MUMBAI

THURSDAY ­ SEPTEMBER 14, 2023

₹10 • Pages 14 • Volume 30 • Number 256
Regd. TN/ARD/14/09­11, RNI No. 55320/94
..............................................................................................................
Bengaluru ­ Chennai ­ Coimbatore ­ Hubballi ­ Hyderabad
Kochi ­ Kolkata ­ Madurai ­ Malappuram ­ Mangaluru
Mumbai ­ Noida ­ Thiruvananthapuram ­ Tiruchirapalli
Tirupati ­ Vijayawada ­ Visakhapatnam

CM
YK . . . . . . . . BM­BME
J2
MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023

CM
YK ... . . . . . . BM­BME

QUICKLY.
BACK­TRACKING
Six airbags in cars not
mandatory, says Gadkari
New Delhi: In a major relief to
the automobile industry, the
government said that six
airbags in passenger cars will
not be made mandatory.
“...everyone [car companies]
is doing it, and some of them
are making advertisements
and getting good share [in
sales], and those who don’t
want to do it, they are
pressing them [cars with six
airbags in sales]...,” said
Transport Minister Nitin
Gadkari. p12
SPECIAL SITTING
Session to discuss 75 yrs
of Parliament’s journey
New Delhi: Contrary to
speculations about the
upcoming special session of
Parliament, the House agenda
issued on Wednesday said it
was only to discuss
Parliament’s 75­year journey.
The Advocates(Amendment)
Bill, the Press and Registration
of Periodicals Bill, the Post
Office Bill and the Chief
Election Commissioner and
other Election Commissioners
(Appointment and Conditions
of Service and Term of
Office) Bill are to be
considered during the
session. Our Bureau
CM
YK
EU, India to start dialogue on
carbon tax concerns today
CBAM. Delhi to emphasise on equivalence clause to take credit for carbon tax it levies
Amiti Sen
New Delhi
The European Union and In­
dia are set to begin a series of
consultations on concerns
over the implementation of
the Carbon Border Adjust­
ment Mechanism (CBAM).
The CBAM transitional
phase starts in just two weeks
and the discussion process,
starting on Thursday through
a video meeting, is aimed at
reaching an understanding on
issues such as possible equi­
valence of carbon credit trad­
ing systems, verification pro­
cesses, compliances, and
application of the ‘common
but differentiated responsib­
ilities’ principles.
“One of the first discus­
sions that the EU is starting
with a trading partner on
CBAM is with India because
of its status as a trusted part­
ner, especially on account of
the ongoing free trade agree­
ment negotiations. It agrees
that CBAM has issues that
need to be sorted out through
discussions,” an official told
businessline.
The CBAM is a policy tool
used by the EU to put a “fair”
CARBON BURDEN
£ CBAM is EU’s policy tool to
put a ‘fair’ price on the
carbon emitted during the
production of certain items
that are imported into the
bloc
£ India’s iron & steel and
aluminium exporters may
face 20­35% additional
import levies in EU
price on the carbon emitted
during the production of cer­
tain carbon­intensive items
and imported into the bloc
from non­EU countries.
SECTORS TO BE HIT
This will be in the form of
higher import levies that will
kick in from January 2026. To
begin with, this levy will apply
on cement, iron and steel, alu­
minium, fertilisers, electricity
and hydrogen.
In India, the hardest hit
sectors could be iron and steel
and aluminium, which may
end up paying 20­35 per cent
additional import levies, per a
report by Delhi­based re­
search body Global Trade Re­
search Initiative. “There is
WORRISOME TREND.
A 57% above­target jump in sales of key Apple’s 2023 line­up. Here’s our
fertilizers in August, when monsoon was take on products and upgrades truly
36% deficient, puts Centre in a spot p10 worth getting excited about p4
nervousness among export­
ers of iron and steel and alu­
minium on CBAM. Delhi
wants to sync its own systems
with that of the EU so that by
2026 the Indian industry is in
a better position to meet the
CBAM requirements,” the of­
ficial said.
Commerce Department of­
ficials will participate in the
talks with the EU officials.
India wants to use CBAM’s
equivalence clause to get the
carbon taxes already embed­
ded in the country’s taxation
system recognised. “The EU’s
equivalence clause could
mean that if a country is
already charging its industry
some amount of carbon tax —
such as India’s taxes on petro­
leum and coal — then that can
be recognised while calculat­
ing the carbon tax on an ex­
porter from that country,” the
official said.
Also, with the Bureau of
Energy Efficiency, under the
Power Ministry, developing a
carbon credit trading system,
an equivalence arrangement
can be reached with the EU’s
Emissions Trading System,
the official said.
DATA SAFETY ISSUE
India also has concerns
around data protection. “Un­
der CBAM, a lot of informa­
tion on products and pro­
cesses will need to be shared.
These could include sensitive
information that can’t be re­
vealed to third parties as it
could hurt a company’s com­
petitive advantage. “India
would need clarity on the in­
tegrity of data around
CBAM,” the official said.
In its discussion with the
EU, India will also insist that
the principles of common but
differentiated responsibility
(CBDR), which is part of the
Paris Agreement on Climate
Change, be followed while
calculating taxes under
CBAM, the official added.
Mahindra’s Classic Legends to invest
₹1,000 cr over 3 years to get back mojo
Thomas K Thomas
Aroosa Ahmed
Mumbai
Mahindra­backed motorcycle
company Classic Legends,
which resurrected iconic
brands including Jawa, Yezdi
and BSA, will invest ₹1,000
crore over three years to ramp
up marketing, distribution and
new product development.
Anand Mahindra, Chair­
man, Mahindra Group, told
businessline that though there
have been problems, he be­
lieves the brands under Clas­
sic Legends are great products
iPhone 15 to debut on Sept 22, starting ₹79,900
Ayushi Kar
Mumbai
Apple iPhone 15 is going to be
made available in India in con­
gruence with its global launch
for the first time. iPhone 15
starts at ₹79,900.
The pre­order date for iPhone
15 is September 15, and the offi­
cial sales are set to commence a
week thereafter. This is the first
iPhone release after the inaugur­
ation of Apple’s official stores in
Delhi and Mumbai.
The iPhone 15 series includes
iPhone 15, iPhone 15 plus,
MUMBAI
THURSDAY ­ SEPTEMBER 14, 2023
₹10 • Pages 14 • Volume 30 • Number 256
Regd. TN/ARD/14/09­11, RNI No. 55320/94
..............................................................................................................
Bengaluru ­ Chennai ­ Coimbatore ­ Hubballi ­ Hyderabad
Kochi ­ Kolkata ­ Madurai ­ Malappuram ­ Mangaluru
Mumbai ­ Noida ­ Thiruvananthapuram ­ Tiruchirapalli
Tirupati ­ Vijayawada ­ Visakhapatnam
TECHNOPHILE.
and marketing in India. The
company is also ready with its
electric motorcycle that is set
for UK launch soon.
The fresh funding will come
from a combination of internal
accruals, existing sharehold­
ers and external investors.
Mahindra & Mahindra owns
60 per cent in Classic Legends,
Anand Mahindra, Chairman,
while the balance is held by
Mahindra Group
Anupam Thareja’s Phi Capital
and real­estate developer Bo­
that have huge market poten­ man Irani. Their 2018 plan to
tial. About 50 per cent of the revive the iconic brands was
new investments will be used stymied by the Covid­linked
for rolling out BSA bikes in in­ disruptions to the supply
ternational markets, and the chain.
rest to strengthen distribution Read more p2
iPhone 15 Pro, and iPhone 15 pro iPhone 15 starts at Dh 3,399
max. The iPhone 15 Plus series (₹76,719).
starts at ₹89,900 for with the 128 Experts believe that Apple is
GB model, ₹99,900 for the 256 deliberately keeping prices high
GB variant, and ₹1,19,900 for the in India, even though the
extensive 512 GB version . Centre’s subsidies to make these
phonesin India have reduced the
PRICIER IN INDIA manufacturing cost.
Although experts watching the Faisal Kawoosa of TechArc ex­
smartphone space are jubilant, plained, “it is unlikely that the
iPhones will sell in India with a cost of manufacturing for
much higher markup compared iPhones in India, differs from
to other markets. other parts of the world. How­
To put this in perspective — in ever, given the limited purchas­
the US, prices start at $799 ing power of most Indians,
(₹66,242) for iPhone 15 128 GB iPhones continue to be a luxury
and go up to $1,199 (₹92,772) for product. Apple is positioning
iPhone 15 Pro Max. In Dubai, iPhone 15 as such.”
. . . . . . . . BM­BME
2 . bl . news
QUICKLY.
Future Retail gets more
time for completing CIRP
New Delhi: The National
Company Law Tribunal (NCLT)
has extended the deadline to
September 15 for completion
of the insolvency resolution
process of debt­ridden Future
Retail Ltd (FRL). The company's
Resolution Professional sought
exclusion of a period of 29 days
from CIRP, according to a
regulatory filing. This is the
third extension for FRL. PTI
Spencer's Retail to close 10
loss­making stores soon
New Delhi: Spencer's Retail said
it will close 10 loss­making
stores in Tamil Nadu by the
month­end. It "has decided to
close down its 10 loss­making
stores in Tamil Nadu by
September 30. “These stores
contributed 1.2 per cent of the
consolidated revenue in
2022­23,” it said. PTI
Fyn ties up with Euler for
2,000 electric 3­wheelers
Bengaluru: Fyn, a EV­as­a­service
platform, has tied up with Euler
Motors to procure 2,000
fast­charging three­wheeler EVs
over the next 18 months. Fyn
plans to enter Mumbai, Delhi,
and Coimbatore in the next
18­24 months. Currently, it
operates over 500 EVs in
Chennai, Hyderabad, and
Bengaluru. OUR BUREAU
Coffee Day settles with
IndusInd, out of insolvency
Press Trust of India
New Delhi
Coffee Day Global Ltd
(CDGL), material subsidiary
of Coffee Day Enterprises,
and its financial creditor In­
dusInd Bank have reached a
settlement, following which
the National Company Law
Appellate Tribunal
(NCLAT) has set aside an in­
solvency order against the
company which owns and
operates coffee chain Cafe
Coffee Day.
Counsel representing
CDGL and IndusInd bank on
Wednesday informed the
Chennai bench of NCLAT
about the settlement and
sought permission to with­
draw insolvency litigations.
NCLT ORDER SET ASIDE
A two­member bench com­
prising Justice M Venugopal
ITC invests about ₹3,000 crore in Welcomhotels Lanka
Forum Gandhi
New Delhi
ITC Ltd, which recently an­
nounced the demerger of its
hotels business, has made
an equity investment of
about₹3,000 crore in Wel­
comhotels Lanka Pvt Ltd
with the latest investment
of $ 20 million.
Official data from the Re­
serve Bank of India shows
that in July, ITC invested
$20 million in Welcomho­
tels Lanka Pvt Ltd equity.
According to Welcomho­
tels’ annual report, in FY23,
the parent company (ITC
Ltd) has ₹2,775­crore
equity and preference
capital.
The Sri Lankan property
is spread across 5.86 acres
of prime sea­facing land in
Colombo, including a lux­
ury hotel and a super­
premium residential apart­
ment complex ­ ‘Sapphire
Residences’. The property
includes 352 rooms, suites
and serviced apartments,
and 12 restaurants. Accord­
CM
YK
Classic Legends’ ₹1,000­cr bet to Occupations that are at
become a global bike company risk due to generative AI
CLEAR ROADMAP. Mahindra­backed company on ambitious expansion drive
Thomas K Thomas
Aroosa Ahmed
Mumbai
Mahindra­backed motor­
cycle company Classic Le­
gends, which resurrected
iconic brands including
Jawa, Yezdi and BSA, will
invest ₹1,000 crore over
the next three years to
ramp up marketing, distri­
bution and new product de­
velopment. About 50 per
cent of the new invest­
ments will be used for
rolling out BSA bikes in the
international markets, the
other half will be used to
strengthen the distribution
and marketing in India. The
company is also ready with
its electric motorcyle and is
set to launch in the UK
soon.
This is the first major in­
vestment being made by
the company since it an­
nounced plans to relaunch
the motorcycle brand Jawa
in 2018.
The fresh funding will be
deployed from a combina­
tion of internal accruals,
existing shareholders and
external investors.
Mahindra & Mahindra
owns 60 per cent stake in
Classic Legends, while the
balance is held by Anupam
Thareja’s Phi Capital and
real estate developer Bo­
man Irani. The three had
come together to revive the
iconic brands in 2018; how­
ever, the business was im­
pacted by the Covid pan­
demic­linked disruptions in
the supply chain.
HUGE POTENTIAL
Anand Mahindra, Chair­
man, Mahindra Group, told
businessline that though
there were problems ini­
tially, he believes that the
and Shreesha Merla took
their submissions on record
and set aside the order ad­
mitting CDGL to insolvency.
On August 11, NCLAT,
through an interim order,
had stayed the operations of
the order of National Com­
pany Law Tribunal (NCLT)
that directed the initiation of
insolvency proceedings
against CDGL. This order
was challenged by Malavika
Hegde, Director of CDGL
and wife of late VG
Siddhartha.
ROOM FOR GROWTH. Official data from the Reserve Bank of
India shows that in July, ITC invested $20 million in Welcomhotels
Lanka Pvt Ltd equity REUTERS
ing to ITC Hotels’ web site,
the hotel is slated to be com­
pleted in 2023.
HEADWINDS
According to the annual re­
port, “Project construction
activities, which had
ramped up post the pan­
demic, were also impacted
during the year on account
of the challenging operating
conditions prevalent in the
country. Despite these chal­
When you are selling a
product, it’s about
lifestyle. When we
launched the Scorpio,
we faced many
problems. Now look
where we are.
ANAND MAHINDRA
Chairman, Mahindra Group
brands under Classic Le­
gends have great products
that have huge potential in
the market.
“When you are selling a
product, it’s about lifestyle­
. When we launched the
Scorpio, we faced many
problems, many people
wrote us off. Now look
where we are. We would
have given up a long time
ago, if the product was
wrong and nobody wanted
the product.”
Anupam Thareja, the Co­
Founder of Classic Le­
gends, told businessline that
the aim is to build a Indian
global company. “Every
Rel Retail in talks with Singapore,
Gulf sovereign funds to raise $1.5 b
Reuters
Mumbai/New Delhi
Reliance Retail is in talks
with existing investors in­
cluding the sovereign wealth
funds of Singapore, Abu Dh­
abi and Saudi Arabia for com­
bined new investments of
around $1.5 billion, three
sources with direct know­
ledge of the plan said.
The talks with investors
are part of an internal target
to raise $3.5 billion, which
the company wants to close
by end­September, Reuters
has reported. Of that, QIA
last month announced a $1­
billion investment and KKR
& Co this week $250 million.
Singapore’s GIC, the Abu
Dhabi Investment Authority
(ADIA) and Saudi Arabia’s
Public Investment Fund
(PIF) are looking to invest at
lenges, the company took all
steps to expedite project
work; significant progress
was made during the year in
the façade, finishes, mech­
anical, electrical, and
plumbing works.”
However, it also men­
tioned that the muted busi­
ness environment and
macro­economic challenges
faced by the country have
impacted sales of ‘The Sap­
phire Residences’ luxury
month, we are selling
4,000­5,000 units currently.
Next year, we should be
doubling this to 10,000.
We are targeting 20 per
cent to come from
exports.”
650 CC BIKE
In February, the company
launched its high­end 650
CC bike under BSA brand
in the UK. This was fol­
lowed by Germany, France,
Italy, and Austria.
“End of this week, we
are launching Turkey, Nor­
way, and the Czech Repub­
lic. Then we launch in the
US and then to Japan,”
least $500 million each in Re­
liance Retail at a valuation of
$100 billion, one of the
sources said. GIC, ADIA de­
clined to comment, while
PIF did not respond to re­
quests for comment. Reli­
ance said: “We do not com­
ment on media speculation
and rumours”.
A second source said some
of the three investors could
end up putting in less than
$500 million, and talks were
TOUGH
CONDITIONS
Project construction
activities, which had
ramped up post the
pandemic, were
impacted during the
year on account of
the challenging
operating conditions
apartments. “Given its
unique positioning in the
market and superior value
proposition, it is anticip­
ated that apartment sales
would gain traction as the
project nears completion
and the situation in the
country normalises,” the
company added.
“Project construction
activity was running on
schedule till Q3 of FY2018­
19,” it said, adding that con­
ditions were adversely im­
pacted due to disruptions in
the aftermath of the terror
incidents in 2019, recurrent
waves of Covid and the chal­
lenging socio­economic and
Thareja said, adding that
products under BSA will be
primarily for the western
market including North
America, while Jawa will be
rolled out in countries such
as China, Poland, and Ar­
gentina.
All these bikes are being
produced at Mahindra’s
manufacturing facility in
Pithampur near Indore in
Madhya Pradesh.
The company is also
ready with its first electric
motorbike, for which it has
earmarked about ₹200
crore investment.
In India, the focus will
be to consolidate the exist­
ing portfolio of four Jawa
and three Yezdi models.
The company has 440 sales
touch­points spread
between 223 dealers. “Our
target is very clear to get
our dealers profitable. We
told them two years ago
that 50 per cent of them
would make money, but I
need 100 per cent to make
money,” Thareja said.
The company will expand
its presence to 500 touch
points soon and to 750 by
the end of next year.
also on with at least one or
two further investors for the
fund raising. “All the three
investors have evaluated the
company quite seriously,”
said the first of the three
sources, all of whom de­
clined to be named as the dis­
cussions are private.
GIC, PIF and ADIA to­
gether own a 4.4 per cent
stake in the company.
RIL TO INVEST TOO
Reliance Industries (RIL)
also has plans to invest in the
ongoing fund raising round
of $3.5 billion, two of the
sources said. RIL sold a 10.09
per cent stake in its retail
unit in 2020, valuing it at
₹4.68­lakh crore ($56.4 bil­
lion). At that time, GIC and
ADIA invested $664 million
each, while PIF pumped in
$1.15 billion, based on cur­
rent exchange rates.
operating conditions pre­
vailing in the country over
the last 18 months.
BACK TO NORMALCY
The situation in the country
is progressively returning to
normalcy. The government
of Sri Lanka has undertaken
several steps to stabilise the
economy. These include se­
curing financial assistance
from multi­lateral agencies
and other countries, in­
creasing interest rates to
curb inflation, restricting
non­essential imports to
conserve foreign exchange,
introduction of taxes to
boost government reven­
ues, etc.
ITC remained unavail­
able to comment.
TOURISTS INCREASING
According to the DGCA
data, travel between India
and Sri Lanka is picking up.
Over two lakh passengers
visited India from Sri Lanka
and a similar number of In­
dian passengers visited Sri
Lanka in the April to June
quarter.
Radheshyam Jadhav
Pune
The recent working paper
from the International La­
bour Organization (ILO)
titled, “Generative AI and
Jobs: A global analysis of po­
tential effects on job quant­
ity and quality”, has claimed
that the most important im­
pact of generative AI tech­
nology is likely to be on aid­
ing in work (augmenting) as
opposed to fully automating
occupations.
DATA FOCUS.
The paper, authored by
Paweł Gmyrek, Janine Berg,
and David Bescond, and
published last month,
delves into how various oc­
cupations and tasks world­
wide might be affected by
Generative AI, with a partic­
ular focus on Generative
Pre­Trained Transformers
(GPTs).
Moreover, the paper
sheds light on the potential
consequences of GPT ex­
posure, both in terms of job
quantity and job quality.
Exposure to AI means
that the most important
tasks could be replaced or
assisted by technology. Re­
searchers used the GPT­4
model to estimate task­level
scores of potential exposure
and then estimated poten­
tial employment effects at
the global level as well as by
country income group. .
JOBS AT RISK
Researchers found that only
clerical work is highly ex­
posed to the technology,
with 24 per cent of clerical
tasks considered highly ex­
posed and an additional 58
per cent with medium­level
exposure.
A full 82 per cent of cler­
ical job tasks are exposed at
an above­average level.
Interestingly, among the
remaining occupational cat­
egories, the highest propor­
tion of tasks with significant
exposure fluctuates within
the range of 1 per cent to 4
per cent, while tasks with
moderate exposure never
surpass 25 per cent. (see
graphics)
The researchers tracked
the potential employment
effects of augmenting and
automating, varying widely
across country income
groups, due to different oc­
cupational structures.
Augmentation enhances
Byju’s denies
allegations of
hiding $500m in
offbeat hedge fund
Jyoti Banthia
Bengaluru
Edtech major Byju’s has
denied allegations made by its
lenders that its US entity,
Byju’s Alpha, has hidden $533
million in an obscure hedge
fund, Camshaft Capital Fund,
based out of a Miami IHOP
restaurant.
The lenders have argued in
a Miami­Dade Country Court
in Florida that Byju’s has de­
liberately hidden the funds to
obstruct and delay creditors.
They said the fund’s founder,
William C Morton, has been
acquiring luxury cars since
the money transfer took
place, reported Bloomberg.
“The Byju’s entities are not
parties to the proceedings
mentioned in the recent me­
dia reports, and have not been
served with copies of the
complaint or motion. This is
the first that we are hearing of
these proceedings. The court
filing appears to have been
made prior to the latest loan
repayment proposal. The
parties continue to engage in
negotiations to settle the dis­
pute and we remain commit­
ted to an amicable outcome,”
said Byju’s in its statement.
The beleaguered edtech
major said that Byju’s Alpha
has made investments in a
‘multi­hundred billion dollar
fund’ with high­security fixed
income instruments. The
company said that the credit
agreement with the lenders
does not prohibit or restrict
the movement or investment
of monies disbursed thereun­
der.
human capabilities, assist­
ance provides support and
guidance to humans, and
automation replaces or re­
duces human involvement
in tasks.
These concepts can over­
lap in some cases, as AI sys­
tems may combine ele­
ments of augmentation,
assistance, and automation
to achieve specific goals.
The paper shows that in
low­income nations, merely
0.4 per cent of overall em­
ployment could potentially
face automation impacts,
whereas in high­income
countries, this percentage
increases to 5.5 per cent.
The research findings high­
light a significant gender
disparity, indicating that
more than twice as many
women are at risk of poten­
tial automation effects.
Augmentation, on the
other hand, is the primary
driver of impact, with the
potential to influence 11.4
per cent of employment in
low­income nations and
13.2 per cent of employ­
ment in high­income
nations.
“However, such effects do
not consider infrastructure
constraints, which will im­
pede the possibility for use
in lower­income countries
and likely increase the pro­
Anand in autoparts JV deal
with Korea’s HL Group
Our Bureau
New Delhi
The $2­billion­plus Anand
Group, which manufactures
auto systems and compon­
ents, on Wednesday said it
has signed a joint venture
(JV) agreement with Korea’s
$8.1­billion HL Group.
The partnership will be
called ‘HL Anand Automot­
ive Parts Private Ltd’ and
will supply a range of after­
market components for the
passenger vehicle segment
in domestic and interna­
tional markets.
Two distribution centres
will be set up for the new
company in the next two
years, the company said in a
statement.
The JV will expand the af­
termarket portfolio with
products manufactured by
Anand’s existing JVs with HL
Group’s Mando Corpora­
tion, an automotive com­
ponents leader based in
Korea.
The existing partnerships
are HL Mando Anand Auto­
motive, which makes steer­
ing, brake, and suspension
systems; and Anand Mando
eMobility, which manufac­
tures motors and controllers
for electric vehicles (EVs).
INCREASE BUSINESS
The JV will increase the In­
dian company’s aftermarket
business two­fold while
building the Korean entity’s
presence in India, it said.
“This strategic JV will cap­
italise on the strong Anand
Group aftermarket ecosys­
tem in India and HL Group’s
MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
ductivity gap,” the study
reports.
OTHER STUDIES
Researchers of the paper
have referred to a few other
studies, showing that their
findings align with some of
the most­recent literature
on generative AI systems
with a global focus.
A study by McKinsey in
2023 identifies a compar­
able set of “knowledge
work” occupations and
tasks with the highest ex­
posure levels, albeit with a
notably higher projected
displacement rate.
The WEF’s 2023 global
survey, which primarily con­
centrated on large enter­
prises, includes clerical and
administrative positions in
its list of occupations anti­
cipated to experience rapid
declines.
“Estimates provided by
Goldman Sachs (2023) sug­
gest a slightly higher level of
potential automation than
our calculations, but with
the general conclusion
aligning with our main find­
ing that most jobs and in­
dustries are only partially
exposed to automation and
are thus more likely to be
complemented rather than
substituted by AI,” the re­
port adds.
With this
alliance, the
company expects
its aftermarket
business to grow at
a CAGR of 15 per
cent over the next
five years.
sourcing expertise and well­
established global network,”
Mahendra Goyal, Chief Op­
erating Officer, Anand
Group, said.
With this alliance, the
company expects its after­
market business to grow at a
CAGR of 15 per cent over the
next five years.
The company will focus
on the core products manu­
factured by the existing JV
entities and will be free to
source other products, as
feasible, for growth, he
added.
India’s auto aftermarket,
which is growing at around
10 per cent annually, is val­
ued at around ₹85,000 crore
($10.6 billion), while the
global aftermarket is estim­
ated at around $408 billion,
according to industry re­
ports.
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.
... . . . . . . BM­BME

MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
QUICKLY.
‘Over 100 paper mills may
come under PAT scheme’
New Delhi: More than 100
paper mills are expected to
come under the energy
efficiency scheme Perform
Achieve and Trade (PAT) by
next year as players are
adopting technology to reduce
their energy footprint, an
industry body said on
Wednesday. The paper
industry has reduced its
specific energy consumption
by 20 per cent in the last five
years, the Indian Paper
Manufacturers Association
(IPMA) said in a statement.
Integrated paper mills in India
are generating over 40 per
cent of the power
consumption by utilising the
biomass from the pulping
process, the IPMA said. PTI
Exim Bank raises ₹8,288 cr in
FY24; lines up expansion plans
G Naga Sridhar
Hyderabad
Export­Import Bank of In­
dia (India Exim Bank) has
raised ₹8,288 crore so far in
the current financial year.
“During the period April­
August 2023, the bank has
raised an aggregate amount
of ₹8,288 crore comprising
foreign currency resources
equivalent of approxim­
ately $600 million (₹4,940
crore) and rupee resources
of ₹3,348 crore,’’ Harsha
Bangari, Managing Dir­
ector, Exim Bank, told
businessline.
RESOURCE PLAN
“We have a resource plan
for the full year but actual
fundraising will depend on
the market conditions,’’ she
said.
In FY24, Exim Bank plans
to raise $4 billion via over­
seas debt and ₹40,000­
45,000 crore in the do­
mestic market.
The bank has lined up ex­
pansion plans. “There are
diverse expansion plans in
terms of physical infra­
structure as well offerings.
There has already been a re­
newed focus on the trade
side.
“With the opening of our
subsidiary, India Exim Fin­
ICRA upgrades steel demand outlook
driven by robust government capex
Our Bureau
Mumbai
Rating agency ICRA has re­
vised the domestic steel de­
mand outlook for this fiscal to
9­10 per cent, from the 7­8 per
cent forecast at the start of the
fiscal, on the back of strong
government capital expendit­
ure.
Domestic steel demand is
poised to grow at a double­di­
git compound annual growth
rate of 10.5­11 per cent during
FY2022­24. The last time the
industry witnessed such sus­
tained high growth was before
the 2008 global financial crisis,
when strong private sector
capex fuelled domestic steel
demand at a CAGR of 12.7 per
cent during FY2006­08.
Powered by the govern­
ment’s infrastructure­ori­
ented growth model, do­
CM
YK
Govt to incur ₹2,200 per connection
for 75 lakh Ujjwala beneficiaries
GREEN SIGNAL. Phase­3 of e­court scheme, ₹9,500­crore FDI in Suven Pharma get Cabinet nod
Shishir Sinha
New Delhi
The Union Cabinet on Wed­
nesday approved ₹1,650
crore for providing 75 lakh
connections under the
Ujjwala scheme. It also gave
nod to the third phase of the
e­court mission with an
outlay of ₹7,210 crore.
Meanwhile, in a separate
decision, the Cabinet Com­
mittee on Economic Affairs
(CCEA) cleared the pro­
posal for foreign direct in­
vestment in Suven Pharma­
ceuticals Ltd worth over
₹9,500 crore.
UJJWALA SCHEME
To implement the August
29 decision for 75 lakh new
connections under Ujjwala,
the Cabinet approved
budgetary provision of
₹1,650 crore to be spent
over three years (2023­24 to
2025­26). Giving details of
the decision, Information &
Broadcasting Minister
Anurag Singh Thakur said
initial expenditure of
₹2,200 per connection,
which covers a two­burner
stove and the first cylinder,
will be borne by oil market­
ing companies and it will be
reimbursed by the govern­
ment.
“The beneficiary will not
have to give any deposit.
The connection will be
totally free,” Thakur said.
At this moment, there are
Harsha Bangari, Managing
Director, Exim Bank
serve IFSC Private Limited
(Exim Finserve), at the Gu­
jarat International Finan­
cial Tec­City (GIFT City)
export factoring will also go
up,’‘ she said.
Exim Finserve, which
was inaugurated formally
last month, will extend a
comprehensive range of
trade finance products to
Indian exporters, with a
primary focus on export
factoring.
OTHER AVENUES
The factoring services
would be particularly bene­
ficial for MSME exporters
as it is primarily based on
the quality of accounts re­
ceivable, rather than
collateral.
CAPEX PUSH. Domestic
steel demand is poised to
grow at a double­digit CAGR
of 10.5­11% during FY22­24
mestic steel demand has been
growing in double digits since
FY2022, and this momentum
continued in the current fiscal
as well, when demand re­
gistered a growth of 13 per
cent between April and August
of this fiscal. The Central Gov­
ernment capex registered an
LIGHTING UP LIVES. Union Minister for Information and Broadcasting Anurag Thakur
addressing the media on the Cabinet decisions in New Delhi, on Wednesday PTI
9.6 crore connections under
the Ujjwala Scheme. As on
date, a consumer gets a sub­
sidy of ₹200 per cylinder.
Since the price has been
lowered by ₹200, a Ujjwala
connection will get a benefit
of ₹400.
Giving reasons behind
the expansion of the
scheme, Thakur said that
some eligible households
still do not have LPG con­
nection. This is due to mul­
tiple reasons – new house­
holds are formed every year
as a result of rising popula­
tion, marriages, migration,
nuclearlisation of famili­
The factoring market in
India is still in its infancy, at
around $500 million, and is
expected to see significant
growth going forward, as
per industry estimates.
The bank is also looking
at financing Telugu movies
on the lines of what it has
already done in Mumbai
and some other States as
“films are huge foreign ex­
change earners.”
“We are also looking at
opening more offices in In­
dia and overseas, the details
of which are being worked
out,” she added.
The bank has 10 offices in
India apart from its head of­
fice in Mumbai and the re­
cently opened subsidiary at
GIFT City. It has nine of­
fices overseas.
On the market scenario,
Bangari said, “In the cur­
rent fiscal, we have fared
reasonably well and fiscal
prudence is maintained.
“While the inflation has
now come down, we should
wait till the end of Septem­
ber for a better understand­
ing of inflation.”
Things are “good” in
terms of GDP and exports
are lined up as per targets,
the Exim Bank chief added.
Exim Bank posted a net
profit of ₹1,556 crore for
FY23, compared to ₹738
crore in the previous year.
impressive 59.1 per cent year­
on­year growth in Q1 FY24,
which suggests an accelerated
pace of infrastructure spend­
ing ahead of the 2024 elec­
tions.
STEADY SUPPLY
Jayanta Roy, Senior Vice­Pres­
ident, Corporate Sector Rat­
ings, ICRA, said that about
14.3 million tonnes per annum
of new steelmaking capacity is
expected in the current fiscal,
making it the largest addition
by the industry in a single year.
The industry’s supply
pipeline is expected to remain
strong in FY2025 as well,
when an estimated 12.3 mtpa
is lined up for commissioning.
Despite this burst of new sup­
plies, the favourable domestic
demand will adequately ab­
sorb them, helping improve
the industry’s capacity utilisa­
tion to 82 per cent this fiscal
es. There is a demand for 15
lakh PMUY connections as
on August 31, added a gov­
ernment statement.
E-COURT PROJECT
In another decision, the
Cabinet approved third
phase of e­court project at
the cost of ₹7,210 crore.
Phase III of the e­courts
project focusses on adopt­
ing technology by users, a
robust governance frame­
work and a judicial system
that is more accessible, effi­
cient, and equitable for
every individual who seeks
justice or is part of the de­
Govt withdraws guidelines allowing
Discoms to draw power after PPA expiry
Rishi Ranjan Kala
New Delhi
The Power Ministry has with­
drawn the guidelines that al­
lowed Discoms to continue
drawing power from a Genco
even after the expiry of the
term of their power purchase
agreement (PPA).
Now, all the central gener­
ating stations (CGSs) of a
central public sector under­
taking (CPSU) whose PPA
has expired will be brought
together in a central common
pool and bundled gas­based
power will be sold to States
that want to buy electricity at
a uniform tariff.
COMMON POOL
In April this year, the Ministry
announced creation of a com­
mon pool of efficiently­oper­
ated coal and gas­based
power plants operated by
CPSUs, which have com­
pleted 25 years of operations
and whose PPAs have expired.
In March and July 2021, the
Ministry had issued
guidelines and clarifications,
enabling Discoms to continue
drawing power even after
completion of their PPAs.
“Now, the March 2021 or­
der has been superseded by
the April 2023 order and all
the CPSU stations with no
from 80 per cent in FY23, he
said.
However, the industry faces
multiple headwinds in the ex­
ternal environment, including
a meltdown of the Chinese
housing market, a key engine
driving the country’s steel de­
mand, and the prospectof sub­
par economic growth in west­
ern economies.
While exports remained
weak, steel imports began to
rise as global steel trade flows
were diverted to high­growth
markets like India. ICRA’s
analysis suggests that do­
mestic hot­rolled coil (HRC)
prices are currently trading at
a premium of $40­45 a tonne
over prevailing Chinese FoB
spot export offers.
Therefore, domestic steel
prices are likely to remain un­
der check in the coming quar­
ters even though the demand
outlook is favourable.
livery of justice in India.
“This phase aims to usher in
a regime of maximum ease
of justice by moving to­
wards digital, online and pa­
perless courts through di­
gitisation of the entire
court records including leg­
acy records and by bringing
in universalisation of e­fil­
ing/ e­payments,” a govern­
ment statement said.
The government spent
₹640 crore in Phase I to
provide laptop and other
hardware to over 14,200
districts and sub­ ordinate
courts. In Phase II, over
₹1,600 crore spent to cover
UNFAIR DEAL. The system in place led to a situation wherein a
Genco was left with a portfolio of costlier assets while the benefit
of cheaper assets was utilised fully by the Discom REUTERS
PPAs will pool their power in
this common pool. Procuring
power from here will be
through a uniform energy
charge based on station­wise
weighted average pooled
monthly energy charge rate
(ECR) and final implemented
schedule,” a senior govern­
ment official explained.
Welcoming the creation of
a common pool, Nangia An­
dersen Partner (government
and public sector power ad­
visory) Arindam Ghosh said it
is a win­win situation for all
including Discoms, Gencos
and grid operators.
“The common pool is go­
ing to provide appropriate
bundled avenues to power
plants which have completed
their useful life and gas power
plants, which have been reel­
ing under losses and low PLF
IndiGo receives DGCA nod to wet lease
11 A320 aircraft ahead of winter schedule
Our Bureau
New Delhi
IndiGo has received regu­
latory approval from the
Directorate General of Civil
Aviation (DGCA) to wet
lease 11 Airbus A320 planes.
Sources within DGCA,
requesting anonymity, con­
firmed this approval.
These aircraft currently
belong to Smartlynx airline,
with two separate Air Oper­
ator Certificates (AOCs) in
Latvia and Estonia.
ENGINE WOES
This decision comes as In­
diGo grapples with ongoing
issues with its Pratt & Whit­
ney A320 Neo engines,
which power a significant
portion of its fleet compris­
ing over 300 aircraft.
The addition of these
leased Airbus A320s to the
another over 18,700 courts
to enable them use techno­
logy for faster delivery of
justice.
The statement also said
that main objective of e­
courts Phase­III is to create
a unified technology plat­
form for the judiciary,
which will provide a seam­
less and paperless interface
between the courts, the lit­
igants and other stakehold­
ers. “Emphasis on auto­
mated delivery of court
summons by further ex­
panding the NSTEP (Na­
tional Serving and Tracking
of Electronic Processes) to
drastically reduce the
delays in trials,” it said.
FDI IN SUVEN PHARMA
Meanwhile, the CCEA ap­
proved the FDI proposal for
foreign investment of up to
₹9,589 crore in Suven Phar­
maceuticals by Cyprus­
based Berhyanda Ltd,
Cyprus for acquiring over
75 per cent shares. With
this, the company will have
over 90 per cent equity by
foreign investors.
As per the FDI policy, 100
per cent foreign investment
is allowed under automatic
route in greenfield pharma­
ceutical projects.
In brownfield pharma­
ceutical projects, FDI up to
74 per cent are allowed un­
der the automatic route and
government approval is re­
quired for investment bey­
ond 74 per cent.
due to either unavailability of
gas or high cost. In due
course, post this system
reaches maturity, it is recom­
mended that vitality of the
central pool may also be ex­
tended to power system oper­
ators and letting capacities be
offered under ancillary ser­
vices for balancing the vari­
able RE generation on a daily
basis,” he added.
RESOURCE UTILISATION
The Power Ministry observed
that after the March 2021 or­
der some Discoms stopped
drawing power from those
plants whose costs were
higher while continuing to
draw power from cheaper
plants.
The Gencos protested this
inequitable arrangement,
which has led to a situation
BEEFING UP. The move comes as IndiGo faces engine issues
with its A320 Neo fleet PTI
fleet precedes an impending
engine recall by Pratt &
Whitney.
This isn’t the first time
IndiGo has turned to wet
leasing this year.
Earlier, they added three
wide­body B777 planes on
lease from Turkish Airlines
to meet the growing de­
mand for flights to Istanbul
and beyond.
IndiGo has a history of
using wet leasing as a solu­
news . bl . 3
ETFs, units of
scheme to get tax
exemption at IFSC
Ashley Coutinho
Mumbai PUBLIC NOTICE
The government has expanded
the list of securities that will be
eligible for tax exemption on a
recognised stock exchange in
an International Financial Ser­
vices Centre (IFSC).
Under Section 47(viiab) of
the Income­tax Act, any trans­
fer of bonds or GDRs, rupee­
denominated bonds of an In­
dian company and derivatives
by a non­resident on IFSC ex­
changes is not treated as trans­
fer provided the consideration
is paid or payable in foreign
currency.
Units of a scheme, invest­
ment trust and that of an ex­
change traded fund are now
eligible for exemption as well.
“The new fund regime
provides for funds to be set up
as investment trust. So, the law
required inclusion of units is­
sued by such trusts for the pur­
pose of exemption from cap­
ital gains. Similarly, ETFs
listed and traded on the stock
exchanges in GIFT City would
now qualify for capital gains
tax exemption. These changes
would further expand the
scope of incentives available
for funds and stock market
trading in IFSC,” said Sunil
Gidwani, Partner ­ Financial
Services, Nangia Andersen.
The notification widens the
relaxation for units of ETFs,
REITs and InvITs as several
such funds are looking to get
listed at IFSC, said Sandeep
Sehgal, partner, AKM Global.
The move may give a boost
to the setup of REITs and In­
VITs as well as launch of ETFs
at IFSC, according to Yashesh
Ashar, partner, Illume Advis­
ory.
where a Genco has been left
with a portfolio of costlier as­
sets while the benefit of
cheaper assets is entirely util­
ised by the Discom, the Min­
istry concluded.
The matter has been care­
fully examined and the legal
position is that both parties
under the agreement should
have equal rights on the ex­
piry of a PPA. Both the gener­
ator and procurer have equal
rights to decide the next
course of action. Any unilat­
eral choice with any party is
not justifiable. PPA is a con­
tract entered into by two
parties, and when it expires
both parties are free from the
obligation of supplying or
purchasing power from each
other, it said.
After careful considera­
tion, it was decided that the
legal position should be
strictly enforced, wherein on
expiry of the PPA both parties
are free to decide their future
course of action.
“The government has de­
cided that CGS of a CPSU
whose PPA has expired will be
brought together in a pool
bundled with gas­based
power and will be sold to who­
soever wants to buy. The rate
of power will be fixed fairly
and transparently and will be
equal for any buyer in the
pool,” the Ministry said.
tion, as seen in 2017 when
they leased planes from
Small Planet Airlines in
Lithuania due to delivery
delays.
Wet leasing has also been
adopted by rival carrier
SpiceJet, who secured
planes from Correndon Air­
lines in Turkey for similar
purposes this year, high­
lighting the industry’s ad­
aptability to address opera­
tional challenges.
... . . . . . . BM­BME
4 . bl . technophile
MUMBAI

businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023

WHAT’S HOT: GADGETS. Mahananda Bohidar

Max out!
The brand­new moto g54 features a 6.5­inch T
he Twitter leaks might
have come loud and fast
at us. However, there’s
no taking away the ex­
Bigger, bolder, better
FHD+ display with an adaptive refresh rate of citement of watching Apple unveil
up to 120Hz. Aimed at delivering great its products in real time. Which, be­
gaming and media ing in India yesterday, meant way
playback, the more coffee than I’d have on a regu­ APPLE INC’S 2023 LINEUP.
smartphone has two lar day. With thousands of con­
large stereo speakers sumers lining up to pre­order Digging a bit deeper into the
and is equipped with (starting tomorrow), here’s our latest launches
both Dolby Atmos and take on which products and up­
Moto Spatial Sound. It’s grades are truly worth getting ex­
fairly lightweight at 192 cited about!
gm despite packing in a massive 6,000 mAh
FITNESS WEARABLES Built­in depth app for divers
battery. The moto g54 5G is also
water­repellant with an IP52 rating, keeping it Last year’s debutante, aimed at
safe from spills and splashes. The outdoorsy consumers, was the
smartphone is priced at ₹14,499 for the 8GB Apple Watch Ultra. The new avatar
+ 128GB version and ₹17,499 for the 12GB + Apple Watch Ultra 2 carries for­
256 GB variant. ward all the features of its prede­
cessors and adds in a powerful new
S9 SiP processor and the cool new
double­tap gesture which I’ll elab­
Larger than life orate on in a bit. The rugged smart­
watch also has been built with
The Sony Bravia XR Master A95L TV is all Apple’s brightest display ever, on­
set to take your viewing experience to the device Siri access, and precision UI shows a double tap gesture on top
next level! The luxury OLED TV has a finding for iPhones. The smart­
Cognitive Processor XR watch runs the upgraded watchOS
that delivers wide 10, which has redesigned apps, the
dynamic contrast, new Smart Stack feature, and im­
detailed blacks, high proved cycling experiences. There
peak brightness, and are also new compass waypoints
natural colours. Even and map capabilities to explore the
with upscaled content, outdoors. There’s no major up­
there’s minimal loss in grade to the battery life claim of 36
texture and detail. An exclusive game menu hours, which the company says can
lets you make the most out of your gaming be amped up to 72 hours in Low
time. The model comes in two distinct size Power Mode. This offering remains
options — the 55­inch which costs ₹3,39,990 prohibitively expensive — and is
and the 65­inch version which costs priced the same as its predecessor
₹4,19,990. when it was launched last year — at
₹89,900.
At ₹41,900, the Apple Watch
Series 9 remains more affordable
Flashy performer and packs in the cool new party
trick that everyone would love to
The new iQOO Z7 Pro sports a massive show off. The double­tap gesture!
6.7inch Amoled display and runs on the You only need to tap two fingers to
MediaTek Dimensity 7200 5G mobile play and pause music, control a
platform. To make sure timer, or snooze an alarm.
you never miss the The gesture can be used to an­
perfect moment, it is swer and end a phone call, and even Detects people in the frame and
equipped with a 64­MP to take a photo with the Camera captures depth information
primary camera. The Remote on Apple Watch. Double A16 Bionic, with a 5­core GPU, enables smoother graphics automatically
phone runs on tap will also open the Smart Stack
Funtouch OS 13 (based from the watch face, and another detection, crash detection, and iPhone 15 Plus — with a starting iPhone 15 Pro, the longest optical
on Android 13) out of double tap will scroll through wid­ runs on the new watchOS 10. price of ₹89,900 ­ sports a bigger zoom ever on an iPhone ­ 5x at 120
the box. It also includes an Extended RAM 3.0 gets in the stack. The system is 6.7­inch screen and a USBC con­ mm ­ on the iPhone 15 Pro Max, in­
feature that provides the user with an driven by the same S9 SiP as the Ul­ UPGRADED AIRPODS PRO nector — which from hereon is go­ dicates Apple’s push to market the
additional 8GB of virtual RAM, making sure tra 2, and brings along system­wide The device name — AirPods Pro ing to be the go­to for iPhones as smartphones for pro­level usage by
the system never slows down. Available in improvements. The display is al­ (2nd generation) — remaining well as AirPods. photographers and moviemakers
Blue Lagoon and Graphite Matte colour, the most twice as bright as the Watch 8, unchanged is clue enough that as well.
smartphone is priced at ₹23,999 onwards. according to the company. This de­ there aren’t huge upgrades to this LEVELLING UP The prices for iPhone 15 Pro
cision was taken for better per­ device. Though there’s a new Mag­ Bold and beautiful seems an apt de­ start at ₹1,34,900 and go up accord­
formance outdoors, under sun­ Safe USB­C charging port, and the scription for the iPhone 15 Pro and ing to the storage capacity — which
light. While last year’s focus was on device is now dust resistant to the iPhone 15 Pro Max, which are maxes out at 1TB. The 6.7­inch
Tough cookie menstrual health, this time the
light shines on mental health with
some extent. With iOS 17, all Air­
Pods Pro (2nd generation) now
now built of aerospace­grade ti­
tanium known for its elegance and
iPhone 15 Pro Max is the costliest
offering this year with a starting
The latest Nokia G42 5G sports a 6.5­inch the new OS10 that I’ve written feature Adaptive Audio and Con­ durability. Apart from being hailed price tag of ₹1,59,900.
HD+ display protected by Corning Gorilla about earlier. Apple claims that the versation Awareness. An interest­ as the lightest iPhone Pro models While I’ll be writing a detailed
Glass 3. The screen has a refresh rate of up to Apple Watch Series 9 can go on for ing feature that sounds cool but has The updated AirPods Pro (2nd ever, the smartphones also have an­ review of some of the new launches
90 Hz and a brightness 18 hours on a single charge, but I almost no relevance for Indian con­ generation) has USB­C charging and other hardware shift. A new ‘Ac­ in upcoming weeks, one thing’s for
of 450 nits for engaging for one will believe it only when I sumers at the moment, is that the additional dust resistance tion’ button has replaced the toggle sure. Less is still more with Apple.
visuals. Equipped with a try it, especially as last year’s Watch AirPods Pro now supports lossless switch for ring/silent mode. It now It might not have the most ground­
Snapdragon 480 Plus 8’s battery life didn’t meet my ex­ audio when used with Apple’s Vis­ offers customisable options such breaking features unveiled this
5G chipset, the pectations. ion Pro headset. The device is cur­ new 48­MP main camera, and are as turning the camera or flashlight year — apart from maybe the ges­
smartphone allows for The best bet in case you’re look­ rently priced at ₹24,900. powered by the new A16 Bionic on, activating voice memos, focus tures on the watch — however, it
super­fast 5G ing for a price tag that doesn’t make chipset. With the iPhone 15 — modes, and more. has still managed to bring in mean­
accessibility for all one break the bank is the upgraded SMARTPHONES CATEGORY priced starting ₹79,900 you get the Powered by the potent A17 Pro ingful additions to each of the
users. Photography enthusiast can make use Apple Watch SE, starting at Although expected, it’s still excit­ usual 6.1­inch display which now chip, both iPhone 15 Pro and iPhones. Like I said last year as well,
of the 50­MP auto­focus camera, a 2MP ₹29,900. It doesn’t have the fancier ing that the new iPhone 15 and has a peak Peak HDR brightness of iPhone 15 Pro Max are designed for good value for money or not, the
macro lens and an 8MP selfie camera. The features of its more advanced sib­ iPhone 15 Plus feature Dynamic up to 1600 nits. Portrait mode and better gaming, voice recognition, people who seem to have had a
Nokia G42 5G is available in two colours — So lings mentioned so far. However, it Island — undoubtedly the best fea­ night photography are said to have and even auto­correction! Baking taste of tech’s glistening forbidden
Purple and So Grey — and is priced at does offer activity tracking, high ture from last year’s launches. Both been improved on both models, in camera capabilities such as an ef­ fruit, are always left craving for
₹12,599. and low heart rate notifications, fall smartphones feature an upgraded which run on iOS17 now. The ficient 3x telephoto camera on the more!

Mahananda Bohidar

AI and digital solutions integration to

B
eing a regular old smart­
phone ain’t gonna cut it any
more! You gotta have some
cool tricks up your sleeve to woo
consumers in 2023. That’s what
TECNO seems to have thought of
— even more than a couple of years
ago — while integrating backlights
onto a smartphone. The legacy car­
ries through in the latest version,
the TECNO POVA 5 Pro, which at­
tempts to impress us all with any­
thing but middling capabilities.
DESIGN
At first glance, one might mis­
takenly assume that the TECNO
POVA 5 Pro looks like any other
smartphone. Spend even a second
longer looking and you’ll realise
how unique the design of this smart­
phone is. There’s a lovely 3D­tex­
ture etched on the rear panel that
helps the smartphone stand out.
And impressively, no quarter on the
rear of the smartphone looks the
same. There are bits of light magic
hidden within too.
That’s the bright, shining USP of
this smartphone — RGB light strips
on the rear panel! Safe to say that the
Light up, without bolster BFSI sector in India: Report
burning a hole! Press Trust of India
New Delhi
revealing that online demand
exceeded total purchases
across all product categories
by 3­5 times in 2022.
The integration of AI with di­ Credit cards, home loans
gital solutions is set to enable and car loans were amongst
TECNO POVA 5 PRO. This mid­ranger India’s BFSI sector (Banking, the most searched products,
packs a powerful punch with its decent Financial Services and Insur­ enjoying amongst the highest
ance sector) to unlock access growth rates in online de­
camera and funky backlights to its entire spectrum of mand, with searches focused
products for over 700 million on factors like innovative fea­
internet users in the country, tures and prices, the report,
according to a Google and helpful for making a purchase titled ‘AI revolutionises inclu­
PICS: BIJOY GHOSH
McKinsey report. decision over traditional chan­ sion and profitability for finan­
Around 87 per cent of finan­ nels. Approximately 40 per cial services’, stated. Products
smartphone, with the audio being staying on was no issue for this cial services seekers com­ cent use search and about 31 with an established digital
clear enough. However, for music, I smartphone. With menial usage, the mence their consumer jour­ per cent use online videos to presence saw relatively lower
preferred using headphones as the smartphone gave me company for ney online, the report said, help them with their decisions. online demand, but with much
sound quality tends to get a bit more than a day. It ships with a 68W adding that nearly two­thirds The report combines ana­ of the online interest being
treble­heavy at higher volumes. ultra­fast charger as well, which the find online channels more lysis of Google Search trends, brand­specific.
company claims can charge the
CAMERA phone to 50 per cent battery in 15
There’s a 50­MP dual camera with minutes. While looking for a quick
dual flash and a 16­MP selfie cam­ top­up, I found that the claim wasn’t
era. The AI CAM feature is on by de­
fault, which in my view tends to de­
liver over­saturated photos. So, on a
entirely unfounded.

colour­based notifications are a ton
of fun and highly customisable. For
notifications, calls and music, I
could play around with nine differ­
ent colour variations and pulsating
patterns in the settings. I could even
choose to have it glow up, in sync
with whatever song I am streaming
on the device!
As endearing as the light effects
are, the rear panel is very prone to
smudges which might take away a
bit from the “cool” factor. The dis­
play is a massive 6.78­inch display
with a 120 Hz refresh rate. Always a
delight to see at this price range.
Catching up on older episodes of
Run BTS on YouTube was fun on the
CM
YK
sunny day, the pictures I took in a
nursery looked a bit unnaturally am­
ped up — in terms of colour. Having
this turned off gave me the natural­
looking results that I prefer.
The selfie cam has a quick shutter
speed, and delivers mixed results.
Skin tone and texture sometimes
rendered accurately and sometimes
not. However, it did do a decent job
of blurring out the background in
portraits.
TECH SPECS
The TECNO POVA 5 Pro is powered
by the mid­range MediaTek Di­
mensity 6080 chipset. In my regular
usage of taking photos, listening to
Agust D, and the occasional casual
gaming, the smartphone didn’t
show any signs of lagging or stutter­
ing. As is expected of affordable
smartphones, there’s a fair bit of
bloatware on start­up, but it was
nothing I couldn’t quickly disable or
uninstall.
BATTERY
Powered by a 5,000mAh battery,
VERDICT
A distinctive design, function­
driven backlights, spacious display
and a price tag that is easy on the
pocket. The TECNO POVA 5 Pro
has all this and more. Yes, there are a
few compromises along the way, but
none enough to trump the cool
factor.
SNAPSHOT
Price: ₹14,999 onwards
Pros: Long battery life,
good display, backlight on a
budget
Cons: Bloatware, sound can
get a bit shrill.
Musk, Zuckerberg, Gates to
join US senators for AI forum
Reuters
Washington
The US Senate’s top Demo­
crat is bringing US technology
leaders including Tesla CEO
Elon Musk, Meta Platforms
CEO Mark Zuckerberg and
Alphabet CEO Sundar Pichai
to Capitol Hill on Wednesday
for a closed­door forum on
how Congress should set arti­
ficial intelligence safeguards.
“For Congress to legislate
on artificial intelligence is for
us to engage in one of the
most complex and important
subjects Congress has ever
faced,” Senate Majority
Leader Chuck Schumer said
on Tuesday.
Lawmakers are grappling
with how to mitigate the
dangers of the emerging tech­
nology, which has experi­
enced a boom in investment
and consumer popularity
after the release of OpenAI’s
ChatGPT.
Lawmakers want safe­
guards against potentially
dangerous deepfakes, elec­
tion interference and attacks
on critical infrastructure.
Other expected attendees
include feature OpenAI CEO
Sam Altman, Nvidia CEO
Jensen Huang, Microsoft
CEO Satya Nadella, IBM CEO
Arvind Krishna, former Mi­
crosoft CEO Bill Gates, AFL­
CIO President Liz Shuler and
Senators Mike Rounds, Mar­
tin Heinrich, and Todd Young.
... . . . . . . BM­BME

MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
QUICKLY.
Russia’s VTB to allow
cross­border rupee transfers
Moscow: Russia’s VTB Bank said it it
will launch money transfers in
Indian rupees by this month­end.
Retail customers will be able to
send money to individuals and
legal entities in India, the bank said.
The maximum volume of one
transaction will be 20 million
roubles ($213,106), the
commission is 1 per cent of the
transfer amount. REUTERS
Wipro open cyber defence
centre in Germany
New Delhi: Wipro has launched
its cyber defence centre in
Dusseldorf, Germany. The centre
will offer clients round­the­clock
cybersecurity monitoring,
incident response, as well as
remediation support . As part of
Wipro and Microsoft’s global
partnership, this centre will
leverage Microsoft’s
cybersecurity products. PTI
Medikabazaar looks to
raise $250­300 m in 2024
Bengaluru: Medical technology
start­up Medikabazaar plans to
raise an additional $250 to
$300 million in funding during
the upcoming calendar year of
2024 to fuel its expansion
plans. Speaking to businessline,
,Vivek Tiwari, Founder and CEO,
said, “Our planned fundraise in
2024 will be primarily an equity
raise.” OUR BUREAU
Prestige Estates lines up 11
malls of 9 msf leasable area
Janaki Krishnan
Mumbai
Prestige Real Estate Pro­
jects, which has opened
three malls in the last nine
months, has 7­8 more malls
under construction that will
be coming up over the next
several years starting from
2025 onwards.
The Bengaluru­based real
estate developer has about
11 malls lined up equivalent
to 9 million square feet of
gross leasable area, V
Muhammad Ali, CEO, Forum
Malls, Prestige Group told
businessline on the sidelines
of a retail summit MAPIC In­
dia.
UPCOMING MALLS
The new upcoming malls of
the group are wholly owned
by it, though some of them
Data science, analytics job openings
highest in non­IT sector: Report
Our Bureau
Bengaluru
The non­IT sector is seeing
the highest growth in data
science and analytics em­
ployment, with the BFSI sec­
tor accounting for one­third
of these job openings in In­
dia, according to a report by
ed­tech platform Great
Learning.
This growth has been
driven by the use of new
technologies such as AI/ ML
and big data analytics, to en­
hance operations such as risk
management, fraud detec­
tion, and customer service.
With data science being
used in almost every func­
tion, financial institutions
are beginning to hire a lot
more personnel to make bet­
ter decisions, the ‘Analytics
and Data Science Jobs Re­
port 2023’ noted.
DE-GROWTH
While data­driven decisions
remain critical to organisa­
CM
YK
RBI tells lenders to release property
papers within 30 days of repayment
ACTING TOUGH. In case of delay, lenders will have to pay the borrower ₹5,000 for each day of default
Our Bureau
Mumbai
The Reserve Bank of India
(RBI) has asked lenders to re­
lease all the original movable/
immovable property docu­
ments and remove charges re­
gistered with any registry
within a period of 30 days after
full repayment/ settlement of
the loan account.
Further, the lenders need to
mention the timeline and
place of return of original
movable / immovable prop­
erty documents in the loan
sanction letters issued on or
after the effective date.
The aforementioned direct­
ives, which are part of RBI’s
circular on “Responsible
Lending Conduct – Release of
Movable / Immovable Prop­
NCLT rejects Torrent’s plea for staying DLF eyes 20% more retail rental revenue in FY24
RCap resolution till SC makes a decision
Anshika Kayastha
Mumbai
The Mumbai Bench of the Na­
tional Company Law Tribunal
(NCLT), on Wednesday, re­
jected Torrent Investments’
plea for putting a stay on Reli­
ance Capital’s resolution pro­
ceedings till the apex court
makes a decision on a pending
plea. NCLT said that while SC
had reserved the rights of the
parties to participate in the
resolution process, Torrent
Investments neither partook
in the extended challenge
mechanism nor submitted a
resolution plan.
Further, SC had made it
clear that the matter is to be
“kept in abeyance until the
parties have had an opportun­
The malls are being built with
an eye to providing holistic
entertainment and cultural
experience to visitors and
customers BIJOY GHOSH
are being developed in part­
nership. The land for the
malls have been mostly ac­
quired by the company.
Ali said that compared to
the malls it had built and de­
veloped earlier, it’s under­
construction malls are of
This growth has been driven
by the use of new
technologies such as AI/ ML
and big data analytics, to
enhance operations
tions, the overall number of
jobs in data science and ana­
lytics has seen de­growth in
the last 12 months. A com­
bination of factors — includ­
ing the prevailing global
macroeconomic uncertainty
— impacts these roles, espe­
cially in the IT industry, the
report noted.
Open jobs for analytics
and data science in domestic
non­IT firms increased by 20
percentage points compared
RESPONSIBLE LENDING. The directions come in the wake of
divergent practices followed by lenders
erty Documents on Repay­
ment/ Settlement of Personal
Loans”, come in the wake of di­
vergent practices followed by
lenders in release of movable /
immovable property docu­
ments leading to customer
grievances and disputes.
IN THE PIPELINE
NCLT said that
Torrent
Investments
neither partook in
the mechanism nor
submitted a
resolution plan
ity to obtain circulation and
interim orders of stay in the
proceedings”. However, even
though the appeal was listed
before the apex court twice in
March and August, SC did not
stay the proceedings before
NCLT.
RESULTANT LOSS
The Bench also acknowledged
the CoC (committee of cred­
itors)’s claim that the pen­
over 1 msf of space. “The way
things are changing we have
decided to operate on a large
scale,” he said. The company
has malls, which will be com­
ing up all over the country
such as Goa, Kochi, Chennai,
Hyderabad, Mumbai, and
Bengaluru, where it has four
malls.
The malls are being built
with an eye to providing hol­
istic entertainment and cul­
tural experience to visitors
and customers. It has also
opened a centre for perform­
ing arts in Bengaluru that can
seat 3000­4000 people, aud­
itorium, and space for live
music concerts.
About a quarter of the
space in the malls is occupied
by food and beverages
brands while the fashion seg­
ment space has commensur­
ately reduced compared to
earlier.
to last year. The share of IT
sector jobs among the over­
all data science and analytics
jobs has seen a significant re­
duction since last year. This
can be attributed to global
recessionary trends, espe­
cially in the US and Europe,
where a lot of IT sector cli­
ents are located.
Similarly, jobs in energy
and utilities as a percentage
of the whole dropped com­
pared to 2022, whereas those
in retail & CPG and pharma
& healthcare have risen this
year.
The maximum openings
for data science and analytics
jobs in India in 2023 were in
MNC IT & KPOs as these or­
ganisations typically work
with larger clients and, as a
result, manage large
amounts of data.
However, their share of
data jobs has dropped over
the previous year, due mainly
to recessionary macroeco­
nomic scenarios in the west­
ern world impacting the sec­
tor, the report said.
The directives are applic­
able to regulated entities/ REs
­­ banks, non­banking finance
companies (NBFCs), includ­
ing housing finance compan­
ies (HFCs), and asset recon­
struction companies (ARCs).
The borrower should be
dency of the resolution plan is
resulting in a weekly loss of
₹42 crore to members. “Con­
sidering the aforesaid back­
drop of facts and circum­
stances, it is appropriate that
the resolution plan applica­
tion be heard. With the afore­
said observation, (the plea)
stands disposed of as rejec­
ted,” the NCLT order said.
Torrent argued that resolu­
tion plan should not be heard
since the matter is sub judice
before SC wherein the chal­
lenge mechanism itself is
questioned. Further, if the
NCLT proceeds to hear and
decide the plan approval ap­
plication, the plea before the
SC will be rendered “infructu­
ous and the same will be con­
trary to the principle of judi­
cial propriety”.
Bombay Dyeing
to sell 22­acre
plot for ₹5,200 cr
to Sumitomo
Press Trust of India
Mumbai
Japan's Sumitomo Realty &
Development Company will
buy a 22­acre land parcel in
central Mumbai from Bom­
bay Dyeing for ₹5,200 crore,
the Wadias­run company
said on Wednesday.
The sale of the land parcel
in Worli is one of the biggest
land sale transactions in the
history of the financial
capital.
Sumitomo's subsidiary
Goisu will be paying for the
acquisition in two phases,
which will include ₹4,675
crore initially and ₹525
crore later on completion of
certain conditions, as per an
announcement made by
Bombay Dyeing to the
exchanges.
bl Cerebration quiz sees With second plant, General Mills India
record numbers in prelims to double manufacturing footprint
Our Bureau
Chennai
The 20th edition of the bl
Cerebration, presented by
the JK Tyre Range series, has
closed its registrations with a
record participation of over
6,000 individuals taking the
online test. This prestigious
corporate quiz champion­
ship, organised by The Hindu
businessline, is open to cor­
porate executives, business
professionals, and undis­
covered bright minds with a
grand prize of up to ₹1.5
lakh.
The top six contestants
from each city will now ad­
vance to the virtual regional
finals. The schedule for the
preliminary round is as fol­
lows: Bangalore ­September
17 at 5 pm; Hyderabad ­
September 23 at 11 am; Ko­
chi ­ October 2 at 11 am;
Delhi ­ October 7 at 11 am;
Chennai ­ October 15 at 11
am; Mumbai ­ October 22 at
11 am. The national finals, a
given the option of collecting
the original movable / immov­
able property documents
either from the banking outlet
/ branch where the loan ac­
count was serviced or any
other office of the RE where
the documents are available,
as per her / his preference, per
the circular.
PROCEDURE
In order to address the contin­
gent event of demise of the
sole borrower or joint borrow­
ers, the REs need to have a well
laid out procedure for return
of original movable / immov­
able property documents to
the legal heirs. Such procedure
has to be displayed on the web­
site of the REs along with other
similar policies and proced­
ures for customer
information.
Janaki Krishnan
Mumbai
Revenue from retail assets
(malls) of DLF Ltd is expec­
ted to rise 19­20 per cent
year­on­year in FY24, driven
by higher consumption,
more footfall at malls, and
higher lease rental charges.
“Lease rents have gone up
30 per cent above pre­Covid
levels,” Pushpa Bector,
Senior Executive Director
and Business Head, DLF Re­
tail, told businessline on the
sidelines of the 19th edition
of MAPIC India, a retail in­
dustry summit.
The company, which cur­
rently has around 4.5 million
square feet (msf) of retail
portfolio, has malls under
construction, which will
take its holding to 6 msf,
while those in the planning
Lodha to seek investor feedback on using surplus cash
Janaki Krishnan
Mumbai
Macrotech Developers,
which sells houses under
the Lodha brand name, ex­
pects to have abundant cash
surplus in the current fiscal
year and will be seeking
feedback from investors
whether to use it to cut
debt further or spend it on
business development.
The company has a goal
of reducing its debt­to­
equity ratio target to below
0.5 by the end of FY24. It
expects that even after re­
ducing its debt level to its
stated target and spending
on business development, it
would have extra cash sur­
plus of ₹2,000 crore, that
can be used for further debt
reduction or for new
projects.
The management of the
real estate developer re­
cently interacted with Jef­
feries at its Asia Forum.
live on­ground event, will
take place at the BSE in
Mumbai. On October 29,
winners of the regional finals
from six cities will compete
for the coveted title. The
schedule for the all­India fi­
nals is from 10:30 am to 1 pm.
The prize money for the
winners is substantial, with
the first prize being ₹75,000,
the second ₹50,000, and the
third ₹25,000. JK Tyre
Ranger Series is the title
partner for this event, in as­
sociation with BSE. SBI,
Greyon Cosmetics, and
Parker Pens are the associate
partners, with News X
as the TV partner.
In case of delay in releasing
of original movable / immov­
able property documents or
failing to file charge satisfac­
tion form with relevant re­
gistry beyond 30 days after full
repayment/ settlement of
loan, the RE is required
to communicate to the bor­
rower reasons for such delay.
RBI said, in case where the
delay is attributable to the RE,
it has to compensate the bor­
rower at the rate of ₹5,000 for
each day of delay.
In case of loss/damage to
the property documents,
either in part or in full, the REs
should assist the borrower in
obtaining duplicate/certified
copies of the movable / im­
movable property documents
and should bear the associated
costs, in addition to paying
compensation.
stages will take it to 9.5 msf.
The projects include an up­
coming mall in Goa, a mall
anchoring a residential pro­
ject in Delhi, expanding DLF
Promenade in Vasant Kunj,
and the ambitious Mall of
India in Gurugram, which is
yet to be launched.
The retail assets of DLF
EXCESS LIQUIDITY. The company expects that even after
reducing its debt level to its stated target and spending on
development, it would have a cash surplus of ₹2,000 crore
The company ended the
June quarter with a net
debt of ₹7,260 crore, a bit
higher than the ₹7,180
crore as on March 31, as it
took on debt to fund its ex­
pansion plans. It had pre­
sales of over ₹12,000 crore
in FY23.
The management expects
to end the current year with
₹14,500 crore of bookings, a
growth of 20 per cent from
a year ago. It also plans to
Our Bureau
New Delhi
General Mills India, part of
US­based packaged food
major, General Mills Inc., is
setting up a new plant in
Maharashtra with an invest­
ment of about ₹100 crore.
This will help the com­
pany double its manufac­
turing footprint in the
country.
This company added the
facility will serve as the epi­
centre for manufacturing
Pillsbury baking mixes for
the Indian market and is ex­
pected to be operational by
August 2024.
The new plant will be
General Mills’ second man­
ufacturing facility for Pills­
bury Baking Mixes in India.
The company held the
groundbreaking ceremony
of the new plant on
Wednesday.
“India is among General
Mills’ priority markets
worldwide. In recent years,
news . bl . 5
Sanjiv Kapoor is new
CEO of Saudi’s flyadeal
Aneesh Phadnis
Mumbai
Aviation sector veteran
Sanjiv Kapoor has assumed
charge as chief executive of­
ficer of Saudi Arabian low­
cost carrier flyadeal.
Kapoor, who was CEO­
designate of Jet Airways,
served as an adviser to the
Director General of Saudi,
the country’s national air­
line before taking up the
new role.
flyadeal is the low­cost
arm of Saudia. An internal
announcement of Kapoor’s
announcement as the CEO
was made on Tuesday. He
declined to comment.
FLYADEAL
Kapoor, who is a US citizen,
replaces Con Korfiatis who
headed flyadeal since its
launch in 2017. Under his
watch, the airline grew its
fleet and expanded its net­
The projects include
an upcoming mall in
Goa, a mall anchoring
a residential project in
Delhi, expanding DLF
Promenade in Vasant
Kunj, and the
ambitious Mall of
India in Gurugram,
which is yet to be
launched
come under its rental arm
DLF Cyber City Developers,
where it holds 66.67 per cent
stake while the rest is with
the Government of Singa­
pore Investment Corpora­
tion (GIC).
TIGHT LEASING
Bector said leasing activity
add projects with a revenue
potential of ₹18,000 crore,
of which ₹12,000 crore has
been already achieved. The
company said at the forum
that it was utilising busi­
ness development oppor­
tunities to raise the quality
of its projects as well as
margin profile.
PREMIUM RESIDENCES
Premium and luxury resid­
ences are seeing more sales
Balki Radhakrishnan, Vice­
President and MD of Global
Emerging Markets, General
Mills
our business in India has
consistently accelerated
growth and the new manu­
facturing plant reinforces
our dedication to growing
in India by delighting more
consumers and catering to
evolving consumer needs.
The decision to double pro­
duction capacity with the
new plant is a testament to
General Mills’ commitment
Kapoor’s appointment means
another West Asian airline will
have a person of Indian origin
at its helm PTI
work within West Asia, Tur­
key and Central Asia.
According to a FlightG­
lobal report, flyadeal is the
third biggest airline in Saudi
Arabia with 11 per cent
share of seat capacity.
Saudi Arabia which is di­
versifying its economy to re­
duce dependence on oil re­
cently announced the
launch of a new airline­ Riy­
adh Air.
for its under­construction
malls, which are slated to
open in 2025, will start from
October this year and reach
completion by the end of
2024. “We have a tight leas­
ing timeline,” she added.
The company is mainly
looking at high­end luxury
brands and its anchor ten­
ants are usually gourmet su­
permarkets, rather than the
usual hypermarket chains.
“We’ve never been hugely
positive about hypermar­
kets because a lot of real es­
tate space goes away,”
Bector said. Post­Covid,
with consumption coming
back in a big way, malls are
exploding.
According to JLL India,
the mall stock is expected to
increase by around 43 per
cent to reach 127 msf by
2027­end from the current
level of 89 msf.
compared with low­income
and affordable housing,
where demand has been hit
by the higher mortgage
rates as well as an increase
in housing prices. Accord­
ing to Lodha’s management
new launches at the higher
end of the market were see­
ing brisk interest from
homebuyers even before
the formal launch of the
projects.
Lodha has always main­
tained that it would tread a
balanced line between af­
fordability and hiking home
prices, with home price in­
flation lagging wage
inflation.
The real estate developer
is ensuring that its prices in
key markets do not rise
beyond 6­8 per cent ensur­
ing affordability for those
who are interested in buy­
ing houses. It observed that
while demand was intact,
supply was not high enough
to cause an inventory
build­up.
to the growth and success
of the baking community,”
said Balki Radhakrishnan,
Vice­President and Man­
aging Director of Global
Emerging Markets at Gen­
eral Mills in a statement.
Pillsbury introduced its
baking mixes to India in
1999. The company believes
the new plant will
strengthen Pillsbury’s posi­
tion in the segment.
BAKERY INDUSTRY
“The bakery industry in In­
dia is witnessing remark­
able growth. The new facil­
ity will mark Pillsbury’s
commitment to serving
more bakers in India and
supporting their business
growth,” said Anand Khur­
ana, country director for
General Mills India.
Headquartered in Min­
neapolis, Minnesota, USA,
General Mills portfolio in­
cludes brands such as Betty
Crocker, Cheerios, Nature
Valley, Blue Buffalo and
Haagen­Dazs among others.
... . . . . . . BM­BME
6 . bl . think
THURSDAY ­ SEPTEMBER 14, 2023
Is this the ‘mother of all bull markets’?
The Nifty50 has been in a structural uptrend over last two decades. This could continue, but with sporadic corrections
Cloudy outlook POINT
BLANK.
Lower August retail inflation, a minor relief
LOKESHWARRI SK
T he lower August retail inflation print
I
nvestors who have watched the
compared to the previous month does not pre­muhurrat day chat shows on
CNBC TV18, where market
necessarily mean that inflation worries experts decked in festive finery
have receded. At 6.8 per cent, it is well above the give rosy predictions about the
Reserve Bank of India’s threshold of 6 per cent, but market, will recall late Rakesh
Jhunjhunwala’s words. Every year,
lower than July’s 7.4 per cent, which was a 15­month irrespective of the prevalent trend or the
high. For the July­September inflation to wind up at mood in the market, he would say, with
the RBI’s projected level of 6.2 per cent, the high degree of conviction that the
‘mother of all bull markets’ is going to
September inflation must not exceed 4.4 per cent, come in Indian stock market soon,
which looks a tall order. Inflation is likely to be in the rewarding all investors.
5­6 per cent range in the remaining two quarters. A look at the long­term chart of the
Nifty50 (see accompanying chart) as the
It remains to be seen whether the RBI’s Indian benchmark crossed the 20,000
inflation projection of 5.4 per cent for FY24 milestone this week, shows that the sage
investor knew what he was talking
can be met, in view of a deficit monsoon so about. The Indian market has been on a
far and the likelihood of election spending stellar run over the last two decades.
exerting pressure on prices. To be sure, This structural bull market has been
downward pressures on inflation are at in place since 2002, when the Nifty50
was at 920. As the economy opened to
work. For instance, tomato inflation, which foreign investments and reforms lifted
blew up the July inflation numbers, has growth rate, Indian stock market has
fizzled out. As a result, inflation in been among the best performers this
vegetables, which account for a weightage century. The race from 920 to 20,000 in
the Nifty50 was marred by just two steep
of 7.5 per cent in the overall CPI, with TOP corrections, one in 2008 when the index
(tomato, onion and potato) accounting for declined 65 per cent and then in 2020,
a third of the vegetables index, too when the fall was around 40 per cent. In
retreated a bit to 26.1 per cent against 37.3 both these corrections, the rebound has
per cent in July. However, vegetable price been extremely fast, taking most
investors unawares.
inflation, which is largely seasonal, is In fact, long­term investors, who
pronounced this time due to poor rain. A would have continued to hold their
cut in LPG cylinder prices by ₹200 brought positions, would not even have noticed
down August inflation by 20­30 basis the fall.
Needless to add that investors who
points, while the incremental CRR too held on to their stocks since early 2000
sucked out liquidity and played a role in would be sitting on a tidy pile of money.
curbing price rise. These factors would But has this long­term rally run its
continue to play a role in reducing price rise course? Most indicators point towards
the rally extending further, promising
in coming months, even as the RBI is some exciting times ahead. Market
winding down I­CRR gradually to ensure regulator, SEBI, will however need to be
that businesses are not hit by tight liquidity. on its toes to ensure that excessive froth
Core inflation, at 4.8 per cent, is moderate does not build in the market and that the
but sticky due to inelastic demand for onward journey is smooth.
services such as health, education and IS THE RALLY OVER-EXTENDED?
telecom. The 20,000 milestone in the Nifty50 was
However, inflation could stay above accompanied by some jitters with a fund
normal. With reservoir levels at 62 per cent house withdrawing its
recommendations on small­cap stocks.
of their live storage capacity, against the There was also a widespread selling in
10­year average of 86 per cent, the outlook PSU and small­cap stocks, which had
on foodgrain output for both kharif and witnessed speculative rallies over the
rabi is not exceptional. It is notable that past month.
food output growth has outpaced
population growth in recent years, going by
official figures. Even so, cereals and pulses
prices have been elevated (and rising at
double digits for about a year), while milk
prices too have been rising at about 8 per
Lenders can step in to fix corporate family feuds
cent. This is a scenario of stubborn rather
than ‘seasonal’ inflation, for which a host of Banks can look at setting up special cells to resolve family disputes within companies
structural factors and policies are perhaps
responsible. R Anand
The RBI and Finance Ministry must
grapple with this question. While balancing
I
n the recent past family owned
growth and inflation goals, they must companies have had to deal with
disgruntled and frustrated
prioritise the latter for now to protect shareholders. This is not only a huge
purchasing power and quality of food distraction to the management but also
consumption. Higher inflation, led by food, impacts the employees adversely.
can compress demand. Inflation remains Prolonged shareholder disputes also
truly intriguing in India today. It exists impact the brand value of the company.
But there are no textbook solutions for
amidst islands of price depression, as in the such family feuds.
FMCG sector where corporate toplines are The key reasons are mistrust among
flat. The impact of relative price changes on the shareholder family members
consumer behaviour needs to be coupled with a desire to occupy key
positions in the company. The issue
understood. becomes more complicated if positions
are demanded based purely on
shareholding or birthright rather than
merit. Another tricky question is how
lending agencies should look at the issue
POCKET RAVIKANTH of family feuds. Should they adopt a
hands­off approach or take proactive
effort to ease the tensions?
Lenders often stay out of such family
disputes and focus more on the loan
outstanding and the prompt payment of
interest. The reason being that it is not
the job of the lender to intrude into the
internal matters of the company.
Arbitration or mediation in a dispute
LETTERS TO EDITOR Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859­860, Anna Salai, Chennai 600002.
Dynamic non­alignment
This refers to the article ‘India can no
longer remain non­aligned’
(September 13). In this century
global politics is in flux, fast­moving
and alarmingly dominated by the
self­interest of nations. India too has
moved from Jawaharlal Nehru’s
static non­alignment to Narendra
Modi’s dynamic non­alignment in
which political moves change quickly
tilting the balance between
pro­or­anti power blocs quickly but
still maintaining an aura of neutrality.
This is a very difficult and intricate
game of power politics involving
powerful nations and yet India has
made its presence felt. This was
evident in the conduct of G20,
particularly New Delhi declaration
which referred to the Ukraine war in
a manner that kept Russia, China and
Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai­600002 and Printed by N. Vaidyanathan at Dangat Media Pvt Ltd, No. 22, Dighe MIDC, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai­400701 on behalf of THG PUBLISHING PVT LTD., Chennai­600002. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act).
CM
YK
But this scepticism is a good sign as it
implies that the market has not peaked
yet. Bull market peaks are formed
amidst excessive optimism with most
analysts giving lofty targets for the
market. This time around, the general
mood appears rather circumspect.
Besides, the 20,000 level in the
Nifty50 is just a number and does not
signify anything. In fact, the gains in the
Nifty50 so far this year at around 10 per
cent is lesser compared to other
benchmarks such as Japan’s Nikkei (25.6
per cent), S&P 500 (16.8 per cent) and
South Korea’s Kospi (13.4 per cent).
The Nifty50 has, in fact, been trudging
sideways since October 2021, allowing
Bull market peaks are
formed amidst excessive
optimism with most
analysts giving lofty targets
for the market. This time
around, the mood appears
rather circumspect.
DISRUPTIVE IMPACT. Family rows for corporate control can be harmful /ISTOCKPHOTO
between the shareholders is not the
mandate of a lender. The tipping point
will be when such squabbles affect the
company’s financial performance. If it
does, the lender may need to step in to
stem the rot. The million dollar question
is when and how do they step in?
24/7 MONITORING
Banks now realise that lending is a 24/7
activity. As part of the monitoring
process it is now increasingly felt that
lending agencies should raise some
questions to companies when
shareholder disputes crop up, more so,
when they get discussed widely in the
US satisfied.
The future politics will be more
complex, but we can trust the
present government to change its
position to suit India’s concerns.
YG Chouksey
Pune
Declining retail inflation'
Apropos 'Retail inflation dropped to
6.8% in Aug as veg, edible oil prices
fall' (September 13), while the
vegetable prices led by TOP (tomato,
onion and potato) have already
moderated in August, cereal prices
still continue to be high.
For sure, such a development must
have come as some music to the ears
of the RBI. So it’s hardly a surprise
that analysts see no change in the
‘repo rate’ when the Monetary Policy
Committee (MPC) meets next. Also
valuations to moderate as earnings
growth picked up. The break­out this
week, if it sustains, could herald a fresh
leg of the structural uptrend in the
market. Fundamentals too support this
prognosis with India Inc reporting
strong earnings, not just among large
cap companies, but among mid­ and
small­cap companies too. The return of
the FPIs this year, coupled with the
demand from the growing number of
domestic investors will ensure than
corrections are not too deep.
VALUATIONS AND EARNING
In the column “Return of FPI flows to
roil market valuation” published in May
this year, we had pointed out that Indian
market is rightly priced and continued
FPI flows will make stocks overvalued.
But India Inc has performed
extremely well in the first quarter of
2023­24, with net profit growth
exceeding 30 per cent for the entire
listed universe. Though revenue growth
was lower due to fall in inflation,
operating profit has improved with
manufacturing companies benefiting
media. Lenders now need to protect the
interests of shareholders not just their
loans.
Banks garner deposits from the public
and in turn lend them to corporates
which are prone to disputes.
Just as auditors are expected to deal
with the society’s expectations and look
at “Substance over Form” the same is
true for lenders as well. A proactive
approach by banks may result in the
settlement of the dispute which
otherwise could have taken years
through the legal process.
There are examples of lending
agencies notably NBFCs getting actively
interest rates on bank loans may addressed by fintechs.
remain unchanged, a relief for Even commercial banks are showing
borrowers. interest to participate in co­lending
Weather conditions also play a very with fintechs and this is likely to pick
crucial role in keeping the ball rolling up pace, if fintechs follow set
on this front. So let us better 'wait standards and best practices.
and watch' the extant encouraging Having Self­regulatory Organisation
trends for some more time before would push the fintechs to quickly
both 'power that be' and the central adopt best practices and lead to an
bank start feeling so happy orderly and customer­centric
thereabout. growth of the sector.
SK Gupta Kosaraju Chandramouli
New Delhi Hyderabad
Apropos the news report that ‘Talks IMEC opportunities
on for fintech regulator; framework With reference to the BL Explainer
by fiscal­end’ (September 13), is a ‘India­ Middle East Europe Economic
welcome development that would Corridor vs BRI’, the corridor will not
help in structured regulation as well only bring India and Europe closer
as growth of the fintechs. but it will also enable cheaper and
However, data privacy and data faster business activities.
security issues needs to be Also countries will not fall into
MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
from falling input prices. The country’s
investment led growth is likely to help
cyclical industries such as banking,
infrastructure and real estate. Though
consumption could take a hit due to
higher interest rates and inflation,
demand for premium products will
protect margins of FMCG companies.
At current trailing 12­month price
earning multiple of 23 times, the Nifty50
is close to its 10­year average of 22.3
times and well below the peak of 32
times recorded in October 2021. It’s true
that the Nifty50 is pricier than its
emerging market benchmarks and
enjoys a valuation premium like S&P 500
(PE of 22) and Nasdaq Composite Index
(PE of 39 times), but the premium can
be justified by the stellar earnings
growth of the Indian companies. Foreign
investors appear to be ready to pay a
higher price for Indian companies,
which are likely to record better growth
compared to their peers in other
emerging or advanced economies.
POCKETS OF SPECULATIVE
ACTIVITY
The strong earnings performance is not
limited to just the top 50 companies.
According to Bloomberg, companies in
the Nifty Midcap100 and Nifty Small cap
100 indices too reported robust
operating and net profit margins in
recent quarters.
With price earning multiple at 28.3
times and 21.1 times, the mid­ and
small­cap indices do not appear too
overvalued either. The Covid­19
pandemic, which benefited the larger
companies, helping them garner
business from the unorganised sector,
appears to have tilted the scales in
favour of listed companies overall.
That said, it can not be denied that
some counters in the market have been
witnessing heightened speculative
activity in the last couple of months.
Retail investor activity too appears to
have picked up in recent times, going by
the growth in demat accounts last
month and the jump in cash market
volumes in August.
This is not surprising as participation
tends to get more broad­based as rallies
mature and the action also spreads to
more counters. The regulator and the
exchanges will however have their work
cut out in trying to check fraudulent
practices while allowing trading to
continue in a non­disruptive manner.
Care should also be taken to not change
regulatory policies too often so that
foreign portfolio investors are not
disincentivised from operating in India.
involved in arbitrating family feuds not
necessarily to recover their dues but also
for the overall larger good of the family.
The best example is the involvement of
senior banker KV Kamath in mediating
the Ambani brothers dispute.
There is precious little that regulators
can do in resolving these matters on a
preventive basis. SEBI’s recent move to
mandate all listed companies to disclose
all family arrangements to the public is a
laudable initiative.
Banks and lenders should seriously
examine setting up a “Family
Counselling Cell” with experienced
professionals to take on the
responsibility of solving vexatious
shareholder disputes at early stages
itself rather than stepping in when
things go out of control.
The need of the hour is to protect the
interests of all stakeholders. A telling
statement by a senior family
professional sums it all: “The only
shareholder right a family member has is
to discharge his duties and not demand
his rights”.
If this is understood there would be
no shareholder/family disputes. But that
is easier said than done.
The writer is a chartered accountant
China's debt trap anymore. This
corridor will connect rail and port
facilities across West Asia. First part
of this mega project will connect
India with West Asia and the second
part will connect West Asia with
Europe.
Today a container has to go through
the Suez canal, but through this
corridor the journey from Mumbai
to Europe will be faster.
As much as 40 per cent of total
business can be routed through this
and which is bound to make trade
cheaper, faster and more profitable.
Expansion of logistics, infrastructure,
communication and green hydrogen
pipeline will boost significant
employment opportunities and
create new supply chains.
Bal Govind
Noida
ISSN 0971 ­ 7528
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 think . bl . 7
MUMBAI

businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023

BRICS and more bricks

The enhanced 11­member group is too disparate
RAHUL CHAKRABORTY
SHRI PRAKASH
AMERICAN
PERISCOPE.

O
nce a formidable force,
carrying around 70 per
C GOPINATH cent of domestic freight
in the late 1970s, the

T
he BRICS group that
comprises comprising
Brazil, Russia, India, China
and South Africa, at its recent
August meeting, decided to add
six more members. These include
Iran, Saudi Arabia, the UAE,
Egypt, Ethiopia and Argentina. It
is so new that their website does
Indian Railways (IR)
gradually lost its dominance to road
transport and presently accounts for
less than 30 per cent market share. Last
MIXED BAG. The addition of six year, the Railways formulated the
new members may not pay off National Rail Plan that envisions
achieving a rail­share of 45 per cent in
freight transport by 2030­31.
JOTHI RAMALINGAM B
something to write about. A massive capacity augmentation

Rail freight policy

not yet disclose this development.
The BRICS member countries
hope to ‘restructure global
political, economic and financial
architecture’ to be ‘fair, balanced
The new BRICS have a model programme has been launched to cater
they can follow for to the future transport demand.
ineffectiveness. I bring to your Additionally, the Railways has initiated
attention a group called the several marketing policies in
SAARC — the South Asian partnership with the private sector to

and representative.’
The group first came together
as four countries (minus South
Africa) because an analyst at
Goldman Sachs, investment
bankers, saw them as fast growing
with great investment potential.
That’s what bankers do, find
targets, and the acronym was
catchy.
The four countries took the
idea up and started meeting
formally in 2009. South Africa
joined in 2011. Meanwhile, times
changed and there seemed to be
less economic logic to their
sticking together as the
economies of some of the
members tanked.
With less internal cohesion or
commonality, but still large in
size, they stuck together. Other
countries started seeing the group
with the potential of rivalling
Western democracies. The only
way that could be argued is by
doing some contrived arithmetic,
such as adding their populations,
land areas, and perhaps bricks
used in household construction to
claim rivalry with the West.
SERIOUS DIFFERENCES
The addition of the six new
members provides more support
for the arithmetically inclined but
less logic. The 11­member group
can now claim 46 per cent of the
world’s population, 43 per cent of
oil production and 37 per cent of
the GDP, though how that matters
is less clear. They are a mix of
democracies, autocracies and
monarchies.
There is a wide range of per
capita income within the group as
well as serious differences on
various issues. But yes, their
bureaucracies will benefit with
new departments created, and
officials jetting across the world
writing memoranda to be
released. How they will work to
reshape the global order will
provide plenty of entertainment
to columnists who also need
Association for Regional
Cooperation. This includes eight
countries — Afghanistan,
Bangladesh, Bhutan, India,
Maldives, Nepal, Pakistan and Sri
Lanka. If you find any common
logic other than geography, please
let me know. It remains frozen in
inaction because its two largest
members, India and Pakistan,
can’t get along with each other.
Their website says they have no
upcoming events and their last
press releases were in 2020. But
ah, you can be sure there are
government officials employed
for not conducting events.
Although India­Pakistan
disputes have stymied SAARC,
Indo­China border skirmishes
have not yet blunted their trade.
That may provide some promise
that BRICS (or whatever their
new name will be) can stumble
along. And they have a new
development bank going too.
Although the original BRIC was
put together by outsiders, they
saw a role in calling from UN
reform, and revising global
governance structures, and not as
an anti­West grouping. And so
that should suggest to us that the
emergence and mushrooming of
these groupings signifies a
different issue, namely, the
growing irrelevance of the UN.
The Secretary General regularly
visits Ukraine, presumably to talk
of Sustainable Development
Goals, when there is a break in the
bombing and drone attacks. Now
there is a cause some one of these
new groups can take up — peace
in Ukraine.
Meanwhile, with all the glitz
and glamor, the G20 ended with
the promise that the African
Union (with 55 member
countries) will formally be joining
the G20, presumably making it
the G21. All these alphabet soups
are being continuously stirred.
The writer is an emeritus professor at Suffolk
University, Boston
enlarge its commodity­basket beyond
traditional bulk commodities. For the
first time, the Railways lifted 1.5 billion
tonnes of revenue­earning freight traffic
in 2022–23, clocking a 7 per cent
year­over­year growth.
However, this level of growth is not
unprecedented — during the Tenth Plan
(2002­03 to 2006­07), the CAGR of
freight­loading was 8 per cent; but
thereafter, the performance of the
Railways has been sluggish. For
achieving a reasonable 45 per cent
market share in the next 7­8 years, the
Railways will have to log a CAGR of over
11 per cent in freight­loading. This will
be possible only by launching aggressive
marketing and competitive pricing
policies along with the on­going capacity
expansion programme.
For the last 10 years, the Railways has
been trying to capture non­bulk traffic,
particularly automobiles and
containerised movement of other
high­value and mid­value commodities
but with limited success. Even the
diminishing share of the Railways in
transporting its ‘bread­and­butter’
price­inelastic bulk­commodities is
worrisome and requires urgent scrutiny.
Both pricing policies and non­price
factors are responsible for the declining
importance of the Railways in freight
transport, but the former appears to
have got scant attention from
policymakers.
Two key factors play a role in freight
pricing administered by the Railways:
cross­subsidising the loss­making
passenger operation; and
fully­distributed pricing owing to the
existence of joint­costs. Both of these
translate to suboptimal freight pricing
by the Railways. Fully­distributed
pricing particularly adds to inefficiency
as goods carried by the congested routes
are priced less, leading to increased
China’s territorial advances must be curbed
Richard Chen
needs overhaul
CHANGE TACK. A competitive, market­driven pricing policy
will help the Railways reclaim lost market share
congestion, while the underutilised
routes are charged more, keeping these
underutilised. The responsibility of
price setting is exclusively vested upon
the Central Government, that is, the
Railway Board, as a result, freight pricing
is rigid and centralised in an
ever­evolving freight market.
The Railways follows a uniform tariff
structure across the country as both
‘cost of service’ and ‘value of service’ are
determined nationally. This policy is
unable to accommodate any regional
variations, and has severely eroded
dynamism from rail freight pricing,
unlike the trucking industry. Although
the Railway Act empowers the zonal
railways to set station­to­station rate by
providing concessions between a select
pair of origin­destination for any
commodity, it is used sparingly due to
the fear of scrutiny as rail fares are
administered by the Government and do
not work on commercial lines.
These factors make railway freight
rates highly uncompetitive. In fact, the
freight rates charged by the Railways are
among the highest in the world. In India,
The Railways follows a
uniform tariff structure
across the country as
both ‘cost of service’ and
‘value of service’ are
determined nationally.
countries. China not only includes the
above disputed territories in its map,
there is wide regional variation in
road­rates in contrast with the uniform
rail­rates throughout the country.
The thin cost advantage of the
Railways vanishes when the added costs
associated with first and last miles are
taken into account; this has been
highlighted by Economic Survey 2017­18,
too.
DYNAMIC TARIFFS
It is time the Railways initiated action to
make its pricing system competitive.
The Railways, operating as a monopoly
since its inception, should make tariffs
dynamic to take on its strong
competitor, the road sector, which
quotes tariffs on a daily basis.
Internationally, most of the major
railways have migrated to market­driven
tariffs as well as contract­pricing on
mutually agreed terms.
In the passenger category, the
Railways has implemented dynamic
pricing in a limited way, with some
success. However, the tariff­setting in
freight business largely remains
unchanged with continued class­based
uniform rating system.
In the absence of real­time
determination of costs service­wise, the
Railways will find the introduction of
marginal­cost pricing difficult. However,
it may consider such pricing on routes
with excess capacity. This will not only
allow the Railways to cover the
operational expenses, but also help in
distortion of UN General Assembly
Resolution 2758. This resolution
attracting new business on
underutilised routes.
The Railways is in the process of
migrating to accrual accounting and a
performance­based costing system, and
it is expected that deficiencies of
distributed­cost pricing may then
disappear.
However, reforming the tariff policies
must continue till the new accounting
system is in place, which may take longer
than expected.
The Railways may consider
introducing the ‘maxima­minima’
pricing system to infuse dynamism in
freight pricing. Under such a system, the
Railway Board will set a maximum
(possibly aligning with ‘what market can
bear’) and a minimum (‘break­even’),
and the zonal railways will be
empowered to set freight prices within
such a price range.
On experimental basis it can be
explored for commodities like cement,
where there is stiff competition from the
road sector. The freedom to the zonal
railways to set freight tariff without the
fear of any scrutiny will usher in
dynamism and competitiveness. These
freight­pricing reforms will complement
the present marketing and
infrastructure policies of the Railway
Board.
Chakraborty is Associate Fellow, TERI, and Prakash is
Distinguished Fellow, TERI, and a former Member
(Traffic) at Railway Board

O
n August 29, China published
its so­called “2023 standard
map” showing all of Arunachal
businessline. Pradesh, Aksai Chin and other parts of
Indian territories within its border.
The map was released just days after
TWENTY YEARS AGO TODAY. Chinese President Xi Jinping had met
with Prime Minister Narendra Modi
September 14, 2003 during the BRICS summit in South
Africa. India’s Ministry of External
Chhabrias add ‘interest’ to Herbertsons offer Affairs has lodged a strong protest over
The Chhabrias have revised the term of open offer for the shareholders of the Chinese territorial claims through
Herbertsons Ltd, which was made by them on August 21. Under the new terms, diplomatic channels.
they will pay 15 per cent interest on the offer price of ₹90.50 per equity share for China’s map also lays claim to the
all the shares accepted in the offer from February 25, 1995, until the date of entire South China Seas, which has no
actual payment under the offer. doubt drawn strong protests from the
Philippines, Malaysia and Vietnam.
BMW plans car plant in India China’s Foreign Ministry said that it’s a
The German automaker Bayerische Motoren Werke (BMW) plans to make its routine practice in China’s exercise of
premium cars in India by setting up a joint venture plant with a local automaker. sovereignty in accordance with the law
The company is in talks with various automakers in India, Asia’s fourth­biggest and hoped that relevant sides could
automobile market, to set up an assembly plant. stay objective and calm and refrain
themselves from over­interpreting the
Role for media in development: PM issue.
The Prime Minister, Mr Atal Bihari Vajpayee, sought the media’s support in the It would be easy for China to say so;
government’s vision of transforming India into a developed nation, achieving however, China itself has never
freedom from poverty, unemployment, and social and regional disparities. remained calm with respect to the
Inaugurating the 125th anniversary celebration of The Hindu here today, he said territorial disputes with other
that such a support would not be to any particular party, government or ideology.
but also resorts to military tactics,
escalating tensions at China­India
borders and in the South China Sea.
That’s what China means by remaining
calm.
China also clams Taiwan as its
territory, vowing to take control of
Taiwan and refusing to renounce the
use of force, despite never having ruled
Taiwan. For decades, the people of
Taiwan have remained calm in
safeguarding the status quo of peace
and stability across the Taiwan Strait.
China’s frequent use of military and
economic tactics to intimidate Taiwan
and other neighbouring countries in
recent years has posed a formidable
threat and challenge to security across
the Taiwan Strait, in Indo­Pacific
region and the world. Ensuring peace
and stability in the Taiwan Strait is in
everyone’s best interest. Half of the
world’s commercial container traffic
passes through the Taiwan Strait each
day. Taiwan produces the majority of
the world’s semiconductors and plays a
key role in the global supply chains.
Any conflict in the area would have
TAIWAN. In the crosshairs of China
disastrous consequences for the global
economy.
The leaders of the Group of Seven
(G7) issued a joint communiqué from
their summit in Hiroshima, Japan, on
May 20, reaffirming the importance of
peace and stability across the Taiwan
Strait as indispensable to security and
prosperity in the international
community.
While we can all agree that the war
must be avoided, how to best do so
requires inclusion, dialogue and, most
of all, unity. The United Nations
remains the best platform for global
discourse.
However, Taiwan continues to be
excluded from the UN due to China’s
neither states that Taiwan is a part of
the People’s Republic of China (PRC)
nor gives the PRC the right to
represent the people of Taiwan in the
UN and its specialised agencies. In fact,
the resolution only determines who
represents the member­state China, a
fact that the international community
and China itself recognised following
the relevant vote in 1971. The
subsequent misrepresentation of
Resolution 2758 contradicts the basic
principles upheld by the UN Charter
and must be rectified.
The UN should uphold its principle
of leaving no one behind by allowing
Taiwan to participate in the UN
system, rather than excluding it from
discussions on issues requiring global
cooperation. A good first step would be
to allow Taiwanese individuals and
journalists to attend or cover relevant
meetings, as well as ensure Taiwan’s
meaningful participation in meetings
and mechanisms.
The writer is Director­General, Taipei Economic and
Cultural Center, Chennai

BL TWO­WAY CROSSWORD 2371

EASY NOT SO EASY

ACROSS DOWN ACROSS DOWN

1. Baby­carriage (12)
8. Full of spirit, lively (8)
9. Bow, turn downwards (4)
11. German industrial city (5)
12. A Roman historian (7)
13. To act without words (4)
15. One seeing into the
future (4)
19. Uninterruptedly (3­4)
20. Low, woody plant (5)
22. Pastime (4)
23. Forsaken, abandoned (8)
24. One who reminds; officer
of exchequer (12)
2. Throws or gives out (5)
3. Move on! Begone! (6)
4. Very slight amount of wind (6)
5. Braced support (7)
6. Hand out anew (12)
7. Company executive, head of
selling (5,7)
10. To hole in one (3)
14. The smallest amount (7)
16. Pig pen (3)
17. Seem to be (6)
18. Behind or backwards
at sea (6)
21. German river (5)
1. The bassinet is to blame ­­ or u­part of it (12)
8. If lively, one will get married and get around (8)
9. Curve round which one is mad to be (4)
11. German industrial centre seen going around
the South (5)
12. Roman writer silently understood us (7)
13. He doesn't say anything when acting (4)
15. The prophet is one who will use his eyes (4)
19. Express without halting (3­4)
20. Rum sort of drink that grows naturally (5)
22. Is willing to be the spoil of the chase (4)
23. Having cried, let it become abandoned (8)
24. This Day in November the king appointed an
exchequer officer (12)
2. Puts it out when times are changing (5)
3. A way one will behave boastfully : begone! (6)
4. One needs no artistic talent to draw it (6)
5. The rest let it out that it was in support of the board (7)
6. If brute dirties it in such a way, hand it out afresh (12)
7. Company administrator who can cope with auctions,
no doubt (5,7)
10. Having one spot a service one can't get back (3)
14. Perhaps I'm in when Mother is around : that's the
least of it (7)
16. No alternative in a tale of a filthy place (3)
17. It will come into view quietly in a fruit (6)
18. A forbidding thing behind the sailor (6)
21. One may find her in a river abroad (5)

SOLUTION: BL TWO­WAY CROSSWORD 2370

ACROSS 1. Cherub 8. Ambit 9. Censure 11. Demented 12. Usury 15. Dive 16. May 17. Pail 19. Dummy 21. Muleteer 24. Tantrum 25. Lupin 26. Turret
DOWN 2. Heels 3. Rosaries 4. Bird 5. Haver 6. Obit 7. Stud 10. Eel­basket 12. Undo 13. Splutter 14. Play 18. Stone 20. Mouse 21. Milk 22. Lips 23. Rant

CM
YK ... . . . . . . BM­BME
8 . bl . market.radar
MUMBAI
For BSE/NSE live quotes, scan
the QR code or click the link businessline.
https://bit.ly/2FpossK THURSDAY ­ SEPTEMBER 14 ­ 2023

QUICKLY.
Bank of India raises
₹2,000 cr via tier II bonds
Mumbai: Bank of India on
Wednesday raised ₹2,000 crore
via tier­II bonds at 7.88 per cent
coupon rate through NSE’s
Platform. The public sector
bank said it received 83 bids
amounting to ₹3,770 crore. Of
these, it accepted 48 bids
totalling ₹2,000 crore. OUR BUREAU
Emkay Investment appoints
Manish Sonthalia as CIO
Chennai: Emkay Investment
Managers Ltd, the asset
management arm of Emkay
Global Financial Services Ltd, on
Wednesday appointed Manish
Sonthalia as Chief Investment
Officer. Sonthalia joins the Emkay
Strong rally propels Nifty PSU Bank
index to all­time high of 4,938 points
ALL­ROUND PERFORMANCE. PSBs turn attractive due to good set of numbers including NIIs, NIMs and rise in advances
Ashley Coutinho
Mumbai
The Nifty PSU Bank index hit
record high on Wednesday,
gaining 4.2 per cent to close at
4,938. The gauge has gained
10.5 per cent in September and
is up 56 per cent in the last one
year. In comparison, the Nifty
50 has gained 11.1 per cent in
the past year.
According to analysts, PSBs
have scored well on all fronts
such as growth in revenues
and net profits, robust rise in
advances, net interest income,
net interest margin and reduc­
tion in net and gross NPAs.
The top gainers on Wednes­
day were J&K Bank (9.4 per
cent), PNB (8.5 per cent) and
IOB (8.2 per cent). State Bank
of Indiawas up 1.4 per cent.
NEW INVESTING RULES
Banking stocks were in focus
after the RBI’s change in rules
for banks investing that be­
comes effective April 1, 2024.
This led to India’s bond yield
curve steepening on Wednes­
day, with shorter bonds rally­
ing more than longer­tenor
debt in line with global stand­
ards, according to experts.
“PSU banks are well­placed
in terms of credit growth, asset
quality and valuations, and
that’s the reason for the over­
all bullishness. A lot of these
stocks are not enough­owned
by institutions and traders are
buying in these counters in an­
ticipation of greater institu­
tional participation,” said
Deepak Jasani, head of retail
research at HDFC Securities.
India’s retail inflation eased
to 6.83 per cent in August from
7.44 per cent the previous
month, which might prompt
the RBI to lower rates sooner
than expected and indirectly
benefit banks.
“The chart pattern suggests
that this is just the beginning
of a rally, but intermediate cor­
rections cannot be ruled
out.The 4,600­4,450 range has
become a strong support zone.
If the index sustains above this
level, it could move up to the
5,800­6,000 range,” said San­
tosh Meena, Head of Research,
Swastika Investmart.
Meena believes investors
can add the top three PSU
banks — SBI, Bank of Baroda,
and Punjab National Bank —
to their portfolios. They can
also allocate a small portion of
their portfolio to smaller PSU
banks, as these stocks are high­
beta and have the potential to
generate higher returns.
The Nifty Pvt Bank index
was up 0.8 per cent on Wed­
nesday, with RBL Bank (4.6 per
cent) and IndusInd Bank (1.8
per cent) being the top gainers.
NIFTY ENDS AT 20K
The benchmark Nifty 50
closed above the 20,000 mark
for the first time. The gauge
rose marginally to settle at
20,070, 0.38 per cent higher.
PE investments dip 57%
in August at $651 million
KR Srivats
New Delhi
Private equity
investment stood
at $651 million
Private equity (PE) invest­ in August
ment into India declined 57
per cent year­on­year in Au­ Meanwhile, private equity
gust to $651 million ($ 1,496 fund raising activity too was
million), showed latest data down substantially in August
from Refinitiv, an LSEG busi­ at just $30 million ($508.57
ness. It was also substan­ million).
tially lower than July’s
$3,056 million investment.. FUND RAISING
Even for January to Au­ Till end­August this calendar
gust 2023, the quantum de­ year, the total PE fund rais­
clined by 55 per cent at $9.2 ing stood at $5,386 million
billion ($20.3 billion in Jan­ involving 34 firms and 37
Aug 2022). funds.
In calendar 2022, the total It maybe recalled that In­
investments stood at dia­based PE funds raised a
$27,586 million, lower than record $13.7 billion in 2022.
$44,275 million in previous Despite the challenging
year. environment, there is sub­
stantial capital waiting to be
FACTORS FOR DECLINE deployed, raising over $24
The PE investment flows billion from 2021 through
have been impacted by mac­ August 2023, in alternative
roeconomic uncertainty, growth and strong start­up
geopolitical headwinds and markets like India and
tight credit markets. Southeast Asia, experts said.

RR Kabel: Can wait to switch on as valuation appears pricey

group from Motilal Oswal AMC
Ltd where he served as an ED and
CIO for PMS, Alternates, and
Offshore Investments. OUR BUREAU
US stocks gain at open
on rate­pause hopes
Wall Street’s main indexes rose
on Wednesday as data showing
a moderate increase in
consumer prices in August at
0.6 per cent raised hopes the
US Fed could leave rates
unchanged in its September
meet. The Dow Jones was up
60.81 points at 34,706.80, the
S&P 500 gained 7.02 points at
4,468.92, and the Nasdaq 27.41
points at 13,801.03. REUTERS
Parv Shah
bl. research bureau
The initial public offering
(IPO) of wire and cables man­
ufacturing company RR Kabel
is open for subscription at a
price band of ₹983­1035 till
September 15. The total offer
is ₹1,964 crore, of which ₹180
crore is a fresh issue, while the
rest is an offer­for­sale,
wherein private equity firm
TPG is selling stake.
IPO ANALYSIS.
Of the ₹180 crore, ₹136
crore will be used for re/ pre­
payment of debt, and the rest
for general corporate pur­
poses. Post­issue, the pro­
moter’s shareholding will be
around 62.8 per cent At the
upper end of the price band,
the company is valued at
around ₹11,675 crore, which
prices the RR Kabel stock at
around 61 times its FY23
earnings.
Margin pressure, intense
competition, and its pricey
valuation call for a wait­and­
watch approach. The shift to
organised players has already
played out with branded play­
ers accounting for a 72 per
cent market share. Hence, in­
vestors need not subscribe to
the issue now. An investment
call can be taken later after as­
sessing its performance as a
listed company.
BUSINESS
RR Kabel is involved in the
business of selling consumer
electrical products compris­
ing wires and cables (W&C)
and fast moving electric goods
(FMEG). The W&C segment
contributes about 89 per cent
of the company’s operating
revenue. The segments in­
clude house wires, industrial
wires, power cables and spe­
cial cables. RR Kabel has mar­
ket share of about 5 per cent
among the branded players.
Under the FMEG, the com­
pany sells fans, lightings,
switches and appliances.
Typically, the company at­
tempts to pass on a portion of
changes in raw material price
to customers. The company
manufactures PVC com­
pound, low­smoke zero halo­
gen compound, cross­linked
PVC and solar cable com­
pound in­house. It purchases
copper and aluminium (which
account for 82 per cent share
of total raw material cost) at
market prices which are
linked to prices on the London
Metal Exchange, which are
quoted in US dollars. The
company hedges its foreign
currency risk by entering into
derivatives contracts. While
the company doesn’t have a
commodity hedging policy, it
attempts to manage the risk
by entering into agreements
with suppliers, wherein they
get a 30­45­day window to fix
the price for the period, based
on demand for theirproducts.
FINANCIALS & VALUATION
During FY21­23, RR Kabel has
grown its operating revenue
at a CAGR of around 40 per
cent, which is higher than that
of its peers, such as Polycab,
Finolex Cables, Havells and
KEI. Growth has been driven
by higher sales volume in the
W&C segment, inorganic
growth in FMEG, and im­
proved realisations due higher
international prices of key raw
materials such as copper and
aluminum.
The company’s reported
EBITDA has grown at a CAGR
lower than revenue at around
19 per cent, and the EBITDA about 60 per cent in FY2015 to
margin has fallen from around 72 per cent in FY2023, which
9 per cent to 6.35 per cent, can reach 80 per cent by
which is lower than that its FY2027. Asmuch of the penet­
peers, who have been generat­ ration has already happened­
ing margins of 10­14 per cent. ,company’s growth will also
This has been on account of depend on the the industry dy­
lower capacities in the power namics going forward. Post­is­
cables space, higher market­ sue, the company’s valuation
ing spends, and losses in its at P/E of around 61 times
FMEG business. (FY23 earnings) appears high
when compared to its peers.
OUTLOOK Finolex Cables, which is of a
The management, has similar size trades at a P/E of
planned a capital expenditure 34 times while Polycab, which
of 500 crore combined for is larger in terms of revenue,
FY24 and FY25. Of this, trades at a P/E of 62 times.
around ₹475 crore will be used Hence, IPO of RR Kabel is not
for capacity expansion of the priced attractively, consider­
W&C business, and the rest ing its smaller size and lower
for the FMEG segment. Ac­ margins. While Havells trades
cording to a Technopak re­ at a PE of 82 times, its
port, the market share of premium is due to its industry
branded players in the W&C leadership and superior
business has increased from margins.

BROKER’S CALL. TODAY’S PICK.

‘FPI allocation to India will remain Elgi Equipments (₹516.25): BUY
Nifty 50 Movers
Close(₹) Pts
왖 76.80 pts.
PE
Bharti Airtel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 915.15. . . . . . . . . . 14.19. . . . . . . . . . . 45.04 . . . . . . . . . . 2.61
Wt(%)

strong despite US rate hike’
bl interview
Suresh P Iyengar
Mumbai
The record number of demat
accounts being opened is a
clear indication that small
investors are flocking to the
stock market big time even as
concerns are being raised on
market valuation. Nilesh Shah,
Managing Director, Kotak
Mahindra Asset Management
Company spoke to
businesslineon the way ahead.
Excerpts:
Can India deliver on
economic growth given
the global developments?
Our economy was growing at a
reasonable pace but others
have slowed down. Russia has
suddenly dropped out of the
peer group because of
Ukrainian invasion. China by
virtue of the real estate bubble
and their crackdown on
entrepreneurship has scored a
self goal. Their design on
Taiwan is also creating anxiety
among global investors. South
Africa has 12 hours of power
India is the only
market that offers the
‘3G’ of growth,
governance and green
NILESH SHAH
MD, Kotak Mahindra Asset
Management Company
phone and toy importers, we
have become an exporter to
China. We have to replicate
this in all other industries. This
should be the role model. We
have to encourage local
manufacturing in other
industries also. We need to
promote inclusive growth. We
still provide free food to 80
core Indians.
market crashed 20 per cent
because there was a result
against the investors’
expectation. Thereafter, we
saw markets moving up. In
2009, it was exactly the
opposite. The markets
anticipated that there will be
no stable government and
there would be a khichdi, but
UPA came out with the
majority and markets went up
by 20 per cent.
So, whenever election
results are in contradiction to
market expectations there are
sharp reactions.
Will India continue to
attract foreign
investment?
A lot of investors have burned
their fingers and heads in
China, Russia, Brazil and
South Africa. In emerging
markets, they are now looking
at countries such as India,
Chile and Mexico.
Hence, the flow should
continue to come to India.
Even if other emerging market
allocations of FPI drop due to
the US interest rate going up,
Indian allocation can still
continue to be strong.
Motilal Oswal
ICICI BANK (BUY)
Target: ₹1,150
CMP: ₹989.75
ICICI Bank’s Annual Report highlights the progress
the bank is making towards sustainable growth.
This is evident from its strong contingency buffers
and robust underwriting and risk­monitoring
mechanisms, all of which contribute to
safeguarding the company’s balance sheet.
ICICI Bank has been reporting a robust
performance, led by a strong core PPOP,
controlled provisions, and steady asset quality. A
healthy mix of a high yielding portfolio
(Retail/Business Banking) and a low­cost liability
franchise has helped sharp margin recovery over
FY23.
The bank is witnessing strong traction across key
segments such as Retail, SME, and Business
Banking. Asset quality trends remain steady, while
additional Covid­19 provision buffer (1.2 per cent
of loans) renders further comfort.
Ahead of the new growth cycle, the bank is
well­positioned with a superior margin, strong RoE
and asset quality, and robust capitalisation levels.
We estimate ICIC Bank to deliver RoA/RoE of
2.2/17.7 per cent in FY25. We estimate earnings
growth to moderate to 17 per cent CAGR over
FY23­25.
This moderation is primarily due to a decline in
margins and limited levers available for managing
the opex/credit cost, resulting in a gradual stock
performance.
HDFC Securities
JUBILANT FOOD (ADD)
Target: ₹500
Gurumurthy K
bl. research bureau
The short­term outlook is bullish
for Elgi Equipments. The stock
was up over 3 per cent on
Wednesday. This rise has
happened after a consolidation
above the 200­day Moving
Average (MA) for more than a
week. In addition to this, the
21­day MA is just turning up from
near the 200­day MA. This is a
bullish signal indicating limited
downside. Support is in the
₹500­497 region. Intermediate
dips are likely to get bought
around ₹500.
Elgi Equipments share price can
rise to ₹550 over the next two to
three weeks. Traders can go long
Day trading guide
20130 » Nifty 50 Futures
S1 S2 R1
20080 20000 20235 20300
₹1642 » HDFC Bank
S1 S2 R1
1630 1615 1655
now. Accumulate on dips at ₹505.
Keep the stop­loss at ₹493. Trail
the stop­loss up to ₹520 as soon as
the stock moves up to ₹522. Move
the stop­loss further up to ₹530
when the price touches ₹537. Exit
the long positions at ₹545.
Note: The recommendations are based
on technical analysis. There is risk of loss
in trading.
R2 COMMENT
Go long at 20110 and 20090.
Stop­loss can be kept at 20060
R2 COMMENT
1670 Go long on dips at 1635. Keep the
stop­loss at 1625
HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1643.90. . . . . . . . . . 11.92. . . . . . . . . . . 25.32 . . . . . . . . 13.95
Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2451.05. . . . . . . . . . . . 9.42. . . . . . . . . . . 22.75 . . . . . . . . . . 9.43
Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1014.45. . . . . . . . . . . . 8.48. . . . . . . . . . . 24.73 . . . . . . . . . . 3.16
Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3263.20. . . . . . . . . . . . 7.37. . . . . . . . . . . 89.41 . . . . . . . . . . 1.55
State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 596.45. . . . . . . . . . . . 7.10. . . . . . . . . . . . . 7.71 . . . . . . . . . . 2.60
Grasim Ind. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1933.00. . . . . . . . . . . . 5.22. . . . . . . . . . . 11.68 . . . . . . . . . . 0.81
ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 453.50. . . . . . . . . . . . 4.73. . . . . . . . . . . 27.91 . . . . . . . . . . 4.55
Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 279.65. . . . . . . . . . . . 4.63. . . . . . . . . . . . . 6.33 . . . . . . . . . . 0.73
Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1824.60. . . . . . . . . . . . 4.50. . . . . . . . . . . 22.21 . . . . . . . . . . 3.05
IndusInd Bank. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1455.05. . . . . . . . . . . . 3.85. . . . . . . . . . . 14.23 . . . . . . . . . . 1.08
TataConsumerProduct . . . . . . . . . . . . .. . . . . 889.30. . . . . . . . . . . . 3.33. . . . . . . . . . . 59.82 . . . . . . . . . . 0.60
Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 7475.90. . . . . . . . . . . . 2.71. . . . . . . . . . . 36.68 . . . . . . . . . . 2.27
ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 183.90. . . . . . . . . . . . 2.67. . . . . . . . . . . . . 5.56 . . . . . . . . . . 0.82
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 237.15. . . . . . . . . . . . 2.22. . . . . . . . . . . 12.74 . . . . . . . . . . 1.28
Asian Paints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3277.75. . . . . . . . . . . . 2.15. . . . . . . . . . . 66.41 . . . . . . . . . . 1.68
Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 625.90. . . . . . . . . . . . 2.05. . . . . . . . . . . 21.91 . . . . . . . . . . 1.25
PowerGrid Corp . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 193.20. . . . . . . . . . . . 1.98. . . . . . . . . . . 11.81 . . . . . . . . . . 1.00
Hindalco. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 483.20. . . . . . . . . . . . 1.82. . . . . . . . . . . 12.88 . . . . . . . . . . 0.80
Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5738.90. . . . . . . . . . . . 1.81. . . . . . . . . . . 20.24 . . . . . . . . . . 0.79
UltraTech Cement . . . . . . . . . . . . . . . . . . . . .. . . 8636.35. . . . . . . . . . . . 1.71. . . . . . . . . . . 48.12 . . . . . . . . . . 1.13
BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 355.60. . . . . . . . . . . . 1.57. . . . . . . . . . . . . 4.08 . . . . . . . . . . 0.39
Hind Unilever . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2506.55. . . . . . . . . . . . 1.57. . . . . . . . . . . 57.13 . . . . . . . . . . 2.55
Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1552.80. . . . . . . . . . . . 1.28. . . . . . . . . . . 18.54 . . . . . . . . . . 0.96
Britannia Ind . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4608.25. . . . . . . . . . . . 1.11. . . . . . . . . . . 45.57 . . . . . . . . . . 0.62
Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 129.55. . . . . . . . . . . . 1.01. . . . . . . . . 178.66 . . . . . . . . . . 1.19
Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1148.75. . . . . . . . . . . . 0.86. . . . . . . . . . . 32.71 . . . . . . . . . . 1.41
Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5011.00. . . . . . . . . . . . 0.73. . . . . . . . . 103.79 . . . . . . . . . . 0.57
LTIMindtree Ltd. . . . . . . . . . . . . . . . . . . . . . . . .. . . 5539.10. . . . . . . . . . . . 0.70. . . . . . . . . . . 41.52 . . . . . . . . . . 0.58
UPL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 608.30. . . . . . . . . . . . 0.44. . . . . . . . . . . 13.00 . . . . . . . . . . 0.35
Wipro. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 435.70. . . . . . . . . . . . 0.24. . . . . . . . . . . 20.45 . . . . . . . . . . 0.73
SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1345.50. . . . . . . . . . ­0.10. . . . . . . . . . . 73.24 . . . . . . . . . . 0.69
Bajaj Auto. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4808.30. . . . . . . . . . ­0.32. . . . . . . . . . . 20.80 . . . . . . . . . . 0.62
Eicher Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3320.30. . . . . . . . . . ­0.65. . . . . . . . . . . 28.20 . . . . . . . . . . 0.52
Hero MotoCorp . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2994.40. . . . . . . . . . ­0.76. . . . . . . . . . . 20.53 . . . . . . . . . . 0.44
Tech Mahindra . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1260.40. . . . . . . . . . ­0.80. . . . . . . . . . . 27.83 . . . . . . . . . . 0.89
Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 10473.40. . . . . . . . . . ­0.92. . . . . . . . . . . 32.62 . . . . . . . . . . 1.58
Divis Lab. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3750.85. . . . . . . . . . ­1.07. . . . . . . . . . . 67.40 . . . . . . . . . . 0.54
ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 989.80. . . . . . . . . . ­1.12. . . . . . . . . . . 17.86 . . . . . . . . . . 7.88
NestleIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 22179.80. . . . . . . . . . ­1.12. . . . . . . . . . . 78.29 . . . . . . . . . . 0.90
Adani Enter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2518.90. . . . . . . . . . ­1.18. . . . . . . . . 109.19 . . . . . . . . . . 0.88
JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 810.70. . . . . . . . . . ­1.20. . . . . . . . . . . 34.61 . . . . . . . . . . 0.88
Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1228.50. . . . . . . . . . ­1.35. . . . . . . . . . . 31.74 . . . . . . . . . . 0.73
HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1275.25. . . . . . . . . . ­1.73. . . . . . . . . . . 22.93 . . . . . . . . . . 1.54
Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 849.70. . . . . . . . . . ­1.74. . . . . . . . . . . 28.97 . . . . . . . . . . 0.81
Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1498.35. . . . . . . . . . ­2.24. . . . . . . . . . . 25.18 . . . . . . . . . . 6.08
HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 650.20. . . . . . . . . . ­2.64. . . . . . . . . . . 98.18 . . . . . . . . . . 0.79
TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3567.85. . . . . . . . . . ­3.03. . . . . . . . . . . 29.74 . . . . . . . . . . 4.16
M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1536.95. . . . . . . . . . ­4.29. . . . . . . . . . . 15.05 . . . . . . . . . . 1.57
L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2906.75. . . . . . . . ­10.31. . . . . . . . . . . 30.49 . . . . . . . . . . 4.00
Pts: Impact on index movement
Nifty Next 50 Movers 왖 140.10 pts.
Close(₹) Pts PE
Bank Of Baroda . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 208.65. . . . . . . . . . 58.52. . . . . . . . . . . . . 6.15 . . . . . . . . . . 3.07
Wt(%)

cuts, infrastructure is
cracking, law and order is an
issue there. Turkey followed
an extremely loose monetary
policy which led to higher
inflation and depreciation of
currency. Taiwan has a
potential Chinese threat.
Despite rising tomato prices
and deficient monsoon,
inflation is well under the
control of RBI. On the external
side, India has more forex
reserves than net­FX debt if
you remove FCNR deposits. In
infrastructure, what we have
built between 1947 to 2013, we
are building almost in the
similar range in 2014 to 2024.
Suddenly there is
infrastructure available by way
of road, power, port, telecom,
railway and airport.
Notwithstanding that, we are
an oasis in the global desert, we
have now laid the foundation
stone for a strong economic
growth in days to come.
What can upset the apple
cart?
The biggest challenge is our
trade deficit. Our trade deficit
with China last year was $100
billion. From being mobile
Now the proverb says ‘teach
a man fishing rather than
giving him a fish’. We have to
create jobs at the bottom of the
pyramid so that they are not
dependent of free food and
this freebies culture can go
away.
One big opportunity in
creating jobs is the China­plus
one strategy as big companies
are shifting their supply base
out of China. We have to lay
red carpets for them here to
create more jobs. The ease of
doing business and
investment is also a challenge.
Though we have moved a
notch, it is still a long journey
since the States and the Centre
have to come together to
improve ease of doing
business.
Do you see the
forthcoming general
election as a challenge?
The market always tries to
process information and use it
to arrive at some conclusion.
In 2004, the market
overwhelmingly believed that
‘India Shining’ was going to
bring the NDA government
back. There was a shock. The
More importantly, only the
Indian market gives ‘3G’ of
growth, governance and green.
We have now over 20 per cent
of our power generated from
renewable energy. We are also
the lowest per capita emitter
of carbon in the world.
Why are our ESG funds
not doing well?
Under ESG norms, investors
have to stay away from
tobacco, defence, fossil fuel,
gambling and sin sports. But
these are the best­performing
sectors. In a broader market
when non­ESG sectors such as
tobacco and defence do well,
ESG funds underperform. In a
crude manner, ESG is also
linked to per capita GDP.
At $2,500, I am more
worried about roti, kapda aur
makaan. At $25,000, I will also
worry about air and the
environment. To some extent,
it is a rich man’s hobby. ESG
anyways is part and parcel of
our investment process. The
environment was something
which we were not aware. It is
evolving every day and will
become part of the main
investment process.
CMP: ₹518.10 Canara Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 364.75. . . . . . . . . . 38.68. . . . . . . . . . . . . 5.13 . . . . . . . . . . 1.94
We interacted with Sameer Khetarpal, the CEO of ₹1498 » Infosys
Bharat Elec. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 135.85. . . . . . . . . . 22.00. . . . . . . . . . . 31.44 . . . . . . . . . . 3.85
Indian Oilcorp . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 93.10. . . . . . . . . . 20.56. . . . . . . . . . . . . 5.14 . . . . . . . . . . 2.70
Jubilant FoodWorks, to understand industry S1 S2 R1 R2 COMMENT
Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 124.25. . . . . . . . . . 19.48. . . . . . . . . . . 19.74 . . . . . . . . . . 2.65
demand and company strategy. According to him,
I­Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 566.70. . . . . . . . . . 17.05. . . . . . . . . . . 94.45 . . . . . . . . . . 1.74
Acc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2063.05. . . . . . . . . . 15.20. . . . . . . . . . . 53.24 . . . . . . . . . . 1.32
the QSR industry demand continues to decelerate 1480 1460 1515 1535 Wait for dips. Go long at 1485 with Avenuesuper . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3813.70. . . . . . . . . . 13.54. . . . . . . . . 103.60 . . . . . . . . . . 1.87
and recent trends are tougher than witnessed a stop­loss at 1475 Tata Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 265.00. . . . . . . . . . 11.95. . . . . . . . . . . 20.82 . . . . . . . . . . 3.02
Srf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2395.65. . . . . . . . . . 11.28. . . . . . . . . . . 37.11 . . . . . . . . . . 2.75
during the last six months. The pressure is across Dlf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 529.00. . . . . . . . . . 10.06. . . . . . . . . . . 62.63 . . . . . . . . . . 2.59
markets, brands, and formats. Signs of stress on ₹453 » ITC Hindustanaeronautics . . . . . . . . . . . . . .. . . 3970.30. . . . . . . . . . . . 9.98. . . . . . . . . . . 22.05 . . . . . . . . . . 2.94
Shree Cement . . . . . . . . . . . . . . . . . . . . . . . . . . .. 26238.55. . . . . . . . . . . . 9.81. . . . . . . . . . . 60.60 . . . . . . . . . . 2.77
demand are witnessed even in tier 2/3 cities with S1 S2 R1 R2 COMMENT Piindustries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3637.40. . . . . . . . . . . . 9.66. . . . . . . . . . . 40.88 . . . . . . . . . . 2.31
mall food courts wearing a deserted look. 451 447 457 461 Can go either way. Avoid trading
Jindal Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 691.80. . . . . . . . . . . . 7.89. . . . . . . . . . . 24.38 . . . . . . . . . . 2.01
Fsnecomventures . . . . . . . . . . . . . . . . . . . . .. . . . . 148.75. . . . . . . . . . . . 7.71. . . . . . . 1986.04 . . . . . . . . . . 0.70
Moreover, one additional month of Sawan is this stock for now Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 233.30. . . . . . . . . . . . 6.45. . . . . . . . . . . . . 7.10 . . . . . . . . . . 2.20
expected to further dampen SSSG in Q2­FY24. Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 19362.10. . . . . . . . . . . . 6.23. . . . . . . . . . . 38.05 . . . . . . . . . . 1.31
However, the industry remains hopeful of a ₹184 » ONGC
Icici Lombard Gic . . . . . . . . . . . . . . . . . . . . . .. . . 1356.05. . . . . . . . . . . . 5.12. . . . . . . . . . . 37.62 . . . . . . . . . . 2.74
Berger Paints I. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 724.00. . . . . . . . . . . . 4.04. . . . . . . . . . . 73.14 . . . . . . . . . . 1.34
bounce­back in demand in H2FY24 on the back of Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 583.40. . . . . . . . . . . . 4.02. . . . . . . . . . . 54.63 . . . . . . . . . . 2.39
S1 S2 R1 R2 COMMENT
softening inflation; expected pick­up in the festive
Industowers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 183.60. . . . . . . . . . . . 3.86. . . . . . . . . . . 17.00 . . . . . . . . . . 0.94
Muthootfin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1281.15. . . . . . . . . . . . 3.74. . . . . . . . . . . 13.22 . . . . . . . . . . 1.10
season; and the cricket World Cup. 182 180 186 188 Go long now and at 183. Stop­loss Torrent Pharma . . . . . . . . . . . . . . . . . . . . . . . .. . . 1868.55. . . . . . . . . . . . 3.65. . . . . . . . . . . 50.19 . . . . . . . . . . 1.35
In the ongoing challenges, Jubilant remained can be kept at 181 Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 17322.00. . . . . . . . . . . . 3.28. . . . . . . . . . . 82.92 . . . . . . . . . . 0.56
Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2488.55. . . . . . . . . . . . 0.72. . . . . . . . . . . 90.04 . . . . . . . . . . 3.00
focused on further strengthening its core Samvardmothersoninternatl . . .. . . . . . . 97.55. . . . . . . . . . . . 0.43. . . . . . . . . . . 30.95 . . . . . . . . . . 1.83
(customer acquisition, menu, 20­minute delivery, ₹2450 » Reliance Ind. Lic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 659.30. . . . . . . . . . ­0.10. . . . . . . . . . . . . 8.87 . . . . . . . . . . 0.43
Adani Wilmar .. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 352.30. . . . . . . . . . ­0.28. . . . . . . . . 147.89 . . . . . . . . . . 0.19
etc). S1 S2 R1 R2 COMMENT Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 565.50. . . . . . . . . . ­0.42. . . . . . . . . . . 58.37 . . . . . . . . . . 2.62
In our model, we do not build sharp recovery in Irctc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 687.00. . . . . . . . . . ­1.32. . . . . . . . . . . 55.37 . . . . . . . . . . 1.65
2435 2420 2465 2480 Go long only above 2465. Keep Hdfc Amc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2624.10. . . . . . . . . . ­1.94. . . . . . . . . . . 35.31 . . . . . . . . . . 1.64
the SSSG/ADS during H2FY24 (for all brands), as the stop­loss at 2460 Adani Total Gas . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 636.55. . . . . . . . . . ­2.67. . . . . . . . . 125.39 . . . . . . . . . . 0.60
we do not expect a quick bounce­back in Bajaj Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 7093.20. . . . . . . . . . ­2.70. . . . . . . . . . . 14.64 . . . . . . . . . . 1.06
Ambuja Cements . . . . . . . . . . . . . . . . . . . . . .. . . . . 443.90. . . . . . . . . . ­2.92. . . . . . . . . . . 36.15 . . . . . . . . . . 2.58
footfall/frequency. We also do not expect demand ₹597 » SBI Sbicards&Pay . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 832.20. . . . . . . . . . ­3.60. . . . . . . . . . . 35.39 . . . . . . . . . . 1.93
to spur due to the cricket World Cup as the impact Siemens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3828.65. . . . . . . . . . ­3.62. . . . . . . . . . . 76.94 . . . . . . . . . . 2.70
S1 S2 R1 R2 COMMENT
on the dine­in business (less footfall) will alter
Varun Beverages . . . . . . . . . . . . . . . . . . . . . .. . . . . 913.30. . . . . . . . . . ­4.87. . . . . . . . . . . 61.76 . . . . . . . . . . 1.46
Zomato .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 97.90. . . . . . . . . . ­5.71. . . . . . . . . . . . . 0.00 . . . . . . . . . . 1.44
pick­up in the delivery business. 594 590 601 604 Go long now and at 595. Stop­loss Adani Energy Solutions .. . . . . . . . . . .. . . . . 836.90. . . . . . . . . . ­7.26. . . . . . . . . . . 72.14 . . . . . . . . . . 0.86
We remain cautious about demand and margin can be kept at 592 Cholamandalamin&Fin . . . . . . . . . . . .. . . 1160.20. . . . . . . . . . ­8.34. . . . . . . . . . . 33.91 . . . . . . . . . . 3.62
United Spirits . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1029.40. . . . . . . . . . ­8.72. . . . . . . . . . . 55.82 . . . . . . . . . . 2.37
outlook for the QSR sector. The recent stock rally Adanigreenenergy . . . . . . . . . . . . . . . . . . . .. . . . . 985.80. . . . . . . . ­10.36. . . . . . . . . 144.32 . . . . . . . . . . 1.18
has further made risk­reward unfavourable. ₹3561 » TCS Godrej Consumer. . . . . . . . . . . . . . . . . . . . . .. . . 1003.65. . . . . . . . ­11.35. . . . . . . . . . . 61.24 . . . . . . . . . . 3.01
Abb India. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4341.10. . . . . . . . ­11.64. . . . . . . . . 225.54 . . . . . . . . . . 1.82
S1 S2 R1 R2 COMMENT Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1963.45. . . . . . . . ­12.93. . . . . . . . . . . 48.06 . . . . . . . . . . 2.07
Page Industries . . . . . . . . . . . . . . . . . . . . . . . .. 40216.25. . . . . . . . ­13.73. . . . . . . . . . . 85.84 . . . . . . . . . . 1.92
businessline is not responsible for the recommendations 3540 3515 3580 3600 Wait for dips. Go long at 3545. Havells . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1398.50. . . . . . . . ­16.39. . . . . . . . . . . 78.54 . . . . . . . . . . 2.77
Keep the stop­loss at 3530 Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2447.30. . . . . . . . ­20.44. . . . . . . . . . . 24.51 . . . . . . . . . . 2.39
sourced from third party brokerages. Reports may be sent Info Edge I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4396.05. . . . . . . . ­33.53. . . . . . . . . . . . . 0.00 . . . . . . . . . . 2.70
to: blmarketwatch@gmail.com
S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2. Pts: Impact on index movement

CM
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 news . bl . 9
MUMBAI

businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023

In role reversal, Russia may Qantas illegally

source weapons from N Korea
A FRIEND IN NEED. Kim pledges continued support to Putin’s Ukraine war
Associated Press
Seoul
North Korea’s Kim Jong Un
vowed “full and uncondi­
tional support” for Russia’s
Vladimir Putin on Wednes­
day as the two leaders isol­
ated by the West held a sum­
mit that the US warned could
lead to a deal to supply am­
munition for Moscow’s war
in Ukraine.
The meeting, which lasted
over four hours at Russia’s
spaceport in the Far East, un­
derscores how the two coun­
tries' interests are aligning:
Putin is believed to be seek­
ing one of the few things im­
poverished North Korea has
in abundance: stockpiles of
aging ammunition and rock­
ets for Soviet­era weapons.
Such a request would mark
a role reversal from the 1950­
UNITED IN ISOLATION. Russian President Vladimir Putin and
North Korea's leader Kim Jong Un at a launch pad during their
meeting at the Vostochny cosmodrome in Russia. AP
53 Korean War, when Mo­
scow gave weapons to sup­
port Pyongyang’s invasion of
South Korea, and in the dec­
ades of Soviet sponsorship of
the North that followed.
The decision to meet at
the Vostochny Cos­
modrome, Russia’s most im­
portant launch centre on its
own soil, suggests Kim is
seeking Russian help in de­
veloping military reconnais­
sance satellites.
WARTIME SUPPORT
In opening remarks, Putin
spoke of the Soviet Union’s
wartime support for North
Korea and said the talks
would cover economic co­
operation, humanitarian is­
sues and the “situation in the
region.”
Kim, in turn, pledged con­
tinued support for Moscow,
making an apparent refer­
ence to the war in Ukraine.
“Russia is currently en­
gaged in a just fight against
hegemonic forces to defend
its sovereign rights, security
and interests,” he said.
“The Democratic People’s
Republic of Korea has always
expressed its full and uncon­
ditional support for all meas­
ures taken by the Russian
government, and I take this
opportunity to reaffirm that
we will always stand with
Russia on the anti­imperial­
ist front and the front of in­
dependence,” he said.
The US has accused North
Korea of providing Russia
with arms, including selling
artillery shells to the Russian
mercenary group Wagner.
Russian and North Korean
officials deny such claims.
sacked workers
during Covid, rules
Australia court
Press Trust of India
Canberra
Qantas Airways lost its
challenge to a court ruling
on Wednesday that the Aus­
tralian flag carrier had illeg­
ally fired 1,700 baggage
handlers, cleaners and
other ground staff at the
height of pandemic travel
disruptions.
Seven High Court judges
unanimously rejected
Qantas’appeal against a
Federal Court full­bench
decision. That court upheld
a Federal Court judge’s rul­
ing that the sacking of
Qantas staff at 10 Aus­
tralian airports in 2020 was
illegal.
The ruling is another ma­
jor blow for the airline
which Australia’s consumer
watchdog is suing for more
than A$250 million for al­
legedly selling thousands of
tickets mid­2022 for flights
that already been cancelled.
X is a habitual non-compliant platform,
government tells Karnataka High Court
Reuters
New Delhi
ing orders without any plaus­
ible explanation.
Twitter challenged that rul­
should be thrown out, arguing
the company had in the past
also unblocked some accounts –
ing to a higher bench in the which government ordered to
The Union government has told court and argued New Delhi be blocked – without its
a court that Elon Musk’s X is a could be emboldened to block knowledge.
“habitual non­compliant plat­ more content and broaden the By doing so, X undermined
form” and for years has not fol­ scope of censorship. “the role of the government in a
lowed many orders to remove In its 28­page filing, the IT democratic setup”, the filing
content, undermining the gov­ Ministry said X’s challenge added.
ernment’s role, according to a
legal filing reviewed by Reuters.
The remarks were contained
in an August 24 non­public fil­
ing by the IT Ministry to the
Karnataka High Court, which is
set to hear a challenge brought
by the social media platform
over a government fine in com­
ing days.
Neither X nor the IT ministry
responded to Reuters’ request
for comment.
Formerly known as Twitter,
X has an ongoing legal tussle
with Prime Minister Narendra
Modi’s administration over
what New Delhi alleges is non­
compliance with content re­
moval orders. In June, Karnata­
ka’s High Court fined the plat­
form ₹50 lakh and said it had
not complied with many block­

Drug-makers lukewarm to developing

vaccines for new Covid-19 variants
PT Jyothi Datta
Mumbai
Vaccine­makers in the coun­
try seem to be tepid in their
response to circulating SARS­
CoV­2 variants, even as other
parts of the world authorise
variant­specific vaccines or
vaccinate their elderly.
This week, the United
States Food and Drug Admin­
istration authorised the
emergency use of updated
mRNA Covid vaccines from
Moderna and Pfizer, to pro­
tect against an Omicron­vari­
ant reported to be dominant
in the region. And the United
Kingdom has started rolling
out boosters for its elderly.
Indian vaccine­makers told
businessline that they were
tracking the coronavirus­
variant­linked developments
in other parts of the world,
but details shared by them
were limited.
VACCINE ADAPTATION
“Bharat Biotech (BB) is act­
ively developing Covid vac­
cines against newer variants.
The company is closely track­
ing variants of concern to de­
termine their impact and po­
tential prophylactic
mitigations,” a company
spokesperson said.
Another vaccine­industry
representative added no vac­
cines were being made by SII,
since there was no demand.
However, the representative
said the vaccine­maker could
step­up production, if there
was a spike in cases and boost­
ers/precautionary doses were
required.
“It’s like chasing variants,”
says Dr Raman
Gangakhedkar, former head
of epidemiology and commu­
nicable diseases at ICMR, on
tweaking vaccines to keep
pace with a virus that will
mutate to survive. Since vac­
cines do not stop the infec­
tion, he called instead for sur­
veillance on Covid­linked
mortality to understand if the
circulating strain was severe.
Public health expert and
epidemiologist Chandrakant
Lahariya also did not advoc­
ate another dose.

CM
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10 . bl . commodities.agri.business
QUICKLY.
Crude oil gains on
supply cut worries
New York: Oil prices rose on
Wednesday, hitting a 10­month
high, as a surprise build in US
crude inventories did not
dampen expectations of tight
crude supply for the rest of the
year. International benchmark
Brent futures rose 39 cents to
$92.45 a barrel by 10:49 a.m.
EDT (1449 GMT). Its session
high of $92.84 a barrel was the
highest since November. REUTERS
London cocoa climbs
to 46-year peak, again
London: London cocoa futures
on ICE rose to a 46­year high on
Wednesday buoyed by
tightening supplies. December
London cocoa rose by 1.15 per
cent to 3,074 pounds a tonne by
1419 GMT after setting a 46­year
high of 3,079 pounds.
December New York cocoa rose
to $3,700 a tonne after peaking
at a high of $3,707. REUTERS
Gold steadies as traders
assess impact of US CPI
Gold steadied on Wednesday after
retreating immediately following
data showing an acceleration in US
consumer prices, on expectations
that the inflation readings may not
prompt a big change in the
Federal Reserve's interest rate
strategy. Spot gold was steady at
$1,912.86 per ounce by 9:05 a.m.
EDT (1305 GMT). U.S. gold futures
were also steady at $1,935.40 per
ounce. REUTERS
Zinc futures:
Retain shorts,
add more at ₹225
Akhil Nallamuthu
bl. research bureau
Zinc futures on the MCX
have experienced a declin­
ing trend since February but
have recently shifted into a
sideways pattern since the
final week of May. This
means that the continuous
contract has been fluctuat­
ing between the price levels
of ₹208 and ₹225.
COMMODITY
CALL.
The nearest expiry, which
is the September futures
contract, has predomin­
antly stayed within the
range of ₹210 and ₹225.
Over the last three weeks,
this contract has witnessed
a rally and is presently trad­
ing around ₹221. However,
as it currently hovers near
the upper boundary of this
range, and the upward mo­
mentum appears to have
weakened, the likelihood of
a downward movement has
increased. Should the rally
persist from this point, it is
improbable that it will
breach the ₹225 mark. Our
expectation is a price de­
cline either from the cur­
rent level or after reaching
₹225. This downward move­
ment could potentially
bring the contract closer to
the lower end of the estab­
lished range at ₹210.
Last week, we suggested
shorting zinc futures
at ₹220. Hold this trade and
in case the price moves up
from here, add shorts at
₹225. Retain the stop­loss at
₹230. When the contract
falls to ₹215, tighten the
stop­loss to ₹220. Book
profits at ₹210.
CM
YK
Fertilizer sales surge 57% above
target in Aug, leave Centre worried
WHAT’S DRIVING IT? Govt suspects diversion for industrial use, asks farmers to cut chemical fertilizer use by 20%
Prabhudatta Mishra
New Delhi
There has been an unpreced­
ented jump of 57 per cent
from target in sales of key fer­
tilizers — urea, DAP and com­
plex — during August, when
monsoon was 36 per cent de­
ficient across the country. As
higher sales have a direct link
with subsidy, the government
has decided to implement a
two­pronged strategy — to
reduce usage and check diver­
sion towards non­farm use.
In the past, agriculture­
grade urea to has been diver­
ted to industries that make
resin/glue, plywood, crock­
ery, moulding powder, cattle
feed and industrial mining ex­
plosives. After subsidy, the
neem­coated urea, launched
as alternative to agriculture­
grade, costs farmers ₹266/bag
of 45 kg. According to official
data, against an estimated de­
mand of 51.62 lakh tonnes (lt)
Nabard partners UNDP to create data­driven innovations
AJ Vinayak
Mangaluru
The United Nations Develop­
ment Programme (UNDP) and
the National Bank for Agricul­
ture and Rural Development
(Nabard) have signed a
Memorandum of Understand­
ing (MoU) to co­create data­
driven innovations in agricul­
ture and food systems to sup­
port smallholder farmers.
Under this MoU, both organ­
isations will work to improve
the lives and livelihoods of
smallholder farmers by sharing
open­source data for product
development, transfer of tech­
nology and supporting the
framing of agrarian policies.
Upasi calls for strategy change to boost tea exports
V Sajeev Kumar
Kochi
United Planters Associ­
ation of South India
(Upasi) has suggested mar­
keting strategies for South
Indian teas to augment ex­
ports in order to achieve
better price realisation.
South India traditionally
used to export more than
50 per cent of its produc­
tion and its share in the
country’s total export was
nearly 50 per cent. How­
ever, it exported only 36
per cent of its production
in 2022. Given the relat­
ively high export intensity
from South India, increas­
ing the quantum of export
turns critical to South In­
dia’s supply­demand
dynamics.
The disintegration of
the Soviet Union, which
used to be an assured des­
tination for Indian teas in
IIT­Kharagpur developing coffee
harvester to prune need for labour
Our Bureau
Bengaluru
The Indian Institute of Tech­
nology (IIT) Kharagpur is
developing a mechanised
coffee harvester, which can
reduce labour dependence
by about 50­60 per cent, said
Coffee Board CEO and Sec­
retary, K G Jagadeesha, on
Wednesday.
Addressing the members
of United Planters Associ­
ation of South India (Upasi)
in Coonoor, Jagadeesha said
the prototype of the harvest­
ing machine is customised to
the Indian conditions. In In­
dia, coffee is largely shade
grown in the hilly terrains,
where mechanising the oper­
ations has been a challenge,
so far.
KEY CHALLENGES
Rising labour costs and
shortage of workers have
emerged as key challenges
for the coffee growers in the
IN EXCESS. DAP has seen maximum offtake at 14.28 lt against
an estimated demand of 7.47 lt — up 91 per cent — followed by
64 per cent in complex at 17.35 lt, against a demand of 10.58 lt
of urea, di­ammonium phos­
phate (DAP) and complex
(combination of key nutri­
ents N, P, K, S), the actual
sales were 80.93 lt between
August 1 and September 1, of­
ficial sources said.
DAP has seen maximum
lifting at 14.28 lt against an
estimated demand of 7.47 lt,
up by 91 per cent, followed by
64 per cent in complex at
17.35 lt against a demand of
Sanjeev Rohilla, Chief General
Manager of Nabard, and UNDP
Deputy Resident Representat­
ive, Isabelle Tschan, signed the
agreement on Tuesday. Speak­
ing to businessline after signing
the pact, Rohilla said Nabard is
building a data warehouse for
the country.
DATA SOURCES
This data warehouse will be
getting data from UNDP, ICAR,
Icrisat, India Data Portal, agri
universities, banks and busi­
ness correspondent (BC) net­
work. Nabard is also sourcing
data from research houses such
as Bloomberg, Nexensus, In­
diaStats and CMIE. All the data
from these sources is going to
be ingested and turned into
The presence of South Indian
teas in the domestic market is
largely region­specific
general and South Indian
teas in particular, has ne­
cessitated the tea industry
to work with the Govern­
ment in identifying and
developing suitable mar­
kets, says the Plantation
Sector – Overview report
2023 prepared by Upasi.
The presence of South
Indian teas in the do­
mestic market is largely re­
recent years. Labour costs
account for about 65 per cent
of the cost of coffee cultiva­
tion, he said. Reducing costs
and improving value realisa­
tion will help growers earn
decent living from the coffee
cultivation.
Jagadeesha exhorted the
growers to come out of the
comfort zone and look at ad­
opting mechanisation while
going in for replacing of old
bushes over the next five
years, a move that could
boost the yields. About 90
per cent of the coffee pro­
duction in an estate comes
10.58 lt. Urea sales registered
a 57 per cent surge at 49.3 lt
against an estimated demand
of 33.6 lt. Only muriate of
potash (MoP) sales have
dipped last month — by 27
per cent to 1.83 lt from 2.49 lt
demand.
Agriculture Minister Nar­
endra Singh Tomar had
earlier raised this issue of in­
creasing sales of chemical fer­
tilizers despite government’s
dashboards and reports not
just for internal use in Nabard
but by the entire ecosystem, he
said.
Stating that this data ware­
house will enable a person to
access the data in an open en­
vironment, he said this will a
one­stop shop for agriculture
related data.
Referring to the vision of
Shaji KV, Chairman of Nabard,
he said the vision is to use data
for information and for in­
formed decision making. This
data warehousing was started
under Shaji’s leadership one­
and­a­half years ago. This part­
nership with UNDP includes
enhancing and disseminating
collaborative digital public
goods like DiCRA (Data in Cli­
gion­specific and that mar­
ket being finite; there is a
need to export more
volumes of teas. The re­
port also called for diversi­
fying the market portfolio
with an objective to retain
and sustain the existing
key markets besides mak­
ing a footprint in the
emerging markets as a
consistent supplier of de­
pendable teas.
NEW OPPORTUNITIES
Towards developing and
sustaining the export mo­
mentum, there is a need
for nurturing traditional
markets and developing
new opportunities in
emerging markets.
The South Indian tea
sector has put in tremend­
ous effort towards enhan­
cing the quality profile of
the teas, by reformatting
field and factory practices
and by restructuring the
business process to be
from 40 per cent of the
plants, while the remaining
60 per cent of the plants,
which are aged 40­50 years
are yielding less as they have
crossed the economic age.
The yields starts declining in
Arabica plants after 40 years
and in Robusta after 50 years.
The Coffee Board has pro­
posed a national replanta­
tion policy for the traditional
coffee­growing States of
Karnataka, Kerala and Tamil
Nadu, which is awaiting the
Government’s approval.
‘INVEST MORE TIME’
Stating that Indian coffees
are the best, Jagadeesha
asked growers to invest more
time and efforts in improv­
ing the quality of the coffees.
On building a brand for the
Indian coffees, the Coffee
Board CEO told the industry
that the effort should be so­
ciety­driven. “All of us need
to come together. Indians
should speak high about our
coffee,” he said.
different schemes aimed at
lowering the usage. Officials
said estimated monthly de­
mand is arrived at after as­
sessing past sales data and in­
puts received from States
‘REDUCE USAGE’
Union Chemicals and Fertil­
isers Ministers Mansukh
Mandaviya on Tuesday urged
farmers to reduce the use of
chemical fertilizers and pesti­
cides by 20 per cent in the up­
coming rabi season and
promised strict action against
those who divert the subsid­
ised urea for other usage than
farming.
Addressing more than
1,000 farmers virtually at 500
PMKSKs (Pradhan Mantri
Kisan Samridhi Kendra) here,
Mandaviya expressed con­
cern over the excessive use of
chemical fertilizers and pesti­
cides that affect soil fertility
and also human health. “We
have to reduce the use of
chemical fertilizers. There
mate Resilient Agriculture). Di­
CRA is an open innovation
(open source) digital public
good that provides satellite
data and analytics to promote
data­driven decision making
for climate action in farming.
Started in Telangana, DiCRA
is now operational in Gujarat,
Odisha, Jharkhand, Ut­
tarakhand, Kerela, Maha­
rashtra and Telangana. Rohilla
said plans are there to cover the
whole country with Di­
CRA.Stating that the Indian
farmer has little to marginal
knowledge about weather pre­
diction for the next crop cycles,
he said weather­related data
emerges as one of the most crit­
ical missing links. With near
real­time and high resolution
properly projected. The be­
nefits of these additional
efforts are reaped through
various promotional activ­
ities by showcasing single
estate origin teas, promot­
ing tea growing regions,
reinforcing Brand India in
the overseas market and
enhancing global visibility
of Indian tea in general
and South Indian tea in
particular.
Upasi also proposed the
Tea Board to explore the
possibility of setting up an
Atal Incubation Centre for
Tea that can bring about
much­needed innovation,
in the fields of vending
machines (Make­in­India),
blockchain technology for
traceability, Artificial Intel­
ligence, and many other
areas.
Upasi data shows that
overall tea exports
between January­June this
year dropped 0.8 per cent
to 96.3 million kg.
Palm snaps
losing streak
Reuters
Jakarta
Malaysian palm oil futures
climbed on Wednesday,
snapped a seven­session los­
ing streak, with prices under­
pinned by a recovery in
Chicago soyoil.
The benchmark palm oil
contract for November deliv­
ery on the Bursa Malaysia De­
rivatives Exchange gained 44
ringgit, or 1.19 per cent, to
3,727 ringgit ($796.88) per
tonne. "Bursa Malaysia Deriv­
ative crude palm oil futures
opened marginally higher,
tracking spread adjustment
against rival oilseeds," said a
Kuala Lumpur­based trader.
Dalian's most­active soyoil
contract was down 1.31 per
cent, while its palm oil con­
tract declined 1.05 per cent.
Soyoil prices on the Chicago
Board of Trade were up 0.95
per cent.
Palm oil is affected by price
movements in related oils as
they compete for a share in the
global vegetable oils market.
are alternatives available now
like nano­liquid urea, nano­li­
quid DAP, bio­fertilisers and
PROM (Phosphate Rich Or­
ganic Manure). I urge farmers
to reduce the consumption of
chemical fertilizers by 20 per
cent in the upcoming rabi
sowing season. This should be
replaced by alternate crop nu­
trients,” he said.
The Minister asked the
staff of PMKSK, the re­named
retail outlets of fertilizer
companies that are tasked by
the government to sell all
agri­inputs including seeds,
pesticides and implements,
to educate farmers about the
need to reduce chemicals fer­
tilizers and pesticides. “We
have adopted a zero­toler­
ance policy against diversion
of agriculture grade urea to
industries. A detailed action
plan has been chalked out to
crack down on diversion,” the
Minister was quoted in a
statement released by the
Fertilizer Ministry.
satellite data, automated data
pipelines, advanced analytics
with machine learning and AI –
DiCRA will add value to policy
framework in Nabard. Data re­
lating to bio mass, heat map­
ping, soil conditions, etc., can
revolutionise policy frame­
work if it is shared as a public
good.
He said MoU will help create
a national­level source with
rich data sets in the climate
proofing domain. The data will
enable Nabard for Climate
Change Adaptation Fund and
the Direct Access Entity for
Green Climate Fund to assess
and develop state­level climate
proofing projects. This data will
enable making district­level cli­
mate dashboards.
Namdhari Seeds expands pathology
unit to develop pest­resistant varieties
Our Bureau
Bengaluru
Namdhari Seeds Pvt. Ltd.
(NSPL) has recently inaugur­
ated a 58,000 sq greenhouse
facility to enhance its exist­
ing Plant Pathology and Seed
Health operations. NSPL will
focus on developing pest and
disease­resistant crop variet­
ies, promising higher yields
and reduced reliance on
pesticides in the plant patho­
logy units.
Gurmukh Roopra, Namd­
hari’s Group CEO said, “We
recognise that there are mul­
tiple challenges at the farmer
level that need scientific
solutions. As a result, we
have taken steps to invest in
forward­looking tools and
India’s vegoil imports
likely to rise to a record
high of 16.5 mt: USDA
AJ Vinayak
Mangaluru
India is likely to import a re­
cord 16.5 million tonnes (mt)
of vegetable oil during 2022­
23, according to the United
States Department of Agri­
culture (USDA).
In its September report on
‘Oilseeds: World Markets and
Trade’, USDA said India’s im­
ports includes nearly 10 mt of
palm oil.
Additionally, imports of
sunflower oil have reached
unprecedented levels as large
volumes of this premium oil
are being offered at a discount
from the Black Sea region, it
said.
REPLENISHING STOCKS
While consumption of veget­
able oils has recovered this
marketing year, recent large
volumes of imported oils will
also help replenish stocks in
India and support growing
demand during festivals in
coming months, it said.
Terming 16.5 mt of im­
ports as a reasonable estim­
ate, BV Mehta, Executive Dir­
ector of Solvent Extractors’
Association of India (SEA),
told businessline that he won’t
be surprised if shipments ex­
ceed that range.
Stating that the line­up for
September and October may
be around 2.5­plus mt, he said
India has already imported
around 14 mt up to August.
The country had imported
13.1 mt in 2016­17, which was
the record for an all­time
high. He opined that 2022­23
will break all previous re­
cords.
DROP IN PRICES
Agreeing with USDA estim­
ates, Sudhakar Desai, Presid­
ent of Indian Vegetable Oil
Producers’ Association
(IVPA), said there has been a
rebound in vegetable oil con­
sumption due to the steep de­
cline in the prices compared
solutions for our research­
ers, effectively reiterating
our commitment to provid­
ing world­class products for
our farmers well into the
future.”
NABL ACCREDITATION
Simultaneously, the Seed
Health units will dedicate
their efforts to developing,
validating, and aligning
pathogen testing protocols
with international standards
like ISTA and ISF. This facil­
ity will serve as the corner­
stone for testing seeds for
commercial purposes, re­
search, or domestic and for­
eign markets, the company
said in a statement.
Recently, three of NSPL’s
laboratories—Quality Con­
trol (QC), Molecular Biology,
MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
to the previous year.
He said around 4,00,000­
5,00,000 tonnes of imports in
August have led to excess
stock build­up in India. There
has been around 6­7 per cent
of consumption growth in the
country after a stagnant de­
mand in the previous two
years due to high prices, he
said.
Since the share of refined
olein has increased to about
30 per cent of the palm im­
port basket, IVPA recom­
mends widening the duty gap
between crude palm oil and
refined oils to avoid excessive
imports. The increase in the
import of refined palm oil has
been severely damaging
the domestic refining in­
dustry, Desai said.
The USDA report said In­
dia’s imports in the new mar­
keting year 2023­24 are pro­
jected to decline to 14.6 mt, as
unusually large oil inventor­
ies are expected at the end of
the current season.
The report also hoped that
larger carrying stocks would
help alleviate any uncertain­
ties about El Niño effects on
domestic and Southeast Asia
oil output.“Ending stocks at
the end of 2023­24 are projec­
ted to decline year over year
due to higher consumption,
but still remain elevated,” it
said.Agreeing with this, Me­
hta said Indian imports will
reduce in 2023­24 because
the country will be carrying a
huge stock. Normally the
country carries around 2 mt
of stock for the next year.
However, it may go up to 3.5
mt during this year, he said.
and Seed Health achieved ac­
creditation from the prestigi­
ous National Accreditation
Board for Testing & Calibra­
tion Laboratories (NABL).
“These dual milestones
are a powerful testament to
NSPL’s unwavering dedica­
tion to excellence in agricul­
ture. Our state­of­the­art
greenhouse and NABL­ac­
credited labs signify our
commitment to providing
the highest quality seeds and
groundbreaking solutions.
With these resources, we are
now better equipped than
ever to serve the needs of
both farmers and consumers,
ensuring a sustainable and
prosperous future for all,”
said Sameer Sawant, Presid­
ent (Seeds Business), Namd­
hari Seeds.
... . . . . . . BM­BME

MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
QUICKLY.
SC refuses to interfere in
Delhi cracker ban issue
New Delhi: The Supreme Court
Wednesday refused to
interfere with the Delhi
government’s order putting a
comprehensive ban on
manufacture, storage, sale and
bursting of firecrackers in the
capital city. BJP Lok Sabha MP
Manoj Tiwari told a Bench of
Justices AS Bopanna and MM
Sundresh that a complete ban
has been imposed on
firecrackers despite the court
allowing bursting of green
firecrackers. PTI
Press Council to study
retrenchment of journalists
New Delhi: The Press Council of
India said it has set up a panel to
study the retrenchment of
journalists by various media
groups during the Covid­19
pandemic. The panel is seeking
details from journalists who were
retrenched between March 2020
and February 2021, a PCI
statement said. The PCI made it
clear that the sub­committee's
work of collection of data was
purely an academic exercise and
shall form part of the report. PTI
HC stays CID petition
seeking Naidu’s custody
Amaravati: The Andhra Pradesh
High Court on Wednesday
stayed the proceedings in a
petition filed by the state CID
seeking the custody of TDP chief
N Chandrababu Naidu in
connection with the multi­crore
Skill Development Corporation
scam, till September 18. The
court which was hearing a
petition filed by Naidu
requesting quashing the FIR
registered against him in the
case, posted for further hearing
on September 19. PTI
15 nations join UN convention to promote First C­295 aircraft leaves Spain for India;
legal certainty in judicial sale of ships will lend tactical airlift strength to IAF
TE Raja Simhan
Chennai
In a significant development,
15 countries, including China,
Saudi Arabia, Singapore and
Switzerland, signed the UN
Convention on the Interna­
tional Effects of Judicial Sales
of Ships to promote legal cer­
tainty and predictability at the
international level by creating
a uniform regime for the inter­
national effects of ‘judicial’
sales of ships.
The Beijing Convention on
the Judicial Sale of Ships, as it
is now known, was developed
by the United Nations Com­
mission on International
Trade Law (UNCITRAL) to
address the problem of bona
fide new owners and those fin­
ancing the purchase of vessels
who, for instance, find them­
selves dealing with previous
creditors laying claim to the
ship as security for a loan.
‘Women’s participation still
low in blue­collar industry’
Our Bureau
Bengaluru
Women’s participation in the
blue­collar industry has in­
creased by 35–40 per cent
post­pandemic, but overall
percentage of women in the
blue­collar workforce is ex­
tremely low and stands still
between 14­15 per cent, ac­
cording to a report by Entitled
Solutions.
The report revealed that do­
mestic responsibilities, soci­
etal norms, concerns about
physical safety, and disparities
in digital and skill literacy are
primary factors contributing
to the gender gap. Women’s
participation in blue­collar
jobs in India has ranged
between 10 and 15 per cent in
recent years.
In terms of recruitment and
hiring, women workers are
predominantly recruited
through community­oriented
networks, while male workers
often find job opportunities
CM
YK
Nipah situation ‘under control’
but Kerala stays on high alert
PREVENTIVE ACTION. Wards in 9 Kozhikode panchayats declared containment zones
V Sajeev Kumar
Kochi
The outbreak of the Nipah
virus in Kerala’s Kozhikode dis­
trict has forced the State gov­
ernment to declare several
wards in nine village panchay­
ats in the district, where two
people died, as containment
zones.
An alert has also been issued
to the neighbouring districts of
Malappuram, Kannur, and
Wayanad to prevent the spread
of the infection. As many as
seven people are under treat­
ment, and the situation is very
much under control, official
sources said.
Health Minister Veena
George told the Legislative As­
sembly that the Nipah virus
strain is a Bangladesh variant
that spreads from human to
human and has a high mortal­
ity rate but is less infectious. A
team from the National Insti­
tute of Virology, Pune, is expec­
Cauvery issue: Karnataka to move regulatory panel again
Press trust of India
Bengaluru
Karnataka Chief Minister
Siddaramaiah on Wednes­
day said the state will once
again file a petition before
the Cauvery Water Regula­
tion Committee (CWRC),
expressing its inability to
release Cauvery water to
Tamil Nadu.
CWRC on Tuesday re­
commended that Karnataka
release 5,000 cusecs of wa­
ter every day for the next 15
days to the neighbouring
State.
EMERGENCY MEETING
The Chief Minister, who
held a “special emergency
meeting” today following
the CWRC recommenda­
The United Nations European
headquarters in Geneva,
Switzerland (file image) REUTERS
The convention was
opened for signatures at a ce­
remony in Beijing on Septem­
ber 5, according to the United
Nations.
HARMONISED REGIME
The convention establishes a
harmonised regime for giving
international effect to judicial
sales, while preserving do­
mestic law governing the pro­
cedure of judicial sales and the
through digital platforms and
job boards.
POSITIVE CHANGES
Regarding the workplace en­
vironment, the report notes
that traditionally, harassment
and discrimination against
women in blue­collar jobs have
been prevalent. However, pos­
itive changes are emerging
thanks to government
policies, NGOs, and civil
groups advocating for safety,
training, and support for wo­
men workers.
Anshul Khurana, Co­
founder of Entitled Solutions,
said,” The report is a profound
revelation of the challenges
women face in these roles. It’s
a reflection of societal norms,
workplace biases, and sys­
temic barriers. Yet, it’s also a
testament to the resilience and
untapped potential of women
in blue­collar work. To bridge
this gender gap, we need a col­
lective effort, from govern­
ment incentives to specialised
training programmes.”
TAKING NO CHANCES. Residents fix a sign reading “Nipah
containment zone” on a barricade in Ayanchery village in Kozhikode
ted to reach Kozhikode and set
up a mobile lab at Kozhikode
Medical College to conduct
tests on the virus and a survey
of the bats.
A team from the Indian
Council of Medical Research
has also agreed to fly down
with the monoclonal antibod­
ies that are required to treat
Nipah patients, she said.
Rajeev Jayadevan, member
Karnataka Chief Minister Siddaramaiah (left) with Deputy Chief
Minister DK Shivakumar during the all­party meeting PTI
tion, said the government
will consult its legal team
regarding releasing water
and take a decision, and will
also once again file a peti­
tion in the Supreme Court
explaining the factual situ­
ation on the ground.
“... Let’s see what they
will do, based on that we will
circumstances in which judi­
cial sales confer clean title. By
ensuring legal certainty to the
title that the purchaser ac­
quires in the ship as it navig­
ates internationally, the con­
vention is designed to
maximise the price that the
ship is able to attract in the
market and the proceeds avail­
able for distribution among
creditors, and to promote in­
ternational trade.
The UN General Assembly
has called on all states wishing
to strengthen the interna­
tional legal framework for
shipping and navigation to
consider becoming parties to
the convention.
The International Maritime
Organisation (IMO) said it
was supporting the establish­
ment of the convention by act­
ing as the repository for these
notices and certificates of judi­
cial sale. Information on
pending and completed judi­
cial sales of ships will be ac­
A reality show to help TN start­ups pitch for investments
‘Startup Thamizha’, modelled on Shark Tank, is expected to go on air from January
TE Raja Simhan
Chennai
The Tamil Nadu Startup and
Innovation Mission (Star­
tupTN), under the Micro,
Small, and Medium Enter­
prises Department, as the
State government’s nodal
agency for Start­ups and in­
novations, has announced the
launch of ‘Startup Thamizha,’
a first­of­its­kind Tamil start­
up reality show.
The show will bridge the
gap between start­ups and in­
vestors while creating aware­
ness about start­ups across
the State, in the march to­
wards making Tamil Nadu
one of the top 20 global start­
up destinations.
REALITY SHOW
StartupTN has conceptual­
ised ‘Startup Thamizha’ as a
television reality show to
sensitise start­up founders
of the Public Health Advisory
Panel, IMA­Kerala, said the
State has seen four outbreaks
of the Nipah virus so far, and
historically, they have been as
self­contained as they were
elsewhere. Once a person is in­
fected symptomatically, the
Nipah virus carries a very high
mortality risk. But unlike
Covid­19, its ability to spread
in the community is limited.
once again file a petition in
the Apex Court and we will
try to inform the court of
the factual situation on the
ground,” Siddaramaiah said.
Speaking to media after
the meeting here, he said,
“We will consult the legal
team whether to release
5,000 cusecs per day or not.
cessible online via a dedicated
module on the IMO’s Global
Integrated Shipping Informa­
tion System (GISIS) platform.
With the Convention on
the International Effects of Ju­
dicial Sales of Ships having
now been adopted, the IMO is
encouraging member states to
ratify the agreement. Article
21 of the convention provides
that it will enter into force 180
days after the date of deposit of
the third instrument of ratific­
ation, acceptance, approval or
accession.
Maritime transport plays a
leading role in international
trade, and it is estimated that
more than 90 per cent of global
traded goods are transported
by sea. This makes the ship a
vital asset, without which
global commerce would not be
possible. However, matters re­
lated to international shipping
are often afflicted with legal
difficulties arising from lack of
international harmonisation.
PROMISING START. (From left) Sivarajah Ramanathan,
CEO StartupTN; Arun Roy, Tamil Nadu Industry Secretary;
Hemachandran, Founder CEO, Brand Avatar; and Blue Koi R
Balachander, consortium partner pose with the agreement
and aspirants by showcasing
start­ups pitching their innov­
ations before global investors
and raising funds. It will cre­
ate awareness on how entre­
preneurs and innovators with
a novel and scalable product
or solution could make a big
dream come true without
worrying about challenges.
‘Startup Thamizha’ is aimed
With contract tracing and
quarantine, spread can be fur­
ther minimised.
KNOWLEDGE GAP
The main knowledge gap from
a scientific standpoint is the
mechanism by which the virus
that is freely circulating among
fruit bats enters the human
body. Even though it is often
presumed to be due to con­
sumption of half­eaten fruit,
this has not been conclusively
proven and is likely to be wrong
for several reasons, he said.
Looking forward, this know­
ledge gap needs to be ad­
dressed with greater diligence.
For instance, the virus is
present in various body fluids
and in the excrement of the
bat. Naturally, this material is
dropped onto the ground and
could come into contact with
humans. Alternatively, there
can be an intermediary agent.
This could be an opportunity
to crack the case for the benefit
of the world at large, he added.
Deputy Chief Minister DK
Shivakumar is going to
Delhi to discuss this with
the legal team and also re­
garding filing a petition.
Keeping all this in mind, we
will make a decision after­
wards.” Other than Shivak­
umar, who is also Minister
in­charge of Water Re­
sources, Ministers of the
Cauvery basin region,
former Chief Ministers of
all parties, senior Ministers
of the state cabinet, Lok
Sabha and Rajya Sabha
members were invited to
participate in the emer­
gency meeting.
However, BS Yediyurappa
and Basavaraj Bommai of
the BJP and HD Ku­
maraswamy of the JD(S) did
not attend the meeting cit­
ing prior commitments.
Our Bureau
New Delhi
The first C­295 tactical airlift
transporter took off for India
from the Seville airfield of Air­
bus Defence and Space in
Madrid, Spain, on Wednesday,
with Air Chief Marshal VR
Chaudhari dubbing the ac­
quisition a major milestone
for enhancing the capability of
the force.
Flown by a joint IAF­Airbus
crew, the C­295, the first of 16
aircraft that will come out of
Airbus’ San Pablo Sur facility
at Seville and the remaining
40 to be manufactured by Tata
Advanced Systems Ltd. in Gu­
jarat, will make stopovers at
Malta, Egypt, and Bahrain be­
fore landing at the Vadodara
air base towards the weekend.
‘MAJOR MILESTONE’
The Air Chief Marshal also
boarded the aircraft before in­
at bringing cultural change in
the minds of innovators and
making them become em­
ployers with optimum use of
available resources and en­
couraging innovators as well
as aspirants to take risks and
shun fear of failure. The show
will also shedlight on the new­
age. Sivarajah Ramanathan,
Mission Director and CEO,
PARCHED SHORE
TOUGH TIME. A view of a houseboat resting on a caked bed on the edge of Jhelum river in
Srinagar. River Jhelum has been drying up due to a continuous dry spell NISSAR AHMAD
Parliament Special Session: Centre
calls for all­party meet on Sept 17
KR Srivats
New Delhi
The Centre has convened a
meeting of the floor leaders of
all political parties on Septem­
ber 17, a day before the sched­
uled start of the five­day Spe­
cial Session of Parliament,
Pralhad Joshi, Parliamentary
Affairs Minister, informed on
Wednesday.
There is no clarity on what
will be the agenda for the Spe­
cial Session of Parliament
slated to commence on
September 18. Indications are
that the likely agenda will be
shared with the floor leaders of
all parties on September 17.
“Ahead of the Parliament
session, an all­party floor lead­
ers meeting has been con­
vened on the 17th at 4.30 p.m.
The invitation for the same has
been sent to concerned leaders
through email. Letter to fol­
low”, Joshi posted on X
(formerly Twitter).
While the exact reason for
calling the Special Session is
still not known, speculation is
Chief of Air Staff Air Chief Marshal VR Chaudhari takes a sortie on
the first C­295 aircraft in Seville on Wednesday PTI
specting it, along with IAF pi­
lot Group Captain PS Negi.
On officially receiving the
keys to the transporter at
Seville, Air Chief Marshal VR
Chaudhari said the acquisi­
tion was a major milestone for
two reasons: “First, for the
IAF, it improves our tactical
airlift capabilities. For At­
manirbhar Bharat,the 17th
aircraft onward will be made
in India. It’s a big step for the
Startup TN, told businessline
that while the reality show is
modelled on Shark Tank it is
completely different. The
show is planned to be
launched in January, with the
Chennai­based Brand Avatar
winning the bid to produce it.
In Shark Tank, there were
only four investors on the
panel who would fund the
start­up. However, in Startup
Thamizha, there will be a
panel and around 50 investors
in the audience. It is quite sim­
ilar to the Super Singer show,
where there will be a set of
judges and a large audience.
However, in Startup Tham­
izha, instead of general public,
investors will be there, he said.
The show will be telecast
on one of the channels that is
among the top three — Sun
TV, Vijay TV, and Zee TV — in
the TRP ranking. It will be de­
cided by the producer, said
Ramanathan.
news . bl . 11
rife that the meeting would see
the government discussing re­
cent success stories such as the
G20 Summit’s Delhi Declara­
tion and Chandrayaan­3 lunar
landing.
There is also wide specula­
tion that the government may
even move a resolution to re­
christen India as Bharat.
NO QUESTION HOUR
The Special Session of Parlia­
ment will be held from
September 18 to September
22, and there will be no ques­
tion hour, zero hour, or private
members’ business.
Meanwhile, Congress Gen­
eral Secretary Jairam Ramesh
hit out at the government,
stating that “only two people”
Indian aviation industry,
where we will be manufactur­
ing the first military transport
aircraft in the country.”
The C­295, which wears an
indigenous electronic warfare
suite, marks the beginning of
the replacement of the IAF’s
ageing Avros­748 fleet. It can
carry up to 71 troops or 50
paratroopers, airdrop cargo,
be used for medical evacu­
ation, and take­off and land on
Chennai Metro inks 3 pacts
worth ₹4,058 cr with RVNL
Our Bureau
Chennai
Chennai Metro Rail Ltd
(CRML) on Wednesday
signed three contract agree­
ments with Rail Vikas Nigam
Ltd (RVNL) for a combined
value of ₹4,058.20 crore.
The scope of three pack­
ages involves the construc­
tion of 12 full underground
metro stations and four un­
derground metro station
works other than diaphragm
walls from Kilpauk Metro to
Taramani, according to a re­
lease from CMRL.
On July 20, 2023, a letter
of Acceptance (LOA) was is­
sued for three tenders. The
three packages are funded by
the Japan International Co­
operation Agency.
The Contract Agreement
was signed by T Archunan,
Director (Projects), on be­
half of CMRL, and
Kamalakara Reddy, Chief
Project Manager/Coordina­
know about the agenda, even
as only a few days are left for its
commencement.
“Today is September 13th.
The five­day Special Session of
Parliament will commence
five days from now, and
nobody — barring one man
(ok, perhaps the other one
too) — has any sense of the
agenda.On every previous oc­
casion, when Special Sessions
or Special Sittings were held,
the list of business was known
in advance,” Ramesh posted
on X (formerly Twitter).
He also listed out the previ­
ous occasions when a Special
Sitting of Parliament was con­
vened and the business that
was notified in advance and
taken up at the meeting.
short and unpaved runways.
The second aircraft will be
delivered to the IAF in May
2024, and the next 14 will be
rolled out at a rate of one per
month until August 2025, Air­
bus stated in a statement.
However, the first C295 ‘Make
in India’ will emerge from
TASL’s Vadodara final as­
sembly line in September
2026. “The production of
components for these aircraft
has already started in the
Main Constituent Assembly
(MCA) facility in Hyderabad.
These parts will be shipped to
the Vadovara FAL, which is ex­
pected to be operational by
November 2024,” the Airbus
stated.
The final aircraft is expec­
ted to be delivered to the IAF
by August 2031. With 283 or­
ders from 41 operators, the
C­295 is the undisputed
leader in its segment and
stands out for its versatility,
stated Airbus.
tion/Chennai, on behalf of
RVNL, in the presence of
MA. Siddique, Managing Dir­
ector, CMRL, the release
said.
... . . . . . . BM­BME
12 . bl . news
QUICKLY.
‘Saudi, Russian oil cuts to
cause big supply shortfall’
Paris: Oil cuts by Saudi Arabia
and Russia will cause a
significant global supply shortfall
through the end of the year,
raising the risk of further market
volatility, said the International
Energy Agency on Wednesday.
The warning in the IEA’s
monthly market report comes a
day after oil prices jumped
following OPEC’s own update
showed that the gap between
global supply and demand
would be the widest since 2007.
“The Saudi­Russian alliance is
proving a formidable challenge
for oil markets,” said the IEA. Oil
prices had been slumping in
recent months after surging
following Russia’s invasion of
Ukraine last year. AFP
Libya flood has left 30,000
people homeless: UN agency
Tripoli: At least 30,000 Libyans
have been left homeless in the
eastern city of Derna in
devastating flash floods unleashed
by Storm Daniel, said the
International Organisation for
Migration on Wednesday. “At least
30,000 individuals displaced in
Derna,” said the UN agency,
adding that thousands more had
been left homeless in nearby
towns. Two river dams burst after
the storm hit on Sunday
afternoon, releasing an enormous
surge of water that tore through
the Mediterranean coastal city,
sweeping away buildings and the
people inside them. AFP
MIXED DOUBLES
A SMASH HIT. Badminton player PV Sindhu clicks a selfie with Apple CEO Tim Cook as the
company announced the launch of new products in California on Tuesday PTI
London’s Old War Office to open
doors on Sept 26 as luxury hotel
Our Bureau
New Delhi
The Old War Office (OWO)
of Britain will be inaugurated
on September 26 as a brand
new luxury hotel in the heart
of London. The Hinduja
Group and Raffles had
partnered for the restoration.
“When we came to White­
hall, the team were blown
away by the size and beauty of
this majestic building,” said
Sanjay Hinduja, who has
overseen the project.
“No expense has been
spared in bringing it back to
its former glory and paying
homage to its heritage while
breathing life into it. Along
with Raffles London at The
OWO, we hope to create a
legacy that is both timeless
and unsurpassed,” he said.
CM
YK
Six airbags not mandatory: Gadkari
CHANGED STANCE. Says Star rating, Bharat new car assessment programme sufficient to judge safety of cars
S Ronendra Singh
New Delhi
In a major relief to the
automobile industry, the
government said on Wed­
nesday that six airbags in
passenger cars will not be
made mandatory.
“We don’t need to make
it mandatory...everyone
[car companies] is doing it,
and some of them are mak­
ing advertisements and get­
ting good share [in sales],
and those who don’t want
to do it, they are pressing
them [cars with six airbags
in sales]...if they want good
sales, they have to make six
airbags, and if they don’t
want to make it, it is their
problem.
“We don’t want to make
it mandatory,” said Nitin
Gadkari, Minister of Road
Transport and Highways
‘Import of Tesla’s parts from India to double this year to $1.9 b’
S Ronendra Singh
New Delhi
American electric vehicle
giant Tesla had imported
components worth $1 bil­
lion from Indian compan­
ies last year, and this year it
is expected to import parts
worth $1.7­1.9 billion, the
government informed on
Wednesday.
Speaking at the annual
session of Automotive
Components Manufactur­
ers Association of India
(ACMA), Commerce and
Industry Minister, Piyush
Goyal, said many global
companies are sourcing
automotive components
from India, and this will
grow in the coming days.
“Lat year, Tesla bought $1
COMPLETE MAKEOVER. The Hinduja Group and Raffles had
partnered to restore The Old War Office
The Hinduja Family had ac­
quired the landmark building
on Whitehall, opposite
Downing Street, over eight
years ago and tied up with
Raffles Hotels to transform
the building into an extravag­
ant hub, complete with lux­
ury residences, restaurants
and spas.
The Old War Office, origin­
FOCUS ON SAFETY. Nitin Gadkari, Union Minister of Road
Transport and Highways, addresses the annual session
of ACMA, in New Delhi, on Wednesday
(MoRTH). Speaking at the
annual session of Automot­
ive Components Manufac­
turers Association of India
(ACMA), he said the Star
rating and Bharat NCAP
(New Car Assessment Pro­
billion of components, I
think, from all of you sit­
ting here...this year, the tar­
get is $1.7 or 1.9 billion.
“Yesterday, I had a con­
versation with some of the
other auto industry parti­
cipants, and they also in­
dicated that they had the
interest in coming to India
and, therefore, I am con­
vinced that this is the fu­
ture,” he said.
Goyal said the govern­
ment has been encouraging
domestic manufacturing
not only for our own con­
sumption, but also for ex­
ports, making India an ex­
port hub.
“It’s something which
we must try to attract­
...government also has a
track record of nine years
plus now, where everything
ally completed in 1906 and
designed by British architect
William Young, was formerly
the site of the original Palace
of Whitehall. The building
has since witnessed world­
shaping events while influen­
tial political and military
leaders, such as Winston
Churchill and David Lloyd
George, held office in the UK.
gram) ratings are sufficient
to judge the safety of cars
by customers.
When asked about the
status of the regulation,
which was supposed to kick
off on October 1, and if it
ON TRACK. Piyush Goyal, Commerce and Industry Minister,
said more global companies will start sourcing components from
India in the coming days
we have done had been
done equally — without
any differentiation,
without any preferences,”
he said.
TESLA FACILTY
Elon Musk, CEO of Tesla,
had recently said that the
No ban on
iPhone use by
govt officials,
says China
Agence France­Presse
Beijing
China, on Wednesday,
denied there was any ban on
officials purchasing or using
foreign phones, including
iPhones, after reports said
Beijing was prohibiting civil
servants from using Apple
handsets.
“China has not issued any
laws, regulations, and policy
documents prohibiting the
purchase and use of foreign
brand smartphones, includ­
ing iPhone,” said Foreign
Ministry spokesperson Mao
Ning.
“We always have an open
attitude towards foreign­
funded enterprises,” she ad­
ded. Apple shares fell sharply
last week following reports
of significant Chinese re­
strictions on iPhones at gov­
ernment offices and state­
backed entities.
Its grand architecture has
also made the building a back­
drop for James Bond films
and, more recently, The
Crown series, on Netflix.
‘TRULY A LEGEND’
“Everyone at Accor feels hon­
oured and privileged to be
part of this historic project
that has surpassed all expect­
ations – truly a legend in the
making and possibly the most
awe­inspiring hotel on the
planet,” said Sébastien Bazin,
Accor Chairman & CEO.
“Together with the
Hinduja family, we proudly
invite locals and travellers
alike to experience this ex­
traordinary hotel, as well as
the authenticity and gra­
ciousness of Raffles, one of
our most prestigious brands
in one of the world’s greatest
cities,” he said.
has been finalised as some
of the manufacturers are
geared up for it, Gadkari
said: “Bharat NCAP star
rating has already started.
Now, the manufacturers
who are giving six airbags
[as standard]...they will get
more market share. They
are already accepted by the
market.”
Without naming Maruti
Suzuki India, which still has
reservations about provid­
ing six airbags as standard
in its cars, including Alto
and S­Presso, the Minister
said it is up to the company
and the decision lies with
them.
‘IT’S COMPANY’S CALL’
“One company, they may
have some reservations, it
is up to them...whether you
want to do it or not, we
leave it you. But now people
are cautious, and whatever
the economic model,
company would soon be
setting up a manufacturing
base in India.
Meanwhile, when asked
about foreign firms looking
to invest in India as part of
their China plus one
strategy, Goyal said global
companies are coming to
AWS joins hands with ISRO, IN­SPACe to
expand space innovations using cloud tech
Our Bureau
Bengaluru
Amazon Web Services (AWS)
India has signed a strategic
Memorandum of Under­
standing with the Indian
Space Research Organisation
(ISRO) and Indian National
Space Promotion and Au­
thorisation Centre (IN­
SPACe) to support space­
tech innovations through
cloud computing.
The collaboration will give
space start­ups, research in­
stitutes, and students access
to advanced cloud technolo­
gies that accelerate the de­
velopment of new solutions
in the space sector, according
to the company.
SPACE TECH
“Cloud computing­led in­
novations enable the space
industry to make better de­
cisions faster, pushing the
boundaries of possibilities,
IndiGo to use tech to monitor pilot fatigue
Forum Gandhi
New Delhi
IndiGo is set to adopt a
wrist device and utilise a
ground­based tool to detect
the fatigue levels of pilots.
The low­cost­carrier will do
this in partnership with the
French aerospace conglom­
erate Thales Group.
“IndiGo has partnered
with the Thales Group as an
early adopter of their fa­
tigue analysis tool. This ini­
tiative is to develop a fa­
tigue detection model that
offers detailed insights into
demographic data, includ­
ing routes, pairings, crew
profiles and more, going
beyond traditional schedul­
ing­focussed biomathemat­
ical models.
“The programme will use
real­time data, historical in­
formation, and predictive
analytics, with the data col­
lected being de­identified.
people prefer to take a car
with six airbags. So, it is up
to the market and now it is
the manufacturers and
people to decide, so we
leave it to them,” Gadkari
added.
Commenting on the an­
nouncement made by
Gadkari, a leading car man­
ufacturer said that most
passenger cars, especially
those priced ₹8 lakh and
above, come with six
airbags as standard now,
and they will also do the
same for future models.
“From the safety point of
view, a lot of features are
getting added, and getting
six airbags as standard has
become a norm for us now.
The passenger cars come
with an occupant detection
system, and also a three­
point seatbelt for the
middle passenger at the
rear seat,” said a senior offi­
cial with a leading company.
India because of its
attractiveness.
“I totally debunk and re­
ject the China plus one the­
ory. That’s not what is go­
ing to drive India...India of
today stands on its own
feet. The India of today has
offerings for the rest of the
world,” he noted.
‘TRUSTED PARTNER’
India provides them good
business environment,
skills, managerial talent, a
big market, and demand
generated by 1.4 billion
people, said Goyal, adding
that companies around the
world have gone beyond
the China plus story, and
are looking at India as a
“trusted partner” and “In­
dians as people you could
trust”.
and we are committed to
helping start­ups identify use
cases and accelerate solution
development, and building a
strong talent pool in India
with expertise in cloud and
space. We look forward to
helping customers in India
build space­tech solutions to
make life on Earth better,”
says Shalini Kapoor, Director
and Chief Technologist, Pub­
lic Sector, AWS India and
South Asia.”
ISRO, IN­SPACe, and
AWS will work collaborat­
We remain committed to
our pilots’ well­being, en­
suring their health and
mental well­being, ulti­
mately enhancing passen­
ger safety,” said IndiGo.
TRIAL TO START
IndiGo plans to conduct a
proof­of­concept trial of
the technology­driven in­
terface to gauge pilot alert­
ness levels over the next
few months.
Senior Vice­President of
Flight Operations, Ashim
Mitra, said in an internal e­
mail to the airline’s employ­
ees that once the trial con­
cludes, they will collect­
ively assess the
effectiveness and accuracy
of the data.
However, they will main­
tain the current system, al­
lowing pilots to request re­
moval from duty when they
feel fatigued.
“We are currently in the
process of bringing on
‘Need to review, re­align
businesses with focus
on sustainability’
S Ronendra Singh
New Delhi
With India’s passenger vehicle
industry set to touch 60­70 lakh
units a year by FY31, there is a
need to review and re­align
businesses with an enhanced
focus on sustainability, said
Maruti Suzuki India Ltd
(MSIL) on Wednesday.
Speaking at the annual ses­
sion of ACMA, Hisashi Takeu­
chi, MD and CEO, MSIL, said:
“This means the scale of opera­
tions will nearly double from
the present levels. Our busi­
nesses will, therefore, need to
be reviewed and re­aligned to
the new and much higher scale
of operations, which will spread
across multiple locations.
“At the same time, we need
to find ways to make our opera­
tions sustainable and environ­
mentally friendly.”
Referring to the Prime Min­
ister’s message on Tuesday,
Takeuchi said the PM has asked
the industry to make concerted
efforts to work on powertrain
technologies such as ethanol,
flex­fuel, CNG, BioCNG, hy­
brid­electric, electric, and hy­
ively to nurture and grow the
start­up community in the
space tech sector.
AWS will provide eligible
space start­ups with tools, re­
sources, and expert technical
support at no cost through
the AWS Activate pro­
gramme. Moreover, start­ups
will also benefit from access
to AWS and its global experi­
ence building aerospace and
satellite solutions through
the AWS Space Accelerator
programme.
Advancing innovation in
the space sector is a top pri­
ority for our nation, as geo­
spatial solutions have the
power to deliver high­quality
services for good governance
for citizens and add value to
stakeholders, according to
Sudheer Kumar N, Director,
Capacity Building and Public
Outreach, ISRO.
SPEEDY MANAGEMENT
Cloud computing enables
the speedy management of
board a reputable external
consultant to enhance our
fatigue risk management
processes. The initiative
will play a vital role in im­
plementing a robust fatigue
risk management system in
the coming months.
“This strategic step will
facilitate a performance­
based approach, and will
enable us to develop
tailored fatigue mitigation
strategies based on our
unique operational and or­
ganisational characteristics
and the specific nature of
MUMBAI
businessline.
THURSDAY ­ SEPTEMBER 14 ­ 2023
Hisashi Takeuchi, MD and
CEO, Maruti Suzuki India
drogen. “Since the Indian mar­
ket is so diverse and wide, it is
our responsibility to work on
these powertrain technologies
to serve the environment. We
also look forward to our com­
ponent vendor partners to sup­
port us in these powertrain
technologies,” he said. Takeu­
chi noted that developments
around sustainability are hap­
pening globally, too, leading to
adoption of new technologies
and fuels.
“This presents a big oppor­
tunity, especially for Indian
auto component manufactur­
ers, to diversify and grow busi­
ness. To leverage the opportun­
ity and increase
competitiveness, greater focus
on capacity and capability is re­
quired,” he said.
large volumes of raw space
data, besides running AI, ML,
and analytics workloads to
achieve meaningful out­
comes in a highly cost­effect­
ive manner.
“This partnership with
AWS is a testament to that,
and through it, we aim to em­
power start­ups, students,
and researchers to dream
beyond the skies, drive in­
novation, and contribute to
the global space industry,”
said Vinod Kumar, Director,
Promotion Directorate,
IN­SPACe.
The three organisations
will also collaborate on a new
initiative to train students
and educators in cloud com­
puting, AI, ML, analytics, and
security by leveraging AWS
education programmes. This
initiative will enable stu­
dents to pursue industry­re­
cognised cloud computing
certifications and build fu­
ture space start­ups in India
using advanced technologies.
our fatigue risks. More in­
formation will be shared
with you soon,” said Mitra.
Initially, these ground
devices will be deployed at
major IndiGo bases, such as
Delhi, Mumbai, Bengaluru,
and Chennai, where pilots
will undergo a brief five­
minute test. Mitra emphas­
ised that this initiative
places them at the forefront
of airline safety and innova­
tion, setting a new industry
standard.
This decision by IndiGo
follows a tragic incident in
which one of the pilots fell
unconscious while on duty
at Nagpur airport on Au­
gust 17, leading to his death.
This incident has raised
concerns about the rise in
fatigue among flight crew,
with pilots asserting that
airlines were exploiting the
lax regulations of DGCA to
extend their flying hours,
potentially compromising
on passenger safety.
... . . . . . . BM­BME
 market.radar . bl . I
MUMBAI

businessline. For BSE/NSE live quotes, scan

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THURSDAY ­ SEPTEMBER 14 ­ 2023 https://bit.ly/2FpossK

Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl

360 ONE WAM 545.85 528.65 545.20 552.40 524.10 422.85 1960.00 395.10 ­ ­ Cent.Bk 37.60 40.40 37.60 40.65 36.6036419.83 42.34 18.65 20 40.42 GP Petrol [5] 43.20 44.00 43.20 44.20 42.45 108.63 65.95 30.90 12 44.08 Kirl.Elec 107.25 106.75 107.45 108.90 103.35 240.25 100.80 26.95 20 ­
3IInfotech 36.30 37.25 36.35 37.60 36.30 573.85 54.20 26.25 ­ ­ Cent.Ply [1] 677.40 675.40 685.00 689.20 664.80 120.24 720.60 436.65 42 675.15 Granuels [1] 307.75 320.55 313.70 325.85 312.85 8981.72 381.25 267.85 18 320.50 Kirl.Ind 3342.45 3279.70 3342.45 3388.00 3260.00 3.66 3750.00 1593.95 39 3276.95
3m India 31716.20 31135.35 31799.95 32269.95 31001.00 5.98 33329.30 21380.70 7831065.95 Cent.Txt 1008.15 1047.85 1018.90 1055.20 998.40 243.61 1140.00 588.80 42 1048.20 Graphite [2] 481.65 502.40 483.00 514.10 477.60 2784.49 548.15 251.75 38 501.80 Kirl.Oil [2] 497.90 487.90 500.00 511.40 485.25 620.86 551.75 220.00 23 488.25
5PaisaCap 445.10 446.35 445.50 450.00 435.55 40.92 485.60 271.25 27 446.35 CentDepoSer 1333.80 1319.20 1335.00 1364.90 1291.80 2398.97 1430.00 880.90 ­ ­ Grasim [2] 1870.95 1933.00 1879.00 1946.50 1855.65 2885.26 1947.75 1528.00 73 1933.65 KirloskarFer 455.90 451.60 456.95 468.95 441.00 179.97 534.00 236.55 ­ ­
63MoonsTec [2] 303.00 300.35 292.25 302.70 288.05 111.44 360.15 142.05 11 299.95 CentrumCap [1] 23.95 24.10 24.00 24.85 23.65 220.02 29.95 17.50 ­ 24.09 Graur&WeilIn 129.40 130.95 129.50 133.55 126.10 293.15 144.60 61.35 ­ ­ KirloskrPneu 614.95 597.10 610.25 617.75 591.40 53.10 699.85 542.50 ­ ­
Cera San [5] 8871.90 8804.50 8890.90 9072.90 8670.65 33.23 9782.25 4950.00 50 8805.80 Gravita [2] 756.05 758.35 756.95 772.00 706.60 447.09 812.00 297.00 42 759.00 Kitex [1] 191.25 193.10 193.00 194.45 188.40 217.18 231.65 135.50 42 193.30
A .............................................. CESC [1] 85.90 88.55 86.00 88.95 83.70 7176.17 94.40 62.25 14 88.43 Greenlam In [1] 436.90 439.75 432.00 446.40 428.50 19.04 522.95 280.00 42 440.60 KM Sug [2] 31.25 32.60 31.10 32.70 31.00 784.04 35.64 22.83 9 32.59
AAATech 59.05 59.50 59.05 60.80 58.20 49.44 82.65 41.85 ­ ­ CGPowr&InS [2] 440.40 443.40 439.00 452.00 420.00 2121.60 459.25 223.95 84 441.95 GreenPly [1] 163.95 163.70 161.00 165.00 158.10 311.51 206.70 133.85 19 163.30 KNR Con [2] 268.15 269.90 270.50 276.00 267.50 732.69 286.95 202.85 18 269.55
Aarti Drug 582.60 597.80 582.60 609.00 580.00 406.75 645.00 310.80 33 597.95 ChaletHotels 567.45 560.00 567.35 574.90 557.00 74.40 581.60 304.05 55 559.30 GrenpanelInd 378.10 386.95 379.95 388.35 367.55 369.01 446.70 255.00 ­ ­ Kohin.Foods 35.25 35.25 36.10 36.10 34.90 105.40 84.05 28.26 ­ 35.26
Aarti Ind [5] 498.35 526.10 498.00 529.90 495.20 3523.73 806.40 445.00 40 526.10 ChamanLalSat 200.15 201.90 201.30 204.50 195.05 169.31 222.00 103.00 ­ ­ Grindwel [5] 2154.05 2098.05 2153.55 2164.70 2068.10 60.95 2494.55 1717.50 65 2101.50 KoltePatil 452.15 456.90 450.00 478.65 447.05 937.32 506.00 231.00 ­ 458.00
AartiSurfact 624.60 642.70 628.65 647.50 613.00 23.03 922.75 418.05 ­ ­ Chamb.Frt 278.95 284.45 278.00 284.90 274.10 3412.74 367.95 248.55 10 284.40 GRInfraproj 1243.25 1216.00 1259.90 1260.05 1203.00 56.29 1427.95 930.00 ­ ­ Kopran 214.30 227.25 214.00 231.65 213.00 605.17 253.00 96.00 40 226.75
Aarvee Den 24.00 24.55 24.20 25.50 23.80 34.94 30.70 16.75 ­ 24.32 ChembondChe 377.55 372.70 377.50 387.30 365.75 31.15 477.45 213.00 9 384.15 GrmOverseas 199.05 198.05 199.05 204.95 195.00 150.33 474.40 159.00 ­ ­ Kot.Mah.Bk [5] 1811.20 1824.60 1800.60 1836.00 1800.60 5931.87 2063.00 1644.20 29 1824.05
AarviEncon 125.00 125.55 126.90 127.40 122.50 25.39 203.00 100.50 ­ ­ ChemconSpecl 289.05 295.50 289.00 298.00 288.00 79.38 477.95 221.00 ­ ­ Grvs.Cot [2] 138.10 139.80 138.50 141.50 137.30 1064.78 179.50 118.70 27 139.65 Kothari Pet [5] 111.75 113.50 110.00 117.80 108.15 428.02 0.15 0.05 ­ ­
AavasFinance 1647.85 1646.45 1651.05 1674.40 1625.90 180.04 2318.00 1335.00 29 1643.40 ChemfabAlkal 366.05 383.30 363.05 385.70 357.30 77.82 476.55 213.05 ­ ­ GSFC [2] 165.70 167.90 165.75 169.20 163.30 1825.27 193.40 116.10 6 167.80 Kothari Pro 126.05 123.05 125.95 127.60 118.00 30.78 156.00 95.25 45 123.10
AB Money [1] 69.40 70.95 69.85 71.95 68.50 176.22 76.38 43.15 11 70.95 ChemplastSan 499.90 491.95 499.95 509.40 490.10 101.46 543.25 342.05 ­ ­ GSPL 282.25 280.30 280.00 284.50 278.50 984.02 310.60 215.05 17 280.55 Kovai Medi 2588.10 2607.65 2577.00 2741.95 2577.00 20.91 2850.00 1452.90 23 2609.05
Aban Off [2] 43.50 45.95 44.50 47.40 44.10 388.48 60.60 31.15 ­ 45.93 CheviotComp 1193.80 1191.55 1207.10 1207.10 1184.00 1.28 1351.50 960.30 ­ ­ GSS Info 200.70 207.55 201.90 210.85 201.60 64.07 343.00 176.20 81 207.95 KPIGrenEnerg 789.50 817.70 794.90 824.65 775.00 175.66 975.00 390.00 ­ ­
AbansHolding 284.60 291.75 284.10 292.70 279.00 195.80 343.80 180.10 ­ ­ ChoicInternl 400.35 405.35 402.00 408.55 399.00 855.69 481.00 219.00 ­ ­ GTL Infra 1.05 1.15 1.05 1.15 1.05172754.67 1.64 0.64 ­ 1.16 Kpit Tech 1144.45 1137.45 1145.15 1154.95 1112.15 507.02 1219.30 557.00 ­ ­
ABB [2] 4401.90 4341.10 4419.00 4423.20 4260.00 362.58 4675.85 2640.45 91 4336.20 CholaIn&Fin [2] 1166.05 1160.20 1149.75 1165.30 1131.10 1529.37 1214.60 658.00 34 1159.20 GTPLHathway 172.05 171.40 172.95 174.10 168.45 90.01 191.00 93.50 22 171.45 KPR Mill [1] 767.55 751.25 761.05 763.80 729.65 471.04 796.00 479.55 50 746.85
Abbott 22897.25 23004.15 22997.00 23050.00 22555.00 15.21 24724.95 17349.05 47 22995.30 CholamandF [1] 1104.50 1138.60 1090.00 1148.70 1020.20 101.63 1144.70 512.65 363 1133.15 Gufic Bio [1] 293.05 294.55 293.75 301.10 291.05 202.04 339.55 177.10 36 294.25 KRBL [1] 425.85 414.75 414.00 427.80 403.40 1008.28 471.00 319.30 13 414.95
ABBPowerPro 4351.30 4325.50 4350.00 4465.85 4261.95 24.00 4800.00 2840.10 ­ ­ CIEAutomotIn 495.55 494.05 496.25 496.95 486.00 237.19 579.75 250.45 ­ ­ Guj.Alk 709.00 721.15 711.55 726.00 705.75 129.19 982.95 556.05 16 722.60 KrisnaInsMed 2065.60 2087.80 2089.90 2130.00 2060.00 103.64 2229.90 1200.50 ­ ­
ABCapital 180.80 181.55 180.80 182.80 177.20 4065.98 199.40 106.80 ­ 181.45 Cigniti Tech 810.90 808.85 809.00 822.00 800.00 93.91 945.00 515.30 20 807.55 Guj.Ind.Pow 127.30 134.45 128.70 136.40 126.10 2913.97 145.00 70.71 11 134.75 KrisnaPhoscm 416.30 415.25 417.10 421.40 403.55 41.74 559.40 321.00 ­ ­
ACC 2010.95 2063.05 2017.95 2066.75 2004.55 500.78 2784.95 1593.50 46 2062.80 Cinevistaas [2] 14.10 14.15 14.10 14.35 13.65 41.60 17.06 9.00 ­ 14.26 Guj.Pipav 125.70 128.90 125.70 130.85 123.65 2864.68 141.40 81.10 19 129.05 KritiIndust 106.75 106.65 107.65 109.90 104.35 49.89 140.85 66.65 ­ ­
AccelyaKal 1484.15 1486.75 1499.90 1515.60 1454.05 24.88 1749.95 1042.85 20 1486.25 Cipla [2] 1239.80 1228.50 1242.00 1250.00 1223.30 1627.38 1277.55 852.00 36 1227.70 Gujarat Gas [2] 450.75 448.60 450.95 453.80 446.25 1428.67 539.00 439.00 23 448.80 KrsnaaDiagns 635.55 635.85 635.55 648.95 615.00 200.01 699.70 353.10 ­ ­
Action Con [2] 681.45 682.20 682.00 708.00 676.05 194.56 821.95 264.00 41 682.10 CitiUn Bk [1] 130.25 132.45 131.15 132.80 129.15 3466.76 204.95 119.50 10 132.45 GujaratFluor 3005.50 3059.05 3005.50 3075.70 2971.10 137.57 4173.95 2534.05 ­ ­ KSB 2737.35 2705.30 2737.00 2769.00 2665.55 19.59 2892.00 1717.00 ­ ­
AdanEnergSol 852.30 836.90 852.30 854.90 832.00 703.40 4236.75 631.50 ­ ­ CleanSci&Tec 1432.85 1449.85 1430.65 1464.00 1420.55 154.93 1980.00 1227.10 ­ ­ Gul.Amb.Ex [1] 275.75 278.30 272.95 281.65 271.10 384.15 318.55 224.20 22 278.60 KuantumPaper 181.30 185.90 183.00 188.00 178.00 436.52 225.85 98.60 ­ ­
Adani Ports [2] 858.75 849.70 859.00 867.20 843.15 7180.45 987.90 394.95 100 850.05 Cleducate [5] 73.35 73.90 72.40 74.80 72.10 56.15 89.50 48.80 22 73.00 Gulf Oil Lub [2] 545.25 555.45 546.30 561.00 544.00 61.46 644.00 390.00 11 554.75
Adani Pwr 386.30 377.10 385.75 392.00 366.8014536.76 410.00 132.55 11 376.50 CMSInfoSystm
Coal India
357.90
270.75
354.20
279.65
360.00
271.50
361.00
281.50
341.30 1307.33
269.0017607.57
409.40
284.90
254.20 ­
207.70 11 279.65
­ Gulshan Pol [1]
GVK Pow [1]
215.30
6.90
216.25
7.20
215.50
7.05
220.00
7.20
211.05 79.60
6.5564427.84
274.95
7.41
159.17
1.98
34
­
216.25
7.38
L ..............................................
AdaniEntprs [1] 2535.70 2518.90 2545.70 2566.95 2496.00 1780.07 4189.55 1017.10 158 2516.20 L&T [2] 2944.10 2906.75 2943.50 2943.70 2888.45 2458.42 3008.00 1798.00 48 2908.10
AdaniGreenEn 1004.80 985.80 1002.75 1002.90 967.00 962.20 2436.00 439.35 ­ 984.15 CoastalCorpn 259.95 260.35 259.00 263.65 252.25 27.59 377.70 165.90 ­ ­ L&T Fin Hld 126.80 128.75 127.90 129.25 124.60 8268.35 140.20 71.95 119 128.75
AdaniTotlGas 642.75 636.55 643.55 646.85 632.35 505.98 4000.00 620.05 ­ ­ CochinShip 1065.70 1087.25 1073.95 1135.50 1036.65 5020.58 1258.00 370.20 41 1086.40 H .............................................. L&TTechSer [2] 4647.40 4607.65 4640.00 4657.45 4557.05 91.24 4695.10 3218.00 41 4607.70
AdaniWilmar 353.45 352.30 354.95 358.70 350.30 1201.86 841.70 327.25 ­ ­ CoffeeDayEnt 42.75 51.15 43.00 51.30 42.1020050.36 73.50 26.40 ­ 51.26 HappiestMind 933.00 915.00 933.00 941.80 902.00 668.29 1092.90 763.25 ­ ­ La Opala [2] 420.80 426.45 422.95 431.00 413.10 175.09 479.65 326.05 36 425.90
ADF Foods [2] 235.70 231.10 232.90 235.95 223.30 290.23 262.45 133.39 37 231.20 Coforge 5459.50 5437.15 5449.00 5479.95 5368.20 293.47 5762.70 3210.05 ­ ­ HardwynInd 36.75 38.55 37.50 38.55 36.00 157.98 622.65 34.80 ­ ­ LakFinIndCor 144.65 141.90 144.45 147.50 140.25 10.34 175.00 93.10 ­ ­
AditBirSunLf 411.85 413.85 411.85 416.00 407.05 65.18 503.00 307.00 ­ ­ Colgate [1] 1990.30 1963.45 1991.00 1999.00 1953.90 255.46 2061.55 1434.60 47 1964.20 HariomPipInd 584.40 598.00 589.95 609.85 565.00 61.26 694.95 247.05 ­ ­ Lambodh Te [5] 169.05 178.30 172.00 184.40 170.40 164.71 240.40 90.60 14 177.60
AdityaBirFas 223.10 223.25 224.35 226.25 218.75 3495.43 359.40 184.40 ­ 223.20 CompuageIn [2] 12.70 12.70 12.85 12.85 12.50 288.98 27.85 11.21 ­ 12.69 Harri.Mal 138.30 145.25 141.50 148.80 138.50 58.12 173.50 102.60 25 146.25 Landmark [1] 6.85 7.05 6.90 7.20 6.80 114.10 8.77 5.10 ­ 7.15
Ador Weld 1080.80 1084.85 1082.00 1102.95 1060.00 17.45 1334.55 758.00 25 1087.05 Compucom [2] 22.45 21.95 22.55 22.55 21.50 161.31 25.35 15.00 ­ 21.79 HarshaEngrs 435.45 429.60 435.50 442.05 427.10 127.82 527.65 309.00 ­ ­ LandmarkCar 755.50 800.05 758.00 816.45 740.35 252.90 863.30 431.15 ­ ­
AdroitInfote 26.80 25.75 27.05 28.95 24.50 203.33 32.15 13.95 ­ ­ ComputerAge 2602.90 2590.70 2608.00 2649.85 2555.05 204.60 2690.00 2010.00 ­ ­ Hathway [2] 17.20 17.35 17.15 17.60 16.65 9972.38 19.60 12.21 ­ 17.35 LatntViewAnl 420.65 425.40 421.35 432.00 411.00 1227.03 466.45 310.45 ­ ­
AdvancedEn [2] 311.20 308.25 312.80 315.15 301.00 258.12 346.15 225.00 30 308.10 Concor [5] 699.50 699.10 697.50 704.00 686.25 1709.39 828.50 555.00 38 699.00 Hatsun Agro [1] 1202.60 1161.20 1200.00 1205.75 1149.75 66.12 1231.95 786.00 133 1160.30 LaurusLabs [2] 384.10 388.10 379.50 395.00 379.50 2216.35 557.20 279.65 39 387.95
Advani Hot [2] 85.90 86.45 85.10 87.65 84.90 60.23 97.70 66.75 15 86.68 ConcrdBiotec 1006.15 1020.75 1006.15 1033.45 996.00 148.02 1075.00 900.05 ­ ­ HavellsIndia [1] 1416.60 1398.50 1416.60 1420.70 1373.50 1313.65 1466.00 1092.00 78 1399.00 LaxmiOrgInd 288.75 293.45 290.75 295.80 282.35 1341.74 395.80 220.50 ­ ­
Aegis Log [1] 340.10 340.00 342.70 345.25 335.15 418.76 410.20 254.25 29 340.65 ConfdnPetIn [1] 85.30 85.15 85.10 87.80 83.10 1897.19 98.20 55.28 25 85.25 HBL Pwr [1] 244.35 262.90 250.00 268.25 240.30 3712.93 294.90 86.10 59 262.80 LemonTreeHot 117.65 117.95 116.00 122.50 114.00 9801.20 125.25 70.25 116 117.90
AeroflexInd 148.65 155.75 149.30 158.60 145.45 2802.13 196.35 145.45 ­ ­ ControlPrint 768.05 775.15 766.00 790.00 758.00 85.38 866.40 376.00 23 774.60 HBStockhold 54.10 56.05 55.30 56.45 53.30 12.08 63.10 43.60 ­ ­ LG Balakri 1012.70 1014.10 1023.25 1025.00 993.15 56.36 1237.70 647.65 13 1012.55
AetherIndust 987.15 983.00 990.00 1002.95 980.70 32.76 1209.00 810.00 ­ ­ CoralIndFin [2] 38.80 38.95 39.65 39.95 38.65 75.48 48.01 26.10 7 38.77 HCC [1] 24.15 25.65 24.15 25.80 23.3532426.42 30.29 12.03 19 25.64 LGB Forge [1] 9.45 9.05 9.40 9.50 9.00 245.78 15.30 7.30 ­ 9.13
Affle(India) [2] 1102.25 1118.85 1106.00 1131.80 1092.05 210.32 1362.55 875.25 206 1117.35 Corom.Intl [1] 1125.10 1122.80 1116.55 1124.15 1095.25 323.40 1152.85 838.95 16 1121.75 HCG 365.40 358.55 363.90 368.45 339.00 548.84 382.90 249.10 112 358.15 LibasDesigns 13.05 13.05 12.90 13.15 12.80 79.86 27.60 9.85 ­ ­
Agarwal Inds 935.15 913.30 938.75 982.00 890.40 249.40 1098.20 530.85 27 913.25 Cosmofirst 686.10 681.90 670.10 694.20 662.95 66.62 904.00 550.05 ­ ­ HCL Tech [2] 1282.40 1275.25 1282.00 1282.40 1266.10 2275.52 1291.00 882.20 30 1275.50 Liberty Sh 246.05 248.15 246.45 251.45 242.90 84.54 444.80 182.20 39 247.95
AgiGreenpac 677.55 690.50 680.00 695.50 660.30 101.46 757.85 280.50 ­ ­ CPCL 510.10 508.45 506.45 516.95 491.20 2540.52 535.90 186.50 4 508.05 HDFC AMC [5] 2630.90 2624.10 2630.10 2637.85 2557.00 304.06 2687.40 1595.25 35 2618.80 LIC of India 659.65 659.30 660.05 666.95 654.55 890.10 754.25 530.05 ­ ­
Agro Tech 844.30 839.50 848.55 848.55 831.00 4.47 966.60 708.10 108 845.45 CraftsmnAuto 4680.30 4592.20 4716.85 4824.00 4522.25 52.39 5065.95 2630.00 ­ ­ HDFC Bank [1] 1636.90 1643.90 1631.30 LICHsgFin [2] 439.45 450.80 439.00 452.60 437.40 2546.07 459.00 315.45 8 450.75
AgroPhosInd 36.65 37.70 36.00 38.45 36.00 84.06 58.15 29.90 ­ ­ CrdtacsGramn 1387.90 1407.85 1387.90 1425.00 1375.00 124.58 1502.30 834.10 22 1408.55 HD C LikhithaInfr 303.00 302.20 297.00 308.15 293.00 180.36 496.00 198.00 ­ ­
AGSTransTech 60.50 61.45 60.50 61.90 59.50 269.11 88.70 44.45 ­ ­ CreatPer&Dis 514.95 529.80 507.25 535.00 505.90 17.28 648.80 358.30 ­ ­ H U LINC 689.10 699.75 672.35 706.00 672.35 18.01 807.80 243.60 ­ ­
Ahluwalia [2] 704.40 713.60 701.50 722.40 690.10 33.80 774.00 398.85 23 712.00 Crest Ventu 232.35 237.80 226.55 240.00 223.95 40.70 295.65 144.40 22 238.30 H G Lincoln Phar 498.75 504.45 502.00 507.95 491.80 119.28 543.00 273.70 13 505.20
AIA Engg [2] 3683.20 3634.90 3661.00 3767.05 3580.05 82.14 3824.75 2385.00 32 3633.05 Crisil [1] 3856.00 3845.55 3876.30 3923.85 3806.80 14.16 4070.20 2712.05 58 3846.45 H Linde Ind 6053.40 6048.70 6107.25 6179.10 5950.00 65.78 6885.95 2932.85 129 6050.15
Airan 21.50 22.45 21.40 22.65 21.40 1154.53 25.15 13.25 ­ ­ CrompGrave [2] 306.10 305.15 306.05 309.15 299.25 1602.94 428.80 251.25 43 305.15 H m PR LloydMetals 567.20 575.75 568.10 579.00 537.40 230.18 686.70 498.05 ­ ­
Ajanta Phr [2] 1715.70 1821.25 1724.25 1904.45 1715.00 1671.50 1903.85 1115.15 38 1823.00 CSBBank 324.00 324.85 324.95 330.00 316.10 266.56 341.45 213.65 10 324.90 H LMW 14536.60 14881.05 14585.00 14928.00 14580.00 3.62 15501.00 9030.95 42 14827.10
Ajmera 368.50 379.10 369.50 393.10 368.50 172.56 412.40 230.30 17 378.35 CSLFinance 296.60 302.20 294.00 306.00 288.30 38.87 366.95 189.10 ­ ­ H H LordChlrAlka 156.40 163.30 159.80 164.00 157.45 24.11 195.00 155.55 ­ ­
AjooniBiotec 5.15 5.00 5.10 5.25 4.75 1823.56 48.60 3.05 ­ ­ CubexTub 43.90 46.05 45.00 46.05 42.55 144.65 52.70 24.60 23 45.71 H Lovable 131.90 133.10 136.95 136.95 132.00 41.46 172.00 84.15 ­ 133.65
AkashInfProj 29.00 29.30 29.95 29.95 28.70 43.02 41.60 22.50 ­ ­ CUMI [1] 1191.75 1192.50 1193.00 1199.00 1168.00 113.59 1300.00 787.50 68 1192.10 H M LT Ovrseas [1] 161.90 161.65 162.00 163.20 153.20 1381.44 194.15 90.11 34 161.40
Aksh Opti [5] 11.05 11.20 11.00 11.65 11.00 630.14 13.95 8.01 ­ 11.29 CumminsInd [2] 1711.65 1715.70 1711.10 1722.00 1689.10 669.37 1981.15 1125.15 38 1715.95 H B LTIMindTree 5505.45 5539.10 5498.00 5550.00 5457.35 247.61 5550.00 4121.00 ­ ­
AksharChem 288.65 293.65 294.00 296.80 277.70 28.23 383.00 201.30 ­ 293.55 Cupid Ltd 389.45 416.30 393.95 424.55 390.25 559.19 431.00 220.20 19 416.15 H C Lumax tech [2] 357.10 362.30 367.90 367.90 354.05 167.62 469.00 201.35 34 362.20
Akzo 2674.20 2659.75 2699.80 2699.80 2626.50 20.11 2949.95 1980.00 33 2658.90 Cyient [5] 1764.20 1745.20 1767.00 1769.85 1716.05 324.67 1945.45 724.00 48 1740.60 H C Lumx Ind 2255.60 2271.45 2261.55 2340.00 2236.90 8.63 2482.35 1300.00 29 2270.00
Alankit [1] 11.15 11.20 11.30 11.55 11.10 773.05 14.07 7.00 ­ 11.18 CyientDlm 672.30 674.10 673.95 678.75 650.00 192.63 778.90 403.00 ­ ­ HG Lupin [2] 1138.45 1145.50 1142.35 1153.20 1133.40 831.00 1174.25 623.20 66 1146.65
AlbertDavid 745.50 751.20 756.60 762.65 726.60 17.24 880.05 508.35 7 752.20 H Lux Indust. [2] 1517.45 1546.20 1517.45 1549.90 1482.35 64.81 1959.05 1122.60 41 1546.80
Alembic [2] 78.80 79.80 78.70 80.70 76.50 498.57 87.50 55.52 21 79.98 D .............................................. H Lyka Labs 110.85 111.75 110.15 112.90 108.40 60.70 155.65 89.00 ­ 111.90
Alembic Ph [2] 751.05 773.90 754.80 778.85 746.05 88.72 799.00 463.30 31 773.95 Dabur [1] 565.70 565.50 563.60 566.70 560.20 1206.62 610.40 504.00 70 565.30 H M
Alicon [5]
Alkali Met
850.90
111.70
839.05
113.95
856.50
116.00
856.50
116.00
835.00
110.50
20.85
18.47
1111.00 645.00
173.75 85.25
31 836.20
61 113.85
Dalm.B.Sug [2]
DamodarInd [5]
411.40
48.25
426.05
50.00
417.00
49.25
428.00
50.90
412.90 183.99
47.55 26.67
447.50
66.65
310.50 14 426.00
37.00 ­ 49.85
Hm
Hm
M..............................................
M&M [5] 1557.95 1536.95 1564.00 1568.60 1530.10 2382.64 1604.55 1124.00 21 1536.80
AlkemLabs [2] 3635.35 3744.75 3635.90 3750.00 3635.90 287.83 4270.95 2835.05 35 3747.05 DangeeDums 11.70 11.50 11.80 11.95 11.45 362.96 28.50 11.45 ­ ­ H C m
M&M Fin [2] 293.15 297.80 292.95 300.90 287.50 3321.36 346.40 176.30 17 297.80
Alkyl Amine [2] 2417.55 2393.80 2417.55 2449.05 2365.40 31.84 3198.20 2119.05 62 2396.40 Datamatics [5] 555.00 575.90 557.65 583.00 546.10 121.62 678.90 256.35 33 574.45 H C
MacpowerCNC 291.75 298.75 297.80 304.00 291.75 47.90 419.40 207.40 ­ ­
Allcargo [2] 272.30 269.85 271.85 272.00 267.25 257.88 372.30 246.77 21 270.05 DataPatrnInd 2142.20 2046.15 2149.90 2175.40 1986.00 643.99 2485.00 996.35 ­ ­ H M
MacrotecDeve 785.15 793.45 783.00 798.00 730.00 2252.57 1142.00 529.85 ­ ­
ALLCARGO TER 33.20 33.15 33.20 33.80 32.50 715.65 41.60 31.30 ­ ­ DB Corp 214.90 225.10 210.00 227.00 210.00 272.31 257.65 92.85 19 226.65 H O
MadyaBharat 603.25 597.15 603.25 607.15 585.10 9.81 669.90 544.50 ­ ­
Allied Dig [5] 133.85 136.95 134.90 139.70 132.70 527.28 156.75 71.50 72 137.55 DB Realty 144.90 149.95 144.90 152.35 140.05 1897.52 166.00 55.05 ­ 150.40 H
MagadhSug&En 581.85 611.90 582.00 630.00 578.30 46.80 700.00 247.00 13 613.15
Allsec 591.35 594.25 595.10 601.40 570.15 26.43 644.35 420.00 20 594.70 DB Stk [2] 27.80 27.95 28.65 28.70 27.35 13.54 39.26 19.60 16 28.10 H
Mah.Holi 399.20 390.20 393.00 400.60 385.05 237.47 421.70 237.80 48 390.65
Alm.Global [6] 84.75 84.85 85.95 86.95 83.70 24.51 101.89 59.00 73 84.80 DCB Bk 116.90 117.15 116.40 117.95 115.65 1522.78 141.20 95.55 7 117.20 H G
Mah.Life 567.05 590.00 567.05 594.90 565.00 295.89 599.00 316.10 ­ 587.15
AlokIndus 18.30 19.25 18.50 19.35 18.2538026.54 22.40 10.90 ­ ­ DCM 72.00 72.50 72.00 75.70 70.50 64.35 101.10 62.01 ­ 72.67 H
Mah.Scoot 7511.85 7421.50 7549.45 7560.00 7062.45 15.37 7826.90 4051.10 44 7428.00
Alpha Lab 73.05 74.15 74.90 76.00 71.75 90.71 85.60 48.90 12 74.38 DCMNouvelle 165.05 167.75 168.80 169.00 162.50 29.69 214.00 127.00 ­ 167.30 H
Mah.Seam [5] 559.20 569.70 559.20 577.95 542.50 229.73 598.30 279.00 9 570.15
Alphageo 294.25 297.20 296.00 299.30 288.50 14.96 348.00 200.00 41 297.10 DCMShriram [2] 980.10 1013.30 985.30 1021.00 960.00 61.09 1121.65 730.05 30 1010.15 H G
MahangrGas 1015.00 1030.60 1012.00 1037.00 1005.20 367.31 1144.75 772.00 10 1030.90
Amararaja [1] 654.10 647.20 649.50 659.60 638.00 655.71 708.45 479.20 14 646.95 DcmShrirmInd 128.80 128.55 132.00 132.00 124.60 247.96 150.80 59.00 ­ ­ H P
MahindEPCIrr 116.10 119.40 115.50 120.55 114.55 108.75 133.50 83.80 ­ ­
AmberEntp(I) 2893.00 2844.55 2881.15 2924.85 2797.35 68.07 3149.95 1762.25 164 2843.05 DCW [2] 49.75 52.40 49.45 52.65 49.35 4432.86 62.55 40.00 13 52.42 H G
MahindraLog 408.45 413.40 408.00 416.90 398.05 158.15 567.30 349.90 42 413.35
Ambika Cot 1626.35 1626.85 1616.00 1649.65 1601.25 16.77 1885.45 1310.50 10 1631.45 DCXSystems 309.00 310.20 307.95 318.40 295.50 1025.90 351.00 138.00 ­ ­ H
Maithan 1050.80 1069.30 1051.00 1085.00 1029.50 30.22 1202.40 766.00 10 1068.30
AmbujaCem [2] 445.00 443.90 447.00 449.95 440.35 2583.76 598.15 315.30 50 443.70 De Nora 1637.70 1612.65 1647.35 1647.95 1579.55 11.18 2334.00 590.05 44 1611.45 Hm
Deccan Cem [5] 529.20 536.45 529.20 548.70 524.80 15.80 587.00 388.00 18 536.15 H w Hm Mallcom(Ind) 1075.20 1042.05 1091.35 1091.40 1029.90 18.27 1249.70 606.95 ­ ­
AmiOrganics 1272.80 1283.40 1274.00 1305.00 1247.35 164.24 1388.95 847.35 ­ ­ Malu Paper 37.35 39.20 37.35 40.10 36.00 105.57 46.80 25.31 ­ 39.76
AMJLandHol [2] 31.20 31.60 31.35 33.35 30.60 203.01 36.25 18.76 21 31.59 DeepIndust 247.60 253.75 247.30 257.90 242.65 122.27 322.00 140.10 ­ ­ H m
Deepk.Fer 626.20 633.25 626.90 643.70 615.75 965.95 1061.70 512.80 28 633.40 H Man Ind [5] 161.40 173.00 162.70 174.70 162.70 1406.52 188.00 71.70 15 173.05
Amrutanjan [1] 627.55 628.90 626.00 638.45 625.70 23.82 774.75 552.85 43 631.00 Man Infr [2] 142.70 142.20 139.00 145.00 139.00 1215.80 158.00 66.25 27 142.45
AnandRathiWe 1367.70 1381.40 1365.00 1387.00 1353.00 52.82 1532.10 650.95 ­ ­ Deepk.Ntr [2] 2247.40 2279.60 2247.40 2284.40 2227.60 267.46 2372.95 1731.00 68 2278.75 H
Delhivery 418.35 430.15 422.30 433.00 419.65 937.84 608.70 291.00 ­ ­ HP Manak Alumi [1] 24.65 26.15 25.00 26.70 25.00 95.78 31.19 19.00 ­ 26.11
Anant Raj [2] 218.05 221.95 219.00 224.10 213.00 1890.07 238.00 80.50 64 221.50 Manaksia [2] 143.85 145.05 144.95 147.50 142.10 153.61 194.05 68.80 43 144.80
AnantrajGlob 86.75 86.35 87.65 88.90 84.00 1982.88 98.45 33.55 ­ ­ Delta Corp [1] 178.35 179.00 178.05 181.00 177.35 2679.99 259.95 173.75 21 179.05 HPC
Den Net 41.25 42.15 41.35 42.40 40.70 1842.42 47.85 25.40 6 42.16 HP &P w ManakSteel [1] 47.95 48.85 47.85 51.40 45.80 358.22 54.30 29.00 15 49.31
Andhar Sug [2] 116.75 119.45 117.30 120.25 116.00 303.04 153.15 99.95 12 119.35 Manali Pet [5] 67.55 67.85 67.40 68.70 66.10 506.70 108.60 56.75 ­ 67.90
AndhraPaper 548.70 598.10 555.00 611.20 551.55 1030.74 611.20 371.00 ­ ­ DevyaniInter 206.95 210.70 207.00 215.85 206.20 4422.87 227.50 133.95 ­ ­ H G&U D
Dhamp.Sug 271.15 280.95 271.00 284.25 266.55 398.13 295.75 196.50 12 280.95 H M Manap.Fin [2] 138.35 139.85 138.35 141.35 134.1511053.96 156.55 90.50 9 139.90
AndrewYuleCo 29.05 29.10 28.90 30.00 28.25 772.07 33.70 18.80 ­ ­ Mang.Cem 361.10 365.60 364.95 368.50 355.20 90.56 400.00 234.00 43 366.55
AngelOne 1770.60 1756.20 1772.00 1797.55 1705.00 584.20 1937.25 999.00 ­ ­ DhamprBioOrg 165.00 170.05 163.95 172.00 162.60 295.19 229.00 116.10 ­ ­ H m
Dhanlk.Bk 22.90 23.95 22.70 24.10 22.35 4562.68 26.45 11.33 6 23.97 HU Mang.Chem 108.95 108.45 109.45 111.50 105.75 543.67 132.00 72.45 8 108.40
AnjPortCem 184.00 186.10 184.20 188.50 184.20 16.57 263.95 140.40 ­ 185.55 Mang.Drug 105.20 105.20 107.00 107.50 105.05 29.62 172.65 95.00 ­ 105.05
AntnyWastHdg 316.65 324.40 316.00 328.40 314.10 97.09 369.00 241.80 ­ ­ Dhanuka Ag [2] 842.45 873.15 859.45 887.70 827.05 80.35 904.90 603.05 18 870.45
DharmjCrpGrd 214.30 211.15 215.95 217.40 207.35 115.59 279.00 137.00 ­ ­ MangalamOrga 390.85 392.55 390.80 395.40 385.05 5.69 665.00 306.95 ­ ­
AnupamRasayn 969.75 960.35 970.40 988.45 940.05 199.45 1234.00 570.00 ­ ­ MankindPharm 1784.35 1813.50 1783.00 1819.90 1777.05 392.75 1949.00 1242.00 ­ ­
Apar Ind 4912.85 4874.10 4915.65 4979.00 4800.10 86.76 5353.20 1175.00 27 4865.25 DhruvConsult 58.20 62.95 57.95 64.20 56.40 380.40 71.40 43.10 ­ ­ H
Dhun.Inv 736.80 743.50 748.00 748.10 726.95 2.04 828.35 562.00 32 743.80 ManoramaInd 1783.80 1773.40 1750.00 1809.85 1732.00 16.71 1999.00 894.85 ­ ­
Apcotex Ind [2] 511.05 507.35 513.65 514.70 500.50 64.71 668.90 398.00 30 506.95 R Maral Over 66.45 69.00 66.40 69.85 64.65 111.92 78.00 44.20 ­ 68.56
ApexFznFoods 222.35 226.85 220.25 231.00 218.55 335.94 359.55 185.00 34 227.05 Dhunseri Tea 218.65 228.35 219.80 232.55 214.00 9.20 277.00 181.00 ­ 227.80 M R
DhunseriVent 263.40 262.35 259.95 263.00 258.95 27.78 298.80 211.05 ­ ­ MarathNxtg [5] 428.60 428.50 422.15 434.00 413.00 91.93 445.70 186.00 18 428.85
APL Apl [2] 1624.00 1632.35 1625.00 1648.85 1590.05 918.23 1806.20 990.00 80 1634.15 CC B Marico Ltd [1] 581.25 583.40 580.70 584.50 575.25 1454.57 591.70 462.95 69 583.45
ApolloHosp [5] 4979.20 5011.00 4975.00 5021.20 4945.00 232.24 5362.00 4078.40 75 5008.90 DIC India 432.65 439.25 442.95 445.00 430.40 3.72 499.80 364.00 133 438.30 CC m GC
DilipBuildco 302.75 311.95 305.20 315.00 302.00 678.77 347.80 159.70 21 312.00 Marksans [1] 105.90 105.30 105.55 106.00 100.80 1972.73 122.50 45.65 37 105.40
ApolloMicSy [1] 54.65 55.30 54.65 55.90 53.50 881.29 63.58 15.04 ­ 55.10 CC MarshalMachn 58.10 59.35 56.15 59.90 56.15 133.90 72.00 23.15 ­ ­
ApolloPipes 684.45 701.90 684.00 712.10 666.40 262.85 790.00 437.10 ­ ­ Dish TV [1] 19.10 19.65 19.00 19.85 18.7522797.46 24.45 12.40 ­ 19.66 CR
DishmanCar [2] 152.10 156.10 152.10 157.35 148.30 613.10 171.05 80.05 ­ 155.95 Maruti [5] 10503.60 10473.40 10500.00 10536.40 10440.00 301.71 10568.20 8076.65 33 10473.85
ApolloTyr [1] 381.20 385.00 378.50 386.70 376.85 1772.53 440.95 262.25 31 385.00 DB MASFinServ 897.40 890.80 897.00 908.10 876.60 86.70 938.25 680.00 23 891.30
Aptech 288.00 302.35 290.00 307.20 289.00 635.63 422.75 160.64 24 301.80 DivgiTorTran 937.75 945.20 937.50 951.45 915.05 25.31 1045.00 560.00 ­ ­
Divi'sLabs [2] 3787.80 3750.85 3800.00 3826.00 3740.00 319.70 3949.00 2730.00 68 3749.55 Mastek [5] 2399.70 2351.05 2399.00 2408.05 2320.00 54.72 2535.10 1475.45 75 2343.75
AptusValHsg 270.15 270.85 271.00 272.75 266.00 226.54 360.75 234.05 ­ ­ Matrimny.Co [5] 610.50 593.90 613.60 616.30 588.25 52.00 720.00 497.60 27 595.20
ArcheanCheIn 608.50 605.25 608.50 628.30 601.40 272.21 731.80 440.20 ­ ­ DixonTec(In) [2] 5040.95 5062.10 5068.95 5124.00 4985.05 222.10 5225.00 2554.95 137 5060.85 D C
DLF Ltd [2] 524.50 529.00 524.00 530.50 520.10 1914.10 544.45 336.55 58 528.95 Maw.Sug 102.60 108.50 103.00 109.65 102.05 455.91 117.85 75.30 30 108.47
Aries Agro 176.10 177.30 176.50 179.75 172.15 88.06 242.70 126.85 14 177.00 D C B MaxFinancia [2] 929.35 934.35 921.00 942.45 913.10 636.11 967.90 599.30 ­ 933.40
ArihantSuper 185.30 182.60 182.50 186.10 178.60 123.06 261.30 163.10 39 182.70 D­Link [2] 318.50 326.10 320.80 328.00 314.00 233.96 364.95 163.80 13 325.95 B
DMCCSpecChem 322.10 320.85 325.00 328.15 318.25 24.88 454.20 228.25 ­ ­ MaxHealthCre 618.45 582.70 611.00 611.50 577.35 3434.00 630.00 388.10 ­ ­
ArihntCapMkt 64.50 65.65 64.35 66.50 63.25 533.57 86.70 33.25 ­ ­ B
DodlaDairy 710.10 677.10 703.25 715.00 670.25 248.29 898.90 431.20 ­ ­ MaxIndia 142.35 146.50 143.80 152.15 143.40 210.86 195.00 76.00 ­ ­
ArmanFinServ 2200.30 2224.80 2204.95 2250.85 2150.00 15.08 2540.30 1189.45 64 2222.55 C
DolatAlgotec 47.55 49.10 48.40 49.70 46.60 199.19 75.30 39.25 ­ ­ Mayur Uniq [5] 508.50 520.75 510.50 524.45 495.10 102.93 583.60 382.40 21 519.90
AroGranite 50.95 51.40 50.95 54.00 49.00 220.68 59.95 36.64 ­ 51.59 G R
DollarInd [2] 419.65 434.55 419.70 437.90 419.65 115.17 547.85 310.25 55 434.30 MazagonDock 2071.85 2061.20 2085.00 2134.80 1991.20 3783.24 2484.70 411.55 ­ ­
ArtemsMedSvc 129.05 133.50 128.00 133.90 126.00 225.61 149.90 57.00 ­ ­ GP
Donear [2] 100.30 109.35 100.85 112.60 98.30 1290.57 121.65 53.00 16 109.75 Mazda Ltd 1066.55 1046.70 1095.00 1095.00 1027.25 5.68 1169.00 582.55 14 1050.00
ArtiPharmLab 426.10 437.70 429.50 446.55 421.15 268.86 457.00 269.00 ­ ­
DP Wires 624.70 629.00 628.00 634.00 593.05 51.54 703.00 330.30 ­ ­ MCX 1724.10 1754.90 1724.10 1770.00 1715.00 228.79 1876.05 1156.05 74 1754.35
Arvind 158.95 160.85 159.45 164.00 155.50 1390.61 180.30 77.70 15 160.90 H
DPAbhushan 482.25 506.35 496.45 506.35 482.00 13.84 589.00 221.55 ­ ­ MedicamenBio 680.00 676.70 682.15 692.55 669.95 8.69 1170.00 598.05 ­ ­
ArvindFash [4] 321.45 330.35 321.95 332.95 315.00 221.75 389.45 261.05 93 330.20
DPSC 15.95 16.75 16.20 16.95 16.00 649.35 18.40 9.10 ­ ­ MedicoRemedy 74.90 72.25 74.90 75.30 72.05 234.19 397.50 64.55 ­ ­
ArvindSmart 335.60 338.60 337.30 342.30 327.05 71.86 415.25 220.00 40 337.75 K OGH NG
Dr Reddy [5] 5673.80 5738.90 5710.00 5759.50 5671.30 314.32 5986.20 3996.10 26 5740.85 MedplsHealth 799.45 806.95 800.00 810.95 791.00 214.65 978.00 548.25 ­ ­
Asahi India [1] 564.20 554.75 565.80 565.80 550.10 107.11 664.30 419.80 37 553.95 m W
DRCSystemInd 40.85 39.40 42.40 42.40 38.30 38.96 46.45 35.05 ­ ­ MeghmaniOrga 85.20 85.65 85.90 86.85 84.20 721.26 135.90 76.00 ­ ­
Asahi Song 246.80 253.60 246.00 255.95 240.65 16.72 337.60 171.10 ­ 253.90 MP
DreamfolkSer 488.25 489.30 488.00 498.00 477.05 377.76 847.00 348.00 ­ ­ MenonBear [1] 145.35 148.40 144.00 149.80 140.70 117.26 166.00 81.75 27 146.35
Ashapura [2] 265.85 291.10 264.10 292.40 264.10 788.99 304.95 72.70 60 291.55
Dred.Corp 486.50 486.90 488.00 499.90 455.00 189.68 562.05 275.45 31 486.40 MEP Infra 12.10 12.25 12.15 12.40 11.70 312.05 21.30 9.50 ­ 12.26
Ashiana [2] 204.30 201.20 203.00 206.20 200.40 74.54 228.85 130.00 75 202.85 B M
DrLalPathLab 2205.85 2240.50 2210.00 2252.60 2188.00 123.73 2752.15 1762.70 61 2241.05 MetroBrands 1085.55 1077.35 1090.00 1096.35 1048.00 153.85 1127.20 736.05 ­ ­
Ashima 12.95 13.00 13.05 13.15 12.95 175.13 18.25 12.05 ­ 13.04 C
Dwarikesh [1] 92.75 93.25 92.80 94.35 90.90 2466.13 113.05 80.00 17 93.15 Metrpolhelt [2] 1398.35 1435.90 1398.00 1441.45 1391.20 331.15 1789.00 1176.05 54 1436.95
Ashok Ley [1] 179.95 179.50 180.00 181.35 177.6510543.49 191.45 133.10 29 179.50 C m
Dynac.Sys 694.55 671.65 690.30 700.00 659.85 43.87 750.00 255.25 20 674.45 MFL 78.10 77.90 78.60 79.85 75.30 1083.36 24.70 12.15 ­ ­
Ashoka Bld [5] 101.60 103.40 102.20 105.40 100.90 2708.47 116.50 70.10 11 103.50 G
Dynamatic 3675.75 3721.55 3656.00 3770.00 3600.00 12.34 4399.95 2156.20 84 3722.85 Minda Corp [2] 332.60 335.85 335.00 339.55 327.00 568.00 355.45 187.00 31 335.75
Asian Gran 60.85 63.10 60.40 63.95 60.20 859.53 70.70 34.22 ­ 62.87 H m
DynemicProd 375.20 364.00 375.20 380.00 358.60 44.85 424.35 231.85 66 363.90 Mirza [2] 44.40 44.15 44.25 45.00 43.80 292.56 74.00 28.55 14 44.16
Asian Htl­E 136.95 136.65 136.00 144.95 136.00 9.86 253.10 82.10 16 137.60 M MishDhatuNig 397.75 404.25 397.50 409.90 386.00 1101.18 447.95 172.80 48 404.60
Asian Paints [1] 3256.85 3277.75 3245.00 3284.65 3225.30 880.91 3590.00 2686.15 68 3276.55 N MitconCon&En 76.65 78.55 79.00 79.80 75.25 31.65 94.95 53.05 ­ ­
AsianEnrgSvc 149.00 150.85 150.00 153.00 142.05 55.59 161.75 51.50 ­ ­ E .............................................. O B MKProteins 794.05 782.05 789.80 799.70 772.00 68.52 823.00 541.00 ­ ­
Aspinwall&Co 265.10 274.00 275.00 279.70 266.10 74.38 318.35 183.60 ­ ­ EasyTripPlnr 38.95 38.95 38.90 39.35 38.50 5474.82 435.65 37.00 ­ ­ R m MM Forg 896.95 903.55 905.60 920.00 888.00 29.71 1098.95 731.25 17 906.35
AssoAlchohol 430.35 437.65 432.30 442.00 414.95 48.19 528.85 315.00 ­ ­ Eclerx 1751.10 1730.15 1735.90 1750.00 1694.20 54.50 1850.35 1254.15 22 1730.10 B MMTC [1] 58.45 59.35 56.90 60.30 54.8010043.14 70.33 26.36 ­ 59.29
Aster Life 1371.55 1369.10 1378.45 1400.05 1337.55 10.18 2285.65 1050.00 453 1369.85 EdelFinSer [1] 53.40 54.55 53.35 56.60 53.05 4332.17 59.40 26.37 2 54.53 H Mohit Ind 15.70 15.50 16.10 16.10 15.20 33.44 21.95 11.00 ­ 15.75
AsterDMHealt 338.50 332.10 338.50 340.90 330.05 233.25 344.50 200.05 84 332.65 Eicher Motor [1] 3341.25 3320.30 3349.95 3369.90 3308.00 820.18 3886.00 2835.95 31 3320.25 MOIL 221.80 226.90 222.65 229.45 219.00 632.72 250.00 140.65 20 226.50
Astra Mic [2] 394.95 399.55 396.50 407.95 390.80 505.17 444.00 213.15 62 399.80 EID Parry [1] 505.25 519.50 506.65 523.65 504.05 540.81 673.30 433.30 39 519.15 O C MokshOrnamnt 14.85 14.70 15.30 15.30 14.15 584.71 15.40 8.55 ­ ­
Astral Poly [1] 1905.35 1901.15 1905.30 1910.00 1873.40 396.56 2057.95 1297.90 105 1903.45 EIH [2] 238.65 240.05 237.30 243.80 236.00 579.27 274.65 150.45 37 240.05 Mold­TekPa [5] 968.70 956.30 965.05 974.85 946.80 32.55 1123.05 811.00 41 956.40
AstraZen [2] 4480.20 4383.85 4470.00 4478.60 4365.00 15.97 4555.75 2939.10 66 4384.70 EIH A Htl 480.45 473.30 475.20 483.40 472.10 9.53 617.00 366.00 22 472.10 P Mold­TekTec [2] 338.35 350.90 339.90 355.20 321.50 224.54 398.45 85.10 31 350.45
AstronPaper 33.40 34.80 33.55 35.50 32.60 123.09 41.20 18.40 ­ 34.68 Eimco 905.65 866.60 865.05 898.95 860.40 9.08 977.00 333.10 18 866.05 P MonarchNetwr 324.05 322.95 326.90 326.95 308.95 86.51 419.45 190.00 ­ ­
AtalRealtech 85.75 85.25 87.20 87.90 81.60 145.17 147.55 81.60 ­ ­ Elec. Eng [2] 791.90 783.35 787.00 808.00 755.10 555.42 983.40 318.15 41 783.15 m m Monte Carlo 747.65 758.85 748.00 770.00 735.05 33.91 918.00 530.50 13 760.30
AtamValves 173.35 173.85 175.00 177.60 169.50 14.00 270.00 169.50 ­ ­ Elec.Stl.Cs [1] 63.60 65.35 64.00 65.95 62.75 3569.25 73.53 31.40 12 65.28 C Morarj.Tex [7] 21.50 21.30 22.20 22.20 20.75 31.15 28.35 16.15 ­ 21.32
Atul 7335.05 7388.75 7330.00 7437.10 7300.00 26.24 9805.00 6469.25 44 7380.95 Elgi Eqp [1] 498.95 516.00 505.00 519.60 503.00 756.72 622.95 355.05 55 516.25 m Morepan [2] 35.95 37.55 36.00 37.80 35.85 4461.07 48.40 23.65 35 37.52
Atul Auto [5] 549.55 604.50 549.55 604.50 549.00 463.61 648.65 179.75 ­ 607.10 Elgi Rbr 46.60 49.10 46.25 49.80 46.25 83.93 57.25 27.45 ­ ­ R m Most.Fin [1] 882.00 873.90 888.90 894.75 860.60 155.67 960.00 550.75 15 875.25
Auro Pharm [1] 871.20 902.50 871.00 907.70 871.00 5086.87 907.05 397.30 37 901.80 ElinElectron 163.00 167.20 163.00 168.00 161.30 230.99 245.00 116.00 ­ ­ G MothersonSum 63.80 63.90 63.70 64.70 61.35 4346.25 92.05 45.15 ­ ­
AurumProptec 125.80 127.65 127.70 128.80 125.10 38.17 149.00 99.85 ­ ­ Emami [1] 558.70 565.30 557.00 569.40 540.00 557.70 582.00 340.95 41 566.15 w Mphasis 2468.20 2445.10 2464.95 2466.70 2417.70 192.01 2550.95 1660.65 32 2442.50
AUSmallFinBk 718.45 723.45 720.15 730.05 709.05 2418.93 794.95 548.15 31 724.05 EmamiPapM [2] 136.35 138.30 136.30 141.90 134.10 107.32 195.00 100.85 51 137.50 BK MPS 1432.70 1520.15 1430.00 1534.90 1430.00 23.39 1654.05 620.00 27 1517.95
Ausom 74.60 76.90 75.95 78.00 73.65 8.17 90.64 51.40 25 76.36 EmamiRealt [2] 81.05 82.15 81.90 83.50 80.10 64.76 92.01 52.00 ­ 82.02 w MRF 107916.20 109058.65 108108.00 109191.65 107476.80 7.36 111940.00 78000.00 38 108983.05
Auto Axl 2202.05 2200.55 2229.00 2239.00 2152.60 18.69 2690.00 1825.00 20 2203.10 Emkay Glo 86.65 87.55 89.40 89.40 84.60 50.19 93.80 61.15 52 87.30 m Mro­Tek [5] 58.35 58.55 59.55 61.00 57.50 46.33 84.00 51.00 ­ 58.96
Auto Stamp 429.80 426.85 430.70 443.00 421.60 76.85 482.00 246.15 59 427.80 Emmbi Ind 103.90 110.20 103.00 113.00 102.00 213.84 116.30 73.05 29 110.01 N O DG MRPL 91.10 91.40 91.10 93.10 87.65 5549.27 99.35 49.20 17 91.34
AvadSug&Egy 623.30 663.75 620.50 669.90 620.50 204.24 698.15 388.00 13 661.95 Emudhra 470.00 467.00 470.95 478.00 452.10 122.71 534.80 206.80 ­ ­
AvalonTech 587.95 564.70 583.95 593.65 560.15 415.41 732.10 348.00 ­ ­ MrsBectrFood 981.40 966.60 982.10 1018.00 961.10 163.96 1134.95 339.90 ­ ­
EnduranceTec 1587.85 1566.85 1596.20 1625.00 1560.55 68.33 1749.00 1171.60 48 1568.20 MSTC 406.90 410.45 413.65 414.15 394.30 353.99 467.80 239.00 ­ ­
Avanti Feeds [1] 428.95 429.45 430.20 434.80 425.20 188.64 527.95 321.15 22 429.80 Energy Dev 18.60 18.50 18.80 19.15 18.15 104.96 25.05 13.65 ­ 18.64
AvenuSupmart 3753.25 3813.70 3760.95 3823.95 3731.20 282.45 4601.90 3292.65 96 3810.00 MtarTech 2623.10 2635.75 2634.00 2700.70 2580.10 696.10 2920.35 1473.00 ­ ­
Eng.India [5] 146.95 146.45 147.70 151.00 141.25 6450.68 167.25 62.35 20 146.95 MTNL 23.85 25.05 23.90 25.40 23.35 6083.49 30.35 16.60 ­ 25.04
AVGLogistics 246.95 249.80 250.05 252.20 245.05 12.11 289.00 180.00 ­ ­ Ent.Net.Ind 145.60 148.25 146.30 149.45 141.35 115.28 191.00 109.70 135 148.80 W
AvroIndia 115.70 118.45 117.40 120.60 115.25 57.33 169.45 95.55 ­ ­ Mukand 167.15 168.10 166.55 173.70 166.00 433.72 198.00 99.00 13 168.30
EPIGRAL 995.35 1011.40 1005.95 1015.00 979.20 31.41 1736.00 815.00 ­ ­ G Mukta Ar [5] 60.40 62.55 60.95 63.80 60.10 57.27 68.45 41.62 17 62.62
AVT Natl [1] 78.75 78.80 79.80 79.80 76.90 210.55 124.25 74.05 21 78.89 EPL 198.55 202.40 198.70 205.50 197.10 468.89 236.15 147.00 ­ ­ W
Axis Bank [2] 1000.90 1014.45 1002.95 1017.00 993.7012254.42 1017.50 706.00 14 1015.20 Munj.Auto [2] 57.45 57.65 58.50 58.50 55.65 467.83 66.00 35.55 20 57.69
EqitsSmlFnBk 83.85 85.60 84.25 86.20 83.70 2817.48 101.20 45.80 ­ ­ Munj.Showa [2] 145.80 148.90 146.10 149.60 144.05 146.58 159.10 83.40 16 149.30
AYM Syntex 67.15 66.85 67.15 68.60 66.40 20.08 95.00 52.50 ­ 66.96 ErisLifeSci [1] 807.80 804.80 810.00 815.40 798.45 31.93 924.00 550.90 26 804.95 D MusicBrdcast 14.55 14.95 14.35 15.00 13.85 526.24 27.75 9.70 ­ ­
Eros Intl 18.25 18.65 18.35 19.10 18.20 759.06 43.80 17.54 ­ 18.64 Muthoot Cap 387.90 401.70 386.60 405.80 381.50 68.07 425.50 198.00 8 404.15
B .............................................. Esab Ind 5307.00 5285.90 5310.00 5448.00 5165.50 4.83 5853.35 3118.40 53 5275.65 G MuthootFinan 1271.60 1281.15 1269.00 1285.70 1260.10 162.66 1379.95 911.40 14 1281.15
B&BTriplewal 246.10 246.85 245.00 247.70 240.00 4.40 313.40 178.55 ­ ­ Escorts 3098.10 3119.50 3105.00 3133.15 3058.90 192.29 3344.00 1809.95 51 3118.50 C
Ester [5] 92.05 92.75 92.40 93.70 90.20 100.24 190.00 82.30 ­ 92.85
BaidFinserv
Bajaj Auto
37.10 35.70 37.60 37.70 35.45 1864.11 48.75 27.55
4820.60 4808.30 4820.00 4843.00 4800.25 207.14 4988.55 3462.05
­ ­
22 4808.05 Ethos 1619.15 1646.45 1631.95 1650.00 1575.10 40.63 1700.00 844.55 ­ ­ O C m N ..............................................
Bajaj Elect [2] 1132.10 1155.95 1138.10 1161.10 1132.00 104.16 1325.90 994.00 58 1157.25 EuroFrshFood 143.75 150.50 149.95 162.90 145.80 66.45 192.00 132.05 ­ ­ NaclInd [1] 77.20 77.70 77.70 78.55 75.95 162.11 110.80 71.85 30 77.78
Bajaj Hind [1] 24.95 25.80 24.95 26.00 24.1025747.64 29.88 10.06 ­ 25.76 Ever.Kanto [2] 118.20 120.10 118.55 122.50 116.05 668.46 137.00 66.05 30 119.55 PC NagarjunFer [1] 8.55 8.25 8.35 8.70 8.20 3489.01 13.72 7.30 ­ 8.31
Bajaj Hld 7133.00 7093.20 7101.05 7139.00 7019.00 90.98 7638.00 5557.05 46 7096.30 Everady [5] 390.40 395.00 392.35 399.20 384.10 105.77 441.55 273.40 124 395.75 P N Nah.Cap [5] 323.65 335.10 320.05 343.40 318.25 63.60 409.15 242.00 15 334.40
BajajConCar [1] 234.65 237.35 234.65 242.45 233.80 495.33 262.75 145.65 23 237.35 Everest Ind 1134.70 1130.20 1125.10 1165.00 1111.30 23.13 1242.00 629.95 53 1125.50 RB Nah.Ind 137.50 148.30 138.80 156.40 135.40 1677.18 156.00 84.05 12 148.35
BajajFin [2] 7431.30 7475.90 7429.30 7508.25 7380.65 579.85 7999.90 5487.25 42 7475.50 Excel Ind [5] 903.20 907.80 907.75 928.95 893.55 10.46 1574.65 758.00 24 910.00 Nah.Poly [5] 244.95 251.80 248.00 256.00 234.05 69.21 384.15 200.00 ­ 253.40
BajajFinserv [1] 1542.45 1552.80 1542.00 1565.05 1521.00 1193.07 1846.00 1216.10 274 1552.35 Exide [1] 266.45 267.65 268.80 269.85 263.55 1561.35 280.00 152.75 25 267.70 C Nah.Spg [5] 275.30 279.35 271.25 286.60 268.00 109.41 360.30 213.80 40 279.95
BajajHealth 382.25 412.40 384.90 415.90 379.10 921.55 458.35 275.70 ­ ­ ExpleoSolu 1401.20 1406.65 1401.20 1420.00 1380.00 24.74 1777.20 1151.00 ­ ­ R C Nalco [5] 95.40 97.20 95.40 97.85 94.00 9324.00 106.30 67.00 14 97.22
Bal Phr 95.05 94.80 95.00 97.50 94.00 40.21 106.20 63.40 25 94.53 ExxaroTiles 132.35 133.50 132.75 135.95 129.70 198.28 152.00 98.65 ­ ­ H Nalwa Son 2546.35 2524.75 2605.00 2605.00 2500.00 4.13 2787.95 1528.00 14 2536.25
Balaji Amn [2] 2219.30 2192.15 2222.00 2250.00 2178.00 71.79 3841.85 1872.90 42 2193.10 M Nandan Den 22.25 22.80 22.50 22.95 22.20 172.84 36.50 15.01 ­ 22.71
Balaji Tele [2] 61.90 62.60 61.70 63.70 60.60 263.06 73.85 35.30 12 62.71 F .............................................. C NandaniCreat
NarayaHru
81.45
1039.80
78.95
1035.20
83.90
1048.65
83.90
1049.00
77.95 53.90
1018.20 359.50
117.25 50.05 ­
1077.15 683.10 70 1034.95
­
Balkrishna [2] 2392.20 2401.80 2399.65 2423.80 2350.00 156.95 2568.55 1801.00 43 2400.80 Fact 498.70 515.80 501.00 524.90 490.25 1726.01 564.15 104.35 52 515.90 DC m
BalkrishPap 29.65 28.40 30.80 30.80 28.20 148.26 50.75 23.05 ­ 28.80 DC Natco Phr [2] 819.15 856.10 819.95 881.95 819.85 1424.49 928.45 502.00 21 855.25
FaircheOrgan 1166.85 1148.25 1176.30 1203.95 1132.00 15.13 2449.90 904.90 ­ ­ Nath Bio­Gen 212.10 214.30 212.10 216.15 207.50 59.45 243.70 128.30 11 214.60
BalmerLaw 157.70 165.75 158.50 166.95 157.15 2118.34 174.75 107.70 18 165.40 Fazethree 374.90 378.85 366.05 384.25 366.05 17.42 436.95 247.80 ­ ­
Balrampur [1] 401.10 415.65 401.55 416.50 400.20 2735.44 430.85 306.80 25 415.35 P Natl Build [1] 54.70 56.30 54.95 57.00 53.5519877.60 63.65 29.85 30 56.23
FCS Soft [1] 2.65 2.65 2.65 2.75 2.55 8998.47 3.34 1.84 ­ 2.65 Natl Fert 72.15 73.20 72.20 74.15 71.05 4398.08 89.69 46.10 18 73.04
Ban.Amn.Sp [5] 48.25 49.40 47.55 50.80 47.55 95.80 63.00 33.80 ­ 49.25 FDC [1] 376.60 375.60 368.00 378.45 365.10 334.90 428.00 245.00 26 376.00
Ban.Amn.Sug 2721.90 2709.50 2749.10 2780.00 2700.00 1.62 3176.45 2355.00 26 2709.50 Fed Bk [2] 142.60 145.15 143.00 145.95 140.8016236.36 150.00 109.50 10 145.05 J Nava
Navin Flu [2]
393.90
4506.00
400.80
4476.10
391.00
4530.00
406.45
4552.30
386.55 394.78
4457.05 138.11
429.10 177.85 ­
4922.00 3766.45 75 4476.90
­
Banar.Beads 91.60 90.35 92.60 92.60 88.10 37.52 102.30 71.00 26 90.29 Fed.Goetze 385.75 386.25 385.90 390.80 378.05 156.78 431.40 285.00 20 385.70 &K B
Banco Ind [2] 443.45 467.50 443.80 472.70 442.00 192.46 541.45 176.55 10 469.40 Navkar Corp 58.10 59.35 58.10 59.65 56.00 698.31 71.45 44.45 18 59.34
FiberwebInd 30.50 30.85 30.90 31.45 30.60 90.69 42.20 27.05 ­ ­ Navneet Ed [2] 148.40 148.40 149.05 151.80 145.65 520.74 166.00 88.12 14 148.40
BandhanBank 232.85 236.60 232.45 238.65 228.9517496.79 314.75 182.20 19 236.65 Fiem Ind 1834.50 1818.90 1834.50 1862.50 1781.00 68.05 2109.05 1362.80 16 1819.20 P
Bang Over 46.35 46.65 46.95 47.55 45.80 17.49 61.00 32.55 ­ 46.61 NazaraTech 824.40 836.90 828.00 844.50 811.00 360.65 929.05 480.35 ­ ­
Filatex [1] 45.50 45.95 45.95 46.45 43.70 752.22 56.83 31.60 32 45.69 C
BankaBioloo 73.50 74.15 73.00 74.90 72.85 30.75 100.65 66.05 ­ ­ NCC [2] 150.90 147.30 152.45 154.00 145.25 8820.95 176.95 66.20 15 147.30
Fin.Cable [2] 1079.50 1089.65 1090.45 1096.85 1035.00 485.11 1179.45 437.70 31 1089.70
Bans.Syn [5] 152.80 155.00 152.95 158.25 150.00 131.73 188.50 94.60 5 154.50 NCL Ind 217.50 222.80 219.95 224.75 216.90 169.00 246.25 155.25 16 222.75
FineOrgInd [5] 4928.60 4924.95 4890.00 4980.95 4840.80 18.95 7326.45 4030.65 28 4927.30 m
BarbequeNatn 682.05 683.90 684.00 692.45 670.60 35.96 1192.00 592.00 ­ ­ NDTV [4] 217.15 218.50 217.00 221.50 214.00 321.51 497.60 167.05 ­ 218.25
FineotexChe [2] 306.95 326.25 306.95 329.45 306.95 1416.86 409.45 208.45 57 326.50
BASF 2772.35 2753.10 2772.35 2785.00 2700.05 14.12 3271.75 2195.00 39 2746.90 NECaryCorp 21.05 21.35 21.50 21.85 20.90 133.06 27.79 13.20 17 21.34
Fino.Ind [2] 229.50 225.85 227.40 232.90 221.05 567.24 259.90 131.00 57 225.85 B
Bata India [5] 1700.85 1672.35 1660.00 1688.00 1650.10 583.69 1984.50 1380.85 70 1672.80 Nect.Life [1] 25.10 25.50 25.10 25.85 24.65 635.32 30.55 14.36 ­ 25.55
FinoPaymntBk 344.75 339.10 344.00 344.10 332.10 122.02 379.50 180.20 ­ ­
Bayer Crop 5194.10 5195.65 5221.40 5225.00 5128.00 8.20 5448.95 3922.45 33 5189.65 Nelcast [2] 128.65 130.85 128.15 132.00 125.05 341.39 143.75 72.20 39 130.90
Firstsource 157.80 163.80 158.40 164.65 156.25 3470.23 174.75 95.80 47 163.50 N
BCLIndust 484.10 490.75 492.75 493.50 473.05 83.50 534.50 278.65 ­ ­ Nelco 795.50 802.95 795.80 812.90 783.55 103.03 1009.50 487.00 77 804.25
FiveStrBusFn 689.00 695.95 682.00 707.65 682.00 609.95 876.55 448.20 ­ ­
BEL [1] 134.15 135.85 135.00 136.95 133.3019282.29 147.20 87.00 32 135.85 NeogenChem 1695.00 1744.65 1695.00 1777.00 1655.05 40.72 1800.00 1140.00 ­ ­
FocusLtg&Fix 770.70 762.10 770.70 779.85 756.00 13.03 824.00 134.00 ­ ­ BC m
BEML 2311.95 2421.30 2348.00 2454.00 2307.30 1162.08 2715.65 1129.10 61 2424.45 Nesco [2] 677.30 680.65 680.50 690.05 671.20 112.03 746.30 505.25 15 681.20
Foods&Inns 168.35 170.30 170.00 173.65 167.00 110.01 206.90 75.75 ­ ­ P
BEMLLandAset 169.80 166.85 170.30 174.30 166.45 205.25 212.00 136.00 ­ ­ NestleIndia 22317.75 22179.80 22275.55 22569.15 22150.05 50.83 23390.00 17888.00 78 22186.55
ForceMotors 3652.20 3733.45 3648.00 3800.00 3517.60 55.23 4001.85 1085.20 ­ ­ D
BergrPaintIn [1] 719.20 724.00 716.95 725.00 710.25 611.33 728.65 527.60 76 723.60 NetwebTecInd 835.75 820.75 834.00 839.95 806.85 200.71 952.00 782.70 ­ ­
Fortis Hlt 335.30 328.05 334.25 336.90 325.30 1763.71 352.00 245.40 ­ 328.70 P
BF Inv [5] 486.20 491.60 487.95 501.85 473.05 73.78 568.05 260.00 27 491.05 Netwk 18 [5] 65.85 68.55 66.50 68.80 65.35 2605.98 78.40 48.35 ­ 68.45
Foseco 3338.55 3364.20 3338.55 3398.80 3281.05 7.21 3925.00 1819.15 39 3359.55 P
BF Util [5] 694.80 688.85 679.00 702.00 660.55 332.91 816.00 283.00 439 690.65 Neuland 3536.35 3587.90 3512.50 3625.00 3400.00 42.64 4338.00 1205.15 21 3583.70
FSNEComVent 145.15 148.75 145.00 150.00 145.00 7225.46 1414.00 114.25 ­ ­ w
BGR Engy 66.70 67.70 66.05 68.90 65.70 587.69 88.40 44.25 ­ 67.70 NewgenSwTech 838.70 852.35 830.70 868.60 825.00 78.31 1000.00 327.95 33 852.60
FusnMicroFin 593.25 596.25 593.95 607.95 581.85 216.13 691.00 321.10 ­ ­ &P
Bhageria Ind [5] 159.50 158.20 159.50 160.40 154.75 32.62 207.65 111.60 50 158.15 NglFineChem 1961.65 1987.80 1970.00 2010.00 1900.10 8.27 2439.95 1175.05 ­ ­
W
NHPC 50.70 51.90 50.50 52.20 49.3551861.78 55.75 34.05 14 51.88
BhagiradaChm 1194.25 1218.40 1177.50 1225.00 1175.10
Bhans.Eng [1] 90.30 91.10 90.05 92.25
3.57 1726.25 1000.00
88.40 448.23 111.50 58.10
­
16 91.12
­ G .............................................. NIIT [2] 117.30 140.75 121.00 140.75 120.0519087.37 140.58 61.60 137 140.58
Gabriel [1] 292.05 309.15 299.65 313.10 289.00 527.63 338.35 129.50 31 309.95 KC m
Bharat Bij 3781.80 3838.15 3781.80 3885.00 3670.00 24.94 4387.00 1778.30 24 3844.40 NIITLearnSys 391.80 470.15 391.00 470.15 373.20 1390.01 470.15 362.25 ­ ­
Gail(India) 122.25 124.25 123.10 124.85 120.8010650.87 129.50 83.00 22 124.25 K C m
Bharat For [2] 1074.65 1081.10 1079.75 1083.90 1064.05 1051.83 1121.40 677.85 44 1082.15 Nila Infras [1] 7.45 7.80 7.50 8.00 7.10 3626.16 8.70 4.23 ­ 7.84
GalaxSurfact 2722.85 2679.45 2722.00 2722.00 2610.00 23.13 3420.00 2217.50 43 2678.90 KP
Bharat Gea 123.80 124.55 125.00 126.80 122.15 58.26 173.00 96.00 23 124.30 K Nilkamal 2393.30 2338.35 2360.00 2393.95 2330.00 5.42 2800.00 1671.60 28 2330.15
Gallant Mtl 96.10 94.15 95.85 98.85 92.00 337.08 103.86 46.00 15 94.03 NipponLIAM 332.15 338.00 332.00 340.00 330.20 641.28 342.00 196.90 ­ ­
Bharat Ras 9329.95 9228.75 9331.05 9498.25 9200.00 1.5012289.65 8299.00 40 9223.35 Gandhi Tub [5] 685.65 683.65 704.00 708.55 670.05 14.68 769.00 411.00 16 682.35 m
Bharat Wire 253.95 257.75 254.00 261.70 245.05 673.41 293.70 87.50 24 257.60 M Nitco 18.00 18.10 18.00 18.65 17.85 581.88 31.00 16.40 ­ 18.06
Ganesh Hsg 426.95 426.85 429.50 435.00 409.00 64.53 491.30 261.30 43 428.50 Nitin Spn 288.50 293.45 292.80 297.15 281.05 191.76 334.45 182.25 13 293.60
BharatDynamc 1077.70 1066.05 1079.80 1125.00 1051.50 1052.72 1278.00 786.85 55 1065.25 Ganesha Ecos 1009.80 1009.25 1002.50 1043.95 961.70 104.56 1158.95 595.00 33 1009.20
BharatRdNwk 38.85 37.85 38.85 39.55 36.70 156.10 47.20 24.50 ­ 37.93 C H NLC India 128.00 131.20 128.55 133.45 125.10 3289.00 147.40 65.05 17 131.25
GaneshBenzop 157.80 159.45 158.40 162.70 157.30 201.41 184.40 118.80 ­ ­ Nmdc [1] 136.50 142.20 137.00 142.85 135.6514712.52 146.75 85.09 9 142.25
Bharti Air [5] 890.40 915.15 888.05 918.00 885.55 5222.56 918.00 736.20 122 914.90 GangesSecu 120.50 122.30 124.00 124.00 120.05 11.49 144.95 86.05 13 123.20 P
BHEL [2] 125.65 128.80 126.95 130.70 121.6074638.97 148.95 54.75 ­ 128.80 w NMDC STEEL 53.95 54.10 54.10 54.80 52.50 7634.71 59.75 29.75 ­ ­
GardenReach 814.80 798.95 818.65 839.90 776.10 2249.82 973.95 302.20 36 798.15 Nocil 239.25 248.95 239.25 251.85 236.95 1991.79 289.50 199.05 36 249.25
BigBlocCons [2] 156.95 154.80 157.90 160.80 152.20 130.09 179.25 116.80 70 155.80 GarwareHiTec 1256.30 1285.90 1250.00 1310.75 1234.00 26.09 1413.80 491.35 ­ ­
BikajiFoodIn 496.25 489.60 495.75 501.20 477.25 699.00 533.00 303.00 ­ ­ W Noida Toll 6.85 6.85 7.00 7.00 6.80 382.45 10.22 5.71 ­ 6.87
GarwarTecFib 3193.50 3186.70 3209.50 3209.50 3150.00 10.32 3683.65 2586.95 37 3180.80 NovartisInd 744.20 748.60 744.20 756.90 740.05 19.30 909.00 537.00 ­ ­
Biocon [5] 267.30 270.85 267.30 271.95 265.85 2368.00 309.00 191.60 ­ 270.95 Gati [2] 160.25 170.40 160.95 173.35 159.75 4724.76 195.25 97.65 ­ 170.65 WH
BioflChm&Pha 47.60 48.00 48.50 48.90 46.00 38.85 64.85 35.14 ­ 47.96 W NRAgarwalInd 342.15 367.85 342.55 371.95 341.15 85.27 427.90 196.25 ­ ­
GatwayDistri 85.10 84.35 85.10 86.15 83.25 799.57 91.70 58.55 ­ ­ NRB Bear [2] 262.10 269.00 257.25 271.40 252.00 448.72 289.95 125.05 29 269.35
BirlaCable 363.30 345.15 345.15 353.65 345.15 341.84 432.55 118.85 24 344.80 GE Ship 802.10 818.85 799.00 825.90 798.85 413.35 864.15 478.70 5 818.70 K
BirlaCorp 1252.20 1277.65 1263.80 1295.90 1247.20 108.42 1337.00 843.05 136 1279.10 NTPC 235.10 237.15 236.10 238.45 233.15 9151.93 244.95 155.05 13 237.20
GE T&DInd 336.05 346.25 328.10 352.85 326.20 364.16 368.75 98.55 ­ ­ Nucleas Sw 980.65 997.05 987.00 1020.00 986.70 47.94 1265.50 365.00 16 1001.65
Birlasoft 497.15 494.10 498.00 502.30 489.00 1815.18 535.55 250.25 ­ ­ Geecee 181.95 184.00 181.95 186.20 178.10 16.24 205.00 122.05 39 183.30
Bk of Ind 98.45 103.55 98.40 104.55 96.7051789.14 104.70 45.90 8 103.67 NupurRecycle 96.30 94.30 97.00 97.00 91.20 119.70 159.00 90.50 ­ ­
Genesys [5] 340.75 348.70 340.75 359.70 335.50 88.54 609.00 267.00 42 348.10 NURECA 352.10 360.60 357.40 364.25 347.15 39.44 1135.95 295.10 ­ ­
Bk of Mah 41.10 43.00 41.00 43.30 40.1062583.97 44.75 16.95 10 43.01 GenInsCorp [5] 206.70 212.45 208.30 215.45 206.85 870.48 232.45 116.05 6 212.15 P
Bk ofBar [2] 199.95 208.65 199.90 209.45 198.1038949.20 210.80 124.00 7 208.70 NuvocoVistas 364.80 371.30 367.70 377.00 361.00 129.65 475.00 288.00 ­ ­
GensolEngg 1841.00 1818.40 1851.00 1889.00 1790.00 31.57 2121.65 1310.25 ­ ­
BL Kash [1] 50.70 51.80 51.10 52.40 48.00 655.03 57.40 23.00 24 51.76 M
BlackBox 195.80 196.05 192.55 203.35 190.05 192.20 237.90 84.40 ­ ­
Genus P&B [1]
Genus Pwr [1]
18.55
257.85
19.05
270.10
18.45
249.95
19.30
270.70
17.75 1766.74
244.95 2870.67
21.80
290.00
12.65 ­ 19.05
76.50 130 270.75 W O ..............................................
BLB [1] 21.90 22.20 21.50 22.40 21.30 66.48 37.80 18.00 18 22.39 GeojitFinSer 51.30 52.55 51.40 54.35 51.25 904.73 59.40 39.15 ­ ­ D Oberoi 1140.30 1133.95 1140.30 1151.50 1122.85 524.96 1206.00 790.05 65 1133.70
Bliss GVS [1] 91.20 93.90 92.45 94.85 89.00 336.33 103.90 68.60 14 94.10 GEPowerIndia 169.35 174.65 171.90 182.80 170.15 1457.29 198.00 97.45 ­ 174.95 OdishaCeme [2] 2333.70 2356.75 2329.95 2361.85 2293.25 371.51 2420.00 1478.05 228 2356.60
BLSIntlServ [1] 278.40 269.55 277.00 279.90 265.30 2279.62 302.00 126.50 ­ 269.50 GFL 82.35 82.95 82.00 84.90 79.75 221.50 95.65 45.35 ­ ­ Oil India 272.45 273.80 275.05 278.60 271.80 2003.89 296.95 168.30 4 273.05
Blue Dart
BlueStar [2]
6628.05 6806.25 6541.00 6842.00 6541.00 54.50 9639.45 5633.00
782.15 795.85 782.15 803.45 772.40 115.51 819.65 521.00
52 6805.10
60 796.65
Ghcl 630.65 634.65 628.00 640.00 621.20 514.24 665.60 436.44 6 634.55 K OlectrGrnTec
Omax Auto
1197.50
61.35
1179.05
59.40
1193.95
60.10
1223.00
60.10
1150.00 640.78
58.30 62.17
1465.00
87.60
374.10
37.65
­
­ 59.51
­
GhclTextiles 75.25 76.20 75.55 77.40 73.30 273.64 86.00 62.50 ­ ­ K
Bodal Chem [2] 81.40 82.95 81.00 84.95 80.30 1143.23 101.40 55.00 70 82.86 GIC Hsg 189.15 191.95 189.25 192.50 185.05 384.82 247.70 124.00 5 192.05 K C Omaxe 43.25 44.15 43.55 44.55 42.80 366.53 112.35 42.39 ­ 44.13
Bomay Bur [2] 1169.05 1206.80 1150.00 1220.00 1149.95 120.44 1297.95 780.65 ­ 1204.40 Gillander 70.55 75.80 71.00 77.00 70.00 274.35 87.80 56.61 72 76.00 K C m OMDC [1] 4645.95 4732.90 4646.95 4775.00 4495.00 22.56 5100.00 2295.00 ­ 4733.10
Bombay Dye [2] 131.40 140.50 132.00 141.85 130.35 4569.86 160.00 53.37 ­ 140.45 Gillette 5863.50 5855.85 5889.95 5919.00 5770.00 11.81 6102.95 4140.00 54 5867.30 K P RU PR One97Commn 864.55 838.25 868.55 877.95 825.00 4053.66 938.65 438.35 ­ ­
BOROSIL 407.60 411.15 407.00 416.70 401.05 78.40 482.20 300.00 ­ ­ GlandPharma 1653.60 1639.90 1653.55 1670.95 1616.45 226.76 2456.35 861.00 ­ ­ K ONGC [5] 180.90 183.90 181.90 184.70 180.9010578.79 186.70 121.50 6 183.90
BorosilRenew 432.30 434.00 432.90 438.85 429.05 192.62 624.85 380.00 ­ ­ Glaxo Phr 1461.75 1544.05 1465.95 1552.00 1455.40 335.67 1551.85 1228.00 43 1546.75 K OnMobile 109.20 112.35 109.10 113.90 107.85 1226.05 132.15 56.27 ­ 112.45
Bosch 19160.35 19362.10 19102.25 19435.00 19102.25 16.34 19980.00 15301.10 3819373.85 Glenmark [1] 814.20 861.90 819.20 864.70 812.80 4770.91 864.75 363.80 17 861.60 K w Onward Te 568.00 580.50 570.85 585.00 555.00 82.53 662.70 223.00 65 580.45
BPCL 348.40 355.60 350.60 356.15 347.20 4856.86 397.80 288.20 4 355.45 GlnmarkLifSc 618.10 615.25 619.95 627.05 611.00 104.53 675.00 370.00 ­ ­ K m H OptimusInfra 308.50 317.95 310.90 324.95 309.15 179.16 381.20 160.45 85 318.10
BPL 68.95 73.20 69.65 75.45 67.55 419.43 89.45 46.82 51 73.26 Glob.Spr 899.60 901.70 908.50 924.60 894.70 143.15 1326.25 700.00 21 902.50 K m OracleFinSer [5] 4288.35 4209.50 4198.95 4234.60 4097.25 170.03 4528.95 2883.80 20 4205.70
Brigade 605.95 617.05 610.00 622.00 596.80 111.10 649.90 430.95 47 616.45 GlobalEductn 185.10 188.60 189.10 194.50 182.95 57.81 450.10 136.30 ­ ­ K Orient Bell 470.80 469.60 471.00 476.15 467.00 6.44 692.65 451.00 50 470.60
BrightcomGr [2] 15.20 15.95 15.60 15.95 15.5024405.85 43.65 9.27 ­ 15.91 GlobalHealth 676.70 702.00 683.15 705.90 679.00 380.21 731.80 390.55 ­ ­ K C m Orient Cem [1] 175.30 188.05 174.90 188.90 172.00 1796.21 205.90 104.70 31 187.95
Britannia [1] 4567.15 4608.25 4567.15 4630.45 4549.10 435.79 5268.55 3555.00 53 4608.55 GlobalSurfac 176.35 176.95 175.80 178.50 171.00 205.48 229.95 167.50 ­ ­ K N Orient Htls [1] 88.65 86.35 88.50 89.20 84.85 648.21 97.95 62.80 26 86.03
BSE 1298.05 1300.25 1266.90 1318.95 1218.85 2691.99 1438.00 406.20 ­ ­ GlobeText(I) 3.65 3.60 3.65 3.75 3.50 828.36 10.25 2.10 ­ ­ K Orient Pap [1] 53.30 54.15 53.25 55.60 51.90 3818.55 59.79 28.75 9 54.15
BtrflyGandhi 1231.70 1235.85 1231.70 1249.95 1209.35 10.41 1862.55 980.65 42 1233.60 GM Brew 641.95 668.25 642.10 673.65 642.10 73.43 718.95 509.00 12 669.05 K B OrientalArmt 373.05 373.40 375.00 379.40 366.10 9.19 624.40 295.55 ­ ­
Burnpur 4.95 4.80 4.95 4.95 4.75 238.47 6.75 3.55 ­ 4.85 Gmdc [2] 262.05 291.20 262.50 294.25 256.2017927.23 295.50 122.75 9 290.90 K OrientalCar 815.50 805.00 820.35 832.90 790.85 67.21 989.80 651.00 18 808.35
GMMPfauder [2] 1723.65 1740.45 1727.45 1754.00 1680.00 249.78 2189.50 1350.00 82 1743.90 K OrientElect 235.20 229.50 237.20 237.20 228.10 485.43 291.00 215.65 ­ ­
C .............................................. GMR Inf [1] 59.50 60.55 59.55 60.95 58.3512937.63 66.75 34.10 ­ 60.57 K OrisaBengCar 50.10 50.85 52.50 52.50 50.45 38.73 109.60 45.00 ­ ­
Camlin Fine [1] 160.50 162.40 161.25 165.00 156.90 1629.08 186.25 111.65 57 162.60 GmrPwr&Urbn 33.30 36.60 34.70 36.60 34.5014689.95 39.40 14.35 ­ ­ K OswalAgroMil 27.80 27.45 28.40 28.95 27.00 372.88 55.05 23.55 ­ 27.51
CampsActWear 300.40 299.90 302.00 303.00 296.05 1175.75 639.30 282.75 ­ ­ GNA Axles 511.50 522.10 513.90 524.00 510.00 43.81 582.05 313.03 16 522.15 KCP OswalGrenTec 23.65 23.70 23.75 24.15 23.20 517.23 33.50 16.80 ­ ­
Canara Bk 348.80 364.75 348.70 365.30 345.0514701.35 365.55 207.45 6 364.75 GNFC 625.90 653.20 626.05 655.50 625.35 2405.07 789.00 484.45 10 653.20 KCP
CanFinHom [2] 751.80 775.05 757.45 780.95 751.80 1052.20 905.00 451.10 16 774.85 Goa Carb 525.80 536.00 525.80 546.70 510.00 119.39 683.45 391.80 6 537.70 KDD P ..............................................
Cantabil 1092.85 1105.15 1081.00 1131.00 1060.25 71.11 1545.65 800.50 28 1107.70 GOCL Corp [2] 434.45 443.25 434.50 449.15 429.50 104.87 481.40 255.70 23 442.25 K C P&GHealth 5099.20 5110.10 5048.60 5130.00 5007.15 5.32 5500.00 3870.10 ­ ­
CapaciteInfr 218.35 217.10 219.00 223.30 204.05 2772.26 248.00 108.90 19 217.20 God.Pow.Isp [5] 590.10 605.40 590.00 609.75 566.55 617.44 640.10 255.00 12 605.35 K P&S Bk 38.55 40.90 38.25 41.25 37.15 9723.20 44.65 14.65 22 40.99
CapitalTrust 105.70 106.70 105.00 109.00 105.00 36.52 113.10 52.80 ­ 106.51 Godfrey [2] 2052.50 2072.45 2052.00 2083.90 2037.40 37.17 2250.00 1079.20 14 2072.50 K Page Ind 40847.20 40216.25 40870.00 40950.00 39825.75 44.66 54262.30 34968.60 8640198.75
Caplin Point [2] 971.75 1000.85 981.60 1010.00 960.10 150.37 1122.00 575.00 31 1000.20 Godrej Cons [1] 1011.95 1003.65 1011.95 1015.00 1000.05 614.28 1101.55 793.70 62 1004.15 K m PaisaloDigit [1] 62.85 62.80 63.35 64.45 61.05 806.28 97.20 42.01 25 62.97
CapriGlo [2] 785.40 778.35 792.95 798.00 775.00 166.71 874.00 565.85 107 778.20 Godrej Ind [1] 553.15 570.80 554.00 572.90 549.95 301.02 600.00 395.20 131 568.90 K w C Pakka 192.20 208.80 190.10 211.95 190.00 369.95 226.40 117.40 ­ ­
CARE 819.60 822.90 823.70 830.90 810.00 69.52 844.20 468.10 23 822.80 Godrej Pr [5] 1624.20 1642.15 1624.95 1647.35 1600.00 446.74 1768.80 1005.70 72 1643.20 K PalredTech 147.40 153.35 149.90 156.90 145.80 23.80 194.45 112.10 80 151.90
CartradeTech 559.40 567.45 559.40 572.75 552.00 101.12 733.00 340.15 ­ ­ GodrejAgrovt 481.85 482.30 484.40 489.20 471.80 246.32 560.00 391.20 28 482.50 K R Pan.Petro [2] 323.75 325.15 324.00 329.45 317.00 182.28 424.75 268.05 12 324.50
Carysil 641.25 636.65 625.90 643.45 622.55 67.86 739.50 431.05 ­ ­ GoFashionInd 1373.00 1365.55 1376.00 1385.60 1355.05 49.74 1453.00 876.05 ­ ­ K Panac.Bio [1] 130.25 133.20 131.10 135.45 129.35 349.83 165.00 107.15 ­ 133.25
CastrolIndia [5] 147.55 148.25 147.55 151.60 145.50 1797.09 162.65 107.70 18 148.15 Gokaldas [5] 764.95 788.60 755.50 795.00 750.00 260.83 883.55 325.70 28 789.65 K m ParadepPhosp 67.20 68.65 67.50 69.00 64.75 5476.01 74.75 48.30 ­ ­
CCL Prd [2] 667.45 666.10 663.75 671.65 644.00 231.95 750.00 471.00 54 665.30 Gokul Agro [2] 110.20 112.70 109.00 114.00 104.90 197.95 151.72 78.54 16 112.50 K C m& ParagMilk 188.80 200.50 190.00 204.05 189.20 1008.81 218.70 68.00 31 200.55
Ceat 2152.15 2138.60 2154.95 2186.00 2122.00 123.48 2640.00 1357.60 22 2138.60 Gokul Ref [2] 31.90 34.05 32.15 35.95 31.50 660.75 44.20 25.10 ­ 34.08 K & ParasDef&Spc 757.90 763.50 757.00 778.10 732.05 628.99 848.00 445.55 ­ ­
CEInfoSystem 1632.60 1717.70 1637.00 1730.00 1635.80 170.45 1798.00 984.05 ­ ­ Goldiam Int [2] 127.15 129.50 127.80 130.70 126.50 252.40 178.95 121.20 27 129.40 K Parsvnath [5] 8.80 8.90 8.95 9.10 8.80 456.38 11.44 6.00 ­ 8.92
Celebrity 16.90 17.45 17.05 17.70 16.55 194.49 25.85 12.15 14 17.42 Good Luck S [2] 567.65 583.10 561.00 588.00 554.70 166.78 627.00 355.55 17 582.40 K PasuptiAcryl 35.50 35.90 35.40 36.60 35.05 161.13 44.65 22.35 ­ ­
Cent Enka 426.85 432.45 422.10 435.95 422.10 30.28 489.90 340.00 15 431.75 GoodyearInd 1301.55 1335.35 1308.00 1341.00 1281.95 16.42 1451.00 1000.00 ­ ­ K B Patel Eng [1] 51.35 50.30 50.15 52.35 48.8010171.60 62.11 13.10 22 50.29

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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

PavnaInd 438.05 451.80 438.00 456.90 436.25 3.58 484.00 269.60 ­ ­ SBILifeInsur 1346.50 1345.50 1350.00 1351.05 1328.25 438.03 1374.85 1039.25 73 1344.30 ThyrocareTec 549.15 538.70 546.10 554.95 535.25 105.71 769.00 416.00 51 538.30 BIRLASLAMC­ABSLNN50ET 47.09 47.19 2.18 50.10 37.52 ­
PBFintech 788.40 758.00 785.00 786.00 757.00 1207.08 818.00 356.20 ­ ­ SchaeflerInd [2] 3438.40 3295.70 3471.40 3478.00 3260.00 189.42 3968.75 2554.75 57 3294.65 Tidewater [2] 1159.50 1161.60 1143.45 1172.00 1134.60 65.89 1234.25 809.75 23 1166.60 BIRLASLAMC­BSLSENETFG 65.62 65.84 1.11 77.00 46.24 ­
PC Jewl 26.70 26.90 26.90 27.20 26.40 1117.05 104.90 21.40 ­ 26.96 SChand&Co [5] 248.40 262.40 249.05 268.00 249.00 207.17 297.95 152.00 45 263.65 Tilakngr Ind 198.20 202.95 198.70 206.00 195.85 334.48 224.95 77.60 43 203.25 BIRLASLAMC­HEALTHY 9.82 9.84 113.08 10.19 6.55 ­
PCBL 161.20 167.15 162.50 168.75 159.70 3244.48 179.55 108.70 ­ ­ Schneider [2] 338.40 336.20 337.80 341.45 323.15 846.35 370.00 138.10 62 336.65 Time Gty 65.15 66.20 67.65 68.75 64.15 20.17 77.61 43.47 53 66.76 BIRLASLAMC­MOMENTUM 22.83 22.90 11.49 25.00 17.33 ­
PDS 413.15 471.25 415.00 485.00 415.00 2086.18 485.00 280.00 ­ ­ SCI 142.50 141.90 140.00 146.80 136.10 5683.54 164.00 79.50 8 141.85 Time Tech [1] 141.95 143.75 141.95 144.90 138.60 2044.10 156.40 69.55 27 143.90 BIRLASLAMC­NIFTYQLITY 16.66 16.50 17.65 17.65 13.41 ­
Pearl Glo 929.05 960.30 929.05 975.00 900.10 28.26 1018.95 334.35 60 962.80 Seamec 626.05 650.75 621.00 664.45 611.10 52.74 1274.95 563.30 30 653.05 Timken 3158.55 3166.35 3174.30 3195.40 3149.00 24.45 3760.80 2626.10 66 3164.85 BIRLASLAMC­TECH 33.59 33.79 15.82 34.26 26.66 ­
Pearl Poly 26.45 28.05 26.70 29.00 25.35 390.73 38.00 16.00 ­ 28.15 SecurCredent 16.05 19.25 16.05 19.25 15.75 2815.53 138.00 15.60 ­ ­ Tinplate 401.60 403.25 401.60 405.70 396.05 176.93 417.00 291.00 70 402.50
ConsConstCon 165.15 165.14 105.13 168.30 133.10 ­
Peninsula [2] 28.55 30.05 28.65 30.35 28.15 696.47 39.70 11.11 14 30.12 SecureludTec 41.65 41.15 42.50 42.50 40.55 35.34 73.60 30.15 ­ ­ Tips Ind [1] 307.50 318.35 309.00 319.95 304.00 128.22 343.75 143.35 47 318.10
SecuriIntSvc [5] 436.30 437.85 436.20 439.95 430.05 28.95 482.60 317.95 31 436.70 DSPAMC ­ DSPBANKETF 45.79 46.17 9.63 51.00 35.90 ­
Pennar Ind [5] 103.75 107.00 104.90 109.80 102.55 1138.81 119.77 40.10 30 106.95 TitagarRail 765.70 754.60 764.00 771.90 681.00 4206.77 867.70 158.00 ­ ­
Persistnt 5839.90 5779.50 5786.80 5826.50 5714.05 355.27 6035.00 3091.65 50 5776.25 Selan Exp 374.10 393.40 375.90 398.25 370.00 605.56 398.40 206.75 22 395.55 TitanCompa [1] 3185.80 3263.20 3178.05 3270.00 3178.05 1370.31 3269.00 2268.90 87 3262.85 DSPAMC ­ DSPGOLDETF 59.10 58.45 0.49 71.70 57.40 ­
Petronet 234.70 236.30 235.50 238.65 233.10 1995.24 254.25 195.75 11 236.20 SencoGold 394.95 401.30 396.50 408.00 390.30 410.12 444.00 358.45 ­ ­ TMB 573.95 570.65 579.65 591.00 567.00 252.58 611.35 399.00 ­ ­ DSPAMC ­ DSPITETF 33.05 32.68 73.05 34.55 29.20 ­
PFC 282.90 278.20 283.85 287.90 275.6018283.37 313.90 100.85 6 278.35 SEPC 12.75 12.95 12.80 13.20 12.45 5027.89 15.90 7.45 ­ ­ TN News 255.85 268.85 255.90 270.95 255.00 882.52 294.00 200.05 4 269.15 DSPAMC ­ DSPPSBKETF 46.76 49.21 2.54 52.00 43.92 ­
Pfizer 3841.70 3849.60 3849.90 3870.00 3835.55 55.19 4662.35 3406.95 32 3851.35 Sequent Sc [2] 87.60 88.40 87.65 89.80 86.40 953.35 117.70 61.80 ­ 88.31 TN Petro 92.25 91.85 92.25 94.80 89.20 552.30 111.65 68.37 11 91.80 DSPAMC ­ DSPPVBKETF 23.08 23.38 14.78 28.06 22.45 ­
PG Elec 1787.60 1769.55 1780.00 1809.15 1753.05 51.33 2138.70 900.00 96 1769.30 Sesh.Paper [2] 386.25 396.00 386.25 401.50 376.00 333.95 421.75 220.00 6 395.90 Tor.Pwr 720.15 725.75 720.15 734.15 711.75 438.90 745.00 430.90 17 725.60 DSPAMC ­ DSPSENXETF 65.68 66.33 1.63 79.51 63.03 ­
PGHH 17099.30 17322.00 17047.15 17499.95 16900.00 3.07 17466.00 13101.05 83 17354.70 Shah Alloy 59.80 60.80 59.80 64.00 57.60 48.68 82.65 38.80 7 60.70 TorrentPhar [5] 1857.50 1868.55 1864.65 1876.95 1848.20 338.26 2099.95 1446.15 60 1868.30 DSPAMC­DSPN50ETF 200.98 204.30 19.91 243.00 169.50 ­
Phoenx.Mil [2] 1868.45 1804.80 1865.00 1868.45 1795.60 345.82 1901.40 1186.45 150 1800.20 ShahMetacorp 2.85 2.80 2.85 2.90 2.80 887.04 4.20 2.40 ­ ­ Tou.Fin.Cor 98.85 104.65 99.45 105.60 95.85 2445.44 117.40 59.75 11 104.45 DSPAMC­DSPNEWETF 241.53 237.31 17.13 260.00 194.25 ­
PidiliteInd [1] 2487.25 2488.55 2486.00 2510.60 2456.00 395.45 2916.85 2250.85 91 2488.30 Shakt.Pump 752.45 748.05 752.70 782.30 730.20 105.17 927.40 380.15 66 747.85 TracxnTech 75.05 74.95 75.90 76.00 74.10 269.40 103.40 60.10 ­ ­ DSPAMC­DSPQ50ETF 193.56 197.94 13.33 213.70 151.15 ­
PIIndustries [1] 3604.15 3637.40 3597.00 3645.00 3565.40 127.59 4010.00 2870.00 41 3636.30 Shal.Paints [2] 155.35 160.30 157.50 162.00 155.15 143.65 180.00 121.55 ­ 160.20 Trans.Corp [2] 789.15 788.35 786.80 795.90 780.00 16.23 844.55 556.05 20 792.75 DSPAMC­DSPSILVETF 70.60 70.28 9.70 78.80 53.00 ­
Pilani Inv 2188.85 2221.10 2195.95 2225.00 2161.60 12.67 2348.15 1602.65 15 2216.70 Shalby 236.60 232.30 238.95 244.70 229.50 535.16 261.50 114.35 29 232.25 TRANSINDIA R 41.15 43.45 41.15 44.00 39.45 1763.36 48.65 32.80 ­ ­ DSPBRAMC­LIQUIDETF 999.99 999.99 259.45 1030.00 990.00 ­
Pion.Emb 50.65 49.50 50.20 51.70 49.00 74.06 61.54 26.50 45 49.82 ShankarBldg 785.10 788.30 789.80 803.70 771.30 124.77 929.30 574.00 30 787.80 Transwarnt 10.15 10.35 10.10 10.60 10.05 18.78 13.80 7.55 ­ 10.50 EDELAMC ­ EBBETF0425 1151.09 1152.09 3.06 1190.11 1071.11 ­
PiramalPharm 100.30 103.00 99.00 103.25 98.80 4940.45 178.95 63.10 ­ ­ Shanthi Grs [1] 488.45 490.60 507.50 507.50 467.05 98.96 527.00 292.10 52 491.70 Trent [1] 2057.40 2065.40 2061.50 2073.00 2012.35 355.76 2130.00 1155.10 122 2067.45
Sharda Moto [2] 994.85 1008.15 994.90 1023.90 978.10 49.24 1097.50 550.00 14 1008.10 EDELAMC ­ EBBETF0430 1298.19 1298.87 2.52 1329.70 1040.00 ­
Pirmal.Ent [2] 1063.65 1073.70 1060.00 1078.95 1036.50 2681.13 1140.00 630.20 8 1072.90 TRF 218.60 219.30 218.65 225.00 215.25 69.71 374.35 152.70 3 219.30
PittiEngg [5] 557.50 573.00 563.00 589.90 550.00 245.16 665.10 256.80 30 571.40 ShardaCropch 442.00 447.25 442.00 449.95 437.00 47.05 580.00 368.80 14 448.60 Trib Bhimji 108.70 112.25 108.85 113.50 106.70 398.74 125.70 58.50 16 112.10 EDELAMC ­ EBBETF0431 1155.76 1158.43 5.10 1189.65 1069.53 ­
PixTransmisn 1086.90 1105.85 1103.20 1124.95 1074.95 19.38 1568.95 702.00 ­ ­ ShareIndSec 1337.25 1327.00 1335.00 1339.30 1315.10 14.31 1438.00 990.60 ­ ­ Trident [1] 37.50 39.10 37.65 39.30 37.4022049.92 43.75 25.10 ­ 39.09 EDELAMC ­ EBBETF0433 1053.02 1052.77 3.43 1085.05 1001.05 ­
Plastiblen [5] 222.85 229.10 222.85 232.30 222.40 55.14 250.70 139.00 24 229.70 SheelaFoam [5] 1111.30 1113.95 1109.50 1127.65 1092.00 37.58 1559.50 905.50 52 1115.55 Trigyn 122.05 125.20 121.80 126.20 120.40 227.01 145.35 84.75 67 125.00 EDELAMC­BBETF0432 1082.31 1083.02 4.21 1266.00 844.00 ­
PNB Gilts 63.20 64.50 64.00 64.75 62.90 441.77 71.60 55.25 18 64.63 Shilpa Med [1] 352.30 361.45 352.05 365.30 344.95 393.93 409.40 222.40 ­ 361.25 TRIL [1] 141.20 152.85 141.35 153.90 136.00 4362.12 157.65 38.65 100 153.20 Gold BeEs [1] 50.02 49.88 2467.09 52.85 42.16 49.88
PNB Housing 667.95 684.10 669.00 685.70 665.25 327.43 699.00 306.22 15 683.65 ShilyEngPlas 1746.20 1785.25 1745.65 1799.95 1742.05 7.10 2099.00 955.00 ­ ­ Triv.Eng [1] 331.45 354.90 332.85 359.85 328.60 2209.90 360.00 239.60 18 355.00 Goldmanamc ­ CPSEETF 50.87 51.58 1220.58 53.15 33.82 51.56
PNC Infratec [2] 359.45 354.35 365.00 372.30 351.80 858.76 372.15 247.50 15 354.50 Shiv.Global 14.00 14.45 14.30 14.85 13.85 30.36 28.75 11.45 ­ 14.60 Triv.Tur [1] 401.20 393.00 402.00 405.00 388.00 590.03 430.00 216.05 80 391.30 HangSengBees [1] 269.02 268.35 13.16 332.00 210.26 267.78
PoddarPigmen 349.35 346.90 349.35 359.00 342.00 12.05 390.00 243.70 13 346.95 ShivalikBimt 516.55 525.35 516.50 534.70 506.75 232.23 760.00 359.00 ­ ­ TrucapFin 60.05 58.30 60.00 61.00 56.35 2488.63 84.30 37.25 ­ ­ HDFC GOLD ETF 51.53 51.32 1828.90 54.59 43.40 ­
Pokarna Ltd [2] 490.25 508.60 486.10 510.55 481.15 133.92 595.80 233.75 ­ 507.95 ShivaMills 75.30 74.05 78.00 78.00 73.00 12.33 139.05 62.38 ­ 74.01 TT 89.20 96.10 89.95 97.90 89.95 22.73 109.90 64.75 ­ 95.44 HDFCAMC ­ HDFCBSE500 27.63 27.87 108.70 32.46 22.35 ­
Poly.Medi [5] 1339.50 1424.75 1340.00 1443.95 1339.60 593.21 1573.95 820.90 65 1426.00 ShivaTaxyarn 143.45 143.30 147.70 147.95 139.00 26.27 173.90 107.35 ­ 144.00 TTK Prst [1] 805.25 791.85 809.00 811.00 788.05 171.46 1051.00 652.10 43 791.25 HDFCAMC ­ HDFCGROWTH 100.79 100.01 2.39 104.00 83.30 ­
PolycabIndia 4942.40 5043.40 4951.00 5053.45 4849.45 802.56 5333.00 2451.10 ­ ­ ShivlkRasayn 722.30 741.40 732.90 746.35 720.00 13.43 980.00 619.95 ­ ­ TTKHealtcare 1175.90 1167.55 1179.90 1179.90 1163.00 8.87 1450.00 827.65 30 1165.30 HDFCAMC ­ HDFCLIQUID 1000.01 1000.01 50.04 1000.02 999.99 ­
Polyplex 1172.20 1186.65 1176.00 1197.55 1168.70 100.84 2203.55 1101.00 21 1186.55 Shop.Stop [5] 707.35 692.15 707.35 715.00 682.80 115.79 889.75 574.85 67 692.60 TTML 100.25 102.90 99.90 104.20 97.5512935.68 127.00 49.80 ­ 102.81 HDFCAMC ­ HDFCLOWVOL 152.88 153.75 0.41 179.47 124.05 ­
PonawalaFinC 377.00 374.85 378.00 385.20 367.90 2491.61 451.50 243.00 ­ ­ Shr.Ren.Sug [1] 51.60 52.50 51.85 53.15 50.1020546.77 68.70 39.50 ­ 52.48 TubeInvIndia 3365.60 3264.80 3355.00 3365.60 3134.15 410.28 3736.40 2375.00 ­ ­
Shre PushChe 196.60 202.30 196.60 205.00 194.00 88.54 275.00 141.00 75 202.95 HDFCAMC ­ HDFCMID150 150.95 151.28 42.85 168.00 110.75 ­
PondyOxides 463.50 468.85 470.00 470.00 450.00 27.50 521.30 262.10 ­ ­ TV Today [5] 220.75 225.45 221.70 228.05 218.00 151.13 315.00 170.00 20 225.65
Ponnie Sug 404.65 416.80 408.20 421.65 402.85 60.09 581.00 225.00 8 417.90 ShreDigvjCem 90.10 91.60 90.60 92.40 88.65 641.88 101.35 57.30 ­ ­ TV18 Br [2] 44.10 45.70 44.15 46.00 43.2015904.33 51.65 27.35 ­ 45.70 HDFCAMC ­ HDFCMOMENT 227.49 231.09 3.46 238.45 177.20 ­
Power Mech 4332.35 4292.65 4332.35 4340.00 4087.00 37.59 5062.25 1335.50 30 4294.85 ShreeCements 26035.10 26238.55 25902.00 26328.80 25850.00 40.31 27013.00 20165.80 59 26228.05 TVS Elec 357.80 362.65 357.80 363.95 352.40 75.08 448.00 239.90 112 361.65 HDFCAMC ­ HDFCNIFBAN 460.88 463.95 3.19 473.10 371.04 ­
PowerGrid 191.30 193.20 193.20 194.60 191.3010692.15 203.95 139.76 12 193.20 SHREEOSWALS 57.45 60.20 57.85 62.60 57.45 439.03 425.35 55.00 ­ ­ TVS HOLDINGS 5600.75 5549.10 5590.00 5590.00 5405.85 3.05 5920.00 3701.20 ­ ­ HDFCAMC ­ HDFCNIFIT 332.15 331.42 1.52 365.00 262.75 ­
Praj Ind [2] 555.35 565.80 558.80 577.55 545.45 2510.76 599.45 299.00 42 566.15 Shrenik 1.05 1.10 1.10 1.15 1.05 2866.93 2.30 0.85 ­ ­ TVS Mot [1] 1471.70 1454.40 1466.00 1475.55 1439.20 801.35 1499.00 968.00 42 1453.05 HDFCAMC ­ HDFCNIFTY 218.12 219.16 31.78 224.10 176.01 ­
Prajay 13.90 14.10 14.40 14.55 13.65 78.83 18.85 9.80 ­ 14.31 Shreyas 351.95 363.20 350.40 371.00 348.55 130.82 399.00 212.20 6 362.30 TVS Sri 2971.90 2978.05 2969.35 3072.50 2925.30 9.86 3700.00 2370.00 25 2982.10 HDFCAMC ­ HDFCPVTBAN 233.58 239.15 0.85 244.00 197.00 ­
PrakashPipes 262.40 263.20 260.00 266.20 253.00 144.69 297.65 134.20 ­ ­ ShriramFin 1911.15 1910.35 1902.05 1920.00 1877.20 1303.58 1971.80 1146.00 ­ ­ TvsSuplyChan 229.05 221.35 230.85 232.85 217.95 2810.59 258.00 193.80 ­ ­ HDFCAMC ­ HDFCQUAL 44.62 46.02 3.95 46.95 36.53 ­
Praksh.Ind 121.25 130.10 122.00 131.00 118.40 1920.15 139.40 47.35 10 130.15 ShriramPropr 82.10 87.05 82.90 87.90 80.50 5202.36 98.40 53.00 ­ ­ HDFCAMC ­ HDFCSENSEX 735.97 739.92 3.88 784.00 610.11 ­
PrataapSna [5] 912.65 891.20 920.00 920.00 885.35 12.76 1010.00 662.00 48 893.00 ShyamCent [1]
ShyamMetalic
19.90
437.90
20.10
441.90
20.25
435.50
20.60
447.90
19.55 371.84
429.80 3501.82
27.25
494.35
15.42 20 20.17
254.55 ­ ­
U ............................................... HDFCAMC ­ HDFCSILVER 70.26 70.03 236.97 77.15 53.80 ­
PrecisionCam 264.60 273.90 260.00 279.45 256.25 256.79 319.00 88.41 38 274.00 UB [1] 1609.35 1601.10 1614.80 1639.85 1595.15 188.56 1805.00 1342.25 144 1600.05 HDFCAMC ­ HDFCSML250 120.47 121.63 200.85 127.35 85.00 ­
Precot 219.95 229.90 225.90 231.00 220.35 13.54 287.65 128.10 ­ ­ Siemens [2] 3839.90 3828.65 3854.80 3854.80 3800.20 141.14 4066.10 2670.35 77 3827.50 Uco Bk 33.65 35.55 33.85 35.70 32.7033188.30 38.15 11.46 22 35.54 HDFCAMC ­ HDFCVALUE 106.25 106.78 4.28 107.00 82.04 ­
Precsn.Pipe 223.10 229.10 229.00 231.95 223.20 14.90 282.80 147.85 137 228.65 SigachiIndus 372.25 368.30 374.80 379.50 366.35 473.67 401.85 219.80 ­ ­ UdaipurCemen 31.35 31.65 31.45 32.20 30.65 1258.11 38.45 23.45 ­ ­ HDFCAMC­HDFCNEXT50 457.81 455.68 1.85 522.32 367.55 ­
Precsn.Wre [1] 105.25 105.65 102.00 107.10 100.70 1015.75 116.85 53.33 32 105.35 SIGMA SOLVE 416.20 437.00 433.95 437.00 416.00 12.09 502.70 297.25 ­ ­ UdayshvInfra 34.20 37.10 34.50 37.50 34.50 944.25 44.30 27.30 ­ ­
SikkoIndust 61.35 60.30 61.45 62.05 59.35 23.57 172.95 42.35 ­ ­ HDFCAMC­HDFCNIF100 197.20 201.24 1.38 220.70 167.90 ­
Prestige Est 607.45 619.50 610.50 623.40 598.05 1065.92 690.00 391.30 93 618.70 Uflex 438.75 450.40 441.95 454.35 436.20 148.90 799.00 325.20 14 451.00
SilvrTuchTec 456.10 546.85 456.90 547.30 455.15 281.42 547.30 310.50 ­ ­ IBULLSAMC ­ IBMFNIFTY 202.18 200.65 0.94 210.00 171.03 ­
Pricol [1] 306.50 315.90 306.00 318.00 299.70 523.98 346.00 155.70 33 315.15 Ugar Sug [1] 105.30 107.90 105.40 108.50 103.95 353.67 135.65 57.80 14 107.95
Prime Foc [1] 82.75 80.95 85.70 85.70 80.70 167.98 130.95 64.75 ­ 80.80 SimbholiSug 27.10 27.20 28.00 28.10 25.60 304.12 34.75 18.10 ­ 27.12 ICICIPRAMC ­ ICICI10GS 217.25 217.50 0.00 218.50 206.42 ­
UgroCapital 289.55 294.55 292.00 297.95 282.05 291.13 319.15 131.25 ­ ­ ICICIPRAMC ­ ICICI500 29.34 29.42 65.73 29.93 23.71 ­
Prime.Sec [5] 151.55 149.55 150.00 153.95 142.70 196.96 164.90 92.00 94 150.15 SintercomInd 126.80 128.85 125.15 130.00 125.00 39.87 139.50 79.20 ­ ­ UjivanFinSer 498.95 516.15 503.95 519.85 486.00 612.54 533.05 199.15 53 517.00
PrincPipeFit 743.35 751.60 743.00 760.00 736.35 255.86 760.00 510.00 ­ ­ SircPaintInd 398.25 399.75 398.25 408.70 390.00 108.43 800.90 297.00 ­ ­ ICICIPRAMC ­ ICICIALPLV 202.50 202.92 5.96 204.64 161.01 ­
UjjivanSFB 48.45 49.55 48.50 49.80 47.5011116.50 53.10 21.20 ­ ­
PrismJohnson 130.80 132.70 131.40 135.40 130.00 361.88 144.50 98.05 ­ 132.85 Siyaram [2] 570.55 575.25 571.85 583.20 564.90 128.48 612.15 400.00 12 575.65 UltraTech 8571.65 8636.35 8590.00 8685.00 8525.50 321.02 8685.25 6005.00 49 8634.40 ICICIPRAMC ­ ICICIAUTO 163.18 162.76 7.08 167.00 120.40 ­
Prit.Nandi 37.05 38.10 37.40 38.80 36.75 72.23 58.00 29.19 ­ 38.00 SJSEnterpris 689.80 682.80 690.00 702.95 672.55 171.85 728.40 377.65 ­ ­ UmangDair [5] 67.25 69.75 67.85 71.35 67.25 32.05 83.00 49.51 ­ 69.46 ICICIPRAMC ­ ICICIBANKP 235.03 236.36 12.06 237.50 191.60 ­
PritiIntnatl 173.45 173.45 175.90 175.90 170.50 23.94 234.90 127.05 ­ ­ SJVN 70.35 75.90 70.40 76.90 70.00 129170.39 83.18 29.90 28 75.89 Unichm Lab [2] 406.25 403.95 401.15 413.45 395.00 44.54 467.00 265.00 ­ 404.35 ICICIPRAMC ­ ICICICOMMO 65.31 65.75 26.45 71.99 53.75 ­
PriviSpecial 1219.20 1225.20 1200.00 1236.85 1190.00 22.28 1745.00 871.05 ­ ­ SKF India 5273.50 5190.75 5280.00 5335.45 5164.05 44.26 5528.90 3961.00 47 5196.45 Union Bk 87.60 90.50 88.50 91.20 86.7031757.88 96.75 41.90 7 90.51 ICICIPRAMC ­ ICICIFMCG 537.31 537.15 8.53 561.94 421.00 ­
ProzonRealty 28.30 28.20 28.50 28.95 27.65 764.29 39.65 20.70 ­ ­ Skipper [1] 214.05 222.30 214.00 226.45 208.95 959.04 254.90 65.50 49 221.95 UnipartsInd 585.60 587.30 585.60 598.00 580.00 130.76 722.65 501.15 ­ ­ ICICIPRAMC ­ ICICIM150 153.72 153.89 44.42 159.32 112.27 ­
PrudentCorp 1100.25 1129.70 1111.00 1133.15 1087.65 18.77 1262.95 583.85 ­ ­ SKM Egg 438.75 444.15 430.00 453.95 416.85 662.47 559.40 93.05 11 445.65 Uniph.Ent [2] 163.40 165.30 163.40 168.45 160.80 11.77 184.00 113.00 30 166.55 ICICIPRAMC ­ ICICIPHARM 98.50 98.61 33.72 100.00 73.81 ­
PSPProjects 799.20 797.00 796.50 807.40 786.00 42.50 846.00 560.20 20 796.05 Smartlink [2] 168.40 171.25 170.10 174.00 166.90 11.65 191.95 120.55 94 171.40 United Nil 310.85 313.60 306.20 317.75 301.00 4.26 370.00 256.00 ­ ­ ICICIPRAMC ­ ICICIQTY30 165.28 165.06 0.07 166.15 156.80 ­
PTC 145.25 146.65 146.00 147.90 142.20 2673.36 158.70 67.75 13 146.70 SMCGloblSecu 79.70 79.00 80.00 80.00 78.10 83.77 90.80 68.60 ­ ­
United Spr [2] 1037.70 1029.40 1036.95 1059.05 1022.50 769.16 1072.65 730.90 78 1029.10 ICICIPRAMC ­ ICICITECH 34.54 34.53 963.46 34.88 27.11 ­
PTC Ind Fin 27.75 28.50 27.55 28.75 27.20 4160.67 31.40 12.15 11 28.53 SML Isuzu 1191.15 1179.80 1191.15 1230.00 1154.40 31.36 1400.00 620.20 35 1178.85
UnitedDrilng 237.45 249.80 237.90 253.45 233.80 60.95 382.40 168.35 ­ ­ ICICIPRAMC ­ IPRU5008 45.95 46.32 1885.62 47.55 37.51 ­
PTCInd 5632.15 5646.55 5747.00 5747.00 5550.00 5.30 6342.35 2950.00 ­ ­ SMS Phr [1] 122.85 123.15 124.15 124.30 120.10 62.76 139.75 54.50 45 123.70
Univ.Cab 484.95 475.75 487.95 491.95 470.05 69.36 547.85 197.55 29 476.05 ICICIPRAMC ­ PSUBANKICI 47.60 49.62 155.76 49.85 35.34 ­
PTL Ent [1] 37.65 37.55 37.65 38.65 36.75 409.87 42.24 29.15 25 37.38 SnowmanLogi 51.05 52.45 51.50 53.40 50.00 2183.99 57.79 30.25 ­ 52.45
UnoMinda 605.35 618.65 606.95 625.20 601.70 364.34 660.90 435.00 ­ ­ ICICIPRAMC­BARATWIN 73.84 74.38 419.78 76.00 49.00 ­
PudumjePap [1] 47.75 53.15 47.85 54.00 47.60 1475.76 56.26 34.00 10 53.15 Sobha 646.70 698.75 642.00 702.95 642.00 1893.65 726.10 412.40 65 698.60
UPL [2] 604.50 608.30 605.00 610.80 603.60 1430.45 807.00 577.00 60 608.30 ICICIPRAMC­ICICI5GSEC 53.50 53.48 0.62 62.95 49.40 ­
Pun.Natl.Bk [2] 66.85 72.55 66.80 73.10 66.30 196952.75 73.15 34.25 23 72.54 SofttecEngrs 157.65 163.30 156.95 165.50 150.90 34.92 193.65 121.55 ­ ­
UrjaGlobal [1] 9.85 9.85 9.85 10.05 9.75 6014.98 12.88 6.00 ­ 9.85
Punj.Chem 1076.50 1152.80 1076.50 1175.00 1076.50 61.25 1390.00 722.10 23 1157.30 Solar Ind [2] 4522.05 4530.75 4522.00 4614.25 4378.05 43.46 4999.00 3420.95 82 4520.15 ICICIPRAMC­ICICICONSU 86.23 86.69 16.37 100.00 71.00 ­
Usha Mar [1] 357.10 343.95 351.35 359.70 340.85 936.08 373.60 115.10 44 344.05
Puravankra [5] 107.65 108.90 108.40 110.70 105.50 423.78 120.45 59.35 105 109.25 SolarActPhSc 356.75 368.80 356.50 371.00 356.50 210.01 495.00 322.90 ­ ­ ICICIPRAMC­ICICIFIN 20.20 20.19 42.52 21.18 15.21 ­
UTIAMC 794.80 781.75 789.00 815.00 775.40 205.75 908.00 608.00 ­ ­
PVRInox 1769.75 1779.10 1771.00 1802.05 1768.05 571.75 1975.50 1336.40 ­ ­ Som Dist [5] 314.65 319.15 314.55 323.50 314.55 303.30 360.50 94.15 81 319.50 ICICIPRAMC­ICICIINFRA 63.41 63.69 3.45 64.98 49.01 ­
UtkarshSFB 47.60 49.60 47.90 50.45 46.65 9240.08 56.30 37.20 ­ ­
PYRAMID TEC 169.60 176.20 169.95 177.95 165.50 296.94 188.25 165.50 ­ ­ Somany [2] 724.45 715.25 724.45 741.10 712.30 44.36 818.00 445.40 33 715.25 ICICIPRAMC­ICICILIQ 999.99 1000.01 752.10 1200.00 990.00 ­
Utm.Sug 396.30 412.30 397.45 414.20 392.05 176.70 444.15 216.00 13 412.40
SonaBLWPrecn 583.65 571.60 584.00 586.50 566.05 1863.05 625.95 398.05 ­ ­ ICICIPRAMC­ICICIMOM30 22.98 23.04 68.32 23.88 17.85 ­
Q ............................................... SonamClock
Sonata [1]
58.95
1091.95
58.50
1095.20
61.60
1090.00
61.60
1109.40
57.85 14.51
1065.00 309.64
64.20
1147.40
33.50 ­
487.50 114 1096.20
­
V ............................................... ICICIPRAMC­ICICINXT50 47.12 47.16 64.94 52.60 37.10 ­
Quess Corp 426.10 429.05 429.10 439.95 422.65 453.68 673.00 337.45 58 427.50 V Mart 2167.95 2145.45 2170.00 2178.45 2123.00 20.81 3161.95 1947.60 ­ 2144.00 ICICIPRAMC­ICICISIL 73.01 72.69 385.19 79.41 55.81 ­
South In Bk [1] 22.85 23.50 23.00 23.60 22.2549355.68 25.35 8.45 6 23.40
QuickHealTec 216.90 220.30 217.40 222.00 211.30 148.35 229.20 127.35 ­ 220.70 VA T Wab [2] 462.75 457.75 463.00 467.75 453.90 372.49 544.80 250.05 10 457.65 ICICIPRNIFLWVL30ETF 51.43 51.30 163.15 55.10 40.10 ­
SpacenetEnt 22.65 21.65 22.20 23.00 21.55 889.78 25.40 15.35 ­ ­
SpandnaSphor 761.50 762.90 741.00 781.50 739.05 156.49 863.90 470.00 ­ ­ Vadilal 2536.70 2537.15 2550.00 2580.00 2467.70 11.49 3298.00 1800.00 21 2547.05 ICICIPRNIFLWVL30ETF 121.61 121.01 27.43 126.00 88.77 ­
R ............................................... SPApparels 513.35 535.10 527.85 539.40 503.85 34.48 615.05 273.00 16 534.20 Vaibhav [2] 414.35 430.25 415.75 432.55 409.10 258.98 469.00 268.60 70 429.80 ICICIPRUDENTIALNV20ETF 114.98 115.45 22.17 118.45 81.00 ­
R Sys Intl [1] 479.30 485.00 476.35 489.95 459.00 113.20 544.00 217.65 35 485.00 Spec.Rest 208.00 206.05 206.10 212.40 205.10 63.69 282.60 168.00 12 206.05 VaishaliPhar 123.20 124.95 127.75 128.00 122.75 21.03 193.75 91.05 ­ ­ ICICIPRUDNIFTY100ETF 218.19 219.02 16.09 225.40 178.11 ­
RaceEcoChain 261.70 255.65 261.00 261.95 251.50 48.19 308.00 232.50 ­ ­ SpencersRetl 65.65 70.45 65.75 71.90 65.75 696.46 83.40 51.45 ­ ­ Vakrang [1] 16.80 17.05 17.00 17.35 16.5012900.78 39.85 12.83 ­ 17.04 ICICIPRUDNIFTYETF 219.09 220.10 140.71 223.90 166.40 ­
Radiant Cash 92.75 93.45 92.50 94.55 91.50 566.28 116.80 87.25 ­ ­ SPIC 71.00 72.85 71.35 73.00 69.75 1172.95 91.90 51.45 6 72.91 ValiantOrgan 488.80 498.35 489.70 502.25 481.70 90.52 868.95 355.00 ­ ­ ICICIPRUDSENSEXETF 746.66 749.30 0.84 751.80 614.30 ­
Radico [2] 1212.90 1210.20 1205.00 1227.25 1200.10 103.69 1478.45 910.00 77 1209.50 SPL Ind 64.45 65.20 65.40 65.75 64.05 38.15 86.00 53.70 9 65.22 Vard Text [2] 376.30 385.80 379.90 389.00 365.00 366.56 417.60 270.00 20 386.15 IDFCAMC­IDFNIFTYET 214.40 214.54 1.02 234.00 178.30 ­
RadikaJwlTec 35.60 35.70 35.75 36.35 35.05 200.11 290.45 31.00 ­ ­ SportkingInd 788.35 806.85 790.05 809.00 780.05 12.98 948.15 638.00 ­ ­ Vard.Acry 56.95 55.95 56.95 57.60 54.60 84.01 359.40 184.40 ­ 223.20 Infra BeEs 645.43 649.28 5.20 2142.00 1756.10 2142.00
RagegainTrvl 553.60 556.70 553.00 567.40 540.10 402.60 641.60 252.60 ­ ­ Sr.Leathrs 225.00 244.95 228.90 248.90 227.05 60.74 265.00 159.10 21 245.40 Vard.Hld 3113.00 3057.90 3159.50 3187.15 3048.55 0.93 3883.30 2411.00 123 3066.35 InvesIndGold [100] 5211.65 5223.95 0.03 5591.00 4385.20 5210.00
RailTelCorp 223.55 224.50 220.00 228.55 205.5514044.87 255.40 96.25 ­ ­ Sr.Ray.HHP 606.75 615.35 610.00 620.50 588.70 33.72 950.80 375.00 7 614.55 Vard.SPC 208.05 209.70 208.05 212.00 203.60 62.95 233.85 115.48 19 209.25
InvesInNifty 2215.55 2227.55 0.01 2278.00 1844.00 ­
RailVikasNgm 169.85 166.70 166.70 175.60 158.20 123372.89 199.25 32.85 ­ ­ SRF 2374.15 2395.65 2365.00 2402.85 2360.30 149.60 2864.35 2050.00 38 2393.60 VarrocEngg 413.35 433.55 415.00 437.70 405.05 631.58 468.00 239.45 ­ ­
Rain Ind [2] 168.20 170.30 167.20 171.80 166.10 1976.13 191.45 142.30 86 170.25 VarunBevera [5] 919.95 913.30 919.95 923.45 903.05 1148.03 941.60 481.68 75 912.35 Kotak Nifty [5] 214.02 214.98 26.54 2063.00 1644.20 1824.05
SRGHousgFin 246.95 247.25 265.00 265.00 241.10 7.61 285.00 230.00 ­ ­
RainbowChild 1019.15 1016.85 1029.05 1029.05 1010.00 253.85 1184.60 598.10 ­ ­ Vascon 52.30 55.55 51.95 56.00 50.50 1824.82 65.57 23.83 14 55.62 Kotak PSU Bk 465.33 490.68 45.31 493.82 283.11 492.53
Star Pap 216.15 223.05 216.50 223.90 215.50 155.92 236.05 143.30 4 223.00
Raj.Exp [1] 508.95 506.95 508.00 514.45 502.30 482.74 1028.40 482.50 263 507.15 StarCement [1] 159.60 156.05 161.90 163.35 154.60 1396.11 169.95 95.15 36 156.25 Vaswani 26.00 27.05 26.65 27.90 25.00 231.07 30.68 15.20 12 27.04 KOTAKMAMC ­ KOTAKIT 34.23 34.28 73.47 34.80 26.95 ­
RajratanGlbl 773.75 758.40 773.75 780.10 750.00 45.41 1350.00 697.00 ­ ­ StarHealth 644.20 632.50 644.80 651.00 626.00 212.96 774.00 481.55 ­ ­ VaxtexCotfab 2.00 1.90 2.05 2.05 1.90 2344.25 16.10 1.90 ­ ­ KOTAKMAMC ­ KOTAKLIQ 999.99 999.99 0.01 1004.00 999.00 ­
RajsrePolypk 158.65 158.90 160.65 162.70 155.00 26.10 219.90 139.00 ­ ­ STC India 119.00 122.20 120.20 123.60 114.25 644.51 143.25 62.05 24 121.75 Vedanta [1] 231.80 233.30 231.80 234.30 231.00 6192.85 340.75 230.15 4 233.40 KOTAKMAMC ­ KTAKMID50 114.76 115.79 30.56 130.00 81.20 ­
Rallis [1] 223.05 229.40 223.10 230.00 220.70 397.42 270.50 186.50 51 229.50 Steel Strp [1] 251.25 259.80 256.80 260.00 251.35 507.92 289.75 126.20 21 259.80 VedantFashn 1289.35 1285.30 1287.90 1297.15 1248.00 157.50 1501.55 1058.05 ­ ­ KOTAKMAMC ­ KTAKSILVE 71.00 70.81 156.60 81.00 58.00 ­
Rama News 14.95 15.65 14.85 15.80 14.55 221.66 18.50 10.30 ­ 15.54 Steelcast 709.85 693.45 726.45 726.45 683.80 62.81 747.00 421.60 ­ ­ Venky's 1970.15 1980.60 1970.00 1985.95 1969.75 21.25 2312.95 1420.10 69 1979.45 KOTAKMAMC­KOTAKALP 34.30 34.42 500.38 36.00 24.19 ­
Rama Steel [1] 36.60 36.95 36.80 37.45 35.70 6267.38 46.10 19.02 ­ 36.92 SteelCitySec 63.10 63.50 63.10 64.65 62.00 17.37 75.00 52.65 ­ ­ VensPipe&Tub 1515.00 1536.80 1519.60 1559.00 1519.60 183.24 1578.90 450.10 ­ ­ KOTAKMAMC­KOTAKCONS 85.00 85.43 0.04 95.00 69.42 ­
RamaPhosphat 241.60 247.45 240.05 250.00 240.00 44.63 351.50 169.80 ­ ­ SteelExIndia 10.15 10.65 10.55 11.25 10.4025121.29 17.25 9.55 ­ ­ VerandaLearn 195.80 194.25 197.05 200.45 192.20 100.13 380.00 159.70 ­ ­ KOTAKMAMC­KTAKLOVOL 15.60 15.56 981.06 17.70 12.50 ­
Ramco Cem [1] 899.10 897.15 899.10 905.85 888.75 104.85 953.00 634.65 68 896.90 Ster.Tool [2] 367.05 371.15 369.90 374.95 358.80 103.12 456.75 200.65 35 371.55 Vesuvius 3128.85 3092.80 3135.00 3182.25 3035.10 19.37 3725.00 1406.40 39 3094.40 KOTAKMAMC­KOTAKMNC 22.86 22.39 31.33 24.51 18.62 ­
Ramco Ind [1] 182.50 181.80 184.30 187.10 181.05 99.09 219.25 117.50 20 182.00 SterliteTech 162.65 164.85 163.10 166.35 158.40 2413.49 193.00 142.00 ­ ­ Veto Switch 123.05 128.45 122.10 129.10 121.10 219.58 146.90 71.40 10 128.50 KOTAKMAMC­KOTKBKETF 464.10 467.89 35.34 475.98 380.31 ­
Ramco Sys 272.00 276.05 272.00 277.40 268.80 62.88 307.95 188.50 ­ 276.50 StoveKraft 527.05 527.85 525.20 534.05 518.10 80.59 740.00 353.10 ­ ­ V­Guard [1] 306.15 311.60 306.15 316.05 303.40 263.96 335.35 229.40 76 311.60 Kotal Gold [1] 50.24 50.09 137.79 52.99 42.31 50.18
Ramk.Forg [2] 656.20 691.85 660.00 698.00 620.05 976.84 752.80 175.50 42 691.80 Str.Arcolab 457.05 465.75 460.00 472.00 453.10 285.81 490.00 268.40 48 466.00 VidhiSpclIng [1] 408.20 420.00 409.85 421.95 400.00 44.35 465.00 317.15 60 419.15
Ramky Inf 532.50 525.35 532.50 536.80 513.00 165.44 574.60 184.20 13 525.35 VijayaDianos 474.25 474.90 472.05 482.90 467.40 261.28 529.00 349.25 ­ ­ KOTKMAMCKTNV20ETF 117.22 117.56 5.40 117.95 92.80 ­
StylamIndust 1750.60 1797.50 1750.60 1888.55 1736.60 107.35 1970.70 945.00 ­ ­
RamRatnaWire 298.30 294.65 298.30 304.90 289.85 108.71 511.85 148.05 ­ ­ Vikas EcoTec [1] 4.15 4.05 4.15 4.20 3.7554928.94 5.09 2.38 ­ 4.03 LIC MF ­C GOLD ETF 5395.65 5360.00 0.17 5799.90 4471.50 ­
StyrenPerfor 1039.35 1064.60 1039.35 1070.00 1020.05 14.76 1229.00 696.10 ­ ­
Rana Sug 26.20 26.85 26.30 27.50 25.75 2750.58 32.00 19.40 6 26.70 Subex 33.85 34.65 33.15 34.90 33.05 7063.20 39.20 25.00 ­ ­ VikasLifecre 5.80 5.25 5.80 5.85 5.25121186.03 7.05 2.70 ­ ­ LICNAMC­LICNFENGP 216.78 217.50 0.74 219.35 179.50 217.31
Rane (M) 776.70 845.95 789.00 873.90 758.10 684.80 873.90 340.10 15 849.10 Subros [2] 397.85 399.95 393.50 403.85 390.70 70.66 521.40 272.00 52 401.90 Vimta Lab [2] 553.50 563.50 561.00 572.35 535.40 84.78 621.40 288.90 27 565.30 LICNAMC­LICNFESGP 738.64 721.65 0.21 800.00 610.25 ­
Rane Brk 783.70 799.50 787.45 810.00 777.30 27.88 915.90 585.00 19 802.65 Sud.Chem [2] 494.35 498.65 496.80 503.75 493.50 76.77 565.90 345.00 73 498.00 Vinati Org [1] 1901.25 1894.75 1895.50 1909.95 1860.00 30.10 2368.00 1693.05 44 1895.65 LICNAMC­LICNFNHGP 207.49 214.09 2.51 215.77 178.01 ­
Rane Hld 1093.50 1129.10 1075.30 1160.00 1069.90 42.83 1207.00 776.15 36 1134.55 SukjiStr&Che 412.40 413.15 412.00 422.30 400.05 15.86 483.95 360.30 ­ ­ Vindh.Tel 2401.15 2516.55 2394.00 2548.50 2389.40 35.25 2720.00 1221.85 17 2519.95 LICNAMC­LICNMFET 23.95 23.94 2.42 27.11 21.91 ­
RatanindiaEn 56.25 58.60 56.85 59.85 56.10 6190.27 68.70 32.15 ­ ­ SulaVineyard 476.70 472.50 482.95 482.95 470.00 207.46 535.00 305.35 ­ ­ VineetLabs 49.65 50.10 50.50 51.85 48.65 45.49 74.75 38.35 ­ ­ Liquid BeEs [1000] 1000.00 999.99 2901.71 1004.70 988.25 999.99
Ratnamani [2] 2740.60 2674.20 2731.10 2747.50 2656.60 11.27 2800.00 1830.10 33 2670.90 Sumit.Sec 933.40 959.90 942.75 978.90 929.95 28.02 1049.85 517.90 58 958.15 Vinyl Chm [1] 458.30 455.85 455.00 467.00 451.00 42.09 952.10 314.65 30 456.10 MIRAEAMC ­ BANKETF 454.02 459.66 1.35 553.25 437.27 ­
RattanIndPow 6.80 6.50 6.50 6.70 6.50 158626.39 7.49 2.82 ­ 6.48 SumitomoChem 429.75 425.60 433.95 435.00 418.00 245.59 540.80 382.00 ­ ­ VIP Ind [2] 651.65 662.25 652.00 664.95 639.00 979.13 764.35 548.85 90 662.50 MIRAEAMC ­QUID 999.99 999.99 29.82 1000.01 999.94 ­
Raymond 1986.85 1987.55 1986.80 1999.95 1883.25 458.74 2240.00 984.00 27 1988.20 Sun Pharma [1] 1145.25 1148.75 1149.00 1156.70 1142.30 2115.52 1169.90 856.85 66 1148.00 Vipul Ltd [1] 14.65 14.25 14.75 15.35 14.00 151.61 18.90 10.11 ­ 14.32 MIRAEAMC ­ MAESGETF 32.64 32.71 105.36 35.00 27.46 ­
RBL Bank 217.80 227.75 218.25 228.20 218.25 9839.10 251.20 108.50 14 227.75 Sun Phr Adv [1] 239.20 246.00 239.75 246.95 236.55 461.71 265.75 160.50 ­ 246.20 Visagar [1] 1.05 1.00 1.10 1.10 1.00 1233.93 1.55 0.68 ­ 1.05 MIRAEAMC ­ MAFANG 64.52 64.00 358.68 68.29 33.90 ­
RCF 123.35 125.70 124.20 126.90 120.60 6136.08 144.80 89.50 11 125.70 Sun TV [5] 599.50 602.70 599.50 606.00 593.40 599.93 628.15 394.00 14 602.55 Visak.Ind [2] 87.75 88.55 87.00 89.00 85.95 289.99 132.80 64.88 25 88.54 MIRAEAMC ­ MAFSETF 20.60 20.68 359.50 21.30 16.90 ­
RECL 248.35 244.40 248.00 253.05 239.9031677.74 284.50 91.00 6 244.40 Sund.Fast [1] 1277.25 1251.70 1275.50 1279.80 1239.10 56.55 1334.15 845.00 59 1256.45 Visesh.Inf [1] 0.55 0.55 0.50 0.55 0.5013591.26 0.90 0.39 ­ 0.52
Redington [2] 160.60 158.90 158.65 159.50 153.60 2913.45 202.20 135.00 11 158.90 MIRAEAMC ­ MAGOLDETF 59.40 58.45 12.01 69.80 47.60 ­
Sund.Fin 2756.75 2789.65 2756.75 2845.00 2701.55 102.87 2980.00 2127.50 27 2787.95 VishalFabric 18.45 18.50 18.60 18.90 18.15 256.78 28.40 14.20 ­ ­
Redtape 427.40 421.75 425.00 433.45 415.25 137.18 482.50 411.05 ­ ­ Vishnu Che [2] 339.10 343.15 339.95 346.80 329.20 160.38 417.35 245.05 16 343.25 MIRAEAMC ­ MAGS813ETF 24.60 25.10 55.02 29.00 19.33 ­
Sund.Multi [1] 3.15 3.10 3.20 3.25 3.00 1411.16 3.46 1.97 ­ 3.07
Refex Ref 654.30 647.25 656.55 666.90 629.00 69.12 923.95 141.65 12 648.60 SundarFinHol 118.50 118.85 120.20 120.20 116.15 148.62 134.00 74.00 ­ ­ VISHNU PRAKAS 152.70 166.50 154.00 168.50 150.65 4236.26 175.85 144.00 ­ ­ MIRAEAMC ­ MAM150ETF 15.15 15.18 12657.40 16.10 10.75 ­
Rel.Ind.Inf 965.60 963.90 966.70 984.00 956.65 302.91 1257.70 723.00 156 963.15 Sunflag 199.20 199.70 200.00 205.10 195.05 465.56 248.95 79.00 16 199.95 VishwarajSug 17.95 18.35 18.10 18.70 17.70 1856.33 22.30 13.10 ­ ­ MIRAEAMC ­ MAMFGETF 100.02 100.05 6.16 105.05 67.32 ­
Relaxo [1] 912.50 912.50 913.70 918.45 900.00 74.89 1105.25 748.50 132 912.25 Sunteck [1] 387.80 394.55 386.05 397.00 381.00 477.17 479.65 271.25 ­ 394.85 VLEGov&ITSol 36.95 36.35 37.05 37.10 36.20 254.74 43.40 35.50 ­ ­ MIRAEAMC ­ MAN50ETF 210.84 211.24 9.08 218.90 174.60 ­
RelChemoInd 193.70 193.00 190.80 200.30 186.85 24.72 217.90 129.00 ­ ­ Super Spn [1] 8.15 8.10 8.35 8.40 8.05 61.74 12.32 5.30 ­ 8.15 VLS Fin 196.35 200.60 196.00 204.90 194.00 81.48 232.95 115.00 4 200.15 MIRAEAMC ­ MANV30F 153.56 153.83 0.77 170.00 120.00 ­
Reliance 2438.85 2451.05 2440.00 2462.65 2426.25 6401.67 2632.00 1979.13 43 2452.75 Superhouse 215.65 218.45 211.30 224.00 211.30 14.37 286.05 184.70 14 219.30 Voltamp 4692.50 4980.20 4750.00 4995.00 4687.15 71.40 5964.20 2352.00 22 4981.90 MIRAEAMC ­ MANXT50 459.71 462.23 1.87 471.89 353.99 ­
Religare 245.25 254.90 246.85 257.35 237.20 2932.10 259.45 130.00 ­ 255.60 Supr.Ind [2] 4582.25 4415.05 4570.00 4570.00 4330.85 319.24 4705.25 1905.75 70 4423.00 Voltas [1] 875.35 887.45 875.35 890.65 869.25 640.85 982.00 737.60 55 887.90 MIRAEAMC ­ MASILVER 71.28 71.10 2.56 77.83 67.01 ­
RenaisncGlob 105.55 108.10 107.15 109.50 105.00 171.81 130.50 80.40 ­ ­ Suprajit [1] 410.05 418.70 409.10 421.00 400.60 150.86 446.75 315.25 29 418.55 VRL Logistic 722.10 725.75 715.20 738.75 700.00 119.57 772.85 483.00 39 724.20 MIRAEAMC­MAHKTECH 14.56 14.60 294.28 16.96 10.00 ­
Repco Home 374.60 376.30 375.95 383.95 362.05 131.50 416.15 168.50 7 375.90 SupremePetro 455.60 470.25 452.00 474.00 452.00 110.16 800.00 345.30 ­ ­ VST Ind 3513.40 3507.90 3515.00 3525.70 3485.10 3.27 3865.40 2912.55 17 3506.35 MIRAEAMC­MASPTOP50 33.22 33.13 89.65 34.00 24.51 ­
Repro 766.75 805.05 766.95 805.05 736.90 19.70 890.00 338.00 129 805.70 SupryaLifeSc 279.45 296.85 279.40 298.80 273.10 648.45 360.45 170.15 ­ ­ VST Til 3504.10 3573.55 3554.80 3599.50 3444.10 12.27 3999.95 2046.55 27 3577.30 MOTIAMC­MOHEALTH 28.55 28.84 13.66 30.99 21.11 ­
Resp.Ind [1] 312.30 322.30 314.95 325.00 308.25 333.73 340.00 101.00 ­ 322.60 Surana Tel [1] 10.85 11.10 10.65 11.20 10.50 175.11 13.40 7.65 ­ 10.94 MOTIAMC­MOLOWVOL 28.83 28.90 1.81 32.84 21.01 ­
RestBrndAsia
RHIMagnesInd
116.15
724.95
119.00
743.60
117.35
724.90
130.85
745.75
115.3012900.71
711.00 294.23
133.80
892.90
84.50
570.55
­
­
­
­
SuratwalaBus 338.90 329.95 327.90 342.05 325.00 140.55 342.80 164.90 ­ ­ W............................................... MOTIAMC­MOMOMEN 45.73 45.45 18.12 47.10 35.53 ­
Surya Rosh 1006.40 1026.50 999.00 1035.00 986.60 115.87 1154.90 400.85 15 1026.95 Waterbase 82.50 82.85 82.45 85.00 81.15 101.73 94.50 56.10 ­ ­
Rico Auto [1] 81.65 82.85 82.00 83.95 79.70 1007.77 111.55 52.15 26 82.70 MOTIAMC­MONQ50 53.23 53.55 10.80 57.60 45.00 ­
Suryalaxmi 67.30 68.85 67.95 70.40 67.45 51.58 75.45 44.15 11 68.03 Webel SL 141.50 148.55 143.00 148.55 136.25 806.18 148.70 62.30 ­ 148.70
RISHABH INST 446.90 440.70 445.95 446.40 438.10 569.91 470.00 432.35 ­ ­ SuryodaySFB 155.20 153.45 155.20 159.60 150.70 894.05 194.55 90.50 ­ ­ MOTILALAMC ­ G5 52.62 52.68 23.97 58.90 48.85 ­
Wels.Corp [5] 357.70 361.70 358.20 366.60 351.95 1582.23 392.40 177.85 17 361.90 MOTILALAMC­MOQUALITY 138.59 139.54 10.31 142.00 101.02 ­
Rites 513.20 524.40 520.00 537.95 503.00 3987.04 583.45 281.85 25 525.30 Sutlej Te [1] 54.10 55.15 53.55 55.90 52.60 259.18 77.55 38.25 ­ 55.16 Wels.India [1] 117.05 120.75 117.85 121.65 112.60 2896.38 129.40 62.20 42 120.80
RKECProjects 66.30 67.85 66.95 69.30 65.10 82.39 81.80 41.00 ­ ­ Suven Lif [1] 72.60 77.95 72.45 82.20 70.10 9842.96 82.21 45.01 ­ 78.05 MOTILALAMC­MOVALUE 62.05 63.02 6.37 74.00 38.70 ­
Welspun Ent. 266.50 264.05 270.35 272.40 260.00 291.58 319.40 117.35 14 263.75
RobustHotels 108.10 106.30 110.00 110.00 105.05 29.27 124.00 90.00 ­ ­ SuvenPharma 513.45 518.35 513.40 556.00 511.00 4536.55 556.00 390.50 ­ ­ Wendt 13814.15 14477.05 13850.00 14519.85 13850.00 1.03 15258.70 7050.00 6914444.00 MOTIOSMIDCAP100ETF 42.75 42.83 218.34 44.78 30.89 ­
RolexRings 2286.45 2261.10 2288.00 2340.00 2224.95 95.06 2409.95 1622.65 ­ ­ Suzlon [2] 22.80 22.15 22.20 22.50 21.70236321.37 27.00 6.60 ­ 22.20 West C Pap [2] 665.50 691.20 665.40 697.00 646.05 1061.87 748.20 461.65 7 691.25 MOTIOSNASDAQ100ETF 124.13 123.30 354.39 129.90 84.40 ­
RosariBiotec 832.45 838.85 836.60 849.80 822.60 36.57 1052.85 536.35 ­ ­ Swan Ener [1] 279.00 281.65 279.55 288.95 273.05 579.47 379.00 193.00 ­ 282.30 WestlifeDevp 968.75 975.60 978.60 984.55 944.50 135.52 1024.95 631.60 ­ ­ MOTIOSWALM50ETF 202.74 198.84 1.82 208.25 167.95 ­
Rossell [2] 479.30 505.80 483.00 513.00 462.60 242.93 549.85 222.00 81 507.05 Swaraj Eng 2053.85 2037.20 2053.85 2073.40 1990.00 11.21 2300.00 1395.65 18 2040.70 Wheels Ind 768.55 770.90 776.00 787.00 759.90 57.91 853.95 434.00 27 770.45 NiftyBeEs [1] 220.19 221.43 2777.59 230.00 183.43 221.37
RotoPumps 356.50 357.40 356.50 368.55 350.00 93.81 817.00 313.40 ­ ­ Swle. Ener 553.75 562.55 558.50 569.00 540.00 52.31 643.50 262.90 23 562.10 Whirlpool 1686.40 1628.90 1688.70 1688.70 1601.25 72.30 1825.00 1218.20 122 1635.90 NiftyJrBeEs [1] 483.66 485.32 117.47 497.90 390.90 485.01
RouteMobile 1568.55 1580.90 1564.90 1594.90 1544.80 214.36 1759.90 1136.20 ­ ­ Symphony [2] 887.65 893.10 889.70 894.90 880.15 20.86 1218.95 821.00 41 891.30 WindlsBiotec 358.40 367.15 352.60 374.80 350.10 58.82 420.90 212.00 ­ ­ NIPINDETFCONSUMP 93.14 93.25 19.41 95.15 76.53 ­
Royal Orchd 291.25 297.45 288.15 298.80 283.95 51.21 384.75 206.35 31 298.05 SyncmForm(I) 8.35 8.40 8.45 8.55 8.15 1492.67 11.60 4.60 ­ ­ Wipro [2] 435.00 435.70 434.95 437.95 431.50 3722.84 441.35 351.85 25 435.85 NIPINDETFDIVOPP 57.96 58.16 16.20 60.35 39.15 ­
RPG Life [8] 1175.55 1269.70 1152.25 1280.00 1138.55 71.22 1324.95 645.70 29 1268.10 Syngene Int 833.25 837.05 833.25 839.05 821.30 390.71 860.20 535.50 71 837.05 Wockhardt [5] 239.85 251.10 240.60 254.70 239.10 1269.56 282.15 145.35 ­ 251.05 NIPINDETFETFNV20 118.27 118.76 38.27 120.80 86.60 ­
RPower 18.40 19.00 18.50 19.15 17.80146455.33 22.05 9.05 ­ 19.01 SyrmaSgsTech 528.10 519.75 530.95 540.00 505.00 773.47 588.00 248.10 ­ ­ WonderlaHoli 606.30 628.65 611.10 633.40 604.00 107.64 657.20 315.50 21 629.00
RPSGVentures 630.95 631.20 631.00 647.50 612.55 64.46 684.70 360.10 ­ ­ NIPINDETFIT 34.68 34.60 5104.09 35.00 27.26 ­
WorthPeriprl 111.95 111.50 111.05 116.00 110.25 30.68 150.90 84.20 ­ ­ NIPINDETFLONGTEGILT 24.28 24.36 279.08 25.10 20.37 ­
RSWM
Ruby Mills [5]
193.45
240.70
195.65
241.40
193.30
240.70
197.85
244.00
190.70
233.05
71.44
55.35
240.56
368.90
144.00
137.00
38
25
195.65
240.90
T ............................................... NIPINDETFMIDCAP150 153.89 154.48 404.28 163.45 112.00 ­
Ruch.Paper 143.50 146.95 143.40 149.50 140.05 528.06 163.55 91.10 6 147.35
Tainwala 127.40 130.80 127.50 132.45 123.05 17.78 155.10 81.20 36 130.70 X­Z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIPINDETFNIFTY100 207.51 208.12 5.55 241.65 171.00 ­
Taj GVK [2] 232.25 229.85 234.80 235.75 229.00 119.92 288.95 169.35 19 229.75 Xchang 92.40 93.45 92.80 94.40 90.10 324.68 125.60 51.67 75 93.43
RudrabhshEnt 188.95 194.00 189.00 196.10 185.80 27.79 211.40 130.00 ­ ­ Talbros 940.25 967.35 947.00 974.00 914.05 61.28 1162.95 380.10 25 967.25 NIPPONAMC­NETFAUTO 163.36 162.85 64.62 167.99 116.30 ­
Rupa [1] 267.30 270.45 268.90 272.50 262.60 183.30 364.00 197.00 48 269.80 XelpmocD&T 85.90 86.45 89.45 89.45 84.65 51.89 196.30 80.00 ­ ­ NIPPONAMC­NETFPHA 15.56 15.70 3802.62 16.16 11.56 ­
Tanla Sol [1] 987.45 998.50 987.80 1014.00 968.00 654.31 1317.70 506.10 80 998.45 Xpro India 947.20 938.10 949.90 963.00 910.00 52.07 1073.95 528.00 45 943.75
Rush.Decor 292.85 295.25 292.85 296.90 288.45 56.86 599.02 202.47 12 294.80 Tarmat 67.75 68.35 68.95 70.20 66.60 62.63 93.40 47.15 36 68.63 NIPPONAMC­NETFSIL 70.29 70.05 2417.19 76.27 46.15 ­
YashoIndust 1759.80 1781.80 1765.00 1790.00 1759.55 6.41 1845.05 1702.70 ­ ­ NIPPONIND­NIMFXX 115.75 115.81 29.10 119.10 107.50 ­
TarsonsProd 527.55 528.55 527.95 532.30 523.80 55.99 914.45 501.10 ­ ­
S ............................................... TastyBiteEat 15835.55 16378.35 15830.00 16549.00 15759.05 3.08 19867.10 7955.40 96 16465.50
YatharthHosp
Yes Bk [2]
355.35 359.25 358.40 364.00 351.50 264.36 404.70
17.55 17.70 17.50 17.85 17.30 229941.10 24.75
306.10
14.40
­
­
­
17.69 PSU Bk BeEs [1] 52.68 54.83 3852.47 55.40 31.37 54.96
S H Kelkar 153.45 157.80 151.25 158.80 145.65 756.53 172.50 81.90 28 158.05 Tata Chem 1046.10 1052.90 1050.00 1063.05 1038.05 745.78 1214.65 877.90 28 1052.70 YukenIndia 706.65 728.45 707.00 737.05 698.10 11.43 800.30 450.55 ­ ­ Qgold [2] 49.78 49.66 10.17 52.60 41.58 49.65
SadanaNitrCh 85.90 86.80 84.60 92.75 84.45 744.35 148.40 67.80 ­ ­ Tata Cof [1] 252.40 262.75 252.95 263.85 252.00 2405.86 264.00 199.15 43 262.65 Zee Ent [1] 271.55 275.90 272.00 277.90 270.00 4676.90 290.50 172.25 57 275.80 Qnifty 2134.39 2144.58 0.18 2142.00 1756.10 2142.00
SafariIndia 3537.35 3577.80 3560.00 3635.40 3459.55 110.35 3875.00 1440.00 ­ ­ Tata Com 1850.80 1911.80 1857.00 1918.45 1837.45 1063.08 1956.85 1095.05 64 1911.10 Zee Med [1] 12.05 12.15 12.00 12.50 11.85 8290.98 18.45 7.63 ­ 12.17 RELCAPAMC­NETFGILT5Y 52.97 52.96 619.14 57.99 47.45 ­
Sagar Cem [2] 228.15 229.45 228.15 232.50 223.35 134.73 267.75 179.70 212 229.35 Tata Elxsi 7366.85 7264.40 7358.00 7359.85 7252.10 105.62 9275.05 5708.10 60 7263.85 ZenithSteel 4.00 3.95 4.10 4.10 3.90 193.71 6.10 3.20 ­ ­ SBIAMC ­ SBIETFQLTY 174.86 175.00 0.71 178.65 142.85 ­
SagrdeepAloy 24.90 24.50 24.00 25.40 24.00 31.50 33.75 17.85 ­ ­ Tata Inv 2456.50 2463.65 2482.85 2490.50 2437.95 21.34 2886.50 1735.00 51 2467.75 ZensarTec [2] 513.20 509.80 518.30 537.00 508.00 1942.01 575.00 202.00 29 509.55 SBIAMC ­ SETF10GILT 217.74 218.00 5.79 227.89 200.00 ­
SahPolymers 106.35 102.50 104.75 108.00 101.60 176.62 120.90 67.25 ­ ­ Tata M DVR [2] 421.70 425.20 422.20 427.90 420.30 2276.41 440.00 189.50 ­ 424.60 ZFComVeCtrSy 15730.7015946.7015851.3516224.0015799.10 15.6316766.00 8638.55 ­ ­ SBIAMC­SBIETFCON 85.79 86.44 1.48 100.00 70.00 ­
SahyadriInd 427.00 447.30 427.00 452.00 427.00 11.61 484.10 322.25 ­ ­ Tata Metlk 959.00 963.25 970.00 980.00 941.65 95.25 997.15 705.30 36 961.45 ZimLabs 118.70 117.90 119.80 119.90 114.45 225.33 373.05 68.05 ­ ­ SBIAMC­SBIETFIT 345.58 344.37 8.80 353.88 272.20 ­
SAIL 93.75 96.00 94.45 96.90 93.7020853.50 103.59 73.25 36 95.91 Tata Motors [2] 620.80 625.90 621.00 628.50 619.55 6988.36 665.30 375.50 56 625.95 Zod.Clo 112.55 114.60 113.50 116.50 110.55 32.69 128.90 80.00 ­ 113.45
SakarHealth 320.70 324.65 325.80 325.80 314.15 21.34 398.90 185.55 ­ ­ Tata Steel [1] 129.00 129.55 129.60 130.50 127.7023371.46 133.20 95.00 11 129.50 SBIAMC­SBIETFPB 237.63 239.00 3.05 250.00 190.30 ­
ZOMATO 98.75 97.90 98.75 100.75 97.0071661.12 102.85 44.35 ­ ­ SBI­ETF Gold 51.44 51.26 299.67 55.00 43.41 ­
Saksoft [1] 315.65 322.35 316.00 329.00 312.95 214.35 376.80 92.55 105 322.50 TataConsuPro 864.75 889.30 862.00 891.25 860.15 2812.36 891.25 686.60 ­ ­ ZotaHealthCr 391.15 397.65 397.00 402.80 388.35 27.96 495.00 251.00 ­ ­
Sakth.Sug 30.05 31.70 30.30 31.90 29.90 1687.98 34.55 18.07 ­ 31.68 TataPower [1] 262.70 265.00 263.50 267.60 261.0011803.64 276.50 182.45 26 264.80 SBI­ETF NIFTY 50 208.26 209.25 356.78 210.00 166.60 ­
Zuari Ag 155.25 161.35 154.00 163.00 151.35 322.37 198.55 116.15 6 161.75 SBI­ETF NIFTY BANK 459.75 463.96 147.62 471.78 375.99 ­
Sakuma [1] 19.15 19.45 19.30 19.95 18.20 2946.20 21.10 9.47 ­ 19.54 TataStlLngPr 818.25 822.00 818.25 828.00 807.25 63.25 846.00 556.00 ­ ­ ZuariIndus 143.95 148.70 144.55 149.90 144.30 70.06 187.90 104.00 ­ ­
SalasarTech [1] 49.85 51.30 49.75 52.05 48.25 1312.18 58.66 27.60 37 51.22 TatvaChinPha 1653.05 1645.10 1652.95 1670.00 1635.00 37.14 2650.00 1600.55 ­ ­ SBI­ETFNN50 477.71 479.71 10.37 490.01 385.13 ­
ZydusLifescn 627.75 643.25 625.15 644.45 625.15 1167.18 668.75 350.25 ­ ­
Salzer Elec 381.30 378.65 377.15 385.00 370.10 82.14 418.80 221.45 17 379.20 TCI Express [2] 1496.40 1474.75 1503.90 1510.30 1452.05 42.07 2009.95 1383.75 40 1475.15 ZydusWel 1564.10 1613.60 1570.00 1617.50 1563.60 48.47 1791.15 1363.85 154 1613.65 Sharia BeEs 446.48 447.84 1.14 488.89 377.32 449.24
SamvdMthnInt 97.50 97.55 97.20 98.10 95.70 7248.39 129.80 61.80 ­ ­ TCNSClothing 372.55 375.50 372.55 377.65 368.80 105.97 713.05 366.20 ­ ­ TATAAML ­ NPBET 240.00 241.84 0.80 248.55 194.86 ­
Sandesh 1028.40 1032.00 1030.05 1045.00 1006.10 1.69 1313.00 722.00 6 1039.55 TCPLPackage 1933.00 2014.60 1945.00 2050.05 1942.55 33.52 2095.00 1056.00 ­ ­ TATAAML­NETF 210.66 211.93 1.39 218.00 171.16 ­
SandharTech
SANDUR MANG
377.40
1482.60
388.75
1485.05
378.05
1488.00
393.00
1516.30
371.55 105.46
1441.10 18.14
422.00
1650.15
186.10 25 388.15
1440.05 ­ ­
TCS [1]
TD Power [2]
3580.80
263.50
3567.85
257.30
3571.10
262.95
3588.85
265.60
3545.00 1754.93
247.45 337.81
3589.85
288.10
2926.00
95.90
32 3565.55
40 257.55
Exchange Traded Funds TATAAML­TNIDETF 66.96 66.86 84.30 68.29 50.60 ­
UTI Gold [1] 50.15 50.05 155.03 53.22 42.06 50.09
Sangam 323.40 332.90 320.20 338.35 320.20 72.52 393.30 185.00 14 333.20 TeamleaseSvc 2559.10 2564.65 2540.15 2611.05 2478.75 21.61 3337.85 2012.00 42 2566.40 UTIAMC ­ NIFMID150 150.89 150.92 1.47 173.87 148.31 ­
Sangh.Mov [2] 640.35 631.55 635.05 655.90 612.70 194.47 798.95 205.10 20 632.10 TechMahind [5] 1266.00 1260.40 1260.30 1268.75 1253.90 1204.38 1283.90 982.95 36 1259.85 Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl
UTIAMC ­ SILVERETF 71.30 70.95 57.02 89.37 66.60 ­
SanginitChem 22.30 22.90 22.00 23.40 21.15 88.43 32.45 16.50 ­ ­ Technocr 2017.65 2006.60 2048.95 2048.95 1934.10 58.47 2181.80 689.65 24 2018.85
Sanofi 7151.25 7267.15 7171.00 7345.00 7100.05 34.04 7587.95 5240.00 30 7258.55 TechnoEle&En 517.00 509.25 517.05 525.00 490.20 132.35 561.30 254.00 ­ ­ Axis Gold [1] 50.27 50.16 47.45 53.00 42.21 50.21 UTIAMC ­ UTIBANKETF 46.18 46.71 697.88 49.50 37.76 ­
SanseraEngg 936.90 924.00 938.00 943.75 920.00 83.01 998.20 673.25 ­ ­ TegaIndust 965.25 946.15 972.30 976.05 935.00 66.58 1110.00 511.80 ­ ­ AXISAMC ­ AXISBNKETF 461.50 465.86 0.78 469.98 378.38 ­ UTIAMC ­ UTINIFT 2143.46 2150.13 3.09 2165.00 1463.91 ­
SapireFoodIn 1448.85 1423.20 1469.00 1479.85 1415.00 125.54 1574.00 1102.50 ­ ­ TejasNetwork 858.10 865.90 860.00 879.20 838.95 612.05 934.90 510.00 ­ ­ AXISAMC ­ AXISBPSETF 11.16 11.16 23.05 12.95 10.05 ­ UTIAMC ­ UTISENS 719.42 724.89 0.49 811.00 524.90 ­
Sarda Ene [1] 217.75 222.30 219.90 225.95 216.00 270.09 256.00 79.33 12 222.10 TemboGlblInd 243.00 239.35 245.00 249.90 235.95 23.19 258.00 83.80 ­ ­ AXISAMC ­ AXISHCETF 98.26 98.34 4.28 101.00 66.00 ­ UTIAMC ­ UTISXN50 60.11 60.36 0.78 62.99 40.36 ­
Saregama [1] 398.45 404.95 398.45 407.90 392.10 273.64 458.80 284.02 43 405.35 Tex.Infra [1] 74.15 73.65 75.25 76.10 71.50 460.65 91.90 47.10 ­ 73.76 AXISAMC ­ AXISILVER 72.88 72.58 76.67 79.48 54.03 ­ UTIAMC­UTINEXT50 48.16 48.11 8.52 54.30 38.44 ­
Sarla Perf [1] 51.40 52.00 52.30 54.75 50.15 298.90 59.95 32.40 16 52.11 Tex.Rail [1] 136.45 136.80 139.95 144.65 126.60 9530.97 163.85 40.49 77 136.80 AXISAMC ­ AXISTECETF 343.76 342.95 1.31 345.99 270.72 ­
Sasken 1021.70 1045.45 1026.85 1052.00 1024.00 23.15 1168.45 774.00 14 1047.00 TGB Banq 10.35 9.85 10.40 10.50 9.85 163.44 14.50 7.91 ­ 9.85 AXISAMC ­ AXSENSEX 66.73 67.55 7.38 78.00 57.20 ­ *: Closing price is the average of trade price(s) for the last half an hour;52­Week High/Low figures
SastaSunVent 274.45 282.60 275.15 286.00 270.55 30.33 372.15 190.05 ­ 280.70 Thanga.Jwl 1225.25 1209.35 1232.00 1275.00 1177.05 53.70 1443.65 472.08 28 1207.95 AXISAMC­AXISCETF 85.94 86.58 0.91 87.74 70.96 ­ pertain to BSE.
SatiaIndus 128.15 132.85 128.40 134.15 127.05 1178.17 164.30 101.00 ­ ­ The Byke Hos 38.70 38.25 39.30 39.30 37.60 143.41 50.90 31.25 ­ 38.13 AXISAMC­AXISNIFTY 214.22 214.98 8.44 215.19 178.31 ­ Shares of face value other than ₹10 is indicated in brackets immediately following the name of the
Satin Credit 200.00 207.05 199.75 207.70 192.15 400.37 231.70 110.50 7 207.30 TheAnupEngg 2071.15 2098.75 2060.00 2119.75 2031.00 32.83 2348.70 798.60 ­ ­ Bank BeEs [1] 463.86 467.51 467.85 476.40 369.19 467.48 company.
SATIndust 110.40 110.00 111.00 115.10 107.35 1139.05 145.60 55.00 ­ ­ TheInvstTrst 85.85 85.30 85.90 88.30 83.60 16.52 108.95 63.35 ­ ­ Birla Gold 53.05 52.58 22.39 56.51 44.41 52.55 Qty (No of shares traded) is denoted in thousands.
Savita [2] 319.75 327.75 321.95 331.70 318.00 180.94 363.40 231.95 12 326.60 Themis 1581.55 1615.40 1596.50 1633.00 1560.00 3.12 1727.40 875.10 34 1610.85 Birla Nifty [100] 22.66 22.77 166.15 5790.00 4492.00 5381.40
SBFCFin 85.20 84.30 85.30 86.35 84.00 3609.20 95.45 82.00 ­ ­ TheNewIndA [5] 124.95 128.35 125.10 129.35 123.55 875.80 142.30 81.60 18 128.35 BIRLASLAMC ­ ABSLBANEF 45.86 46.26 42.76 49.99 37.31 ­ The PE(price­earnings multiple) of each stock is based on the latest declared earnings.
SBI [1] 588.35 596.45 588.40 598.00 583.4519377.17 629.65 499.35 9 596.45 Thermax [2] 2827.95 2771.20 2800.00 2904.90 2760.25 53.82 3050.00 1830.35 87 2774.75 BIRLASLAMC ­ ABSLLIQUID 999.99 1000.01 0.47 1002.00 999.01 ­ The PE computation takes into account the per share earnings of each company for the latest 12
SBICards&Pay 835.60 832.20 836.50 837.30 821.05 703.09 982.50 695.55 ­ ­ Thiru.Chem [1] 212.10 222.10 212.40 223.00 207.15 1142.38 259.90 168.35 22 223.00 BIRLASLAMC ­ SILVER 73.01 72.61 200.51 78.99 53.50 ­ months.

BSE Stocks
C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C

360One [1] 545.20 528.40 Bajajhcare [5] 380.80 413.40 Devyani [1] 206.95 210.65 Grwrhitech 1255.20 1285.40 Jtlind [2] 201.45 200.85 Medplus [2] 799.00 806.45 Ppl 262.60 262.75 Securcred 16.02 19.22 m Bansal Roof 105.40 103.85 Relhome 1.90 1.87
7Nr [1] 0.56 0.54 Balmer La.In 477.60 480.20 Dharmaj 214.90 211.25 Gslsu 175.65 177.15 Jublingrea [1] 497.00 503.25 Menon Pisto[1] 75.08 78.19 Pplpharma 100.30 102.95 Senco 394.70 402.00 m Bcpl 64.17 63.54 Rojl [2] 4.66 4.67
A.Sarabhai 35.73 35.93 Baluforge 189.00 205.75 Dhruv 58.30 62.94 Guj.Themis. [5] 791.40 806.15 Jyoti Resins 1613.40 1623.40 Metrobrand [5] 1085.25 1073.05 Praveg 489.50 490.45 Setfnif50 208.29 209.22 Dynamic 494.10 486.30 Sarveshwar 152.60 148.75
Aarnav 31.12 31.47 Barbeque [5] 681.90 682.55 Diamines&Chm 494.90 494.50 Haldyn Glass [1] 103.20 105.40 Kalyancap [2] 17.48 17.00 Midcapetf [5] 15.17 15.15 Pressure Sen [1] 7.26 7.62 Setfnifbk 459.57 463.83 Emil 133.05 126.80 Sctl [2] 0.93 0.94
Aartipharm [5] 425.65 438.20 Baroda Extr. [1] 2.93 3.03 Diligent [1] 10.12 10.33 Hansugar 7.99 7.60 Kalyankjil 227.35 224.55 Mishtann [1] 13.98 14.14 Primo [2] 58.69 59.30 Sevenhill [1] 0.66 0.65 Galactico [1] 5.88 5.72 Sgfin 553.10 559.05
Aartisurf 627.70 642.90 Basant Agro [1] 21.93 21.76 Divgiitts [5] 937.15 945.50 Happstmnds [2] 932.30 915.75 Kamaholding 15530.95 15553.75 Mkexim 108.40 117.75 Princepipe 743.40 751.00 Sgrl 489.65 496.50 Gcm Secu [1] 1.43 1.43 Shishind 110.10 108.50
Abslamc [5] 411.70 413.45 Bclenterpr [1] 1.06 1.09 Dmcc 322.15 320.25 Hardwyn [1] 36.76 38.59 Karnavati [1] 2.61 2.48 Mkpl 793.65 785.40 Prismx [1] 1.90 1.87 Shalimar Pro [1] 0.50 0.49 m Ggeng [1] 1.16 1.14 Sintexplast [1] 1.41 1.48
Accel [2] 21.74 21.43 Bclil 484.40 490.20 Dodla 711.30 676.10 Haria Apl 5.70 5.12 Kaynes 2124.85 2006.55 Mkventures 1256.45 1283.90 Prudent [5] 1102.80 1131.00 Shilchar Tec 1501.80 1610.45 m Swsolar [1] 370.85 358.60
Kamo
Aci [2] 607.95 606.55 Bectorfood 988.40 964.20 Dpwires 623.70 626.70 Hariompipe 584.85 596.65 Kcp Sugar In [1] 32.46 34.40 Modinatural 266.40 290.00 Psubankici 47.71 49.54 Shiv.Bimetal [2] 517.35 525.70
G K Uniauto 261.50 256.45
Aci Infocom [1] 1.55 1.48 Bestagro 1100.30 1074.95 Dr.Agar.Eye 2297.20 2334.10 Harsha 434.70 429.35 Keil [5] 25.75 23.55 Mol [1] 85.13 85.75 Ptcil 5637.40 5632.30 Shiva Ceme [2] 48.37 49.36
Ador Fontec [2] 108.20 109.50 Bharat Seats [2] 130.30 132.80 Dreamfolks [2] 488.15 489.75 Hawkins Cook 6930.65 6981.60 Kfintech 455.05 475.80 Monarch 323.80 322.90 Pyramid 170.85 176.25 Shree Global [1] 33.87 33.98 Vishalbl 204.50 208.10
Advait 375.40 379.40 Bhatia [1] 17.91 17.64 Easemytrip [1] 38.94 38.98 Haz Mul Pro 143.50 145.25 Khoobsurat [1] 1.16 1.17 Moschip [2] 88.47 89.34 Quadrant [1] 1.05 1.05 Shreeganes [1] 0.95 0.94 A Vsl [2] 8.79 8.93
Advance Tec [5] 1.33 1.31 Bikaji [1] 496.90 489.25 Eki 463.15 465.65 Hdfcsml250[91] 120.69 121.42 Kilburn Engg 166.35 161.10 Mstc 406.50 409.95 Raclgear 1195.75 1240.15 Shreesec [1] 0.39 0.40
Advikca [1] 2.53 2.58 Biogen [1] 0.84 0.85 Elegant Flor 6.88 6.90 Healthy [1] 9.82 9.83 Kilpest (I) 823.15 812.45 Msumi [1] 63.82 63.91 Radhe Devlo [1] 3.04 3.03 Shrirampps 82.27 87.09 m
Ael [5]
Aeroflex [2]
82.63
148.65
84.04
155.70
Birla Pretec [2]
Blackrose [1]
41.71
149.10
41.59
151.90
Elin [5]
Empire Ind.
162.95
1075.35
167.05
1092.90
Hemiprop
Heranba
113.00
376.50
116.60
376.20
Kims
Kinetic Eng.
2066.55
132.00
2091.85
133.50
Mtartech
Mufin [1]
2623.25
51.87
2635.55
50.33
Radhikajwe [2]
Radiantcms [1]
35.71
92.77
35.80
93.40
Shyammetl
Sigachi
437.40
372.75
441.85
368.50
m NSE Trade for Trade
Aether 987.35 984.60 Blal 169.85 166.75 Empower [1] 0.85 0.86 Hfil 22.01 21.26 Kirl.Ferrous [5] 455.70 451.45 N.R.Agarwal 341.10 370.30 Railtel 223.65 224.55 Silvertuc 459.70 551.20 C m P C C C m P C C C m P C C
Agstra 60.59 61.24 Bls Infote [1] 2.62 2.70 Emudhra [5] 470.95 467.10 High Energy [2] 527.70 510.80 Kirlosar Pn [2] 614.70 596.95 Nat.Peroxide 1795.65 1924.20 Rainbow 1018.80 1016.05 Sinclair Hot [2] 161.35 165.55 M C ON H m
Ahl [2] 286.20 291.25 Bmw [1] 36.10 37.10 Epigral 995.50 1010.95 Hind.Foods [2] 544.95 543.40 Kirloskar El 107.00 107.00 Natural Caps 390.65 398.10 Raj Glo Wir [2] 772.45 757.40 Singer India [2] 94.75 96.65 A MO C
Aiil [1] 448.45 441.00 Bnl 62.47 62.56 Equitasbnk 83.91 84.54 Hindwareap [2] 545.10 547.05 Kmc Shil [1] 84.81 88.01 Navkar [2] 6.34 6.20 Rajnish [1] 12.92 12.76 Sirca 398.25 400.40 A
Airan [2] 21.58 22.43 Boroltd [1] 407.55 410.90 Ethosltd 1617.60 1640.75 Hitech [1] 77.35 84.82 Kpel [5] 515.10 524.40 Nazara [4] 826.15 838.20 Ram RatWir [5] 299.55 294.75 Sjs 687.30 683.50 A M
Ajanta Soya [2] 26.71 27.14 Campus [5] 300.40 300.05 Eurekaforbe 477.45 507.00 Hleglas [2] 590.25 593.55 Kpigreen 791.20 814.65 Neogen 1693.30 1749.65 Rama Phosph 243.10 247.70 Smgold 17.21 17.11 A M & w
Alexander 15.87 15.12 Cams 2604.25 2587.30 Evexia [1] 1.70 1.71 Hmaagro 776.75 784.00 Kpittech 1144.80 1137.35 Netweb [2] 835.40 820.85 Rategain [1] 553.20 555.70 Smifs Capita 57.67 51.91 A m
Alstone [1] 0.58 0.57 Cappipes [1] 24.79 24.28 Exxaro 132.20 134.00 Homefirst [2] 853.15 836.75 Kpl 378.00 378.60 Niftyetf [100] 211.03 211.81 Rba 116.15 119.15 Smruthiorg 167.10 170.25 A & A
Alu Fluoride 434.15 454.45 Captain Poly [2] 24.46 24.53 Facor Alloys [1] 7.21 7.17 Hpal 472.75 477.50 Kranti 84.98 88.99 Niitmts [2] 391.85 470.20 Redtape [2] 427.20 422.40 Solara 356.50 368.60 U C A K
Amines&Plast [2] 124.80 124.60 Cartrade 558.90 567.35 Fairchemor 1167.40 1149.20 Icicibankn [1] 45.93 46.27 Krettosys [1] 0.82 0.80 Nikhil Adhsv [1] 118.30 117.15 Rel.Chemotx 194.35 193.15 Sonacoms 583.25 570.60 U A K m V
Amiorg 1269.05 1283.85 Carysil [2] 638.50 636.00 Familycare 7.86 7.71 Icicim150 154.60 154.64 Krishna Ven 72.03 65.88 Nitta Gela 804.15 829.45 Remlife [5] 724.55 688.35 Spandana 761.40 760.45 U K CG C
Amrawor Ag [1] 0.79 0.77 Ceinsystech 203.10 199.25 Faze Three L 373.40 378.15 Icicinxt50 [1] 47.15 47.14 Krrail 801.50 761.45 Niyogin 71.13 74.27 Rishabh 447.05 440.65 Spel Semicon 55.67 58.40 U m A K M
Anandrathi [5] 1365.50 1382.25 Chamanlal S [2] 200.00 201.05 Filat Fash [5] 12.81 12.89 Icicitech [1] 34.55 34.48 Krsnaa [5] 638.55 635.30 Rolexrings 2287.75 2265.20 Spencer [5] 65.69 70.40 U w
Novartis [5] 747.55 749.30 A m C K m
Andhra Petro 79.01 80.88 Chembond C [5] 377.45 373.50 Finopb 343.65 338.75 Ideaforge 998.95 998.95 Kuantum [1] 180.65 185.85 Nslnisp 53.91 54.14 Rossari [2] 832.95 838.00 Spicejet Ltd 40.45 39.25 U D H A COO
A K D m
Andrew Yule [2] 29.01 29.25 Chemcon 289.10 295.20 Fivestar [1] 688.55 697.10 Ifl [1] 14.31 14.28 Lancer [5] 265.95 264.75 Ntc Indust 87.72 85.61 Roto Pumps [2] 355.60 356.70 Srd 105.85 105.60 U A C K
Angelone 1771.75 1756.20 Chemcrux 322.65 320.75 Fluorochem [1] 2997.35 3059.40 Iiflsec [2] 72.68 75.11 Landmark [5] 756.45 800.25 Nureca 352.30 360.15 Route 1568.75 1579.35 Sri Digv Cem 90.17 91.61 U m mA
K m
Anuh Pharm [5] 128.65 129.15 Chemplasts [5] 499.75 492.45 Foods & Inns [1] 168.20 170.70 Ikio 361.60 352.95 Latentview [1] 420.50 426.35 Nuvoco 365.60 370.90 Rpel 492.15 498.65 Srusteels 14.39 14.71 U H K N
Anup 2070.40 2103.95 Choice Int. 400.35 405.40 Force Motr 3657.95 3736.40 Ind.Toners 267.40 284.95 Lici 660.00 659.00 Nykaa [1] 145.65 148.65 Rril [5] 22.52 23.44 Starhealth 643.45 632.65 U m
m H K W m
Anupam [1] 1.68 1.68 Clean [1] 1433.50 1450.55 Fredun 881.15 867.85 Indag Rubbe [2] 140.75 142.50 Likhitha [5] 302.70 302.45 Nyssacorp [1] 5.09 4.90 Rts Power Co 161.75 163.50 Std.Battery [1] 36.93 34.63 U C
Anuras 969.80 959.20 Cmsinfo 357.65 354.60 Fusion 594.25 596.25 Indiamart 3132.05 3089.45 Lloyds Met E [1] 567.05 576.50 Oal [5] 373.10 373.30 Rubfila Int. [5] 84.35 84.62 Steel Exch [1] 10.13 10.74 V N w
C M
Aptus [2] 270.25 270.50 Coast Corp 261.60 261.45 G.V.Films [1] 0.54 0.58 Indian Info. [1] 2.11 2.08 Lodha 785.75 793.85 Ok Play (I) 114.20 119.35 Rvnl 169.65 166.65 Steelcast [5] 716.25 690.55 V m C C
Arcfin [1] 0.71 0.72 Cochin Min. 254.40 253.30 Galaxy Bear. 1444.40 1442.45 Indian Sucro 92.03 96.49 Lords Chloro 156.60 163.25 Orientelec [1] 235.45 229.55 Sadhana Nit [1] 85.70 86.76 Stovekraft 526.55 528.10 V C M M
Arihant Cap. [1] 64.58 65.59 Cockerill 2825.60 2810.55 Ganesh Benz [1] 157.75 159.60 Indigopnts 1529.25 1524.90 Luharuka [1] 3.94 4.24 Ovobel Foods 311.30 298.50 Sadhna [1] 4.52 4.50 Sturdy Inds [2] 0.42 0.44 V NG & W
C M C M
Artemismed [1] 129.10 133.85 Colorchips [2] 4.02 3.98 Gateway 85.08 84.37 Indo Amines [5] 121.15 128.25 Lxchem [2] 289.05 293.15 Pakka 192.60 208.65 Safari Ind. [2] 3523.00 3578.20 Sula [2] 474.60 472.75 V D OCK NDU M
Artson Eng [1] 146.75 146.70 Comfort Inte [1] 5.40 5.43 Gayatri Sugr 18.29 17.93 Infobean 461.65 473.85 Madhus.Ind. [5] 54.60 55.69 Pan India C 2.27 2.32 Sah 107.15 102.50 Sumichem 429.25 425.00 V M D M
Ashirwad Ca [1] 3.87 3.89 Concordbio [1] 1004.70 1020.40 Gee Ltd [2] 87.30 83.63 Inoxgreen 63.76 65.48 Madrasfert 78.16 77.94 Pana Energ 335.05 345.85 Sahya Indu 428.85 446.70 Super Tanne [1] 7.82 7.68 V D M
Ashni [1] 21.49 20.42 Cosmo Ferr. 241.55 265.70 Gemstone In [1] 0.94 0.92 Int.Conveyor [1] 85.21 86.12 Mafang [40] 64.74 64.16 Panafic [1] 1.09 1.11 Saicom [1] 0.45 0.46 Supriya [2] 279.35 296.35 V D m C M m
Asm Technolo 478.80 484.55 Craftsman [5] 4683.25 4598.35 Gennex Lab [1] 7.82 7.86 Integra Eng [1] 244.55 249.00 Mafatlal Ind [2] 143.55 143.40 Panth 8.00 7.93 Saint­Gobain 114.50 116.05 Surat Text. [1] 9.16 9.17 V G C ON C N C m m
Asrl 37.07 37.17 Creative 905.90 1087.05 Genpharma [1] 3.92 3.86 Inter St.Fin [1] 1.70 1.73 Maha Corp [1] 1.20 1.25 Paradeep 67.01 68.58 Samrat Pharm 397.20 397.60 Suryalata Sp 523.35 509.20 V N O m
Asso.Alcohol 430.40 437.45 Cressanda S [1] 25.68 25.65 Gensol 1838.60 1810.00 Inter.Travel 378.75 386.75 Mahepc 116.15 119.25 Paras 758.25 763.15 Sanduma 1482.35 1490.00 Suryoday 155.25 153.90 V C m O UCA
Atalreal 84.80 84.15 Cslfinance 297.40 303.20 Ghcltextil [2] 75.30 76.16 Ion Exchang [1] 534.95 539.55 Mallcom 1076.20 1041.65 Parleind 7.29 7.17 Saninfra [1] 83.18 84.44 Suvenphar [1] 513.55 517.40 V w G O C U M
Atam 173.35 174.00 Cyientdlm 672.00 675.60 Gitarenew 125.05 122.50 Ipl [1] 291.95 289.75 Mangalam In[1] 3.96 3.85 Patel Airtem 317.25 331.35 Sansera [2] 935.25 924.55 Svartcorp [1] 3.05 3.03 V G O G U
Atl [2] 33.20 33.22 Dai­Ichi Kar 458.75 479.50 Gland [1] 1651.70 1639.15 Ircon [2] 151.15 147.10 Mankind [1] 1783.15 1810.55 Paushakltd 6489.60 6479.85 Sapphire 1439.85 1425.45 Swasti Vinay [1] 6.10 6.15 V G C mC m UMA O
Avalon [2] 587.80 564.90 Datapattns [2] 2141.55 2045.55 Gls [2] 616.40 616.80 Irctc [2] 688.10 686.95 Manyavar [1] 1288.75 1285.50 Paytm [1] 864.95 838.30 Sat Ind Ltd [2] 109.85 110.20 Swissmltry [2] 19.30 19.47 V G U M
Avantel Ltd [2] 224.05 220.05 Dbol 164.70 170.00 Gmrp&Ui [5] 33.27 36.59 Irfc 82.83 78.85 Mapmyindia [2] 1631.30 1715.65 Perm Magnets 1461.35 1499.60 Satia [1] 128.10 133.35 Sylph Tech [1] 3.70 3.90 W HC V
Avl 2290.30 2316.35 Dcxindia [2] 308.65 310.35 Gocolors 1376.70 1366.90 Isec [5] 636.85 636.90 Maxhealth 618.20 582.85 Piccadily Ag 98.80 107.80 Sauras.Cem. 77.25 78.14 Syncom For [1] 8.35 8.42 W m H C m V A
Avroind 116.25 118.60 Ddevplastik [1] 209.75 212.80 Golden Lami [5] 1750.45 1795.80 Isgec [1] 753.00 739.85 Maximus [1] 15.94 16.21 Pix Trans 1087.05 1107.35 Sawaca Busi [1] 0.85 0.84 Syrma 528.50 519.85 W w H w m V
Awhcl [5] 316.35 324.05 Ddil [1] 6.25 6.37 Grauer& Wei [1] 129.40 130.60 Isw Ltd [1] 2.21 2.16 Maxindia 142.35 146.15 Pmcfin [1] 1.86 1.85 Sbfc 85.03 84.23 Syschem (I) 53.44 54.41 W & V m V O
Awl [1] 353.45 352.40 Deccangold [1] 84.20 87.27 Greencrest [1] 0.67 0.68 Jaimata Glas [1] 1.74 1.76 Mazdock 2073.45 2061.65 Poel 196.10 192.80 Sbglp 339.45 330.00 Taneja Aero. [5] 252.75 259.35 W W M V C
Axtel Indus. 389.20 414.65 Decipher 17.73 18.57 Greenpanel [1] 377.95 386.80 Jct Ltd [2] 2.27 2.32 Mcloud 401.80 407.90 Policybzr [2] 784.45 758.20 Sbicard 835.30 831.85 Tarc [2] 86.84 85.49 W &C V NCH
Baidfin [2] 37.30 35.85 Deepind [5] 247.15 252.25 Grinfra [5] 1243.05 1217.70 Jiofin 244.25 240.20 Medanta [2] 677.15 701.80 Polycab 4942.60 5040.10 Scanstl 39.70 44.79 Tarsons [2] 526.80 527.75 W C
Bajaj Steel [5] 1050.25 1024.75 Delhivery [1] 417.50 429.70 Grm Overse [2] 199.05 198.90 Johnpharma [1] 0.53 0.55 Media Matri [1] 26.70 26.16 Powerindia [2] 4349.25 4328.75 Seacoast [1] 3.13 3.07 Tata Yodogaw 86.00 84.93 W M A NAV

CM
YK . . . . . . . . BM­BME