Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand

Safety norms and higher taxes have "added substantially" to the cost of cars, affecting their affordability, Bhargava told shareholders at the company's annual general meeting.

With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, Reuters reported on Saturday.

The company is on track to meet the country's new emission norms, adding that the company will move towards manufacturing compressed natural gas (CNG) and hybrid cars.

Maruti plans to increase CNG vehicles by 50% this year, Bhargava said.

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OYO Hotels and Homes on Monday held the first meeting of its Partner Advisory Council here which discussed on evolving the relationship between OYO and its asset owners

"In the first meeting of the Partner Advisory Council held in Delhi, members stressed on the need to continually evolve the relationship between OYO and its asset owners and how the council would act as a crucial forum for discussion on relevant matters and programmes for asset owner advancement," a statement from the company said.

The meeting established the broad objectives of the council, chiefly, advising OYO on working with its asset owners for both the growth of their business and for jointly realising the potential of the hospitality industry in India.

Aditya Ghosh, CEO of OYO India & South Asia said: "By identifying key areas of improvement and closing plan of actions quickly for activities such as provisioning dedicated hotel management resources, improving brand awareness for mid-market brands and investing in quality checks aggressively, a lot of progress has been made already and we will look to share updates as well as highlight areas for further improvement in our next meeting in September."

The 'Partner Advisory Council' is part of the initiative 'OYO Partner Engagement Network' (OPEN). 

Under OPEN, OYO has launched a slew of initiatives including a dedicated microsite, Co-OYO app for asset owners, 'Cash in Bank' business advances and a pan-India Partner Privilege Programme to reward and recognise top-performing hotel owners, the statement said.

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Nifty could move to the immediate resistance level of 11,200 levels, and any close above 11,200 levels would result in further short covering which might push Nifty to levels around 11,400-11,500

Nifty50 surged 229 points on August 26 to post its highest absolute gains since May 20. It closed at 11,058 levels. The move was largely on the back of a series of measures announced by the finance minister on August 23 to build the confidence of the capital markets and the auto industry.

By closing at 11,058 levels on August 26, the Nifty50 conquered its 20-days EMA hurdle for the first time after the budget day. The Nifty50 was facing resistance around its 20 days exponential moving average and reversed south the moment it touched since the breakdown seen on the budget day.

Moreover, on August 23, the Nifty has formed bullish “Piercing line” candlestick pattern on the daily charts. This pattern usually indicates a trend reversal.

The Relative Strength Index (RSI) Oscillator has also formed positive divergence on the daily chart of Nifty and Bank Nifty. In the derivatives, we have seen the first sign of long build-up in the Nifty Futures on August 26.

Amongst the Options, we have seen Put writing at 10,800-11,000 strike prices, indicating strong support around these levels for the coming days.

Unless Nifty closes below it, the trend would be considered bullish for the markets. On the upside, the 11,200 level is likely to act as an immediate resistance where Calls have been written.

This level also coincides with the 200-day SMA which is placed at 11,196 levels. The Nifty Midcap and Smallcap indices also participated in the rally where they gained by 1.58 percent and 2.34 percent respectively.

The Advance decline ratio remained positive for the last two days which is a positive sign. Considering the above indicators, we believe that Midcap/Smallcaps have formed a bottom, and we may see a sharp bounce back from here on.

To conclude, the short-term trend for the Nifty has turned bullish. Therefore, our advice would be to accumulate longs in the Nifty with the stop loss placed below 10,800 levels.

On the higher side, the Nifty could move to the immediate resistance level of 11,200 levels, and any close above 11,200 levels would result in further short covering which might push Nifty to levels around 11,400-11,500.

In the Bank Nifty, one should accumulate long positions with the stop loss of 27,500 levels. On the higher side, the immediate resistance is seen around 28,500 levels, followed by 28,870.

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Budget carrier IndiGo will restart flight services between Delhi and Singapore from September

Effective from September 12 and September 16, IndiGo will operate its non-stop flights on Delhi-Singapore and second frequency on Delhi-Doha route, respectively. 

"We are committed to strengthening our international operations from Delhi to important destinations in Asia," said IndiGo's Chief Commercial Officer William Boulter. 

"As part of this expansion, we are introducing new flight services between Delhi-Singapore and second frequency on Delhi-Doha route. Singapore today is not only a tourist hub but also a shopper's paradise and there is a huge demand on the route."

At present, IndiGo has a fleet of over 200 aircraft and offers over 1,400 daily flights and connects 57 domestic destinations and 19 international destinations.

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After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. InterGlobe Aviation runs IndiGo, the country’s largest airline by market share

Unfortunately, that hasn’t played out. Paarth Gala, associate (institutional research) at Prabhudas Lilladher Pvt. Ltd said SpiceJet’s yield for the June quarter increased by just 2% year-on-year. Broadly, this is a tad below Street expectations. As such, Gala was expecting it to increase by 3%.

“The airline’s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior B737 MAX aircraft," highlighted the management in the investor presentation.

This limited the airline’s ability to take its yields up, owing to passenger disruptions and re-accommodation; while simultaneously increasing its fixed costs on this category of aircraft, added the company.

Even so, SpiceJet clocked a handsome 35% increase in operating revenues, helped by capacity expansion. A combination of robust revenue growth and 3% decline in fuel CASK (cost per available seat km, a unit measurement for airlines) helped the company clock 88% growth in its Ebitdar. Ebitdar is earnings before interest, taxes, depreciation, amortization and lease rentals, which is a key measure of profitability for airlines.

At the net level, SpiceJet reported a net profit of about 262 crores, far ahead of the Street estimate of 137.5 crores. One of the primary reasons for this steep jump in profitability, versus expectations, is the sharp growth in other income. That’s because SpiceJet has recognized aircraft and supplemental lease rentals worth 114 crores, incurred during the quarter relating to the 737 MAX aircraft, as other income.

As such “adjusted profit of 140 crores is broadly in line with our estimates," said SBICAP Securities Ltd’s analysts in a note.

SpiceJet added 32 aircraft during the quarter, taking its total fleet count to 107 as on 30 June 2019. The company had expected its grounded 737 Max aircraft to resume normal operations by July-August. However, the uncertainty around the resumption of services still persists.

The company’s shares have outperformed the BSE 500 index considerably so far in FY20. “Sector consolidation is an opportunity for SpiceJet to recoup lost market share, but the ability to profitably deploy the massive increase in capacity will be the key to the stock’s performance," said SBICAP analysts in a report on 15 July.

Here, substantial delays in resuming the 737 Max operations could hurt capacity growth. Yields are paramount as well. Unfortunately, considering that the current quarter is seasonally weak, the scope for expansion in SpiceJet’s yields appears limited.

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Reliance Jio has added 44 million active subscribers over the past six months, while Bharti Airtel and Vodafone Idea have lost 20 million and 68 million clients, respectively, most likely due to the introduction of minimum recharge plans, said a report from broking firm CLSA.

While Jio leads with 52 per cent share among 3G/4G users, Bharti's share has been stable at 23 per cent. But Bharti's incremental market share in 3G/4G additions during January-June has been much higher at 38 per cent. 

The Insurance Regulatory and Development Authority (IRDA) of India had reported that in June, mobile subscriber base increased by 4 million to 1,165 million, yet the active subscriber base declined by 6 million to 984 million. 

According to the CLSA report, over the past year, Jio gained 10 ppt active subscriber market share to 28 per cent. While Vodafone Idea lost 8 ppt to 33 per cent, Bharti has lost a mere 2 ppt to 32 per cent.

However, the divergence between active and reported subscribers remains high for both Jio and Vodafone Idea at 16 per cent against 1 per cent for Bharti Airtel.

With bundled (voice+data) plan tariffs 35 per cent higher than the blended average revenue per user (ARPU) and twice of voice ARPU, the adoption of bundled plans will drive ARPU recovery. 

"With India mobile phone mart headed to a 2-3 player market and a recovery in sector revenues, driven by stability in tariffs and rising data adoption, we remain positive on Jio and Bharti Airtel has given strong market-share defence and inevitable turn in revenues," CLSA said.

However, Vodafone Idea's out-of-control gearing also remains a key concern, CLSA said.

The report says the 3G/4G penetration is at 50 per cent and Vodafone Idea is lagging on this. In June, the sector added 13 million 3G/4G clients, taking the subscriber base to 576 million. 3G/4G subscribers now form 49 per cent of the reported mobile subscriber base.

The report also dwells on the low mobile number portability (MNP) requests, yet a decline in active subscribers irony.

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The Enforcement Directorate charge sheet against IL&FS and the cabal which ran it gives the full scope and extent of the malfeasance and all-pervasive rot. Pertinently, it refers to the closed user group individually and by name and provides details on their conduct 

The conclusion is that it was pretty much a circus with Ravi Parthasarthy as the ringmaster or even King as the rest of the crew played courtiers.

In what used to be a virtual command performance more or less every day, the courtiers used to play to the gallery and try and please the Emperor. The ED applying PMLA has indicted each and every member of the claque for contravention of the Money Laundering Act. 

The scathing denouement of the modus operandi states The accused named in connivance and collusion with each other, indulged in initially locating and identifying dubious companies which claimed to have been engaged in infrastructure development and later issuing fictitious purchase orders for non-existent works. The forte of such companies lays only in providing accommodation entries in the form of bogus billing including bogus share capital and advancing unsecured loans to the beneficiary in lieu of commission or kickbacks. 

The via media was the use of bogus entities being awarded bogus contracts and thereafter invoices were raised by those companies, layering was done through accounts and cash was taken and handed back. 

This was a common thread in the work orders issued to these bogus companies, as nearly all the work orders were issued to either resettle the shopkeepers or for road repairs or possibly road widening and the accused collectively siphoned off Rs 7,400 crore.

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Shares of Mahanagar Gas rallied nearly 12 percent intraday on August 20 after a foreign promoter offloaded its entire stake in the company

British Gas sold 98 lakh shares in the natural gas distribution company through block deals on the National Stock Exchange.

BG Asia Pacific Holdings Pte Limited, a wholly=owned subsidiary of Shell, held 10 percent stake (representing 98,77,780 shares) in the company, as per June shareholding pattern available on exchanges.

The stocks traded with volumes of 3,75,145 shares, compared to its five-day average of 72,457 shares on the NSE and on the BSE, it traded volumes of 52,56,774 shares, compared to its five-day average of 12,33,989 shares.

In April this year, BG Asia had reduced its stake in Mahanagar Gas from 32.5 percent to 24 percent. State-owned entity GAIL India, the Indian promoter, held 32.50 percent stake in the company.

"This could be a good opportunity to accumulate the stock as valuations are attractive in the context of 6 percent free cash flow yield and 10 percent FY19-22 earnings CAGR," said Jefferies, which expects margins to expand to Rs 9/scm in FY20-22 from Rs 8.20/scm in FY19.

The brokerage has maintained buy call on the stock.

Mahanagar Gas reported 33 percent year-on-year growth in June quarter net profit at Rs 170.24 crore and its revenue grew 23 percent to Rs 831.2 crore compared to year-ago.

While reiterating buy call on the stock after earnings, Prabhudas Lilladher said strong Q1 was led by margin expansion, but high base effect and 12 percent decline in CNG volumes to state buses due to scrappage of old buses impacted volume.

The brokerage maintained its earnings estimate for FY20/21E. "MGL remains a play on increased gas penetration from rising vehicle and PNG penetration. We continue to like MGL's business given their dominating share in the growing markets of Mumbai and suburbs," it said.

For Q1, CNG and PNG volumes were at 270mscm (up 2 percent YoY) and 73mscm (up 7 percent YoY), respectively. High base effect (CNG and PNG growth of 12.6 percent and 10.1 percent) also dimmed Q1 volume traction.

"Going forward, CNG volume is likely to remain healthy on the back addition of new three-wheelers along with geographical expansion to Raigad and Karjat. Also, the government's push for PNG's domestic connections will support volumes," Prabhudas Lilladher said.

The stock was quoting at Rs 848.90, up to Rs 61.90, or 7.87 percent amid high volumes on the BSE at 1013 hours IST.

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"The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement.                                                                                                                                                  

Realty portal NoBroker.com has raised USD 51 million from investors, including General Atlantic, for business expansion. This is the Series C Funding.

NoBroker has raised USD 71 million so far.

"The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement.

NoBroker.com is a tech-based, brokerage-free real estate platform that makes real estate transactions seamless and efficient.

It also provides other services starting from house search to packers and movers, home loans, cleaning services etc.

More than 25 lakh properties are already registered on NoBroker and over 60 lakh individuals have used the portal's services.

"We plan to use this capital to further innovate and strengthen our ML/AI to make the transactions seamless and quicker," Akhil Gupta, CTO and co-founder of NoBroker.com, said.

NoBroker currently operates an end-to-end transaction model in five cities -- Mumbai, Bengaluru, Pune, Chennai and Gurgaon.

"This current funding round will support us in our plans to expand our operations. We will also invest in our home store and financial services products," Amit Kumar, CEO and co-founder of NoBroker.com, said.

Saurabh Garg, CBO and co-founder of the portal, said, "This funding comes at a time when we are already seeing huge traction.

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Libya's National Oil Corp said on February 8 its largest oilfield, which has been out of action since December, would remain offline until security was restored.

Oil futures edged higher on February 8  but ended the week with a loss on renewed concerns about slowing global demand and after the dollar posted its best week in six months.

The market was relatively quiet on February 8, with volume of 575,000 contracts, short of the 200-day average of 597,000 daily contracts traded.

US West Texas Intermediate crude futures strengthened 8 cents to settle at $52.72 a barrel but recorded a weekly slump of more than 4 percent, their steepest this year.

Brent crude futures gained 39 cents to settle at $62.02. On the week, Brent dipped more than 1 percent. The dollar gained 1.1 percent against a basket of currencies, its best performance since August, hurting oil, which is priced in dollars and becomes more expensive for non-US buyers when the dollar's value rises.

The market was supported modestly on Friday by news that the United States and China may still be able to meet a March 1 deadline to resolve specific issues in their trade dispute.

The White House said on February 8 that Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin would travel to Beijing for principal-level meetings next week, easing concerns that the deadline would be missed and result in higher tariffs on goods.

"The US-China (dispute) was the overarching factor, but then it was supported by some of the poor economic data all week that we got out of Europe," said John Kilduff, a partner at Again Capital Management in New York. "It's showing that there's a global economic slowdown under way."

The European Commission on February 7 sharply cut its forecasts for euro zone economic growth due to global trade tensions and an array of domestic challenges.

Separately, US lawmakers advanced a bill known as the No Oil Producing and Exporting Cartels Act, or NOPEC, in the US House of Representatives, which stands a better chance of being signed than in years past. The bill could target OPEC producers for anti-trust behaviour.

The oil industry is opposed to the bill, but US President Donald Trump has voiced support in the past for such legislation. A senior administration official on February 8 said the United States does not "support market-distorting behaviour, including cartels."

Libya's National Oil Corp said on February 8 its largest oilfield, which has been out of action since December, would remain offline until security was restored.

US energy firms this week increased the number of oil rigs operating for the second time in three weeks, General Electric Co's Baker Hughes energy services firm said in its report on February 8.

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आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज बुधवार के कारोबार में इन्फोसिस (Infosys) में खरीदारी और कोलगेट पामोलिव (Colgate Palmolive) में बिकवाली की सलाह दी है।

- इन्फोसिस (1,356) जुलाई फ्यूचर को 1362.00-1364.00 रुपये के बीच खरीदें

- पहला लक्ष्य 1371.6 रुपये, दूसरा लक्ष्य 1384.4 रुपये

- घाटा काटने का स्तर (स्टॉप लॉस) 1354.4 रुपये

- कोलगेट पामोलिव (1,161) जुलाई फ्यूचर को 1149.00-1150.00 रुपये के बीच बेचें

- पहला लक्ष्य : 1141.4 रुपये, दूसरा लक्ष्य 1,128.6 रुपये

- घाटा काटने का स्तर : 1,158.6 रुपये

ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है।

स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं।

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Shitij Gandhi of SMC Global Securities said the Nifty can move towards 10,800-10,820 levels this week as the market undertone remains bullish.

After a muted June expiry, the Nifty is again seen trading in the 10,600-10,700 band. Derivatives data shows that at current levels there is still a lot of outstanding Nifty short positions as well as index calls, which indicates another round of short covering going forward.

The Nifty can move towards 10,800-10,820 levels this week as the market undertone remains bullish. This scenario is likely to continue as the index has multiple strong supports at 10,650 and 10,600 levels.

Currently, the index is moving higher with a decent addition in open interest (OI), which indicates strength in the current trend. Option writers were seen active in the recent rally given the put writing in 10,700 and 10,600 strikes along with call unwinding.

Among Nifty call options, the 11,000 strike has the highest OI of more than 35 lakh shares. In put options, 10,600 strike holds the maximum OI with over 50 lakh shares.

On the technical front, 10,600-10,580 spot levels have a strong support zone and the current trend is likely to continue towards 10,800-10,820 levels.

Here is a list of top 3 stocks that could return 11-15% in the short term:

Seamec Limited: Buy| Target: Rs 307| Stop Loss: Rs 249| Return 13% 

The stock has been maintaining its bull run and trading high since the beginning of the year with the formation of higher highs and higher bottom pattern on the daily as well as weekly charts. 

However, from the last five weeks, the consolidation in prices has held the stock to trade in the range of Rs 240-275 levels which led to the formation of rectangle pattern which is generally traded as a continuation pattern. 

The positive divergence on the secondary indicators like RSI and Stochastic which are pointing towards the next up move in prices moving forward. 

Traders can accumulate the stock in a range of Rs 270-275 for the target of Rs 307 and a stop loss below Rs 249. 

Berger Paints (I) Limited: Buy| Target: Rs 315| Stop Loss: Rs 265| Return 11% 

In the recent weeks, the stock witnessed a fresh breakout above Rs 290 levels and tested Rs 305 levels thereon amid follow up buying. 

However, since then profit booking at higher levels has once again pulled the prices towards its 100-days exponential moving average on daily charts with the formation of lower highs and lower lows. 

This week we have witnessed a fresh breakout in prices above the falling trend line of the sloping channel along with marginally higher volumes. Traders can accumulate the stock in a range of Rs 283-287 for the upside target of Rs 315 and a stop loss below Rs 265. 

Jyothy Laboratories Limited: Buy| Target: Rs 271| Stop Loss: Rs 215| Return 15% 

After giving a consolidation breakout above Rs 210 levels in the recent past, the stock is seen trading in a rising channel with the formation of higher highs and higher lows on a daily interval. 

The prices are also maintaining well above its short and long-term moving averages along with consistent buying at lower levels. 

Additionally, on the weekly charts, the stock has given breakout above the ascending triangle pattern which is generally considered bullish when found in an uptrend. 

Traders can accumulate the stock in a range of Rs 235-240 for the upside target of Rs 271 levels with a stop loss below Rs 215. Disclaimer: The author is Senior Research Analyst, SMC Global Securities Ltd. The views and investment tips expressed by investment experts on moneycontrol.com are his own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

The Indian rupee opened lower by 9 paise at 68.89 per dollar on Tuesday.

Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

This is the level last seen on August 28, 2013.

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.

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बेस मेटल में थोड़ी शॉर्ट कवरिंग (जवाबी खरीद) हो सकती है।

चीन के केन्द्रीय बैंक ने कहा है कि वह कुछ बैंको की नकदी में कमी करेगा। चीन के केन्द्रीय बैंक द्वारा कुछ बैंकों की नकदी में कमी किये जाने के बाद लंदन में तांबें की कीमतों के तीन हफ्ते से अधिक के निचले स्तर पर पहुँचने के बाद आज थोड़ी रिकवरी देखी जा रही है। तांबे की कीमतों में 452 रुपये के स्तर पर सहारे के साथ 460 रुपये तक रिकवरी हो सकती है। अमेरिकी कमोडिटी वायदा कारोबार आयोग के अनुसार 19 जून को समाप्त हफ्ते में हेज फंडों और मनी मैनेजरों ने तांबे के वायदा और ऑप्शंस कॉन्ट्रैक्ट में कुल लांग पोजिशन में कमी की है। जिंक की कीमतों को 200 रुपये के स्तर पर सहारा और 205 रुपये के स्तर पर बाधा रहने की संभावना है। लेड की कीमतों को 160 रुपये के स्तर पर सहारा और 165 रुपये के स्तर पर बाधा रहने की संभावना है। निकल की कीमतों में तेजी का रुझान रहने की संभावना है और कीमतों को 1,020 पर सहारा रहने की संभावना के बीच 1,050 रुपये तक बढ़त हो सकती है। एल्युमीनियम में थोड़ी शॉर्ट कवरिंग (जवाबी खरीद) होने की संभावना है और कीमतों को 147 रुपये के स्तर पर सहारा और 150 रुपये के स्तर पर बाधा रहने की संभावना है। 

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Indian shares fell for a second straight session on Tuesday, as fears of a global trade war intensified after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion worth of Chinese goods.

The broader NSE Nifty ended 0.83 percent lower at 10,710.45, while the benchmark BSE Sensex closed 0.74 percent lower at 35,286.74.

ICICI Bank Ltd edged lower after the country's third largest lender said Chief Executive Officer Chanda Kochhar would go on leave until the completion of a probe over an alleged conflict of interest.

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भारत की सबसे बड़ी आईटी कंपनी टीसीएस एक बार फिर शेयर बॉयबैक का ऐलान कर सकती है।

भारत की सबसे बड़ी आईटी कंपनी टीसीएस एक बार फिर शेयर बॉयबैक का ऐलान कर सकती है। फिलहाल इस प्रपोजल पर 15 जून को होने वाली बोर्ड मीटिंग में विचार किया जाएगा। टीसीएस ने इस बारे में स्टॉक एक्सचेंज बीएसई को दी गई फाइलिंग में जानकारी दी है। हालांकि टीसीएस ने इस बारे में विस्तार से कोई जानकारी नहीं दी है। 

बता दें कि पिछले साल फरवरी में टीसीएस बोर्ड ने शेयर बॉयबैक को मंजूरी दी थी। तब कंपनी ने 5.61 करोड़ शेयरों को 16000 करोड़ रुपए में वापस खरीदने का ऐलान किया था। बायबैक शेयरों का आकार कंपनी के पेड अप पूंजी का 2.85 फीसदी था और यह 2850 रुपए प्रति शेयर की दर से बायबैक किया गया था। 

शेयर में दिखी तेजी

कंपनी द्वारा शेयर बॉयबैक के प्रपोजल की जानकारी दिए जाने के बाद से कंपनी के शेयरों में तेजी दिख रही है। बुधवार के कारोबार में टीसीएस का शेयर 2 फीसदी से ज्यादा तेजी के साथ 1830 रुपए के भाव पर पहुंच गया। कंपनी का शेयर मंगलवार को 1781 रुपए के भाव पर बंद हुआ था। वहीं, बुधवार को 1815 रुपए के भाव पर खुला। 1830 रुपए का भाव आज का हाई है, वहीं, 1800 रुपए का भाव आज का लो रहा है।

FY18 में शेयर होल्डर्स को 26800 करोड़ रु लौटाए

फाइनेंशियल ईयर 2018 में टीसीएस ने अपने शेयर होल्डर्स को डिविडेंड और बॉयबैक के जरिए 26800 करोड़ रुपए लौटाए थे। पूरे साल की बात करें तो टीसीएस का ऑपरेशंस ने नेटकैश 28610 करोड़ रुपए और फ्री कैश फ्लो 26360 करोड़ रुपए रहा था। बता दें कि शेयर बॉयबैक से कंपनी का अर्निंग प्रति शेयर इंप्रूव होता है, वहीं, सरप्लस कैश होने पर शेयर होल्डर्स को इसका फायदा दिया जाता है। पिछले साल टीसीएस की तरह कुठ और आईटी कंपनियों ने बॉयबैक को मंजूरी दी थी। 

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F&O cues: Nifty 11400 Call added 6.97 lakh shares in Open Interest and Nifty 11000 Put shed 5.47 lakh shares in Open Interest.

Nifty 11500 Call added 20.16 lakh shares in Open Interest on February 1

Nifty 11400 Call added 6.97 lakh shares in Open Interest

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Nifty 11000 Put shed 5.47 lakh shares in Open Interest

FIIs in F&O on February 1 (Provisional data from NSE)

FII net sell Rs 169 crore in Index Future

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FII net buy Rs 753 crore in Stock Future

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CCL Products' Q3 (Oct-Dec) net profit slipped 11 percent at Rs 40 crore and revenue was down 5 percent at Rs 274 crore.

Shares of Cummins India, CCL Products and Pricol down 5-8 percent on the back of poor December quarter numbers.

Cummins India reported 13 percent decline in its Q3 net profit at Rs 172 crore, while the revenue was flat at Rs 1,354 crore.

The operating profit (EBITDA) was down 13 percent at Rs 196 crore versus Rs 226 crore and margin was down 220 bps at 14.5 percent,

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The board of directors of the company has declared an interim dividend of Rs 5 per share for the financial year 2017-18.

CCL Products' Q3 (Oct-Dec) net profit slipped 11 percent at Rs 40 crore and revenue was down 5 percent at Rs 274 crore.

EBITDA was down 17 percent at Rs 64 crore and margin declined 330 bps at 23.4 percent.

Pricol registered 16 percent dip in its Q3 net profit at Rs 87 lakh, while revenue was up 7 percent at Rs 326 crore.

EBITDA of the company was down 5 percent at Rs 13 crore and margin was down at 4 percent

At 09:33 hrs Cummins India was quoting at Rs 841.65, down 7.02 percent, CCL Products India was quoting at Rs 283.05, down 3.92 percent and Pricol was quoting at Rs 101.75, down 3.37 percent on the BSE.

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Societe Generale bought 30,96,442 shares of Jain Irrigation Systems.

On February 1, 2018, Societe Generale bought 30,96,442 shares of Jain Irrigation Systems at Rs 135.01 on the NSE.

On Thursday, Jain Irrigation Systems was quoting at Rs 126.70, down Rs 13.25, or 9.47 percent on the NSE.

The share touched its 52-week high Rs 150.40 and 52-week low Rs 82.60 on 29 January 2018 and 24 May 2017, respectively.

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Currently, it is trading 15.76 percent below its 52-week high and 53.39 percent above its 52-week low.

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