TUESDAY ­ NOVEMBER 21 ­ 2023 DELHI

CM
YK
F2 . bl . news
Microsoft’s Nadella: Playing the
business game like a master batsman
MASTERSTROKE. In promptly scooping AI guru Sam Altman, he may have once again hit a six
Hari Viswanath
bl. research bureau
Satya Nadella’s fondness
for cricket is well known.
He has shared his views on
how playing cricket in his
school and college years
groomed him to be a good
team player and a manager.
He considers a bat signed
by Sachin Tendulkar as his
favourite personal proces­
sion. However, his cricket­
ing indulgences don’t just
end there!
In scooping up Sam Alt­
man and his close associate
and co­founder of OpenAI
Greg Brockman within
days (that too over an oth­
erwise inactive weekend
for businesses), he has dis­
played the class of a Sachin
Tendulkar straight drive.
However, for those who
have followed Satya
Nadella for nearly the last
10 years since he took over
as the CEO of Microsoft, in
early 2014, this would
come as no surprise.
LINKEDIN BUY
Nadella’s history as CEO is
loaded with instances of
striking when the iron is
hot. Consider this: For
years since its listing in
2011 till early 2016,
LinkedIn was the darling
amongst social media
stocks, outpacing Face­
book and others in terms of
annualised returns since
its IPO in 2011. However,
just a few hours of trading
on a single day in February
CELEBRATING NORTH-EAST
GRAND FINALE. Fireworks during the closing ceremony of Rising Sun Water Fest at Deepor Beel, Guwahati. The three­day
aquatic and cultural extravaganza not only showcased Assam’s rich cultural heritage but also honoured the valour
of the Indian Army, solidifying its place as a landmark celebration for North­East India PTI
Rising wages in Bangladesh may be
pay-off time for India’s garment exporters
TE Raja Simhan
Chennai
Will India’s garment ex­
ports see an uptick due to
labour issues in
Bangladesh, which has had
an edge over India in the
sector globally? Things
look bright but challenges
remain.
Bangladesh has built a
‘solid’ garment industry in
the last one decade. It has
an edge over India in the
global readymade gar­
ments market, which was
valued at around $1,110
billion in 2023.
India’s exports of
readymade garments
(RMG), including cotton
accessories, stood at $16
billion in FY23. In com­
parison, Bangladesh’s
RMG exports topped $47
billion, according to data
on the web.
David Birnbaum, Stra­
tegic Planner for the
Global Garment Export
Industry, says garment
units in Bangladesh are in
trouble as tens of thou­
sands of workers have
taken to the street seeking
higher wages. With a min­
imum wage of $75 per
month, workers there are
Microsoft Chief Executive Officer Satya Nadella REUTERS
2016 undid most of those
gains when the stock
crashed 40 per cent after
the company gave a weak
revenue outlook.
As the stock languished
for weeks, Satya Nadella
was quick to scoop the
company sensing the op­
portunity the crash had
provided, and the value and
potential that LinkedIn
held. And what an acquisi­
tion it was! Compared to
revenue of around $3 bil­
lion in 2015 (prior to Mi­
crosoft acquisition),
LinkedIn revenues were
around $15 billion in FY23,
more than justifying the
$26 billion that Microsoft
paid to acquire it.
There are many more ex­
amples, such as the pivot
that Microsoft made to
cloud business at the right
time, which now accounts
for a significant chunk of
its $2.75­ trillion market
cap; its acquisition of Git­
Hub, or picking Activision
Blizzard was opportunity­
grabbing as the shares of
WEAVING PROFITS. India’s FY23 readymade garment
exports, including cotton accessories, totalled $16 billion,
whereas Bangladesh’s exports surpassed $47 billion
demanding now minimum
wages of $208. However,
the industry has offered
$113 on a take­it­or­leave­
it­basis, he said.
“We are looking at an
existential problem.
Frankly, a rise to $113 is
not enough. Indeed, it is
still below wages in neigh­
bouring India and
Pakistan,” he said. India’s
wages in the garment sec­
tor is $168, while it is
$142 in Pakistan, he
added.
Bangladesh’s garment
industry is certainly in a
difficult situation, but so
also in Pakistan and Cam­
bodia and the other low­
cost exporters, he told
businessline.
the gaming and interactive
entertainment leader was
embroiled in controversies
and its shares had tanked.
BALM FOR BALLMER PAIN
Before Satya Nadella took
control, it had been torrid
for Microsoft investors.
The stock had languished
well below highs for
around 15 years after peak­
ing in 1999­2000. Contrary
to Satya Nadella, his prede­
cessor Steve Ballmer had a
track record of using Mi­
crosoft’s surplus cash for
reckless acquisitions that
appeared to more mollify
his ego rather than benefit
Microsoft in anyway.
For instance, under
Steve Ballmer, Microsoft
acquired advertising plat­
form aQuantive for $6 bil­
lion, which turned out to be
a dud and had to be written
off. So also the poorly
timed acquisition of Nokia
in 2013 when Apple/
iPhones and Asian manu­
facturers of Android
phones had taken full con­
Birnbaum said: “You
have special nets and and
facilities that customers
want and need. Develop
those. For instance, India
has great fashion and col­
our sense. You can pro­
duce great quality. You
can maintain design integ­
rity,” he said.
Demand for Indian gar­
ments may see an upswing
due to high labour costs in
Bangladesh, which is a ma­
jor competitor, said P
Sundararajan, CMD, SP
Apparels Ltd, based in
Avinashi (Coimbatore),
and a large garment
exporter.
Bangladesh is looking at
a wage hike of 35­40 per
cent. The high inflation
DELHI
businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023
trol of the market, leaving
little scope for legacy play­
ers like Nokia. With
Nokia’s acquisition, too,
Microsoft had to take a
huge $7.6­billion write
down. Ballmer also threw a
whopping $8.6 billion to
acquire Skype, which, too,
appears to have failed. The
lone good thing under
Steve Ballmer’s tenure was
his attempt to acquire Ya­
hoo for $44 billion in 2008,
fortunately failed.
For Satya Nadella, every
single large acquisition
has been a winner for Mi­
crosoft. This underscores
the fact that excess cash
without sound business
judgment is a bane.
Ballmer rued Microsoft’s
lack of leadership in the in­
ternet and mobile arena,
underpinning his poor
judgment while trying to
catch up.
On the contrary, Satya
Nadella appears to be
ahead of the curve in
identifying right oppor­
tunities at the right time.
Microsoft giving a stun­
ning 27 per cent CAGR re­
turns in the last 10 years
(versus 10 per cent returns
in S&P 500) reflects the
change he has wrought
about to one of the most
important companies in
the world.
By bringing Sam Altman
and team on board, he
might have given a huge
thrust to Microsoft in
maintaining a leadership
position in the AI Gold
Rush.
there could create an op­
portunity for India’s ap­
parel players. The situ­
ation in Bangladesh
presents a significant op­
portunity for India’s gar­
ment industry to capture a
larger share of the global
market, he told analysts
while discussing the com­
pany’s September quarter
financial results.
COMPETITIVENESS
N Chandran, Chairman of
Tiruppur­based Eastman
Exports, said, “there will
be no immediate benefits,
but we hold a positive out­
look for the long term. We
will have to monitor
events in Bangladesh, in­
cluding the consideration
of Bangladesh seeking
duty­free access to the
market.”
“Even after the recent
wage increase, if we ac­
count for the efficiency
and low attrition rate in
Bangladesh, it will con­
tinue to retain its compet­
itiveness. We can defin­
itely compete by focussing
on continuous improve­
ment in process and
products,” said Prabhu
Dhamodharan, Convenor,
Indian Texpreneurs Fed­
eration, Coimbatore.
F ND-NDE

In a coup, Satya ropes in Altman
to lead Microsoft’s new AI team
FAST FORWARD. Nadella’s agile move can give the tech giant the pole position in the AI race
Our Bureau
Mumbai
In what could be termed as the
defining moment of Satya
Nadella’s leadership at Mi­
crosoft, the India­born Chief
Executive Officer roped in
Sam Altman, Founder of
OpenAI, to lead the company’s
new Artificial Intelligence re­
search team. The development
comes just a few days after Alt­
man was dramatically ousted
from OpenAI, the company he
founded, sending shockwaves
through the tech industry.
Altman, who has placed
himself at the forefront of AI
developments with ChatGPT,
is expected to catapult Mi­
crosoft’s AI capabilities ahead
of rivals including Google.
GAME-CHANGER
Manish Maheshwari, Co­
Founder, Fanory.ai and former
Head of Twitter India, told
businessline: “The appoint­
ment of Sam Altman can
change the AI game where Mi­
crosoft emerges as the clear
leader. Just like how Google
dominated the mobility space
with Android, Microsoft now
has the opportunity to capital­
ise on AI.” Experts gave credit
CM
YK
SWIFT MOVE. Microsoft CEO Satya Nadella and maverick CEO
of OpenAI Sam Altman
to Nadella’s ability in dealing
with a crisis situation for get­
ting Altman on board not even
two days after he was forced to
quit OpenAI, a company in
which Microsoft had recently
invested.
“It’s a coup by Nadella. This
puts Microsoft at the top of the
AI game. It’s a win for Mi­
crosoft because it has not been
great with the in­house innov­
ation pipeline. But some of the
acquisitions, including
LinkedIn, GitHub and Mojang
Studios, have worked well for
the tech major. In this context,
getting Altman to lead the AI
developments can be a game
changing for Microsoft’s cap­
abilities to build its own AI en­
gine,” Lloyd Mathias, Angel
Investor and former Market­
ing Head, HP Asia, told
businessline.
“Satya acted like a start­up
— quick to pounce on an op­
portunity and executed it with
agility. He had placed a bet on
OpenAI with an overall invest­
ment of about $2­3 billion
which will probably be lost but
with key talent including Sam
Altman and Greg Brockman
joining Microsoft, Satya can
position the company to be­
come the leader in AI,” Ma­
heshwari added.
Perhaps, Nadella learnt his
lesson after exiting the phone
space by giving up on Nokia
too early. That was a crisis he
FRESH VISION.
Rajasthan has now become a model welfare
State, and I am proud that we have been able to
achieve that, says CM Ashok Gehlot p12
inherited and managed poorly.
Nadella recently admitted that
Microsoft’s exit from the mo­
bile phone business could have
been handled better. This time
he wants to make sure that Mi­
crosoft doesn’t get left behind
in the race for AI supremacy.
CHALLENGES AHEAD
Sam plus Satya could also lead
to a seismic shift in overall AI
developments. Microsoft tak­
ing leadership in AI will give
the developer ecosystem con­
fidence to accelerate their
work because until now there
was no certainty on the way
forward. OpenAI being a non­
profit could not give that lead­
ership. “The question among
the developer community was
— who do we follow? Now, Mi­
crosoft will set the global
standards in AI,” Maheshwari
said.
But Microsoft could also
face challenges. One of the is­
sues it could face is managing
the ambitions of a maverick
founder. Although Microsoft
has a better track record of ac­
quiring companies and grow­
ing them, many founders of
successful start­ups have had a
tough time working in large
legacy tech companies. The
other big hurdle could be in the
REPOSTS.
@sama is a once in a
generation CEO. He’s
an instigator whose
positive mark on the
world will be indelible,
and profound, in every
corner of the globe. It’s
an honor to work
alongside him wherever
he is.
Vinod Khosla (@vkhosla)
Khosla Ventures
Microsoft now has 49%
of OpenAI and Sam
Altman. This has to be a
new level of
domination. Satya
Nadella is playing chess!
Ayush Garg
(@01ayushgarg)
Co­founder, mindfry.in
form of regulators moving to
put guard­rails for AI.
Former Nokia India and
PepsiCo India chief Shiv
Shivkumar summed it up,
“This is today’s AI era. One
board loses trust in you and an­
other board trusts you enough
to make you an offer overnight.
Time will tell.”
Also read p12
DELHI
TUESDAY ­ NOVEMBER 21, 2023
₹10 • Pages 14 • Volume 2 • Number 321
RNI No. Applied
..............................................................................................................
Bengaluru ­ Chennai ­ Coimbatore ­ Hubballi ­ Hyderabad
Kochi ­ Kolkata ­ Madurai ­ Malappuram ­ Mangaluru
Mumbai ­ Noida ­ Thiruvananthapuram ­ Tiruchirapalli
Tirupati ­ Vijayawada ­ Visakhapatnam
LOSING FLAVOUR.
Prices of spices are likely to
cool from January, with the
arrivals of kharif crops p10
Golden harvest for first set of SGB
investors as metal turns pricier in 8 yrs
Suresh P Iyengar
Mumbai
Investors in the 2015 first
nounced RBI redemption
price. Investors would have
earned an interest of about
₹22,000. The first tranche of
prices, the RBI has limited SGB
issuances. They were down to
four last fiscal from 10 in FY22.
This fiscal, it has issued only
tranche of sovereign gold SGB matures on November 30. two SGBs at ₹5,923 and ₹5,926
bonds who have held them to Though the tenor is eight years, per gram.
maturity are set for a bonanza investors can opt for early re­ In FY23, four SGBs were
as prices of the precious metal demption after the fifth year priced in the range of ₹5,041
have more than doubled in the from the date of issuance, coin­ per gram in June 2022 to ₹5,611
last eight years. ciding with the interest pay­ in March 2023. In FY22, the 10
The first tranche of SGB was ment date. SGBs were priced between
issued by the RBI in November ₹4,777 (in May 2021) and
2015 at ₹2,684 per gram and the PRICE CALCULATION ₹5,109 (in March 2022).
redemption price will be an­ The RBI determines the SGB Gurmeet Singh Chawla, Dir­
nounced by the Reserve Bank redemption price by taking the ector, Master Capital Services,
of India in the next few days. simple average of the closing said the significant doubling of
Incidentally, last month, the prices of gold (.999 purity) pos­ gold’s value over the previous
RBI had set ₹6,079 per unit for ted by the India Bullion and octennial period is noteworthy
premature redemption of the Jewellers Association over the for investors holding on to
SGB. This price appreciation is three preceding business days their SGB investment till the
in addition to the annual in­ from the redemption date. end.
terest paid at the rate of 2.75 Gold prices on Monday fell While the bonds issued in
per cent. An investment of ₹1 marginally to ₹6,088 a gram 2015 bear an interest rate of
lakh made in the first tranche of from ₹6,117 on Friday, per the 2.75 per cent per annum, it was
the SGB will now fetch about Bullion Association. bought down subsequently to
₹2.26 lakh at the last an­ With the sharp rise in gold 2.5 per cent.
QUICKLY.
NO END TO WOES BID TO BEAT THE ODDS
Byju’s again misses the deadline to SEBI chief says ‘surprised at the level
clear dues of laid­off employees of retail interest in F&O despite losses’
Bengaluru: Edtech major Byju’s has again delayed Mumbai: SEBI chairperson Madhabi Puri Buch said
the full and final settlement of its laid­off on Monday she was surprised that so many
employees. The company is making payments in people continued to trade in F&O despite
a phased manner on a weekly basis and has knowing that the odds were not in their favour.
already settled the payments of those that were The regulator’s study earlier this year suggested
due in October, according to a source. However, that nine out of 10 individual traders in the equity
a few former employees said they would have to F&O segment incur net losses. On average, loss
resort to legal actions if the dues were not makers registered net trading loss close to
cleared. p2 ₹50,000 in FY22. p8
. . . . . . . . ND­NDE
2 . bl . news
DELHI

businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

QUICKLY.
L&T bags mega order in
Byju’s again misses deadline to Telangana scorecard: Spending
West Asia

clear dues of laid­off employees beyond means strains the fisc

New Delhi: Larsen and Tourbo
(L&T) on Monday said its
hydrocarbon business has
bagged a mega order from a
client in West Asia. While L&T
did not disclose the exact value
of the contract, it counts an
order as “mega” when it is
valued between ₹ 10,000 crore
and ₹15,000 crore. PTI
LTTS, NVIDIA tie up to
enhance medical imaging
New Delhi: Engineering services
company Larsen and Toubro
Technology Services (LTTS) on
Monday said it has collaborated
with American software firm
NVIDIA to enhance medical
imaging using Gen AI. The
partnership aims to develop
software­defined architectures
for medical devices, looking at
enhancing the quality of
medical images for the
detection, identification, and
classification of polyps, the
company said. PTI
LAYOFF AFTERMATH. Some former staff threaten legal actions if dues not cleared
Jyoti Banthia
Bengaluru
Edtech major Byju’s has
again delayed the full and fi­
nal settlement of its laid­off
employees. The firm had
earlier shifted the payment
timeline from September to
November.
The edtech major is mak­
ing the payments in a phased
manner on a weekly basis
and has already settled the
payments of those that were
due in October, according to
a source who did not want to
be identified.
However, a few former
employees of the edtech ma­
jor took to social media plat­
forms and alleged that the
company is yet to pay their
dues and they would have to
resort to legal actions if the
dues were not cleared.
A detailed questionnaire
sent to Byju’s did not elicit
any response and calls were
unanswered.
Byju’s has laid off thou­
sands of employees in mul­
tiple rounds since 2022. The
company has been grappling
with a liquidity crunch amid
PHASED PAYOUT. The edtech major is making payments in a
phased manner on a weekly basis and has already settled the
payments of those that were due in October, said a source REUTERS
pending lender repayments
and delayed fundraising
plans.
LAYOFFS IN BYJU’S
In June, the firm laid off
1,000 employees across vari­
ous departments, including
mentoring, logistics, train­
ing, sales, post­sales, and fin­
ance. Later in August, an­
other 400 employees were
laid off, which Byju’s said was
after a performance review
in the mentoring, and
product expert division.
The employees let go from
May to July were informed
that they would receive their
salaries along with the final
settlement by September 15.
However, on September
14, the company sent an e­
mail to the affected employ­
ees notifying them of a delay
in disbursing their dues.
Meanwhile, the company
provided a new timeline in
the e­mail, saying the em­
ployees can expect to receive
their outstanding payments
by November 17.
The newly­appointed
CEO of Byju’s India opera­
tions, Arjun Mohan, had ini­
tiated a restructuring effort
expected to impact 4,000­
5,000 jobs.
Recently, Byju’s resolved
the longstanding issue with
Davidson Kempner, linked
with covenants in its subsidi­
ary Aakash. In November,
Manipal Group chairman
Ranjan Pai bought out the
debt investment of the US
Hedge Fund, in a ₹1,400­
crore deal, businessline
reported.
LENDERS’ DILEMMA
The company has submitted
a proposal to its $1.2­billion
Term Loan B lenders to re­
pay the loan within the up­
coming six months. Byju’s
aims to achieve this by mak­
ing an initial payment of
$300 million within the next
three months.
It has also put two of its as­
sets — upskilling platform
Great Learning and Epic —
up for sale, businessline had
also reported earlier.
Byju’s is yet to file its FY23
financial results and its de­
tailed financial results for
FY22. Earlier this month, it
posted a total standalone in­
come of ₹3,569 crore for
FY22 as against ₹1,552 crore
in FY21. Meanwhile,
EBITDA loss decreased to
₹2,253 crore in FY22 (₹2,406
crore).
Lokeshwarri SK
Jayant Pankaj
Chennai
As the Southern State of Tel­
angana goes to poll towards
the end of this month, the
electorate will be taking stock
of the performance of the K
Chandrasekhar Rao­led gov­
ernment’s performance over
the last five years.
DATA FOCUS.
The government has been
focusing more on welfarism
and agri­led growth in the last
five years, which has been
pegging back growth. With
revenue not sufficient to
meet the welfare expenses,
the debt of the State has been
piling high.
GSDP TROTS ALONG
The State’s GSDP is led by the
thriving IT and other services
sector in the Hyderabad area,
which contributes over 60
per cent to the economy.
Growing digitisation has
helped the State recover well
from the Covid­19 pandemic,
recording around 18 per cent
growth in GSDP in nominal
terms in FY22 and FY23.
However, growth would be
be pulled back to 6.7 per cent
in FY24 on overall slowdown
in IT sector and drop in
inflation.

‘ESOPs to Saluja conformed with IRDAI norms’ TPREL achieves

KR Srivats
SEBI. InGovern had, in a
recent report, alleged that
New Delhi the ESOPs were issued to
Saluja despite IRDAI’s re­
Religare’s Board of Direct­ jection and without REL
ors on Monday asserted shareholder approval.
that the ESOPs of CARE Moreover, it said that
Health Insurance, a subsidi­ REL’s annual report lacks
ary of Religare Enterprises, disclosure regarding CARE
granted to Rashmi Saluja ESOPs being included in
was above board and in full Saluja’s compensation.
conformity with the insur­ The InGovern report val­
ance regulator IRDAI’s ued the stock options is­
guidelines. sued to Saluja, Executive
The CARE Health Insur­ Chair of REL and non­exec­
ance ESOPs were granted utive chairperson of CARE
to Rashmi Saluja only in Health, over the last three­
her capacity as an em­ four years at over ₹480
ployee/ executive director crore.
and Chairperson of Religare This included grant of
Enterprises Ltd (REL), the stock options of CARE, val­
Board of Directors of REL ued at over ₹250 crore.
said in a statement.
These CARE ESOPs — ESOP POOL
2,27,11,327 options to pur­ In its statement, the REL
chase shares of CARE — Board said that CARE
were not to be granted in Health has an ESOP pool of
her capacity as Non­execut­ 12.5 per cent of equity for
ive Chairperson of Care its employees, another 2.5
Health Insurance, it added. per cent pool is meant for
employees of the Religare
INGOVERN REPORT Group in consideration of
The latest statement from their contribution to the
REL Board is significant, as growth of CARE Health.
it comes on the heels of From the 2.5 per cent
proxy advisory firm InGov­ pool, Saluja, as an employee
ern calling for a detailed in­ of REL, was granted 2.27
vestigation by IRDAI and crore options with exercise
Rashmi Saluja, Executive
Chairperson, Religare
Enterprises Ltd
price per option at ₹45.32
per share in June 2022, the
REL Board said.
The REL Board state­
ment goes on to elaborate
that as per the ESOP
terms, as much as 33.33 per
cent (75,69,685) options
would vest upon one year
from the date of grant and
issuance of minimum
primary capital of ₹250
crore by CARE Health In­
surance is completed.
The next 33.33 per cent
would vest two years from
the date of grant and two
years from the vesting
commencement date.
The remaining 33.33 per
cent would vest at earlier
of (i) five years from the
date of grant of options to
the REL employee or (ii)
the listing of shares of
CARE.
REVIVING REL
REL Board also highlighted
in the statement the revival
journey of Religare Enter­
prises under Saluja’s helm
and how she was instru­
mental in creating share­
holder value in recent
years.
“The allegation that the
Executive Chairperson
draws a remuneration of
more than ₹150 crore per
annum is completely false
and erroneous. As per the
annual report for FY2022­
23 of REL, the remunera­
tion for the Executive
Chairman was ₹8.12 crore.
Even after including the
perquisite value of the
ESOPs, it reached a figure
of ₹42.06 crore,” the state­
ment added.
The reported remunera­
tion includes the perquis­
ites value of ESOPs exer­
cised only and not of
unexercised ESOPs as the
gain (if any) accrued only
at the time of exercise of
ESOPs, it added.
1.4 GW group
captive projects
Our Bureau
New Delhi
Tata Power Renewable En­
ergy (TPREL), a subsidiary
of Tata Power, said on
Monday that it has crossed
the 1.4­gigawatt (GW) ca­
pacity of group captive pro­
jects in the last seven
months.
This achievement is the
result of signing of Power
Delivery Agreements with
industries across segments,
it said. Some of the promin­
ent group captive projects
that TPREL has signed in
the last six months include
collaborations with Tata
Steel, Tata Motors, Mukand
(a Bajaj Group company),
Supreme Petrochem, Xpro
India, Neosym Industry,
Chalet Hotels, Sanyo Spe­
cial Steel Manufacturing In­
dia, ANAND Group, Endur­
ance Technologies, it
added.
TPREL is set to construct
a 41­MW captive solar plant
for Tata Power’s upcoming
4.3­GW Solar cell and mod­
ule manufacturing facility
in Tamil Nadu.
In the last five years, the
government has focused
more on agri and allied sec­
tors with its pro­farmer
schemes, resulting in agricul­
ture’s contribution to GSDP
increasing from 18 per cent in
FY18 to 21 per cent in FY23.
Services sector, on the
other hand, has seen its share
decline from 65 per cent to 63
per cent in the same period.
A greater focus on services
could have helped higher
growth. The residents of the
State are, however, fairly
wealthy with GSDP per cap­
ita clocking annual growth of
9.4 per cent in the last five
years.
paid directly to over 55 lakh loan waiver and interest­free
FISCAL BURDEN farmers, and Dalit Bandhu loans to farmers could stress
The State budget numbers scheme, which provides one­ the fisc further.
are showing that the fiscal de­ time grant of ₹10 lakh each to
ficit has been brought under Dalit families. The State is NUMBERS TOO ROSY
control at 2.7 per cent of hard­pressed to sustain these The State has projected cap­
GSDP in FY24, below the schemes. ital expenditure of ₹37,525
FRBM mandate. The CAG in its State fin­ crore for FY24, though the re­
The deficit had widened ance report pointed out that vised capital investments in
sharply to 5.06 per cent of if the off­Budget borrowing FY23 was 7 per cent lower
GSDP in FY21. of the State were considered, compared with FY21. The
But the States’ revenue is it would lead to debt to GSDP higher revenue expenditure
insufficient to cover the vari­ ratio of 38.1 per cent in FY22, on welfarism is leading to re­
ous welfare schemes unrolled which is far higher that the 30 duction in capital
by the government. This is per cent limit mandated by investments.
leading to high off­Budget the 15th finance commission. The 2023­24 Budget has
borrowing. Outstanding State guaran­ also projected an extremely
Two of its flagship welfare tees stood at ₹1.35­lakh crore high own tax revenue growth
schemes are Rythu Bandhu, in FY23, while outstanding of 18.48 per cent, which ap­
which provides farmers debt was ₹3.66­lakh crore. pears unattainable given the
₹5,000 per acre per season to Other freebies announced GSDP growth projected for
help farm investment and is in the election year such as this fiscal.

Consumer durable makers post 25%
growth this festival, cricket season
Aroosa Ahmed
Mumbai
Consumer durable makers
saw a 25 per cent growth year­
on­year this festival season on
the back of the ICC Men’s
Cricket World Cup and a
longer festival period.
“The growth is largely
driven by the premium seg­
ment and is concentrated
more inthe urban market. Last
year, the festivities were only
in October whereas this year
the festivals were spread
across two months. There is a
growth of 20­25 per cent y­o­y.
We see two types of segment
consuming very high, one is
the affluent class which is con­
suming premium products
and second segment com­
prises the new young con­
sumers who are moving
straight to premium segment
because of easy availability of
finance,” said Kamal Nandi,
Business Head and Executive
Vice­President of Godrej Ap­
pliances, part of Godrej &
Boyce.
businessline.
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advertisement before responding to any
published in this newspaper. THG
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advertiser or for any of the advertiser’s
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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.
PREMIUM PRODUCTS. The growth in consumer durables
demand is largely driven by the premium segment
The surge in demand was
also aided by festival offers
from companies.
“Starting Onam, we an­
nounced an array of exciting
offers such as 20 per cent in­
stant cashback, EMIs starting
as low as ₹994, long EMI ten­
ures up to 24 months, and ex­
tended warranty on chosen
appliances. We witnessed a
growth of 35 per cent this fest­
ival period vs last year,” said
NS Satish, President of Haier
Appliances India.
Premium refrigerators re­
gistered a growth of 40 per
cent, while air­conditioners
(ACs) saw a growth of 50 per
cent. “This season, we saw a
high spike in large TVs, espe­
cially 50, 55 and 65 inches. De­
mand for Google and Android
televisions in rural markets
has gone up. An overall growth
of 12 per cent was registered,”
said Avneet Singh Marwah,
CEO of Super Plastronics, an
exclusive brand licensee of
Thomson in India.
The rural market is expec­
ted to pick up likely to pick up
next year.
“The mass segment has
been under pressure on con­
sumption because of
coronavirus and then infla­
tionary trend. We are seeing
signs of inflation softening, if it
continues then we will see the
mass segment consumption
going up. We should see the
segment consuming during
summer months, Q4 of this
year and Q1 of next year,” he
added.
POST­FESTIVAL LULL
Industry experts are anticipat­
ing a dip in demand for con­
sumer durables after the fest­
ival season.
“Post festival season, there
is always a lull, but with the
marriage season starting, we
expect sales of entry­level
products to go up,” said Eric
Braganza, President of Con­
sumer Electronics and Appli­
ances Manufacturing.
‘Will bring luxury Genesis brand if India market is ready’
S Ronendra Singh
New Delhi
South Korean auto major Hy­
undai Motor has said that the
company will not shy away
from bringing its luxury brand
Genesis into the country, if
there is a demand and would
not take longer if that is the
case.
“We want to bring the Gen­
esis brand in India...it’s a ques­
tion of when. We are studying
the market and we have al­
ways believed that we need to
be prepared and we need to be
ready. As long as there is a
market and we are ready, we
will bring the products,” Un­
soo Kim, Managing Director
and Chief Executive Officer,
Hyundai Motor India (HMIL),
told businessline.
ReNew reports profit of ₹377 cr in Q2 on higher total income
Our Bureau
New Delhi
ReNew Energy Global (Re­
New) on Monday reported a
net profit of ₹377 crore, or $45
million, for the July­Septem­
ber quarter in FY24 against a
net loss of ₹98.6 crore ($12
million) in the year­ago
period.
The company’s total in­
come for Q2 stood at ₹2,863.2
crore ($345 million), com­
The Genesis cars will be
competing with the likes of
Mercedes­Benz, Audi and
BMW in India, who consti­
tutes the maximum number
of sales in the Indian luxury
car market.
Hyundai had brought 68
Genesis cars – 43 units of G90
model and 25 units of the G80
model (both sedans) during
the recently­held G20 Sum­
mit here, to be used by the
Head of the States and
ministers.
ASSEMBLING IN INDIA
According to sources, the
company is planning to as­
semble the cars in its Indian
factories initially, so that it can
avoid high import duties here
and make the prices of the
products competitive, just
like it has done with the Ioniq
pared with ₹2,240.9 crore
($270 million) in Q2 FY23, the
Nasdaq­listed firm said.
Adjusted EBITDA was
₹2,129.8 crore ($256 million),
as against ₹1,820.9 crore
($219 million) in the corres­
ponding quarter last year. Its
Cash Flow to equity (CFe) for
the quarter was ₹934.6 crore
($112 million) compared with
₹712.5 crore ($86 million) in
Q2 FY23. As of September 30,
2023, the company’s portfolio
consisted of 13.8 gigawatts
As long as there is a
market and we are
ready, we will bring
the products
UNSOO KIM
MD and CEO, Hyundai Motor India
5 electric sports utility vehicle
(SUV). The all­electric SUV
Ioniq 5 is assembled at HMIL’s
fully integrated state­of­the
art manufacturing plant near
Chennai, Tamil Nadu, from
where it exports to around 88
countries. The country’s lead­
ing passenger car exporter is
also acquiring the General
Motors India Talegaon plant
in Maharashtra, to further ex­
pand its capacities.
(GW), compared with 13.4
GW as of September 30, 2022;
of this, around 8.3 GW has
been commissioned and 5.5
GW is committed.
The Days Sales Outstand­
Sources said that Hyundai
has been planning to bring the
Genesis brand to India for
quite a long time now; but the
market slowdown in 2018­19
and Covid­related shutdowns
after that led to postpone­
ment of the plans.
However, now with the lux­
ury car market getting expan­
ded (expected to touch
45,000­47,000 units in 2023)
and crucial decisions by the
ing ended Q2 FY24 at 112
days, a 119­day improvement
year­on­year.
H1 PERFORMANCE
During H1 FY24, the com­
pany’s total income stood at
₹5,329.1 croe ($641 million)
compared with₹4,741.6 crore
($571 million) for H1 FY23.
Net profit for H1 FY24 was
₹675.4 crore ($81 million)
compared with a net loss of
₹109 crore ($13 million) for
H1 FY23. Adjusted EBITDA
government in signing free
trade agreements (FTAs) with
various countries, including
ASEAN, this could be the right
time for the global companies
to come in this growing
market.
INVESTMENT IN 2023
“The last 27 years have been
significant, not just for HMIL,
but for Hyundai Motor Com­
pany (HMC), worldwide.
HMIL, with guidance from
HMC, has made significant
strides in the Indian automot­
ive market,” Kim said.
In 2023, the company has
also announced to invest
₹20,000 crore strategically to­
wards building an EV ecosys­
tem in India and is expected to
sell six­lakh vehicles in the cal­
endar year. In 2022, HMIL had
sold around 5.50 lakh cars.
was ₹3,989.7 crore ($480 mil­
lion) as against ₹3,836.6 crore
($462 million) in H1 FY23.
The CFe for H1 FY24 was
₹1,893 crore ($228 million)
compared with₹2,104 crore
($253 million) in H1 FY23.
“We are raising the lower
end of our FY24 Adjusted
EBITDA guidance range by 3
per cent and continue to ex­
pect to complete construction
of between 1,750 and 2,250
megawatts by FY24­end,” Re­
New said.

CM
YK ... . . . . . . ND­NDE
 news . bl . 3
DELHI

businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

Goldman sees India growing a tad slow at 6.3% in 2024

RIDING ON RESILIENCE. Global investment bank says repeated supply­side shocks are likely to keep headline inflation above 5.1 per cent in 2024
Our Bureau
Mumbai
Goldman Sachs expects the
Indian economy to decline
marginally to 6.3 per cent in
2024 from the 6.4 per cent
estimated for 2023 despite
the macro­economic resili­
ence and lower vulnerabil­
ity to external shocks com­
pared to its peers in the
Asia­Pacific region.
In its ‘India 2024 out­
look’ released today, the
global investment bank
said that repeated supply
side shocks are likely to
keep headline inflation
above 5.1 per cent in 2024
with core inflation facing
resistance at 4.5 per cent.
With $600 billion of
forex reserves, the Reserve
Bank of India has ample
headroom to intervene in
the forex markets to keep
the currency stable.
RUPEE OUTLOOK
According to Goldman
Sachs, the rupee is expec­
ted to be at ₹83­84 to the
US dollar over the next 3­6
months and appreciate to
₹82 over a 12­month
period.
ments. Santanu Sengupta,
Chief India Economist at
GS, said that after the elec­
tions, the government
spending is likely to be
lower and the slack to be
picked up by the private
sector.
“While we expect the
government to continue its
focus on capital spending
given the medium­term
fiscal consolidation path,
POST­ELECTION BOOST. Govt spending is expected to drive the rate of growth in capex
growth, with private expenditure, investment picking up will likely decrease from
next fiscal year,” the report
In the run­up to the gen­ seen driving growth, chiefly said.
eral elections next year, populist measures such as The report said there is
government spending is subsidies and transfer pay­ an increased allocation to­
wards rural employment
programs, higher cooking
gas subsidies, and an exten­
sion of the food subsidy
program, while State gov­
ernments in election mode
have also made separate
outlays to incentivise
voters.
DOMESTIC INFLATION
The economic growth next
year is seen as a function of
private consumer ex­
penditure which is seen
rising 6.5 per cent and gross
fixed investment at 6.2 per
cent.
Sengupta added that if
private expenditure do not
pick up as expected after
the elections, they would
have to reassess their
growth forecasts.
Repeated supply­side
shocks, especially in food
and oil, are likely to keep
headline inflation from go­
ing below 5.1 per cent in
2024, which is above the
RBI forecast of 4.7 per cent,
compared to an estimated
5.7 per cent in 2023, GS
said.
“We expect the govern­
ment to intervene through
subsidies or other meas­
ures to keep a lid on food
prices in an election year,”
it said.
With inflation at elev­
ated levels, RBI will have
limited room for monetary
easing and GS said that it
expected the central bank
to cut only 50 basis points
to 6 per cent by early 2025.
The report said that the
‘higher for longer’ global
scenario and elevated do­
mestic inflation will con­
strain the RBI from con­
tinuing with it hawkish
guidance and tight monet­
ary liquidity until it feels
confident of achieving its
target of 4 per cent.

Nifty50 ‘may hit 21,800 by

2024­end, giving 12% returns’
Janaki Krishnan
Mumbai

Goldman Sachs has forecas­

ted the Nifty50 index to reach
21,800 by 2024­end, translat­
ing into a 12 per cent return in
rupee terms, driven by mid­
teens earnings growth and a
moderation in valuations.
The global investment
bank raised India to over­
weight on its resilient funda­
mentals and strategic appeal.
In its ‘India 2024 Equity
Outlook’ Goldman Sachs also
said it expects corporate
profits in India to rise 15 per
cent in 2024 and another 14
per cent in 2025, with growth
broad­based across sectors.
GS said it continues to fa­
vour domestic sectors and is
overweight on banks, automo­
biles, cement, industrials, and
utilities.
MARKET RETURNS
Indian equities are likely to see
back­loaded low teen returns
driven by corporate earnings,
said Goldman Sachs, adding
that raising India to over­
weight was due to the country
having the best structural
growth prospects in the Asia
Pacific region.
The Nifty50 index has risen
8.8 per cent so far this year and
GS said that over the long­
term Indian equities have de­
livered the best compounded
annual growth of any regional
index with “outsized alpha op­
portunities.”
The returns trajectory next
year will depend a lot on the
global macroeconomic envir­
onment, which includes in­
terest rates in the US, the
strength of the dollar, and geo­
political uncertainty.
Domestic factors, such as
the outcome of state elections
this year and general elections
next year, will also signific­
FORECAST. Goldman Sachs
expects Indian corporate
profits to rise 15% in 2024
antly impact. GS said that it
remained “tactically conser­
vative over the next six
months” and expected
stronger market performance
once the uncertainty over the
elections faded.
The report also pointed out
that the exposure of foreign
portfolio investors in Indian
equities was fairly low. They
were net sellers last year and
in the first quarter of 2023,
and while they have been net
investors this year, it hasn’t
made up for the outflows of
last year.
Sunil Koul, Asia Pacific
Equity Strategist at GS said
that FPIs were keen to raise
exposure, but the relatively
high valuations were holding
them back. “Near­term in­
flows will be weak,” he said.
MARKET VALUATIONS
With corporate earnings seen
as strong, India is still the
most expensive market in
Asia, but valuations have mod­
erated from recent highs.
Forward price multiples are
no longer running ahead of ac­
tual performance and the
MSCI Index at 19.7x is not
that overpriced.
Uncertainties over the out­
come of the elections can
however make the market
volatile and play havoc with
valuations, GS noted.
It said that most sectors
have de­rated more than 15
per cent from their recent
peak multiples.

Rules of origin for medical

devices, still a ‘sticking point’
in proposed India­UK FTA
Press Trust of India
New Delhi
Finalising the rules of origin
for the medical devices sector
remains a sticking­point in the
proposed free­trade agree­
ment (FTA) between India
and the UK and the talks are on
to iron out the differences, an
official said.
Huge potential is there in
the medical devices sector in
India, as it imports about 80
per cent of its requirement,
with the US, Germany, China,
Singapore and Netherlands
being top exporters of such
devices to the country.
“In the medical devices sec­
tor, a lot of issues related to
rules of origin are still there.
Demand for customs duty
concessions is also there,” the
official said, adding negoti­
ations are going on between
the two countries to resolve
the differences in both goods
and services sectors.
MAJOR CATEGORIES
The government has taken
steps to promote domestic
manufacturing of medical
devices/equipment and attract
large investment in the sector.
Such schemes/initiatives in­
clude Promotion of Medical
Device Parks, National Bio­
pharma Mission, and a Pro­
duction­linked Incentive
scheme for the sector.The six
major categories of medical
CM
YK
devices that are being mainly
imported into the country in­
clude consumables, dispos­
ables, electronics and equip­
ment, implants, IVD reagent
and surgical instruments.
The ‘rules of origin’ provi­
sion prescribes minimal pro­
cessing that should happen in
the FTA country, so that the fi­
nal manufactured product
may be called originating
goods in that country.Under
this provision, a country that
has inked an FTA with India
cannot dump goods from
some third country in the In­
dian market by just putting a
label on it. It has to undertake
a prescribed value addition in
that product to export to In­
dia. Rules of origin norms help
contain dumping of goods.
According to experts, India
should refrain from giving
duty concessions, as the gov­
ernment here is promoting
domestic manufacturing of
these devices. “India can con­
sider giving relaxations for
those equipment which are
not manufactured in India,”
Rajinder Singh Kanwar fro­
m Export Promotion Council
For Medical Devices said.
The negotiations between
the two countries for the
agreement cover as many as 26
policy areas/chapters. Invest­
ment is being negotiated as a
separate agreement between
India and the UK and it would
be concluded simultaneously
with the free­trade agreement.
... . . . . . . ND­NDE
4 . bl . news
QUICKLY.
Karnataka Bank ties up
with HDFC Life
Mangaluru: Karnataka Bank has
entered into a corporate tie­up
with HDFC Life to offer life
insurance products to its
customers. Quoting
Srikrishnan H, Managing
Director and CEO of Karnataka
Bank, a media statement said:
“This collaboration aligns with
our commitment to enhancing
the suite of financial products
and services available as a
choice to our customers.” OUR
BUREAU
EaseMyTrip launches
premium cards for HNIs
Mumbai: Easy Trip Planners’
EaseMyTrip.com has unveiled
an exclusive subscription
programme targeting high­net
worth individuals and CEOs.
The newly­introduced
EaseMyTrip Platinum, Gold, and
Silver Cards aim to redefine
luxury and convenience in the
travel industry, per the
company. Each Platinum
Cardholder is assigned a
dedicated Relationship
Manager for a hassle­free travel
experience. OUR BUREAU
RBI tightening norms for unsecured I&B Ministry increases incentives
loans ‘may weigh heavily on fintechs’ for foreign film production in India
Jyoti Banthia
Bengaluru
Fintech players could feel the
heat after the Reserve Bank of
India’s recent directive re­
quiring lending institutions
to increase their risk weight­
age or the amount of capital to
be set aside against unsecured
loans disbursed by them, ac­
cording to several industry
experts.
The fintech platforms,
which generate leads and
provide unsecured personal
loans, consumer durables
loans, credit cards and gold
loans, will be required to in­
crease their risk weightages
against such loans to 125 per
cent from 100 per cent
currently.
LOAN GROWTH
While the move has been wel­
comed by the industry play­
ers, firms noted that the move
could also lead to decline in
loan growth.
“RBI’s decision to tighten
norms for consumer lending
in personal loans is a welcome
move to reduce risk. Our part­
ners have already started put­
ting stricter underwriting cri­
teria in the last 30 days to
ensure quality.
“The move taken by RBI
will also see a decline in loan
growth since the step has
Tougher personal loan rules may force Citigroup slashes over
some NBFCs to tap bond market
Reuters
Mumbai
Non­banking finance com­
panies (NBFCs), including
Bajaj Finance, L&T Finance
and SBI Cards and Payment
Services, are likely to tap the
bond market to raise funds
following the central bank’s
tighter rules for personal
loans, six banking sources
told Reuters.
The rules, which raise the
capital that banks need to set
aside for personal loans dir­
ectly and indirectly via
NBFCs, will mean that bank
borrowings for NBFCs are set
to become more expensive,
pushing lenders to tap the
bond market.
Bank borrowing costs for
these lenders are set to rise
25­30 basis points (bps),
which will make bond market
borrowings relatively
cheaper, said an official at a
mid­sized NBFC.
The official and the
sources did not want to be
identified as they are not au­
CM
YK
Govt may delay ₹11,000­cr PLI
scheme for container­making
KEY REASONS. Apprehensions of excess availability of containers and changed market conditions
Abhishek Law
New Delhi
The Shipping Ministry is
likely to delay the launch of its
₹11,000­crore PLI scheme for
container­making given
changed market conditions
and glut in supply, officials
aware of the discussions told
businessline.
Officials say, one of the
biggest apprehensions sur­
rounding the scheme contin­
ues to be its acceptability
primarily in view of the “ex­
cess availability of containers
in the market at the moment”.
Bhavnagar in Gujarat was ini­
tially identified as one of the
hubs for contained manufac­
turing and some companies
reportedly began operations
there too.
“When the scheme was ini­
tially floated or mooted, there
was a shortage of containers
in the market, especially in In­
dia. Chinese manufacturing
had not restarted at pre­
Covid levels. But now, there is
an excess supply of containers
globally, some are lying empty
in Chinese ports too,” the offi­
cial said.
In the backdrop of slowing
global trade, shipping and
container prices continue to
GROWING TREND
£ Banks are going aggressive in their personal loan
portfolio, with credit to the segment growing by
30.8%, compared to 19.4% on a y­o­y basis
£ Fintech firms have sanctioned ₹30,000 crore for
consumption loans — personal loans, consumer
durables loans, vehicle loans — compared to less than
₹5,000 crore in the same period
been taken to reduce excesses
in the NBFC space,” said
Manish Shara, Co­founder &
CEO, Zet.
“We have witnessed that
over the past few months
ticket size of loans has in­
creased but approvals have
become stricter. And now,
RBI’s decision will set a chain
reaction, wherein slowing
down the growth in consump­
tion of retail loans and hence
impacting profitability. This
will take a toll on NBFC’s
funding cost but in the longer
run this will be beneficial for
the overall health of the in­
Jio Financial Services in talks with
300 senior manager roles bankers for maiden bond issue
thorised to speak to the
media.
Bajaj Finance, SBI Cards,
and L&T Finance did not re­
spond to a Reuters’ email
seeking comment.
“The NBFCs which were
heavily reliant on bank bor­
rowings will now will have to
raise funds from the capital
markets,” said Umesh Re­
vankar, executive vice­chair­
man at Shriram Finance.
The company will look to
raise ₹5,000 crore rupees
through retail deposits, ex­
ternal commercial borrow­
ings, and capital markets for
the rest of the fiscal year, Re­
vankar said.
Refinitiv AAA­rated NBFC
bond yields are between 7.75
per cent and 7.95 per cent for
two­year to five­year papers,
while the three­year marginal
cost of lending rates for top
banks is in the 8.75­9.25 per
cent range.
COST OF FUNDS
The gap in the cost of funds
via banks and bond markets
will widen further now.
‘MAKE IN INDIA’ PUSH. The PLI scheme intended to push
manufacturing and compete with China, garnering at least 10%
of demand from global liners
moderate. Apprehensions are
rife that there may not be
takers in the market for addi­
tional capacity that could be
created. In such a case, com­
ing out with incentives for
manufacturing of containers
may not be a good move, “and
there may not be many takers
too”, the official pointed out,
adding that the matter is be­
ing discussed “internally”.
INITIAL PLANS
“To be fair, the scheme has not
been shelved. But it is not a
good time to launch the
scheme at the moment. There
may not be takers. There will
be a rework in timelines, de­
liverables and perhaps even
the incentives. Manufactur­
ing incentives could be over a
shorter period perhaps. All
this is under discussion now,”
the official said. As per the ini­
dustry,” he added. The new
guidelines would curb lenders
who may have followed leni­
ent practices in loan ap­
praisal, said industry players.
“The RBI’s decision to raise
risk weights for personal
loans is a positive develop­
ment, timely following the
central bank’s caution about
the aggressive lending in the
unsecured consumer loans
space.
“Although the overall im­
pact of bad loans in this seg­
ment might not be significant
in monetary terms, the sheer
number of citizens who are at­
The momentum of bank
lending to NBFCs, other than
those that lend to segments
identified as priority sectors
for lending, is likely to moder­
ate, ratings agency CareEdge
said in a note, adding highly­
rated NBFCs will move to­
wards the capital markets.
Banks’ credit exposure to
NBFCs stood at ₹14.2 lakh
crore in September, a 26.3 per
cent year­on­year growth,
compared to overall bank
credit in India, which grew
about 15 per cent over the
past year.
NBFCs will look at options
to raise funds at the most af­
fordable rates, while keeping
some portion of their bor­
rowings with banks, said
Sumit Bali, group executive
and head ­ retail lending at
Axis Bank.
With higher borrowings
from NBFCs, rates on such
bond market borrowings may
also move up by at least 10
bps, especially for entities re­
liant on unsecured lending,
said Raju Sharma, head ­ fixed
income at IDBI Mutual Fund.
tial plans, the ₹11,000­crore
PLI scheme was mooted
spread over a nine­year
period, beginning 2024­25, for
the manufacture of shipping
containers.
The scheme intended to
push manufacturing and com­
pete with China, garnering at
least 10 per cent of demand
from global liners. According
to a previous Cabinet note ac­
cessed by businessline, of the
nine years of outlay, incent­
ives for the first five years will
be fixed, while for the next
four years, it will be in “taper­
ing fashion or in decreasing
order”. The push will be to­
wards the manufacture of 20
ft and 40 ft length containers
(called standard containers).
These include dry storage
containers, flat rack contain­
ers, open­top containers,
open­side storage containers
tracted into easy credit for
non­productive purposes like
gadgets is huge. This measure
will curb lenders who may
have followed lenient prac­
tices in loan appraisal, a trend
that historically led to adverse
outcomes, as evidenced by
the credit card and personal
loan incidents 2008,” said
Jaya Vaidhyanathan, CEO,
BCT Digital.
Consumer­focused
fintechs such as Freo, Fibe,
Kreditbee, Paytm and Cred
have a considerable share in
terms of the number of loans
disbursed.
PERSONAL LOANS
Indian banks are going ag­
gressive in their personal loan
portfolio, with credit to the
segment growing by 30.8 per
cent, compared to 19.4 per
cent on a year­on­year basis,
the latest sectoral credit
growth data with the Reserve
Bank of India showed.
Fintech firms have sanc­
tioned almost ₹30,000 crore
for consumption loans — per­
sonal loans, consumer dur­
able loans, vehicle loans
between 2015 and 2022 —
compared to less than ₹5,000
crore disbursed by them as
business loans in the same
period, according to RBI­
backed Centre for Advanced
Financial Research and
Learning (CAFRAL).
Bloomberg
Citigroup Inc is eliminating
more than 300 senior manager
roles as part of Chief Executive
Officer Jane Fraser’s efforts to
simplify the Wall Street giant.
The company started an­
nouncing the cuts — which af­
fect those staffers two levels
below Fraser’s executive man­
agement team — on Monday,
according to a person familiar
with the matter. They amount
to roughly 10 per cent of the
workers at that level, according
to the person, who asked not to
be identified discussing per­
sonnel information.
“Today we shared with our
colleagues the next layer of
changes across many of our
businesses and functions as we
continue to align Citi’s organ­
isational structure with our
new, simplified operating
model,” Citigroup said in a
statement, which didn’t dis­
close the number of cuts in­
volved. “As we’ve acknow­
ledged, the actions we’re taking
to reorganise the firm involve
and refrigerated ISO contain­
ers. Two incentive schemes
are under discussion then.
GLOOMY OUTLOOK
Inter­ministerial committee­
level discussions that are re­
portedly underway to re­work
the scheme, at present, have
mentioned that freight rates
corrected in 2023 to pre­pan­
demic levels, from the 2021
and 2022 peaks.
According to a Shipping
Ministry official air freights
are down to 8­9 per cent­odd
while shipping rates are down
60 per cent on a y­o­y basis.
Container shipping com­
panies, whose performance is
seen as a bellwether for global
trade, have reported tumbling
revenues and profits amid
falling freight rates as vessel
supply outstrips demand.
Maersk, the shipping ma­
jor, is expected to cut jobs
amidst rigorous cost­cutting
measures following a 90 per
cent­odd drop in profits par­
ticularly attributed to slowing
global trade. Hapag­Lloyd, the
German player, saw an 80 per
cent decline in profits for the
nine­month period and also
cut its full­year guidance on a
continuing gloomy outlook.
According to Varun Gogia,
Assistant Vice­President ­
Our Bureau
New Delhi
The Information & Broad­
casting Ministry has decided
to enhance incentives for
producing foreign films in
the country. This has been
enhanced from 30 per cent of
the reimbursement of ex­
penses incurred in the coun­
try to 40 per cent with an in­
creased cap limit of ₹30
crore. This announcement
was made by Information &
Broadcasting Minister
Anurag Singh Thakur at the
ongoing International Film
Festival of India in Goa.
Foreign film producers
will also be able to avail of an
additional 5 per cent bonus
Retail inflation for farm, rural workers marginally up in Oct
Press Trust of India
New Delhi
Retail inflation for agricultural
labourers and rural workers
rose marginally to 7.08 per
cent and 6.92 per cent in Octo­
ber, respectively, from 6.70 per
cent and 6.55 per cent respect­
ively in September 2023 due to
higher prices of certain food
items. Point to point rate of in­
some difficult, consequential
decisions, but we believe they
are the right steps to align our
structure with our strategy and
ensure we consistently deliver
excellence to our clients.”
CUT IN WORKFORCE
The workforce reductions,
which the bank has said may
continue around the globe into
next year, are part of Fraser’s
strategy to eliminate layers of
management and get rid of co­
head structures to speed up de­
cision making across the bank.
The company hasn’t put a
number on how many employ­
ees may ultimately be
dismissed.
“Building a winning bank re­
quires a great deal of commit­
ment, hard work and resilience
from each of us,” Fraser said in
a memo to staff. “I’m fully
aware we’re asking a lot of our
people.”
The bank remains on track
to announce the next layers of
change early next year and to
complete the final changes by
the end of the first quarter, ac­
cording to the memo.
Corporate Ratings, ICRA Ltd,
container shipping rates ad­
justed for inflation have
“plummeted to pre­Covid
levels amid a weak economic
outlook and rising capacity of
shipping lines”. The increase
in the interest rates by the
central banks has led to a weak
demand outlook.
“The cashflows of the ship­
ping lines have moderated as
the freight rates have moder­
ated sharply from record high
levels while the bunker rates
have moderated to a lesser ex­
tent,” he said.
CHINESE DOMINANCE
Incidentally, container manu­
facturing is dominated by
China globally with the coun­
try meeting nearly 90–95 per
cent of the demand. Of this,
three state­owned enter­
prises dominate manufactur­
ing.
India too depends on China
for such supplies with Concor
(Container Corporation of
India) importing its stockpile
of nearly 40,000 containers
from China. For the April­Oc­
tober period container cargo
handled across 12 major ports
in India stood at 7128 twenty
equivalent units (TEUs), an 8
per cent rise y­o­y, over the
6,586 TEUs handled earlier.
Anurag Singh Thakur,
Union Minister
for Significant Indian Con­
tent (SIC), he added. “This
step will give further im­
petus to India’s efforts to at­
tract medium and big budget
international film projects to
the country. The announce­
ment is also part of the ef­
forts to streamline foreign
film productions and to en­
flation based on CPI­AL (Con­
sumer Price Index­Agricul­
tural Labourers) and CPI­RL
(Consumer Price Index­Rural
Labourers) stood at 7.22 per
cent and 7.34 per cent, respect­
ively in October 2022, a labour
ministry statement said.
Food inflation stood at 8.42
per cent and 8.18 per cent for
CPI­AL and CPI­RL in Octo­
ber 2023 compared to 8.06 per
cent and 7.73 per cent, respect­
Reuters
Mumbai
Jio Financial Services is in
early talks with merchant
bankers for its maiden bond
issue, four bankers told Reu­
ters on Monday.
The company may look to
raise ₹5,000 crore to
₹10,000 crore through the
issue and may tap the mar­
ket in the last quarter of this
financial year, the bankers
added.
Jio Financial, which was
carved out of Reliance In­
dustries, is in the process of
getting its credit rating and
other necessary approvals,
they said.
The bankers declined to
be identified as they are not
authorised to speak to the
media, while Jio Financial
did not immediately reply to
Reuters’ email for
comment.
The company, which was
listed in August, plans to es­
tablish itself as a full­service
financial services firm in a
RBI okays RCap resolution,
Hinduja to appoint five
directors post NCLT nod
Anshika Kayastha
Mumbai
The Reserve Bank of India has
granted its approval to
Hinduja Group’s resolution
plan for Reliance Capital
(RCap), paving the way for the
group’s takeover of the latter.
“We convey our no objec­
tion for the proposed transfer
of control of Reliance Capital
Limited, hereinafter called
‘the company’ to IIHL BFSI
(India) Limited (wholly­
owned subsidiary of resolu­
tion applicant viz. IndusInd
International Holdings Ltd.),”
RBI said in a letter to RCap as
accessed by businessline.
“This no­objection is being
granted on the condition that
pursuant to change of control
and management, the com­
pany shall maintain strict
arm’s length distance with re­
spect to any transaction with
IndusInd Bank,” it added.
Hinduja Group is also the pro­
moter to private sector lender
IndusInd Bank.
The central bank has also
accorded its approval to
Hinduja to appoint five direct­
ors on the board of RCap, sub­
ject to NCLT’s approval of the
resolution plan.
5 REPRESENTATIVES
The five representatives of the
Hinduja Group, that have been
approved by the RBI to act as
sure ‘Ease of Doing Business
in India,” an official state­
ment added.
The Incentive Scheme for
the Production of Foreign
Films was announced by In­
dia last year in Cannes, offer­
ing a reimbursement of up to
30 per cent of the expenses
incurred for film production
in the country, capped at ₹2.5
crore.
“This paradigm shift in in­
centivising film production
serves as a testament to In­
dia’s commitment and sup­
port for artistic expression
and reinforces our position
as a preferred destination for
cinematic endeavours,”
Thakur stated at IFFI.
International productions
that have been granted
ively, in September 2023 and
7.05 per cent and 7.00 per cent
respectively during the corres­
ponding month of the previ­
ous year.
The All India CPI­AL and
CPI­RL for October 2023 in­
creased by 15 points and 14
points respectively to stand at
1,241 points and 1,251 points,
respectively.
CPI­AL and CPI­RL were
1,226 and 1,237 points re­
ON TARGET. The
company may look to raise
₹5,000 crore to ₹10,000 crore
through the issue
rapidly growing market, in­
cluding auto, home loans
and other products, com­
peting with the likes of Bajaj
Finance.
“Jio Financial has got a
strong promoter parentage
and it is expected that the
company will automatically
get AAA credit rating,” said
Venkatakrishnan
Srinivasan, founder and
managing partner at Rock­
fort Fincap.
“While the pricing will
depend on factors like tenor
DELHI
businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023
directors, are Amar Chintop­
anth, Shardchandra V Za­
regaonkar, Moses Newling
Harding John, Bhumika Batra,
and Arun Tiwari.
The central bank also said
that any change in the share­
holding of resolution applic­
ant, after the implementation
of the resolution plan, will be
subject to prior approval of the
central bank. It also directed
RCap that a copy of the NCLT
approval, once accorded,
be submitted to the RBI.
NCLT HEARING
“The NCLT hearing for the
resolution plan is on Novem­
ber 29. The main objective of
RBI’s approval has come in and
NCLT has been informed,” a
source told businessline.
The approval has been
pending awaiting Supreme
Court’s decision on Torrent
Investment’s plea which con­
tested the validity of the
second auction held by the
committee of creditors (CoC)
of RCap, and Hinduja Group’s
eligibility to participating in
the second round.
The apex court is next
scheduled to hear Torrent’s
plea on November 21, accord­
ing to sources.
The Hinduja Group is be­
lieved to have raised ₹8,000
crore of the required around
₹10,000 crore, by pledging
shares of IndusInd Bank to
fund RCap’s acquisition.
shooting permission by the
Ministry of Information &
Broadcasting and Ministry of
External Affairs (for docu­
mentaries only) after April 1,
2022 will be eligible for this
incentive scheme.
“The incentives will be
disbursed in two stages i.e.
interim and final. The final
disbursement claim can be
made once the project is
complete in India,” the state­
ment added. Incentives will
be provided on the recom­
mendation of a Special In­
centive Evaluation Commit­
tee. Film Facilitation Office
(FFO) set up under the Na­
tional Film Development
Corporation (NFDC) is ex­
ecuting this incentive
scheme.
spectively in September 2023.
According to the statement,
the major contribution to­
wards the rise in general index
of Agricultural Labourers and
Rural Labourers came from
food group to the extent of
13.20 points and 12.48 points
respectively mainly due to in­
crease in prices of rice, wheat
atta, pulses, vegetables, milk,
onion, chillies (green), mixed
spices etc.
and balance sheet size of the
company at the time of is­
sue, being an NBFC, it will
be 10­20 basis points higher
than RIL.”
Earlier this month, Reli­
ance Industries raised
₹20,000 crore via 10­year
bonds in the largest issue by
a non­financial Indian firm,
paying 40 basis points more
than the government’s bor­
rowing cost.
Ahead of the bond issue,
bankers have recommended
that Jio Financial issue
shorter­term commercial
papers and put bank bor­
rowing lines in places to es­
tablish pricing, said two
bankers.
It has also been recom­
mended to issue bonds not
longer than five­year matur­
ity, according to four
bankers.
“Since the company is
new, the documentation and
compliance will take time,
and we could see them com­
ing in before end of March,”
a merchant banker with a
private bank said.
... . . . . . . ND­NDE
 news . bl . 5
DELHI

businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

QUICKLY.
To cut costs, Dunzo switches
to Zoho from Google suite
New Delhi: Dunzo has migrated all its
employee accounts to Zoho
workspace from Google, to bring
down costs by at least a third. Google
workspace is priced at about ₹1,600
per user each month under the
enterprise plan, while Zoho charges
₹489. A Dunzo spokesperson
commented said,“This migration is
just a regular decision. There were
some teething issues for the first
couple of days, but all of these have
been ironed out now.” PTI
TCS inks pact with ASX for
clearing, settlement platform
New Delhi: Tata Consultancy
Services on Monday said it has
signed an agreement with
Australia’s primary securities
exchange, ASX, to provide
clearing and settlement platform
to the Australian market. ASX will
implement TCS BaNCS for
market infrastructure to enable
the transformation. The TCS
product will be used to replace
ASX’s existing platform for cash
equities clearing and settlement,
TCS said in a statement. PTI
ONDC order volume shot up
to 1.2 m during festival sale
WOOING SELLERS. The network now has 1 lakh sellers, and it adds 4,000 vendors every week
Jyoti Banthia
Bengaluru
The government­backed
Open Network for Digital
Commerce (ONDC) saw an
uptick in order volumes dur­
ing the festival week as it re­
corded 1.2 million transac­
tions in the week leading up
to Diwali across 600 cities,
said Shireesh Joshi, Chief
Business Officer.
The orders were placed
across 600 cities during the
festival week, covering ver­
ticals ranging from food &
beverages, grocery, electron­
ics, and fashion to home &
kitchen, mobility, and health
& wellness.
TRANSACTION GROWTH
The transaction growth seen
during the festival season
was on the back of buyer­side
applications like Paytm, Pin­
code (owned by PhonePe),
Magicpin, and Ola among
others.
“There was an effort to
prompt the users of the buyer
applications that there were
Diwali­related offerings
KEY DRIVERS. Food & beverages led growth, while fashion
picked up after Snapdeal joined the network
available, which hit a new
high during that week. In the
days leading up to Diwali, we
breached 2.1 lakh orders per
day,” he said.
Food and beverages drove
the growth, while fashion as a
category picked up on the
network after Snapdeal
joined the network, he added.
The bulk of the orders came
from Bengaluru, Delhi, Mum­
bai, Hyderabad, and Pune.
The ONDC monthly
transaction has jumped from
12,281 transactions in Janu­
ary to more than 6,08,307 in
September. “ONDC is
already clocking on average
50,000 plus a day and would
like to hit a lakh a day as a reg­
ular practice,” he added.
GIFT CARD
Gearing up for festival sea­
son, ONDC launched a net­
work­level gift card in
September to empower com­
panies for corporate gifting
and employee engagement.
The card enabled consumers
to shop across thousands of
sellers on the network, using
any ONDC­enabled buyer
ONDC looks
to bring financial
products such as
insurance loans and
mutual funds
and expects to
go live in the
next 2­3 months
applications. Unlike tradi­
tional gift cards tied to a spe­
cific brand or platform, the
ONDC Network Gift Card al­
lowed consumers to choose
from a range of products and
brands, spanning categories
such as food, fashion, elec­
tronics, and home and kit­
chen essentials.
The network currently has
one lakh sellers, and it adds
3,000–4,000 sellers every
week across categories.
MORE PRODUCTS
The network looks to bring
financial products such as in­
surance loans and mutual
funds and expects to go live
in the next two to three
months.
Wyndham Hotels and Resorts to
introduce Vienna House in India
Forum Gandhi
New Delhi
US­based Wyndham Hotels &
Resorts plans to introduce its
European brand Vienna
House in India mid­next year.
By 2025, the hotel company
will take the count of its total
hotels from 60 to 100.
“We’re the world’s largest
hotel franchisor and aim to
replicate our success in India.
By 2025, we will have 100 ho­
tels in India. With a robust
pipeline and optimism fuelled
by substantial infrastructure
development, especially in air­
ports, roads, and ports, we an­
ticipate significant growth in
the hospitality sector across
cities in the next five years.
Our enthusiasm extends not
just to business prospects but
also to the people of India,” Di­
mitris Manikis, President for
Europe, the Middle East,
Eurasia, and Africa (EMEA),
Wyndham Hotels & Resorts,
said in an interview with
businessline.
Wyndham has 60+ hotels
with over 5,333 rooms opera­
tional in India. It has 35 hotels
with over 3,116 rooms under
development, operation in 36
cities in India. Globally, the
company has around 9,100 ho­
tels across 95 countries on six
Dimitris Manikis, President for
EMEA, Wyndham Hotels &
Resorts LINKEDIN
continents. The company op­
erates a portfolio of 24 hotel
brands. In India, it has eight
brands.
OTHER BRANDS
On the other brands the com­
pany plans to bring to India, he
said, “Every brand is signific­
ant, but our recent acquisition,
Vienna House, holds a special
place in my vision for India. I
believe its unique style,
coupled with the grandeur of
our recent addition,
Wyndham Grand (opening in
2025), will resonate well with
Indian consumers and attract
inbound tourists from Europe.
Despite having other impress­
ive brands in our portfolio, Vi­
enna House and Wyndham
Grand are particularly exciting
prospects for growth in India.”
Last year, Wyndham ac­
quired the Vienna House
brand from Berlin­based HR
Group. The acquisition added
28 hotels in Germany, further
cementing Wyndham’s
foothold in one of its largest
European markets with 120
franchised hotels and more
than 19,000 rooms, while also
expanding across surrounding
countries.
POTENTIAL IN INDIA
Speaking about the potential
in India and the company’s
strategy, Manikis added that it
largely focuses on broader dis­
tribution beyond major cities,
emphasising tier two and tier
three cities, aligning with in­
frastructure development.
“Key areas include religious
and wellness tourism, with
strategic positioning at signi­
ficant pilgrimage sites.”
Further, anticipating a
surge in global interest, “we
target inbound tourism, lever­
aging the Wyndham Rewards
programme to showcase In­
dia’s beauty. Actively engaging
the Indian diaspora in the U.S.,
we seek support for India’s
growth and encourage hospit­
ality investments. This multi­
faceted approach aims for sus­
tainable growth, emphasising
regional expansion, cultural
tourism, global outreach, and
diaspora connections over the
next five years,” he explained.

IT development, automotive design, TRAI to recommend satcom spectrum

ERP are high­demand skillsets: Quess
Our Bureau
Bengaluru
During the second quarter of this
fiscal year, 65 per cent of the total
demand originated from the top 5
skill sets: development, ERP,
automotive design, testing, and
administration, according to
Quess.
In addition to these functional
skill suites, incremental demand
for skills related to Gen AI, Data
Science, DevOps, Cloud, Auto­
motive Engineering, Cyber Se­
curity, Networking Specialists,
and more was also noted.
However, hiring remains
muted as organisations have ad­
opted a wait­and­watch approach
considering geopolitical ten­
sions, putting a hold on discre­
tionary spending.
“Large IT services companies
have shown a decline in head­
count and reduced guidance val­
ues, signalling a collective exer­
cise of caution in navigating the
future. We believe this uncer­
tainty will continue for a quarter
or two before the next uptick be­
gins,” said Vijay Sivaram, CEO of
Quess IT Staffing.
On the bright side, the GCC
ecosystem is growing exponen­
tially, and with the advent of Gen
AI, it is expected that the integra­
tion of additional tech in the In­
dian IT space, which holds con­
siderable long­term potential.
Q2 FY24 saw strong demand for
developers proficient in over
100 tech proficiencies
“Opportunities abound for those
who invest in upskilling, with a
notable shift in the way busi­
nesses operate, as over 85 per
cent of Indian businesses plan to
invest in AI within the next two
years,” added Sivaram.
In Q2 FY24, there was a strong
demand for developers proficient
in over 100 technical proficien­
cies. Mature skills such as Java
and NET continued to dominate,
with high demand in the banking,
consulting, technology, telecom,
and automotive sectors.
According to Quess, there is a
noticeable uptick in fresher de­
mand within sectors such as en­
gineering, manufacturing,
healthcare, and retail. Skills per­
taining to data engineering, de­
velopment (Java, Angular), ERPs,
Power BI, network engineering,
cybersecurity, and UI/UX are par­
ticularly sought after among early
allocation after Chairperson appointment
Press Trust of India
call will be taken by the Chairperson,”
a senior TRAI official said. The Depart­
career professionals. Further­ New Delhi ment of Telecom had invited applica­
more, we see a positive trend tions for the post in June and the last
where many prominent techno­ The Telecom Regulatory Authority of date for the same was in August.
logy, consulting, and FMCG com­ India (TRAI) will issue its recom­ A DoT senior official, who did not
panies are increasingly introdu­ mendation on satellite spectrum alloc­ wish to be identified, said that the pro­
cing specialised early career ation methodology and other pending cess was completed in time and only a
programmes aimed at empower­ matters after the appointment of a decision with regard to the appoint­
ing recent graduates and enhan­ regular chairperson, an official source ment of a new Chairperson is awaited
cing their professional, business, said. The position of TRAI chairperson from the higher authorities.
and technical skills. has been vacant since October 1 after TRAI is also working on key subjects
the tenure of PD Vaghela ended in including framework for allocation of
CITY­WISE TRENDS September. spectrum in E and V bands where tele­
The hiring demand in India is rel­ TRAI member Meenakshi Gupta is com players and internet firms have
atively concentrated, with the top handling the additional charge of been at loggerheads over methods to
5 cities accounting for over 79 per chairperson of the regulatory body. allocate spectrum.
cent of all job postings. However, “TRAI Chairperson will decide on At present, there are eight consulta­
the rapid development of infra­ the recommendation. We are almost tion papers that are open and TRAI has
structure, skill diversity, remote ready with recommendations on satel­ been extending timelines for submis­
work, and governmental initiat­ lite spectrum allocation but the final sion of comments from stakeholders.
ives such as smart cities have en­
abled an upswing in hiring across
Tier 2 and 3 cities, particularly
cities including Ahmedabad,
Mysuru, Jaipur, Indore, Coim­
batore, Kochi, and others.
Further, the country has seen
new tech hubs emerge in cities in­
cluding Pune, Hyderabad, Mum­
bai, Chennai, and the NCR. This
shift is driven by their flourishing
tech industries and the presence
of both domestic and interna­
tional companies.
Quess Corp. launched the
Skills Report, offering insights
into the technology skills en­
abling the future of work in India.
This report is based on Quess IT
Staffing’s operations data, which
maps demand and supply in our
talent ecosystem.

‘Start­up valuations more palatable in India’

bl interview are also favoured. We have made
one exit through the acquisition
route and are waiting for IPOs in
Haripriya Sureban some of the start­ups from our
Bengaluru second fund investments.

Rocketship.vc, a Silicon Have valuation corrections

Valley­based venture capital firm
with multiple investments in
India, is bullish about its prospects
in the region and on finding
qualitative start­ups for its
investments. It is currently
deploying its $100 million second
fund for its investments, besides
beginning to dip into its $125
million third fund.
NoBroker, Khatabook, Moglix,
Apna, Teachmint and Agnikul are
some of its notable investments in
India.
Madhu Shalini Iyer, Managing
Partner of the VC firm, spoke
with businesslineon the fund’s
investment strategy, the funding
environment, and valuation
corrections. Excerpts:
What is your investment
thesis?
We are a data­driven fund; we find
companies through algorithms
and underlying data.
Our database has over 50
million companies, out of which
we surface 150–200 companies and
do an outbound. India represents
20–30 per cent of the pipeline, and
this proportion has reduced now.
If earlier we saw 50 per cent of
the companies from the pool, we
now see 35–40 per cent. However,
the quality of start­ups is better
now.
CM
YK
We are a data­driven fund;
we find companies
through algorithms and
underlying data. Our
database has over
50 million companies,
out of which we surface
150–200 companies
and do an outbound
MADHU SHALINI IYER
Managing Partner
Rocketship.vc
Interesting sectors, cheque
size, and exit route?
We are seeing opportunities in
start­ups across the segments of
D2C (direct­to­customer), B2B
(business­to­business), B2C
(business­to­customer),
deep­tech, fintech, space­tech, and
climate, among others. Our cheque
size is in the range of $1–6 million.
We do seed and Series B
investments, and our preferred
entry level is Series A. Ideally, an
IPO (initial public offer) is the exit
route we prefer, while acquisitions
bottomed out, and can this
boost investment
momentum?
In India, the valuations are highly
palatable now, while in the US, the
valuations in some sectors remain
high. But I don’t think the fund
worries about valuations, and we
do not try to nickel­and­dime
founders on valuation. Valuations
honestly doesn’t matter if a
company has a great idea that can
go a long way and has a good
execution model.
Some of the start­ups you’ve
invested in have made
layoffs. How do you see their
trajectory?
The advice for founders is to focus
on pursuing a good idea with a
strong foundation rather than
worrying too much about
macroeconomics.
It isessential not to hold back on
growth or conserve cash during
challenging times, but instead
build the business according to
market demands with clever
adaptation and awareness of the
economic climate.
Limping along conservatively
can hinder success, so the
emphasis is on building to win,
playing to one’s strengths, and not
being overly fearful of
macroeconomic conditions.
... . . . . . . ND­NDE
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businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

TUESDAY ­ NOVEMBER 21, 2023

MADAN SABNAVIS

Cricket, the winner

S
overeign gold bonds (SGBs)
were introduced in the
country in FY16 against the
A superb World Cup has infused new life into ODIs backdrop of a forex crisis,
which was fuelled partly by

T he ICC World Cup 2023 witnessed the high gold imports.

highest standards of cricket. In the upsets, The idea of SGB is simple. If people
wish to hold gold as investors, the same
heroics and sheer sporting excellence that can be provided through SGBs, which do
it had to offer, this World Cup stands out as among not entail any physical import of gold.
the best. To borrow a cliche, the winner was the This way there would be a reduction in
gold demand as the same advantage
game, not just the feisty Australians. The accrues to the buyer of the bond.
tournament has provided a lease of life to one­day This was topped with an assured PTI
return of 2.5 per cent on the principal,

India wants gold,

cricket, which seemed to be turning into a poor
cousin of the T20s.
India were superb all through, with Virat
Kohli and Mohammad Shami playing out of
their skins, Rohit Sharma showing
excellent leadership skills besides giving
rousing starts, and KL Rahul and Shreyas
Iyer playing key roles. If it was a heartbreak
at the finals for millions of Indian fans all
over the world, it was because Australia
reserved its best, as always, for the last. The
Afghanistan­Australia match captured the
spirit of the tournament. Australia were
staring down the barrel at 91 for 7 and then
Glen Maxwell played an innings for
posterity. There was no turning back for
Australia after that. But Afghanistan and
The Netherlands lit up this tournament
with their spirited performance. This
festival of cricket has shown that ODIs are
not a dull affair, particularly when the
bowling is top class. For the discerning,
there are nuances on offer in this format
which the T­20 lacks with its uniformly
blistering pace.
But more needs to be done to keep ODIs
going, and expand the outreach of the game
itself. One way forward is to have more
tournaments featuring just the top teams to
revive spectator and advertising interest.
The revival of the ICC Champions Trophy
to be held in 2025 in Pakistan, which
features eight teams, could help. That said,
it is best to have more participants in the
long run. It is just as well that the next
World Cup in Africa is expected to feature
14 teams, against 10 this time.
But there can be no getting away from
the fact that India is the game’s biggest
money­spinner, and sadly the only one.
According to reports, India will corner over
38 per cent ICC’s revenues for the 2024­27
period, or about $230 million per year.
Australia and England come way below at
6.25 per cent and 6.89 per cent,
respectively. BCCI’s pitch here is
straightforward: the viewership on air and
on the ground is strongly linked to India’s
presence. Disney Hotstar, the official
broadcaster, is estimated to earn ₹3,500
crore in ad revenues. The Big Three will
have to play more tournaments in newer
countries, with their respective boards
managing the players’ workload well.
Unlike football, cricket still draws its
sustenance as a game played between
countries; an IPL cannot match the stature
of a World Cup. But league cricket can be
used as a stepping stone elsewhere. The
BCCI can take the initiative, along with
ICC. Cricket has the funds to grow to newer
realms. An exciting World Cup has created
that possibility — even as Kenya, Ireland,
Namibia, Zimbabwe and sadly, the West
Indies missed out on this one.
POCKET: Lending 2.0
besides capital gain that would be driven
by market forces over a period of time.
The underlying premise was that
people bought gold as it is considered to
be a safe investment as the price of gold
normally appreciates in the medium
term. The SGB, which was denominated
in rupees and directly linked to the
domestic price, would not involve
physical handling, storage or insurance
cost.
More importantly, the bond is issued
by the sovereign and carries zero risk of
default. Logically this was a perfect
product to steer people away from
buying gold for investment purposes.
The SGB should have been an
unqualified success if the prime
motivation to hold gold was for
investment purpose. Since the SGB was
launched, a total of 122 tonnes of gold
equivalent bonds were issued over an
eight­year period.
The quantity purchased increased
after the pandemic when those who
invested in gold found this beneficial.
The price of gold had also risen sharply
when the lockdowns were imposed
across the world and provided a fillip to
the market.
This was a boom period, where gold
was preferred as it was seen as a safe
haven in uncertain times.
However, while 122 tonnes may
sound impressive, the physical volume
of gold that was imported during this
period was 7,003 tonnes.
This means that the quantum of
bonds issued was for an equivalent of 1.8
per cent of total imports in the last eight
years or so (see Table).
The quantum of gold imported fell in
2020­21, which was also the period when
there was an increase in SGB
subscriptions, albeit at a low level. This
was due to the lockdown, when there
were physical restrictions on trade
across the world.
GOLD RETURNS
Imports peaked again in 2021­22 before
declining, as the price of gold also
remained largely stable. Interestingly,
for these nine years, the CAGR of gold
price was only about 6.8 per cent. This is
almost the same as the average inflation
What RBI’s hike in risk weights mean to borrowers?
Given that credit demand has been buoyant irrespective of interest rate charged an immediate curb in growth is unlikely
bl explainer
Hamsini Karthik
What are risk weights?
Every rupee lent by the bank is a cost or
has an implication on its capital
position. Depending on the nature of the
loan and the inherent risk associated
with it, risk weights are attributed.
Banks have to ensure that their capital is
enough to cover these risk weighted
assets.
Total assets as disclosed in the
financials and total risk weighted assets
are different things. Each asset class has
RAVIKANTH varying risk weights. For instance, risk
weights for home loans could range
from 50 per cent to 75 per cent, for gold
loans it is 75 per cent. Corporate loans
are charged 100 per cent given the risk
they carry.
How do they affect borrowers?
Lower the risk weight, lower the rate of
interest. This is the thumb rule.
not gold bonds
ALL THAT GLITTERS. Gold in India is bought as store of value,
not an investment. Gold bonds, gold ETFs do not fit the bill
for the period and lower than the stock
market returns, which grew 12.3 per
cent.
Does this mean that the main purpose
of SGB has not been achieved? The
answer seems to be in the affirmative as
the interest in these bonds has been
limited. The reason is not hard to guess.
First, the demand for gold or jewellery
will rarely come down as it is
traditionally bought as a store of value
and kept in the locker or house.
This is part of the custom in Indian
households, where gold is held for
security as well as prestige, which is also
the case with property. The difference is
that while a dwelling may be used for
residence or rental purpose, gold has no
such value. Therefore, holding SGB is
not really an alternative when there is an
inclination to hold the physical metal.
Second, holding gold in physical form
has the advantage of anonymity. This is
not possible with SGB where the KYC
norms are applied and followed as they
are issued by the RBI through banks.
Buying the physical form of gold and
holding in the house or bank locker
scores over the bond as there is no trail
left for the taxman. Besides, gold has the
‘snob’ value, to impress neighbours and
relatives.
GOLD ETF
Third, gold ETFs too have not done as
well as expected, even though there has
been a steady growth in the assets under
management (AUM). As of March 2016,
the AUM was ₹6,346 crore, which
increased to ₹22,737 crore in March
2023. As a proportion of total AUM for
Therefore, risk weights impact
borrowers indirectly and is felt through
the pricing of loans.
For instance, home loans have the
lowest interest rate among retail
products because lower risk weights
allow banks to pass on the advantage of
capital consumption. Personal loans and
credit cards have the highest interest
rate because of their tenure and charge
on capital.
What did the RBI do last week
with risk weights?
The regulator increased the risk weight
on categories of unsecured loans namely
credit cards, consumer durable loans
and personal loans. Bank lending to
non­banking finance companies which
are catering to this segment will see an
increase in risk weights to 125 per cent
as against the present 100 per cent.
Why is the RBI worried about
consumer loans?
For the banking system, share of
unsecured loans has risen to 10 per cent
Buying the physical form
of gold and holding in the
house or bank locker
scores over sovereign gold
bonds as there is no trail
left for the taxman.
mutual funds, the ratio remained
virtually unchanged at 0.5 per cent.
Gold ETFs carry the same advantages
of SGBs without the fixed interest of 2.5
per cent. Though gold ETFs are
managed by mutual fund houses, they
have not been a preferred avenue of
investment. Therefore, the financial
alternatives have not quite matched the
appeal of physical holding of gold.
It must be noted that there is already a
PERSONAL LOANS. Causing concern
GETTY IMAGES
and has been the fastest growing
segment in the last two years. These
loans are including consumer durable
loans, largely used for self­consumption
or to acquire non­income generating
assets.
Since it is not possible to monitor the
end use of these loans, the true
repayment ability of the borrower
cannot be ascertained. The saving grace
is that these loans are granular or
vibrant futures market for gold
derivatives on MCX. Hence those who
are in the market as traders are already
doing so in the futures market with the
option of taking delivery, though is not
preferred in practice. SEBI has also
brought in the concept of electronic gold
receipts (EGRs) which is an electronic
version of spot trading where gold can
be dematerialised by placing in an
accredited vault. Trading will be in
demat mode, just like shares, with the
option to convert to the physical mode
anytime by exchanging the EGR.
The government has made several
attempts to wean away people from
physical gold to financial instruments
that give the same benefits as the
former. In fact, it could be a more
efficient and safe way of holding gold.
Yet, the progress has not been good
except for the derivative segment on
MCX which is admittedly more for
trading.
Here it is necessary to identify the
buyer of gold from the perspective of
being a saver or investor. An investor
would find financial instruments
including SGB attractive. But at the
household level, gold is held more as a
form of saving, in which case the
financial options are not really an
option.
Also, in conventional Indian
weddings, it’s common to see brides
decked in gold jewellery. Getting
families to accept EGR/SGB as an
equivalent seems far­fetched for now.
The writer is Chief Economist, Bank of Baroda. Views
are personal
small­ticket in nature and have not
reached a stage where it could be a
threat to the banking system.
However, considering that the growth
in this segment has been
disproportionately high, the regulator
may have wanted to nip the problem in
the bud before it can get out of hand.
What will be the impact of this
move on retail loans?
The new risk weight limits could
consume 35­100 bps more capital than
the current level. However, since the
lenders are well capitalsed (at least
400­500 bps above the eight per cent
statutory threshold), the need to raise
money in the near term may not arise.
PSU banks on the other hand may be just
over 100­140 bps.
That said, until now, given that
demand has been buoyant irrespective
of the rate of interest (including loans
availed through fintech apps), they may
not curb growth immediately, though
the overall pricing power of banks will be
closely watched.

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

The last stumble
This refers to 'Australia wins sixth
World Cup title after Head’s
hundred sinks India' (November
20). Australia winning the World
Cup for a record sixth time smashed
the hopes of 1.4 billion Indians.
The Indian bowlers lost the steam
after scalping three wickets for just
47 runs.
Travis Head and Labuschargne with
their astute game plan turned the
tide. But it was the endless hype and
law of averages that hit Team India
But in the end Australia thoroughly
deserved its victory.
SK Gupta
New Delhi
The freebie menace
The article, ‘Illusionary benefits of
freebies’ (November) presents
facts which the provider as well as
the beneficiaries are aware of. But
some facts are missing in the
analysis. First, none of the freebies
are demanded by voters.
Political parties, indulging in
competitive populism, offer
freebies to lure voters, which is why
their viability is never explained to
voters. Nothing comes free as
freebies are often funded by the
resources collected from the same
beneficiaries.
The AP government is taking more
from people by hiking power tariff,
bus fare, property tax. Though
there is no loss to government,
huge resources lost due to
concessions, exemptions, and loan
waivers?
AG Rajmohan
Anantapur
US­China ties
Apropos, Editorial ‘Chinese
checkers’, (November 20). The US
President Joe Biden and Chinese
President Xi Jinping reportedly
discussed the wide range of issues
from Taiwan to the South China Sea,
the wars in Ukraine and the Middle
East, economic relations,
military­to­military communications,
artificial intelligence, and the opioid
epidemic.
The scope of the agenda reflects the
perilous state of the world and the
importance of a functional
U.S.­China relationship to addressing
international challenges or at least
ensuring they do not get worse.
Viewed from another perspective,
though, the low expectations that
both sides set for the meeting is a
stark reminder that the world’s two
largest economies disagree on nearly
all the issues.
Biden’s reiterating comment that Xi
is a dictator, in the solo press
conference is seen as casting a
shadow over a tentative progress in
advancing dialogue between two
powerful nations.
N Sadhasiva Reddy
Bengaluru
‘Attritional’ woes
This refers to ‘RBI takes stock of high
attrition in private banks’ (November
20). The banks mentioned are high
end private sector banks which have
cutting edge technology in handling
routine banking operations.
The reason attributed to attrition is
'work pressure'. Most private
bankers employ highly qualified
MBAs who just gain basic experience
and tend to switch over resulting in
sudden vacuum. Bankers need to
have a pragmatic review of their
recruitment policy giving preference
to graduates and post graduates who
will stick on to their job. It is
surprising to note that the private
bankers have requested the
regulator to come forward in
suggesting streamlining of the
workload at the branches.
It is the job of respective Business
Re­engineering departments
overseen by CFOs and CEOs in
reviewing, defining a new workflow
and not that of the regulator.
Let the banks focus on core business
of only accepting deposits and
lending money and let subsidiaries
deal with allied business operations.
RV Baskaran
Chennai

Published by Nirmala Lakshman and Printed by S. Ramanujam at HT Media Ltd. Plot No. 8, Udyog Vihar, Greater Noida Distt. Gautam Budh Nagar, U.P. 201306, on behalf of THG PUBLISHING PVT LTD., Chennai­600002. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 ­ 7528

CM
YK . . . . . . . . ND­NDE
 think . bl . 7
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businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

Don’t trivialise penalties

They shouldn’t be reduced to mere line items
Tightening the
screws on wilful
R Anand

T
he RBI recently levied
penalties on Axis Bank
(₹90.92 lakh),

Manappuram Finance (₹42.78
lakh) and Anand Rathi Global
Finance (₹20 lakh) for various
types of transgressions. This
brings to spotlight the efficacy
and impact of penalties in
improving the overall compliance
ecosystem.
Back in 1986, in my first job, I
was witness to a chief accountant
being shunted out for the sole
reason that he had slipped in
estimating the correct advance
tax to be paid and saddled the
company with an interest burden
of ₹46,876. Much water has
flowed under the bridge from
1986 to 2023, and it is time for an
objective evaluation of the cause
and effect of penalties and the
message that it conveys to the
INDIA INC. Strive for zero penalty
they are overburdened with too
many regulations, but have no
choice but to fall in line. Breaches
if any would be analysed but not
at the expense of foregoing a
night’s sleep. The biggest
challenge faced by regulators and
corporates is to embrace
regulations not with an
adversarial approach but more in
the spirit of a business necessity
and a key adjunct to foster growth
with necessary speed breakers.
defaulters
DEFINING STEP. The RBI’s draft ensures that individuals
responsible for the default are penalised, while providing the
entity a new start on successful resolution under the IBC
borrowers to be heard under the RBI five­year bar on extending credit for new not absolve the management from
framework, 2016 was challenged before ventures is a notable change, implying a criminal proceedings and is in line with
the Telangana High Court which longer­lasting impact on borrowers. It Section 32A of the IBC, 2016.
stressed the importance of a “prior also denies wilful defaulters opportunity The Draft strengthens borrowers’
hearing” for classifying borrowers as for credit facility restructuring. Lastly, accountability, requires banks to
ANANT MERATHIA wilful defaulters, recognising the severe lenders can initiate legal and criminal disclose information about large
implications of such classifications. It proceedings and impose penal charges defaulters on their websites and in

world at large.
Corporate India, particularly
in the financial services sector, is
now besieged by a plethora of
regulations to be complied with.
An army of people is deployed to
understand the various laws,
regulations and circulars and
brief the audit committees and
the Board on a regular basis.
Despite multiple level checks and
balances there have been
breaches in regulatory
compliance, both in letter and
spirit. And this despite robust
technology backed compliance
tracking systems being in place.
Are too many regulations making
it virtually impossible for total
and accurate compliance? The
answer would a bit of “Yes” and
more of “No”.
THREE CATEGORIES
There appears to be lack of full
awareness of the implications of
the regulations and circulars. In
the process, house­keeping
niceties are sacrificed. Corporate
India can be bucketed into three
categories. The top 10 per cent
will be obsessed with compliance
and invest heavily in this area
with a zero tolerance to breaches.
In this category, for every ₹1
penalty there will be an agenda
item with a one hour discussion
at the Board meeting. There is
another 10 per cent category
which will evaluate the
cost­benefit of every regulatory
compliance and take aggressive
positions on the basis that
breaches will be dealt with on the
“we will cross the bridge when we
come to it” approach.
In tax matters the issue is
further complicated since
interpretation of the law lends
itself to use and abuse and the
time factor involved results in
huge interest payments.
Penalties are levied for
concealment and wilful defaults,
which are a parallel track of
litigation. These penalties are
again subject to the main issue
being litigated getting resolved
by the highest court. While
penalties levied by the RBI can
hurt the financials as also cause
some damage to reputation, tax
penalties are generally parked in
contingent liabilities not
provided for.
There is also the view that too
frequent levy of penalties will
take the sting out of “reputation
damage” and reduce it to another
normal occurrence. Is there a
case for tweaking the
nomenclature of penalties into
two parts? Any breaches that are
minor can be termed
“non­compliance levies” and
serious defaults can be termed
“penalties”. This will at least
separate the chalk and the cheese
and enhance the stature of the
term “penalty” rather than
undermine it.
The last thing that we should
reconcile with is to accept
penalties imposed as mere line
items. It cannot be reduced to yet
another element of cost of doing
business. What we should
collectively aspire is to have
optimum regulations that are
clear and understandable and to
be complied as a matter of course.
It is important to set a target of
T
he RBI, in September,
released the Draft Master
Direction on the Treatment
of Wilful Defaulters
expanding the very
definition of wilful defaulters, and
mandating lenders to complete
identification process within six months
of loan being classified as
non­performing. The Draft has
significant implications for both, Indian
financial institutions and the business
fraternity. It is designed to address
issues related to wilful/large defaulters,
aiming to strengthen the credit
discipline among borrowers while
safeguarding the interests of banks and
financial institutions. It applies to banks,
non­banking financial companies
(NBFCs) and other all­India financial
institutions.
India’s banking sector faced a
significant challenge in the form of
rising NPAs (non­performing assets) in
the last decade. The mounting stress on
banks’ balance sheets posed a threat to
financial stability and necessitated
regulatory intervention. In February
2016, the RBI introduced a framework
(Master Directions on Frauds) for
dealing with wilful defaulters which
essentially provided guidelines for
identifying and reporting wilful
defaulters and further laid down
punitive measures for such borrowers
and their promoters.
The exclusion of right of the
Sathya Saran
ruled that the “right to be heard (audi
alteram partem)” should be integrated
into the RBI framework, ensuring
transparent and reasoned decisions to
prevent arbitrary actions.
As a result, the court overturned the
decisions of the Joint Lenders Forum
(JLF) and the Fraud Identification
Committee (FRIC), deeming them
arbitrary and contrary to the principles
of natural justice and the matter then
went to the Supreme Court, which
finally ruled that such actions taken by
banks such as classifying a borrower’s
accounts as fraudulent, have criminal
and severe civil implications, effectively
blacklisting borrowers.
Therefore, the principles of natural
justice, specifically “the right to be
heard” as ruled in State Bank of India &
Ors. v. Rajesh Agarwal & Ors was factored
in by the RBI in the present Draft along
with stricter measures for dealing with
wilful defaulters and there is emphasis
on prompt action.
REVISED CREDIT FACILITY
The revised framework represents a
departure from previous practices in
several ways. Firstly, it extends the
prohibition on additional credit
facilities for wilful defaulters up to one
year after their removal from the List of
Wilful Defaulters (LWD), whereas the
previous practice didn’t indicate such a
specific timeline.
Secondly, the introduction of a
Living­in. The dos and the dont’s
thereby adding a more punitive
dimension.
When a resolution plan is successfully
implemented, firstly the wilful
defaulter’s name is removed from the
LWD and, secondly, the penal measures
shall not apply to the entities/business
enterprises after the said
implementation under IBC or the
prudential framework. However, it is
crucial to highlight that these criminal
measures continue to apply to the
former promoter(s), director(s),
guarantor(s), or people formerly
responsible for managing the
corporation or commercial venture.
This method varies from prior
practises in that it distinguishes
between the enterprise and its
management, ensuring that sanctions
are levied on persons responsible for the
default while providing the entity a new
start following successful resolution
under the IBC or the prudential
framework. This is another strong and
good message to the industry that mere
resolution of distress of a company does
The introduction of a
five­year bar on extending
credit for new ventures
is a notable change, implying
a longer­lasting impact on
borrowers.
trips together…and alone. Do fight,
argue, but clear the air.
annual reports enhancing transparency
and additionally, aligning with the
objectives of the IBC, providing a legal
framework for timely resolution of
defaults. The Draft encourages banks to
adopt preventive measures such as
robust credit risk assessment and early
warning systems. This proactive
approach may help in identifying
potential defaulters before they become
a significant risk.
The argument against a strong
initiative like this would be that the
definition of default in the draft may be
too stringent, potentially burdening
borrowers who are facing temporary
financial difficulties but have the
capacity to recover. This may discourage
lending and hinder economic growth.
Some believe that the Draft’s provisions
for restricting promoter access to
capital markets and directorship
positions could be overly punitive and
have unintended consequences, such as
deterring entrepreneurship and stifling
corporate growth.
Stringent actions such as these could
be momentarily seen as being against
the spirit of entrepreneurship, etc., but
it’s better to ensure that “financial
discipline” and “accountability” to
stakeholders become a part of
entrepreneurship in India and it will
certainly have long­term benefits.
The writer is a practising Advocate in the Madras High
Court
Do not let his family judge you. And
do not judge his. Do not let his family

W
The rest 80 per cent are the zero penalty for Corporate India. e agree, marriage is for the
so­called “cautious compliers”. birds; and except for
They will keep lamenting that The writer is a chartered accountant exceptions like the crows and
vultures, eagles and cranes who mate
for life, most birds know better. What
with all the swipe­ing left and swipe­ing
businessline. right, it’s more about
bed­fellows­well­met, and no thought
of the ever­after.
TWENTY YEARS AGO TODAY. Yet, conditioning can’t be denied.
And sooner or later the moving­in
November 21, 2003 happens. Living­in is the new
buzzword, and even parents who see
BPO sector may witness a few IPOs next year marriages melting faster than ice in the
Some of India’s business process outsourcing (BPO) companies may go public Antarctic are beginning to turn a blind
next fiscal as their revenues swell to a critical size, costs are well controlled and eye. Or nod approvingly, and hopefully.
profits surge. Top tier BPO companies have managed to stabilise their billing But believe me, the
rates and improve profit margins, despite perpetual problems such as large no­strings­attached state of bliss comes
scale attrition and cut­throat competition. with its own strings. That, often, for a
woman, can be tied to an anchor. Not
SEBI reduces time period for book closure the kind that moors you. But the kind
The Securities and Exchange Board of India (SEBI) has reduced the time that drags you to its depths.
period for record date and book closure with immediate effect. SEBI said the So, from the wisdom of the wise,
notice period had been reduced to 15 calendar days for demat scrips from the those who have lived­in and learnt,
current 30 days; in the case of physical securities, the period had been reduced some words of…well… advise:
from 42 days to 21 days.
A LOOK AT THE DOS
IBA group to study PLR issues Do hold your own. Which means, hold
The Indian Banks’ Association (IBA) has decided to form a group to study the on to what you enjoyed in your single
draft guidelines and related issues of the benchmark prime lending rate (PLR). state: me­time, financial independence,
The RBI had suggested in the latest Credit Policy that the IBA look into the your pet hobbies et al. Do keep finances
issue and charter a roadmap for banks to arrive at a benchmark PLR
MARRIAGES. Melting faster than ice
separate. If you do start a joint account
for convenience’s sake, ensure it
remains strictly utilitarian. The rest of
your money is yours. In your name, in
your account.
Do keep in touch with family. They
are your safe harbour. Unless, of course
you have been disinherited/ostracised/
pronounced dead by them. Still, keep
the lines open.
Do your bit; phone messages and
emails work well. Even if they don’t get
responses. Do go out with friends. With
and without partner in tow. You are,
technically, still a free bird, remember?
Do share work stories with partner.
Helps keep perspective. His. That you
have other orbits beyond his.
Take one day at a time. That way the
years ahead will (hopefully) take care of
themselves. Do take time off for fun
Do compromise on food likes and
dislikes. It’s part of the fun of a
relationship.
Do learn something together. Helps
teach you to support each other. Do talk.
On everything that concerns
everything, but particularly your lives.
NOW FOR THE DONT’S
Do not get pregnant. Well, at least not
till you both want you to, have thought it
out, and can follow through on the line
of thinking.
Do not give in to role playing… you
are not a wife, he is not a husband. And
that was a conscious decision.
Yours…plural. Remember it. Do not let
him role play. By making you
accountable for his clothes, keys,
notes… you know the drift… you are not
his mum, either.
Do not buy expensive stuff for the
‘love­nest’. That’s for the married types,
if they plan to stay married. Do not bring
family peeves into the home. ‘Your
mum’, ‘my Dad’ and the rest of the clan
is a red flag. Such plaints best avoided.
Do not nurse grudges. If you could
discuss ‘not getting married’, you can
discuss irritations, anger issues…Do not
let resentment simmer.
invade your life. Adopt you, patronise
you. You have not married him; so his
family has no rights on how you should
behave with him/them.
Do not feel insecure. Or make him
feel insecure. You made a conscious
choice after all. Do not let the romance
die. Work at keeping things fresh.
(Easier said than done, though, but not
impossible.)
Do not forget that living together
does not mean you won’t have leaky
taps, fused bulbs, washing and cleaning
and dusting. Work out the details of
who does what, and when.
Enough now with the instructions.
No, they are not coming from a
one­sided, feminist point of view. Just
that women tend to start off as
independent and self­reliant, but along
the way, start becoming pliant as
doormats, courtesy (a) love; (b)
conditioning; (c) insecurity; (d) genetic
makeup (tick any applicable and be
warned.)
Alittle awareness, we are told, goes a
long way. PS: Married people are
allowed to read this. It works just as well
for them.
The writer is a Consulting Editor with Penguin India

BL TWO­WAY CROSSWORD 2316 EASY NOT SO EASY

ACROSS
1. Those rung for marriage
service (7,5)
8. An unlikely bet (4,4)
9. Double­reed instrument (4)
11. Relaxes (5)
12. Language; (billiards, US)
side (7)
13. Bunch of hair (4)
15. Drug­taker (4)
19. Remains from fire (7)
20. Ducts (5)
22. Taverns (4)
23. Seppuku, ritual
suicide (4­4)
24. Natural talent for growing
things (5,7)
DOWN ACROSS DOWN
2. Eagles (5) 1. Beautiful bridesmaids, one hears, need ringers (7,5) 2. Eagles found among the brighter nestlings (5)
3. Leave off doing (6) 8. Distant point aimed at to give one an outside chance (4,4) 3. Don't go on turning in side street (6)
4. Hanging loops (6) 9. Ring, ring and be around, blow it! (4) 4. Facial features with a ring in them may be fatal (6)
5. Vestibules (7) 11. Rags one topless and slackens off (5) 5. Seeks to win over opinion so Bible can be put to it (7)
6. Minced meat, potato 12. It is 14­point type that we speak (7) 6. Crooked people with something crusty to make a
dish (9,3) 13. What Miss Muffet sat on lacked iron, being made meal of (9,3)
7. An intellectual of hair (4) 7. She's intellectual but depressed, and puts her foot in it (12)
woman (12) 15. American King Edward was one engaged in operating it (4) 10. How old silver appears at end of sale (3)
10. To mature (3) 19. In short, pantomime character remained after fire had 14. Provide the money in replacing the right in France (7)
14. Provide money gone out (7) 16. You and I initially begin a complicated tissue of
backing (7) 20. Lots of wine fund in the tubes (5) intrigue (3)
16. Spider­trap (3) 22. At home to the Poles in the hostelries (4) 17. Demand a change of air for military being in East
17. East African soldier, 23. Has rap kit : rip ends off in self­destruction, Japanese Africa (6)
policeman (6) style (4­4) 18. Jumped at the starting price, and made a telephone
18. Leapt (6) 24. Though inexperienced, feels it has the power of making call (6)
21. Previous; a sub­abbot (5) things grow (5,7) 21. Not yet an abbot, he's beforehand (5)

SOLUTION: BL TWO­WAY CROSSWORD 2315

ACROSS 1. Strive 8. Reeve 9. Lunatic 11. Copybook 12. Spain 15. Fuse 16. Guy 17. Race 19. Scoff 21. Flattery 24. Sorcery 25. Trout 26. Kneads
DOWN 2. Thump 3. Imagined 4. Epic 5. Prays 6. Hero 7. Jerk 10. Conjurors 12. Safe 13. Tricycle 14. Deaf 18. State 20. Fared 21. Fate 22. Atom 23. York
CM
YK ... . . . . . . ND­NDE
8 . bl . market.radar
DELHI
For BSE/NSE live quotes, scan
the QR code or click the link businessline.
https://bit.ly/2FpossK TUESDAY ­ NOVEMBER 21 ­ 2023

QUICKLY.
Talbros Automotive jumps
20% on ₹580­cr order win
Mumbai: Talbros Automotive
Components shares were up 20
per cent at ₹281.85 after it
announced the receipt of
multi­year orders worth ₹580
crore from domestic and
overseas clients. The orders will
be executed over the next five
years, starting FY25. OUR BUREAU
Prataap Snacks’
promoters divest 5.4%
New Delhi: Promoters of
‘yellow diamond chips’ maker
Prataap Snacks Ltd on Monday
divested a 5.4 per cent stake in
the company for ₹105 crore
through open market
transactions. Abu
Dhabi­based­Cohesion
Investments’ affiliate Cohesion
MK Best Ideas Sub­Trust, and
Chartered Finance and Leasi
NG Ltd were the buyers. PTI
Microsoft edges up amid
lacklustre trading
Wall Street’s main indices opened
muted on Monday as investors
awaited more clues on when the
Fed might begin cutting interest
rates, while Microsoft gained on
news that former OpenAI head
Sam Altman will join the firm. The
Dow Jones fell 14.79 points at the
open to 34,932.49. The S&P 500
opened lower by 2.32 points, at
4,511.70 while the Nasdaq gained
9.27 points at 14,134.75. REUTERS
Retail interest in F&O surprising: Buch
SUCCESS FORMULA. SEBI chief says investing with a long­term perspective will rarely go wrong
your family over a sustained
Our Bureau period that will exceed the in­
Mumbai flation rate,” said Buch.
IRRA PLATFORM
SEBI chairperson Madhabi Speaking during the launch of
Puri Buch said on Monday she the Investor Risk Reduction
was surprised that so many Access (IRRA) platform at
people continued to trade in Asia’s oldest stock bourse
F&O despite knowing that BSE in Mumbai, Buch said
the odds were not in their fa­ that despite teething
vour. troubles, much of the opera­
The regulator’s study tional challenges faced by
earlier this year suggested brokers in implementing the
that nine out of 10 individual upstreaming circular were
traders in the equity F&O seg­ pretty much resolved.
ment incur net losses. On av­ Upstreaming requires cli­
erage, loss makers registered ent funds from brokers and
net trading loss close to clearing members to be sent
₹50,000 in FY22. to clearing corporations daily.
“There is a 90 per cent “I am told that the con­
chance that the investor will sensus around this issue was
lose money in the F&O seg­ so good and quick that now a
ment. But if you take a long­ list of 50 items has been sub­
term view and invest with a mitted (to the Industry
long­term perspective, you Standards Forum) for consid­
will rarely go wrong. eration. I believe that signific­
“There is a really good ant progress has been made
chance that you will be creat­ on most of the 50 items,”
ing wealth for yourself and Buch said.
Birla MF gets ₹200 crore Unifi Capital gets SEBI approval
via US Treasury FoF NFO to launch mutual fund business
gains.
Our Bureau Per the current regulatory
Mumbai provisions, mutual funds can
make overseas investments
in Exchange Traded Funds
Aditya Birla Sun Life Mutual subject to a maximum of
Fund has collected about $300 million per MF, within
₹200 crore through its new the overall industry limit of
fund offer of US Treasury $1 billion.
Bond ETFs Fund of Funds. A Balasubramanian, Man­
The NFO closed on October. aging Director & CEO,
Aditya Birla Sun Life US Aditya Birla Sun Life AMC,
Treasury 1­3 Year Bond ETFs said almost 7,000 investors
Fund of Funds is suitable for have capitalised on this
investors with shorter in­ unique opportunity and in­
vestment horizon and who vested in the US Treasury
have a higher risk profile. Bond ETFs Fund of Funds
The benefits of investing in NFO.
these instruments include The new passive offering
locking in multi­decade high is a tactical opportunity to
yields for long­term, adding diversify ones investments
duration to portfolio and an in US denominated assets,
opportunity to earn capital he said.
RISK­OFF. Madhabi Puri Buch, Chairperson, SEBI, unveils the
Investor Risk Reduction Access (IRRA) platform at the BSE on
Monday. SS Mundra (left), Chairman, BSE, and Sundararaman
Ramamurthy, MD & CEO, BSE, and Ashishkumar Chauhan, MD &
CEO, NSE, are also present
The SEBI chief officially
launched the IRRA platform
on Monday which can be in­
voked by trading members
faced with a technical glitch at
their end impacting their abil­
ity to service clients across
exchanges from both the
Primary site and the Disaster
Recovery site.
On invocation, after basic
checks, the platform down­
Our Bureau
Mumbai
Unifi Capital has received
market regulator SEBI’s in­
principle approval to launch
mutual fund business.
Established in 2001 as a re­
gistered portfolio manager,
Unifi currently manages over
₹20,000 crore on behalf of
about 10,000 Portfolio Man­
agement Services and Altern­
ative Investment Funds cli­
ents across 22 States in India.
Currently, there are 45 mu­
tual fund houses managing
about ₹46.72­lakh crore in as­
set as of October­end.
Sarath Reddy, Founder of
Unifi Capital, said the entry
loads trades of the Trading
Member from all the trading
venues and sends SMS/email
to investors using internet
trading or wireless techno­
logy along with a link to ac­
cess IRRA.
Investors using this link
can review status of their in­
vestment, orders etc., and
place orders for squaring off
or closing positions.
Sarath Reddy, Founder of
Unifi Capital
into MF business will enable
the company to go deeper and
wider, bringing investment
products to the full spectrum
of investors.
“We will play to our
strengths in deep bottom­up
research and deliver a high
standard of excellence that
puts client experience mani­
IRRA is not available for
algo trading and Institutional
clients. “We see it as a safety
net, which is available so that
people invest with confid­
ence. This is really important
for people who are regular,
frequent traders, where the
downtime of a broker even of
a few hours or few days is very
material to them, and if they
have open positions, they are
exposed to risk,” said Buch.
She added that the probab­
ility of several brokers going
down at the same time was
low and the hope is that this is
a system that will not be re­
quired to be used. “The sys­
tem is designed for risk re­
duction and not for fresh
position taking or orders but
to cancel the pending orders.
So, the kind of volumes that
we would expect coming
through the system, we feel
confident that the systems
that have been built will be
capable of handling that,”
Buch said.
festly front­and­centre.
Within the regulatory frame­
work, we have more than
enough space to offer differ­
entiated investment
strategies that mutual fund in­
vestors are yet to be served,”
he added.
SEBI’s strong governance
and AMFI’s investor educa­
tion initiatives have suppor­
ted a remarkable surge in do­
mestic investor participation
in mutual funds over the
years.
Unifi Capital has a team of
115 with research capability
and operational precision.
The team helps clients tra­
verse market cycles based on
their knowledge of market
behaviour.
Sensex, Nifty end marginally
lower as auto stocks slide
lacklustre performance, ana­
Our Bureau lysts still remain bullish on In­
Chennai dian markets.
Goldman Sachs has projec­
Benchmarks ended margin­ ted that NSE Nifty50 will
ally lower for the second touch 21,800 by the end of
straight day on Monday due to 2024 on the back of mid­teens
selling pressure in auto stocks earnings growth and a moder­
and FII outflows. While the ation in valuations. It also
BSE Sensex fell 139.58 points raised India to overweight on
or 0.21 per cent to 65,655.15, its resilient fundamentals and
the NSE Nifty closed 37.80 strategic appeal.
points or 0.19 per cent lower Ajit Mishra, SVP­Technical
at 19,694. Research, Religare Broking,
Within the Sensex pack, said that since Nifty is wit­
Bajaj Finance was the major nessing time­wise correction,
loser by 2.11 per cent fol­ investors should utilise this
lowed by M&M (1.91 per phase to gradually add quality
cent) and Tata Motors (1.02 names.
per cent). On the other hand,
Bharti Airtel (1.48 per cent), SECTORAL INDICES
HCL Tech (1.18 per cent), Most sectoral indices ended
Wipro (1.16 per cent), Tech in red. The BSE Auto (0.69 per
Mahindra (0.61 per cent) and cent) and BSE Commodities
TCS (0.48) were some of the (0.66 per cent) lost the most.
top gainers. After turning buyers in the
Broader market was mixed last two days, foreign institu­
as the BSE SmallCap ad­ tional investors (FIIs) once
vanced 0.39 per cent, while again resorted to selling. They
the MidCap declined 0.06 per offloaded stocks worth
cent and BSE­500 slipped 0.14 ₹645.72 crore on Monday, per
per cent. Despite the exchange’s provisional data.
After 7 months, P­note
investments slip in Oct
ever, need to go through a
Press Trust of India due diligence process. Before
New Delhi registering a decline in Octo­
ber, investments through P­
Investments in the Indian notes have been increasing
capital markets through par­ continuously since March,
ticipatory notes (P­notes) following the stable Indian
dropped to ₹1.26­lakh crore economy against an uncer­
in October­end after rising tain global macro backdrop.
for seven consecutive According to the latest
months. The latest data in­ data from markets regulator
cludes the value of particip­ SEBI, the value of P­note in­
atory note investments in In­ vestments in Indian markets
dian equity, debt, and hybrid – equity, debt, and hybrid se­
securities. curities – stood at ₹1,26,320
Participatory notes (P­ crore at the end of October
notes) are issued by re­ compared to a six­year high
gistered foreign portfolio in­ of ₹1,33,284 crore at
vestors (FPIs) to overseas September­end. This was the
investors who wish to be part highest level since July 2017
of the Indian stock market – when investment through
without registering them­ the route stood at ₹1.35­lakh
selves directly. They, how­ crore.

TCS to revamp Australian stock BROKER’S CALL. TODAY’S PICK.

NCC (₹171.15): BUY
Nifty 50 Movers
Close(₹) Pts
왔 37.80 pts.
PE
Bharti Airtel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 961.40. . . . . . . . . . . . 8.11. . . . . . . . . . . 51.55 . . . . . . . . . . 2.81
Wt(%)

exchange’s cash equity platform
Arushi Mishra
Mumbai
Tata Consultancy Services
said it has signed an agree­
ment with the Australian Se­
curities Exchange (ASX) to
replace its existing cash equit­
ies clearing and settlement
platform.
The deployment of TCS
BaNCS for market infrastruc­
ture will usher in a next­gen­
eration solution to serve the
Australian market.
According to the company,
ASX’s decision to opt for TCS
flagship product aims to
transform its current plat­
form, with the new techno­
logy stack set to be implemen­
ted in two phases.
The first phase will focus
on delivering the clearing ser­
vice, followed by the settle­
ment depository and sub­re­
gister services in the second
Sharekhan
SANOFI (BUY)
Target: ₹9,084
CMP: ₹7.730.20
Sanofi India has reported a strong Q2 quarter,
which was far above internal expectations.
Revenue grew about 3.3 per cent y­o­y, while PAT
grew around 16.3 per cent y­o­y to ₹152 crore.
The company’s focus is on its core areas of
diabetes, cardiology, gastro, vaccines, and CNS,
which should continue to propel strong growth
ahead, besides undergoing cost­rationalisation
measures. As a result, we expect about 8 per cent
PAT CAGR over the next two years.
As Lantus, its flagship product, price has declined
by about 25 per cent on a weighted average basis,
post inclusion in the revised National List of
GROUND­BREAKING. TCS flagship product aims to transform Essential Medicines (NLEM) list. Subsequently, it
ASX current platform, with the new technology stack set to be is expected that overall revenue of Sanofi will
implemented in two phases. grow at a slower pace of around 5 per cent from
CY2022­CY2024E. We also believe growth in the
base business and expected resultant increase in
phase. This staged approach is critical business, continuous volumes for Lantus should more than offset the
designed to mitigate delivery investments in our products, impact due to price fall in Lantus.
risks and minimise the impact and shared vision of how we Moreover, the company has declared a
on industry stakeholders. see the future of market infra­ de­merger of its consumer business into a
Vivekanand Ramgopal, structure institutions in a separate entity by the middle of CY2024, which
President, BFSI Products & technology­led world.” will unlock value for existing shareholders of
Platforms, TCS, said, “Our se­ TCS shares closed 0.48 per Sanofi.
lection is an affirmation of our cent higher at ₹3,519.30 on Key risks: Inclusion of products in the NLEM
track record in this mission­ the BSE. could hurt earnings performance; and slower
Gurumurthy K
bl. research bureau
The short­term outlook for NCC
is bullish. The stock has begun
the week on a strong note by
rising 5.9 per cent on Monday.
This confirms the end of the
correction that was in place since
September. It also indicates that
a new leg of upmove has begun
with in its overall long­term
uptrend. Strong support is
around ₹160. Any intermediate
dips are likely to be limited to
₹160 as fresh buyer can emerge.
NCC share price can target
₹190 over the next two­three
weeks. Short­term traders can
go long now. Accumulate on dips
at ₹163. Keep the stop­loss
Day trading guide
19750 » Nifty 50 Futures
S1 S2 R1 R2
19700 19600 19800 19870
initially at ₹156. Trail the
stop­loss up to ₹175 as soon as
the stock moves up to ₹181.
Move the stop­loss further up to
₹182 when the price touches
₹186. Exit the long positions in
NCC at ₹190.
Note: The recommendations are based
on technical analysis. There is risk of
loss in trading.
COMMENT
Go long only above 19800.
TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3519.60. . . . . . . . . . . . 4.01. . . . . . . . . . . 28.73 . . . . . . . . . . 4.17
HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1325.40. . . . . . . . . . . . 3.92. . . . . . . . . . . 23.29 . . . . . . . . . . 1.62
Divis Lab. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3672.95. . . . . . . . . . . . 2.09. . . . . . . . . . . 73.21 . . . . . . . . . . 0.54
Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1770.55. . . . . . . . . . . . 1.99. . . . . . . . . . . 20.49 . . . . . . . . . . 3.01
Wipro. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 400.20. . . . . . . . . . . . 1.54. . . . . . . . . . . 17.84 . . . . . . . . . . 0.65
ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 197.85. . . . . . . . . . . . 1.33. . . . . . . . . . . . . 4.85 . . . . . . . . . . 0.89
Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 347.75. . . . . . . . . . . . 1.30. . . . . . . . . . . . . 7.65 . . . . . . . . . . 0.92
Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 10566.25. . . . . . . . . . . . 1.30. . . . . . . . . . . 28.12 . . . . . . . . . . 1.63
Tech Mahindra . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1211.80. . . . . . . . . . . . 1.29. . . . . . . . . . . 32.66 . . . . . . . . . . 0.88
IndusInd Bank. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1504.80. . . . . . . . . . . . 0.94. . . . . . . . . . . 14.03 . . . . . . . . . . 1.14
LTIMindtree Ltd. . . . . . . . . . . . . . . . . . . . . . . . .. . . 5556.10. . . . . . . . . . . . 0.79. . . . . . . . . . . 37.12 . . . . . . . . . . 0.59
Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3345.85. . . . . . . . . . . . 0.67. . . . . . . . . . . 89.44 . . . . . . . . . . 1.62
State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 563.75. . . . . . . . . . . . 0.61. . . . . . . . . . . . . 7.15 . . . . . . . . . . 2.50
Bajaj Auto. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5650.15. . . . . . . . . . . . 0.48. . . . . . . . . . . 23.37 . . . . . . . . . . 0.74
BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 392.00. . . . . . . . . . . . 0.38. . . . . . . . . . . . . 3.09 . . . . . . . . . . 0.43
Hero MotoCorp . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3346.35. . . . . . . . . . . . 0.34. . . . . . . . . . . 20.65 . . . . . . . . . . 0.50
HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1505.20. . . . . . . . . . . . 0.17. . . . . . . . . . . 20.71 . . . . . . . . 13.07
Grasim Ind. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1972.30. . . . . . . . . . . . 0.15. . . . . . . . . . . 11.38 . . . . . . . . . . 0.84
HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 652.40. . . . . . . . . . . . 0.15. . . . . . . . . . . 95.24 . . . . . . . . . . 0.81
TataConsumerProduct . . . . . . . . . . . . .. . . . . 930.85. . . . . . . . . . . . 0.00. . . . . . . . . . . 63.79 . . . . . . . . . . 0.65
Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5473.95. . . . . . . . . . ­0.11. . . . . . . . . 107.80 . . . . . . . . . . 0.64
Hindalco. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 497.30. . . . . . . . . . ­0.15. . . . . . . . . . . 13.27 . . . . . . . . . . 0.84
Britannia Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4712.00. . . . . . . . . . ­0.17. . . . . . . . . . . 44.83 . . . . . . . . . . 0.64
Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5604.15. . . . . . . . . . ­0.21. . . . . . . . . . . 18.36 . . . . . . . . . . 0.79
PowerGrid Corp . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 209.30. . . . . . . . . . ­0.21. . . . . . . . . . . 12.69 . . . . . . . . . . 1.10
Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1247.10. . . . . . . . . . ­0.28. . . . . . . . . . . 28.91 . . . . . . . . . . 0.76
NestleIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 24302.55. . . . . . . . . . ­0.57. . . . . . . . . . . 78.86 . . . . . . . . . . 1.00
UPL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 556.70. . . . . . . . . . ­0.58. . . . . . . . . . . 18.58 . . . . . . . . . . 0.32
Eicher Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3846.45. . . . . . . . . . ­0.59. . . . . . . . . . . 29.40 . . . . . . . . . . 0.61
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 251.05. . . . . . . . . . ­0.60. . . . . . . . . . . 12.57 . . . . . . . . . . 1.38
ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 921.45. . . . . . . . . . ­0.64. . . . . . . . . . . 15.45 . . . . . . . . . . 7.47
Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1436.60. . . . . . . . . . ­0.77. . . . . . . . . . . 23.96 . . . . . . . . . . 5.93
Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 803.60. . . . . . . . . . ­1.18. . . . . . . . . . . 27.30 . . . . . . . . . . 0.74
JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 761.85. . . . . . . . . . ­1.47. . . . . . . . . . . 19.79 . . . . . . . . . . 0.82
Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 124.35. . . . . . . . . . ­1.57. . . . . . . . . . . . . 0.00 . . . . . . . . . . 1.17
Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1188.00. . . . . . . . . . ­1.62. . . . . . . . . . . 33.32 . . . . . . . . . . 1.48
Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1593.80. . . . . . . . . . ­2.73. . . . . . . . . . . 18.03 . . . . . . . . . . 1.00
Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 674.30. . . . . . . . . . ­2.91. . . . . . . . . . . 16.48 . . . . . . . . . . 1.37
Asian Paints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3140.35. . . . . . . . . . ­2.93. . . . . . . . . . . 58.35 . . . . . . . . . . 1.64
SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1385.30. . . . . . . . . . ­2.94. . . . . . . . . . . 75.28 . . . . . . . . . . 0.72
UltraTech Cement . . . . . . . . . . . . . . . . . . . . .. . . 8661.50. . . . . . . . . . ­3.41. . . . . . . . . . . 43.84 . . . . . . . . . . 1.16
Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 988.70. . . . . . . . . . ­3.57. . . . . . . . . . . 23.04 . . . . . . . . . . 3.17
Adani Enter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2149.85. . . . . . . . . . ­4.44. . . . . . . . . . . 96.84 . . . . . . . . . . 0.82
Hind Unilever . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2506.45. . . . . . . . . . ­4.55. . . . . . . . . . . 57.20 . . . . . . . . . . 2.59
Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2349.35. . . . . . . . . . ­4.78. . . . . . . . . . . 20.57 . . . . . . . . . . 9.20
ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 436.80. . . . . . . . . . ­4.94. . . . . . . . . . . 26.60 . . . . . . . . . . 4.48
L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3088.80. . . . . . . . . . ­5.57. . . . . . . . . . . 30.03 . . . . . . . . . . 4.32
M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1552.20. . . . . . . . . . ­6.60. . . . . . . . . . . 15.87 . . . . . . . . . . 1.61
Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 7068.60. . . . . . . . . . ­9.26. . . . . . . . . . . 32.65 . . . . . . . . . . 2.18

growth in sales than Indian Pharma Market. Stop­loss can be kept at 19780 Pts: Impact on index movement

₹1505 » HDFC Bank

Chola Securities
Rockingdeals RateGain Technologies raises 1495
S1 S2

1475
R1

1520
R2

1550
COMMENT

Go long on dips at 1500. Stop­loss

Nifty Next 50 Movers 왔 121.35 pts.

IPO opens at HITACHI ENERGY (ACCUMULATE) Close(₹) Pts PE Wt(%)

₹600 crore through QIP issue

can be kept 1485 Trent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2622.75. . . . . . . . . . 34.12. . . . . . . . . 156.82 . . . . . . . . . . 4.13
Target: ₹5,600 Hindustanaeronautics . . . . . . . . . . . . . .. . . 2146.60. . . . . . . . . . 12.88. . . . . . . . . . . 23.78 . . . . . . . . . . 2.87

₹136­140/share CMP: ₹4,633.35

Hitachi Energy India Ltd (HEIL) offers engineering,
₹1436 » Infosys
Abb India. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4347.00. . . . . . . . . . 10.96. . . . . . . . . 225.84 . . . . . . . . . . 1.65
Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2631.25. . . . . . . . . . 10.18. . . . . . . . . . . 18.06 . . . . . . . . . . 2.32
Sbicards&Pay . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 742.90. . . . . . . . . . . . 9.85. . . . . . . . . . . 30.55 . . . . . . . . . . 1.56

tomorrow Our Bureau

products, projects, and services for electricity
transmission and related activities in India and 1425
S1 S2

1400
R1

1455
R2

1480
COMMENT

Go long only above 1455. Keep

Press Trust of India
New Delhi
Rockingdeals Circular Eco­
nomy Ltd has fixed the
price band at ₹136­140 per
Torrent Pharma . . . . . . . . . . . . . . . . . . . . . . . .. . . 2110.75. . . . . . . . . . . . 8.67. . . . . . . . . . . 53.55 . . . . . . . . . . 1.38
Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2181.35. . . . . . . . . . . . 7.08. . . . . . . . . . . 50.57 . . . . . . . . . . 2.08
Bank Of Baroda. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 197.65. . . . . . . . . . . . 5.29. . . . . . . . . . . . . 5.51 . . . . . . . . . . 2.63
Chennai
internationally. the stop­loss at 1445 Punjab Natl Bank . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 78.40. . . . . . . . . . . . 4.96. . . . . . . . . . . 14.52 . . . . . . . . . . 1.67
Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 543.20. . . . . . . . . . . . 4.88. . . . . . . . . . . 55.54 . . . . . . . . . . 2.27
Aggressive capacity addition along with overhaul Siemens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3586.20. . . . . . . . . . . . 4.59. . . . . . . . . . . 72.07 . . . . . . . . . . 2.28
RateGain Technologies on of existing system a big opportunity for companies ₹437 » ITC Adani Wilmar .. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 310.70. . . . . . . . . . . . 3.74. . . . . . . . . 310.34 . . . . . . . . . . 0.16
United Spirits . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1060.00. . . . . . . . . . . . 3.45. . . . . . . . . . . 68.05 . . . . . . . . . . 2.20
Monday said that the fund like Hitachi Energy. Around 280 to 300 GW of S1 S2 R1 R2 COMMENT Jindal Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 649.80. . . . . . . . . . . . 3.31. . . . . . . . . . . 16.30 . . . . . . . . . . 1.71
raise committee of the com­ additional power generation capacity to come in Canara Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 399.15. . . . . . . . . . . . 3.03. . . . . . . . . . . . . 5.17 . . . . . . . . . . 1.92
433 431 439 442 Go short now and at 438. Varun Beverages . . . . . . . . . . . . . . . . . . . . . .. . . 1047.35. . . . . . . . . . . . 2.78. . . . . . . . . . . 66.71 . . . . . . . . . . 1.60
pany has approved allot­ next 5/6 years. In continuance of our Power Sector Stop­loss can be kept at 440 Indian Oilcorp . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 102.85. . . . . . . . . . . . 1.84. . . . . . . . . . . . . 3.61 . . . . . . . . . . 2.70
ment of 93.31 lakh shares of theme, we initiate coverage on Hitachi Energy Ltd Ambuja Cements . . . . . . . . . . . . . . . . . . . . . .. . . . . 421.50. . . . . . . . . . . . 0.98. . . . . . . . . . . 24.81 . . . . . . . . . . 2.21

equity share for its initial
public offering.
The public issue will
open for public subscrip­
face value ₹1 each to eligible
qualified institutional buy­
ers at ₹643 a share, aggregat­
ing to ₹600 crore. The allot­
(erstwhile ABB Power Products and Systems Godrej Consumer. . . . . . . . . . . . . . . . . . . . . .. . . . . 997.40. . . . . . . . . . . . 0.57. . . . . . . . . . . 58.29 . . . . . . . . . . 2.70
₹198 » ONGC Cholamandalamin&Fin . . . . . . . . . . . .. . . 1126.65. . . . . . . . . . . . 0.33. . . . . . . . . . . 30.65 . . . . . . . . . . 3.18
India) with a Buy rating. Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 239.55. . . . . . . . . . . . 0.20. . . . . . . . . . . 10.33 . . . . . . . . . . 2.04
S1 S2 R1 R2 COMMENT
Generalle and Morgan Stan­ HEIL, a key player in the power and energy sector, Icici Lombard Gic . . . . . . . . . . . . . . . . . . . . . .. . . 1446.10. . . . . . . . . . ­0.04. . . . . . . . . . . 40.44 . . . . . . . . . . 2.64
Zyduslifesciences. . . . . . . . . . . . . . . . . . . . . .. . . . . 636.00. . . . . . . . . . ­0.46. . . . . . . . . . . 21.97 . . . . . . . . . . 1.15
ley Asia (Singapore). Pursu­ stands poised to capitalise on the burgeoning 196 193 199 201 Go long only above 199. Stop­loss Lic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 612.00. . . . . . . . . . ­1.02. . . . . . . . . . . . . 9.87 . . . . . . . . . . 0.51

tion on November 22 and
conclude on November 24.
The IPO comprises a
fresh issue of 15 lakh
shares with a face value of
₹10 each. The offer will
fetch up to ₹21 crore at the
upper end of the price
band.
Proceeds from the issue
will be utilised towards
ment price is at a discount of
₹33.66 (4.97 per cent) of the
floor price of ₹676.66, the
company said in a notice to
the stock exchanges.
The allottees were
Pinebridge Global Funds ­
Pinebridge India Equity
Fund, Troo Capital, ICICI
Prudential Mutual Fund,
ICIC Prudential Innovation
ant to the allotment, the
paid­up share capital of the
company increased to
₹11.78 crore from ₹10.84
crore.
Recently, RateGain Travel
launched ‘World­on­Holi­
day’, an initiative to help mi­
cro, small, and medium­
sized travel businesses and
professionals across the
opportunities within the dynamic Indian market. can be placed at 198 Adani Total Gas . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 531.05. . . . . . . . . . ­1.26. . . . . . . . . 102.29 . . . . . . . . . . 0.48
Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 20579.20. . . . . . . . . . ­2.08. . . . . . . . . . . 28.54 . . . . . . . . . . 1.26
The calculated figures underscore the immense Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 18211.70. . . . . . . . . . ­3.10. . . . . . . . . . . 80.49 . . . . . . . . . . 0.56
potential for the company to play a pivotal role in ₹2349 » Reliance Ind. Avenuesuper . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3792.90. . . . . . . . . . ­4.11. . . . . . . . . 105.85 . . . . . . . . . . 1.86
Havells . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1275.75. . . . . . . . . . ­4.19. . . . . . . . . . . 67.88 . . . . . . . . . . 2.29
the nation’s journey towards a greener and more S1 S2 R1 R2 COMMENT Muthootfin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1326.85. . . . . . . . . . ­4.53. . . . . . . . . . . 13.05 . . . . . . . . . . 1.03
robust energy infrastructure. India’s plan to Berger Paints I. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 582.70. . . . . . . . . . ­4.77. . . . . . . . . . . 65.68 . . . . . . . . . . 1.17
2335 2320 2370 2410 Go short only below 2335. Keep Bajaj Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 7272.00. . . . . . . . . . ­5.02. . . . . . . . . . . 14.34 . . . . . . . . . . 1.03
achieve 500 GW of renewal energy production Shriram Finance . . . . . . . . . . . . . . . . . . . . . . .. . . 1988.95. . . . . . . . . . ­5.43. . . . . . . . . . . 11.32 . . . . . . . . . . 3.95
the stop­loss at 2345
capacity is likely to entail an estimated expenditure Adanigreenenergy . . . . . . . . . . . . . . . . . . . .. . . . . 926.20. . . . . . . . . . ­5.51. . . . . . . . . 112.51 . . . . . . . . . . 1.10
Irctc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 701.30. . . . . . . . . . ­6.14. . . . . . . . . . . 52.87 . . . . . . . . . . 1.52
of around ₹2.44­lakh crore as per study of the
₹564 » SBI Adani Energy Solutions .. . . . . . . . . . .. . . . . 727.50. . . . . . . . . . ­7.00. . . . . . . . . . . 58.65 . . . . . . . . . . 0.80
Central Electricity Authority (CEA). Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 525.75. . . . . . . . . . ­7.26. . . . . . . . . . . 47.43 . . . . . . . . . . 1.94
S1 S2 R1 R2 COMMENT
Valuing the company at a PER of 50xFY’26, which is Tata Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 260.85. . . . . . . . . . ­8.45. . . . . . . . . . . 20.09 . . . . . . . . . . 2.62
Samvardmothersoninternatl . . .. . . . . . . 88.90. . . . . . . . . . ­9.11. . . . . . . . . . . 28.12 . . . . . . . . . . 1.51
a discount of 20 per cent to its peers and at a PEG 560 555 567 570 Go short only below 560. Piindustries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3689.35. . . . . . . . . . ­9.98. . . . . . . . . . . 37.42 . . . . . . . . . . 2.12

working capital require­
ments, brand positioning,
marketing and advertising,
and general corporate
purposes.
The shares of the com­
pany will be listed on NSE
Fund, Kotak Mahindra Life
Insurance Company,
Founders Collective Fund,
Sundaram Mutual Fund,
Sundaram Multicap Fund
(Sundaram Small Cap
Fund), Bajaj Allianz Life In­
travel industry.
The company came out
with ₹1,336­crore initial
public offering in 2021 at
₹425 a share.
Shares of RateGain Travel
closed 0.58 per cent lower at
ratio of 0.74x(FY’26e); per share target price Stop­loss can be kept at 561 Dlf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 626.25. . . . . . . . ­10.13. . . . . . . . . . . 69.34 . . . . . . . . . . 2.77
Info Edge I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4765.35. . . . . . . . ­10.34. . . . . . . . . . . . . 0.00 . . . . . . . . . . 2.64
comes at ₹5,700. The upside is expected over next Shree Cement . . . . . . . . . . . . . . . . . . . . . . . . . . .. 25953.65. . . . . . . . ­10.98. . . . . . . . . . . 51.29 . . . . . . . . . . 2.48
2 years. ₹3520 » TCS I­Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 549.80. . . . . . . . ­13.05. . . . . . . . . . . 87.28 . . . . . . . . . . 1.53
Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2483.55. . . . . . . . ­13.63. . . . . . . . . . . 82.76 . . . . . . . . . . 2.71
S1 S2 R1 R2 COMMENT Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 124.55. . . . . . . . ­15.31. . . . . . . . . . . 15.52 . . . . . . . . . . 2.40
Srf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2329.25. . . . . . . . ­15.57. . . . . . . . . . . 39.83 . . . . . . . . . . 2.42
3505 3480 3535 3570 Go long on a break above 3535. Tvs Motor Cmp . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1719.25. . . . . . . . ­22.04. . . . . . . . . . . 54.57 . . . . . . . . . . 2.86
businessline is not responsible for the recommendations Bharat Elec. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 143.85. . . . . . . . ­26.92. . . . . . . . . . . 31.64 . . . . . . . . . . 3.68
Keep the stop­loss at 3525
sourced from third party brokerages. Reports may be sent Zomato .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 118.15. . . . . . . . ­27.66. . . . . . . . . . . . . 0.00 . . . . . . . . . . 1.73

Emerge. surance Company, Societe ₹717.85 on the BSE. to: blmarketwatch@gmail.com S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2. Pts: Impact on index movement

CM
YK ... . . . . . . ND­NDE

DELHI
businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023
QUICKLY.
Javier Milei sweeps
Argentina presidential poll
Buenos Aires: Libertarian
outsider Javier Milei swept to
victory in Argentina’s
presidential election vowing to
halt decades of economic
decline in a country reeling
from triple­digit inflation. The
self­described
“anarcho­capitalist” pulled off
a massive upset by ousting the
populist Peronist coalition
which has long dominated
Argentine politics.AFP
Bayer blood thinner drug
trial shows no effect
Bayer’s anticoagulant
asundexian, which it had
hoped would generate annual
sales of more than 5 billion
euros, was shown to be
inferior to Bristol­Myers and
Pfizer's established Eliquis in
preventing strokes in
high­risk patients dealing a
fresh blow to the embattled
drugmaker REUTERS
Xiaomi posts first sales
rise since 2021
Xiaomi posts first revenue gain
in almost two years, a welcome
boost for a smartphone maker
that’s begun aggressively
attacking its Chinese rivals with
higher­end models at home
and abroad. It posted sales of
70.9 billion yuan ($9.9 billion)
for the September quarter,
versus average projections for
70.5 billion. BLOOMBERG
Hostage talks progress despite the
heavy Israel­Hamas fighting in Gaza
Bloomberg
Israeli forces engaged in heavy
fighting with Hamas in the
northern Gaza Strip
overnight as the US said it was
optimistic about a deal to free
hostages held by the militant
group.
The Israeli military and
Shin Bet, the country’s do­
mestic security service, said
they killed three Hamas com­
manders,
The main thrust of Israel’s
ground offensive is eastwards
into Gaza City, which the mil­
itary says is Hamas’s “centre
of gravity.” Israeli forces have
taken control of many parts of
the city’s Al Shifa hospital and
over the weekend showed
videos they say prove Hamas
used the facility, building a
command centre and tunnels
underneath it.
Hamas, backed by Iran and
designated a terrorist organ­
Japan’s back­to­back wage bonanza, ‘opportunity for BoJ to end stimulus’
Reuters
Tokyo
Japan's big employers are set
to follow this year's bumper
pay hikes with another
round in 2024, which are ex­
pected to help lift household
spending and give the cent­
ral bank the conditions it
needs to finally roll back
massive monetary stimulus.
Early indications from
businesses, unions and eco­
nomists suggest the labour
and cost pressures that set
the stage for this year's pay
hikes — the largest in more
than three decades — will
persist heading into next
year’s key spring wage talks.
The head of major bever­
age maker Suntory Hold­
ings, for example, plans to
offer employees average
monthly pay hikes of 7 per
cent in 2024 for the second
straight year, to retain talent
in a tight labour market and
offset rising inflation. Meiji
CM
YK
As widely expected, China keeps
benchmark lending rates unchanged
BIG PICTURE. Recovery remains patchy; few signs the struggling property market will bounce back, data show
Reuters
Shanghai/Singapore
China left benchmark lending
rates unchanged at a monthly
fixing on Monday, matching
expectations, as a weaker yuan
continued to limit further
monetary easing and policy­
makers waited to see the ef­
fects of previous stimulus on
credit demand. Recent data
shows the recovery in the
world's second­largest eco­
nomy remains patchy with in­
dustrial output and retail sales
surprising on the upside but
deflation gathering pace and
few signs the struggling prop­
erty market will bounce back
any time soon.
LOAN PRIME RATE
The one­year loan prime rate
(LPR) was kept at 3.45 per
cent and the five­year LPR was
Crude oil extends gains as
OPEC+ mulls deeper cuts
Reuters
Singapore
Oil futures nudged higher on
Monday, extending gains on
expectations of OPEC+
deepening supply cuts to
shore up prices, which have
fallen for four weeks on eas­
ing concern of Middle East
supply disruption amid the
Israel­Hamas conflict.
Brent crude futures
climbed 57 cents, or 0.7 per
cent, to $81.18 a barrel by
0400 GMT while US West
Texas Intermediate crude
was at $76.40 a barrel, up 51
cents or 0.7 per cent.
The front­month Decem­
ber contract expires later on
Monday while the more act­
ive January futures gained 55
RIGHT PRIORITIES. Demonstrators march for the release of
Israeli hostages amid the ongoing conflict between Israel and
Hamas, in Warsaw, Poland. The US has been urging Israel to
exercise restraint and prioritise the safety of the civilians REUTERS
isation by the US and European
Union, used Al Shifa “to carry
out gruesome terrorist activ­
ity,” Israeli military spokesman
Amnon Shefler said in a brief­
ing on Sunday night. “They
have it as a command centre, as
a control centre, as a place to
hide hostages, as a place to
murder and kill.” The move­
ment of troops into the Shifa
complex last week was contro­
versial, with the US urging Is­
Yasuda Life Insurance Com­
pany intends to raise annual
pay by 7 per cent on average
for about 10,000 employees
from next April, while elec­
tronics retailer Bic Camera
is set to raise 4,600 full­
timers' pay by up to 16 per
cent
PARADIGM SHIFT
“What's going on is a big
paradigm shift away from
deflation and towards infla­
tion,” Suntory Holdings
CEO Takeshi Niinami, who
also sits on Prime Minister
Fumio Kishida's top eco­
nomic advisory council, told
Reuters.
“Given the fast­changing
landscape, I believe those
who move fast (with wage
hikes) should become
competitive.”
Those announcements
come as Kishida heaps pres­
sure on companies to hike
pay to offset the pain on
households from rising liv­
ing costs.
LIQUIDITY BOOST. The PBoC injected 1.45 trillion yuan worth
of one­year MLF loans into the banking system last week but kept
the rates on those loans unchanged REUTERS
unchanged at 4.20 per cent.
Most new and outstanding
loans in China are based on
the one­year LPR, while the
five­year rate influences the
pricing of mortgages.
In a poll of 26 market
watchers conducted last week,
cents, or 0.7 per cent, at
$76.59 a barrel.
Both contracts settled 4
per cent higher on Friday
after three OPEC+ sources
told Reuters that the produ­
cer group, made up of the Or­
ganization of the Petroleum
Exporting Countries and
their allies including Russia,
is set to consider whether to
make additional oil supply
cuts when it meets on
November 26.
Oil prices have dropped by
almost 20 per cent since late
September while prompt
inter­month spreads for
Brent and WTI slipped into
contango last week. Prompt
prices are lower than those
in future months in a con­
tango market, signalling suf­
ficient supply.
rael to exercise restraint and
prioritise the safety of the pa­
tients still there as well as any
civilians taking shelter.
HOSTAGE DEAL
Despite the continued clashes,
a deal for Hamas to release a
large group of hostages is mak­
ing progress, according to the
US.
“We are closer than we have
been in quite some time, maybe
The back­to­back annual
pay bumps would also
provide Bank of Japan Gov­
ernor Kazuo Ueda with one
of the pre­conditions he
needs to dismantle the ex­
treme monetary stimulus of
the past decade: sustainable
wage growth.
“A combination of the
chronic labour crunch and
stubborn inflation will lead
next year's wage negoti­
ations to result in the same
or even higher pay from this
year,” said Hisashi Yamada,
labour expert and professor
of Hosei University.
OECD data shows aver­
age wages have barely risen
in Japan for about past 30
years as chronic deflation
and prospects of prolonged
low growth discouraged
firms from raising pay.
The tide began to shift
after supply constraints
caused by the pandemic and
the Ukraine war led to sharp
rises in raw material prices,
forcing firms to pass on
all participants predicted no
change to either the one­year
or five­year LPR. The steady
fixings came after the central
bank kept its medium­term in­
terbank liquidity rate un­
changed last week. The one­
year LPR is loosely pegged off
Sunak indicates tax cuts if UK hits inflation­halving goal
Bloomberg
Prime Minister Rishi Sunak
said his UK government can
begin to cut taxes after hit­
ting a goal to halve inflation
this year, suggesting eco­
nomic plans to be unveiled
this week by Chancellor of
the Exchequer Jeremy Hunt
will contain fiscal
giveaways.
The British premier
began the year making five
promises to voters, fore­
most among them a goal to
halve the rate of rising
prices, which stood at 10.5
per cent last December.
Last week, official statistics
showed inflation falling to
4.6 per cent in October
from 6.7 per cent a month
earlier.
Now that inflation is
closer than we have been
since the beginning of this
process, to getting this deal
done,” US Deputy National
Security Advisor Jon Finer
said to NBC on Sunday. “We
think it is possible, but it’s not
done yet.”
Yahya Sinwar, Hamas’s
leader in Gaza, is engaged in
the talks and has agreed in
principle for more than 50
women and children to be re­
leased, Axios reported. In re­
turn, Israel would pause its
military attacks for a specified
time each day and release
some Palestinians in Israeli
jails.
Qatar, which hosts some of
Hamas’s political leaders, is
helping broker the talks.
While Israel has concen­
trated its airstrikes and
ground assault on northern
Gaza, it is now turning its at­
tention to the south, sig­
nalling the possibility of send­
ing troops there.
SHIFT IN TIDE. While lifting wages has been an elusive goal for
Japanese policymakers for decades, recent cost­of­living
pressures have added urgency to the task REUTERS
higher costs to consumers.
With inflation having held
above the BOJ's 2 per cent
target for more than a year,
companies have faced un­
precedented pressure to
compensate employees with
pay hikes to retain and lure
talent.
A demand made this year
the medium­term lending fa­
cility (MLF) and market parti­
cipants typically see changes
in the MLF rate as a precursor
to adjustments in the LPR.
The PBOC injected 1.45 tril­
lion yuan worth of one­year
MLF loans into the banking
system last week but kept the
rates on those loans
unchanged.
LIQUIDITY BOOST
The liquidity boost resulted in
a net 600 billion yuan of cash
injections into the banking
system. “Policymakers may
want more time to access the
impact of the recent repricing
of existing mortgage contracts
before they make further
changes to the benchmark
rate,” Julian Evans­Pritchard,
head of China economics at
Capital Economics, said. “The
big picture though is that, with
economic momentum weak
halved “we can begin the
next phase and turn our at­
tention to cutting tax,”
Sunak said on Monday in a
speech in north London.
“We will do this in a seri­
ous, responsible way, based
on fiscal rules to deliver
sound money.”
‘CUT TAXES’
Sunak’s promise that “we
can and we will cut taxes”
two days before Hunt is due
to deliver his Autumn
Statement laying out tax
and spending changes is
likely to go down well with
his restless Conservative
Party. Tory Members of
Parliament have been
ratcheting up the pressure
on the two men to reduce
the tax burden on the eco­
nomy after overseeing its
rise to the highest level
China keen on extending China­Myanmar
Economic Corridor to Sri Lanka
Meera Srinivasan
Colombo
China is “prioritising” the ex­
tension of the China­Myan­
mar Economic Corridor
(CMEC) to Sri Lanka, the
country’s Special Envoy told
President Ranil Wickremes­
inghe on Monday, in an indic­
ation that China is looking to
scale up the Belt and Road
Initiative (BRI) project in
South Asia.
Paying a courtesy call on
the Sri Lankan President,
Special envoy of the Chinese
President, State councillor
Shen Yiqin, said China is pri­
oritising the extension of the
Corridor to the island nation,
according to a press state­
ment issued by Wickremes­
inghe’s office on Monday.
“Additionally, both parties
agreed to expedite the imple­
mentation of the China­Sri
Lanka Free Trade Agree­
ment,” the statement said.
by Rengo, Japan's largest
trade union confederation,
for pay hikes of “around 5
per cent resulted in average
wage hikes of 3.58 per cent
among major companies.
Rengo has said it will de­
mand a pay hike of “5 per
cent or higher” next year.
Another major union UA
and downward pressure on
the renminbi reversing, we
think rate reductions will
come before long," he said, ex­
pecting China to lower the
lending benchmark by 20 basis
points at the end of the first
quarter next year.
China's yuan has clawed
back some of its year­to­date
losses after losing more than 6
per cent against the dollar at
one point in September. China
remains an outlier among
global central banks, having
loosened monetary policy to
shore up a faltering recovery
but further rate cuts would
widen the yield gap with the
US, risking yuan depreciation
and capital outflows.
The LPR, which banks nor­
mally charge their best clients,
is set by 18 designated com­
mercial banks who submit
proposed rates to the central
bank every month.
UK Prime Minister Rishi Sunak
since World War II. Sunak
said reductions will be
made “carefully” and
“sustainably.”
Nevertheless, Hunt has
little room to cut taxes, ac­
cording to an analysis by
Bloomberg Economics,
which estimates the chan­
cellor will have just £11 bil­
lion ($13.7 billion) to spare
China’s special envoy Shen Yiqin with Sri Lankan President
Ranil Wickremesinghe in Colombo on Monday SPECIAL ARRANGEMENT
The CMEC is the newest of
the six land corridors under
the BRI and has assumed
prominence in place of the
Bangladesh China India Myan­
mar (BCIM) corridor which
has largely stalled. India and
Bhutan are the only countries
in South Asia that have stayed
out of the BRI and China’s
more recent Global Develop­
ment Initiative, which Sri
Lanka has also backed. Wick­
remesinghe noted that coun­
tries such as Sri Lanka, which
Zensen, which covers ser­
vice­sector workers and
part­timers, said it would
demand a pay 6 per cent rise
next year, in line with this
year's demand.
Six out of 10 economists
in a Reuters poll expect ma­
jor firms' pay hikes in 2024
to exceed this year's.
“A combination of infla­
tion, tight labour market and
corporate profits will blow a
tailwind to keep up the mo­
mentum for wage hikes,”
said Atsushi Takeda, chief
economist at Itochu Eco­
nomic Research Institute.
“More and more companies
are also able to pass on
higher costs in supply
chain.”
UNEVEN HIKES
While lifting wages has been
an elusive goal for Japanese
policymakers for decades,
recent cost­of­living pres­
sures have added urgency to
the task.
With his approval ratings
news . bl . 9
Poor bank valuations, a
drag on credit growth: ECB
Reuters
Frankfurt
Low valuations for euro zone
bank stocks appear to reflect
concerns about credit risk
and shareholder payouts,
likely weighing on future
credit growth via stricter
terms for borrowers, the
European Central Bank said.
Bank earnings have surged
this year, partly on higher
ECB interest rates that al­
lowed lenders to beef up
their net interest income,
but stock market valuations
have lagged behind and
many banks appear to be
trading at a discount to
fundamentals.
"In the long run, this may
adversely affect financial sta­
bility as banks which are val­
ued by investors at a dis­
count will likely find it more
challenging to raise new
equity when needed," the
ECB said in a Financial Sta­
bility Review article.
"Weak valuations trans­
late directly into stricter
against his key fiscal rule,
which requires debt to fall
as a share of gross domestic
product in the fifth year of
the forecast. While that
would be up from a “wafer­
thin” £6.5 billion in March,
it’s still low by historic
standards. Sunak attacked
spending £28 billion of
green plans outlined by the
opposition Labour Party,
which has enjoyed a
double­digit polling lead
throughout his tenure. He
compared the potential ef­
fect with the market chaos
unleashed by his Tory pre­
decessor Liz Truss’s huge
program of unfunded tax
cuts.
“Blowing tens of billions
of pounds on unfunded
spending is just as danger­
ous as tens of billions on
unfunded tax cuts,” Sunak
are participants in the BRI,
“are prepared to embark on
the second phase of the initiat­
ive, which is expected to make
a more substantial economic
contribution.”
JOINT STATEMENT
Shen is in Sri Lanka after parti­
cipating in President Mo­
hamed Muizzu’s inaugural ce­
remony in neighbouring
Maldives on November 17. Her
visit comes a month after Pres­
ident Wickremesinghe met
plunging, Kishida has
pledged to achieve another
year of robust pay hikes and
avoid the economic stagna­
tion Japan saw in the late
1990s and early 2000s.
The prime minister last
week called on the business
community to beat this
year's wage growth in 2024.
Kishida has offered sub­
sidies and tax incentives for
firms that carry out bold pay
hikes and plans to allow loss­
making SMEs who don't pay
taxes to benefit from tax
breaks later on.
The premier also aims to
give SMEs more bargaining
power in negotiations with
bigger clients.
Another year of solid
wage growth would also help
the BOJ pursue an end to its
controversial monetary
stimulus. Markets are bet­
ting the central bank could
end negative interest rates
by around April, when it gets
more clarity on wages.
The BOJ's quarterly
terms and conditions for fin­
ance to the real economy," it
added.
PERCEPTION MATTERS
The ECB argued that banks'
exposure to rising corporate
credit risk and the percep­
tion of the shares as value
stocks play a big part in stag­
nant valuations.
Fundamentals, however,
do not fully account for cur­
rent valuation and
heightened uncertainty
about future shareholder
payouts may also be playing a
part, the ECB added.
Some euro zone govern­
ments are now implement­
ing taxes on banks and even
the ECB is discussing an in­
crease in unremunerated
mandatory reserves, which
would reduce earnings.
said, without naming Truss
or her chancellor, Kwasi
Kwarteng. “There’s no way
if you’re borrowing £28 bil­
lion more that you can cut
people’s taxes.”
TAX STRATEGY
The government believes it
can turn its attention to
growth­enhancing tax cuts,
such as business reforms, as
part of a broader long­term
strategy that draws a clear
line with what the Tories
describe as the interven­
tionism of Labour’s
“securonomics” economic
plan. There has been
mounting speculation
about cuts to inheritance
tax and national insurance
as a way recovering some of
the Tories’ 20 point polling
deficit to Labour before the
election expected next year.
Chinese President Xi Jin­
ping in Beijing, on the side­
lines of the third Belt and
Road Forum for Interna­
tional Cooperation. A joint
statement issued by the two
governments at the time said
Sri Lanka reiterated it would
“continue to actively parti­
cipate” in the Belt and Road
Initiative proposed by China.
In Monday’s meeting,
President Wickremesinghe
“expressed gratitude for Chi­
na’s support to Sri Lanka,
notably acknowledging their
assistance in the country’s
debt restructuring pro­
gramme,” his office said. Sri
Lanka is attempting to final­
ise a debt treatment plan with
its official creditors, so it can
receive the second tranche of
the International Monetary
Fund’s nearly $3 billion pack­
age for economic recovery,
following last year’s crisis.
Meera Srinivasan is The Hindu
Correspondent in Colombo
tankan business survey in
December and wage talks
between Japan's largest
business lobby and Rengo in
January may offer even
earlier clues.
The key, however, would
be whether wage hikes
broaden to smaller firms and
those in the regional areas.
A report by the BOJ's re­
gional branch managers in
October warned wage hikes
remained uneven among
sectors with many firms un­
decided on next year's pay
increments.
In Saitama prefecture,
north of Tokyo, Nitto­Seim­
itsu Kogyo Co., a small man­
ufacturer of auto­part tools
that has 113 employees, is
raising wages by around 2
per cent every year, but
won't be able to pay more.
“I want to raise wages
more for our employees to
help our workers cope with
high inflation but 2 per cent
is our limit,” said factory
boss Keita Kondo.
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10 . bl . commodities.agri.business
QUICKLY.
Gold drops as US Treasury
yields bounce back
Gold prices were off last
session's two­week highs on
Monday as US Treasury yields
bounced back, with investors
looking forward to the minutes
of Federal Reserve's last meeting
to gauge the US central bank's
policy stance. Spot gold was
down 0.1 per cent to $1,977.30
per ounce as of 1017 GMT, after
rising to as high as $1,993.29 on
Friday. REUTERS
Arabica coffee climbs on
low exchange stocks
London: Arabica coffee futures
on ICE rose on Monday with
the market supported by low
exchange stocks. March arabica
coffee rose 2.8 per cent to
$1.7130 per lb by 1523 GMT
although prices remained well
below last week's near
five­month peak of $1.7635.
Dealers said recent rains in
Brazil had helped to stall the
recent run­up. REUTERS
Soyabeans up on Brazil
weather worry, weaker $
Hamburg: Chicago soybeans on
Monday as dealers assessed
forecasts of rain for Brazilian crops,
while a weaker dollar boosted
export prospects by making US
supplies cheaper in international
markets. Chicago Board of Trade
most­active soybeans rose to
$13.44­3/4 a bushel, after dropping
to its lowest since November 3
earlier on Monday. REUTERS
G2G deals: Indian rice importers seek export duty waiver
Subramani Ra Mancombu
Chennai
Some of the countries that
have been allowed to receive
Indian white rice on govern­
ment­to­government (G2G)
deals are seeking waiver of
customs duty on the cereal’s
consignments.
African countries are the
main ones seeking duty­free
imports of rice from India,
trade sources said.
Customs officials imposed
a 20 per cent duty on white
rice consignments of 5,300
tonnes from Visakhapatnam
port last month to Port Louis
in Mauritius.
FTA EXEMPTION
“Some of the buyers who are
getting rice through G2G
deals are arguing why India
should impose an export duty
for such deals.” an exporter
said on condition of
anonymity.
Official sources said while
white rice exports, which are
BharatRohan to diversify into
exports of farm produce
Vishwanath Kulkarni
Bengaluru
Agritech start­up BharatRo­
han, which provides drone­
based precision farming ser­
vices to farmers is diversifying
into exports of cash crops such
as cumin, coriander, chilli and
ginger.
Amandeep Panwar, Dir­
ector and co­founder of
BharatRohan, said the com­
pany would soon start export­
ing residue­free farm produce
such as cumin, coriander, chilli
and ginger to the markets in
the European Union and
China, sourcing directly from
farmers who have been grow­
ing them using the integrated
pest management (IPM)
methods. The company has
been procuring from farmers
directly and supplying to the
large institutional buyers.
Sensing a market opportunity,
the company now wants to
CM
YK
Prices of spices may cool from
Jan on arrival of new crops
SPREADING AROMA. India must ship to CIS, Africa and South America: Spices body chief
KV Kurmanath
Hyderabad
Prices of various spices, par­
ticularly cumin, are likely to
cool off from January 2024,
when new arrivals from the
kharif season are expected
to hit the market. “Last year,
the prices have hit an all­
time high for many of these
spices like cumin. We expect
the prices to fall from Janu­
ary to March 2024 when we
see the new arrivals. We ex­
pect a good crop and it will
help prices stabilise,”
Ramkumar Menon, Chair­
man of World Spice Organ­
isation, told businessline.
Menon, who was here for
the National Spices Confer­
ence 2023 held here last
week, said that India, which
exported $4 billion worth
spices last year, needed to
look at increasing value ad­
dition and opening up new
international markets.
India tops China in inland capture water fisheries; one of top 3 producers now
V Sajeev Kumar
Kochi
India has overtaken China to
become the largest contrib­
utor of inland capture water
fisheries, thereby emerging as
one of the top three fish­pro­
ducing countries in the world.
WORLD
FISHERIES DAY.
T Pradeepkumar, Vice
Chancellor, Kerala University
of Fisheries and Ocean Stud­
ies (Kufos), said the country’s
growth in both aquaculture
and capture fisheries has been
phenomenal in the last few
decades due to meticulously
planned projects and develop­
BURDEN ON POOR NATIONS. The 20 per cent duty on rice
exports increases the landing cost of rice by $80­85 a tonne
G2G deals since the Centre
has banned its shipments, are
levied a 20 per cent export
duty, no tax is imposed on con­
signments heading to nations
with which India has a free
trade agreement (FTA). “In­
dia is not imposing export
duty on countries which have
entered into an FTA with it.
That way, there is no duty for
consignments heading to
Nepal, but it is imposed on
The company, in
collaboration
with the
bio­input makers,
has been engaged
with farmers on
the use of IPM
methods
enter the export markets dir­
ectly and has acquired the ne­
cessary certifications, Panwar
said.
PRECISION FARMING
The company, in collaboration
with the bio­input makers, has
been engaged with farmers on
the use of IPM methods.
BharatRohan is sourcing
ginger from farmer groups in
Meghalaya, cumin and cori­
ander from Rajasthan and has
recently started working with
farmers in Guntur region for
chillies and turmeric in Telan­
EFFECTIVE STRATEGY. Export share of value­added
products needs to be increased from 50% to at least 75%
to touch the $10­billion export target by 2030
“From a level of ₹250, prices
of cumin went up to ₹640 a
few months ago. Now it’s
come down to ₹450,” he
said.
“We may not go back to
the old levels, but then I
think it will stabilise a bit,”
he said.
“At present, about 50 per
cent of the spices exports
are value­added products
such as extractions, spice
mixes and spices oils. We
mental strategies, especially
with the outlay of ₹20,5000
crore under Prime Minister’s
Matsya Sampada Yojana.
On the occasion of World
Fisheries Day, Parshottam
Rupala Union Minister of
Fisheries Animal Husbandry
and Dairying said the coun­
try’s inland fish production
reached a remarkable 131 lakh
tonnes, doubling over the past
nine years following the stra­
tegic government initiatives.
BLUE REVOLUTION 2.0
According to the Kufos VC,
the growing role of fisheries
and aquaculture in meeting
global food security, nutrition
and employment is being dis­
cussed like never before by
planners and policymakers.
those for Bhutan,” the ex­
porter said.
In October, the govern­
ment allowed exports of 10.34
lakh tonnes (lt) of non­bas­
mati white rice to seven coun­
tries on G2G basis, to be
handled by the National Co­
operative Export Ltd (NCEL).
As per the notification, the
maximum quantity of rice —
2.95 lt — was allocated to the
Philippines, while Cameroon
gana. The company has been
offering its precision farming
services to farmer groups
across five states —Uttar Pra­
desh, Rajasthan, Haryana,
Punjab and Meghalaya— on
about 50,000 acres. “We are
also working with the Haryana
and Uttar Pradesh govern­
ments for crops such as paddy
and wheat.” he said.
“Our target is to expand the
services from the current
50,000 acres to 5 lakh acres
over the next 18­24 months,”
Panwar said. The company is
expanding its footprint to
States such as Maharashtra,
Madhya Pradesh and Telan­
gana. Currently, BharatRohan
is working with about 10
farmer producer organisa­
tions and is in the process of
partnering with some 123
more to scale up its opera­
tions.
Drone­based precision
farming services will remain
the core, Punwar said.
need to increase this to at
least 75 per cent in order to
touch the $10­billion export
target by 2030. We are likely
to touch the $5­billion mark
by 2025,” he said.
He said that the country
should also focus on im­
proving the quality of the
output with domestic and
international standards be­
coming tougher by the day.
India exports 15 per cent of
the total output of 10.3 mil­
SEA CHANGE. The country’s inland fish production has surged
to 131 lakh tonnes, doubling over the past nine years following
strategic government initiatives
Several initiatives includ­
ing biofloc farming, integ­
rated multi­trophic aquacul­
ture mangrove­based organic
farming, trout culture in tem­
perature­controlled indoor
got 1.9 lt, Malaysia 1.7 lt, Cote
d’Ivoire 1.42 lt, Republic of
Guinea 1.42 lt, Nepal 95,000
tonnes and Seychelles 800
tonnes. The Centre has al­
lowed NCEL to handle the
G2G as part of its efforts to
promote cooperatives,
though a section of the trade
has questioned the decision.
“Despite the fact that farmer
producer organisations and
farmers, from whom NCEL
will procure, stand to gain,
Customs authorities are im­
posing a duty,” said the
exporter.
Sources said NCEL has so
far exported 5,301 tonnes to
Mauritius and 1,150 tonnes of
rice to Bhutan. The organisa­
tion is at an advanced stage of
negotiations to ship the cereal
to the Philippines, Seychelles,
Cameroon and Singapore.
Trade sources said while
policy decisions are taken by
the Commerce Ministry, the
duty is imposed by Customs
officials, who say the orders
are clear and unambiguous.
Stay away from copper
futures, go long above ₹715
Akhil Nallamuthu
bl. research bureau
Copper futures (November
expiry) on the Multi Com­
modity Exchange (MCX) saw
their prices decline in Septem­
ber. The contract has been os­
cillating between ₹695 and
₹715 since early October as the
bears lost the momentum.
COMMODITY
CALL.
Last week, they closed at
₹711.5. Currently, the con­
tract is testing the upper
boundary of the band. Notably,
the price has now moved
above both 20­ and 50­day
moving averages (DMAs).
If copper futures break out
of ₹715, it can see a swift rally
to ₹730, its nearest hurdle.
Subsequent resistance is at
₹740.
On the other hand, if the
contract falls from the current
lion tonnes and consumes
the remaining the remaining
85 per cent domestically.
NEW MARKETS
He said the country should
also look at newer export
markets such as the CIS,
Africa and South America as
it attempted to reach the
$10­b export target.
“We used to serve the
Central Asian countries
markets via Russia but it was
cut off. We need to revive
these markets. We should
also look at the opportunity
in South American and
African markets,” he said.
Menon said that ensuring
the safety of “our spices is
not only a responsibility but
a commitment towards
building a resilient and sus­
tainable future for our farm­
ers and consumers alike.
The industry should also en­
sure that all stakeholders
have access to a better and
more sustainable income.”
facilities, cage culture, sea­
weed culture, production of
high­value ornamental fish
and so on have become popu­
lar in different parts of the
country. Kufos has been fo­
The 20 per cent duty on rice
exports increases the landing
cost of rice by $80­85 a tonne.
For some of the poor African
countries, this might be a bur­
den, say trade sources. Cur­
rently, Indian parboiled rice is
quoted at $498­502 a tonne
f.o.b, according to the Thai
Rice Exporters Association.
businessline’s Hyderabad
correspondent KV Kur­
manath who visited Cote
d’Ivoire last month reported
that Indian curbs have resul­
ted in rice prices increasing by
25­30 per cent in the African
nation. Three of the top five
countries importing Indian
rice are in Sub­Saharan Africa
– Benin, Senegal and Cote
d’Ivoire – with each buying
over one million tonnes in
2022.
India has resorted to curbs
on rice exports since Septem­
ber 2022 on food security
grounds, particularly when
wheat production wasgot af­
fected in 2022 and 2023 due to
indifferent weather.
levels, there is a support at
₹706 where the 20­DMA cur­
rently lies. If copper futures
slip below this level, it can
retest the lower band of the
range at ₹695.
Stay on the fence and initi­
ate fresh buys when copper fu­
tures break out of the resist­
ance at ₹715. Target and
stop­loss can be at ₹730 and
₹708, respectively.
Traders holding shorts can
retain the trade with stop­loss
at ₹717. But once ₹715 resist­
ance is clearly breached and
the stop­loss at ₹717 is
triggered, go long as suggested
above.
REVIVING SUNFLOWER
HIGH­YIELDING VARIETY. Farmers taking a close look at a demonstration plot of a new
high­yielding sunflower hybrid, KBSH­85, at the University of Agricultural Sciences, Bengaluru.
Currently, the university is carrying out a four­year project, launched in 2022, to revive sunflower
cultivation. The hybrid was cultivated on 50 acres during kharif season this year in Challakere taluk,
Chitradurga district, Karnataka VISHWANATH KULKARNI
cusing on standardising the
breeding technologies of indi­
genous cultivable fishes with
the intention of bringing
more diversity in the pool of
species available for aquacul­
ture.
LONG ROAD AHEAD
Rajamanohar
Somasundaram, Founder and
CEO, Aquaconnect said,
“With 8 per cent share in
global fish production, India is
the second largest aquacul­
ture producer, third largest
fish producer, and fourth
largest seafood exporter, put­
ting us on top spot when it
comes to global seafood pro­
duction. This growth traject­
ory in the last two decades is
what makes aquaculture a
UAS­Bengaluru develops low­cost,
eco­friendly raw milk cooling unit
Vishwanath Kulkarni
Bengaluru
The University of Agricultural
Sciences­Bengaluru (UAS­B)
has developed a low­cost, eco­
friendly mini refrigerator for
cooling of raw milk, which can
be used by small dairy farmers
to maintain the quality of milk
before pouring it at the collec­
tion centres.
CT Ramachandra, Professor
and Head, Department of Pro­
cessing and Food Engineering,
UAS­B said the solid­state
cooling module or the mini­
cooling unit has been de­
veloped under a World Bank­
funded project and is ready for
commercialisation.
PELTIER EFFECT
The mini cooling unit has a ca­
pacity of five litres and runs on
electricity. It can also be oper­
ated using a 12 volt battery. The
solid state cooling module is an
Subdued demand affects tea
prices at Coonoor auctions
V Sajeev Kumar
Kochi
A subdued demand after Di­
wali has dragged tea prices at
Coonoor auctions, registering
adrop of ₹1­2 per kg for almost
all grades.
Traders said the market has
not picked up after the festival
season with the sentiment be­
ing muted. A fair amount of
teas were out­listed from the
trade. Besides, the early set­
ting of winter with night tem­
peratures coming down is
likely to affect the overall crop
in tea gardens which might af­
fect arrivals to the auctions in
the coming weeks, they said.
UNIT VALUE UP
The quantity offered in leaf
category was 17,60,531 kg with
a sales percentage of 75. In
dust, the offerings were
4,87,167 kg with a sales per­
centage of 82. Rajesh Gupta,
Managing Director, Global
sunrise sector, paving the way
for Blue Revolution 2.0”.
To move ahead and sustain
the country’s position in
global fisheries production,
he said it is essential to ad­
dress the critical gaps in the
sector.
Unlike other industries,
aquaculture still has a long
road ahead when it comes to
embracing technological
solutions.
“This hinders us from real­
ising the true potential, be it
on the production front, con­
sumption, or even exports.
But we have the opportunity
to advance AI and satellite re­
mote sensing that can bring
transparency, efficiency, and
predictability in both produc­
tion and post­harvest value
Prof C T Ramachandra with
the low cost, eco­friendly
mini milk cooling unit
alternative to the conventional
cooling system and works on
the principle of Peltier Effect,
Ramachandra said. “Unlike the
conventional refrigeration sys­
tem, which releases CFC gases
due to the use of refrigerants as
cooling media, this solid state
cooling module does not emit
any harmful gases and is an
eco­friendly green techno­
LOSING STEAM. The early setting of winter with night
temperatures coming down is likely to affect the overall crop
Tea Auctioneers, said South
India exports were down by
2.83 million kg in quantity and
value of exports declined by
₹0.42 crore. But the unit price
realisation inched up by
₹11.79 per kg due to the short­
age of teas in North India.
South India auction price av­
erage showed improvement in
1 and Q2, while Q3 averages
declined. This resulted in
erosion of profits gained dur­
ing the initial months of 2023.
DELHI
businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023
chain and drive the sector for­
ward”, he said.
At the same time, there is a
pressing need to promote do­
mestic consumption of sea­
food. With innovative mar­
keting efforts, we can reach
the masses across the nation.
In comparison to the evolu­
tion of poultry, he said sea­
food is still at a nascent stage
when it comes to value addi­
tion.
Aquaculture is one of the
key pillars of global food se­
curity and providing liveli­
hood to millions of farmers, it
is essential to drive such ef­
forts to make the sector more
resilient with stable market
dynamics to continue to feed
the globe and fulfil growing
protein demand, he said.
logy,” Ramachandra said.
However, the cooling effi­
ciency of this solid state refri­
geration unit is marginally
lower than the conventional
refrigeration systems.
Small dairy farmers in vil­
lages and remote areas can use
this mini cooling unit to bring
down the temperature of the
milk, before pouring it at the
local collection centres. When
milked, the temperature of the
milk that flows from the cow’s
udder ranges around 35­37° C
and has to be cooled to less
than 10 degrees to reduce mi­
crobial activity. The developed
refrigerator module will help
bring down the temperature
and maintain it less than 10° C,
Ramachandra said.
Ramachandra said the cost
of the mini refrigerator module
works out to around ₹10,000
per unit and that the university
has been getting enquiries for
commercialisation of the tech­
nology.
In the auctions, high­priced
teas in CTC leaf were barely
steady to occasionally dearer
by ₹3 to 4. The better liquoring
sorts were lower by ₹2 to 3
with some withdrawals. The
mediums and plainer sorts
had less demand and sold
lower by ₹2 to 3 and fair
amount of teas were outlisted.
In CTC dust, the high­
priced and better liquoring
sorts were lower by ₹3 to 4 and
more with some withdrawals.
... . . . . . . ND­NDE

DELHI
businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023
QUICKLY.
Skill development scam: AP
HC grants bail to Naidu
Hyderabad: Andhra Pradesh High
Court on Monday granted a
regular bail to Telugu Desam Party
chief and former Chief Minister of
Andhra Pradesh N Chandrababu
Naidu in the skill development
fraud case. The conditions
applicable to the interim bail will be
in force only till November 28,
the court said adding that Naidu
will be free to participate in
political rallies and meetings from
November 29. OUR BUREAU
EPFO adds 17.21 lakh net
members in September
New Delhi: Retirement fund body
EPFO recorded a net addition of
17.21 lakh members in September,
according to payroll data released
on Monday. Month­on­month
comparison of payroll data shows
an increase of 21,475 net
members over August 2023, a
Labour Ministry statement said. PTI
FSSAI operationalises amended micronutrients India and Australia hold 2+2 Ministerial
limits in premix for fortified rice kernels Dialogue to step up strategic ties
Meenakshi Verma Ambwani
New Delhi
The Food Safety and Stand­
ards Authority of India (FS­
SAI) has decided to operation­
alise draft amendment
regulations regarding stand­
ards of vitamin and mineral
premix used for manufactur­
ing fortified rice kernels
(FRKs). These amendment
regulations define limits for
addition of micronutrients in
vitamin and mineral premix
used to make FRKs.
Fortified rice kernels are
either coated rice kernels or
extruded rice­shaped kernels
prepared with a premix of vit­
amins and kernels.
In its latest order, the food
Bharatmala Pariyojana project costs To modernise and create sustainable pathways,
have doubled on pricier inputs: ICRA World Coal Assn transforms into FutureCoal
Our Bureau
New Delhi
Project costs under Bharat­
mala Pariyojana (BMP) have
more than doubled to
₹10.64­lakh crore at an aver­
age cost of ₹31.6 crore per
km relative to the initially ex­
pected amount, owing to
steep rise in input cost and
the increase in land acquisi­
tion cost, ICRA said on
Monday.
Pending the cabinet ap­
proval for the revised cost of
Bharatmala Phase­l, project
awarding activity in the re­
cent quarters took a beating,
declining by 48 per cent y­o­y
to 2,595 km during the first
seven months of FY24 com­
pared with 5,007 km during
the same time in FY23, the
ratings agency said.
ICRA expects the award­
ing activity to contract over
30 per cent y­o­y in FY24, it
Disney+Hotstar hits 5.9­cr viewers for World Cup final
The unwavering support of Indian fans has propelled us to new heights: India chief
Our Bureau
New Delhi
Disney+ Hotstar set a new
viewership record during
the World Cup finals. The
platform saw 5.9 crore
peak concurrent viewers
tuning in to watch the
match between India and
Australia.
The platform achieved
peak concurrency of 3.5
crore viewers during India
vs Pakistan match, which
was followed by 4.3 crore
peak concurrent viewers
during the India vs New
Zealand match. In the In­
dia vs South Africa match,
4.4 crore viewers peak
concurrent viewers tuned
in and, most recently, the
platform achieved a peak
concurrency of 5.3 viewers
during the semi­finals
CM
YK
TN Governor cannot sit on re­passed Bills: Apex court
NO DISCRETION. What was the Governor doing for 3 years, asks Supreme Court; says that once re­passed, they become Money Bills and cannot be rejected
Krishnadas Rajagopal
New Delhi
The Supreme Court on
Monday took note of Tamil
Nadu government's argument
that the Constitution does not
provide Governor RN Ravi
“discretion” to withhold 10
Bills “re­passed” by the State
Legislative Assembly.
“Once they have been re­
passed, these Bills are put in
the same footing as Money
Bills. Then you (Governor)
cannot reject...” Chief Justice
of India DY Chandrachud,
heading a three­judge Bench,
remarked.
The court was reacting to
arguments raised by the State,
represented by senior advoc­
ates AM Singhvi, Mukul Ro­
hatgi, P Wilson and advocate
Sabarish Subramanian, that
the first proviso of Article 200
states that “if the Bill is passed
again by the House or Houses
with or without amendment
and presented to the Gov­
ernor for assent, the Governor
shall not withhold assent
therefrom”.
But, at one point, the Chief
safety authority noted that the
amendment regulations were
being operationalised to
strengthen the national forti­
fication programme.
The food safety authority
noted that the finalisation of
amendment regulations post
consideration of stakeholder
comments are likely to take
some time.
“Meanwhile, to strengthen
the national fortification pro­
gramme and its implementa­
tion, it has been decided to op­
erationalise the provisions
related to the limits of mi­
cronutrients in vitamin and
mineral premix for manufac­
turing of FRK with immediate
effect,” the FSSAI stated in an
order dated November 17.
These standards define the
added. ICRA V­P and Co­
Group Head (Corporate Rat­
ings) Ashish Modani said
that almost 95 per cent of the
road awards by the Ministry
of Roads and Transport and
Highways (MoRTH) in the
last five years were awarded
through the hybrid annuity
model (HAM) and the engin­
eering, procurement and
construction (EPC) route,
wherein the entire funding
burden lay on the Ministry.
SHIFT TO BOT PROJECTS
“The burden on MoRTH in
case of BOT (toll) projects is
much lower, given the sub­
stantial cost escalation in the
BMP and consequent in­
crease in funding require­
ment. The MoRTH has thus
shifted its focus on to BOT
(toll) projects,” he added.
While the average number
of bidders for the EPC and
the HAM projects stood at 15
GOOD INNINGS. The platform achieved peak concurrency
of 3.5 crore viewers during India­Pakistan match, followed by
4.3 crore viewers during the India­New Zealand match PTI
between India and New
Zealand.
In a statement, Sajith
Sivanandan, Head, Dis­
ney+ Hotstar India, said:
“The ICC Men’s Cricket
Justice asked whether the
Governor had to mandatorily
send the Bills back to the
House for re­consideration
after withholding assent. ''Can
he simplicitor say 'I am with­
holding assent' without send­
ing the Bills back to the
House?" the CJI asked.
Singhvi responded that re­
turning the Bills back to the
House was a necessary corol­
lary to the withdrawal of
assent.
NO REASON GIVEN
The court also acknowledged
the State's submission that
Governor, having withheld as­
sent and sent back the Bills
once, cannot refer the reiter­
ated Bills to the President.
The Bills had been sent for
approval to the Governor’s of­
fice in the period between
January 2020 to April 2023.
The State had complained to
the court that the Governor
was holding them back indef­
initely, defeating the rights of
the people of Tamil Nadu to
the benefits of crucial laws
passed by the House.
The Governor had withheld
assent and "returned" the Bills
permissible limits for addition
of micronutrients per 100 g of
vitamin and mineral premix,
(considering the 2 per cent
rate of addition in manufac­
turing FRK).
PRESCRIBED LIMITS
As per the operationalised
amendment regulations, the
limits of vitamin B9, also
known as folic acid, have been
set at 45­55 mg per 100 gms of
the premix. For Vitamin B12,
limits have been set at 0.45
­0.55 mg per 100 gms of the
premix.
For iron (Ferric pyrophos­
pate) limit has been set at 17­
20 g per 100 gms of the vitamin
and mineral premix. For So­
dium Feredetate, the limit has
been set at 8­10 gm per 100 gm
and 8, respectively, in case of
BOT (toll), it remained be­
low 5, ICRA pointed out.
The toll road projects en­
tail significant upfront
equity commitment when
compared to HAM in addi­
tion to market risk exposure.
Given the limited number of
technically­qualified bidders
and low bidding appetite for
BOT (toll) projects, the Min­
istry’s push to shift to these
projects may remain challen­
ging, it added.
“Most road developers
have a comfortable order
book and the road execution
momentum is expected to
remain strong in the current
fiscal. This is also evident
from the execution in the
current fiscal, wherein road
construction has grown by
10 per cent during 7MFY24;
ICRA expects overall execu­
tion to improve by 16­21 per
cent in FY24,” Modani said.
World Cup 2023 will be re­
membered not just for its
sporting excellence, but
for the incredible passion
it ignited among fans.
“With a staggering 5.9
IN CONFORMITY. The Supreme Court seemed to prima facie
agree with the State government’s argument citing Article 200
of the Constitution
to the House on November 13,
the State said.The Tamil Nadu
Assembly had convened a spe­
cial session on November 18
to re­pass the Bills and send
them back to the Governor for
approval.
“The Governor returned
the Bills with just one line ‘I
withhold consent’. What was
the Assembly supposed to do?
So, the House re­passed the
Bills… The Governor has to re­
turn the Bills with a message
spelling out reasons why he
has returned the Bills,” Ro­
hatgi pointed out.
of the premix used to manu­
facture FRK.
The Centre’s fortified rice
programme aims to supply
fortified rice in all States and
Union Territories through tar­
geted public distribution sys­
tem by 2024 in a phased
manner.
Meanwhile, FSSAI has also
released guidelines for
sampling of fortified rice ker­
nels (FRK) and fortified rice
(FR) and vitamin mineral pre­
mix (VMP) for FRK. “The pre­
scribed method of sampling
are designed to ensure that fair
and valid sampling procedures
are used, when FRK, FR and
VMP for FRK are being tested
for compliance with a particu­
lar commodity standard,” the
food safety authority said.
Our Bureau
New Delhi
With an aim to modernise
and create a sustainable
pathway for the coal value
chain, the World Coal Asso­
ciation (WCA) has unveiled
a new brand identity, Future
Coal.
WCA, a global platform
for the coal sector, will cease
after almost four decades
and is transforming into a
new identity after a call
from the coal and allied sec­
tors to modernise as well as
unite under a common
purpose.
“For too long, our global
coal value chain has allowed
anti­coal sentiment to dom­
inate and fragment us,
which has resulted in a
lowering of the global coal
IQ. This has diminished the
crore concurrent viewers
tuning in on Disney+ Hot­
star for the final — almost
twice as high as any peak
concurrency record set be­
fore the tournament —
the unwavering support of
Indian cricket fans has
consistently propelled us
to new heights in live
sports streaming. It has
been a privilege matching
their zeal with our
innovation.”
KABADDI LEAGUE
Following the success of
the Asia Cup 2023 and the
ICC Men’s Cricket World
Cup 2023, Disney+ Hot­
star recently announced
that Pro Kabaddi League
Season 10 will be made ac­
cessible to all mobile users
without the need to
subscribe.
Singhvi said the Governor
neither returned the Bills with
a “message” suggesting
amendments to the proposed
laws nor cited reasons for
withholding his consent. Be­
sides, he sat on the Bills indef­
initely for nearly three years.
Singhvi said the Governor
had returned the Bills without
a “message” suggesting
amendments to the proposed
laws nor cited reasons for
withholding his consent. Be­
sides, he had sat on the Bills in­
definitely for nearly three
years.
Press Trust of India
New Delhi
India and Australia on
Monday held 2+2 Ministerial
Dialogue to step up defence
cooperation and deepen the
strategic relationship in sec­
tors such as critical minerals
and trade and investment.
Defence Minister Rajnath
Singh and External Affairs
Minister S Jaishankar met
Australian Deputy Prime
Minister and Defence Minis­
ter Richard Marles and For­
eign Minister Penny Wong
here as part of the second In­
dia­Australia 2+2 Ministerial
Dialogue.
In a post on X, External Af­
Coal and more
specifically, a
wider definition
of abated coal
solutions exist and
will be needed in any
energy transition,
said FutureCoal
Chief Executive
Michelle Manook
capacity and progress of
many vulnerable developing
and emerging nations, but
also now we see those of
some developed nations,”
FutureCoal Chief Executive
Michelle Manook said at a
media briefing.
“Coal and more specific­
ally, a wider definition of
abated coal solutions exist
and will be needed in any
Improving regimens for drug­resistant TB in children, adults
PT Jyothi Datta
Mumbai
From child­friendly medi­
cines to shorter regimens for
adults, several studies were
presented at the recently
concluded Union Lung
Health conference in Paris
to address multi­drug resist­
ant tuberculosis (MDR­TB).
Four key studies address­
ing MDR­TB prevention and
treatment for children were
presented by the Unitaid­
funded BENEFIT Kids pro­
ject to address gaps, includ­
ing how to best dose TB
medicines for children – a
key access barrier.
The studies led by the
Desmond Tutu TB Centre,
Stellenbosch University
(South Africa), bolster ef­
forts “to produce more
child­friendly, better­tasting
medicines and formulations,
to improve uptake, accept­
ability, and outcomes among
children”, said a note on the
“The Governor says he dis­
posed of the Bills on Novem­
ber 13, 2023. Our order issu­
ing notice to the petition (filed
by Tamil Nadu) was on
November 10. These Bills
have been pending since Janu­
ary 2020. The Governor took
action only after we issued no­
tice in the matter. Why should
Governors want parties to
move the Supreme Court to
start taking steps? In this case,
what was the Governor doing
for three years?” Chief Justice
Chandrachud asked Attorney
General R Venkataramani.
TIME LIMIT SOUGHT
Wilson urged the court to fix a
time limit for Governors. “We
have to run the governance of
the State. Every time, we can­
not come to the Supreme
Court. Seven crore people are
affected,” he submitted.
Singhvi said the Governor
has to function within the
State Legislature. “He cannot
exercise a pocket veto,” the
senior lawyer contended.
Wilson said the Governor
exercises his power of assent
with the aid and advice of the
Council of Ministers.
DEEPENING TIES. Defence Minister Rajnath Singh and External Affairs Minister S Jaishankar with
Australian Deputy Prime Minister and Defence Minister Richard Marles and Foreign Affairs Minister
Penny Wong during the India­Australia 2+2 Ministerial Dialogue in New Delhi PTI
fairs Ministry spokesman
Arindam Bagchi said, “Minis­
ters will exchange views on
deepening multifaceted In­
dia­Australia ties, including
in areas of defence and secur­
ity, trade and investment,
critical minerals, energy, cli­
energy transition. This crit­
ical resource is a legitimate
participant in both eco­
nomic development and
emissions abatement,”
Manook said.
WIDER PERSPECTIVE
FutureCoal Founding Dir­
ector and Vice Chairman
Stepan Solzhenitsyn em­
phasised that this meta­
morphosis signifies a crucial
juncture for the industry at
large.
“It involves adopting a
wider perspective, diversi­
fying our energy mix, and
actively incorporating tech­
nologies that aid in reducing
emissions and enhancing ef­
ficiency. This entails invest­
ing in technologies that mit­
igate coal emissions and
exploring uses beyond com­
bustion, such as hydrogen
production, ammonia for
studies. And, “it was motiv­
ated by the fact that the
treatment of MDR­TB in
children still lags dramatic­
ally behind recent advances
in adult MDR­TB treat­
ment”, it added.
INNOVATIVE APPROACH
The teams at Stellenbosch
University, along with the
University of California (San
Francisco), pooled data from
five previously published
studies with more than 240
children receiving levofloxa­
cin.
“This innovative ap­
proach has identified op­
timal doses of levofloxacin
that can inform paediatric
treatment guidelines,” said
the note.
The studies complement
the project’s PERFORM
trial, in which researchers
compared a new paediatric
dispersible tablet formula­
tion of levofloxacin to the
current crushed levofloxacin
adult tablets, examining the
news . bl . 11
He referred to the Con­
stituent Assembly debates to
highlight the statement made
by TT Krishnamachari, the
member from Madras and
later Finance Minister, that a
“Governor cannot act on his
own, he can only act on the ad­
vice of the Ministry… When a
Governor sends a Bill back for
further consideration, he does
so expressly on the advice of
his Council of Ministers”.
Krishnamachari had ex­
plained that if the Bill passed
by the Legislative Assembly
needs modification or has
been a product of hasty action
or has garnered adverse public
opinion, the government uses
the Governor to return the Bill
to the Lower House as quickly
as possible for re­legislation.
The first proviso to Article 200
was thus a “saving clause” and
retained the power and discre­
tion over the fate of the Bill
solely in the hands of the State
Cabinet.
DELAY IN FUNCTION
“What was the Governor do­
ing when these Bills were
given to him?” the Chief
Justice asked Venkataramani.
mate change, S&T, space,
education and people to
people linkages. Regional
and global issues are also on
agenda.” Ahead of the meet­
ing, Wong and Marles visited
the National War Memorial
to pay respects to those who
fertilisers, and support for
industries like cement and
steel. The possibilities are
limitless, and we stand
ready to capitalise on
them,” he added.
The FutureCoal global al­
liance will embed this trans­
formation through Sustain­
able Coal Stewardship
(SCS). The SCS platform al­
lows coal­based economies
like India and China and
like­minded nations, and
corporations to form collab­
orations to advance a pro­
gressive and technology and
solutions­led international
coal value chain industry.
Sustainable coal steward­
ship (SCS) provides a path­
way which supports extract­
ing more value per tonne of
coal. Value is determined
and measured in both eco­
nomic and environmental
benefits.
acceptability of the two
medicines forms among
children. Results were also
presented from CATALYST,
ChilPref and TB­CHAMP
studies to provide new evid­
ence to reduce the toll of
MDR­TB in children.
The CATALYST trial stud­
ied the tolerability, among
other features, of new child­
friendly formulations of clo­
fazimine and moxifloxacin.
This international multi­
country study was conduc­
ted in India with partners
from BJ Medical College and
Johns Hopkins University,
Philippines, with De La Salle
Medical and Health Sciences
Institute, and South Africa,
said the note.
In the ChilPref study, re­
searchers from Stellenbosch
University and TB Alliance
evaluated the taste of formu­
lations, moxifloxacin and
linezolid, preferred by chil­
dren. This research asked
children to give their input
on how medicines should
The Attorney General said
the present Governor had as­
sumed office only in Novem­
ber 2021.
“The question here is not
which particular Governor
has delayed the exercise of his
Constitutional function. The
question here is whether, in
general, there has been a delay
in the Constitutional func­
tion… We are talking about the
office of the Tamil Nadu Gov­
ernor,” Chief Justice
Chandrachud clarified with
the Attorney General.
Venkataramani submitted
that 182 Bills were given to the
Governor by the House for ap­
proval. Of this, 152 have been
approved, five were with­
drawn by the government and
nine reserved by the Governor
for referral to the President.
“Out of the 10 Bills on
which the Governor had with­
held consent, the real issue is
the amendments made to the
State universities’ legislation
by which the Chancellor (Gov­
ernor) is deprived of his
powers to select the Vice­
Chancellors,” Venkataramani
The court scheduled the
next hearing on December 1.
sacrificed their lives. “India
and Australia have a long his­
tory of military relations –
Australian soldiers have
fought alongside Indian
troops in a number of cam­
paigns, including at Gal­
lipoli,” Wong said on X.
Cipla Pithampur
unit gets USFDA
warning letter
Our Bureau
Mumbai
Drugmaker Cipla an­
nounced that it has received
a warning letter from the
United States Food and
Drug Administration
(USFDA) following an in­
spection earlier this year at
its Pithampur site in Indore.
“This warning letter sum­
marises contraventions re­
garding methods or controls
followed at the facility,
which do not conform to the
prescribed cGMP regula­
tions and contains direc­
tional guidance for neces­
sary corrections,” said Cipla,
adding that it will respond
within the stipulated time
and comply. The site manu­
factures inhalers, among
other things, and played a
crucial role in the launch of
its generic Advair in the US.
taste. The currently avail­
able formulation of moxi­
floxacin, for example, was
rejected by most children, it
added. MDR­TB does not re­
spond to isoniazid and ri­
fampicin, used in the first
line of treatment. About
30,000 children develop
MDR­TB, annually, and yet
fewer than 20 per cent are
diagnosed and treated, res­
ulting in morbidity and mor­
tality.
... . . . . . . ND­NDE
12 . bl . news
DELHI

businessline.
TUESDAY ­ NOVEMBER 21 ­ 2023

QUICKLY.
World racing to 2.5­2.9oC
BJP mocks people’s welfare as freebies: Ashok Gehlot
warming limits: UN report
FRESH VISION. ‘My idea of Labhartis supersedes religious, community and economic disparities, something the BJP has not been able to catch on to’

bl interview are they personally

related to you?
We have set a goal to reach a
total of 1.35 crore women.
is distributing during
the campaign?
the government
December 3.
on

New York: The globe is
speeding to 2.5 to 2.9 degrees
Celsius (4.5 to 5.2 degrees
Fahrenheit) of global warming
since pre­industrial times, set
to blow well past the
agreed­upon international
climate threshold, a United
Nations report calculated. To
have an even money shot at
keeping warming to the
1.5­degree Celsius (2.7 degrees
Fahrenheit) limit adopted by
the 2015 Paris climate
agreement, countries have to
slash their emissions by 42 per
cent by the end of the decade,
said the UN Environment
Programme’s Emissions Gap
report on Monday. AP
Seoul warns North Korea
not to launch spy satellite
Poornima Joshi
New Delhi
Rajasthan Chief Minister
Ashok Gehlot’s election
strategy is driven by his
welfare programmes. He has
followed an aggressive form
of welfarism – pressing the
government machinery into
service for running relief
camps to combating price
rise, distributing free
smartphones to women and
heavily subsiding LPG
cylinders. In an e­mail
interview with businessline,
Gehlot answered questions
on his unique brand of
welfarism. Edited Excerpts:
When we were travelling
in the State, we saw
people identifying you
with benefits they were
getting such as cooking
gas cylinder at ₹500,
phones for women and
free health facilities.
What are these
schemes, and how
Let me elaborate. The ₹500
per cylinder initiative, for
example, is a huge success.
LPG cylinders are supplied
by the Centre, and inflation
management falls under
their responsibility.
Nonetheless, we provided
subsidy to 72 lakh families to
reduce their refill cost to just
₹500.
As a result, the Centre had
to lower cylinder price to
₹900. Now, other States are
following our lead. In 2023, I
increased the free health
insurance coverage from ₹10
lakh to ₹25 lakh. No other
State in the country offers
such coverage. This is part of
our flagship Chiranjeevi
scheme. I believe the Right to
Health supersedes economic
disparities.
The Indira Gandhi
Smartphone Scheme is a leap
into the future. With an
allocation of ₹2,720 crore, 40
lakh women have already
been empowered with
smartphones, and the
journey doesn’t stop here.
Since the very beginning,
my agenda has been
pro­poor and
welfare­oriented. It is being
related to me because I
firmly believe in the policies
my government is
implementing in the State.
I believe the government
is organising something
called Mehengai Relief
Camp. Why do
you feel the need
to do it, and what
does this entail?
The Congress party’s
Mehangai Rahat Camps are
now synonymous with the
benefits we bring directly to
the people. The camps are a
testament to our welfare
agenda as more than 1.8
crore lakh families registered
for our schemes and 8.02
lakh guarantee cards have
been issued.
Now, we are promising
seven more guarantees to
the people of the State, based
on which they will decide to
vote for us once again.
The Indira Gandhi
Smartphone Scheme is
a leap into the future.
With an allocation of
₹2,720 crore, 40 lakh
women have
been empowered
with smartphones,
and the journey
doesn’t stop here
ASHOK GEHLOT
Chief Minister, Rajasthan
Are you inspired by PM’s
‘Labharthi’ vote bank?
I think it is the duty of a
leader to view a ‘vote bank’ as
people, and to ensure their
policies reach the least
advantaged section of
society. ‘Labharti’, or
beneficiary, is not an empty
promise or not like one of the
BJP’s famous jumlas. In fact,
the BJP government is
infamous for calling welfare
schemes freebies. There are
testaments across the State
of Rajasthan’s Labharatis as
they have faith in the
Congress, and will vote for us
in the upcoming polls. My
idea of Labhartis supersedes
religious, community and
economic disparities,
something the BJP has not
been able to catch on to.
What is this ‘guarantee
card’ that the Congress
This guarantee card is a
commitment by the
Congress party and
personally endorsed by me.
We promised 10 schemes
using our guarantee cards
during Mehengai Rahat
Camps held in May, June and
July.
Through this initiative, 10
schemes were promised and
delivered in multiple phases
before the Model Code of
Conduct came into effect.
We are now giving seven
guarantees in the same way
through our guarantee card,
which has a registration
number, and citizens can
give a missed call to register
themselves for the seven
guarantees.
Citizens who register
themselves through the
number will get priority in
the welfare schemes.
This guarantee card is a
solemn promise to the voter
by the Congress party that
the seven guarantees will be
delivered to the people as
soon as the Congress forms
Are you creating an
image distinct from the
party, a personality cult
through your distinct
brand of welfarism?
This is not a distinct brand of
welfarism. The Congress
Party gave me the
responsibility to run the
State, and we had the
people’s mandate with us. It
was my moral responsibility
and obligation to work in the
interest of the people and the
welfare of the State.
Rajasthan has now
become a model welfare
State, and I am proud that we
have been able to achieve
that. There is no such
endeavour to develop a
personality cult. It is the
Congress party­led
government, and as the head
of the government, I have the
responsibility to ensure that
our policies are
implemented the way they
are supposed to and that the
benefits of our schemes
reach the people.

Can the BJP make it without Vasundhara Raje in Rajasthan?

Seoul: South Korea’s military
warned North Korea not to go
ahead with its planned spy satellite
launch, suggesting on Monday that
Seoul could suspend an
inter­Korean peace deal and
resume frontline aerial surveillance
in retaliation for a launch. North
Korea failed in its first two
attempts to put a military spy
satellite into orbit earlier this year
and didn’t follow through with a
vow to make a third attempt in
October. South Korean officials
said the delay was likely because
North Korea is receiving Russian
technological assistance and that
the North could conduct a launch
in the coming days. AP
Poornima Joshi
New Delhi
The BJP has three good reas­
ons to cheer in the Rajasthan
Assembly polls – clear caste
consolidation of Gujjaras/
Thakurs/Brahmins and a sec­
tion of the OBCs, the tradi­
tion of voting out the incum­
bent governments in the
State, infighting and anti­in­
cumbency against individual
Congress MLAs.
But there is one area
where the saffron party lags
behind the Congress – the
absence of a strong CM face
and diminished profile of its
tallest leader, Vasundhara
Raje Scindia. In the year the
BJP passed the historic Wo­
men’s Reservation Bill in
Parliament, the party has
chosen to take down its only
woman mass leader and
former Chief Minister in Ra­
jasthan.
Since 2003 when her col­
ourful yatras across the State
wooed the electorate and she
became Chief Minister for
the first time, Raje has been
an unmistakable figure in Ra­
jasthan politics. But she is
not the face of the BJP’s cam­
paign this year, and her party
has sidelined her in the stra­
tegic bid to create a new set
of leaders in the desert State.
As many as seven MPs
Joshi and Leader of Opposi­
tion Rajendra Rathore, while
Prime Minister Narendra
Modi is allotted the top slot.
The PM has also made it
quite clear that Raje is not
the BJP’s CM candidate, de­
claring in a rally in Chittor­
garh at the beginning of the
campaign in October that
the “BJP has only one face
and that face is lotus”.
“There is no question that
NOT FAIR. The BJP has sidelined Vasundhara Raje in the if Vasundharaji had been pro­
strategic bid to create a new set of leaders in the desert State jected, we would have won
two­thirds majority in Ra­
jasthan. We believe we are
have been fielded as candid­ billboards, Raje’s profile has winning this, but we would
ates by the BJP in the ongo­ been relegated to the second have been on a surer footing
ing elections. slot, along with local leaders, if she had been our CM face,”
In the BJP’s posters and State BJP unit president CP said a BJP leader. The senti­
ment is echoed in the Con­
gress. “This is a tough con­
test because the BJP seems
leaderless,” said a Congress
leader.
GROUND REPORT
On the ground, BJP voters
estimate losses. “The BJP is
losing at least 30 seats be­
cause they did not project
Vasundhara,” said Manish
Khandelwal, a BJP supporter
in Dausa.
However, party faithful
believe that even without
her, the BJP stands a good
chance in Rajasthan. In
Ajmer district, where the BJP
had won five out of eight As­
sembly seats in 2018, local
party workers estimate a rise
in the tally. “We will still sup­
port and campaign for the
BJP even if the party decides
to field a dog as Chief Minis­
ter. It is an article of faith for
us,” said Satya Narain
Bhansali, the Karyalaya Pra­
mukh, or office in­charge at
the BJP’s Ajmer headquar­
ters.
INNOVATIVE CHOICE
Bhansali and his co­workers
at the party office believe the
BJP will come up with “an in­
novative choice” of Chief
Minister when the time
comes. The general feeling
was that it is the end of the
road for Raje.

Altman’s ouster – a doomed mission for OpenAI

Bloomberg
Healthy companies led by
competent, commercially
successful and globally be­
loved founders, generally
don’t tend to fire them. And,
as Sam Altman walked on
stage in San Francisco on
November 6, all those
things could have described
his role at OpenAI.
The co­founder and chief
executive officer had kicked
off a global race for artificial
intelligence supremacy,
helped OpenAI surpass
much larger competitors,
and was, by this point, regu­
larly compared to Bill Gates
and Steve Jobs. Eleven days
later he would be fired —
kicking off a chaotic week­
end during which execut­
ives and investors loyal to
Altman were agitating for
his return. The board ig­
nored them, and hired Em­
mett Shear, the former
Twitch CEO, instead.
On November 6, at the
company’s first developer
conference, the acclaim for
Altman seemed universal.
Attendees applauded rap­
turously as he ticked off the
company’s accomplish­
ments: 2 million customers,
including “over 92 per cent
of Fortune 500 companies”.
A big reason for that was
Microsoft Corp, which in­
vested $13 billion into the
company and put Altman at
the centre of a corporate
overhaul that has caused it
to leapfrog rivals like
Google and Amazon in cer­
tain categories of cloud
computing, reinvigorated
its Bing search engine, and
put the company in the lead­
ing position in the hottest
software category.
Now, Altman invited
CEO Satya Nadella onto the
stage and asked him how
Microsoft felt about the
partnership.
‘MAGICAL PRODUCT’
Nadella started to respond,
and then broke into
laughter, as if the answer to
the question was absurdly
obvious. “We love you
guys,” he finally said after
he’d calmed down. He
thanked Altman for “build­
CM
YK
GIFT TO HUMANITY. OpenAI’s original goal, when it was
founded by a team that included Sam Altman, was to
advance digital intelligence to benefit humanity as a whole
amounts of expensive com­
When Altman puting power — so much
invited CEO that the company was hav­
Satya Nadella ing trouble keeping up with
the explosive demand from
onto the stage users. The company has
and asked him been forced to place limits
on the number of times
how Microsoft users can query its most
felt about the deal, powerful AI models in a day.
In fact, the situation got so
Nadella broke into dire in the days after the de­
laughter and said: veloper conference, Altman
‘We love you guys’ announced that the com­
pany was pausing sign­ups
for its paid ChatGPT Plus
ing something magical”. service for an indeterminate
Nadella announced at mid­ amount of time.
night local time on Sunday From Altman’s point of
that Altman would lead a view, raising more money
new in­house AI lab along­ and finding additional rev­
side OpenAI board member enue sources were essential.
Greg Brockman, who’d also But some members of the
left last week. Microsoft, board, with ties to the AI­
meanwhile, remains com­ skeptical effective altruism
mitted to the OpenAI part­ movement, viewed this in
nership, he said. tension with the risks posed
Even though OpenAI’s by advanced AI. Many ef­
most important share­ fective altruists — a pseudo­
holder is still in favour of philosophical movement
Altman, his board of direct­ that seeks to donate mon­
ors remained deeply skep­ ey to head off existential
tical. The board included risks — have imagined scen­
Altman and Brockman, a arios in which a powerful AI
close ally and OpenAI’s system could be used by a
president, but was ulti­ terrorist group to, say, cre­
mately controlled by the in­ ate a bioweapon.
terests of scientists who Or in the absolute worst
worried that the company’s case scenario the AI could
expansion was out of con­ spontaneously turn bad,
trol, maybe even dangerous. take control of weapons sys­
tems and attempt to wipe
AT ODDS WITH SAM out human civilisation. Not
That put the scientists at everyone takes this scenario
odds with Altman and seriously, and other AI lead­
Brockman, who both argued ers, including Altman, have
that OpenAI was growing its argued that such concerns
business out of necessity. can be managed and that the
Every time a customer asks potential benefits from
OpenAI’s ChatGPT chatbot making AI broadly available
a question it requires huge outweighs the risks.
A philosophical
disagreement
wouldn’t
normally doom a
company that had
been in talks to sell
shares to investors
at an $86-billion
valuation, but
OpenAI was
nothing like a
normal company
On Friday though, the
skeptics won out, and one of
the most famous living
founders was suddenly re­
lieved of duty. Adding to the
sense of chaos, the board
made little effort to ensure a
smooth transition. In its
statement announcing the
decision, the board implied
that Altman had been dis­
honest — “not consistently
candid in his communica­
tions”, it said in its explos­
ive announcement.
The board didn’t specify
any dishonesty and OpenAI
Chief Operating Officer
Brad Lightcap later said in a
memo to employees that
it was not accusing Altman
of malfeasance, chalking his
removal up not to a debate
over safety, but a “break­
down in communication”.
The board had also
moved without consulting
with Microsoft, leaving
Nadella livid at the hasty
termination of a crucial
business partner, according
to a person familiar with his
thinking. Nadella was
“blindsided” by the news,
this person said.
TIT FOR TAT
According to people famil­
iar with his plans, Altman
was plotting a competing
company, while investor­
s were agitating for his res­
toration. Over the weekend,
some investors were consid­
ering writing down the
value of their OpenAI hold­
ings to zero.
The potential move,
which would both make it
more difficult for the com­
pany to raise additional
funds and allow OpenAI in­
vestors to back Altman’s
theoretical competitor,
seemed designed to pres­
sure the board to resign and
bring Altman back. Mean­
while, on Saturday, numer­
ous OpenAI executives and
dozens of employees star­
ted tweeting the heart emoji
— a statement of solidarity
that appeared equal parts an
expression of love for Alt­
man and a rebuke to the
board.
A philosophical disagree­
ment wouldn’t normally
doom a company that had
been in talks to sell shares to
investors at an $86­billion
valuation, but OpenAI was
nothing like a normal com­
pany. Altman structured it
as a nonprofit, with a for­
profit subsidiary that he ran
and that had aggressively
courted venture capitalists
and corporate partners. The
novel — and, as OpenAI
critics see it, flawed —
structure put Altman, Mi­
crosoft, and all of the com­
pany’s customers at the
mercy of a wonky board of
directors that was domin­
ated by those who were
skeptical of the corporate
expansion.
THE ORIGINAL GOAL
OpenAI’s original goal,
when it was founded by a
team, including Altman and
Elon Musk, was to “advance
digital intelligence in the
way that is most likely to be­
nefit humanity as a whole”,
as a 2015 announcement
put it. The organisation
wouldn’t pursue financial
gain for its own sake, but
would instead serve as a
check on profit­minded ef­
forts, ensuring that AI
would be developed as “an
extension of individual hu­
man wills and, in the spirit
of liberty, as broadly and
evenly distributed as is pos­
sible safely”.
Musk, who had been
warning about the risks that
an out of control AI system
might pose to humanity,
provided much of the non­
profit’s initial funding.
Other backers included the
investor Peter Thiel and
LinkedIn co­founder Reid
Hoffman.
... . . . . . . ND­NDE
 market.radar . bl . I
DELHI

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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl
360 ONE WAM 546.50 546.60 546.45 558.45 538.20 159.25 1960.00 395.10 ­ ­ CARE 853.25 885.35 856.00 889.00 853.65 125.39 1009.80 483.05 24 884.85 Godfrey [2] 2087.50 2077.55 2087.50 2102.30 2075.00 19.92 2400.00 1463.85 14 2080.90 Kanor.Chem [5] 127.60 125.45 127.60 127.70 125.00 22.47 177.00 100.25 ­ 125.15
3IInfotech 36.95 40.20 36.95 41.90 36.95 8883.30 45.45 26.25 ­ ­ CarrerPnt 216.10 216.15 216.10 223.00 214.70 39.95 263.80 118.55 14 216.20 Godrej Cons [1] 996.95 997.40 1001.95 1007.50 991.80 260.37 1101.55 793.70 56 997.55 KanpurPlastc 117.50 126.75 117.30 132.00 117.30 161.17 136.05 73.00 ­ ­
3m India 30357.40 30729.60 30513.65 30978.00 29850.00 2.29 33643.00 21380.70 71 30562.85 CartradeTech 821.05 821.95 821.00 840.90 816.20 91.79 899.65 340.15 ­ ­ Godrej Ind [1] 656.00 668.55 660.00 672.45 656.60 156.06 733.30 395.20 ­ 668.00 Kansai Ner [1] 325.40 320.15 326.65 327.50 318.15 168.19 354.00 247.47 42 319.90
5PaisaCap 451.55 449.95 452.90 456.95 446.00 53.04 494.00 271.25 24 450.45 Carysil 831.40 832.00 833.85 852.00 817.00 96.21 896.95 431.05 ­ ­ Godrej Pr [5] 1862.90 1850.30 1862.90 1888.00 1846.00 710.41 1879.00 1005.70 80 1849.90 Karma Enr 64.20 61.00 67.40 67.40 61.00 134.60 64.51 22.25 24 61.29
63MoonsTech[2] 348.30 365.70 361.65 365.70 354.75 272.20 360.15 142.05 8 365.70 CastrolIndia [5] 133.70 134.45 134.40 135.00 133.20 1058.61 162.65 107.70 16 134.40 GodrejAgrovt 480.90 485.15 483.00 487.00 480.35 102.98 528.00 391.20 24 484.10 Karn.Bk 218.05 220.15 218.65 221.90 218.10 837.58 257.80 92.25 6 219.90
CCL Prd [2] 627.00 619.70 627.95 633.90 615.00 150.08 750.00 485.80 49 619.60 GoFashionInd 1231.40 1221.65 1243.90 1243.90 1219.70 1868.26 1404.70 876.05 ­ ­ Karur vys bk [2] 153.20 150.95 154.00 154.85 150.15 1982.47 160.85 92.80 9 151.10
A .............................................. Ceat 2113.20 2098.95 2120.95 2125.00 2095.05 115.09 2640.00 1357.60 16 2097.15 Gokaldas [5] 881.10 898.45 882.10 906.40 882.10 287.13 989.15 328.60 34 901.30 Kaveri Seed [2] 598.45 589.70 591.00 599.95 583.05 158.76 691.50 471.85 11 588.85
AAATech 74.80 78.65 75.60 80.90 74.35 912.63 82.65 41.85 ­ ­ CEInfoSystem 2242.40 2226.50 2247.65 2252.90 2185.00 135.25 2343.95 984.05 ­ ­ Gokul Agro [2] 116.70 124.55 117.20 125.90 116.00 967.12 142.87 94.90 18 124.45 Kavveri Tel 14.30 13.70 15.00 15.00 13.60 577.87 14.40 4.43 1 13.87
AakashExplor 7.10 7.05 7.25 7.30 6.70 429.84 7.55 5.70 ­ ­ CELLO WORLD 785.20 786.05 785.90 798.00 783.20 609.85 837.40 772.00 ­ ­ Gokul Ref [2] 45.15 43.10 44.95 45.35 42.90 564.86 46.21 25.10 41 43.13 KaynesTech 2492.45 2435.25 2525.00 2548.65 2400.00 116.62 2965.60 666.80 ­ ­
AaronIndust 261.60 262.50 266.50 266.50 261.60 4.41 304.85 230.00 ­ ­ Cent Enka 414.00 414.30 416.20 419.45 411.65 38.94 483.50 340.00 21 413.60 Goldiam Int [2] 143.20 164.70 145.60 169.35 145.55 6800.33 174.75 120.05 38 164.60 KBCGlobal 2.25 2.20 2.30 2.30 2.20 1919.13 3.75 2.05 ­ ­
Aarti Drug 471.10 475.35 472.00 478.95 470.25 97.77 645.00 310.80 27 475.20 Cent.Bk 45.85 45.55 45.80 46.50 45.35 8448.67 55.99 20.10 19 45.54 GoodLuck St [2] 888.60 878.65 888.60 898.75 873.65 88.95 932.50 355.55 22 877.35 KCP [1] 142.70 142.75 143.70 144.50 142.05 274.97 150.45 91.60 ­ 142.45
Aarti Ind [5] 526.75 517.10 526.00 529.00 515.55 867.77 744.30 438.05 42 517.05 Cent.Ply [1] 637.30 641.45 643.90 649.10 633.30 142.52 720.60 436.65 39 644.65 Granuels [1] 372.85 367.15 373.00 373.95 363.65 1339.12 375.95 267.85 19 366.70 KDDL Ltd 2850.65 2904.65 2882.15 2962.45 2850.70 21.28 2979.85 907.55 67 2912.95
AartiSurfact 625.00 622.00 625.00 631.95 618.50 8.97 785.95 418.05 ­ ­ Cent.Txt 1228.50 1227.35 1234.95 1244.80 1222.50 94.27 1249.00 588.80 69 1227.90 Graphite [2] 482.75 475.30 483.15 486.00 474.10 322.20 548.15 251.75 57 475.40 KEC Intl [2] 599.00 599.35 599.00 602.40 587.20 286.30 739.00 405.20 281 599.35
Aarvee Den 23.95 23.70 24.35 24.50 23.60 173.34 30.50 16.75 ­ 23.84 CentDepoSer 1779.15 1749.75 1779.10 1791.10 1716.00 1112.87 1897.00 880.90 ­ ­ Grasim [2] 1970.55 1972.30 1971.60 1978.15 1953.10 286.17 2021.95 1528.00 86 1972.65 KEI Ind [2] 2722.75 2774.80 2722.75 2814.00 2693.05 547.58 2819.95 1350.85 47 2781.15
AarviEncon 119.95 118.90 120.85 120.85 118.20 10.01 203.00 100.50 ­ ­ CentrumCap [1] 29.45 29.65 29.50 30.20 28.40 988.97 32.71 17.50 ­ 29.54 Gravita [2] 1138.10 1130.55 1145.00 1152.80 1120.00 52.88 1167.05 342.20 52 1129.75 Kellton Tech [5] 83.30 83.90 82.10 87.50 82.10 1192.74 98.73 40.53 82 83.93
AavasFinance 1444.40 1503.35 1451.60 1507.00 1450.00 158.16 2045.00 1335.00 26 1502.25 Cera San [5] 8648.85 8595.45 8660.00 8741.50 8555.25 6.52 9782.25 4950.00 47 8596.90 GreenlaInd [1] 567.30 600.35 576.00 615.80 558.45 321.14 595.70 282.60 50 598.85 Kesoram In 113.80 113.00 115.70 115.70 112.20 1676.07 114.56 53.70 36 113.03
AB Money [1] 115.45 112.55 116.15 116.45 111.70 466.40 125.30 43.15 17 112.97 CESC [1] 97.20 97.50 98.00 101.00 97.1016342.71 99.40 62.25 15 97.53 GreenPly [1] 202.40 204.90 202.40 207.15 202.40 290.01 208.75 133.85 24 205.45 Kewal Clo 781.55 792.75 781.60 805.00 781.60 20.19 825.85 364.85 34 800.30
AbansHolding 331.45 331.95 334.00 335.20 328.60 70.87 353.95 180.10 ­ ­ CGPowr&InS [2] 389.15 394.25 389.65 396.25 382.55 1127.29 459.25 245.55 69 394.25 GrenpanelInd 329.30 327.60 330.35 332.00 326.50 162.41 399.90 255.00 ­ ­ KeystnRealtr 543.40 544.05 540.10 549.50 540.10 8.95 658.95 416.05 ­ ­
ABB [2] 4285.05 4347.00 4316.00 4365.35 4295.00 243.55 4675.85 2640.45 76 4345.90 ChaletHotels 586.75 601.90 586.75 604.40 585.65 86.95 620.15 304.05 54 602.20 Grindwel [5] 2116.40 2125.10 2116.40 2132.40 2100.60 38.59 2494.55 1717.50 63 2129.05 KFinTech 531.70 533.60 536.10 537.90 522.05 224.01 563.70 272.00 ­ ­
Abbott 23625.50 23975.80 23599.80 24050.05 23333.00 17.37 24724.95 18784.90 47 23974.05 ChamanLalSat 219.45 228.10 220.45 234.95 213.95 586.13 255.90 112.25 ­ ­ GRInfraproj 1085.60 1083.75 1085.60 1093.95 1080.00 16.69 1381.00 930.00 ­ ­ Khand.Sec 23.55 23.45 23.55 24.70 23.15 50.99 45.45 22.01 ­ 23.31
ABBPowerPro 4595.10 4633.25 4600.00 4749.00 4565.00 26.18 4800.00 2840.10 ­ ­ Chamb.Frt 306.90 304.65 308.00 309.00 303.00 1485.30 330.10 248.55 10 304.60 GrmOverseas 187.80 190.90 188.00 194.60 187.00 73.74 436.60 159.00 ­ ­ KhatnChm&Fer 64.55 64.35 65.00 65.20 64.10 62.21 85.45 56.30 ­ ­
ABCapital 170.95 171.15 171.80 172.80 170.15 2706.19 199.40 115.70 ­ 171.10 ChembonChem 482.45 491.90 485.00 505.95 469.95 148.16 408.70 213.00 15 369.20 Grvs.Cot [2] 129.75 129.30 129.75 130.70 128.60 383.23 164.80 118.70 20 129.25 Kingfa S&T 2208.10 2257.90 2210.00 2275.00 2192.35 6.89 2595.05 1037.00 22 2254.15
ACC 1848.25 1828.45 1848.25 1858.40 1826.20 170.65 2674.45 1593.50 26 1828.15 ChemconSpecl 264.95 263.90 263.00 265.85 262.90 34.41 319.45 221.00 ­ ­ GSFC [2] 185.30 183.20 185.25 186.90 182.60 1805.81 215.45 116.10 7 183.25 Kiocl 310.35 310.05 312.20 314.70 308.00 109.42 520.00 165.20 ­ 309.75
AccelyaKal 1402.25 1409.35 1409.95 1420.00 1401.05 22.32 1750.00 1068.05 19 1409.30 ChemfabAlkal 366.95 369.05 377.95 378.00 367.20 19.62 409.85 213.05 ­ ­ GSPL 275.75 276.60 276.75 277.70 274.45 251.23 310.60 219.00 14 276.65 Kiri Ind 268.70 269.30 269.00 271.20 269.00 76.33 533.80 255.50 ­ 269.05
AceIntegSolu 35.00 33.95 34.10 35.40 33.60 12.71 82.30 30.55 ­ ­ ChemplastSan 436.45 428.35 438.85 444.85 425.00 7116.96 543.25 342.05 ­ ­ GSS Info 187.10 186.65 187.20 190.45 186.00 8.71 343.00 176.20 114 188.10 Kirl.Bros [2] 899.60 904.15 909.00 911.50 896.55 30.48 1060.00 286.85 37 902.65
Action Con [2] 863.40 849.30 870.00 879.95 845.15 164.13 895.35 264.00 43 848.55 CheviotComp 1232.70 1240.40 1250.00 1250.00 1224.70 4.22 1351.50 960.30 ­ ­ GTL Infra 1.10 1.10 1.10 1.15 1.0535301.38 1.44 0.64 ­ 1.11 Kirl.Elec 117.45 121.20 118.30 123.85 116.60 567.09 100.80 26.95 23 ­
AdanEnergSol 741.20 727.50 741.05 741.10 720.05 406.83 3109.95 631.50 ­ ­ ChoicInternl 440.30 439.40 441.50 442.90 437.10 271.47 455.65 232.00 ­ ­ GTPLHathway 181.65 179.35 178.00 184.20 176.55 92.57 196.80 93.50 24 178.65 Kirl.Ind 3174.85 3237.35 3190.00 3250.00 3177.10 2.13 3750.00 1735.60 41 3236.60
Adani Ports [2] 810.05 803.60 810.05 816.00 801.10 3227.66 916.00 394.95 74 802.65 CholaIn&Fin [2] 1126.40 1126.65 1129.90 1138.60 1120.70 2168.14 1284.45 658.00 31 1126.65 Gufic Bio [1] 297.20 298.60 297.20 303.00 295.00 131.35 339.55 177.10 36 298.60 Kirl.Oil [2] 538.85 541.70 543.40 549.00 538.00 98.55 576.75 259.55 27 541.10
Adani Pwr 387.30 389.95 387.30 393.40 384.0013657.21 410.00 132.55 8 389.90 CholamanFin [1] 1058.80 1078.55 1070.00 1101.55 1049.00 72.77 1282.75 512.65 338 1077.75 Guj.Alk 726.15 720.30 726.15 729.70 718.00 43.07 915.00 556.05 26 720.70 KirloskrPneu 562.35 578.85 565.15 584.95 560.85 40.69 699.85 541.05 ­ ­
AdaniEntprs [1] 2208.80 2149.85 2211.00 2218.50 2142.00 1577.21 4189.55 1017.10 116 2148.95 CIEAutomotIn 493.15 500.60 500.00 508.50 498.00 682.97 579.75 282.00 ­ ­ Guj.Ind.Pow 148.20 148.40 149.00 150.35 147.65 359.25 178.35 70.71 12 148.40 Kitex [1] 210.45 209.75 211.80 211.80 208.55 122.79 223.00 135.50 74 209.85
AdaniGreenEn 936.10 926.20 935.00 938.00 915.15 472.98 2259.15 439.35 ­ 926.15 Cigniti Tech 1081.80 1108.35 1085.05 1116.20 1085.00 383.19 1156.30 515.30 27 1108.25 Guj.Pipav 138.45 137.85 139.00 140.40 135.85 1213.60 142.70 83.85 19 137.90 KM Sug [2] 32.75 32.80 32.90 33.25 32.60 425.56 39.20 22.83 8 32.87
AdaniTotlGas 534.05 531.05 535.10 537.00 527.00 425.12 4000.00 522.00 ­ ­ Cipla [2] 1249.40 1247.10 1241.50 1256.00 1241.00 848.92 1277.55 852.00 33 1246.75 Gujarat Gas [2] 425.05 424.25 425.05 426.00 423.00 270.40 539.00 397.20 23 424.30 KNR Con [2] 281.75 281.40 282.60 288.00 279.65 944.71 289.90 216.90 19 281.20
AdaniWilmar 295.00 310.70 295.00 317.05 285.80 5475.09 668.40 285.80 ­ ­ CitiUn Bk [1] 147.35 150.30 148.75 153.00 146.70 9385.30 204.95 119.50 12 150.25 GujaratFluor 2816.95 2788.75 2815.00 2820.00 2785.00 55.34 3595.00 2534.05 ­ ­ Kohin.Foods 38.55 42.40 39.40 42.40 38.40 1473.36 84.05 28.26 ­ 42.47
ADF Foods [2] 215.70 214.65 215.95 218.10 213.10 116.72 262.45 133.39 32 214.65 CleanSci&Tec 1364.75 1341.65 1364.75 1373.05 1340.00 93.73 1593.00 1227.10 ­ ­ Gul.Amb.Ex [1] 361.45 360.60 361.40 367.00 357.95 301.40 387.70 224.20 27 360.30 Kokuyo [1] 147.90 145.10 148.90 149.95 144.15 48.27 164.95 66.80 36 145.20
AditBirSunLf 459.50 451.65 459.50 459.70 450.00 60.66 471.90 307.00 ­ ­ Cleducate [5] 81.80 85.20 82.00 85.50 81.40 229.71 87.00 48.80 27 85.11 Gul.Apl 226.65 231.65 232.45 235.00 229.00 16.66 269.90 179.10 96 230.40 KoltePatil 499.05 554.25 501.55 561.90 501.55 1595.38 528.25 231.00 226 554.35
AdityaBirFas 215.65 214.40 215.65 217.55 212.45 1365.81 359.40 184.40 ­ 214.25 CMSInfoSystm 387.10 391.75 389.95 397.40 388.00 931.53 409.40 260.80 ­ ­ Gulf Oil Lub [2] 615.00 619.30 615.00 636.95 613.55 197.47 644.00 390.00 11 619.05 Kopran 248.65 273.15 249.85 285.60 249.70 4550.66 253.70 96.00 65 273.55
Ador Weld 1527.95 1537.95 1550.90 1563.50 1522.00 69.59 1619.85 758.00 30 1535.10 Coal India 345.25 347.75 348.00 352.40 343.9519032.61 359.80 207.70 14 348.10 GulshanPoly [1] 204.10 207.10 204.10 210.60 201.95 93.01 274.95 159.17 39 208.60 Kot.Mah.Bk [5] 1764.60 1770.55 1756.00 1775.95 1750.10 1923.65 2063.00 1644.20 27 1770.65
AdvancedEnz [2] 316.00 320.15 315.35 326.45 313.00 230.94 346.15 225.00 30 319.55 CoastalCorpn 251.50 253.90 251.95 258.85 248.55 25.82 308.60 165.90 ­ ­ Kothari Pet [5] 155.80 158.20 155.75 161.90 154.55 231.81 0.15 0.05 ­ ­
Advani Hot [2] 106.90 106.55 108.00 108.40 105.25 124.89 125.44 66.75 20 106.70 CochinShip 1081.45 1088.95 1086.00 1111.00 1066.20 1882.96 1258.00 411.00 34 1089.25 H .............................................. Kothari Pro 121.45 129.40 121.80 136.20 121.65 200.80 156.00 95.25 73 130.25
Aegis Log [1] 315.80 316.15 316.00 318.40 314.65 216.25 410.20 280.00 26 316.35 CoffeeDayEnt 45.65 45.65 45.70 46.45 45.40 1567.84 57.00 26.40 ­ 45.59 HappiestMind 848.25 848.65 848.25 859.00 845.20 215.76 1023.00 763.25 ­ ­ KPIGrenEnerg 1132.35 1212.85 1138.00 1245.55 1123.90 813.46 1245.55 390.00 ­ ­
AeroflexInd 157.85 156.90 158.45 159.50 156.35 405.30 196.35 142.40 ­ ­ Coforge 5674.95 5708.45 5670.05 5846.25 5651.20 482.38 5846.25 3564.75 ­ ­ HardwynInd 40.20 39.45 41.20 41.50 39.25 164.27 622.65 34.60 ­ ­ Kpit Tech 1536.65 1624.00 1539.10 1640.00 1492.50 3968.24 1640.00 622.55 ­ ­
AetherIndust 893.90 882.65 896.95 900.00 873.00 66.91 1209.00 810.00 ­ ­ Colgate [1] 2165.45 2181.35 2175.25 2189.00 2151.15 509.75 2172.35 1434.60 50 2183.70 HariomPipInd 688.90 669.35 693.50 693.50 666.05 136.39 740.00 264.00 ­ ­ KPR Mill [1] 823.35 831.25 830.00 839.70 826.70 342.23 843.15 479.55 61 831.45
Affle(India) [2] 1035.80 1041.20 1039.85 1056.00 1037.25 134.99 1300.00 875.25 184 1042.25 Compucom [2] 24.25 24.20 24.30 24.90 23.80 262.19 25.18 15.00 ­ 24.25 Harri.Mal 149.95 146.65 150.00 150.75 146.00 18.29 167.00 102.60 98 146.95 KRBL [1] 349.20 346.95 349.25 355.75 345.35 616.57 471.00 320.00 12 347.35
Agarwal Inds 951.20 954.85 947.95 971.35 939.60 82.22 1098.20 530.85 29 953.90 ComputerAge 2832.95 2854.75 2869.80 2935.00 2838.65 491.80 2935.00 2010.00 ­ ­ HarshaEngrs 397 KrisnaInsMed 1858.80 1938.00 1866.00 1942.80 1860.00 245.25 2229.90 1282.00 ­ ­
AgiGreenpac 966.85 1017.25 972.90 1066.55 970.00 863.15 1089.00 280.50 ­ ­ Con.FinHld 192.00 195.10 190.20 196.00 189.00 46.49 78.40 26.55 ­ ­ H w KrisnaPhoscm 262.60 257.85 265.00 268.45 255.15 71.98 559.40 223.60 ­ ­
AgriTech Ind 181.65 217.95 191.05 217.95 191.05 33.97 204.75 85.90 ­ 218.40 Concor [5] 750.70 750.95 750.70 758.15 745.50 887.88 828.50 555.00 39 751.00 H KritiIndust 101.20 103.55 102.00 108.00 101.45 178.67 140.85 66.65 ­ ­
Agro Tech 777.15 788.10 778.90 796.00 778.90 7.08 966.60 741.50 110 789.00 ConcrdBiotec 1280.20 1232.55 1275.00 1279.65 1205.45 418.82 1397.05 900.05 ­ ­ H KrsnaaDiagns 628.90 630.00 630.00 635.45 625.55 54.13 727.00 353.10 ­ ­
AGSTransTech 92.75 89.00 94.30 96.45 88.20 5353.69 96.45 44.45 ­ ­ ConfdnPetInd[1] 84.25 83.40 84.80 85.50 82.85 621.21 98.20 55.28 22 83.55 HB Pw KSB 3281.05 3276.85 3290.00 3384.10 3252.95 35.61 3384.10 1717.00 ­ ­
AhladaEnggrs 118.60 119.25 118.95 123.00 118.50 94.14 137.80 80.25 ­ ­ ControlPrint 891.00 888.80 889.00 908.40 882.00 22.67 936.60 376.00 25 887.75 HB KuantumPaper 172.30 170.65 173.95 174.35 170.15 62.78 225.85 114.15 ­ ­
Ahluwalia [2] 768.65 803.20 773.00 812.80 773.00 575.67 811.00 398.85 24 804.55 CoralIndFin [2] 43.15 44.55 44.00 45.00 43.50 124.67 48.01 26.10 8 44.42 HCC
AIA Engg [2] 3504.25 3484.35 3513.00 3540.35 3465.00 60.84 3840.45 2385.00 30 3480.15 Cords Cab
Corom.Intl [1]
110.00
1119.70
118.65
1112.60
110.20
1122.55
119.60
1122.55
110.20 312.92
1109.60 86.63
122.60
1185.25
50.00 20 118.80
838.95 16 1111.80
HCG L ..............................................
AIROLAMLTD 129.85 137.80 141.00 141.00 135.30 88.44 141.00 100.55 ­ ­ HC L&T [2] 3109.00 3088.80 3095.10 3111.95 3076.20 1231.16 3117.55 1970.15 47 3088.15
Ajanta Phr [2] 1921.40 1971.65 1931.05 1980.00 1908.55 192.47 1975.00 1115.15 38 1970.20 Cosmofirst 633.35 630.70 633.00 635.80 623.00 28.94 849.00 550.05 ­ ­ HC L&T Fin Hld 141.15 139.45 141.15 142.55 139.00 9662.52 151.25 78.80 ­ 139.40
Ajmera 411.35 410.45 412.20 418.40 408.05 39.88 440.05 230.30 22 410.25 CPCL 627.20 613.40 629.70 630.30 608.45 1338.02 659.50 186.50 3 613.50 HD C MC L&TTechSer [2] 4453.70 4530.10 4455.00 4559.90 4430.00 225.43 4859.75 3218.00 39 4528.70
AjooniBiotec 4.80 4.80 4.80 4.80 4.70 336.93 8.65 3.05 ­ ­ CraftsmnAuto 5190.90 5244.55 5190.85 5419.00 5123.75 72.60 5419.00 2735.00 ­ ­ HD C B La Opala [2] 387.55 386.45 389.65 391.55 381.10 370.11 479.65 326.35 35 386.45
AkashInfProj 29.55 29.80 29.55 29.90 29.10 33.98 37.65 22.50 ­ ­ CrdtacsGramn 1604.90 1630.35 1606.00 1635.85 1581.15 157.36 1746.50 834.10 22 1630.35 HD C LagnamSpintx 80.65 79.60 81.55 81.95 79.50 116.04 89.70 60.75 ­ ­
AKGEximLtd 23.60 23.65 23.85 23.85 23.30 238.37 45.35 22.40 ­ ­ CreatPer&Dis 790.85 820.20 790.00 839.90 763.25 110.09 839.90 358.30 ­ ­ H U LambodText [5] 145.40 150.50 148.00 154.00 146.25 26.89 240.40 90.65 19 150.65
AksharChem 245.75 251.30 249.30 255.00 246.00 6.84 358.05 201.30 ­ 250.70 Crest Ventu 311.60 304.00 314.65 318.80 299.70 59.95 329.80 144.40 16 303.20 H G LandmarkCar 770.90 784.60 776.80 797.00 765.60 191.48 863.30 431.15 ­ ­
AksharSpintx 6.40 6.70 6.70 6.70 6.65 493.04 118.90 6.00 ­ ­ Crisil [1] 4234.75 4232.70 4242.00 4248.30 4207.00 12.91 4451.00 2712.05 57 4230.45 H LasaSuperGen 26.50 25.85 26.55 26.95 25.60 54.26 37.55 17.25 ­ 25.99
Akzo 2481.10 2460.45 2485.00 2494.15 2442.50 11.50 2949.95 2060.60 28 2458.05 CrompGraves[2] 288.10 287.05 288.10 289.35 284.50 1010.09 376.20 251.25 43 286.80 H m PR LatntViewAnl 412.35 450.50 414.50 455.00 413.00 6141.12 466.45 310.45 ­ ­
Alankit [1] 14.35 14.40 14.65 14.85 14.25 2064.45 14.40 7.00 ­ 14.38 CrownLifters 76.65 78.35 79.35 79.40 76.00 13.81 81.45 29.00 ­ ­ H LatteysInd 35.05 35.90 35.75 36.80 34.10 116.55 45.55 31.05 ­ ­
AlbertDavid 912.80 930.75 912.00 944.75 912.00 45.98 946.40 508.35 9 931.50 CSBBank 357.25 366.50 359.10 369.50 358.00 701.19 374.00 215.05 11 366.40 H H LaurusLabs [2] 369.85 368.05 369.60 371.90 366.05 1079.17 479.60 279.65 55 367.85
Alembic [2] 81.60 80.25 81.90 82.40 79.75 724.75 90.50 55.52 24 80.12 CSLFinance 396.35 400.90 400.35 437.00 398.50 454.73 437.00 189.10 ­ ­ H LaxmiCotspin 24.30 23.65 24.10 24.55 23.55 224.37 26.85 17.15 ­ ­
Alembic Ph [2] 737.30 749.25 735.00 755.25 734.55 60.72 839.00 463.30 31 748.75 CUMI [1] 1106.85 1091.60 1118.00 1126.45 1080.25 184.24 1300.00 787.50 60 1092.00 H M LaxmiOrgInd 273.75 270.50 274.10 274.75 269.50 304.76 321.00 220.50 ­ ­
Alicon [5] 848.45 841.60 852.00 852.00 831.15 10.10 1111.00 645.00 32 839.85 CumminsInd [2] 1829.65 1853.75 1829.65 1859.30 1816.85 386.97 1981.15 1250.85 39 1852.95 H B LemonTreeHot 117.20 115.65 117.00 118.15 115.10 3856.94 126.70 70.25 110 115.70
Alkali Met 113.75 125.10 114.25 125.10 114.10 230.96 173.75 85.25 84 125.65 Cupid Ltd 879.90 878.25 887.00 894.80 870.00 135.44 923.95 225.25 46 880.10 H C LEXUSGRA(IND 39.45 42.30 44.00 46.45 41.55 124.46 46.45 34.05 ­ ­
AlkemLabs [2] 4448.45 4390.55 4450.00 4450.00 4380.80 173.17 4451.70 2835.05 34 4393.85 Cybertech 158.50 154.00 160.55 161.30 153.00 117.00 170.85 85.00 32 154.50 H LG Balakri 1110.20 1157.20 1110.00 1175.00 1101.05 159.51 1237.70 647.65 14 1158.25
Alkyl Amine [2] 2134.60 2131.45 2134.60 2144.05 2121.05 29.01 3061.00 2119.05 64 2132.45 Cyient [5] 1733.30 1834.50 1744.90 1845.00 1743.40 1604.79 1945.45 724.00 43 1834.00 H C LGB Forge [1] 10.65 10.35 10.70 10.80 10.25 381.02 13.12 7.30 ­ 10.31
Allcargo [2] 280.40 279.10 282.00 283.00 277.30 253.18 494.85 246.00 26 279.00 CyientDlm 666.75 667.90 673.00 680.00 665.10 112.57 778.90 403.00 ­ ­ HG LibasDesigns 16.65 16.30 16.75 16.80 15.55 1701.89 21.40 9.85 ­ ­
AllcargoTerm 52.60 52.85 53.20 55.05 50.65 3934.24 55.05 31.30 ­ ­ H Liberty Sh 287.35 280.20 286.10 288.45 278.80 110.37 407.75 182.20 61 280.05
Allied Dig [5] 127.25 126.05 128.65 129.90 124.45 504.93 156.75 71.50 54 125.85 D .............................................. H LIC of India 614.65 612.00 614.65 615.80 609.95 502.41 754.25 530.05 ­ ­
Allsec 657.70 658.75 659.00 665.00 655.55 23.30 699.00 420.00 21 658.80 Dabur [1] 540.70 543.20 540.70 545.45 537.20 1910.04 610.40 504.00 66 543.05 H M LICHsgFin [2] 465.85 464.60 467.00 469.75 461.75 738.40 480.80 315.45 6 464.55
Alm.Global [6] 87.15 86.25 87.20 89.70 85.70 119.46 101.89 59.00 56 86.20 Dalm.B.Sug [2] 435.85 437.40 435.95 443.95 430.05 93.41 490.05 310.50 12 436.95 Hm LikhithaInfr 295.05 293.30 292.05 295.00 290.65 116.82 496.00 198.00 ­ ­
AlokIndus 21.05 21.10 21.30 22.50 20.9063905.79 22.50 11.40 ­ ­ Datamatics [5] 612.15 612.10 615.75 619.95 606.10 195.40 699.00 256.35 33 611.30 Hm LINC 671.80 660.35 676.25 682.35 652.65 35.56 900.00 345.15 ­ ­
Alpha Lab 94.85 96.25 96.30 99.30 95.45 200.09 102.00 48.90 11 96.26 DataPatrnInd 1827.80 1840.75 1828.75 1859.90 1828.75 59.17 2485.00 996.35 ­ ­ H C m Lincoln Phar 605.75 601.75 604.80 608.40 593.15 60.67 629.70 287.70 15 601.35
Alphageo 278.45 277.55 278.45 282.35 274.10 13.30 323.10 200.00 43 277.70 DB Corp 297.05 296.30 299.90 300.80 294.95 138.67 324.95 92.85 20 295.75 H C Linde Ind 6087.35 6038.25 6087.35 6143.15 6030.00 25.00 6885.95 2932.85 124 6042.50
AMARA RAJA EN 639.20 640.75 641.95 646.20 639.00 203.78 709.00 546.00 ­ ­ DB Realty 212.55 211.90 213.95 215.35 207.80 2794.30 214.60 55.05 17 212.05 H M LloydMetals 567.35 563.45 577.80 578.95 557.00 120.20 686.70 492.00 ­ ­
AmberEntp(I) 3214.95 3385.30 3215.00 3477.85 3186.65 487.92 3478.60 1762.25 220 3386.75 DCB Bk 113.50 113.15 113.60 114.70 112.10 1380.90 141.20 96.70 7 113.20 H M LLOYDSENGG W 50.30 50.25 50.85 51.35 49.80 2167.75 51.65 39.50 ­ ­
Ambika Cot 1615.35 1583.00 1610.05 1618.95 1571.00 10.10 1749.95 1310.50 12 1580.35 DCM 72.95 72.10 74.10 74.10 71.75 31.79 104.00 62.01 ­ 72.20 H O LMW 12965.60 13004.45 12906.00 13082.80 12877.55 3.01 15501.00 9030.95 35 12998.00
AmbujaCeme [2] 421.10 421.50 421.10 424.25 418.20 1481.40 598.15 315.30 37 421.50 DCMNouvelle 175.90 177.20 179.35 182.00 175.00 90.77 194.00 127.00 ­ 176.75 H R Lok.Mach 272.15 280.55 276.00 282.05 267.75 135.64 276.95 88.55 53 280.35
AMD Ind 77.05 80.90 79.15 80.90 76.55 335.09 84.40 43.60 18 80.43 DCMShriram [2] 904.25 888.00 908.80 912.45 885.50 28.22 1115.50 730.05 38 888.20 H LordChlrAlka 152.10 147.45 152.80 155.00 145.15 14.56 195.00 145.00 ­ ­
AMINES & PLAST 157.15 156.35 157.70 160.95 155.10 6.68 165.05 151.20 ­ ­ DcmShrirmInd 146.20 147.65 147.40 151.00 144.25 490.47 156.20 59.00 ­ ­ H Lotys Eye 97.15 95.10 93.20 97.15 92.60 27.29 110.90 56.30 49 96.08
AmiOrganics 1088.75 1076.90 1093.85 1096.90 1075.00 39.07 1388.95 847.35 ­ ­ DCW [2] 54.00 51.95 53.95 54.00 51.65 3468.34 63.40 40.00 16 51.95 H C m Lovable 136.15 142.30 135.10 144.00 135.10 197.23 161.00 84.15 85 142.30
AMJLandHold[2] 40.05 40.20 41.40 41.60 39.25 383.90 41.80 18.76 22 40.21 DCXSystems 330.80 321.25 333.00 333.00 320.05 969.72 351.00 138.00 ­ ­ H G LT FOODS 202.60 214.50 202.60 215.80 202.60 3862.27 215.80 90.00 ­ ­
Amrutanjan [1] 605.15 610.45 600.05 613.90 598.30 34.86 774.75 552.85 48 609.55 De Nora 1742.05 1784.80 1749.95 1826.20 1749.95 43.88 2334.00 590.05 40 1786.15 H LTIMindTree 5518.50 5556.10 5518.50 5637.65 5510.00 457.45 5637.65 4121.00 ­ ­
AnandRathiWe 2174.95 2346.30 2204.75 2392.45 2196.00 153.97 2392.45 655.75 ­ ­ Deccan Cem [5] 491.00 485.75 494.50 494.50 485.00 8.41 578.60 388.00 17 485.65 H Lumax tech [2] 370.35 376.15 370.85 390.10 370.85 256.89 469.00 201.35 36 375.60
Anant Raj [2] 258.55 254.00 259.80 261.00 253.05 616.93 259.95 88.05 72 253.80 DeepIndust 253.60 260.60 254.50 263.70 254.00 231.87 322.00 140.10 ­ ­ H M Lumx Ind 2440.65 2424.85 2417.00 2462.60 2410.30 15.15 2549.95 1300.00 35 2429.70
AnantrajGlob 114.30 117.50 114.30 119.80 114.30 2049.88 119.80 33.55 ­ ­ Deepk.Fer 610.50 599.40 610.30 612.65 596.05 376.41 999.40 512.80 27 599.55 H G Lupin [2] 1196.30 1198.50 1196.30 1215.70 1192.35 1191.69 1238.15 628.10 46 1198.05
Andhar Sug [2] 109.10 110.15 109.85 110.60 108.70 186.73 147.00 99.95 14 109.90 Deepk.Ntr [2] 2147.90 2117.95 2147.90 2155.00 2108.40 152.90 2372.95 1731.00 63 2119.55 H P Lux Indust. [2] 1399.00 1372.35 1398.45 1410.40 1363.65 39.57 1867.40 1122.60 38 1371.75
ANDHRCEMENT 97.40 94.15 97.50 98.70 93.00 72.17 158.25 78.15 ­ ­ Delhivery 399.75 396.70 400.55 403.00 394.30 3012.52 452.40 291.00 ­ ­ H G Lyka Labs 112.85 129.40 114.90 132.00 114.05 1806.90 155.65 89.00 ­ 129.90
AndhraPaper 570.05 571.00 570.05 575.05 566.10 53.28 674.90 371.00 ­ ­ DelphWrldMon 340.15 340.30 335.05 356.30 325.00 3.67 473.15 264.10 ­ ­ H
AngelOne 2918.95 2996.10 2937.00 3034.00 2905.20 1103.01 3090.00 999.00 ­ ­ Delta Corp [1]
Den Net
138.60
56.95
137.00
56.20
138.75
56.95
139.50
57.40
136.55 1433.70
55.90 1770.61
259.95
59.75
124.60 15 137.00
25.40 9 56.18
Hm
H w Hm
M..............................................
Anik Ind 51.95 54.35 54.50 54.50 52.15 219.07 52.35 26.65 ­ 54.36 M&M [5] 1584.55 1552.20 1589.80 1589.80 1540.60 2918.58 1670.00 1124.00 19 1553.85
AnjPortCem 214.20 214.00 218.05 218.05 213.05 18.11 263.95 140.40 ­ 214.40 DevInfoTech 136.45 133.15 138.60 138.60 131.90 37.04 238.00 81.00 ­ ­ H m M&M Fin [2] 273.80 275.45 274.50 275.90 272.10 1084.77 346.40 191.20 18 275.40
AnmolIndia 58.85 58.35 59.00 59.60 57.50 520.15 61.00 38.80 ­ ­ DevyaniInter 185.30 182.65 186.50 186.90 181.60 1647.71 227.50 133.95 ­ ­ HON CON U Maan Alum [5] 134.15 131.75 134.15 136.00 129.55 76.62 150.75 35.53 15 131.85
Antartica [1] 0.80 0.85 0.80 0.85 0.80 1185.47 0.80 0.25 ­ ­ Dhamp.Sug 254.45 259.30 255.90 261.00 254.60 465.62 325.55 196.50 11 259.40 H MacrotecDeve 869.55 858.85 877.00 891.80 850.10 2171.09 1142.00 529.85 ­ ­
AntnyWastHdg 485.90 481.10 487.00 493.05 466.55 207.52 532.90 241.80 ­ ­ DhamprBioOrg 156.95 157.55 158.45 158.45 156.00 84.17 229.00 116.10 ­ ­ H Madhav 51.30 49.50 51.80 51.85 48.55 33.35 56.96 35.23 ­ 49.86
AnupamRasayn 931.60 932.25 931.15 935.35 924.00 72.07 1234.00 570.00 ­ ­ DhaniService 40.70 39.80 40.95 41.10 39.30 1124.71 49.00 35.70 ­ ­ HO MadhavCopper 32.45 33.25 33.00 34.05 33.00 391.39 34.05 26.25 ­ ­
Apar Ind 5797.55 5871.75 5900.00 5994.70 5832.00 130.08 6013.00 1356.60 29 5878.55 Dhanlk.Bk 29.45 29.65 29.80 30.25 29.55 1897.83 34.08 11.60 7 29.66 HP MadyaBharat 270.80 270.10 270.05 274.20 266.05 15.57 669.90 265.20 ­ ­
Apcotex Ind [2] 545.25 552.05 545.25 563.35 540.50 131.59 589.05 398.00 40 551.85 Dhanuka Ag [2] 866.95 876.35 870.00 892.95 864.05 72.68 909.10 603.05 16 876.15 HPC MagadhSug&En 728.80 739.15 734.70 753.45 734.70 26.35 796.95 247.00 12 739.25
ApexFznFoods 212.15 210.00 213.00 213.45 209.10 50.30 319.95 185.00 42 210.10 DharmjCrpGrd 243.35 236.15 242.95 245.10 234.80 141.46 279.00 137.00 ­ ­ HP &P w Mah.Holi 399.85 398.05 401.80 401.80 394.10 100.59 469.80 237.80 46 398.85
APL Apl [2] 1683.10 1683.75 1694.00 1702.60 1660.90 836.51 1806.20 990.00 81 1683.15 DhruvConsult 60.45 59.90 60.85 61.90 59.55 26.30 71.40 43.10 ­ ­ H G&U D Mah.Life 511.15 516.35 511.00 517.00 508.15 122.88 599.00 316.10 ­ 515.75
ApolloHosp [5] 5478.95 5473.95 5475.00 5595.00 5455.05 526.57 5493.35 4078.40 80 5473.60 Dhun.Inv 982.50 1013.95 998.00 1023.80 988.00 9.74 1049.95 562.00 31 1011.75 H M Mah.Scoot 7753.70 7887.90 7760.00 8059.00 7760.00 9.37 8600.00 4051.10 45 7887.45
ApolloMicSys[1] 154.00 146.30 158.45 161.70 146.30 8793.44 154.05 20.71 ­ 146.35 Dhunseri Tea 221.35 219.60 222.00 225.70 217.90 6.22 277.00 181.00 ­ 219.10 H w Mah.Seam [5] 896.45 922.85 905.40 929.00 897.90 287.09 5551.00 279.00 13 921.85
ApolloPipes 682.40 680.60 682.40 693.00 679.00 91.65 790.00 451.35 ­ ­ DhunseriVent 327.60 323.50 327.60 330.00 319.10 83.09 346.50 211.05 ­ ­ H m MahalaxmiRub 242.85 236.25 248.00 248.00 234.05 9.53 309.00 175.10 ­ ­
ApolloSindo 1673.20 1612.95 1699.95 1700.00 1598.75 3.26 1900.00 1446.00 ­ ­ Diamine&Chem 456.30 472.25 464.95 494.00 446.10 18.27 545.00 446.10 ­ ­ HU MahangrGas 1048.45 1035.60 1053.60 1053.60 1032.05 160.88 1151.85 811.05 9 1035.95
ApolloTyr [1] 431.00 425.85 433.00 433.15 421.15 1188.56 440.95 270.05 26 425.60 DigispiceTec 30.65 30.35 30.40 31.00 30.00 109.53 39.00 26.00 ­ ­ MahaRastApexC 139.65 139.00 147.95 147.95 137.60 7.91 183.95 84.50 ­ ­
Aptech 247.90 260.65 248.80 262.65 247.10 885.85 422.75 210.11 21 260.95 DilipBuildco 413.10 413.50 412.00 421.00 410.10 929.43 429.65 159.70 22 413.40 MahaSteelInd 78.35 78.40 79.80 80.20 77.85 28.85 91.95 49.50 33 78.47
AptusValHsg 295.55 291.30 295.55 296.15 287.60 369.42 324.55 234.05 ­ ­ Dish TV [1] 19.35 19.15 19.50 20.10 18.8042482.32 24.45 12.40 ­ 19.18 H MaheswariLog 85.75 85.95 86.75 86.90 85.05 33.90 102.45 49.65 ­ ­
ArcheanCheIn 529.95 524.95 529.90 535.75 524.05 196.98 731.80 440.20 ­ ­ DishmanCarb[2] 165.10 172.15 166.65 175.80 162.20 1457.32 179.00 80.05 ­ 172.30 R MahindEPCIrr 115.05 115.60 117.00 117.25 115.15 25.66 133.50 83.80 ­ ­
Archies [2] 24.25 24.75 24.80 25.05 24.40 46.87 29.50 15.65 ­ 24.56 DivgiTorTran 1098.40 1099.05 1104.20 1110.25 1091.35 32.82 1150.00 560.00 ­ ­ M R MahindraLog 366.50 366.80 366.45 373.00 364.60 102.71 558.85 347.15 34 367.35
Aries Agro 201.40 205.75 203.00 209.35 201.50 296.05 242.70 126.85 17 206.10 Divi'sLabs [2] 3600.85 3672.95 3609.95 3757.00 3604.10 1601.24 3949.00 2730.00 74 3671.10 CC B Maithan 1028.70 1048.20 1040.00 1077.00 1035.05 84.29 1202.40 766.00 11 1049.80
ArihantSuper 242.60 252.45 245.00 255.00 240.10 602.69 247.00 157.75 46 251.25 DixonTec(In) [2] 5426.85 5443.90 5475.00 5565.80 5431.00 481.73 5607.45 2554.95 148 5444.95 CC m GC Mallcom(Ind) 1022.85 1005.40 1032.85 1032.85 990.50 15.63 1249.70 606.95 ­ ­
ArihntCapMkt 68.05 66.60 69.05 69.50 66.20 83.60 81.00 33.25 ­ ­ DLF Ltd [2] 631.15 626.25 632.00 634.25 623.55 3290.06 633.40 336.55 92 626.60 CC Malu Paper 38.35 38.15 39.45 39.45 38.00 34.73 46.80 25.31 ­ 38.11
ArmanFinServ 2027.30 2186.80 2033.35 2198.00 2030.00 64.32 2540.30 1189.45 62 2185.45 D­Link [2] 315.50 313.40 316.50 319.70 311.90 91.85 364.95 189.00 12 313.00 CR Man Ind [5] 249.70 248.10 252.05 253.65 246.90 209.06 268.50 71.70 13 247.90
ArowGreenTec 476.10 466.80 483.75 484.20 462.20 85.11 516.40 115.10 20 464.50 DMCCSpecChem 296.45 291.90 300.00 300.00 290.10 13.31 369.80 228.25 ­ ­ DB Man Infr [2] 144.60 151.20 144.05 152.60 144.05 2910.23 168.60 66.25 30 151.15
Arshiya [2] 4.30 4.10 4.30 4.45 4.10 2534.52 13.15 3.56 ­ 4.07 DodlaDairy 829.05 813.45 830.00 860.00 807.05 268.05 898.90 431.20 ­ ­ Manak Alumi [1] 23.80 24.15 24.00 24.40 23.60 102.29 31.19 19.00 ­ 24.24
ArtemsMedSvc 165.65 169.05 165.65 170.00 162.05 278.44 173.80 61.45 ­ ­ DolatAlgotec 64.75 69.15 65.90 69.95 63.50 1229.85 72.05 39.25 ­ ­ Manaksia [2] 133.75 131.25 133.80 135.20 130.80 324.34 194.05 68.80 32 131.30
ArtiPharmLab 405.95 405.10 405.95 412.95 402.30 94.52 476.05 269.00 ­ ­ DollarInd [2] 440.45 433.45 437.10 442.50 431.30 54.28 511.75 310.25 47 433.25 D C ManakSteel [1] 44.35 45.70 44.80 45.95 44.65 131.32 54.30 29.00 11 45.51
Arvind 217.15 226.95 218.80 228.70 217.90 3764.12 223.60 77.70 20 227.00 Donear [2] 96.50 95.25 96.50 98.05 94.70 96.20 121.65 55.00 16 95.56 D C B Manali Pet [5] 66.65 66.35 66.85 67.10 66.15 238.54 5450.00 56.75 ­ 66.41
ArvindFash [4] 413.15 412.90 413.90 419.60 406.05 1014.89 415.00 261.05 115 413.05 DP Wires 632.60 616.00 631.55 648.00 613.00 113.98 724.95 330.30 ­ ­ B Manap.Fin [2] 154.95 154.30 155.30 157.30 151.7012069.14 162.30 101.15 9 154.35
ArvindSmart 361.80 370.00 363.80 373.70 363.80 155.28 415.25 225.00 34 370.25 DPAbhushan 593.10 580.70 595.00 599.95 573.05 8.82 683.95 221.55 ­ ­ B Mang.Cem 420.10 424.55 421.30 432.70 419.00 115.27 432.60 234.00 27 425.60
Asahi India [1] 567.75 564.55 568.00 572.85 558.05 45.69 651.20 419.80 40 564.00 DPSC 23.80 22.50 24.30 24.45 22.00 1494.58 27.85 9.10 ­ ­ C Mang.Chem 113.25 112.80 114.50 114.50 112.40 239.07 118.95 72.45 5 112.55
Asahi Song 293.20 289.20 298.95 300.00 289.00 6.88 334.00 171.10 ­ 289.95 Dr Reddy [5] 5611.55 5604.15 5614.95 5656.10 5585.90 400.33 5986.20 4176.85 24 5604.55 G R Mang.Drug 99.00 96.15 100.00 100.25 95.50 129.47 147.05 95.00 ­ 96.25
Ashiana [2] 257.70 253.90 257.70 260.00 251.35 148.30 268.00 130.00 47 254.25 DRCSystemInd 46.50 55.80 48.80 55.80 48.70 670.88 55.80 35.05 ­ ­ GP MangalamGlob 16.80 16.65 16.95 17.60 16.20 155.09 21.35 12.65 ­ ­
Ashima 17.35 17.00 17.35 17.45 16.80 673.08 18.25 12.05 ­ 16.89 DreamfolkSer 561.80 567.45 566.90 573.50 552.60 792.81 847.00 348.00 ­ ­
MangalamOrga 368.85 369.50 371.00 372.00 367.55 2.82 577.00 306.95 ­ ­
Ashok Ley [1] 174.30 172.15 175.00 175.00 171.00 8214.34 191.45 133.10 23 172.15 Dred.Corp 483.20 495.50 484.40 505.15 483.25 209.64 562.05 275.45 43 495.05 H MankindPharm 1920.10 2012.90 1949.00 2035.00 1942.20 801.12 2035.00 1242.00 ­ ­
Ashoka Bld [5] 143.95 141.90 144.50 145.50 140.90 2561.32 151.50 70.10 15 142.00 DrLalPathLab 2698.75 2697.20 2719.45 2767.10 2588.25 369.15 2742.95 1762.70 66 2700.05
MANOJ VAIBHAV 333.05 371.65 335.00 379.65 335.00 1443.81 379.65 202.00 ­ ­
ASHOKMETCAST 20.05 19.95 20.05 20.50 19.70 130.82 23.80 17.30 ­ ­ Dwarikesh [1] 89.30 90.65 89.95 91.10 89.40 1493.11 113.05 80.00 16 90.54 K OGH NG ManomyTexInd 126.95 123.20 125.40 129.65 122.10 11.14 168.35 110.05 ­ ­
Asian Gran 78.20 78.05 78.70 79.90 77.25 847.24 86.04 34.22 ­ 78.06 Dynac.Sys 662.05 660.55 667.80 669.00 660.00 16.50 847.00 255.25 18 659.80 & ManoramaInd 2095.15 2085.50 2119.00 2119.00 2050.00 6.45 2384.95 894.85 ­ ­
Asian Htl­E 134.10 132.55 131.65 135.45 131.65 8.92 169.80 82.10 15 132.90 Dynamatic 3973.25 3949.75 3993.15 4009.55 3930.00 3.60 4749.55 2251.00 80 3953.35 m W Maral Over 71.35 73.50 71.45 74.35 71.45 137.50 84.34 44.20 ­ 72.66
Asian Paints [1] 3168.90 3140.35 3168.90 3171.90 3132.00 406.43 3566.90 2686.15 60 3139.60 DynamicCable 423.85 415.30 425.40 425.40 410.00 34.39 521.30 383.50 ­ ­ MP MarathNxtg [5] 475.20 468.30 474.95 482.00 466.05 104.18 481.75 213.20 17 468.35
AsianEnrgSvc 181.80 177.45 181.80 186.00 175.35 39.34 208.50 51.50 ­ ­ DynemicProd 275.20 271.00 279.75 279.75 270.00 23.03 424.35 231.85 173 271.95
Marico Ltd [1] 529.95 525.75 530.80 532.00 523.20 917.65 595.00 462.95 66 525.55
ASK AUTOMOT 310.15 300.10 310.15 311.45 292.35 2760.21 319.70 292.35 ­ ­ C Marksans [1] 140.25 137.85 141.20 141.70 135.65 2353.80 144.85 47.25 53 137.95
AssoAlchohol 458.40 448.10 459.10 459.10 446.15 32.53 507.90 315.00 ­ ­ E .............................................. C m MarshalMachn 44.00 43.40 44.80 44.80 42.30 240.22 72.00 24.10 ­ ­
Aster Life 1261.65 1237.25 1260.00 1264.35 1230.00 5.22 2285.65 1050.00 ­ 1236.15 EasyTripPlnr 41.05 39.80 41.25 41.30 39.7027670.24 73.50 37.00 ­ ­ G Maruti [5] 10523.50 10566.25 10500.00 10593.35 10500.00 234.25 10846.10 8076.65 29 10566.65
AsterDMHealt 349.10 338.00 346.05 347.40 334.10 1619.25 370.60 200.05 85 337.80 Eclerx 2414.65 2397.10 2420.00 2464.80 2374.95 67.29 2474.95 1254.15 31 2391.00 H m MASFinServ 918.45 912.15 924.75 925.00 905.00 23.15 966.15 680.00 22 912.25
Astra Mic [2] 558.10 563.50 561.00 574.00 557.00 481.64 577.70 213.15 85 564.15 EdelFinSer [1] 62.65 61.85 62.85 63.00 60.95 5884.57 77.40 37.43 2 61.70 M Mastek [5] 2345.30 2416.40 2333.00 2426.00 2325.00 83.91 2535.10 1475.45 68 2414.65
Astral Poly [1] 1911.40 1892.15 1918.00 1918.00 1888.00 351.05 2057.95 1297.90 93 1892.70 Eicher Motor [1] 3865.30 3846.45 3850.55 3898.90 3824.00 249.90 3898.00 2835.95 32 3845.10 N MatrimCom [5] 545.70 543.55 548.45 549.95 536.60 24.81 720.00 497.60 25 542.95
AstraZen [2] 4670.20 4653.50 4670.20 4702.85 4646.00 8.57 5000.55 3102.00 67 4649.05 EID Parry [1] 493.95 494.55 496.10 500.15 491.85 199.76 646.00 433.30 37 494.40 O B Maw.Sug 99.00 100.30 99.50 101.05 99.05 141.52 120.55 76.00 11 100.06
AtamValves 144.70 147.05 149.40 149.40 145.30 28.58 270.00 136.00 ­ ­ EIH [2] 232.50 243.30 242.00 248.95 240.00 4536.32 274.65 150.45 34 243.25 R m MAX ESTATES 309.95 304.25 309.95 311.20 302.60 103.31 320.00 242.75 ­ ­
Atlanta [2] 22.60 21.80 23.55 23.70 21.50 612.96 23.60 10.29 ­ 21.83 EIH A Htl 447.45 456.50 454.90 460.05 445.05 102.55 617.00 366.00 22 455.35 B MaxFinancial [2] 951.85 949.25 950.00 953.40 938.25 744.19 968.75 599.30 ­ 949.00
Atul 6689.30 6552.15 6689.30 6719.55 6535.15 22.82 8946.60 6120.00 46 6548.50 Eimco 1534.75 1527.65 1517.00 1556.00 1517.00 8.40 1676.60 333.10 27 1524.85 H MaxHealthCre 607.75 621.55 612.00 633.20 609.85 1175.48 633.20 411.90 ­ ­
Atul Auto [5] 617.70 613.00 620.15 623.95 603.00 110.74 692.90 239.80 194 612.45 EldecoHousg 725.75 722.35 727.50 732.00 715.05 1.91 868.00 517.20 ­ ­ MaxIndia 145.00 146.40 142.40 148.20 142.40 51.71 195.00 76.00 ­ ­
AuroPharma [1] 1007.35 998.10 1011.00 1024.95 991.60 3106.60 1014.75 397.30 36 998.20 Elec. Eng [2] 886.80 898.00 887.30 914.90 887.00 241.19 983.40 331.25 41 898.05 O C Mayur Uniq [5] 514.30 525.00 513.00 529.30 513.00 94.58 583.60 382.40 21 526.00
AurumProptec 132.15 134.35 133.50 134.90 130.30 87.55 149.00 99.85 ­ ­ Elec.Stl.Cs [1] 106.55 105.30 107.15 107.15 103.90 3862.20 114.13 31.40 14 105.42 R MazagonDock 1968.85 1979.15 1970.00 2002.00 1956.95 672.19 2484.70 612.00 ­ ­
AUSmallFinBk 730.20 734.15 732.80 744.40 725.70 1905.41 794.95 548.15 30 734.55 ElectMartInd 219.60 221.10 221.50 229.15 220.00 712.86 229.15 61.60 ­ ­ P Mazda Ltd 1297.30 1290.10 1297.35 1310.00 1254.10 13.31 1444.15 595.15 17 1286.25
Auto Axl 2406.35 2395.75 2418.40 2439.90 2384.00 5.43 2690.00 1870.60 20 2391.80 Elgi Eqp [1] 508.85 519.90 509.00 527.90 508.50 438.94 622.95 355.05 54 520.40 P MBL Infra 46.35 47.15 48.35 48.65 46.40 595.48 54.00 14.50 ­ 47.45
Auto Stamp 394.25 398.95 394.95 403.00 392.35 33.73 482.00 246.15 48 396.65 ElinElectron 153.95 151.75 154.95 155.40 151.10 168.46 245.00 116.00 ­ ­ m m McL.Rusl [5] 21.20 22.25 22.20 22.25 21.50 1181.85 32.75 16.52 ­ 22.29
AvadSug&Egy 697.90 727.75 705.55 730.60 702.50 172.10 782.00 388.00 10 727.70 Emami [1] 492.30 491.95 494.40 499.35 489.00 249.34 582.00 340.95 35 490.65 C MCX 2871.35 2878.65 2871.35 2927.60 2841.05 982.16 3029.70 1289.20 232 2877.65
AvalonTech 476.80 478.05 480.00 481.00 476.00 128.55 732.10 348.00 ­ ­ EmamiRealty[2] 83.85 84.50 85.00 85.00 84.20 22.82 93.98 52.00 ­ 84.65 m MedicamenBio 654.90 651.35 652.95 661.00 650.00 3.03 902.50 560.25 ­ ­
Avanti Feeds [1] 390.80 392.70 390.80 397.00 388.95 91.21 487.85 321.15 18 392.95 Emkay Glo 107.95 107.25 107.30 111.15 107.00 56.26 116.20 61.15 34 107.55 B &C MedicoRemedy 77.10 76.95 77.10 77.85 75.35 267.72 397.50 64.55 ­ ­
AvenuSupmart 3810.90 3792.90 3810.90 3833.00 3771.70 253.00 4348.00 3292.65 99 3788.60 Emmbi Ind 108.40 107.10 108.40 110.55 106.85 19.22 126.50 73.05 32 107.05 R m MedplsHealth 818.45 837.05 820.30 841.95 817.10 206.98 978.00 548.25 ­ ­
AVGLogistics 281.45 291.75 283.50 296.90 281.55 128.45 314.60 180.00 ­ ­ EMS 427.25 411.95 429.40 431.90 409.10 405.11 449.00 246.50 ­ ­ G MegastarFood 315.00 316.10 315.50 324.45 310.60 6.36 359.00 197.00 ­ ­
AvroIndia 97.65 98.90 99.00 103.00 97.65 74.36 169.45 94.00 ­ ­ Emudhra 465.60 469.40 465.00 470.25 458.05 97.41 534.80 206.80 ­ ­ w MeghmaniOrga 73.35 72.35 73.50 73.90 72.15 382.72 117.80 71.90 ­ ­
AVT Natl [1] 90.10 88.00 90.15 90.50 87.00 198.20 124.25 74.05 31 88.13 EnduranceTec 1632.35 1628.40 1640.55 1653.95 1600.10 54.44 1749.00 1171.60 49 1630.55 BK MenonBear [1] 132.85 137.75 135.00 139.85 132.50 192.92 166.00 81.75 25 138.10
Axis Bank [2] 994.35 988.70 981.00 994.75 980.35 8215.66 1047.45 814.25 14 988.55 Energy Dev 20.40 19.70 20.95 20.95 19.55 173.09 24.00 13.65 ­ 19.71 w MEP Infra 12.65 12.75 12.80 13.00 12.40 664.71 21.30 9.50 ­ 12.76
AxisCades [5] 551.35 557.45 560.95 561.00 541.20 42.60 602.00 248.20 ­ 553.50 Eng.India [5] 141.90 141.80 143.05 144.75 140.80 2703.32 167.25 67.65 19 141.85 m MetroBrands 1281.50 1325.90 1289.00 1339.40 1286.80 149.60 1339.40 736.05 ­ ­
AxitaCotton 26.10 26.80 26.70 27.20 26.65 3146.53 31.10 25.80 ­ ­ Ent.Net.Ind 184.30 190.30 186.85 195.70 186.45 240.37 199.90 109.70 171 189.55 N O DG Metrpolhelth [2] 1617.40 1641.15 1625.80 1654.30 1618.35 427.87 1789.00 1176.05 65 1641.15
Epigral 911.65 904.55 911.65 915.85 900.00 25.86 1330.00 815.00 ­ ­ MFL 78.85 77.60 79.50 79.50 77.10 232.73 24.70 12.15 ­ ­
B .............................................. EPL 191.00 193.35 192.00 194.20 191.05 390.50 236.15 147.00 ­ ­ Minda Corp [2] 341.00 340.85 342.55 345.70 339.00 193.50 370.65 187.00 31 340.80
B&BTriplewal 249.50 248.20 255.00 258.80 244.10 8.12 313.40 178.55 ­ ­ EqitsSmlFnBk 97.30 95.40 97.30 98.10 94.90 2955.20 101.90 50.50 ­ ­ MindTec(Ind) 228.35 223.15 230.90 232.70 220.75 187.05 240.15 101.20 35 224.00
Bajaj Auto 5631.50 5650.15 5610.05 5675.95 5606.00 679.43 5676.25 3522.00 25 5651.05 ErisLifeSci [1] 933.10 917.00 941.40 945.80 912.35 102.37 971.00 550.90 30 917.30 Mirza [2] 45.60 45.95 46.40 46.40 45.50 235.44 329.25 30.02 37 45.91
Bajaj Elect [2] 989.00 988.10 999.00 999.00 986.40 32.50 1325.90 982.20 56 987.60 Eros Intl 19.50 19.05 19.70 19.70 18.90 720.19 34.95 17.20 ­ 19.06 W MishDhatuNig 371.60 367.60 373.00 377.35 365.90 600.73 476.40 172.80 50 367.55
Bajaj Hind [1] 32.95 32.90 33.20 34.10 32.6018483.35 35.80 10.10 ­ 32.90 Esab Ind 5953.40 6146.40 6050.00 6250.90 5970.00 13.68 6542.65 3221.35 60 6150.55 G MitconCon&En 95.20 103.35 98.00 104.00 97.00 193.20 104.00 53.05 ­ ­
Bajaj Hld 7347.80 7272.00 7347.80 7357.70 7243.60 12.07 7638.00 5557.05 47 7262.75 ESAFSMALL FIN 68.80 69.75 70.70 71.65 69.30 6930.01 74.80 68.10 ­ ­ W MittalLifSty 1.70 1.70 1.75 1.75 1.65 1728.83 18.50 1.55 ­ ­
BajajConCare[1] 225.65 222.70 227.45 227.50 222.25 216.21 262.75 150.55 20 222.45 Escorts 3239.25 3220.20 3250.00 3253.90 3204.05 144.17 3435.20 1809.95 47 3220.70 MKProteins 86.15 82.70 86.15 86.75 81.90 872.88 900.00 76.00 ­ ­
BajajFin [2] 7221.00 7068.60 7151.00 7239.00 7050.10 1902.94 8190.00 5487.25 38 7067.30 Ester [5] 86.65 85.35 87.00 87.45 85.00 80.56 182.00 82.30 ­ 85.37 N G N MM Forg 926.60 906.40 926.60 937.45 899.65 30.52 1098.95 741.75 17 906.65
BajajFinserv [1] 1615.90 1593.80 1611.90 1616.55 1586.15 1256.18 1813.45 1216.10 217 1598.35 Ethos 2092.15 1996.30 2092.15 2102.10 1990.00 127.91 2144.00 869.35 ­ ­ D MMTC [1] 51.85 51.45 52.45 52.50 51.35 1648.52 89.04 26.36 ­ 51.45
BajajHealth 395.30 384.85 395.10 396.95 384.10 119.75 513.40 275.70 ­ ­ Ever.Kanto [2] 143.00 143.45 144.45 145.60 139.45 872.42 148.80 66.05 37 143.30 MODISON 118.00 112.30 117.95 117.95 111.50 160.80 127.50 70.25 ­ ­
Bal Phr 108.70 110.85 109.00 113.15 107.65 114.91 118.00 63.40 27 111.17 Everady [5] 346.25 346.85 346.25 349.65 345.00 115.06 441.55 273.40 74 346.95 G MOIL 269.00 301.60 270.00 311.25 270.0020228.37 280.00 140.65 23 301.70
Balaji Amn [2] 2046.10 2029.60 2050.00 2067.95 2022.00 37.39 3116.20 1872.90 46 2031.50 Everest Ind 1184.45 1201.05 1185.00 1209.15 1182.15 15.57 1374.65 681.00 70 1201.30 C Mold­TekPac [5] 873.80 872.85 871.85 877.65 869.05 49.69 1123.05 832.15 39 873.25
Balaji Tele [2] 73.35 71.00 74.50 74.90 70.35 456.10 80.00 35.30 10 71.07 Excel Ind [5] 829.35 832.95 829.35 849.90 829.35 8.19 1260.00 758.00 40 833.10 Mold­TekTec [2] 259.95 259.15 260.00 262.75 258.00 105.53 398.45 92.00 22 259.20
Balkrishna [2] 2643.65 2496.70 2644.00 2648.65 2484.10 615.86 2680.00 1801.00 48 2497.35 Exide [1] 281.10 281.95 282.90 286.30 281.00 5194.12 282.35 163.55 25 281.90 O C m MonarchNetwr 481.50 486.55 483.80 489.90 469.30 744.75 494.90 190.00 ­ ­
BalkrishPap 29.80 29.15 30.40 30.40 28.40 33.57 50.75 23.05 ­ 29.33 ExpleoSolu 1278.85 1275.10 1289.00 1294.25 1255.00 25.70 1777.20 1151.00 ­ ­ Monte Carlo 704.35 695.80 707.90 707.90 689.00 23.81 918.00 530.50 13 695.65
BalmerLaw 158.80 156.70 159.45 159.55 154.90 346.72 178.80 108.60 14 156.55 ExxaroTiles 127.45 124.20 126.65 128.20 122.90 175.11 152.00 98.65 ­ ­ PC Morepan [2] 39.20 39.65 39.70 40.45 38.65 5293.06 48.40 24.00 34 39.65
Balrampur [1] 437.70 445.15 436.00 446.55 435.20 2355.95 461.95 306.80 19 444.90 P N Most.Fin [1] 1217.00 1194.85 1227.80 1229.70 1190.25 253.70 1265.90 550.75 21 1195.10
Ban.Amn.Sp [5] 51.70 51.25 52.40 52.85 51.10 191.28 60.25 33.80 ­ 51.41 F .............................................. RB MothersonSum 59.50 60.65 59.75 61.00 59.35 8487.91 68.00 45.15 ­ ­
Banar.Beads 95.20 92.90 96.90 96.90 92.00 27.54 102.30 71.00 26 93.25 Fact 718.85 714.80 723.85 726.00 711.00 309.14 804.95 115.70 81 715.05 Mphasis 2325.40 2349.45 2329.75 2368.90 2314.50 369.61 2550.95 1660.65 30 2349.95
Banco Ind [2] 591.30 583.25 589.85 602.40 576.00 209.65 617.00 178.85 19 584.35 FaircheOrgan 1166.90 1157.05 1153.60 1180.40 1150.10 10.82 1581.80 904.90 ­ ­ C MPS 1721.65 1818.60 1741.00 1837.00 1727.10 109.20 1818.20 647.80 32 1814.70
BandhanBank 217.00 213.95 217.45 217.45 213.60 7344.08 273.95 182.20 14 213.95 Fazethree 459.50 447.60 459.00 459.00 445.55 29.33 540.00 247.80 ­ ­ RM N RG MRF 111475.25 111390.95 111339.00 111600.00 110649.95 4.44 113379.10 81390.95 28 111369.40
Bang Over 74.90 71.00 75.10 75.10 69.50 426.27 75.78 32.55 ­ 70.69 FCS Soft [1] 2.85 2.85 2.90 2.95 2.85 6840.91 3.45 1.84 ­ 2.88 R C Mro­Tek [5] 57.45 57.40 58.85 60.00 56.50 64.24 84.00 51.00 ­ 57.45
BankaBioloo 72.20 70.55 73.35 73.50 69.70 53.68 100.65 66.15 ­ ­ FDC [1] 386.70 389.05 386.75 401.00 383.30 414.81 428.00 245.00 25 388.50 H MRPL 117.85 115.50 117.80 119.40 114.10 3995.85 121.45 49.20 5 115.60
Bans.Syn [5] 146.55 150.30 147.90 154.65 147.50 108.79 188.50 94.60 7 150.75 Fed Bk [2] 148.10 147.40 148.00 148.75 146.75 9425.73 155.15 120.90 10 147.30 M MrsBectrFood 1327.45 1288.10 1335.00 1347.75 1280.00 204.94 1373.95 389.00 ­ ­
BarbequeNatn 627.15 625.00 630.10 631.45 619.00 34.21 1109.95 592.00 ­ ­ Fed.Goetze 359.35 356.80 361.00 362.95 355.85 39.57 431.40 285.00 17 357.45 C MSTC 448.45 442.55 447.00 450.40 441.50 132.71 533.00 239.00 ­ ­
BASF 2934.20 2941.55 2933.70 2955.00 2885.00 25.44 3000.00 2195.00 37 2935.95 FiberwebInd 31.70 31.50 32.00 32.00 31.00 86.76 41.85 27.05 ­ ­ DC m MtarTech 2224.05 2207.20 2232.85 2238.00 2201.65 124.82 2920.35 1473.00 ­ ­
Bata India [5] 1595.50 1581.30 1599.95 1605.00 1578.00 92.33 1867.30 1380.85 64 1582.05 Fiem Ind 1913.45 1854.70 1913.00 1924.30 1847.00 55.89 2109.05 1420.80 16 1852.45 DC MTNL 28.85 28.25 28.95 29.20 28.05 2853.66 33.80 16.60 ­ 28.21
Bayer Crop 5371.00 5353.25 5397.85 5417.00 5325.00 12.33 5619.00 3922.45 31 5357.30 Filatex [1] 52.60 52.10 52.60 53.80 51.75 551.49 55.10 31.60 37 52.11 MUFINGRFIN 116.70 114.75 116.70 118.20 110.90 170.07 135.65 110.90 ­ ­
BCLIndust 58.50 59.50 58.95 60.80 57.90 3086.06 588.00 47.10 ­ ­ Fin.Cable [2] 915.65 915.40 915.65 925.75 909.00 307.23 1219.10 491.05 25 914.95 P Mukand 176.50 172.00 175.25 176.60 170.05 157.28 198.00 101.00 12 172.05
BEL [1] 146.10 143.85 146.40 146.75 143.15 7741.50 147.20 87.00 32 143.90 FineOrgInd [5] 4281.70 4241.05 4260.00 4287.45 4235.00 19.62 6712.70 4030.65 28 4242.50 Munj.Auto [2] 62.75 63.05 63.00 65.00 62.75 458.09 66.00 35.55 20 63.19
BEML 2312.55 2272.45 2324.00 2329.90 2266.00 118.25 2715.65 1129.10 47 2269.00 FineotexChe [2] 326.45 320.65 325.95 325.95 318.10 220.46 389.75 208.45 45 320.70 J Munj.Showa [2] 131.65 131.35 132.25 132.85 130.40 56.98 159.10 83.40 16 131.50
BEMLLandAset 158.25 158.85 157.80 161.80 157.80 109.54 212.00 136.00 ­ ­ Fino.Ind [2] 212.65 203.10 213.90 214.75 202.50 1762.65 259.90 132.15 29 203.15 &K B MusicBrdcast 15.05 15.40 15.10 15.50 14.90 1192.91 27.75 9.70 ­ ­
BergrPaintIn [1] 587.80 582.70 589.50 592.65 580.55 477.30 679.05 439.66 70 582.60 FinoPaymntBk 265.55 266.50 266.95 272.80 265.55 107.14 379.50 184.00 ­ ­ Muthoot Cap 402.40 396.85 403.95 404.00 395.20 18.76 458.00 235.95 7 399.05
BF Inv [5] 508.55 553.35 510.85 578.95 510.85 822.17 568.05 260.00 27 555.55 Firstsource 164.45 166.45 164.40 167.60 163.65 1276.37 176.00 95.80 46 166.40 P MuthootFinan 1339.35 1326.85 1340.55 1364.50 1322.20 431.36 1379.95 911.40 14 1328.95
BF Util [5] 642.90 674.70 646.05 675.00 646.00 592.24 816.00 283.00 402 674.45 FiveStrBusFn 804.85 792.25 810.00 812.00 788.10 129.63 876.55 448.20 ­ ­ C
BGR Engy 78.30 81.45 78.30 84.60 76.85 1086.91 86.55 44.25 ­ 81.47 FocusLtg&Fix 184.15 187.30 185.00 189.00 180.10 141.75 898.40 146.05 ­ ­ D R N ..............................................
Bhageria Ind [5] 145.25 150.50 143.60 151.70 143.60 54.12 189.00 111.60 51 151.10 Foods&Inns 180.30 172.30 180.05 183.00 171.45 426.86 222.20 111.40 ­ ­ NaclInd [1] 72.75 74.40 72.95 77.35 72.00 477.72 110.80 71.70 50 74.75
BhagiradaChm 1609.05 1588.35 1617.50 1621.30 1560.50 5.91 1730.00 1000.00 ­ ­ Fortis Hlt 356.30 360.55 359.00 363.25 356.30 557.79 374.90 245.40 ­ 360.70 m NagaDhunseri 2448.70 2571.10 2490.00 2571.10 2341.55 7.59 2571.10 1203.05 ­ ­
Bhans.Eng [1] 93.55 92.70 93.65 94.40 92.00 506.82 111.50 58.10 16 92.56 Foseco 3462.05 3466.15 3472.00 3497.00 3455.00 1.01 3925.00 1819.15 37 3471.85 NagarjunFert [1] 8.55 8.55 8.55 8.65 8.50 571.52 13.72 7.30 ­ 8.53
Bharat Bij 3597.80 3655.60 3649.00 3853.00 3625.65 60.09 4387.00 2100.00 20 3649.20 FSNEComVent 167.65 172.55 168.00 177.00 167.7038982.24 191.90 114.25 ­ ­ B Nagrk.Exp [5] 57.85 57.00 58.30 58.35 56.55 37.61 68.05 28.90 7 56.85
Bharat For [2] 1060.40 1067.25 1061.00 1070.00 1056.30 974.11 1147.95 744.00 41 1067.45 FusnMicroFin 591.05 589.65 594.00 599.00 583.75 146.97 691.00 327.70 ­ ­ Nah.Cap [5] 283.80 281.40 279.00 287.00 279.00 6.56 358.00 242.00 15 282.00
Bharat Gea 114.30 113.65 114.00 115.80 113.20 18.09 155.85 96.00 ­ 113.75 Nah.Ind 126.55 126.75 126.65 128.55 125.30 38.37 156.00 84.05 42 126.55
Bharat Ras
Bharat Wire
9029.40
275.20
9000.60
274.60
9015.05
275.20
9135.95
282.95
8975.10 1.4011793.00 8299.00 46 8977.50
273.60 197.93 294.40 87.50 22 274.60
G .............................................. BC m Nah.Poly [5] 227.95 229.20 231.45 235.65 228.45 7.80 325.00 200.00 203 229.00
Gabriel [1] 403.40 413.95 405.45 424.80 404.50 741.08 428.00 129.50 39 413.65 Nah.Spg [5] 262.25 273.50 265.95 275.90 263.05 50.25 317.00 213.80 ­ 273.75
BharatDynamc 1125.40 1146.55 1129.00 1150.00 1116.10 635.70 1278.00 786.85 49 1146.75 Gail(India) 126.25 124.55 125.65 126.45 124.15 5930.80 132.45 87.80 18 124.65 H Nalco [5] 92.75 92.60 93.00 94.35 92.4012966.46 106.30 68.90 13 92.59
BharatRdNwk 40.70 40.45 40.20 41.25 40.20 46.73 49.05 24.50 ­ 40.49 GalaxSurfact 2837.60 2737.65 2840.00 2853.00 2712.75 22.54 2989.35 2217.50 42 2737.75 P Nalwa Son 3118.75 3332.30 3150.00 3390.00 3145.70 59.80 3268.05 2000.00 42 3325.50
Bharti Air [5] 947.30 961.40 949.00 964.30 941.95 4646.96 961.35 736.20 122 961.60 Gallant Mtl 99.75 97.65 100.50 100.55 96.60 243.86 104.65 46.00 14 98.00 D Nandan Den 24.35 24.05 24.90 25.15 24.00 151.85 30.70 15.01 ­ 24.18
BHEL [2] 141.85 140.95 142.60 143.15 139.8519703.69 148.95 66.30 ­ 140.95 Gandhi Tub [5] 681.95 677.35 681.05 689.00 675.05 5.24 774.10 412.25 17 677.25 P NandaniCreat 78.50 78.90 79.35 80.55 78.10 34.16 106.95 64.35 ­ ­
BigBlocCons [2] 153.30 152.85 154.50 155.70 151.55 56.31 189.65 116.80 74 152.35 Ganesh Hsg 393.10 383.20 390.00 393.95 380.50 31.09 491.30 261.30 22 381.85 P NarayaHru 1225.90 1220.45 1220.05 1258.00 1215.05 506.47 1243.35 705.25 74 1219.20
BikajiFoodIn 539.35 547.35 542.45 564.45 541.00 557.29 564.45 306.10 ­ ­ Ganesha Ecos 921.20 922.60 925.85 929.90 908.05 24.78 1158.95 778.55 34 920.20 w NarmadAgrbas 19.05 19.10 19.05 20.70 17.80 168.18 31.30 17.80 ­ ­
Biocon [5] 232.75 235.00 233.00 238.70 232.30 4820.49 293.30 191.60 ­ 235.00 GaneshBenzop 149.20 158.55 151.95 159.95 150.25 679.17 184.40 132.25 ­ ­ &P Natco Phr [2] 780.35 780.90 784.00 792.00 779.50 814.09 928.45 502.00 13 780.80
BioflChm&Pha 48.85 48.20 48.75 49.65 48.10 14.01 64.85 35.14 ­ 48.33 GardenReach 775.75 786.35 779.65 795.00 767.20 502.61 973.95 390.70 33 786.85 W Nath Bio­Gen 200.20 203.75 199.00 206.45 199.00 63.61 243.70 128.30 10 203.80
BirlaCable 279.15 278.45 280.90 284.45 276.50 55.06 432.55 118.85 22 278.60 GarwareHiTec 1433.35 1452.10 1433.40 1470.00 1431.00 15.59 1634.00 491.35 ­ ­ Natl Build [1] 67.05 67.35 67.45 68.85 67.00 9809.97 74.30 30.96 32 67.39
BirlaCorp 1313.15 1298.05 1323.00 1324.95 1292.00 96.11 1337.00 843.05 73 1298.25 GarwarTecFib 3170.65 3202.00 3172.65 3208.95 3165.90 12.01 3559.00 2586.95 36 3202.00 KC m Natl Fert 69.85 69.40 69.90 70.20 69.20 1163.04 89.69 48.25 54 69.37
Birlasoft 622.60 621.40 621.00 638.00 619.00 2497.16 638.00 250.25 ­ ­ Gati [2] 134.65 136.35 135.00 137.20 135.00 500.63 177.50 97.65 ­ 136.80 K C m Nava 386.80 377.25 387.95 388.45 374.10 420.36 473.70 179.90 ­ ­
Bk of Ind 103.95 104.55 104.20 106.10 103.90 6618.10 114.02 57.00 8 104.51 GatwayDistri 99.80 107.00 102.90 109.00 102.15 6022.85 109.00 58.55 ­ ­ KP Navin Flu [2] 3620.05 3606.80 3623.95 3644.60 3585.10 196.70 4922.00 3358.00 62 3608.15
Bk of Mah 44.70 44.85 44.95 45.35 44.5513807.50 51.90 20.05 9 44.82 GaytriHigwa [2] 1.15 1.20 1.20 1.20 1.15 1441.86 1.12 0.62 ­ 1.17 K Navkar Corp 62.85 64.60 63.00 66.80 63.00 2914.80 71.45 44.45 25 64.73
Bk ofBar [2] 196.80 197.65 197.50 198.70 196.0010307.67 219.60 143.65 6 197.70 GE Ship 780.70 779.85 785.00 791.95 772.00 218.40 919.45 527.05 5 778.60 m Navneet Ed [2] 141.20 139.30 142.85 142.85 137.55 320.91 176.15 88.12 15 139.50
BL Kash [1] 63.90 64.55 64.30 65.50 62.65 728.37 76.93 25.95 28 63.91 Geecee 207.00 208.85 209.30 216.20 207.05 36.76 231.70 122.05 ­ 208.65 M NazaraTech 804.90 801.55 805.00 817.95 794.00 112.50 929.05 481.85 ­ ­
BLB [1] 21.70 21.25 22.15 22.15 21.05 82.42 37.80 18.00 20 21.27 Genesys [5] 312.50 309.25 312.00 315.95 305.05 20.70 572.00 267.00 47 312.75 NCC [2] 161.65 171.00 162.40 172.45 162.2511948.89 176.95 71.10 19 171.15
Bliss GVS [1] 129.85 138.80 130.50 142.10 130.00 2616.31 135.99 68.60 19 138.79 GenInsCorpIn[5] 259.00 263.05 258.85 265.50 254.25 2516.88 259.90 122.40 8 263.00 C H NCL Ind 213.75 217.50 214.10 222.75 213.30 347.61 246.25 155.25 13 217.35
BLSIntlServ [1] 268.25 268.75 263.35 273.30 258.20 2272.73 302.00 149.70 ­ 268.60 Genus P&B [1] 20.40 21.80 20.70 22.10 20.65 2643.61 23.48 12.65 ­ 21.77 P NDTV [4] 190.60 191.50 190.95 192.55 188.30 96.89 470.05 167.05 ­ 191.20
Blue Dart 6859.55 6773.55 6916.00 6949.00 6729.50 12.09 8242.20 5633.00 56 6764.90 Genus Pwr [1] 232.55 235.55 234.50 238.50 230.00 619.01 290.00 78.10 112 236.25 w NECaryCorp 23.60 27.40 23.90 27.70 23.90 4221.52 30.44 13.20 23 27.33
BLUEJET HEALT 381.45 393.20 381.00 398.00 381.00 518.92 433.40 357.35 ­ ­ GeojitFinSer 67.90 68.25 68.10 69.50 67.30 958.60 71.50 39.15 ­ ­ Nect.Life [1] 25.60 28.25 25.65 28.65 25.40 5074.84 30.55 14.36 ­ 28.33
BlueStar [2] 969.65 980.65 969.70 999.05 969.70 186.68 992.00 552.80 64 981.00 GEPowerIndia 211.85 227.55 218.00 231.85 211.90 7178.20 211.35 97.45 ­ 227.50 W Nelcast [2] 173.20 171.75 173.20 175.70 170.30 212.64 194.50 80.00 44 171.70
Bodal Chem [2] 74.70 74.05 74.60 75.60 73.80 179.84 94.33 55.00 ­ 74.07 GFL 98.40 97.60 100.30 100.30 97.25 74.32 118.45 45.35 ­ ­ WH Nelco 755.90 752.45 756.00 763.65 748.75 36.70 894.00 487.00 68 751.85
BodhiTreeMul 157.85 164.40 158.00 165.00 155.30 233.89 209.00 122.60 ­ ­ Ghcl 518.85 540.90 520.00 543.70 519.95 340.03 666.45 464.90 5 540.70 WN R RU NeogenChem 1564.20 1564.80 1569.95 1583.70 1558.00 13.20 1859.30 1140.00 ­ ­
Bomay Bur [2] 1484.00 1480.30 1489.60 1525.00 1464.00 227.29 1545.45 780.65 ­ 1480.00 GhclTextiles 70.85 69.90 71.05 71.40 69.20 222.26 92.50 62.50 ­ ­ W Nesco [2] 815.65 807.55 820.00 831.95 804.75 169.90 842.50 505.25 18 807.55
Bombay Dye [2] 164.95 161.65 165.40 166.50 160.95 2117.54 176.95 53.37 ­ 161.50 GIC Hsg 189.35 186.70 189.90 190.65 186.00 225.89 247.70 130.40 6 186.70 K NestleIndia 24373.05 24302.55 24375.05 24403.80 24166.00 54.12 24735.50 17888.00 81 24300.45
BombySuprHyb 230.35 225.10 230.00 235.00 224.50 14.52 850.80 87.00 ­ ­ Gillander 105.70 103.75 110.95 110.95 102.50 200.84 108.10 56.61 ­ 104.26 NetwebTecInd 815.30 824.40 850.00 850.00 822.00 220.59 952.00 738.60 ­ ­
BOROSIL 401.25 400.70 402.30 409.85 398.40 92.63 482.20 300.00 ­ ­ Gillette 6337.95 6389.35 6378.00 6409.00 6321.05 6.16 6560.00 4140.00 58 6384.90 Netwk 18 [5] 85.15 82.95 85.15 86.50 82.35 3133.98 88.30 48.35 ­ 83.01
BorosilRenew 421.40 415.85 421.40 425.85 415.00 154.31 573.00 380.00 ­ ­ Ginni Fil 25.40 27.90 25.20 27.90 25.20 436.30 38.00 16.70 ­ 27.88 Neuland 5392.85 5396.40 5430.00 5524.30 5280.95 27.00 5451.00 1323.10 26 5392.15
Bosch 20651.90 20579.20 20660.00 20900.90 20485.00 21.88 20920.65 15740.00 40 20593.95 GlandPharma 1628.85 1629.20 1633.00 1707.00 1618.40 647.85 1908.80 861.00 ­ ­ P NglFineChem 1979.35 1953.25 2005.05 2050.00 1920.00 13.11 2439.95 1175.05 ­ ­
BPCL 390.25 392.00 390.65 393.40 387.45 2253.44 407.00 298.80 3 391.95 Glaxo Phr 1576.65 1647.95 1577.00 1675.00 1577.00 586.30 1646.00 1228.00 44 1646.70 NHPC 52.70 52.80 52.95 53.50 52.4511552.41 56.78 36.80 14 52.80
Brigade 739.80 732.60 745.95 748.30 727.55 195.70 762.70 430.95 59 732.60 Glb.Vect 89.95 87.90 90.00 91.95 87.10 27.32 105.56 47.50 ­ 87.97 W NIIT [2] 119.40 117.85 119.80 121.50 117.55 450.69 416.65 77.06 ­ 117.80
BrightcomGr[2] 16.90 16.65 16.90 17.05 16.60 9056.52 41.40 9.27 ­ 16.67 Glenmark [1] 775.95 785.20 775.95 796.45 775.95 1251.77 879.15 369.50 16 785.30 H NIITLearnSys 401.05 388.35 403.95 404.00 386.00 93.66 514.00 342.30 ­ ­
Britannia [1] 4718.30 4712.00 4691.25 4739.45 4690.90 126.07 5268.55 3710.35 52 4712.25 GlnmarkLifSc 626.35 625.60 624.00 628.85 624.00 56.44 675.00 370.00 ­ ­ D NILA SPACES 3.30 3.35 3.40 3.40 3.30 281.77 4.40 2.80 ­ ­
BSE 2411.30 2263.00 2449.10 2475.00 2250.05 2461.77 2475.00 406.20 ­ ­ Glob.Spr 820.75 822.75 820.75 826.40 819.00 47.21 1326.25 700.00 21 822.25 Nilkamal 2223.25 2213.45 2220.00 2232.65 2207.55 0.67 2800.00 1671.60 27 2209.00
BtrflyGandhi 1049.45 1030.70 1049.45 1056.45 1026.45 6.38 1705.30 980.65 43 1031.00 GlobalEductn 260.40 255.55 263.00 271.75 252.35 114.18 277.25 136.30 ­ ­ NINTECSYSTEM 478.40 478.70 493.95 493.95 454.50 10.12 521.90 246.00 ­ ­
GlobalHealth 902.50 896.85 907.00 907.50 894.50 347.78 958.00 407.25 ­ ­ K NipponLIAM 421.05 417.70 420.25 425.25 416.35 357.57 425.25 196.90 ­ ­
C .............................................. GlobalSurfac 206.25 221.75 207.00 226.70 204.40 1188.67 239.90 167.50 ­ ­ K NirajCement 42.20 45.75 44.25 47.65 43.20 390.71 47.65 33.25 ­ ­
Cambridge 70.20 69.05 70.50 71.65 68.20 49.99 78.60 46.00 36 69.09 GM Brew 663.15 665.55 666.60 671.40 663.00 18.46 808.40 509.00 12 665.35 K C Nitin Spn 312.05 315.00 314.95 317.20 310.70 140.76 334.45 182.25 14 314.75
Camlin Fine [1] 131.20 129.50 130.20 131.40 129.15 372.50 186.25 124.10 78 129.45 Gmdc [2] 385.95 391.25 387.25 402.50 387.00 4843.02 434.55 122.75 12 391.40 K C m NLC India 165.80 167.85 166.00 172.00 165.45 4494.75 171.00 69.79 13 167.75
CampsActWear 260.85 263.55 261.00 266.70 260.60 653.19 472.00 237.80 ­ ­ GMMPfauder [2] 1606.80 1580.90 1616.00 1619.10 1575.00 133.03 2189.50 1350.00 80 1579.80 K P PRO Nmdc [1] 168.90 170.70 170.80 173.00 169.1013004.35 177.75 14.82 10 170.65
Canara Bk 397.80 399.15 399.40 404.95 397.10 4411.49 411.00 268.85 6 399.20 GMR Inf [1] 58.70 57.70 59.00 59.00 57.25 7744.80 66.75 36.00 ­ 57.67 K NMDC STEEL 42.85 42.65 43.05 43.30 42.50 2242.03 59.75 29.75 ­ ­
CanFinHom [2] 766.50 773.35 771.75 791.90 766.70 1110.88 905.00 486.30 16 773.80 GmrPwr&Urbn 42.30 40.20 42.50 42.50 40.20 4550.30 48.55 14.35 ­ ­ K Nocil 244.90 239.25 246.00 246.00 236.15 1026.87 254.90 199.05 37 239.30
Cantabil [2] 209.35 205.85 209.00 209.20 205.05 54.25 282.52 160.10 26 205.60 GNA Axles 417.40 418.10 419.00 421.10 417.00 36.78 582.05 313.93 14 418.35 K w NRAgarwalInd 359.40 357.30 364.85 364.85 355.30 11.66 390.00 196.25 ­ ­
CapaciteInfr 257.30 257.50 258.40 264.60 255.25 1226.00 270.30 108.90 23 257.25 GNFC 707.05 707.80 709.00 714.90 702.30 672.71 726.35 484.45 12 707.50 K m H NRB Bear [2] 265.25 264.35 269.40 269.40 261.45 169.77 293.90 125.05 26 264.50
CapitalTrust 99.80 98.80 101.00 102.50 98.50 67.47 113.10 52.80 ­ 98.83 Goa Carb 536.30 532.20 543.50 545.00 529.50 21.88 683.45 391.80 7 532.90 K m NRB Ind [2] 31.75 31.95 32.45 32.45 31.05 74.09 34.89 15.05 ­ 31.83
Caplin Point [2] 1286.30 1269.60 1292.00 1298.00 1264.05 84.98 1338.00 575.00 36 1271.25 GOCL Corp [2] 535.00 554.40 539.70 566.80 532.50 332.94 640.00 255.70 56 554.30 K m NTPC 251.60 251.05 251.00 255.40 250.30 6283.83 254.20 161.20 13 250.95
CapriGlo [2] 759.45 750.95 763.40 763.40 750.00 83.04 874.00 565.85 99 751.40 God.Pow.Isp [5] 676.05 677.25 677.80 685.00 671.10 314.91 696.95 260.00 12 676.90 K NupurRecycle 92.75 91.45 92.75 94.30 91.15 49.97 159.00 86.05 ­ ­

CM
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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl
NURECA
NuvamaWealth
361.50 355.30 361.95 365.00 353.35
3121.80 3212.75 3149.00 3264.40 3056.00
36.48 717.20 295.10
317.24 3264.40 2100.00
­
­
­
­
S ............................................... Tata Inv
Tata M DVR [2]
3908.90
462.80
4501.75
457.90
3987.00
464.40
4598.70
466.35
3967.00 5004.30
455.15 3519.10
3905.15
466.90
1735.00 84 4493.25
190.65 ­ 458.00
ZuariIndus
ZydusLifescn
147.90 147.60 149.50 149.90 146.20
636.55 636.00 640.00 644.60 633.45
29.51 169.60 104.00
834.77 668.75 390.00
­
­
­
­
NuvocoVistas 351.30 350.50 351.30 354.50 348.45 94.73 408.50 288.00 ­ ­ S H Kelkar 153.80 156.60 154.60 157.85 151.20 398.49 172.50 81.90 25 156.65 Tata Metlk 961.05 956.95 961.05 964.95 954.75 68.97 1003.45 707.50 27 955.90 ZydusWel 1547.75 1538.75 1551.35 1568.10 1531.90 25.41 1791.15 1363.85 164 1537.10
SadanaNitrCh 93.65 92.70 93.50 99.75 91.55 2395.06 148.40 67.80 ­ ­ Tata Motors [2] 681.55 674.30 682.00 686.75 670.70 8324.35 687.55 375.50 42 674.05
SafariIndia 4428.00 4413.65 4464.00 4490.20 4340.45 34.47 4540.00 1571.40 ­ ­
O ............................................... Sagar Cem [2] 246.20 248.35 246.00 253.35 245.25 189.35 269.60 179.70 ­ 247.70
Tata Steel [1]
TataConsuPro
125.20
930.85
124.35
930.85
125.05
935.50
125.65
940.85
124.0518780.29
928.20 1169.03
134.85
940.85
98.15 10 124.45
686.60 ­ ­ Exchange Traded Funds
Oberoi 1340.90 1349.05 1353.00 1406.55 1344.20 2794.86 1350.15 790.05 72 1349.80 SagrdeepAloy 27.20 26.50 27.50 27.50 26.05 68.87 33.75 17.85 ­ ­
OdishaCeme [2] 2207.65 2203.40 2209.95 2219.95 2184.50 371.62 2424.40 1529.65 215 2201.70 TataPowerC [1] 262.65 260.85 263.85 264.40 260.10 4859.71 276.50 182.45 33 260.75
SahPolymers 110.10 111.70 110.70 114.50 110.35 101.59 120.90 67.25 ­ ­ TatvaChinPha 1504.65 1472.20 1503.10 1519.95 1430.00 17.37 2423.65 1399.90 ­ ­
Oil India 315.25 314.00 317.90 328.30 313.50 1055.44 339.45 187.50 5 314.00 SahyadriInd 366.50 379.30 369.00 384.90 363.00 13.03 484.10 322.25 ­ ­ Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl
OlectrGrnTec 1196.20 1294.05 1199.95 1308.00 1193.90 4878.13 1465.00 374.10 ­ ­ TCI Express [2] 1414.85 1429.20 1416.00 1434.90 1406.10 38.20 1980.00 1295.00 40 1426.40
SAI SILKS (K 280.20 292.70 282.30 294.10 279.50 1319.69 294.10 221.85 ­ ­ TCNSClothing 355.60 352.80 356.40 358.50 351.30 37.67 623.70 341.15 ­ ­
Omax Auto 57.65 59.10 58.30 59.80 57.40 60.65 77.70 37.65 ­ 58.81 SAIL 89.30 90.35 89.70 91.50 89.5530213.67 103.59 73.80 12 90.28 Axis Gold [1] 52.07 51.85 1070.43 53.70 43.04 51.82
Omaxe 78.00 79.45 81.00 81.00 76.45 566.73 94.94 42.39 ­ 79.30 TCPLPackage 2238.35 2230.15 2240.00 2250.00 2210.00 4.84 2365.00 1248.95 ­ ­
SakarHealth 384.85 381.10 385.05 398.95 367.70 48.36 410.00 185.55 ­ ­ TCS [1] 3502.45 3519.60 3491.25 3533.90 3491.25 1475.62 3680.00 3070.30 31 3519.30 AXISAMC ­ AXISBNKETF 441.64 441.95 82.67 480.00 389.79 ­
OMDC [1] 6909.55 6785.20 6950.95 7035.00 6760.00 20.59 7691.50 2295.00 ­ 6783.00 Sakth.Sug 30.85 30.75 30.60 31.30 30.45 764.01 36.47 18.07 ­ 30.72 AXISAMC ­ AXISBPSETF 11.30 11.30 44.39 12.95 10.05 ­
One97Commn 888.40 901.35 895.00 905.25 890.55 2310.52 998.30 438.35 ­ ­ TD Power [2] 267.60 276.70 270.65 278.00 269.00 327.20 288.10 95.90 39 276.70
SAL Stl 18.75 18.80 18.85 20.10 18.60 1564.45 23.25 11.65 ­ 18.78 TeamleaseSvc 2513.20 2517.90 2525.80 2577.65 2482.00 54.90 2944.45 2012.00 42 2512.75 AXISAMC ­ AXISHCETF 101.10 102.21 14.90 104.00 66.00 ­
Onelife Cap 16.05 17.05 16.40 17.30 16.15 82.91 18.97 10.80 ­ 17.06 SalasarTech [1] 51.10 48.85 51.15 51.50 48.60 648.81 58.66 27.60 34 48.91 AXISAMC ­ AXISILVER 74.57 74.11 10.08 79.48 61.00 ­
OnePntOneSol 39.60 47.50 41.50 47.50 41.50 3788.52 47.50 23.00 ­ ­ TechMahind [5] 1202.75 1211.80 1204.90 1222.50 1202.75 1077.37 1319.95 982.95 40 1211.60
SalonaCot 296.30 295.40 295.85 298.50 291.10 1.41 327.95 202.00 16 294.80 Technocr 1980.75 1929.40 1999.75 2009.55 1910.00 20.95 2357.50 730.10 24 1928.90 AXISAMC ­ AXISTECETF 333.92 338.91 3.16 350.00 274.64 ­
ONGC [5] 196.35 197.85 198.00 198.50 197.00 6423.27 203.35 131.70 6 197.85 Salzer Elec 368.40 368.10 368.40 372.20 363.80 56.47 430.95 221.45 16 367.80 AXISAMC ­ AXSENSEX 66.54 66.39 1.88 78.00 57.20 ­
OnMobile 111.50 108.05 112.80 114.00 104.45 1521.04 128.30 56.27 ­ 107.45 TechnoEle&En 671.65 726.35 685.00 735.00 681.00 584.61 735.00 288.00 ­ ­
Sambhaav [1] 3.65 4.35 3.85 4.35 3.85 782.07 4.89 2.22 ­ 4.39 TegaIndust 1043.20 1058.85 1048.00 1084.20 1047.25 88.73 1110.00 532.00 ­ ­ AXISAMC­AXISCETF 88.73 88.82 0.65 89.34 70.96 ­
Onward Te 557.35 580.20 559.90 597.45 558.25 124.28 662.70 259.50 48 579.15 SAMHI HOTELS 158.75 154.05 159.70 160.20 152.80 360.42 170.85 127.25 ­ ­ AXISAMC­AXISNIFTY 212.10 211.77 2.55 218.92 179.30 ­
OptimusInfra 309.65 322.90 320.75 338.35 320.00 1324.51 381.20 160.45 90 323.20 TejasNetwork 833.60 827.70 838.00 847.65 825.05 244.48 940.00 510.00 ­ ­
SAMPANN UTP 17.50 18.30 17.80 18.35 17.65 69.19 20.30 14.70 ­ ­ TemboGlblInd 251.00 251.15 256.00 256.00 250.00 51.30 266.95 95.35 ­ ­ Bank BeEs [1] 444.92 444.62 418.51 476.40 369.19 444.86
OracleFinSer [5] 4180.00 4195.00 4180.05 4244.75 4175.00 52.71 4528.95 2889.00 20 4195.15 SamvdMthnInt 90.05 88.90 90.50 90.55 88.60 9226.54 103.40 61.80 ­ ­ Birla Gold 54.62 54.76 30.62 56.51 44.93 54.51
Orbit Exp 199.10 202.35 196.05 206.65 196.05 24.88 230.00 114.85 17 201.55 TeraSoftware 45.65 44.55 46.00 46.30 44.20 55.40 59.50 29.00 10 44.70
SandharTech 469.70 499.30 475.00 504.00 472.75 699.09 471.90 186.10 29 498.60 Tex.Infra [1] 102.95 106.15 103.00 108.35 101.75 1885.73 111.45 47.10 ­ 106.66 Birla Nifty [100] 22.39 22.36 65.18 5790.00 4587.00 ­
OrchidPharma 524.05 540.25 524.00 574.40 523.85 153.21 577.00 265.00 ­ ­ SANDUR MANG 1522.50 1531.95 1522.50 1556.75 1503.00 25.89 1769.70 1429.60 ­ ­ BIRLASLAMC ABSLBANETF 44.00 43.90 620.27 49.99 38.70 ­
Oricon Enter [2] 33.15 32.30 33.15 33.40 31.95 296.97 35.70 15.25 ­ 32.05 Tex.Pipe 70.65 69.05 70.15 71.20 67.40 314.86 89.25 41.00 11 69.24
Sangam 319.20 316.95 318.55 320.20 313.95 14.26 393.30 185.00 17 317.70 Tex.Rail [1] 143.90 146.10 145.00 148.70 141.25 3750.80 163.85 40.49 72 146.20 BIRLASLAMC ­ ABSLLIQUID 1000.00 999.99 1.31 1002.00 999.01 ­
Orient Bell 411.20 405.80 410.00 412.00 404.25 14.29 648.95 403.55 73 405.80 Sangh.Mov [2] 797.20 782.70 801.00 810.90 779.00 120.91 815.00 205.10 23 782.80 BIRLASLAMC ­ SILVER 74.85 74.14 533.32 78.99 57.81 ­
Orient Cem [1] 222.55 233.05 222.85 234.40 222.40 1846.68 227.60 104.70 30 233.10 TGB Banq 12.90 12.70 12.90 13.15 12.55 92.33 14.50 7.91 ­ 12.83
Sanghi Ind 113.70 112.90 114.00 114.05 112.45 720.64 131.90 52.80 ­ 113.00 Thanga.Jwl 1373.05 1418.90 1394.65 1424.00 1386.75 31.30 1533.90 472.08 35 1418.20 BIRLASLAMC­ABSLNN50ET 48.22 48.05 7.64 56.04 37.52 ­
ORIENT CERATE 59.50 58.10 57.60 60.00 57.05 229.68 64.00 32.15 ­ ­ SanginitChem 24.75 25.45 24.85 26.55 24.85 171.69 27.15 16.50 ­ ­ BIRLASLAMC­BSLSENETFG 64.55 64.24 10.21 77.00 55.05 ­
Orient Grn 22.10 23.10 23.20 23.20 21.3093339.40 22.11 7.09 ­ 23.15 The Byke Hos 63.15 62.50 64.80 66.00 60.20 812.05 63.23 31.25 46 62.30
Sanofi 7703.45 7729.05 7703.95 7759.95 7684.75 10.11 7869.85 5240.00 31 7730.20 TheAnupEngg 2698.05 2754.70 2694.90 2781.00 2679.65 23.50 2866.00 811.00 ­ ­ BIRLASLAMC­HEALTHY 10.15 10.16 232.55 10.26 6.55 ­
Orient Htls [1] 105.75 103.50 106.45 106.60 103.00 448.42 111.90 62.80 31 103.53 SanseraEngg 830.60 859.20 828.00 862.60 827.00 183.46 998.20 697.05 ­ ­ BIRLASLAMC­MOMENTUM 24.40 24.57 7.80 26.30 17.33 ­
Orient Pap [1] 43.05 42.80 43.25 43.50 42.55 1142.89 59.79 34.35 9 42.77 TheInvstTrst 94.65 103.40 96.65 104.10 94.00 171.76 108.95 63.35 ­ ­
SapireFoodIn 1396.30 1396.15 1399.95 1402.00 1380.00 46.63 1567.85 1102.50 ­ ­ ThejoEngg 2231.20 2216.20 2285.00 2285.00 2178.20 12.90 2293.90 1010.00 ­ ­ BIRLASLAMC­NIFTYQLITY 17.05 17.01 29.20 17.65 13.41 ­
Orient Pres 75.20 73.25 75.85 76.25 72.95 35.13 97.70 53.25 ­ 73.54 Sarda Ene [1] 233.30 240.45 233.30 242.65 229.30 483.23 256.00 81.30 15 239.85 BIRLASLAMC­TECH 33.34 33.39 19.26 35.00 26.63 ­
Orient Tri 7.00 7.25 7.10 7.70 7.05 235.00 9.75 5.50 ­ 7.25 Themis [1] 156.50 155.35 158.75 161.45 154.00 72.08 198.10 87.51 38 156.25
Saregama [1] 372.00 360.75 375.85 375.85 345.15 1412.56 489.95 303.30 38 360.45 TheNewIndA [5] 151.95 155.00 151.10 156.00 149.00 2264.23 155.00 87.30 26 154.95 ConsConstCon 168.87 168.35 121.32 174.95 133.10 ­
OrientalArmt 344.45 348.40 346.20 353.80 345.65 4.34 503.20 295.55 ­ ­ Sarla Perf [1] 50.10 49.35 50.10 50.40 48.70 104.06 59.95 32.40 17 49.40 DSPAMC ­ DSPBANKETF 43.94 43.99 32.82 51.00 35.90 ­
OrientalCar 796.60 798.10 800.00 802.75 792.45 5.54 916.15 651.00 18 795.85 Thermax [2] 2830.35 2787.85 2834.90 2910.20 2775.00 51.63 3227.85 1830.35 84 2795.35
SarthakMetal 227.30 221.60 230.45 230.45 220.00 15.91 274.00 123.25 ­ ­ Thiru.Chem [1] 191.10 189.90 191.10 193.15 189.05 189.74 244.20 168.35 25 189.95 DSPAMC ­ DSPGOLDETF 61.05 60.75 9.34 71.70 55.00 ­
OrientElect 220.30 217.75 220.90 221.70 215.55 88.34 291.00 207.70 ­ ­ Sasken 1244.60 1211.90 1247.00 1248.30 1207.00 12.24 1446.85 774.00 17 1214.95 DSPAMC ­ DSPITETF 32.11 32.50 28.54 39.40 29.00 ­
OrisaBengCar 60.00 60.50 60.10 61.35 59.05 45.61 102.95 45.00 ­ ­ Thom.Cook [1] 154.85 157.40 154.05 161.00 154.05 988.86 162.15 52.45 127 157.60
SastaSunVent 398.25 389.50 398.25 399.50 382.10 47.55 426.70 190.05 ­ 390.95 ThyrocareTec 535.75 536.10 537.95 541.95 535.05 18.16 769.00 416.00 48 538.40 DSPAMC ­ DSPPSBKETF 50.67 50.52 4.26 57.89 43.92 ­
OSIA HYPER RET 54.85 54.90 55.50 55.50 54.10 452.12 58.50 29.45 ­ ­ SatiaIndus 117.35 117.05 117.90 118.80 116.75 280.21 154.00 101.00 ­ ­ DSPAMC ­ DSPPVBKETF 22.80 22.77 1.56 28.06 21.75 ­
OswalAgroMil 33.35 33.05 33.50 33.85 32.85 54.75 99.50 23.55 ­ 33.01 Tidewater [2] 1271.00 1282.00 1278.00 1306.95 1271.05 107.25 1323.00 809.75 24 1280.40
Satin Credit 250.40 254.30 254.80 258.00 248.30 759.06 274.20 116.25 8 254.35 Tilakngr Ind 271.95 273.30 273.50 274.50 268.00 484.02 284.70 91.20 47 272.75 DSPAMC ­ DSPSENXETF 65.84 65.71 0.40 79.51 63.03 ­
OswalGrenTec 25.75 25.60 26.10 26.10 25.40 168.05 33.50 16.80 ­ ­ SATIndust 96.00 96.30 97.45 97.45 95.35 484.05 145.60 55.00 ­ ­ DSPAMC­DSPN50ETF 201.99 201.59 0.10 243.00 170.95 ­
Time Gty 73.30 72.95 71.65 74.50 71.65 29.38 81.67 43.47 38 73.03
Savita [2] 329.90 329.00 330.00 332.00 326.60 70.60 387.20 231.95 14 328.05 Time Tech [1] 171.00 176.15 171.60 177.00 168.50 3115.03 178.50 69.55 30 175.95 DSPAMC­DSPNEWETF 245.89 246.89 40.41 267.02 194.25 ­
P ............................................... SBCExports 28.50 29.40 29.05 30.00 28.50 2849.75 30.00 10.25 ­ ­ Timken 2959.80 2946.80 2959.80 2969.60 2921.15 39.46 3760.80 2626.10 62 2949.95 DSPAMC­DSPQ50ETF 193.18 194.55 1.28 213.70 151.15 ­
P&GHealth 5137.55 5174.05 5138.00 5282.00 5137.70 11.30 5500.00 3870.10 ­ ­ SBFCFin 91.40 90.85 92.50 92.50 88.70 4912.15 96.90 80.20 ­ ­ Tinplate 401.75 400.40 401.05 403.45 398.75 238.13 420.70 296.10 45 399.85 DSPAMC­DSPSILVETF 72.34 72.15 5.40 78.80 60.20 ­
P&S Bk 42.20 42.00 42.40 42.75 41.80 1241.16 53.61 16.00 24 41.98 SBI [1] 563.05 563.75 564.00 566.80 560.6012714.59 629.65 501.85 8 563.70 Tips Ind [1] 379.40 386.05 383.60 399.35 381.25 282.11 384.40 143.35 47 386.15 DSPBRAMC­LIQUIDETF 999.99 999.99 699.48 1045.00 995.00 ­
Page Ind 37495.60 37525.45 37495.60 37735.95 37323.05 11.20 51459.20 34968.60 82 37508.85 SBICards&Pay 732.85 742.90 738.90 750.60 730.05 4081.17 933.00 695.55 ­ ­ TitagarRail 974.65 935.95 970.00 982.80 923.60 2770.24 995.00 183.85 ­ ­ EDELAMC ­ EBBETF0425 1164.72 1164.28 3.37 1199.70 1089.07 ­
PaisaloDigit [1] 80.10 82.00 80.40 84.30 80.35 1365.80 94.95 42.01 27 82.06 SBILifeInsur 1413.95 1385.30 1413.95 1420.00 1383.00 726.21 1434.40 1039.25 75 1385.20 TitanCompa [1] 3338.85 3345.85 3338.00 3353.95 3312.25 497.38 3365.95 2268.90 87 3345.85 EDELAMC ­ EBBETF0430 1307.53 1308.32 6.04 1341.50 1040.00 ­
Pakka 232.15 233.70 232.15 243.30 231.05 190.97 316.40 117.40 ­ ­ SchaeflerInd [2] 2711.30 2756.45 2710.00 2765.00 2702.30 99.27 3719.20 2554.75 47 2759.35 TMB 523.35 523.80 523.45 528.35 521.45 56.36 611.35 399.00 ­ ­ EDELAMC ­ EBBETF0431 1166.86 1165.85 8.44 1197.30 1088.00 ­
PalredTech 172.10 167.90 173.25 174.00 164.15 83.04 194.45 112.10 88 168.25 SChand&Co [5] 265.05 257.20 265.55 267.80 254.20 44.72 297.95 152.00 50 257.65 TN News 268.10 263.95 268.15 269.80 262.55 350.67 302.90 200.05 5 263.60 EDELAMC ­ EBBETF0433 1063.58 1062.68 3.51 1262.60 1001.05 ­
Pan.Petro [2] 305.95 308.30 305.95 309.95 296.85 68.16 424.75 268.05 14 307.50 Schneider [2] 332.30 344.70 334.00 352.30 333.20 1038.28 396.95 138.10 48 343.35 TN Petro 89.50 88.15 90.10 90.45 87.90 209.13 102.10 68.37 12 88.15 EDELAMC ­ EGOLD 63.25 62.90 2.67 74.20 61.40 ­
Panac.Bio [1] 152.15 153.65 152.15 156.90 152.15 76.52 181.95 107.15 ­ 153.60 SCI 134.40 132.75 134.80 135.15 132.25 1422.92 164.00 79.50 8 132.80 Tokyo Pl 110.95 133.05 110.90 133.10 109.95 1883.81 121.03 84.31 ­ 133.05 EDELAMC­BBETF0432 1096.98 1094.59 1.39 1266.00 844.00 ­
ParadepPhosp 62.20 62.60 62.30 64.60 62.30 2644.68 75.40 48.30 ­ ­ Seamec 882.15 900.65 884.80 933.45 884.80 184.38 1150.00 563.30 57 899.95 Tor.Pwr 834.00 825.70 833.05 841.00 820.00 120.84 854.35 430.90 19 824.80 Gold BeEs [1] 51.86 51.66 3682.66 52.85 42.97 51.69
ParagMilk 214.95 212.85 215.05 218.95 210.05 490.70 233.30 68.00 29 212.25 SecurCredent 18.85 19.80 19.50 20.40 18.60 538.15 138.00 15.60 ­ ­ TorrentPhar [5] 2082.35 2110.75 2082.35 2118.80 2081.80 318.19 2099.95 1446.15 65 2111.35 Goldmanamc ­ CPSEETF 57.08 56.99 763.74 57.83 36.63 56.99
ParasDef&Spc 720.50 710.20 716.00 722.00 708.20 179.83 848.00 445.55 ­ ­ SecureludTec 35.80 35.60 35.60 36.40 35.40 34.35 73.60 30.15 ­ ­ TotalTranspt 133.60 129.80 133.90 135.95 129.00 12.24 186.60 110.10 ­ ­ HangSengBees [1] 262.43 263.20 28.86 332.00 210.26 263.01
ParDrugs&Che 236.50 231.70 234.00 238.50 230.30 25.47 241.00 128.35 ­ ­ SecuriIntSvc [5] 442.40 446.15 443.15 450.00 440.60 31.59 485.00 317.95 29 445.05 Tou.Fin.Cor 116.75 116.60 117.70 119.30 113.50 2610.62 118.85 66.75 12 116.55 HDFC GOLD ETF 53.24 53.20 398.48 54.59 45.85 ­
PasuptiAcryl 37.45 37.20 37.05 38.00 37.00 151.12 47.00 22.35 ­ ­ Selan Exp 450.30 459.90 452.00 471.00 452.00 112.28 479.00 206.75 26 459.35 TPL Plastech [2] 52.50 52.30 53.20 53.20 51.35 402.81 58.75 25.75 24 52.27 HDFCAMC ­ HDFCBSE500 28.09 28.05 10.57 32.46 22.35 ­
PATANJAFOODS 1411.50 1389.30 1410.00 1417.30 1376.80 403.46 1479.80 853.50 ­ ­ SencoGold 676.75 700.65 682.00 718.00 681.40 519.32 782.85 358.45 ­ ­ TracxnTech 83.10 85.25 83.50 87.25 83.50 2868.29 103.40 60.10 ­ ­ HDFCAMC ­ HDFCGROWTH 101.39 101.37 2.60 104.10 83.30 ­
Patel Eng [1] 49.05 51.50 51.00 51.50 50.50 5158.21 62.11 13.10 20 51.56 SEPC 23.95 22.75 24.25 24.25 22.7510954.59 25.85 7.45 ­ ­ Trans.Corp [2] 859.50 866.40 852.05 884.70 852.05 31.02 919.15 556.05 21 868.70 HDFCAMC ­ HDFCLIQUID 1000.00 1000.01 1.50 1010.00 999.99 ­
Patel Int 16.45 18.10 17.80 18.90 17.20 2129.87 21.29 10.51 ­ 18.15 Sequent Sc [2] 98.05 103.60 98.05 104.10 98.05 6055.54 113.89 61.80 ­ 103.73 TRANSINDIA R 44.75 43.60 45.00 45.85 43.35 1143.79 49.70 32.80 ­ ­ HDFCAMC ­ HDFCLOWVOL 15.69 15.62 4.83 179.47 13.00 ­
PBFintech 802.70 829.45 809.35 832.00 798.20 2127.21 832.00 390.70 ­ ­ Sesh.Paper [2] 331.10 334.50 332.80 337.00 332.80 41.21 421.75 220.00 6 334.95 Transwarnt 10.30 9.65 10.65 10.65 9.55 110.23 13.80 7.55 ­ 9.73 HDFCAMC ­ HDFCMID150 15.60 15.64 85.26 168.00 14.17 ­
PC Jewl 29.75 29.20 29.80 30.10 29.05 2191.83 104.90 21.40 ­ 29.28 ShahMetacorp 3.30 3.30 3.35 3.40 3.20 4022.87 4.20 2.40 ­ ­ Tree Hse 20.60 20.95 21.60 21.60 20.75 63.63 25.70 10.35 ­ 21.01 HDFCAMC ­ HDFCMOMENT 24.30 24.42 17.90 255.00 21.75 ­
PCBL 239.15 232.45 239.55 241.25 230.05 3241.97 244.90 108.70 ­ ­ Shakt.Pump 1037.05 1021.75 1038.05 1044.65 1017.15 68.29 1224.65 380.15 88 1021.40 Trent [1] 2576.40 2622.75 2595.00 2637.30 2585.30 568.58 2613.75 1155.10 132 2622.70 HDFCAMC ­ HDFCNIFBAN 441.90 442.01 2.43 473.10 389.25 ­
PDS 612.65 614.90 618.80 630.00 606.25 117.42 666.00 299.60 ­ ­ Shal.Paints [2] 178.65 173.55 178.50 179.45 173.10 63.01 199.00 121.55 ­ 173.50 TRF 268.10 270.05 270.85 273.00 267.00 85.66 292.65 152.70 6 269.95 HDFCAMC ­ HDFCNIFIT 326.19 329.20 2.13 365.00 262.75 ­
Pearl Poly 31.75 31.55 32.20 32.40 31.00 189.79 38.00 16.00 ­ 31.29 Shalby 289.90 293.10 290.90 304.10 289.15 1231.45 301.75 114.35 34 293.15 Trib Bhimji 124.80 123.05 125.50 126.60 122.00 209.70 137.90 58.50 16 122.90 HDFCAMC ­ HDFCNIFTY 216.55 216.24 29.65 224.10 176.01 ­
Peninsula [2] 42.20 41.30 42.45 43.00 40.95 884.63 52.39 11.11 26 41.21 ShankarBldg 710.50 698.70 713.05 717.70 688.55 111.63 929.30 574.00 26 697.50 Trident [1] 37.45 37.10 37.65 37.75 36.90 7873.91 43.75 25.10 ­ 37.11 HDFCAMC ­ HDFCPVTBAN 228.61 227.89 121.46 244.00 197.00 ­
Pennar Ind [5] 113.00 121.40 113.85 122.40 112.35 6294.77 123.80 50.00 32 121.20 Shanthi Grs [1] 462.80 458.60 462.80 464.20 455.00 36.65 527.00 292.10 46 459.05 Trigyn 119.15 123.15 119.65 125.15 119.65 260.25 145.35 84.75 22 123.30 HDFCAMC ­ HDFCQUAL 46.18 46.18 5.58 47.12 37.06 ­
Persistnt 6386.85 6480.50 6409.00 6499.95 6388.55 479.40 6479.15 3611.05 50 6486.80 ShardMotor [2] 1293.45 1252.60 1280.10 1309.90 1242.00 41.44 1319.95 550.00 16 1256.25 TRIL [1] 195.15 202.85 197.70 204.00 194.75 1179.88 197.95 48.45 ­ 202.85 HDFCAMC ­ HDFCSENSEX 724.53 724.26 1.37 784.00 622.00 ­
Petronet 196.05 195.15 196.00 196.60 194.50 1599.10 254.25 191.65 9 195.10 ShardaCropch 426.30 419.05 426.35 428.35 416.30 48.45 580.00 368.80 15 418.35 Triv.Eng [1] 363.00 366.95 363.00 369.90 361.65 588.11 417.00 249.30 19 366.95 HDFCAMC ­ HDFCSILVER 72.19 71.52 163.64 77.15 59.50 ­
PFC 316.25 324.25 316.95 325.50 315.4519353.14 319.90 87.44 8 324.35 ShareIndSec 1769.20 1720.05 1780.00 1780.00 1693.00 212.14 1847.00 990.60 ­ ­ Triv.Tur [1] 408.70 424.00 408.75 426.45 404.80 893.60 456.20 241.10 78 424.05 HDFCAMC ­ HDFCSML250 130.10 130.33 128.07 133.75 85.00 ­
Pfizer 3985.95 3986.90 3999.95 4016.90 3975.05 8.85 4662.35 3406.95 34 3981.65 SheelaFoam [5] 1102.55 1145.10 1103.95 1150.00 1099.95 222.26 1496.95 905.50 62 1145.75 TrucapFin 73.70 70.95 73.70 73.75 69.90 2276.70 84.30 37.25 ­ ­ HDFCAMC ­ HDFCVALUE 107.77 107.11 1.65 109.75 88.90 ­
PG Elec 2257.35 2336.50 2240.00 2404.00 2237.00 149.20 2278.60 959.00 121 2337.10 Shemaroo Ent 146.70 142.75 146.90 149.45 142.20 43.32 188.70 101.00 54 142.65 TTK Prst [1] 786.25 790.05 787.50 791.60 780.10 25.90 950.00 652.10 48 789.00 HDFCAMC­HDFCNEXT50 47.20 47.04 10.57 522.32 42.90 ­
PGHH 18427.55 18211.70 18625.00 19250.00 18012.25 13.59 18783.50 13101.05 80 18159.75 ShetalCoolPr 345.45 339.55 346.00 351.30 335.10 17.85 717.05 335.00 ­ ­ TTKHealtcare 1299.10 1316.90 1305.60 1324.80 1287.00 29.07 1450.00 827.65 29 1320.00 HDFCAMC­HDFCNIF100 20.07 19.93 27.13 220.70 18.91 ­
Phoenx.Mil [2] 2285.70 2294.80 2298.00 2335.45 2260.00 292.58 2366.40 1186.45 142 2295.70 Shilpa Med [1] 375.90 367.25 376.00 378.45 364.85 364.78 388.90 222.40 ­ 368.70 TTML 88.95 87.95 89.05 90.00 87.50 1835.20 109.10 49.80 ­ 87.99 ICICIPRAMC ­ ICICI500 29.51 29.44 73.35 30.15 23.71 ­
PidiliteInd [1] 2510.30 2483.55 2510.30 2520.00 2476.25 208.07 2796.15 2250.85 84 2483.70 ShilyEngPlas 1798.15 1836.30 1822.00 1865.00 1801.20 19.46 1957.00 955.00 ­ ­ TubeInvIndia 3164.85 3170.25 3150.00 3196.00 3131.00 105.54 3736.40 2375.00 ­ ­ ICICIPRAMC ­ ICICIALPLV 213.48 214.02 86.03 222.18 161.01 ­
PIIndustries [1] 3726.50 3689.35 3726.50 3731.00 3675.00 136.51 4010.00 2870.00 38 3693.05 ShivalikBimt 537.45 533.20 537.45 545.00 531.00 77.52 750.00 359.00 ­ ­ TV Today [5] 208.00 209.00 208.00 212.10 207.45 94.69 315.00 170.00 23 209.10 ICICIPRAMC ­ ICICIAUTO 171.79 170.67 64.37 172.37 120.40 ­
PIL Italica [1] 9.90 9.90 10.20 10.20 9.60 308.84 5435.39 5.95 ­ 9.90 ShivaMills 77.30 79.70 77.95 80.70 77.95 14.05 133.15 62.38 ­ 79.75 TV18 Br [2] 44.40 43.55 44.15 44.80 43.40 5534.52 51.65 27.35 ­ 43.55 ICICIPRAMC ­ ICICIBANKP 226.84 226.64 41.64 238.95 194.26 ­
Pilani Inv 2543.70 2626.30 2594.00 2679.90 2578.65 36.66 2580.00 1602.65 17 2622.00 ShivaTaxyarn 127.25 128.90 125.30 129.65 125.30 22.89 169.70 107.35 ­ 128.15 TVS Elec 350.30 341.30 350.30 351.65 335.10 63.17 448.00 254.45 146 342.00 ICICIPRAMC ­ ICICICOMMO 66.64 66.38 16.98 71.99 53.75 ­
PiramalPharm 116.75 119.60 117.10 121.20 116.85 9615.82 145.80 63.10 ­ ­ ShivlkRasayn 659.25 659.25 665.00 665.00 654.50 2.33 893.00 619.95 ­ ­ TVS HOLDINGS 5598.90 5553.15 5599.50 5719.40 5505.00 10.42 5920.00 3701.20 ­ ­ ICICIPRAMC ­ ICICIFMCG 544.47 543.58 6.86 561.94 421.00 ­
Pirmal.Ent [2] 937.55 931.25 940.00 943.60 930.00 459.31 1140.00 630.20 6 931.50 Shop.Stop [5] 658.35 659.05 658.40 666.95 644.15 53.48 889.75 574.85 73 655.65 TVS Mot [1] 1747.60 1719.25 1754.95 1764.90 1706.00 1110.93 1754.35 968.00 46 1719.50 ICICIPRAMC ­ ICICIM150 159.05 159.47 26.85 160.45 112.27 ­
PittiEngg [5] 697.30 709.60 697.50 714.40 695.00 212.02 735.55 256.80 31 708.35 Shr.Ren.Sug [1] 49.65 49.95 49.75 50.90 49.65 6696.69 65.60 39.50 ­ 49.89 TVS Sri 4735.70 4811.60 4787.50 4852.20 4733.85 8.89 4876.55 2433.25 39 4807.05 ICICIPRAMC ­ ICICIPHARM 101.59 101.67 47.09 102.67 73.81 ­
PixTransmisn 1253.95 1234.45 1279.95 1288.95 1230.05 16.66 1568.95 702.00 ­ ­ ShradInfProj 49.80 48.40 49.05 50.75 48.10 70.13 104.75 34.90 ­ ­ TvsSuplyChan 211.90 209.95 212.60 214.30 209.20 836.90 258.00 193.80 ­ ­ ICICIPRAMC ­ ICICIQTY30 168.88 169.68 1.42 169.99 156.80 ­
Plastiblen [5] 292.60 303.25 290.35 308.25 289.05 76.50 322.25 139.00 26 305.95 Shre PushChe 194.80 192.60 196.30 196.45 191.80 29.70 244.80 141.00 41 192.40 ICICIPRAMC ­ ICICITECH 33.92 34.13 370.51 35.70 27.25 ­
PLAZA WIRES
PNB Gilts
105.05
98.80
110.30
98.75
106.95
99.35
110.30
100.60
106.90 852.74
97.60 1580.86
173.50
104.90
75.70
55.25
­
57 98.73
­ ShreDigvjCem
ShreeCements
87.90
26199.80
86.70
25953.65
88.00
26199.80
88.55
26315.00
86.45 236.56
25905.05 19.78
101.35
27284.85
57.30 ­ ­
21355.55 49 25914.65
U ............................................... ICICIPRAMC ­ IPRU5008 44.02 44.06 910.99 47.55 38.00 ­
PNB Housing 808.55 819.95 804.05 824.80 801.20 711.85 815.00 340.66 16 819.10 UB [1] 1583.15 1573.40 1590.00 1590.00 1570.10 152.42 1805.00 1342.25 156 1574.00 ICICIPRAMC ­ PSUBANKICI 50.91 50.91 242.69 55.06 35.34 ­
SHREEOSWALS 62.80 62.35 63.00 63.75 62.00 21.17 425.35 55.00 ­ ­ ICICIPRAMC­BARATWIN 78.34 78.05 334.38 80.10 49.00 ­
PNC Infratec [2] 322.85 324.15 324.40 328.80 320.30 321.34 387.20 251.10 14 324.85 Shrenik 1.05 1.05 1.10 1.10 1.00 1481.46 1.95 0.85 ­ ­ UCAL 133.75 132.60 134.15 136.15 132.05 14.71 141.90 128.25 ­ ­
Pokarna Ltd [2] 552.00 561.20 553.70 568.00 552.00 143.99 599.95 233.75 ­ 560.35 Uco Bk 38.65 38.75 38.65 39.15 38.45 7757.41 48.50 12.91 25 38.72 ICICIPRAMC­ICICI5GSEC 54.25 53.82 0.71 62.95 49.80 ­
Shreyas 306.40 303.10 307.00 309.95 302.05 44.97 506.00 212.20 23 303.65
Poly.Medi [5] 1540.00 1554.35 1535.00 1581.00 1531.00 74.89 1573.95 820.90 66 1552.00 UdayshvInfra 37.65 38.65 37.90 40.40 37.90 1512.35 44.30 27.30 ­ ­ ICICIPRAMC­ICICICONSU 89.02 89.04 2.28 100.00 71.00 ­
ShriramFin 1994.80 1988.95 1995.00 2009.80 1977.80 572.60 2051.00 1190.00 ­ ­
PolycabIndia 5288.05 5312.90 5307.90 5320.95 5261.05 339.01 5493.65 2500.25 ­ ­ Uflex 447.75 458.55 452.50 462.50 448.00 336.60 741.25 325.20 16 458.85 ICICIPRAMC­ICICIFIN 21.33 21.25 196.73 22.40 15.21 ­
SHRIRAMPIST 1193.95 1151.35 1248.00 1248.00 1134.25 137.04 1649.00 871.00 ­ ­
Polyplex 1036.60 1031.60 1036.60 1044.95 1028.90 39.56 1864.95 1010.00 22 1031.20 Ugar Sug [1] 90.20 89.75 90.80 91.30 89.50 345.87 135.65 72.40 15 89.70 ICICIPRAMC­ICICIINFRA 65.70 65.62 7.00 67.03 50.40 ­
ShriramPropr 106.45 106.40 107.30 111.60 106.00 4271.19 111.60 53.00 ­ ­
PonawalaFinC 371.15 362.95 367.15 372.95 362.50 2523.41 451.50 243.00 ­ ­ UgroCapital 276.65 268.60 276.55 279.15 267.10 243.51 319.15 131.25 ­ ­ ICICIPRAMC­ICICILIQ 999.99 999.99 378.99 1200.00 981.35 ­
ShyamCent [1] 19.70 21.15 19.55 21.40 19.40 2034.58 24.55 15.42 ­ 21.14
PondyOxides 434.85 440.85 435.00 450.25 435.00 32.94 521.30 262.10 ­ ­ UjivanFinSer 556.35 559.15 556.35 562.25 551.50 596.16 604.70 229.90 37 559.05 ICICIPRAMC­ICICIMOM30 24.58 24.67 236.23 24.70 17.85 ­
ShyamMetalic 454.55 456.55 457.80 465.00 455.05 332.56 494.35 254.55 ­ ­
Ponnie Sug 421.60 428.80 422.00 436.85 421.85 44.75 581.00 241.45 10 427.55 UjjivanSFB 56.00 55.80 56.25 56.60 55.40 7454.77 61.40 22.75 ­ ­ ICICIPRAMC­ICICINXT50 48.44 48.35 30.11 51.00 37.10 ­
Siemens [2] 3570.75 3586.20 3580.00 3595.00 3560.00 109.32 4066.10 2692.00 72 3582.90
Power Mech 3951.10 4180.85 3996.00 4210.00 3980.40 98.53 5062.25 1571.20 29 4182.70 UltraTech 8790.95 8661.50 8800.00 8815.20 8651.10 174.31 8870.65 6605.45 45 8663.50 ICICIPRAMC­ICICISIL 74.82 74.14 137.67 79.41 62.12 ­
SigachiIndus 52.45 53.20 52.75 54.00 52.40 1771.47 419.40 36.40 ­ ­
PowerGrid 209.50 209.30 210.10 211.20 208.8511156.90 215.10 153.34 13 209.30 UmaExports 47.65 47.20 47.65 48.45 47.10 40.93 75.50 35.30 ­ ­ ICICIPRNIFLWVL30ETF 53.26 53.24 1178.42 55.10 42.20 ­
SIGMA SOLVE 463.15 453.25 470.00 473.95 450.00 11.92 570.00 297.25 ­ ­
Praj Ind [2] 585.80 591.75 588.00 609.00 586.15 1650.86 614.00 299.00 41 591.20 SIGNATUREGL 723.15 727.95 723.00 730.00 703.55 175.80 740.00 444.00 ­ ­ Unichm Lab [2] 425.85 419.70 425.45 425.45 417.00 22.56 467.00 265.00 ­ 418.40 ICICIPRNIFLWVL30ETF 126.73 127.09 23.98 128.29 88.77 ­
PrakashPipes 404.40 391.30 409.80 410.00 390.00 127.11 445.60 134.20 ­ ­ SikkoIndust 65.60 64.35 65.50 65.90 64.00 29.88 95.20 56.80 ­ ­ Union Bk 108.65 108.30 108.65 111.45 108.0014988.92 116.10 51.30 7 108.35 ICICIPRUDENTIALNV20ETF 116.56 116.48 15.94 119.20 90.70 ­
PratapSnack [5] 815.60 978.70 835.00 978.70 835.00 1609.22 1010.00 662.00 41 975.75 SIL Inv 381.10 382.00 370.00 406.60 370.00 31.64 414.95 244.55 17 380.50 UnipartsInd 551.45 548.80 556.80 556.80 547.05 70.61 722.65 501.15 ­ ­ ICICIPRUDNIFTY100ETF 217.21 216.32 4.33 225.40 181.90 ­
PrecisionCam 239.25 241.40 241.35 247.00 234.05 180.16 319.00 88.41 30 241.75 SilgoRetail 25.70 24.90 25.95 25.95 24.75 88.77 27.40 21.10 ­ ­ Uniph.Ent [2] 150.05 149.60 150.55 150.95 148.30 7.49 184.00 113.00 27 149.95 ICICIPRUDNIFTYETF 216.77 216.50 191.29 228.10 172.70 ­
Precsn.Pipe 245.65 239.95 251.00 266.00 235.60 66.24 294.70 147.85 133 240.35 United Spr [2] 1056.45 1060.00 1060.05 1065.30 1056.10 481.39 1123.95 730.90 77 1059.65 ICICIPRUDSENSEXETF 734.25 732.80 2.83 755.25 626.07 ­
SilvrTuchTec 650.10 657.10 650.00 667.25 637.15 12.23 710.90 310.50 ­ ­
Precsn.Wre [1] 114.90 112.85 115.80 116.35 112.50 231.60 141.00 57.30 33 112.65 UnitedDrilng 244.40 236.10 247.75 247.75 234.00 23.46 298.80 168.35 ­ ­ IDFCAMC­IDFNIFTYET 212.33 211.74 0.16 245.00 176.00 ­
SimbholiSug 30.15 29.85 30.35 30.95 29.75 96.76 36.60 18.10 ­ 29.96
PremierExplo 1411.40 1440.10 1442.00 1470.60 1418.00 50.90 1432.90 352.50 68 1438.30 UnitedPolyfb 95.55 96.40 100.00 100.00 96.25 6.28 118.00 85.10 ­ ­ Infra BeEs 668.64 665.93 4.73 2548.00 1781.10 2106.00
SINDHU TRAD 26.10 27.40 26.90 27.40 25.50 536.98 31.50 21.65 ­ ­
Prestige Est 878.05 892.05 880.60 908.60 872.10 1189.37 925.00 391.30 102 892.15 Univ.Cab 510.05 505.40 509.65 518.25 501.70 29.19 555.00 233.40 39 503.80 InvesIndGold [100] 5417.90 5411.00 0.08 5591.00 4490.00 5425.00
SircPaintInd 380.80 374.00 385.95 387.15 372.00 113.73 800.90 297.00 ­ ­
Pricol [1] 337.05 337.30 338.90 343.50 336.00 212.49 385.00 170.70 37 337.25 UnoMinda 642.45 643.25 644.00 653.00 637.00 429.04 660.90 435.00 ­ ­ InvesInNifty 2205.14 2187.87 0.02 2278.00 1860.95 ­
Siyaram [2] 539.90 551.70 542.60 555.00 529.25 178.09 633.80 400.00 12 550.85
Prime Foc [1] 107.35 108.20 108.20 112.40 107.00 551.97 130.95 64.75 ­ 108.06 UPDATER SERV 282.15 277.35 284.80 284.80 273.00 274.50 301.75 235.30 ­ ­ Kotak Nifty [5] 212.22 212.15 13.71 2063.00 1644.20 1770.65
SJSEnterpris 620.00 624.55 622.00 628.00 610.70 138.50 745.00 377.65 ­ ­
Prime.Sec [5] 163.00 162.45 163.90 163.90 159.10 52.88 180.00 92.00 61 162.05 UPL [2] 561.75 556.70 561.75 563.95 554.80 1079.42 807.00 528.35 31 556.40 Kotak PSU Bk 504.09 504.01 8.58 539.03 336.61 504.04
SJVN 76.20 75.95 76.50 77.30 75.7512962.64 83.69 30.39 29 76.00
PrincPipeFit 694.80 691.90 699.00 709.00 688.40 154.71 760.00 533.05 ­ ­ UrjaGlobal [1] 12.80 12.40 13.05 13.25 11.9549119.76 12.92 6.00 ­ 12.38 KOTAKMAMC ­ KOTAKIT 33.75 33.94 83.76 34.94 27.00 ­
SKF India 4659.60 4655.75 4725.00 4753.60 4637.80 14.16 5528.90 3961.00 48 4655.45
PrismJohnson 165.35 164.80 167.05 168.50 162.90 899.46 168.45 98.05 ­ 165.00 Usha Mar [1] 315.50 316.45 319.00 322.35 315.00 467.83 373.60 125.25 34 315.95 KOTAKMAMC ­ KOTAKLIQ 1000.00 1000.00 0.49 1004.00 999.00 ­
Skipper [1] 238.75 262.65 245.00 267.00 242.40 2498.68 254.90 66.30 44 262.25
Prit.Nandi 47.05 48.45 47.25 49.80 45.10 488.43 51.79 29.19 ­ 48.21 UTIAMC 786.80 788.25 795.00 796.75 785.00 107.51 908.00 608.00 ­ ­ KOTAKMAMC KOTAKMID50 120.44 120.66 10.60 130.00 82.70 ­
SKM Egg 378.60 365.95 379.00 379.00 363.55 172.17 559.40 102.45 8 366.35
PritiIntnatl 196.65 216.30 201.50 216.30 201.50 107.71 234.90 127.05 ­ ­ UtkarshSFB 51.70 50.85 51.70 51.95 50.65 2709.35 61.60 37.20 ­ ­ KOTAKMAMC KOTAKSILVE 72.91 72.21 21.29 81.00 58.00 ­
SKY GOLD 881.05 892.20 915.00 915.00 871.00 61.45 931.45 206.40 ­ ­
PritikAutoIn 22.95 27.45 24.75 27.50 24.35 4106.25 27.50 18.10 ­ ­ Utm.Sug 454.55 463.70 458.90 468.70 454.65 211.27 481.95 216.00 12 463.15 KOTAKMAMC­KOTAKALP 37.19 37.35 191.82 37.49 24.19 ­
Smartlink [2] 171.55 169.25 172.00 173.70 168.55 12.17 195.00 125.05 73 168.90
PriviSpecial 1290.45 1284.10 1298.40 1306.95 1244.90 36.58 1365.50 871.05 ­ ­ SMCGloblSecu 104.25 103.75 104.95 108.35 103.05 521.24 111.00 68.60 ­ ­ KOTAKMAMC­KOTAKCONS 88.20 86.45 0.78 88.64 69.42 ­
ProzonRealty 34.45 33.30 34.55 34.75 33.10 892.70 41.45 20.70 ­ ­ SML Isuzu 1367.50 1546.65 1378.00 1568.85 1374.05 586.55 1437.35 620.20 28 1545.90 V ............................................... KOTAKMAMC­KOTAKLVOL 15.73 15.91 72.62 17.70 12.55 ­
PrudentCorp 1295.15 1294.15 1303.80 1335.50 1287.60 41.54 1378.15 703.30 ­ ­ SMS Phr [1] 118.20 119.65 118.00 121.90 116.70 106.30 139.75 54.50 29 119.65 V Mart 1695.75 1718.40 1704.25 1732.80 1692.80 24.14 3161.95 1591.00 ­ 1717.25 KOTAKMAMC­KOTAKMNC 22.53 22.64 10.59 24.51 18.72 ­
PSPProjects 778.65 771.95 778.65 785.05 763.10 53.58 846.00 560.20 18 772.85 SnowmanLogi 54.75 54.05 55.35 56.35 53.60 1582.49 57.79 30.25 ­ 54.11 VA T Wab [2] 578.20 580.75 580.45 584.95 571.05 321.17 589.50 262.05 12 581.05 KOTAKMAMC­KOTKBKETF 443.78 445.13 81.51 475.98 392.32 ­
PTC 160.60 159.70 161.85 166.40 159.00 4021.73 165.45 70.00 11 159.55 Sobha 875.15 875.70 875.00 887.75 868.30 355.18 902.60 412.40 80 875.40 Vadilal 2431.85 2414.25 2435.00 2457.25 2410.00 2.58 3298.00 1800.00 19 2415.70 Kotal Gold [1] 52.03 52.00 635.88 52.99 42.62 51.97
PTC Ind Fin 35.85 34.55 36.10 36.40 34.40 7290.22 37.50 12.15 13 34.49 Solar Ind [2] 7390.50 6956.50 7500.00 7832.90 6826.60 546.44 7490.00 3456.95 114 6963.70 VadivrSpeChe 280.20 275.15 281.00 287.55 271.25 19.79 309.00 151.35 ­ ­ KOTKMAMCKTNV20ETF 118.75 119.06 9.29 119.50 97.80 ­
PTCInd 5709.35 5698.00 5920.00 5920.00 5440.25 20.29 6342.35 2950.00 ­ ­ SolarActPhSc 342.95 335.85 343.80 346.20 333.10 59.86 495.00 286.00 ­ ­ Vaibhav [2] 419.45 418.30 420.00 426.45 416.00 137.75 469.00 268.60 82 417.55 LIC MF ­C GOLD ETF 5570.20 5581.65 0.26 5799.90 4755.05 ­
PTL Ent [1] 43.45 43.10 43.85 44.35 42.60 166.57 47.90 29.15 27 43.01 Som Dist [5] 301.90 294.95 304.80 305.00 293.50 319.18 389.80 104.75 67 294.75 VaishaliPhar 135.35 134.05 135.50 137.85 133.95 32.26 193.75 111.30 ­ ­ LICNAMC­LICNFENGP 214.09 214.47 0.15 221.00 176.85 214.55
PudumjePap [1] 48.65 48.55 49.80 49.80 48.20 151.74 56.26 34.00 9 48.51 Somany [2] 674.70 666.60 675.95 678.10 663.00 52.35 818.00 445.40 28 667.40 Vakrang [1] 19.35 19.15 19.50 19.70 19.00 9705.36 34.70 14.61 ­ 19.17 LICNAMC­LICNFESGP 719.92 720.00 0.45 800.00 620.93 ­
Pun.Natl.Bk [2] 77.90 78.40 78.20 79.50 77.8029074.57 83.45 38.95 18 78.43 SonaBLWPrecn 585.80 579.25 586.40 592.00 575.60 487.72 625.95 398.05 ­ ­ ValiantLabs 188.40 184.45 188.50 190.90 184.00 287.89 206.10 162.10 ­ ­ LICNAMC­LICNFNHGP 212.57 211.08 0.13 218.40 178.01 ­
Punj.Chem 1104.60 1125.50 1104.60 1134.00 1089.00 10.56 1310.95 722.10 23 1130.15 Sonata [1] 1362.65 1384.05 1362.65 1399.00 1362.25 209.73 1392.30 510.00 71 1380.75 ValiantOrgan 429.45 425.35 429.05 433.65 424.00 44.88 694.00 355.00 ­ ­ LICNAMC­LICNMFET 24.07 24.18 36.04 27.11 21.91 ­
Puravankra [5] 163.90 161.75 163.95 165.85 160.20 635.96 164.85 59.35 102 161.65 South In Bk [1] 24.95 24.90 24.90 25.10 24.8014016.62 27.59 12.91 6 24.89 Vard Text [2] 379.45 385.60 385.00 390.70 381.05 414.75 417.60 270.00 22 385.35 Liquid BeEs [1000] 999.99 1000.00 2340.16 1004.70 993.40 1000.00
PVRInox 1655.10 1669.75 1655.00 1679.00 1651.00 161.81 1925.45 1336.40 ­ ­ SpacenetEnt 24.65 24.45 25.00 25.15 24.20 1988.46 29.55 15.45 ­ ­ Vard.Acry 54.10 53.60 54.20 54.85 53.30 75.55 359.40 184.40 ­ 214.25 MIRAEAMC ­ ALPHAETF 18.58 18.47 31.47 19.49 16.56 ­
PYRAMID TECHN 205.75 202.00 206.70 209.80 201.00 159.44 239.35 162.50 ­ ­ SpandnaSphor 1050.55 973.70 1051.90 1053.00 963.60 304.85 1063.30 470.00 ­ ­ Vard.Hld 2976.10 3057.70 3011.80 3085.00 2961.00 3.08 5317.90 2411.00 36 3050.50 MIRAEAMC ­ BANKETF 436.32 436.68 0.88 553.25 421.00 ­
SPApparels 593.90 588.45 594.00 601.45 581.00 26.27 671.40 273.00 16 585.65 Vard.SPC 214.05 210.85 215.70 215.80 209.45 80.54 233.85 124.50 22 211.25 MIRAEAMC ­ ITETF 32.42 32.66 18.50 36.70 30.40 ­
Q ............................................... Spec.Rest 184.40 183.55 187.30 187.30 181.00 35.68 282.60 168.00 12 182.90 VarrocEngg
VarunBevera [5]
554.75
1043.45
538.45
1047.35
559.60
1042.00
566.60
1060.35
531.95 2214.69
1028.00 1052.36
566.60
1050.65
239.45 ­
516.35 79 1046.40
­ MIRAEAMC ­QUID
MIRAEAMC ­ MAESGETF
999.99
32.52
999.99
32.45
30.22
1015.59
1000.84
35.00
999.00
27.46
­
­
Quess Corp 488.65 490.20 488.65 505.25 486.60 683.82 613.10 337.45 48 489.65 SpencersRetl 67.00 66.05 67.00 67.75 65.40 109.05 77.60 51.45 ­ ­
QuickHealTec 371.35 366.70 372.00 374.80 355.00 349.72 385.10 127.35 ­ 366.45 SPIC 68.35 67.55 68.70 68.90 67.45 506.97 91.90 51.45 7 67.61 Vascon 75.25 74.70 75.35 76.30 74.25 1181.22 84.50 23.83 19 74.64 MIRAEAMC ­ MAFANG 67.19 67.42 419.10 69.20 35.20 ­
SportkingInd 761.10 751.45 772.00 772.00 750.55 10.17 948.15 638.00 ­ ­ VaxtexCotfab 1.70 1.65 1.70 1.70 1.65 670.01 11.35 1.60 ­ ­ MIRAEAMC ­ MAFSETF 19.87 19.84 85.15 21.30 17.35 ­
Vedanta [1] 239.50 239.55 239.20 241.35 238.05 4219.36 340.75 207.85 4 239.50 MIRAEAMC ­ MAGOLDETF 61.30 61.08 60.75 69.80 47.60 ­
R ............................................... Sr.Leathrs
Sr.Ray.HHP
305.80
552.30
301.95
552.95
305.80
552.30
311.20
556.60
299.20
552.10
28.75
9.92
320.30
815.00
159.10 25 300.45
375.00 7 553.25 VedantFashn 1304.80 1289.20 1302.65 1311.70 1272.00 142.55 1447.60 1058.05 ­ ­ MIRAEAMC ­ MAGS813ETF 24.30 24.31 0.49 29.00 19.33 ­
R R KABEL 1633.15 1659.15 1640.00 1670.00 1621.20 351.29 1714.40 1136.80 ­ ­ Venky's 2010.05 1992.10 2030.00 2030.00 1988.00 16.70 2312.95 1420.10 30 1992.45 MIRAEAMC ­ MAM150ETF 15.73 15.68 855.57 16.20 10.75 ­
R Sys Intl [1] 484.75 487.10 485.40 494.00 480.10 40.29 544.00 226.05 34 485.60 SRF 2361.35 2329.25 2361.35 2362.00 2324.05 119.75 2639.80 2050.00 40 2328.80
Star Pap 214.85 216.20 214.00 217.35 214.00 36.74 244.95 143.30 5 216.20 VensPipe&Tub 1411.40 1406.35 1420.90 1430.05 1400.00 48.97 1578.90 644.55 ­ ­ MIRAEAMC ­ MAMFGETF 101.20 100.92 9.13 105.05 67.32 ­
RaceEcoChain 307.75 313.75 312.35 323.70 311.05 67.84 323.70 226.10 ­ ­ VenusRem 345.40 332.60 346.95 351.05 329.80 56.15 367.60 145.00 20 333.55 MIRAEAMC ­ MAN50ETF 208.39 207.84 17.11 218.90 176.06 ­
Radiant Cash 90.80 90.85 91.70 91.80 90.45 296.42 116.80 87.25 ­ ­ StarCement [1] 164.90 167.70 166.75 172.90 166.70 805.74 182.35 100.20 36 167.65
StarHealth 544.65 550.05 545.80 551.90 544.10 135.63 675.00 481.55 ­ ­ VerandaLearn 262.85 266.35 265.70 275.40 265.00 357.17 297.95 159.70 ­ ­ MIRAEAMC ­ MANV30F 156.85 156.77 0.16 170.00 120.00 ­
Radico [2] 1440.30 1431.65 1445.05 1455.00 1417.00 155.95 1478.45 910.00 87 1433.40 VertozAdvtsg 343.60 370.00 343.60 377.85 343.60 606.04 377.85 158.60 ­ ­ MIRAEAMC ­ MANXT50 473.71 473.63 1.09 475.39 372.00 ­
RadikaJwlTec 44.60 47.40 43.95 48.25 43.20 1186.56 290.45 31.00 ­ ­ StartechFin 256.35 230.75 253.45 253.45 230.75 36.54 262.75 147.30 ­ ­
STC India 113.95 112.95 114.90 114.90 112.15 44.72 177.65 62.05 19 113.20 Vesuvius 3705.90 3751.30 3720.00 3857.55 3687.55 23.00 3855.00 1456.75 42 3750.05 MIRAEAMC ­ MASILVER 72.92 73.31 35.60 77.83 67.01 ­
RagegainTrvl 721.15 715.90 722.00 727.75 711.30 196.19 733.00 262.95 ­ ­ Veto Switch 115.85 115.10 117.75 117.75 114.05 64.57 146.90 71.40 9 115.25 MIRAEAMC ­ SENSEXETF 66.19 66.30 6.75 78.50 62.27 ­
RailTelCorp 271.15 263.10 271.90 273.80 260.55 6760.41 274.00 96.25 ­ ­ Steel Strp [1] 277.35 284.95 279.00 288.55 278.10 224.09 298.90 126.20 23 285.05
Steelcast 622.85 623.00 639.45 639.45 608.05 41.41 747.00 429.00 ­ ­ V­Guard [1] 291.70 291.15 291.70 292.80 288.40 72.70 335.35 230.25 67 290.50 MIRAEAMC­MAHKTECH 14.02 14.36 1322.19 16.96 11.55 ­
RailVikasNgm 166.85 164.70 167.65 169.60 164.0515508.87 199.25 56.05 ­ ­ VidhiSpclIng [1] 429.30 429.55 427.10 432.90 427.10 13.00 465.00 317.15 63 428.00 MIRAEAMC­MASPTOP50 33.67 33.70 382.30 34.00 25.07 ­
Rain Ind [2] 143.80 142.20 144.50 144.55 141.95 983.29 5330.00 142.30 83 142.25 SteelCitySec 64.80 64.85 65.70 66.20 64.30 35.43 75.00 55.50 ­ ­
SteelExIndia 9.30 9.95 10.30 10.30 9.70 9238.36 17.25 7.80 ­ ­ VijayaDianos 597.25 612.55 598.20 624.40 594.15 186.96 653.90 349.25 ­ ­ MOTIAMC­MOHEALTH 29.13 29.90 33.66 30.99 21.11 ­
RainbowChild 1084.50 1113.40 1085.00 1178.00 1074.00 564.21 1184.60 688.90 ­ ­ VikasLifecre 5.05 5.50 5.45 5.55 5.2576188.28 7.05 2.70 ­ ­ MOTIAMC­MOLOWVOL 29.67 29.67 2.07 32.84 21.21 ­
Raj TV [5] 53.00 52.10 53.50 54.00 51.65 7.77 63.65 37.40 ­ 52.01 Stel Hld [1] 268.50 271.60 269.80 277.45 269.05 22.64 0.24 0.20 ­ ­
Ster.Tool [2] 338.35 344.45 338.95 346.45 335.85 34.15 456.75 221.50 35 344.85 Vimta Lab [2] 413.00 420.35 415.00 433.70 415.00 100.01 621.40 288.90 23 419.50 MOTIAMC­MOMOMEN 48.87 49.04 13.16 49.50 35.53 ­
Raj.Exp [1] 377.90 351.95 370.50 374.00 334.05 9348.92 1028.40 362.25 342 352.80 Vinati Org [1] 1730.00 1731.50 1741.20 1741.25 1728.10 13.39 2193.50 1693.05 44 1730.10 MOTIAMC­MONQ50 54.11 54.03 30.47 57.60 45.00 ­
RajratanGlbl 748.95 741.40 748.95 752.45 736.10 23.25 968.85 697.00 ­ ­ Sterlg&Wilsn 301.65 303.05 305.00 312.05 298.40 629.84 401.00 253.00 ­ ­
SterliteTech 157.55 152.60 158.05 158.45 151.95 1554.86 193.00 128.55 ­ ­ Vindh.Tel 2342.50 2382.80 2361.20 2395.00 2343.00 26.58 2720.00 1305.00 16 2377.00 MOTILALAMC ­ G5 53.35 53.26 30.15 54.97 48.85 ­
RajsrePolypk 204.00 205.00 205.35 210.95 204.00 22.19 252.65 139.00 ­ ­ VineetLabs 69.15 68.65 70.70 71.00 67.50 86.45 77.00 38.35 ­ ­ MOTILALAMC MONIFTY500 17.60 17.63 61.81 20.78 16.30 ­
Rallis [1] 215.50 215.95 216.55 224.80 214.05 2168.93 270.50 186.50 43 215.85 StoveKraft 518.45 519.50 523.00 524.95 512.55 65.95 628.65 353.10 ­ ­
Str.Arcolab 485.05 490.55 485.00 497.80 482.90 364.80 549.00 268.40 48 490.35 Vinyl Chm [1] 425.35 421.80 423.05 429.80 418.55 15.26 690.20 314.65 35 420.50 MOTILALAMC­MOQUALITY 137.36 139.98 0.23 142.08 101.02 ­
Rama News 15.50 16.95 15.35 17.80 15.35 2020.88 18.50 10.30 ­ 16.95 VIP Ind [2] 619.45 610.20 621.00 624.85 607.75 288.33 764.35 548.85 124 609.70
StylamIndust 1755.65 1806.35 1761.80 1818.95 1732.00 54.68 1970.70 945.00 ­ ­ MOTILALAMC­MOVALUE 68.49 67.84 18.83 74.00 45.50 ­
Rama Steel [1] 36.40 38.00 36.95 38.65 36.30 3568.11 46.10 26.10 ­ 38.03 VIPClothing [2] 46.80 48.00 47.45 48.20 46.75 431.82 59.76 34.85 ­ 47.93
StyrenPerfor 1350.90 1356.35 1364.10 1379.00 1352.00 11.68 1468.30 696.10 ­ ­ MOTIOSMIDCAP100ETF 44.55 44.56 135.77 44.95 30.89 ­
RamaPhosphat 208.95 211.35 210.35 214.00 209.05 9.34 312.00 169.80 ­ ­ Vipul Ltd [1] 19.25 19.55 20.00 20.20 19.20 360.35 19.56 10.11 ­ 19.57
Subex 32.75 32.00 32.90 33.05 31.80 2987.66 39.20 25.00 ­ ­ MOTIOSNASDAQ100ETF 128.05 128.29 631.39 129.90 87.43 ­
Ramco Cem [1] 1006.55 984.50 1009.95 1010.50 982.00 316.86 1040.30 634.65 58 984.40 Visagar [1] 0.85 0.85 0.90 0.90 0.85 644.29 1.47 0.68 ­ 0.88
Subros [2] 412.75 408.60 417.00 418.80 406.05 55.92 521.40 272.00 40 408.85 MOTIOSWALM50ETF 200.16 198.88 0.77 224.99 169.14 ­
Ramco Ind [1] 198.20 205.20 198.35 207.75 197.10 369.44 231.90 117.50 23 205.45 Visak.Ind [2] 82.65 82.20 83.05 83.35 81.65 177.30 109.15 64.88 39 82.34
Sud.Chem [2] 463.50 458.90 467.25 468.55 457.00 69.91 565.90 345.00 54 457.80 NAVIAMC ­ NAVINIFTY 198.00 197.00 0.05 230.00 189.00 ­
Ramco Sys 276.95 277.15 277.10 284.00 276.00 91.59 336.55 188.50 ­ 277.00 VishalFabric 24.10 23.45 24.60 24.60 23.30 1297.02 24.70 14.20 ­ ­
SukjiStr&Che 414.35 419.50 418.80 425.00 414.05 6.16 483.95 360.30 ­ ­ NiftyBeEs [1] 218.02 217.35 1971.54 256.30 184.55 217.30
Ramk.Forg [2] 724.50 771.80 724.85 777.70 724.85 1275.55 752.80 216.30 44 772.40 VishnChemi [2] 314.95 318.80 316.80 321.55 313.05 119.61 385.30 245.05 18 319.05
Ramky Inf 732.55 740.75 735.50 772.00 732.25 267.36 744.00 236.45 15 741.05 SulaVineyard 484.60 484.55 486.95 492.00 482.30 263.27 535.00 305.35 ­ ­ NiftyJrBeEs [1] 498.20 496.95 100.94 498.45 390.90 496.62
Sumit.Sec 1154.45 1284.60 1219.00 1350.00 1199.90 170.95 1210.00 517.90 55 1290.25 VishnuPrakas 216.65 212.90 217.50 221.35 211.15 1845.47 228.80 144.00 ­ ­ NIPINDETFCONSUMP 96.06 95.96 38.30 98.20 76.53 ­
RamRatnaWire 271.80 266.70 272.90 272.90 265.75 20.89 345.45 148.05 ­ ­ VishwarajSug 17.40 17.35 17.45 17.90 17.30 896.16 22.30 13.10 ­ ­
Rana Sug 24.40 24.35 24.40 24.70 24.15 1280.28 32.00 19.40 8 24.34 SumitomoChem 389.20 385.40 389.25 390.75 384.00 110.44 499.00 371.00 ­ ­ NIPINDETFDIVOPP 60.68 60.51 43.75 61.70 46.26 ­
SumitWoods 35.15 36.40 36.90 36.90 33.75 330.66 42.85 23.60 ­ ­ VLEGov&ITSol 31.20 31.15 31.50 31.70 31.00 111.35 43.40 28.75 ­ ­ NIPINDETFETFNV20 119.34 119.66 18.84 125.00 99.35 ­
Rane (M) 802.95 814.85 808.00 823.05 802.50 13.80 989.95 340.10 6 811.40 VLS Fin 187.95 189.75 185.05 191.00 185.05 43.67 232.95 120.50 4 189.65
Rane Brk 813.80 861.50 818.10 868.75 818.05 147.17 915.90 585.00 18 860.20 Sun Pharma [1] 1194.60 1188.00 1196.00 1198.25 1185.25 1054.81 1198.90 922.55 75 1187.70 NIPINDETFIT 33.97 34.18 4040.87 35.34 27.56 ­
Sun Phr Adv [1] 248.45 246.55 248.45 250.60 244.40 408.96 267.00 160.50 ­ 246.15 Voltamp 5164.00 5241.90 5164.00 5399.00 5164.00 52.78 5964.20 2352.00 22 5234.85 NIPINDETFLONGTEGILT 24.60 24.56 2166.86 25.20 22.40 ­
Rane Eng 309.00 324.45 309.00 324.45 301.20 16.71 346.50 196.00 21 323.65 Voltas [1] 824.95 828.35 826.90 832.70 815.30 1464.74 933.50 737.60 56 828.65
Rane Hld 1257.30 1276.25 1265.00 1302.00 1259.00 20.09 1315.95 792.00 26 1271.35 Sun TV [5] 674.45 680.15 675.95 683.00 673.35 574.69 688.00 394.00 15 680.00 NIPINDETFMIDCAP150 159.53 159.73 438.79 163.70 112.00 ­
Sund.Fast [1] 1242.85 1230.25 1242.85 1254.85 1221.00 63.30 1334.15 871.00 57 1228.50 VRL Logistic 705.85 691.60 700.25 705.00 684.00 68.58 772.85 483.00 40 693.00 NIPINDETFNIFTY100 206.72 206.01 7.56 241.65 171.00 ­
RatanindiaEn 62.35 64.90 62.70 66.90 62.6012773.50 68.70 32.15 ­ ­ VST Ind 3193.00 3198.95 3198.00 3209.00 3190.00 2.62 3865.40 2912.55 16 3200.55
Ratnamani [2] 3478.40 3488.90 3478.40 3524.05 3460.10 133.60 3565.00 1867.35 38 3483.95 Sund.Fin 3282.35 3178.65 3290.25 3298.80 3163.25 20.06 3449.95 2173.05 29 3181.40 NIPPONAMC­NETFAUTO 171.43 170.58 79.67 173.50 116.30 ­
SundarFinHol 163.75 164.15 164.90 167.20 163.25 162.26 174.40 74.00 ­ ­ VST Til 4002.60 4020.30 4046.65 4127.45 3981.00 15.27 4184.25 2097.15 27 4025.05 NIPPONAMC­NETFPHA 16.06 16.04 2391.81 16.40 11.56 ­
RatnaverPrec 118.30 116.95 118.00 118.90 116.65 275.91 138.00 109.80 ­ ­
RattanIndPow 10.65 10.15 10.75 11.10 10.15 224512.71 10.64 2.82 ­ 10.11 Sunflag 194.40 187.75 195.30 195.45 187.05 244.44 248.95 81.40 21 187.95 NIPPONAMC­NETFSIL 72.27 71.58 1739.74 76.27 59.85 ­
Raymond 1782.45 1761.85 1799.95 1808.10 1757.00 144.97 2240.00 1092.60 23 1764.00 Sunteck [1] 454.05 453.80 454.05 456.00 445.40 290.05 485.95 271.25 ­ 453.70 W............................................... NIPPONIND­NIMFXX 117.21 117.24 1.07 120.75 109.30 ­
RBL Bank 234.80 229.10 235.85 237.75 226.7513146.56 257.75 131.60 13 229.10 Superhouse 227.50 226.50 228.00 234.00 224.20 10.28 286.05 184.70 17 225.80 Webel SL 191.60 186.10 192.90 193.30 184.60 273.58 227.50 62.30 ­ 186.15 PSU Bk BeEs [1] 56.30 56.23 1539.44 62.90 37.46 56.27
RCF 124.95 123.85 125.10 125.90 123.50 1353.62 145.70 89.50 16 123.85 Supr.Ind [2] 4187.70 4196.60 4201.00 4244.75 4133.20 104.13 4883.75 1949.45 56 4195.60 Wels.Corp [5] 546.55 535.25 548.80 551.50 532.75 1190.12 557.25 177.85 25 534.90 Qgold [2] 51.56 51.43 23.88 53.30 41.10 51.44
RECL 339.80 346.75 340.45 348.00 339.0510306.59 345.05 96.75 7 346.80 Suprajit [1] 374.15 374.00 375.00 375.80 372.00 89.60 446.75 315.25 26 374.55 Wels.India [1] 163.35 162.05 164.35 164.65 160.10 3354.17 170.25 62.20 35 162.15 Qnifty 2109.01 2106.00 0.18 2548.00 1781.10 2106.00
Redington [2] 158.50 160.30 159.25 161.25 158.60 1338.02 202.20 135.10 12 160.20 SupremeEngg 0.80 0.85 0.85 0.85 0.85 856.23 1.05 0.50 ­ ­ Welspun Ent. 320.60 332.65 320.00 334.30 320.00 630.58 330.00 117.35 16 332.50 RELCAPAMC­NETFGILT5Y 53.62 53.61 532.14 57.99 49.15 ­
Redtape 475.40 483.80 475.00 490.00 470.40 207.32 575.00 411.05 ­ ­ SupremePetro 562.40 560.30 564.50 569.10 551.45 152.82 800.00 345.30 ­ ­ West C Pap [2] 698.65 701.60 703.80 710.00 690.60 92.07 778.00 461.65 7 700.15 RELCAPAMC­NETFSDL26 116.44 116.35 0.09 119.40 107.20 ­
Refex Ref 561.85 551.60 561.85 566.50 550.00 59.75 923.95 141.65 10 553.45 SupryaLifeSc 247.20 244.15 248.45 249.00 242.65 154.08 310.60 170.15 ­ ­ WestlifeDevp 872.10 879.25 872.10 882.50 859.75 310.64 1024.95 639.30 ­ ­ SBIAMC ­QUIDSBI 1000.00 999.99 0.90 1000.01 995.00 ­
Rel.Ind.Inf 1115.30 1117.35 1109.00 1158.00 1109.00 918.45 1207.00 723.00 170 1117.70 Surana Solar [5] 28.95 29.00 29.90 31.65 28.35 1574.08 31.34 14.74 ­ 29.02 Wheels Ind 662.15 672.55 664.90 675.00 660.00 9.32 853.95 434.00 28 672.25 SBIAMC ­ SBIETFQLTY 178.38 179.07 3.03 182.15 142.85 ­
Rel.Infra 186.00 182.75 187.40 187.40 182.10 846.97 215.50 114.60 ­ 182.85 Surana Tel [1] 11.50 11.90 11.50 12.00 11.50 298.15 13.40 7.65 ­ 11.83 Whirlpool 1588.95 1585.40 1590.65 1596.85 1573.40 24.34 1733.00 1218.20 130 1581.90 SBIAMC ­ SETF10GILT 220.19 220.05 14.03 227.89 204.00 ­
Relaxo [1] 901.20 901.35 901.20 905.75 899.65 42.69 981.15 748.50 116 901.10 SuratwalaBus 472.40 470.45 484.95 485.00 455.95 110.57 485.00 164.90 ­ ­ Wil.Magor 32.45 34.20 32.20 35.15 30.50 427.42 33.28 17.50 6 34.21 SBIAMC­SBIETFCON 88.82 88.71 1.82 100.00 70.45 ­
RelChemoInd 269.35 278.30 272.20 279.05 268.80 107.99 289.00 129.00 ­ ­ Surya Rosh [5] 502.75 503.55 506.90 514.35 499.15 195.28 600.00 200.43 14 504.15 Win.Diamond[2] 90.70 88.45 90.95 92.00 87.40 82.50 98.00 34.65 37 88.63 SBIAMC­SBIETFIT 339.40 341.08 10.42 353.00 276.25 ­
Reliance 2355.55 2349.35 2348.55 2358.40 2336.40 2245.09 2632.00 1979.13 37 2349.30 Suryalaxmi 61.90 63.95 62.40 65.30 61.05 52.23 73.00 44.15 15 63.86 WindlsBiotec 420.50 437.60 424.50 466.60 423.55 659.05 466.60 220.55 ­ ­ SBIAMC­SBIETFPB 229.20 229.10 1.23 242.54 197.00 ­
Religare 217.40 230.15 219.70 231.30 218.55 6407.42 280.30 130.00 ­ 229.50 SuryodaySFB 164.80 163.15 165.60 166.00 162.70 231.76 194.55 90.50 ­ ­ Wipro [2] 395.40 400.20 393.20 401.10 393.20 4305.25 443.60 351.85 24 400.00 SBI­ETF Gold 53.28 53.10 874.28 55.00 45.91 ­
RenaisncGlob 102.20 99.25 102.50 103.35 98.70 263.69 131.90 80.40 ­ ­ Sutlej Te [1] 56.10 54.45 55.90 56.50 53.35 234.27 68.95 38.25 ­ 54.58 Wockhardt [5] 326.45 330.80 325.90 339.40 321.00 4053.67 336.50 145.35 ­ 330.65 SBI­ETF NIFTY 50 206.12 205.49 716.89 216.60 166.60 ­
Repco Home 426.70 419.75 428.70 431.70 415.80 176.86 457.00 168.50 8 420.40 Suven Lif [1] 84.85 81.20 84.85 85.50 81.10 486.17 88.86 45.01 ­ 81.16 WonderlaHoli 941.60 964.35 945.00 975.90 945.00 189.80 958.05 315.50 32 966.25 SBI­ETF NIFTY BANK 440.88 441.34 27.73 471.78 388.50 ­
Repro 769.25 779.60 761.00 785.00 761.00 8.99 890.00 338.00 139 780.35 SuvenPharma 579.90 593.40 580.00 595.00 577.00 393.96 600.00 450.50 ­ ­ WorthPeriprl 108.10 111.20 109.40 113.65 108.75 51.99 125.90 84.20 ­ ­ SBI­ETFNN50 491.50 491.08 19.03 494.00 385.13 ­
Resp.Ind [1] 340.00 340.85 342.65 351.30 340.00 74.22 364.80 101.00 ­ 340.40 SuvidaInfSvc 5.80 6.05 6.00 6.05 5.95 556.33 6.05 4.20 ­ ­ Sharia BeEs 447.88 446.08 1.69 488.89 360.01 446.30
RestBrndAsia 115.10 114.05 115.20 116.15 113.20 912.38 137.70 84.50 ­ ­ Swan Ener [1]
Swaraj Eng
429.35
2135.15
429.60
2161.45
429.50
2147.80
435.50
2175.00
423.55 1387.21
2142.00 11.54
463.45
2300.00
193.00 ­ 429.25
1395.65 19 2157.30
X­Z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TATAAML ­ NPBET 232.23 231.56 1.03 248.55 199.54 ­
RHIMagnesInd 685.30 689.50 686.85 695.65 683.10 246.02 892.90 576.00 ­ ­ Xchang 96.70 99.05 98.10 101.40 97.60 604.25 125.60 51.67 72 98.92 TATAAML­NETF 207.94 208.70 1.67 218.00 171.80 ­
Rico Auto [1] 88.35 90.40 89.00 91.70 86.90 1278.99 111.55 55.35 31 90.25 Swle. Ener 587.40 577.15 587.40 591.95 575.00 23.05 687.75 262.90 33 575.60 XelpmocD&T 98.05 94.60 99.55 102.30 93.30 152.41 165.35 73.30 ­ ­ TATAAML­TNIDETF 69.88 70.46 60.53 70.86 50.60 ­
RishabInstru 509.90 516.25 519.00 528.05 514.80 190.09 555.00 432.35 ­ ­ Symphony [2] 871.10 869.10 875.70 875.70 866.00 16.09 1218.95 821.00 38 868.35 Xpro India 898.15 890.45 899.95 902.95 881.15 21.70 1100.00 528.00 52 887.20 UTI Gold [1] 52.05 52.00 77.98 53.22 42.71 52.04
Rites 477.25 469.70 480.00 487.50 467.30 1580.96 583.45 305.75 23 469.15 SyncmForm(I) 9.95 9.85 10.00 10.30 9.80 3720.97 11.60 4.60 ­ ­ YashoIndust 1615.95 1628.50 1619.90 1635.00 1580.00 14.66 1864.80 1566.05 ­ ­ UTIAMC ­ NIFMID150 156.10 155.88 1.02 174.00 141.57 ­
RKECProjects 73.30 71.50 72.50 74.20 70.05 97.00 90.80 41.00 ­ ­ Syngene Int 734.25 726.10 736.00 738.25 721.85 222.51 860.20 545.10 61 725.80 YatharthHosp 388.90 389.25 389.90 391.00 380.45 371.98 426.95 306.10 ­ ­ UTIAMC ­ SILVERETF 73.02 72.53 83.76 89.37 66.60 ­
RolexRings 2289.70 2351.30 2299.00 2390.00 2281.45 22.34 2409.95 1622.65 ­ ­ SyrmaSgsTech 535.60 538.15 547.60 555.00 536.00 1431.54 664.80 248.10 ­ ­ YATRA ONLINE 130.55 128.00 131.25 131.95 127.50 225.57 158.15 124.55 ­ ­ UTIAMC ­ UTIBANKETF 44.17 44.37 1340.62 49.50 39.03 ­
RosariBiotec 726.15 713.25 722.00 725.85 712.05 96.32 903.85 536.35 ­ ­ Yes Bk [2] 20.80 20.15 20.90 21.10 20.00 290789.13 24.75 14.10 ­ 20.14 UTIAMC ­ UTINIFT 212.18 212.16 61.46 2168.80 202.55 ­
Rossell [2] 450.00 444.20 452.65 454.95 441.05 30.34 549.85 222.00 144 441.80 T ............................................... ZAGGLE PREPA UTIAMC ­ UTISENS 709.17 704.53 0.51 811.00 568.90 ­
RotoPumps 426.10 420.85 426.05 437.25 417.50 289.95 817.00 313.40 ­ ­ Tainwala 127.95 131.30 131.70 136.75 126.10 28.17 155.10 85.20 22 131.40 OCEAN SER L 251.75 245.40 251.30 253.45 243.25 628.34 265.00 155.30 ­ ­ UTIAMC ­ UTISXN50 61.97 60.54 1.02 62.99 40.36 ­
RouteMobile 1556.90 1550.00 1552.00 1555.80 1548.35 63.63 1759.90 1136.20 ­ ­ Taj GVK [2] 221.60 222.10 222.55 223.40 220.00 58.64 288.95 169.35 25 222.05 Zee Ent [1] 246.10 243.60 247.35 247.55 243.10 4294.86 290.50 172.25 50 243.35 UTIAMC­UTINEXT50 49.28 49.29 20.61 54.30 38.44 ­
Royal Orchd 287.40 292.70 284.15 299.80 284.15 79.47 384.75 206.35 32 292.70 Take Sol [1] 20.55 20.60 20.75 20.95 20.40 156.61 27.55 12.70 ­ 20.60 Zee Med [1] 15.90 15.60 15.95 16.10 15.3010260.08 17.45 7.63 ­ 15.62
RPG Life [8] 1473.15 1423.30 1475.00 1490.00 1410.00 64.63 1529.95 645.70 30 1422.95 Talbros [2] 234.75 281.70 253.45 281.70 250.00 2795.30 265.45 76.02 32 281.85 Zen Exp 125.40 119.80 125.00 125.40 119.15 3.50 149.30 76.20 25 119.85 *: Closing price is the average of trade price(s) for the last half an hour;52­Week High/Low figures
RPower 22.85 22.10 23.00 23.20 21.80 130712.01 23.74 9.05 ­ 22.12 Tanla Sol [1] 920.55 906.90 924.55 932.00 900.00 506.19 1317.70 506.10 119 907.80 Zen Tech. [1] 722.45 758.55 737.00 758.55 735.00 207.77 912.55 175.50 72 758.75 pertain to BSE.
RPSGVentures 611.70 633.60 615.40 650.00 615.40 362.73 684.70 360.10 ­ ­ Tarmat 82.90 81.35 83.70 83.85 80.85 66.69 100.60 47.15 50 81.31 ZensarTec [2] 522.45 533.95 522.50 550.80 521.00 3179.57 576.60 202.00 26 533.85 Shares of face value other than ₹10 is indicated in brackets immediately following the name of the
RSWM 172.50 171.60 176.75 176.75 168.50 123.19 232.11 144.00 ­ 173.50 TarsonsProd 487.95 482.50 487.05 491.50 479.35 74.76 750.00 444.15 ­ ­ ZFComVeCtrSy 16286.0016521.6016371.7016650.0016105.00 5.9816945.00 8638.55 ­ ­ company.
Ruby Mills [5] 222.45 224.30 222.45 225.50 221.90 8.50 269.55 137.00 22 223.75 TastyBiteEat 16034.95 16198.10 16080.00 16267.45 15601.05 1.62 19867.10 7955.40 91 16204.10 ZimLabs 117.25 118.00 117.55 119.40 117.00 139.84 373.05 68.05 ­ ­ Qty (No of shares traded) is denoted in thousands.
Ruch.Paper 125.65 130.40 125.00 131.65 125.00 169.48 163.55 91.10 6 130.35 Tata Chem 963.40 955.70 963.70 967.90 953.00 390.90 1189.95 877.90 28 955.70 Zod.Clo 133.80 131.00 134.00 135.00 130.20 19.39 150.60 80.00 ­ 131.35
RudrabhshEnt 214.00 220.25 212.25 224.00 212.25 75.18 232.25 130.00 ­ ­ Tata Cof [1] 276.55 276.00 278.35 278.80 275.00 383.32 278.95 199.15 44 275.80 ZOMATO 122.20 118.15 122.85 123.40 117.3552784.48 126.35 44.35 ­ ­ The PE(price­earnings multiple) of each stock is based on the latest declared earnings.
Rupa [1] 266.80 265.10 267.00 270.00 263.95 108.47 323.95 197.00 44 265.50 Tata Com 1705.75 1722.95 1713.65 1728.90 1692.00 900.51 1956.85 1157.10 60 1722.75 ZotaHealthCr 420.90 418.35 422.65 426.65 417.15 32.17 495.00 251.00 ­ ­ The PE computation takes into account the per share earnings of each company for the latest 12
Rush.Decor 349.20 354.05 348.50 366.00 339.30 321.87 429.92 202.47 20 354.55 Tata Elxsi 8306.60 8284.70 8314.85 8399.90 8262.00 98.82 8576.25 5708.10 66 8290.30 Zuari Ag 154.60 153.80 155.00 156.10 152.90 60.74 196.90 116.15 5 153.85 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

360One [1] 545.25 546.05 Barbeque [5] 627.70 624.70 Devyani [1] 185.30 182.55 Gslsu 205.90 222.15 Jswinfra [2] 209.20 206.55 Mercuryev [1] 70.99 74.53 C m V w W G
A.Sarabhai 44.74 46.58 Basant Agro [1] 22.45 22.15 Dharmaj 243.55 237.45 Gtv 342.60 371.50 Jyoti Resins 1641.80 1634.45 Metrobrand [5] 1280.00 1325.50 w V W
Aaatech 74.66 78.77 Bclil [1] 58.50 59.51 Diamines&Chm 456.25 469.25 Guj.Themis. [1] 194.25 181.90 Kalamandir [2] 280.30 292.30 Mishtann [1] 15.89 16.05 w m V W A
Aartipharm [5] 407.50 404.75 Bcpl 105.76 112.68 Dodla 831.55 815.00 H.P.Cotton 132.05 149.05 Kalyankjil 317.35 313.80 Mitsu 184.40 190.30 m w W W G
Aci [2] 530.15 524.90 Bectorfood 1327.45 1288.55 Dpwires 634.15 616.40 Haldyn Glass [1] 133.15 134.15 Kamaholding 2904.35 2888.00 Mkpl [1] 85.55 82.65 m W m
Advait 446.25 443.60 Bestagro 898.05 894.60 Drcsystems [1] 46.26 55.51 Happstmnds [2] 848.00 848.60 Kanpur Plast 117.25 126.95 Modern Dairi 35.72 34.00 m W w
Advikca [1] 2.88 2.88 Bikaji [1] 539.10 547.70 Dreamfolks [2] 561.60 566.30 Hardwyn [1] 40.32 39.50 Kaynes 2490.25 2433.25 Modisonltd [1] 118.08 112.41 m A W K
Aepl [1] 25.58 26.85 Bisil Plast [1] 2.38 2.49 Dynamic 423.30 416.05 Hariompipe 688.80 669.35 Kennametal 2255.00 2222.05 Mol [1] 73.36 72.31 W m
Aeroflex [2] 157.85 156.70 Bls Infote [1] 2.20 2.28 Easemytrip [1] 41.06 39.86 Haz Mul Pro 135.35 134.70 Kenvi [1] 7.93 8.12 Monarch 483.55 485.85
Aether 894.45 882.45 Bluejet [2] 381.40 392.60 Edvenswa 64.90 67.63 Healthy [1] 10.15 10.15 Kfintech 532.35 532.00 Moneyb
Agol [1]
Agstra
10.54
92.69
10.55
89.04
Bmw [1]
Btml
56.59
158.95
54.15
164.35
Eki
Elin [5]
417.00
153.75
413.00
151.65
Hemiprop
Heranba
142.30
353.65
141.05
348.80
Kilburn Engg
Kims
255.10
1869.45
263.45
1935.60
M
M
G
m NSE Trade for Trade
Ajanta Soya [2] 33.99 33.63 Campus [5] 260.40 263.70 Elpro Inter [1] 84.35 83.53 Hfil 20.21 19.97 Kinetic Eng. 133.70 136.45 M m m C m C m P C C C m P C C C m P C C
Alu Fluoride 531.60 573.60 Cams 2832.10 2854.95 Emil 219.50 221.30 High Energy [2] 558.20 555.10 Kirl.Ferrous [5] 499.05 511.70 M Q m
Amiorg 1090.10 1077.50 Cappipes [1] 21.08 21.07 Emslimited 427.50 411.70 Himtek [2] 110.35 105.00 Kirlosar Pn [2] 562.70 578.45 M mm M ON w&
Anandrathi [5] 2173.30 2346.95 Captain Poly [2] 32.90 32.76 Emudhra [5] 465.75 468.50 Hind.Foods [2] 536.65 537.00 Kirloskar El 117.50 121.25 M w m
Andhra Petro 80.73 80.06 Cartrade 821.40 820.70 Equitasbnk 97.30 95.36 Hindwareap [2] 526.65 522.90 Kmc Shil [1] 82.23 81.31 N m m m O N N M
Andrew Yule [2] 32.15 31.73 Ceinsystech 356.00 352.40 Esafsfb 68.86 69.75 Hitech [1] 115.60 115.30 Kpigreen 1132.30 1215.90 N
Angelone 2917.65 2999.45 Cello [5] 785.05 784.95 Ethosltd 2096.90 1994.55 Hleglas [2] 522.80 522.85 Kpittech 1534.85 1622.30 N N M
Anjanifoods [2] 37.60 38.63 Cg­Vak Softw 438.25 419.20 Ett Ltd 18.56 17.64 Hmaagro 680.65 689.85 Kpl 340.70 362.25 N w w O H m
Anmol 58.61 58.14 Chamanl Se [2] 220.25 227.90 Eurekaforbe 527.65 518.00 Homefirst [2] 934.10 941.85 Krypton Ind 29.65 30.26 N M m
Anuh Pharma[5] 159.75 160.25 Chemb Chm [5] 483.90 492.95 Exxaro 127.60 124.00 Honasa 332.10 350.45 Lancer [5] 85.41 85.78 N m
Anup 2695.60 2753.25 Chemcrux 285.80 284.40 Facor Alloys [1] 8.13 8.33 Hpal [2] 97.90 95.80 Landmark [5] 769.45 784.60 N H m
Aptus [2] 295.25 291.30 Chemplasts [5] 436.75 435.05 Familycare 8.33 8.98 Ideaforge 807.70 790.00 Latentview [1] 412.80 450.10 N C m U C m O
Artemismed [1] 165.25 169.40 Choice Int. 440.80 438.50 Faze Three L 460.25 449.60 Iiflsec [2] 116.40 118.60 Leshaind [1] 3.79 3.86 N G m U W
Artson Eng [1] 173.15 207.75 Clean [1] 1364.30 1341.45 Filat Fash [5] 14.47 14.50 Ikio 346.30 353.90 Lici 614.70 611.85 N C m m U m
Ashni [1] 18.30 17.39 Cmsinfo 387.50 391.75 Fivestar [1] 804.30 790.85 Indiamart 2607.05 2627.40 Likhitha [5] 295.10 293.35 N U
Askautoltd [2] 310.00 299.95 Com Fincap [2] 8.76 8.51 Foods & Inns [1] 180.25 172.60 Indigopnts 1538.95 1536.95 Lloyds Met E [1] 568.90 563.75 N m U m M w N w
Asrl 30.54 30.07 Comfort Inte [1] 8.40 8.28 Force Motr 4091.25 4092.40 Indo Amines [5] 113.15 116.45 Lodha 869.60 856.80 N m U M M m
Asso.Alcohol 458.65 447.60 Conart Eng. 60.30 62.82 Fusion 590.80 589.55 Indoboraxc [1] 158.20 162.90 Luharuka [1] 5.99 5.73 N m U H M
Atam 144.50 146.95 Concordbio [1] 1280.45 1233.10 Galactico [1] 4.18 4.38 Indrayani Bi 61.96 63.37 Lxchem [2] 273.80 270.40 N m U D M N w
Atl [2] 52.60 52.76 Craftsman [5] 5194.55 5232.45 Ganesh Benz[1] 149.30 158.50 Inoxgreen 68.91 67.30 Madhavipl [1] 6.18 6.79 O U m MO HO N M m
Avalon [2] 477.00 478.10 Cressanda So[1] 22.99 23.50 Gateway 99.72 107.08 Int.Conveyor [1] 93.15 92.39 Madhus.Ind. [5] 86.00 88.83 O U m M w
Avantel Ltd [2] 342.05 358.15 Cslfinance 393.50 402.60 Gayatri Sugr 22.66 21.53 IonExchange [1] 569.65 592.85 Madrasfert 78.87 77.20 O D C m U M
Avg 281.45 291.00 Cyientdlm 666.70 668.30 Gennex Lab [1] 14.86 15.15 Ipl [1] 282.35 285.10 Mafang [40] 67.19 67.40 U N w N w W M
Avl 3049.70 3176.00 Danlaw Tech. 1321.40 1387.45 Ggl 12.83 13.25 Ircon [2] 167.65 164.60 Mankind [1] 1918.10 2013.20 N V N
Awhcl [5] 486.15 480.95 Datapattns [2] 1826.80 1841.50 Ghcltextil [2] 71.01 69.95 Irctc [2] 707.25 701.20 Manyavar [1] 1308.35 1283.30 V N m
Awl [1] 295.00 309.90 Dcxindia [2] 330.70 321.05 Gland [1] 1627.30 1629.00 Irfc 76.89 76.08 Mapmyindia [2] 2243.90 2227.45 G V & N N
Axita [1] 26.14 26.84 Ddevplastik [1] 205.10 203.90 Gls [2] 626.45 625.55 Irmenergy 447.20 440.55 Maxhealth 607.50 620.95 m m V N N O N O M
Axtel Indus. 708.60 797.15 Ddil [1] 5.94 5.95 Gmrp&Ui [5] 42.45 40.33 Isec [5] 672.90 686.05 Maximus [1] 17.01 17.24 mM m V N O N N m m
Bajaj Steel [5] 1091.25 1055.70 Deccangold [1] 145.00 140.50 Goodyear (I) 1311.25 1305.35 Isgec [1] 850.60 857.00 Mazdock 1969.80 1977.95 A V O
Bajajhcare [5] 396.20 384.95 Deepind [5] 254.65 260.25 Grauer& Weil[1] 122.60 118.75 Jiofin 220.90 215.60 Mcloud 460.50 460.35 V
Balmer La.In 434.60 433.60 Delhivery [1] 399.80 396.20 Greenpanel [1] 328.65 327.85 Jlhl 998.00 1001.25 Medanta [2] 902.35 898.30 m m V
Baluforge 229.85 227.60 Denis Chem 110.80 122.40 GrmOversea [2] 187.95 190.95 Jmdvl 38.11 38.86 Medplus [2] 819.60 836.40 m V m

CM
YK . . . . . . . . ND­NDE