES Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1598.40. . . . . . . . . . . . . -4.10. . . . . . . . -0.40. . . . . . . . . . 1950437. . . . . . . . 23.40. . . . . . . . . . . 58371.75 DLF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 199.40. . . . . . . . . . . . . -0.10. . . . . . . . -0.17. . . . . . . . . . 7080125. . . . . . . . 24.47. . . . . . . . . . . . . 8893.22 Ivrcl Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 5.10. . . . . . . . . . . . . . . 4.95. . . . . . . . . . . . 3.03. . . . . . . . . 633840. . . . . . . . . . . 6.65. . . . . . . . . . 3.70
positive outlook, the stock GAIL (India) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 417.50. . . . . . . . . . . . . -4.30. . . . . . . . -0.74. . . . . . . . . . 1076622. . . . . . . . 17.60. . . . . . . . . . . 26832.53 Oil India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 324.70. . . . . . . . . . . . . -0.90. . . . . . . . -0.67. . . . . . . . . . . 291039. . . . . . . . 13.02. . . . . . . . . . . . . 6246.04 Bedmutha Indust Ltd . . . . . . . . . . . . . . . . .. . . . . . . . 43.35. . . . . . . . . . . . . 42.15. . . . . . . . . . . . 2.85. . . . . . . . . 124118. . . . . . . . . 48.90. . . . . . . . 12.45 TVSMotor 494.55 491.25 -0.67
has rallied strongly in the Tata Power . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 81.55. . . . . . . . . . . . . -1.55. . . . . . . . -0.75. . . . . . . . . . 5865523. . . . . . . . 23.75. . . . . . . . . . . 14778.48 Power Finance . . . . . . . . . . . . . . . . . . . . .. . . . . . . 166.35. . . . . . . . . . . . . -0.20. . . . . . . . -0.67. . . . . . . . . . 3951696. . . . . . . . . . 6.46. . . . . . . . . . . 14492.86 Alok Industries Ltd . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 3.75. . . . . . . . . . . . . . . 3.65. . . . . . . . . . . . 2.74. . . . . . . 9725412. . . . . . . . . . . 4.90. . . . . . . . . . 2.30 GODREJCP 1924.05 1913.60 -0.54
Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1158.30. . . . . . . . . . . . . -7.00. . . . . . . . -0.84. . . . . . . . . . 1004939. . . . . . . . 63.01. . . . . . . . . . . 52218.82 Container Corp . . . . . . . . . . . . . . . . . . . .. . . . . 1193.90. . . . . . . . . . . . . -2.45. . . . . . . . -1.04. . . . . . . . . . . 204708. . . . . . . . 43.87. . . . . . . . . . . 13093.86 Hindustan Construction Co . . . . . . .. . . . . . . . 43.50. . . . . . . . . . . . . 42.35. . . . . . . . . . . . 2.72. . . . . . . 4080064. . . . . . . . . 48.10. . . . . . . . 18.00
past three months — up 25 HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 843.60. . . . . . . . . . . . . -6.15. . . . . . . . -0.93. . . . . . . . . . . 757706. . . . . . . . 17.76. . . . . . . . . . . 47619.47 Cummins Inida . . . . . . . . . . . . . . . . . . . .. . . . . 1063.00. . . . . . . . . . . . . -2.85. . . . . . . . -1.50. . . . . . . . . . . 121605. . . . . . . . 39.65. . . . . . . . . . . 14438.52 Cons. Const. Consort Ltd . . . . . . . . . . .. . . . . . . . . . 6.05. . . . . . . . . . . . . . . 5.90. . . . . . . . . . . . 2.54. . . . . . . . . 593299. . . . . . . . . . . 6.15. . . . . . . . . . 2.35 CASTROLInd 441.00 438.80 -0.50
per cent versus 5.6 per cent L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1739.25. . . . . . . . . . . . . -5.40. . . . . . . . -1.18. . . . . . . . . . 1340085. . . . . . . . 24.07. . . . . . . . . . 142766.47 Oracle Fin . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3754.45. . . . . . . . . . . -23.55. . . . . . . . -2.02. . . . . . . . . . . . . 16334. . . . . . . . 26.56. . . . . . . . . . . . . 8303.03 Mercator Limited . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.50. . . . . . . . . . . . . 46.35. . . . . . . . . . . . 2.48. . . . . . . 1649543. . . . . . . . . 55.25. . . . . . . . 24.50 JUSTDIAL 515.75 513.75 -0.39
Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 499.65. . . . . . . . . . . . . -9.25. . . . . . . . -1.56. . . . . . . . . . . 836075. . . . . . . . 15.51. . . . . . . . . . . 31579.35 Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 7913.40. . . . . . . . . . . -57.70. . . . . . . . -2.10. . . . . . . . . . . . . 10284. . . . . . . . 55.63. . . . . . . . . . . . . 7449.37 Suzlon Energy Limited . . . . . . . . . . . . . .. . . . . . . . 21.20. . . . . . . . . . . . . 20.70. . . . . . . . . . . . 2.42. . . . . 56149138. . . . . . . . . 21.55. . . . . . . . 12.00
rise in Sensex. Thus, while Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 943.65. . . . . . . . . . . . . -3.00. . . . . . . . -1.60. . . . . . . . . . 1682151. . . . . . . . 13.35. . . . . . . . . . 188573.53 Godrej Consumer . . . . . . . . . . . . . . . .. . . . . 1924.05. . . . . . . . . . . . . -5.35. . . . . . . . -2.61. . . . . . . . . . . 468961. . . . . . . . 81.30. . . . . . . . . . . 24247.32 Zee Media Corporation Ltd. . . . . . . .. . . . . . . . 38.40. . . . . . . . . . . . . 37.50. . . . . . . . . . . . 2.40. . . . . . . . . 841919. . . . . . . . . 41.80. . . . . . . . 17.75 Union Bank 176.70 176.10 -0.34
we remain broadly positive State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 294.45. . . . . . . . . . . . . -2.05. . . . . . . . -1.75. . . . . . . . . . 8699405. . . . . . . . 26.28. . . . . . . . . . . 93911.94 IntGlobeAvi. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1123.90. . . . . . . . . . . -16.35. . . . . . . . -2.97. . . . . . . . . . 1199062. . . . . . . . 22.54. . . . . . . . . . . . . 5281.31 Archies Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.40. . . . . . . . . . . . . 31.65. . . . . . . . . . . . 2.37. . . . . . . . . 122753. . . . . . . . . 40.10. . . . . . . . 19.30 Oriental Bank 173.15 172.60 -0.32
UltraTech Cement. . . . . . . . . . . . . . . .. . . . . 4367.55. . . . . . . . . . . -65.35. . . . . . . . -1.82. . . . . . . . . . . 222094. . . . . . . . 45.74. . . . . . . . . . . 45555.34 Cadila Health . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 470.15. . . . . . . . . . . . . -3.70. . . . . . . . -3.66. . . . . . . . . . 3179188. . . . . . . . 72.27. . . . . . . . . . . 12032.81 Oswal Chem. & Fert. Ltd. . . . . . . . . . . .. . . . . . . . 30.45. . . . . . . . . . . . . 29.75. . . . . . . . . . . . 2.35. . . . . . . . . 848934. . . . . . . . . 34.50. . . . . . . . 22.70
on the stock from a TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2332.45. . . . . . . . . . . -20.10. . . . . . . . -2.86. . . . . . . . . . . 603194. . . . . . . . 19.52. . . . . . . . . . 124089.97 Punjab Natl Bank . . . . . . . . . . . . . . . . .. . . . . . . 172.15. . . . . . . . . . . . . -1.45. . . . . . . . -4.18. . . . . . . . . . 6404722. . . . . . . . . . 0.00. . . . . . . . . . . 12821.54 Jyoti Structures Ltd . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 9.70. . . . . . . . . . . . . . . 9.50. . . . . . . . . . . . 2.11. . . . . . . . . 602128. . . . . . . . . 16.30. . . . . . . . . . 7.95 PAGEInd 14790.20 14751.00 -0.27
business perspective, ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 298.65. . . . . . . . . . . . . -1.95. . . . . . . . -3.03. . . . . . . . 13686210. . . . . . . . 20.51. . . . . . . . . . 173875.25 Rural Elec . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 218.50. . . . . . . . . . . . . -2.10. . . . . . . . -6.58. . . . . . . . . . 4021241. . . . . . . . . . 7.09. . . . . . . . . . . 17692.30 Sharon Bio-Medi Ltd . . . . . . . . . . . . . . . . .. . . . . . . . . . 7.25. . . . . . . . . . . . . . . 7.10. . . . . . . . . . . . 2.11. . . . . . . . . 389884. . . . . . . . . 14.40. . . . . . . . . . 6.00

valuations remain a Note: free-float market- cap Note: free-float market- cap
Insider Info
constraining factor.
We value the stock at 37x High Volatile Counters (in ₹) Active Nifty Calls Active Nifty Puts Company

쐽 Equity
Transation Date Qty

Stock Close Prev Close Futures Close Prev Close Volatility (%)*
CY18 earnings (earlier 35x Expiry Date Strike Price LTP Vol(Contracts) Turnover* (₹ Lakhs) Open Interest Expiry Date Strike Price LTP Vol(Contracts) Turnover* (₹ Lakhs) Open Interest
Jetking Infotrain
IB RealEstate 167.20 168.50 167.75 169.05 1.2489 25-May-17 9400 80.95 214049 1520345.63 4672800 25-May-17 9300 36.10 242593 1699480.41 7677000 Avinash Bharwani(B) 02-04-2017 33623
CY18 earnings), which is in Siddarth Bharwani(B) 05-04-2017 21685
Adani Ent 122.80 118.20 123.05 118.05 1.0740 25-May-17 9500 34.35 202609 1448041.46 6518625 25-May-17 9200 20.00 142135 983082.06 5675550
line with exit multiple of Biocon
INDIAVIX 1094.75 1111.25 1104.25 1111.25 0.9382 25-May-17 9600 10.65 129565 933740.62 3333225 25-May-17 9400 66.00 132787 943385.57 3474675
Siemens and arrive at a RaviRasendrMazumd(B) 02-05-2017 100000
Adani Power 31.10 31.20 31.15 31.30 0.6574 25-May-17 9300 151.30 93583 662162.66 2768775 25-May-17 9100 12.00 108621 742399.82 4695525 Yamini R Mazumdar(S) 02-05-2017 125000
price objective of ₹1,621 IDFC
INDIANB 353.15 348.60 354.60 349.50 0.6381 25-May-17 9700 2.90 48577 353491.67 1556175 25-May-17 9000 7.75 82882 559950.17 4644225
(₹1,434 earlier). In view of Vikram Limaye(S) 08-05-2017 100000
JP Associates 13.05 13.10 13.10 13.20 0.6087 25-May-17 9450 53.65 35282 251285.81 866550 25-May-17 8900 4.95 39907 266533.07 2637900 Vikram Limaye(S) 09-05-2017 200000
the minor upside to target Federal Bank 117.15 118.05 117.75 118.80 0.6012 25-May-17 9800 1.35 21149 155466.09 975000 25-May-17 9350 49.85 30201 213015.35 1038900 Fortis Healthcare
price, we recommend HDIL 95.50 97.30 95.80 97.50 0.6001 25-May-17 9550 19.05 18054 129529.24 522375 25-May-17 8800 3.20 25900 171005.07 2055075
Fortis Healthcare Ho(R) 05-05-2017 4500000
Fortis Healthcare Ho(S) 05-05-2017 1779217
‘Accumulate’ from ‘Buy’ RAYMOND 769.25 783.10 770.65 786.40 0.5955 25-May-17 9350 113.80 15770 111759.47 395100 25-May-17 9500 118.10 23194 167468.39 1192575
Fortis Healthcare Ho(R) 08-05-2017 4944000
earlier, advising investors to Religare Enterprise
Bank of India 180.85 181.10 180.55 180.20 0.5914 25-May-17 9200 231.40 10001 70627.66 1333425 25-May-17 9250 27.00 17053 118694.25 746400 RHC Finance Pvt (P) 05-05-2017 706000
buy the stock on declines. INFIBEAM 1003.15 1007.65 972.30 987.85 0.5889 * Notional Turnover * Notional Turnover RHC Holding Pvt (P) 05-05-2017 400000
RHC Holding Pvt (R) 08-05-2017 1364500
MalvindeMohanSing(R) 05-05-2017 1500000
Business Line is not responsible for the
GSFC 145.35 143.25 146.25 144.20 0.5630
Active Stock Calls Active Stock Puts Eclerx Services
recommendations sourced from third Union Bank 176.70 178.95 176.10 178.40 0.5592 Company Expiry Date Strike Price LTP Vol (Contract) Open Interest Company Expiry Date Strike Price LTP Vol(Contract) Open Interest Mariama Lahbib(S) 09-05-2017 1444
party brokerages. Reports may be sent to: India Cement 214.25 208.90 215.15 209.95 0.5581 Reliance Ind 25-May-17 1360 25.20 7384 939000 Bharti Airtel 25-May-17 340 2.05 3695 2842400 Max India
blmarketwatch@gmail.com CGPOWER 88.90 83.40 89.30 83.80 0.5440 MaxVenturesInvest(P) 05-05-2017 2000000
Reliance Ind 25-May-17 1400 12.35 6416 2120500 Bharti Airtel 25-May-17 350 3.10 3537 1992400
* Annualised
Veeram Ornaments
Reliance Ind 25-May-17 1380 17.80 5015 1148500 Bharti Airtel 25-May-17 330 1.30 2781 1387200 Pinal R Shah(B) 08-05-2017 18000
Calendar Axis Bank 25-May-17 520 16.40 3869 1659600 Reliance Ind 25-May-17 1300 5.30 2547 1123000 Rakshit M Shah(B) 08-05-2017 21000
Rakshit M Shah HUF(B) 08-05-2017 21000
쐽 MAY 11
Apollo Sindoori Hotels Limited: Results/
FII Derivative Statistics Reliance Ind 25-May-17 1340 35.50 3739 507500 Reliance Ind 25-May-17 1340 15.70 2533 634500 쐽 Derivatives
Buy Sell Open Interest Axis Bank 25-May-17 530 11.45 3708 1267200 Axis Bank 25-May-17 510 6.50 2407 1154400 Yes Bank
Dividend
Arvind Limited: Results/Dividend Contracts Amt in ₹ Cr. Contracts Amt in ₹ Cr. Contracts Amt in ₹ Cr. Bharti Airtel 25-May-17 360 16.35 3679 788800 Bharti Airtel 25-May-17 320 0.85 2037 1086300 Sudeep J Bhambare(B) 5/10/2017 700
Asian Paints Limited: Results/Dividend Sudeep J Bhambare(S) 5/10/2017 700
Index Futures 17784 1295.84 22600 1690.73 233438 17172.44 Axis Bank 25-May-17 540 7.80 3493 1372800 Reliance Ind 25-May-17 1320 9.60 2023 444000 Sudeep J Bhambare(B) 5/10/2017 2100
Balaji Amines Limited: Results/Dividend
Bodal Chemicals Limited: Others Index Options 399143 31026.76 386386 30169.50 895486 64393.41
Bharti Airtel 25-May-17 370 10.75 3486 686800 Axis Bank 25-May-17 520 10.25 1948 865200 (B) - Acquier, (S) - Seller, (P) - Pledge
Dynacons Systems & Solutions Limited: Stock Futures 104758 7333.29 96347 6950.36 1052308 70830.90 (R) - Revoke, (I) - Invoke
Results Stock Options 74979 5405.80 74733 5376.79 79012 5635.59 Bharti Airtel 25-May-17 380 6.60 3480 771800 Bharti Airtel 25-May-17 360 5.25 1849 1118600 Derivatives - Qty in Units

CM . . . .. . . ...CH-X
YK
 down oaded from : https://t.me/TheH ndu_Zone down oaded from : https://t.me/pdf4exams CHENNAI

14 STOCKS BusinessLine
THURSDAY • MAY 11 • 2017

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

>
Index Stocks
Company Prev Close Open High Low Qty 52 W High 52 W Low PE BSE Close EsselPack [2] 269.25 271.90 269.65 273.00 269.65 150.75 276.40 179.00 64 270.95 Jai Corp [1] 89.75 89.50 89.55 90.65 88.80 1503.57 92.20 52.30 - 89.35
Ester [5] 44.80 43.10 45.40 45.40 42.80 534.15 62.45 34.50 - 43.10 JaiBal.Ind 18.45 18.60 18.00 19.25 18.00 29.60 668.00 81.00 - -
ACC . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 1701.20. . . . 1690.35. . . . 1705.00. . . . 1711.30. . . . 1673.60. . . . . 320.29. . . . 1753.85. . . . 1257.00. . . . 49. . . . 1694.15 Eurotex 39.65 41.90 42.00 42.00 39.65 3.06 47.90 23.30 - 42.00 Jain I.DVR [2] 64.90 66.55 66.00 69.00 65.95 96.33 119.80 62.50 29 105.20
Adani Ports [2] . . . . . . . . . . . . . . .. . . . . 347.50. . . . . 351.90. . . . . 346.10. . . . . 353.00. . . . . 346.10. . . . 3207.73. . . . . 358.00. . . . . 170.15. . . . 26. . . . . 350.95 Ever.Kanto [2] 32.90 33.30 33.00 34.10 32.90 208.22 42.30 14.00 - 33.35 Jain Irrg [2] 103.70 105.10 104.85 109.00 104.50 7153.76 119.80 62.50 46 105.20
Everady [5] 309.15 315.55 308.00 316.50 306.05 110.89 316.50 190.00 25 315.55 Jamna Au [5] 245.80 242.05 243.00 247.80 240.50 96.68 249.70 141.00 20 242.25
Ambuja Cem [2] . . . . . . . . . . . . . .. . . . . 257.55. . . . . 259.70. . . . . 258.85. . . . . 260.40. . . . . 255.15. . . . 3553.91. . . . . 282.00. . . . . 191.00. . . . 45. . . . . 259.60 Everest Ind 260.65 258.20 261.65 262.45 255.55 64.44 328.00 182.00 161 259.20 Jay Bhr [5] 632.85 647.50 633.90 658.00 633.00 142.79 656.65 138.10 26 646.20
Asian Paints [1] . . . . . . . . . . . . . . .. . . . 1165.30. . . . 1158.30. . . . 1167.10. . . . 1182.00. . . . 1148.15. . . . 1004.94. . . . 1230.00. . . . . 850.10. . . . 63. . . . 1157.65 Excel Crop [5] 1733.40 1795.60 1750.00 1815.00 1744.05 4.06 2009.00 1095.00 32 1801.85 Jay.Agro [5] 977.60 972.05 977.00 992.50 967.95 43.44 1019.00 158.60 32 970.15
Auro Pharma [1] . . . . . . . . . . . . . .. . . . . 594.35. . . . . 618.95. . . . . 600.00. . . . . 621.75. . . . . 598.55. . . . 4083.44. . . . . 895.00. . . . . 581.60. . . . 22. . . . . 618.95 Excel Ind [5] 391.65 389.20 397.45 403.00 387.00 13.41 496.00 263.30 21 390.90 Jay.Neco 8.80 8.75 8.65 9.00 8.65 44.50 10.40 6.36 - 8.75
Excel Realty [5] 40.20 41.55 40.55 41.75 39.40 753.49 496.00 263.30 2 390.90 Jaypee Inf 14.00 14.05 14.00 14.55 13.95 1231.75 15.65 5.34 - 14.04
Axis Bank [2] . . . . . . . . . . . . . . . . .. . . . . 518.20. . . . . 526.35. . . . . 519.00. . . . . 527.55. . . . . 515.70. . . . 8812.46. . . . . 638.00. . . . . 424.60. . . . 34. . . . . 526.00 Exide [1] 237.25 247.00 237.65 247.90 236.25 3195.53 247.30 144.80 30 246.50 Jayshr Tea [5] 106.70 106.85 107.60 108.35 106.40 93.91 123.20 76.15 - 107.20
Bajaj Auto . . . . . . . . . . . . . . . . . . . .. . . . 2873.15. . . . 2904.80. . . . 2880.00. . . . 2908.95. . . . 2858.10. . . . . 150.17. . . . 3122.00. . . . 2366.00. . . . 21. . . . 2899.40 Sensex F ................................................
JB Chem [2]
JBF Ind
329.90 330.65 332.95 332.95 326.55 107.76 403.60 231.00 16 328.45
281.30 280.45 284.95 284.95 278.05 53.72 301.90 185.90 49 280.45
BharInfratel . . . . . . . . . . . . . . . . . .. . . . . 365.90. . . . . 366.65. . . . . 360.00. . . . . 369.00. . . . . 360.00. . . . 2254.91. . . . . 412.55. . . . . 283.10. . . . 25. . . . . 366.75
FACT 58.80 61.20 61.00 63.50 60.70 2160.36 63.65 20.40 - 61.35 JBM Auro [5] 276.40 278.40 279.10 282.45 277.10 40.29 326.90 117.65 40 278.05

315
Bharti Air [5] . . . . . . . . . . . . . . . . .. . . . . 345.25. . . . . 372.75. . . . . 336.50. . . . . 380.40. . . . . 336.50. . . 24411.32. . . . . 400.65. . . . . 283.95. . . . 25. . . . . 372.70 Jet Air 544.75 540.45 545.90 546.80 535.60 1033.30 670.25 332.40 11 539.80
Fag Bear 4646.25 4659.90 4690.20 4691.80 4572.10 2.71 4998.00 3780.00 36 4652.60
Bk ofBaroda [2] . . . . . . . . . . . . . . .. . . . . 186.75. . . . . 185.55. . . . . 187.00. . . . . 188.40. . . . . 185.05. . . . 5069.40. . . . . 202.45. . . . . 128.40. . . . . -. . . . . 185.80 FairchemSpec 514.90 517.10 515.00 530.00 510.00 1.17 595.00 271.00 152 523.00 Jind P.Inv 93.95 93.95 93.95 94.80 91.60 5.73 114.65 76.05 - 93.60
FDC [1] 186.65 188.30 188.45 189.45 187.35 21.01 240.00 165.50 18 189.05 Jind.Cot 13.25 13.25 13.30 13.75 13.05 43.15 24.35 8.01 - 13.30
BOSCH Ltd . . . . . . . . . . . . . . . . . . .. . . 23336.50. . . 23214.00. . . 23499.00. . . 23574.05. . . 23125.25. . . . . . . 8.25. . . 25649.95. . . 18005.00. . . . 40. . . 23199.95
Fed Bk [2] 118.05 117.15 119.15 119.40 116.50 9361.12 120.00 48.10 24 117.05 Jind.Drl [5] 168.00 168.40 170.20 170.20 168.00 12.75 216.55 148.50 18 167.95
BPCL . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 721.40. . . . . 728.25. . . . . 727.80. . . . . 730.00. . . . . 720.45. . . . 1506.57. . . . . 754.00. . . . . 441.48. . . . 12. . . . . 728.15
Cipla [2] . . . . . . . . . . . . . . . . . . . . .. . . . . 552.95. . . . . 561.05. . . . . 552.85. . . . . 562.55. . . . . 551.25. . . . . 718.50. . . . . 621.90. . . . . 458.25. . . . 46. . . . . 559.75
Coal India . . . . . . . . . . . . . . . . . . . .. . . . . 278.15. . . . . 278.55. . . . . 277.70. . . . . 279.30. . . . . 277.10. . . . 1433.51. . . . . 349.85. . . . . 273.70. . . . 12. . . . . 278.30
1.05% Fed.Goetze
Fed.Lloyd
Fiem Ind
593.20 597.00 603.40 603.45 594.55
82.50 83.00 84.00 84.00 82.75
1007.80 1014.85 1018.30 1022.00 1010.00
3.34 650.80 305.95 54 596.15
80.81 89.20 57.20 12 82.90
13.90 1509.95 735.55 25 1013.90
Jind.Poly
Jind.Saw [2]
Jind.Stl&P [1]
421.85 424.10 423.95 429.25 421.00
79.40 80.25 79.95 81.80
53.24 538.75 300.00 15 424.65
79.60 487.23 87.45 39.00
113.80 114.30 113.75 115.55 113.10 5735.47 135.30 57.80
8 80.15
- 114.20
Filatex 132.20 134.90 135.40 135.65 132.10 481.62 149.30 55.10 13 134.40 Jind.World 411.50 423.20 415.00 441.00 406.60 10.18 487.30 142.10 16 416.70
Dr Reddy [5] . . . . . . . . . . . . . . . . . .. . . . 2581.15. . . . 2602.85. . . . 2592.00. . . . 2622.90. . . . 2579.10. . . . . 366.93. . . . 3689.00. . . . 2560.00. . . . 38. . . . 2600.10 Monsoon, earnings lift Fin.Cable [2] 526.95 535.65 528.00 537.00 526.00 115.97 571.00 278.10 25 535.05 JindStain(H) [2] 133.95 141.70 134.45 143.00 132.65 642.34 153.60 34.00 18 141.85
JK Cem 1015.75 1024.50 1016.00 1033.30 1014.05 27.20 1035.80 556.05 29 1023.70
Eicher Motor . . . . . . . . . . . . . . . . .. . . 27128.50. . . 27869.30. . . 27120.00. . . 27989.00. . . 26912.30. . . . . . 69.23. . . 27988.70. . . 18006.00. . . . 49. . . 27851.75 FineotexChe [2] 37.25 37.85 37.75 39.10 37.50 163.14 41.70 22.80 26 37.80
GAIL . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 421.80. . . . . 417.50. . . . . 421.70. . . . . 422.70. . . . . 416.20. . . . 1076.62. . . . . 433.50. . . . . 269.25. . . . 18. . . . . 417.65
stocks; Nifty 50 tops 9,400 Fino.Ind 590.40 592.90 593.50 606.80 589.00 98.53 608.00 365.85 24 594.45 JK Lak.Cem [5] 501.05 511.65 498.00 515.50 498.00 254.18 515.00 326.75 55 510.25
Firstsource 39.35 39.10 39.70 39.90 38.85 2435.07 53.65 31.25 14 39.10 JK Paper 116.55 117.55 118.00 119.80 117.10 542.93 119.55 50.25 14 117.85
Grasim [2]. . . . . . . . . . . . . . . . . . . .. . . . 1167.60. . . . 1166.45. . . . 1178.00. . . . 1180.95. . . . 1154.20. . . . 1114.33. . . . 1236.60. . . . . 781.80. . . . 37. . . . 1165.60 Mumbai, May 10
Flexituff 176.00 173.70 175.15 175.15 172.20 3.05 233.90 166.00 38 172.10 JK Tyre [2] 177.65 176.20 178.10 178.75 175.10 1270.08 184.75 79.40 12 176.20
HCL Tech [2]. . . . . . . . . . . . . . . . . .. . . . . 849.75. . . . . 843.60. . . . . 848.75. . . . . 850.90. . . . . 838.10. . . . . 757.71. . . . . 889.65. . . . . 706.50. . . . 18. . . . . 842.30 Prospects of an improved Fortis Hlt 213.05 209.70 214.10 214.95 208.65 4909.61 230.90 142.60 - 209.60 Jkumar Inf [5] 298.85 304.60 310.00 312.55 302.10 210.31 311.10 105.80 21 304.05
Foseco 1399.95 1404.05 1401.00 1421.00 1400.40 1.17 1570.00 1233.00 28 1407.50 JM Fin [1] 119.80 119.50 121.00 121.00 118.20 660.63 124.80 41.55 89 119.25
HDFC [2] . . . . . . . . . . . . . . . . . . . . .. . . . 1523.50. . . . 1572.00. . . . 1532.00. . . . 1575.25. . . . 1527.20. . . . 2965.91. . . . 1589.85. . . . 1158.10. . . . 34. . . . 1572.80 monsoon in India boosted Fut. Life [2] 297.50 293.25 294.50 299.00 291.00 23.47 306.40 98.00 175 293.30 JMC Proj 282.80 278.90 282.95 289.00 276.10 17.71 309.20 183.00 16 279.60
HDFC Bank [2] . . . . . . . . . . . . . . . .. . . . 1535.75. . . . 1551.80. . . . 1540.00. . . . 1555.00. . . . 1537.05. . . . . 585.56. . . . 1572.30. . . . 1130.00. . . . 27. . . . 1551.05 JMT Auto [1] 9.20 9.20 9.35 9.35 9.20 180.16 30.65 9.00 - 9.21
sentiment for consumption- Fut. Mkt
FutEntpDVR [2]
80.55
30.25
80.65
30.15
81.05
30.90
83.00
30.90
80.00
29.55
16.04
16.24
93.95 17.60 14 80.75
31.80 12.80 2 30.55 Jocil 172.00 176.00 168.40 176.60 168.40 6.91 248.00 153.00 - -
HeroMoto [2] . . . . . . . . . . . . . . . . .. . . . 3282.35. . . . 3323.85. . . . 3272.20. . . . 3334.90. . . . 3265.00. . . . . 424.47. . . . 3739.90. . . . 2844.40. . . . 19. . . . 3322.40
Hindalco [1] . . . . . . . . . . . . . . . . . .. . . . . 186.40. . . . . 187.10. . . . . 187.00. . . . . 188.55. . . . . 185.45. . . . 9459.89. . . . . 203.85. . . . . . 83.60. . . . 31. . . . . 187.10
and agriculture-themed stocks Future Cons 32.05 33.05 32.30 33.25 31.90 3004.33 35.85 18.05 - - JohnCntHita 1759.25 1785.60 1758.45 1798.95 1751.25 7.45 1880.00 1157.00 70 1778.75
FutureEntp [2] 32.30 31.70 32.80 32.85 31.30 524.20 33.75 14.20 16 31.90 Joyt.Str [2] 9.50 9.70 9.55 10.05 9.55 602.13 16.31 7.98 - 9.72
HUL [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . 952.05. . . . . 996.35. . . . . 954.10. . . . . 999.00. . . . . 954.10. . . . 2928.37. . . . . 998.75. . . . . 782.95. . . . 51. . . . . 995.90 and pushed benchmark indices FutureRetail [2] 351.35 351.70 352.00 355.15 349.00 327.39 360.00 116.10 - 351.05 JP Associ [2] 13.10 13.05 13.15 13.35 13.0024866.65 16.80 5.30 - 13.02
JP Pwr 4.65 4.70 4.70 4.75 4.60 946.30 6.96 3.60 - 4.69
ICICI Bank [2] . . . . . . . . . . . . . . . .. . . . . 300.60. . . . . 298.65. . . . . 301.10. . . . . 302.65. . . . . 297.35. . . 13686.21. . . . . 308.30. . . . . 218.00. . . . 18. . . . . 298.55 to fresh lifetime highs, with the
G ................................................ JSL [2] 71.25 74.25 71.00 74.90 70.95 638.54 84.00 14.20 - 74.30
Indiabulls HSG FIN [2] . . . . . . . . .. . . . 1085.95. . . . 1082.90. . . . 1094.95. . . . 1094.95. . . . 1073.55. . . . 1104.56. . . . 1135.00. . . . . 616.05. . . . 16. . . . 1082.90 Nifty 50 breaching the 9,400- Gabriel [1] 127.05 130.55 128.00 132.50 127.20 581.64 132.35 85.00 23 130.15
JSW Enr
JSW Hld
68.90 69.80 69.00 71.00 68.35 9617.81
1600.40 1616.15 1610.00 1624.00 1589.95
86.20 53.50 59 69.75
1.90 1675.00 982.00 38 1614.80
IOC. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 440.75. . . . . 441.45. . . . . 443.50. . . . . 444.75. . . . . 435.70. . . . 2234.47. . . . . 449.90. . . . . 196.33. . . . 13. . . . . 441.25 Gallant Isp 248.00 245.60 250.00 250.00 244.50 37.01 690.00 228.00 20 244.10
IndusInd BK . . . . . . . . . . . . . . . . . .. . . . 1420.90. . . . 1431.90. . . . 1425.40. . . . 1435.00. . . . 1419.30. . . . . 420.10. . . . 1483.35. . . . 1034.45. . . . 30. . . . 1431.45
mark for the first time. Gallant Mtl 42.00 42.05 42.45 42.80 41.60 17.59 55.00 29.45 13 42.10
JSW Stl [1] 192.45 197.50 193.05 198.90 192.90 4780.62 207.00 125.40 16 197.45
Jub.Food 991.70 974.60 980.05 987.00 968.00 455.76 1298.80 761.00 73 974.30
Infosys [5]. . . . . . . . . . . . . . . . . . . .. . . . . 946.65. . . . . 943.65. . . . . 947.15. . . . . 950.00. . . . . 937.15. . . . 1682.15. . . . 1278.00. . . . . 900.30. . . . 16. . . . . 943.20 Indices were also aided by Gamm.India [2] 10.40 10.35 10.55 10.55 10.25 494.30 20.60 9.56 - 10.32 Jub.Ind 287.65 308.45 293.00 326.95 292.30 527.56 418.00 145.50 - 311.50
Gamm.Infra [2] 4.40 4.35 4.50 4.50 4.35 811.36 6.39 3.41 - 4.38 Jub.Life [1] 771.75 785.85 776.00 799.00 775.10 605.94 879.10 294.20 275 784.90
ITC [1] . . . . . . . . . . . . . . . . . . . . . . .. . . . . 271.50. . . . . 273.95. . . . . 272.20. . . . . 275.70. . . . . 272.00. . . . 4578.23. . . . . 292.85. . . . . 210.20. . . . 34. . . . . 273.90 gains in shares of companies Gandhi Tub [5] 333.05 334.45 331.00 337.00 327.30 1.36 356.90 210.00 17 332.65 JullundurMot 247.65 252.20 247.65 254.00 247.65 1.54 289.00 162.15 - -
Ganesh Hsg 127.65 130.80 127.60 132.50 125.20 557.10 132.35 58.30 16 130.65
Kot.Mah.Bk [5] . . . . . . . . . . . . . . .. . . . . 906.85. . . . . 927.65. . . . . 911.00. . . . . 929.65. . . . . 911.00. . . . 1940.60. . . . . 929.00. . . . . 692.40. . . . 52. . . . . 926.45 detailing their January-March Ganesha Ecos 317.00 331.35 326.00 333.00 313.50 89.63 331.00 147.05 22 328.65
JustDial 504.05 515.75 504.40 522.70 504.40 1355.26 808.20 318.20 28 514.55
L&T [2] . . . . . . . . . . . . . . . . . . . . . .. . . . 1744.65. . . . 1739.25. . . . 1754.70. . . . 1765.00. . . . 1731.10. . . . 1340.09. . . . 1771.00. . . . 1224.00. . . . 32. . . . 1740.30 JVL Agro [1] 19.85 19.90 20.15 20.15 19.75 107.74 25.45 14.00 - 19.95
earnings. FII buying too on Gangotri [5] 0.80 0.85 0.85 0.85 0.85 4.10 1.69 0.73 - 1.12 Jyo.Lab [1] 371.25 378.15 374.00 384.30 372.85 111.95 427.00 270.10 44 377.60
Lupin [2] . . . . . . . . . . . . . . . . . . . . .. . . . 1250.15. . . . 1258.90. . . . 1255.00. . . . 1272.95. . . . 1251.70. . . . 1092.94. . . . 1750.00. . . . 1242.50. . . . 16. . . . 1259.65 Gar.Wal.Rp 790.10 796.95 792.50 814.90 790.00 9.39 849.95 326.00 22 795.20
M&M [5] . . . . . . . . . . . . . . . . . . . . .. . . . 1343.65. . . . 1376.40. . . . 1352.00. . . . 1379.70. . . . 1348.00. . . . 1070.86. . . . 1508.80. . . . 1141.80. . . . 25. . . . 1376.70
Tuesday boosted the sentiment, Gard.Silk 34.60 35.10 34.70 35.35 34.70 35.12 41.20 24.50 - 34.95
K ................................................
Gatewaty 254.10 257.55 253.00 259.50 253.00 342.35 325.00 208.85 49 255.95
Maruti [5] . . . . . . . . . . . . . . . . . . . .. . . . 6629.30. . . . 6737.75. . . . 6645.00. . . . 6754.00. . . . 6635.90. . . . . 295.86. . . . 6744.60. . . . 3790.00. . . . 28. . . . 6730.70 brokers said. Gati [2] 134.10 135.40 134.00 136.60 134.00 384.01 189.45 107.10 40 135.40 Kabra Ext [5] 118.45 119.55 119.90 121.10 118.00 6.01 144.90 88.20 12 119.25
Kaj.Cera [1] 712.60 718.40 716.95 789.80 708.85 1359.04 787.55 437.30 42 719.45
NTPC . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 161.25. . . . . 162.20. . . . . 161.35. . . . . 162.95. . . . . 161.20. . . . 2275.50. . . . . 177.80. . . . . 133.50. . . . 13. . . . . 162.25 In the Nifty 50 universe, Bharti Gayt. Proj [2]
GE Ship
163.15
412.50
169.05
422.60
164.60
412.00
170.90
430.00
162.95 1170.95
410.45 235.21
170.85
477.00
99.98 42 168.45
296.60 11 418.25 Kakt.Cem 431.60 427.10 435.60 435.60 425.50 76.20 599.00 203.00 12 426.90
ONGC [5] . . . . . . . . . . . . . . . . . . . .. . . . . 186.10. . . . . 187.95. . . . . 186.95. . . . . 188.45. . . . . 185.60. . . . 4038.35. . . . . 212.00. . . . . 133.33. . . . 14. . . . . 187.85
Airtel gained 10 per cent while GE T&DInd 366.60 373.60 370.00 379.90 355.40 454.68 380.00 277.85 - - Kalp.Pwr [2] 363.95 358.75 361.70 364.85 355.90 34.63 367.00 208.00 22 358.25
PowerGrid. . . . . . . . . . . . . . . . . . . .. . . . . 208.35. . . . . 210.50. . . . . 209.70. . . . . 210.95. . . . . 209.00. . . . 2600.84. . . . . 213.80. . . . . 139.55. . . . 15. . . . . 210.50 Geecee 137.90 138.85 138.50 140.00 137.55 7.40 219.95 108.80 10 138.00 Kaly.Inv 1774.60 1794.20 1798.80 1822.20 1785.00 1.29 1881.00 1021.50 31 1811.25
Reliance . . . . . . . . . . . . . . . . . . . . .. . . . 1330.35. . . . 1359.10. . . . 1334.80. . . . 1363.60. . . . 1330.65. . . . 5235.93. . . . 1465.00. . . . . 925.70. . . . 14. . . . 1359.50 Zee Entertainment Enterprises Genesys [5] 152.70 149.45 151.65 153.00 144.10 23.97 206.00 51.30 33 149.50 Kaly.Stl [5] 371.45 368.65 372.95 373.65 367.10 51.74 412.75 154.70 11 368.45
Genus P&B [1] 5.35 5.30 5.45 5.50 5.30 203.93 7.54 3.63 - 5.34 Kamat Htl 45.80 46.50 46.35 47.30 45.05 281.57 51.15 25.50 8 46.25
SBI [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . 296.50. . . . . 294.45. . . . . 297.00. . . . . 298.15. . . . . 293.00. . . . 8699.41. . . . . 304.90. . . . . 166.60. . . . 27. . . . . 294.60 jumped over 5 per cent intraday. Genus Pwr [1] 43.30 42.60 43.80 43.80 42.50 127.05 60.35 32.70 20 42.75 Kamdhenu 107.60 110.05 107.60 114.50 107.60 166.36 114.60 50.10 28 109.65
Sun Pharma [1] . . . . . . . . . . . . . . .. . . . . 640.30. . . . . 642.80. . . . . 642.05. . . . . 646.60. . . . . 637.35. . . . 1381.36. . . . . 854.50. . . . . 572.40. . . . . -. . . . . 642.35 Other prominent stocks GeojitFinSer 69.85 70.00 68.50 70.50 68.50 576.94 70.50 31.90 - - Kanani Ind [1]
Kanor.Chem [5]
14.10
77.15
14.20
77.00
14.25
77.70
14.60
78.00
14.20
76.50
8.12
69.15
34.40
94.30
11.82
57.00
-
18
14.10
77.05
Tata Motors [2] . . . . . . . . . . . . . . .. . . . . 426.80. . . . . 432.30. . . . . 427.80. . . . . 433.00. . . . . 424.00. . . . 5378.40. . . . . 598.60. . . . . 376.05. . . . . -. . . . . 432.05 GEPowerIndia 652.35 668.25 652.00 681.90 650.80 49.62 693.35 440.50 196 669.50
which rose were HUL (in per GHCL 256.20 256.60 256.10 258.00 255.00 173.64 298.80 138.00 7 256.80 Kansai Ner [1] 403.90 405.80 406.80 409.45 404.00 282.98 409.00 285.35 43 405.60
Tata Mtr DVR [2] . . . . . . . . . . . . . .. . . . . 262.25. . . . . 263.35. . . . . 264.00. . . . . 266.30. . . . . 261.00. . . . 1296.97. . . . . 377.90. . . . . 257.70. . . . . -. . . . . 264.05 GIC Hsg 564.15 572.25 564.20 575.00 555.65 322.14 593.40 250.00 21 571.45 Karma Enr 45.60 45.60 45.00 46.30 44.15 6.38 74.85 15.10 - 47.00
Tata Pwr [1] . . . . . . . . . . . . . . . . . .. . . . . . 83.10. . . . . . 81.55. . . . . . 83.30. . . . . . 83.55. . . . . . 81.40. . . . 5865.52. . . . . . 91.25. . . . . . 67.10. . . . 19. . . . . . 81.70
cent) 4.60, HDFC 3.25, M&M 2.59, Gillander 74.35 74.25 74.50 76.20 73.30 4.01 85.30 53.10 - 74.05 Karn.Bk 168.05 168.80 169.70 170.65 168.05 2767.84 176.00 89.80 11 168.85
Reliance 2.17, Bajaj Auto 1.74, Axis Gillette 4980.20 5018.90 4995.00 5074.00 4980.20 33.37 5069.95 4025.00 62 5011.80 Karur vys bk [2] 118.90 119.30 119.95 119.95 118.50 446.21 122.90 80.00 14 119.30
Tata Steel . . . . . . . . . . . . . . . . . . . .. . . . . 433.50. . . . . 437.45. . . . . 435.25. . . . . 438.55. . . . . 433.10. . . . 3539.93. . . . . 508.45. . . . . 297.40. . . . 14. . . . . 437.90 Karuturi [1] 1.30 1.35 1.30 1.35 1.30 320.81 2.12 1.13 - 1.32
Ginni Fil 46.50 44.85 47.00 47.00 43.50 611.33 48.00 18.70 20 44.95
TCS [1] . . . . . . . . . . . . . . . . . . . . . .. . . . 2352.55. . . . 2332.45. . . . 2355.00. . . . 2356.15. . . . 2316.00. . . . . 603.19. . . . 2740.00. . . . 2054.70. . . . 19. . . . 2332.50 Bank 1.68, Maruti 1.53, Cipla 1.49 Gita.Gems 70.25 69.50 70.65 70.70 69.30 289.82 93.60 34.00 17 69.55 Kaushlya Inf 3.60 3.65 3.55 3.70 3.55 22.68 7.86 3.55 - 3.62
Tech Mahindra [5] . . . . . . . . . . . .. . . . . 426.20. . . . . 430.40. . . . . 428.50. . . . . 434.30. . . . . 427.20. . . . 2018.82. . . . . 563.75. . . . . 405.10. . . . 13. . . . . 430.20 GKW 408.20 400.00 401.75 410.20 399.25 1.32 729.90 390.35 - - Kaveri Seed [2] 556.00 556.60 558.00 566.30 555.20 353.34 589.90 325.25 25 556.75
and Tata Motors 1.25. However, Glaxo Cons 5161.00 5346.90 5200.00 5398.00 5161.30 11.71 6584.20 4650.00 34 5354.15 Kavveri Tel 12.05 12.10 12.05 12.40 12.00 6.55 18.20 10.01 - 12.25
UltraTech . . . . . . . . . . . . . . . . . . . .. . . . 4432.90. . . . 4367.55. . . . 4447.95. . . . 4460.00. . . . 4325.55. . . . . 222.09. . . . 4455.45. . . . 3050.00. . . . 46. . . . 4365.65 KAYA Ltd 905.05 919.05 909.00 929.00 907.00 35.10 1016.00 650.00 - 919.65
Wipro [2] . . . . . . . . . . . . . . . . . . . .. . . . . 508.90. . . . . 499.65. . . . . 507.40. . . . . 510.15. . . . . 498.65. . . . . 836.08. . . . . 577.50. . . . . 410.00. . . . 15. . . . . 500.35
Wipro fell (in per cent) 1.64, Glaxo Phr 2424.15 2436.65 2425.00 2488.00 2412.00 12.28 3604.00 2399.00 68 2422.25
KCP [1] 123.80 128.00 123.40 129.25 123.40 364.73 137.95 76.20 71 127.85
Glb.Offsh 49.65 50.15 50.00 50.60 49.50 35.09 188.00 42.00 - 50.15
YES Bank. . . . . . . . . . . . . . . . . . . . .. . . . 1602.50. . . . 1598.40. . . . 1606.00. . . . 1614.95. . . . 1584.10. . . . 1950.44. . . . 1652.90. . . . . 931.50. . . . 22. . . . 1598.90 Asian Paints 1.14, ICICI Bank 0.91, Glb.Vect 108.00 107.40 107.10 109.80 105.00 16.54 136.75 62.40 15 107.75 KCP Sug [1] 35.40 35.70 35.60 36.10 35.35 102.27 33.40 15.75 - -
Glenmark [1] 860.75 887.90 861.70 890.00 861.70 412.54 993.00 729.30 11 888.35 KDDL Ltd 198.90 197.70 198.90 202.95 197.00 23.35 294.50 162.00 27 197.50
Zee Ent [1] . . . . . . . . . . . . . . . . . . .. . . . . 495.65. . . . . 516.20. . . . . 496.00. . . . . 522.10. . . . . 496.00. . . . 5689.81. . . . . 588.80. . . . . 414.70. . . . 51. . . . . 516.05 TCS 0.86 and Gail 0.84. AGENCIES Glob.Spr 67.50 67.30 68.00 68.55 67.00 58.64 115.90 57.75 15 67.45 KEC Intl [2] 221.15 237.35 222.00 239.80 220.35 1106.47 239.70 111.20 29 236.90
GM Brew 440.50 444.55 445.00 449.30 442.25 21.23 719.90 402.50 15 442.90 KEI Ind [2] 227.15 235.10 228.75 236.50 228.75 521.77 237.00 94.50 21 234.65
GMDC [2] 125.35 132.65 143.20 144.95 132.00 8688.81 145.00 64.70 13 132.55 Kellton Tech [5] 118.90 118.95 118.45 120.15 118.20 48.90 213.50 79.00 59 118.95
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 Kesar Ent 60.00 63.95 59.55 65.25 58.15 21.62 75.90 31.05 - 63.15
GMR Inf [1] 17.15 17.00 17.20 17.35 16.9014066.48 18.60 10.25 - 17.05
GNA Axles 229.60 227.70 231.00 231.40 221.00 69.70 275.55 171.10 16 227.95 Kesar Ter [5] 209.20 206.20 211.75 211.75 205.15 15.14 343.75 182.10 14 207.85
GNFC 310.80 316.85 312.35 321.15 312.00 953.82 322.95 112.50 13 316.00 Kesoram In 145.70 144.65 146.85 148.85 143.90 388.74 201.60 105.00 - 145.10
20 Micron [5] 42.85 43.00 43.20 43.80 42.50 41.17 49.00 27.50 11 42.80 BirlaCorp 774.75 774.70 770.60 775.90 768.20 55.62 806.75 366.65 24 772.90 Goa Carb 143.70 143.15 143.10 144.90 142.10 35.21 158.60 76.35 14 142.50 Kewal Clo 1746.35 1742.15 1746.35 1760.00 1722.65 0.22 1993.15 1645.00 25 1753.50
3i Info 5.25 5.35 5.25 5.55 5.25 4656.96 7.20 3.75 - 5.37 Bk of Ind 181.10 180.85 181.90 182.85 178.55 3412.19 197.25 78.60 - 180.55 GOCL Corp [2] 448.40 438.80 453.95 461.00 438.00 9.08 469.00 153.00 200 439.75 Keynote 36.95 37.15 37.15 37.15 37.15 0.10 50.25 30.50 - 45.75
3m India 11992.05 12219.65 12274.95 12370.00 12100.00 1.10 15200.00 10055.00 6612285.05 Bk of Mah 35.65 35.45 36.00 36.20 35.25 298.56 40.70 25.00 - 35.45 God.Pow.Isp 94.40 96.15 95.00 97.75 94.25 36.55 123.40 51.50 - 95.80 Khand.Sec 16.55 17.00 16.55 17.35 16.30 3.88 20.75 14.65 - 16.90
63MoonsTec [2] 75.70 75.60 76.50 76.90 75.40 26.01 96.00 69.00 10 75.80 BL Kash [1] 32.70 31.40 32.90 33.00 31.10 614.02 34.15 15.75 - 31.40 Godfrey [2] 1195.85 1202.25 1208.00 1223.00 1195.00 74.91 1542.00 807.15 49 1203.25 Kingfa S&T 845.30 824.70 869.90 870.00 819.95 7.88 1242.52 685.83 75 822.65
8K Miles [5] 616.85 623.90 621.00 645.00 620.00 716.25 840.00 472.35 - 624.55 Bliss GVS [1] 166.85 168.10 168.70 170.50 167.60 362.14 187.75 79.00 32 167.60 Godrej Cons [1] 1929.40 1924.05 1943.00 1954.00 1891.00 468.96 1956.20 1285.55 77 1924.80 Kiri Ind 278.65 281.00 281.40 288.50 280.00 109.91 404.75 187.40 9 281.05
BLSIntlServ [1] 180.25 182.60 183.90 189.25 180.70 217.39 205.00 97.44 - 182.10 Godrej Ind [1] 568.00 566.35 570.20 576.05 562.55 784.20 578.00 338.10 - 565.15 Kirl.Bros [2] 262.05 277.00 261.20 279.00 261.20 89.57 297.00 116.25 60 276.25
A ................................................ Blue Blends 43.05 43.95 43.05 44.50 43.05 4.37 101.00 35.00 12 44.50 Godrej Pr [5] 530.25 528.10 535.00 535.00 525.10 256.98 585.05 285.00 92 527.45 Kirl.Elec
Kirl.Ind
41.95 41.45 42.35 42.35 41.25
1401.95 1372.55 1361.50 1410.00 1360.00
98.51
1.01
100.80
1621.90
26.95
590.00
8
30
-
1370.15
A2Z InfraEng 48.50 47.85 48.65 49.70 47.45 822.56 52.70 22.40 - 47.80 Blue Dart 4611.45 4682.20 4615.00 4699.00 4615.00 4.35 6333.00 4162.10 80 4673.40 Gokul Agro [2] 30.50 31.30 31.80 31.80 30.40 98.78 34.40 11.02 20 31.05
Aarti Drug 534.70 533.65 539.00 542.00 532.00 5.90 684.00 431.10 18 534.65 BlueStar [2] 704.15 692.70 714.60 722.00 682.10 159.12 723.95 407.65 59 687.70 Gokul Ref [2] 27.40 28.75 28.75 28.75 27.55 32.61 29.50 11.00 - 29.50 Kirl.Oil [2] 398.30 399.85 398.40 405.00 393.50 91.71 416.00 229.95 30 400.85
Aarti Ind [5] 865.50 865.00 864.65 873.70 860.20 11.59 900.00 480.10 24 869.25 Bodal Chem [2] 157.30 157.80 158.60 160.25 157.20 361.28 167.75 82.00 15 157.70 Goldiam Int 90.45 89.90 90.60 92.00 89.50 25.85 99.30 45.70 17 89.45 Kitex [1] 403.15 400.50 403.15 409.00 396.40 52.18 543.20 354.00 21 400.40
Aarvee Den 71.20 71.05 72.00 72.45 70.50 12.40 110.90 55.65 28 71.20 Bomay Bur [2] 886.95 888.10 893.45 899.90 884.10 84.54 958.70 351.50 - 889.50 GoodLuck St [2] 89.95 90.50 90.50 90.90 90.00 24.31 134.40 78.10 10 90.15 KM Sug [2] 25.95 25.10 26.45 26.45 24.60 417.04 37.50 6.40 6 25.10
AB Nuvo 1688.35 1692.60 1699.00 1702.00 1674.00 259.59 1746.95 846.75 57 1692.20 Bombay Dye [2] 83.00 85.00 84.00 86.25 83.45 2893.65 92.50 41.20 - 84.95 GP Petrol [5] 92.60 92.20 93.25 93.75 91.65 83.57 103.60 54.75 24 92.25 KNR Con [2] 204.40 206.35 206.80 210.95 203.05 75.49 211.90 100.60 17 207.25
Aban Off [2] 219.30 219.30 220.05 220.95 218.60 355.28 286.00 188.35 4 219.15 Bombay Ray 136.15 143.00 136.20 144.80 133.55 241.69 198.00 118.35 - 142.40 GPTInfraProj 242.65 241.00 244.95 244.95 239.00 11.57 299.85 192.05 32 241.20 Kohin.Foods 77.55 80.20 77.80 81.40 77.00 420.91 95.60 42.50 11 80.00
ABB India [2] 1532.35 1601.95 1549.80 1620.00 1531.30 776.04 1619.45 950.00 84 1598.80 BPL 79.60 79.65 80.15 81.50 79.45 364.93 100.40 26.30 7 79.20 Granuels [1] 140.45 142.25 141.20 143.45 140.25 796.92 154.25 91.45 24 142.15 Kokuyo [1] 102.40 100.00 101.10 101.90 99.25 133.73 108.25 69.10 - 100.10
Abbott 4203.60 4206.45 4259.95 4259.95 4160.15 2.10 5190.00 4090.00 30 4219.70 Brigade 244.95 242.30 246.40 249.45 240.05 78.18 260.00 145.00 29 242.55 Graphite [2] 120.20 118.30 121.40 121.45 117.60 179.30 137.25 70.10 34 118.85 KoltePatil 185.15 185.90 186.00 187.30 184.10 108.20 204.00 78.75 34 186.45
AccelyaKal 1477.35 1488.20 1477.00 1494.00 1470.05 3.24 1864.00 1031.00 25 1486.35 Britannia [2] 3592.95 3711.30 3587.00 3721.80 3587.00 334.68 3725.00 2523.90 53 3712.85 Gravita [2] 70.00 71.65 70.40 72.70 69.05 461.86 72.75 16.00 32 71.60 Kopran 92.60 94.80 93.30 96.15 92.20 1357.18 102.50 42.70 38 94.35
Action Con [2] 66.25 68.30 66.75 70.60 66.15 982.67 70.45 38.20 48 68.25 Brooks Lab 132.00 132.85 132.15 134.50 130.10 41.89 194.40 72.00 29 132.50 GreenlaInd [5] 641.05 642.00 640.00 656.00 640.00 5.43 865.00 500.00 40 650.00 Kothari Pet [5] 28.95 28.75 29.00 29.25 28.45 25.30 0.63 0.23 - 0.38
Adani Ent [1] 118.20 122.80 119.45 123.85 118.5012398.02 160.60 58.35 42 122.95 BS 1.95 2.05 1.95 2.05 1.95 781.59 95.55 52.30 - 82.60 GreenPly [1] 286.10 286.90 286.10 287.90 281.55 42.23 309.00 195.00 26 287.95 Kothari Pro 195.35 195.30 195.05 197.90 195.00 5.16 235.30 151.60 11 196.55
Adani Pwr 31.20 31.10 31.20 31.60 30.85 5131.33 46.30 23.35 - 31.10 BSE 994.70 997.10 1006.00 1008.90 995.00 53.25 1200.00 886.50 - - Grindwel [5] 387.80 389.45 391.80 392.85 385.00 10.76 403.55 305.00 38 387.25 Kothari Sug 13.65 13.80 13.60 13.85 13.50 37.90 15.85 4.45 - -
Adani Trans. 73.80 75.80 74.30 76.40 73.80 614.55 96.00 28.35 - 76.05 BSL 85.55 82.40 85.55 85.55 82.00 15.95 95.55 52.30 16 82.60 GRP Ltd 1668.55 1650.00 1679.00 1679.00 1650.00 0.29 1802.00 990.25 20 1651.40 KPIT Cum [2] 128.85 129.20 128.95 130.30 128.95 316.54 196.60 121.30 15 129.30
ADF Foods 257.20 258.70 258.15 273.20 253.00 865.40 273.70 82.00 42 257.70 BtrflyGandhi 189.45 187.25 190.05 191.00 186.35 5.97 274.75 138.15 - 187.95 Grt Offshor 16.25 16.20 16.25 16.40 16.05 37.21 47.50 15.05 - 16.15 KPR Mill [5] 755.15 756.40 760.00 772.00 750.00 24.11 770.10 433.83 24 753.95
Adhunik Met 6.70 6.75 6.75 6.85 6.70 85.02 9.30 5.77 - 6.75 Burnpur 10.00 9.85 10.20 10.20 9.80 487.55 17.50 8.82 - 9.86 Gruh Fin [2] 413.15 421.10 413.70 432.85 413.70 323.40 436.00 246.70 52 420.50 KRBL [1] 418.75 420.30 420.00 424.70 416.00 32.78 444.00 218.25 25 422.00
AdityaBirFas 158.80 158.15 158.95 163.50 156.70 364.45 184.75 124.00 - 157.75 Grvs.Cot [2] 164.70 162.35 165.00 167.90 161.00 1325.70 178.00 115.20 23 162.05 KSB Pumps 677.25 672.60 685.05 685.05 665.95 6.88 767.95 549.90 39 670.00
Adlabs Enter 83.95 83.80 84.25 86.00 83.50 371.99 117.30 69.60 - 83.75 C ................................................ GSFC [2] 143.25 145.35 144.40 148.50 144.25 3076.97 148.40 67.00 22 145.55 Kwality [1] 147.20 147.10 148.00 149.85 146.50 712.89 169.05 99.45 22 147.30
Ador Weld 340.20 334.80 337.50 337.55 334.00 9.62 349.00 255.00 23 335.05 Cadila HC [1] 473.85 470.15 477.00 497.00 465.50 3179.19 497.25 305.05 72 470.05 GSPL 170.55 178.35 171.40 181.50 171.40 1232.88 204.00 119.00 21 178.95
AdunikInd 109.95 109.65 109.50 111.20 108.20 29.69 201.50 53.05 - 107.45 Cambridge 87.00 87.00 88.00 88.40 86.20 5.64 142.05 77.05 54 87.15 GSS Info 25.35 25.65 25.80 26.00 25.25 41.64 38.40 20.05 - 25.55 L ................................................
AdvancedEnzy 1993.85 1961.95 2004.00 2005.00 1950.60 45.77 2377.00 1161.00 158 1962.10 Camlin Fine [1] 89.65 90.75 89.15 91.90 89.10 226.25 119.60 82.65 54 90.75 GTL 16.85 17.00 16.95 17.20 16.85 103.89 24.60 10.50 - 17.00 L&T Fin Hld 134.30 134.60 135.00 136.60 134.20 2304.77 140.30 70.10 96 134.70
Advani Hot [2] 57.95 60.90 58.30 61.00 58.00 5.35 69.00 47.10 31 60.70 Canara Bk 373.60 368.55 374.00 376.90 364.00 5228.70 414.90 171.00 20 368.40 GTL Infra 5.50 5.40 5.50 5.60 5.30 2169.83 7.24 1.63 - 5.42 L&TInfotech [1] 748.40 751.40 750.00 754.20 745.60 96.32 754.00 595.00 14 749.95
Aegis Log [1] 185.80 184.70 186.85 189.70 184.00 224.94 214.00 107.20 118 184.90 CanFinHom 2793.55 2804.90 2780.10 2868.00 2780.10 152.61 2897.00 1079.85 32 2808.60 GTN Ind 20.35 20.15 19.80 20.90 19.35 18.53 26.25 10.42 10 20.00 L&TTechSer [2] 759.50 754.65 761.05 762.00 750.40 300.85 931.00 731.40 17 755.50
AGC Net 108.50 108.55 108.00 109.60 105.60 7.99 112.85 57.45 - 109.30 Cantabil 78.85 78.25 78.85 80.70 77.05 3.00 97.40 57.10 24 78.80 Gufic Bio [1] 65.50 66.40 66.30 67.40 65.50 101.19 74.15 33.30 49 66.65 La Opala [2] 559.65 534.80 559.00 559.00 526.15 42.72 612.00 438.00 54 535.60
AgriTech Ind 58.90 61.30 59.20 61.75 59.20 25.32 66.70 7.03 2 61.15 Cap.First 790.30 794.10 794.95 814.00 782.65 1717.27 814.80 465.10 40 794.85 Guj. NRE 2.55 2.55 2.55 2.60 2.55 469.02 4.40 2.30 - 2.57 Lak.Eng.Fds [2] 51.95 50.70 52.00 52.50 50.40 414.80 77.00 16.60 4 50.75
Agro Tech 508.10 508.55 515.00 515.00 506.00 9.92 608.80 422.05 47 505.05 CAPITAL TRUST 394.00 400.75 393.70 410.00 392.00 6.01 655.00 322.90 18 398.15 Guj.Alk 456.80 456.80 459.80 459.80 452.55 102.27 483.80 186.50 10 457.60 Lak.Pre Scr 41.95 41.30 41.95 42.90 40.85 3.45 50.00 32.30 - 41.65
Ahluwalia [2] 384.05 385.90 395.00 395.00 383.10 16.36 394.00 240.00 28 385.50 Caplin Point [2] 401.55 405.70 405.00 409.95 403.60 57.12 459.70 184.00 46 406.35 Guj.Flu [1] 753.60 742.65 757.75 762.95 740.00 36.53 816.00 451.00 68 742.00 Lak.Vl. Bk 182.25 180.70 182.50 184.00 180.50 382.81 106.85 68.55 16 -
AIA Engg [2] 1492.25 1523.45 1511.70 1545.00 1505.00 53.37 1641.00 914.95 30 1522.55 CapriGlo [2] 63.40 62.65 63.40 64.20 62.10 28.44 81.40 22.22 24 62.85 Guj.Ind.Pow 107.25 109.15 108.10 110.75 107.85 163.84 116.50 81.25 8 109.10 LambodText [5] 77.25 77.15 78.60 78.60 76.70 9.16 130.00 61.00 12 77.25
Ajanta Phr [2] 1584.50 1598.35 1597.00 1625.10 1589.40 96.41 2150.00 1400.05 28 1597.80 CARE 1571.15 1565.05 1574.85 1594.00 1560.00 16.51 1694.95 956.00 31 1563.10 Guj.NRE DVR 2.00 2.05 2.00 2.15 2.00 36.18 3.84 1.71 - 2.15 Lanco Inf [1] 3.25 3.40 3.25 3.45 3.25 3174.78 5.61 3.02 - 3.39
Ajmera 237.25 237.80 238.00 241.80 234.95 101.97 242.85 95.25 16 237.50 CarrerPnt 104.95 104.50 105.75 107.00 103.80 13.61 141.75 100.05 13 104.20 Guj.Pipav 160.35 159.90 161.25 162.65 157.10 226.84 197.35 121.20 33 160.65 Landmark [1] 3.75 3.75 3.95 3.95 3.65 11.25 5.21 3.00 - 3.73
Aksh Opti [5] 22.80 23.00 22.95 23.25 22.80 728.76 30.80 13.80 20 23.15 Castex Tech [2] 8.50 8.30 8.50 8.60 8.25 678.65 16.87 5.75 - 8.28 Guj.Sid.Cem 31.75 30.95 32.00 32.30 30.50 74.34 36.25 22.50 - 31.15 LAURUS LABS 557.75 554.80 556.00 565.00 551.95 61.05 585.80 453.00 32 555.90
AksharChem 822.00 867.65 833.40 872.00 833.40 74.57 870.00 196.00 13 865.20 CastrolIndia [5] 439.65 441.00 440.85 444.45 438.85 776.89 495.00 354.00 32 440.80 Gujarat Gas 783.60 786.55 784.00 791.50 777.55 86.82 880.00 480.00 38 782.75 LG Balakri 639.40 660.15 648.80 675.05 631.85 73.77 728.80 419.00 17 660.05
Akzo 1978.75 1952.50 1979.00 1984.10 1950.10 6.09 2095.00 1325.00 40 1955.45 CCL Prd [2] 341.55 340.00 340.00 343.95 337.50 105.71 371.80 217.65 48 339.10 Gul.Amb.Ex [2] 141.70 139.10 142.80 143.20 136.40 66.73 146.95 51.30 10 138.55 Liberty Sh 175.50 186.00 176.50 192.80 176.00 512.79 209.00 129.15 35 186.20
Alankit [1] 21.25 21.05 21.50 21.50 20.80 84.90 42.70 17.35 - 21.15 Ceat 1699.85 1647.55 1710.00 1712.00 1628.00 1141.74 1713.95 731.20 18 1643.20 Gul.Apl 173.00 172.55 172.10 174.00 172.00 38.94 180.60 118.00 24 173.00 LIC Hsg Fin [2] 682.75 697.35 682.90 698.50 682.90 1619.72 727.40 431.60 18 697.25
AlbertDavid 322.05 321.90 328.00 328.00 320.00 1.80 424.80 276.15 18 322.00 CEEBCO 13.65 13.60 13.75 13.80 13.50 32.74 19.00 12.03 - 13.61 Gulf Oil Lub [2] 775.10 772.65 777.70 777.75 767.00 54.87 788.90 511.00 32 772.05 Linc Pen&Pla 292.20 292.15 284.20 293.90 284.20 2.59 338.95 182.50 24 291.00
Alchemist 18.60 18.35 18.95 18.95 18.20 60.37 31.30 18.05 - 18.50 Celebrity 16.75 16.90 16.90 17.35 16.80 106.41 18.80 7.79 - 16.95 GulshanPoly [1] 88.90 89.70 91.00 91.00 87.50 28.83 102.10 64.09 17 89.55 Lincoln Phar 222.00 223.85 222.85 225.00 221.00 23.92 256.20 128.00 16 223.85
Alembic [2] 47.65 48.30 48.95 49.80 48.00 1507.31 51.65 32.40 44 48.25 Celes.Bio 25.30 25.30 26.20 26.20 25.00 32.49 30.35 18.15 - 25.40 GVK Pow [1] 6.10 6.35 6.10 6.45 6.00 6649.24 7.70 4.13 - 6.33 Linde Ind 445.00 450.85 445.70 453.85 445.00 70.79 499.00 257.60 - 451.10
Alembic Ph [2] 592.05 600.60 602.75 606.00 593.00 60.57 709.30 517.90 26 600.05 Cent Enka 432.60 430.50 435.75 445.00 426.70 362.27 454.00 199.80 11 430.00 Gyscoal [1] 10.50 10.05 10.40 10.50 9.95 500.10 15.80 3.62 - 10.18 LloydEletEng 250.70 248.40 251.80 253.95 247.05 204.37 340.40 207.80 9 248.60
Alicon [5] 507.55 516.40 506.00 524.80 506.00 8.08 529.00 280.00 26 512.80 Cent.Bk 119.75 117.45 122.30 123.25 116.60 2351.07 123.20 73.10 - 117.35 LloydsSteel [1] 2.00 2.00 1.95 2.05 1.95 269.30 2.68 0.94 - 2.03
Alkali Met 81.60 81.40 82.60 82.70 80.10 7.84 107.70 40.10 - 80.75 Cent.Elec 628.30 623.65 631.90 632.00 617.70 1.26 708.00 435.00 27 619.70 H................................................ LML 12.00 12.50 12.05 12.95 11.85 601.23 17.33 6.60 - 12.49
AlkemLabs [2] 1907.60 1906.35 1920.00 1935.95 1901.30 19.31 2238.00 1182.25 29 1907.65 Cent.Ply [1] 257.60 257.30 257.60 259.45 254.35 63.21 271.05 154.50 34 257.15 Hanung 4.35 4.40 4.35 4.40 4.30 21.80 8.55 3.96 - 4.31 LMW 4408.65 4524.40 4444.25 4569.00 4412.35 6.07 4746.45 3340.00 27 4521.10
Alkyl Amine [5] 459.00 456.50 460.00 465.15 454.05 8.70 539.00 279.60 17 456.10 Cent.Txt 1180.60 1182.45 1185.00 1194.75 1172.20 948.97 1195.00 580.25 203 1182.55 Harita Seat 706.90 711.30 710.05 719.90 708.20 1.55 790.00 483.25 20 719.00 Lok.Mach 99.50 99.60 99.60 101.50 98.60 30.52 109.70 61.15 73 99.15
Allahbd.Bk 87.55 87.20 87.85 88.15 86.30 5399.16 90.30 49.20 - 87.00 Cera San [5] 3050.70 3053.55 3044.00 3100.00 3017.55 3.54 3225.00 1853.15 39 3063.30 Harri.Mal 93.25 92.85 93.60 94.90 92.15 51.17 102.45 55.25 - 92.80 Lotys Eye 35.10 35.20 35.40 35.55 34.60 82.52 39.00 14.50 - 34.90
Allcargo [2] 183.75 183.75 183.65 185.60 182.65 254.84 221.60 143.30 41 183.45 Cereb.Int 45.30 45.35 45.90 46.20 44.70 181.29 50.15 11.79 - 45.30 Hathway [2] 39.20 40.75 39.70 42.15 39.50 751.30 49.45 24.00 - 40.75 Lovable 253.75 252.10 253.05 256.70 250.60 46.10 306.65 215.70 19 252.30
Allsec 368.20 375.70 368.50 379.00 362.20 8.47 464.00 152.00 34 375.40 CESC 972.05 987.65 975.50 993.35 975.10 963.35 992.60 526.00 16 988.30 Hatsun Agro [1] 619.05 611.60 619.30 622.75 610.00 15.83 680.00 300.00 70 610.75 LT Ovrseas [1] 66.00 65.55 66.25 66.35 65.30 210.03 68.75 21.11 60 65.65
Alm.Global [6] 18.30 18.40 19.80 19.80 18.30 7.64 22.20 10.00 13 18.55 CGPo&InSol [2] 83.40 88.90 84.40 89.90 84.1512477.99 89.85 55.60 20 88.75 HavellsIndia [1] 493.65 502.15 496.00 504.80 494.90 1049.66 503.10 303.60 51 501.05 Lumax tech 509.55 514.55 5
Alok Ind 3.65 3.75 3.70 3.80 3.70 9725.41 4.88 2.35 - 3.77 Chamb.Frt 120.75 128.75 121.50 138.30 121.50 7661.05 138.00 53.70 12 128.70 HB Stk 25.95 26.90 26.45 28.50 26.45 189.69 28.75 7.30 13 26.95 m
Alphageo 1016.50 1010.00 1017.05 1020.75 1004.10 20.07 1145.50 470.00 28 1012.15 ChmFab Alk [5] 316.05 313.90 318.95 320.45 311.50 13.16 360.00 81.00 14 312.75 HBL Pwr [1] 46.80 46.45 47.00 47.30 46.05 199.01 51.35 29.70 39 46.60
Alps Ind 7.25 7.20 7.35 7.40 7.10 109.65 10.35 3.90 - 7.13 CholaFin 1078.55 1087.85 1080.00 1097.70 1080.00 178.15 1243.90 805.10 24 1085.90 HCC [1] 42.35 43.50 42.70 43.65 42.50 4080.06 48.00 18.00 - 43.45
Amararaja [1] 882.75 899.95 887.90 903.00 883.05 397.02 1077.00 820.80 32 897.70 Chromatic 2.90 2.85 2.90 2.95 2.85 219.92 4.95 2.45 - 2.87 HCG 259.30 258.40 262.55 266.40 255.35 43.87 289.00 167.00 104 256.05 G m
Ambika Cot 1310.25 1295.60 1314.00 1318.00 1295.00 1.62 1418.00 765.00 14 1295.00 Cigniti Tech 326.50 327.40 331.50 337.00 324.00 19.27 493.10 305.00 50 328.60 HCL Info [2] 55.75 55.70 56.15 56.50 55.30 1089.36 64.85 36.00 - 55.70
AMD Ind 30.85 31.10 30.90 31.70 30.10 28.62 40.55 25.00 - 31.05 CIL Nova 26.85 26.90 26.85 27.75 26.85 4.77 36.30 18.26 12 27.90 HDIL 97.30 95.50 97.60 97.65 94.4017988.17 108.75 52.25 28 95.40 M
Amrutanjan [2] 725.65 738.95 720.00 765.00 720.00 63.09 757.00 385.00 48 735.75 Cineline Ind [5] 81.25 81.50 81.00 82.80 80.10 29.46 105.60 26.30 29 81.80 HEG 301.30 295.85 304.00 304.00 295.00 20.77 327.30 144.10 - 296.65 M&M
AmtekAuto [2] 39.40 39.15 39.20 39.95 38.55 1515.38 56.20 30.60 - 39.05 CitiUn Bk [1] 168.50 168.40 168.10 169.90 167.85 835.19 170.40 95.50 21 168.40 Heidelbrg 132.20 133.90 133.45 135.00 132.25 121.26 150.55 91.00 39 134.15 M A m
Anant Raj [2] 68.80 67.65 69.10 69.30 66.90 1400.33 70.70 32.85 38 67.65 CL EDUCATE 440.10 460.90 442.05 465.15 437.00 42.79 474.00 349.55 124 460.50 Herc.Hoi [1] 161.20 163.05 161.60 166.40 160.10 51.42 196.00 132.00 119 163.10 M
Andhar Sug 320.20 325.80 325.80 329.00 322.00 32.94 340.00 163.30 8 324.70 Clari.Chm 657.70 659.65 661.50 663.40 656.55 16.26 838.00 635.00 57 659.05 Herit.Fds 1135.80 1157.90 1141.80 1163.00 1135.30 12.45 1203.15 496.90 38 1159.00 M
Andhra Bk 71.60 70.85 72.00 72.20 70.30 3568.09 76.10 44.80 25 70.90 CMI 215.80 215.35 216.05 218.70 215.10 31.55 260.00 118.10 17 214.75 Hester Biosc 900.65 879.65 900.00 907.95 878.00 4.43 965.00 608.00 30 885.20 M m
ANG Ind 10.20 10.20 10.20 10.40 10.05 12.65 22.50 8.50 - 10.16 CoffeeDayEnt 252.80 251.80 252.65 254.40 250.25 35.38 276.90 190.50 - 252.30 Hexa Trade [2] 20.60 21.65 20.00 21.95 19.80 30.53 24.00 12.25 - 21.55 M V
AnjPortCemen 244.00 243.05 246.95 247.00 240.10 3.46 269.75 122.50 18 242.80 Colgate [1] 1005.75 1019.45 1008.00 1032.45 1004.85 242.59 1048.70 787.60 48 1019.45 Hexaware [2] 250.70 249.05 249.15 253.00 244.00 838.32 252.50 178.10 20 249.00 M C A
Ankit Met 1.70 1.75 1.65 1.80 1.65 45.01 2.68 1.45 - 1.73 CompuageIn [2] 34.05 34.20 35.00 35.00 33.90 115.26 63.95 22.46 11 34.00 HFCL [1] 15.65 15.30 15.95 15.95 15.20 2336.84 20.25 11.09 - 15.30 M H
Ansal Hsg 33.45 32.55 33.75 33.75 32.00 256.00 36.00 15.50 25 32.60 Compucom [2] 14.95 14.75 15.00 15.20 14.70 45.37 22.02 9.05 12 14.90 HighGrdEn [1] 22.50 22.60 22.50 23.25 22.50 72.97 58.55 21.00 14 22.70 M
Ansal Pro [5] 31.70 30.55 32.50 32.90 29.60 1539.03 32.90 13.00 21 30.50 Con.FinHld 73.05 72.75 73.70 73.70 70.45 2.09 78.40 26.55 - - Hikal [2] 220.30 220.70 222.80 224.80 219.35 45.11 256.10 142.60 29 221.60 M
Apar Ind 826.30 831.20 830.00 840.20 823.20 25.96 839.00 462.40 18 832.90 Concor 1196.35 1193.90 1200.00 1212.00 1189.00 204.71 1239.00 844.00 44 1196.30 HIL 850.85 839.20 859.85 863.00 832.15 13.25 888.00 506.00 10 842.20 M m
Apcotex Ind [5] 374.75 372.20 375.00 382.00 368.25 10.95 435.00 274.00 40 373.35 ControlPrint 266.10 274.90 268.00 278.80 268.00 15.07 329.80 225.00 18 275.40 Hilton Mtl 22.65 26.10 22.50 26.95 22.50 868.71 32.25 14.50 - 25.85 M G
APL Apl 1471.35 1459.55 1470.00 1486.30 1450.00 4.21 1550.00 802.00 84 1459.65 Cords Cab 92.85 96.60 93.80 99.80 92.75 92.81 112.85 43.00 27 96.60 Himat.Seid [5] 339.85 340.60 342.00 342.00 333.05 156.80 384.50 211.50 20 339.45 M
Apollo Hsp [5] 1279.05 1304.60 1289.00 1309.05 1275.00 363.00 1442.75 1110.75 58 1304.90 Corom.Intl [1] 402.50 410.55 406.10 416.95 404.95 485.09 417.25 214.85 25 410.10 Hind.Compo 1970.20 1954.90 1973.20 1999.00 1900.00 12.88 2408.00 970.00 18 1959.10 M
ApolloTyr [1] 234.60 231.65 234.95 236.35 228.55 4538.04 253.00 139.35 15 231.20 Corp Bk [2] 61.95 60.20 62.25 62.60 59.90 892.21 64.70 34.00 - 60.40 Hind.Cop [5] 63.90 63.90 64.30 64.85 63.70 579.81 73.60 42.30 - 63.85 M
Aptech 213.65 216.80 213.95 218.70 213.45 284.45 251.00 57.15 95 216.40 Cosmo Film 447.20 446.95 449.95 450.00 444.00 46.71 468.80 310.00 8 448.15 Hind.Media 284.35 283.15 287.25 287.25 282.00 9.09 313.50 252.75 11 283.10 M P
Archidply 77.80 78.65 79.25 79.90 78.30 64.62 85.80 42.95 27 78.50 CounClubH [2] 15.35 15.30 15.30 15.95 15.20 123.82 17.54 11.00 - 15.50 Hind.Mot [5] 9.40 10.05 9.45 10.35 9.45 1250.47 12.80 4.51 - 10.01 M
Archies [2] 31.65 32.40 31.85 32.80 31.55 122.75 40.10 20.05 - 32.35 Count.Cond [1] 3.55 3.55 3.55 3.65 3.50 6.88 6.28 2.96 - 3.57 Hind.N.Gls [2] 104.50 102.30 103.00 103.20 102.05 0.61 154.80 77.00 - 103.80 M
Arcotech Ltd 477.75 402.05 477.00 482.00 401.00 934.22 811.45 314.05 24 402.00 Cox&King [5] 224.50 221.85 226.50 226.50 220.70 134.22 242.00 146.20 21 222.25 Hind.Oil.Ex 78.80 78.90 79.10 79.70 78.15 392.10 89.30 32.35 - 79.20 M
Aries Agro 157.00 159.70 158.85 162.95 158.00 49.99 195.90 99.00 20 159.75 CPCL 397.10 422.70 400.45 424.90 400.35 2420.94 423.55 178.95 6 422.05 Hind.Rect [2] 90.40 92.20 92.00 92.40 89.10 5.46 113.60 58.50 - 90.40 M
ArihantSuper 159.15 165.05 159.00 165.60 156.30 597.99 171.05 66.00 65 165.15 Creat.Eye [5] 4.35 4.55 4.55 4.55 4.55 0.03 5.12 3.00 - 4.18 Hind.Znc [2] 254.00 254.70 256.70 256.90 252.40 1105.61 333.40 161.00 13 255.25 M
ArmanFinServ 192.15 193.95 195.00 195.10 190.15 6.43 325.00 144.00 49 196.80 Crisil [1] 1887.65 1889.55 1890.00 1905.00 1885.25 18.66 2490.00 1865.10 54 1886.50 HindujaFou 32.80 33.90 33.30 34.40 33.00 11.36 65.00 28.45 - 33.65 M P
AroGranite 75.15 75.25 76.00 76.25 74.35 54.65 91.40 41.20 9 75.00 CromGrCon [2] 240.65 237.40 239.90 241.80 235.05 343.43 242.00 126.20 54 236.95 HindujaGlo 548.10 548.40 550.00 558.00 545.10 12.31 637.90 385.00 9 550.65 M
ArowGreenTec 512.65 501.70 513.10 515.95 498.25 12.95 595.10 390.50 47 500.40 CUMI [1] 297.60 296.00 300.00 303.10 294.55 136.34 307.40 207.55 53 296.85 HindujaVen 517.20 520.30 521.00 521.00 514.00 1.66 600.70 391.00 10 519.70 M C M
Arrow Text 47.85 47.75 49.45 49.55 47.30 20.10 55.00 32.00 28 47.60 Cummins [2] 1065.85 1063.00 1076.00 1076.00 1058.00 121.61 1096.20 746.80 40 1063.40 HisarMetalIn 44.65 43.55 44.05 44.90 42.15 0.70 55.35 15.93 14 45.35 M
Arss Infra 77.80 77.75 78.00 79.40 77.30 145.74 113.95 37.50 - 77.85 Cupid Ltd 311.70 310.50 312.05 316.00 310.00 23.31 374.00 251.25 17 310.95 HiTech Gr 329.25 338.60 331.00 342.00 330.95 6.15 400.00 236.00 33 337.20 M C m
Arvind 419.60 420.90 422.00 423.00 417.85 725.31 426.15 283.00 36 420.75 Cybertech 67.90 66.25 71.90 71.90 65.20 94.28 101.00 45.80 26 66.30 Hitech Pls 219.90 215.95 226.80 226.80 215.00 53.70 235.80 140.80 31 216.25 M C m
ArvindSmart 129.65 129.55 130.90 131.60 127.10 185.46 131.50 62.00 17 129.40 CYIENT Ltd [5] 533.30 535.10 536.70 555.45 532.00 62.33 564.40 416.05 24 535.65 Honda Siel 1448.75 1442.95 1468.70 1469.00 1439.95 9.05 1750.00 1160.00 25 1444.90 M D
Asahi India [1] 234.10 232.25 232.20 236.90 230.45 40.62 236.80 143.05 48 232.45 Honey.Aut 11438.65 11421.10 11535.00 11547.90 11360.00 1.22 11524.95 8021.00 5711375.50 M m
Asahi Song 305.55 312.00 309.00 317.90 306.30 19.16 336.90 134.10 17 309.80 D................................................ Hotel Leela [2] 23.60 24.85 23.55 27.30 22.8011252.12 27.25 15.00 - 24.85 M B
Ashapura [2] 64.00 67.80 64.00 68.50 64.00 436.02 85.40 52.95 - 67.70 Dabur [1] 273.45 283.10 273.45 283.80 273.45 2318.59 320.30 258.80 50 282.20 HOV Services 213.05 211.25 214.00 215.75 208.80 52.17 220.90 82.10 176 211.05 M
AshapuraInti 406.40 405.90 409.95 411.95 402.00 78.42 480.50 239.00 61 405.00 Dalm.B.Sug [2] 167.10 167.60 170.70 170.70 167.00 147.40 202.20 84.40 7 167.60 HPCL 527.35 529.20 530.00 532.50 525.10 1186.68 584.45 266.90 9 529.50 M O
Ashiana [2] 231.70 234.50 233.80 239.85 233.10 46.99 250.35 115.80 17 233.60 Dalm.Bhr [2] 2406.50 2367.90 2416.30 2426.00 2341.55 154.57 2425.00 846.35 257 2368.15 HPLElect&Pow 134.25 134.15 134.10 136.65 133.70 576.81 198.00 74.20 32 133.85 M N
Ashima 20.90 21.10 21.25 22.15 20.65 1818.32 22.15 11.42 - 21.25 DamodarInd 95.20 93.85 95.00 96.00 93.05 4.41 99.00 63.95 12 93.05 HSCL [1] 60.90 62.40 61.45 63.95 60.50 4545.77 64.00 17.70 42 62.60 M
Ashok Ley [1] 82.90 85.55 83.05 86.00 83.0516320.70 111.65 73.60 23 85.30 Datamatics [5] 126.40 124.80 126.35 127.00 124.25 155.81 164.85 51.60 21 124.55 HSIL [2] 344.75 346.30 346.90 350.00 345.00 49.65 374.50 255.40 20 345.60 M
Ashoka Bld [5] 204.75 207.55 204.15 211.05 203.25 351.74 231.55 127.00 21 207.85 DB Corp 380.55 374.70 383.55 383.55 372.45 40.91 447.85 311.00 18 373.85 HT Media [2] 82.85 84.45 83.60 86.30 82.45 244.05 96.30 69.50 26 84.35 M
Asian Gran 386.75 387.90 389.40 391.60 382.25 48.55 394.95 155.20 49 386.85 DB Realty 50.40 49.40 51.00 51.00 49.20 393.57 62.45 35.00 - 49.25 Hubtown 163.05 162.80 164.80 167.90 161.50 143.04 172.90 81.55 72 162.65 M w
Asian Htl-E 276.00 271.10 271.20 277.50 271.00 1.19 298.95 142.00 15 273.35 DB Stk [2] 9.55 9.55 9.70 9.70 9.40 3.76 20.10 9.15 - - M
Asian Htl-N 142.00 141.90 140.70 143.70 139.00 1.34 145.00 96.00 - 142.00 DCB Bk 192.20 191.20 191.75 193.80 189.05 2165.25 200.40 87.40 29 191.15 I................................................. M
Asian Htl-W 203.90 196.25 201.30 206.00 196.10 0.61 239.00 117.00 - 197.00 DCM 132.20 136.55 131.65 137.90 131.60 153.43 156.10 79.00 26 136.00 Ibull Real [2] 168.50 167.20 168.45 170.45 166.0510345.25 174.20 57.05 - 167.15 M V &
Assam Com [1] 7.25 7.15 7.30 7.40 7.10 520.11 9.30 4.35 - 7.18 DCMShriram[2] 376.90 378.15 380.50 380.50 377.00 51.23 392.00 160.40 10 376.60 ICRA 4195.65 4197.90 4199.90 4210.00 4154.00 1.07 4518.00 3520.05 56 4169.30 M U
Aster Life 585.65 592.85 593.95 599.90 582.00 43.38 694.80 218.00 44 592.00 DCW [2] 39.55 38.70 39.55 39.90 38.35 1100.36 40.60 25.65 - 38.70 ICSA [2] 2.80 2.80 2.80 3.25 2.75 234.44 4.00 2.06 - 2.85 M
Astra Mic [2] 140.80 145.05 141.00 147.30 141.00 1751.88 147.00 101.75 22 144.55 De Nora 280.35 276.30 284.85 284.90 274.85 7.15 430.00 200.00 51 274.95 IDBI 82.00 78.00 80.10 80.90 77.5510024.18 86.50 62.95 - 77.95 MB
Astral Poly [1] 596.65 590.25 592.40 599.90 585.00 32.17 670.00 368.00 78 589.65 Deccan Cem 1232.10 1244.70 1234.90 1254.00 1230.10 3.18 1279.90 690.00 19 1239.55 Idea Cell 87.00 90.70 86.05 92.40 85.7024788.44 123.75 66.00 - 90.55 M DH
AstraZen [2] 987.15 979.50 963.00 983.80 945.65 98.56 1146.95 909.00 88 980.00 Deep Ind 322.05 319.00 323.85 326.00 317.50 95.17 343.70 155.85 14 319.15 IDFC 64.40 64.25 64.50 65.85 64.0510590.46 71.20 46.15 - 64.25 M R
Atlanta [2] 114.40 114.35 114.90 117.50 113.55 677.40 117.75 31.00 13 114.25 Deepk.Fer 261.55 259.20 263.40 268.40 257.70 385.56 293.40 149.10 17 258.95 IDFC Bank 64.95 65.15 65.30 66.00 65.0011340.23 83.45 44.15 22 65.15 M N
Atul 2480.35 2517.50 2466.10 2529.00 2466.10 114.63 2560.00 1805.00 26 2519.30 Deepk.Ntr [2] 139.90 139.35 140.40 141.50 138.60 43.79 149.25 71.40 49 140.05 IFB Agro 438.25 444.00 434.55 449.85 434.15 5.00 496.90 327.20 12 450.50 MCX
Atul Auto [5] 419.55 420.85 423.00 424.00 419.95 23.51 519.90 392.00 22 423.50 Delta Corp [1] 161.20 166.20 161.85 167.25 161.20 4092.89 218.40 78.25 69 165.70 IFB Ind 632.15 615.75 631.00 631.00 586.25 110.11 695.00 310.50 47 612.40 M
Aurionpro 129.95 130.05 131.00 135.00 129.40 178.64 174.00 90.35 35 130.00 Delta Mag 41.30 39.40 39.30 40.00 39.25 4.30 45.90 23.50 - 38.10 IFCI 32.90 32.55 33.10 33.30 32.45 7799.35 33.40 21.30 - 32.55 M m
Ausom 25.30 25.50 27.80 27.80 24.25 0.61 38.25 18.00 13 25.20 Den Net 97.85 103.00 98.40 103.90 98.10 1215.70 105.00 60.85 - 103.00 IFGL Ref 241.65 242.85 245.95 254.70 237.05 57.36 255.30 97.20 50 243.30 M B
Austral Coke [1] 0.25 0.30 0.20 0.30 0.20 22.49 0.60 0.20 - - Dena Bk 44.60 42.15 43.90 43.95 41.90 5146.80 50.00 28.05 - 42.20 IG Pet 419.40 415.80 420.90 422.90 415.05 28.33 440.00 124.10 13 417.15 M P
Auto Axl 714.75 709.20 705.25 717.95 705.00 6.66 799.90 582.00 25 704.95 Dewn HsgFin 437.90 441.55 437.90 444.45 436.50 1351.75 455.20 182.70 12 441.55 Igarshi 873.60 918.00 875.00 934.70 870.05 56.66 948.00 588.25 38 917.20 M
Auto Stamp 67.75 67.60 67.50 69.45 67.50 4.99 79.90 36.05 - 67.15 DFM FOODS 1656.15 1696.40 1663.05 1705.80 1655.60 1.94 2433.30 1510.05 71 1709.35 IIFLHoldings [2] 494.05 514.10 497.50 517.10 493.35 555.67 525.50 196.15 104 512.55 M
Autoline 56.85 57.65 57.25 59.50 57.25 67.25 68.45 37.15 - 57.70 Dhamp.Sug 227.95 230.35 228.20 234.00 226.50 448.29 256.60 81.80 6 230.55 IL&FS Eng 54.40 54.45 54.20 56.05 54.20 145.94 66.00 36.80 - 54.45 M
Autolite 59.20 59.00 61.00 61.60 58.50 14.78 73.00 41.15 - 59.50 Dhanlk.Bk 40.55 40.10 40.95 40.95 39.65 891.20 42.50 17.20 - 39.90 IL&FS Trn 114.95 116.25 115.30 118.90 114.80 519.46 124.80 65.85 24 116.15 MC
Avanti Feeds [2] 898.90 897.10 907.80 907.80 891.00 13.12 914.90 411.00 25 894.40 Dhanuka Ag [2] 896.85 898.65 900.00 903.95 890.00 18.44 926.70 577.00 36 903.10 IL&FS Ven [2] 16.00 16.00 16.10 16.35 15.90 585.89 19.55 12.95 12 16.00 M C
AvenSupMart 780.05 790.85 781.90 795.00 780.00 1251.05 825.10 558.75 102 790.15 Dhar.Sugar 28.90 28.95 29.45 29.50 28.80 19.79 71.40 24.35 28 29.00 IMP Pwr 103.35 107.25 106.45 107.40 103.35 14.14 119.50 75.40 26 107.40 M
AVT Natl [1] 48.50 47.95 48.50 48.65 47.60 142.38 50.95 28.10 27 48.05 Dhun.Inv 247.45 240.55 248.00 252.80 238.00 1.82 292.35 125.00 12 241.95 IMPAL 794.15 822.15 782.05 833.80 782.05 1.21 995.00 670.00 23 821.15 M
AxisCades [5] 162.70 162.65 162.00 165.60 161.75 83.25 289.90 133.50 32 162.55 Dhunseri Tea 310.05 309.15 307.00 314.90 307.00 3.71 100.00 68.10 5 91.10 Impex Fer 1.70 1.65 1.75 1.75 1.65 10.11 2.50 1.03 - 1.72 M
AYM Syntex 80.00 81.60 80.00 85.00 80.00 85.31 115.20 65.00 8 81.40 DhunserPetro 91.65 90.85 91.35 91.60 90.10 12.15 100.00 68.10 2 91.10 Ind Terr [2] 205.10 205.90 204.30 208.50 204.00 43.19 218.00 118.30 32 205.50 M
Diamond Pwr 34.20 32.90 34.20 34.40 31.10 201.41 63.15 27.30 - 33.15 Ind.Bk.Mer 19.65 19.55 19.55 19.85 19.10 187.43 22.10 6.30 - 19.50 M
B ................................................ DIC India 490.70 493.55 499.00 503.85 491.00 4.69 640.00 443.00 30 491.25 Ind.Card 199.25 200.20 200.00 202.00 199.00 1.37 277.90 192.00 7 199.30 MM
Bafna Phr 28.85 28.55 29.35 29.35 28.45 20.59 35.80 26.25 - 28.55 Digjam Ltd 16.75 16.65 16.80 17.15 16.50 360.14 17.60 9.25 - 16.60 Ind.Cem 208.90 214.25 209.25 214.90 207.00 4430.37 221.05 83.05 34 213.80 MM C
BAG Films [2] 4.90 4.80 4.90 4.95 4.80 43.34 7.29 3.79 - 4.82 DilipBuildco 472.15 468.80 474.90 476.00 465.00 164.47 484.00 178.60 28 469.05 Ind.Gly 174.50 184.00 177.45 186.00 175.50 405.54 185.70 79.05 25 184.00 M
Bajaj Corp [1] 373.25 379.95 374.95 381.85 374.00 49.84 436.00 340.00 24 379.25 Dish TV [1] 95.10 92.20 95.60 97.00 91.60 6182.96 110.95 76.90 36 92.20 Ind.Hume [2] 405.00 406.35 407.95 411.00 405.00 9.15 459.00 160.50 26 405.90 MO
Bajaj Elect [2] 353.20 351.20 354.20 355.50 350.25 56.19 387.85 202.50 34 351.20 Dishman [2] 309.15 310.40 309.40 316.00 308.60 575.35 346.25 127.60 59 310.40 Ind.Inv.Tru 79.85 81.75 80.40 81.85 80.15 0.43 99.00 57.00 - - M P
Bajaj Finan [2] 1286.10 1327.00 1295.00 1331.00 1293.55 1302.19 1350.00 722.00 43 1326.40 Divis Lab [2] 632.05 637.35 634.00 642.15 632.95 517.61 1380.00 607.00 15 637.60 Ind.Metals 560.55 554.05 560.00 573.00 550.55 32.73 823.00 114.10 64 552.70 M
Bajaj FnSv [5] 4378.45 4391.45 4400.00 4431.80 4356.00 104.35 4741.95 1725.00 533 4390.05 DLF Ltd [2] 199.50 199.40 200.90 201.10 196.25 7080.13 203.35 101.05 36 199.40 Ind.Nippon 642.55 660.85 652.75 668.00 650.00 5.73 728.40 375.00 24 661.20 M
Bajaj Hind [1] 16.40 16.55 16.45 16.90 16.35 4653.34 24.20 12.90 - 16.60 D-Link [2] 142.70 141.95 144.50 144.50 141.10 85.86 154.00 75.25 22 141.45 Ind.Ovr.Bk 30.45 30.65 30.70 30.90 30.20 2805.97 32.25 21.10 - 30.75 M
Bajaj Hld 2106.40 2125.70 2124.00 2135.00 2115.00 6.95 2235.00 1440.05 24 2116.95 Dolp.Off 120.45 121.10 122.00 122.35 120.00 62.50 142.90 78.00 - 120.90 Ind.Ram.Sy 37.25 37.20 37.10 38.50 37.10 48.59 42.60 27.05 13 37.10 M C
Bal Phr 98.25 100.75 98.50 102.10 98.00 107.49 123.30 81.00 48 100.85 Donear [2] 74.75 74.20 75.60 76.00 74.00 34.73 85.15 24.50 50 74.00 IndbullsVent [2] 129.85 136.30 136.30 136.30 136.30 379.85 136.55 15.10 102 136.55 M
Balaji Amn [2] 390.70 390.85 392.50 397.70 390.00 25.50 401.10 195.40 14 392.00 DPSC 40.60 40.60 40.60 41.45 40.20 40.74 48.60 16.40 - - Indian Bk 348.60 353.15 349.00 360.90 348.00 1899.12 360.50 84.80 12 353.10 M
Balaji Tele [2] 109.50 113.10 110.00 116.90 109.80 643.42 120.05 73.85 32 113.20 Dred.Corp 645.70 662.30 649.80 679.00 640.15 306.27 720.95 360.20 61 661.90 Indian Htl [1] 130.10 132.50 131.00 133.50 130.40 469.51 143.00 88.80 78 132.20 M B
Balkrishna [2] 1537.70 1554.70 1539.00 1567.95 1533.55 78.21 1603.90 649.00 20 1550.60 DrLalPathLab 951.60 961.55 959.95 968.00 947.50 163.68 1278.55 792.50 53 960.85 Indo Count [2] 203.15 203.75 203.95 207.90 201.25 1764.73 209.90 134.60 16 203.65 M
BalkrishPap 84.65 92.65 84.65 93.95 84.50 420.53 119.50 26.40 - 92.20 DS Kulk 61.65 60.55 61.55 62.40 60.10 34.42 85.90 54.40 32 60.55 Indoco Rem [2] 226.75 229.95 226.10 230.40 225.30 108.60 360.35 209.00 27 228.30 M m
Ballarpur [2] 19.85 20.60 20.00 20.90 19.80 6136.83 21.65 12.87 - 20.55 DuconInfrTe [1] 38.85 42.70 40.70 42.70 39.05 132.04 92.10 12.75 - 43.00 Indosolar 6.05 5.95 6.15 6.15 5.90 395.36 9.45 5.72 - 5.96 M
BalmerLaw 230.85 233.05 231.35 237.50 231.35 66.19 286.73 140.68 17 232.90 Dwarikesh 462.45 464.15 463.90 473.00 461.50 157.08 503.50 178.00 6 462.40 Indotech Tr 212.25 220.25 218.55 221.95 213.10 8.43 297.95 178.00 - 220.00 MP
Balrampur [1] 159.70 165.85 160.00 166.80 160.00 3010.09 170.55 98.60 6 166.00 Dynac.Sys 19.30 19.50 19.50 19.50 18.55 2.91 26.79 9.61 12 19.50 IndoThai 33.35 36.65 35.00 36.65 34.95 251.70 36.50 17.10 - 36.50 M
Ban.Amn.Spg 311.00 316.25 315.05 320.00 313.00 1.28 356.00 210.00 26 315.85 Dynamatic 2694.70 2744.70 2740.00 2750.00 2705.00 1.43 3650.00 1865.05 66 2751.25 Indra.Gas 1011.30 1020.35 1011.30 1033.85 1010.50 261.13 1084.00 555.50 26 1022.55 M
Ban.Amn.Sug 1953.90 1940.60 1959.05 1990.00 1940.00 1.26 2325.00 1722.00 15 1940.00 Indra.Med 57.95 57.75 58.45 58.55 57.40 100.98 64.30 45.00 19 57.85 MRP
Banco Ind [2] 232.10 232.55 234.75 236.95 231.30 61.01 248.50 124.70 16 233.05 E ................................................ IndSwifLab 44.75 45.65 45.80 46.60 43.65 57.03 47.90 32.50 - 45.55 M P
Bans.Syn 228.60 226.35 231.50 234.00 225.55 21.74 261.00 107.00 15 226.00 ECE Ind 236.30 233.30 237.05 237.05 233.10 0.05 188.80 85.05 182 - INEOS Styro 717.95 718.80 729.00 729.00 712.00 3.49 787.70 538.00 17 720.60 M
Bartronics 16.15 17.75 16.20 17.75 16.20 577.41 24.90 8.10 - 17.65 Eclerx 1330.65 1347.25 1340.00 1358.80 1336.00 7.04 1775.00 1275.10 14 1352.95 Infibeam Inc 1007.65 1003.15 1015.00 1023.60 992.00 419.12 1447.55 480.50 136 1002.20 M N
BASF 1338.95 1346.25 1336.95 1370.00 1330.15 13.07 1389.90 920.00 - 1342.65 EdelFinSer [1] 178.50 181.35 179.75 182.60 178.85 1732.50 185.30 57.60 114 181.15 Infinite 233.30 236.25 234.95 240.30 232.95 33.96 277.00 189.65 8 236.75 M
Bata India [5] 578.15 574.85 578.90 582.80 568.65 325.04 613.55 400.00 45 575.10 Educomp [2] 10.20 10.15 10.20 10.25 10.15 258.44 15.30 8.75 - 10.27 Info Edge 846.55 849.10 849.00 852.10 838.50 29.53 1012.00 720.00 45 848.30 M
Bayer Crop 4682.45 4708.05 4641.05 4748.90 4641.05 13.81 4751.50 3680.15 48 4705.95 EID Parry [1] 331.60 349.30 331.60 354.00 331.60 756.73 353.55 218.00 23 348.65 Infrasoft 371.85 380.10 371.85 382.00 370.95 23.01 584.40 306.00 137 380.55 M A
Bedmutha 42.15 43.35 43.00 44.45 41.00 124.12 49.00 13.05 - 42.95 EIH [2] 135.95 136.55 136.70 137.50 135.30 99.79 138.10 85.90 65 135.90 Ingersoll 891.75 898.95 892.00 907.90 888.85 8.92 940.00 621.50 38 896.30 M A
BEL [1] 181.25 183.95 180.40 185.00 180.40 2469.42 184.95 108.37 26 183.90 EIH A Htl 371.45 371.65 370.50 374.00 370.50 1.68 385.00 259.90 26 370.10 Inox Leis 281.20 280.45 280.05 284.85 280.00 73.11 305.85 190.90 89 280.20 M w
BEML 1332.40 1361.40 1338.75 1368.00 1330.85 270.89 1440.00 770.15 106 1359.75 E-Land Appar 24.00 24.35 24.45 24.75 24.00 22.18 41.45 20.10 - 24.45 Inox Wind 201.25 198.95 202.00 205.40 198.30 427.19 255.00 160.95 12 198.60 M B
Berg.Paint [1] 260.30 260.15 260.65 267.90 258.25 971.03 276.80 174.29 62 260.05 Elec. Eng [2] 61.60 63.25 61.75 64.30 61.70 324.83 74.00 45.40 - 63.15 Insectic 634.95 662.60 640.50 669.00 635.00 71.78 668.00 411.50 26 665.75 M C
BF Inv [5] 173.45 172.75 173.95 175.50 172.45 28.18 190.70 103.00 28 172.10 Elec.Stl 5.50 5.50 5.55 5.60 5.40 1652.23 6.75 2.42 - 5.47 IntellecDesi [5] 129.25 128.10 129.25 130.55 127.45 296.49 233.00 107.75 - 128.25 M
BF Util [5] 466.20 466.25 468.50 474.35 462.20 637.57 643.70 356.30 242 465.55 Elec.Stl.Cs [1] 36.15 36.30 36.35 36.50 35.65 306.05 40.60 17.10 14 36.30 IntenseTech [2] 129.20 135.10 129.60 136.50 129.50 91.49 248.70 44.50 20 134.10 MV
BGR Engy 176.70 182.55 178.65 184.80 178.10 1370.38 184.95 98.70 31 182.85 Electrotherm 190.10 189.60 187.00 193.85 183.00 1.97 252.80 51.75 - 190.60 IntGlobAviat 1140.25 1123.90 1130.00 1139.00 1102.10 1199.06 1170.00 790.00 24 1124.20
Bhageria Ind [5] 340.80 358.25 362.00 371.90 355.15 487.12 452.80 70.50 13 358.40 Elgi Eqp [1] 219.85 218.15 220.50 221.90 216.10 57.57 223.25 155.55 46 217.35 Intl Paper 332.25 348.10 330.45 358.15 330.45 93.77 376.00 272.00 27 347.75 N
BhandariHo [1] 2.85 2.80 2.95 2.95 2.80 46.31 5.43 1.72 - 2.81 Elgi Rbr 53.35 55.95 54.00 57.30 54.00 141.42 70.45 27.65 - - Inventure 12.70 12.80 12.50 12.80 12.30 0.87 27.50 12.00 - 12.60 N A C
Bhans.Eng [1] 36.85 39.55 37.20 39.80 36.80 3312.42 44.95 18.50 19 39.55 Emami Ltd [1] 1077.95 1109.55 1084.40 1154.40 1080.00 471.37 1260.80 937.00 73 1099.35 IOL Chem 66.10 66.35 67.70 67.70 65.75 21.28 155.95 58.95 - 66.65 N D
Bharat Bij 1027.05 1040.50 1029.45 1055.00 1017.75 42.86 1120.00 719.75 50 1043.95 Emco [2] 28.30 28.25 28.30 30.70 27.90 2658.84 37.40 23.50 - 28.30 IPCA Lab [2] 546.30 549.60 550.00 564.00 542.95 109.74 656.00 402.00 38 549.20 N O
Bharat For [2] 1109.75 1125.10 1110.00 1133.90 1110.00 1039.64 1175.00 686.80 48 1124.25 Emkay Glo 94.00 95.50 94.05 97.80 93.15 22.22 104.95 49.15 39 95.35 I-PruLifeINS 410.00 410.80 411.25 414.50 409.15 227.29 423.35 273.65 55 410.50 N
Bharat Gea 129.70 133.00 130.70 134.90 129.70 49.29 170.75 72.20 - 133.20 Emmbi Ind 166.65 166.55 166.05 168.00 165.00 16.53 176.15 87.35 24 167.00 IRB Infra 259.10 262.55 260.70 263.80 258.55 2697.65 272.40 177.50 72 262.25 N C
Bharat Ras 2828.80 2838.45 2845.00 2886.85 2821.00 1.17 3112.00 1005.25 26 2838.00 Empee Dis 46.10 46.40 46.55 47.00 45.50 13.29 76.75 44.50 - 46.20 ISMT [5] 13.70 13.75 13.75 14.00 13.40 81.57 16.35 7.15 - 13.62 N
Bharat Wire 105.10 105.05 105.90 107.40 104.40 348.01 120.50 38.00 - 105.30 EnduranceTec 794.95 809.65 801.85 819.90 796.05 87.95 855.00 518.25 51 811.15 ITD Cem [1] 187.10 188.35 187.95 189.90 186.10 96.52 193.35 118.10 62 188.05 N C
BharatFinInc 761.00 760.65 763.05 769.00 756.00 1692.43 938.75 465.40 36 759.70 Energy Dev 30.90 31.40 31.25 32.50 30.00 332.21 249.20 30.05 - 31.55 ITDC 646.60 648.30 646.60 663.00 646.00 49.93 747.00 203.00 - - N
Bharati Def 11.30 11.45 11.55 11.55 11.10 17.29 30.70 9.27 - 11.15 Eng.India [5] 167.55 168.15 168.05 168.95 167.20 1099.29 174.25 85.60 34 168.15 ITI 108.10 106.35 108.65 109.25 103.05 636.16 117.90 24.30 26 106.05 N P
Bharti Infr 574.50 586.30 580.00 599.95 574.05 25.58 626.85 447.10 46 581.40 Ent.Net.Ind 790.60 798.25 795.00 802.00 791.10 0.76 907.95 663.00 63 800.00 IVP 160.90 162.60 161.25 166.90 161.25 7.21 187.55 74.00 16 162.60 N
BHEL [2] 176.85 177.10 177.10 179.00 175.85 4608.74 182.65 113.90 68 177.50 Eon Elec [5] 74.10 74.30 76.00 76.00 73.90 17.38 90.00 48.00 30 74.55 IVRCL Inf [2] 4.95 5.10 5.00 5.15 5.00 633.84 6.80 3.75 - 5.05 NA CO
Bhushan Stl [2] 88.60 87.90 88.60 91.00 86.70 1678.93 91.00 34.50 - 87.75 Equitas Hold 165.00 165.05 166.65 166.70 163.30 3710.05 206.00 137.80 - 164.95 IZMO Ltd 55.55 55.30 55.65 56.50 55.05 35.88 74.00 40.10 - 55.50 N w
BigBlocConst 88.25 90.75 90.00 91.45 89.50 46.51 91.95 29.00 - 90.80 Eros Intl 243.10 245.75 244.00 247.35 240.20 1325.34 308.40 150.15 20 245.20 N D
Bilpower 1.20 1.20 1.20 1.20 1.20 5.00 1.97 0.72 - 1.28 Esab Ind 613.05 611.75 628.80 628.80 608.00 1.10 671.00 531.00 30 610.50 J. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N H
BinaniInd 87.45 85.90 88.15 90.00 85.25 126.88 120.90 61.00 13 86.15 Escorts 600.70 634.15 604.70 649.40 602.05 6644.01 649.00 166.45 56 634.65 J&K Bk [1] 83.65 83.65 83.60 84.50 83.10 345.80 91.95 54.60 - 83.45 N P
Biocon [5] 1046.05 1004.40 1000.00 1038.00 982.65 3037.53 1188.00 610.40 39 1004.45 ESI [2] 2.55 2.55 2.70 2.70 2.50 35.16 3.93 1.90 - 2.53 Jagran [2] 195.85 197.40 196.00 200.00 193.00 68.34 213.00 162.60 21 195.65 N B G
BIRLA CABLE 44.75 47.90 47.80 49.90 47.10 270.68 52.85 32.10 23 47.45 Essar Shp 30.10 30.30 29.75 31.30 29.75 92.47 36.75 24.30 - 30.20 Jags.Phr [5] 45.75 44.70 46.00 46.50 43.90 24.21 50.75 26.50 37 44.70 N B

CM . .. ... . . ...CH-X
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THURSDAY • MAY 11 • 2017 STOCKS 15
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Natl Fert
Nava.B.Ve [2]
85.55
146.55
86.95
147.90
86.25
147.70
88.90
149.00
86.00
145.10
3763.48
159.94
88.90
155.00
29.65
77.05
28
22
86.70
146.90
R ................................................. SorilInfrRes
South In Bk [1]
136.25
26.30
143.15
26.15
137.20
26.35
144.90
26.60
135.30 343.66
26.0015993.87
247.40
26.70
73.80 -
16.02 12 26.15
- United Nil
United Spr
360.90 360.65 360.10 365.05 360.00 0.13 539.95 280.70 - -
1897.05 1962.60 1900.00 1985.50 1900.00 532.09 2729.40 1775.05 97 1964.55
Navin Flu 3073.05 3055.50 3068.00 3091.80 3040.00 6.15 3250.00 1920.55 26 3037.50 R Sys Intl [1] 48.25 48.25 48.40 49.85 48.05 30.84 69.85 47.00 18 48.65 SpacenetEnt 0.60 0.60 0.65 0.65 0.55 220.52 1.90 0.50 - - Unity Inf [2] 8.55 8.60 8.55 8.80 8.55 49.63 13.80 7.56 - 8.55
Navkar Corp 214.90 215.45 214.00 216.55 214.00 54.58 223.65 155.00 30 214.60 Radaan [2] 1.45 1.45 1.45 1.45 1.45 1.00 2.10 1.13 - 1.59 SPApparels 403.10 397.95 404.05 410.00 397.00 47.99 478.75 276.00 19 401.95 Univ.Cab 93.70 94.35 94.70 95.40 93.05 98.31 123.20 65.25 12 94.65
Navneet Ed [2] 167.40 164.75 168.95 169.50 162.30 75.18 175.00 85.40 25 165.25 Radico [2] 123.55 124.35 124.85 125.40 123.10 435.06 151.00 84.00 21 124.60 Spentex 4.00 3.85 4.00 4.00 3.80 4.47 8.39 2.80 - 3.88 UPL [2] 813.90 823.50 818.95 826.50 817.60 1116.65 859.65 491.20 154 823.65
NCC [2] 95.70 95.40 95.80 96.25 95.00 2901.77 101.50 68.50 21 95.40 Rain Ind [2] 107.70 106.30 108.00 109.20 105.65 1283.52 122.85 30.50 - 106.40 SphereGlobal 64.10 64.20 64.95 64.95 63.25 85.37 84.50 51.20 - 64.15 Usha Mar [1] 19.70 19.55 19.65 20.00 19.50 358.85 23.15 11.50 - 19.55
NCL Ind 214.10 215.10 214.10 218.00 214.10 62.70 226.00 99.90 15 215.30 Rainbow Pa [2] 4.30 4.35 4.45 4.45 4.20 91.28 6.20 1.94 - 4.35 SPIC 28.20 31.00 28.60 31.45 28.35 5915.12 31.50 17.60 - 31.00 Utm.G.Stl 34.45 34.20 34.70 35.20 33.90 197.19 37.15 24.65 - 34.20
NDTV [4] 68.80 68.05 69.80 69.80 66.60 71.63 101.50 60.00 - 68.25 Raj Rayon [1] 0.20 0.25 0.20 0.25 0.20 15.42 0.45 0.22 - 0.24 Spice Mobil [3] 14.70 14.95 14.70 15.25 14.70 12.32 21.00 12.00 - 14.90 Utm.Sug 128.35 130.00 130.30 131.95 128.55 102.58 147.95 40.00 4 131.25
NECaryCorp 46.35 50.95 47.35 50.95 47.35 488.15 111.30 31.35 42 50.70 Raj TV [5] 62.25 63.40 62.25 66.50 62.25 64.90 86.70 52.00 - 63.95 SPL Ind 23.95 23.65 23.50 24.25 23.50 3.32 37.85 20.50 15 24.70
Raj.Exp [1] 625.45 626.20 627.95 632.90 625.30 1246.83 632.95 422.50 45 628.05
Nect.Life [1]
Nelcast [2]
36.10
62.05
36.75
62.25
36.40
62.00
37.30
63.15
36.15
62.00
489.33
33.61
43.65
74.00
28.55
44.50
15
17
36.60
62.00
Rajsr.Sug 62.95 63.95 63.80 64.70 61.70 38.38 89.75 44.00 6 64.05
SQS India
Sr.Leathrs
531.00
129.80
532.25
130.40
539.95
131.95
539.95
133.00
531.05
128.70
15.52
3.16
1240.00
184.75
488.00 26 533.05
104.00 27 129.75
V .................................................
Rajvir Ind 43.05 42.25 42.25 42.25 42.25 0.15 50.40 36.70 - - V Mart 1024.85 1057.10 1025.00 1067.00 1020.40 54.25 1072.00 425.00 48 1064.05
Nelco 90.25 86.25 87.25 87.85 85.80 247.28 109.70 68.40 47 86.20 Sr.Ray.HHP 140.45 139.05 138.25 142.50 135.00 14.96 178.10 69.00 11 138.55
Rallis [1] 236.20 247.95 236.05 250.50 236.05 549.92 264.60 180.25 32 247.50 SREI Infr 106.50 112.85 107.25 113.30 103.60 4528.39 112.90 42.35 59 112.35 V2 Retail 191.70 191.65 192.90 195.00 191.15 34.08 211.00 47.70 18 191.35
Nesco 2549.30 2571.95 2521.00 2579.90 2521.00 2.92 2650.00 1480.05 20 2573.85 VA T Wab [2] 666.60 675.00 666.60 680.95 666.60 149.72 736.85 449.95 22 675.70
Rama News 29.40 30.70 29.40 33.50 29.10 461.22 41.75 19.80 - 30.75 SRF 1761.60 1779.70 1769.20 1788.95 1713.90 119.08 1969.50 1165.50 26 1775.60
Nestle 6704.80 6920.35 6711.65 7000.00 6700.05 100.39 7390.00 5490.00 81 6919.15 Vadilal 974.85 957.90 982.00 982.00 950.00 50.89 1015.00 450.00 34 960.65
Rama Steel [5] 159.60 159.90 160.25 162.90 158.00 181.63 162.85 88.10 29 159.95 Sri Adh Br 241.00 236.50 236.00 244.80 233.05 35.34 311.50 235.00 100 237.70
Netwk 18 [5] 46.85 50.75 46.70 52.05 46.55 2642.17 52.00 30.50 - 50.45 Ramco Cem [1] 705.10 716.55 705.10 721.35 705.10 232.83 728.00 474.00 24 718.55 Vakrang [1] 351.05 351.40 352.55 353.00 348.55 892.66 354.45 160.10 38 351.70
NeueonTowers 4.95 4.95 4.90 5.10 4.85 25.86 13.15 4.25 - - SrikalahPipe 367.45 369.75 368.80 373.05 368.00 69.23 399.45 226.30 10 369.15
Ramco Ind [1] 220.85 230.30 221.30 232.60 220.00 184.33 287.90 110.00 30 229.90 SRS 3.35 3.40 3.25 3.50 3.20 1703.87 12.35 3.22 - 3.42 Value Ind 12.50 12.40 12.40 12.60 12.15 30.53 15.75 10.61 - 12.42
Neuland 1354.30 1357.20 1358.25 1374.70 1348.95 13.95 1680.00 678.00 40 1351.45 Ramco Sys 387.30 385.10 387.85 390.80 383.20 18.15 784.00 286.00 25 385.15 Vard Text 1323.15 1338.90 1330.00 1347.00 1330.00 14.54 1439.95 829.75 11 1335.75
NHPC Ltd 31.05 31.10 31.15 31.25 30.75 8007.35 33.10 20.80 12 31.15 StampeCap [1] 21.55 22.25 21.70 22.40 21.5012533.20 40.00 16.92 - 22.25
Ramk.Forg 481.35 482.55 484.25 488.10 478.25 13.97 536.65 256.25 86 481.75 Star Pap 190.20 202.65 191.90 207.45 191.00 499.68 215.80 37.10 7 201.95 Vard.Acry 51.50 51.10 50.35 51.50 50.35 26.67 184.75 124.00 - 157.75
NIIT [2] 82.70 84.50 83.35 84.95 81.80 821.65 107.80 67.00 - 84.15 Ramky Inf 110.80 108.80 110.25 111.50 108.50 114.43 121.85 51.80 - 108.40 STC India 168.55 171.40 169.95 174.05 168.80 112.16 251.00 81.10 - 171.40 Vard.Hld 2800.00 2745.50 2730.00 2800.00 2701.05 0.75 2985.65 995.00 24 2730.00
NIIT Tech 496.45 527.30 496.70 531.05 492.20 973.77 587.60 370.00 18 527.00 Rana Sug 9.95 9.95 10.00 10.10 9.95 490.68 17.67 6.27 - 10.01 Steel Strp 895.65 911.20 904.95 940.80 900.00 11.02 952.90 379.25 20 911.30 Vard.SPC 119.85 118.20 122.85 122.85 118.00 10.67 140.35 39.74 19 119.50
Nila Infras [1] 17.65 17.40 17.70 17.70 17.35 553.87 19.90 10.25 - 17.40 Rane (M) 479.65 474.70 473.55 483.90 472.15 4.89 568.00 271.00 31 472.90 Stel Hld [1] 83.70 87.00 86.45 89.35 82.50 93.91 0.60 0.20 - - VarunBevera 497.50 499.10 500.70 503.50 495.55 117.73 507.90 341.25 49 498.60
Nilkamal 2195.25 2220.60 2197.55 2240.00 2197.55 84.11 2257.05 1085.00 28 2217.50 Rane Brk 991.60 993.70 1000.00 1004.00 989.10 9.22 1399.00 362.00 20 992.90 Ster.Bio [1] 4.85 4.90 4.95 4.95 4.80 73.91 6.77 2.95 - 4.85 Vascon 48.75 50.40 49.30 51.30 49.00 2114.60 55.45 26.15 - 50.40
Nippo Bat 903.85 916.45 903.85 927.95 903.85 1.43 1193.80 732.00 20 913.00 Rane Eng 622.95 629.05 621.80 643.95 621.50 2.61 807.45 445.00 - 630.90 Ster.Tech [2] 157.10 154.20 157.85 157.85 153.00 424.36 161.80 67.99 44 154.35 Vaswani 9.85 10.00 10.00 10.00 9.75 2.74 13.49 6.00 - 10.30
Nitco 66.15 69.85 66.70 71.20 66.00 375.89 90.30 39.00 - 69.70 Rane Hld 1029.30 1019.95 1035.65 1035.70 1003.35 2.49 1085.00 531.00 46 1018.95
Nitesh Es 10.80 10.70 11.00 11.10 10.60 339.29 15.40 7.13 - 10.76 Ster.Tool [2] 270.30 272.70 273.20 274.70 265.00 16.53 275.90 86.20 26 271.80 Vedanta [1] 225.40 228.60 227.95 230.00 225.25 9777.36 278.00 94.05 10 228.80
Ratnamani [2] 804.95 795.80 809.90 813.95 794.00 3.68 832.00 479.05 25 795.60 STI India 16.05 16.70 16.85 16.85 15.40 6.37 32.65 7.58 - 17.35 Venky's 1276.45 1294.20 1279.00 1326.55 1279.00 63.17 1378.00 377.05 18 1295.55
Nitin fire [2] 22.95 23.10 23.05 23.50 22.95 392.80 37.35 21.20 - 23.15 RattanIndInf [2] 3.90 3.85 3.90 3.95 3.85 665.32 5.10 2.85 - 3.86
Nitin Spn 137.05 135.60 136.00 139.60 134.50 108.77 145.00 60.05 11 135.70 Str.Arcolab 1058.50 1073.60 1062.00 1084.40 1055.30 140.73 1259.00 918.00 53 1072.65 VenusRem 104.55 103.15 104.60 105.85 102.20 33.20 142.80 65.00 - 102.95
RattanIndPow 8.65 8.60 8.60 9.00 8.50 2436.00 12.29 6.32 - 8.59 Subex 11.25 11.25 11.30 11.50 11.20 2068.14 14.24 8.25 - 11.25 Vesuvius 1245.40 1250.05 1235.90 1255.00 1222.40 2.09 1300.00 759.00 30 1250.00
NK Industries 38.00 38.90 38.00 38.90 38.00 0.22 46.10 15.50 - 38.80 Ravi K Dis 11.00 11.15 11.05 11.40 11.05 39.87 15.80 7.32 - 11.21
NLC India 102.95 106.35 105.05 111.80 103.90 500.88 123.00 67.65 12 107.10 Subros [2] 247.30 257.45 249.85 260.00 246.85 85.66 263.90 77.50 40 257.15 Veto Switch 170.80 168.05 172.25 175.60 164.00 131.55 182.00 98.10 22 167.95
Raymond 783.10 769.25 784.00 790.00 767.00 282.56 806.70 398.15 124 770.35 Sud.Chem [2] 405.45 407.25 407.90 413.90 404.50 134.78 455.30 107.40 31 407.15 V-Guard [1] 211.10 211.75 211.40 213.40 209.15 880.11 213.80 81.11 59 211.85
NMDC Ltd [1] 125.55 125.95 127.00 128.40 125.15 2106.03 152.50 85.30 14 125.95 RBL Bank 559.30 561.95 561.90 565.00 557.50 594.49 600.00 273.70 47 562.00
Nocil 108.20 109.75 108.00 110.50 107.00 1172.33 111.70 47.00 17 109.80 Sujana Mtl [5] 2.05 2.10 2.10 2.15 2.00 73.49 3.69 1.80 - 2.08 Vice.Htl 22.60 23.00 22.75 23.75 22.55 342.91 28.25 16.00 - 22.95
RCF 90.70 96.80 92.25 99.60 92.2514338.89 99.60 40.50 33 96.90 Sujana Uni 1.30 1.30 1.30 1.35 1.30 129.47 2.30 1.00 - 1.34 Video.Ind 103.60 100.95 103.50 103.50 100.00 776.61 114.90 95.00 - 100.40
Noida Toll 12.15 12.20 12.20 12.40 12.10 86.44 25.15 10.81 6 12.18 Rcom [5] 32.50 33.10 32.50 33.85 32.3522297.85 57.35 30.65 - 33.05
Norben 5.95 6.00 5.95 6.00 5.95 0.81 10.50 5.70 - - Sumeet 37.25 36.95 37.40 37.80 36.80 238.53 44.00 10.38 6 36.85 VidhiSpclIng 58.15 56.80 58.20 58.85 55.50 58.56 67.80 46.20 - -
RECL 220.60 218.50 222.30 222.80 217.50 4021.24 223.80 76.40 7 218.50 Sumit.Sec 651.45 650.40 651.45 665.00 645.00 2.63 681.05 297.05 80 651.00 Vijay.Bld 16.25 16.25 16.90 16.90 15.75 33.80 17.40 8.01 - 16.30
NRAgarwalInd 328.50 324.20 326.00 340.00 315.40 71.08 340.00 223.00 - - Redington [2] 128.05 128.40 129.30 130.00 126.85 288.46 137.50 79.70 26 127.40
NRB Bear [2] 112.95 118.05 113.95 118.90 113.00 34.29 141.00 103.00 23 118.25 Sun Phr Adv [1] 316.05 316.25 317.40 320.90 315.00 118.93 414.80 270.10 - 315.35 Vijaya Bk 92.20 92.85 93.00 94.80 92.30 3367.67 97.40 29.65 12 92.65
Refex Ref 19.10 19.00 19.35 19.40 19.00 30.32 26.39 6.73 4 19.25 Sun TV [5] 858.90 862.50 859.90 870.85 854.40 614.58 950.00 334.00 35 862.25 VikasEcoTec [1] 25.00 24.85 24.90 25.15 24.65 2471.63 25.45 10.85 22 24.75
NRB Ind [2] 36.35 36.55 36.05 37.70 36.05 7.38 51.00 29.00 - 36.80 Rei Agr [1] 0.40 0.35 0.35 0.40 0.35 514.05 0.75 0.34 - 0.38
Nu Tek [5] 0.70 0.70 0.75 0.75 0.70 78.63 1.22 0.54 - 0.71 Sund.Brak 449.75 442.70 452.90 452.90 441.50 5.28 568.60 235.05 43 439.55 Vimta Lab [2] 125.85 128.85 126.70 130.50 126.25 223.12 138.60 67.65 28 128.50
Rel Cap 682.50 685.25 687.30 692.50 682.05 3065.54 693.10 365.40 41 685.05 Sund.Clay [5] 4171.50 4137.55 4182.80 4238.00 3706.80 15.98 4850.00 1950.00 81 4152.20
Nucleas Sw 330.50 332.95 332.90 339.50 330.10 149.60 339.40 171.00 22 332.15 Vinati Org [2] 847.80 848.50 854.95 888.00 843.10 14.64 894.25 458.00 32 848.20
Rel.Ind.Inf 493.20 500.35 495.45 509.00 492.15 595.60 523.00 336.60 46 500.00 Sund.Fast [1] 391.05 399.75 394.85 402.00 390.35 122.19 426.75 156.95 24 398.95 Vindh.Tel 692.85 698.75 693.25 717.90 693.20 25.44 766.85 510.65 13 698.50
Rel.Infra 594.75 594.60 596.25 599.10 591.50 1346.27 635.35 426.45 11 594.40 Sund.Fin 1518.15 1519.75 1515.00 1520.95 1500.00 51.71 1725.00 1089.00 35 1519.80
O................................................. Relaxo [1] 486.15 492.95 483.10 528.00 482.05 89.55 526.50 373.00 49 491.85 Sund.Multi [1] 3.20 3.25 3.25 3.25 3.15 216.79 5.94 2.33 - 3.21
Vinyl Chm [1]
VIP Ind [2]
74.40
198.05
76.25
196.85
74.60
198.65
76.60
200.00
73.00
196.25
127.22
152.23
81.65
216.90
55.65
103.00
14
39
76.05
196.95
Oberoi 400.40 411.65 403.10 413.90 402.00 300.69 418.00 255.60 44 411.65 RelDef&Engg 66.85 67.30 67.30 67.95 66.05 2534.56 72.85 48.40 - 67.20 Sunflag 37.85 37.75 37.95 38.10 37.65 185.39 42.05 23.20 10 37.75
Religare 183.20 185.20 187.00 187.00 183.00 20.47 294.00 177.00 - 185.40 VIPClothing [2] 54.20 53.95 54.50 54.90 53.50 82.84 74.25 42.25 - 54.10
OCL India [2] 1113.80 1099.05 1125.95 1145.00 1090.05 66.81 1146.15 480.00 15 1103.40 Sunil Hitec [1] 14.35 14.35 14.40 14.50 14.20 1308.31 23.43 7.75 10 14.34 Vipul Ltd [1] 93.75 90.75 93.50 97.90 89.25 623.66 100.05 49.00 - 90.10
Oil Country 51.85 51.60 52.45 52.45 51.25 2.66 61.80 24.70 - 51.60 Remsons 54.50 53.45 54.10 55.75 53.00 2.49 90.00 40.60 - 55.00 Sunteck [2] 450.90 449.75 450.00 455.00 447.10 62.39 479.40 173.95 10 452.85
Renais.Jwl 162.75 160.30 165.00 165.00 160.00 7.72 168.00 117.00 10 160.50 Visa Stl 28.20 27.20 28.40 28.40 26.50 267.99 30.20 12.35 - 27.15
Oil India 325.60 324.70 324.05 327.00 323.65 291.04 367.43 241.73 12 324.70 Super Spn [1] 14.80 16.75 14.75 16.90 14.75 483.77 20.50 6.40 - 16.75 Visagar [1] 2.05 2.05 2.05 2.10 2.05 309.28 6.93 1.70 - 2.06
OM Metal [1] 49.00 51.30 50.30 52.50 49.00 161.70 54.20 38.30 26 51.00 Repco Home 747.65 758.95 752.95 768.95 743.35 129.32 891.30 499.50 27 758.05 Superhouse 155.40 158.65 157.00 162.40 155.00 27.99 184.50 125.00 9 158.05
Repro 486.45 487.85 489.70 495.00 475.65 30.24 498.00 334.00 - 488.30 Visak.Ind 338.40 348.10 338.00 349.95 338.00 91.64 354.00 117.00 14 348.55
Omax Auto 83.10 83.75 83.95 84.80 83.70 9.51 103.40 57.25 - 84.00 Supr.Ind [2] 1200.00 1189.50 1205.90 1205.90 1185.00 72.17 1208.80 779.90 40 1190.60
Resp.Ind [1] 88.95 88.70 89.85 89.85 88.50 8.72 107.40 60.35 81 89.50 Vishnu Chemi 266.70 262.40 266.00 272.00 260.95 3.56 347.45 223.00 18 264.50
Omaxe 199.80 202.15 201.90 203.00 199.60 2260.00 202.85 146.20 49 202.20 Supr.Infra 88.50 86.90 88.50 89.50 85.40 44.78 123.85 68.30 - 87.95
Revathi 961.20 947.15 958.10 965.45 941.15 2.63 1062.00 540.00 12 946.30 Vivi Lab [2] 116.45 117.40 116.45 119.65 116.10 507.59 136.40 68.00 21 117.35
OMDC [1] 2078.75 2099.40 2084.90 2145.00 2084.90 6.67 2695.00 1800.00 225 2097.20 Supr.Petro 413.60 409.75 412.95 422.40 404.00 49.97 447.20 159.35 22 410.50
Rico Auto [1] 58.75 59.50 59.20 61.25 58.85 1356.68 75.25 33.90 20 59.35 VLS Fin 76.60 75.00 76.40 78.00 74.50 292.54 86.20 37.00 6 74.75
Omkar Spl 199.75 198.90 200.70 203.00 197.80 218.72 205.90 130.05 16 198.55 Supr.Tex [5] 4.10 4.00 4.10 4.10 4.00 187.12 11.14 3.13 - 4.03
Rohit Ferro 6.05 5.95 5.95 6.10 5.95 30.56 9.20 3.45 - 5.94 Voltamp 1197.75 1220.80 1200.10 1263.00 1199.20 17.47 1316.90 740.00 19 1220.30
OnMobile 83.60 82.70 83.45 84.40 82.25 208.82 128.70 75.00 27 82.70 Suprajit [1] 243.65 247.60 245.00 250.00 243.00 89.63 250.00 147.00 52 246.45
Rollatainers [1] 9.40 8.95 9.45 9.45 8.95 744.44 21.25 9.08 - 9.08 Voltas [1] 428.05 440.70 429.00 443.20 429.00 2301.17 443.00 287.00 32 440.40
Opto Cir 10.20 10.15 10.30 10.30 10.10 516.17 14.99 8.22 - 10.11 Surana Solar [5] 21.45 21.70 21.75 21.90 21.00 109.63 34.45 19.00 - 21.80
Rolta 60.45 60.20 60.55 61.15 60.00 427.74 82.40 48.10 1 60.35 VRL Logistic 328.60 327.30 328.40 330.55 322.55 38.66 415.00 244.70 38 326.70
Oracle Fin [5] 3778.00 3754.45 3750.00 3784.85 3727.70 16.33 4088.60 2795.75 30 3761.75 Surana Tel [1] 4.90 4.85 4.80 5.00 4.70 7.32 7.48 4.21 - 4.93
Orbit Exp 130.05 130.10 132.00 132.00 129.75 4.57 183.00 102.98 18 130.00 Rossell [2] 114.95 116.35 117.90 118.90 116.25 2.11 142.00 81.50 - 115.55 VST Ind 2975.15 2999.50 2975.15 3010.00 2975.15 0.53 3216.45 1630.65 28 3021.90
Surya Rosh 277.00 284.05 279.85 292.50 275.60 552.02 299.20 147.20 19 284.75 VST Til 1980.10 1996.55 1975.00 2040.00 1963.55 5.48 2035.00 1670.00 24 2002.80
Orchid Pharm 32.95 34.00 33.10 34.80 32.95 997.84 45.85 23.70 - 34.05 Royal Orchd 110.90 112.50 111.05 116.10 108.05 62.98 119.80 60.75 32 112.15 Suryalaxmi 114.15 116.15 115.80 118.00 114.60 60.93 165.30 103.15 7 116.75
Oricon Enter [2] 58.50 58.90 58.50 59.45 58.50 162.02 73.05 41.15 - 59.05 RPG Life [8] 376.10 384.70 380.00 394.00 377.10 53.95 537.50 221.90 49 386.25 Sutlej Te 923.05 922.60 925.05 928.20 919.10 5.77 956.00 516.00 9 925.80
Orient Bell 233.45 229.35 236.40 238.00 228.35 25.76 252.45 138.80 32 230.00 RPower 47.55 47.70 47.75 48.05 47.40 1883.64 56.45 38.20 - 47.70 Suven Lif [1] 185.70 187.65 186.90 191.90 186.35 236.62 228.50 151.10 20 187.45 W ................................................
Orient Cem [1] 165.95 164.75 167.35 167.90 164.00 221.74 241.00 114.80 - 164.35 RPP Infra 274.70 279.80 274.50 288.25 274.50 107.66 362.20 138.50 26 281.55 Suzlon [2] 20.70 21.20 20.85 21.55 20.8056149.14 21.60 12.47 11 21.20 Wabco Ind [5] 5928.35 5997.70 5930.00 6062.85 5920.10 9.68 6542.00 4760.00 51 5987.00
Orient Grn 9.95 9.90 10.00 10.05 9.85 208.32 12.15 7.84 - 9.87 RR Mohota 68.45 68.35 68.30 69.90 67.70 2.26 123.70 47.00 42 68.05 Swan Ener [1] 145.80 158.60 146.95 160.75 145.45 1019.27 213.40 57.50 - 159.25 Walch.Ind [2] 174.00 175.45 173.80 178.70 168.30 1323.60 178.50 131.10 - 174.95
Orient Htls [1] 40.50 40.90 41.35 41.65 40.50 63.73 45.85 20.00 - 40.75 RS Soft [5] 82.25 82.65 82.25 83.85 82.25 95.27 127.50 58.80 - 82.30 Swaraj Eng 1842.50 1835.10 1822.30 1879.00 1822.30 9.28 1984.20 1079.75 33 1828.70 Weiz.Fx 495.00 495.25 494.00 504.80 494.00 1.19 540.00 154.15 32 495.50
Orient Pap [1] 86.10 91.05 87.90 92.45 86.15 356.51 96.45 43.33 39 91.00 RSWM 435.10 427.55 434.25 438.95 424.00 15.30 510.00 335.00 10 428.60 Weizman 41.30 42.00 41.30 43.00 41.30 2.27 60.80 17.20 22 41.45
Swle. Ener 377.25 375.15 380.00 380.00 372.95 3.21 450.00 295.00 18 374.20
Orient Pres 66.00 72.60 67.55 72.60 67.55 2.05 74.65 53.50 23 72.80 Ruby Mills [5] 396.65 401.50 399.55 405.80 395.25 7.99 518.00 284.60 17 401.45 Wels.Corp [5] 87.95 87.20 88.20 88.65 86.20 525.46 107.60 56.00 13 87.00
Symphony [2] 1458.70 1458.60 1470.00 1484.00 1441.00 19.83 1571.45 1075.00 59 1464.70
Orient Ref [1] 141.25 143.75 140.55 144.90 140.50 63.21 145.90 79.60 26 144.60 Ruch.Paper 165.85 168.60 165.60 172.00 165.55 48.26 182.20 60.00 14 168.15 Wels.India [1] 93.20 90.90 92.25 93.95 90.60 938.80 119.90 46.35 12 91.05
Syncom 6.10 6.30 6.05 6.60 6.05 243.18 10.00 5.35 - 6.34
Orient.Bk 173.00 173.15 173.80 175.70 171.00 1895.46 190.80 76.80 41 173.15 Ruchi Soya [2] 25.50 25.85 25.50 26.75 25.45 669.64 31.80 17.75 - 25.85 Wels.Inv 91.55 90.45 92.50 93.40 90.20 2.11 131.00 53.00 - 90.20
Synd.Bk 91.60 90.70 92.00 92.00 89.55 7065.21 94.90 59.20 23 90.45
OrientAbr [1] 37.55 38.00 37.55 38.90 37.55 36.73 47.80 29.05 - 37.85 Rupa [1] 379.25 380.05 382.75 389.00 379.00 42.33 424.00 244.00 41 380.45 Welspun Ent. 95.15 95.10 95.70 96.75 94.75 232.89 101.60 54.00 57 95.05
Syngene Int 468.35 462.75 470.00 470.85 462.00 104.48 663.30 360.00 32 464.20
Rush.Decor 712.75 713.00 716.05 719.90 692.60 12.77 747.90 312.10 42 712.55 Wendt 2089.10 2323.75 2061.00 2480.00 2061.00 7.62 2445.00 1666.00 40 2342.75
OrientalCar 975.35 981.30 961.00 986.90 960.20 3.02 1067.35 436.50 18 986.35
Ortel Commun
Oswal Chem
107.70 108.85 104.30 110.00 104.30
29.75 30.45 30.00 32.05
15.32 191.40 102.00 98 108.00
30.00 848.93 13.79 9.13 - 12.63 S ................................................. T .................................................
Tainwala 57.35 59.80 59.75 61.00 57.80 4.41 67.00 38.00 35 60.30
West C Pap [2]
Wheels Ind
194.60
1302.85
203.80
1307.05
195.90
1313.00
205.00
1322.00
193.20 244.87 210.00 71.30
1304.00 0.31 1417.00 900.00
16
27
203.30
1317.85
SChand&Co 676.00 649.15 678.00 679.00 643.35 1535.82 700.00 643.35 - - Whirlpool 1193.60 1205.90 1209.45 1217.00 1198.05 16.29 1289.55 720.05 50 1202.90
Taj GVK [2] 164.20 165.05 164.20 170.00 164.20 38.61 184.00 75.80 85 165.30
P ................................................. S H Kelkar
SABEvents
311.15 315.25 311.00 319.50 311.00
47.00 46.40 47.10 47.80 46.00
152.52 361.90 201.05 54 315.75
5.30 101.50 44.25 - 47.10
Take Sol [1] 141.10 139.80 141.70 142.00 137.30 163.78 189.30 122.00 102 139.70 Wil.Magor 80.80 87.60 79.20 89.80 77.10 54.39 97.15 49.50 - 88.25
P&S Bk 66.45 66.75 66.65 67.75 66.30 213.32 72.30 37.00 9 66.85 Talbros 161.05 163.85 161.00 164.45 160.40 20.41 175.40 99.80 20 162.70 Win.Diamon [2] 61.95 61.55 61.55 63.25 61.30 22.41 72.55 31.50 24 61.45
Sadbhav [1] 323.40 338.25 325.00 340.00 324.25 229.50 344.05 220.00 34 340.10 Win.Yarns 1.85 1.85 1.85 1.90 1.85 30.87 2.33 1.60 - 1.95
Page Ind 14506.55 14790.20 14498.00 14875.00 14458.10 7.72 17351.15 12360.00 6414610.50 Talwalkar 274.85 272.80 278.75 278.75 271.80 52.36 302.05 194.00 14 271.80
SadbhavInf 108.95 106.90 109.40 110.55 106.10 32.79 120.40 81.05 105 107.35 Wockhardt [5] 678.00 680.25 678.80 687.00 677.95 576.82 1129.00 627.00 55 680.40
Pan.Petro [2] 152.30 150.20 157.95 157.95 148.05 19.93 173.80 52.00 19 150.55 Tanla Sol [1] 49.60 50.45 49.90 51.25 49.50 422.03 66.45 31.10 - 50.50
Sagar Cem 822.05 824.20 815.00 829.00 807.30 4.37 869.00 553.00 70 829.55 WonderlaHoli 376.35 382.85 376.35 384.85 376.35 29.76 420.00 316.00 58 383.25
Pan.Univ [5] 11.65 11.80 11.50 11.90 11.50 17.28 15.65 8.90 7 11.80 Tara Jwl 39.75 38.85 39.75 40.70 37.75 163.00 50.20 30.60 - 39.20
SAIL 60.65 61.10 60.85 61.35 60.70 4503.79 68.55 38.45 - 61.10 WS Ind 9.45 11.30 10.30 11.30 10.05 245.06 15.20 6.49 2 11.23
Panac.Bio [1] 151.50 153.90 152.00 156.00 151.50 40.53 178.30 85.50 - 155.05 TasteBiteEat 5087.15 5209.95 5274.95 5275.00 5010.05 0.48 5610.00 4211.55 - -
Saksoft 235.20 236.00 237.50 239.35 235.20 3.52 333.00 152.00 23 238.95
Paper Pro [2] 265.45 269.85 264.50 272.10 264.25 27.78 327.00 227.00 24 271.65 Tata Chem 635.95 644.35 634.70 649.30 634.05 789.03 665.10 400.90 26 644.95
Parab.Drg 8.20 8.20 8.35 8.35 8.00 37.69 10.39 3.75 - 8.29
Sakth.Sug
Sakuma
33.50
64.15
33.50
65.20
33.85
64.15
34.00
65.70
33.40
64.15
82.25
14.02
56.00 28.50
82.90 49.80
- 33.45
8 65.50
Tata Cof [1] 132.55 131.90 133.45 133.70 131.25 267.07 150.05 85.40 19 132.05 X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ParagMilk 254.85 249.65 256.00 257.70 249.00 176.24 356.70 202.10 82 249.45 Tata Com 653.30 662.40 653.35 668.00 644.40 570.95 784.00 424.50 68 660.65 Xchang 49.50 49.70 50.40 50.40 49.10 18.03 106.65 46.20 - 49.45
Salora 58.95 59.05 58.20 60.50 54.00 7.04 78.60 39.10 - 59.00
Parenteral 26.85 26.80 26.85 27.00 26.35 12.37 43.50 19.15 - 26.70 Tata Elxsi 1542.20 1538.55 1546.50 1552.00 1528.00 83.15 1940.75 1021.65 28 1537.35 XL Energy 2.45 2.75 2.35 2.90 2.35 2.50 4.20 2.30 - 2.60
Salzer Elec 212.00 210.80 213.60 214.00 209.50 30.51 267.00 166.05 17 212.20
Parry Sug 62.30 63.00 62.70 63.50 62.15 17.17 72.40 33.60 4 62.55 Tata Global [1] 154.05 154.85 154.90 156.35 153.90 1186.93 161.60 114.50 32 154.90 Xpro India 50.65 51.00 50.70 51.50 50.15 9.22 67.45 40.00 - 51.40
Samtel Col 0.50 0.50 0.50 0.50 0.50 1.78 0.70 0.40 - -
Parsvnath [5] 16.10 15.80 15.90 16.40 15.65 315.24 24.80 10.90 - 15.75 Tata Inv 665.00 668.50 672.65 674.00 663.00 33.56 699.00 487.00 17 667.40 ZandReal [100] 1417.05 1403.75 1411.10 1434.95 1400.50 1.62 1670.00 1030.20 22 1404.55
Sandesh 959.70 959.30 960.05 965.50 952.35 0.66 1080.00 722.90 9 963.00
Patel Eng [1] 96.35 97.80 96.50 100.10 95.80 862.78 120.50 43.40 60 97.55 Tata Metlk 661.60 663.75 660.00 679.80 660.00 311.24 724.80 115.50 14 663.40 Zee Learn [1] 46.90 47.20 47.05 47.55 46.90 276.79 51.35 26.50 42 47.15
Sang.Forg 42.30 42.60 42.30 43.40 42.00 7.61 53.40 33.00 - 42.10
Patel Int 88.45 89.55 88.50 90.60 88.50 57.71 125.70 69.50 18 89.30 Tata Spng 871.35 887.50 875.35 899.90 870.00 764.34 900.00 474.95 23 890.90 Zee Med [1] 37.50 38.40 37.65 38.75 37.55 841.92 41.80 17.80 - 38.40
Sangam 304.95 311.30 306.00 319.50 304.90 128.48 325.00 225.00 20 312.35
Patspin Ind 21.30 22.05 21.25 22.50 21.25 49.34 25.95 7.50 20 21.90 TCI Devl 432.20 426.60 434.00 453.00 420.00 1.78 555.00 301.00 148 430.00 Zen Bir 0.60 0.60 0.55 0.60 0.55 8.40 0.84 0.50 - 0.55
Sangh.Mov [2] 264.00 266.60 265.00 270.90 262.30 55.91 305.00 195.80 12 267.15
PBA Infra 24.80 24.85 25.85 25.85 24.05 9.95 31.55 14.15 - 24.55 TCI Express [2] 451.20 452.65 452.10 459.75 450.00 11.62 507.00 265.15 61 453.85 Zen Exp 55.00 52.40 56.25 56.25 52.25 0.51 59.85 34.35 - 55.30
Sanghi Ind 74.00 79.75 74.00 84.25 74.00 3675.86 90.75 46.20 25 79.85
PC Jewl 449.15 449.25 445.10 454.00 445.10 178.26 531.00 288.75 20 447.30 TCI Fin 27.70 29.65 27.60 29.95 27.25 323.63 33.35 17.05 11 29.65 Zen Tech. [1] 63.90 63.85 63.90 64.70 63.60 110.19 91.00 54.85 - 63.90
Sanofi 4156.60 4230.95 4150.00 4241.90 4150.00 3.58 4930.00 4005.00 35 4220.85
PDS Multinat 203.65 207.00 205.00 208.00 203.00 10.89 211.00 131.00 - 206.00 TD Power 235.45 248.30 237.10 257.00 236.30 348.70 266.00 155.00 - 248.50 ZensarTec 895.10 892.75 895.00 900.00 886.00 5.61 1136.05 814.25 22 888.30
Sanwaria [1] 15.10 15.40 15.30 15.80 15.10 1150.47 16.30 4.35 13 15.44
Pearl Glo 130.30 131.70 129.90 134.00 129.20 8.18 257.70 110.00 51 132.35 TeamleaseSvc 1118.75 1137.40 1140.00 1148.00 1100.00 4.94 1182.00 828.05 57 1134.25 Zicom 37.30 37.30 37.50 37.90 37.25 31.00 70.30 35.00 - 37.15
Sarda Ene 249.40 254.00 246.00 256.00 246.00 56.99 296.60 97.85 13 253.30
Peninsula [2] 26.50 23.95 25.00 25.50 21.40 2656.05 30.20 13.15 - 24.00 Techno Elec [2] 408.65 407.75 409.85 409.85 403.00 11.50 415.20 250.03 31 408.30 Zod.Clo 234.85 235.40 238.95 243.00 232.40 12.88 249.90 174.50 - 236.20
Saregama 251.85 251.30 254.15 257.85 248.60 34.39 328.80 181.90 40 249.95
Pennar Eng 148.70 148.35 148.00 152.00 144.30 35.11 204.00 105.00 17 146.25 Sarla Perf [1] 61.40 61.45 62.25 62.55 61.20 29.23 80.05 54.00 13 61.60 Technocr 501.05 500.60 501.95 504.00 497.55 7.10 524.80 217.60 14 500.00 Zod.Jrd 32.45 32.65 33.00 33.95 32.65 4.32 41.35 30.55 24 34.10
Pennar Ind [5] 48.70 48.85 48.85 49.80 48.55 271.81 54.80 39.50 23 49.00 Sasken 414.10 412.30 410.05 417.00 409.95 9.69 464.00 305.00 15 410.95 Tecnnofab 206.30 204.25 204.05 206.75 200.00 91.98 247.70 140.00 18 205.40
Zuari Ag 422.50 434.60 422.55 449.95 422.55 335.37 150.70 85.00 57 148.20
Persistnt 579.25 584.10 579.25 585.95 579.25 156.81 741.85 501.10 16 582.45 SastaSunVent 148.25 148.15 147.00 149.90 130.40 344.66 152.50 43.20 - 148.55 TeraSoftware 96.30 96.45 97.80 98.85 96.15 10.81 132.60 73.25 9 95.80
Zuari Glo 142.15 149.00 143.30 150.40 140.50 175.91 150.70 85.00 20 148.20
Petron Eng 179.60 175.85 182.55 183.15 174.00 37.96 219.00 122.00 - 175.10 Sathv.Ispat 54.05 54.55 54.05 55.00 52.40 75.54 103.95 47.70 - 54.70 Tex.Infra [1] 43.95 46.65 44.20 47.40 43.50 462.50 53.50 28.45 46 46.50
ZydusWel 865.70 866.10 874.00 885.00 863.10 8.58 930.00 748.05 32 868.80
Petronet 428.90 433.30 445.00 448.40 431.10 6071.07 453.65 253.10 19 434.70 Satin Credit 369.05 365.40 372.30 372.45 362.50 59.61 716.70 293.15 17 366.75 Tex.Rail [1] 98.35 97.85 98.75 99.90 97.45 496.39 118.50 86.85 48 98.20
TGB Banq 50.90 52.90 51.10 53.80 51.10 102.46 121.50 48.55 - 52.90 Zylog [5] 5.00 5.25 5.10 5.25 5.00 64.87 6.01 2.73 - 5.33
PFC 166.55 166.35 167.30 168.40 165.15 3951.70 169.00 78.38 6 166.25 Savita 986.65 996.70 976.80 1008.00 975.95 2.75 1010.90 520.00 20 1000.05
Pfizer 1719.80 1722.30 1720.00 1734.95 1703.15 30.21 2055.00 1651.10 31 1722.20 Schneider [2] 153.90 150.95 155.45 156.10 150.10 175.04 173.55 126.60 - 151.45 Thanga.Jwl 258.45 258.90 256.00 259.50 255.00 2.36 334.00 158.40 37 257.70
PG Elec 181.30 180.30 180.20 183.50 178.05 4.94 210.00 107.00 38 181.00 SCI 79.55 79.80 79.65 81.85 79.40 789.27 84.80 55.75 18 79.90 The Byke Hos
The PKTeaPro
204.15
158.10
211.20
158.20
206.70
155.10
212.00
170.00
204.70
155.00
75.55
1.72
220.70
210.00
151.50 28 211.25
120.00 - -
Exchange Traded Funds
PGHH 7971.10 7913.40 7999.90 8199.00 7877.05 10.28 8146.25 6025.00 55 7952.55 SE invt 174.30 177.95 179.00 179.90 174.95 1.27 307.25 146.50 14 -
Phil.Carbon 451.45 452.35 454.50 459.00 449.00 116.56 465.65 114.05 30 453.65 SE Power 11.80 12.30 11.70 12.30 11.60 1.17 26.10 5.57 - 12.46 TheGrobTeaCo 313.30 342.55 311.00 344.60 310.00 1.18 609.40 221.55 - -
Phoenx.Lmp 173.90 175.20 173.00 178.50 170.60 30.86 190.95 103.30 20 175.45 TheMandRetVe 193.90 190.00 192.10 194.90 188.80 43.75 246.00 165.25 14 189.80 Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl
Seamec 127.05 126.20 126.00 131.80 125.15 62.94 131.00 77.10 - 125.25
Phoenx.Mil [2] 402.70 412.30 407.60 415.95 400.05 60.18 445.00 285.05 39 415.15 Sel Manu 3.50 3.70 3.55 3.85 3.50 425.36 4.87 2.81 - 3.75 Themis 597.25 596.45 588.60 599.35 588.55 0.17 708.95 436.00 31 600.05
PI Ind [1] 842.05 844.05 854.00 858.95 836.05 188.18 950.10 592.00 28 844.65 Selan Exp 178.10 177.40 178.40 179.50 176.80 55.05 231.10 154.20 33 177.70 Thermax [2] 1011.40 1045.20 1027.10 1068.50 1017.00 28.78 1070.85 691.00 46 1040.10 Axis Gold [100] 2538.50 2526.10 0.19 3299.00 2468.01 2560.00
PidiliteInd [1] 744.80 746.55 743.60 754.00 743.10 162.76 769.50 568.75 46 746.40 Sequent Sc [2] 124.95 123.50 124.95 125.35 123.00 47.35 160.05 102.00 - 123.55 Thiru Aroo 63.70 63.10 64.00 64.30 62.75 16.24 118.85 46.30 8 63.00 Bank BeEs 2290.69 2301.15 4.95 2304.25 1642.75 2297.05
PinconSpirit 72.15 72.85 72.60 73.55 71.00 829.31 89.40 54.85 9 72.90 Servalak 3.35 3.35 3.20 3.35 3.10 29.37 4.70 2.66 - 3.30 Thiru.Chem 980.65 973.20 987.85 995.00 969.05 44.09 1010.00 235.05 15 975.10 Birla Gold 2673.70 2717.25 0.23 3110.00 2555.00 2675.28
Pion.Dist 138.20 136.65 142.75 142.80 127.35 147.15 248.70 103.50 - 137.50 Sesh.Paper 767.85 785.25 780.00 793.70 764.20 12.52 880.00 228.00 9 784.30 Thom.Cook [1] 215.75 214.65 217.40 219.45 209.10 169.70 238.20 165.60 - 214.35 Birla Nifty [100] 95.24 96.01 0.45 3000.15 2512.05 -
Pion.Emb 48.30 49.20 49.00 50.00 48.30 40.14 84.95 38.70 20 48.95 SetcoAuto [2] 40.75 41.20 41.05 42.00 40.90 307.42 54.80 30.40 23 41.25 ThyrocareTec 713.50 727.70 770.00 777.00 724.00 199.70 779.90 523.60 52 735.50 EDELAMC - EQ30 226.50 240.00 0.00 257.00 170.60 -
PiramalEntp [2] 2490.90 2526.75 2493.50 2575.00 2493.50 253.33 2630.00 1203.00 47 2525.65 Sezal Glass 5.75 5.95 5.75 5.95 5.45 1.12 11.25 4.92 - 5.99 Tidewater [5] 5999.05 5924.05 6044.95 6044.95 5905.60 3.94 6555.00 5220.00 25 5935.75 Gold BeEs [100] 2570.55 2567.45 10.53 2920.00 2452.00 2566.90
Pitti Lam [5] 61.05 61.85 61.00 62.75 60.75 40.17 69.85 30.65 - 61.90 Shakt.Pump 261.55 268.70 262.50 279.00 262.00 189.89 279.15 114.35 47 268.75 TIL 366.75 374.00 369.00 384.00 367.15 57.35 385.90 218.00 - 374.40 Goldmanamc - CPSEETF 30.36 30.38 4566.52 30.75 19.30 30.38
Plastiblen [5] 507.20 517.00 509.80 526.00 501.05 9.06 579.00 399.00 20 520.55 Shal.Paints [2] 224.90 227.75 226.25 231.00 224.55 187.55 232.40 118.00 61 228.25 Tilakngr Ind 12.85 12.80 12.75 13.00 12.75 142.29 19.40 12.25 - 12.79 HangSengBees 2313.00 2360.00 0.02 2490.00 1870.00 2370.00
PNB Gilts 57.40 57.00 58.00 58.70 56.70 1778.38 64.80 22.10 6 56.85 ShankarBldg 718.10 726.45 720.00 733.00 715.05 175.33 788.80 555.00 - - Time Tech [1] 124.65 133.00 123.70 133.90 123.70 1875.76 139.80 46.25 36 133.10 HDFC Gold [100] 2620.45 2620.70 0.53 2975.00 2553.00 2610.50
Shanthi Grs [1] 129.05 130.70 129.00 135.70 129.00 96.11 143.30 90.30 47 130.20 Timken 716.15 724.90 719.00 729.00 717.00 16.04 747.45 510.05 50 725.05 HDFCAmc-Nift [100] 945.71 952.46 0.25 1028.90 708.25 -
PNB Housing 1289.00 1332.35 1297.80 1338.00 1297.75 257.54 1443.50 789.25 47 1331.85
Sharda Motor 1833.80 1831.00 1863.00 1868.95 1824.55 1.26 2170.00 795.00 21 1832.05 Tinplate 86.95 88.70 87.40 89.35 87.05 242.54 107.70 64.00 33 88.55 HDFCAmc-Sens 3050.50 3079.50 0.00 3569.00 2300.09 -
PNC Infratec [2] 160.90 162.20 161.55 163.25 159.25 259.26 168.50 98.70 13 161.20
ShardaCropch 521.20 535.80 525.70 539.50 521.20 54.87 541.90 270.10 27 539.20 Tips Ind 68.80 68.55 68.55 68.70 68.55 0.39 85.85 51.00 41 70.00 ICICI PRU MIDCAP IWIN 64.20 64.93 1.78 74.30 48.57 -
PneumaticHol 1545.30 1580.00 1579.95 1580.05 1579.95 0.02 1775.00 664.10 204 1580.00
Sharon Bio [2] 7.10 7.25 7.00 7.75 6.95 389.88 14.20 6.00 - 7.27 Tita.Wag [2] 123.80 129.25 126.40 130.25 126.30 1747.20 135.75 84.00 90 129.30 ICICI PRU NIFTY IWIN 94.99 95.71 62.18 105.00 77.65 -
Pochiraju 7.35 7.55 7.45 7.75 7.40 24.15 12.35 7.01 - 7.92
SheelaFoam [5] 1350.70 1364.50 1365.05 1385.00 1355.00 5.08 1424.90 860.00 55 1355.90 Titan [1] 467.15 482.40 468.50 484.00 465.35 1731.57 504.00 296.30 52 481.60 ICICI PRU NV20 IWIN 40.13 40.60 0.24 47.30 35.25 -
PodarHseDVPT 1086.70 1095.55 1130.00 1185.00 1090.00 0.95 1185.00 870.00 - -
Shek.Poly [1] 0.40 0.40 0.40 0.40 0.35 532.07 2.19 0.37 - 0.40 TN News 289.65 296.45 292.75 304.00 290.30 784.80 392.45 240.00 7 297.55 ICICI PRU SENSEX IWIN 310.24 311.64 15.14 363.00 220.90 -
PoddarPigmen 258.80 259.30 259.00 265.95 256.05 2.75 283.00 136.00 13 257.10 TN Petro 46.85 47.15 47.65 47.75 46.65 172.42 56.25 18.90 27 47.05
Pokarna Ltd 1516.35 1516.70 1538.00 1538.00 1500.00 13.96 1615.00 710.00 80 1512.60 Shemaroo Ent 403.85 361.60 393.25 393.25 340.60 343.69 439.45 294.00 16 361.90 ICICIPRU NIFTY100 IWIN 101.00 101.60 1.46 114.00 77.00 -
Shilpa Med [1] 693.70 695.35 693.20 699.00 690.15 16.33 786.75 436.15 47 694.30 Tokyo Pl 121.30 126.55 124.20 128.00 122.00 16.95 147.30 42.35 18 126.15
Polaris [5] 210.70 211.95 210.85 215.50 209.00 250.39 231.70 141.10 24 211.30 ICICIPruGIWi 263.95 264.00 2.13 2885.00 251.15 -
Shipi Cab 78.90 75.00 75.00 75.00 75.00 41.00 252.00 67.00 14 74.65 Tor.Pwr 226.00 226.50 228.00 229.80 225.40 657.61 241.25 159.00 32 226.55
Poly.Medi [5] 247.15 257.65 251.90 272.30 250.00 46.79 319.90 139.55 42 258.55 IDBI Gold [100] 2625.00 2626.00 1.05 3000.15 2512.05 -
ShirpurGold 111.30 114.05 113.75 117.00 108.00 42.74 179.00 75.85 67 113.60 TorrentPhar [5] 1310.50 1338.60 1323.40 1344.00 1306.45 91.18 1767.80 1185.60 26 1339.70
Polyplex 469.65 480.50 475.00 488.00 470.00 47.24 498.80 213.30 36 478.20 Tou.Fin.Cor 99.45 99.05 100.00 100.65 98.70 744.30 102.50 34.75 24 99.10 IDFCAMC - IDFNIFTYET 94.05 94.40 0.04 109.49 75.02 -
Ponnie Sug 201.05 199.50 201.30 202.80 199.00 1.31 359.35 170.00 7 200.00 Shiv.Global 15.90 15.40 16.10 16.40 15.00 306.74 19.65 2.65 2 15.36 Infra BeEs 332.23 334.20 0.32 1044.00 740.00 -
Shiva Tex 340.40 336.35 335.00 344.35 334.55 2.97 374.00 85.50 45 335.90 TPL Plastech 543.05 526.15 537.95 539.95 520.00 9.62 587.00 291.30 42 529.95
Power Mech 592.95 609.05 600.00 624.40 590.05 38.53 624.50 389.95 13 605.00 Trans.Corp [2] 250.40 250.85 251.55 253.80 240.40 26.09 264.00 140.22 25 250.40 InvesIndiaGold ETF [100] 2635.00 2651.00 0.01 2989.40 2407.00 -
PrabhatDairy 119.55 123.55 120.55 124.00 119.90 206.83 150.00 76.80 52 122.95 Shivam Auto [2] 58.20 57.65 57.55 58.80 57.50 75.19 63.70 37.10 - 57.85 Kotak Nifty [5] 932.98 941.45 20.18 929.00 692.40 926.45
Shop.Stop [5] 355.55 359.20 356.00 365.00 345.25 47.72 406.00 265.00 - 360.05 Transwarnt 19.95 19.00 19.00 20.40 19.00 49.36 22.30 6.89 - 19.00
Praj Ind [2] 84.40 85.60 85.00 86.25 84.80 530.34 105.15 70.10 24 85.55 Tree Hse 17.35 17.45 17.65 18.20 17.25 52.25 84.90 15.85 - 17.50 Kotak PSU Bk 375.65 376.65 2.81 395.00 214.00 371.10
Prajay 14.70 14.70 14.45 15.20 14.40 137.68 15.90 6.01 - 14.70 Shr.CU.Fin 2124.65 2105.40 2130.00 2130.00 2062.00 48.61 2650.00 1506.95 25 2107.10 KOTAKMAMCKOTKBKETF 230.00 230.94 27.47 234.85 165.10 -
Shr.EPC 26.45 26.70 26.60 27.25 26.40 110.59 40.80 19.00 - 26.70 Trent [1] 255.20 254.15 258.00 258.00 252.60 40.12 276.50 158.87 85 253.95
Praksh.Cons [1] 4.30 4.25 4.25 4.35 4.25 195.23 21.70 3.65 - 4.28 TRF 271.15 271.45 272.75 279.40 270.10 80.02 358.80 181.00 - 271.70 KOTAKMAMC-KTNV20ETF 41.05 41.40 3.53 42.95 32.00 -
Praksh.Ind 89.70 91.85 90.00 92.45 88.25 2006.38 93.25 33.20 21 91.55 ShrRam.Mul [5] 15.20 15.80 15.30 16.35 15.00 211.38 19.70 5.16 - 15.90 Kotal Gold 251.95 250.85 551.02 289.99 245.20 250.94
Shr.Ren.Sug [1] 14.60 14.55 14.85 14.85 14.50 2302.82 19.18 11.47 8 14.63 Trib Bhimji 94.95 94.70 94.95 96.80 93.20 206.53 102.25 56.10 34 94.95
Praksh.Stl [1] 1.25 1.25 1.25 1.30 1.20 233.97 5.64 1.17 - 1.23 Trident 83.75 85.90 84.40 86.40 84.30 1954.32 92.30 42.00 13 85.75 LICNAMC -CNFENGP 94.95 95.45 0.00 112.10 70.70 -
Pratibha [2] 11.95 11.85 11.85 12.10 11.80 164.04 33.80 9.85 - 11.89 Shr.Tr.Fin 1004.30 1011.60 1005.90 1018.95 1005.90 445.89 1325.00 778.00 18 1011.50 LICNAMC -CNFNHGP 102.92 102.38 0.02 110.82 70.10 -
Shre PushChe 208.65 207.15 210.30 213.80 205.20 98.16 241.00 108.20 22 207.50 Trigyn 119.10 120.00 117.25 120.75 117.25 34.77 140.60 78.85 - 119.95
PrecisionCam 135.40 134.80 135.05 137.00 133.75 39.19 188.20 126.15 23 134.95 TRIL 390.75 391.00 395.00 399.70 388.25 28.88 475.90 285.00 25 390.95 LICNAMC -CNMFET 16.45 16.45 0.56 18.60 14.00 -
Precsn.Pipe 280.10 287.30 280.50 288.00 280.10 60.22 290.10 122.10 21 287.30 ShreeCements 19512.30 19594.20 19649.00 19774.75 19340.00 13.25 19998.00 12555.00 5419524.25 Liquid BeEs [1000] 1000.00 1000.00 381.36 1003.00 950.90 1000.01
Shreyans 197.65 202.70 196.10 207.45 196.10 91.60 207.10 33.50 11 202.10 Triv.Eng [1] 89.95 89.80 90.50 90.65 89.55 729.48 100.00 46.60 11 89.90
Precsn.Wre [5] 144.00 139.35 144.00 145.80 138.20 30.08 148.00 77.30 15 139.20 Triv.Tur [1] 138.20 137.65 139.80 139.80 137.00 65.58 148.20 105.35 37 137.45 Most-Gold 18.83 19.25 17.52 20.30 13.00 19.95
Premier 32.40 32.85 33.45 33.45 32.15 8.14 42.40 27.60 - 32.60 Shreyas 349.80 361.00 353.25 363.00 349.50 34.62 464.55 193.10 27 359.85 MostM50 [7] 88.50 88.55 2.28 94.00 73.10 90.80
Shyam Tel 28.75 28.85 28.80 28.85 28.65 1.16 40.35 26.05 - 28.70 TT 66.60 67.05 67.90 68.80 66.00 30.26 74.65 40.00 - 67.20
Premier Polyfilm 28.25 28.50 27.50 28.70 27.05 1.68 208.40 109.00 6 152.40 TTK Prst 6481.85 6439.50 6549.00 6549.40 6406.50 5.01 6800.00 4307.00 66 6424.55 MostM50 368.28 374.14 1.18 426.70 247.00 372.10
PremierExplo 413.20 425.10 415.90 437.75 415.90 63.00 438.65 304.50 39 424.85 ShyamCent [1] 8.90 8.95 8.90 10.60 8.40 198.98 11.52 5.60 - 9.18
TTKHealtcare 779.95 779.95 780.00 780.50 772.40 2.28 1110.00 768.00 31 773.60 NiftyBeEs 951.12 960.03 25.77 1085.73 782.20 960.05
Pressman [2] 69.70 71.10 70.00 72.90 69.70 134.01 76.00 39.25 25 71.10 Sicagen 45.00 41.90 44.70 45.75 40.60 268.94 47.25 17.00 26 42.15
TTML 7.95 7.95 8.00 8.30 7.90 2655.23 10.48 5.42 - 8.02 NiftyJrBeEs [1] 268.12 271.21 5.88 272.00 190.00 272.00
Prestige Est 249.75 242.55 249.50 251.35 241.50 200.20 283.10 141.30 27 243.20 Sical Log 269.70 270.85 271.00 277.40 267.15 85.83 280.35 130.25 36 270.95
Siemens [2] 1447.80 1462.90 1465.80 1471.35 1439.10 560.84 1470.00 1011.00 76 1460.90 Tube Inv [2] 689.45 700.20 689.45 713.90 682.65 67.69 730.00 430.00 78 697.50 PSU Bk BeEs 416.74 412.19 0.85 434.80 235.00 -
PRICOL [1] 83.85 84.00 83.95 84.80 83.50 92.67 115.35 77.00 21 84.15 Tulsi Ext 4.10 4.10 4.15 4.35 4.05 10.98 6.94 3.48 - 4.20 Qgold [100] 1282.75 1276.60 0.41 1439.00 1241.00 1285.00
Prime Foc [1] 107.35 111.65 107.05 112.50 107.05 160.54 118.40 47.00 - 111.60 Signet Ind [1] 12.15 11.75 12.00 12.30 11.70 1058.41 45.65 11.42 - 11.79
SIL Inv 175.95 186.80 175.05 195.90 175.05 10.14 193.00 81.05 12 186.55 TV Today [5] 270.00 271.60 271.20 280.00 269.80 327.39 359.85 250.00 19 272.05 Qnifty 1001.50 1007.00 0.03 1044.00 740.00 -
Prime.Sec [5] 36.90 38.25 37.35 38.70 36.35 303.52 49.20 4.35 32 38.05 TV Vision 239.50 239.75 245.50 246.00 238.00 63.75 327.95 226.00 96 239.70 RELCAPAMC - RELCONS 42.35 43.50 0.12 48.67 35.14 -
Prism Cem 122.05 121.80 122.90 123.35 121.00 256.62 129.10 72.00 - 121.80 SimbholiSug 33.55 34.20 33.20 34.70 33.00 44.94 61.20 25.35 - 34.00
Simp.Inf [2] 410.05 409.70 413.90 414.80 405.05 16.92 439.35 260.00 29 407.55 TV18 Br [2] 39.95 41.45 40.10 41.75 40.05 5145.53 50.00 34.40 - 41.45 RELCAPAMC - RELDIVOPP 25.65 25.69 0.05 29.00 16.35 -
Prit.Nandi 28.90 28.15 29.00 29.30 28.00 34.00 31.45 12.50 - 28.00 TVS Elec 184.90 192.70 185.90 195.00 185.10 312.36 231.90 87.65 168 192.80 RELCAPAMC - RRSLGETF 16.65 16.78 0.05 17.14 15.60 -
Provogue [1] 4.70 4.65 4.70 4.80 4.60 71.95 6.70 3.21 - 4.71 Sintex [1] 115.95 115.05 116.40 116.85 114.25 3474.00 117.40 70.00 12 115.15
Sita Shr Fd 6.25 6.30 6.20 6.35 6.15 25.41 16.29 5.51 - 6.18 TVS Mot [1] 498.70 494.55 499.20 501.95 491.85 2435.73 518.95 280.30 42 497.05 RelCNX100 98.08 99.70 0.05 105.50 73.50 -
ProzoneIntu [2] 44.35 44.75 43.80 45.45 43.80 134.96 51.90 23.50 - 44.70 TVS Sri 4063.40 4043.70 4090.00 4144.95 4032.05 6.24 4304.05 2228.65 18 4042.05 SBI-ETF Gold 2576.80 2577.95 1.55 2972.30 2540.00 -
SitiNetwork 32.00 31.80 32.70 32.70 31.60 151.48 41.45 28.15 - -
PSL 5.90 5.80 5.80 6.00 5.70 82.34 8.35 4.88 - 5.92 SBI-ETF NIFTY 50 93.66 94.30 1.40 105.04 77.91 -
Siyaram 1700.10 1696.35 1720.00 1720.00 1671.00 1.22 1774.00 994.00 20 1697.10
PTC
PTC Ind Fin
103.10 103.20 103.85 105.25 102.55
47.50 48.25 47.85 49.10 47.30
2553.40 105.30 63.00 11 102.85
2353.68 49.15 33.60 11 48.15
SJVN 34.05 33.20 34.15 34.55 32.25 1403.49 36.55 26.00 10 33.40 U................................................. SBI-ETF NIFTY BANK 230.95 232.00 0.23 235.00 140.50 -
SKF India 1610.35 1599.70 1638.35 1638.35 1588.55 7.66 1740.00 1170.00 36 1603.65 UB [1] 797.10 803.85 796.10 813.45 791.95 171.57 975.50 690.00 77 803.00 SBI-ETF NIFTY NEXT 50 271.00 273.85 0.33 290.00 194.30 -
PTL Ent [2] 48.90 49.10 48.70 50.20 48.60 80.82 177.25 40.50 11 48.70 UB Hold 31.10 30.50 31.20 31.20 30.10 197.88 60.50 18.10 - 30.15 Sharia BeEs 219.75 225.00 0.02 229.00 175.55 -
SKIL Infra 33.75 32.90 33.95 36.00 31.90 1394.37 36.00 17.25 - 33.00
Pudum.Ind [2] 13.15 13.15 13.00 13.40 13.00 11.80 20.00 9.00 - 13.28 Skipper [1] 191.20 195.90 190.95 201.00 190.10 147.61 201.00 125.25 21 197.85 Ucal Fuel 209.75 211.50 209.60 215.00 209.60 36.95 242.45 103.00 18 211.25 UTI Gold [100] 2545.55 2539.65 1.66 3000.00 2479.06 2542.00
PudumjePap [1] 25.50 25.85 25.80 26.75 25.65 115.72 31.10 12.21 14 25.80 Smartlink [2] 99.00 98.55 99.10 100.00 98.50 10.37 123.40 76.00 38 98.80 Uco Bk 42.80 41.70 43.00 43.15 41.50 1552.27 46.60 29.50 - 41.75 UTIAMC - UTINIFT 950.00 958.98 0.02 1031.95 755.90 -
PudumPulp [2] 23.45 25.40 24.00 28.10 23.70 506.28 28.60 14.00 - 25.50 SML Isuzu 1336.75 1350.30 1349.45 1368.00 1331.00 45.27 1433.85 891.45 28 1352.00 Uflex 368.20 373.85 370.50 376.90 368.25 243.78 382.65 173.70 13 373.40 UTIAMC - UTISENS 305.35 308.25 0.04 308.95 216.90 -
Pun.Natl.Bk [2] 173.60 172.15 174.00 175.45 170.80 6404.72 185.65 71.10 - 172.05 SMS Phr [1] 89.85 90.95 90.70 91.30 89.65 51.54 115.00 78.00 17 90.45 UFO Moviez 433.25 438.80 433.30 448.85 433.30 91.99 625.00 389.90 22 439.90
Punj Lloyd [2] 24.45 24.75 24.60 25.35 24.50 5555.50 28.30 16.90 - 24.80 SnowmanLogi 60.15 60.55 60.50 61.00 60.20 385.30 93.85 48.25 - 60.50 Ugar Sug [1] 33.15 33.10 33.10 33.90 32.95 247.43 73.10 22.15 6 33.25 *: Closing price is the average of trade price(s) for the last half an hour;52-Week High/Low figures
Punj.Chem 288.00 286.95 290.00 292.70 286.00 4.50 313.95 160.00 31 287.35 Sobha 409.80 409.80 411.15 414.00 402.25 107.61 430.00 224.05 32 408.70 Ujaas [1] 37.05 36.75 36.90 37.40 36.45 574.15 52.25 19.40 19 36.90 pertain to BSE.
Punj.Mohta 70.50 71.40 71.35 71.80 70.90 68.97 96.65 38.10 15 71.05 Solar Ind [2] 789.20 799.10 793.00 801.00 790.00 13.55 909.00 589.50 54 795.05 UjivanFinSer 338.45 346.75 340.50 350.00 340.45 1281.83 547.00 217.05 20 346.35 Shares of face value other than ₹10 is indicated in brackets immediately following the name of the
Puravankra [5] 67.05 66.55 66.70 68.00 66.35 93.57 71.75 37.20 22 66.50 Som Dist 143.95 152.95 147.55 157.55 142.00 109.37 208.40 109.00 34 152.40 UmangDair [5] 81.40 82.60 82.90 83.80 81.30 22.97 101.00 60.75 42 82.25 company.
PVR 1547.75 1542.45 1543.15 1561.35 1537.50 131.14 1659.70 820.05 76 1541.85 Somany [2] 782.60 818.15 790.00 840.00 784.35 77.65 840.00 417.00 40 821.70 Unichm Lab [2] 264.40 262.90 264.40 267.40 261.45 44.79 319.90 235.05 24 263.75 Qty (No of shares traded) is denoted in thousands.
SomiConveyor 56.00 57.40 57.50 58.50 56.25 2.37 68.00 32.10 - 57.00 Union Bk 178.95 176.70 180.00 180.90 174.75 6518.70 205.00 104.50 22 176.70
Q................................................. Sona Koyo [1] 82.35 82.30 82.25 82.70 82.15 72.35 90.00 43.60 70 82.30 Uniph.Ent [2] 80.00 79.85 80.00 80.50 79.00 27.29 81.90 43.20 49 79.10 The PE(price-earnings multiple) of each stock is based on the latest declared earnings.
Quess Corp 847.65 879.00 840.05 889.00 840.05 100.00 887.00 452.40 113 875.80 Sonata [1] 163.25 163.45 163.75 165.55 162.95 113.33 224.50 140.05 12 164.00 Unitd.Bk 23.20 22.95 23.25 23.40 22.80 908.89 29.25 16.45 - 23.00 The PE computation takes into account the per share earnings of each company for the latest 12
QuickHealTec 243.15 242.55 242.95 244.60 241.95 95.42 297.50 202.45 22 242.30 SorilHld&Ven 37.50 36.95 38.00 38.00 36.55 407.78 54.85 16.70 - - Unitech [2] 5.75 5.70 5.80 5.85 5.6014841.64 9.05 3.69 - 5.65 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

21St Cen.Mgm 25.05 25.00 Bambino Agro 237.00 242.15 Cosco India 277.60 277.00 Garnet Const 14.80 15.85 Ishan Dyes 46.00 46.00 Ludolow Jute 93.15 94.15 Panch.Steel 38.40 39.30 Richa Ind 37.95 37.45 m Vegetable [1] 3.10 2.84 Winsome Brew 7.81 8.20
A.K.Capital 422.00 426.60 Basant Agro [1] 10.08 11.00 Cosmo Ferr. 20.50 20.40 Garnet Intl 669.00 677.85 Ishita Drugs 20.70 21.00 Mac Charles 495.00 500.00 Pankajpiyus 63.00 66.00 Ridhi Sidhi 482.40 494.05 H Veljan 1320.10 1287.50 Wisec Global 5.24 5.08
A.Sarabhai 11.17 11.44 Bcl 79.05 78.35 Cosyn 120.95 121.70 Garware Poly 128.50 129.90 Istrnetwk [4] 14.50 14.10 Machino Plas 290.60 287.70 Panyam Cemen 82.70 82.85 Riga Sugar 30.30 33.30 Vertex Sec. [2] 2.89 2.79 Wpil Ltd. 446.90 455.20
Aarey Drugs 107.50 108.60 Bdh Indus. 87.85 87.40 Cranex Ltd. 15.80 16.59 Gayatri Sugr 10.66 10.44 Isw Ltd [1] 3.63 3.81 Mafatlal Ind 272.65 275.65 Parle Softwr 10.90 11.25 Rishi Laser 31.50 30.95 M Viaanindus [1] 20.25 20.55 Yash Papers 38.15 39.70
Aayush 47.10 48.00 Beekay 168.75 163.00 Cslfinance 333.70 344.45 Gee Ltd [2] 64.95 64.90 Jackson [1] 4.20 4.28 Magna Electr 180.95 179.00 Parnaxlab 69.70 70.10 Rishiroop 58.80 59.15 V Victor Mil [100] 3198.00 3177.20 Yuken India 1482.85 1514.70
Abc India 91.05 93.05 Benares Hot 1312.25 1282.05 Ctl [1] 22.90 21.05 Gencon 108.25 109.00 Jaibala Ind 18.60 18.95 Maha.Rubtech 58.15 58.15 Pas.Acrylon 28.55 28.20 Rishitech 71.10 73.40 m G Vijay Textil 37.65 38.00 Zenith Fibre 153.80 158.00
AbmKnowled[5] 150.25 151.10 Bengal Tea & 52.90 53.75 Cybermate [2] 3.52 3.59 Gennex Lab [1] 5.97 5.91 Jaipan Indus 25.15 26.30 Majestic Aut 116.25 114.20 Patel Airtem 184.30 183.05 Rit Pro Ind 7.99 8.00 Vik W Zenotech 55.65 53.25
Ace Software 24.00 22.90 Bengla& Asm 1715.70 1712.40 Dai-Ichi Kar 471.50 471.10 Gini Silk Mi 369.55 333.10 Jasch Indust 72.35 72.00 Makers Lab. 119.90 121.10 Paushak Ltd 580.00 599.65 Rmchem [1] 21.90 22.00 V m m Zf Steering 1317.35 1320.30
Achal [1] 1.97 1.98 Beststeel [2] 107.70 106.35 Daikaffil Ch 72.25 71.95 Gloster 574.85 577.40 Jaykay [1] 9.15 9.26 Mancredit 44.05 46.00 Pawansut 17.20 17.20 Rmgalloy [6] 5.20 5.45 m V Zuari Agro 423.25 432.90
Aci Infocom [1] 6.91 6.92 Bh.Immun&Bio 35.50 34.65 Deccangold [1] 37.30 37.45 Gmm Pfaudle[2] 540.60 540.00 Jayshri Chem 13.75 13.85 Mangala Ind [1] 1.68 1.74 Pbm Polytex 93.20 95.10 Rnbowdenim 13.91 13.22 M U C m V
U m V C Group T
Acme 16.00 15.20 Bhagira.Chem 165.35 170.50 Deepak Spinn 93.05 96.15 Gnrl 32.35 32.95 Jaysn Dyest [1] 80.80 82.95 Manorg 81.70 78.70 Pcs Tech 27.30 26.80 Roselabs Fin 26.20 24.90
Acrycil Ltd. 485.85 488.65 Bharat Seats [2] 85.70 86.75 Denis Chem 152.75 148.55 Godavari Dru 42.00 42.95 Jct Ltd [2] 5.05 5.02 Marsons 11.66 11.52 Pennar Alum. 0.33 0.32 Roto Pumps [2] 59.75 60.00 U A V
Adcindia 258.90 259.10 Bharatagri 84.20 86.10 Dhabriya 164.05 165.95 Goldcoinhf 14.48 14.15 Jenburkt Ph. 445.75 447.00 Maruti Infra 28.60 28.20 Pentamed.G [1] 0.61 0.62 Royal Ind 1.58 1.65 U Q V Atishay 104.60 106.65
Adinath Exim 22.25 23.35 Bihar Sponge 2.31 2.26 Dhampure Sgr 17.80 16.80 Golden Goen [5] 6.00 6.15 Jislbndvr [2] 64.80 66.70 Mathew Easow 18.20 18.05 Pfl Infotech 8.40 7.98 Royale Manor 12.71 13.13 m U V G Biofil Chem 12.30 12.20
Aditya Spin. 12.45 12.50 Bilcare Ltd. 61.15 61.30 Dharamsi Chm 104.45 106.80 Golden Lamin 678.35 700.45 Jkagri Gen 607.20 608.90 Maxheights 50.70 50.40 Photoquip(I) 19.70 19.25 Rubfila Int. [5] 52.10 52.15 U V m Captain Poly 140.00 142.95
Ador Fontech[2] 90.15 90.90 Bindalagro 29.70 30.50 Dhindia 21.70 22.35 Goldencap 37.00 37.00 Jmd Telefilm [1] 3.02 3.00 Maxima Syst [2] 9.40 9.46 Phytochem I. 64.70 63.10 S Kumars.Com 1.46 1.40 U V Comfort Com 27.30 27.95
Advent Comp. 2.22 2.33 Binny Ltd. [5] 217.40 228.25 Dhoot I.Fin. 46.60 46.40 Golecha Glob 6.23 5.94 Joindre Capi 22.60 23.75 Mayur Leathr 21.50 21.45 Piccadily Ag 10.27 10.30 S.I.Paper 111.00 111.50 U V Kushal [2] 179.10 182.65
Advik 39.35 39.40 Binny Mills 297.00 326.70 Dhp India Lt 382.90 390.80 Gonter Peip 7.35 7.71 Jstl 41.50 41.50 Medi Caps 30.00 30.50 Piccadily Su 7.55 8.31 Saamya Bio 4.05 4.04 U V Looks 16.70 17.40
Ael [5] 154.00 149.65 Biopac India 25.00 24.95 Dhun Teaind 310.15 310.00 Goodricke 266.45 264.30 Jtl Infra 58.95 59.15 Medicamen Bi 492.00 498.45 Pinconlife 71.00 68.00 Saboo Sodium 14.83 15.57 A V C mm WH Madrasfert 25.00 26.25
Aimco Pesti. 93.80 91.15 Birla Pretec [2] 5.15 5.19 Diamant [2] 1.24 1.24 Goodyear (I) 849.05 845.60 Jupiter Info 80.05 82.00 Medinova Dia 34.00 33.95 Pion Invest 75.75 77.50 Sacheta Met. 56.65 56.55 H V W Mah.Ras.Apex 70.50 74.00
Ajanta Soya 75.50 75.30 Bl.Chip Tex 94.05 94.00 Diamines&Chm 77.80 78.05 Gopala Poly. 62.00 61.80 Jyoti Ltd. 45.95 46.50 Mel 315.10 310.05 Pix Trans 132.10 134.00 Sadhana Nitr 60.15 60.55 D C m V m W Modi Rubber 93.30 93.65
Ajil 74.00 72.90 Bla Ros Ind [1] 28.30 27.10 Diana Tea Co [5] 26.00 25.95 Govind Rubb. 36.80 36.15 Jyoti Resins 166.25 172.05 MenoPiston [1] 24.35 24.75 Poddar 1089.05 1099.25 Safari Ind. 1385.85 1410.00 K V m W Oasis 67.00 67.00
Akar Tools L 68.00 69.00 Bloom Dekor 73.90 75.00 Diligent [5] 18.00 17.25 Gradiente 0.75 0.72 Kallam Spg. [2] 26.70 27.25 Metroglobl 82.05 83.00 Poel 80.25 81.55 Sagarprod [1] 14.35 14.50 V m W Obi Ltd 51.85 50.00
Alexander 36.65 38.00 Blue Circle [1] 3.94 3.95 Dion 65.25 65.65 Graue& Weil [1] 41.15 41.20 Kalpacomme 140.40 141.05 Mient [1] 48.50 49.35 Polo Hotels 10.01 9.85 Sagarsoft 31.10 33.70 V H W Padmalaya Te 8.03 8.43
Alfa Ica (I) 57.95 55.30 Bnk Capital 68.20 66.30 Disa India 5050.00 5100.00 Graviss Hosp [2] 17.75 18.60 Kamadgiri 99.95 105.45 Milkfood 225.45 217.80 Polychem 427.00 447.90 Sahara Housg 70.30 67.75 M V W D Rci Ind 170.00 170.40
Alfa Transfo 23.40 24.35 Bnr Udyog 40.30 39.00 Divya.Granit 129.05 128.05 Guj.Auto Ge [2] 303.00 306.50 Kamaholding 3275.55 3208.85 Minaxi Text. [1] 2.02 1.98 Polymech.Mch 21.80 22.00 Sahya Indu 110.15 110.90 V D W Skfl [1] 7.35 7.53
Alfl [1] 6.97 6.65 Bodhtree 39.40 40.85 Dolat Inv. [1] 2.54 2.69 Guj.Borosil [5] 85.10 85.45 Kaman Hsg 15.75 16.00 Mobile Tele [1] 3.10 3.09 Polyspin 77.80 80.85 Saibaba 345.05 348.10 C m V W m Suyog Tele 414.00 415.00
Alora 23.90 24.00 Borax Morarj 50.50 51.00 Dollex Ind. [5] 3.00 2.87 Guj.Credit 26.90 27.35 Kandagiri Sp 50.20 50.95 Modern Dairi 14.65 14.50 Poona Dal 33.45 40.10 Saint-Gobain 47.75 48.60 V Wm Urja Global [1] 1.11 1.12
Alu Fluoride 62.50 62.05 Borosil Glas 7349.35 7506.20 Duke Offshor 146.80 140.00 Guj.Foils 22.95 22.65 Kanishk St. 11.90 11.67 Modinatural 127.55 132.00 Porwal Auto 40.05 42.75 Sambandam Sp 141.35 131.75 V Wm m Ybrantdigi [2] 6.83 7.12
Amal Product 123.25 124.65 Brahm Infra 31.20 30.25 Duncaneng 93.10 90.40 Guj.Themis. [5] 50.80 50.40 Kanpur Plast 145.40 147.50 Modipon 29.05 28.90 Pradeep Met. 71.95 71.15 Samkrg Pist. 233.10 243.80
Amines&Plast [2]
Ammltd
37.10
310.00
36.30
315.50
Brawn Bio
Bright Bros.
81.50
86.70
80.00
85.50
Dutron Poly.
Dwekam [1]
166.15
2.64
159.80
2.60
Haldyn Glass [1] 46.00
Hardcastle 305.00
45.85
313.00
Katwa Udyog
Kavitind
201.20
27.20
202.00
27.15
Modiso Met. [1] 72.10
Mohit Paper 16.00
72.60
16.00
Prag Bosimi
Pranav.Spin
6.00
26.00
5.92
26.65
Sampre Nutri
Samrat Pharm
41.40
80.10
42.05
79.30
G NSE Trade for Trade
Amrapali Ind [5] 6.27 6.02 Bronze 5.05 5.15 Dwitiya [2] 295.80 296.00 Haria Export 4.13 4.01 Kcp Sugar In [1] 35.45 35.65 Monarch 50.20 48.80 Precision El 32.75 32.60 Samte Fash. [2] 4.13 4.09 C m P C C C m P C C C m P C C
Amrit Corp 595.00 589.10 Bronze Infra 1.37 1.37 Dynamic Ind. 69.85 69.70 Hawaeng 76.00 76.85 Keerthi 185.20 185.00 Monotyp Ind [1] 14.39 14.88 Premco Glob. 486.65 458.45 Sandu Pharma 35.00 34.40
Amulya Leas. 376.70 376.85 Bull 32.35 31.15 Dynemic Pro 138.05 139.65 Hawkins Cook 3000.45 3034.50 Kennametal 649.35 685.50 Moschi Semi [2] 49.70 50.10 Prerna Infr 38.75 37.80 Sandur Mang. 647.35 661.90 A M G
Andhra Petro 28.30 28.85 Cals Ref Ltd [1] 0.12 0.12 Eastern Gas 65.50 65.00 Hb Estate De 17.72 18.60 Kerala Ayur 94.60 96.70 Mountt Shiv. 16.10 16.00 Prima Plasti 282.35 284.20 Sangam Adv 37.95 39.80 A M G N
Andrew Yule [2] 37.95 37.70 Camex Ltd 28.50 28.90 Eastern Tred 108.60 103.35 Hb Leas.Pub 1.96 2.00 Kesar Petro [1] 38.85 38.00 Mpl 26.60 27.90 Prime Prop [5] 36.25 36.50 Sanjivani Pa 12.30 11.71 m A H D m
Anilltd 73.55 75.00 Camph.& All 814.00 841.60 Ecs 24.00 24.75 Hb Portfolio 24.75 25.45 Kg Denim 92.80 92.90 Msr India [5] 44.05 45.50 Prime Urban [2] 34.50 34.15 Sankhya Info 56.35 55.35 H A C H O
Ankush Finst 12.91 13.00 Camsonbio 31.95 33.50 Edsl 14.64 13.91 Hemang 10.50 9.99 Khaita Chem [1] 17.00 16.95 Multibase I 322.75 323.85 Prism Medi 32.45 32.45 Sappl 230.00 231.00 C A D H
Ansal Build. 77.85 76.00 Camsonseeds 17.47 18.23 Elantas 2125.35 2151.10 Him.Fibres [1] 10.54 10.27 Khod.India 59.00 59.00 Mys Petro 98.50 99.70 Pritikauto 56.00 56.00 Sarda Ply. 215.65 214.95 C A H V V
Anshus Cloth 1.65 1.73 Capricorn 16.94 17.69 Eldeco Hous. 729.60 722.25 Himalaya Int 33.70 34.25 Khoobsurat [1] 0.31 0.30 N.R.Agarwal 325.80 323.90 Pro Fin Cap. 202.20 196.05 Sat Ind Ltd [2] 31.05 31.30 Am W M
Antif Bearng 173.20 176.05 Caprihans 99.45 102.40 Elegant Marb 151.00 159.30 Hind Alumin 94.90 99.60 Kilburn Chem 49.00 49.00 Narmada Gel 131.60 128.55 Pun.Alkali 19.00 18.80 Satprop Ltd [2] 7.17 7.60 A C m w O
Anuh Pharma[5] 196.50 197.10 Carnation In 51.65 51.05 Elixir 37.95 37.15 Hind.Foods 167.00 159.10 Kilburn Engg 64.80 65.30 Nat Plastic 42.10 42.55 Purple 27.50 28.80 Sauras.Cem. 71.55 73.00 A m m
Aplaya [1] 11.12 10.57 Catvision 21.50 22.05 EmamiPaper [2] 120.05 127.45 Hind.Tin Wrk 72.00 72.10 Kilpest (I) 43.35 45.50 Nat.Peroxide 1266.00 1265.55 Pvvinfra 11.62 11.50 Saven Techno 28.00 28.05 A &N C m
Apm Indus. [2] 65.25 65.60 Ccl Inter 21.00 21.00 Empire Ind. 1900.00 1919.40 Hindu.Adhesi 72.30 70.05 Kinetic Eng. 103.85 101.95 Nat.Plastic 85.65 86.60 Pwasml 28.70 29.00 Sbcl 56.00 56.00 A H H
Apple Financ 4.24 4.19 Ceejay Finan 104.85 110.05 Enkei Wheel [5] 226.20 227.00 Idealtex 176.50 179.50 Kingsinfra 13.54 13.25 Nateco 88.75 89.10 Qfsl 1.50 1.50 Sbisensex 312.65 315.00 A A
Architorg 64.25 67.45 Cenlub Indus 53.05 52.00 Envain Elect 35.00 35.50 Ikf Techno [1] 0.76 0.73 Kiran Vypar 106.05 107.10 Natfit 245.10 243.25 Quadrant [1] 3.06 2.97 Sbl [1] 0.35 0.34 m A C
Arfin 490.00 489.00 Centru Cap [1] 49.60 49.30 Epc Indus. 163.15 166.05 Incap Ltd. 42.10 44.20 Kirl.Ferrous [5] 95.95 105.65 Natural Caps 78.25 79.85 Raclgear 42.30 41.50 Scandent 20.60 20.50 G A w K m
Arihant Cap. [5] 57.10 61.10 Chamanl Se [2] 106.00 104.85 Escort Finan 10.76 11.29 Ind.Acrylics 20.50 20.10 Kirlosar Pn 1242.10 1238.75 Negotium [1] 5.70 5.60 Radhe Devlop 29.85 30.90 Scanp Geom [2] 29.45 28.65 A C K M
Arnavcorp 1.20 1.18 Chandni Te 14.33 13.77 Euro Ledar F 15.85 16.64 Ind.Toners 163.25 168.00 Kirloskar El 41.85 41.50 Nettlinx Ltd 109.65 120.80 Radhey 13.40 12.90 Schand 675.85 649.55 K A
Arnold Hold [2] 7.10 7.37 Chandra Prab 19.60 19.50 Everest Org. 104.00 109.20 IndaRubber [2] 208.00 212.20 Kisan Mould. 94.30 93.25 Network Ltd. 4.00 3.80 Radiocity 346.45 344.50 Scooters Ind 62.60 65.70 w O K G
Artson Eng [1] 64.35 61.15 Charterlogis [1] 22.90 22.80 Excast [2] 2.44 2.43 India Gelat. 107.50 108.15 Kkalpanaind [2] 40.10 41.10 Nexuscommo 62.00 61.90 Raghuvir Syn 88.45 86.70 Sensexiwin 309.95 312.63 w V K D m
Ashikacr 32.30 32.00 Chd Dev Ltd [2] 9.07 9.51 Expo Gas [4] 11.34 11.90 India Home 130.70 125.75 Klifestyle [1] 0.17 0.16 NglFine Chm [5] 380.35 380.65 Raj Glo Wir 608.40 605.50 Sflinter 20.00 19.60 w V K m
Ashirwa Cap [1] 2.78 2.86 Chemb Chm [5] 228.20 224.95 Facor Alloys [1] 4.15 4.16 India Niveh [1] 40.95 41.70 Kmc Shil [1] 15.80 15.45 Nhcfoods 13.90 14.59 Raj Packagin 33.00 33.00 Sh.Hari Chem 79.30 80.00 w G K KM
Ashok-Alco 96.20 96.95 Cheviot Co. 1079.90 1079.55 Faze Three L 121.80 122.65 India Touris 648.00 646.05 Kocl 2.96 3.00 Nile Ltd. 588.80 635.30 Rajkumar Frg 53.10 54.35 Sha Eng Pla 569.80 569.10 w G K K m
Asian Oilfie 189.85 194.55 Chl Ltd [2] 25.50 26.70 Fenoplas.Ltd 62.00 65.10 Indian Info. [1] 0.22 0.21 Kotak Sensex 299.00 302.95 Niraj Cement 35.85 36.50 Rajoo Engin. [1] 23.30 23.05 Shalib.Finan 83.00 81.90 G
Asian Tea 22.40 23.40 Choice Int. 92.05 91.95 Ferro Alloys [1] 10.71 10.56 Indicap 40.70 40.60 Kotaknifty 933.00 944.90 Nirlon 213.45 206.10 Ram RatWire[5] 108.60 112.25 Shankara 717.80 723.75 m C&C C M
Asm Technolo 108.60 109.25 Choksi Imag 29.75 29.70 Ferventsyn 27.70 27.95 Indo Amines 85.80 83.80 Kothari Ferm 68.45 70.35 Nitincast 118.75 112.85 Rama Paper 16.55 16.75 Shantai 536.00 539.15 m CCC M w C
Asso.Alcohol 124.15 130.35 Choksi Labor 24.10 24.05 Fiberwb In 339.30 345.95 Indoboraxc 308.00 303.50 Kriti Nutri [1] 20.30 20.80 Nitta Gela 213.70 200.75 Rama Phosph 118.25 117.65 Shardul Secu 41.85 41.45 m C M A m
Assoc.Stone [1] 46.20 46.90 Chordia Food 139.50 136.00 Filat Fash [5] 3.97 3.93 Indoglobal 20.45 20.50 Kuantum 466.35 483.60 Nova Iron&St 13.57 13.99 Rama Pulp 26.75 27.00 Sharp India 87.75 86.60 & G C mm M C
Asyainfo 38.85 40.30 Chowgule St 14.55 14.10 Firstobj 18.60 18.10 Indokem Ltd. 36.15 36.90 Kuberji 53.50 53.90 Novapublic 70.00 70.50 Raminfo 63.50 63.95 Shetron Ltd 44.05 48.75 C M A m
Atv Projects 6.87 6.96 Citadel 68.00 68.00 Flex Foods 114.00 112.55 Indovation 13.88 14.55 Kulk-Power [5] 39.90 41.85 Novartis [5] 686.60 675.95 Rapicut Carb 80.15 79.05 Shilchar Tec 445.00 456.00 C M
Aunde Ind 74.00 72.45 Cj Gelatin 10.88 10.34 Florence 1516.45 1481.40 Indsil Hyd 75.20 78.95 Kunststoffe 29.25 29.20 Nutra [5] 24.45 24.10 Rasi Electro [2] 6.37 7.12 Shilp Gravur 122.95 123.10 m C C V M G N m
Auro Lab. 40.05 40.00 Claris Life 346.30 341.75 Fluidomat 211.35 209.25 Indus.&Prud. 1305.00 1298.80 Lactose(I) 152.45 146.20 Ocean Agro 33.45 32.80 Rathi Bars 13.00 12.65 Shiv.Bimetal [2] 68.25 67.75 A C M C m
Austin Engg. 59.65 60.00 Classic [1] 1.14 1.16 Fomento Hote 133.00 130.00 Indusfinl 21.90 20.10 Lahoti Over. [2] 25.35 28.30 Odyssey Tech 53.25 54.00 Rathi Graph. 23.80 23.70 Shiva 4.08 4.16 D N W
Avantel Ltd 201.45 201.15 Cllimited 254.10 253.00 Forbes & Co 1729.55 1709.20 Inn.Tech.Pac [1] 69.55 69.55 Lakshmi Elec 521.55 522.30 Ok Play (I) 165.10 173.35 Rathi St 3.38 3.30 ShivCement [2] 21.75 21.70 DQ N N m
Avonlife 7.33 7.73 Cmi Fpe 594.40 596.55 Force Motr 4506.25 4550.90 Inno Invest 15.50 15.25 Lakshmivilas 182.30 180.75 Olympic 17.30 18.70 Rccl 40.70 42.70 Shiva Fert. 79.45 88.60 w N M
Avonmore 12.70 12.06 Cni Res Ltd [1] 3.64 3.74 Fortis Mlr 84.10 85.95 Insilco Ltd. 26.65 26.75 Lancor Holds[2] 37.65 38.55 Omansh [2] 19.30 19.15 Rcsl 32.50 32.00 Shivalik 285.30 295.90 m OC m G
Axtel Indus. 85.50 87.05 Cochin Min. 101.30 99.05 Fortune Fin. 346.95 354.75 Int.Conveyor [1] 28.00 26.20 Lawreshwar 51.75 52.40 Optiemus 60.20 57.20 Rdb Rasayan 39.60 39.55 Shree Rajsyn 17.20 16.80 m m O C A N
B.N.Rathi Se 30.60 30.00 Com Fincap 14.53 14.45 Fraser 12.25 12.15 Integra Eng [1] 43.30 43.35 Layla 35.05 31.55 Organic Coat 20.50 20.10 Rdb Realty 39.00 36.55 Shreeram 65.20 66.00 D A m O w U
Baba Arts [1] 3.10 3.09 Competent Au 225.50 224.50 Freshtrop Fr 108.95 110.75 Inter.Combus 595.00 607.75 Lee&Nee Soft 2.92 3.00 Orient Bever 152.05 151.00 Refnol Resin 47.45 48.80 Shri Dinesh 143.00 141.35 m G C O C U G
Bacil Pharma 6.27 5.96 Conart Eng. 43.90 44.40 Front Buss [5] 7.69 7.80 Inter.Travel 223.85 225.70 Link Pharma 14.90 15.60 Oriental Ven 318.40 311.80 Regency 28.05 28.80 Shri Jagdamb 726.00 761.50 M O U A
Bagadia Colo 10.91 10.39 Concord 53.10 52.80 G.G.Dandekar [1] 56.20 57.55 Invest &Prec 266.95 261.85 Lkp Fin 93.65 94.45 P.G.Foils 112.50 111.85 Rel.Chemotx 72.70 73.05 Shristinfra 339.30 328.15 W O V
Baid Leasing 75.30 75.25 Confi Petro [1] 8.99 8.64 G.S.Auto Int [5] 13.74 13.49 Ion Exchange 400.05 404.20 Lkpsec [2] 11.00 11.10 Pacific Ind. 125.70 125.60 Remi Edel 39.90 39.85 Shukraphar 57.00 59.75 m G m C m A V
Balasore [5] 63.15 63.05 Conti.Contrl 7.56 7.25 G.V.Films [1] 0.63 0.62 Ippl 28.65 28.50 Lloyds Met E [1] 18.60 18.20 Pact [1] 5.49 5.58 Resonance 49.40 48.40 Sibar Auto 15.50 15.30 G V MA O &
Balmer La.In 400.20 398.50 Coral Lab. 1041.45 1134.20 Gagan Polyco 2.95 2.90 Irismedia [5] 17.85 17.50 Lotus Choc 37.25 39.10 Padmaind 60.50 60.30 Restile Cer. 5.92 5.50 Sienergy [1] 12.00 12.05 G mC m W
Balurghat Te 3.33 3.17 Cosboard Ind 41.70 41.65 Ganes Benzo [1] 43.05 43.45 Isgec 6416.45 6443.45 Loy.Tex Mill 796.95 789.95 Pana Energ 275.70 279.40 Rexnord Ele. 60.30 61.75 SimmonMar [2] 96.25 94.25 G W

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 downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams CHENNAI

16 COMMODITIES BusinessLine
THURSDAY • MAY 11 • 2017

Gold Silver Copper Brent Crude Crude Palm Oil Sugar

0
Commodity Watch $1222.50 2.50왖 $16.21 0.05왖 $5512 26왖 $49.79 0.93왖 $604.60 0.00 ¢15.69 0.08왖
per ounce per ounce per tonne per barrel per tonne per pound

QUICKLY
Weak trend in edible oils
Mumbai, May 10
Edible oils market witnessed
weak trend on lack of fresh
demand. Liberty’s rates for
Palmolein Ex STC / Shapur
were ₹560 / ₹561 for May.
Super palmolein at ₹581 for
May. Allana’s rates for
Palmolein were ₹560 / ₹563 ex Khapoli / IVP for
1-15 June. At Rajkot, groundnut oil Telia tin was
up at ₹1,530 ( ₹1,510) and Loose (10 kgs) down
to ₹925 ( ₹960). OUR CORRESPONDENT
Pulses rise on lower arrivals
Indore, May 10
Pulse seeds traded higher on declining arrivals
with tur (Maharashtra)gaining ₹100 at ₹4,150 a
quintal. Tur (Madhya Pradesh) ruled at ₹3,700.
Tur dal (sawa no.) quoted at ₹5,500-5,600,
while tur dal (full) quoted at ₹6,000-6,400 .
Moong (best) rising to ₹4,500-4,800 a quintal,
while moong (medium) ruled at ₹4,000 a
quintal. OUR CORRESPONDENT
Sugar prices rule steady
Mumbai, May 10
Sugar market ruled steady for the fourth
consecutive day on routine demand-supply
amid normal monsoon forecast. On Tuesday
evening about 17 mills sold 38,000-40,000
bags at ₹3,720-3,780 ( for S-grade and
₹3,760-3,840 for M-grade. Naka delivery
rates were: (in ₹) S-grade 3,840-3,890 and
M-grade 3,870-3,940. OUR CORRESPONDENT
Spot turmeric improves
Erode, May 10
Spot turmeric prices in Erode improved
marginally tracking futureprices and dip in
arrivals. At the Erode Turmeric Merchants
Association Sales Yard, the finger turmeric
sold at ₹5,284 to ₹6,659 a quintal, root variety
sold at ₹5,156 to ₹6,039 a quintal. At the
Regulated Marketing Committee, the finger
turmeric sold at ₹5,389 to ₹6,489 a quintal,
while the root variety sold at ₹5,159 to ₹6,189
a quintal. OUR CORRESPONDENT
Cotton sowing begins on strong note
Farmers seen
bringing more
area under the
fibre crop this year
RUTAM VORA
VISHWANATH KULKARNI
Ahmedabad/Bengaluru, May 10
Sowing of cotton has begun on a
strong note in the key growing
regions of North India such as
Punjab and Haryana, and South-
ern Karnataka, for the 2017-18 sea-
son.
Buoyed by the high prevailing
prices, farmers are seen bringing
in a larger area under the fibre
crop and the seed industry ex-
pects acreages this year to in-
crease by up to a fifth over the
previous year.
Ashwani Jhamb, Director, In-
dian Cotton Association (ICA),
said the overall cotton acreage
will increase on favourable price
conditions.
North to the fore
“But there will be a sharp surge
in cotton cultivation in Punjab,
where farmers are shifting from
paddy, arhar (black gram) guar
and partly from maize. The gov-
ernment has set a target of 4 lakh
hectares of area in Punjab, as
against 2.65 lakh hectares wit-
nessed last year," said Jhamb.
Last year, North India’s total
acreage was about 12 lakh hec-
tares, out of which Haryana had
nearly 5 lakh hectares under cot-
ton.
Experts see Haryana and Pun-
jab showing an increasein acre-
ages this year, while Rajasthan
may report a modest rise in the
cotton area from last year's 4.42
lakh hectares.
Backbreaking work Farmers sow cotton seeds at Sagamkunta village in
Raichur, Karnataka, in this file photo SANTOSH SAGAR
Cotton prices are ruling at
around ₹41,800 per candy (each
of 356 kg), while raw cotton
prices are hovering between
₹5,375-5,600 per 100 kg. Prices
have stayed firm during most of
the 2016-17 season on steady de-
mand.
Output estimate
Latest estimates by the Agricul-
ture Ministry have pegged the
output for the 2016-17 season at
325 lakh bales of 170 kg each over
previous year’s 300 lakh bales.
More than the price support,
the availability of suicient wa-
ter and the near-normal mon-
soon prediction have sparked
optimism across the cotton
growing community.
In the North Region, the sow-
ing, which began in mid-April is
in full swing, while first picking
is expected in the second half of
September.
Cotton Association of India
(CAI) President Nayan Mirani
maintained that the monsoon
would play a crucial role in mak-
ing the cotton story a success for
farmers this year. “Last year, we
had seen some decline in acre-
age in North India, owing to pest
attack and erratic weather. This
year, the weather seems favour-
able and also the farmers are
geared up to tackle any pest at-
tacks,” said Mirani.
Though Mirani maintains that
the cotton acreage will go up this
year, the quantum of increase in
the acreage will only be con-
firmed after the onset of the
monsoon, predicted for later
this month.
Gujarat, the largest cotton pro-
ducing state, may see about a 20
per cent jump in cotton acreage,
from about 24 lakh hectares last
year.
Sowing begins
Sowing, however, has started in
the irrigated farms, while most
of the non-irrigated regions will
begin sowing after the onset of
the monsoon.
The acreage had dropped last
year on account of factors such
as rising instances of white fly at-
tack and pink bollworm infesta-
tion. The likely surge in area un-
der cotton this year is expected
to result in a 13-14 per cent in-
crease in sales of seeds.
Seed sale surge
According to National Seeds As-
sociation of India (NSAI), cotton
seeds sales will touch about 52
million packs (each of 450 gms)
this year, highest since 2014.
“Even if there is a sharp in-
crease in the area under cotton
in Punjab, Haryana and Ra-
jasthan, the overall increase in
the acreage will be around 10-12
per cent over last year.
Even in the regions of Gujarat,
Maharashtra and Karnataka,
there is not much impact of pink
bollworm currently. So, we ex-
pect overall good growth in the
acreage,” said Dr Kalyan Gos-
wami, executive director, NSAI.
Goswami further added that
seed sales in 2017 are estimated
at 52 million packets, which was
46.1 million in 2016. Seed sales
stood at 51.2 million in 2015 and
at 41 million packets in 2014.
“The price controls on seed
prices are the same as last year, at
around ₹800 per pack, and there
is no change so far,” said
Goswami.
In Southern Karnataka, sow-
ing is almost complete in the key
growing region of HD Kote taluk
in Mysore district.
Better known for growing the
extra-long staple variety of DCH
32, planting in the HD Kote taluk
has been completed in almost
90 per cent of the targeted area
of 31,000 hectares, said oicials
of the State’s agriculture depart-
ment.
Farmers are seen shifting to-
wards Bt hybrids in the region
this year, they added.
WEEKLY OUTLOOK
Key resistance ahead for
MCX-Zinc
GURUMURTHY K
BL Research Bureau
The Zinc futures contract on the
Multi Commodity Exchange
(MCX) has been moving in a
sideways range, between ₹162a
kg and ₹171 , for almost a
month.
Within this range, the con-
tract had risen in the past week
and is hovering below the up-
per end of the range at ₹170. It
was at a high of ₹170.7 on Tues-
day and has come of slightly
from there.
The contract is currently trad-
ing near ₹169. An inability to
rise again from current levels
and break above ₹171 decisively
may pull the contract lower to
₹165 and ₹162 in the short term.
In such a scenario, the ₹162-
₹171 sideways range will remain
Tea Board reduces average
green leaf price by ₹2/kg
PS SUNDAR
Coonoor, May 10
The Tea Board has slashed the aver-
age price to be paid to farmers in
The Nilgiris for their green leaf in
May by a ₹2 a kg.
The Board’s Factory Advisory Of-
ficer Rakesh Taluru has announced
the district average price as ₹15 for
May. The price was ₹17 all through
2017. Now, it has gone back to the
May 2016 level.
Taluru has warned bought-leaf
factories not to pay less than ₹15.
This price-fall has arisen from a
crash in prices of black tea manu-
intact for some more time. But
if the MCX-Zinc futures contract
manages to rise decisively
above ₹171 and the 200-day
moving average resistance at
₹171.3 in the coming days, it can
gain fresh momentum.
Such a break can take the con-
tract higher to ₹175 initially. A
further break above ₹175 will in-
crease the likelihood of the con-
tract extending its rally to ₹180
or even ₹185 levels thereafter.
The range support at ₹162
will continue to remain as a
crucial level to watch.
The outlook will turn negat-
ive only if the contract declines
below this support decisively.
Such a fall will increase the
downside pressure and drag
the contract lower to ₹155 or
even ₹150 going forward.
factured using these green
leaves of small growers.
The average price for black
tea at the Coonoor Tea Trade
Association (CTTA) auction
has crashed to ₹87.93 a kg —
the lowest since 2015 and ₹10
less than this time last year.
“The price sacrifice was
telling, as for the first time
this calendar, not a single
grade of CTC tea of bought-
leaf factories could enter the
high-price bracket of ₹200/kg
this week,” said CTTA Chair-
man Ramesh Bhojarajan.

Nutmeg, mace prices fall on supply glut RML Agtech

GK NAIR
Kochi, May 10
Nutmeg prices are have de-
clined sharply in the do-
mestic market on slack de-
mand while they remained
outpriced in the world mar-
ket, blocking the commod-
ity’s export potential.
“Indian nutmeg is trading
$1,500 higher than Indonesia.
At this level even origin-spe-
cific buyers have switched to
Indonesia because their qual-
ity is far superior to the Indian
variety,” said Anand Kishor, IP-
STA President and Proprietor,
Kuruwa Enterprises.
Indian nutmeg is priced at
$8,600 a tonne. As against this
Sri Lankan produce is traded
at $8,000 a tonne. Indonesia
is ofering its produce at
$7,250 a tonne, he said.
Harvesting in India has be-
gun and total production of
nutmeg with shell is estim-
ated to be 15,000 tonnes. Of
this the shell weight comes to
30 per cent and thus the total
output without shell would
come to around 9,500 tonnes.
Mace production is estimated
at 1,000 tonnes, he said.
Surplus exported
India exports its surplus nut-
meg production mainly to
the Gulf countries and China.
As against the oicial export
target of 4,500 tonnes of nut-
meg and mace valued at
₹213.75 crore for the fiscal year
2016-17 India has shipped out
4,070 tonnes of the commod-
ity valued at ₹194.17 crore in
the April-December period.
Exports in the correspond-
ing period in 2015-16 stood at
3,015 tonnes valued at ₹154.11
crore.
Thus, there was an increase
of 35 per cent in quantity and
26 per cent in value.
But for mace “we are net im-
porters since the domestic
consumption is estimated to
be around 1,500 tonnes. We
import nutmeg and mace
from Sri Lanka and Indone-
sia,” said Kishor.
During the financial year
2015-16 India imported 490
tonnes of nutmeg valued at
₹19.55 crore and 1,200 tonnes
of mace valued at ₹79.50
crore, according to Spices
Board sources.
With a total output of
15,000 tonnes India accounts
for approximately 55 per cent
of the world production. Of
this the country exports
around 30 per cent. Until re-
cently there had been a reas-
onable supply and demand
equilibrium and at times,
with seasonal under-supply,
prices remained firm. How-
ever, this has changed re-
cently due to the impact of
plantation material, which
has outstripped demand.
launches Variable
Rate Technology to
map soil quality
OUR BUREAU
Ahmedabad, May 10
RML Agtech, a technology-
based farm solutions provider,
has launched an indigenous
version of Variable Rate Techno-
logy (VRT) to enhance soil nu-
trients.
The application helps farm-
ers decide the quantity of nutri-
ents required. It is also a tool to
know how many plants can be
used on a piece of land based
on soil nutrient value. The tech-
nology is popular in developed
countries.
In India, RML has customised
VRT to local conditions wherein
there will be continuous mon-
itoring of crops through satel-
lite imagery for nutrition defi-
ciency or disease and provide
real-time inputs to farmers.
Thus VRT helps in reducing
wastage of expensive inputs
and helps in improving quality
and quantity of crop yields.

America’s heartland hooks up with Silicon Valley

Farmers look for ways to cope with labour
shortage post immigration clampdown
BLOOMBERG
US President Donald
Trump’s get-tough attitude
on immigration is spurring
a surge of high-tech invest-
ment in America’s heart-
land, where farmers are
scrambling for new ways of
coping with labour short-
ages and slumping profits.
Finding people for the
sometimes back-breaking
tasks of planting and har-
vesting crops has become
more and more diicult in
the US, where the industry
has relied on cheap immig-
rant labour for generations.
Since taking oice in Janu-
ary, Trump has compounded
the problem with actions to
limit foreign workers. But
that’s also encouraged some
investors to bet that growers
will increasingly need new
tools to cut costs and boost
productivity.
In the first quarter of 2017,
a surge of cash has poured
into agricultural technology
companies.
Startups received $200
million through 29 deals,
the most of any quarter
since researcher CB Insights
began tracking the data in
2012. Other recent backers
include venture capitalist
and Sun Microsystems Inc.
Founder Vinod Khosla and
Alexandria Real Estate Equit-
ies Inc. Chief Executive Of-
ficer Joel Marcus.
Farming Technology
Technology isn’t new to agri-
culture. Since John Deere in-
vented the steel plow in the
early 1800s, farming has em-
braced new tools from tract-
ors that use global position-
ing systems to genetically
modified seeds. But even
though much of the $400
billion US farm economy is
mechanised, fresh produce
and dairy remain heavily de-
pendent on human labour.
Much of that comes from
immigrants, both docu-
mented and unauthorised.
Even before Trump ar-
rived, worker shortages
were intensifying because
former President Barack
Obama had stepped up de-
portations. There’s also been
a decline in arrivals from
Mexico, traditionally the
main source of migrant
workers. More than half of
US farm workers are undoc-
umented, according to the
American Farm Bureau Fed-
eration. The US Department
of Agriculture estimated 2.6
million jobs were on do-
mestic farms in 2015.
As labour supplies
tighten, American farmers
are increasingly under fin-
ancial stress because of low
crop prices and global sur-
pluses. The USDA estimates
farm income will drop in
2017 for a fourth consecutive
year, the first time that’s
happened since the 1970s.
The United Nations estim-
ates that the world’s popula-
tion is set to expand 35 per
cent by 2050 to about 10 bil-
lion people. Climate change
has left arable land subject
to extreme weather events
like drought that place an
emphasis on water, chem-
ical and fuel use.
That’s drawing more in-
terest in new farming tech-
nologies such as autonom-
ous tractors, plant sensors,
drones and data-manage-
ment software that will
probably generate $240 bil-
lion in revenue by 2050, ac-
cording to Goldman Sachs
Group Inc. Farmers will be
forced to adopt new techno-
logies at a faster rate, the
bank said.
Bob Payne, who grows
crops such as almonds and
barley in California, is the
type of farmer investors are
hoping to reach. Payne uses
a computer application
called Agworld to help man-
age his operations. His Deere
& Co. tractors are equipped
with GPS, and a few years ago
he bought a fixed-wing
drone. Last year, his drone
helped him spot a virus
forming in his fields that he
estimates would have cost
him $140,000 in losses.

CM . . .... . . ...CH-X
YK
CHENNAI downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams
BusinessLine
THURSDAY • MAY 11 • 2017 NEWS 17

QUICKLY
Water woes Village women collect water from
a roadside tap on the outskirts Ajmer in
Rajasthan on Wednesday. The state is facing
severe water scarcity PTI
St Angelos VNCT’s new project
Chennai, May 10
St Angelos VNCT Ventures has launched The
White Villas project at Oragadam, near
Chennai, recently. The project, developed over
10 acres, will have 300 houses with a two-acre
park, amphitheatre, play area and other sport
facilities. Geetha Nagu, Founder and Promoter,
St Angelos VNCT Ventures, said the villas have
three bedroom houses and are priced
between ₹39 lakh and ₹49 lakh for 975 sq ft
and 1225 sq ft respectively. OUR BUREAU
Cholera outbreak in Odisha
Berhampur, May 10
After Jagannath Prasad block, cholera has now
been detected in Kabisurya Nagar town of
Odisha’s Ganjam district. Out of 11 stool
samples tested at the microbiology
department of MKCG Medical College, two
have tested positive of cholera, said Additional
District Medical Officer (Public Health), R
Jagadees Patnaik today. While one cholera case
was detected from Kabisurya Nagar town, the
other was from nearby Baliasara. PTI
TN to open more fodder depots
Chennai, May 10
The Tamil Nadu government today told the
Madras High Court that officials have been
asked to open additional fodder depots in
areas facing acute scarcity of animal feeds. The
government made this submission to the court
in its status report filed by the Department of
Animal Husbandry and Veterinary Services in
reply to a petition seeking direction to the
government to provide for sufficient fodder
and water free of cost. PTI
Haryana to set up pack houses
Chandigarh, May 10
The Haryana government will set up 140
consolidated pack houses across the state for
packing, storage, processing and marketing of
vegetable and horticultural products on
commercial and industrial level. The venture
will be under the ₹510-crore horticultural
village project. PTI
Assocham poised to double
number of overseas offices
New offices to act as
information centres
for foreign investors
KR SRIVATS
New Delhi, May 10
Industry body Assocham plans
to double the number of its in-
ternational oices from 25 to 50
over the next few years, its Pres-
ident Sandeep Jajodia has said.
The new international oices
will help facilitate foreign invest-
ments in India and act as inform-
ation centres for foreign
investors, Jajodia told Business-
Line in an interview here.
India has seen a significant in-
crease in foreign direct invest-
ment (FDI) inflows in recent
times. It is estimated that the FDI
inflows in the current year will
be about $50-60 billion.
Domestic plans
Jajodia said Assocham also wants
to expand its network of oices
Decision on GST rates for
commodities on May 18
OUR BUREAU
Bengaluru, May 10
The Goods and Services Tax (GST)
Council will decide on applic-
able tax rates for commodities
on May 18, said M Vinod Kumar,
Chief Commissioner of Central
Excise here.
Addressing a workshop on
GST, organised by the Bangalore
Chamber of Industry and Com-
merce (BCIC), Kumar said, “In all
probability, we will freeze the al-
location of commodities into the
agreed tax rates under the GST,
which is widely expected to be
rolled out post July 2017.”
Commodities allocation
“While tax bands have been de-
clared, the commodities alloca-
tion will be completed shortly.
However, the declaration of the
commodity-wise allocation will
be done closer to the rollout
date,” he said.
He said the “general expecta-
tion is that rates are likely to be
in the country to have a pan-In-
dia presence. “We want to have
an all-India presence in terms of
own oices. We have 9 regional
oices now,” he said.
Jajodia said that Modi-led gov-
ernment’s policy initiatives have
created optimism on economic
growth prospects and led to a
good investment climate.
“I am very bullish about our
economy and we are set to take
of and create a new India. In
three years (since Modi govern-
ment came to power), we have
reached the end of the runway
and are poised to take of,” Ja-
jodia said.
Skilling efforts
On the skilling eforts under-
taken in the country, Jajodia said
he had never seen the private
sector align with the govern-
ment to this extent in the past.
However, he said the optimism
created in various sectors has
not fully translated into actual
demand.
fixed as close to the existing ag-
gregate incidence of tax for
goods and services. There will
also be a cess on sin goods and
services which will be imposed
on the small set of identified
commodities.”
Trial run initiated
On the preparedness of GST net-
work, Kumar said beginning
May 1, the government has initi-
ated the GSTN trial run. He said
“a few thousand GSTN trial runs
have already begun and that is
the reason why the registration
for the GSTN system has been put
on hold for a short period.”
Kumar said “If GSTN is not in
place and adequately tested,
smooth integration of the GST
law may be very diicult. Sub-
stantial migration and integra-
tion work has already been
completed.”
Kumar added that with the in-
troduction of the GST, the in-
dustry would benefit immensely.
Sandeep Jajodia
“However, we are on the right
path and direction. We are the
youngest nation in the world. It’s
time for India to create large
global companies. The initiative
of Start-up India and Digital In-
dia is going to be the right plat-
form,” he said.
Bad loan clean-up
Jajodia also expects private in-
vestments to make a comeback
in 6-12 months, post the bad loan
clean-up in banks.
“Post the clean-up of the bad
Nabard disbursements in Puducherry,
TN may rise 30-45% this fiscal
OUR BUREAU
Chennai, May 10
The National Bank for Agricul-
ture and Rural Development
(Nabard) expects its total dis-
bursements to grow by 30-45 per
cent in Tamil Nadu and Puduch-
erry during the current fiscal.
“We want to increase our dis-
bursements to the level of
₹18,000-20,000 crore during
this fiscal against ₹13,792 crore
last year,” S Nagoor Ali Jinnah,
Chief General Manager of the
bank, said here.
Refinancing to RRBs
Such significant increase in dis-
bursements is expected mainly
due to projected jump in refin-
ancing to RRBs (regional rural
banks) and co-operative banks
in the state and increase in infra-
structure funding for some PSU
units such as the Civil Supplies
Corporation and Tangedco.
loans in the banking system, it
may take 6-12 months before any
visible, substantial growth in
credit oftake is seen,” Jajodia
said.
Public sector banks’ aggregate
credit growth has been muted
last fiscal at about 4 per cent. The
only sector where there has been
robust growth in credit has been
afordable housing.
Fear among bankers that their
decisions may be questioned by
investigation agencies and will
come under scanner will be ad-
dressed by the latest NPA ordin-
ance to some extent and the
proposed amendment to the Pre-
vention of Corruption Act, he
said.
On corporate governance, Ja-
jodia agreed that India Inc needs
to by and large improve gov-
ernance. “Over the years our
companies have grown in an un-
structured manner and people
have not invested in tools to aid
them to perfect their gov-
ernance issues,” he said.
Jinnah said the bank would
support projects that seek to ar-
rest agrarian distress and facilit-
ate doubling of farmers’ income
in the state. It will also focus on
supporting artisans and
weavers in the non-farm
category.
Core banking solutions
“Our core aim will be to facilitate
delivery of efective financial
services at afordable cost both
to our small and marginal farm-
ers and also to micro-credit self-
help group members,” said
Jinnah.
He said RRBs and co-operative
banks have been modernised
with core banking solutions and
other technology measures.
“They have started installing
ATMs too. They will also issue
about 3.5 lakh RuPay KCC cards,”
he added.
About ₹16 crore grant has
Consult us before signing
RCEP, Kerala tells Centre
PRESS TRUST OF INDIA
Thiruvananthapuram, May 10
The LDF government in Kerala
today wanted the Centre to con-
sult it before signing the Re-
gional Comprehensive
Economic Partnership (RCEP)
agreement, saying it would
have adverse impact on the ag-
riculture sector in the state.
Replying to a notice for an ad-
journment motion over the
agrarian crisis in the state As-
sembly, Agriculture Minister VS
Sunilkumar said the RCEP
agreement would result in the
import of cash crops, milk
products, rubber and tea
without duty.
“This is going to aggravate
the crisis already faced by the
farming sector due to the ad-
verse impact of previous treat-
ies such as WTO and ASEAN,” he
said.
Rubber Board head office
Referring to the reports on the
move to shift the Rubber Board
headquarters from Kerala, he
said the state government can-
not accept this at any cost. “Ker-
ala produces 90 per cent of the
X
W ernment related projects. Some
Jinnah said the bank would
support projects that seek
to arrest agrarian distress
and facilitate doubling of
farmers’ income in the
state. It will also focus on
supporting artisans and
weavers in the non-farm
category.
been provided to RRBs and co-
operative banks to compensate
for the cost that they may have
to incur for SMS and other di-
gital services. “They are now able
to deliver services on par with
other commercial banks,” said
Jinnah.
State govt projects
Of the total disbursements
planned, the bank is expected to
provide ₹6,000-7,000 crore
funding support to state-gov-
total rubber production in the
country,” the minister said.
Alleging that the Centre was
showing “step-motherly” atti-
tude towards the state on mat-
ters related to agriculture,
Sunilkumar said the state
would give a detailed letter to
the Centre explaining its posi-
tion on the issue.
Farmers in dire straits
On the Opposition charge that
the state government had
shown lukewarm response to
the problems faced by rubber
growers, he said a total of ₹704
crore had been released under
the ‘production incentive’
scheme in the last one year.
The leader of the Opposition
in the Assembly, Ramesh Chen-
nithala, said state farmers are
facing serious crisis and sought
immediate intervention of
both state and central govern-
ments. As an immediate relief,
he said, agriculture loans up to
₹ 2 lakh should be written of
and a permanent price stabil-
isation fund should be
launched for all agricultural
crops.
of the key projects that Nabard
will support include Kudimara-
mathu project, which will seek
to rejuvenate system irrigation
tanks, TWAD Board drinking wa-
ter projects, watershed pro-
grammes, dryland farming mis-
sion project for millets and
horticulture and improvement
of agriculture market system
through e-trading, APMC mod-
ernisation, warehousing infra-
structure and integration with
quality assessment system.
In 2016-17, Nabard’s total dis-
bursements stood at ₹ 13,792
crore in Tamil Nadu and Pu-
ducherry. Of the total amount,
₹4,451 crore was provided as
long-term refinance to banks,
₹3,723 crore as production
credit to RRBs and co-operative
banks and ₹1,850 crore for infra-
structure support to the state
government.

DLF Cybercity third phase Border trade

to be ready by next year
OUR BUREAU
Chennai, May 10
In the last ten years, tenants
of DLF Cybercity Chennai (IT-
SEZ) contributed exports
worth ₹42,000 crore, accord-
ing to Amit Grover, Director,
DLF Oices.
At present, around 65,000
employees are working on
the campus in two shifts. This
number will increase by
25,000 once the third phase
is completed by the third
quarter of 2018, he told news-
persons.
The first block of the third
phase is slated to be delivered
for client ‘fit outs’ by third
quarter 2017 and operations
will begin by the fourth
leased. The new block will
also commemorate one dec-
ade of successful operations
of DLF Cybercity, he said.
In third and final phase of
cybercity, a total of 1.6 million
sq ft is being constructed
with an investment of ₹500
crore. The third phase will
Amit Grover, Director, DLF Offices,
contribute ₹134 crore in earn-
at a press conference in Chennai
ings annually to DLF, he said.
on Wednesday BIJOY GHOSH
On market trends, Grover
quarter. Once the third phase said Indian oice IT SEZ space
is completed, the campus will is currently around 500 mil-
be the largest operational IT lion sq ft of grade ‘A’ space
project in Chennai with a and annually growing at 10
total area of 7.2 million sq ft. per cent of existing asset
base. Bangladeshi villagers cross the Gingiram river to buy and sell goods at Kalaichar Border Haat on the India-Bangladesh border
A decade of operations The total available market in Garo Hills, Meghalaya on Wednesday RITU RAJ KONWAR
Nearly 80 per cent of space in size is around 45 million sq ft
the first block has been per annum across India.

OYO launches GIFT IFSC signs pact

Study shows Delhi’s odd-even scheme
had little impact on air pollution
‘Marginal drop in While the levels of the toxic
particles came down by 8 to 10
toxic particles’ per cent in some pockets, the
rest of the capital recorded a
TV JAYAN drop of only 2 to 3 per cent.
New Delhi, May 10 The study was published on-
A vehicle rationing briefly in- line in the journal Environ-
troduced last year by the Delhi mental Science and Policy
government to cut down toxic early this week.
pollutants in the city air may “The reduction was
have had a negligible impact abysmally small,” said Sachida
on the levels of ultrafine par- Nand Tripathi, who heads the
ticulate matter, PM2.5, which is Centre for Environmental Sci-
linked to premature mortality, ence & Engineering at the In-
a scientific analysis has shown. dian Institute of Technology
(IIT) Kanpur, who led the study.
Minor reduction The PM2.5 levels in Delhi, par-
The scientists who studied the ticularly in winter months, are
first odd-even experiment, on average three times higher
which lasted 15 days from Janu- than 60 micrograms per cubic
ary 1, 2016, found that there metre which the World Health
was only a marginal drop in Organisation has declared as
the PM2.5 levels during the permissible limit.
period. A recent study by two of the
authors of the present paper –
IIT Delhi researchers Sour-
angsu Chowdhury and Sagnik
Dey – exposure to alarmingly
high levels of PM2.5 are respons-
ible for approximately 12,000
premature deaths in Delhi
every year.
Apex court fiats
The situation in the capital has
been so severe that the Su-
preme Court has been de-
manding stricter action from
both the state and Central gov-
ernments.
“This is the first-ever study
that scientifically analysed the
vehicle rationing scheme in
the capital,” said Dey, who is
with the Centre for Atmo-
spheric Sciences at IIT Delhi.
The scientists used data
gathered from satellite and
ground stations to simulate
two conditions – with odd-
even rule and without the rule.
They were surprised to see that
the diference between the
two was extremely small.
Multiple sources
“Restricting traic volume
alone cannot control the PM2.5
concentration over Delhi,
where there are multiple other
sources contributing towards
making the city’s air dirty,” the
scientists said.
“We are not talking about an
enclosed entity, but open at-
mosphere,” said Tripathi.
There have been studies in
the past that showed the con-
tribution of vehicles to the
PM2.5 levels is very small. The
share of private cars could be
even smaller, he said.
Townhouse
in Hyderabad
OUR BUREAU
Hyderabad, May 10
Hospitality company OYO
opened Townhouse to Hydera-
bad today, its first launch of
friendly neighbourhood hotel
outside Delhi NCR.
While this will be the fifth
hotel in the Townhouse portfo-
lio since it was launched in
January this year, it plans to ex-
pand the network to over 60
such Townhouse units in seven
cities in South India by the end
of 2017.
Townhouse combines exper-
ience and value and the rooms
will be priced at ₹2,500 and up-
wards.
Ritesh Agarwal, Founder &
CEO, OYO, said, “This is our first
Townhouse ofering outside
Delhi NCR and we are excited to
choose Hyderabad for our de-
but outside home turf. Our ei-
cient hospitality and multi-util-
ity concept fits perfectly into
this millennial lifestyle.”
with Gujarat law varsity
OUR BUREAU
Ahmedabad, May 10
India’s first International Fin-
ancial Services Centre (IFSC) at
Gujarat International Finance-
Tec City (GIFT) on Wednesday
entered into an agreement
with Gujarat National Law Uni-
versity (GNLU) to collaborate
on skill development in the
field of international financial
services and regulations.
GNLU will introduce a
course on International Finan-
cial Services Centre in its June
2017 semester. It will also or-
ganise a programme for law-
yers covering IFSC, interna-
tional arbitration and related
fields.
GIFT IFSC and GNLU will
work together on courses,
training and certificate
programmes.
Dipesh Shah, Head – IFSC
and Strategy, said, “IFSC being
a new concept in India, there’s
a pressing need to enhance un-
derstanding of various aspects
of IFSC, one of which is finan-
cial laws. Through this MoU,
we hope to help edify law pro-
fessionals on IFSC rules, arbit-
ration and regulations con-
cerning global financial
transactions. Our aim is to
reach out to all relevant stake-
holders in India and make
them proficient in this relat-
ively new field of financial
law.”
The MOU will also look into
developing and conducting
programs in financial markets
along with GIFT and other in-
stitutions based out of GIFT
IFSC.
Bimal Patel, Director, GNLU,
said, “We shall be the first uni-
versity in India to start a regu-
lar course on IFSC. This will
also provide hands-on interna-
tional experience in financial
law to our students and give
them a competitive edge in
placement.”

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 downloaded from : https://t.me/TheHindu_Zone downloaded from : https://t.me/pdf4exams CHENNAI

18 NEWS BusinessLine
THURSDAY • MAY 11 • 2017

POLL POURI
Ticket to reform
Should there be a cap on movie ticket prices?
Solar power tariff bid hits new Hidesign spreading its wings
SRAVANTHI CHALLAPALLI

low at Bhadla park in Rajasthan

Chennai, May 10

79% 19% 2% Leather goods maker Hidesign is

Yes No Can't say
TODAY’S POLL
New syllabus
Should sports be included as a subject
in schools?
Cast your vote at:
www.thehindubusinessline.com
QUICKLY
IIT Delhi to set up School of Design
New Delhi, May 10
The prestigious Indian Institute of
Technology (IIT) here, known for its
engineering courses, will soon set up a
School of Design for the ones high on
creative quotient. The proposal has already
been approved by the IIT Senate and is likely
to be placed before the Board of Governors
later this month. “Be it machines or gadgets,
what is inside is what engineers design. But
for instance, a phone, how should the case
be, how should it look like, where and how
the buttons should be, this is not something
a technocrat can work better upon and there
is a need for someone who specialises in
product design,” IIT Delhi Director V
Ramgopal Rao said. PTI
Drop in price due to latent demand to bag
projects and no hassle of land acquisition
V RISHI KUMAR
Hyderabad, May 10
The solar power tarif has hit a
new low of ₹2.62 per unit in the
auction for a 250-MW project in
Bhadla park in Rajasthan.
This is lower than the last low-
est bid of ₹3.15 per unit recor-
ded in a 250-MW solar park bid
ofered in the Kadapa solar park
in Andhra Pradesh by Solairedir-
ect of France.
According to information
available, Phelan Energy Group
of South Africa and Avaada
Power have bid for ₹2.62 per
unit (kilowatt hour) to bag man-
date to develop 50 MW and 100
MW, respectively, and SBG
Cleantech, a consortium of Soft-
bank Group, Airtel and Foxconn
ofering ₹2.63 per unit for 100
MW at Bhadla park in Rajasthan.
BusinessLine had recently re-
ported that the Bhadla park
bids could see the tarif ofer
breaching ₹3 per unit mark.
Power Minister Piyush Goyal
tweeted, “Another milestone to-
wards PM@narendramodi's vis-
ion of clean afordable power
for all: Bhadla solar park
achieves tarif of Rs 2.62 per
unit.”
This project has been awar-
ded based on reverse auction
where the Solar Energy Corpora-
tion of India had set a reserve
price of ₹3.01 per unit for 500
MW capacity being bid.
The tarif ofer has been stead-
ily coming down over the past
six to seven years but it has been
quite steep in the last 15-18
months.
While in November 2015, Sun
Edison had bid at ₹4.63 per unit
for 500 MW at Kurnool solar
park, this was down to ₹4.34 per
unit at NTPC Bhadla solar park
last year.
This low was again breached
This project has been awarded via the reverse auction method, where the
Solar Energy Corporation of India had set a reserve price of ₹3.01 per unit
for 500 MW capacity being bid AFP
at the Rewa solar park tender
with an ofer of ₹2.97 per unit in
Madhya Pradesh with the level-
ised tarif working at about
₹3.30 per unit.
According to sector watchers,
the drop in price of bids has
been mainly due to latent de-
mand to bag projects with as-
sured returns and no hassle of
land acquisition. This has been
well aided by steep drop in
prices of modules due to huge
capacity build up particularly in
China.
The Power Ministry proposal
to bundle some of the renew-
able energy plants with fossil
fuel plants could also be a major
game-changer for the sector.
expanding its business in Africa
by setting up a store in Nairobi,
Kenya, in July. It has had a store
in South Africa for many years
now. In its push into other emer-
ging markets, it is opening two
stores in Dubai in September.
The company’s Founder and
Chairperson Dilip Kapur told
BusinessLine that Hidesign
products are already sold in
parts of Africa through the Naku-
matt department store in Kenya,
Uganda, Tanzania and Rwanda.
Kenya will also have more of
Hidesign shops-in-shops, he ad-
ded.
The Kenya market is as big as
that of Karnataka or Maha-
rashtra. Hidesign expects to sell
1,000-1,200 bags a month there.
Emerging market plans
Hidesign is also eyeing Indone-
sia for expansion. “There is lots of
room for new brands in emer-
ging markets and in some ways,
we have an advantage over
European brands. We under-
stand these markets better than
they do,” Kapur said.
A new factory at Sikkim has
opened to cater to the growth in
Dilip Kapur
the export and domestic market.
The brand is present in the US,
the UK and a few European coun-
tries. In the US, its men’s
products account for 80 per cent
of the sales. The women’s seg-
ment is so competitive there that
no one notices smaller brands,
Kapur said.
In the emerging markets, sales
patterns are very similar to the
Indian market, where women’s
products account for 60 per
cent. Abroad, prices are double
that in India. Briefcases start at
$250, while women’s bags start
at $150.
Hidesign is a ₹170-crore com-
pany. This figure does not take
into account sales of its products
outside India.

Godrej Consumer CEO: not threatened

by new entrants in soaps, insecticides
PURVITA CHATTERJEE
Mumbai, May 10
Godrej Consumer Products
(GCPL) is banking on new in-
novations and enhanced dis-
tribution to beat competition
in categories such as soaps
and household insecticides.
Younger companies and
start-ups like Patanjali and
Global Consumer Products
have been posing a threat but
the FMCG player is still un-
deterred by their eforts to
make a mark in some of these
categories where it is a mar-
ket leader.
“It is still early days for Pa-
tanjali and even Nielsen does
not capture their data despite
the kind of claims it has
made on its soaps turnover of
₹574 crore. Our Godrej No. 1
has natural ingredients and
its focus will be on quality
and consumer franchise,’’
said Vivek Gambhir, CEO &
Managing Director, GCPL,
during the company’s Q4 res-
ults.
With its brands Godrej No. 1
and Cinthol, “soaps re-
gistered sales growth of 9 per
Vivek Gambhir, CEO & Managing Director, Godrej Consumer Products
cent despite price increases
and the withdrawal of con-
sumer ofers during the
quarter.
“There was excess stock of
soaps in consumer homes in
the past and now we find that
they are replenishing their
soap stocks. There is plenty of
opportunity to increase dis-
tribution and invest in mar-
keting for our soaps brands,’’
he added.
In household insecticides
where it has a soft quarter
with growth at 4 per cent,
there was competition from
new brands like DND from
start-ups like Global Con-
sumer Products (started by
GCPL’s erstwhile Managing
Director).
“We do not see competitive
intensity with the entry of
new brands like DND. We are
creating growth vectors and
are expanding the category.
This quarter, we entered the
personal repellent category
under Good Knight along
with Hit gel sticks at ₹30 and
are creating diferent price
points in the segment,’’ he
said.
Hair colour segment
Even in hair colours, where it
considers itself as the market
leader at the mass end, GCPL
recorded its highest exit
share with growth at 13 per
cent in quarter. “We in-
creased our market share
between 30 and 100 basis
points during the quarter in
both hair colours and house-
hold insecticides. In hair col-
ours, the bulk of the growth
has been driven by brands
like Expert Creme and even B
Blunt has shown strong
promise,” he said.
GCPL had picked up a 30
per cent stake in the salon
chain of Bblunt to gain entry
into the salon trade.
To improve its cash flows,
GCPL has decided to stay
away from making acquisi-
tions. “We do not expect any
big ticket acquisitions to hap-
pen and are not planning any
new brands,” he added.

Zydus’ US subsidiary Renault Duster without airbags

wins case on generic drug fails Global NCAP crash test
OUR BUREAU
Ahmedabad, May 10
Cadila Healthcare Ltd (Zy-
dus Cadila) on Wednesday
said the United States Court
of Appeals for the Federal
Circuit has airmed judg-
ment in favour of its US sub-
sidiary, Zydus Pharmaceutic-
als (USA) Inc, holding that
its proposed generic version
of Lialda (mesalamine) does
not infringe the relevant US
Patent.
Lialda is indicated for the
induction of remission of
active, mild to moderate ul-
cerative colitis and for the
maintenance of remission
of ulcerative colitis, a
chronic inflammatory
bowel disease that afects
approximately 700,000
people in the United States.
In a statement here, Zydus
Cadila Chairman and Man-
aging Director Pankaj R Pa-
tel welcomed the decision
as a “positive step” which
will help the company fur-
ther its mission of making
available high-quality, af-
fordable generic products
to its customers and their
patients.
Zydus was the first phar-
maceutical company to file
an Abbreviated New Drug
Application (ANDA) for a
generic version of Lialda
(mesalamine).
The Court of Appeals' de-
cision is a major step to-
ward Zydus providing a gen-
eric version of the drug
whose annual sales in 2016
were to the tune of $714 mil-
lion in the US.
PRESS TRUST OF INDIA
New Delhi, May 10
French car major Renault’s
popular SUV Duster sold in In-
dia has failed crash test con-
ducted on its base variant
without airbags by vehicle
safety group Global NCAP.
In the test, the model recor-
ded zero stars for adult occu-
pant protection, the UK-based
Global NCAP, an umbrella
body of consumer car safety
testing bodies, said in its
latest report.
The crash test showed that
due to the lack of airbags the
driver injuries would have
been unacceptably high. The
Duster also scored 2 stars for
rear seat child occupant
protection.
“It is troubling that during
the UN Road Safety Week we
yet again encounter a zero
star car in our crash testing in
India,” Global NCAP Secretary
General David Ward said.
When contacted, Renault
India said all its products
meet and exceed the requisite
safety standards set by the In-
dian regulatory authorities.
However, Ward said
Renault produces the Duster
in a number of markets and
yet it seems content to
provide a version for India
which falls so far short on
safety.
“The version of the Duster
with an airbag scores three
stars, but this too fell short as
it was fitted with a smaller
airbag. A model with a cor-
rectly sized airbag should be
provided as standard,” Ward
said.

Porsche group co, Invilogic team up to offer

engineering design automation solutions
Will focus on
manufacturing,
automotive sectors
OUR BUREAU
Hyderabad, May 10
Invilogic Software, ENIT In-
vilogic GmbH, and MHP, a
Porsche company in Ger-
many, have announced a
global tripartite partnership
to ofer engineering design
automation solutions.
Under the partnership,
these companies plan to
jointly develop and design
automation technologies
that cut down product devel-
opment costs and reduce
design time for automotive
and manufacturing indus-
tries worldwide.
Michael Kirchgässner,
Head of R&D Transformation
of MHP, said: “We believe In-
vilogicdesign automation
capabilities both in India
and Germany will comple-
ment our growth and cus-
tomer consulting strategy
across markets and indus-
tries.”
Siddharth Durairajan,
CEO, Invilogic Software, said:
“With so much of complex-
ity, variety, time and cost
pressures on design depart-
ments, knowledge-based en-
gineering combined with ar-
tificial intelligence and
programming can can re-
duce 90 per cent of design
eforts and make ‘Engineer-
ing’ quite easy and fast.”
The partnership is seen to
facilitate Invilogic and MHP
customers through the in-
tegrated design automation
seamlessly integrated into
CAD (computer aided
design), PLM (product life-
cycle management) and En-
terprise IT tools.
Interacting with reporters,
Invilogic announced plans
to expand operations in In-
dia and Germany and invest
about $2 million over next 24
months and increase the
workforce from 40 to 120
within 12 months.
Invilogic Software inves-
ted $1.5 million for its
product development in In-
dia over the last 36 months
and expects to continue to
invest in growing its soft-
ware services research and
development capabilities in
Hyderabad, Bengaluru, Pune
and in Germany. Currently,
the company has a portfolio
of 38 products and aims to
add 10 more in the next two
years.
MHP, with 13 oices in six
countries, provides consult-
ing services and support to
over 300 companies.
Bringing together MHP’s
product and design develop-
ment programmes, IT and
software capability of Invilo-
gic, the intelligent tools and
analytical information cut
the product development
cycle as also costs associated
with it. Together, they expect
to work on a number of pro-
jects in Europe and for com-
panies based in India.

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