DELHI - FRIDAY - FEBRUARY 23, 2024 ₹10 • Pages 12 • Volume 3 • Number 53

A TOUGH DRIVE. HEALTHY NUMBERS.

Uber CEO Dara Khosrowshahi says With good performance in services
Indian customer is more demanding and manufacturing, flash composite PMI
but less willing to pay p5 rises to 7-month high in February p3
BENGALURU - CHENNAI - COIMBATORE - HUBBALLI - HYDERABAD - KOCHI - KOLKATA - MADURAI - MALAPPURAM - MANGALURU - MUMBAI - NOIDA - THIRUVANANTHAPURAM - TIRUCHIRAPALLI - TIRUPATI - VIJAYAWADA - VISAKHAPATNAM RNI No. Applied

QUICKLY.
AMUL GOLDEN JUBILEE
Prime Minister lauds fast
growth of dairy sector
Ahmedabad: Prime Minister
Narendra Modi, while addressing
the Golden Jubilee celebrations
96eed26b-6814-45ab-804d-2e0baf8d4232
Russia ‘uses up much of its ‘Under protest’, X blocks accounts related
to farmers’ protest on Centre’s orders
₹ balance in Indian banks’
Information Technology) is-
S Ronendra Singh sued the emergency orders at
New Delhi the behest of the Ministry of
Home Affairs. These were in
Microblogging site X (formerly addition to another order of
TRADE PUSH. Most of the estimated $8 billion in vostro accounts has been used to pay Twitter) on Thursday said that February 14. Both the orders,
for imports, and investments in infra projects, equity, government securities the government of India has is- issued on February 14 and 19,
sued executive orders mandat- will remain in effect for the dur-
ism, a number of Russian ing action on specific accounts ation of the protest, the sources
Amiti Sen banks, including Gazprom, and posts. Non-compliance can said, adding that social media
BALANCING ACT
New Delhi Rosbank, Tinkoff Bank, Centro lead to potential penalties, in- companies can restore the ac-
 Russia had been complaining Credit Bank and Credit Bank of cluding significant fines and Elon Musk-owned counts and channels once the
about unused rupee balance
Russia has managed to use up
in accounts
Moscow, opened rupee vostro imprisonment. firm said: “Due to protest is over.

of Gujarat Cooperative Milk
Marketing Federation in
Ahmedabad, said the turnover of
India’s dairy sector had crossed
₹10-lakh crore. “While the
world’s dairy sector is growing at
just 2 per cent, India’s dairy
sector is growing at 6 per cent.”
he said. He also launched five
dairy projects in Gujarat worth
over ₹1,200 crore. p12
SEEKING RBI NOD
Payments banks eyeing
small-value deposits, loans
Mumbai: Payments banks may
approach the RBI to allow them
to take small-value fixed and
recurring deposits, as garnering
low-cost savings bank deposits is
proving an uphill task given the
high interest rates being offered
by commercial banks on term
deposits. These banks are also
likely to make a pitch to allow
them to offer small-ticket loans
to individuals and micro- and
small enterprises, said sources. p4
most of its rupee balance, es-
timated by the industry at over
$8 billion, that had piled up in
special vostro accounts of In-
dian banks on account of pay-
ments made largely for Russian
defence purchases, and the
matter is not a major concern
now, officials have said.
The rupee balance has been
used up by Russia through mul-
tiple avenues including pay-
ments for imports from India,
which increased about 39 per
cent to $4.05 billion in 2023; in-
vestments in infrastructure
projects and in the equity mar-
ket; and purchase of govern-
ment securities, the officials
added.
“Till a few months ago, the
Russians were worried about
the piling rupee balances in
their vostro accounts in India
as they received payments for
defence sales, and some other
items, in Indian currency due
to the West’s economic sanc-
tions. Delhi and the RBI then
worked with Moscow to create
avenues for investments and
increase India’s exports to Rus-
 Delhi and Moscow worked on
ways to increase exports to Russia
 The RBI created space for investments in equity and
government securities
 More projects like Vande Bharat JV being explored
 India may build cargo ships for Russia
sia. That seems to have
worked,” the official told
businessline.
EXPLORING PROJECTS
Since defence purchases from
Russia, which is one of India’s
largest military hardware sup-
pliers, is expected to stay ro-
bust, the government is hope-
ful that future rupee payments
made into the vostro accounts
(including for S-400 missile
systems) will continue to be
used gainfully by Moscow.
“The two countries are ex-
ploring more projects where
Moscow can invest which
could be on the lines of the In-
dia-Russia joint venture Vande
Bharat deal to manufacture and
maintain 120 train-sets for the
Indian Railways. The area of
heavy engineering also holds
scope,” the official said.
The Russian media has also
written about a deal per which
the Goa shipyard will build 24
cargo ships for operation in the
Caspian Sea with the participa-
tion of the Russian Export Cen-
ter by 2027. “Such deals could
ensure continued usage of ru-
pee balances by Russia,” the
source added.
WESTERN SANCTIONS
Western countries imposed
banking and economic sanc-
tions against Russia following
its attack on Ukraine. India and
Russia put in place a rupee pay-
ment system to circumvent the
sanctions. Under the mechan-
accounts with authorised
dealer banks in India such as
UCO, HDFC and ICICI, to en-
able rupee trade between the
nations. “As India’s exports to
Russia were insignificant com-
pared to the imports, the piling
up of rupee balances became a
problem. Russia even con-
sidered suspending some of its
defence sales to India at one
point of time,” the official said.
OIL IMPORTS
India’s imports from Russia in
2023 touched $60.87 billion in-
creasing 79 per cent over the
previous year, creating a trade
deficit of about $56 billion. The
oil imports were valued at $40
billion, but for this payment is
not made in rupees, but various
foreign currencies.
By smart billing for Russian
oil — excluding freight, insur-
ance and other logistics costs
— India is managing to stay
within the West’s price cap of
$60/barrel and avoiding sanc-
tions in the face of rising price
of Russian Urals, an official had
said.
However, the Elon Musk-
owned firm asserted that it
“disagrees” with such actions
and maintains that freedom of
speech should extend to those
posts.
FARMERS’ PROTEST
These are related to specific ac-
counts and posts associated
with the farmers’ ‘Delhi Chalo’
protest. On February 19, the or-
der was issued to block35 Face-
book links and accounts each,
14 Instagram accounts, 42 ‘X’
accounts and 49 links, one Red-
dit account, and one Snapchat
account.
“In compliance with the or-
ders, we will withhold these ac-
counts and posts in India alone;
however, we disagree with
these actions and maintain that
freedom of expression should
extend to these posts,” the
‘Global Government Affairs’
arm of the company said in a
post.
It said, “Consistent with our
position, a writ appeal challen-
ging the Indian government’s
blocking orders remains
legal restrictions,
we are unable to
publish the
executive orders,
but we believe that
making them public
is essential for
transparency...”
pending. We have also provided
the impacted users with notice
of these actions in accordance
with our policies.”
EMERGENCY ORDERS
This is not the first time that
the microblogging site has been
told by the Centre to pull down
posts or take down accounts. In
2021, also, it had asked X to take
down around 1,200 accounts
for alleged ‘Khalistan’ links
during the farmers’ protest.
After the US and China, X’s
largest user-base is in India, of
around three crore.
According to sources, MeitY
(Ministry of Electronics and
96eed26b-6814-45ab-804d-2e0baf8d4232
X made its discomfiture
clear at making public the
blocking orders. “Due to legal
restrictions, we are unable to
publish the executive orders,
but we believe that making
them public is essential for
transparency. This lack of dis-
closure can lead to a lack of ac-
countability and arbitrary de-
cision-making,” the
microblogging site added.
PRESSURE TACTIC
Internet societies and tech ex-
perts said such orders are used
to put pressure on companies.
“The government has been
curating the narrative by using
secrecy built in Rule 16 and
Section 69 in the IT Act for
some time. These orders are
used to pressure companies
that now comply automatic-
ally. This censorship by proxy
framework has been perfected
by MeitY with no transpar-
ency... an unacceptable frame-
work in a democracy like In-
dia,” Mishi Choudhary, a
technology lawyer and civil
rights activist, told businessline.

CM
YK . . . . . . . . ND-NDE
 2 . bl . news
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Ashok Leyland announces
rollout of 3-millionth CV
Chennai: Ashok Leyland has
announced the production
rollout of its three millionth
commercial vehicle at its
Pantnagar manufacturing
facility, Uttarakhand. The
company is the country’s
second-largest medium and
commercial vehicle
manufacturer. OUR BUREAU
Chargeup ties up with
NBFCs for EV loans
Bengaluru: Chargeup, EV
platform providing
Energy-as-a-Service, has
entered into partnerships with
Credit Fair and Ascend Capital,
non-banking financial
corporations (NBFCs).
96eed26b-6814-45ab-804d-2e0baf8d4232
Through these partnerships,
the company aims to facilitate
₹100 crore as quick and
secured loans in FY25. OUR BUREAU
Bajaj Auto enhances
stake in Yulu Bikes
New Delhi: Bajaj Auto on
Thursday said it has invested
an additional ₹45.75 crore in
electric bike-sharing platform
Yulu Bikes. Post the fresh
investment, the company’s
shareholding in Yulu Bikes
stands at 18.8 per cent of
the paid up equity share
capital of the electric
bike-sharing platform, Bajaj
Auto said. PTI
Aditya Birla Group targets ₹10,000 crore
revenue from paint business in 3 years
Suresh P. Iyengar
Panipat
Aditya Birla Group has made its
entry into the paints business
with the launch of three factor-
ies in Tamil Nadu, Haryana and
Punjab, and expects to garner a
revenue of ₹10,000 crore and
turn profitable in three years.
Branded as Birla Opus, Ku-
mar Mangalam Birla-led
Grasim Industries plans to put
up 1,332 million litres per an-
num (mlpa) of capacity, which
will be higher than the current
cumulative capacity of second,
third and fourth players in the
industry.
Grasim Industries has
stared production at three
units at Panipat (Haryana),
Ludhiana (Punjab) and Chey-
yar (Tamil Nadu) with 533
mlpa and expects the remain-
ing capacity to come from
Chamarajanagar (Karnataka),
Mahad (Maharashtra) and
Kharagpur (West Bengal) by
the end of next fiscal. The com-
Vietnam EV firm
VinFast to start
work on TN plant
G Balachandar
Chennai
VinFast, the Vietnam-based
electric vehicle (EV) manufac-
turer, is expected to kickstart
construction work for its
greenfield EV factory at
Thoothukudi in southern
Tamil Nadu. It has proposed to
invest $500 million in the first
phase of the integrated EV fa-
cility, spanning five years from
the commencement date.
The company plans to pro-
duce both electric two-wheel-
ers and electric cars from this
facility, according to sources.
The proposed facility in
Tamil Nadu would have an an-
nual capacity of up to 1.5 lakh
units at full capacity. It will not
only cater to the Indian mar-
ket, but will also serve coun-
tries in South Asia, West Asia
and Africa. The project will cre-
ate job opportunities for 3,000-
3,500 people.
CM
YK
Reliance looking at setting up
ship leasing firm at Gift City
TO SET SAIL. The total investment and expenses will be about ₹22,000 crore
Forum Gandhi
Abhishek Law
New Delhi
Reliance Industries’ (RIL)
arm is all set to establish a
ship leasing entity at IFSC -
Gift City in Gujarat. The total
investment and expenses will
be to the tune of ₹22,033
crore. Reliance International
Leasing IFSC has proposed
to set up the leasing entity in
Gift IFSC.
The setting up of the shop
is subject to the SEZ commit-
tee’s approval.
The proposal made to Gift
SEZ Authority is “for ap-
provals to set up a ship leas-
ing firm to carry on the busi-
ness of Operating Lease of
ships, vessels and voyage
charters,” sources said.
The company has named
three directors including
Hitesh Kumar Sethia, who is
the President and CEO of Jio
Financial Services Ltd; Amit
Mehta, who has been with
RIL for the past 20 years, is
the SVP and Head Gases at
the conglomerate, and Jayesh
Biharilal Dholakia, who is an
AGM in RIL.
A query sent to Reliance
remained unanswered.
FINANCIAL ASPECTS
Speaking about the source of
finances, Reliance has re-
portedly maintained that the
promoter and investors will
invest the capital from finan-
cial liabilities and internal ac-
cruals. The promoter and in-
vestors will invest ₹5 crore
capital from financial liabilit-
ies, ₹11,607 crore and bal-
ance ₹13.26 crore from in-
ternal accruals, according to
information reviewed by
businessline.
“Reliance has approached
International Financial Ser-
vices Centres Authority (IF-
SCA) for approvals to set up a
(from left) Himanshu Kapania, Business Head, Birla Opus, Rakshit
Hargave, CEO, Birla Opus, and Kumar Mangalam Birla, Chairman,
Aditya Birla Group, at the launch of the Birla Opus plant, Panipat
pany has plans to increase capa-
city by another 500 mlpa at the
lowest cost in the existing
facilities.
The company’s paint
products will be available in
Punjab, Haryana and Tamil
Nadu from mid-March, with
target distribution at over
6,000 towns by next fiscal-end.
It plans to register 50,000 deal-
ers and distribute tinting ma-
chines free for 95 per cent of
them. The company is target-
ing a market share of 9 per cent
by next fiscal-end and emerge
‘Efforts on to attract external
investors for Vodafone Idea’
Ayushi Kar
Mumbai
Aditya Birla Group Chair-
man Kumar Mangalam Birla
emphasised the group’s
commitment to Vodafone
Idea and said that efforts
are underway to attract ex-
ternal investors, without
providing a timeline for on-
boarding such investors.
Meanwhile, Vodafone
Idea announced in a BSE fil-
ing that the board will meet
on February 27 to consider
fundraising proposals. Mul-
tiple options like equity or
debt instruments or rights
issues can be considered to
raise funds.
The capital raise could be
through issue of equity
shares or by way of any in-
struments including “secur-
ities and convertible into
equity shares, Global De-
pository Receipts, Amer-
EXPANDING HORIZON. Ship leasing is the latest addition
to the gamut of activities permitted by the regulatory authority
IFSC at Gift City
ship leasing firm to carry on
the business of Operating
Lease of ships, vessels and
voyage charters,” a source
said.
On the financial aspect,
the information reviewed
show that the “Free on Board
(FOB) value for the export of
services for a five-year-
period is projected at
₹10,780.41 crore (₹2,156
crore per annum). The for-
eign exchange outgo is
₹10,397 crore, resulting in a
Net Foreign Exchange (NFE)
of ₹383 crore.”
“IFSC Authority has re-
ceived application from Reli-
ance International Leasing
IFSC Ltd,” said Dipesh Shah,
Executive Director (Devel-
opment), IFSCA. “We are
seeing great interest from in-
stitutions to set up ship leas-
ing business from Gift IFSC.
Currently, at IFSC, we
have authorised seven entit-
ies and three in-principle ap-
the second-largest player in
three years.
Kumar Mangalam Birla,
Chairman, Aditya Birla Group,
said the three paint plants have
gone on stream in less than
three years and it is the fastest
greenfield project execution in
the group’s history. “In the ce-
ment business, for example, we
have achieved unparalleled
reach-down to every taluka pin
code. We are now channelling
this expertise into Birla Opus –
to replicate this expansive net-
work within the inaugural year,
ican Depository Receipts or
bonds including foreign
currency convertible
bonds”.
Q3 RESULTS
Vodafone Idea’s net loss re-
duced to ₹6,986 crore for
the December quarter. The
improvement in the com-
pany’s performance was
aided by ₹755.5 crore one-
time exceptional gain.
The telecom service pro-
vider’s average revenue per
subscriber also increased in
Q3 FY24. The company’s
net loss stood at ₹7,990
crore in the year-ago
period.
While announcing the
company’s Q3-FY24 res-
ults, Vodafone Idea CEO
Akshaya Moondra said: “We
remain engaged with vari-
ous parties for fundraising
to make required invest-
ments for network expan-
sion, including 5G roll-out.”
provals. Already three ships
have been leased into India
from IFSC,” he added.
A total of 35 people will be
employed with a NFE of
₹38,330 crore in five years.
SHIP LEASING
Ship leasing is the latest addi-
tion to the gamut of activities
permitted by the regulatory
authority IFSC at Gift City.
Incidentally, Ripley Ship-
ping India IFSC Private Ltd
was the first company to
lease a vessel from the Gift
City. The company received a
certificate of registration
from IFSCA in March 2023 to
operate in Gift City. MV
Ripley Pride is a bulk carrier
(Panamax) that was built in
2003 in Japan with a carrying
capacity of about 76,858
deadweight tonne (DWT).
Earlier, Indian entities
went to Dubai and Singapore
to create a shipping venture,
due to want of regulations
and setting a new benchmark in
rapid brand proliferation.”
The entry into the paint
business was a natural exten-
sion of the white cement busi-
ness, said Birla.
ENROLLING PAINTERS
The company has already en-
rolled three lakh painters and
contractors from across the
country in just six months even
before hitting the market.
Grasim has also launched Birla
Opus Painter Partnership Pro-
gramme ‘Udaan’, a Painter App
and website for contractors to
showcase their work and at-
tract new business.
“The company will also offer
financing to registered dealers
through Aditya Birla Capital,”
said Birla. World over, he said,
corporates are moving to con-
sumer-facing businesses and
the group is also getting down
the value chain in the commod-
ity business.
The correspondent was in Panipat at the
invitation of the company
125cc bikes ride on lucrative price offerings, upgraded features
Aroosa Ahmed
Mumbai
With lucrative price offerings,
upgraded features and re-
placement, the 125cc segment
of motorcycles is witnessing
an uptick in the urban and
rural segments of the Indian
automobile market.
“The 125cc segment has
seen a rise from 2.6 million
units to 3.2 million units from
FY19 to FY24 on account of
better pricing strategy and
launches. Going forward too,
expect it to grow faster than
entry and 110cc segments,”
said Hemal Thakkar, Senior
Practice Leader & Director of
Transport Logistics and Mo-
bility sector, CRISIL Market
Intelligence and Analytics.
According to SIAM statist-
ics, the motorcycle segment
higher than 110cc and equal to
125cc saw a 9.8 per cent in-
crease in domestic sales year
on year between April and
December 2023. About
NEW LINE
OF BUSINESS
“RIL has approached
International
Financial Services
Centres Authority
(IFSCA) for approvals
to set up a ship
leasing firm to carry
on the business of
operating lease of
ships, vessels and
voyage charters,”
a source said.
and tax clarity in India. Set-
ting up a ship leasing entity at
Gift City allows Indian entit-
ies to transact in foreign cur-
rency.
This is enabling Indian
firms who shifted overseas
due to regulations and taxes
to come back to IFSC in In-
dia, thereby helping to on-
shore the offshore financial
services. Currently, only In-
dian flag ships are allowed in
IFSC-Gift City (like in the
Domestic Tariff Area) be-
cause it comes under the
Merchant Shipping Act,
1958.
As of October 2023, India
stands 16th in the global list
of the largest maritime coun-
tries, with a coastline spread
across 7,517 km and 205
minor ports.
Despite an enabling land-
scape, Indian companies con-
tinue to associate with for-
eign entities for freight
agreements, in an attempt to
ship their cargo.
Globally, ship leasing is
considered a popular trading
tool and is leveraged across
the manifold segments of the
shipping industry including
containers, dry bulk, tankers,
etc. As of April 2023, the
global charter hire market
was estimated at $100 billion.
‘Closure of TN Sterlite plant hits investment’
Krishnadas Rajagopal
New Delhi
The Supreme Court on
Thursday said the Tamil
Nadu Pollution Control
Board (TNPCB) and the
Thoothukudi district admin-
istration were “equally re-
sponsible” for the piling up
of toxins in connection with
the functioning of the now-
shutdown Vedanta’s copper
smelting plant, saying pollu-
tion regulators in the coun-
try are singularly “slack” in
using their powers under the
law.
“The problem in this area
(anti-pollution statutes) in
our country is not the ab-
sence of law, but the absence
of implementation. Pollu-
tion control boards do not
have the staff, the motiva-
tion and then there are other
things… The problem is you
people do not exercise your
powers under these specific
laws,” Chief Justice of India
DY Chandrachud addressed
senior advocate CS Vaidy-
ROBUST SALES. This segment saw a 9.8 per cent increase in
domestic sales YoY between April and December 2023 BLOOMBERG
23,94,402 units of two-wheel-
ers were sold between April
and December in 2023-24,
while 21,79,058 two-wheelers
were sold between April and
December in 2022-23.
The 125cc segment is driv-
ing growth for two-wheeler
makers, with companies offer-
ing the latest technologies and
focussing on new launches.
“We were very early to spot
the rise of the segment be-
cause when the BS-VI related
Since Covid, India has added more
than 4 lakh oxygen-supported beds
Radheshyam Jadhav
Pune
The number of oxygen-sup-
ported beds was just 62,458 in
April 2020. But as the explo-
sion in Covid cases in the three
waves underlined the need for
more such beds, hospitals
seem to have increased the
number to 5,15,345 by Febru-
ary 2024, recording a growth
of 725 per cent.
DATA FOCUS.
This is according to data
presented by the Ministry of
Health and Family Welfare to
the Lok Sabha this month.
COVID-19 PEAK
Maharashtra and Tamil Nadu
witnessed the largest in-
creases of 1.2 lakh and 57,810
in oxygen-supported beds
since the Covid. The more ro-
bust healthcare infrastructure
and higher affordability in
these States could have motiv-
ated hospitals to beef up their
oxygen beds since the
pandemic.
The more populous State of
Uttar Pradesh comes next, fol-
lowed by the wealthier States
of Gujarat and Karnataka.
During the peak of the
Covid-19 pandemic, social
media platforms were inund-
ated with requests from family
members of patients seeking
oxygen beds for their loved
ones.
To address the surge in de-
mand for oxygen during peak
Covid-19, the Central govern-
ment had supported States in
terms of increasing the avail-
ability, streamlining the distri-
bution and strengthening the
oxygen-storage infrastructure
in the country. Steps were ini-
tiated to import Liquid Med-
ical Oxygen (LMO) from over-
seas, Pressure Swing
Adsorption (PSA) Plants were
taken up besides providing
oxygen cylinders and concen-
trators to States.
The government data indic-
ate that States have learned
from the pandemic, with even
anathan, appearing for the
TNPCB.
Justice JB Pardiwala, an
Associate Judge on the three-
judge Bench with Justice
Manoj Misra, said the TN-
PCB and the district admin-
istration were “equally re-
sponsible for creating the
situation” in Thoothukudi.
Justice Pardiwala read out
from a Court order, which
said “TNPCB nor the district
administration took effect-
ive steps to abate the nuis-
ance. Rather, the slackness in
the approach of the State
Pollution Control Board and
the district administration
led to the flooding of
Thoothukudi town… the dis-
trict administration could
not have pleaded ignorance
because the quantity of slag
dumped was a small pillock
and visible to any passer-by”.
RENEWAL OF LICENCE
The Court was hearing Ved-
anta’s appeal to re-open the
plant, which was closed
down in 2018 after the State
Pollution Control Board and
costs went up, we knew that
the 150cc costs were going up
much more because of the
ABS, etc. Therefore, the com-
bined effect of ABS and BS-VI
would increase the prices of
150cc and create an opening
for 125cc.
“This segment has custom-
ers who want to be pure com-
muters, slightly older in age
profile to very sporty and
youthful. We’ve got a Pulsar
for each type of customer over
those States that previously
had a large number of oxygen-
supported beds, adding sub-
stantially to their capacity in
the post-Covid-19 years. For
example, in April 2020, Maha-
rashtra had the highest num-
ber of oxygen-supported beds.
The State has since increased
its count from 11,254 to
1,32,314, representing a rise of
1,076 per cent.
This expansion of oxygen-
authorities refused to renew
their consent to operate cit-
ing grounds of pollution.
Vaidyanathan agreed with
Justice Pardiwala that his cli-
ent, TNPCB, may have been
“remiss or slack”.
“The regulator was con-
strained because of the
pending cases — it was never
free from court proceed-
ings,” Vaidyanathan
submitted.
The Chief Justice ques-
tioned the TNPCB on the
closure of the plant on the
ground of “undefined
violations”.
“Industry is bound to
comply with the law. In-
dustry cannot say ‘I will only
there. The strategy has
worked out for us. We have
got seven-nine models from
125cc to 200cc compared to
others’ three or four,” said
Rakesh Sharma, Executive
Director of Bajaj Auto, during
the analyst call.
“We launched Xtreme 125
to strengthen our 125cc port-
folio. India is the story of
many Indias and gradually you
see upper premium, middle
premium, and even in 125cc, if
you segment it into two -
which is the upper premium
125cc and let’s say a non-
premium 125cc, then that’s
also growing. So, you’ve seen
every segment, you kind of see
premiumisation and that’s
growing,” said Niranjan
Gupta, Chief Executive Of-
ficer, Hero MotoCorp, during
the earnings call .
SEGMENT MIGRATION
Experts believe that with
competitive prices, con-
sumers will migrate from the
100cc segment to 125cc.
DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
96eed26b-6814-45ab-804d-2e0baf8d4232
supported beds is a critical
step in strengthening India’s
healthcare system and im-
proving its ability to respond
to future health crises. It re-
flects a concerted effort by
State governments to address
the challenges posed by the
Covid-19 pandemic and en-
sure that adequate healthcare
infrastructure is in place to
meet the needs of the
population.
address such objections
which you (TNPCB) happen
to spot and raise’. But at the
same time, you (TNPCB)
cannot close an industry on
unspecified violations…
Closure affects investment,”
Chief Justice Chandrachud
pointed out.
Vaidyanathan said his cli-
ent had not revoked a valid
consent. The consent had ex-
pired at the time. “Their con-
sent to operate had come to
an end. It was their applica-
tion for renewal of consent
that was declined by me,” he
argued.
The Chief Justice, how-
ever, responded that an es-
tablished industry, though
there was no vested right to
renewal, could entertain a
“legitimate expectation”
that its application for con-
sent would be renewed sub-
ject to compliance with the
law.
“You (TNPCB) cannot say
‘I will deny renewal on un-
specified grounds’. That is
not done,” the Chief Justice
addressed Vaidyanathan.
“While we have a good play
in the 100cc segment through
our Platina, given that the eco-
nomic drop is improving, and
even this segment has
emerged from the shadows of
Covid. We feel that it is a bet-
ter strategy to invade the seg-
ment from the outsider’s seg-
ment to pull people into
125cc.
“And some of it is happen-
ing with the Pulsar. We are
looking at programmes where
we will be able to offer a very
appealing product to people
who are in 100cc and migrate
them upwards,” added
Sharma.
businessline.
Disclaimer: Readers are requested to verify
& make appropriate enquiries to satisfy
themselves about the veracity of an
advertisement before responding to any
published in this newspaper. THG
PUBLISHING PVT LTD., the Publisher &
Owner of this newspaper, does not vouch for
the authenticity of any advertisement or
advertiser or for any of the advertiser’s
products and/or services. In no event can the
Owner, Publisher, Printer, Editor, Director/s,
Employees of this newspaper/company be
held responsible/liable in any manner
whatsoever for any claims and/or damages
for advertisements in this newspaper.
... . . . . . . ND-NDE

DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
QUICKLY.
AS Rajeev appointed as
Vigilance Commissioner
New Delhi: President Droupadi
Murmu has appointed AS Rajeev
as Vigilance Commissioner in the
Central Vigilance Commission
(CVC). Prior to this
appointment, A S Rajeev was
Managing Director and CEO of
Bank of Maharashtra, a public
sector bank. OUR BUREAU
Mineral production rises
5.1 per cent in December
New Delhi: India’s mineral
output increased by 5.1 per
cent in December as compared
to the year-ago period, the
government said on Thursday.
The index of mineral
production of mining and
quarrying sector for December
2023 at 139.4 is 5.1 per cent
96eed26b-6814-45ab-804d-2e0baf8d4232
higher than the corresponding
month of 2022, the mines
ministry said in a statement. PTI
Steel PLI 2.0 put on hold for now, five firms
start rolling out products under existing scheme
Abhishek Law
New Delhi
The performance linked in-
centive (PLI) 2.0 scheme for
speciality steel has currently
been put on hold and propos-
als relating to it could be ex-
plored only after a review of
the performance of the first
phase, which is currently on-
going, senior officials of the
Union Steel Ministry told
businessline.
The review will be carried
out of the proposals that take
place under PLI 1.0, includ-
ing the time taken to roll out
of products (under it) and
the financial outgo, apart
from market demand for new
products, before any an-
nouncement on PLI 2.0 is
made. Proposals could come
under a new policy head too.
PLI 2.0, which was target-
‘India best placed to export components for over
60 GW of upcoming global offshore wind capacity’
Rishi Ranjan Kala
New Delhi
International wind turbine
manufacturers command
large production bases in In-
dia, which can double as an
export hub, particularly to
tap the more than 60
gigawatt (GW) of upcoming
global offshore wind capa-
city, S&P Global Commodity
Insights said in its latest
report.
“We expect average annual
wind additions (onshore) of
around 4 GW between 2024
and 2030. Based on that, the
Indian market is already
around 4 times oversup-
plied,” S&P Global Commod-
ity Insights Associate Dir-
ector of Analysis of Gas,
Power and Climate Solutions
Indra Mukherjee said.
A lot of the manufacturing
in India is owned by region-
ally diversified western tur-
bine makers, who supply al-
CM
YK
At 61.5, flash composite PMI rises
to 7-month high in February
BIG BOOM. Business activity sees expansion driven by strong demand for both manufacturing and services
Shishir Sinha
New Delhi
With better performance in
both manufacturing and
services, the HSBC Com-
posite Purchasing Man-
agers’ Index (PMI) rose to a
seven-month high of 61.5 in
February, up from 61.2 in
January. However, there is
not-so-good news on the
job front.
“New export orders rose
sharply, particularly for
goods producers. Input
prices rose at the slowest
pace in three-and-a half-
years. Producers were able
to do both — lower the rate
of increase in output prices
and improve margins,”
Pranjul Bhandari, Chief In-
dia Economist at HSBC
said.
The flash manufacturing
PMI touched 60.4 in Febru-
ary, compared to 59.7 of
January. Simultaneously,
the Flash services PMI
climbed to 62 from 60.4.
Normally, PMI data is re-
leased during the first week
ON A MISSION. Greek Prime Minister Kyriakos Mitsotakis speaks during India Greece Business
Forum on the theme ‘Exploring Economic Collaboration between Greece and India’ in Mumbai PTI
ing a disbursal of ₹4,300-
4,500 crore, would cover seg-
ments like coated and plated
steel, high strength and wear-
resistant offerings, speciality
rails, alloys including wires
and tubes, electrical steel,
among others. The scope of
PLI 2.0 was to cover strategic
sectors like defence, nuclear
space and infrastructure.
“We do envisage that there
will be interest in specialised
steel making. But since these
projects have long gestation
period, and are high capex, a
call has to be taken consider-
ing the change in market con-
ditions in future. Right now,
the focus would be on putting
in place PLI 1.0 and ensure its
roll out,” the official said
adding, “So PLI 2.0 is on-hold
at the moment.”
In the case of PLI 1.0,
MoUs have not been received
in respect of 13 approved ap-
WINDS OF CHANGE. Global installations of wind and solar will
reach one terawatt in the next two years, finds a report NAGARA GOPAL
most everywhere outside
China and prominently in
Europe and the US. This
opens opportunities for ex-
ports, he added. Prominent
western turbine makers such
as Vestas as well as specialist
equipment makers like TPI
Composites have scaled up
and modernised their India
manufacturing footprint —
priming it as an export hub.
“Exports of wind turbine
components in 2023 were
nearly twice that of 2019
of the month. However,
flash data is now being pre-
pared to ascertain the
trends of private business
in India. Manufacturing and
services, together, have a
share of around 70 per cent
in Gross Value Added
(GVA).
The flash PMI is prepared
by S&P Global from re-
sponses to questionnaires
sent to survey panels of
around 400 manufacturers
and 400 service providers.
The panels are stratified
by detailed sector and com-
pany workforce size, based
on contributions to GDP.
The services sector is
defined by S&P Global as
consumer (excluding re-
tail), transport, informa-
tion, communication, fin-
ance, insurance, real estate
and business services. In-
dex above 50 means expan-
sion and below 50 indicates
contraction.
UNCHANGED PAYROLL
Talking about job scenario,
a report released along with
indices, noted that despite
plications, and the official
said that despite attempts
these applicants have not
been on-boarded for the on-
going scheme. Out of the 67
approved applications, 54
MoUs were inked.
Drop-outs happened for
various reasons that include
changing demand patterns,
high capex, environment
clearances and land litiga-
tion, absence of expertise in
levels in revenue terms. Ex-
port opportunities are more
attractive for standardised
and labour-intensive com-
ponents like towers and
blades and is growing for na-
celles too,” Mukherjee noted.
“However, not all the capa-
city is suited for exports. A lot
of it is owned by domestic
turbine makers who don’t
have international order
books,” he pointed out.
According to S&P Global
Commodity Insights’ top 10
THE GOOD AND THE BAD
 The flash manufacturing
PMI touched 60.4 in
February, compared with
59.7 of January
 The flash services PMI
climbed to 62 from 60.4
 The report released along
with indices noted that
despite the ongoing growth of new orders, private
sector companies refrained from recruiting extra
workers during February
 On the price front, the report said that the rate of
charge inflation for Indian goods and services receded
to the weakest in a year
the ongoing growth of new
orders, private sector com-
panies in India refrained
from recruiting extra work-
ers during February.
“Payroll numbers were
unchanged since January,
thereby ending a 20-month
sequence of job creation.
Anecdotal evidence sugges-
ted that workforces were
sufficient for current re-
quirements,” it said. It may
be noted that manufactur-
the segment, and also be-
cause clearances were gran-
ted in parts and not as a
whole.
PLI 1.0 REVIEW
Under PLI 1.0, five compan-
ies have started rolling out
specialised steel while nine
more look at launching
coated steel products by Q1
(April – June) of next fiscal,
the official said. All 14 com-
panies were expected to roll
out products by December-
end. Some of the listed entit-
ies have been first off-the-
block in terms of rolling out
speciality offerings.
The last review carried out
by the Steel Ministry in
December shows₹13,000
crore worth of investments
(43 per cent), out of a pro-
posed ₹30,000-odd crore un-
der PLI 1.0, has already been
made and another ₹3,000
trends in clean energy tech-
nology in 2024, global install-
ations of wind and solar will
reach one terawatt (TW) in
the next two years, taking
global installations to 3.5 TW
and pressing an urgent need
for more flexible power sys-
tems. But it is offshore wind
that is set for an “unpreced-
ented milestone” year.
“More than 60 GW of new
offshore capacity are set to be
auctioned in at least 17 dif-
ferent markets — an all-time
record high,” S&P Global
Commodity Insights Clean
Energy Technology Lead
Eduard Sala de Vedruna said.
SOLAR MODULES
India leads solar PV manu-
facturing expansions outside
of mainland China. “India
has now significant solar PV
module manufacturing to
serve the growing domestic
market and to export to in-
ternational markets (mostly
US) after success of local in-
ing is considered the
biggest job multiplier.
Meanwhile, there was
some positive development
on the price front. The re-
port said that the rate of
charge inflation for Indian
goods and services receded
to the weakest in a year, as
companies generally ob-
served a lack of cost
pressures.
The report highlighted
that new orders came from
Greece PM Mitsotakis calls for stronger
ties, invites investments in tourism and infra
Our Bureau
Mumbai
Greece wants to foster strong
connections with India, its
Prime minister Kyriakos Mit-
sotakis said here on Thursday.
Calling for a broad based
partnership between two
countries, Mitsotakis urged
India Inc to explore invest-
ments in infrastructure, lo-
gistics and new sectors like
crore – ₹5,000 crore is expec-
ted taking it up to ₹18,000
crore by FY24-end.
Around ₹10,000 crore
worth of investments are ex-
pected to be made towards
new facilities next fiscal, offi-
cials said.
An internal note of the
Ministry, which was docu-
mented in September, said
MECON — the project man-
agement agency for PLI 1.0
— received 54 signed MOUs
from 26 companies with an
investment commitment of
₹29,285 crore and down-
stream capacity addition of
24.7 million tonnes (mt). In-
cremental production was
8.6 mt and incentive outgo
was around ₹2,300 crore.
Disbursals for PLI 1.0 are
expected to start next fiscal
onwards and a provision of
₹270 crore is made in the in-
terim Budget.
centive manufacturing pro-
gram (PLI) and duties
(BCD),” S&P Global Com-
modity Insights’ principal re-
search analyst of gas, power
and climate solutions Jessica
Jin said.
India was heavily depend-
ent on module imports until
the implementation of the
basic custom duty (BCD) in
April 2022. The production
linked incentive (PLI)
scheme stimulates PV manu-
facturing and will be central
to reach module self-suffi-
ciency before 2026, she
added.
Module capacity in India
by the end of 2023 was 10 GW
more than anticipated at the
beginning of the year. New
investors entered module
manufacturing apart from
winners of the PLI rounds,
stimulated by both attractive
local manufacturing policies
and opportunities to manu-
facture in India and ship to
the international markets.
both the domestic and
global markets, though the
later had performed better.
“International markets
again made a positive con-
tribution to companies’ or-
der books, as seen by the
fastest expansion in new ex-
port work since last
September,” the report
said. Further, the upturn
was led by goods producers.
External sales were re-
portedly fuelled by stronger
demand from clients based
in Africa, Asia, Australia,
Europe, the Americas and
the Middle East, added the
report.
However, not everything
is well as overall level of
business confidence slipped
from January’s four-month
high, but remained indicat-
ive of a robust degree of op-
timism towards growth
prospects. Positive senti-
ment was pinned on hopes
that market conditions will
remain favourable, thereby
boosting demand for goods
and services and sub-
sequently supporting eco-
nomic output.
hospitality and tourism.
“We are two ancient civil-
isations with great respect for
each other. We have great
people-to-people connec-
tions and we want to foster
the connections further,” the
Greek Prime Minister said at
an event organised by FICCI.
Relations between India
and Greece are on an upswing
after Prime Minister Naren-
dra Modi visited the country
last year. Mitsotakis said that
Telecom subscriber base grows to 119 crore in Dec
Press Trust of India
New Delhi
Telecom subscriber base in
the country grew marginally
to 119 crore in December
2023 on account of new sub-
scriber addition by Reliance
Jio and Bharti Airtel, accord-
ing to a TRAI report pub-
lished on Thursday. The
news . bl . 3
‘Economy estimated to
grow at 6.5% in FY25’
Our Bureau
New Delhi
Indian economy is estimated to
grow at 6.5 per cent during
Fiscal Year (FY) 2024-25, India
Ratings and Research (Ind-Ra)
said on Thursday. The agency
also expects the pace of private
investment to accelerate if the
present government returns to
power.
The agency’s projection is 50
basis points (bps) lower than
Reserve Bank of India’s (RBI)
projection of 7 per cent, but at
par with International Monet-
ary Fund’s (IMF) projection of
6.5 per cent. Growth during
current fiscal is estimated at 7.3
per cent. The agency said that
economic recovery is on track
owing to multiple factors in-
cluding sustained government
capex, healthy corporate per-
formance, deleveraged corpor-
ate and banking-sector balance
sheets, continued softness in
global commodity prices and
the prospect of a new private
capex cycle.
POSITIVE OUTLOOK
The agency said that while
growth in the next fiscal is ex-
pected to be lower, this is not
going to affect private invest-
ment cycle which bodes well
for the economy. “When we
the India-Middle East-
Europe corridor will develop
further linkages between the
two countries and stressed
the importance of strength-
ening supply chains and
logistics.
GOING STRONG
Despite the Covid-19 pan-
demic and geo-political un-
certainties, Greek economy is
growing at a much faster pace
than that of Eurozone. “We
broadband subscriber base
also grew marginally to 90.4
crore, accounting for about
76 per cent of the total sub-
scriber base, as per the
monthly subscriber report
published by the Telecom
Regulatory Authority of India
(TRAI).
Reliance Jio added 39.94
lakh mobile subscribers while
look at lead indicators, all of
them are indicating that at the
current juncture, the private
corporate sector is once again
becoming more bullish about
investments...,” Sunil Kumar
Sinha, Principal Economist at
Ind-Ra said in a press confer-
ence here.
According to the agency,
₹3.53-lakh crore was raised in
2022-23 to finance a total of 982
large projects — those over
₹1,000 crore. This is signific-
antly higher than the ₹1.98-
lakh crore raised to finance 791
such projects in 2021-22. Ac-
cording to Sinha, while it’s still
“early days” for the private
capex cycle, companies are also
gaining confidence from their
belief that the likelihood of an-
other shock is low.
“With demand picking up,
capacity utilisation in the
private sector should start
rising from the current aggreg-
ate level of 75 per cent. Mean-
while, certain segments such as
cement and steel have already
seen their capacity utilisation
levels cross 80-85 per cent. As
such, investments has already
96eed26b-6814-45ab-804d-2e0baf8d4232
begun taking place in those sec-
tors,” he said.
However, the agency cau-
tioned that consumption de-
mand was still skewed in favour
of households with the upper
50 per cent of incomes.
have done so while, at same
time, maintaining tight fiscal
discipline,” he said. He also
cited the political stability in
Greece as one of its advant-
ages. There is a great un-
tapped opportunity in tour-
ism and hospitality sectors,
he said.
“We still don’t have non
stop flights connecting
Greece with Mumbai or
Delhi. I’m sure this will
change quickly,” he said.
Bharti Airtel onboarded 18.5
lakh. However, the growth
was mitigated with Vodafone-
Idea losing 13.68 lakh mobile
customers, State-run BSNL
1.5 lakh and MTNL 4,420 mo-
bile customers. Wireline sub-
scribers increased to 3.18
crore at the end of December
2023 from 3.15 crore at the
end of November 2023.
... . . . . . . ND-NDE
 4 . bl . news
QUICKLY.
‘SIDBI’s MFI outstanding
to hit ₹10,000 cr this fiscal’
Kolkata: Outstanding of SIDBI to
the micro-finance institutions
(MFIs) will touch ₹10,000 crore
by the end of the current
financial year, Prakash Kumar,
Deputy managing director of
SIDBI said. In the last fiscal year,
the refinancing development
financial institution had an
outstanding of ₹5,000 crore to
the NBFC-MFI sector, he said.
“Last fiscal, the total outstanding
to the MFIs was ₹5,000 crore.
This fiscal, this will touch ₹10,000
crore”, he said. PTI
Bank of Baroda raises
₹2,500 cr via tier-II bonds
New Delhi: State-owned Bank of
Baroda (BoB) on Thursday said it
has raised ₹2,500 crore through
bonds to fund business growth.
The fund raised through the
issuance of Basel III Compliant
96eed26b-6814-45ab-804d-2e0baf8d4232
Tier-II Bonds Series XXVI and the
bank received a strong response
from investors, which allowed it
to price the issue at a
competitive coupon rate of 7.57
per cent, it said in a statement. PTI
Measures needed to ensure that call money rate
largely stays at the repo rate, says Ashima Goyal
Our Bureau
Mumbai
Measures to ensure that the
WACR (weighted average
call rate) largely stays at the
repo rate are required, as
they would bring down
short-term rates and are
part of the natural develop-
ment of the liquidity adjust-
ment framework that sup-
ports inflation targeting,
according to monetary
policy committee external
member Ashima Goyal.
The daily WACR has of-
ten exceeded the repo rate
Fitch rates Tata Capital ‘Unrealistic valuations could hit IPO prospects of internet firms’
‘BBB-’ with stable outlook bl interview
Our Bureau
Mumbai
Fitch Ratings has assigned
first-time long-term foreign
and local currency issuer de-
fault ratings of ‘BBB-’ to Tata
Capital (TCL) with a stable
outlook, driven by the view
that if required, parent Tata
Sons will provide extraordin-
ary support to the NBFC that
is increasingly becoming im-
portant to the group. Fitch
has also assigned a share-
holder support rating of
‘bbb’.
Commenting on the signi-
ficance of Tata Capital to the
Tata Group, the international
ratings agency said that its
view was “underpinned by
TCL’s profile as the largest
entity within Tata Group’s
financial services segment”
that has been identified as a
Start-ups raised $1.2-b in venture debt in 2023: Report
Our Bureau
Bengaluru
India’s venture debt (VD)
market crossed the billion-
dollar mark in 2023, a 50 per
cent surge from the previous
year.
Venture debt globally
stood at about $60-65 billion
in 2023, according to the ‘In-
dia Venture Debt Report
2024’ by venture debt firm
Stride Ventures. About 190
start-ups raised a total of
$1.2 billion last year, mark-
ing a 50 per cent increase.
The surge, accounting for
approximately 175-190
deals, reflects a Compound
Annual Growth Rate
(CAGR) of about 34 per cent
from 2017 to 2023.
Consumer and fintech
emerged as the top sectors
for raising funds through
venture debt in India in
2023, leading in both deal
volume and total funding
raised, respectively. Fintech
CM
YK
MPC member warns against high real
interest rate, calls for cautious approach
CONTRARIAN STAND. Don’t believe that such a high rate is required at this stage to drive inflation down: Varma
Our Bureau
Mumbai
The Monetary Policy Com-
mittee’s external member,
Jayanth R. Varma, cau-
tioned that a real interest
rate of 2 per cent creates
the very real risk of turning
growth pessimism into a
self-fulfilling prophecy.
The Professor of the In-
dian Institute of Manage-
ment, Ahmedabad, was the
lone member of the six-
member MPC to vote to re-
duce the repo rate by 25
basis points and to change
the stance to neutral.
The real interest rate is
the difference between the
current policy repo rate of
6.5 per cent for FY25 and
the projected CPI inflation
of 4.5 per cent.
The MPC, which met on
February 6, 7, and 8 , de-
cided by a 5 to 1 majority to
keep the policy repo rate
unchanged at 6.50 per cent.
The MPC also decided, by a
majority of 5 out of 6 mem-
bers, to remain focussed on
(6.50 per cent) in the past
few months, said Goyal,
who is an Emeritus Pro-
fessor at the Indira Gandhi
Institute of Development
Research.
The LAF (liquidity ad-
justment facility) corridor
effectively defines the oper-
ating procedure of monet-
ary policy. Once the policy
repo rate is announced, li-
quidity operations are con-
ducted to keep the WACR
closely aligned to the repo
rate.
“Just as the tightening
cycle started by withdraw-
ing liquidity... and as expec-
growth driver for the group.
Tata Sons ability to provide
the required support, the
group’s significant 96.6 per
cent stake in the NBFC and
shared branding are the other
links.
GROWTH DRIVER
Fitch pointed out that Tata
Sons has direct oversight of
TCL’s strategic decision mak-
ing and a steady record of
capital investments in the
subsidiary. It added that
TCL’s increasing contribu-
tion to Tata Sons’ consolid-
ated profitability under-
scored its value to the group.
“We believe that there would
be potential implications for
future Tata Group ventures if
TCL were to default.” It said
that Tata Sons had also sup-
ported TCL’s balance-sheet
growth through regular
equity infusion when needed.
led with a more than 55 per
cent share of the total in-
vestment, followed by the
consumer sector at around
25 per cent.
In 2024, founders and
venture debt firms expect
clean tech, especially elec-
tric vehicles (21.6 per cent),
consumer (19.5 per cent),
and fintech (15.8 per cent),
sectors to raise more ven-
ture debt, the report said.
Venture debt refers to a
variety of debt financing
products applicable specific-
ally to venture capital-
backed companies. These
are growth-stage firms that
may lack positive cash flow,
tangible collateral but have
secured investments from
venture capitalists.
START-UP SCENE
“This leap signals a shift to-
wards strategic financing,
propelling Indian innova-
tion to global prominence.
With the market poised to
hit $1.8-2 billion by 2026, In-
the withdrawal of accom-
modation to ensure that in-
flation progressively aligns
with the target while sup-
porting growth.
‘NO EVIDENCE’
“I do not believe that such
a high real rate (2 per cent)
is required at this stage to
drive inflation down to the
target of 4 per cent. It is
true that economic growth
is holding up well, but there
is no evidence at all that
the economy is
overheating.
“Perhaps the majority of
the MPC worry that the
output gap has already
closed and that the projec-
ted growth rate of 7 per
cent for 2024-25 exceeds
the growth potential of the
Indian economy. I do not
think that such growth
pessimism is warranted,”
Varma said. The RBI re-
leased the MPC minutes on
Thursday.
The professor opined
that if the potential growth
rate of the economy is close
to 8 per cent, then the eco-
Moving to the just in
time mode would save
interest costs. Money
market timings can be
extended and market
microstructure developed
to enable banks to
lend to each other
ASHIMA GOYAL
MPC member
ted, real rates rise, measures
to ensure the WACR largely
stays at the repo rate are re-
Janaki Krishnan
Mumbai
There are likely to be fewer
new-age technology and
internet companies
launching IPOs this year
because there appears to be
a disconnect between their
private valuations and what
the public markets would
be willing to pay, according
to Bhavesh Shah, MD,
Investment Banking at
Equirus Capital.
“I think there are a lot of
companies that are good,
IPO-worthy but there’s a
big disconnect between
what a private valuation
could be and whatever
public market valuation
can happen,” Shah told
businessline in an interview.
He added that there will be
far fewer IPOs of internet
A BIG DEAL. The surge, accounting for 175-190 deals, reflects a
CAGR of about 34% from 2017 to 2023
dia’s future in the global
startup scene looks not just
promising but unstop-
pable,” said Ishpreet Singh
Gandhi, Founder & Man-
aging Partner, Stride
Ventures.
The sector-agnostic in-
vestment firm has a portfo-
lio of over 120 start-ups, in-
cluding the likes of Mensa,
Sugar Cosmetics, Perfios,
Jayanth R Varma,
External Member, MPC
nomy is not at risk of over-
heating in 2024-25. A real
interest rate of 1-1.5 per
cent would then be suffi-
cient to glide inflation to
the target of 4 per cent, he
added.
“It must also be borne in
mind that the process of
fiscal consolidation is pro-
jected to continue in 2024-
25. This opens up space for
monetary easing without
risking an inflationary
spiral.
“In my view, the time has
come for the MPC to send a
clear signal that it takes its
dual mandate of inflation
quired,” the professor said.
Even if the WACR ex-
ceeding the repo was due to
companies compared to
the last 3-4 years. “Not
everybody will be able to go
for an IPO.”
During 2019 to 2022,
new-age technology
companies emerged as
public market leaders,
accounting for about a
fourth of the capital raised
with large IPOs by Zomato,
Nykaa, and Paytm. In 2023,
that dwindled to just 2 per
cent. Along with sound
business models and
growth, new-age
companies also have to be
profitable and show the
potential to scale up those
profits, Shah said.
Excerpts:
IPOs of internet
companies were a rage
just a year ago. Now
there is more caution.
Do you expect this
trend to continue?
Of course, there are a lot of
Spinny, Zetwork, Blu Smart,
Jupiter, and Slice, through
its three funds.
Venture debt saw a shift
as the pre-Series A to Series
C stages receiving 79 per
cent of deals and 53 per cent
of investment volume. This
pivot towards early to mid-
stage companies indicates
an evolutionary stride in the
use of venture debt, show-
and growth seriously and
that it would not maintain
a real interest rate that is
significantly more than
what is needed to achieve
its target,” Varma said.
RBI Governor Shaktik-
anta Das noted that food
price uncertainty remains a
major source of volatility
for the headline inflation
outlook. Growing geo-
political tensions and sup-
ply chain disruptions due
to new flash points also
pose further risks to the in-
flation outlook.
‘IN THE RIGHT DIRECTION’
“The current setting of
monetary policy is moving
in the right direction, with
growth holding firm and in-
flation trending down to
the target. At this juncture,
monetary policy must re-
main vigilant and not as-
sume that our job on the in-
flation front is over.
“We must remain com-
mitted to successfully nav-
igating the ‘last mile’ of dis-
inflation, which can be
sticky. As markets are
unprecedented and exten-
ded large government cash
balances, the toolkit to
counter these and the many
other shocks to which li-
quidity in India is subject to,
can be expanded and activ-
ated, opined Goyal.
“Part of surplus govern-
ment cash balances are
already considered for VRR
(variable rate repo) auc-
tions; cash management can
be improved, and govern-
ment borrowing staggered.
“Moving to the just in
time mode would save in-
terest costs. Money market
timings can be extended and
Investors now want
companies to make
profits. Also, if they
have to be made public,
there has to be a
markdown in valuations
BHAVESH SHAH
MD, Investment Banking
Equirus Capital
companies out there that
want to tap into the capital
markets. But they need to
be profitable.
Out of, say, 1,000
internet companies, there
will be just 50-60 who can
change their business
model to make themselves
profitable. They raise
equity and use that to give
discounts and increase
sales. They then raise more
casing a broader acceptance
across various stages of
company growth.
The robust Indian ven-
ture debt landscape is in
stark contrast to a decline in
venture debt fundraising in
the US last year. Apoorva
Sharma, Managing Partner,
Stride Ventures, attributed
this to due diligence and the
asset class’s promise of resi-
lience and returns.
EXPANDING MARKET
“India’s venture debt mar-
ket is swiftly expanding,
jumping from $800 million
to $1.2 billion of venture
debt within a year, highlight-
ing a seismic shift in in-
vestor confidence and stra-
tegic adoption. As both
founders and VCs increas-
ingly integrate venture debt
to balance equity and
growth, it becomes central
to India’s funding land-
scape, signifying a pivotal
evolution in the start-up
ecosystem,” he noted.
front-running central
banks in anticipation of
policy pivots, any prema-
ture move may undermine
the success achieved so
far,” Das said.
‘HIGHLY SENSITIVE’
MD Patra, Deputy Gov-
ernor, observed that the
outlook for the Indian eco-
nomy remains highly sens-
itive to inflation risks.
“High inflation erodes
purchasing power, espe-
cially for those least pro-
tected against the higher
costs of essentials like
food. Restoring price sta-
bility is beneficial for all,”
Patra said.
Accordingly, monetary
policy must remain re-
strictive and maintain
downward pressure on in-
flation while minimising
the output costs of disinfla-
tion.
It is only when inflation
subsides and stays close to
the target lastingly that
policy restraint can be
eased, the Deputy Gov-
ernor added.
market microstructure de-
veloped to enable banks to
lend to each other,” she said.
Goyal emphasised that
banks are the only conduits
of liquidity to the rest of the
financial system, and they
tend to hoard liquidity if it is
tight.
“Since non-bank financial
intermediaries do not have
access to a lender of last re-
sort and penalties for credit
default are now high, they
also tend to hold excess li-
quidity. As a result, large
swathes of the credit system
do not get serviced,” she
said.
equity at a higher valuation
and grow further. The test
of that business model will
be if they can generate
profits.
It is easy to raise money,
but becoming profitable, it
will be a far lower number.
A lot of these companies
will, I think, just evaporate,
get merged, or be acquired.
That’s already happening.
Over the last one year we
PFRDA amends trustee bank, CRA
regulations for subscriber protection
KR Srivats
New Delhi
Pension regulator PFRDA
has amended its Trustee
Bank (TB) and Central Re-
cordkeeping Agency (CRA)
Regulations as part of its
overall effort at ensuring
subscriber protection and
enhancing the ease of doing
business in the NPS
ecosystem.
The latest amendments,
among other things, intro-
duced the concept of ‘fit and
proper’ criteria for CRA and
its key personnel.
A trustee bank is an inter-
mediary that is responsible
for the day-to-day flow of
funds and banking facilities
in accordance with the
guidelines and directions is-
sued by the Pension Fund
Regulatory and Develop-
ment Authority (PFRDA)
under the National Pension
Payments banks seek
RBI nod for small-value
deposits and loans
K Ram Kumar
Mumbai
Payments banks (PBs) may
approach the Reserve Bank of
India to allow them to take
small-value fixed as well as re-
curring deposits, as garnering
low-cost savings bank (SB)
deposits is proving an uphill
task given the high-interest
rates being offered by com-
mercial banks on term
deposits.
These banks are also likely
to make a pitch to allow them
to offer small-ticket loans to
individuals and micro- and
small enterprises (MSEs) to
enhance their viability, said
sources aware of recent delib-
erations on the road ahead for
PBs.
The need for enhancing the
scope of activities of these
‘vertically differentiated
banks’ comes in the backdrop
of five out of the 11 applicants
who were given in-principle
approval to start a PB in 2015,
either not commencing oper-
ations or voluntarily giving
up their certificate of
registration.
Now, only six PBs — Airtel
Payments Bank, Fino Pay-
ments Bank, India Post Pay-
ments Bank, Jio Payments
Bank, NSDL Payments Bank,
and Paytm PB — are opera-
tional.
Out of these six, the RBI
has imposed severe restric-
tions on Paytm PB due to
“persistent non-compli-
ances” and continued mater-
ial supervisory concerns at
the bank. Fino PB has applied
to the RBI to convert into a
small finance bank.
‘ALLOW FD AND RD’
“Commercial banks’ low-cost
CASA (current account, sav-
ings account) deposits have
come down over the last few
quarters as customers prefer
investment in fixed deposits,
non-convertible debentures,
mutual funds, equities, etc.,
which offer better returns.
Given this situation, there is
no way PBs can stop the de-
cline in their savings bank
have seen job cuts in some
of these companies.
A lot of their private
valuations have been
unrealistic. If a company
has revenue of ₹5,000
crore, makes a loss of
₹8,000 crore, and the
valuation is $22 billion, it
beats all logic. That
mismatch is there.
Investors now want
companies to make profits.
Also, if they have to be
made public, there has to
be a mark down in
valuations.
There are lot of
IPO-worthy companies, but
there’s a big disconnect
between their private
valuation and public
market valuation. That has
to come down.
So the number of
internet companies
going to the market will
be low?
The latest
amendments,
among other
things, introduced
the concept of ‘fit
and proper’ criteria
for CRA and its
key personnel
System (NPS). CRAs are re-
sponsible for centralised re-
cordkeeping, administra-
tion, and customer service
functions for all NPS sub-
scribers. Currently, there
are three licensed CRAs in
the country.
FRAUD PREVENTION
The latest amendments to
the trustee bank regulations
seek to simplify and
strengthen the provisions
related to the implementa-
DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
As of March 2023, the six
operational PBs collectively
had deposits and investments
aggregating ₹12,174 crore
(SB) deposits. “So, the only
way to stop deposit outflow is
to allow us to offer FDs and
recurring deposits (RDs),”
said a senior PB official.
Simultaneously, allowing
PBs to offer small-ticket loans
in select segments, such as in-
dividuals and MSEs, which
will fetch a higher yield on ad-
vances, will help in servicing
high-cost FDs and RDs.
‘INCREASE THE CAP’
These vertically differenti-
ated banks also want the RBI
96eed26b-6814-45ab-804d-2e0baf8d4232
to increase the maximum
end-of-day balance a cus-
tomer can maintain with
them from ₹2 lakh to ₹5 lakh
in sync with the increase in
deposit insurance cover.
PBs provide payments and
remittance services to the mi-
grant labour workforce, low-
income households, small
businesses, other unorgan-
ised sector entities, and other
users. These banks can only
accept demand deposits with
a maximum balance of ₹2
lakh per individual customer.
They cannot undertake
lending activities but distrib-
ute financial products like
mutual fund units and insur-
ance products, etc., and act as
business correspondents of
another bank.
As of March 2023, the six
operational PBs collectively
had deposits (predominantly
SB deposits) and investments
(mostly in government secur-
ities) aggregating ₹12,174
crore (₹7,829 crore as of
March 2022) and ₹12,064
crore (₹9,937 crore), respect-
ively, per RBI data. Five PBs
were profitable in 2022-23.
Far lower compared to the
number of companies that
have been able to raise
money in the last 3-4 years.
Not everybody will be able
to go for an IPO.
You spoke about the
ability to scale up
profits. Could you
elaborate?
If I have the conviction that
in the next one or two years
the profit is going to be
scaled up to a good number,
then I can do an IPO.
For example, there were
some companies which we
took public, and their
profits were very low
because of Covid-19. But
then we were looking at the
business model in a
non-Covid scenario. When
it is back to normal, can we
see a profit which is scaled
up? If we have the
conviction, then we will do
the public issue.
tion of a fraud prevention
and mitigation policy, com-
pensation to the subscriber,
invitation of applications for
new registration, and sur-
render of certificates of
registration.
On the other hand,
amendments to CRA Regu-
lations seek to simplify and
strengthen the provisions
related to the governance of
CRA in line with the Com-
panies Act, 2013 and en-
hance the disclosure of in-
formation by CRA.
Some of the notable
amendments to CRA regula-
tions include the imple-
mentation of a fraud preven-
tion and mitigation policy by
CRA to protect the interests
of subscribers and the inclu-
sion of a certificate by the
CEO in the annual report
with respect to the adequacy
and effectiveness of internal
controls, compliance, and
audit processes.
... . . . . . . ND-NDE

DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
QUICKLY.
Varaha raises $8.7 m to
spur agri decarbonisation
Bengaluru: Climatetech start-up
Varaha has raised $8.7 million as a
part of its latest funding round led
by early-stage venture capital firm
RTP Global. The company plans
to use the proceeds to
strengthen its technology, and
expand operations to new
geographies. OUR BUREAU
Ghost Kitchens India
raises $5 million
New Delhi: Ghost Kitchens India
raised $5 million in Series A
funding, which is a mix of equity
and debt. The round was led by
GVFL Ltd with participation
from NB Ventures, LetsVenture
and Lead Angels. OUR BUREAU
96eed26b-6814-45ab-804d-2e0baf8d4232
‘We are building AI models that are superior to anything out there’
bl interview
Thomas K Thomas
Mumbai
Adobe has been investing in
building AI capabilities for
last five to eight years. Re-
cently, it launched an AI as-
sistant in beta, a new generat-
ive AI-powered
conversational engine that
instantly generates summar-
ies and insights from long
documents, answers ques-
tions and formats informa-
tion for sharing in emails, re-
ports and presentations.
businessline spoke to Ab-
higyan Modi, Senior Vice-
President, Document Cloud,
Adobe on the various aspects
around AI.
Everyone is excited
about AI but many
businesses are not
prepared to go beyond
the pilots when it comes
to actual adoption. Do
India M&A activity rebounds, jumps
78% to touch $6.3 billion in January
KR Srivats
New Delhi
After hitting a three-year
low in 2023, India-involve-
ment announced M&A
activity came back in Janu-
ary 2024, jumping 78 per
cent in deal value to touch
$6.3 billion ($3.6 billion),
the latest LSEG Deals Intel-
ligence data showed.
Deal value in January
2024 was led by telecommu-
nications, industrials and
consumer staples.
However, the number of
M&A deals for the month
under review saw a 48 per
cent decline to 137 from
263 in January 2023.
The latest M&A activity
in value terms is a strong
start since January 2022,
when deal value had
touched a four-year high of
nearly $10 billion. M&A
One Point One Solutions buys Five-Star Business Finance mulls diversification
majority stake in ITCube Solutions into affordable housing, used vehicle segments
Our Bureau
Mumbai
One Point One Solutions, a
leading business process
management company, has
acquired a majority stake in
ITCube Solutions an IT and
BPM/KPO services com-
pany, for an undisclosed
amount. The acquisition will
enable One Point One Solu-
tions to expand its current
verticals, including health-
care and IT services
business.
ITCube Solutions
provides software develop-
ment, business process out-
sourcing and IT-enabled ser-
vices to customers, partners
and offices worldwide. The
company, which has offices
CM
YK
India one of the toughest markets: Uber CEO
THE ROAD TO PROFITS. Says shift in focus to affordability has helped it shed premium tag and opened up a larger market
Haripriya Sureban
Bengaluru
Ride-hailing platform Uber
signed a memorandum of
understanding (MoU) with
Open Network for Digital
Commerce (ONDC) on
Thursday to explore integra-
tion in a bid to expand its
mobility offerings.
Speaking with Nandan
Nilekani, Chairman, Infosys,
at a fireside chat in
Bengaluru, the CEO of Uber,
Dara Khosrowshahi, termed
India as “one of the toughest
markets” as Indian custom-
ers are more demanding and
less willing to pay.
AFFORDABILITY SHIFT
When asked what is exciting
about Uber in India, he
whimsically said, “India is
one of the toughest markets
out there. Indian customer is
so demanding and don’t
you see this trend
globally?
So, if you look at the techno-
logy landscape, on one hand,
there’s a question of how cool
is the technology, how cool
are the demos, and then
there’s a thing of how pro-
ductive it is.
If our end users can see
value in the technology and it
gives them real time savings
or value generation, I don’t
see any barriers to adoption.
That’s why when we bring
these technologies to market,
even if you look at things that
we have done in the Pho-
toshop space, building them
in a manner where it actually
makes the end user much
more productive, that is what
would lead to a space where
people move from pilots to
actually paying for software
and using them.
Do you think there
should be some form of
regulation for AI or do
you feel that companies
However, the
number of M&A
deals declined
by 48 per cent
compared with
January 2023
activity fell to a three-year
low in 2023 at $83.8 billion
in 2023, down 50.6 per cent
from a year ago. In 2022, the
total M&A activity stood at
$169.70 billion and $123.14
billion in 2021.
ROOM FOR OPTIMISM
Elaine Tan, Senior Analyst
at LSEG Deals Intelligence,
said, “At least two deals
above $ 1 billion from the
telecommunications and in-
frastructure sectors kicked
off the start of the year in
2024. This was unlike the
start of 2023, where no deal
in Pune and Ohio (the US), is
in the business for over two
decades. The debt-free and
profitable company has over
600 professionals servicing
the healthcare and construc-
tion sectors.
The company has over 30
leading brands across the
US, England, Netherlands,
Germany, Kuwait, Oman,
UAE, Qatar, India, Singapore
and Australia, with an im-
pressive 10+ clients serviced
in the last 15 years.
EXPANSION OF SCOPE
The consolidated turnover
of ITCube in the financial
year ended March 31, 2023,
was ₹54 crore with an
EBITDA of ₹12 crore.
Akshay Chhabra, Man-
RIDE-SHARING. Uber CEO Dara Khosrowshahi in conversation with Infosys non-executive Chairman Nandan Nilekani,
in Bengaluru on Thursday PTI
want to pay for anything.”
“India is the gateway to the
world for us. This is the
toughest market to succeed
in. When we succeed in here
India is a terrific
market. The growth
that we’re seeing in
this country is
phenomenal. I am
really excited about
both the opportunity
in this market
ABHIGYAN MODI,
Senior Vice-President, Document
Cloud, Adobe
should be allowed to
function with their own
guardrails in place so
that we strike a balance
between innovation and
protecting the users?
Adobe’s approach is twofold.
One approach is let’s do the
right thing. We have a reputa-
tion for that, and we’ll con-
tinue to go doing that. The
other aspect in which we
work very closely with the
above $ 1 billion was an-
nounced until the second
quarter of 2023”. Despite
uncertainty due to lingering
macroeconomic and geo-
political challenges, several
factors underline cautious
optimism as one enters
2024, according to Tan.
The expectations for
lower interest rates in 2024,
the use of M&A to acceler-
ate the adoption of techno-
logy and technology-en-
abled processes, energy
transition and decarbonisa-
tion, pressure to deploy
capital, and corporate port-
folio transformation to ad-
dress supply chain and re-
duce reliance in one
country are just some of the
potential drivers that could
drive activity in India, Tan
added.
“However, the upcoming
elections in India as well as
the US could still temper
aging Director, One Point
One Solutions, said the stra-
tegic move not only provides
scope for business expansion
but also signifies the com-
pany’s commitment to in-
novation, growth and solidi-
fying presence in the global
stage.
The synergies between
both companies will help
navigate future challenges
and opportunities impec-
cably, empowering to deliver
unparalleled value to clients
and stakeholders, he said.
Global healthcare BPM
market, is projected to grow
to $491 billion by 2027, at a
CAGR of 12 per cent globally.
Cost optimisation in health-
care companies is driving
growth for outsourcing.
that sets the standard for us
to succeed in so many other
markets,” he further said.
Initially rooted in provid-
ing luxury car rides, the com-
community is how do we help
end users develop trust. We
started this coalition about
content authenticity, where
we watermark content or la-
bel content so that people
can know what is legitimate.
How is India shaping up
for Adobe?
India is a terrific market. The
growth that we’re seeing in
this country is phenomenal
deal making in the short
term,” Tan said. By value,
India-involvement deals
targeting telecommunica-
tions accounted for 39.7 per
cent of the market share
worth $ 2.5 billion in Janu-
ary 2024, up 697 percent
from a year ago.
Industrials captured a
20.6 per cent market share
worth $ 1.4 billion, more
than a five-fold increase
compared to January 2023.
PE ACTIVITY SLUMPS
Private equity activity in
January 2024 slumped 45
per cent in deal value to hit
a three-year low at $ 713
million from $ 1298 million
in the same month last year.
The number of deals saw a
40 per cent decline to 93 as
against 155 in the same
month last year. In January
2022, the PE deal activity
stood at $2.85 billion.
G Balachandar
Chennai
Five-Star Business Finance
Ltd, a Chennai-based non-
banking finance company, is
looking to diversify into
newer opportunities, even
while staying focused on its
core business of providing
secured loans to ‘bottom of
the pyramid’ borrowers,
where the typical loan ticket
size is ₹2-10 lakh.
This core business is
growing more than 30 per
cent, says G Srikant, Chief
Financial Officer of the com-
pany which got listed on the
stock exchanges in Novem-
ber 2022. The company
raised ₹1,588.5 crore via its
pany now sees significant po-
tential in catering to
lower-cost products such as
three-wheelers and two-
wheelers. This shift towards
and it’s all based on
everything that you’re seeing
around which is the need for
companies to go digital, in a
manner that is effective, that
is measurable, and to build
great experiences for
customers.
The scale at which this op-
erates in India is just phe-
nomenal. I am really excited
about both the opportunity
as well as the growth we are
seeing in the market.
How significant is the
new AI assistant for Pdf
documents?
Adobe invented the PDF
format more than 30 years
back in 1993 with our
founders having a very
simple mission to make sure
that people can communic-
ate what they want to com-
municate in a reliable man-
ner. Over the years, we added
a lot of capabilities so that
people can collaborate more
effectively, whether it’s di-
gital signatures, whether it is
Warehouse leasing dipped 7%, industrial
leasing increased 23% in 2023: Report
Our Bureau
Mumbai
Warehouse leasing dipped 7
per cent in 2023 due to
lower demand from e-com-
merce firms, but industrial
leasing rose 23 per cent as
manufacturing gained mo-
mentum in the economy, ac-
cording to data from con-
sultant Cushman & TOP CITIES. Mumbai was the top ware-housing hub in 2023,
Wakefield.
Close to 38 million sq ft of
warehousing space was
leased in 2023, with a signi-
ficant portion of the demand
coming from third-party lo-
gistics (3PL) operators, as
well as manufacturing and
retail firms. The shift in leas-
ing activity indicates a pos-
sible growing trend of e-
commerce companies out-
sourcing their logistics and
warehousing operations to
3PL specialists, allowing
G Srikanth, CFO,
Five-Star Business Finance
initial IPO (initial public of-
fering). Over the past two
decades, the company has
managed to achieve some
level of financial inclusion by
bringing the borrowers in
this category to the formal
segment from money
lenders without comprom-
affordability is a major focus
for Uber, aiming to serve
smaller distances efficiently.
The emphasis on low-cost
options not only presents a
fonts, whether it’s ability to
edit a document, whether it’s
all about how you redact doc-
uments so that you don’t
make sure you make sure it’s
sensitive information does
not go out in the process.
We’ve been investing in
the space of AI for last five to
eight years and the key
reason we’ve been investing
in this area when it comes to
document is to develop a
deep understanding of the
content of a document.
Our studies show that the
amount of time that people
spend in just looking for in-
formation is huge and it takes
away time from the product-
ive work. So that’s the key
problem that we’re trying to
solve.
Did the India R&D
centres contribute to
the development of the
new AI assistant for
Acrobat and Reader?
So, if you look at our team,
half the team is in the US and
commanding a 27 per cent share of the market. Chennai followed
closely with 19 per cent
them to focus on their core
business activities, said the
report by Cushman & Wake-
field. An uptick in manufac-
turing activity and higher
capacity utilisation saw in-
dustrial leasing reach 16 msf
in 2023, the report said.
“Logistics and industrial
segment in India has defied
global uncertainties to
achieve a stable growth for
ising on asset quality and
product. In FY23, it clocked a
PAT of about ₹604 crore; in
the 9 months of 2023-24, the
net profit touched ₹600
crore.
“We can definitely grow in
the range of 30-35 per cent
year-on-year depending on
regulatory conditions. We
have a strong infrastructure
by way branch network to
drive our growth. So we will
continue to open branches as
we want to grow our busi-
ness further to emerge as
one of the big players,” Srik-
anth told businessline today.
OTHER OPPORTUNITIES
Yet, there are other oppor-
tunities of good potential the
company can’t ignore. “You
news . bl . 5
ONDC PACT
Uber’s MoU with
ONDC is to explore an
integration with the
network to expand
the range of mobility
offerings on the Uber
app
substantial business oppor-
tunity but also aligns with
the goal of making Uber ac-
cessible to a broader seg-
ment of the population,
moving away from being per-
ceived solely as an upper-
middle-class product, Khos-
rowshahi noted.
EXPANDING OFFERINGS
The CEO also talked about
the tough times faced by the
company during Covid and
the eventual bounce back.
He underscored that while
the company was making a
half the team is in India. So a
lot of this is developed in In-
dia but at the same time a lot
of this is developed in US as
well.
Adobe has so far
launched text based AI
assistants. Others like
OpenAI has already
launched text to video
AI engines. When do we
see Adobe launching a
video AI?
If you just look back over the
last weeks or months, the
amount of technology innov-
ation that has happened in
the industry and in Adobe, we
couldn’t have been in a more
exciting time ever. We think
of data, we think of model
and we think of interfaces.
We think all these three
things are super important to
create valuable technology
which customers can use. So,
if you look at our approach
with imaging, it’s about data,
it’s having the right data set
so that you can create con-
two years in a row,” said Ab-
hishek Bhutani, MD, Logist-
ics & Industrials, Cushman
& Wakefield. “This is fuelled
by a confluence of factors,
including strong economic
and industry fundamentals,
rapidly growing sectors like
manufacturing and 3PL, and
supportive government
policies like the PLI scheme.
We expect this momentum
cannot be a single product
company forever. While this
product itself has a signific-
ant opportunity, maybe
down the line, we may look at
good product diversification.
The natural progression will
be towards affordable hous-
ing and affordable used
vehicles, among others. We
will look for the inorganic
opportunity in the product
diversification journey,” he
added.
Srikanth asserted that
Five-Star would never get
into unsecured products as
the DNA of the company is to
be on the secured portfo-
lio. The company believes af-
fordable housing and used
vehicles would be comple-
mentary products.
$3-million burn, difficult de-
cisions like laying off em-
ployees had to be made.
Uber’s MoU with ONDC
is to explore an integration
with the network to expand
the range of mobility offer-
ings on the Uber app. The
agreement with ONDC
stands to strengthen Uber’s
mission of bringing safe, af-
fordable and reliable rides to
all Indians, the company
said.
Prabhjeet Singh, Presid-
ent, Uber India and South
Asia, said, “Our vision for
Uber in India is to serve the
mobility needs of all Indians.
This is in line with ONDC’s
objective of democratising
digital commerce. We are ex-
cited to take our first step
through this MoU with
ONDC to explore how we
can accelerate our ambition
to make Uber a platform for
every Indian’s daily mobility
needs.”
96eed26b-6814-45ab-804d-2e0baf8d4232
tent people can use in com-
mercial applications.
It’s about building in-
dustry grade, first class mod-
els which are superior to any-
thing else out there. And then
lastly, but more importantly,
the integrations that we have
with our product, so that
leads to product capabilities.
When you bring all these
three things together, that’s
where the power of customer
unlocks.
So, we’re developing our
own pretty awesome video
models. We haven’t an-
nounced them yet, but we
would be announcing them,
but the same time, what is
more important to us is how
do we build this entire work-
flow where customers are
able to put these things to-
gether in a way so that they
can actually create and do
that last mile of work where
they are able to actually take
this and say, ok, this now
works in the way I want it to
work.
to continue in 2024, solidify-
ing L&I as a key driver of In-
dian real estate growth.”
LEASING IN CHENNAI
Mumbai was the top ware-
housing hub in 2023, com-
manding a 27 per cent share
of the market. Chennai fol-
lowed closely with 19 per
cent, while Delhi and Pune
held 18 per cent and 12 per
cent shares, respectively.
However, Delhi-NCR saw a
noticeable decline in activ-
ity, likely due to fewer major
space transactions in the lat-
ter half of the year, the re-
port said. “
Overall leasing activity in
Chennai more than doubled
last year at 10.37 msf, of
which warehouse leasing ac-
counted for 6.97 msf. In the
sub-market of Oragadam,
gross leasing reached 2.14
msf, a fivefold growth com-
pared with 2022.
HCLTech extends
tie-up with
Intel Foundry
S Ronendra Singh
New Delhi
Noida -based HCL Technolo-
gies (HCLTech) on Thursday
said it is expanding its long-
standing collaboration with
Intel Foundry to co-develop
customised silicon solutions
for semiconductor manufac-
turers, system original equip-
ment manufacturers (OEMs)
and cloud services providers
to enhance foundry services
across the world.
This collaboration aims to
meet increasing global de-
mand for semiconductor man-
ufacturing, catering to the di-
verse silicon needs of clients,
by providing them with a ro-
bust and inclusive ecosystem
for semiconductor sourcing.
... . . . . . . ND-NDE
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businessline.
FRIDAY - FEBRUARY 23 - 2024

At WTO meet, India HIGH STAKES. Developed nations likely to

target fisheries subsidies and agriculture. India

could face pressure

FRIDAY - FEBRUARY 23, 2024
must play its cards well, else it would affect the
livelihoods of the poor and food security
Lessons from Chandigarh
Subversion of electoral process is unpardonable
he Supreme Court has made an

T unprecedented intervention in the

Chandigarh mayoral election. Coming as it
does just months ahead of the general elections, the
lengths to which the bench comprising Chief Justice
DY Chandrachud, and Justices JB Pardiwala and
Manoj Misra went to ensure the integrity of the
electoral process sends a clear message. It was a case
in agriculture exports (Cairns Group), its interest in future negotiations on 1986-1994, is not riddled with so many
of one political party subverting the electoral process. have blocked any meaningful progress on agriculture. In respect of fisheries asymmetries and imbalanced provisions.
this issue. subsidies, we can expect finishing The Investment Facilitation for
The Court proved that it would not shy No doubt, on account of the Bali Peace touches to be given to the negotiations on Development text, is an outcome of a
away from going the extra mile to protect the Clause and the subsequent 2014 decision subsidies that contribute to Joint Statement Initiative at the MC11 in
JAYANT DASGUPTA
sanctity of democratic institutions and ABHIJIT DAS
of the WTO General Council, India’s over-capacity and over-fishing. What is Bueno Aires (2017) by a group of
processes. On the face of it, elections in a scheme of minimum price support on the negotiating table provides little developed nations (except the US) and
enjoys some degree of immunity from assurance that those who are historically some developing countries. Having failed
small municipality hardly merit national

W
ith the 13th
attention. But the circumstances of this Ministerial
particular case were alarming. In the polling Conference of the
held on January 30, the BJP had 14 WTO (MC13) to be
councillors in the 35-member House and an held during February
26-29, what is at stake for India?
additional vote of the Chandigarh MP Kirron Divergence among WTO members on
Kher who is an ex officio member of the many issues has created considerable
96eed26b-6814-45ab-804d-2e0baf8d4232
legal challenge from other WTO
members. However, repeated attempts
are being made, particularly by the US
and the Cairns Group, to chip away at
these two outcomes. This could, in the
future, put some fetters on India’s public
stockholding programme. In order to
have legal certainty and put to rest these
responsible for the problem of
over-exploited fish stocks will take any
meaningful disciplines on their large
industrial fishing fleets. The negotiating
document contains multiple loopholes
that would allow countries with large
industrial fishing fleets to continue to
provide unlimited amounts of
to get a consensus-based negotiating
mandate on the issue at MC11, these
countries decided to negotiate a text
outside the WTO and bring back the final
outcome to the WTO for its inclusion as a
legitimate plurilateral agreement. India,
South Africa and many other developing
countries have not participated in the

96eed26b-6814-45ab-804d-2e0baf8d4232
House. The Shiromani Akali Dal’s one vote uncertainty about the likely outcomes at attempts, it is imperative that at MC13 capacity-enhancing subsidies and other exercise on principle. Irrespective of the
was also in favour of the BJP. On the other MC13. However, if the developed India negotiates hard for a permanent support to their marine fishers. Further, content of the present draft text, if it were
countries have their way, as has generally solution to the problem of public no effective discipline is envisaged on allowed to become a part of the WTO in
side, AAP had 13 councillors. But it had been the case in most of the previous stockholding. countries that engage in distant water MC13, it would create a new paradigm
stitched up an alliance with the Congress Ministerial Conferences of the WTO, it While impeding any progress on the fishing — one of the main reasons for for future negotiations among WTO
which had seven, making this the first would create considerable challenges for issue of public stockholding, the dwindling fish stocks. members — jettisoning a multilateral
tangible test of the INDIA grouping. India and many other developing developed countries and the Cairns consensus-based approach in favour of a
countries. The outcomes in two areas — Group are making concerted efforts to PUSHED INTO A CORNER cherry-picking plurilateral one, loaded in
Together, they had a clear majority of 20. But fisheries subsidies and agriculture — secure a commitment at MC13 to initiate On the other hand, countries such as favour of developed countries.
the returning officer Anil Masih, who is a could have implications for food security comprehensive negotiations on different India and Indonesia, which did not create In conclusion, given the high stakes
member of the BJP’s minority cell, declared and livelihoods of hundreds of millions of pillars of agriculture. It is apprehended the problem in the first place, appear to involved in the negotiations on
eight votes invalid and the BJP emerged poor and hungry in India. There is also a that the subsequent negotiations based have been pushed into a corner to protect agriculture and fisheries subsidies, at
victorious. The Congress and AAP candidate systemic issue — Investment Facilitation on a possible MC13 mandate would their ability to grant subsidies to low MC13 we can expect India to talk tough
for Development — which could have an witness attempts at going back to the income, resource poor fishers, who fish on these issues. However, this will not be
moved the Punjab and Haryana High Court important bearing on how business is drawing board and finalising negotiating beyond 12 nautical miles. Further, an enough. In order to secure its interests
and later the Supreme Court with a video conducted at the WTO in future. What is modalities that might be very different outcome based on the present and those of many other developing
showing Masih had tampered with the ballot happening at the negotiating table and from what were generally agreed upon negotiating text will constrain the ability countries, especially on the systemic
papers. what are the prospects on these critical during the Doha Round, which contained of these countries to build industrial issue of the future path of negotiations at
issues at MC13? important flexibilities for many fishing fleets in the future, as they would the WTO, India would also need to create
The BJP was prepared with what they In agriculture, India and many other developing countries. With no certainty be prohibited from providing any abroad-based coalition of like-minded
presumed would be the outcome — the Court developing countries are caught in a twin that these flexibilities would be included government support for this purpose countries. India may also need to
would declare this election invalid and there trap — no progress in issues of their in new negotiating modalities, India is beyond a negotiated transition period. leverage its growing close political ties
would be a re-election. That three AAP interest, but being pushed to agree to a likely to be extremely hard put to protect The negotiating text, seen from a holistic with the UAE, whose minister will chair
negotiating mandate that would perspective, would preserve the the forthcoming WTO meeting, to
councillors have since joined the BJP does promote the interests of agri-business of commercial advantage of countries that ensure that the interests of millions of
not appear to be a coincidence. Be that as it countries with large-scale commercial On the systemic issue of have large industrial fishing fleets, but small and poor farmers and fishermen, in
may, the judges waded right into what they farming. the future path of would erect barriers to the entry of new alarge number of developing countries,
described as a clear case of “subterfuge”, Despite the persistent efforts of India players from developing countries. are not jeopardised by the outcomes of
and a large number of other developing negotiations at the WTO, Clearly, the proposed agreement, as it MC13 at Abu Dhabi.
playing the video depicting the returning
officer’s tampering with the ballot papers in
countries over the past decade, we are no India would need to create stands today, is likely to be
closer to achieving a permanent solution anti-development and pro-developed Dasgupta is a former Ambassador of India to the WTO, and
the open court. Masih was asked to depose to the problem of food security. The US a broad-based coalition of countries. Even the existing Agreement Das is an expert on WTO and international trade. Views are
before the bench which questioned him about and a group of countries having interest like-minded countries. on Agriculture, negotiated during personal
each of the ballot papers. The Court used its
power under Article 142 of the Constitution
to do “complete justice”. “This Court is
duty-bound in exercise of its powers to do
complete justice under Article 142 to ensure
that the process of electoral democracy is not
Demand for guaranteed MSP is justified
thwarted by such subterfuge. Allowing such a
state of affairs to take place would be
Experts who argue against it citing fiscal impact misrepresent the concept. Farmers need it as an insurance against uncertainty
destructive of the most valued principles of to pay more. This scenario perpetuates government intervention is unnecessary.
democracy our country depends on,” said P Alli middleman profiteering at the expense
Chief Justice Chandrachud. of farmer welfare. Therefore, farmers in THE WAY FORWARD

This was the “exceptional circumstance”
forcing the Court to act literally as a
returning officer, count the eight invalidated
votes as valid and declare the AAP candidate
as winner. The Court has initiated
proceedings against the returning officer.
This action comes as timely reminder that
sanctity of the electoral process is central to
the functioning of institutional democracy.
Such malpractices tend to undermine
confidence of the people in the electoral
process. That’s why the apex court’s
intervention becomes crucial.
POCKET
T
he demands of the protesting
farmers of Punjab and Haryana
are multifaceted, with the
primary focus being on securing a legal
guarantee for minimum support prices
(MSPs). Despite being a long-standing
demand, there remains ambiguity
regarding its precise implications. This
lack of clarity has fuelled fear-mongering,
with exaggerated concerns raised about
the fiscal implications and potential
monopolisation of agricultural trade.
Similar apprehensions were raised
during the implementation of the
National Food Security Act and the
National Rural Employment Guarantee
Act, yet neither of these legislation
resulted in government bankruptcy.
MSP serves as a straightforward
mechanism aimed at ensuring price
RAVIKANTH stability for essential agricultural
commodities. Its primary purpose is to
shield farmers from the fluctuations in
prices through government
interventions. It has been in existence in
India for more than five decades. Why,
then, are farmers asking for a legal
guarantee? Are the farmers being
irrational in demanding a guaranteed
MSP?
It is crucial to emphasise that farmers
often do not receive a fair share of the
returns from the seemingly high prices at
which their produce is sold. Urban
consumers, particularly among
higher-income groups, are often willing
rural areas require greater protection
through price-based mechanisms like
MSP to mitigate these inequalities.
CONFLICTING VIEWS
Meanwhile, many experts caution
against enshrining the MSPinto law.
They argue that it would essentially
mean that no one could purchase crops
below their MSP, potentially disrupting
market dynamics and inadvertently
harming farmers in the long run.
The concern revolves around the
fundamental principle that prices are
primarily determined by the interplay of
demand and supply dynamics. During
times of surplus, such as harvest seasons,
prices naturally decline to balance the
market. If the MSP exceeds this
market-clearing price, private buyers
may be unwilling to purchase the
produce. Consequently, the burden falls
on the government to step in as the buyer
of last resort. Failure to do so could leave
farmers without buyers for their crops,
exacerbating their already precarious
situation. Thus, while the intention
behind legalising MSP may be to
safeguard farmers' interests, the
practical implications could
inadvertently lead to adverse outcomes,
they argue.
Another concern surrounding the
legalisation of MSP is the apprehension
regarding the fiscal burden required to
uphold such a guarantee. Large figures to
FARM PRODUCE. Not all sold in market
the tune of ₹10-18-lakh crore have been
floated. Most of these assumptions are
based on a poor understanding of
agricultural markets or the role of MSP in
stabilising prices.
The notion that implementing a
guarantee for MSP would necessitate the
government to procure all agricultural
produce is flawed for two primary
reasons. First, not all agricultural
produce is sold in the market; farmers
keep some for self-consumption, seed,
and livestock feed. Hence roughly only a
fraction of the produce is available in the
market, generally referred to as the
marketable surplus. Second, even with a
marketable surplus, government
intervention is warranted only when the
market price of a commodity drops
below the MSP. However, intervention is
needed only to the extent that it
generates excess demand and lifts
market prices, often affecting only a
fraction of total market arrivals. In
periods of high market prices,
MSP is not merely a government
handout but rather the bare minimum
necessary to safeguard the peasantry
from devastation and destitution. It
functions as an insurance policy against
uncertainties. A guaranteed MSP offers a
good opportunity to rectify the
imbalances in the MSP and procurement
system. The existing procurement
framework is confined to specific
geographical regions and is primarily
focused on rice and wheat. To mitigate
regional imbalances in agricultural
productivity, there’s a pressing need for a
more diversified and expanded MSP that
encompasses a wider range of crops.
Such an approach would not only bridge
regional disparities but also stimulate
investment, expansion, and
enhancement of storage management
practices. Additionally, it would facilitate
crop diversification, crucial for effective
natural resource management.
Using an income policy on a
per-hectare basis to directly transfer
funds into farmers’ accounts could be a
more effective approach than relying
solely on higher MSPs or
procurement-driven policies. Improving
transparency in land records can aid in
accurately identifying tenants and
landowners, enhancing the efficiency of
this income transfer mechanism.
The writer is Associate Professor in Economics,
VIT Chennai

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, 859-860, Anna Salai, Chennai 600002.

Taxpayers burdened
For the second consecutive year
personal income tax collections have
been higher that of corporate tax.
This may be true of developed
countries, but how many people in
India pay income tax? Which means
the burden on the individual
taxpayer is higher than in most other
countries. Corporates have the
facility of shopping for the countries
with least amount of tax, which is
denied to individuals. Corporate
loans are easily written off while in
other cases the government pleads
inability to do so because of financial
constraints. The rich corporates get
the best deals while middle class
individuals are given lectures on
nation building and their duties as
citizens.
Anthony Henriques
Mumbai
Fitting verdict
Apropos ‘SC allows Vedanta to
refurbish Thoothukudi Sterlite plant’
(February 22). This decision of the
apex court after six long years of
uncertainty must be welcomed by
both the industry and labour force as
also the government of the day. It is
time all the stakeholders forget the
unpleasant incidents of the past and
marched ahead by running the
copper plant optimally, without
compromising on pollution issues.
Rajiv Magal
Halekere Village, Karnataka
Financing healthcare
This refers to ‘Bridging healthcare
gaps’ (February 22). Bridging the gap
between healthcare professionals
and communities is a difficult task.
Improved health outcomes require
action involving many participants
and sectors. Coordination among
the participants is one of the
challenges of multi-sectoral action.
One of the tools used for such action
is financial incentives.
In a decentralised context, there is
often tension between the Finance
and Health Ministries regarding what
rules of public financial management
should be applied. The common
areas of disagreement include
earmarking revenues, formula-based
budget allocations, output-based
provider payments, and greater
autonomy of healthcare providers.
P Sundara Pandian
Virudhunagar, TN
Remembering Nariman
In the passing away of Fali Nariman,
India has lost an exceptionally
dedicated warrior-general of
constitutional democracy. For him,
the four pillars enshrined in the
Preamble to the Constitution,
namely, Liberty, Equality, Fraternity
and Justice, represented the essence
of India’s civilisational values.
And he was unequivocal in absolute
defence of Fundamental Rights. And
he wrote in his autobiography: “I
have lived and flourished in a Secular
India.... In the fullness of time, if God
Wills, I would also like to die in a
Secular India.”
RIP Fali Nariman.
Angara Venkata Girija Kumar
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., Chennai-600002. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528

CM
YK . . . . . . . . ND-NDE
 think . bl . 7
DELHI

businessline.
FRIDAY - FEBRUARY 23 - 2024

Implications of recession
Japan’s slump could hurt as well as benefit India
A food security ordeal at WTO
STRUGGLE AHEAD. WTO’s calculation of food subsidies is unfair to India. Rich nations are allowed to give higher subsidies
P Saravanan
India secured some relief through the

J
apan’s economy has Peace Clause at Bali (2013), which
contracted for a second temporarily allowed developing
straight quarter countries to exceed subsidy limits until a
documenting broad-based fall in AJAY SRIVASTAVA permanent solution was found. A
domestic demand and public subsequent General Council Decision in
spending. The Japanese 2014 and the Nairobi Ministerial

government reported that their
economy shrank at an annual rate
of 0.4 per cent in October to
December quarter, according to
Cabinet Office data on real GDP
released recently, though it grew
1.9 per cent for all of 2023. It
contracted 2.9 per cent during
July-September.
Japan’s economy is now
officially stepped into recession
and it adds pressure on its central
bank the Bank of Japan, to raise
interest rates for the first time
since 2007. The Bank of Japan
kept overnight interest rates at
minus 0.1 per cent at its most
recent policy meeting in January
2024.
Japan was historically
considered as an economic
miracle as she raised from the
ashes of World War II to become
the second largest economy after
96eed26b-6814-45ab-804d-2e0baf8d4232
JAPAN ECONOMY. Recessionary
morass REUTERS
projected growth rate of 6.2 per
cent in 2024.
India is currently the world’s
fifth largest economy trailing
behind the US, China, Germany
and Japan. The GDP figures for
2023 stands for the US at $27.94
trillion and China at $17.5 trillion
while India’s GDP is currently
around $3.7 trillion and its
growth rate remains robust.
Multinational companies now
view India as an attractive
destination for diversifying their
supply chains.
T
he Minimum Support Price
(MSP) is an issue with
conflicting viewpoints:
farmers demand a legal
guarantee for MSP and seek
higher rates for various crops,
contrasting with the World Trade
Organization's (WTO) stance.
The WTO contends that India's MSP
support exceeds the limits allowed
under its Agreement on Agriculture
(AOA), highlighting a significant discord
between domestic agricultural policies
and international trade agreements.
Defending the government's right to
purchase foodgrains from its farmers at
the MSP for the Public Stockholding
Programme (PSH) will be the most
critical issue for India at the 13th
Ministerial Conference of the WTO
(MC13). MC13 will take place in Abu
Dhabi from February 26-28.
The PSH has three components. The
government buys foodgrains from
countries) or the agreed reduction
commitments. The Blue Box is an
exemption to the Amber Box. It covers
subsidies that are tied to programs that
limit production.
The three-box system looks logical in
the first glance, but a significant part of
AOA provisions discriminate against
developing countries and legalise the
higher support given by developed
countries to their farmers.
For example, consider the AOA
formula for calculating subsidy or
whether it was actually bought. Taking
the cue, the US argues that since India's
MSP policy doesn't limit how much rice
the Government can purchase, all of
India's rice production should be
counted as eligible for subsidy
calculations. However, India considers
the quantity actually bought under the
MSP program.
The exchange rate between the US
dollar and the Indian Rupee (INR) has
increased from 13.5 in 1986-88 to 83
currently. India calculates its subsidy
Conference in 2015 also extended the
“peace clause” indefinitely with minor
modifications.
The peace clause offered some relief
but was limited and had strict
transparency requirements. India
argues that its PSH program is primarily
aimed at supporting poor farmers and
vulnerable populations, not distorting
trade. India and other developing
nations are fighting for a permanent
solution.
AOA favours developed countries.
AOA permits countries that provided
high subsidies during 1986-88 to
continue providing these subsidies with
minimum restrictions.
As a result, today, the US and the EU
continue to provide over 50 per cent and
65 per cent support for specific crops
and still comply with AoA rules. India is
considered non-compliant for providing
15 per cent price support. AoA also
permits developed countries to

the US. It kept that going through
the 1970s and 1980s. In the last 30
years the economy has
occasionally grown moderately,
mainly remaining in the doldrums
after the collapse of its financial
bubble began in 1990.
Japan’s economy is powered by
strong small and medium-size
businesses with solid productivity
and generation of employment
with a greater multiplier effect.
Japan’s economy was the second
largest until 2010, when it was
overtaken by China. Japan’s
nominal GDP was $4.2 trillion last
year, while Germany’s was $4.4
trillion. Japan became the world’s
fourth-largest after it contracted
in the last quarter of 2023 and fell
behind Germany.
Similarly, Britain also
contracted late last year. Britain
reported recently that its
economy entered a technical
recession in October-December,
shrinking 0.3 per cent from the
previous quarter. The quarterly
decline followed a 0.1 per cent fall
in the previous three-month
period.
THE FLIPSIDE
However, on the negative side
Japan being a key trading partner
and investor, a recession there
could affect the Indian exports
across sectors such as
automobiles, electronics, and
machinery.
Any fluctuations in the value of
the yen against the Indian rupee
could influence India’s import
costs. Japan’s slowing down its
R&D spending or innovation
initiatives might indirectly hit
India’s tech sector, disrupting
collaborations, and technology
transfers.
Owing to the interconnected
nature of global financial markets
volatility stemming from Japan’s
economic challenges could have
implications for investment flows
too.
To conclude, with the gap
between developed nations and
emerging economies becoming
narrow, India is in a pivotal
position to capitalise the current
opportunity to become a
significantly player in the global
economic ecosystem.
farmers at pre-announced MSP stores
and distributes these foodgrains to over
80 crore poor people at free or
subsidised rates through schemes like
the Pradhan Mantri Garib Kalyan Anna
Yojana.
While food storage and distribution
are consistent with the AOA rules, MSP
faces many restrictions.
Let us first understand how the AoA
categories subsidies for agriculture
through Amber, Blue, and Green colour
boxes.
The Green Box includes payments for
research, disease control, infrastructure
development, and direct payments to
farmers unrelated to the volume of
production or prices. These are
considered to cause no or minimal trade
distortion.
Payments similar to MSP, considered
to distort production and trade, fall
under the Amber box. The total value of
Amber Box supports must not exceed
the de minimis levels (5 per cent of
production value for developed
countries and 10 per cent for developing
Market Price Support (MPS). The MPS
is the gap between a fixed external
reference price and the applied
administered price or MSP multiplied by
the production quantity eligible for the
MSP.
To calculate price support for rice, the
AoA uses a fixed external reference price
of $262.51 per tonne. This price is based
on the export or import price of rice
from 1986 to 1988 and remains
unchanged. Comparing the MSP with a
35-year-old reference price results in a
higher calculated subsidy share.
The AoA defines “eligible production”
as the amount of produce that is fit or
entitled to receive the MSP, regardless of
India’s minimum
support price regime is
aimed at supporting poor
farmers and vulnerable
consumers and does not
distort the agri market
figures in US dollars, benefiting from the
weakening INR. However, the US argues
that India should use the INR for these
calculations to avoid benefits from
currency depreciation. Using the US
logic, India initially notified its data to
WTO in INR. The AoA does not specify
that calculations must be in a specific
currency.
BREACH OF AOA THRESHOLDS
Based on the above logic, the US and
many other countries argue that India's
MSP support for wheat and rice exceeds
the maximum 10 per cent price support
permissible under the AoA.
In 2020-21, India reported its price
support at about 15 per cent, but the US
claims the support was 93.4 per cent.
The US alleges that the high support has
made India the top rice exporter, with 40
per cent of the global market share.
India has pointed out the flawed AOA
methodology for calculating support.
The table compares the data used by
India and the US for calculating
subsidies
96eed26b-6814-45ab-804d-2e0baf8d4232
maintain higher export subsidies on
similar grounds, resulting in excess
production and lower global agricultural
prices.
If market prices are higher than the
MSP, trade will take place at market
price. If market prices are lower than the
MSP, no trade of crops brought under
MSP will be feasible. So MSP cannot
distort trade. The AOA doesn't follow
such simple logic.
The United Nations’ Food and
Agriculture Organization predicts cereal
imports from developing countries
could triple in the next 30 years. The
AOA system is designed to force
developing countries towards this
objective at accelerated pace.
India is lucky to be self-sufficient in all
agriculture and food items except
vegetable oils. A robust MSP, high
import tariffs on sensitive items and
resisting pressure to open the domestic
agriculture sector to subsidised imports
will be crucial for preserving India's food
security.
The writer is the founder Global Trade Research Initiative

INDIA IMPACT
IMF expects India’s economic
output to surpass that of Japan
and Germany by 2026 and 2027
India is now in a unique
position to contribute
substantially to the growth of the
AI-generated mistrust threatens research ambience
Atanu Biswas accustomed to it. However, this could thousands of years, data fabrication
global economy in the coming
years. be an example of how AI subtly taints and other forms of scientific

I
respectively if the current trend Indian policymakers and n her recent article in Nature,
continues. businesses should closely Elizabeth M. Wolkovich, an
Further, World Economic monitor the current situation and associate professor of forest and
Situation and Prospect Report of skilfully leverage it to our benefit. conservation sciences at the University
2024 states that India is expected of British Columbia in Vancouver,
to sustain its position as the faster The writer is a professor of finance and detailed how a peer reviewer accused
growing large economy with a accounting at IIM Tiruchirappalli her of using ChatGPT to produce a
manuscript. Even though she hadn’t,
her paper was nevertheless rejected.
Editors often forward research
papers to one or more reviewers for
thehindu businessline. peer review when they are sent to an
academic journal for potential
TWENTY YEARS AGO TODAY. publication. For a work to be accepted
for publication, reviewers typically
February 23, 2004 need to be satisfied. Additionally, the
author(s) must satisfactorily respond
BSES to make preferential offer to Reliance group, FIs to the reviewers’ questions, concerns,
The board of BSES Ltd – the company to be relaunched next week as Reliance and suggestions.
Energy – today approved a preferential offer of equity shares and or equity “Obviously ChatGPT,” one reviewer
related securities to the Reliance Group and major institutional shareholders, stated about Wolkovich’s paper. The
to generate resources for future growth. handling editor thought “the writing
style unusual,” thus only obliquely
M&M mulls assembly line in Indonesia agreeing with the reviewer. Wolkovich
Mahindra and Mahindra is considering setting up an assembly line for its utility uses LaTeX, a typesetting language, to
vehicles in Indonesia. “Indonesia is a key market for us in East Asia, and we are produce her articles, and her text
exploring the possibility of setting up an assembly line for our utility vehicles change history is accessible on GitHub.
there,” said Mr Anand Mahindra, ViceChairman and Managing Director. However, even if she didn’t have this
evidence, how can an editor or
Hind Motors to launch LCV reviewer call someone out for being a
Hindustan Motors Ltd (HM) will roll out a light commercial vehicle (LCV) from chatbot when they haven’t seen any
its Uttarpara works within the next six months. The engine technology has proof?
been obtained from an “Indian partner”, according to Mr S. Burman, In academia, having a work rejected
Vice-President (Marketing). Mr Burman told newspersons after the by a journal is quite common; scholars
inauguration of Kolkata Auto Fair 2004 that the LCV would be a six-tonner and worldwide have grown very
the product would be rolled out within the next six months.
science without even trying. Worries
about AI gaining control over
humanity, its ability to supercharge
misinformation, and its propensity to
support subtle forms of bias and
inequality are common.
However, according to Wolkovich,
“ChatGPT corrupted the whole
process simply by its existential
presence in the world.” The idea that
reviewers and editors were so
indifferent to the submission of
content generated by AI astounded
her.
The conflict between technology,
transparency, and humanity was
succinctly expressed by author Yuval
Noah Harari in a 2018 Atlantic article:
“Lots of mysterious terms are bandied
about excitedly in Ted Talks, at
government think tanks, and high-tech
conferences – globalization,
blockchain, genetic engineering, AI,
machine learning – and common
people, both men and women, may
well suspect that none of these terms is
about them.” However, they are.
One of AI’s dangerous avatars,
deepfakes, for example, is causing the
world to enter its greatest crisis as they
continue to blur the lines between
“real reality” and “fake world.”As early
as 2018, American law professors
Bobby Chesney and Danielle Citron
coined the phrase “liar’s dividend.”
ARTIFICIAL INTELLIGENCE. Eroding
trust/ISTOCKPHOTO
Simply put, Chesney and Citron stated,
“a sceptical public will be primed to
doubt the authenticity of real audio
and video evidence.”
In a May 2023 New York Times piece,
one of the “godfathers of AI,” Geoffrey
Hinton, spoke of “bad actors” who
would attempt to utilise AI for “bad
things.” Yes, that is something we’re
worried about. But as Robert Hall
noted, “Just as daunting is what if it
remains in the hands of us – the good
guys. The evidence is convincing that
just as we have allowed current and
previous generations of technology to
erode our relationships, AI will only
erode them further.”
A great deal of science relies on trust
and faith in the ethics and integrity of
researchers. It’s true that, maybe for
misconduct have been prevalent. But it
would be truly dystopian if we began to
distrust everyone’s research findings
and writings.
AI-generated photos are now so easy
to create that these days, we often
search for indications of AI’s touch
whenever we view a painting or photo.
We know that some novels have
already been created with the
assistance of generative AI. We might
soon stop believing that stories, essays,
and poems are original creations of
writers or poets. And that will be the
greatest AI-caused casualty.
Not all college students used to do
assignments and projects in an honest
manner in the past. We were aware
that some students would turn to their
friends, seniors, the internet, and even
professionals for assistance.
However, we never considered it a
serious enough problem to cause
system instability. But colleges and
universities all across the world are
having difficulty reframing their
assignments in the ChatGPT era. The
general distrust that ChatGPT has
bred across society is rooted in the
worry that students may use LLMs.
Perhaps this represents the most
severe harm inflicted by generative AI.
The writer is Professor of Statistics, Indian Statistical
Institute, Kolkata

BL TWO-WAY CROSSWORD 2382

EASY
ACROSS
01. Perfume (9)
05. A rocky height(3)
07. Taverns (4)
08. A pedestrian walk-over (8)
10. Manufacturer of playthings (8)
11. A conspiracy (4)
13. Devils (6)
15. Abrupt, all at once (6)
18. In short, an instruction
not to (4)
19. Righteous prig (8)
22. Extent of reporting on (8)
23. To start from sleep (4)
24. Masculine address (3)
25. All-in fighters (9)
NOT SO EASY
DOWN
01. Coquetted (7)
02. Pester somebody (5)
03. Tended the sick (6)
04. Irish (4)
05. Gave a run of
bird-song (7)
06. The Conservative side (5)
09. Knowing, shrewd (5)
12. Wall-painting (5)
14. A white fur (7)
16. Talks idly (7)
17. Cross-piece on a rope (6)
18. Shortens dog's tail (5)
20. Angry (5)
21. Expand (4)
ACROSS
01. Pleasant smell produced by student fund-raising event in Gaul (9)
05. Moorland height spelling the reverse of decay (3)
07. In two directions there are hostelries (4)
08. Going over the rood, mixing gin (8)
10. He may be one of the top manufacturers (8)
11. A scheme devised for a bit of land (4)
13. Devils show the way of working in thieves' kitchens (6)
15. All at once nudes are shown playing around beginning of
December (6)
18. Instruction not to put something on on time (4)
19. One sticking to ethical rules of the viva voce in obscurity (8)
22. Extent it is dealt with when finished in prison (8)
23. Will come to life at the funeral party (4)
24. Knightly address shared by schoolmaster (3)
25. Those who keep throwing in their bouts (9)
DOWN
01. Was playful in an amorous way (7)
02. Any inclusion of negative will rattle one (5)
03. Tended to make us rend it anyhow (6)
04. Irish seer turns to it (4)
05. Turned tiller to starboard finally as one sang (7)
06. Offside but, when considered separately, correct (5)
09. Is knowing one is able to go to New York (5)
12. Picture doesn't get hung, it already being on
the wall (5)
14. Fur of vermin one made up (7)
16. Idly talks about art and gets sent about it (7)
17. A fastener got up for broken leg (6)
18. As one puts into port, stops it from one's wages (5)
20. Angry with one, scold the rest (5)
21. What can a farmer do but get bigger? (4)

SOLUTION: BL TWO-WAY CROSSWORD 2381

ACROSS 1. Seldom 4. Specks 9. Resolve 10. Extra 11. Nail 12. Fuss 13. Rod 15. Goth 16. Coop 19. Lot 21. Bolt 22. Iris 24. Napoo 25. Vertigo 26. Expend 27. Weighs
DOWN 1. Spring-balance 2. Lasting 3. Oils 5. Peep-show 6. Cater 7. Snap decisions 8. Demur 14. Stubborn 17. Parting 18. Glove 20. Top up 23. Free

CM
YK ... . . . . . . ND-NDE
 8 . bl . market.radar
DELHI
For BSE/NSE live quotes, scan
the QR code or click the link businessline.
https://bit.ly/2FpossK FRIDAY - FEBRUARY 23 - 2024

QUICKLY.
South Indian Bank board
okays ₹1,151-cr rights issue
Jefferies sees Indian equities’ SpiceJet raises additional
₹316 cr from non-promoters
market-cap hitting $10 t by 2030 Our Bureau
Bengaluru

Chennai: The board of South
Indian Bank has approved rights
issue worth ₹1,151.01 crore. The
company will issue about 52.32
crore at ₹22 a share to eligible
shareholders as on February 27.
Shareholders are entitled one
share for every 4 held. The stock
surged 9.7 per cent to ₹35.70 on
the BSE. OUR BUREAU
ICICI Mutual rolls out Nifty
LargeMidcap 250 Index Fund
Chennai: ICICI Prudential AMC
on Thursday launched Nifty
LargeMidcap 250 Index Fund.
The NFO closes on March 7.
This index represents all
companies from Nifty 100 and
Nifty Midcap 150 universe. The
index is re-balanced on a
96eed26b-6814-45ab-804d-2e0baf8d4232
BOLD PREDICTION. GDP likely to touch $5 t; country to become 3rd largest economy by 2027, says global advisory firm
KS Badri Narayanan
Chennai
Jefferies, a global invest-
ment advisory firm, has
turned more bullish on In-
dia’s prospectus over the
next 10 years. According to
Jefferies, India will be the
third-largest economy by
2027.
Over the last 10 years, In-
dia’s GDP has grown 7 per
cent CAGR to $3.6 trillion -
jumping from the 8th largest
to the 5th largest economy.
“Over the next 4 years, In-
dia’s GDP will likely touch
$5 trillion making it the 3rd
largest economy by 2027,
overtaking Japan and Ger-
many, being the fastest
growing large economy with
the tailwinds of demograph-
ics (consistent labour sup-
ply), improving institutional
strength and improvement
in Governance,” it added.
India’s market cap is cur-
rently the 5th largest glob-
ally ($4.5 trillion) but India’s
weight in global indices is
still low at 1.6 per cent (10th
rank). “This should change
as market free float rises and
some weight anomalies get
sorted out. Assuming mar-
ket returns in line with the
last 15-20 year history and
new listings, India will be-
come nearly a $10 trillion
market by 2030 - impossible
for large global investors to
ignore,” the report added.
KEY REFORMS
Some of the key reforms
such as GST implementa-
WHY THE THUMBS-UP
 Improvement in governance,
reforms such as GST, RERA,
UPI
India’s weight in global
 story as good as any, said
indices to grow from current
1.6% once some anomalies
get sorted out
 The bottom-up story remains
as dynamic as ever with
booming local asset
management industry
tion in 2017 (simplified taxa-
tion and improved trade effi-
ciencies, akin to the
formation of Euro); bank-
ruptcy reforms (drove a
massive cleaning up of cor-
porate and banking sector
balance sheets and improved
governance); RERA (Real
Estate Regulation Act)
(cleaned up housing sector
laying the foundation for a
multi-year housing upcycle);
Govt’s focus on physical
(Roads, airports, railways
etc); and digital infra (UID,
UPI, DBT) have helped the
start-up eco-system, the re-
port, authored by among the
others veteran Christopher
Wood, said.
India now has a macro
Wood.
Amidst this, “it is quite
realistic to project 7 per cent
real GDP growth and 12-15
per cent earnings growth go-
ing forward, as argued in this
report.
Meanwhile, the bottom-
up story remains as dynamic
as ever with a flourishing
start-up scene and a boom-
ing local asset management
industry which has meant
the stock market is now
primarily driven by domestic
flows not, as was the case 21
years ago, by foreign flows,”
he said.
SpiceJet on Thursday said it
raised an additional ₹316
crore, bringing its total invest-
ments to ₹1,060 crore under a
preferential issue.
Per the regulatory filing, the
company’s preferential allot-
ment committee has approved
the allotment of 4.01 crore SpiceJet’s growth prospects
shares on a preferential basis and strengthens our financial
to two investors, including Ar- position for the future. With
ies Opportunities Fund Ltd at this additional funding, we are
₹50 a share. well-equipped to pursue our
Additionally, the commit- expansion plans and enhance
tee sanctioned the allotment our operational capabilities.”
of 2.31 crore warrants, offer- “The overwhelming re-
ing the option to apply for and sponse that we have received
be allotted an equivalent num- from investors has been in-
ber of equity shares, to four in- credibly encouraging. It has
vestors, including Elara India broadened our perspective on
Opportunities Fund Ltd, at an the potential opportunities
issue price of ₹50. ahead,” Singh added.
Ajay Singh, Chairman and At close, SpiceJet stock
Managing Director of Spice- gained 2.13 per cent to ₹66.98
Jet, commented, “This signi- on the BSE. During the day, the
ficant capital infusion reaf- stock hit a high of ₹70.60 and a
firms investor confidence in low of ₹66.39.

96eed26b-6814-45ab-804d-2e0baf8d4232
semi-annual basis and the
aggregate weightage of
large-cap stocks and mid-cap
stocks is maintained at 50 per
SEBI freezes DHFL Indices reverse early losses to hit fresh highs
cent each. OUR BUREAU
ex-promoters’ accounts jaj Auto was the top Nifty 50 ary to 61.5 in February. The FPIs sold shares worth

Bharat Highways InvIT

sets ₹98-100 as price band
New Delhi: Bharat Highways
InvIT, an infrastructure
investment trust, on Thursday
said it will launch its
₹2,500-crore Initial Public
Offering (IPO) on February 28.
The price band has been set at
₹98-100 per unit for the issue,
Bharat Highways InvIT said in a
statement. PTI
over disclosure breach
Press Trust of India
New Delhi
Markets regulator SEBI has
ordered the attachment of
bank accounts as well as shares
and mutual fund holdings of
Dheeraj Wadhawan and Kapil
Wadhawan, the former pro-
moters of Dewan Housing
Finance Corp Ltd, to recover
dues totalling over ₹22 lakh.
This came after the broth-
ers failed to pay the fine im-
posed on them by the Securit-
ies and Exchange Board of
India in July last year in a case
concerning the flouting of dis-
closure norms.
In two separate notices,
SEBI has ordered the attach-
ment of bank, demat accounts,
and MF folios of the
Wadhawans to recover the
pending dues. The pending
dues of ₹10.6 lakh each from
Wadhawans comprise the ini-
tial penalty amount, interest,
and recovery cost, it added.
In July 2023, the regulator
imposed a penalty of ₹10 lakh
each on Wadhawans, who
were promoters of DHFL
(now known as Piramal Fin-
ance), for flouting disclosure
norms.
Ashley Coutinho
Mumbai
Indian equities overcame Fed
jitters and reversed early losses
to make fresh highs on
Thursday. The Sensex surged
535 points to 73,158, and the
Nifty rose 162 points to 22,217.
Cash market volumes on the
NSE were a bit lower than the
previous session but still
closed at ₹1.02-lakh crore.
The mid-cap index rose
more than the Nifty even as ad-
vance-decline ratio improved
to 1.22:1. Broad-based rally was
seen with IT, metals, and auto
taking the lead. IT giants HCL
Tech, Tech Mahindra and TCS
gained over 2 per cent each. Ba-
performer, gaining 3.2 per cent.
Foreign brokerage Jefferies’
bullish outlook on India sees
the stock market hitting mar-
ket cap of $10 trillion by 2030.
“Continued reforms should
maintain India’s ‘Fastest grow-
ing large economy’ status.
Strong trend in domestic flows
have reduced market volatility
and decadal low foreign owner-
ship offers valuation cushion,”
it said.
FED’S DILEMMA
The January Federal Reserve
meeting minutes reveal that
members are more concerned
about the risk of cutting in-
terest rates prematurely than
maintaining them at elevated
levels for an extended period.
The Indian economy contin-
ues to gain strength. The head-
line HSBC Flash India Com-
posite PMI Output Index —
that measures change in the
combined output of India’s
manufacturing and service sec-
tors — rose from 61.2 in Janu-
HSBC Flash India Manufactur-
ing PMI rose to 56.7 (56.5).The
HSBC Flash India Services
₹1,410 crore, while domestic
institutions bought shares
worth ₹1,823 crore on
PMI Business Activity Index Thursday, provisional data
rose to 62 (61.8 ). showed. A long bull candle was
Vinod Nair, Head of Re- formed on the daily chart with
search, Geojit Financial Ser- a long lower shadow. Technic-
vices, said: “The domestic mar- ally, this pattern indicates a
ket staged a recovery from the sharp comeback of bulls after
day’s low, buoyed by positive two sessions of weakness.
PMI data from the Eurozone “The short-term trend of
and an impressive earnings re- Nifty has turned up sharply
port from US tech stocks. The after a small decline. Having
broader market showed resili- breached the recent highs of
ence as India’s economic activ- 22249, the Nifty is expected to
ity continued to expand in Feb- move towards the next upside
ruary, with both service and target of 22,500-22,600 levels
manufacturing PMI improv- in one week. Immediate sup-
ing. Consequently, it resulted port is at 22050,” said Nagaraj
in outperformance in discre- Shetti, Senior Technical Re-
tionary stocks and capital search Analyst, HDFC Securit-
goods.” ies.

ABB stock surges 8 per cent,
brokerages increase target price
KS Badri Narayanan
Madhu Balaji
Chennai/ Bengaluru
ABB India stock surged 8.86
per cent on the BSE to ₹5,4,31.
50 on Thursday after the com-
pany came out with a strong
quarterly results.. During the
day, the stock hit an all-time
high of ₹5,456.95, as analysts
see bright prospects going
ahead.
The stock has continued to
rise since the company an-
nounced its financial results
for the quarter and year ended
December 2023 on Tuesday
(after market hours). Besides,
its board also recommended a
final dividend of ₹23.80 a share
for the financial year ended
December 31, 2023, subject to
per cent y-o-y, indicating ro-
bust revenue growth pro-
spects. It said that the margins
were flattish at 10 bps y-o-y
improvement, but CY23 mar-
gins were up 303 bps y-o-y at
14.3 per cent.
CY23-25 while EBITDA mar-
gin is expected to remain at
similar levels with operating
leverage benefit being a lever
to compensate the risk of
higher commodity prices,” the
report said.
BROKER’S CALL.
Choice International
NARAYANA HRUDAYALAYA (ADD)
Target: ₹1,456
CMP: ₹1,370.80
In Q3-FY24, Narayana Hrudayalaya reported
earnings slightly below expectations, with
revenue reaching ₹1,203.60 crore, a 6.7 per cent
y-o-y increase but a 7.8 per cent q-o-q decline
due to seasonality. EBITDA grew by 9.6 per cent
y-o-y to ₹278.90 crore but decreased by 9.5 per
cent q-o-q. The EBITDA margin expanded by 62
bps y-o-y but contracted by 43 bps q-o-q to 23.2
per cent, aligning with estimates.
APAT witnessed a 22.3 per cent y-o-y growth
but a 17 per cent q-o-q decline to ₹188.10 crore.
As of December 2023, the company operated
39 healthcare facilities with 5,646 operational
beds.
NH is poised for strong growth from FY24 to
FY26, supported by its diverse presence in India,
particularly in Karnataka and Kolkata, and its
expansion into new specialties, including ortho
spine, neurosciences, GI sciences, and acute
care. The company’s robust footprint extends to
the Cayman Islands, where it anticipates the
completion of a new multispecialty center. NH’s
TODAY’S PICK.
Data Patterns (India) (₹2,238.60): BUY
Gurumurthy K
bl. research bureau
The upmove in Data Patterns
(India) has gained momentum.
The 8.7 per cent surge on
Thursday has taken the stock
well above the key resistance
level of ₹2,100. This has brought
the prolonged consolidation
that was in place since
September to an end. Strong
support will be around
₹2,100which can limit the
downside. Moving average cross
overs on the chart strengthens
the bullish case.
Data Patterns (India) share
price can rise to ₹2,500-2,550
over the next three-four weeks
or even earlier than that. Traders
can go long now at around
₹2,239. Accumulate on dips at
₹2,160. Keep the stop-loss at
₹2,040. Trail the stop-loss up to
₹2,280 as soon as the stock price
goes up to ₹2,340. Move the
stop-loss further up to ₹2,380
when the price touches ₹2,440.
Exit the long positions at ₹2,520.
Note: The recommendations are based
on technical analysis. There is risk of
loss in trading
Nifty 50 Movers
Close(₹) Pts
왖 162.40 pts.
PE Wt(%)
ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 414.45. . . . . . . . . . 22.48. . . . . . . . . . . 24.85 . . . . . . . . . . 3.78
TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4087.10. . . . . . . . . . 22.15. . . . . . . . . . . 32.84 . . . . . . . . . . 4.26
Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2963.50. . . . . . . . . . 21.74. . . . . . . . . . . 25.35 . . . . . . . . 10.32
Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1681.35. . . . . . . . . . 21.06. . . . . . . . . . . 28.59 . . . . . . . . . . 6.18
L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3363.75. . . . . . . . . . 18.21. . . . . . . . . . . 30.84 . . . . . . . . . . 4.09
ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1062.70. . . . . . . . . . 17.24. . . . . . . . . . . 16.90 . . . . . . . . . . 7.67
HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1686.40. . . . . . . . . . 12.13. . . . . . . . . . . 29.16 . . . . . . . . . . 1.84
Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1100.90. . . . . . . . . . 10.60. . . . . . . . . . . 25.09 . . . . . . . . . . 3.14
M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1910.35. . . . . . . . . . 10.38. . . . . . . . . . . 19.56 . . . . . . . . . . 1.76
Bajaj Auto. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 8498.45. . . . . . . . . . . . 6.89. . . . . . . . . . . 32.49 . . . . . . . . . . 0.99
Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 445.15. . . . . . . . . . . . 6.36. . . . . . . . . . . . . 9.34 . . . . . . . . . . 1.04
Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 11657.80. . . . . . . . . . . . 5.80. . . . . . . . . . . 30.12 . . . . . . . . . . 1.58
Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 932.30. . . . . . . . . . . . 4.53. . . . . . . . . . . 18.06 . . . . . . . . . . 1.69
Tech Mahindra . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1328.10. . . . . . . . . . . . 4.50. . . . . . . . . . . 45.36 . . . . . . . . . . 0.85
Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 145.90. . . . . . . . . . . . 3.77. . . . . . . . . . . . . 0.00 . . . . . . . . . . 1.24
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 339.55. . . . . . . . . . . . 3.75. . . . . . . . . . . 16.70 . . . . . . . . . . 1.66
Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1558.05. . . . . . . . . . . . 3.62. . . . . . . . . . . 41.84 . . . . . . . . . . 1.73
Eicher Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3951.40. . . . . . . . . . . . 3.60. . . . . . . . . . . 28.20 . . . . . . . . . . 0.56
Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1310.95. . . . . . . . . . . . 3.35. . . . . . . . . . . 39.17 . . . . . . . . . . 0.99
Hindalco. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 521.15. . . . . . . . . . . . 3.12. . . . . . . . . . . 12.47 . . . . . . . . . . 0.78
Wipro. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 531.05. . . . . . . . . . . . 3.11. . . . . . . . . . . 24.45 . . . . . . . . . . 0.77
PowerGrid Corp . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 282.60. . . . . . . . . . . . 2.61. . . . . . . . . . . 16.71 . . . . . . . . . . 1.33
Adani Enter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3263.05. . . . . . . . . . . . 2.39. . . . . . . . . . . 98.84 . . . . . . . . . . 0.88
Asian Paints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3017.40. . . . . . . . . . . . 1.61. . . . . . . . . . . 52.24 . . . . . . . . . . 1.40
NestleIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2563.15. . . . . . . . . . . . 1.59. . . . . . . . . . . 82.41 . . . . . . . . . . 0.94
ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 274.70. . . . . . . . . . . . 1.56. . . . . . . . . . . . . 6.86 . . . . . . . . . . 1.10
LTIMindtree Ltd. . . . . . . . . . . . . . . . . . . . . . . . .. . . 5486.75. . . . . . . . . . . . 1.40. . . . . . . . . . . 35.31 . . . . . . . . . . 0.52
Britannia Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4956.95. . . . . . . . . . . . 0.92. . . . . . . . . . . 55.40 . . . . . . . . . . 0.60
SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1509.65. . . . . . . . . . . . 0.82. . . . . . . . . . . 81.27 . . . . . . . . . . 0.70
Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1453.30. . . . . . . . . . . . 0.72. . . . . . . . . . . 31.34 . . . . . . . . . . 0.79
Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1592.55. . . . . . . . . . . . 0.69. . . . . . . . . . . 17.12 . . . . . . . . . . 0.89
Grasim Ind. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2201.20. . . . . . . . . . . . 0.61. . . . . . . . . . . 15.16 . . . . . . . . . . 0.84
Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 6363.95. . . . . . . . . . . . 0.41. . . . . . . . . . . 20.30 . . . . . . . . . . 0.80
Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 6769.20. . . . . . . . . . . . 0.21. . . . . . . . . 118.37 . . . . . . . . . . 0.70
JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 828.65. . . . . . . . . . . . 0.09. . . . . . . . . . . 17.79 . . . . . . . . . . 0.81
UPL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 492.30. . . . . . . . . . . . 0.02. . . . . . . . . . . . . 0.00 . . . . . . . . . . 0.25
Divis Lab. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3645.40. . . . . . . . . . -0.11. . . . . . . . . . . 69.98 . . . . . . . . . . 0.48
TataConsumerProduct . . . . . . . . . . . . .. . . 1159.50. . . . . . . . . . -0.18. . . . . . . . . . . 85.47 . . . . . . . . . . 0.75
UltraTech Cement . . . . . . . . . . . . . . . . . . . . .. . . 9961.20. . . . . . . . . . -0.19. . . . . . . . . . . 44.82 . . . . . . . . . . 1.18
Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3652.05. . . . . . . . . . -0.41. . . . . . . . . . . 93.68 . . . . . . . . . . 1.57
HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 574.65. . . . . . . . . . -0.67. . . . . . . . . . . 81.07 . . . . . . . . . . 0.62
Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 6674.95. . . . . . . . . . -0.88. . . . . . . . . . . 29.93 . . . . . . . . . . 1.91
Hero MotoCorp . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4495.15. . . . . . . . . . -1.18. . . . . . . . . . . 24.89 . . . . . . . . . . 0.60

shareholders’ approval at the
ensuing AGM.
ABB posted a 13 per cent
rise in Profit After Tax (PAT)
to ₹345 crore in the December
quarter. Its total revenue rose
to ₹2,757 crore (₹2,427 crore)
in the year-ago period.
‘ROBUST REVENUES’
Following the strong financial
performance, brokerages have
raised the target price higher
for ABB stock.
Jefferies, while retaining
‘Buy’ rating, has increased the
target price to ₹6,115, given
that the order flow was up 35
Noting the upbeat in order
outlook, Nomura has given a
‘buy’ rating for the stock and
has increased the target price
to ₹5,740. The analysts have
stated that the margin traject-
ory of 14-14.5 per cent appears
sustainable.
CAUTIOUS STANCE
However, analysts at Yes Se-
curities Institutional Equities
have downgraded the stock to
‘add’ from ‘buy’ rating, given
the sharp rise in share price in
recent times. “We expect the
company to report revenue
CAGR of 21 per cent over
Analysts of Nuvama Insti-
strategic allocation of high capex towards Day trading guide BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 625.90. . . . . . . . . . -1.59. . . . . . . . . . . . . 4.69 . . . . . . . . . . 0.61
Bharti Airtel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1135.55. . . . . . . . . . -2.52. . . . . . . . . . . 59.57 . . . . . . . . . . 2.96
adding hospitals and clinics further solidifies its Hind Unilever . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2388.10. . . . . . . . . . -3.88. . . . . . . . . . . 54.35 . . . . . . . . . . 2.19
tutional Equities said the com- growth potential. IndusInd Bank. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1489.15. . . . . . . . . . -4.25. . . . . . . . . . . 13.36 . . . . . . . . . . 1.01
pany has missed street’s sales/ 22267 » Nifty 50 Futures State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 765.90. . . . . . . . . . -4.91. . . . . . . . . . . 10.34 . . . . . . . . . . 3.03
Valuing the stock at 20x FY26E EBITDA, the S1 S2 R1 R2 COMMENT Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1724.75. . . . . . . . . . -7.18. . . . . . . . . . . 19.65 . . . . . . . . . . 2.61
EBITDA estimates by 8 per target price is set at ₹1,456, maintaining an Add HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1419.55. . . . . . . . -33.68. . . . . . . . . . . 17.94 . . . . . . . . 10.98
cent /2 per cent as sales rating. 22200 22100 22290 22375 Go long on a break above 22290. Pts: Impact on index movement
growth/OPMs slowed across Keep a stop-loss at 22260
segments. “Base orders
(higher revenue mix) are slow- ₹1420 » HDFC Bank
ing while high growth new-age Prabhudas Lilladher S1 S2 R1 R2 COMMENT Nifty Next 50 Movers 왖 612.50 pts.
areas have low mix,” it added. JUBILANT INGREVIA (HOLD) Close(₹) Pts PE Wt(%)
1410 1380 1435 1460 Go short below 1410. Stop-loss
The analysts have retained a Target: ₹497
Abb India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5425.00. . . . . . . . . . 77.53. . . . . . . . . 281.85 . . . . . . . . . . 1.62
can be kept at 1420 Bharat Elec. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 194.75. . . . . . . . . . 72.02. . . . . . . . . . . 39.87 . . . . . . . . . . 3.93
‘hold’ call on the stock and CMP: ₹472.35 Trent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3954.00. . . . . . . . . . 43.40. . . . . . . . . 173.45 . . . . . . . . . . 4.91
said, “We revise CY24/25E We hosted a non-deal roadshow of Jubilant ₹1680 » Infosys Shriram Finance . . . . . . . . . . . . . . . . . . . . . . .. . . 2395.20. . . . . . . . . . 36.25. . . . . . . . . . . 13.49 . . . . . . . . . . 3.75
Hindustanaeronautics . . . . . . . . . . . . . .. . . 3005.65. . . . . . . . . . 35.85. . . . . . . . . . . 32.72 . . . . . . . . . . 3.17
EPS by 6/3 per cent (about Ingrevia. The company appears to be coming out of Siemens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4552.50. . . . . . . . . . 33.19. . . . . . . . . . . 80.86 . . . . . . . . . . 2.28
S1 S2 R1 R2 COMMENT
12.8-13 per cent OPMs), roll woods with focus on non-commodity side of the
Canara Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 582.20. . . . . . . . . . 33.13. . . . . . . . . . . . . 7.15 . . . . . . . . . . 2.20
Tvs Motor Cmp . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2128.65. . . . . . . . . . 27.20. . . . . . . . . . . 59.39 . . . . . . . . . . 2.79
forward to Mar-26 EPS at 70x chemicals basket.
1665 1645 1700 1720 Wait for dips. Go long at 1670 with Info Edge I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5340.35. . . . . . . . . . 26.99. . . . . 20382.20 . . . . . . . . . . 2.34
to a revised TP of ₹4,860 from Across its three business segments- Chemical
a stop-loss at 1660 Godrej Consumer. . . . . . . . . . . . . . . . . . . . . .. . . 1256.35. . . . . . . . . . 25.47. . . . . . . . . . . 72.00 . . . . . . . . . . 2.68
Zomato .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 162.10. . . . . . . . . . 25.34. . . . . . . . . . . . . 0.00 . . . . . . . . . . 2.02
the earlier ₹4,585). Intermediates (CI), Specialty Intermediates (SI) Varun Beverages . . . . . . . . . . . . . . . . . . . . . .. . . 1497.20. . . . . . . . . . 21.93. . . . . . . . . . . 92.55 . . . . . . . . . . 1.69
₹414 » ITC United Spirits . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1159.75. . . . . . . . . . 17.94. . . . . . . . . . . 66.47 . . . . . . . . . . 1.90
and Nutrition and Health Solutions (NHS), the Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 182.25. . . . . . . . . . 17.47. . . . . . . . . . . 14.85 . . . . . . . . . . 2.77
S1 S2 R1 R2 COMMENT
company is spending ₹1,800 crore of capex out of Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3128.30. . . . . . . . . . 15.50. . . . . . . . . . . 16.78 . . . . . . . . . . 2.52
Jindal Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 783.70. . . . . . . . . . 14.89. . . . . . . . . . . 14.60 . . . . . . . . . . 1.62
which ₹1,200 crore is already done. The mantra of 412 410 418 422 Go long now and at 413. Stop-loss

Sugar stocks end 3% lower after Govt +20% for EBITDAM and ROCE for new projects
may bode well, provided the company executes
can be kept at 411
Havells . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1431.95. . . . . . . . . . 14.25. . . . . . . . . . . 75.91 . . . . . . . . . . 2.02
Tata Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 377.90. . . . . . . . . . 13.79. . . . . . . . . . . 28.93 . . . . . . . . . . 3.61
Ambuja Cements . . . . . . . . . . . . . . . . . . . . . .. . . . . 592.75. . . . . . . . . . 12.09. . . . . . . . . . . 29.61 . . . . . . . . . . 2.45
Dlf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 892.25. . . . . . . . . . 11.55. . . . . . . . . . . 93.06 . . . . . . . . . . 3.23

hikes Fair and Remunerative Price
Press Trust of India
New Delhi
Shares of sugar companies
settled 3 per cent lower on
Thursday after the govern-
ment announced a hike in the
fair and remunerative price
that mills have to pay to sug-
arcane growers for the 2024-
25 season starting October.
The scrip of Rana Sugars
declined 2.86 per cent to
close at ₹25.44 apiece on the
BSE, Mawana Sugars at
EID Parry (India) at ₹630.60.
Also, Triveni Engineering
& Industries went lower by
0.73 per cent to settle at
₹347.90 apiece, Dhampur
Sugar Mills at ₹248.95 and
KCP Sugar & Industries Corp
at ₹41.75. However, shares of
Rajshree Sugars & Chemicals
rallied 8.22 per cent to end at
₹80.60, and Balrampur Chini
Mills gained 0.45 per cent to
finish at ₹382.45 each on the
BSE.
On Wednesday, the gov-
ernment announced a hike in
been increased by ₹25 to
₹340 per quintal for the
2024-25 season starting
October.
The decision to increase
the FRP was taken at the
meeting of the Cabinet Com-
mittee on Economic Affairs
(CCEA) chaired by Prime
Minister Narendra Modi.
This is the highest FRP for
sugarcane announced by the
Prime Minister Narendra
Modi-led government since
coming to power in 2014.
This is the second time that
well and the demand is favorable.
Deepak Jain, new CEO, who comes from Bain
Consulting, where he had a long stint of 19 years. A
₹275
S1
» ONGC
S2 R1 R2 COMMENT
Shree Cement . . . . . . . . . . . . . . . . . . . . . . . . . . .. 26603.35. . . . . . . . . . 11.46. . . . . . . . . . . 42.74 . . . . . . . . . . 2.00
Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 28444.10. . . . . . . . . . 11.08. . . . . . . . . . . 36.08 . . . . . . . . . . 1.37
Irctc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 935.65. . . . . . . . . . 10.00. . . . . . . . . . . 67.70 . . . . . . . . . . 1.60
Adanigreenenergy . . . . . . . . . . . . . . . . . . . .. . . 1922.65. . . . . . . . . . . . 8.91. . . . . . . . . 209.03 . . . . . . . . . . 1.64
273 269 278 281 Take fresh longs now and at 274
few initiatives like the actives vertical under SI are with a stop-loss at 272
Zyduslifesciences. . . . . . . . . . . . . . . . . . . . . .. . . . . 904.30. . . . . . . . . . . . 8.83. . . . . . . . . . . 29.84 . . . . . . . . . . 1.29
Lic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1064.40. . . . . . . . . . . . 8.69. . . . . . . . . . . 16.69 . . . . . . . . . . 0.63
his brainchild. His focus on doing away with low Samvardmothersoninternatl . . .. . . . . 114.10. . . . . . . . . . . . 7.88. . . . . . . . . . . 33.99 . . . . . . . . . . 1.52
margin products like ethyl acetate would be margin ₹2963 » Reliance Ind. Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 271.50. . . . . . . . . . . . 6.67. . . . . . . . . . . 12.02 . . . . . . . . . . 2.05
Punjab Natl Bank . . . . . . . . . . . . . . . . . . . . . .. . . . . 129.00. . . . . . . . . . . . 6.42. . . . . . . . . . . 18.52 . . . . . . . . . . 2.16
accretive in the long run. S1 S2 R1 R2 COMMENT Srf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2409.00. . . . . . . . . . . . 4.85. . . . . . . . . . . 48.38 . . . . . . . . . . 1.97
We reiterate our Hold rating for the stock valuing Muthootfin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1336.40. . . . . . . . . . . . 4.40. . . . . . . . . . . 12.49 . . . . . . . . . . 0.82
Avenuesuper . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3851.45. . . . . . . . . . . . 3.25. . . . . . . . . 103.03 . . . . . . . . . . 1.35
the company at ₹497 using SOTP, which implies 2945 2920 2985 3020 Go long only above 2985. Keep
Bank Of Baroda. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 275.60. . . . . . . . . . . . 3.09. . . . . . . . . . . . . 7.49 . . . . . . . . . . 2.89
about 20x PE on FY26 EPS of ₹25.4. While we have the stop-loss at 2975 Torrent Pharma . . . . . . . . . . . . . . . . . . . . . . . .. . . 2608.00. . . . . . . . . . . . 1.52. . . . . . . . . . . 59.08 . . . . . . . . . . 1.34
Sbicards&Pay . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 740.75. . . . . . . . . . . . 1.47. . . . . . . . . . . 30.07 . . . . . . . . . . 1.23
assumed slight improvement in EBITDAM for NHS Icici Lombard Gic . . . . . . . . . . . . . . . . . . . . . .. . . 1646.25. . . . . . . . . . . . 1.45. . . . . . . . . . . 44.13 . . . . . . . . . . 2.37
(launch of pre-mixes) and CI (lower overheads due ₹766 » SBI Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2537.55. . . . . . . . . . . . 0.89. . . . . . . . . . . 54.77 . . . . . . . . . . 1.91
to higher utilisation), we have not assumed any S1 S2 R1 R2 COMMENT Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 539.00. . . . . . . . . . . . 0.52. . . . . . . . . . . 46.90 . . . . . . . . . . 1.57
Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 16795.45. . . . . . . . . . . . 0.23. . . . . . . . . . . 72.13 . . . . . . . . . . 0.37
improvement in EBITDAM for SI. However, with 763 758 770 777 Go long only above 770. Stop-loss Adani Wilmar .. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 360.65. . . . . . . . . . . . 0.01. . . . . . . . . 552.42 . . . . . . . . . . 0.13
launch of diketene derivatives and actives, if the can be placed at 768
Berger Paints I. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 571.65. . . . . . . . . . -0.56. . . . . . . . . . . 58.80 . . . . . . . . . . 0.90
Piindustries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3680.85. . . . . . . . . . -0.57. . . . . . . . . . . 35.07 . . . . . . . . . . 1.67
segmental EBITDAM for SI rises to 20 per cent, Adani Total Gas . . . . . . . . . . . . . . . . . . . . . . . .. . . 1018.15. . . . . . . . . . -1.10. . . . . . . . . 187.43 . . . . . . . . . . 0.66
then the target price would rise to ₹586. ₹4086 » TCS I-Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 518.35. . . . . . . . . . -2.26. . . . . . . . . . . 81.83 . . . . . . . . . . 1.14
Adani Energy Solutions .. . . . . . . . . . .. . . 1058.90. . . . . . . . . . -2.46. . . . . . . . . . . 94.20 . . . . . . . . . . 0.75
S1 S2 R1 R2 COMMENT Cholamandalamin&Fin . . . . . . . . . . . .. . . 1082.45. . . . . . . . . . -4.15. . . . . . . . . . . 28.31 . . . . . . . . . . 2.46
Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2718.30. . . . . . . . . . -5.50. . . . . . . . . . . 79.96 . . . . . . . . . . 2.34

₹102.07, Shree Renuka Sug-
ars at ₹48.96, Dalmia Bharat
Sugar and Industries at ₹402,
the FRP, the minimum rate
that mills need to pay to sug-
arcane growers. The FRP has
the Modi government has in-
creased the FRP by ₹25 a
quintal in one go.
4060 4020 4130 4160 Wait for dips. Go long at 4070. Bajaj Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 8683.90. . . . . . . . . . -7.43. . . . . . . . . . . 16.10 . . . . . . . . . . 0.88
businessline is not responsible for the recommendations Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 541.60. . . . . . . . . . -9.13. . . . . . . . . . . 54.44 . . . . . . . . . . 1.78
Stop-loss can be kept at 4050
sourced from third party brokerages. Reports may be sent Indian Oilcorp . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 179.70. . . . . . . . -31.73. . . . . . . . . . . . . 5.23 . . . . . . . . . . 3.72
to: blmarketwatch@gmail.com S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2. Pts: Impact on index movement

CM
YK ... . . . . . . ND-NDE

DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
QUICKLY.
Google to pause Gemini’s
image generation of people
Alphabet’s Google said it is pausing
AI model Gemini’s image
generation of people and will
release an improved version soon.
Google started offering image
generation through its Gemini AI
models earlier this month, but
over the past few days some users
had flagged that the model returns
historical images which are
sometimes inaccurate. REUTERS
Intel signs Microsoft
as foundry customer
Intel said that Microsoft plans to
use its services to manufacture
a custom computing chip and
that the company expects to
beat an internal deadline of
2025 to overtake its biggest
rival, Taiwan Semiconductor
96eed26b-6814-45ab-804d-2e0baf8d4232
Manufacturing Co, in advanced
chip manufacturing. It also gave
new details on how it plans to
maintain a lead over TSMC into
2026 and beyond. REUTERS
Rolls-Royce profit
doubles on higher orders
London: Britain’s Rolls-Royce
guided that profit could rise as
much as 25 per cent this year,
ahead of forecasts, after it
smashed targets by more than
doubling profits last year as its
engines flew more and defence
and power orders flowed.
Shares in Rolls-Royce climbed 9
per cent to 359 pence, hitting
highs last seen in 2018. REUTERS
SCALING NEW HEIGHTS
ALL-TIME HIGH. Japan’s benchmark Nikkei 225 index surged on Thursday past the record it set in 1989 before the financial bubble
burst, ushering in an era of faltering growth. The index closed at 39,098.68, up 2.2 per cent. It had been hovering for weeks near
34-year highs. Its previous record was 38,915.87, set on December 29, 1989. That was more than a generation ago at the height of
Japan's post-war boom REUTERS
E-book lending boom pits US publishers against libraries
Reuters
Washington
They don’t go missing or
get torn and tattered, but
e-books are posing con-
cerns for US libraries as
publishers insist on re-
strictive and costly digital
licencing contracts, librari-
ans say.
“We have to pay for
every single checkout, have
major limitations on how
many copies we can have ...
and a lot of other arbitrary
issues,” said Alison Mac-
rina, a librarian and dir-
ector of the Library Free-
dom Project, an advocacy
group.
Digital collections — in-
cluding e-books, au-
diobooks, music and more
— have become increas-
ingly central to libraries’
work, particularly since the
Covid-19 pandemic when
they allowed lending to
continue during lockdowns.
Patrons checked out a re-
cord 662 million e-books
and other digital products
from libraries last year, 19
CM
YK
Indian firms begin work
on own version of Wegovy
HUGE POTENTIAL. India has high obesity rates, move will help reduce costs
Reuters
Hyderabad
India’s drugmakers aiming
to grab a slice of the burgeon-
ing weight-loss treatment
sales pie, both at home and
abroad, have begun develop-
ing their own versions of
Novo Nordisk’s wildly in de-
mand Wegovy.
With some analysts pre-
dicting a weight-loss market
reaching $100 billion a year
or more by the end of the
decade, executives at Sun
Pharma, Cipla, Dr Reddy’s
and Lupin — some of the
world’s largest generic drug-
makers — all said they have
started work on Wegovy
versions.
Novo Nordisk has been
unable to produce enough
Wegovy to meet demand in
more than half a dozen coun-
tries where it has already
launched, amid record global
obesity rates and people
looking for easier alternat-
ives to diet and exercise. US
rival Eli Lilly, likewise, has
been unable to meet demand
for its weight-loss drugs Zep-
bound and Mounjaro.
Novo has not provided a
clear timeline for introdu-
cing Wegovy globally, but
told Reuters it aims to launch
in India in 2026.
The move by Indian drug-
makers could go a long way
toward improving global ac-
cess to weight-loss drugs and
make them far more afford-
able, analysts said.
BIG POTENTIAL
“We expect volume expan-
sion to increase multi-fold by
the time patent expires,
which is a few years from
now,” Systematix analyst
Vishal Manchanda said.
“They will also be available at
a much lower price by gen-
per cent more than the
previous year, according to
OverDrive, a major
platform.
Over the past decade-
and-a-half, the handful of
companies that control
most US e-book produc-
tion and distribution have
started to lease these
works to libraries — rather
than selling copies out-
right. Dubbed “the Netflix
model” by some librarians,
licencing is not only more
expensive, but some worry
it allows companies to
track reading habits, re-
move books or censor
content.
“Major publishers offer
no option for the vast ma-
jority of e-books to be
owned at all by a con-
sumer, whether an indi-
vidual or a library. You buy
a licence to view the file,”
said Lia Holland from
Fight for the Future, a di-
gital rights non-profit. The
clash of interests between
publishers and libraries has
resulted in a series of legal
battle in recent years.
Publishing companies
FIRST-MOVER. Novo Nordisk, the Danish drugmaker, is the sole patent holder of semaglutide, the
active ingredient in Wegovy and diabetes treatment Ozempic, which are not yet approved in India
eric drugmakers.” Industry
insiders agreed.
“There is big potential in
India... given the lifestyle
choices,” Cipla Global CEO
Umang Vohra said in a post-
earnings call in January.
India has high obesity
rates, especially among wo-
men, and has the world’s
second highest number of
people with type 2 diabetes,
trailing only China. Around
11 per cent of adults in India
will be obese by 2035, ac-
cording to the World Obesity
Federation Atlas.
Novo’s patents for
Wegovy, given as a weekly in-
jection, expire in China in
2026, in Japan and Europe in
2031, and in the US in 2032,
according to its annual
report.
The Danish drugmaker is
the sole patent holder of
semaglutide, the active in-
gredient in Wegovy and dia-
betes treatment Ozempic,
which are not yet approved
in India. It declined to com-
ment on when its patent
would expire in India.
Publishing
companies worry
that constraints
on e-book
licencing could
hurt the sector’s
economics, while
libraries argue the
higher fees and
other restrictions
undermine their
mission to make
books easily
available
worry that constraints on
e-book licencing could hurt
the sector’s economics,
while libraries argue the
higher fees and other re-
strictions undermine their
mission to make books eas-
ily available and encourage
reading.
LIBRARY LAWSUITS
Two copyright lawsuits
now threaten further re-
“We want to market this
product on time in all the
markets as (Novo’s) patent
expires,” Dr Reddy’s CEO
Erez Israeli said of semaglu-
tide in a media call last
month.
Novo did not comment on
when it expects to see com-
petition from Indian drug-
makers but told Reuters it
“welcomes new treatment
options” for people living
with obesity.
DEVELOPING A MARKET
Sun Pharma is working on its
own experimental drug to
treat Type 2 diabetes and
obesity. Others are taking a
more traditional generic
drug path. “Dr. Reddy’s and
Cipla are making a copy of
the innovator drug more like
a generic version, while Sun
is working on its own innov-
ator drug. So, Sun will have
to do clinical trials. Its drug
will be novel and patented,”
Manchanda said.
The Indian market for dia-
betes drugs alone was estim-
ated at ₹316 billion ($3.81
strictions to how libraries
can make digital works
available. In 2020, four ma-
jor publishers sued the In-
ternet Archive, a non-profit
library with some 44 mil-
lion print materials and
also the world’s largest
archive of the internet. The
publishers seek to limit
what is known as con-
trolled digital lending —
the library’s ability to pur-
chase a book, scan it and
then lend the digital copy.
“It’s about ownership —
library ownership versus li-
cencing — and the tension
that exists between those
two ways of managing ma-
terials,” said Chris Free-
land, director of library
services at the Internet
Archive. Freeland said the
issue was crucial for reader
access as well as preserva-
tion: “We can’t preserve
what we don’t own.”
Terrence Hart, the gen-
eral counsel for an in-
dustry trade organisation,
the Association of Amer-
ican Publishers, said last
year, “There is simply no
legal support for the no-
billion) in 2023 and is projec-
ted to hit ₹1.2 trillion
($14.48 billion) in the next
decade, according to Expert
Market Research.
Wegovy in clinical trials
helped patients lose up to 15
per cent of their body weight,
while Eli Lilly drug trial par-
ticipants lost even more.
Their medicines belong to a
class of therapies known as
GLP-1 receptor agonists ori-
ginally developed to control
blood sugar in type 2 dia-
betes patients. They also
slow digestion, helping
people feel full longer.
Data showing the class of
drugs may also delay pro-
gression of chronic kidney
disease and lower heart dis-
ease risks are likely to further
increase demand. Despite
the home turf advantage for
companies like Cipla, crack-
ing the price-sensitive In-
dian market won’t be easy.
“In India, the requirement is
to develop a market for anti-
obesity (drugs),” said DAM
Capital analyst Nitin
Agarwal.
Nvidia upbeat on sales as AI reaches ‘tipping point’
Bloomberg
Nvidia Corp. predicted an-
other massive sales gain for the
current quarter, helping justify
a stock rally that has turned it
into one of the world’s most
valuable companies.
Revenue in the current
period will be about $24 billion,
the company said in a state-
ment on Wednesday. Analysts
predicted $21.9 billion on aver-
age. Results in the fourth
quarter sailed past Wall Street
estimates.
The chip supplier is set to re-
claim its spot as the third most
valuable US company as shares
surged 13.5 per cent before the
bell on Thursday. If gains hold,
Nvidia will add more than $230
billion to its market
capitalisation.
The outlook extends a
streak of Nvidia shattering ex-
pectations, thanks to insati-
able demand for its artificial in-
telligence accelerators. The
tion that Internet Archive
or a library may convert
millions of e-books from
print books for public dis-
tribution without the con-
sent of, or compensation
to, the authors and pub-
lishers.” A judge sided with
the publishers last year,
but the Internet Archive
appealed and the case is
ongoing.
Longstanding fights over
content ownership have ex-
panded to control of distri-
bution channels, said Dave
Hansen, executive director
of Authors Alliance, which
represents authors and
submitted a brief in the In-
ternet Archive lawsuit. He
said there were now four
major e-book publishers in
the US, each with their
own rules.
Hansen pointed to a
2022 incident when pub-
lisher John Wiley and Sons
suddenly removed 1,380
titles from a collection of
academic e-books that
many libraries use. The ex-
perience “demonstrated
the power that publishers
had to unilaterally dictate
ECB reports record loss for
2023 as interest rate hikes bite
Reuters
Frankfurt
The European Central Bank
on Thursday reported a re-
cord annual loss for 2023
and said further losses were
likely as its aggressive in-
terest rate hikes force it to
pay out billions of euros to
banks.
The ECB, which has
raised rates at an unpreced-
ented pace over the past
two years, has a bloated bal-
ance sheet after a decade of
financial stimulus and com-
mercial banks now earn
hefty interest on the tril-
lions of euros it printed dur-
ing the era of anaemic
inflation.
“The loss... reflects the
role and necessary policy
actions of the Eurosystem
in fulfilling its primary man-
date of maintaining price
stability and has no impact
on its ability to conduct ef-
fective monetary policy,”
the ECB said. The ECB, the
Not obliged to pay for Indonesia news
content posted voluntarily, says Meta
Reuters
Jakarta
Facebook parent Meta
Platforms on Thursday
said it understood it was
not required to pay for
content of news publishers
posted voluntarily by users
in Indonesia, following a
government regulation
seeking a sharing of profits
between digital platforms
and media firms.
Indonesia’s president
signed a regulation on
Monday requiring digital
platforms to pay media
outlets that provide them
with content, a move
aimed at levelling the play-
ing field between big tech
In the fourth quarter ended
January 28, Nvidia’s revenue
more than tripled to $22.1 b
technology has helped power a
proliferation of chatbots and
other generative AI services.
“Accelerated computing and
generative AI have hit the tip-
ping point,” Chief Executive
Officer Jensen Huang said in a
statement. “Demand is surging
worldwide across companies,
industries and nations.”
Nvidia’s market capitalisa-
tion increased by more than
$400 billion this year — bring-
what kind of content users
could get access to,” he
said. Wiley later reversed
the decision. It said in a
statement it was commit-
ted to providing students
with affordable e-books
and expanding the range of
titles available.
AI-GUIDED BOOK BANS
New technologies are also
being used by school
boards in their efforts to
comply with recently
passed state laws banning
material that lawmakers
have ruled to be offensive.
School book bans have in-
creased substantially in re-
cent years and become
more comprehensive, ac-
cording to PEN America,
which tracked 5,894 efforts
in 41 states from 2021 to
2023.
In Iowa, Mason City
Community Schools used
artificial intelligence (AI)
to analyse book content to
ensure compliance with a
state law passed last year
requiring the removal of
works depicting sexual
acts.
news . bl . 9
central bank for the 20-na-
tion euro area said its loss
before the release of provi-
sions was 7.9 billion euros
after a loss of €1.6 billion in
2022. Once all risk provi-
sions are wiped out, a loss
of €1.3 billion will be car-
ried forward, to be offset
against future profits, its
financial accounts showed.
The bank said it was still
well-capitalised and could
operative effectively regard-
less of any losses. “The ECB
companies and the media
industry. Rafael Frankel,
Meta’s public policy dir-
ector in South-East Asia,
said in an emailed re-
sponse to Reuters that after
consultations, it under-
stood it was not “obliged
to pay for news content
ing its valuation to $1.67 tril-
lion — as investors bet that the
company will remain the
prime beneficiary of an AI
boom.
Companies such as
Amazon.com Inc., Meta Plat-
forms Inc., Microsoft Corp.
and Alphabet Inc.’s Google are
Nvidia’s largest customers, ac-
counting for nearly 40 per cent
of its revenue, as they rush to
invest in hardware for AI
computing.
REVENUE TREBLES
In the fourth quarter of the
fiscal year, which ended Janu-
ary 28, Nvidia’s revenue more
than tripled to $22.1 billion.
Profit was $5.16 a share, minus
certain items. Analysts pre-
dicted sales of about $20.4 bil-
lion and earnings of $4.60 a
share. Underscoring the mag-
nitude of its recent growth
streak: As recently as 2021, it
didn’t generate that much rev-
enue in an entire year.
Nvidia’s data center divi-
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is likely to incur further
losses over the next few
years as a result of the ma-
terialisation of interest rate
risk, before returning to
making sustained profits,”
the bank said.
LARGE SCALE PRINTING
Unlike commercial banks, a
central bank can operate
with depleted provisions
and even negative equity.
However, these losses can
raise credibility concerns,
deprive governments of di-
vidend earnings and could
influence a looming debate
over a new operational
framework.
The core of the problem
is the ECB’s large scale
money printing operation,
the hallmark of its stimulus
efforts under former Presid-
ent Mario Draghi. The ECB
printed cash to buy govern-
ment bonds in the hope that
abundant and cheap credit
would rekindle economic
growth and push inflation
back up to 2 per cent.
96eed26b-6814-45ab-804d-2e0baf8d4232
posted by news publishers
voluntarily to our
platform.”
The regulation, which is
expected to take effect
within six months, stipu-
lates that digital platforms
are required to strike a
partnership with news
companies in the form of
sharing “revenues from the
use of news by digital plat-
forms produced by press
companies according to
economic calculations”.
Usman Kansong, a
senior official at Indone-
sia’s communications min-
istry, who oversees the
new regulation, did not im-
mediately respond to a re-
quest for comment on
Meta’s response.
sion, now by far its largest
source of sales, generated
$18.4 billion of revenue, up 409
per cent from the same period
a year earlier. Gaming chips
provided $2.87 billion of sales.
Nvidia is now working to
spread its AI technology bey-
ond the big data-center com-
panies.
Nvidia announced a deal
with Cisco Systems Inc. earlier
this month. As part of that deal,
Ciscowill help sell complete AI
systems to companies.
But Nvidia faces risks, in-
cluding mounting competition
and a push by some customers
to develop their own AI chips.
Advanced Micro Devices
Inc. began selling a line of ac-
celerators called the MI300. It
expects to get revenue of $3.5
billion from the product this
year, up from an earlier projec-
tion of $2 billion. But Nvidia
isn’t standing still. Analysts ex-
pect the company to soon un-
veil more powerful
accelerators.
... . . . . . . ND-NDE
 10 . bl . commodities.agri.business
QUICKLY.
Gold climbs on soft $,
conflict-driven demand
Gold prices rose driven by a
retreating US dollar and haven
demand on the back of the
Middle East conflict, while
investors await further US
economic data for a steer on
interest rate expectations. Spot
gold gained 0.3 per cent to
$2,030 an ounce. US gold
futures rose 0.3 per cent to
$2,030. REUTERS
Nickel hits 10-week high
on short-covering
London: Nickel prices rose to
their highest in 10 weeks as
concern over expansion of US
sanctions against Russia
triggered covering of bets on
lower prices of the metal.
Three-month nickel on the
LME was up 1.7 per cent at
96eed26b-6814-45ab-804d-2e0baf8d4232
$17,225/tonne. REUTERS
Indic Wisdom raises ₹4 cr
in pre-series A round
Mangaluru: Mumbai-based Indic
Wisdom, an agri-produce
start-up, has raised ₹4 crore in
pre-series A round led by
Inflection Point Ventures.
Mahendra Sankhe, Launch
Capital and Bifco Finance also
participated in the round. A
media statement said the funds
will be utilised to enhance the
brand’s visibility with a core
focus on wood-pressed oils,
expand distribution network,
and build capacity. OUR BUREAU
Storage level in South dips to 30% of capacity ‘No easing of curbs on cane juice for ethanol’
Subramani Ra Mancombu
Chennai
The water level in India’s 150
major reservoirs declined for
the 20th week in a row, while
the storage in the southern and
northern regions declined to 40
per cent and 30 per cent of the
capacity, respectively, per data
from the Central Water Com-
mission (CWC).
According to CWC’s weekly
bulletin on live storage status,
the major 150 reservoirs were
filled to 45 per cent of the
178.784 billion cubic metres
(BCM) capacity at 81.041 BCM.
During the same time a year
ago, the reservoirs were filled
83 per cent of the capacity and
the last 10 years average is 95
per cent.
The level in 80 of the major
reservoirs is less than 50 per
cent of the normal, while only
two are filled to capacity.
At least 12 States have stor-
age that are lower than normal
with Telangana, which had bet-
ter storage until now, set to be-
‘AI, ML and robotics can help
maximise returns for farmers’
KV Kurmanath
Hyderabad
With small-holder farmers com-
prising the majority of the farm-
ers and limited irrigation facilit-
ies posing serious challenges, it
is time for policymakers and
governments to adopt artificial
intelligence and other deep tech-
nologies, including machine
learning and robotics, to ensure
efficient use of resources and
maximise returns, a CII-EY
white paper on digital agricul-
ture has said.
The whitepaper called for im-
mediate efforts to deploy AI
solutions, drones, data analytics
and other digital technologies to
help farmers efficiently use wa-
ter, fertilisers and map soil
health. The report was released
at the just concluded CII Ag-
riTech South conference here.
“We need to establish standard-
ised data formats and encourage
open-source AI solutions. We
should develop modules and
equip farmers and rural youth
CM
YK
Centre confident of achieving
114 mt wheat output target
EARLY START. States asked to begin purchase of the cereal in the first fortnight of March: Food Secy
Our Bureau
New Delhi
The Union government is
confident of achieving the
114 million tonnes (mt) of
wheat production target
this year as the weather
conditions have so far been
favourable with no abnor-
mal increase in temperat-
ure. However, considering
the last two years’ experi-
ence, the Centre has asked
all the growing States to
start procurement on gov-
ernment account anytime
from the first fortnight of
next month so that max-
imum possible quantity is
bought to replenish deplet-
ing stocks.
“We have asked all wheat
growing states to begin pro-
curement from March 1, de-
pending on the arrival of
the crop. Uttar Pradesh has
conveyed its consent to
start it from March 1,
whereas the season nor-
mally begins from April 1,”
Govt to stop open wheat sale from March 1 in North
Our Bureau
New Delhi
The Centre, which has sold
nearly 9 million tonnes
(mt) of wheat to processors
during past eight months in
a bid to check price rise un-
like in 2021-22, has decided
to stop the weekly e-auction
held by the Food Corpora-
tion of India (FCI) under
the open market sales
scheme (OMSS) after
March 1 in northern States
once procurement starts for
the new crop.
However, sales of subsid-
come a below normal one.
76% RAINFALL DEFICIENT
The situation will likely deteri-
orate with the India Meteorolo-
gical Department (IMD) pre-
dicting warmer than normal
February. Data received from
706 districts show that 76 of
them received either deficient,
large deficient or no rainfall.
The situation in the southern
region, which depends on reser-
voirs for irrigation, has turned
grim with the storage slipping
to 15.923 BCM or 30 per cent of
the 53.334 BCM capacity. Of
the 42 reservoirs in the region,
28 have a level below 50 per cent
of the capacity.
Among the States, only Ker-
ala has 2 per cent more than
normal storage with Karnataka
(-28 per cent), Andhra Pradesh
(-49 per cent) and Tamil Nadu
(-24 per cent) reeling from pro-
longed dry periods since June
2023, when El Nino set in.
In the northern region, eight
of the 10 reservoirs continue to
have levels lower than 50 per
cent. Among the States in the
with required AI training in local
languages,” it said.
FOCUS ON CAPABILITIES
The report – Revolutionizing
Telangana’s Agriculture: A Di-
gital Approach – mapped differ-
ent areas where AI and other di-
gital technologies could be
deployed.
“The focus isn’t merely on ad-
opting technology arbitrarily
but on utilising its capabilities to
establish a sustainable, product-
ive, and resilient agricultural en-
vironment,” C Shekar Reddy,
Chairman, CII Telangana, said.
“Machine learning al-
gorithms can analyse vast
amounts of soil data, including
composition, fertility, and mois-
ture levels, and recommend op-
timal crop choices for specific
fields,” Ritvik Kashyap and Van-
shika Arora of EY, said in the re-
port. “Farmers can utilise this in-
formation to make informed
decisions about planting sched-
ules, crop varieties, and resource
allocation, mitigating weather-
related losses,” it said.
said Union Food Secretary
Sanjeev Chopra. He said the
meeting with State food
secretaries has been sched-
uled on February 28 where
each State will will share
details on the amount of of
wheat it will be able to
procure.
Addressing media,
Chopra said: “The Agricul-
ture Ministry has informed
(Food Ministry) that the
targeted production this
year is 114 mt and there is
no abnormal increase in
temperature, so far. If the
weather remains same for
another 15-20 days, there
will be a bumper wheat
production.”
However, despite the Ag-
riculture Ministry claiming
good production of wheat
in both 2021-22 and 2022-
23, the Government missed
the procurement target by a
big margin. Not only that,
even after exports were
banned prices could not be
brought down to a desired
level and the Government
ised Bharat Atta at ₹27.50/
kg in 10 kg bag will con-
tinue and it targets to sell
1.5 mt in the next 4-5
months.
The government has
already sold 0.35 mt of
Bharat Atta since its launch
in November 2023. The FCI
supplies wheat to the co-op-
eratives at ₹1,715/quintal
for processing to atta and
packing under ‘Bharat’
brand for retail sales.
Briefing media on the
overall price situation of
different food items, Union
Food Secretary Sanjeev
Chopra said the govern-
regions, Punjab (-14 per cent)
and Rajasthan (-11 per cent)
have lower than normal
levels. The storage in the region
this week was 40 per cent of the
19.663 BCM capacity at 7.790
BCM.
ASSAM WELL PLACED
Of the 23 reservoirs in the east-
ern region, two are filled to ca-
pacity and 10 have levels below
50 per cent of the capacity. The
region has a storage capacity of
20.430 BCM and this week, the
Ernakulam KVK to revive legacy of Alangadan
Sharkara, sets up jaggery production unit
Our Bureau
Kochi
In its efforts to rejuvenate
sugarcane farming in the Per-
iyar river basin and restore
the prominence of Alangadan
Jaggery, the Ernakulam
Krishi Vigyan Kendra (KVK)
of ICAR-Central Marine
Fisheries Research Institute
(CMFRI) has established a
jaggery production unit in
Alangad.
This is in continuation of
the demonstration of sugar-
cane farming in the locality.
The equipment for the unit
are purchased with funding
from the Agricultural Tech-
nology Application Research
Institute (ATARI),
Bengaluru, and the building is
sponsored by the Alangad
Co-operative Bank. The
whole project is being imple-
mented in collaboration with
the Alangad Grama Pan-
WEATHER HOLDS THE KEY. The Agriculture Ministry has
reported a targeted production of 114 mt this year, with no
significant rise in temperature to date. Consistent weather conditions
for the next 15-20 days could lead to a bumper wheat harvest
managed to check any fur-
ther spiral through a num-
ber of steps including open
market sales for processors
and select retailers in co-
operative sector at subsid-
ised rates.
In most of the chakkis
(small wheat flour pro-
cessing units), atta is sold
at around ₹32-33/kg in na-
ment has also decided to of-
fload 1.5 mt of Bharat rice
to retail consumers through
Nafed and NCCF as about
20,000-30,000 tonnes have
been sold already since its
launch.
‘POINTLESS’
Chopra said Uttar Pradesh
on Thursday consented to
start procurement of wheat
from March 1 and other
States may also follow a
similar model, depending
on the crop arrival.
The Centre has already
asked wheat growing States
to prepare procurement as
level was 11.386 BCM or 56 per
cent. Assam continued to be the
only State where the storage
was more than double the nor-
mal, while Odisha (-5 per cent),
West Bengal (-10 per cent),
Nagaland (-17 per cent) and Bi-
har (-57 per cent) had below
normal levels.
The level in 49 reservoirs of
the western region was 55 per
cent of the 37.130 BCM capacity
at 20.539 BCM. The storage in
18 of them is below 50 per cent
of the capacity with Maha-
rashtra having a level that is 15
per cent lower than normal.
In the central region, the
storage in Uttar Pradesh (-28
per cent) and Chhattisgarh (-21
per cent) was below normal. Of
the 26 reservoirs, the level in 16
is below 50 per cent of the capa-
city. This week, the storage was
53 per cent of the 48.227 BCM
capacity at 25.403 BCM.
At least 26 per cent of the
country is reeling under
drought, according to the US
National Oceanic and Atmo-
spheric Administration’s World
Drought Monitor report.
SWEET PROPOSITION. The aim of this demo is to create
top-notch jaggery sans chemicals, while setting up a branded
marketing avenue for Alangadan Sharkara, with potential for
a GI tag down the line
chayath. Sugarcane has deep-
rooted historical significance
in Kerala, particularly in the
Periyar river basin, where it
has been traditionally cultiv-
ated for the production of jag-
gery, a cherished sweetener.
Sugarcane farming in Ker-
ala has faced challenges in re-
cent decades, including low
profitability, high labour
tional capital region of
Delhi, whereas the govern-
ment is selling at ₹27.50/kg
in 10-kg bag through co-
operatives Nafed, NCCF
and Kendriya Bhandar.
Official data show that
the pan-India average retail
prices of wheat declined to
₹30.88/kg (0.68 per cent) in
a week as on February 20;
early as possible, preferably
from first fortnight of next
month.
“There is no point to con-
tinuing OMSS as the re-
serve price of wheat in the
weekly e-auction has been
fixed at ₹2,125-2,150/
quintal whereas the govern-
ment will buy at the new
MSP which is ₹2,275.
In case of continuation of
OMSS, there is a scope of
recycling and the same
grain coming into the gov-
ernment reserve again,” an
official source said.
Due to the liberal sales of
wheat from official re-
Our Bureau
New Delhi
The Union government has
ruled out any possibility of
relaxing its restriction on
sugarcane juice/syrup and
B-Heavy molasses (BHM)
for making ethanol. Sources
pointed out that this is due
to the fear of sugarcane pro-
duction being the similar or
less next year as flagged by
some cane-growing States.
Briefing media a day after
Wednesday’s decision of the
Centre to hike sugarcane
fair and remunerative price
(FRP) by ₹25/quintal for the
next season (October-
September), Union Food
Secretary Sanjeev Chopra
said, “There is no proposal
to relax the restriction.”
Due to a drop in produc-
tion of sugarcane, the gov-
ernment has not permitted
any sugar export, except
small quantities on govern-
ment-to-government diplo-
matic requests. The govern-
costs and competition from
cheaper alternatives. Con-
sequently, the quality and
quantity of jaggery, especially
the renowned Alangadan
Sharkara, have witnessed a
decline.
KVK planted the CO 86032
variety, a high-yielding and
disease-resistant sugarcane
strain released by ICAR-Sug-
while its wholesale prices,
too, dipped to ₹2,748/
quintal (0.76 per cent). But
the negative inflation in
wheat is more steep year-
on-year – 0.87 per cent in
both retail and 1.6 per cent
in wholesale as on February
20.
RICE EXPORT DUTY
Meanwhile, the government
has extended the 20 per
cent export duty on par-
boiled rice indefinitely. It
has also decided to continue
allowing the zero-duty im-
port regime for yellow peas,
subject to the Bill of Lading
issued on or before April 30,
2024.
The 20 per cent duty on
parboiled rice was set to ex-
pire on March 31, 2024. The
Finance Ministry notified
the decision after the Com-
mittee of Ministers, headed
by Cooperation Minister
Amit Shah, approved the
proposal, mooted by the
Consumer Affairs and Food
Ministry, sources said.
serves, despite the fact that
it could be below the buffer
norm as of April 1, the
Centre started the OMSS
sales from June 28 and
promised to offload as
much as possible so that
prices do not flare up.
Except the first three
auctions, when there was
minimal lifting due to sev-
eral restrictions, the overall
offtake in every auction was
good throughout the period
— over 95 per cent.
The government, too,
raised the offered quantity
from 0.184 mt per week to
0.5 mt a week now.
ment has also capped the
sucrose diversion towards
ethanol at 17 lakh tonnes for
the whole season, while al-
lowing mills/distilleries to
use only C-Heavy molasses
in which sucrose content if
almost nil.
‘INDUSTRY FACING LOSS’
Sources said some mills in
Maharashtra have produced
ethanol out of BHM, even
after government imposed
the restriction, and are now
requesting for some relaxa-
tion.
Meanwhile, industry
body Indian Sugar & Bio-en-
ergy Manufacturers Associ-
ation (ISMA), in a state-
ment, said the stoppage of
sugar diversion to ethanol is
leading to build up of excess
sugar stocks and fall in the
prices to sub optimum
levels causing losses to the
industry.
“This can lead to delay in
payments and stress to the
financial arrangements with
the banks. We are optimistic
arcane Breeding Institute,
Coimbatore, specifically for
jaggery production.
PROJECT’S OBJECTIVE
The primary goal of this
demonstration is to produce
chemical-free, high-quality
jaggery and establish a
branded marketing channel
for Alangadan Sharkara, po-
tentially earning a Geograph-
ical Indication (GI) tag in the
future. The project has
garnered support and guid-
ance from Indian Institute of
Sugarcane Research, Luc-
know, which is providing
technological expertise for
the jaggery unit.
Furthermore, the initiat-
ive aims to create opportunit-
ies for value addition and in-
come generation by
exploring other sugarcane-
derived products such as
bottled juice, liquid jaggery,
and vacuum-evaporated
jaggery.
Indian farming getting
insulated from climate
change: ICAR D-G
KV Kurmanath
Hyderabad
Climate change is here and
adversely impacting several
sectors, including agricul-
ture in countries like India.
The ICAR (Indian Council of
Agricultural Research) says
the country is able to insulate
agriculture from the adverse
effects of climate change.
“In the last three years, we
released over 700 climate
smart varieties in different
crops. The fact that wheat
continues to perform well is
because of the climate smart
varieties that we have de-
veloped. Currently about 70
per cent of the wheat area in
the country is cultivated with
heat tolerant and other cli-
mate smart varieties,” Hi-
manshu Pathak, Secretary of
DARE and Director-General
of the Indian Council of Agri-
cultural Research, told
businessline.
“One of the reasons the
yields and productivity were
not impacted in the last two
years despite the changes in
climate is the climate smart
varieties. This year also we
are predicting very good
yields of wheat,” he said.
Pathak was here to take
part in the two-day national
seminar on smart technolo-
gies for sustainable agricul-
ture and environment at the
ICAR-CRIDA (Central Re-
search Institute for Dryland
Agriculture). “Similarly, we
have 30-40 varieties in rice
that can withstand submer-
gence,” he said.
MILLET VARIETIES
Tara Satyavathi, Director of
ICAR-Indian Institute of Mil-
lets Research (IIMR), said
out of the 700 climate smart
varieties, 40-45 varieties
were in millets.
“The country made strides
in agriculture. Despite these
that the necessary policy in-
terventions as being prayed
by ISMA will be taken imme-
diately for the current sea-
son which can lead to timely
payment to the cane farmers
this season,” it said.
ISMA has suggested the
government to buy 4-5 mil-
lion tonnes (mt) of sugar
every year from the industry
at the minimum selling
price (MSP) recommended
by the Commission for Agri-
cultural Costs and Prices
(CACP) so that the industry
can continue to support the
ethanol blending pro-
Initiate fresh shorts on zinc
Akhil Nallamuthu
bl. research bureau
Zinc futures (February con-
tract) on the Multi Com-
modity Exchange (MCX)
bounced off the support at
₹204 last week. It marked a
high of ₹216.5 on Monday
and has softened from
there to close at ₹213.4 on
Wednesday.
COMMODITY
CALL.
The chart shows that
₹216 is acting as a resist-
ance, where the 20-day
moving average (DMA) co-
incides. As it stands, a rally
past ₹216 is less likely.
Even though there could
be a bullish trend reversal,
we expect it to happen
after zinc futures retest
₹205 from the current level
and then establish the
uptrend.
So, there is an opportun-
ity to go short at the cur-
rent level.
DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
In the last three
years, 700 climate
smart varieties in
different crops
were released
successes it faces several
challenges, including water
scarcity and labour shortage.
To address all these chal-
lenges, we need new techno-
logies and smart technolo-
gies. We need to integrate
our traditional farming with
modern science and modern
96eed26b-6814-45ab-804d-2e0baf8d4232
technologies,” Pathak said.
“These interventions will
help vast majority of farmers
will be able to improve pro-
ductivity of the crops and
profitability. Today’s agricul-
tural research and develop-
ment, we need to imbibe all
good aspects of other discip-
lines including phyisics,” he
said.
“We are promoting digital
agriculture. We are doing it
in every aspect of agriculture,
including sowing of seeds,
harvesting, processing and
marketing – in all area new
technologies are coming,”
said Pathak.
The D-G said ICAR was
promoting physics in agricul-
ture. “Components of phys-
ics will help agriculture in the
changing the agricultural
scenario. This is more im-
portant as we talk about di-
gital agriculture, artificial in-
telligence, remote sensing
and drones in agriculture,”
he said.
gramme (EBP) without get-
ting impacted by any sudden
policy changes.
FRP TO HELP GROWERS
The association of private
sector sugar mills also said
the increase of FRP from
₹315/quintal in current sea-
son to ₹340 next season will
help five crore sugarcane
farmers and their family
members. The increase will
also help sugarcane retain
its competitiveness vis-a-vis
other crops – paddy and
maize.
Seeking pricing of eth-
anol should be based on the
FRP, ISMA also said the MSP
should be suitably revised to
about ₹3,900/quintal based
on the FRP of ₹340.
According to Girish kKu-
mar Kadam, senior vice-
president and group head of
ICRA, after the FRP hike,
the cost of sugar production
is likely to increase by ₹2.40/
kg for Maharashtra and
Karnataka which follow the
FRP model.
That said, if zinc futures
break out of ₹216 without a
decline to ₹205, it can ex-
tend the upswing to ₹222,
where the 50-DMA cur-
rently lies. Resistance
above ₹222 is at ₹230.
TRADE STRATEGY
Liquidate the longs that we
suggested ₹209 last week
now at around ₹213. Then,
initiate fresh short on zinc
futures at the current level.
Add shorts in case the price
moves up to ₹215. Place
stop-loss at ₹218.
When the contract slips
below ₹210, tighten the
stop-loss to ₹213. Book
profits at ₹205.
... . . . . . . ND-NDE
 news . bl . 11
DELHI

businessline.
FRIDAY - FEBRUARY 23 - 2024

QUICKLY.
IFFCO ranks first among
top 300 co-operatives
New Delhi: IFFCO, one of the
leading fertilizer players in the
country, has been ranked first
among top 300 co-operatives in
the world. Indian Farmers
Fertiliser Cooperative Ltd
(IFFCO) has again been ranked as
top co-operative among top 300
co-operatives in the world,
sustaining its position from the
last year, according to a
statement on Thursday. The
ranking is based on the ratio of
turnover over GDP per capita. PTI
Cong chief Mallikarjun Kharge
given Z-plus security
New Delhi: Ahead of the Lok
Sabha elections, Congress
president Mallikarjun Kharge has
been granted Z-plus security
across the country, official
sources said. The decision was
taken by the Union Home
Ministry early this month based
on the threat perception of
Kharge, they said. Commandos
of the CRPF will provide the
Z-plus security to Kharge. PTI
96eed26b-6814-45ab-804d-2e0baf8d4232
FDI liberalisation in space sector will push growth: Modi
AIMING FOR THE STARS. Says updated FDI policy opens up ‘galaxy of opportunities’; stakeholders expect reforms to enhance India’s share in global space industry
Shishir Sinha
New Delhi
Prime Minister Narendra
Modi on Thursday said fur-
ther liberalisation of for-
eign direct investment
(FDI) in the space sector
will push growth and in-
novations. Meanwhile, the
industry hopes that such a
move will help India ex-
pand its footprint in the
global space industry.
Late on Wednesday, the
government had an-
nounced easing FDI norms
in space sector by allowing
100 per cent overseas in-
vestment in manufacture
of components for satel-
lites, as part of efforts to at-
tract overseas players and
private companies into the
segment.
The decision was taken
at the Cabinet meeting.
“Charting new orbits for
growth and innovation!
Our government has up-
dated the FDI policy in the
space sector, paving the
way for a galaxy of oppor-
tunities,” Modi wrote on X.
In a separate post, Com-
merce & Industry Minister
Piyush Goyal said that this
reform will encourage
greater FDI inflows, en-
hance ease of doing busi-
ness, growth in invest-
ments and boost income
and employment
opportunities
AUTOMATIC ROUTE
According to a government
statement, the satellite
sub-sector has now been
divided into three different
activities with defined lim-
its for foreign investment
in each such sector, accord-
ing to an official statement.
Presently, FDI in the space
sector is allowed up to 100
per cent in the area of
satellite establishment and
operations through gov-
ernment route only.
By changing the current
policy, the government has
allowed up to 74 per cent
and receiving spacecraft.
Beyond 49 per cent, FDI in
these activities would re-
quire government ap-
proval, it added.
Further, up to 100 per
cent overseas investments
are permitted under the
automatic route for manu-
facturing of components
and systems/sub-systems
for satellites, ground and
user segments.
MORE POSITIVES
The industry hopes this de-
cision will bring more pos-
itives for the sector. Lt.
Gen. AK Bhatt (Retd.), Dir-
ector General, Indian
Space Association (ISpA)
said that the liberal FDI
limits will boost the confid-
GAZING SKYWARD. The Centre has allowed 100 per cent overseas investment in manufacturing ence of all space industry
of components for satellites PTI members, including the
biggest global players in
the space and satellite do-
FDI under automatic route Beyond this limit, gov- through the automatic main.
in satellites manufacturing ernment approval will be route for launch vehicles “This will give India, ac-
and operation, satellite required in these areas for and associated systems or cess to the latest tech ad-
data products, and ground FDI, it said. Up to 49 per subsystems, creation of vances and much-needed
and user segments. cent FDI is allowed spaceports for launching funds not only from the
country but from interna-
tional investors too. At
present, the space sector in
India accounts for little
over about 2 per cent of the
global space economy and
this move will help the
country to gain a much lar-
ger pie in the global mar-
ket,” he said.
Sanjay Nekkanti, CEO of
Dhruva Space, hoped that
the decision would pave
the way for unprecedented
growth and innovation,
fostering a new era of space
exploration and commer-
cialisation in India.
“As a full-stack space en-
gineering solutions com-
pany, Dhruva Space —
building, launching and op-
erating satellites — is
poised to leverage these
opportunities to make sig-
nificant contributions to
the global space com-
munity and achieve re-
markable milestones
across collaboration, in-
novation, capacity building
and growth,” he said.

CCS clears ₹19,000-cr Navy deal for 200 BrahMos missiles
Dalip Singh
New Delhi
The Cabinet Committee on
Security (CCS) has given its
nod for acquisition of over
200 BrahMos Extended
Range (ER) supersonic
cruise missiles for deploy-
ment on Indian Navy
warships.
The deal worth ₹19,000
crore was cleared by CCS in
its meeting held on Wednes-
day night.
A formal agreement to roll
out the process of induction
of the weapons into the In-
dian Navy between the Brah-
Mos Aerospace and Ministry
of Defence (MoD) is expec-
ted to be signed early next
month, said government
sources.
The move comes after the the Bay of Bengal on Novem- ried out from a Kolkata/Vi-
Indian Navy successfully ber 1. sakhapatnam class guided
tested the supersonic cruise Later in the same month, destroyer.
missile, which has an exten- another test fire to test the
ded range of 400 to 500 km, extended range of the super- MORE PRECISE
from a Rajput class frigate in sonic cruise missile was car- The Navy is already armed
with the previous version of
BrahMoS, having a range of
nearly 300 km, and the ER
variant not only has the cap-
ability to cover more dis-
tance but also ability to fire
with more precision,, a naval
expert said.
The Navy in March 2023
ordered 200 BrahMos mis-
siles in a deal valued at $2.5
billion, while the Indian Air
Force (IAF) was the first to
place the order way back in
2012 for same quantity of
quickest missile in the world
BIG DRAW. Foreign countries, especially ones in Southeast Asia at a cost of $1 billion.
and the Middle East, have also shown interest in the BrahMos And the Army is re-
after the firm inked a $375 million deal with Philippines for export portedly equipped with five
of its missiles regiments of BrahMos, which
comes to over 300 missiles.
All the three variants of ex-
tended versions of BrahMos,
a joint venture between India
and Russia, have been suc-
cessfully test launched from
land, air, ship and submar-
ines successfully since the
last October.
Foreign countries, espe-
cially ones in Southeast Asia
and the Middle East, have
also shown interest in the
BrahMos after the company
inked a $375 million deal
with Philippines for export of
its missiles, said government
sources.
Brahmos Aerospace
Chairperson, Atul Rane, had
said last year that the missile
project has achieved 75 per
cent indigenous capability
and they were looking at
sales target of $5 billion by
2025.
Centre hopeful of resolving farmers’
protest before wheat procurement season
Our Bureau
New Delhi
Food Secretary Sanjeev
Chopra on Thursday said
that the government is hope-
ful of a resolution for the
farmers’ protest before the
commencement of the wheat
procurement season from
March. Chopra, who was also
part of the official team that
accompanied the three
Union ministers to Chand-
igarh for the talks with farm-
ers, does not see the ongoing
stir impacting wheat pro-
curement in any way.
Briefing media in New
Delhi, he said that the gov-
ernment is willing for further
talks and address all the con-
cerns of the protesting farm-
ers, who have been demand-
ing legal guarantee of
minimum support price
(MSP) and implementation
of the Swaminathan formula.
“As told by the Agriculture
Minister, we are willing for
further talks. We are happy to
talk to them. Probably, we
were not able to communic-
ate the full intent. I think
constant communication
will help resolve the commu-
nication gap,” Chopra said.
‘WHY NO FIR’
The Congress party on
Thursday demanded that a
special session of Parliament
be convened to discuss the
pressing issues of the farm-
ers. It also urged the Punjab
government to convene a
similar session of the state
assembly to deliberate on the
issue. Addressing a press con-
96eed26b-6814-45ab-804d-2e0baf8d4232
ference at the AICC
headquarters, Chairman of
Congress’ farmer cell Sukh-
pal Singh Khaira condemned
the ‘brutal’ use of force by the
Haryana government on
farmers of Punjab. He
wondered why the Punjab
government had not yet re-
gistered an FIR over the
killing of a farmer in its
territory.
The Samyukta Kisan
Morcha on Thursday deman-
ded the registration of a
murder case against Haryana
Chief Minister and the Hary-
ana Home Minister over the
death of a protesting farmer.
Trinamool Congress MP
Saket Gokhale has also taken
up the issue by writing to the
National Human Rights
Commission, demanding an
enquiry.

Confident of India’s growth at 6-8% for next 10 years: Ashwini Vaishnaw
Press Trust of India
New Delhi
Union Minister Ashwini
Vaishnaw on Thursday ex-
pressed confidence that India
will continue to have 6-8 per
cent consistent growth rate
over the next 10 years, as he in-
vited global players to innov-
ate in the country for the do-
mestic and world markets.
India is open to the world, and
to new ideas, Vaishnaw, the
Minister of Railways, Commu-
nications and IT, said while
speaking at the Raisina Dia-
logue 2024. He nudged the
global community to “come
here, innovate here for India...
for the world.” “The Indian
economy is growing at a con-
sistent clip at a very good rate.
In the next 10 years, India will
continue to see a 6-8 per cent
consistent growth rate... I can
say that with a high level of
confidence,” Vaishnaw said.
TECH TALK. Union Minister Ashwini Vaishnaw in conversation
with the MD of Apple India, Virat Bhatia, at the Raisina Dialogue
2024, in New Delhi, on Thursday PTI
The building blocks for this
are already in place and the
results are visible, he said, out-
lining various initiatives taken
by the government under
Prime Minister Narendra
Modi.
Improvement in physical
and digital infrastructure, edu-
cation and skilling, as well as
innovation and development,
has bolstered the country’s
growth. The next five years
will further lay the foundation
for India to become a de-
veloped country by 2047, he
said. The focus over the next
five years will be on the full
spectrum of manufacturing,
upliftment through educa-
tion, and infusion of techno-
logy in the healthcare sector,
among other priorities, ac-
cording to him.
External Affairs Minister
S Jaishankar with President of
the World Economic Forum
Børge Brende PTI
The Minister further said
that in the current global geo-
political backdrop, many old
structures are getting revised,
and added it is time to reposi-
tion the country. The world is
looking to India as a trusted
geography and large talent
pool. Vaishnaw further said
the government and private
sector must work in unison
and harmony, and termed di-
gital payments as a “classic
case” of a public-private part-
nership. The government, he
said, is a firm believer of pub-
lic-private partnership be it
development of telecom stack,
digital stack or
semiconductors.
The Indian economy should
be seen with the prism of real-
ity, the Minister said, noting
that the public sector had
played an important part cre-
ating an ecosystem after inde-
pendence, as it stepped-in
when private sector was not in
a position to take big, bold
risks, but noted that the initial
phase of productivity went
down in the following years.
The India-Nordic-Baltic
Eight meeting was held on
Thursday on the sidelines of
the Raisina Dialogue here with
External Affairs Minister S
Jaishankar saying the ex-
change of perspectives on re-
gional, global and multilateral
issues was extremely useful. In
a post on X, Jaishankar said he
was pleased to host the India-
Nordic-Baltic 8 meeting and
thanked the foreign ministers
of Sweden (Tobias Billström),
Finland (Elina Valtonen),
Denmark (Lars Løkke
Rasmussen), Estonia (Margus
Tsahkna), Latvia Krisjanis
Karins, and representatives of
Norway, Iceland and
Lithuania for joining.
“Clean and green technolo-
gies, digital and cyber coopera-
tion, high quality skills and
global supply chains hold great
promise for our future en-
deavors,” the minister said.
The exchange of perspect-
ives on regional, global and
multilateral issues was ex-
tremely useful, Jaishankar
said.
In another post, the EAM
said he was delighted to unveil
the logo celebrating 75 years of
India-Finland diplomatic ties
along with that country’s for-
eign minister Valtonen.
CBI searches premises linked
to former J&K Governor
Satya Pal Malik, others
Our Bureau
New Delhi
About eleven months after re-
gistering an FIR, the Central
Bureau of Investigation (CBI)
is carrying out searches at 30
premises linked to former
Jammu and Kashmir Gov-
ernor Satya Pal Malik and
others as part of the probe
into Kiru Hydropower pro-
ject corruption case.
It’s learnt that around 100
CBI officials were involved in
the searches at locations in
Gurugram, Chandigarh,
Patna, Delhi, Jodhpur,
Barmer, Noida and Baghpat
associated with Malik and
others involved in the case of
awarding civil contract for
Kiru Hydro Electric Project,
worth ₹2,200 crore. Of them,
eight premises, including
three flats in Gurugram and
an apartment in Asiad Games
ducted at over 30 locations
spread across eight States and
UTs. “During searches evid-
ence of huge cash deposits,
investment in fixed deposits,
investment in properties in
various cities, digital and doc-
umentary evidence, etc. have
been recovered,” the spokes-
person said.
‘MISUSE OF AGENCIES’
Malik, who has been admitted
in a hospital for the past few
days, posted on social media
to confirm the raids were tak-
ing place at his residence.
“Despite my illness, my resid-
ence is being raided by au-
thoritarian forces. My driver
and assistant are being need-
lessly harassed through these
searches,” he lamented in a
post on X.
Malik claimed the searches
at his premises are an off-
shoot of his complaint expos-
ing people allegedly involved

Captive, commercial mines to eat into CIL’s share by end of decade
Rishi Ranjan Kala Share of coal mining companies
New Delhi
in domestic supplies
The production from captive Fiscal Year CIL
and commercial mines, which FY21 83
accounted for 10 per cent of FY22 81
India’s domestic supplies in FY23 79
FY21, is expected to increase FY24 77
its share to 19 per cent by the
FY25 74
end of the decade, eating into
the share of mining behemoth FY26 76
Coal India (CIL). FY27 75
According to the integrated FY28 74
coal logistics plan, which was FY29 75
approved by the Empowered FY30 75
Group of Secretaries on PM Source: Coal Ministry
Gati Shakti National Master
Plan in December last year, In- crease from around 79 per
dia’s total domestic supply is cent in FY23 to about 75 per
expected to more than double cent in FY30 due to expected
from 691.39 million tonnes exponential capacity expan-
(mt) in FY21 to 1,500 mt in sion increase in commercial/
FY30. captive coal mining,” the plan
Of this, the share of CIL, said.
which accounted for 83 per However, 95 mt of non-sub-
cent of total domestic supplies stitutable G1-G8 grade steam
in FY21, will drop to 75 per and bituminous coal would
cent by FY30, while the share still need be imported in the
of Singareni Collieries Com- near to medium-term future,
pany (SCCL) will drop from 7 it added.
per cent to 6 per cent during
the same period. “CIL’s share EVOLVING DYNAMICS
of supply in the domestic pro- However, if the overall supply
duction portfolio will de- mix, including imports is ana-
CM
YK
(in %)
SCCL Captive/ Commercial
7 10
8 11
7 14
7 16
6 20
6 18
6 19
6 20
6 19
6 19
lysed, the share of CIL will
grow from 63 per cent in FY21
to 66 per cent by the end of the
current decade. The Maha-
ratna company supplied
578.48 mt of coal to various
sectors in FY21, which will
swell to 1,120 mt by FY30.
Similarly, the share of
SCCL, the country’s second
largest coal producer, will
grow from around 5 per cent
in FY21 to 6 per cent in FY30.
The south India-
headquartered company’s
supplies will increase from
48.51 mt to 100 mt. However,
the share of captive and com-
mercial mines will witness the
largest growth. Captive and
commercial miners accounted
for just 7 per cent, or roughly
68.8 mt of coal supplied in
FY21, which is likely to grow to
17 per cent or 281 mt by FY30.
The share of imports, which
stood at a whopping 25 per
cent (228 mt) in FY21, will de-
cline to 11 per cent (191 mt)
by FY30. Overall, India’s total
coal supply will grow from
919.71 mt in FY21 to 1,692 mt
in FY30.
COMMERCIAL MINING
Sources said that Coal Min-
istry’s concerted push to pro-
mote mining by private sector
entities will aid the growth in
output of the critical com-
modity, which accounts for a
lion’s share of India’s power
generation, by the end of the
decade.
Coal will remain the main-
stay for power generation in
the country by the end of the
current decade. However, the
share of power generated
from non-fossil fuel sources
will account for half of the gen-
eration by FY30.
Village in Delhi, are said to be
linked to Malik. This is the
second raid in the case, with
in corruption. “They won’t
get anything except a few kur-
tas and pyjamas. The dictator
the first one taking place in is trying to scare me by misus-
Electricity generation in In- 2,742 billion units (BU) by January. A CBI spokesperson ing government agencies,” he
dia is expected to grow at a FY30. said the searches were con- wrote on X.
compound annual growth rate
of 6.1-7.8 per cent till 2030 on
account of growing industrial
and commercial activities as
well as increasing demand
from households. “It is im-
portant that private sector
mining grows so that higher
demand is met. Besides, this
will also open up avenues for
production of coal bed meth-
ane and other value added
products, which will further
strengthen the economy,” a
top official explained.
Electricity generation is es-
timated to be around 2,451-
... . . . . . . ND-NDE
 12 . bl . news
QUICKLY.
US cellular outage hits
thousands of AT&T users
New York: Large swathes of the
US were hit by a cellular outage
early on Thursday, with
thousands of users reporting
disruptions with the services
offered by telecom firms,
including AT&T. More than 32,000
outage incidents were reported
with AT&T's service around 4:30
am ET, according to data from
Downdetector.com. REUTERS
China asks ICJ to speak
against Israeli occupation
Amsterdam: China asked the
International Court of Justice
(ICJ) to give its opinion on Israel’s
occupation of Palestine, which it
said was illegal. “Justice has been
long delayed, but it must not be
denied,” China’s Foreign
96eed26b-6814-45ab-804d-2e0baf8d4232
Ministry’s legal adviser told the
court in The Hague. REUTERS
ED upgrades lookout circular against Byju’s promoter
Press Trust of India
New Delhi
The Enforcement Director-
ate has upgraded its look out
circular (LC) issued against
Byju’s founder and CEO
Byju Raveendran in connec-
tion with a FEMA probe,
seeking to stop him from go-
ing abroad. The earlier alert
meant that immigration au-
thorities had to just intimate
the agency about his move-
ments through various
ports.
Official sources said that
the over an year old LC was
revised sometime back in
light of investors’ concerns
Indonesia eyes 1.2 million visitors from
India with visa-free access, extra flights
Aneesh Phadnis
Mumbai
The Indonesian Tourism
Ministry hopes to double
Indian tourist arrivals to
1.2 million in 2024 with ad-
ditional flights and a pro-
posed visa-free entry
scheme. Last year, Indone-
sia received 11.7 million
tourists from around the
world, which was 98 per
cent higher compared to
2022.
This included 6,10,000
Indian citizens. Indian ar-
rivals in 2023 were slightly
lower than the pre-Covid
number.
Pre-pandemic, Indonesia
offered visa-free access to
tourists from 169 coun-
tries. Now, the government
is planning to reintroduce
visa-free entry to citizens
from 20 countries, includ-
ing India. “We hope that
will materialise soon,” said
Putin takes flight on nuclear-capable strategic bomber
Bloomberg
President Vladimir Putin flew
on one of Russia’s newest stra-
tegic bombers, which is cap-
able of carrying nuclear war-
heads, a show of military might
as his war in Ukraine appears
to turn in his favour.
Putin took off for a 30-
minute flight in the Tu-160M
from an aircraft plant that pro-
duces the jets in Kazan, 720
kilometers (450 miles) east of
Moscow, the Interfax news ser-
vice reported. The bomber’s
route wasn’t disclosed, said
Kremlin spokesman Dmitry
Peskov, according to Interfax.
“We’re receiving new tech-
nology, excellent equipment,”
said Putin after the flight, ac-
cording to state-run Tass news
agency, adding the plane would
be put into service by the Air
Force.
Putin took the trip as he’s
seeking a fifth presidential
term in elections next month
CM
YK
PM lauds rapid growth of dairy sector
with turnover topping ₹10-lakh crore
WHITE REVOLUTION. At Amul’s golden jubilee, credits women power for sector growing at world-beating 6%
Avinash Nair
Ahmedabad
Even as one set of farmers in
the country were engaged in a
protest march, another set of
farmers – numbering over a
lakh – were participating in a
colourful celebratory event in
Ahmedabad. The golden ju-
bilee festivities of Gujarat Co-
operative Milk Marketing Fed-
eration (GCMMF), which
owns brand Amul, at the Nar-
endra Modi stadium, was a tri-
umphant event, marked by lilt-
ing folk songs, rousing
speeches and significant an-
nouncements.
Over 2,000 buses ferried in
dairy farmers from 18,600 vil-
lages in the State, and the sta-
dium was a sea of white caps
with Amul branding as they
settled down to listen to the
Prime Minister.
Addressing the farmers, the
PM pointed out that the
turnover of India’s dairy sector
and ongoing adjudication of
a FEMA contravention case
against Raveendran and oth-
ers. Byju’s did not comment
on the development.
Raveendran is currently
stated to be in Dubai.
The ED has asked the Bur-
eau of Immigration to up-
grade the LC against
Raveendran so that he is not
allowed to go abroad from
any Indian land, air or land
port before the investigating
officer (IO) of the case is
informed.
NEW LC
Under the new LC, it will be
the decision of the IO to
either totally stop his for-
TAKING WINGS. Last year, IndiGo and Vistara commenced
Mumbai-Jakarta and Delhi-Bali flights
Ni Made Ayu Marthini, In-
donesia’s Deputy Minister
for Marketing (Ministry of
Tourism and Creative eco-
nomy).
Flight connectivity is
also increasing between the
two countries. Last year,
IndiGo and Vistara com-
menced Mumbai-Jakarta
and Delhi-Bali flights. On
Tuesday, IndiGo announced
daily flights between
that he’s all but certain to win.
The demonstration of Russia’s
nuclear capability comes as its
invasion of Ukraine ap-
proaches a second full year on
Saturday, with Putin’s forces
on the offensive after captur-
ing the eastern city of Avdiivka.
The trip wasn’t Putin’s first
in a military airplane. He flew
in an earlier version of the
Tu-160 during military drills in
2005. In 2000, he joined a
Su-27 fighter jet flight, briefly
taking over the controls mid-
air, the Kremlin said at the
time.
FASTEST BOMBER
The Russian Defense Ministry
has said the Tu-160 is the fast-
est missile-carrying bomber in
service in the world, capable of
reaching speeds up to 2,200
kilometers per hour (1,370
mph).
By contrast, the US’s B-1B
Lancer strategic bomber has a
speed of more than 900 mph,
according to the Air Force.
UPBEAT. Prime Minister Narendra Modi at the golden jubilee celebration of GCMMF, in
Ahmedabad, on Thursday VIJAY SONEJI
had crossed ₹10-lakh crore,
and the country’s dairy sector
was growing at a faster pace
than the world’s dairy sector.
“While the world’s dairy sec-
tor is growing at just 2 per cent,
India’s dairy sector is growing
at 6 per cent,” he said.
The Prime Minister also
launched five dairy projects in
Byju Raveendran
eign travel, or allow him to
do so after asking some
questions and getting assur-
ances, the sources said. The
LC in operation till now
Bengaluru and Bali from
March 29. Air India, too, is
planning a service between
Delhi-Jakarta, but is yet to
finalise the details.
Apart from promoting its
luxury resorts in Bali for
wedding groups and luxury
travellers, the Tourism
Ministry is also pitching
other lesser-known destina-
tions in the country. “Indi-
ans are the second-largest
MILITARY MIGHT. Russian President Vladimir Putin gets ready to fly on a modernised Tu-160M
nuclear-capable strategic bomber, in Kazan, on Thursday REUTERS
Gujarat worth over ₹1,200
crore, which includes a dairy
plant being set at Navi Mum-
bai by Bharuch Dairy.
WOMEN POWER
PM Modi said it was “women
power” that was largely driv-
ing India’s dairy sector. “If the
total turnover from the cumu-
against Raveendran only
stipulated the immigration
authorities to inform the ED
about his entry and exit
from the country. The
agency, in November last
year, had slapped a foreign
exchange violation show
cause notice of more than
₹9,300 crore against Byju’s
and Raveendran.
The federal probe agency
spelled out multiple
grounds for charging the
edtech company and its
chief promoter that in-
cluded charges of failing to
submit documents of im-
ports against advance remit-
tances made outside India;
and failing to realise pro-
group of foreign tourists in
Bali after Australians.
“At a national level, India
is ranked sixth-largest in-
bound source market. In-
donesia is made up of
17,000 Islands, and we
want Indians to travel bey-
ond Bali and explore other
destinations in the country,
too,” said Marthini on the
sidelines of OTM event in
Mumbai.
NEW LEVY
From February, Indonesia
began charging a levy on
foreign tourists visiting Bali
(around ₹800 per person).
The fee is being collected
to support the protection
of Bali’s environment and
local culture.
“Currently, there is no
impact on tourist arrivals
in Bali due to the levy,”
said R Wisnu Sindhutrisno,
director of tourism promo-
tion for Asia and Pacific
region.
lative production of wheat,
paddy and sugarcane is taken
into account, it does not equal
the ₹10-lakh-crore turnover of
the dairy sector in India,” said
the Prime Minister.
Amul, which has targeted to
double its processing capacit-
ies in next five years, should
aim to become world’s largest
ceeds of exports made out-
side India by delayed filing
of documents against the
Raveendran, kin won’t attend EGM
Jyoti Banthia
Bengaluru
Byju’s founder Byju Raveendran
and the company’s other board
members, co-founder Divya
Gokulnath and Riju Ravindran, will
not attend the EGM called by a
group of investors on Friday. The
company called the EGM ‘invalid’.
“This EGM is procedurally
invalid, contractually in
contravention of our AOA and
Dubai introduces 5-year multiple-entry visa for Indians
Our Bureau
New Delhi
Dubai has introduced a five-
year multiple-entry visa to
enhance travel between In-
dia and Dubai, reflecting the
commitment to sustained
economic collaboration and
business ties. The visa, is-
sued within two to five work-
ing days, allows a 90-day stay,
extendable once, with a total
stay not exceeding 180 days
in a year, it said at the travel
event SATTE.
Dubai experienced a surge
in tourism from India, wel-
coming 2.46 million
overnight visitors between
January and December 2023,
as reported by the Dubai De-
partment of Economy and
Tourism (DET). This signi-
fies a substantial increase
from the 1.84 million tour-
ists in 2022, surpassing the
pre-pandemic figure of 1.97
million visitors in 2019,
showcasing an impressive 25
per cent growth.
India, with a remarkable
34 per cent year-on-year
dairy company as soon as
possible.
Pointing out how Amul
stands for “trust”, “people’s
cooperation” and “farmers’
strength”, Modi said Amul “is
an excellent example of co-
ordination between govern-
ment and cooperative bodies”.
“It is due to such efforts we
are the biggest milk producers
of the world. About 8 crore
people are directly connected
to India’s dairy sector. In the
last 10 years, there is a 60 per
cent increase in the milk pro-
duction in the country; the per
capita availability of milk has
risen 40 per cent,” said the
Prime Minister.
Praising the farmers associ-
ated with GCMMF, Modi said
the sapling planted 50 years
ago by Gujarat’s farmers has
taken the shape of a huge tree,
whose branches have exten-
ded overseas. “After India’s in-
dependence, a lot of brands
were built, but none like
Amul,” he added.
Foreign Direct Investment
(FDI) received into the
company, among others.
SHA, legally on the wrong side of
the Companies Act, 2013. Byju
Raveendran or any other Board
member will not attend this invalid
EGM. This means the EGM, if it is
still summoned, will not have the
required quorum and cannot
proceed to discuss or vote on the
agenda. It is the responsibility of
the founders to respect the
established procedures of law and
protect the company’s integrity,”
said a Byju’s spokesperson.
DESERT CHARM. In 2023, Dubai recorded its highest-ever
tourist influx, welcoming 17.15 million international visitors
growth, maintains its posi-
tion as the leading source
market for Dubai, contribut-
ing significantly to the city’s
record-breaking tourism
performance in 2023.
Aligned with the Dubai
Economic Agenda D33,
launched by Sheikh Mo-
hammed bin Rashid Al Mak-
toum, Vice-President and
Prime Minister of the UAE
and Ruler of Dubai, over a
year ago, this growth aims to
consolidate Dubai’s standing
as one of the top three global
NaViGate, Press Sewa portals launched
Our Bureau
New Delhi
The Information & Broadcast-
ing Ministry, on Thursday,
launched various portals, in-
cluding the National Video
Gateway of Bharat (NaViG-
ate) portal, a bilingual plat-
form that hosts videos and in-
formation regarding various
government schemes, initiat-
ives and campaigns.
The Ministry has also
launched the Press Sewa
portal and a digital media and
ebilling system or Central
Bureau of Communication. It
has also kickstarted the pro-
cess to develop a national re-
gister for lcoal cable operat-
ors.
The Ministry said these ini-
tiatives are aimed at “ensuring
ease of doing business by fos-
tering a more conducive busi-
ness environment for newspa-
per publishers and TV
channels, enhancing transpar-
ency and efficiency in govern-
India calls for revamp of
UN Security Council
CHANGES AFOOT. The G20 Foreign Ministers’ Meeting, the
first under the Brazilian Presidency in Rio De Janeiro
Press Trust of India
Rio De Janeiro
Underlining that the current
multilateral governance archi-
tecture is “outdated”, India, at
a G20 ministerial meeting
here on Thursday, called for
comprehensive UN reforms,
including the UN Security
Council. Brazil assumed the
G20 Presidency from India on
December 1, 2023, and the
G20 Foreign Ministers’ Meet-
ing (FMM) here is the first
ministerial meeting under the
Brazilian Presidency that was
inaugurated on Wednesday.
In a post on X, Minister of
State for External Affairs V
Muraleedharan said that dur-
ing a session of the G20 For-
eign Ministers’ Meeting on
‘Global Governance Reform’,
he emphasised that the “cur-
rent multilateral governance
architecture is outdated, and
comprehensive multilateral
reforms, through effective,
result-oriented, time-bound
process, are required”.
“Reformed multilateralism
would have 4 elements: mak-
ing international financial in-
stitutions more representat-
ive & effective; improving
working methods of IOs; mul-
tilateral system to work for
common cause, not individual
interests; and comprehensive
UN reforms, including the
UNSC,” he said.
India has been at the fore-
front of efforts at the United
Nations to push for an urgent
long-pending reform of the
Security Council, emphas-
cities for business and leis-
ure.
DET actively participates
in SATTE 2024, India’s
premier trade exhibition,
showcasing Dubai’s offer-
ings and fostering partner-
ships with Indian travel
trade stakeholders.
Bader Ali Habib, Regional
Head of Proximity Markets
at Dubai Department of Eco-
nomy and Tourism, high-
lighted the long-standing re-
lationship with India and the
significant contribution of
ment communication, provid-
ing easy access to authentic
government videos and creat-
ing a comprehensive database
of local cable operators.”
I&B Minister Anurag
Thakur said India is viewed as
an attractive destination for
investment, with global com-
panies eager to establish busi-
nesses in the country.
GOVT SCHEMES
The NaViGate Bharat portal
offers an interactive user in-
terface to search, stream and
download videos related to
various government schemes,
initiatives and campaigns.
Meanwhile, the Press Sewa
Portal has been developed un-
der the Press and Registration
of Periodicals Act, 2023 (PRP
Act, 2023) by the Press Regis-
trar General of India, with an
aim to simplify the registra-
tion procedures.
The Ministry has also intro-
duced empanelment, media
planning and e-billing system
for the Central Bureau of
DELHI
businessline.
FRIDAY - FEBRUARY 23 - 2024
ising that it rightly deserves a
place at the UN high table as a
permanent member.
India also emphasised the
need to address geopolitical
issues constructively and find
common ground.
INDIA’S STAND
Earlier, during a session on
Wednesday, titled ‘G20’s Role
in Dealing With Ongoing In-
ternational Tensions’,
Muraleedharan touched upon
multiple conflict points and
advocated India’s position.
Representing India at the
FMM, Muraleedharan said
96eed26b-6814-45ab-804d-2e0baf8d4232
that on the Russia-Ukraine
war, India called for “an ur-
gent return to dialogue and
diplomacy”, while on the Is-
rael-Palestine conflict, “India
believes in a two-State solu-
tion on the Israel-Palestine is-
sue”.
Asserting that India con-
demns terrorism in all its
forms, he said: “We must not
allow conflict in West Asia to
spread any wider.” Referring
to the attacks on marine ves-
sels in the Red Sea, he emphas-
ised the need for utmost se-
curity on high seas and also
that the safety of sea lanes of
communication “is critical”.
Muraleedharan also drew
attention to the need to ad-
dress “geopolitical issues con-
structively and find common
ground”. Reiterating India’s
stand, he also reminded the
gathering of foreign ministers
that G20, as an economic
forum, should focus on sus-
tainable development goals
and climate change.
Indian tourists to Dubai’s re-
cord-breaking tourism sec-
tor in 2023. The introduction
of the five-year visa is seen as
a strategic step to explore
possibilities between the
UAE and India.
TOURIST ARRIVALS
In 2023, Dubai recorded its
highest-ever tourist influx,
welcoming 17.15 million in-
ternational overnight visit-
ors, reflecting a 19.4 per cent
year-on-year growth. Recog-
nised as the No.1 global des-
tination in the Tripadvisor
Travellers’ Choice Best of
the Best Destinations
Awards 2024 for the third
consecutive year, Dubai’s di-
verse offerings and commit-
ment to excellence in hospit-
ality contribute to its
popularity among global
travellers.
The UAE and India as key
economic partners continue
to foster cultural exchanges,
diplomatic cooperation, and
robust trade ties, making
Dubai a preferred destina-
tion catering to various trav-
eller preferences.
Communication. CBC
provides 360 degree media
and communication solutions
to Ministries, Departments,
PSUs, and autonomous bod-
ies.
“The new system of CBC is
designed to enhance transpar-
ency and efficiency in media
planning processes, and
provide an end-to-end ERP
solution for the media in-
dustry for doing business in a
paperless environment,” the
official statement added.
“National Register for
Local Cable Operators
(LCOs) is the first step to
bring registration of LCOs
currently with Post Offices
spread across the country un-
der a Centralised Registration
System.
“A web form has been de-
signed to collect information
from local cable operators for
the purpose of National Re-
gister. A Centralised portal for
online registration is in the
process of development,” the
Ministry added.
... . . . . . . ND-NDE
 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

20 Micron [5] 153.65 149.30 154.00 156.15 145.00 150.01 200.00 62.80 11 149.80 Cent.Ply [1] 719.65 721.05 719.00 739.20 714.60 80.63 849.35 436.65 46 721.50 Goldiam Int [2] 201.05 201.80 202.80 206.90 196.20 740.42 216.55 120.05 35 201.55 KEC Intl [2] 655.15 663.55 658.60 671.45 652.25 178.47 739.00 442.80 203 665.20
360OneWam 713.70 708.50 719.00 721.10 689.00 220.92 1898.00 395.10 - - Cent.Txt 1437.10 1423.10 1448.55 1456.20 1412.00 179.42 1598.75 588.80 56 1422.95 GoodLuck St [2] 1016.15 998.85 1015.00 1015.05 995.00 68.69 1168.80 365.60 26 1000.45 KEI Ind [2] 3210.45 3116.20 3222.75 3222.75 3100.00 210.07 3420.00 1553.55 51 3117.00
3IInfotech 51.10 52.20 51.50 52.30 50.40 1345.71 63.90 26.25 - - CentDepoSer 1799.60 1824.65 1807.00 1828.90 1793.00 480.39 2067.00 880.90 - - GP Petrol [5] 73.90 75.95 74.50 77.80 72.50 739.94 81.46 30.90 16 76.11 Kellton Tech [5] 97.70 98.10 98.20 98.85 95.90 595.66 111.60 40.53 - 98.12
3m India 31009.25 30515.65 31277.00 31277.00 30411.20 9.31 39809.65 21614.45 69 30574.00 CentrumCap [1] 35.65 38.05 35.95 38.40 35.00 1966.68 41.40 17.50 - 37.98 Granuels [1] 457.35 459.50 461.40 463.10 452.20 1363.01 473.75 267.85 24 459.50 Kesoram In 171.40 170.80 171.90 171.90 168.30 704.51 180.00 54.75 - 170.75
5PaisaCap 580.40 578.00 582.05 586.20 572.00 21.89 759.10 271.25 29 578.50 Cera San [5] 7482.80 7433.85 7457.30 7589.95 7370.00 17.99 9782.25 5885.10 42 7435.90 Graphite [2] 545.50 607.85 551.10 618.50 550.9513370.32 626.00 251.75 99 610.30 Kewal Clo 745.15 760.25 748.90 779.00 730.55 74.63 825.85 364.85 32 760.35
CESC [1] 128.35 130.15 129.00 131.90 126.2010848.63 149.90 62.25 21 130.20 Grasim [2] 2194.00 2201.20 2234.00 2244.00 2113.20 3428.90 2244.95 1521.92 98 2201.10 KeynotFinSer 173.65 177.95 174.15 180.95 169.90 14.21 213.00 77.70 - -
A .............................................. CGPowr&InS [2] 425.95 424.60 429.80 429.90 422.60 1059.42 501.75 276.90 73 425.15 Gravita [2] 900.15 928.05 917.95 942.75 912.00 183.70 1167.05 441.05 35 928.75 KeystnRealtr 738.95 722.55 745.55 750.00 713.10 74.16 750.00 416.05 - -
AaronIndust 257.85 266.80 258.00 269.95 254.35 11.02 326.40 242.00 - - ChaletHotels 829.70 847.80 838.80 860.00 815.10 178.26 890.70 349.70 71 852.20 GreenlamInd [1] 530.15 520.75 524.80 531.90 515.40 35.18 626.15 282.60 44 519.75 KFinTech 651.00 656.35 654.65 660.75 646.55 499.76 701.00 272.00 - -
AartecSolnic 182.00 172.90 182.00 191.10 172.90 341.79 191.10 127.25 - - ChamanLalSat 256.20 249.95 256.00 256.00 244.00 226.87 269.95 148.35 - - GreenPly [1] 235.95 235.25 237.15 239.70 232.45 133.34 268.00 133.85 34 235.10 KhadimIndia 369.15 369.10 369.15 375.95 368.55 26.48 424.30 174.90 69 368.05
Aarti Drug 533.45 535.65 536.30 538.90 533.00 108.38 645.00 310.80 31 535.80 Chamb.Frt 366.00 371.05 366.00 372.00 364.45 1278.31 402.00 248.55 12 370.70 GrenpanelInd 362.50 363.15 364.30 366.00 358.05 92.96 449.90 255.00 - - Khait.Ind 66.20 79.40 65.95 79.40 65.05 249.83 79.58 38.00 - 79.58
Aarti Ind [5] 687.40 683.25 689.90 694.85 678.05 1383.56 712.30 438.05 57 683.20 ChembonChem 495.25 494.90 495.25 500.35 490.40 9.35 506.60 213.00 18 506.60 Grindwel [5] 2160.10 2131.85 2160.10 2165.45 2115.00 11.26 2494.55 1717.50 60 2134.10 KhatnChm&Fer 76.10 85.50 76.60 88.60 74.15 5565.89 96.25 56.30 - -
AartiSurfact 686.70 679.55 686.70 687.00 673.00 14.35 810.00 418.05 - - ChemconSpecl 262.10 264.00 264.40 265.40 261.35 41.89 319.45 221.00 - - GRInfraproj 1182.65 1268.60 1180.00 1289.90 1167.05 143.70 1381.00 930.00 - - Kilitch 387.55 395.75 393.00 406.90 368.20 25.84 469.85 121.30 33 394.95
Aarvee Den 33.95 34.20 34.05 34.50 33.25 34.75 43.12 16.75 - 34.42 ChemfabAlkal 421.65 505.95 422.05 505.95 413.55 508.89 505.95 213.05 - - GrmOverseas 181.05 180.40 182.00 182.00 178.00 38.47 315.90 159.00 - - Kingfa S&T 1996.20 2018.65 1992.00 2036.45 1971.00 2.61 2595.05 1243.25 20 2034.55
AavasFinance 1443.15 1460.10 1450.70 1469.90 1445.90 112.01 1935.75 1335.00 24 1458.85 ChemplastSan 474.00 467.45 474.00 475.45 462.00 73.47 543.25 342.05 - - Grvs.Cot [2] 162.70 161.65 163.00 164.20 159.80 1327.70 175.50 118.70 22 161.55 Kiocl 509.95 507.90 516.90 527.00 493.15 756.97 576.55 165.20 - 507.00
AbansHolding 309.20 308.35 310.85 315.00 304.40 85.49 355.50 201.95 - - ChoicInternl 286.00 289.15 291.50 293.25 286.00 493.34 568.50 251.00 - - GSFC [2] 227.15 230.25 228.80 232.75 222.20 3212.04 322.45 116.10 12 230.20 Kiri Ind 412.35 413.50 415.85 425.00 410.00 771.79 453.90 262.10 - 414.10
ABB India [2] 4984.70 5425.00 5200.00 5450.00 5081.60 4222.69 5456.95 3056.00 92 5431.50 CholaIn&Fin [2] 1085.55 1082.45 1088.70 1090.55 1067.40 1546.46 1309.75 709.85 28 1081.60 GSPL 373.75 367.05 375.80 377.20 365.20 1059.97 407.30 254.75 17 367.25 Kirl.Bros [2] 924.85 925.20 934.10 942.75 921.55 30.49 1060.00 354.00 38 925.95
Abbott 29131.35 28855.80 29131.35 29334.60 28712.20 13.29 29628.15 19908.65 54 28876.00 CholamanFin [1] 1042.90 1045.70 1054.90 1063.75 1036.20 159.22 1282.75 512.65 323 1047.30 GSS Info 152.90 152.00 153.70 155.25 150.25 30.81 244.00 147.25 141 152.30 Kirl.Elec 122.05 122.70 123.30 125.25 120.75 314.51 100.80 26.95 23 -
ABBPowerPro 5857.15 5819.40 5888.00 5897.95 5737.95 43.02 6520.00 2986.05 - - CIEAutomotIn 462.35 464.85 467.40 469.80 458.95 477.33 579.75 331.65 - - GTL Infra 2.35 2.25 2.30 2.40 2.25 189631.45 2.64 0.64 - 2.25 Kirl.Oil [2] 890.55 898.65 894.15 904.60 881.25 197.85 919.95 305.05 42 900.50
ABCapital 182.60 184.50 183.50 184.95 180.65 2895.47 199.40 137.00 - 184.40 Cigniti Tech 1097.40 1094.55 1096.00 1113.45 1085.95 143.28 1203.15 689.50 26 1094.35 GTPLHathway 200.55 206.55 201.60 211.00 197.55 477.92 217.65 93.50 28 206.65 KirloskrPneu 719.10 708.45 719.95 722.30 703.80 73.78 759.90 541.05 - -
ACC 2666.75 2680.10 2676.80 2687.80 2636.00 261.58 2759.95 1593.50 30 2680.30 Cineline Ind [5] 131.70 130.05 131.75 133.70 126.10 22.43 186.00 70.00 - 131.55 Gufic Bio [1] 317.50 313.85 319.00 319.00 308.30 131.95 364.00 177.10 37 313.50 Kitex [1] 268.00 267.75 268.00 276.00 263.15 358.72 287.20 135.50 38 267.35
AccelyaKal 1896.30 1942.10 1913.00 1950.30 1855.00 42.29 2128.25 1068.05 25 1941.45 Cinevistaas [2] 21.35 21.40 21.80 21.80 20.40 200.98 24.40 9.00 - 21.37 Guj.Alk 815.15 821.90 815.15 825.00 800.30 85.67 844.00 556.05 - 821.75 KM Sug [2] 36.40 35.55 36.40 36.90 34.70 687.21 39.20 22.83 16 35.61
Action Con [2] 1108.00 1095.45 1120.10 1128.35 1086.90 243.42 1210.85 337.45 46 1095.55 Cipla [2] 1447.30 1453.30 1455.55 1456.00 1420.55 1582.84 1484.10 852.00 36 1453.75 Guj.Ind.Pow 195.40 198.25 197.35 200.00 191.00 465.11 237.20 70.71 15 197.70 KNR Con [2] 266.45 263.45 266.80 269.40 260.20 666.30 305.25 226.20 18 263.35
ADANI ENERGY S 1064.80 1058.90 1069.90 1069.90 1052.55 2172.44 1250.00 631.50 - - CitiUn Bk [1] 133.75 135.15 134.00 135.50 132.95 2242.29 167.65 119.50 10 135.15 Guj.Pipav 198.40 208.20 199.65 211.35 194.2517421.89 215.35 97.75 27 208.20 Kokuyo [1] 133.40 135.80 134.40 138.90 133.55 122.22 179.30 66.80 32 135.55
Adani Ports [2] 1291.00 1310.95 1296.00 1317.00 1281.00 2556.01 1327.00 533.65 100 1311.55 CleanSci&Tec 1465.60 1452.00 1478.45 1480.55 1426.15 149.89 1622.00 1227.10 - - Gujarat Gas [2] 565.55 564.55 565.55 575.70 561.90 1459.85 620.60 397.20 35 564.35 KoltePatil 480.90 492.55 485.70 504.45 484.60 204.97 584.00 231.00 318 492.40
ADANI WILMAR 360.60 360.65 363.35 363.40 355.60 1330.39 509.00 285.80 - - Cleducate [5] 92.00 90.85 93.00 93.00 89.80 107.22 113.95 48.80 53 90.25 GujaratFluor 3536.95 3513.60 3522.00 3546.55 3476.10 35.71 3920.00 2537.00 - - Kopran 264.80 260.65 266.60 266.60 258.00 234.14 292.40 96.00 51 260.75
AdaniEntprs [1] 3223.20 3263.05 3239.00 3274.00 3210.50 1138.72 3308.85 1103.00 145 3263.10 CMSInfoSystm 369.65 367.75 370.50 372.00 366.65 267.50 421.40 260.80 - - Gul.Amb.Ex [1] 403.50 404.90 406.95 412.85 396.70 1485.92 420.75 224.20 29 404.80 Kot.Mah.Bk [5] 1746.10 1724.75 1744.50 1745.00 1714.20 6200.76 2063.00 1644.20 26 1726.50
AdaniGreenEn 1904.95 1922.65 1915.00 1930.00 1866.70 680.14 1991.60 439.35 - 1922.10 Coal India 432.95 445.15 438.00 448.00 427.9522083.71 487.75 207.70 18 445.40 Gulf Oil Lub [2] 972.15 989.95 979.35 995.00 970.00 337.15 996.30 390.00 17 989.95 Kothari Pet [5] 139.75 135.40 139.75 140.95 133.75 65.43 0.15 0.05 - -
AdaniTotlGas 1021.05 1018.15 1030.00 1031.85 1013.45 3220.69 1259.40 522.00 - - CoastalCorpn 296.85 294.95 297.15 300.00 292.30 30.13 354.15 165.90 - - GulshanPoly [1] 211.05 214.80 212.70 216.90 206.60 310.66 274.95 159.17 52 214.70 Kothari Sug 65.00 63.15 66.00 66.00 62.80 439.73 15.85 4.45 - -
ADF Foods [2] 193.10 191.95 193.10 193.70 190.15 68.58 262.45 133.39 28 191.75 CochinShip [5] 830.85 836.30 834.40 844.00 814.15 1269.50 944.65 205.50 40 835.95 KPIGrenEnerg 1637.75 1719.60 1679.00 1719.60 1671.15 504.40 2417.75 390.00 - -
AditBirSunLf 495.20 496.55 496.00 497.90 488.40 104.99 511.95 307.00 - - CoffeeDayEnt 62.20 63.15 62.40 63.55 60.55 6004.38 74.25 26.40 - 63.28 H .............................................. Kpit Tech 1571.75 1590.65 1588.00 1595.45 1540.65 1257.00 1764.00 741.00 - -
AdityaBirFas 226.65 227.15 227.55 229.80 224.70 4362.03 265.75 184.40 - 227.00 Coforge 6546.00 6617.70 6585.00 6677.05 6532.30 198.58 6847.45 3564.75 - - HappiestMind 826.00 822.50 830.00 834.90 818.00 284.80 1023.00 763.25 - - KPR Mill [1] 716.50 719.50 717.45 730.50 710.00 204.25 927.40 536.00 52 720.25
Ador Weld 1452.10 1437.90 1462.25 1471.40 1435.00 6.48 1770.00 804.85 29 1435.85 Colgate [1] 2535.55 2537.55 2545.55 2545.55 2498.50 196.34 2620.00 1444.00 54 2537.60 HappyForging 942.25 960.95 950.00 964.80 935.00 68.09 1087.40 917.75 - - KRBL [1] 346.05 346.85 349.50 351.00 343.10 168.53 471.00 320.00 13 346.80
AdvancedEnz [2] 405.90 400.30 408.70 408.70 397.00 172.39 425.10 225.00 37 400.10 ComputerAge 2989.55 2998.00 3025.00 3035.00 2923.75 417.84 3039.95 2010.00 - - HardwynInd 44.60 45.05 44.95 45.30 43.35 321.10 622.65 34.60 - - KrisnaInsMed 2223.45 2213.35 2201.55 2230.00 2199.95 23.24 2288.25 1282.00 - -
Advani Hot [2] 163.15 165.30 165.35 166.75 160.20 116.11 174.90 66.75 30 164.95 Con.FinHld 267.55 268.60 269.90 270.00 261.55 16.20 78.40 26.55 - - HariomPipInd 535.55 525.00 532.05 537.70 517.05 64.22 740.00 386.50 - - KrisnaPhoscm 221.35 232.70 224.65 238.00 222.10 189.24 559.40 205.05 - -
Aegis Log [1] 452.95 447.60 452.95 456.20 440.05 266.94 471.20 280.00 36 447.55 Concor [5] 991.90 1013.70 1002.75 1024.00 985.70 2872.50 1027.00 555.00 51 1013.60 Harri.Mal 199.20 213.45 200.85 216.00 197.05 555.00 216.15 102.60 146 213.45 KritiIndust 152.60 152.35 153.75 156.65 148.95 88.13 166.50 88.40 - -
AeroflexInd 148.10 148.00 148.40 150.20 146.80 224.01 196.35 140.90 - - ConcrdBiotec 1443.40 1443.00 1457.85 1457.85 1434.45 73.49 1607.00 900.05 - - HarshaEngrs 420.35 430.45 425.20 433.50 420.45 374.00 494.00 309.00 - - KritNutrient 116.50 116.65 119.95 119.95 113.05 44.57 128.90 69.15 - -
AetherIndust 860.40 860.25 861.50 867.05 851.00 49.25 1209.00 778.00 - - ConfdnPetInd[1] 110.10 113.85 111.00 114.50 106.30 8934.70 119.95 55.28 31 113.89 Hathway [2] 24.10 24.15 24.20 24.30 23.40 8040.93 27.90 12.21 - 24.13 KrsnaaDiagns 680.80 678.75 691.00 691.00 673.45 46.13 767.90 353.10 - -
Affle(India) [2] 1126.70 1138.35 1132.05 1141.70 1122.20 66.55 1336.45 875.25 220 1138.15 ControlPrint 932.40 930.40 940.00 944.85 920.70 14.55 1076.85 452.15 26 927.10 Hatsun Agro [1] 1098 KSB 3935.85 3919.35 3935.80 3995.45 3834.00 43.64 4215.65 1817.45 - -
Agarwal Inds 987.55 998.60 990.10 1007.00 980.05 16.00 1154.25 530.85 30 1000.80 Corom.Intl [1] 1085.45 1098.30 1090.00 1102.85 1081.25 158.28 1287.95 842.00 18 1101.50 H KsolvesIndia 1202.75 1202.95 1214.85 1214.85 1191.80 15.11 1467.40 993.35 - -
AgiGreenpac 801.65 799.90 805.00 808.80 793.00 81.83 1089.00 305.00 - - Cosmofirst 527.90 536.25 537.00 542.00 525.20 64.03 773.05 522.65 - - HB Pw KuantumPaper 166.35 163.95 169.00 169.00 163.05 74.02 225.85 114.15 - -
AgriTech Ind 199.10 198.40 205.00 205.00 194.10 10.59 262.05 86.50 14 198.20 CPCL 935.95 920.70 940.95 949.40 915.00 1040.57 1036.00 222.90 4 920.55 HCC
Agro Tech 892.10 1025.65 900.00 1070.50 890.50 805.27 1068.30 741.50 193 1046.25 CraftsmnAuto 4407.90 4350.25 4447.90 4450.85 4340.00 16.94 5513.65 2735.00 - - HCG L ..............................................
AgroPhosInd 48.80 48.20 49.95 49.95 47.30 93.96 65.75 29.90 - - CrdtacsGramn 1467.80 1466.25 1470.00 1480.60 1453.05 200.17 1794.40 876.10 17 1466.35 HC L&T [2] 3296.40 3363.75 3310.00 3369.00 3276.95 2521.39 3738.90 2083.05 50 3364.05
AhladaEnggrs 125.00 125.95 125.65 127.40 124.00 57.69 164.15 80.25 - - CreatPer&Dis 767.15 757.65 767.15 775.25 750.00 11.96 915.00 358.30 - - HD C MC L&T Fin Hld 170.45 171.60 170.50 172.40 168.75 2537.25 179.00 78.97 32 171.70
Ahluwalia [2] 1156.75 1169.75 1157.00 1176.10 1130.60 153.32 1174.00 448.60 32 1168.75 CredBrandMkg 227.20 233.45 228.70 234.50 227.00 251.93 324.80 226.15 - - HD C B L&TTechSer [2] 5276.55 5351.05 5290.00 5377.10 5235.10 81.18 5675.00 3281.05 45 5351.65
AIA Engg [2] 3797.70 3748.50 3797.70 3817.70 3722.15 53.61 4624.50 2621.00 36 3747.95 Crest Ventu 480.40 470.15 483.00 483.00 461.35 40.42 519.30 144.40 24 469.35 HD C La Opala [2] 352.00 352.35 352.60 353.90 349.10 57.64 479.65 326.35 29 352.60
Airolam 174.60 172.75 174.60 178.85 168.00 36.24 190.30 100.55 - - Crisil [1] 5063.80 4984.60 5063.80 5089.90 4953.70 31.63 5250.00 2974.00 54 4987.90 H U LambodText [5] 176.65 180.25 176.65 187.00 173.65 35.56 240.40 135.50 53 180.20
Ajanta Phr [2] 2113.10 2120.00 2119.40 2135.00 2105.35 31.99 2355.05 1136.80 35 2120.55 CrompGraves[2] 290.30 292.20 293.00 294.00 288.60 4167.62 327.80 251.25 42 292.80 H G Landmark [1] 10.00 10.00 10.75 10.75 9.90 119.97 11.71 5.10 - 9.98
Ajmera 730.85 739.35 734.65 747.00 717.75 190.99 763.00 260.00 34 739.95 CSBBank 351.45 360.05 353.25 361.00 350.10 144.89 421.95 218.00 11 359.40 H LandmarkCar 737.15 731.60 747.85 747.85 728.45 62.01 905.00 482.10 - -
AKGEximLtd 22.80 23.00 23.05 23.15 22.60 105.56 35.00 20.35 - - CSLFinance 487.10 474.30 489.55 492.50 469.15 28.39 517.70 189.10 - - H m PR LasaSuperGen 30.65 32.00 30.90 32.15 30.15 200.86 40.95 17.25 - 31.90
AksharChem 298.65 313.25 298.05 317.50 290.00 147.78 329.85 201.30 - 312.60 CUMI [1] 1083.15 1087.50 1083.15 1095.85 1080.00 142.16 1300.00 924.15 59 1086.35 H LatntViewAnl 501.85 508.90 504.40 512.90 496.30 422.80 544.80 310.45 - -
Akzo 2796.40 2766.20 2790.00 2796.90 2740.40 7.81 3076.40 2105.10 30 2763.20 CumminsInd [2] 2607.90 2760.85 2604.65 2789.75 2595.00 1179.77 2786.80 1481.10 54 2766.05 H H LaurusLabs [2] 395.65 400.00 395.65 400.85 392.60 718.53 444.50 279.65 105 400.15
AlbertDavid 1372.75 1339.40 1397.95 1399.00 1331.00 7.27 1605.00 508.35 12 1338.10 Cybertech 168.85 165.20 169.25 170.75 163.60 80.77 215.40 85.00 38 165.50 H LaxmiCotspin 33.80 33.95 34.35 36.00 32.60 336.69 36.90 17.15 - -
Alembic [2] 103.15 102.30 103.95 104.30 101.50 1166.84 107.50 55.52 30 102.13 Cyient [5] 1964.40 2051.05 1969.90 2066.95 1936.00 350.07 2457.00 910.55 46 2049.00 H M LaxmiOrgInd 266.50 269.65 268.00 272.25 266.00 659.10 320.95 220.50 - -
Alembic Ph [2] 1075.15 1079.55 1068.40 1086.95 1062.65 187.58 1093.05 463.30 36 1080.90 CyientDlm 768.80 796.70 775.00 804.80 774.00 248.03 833.25 403.00 - - H B LemonTreeHot 137.45 138.15 138.65 140.20 135.25 2751.83 146.45 72.85 119 138.20
Alicon [5] 921.45 914.65 924.20 928.75 904.70 4.38 1068.00 645.00 36 913.90 H C LG Balakri 1178.60 1166.20 1184.45 1188.70 1154.30 21.29 1409.40 647.65 14 1162.55
AlkemLabs [2] 5415.50 5423.20 5467.00 5479.45 5367.05 232.54 5519.10 2835.05 38 5419.25 D .............................................. H C LGB Forge [1] 12.15 12.00 12.55 12.55 11.70 254.17 14.74 7.30 - 12.02
Alkyl Amine [2] 2212.75 2202.80 2215.05 2224.95 2187.00 20.11 2794.60 2119.05 71 2202.85 Dabur [1] 546.30 541.60 546.50 546.50 538.65 1264.33 596.90 504.00 65 541.85 HG LibasDesigns 22.90 22.80 23.10 23.25 22.25 185.69 27.35 9.85 - -
Allcargo [2] 83.25 81.55 83.25 83.95 81.00 2414.98 97.70 61.50 36 81.49 Dalm.B.Sug [2] 407.95 404.55 409.85 410.00 400.55 91.26 490.05 310.50 11 403.15 H LIC of India 1039.55 1064.40 1041.45 1070.00 1032.05 5132.26 1175.00 530.05 - -
ALLCARGO GATI 119.10 122.75 120.00 124.80 119.85 545.77 177.65 97.50 - - Datamatics [5] 595.10 593.25 600.00 601.00 588.00 68.58 790.20 272.00 34 593.10 H LICHsgFin [2] 640.90 642.25 641.40 644.00 635.55 868.33 669.40 315.45 7 642.60
AllcargoTerm 67.40 67.50 68.25 68.80 65.30 429.12 82.50 31.30 - - DataPatrnInd 2060.45 2239.05 2101.95 2255.00 2045.45 1648.01 2485.00 1179.00 - - H M LikhithaInfr 274.85 269.35 278.95 278.95 267.00 103.00 343.00 224.05 - -
Allied Dig [5] 156.15 157.05 157.25 159.85 153.60 297.29 201.40 71.50 54 157.00 DavangrSugar 107.75 106.75 109.00 109.30 104.85 144.76 115.00 73.75 - - Hm LINC 582.00 608.15 584.00 615.50 584.00 36.17 900.00 452.55 - -
Allsec 836.95 859.35 841.00 866.70 838.00 45.02 895.00 420.00 22 860.25 DB Realty 263.85 270.55 264.85 274.20 262.85 1471.53 284.95 55.05 18 270.80 H C m Lincoln Phar 686.35 679.00 692.50 695.00 671.35 70.49 717.00 319.55 16 679.90
Alpha Lab 106.20 104.55 106.70 107.80 104.00 97.74 115.00 50.06 12 104.85 DB Stk [2] 50.55 49.10 52.70 52.95 48.05 41.91 58.60 22.00 23 48.69 H C Linde Ind 5630.30 5570.40 5647.00 5647.00 5510.00 17.44 6885.95 3617.55 113 5563.50
Alphageo 381.55 432.55 375.00 445.00 372.25 418.17 444.95 200.00 - 431.90 DCB Bk 133.60 134.75 133.00 135.00 131.65 940.46 163.40 96.70 8 134.65 H M LloydEngWork 58.25 59.00 59.00 60.35 56.05 8356.36 62.90 39.60 - -
96eed26b-6814-45ab-804d-2e0ba 8d4232

96eed26b-6814-45ab-804d-2e0ba 8d4232
AmaraRajEner 842.55 834.35 846.00 850.00 828.70 268.29 915.55 546.00 - - DCInfo&Commn 221.25 224.60 227.90 227.90 220.10 5.50 252.20 107.50 - - H M LloydMetals 573.70 570.70 574.90 590.00 562.05 362.98 686.70 492.00 - -
AmberEntp(I) 3955.45 3888.95 3956.25 4053.90 3863.25 115.82 4615.20 1762.25 332 3898.05 DCM 85.50 84.05 86.45 86.45 81.55 173.95 104.00 62.01 - 84.27 H O LMW 14618.35 14738.85 14676.70 14895.90 14488.80 1.93 15501.00 9030.95 40 14812.70
Ambika Cot 1725.35 1723.85 1741.50 1743.95 1688.60 14.90 1889.95 1310.50 15 1721.55 DCMNouvelle 180.90 187.25 184.00 194.20 180.10 56.28 214.75 128.15 - 187.85 H R Lok.Mach 349.20 333.85 353.20 353.20 330.15 199.41 412.95 105.00 51 334.05
AmbujaCeme [2] 587.80 592.75 593.00 595.00 583.00 1838.37 596.50 324.30 50 592.50 DCMShriram [2] 969.35 972.75 974.20 984.15 965.85 20.97 1175.00 730.05 30 975.30 H LordChlrAlka 139.85 127.50 140.50 142.00 126.15 196.20 195.00 125.30 - -
AmiOrganics 1090.60 1081.90 1084.95 1098.00 1075.00 77.52 1388.95 861.00 - - DcmShrirmInd 211.55 216.25 213.40 219.20 210.35 183.39 228.00 59.00 - - H Lovable 142.40 144.10 143.60 146.65 141.25 19.11 171.50 84.15 49 144.10
Amrutanjan [1] 676.85 669.65 677.95 677.95 666.25 65.07 774.75 552.85 44 669.30 DCW [2] 59.80 60.40 60.00 60.65 58.10 2941.14 72.40 40.00 48 60.28 H G LT FOODS 186.85 186.15 188.00 188.70 183.00 559.19 234.60 90.00 - -
AnandRathiWe 3652.35 3660.95 3698.00 3698.00 3636.15 28.62 3745.00 735.55 - - DCXSystems 318.35 322.45 320.20 329.00 317.20 593.23 393.00 138.00 - - H LTIMINDTREELT 5420.10 5486.75 5498.00 5506.30 5406.05 536.66 6442.00 4132.20 - -
Anant Raj [2] 339.70 339.55 340.25 341.95 333.85 1077.63 359.95 101.25 99 339.50 De Nora 1659.45 1692.80 1659.45 1700.00 1624.55 23.01 2334.00 821.00 35 1699.30 H Lumax tech [2] 476.25 472.45 474.80 482.70 466.15 222.94 498.00 245.05 44 472.80
Andhar Sug [2] 114.15 113.00 115.80 115.80 112.00 339.08 129.00 99.95 21 112.90 DebockIndust 9.15 9.15 9.20 9.20 9.00 1254.90 11.85 8.00 - - H M Lumx Ind 2410.90 2382.40 2400.00 2428.95 2356.15 4.54 2815.45 1637.70 28 2388.40
AndhraCement 114.60 115.95 116.60 116.60 114.00 18.37 158.25 78.15 - - Deccan Cem [5] 639.75 643.85 639.75 649.00 619.20 32.02 668.00 388.00 20 642.90 H G Lupin [2] 1599.35 1593.75 1608.00 1608.00 1576.05 1044.79 1701.00 628.10 35 1593.45
AndhraPaper 551.75 546.70 555.50 555.95 542.80 70.14 674.90 391.30 - - DeepEneResou 167.60 166.50 167.00 172.50 163.05 29.48 237.00 135.30 - - H P Lux Indust. [2] 1200.45 1208.95 1208.00 1212.95 1194.00 18.60 1720.80 1122.60 33 1210.20
AngelOne 3089.35 3063.60 3127.45 3143.45 3036.00 282.35 3896.00 999.00 - - DeepIndust 243.95 244.05 245.50 245.50 240.10 159.80 298.50 140.10 - - H G Lyka Labs 127.20 127.35 128.45 130.00 125.00 49.31 143.50 89.00 - 127.15
AnjPortCem 215.10 218.95 215.30 221.70 213.50 13.70 231.00 140.40 - 219.75 Deepk.Fer 522.05 517.40 523.00 524.50 511.00 697.17 715.00 484.00 24 517.50 H
AnmolIndia 57.50 57.55 57.85 57.95 57.05 341.99 68.00 38.80 - - Deepk.Ntr [2] 2326.75 2341.60 2334.00 2352.35 2320.00 228.51 2520.00 1757.80 76 2339.15 Hm M..............................................
AntnyWastHdg 534.00 532.85 537.95 539.80 516.65 211.99 579.25 241.80 - - Delhivery 472.85 463.60 472.85 473.80 455.00 1237.44 488.00 314.10 - - H w Hm M&M [5] 1859.65 1910.35 1870.95 1917.00 1853.00 3360.12 1917.00 1124.00 22 1908.60
AnupamRasayn 890.70 921.45 890.70 924.80 886.10 127.32 1234.00 620.15 - - DelphWrldMon 244.10 268.50 248.50 268.50 243.20 61.53 473.15 243.00 - - H m M&M Fin [2] 289.00 290.65 290.00 291.70 284.50 1165.65 346.40 215.70 20 290.75
Apar Ind 6153.55 6366.60 6199.00 6390.00 6120.05 92.86 6523.00 2140.00 31 6352.35 Delta Corp [1] 142.40 142.80 143.20 144.00 139.20 1865.74 259.95 124.60 19 142.85 H C m Maan Alum [5] 158.00 157.30 159.35 160.00 155.30 63.19 175.50 35.53 21 157.45
Apcotex Ind [2] 478.65 473.50 481.05 481.05 471.00 18.55 589.05 416.05 40 473.90 Den Net 58.60 58.10 58.80 58.90 57.00 1580.93 69.40 25.40 10 58.10 H MacrotecDeve 1136.20 1135.45 1141.95 1145.70 1122.95 762.12 1225.95 529.85 - -
ApexFznFoods 228.25 223.05 228.25 230.80 222.10 129.19 285.40 185.00 64 223.00 DevyaniInter 167.05 164.85 171.65 171.65 162.50 5081.19 227.50 133.95 - - MadyaBharat 240.45 239.80 241.70 243.15 237.30 11.97 669.90 236.20 - -
APL Apl [2] 1433.95 1422.25 1435.85 1447.90 1415.60 565.70 1806.20 1046.55 72 1421.30 Dhamp.Sug 250.35 249.30 250.35 251.00 246.40 167.67 325.55 202.25 12 249.15 HP MagadhSug&En 640.15 637.90 646.45 680.15 635.05 35.38 856.20 286.95 9 637.50
ApolloHosp [5] 6760.15 6769.20 6765.00 6874.45 6690.05 564.43 6871.30 4170.00 98 6767.75 DhamprBioOrg 142.35 142.25 142.45 143.35 141.25 259.66 191.70 116.10 - - HPC Magn.Ven 61.90 59.65 62.90 62.90 58.80 208.36 77.45 24.05 11 59.54
ApolloPipes 737.35 733.40 739.50 748.00 720.00 47.93 798.65 480.60 - - DhaniService 41.00 41.40 41.25 42.25 40.00 2975.50 45.90 35.10 - - HP &P w Mah.Holi 420.65 413.85 421.80 422.20 407.85 119.54 469.80 256.40 47 413.90
ApolloTyr [1] 516.25 522.85 519.50 524.55 513.10 716.24 559.85 303.35 27 522.85 Dhanlk.Bk 50.70 50.80 51.70 52.00 49.20 3894.25 58.70 13.50 14 50.60 H G&U D Mah.Life 600.75 603.90 598.00 615.00 594.00 725.30 632.80 316.10 - 604.30
Aptech 238.45 236.25 239.65 240.50 234.00 211.22 422.75 206.05 21 236.35 Dhanuka Ag [2] 1156.55 1148.05 1175.00 1190.40 1140.00 63.35 1294.90 603.05 21 1145.45 H M Mah.Scoot 7498.85 7537.60 7499.00 7639.90 7499.00 4.24 8600.00 4051.10 43 7526.00
AptusValHsg 350.30 347.70 352.90 360.35 346.10 160.45 392.00 234.05 - - DharmjCrpGrd 240.80 245.05 242.00 250.00 241.00 81.63 290.00 137.00 - - H w Mah.Seam [5] 970.75 967.75 976.05 986.70 955.75 143.88 1099.05 299.75 12 968.95
ArcheanCheIn 759.15 746.25 766.00 779.35 733.35 1309.66 779.35 494.15 - - DhruvConsult 86.55 85.45 86.55 88.30 84.55 82.95 98.45 43.10 - - H m MahangrGas 1510.55 1533.40 1510.55 1534.85 1495.00 234.28 1558.85 864.65 12 1532.80
Archidply 95.70 97.75 98.85 98.85 94.00 52.28 110.63 49.70 21 97.71 Dhunseri Tea 221.85 220.60 223.85 225.90 218.50 11.41 274.85 181.00 - 219.90 HU MahaRastApexC 147.25 144.25 149.30 149.30 141.05 15.49 183.95 84.50 - -
Archies [2] 35.60 34.65 36.00 36.00 33.90 192.61 37.65 15.65 - 34.61 DhunseriVent 390.30 373.25 394.00 400.25 371.25 82.54 558.70 211.05 - - MaheswariLog 76.40 79.35 76.90 81.00 76.85 132.85 102.45 49.65 - -
Aries Agro 292.25 283.75 290.20 293.90 282.00 87.69 317.00 143.60 20 284.35 Diamine&Chem 511.40 551.80 515.50 570.00 515.50 137.60 588.30 446.10 - - MahindEPCIrr 139.05 139.35 138.05 140.25 136.05 47.22 162.80 83.80 - -
ArihantSuper 361.85 363.15 366.90 369.60 356.45 27.74 416.65 157.75 70 362.80 DigispiceTec 32.45 32.40 33.45 33.45 32.00 180.74 41.30 27.45 - - H MahindraLog 395.55 389.95 392.00 396.10 387.80 132.14 460.00 347.15 37 389.65
ArihntCapMkt 70.45 70.30 71.45 72.75 70.00 646.80 84.35 33.25 - - DilipBuildco 457.30 465.55 461.00 468.00 436.35 765.03 504.45 159.70 22 465.95 R Maithan 1093.90 1114.05 1094.85 1122.00 1080.00 68.11 1333.95 766.00 10 1112.55
ArmanFinServ 2259.60 2254.35 2274.95 2279.95 2230.05 12.92 2676.10 1189.45 66 2247.35 Dish TV [1] 23.10 23.75 23.40 23.90 22.3581787.47 26.01 12.40 - 23.78 M R Mallcom(Ind) 994.00 990.85 1003.95 1003.95 980.00 3.36 1249.70 661.20 - -
AroGranite 54.20 57.55 54.90 59.25 53.70 214.49 67.95 36.64 39 57.73 DishmanCarb[2] 216.65 238.80 217.00 241.70 215.10 6469.94 241.45 110.55 - 238.65 CC B Man Infr [2] 217.00 215.55 217.00 219.35 208.40 597.08 249.40 66.25 50 215.95
ArowGreenTec 400.20 393.50 400.00 402.75 390.00 38.02 516.40 175.60 16 393.70 DivgiTorTran 854.25 858.60 854.25 864.00 841.45 10.70 1150.00 560.00 - - CC m GC Manaksia [2] 115.35 114.50 116.80 116.80 112.20 139.31 194.05 99.50 36 114.70
ArtemsMedSvc 183.65 182.95 184.00 186.00 180.05 91.05 193.70 61.45 - - Divi'sLabs [2] 3649.10 3645.40 3659.70 3659.70 3597.05 485.94 4072.35 2730.00 71 3646.75 CC Manali Pet [5] 71.75 72.85 72.00 74.00 70.85 630.97 87.15 56.75 - 72.74
ArtiPharmLab 529.25 525.50 531.85 541.00 517.60 66.09 566.95 269.00 - - DixonTec(In) [2] 6734.00 6776.95 6750.00 6869.95 6712.65 273.52 6928.95 2581.80 196 6771.90 CR Manap.Fin [2] 178.60 182.00 179.00 182.95 178.05 5292.30 193.35 101.15 10 182.00
Arvind 289.35 289.95 289.30 302.00 287.55 924.61 319.05 77.70 25 289.90 DLF Ltd [2] 886.85 892.25 894.00 895.00 878.85 3784.76 896.50 336.55 119 893.05 DB ManCoatMet [1] 43.85 40.50 44.05 44.15 40.15 408.23 44.33 13.90 28 40.46
ArvindFash [4] 460.55 459.60 464.90 468.50 452.95 163.09 533.35 261.05 148 458.90 D-Link [2] 295.95 295.25 297.55 299.60 294.50 92.83 364.95 204.75 12 295.60 Mang.Cem 719.65 700.70 711.30 726.60 693.00 100.17 783.00 234.00 33 702.25
ArvindSmart 589.95 582.00 591.65 591.65 564.00 59.86 688.75 225.00 68 581.70 DMCCSpecChem 325.60 322.85 327.20 337.00 317.35 24.26 369.80 228.25 - - Mang.Chem 119.10 120.70 119.10 122.00 117.55 513.01 156.25 72.45 7 120.65
Asahi India [1] 531.05 535.95 532.70 539.90 526.80 97.68 651.20 419.80 40 535.50 DodlaDairy 1018.95 1004.75 1022.00 1031.50 985.05 47.64 1084.10 431.20 - - D C Mang.Drug 125.10 125.80 126.90 129.40 121.40 154.77 132.40 93.85 - 125.30
Asahi Song 331.05 324.75 331.05 331.05 320.60 8.08 345.95 171.10 - 323.15 DolatAlgotec 78.20 76.90 78.95 79.35 76.45 356.61 93.40 39.25 - - D C B MangalamGlob 23.15 23.05 23.25 23.90 22.75 229.60 24.95 12.65 - -
Ashapura [2] 409.00 413.45 412.00 422.00 395.00 338.86 483.25 96.80 43 413.55 DollarInd [2] 490.60 490.40 490.00 495.00 486.05 91.78 507.00 310.25 46 490.75 B MangalamOrga 351.50 347.45 356.00 357.90 346.85 9.41 542.00 306.95 - -
Ashiana [2] 308.30 306.10 308.30 308.30 301.65 56.90 343.05 137.90 43 306.30 DomsIndust 1530.25 1524.00 1539.65 1545.20 1474.90 150.00 1658.70 1225.60 - - B MankindPharm 2189.70 2189.20 2218.80 2218.80 2180.00 263.24 2297.40 1242.00 - -
Ashima 22.60 22.75 22.85 22.95 21.75 527.37 26.30 12.05 - 22.70 Donear [2] 101.50 102.25 102.25 103.00 100.30 102.72 121.65 75.20 19 101.80 C MANOJ VAIBHAV 270.80 270.50 272.65 275.15 265.30 62.46 382.00 202.00 - -
Ashok Ley [1] 171.30 173.00 172.70 173.60 166.4014645.33 191.45 133.10 21 173.05 DP Wires 459.70 467.95 463.95 473.45 459.00 42.75 724.95 340.55 - - G R ManoramaInd 1982.00 2009.65 1980.55 2030.00 1980.55 10.94 2384.95 914.00 - -
Ashoka Bld [5] 172.95 178.40 174.00 179.00 169.75 2037.42 195.55 71.30 18 178.30 DPSC 22.75 22.75 22.95 22.95 22.00 540.31 28.05 9.10 - - GP Maral Over 80.10 82.35 80.15 83.50 79.40 80.39 102.00 44.20 - 82.62
Asian Gran 63.50 64.30 63.95 64.75 62.60 502.40 86.04 34.22 - 64.20 Dr Reddy [5] 6349.15 6363.95 6375.00 6379.80 6231.35 284.02 6464.00 4298.40 27 6363.90 MarathNxtg [5] 410.05 440.65 461.95 461.95 435.55 654.76 487.00 254.95 23 441.25
Asian Htl-E 161.70 161.85 163.50 164.20 159.05 18.47 195.95 82.10 23 163.15 DreamfolkSer 495.60 492.20 495.60 499.50 491.00 136.10 847.00 398.20 - - H Marico Ltd [1] 538.70 539.00 545.00 545.20 537.75 1119.58 595.00 462.95 66 538.70
Asian Paints [1] 3001.80 3017.40 2983.00 3027.20 2932.10 2615.82 3566.90 2701.00 54 3018.55 DrLalPathLab 2428.85 2444.30 2428.85 2461.45 2413.00 123.80 2766.85 1762.70 56 2446.50 MarineElecIn 109.95 115.35 112.80 115.40 106.10 447.15 122.90 55.10 - -
AsianEnrgSvc 301.10 300.00 308.85 308.85 295.70 29.81 344.25 51.50 - - Dwarikesh [1] 80.95 80.90 80.45 81.25 79.50 849.83 109.75 78.00 14 80.83 Marksans [1] 156.15 158.65 156.75 159.45 152.40 755.12 179.10 64.33 61 158.45
AskAutomotiv 296.95 297.15 297.80 299.00 292.20 122.48 334.55 271.40 - - Dynac.Sys 846.60 921.35 879.70 955.00 850.50 860.25 952.25 283.30 23 917.45 m W Maruti [5] 11465.85 11657.80 11500.00 11695.00 11391.25 584.41 11692.40 8127.05 31 11675.50
AssoAlchohol 468.50 507.05 480.15 510.00 480.15 552.17 529.60 315.00 - - Dynamatic 6876.35 7032.25 6940.00 7200.00 6844.00 9.90 7790.80 2464.70 116 7024.55 MASFinServ 983.65 338.35 353.80 387.95 333.85 1767.48 387.70 226.66 24 339.05
Aster Life 915.55 911.55 912.30 918.00 895.00 23.63 1540.00 826.15 - 911.95 DynamicCable 436.65 432.10 442.00 442.00 424.50 31.55 521.30 383.50 - - B M Mastek [5] 2993.55 2960.50 3019.90 3032.15 2943.20 37.81 3147.00 1475.45 81 2958.80
AsterDMHealt 474.25 472.85 474.75 477.45 468.05 279.73 486.65 217.00 109 472.50 DynemicProd 312.05 317.60 308.00 325.00 306.35 115.75 424.35 231.85 134 317.15 C m MatrimnCom [5] 500.85 502.00 507.90 516.00 499.50 72.26 720.00 499.00 23 503.20
Astra Mic [2] 638.50 640.50 642.90 658.20 634.00 498.66 690.00 213.15 81 640.90 G Maw.Sug 104.55 101.40 104.45 104.45 101.05 199.73 120.55 77.65 8 101.38
Astral Poly [1] 1930.50 1965.15 1943.00 1969.95 1925.10 305.17 2057.95 1297.90 93 1964.80 E .............................................. H m MAX ESTATES 272.05 262.00 275.25 275.25 255.75 213.34 339.90 242.75 - -
AstraZen [2] 5496.10 5501.20 5499.80 5533.00 5396.10 24.02 7208.00 3102.00 86 5495.90 EasyTripPlnr 48.25 47.30 48.35 48.60 47.2029442.42 54.00 37.00 - - M MaxFinancial [2] 953.10 950.35 958.10 958.10 941.30 572.17 1069.15 599.30 - 949.55
AtalRealtech 15.85 15.75 15.75 16.50 15.10 752.70 88.80 11.55 - - Eclerx 2449.05 2482.05 2456.35 2490.00 2409.05 55.89 2825.00 1272.00 33 2479.65 N MaxHealthCre 854.05 857.90 863.40 867.20 842.55 1174.56 910.00 411.90 - -
AtamValves 169.15 170.90 170.00 172.70 166.00 23.73 270.00 136.00 - - EdelFinSer [1] 77.45 79.55 77.95 80.20 74.70 9924.61 87.80 26.37 3 79.53 O B Mayur Uniq [5] 541.50 531.10 546.90 550.70 528.00 81.89 616.15 415.00 20 529.90
Atul 6310.70 6325.65 6310.00 6340.00 6247.80 14.72 7586.95 6120.00 47 6322.15 Eicher Motor [1] 3836.35 3951.40 3864.80 3970.00 3841.85 1130.60 4201.70 2835.95 31 3953.10 R m MazagonDock 2078.35 2059.30 2088.70 2095.60 2033.10 633.52 2492.00 612.00 - -
Atul Auto [5] 558.45 555.25 558.55 568.00 550.55 69.46 692.90 305.60 120 554.85 EID Parry [1] 639.80 628.00 642.95 642.95 614.40 833.19 663.75 433.30 53 630.60 ND BU N Mazda Ltd 1390.20 1436.50 1390.20 1449.55 1375.60 15.38 1650.20 595.15 18 1434.60
AuroPharma [1] 1040.80 1047.00 1053.95 1053.95 1035.30 893.99 1177.00 443.15 31 1047.15 EIH [2] 400.60 397.40 402.95 409.90 390.00 1293.75 485.45 150.45 46 398.40 B McL.Rusl [5] 35.20 36.75 34.00 36.95 33.45 3463.08 37.99 16.52 - 36.52
AUSmallFinBk 588.15 592.50 588.55 594.00 583.60 2315.28 813.00 548.15 25 593.30 EIH A Htl 767.80 764.90 772.00 779.00 737.80 14.59 821.25 370.00 33 764.30 H MCX 3653.95 3668.00 3687.00 3687.00 3606.55 343.94 3990.20 1289.20 - 3668.30
Ausom 98.85 99.45 99.65 102.20 96.00 32.73 104.40 51.40 48 99.23 EldecoHousg 821.30 812.10 820.95 841.70 800.00 8.64 920.00 558.00 - - MediAsstHeal 512.50 511.05 510.60 520.00 498.40 232.30 559.75 430.55 - -
Auto Axl 1907.25 1907.90 1916.80 1916.80 1900.05 8.73 2690.00 1875.25 17 1906.80 Elec. Eng [2] 999.40 997.30 997.00 1009.55 991.00 125.88 1120.50 349.90 41 997.35 O C MedicamenBio 544.20 529.00 544.20 558.55 526.15 11.12 845.00 470.05 - -
Auto Stamp 630.55 630.15 634.90 642.95 604.85 88.70 720.00 246.15 63 629.25 Elec.Stl.Cs [1] 175.20 178.40 175.95 179.00 172.60 1610.15 204.10 31.40 17 178.50 R MedicoRemedy 87.55 88.20 87.95 89.00 87.00 673.53 100.70 64.55 - -
Autoline 150.90 155.00 152.10 158.20 146.00 422.79 165.20 60.10 54 154.65 ElectMartInd 205.60 204.30 205.95 209.00 201.10 266.04 244.55 61.60 - - P MedplsHealth 699.95 690.40 705.60 705.65 682.20 122.62 978.00 598.60 - -
AvadSug&Egy 626.90 625.60 633.00 633.95 616.90 46.59 852.45 388.00 8 626.00 Elgi Eqp [1] 646.70 629.10 649.50 651.00 622.50 305.10 703.40 416.50 64 629.10 R w Mega Soft 82.55 98.75 85.95 99.05 82.40 3708.59 99.13 19.90 70 98.81
AvalonTech 504.25 501.55 508.75 510.00 495.00 76.06 732.10 348.00 - - Elgi Rbr 57.05 59.60 56.90 60.00 56.00 208.63 68.45 52.50 - - MegastarFood 354.60 350.55 360.05 368.20 346.00 105.59 404.95 197.00 - -
Avanti Feeds [1] 498.25 494.40 498.95 501.25 487.85 316.71 598.60 321.15 22 494.35 ElinElectron 155.10 152.25 155.50 155.90 151.35 118.30 194.35 116.00 - - P MeghmaniOrga 88.65 92.75 89.50 94.90 87.1510716.46 99.75 71.90 - -
AvenuSupmart 3835.75 3851.45 3860.00 3869.00 3801.85 237.41 4203.00 3292.65 97 3850.00 Emami [1] 467.70 461.45 468.55 472.05 460.00 276.24 588.65 340.95 31 461.60 m m MenonBear [1] 135.45 134.65 136.05 136.95 133.40 38.49 166.00 92.00 27 134.55
AVGLogistics 529.50 523.65 548.00 552.25 500.10 384.52 552.25 180.00 - - EmamiPapMi [2] 133.15 134.00 135.50 135.50 132.25 28.18 149.50 100.85 18 133.30 C MetroBrands 1120.55 1131.55 1125.00 1141.60 1101.05 117.79 1441.20 765.00 - -
AVONMORECAP 109.80 113.85 114.95 116.75 108.55 136.40 131.05 64.50 - - Emmbi Ind 110.75 113.40 110.55 115.60 110.35 84.06 138.35 73.05 28 113.75 m Metrpolhelth [2] 1729.90 1748.95 1725.60 1768.10 1712.80 320.38 1828.70 1176.05 72 1749.45
AvroIndia 135.20 132.15 133.80 135.85 131.50 12.59 154.45 94.00 - - EMS 507.05 515.05 514.95 532.40 497.05 309.24 599.75 246.50 - - B &C MFL 99.60 98.90 100.55 100.55 97.70 268.03 24.70 12.15 - -
AVT Natl [1] 108.40 108.10 109.25 111.30 107.00 795.90 115.29 74.05 34 108.10 Emudhra 568.90 574.90 564.50 579.60 550.05 519.66 579.60 206.80 - - R m MicElectronc 46.55 48.85 46.00 48.85 44.30 1102.00 53.65 12.95 - -
Axis Bank [2] 1084.20 1100.90 1090.30 1110.70 1081.5014633.34 1151.50 814.25 15 1100.65 EnduranceTec 1842.20 1829.10 1839.00 1850.00 1821.30 211.14 2307.95 1171.60 50 1830.80 Minda Corp [2] 430.40 433.85 434.80 436.00 425.40 484.45 449.00 187.00 40 434.90
AxisCades [5] 683.50 675.15 683.50 694.90 665.05 52.39 848.00 248.20 - 676.40 Eng.India [5] 219.85 218.30 222.00 222.10 213.00 4876.50 273.80 70.10 29 218.25 G MindTec(Ind) 228.95 227.10 230.05 230.75 224.05 29.71 279.55 101.20 33 226.90
AxitaCotton 24.45 24.20 24.80 24.90 24.00 1720.92 40.60 23.15 - - Ent.Net.Ind 334.30 336.20 337.00 339.90 324.00 210.18 350.00 109.70 74 336.20 w Mirc Ele [1] 27.05 28.75 27.25 29.10 26.05 2489.30 30.68 11.10 - 28.65
AYM Syntex 90.55 89.95 92.60 92.60 86.50 191.09 93.00 52.50 - 89.44 ENTEROHEALTH 1166.60 1158.15 1166.55 1186.95 1139.10 113.67 1258.00 1105.85 - - w MishDhatuNig 403.85 441.80 412.90 459.00 412.3011964.42 547.45 172.80 75 442.00
AzadEngineer 1158.45 1216.35 1179.80 1216.35 1116.05 514.31 1285.90 642.40 - - EPackDurable 190.45 189.00 191.25 191.75 187.10 302.30 224.50 175.30 - - BK MM Forg 971.70 964.95 971.70 978.65 951.15 38.09 1098.95 800.05 17 962.45
Epigral 1221.90 1247.75 1241.05 1277.00 1210.00 547.07 1277.00 815.00 - - w MMPIndustris 272.70 282.70 273.00 287.15 271.55 29.82 298.05 164.05 - -
B .............................................. EPL 193.20 189.45 193.30 193.45 188.80 730.47 236.15 151.95 - - m MMTC [1] 84.90 83.70 86.00 87.10 81.10 3329.80 102.00 26.36 - 83.67
BaidFinserv 25.95 25.75 26.10 26.30 25.60 313.10 48.75 20.10 - - EqitsSmlFnBk 102.55 104.20 103.30 104.50 100.90 2125.70 116.50 58.65 - - N O DG Modison 131.70 131.75 132.80 135.00 130.95 54.57 158.70 70.25 - -
Bajaj Auto 8232.25 8498.45 8260.00 8550.00 8220.00 548.49 8650.00 3625.05 34 8505.30 ErisLifeSci [1] 855.75 868.25 860.05 874.75 850.95 141.78 971.00 550.90 34 866.35 MOIL 278.05 274.50 279.00 279.60 268.65 2086.68 369.15 140.65 20 274.35
Bajaj Elect [2] 1031.15 1018.85 1045.00 1045.00 1000.80 25.16 1175.70 881.40 66 1017.00 Eros Intl 24.55 24.55 24.70 24.95 23.80 552.82 30.20 17.20 - 24.59 MokshOrnamnt 18.95 18.75 19.30 19.75 18.40 228.67 22.85 13.75 - -
Bajaj Hind [1] 38.40 37.45 38.10 38.10 35.8020363.19 40.50 11.48 - 37.44 Esab Ind 5244.40 5193.10 5244.40 5244.40 5180.15 3.57 6542.65 3221.35 50 5193.05 Mold-TekPac [5] 877.25 880.00 872.00 888.60 872.00 45.52 1104.95 830.00 41 878.45
Bajaj Hld 8807.80 8683.90 8845.50 8845.50 8615.20 38.17 8990.90 5791.05 56 8675.35 ESAFSFB 64.50 64.75 64.55 64.95 63.75 848.19 82.40 62.00 - - Mold-TekTec [2] 225.95 225.80 228.40 228.40 221.80 90.69 398.45 213.00 20 225.60
BajajConCare[1] 241.20 241.10 243.60 247.00 237.20 1343.55 262.75 150.55 21 241.15 Escorts 2914.15 2925.40 2938.95 2938.95 2887.00 91.90 3435.20 1809.95 32 2924.95 C MonarchNetwr 635.50 621.65 640.00 640.50 613.35 60.66 689.95 190.00 - -
BajajFin [2] 6688.80 6674.95 6691.05 6706.85 6561.00 1022.37 8190.00 5487.25 34 6673.95 Essar Shp 29.30 28.25 29.50 29.50 27.95 433.79 39.02 7.53 - 28.28 W Monte Carlo 662.45 663.95 665.50 672.00 652.05 42.47 918.00 530.50 14 663.95
BajajFinserv [1] 1586.95 1592.55 1599.00 1599.00 1565.85 1149.52 1741.85 1216.10 217 1593.75 Ester [5] 102.70 99.85 103.50 103.50 99.00 276.81 134.95 80.21 - 99.85 Morepan [2] 53.15 53.20 53.30 53.50 52.00 3565.01 56.35 24.00 34 53.10
BajajHealth 324.50 326.95 325.00 328.00 319.65 49.44 513.40 275.70 - - Ethos 2509.55 2681.25 2547.20 2724.55 2527.10 244.50 2724.55 915.05 - - Most.Fin [1] 1680.45 1658.35 1685.45 1689.50 1640.40 112.97 1937.10 550.75 23 1658.15
BajelProject 220.90 223.20 220.00 228.50 213.55 570.99 248.35 108.25 - - EuroFrshFood 138.00 138.30 140.05 140.10 137.50 52.30 192.00 132.05 - - D MothersonSum 69.95 71.20 70.10 71.40 68.85 5420.50 74.80 45.15 - -
Bal Phr 118.75 117.60 118.00 119.75 115.55 31.49 132.20 63.40 30 117.55 Ever.Kanto [2] 157.85 159.80 158.90 161.85 153.90 630.24 178.90 74.70 31 159.80 G MotisonJewel 188.15 186.55 189.45 189.70 185.15 175.43 248.15 88.85 - -
Balaji Amn [2] 2292.50 2267.85 2292.50 2300.70 2260.00 19.87 2736.35 1872.90 50 2265.80 Everady [5] 346.95 347.15 346.00 349.10 343.25 93.16 441.55 273.40 68 347.65 C MphasiS 2654.35 2698.45 2680.90 2723.95 2655.35 765.17 2835.00 1660.65 34 2699.45
Balaji Tele [2] 133.30 138.70 132.00 140.90 127.95 1218.95 141.05 35.30 24 138.27 Everest Ind 1211.40 1223.55 1207.00 1227.00 1206.05 4.18 1448.10 696.00 84 1217.50 O C m MPS 1523.05 1531.05 1538.95 1547.80 1500.10 8.48 1884.20 809.30 25 1533.60
Balkrishna [2] 2257.80 2280.35 2267.55 2287.00 2252.80 114.90 2793.70 1912.30 36 2279.75 Excel Ind [5] 846.35 832.60 846.90 853.00 829.00 9.38 1017.40 758.00 103 834.65 MRF 149685.95 150164.50 149206.00 150740.00 148903.05 7.33 150750.00 81390.95 32 150094.00
BalmerLaw 253.25 256.05 254.70 258.20 247.35 491.40 290.40 108.60 21 256.45 Exide [1] 326.70 332.40 326.90 333.40 323.30 1827.75 354.00 170.50 29 332.25 PC Mro-Tek [5] 80.80 84.55 81.80 86.70 81.00 74.05 94.44 51.00 31 84.27
Balrampur [1] 380.95 381.45 375.00 382.90 372.00 1803.59 485.80 349.50 16 381.30 ExpleoSolu 1375.80 1366.65 1389.00 1389.00 1358.00 33.26 1777.20 1200.00 - - P N MRPL 252.20 253.05 256.80 259.90 242.7510444.60 289.25 49.20 10 252.85
Ban.Amn.Sp [5] 51.90 51.45 52.00 52.80 50.15 227.02 59.87 33.80 - 51.43 ExxaroTiles 115.35 114.10 115.75 116.55 113.60 459.41 152.00 98.65 - - RB MrsBectrFood 1110.60 1110.40 1114.90 1114.95 1075.95 185.42 1373.95 498.00 - -
Ban.Amn.Sug 2698.80 2717.45 2728.95 2735.00 2640.00 4.20 2975.00 2351.00 19 2709.20 MSTC 941.60 927.30 948.40 953.10 917.55 355.00 1165.00 239.00 - -
Banar.Beads 102.85 104.05 105.05 105.30 102.55 15.76 119.00 71.00 27 104.55 F .............................................. B MtarTech 1904.70 2016.55 1975.00 2065.00 1968.65 1690.34 2920.35 1473.00 - -
Banco Ind [2] 663.75 661.70 665.90 673.20 655.50 91.41 733.00 207.00 19 662.15 Fact 839.75 828.60 845.40 845.40 818.15 274.44 908.95 192.50 123 828.45 C MTNL 45.90 45.60 46.25 46.30 44.00 6132.30 52.35 16.60 - 45.72
BandhanBank 200.55 203.65 201.40 204.15 198.30 6594.64 272.00 182.20 11 203.60 FaircheOrgan 1471.80 1479.60 1471.85 1490.85 1433.30 54.48 1498.40 904.90 - - RM N RG MUFINGRNFIN 223.95 220.25 225.80 225.80 212.75 291.88 274.40 108.05 - -
Bans.Syn [5] 163.70 160.65 165.00 167.20 159.15 124.07 188.50 107.00 10 160.25 Fazethree 438.95 431.10 432.35 438.00 425.50 82.49 540.00 251.00 - - R C Mukand 174.00 170.85 173.50 175.00 169.10 126.50 212.50 115.50 12 170.80
BarbequeNatn 611.80 606.65 609.00 613.00 603.30 96.50 791.70 592.00 - - FCS Soft [1] 5.45 5.30 5.40 5.45 5.2510429.10 6.69 1.84 - 5.28 H Munj.Auto [2] 89.45 90.85 90.95 91.35 88.00 213.01 115.36 35.55 24 90.90
BASF 3260.40 3294.45 3255.00 3352.50 3212.00 20.48 3495.00 2222.75 30 3277.85 FDC [1] 454.05 455.55 455.00 458.00 447.10 144.10 472.00 245.00 25 454.90 M Munj.Showa [2] 181.25 182.10 181.35 184.90 178.30 105.04 211.00 83.40 20 182.15
Bata India [5] 1431.95 1417.60 1435.00 1438.45 1410.95 473.37 1770.10 1380.85 63 1418.45 Fed Bk [2] 153.75 153.60 154.70 154.80 152.35 9963.36 166.65 120.90 10 153.60 C MusicBrdcast 23.05 22.90 23.20 23.30 22.30 1281.96 25.35 9.70 - -
Bayer Crop 6071.60 6024.15 6050.00 6075.00 5971.60 9.04 6202.00 3922.45 34 6029.15 Fed.Goetze 369.10 365.40 370.05 372.15 364.30 47.55 431.40 294.95 18 365.70 DC m Muthoot Cap 320.00 318.65 321.60 321.60 315.65 19.48 458.00 235.95 6 319.05
BCLIndust 79.45 78.40 80.00 81.35 77.60 1775.25 588.00 47.10 - - FederalFin 129.75 129.00 130.05 130.40 128.40 166.43 153.60 120.00 - - DC MuthootFinan 1324.20 1336.40 1326.05 1337.75 1314.35 168.66 1537.40 911.40 14 1336.00
BEL [1] 188.70 194.75 189.75 196.00 188.7031992.37 196.25 89.68 40 194.95 FiberwebInd 40.65 39.90 41.25 41.75 38.75 131.42 45.25 27.05 - - MuthootMicFn 237.85 238.25 237.90 239.00 236.30 112.07 281.00 227.45 - -
BEML 2979.45 3022.45 3005.00 3056.10 2888.00 406.91 4139.40 1129.10 68 3021.45 Fiem Ind 2460.30 2461.55 2472.05 2489.00 2430.00 30.47 2587.95 1420.80 21 2459.05
BEMLLandAset 274.15 275.90 276.35 280.20 263.00 238.91 377.45 136.00 - - Filatex [1] 68.70 68.65 69.45 69.90 66.50 2869.03 72.96 31.60 32 68.57 J N ..............................................
BergrPaintIn [1] 572.25 571.65 573.00 573.50 559.05 1075.23 679.05 458.33 65 571.50 Fin.Cable [2] 988.05 982.20 990.00 990.00 978.00 86.12 1219.10 648.85 27 982.25 &K B NaclInd [1] 72.30 72.35 73.25 73.25 71.60 87.97 105.00 68.00 - 72.35
BF Inv [5] 553.60 580.90 555.60 608.00 555.60 980.59 624.95 364.00 28 581.00 FineOrgInd [5] 4374.25 4319.25 4405.00 4405.20 4310.55 20.73 5160.00 4030.65 33 4318.55 NagarjunFert[1] 13.40 13.15 13.60 13.60 13.00 1040.26 15.85 7.81 - 13.18
BF Util [5] 766.35 856.20 777.95 877.00 777.95 3843.94 876.60 283.00 - 856.00 FineotexChe [2] 432.70 449.80 434.95 454.40 420.35 1558.11 458.00 208.45 54 449.80 P Nah.Ind 137.95 140.60 139.20 142.05 136.20 53.77 169.95 84.30 88 138.75
BGR Engy 105.05 95.25 102.90 105.15 94.35 4850.72 119.48 44.25 - 95.36 Fino.Ind [2] 219.25 218.00 224.50 224.50 214.70 518.42 259.90 158.00 30 217.70 C Nah.Poly [5] 198.90 194.00 201.10 201.45 191.90 15.77 292.65 186.05 - 195.90
Bhageria Ind [5] 182.55 194.75 186.00 198.00 183.70 1639.47 197.80 111.60 49 195.20 FinoPaymntBk 312.80 314.05 312.20 319.00 308.50 122.77 384.00 191.20 - - D R Nah.Spg [5] 302.65 307.55 300.05 309.70 297.00 55.78 361.95 213.80 - 307.95
BhagiradaChm 1745.55 1753.15 1727.00 1790.00 1686.05 15.94 1844.00 1000.00 - - Firstsource 198.70 200.55 200.00 206.90 198.90 3015.64 221.40 103.55 49 200.50 Nalco [5] 157.30 161.60 158.70 162.25 152.7523247.39 169.15 75.73 19 161.70
BhagngrInd [2] 103.45 102.85 104.35 104.35 98.00 212.92 119.43 43.60 8 102.98 FiveStrBusFn 716.70 721.75 717.40 727.00 710.95 164.66 876.55 496.10 - - m Nalwa Son 3317.75 3315.75 3350.90 3364.00 3296.35 4.00 3672.15 2000.00 38 3316.65
BhandariHos [1] 10.80 10.35 10.95 11.00 10.30 4150.58 12.49 3.53 - 10.40 FlairWriteIn 278.15 279.65 281.25 281.50 273.85 199.66 514.40 258.05 - - N B Nandan Den 39.35 38.45 40.00 40.00 37.40 959.09 40.66 15.01 26 38.45
Bhans.Eng [1] 99.00 98.85 98.10 99.70 97.35 608.80 117.95 58.10 16 98.85 FocusLtg&Fix 170.80 173.75 175.00 180.30 171.05 279.37 898.40 146.05 - - NarayaHru 1352.35 1370.35 1352.35 1378.50 1333.95 334.35 1445.05 720.00 78 1370.80
Bharat Bij 5680.90 5623.65 5713.75 5740.70 5543.10 19.92 6080.00 2395.40 29 5619.75 Foods&Inns 154.65 153.70 156.10 156.95 150.70 135.63 222.20 111.40 - - B Natco Phr [2] 1024.00 1008.90 1026.00 1035.00 998.55 942.23 1107.85 520.60 15 1008.90
Bharat For [2] 1123.30 1133.05 1123.40 1135.50 1109.40 508.80 1330.00 744.00 40 1132.85 ForceMotors 5770.20 5961.50 5880.95 6021.45 5705.50 69.52 6196.00 1085.20 - - Nath Bio-Gen 210.90 212.10 212.30 216.70 210.00 48.64 243.70 136.05 11 211.35
Bharat Gea 124.80 123.45 125.50 125.50 121.15 46.98 153.00 96.00 - 123.25 Fortis Hlt 445.75 446.80 446.00 452.00 437.25 773.99 469.50 245.40 442 446.80 N Natl Build [1] 139.20 146.00 144.95 146.15 142.5029451.26 176.50 30.96 65 146.15
BharatDynamc 1700.05 1746.50 1706.00 1765.55 1663.95 967.83 1937.95 879.00 67 1745.55 Foseco 3698.15 3782.00 3731.05 3825.00 3646.60 5.46 4149.25 1971.45 41 3780.70 Natl Fert 104.20 103.30 104.95 105.15 101.60 3056.02 130.45 60.15 - 103.45
BharatRdNwk 78.60 78.90 80.05 80.45 76.60 105.70 97.50 24.50 - 78.80 FSNECommVent 151.40 152.30 152.40 152.95 149.20 2718.84 195.50 114.25 - - BC m Nava 501.50 510.35 507.00 513.00 499.30 241.33 531.95 215.00 - -
Bharti Air [5] 1139.90 1135.55 1137.60 1138.75 1097.65 8642.37 1200.95 736.20 120 1135.25 FusnMicroFin 544.30 541.80 546.50 551.45 540.00 95.40 691.00 375.00 - - BM Navin Flu [2] 3164.95 3194.30 3165.00 3209.90 3133.70 128.53 4922.00 3002.20 67 3194.50
BHEL [2] 221.90 228.50 224.00 229.40 220.9525023.40 243.30 66.30 - 228.55 Navkar Corp 116.45 114.15 116.20 116.70 112.25 1921.78 125.40 44.45 - 114.20
BigBlocCons [2]
BikajiFoodIn
253.55
532.00
240.75
529.60
264.00
538.20
267.00
538.20
237.55 1470.26
527.75 106.84
265.90 116.85 124 239.65
605.90 341.30 - -
G .............................................. H Navneet Ed [2] 160.20 160.70 160.95 161.30 156.90 216.65 176.15 88.12 18 160.85
Gabriel [1] 354.00 360.00 354.00 363.65 351.70 188.37 440.00 129.50 31 359.60 P NazaraTech 802.65 786.15 808.00 810.60 773.00 490.40 989.40 481.85 - -
Biocon [5] 274.00 270.80 275.00 275.80 268.00 4385.10 307.00 191.60 - 271.10 Gail(India) 180.30 182.25 181.00 183.20 177.7011766.04 187.80 93.15 16 182.20 D NCC [2] 226.55 243.05 227.50 246.70 225.3023579.81 246.80 87.35 25 243.75
BioflChm&Pha 71.95 71.15 73.85 74.00 69.35 53.86 78.80 35.14 - 71.19 GalaxSurfact 2525.40 2504.00 2525.40 2529.45 2500.00 7.42 2989.35 2217.50 41 2503.85 P NCL Ind 237.15 237.10 237.15 239.30 230.50 174.59 258.25 167.05 13 237.05
BirlaCable 294.75 294.90 295.80 301.20 290.50 108.75 432.55 118.85 26 294.85 Gandhi Tub [5] 818.50 815.45 828.75 828.75 813.30 4.55 935.00 464.65 19 816.00 P NDRAutoCompo 784.85 741.30 792.00 792.00 716.95 16.80 875.00 564.55 - -
BirlaCorp 1697.50 1693.90 1710.00 1712.10 1655.00 75.12 1770.00 843.05 72 1694.75 GandhrOilRef 256.05 264.60 256.25 269.00 252.65 840.53 344.05 227.75 - - w NDTV [4] 265.75 263.90 267.10 269.00 261.15 368.74 306.55 167.05 - 264.15
Birlasoft 796.40 817.60 799.95 822.85 799.30 2185.61 861.85 250.50 - - Ganesh Hsg 728.30 729.25 754.95 754.95 712.75 77.29 794.00 261.30 25 732.75 &P Nect.Life [1] 41.55 41.30 41.95 42.20 39.65 1641.61 45.70 14.36 - 41.27
Bk of Ind 141.20 139.25 141.80 142.30 136.5017728.33 156.35 66.05 10 139.20 Ganesha Ecos 1043.90 1049.70 1049.15 1058.35 1030.40 32.55 1158.95 796.05 45 1050.00 W Nelcast [2] 161.85 159.20 163.00 164.70 158.00 56.14 194.50 85.58 35 158.85
Bk of Mah 60.40 61.65 60.75 62.00 58.6533596.31 70.00 22.80 12 61.71 GaneshBenzop 187.75 192.30 189.40 195.70 184.50 452.39 217.05 135.10 - - Nelco 755.40 800.00 770.00 814.00 770.00 579.02 894.00 487.00 74 798.70
Bk ofBar [2] 275.10 275.60 275.25 276.95 270.1511871.56 280.85 153.15 8 275.70 GangesSecu 126.95 125.65 129.95 129.95 121.95 14.91 145.35 86.05 16 125.70 KC m NeogenChem 1311.00 1328.75 1310.95 1347.05 1303.60 28.72 1859.30 1233.05 - -
BL Kash [1] 80.05 84.75 80.90 87.30 78.85 4941.30 87.24 26.10 37 84.73 GardenReach 807.90 814.80 811.05 828.00 792.35 403.68 973.95 398.75 31 815.00 K C m Nesco [2] 886.40 873.30 895.00 895.00 866.55 95.84 933.95 505.25 18 872.75
BlackBox 273.15 271.95 276.90 279.20 268.10 50.99 312.20 84.40 - - GarwareHiTec 2021.60 2069.05 2003.00 2115.50 2003.00 29.02 2200.00 491.35 - - KP NestleIndia [1] 2543.60 2563.15 2560.00 2565.95 2525.00 752.37 2770.75 1788.80 82 2562.45
Bliss GVS [1] 127.95 125.20 128.80 128.80 123.00 547.68 148.95 69.15 19 125.25 GarwarTecFib 3586.35 3502.95 3604.30 3625.00 3485.00 7.29 3830.05 2586.95 39 3502.10 K NetwebTecInd 1497.35 1572.20 1545.00 1572.20 1525.50 122.46 1585.15 738.60 - -
BLSE-Service 387.30 390.85 391.90 397.00 374.20 1129.67 423.70 300.00 - - GatwayDistri 107.25 106.00 108.00 109.35 104.30 1354.60 121.55 58.55 - - m Neuland 7271.25 7199.35 7290.00 7290.00 7070.00 25.76 7323.80 1544.75 29 7197.95
BLSIntlServ [1] 379.10 376.00 379.00 382.50 370.65 1354.22 430.00 149.70 - 376.30 GE Ship 920.10 923.05 924.90 942.00 915.00 340.52 1043.30 532.00 6 922.30 M NewgenSwTech 760.00 763.10 742.35 764.25 742.35 102.57 900.00 213.45 50 762.85
Blue Dart 6230.15 6230.80 6279.00 6279.05 6161.05 5.84 7649.90 5633.00 52 6237.95 Geecee 288.15 289.90 291.45 292.00 287.55 5.66 349.20 122.05 95 291.20 NglFineChem 2142.45 2173.85 2142.45 2194.00 2107.80 6.79 2439.95 1175.05 - -
BlueStar [2] 1271.55 1277.60 1280.60 1292.45 1255.55 143.14 1298.75 672.50 82 1270.10 GeewayWires 111.10 108.40 109.30 112.10 107.10 106.07 126.50 73.70 - - C H NHPC 92.65 94.10 92.40 94.90 88.60 172188.77 115.84 37.80 26 94.01
BlujetHealth 348.15 349.75 349.00 351.90 343.00 264.10 433.40 319.50 - - Genesys [5] 518.65 504.20 518.95 520.05 500.00 205.40 541.00 267.00 63 505.25 P NIIT [2] 129.00 129.70 130.00 130.50 126.25 798.55 154.63 71.73 113 129.75
Bodal Chem [2] 81.20 82.00 81.80 82.45 80.20 1167.56 94.33 55.00 - 82.08 GenInsCorpIn[5] 425.20 429.60 435.00 439.20 411.25 4445.65 467.00 127.80 12 430.80 NIITLearnSys 540.20 533.05 542.00 554.95 524.00 234.37 554.95 342.30 - -
BodhiTreeMul 190.10 180.15 191.10 191.10 176.25 235.65 221.90 122.60 - - GenricEngCon 50.10 50.95 50.95 51.50 50.10 65.58 64.15 35.95 - - W Nilkamal 1998.65 1987.55 2000.00 2009.95 1980.00 4.14 2800.00 1671.60 26 1990.00
Bomay Bur [2] 1712.75 1711.40 1716.90 1725.65 1672.85 95.90 1838.00 780.65 - 1710.05 GensolEngg 1298.85 1268.05 1305.00 1307.80 1252.00 207.98 2527.05 708.90 - - WH NINTECSYSTEM 529.05 516.35 529.05 531.70 514.00 2.85 649.15 246.00 - -
Bombay Dye [2] 177.80 178.65 179.45 180.00 173.25 953.87 194.95 53.37 - 178.60 Genus P&B [1] 22.70 23.05 22.65 23.30 22.00 1829.09 28.44 12.65 - 23.09 WN R R Nippo Bat [5] 664.90 666.80 683.45 695.00 660.00 7.55 856.00 284.35 97 666.75
Borosil 387.55 392.85 388.55 395.25 384.70 149.97 420.00 333.20 - - Genus Pwr [1] 254.00 250.45 250.15 257.90 243.55 1512.39 343.80 78.82 115 250.45 W NipponLIAM 504.80 499.95 504.80 508.70 496.00 378.25 541.40 196.90 - -
BorosilRenew 560.15 558.25 564.45 568.40 545.25 671.27 669.35 380.00 - - GeojitFinSer 79.15 78.10 79.80 80.30 77.35 496.50 90.00 39.15 - - K Nitin Spn 366.65 366.75 370.80 370.80 359.10 70.44 395.00 201.90 16 367.00
Bosch 28054.25 28444.10 28250.00 28551.00 27922.00 45.84 29199.95 17490.90 50 28465.45 GEPowerIndia 299.65 293.35 301.70 302.90 288.30 595.05 318.50 97.45 - 295.70 NLC India 246.30 248.45 247.05 250.55 238.45 2954.98 293.60 69.79 14 248.65
BPCL 633.20 625.90 629.00 630.85 610.8513826.79 687.65 314.10 4 626.25 GFL 88.75 87.65 90.00 90.90 86.10 133.69 118.45 45.35 - - Nmdc [1] 232.60 239.00 235.00 239.60 231.3017900.59 252.65 103.75 12 238.90
BPL 100.70 102.15 101.00 103.30 98.25 198.38 127.50 46.82 32 102.15 Ghcl 510.65 512.80 510.65 514.15 509.00 160.67 659.00 462.45 7 512.40 P NMDCSteel 61.20 63.10 61.60 64.05 59.9023276.56 73.70 29.75 - -
Brigade 1005.00 1003.90 1037.00 1055.25 983.00 714.73 1107.65 446.00 88 1004.35 GhclTextiles 91.60 91.50 91.80 92.70 89.20 440.03 98.25 62.50 - - Nocil 282.45 277.00 283.30 284.70 273.30 1270.38 297.80 199.05 39 277.15
BrightcomGr [2] 18.00 18.10 18.15 18.20 17.7512677.12 36.82 9.27 - 18.09 GIC Hsg 234.45 234.25 235.80 236.45 230.90 246.32 292.45 144.70 8 234.75 W NOVA AGRITECH 64.15 63.00 64.70 64.75 62.15 716.28 77.20 55.00 - -
Britannia [1] 4923.00 4956.95 4924.95 4968.00 4860.00 255.31 5386.25 4154.00 56 4957.30 Gillette 6509.90 6543.30 6500.00 6580.00 6480.00 6.55 7318.10 4140.00 54 6551.05 H NRAgarwalInd 463.75 451.50 457.20 460.00 447.20 7.47 538.00 196.25 - -
Brooks Lab 128.50 122.45 129.85 130.20 121.65 126.01 185.15 56.50 - 122.40 Ginni Fil 39.30 39.10 40.70 40.70 38.50 110.58 45.28 16.70 - 39.11 D NRB Bear [2] 323.05 324.15 326.90 326.90 318.90 82.59 400.75 125.05 33 323.95
BSE 2216.20 2200.20 2215.00 2222.85 2159.85 468.92 2598.95 406.20 - - GlandPharma 1952.70 1898.65 1953.00 1953.00 1894.45 238.39 2194.00 861.00 - - NTPC 336.10 339.55 339.00 340.25 330.6016083.12 347.85 166.65 18 339.55
BtrflyGandhi 890.70 903.45 892.00 919.00 876.00 8.76 1382.30 873.25 56 890.70 Glaxo Phr 2238.35 2159.30 2258.00 2258.00 2151.15 212.94 2649.95 1228.00 58 2159.30 CNC Nucleas Sw 1347.55 1414.90 1373.90 1414.90 1321.10 52.07 1830.00 534.05 18 1395.25
Glenmark [1] 900.60 912.45 900.00 916.00 898.10 715.44 922.25 414.50 24 913.30 NupurRecycle 127.85 125.55 129.75 129.95 124.25 104.24 149.00 86.05 - -
C .............................................. GlnmarkLifSc 876.85 877.55 874.95 881.50 861.50 201.57 900.00 370.00 - - K NURECA 347.40 345.80 343.50 350.85 343.50 15.34 468.80 295.10 - -
Cambridge 99.90 100.95 100.95 103.45 98.60 113.38 109.30 46.00 50 100.92 Glob.Spr 800.55 800.10 795.05 806.55 795.05 77.72 1326.25 756.00 17 799.45 K NuvamaWealth 4290.00 4484.95 4341.00 4541.40 4219.35 56.24 4548.95 2100.00 - -
Camlin Fine [1] 123.95 124.40 124.15 125.90 122.65 354.48 186.25 112.10 - 124.40 GlobalEductn 263.35 256.85 264.70 265.30 250.85 74.58 382.70 136.30 - - K C NuvocoVistas 345.55 341.50 348.85 348.85 340.65 132.08 398.00 288.00 - -
CampsActWear 252.00 252.60 256.40 265.85 251.0010086.39 417.90 237.80 - - GlobalHealth 1432.25 1486.25 1450.10 1500.00 1413.40 438.76 1513.90 464.30 - - K C m
Canara Bk 567.35 582.20 573.00 584.70 563.45 8046.19 594.50 268.85 8 582.35 GlobalSurfac 285.45 285.90 285.60 289.00 276.85 147.48 333.00 167.50 - - K P O ..............................................
CanFinHom [2] 786.10 794.85 790.00 797.00 781.50 258.14 905.00 508.50 15 794.55 GM Brew 641.80 633.65 648.00 648.00 630.05 33.58 808.40 509.00 12 633.75 K Oberoi 1321.35 1378.15 1334.60 1384.50 1329.00 1505.90 1586.15 814.90 80 1378.50
Cantabil [2] 238.50 248.45 239.70 268.00 233.55 295.16 278.75 160.10 33 248.35 Gmdc [2] 401.25 415.55 403.00 420.90 391.85 3169.66 505.00 122.75 15 415.25 K OdishaCeme [2] 2086.95 2107.15 2087.90 2110.85 2062.05 620.95 2428.85 1708.30 208 2105.85
CapaciteInfr 255.05 261.70 256.80 264.20 250.20 1598.13 294.85 108.90 26 262.10 GMMPfauder [2] 1352.40 1350.55 1359.90 1365.15 1343.30 107.33 1896.75 1334.85 78 1350.15 K w Oil India 585.20 598.50 592.00 609.70 572.85 9476.68 630.00 238.25 9 598.60
CapitalSFB 428.25 423.20 432.90 432.90 421.60 77.69 469.00 417.05 - - GMR Inf [1] 86.25 87.65 86.85 88.30 84.7529169.63 94.30 36.75 - 87.71 K m H OlectrGrnTec 2062.65 2101.50 2090.00 2221.95 2011.00 6770.26 2221.95 374.10 - -
CapitalTrust 115.80 120.40 118.70 122.80 113.55 60.21 128.00 52.80 - 119.55 GmrPwr&Urbn 51.05 50.35 51.35 51.40 49.15 2174.36 61.20 14.35 - - K m Omaxe 113.00 111.80 116.00 116.40 110.55 342.29 121.40 42.39 - 111.80
Caplin Point [2] 1545.45 1521.50 1555.00 1555.00 1515.00 54.53 1617.80 575.00 43 1519.80 GNA Axles 428.75 426.25 430.00 432.45 422.05 34.91 582.05 365.53 16 425.50 K m OMDC [1] 6766.00 6766.10 6750.10 6830.00 6683.80 4.91 8342.35 2295.00 - 6763.65
CapriGlo [2] 958.05 956.90 963.00 966.50 952.10 73.69 1048.40 565.85 104 956.35 GNFC 668.05 669.25 668.05 672.00 658.15 273.07 814.85 484.45 15 668.75 K C m OmInfraLtd 138.10 140.25 141.90 141.90 135.50 230.56 158.55 117.85 - -
CARE 1156.10 1148.95 1165.00 1175.00 1130.05 51.61 1196.80 609.85 31 1149.35 Goa Carb 855.65 877.65 860.00 894.90 835.05 215.27 928.70 391.80 10 876.30 K P One97Communi 395.05 388.35 400.00 402.95 380.6021147.93 998.30 318.05 - -
CartradeTech 692.40 691.50 696.90 699.25 690.00 61.70 899.65 340.15 - - GOCL Corp [2] 496.70 481.55 489.80 489.80 474.40 143.00 640.00 278.25 53 481.90 K N ONGC [5] 272.95 274.70 273.85 276.00 268.5016791.45 281.05 146.70 9 274.85
Carysil 1040.40 1025.25 1056.00 1056.70 1008.20 75.63 1150.95 501.30 - - God.Pow.Isp [5] 774.30 780.55 782.80 784.50 770.00 160.34 844.55 338.00 12 780.10 K B OnMobile 86.20 85.05 85.75 87.00 84.00 992.32 128.30 56.27 - 85.15
CastrolIndia [5] 201.95 204.70 203.05 206.20 199.00 4750.32 214.00 107.70 23 204.90 Godfrey [2] 2637.15 2765.90 2660.00 2779.00 2650.00 176.23 2781.00 1605.05 18 2769.50 K Onward Te 575.05 564.60 582.00 582.00 559.65 43.65 738.95 267.60 42 565.45
CCL Prd [2] 643.50 638.20 646.70 648.80 636.00 46.04 750.00 530.00 72 638.50 Godrej Cons [1] 1236.10 1256.35 1242.85 1261.65 1222.60 656.73 1299.90 895.00 71 1256.15 K OptimusInfra 301.55 299.90 304.00 304.35 295.80 146.80 381.20 160.45 88 299.95
Ceat 2885.00 2906.85 2884.05 2933.10 2828.00 110.50 2997.25 1357.60 18 2904.60 Godrej Ind [1] 801.05 804.50 795.00 809.10 795.00 225.65 911.15 395.20 - 800.50 K OracleFinSer [5] 7752.85 7909.15 7768.85 7934.20 7634.00 227.28 8135.35 3115.00 33 7912.65
CEInfoSystem 1801.45 1818.65 1805.95 1840.00 1795.10 57.50 2343.95 984.05 - - Godrej Pr [5] 2343.35 2387.40 2346.45 2392.95 2330.00 629.89 2456.85 1005.70 108 2387.25 K Orbit Exp 187.40 190.00 190.20 191.00 187.50 12.07 230.00 114.85 17 189.80
CelloWorld 822.20 800.90 824.00 824.00 795.50 219.98 920.00 748.55 - - GodrejAgrovt 513.10 514.35 515.70 519.90 510.05 103.45 581.60 391.20 28 514.00 KBCG OrchidPharma 1168.85 1148.70 1191.00 1200.00 1115.05 144.87 1225.95 556.85 - -
Cent Enka 448.75 444.30 451.85 453.40 438.10 33.75 503.00 340.00 24 444.60 GoFashionInd 1167.20 1161.10 1168.90 1168.90 1141.00 17.43 1404.70 876.05 - - KCP Oricon Enter [2] 42.35 42.00 42.50 42.50 41.20 437.36 49.34 15.25 - 42.19
Cent.Bk 65.85 66.90 66.30 67.35 63.8022223.26 76.85 22.25 25 66.84 Gokaldas [5] 843.30 834.60 837.25 850.00 830.65 115.64 1022.00 340.00 33 834.00 KCP Orient Bell 384.15 383.65 392.00 392.00 376.95 14.41 648.95 349.00 355 382.75
Cent.Elec 1778.75 1759.20 1819.00 1864.90 1706.70 27.40 1970.00 497.00 45 1751.70 Gokul Agro [2] 111.80 111.20 112.60 112.75 110.05 79.62 135.00 94.90 16 111.15 KDD Orient Cem [1] 254.55 257.05 256.80 262.00 255.00 515.33 293.75 104.70 30 256.80

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ORIENT CERATE 59.05 63.05 59.95 64.40 57.30 776.05 66.60 49.70 - - SAMHI HOTELS 196.95 214.00 198.40 222.60 197.30 9886.70 222.60 127.25 - - Thermax [2] 3544.20 3721.70 3547.75 3758.85 3495.00 212.82 3756.40 1985.05 109 3720.40 DSPAMC - DSPBANKETF 47.22 47.12 9.75 51.00 35.90 -
Orient Htls [1] 128.75 130.00 129.90 131.75 126.00 544.95 138.05 75.00 41 130.05 SamvdMthnInt 113.10 114.10 113.60 114.50 110.95 8878.65 123.40 61.80 - - Thiru.Chem [1] 245.10 266.00 247.15 268.00 241.90 4377.02 268.00 168.35 45 265.85 DSPAMC - DSPGOLDETF 61.65 61.97 3.35 71.70 55.00 -
Orient Pap [1] 50.55 49.60 50.85 50.85 48.55 1504.09 59.79 34.35 17 49.57 Sandesh 1358.40 1343.25 1384.00 1384.00 1334.50 7.17 1409.75 782.10 8 1343.85 Thom.Cook [1] 165.55 170.65 168.00 172.45 164.05 1059.67 189.85 52.45 99 170.85 DSPAMC - DSPITETF 37.88 38.42 9.12 39.40 29.00 -
OrientalArmt 362.90 362.25 363.15 365.15 356.50 9.15 503.20 295.55 - - SandharTech 540.05 544.75 538.00 552.60 533.15 228.41 598.95 186.10 30 542.15 ThyrocareTec 614.55 616.90 611.00 620.00 601.25 24.97 690.30 416.00 53 616.00 DSPAMC - DSPN50ETF 225.94 227.48 2.12 254.00 170.95 -
OrientalCar 757.80 763.75 761.60 770.00 745.00 14.08 936.85 652.25 18 765.55 SANDUR MANG 418.30 410.85 425.00 434.75 406.00 352.10 3492.45 406.00 - - Tidewater [2] 1721.30 1740.20 1720.00 1747.95 1701.20 44.91 1831.00 809.75 32 1737.80 DSPAMC - DSPNEWETF 285.87 287.31 5.72 289.90 194.25 -
OrientElect 204.10 207.20 203.05 208.00 201.95 317.79 284.05 189.00 - - Sangam 506.30 490.40 509.95 517.90 467.00 74.34 627.20 204.25 32 482.85 Tilakngr Ind 225.30 226.10 227.90 228.00 222.00 267.19 291.00 95.50 33 226.20 DSPAMC - DSPPSBKETF 71.03 71.49 8.48 78.00 43.92 -
OswalAgroMil 47.05 50.05 47.00 51.50 46.55 254.77 58.95 23.55 - 49.69 Sangh.Mov [2] 1149.05 1171.10 1149.50 1180.00 1123.05 139.13 1232.25 305.40 29 1169.55 Time Tech [1] 218.85 219.85 219.30 222.20 213.20 2153.89 234.00 69.55 34 220.25 DSPAMC - DSPPVBKETF 23.49 23.47 42.68 28.06 21.75 -
OswalGrenTec 36.80 37.40 36.35 38.10 35.65 493.05 49.40 16.80 - - Sanghi Ind 116.05 113.95 117.00 117.00 113.00 351.30 156.20 54.60 - 113.90 Timken 2811.75 2809.55 2825.65 2834.95 2781.75 53.92 3575.95 2658.70 60 2814.85 DSPAMC - DSPQ50ETF 210.38 211.71 1.29 219.70 151.15 -
Sanofi 9197.45 9208.85 9230.00 9230.00 9108.55 7.74 9275.00 5329.70 37 9212.40 Tips Ind [1] 486.25 489.40 486.80 493.95 483.25 151.41 500.00 143.35 52 489.50
DSPAMC - DSPSENXETF 73.14 73.29 1.67 83.00 63.03 -
P ............................................... SanseraEngg
SapireFoodIn
1031.45
1448.90
1021.50
1449.70
1047.65
1454.55
1050.05
1462.00
1000.35 149.96
1397.20 146.77
1089.95
1567.85
703.85
1120.00
-
-
-
-
TitagarRail
TitanComp [1]
958.55
3656.35
984.50
3652.05
967.25
3676.00
989.00
3676.00
942.45 653.77
3555.35 1017.44
1248.90
3885.00
203.20 -
2320.00 93 3651.80
-
DSPAMC - DSPSILVETF 70.25 70.30 2.57 78.80 60.52 -
P&GHealth 5048.10 5080.95 5073.35 5113.85 5028.20 74.50 5642.85 4492.80 - - DSPAMC - HEALTHADD 120.75 121.51 0.49 132.00 115.00 -
P&S Bk 66.70 67.45 67.40 68.20 64.35 3607.19 77.50 23.06 50 67.33 Sarda Ene [1] 217.35 221.20 219.00 222.70 213.60 439.29 264.95 96.70 15 221.55 TMB 491.65 490.40 492.00 494.35 484.80 86.79 611.35 399.00 - -
Saregama [1] 406.30 407.85 404.00 409.80 401.85 349.88 458.80 284.02 44 407.50 TN News 269.15 268.15 269.15 270.55 263.00 222.37 330.95 200.05 7 267.90 DSPBRAMC-LIQUIDETF 999.99 999.99 307.31 1045.00 995.30 -
Page Ind 36318.00 36094.45 36350.00 36364.95 36002.50 12.62 43599.00 34968.60 75 36078.00 EDELAMC - EBBETF0425 1185.27 1185.12 0.71 1219.95 1103.00 -
PaisaloDigit [1] 155.15 153.20 156.20 158.50 151.40 1562.87 169.00 42.01 42 153.25 Sarla Perf [1] 68.00 67.60 68.90 68.90 65.10 313.46 73.90 32.40 19 67.64 TN Petro 97.15 96.35 97.70 98.55 94.80 398.99 113.85 68.37 16 96.50
Sasken 1756.60 1744.50 1738.25 1785.55 1730.00 24.97 1814.30 774.00 26 1739.60 Tor.Pwr 1124.70 1119.25 1127.45 1146.30 1111.20 519.83 1235.10 485.00 30 1120.40 EDELAMC - EBBETF0430 1341.56 1342.94 3.91 1398.00 1201.00 -
Pakka 337.75 348.25 340.00 351.00 333.80 260.79 399.00 117.40 - - EDELAMC - EBBETF0431 1199.29 1201.14 4.77 1232.65 1102.85 -
PalashSecu 126.75 124.30 126.90 130.50 122.00 22.01 164.00 87.20 61 124.00 SastaSunVent 376.50 380.75 378.35 384.00 369.95 18.38 506.35 190.05 - 379.50 TorrentPhar [5] 2603.00 2608.00 2603.00 2623.85 2576.10 169.73 2699.95 1446.15 76 2608.85
SatiaIndus 130.10 129.80 131.00 131.05 127.75 275.00 155.00 101.00 - - TotalTranspt 116.30 115.30 118.00 118.00 114.40 17.23 186.60 110.10 - - EDELAMC - EBBETF0433 1098.98 1095.36 3.16 1262.60 858.69 -
PalredTech 175.90 176.80 176.05 179.90 173.05 14.77 229.30 112.10 82 177.10
Pan.Petro [2] 346.55 360.40 348.00 363.60 341.60 563.22 371.10 268.05 17 360.20 Satin Credit 250.80 248.60 254.90 254.90 245.90 511.83 283.65 116.25 7 248.60 Tou.Fin.Cor 231.20 242.75 242.75 242.75 226.6016843.35 247.00 66.75 23 242.60 EDELAMC - EGOLD 63.95 63.65 0.74 74.20 53.10 -
Panac.Bio [1] 158.75 160.55 159.00 162.20 156.40 85.26 202.20 107.15 - 160.50 SATIndust 107.45 107.30 108.00 109.40 105.80 323.38 145.60 55.00 - - TPL Plastech [2] 70.35 69.05 71.45 71.45 67.75 304.58 77.35 26.90 31 69.24 EDELAMC ESILVER 72.87 73.07 2.12 80.97 70.71 -
PansriDevlop 106.70 106.55 114.00 114.00 100.65 45.91 122.95 70.20 - - Savita [2] 430.05 453.65 436.10 474.00 436.10 2174.49 473.90 231.95 15 453.60 TracxnTech 104.10 103.20 104.95 104.95 101.35 646.00 124.20 60.10 - - EDELAMC-BBETF0432 1125.98 1125.32 1.83 1325.38 844.00 -
ParadepPhosp 77.50 76.70 78.30 78.35 76.00 5258.45 85.90 48.30 - - SBCExports 23.75 24.05 23.85 24.90 23.70 2659.55 38.85 16.15 - - Trans.Corp [2] 857.00 841.05 857.00 859.90 832.50 57.52 1080.00 591.00 20 839.65 Gold BeEs [1] 52.64 52.72 1823.66 53.79 46.94 52.72
ParagMilk 254.60 260.05 256.45 261.30 251.15 609.00 290.00 68.00 29 259.75 SBFCFin 89.25 88.95 89.00 90.85 88.45 814.10 97.80 80.20 - - TRANSINDIA RE 51.95 53.80 51.90 54.40 50.55 1197.53 59.80 32.80 - - Goldmanamc - CPSEETF 79.91 81.16 2894.48 82.67 38.15 81.23
Param.Com [2] 85.55 89.80 86.70 89.80 85.15 1084.66 116.70 28.00 36 89.80 SBI [1] 771.50 765.90 773.00 773.00 757.0018799.24 777.50 501.85 11 765.95 TRENT [1] 3894.75 3954.00 3922.00 3966.00 3829.70 1012.23 4098.00 1272.40 158 3952.15 HangSengBees [1] 244.59 249.46 657.26 298.50 225.91 249.65
ParasDef&Spc 727.30 744.75 738.20 755.00 730.00 322.62 848.00 445.55 - - SBICards&Pay 739.25 740.75 739.25 743.20 732.60 631.23 933.00 699.00 - - Trib Bhimji 124.50 125.00 124.10 126.05 123.00 100.15 143.90 58.50 16 124.90 HDFC GOLD ETF 54.25 54.27 181.76 57.25 48.44 -
ParDrugs&Che 213.45 209.95 212.00 216.00 208.00 14.54 248.00 128.35 - - SBILifeInsur 1501.70 1509.65 1510.00 1513.50 1470.20 1355.36 1520.25 1039.25 81 1511.80 Trident [1] 43.45 44.20 43.75 44.45 42.8511142.80 52.85 25.10 - 44.17 HDFCAMC - HDFCBSE500 31.96 32.24 52.28 34.45 22.35 -
PARKHOTELS 213.40 227.00 215.00 229.75 207.40 5246.85 229.75 171.25 - - SchaeflerInd [2] 2868.20 2885.85 2894.75 2902.60 2830.00 45.82 3719.20 2616.05 49 2887.55 Trigyn 127.95 129.50 127.95 130.55 125.50 162.08 167.90 84.75 24 129.40
HDFCAMC - HDFCGROWTH 113.35 113.84 8.65 117.20 83.30 -
PasuptiAcryl 47.80 46.50 48.25 48.50 46.00 406.61 51.30 22.35 - - SChand&Co [5] 275.25 273.85 275.65 280.50 272.15 34.84 335.00 174.00 51 274.25 Triv.Eng [1] 350.45 348.05 352.45 353.00 343.05 362.06 417.00 250.10 18 347.90
Triv.Tur [1] 453.90 455.65 460.00 464.35 445.10 485.01 498.00 290.20 77 455.95 HDFCAMC - HDFCLIQUID 1000.00 999.99 6.71 1020.00 980.00 -
PATANJAFOODS 1633.30 1638.35 1638.40 1652.00 1615.50 317.75 1713.80 853.50 - - SCI 242.40 249.00 245.95 250.65 234.05 3324.58 290.60 79.50 17 249.05
SecurCredent 19.90 20.85 20.00 23.70 19.95 2080.49 33.00 15.60 - - TrucapFin 73.80 74.15 74.60 75.40 73.25 264.96 87.10 37.25 - - HDFCAMC - HDFCLOWVOL 18.18 18.22 22.74 179.47 13.00 -
Patel Eng [1] 70.85 70.65 71.20 71.55 68.85 6147.68 79.00 13.10 25 70.64 HDFCAMC - HDFCMID150 18.09 18.17 97.48 168.00 14.17 -
SecuriIntSvc [5] 440.10 436.10 440.20 443.90 433.00 66.95 560.00 317.95 33 435.55 TTK Prst [1] 752.00 746.00 751.25 753.95 740.50 32.07 832.00 652.10 44 745.25
Patel Int 26.00 25.40 26.30 26.50 25.05 813.62 28.87 10.51 - 25.41 HDFCAMC - HDFCMOMENT 29.95 30.29 139.54 255.00 21.75 -
Selan Exp 516.05 515.70 518.55 521.80 508.75 21.06 592.00 228.65 30 516.10 TTKHealtcare 1481.75 1484.55 1489.00 1494.75 1478.10 3.69 1575.00 827.65 32 1486.20
PBFintech 977.90 1021.65 979.90 1025.90 960.35 2591.46 1048.00 482.05 - - HDFCAMC - HDFCNIFBAN 47.55 47.59 973.77 555.00 45.20 -
SencoGold 793.15 807.60 800.00 809.80 778.00 255.05 850.00 358.45 - - TTML 88.90 90.45 89.35 91.30 88.30 5221.41 109.10 49.80 - 90.51
PC Jewl 55.20 53.65 55.80 55.80 53.10 1264.18 65.53 21.40 - 53.73 HDFCAMC - HDFCNIFIT 38.16 38.73 14.36 387.70 37.07 -
SEPC 21.90 22.95 21.90 22.95 21.35 8524.38 27.70 7.50 - - TubeInvIndia 3663.35 3688.55 3681.65 3710.50 3567.00 113.92 4125.00 2375.00 - -
PCBL 302.65 305.95 303.00 314.60 303.00 2736.54 343.50 108.70 - -
Sequent Sc [2] 146.75 148.15 147.55 151.80 142.60 2108.32 155.45 61.80 - 148.20 TV Today [5] 252.45 254.80 253.90 259.50 247.05 328.11 274.10 170.00 27 254.65 HDFCAMC - HDFCNIFTY 241.27 242.97 59.63 248.15 179.99 -
PDS 539.55 537.25 545.45 546.90 535.00 31.16 666.00 304.00 - -
SercotechPwr 93.25 93.15 92.50 95.50 91.80 532.35 143.45 69.50 - - TVS Elec 328.40 320.80 328.00 331.35 319.60 54.11 432.00 291.30 - 321.00 HDFCAMC - HDFCPVTBAN 23.63 23.61 57.33 278.00 22.59 -
Pearl Poly 35.15 37.30 35.45 38.35 35.10 601.28 40.89 17.20 - 37.31
Sesh.Paper [2] 339.00 346.15 340.70 350.00 334.70 96.34 421.75 220.00 7 346.25 TVS HOLDINGS 9224.55 9295.45 9249.50 9497.50 9138.95 16.71 9497.50 3701.20 - - HDFCAMC - HDFCQUAL 51.19 52.07 3.07 52.53 37.06 -
Peninsula [2] 61.70 60.85 61.70 62.45 59.55 1015.49 71.40 11.11 27 60.85
Shal.Paints [2] 196.85 196.75 196.00 199.30 195.10 273.93 225.65 132.80 - 196.80 TVS Mot [1] 2093.50 2128.65 2104.45 2133.75 2090.85 482.48 2185.00 1019.90 50 2128.45 HDFCAMC - HDFCSENSEX 80.14 80.56 8.59 818.25 77.80 -
Pennar Ind [5] 137.60 139.00 138.50 140.25 134.35 718.79 162.30 66.59 35 139.50
Shalby 293.80 296.10 293.10 302.00 289.10 189.75 333.85 114.35 32 296.15 TVS Sri 4413.10 4366.90 4406.00 4415.00 4264.90 6.84 5094.95 2454.15 33 4386.15 HDFCAMC - HDFCSILVER 69.69 69.55 60.39 77.15 60.89 -
Persistnt 8519.90 8560.15 8574.95 8625.50 8505.00 192.08 8979.85 3959.25 62 8558.75
ShankarBldg 779.00 762.45 782.95 786.95 758.50 141.95 929.30 574.00 27 762.15 TvsSuplyChan 190.05 187.70 192.00 194.40 186.65 1175.31 258.00 178.70 - - HDFCAMC - HDFCSML250 150.61 151.58 144.98 158.62 85.00 -
Petronet 280.70 284.00 280.00 285.95 277.15 3793.05 296.15 191.65 12 283.95
PFC 412.40 415.60 412.00 417.20 399.6512734.24 477.80 112.00 10 415.70 Shanthi Grs [1] 524.30 525.40 525.65 530.60 521.00 15.63 645.00 316.80 53 524.80 HDFCAMC - HDFCVALUE 125.93 126.76 5.88 131.50 88.90 -
Pfizer 4510.55 4478.05 4555.65 4555.65 4431.05 34.71 4838.90 3406.95 40 4490.00 ShardMotor [2] 1478.15 1462.80 1460.00 1493.45 1457.05 23.51 1571.00 550.00 16 1462.45 U ............................................... HDFCAMC HDFCPSUBK 71.55 71.54 26.92 79.65 65.40 -
PG Elec 1878.60 1883.95 1884.00 1895.00 1865.00 35.00 2570.00 1288.20 79 1886.45 ShardaCropch 370.85 365.70 373.10 373.10 364.25 124.69 580.00 362.55 20 365.35 UB [1] 1720.10 1732.80 1720.15 1736.00 1706.15 115.02 1913.50 1342.25 136 1733.65 HDFCAMC-HDFCNEXT50 58.93 59.47 13.73 522.32 42.90 -
PGHH 16778.10 16795.45 16778.10 16840.00 16725.00 7.64 19086.20 13101.05 72 16805.00 ShareIndSec 1994.10 1995.55 2007.00 2026.40 1955.20 152.18 2026.40 990.60 - - UCAL 161.35 163.45 162.30 164.50 159.55 23.68 185.00 134.55 - - HDFCAMC-HDFCNIF100 22.89 23.03 11.80 220.70 18.91 -
Phoenx.Mil [2] 2896.15 2806.20 2892.55 2892.65 2773.25 472.30 2941.90 1186.45 176 2806.60 SheelaFoam [5] 1069.85 1067.05 1080.00 1085.85 1064.50 18.48 1363.55 905.50 63 1066.15 Uco Bk 59.55 60.50 59.80 60.70 57.4019840.93 70.66 22.26 42 60.49 ICICI PR NIF LW VL 30 ETF 195.45 196.09 31.99 202.70 133.10 -
PidiliteInd [1] 2729.15 2718.30 2720.20 2732.00 2708.05 260.12 2804.00 2250.85 80 2715.95 Shemaroo Ent 172.55 170.55 170.50 173.80 167.50 76.81 239.80 101.00 - 170.85 Uflex 433.00 430.70 434.95 434.95 428.00 57.08 499.85 325.20 17 430.35
ShetalCoolPr 450.70 425.80 451.00 451.15 420.20 57.52 717.05 318.25 - - ICICI PRUD SENSEX ETF 812.71 815.27 4.57 819.64 626.07 -
PIIndustries [1] 3683.00 3680.85 3681.00 3697.95 3632.55 141.41 4010.00 2870.00 34 3678.90 UFO Moviez 154.60 154.10 155.00 156.60 151.05 258.47 174.00 57.30 47 153.95 ICICIPRAMC - ICICI10GS 226.80 226.52 1.12 232.50 207.40 -
Pilani Inv 3065.70 3173.05 3069.95 3221.00 3069.95 8.54 3392.95 1602.65 21 3173.70 Shilpa Med [1] 441.10 450.35 445.00 454.40 431.90 1578.80 454.80 222.40 - 450.25 Ugar Sug [1] 85.25 83.20 84.95 85.25 82.50 383.88 135.65 76.00 14 83.29
ShilyEngPlas 506.95 505.05 510.55 523.65 502.50 167.39 1914.95 309.70 - - ICICIPRAMC - ICICI500 34.12 33.88 257.34 34.58 23.71 -
PiramalPharm 134.90 134.60 135.80 136.00 132.45 2426.68 149.00 63.10 - - UgroCapital 264.45 269.20 264.45 269.95 261.85 111.03 319.15 144.30 - -
ShivalikBimt 542.25 545.25 542.25 549.80 536.05 53.20 750.00 384.00 - - UjivanFinSer 551.45 533.70 552.45 552.45 530.50 861.69 614.70 233.20 35 533.80 ICICIPRAMC - ICICIALPLV 262.59 264.96 53.25 266.48 167.06 -
Pirmal.Ent [2] 922.35 936.05 930.50 939.25 913.60 1525.82 1140.00 630.20 18 935.70 ICICIPRAMC - ICICIAUTO 205.50 208.67 53.91 209.48 120.40 -
PittiEngg [5] 671.80 727.00 682.00 737.00 680.00 998.05 748.00 256.80 31 729.45 Shivam Auto [2] 43.35 43.00 44.00 44.05 41.65 316.94 47.00 20.50 - 42.96 UjjivanSFB 54.30 53.70 54.60 54.60 52.60 8498.62 63.00 22.75 - -
ShivlkRasayn 641.20 634.35 644.40 644.40 631.35 8.12 893.00 603.60 - - UltraTech 9968.40 9961.2010000.0010020.90 9802.30 363.8410522.65 6991.35 46 9960.05 ICICIPRAMC - ICICIBANKP 233.93 233.63 208.88 251.10 194.26 -
PixTransmisn 1302.45 1284.85 1308.00 1308.00 1275.05 6.15 1568.95 717.20 - -
Shop.Stop [5] 742.00 734.25 740.00 744.70 725.00 21.51 889.75 574.85 111 733.30 UmangDair [5] 81.35 81.60 81.40 82.95 79.25 35.15 92.10 49.51 - 81.24 ICICIPRAMC - ICICICOMMO 82.77 83.42 61.29 84.82 53.75 -
Plastiblen [5] 277.90 279.25 277.70 282.10 273.85 23.06 357.15 139.00 22 280.55
PNB Gilts 105.45 107.50 105.85 108.10 103.00 587.16 128.38 55.25 - 107.50 Shr.Ren.Sug [1] 49.60 49.00 50.00 50.05 47.8513654.04 57.25 39.50 - 48.96 Unichm Lab [2] 542.85 543.85 549.00 549.00 535.10 26.88 579.80 271.65 - 544.25 ICICIPRAMC - ICICICONSU 100.17 101.46 88.89 108.00 71.00 -
PNB Housing 726.75 716.75 730.10 738.85 712.00 399.74 913.95 384.17 14 717.05 Shre PushChe 188.75 190.55 190.20 193.25 186.65 49.44 242.00 141.00 32 190.15 UninfoTelecm 50.75 51.05 51.90 53.70 49.30 128.67 56.95 15.10 - - ICICIPRAMC - ICICIFMCG 560.44 564.72 11.32 607.58 455.32 -
PNC Infratec [2] 413.35 409.55 416.00 419.50 405.50 300.04 463.20 261.25 17 409.70 ShreDigvjCem 109.55 109.00 109.95 110.70 108.40 293.17 123.90 57.30 - - Union Bk 145.10 147.30 146.45 147.95 142.1024062.94 155.30 60.32 8 147.25 ICICIPRAMC - ICICIINFRA 82.75 83.29 66.70 84.57 50.52 -
Pokarna Ltd [2] 506.45 506.25 507.00 511.20 498.95 25.97 599.95 233.75 - 505.40 ShreeCements 26345.00 26603.35 26345.05 26650.00 26207.40 18.53 30710.15 22601.30 41 26610.70 UnipartsInd 544.70 545.80 549.00 550.50 541.40 41.03 722.65 501.15 - - ICICIPRAMC - ICICILIQ 999.99 999.99 578.99 1200.00 970.00 -
Poly.Medi [5] 1613.40 1596.45 1634.00 1638.70 1581.00 63.68 1727.00 914.75 64 1598.50 SHREEOSWAL 42.00 42.80 42.20 43.25 41.50 76.15 425.35 40.00 - - United Nil 366.75 373.35 373.00 383.95 365.00 58.17 383.95 256.00 - - ICICIPRAMC - ICICIM150 183.86 185.01 53.50 187.98 112.27 -
PolycabIndia 4716.60 4716.60 4731.85 4741.40 4652.35 425.95 5733.00 2753.90 - - Shreyans 257.20 251.10 257.20 262.00 249.15 29.52 318.45 129.75 4 250.30 United Spr [2] 1141.20 1159.75 1141.25 1162.65 1135.70 573.61 1163.85 730.90 75 1159.65 ICICIPRAMC - ICICIMOM30 30.28 30.62 237.30 31.58 17.87 -
Polyplex 902.20 901.05 905.50 910.00 886.00 183.49 1643.90 886.35 - 899.45 Shreyas 271.90 268.50 271.90 275.45 267.30 47.72 506.00 212.20 - 267.60 UnitedDrilng 283.25 278.20 285.25 286.80 276.40 20.02 319.00 168.35 - - ICICIPRAMC - ICICINXT50 60.56 61.03 118.70 62.75 37.10 -
PonawalaFinC 459.15 466.05 461.00 469.00 456.45 934.22 519.70 274.65 - - SHRIRAMFINAN 2355.95 2395.20 2359.10 2399.70 2333.05 514.24 2496.55 1190.00 - - Univ.Cab 467.35 470.55 468.55 475.00 460.00 11.57 562.00 324.60 38 468.25 ICICIPRAMC - ICICIPHARM 122.79 122.98 9.98 125.28 73.81 -
PondyOxides 754.05 750.00 757.00 765.00 738.00 14.25 906.30 262.10 - - SHRIRAMPIST 1707.10 1692.40 1719.25 1721.25 1669.10 125.59 1866.95 948.90 - - UnivastIndia 145.00 144.60 146.00 152.25 141.00 54.50 152.25 76.50 - - ICICIPRAMC - ICICIQTY30 187.60 189.30 40.97 191.25 156.80 -
Ponnie Sug 457.75 450.00 464.00 464.00 448.25 51.02 514.90 361.40 10 449.90 ShriramPropr 123.10 120.10 124.00 125.60 119.15 4727.42 140.90 53.00 - - UnoMinda 634.60 632.80 639.50 643.85 628.50 192.71 726.00 435.00 - - ICICIPRAMC - ICICISILVE 72.31 72.37 89.89 79.41 63.09 -
Power Mech 5101.65 5105.50 5131.00 5152.50 4967.85 50.20 5544.00 2006.25 34 5104.20 ShyamMetalic 643.55 647.05 651.05 651.70 630.15 538.12 737.80 254.55 - - UPDATESERVICE 337.35 340.35 341.60 345.35 331.10 235.30 384.10 235.30 - -
Siemens [2] 4440.35 4552.50 4450.00 4587.00 4418.00 236.91 4584.00 3120.15 84 4550.65 ICICIPRAMC - ICICITECH 39.58 40.22 387.44 41.35 27.25 -
PowerGrid 280.10 282.60 280.10 283.50 273.2526793.59 289.45 159.45 17 282.55 UPL [2] 492.15 492.30 493.30 494.20 484.05 2881.06 760.45 452.40 36 492.45
ICICIPRAMC - IPRU5008 47.47 47.37 915.24 50.92 38.00 -
96eed26b-6814-45ab-804d-2e0ba 8d4232

96eed26b-6814-45ab-804d-2e0ba 8d4232
PowerInst(G) 79.10 78.90 81.75 83.00 76.10 218.26 83.00 36.25 - - SigachiIndus 82.50 83.90 83.25 84.00 80.10 2261.34 419.40 36.40 - - Usha Mar [1] 305.40 303.20 307.80 307.80 299.90 880.30 379.70 164.45 29 303.35
SigmaSolve 425.65 437.75 429.80 441.25 424.50 14.55 570.00 297.25 - - UTIAMC 934.90 919.00 940.00 942.95 912.05 143.57 965.00 608.00 - - ICICIPRAMC - PSUBANKICI 71.81 71.95 324.15 77.94 35.34 -
Praj Ind [2] 501.25 508.95 502.10 513.70 497.10 610.91 650.30 299.00 33 508.90 ICICIPRAMC-BARATWIN 100.29 101.47 1731.62 104.35 55.90 -
PrakashPipes 426.30 439.30 430.10 441.05 415.00 127.03 493.00 134.20 - - SIGNATUREGLO 1342.30 1347.20 1335.05 1352.00 1330.00 540.44 1381.00 444.00 - - UtkarshSFB 54.45 55.20 54.25 55.40 53.60 3167.01 68.30 37.20 - -
SignetIndus 77.75 75.35 77.00 78.35 70.80 71.98 89.40 32.25 - - Utm.Sug 368.30 362.45 368.05 368.05 356.00 105.34 535.20 216.00 9 362.55 ICICIPRAMC-ICICI5GSEC 55.39 55.48 1.22 62.95 50.30 -
Praksh.Ind 184.20 184.05 185.95 187.20 181.10 478.60 223.70 48.82 10 183.25
SIL Inv 473.80 468.55 474.00 474.00 463.30 3.47 489.20 244.55 15 468.05 ICICIPRAMC-ICICIFIN 22.58 22.67 413.80 23.50 15.21 -
PratapSnack [5] 1176.55 1225.05 1270.00 1344.65 1195.80 1440.05 1450.00 662.00 46 1226.80
PrecisionCam 213.70 214.75 214.95 215.50 211.35 84.01 319.00 88.41 26 214.85 SilvrTuchTec
SimbholiSug
727.35
35.80
736.10
34.00
727.00
36.25
753.90
36.35
722.00 34.67
33.50 789.63
780.00
38.50
322.05
18.10
-
- 34.02
- V ............................................... ICICIPRUDENGOLDETF
ICICIPRUDNV20 ETF
54.29
136.09
54.29
137.77
171.06
39.26
57.30
141.30
47.05
95.30
-
-
Precsn.Pipe 210.80 209.65 214.80 214.80 208.00 14.99 294.70 147.85 117 209.00 V Mart 1998.55 1988.55 1997.35 2019.80 1975.50 15.79 2486.20 1591.00 - 1996.45
Precsn.Wre [1] 137.35 137.15 137.35 139.80 134.50 437.88 155.55 59.50 38 137.05 SINDHU TRADE 37.75 37.85 38.50 38.80 37.7517194.67 43.90 21.65 - - V2 Retail 374.20 367.85 382.70 383.95 363.80 28.78 413.40 67.00 84 368.05 ICICIPRUMIDCAPSE ETF 148.24 149.87 28.91 152.99 88.77 -
PremierExplo 1430.15 1528.40 1437.30 1540.00 1392.30 122.99 1687.85 352.50 69 1528.30 SircPaintInd 371.25 373.80 372.95 390.20 371.15 131.34 685.00 297.00 - - VA T Wab [2] 715.35 738.55 720.00 740.95 711.55 321.94 744.25 304.55 15 738.95 ICICIPRUNIFTY ETF 242.42 244.53 300.11 251.35 179.20 -
PremPolyfil [5] 187.15 191.00 187.95 195.00 185.05 39.22 389.80 112.37 38 252.25 Siyaram [2] 512.25 509.50 513.05 514.95 505.00 27.14 633.80 400.00 12 508.80 Vadilal 3683.55 3684.05 3700.00 3752.00 3629.55 9.25 3915.50 1800.00 28 3679.05 ICICIPRUNIFTY100 ETF 247.49 248.66 24.83 254.10 181.90 -
Prestige Est 1190.25 1212.10 1190.10 1228.85 1189.00 645.63 1440.00 391.30 216 1211.50 SJSEnterpris 626.55 634.40 632.45 642.00 630.00 91.40 745.00 377.65 - - Vaibhav [2] 450.30 447.15 450.00 450.00 435.55 483.77 543.05 268.60 97 446.70 IDFCAMC-IDFNIFTYET 237.85 237.39 0.36 254.96 176.00 -
Pricol [1] 410.15 401.65 413.60 413.70 399.00 422.66 442.30 174.50 43 401.90 SJVN 120.80 121.60 121.00 123.40 115.7034354.01 170.45 30.39 54 121.55 VaishaliPhar 156.70 155.05 157.70 157.80 154.35 35.10 203.60 114.85 - - Infra BeEs 839.50 845.20 12.35 2548.00 1781.10 2374.00
Prime Foc [1] 121.60 122.20 121.05 125.45 119.20 101.12 147.90 67.50 - 122.00 SKF India 4557.20 4519.85 4581.20 4581.20 4470.10 14.48 5528.90 3961.00 45 4519.90 Vakrang [1] 25.80 26.40 25.95 26.60 25.00 8389.82 32.19 12.83 - 26.35 InvesIndGold [100] 5518.00 5506.05 0.01 5714.50 4883.00 -
Prime.Sec [5] 182.00 180.15 180.40 182.00 177.20 82.41 200.05 92.30 46 179.75 Skipper [1] 322.95 337.60 324.00 340.60 313.50 779.36 362.50 85.27 53 338.20 ValiantLabs 175.60 175.40 176.50 180.00 172.55 93.16 214.95 162.10 - - InvesInNifty 2464.00 2471.13 0.36 2848.00 1860.95 -
PrincPipeFit 588.90 585.80 589.85 594.05 584.40 114.20 776.00 533.05 - - SKM Egg 267.40 263.75 271.95 271.95 261.00 81.35 559.40 122.20 7 264.25 ValiantOrgan 435.90 431.70 440.25 440.25 430.30 76.53 635.00 355.00 - - Kotak Nifty [5] 237.50 239.09 45.12 2063.00 1644.20 1726.50
PrismJohnson 171.65 170.45 172.90 172.95 170.05 84.19 198.90 101.20 - 170.25 SMCGloblSecu 133.90 134.45 135.35 140.60 132.20 788.25 142.80 69.70 - - Vard Text [2] 438.35 433.25 439.95 441.25 430.55 161.33 455.95 270.00 22 433.40
SML Isuzu 1714.70 1749.35 1733.00 1754.00 1692.20 200.76 1753.35 658.20 31 1748.35 Kotak PSU Bk 712.01 711.16 13.02 724.89 350.05 713.81
Prit.Nandi 67.75 68.20 69.50 72.00 67.15 565.71 71.75 29.19 - 68.27 Vard.Acry 68.55 68.00 69.40 69.40 67.05 87.77 265.75 184.40 - 227.00 KOTAKMAMC - KOTAKIT 39.91 40.15 71.07 41.00 27.45 -
PriviSpecial 1203.45 1253.30 1195.05 1264.00 1180.00 62.52 1365.50 901.30 - - SMS Phr [1] 145.85 145.35 146.60 147.00 143.65 197.31 160.00 54.50 30 145.20 Vard.Hld 3192.80 3172.45 3195.00 3211.30 3157.55 1.26 3787.90 2411.00 34 3184.95
SnowmanLogi 80.80 80.60 81.85 83.25 80.10 4379.85 84.85 30.25 - 80.72 KOTAKMAMC - KOTAKLIQ 1000.00 1000.00 44.69 1004.00 999.01 -
ProzonRealty 39.40 38.90 39.70 40.00 38.30 859.56 44.80 20.70 - - Vard.SPC 212.40 209.90 210.10 212.65 208.50 49.00 252.00 159.65 24 210.25 KOTAKMAMC KOTAKMID50 140.47 141.51 11.34 146.92 82.70 -
PrudentCorp 1437.35 1378.90 1437.35 1446.50 1366.70 27.93 1449.00 703.30 - - Sobha 1480.00 1483.40 1487.80 1494.15 1433.20 206.06 1577.35 412.40 166 1481.10 VarrocEngg 508.00 511.50 512.00 520.50 508.00 174.03 632.00 239.45 - -
Solar Ind [2] 6687.90 6830.85 6721.05 6878.00 6705.00 106.30 8499.00 3456.95 108 6827.50 KOTAKMAMC KOTAKSILVE 70.59 70.27 5.30 79.00 60.60 -
PSPProjects 709.05 699.95 714.70 714.95 697.95 111.62 846.00 652.15 16 700.80 VARUNBEVER[5] 1464.20 1497.20 1474.50 1500.00 1462.50 1061.91 1500.00 633.30 110 1497.15 KOTAKMAMC-KOTAKALP 44.78 45.14 272.39 46.87 24.19 -
PTC 188.65 195.05 188.70 195.60 186.05 2504.09 254.65 84.00 14 195.00 SolarActPhSc 477.70 483.95 476.05 487.00 468.55 563.40 495.00 286.00 - - Vascon 78.70 78.70 78.25 79.35 76.55 1599.50 93.10 23.83 19 78.82
Som Dist [5] 249.45 252.05 251.70 254.10 247.85 245.69 389.80 112.37 51 252.25 KOTAKMAMC-KOTAKCONS 99.36 100.25 0.43 103.17 69.42 -
PTCInd 8204.20 8224.85 8301.00 8327.50 8058.90 3.23 9540.00 2950.00 - - Vaswani 41.50 42.00 41.95 43.00 41.20 251.31 44.90 18.00 18 41.87
PTL Ent [1] 46.35 46.15 46.90 47.00 45.50 110.39 54.00 29.50 30 46.01 Somany [2] 667.60 687.55 672.15 709.70 656.40 116.09 818.00 466.00 28 686.55 Vedanta [1] 270.00 271.50 271.90 272.95 267.10 6661.90 307.70 207.85 5 271.35 KOTAKMAMC-KOTAKLVOL 18.40 18.56 79.60 19.45 12.55 -
PudumjePap [1] 73.20 74.85 73.65 75.40 72.40 158.18 84.00 34.00 10 74.88 SonaBLWPrecn 612.30 612.95 615.00 616.95 605.70 1034.65 669.95 401.10 - - VedantFashn 982.50 990.70 988.05 1005.95 982.70 330.78 1487.90 933.00 - - KOTAKMAMC-KOTAKMNC 25.18 25.42 125.17 26.38 18.72 -
Pun.Natl.Bk [2] 128.35 129.00 128.95 129.30 125.6541873.54 132.60 44.41 22 129.00 Sonata [1] 833.45 844.20 833.85 852.55 826.00 407.89 865.20 343.00 69 843.95 Venky's 1834.15 1822.70 1837.00 1843.95 1804.65 15.64 2312.95 1420.10 36 1820.65 KOTAKMAMC-KOTKBKETF 479.19 477.58 452.47 498.30 392.32 -
Punj.Chem 1057.20 1051.85 1044.40 1086.65 1019.05 15.02 1391.95 722.10 24 1045.65 South In Bk [1] 32.55 35.70 33.40 35.90 33.0566828.83 40.16 13.79 7 35.70 VensPipe&Tub 1738.60 1694.05 1734.95 1734.95 1670.00 76.50 1774.90 711.00 - - Kotal Gold [1] 52.83 52.98 95.13 53.89 46.91 52.93
Puravankra [5] 253.75 249.95 255.50 257.70 240.25 855.46 269.15 59.35 93 250.00 SouthWestPin 149.85 154.25 150.90 155.80 150.90 98.56 188.20 91.95 - - VenusRem 373.95 356.65 373.00 379.85 353.30 165.26 429.60 146.05 19 357.80 KOTKMAMCKTNV20ETF 139.08 140.45 21.99 141.50 97.80 -
PVRInox 1382.20 1382.80 1390.05 1390.10 1370.00 347.18 1875.45 1336.40 - - SpacenetEnt 36.95 36.80 37.15 37.35 36.15 1059.33 39.40 16.50 - - VerandaLearn 232.20 229.35 233.25 233.25 222.85 124.37 336.90 159.70 - - LIC MF -C GOLD ETF 5687.85 5698.00 0.25 5976.60 5000.00 -
PYRAMID TECH 175.00 173.45 175.00 175.20 171.75 45.13 239.35 156.00 - - SpandnaSphor 993.95 958.00 998.95 998.95 947.30 208.78 1243.20 470.00 - - Vesuvius 3440.00 3435.25 3450.00 3468.00 3416.00 5.23 3955.00 1500.00 33 3429.45 LICNAMC -CNMID100 48.32 48.39 4.09 51.38 47.53 -
SPApparels 627.15 630.10 631.80 636.00 607.75 34.26 684.90 303.90 16 627.95 Veto Switch 151.75 152.90 153.00 156.40 146.05 1390.47 156.35 71.40 13 152.95 LICNAMC-LICNFENGP 239.79 241.68 21.71 265.00 176.85 240.04
Spec.Rest 249.80 240.80 250.30 251.15 237.20 118.60 287.25 168.00 16 240.20
Q ............................................... SpencersRetl 117.85 118.70 117.00 125.00 113.75 1069.19 139.30 51.45 - -
V-Guard [1] 312.75 311.85 314.00 318.30 311.00 254.29 335.35 237.50 68 311.30 LICNAMC-LICNFESGP 799.77 801.44 0.12 844.00 620.93 -
Quess Corp 534.95 537.55 535.00 542.85 523.70 812.96 580.00 337.45 28 537.75 VidhiSpclIng [1] 430.40 436.25 432.95 442.95 425.30 27.97 472.00 319.05 62 435.85 LICNAMC-LICNFNHGP 239.59 242.08 0.89 248.00 178.01 -
SPIC 94.00 94.95 94.20 95.50 91.50 1719.75 107.45 52.20 14 94.93 VijayaDianos 645.00 655.10 645.00 658.00 640.00 221.54 718.80 349.25 - -
QuickHealTec 483.05 546.95 478.15 552.80 475.10 946.16 552.00 127.35 - 546.15 SPL Ind 69.45 69.30 69.45 71.15 68.35 47.79 80.75 53.70 17 69.55 LICNAMC-LICNMFET 24.88 24.92 3.42 27.97 22.30 -
Vikas EcoTec [1] 4.50 4.75 4.55 4.90 4.4036030.76 5.63 2.38 - 4.77 Liquid BeEs [1000] 1000.00 999.99 2206.00 1004.70 995.35 1000.00
SportkingInd 861.25 839.30 861.25 868.95 835.00 14.29 948.15 638.75 - - Vimta Lab [2] 481.10 489.95 486.55 495.80 483.00 29.65 621.40 288.90 28 490.90
R ............................................... Sr.Leathrs 324.80 322.45 327.60 327.60 316.05 18.69 435.95 159.10 26 323.85 Vinati Org [1] 1712.40 1695.55 1712.05 1723.75 1691.10 14.59 2029.50 1578.50 50 1695.35
MIRAEAMC - ALPHAETF 23.21 23.15 128.50 23.90 16.56 -
R R KABEL 1440.90 1434.65 1455.00 1455.00 1428.25 39.34 1820.00 1136.80 - - Sr.Ray.HHP 553.20 550.85 555.15 562.00 539.75 19.64 815.00 375.00 7 548.90 MIRAEAMC - BANKETF 469.88 467.97 2.79 553.25 421.00 -
Vindh.Tel 2597.85 2606.85 2597.00 2645.00 2504.05 16.19 2899.00 1506.45 17 2616.10 MIRAEAMC - ITETF 37.99 38.11 13.55 40.00 30.40 -
R Sys Intl [1] 457.20 456.15 462.85 464.30 448.00 99.69 599.00 241.15 31 456.15 SRF 2398.95 2409.00 2408.95 2418.55 2367.10 203.28 2636.65 2050.00 47 2409.45 Vinyl Chm [1] 394.80 394.70 399.95 404.10 391.75 25.36 584.95 314.65 34 394.15
RaceEcoChain 370.60 365.40 378.90 378.90 362.10 15.65 408.65 226.10 - - Star Pap 246.85 249.15 247.20 252.00 241.60 38.14 288.00 143.30 6 249.70 MIRAEAMC -QUID 999.99 999.99 355.91 1000.84 999.00 -
VIP Ind [2] 543.20 548.45 547.00 553.60 541.60 434.29 722.70 513.25 - 548.30
Radiant Cash 89.10 89.05 89.15 90.00 87.85 392.27 114.30 87.10 - - StarCement [1] 205.85 207.55 207.45 210.00 201.65 330.35 219.45 104.15 39 207.30 VIPClothing [2] 43.15 42.70 43.50 43.80 42.35 250.42 59.76 37.53 - 42.78 MIRAEAMC - MAESGETF 36.65 37.00 9.54 37.93 27.46 -
Radico [2] 1660.75 1620.10 1661.00 1667.00 1614.15 121.24 1882.05 1069.60 92 1621.35 StarHealth 564.65 559.70 565.00 565.00 554.40 380.61 675.00 507.50 - - Virinchi 43.50 42.90 43.60 43.85 41.60 3193.44 47.05 28.25 - - MIRAEAMC - MAFANG 80.19 81.78 940.22 82.89 43.02 -
RadikaJwlTec 70.25 70.75 70.65 71.20 66.80 748.84 196.90 31.00 - - STC India 165.25 167.85 166.50 169.50 162.10 187.19 201.50 62.05 24 167.80 Visak.Ind [2] 133.30 133.45 133.90 134.95 129.40 324.47 178.00 64.88 - 133.45 MIRAEAMC - MAFSETF 21.01 21.03 654.96 22.45 17.35 -
RagegainTrvl 800.50 805.20 801.95 819.90 775.00 815.40 921.70 313.30 - - Steel Strp [1] 248.35 258.20 250.90 259.25 249.35 321.34 298.90 139.00 20 258.40 VishnChemi [2] 306.55 306.15 306.55 308.80 303.05 57.56 385.30 245.05 19 306.10 MIRAEAMC - MAGOLDETF 62.36 61.82 991.94 69.80 47.60 -
RailTelCorp 375.80 380.35 378.80 383.00 369.00 2465.89 459.20 96.25 - - Steelcast 645.05 667.55 645.00 674.00 640.00 24.36 747.00 437.95 - - VishnuPrakas 182.05 182.65 183.60 183.60 179.60 449.42 242.00 144.00 - - MIRAEAMC - MAGS813ETF 25.70 25.53 1.60 29.80 19.33 -
RailVikasNgm 260.35 261.35 261.90 263.30 253.5012248.38 345.50 56.05 - - SteelExIndia 15.85 15.90 16.05 16.05 15.20 5148.60 18.40 7.80 - - VishwarajSug 19.15 18.70 19.25 19.25 18.10 3424.60 22.30 13.10 - - MIRAEAMC - MAM150ETF 18.13 18.27 497.49 18.85 10.75 -
Rain Ind [2] 203.20 210.80 204.00 212.30 197.8516173.76 219.65 141.05 123 210.80 Stel Hld [1] 313.30 309.35 312.10 312.10 290.30 15.75 0.24 0.20 - - VLS Fin 297.75 297.05 297.95 302.85 291.75 149.11 322.00 140.75 4 296.55 MIRAEAMC - MAMFGETF 118.22 119.16 10.00 120.25 67.32 -
RainbowChild 1275.10 1279.10 1279.05 1290.00 1255.00 78.63 1342.45 697.00 - - Ster.Tool [2] 345.90 351.40 346.10 352.70 341.25 42.85 456.75 313.45 37 351.55 Voltamp 7278.55 7368.30 7299.90 7394.95 7131.00 11.69 8574.30 2571.05 26 7364.50 MIRAEAMC - MAN50ETF 233.74 235.26 31.06 238.00 176.06 -
Raj.Exp [1] 332.70 334.40 334.00 338.95 327.00 904.07 720.35 298.95 - 334.25 Sterlg&Wilsn 571.65 589.40 575.00 596.00 557.00 1275.79 647.00 253.00 - - Voltas [1] 1107.10 1098.45 1112.90 1112.90 1086.05 1186.28 1114.85 745.00 67 1098.05 MIRAEAMC - MANV30F 181.40 182.39 0.24 183.83 120.00 -
RajratanGlbl 671.75 658.15 671.75 677.95 653.45 46.41 919.90 605.10 - - SterliteTech 144.85 149.25 146.00 151.00 141.60 8068.56 179.05 128.55 - - VRL Logistic 587.40 580.40 589.90 597.15 575.00 104.56 798.40 531.30 40 581.45 MIRAEAMC - MANXT50 592.96 597.59 1.31 597.99 372.00 -
Rajsr.Sug 74.35 80.50 74.05 81.00 71.70 1067.99 101.95 32.99 12 80.59 StoveKraft 487.30 490.50 485.30 495.25 480.95 188.90 579.00 353.10 - - VST Ind 3623.45 3633.05 3600.00 3659.95 3570.05 4.02 4328.45 2915.00 20 3628.25
Str.Arcolab 830.10 807.25 822.40 834.75 800.10 308.89 838.10 268.40 85 807.10 MIRAEAMC - MASILVER 71.10 71.10 0.25 77.83 67.01 -
RajsrePolypk 265.35 276.70 270.70 283.00 263.30 362.20 284.75 139.00 - - VST Til 3265.70 3267.85 3270.00 3282.05 3198.70 7.92 4184.25 2097.15 22 3273.10
Rallis [1] 243.35 240.85 243.10 245.40 238.70 272.05 274.00 186.50 47 240.70 StylamIndust 1616.15 1578.30 1605.05 1625.00 1556.85 58.64 1970.70 945.00 - - MIRAEAMC - SENSEXETF 72.77 73.22 3.47 82.00 62.27 -
MIRAEAMC-MAHKTECH 12.57 12.78 830.49 16.38 11.65 -
Rama News
Rama Steel [1]
19.70
43.35
20.35
44.10
19.90
43.65
20.85
44.75
19.20 471.36
42.15 9418.12
24.38
50.50
10.30
26.10
-
-
20.40
44.15
StyrenPerfor
Subex
1500.95
38.70
1490.60
39.30
1500.30
38.90
1509.95
39.50
1470.10 13.22
37.70 9857.61
1650.00
45.80
696.10
25.00
-
-
-
-
W............................................... MIRAEAMC-MASPTOP50 37.12 37.93 286.18 39.00 26.10 -
RamaPhosphat 193.95 193.95 194.90 196.80 191.05 11.18 270.00 169.80 - - Subros [2] 597.80 608.90 597.00 615.00 596.85 80.86 732.65 272.00 46 605.60 WE WIN 81.55 79.95 86.00 88.70 74.35 302.55 99.00 57.85 - - MOTIAMC-MOHEALTH 35.89 36.23 19.33 37.50 21.11 -
Ramco Cem [1] 869.05 869.60 876.00 876.10 861.75 232.07 1057.85 701.45 48 869.75 Sud.Chem [2] 581.50 597.95 594.55 599.50 580.00 223.70 610.70 361.05 54 598.15 Webel SL 422.75 418.05 429.90 436.85 408.50 276.08 485.20 62.30 56 418.20 MOTIAMC-MOLOWVOL 35.05 35.19 43.78 35.98 23.23 -
Ramco Ind [1] 231.75 232.05 232.95 234.10 225.55 108.83 272.00 117.50 24 232.00 SukjiStr&Che 478.25 479.50 480.60 482.70 473.50 15.99 597.90 360.30 - - Wels.Corp [5] 529.45 543.45 530.10 545.95 512.50 1083.56 625.00 177.85 27 543.85 MOTIAMC-MOMOMEN 60.24 61.07 61.39 62.17 35.53 -
Ramco Sys 301.90 304.05 301.95 305.95 299.00 43.88 356.65 188.50 - 304.35 SulaVineyard 554.90 562.15 565.00 571.55 552.55 3150.17 699.00 326.35 - - Welspun Ent. 315.55 325.10 315.55 327.95 315.50 545.39 382.70 117.35 14 325.20 MOTIAMC-MONQ50 58.25 58.31 17.07 59.38 51.36 -
Ramk.Forg [2] 757.80 738.80 765.40 765.40 731.15 333.03 814.95 244.75 44 738.35 Sumit.Sec 1282.05 1278.90 1294.85 1299.70 1252.20 4.79 1507.00 517.90 46 1279.50 WelspunLivng 154.00 155.05 154.45 156.10 150.45 1375.43 171.25 62.00 - - MOTILALAMC - G5 54.55 54.49 94.60 56.00 48.85 -
Ramky Inf 653.95 639.30 656.95 659.95 635.00 134.67 1008.90 254.00 14 640.50 SumitomoChem 375.20 376.00 378.00 378.25 372.20 78.12 482.00 370.00 - - West C Pap [2] 647.50 659.05 648.00 662.00 637.90 101.68 815.00 465.30 8 659.00
MOTILALAMC MONIFTY500 20.17 20.22 146.12 24.08 16.30 -
RamRatnaWire 290.65 293.75 290.95 295.00 286.30 17.60 345.45 149.95 - - Sun Pharma [1] 1543.40 1558.05 1549.60 1561.00 1535.00 1981.68 1561.00 922.55 91 1557.75 WestlifeDevp 822.75 812.85 829.00 830.80 805.25 57.10 1024.95 639.30 - -
Wheels Ind 603.25 599.25 600.05 606.30 593.95 43.60 853.95 434.00 26 601.15 MOTILALAMC-MOQUALITY 172.09 174.39 61.68 195.00 112.96 -
Rana Sug 26.20 25.40 26.50 26.50 25.20 2499.09 30.29 19.40 8 25.44 Sun TV [5] 610.50 624.65 610.00 627.10 606.25 931.85 734.90 394.00 13 624.45 MOTILALAMC-MOVALUE 93.65 93.95 122.96 100.50 46.33 -
Rane (M) 778.15 785.85 787.00 791.75 780.00 6.60 989.95 386.70 7 786.70 Sund.Brak 752.10 759.10 756.20 780.00 746.00 12.60 787.50 271.40 26 754.00 Whirlpool 1258.80 1266.65 1258.80 1270.00 1228.00 798.66 1733.00 1228.10 102 1266.40
Win.Diamond[2] 88.60 90.60 89.95 94.80 86.45 881.43 104.85 34.65 51 90.10 MOTIOSMIDCAP100ETF 51.94 52.31 134.20 53.39 30.89 -
Rane Brk 798.05 791.95 800.00 817.40 789.50 17.58 944.60 585.00 17 790.30 Sund.Fast [1] 1111.00 1109.05 1115.00 1117.75 1101.00 31.51 1334.15 951.50 50 1109.65 MOTIOSNASDAQ100ETF 141.84 144.01 357.38 146.68 94.30 -
Rane Eng 356.00 364.00 356.10 367.40 348.30 9.27 505.65 196.00 19 366.75 Sund.Fin 4159.80 4172.90 4185.90 4200.00 4134.65 298.49 4225.25 2190.40 37 4173.45 WindlsBiotec 518.80 546.70 521.40 558.00 515.05 475.43 558.00 220.55 - -
Wipro [2] 521.40 531.05 522.80 533.00 521.45 7298.24 546.10 351.85 31 531.25 MOTIOSWALM50ETF 224.34 225.44 2.59 241.99 169.14 -
Rane Hld 1116.25 1139.25 1121.00 1147.90 1110.00 9.02 1378.10 792.00 23 1141.65 Sund.Multi [1] 3.10 3.55 3.15 3.60 2.9539688.20 3.70 1.97 - 3.53 NAVIAMC - NAVINIFTY 223.39 222.58 0.47 230.00 189.00 -
RASHIPERIPHE 349.65 343.85 351.00 353.70 342.10 737.80 357.35 318.00 - - SundaramClay 1511.45 1514.95 1524.25 1544.00 1495.60 2.27 1783.75 1439.80 - - Wockhardt [5] 562.90 567.15 564.00 577.15 545.20 1286.39 589.70 145.35 - 566.40
WonderElectr 341.25 337.65 346.00 346.30 328.00 2.21 465.00 248.10 - - NiftyBeEs [1] 243.87 245.79 2973.12 256.30 184.55 245.83
RatanindiaEn 81.40 84.50 81.55 85.15 79.50 6236.76 94.85 32.15 - - SundarFinHol 203.55 219.35 204.00 221.90 203.85 987.27 221.90 74.00 - -
Ratnamani [2] 3053.65 3076.70 3068.90 3100.00 3020.00 20.02 3923.95 1916.00 34 3072.45 Sunflag 209.25 210.30 210.60 212.80 207.35 145.72 248.95 128.00 27 210.45 WonderlaHoli 941.85 952.90 953.50 962.95 921.05 42.55 1012.95 380.50 32 954.70 NiftyJrBeEs [1] 621.19 627.92 69.00 628.99 390.90 627.68
RatnaverPrec 138.25 140.50 139.30 142.70 136.50 509.82 154.00 109.80 - - Sunteck [1] 492.50 483.85 497.00 499.00 480.20 595.40 511.65 271.25 - 484.80 WorthPeriprl 111.85 117.55 114.50 118.90 111.95 67.89 136.95 84.20 - - NIPINDETFCONSUMP 108.41 109.31 32.07 109.60 76.53 -
Raymond 1873.70 1870.85 1885.00 1943.90 1845.05 1154.77 2240.00 1092.60 21 1874.40 Superhouse 219.85 222.65 221.10 225.95 219.45 16.26 286.05 194.20 22 222.50 WS Ind 158.55 157.40 159.00 161.40 156.00 139.53 193.75 17.65 26 157.65 NIPINDETFDIVOPP 73.32 74.11 51.70 76.70 46.69 -
RBL Bank 258.45 266.55 259.10 267.70 256.0512887.20 300.50 131.60 15 266.45 Supr.Ind [2] 3958.20 3830.95 3957.00 4001.00 3629.05 232.31 4883.75 2430.50 48 3827.75 NIPINDETFETFNV20 141.79 141.90 17.60 143.50 99.35 -
RBZJewellers 171.10 168.30 172.00 172.00 165.85 109.95 255.35 96.00 - - Suprajit [1] 390.25 397.50 391.90 399.50 386.85 153.27 446.75 322.60 27 397.10 X-Z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIPINDETFIT 39.67 40.34 4080.25 41.45 27.56 -
RCF 150.70 148.65 151.60 151.60 146.55 2263.43 190.00 89.50 40 148.65 SupremePetro 726.55 726.25 726.60 746.90 722.00 142.09 758.50 351.00 - - Xchang 169.80 171.60 171.30 172.00 166.00 1797.10 176.90 51.67 23 171.45 NIPINDETFLONGTEGILT 25.31 25.29 1027.61 25.50 22.75 -
RECL 454.00 461.55 455.00 463.65 441.35 9483.46 524.00 110.75 9 461.25 SupryaLifeSc 350.05 361.25 350.95 366.15 345.05 468.93 394.00 170.15 - - Xpro India 1177.70 1181.00 1189.50 1189.50 1150.20 16.47 1273.95 529.30 68 1176.95 NIPINDETFMIDCAP150 184.16 185.43 237.31 192.20 112.00 -
Redington [2] 204.75 205.15 205.90 206.95 200.35 1065.48 219.90 136.25 15 205.20 SurajEstDevp 346.50 347.45 350.00 354.50 345.10 213.75 367.00 318.10 - - YashoIndust 1734.40 1788.20 1750.00 1835.95 1721.10 22.47 1864.80 1556.00 - - NIPINDETFNIFTY100 236.15 236.79 24.33 241.65 171.00 -
Redtape 612.15 610.70 610.00 619.15 598.05 223.61 672.45 411.05 - - SuratwalaBus 764.55 754.00 762.00 769.60 747.00 13.03 825.00 164.90 - - YatharthHosp 464.60 461.70 465.00 470.10 456.00 253.92 496.00 306.10 - - NIPPONAMC-NETFAUTO 205.84 208.69 57.43 213.15 120.20 -
Refex Ref 602.25 611.10 604.95 613.00 601.00 54.54 923.95 221.30 12 610.50 Surya Rosh [5] 623.00 623.45 623.40 628.95 615.00 89.83 841.50 301.40 18 623.35 YATRA ONLINE 172.85 171.55 172.85 173.75 168.70 171.76 194.00 124.55 - - NIPPONAMC-NETFPHA 19.26 19.28 2026.97 20.80 11.56 -
Rel.Ind.Inf 1417.20 1443.75 1426.00 1455.55 1392.35 554.31 1604.00 723.00 203 1443.40 SuryodaySFB 182.70 192.45 184.20 194.50 177.20 2524.64 194.55 90.50 - - Yes Bk [2] 25.55 27.15 25.80 27.35 24.95 667905.54 32.81 14.10 - 27.16 NIPPONAMC-NETFSIL 69.67 69.66 960.93 76.27 60.79 -
Rel.Infra 233.00 229.45 234.00 234.00 225.95 2215.60 251.40 114.60 - 229.65 Sutlej Te [1] 68.60 68.65 68.85 69.90 67.60 381.09 73.40 38.25 - 68.71 YukenIndia 719.05 738.50 722.60 745.90 710.15 23.14 822.10 462.10 - - NIPPONIND-NIMFXX 119.25 119.32 2.70 121.05 110.95 -
Relaxo [1] 841.05 843.00 845.00 851.00 838.40 48.56 974.00 748.50 104 841.55 SuvenPharma 668.40 665.00 671.70 675.00 662.00 147.97 768.00 463.30 - - ZAGGLE PREPA 282.70 291.90 286.00 301.90 281.65 3832.37 301.90 155.30 - - PSU Bk BeEs [1] 79.05 79.31 1882.35 80.70 39.12 79.30
Reliance 2935.40 2963.50 2936.30 2969.90 2916.00 9246.86 2977.00 1979.13 45 2963.35 Swan Ener [1] 710.90 722.20 711.00 725.40 701.40 2783.83 764.00 193.00 - 721.45 Zee Ent [1] 164.60 168.15 165.80 169.90 163.4029874.67 299.50 152.50 44 168.10
Qgold [2] 52.40 52.47 24.25 53.53 41.10 52.49
Religare 234.50 234.60 235.50 237.60 233.55 906.70 280.30 130.00 - 234.75 Swaraj Eng 2350.45 2323.75 2340.00 2352.45 2305.00 6.92 2643.00 1395.65 20 2331.30 Zee Med [1] 14.70 15.00 14.85 15.10 14.3016164.71 18.30 7.63 - 14.98
Zen Exp 177.40 179.55 179.75 192.00 175.00 19.63 202.50 76.20 48 180.00 Qnifty 2350.87 2380.03 0.58 2548.00 1781.10 2374.00
RenaisncGlob 133.65 136.80 137.00 146.35 134.50 5122.08 146.35 80.40 - - Swle. Ener 1116.45 1093.60 1130.55 1131.95 1042.35 105.42 1160.00 262.90 46 1091.60 RELCAPAMC-NETFGILT5Y 54.89 54.89 186.45 56.15 49.55 -
Repco Home 463.30 460.85 466.30 467.40 455.60 83.13 492.00 168.50 8 461.30 Symphony [2] 920.00 916.70 923.00 925.10 912.05 27.88 1218.95 825.25 42 916.00 Zen Tech. [1] 806.45 805.50 818.40 829.95 802.80 205.19 912.55 230.45 60 805.40
ZenithSteel 9.60 9.15 10.05 10.05 9.15 2217.44 10.05 3.20 - - RELCAPAMC-NETFSDL26 118.70 118.70 12.27 122.10 107.20 -
Repro 843.70 878.65 847.00 894.80 823.10 55.26 977.00 338.00 151 877.35 SynergGreen 343.45 337.25 340.00 344.75 321.05 19.61 435.00 182.00 - -
Resp.Ind [1] 307.55 301.25 310.00 311.70 299.60 99.08 364.80 104.95 - 301.05 Syngene Int 747.90 748.15 749.25 751.50 738.70 310.02 860.20 563.55 63 748.50 ZensarTec [2] 528.20 529.35 531.85 537.00 527.55 578.32 643.95 258.85 23 530.05 SBIAMC -QUIDSBI 1000.01 1000.01 16.53 1000.01 995.00 -
RestBrndAsia 110.10 108.70 110.65 111.50 108.25 1598.15 137.70 84.50 - - SyrmaSgsTech 517.30 510.30 517.30 524.00 506.30 384.35 705.20 250.60 - - ZFComVeCtrSy 14431.6014299.8514538.3014549.1014162.00 4.8617700.00 9860.00 - - SBIAMC - SBIETFQLTY 197.75 200.40 1.38 203.15 142.85 -
RHIMagnesInd 610.35 605.70 614.80 616.45 603.00 120.85 824.00 576.00 - - ZimLabs 113.10 112.20 113.10 114.90 110.00 133.47 152.70 68.05 - - SBIAMC - SETF10GILT 226.69 226.88 61.25 230.39 206.50 -
Rico Auto [1] 93.20 92.70 94.30 94.45 91.60 816.32 111.55 63.00 32 92.65 T ............................................... Zod.Clo
Zomato
127.75 127.35 127.30 129.00 125.65 14.35 150.60
158.65 162.10 159.55 163.00 156.6067614.85 167.80
80.00
49.00
-
-
126.70
-
SBIAMC-SBIETFCON
SBIAMC-SBIETFIT
100.16
395.99
101.35
402.88
1.50
5.47
110.00
407.67
70.45
276.25
-
-
RishabInstru 528.95 525.40 531.60 532.05 520.65 32.26 635.40 432.35 - - Taj GVK [2] 398.40 389.15 396.85 399.00 373.40 871.24 413.90 172.00 39 389.20
RitcoLogistc 252.65 249.80 252.65 257.85 248.05 76.52 309.45 218.00 - - ZotaHealthCr 498.50 495.00 510.00 510.00 490.05 19.40 532.90 270.00 - - SBIAMC-SBIETFPB 236.54 236.04 7.65 256.05 197.00 -
Take Sol [1] 28.15 29.35 28.15 30.10 27.80 784.75 35.78 12.70 - 29.38
Rites 731.95 745.85 734.70 752.00 718.00 1764.28 821.30 311.60 38 746.25 Zuari Ag 229.20 222.40 230.50 230.70 220.25 373.44 259.75 116.15 7 222.45 SBI-ETF Gold 54.27 54.23 378.51 56.70 48.21 -
Tanla Sol [1] 991.45 998.15 990.00 1005.00 985.00 192.91 1317.70 506.10 152 1001.65
RKECProjects 108.90 111.60 109.90 115.85 109.10 285.70 120.50 48.50 - - ZuariIndus 322.40 312.65 327.00 327.00 308.75 642.67 327.00 104.00 - - SBI-ETF NIFTY 50 230.36 232.38 196.22 238.60 174.41 -
Tarmat 91.55 109.85 103.05 109.85 99.90 4882.53 111.00 58.00 - 110.34
RolexRings 2168.00 2181.95 2170.00 2200.45 2142.60 6.41 2620.00 1806.30 - - ZydusLifescn 893.80 904.30 896.00 907.50 889.00 940.03 912.80 452.20 - - SBI-ETF NIFTY BANK 474.36 473.43 231.77 493.30 388.50 -
TarsonsProd 490.35 489.10 492.80 495.05 483.55 115.78 646.40 444.15 - -
RosariBiotec 767.00 772.10 771.00 777.15 756.65 43.99 903.85 536.35 - - ZydusWel 1595.45 1590.50 1595.45 1603.45 1586.15 10.61 1720.65 1390.05 184 1590.35 SBI-ETFNN50 615.98 619.19 7.49 622.73 385.13 -
Tata Chem 977.50 980.55 978.50 983.65 969.05 415.92 1140.95 922.20 31 980.60
Rossell [2] 453.05 455.50 467.00 474.85 452.10 43.65 549.85 222.00 129 456.85 Tata Com 1795.30 1822.00 1800.45 1835.00 1763.65 455.47 1956.85 1157.10 91 1819.25 Sharia BeEs 510.97 517.26 6.09 533.23 360.01 517.14
RotoPumps 400.60 394.65 401.35 404.70 393.60 89.96 817.00 313.40 - -
RouteMobile 1596.15 1606.70 1591.00 1610.65 1591.00 147.59 1759.90 1209.00 - -
Tata Elxsi
Tata Inv
7746.20
6474.70
7791.05
6977.50
7806.00
6500.00
7807.00
7111.15
7746.75 83.69
6352.05 897.54
9191.10
7115.00
5883.05 61 7787.30
1735.00 126 6973.35
Exchange Traded Funds TATAAML - NPBET
TATAAML-NETF
239.62
234.11
238.53
234.51
0.45
1.20
267.00
250.00
199.54
171.80
-
-
Royal Orchd 420.90 423.15 423.85 429.15 409.80 268.48 448.10 219.00 44 422.95 Tata M DVR [2] 610.65 615.95 610.00 617.40 604.45 734.01 636.50 202.05 - 616.00 TATAAML-TATAGOLD 6.20 6.20 604.91 8.50 6.00 -
RPG Life [8] 1629.90 1661.45 1638.05 1676.50 1629.05 20.82 1740.00 645.70 32 1660.40 Tata Motors [2] 921.05 932.30 924.65 933.85 914.60 6437.01 949.60 400.40 52 932.10 Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl TATAAML-TATSILV 7.06 7.08 251.55 9.17 6.80 -
RPSGVentures 693.20 683.20 690.55 697.95 679.15 45.06 847.00 360.10 - - Tata Steel [1] 143.90 145.90 145.00 146.15 143.5046728.18 147.35 101.65 10 145.85 TATAAML-TNIDETF 78.71 79.56 20.15 80.91 50.60 -
RSWM 205.65 204.95 205.15 209.70 202.00 73.41 242.75 144.00 - 204.15 TATA TECHNO 1154.40 1156.75 1159.95 1165.05 1142.20 552.41 1400.00 1071.05 - - Axis Gold [1] 52.92 52.98 20.63 53.89 46.93 52.90
Ruby Mills [5] 227.50 226.55 229.80 229.80 224.75 10.95 269.55 137.00 19 226.20 UTI Gold [1] 52.80 52.90 49.25 53.99 47.01 52.91
TataConsuPro 1160.75 1159.50 1161.00 1164.75 1142.45 1689.40 1190.95 686.60 - - AXISAMC - AXISBNKETF 476.37 475.56 1.27 495.98 389.79 - UTIAMC - NIF10GETF 26.52 27.07 0.16 27.19 21.60 -
Ruch.Paper 134.55 135.75 136.05 138.80 133.30 149.49 163.90 91.10 7 136.15 TataPowerC [1] 375.45 377.90 377.05 379.70 369.25 8449.17 412.75 182.45 79 378.00 AXISAMC - AXISBPSETF 11.52 11.53 120.43 13.30 9.71 -
RudrabhshEnt 197.70 223.70 197.70 229.00 195.60 377.04 235.70 131.70 - - UTIAMC - NIF5GETF 66.00 66.00 0.05 66.14 54.50 -
TatvaChinPha 1273.20 1260.90 1290.00 1290.00 1254.00 20.53 2005.45 1215.00 - - AXISAMC - AXISHCETF 122.11 122.58 1.95 123.98 74.05 - UTIAMC - NIFITETF 374.61 380.48 0.35 432.00 364.04 -
Rupa [1] 282.55 284.75 282.55 285.80 280.00 171.52 308.20 197.00 36 284.75 TCI Express [2] 1202.60 1207.20 1217.75 1217.75 1198.00 91.96 1699.00 1198.10 33 1206.35 AXISAMC - AXISILVER 72.31 72.18 7.50 79.48 62.81 -
Rush.Decor 335.95 361.35 336.50 365.00 331.75 409.52 406.70 202.47 20 361.25 UTIAMC - NIFMID150 179.78 180.76 0.20 210.00 141.57 -
TCNSClothing 380.50 381.80 384.30 385.80 376.40 119.42 542.00 341.15 - - AXISAMC - AXISTECETF 393.43 400.39 2.91 405.27 274.64 -
TCPLPackage 2207.60 2197.80 2228.00 2237.95 2190.00 1.72 2430.00 1248.95 - - UTIAMC - SILVERETF 70.58 70.70 10.45 89.37 66.60 -
AXISAMC - AXSENSEX 73.37 73.77 4.93 85.00 57.20 -
S ............................................... TCS [1] 3991.50 4087.10 3971.00 4094.95 3971.00 2982.05 4184.55 3070.30 35 4086.45 AXISAMC-AXISCETF 100.62 101.47 1.02 102.60 70.96 - UTIAMC - UTIBANKETF 47.76 47.68 228.04 49.70 39.03 -
S H Kelkar 201.85 203.65 203.30 205.95 196.55 602.61 226.35 81.90 30 203.60 TD Power [2] 272.05 268.00 272.00 274.60 265.30 209.67 313.20 130.50 35 267.95 AXISAMC-AXISNIFTY 236.70 238.62 11.54 248.10 179.30 - UTIAMC - UTINIFT 237.40 239.05 4.43 2168.80 202.55 -
SadanaNitrCh 79.00 78.15 79.40 80.50 77.45 284.49 148.40 67.80 - - TeamleaseSvc 3179.95 3130.10 3167.05 3207.00 3082.35 35.48 3600.00 2012.00 51 3134.50 Bank BeEs [1] 478.50 478.35 761.31 491.80 369.19 478.44 UTIAMC - UTISENS 783.94 786.07 0.45 811.00 568.90 -
Sadbhav [1] 28.35 29.10 28.70 29.75 27.55 2708.98 32.01 8.52 - 29.04 TechMahind [5] 1296.60 1328.10 1307.00 1330.50 1299.35 2201.42 1416.00 982.95 57 1327.30 BARODABNP -BBNPPGOLD 61.90 61.70 0.06 65.50 56.00 - UTIAMC - UTISXN50 73.66 73.64 0.44 84.00 40.36 -
SafariIndia 2035.05 2002.00 2035.05 2047.40 1988.05 23.99 4630.00 1831.50 - - Technocr 2075.45 2058.15 2069.00 2105.40 2012.00 16.77 2749.80 1000.00 27 2059.45 BFAM - BANKBETF 46.91 46.96 5.22 50.70 44.66 - UTIAMC-UTINEXT50 61.97 62.30 54.90 62.78 38.44 -
Sagar Cem [2] 245.20 243.25 246.90 250.10 239.90 145.61 304.65 179.70 - 243.30 TechnoEle&En 775.85 764.65 780.05 781.55 755.55 242.81 860.00 312.50 - - BFAM - NIFTYBETF 220.03 221.54 1.65 257.14 215.04 - ZERODHAAMC-LIQUID-
SahPolymers 110.30 111.30 108.05 118.00 103.35 136.34 134.30 67.25 - - TegaIndust 1280.00 1278.90 1284.50 1314.00 1262.55 47.62 1380.00 604.20 - - Birla Gold 55.66 55.66 7.54 57.80 49.44 55.45 CASE 100.71 100.73 581.29 103.75 100.21 -
SahyadriInd 410.85 405.10 412.90 413.80 395.45 9.28 484.10 322.25 - - TejasNetwork 750.50 750.90 755.00 760.00 744.55 240.07 940.00 545.50 - - Birla Nifty [100] 25.12 25.29 835.21 5991.00 5015.00 5700.00
SAI SILKS (KALA 230.45 237.25 232.40 238.00 232.00 256.97 312.00 221.85 - - TemboGlblInd 281.35 275.60 280.10 284.00 270.05 72.94 332.65 150.25 - - BIRLASLAMC ABSLBANETF 47.31 47.16 174.11 49.95 38.70 - *: Closing price is the average of trade price(s) for the last half an hour;52-Week High/Low figures
SAIL 130.20 129.30 131.50 132.20 125.6559343.47 150.00 80.50 18 129.15 Tex.Infra [1] 108.05 109.65 108.85 111.00 106.25 476.58 134.80 47.10 - 109.65 BIRLASLAMC - ABSLLIQUID 1000.00 1000.00 1.28 1002.00 999.01 - pertain to BSE.
SakarHealth 388.40 386.65 390.30 396.90 383.00 21.76 479.00 191.30 - - Tex.Pipe 97.80 95.70 98.00 98.30 93.10 249.22 108.00 41.00 16 95.55 BIRLASLAMC - SILVER 72.21 72.23 39.35 78.99 57.81 - Shares of face value other than ₹10 is indicated in brackets immediately following the name of the
Saksoft [1] 270.55 275.00 270.55 281.80 268.80 133.69 399.40 138.30 89 275.20 Tex.Rail [1] 182.45 190.65 183.90 191.50 178.15 2087.15 231.90 40.49 88 190.80 BIRLASLAMC-ABSLNN50ET 60.29 60.78 5.12 61.91 37.52 - company.
Sakth.Sug 38.80 38.95 38.75 39.25 36.65 1008.01 46.69 18.07 - 39.01 Thanga.Jwl 1326.45 1323.45 1326.45 1345.00 1318.60 10.92 1544.95 472.50 29 1322.35 BIRLASLAMC-BSLSENETFG 71.02 71.80 0.97 77.00 55.05 - Qty (No of shares traded) is denoted in thousands.
Sakuma [1] 26.75 27.10 27.00 27.90 26.20 2303.48 30.74 9.47 - 27.17 TheAnupEngg 2822.00 2798.80 2842.00 2880.00 2746.00 8.22 3176.50 950.05 - - BIRLASLAMC-HEALTHY 12.33 12.36 128.76 12.80 6.55 -
SalasarTech [1] 23.50 24.35 23.50 24.45 22.3521513.57 34.08 7.20 - 24.35 ThejoEngg 2067.95 2123.85 2069.05 2150.00 2009.65 17.73 2299.00 1126.10 - - BIRLASLAMC-MOMENTUM 30.06 30.48 43.79 32.61 17.33 - The PE(price-earnings multiple) of each stock is based on the latest declared earnings.
Salzer Elec 571.85 609.30 589.95 619.00 553.95 1132.36 620.00 236.00 26 609.95 Themis [1] 241.05 236.50 243.85 243.85 235.00 77.05 253.90 109.00 79 236.85 BIRLASLAMC-NIFTYQLITY 18.91 19.13 38.37 20.50 13.41 - The PE computation takes into account the per share earnings of each company for the latest 12
Sambhaav [1] 5.35 5.55 5.45 5.60 5.10 720.74 6.10 2.22 - 5.48 TheNewIndA [5] 279.70 282.40 284.75 289.00 270.60 6037.50 324.00 94.15 50 282.45 BIRLASLAMC-TECH 38.83 39.45 6.95 40.40 26.63 - 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] 714.95 707.15 Bflafl 21.57 22.03 Eastwest [2] 8.25 8.14 Haldyn Glass [1] 169.20 168.65 Jsfb 463.10 456.20 Maxestates 270.80 263.05 Parleind 8.54 8.52 Sapphire 1451.65 1454.50 w m m A
A.Sarabhai 59.17 60.10 Bh.Immun&Bio 32.86 33.40 Efcil [2] 444.40 437.55 Hampton [1] 42.82 43.46 Jswinfra [2] 232.80 243.55 Maxhealth 851.25 857.70 Pas.Acrylon 47.85 46.54 Satia [1] 129.90 129.75 w G m m w
Aartech 181.80 172.75 Bharatagri [1] 111.39 128.07 Eki 394.00 386.55 Happstmnds [2] 825.75 822.35 Jtlind [2] 255.25 256.00 Maximus [1] 24.61 24.43 Paytm [1] 395.25 388.20 Sauras.Cem. 114.39 118.39 m G m
Aartipharm [5] 529.05 525.95 Bhatia [1] 30.52 32.03 Elixir 84.25 90.66 Hardwyn [1] 44.64 45.11 Jublingrea [1] 484.20 472.35 Mazdock 2080.60 2059.60 Perm Magnets 1016.55 1033.15 Sawaca Busi [1] 1.32 1.30 A G m m
Abslamc [5] 495.20 495.95 Bikaji [1] 532.15 529.90 Emil 205.90 204.60 Hariompipe 535.85 524.75 Jyoti Ltd. 52.15 54.73 Medanta [2] 1426.20 1488.15 Piccadily Ag 367.85 360.95 Sbc [1] 23.85 24.08 m
Aci [2] 758.80 748.70 Biogen [1] 1.10 1.08 Empower [1] 3.03 3.09 Harsha 419.35 430.20 Jyoti Resins 1390.40 1392.40 Mediassist [5] 511.30 512.10 Pigl 79.11 78.94 Sbfc 89.31 88.93 m U
Aci Infocom [1] 1.79 1.87 Birla Pretec [2] 68.80 72.23 Emslimited 506.95 514.65 Haz Mul Pro 412.75 432.90 Jyoticnc [2] 647.45 626.50 Medplus [2] 699.90 687.55 Pmcfin [1] 2.99 2.99 Sbicard 739.55 740.55 G G V
Advait 1507.80 1506.30 Bisil Plast [1] 2.47 2.41 Emudhra [5] 569.15 574.70 Hdfcsml250[91] 150.76 151.29 Kacl [1] 13.42 14.99 Mega Corpn. [1] 3.40 3.57 Policybzr [2] 977.20 1023.10 Scpl 451.05 426.00 V
Advance Tec[1] 1.38 1.40 Bl.Chip Tex 183.55 193.50 Entero 1164.60 1158.85 Hemiprop 214.90 219.10 Kalamandir [2] 231.50 236.95 Megastar 355.15 349.05 Polycab 4722.05 4717.10 Sctl [2] 1.21 1.19 A M W
Advikca [1] 3.49 3.47 Blal 275.20 275.80 Epack 190.35 189.10 Hfil 26.30 26.35 Kalyancap [2] 22.04 22.06 MenonPiston[1] 104.85 104.95 Pooja 45.07 47.25 Seacoast [1] 5.69 5.58 m
Aeroflex [2] 148.50 147.95 Bls Infote [1] 4.89 5.11 Epigral 1219.15 1250.40 Hind.Foods [2] 523.95 521.65 Kalyankjil 375.90 383.60 Mercuryev [1] 86.56 84.03 Ppl 425.70 438.95 Securcred 19.90 20.87
Agol [1] 13.23 13.33 Blse 387.05 391.15 Equitasbnk 102.55 104.05 Hindu.Adhesi 472.90 494.45 Kamopaints [5] 194.00 199.25 Metrobrand [5] 1118.60 1131.90 Pplpharma 134.90 134.55 Senco 793.60 806.65
Alstone [1]
Amrawor Agr[1]
0.89
1.07
0.85
1.12
Bmw [1]
Boroltd [1]
66.94
388.40
67.28
393.35
Esafsfb
Ethosltd
64.39
2508.10
64.78
2677.15
Hitech [1]
Hmaagro [1]
157.65
73.33
156.50
71.78
Kaynes
Kclinfra [2]
2810.40
2.06
2867.50
2.08
Mfl India [1]
Midcapetf [5]
0.85
18.14
0.89
18.24
Praveg 894.50
Pressure Sen [1] 10.45
935.65
10.76
Sgfin
Sha Eng Pla [2]
469.85
508.90
448.40
504.30
NSE Trade for Trade
Anandrathi [5] 3678.95 3660.25 Bslnifty [1] 25.18 25.28 Ett Ltd 20.43 21.81 Homefirst [2] 910.30 948.00 Kcp Sugar In [1] 41.79 41.17 Minal Ind [2] 5.59 5.32 Primo [2] 41.58 40.74 Shetron Ltd 128.10 142.45 C m P C C C m P C C C m P C C
Andhra Petro 85.85 87.55 Btml 189.50 181.25 Eurekaforbe 510.05 491.95 Honasa 431.90 433.10 Kennametal 2382.65 2310.80 Mishtann [1] 22.20 22.16 Princepipe 590.25 585.70 Shilchar Tec 4030.05 3940.60 m
Campus [5] 252.05 252.45 Evexia [1] 2.47 2.43 Hpal [2] 111.90 111.20 Kenvi [1] 6.97 6.74 Mol [1] 88.66 92.75 Prismx [1] 1.56 1.55 ShivCement [2] 53.45 53.14 m M w& M
Andrew Yule [2] 48.08 47.11 H w
Angelone 3086.00 3063.75 Cams 2989.00 2999.30 Exxaro 115.15 114.20 Ideaforge 725.00 728.80 Kfintech 650.15 657.55 Monarch 636.75 619.70 Protean 1210.55 1201.30 Shreeganes [1] 1.43 1.44
Capitalsfb 430.05 422.95 Facor Alloys [1] 9.33 9.35 Iiflsec [2] 157.60 154.30 Khaitan Che[1] 76.00 85.78 Moneyboxx 267.00 259.30 Quadrant [1] 2.57 2.45 Shreesec [1] 0.42 0.40 Hm H m
Anmol 57.51 57.51 O & w
Anuh Pharma[5] 226.55 226.40 Cappipes [1] 18.72 18.73 Familycare 9.71 9.58 Ikio 294.85 290.80 Kingsinfra 200.20 194.15 Moschip [2] 94.55 98.20 Raclgear 1184.20 1192.00 Shrirampps 123.15 120.05
Carysil [2] 1041.95 1021.95 Faze Three L 442.80 431.30 Imcap 728.15 785.25 Kirl.Ferrous [5] 593.75 589.55 Motisons 188.80 186.10 Radhe Devlo[1] 3.71 3.68 Shyammetl 642.95 645.75 w M
Anupam [1] 2.65 2.63 H M
Anuras 891.05 920.90 Ceinsystech 565.45 598.05 Fermenta [5] 193.95 201.75 Ind.Acrylics 15.93 15.42 Kirlosar Pn [2] 720.95 708.30 Msl 332.25 333.30 Radhikajwe [2] 70.20 70.82 Sigachi [1] 82.62 83.91
Cello [5] 823.80 800.30 Filat Fash [5] 16.94 16.83 Ind.Toners 317.25 319.85 Kirloskar El 122.10 122.95 Mstc 941.85 927.40 Radiantcms [1] 89.13 89.26 Signature [1] 1347.75 1347.00 U C m N W
Aptus [2] 350.50 347.95
Arcfin [1] 1.00 1.00 Chamanl Se [2] 256.45 249.80 Foods & Inns [1] 154.75 153.80 Indiamart 2717.85 2705.30 Kmc Shil [1] 94.78 97.27 Msumi [1] 70.09 71.11 Radiocity [2] 23.05 22.91 Sinclair Hot [2] 124.00 125.50 U
Charterlogis [1] 7.19 7.11 Force Motr 5749.20 5965.35 Indian Info. [1] 2.49 2.47 Kpel [5] 403.90 424.05 Mtartech 1900.55 2015.85 Railtel 376.65 380.10 Sindhu Trade[ U O M
Arihant Cap. [1] 70.40 70.40
Chemcrux 313.85 320.10 Fusion 544.40 541.15 Indiashltr [5] 630.90 640.90 Kpigreen 1637.90 1719.75 Mufin [1] 223.60 219.90 Rainbow 1276.10 1278.65 U m
Ashni [1] 8.15 8.06
Chemplasts [5] 475.20 467.25 G.V.Films [1] 0.89 0.93 Indigopnts 1492.55 1450.45 Kpittech 1565.45 1587.80 Mufti [2] 227.40 233.30 Rajnish [1] 9.99 9.93 U m N w H N
Askautoltd [2] 296.40 297.10
Choice Int. 286.30 289.30 Galactico [1] 4.78 4.84 Indoboraxc [1] 181.15 186.85 Kriti Nutri [1] 116.40 116.35 Multibase I 272.55 268.35 Rategain [1] 800.15 806.10 U m
Asm Technolo 876.90 842.35
Clean [1] 1465.20 1451.20 Gandhar [2] 256.10 264.65 Infronics Sy 85.40 77.04 Ksolves 1203.20 1203.60 Muthootmf 238.00 238.80 Ratnaveer 138.30 140.25 m U m
Asrl 29.02 29.13
Asso.Alcohol 468.15 507.25 Cmsinfo 369.65 367.70 Ganesh Benz[1] 188.10 193.15 Innovacap 522.75 523.30 Lancer [5] 93.93 96.57 Mvgjl 270.80 269.75 Rba 110.15 108.85 V W
Atl [2] 67.44 67.45 Cochin Min. 311.40 327.70 Gateway 107.15 106.00 Inoxindia [2] 1112.05 1156.50 Lancor Holds[2] 47.65 52.41 Nazara [4] 803.00 786.10 Redtape [2] 611.75 608.05 m V M
Avalon [2] 503.75 501.55 Com Fincap [2] 11.06 11.00 Gayatri Bio 5.71 5.94 Int.Conveyor [1] 92.37 93.08 Latentview [1] 501.65 508.70 Ncl Research [1] 0.84 0.88 Remlife [5] 670.05 646.95 V
Avantel Ltd [2] 109.75 113.45 Comfort Inte [1] 10.31 10.62 Gennex Lab [1] 20.04 20.06 Integra Eng [1] 259.85 257.75 Leshaind [1] 4.52 4.46 Netweb [2] 1498.20 1573.10 Resonance 99.95 113.55 m V m O N N
Avg 532.10 525.20 Cressanda So[1] 21.98 21.05 Genpharma [1] 3.97 4.03 IonExchange [1] 510.40 503.05 Lici 1039.05 1063.95 Nibe 1264.30 1327.50 Rir 921.20 907.20 V m M
Avl 3459.30 3509.05 Csl [2] 10.34 9.92 Gensol 1301.15 1265.70 Ipl [1] 404.10 397.90 Likhitha [5] 274.70 269.60 Niitmts [2] 539.90 533.65 Rishabh 529.05 526.00 V W M m m
Avonmore 110.10 113.70 Cyientdlm 766.70 797.80 Ggl 10.51 10.83 Ircon [2] 227.80 225.65 Link Pharma 45.98 49.38 Nirlon 464.35 455.65 Rishiroop 187.80 215.45 V M
Awhcl [5] 534.80 531.05 Datapattns [2] 2059.40 2238.60 Ggpl [5] 3.94 3.88 Irctc [2] 926.35 935.95 Lloyds Met E [1] 574.20 570.10 Novaagri [2] 64.28 62.99 Ritco 253.65 250.10 D C m V H M m
Awl [1] 360.85 360.30 Davangere 108.05 106.20 Ghcltextil [2] 91.60 91.38 Ireda 166.35 167.75 Lodha 1136.20 1138.25 Novartis [5] 1057.50 1013.50 Rossari [2] 765.65 771.95 M V G M
Axita [1] 24.46 24.18 Dcxindia [2] 318.20 322.20 Gland [1] 1950.25 1899.20 Irfc 154.25 152.10 Lords Chloro 139.80 129.40 Nslnisp 61.19 63.08 Roto Pumps [2] 401.65 394.50 V O N
Azad [2] 1157.70 1215.55 Ddevplastik [1] 206.55 203.80 Global Cap. [1] 1.02 1.02 Iris 141.00 135.80 Lxchem [2] 266.75 269.35 Nuvama 4292.75 4492.75 Route 1596.90 1606.30 V w N w
Bajaj Steel [5] 1174.05 1204.45 Deccangold [1] 122.80 120.80 Gmrp&Ui [5] 51.11 50.39 Irmenergy 543.95 546.15 Madhavipl [1] 11.75 11.52 Nuvoco 345.45 341.90 Rpel 654.70 637.00 V N O
Bajel [2] 219.90 223.05 Deep 106.47 108.46 Golden Lami[5] 1610.50 1582.70 Isec [5] 812.50 819.65 Madrasfert 99.45 98.95 Nykaa [1] 151.35 152.35 Rptech [5] 348.55 344.05 V N w O O
Baluforge 241.70 241.05 Delhivery [1] 471.90 463.50 Grauer& Weil[1] 163.30 187.10 Isgec [1] 829.20 860.75 Mafang [40] 80.26 82.02 Ok Play (I) 202.70 209.30 Rrkabel [5] 1440.95 1433.50 m m V M H O m
Barbeque [5] 611.80 607.10 Devyani [1] 167.15 164.80 Greencrest [1] 1.05 1.07 Jagan Lamps 127.12 124.46 Mafatlal Ind [2] 146.60 144.90 Orientelec [1] 204.15 207.05 Rubfila Int. [5] 79.39 79.77 W M HNO O
Basant Agro [1] 23.08 22.97 Dharmaj 240.85 244.80 Greenpanel [1] 362.50 363.00 Jasch Indust 249.55 273.15 Maha Corp [1] 1.44 1.37 Orirail [1] 270.35 276.70 Rudra [5] 38.80 38.70 W m M O H
Bclenterpr [1] 1.29 1.28 Diamines&Chm 510.55 551.50 Grinfra [5] 1185.45 1265.75 Jct Ltd [2] 4.17 4.04 Mahktech 12.60 12.78 Pakka 337.50 348.85 Rvnl 260.55 261.55 W & HO
Bclil [1] 79.36 78.42 Dodla 1022.30 1007.05 Growington [1] 13.47 13.30 Jetfreight [5] 14.71 14.76 Mangalam In[1] 5.59 5.56 Panafic [1] 1.65 1.68 Saint-Gobain 134.20 133.35 m W W
Bectorfood 1111.70 1110.05 Doms 1530.50 1523.25 Grwrhitech 2020.00 2068.20 Jiofin 289.95 303.05 Mankind [1] 2189.85 2187.45 Paradeep 77.45 76.73 Samhi [1] 196.70 214.30 W w O
Bestagro 600.50 601.10 Dreamfolks [2] 495.55 492.40 Gslsu 285.70 286.15 Jlhl 1466.50 1438.80 Manyavar [1] 983.10 990.40 Paras 728.20 744.45 Sanduma 418.25 411.80 W O N
Easemytrip [1] 48.31 47.32 Guj.Toolroom[1] 57.11 54.32 Johnpharma [1] 0.90 0.89 Mapmyindia [2] 1803.15 1823.40 Parkhotels [1] 212.95 226.55 Sansera [2] 1033.15 1013.20 w V W m W

CM
YK . . . . . . . . ND-NDE