TUESDAY • NOVEMBER 3, 2020

CHENNAI
₹10 • Pages 12 • Volume 27 • Number 263

FOOD GETTING COSTLIER LITTLE CORRELATION EQUITAS’ HIGH RATES STRATEGY

Food prices are rallying globally, as State­wise data reveal that farm Equitas SFB will continue to offer high
countries begin to hoard produce loan waivers do precious little to deposit rates, at least for a while, to acquire
on fears of a second Covid wave p9 curb farmer suicides p12 customers, says PN Vasudevan, MD & CEO p4
Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/2012-2014, RNI No. 55320/94

QUICKLY
Manufacturing PMI at a decade­high Five coal mines taken in
BIHAR ELECTIONS
the first day of auctions
NDA’s campaign hit on many fronts
New Delhi, November 2
The NDA’s campaign in the ongoing Bihar
Assembly polls has been hit by Covid­19
as factories recover from Covid blues egory, but there was also robust
Maharashtra block
draws most interest 
for the MarkiMangli II coal mine
went on for longer than the rest. 
It may be recalled that the Ma­
and mounting worries over brewing
Firms raise output  expansions  in  the  consumer harashtra  government  had  op­
dissatisfaction in the JD(U) over allegations to 13­year high  and  investment  goods  sub­sec­ OUR BUREAU posed  the  auction  of  this  coal
of the BJP covertly backing Chirag Paswan tors.  New Delhi, November 2 mine on environmental grounds.
and his Lok Janshakti Party against chief ally
on robust sales  Manufacturers indicated that Five  coal  mines  were  bid  out  on According  to  State  Environment
and Chief Minister Nitish Kumar. The BJP’s the  phased  unlocking,  better Monday,  the  first  day  of  the Minister  Aaditya  Thackeray,  the
biggest handicap in Bihar is the absence of OUR BUREAU market  conditions  and  im­ Centre’s commercial coal mining mine  falls  within  the  Tadoba­
Home Minister and the party’s chief New Delhi, November 2 proved demand helped them se­ auctions.  The  winners  on  Day  1 Andhari  Tiger  Reserve  and  the
strategist Amit Shah.  p11 A day  after  a  set  of  high­fre­ cure new projects last month.  were Aurobindo Realty and Infra­ Tipeshwar  Wildlife  Sanctuary  in
quency  economic  indicators Moreover,  the  uptick in  sales structure , JMS Mining, Yazdani In­ eastern Maharashtra. 
showed  impressive  gains,  Man­ was  the  strongest  since ternational,  Vedanta  and Despite  the  opposition,  this
RESULT IMPACT
ufacturing  Purchasing  Man­ mid­2008.  New  export  orders Hindalco Industries.  mine was the most hotly con­
RIL sees biggest slide since March 9 agers’  Index  (PMI)  for  October likewise rose at a quicker pace — Companies are competing tested,  with  the  winning
Chennai, November 2
surged  to  58.9  on  Monday,  the the most pronounced in close to on the basis of the share bidder,  Yazdani,  offer­
Shares of index heavyweight RIL slumped highest reading since May 2010.  six years. of  revenue  they ing  to  share  30.75
8.62 per cent on Monday after the Last  month,  manufacturing would  part  with  to per  cent  of  the  rev­
company on Friday posted a drop in Q2 net sector conditions in the country Payroll numbers fall the  respective  State enue with the State. 
profit, as the pandemic hit sales of most of continued  to  improve,  with The good news on the manufac­ governments.  There  is Officials in the know
its products. This is the biggest fall for the companies  raising  output  to  a survey  results,  Pollyanna  De sustain over  the  coming turing  front  did  not  however no  end­use  restriction said  bidding  for  this
RIL stock after the March 9 crash, when it 13­year  high amid  robust  sales Lima,  Economics  Associate  Dir­ months,  as  indicated  by  a transmit  to  the  employment on  the  coal  that  is mine  went  on  for  well
slumped 13 per cent. RIL tumbled 8.62 per growth,  said  IHS  Markit,  the ector at IHS Markit, said levels of strong  upturn  in  input  buying front, though, with October see­ mined.  beyond 5 pm while that
cent to ₹1,877, while partly­paid shares agency  which  tabulates  PMI  on new  orders  and  output  at  In­ amid restocking efforts. ing  another  reduction  in The Centre will be auc­ for  other  mines  closed
tanked 10 per cent to hit the lower circuit the basis of responses from pur­ dian  manufacturers  continued payroll numbers.  tioning  19  coal  mines  by much  earlier  in  the  day.
limit and close at ₹1,066.  p8 chasing managers of some 400 to  recover  from  the  Covid­in­ Confidence improves “Survey  participants  that November 9. Yazdani  outbid  Andhra  Pradesh
manufacturers.  duced contractions seen earlier Also, confidence on the outlook noted  job  shedding  mentioned Mineral  Development  Corpora­
The  PMI  index  ranges  from  0 in the year, with the PMI results for  the  year­ahead  improved  as having  observed  containment Strong demand tion  and  Refex  Industries  to  bag
TRENDING to 100, with a reading above 50 for October highlighting histor­ firms hoped that Covid­19 cases measures  to  halt  the  spread  of A Coal Ministry official said that in this mine.
WWW.THEHINDUBUSINESSLINE.COM indicating  an  increase  com­ ically high  monthly rates of ex­ will abate and more businesses the  coronavirus  disease,”  De all the mines auctioned, the final The Takli Jena Bellora North and
pared  to  the  previous  month, pansion.  will reopen. Lima said. offer  received  was  above  10  per Takli  Jena  Bellora  South  are the
NEIGHBOUR’S ENVY and below 50, a decrease. Companies appear convinced October  growth  was  led  by cent, signalling a strong demand. only other coal mines where the
Commenting  on  the  latest that the resurgence in sales will the  intermediate  goods  cat­ Other indicators The  MarkiMangli  II,  and  Takli winning bidder, Aurobindo Realty
India needs to reflect on On Sunday, the Centre reported Jena Bellora North and Takli Jena and Infrastructure, has offered to
Bangladesh’s quiet strides in GST collections in October grow­ Bellora South coal mines in Maha­ share 30.75 per cent revenue with
social and economic growth,
writes B Baskar eWay bill generation hits a new record ing  10  per  cent  to  reach  ₹1.05­
lakh crore. 
rashtra attracted the most interest
on Monday. According to officials
the  State.  The  company  had  out­
bid  Sunflag  Iron  and  Steel
OUR BUREAU of  goods  worth  ₹50,000  or “two­and­a­half­year  journey  of Power consumption surged 13 monitoring  the  auction,  bidding Company.
‘REVENGE’ TOURISM New Delhi, November 2 more, and its numbers are seen the  eWay  bill  system”,  said  the per cent while petrol and diesel
The Centre on Monday said Oc­ as  a  high­frequency  economic National  Informatics  Centre sales  rose  over  4  and  6.6  per
Lockdown­fatigued Indians
tober  saw  an  all­time  high  in indicator.  (NIC) in a statement.  cent,  respectively,  in  October.
are hitting offbeat tourist
eWay  bill  generation,  at  641 E­invoicing  is  the  electronic Over 495 lakh e­invoices were Car companies hit the fast lane
destinations with a revenge,
lakh. Also, e­invoice generation reporting of details of specified generated on the NIC portal by reporting  sales  racing  up  to  18
reports Narayanan V
reached  495  lakh  in  the  first GST  documents  on  a  govern­ 27,400 tax­payers last month, it per  cent  while  railway  freight
month of implementation.  ment­notified  portal  and  ob­ added.  Every  company  with  a gathered  pace  at  nearly  15  per
KNOW YOUR SALARY cent.
An  eWay  bill  shows  goods taining a reference number.  turnover of ₹500 crore or more
A 3­part video explains your were moved to a place after the The 641 lakh eWay bills gener­ is  required  to  generate  e­in­
pay components and requisite  tax  payment.  It  is ated  last  month  were  the voices since October 1.  India File: Is GST about ease
deductions, and how you can mandatory  for  the  movement highest  in  a  month  over  the Details p5 of doing business? p10
make it more tax­efficient

Now, Bain Capital joins TN government rolls out 100% CV makers, too, hit growth lane 

suitors for Piramal Glass tax exemption for e­vehicles in October as demand picks up
PE peer Blackstone packaging  for  pharmaceutic­
als,  cosmetics  and  perfumery, G BALACHANDAR would also plan a futuristic EV G BALACHANDAR Z
Y mining,  and  road  and  port­
also among bidders and  specialty  food  and  bever­ Chennai, November 2 charging  station  using  solar Chennai, November 2  “About two months ago, related  projects  kicking  off,
age.  It  has  a  capacity  of  1,475 In a major boost to the adop­ power  at  a  government  cam­ In  an  indication  of  demand there were still concerns he said. The cargo segment is
OUR BUREAU tonnes per day, with 12 furnaces tion of electric vehicles in the pus.  recovery,  leading  truck around the pace of also improving, he added. 
Mumbai, November 2 and 65 production lines. It has State, the Tamil Nadu govern­ This  EV  charging  station makers  Tata  Motors,  Ashok recovery in CVs. But, from
The  race  to  acquire  Piramal offices and warehousing facilit­ ment has passed on order for will offer slow and fast charge Leyland  and  VE  Commercial September, very clearly, Financing looks up
Glass  is  picking  pace  with  at ies in France, Germany, Turkey, 100  per  cent  exemption  of features.  Depending  on  the Vehicles  have  reported we have been seeing “Even  more  reassuring  is
least two new bidders, includ­ Spain, the US, the UAE, the UK, motor vehicle tax for battery­ success of this model, the gov­ strong  year­on­year  (YoY) growth coming back.” that  the  financing  concerns
ing  global  private  equity  (PE) China and Sri Lanka, apart from operated vehicles (BOVs). ernment plans to ramp up the sales growth for October.  PB BALAJI
are  starting  to  abate.  Once
firm  Bain  Capital,  submitting India.  The  State  government  had X
W number of such stations. The country’s top commer­ Group  CFO,  Tata  Motors  the  moratorium  was  over
offers for Asia’s largest specialty earlier  issued  orders  for  a  50 All battery-operated cial vehicles (CV) maker, Tata Z
Y people  saw  things  were  not
glass player. Rival PE firm Black­ Non-core units sale per  cent  concessional  rate  of vehicles are exempted Nationwide push Motors, reported a 3 per cent as bad as they thought and a
stone had submitted a bid last The Piramal group is looking to lifetime  tax  in  respect  of  bat­ from motor vehicle tax Delhi  has  announced  an  ex­ increase  in  its  medium  and sales  of  3,815  units  (3,309 lot of people were wanting to
week.  Offers  from  Bain  and sell the company as part of its tery­operated  two­wheelers from November 3, 2020 emption of road tax on all EVs heavy  CV  (M&HCV)  sales  at units), up 15.3 per cent.  repay  loans  on  time.  There­
Blackstone are in the $800­900 strategy  to  exit  non­core  busi­ and  four­wheelers  of  non­ to December 31, 2022 or  BOVs  while  States  like  Tel­ 5,033  units  last  month, “About  two  months  ago, fore,  we  are  seeing  some  im­
million  range,  according  to nesses  and  focus  on  its  finan­ transport vehicles. However, a angana,  which  recently  an­ against  4,893  units  in  Octo­ there  were  still  concerns provement in the loan recov­
sources  close  to  the  negoti­ cial  services  arm.  In  June,  it request  was  made  for  a  100 nounced a new EV policy, offer ber  2019.  Its  intermediate around  the  pace  of  recovery ery rate and that is ensuring
ations.  agreed  to  sell  20  per  cent  in per  cent  exemption  by  the After establishing itself as a 100  per  cent  exemption  in and light CV (I&LCV) volumes in  CVs,”  PB  Balaji,  Group more  finance  coming  into
“There is heightened interest Piramal  Pharma  to  PE  firm Transport Commissioner. hub for automotive manufac­ road tax and registration fees grew 12 per cent YoY to 4,286 Chief  Financial  Officer,  Tata the CV segment as well. 
in  Piramal  Glass  from  more Carlyle Group Inc for $490 mil­ The  government  said  that turing,  the  Tamil  Nadu  gov­ for early adopters in different units (3,832 units). Motors,  said  last  week  while “If  this  trend  were  to  con­
than  two  players.  The  deal lion.  after  careful  examination  it ernment  has  been  making EV segments. The  No  2  M&HCV  maker, discussing  the  company’s tinue,  I  would  expect  to  see
should  be  concluded  in  two­ Since  July,  Ajay  Piramal  has has decided to grant a full tax several efforts to emerge as an “Lately, there has been a lot Ashok Leyland, saw sales rise performance.  “But  from most  of  the  issues  in  the  CV
three  weeks,”  said  a  source been trying to find new owners exemption for all BOVs.  attractive  centre  for  electric of  positive  news  on  the  EV 13  per  cent  to  3,762  units September,  very  clearly,  we segment  getting  resolved  in
privy  to  the  ongoing  discus­ for  glass  business.  In  Septem­ All  BOVs,  both  transport mobility.  Last  year,  it policy front from the Central (3,340  units).  Its  light  com­ have  been  seeing  growth the next three months or so,”
sions. “Piramal is looking for a ber,  Bloomberg  reported  that and  non­transport  (EVs),  are launched a separate policy for and  State  governments  that mercial  vehicle  (LCV)  sales coming  back.  I&LCV  started said Balaji. 
deal  that  values  the  company Partners  Group  Holding  AG exempted  from  payment  of EVs,  paving  the  way  for  fresh has led to a higher confidence grew  11  per  cent  to  5,004 to  see  momentum  from Daimler India Commercial
close to $1 billion,” another per­ and  Blackstone  were  among motor  vehicle  tax  under  the investments  by  several  play­ amongst  OEMs,  component units, helped by its new pick­ September  and  M&HCV  has Vehicles,  the  Indian  arm  of
son said.  the other bidders. Bain’s entry Act from November 3, 2020 to ers  into  EV  manufacturing suppliers and investors,” said up ‘Bada Dost’.  also  come  back  to  demand the  German  auto  major,  had
Piramal Glass Pvt Ltd is a spe­ may  help  Piramal  get  a  deal December  31,  2022,  said  the and associated areas. Sohinder  Gill,  Director  Gen­ VE  Commercial  Vehicles  (a growth.”  reported  growth  in  Bharat­
cialist  in  the  design,  produc­ closer  to  $1  billion,  said  an  in­ government  order  dated In  March  2020,  the  State eral, Society of Manufacturers Volvo­Eicher  joint  venture) Within  M&HCV,  the  tipper Benz  truck  sales  for  the
tion  and  decoration  of  glass vestment banking source. November 2. government  announced  it of Electric Vehicles.  recorded  domestic  M&HCV segment  did  well,  thanks  to September quarter. 

MEGA DEALS
NIIF picks up two  Manipal Hospitals to TechM to flip panchang, use tech for weather prediction
Essel road assets for buy Columbia Asia in M RAMESH
Chennai, November 2 
National  Mission  for  Inter­
disciplinary  Cyber  Physical
nel  would  have  two  broad
elements: A panchang­based
estimated ₹2,000 crore  ₹2,100­cr transaction  Tech  Mahindra’s  Maker’s
Lab is working on a weather
Systems. 
At  times  the  panchang
model  “to  provide  sugges­
tions on an overall level in a
OUR BUREAU channel  that will  also  use has been right and the IMD given  area”  and  an  “IoT
OUR BUREAU Bengaluru, November 2 “age­old  wisdom”  for prediction  wrong,  she  told sensor­based tool to capture
Mumbai, November 2 Manipal Hospitals’ bid to expand its footprint providing  well­in­advance BusinessLine today.  various  parameters  such  as
Almost a year since it first initiated talks, the has  received  a  boost  with  the acquisition  of forecasts — the panchang. The  rationale  behind  the wind  direction,  rainfall,
Subhash Chandra­backed Essel Group has sold Columbia Asia Hospitals for ₹2,100 crore. The  ‘pi’,  or  ‘panchang in­ project  is,  while  there  are temperature and humidity.
two  road  assets  —  Essel The  Columbia  Asia telligence’,  is  at  an  ad­ many  weather  prediction Maker’s Lab is working on
Devanahalli  Tollway  and chain  has  11  hospitals vanced  stage  of models,  there  is  hardly  any several  other  products  for
Essel  Dichpally  Tollway  — across  the  country.  With development. that  gives  well­in­advance precision  agriculture  as
to  the  National  Invest­ this  acquisition,  Manipal According  to  Kanchan forecasts. “But farmers have well. One is a ‘modern scare­
ment  and  Infrastructure Hospitals will have 27 hos­ Bhonde,  who  heads  ‘ag­ to plan a lot in advance. This crow’,  a  camera  that  will
Fund  (NIIF).  Financial  de­ pitals in 15 cities with over ritech research and product kind  of  information  is  not identify  an  intruding  an­
tails  were  not  disclosed, 7,300  beds  and  access  to strategy’  at  Maker’s  Lab,  ef­ easily available.”  imal  or  bird  and  sound  it
but industry watchers peg over  4,000  doctors  and fort  is  on  to  compare However,  there  are  differ­ away; and a hologram solu­
the  deal  size  at  ₹2,000 10,000­plus  employees. weather  predictions  made ent  almanacs  that  have tion to project a human im­
crore.  The  deal  will  pare About  50  per  cent  of  the in the annual panchangs go­ their  own  approaches  to ence? “We are aware of that the  weather  channel  the age. Other products include
the Essel Group’s debt, which stood at ₹7,000 deal will be funded through equity and the rest ing  back  decades  with  the weather prediction. Maker’s (viewpoint),”  says  Bhonde. company  would  come  up a data  bank  of  pests  and
crore in October 2019, substantially.  via debt, sources close to the hospital chain said. actual weather events.  Lab  researchers  are  analys­ She  notes  that  panchangs with shall provide forecasts their natural predators and
The acquisition, routed via NIIF Master Fund, Manipal  was  advised  by  Allego  Capital  while “We  are  seeing  some  in­ ing them all, Bhonde said. themselves  were  products based on multiple sources — an  app,  called  Darpan,  to
marks NIIF’s entry into the roads and highways Columbia Asia was advised by Morgan Stanley.  teresting  results,”  Bhonde The  idea  is  to  bring  in  an of  “data  science  of  those panchang, the IMD as well as provide  personal  income
sector. The acquired projects will be managed “Manipal  Hospitals  group  has  always  been said  at  a  recent  webinar  on app.  You  punch  in  a  date days”, and built on the basis data  from  IoT­connected and  expenditure  details  for
by  Athaang  Infrastructure,  NIIF’s  proprietary scouting for healthcare brands. In this regard precision  agriculture,  or­ and a location, and the app of  innumerable  observa­ devices,  sensors  and  other a farmer,  with  a  provision
roads  platform.  NIIF  is  a  collaborative  invest­ Columbia Asia fitted well in terms of medical ganised by Pravartak, a tech­ will  tell  you  what  the  pan- tions.  instruments. for  telling  apart  farm­re­
ment  platform  anchored  by  the  Centre,  and expertise, access to latest technology and team nology innovation hub hos­ chang­prediction is. But  Tech  Mahindra  is  not Accordingly,  Tech lated  and  household in­
manages $4.3 billion across three funds.  of paramedics,” a source said. ted by IIT­Madras, under the Sounds  like  pseudo  sci­ stopping  with  panchang; Mahindra’s  weather  chan­ come and expenditure.
Details p2 Details p2

CM . . . .. . .....
YK
 CHENNAI

2 NEWS BusinessLine 
TUESDAY • NOVEMBER 3 • 2020

Essel Group sells 2 road assets to NIIF In ₹2,100­cr deal, Manipal Hospitals ASM Tech 

buys Semcon’s
₹2,000­crore deal lion across its three funds — mas­
ter fund, fund of funds and stra­
of which six are annuity projects
in  a  combination  of  national
acquires Columbia Asia Hospitals  offshore delivery
marks infra fund’s  tegic opportunities fund. and State highways. OUR BUREAU come Columbia Asia Hospitals to centre in India 
entry into road, Essel Devanahalli Tollway is a Bengaluru, November 2 the Manipal family and proudly
22­km six­lane  toll  road  in Debt repayment Manipal Hospitals’ bid to enlarge acknowledge  its  outstanding OUR BUREAU
highways sector Karnataka,  connecting Industry  sources  told  Business- its  healthcare  footprint  has  re­ track record of healthcare deliv­ Bengaluru, November 2
Bengaluru city and the airport. It Line that Essel was looking at an ceived a major boost, with its ac­ ery of a very high standard over ASM Technologies Ltd, a global en­
OUR BUREAU is a part of NH­44 and has been enterprise  valuation  in  the quisition  of  Columbia  Asia  Hos­ the years. Columbia Asia makes a gineering and product R&D com­
Mumbai, November 2 in  operation  for  over  six  years. range of ₹11,000­12,000 crore for pitals for ₹2,100 crore. compelling  strategic  fit  to  our pany,  said  it  has  acquired  Sem­
Almost a year since it first initi­ Essel  Dichpally  Tollway  is  a  60­ all these road assets. In addition Columbia Asia Hospitals has 11 core values of clinical excellence, con’s offshore delivery centre in
ated talks, the Subhash Chandra­ km four­lane toll road in Telan­ to  NIIF,  Essel  Infraprojects  has hospitals across India. With this patient­centricity  and  ethical India. Semcon, headquartered in
backed  Essel  Group  has  man­ NIIF submitted a bid for these gana and has been in operation already sold three of its road pro­ acquisition,  Manipal  Hospitals Columbia Asia Hospitals has 11 practices,  and  will  help  us  ad­ Sweden, is an international tech­
aged to sell off two road assets — projects in September 2019 for over seven years, connecting jects to Caisse de dépôt et place­ will have 27 hospitals across 15 cit­ hospitals across the country vance  our  commitment  to nology company that helps  cus­
Essel Devanahalli Tollway and Es­ Hyderabad  and  Nagpur.  “Ath­ ment  du  Québec,  Canada’s ies with over 7,300 beds and ac­ provide  outstanding  patient tomers  transform  technology
sel Dichpally Tollway — to the Na­ The  acquisition  also  marks aang  will  invest  in  strategic  as­ second­largest fund manager, in cess  to  over  4,000  doctors  and ise,  access  to  latest  technology care.” into excellent user experiences.
tional  Investment  and  Infra­ NIIF’s  entry  into  the  roads  and sets and develop a portfolio in­ a deal  valued  at  about  ₹3,500 over 10,000 employees. About 50 and team of paramedics,” a per­ Dan Baty, Chairman, Columbia A statement  from  ASM  said
structure Fund (NIIF). This is the highways  sector,  and  the deal cluding  mature  operational crore. Also, in August 2019, Essel per cent of the payment will be son familiar with the deal said. Pacific Management said, “From Semcon works with a large num­
first  investment  by  NIIF  in  the was done through the NIIF Mas­ assets,  hybrid  annuities,  large­ sold off its solar assets to Adani funded  through  equity  and  the Columbia Asia Hospitals is one day one, we focussed on building ber of clients in the automotive
road and highways sector. ter Fund. The acquired projects size  expressways  and  highways Green Energy Limited for an en­ rest  through  debt,  sources  said. of the first healthcare companies a culture  of  putting  the  patient industry, energy and life science
Financial details of the trans­ will be managed by Athaang In­ with greenfield and brownfield terprise value of ₹1,300 crore. Manipal  Health  Enterprise  was to  enter  India  through  100  per first to deliver the highest quality sectors. With the acquisition, ASM
action  were  not  disclosed,  but frastructure,  NIIF’s  proprietary expansion  requirements,” Additionally, last year the Essel advised  by  Allego  Capital  while cent  FDI.  The  Columbia  Asia healthcare with integrity and ex­ will benefit from a combined tal­
industry watchers peg this deal roads  platform,  backed  by  a Vinod  Giri,  Managing  Partner, Group also put on the block two Columbia  Asia  was  advised  by Group is owned by more than 150 ceptional  service.  This  combina­ ent pool with domain expertise in
to be around ₹2,000 crore. The team of experienced profession­ NIIF said. operating transmission lines to Morgan Stanley, for the deal.  private  equity  companies,  fund tion  of  Columbia  Asia  and diverse industry verticals. 
deal  also  marks  a  reduction  in als, it said in a statement. NIIF is a In  September  2019,  NIIF  had repay the debt. Last month, in an “Manipal Hospitals group has management  organisations  and Manipal Hospitals is very exciting ASM  and  Semcon  have  also
the  debt  of  Essel  Group  by collaborative  investment  plat­ submitted a binding bid to pur­ attempt  to  recover  dues  of always been scouting for health­ individual investors.  because  of  the  strong  cultural entered into a global cooperation
around ₹3,000 crore. In October form  for  international  and  do­ chase these road projects. Essel’s ₹1,500 crore, YES Bank put prime care  brands.  In  this  regard, Ranjan Pai, Chairman, Manipal alignment between the two com­ agreement to provide Semcon ac­
2019,  Essel  had  debt  of  ₹7,000 mestic  investors  anchored  by infrastructure  arm,  Essel  In­ properties  of  Essel  Group  on Columbia  Asia  Hospitals  fitted Education  and  Medical  Group, panies — and the opportunity it cess to India’s scale and capability
crore.  the Centre, and manages $4.3 bil­ fraprojects, has 14 road projects, sale. well in terms of medical expert­ said: “We are very pleased to wel­ provides for continued growth.” base for engineering services. 

NTPC consolidated net slips 7.75% Escorts Q2 profit more At ₹236 crore, Ramco Cements

Share buyback at than doubles to ₹227 crore posts its highest­ever quarterly net
₹115 a scrip okayed OUR BUREAU Nanda,  Chairman  and  Man­
New Delhi, November 2 aging Director, Escorts, said. OUR BUREAU Karnataka, Andhra Pradesh and
OUR BUREAU Agriculture,  construction Chennai, November 2  Telangana  during  August  and
New Delhi, November 2 and railway equipment man­ Positive macro factors Ramco  Cements  registered  its September  2020.  Even  though
NTPC  Limited  reported  a ufacturer  Escorts  Ltd  on He  said  the  momentum  in highest­ever net profit, best­ever the company has grown in east­
₹3,494.61­crore  consolidated Monday reported a consolid­ the  agriculture  sector  is  ex­ EBITDA  and  EBITDA  per  tonne ern markets, heavy rains affected
profit for the second quarter of crore as a part of capital restruc­ tice of Award to supply a DeNOx ated net profit of ₹227 crore pected  to  continue,  suppor­ during the September quarter of the growth rate. However, the de­
FY21. This is 7.75 per cent lower turing.  system to NTPC for its  Barauni for the second quarter ended ted  by  positive  macro­eco­ this fiscal helped by better prices mand is expected to pick up in
than  the  ₹3,788.11  crore  repor­ The gross generation of NTPC Thermal  Power  Plant  (2X250 September  30,  more  than nomic factors. and cost control measures, des­ the coming quarters, said a com­
ted by the company in the same in  the  first  half  of  the  current MW) in Bihar. “This project has double the net profit of ₹101 “We also hope that supply pite a drop in volumes.  pany statement. 
period of the fiscal 2019­2020. fiscal was 127.86 billion units as an  order  value  of  ₹12.78  crore. crore  in  the  corresponding chain challenges would sub­ The company’s profit after tax AV Dharmakrishnan, CEO, “Our robust R&D process and
Despite the fall in profit, con­ against 130.14 billion units dur­ GEPIL  will  set  up  the  combus­ period last year. side after a month or so. We stood  at  ₹236  crore  for  the Ramco Cements relentless marketing efforts have
solidated  total  income,  at ing  the  corresponding  period tion  modification  technology Revenue  from  operations have also started witnessing quarter  ended  September  30, fostered in development of niche
₹28,677.64  crore,  during  the of the previous fiscal. NTPC coal for all the steam generators in of the company also grew by some  positive  development 2020 compared to ₹168 crore in the quarter ended September 30, markets for premium products
quarter under review was 7.94 stations  achieved  a  plant  load Barauni stage­II, Unit 8 and 9 to 24 per cent year­on­year (y­o­ in the construction and rail­ the year­ago period, registering 2020 was ₹2,035 as against ₹1,118 in line with our strategy of right
per  cent  higher  than  the factor (PLF) of 61.26 per cent in meet the NOx emission limit of y) to ₹1,654 crore during the way  equipment  space  now an increase of 40 per cent.  in the year­ago quarter. Stability products  for  the  right  applica­
second quarter of last year. Con­ the first six months of this fiscal 450  mg/NM3  to  comply  with quarter  as  compared  with and  hopefully  we  will  see  a Ramco Cement’s revenue (net in cement prices, improved sale tions,  which  have  achieved  tre­
solidated  total  expenses  were as against the National Average the  Indian  environmental  re­ ₹1,334  crore  in  July­Septem­ full recovery soon. In all our of GST) fell 5 per cent at ₹1,265 of  its  flagship  products  and mendous  acceptance  from  its
also higher at ₹24,429.68 crore PLF of 49.58 per cent, the state­ quirement,” it said. ber quarter last year. business  segments,  we  are crore  as  against  ₹1,326  crore  in premium products in the trade customers graduating the com­
in Q2 during the current fiscal, ment added. “All  the  major  components “The  Agri  sector  has  been optimistic  for  the  coming the year­ago period due to lower segment have played out well for pany from a cement maker to a
from  ₹22,580.2  crore  in  the The  NTPC  group  has  an  in­ for the project will be manufac­ on an unprecedented boom. quarters,” Nanda added. volumes. Its sales dropped by 19 the overall improvement of real­ complete cement solutions pro­
comparable quarter of the pre­ stalled capacity of 62,910 MW as tured  in  India.  GE’s  Durgapur Maintaining  highest  safety The  company  sold  24,441 per  cent  to  22.13  lakh  tonnes isations.  vider,” said AV Dharmakrishnan,
vious fiscal. on 2 November, 2020. facility in West Bengal will sup­ measures  and  working units  of  tractors  in  the (27.24 lakh tonnes). However, its CEO, Ramco Cements.
An  NTPC  statement  said  the ply  the  pressure  parts  and closely  with  our  partners  to September  quarter  as EBITDA increased by 48 per cent Rain impact During  H1  of  this  fiscal,  the
board  of  directors  has ap­ Barauni power plant other components will also be work  around  supply  chain against  19,750  units  in  the at  ₹450  crore  as  against  ₹304 The sale was impacted mainly be­ company  incurred  a  capex  of
proved  the  buyback  of  up  to Another statement on Monday procured  locally  from  various challenges,  the  demand  for corresponding  period  last crore in the year­ago quarter on cause of lockdown, restricted ac­ ₹685 crore in the ongoing expan­
19.79 crore equity shares at ₹115 said  that  GE  Power  India  Lim­ sub  vendors,”  the  GEPIL  state­ our  tractors  has  so  far  out­ fiscal, a growth of 24 per cent account of improved margins. cess in containment zones,  and sion.  The  balance  capex  is  ₹881
for  an  amount  up  to  ₹2,275.75 ited (GEPIL) has received a No­ ment added. paced  our  supplies,”  Nikhil y­o­y. Blended EBIDTA per tonne for unusually heavy rains in Kerala, crore for the same expansion. 

Zydus Cadila standalone Whirlpool India Hindustan Coca­Cola Beverages L&T emerges lowest bidder 

net up 17% at ₹473 cr in Q2 Q2 profit up 4.6% 
FY20 net zooms to ₹974.52 crore for part of Bullet Train project
Company reduces that it has strengthened its fin­ OUR BUREAU
VENKATESH GANESH struction  of  civil  and  build­
ancial position over the past six New Delhi, November 2 MEENAKSHI VERMA AMBWANI cise, announced by the com­
net debt by 40%  months  by  significantly  redu­ Whirlpool of India posted a con­ New Delhi, November 2 pany  in  December,  included
Mumbai, November 2 ing  works  —  even  testing
OUR BUREAU cing  its  net  debt  by  ₹2,709 solidated  net  profit  of  ₹134.67 Hindustan  Coca­Cola  Bever­ sale  of  its  three  bottling L&T  has  bagged  another and  commissioning  on  a
Ahmedabad, November 2 crore;  the  net  debt  as  on crore  in  the  quarter  ended ages Pvt Ltd (HCCB), the bot­ plants  at  Dasna,  Varanasi construction package of the design­build  lump­sum
Cadila  Healthcare  Limited  (Zy­ September  30,  2020  stood  at September 30, up 4.64 per cent. tling  arm  of  The  Coca­Cola and  Jammu  to  its  existing bullet  train  project  for  an price  basis  for  the  double­
dus Cadila) on Monday posted ₹4,031 crore, about 40 per cent The company had posted a con­ Company  in  India,  wit­ franchise  bottling  partners. estimated  value  of  ₹7,000 line  high­speed  railway  in­
standalone  net  profit  at  ₹473 lower than the  ₹6,740 crore as solidated  net  profit  of  ₹128.70 nessed  a  massive  surge  in With  this,  the  company  ex­ crore. volving  87.5  km  of  viaducts
crore  for  the  second  quarter on March 31, 2020.  crore  in  the  corresponding net  profit  in  the  financial ited  bottling  operations  in According  to  industry and  bridges,  25  crossing
ended  September  2020,  about On  consolidated  basis,  com­ period  of  the  previous  fiscal. year  ended  March  31,  2020, North  India  and  now  oper­ sources,  L&T  has  emerged bridges,  a  tunnel,  97.50  km
17 per cent higher than the ₹398 pany’s net profit for the second Consolidated revenue from op­ owing  to  divestment  of  its ates 15 bottling plants in the as the lowest bidder for the of  roads,  one  station,  a
HCCB sold three bottling units
crore it reported in the previous quarter  stood  at  ₹473  crore  as erations  stood  at  ₹1,599.47 bottling operations in North country. C6 package for the Mumbai­ maintenance  depot,  four
to existing franchise partners
quarter. against ₹454 crore in the previ­ crore,  up  14.78  per  cent  in  the India  to  its  franchise  bot­ Earlier  this  month,  the Ahmedabad  High  Speed sub­maintenance  depots,
The  second  quarter  showed ous  quarter.  Consolidated  rev­ quarter under review.  tling partners. as  going  concern,  and  the beverage  major  appointed Rail  Project,  popularly  re­ and  a  host  of  other  associ­
strong  recovery  in  its  US  busi­ enues  from  the  operations The company said that tax ex­ The  company  reported  a same has been shown separ­ Neeraj  Garg  as  the  new  CEO ferred  to  as  the  Bullet  Train ated structures. 
ness,  which  grew  by  about  18 stood  at  ₹3,820  crore  for  the penses for the period, and con­ net profit of ₹974.52 crore in ately under exceptional item of  Hindustan  Coca­Cola project,  from  the  National Other  bidders  for  this
per  cent,  while  its  India  busi­ quarter under review as against sequently  the  profit  after  tax, FY20  compared  to  ₹321.68 in financials.”  Beverages Ltd, effective Janu­ High­Speed  Rail  Corpora­ package  which  included  a
ness grew by about 11 per cent ₹3,640 crore.  was  not  comparable  with  the crore  in  FY19,  according  to “Reported  revenue  from ary 1.  tion  Limited.  Recently,  the consortium  of  AFCONS  In­
over the same quarter last year.  corresponding  period  in  the financial  data  sourced  from operations  stood  at  ₹ “We  are  seeing  recovery engineering  procurement frastructure  Limited­IRCON
The  company’s  standalone Covid vaccine trial previous  fiscal.  In  a  BSE  filing, business  intelligence  plat­ 9,788.91 crore (in FY20), up 4 across  our  portfolio  and construction  (EPC)­major International  Limited­JMC
revenues  from  operations Sharing an update on the initi­ Whirlpool  India  said  that  it form Tofler. per  cent  compared  to channels.  At­home  con­ emerged  as  the  lowest  bid­ Projects India; and a consor­
stood  at  ₹2,057  crore  for  the atives  to  fight  Covid­19,  Zydus “had decided to exercise the op­ In  an  emailed  response  to ₹9,427.45  crore  in  the  previ­ sumption  has  obviously  im­ der at ₹24,985 crore for con­ tium  of  NCC  Limited­Tata
quarter under review, as against Cadila informed that it will be tion  permitted  under  section BusinessLine,  Melvin  Tan, ous  year.  Comparable  rev­ proved and with the gradual structing  the  237.1  km  un­ Project  Ltd­J  Kumar  Infra
₹1,796  crore  in  the  previous completing the pre­clinical de­ 115BAA of the Income Tax Act, 1 Chief  Financial  Officer, enue  growth  for  the  same opening  up  eating  and  en­ der  Package  C4  of  the Projects  Ltd­HSR,  according
quarter.  velopment on ZYIL 1, a small mo­ 961...  which  contributed  to  in­ HCCB, said that the company period  after  adjusting  for tertainment  points,  we  are 508.17­km rail corridor. to  multiple  sources  in  the
In a statement after the com­ lecule NCE positioned for man­ crease  in  profit  after  tax  by “has  earned  ₹571.1  crore  on North  is  7  per  cent  during hoping  to  see  a  recovery  in The  latest  C6  package know.  When  contacted,  L&T
pany’s  board  meeting  on agement of critically ill Covid­19 ₹19.80 crore during the quarter account  of  profit  on  sale  of the year,” Tan added. the  away­from­home  chan­ that  L&T  has  bagged  in­ officials  declined  to
Monday, Zydus Cadila informed patients. ended September 30, 2019.” the  north  territory  business This  refranchising  exer­ nel also,” HCCB added.  cludes  the  design  and  con­ comment.

We were on the right side of the pandemic: Britannia MD JSW Steel hopes to close
ABHISHEK LAW nia witnessed volume growth changes  in  labour  laws  and straight  years  of  good  mon­ around 30­35 per cent. Again, BPSL deal this quarter 
Kolkata, November 2SS across categories. The biggest others,  evolving  consumer soons  have  worked  well  to­ the  two  good  years  of  mon­
Britannia Industries reported part  was  identifying  areas behaviour and attitude when wards maintaining a high de­ soons  that  we’ve  had,  have SURESH P IYENGAR immunity from the ongoing in­
a stellar set of numbers in the where the rebound would be it  comes  to  preferred  chan­ mand trajectory. helped create a more positive Mumbai, November 2 vestigation  against  the  pro­
September  quarter, with  con­ faster.  We  expanded  our nels  of  purchase,  SKU  sizes Urban markets continue to consumption  environment After  executing  the  resolution moter of BPSL, Sanjay Singal, un­
solidated  sales  increasing  by reach  in  rural  areas  from and  assortments,  and be  relatively  more  hit  by  the in rural areas. plan of Asian Colour Coated suc­ der  the  Prevention  of  Money
over 12 per cent and net profit 19,000  rural  preferred  deal­ product  innovation.  Our pandemic;  but  are  slowly Modern  trade  channels cessfully, JSW Steel expects the Su­ Laundering Act. In February, the
by  23  per  cent.  EBITDA  in­ ers  in  March  to  22,000.  We strategy  will  remain  nimble picking up. continued  to  be  rather  tepid preme Court to pronounce its fi­ NCLAT  provided  the  immunity
creased  37.2  per  cent  y­o­y to will continue to add rural dis­ and  dynamic  to  adapt  to In terms of pack sizes, rural this  quarter  and  sales  there nal verdict in the Bhushan Power and  approved  JSW  Steel  resolu­
₹680  crore  (EBITDA  margins tributors  to  make  sure  that evolving  consumer Z Y is  still  more  LUP  (low  unit are on a relatively slow track, and  Steel  insolvency  case  on tion plan. However, the Enforce­
expanded  361  basis  points), our coverage increases. paradigms. As out-of-home pack)­dominant, while family single  digits  and  very  low.  A Tuesday, and complete the deal ment Directorate moved the Su­
while  gross  margin If  you  look  at  the In the current scenario, it’s consumption picks up in packs  or  larger  SKUs  and part of that has to do with the before the end of this quarter. preme Court challenging NCLAT

O
expansion  was  176 economy, there was a tough  to  predict  a  growth the coming quarters, premium  offerings  continue fact that people are still hesit­ BPSL’s insolvency proceedings authority  to  provide  immunity
basis points. contraction of nearly number.  Yes,  growth  will  be volume growth will to  be  popular  in  urban ant in visiting crowded places has been on for three years, and to JSW Steel in the case.
In  an  interview 24  per  cent  in  the coming  back,  and  we  should inevitably taper off. This is centres.  We  are  also  demo­ like hypermarkets. the  ₹19,700­crore  resolution Last July, state­run lender Pun­
with BusinessLine, GDP.  From  a  growth be  at  par  or  better  than  pre­ expected to happen cratising  some  of  our On  the  other  hand,  neigh­ plan of JSW Steel  was approved jab National Bank declared loan
Varun  Berry,  Managing  Dir­ standpoint,  the  time  is  right Covid­19 levels in the next six­ premium  offerings  by  mak­ bourhood  stores  or  general by NCLT in September, 2019. exposure of ₹3,805 crore to bank­
VARUN  BERRY
ector,  Britannia  Industries, for the government to invest, eight  months,  and  the  coun­ Managing Director ing  them  available  in  small trade  remains  very  robust Seshagiri Rao, Joint Managing rupt BPSL as fraudulent and filed
talks  about  economic  recov­ to  look  at  infrastructure  pro­ try’s economy and the indus­ Britannia Industries packs  for  lower­income and  there  is  double­digit Director,  JSW  Steel,  said  the  Su­ a case in the ED against the com­
ery,  consumer  trends,  trade jects, to look at the agenda of trial  stability  and  output Z
Y consumers. growth  there.  Mom­and­pop preme Court is expected to give pany’s  promoters.  The  ED  had
channels and inter corporate improving  employment should  be  in  tune  with  each stores  are  also  stocking  up, its  verdict  on  Tuesday,  and  the not only attached the properties
deposits  (ICDs).  Edited rates, and make sure the eco­ other  then.  We  are  confident cencies  businesses  too  de­ What  about  trade which  includes  LUPs  in  smal­ company will make the payment under  insolvency  but  also
excerpts: nomy  gets  a  kick  start.  The of  performing  well  in  these livered  a  healthy,  profitable channels,  have  they ler  towns  and  family  packs after the order is published. dragged JSW Steel into the invest­
Centre is rolling out different challenging  times  with  agil­ growth.  Categories  like  rusk, normalised? for larger ones. “We hope to close the deal this igation  as  it  a  had  tie­up  with
What  is  your  take  on  the stimulus measures, and these ity, adaptability and passion. cheese,  crème  wafers  and In  the  second  quarter,  we quarter once the verdict is pro­ BPSL  in  a  mining  venture.  JSW
economic  recovery  and will  take  some  time  to  play some  other  segments  are  do­ have  also  seen  very  good Britannia  continues  to  have nounced  as  the  funds  required Steel  dismissed  the  contention
how  is  Britannia  placed? out; the impact should hope­ Volume  growth  for  the ing very well. We see great op­ growth  in  the  traditional an  overhang  of  ICDs  to  the for  the  acquisition  has  already on the mining joint venture stat­
There  are  companies  which fully  be  seen  over  the  next biscuit  segment  seems  to portunities there. trade  (kiranas).  This  channel tune  of  ₹700  crore  or  so. been tied up,” he added. ing that the mine was allotted by
were on the wrong side of the few  quarters.  So,  by  next be  tapering  off.  Your has  always  remained  our Your  comment. The case was last listed in Su­ the government to a consortium
pandemic,  and  then  there fiscal, we can expect a revival comment. Any  post­Unlock trends dominant  channel  and  a There  is  no  worry  on  that preme  Court  for  hearing  on of four companies, and the allot­
were others who found them­ in GDP growth. As  out­of­home  consumption that  you  notice? huge  driver  of  competitive front.  Repayments  are  hap­ September 24 but could not be ment has since been cancelled.
selves  on  the  right  side.  We, picks up in the coming quar­ Rural  continues  to  be  a advantage.  Within  the  tradi­ pening  on  time  with  no  de­ taken  up  as  the  Registrar  sud­ Meanwhile,  Singal  had  ques­
luckily, were on the right side Can  you  peg  a  growth ters, volume growth will inev­ strong  growth  driver  for  bis­ tional  trade,  we’ve  been  con­ fault. As you know, these ICDs denly pruned the list of cases for tioned  the  NCLAT’s  decision  to
of the pandemic. outlook  for  FY21? itably  taper  off.  This  is  expec­ cuits. We are seeing a consist­ sistently  growing  our  rural were made to group compan­ hearing. approve  JSW  Steel’s  bid  despite
In Q1 (June quarter) and Q2 We are keeping a close watch ted  to  happen.  However,  for ent  premiumisation  of  port­ business, and today, the rural ies.  Our  exposure,  through Following NCLT approval, JSW the ED attaching BPSL’s asset un­
(September  quarter),  Britan­ on  macro­economic  factors, us,  apart  from  biscuits,  adja­ folio,  and  factors  like  two share  of  our  business  is  at ICDs, remains fairly stable. Steel moved the NCLAT seeking der the PMLA.

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BusinessLine
TUESDAY • NOVEMBER 3 • 2020 3

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4 BANKING BusinessLine 
TUESDAY • NOVEMBER 3 • 2020

‘We will continue to keep rates higher to acquire customers’ Altico Capital
defaults on ₹6­cr 
RADHIKA MERWIN
Chennai, November 2
good strategy? In hindsight,
do you think MFIs 
even  before  Covid.  Barring
that,  all  other  segments
Hence,  in  April  and  May,  we
offered  moratorium  to  every­
levels of business.  that  segment  may  take  some
time  to  come  back  to  nor­
provisions  in  the  September
quarter. But ₹145 crore of pro­
interest payment 
Equitas Small Finance Bank – the converting into SFBs has should  see  disbursements  re­ one so they are not troubled by But in some segments such malcy.  visions  itself present  a  strong OUR BUREAU
banking subsidiary of Equitas augured well for them? cover to normal levels.  payment of instalments. So, we as vehicle finance, collection level  of  provisions  at  0.9  per Mumbai, November 2
Holdings – listed at a discount to We have been very clear in our had 90 per cent of our borrow­ efficiency is still lower  Can you throw some light on cent of loans.  Altico  Capital  India,  on
the IPO price of ₹33 per share on strategy  right  from  the  start. According to your latest ers taking the moratorium in at 88 per cent? Do see the impact of asset Monday,  said  it  has  defaulted
Monday.  We  intended  to  diversify  our update, post the April­May.  any concern there? classification standstill The company has performed on  interest  payments  aggreg­
The IPO was mainly to meet assets, and we will continue to moratorium (August 31), We  were  not  worried  be­ In  the  vehicle  finance  seg­ (owing to Supreme Court well on the liability front so ating ₹5.91 crore on October 31
the RBI’s regulatory norms that do so in the future. collections stand at  cause  we  believed  that  once ment,  the  light  and  small  CV order) and restructuring far. Will increasing the share to  five  financial  entities,  in­
require the banking subsidiary We  want  to  create  a  bank 94 per cent (paid EMIs either the lockdown is lifted and busi­ segments  have  started  doing requests?  of CASA significantly hereon cluding  State  Bank  of  India
to be listed within three years of that  is  professional  and  scal­ during September 2020 or nesses open, they would start very well. Only in the heavy CV On asset classification benefit, be a challenge? How  (SBI), Bank of Baroda (BoB) and
commencement of able for a long period of October 2020 or both paying the EMIs. And, we were seg­ ment,  the  levels we will be able to disclose that long will you continue to Aditya Birla Finance Ltd (ABFL).

O
operations and to time.  months). Is this a  proved right.  of freight number during the announce­ offer higher rates
reduce promoter We  are  happy  with satisfactory performance? In  October,  only  6  per  cent availab­ ment  of  the  September to garner deposits? Outstanding exposure 
(Equitas Holdings) the  diversification  we For Equitas, 90 per cent of the have not paid both the Septem­ ility  re­ quarter results. On restructur­ Our overall strategy on depos­ The  outstanding  exposure
stake in a staggered have  built  in  our  loan customers  are  from  the  in­ ber and October 2020 EMIs; of main  a ing,  we  have  approached  our its  will  remain;  we  will  con­ (principal)  of  these  five  entit­
manner. book,  and  we  believe  that  we formal economy, and we have this,  only  1  per  cent  is  unse­ chal­ customers  and,  as  of  now,  we tinue to offer relatively higher ies to the non­banking finance
With disbursements have  built  a  very  strong  plat­ built a good relationship with cured (MFI loans) and remain­ lenge, do not have too many requests. rates  than  traditional  banks. company  (NBFC)  is  ₹669.35
recovering significantly over the form,  which  will  be  scalable them over the years.  ing 5 per cent is secured loans. and We  expect  restructuring  re­ Deposit  flows  have  continued crore.
past few months and collections over a long period of time.  So,  we  understand  the  cus­ So, we are very comfortable quests mainly from customers to be strong in the September As  per  Altico’s  regulatory
at 94 per cent, PN Vasudevan, tomer  segment  very  well  and with this level of collections. In in  the  heavy  CV  segment,  or quarter, too.  disclosure, SBI (Term Loan III/
MD and CEO, Equitas Small How have disbursements are  able  to  assess  their  cash the second half of the fiscal, we those running staff transport/ We will keep tinkering with Principal:  ₹250  crore/  Rate  of
Finance Bank, expects normalcy panned out in the last flows  and  credit  worthiness. should  get  back  to  normal school transport etc.  the rates, but for some time, we Interest: 10.15 per cent) has the
to return by the fourth quarter two months? Are they  will  continue  to  keep  rates highest exposure to the NBFC;
of the fiscal. Excerpts: close to pre­Covid levels? Equitas has made about  higher  to  acquire  customers. followed by BoB (₹233.33 crore/
Z
Y
No, we are yet to come back to We intended to diversify our assets, and we ₹145 crore of Covid­related Over a period of time, we will 10.70 per cent); ABFL (TL I: ₹80
Equitas has been among the normal  levels.  By  fourth will continue to do so in the future. We provisions so far (until June ensure  that  they  also  avail crore  and  TL  II:  ₹40  crore/
well­diversified SFBs, with its quarter, we should be back to want to create a bank that is professional
quarter). Will this suffice to other  services so  that  we  can 10.50 per cent for both loans);
non­MFI portfolio at 77 per normal  levels.  The  MHCV  seg­ absorb losses on account of build a sticky relationship. So, Edelweiss  ARC  (TL  II:  ₹43.75
and scalable for a long period of time
cent of loans. Do you think ment (about 5 per cent of total higher delinquencies? when we drop rates over time, crore/ 9.95 per cent); and ACRE
branching out of high­ loans)  will  take  longer  to  re­ PN  VASUDEVAN The board will decide whether we  should  be  able  to  retain ARC  (₹22.27  crore/  10.05  per
MD  and  CEO,  Equitas  Small  Finance  Bank
yielding MFI loans was a cover  because  there  was  pain Z
Y we  need  to  make  additional customers. cent).

PNB posts Q2 profit of ₹621 cr  Bandhan Bank
OUR BUREAU last fiscal in view of the three­ Q2 net falls 5%  HDFC Q2 profit falls 27% to ₹2,870 cr Aditya Puri joins
Carlyle Group
New Delhi, November 2
Aided  by  lower  provisioning
way  amalgamation  from
April  1,  PNB  said  in  a  filing
OUR BUREAU
Kolkata, November 2
OUR BUREAU
Mumbai, November 2
ment on Monday. HDFC CEO
and  Vice­Chairman  Keki
September 30 were at 95 per
cent  levels  of  the  previous
as senior advisor
for  bad  debts,  PNB,  on with the stock exchanges. Dragged down by higher provi­ Mortgage  lender  Housing Mistry  also  said  there  has year.  OUR BUREAU
Monday,  reported  a  stan­ For  the  six  months  ended sioning,  Bandhan  Bank  repor­ Development  Finance  Cor­ been no dip in profits, but in “The  months  of  Septem­ Mumbai, November 2
dalone net profit of ₹621 crore September 30, 2020, PNB has ted a near 5 per cent drop in net poration  (HDFC)  Ltd  repor­ fact,  it  is  higher  than  the ber  and  October  2020  have Days after he retired from HDFC
for the second quarter ended reported a net profit of ₹929 profit  at  ₹920  crore  for  the ted a 27.5 per cent decline in same  period  last  fiscal  after seen  the  strongest  recovery Bank,  Aditya  Puri  has  joined
September 30. This was more crore. The bank had recorded quarter  ended  September  30, standalone  net  profit  in  the doing  away  with  dividend since  the  outbreak  of  the Carlyle Group in Asia as senior
than double the net profit of a net profit of ₹1,526 crore in 2020, against ₹972 crore in the second  quarter  of  the  fiscal income,  profit  on  sale  and pandemic,”  said  HDFC, advisor.  “Puri  will  advise  the
₹308  crore  recorded  in  first same period last fiscal. same period last year. at ₹2,870.12 crore when com­ investments,  and  employee adding  these  trends  are  in­ Carlyle team on investment op­
quarter of this fiscal. For  the  second  quarter Total  provisioning  increased pared  to  ₹3,961.53  crore  in stock option provisions.  dicative  that  business  is  re­ portunities across Asia. Puri will
ended  September  30,  2020, by  nearly  171  per  cent  at  ₹395 the same period a year ago. verting to pre­Covid levels.  provide  guidance  on  the
Amalgamation PNB  had  recorded  a  total  in­ crore during the quarter under “To facilitate a like­for­like Total revenue falls Keki Mistry, HDFC CEO “Demand  for  individual evolving market landscape and
It  may  be  recalled  that  the come  of  ₹23,439  crore,  lower review when compared to ₹146 comparison,  after  adjusting For  the  July  to  September and Vice­Chairman  housing loans was a lot bet­ new  investment  opportunities,
country’s second­largest pub­ than ₹24,293 crore in the first crore  during  the  year­ago dividend, profit on sale of in­ 2020  quarter,  HDFC’s  total ter  than  what  we  had  envis­ while also advising Carlyle’s in­
lic sector bank had, from April quarter of this fiscal. PNB had period. vestments, fair value adjust­ revenue from operations fell including  provisioning  for aged,” Mistry told reporters, vestment  professionals  and
1 this year, amalgamated two recorded  total  income  of During the quarter, the bank ments, net gains on loans as­ by  13  per  cent  to  ₹11,727.96 the  impact  of  Covid­19,  was adding  that  the  growth  was portfolio  management  teams
PSBs  –  Oriental  Bank  of  Com­ ₹15,557  crore  in  second took accelerated additional pro­ signed, charge for employee crore  from  ₹13,487.44  crore ₹436 crore. even better in October.  on building differentiated high
merce and United Bank of In­ quarter last fiscal. vision  on  standard  advances stock options and provision­ in  the  same  period  a  year During the second quarter He further said that he be­ quality  businesses,”  the  global
dia – with itself. Operating  profit  for  the amounting to ₹300 crore. With ing,  the  adjusted  profit  be­ ago.  this  fiscal,  individual  loan lieves this is the best time for investment firm said in a state­
For  the  second  quarter quarter under review came in this  provision  and  additional fore  tax  for  the  quarter The  net  interest  income application  receipts  grew  12 a person to buy a house due ment on Monday.
ended  September  30,  2019, at  ₹5,675  crore,  higher  than standard  assets  provision  that ended  September  30  is for  the  second  quarter  in­ per cent and approvals grew to  the  low  interest  rates, Puri was appointed as the first
PNB  had  recorded  net  profit ₹5,280  crore  in  first  quarter. the  bank  is  carrying  in  the  mi­ ₹3,366  crore  compared  to creased  by  21  per  cent  to by  9  per  cent  when  com­ lower  stamp  duty  in  some MD and CEO of HDFC Bank when
of  ₹507  crore.  The  latest  Q2 In  second  quarter  last  fiscal, cro banking portfolio, total ad­ ₹2,646 crore in the previous ₹3,647  crore  when  com­ pared to a year ago.  States,  as  well  as  discounts it  was  established  in  1994,  and
performance  is  not  compar­ the  operating  profit  stood  at ditional  provision  in  books year,  reflecting  a  growth  of pared  to  ₹3,021  crore  in  the Individual  disbursements being  offered  by  some he continued to lead the lender
able  with  the  same  quarter ₹3,562 crore. stands at ₹2,096 crore. 27 per cent,” it said in a state­ previous  year.  Provisioning, during  the  quarter  ended developers. until he retired on October 26.

RBI to increase trading hours for various markets  BusinessLine
Disclaimer: Readers are requested to verify
OUR BUREAU people and functioning of of­ ies; Foreign Currency (FCY)/In­ & make  appropriate  enquiries  to  satisfy
themselves  about  the  veracity  of  an
Mumbai, November 2 fices, it has been decided to re­ dian  rupee  (INR)  Trades,  in­ advertisement  before  responding  to  any
The  Reserve  Bank  of  India store  trading  hours  for  regu­ cluding  Forex  Derivatives; published  in  this  newspaper.  THG
PUBLISHING  PVT  LTD.,  the  Publisher  &
(RBI)  has  decided  to  increase lated  markets  in  a  phased and Rupee Interest Rate Deriv­ Owner of this newspaper, does not vouch
for the authenticity of any advertisement
trading  hours  for  various manner, the central bank said atives, will be increased to 10 or advertiser or for any of the advertiser’s
markets regulated by it by up in a statement. am to 3.30 pm from 10 am to 2 products and/or services. In no event can
the  Owner,  Publisher,  Printer,  Editor,
to  90  minutes  with  effect The timings of markets for pm. Director/s,  Employees  of  this  newspaper/
from November 9. call/notice/term money; Com­ The  timing  of  the  market company be held responsible/liable in any
manner whatsoever for any claims and/or
With  the  graded  roll­back mercial Paper and Certificates repo  in  government  securit­ damages  for  advertisements  in  this
newspaper.
of the lockdown and easing of of Deposit; Repo in Corporate ies will be increased by half an
restrictions  on  movement  of Bonds;  Government  Securit­ hour – 10 am to 2.30 pm. 

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BusinessLine
TUESDAY • NOVEMBER 3 • 2020 NEWS 5
eWay bill numbers at an  Demand from online
sellers seen reviving
GST COMPENSATION SHORTFALL
Jet Air: Kalrock­Jalan consortium pays
all­time high of 641 lakh Centre transfers 2nd tranche
OUR BUREAU
handicrafts exports
of ₹6,000 crore to States/UTs 
₹150 crore as ‘performance security’
New Delhi, November 2 OUR BUREAU ‘‘FORUM GANDHI this  amount  to  bind  the eur, Sanjay Mandavia of FSCT
New Delhi, November 2 Mumbai, November 2 party in a bond. This is to en­ who  had  placed  a  bid  along
The  Centre  on
Export  of  handicrafts,  which Amount borrowed row on behalf of the States for
As a fisrt step to acquiring Jet sure  that  the  bidder  doesn't with Imperial Capital.
Monday  said  Octo­ meeting  the  GST  Compensa­
was battered in the first quarter by Centre is being Airways, Kalrock Capital and withdraw its plan later. 
ber saw an all­time tion Cess shortfall. This will be
of the fiscal due to the disrup­ Murari  Lal  Jalan’s  consor­ Along with this, if the win­ The way ahead
high  in  eWay  bill on-lent to States done on the lines of the model
tion  caused  by  Covid­19,  may tium have deposited the per­ ning  bidder  is  unable  to  ex­ Ashish Chhawcharria, the RP
generation,  at adopted  for  funding  ‘extern­
see a revival now with a sudden formance  security  of  about ecute the proposed plan, the appointed  for  Jet  Airways
641  lakh.  Also, OUR BUREAU ally­aided projects’ through a
spurt  in  orders  from  online ₹150 crore.  amount is forfeited.  will now have to submit the
e­invoice  gen­ (gst.gov.in),  thus New Delhi, November 2 special  window.  It has  many
sellers  over  the  past  three The  last  date  for  making The Kalrock and Jalan con­ resolution  plan  before  the
eration reducing  the  compliance The  Centre  on  Monday  trans­ benefits for the States includ­
months,  say  exporters.  And, this payment is November 3.  sortium  had  placed  a  bid  of NCLT. 
reached  495 burden,” NIC said. On day one, ferred  the  second  tranche  of ing better interest rates (avoid
this could last well beyond the “The  selected  bidder  has nearly  ₹1,000  crore.  The Once the plan has been ap­
lakh in the first month of im­ 8.4 lakh e e­invoices were gen­ ₹6,000 crore to 16 States and differential rates). 
festive season, they add. submitted  the performance lenders  will  also  get  9.5  per proved by the NCLT, the bid­
plementation.  erated, which rose to 35 lakh on three Union  Territories  to Under option­I, States were
“Due to the pandemic, online security of ₹150 crore to the cent of equity in Jet Airways ders will then have to get ap­
eWay  bill,  like  a  challan, October 31.  meet the  GST  compensation to  be  provided  a  special  win­
sellers have now started doing a Resolution  Professional,”  a along with 7.5 per cent equity provals from the Ministry of
shows  goods  are  moved shortfall  under  the  special dow of borrowing of ₹1.1­lakh
lot of business. This is favouring source  close  to  the  develop­ in  loyalty  rewards  company Civil Aviation.
from  one  place  to  another Hassle-free generation borrowing mechanism. crore,  and  over  and  above
handicraft  exporters  from  In­ ment told BusinessLine. InterMiles (formerly Jet Priv­ Sources have said that the
after  the  requisite  tax  pay­ The  feedback  from  taxpayers that,  an  authorisation  for  ad­
dia.  Most  of  the  online  sellers Under the norms of the In­ ilege).  plan is likely to be submitted
ment. It is mandatory for the has been good, and the genera­ Borrowing by Centre ditional open market borrow­
have  exhausted  their  stocks solvency  and  Bankruptcy The  consortium  had  out­ to  the  NCLT  in  the  coming
movement  of  goods  worth tion of Invoice Reference Num­ The Centre raised this amount ings  of  0.5  per  cent  of  their
and  are  looking  for  new Code, a bidder has to deposit bid  pilot­turned  entrepren­ week. 
₹50,000  or  more,  and  its bers (IRNs) is reportedly hassle­ at a weighted av­ GSDP.  The  au­
numbers are seen as a high­ free.  NIC  said  its  helpdesk  has products.  Therefore,  there  is  a erage  yield  of thorisation  for
frequency  economic  indic­ been  assisting  taxpayers  in spurt  in  demand  from  such 4.42  per  cent, increased
ator.  fine­tuning their systems to re­ buyers since August and we are which  is being OMBs  was  is­
E­invoicing  is  the  elec­
tronic reporting of details of
duce errors. 
Currently,  there  are  three
hopeful that this will continue
in  the  months  to  come,”  said
Raj  Kumar  Malhotra,  a  Gur­
passed  on  to  the
States/UTs  at  the
sued  by  the
Ministry of Fin­
Shringla for hi­tech tie­ups with Germany,
specified GST documents on
a government­notified
portal and obtaining a refer­
modes  of  IRN  generation.  The
first is the direct linking of the
API (application programming
gaon­based  exporter  and  Vice­
Chairman of the Export Promo­
same  rate.  This
rate is lower than
the  5.19  per  cent
ance  on  Octo­
ber 13. 
Additionally,
but says norms have to be inclusive 
ence  number.  It  doesn’t interface)  of  the  ERP  (enter­ tion  Council  for  Handicrafts for the  first under  option­I, AMITI SEN Nov 4,  to  review  bilateral  rela­
mean  generation  of  invoice prise  resource  planning)  sys­ (EPCH), at a media interaction tranche  under­ the  States  are New Delhi, November 2 tions  and  discuss  matters  of
by a government portal.  tem  of  the  taxpayer  with  the on Monday. taken  last  year. also  eligible  to Foreign  Secretary  Harsh  Vard­ mutual  interest  with  key
The  641  lakh  eWay  bills NIC system.  Interest and principal pay­out carry forward their unutilised han Shringla discussed the ‘im­ European nations.
generated  last  month  were The  second  is  the  linking  of Hopeful of catching up will  be  made  through  com­ borrowing  to  the  next  finan­ mense’ scope for collaboration
the highest in a month over the API interface of the ERP sys­ In  the  first  quarter,  export  of pensation cess. The GST Coun­ cial year.  between India and Germany in Deepening bilateral ties
the ‘two­and­a­half­year jour­ tem  of  the  taxpayer  through handicrafts  fell by  a  sharp  66 cil  has  already  decided  to  ex­ Twenty one States and three tech­driven  sectors,  including The Foreign Secretary’s observa­
ney of the eWay bill system’, GSP  with  the  NIC  system.  The per  cent  compared  with  the tend levying cess beyond June, UTs agreed for option 1. Since artificial  intelligence,  in  his tions  on  data  sensitivity  is  im­
said  the  National  Informat­ third is using an offline tool for first  quarter  of  last  fiscal,  but 2022 to service borrowing.  five States  do  not  need  com­ meeting  with  key  German  in­ portant  as  India  is  in  the  pro­
the  fall  was  less  severe  in  the Foreign Secretary
ics  Centre  (NIC)  in  a  state­ bulk uploading of invoices and The first tranche of borrow­ pensation,  the  scheme  will terlocutors  in  Berlin  on cess of framing data protection
second  quarter.  Although  the Harsh Vardhan Shringla PTI
ment.  Over  495  lakh  e­in­ generating IRNs.  ing of ₹6,000 crore was com­ cover 16 States and three UTs.  Monday.  However,  he  warned laws to ensure adequate secur­
voices  were  generated  on Around 15 per cent of the tax­ overall decline in exports in the pleted last week and it was de­ Per a Finance Ministry state­ that  that  all  countries  needed Countries have to be wary of ity and privacy of personal data
the NIC portal by 27,400 tax payers are using the offline tool April­September  2020­21 cided  that,  every  Monday, ment  issued  on  Monday, to be cautious about the terms initiatives  on  data  which  are amid an  increasing  global  de­
payers last month, it added. and 85 per cent are opting for period was about 35 per cent, in ₹6,000  crore  will  be  bor­ Andhra Pradesh, Assam, Bihar, of  engagement,  according  to not transparent and not negoti­ mand  for easier  flow  of  data
Every  company  with  a the API route, said NIC.  September  2020,  the  exports rowed and released to States/ Goa,  Gujarat,  Haryana,  Hi­ sources privy to the talks. ated  in  multilateral  forums. between countries.
turnover  of  ₹500  crore  or actually  turned  positive  by UTs on back­to­back basis. This machal  Pradesh,  Karnataka, To improve connectivity and Sources  added that  Shringla Germany’s  Indo­Pacific
more is required to generate Lower threshold from Jan 1 about  7  per  cent,  as  per  EPCH arrangement  will  continue Madhya  Pradesh,  Maha­ infrastructure  and  deal with said that India was all for cyber guidelines which recognise the
e­invoices since October 1.  The  Centre  has  said  the calculations. till  the  shortfall  of  ₹1.1­lakh rashtra,  Meghalaya,  Odisha, data and cyber­governance, the security  and  use  of  data  for need  for  the  country  to  diver­
“The data captured by the turnover  limit  for  e­invoicing Exporters  are  now  hopeful crore is met.  Tamil Nadu, Tripura, Uttar Pra­ Foreign  Secretary  said  nations greater common good, but can­ sify  its  supply  chains  was  im­
Invoice  Registration  Portal will  come  down  to  ₹100  crore that over the next six months, desh,  Uttarakhand,  UTs  of cannot  afford  to  trample  on not accept non­inclusive meas­ portant for deepening bilateral
will  flow  seamlessly  to  the from  January  1.  From  April  1 they will be able to do increased Special window Delhi,  Jammu  and  Kashmir democratic, transparent norms ures to achieve it.Shringla is in ties as both nations had a con­
GSTR1 return of the taxpayer next year, every assessee will be business and catch up with last On October 15, the Centre had and Puducherry have received or the need for multi­stakehold­ Germany  as  part  of  his  seven­ vergence of interest in this area,
on  the  GST  common  portal covered.  year’s exports of ₹25,470 crore.  announced that it would bor­ the borrowed amount.  erism, sources pointed out.  day trip to Europe, from Oct 29­ Shringla noted.

CM .. ..... . . ...
YK
 CHENNAI

6 THINK BusinessLine
TUESDAY • NOVEMBER 3 • 2020

0
xyz

tuesday, november 3, 2020

The strategic importance of Myanmar
In a shaky state The Quad, especially India, must leverage Myanmar to counter China, which uses our neighbour to push separatism in North-East
especially  after  the  Rohingya Ideally,  the  issue  of  Rohingya
RBI’s latest study flags new vulnerabilities in refugee  crisis,  Myanmar  has  be­ refugees,  which  is  raising  tensions
come heavily dependent on China.  between Myanmar and Bangladesh,
State finances that have been triggered by Covid The  Myanmar­China  border  has would be best resolved by an inclus­
become  the  epicentre  of  local ive  effort involving  Myanmar’s  af­

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here’s been extensive analysis on the dam­ armed separatist groups operating fected regional neighbours and ma­
on  Myanmar  soil,  and  Indian jor  external  powers  like  Japan  and
age wrought by Covid on Central govern­
G PARTHASARATHY groups,  ranging  from  ULFA  in  As­ the US. 
ment  finances,  but  its  fallout  on  the  fin­ sam to the NSCN (IM) in Nagaland.
ances of States has gone largely under the Members  of  these  Indian  groups Power balance

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radar. It is in this context that Reserve Bank of India’s he visit to India by US Sec­ enter China’s Yunnan after crossing Myanmar lies  on  the  crossroads
annual  publication  ‘State  Finances:  A  study  of retary  of  State  Michael the  border  into  Myanmar’s  Kachin between India and Bangladesh, on
Pompeo and Defence Sec­ Province.  They  are  welcomed, the one hand, and ASEAN countries,
budgets of 2020­21’, which takes stock of the sustain­ retary  Mark  Esper  has armed,  trained  and  even  financed on the other. It is on the crossroads
ability  of  State  finances,  provides  instructive  in­ caught  the  world’s  attention.  It in  the  Yunnan  Province before of South and South­East Asia. It has
sights this year. The study flags three emerging vul­ clearly signalled the beginning of a crossing back to India.  to  be  an  integral  part  of  any
nerabilities in State finances that policymakers need new and more activist defence rela­ There  are  26  indigenous  armed strategy the Quad adopts to balance
tionship between India and the US. separatist  groups  in  Myanmar in­ Chinese power in South and South­
to  take  note  of.  One,  it  predicts  that  the  hard­won The  visit  followed  the  tensions cluding  the  powerful  12,000­ East Asia. 
process  of  fiscal  consolidation  that  had  States  pro­ between  India  and  China,  which 15,000­strong Kachin  Independ­ The Quad will have to pay due at­
jecting a combined Gross Fiscal Deficit (GFD) of 2.8 had led to the deployment of thou­ ence  Army,  which  operates  along Keeping vigil The Myanmar-China border has become the epicentre of local tention  to  the  problems  and  chal­
per cent of GDP is likely to suffer a setback this year, sands of troops, backed by tanks, ar­ Myanmar’s borders with both India armed separatist groups operating on Myanmar soil AP lenges  that  Myanmar  faces  from
moured  personnel  carriers,  artil­ and China, and the 20,000­25,000­ China while dealing with the chal­
with the GFD quite likely to top 4 per cent. This is the
lery and air power, on both sides of strong United State Army, deployed The Arakan Army, a separatist group lished  its  presence  across  the lenges  posed  by  a  growingly  ag­
outcome of the ‘scissor effect’ that has seen State tax the border.  along the China­Myanmar border.  operating from the Kachin State, re­ shores  of  Myanmar,  in  the  Bay  of gressive and assertive China. 
collections take severe hits from the lockdown even What,  however,  predictably  re­ These groups are armed and used cently  abducted  five  Indian  engin­ Bengal,  as  a  result  of  participation Moreover,  India’s  private  sector
as  their  fire­fighting  responses  have  escalated  un­ ceived relatively little attention was as leverage by China to interfere in eers who were working on a crucial of  ONGC  in  successful  offshore  oil will have to be incentivised to care­
planned expenses. To juggle their cash flows, States an  unprecedented  visit  jointly  by and  influence  Myanmar’s  internal “Kaladan  Corridor”  road  project, exploration  projects.  It  also  has  a fully study the opportunities avail­
India’s  Army  Chief  Manoj  Vikram affairs.  China  even  has  an  Ambas­ which is to link India’s landlocked presence  in  Sittwe  Port  that  it  has able and map out a strategy to en­
have used stopgap fixes such as fuel duty hikes and Naravane and  Foreign  Secretary sador  to  liaise  with  armed  groups north­eastern  States  like  Mizoram built on the Bay of Bengal, princip­ hance  its  presence  in  Myanmar.
deferred salaries, which are unsustainable.  Harsh  Vardhan  Shingla  to  Myan­ operating  along  and  across  the to the Myanmar Port of Sittwe, loc­ ally  for  transportation  of  goods India has, however, done well by es­
When boxed into a tight corner, States inevitably mar, just before Pompeo and Esper China­Myanmar  border.  China  in­ ated in the Bay of Bengal. from  Mizoram  and  other  north­ tablishing  training  institutions  in
axe  productive  capital  expendit­ arrived in India. There is, however, a fluences  these  armed  groups, Sittwe is ideally located for trans­ eastern  States,  across  the  Bay  of information  technology  and  agri­
common  link  between  the  chal­ which  are  presently  participating shipment  of  goods  to  and  from Bengal,  to  Kolkata,  This  is  particu­ cultural research in Myanmar.
Scan & Share ure. This could then pose a serious lenges we face in Ladakh and the de­ in  a  conference  organised  by  the Kolkata.  The  Sittwe  Port  has  been larly  important as,  in  the  mean­ Military cooperation with Myan­
risk to the incipient economic re­ velopments  across  our  borders Myanmar Government for drafting built with Indian assistance. Myan­ time, China is keen to invest $7.2 bil­ mar is set to expand with the supply
covery,  as  States  would  then  be with  Myanmar.  While  we  are  con­ a new Constitution for the country. mar has made no secret of its con­ lion on building the Bay of Bengal of  a  Kilo­Class  submarine  and  tor­
working  at  cross­purposes  to  the fronting direct Chinese aggression China is determined to dominate cerns  about  China’s  long­standing Port  of  Kyaukphyu,  together  with pedoes,  with  discussions  re­
in Ladakh, the challenges in Myan­ Myanmar’s internal politics by dir­ links  with  separatist  groups in  its oil  and  gas  pipelines,  linking  the portedly  under  way  for  the  supply
Centre’s  stimulus  efforts.  Two,
mar  arise  from  Chinese ect  contacts  with  and north­eastern States. Port to  its  Yunnan  Province.  The of  105  mm  artillery  guns,  radars
State governments are banking on policies  designed  to  use support  for  some  of  its Kyaukphyu  port  is  located  not  far and  sonars.  The  presence  of  our
Scan & Share
funding  90  per  cent  of  their  budget  gaps  in  FY  21 Myanmar soil to promote armed, separatist groups. Strong force from the Sittwe Port built by India.  private sector in Myanmar is almost
through market borrowings compared to less than separatist violence in our Beijing  also  uses  such During a recent visit to Russia, My­ There  are  naturally  concerns  in non­existent, unlike the presence of
50 per cent in FY17. This, the study believes, can escal­ north­eastern States. leverage  and  its  political anmar’s  Senior  General  Min  Aung Myanmar  of  facing  a  “debt  trap” the  private  sector  from  its  other
Virtually  every  armed support to  obtain  con­ Hlaing made a pointed reference in situation  on  the  Kyaukphyu  port neighbours  like  Thailand,  Singa­
ate both their borrowing costs and deficits in future. insurgent  group  in  our tracts  for  infrastructure a Russian state­run TV interview, to project,  akin  to  that  faced  by  Sri pore and Indonesia. 
With the ₹7 lakh crore market borrowings of States North­East has links with and  other  projects in­ a “strong force” backing the Arakan Lanka on  the  Hambantota  Port, The institutions we have set up in
almost  matching  the  Centre’s,  policymakers  addi­ armed  insurgent  groups volving  construction  of Army. His spokesman clarified that built by China.  Myanmar  can  serve  Indian  in­
tionally  need  to  worry  about  State  borrowings in north­western Myanmar, notably ports, dams, roads, bridges and for the  weapons  used  by  the  Arakan Moreover,  we  would  be  well­ad­ terests,  particularly  its  private  sec­
the  Kachin  Independence  Army, the mining of precious stones, min­ Army  were  made  in  China.  This  is vised  in  joining  with  our  partners tor, well if used imaginatively with
crowding out the private sector, hampering revival. which  also  operates  across  Myan­ erals and metals across Myanmar. now  known  across  the  Rakhine in the Quad on issues ranging from continuous  support  from  the  gov­
A related risk lies in the high State debt­to­GDP ratio mar’s borders with China’s border­ While  Myanmar  is  compelled  to State in Myanmar, which is located dealing  with  Rohingya  refugees  to ernment and the Indian diplomatic
(estimated 75 per cent in FY21) which could be fur­ ing province of Yunnan. China’s re­ tolerate and live with Chinese inter­ astride  the  India­Bangladesh  bor­ projects  involving  large  invest­ missions in the country.
ther aggravated by invocation of State government lations  with  Myanmar  are  quite ference, there have been recent in­ der.  It  is  also  the  home  of  the  Ro­ ments,  if  we  are  to  seriously  chal­
unique. Given existing sanctions by stances when Myanmar has reacted hingyas.  lenge  Chinese  ambitions  in The writer is a former
guarantees on measures such as the ₹90,000 crore
both the US and its European Allies, strongly to Chinese transgressions. Strategically,  India  has  estab­ Myanmar. High Commissioner to Pakistan
discom rescue. 
This  argues  for  structural  solutions  to  the  prob­
lem  of  loss­making  discoms,  rather  than  band­aid
ones like the recent liquidity infusion. Putting num­
bers to the migrant exodus caused by Covid, the re­
port says that MSME­dependent States such as Tamil
Nadu, Maharashtra and Gujarat are particularly vul­
Politics, pathos and misplaced priorities
nerable to the loss of productivity and output. While Our netas still harp about ‘jungle raj’ and ‘love jihad’ rather than rebuild the economy and lives wrecked by Covid
the study is quite exhaustive in its diagnosis of chal­
freebies. The one that really stirred said  the  doorbell  rang,  he bring  about  legislation  to  stop
lenges facing State finances, the solutions it provides
the hornet’s nest was Finance Min­ answered it to find Arjun, his dhobi, “love jihad”. As usual, the top boss
are somewhat sketchy. It recommends that States re­ ister  Nirmala  Sitharaman’s  prom­ who was following up on the text from the BJP in Uttar Pradesh gave
prioritise their expenditure both in favour of capex ise of “free coronavirus vaccination he had sent the previous week, ask­ the call, and other sheep have fol­
and  public  health  infrastructure,  without  explain­ for  all”.  Expectedly,  the  Election ing:  ‘Saab kapda hei?’  “With  the lowed suit. Are they even listening
ing  how  States  will  find  the  funds  for  both.  It  sug­ Commission  ruled  that  this  did family taped to monitors” and not to  themselves?  And  the  poison  of
not  violate  electoral  code  of  con­ needing ironed clothes, he had to communal  hatred  they  are
gests  digitalisation  and  direct  benefit  transfers  as duct  as  it  was  only  a  “welfare” reply in the negative. “Saab, humko spreading?
RASHEEDA BHAGAT
the panacea for reducing revenue leakages and en­ measure. nahi chhodenga na?”,  was  Arjun’s Yes,  there  is  merit  in  the  Alla­
hancing State efficiency without going into the con­ At least the promise raised a few plea, while predicting a dismal fu­ habad High Court verdict that reli­

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tentious  issue  of  exclusion  errors.  The  report  how­ ith  the  ongoing  Bi­ laughs  when  a  social  media  mes­ ture… “bhookha marney ka hei’ (We gious conversion just for the sake
har  Assembly  elec­ sage said: “Tum pichhla 15 lakh rupiye are going to starve to death). of marriage is not valid. If you are
ever ends with the useful suggestion that States, like tions  throwing  up dey do/Vaccine hum khud khar- But before I could shed tears for going  to  allow/accept  a  bride  or
Poll talk Promises are seldom kept
the Centre, should consider adopting debt­to­GDP as many  interesting idengey (Give  us  the  earlier  prom­ the Arjuns of India, a Monday head­ bridegroom into your family only
the  medium­term  anchor  for  their  fiscal  policies questions on the power play in the ised ₹15 lakh; we will buy the vac­ when it suited him, and is getting line  left  me  bewildered.  ‘Growth if  she  or  he  converts  to  your  reli­
rather than obsessing over rigid fiscal deficit targets State, with the passing of LJP leader cine ourself).” ready to ditch him all over again. back as GST mop­up tops ₹1.1­lakh gion, and follows your customs or
Ram Vilas Paswan and the deepen­ On  its  part,  the  Congress  injec­ Nobody  will  blame  you  if  you cr’, it said. Wow, that’s an impress­ traditions,  then  that  is  skewed
that tie their hands in a crisis. 
ing rift between his son and polit­ ted some comedy into electioneer­ start yawning listening to the same ive  number.  But,  wait,  growth  for thinking.  And  that  is  where  the
ical heir Chirag Paswan, and Bihar ing when it attacked Nitish Kumar old poll rhetoric all over again. All whom, is the question we need to Tanishq  ad  promoting  inter­faith
Chief  Minister  Nitish  Kumar,  the and the BJP over reports of police the parties are talking about social ask, and answer. marriage was so important, and its
pickings can be rich for a writer. lathi charge on devotees participat­ justice, being saviours of the poor, Of course, we know all about the withdrawal, thanks to bullying, so
OTHER VOICES But, then, in an already frustrat­ ing  in  a  Durga  Puja  procession  in and promising to create lakhs and trickle­down effect of the economy, heartbreaking.
ing Covid world, it is exhausting to Munger, and called it “anti­Hindu”.  lakhs of jobs. Anything new? and so on, but trickles take a long, But  to  call  interfaith  marriage
read  about  the  same  ghisa-pita, Chirag Paswan, who, had he not long  time  to  percolate  to  the  bot­ ‘love jihad’ is obnoxious. And, how
hate  poll  narrative  that  rules  In­ been  singing  hosannas  to  the  BJP, Stalked by hunger tom of the pyramid. Hopefully, Ar­ are you going to legislate matters
The agonising wait for US election day dian  elections.  On  the  one  hand, might  have  given  PM  Modi  the Compared  to  the  weariness jun  and  his  brethren  will  survive of  the  heart?  Such  thoughts  are
Prime  Minister  Narendra  Modi unique  opportunity  to  coin  the brought  on by  such  poll  talk  and till  then  to  enjoy  the  benefits  of deeply ominous signals about the
Right now you probably feel like a spring that’s been tightly continues  his  attack  on  “double­ term “triple yuvrajs” to attack dyn­ tall  promises,  which  anyway  no what  is  only  a  mirage  for  them hate  brigade  wanting  to  further
compressed under enormous weight. From the outside, it appears double yuvraj”… Rahul Gandhi and asty  politics,  continues  his  tirade one really believes, what made me right now. polarise Indians in an already frac­
still. Inside it is coursing with intense potential (anxious!) energy Rashtriya  Janata  Dal  chief  Lalu against  Nitish.  He  has  called  him sit  up  was  a  poignant  Facebook But are our netas worried about tured society. And that too in an un­
just dying for release. All elections elicit this feeling to some Prasad’s  son  Tejashwi  Yadav,  and palturam and paltimaar (turncoat), post from a friend and former col­ the economy, wrecked not only by precedented  time  when  millions
degree. But the 2020 contest has raised the stakes, adding harps upon the danger of Bihar re­ reminded the BJP how he ditched league, P Devarajan. It was simple Covid 19 but also man­made blun­ of  Indians  are  facing  unemploy­
looming threats of disinformation and interference, contested turning  to  “jungle  raj”,  and  offers the  party  and  then  returned  to  it enough, and yet heartbreaking. He ders  too?  No  sir!  They  want  to ment and a grim future.
results and a president who has repeatedly antagonised a deeply
polarised electorate. It is an extremely stressful moment.Waiting
on news like election returns combines two unpleasant states:
uncertainty and powerlessness.  NEW YORK, NOVEMBER 2
LET TERS TO THE EDITOR Send your letters by email to [email protected] or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.

The onion crisis ately. Reduced production, insuffi­ Air pollution with  developed  nations  and,  on an  undisputed  fact  that  post  the
This  has  reference  to  ‘Onion cient minimum support price and The rapid deterioration in air qual­ the  other,  we  are  lagging  behind 2008  credit  crisis,  global  banks
Can humanity grow up? without  tears’  (November  2).  The damage to the standing crops due ity in NCR is a cause for much con­ Bangladesh on various counts. The have  shifted  their  focus  towards
imbalance in demand and supply to excess/deficit rain are the main cern. While the newly constituted Government  appears  to  be  per­ more stringent prudential norms
The Covid­19 pandemic underscores just how tightly interwoven of onions and the resultant spike factors  for  demand­supply  imbal­ commission with 18 members was petually  in  election  mode,  and to  tide  over  future  credit  shocks.
humanity has become. A single infected animal somewhere in in  prices  can  be  addressed  if  the ance. NAFED must draw up a plan mandated  to  foster  collaboration keeps presenting a rosy picture of The  problems  faced  by  Indian
China set in motion a chain reaction with effects that, nearly a government  removes  foreign to  boost  cold  storage  infrastruc­ among  the  Centre,  States  and the  economy  despite  the  odds  fa­ banks  are  a  shade  different  from
year later, are still reverberating in every corner of the planet. This trade  restrictions  and  allows  free ture.  Many  public  sector  banks other  stakeholders  to  tackle  air cing  it.  The  government’s  clarion those faced by global banks to go
should not be particularly surprising. The history of pandemics flow  of  onions  within  the  do­ have special agricultural schemes pollution  in  an  effective  manner, call  for  atmanirbhar and,  at  the for  macro­prudential  regulation.
tracks our unification as a species. Each time humanity takes bold mestic market.  for building cold storages in rural there  are  apprehensions  that  the same  time,  inviting  foreign  in­ For  example,  the  high  volume  of
steps towards deeper integration, disease follows. This has The  supply  side  is  largely  influ­ areas.  commission,  helmed  by  bureau­ vestors  is  sending  confusing  sig­ NPAs  Indian  banks  has  and  the
yielded profound benefits. We pool our knowledge, innovation, enced by the vagaries of rainfall in The government must also look crats, may not be a significant de­ nals  to  the  business  fraternity. reasons  are  quite  diversified,  ran­
and technology.  DUBAI, NOVEMBER 2 the major onion­producing States to:  implement  administrative  re­ parture from the past. As shown by While  India  is  doing  optics  man­ ging  from  wilful  defaults,  fraud,
even  as  the  demand  remains  in­ forms  to  equalise  the  availability several  independent  studies,  it  is agement, Bangladesh is doing seri­ political interference, red tape, etc. 
elastic.  The  idea  of  selling  onions of  perishable  farm  produce  in impracticability  and  insensitivity ous business.  And  these  differ  from  bank  to
through  the  public  distribution volatile situations; have a central­ to  ground  realities  by  the  pollu­ Deepak Singhal bank and, hence, calls for more mi­
system will serve as a price check. ised  data  monitoring  system  to tion  controlling  bodies,  and  not Noida cro­prudential  regulation.  Also,
The  Agricultural  Ministry  should have  the  data  on  such  staple  pro­ enforceability  deficit,  that  have there  is  no  inherent  mechanism
Why is Europe again in the grip of the pandemic? coordinate  with  State  govern­ duce; create more number of food rendered  past  practices  such  as Financial sector reforms for  Indian  banks  to  overcome  as­
ments to improve storage and sup­ processing  units  across  all  States bans and penalties ineffective.  This refers to ‘Neglected aspects of set­liability  mismatch,  especially
Last week Europe registered 1.5 million new cases of Covid­19 — a
ply chain logistics. and regions focussing on such per­ M Jeyaram financial  sector  reforms’  (Novem­ in the case of infrastructural lend­
record — making it once again the centre of the pandemic. The Sholavandan
M Ravindran ishable items; and disseminate in­ ber  2).  While  the  financial  sector ing that too when deposit rates are
UK is not exempt, and England will enter a new lockdown from Nagercoil, Tamil Nadu
November 5. From the outside, it might seem the continent is in formation  among  agriculturists reform measures suggested by the more  volatile  and  bond  markets
the grip of a second wave that is ramping rapidly towards its for  balanced  cultivation  of  such Talking up the economy author  are  worth  implementing, are not so deep in bringing discip­
peak. But it is not one wave, it’s many local waves, and that is Cold storages staple items.  This  refers  to  ‘Rise  and  rise  of the problems faced by Indian fin­ line in this area. 
crucial in understanding how to rein it in and prevent the same Rain or shine, POT (Potato, Onion, RV Baskaran Bangladesh’ (November 2). On the ancial  institutions,  especially Srinivasan Velamur
Tomato)  becomes  news  immedi­ Chennai one hand, we like to be juxtaposed banks,  are  unique  in  nature.  It  is Chennai
thing happening again.  LONDON, NOVEMBER 2

Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 on behalf of THG PUBLISHING PVT LTD., and Printed by D. Rajkumar at Plot B-6 & B-7, CMDA Industrial Complex, Maraimalai Nagar, Chengleput Taluk, Kancheepuram Dist., Pin: 603209. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528

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CHENNAI

BusinessLine
TUESDAY • NOVEMBER 3 • 2020 THINK 7

Growing divergence between China and ‘Developing Asia’

China’s quick economic recovery from the pandemic vis-a-vis other countries indicates both reduced regional integration and setbacks in some of its Asian neighbours
differences  within  the  group of  an  economy,  but  they  do Real  exchange  rates  can
(with  the  exception  of  Viet­ provide some idea of how in­ partially  neutralise  what
nam, which appears to be fol­ vestors view the current state seem to be a loss of competit­
lowing  a  trajectory  closer  to and possible future trajectory. iveness. But they too show dif­
that of China).  Further,  governments  every­ ferential  trends  across  Asian
This  divergence  has  actu­ where are obsessed with stock countries.
ally  been  evident  for  some market  performance,  seeing In  China,  as  expected,  the
CP CHANDRASEKHAR JAYATI GHOSH
time  now  in  terms  of  the it  (falsely)  as  a  sign  of  eco­ recent  appreciation  reflects
global  impact  of  the  region. nomic  success  and  a  referen­ the  renewed  increase  in  cur­
MACROSCAN The  latest  World  Economic dum  on  their  economic rent account surpluses after a
Outlook of the IMF, released a policies.  Therefore,  govern­ period  of  decline,  which
few weeks ago, provides evid­ ments  typically  do  whatever counterbalanced  the  recent

T
he  past  year  has developing  Asia,  which  until ence of this. they can to bolster it.  net  capital  outflows.  But  this
brought  into  sharp recently  reflected  similar Figure  1  presents  the  cur­ does  not  help  India  as  much
relief the significant tendencies  as  China,  often rent  account  balances  of Soaring stock market as  it  may  benefit  some  other
differences between precisely  because  the  rest  of China  and  the  rest  of  the  re­ Figure 3 shows that since the Asian countries. 
China  and  the  rest  of  the the  region  was  benefiting gion, as shares of global GDP. beginning  of  2020,  China’s In  India  both  current  and
world.  The  experience  of  the from  the  increasingly  close For the past 15 years, as China stock  market  index  first  fell capital  account  deficits  were
pandemic  is  probably  the and  dense  trade  and  invest­ has  been  running  very  signi­ and  then  recovered  to  scale sought to be counterbalanced
most  extreme  and  definitive ment  links  with  that  eco­ ficant  current  account  sur­ heights  well  beyond  those by open market operations of
expression of that: the ability nomy.  pluses, the rest of developing since the start of 2019. By con­ the  central  bank  to  prevent
of China to contain the spread Asia  has  been  mostly  in  defi­ trast,  the  average  stock  mar­ disorderly  depreciation,  but
of the virus and prevent a re­ Signs of ‘separation’ cit,  even  though  these  have ket performance of the rest of the  nominal  exchange  rate
newed  outbreak  of  any  sub­ But  ever  since  the  trade  war been  relatively  small  deficits China’s economy has rebounded sharply after declining in the first quarter of 2020 BLOOMBERG the  region  showed  a  much nevertheless depreciated.
stantive nature is unmatched with  the  US,  which  forced in  the  aggregate.  (All  figures greater  slump  during  the The  real  exchange  rate,
by almost all other countries, China  to  shift  to  greater  reli­ are  based  on  data  from  the cause  of  declining  domestic “emerging” Asia together con­ ference  to  the  geographical Covid­19  spread,  and  despite however,  appreciated  in  the
with  the  exception  of  a  few ance  on  domestic  demand, IMF’s  World  Economic  Out­ demand  as  a  consequence  of tinues  to  have  a  negative  net distribution of global growth. some  recent  increase,  were recent  period  essentially  be­
outliers.  and  certainly  since  the look October 2020 database.) the pandemic and lockdowns, position.  China,  which  was The  pandemic  has  acceler­ still  around  10  percentage cause  inflation  rates  were
The  reasons  for  this  cer­ Covid­19  pandemic  struck, Effectively,  China  has  been mirrored  in  falling  world seen  as  a  beneficiary  of  ex­ ated  these  tendencies,  not points below the value at the higher than in India’s trading
tainly deserve separate study, there has been growing diver­ sucking  in  global  demand, trade. port­oriented  foreign  invest­ least  because  of  China’s  abil­ start of the year. partners. As compared to this,
but what is also worth noting gence between China and the while  the  rest  of  the  region A similar point can be made ment  in  the  past,  is  now  an ity to cope with the virus and Now  that  the  pandemic  is in  Indonesia  and  Thailand
is how this has also been asso­ rest of developing Asia, partic­ has  been  adding  to  demand about  international  invest­ important  driver  of  invest­ the  apparent  resilience  and refusing  to  recede  in  some there have been fairly signific­
ciated  with  a  relatively  rapid ularly those economies (often in the net.  ment positions, shown in Fig­ ment  and  growth  in  the  rest recovery of its economy. In ad­ large countries like India and ant real devaluations.
recovery  of  the  Chinese  eco­ clubbed  as  ‘Emerging  Asia’) However,  their  smaller  ag­ ure 2. Throughout the period, of the world. The rest of Asia dition,  it  has  disrupted  re­ showing  signs  of  resurgence Covid­19 is drawing a sharp
nomy from the decline of the that are more integrated with gregate  deficit  has  not  been and especially after the Global as a group, on the other hand, gional supply chains, thereby of  infections  in  other  coun­ wedge  not  only  between
first  quarter  of  2020  to  relat­ global capital markets. sufficient  to  outweigh  that Financial  Crisis,  China’s  net still  remains  reliant  on  for­ cutting  some  of  the  links tries,  this  is  likely  to  affect China  and  the  rest  of  the
ively rapid growth once again. While  there  are  significant impact.  The  recent  emer­ international investment pos­ eign investment, real and fin­ between China and her Asian stock  market  behaviour  as world,  but  also  between
This  is  contrary  to  almost differences  amongst  these gence of the rest of the region ition  has  remained  strongly ancial.  If  geopolitical  factors neighbours,  even  as  border well,  so  that  this  differential China and its hinterland. It is
every other major economy. countries,  it  may  be  that  the into  current  account  surplus positive,  growing  to  nearly  3 limit China’s access to invest­ tensions have increased.  performance  across  China yet  to  be  seen  how  this  will
The differences are particu­ differences  between  China is  essentially  a  reflection  of per  cent  of  world  GDP,  while ment targets in some foreign Stock markets are never the and  other  developing  Asian play  out  both  geopolitically
larly  marked  with  the  rest  of and  this  group  outweigh  the the  collapse  in  imports  be­ the  rest  of  developing  or locations, this can make a dif­ best  indicators  of  the  health countries is likely to widen. and in economic terms.

SHORT TAKE
BusinessLine
Wanted: An All you wanted to know about... TWENTY YEARS AGO TODAY
efficient rollout What is it?
The  MSCI  Emerging  Markets  (EM)
among others to be included in the
index.
Larsen and Toubro and Nestle India
may turn out to be among the big
November 3, 2000
Garment sector dereserved
plan for vaccine Index is an equity index created by
Morgan  Stanley  Capital  Interna­
The  extent  to  which  foreign  in­
vestors can invest in a listed secur­
beneficiaries of these flows. Flows
are  also  expected  into  potential
Bowing to pressure to make the domestic garment
industry hightech, the New Textile Policy has dereserved

A mid the tragedy of the pan­
demic, one marvel is hiding
in plain sight. The development
tional,  a  global  index  provider  to
capture  large­  and  mid­cap  com­
panies across 26 emerging market
ity of a country is an important de­
terminant  for  its  inclusion  in  the
index. This in turn is a function of
new index entrants such as Kotak
Mahindra  Bank,  PI  Industries  and
IPCA Laboratories.
the garment industry from the small­scale sector to ensure
unhindered foreign investment flows, besides
incorporating technology concerns to make the industry
of  a  working  vaccine  against countries. Launched in 2001, the in­ the  company’s  free­float  market globally competitive. The NTP 2000, which replaces the
SARS­CoV­2  is  happening  at MAULIK MADHU dex today covers 1,387 listed entities cap and applicable foreign owner­ Why should I care? garment industry from the SSI category would help fight
breakneck  speed,  a  triumph  of that account for 85 per cent of the ship  limits.  With  FPI  limits  raised The MSCI rejig is another factor that competition from neighbouring countries such as Sri
ingenuity and efficiency that has SLATE free  float  market  capitalisation  in up to match the full extent of for­ has spurred the ongoing bull mar­ Lanka, Pakistan and Bangladesh. Till now, the garment
few precedents. each country. eign  investment  limits  in  Indian ket.  In  anticipation  of  higher  in­ sector was under SSI reservation with an investment
However,  even  if  researchers The  index,  which  is  reviewed companies, the room available for flows into certain stocks, many in­ ceiling of Rs 3 crore and a cap of 24 per cent FDI equity.
and  pharmaceutical  companies Ever  since  the  Finance  Ministry quarterly,  provides  a  ready  set  of investment has gone up.  vestors  have  already  bought  into No cap on DTH players, channels
succeed  on  the  scientific  front, raised the foreign portfolio invest­ emerging  market  investment  op­ such stocks in the hope of making The Government on Thursday decided ­to allow direct­to­
policy makers will then have to ment (FPI) limit for Indian compan­ portunities  to  institutional  in­ Why is it important? big  bucks.  So,  while  it  may  be home (DTH) broadcasting in the country, heralding a new
pick up the baton. Unfortunately, ies to the applicable foreign direct vestors  world  over,  interested  in Many  global  asset  management tempting to invest in such stocks, it era for satellite TV. The Government has allowed
if the poor management of the investment sectoral limit (which is taking  EM  equity  exposure.  Many firms, foreign pension funds, sover­ may already be too late for it. unrestricted number of players to offer unlimited
pandemic in Europe and the US higher) from April 1, 2020, investors global  institutional  investors  use eign wealth funds and the like, use But  caution  is  warranted  as channels to homes where digital signals from a Ku­band
is any guidance, the potential for have  been  wondering  when  the MSCI’s EM Index and several such indices such as the MSCI EM Index many  of  these  lists  are  guesstim­ satellite transponder can be received without going
policy failure is enormous. MSCI would raise India’s weight in indices covering other markets and as  the  basis  for  deciding  their ates that cannot be relied upon. At through any intermediary, such as cable operator, by using
The race for a vaccine remains the widely­tracked MSCI EM Index. themes as part of their globe­span­ weights  in  countries  and  indi­ the end of the day unless the com­ just a small antenna (12­18­inch diameter) and a set­top
uncertain, as no company has yet MSCI had said that it would wait for ning passive investment strategy. vidual companies. pany fundamentals are strong, the box.
completed a large­scale random­ the  implementation  of  the  new India has a weight of 8.1 per cent An increase in India’s weight in capital  inflow­driven  stock  price Rubin bullish on reforms
ised controlled (Phase 3) trial to limits before making any changes. in the index. That is, all the listed In­ the MSCI Index can result in large rally may not sustain. Mr Robert E. Rubin, Chairman, Executive Committee,
ensure  safety  and  effectiveness. The recent disclosure of foreign in­ dian companies that form part of capital  inflows  into  the  Indian Citigroup, is bullish on India. "We are extremely impressed
However,  considering  that  the vestment limits for Indian securit­ the  MSCI  Index  together  account equity market. A Morgan Stanley re­ Bottomline by the Indian Government's initiatives on economic
new coronavirus only began cir­ ies  by  Indian  depositories,  NSDL for 8.1 per cent of the index. port estimates these passive flows, Joining  the  herd  will  not  always reforms," Mr Rubin said after an hour­long meeting with
culating  among  humans  a  year and CDSL provided the trigger. Companies  must  satisfy  certain which  will  pour  in  automatically work, especially if it has run ahead the Finance Minister, Mr Yashwant Sinha, at the North
ago, the progress that has been MSCI  is  expected  to  modify  In­ minimum  criteria  relating  to  full once the index weights changes, to of you. Block. Mr Rubin said that he had extensive discussions
achieved so far is astonishing. dia’s weight in the EM Index in its market  capitalisation,  free­float be worth $2.5 billion. According to with the Finance Minister on the reforms programme
Scientists from the UK to China November review, which will take market capitalisation, stock liquid­ the same report, Asian Paints, Bajaj A weekly column that puts the fun undertaken by the Government. However, he declined to
to the US have swiftly reoriented effect from December 1. ity  and  foreign  inclusion  factor, Finance,  Britannia  Industries, into learning disclose the details of the meeting.
their existing research programs
to focus on a SARS­CoV­2 vaccine. 
For governments the real chal­
lenge now is managing expecta­
tions amid growing anxiety and
impatience.  Looking  ahead,  it
will also be up to policy makers easy bl two-way crossword 1735 not so easy
to ensure a vaccine is distributed
in  a  timely  and  fairly  way,  and ACROSS DOWN ACROSS DOWN
that pseudoscientific theories do 01. Headlong, without 02. Duty list (4)  01. Make it rain and hurl oneself 02. Duty cycle that originally
not prevent people from accept­ headlong into action (11)  turns up in part (4) 
deliberation (11)  03. Turned­back sleeve ends (5) 
ing inoculation.
08. Contrivance, trickery (8)  04. Given running rate (5)  08. Bit of trickery seen if one is 03. Blow the ends of one's
Already, some politicians have
09. Brought into the world (4)  05. Blank­leaf book (5)  put in wrong crate (8)  sleeves (5) 
failed to show the necessary re­
10. Privately, apart (5)  06. One suffering irresistible 09. Brought into existence by 04. Regulated rate at which one
straint in their communication. 
13. Labyrinth (4)  drowsiness (11)  old boy backing the Navy walked up and down (5) 
Rather  than  engaging  in
16. Not fat (4)  07. Forerunners, ancestors (11)  (4)  05. Record may have something
cheap  electioneering,  political
leaders  should  be  focussing  on 17. Gratis (4)  11. Seeming fate­mocked 10. Privately, 24s may be revised in it, book perhaps not (5) 
an efficient vaccine rollout plan. 18. Flat­bottomed river craft (4)  condition (5)  (5)  06. He keeps dropping off in
There are two risks in particular 20. Brewing, baking agent (5)  12. Something in addition (5)  13. Complicated system of order to conceal trip (11) 
that  will  require  careful  hand­ 24. Notion (4)  14. Sprightly, off­handed (4)  extracting one from the 07. Can't see dent formed by
ling: In the short term, there will 25. Loud, harsh (8)  15. Chess front­piece (4)  corn (4)  previous history (11) 
be  enormous  pressure  from 26. At ______ : at issue, 19. Sound of plucked string (5)  16. Be inclined to have little flesh 11. Satirical form of one right,
many  individuals  to  obtain  the quarrelling (11)  21. Put name down for (5)  on one's bones (4)  only left out (5) 
initial  doses,  which  will  inevit­ 22. County, rural district (5)  17. Is not tied up for nothing (4)  12. There's more to him than
ably  be  scarce.  After  a  few 23. Make one's way (4) 18. Back a horse one can move playing in a crowd (5) 
months,  the  challenge  will  be with a pole (4)  14. Jaunty pen lost her head (4) 
getting  enough  of  the  popula­ 20. It leavens, and is easy to mix 15. Take a chess piece to uncle (4) 
SOLUTION: BL Two-way Crossword 1734
tion  to  receive  the  immuniza­ on tabletop (5)  19. Nasal tone gnat makes flying
tion,  so  as  to  achieve  herd  im­ ACROSS 1. Somebody 4. Oval 8. Col 9. Drake 10. Run 11. Larceny 12. 24. Thought one to be almost up round top of window (5) 
munity. The danger is that many Elide 13. Prosecution 17. Rinse 18. Debacle 20. Ado 21. Sauce 22. All deaf (4)  21. Come on stage of National
will  avoid  vaccination  as  they 23. Tone 24. Pediment CLUES DOWN 1. Sickly 2. Molar 3. Diary 5. 25. Loud, grating way it sent dirt Theatre ere it's changed (5) 
fear it is not safe.  Vertigo 6. Lender 7. Detestable 9. Dress sense 14. Rundown 15. packing (8)  22. She is about to put one right
These  two  threats  demand Truant 16. Pellet 18. Drupe 19. Crave 26. At such, is quarrelling about in the county (5) 
that the development of vaccines George's lad gulping 23. Make one's way to the West
is  shielded  from  political  pres­ hydrogen (11)  End (4)
sure.  BLOOMBERG

CM .. .... .. .....
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BusinessLine
TUESDAY • NOVEMBER 3 • 2020

TODAY'S PICK
LIC Housing Finance (₹229): Buy 
Post Q2 results, Reliance Ind slumps Delay in RIL-Future deal will dent
retail arm’s margin 2%: JP Morgan
YOGANAND D
BL Research Bureau

The  stock  of  LIC  Housing  Finance  gained

8.6%, its biggest slide since March 9 FORUM GANDHI
Mumbai, November 2
JP  Morgan  Chase’s  analysts  have
Retail  asset  acquisition.  We  cur­
rently  build  the  acquisition  into
our  FY22  estimates.  While  any
5.7 per cent with above average volume on
Monday, bouncing up from a key support Macquarie sets target  bluesky  valuation,"  said  Macquarie warned that a delay in executing delay in closing the deal would im­
level of ₹280.  in research report with a Underper­ the deal with Future Group would pact our FY22 EBITDA estimates by
This  rally  has  surpassed  the  21­  and  50­
price of ₹1,320;  form rating and a target of ₹1,320. impact Reliance Retail's EBIDTA by only  2  per  cent,  it  would  impact
day moving averages and has given traders m­cap crashes  Emkay Global, which maintained 2 per cent for FY22 and the Future our FV by 5 per cent,” said analysts
with  a  short­term  perspective  an  oppor­ its Hold rating on the stock, but in­ Value  of  the  Mumbai  Ambani in their note.
tunity  to  buy  the  stock  at  current  levels.
₹1 lakh crore crease the target price to ₹1,970, said: owned Retail giant by 5 per cent. Earlier this year, Reliance Retail
Since  the “We deem the stock as fairly valued Days after Reliance Retail posted invested  nearly  ₹25,000  crore  in
stock  took OUR BUREAU though upsides may come if Aramco its operational performance in Q2 the  multiple  companies  of  the
support  at
Chennai, November 2 buys into O2C at $75 billionn EV ($60 JP Morgan Chase has said that Reli­ debt­strapped  Future  Group.  Fu­
₹186  in  late Shares  of  index  heavyweight  Reli­ billion est.), global strategic majors ance Retail has posed an “impress­ ture Group’s partner Amazon had
March  this ance  Industries  slumped  8.62  per enter Retail, and Jio­Retail get listed”.  ive q2 result” with flat revenue y­ dragged  the  company  to  the
year,  it  has cent on Monday after the company o­y basis and “significantly better­ Singapore  International  Arbitra­
been  in  an on Friday posted a drop in Septem­ we still see no economic moat.” as the company roped in a slew of in­ Bullish brokers than­expected  EBITDA.”  Reliance tion  Court  (SIAC)  over  alleged
intermedi­ ber  quarter  net  profit,  as  the  pan­ The  index  heavyweight  tumbled vestors for its Jio and Retail verticals, However,  other  brokers  such  as Retail’s EBITDA jumped to ₹2,006 breach  of  contract  on  multiple
ate­term demic  hit  sales  of  most  of  its 8.62 per cent to ₹1,877, while partly­ saw its m­cap declining more than ₹1 Motilal Oswal Financial, IDBI Capital, crore which was higher by 85.9 per grounds. 
uptrend.  products. This is the biggest fall for paid shares of the company tanked lakh crore on Monday to ₹12.69 lakh Elara  Capital  and  JM  Financial,  re­ cent than the previous quarter.  The SIAC had passed an interim
the stock of India's biggest conglom­ 10 per cent to hit the lower circuit crore. mained bullish on the stock. However,  just  when  analysts stay  on  the  deal  between  Future
Key erate  after  March  9  crash,  when  it limit and closed at ₹1,066. Reliance “On a 1­2 year view, we agree with “We upgrade to Accumulate from started to see some green shoots Group  and  Reliance  Retail  in  fa­
resistance slumped about 13 per cent. Industries  on  Friday,,  after  market India’s  long­term  digital  opportun­ Reduce as the stock has corrected 8 on the post­Covid road to recovery vour  of  the  American  giant.  On
But,  the  stock  had  encountered  a  resist­ hours, said that its consolidated net ity, but we continue to see meaning­ per cent in the past two months, roll­ for Reliance Retail, market watch­ one hand, on the basis of this stay
ance at ₹323 in late August and started to ‘No economic moat’ profit declined 20 per cent in the July­ ful  execution  challenges  and  no over to FY23 offering 23 per cent EPS ers  have  now  warned  that  this order, Amazon has written a letter
consolidate  in  the  wide  band  between Some  analysts  turned  cautious  on September quarter to ₹10,602 crore. moat  particularly  in  retail  for  Reli­ growth and increase digital services could pose as a hindrance on the to the Exchanges and SEBI, on the
₹260  and  ₹323  thereafter.  The  recent  up­ the stock post Q2 results, and see only Reliance Industries, the only stock ance, our earnings and cash flow es­ value that resulted in higher target EBIDTA  estimates  of  Reliance  Re­ other, Reliance Retail and Future
move  has  strengthened  the  bullish  mo­ a little  headroom.  Macquarie  Re­ to top the ₹16 lakh crore market cap­ timates are meaningful below con­ price  at  ₹2,357  from  ₹2,169,”  said tail for the FY22. “There are poten­ Group have said they will go ahead
mentum with the consolidation phase and search said: “We remains cautious as italisation mark in September 2020 sensus, and the stock is trading at our Elara Securities.  tial legal challenges to the future with the deal without any delay.
the  stock  has  potential  to  trend  upwards
and reach the upper boundary. 
The daily relative strength index is chart­
ing  higher  in  the  neutral  region  and  the
weekly RSI as well entered bullish zone. 
AMCs can now do proprietary Equitas Small Finance Bank lists
Short-term targets
The daily price rate of change indicator has
trading in debt securities: SEBI at 6% discount to IPO price
entered the positive terrain from the neg­
ative  implying  buying  interest.  Overall, OUR BUREAU  ers.  municate  details  on  issues  in  a Tepid listing follows trades  at  1.72  times  its  book moter stake in the bank to 40 per
tThe short term outlook is bullish for the
Mumbai, November 2  SEBI in a notification said that transparent  manner  during value. The weak listing of Equitas cent by September 2021 (from 82
stock. The targets are ₹312 and ₹318.  SEBI  has  allowed  asset  manage­ dealers  and  fund  managers market hours through recorded asset quality concerns SFB  can  be  attributed  to  uncer­ per  cent  post  listing).  However,
Traders with a short­term view can buy ment company to become a pro­ should not indulge in any uneth­ modes  and  channels.  They  have post­Covid, weak  tainties  over  post­covid  impact the management is contemplat­
the stock with a stop­loss at ₹292.  prietary  trader  and  self­clearing ical business activities or profes­ also been told to provide appro­ on  the  bank’s  asset  quality  (ow­ ing several possibilities to bring
(Note: The recommendations are based member in the debt segment of sional  misconduct  involving priate  inputs  to  the  valuation HNI interest in offer  ing to the standstill in asset clas­ down the promoter holding in a
on technical analysis. There is a risk of loss stock  exchanges  and  clearing fraud  or  deceit  or  commit  any agencies  or  the  valuation  com­ sification  dur­ less dilutive man­
in trading.)  corporations to carry out trades act that could damage the repu­ mittee of the AMC. Any material KEERTHI SANAGASETTI ing  the ner  (for  existing
and settle trades.  tation of the organisation or the deviation  in  valuation,  as BL Research Bureau  moratorium shareholders)­
Amending the existing norms, mutual fund industry.  defined by the AMC, shall also be Equitas  Small  Finance  Bank period).  Even  a such  as  merger
Nifty 50 Movers G 26.75 pts. SEBI has directed Chief Executive highlighted  to  the  valuation (Equitas SFB) listed on Monday at comfortable  2.7 with  the  group’s
Close(₹) Pts PE Wt(%) Officers  of  mutual  funds  to  en­ No conflict of interest committee of the AMC.  a discount of about 6 per cent to per  cent  GNPA housing  finance
HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2040.80. . . . . . . . 48.73. . . . . . . . . 20.75 . . . . . . . . 7.27 sure  that  AMCs  have  adequate They should avoid conflict of in­ Fund  managers  shall  have  an its issue price. The stock made its ratio (as of June arm.
ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 417.45. . . . . . . . 39.76. . . . . . . . . 23.56 . . . . . . . . 5.72 systems  in  place  to  ensure  that terest  and  should  not  carry  out appropriate  and  adequate  basis debut  at  ₹31  against  its  issue 2020  quarter) Hence,  the  IPO
HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1215.25. . . . . . . . 31.98. . . . . . . . . 23.45 . . . . . . 10.51
Axis Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 522.65. . . . . . . . 17.34. . . . . . . . . 50.55 . . . . . . . . 2.58
fund  managers  and  dealers  fol­ any  transaction  on  behalf  of  a for  investment  decision  and price  of  ₹33  a  share  on  the  BSE. and 94 per cent was  subscribed
Bharti Airtel . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 457.40. . . . . . . . 13.17. . . . . . . . . . . 0.00 . . . . . . . . 2.18 low the code of conduct in letter fund with any counter party who shall  be  responsible  for  invest­ The  stock  touched  an  intra­day collection  effi­ only  1.95  times
Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1580.70. . . . . . . . 11.32. . . . . . . . . 49.73 . . . . . . . . 4.60 and  spirit  and  any  breach  is  re­ is an associate of the sponsor or ment  in  the  funds  managed  by high of ₹33.05, and an intra­day ciency  (in (compared  to
Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1072.30. . . . . . . . . . 9.94. . . . . . . . . 27.43 . . . . . . . . 7.81 ported to the board of directors. top officials within the organisa­ them.  They  have  to  maintain low of ₹30.1. September  and  October  2020) other  recent  IPOs  that  garnered
Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . 3419.80. . . . . . . . . . 6.82. . . . . . . . . 49.95 . . . . . . . . 1.80
State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 196.05. . . . . . . . . . 6.06. . . . . . . . . 10.69 . . . . . . . . 1.50
Similarly,  fund  managers  and tion  unless  it  is  carried  out  on written  record  on  decision  of At  the  close  price₹32.75,  the have  not  helped  boost  investor subscriptions of 50­156 times). 
IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . . . 628.35. . . . . . . . . . 5.61. . . . . . . . . 17.54 . . . . . . . . 0.71 dealers have to submit quarterly arm’s length basis on terms and buying  or  selling  securities  to­ stock of Equitas SFB was trading sentiment for the IPO.  The  HNIs  too  demonstrated
ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 166.75. . . . . . . . . . 3.04. . . . . . . . . 14.34 . . . . . . . . 2.90 self­certification  to  the  trustees price consistent with best execu­ gether with the detailed justific­ at about 1.2 times its (post issue) Another  plausible  risk  per­ weak  interest  with  the  NII  cat­
Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . .. . 5701.45. . . . . . . . . . 1.80. . . . . . . 280.88 . . . . . . . . 0.69
that they have complied with the tion standards and at a commis­ ations. They should not indulge book  value  at  the  end  of  June ceived  by  the  investors,  is  the egory  being  subscribed  by  only
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 89.20. . . . . . . . . . 1.80. . . . . . . . . . . 8.84 . . . . . . . . 0.86
PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . 173.05. . . . . . . . . . 1.22. . . . . . . . . . . 8.74 . . . . . . . . 0.88
code of conduct. They have to en­ sion rate no higher than custom­ any act or practice which results 2020  quarter. Based the  loan likely dilution in the sharehold­ 0.22  times,  which  could  have
Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . 2835.65. . . . . . . . . . 1.08. . . . . . . . . 22.51 . . . . . . . . 0.73 sure that investments are made ary institutional rates.  in  artificial  window  dressing  of book size, Ujjivan SFB, a compar­ ing of Equitas SFB, following the also  been  a  contributing  factor
Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 469.40. . . . . . . . . . 0.91. . . . . . . . . 37.80 . . . . . . . . 1.01 in  the  interest  of  the  unit  hold­ Fund  managers  should  com­ the NAV, said SEBI.  able  listed  peer  —  currently RBI’s mandate to reduce the pro­ for the weak listing. 
Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 787.85. . . . . . . . . . 0.87. . . . . . . . . 64.56 . . . . . . . . 0.62
Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 115.70. . . . . . . . . . 0.73. . . . . . . . . . . 6.36 . . . . . . . . 0.48
ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 65.70. . . . . . . . . . 0.68. . . . . . . . . 10.58 . . . . . . . . 0.48

Embassy REIT
M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 596.05. . . . . . . . . . 0.46. . . . . . . . . . . 0.00 . . . . . . . . 1.13
Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1168.50. . . . . . . . . . 0.27. . . . . . . 137.27 . . . . . . . . 0.97
Tech Mahindra . . . . . . . . . . . . . . . . . . . . .. . . . 814.65. . . . . . . . . . 0.19. . . . . . . . . 19.06 . . . . . . . . 1.00 IIFL Wealth plans to float Category-II Alternative Investment Fund
Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . 2072.00. . . . . . . . . . 0.15. . . . . . . . . 69.30 . . . . . . . . 3.68
JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 309.35. . . . . . . . . . 0.08. . . . . . . . . 30.16 . . . . . . . . 0.61
Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 132.85. . . . . . . . . . 0.08. . . . . . . . . . . 0.00 . . . . . . . . 0.47
enters S&P Property, K.R.SRIVATS  we see society taking the technological EdTech,  MedTech,  FinTech  will  witness be  large  part  of  economy  everywhere
Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 170.75. . . . . . . . . . 0.03. . . . . . . . . 68.86 . . . . . . . . 0.50
L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 929.30. . . . . . . . ­0.06. . . . . . . . . 73.16 . . . . . . . . 2.26
Global REIT indices New Delhi, November 2
IIFL  Wealth  and  Asset  Management
leap forward. We will look at capturing
such  investment  opportunities
immense value creation possibilities as
we see large investments in such tech­
including India. There is strong case for
every portfolio to have new generation
Shree Cement. . . . . . . . . . . . . . . . . . . . . . 21671.35. . . . . . . . ­0.07. . . . . . . . . 49.55 . . . . . . . . 0.58 plans to set up a category­II Alternative through  a  Category  II  AIF,”  Umang nologies in Covid19,” he said. business  as  well,  which  have  already
OUR BUREAU 
SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 766.05. . . . . . . . ­0.28. . . . . . . . . 53.16 . . . . . . . . 0.59 Investment  Fund  (AIF)  to  capture  op­ Papneja, Senior Managing Partner and Papneja noted that in India, there are reached some level. There is sound in­
GAIL (India) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 83.95. . . . . . . . ­0.34. . . . . . . . . . . 6.77 . . . . . . . . 0.31 Bengaluru, November 2
portunity  to  participate  in  follow­on Chief  Investment  Partner,  IIFL  Wealth a number  of  companies  where  the vestment  case  for  such  Digital  break
Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 751.25. . . . . . . . ­0.38. . . . . . . . . 27.11 . . . . . . . . 0.76 Embassy  Office  Parks  REIT,  a  publicly  listed
Nestle India Ltd. . . . . . . . . . . . . . . . . . . 17114.95. . . . . . . . ­0.39. . . . . . . . . 79.64 . . . . . . . . 1.21
capital  raising  of  digitally  break  out Management told BusinessLine. product/service is well established and out companies,” Papneja said.
REIT company, has announced that it will be
HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 587.50. . . . . . . . ­0.41. . . . . . . . . 89.76 . . . . . . . . 0.92 companies  which  are  dominant  in He highlighted that worldwide one is enjoy  a  dominant  position  in  the  seg­ “We  don’t  want  to  invest  in  50­60
included  in  the  S&P  Global  Property  Index
Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 356.90. . . . . . . . ­0.50. . . . . . . . . 41.88 . . . . . . . . 0.52 their segments, a top official said. witnessing an acceleration in the trend ment they operate. In India most of the companies  like  how  a  venture  capital
UltraTech Cement. . . . . . . . . . . . . . . .. . 4550.80. . . . . . . . ­0.62. . . . . . . . . 23.61 . . . . . . . . 1.04 and S&P Global REIT Index from November 2.
“This will be a new fund and it will be of users adapting and using disruptive innovative  companies  are  not  listed firm does and hope that out of these 50­
Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . . 78.20. . . . . . . . ­0.80. . . . . . . . . 13.91 . . . . . . . . 0.40 The inclusion of Embassy REIT follows an S&P
Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . 4858.65. . . . . . . . ­0.84. . . . . . . . . 32.89 . . . . . . . . 1.17 a Cat II AIF. An opportunity to particip­ technologies.  “The  most  innovative here. They are available on the private 60  companies,  10  will  break  out  and
Dow  Jones  Indices’  amendment  to  the  S&P
UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 445.35. . . . . . . . ­1.01. . . . . . . 125.10 . . . . . . . . 0.49 ate in follow­on capital to break out di­ parts  of  the  world  economy  have equity and venture capital side, he said. make money. We want to come only in
Property  Indices  composition  and  constitu­
Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2843.70. . . . . . . . ­1.31. . . . . . . . . 19.42 . . . . . . . . 0.74 gital companies exists today and plugs suffered the least damage. India will be “If  you  are  transitioning  from  pre  to the  10  companies  that  have  been  dis­
Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 402.85. . . . . . . . ­1.35. . . . . . . . . . . 7.09 . . . . . . . . 0.60 ent  methodology  as  part  of  the  September
an important gap in client portfolios as no  different  and  opportunities  in post Covid, these digital companies will covered and funded,” Papneja said.
Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . 3420.30. . . . . . . . ­1.45. . . . . . . . . 47.88 . . . . . . . . 0.80 2020 rebalance review, the company said. 
BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 346.40. . . . . . . . ­1.50. . . . . . . . . 17.79 . . . . . . . . 0.55
Michael  Holland,  CEO  of  Embassy  REIT,
Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . 2029.65. . . . . . . . ­1.81. . . . . . . . . 39.11 . . . . . . . . 0.56
Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 334.80. . . . . . . . ­2.03. . . . . . . . . 21.60 . . . . . . . . 0.99
said: . “As a result of the REIT’s acceptance in
Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3048.65. . . . . . . . ­2.76. . . . . . . . . 50.66 . . . . . . . . 0.77 these  important  global  investing  bench­
Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . 6868.35. . . . . . . . ­2.99. . . . . . . . . 52.15 . . . . . . . . 1.82 marks,  we  expect  more  active  and  passive
Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . 2172.85. . . . . . . . ­4.04. . . . . . . . . 92.39 . . . . . . . . 1.95
pools of global capital to track Embassy REIT,
HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 822.40. . . . . . . . ­4.92. . . . . . . . . 22.69 . . . . . . . . 1.78
TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2604.60. . . . . . ­14.69. . . . . . . . . 33.18 . . . . . . . . 5.44
thereby further validating the REIT structure
Reliance Ind . . . . . . . . . . . . . . . . . . . . . . . . .. . 1877.45. . . . ­132.82. . . . . . . . . 41.81 . . . . . . 12.07 as the standard bearer for listed commercial
Pts: Impact on index movement real estate in India.” 

CM . ...... . . ...
YK
CHENNAI

BusinessLine
TUESDAY • NOVEMBER 3 • 2020 COMMODITIES 9

MCX COMPDEX C 5 pts (0.05%) MCX BULLDEX C 95 pts (0.62%) MCX METLDEX D -27 pts (-0.22%) NCDEX AGRIDEX D -10 pts (-0.01%)
PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE
9873.66 9895.78 9836.45 9878.98 15488.11 15613.01 15497.71 15583.46 12307.27 12352.02 12268.46 12280.60 1205.3 1205.8 1188.4 1195.2
As of 17.00 hours

Symbol
FUTURES TRACKER
Delivery Centre Price 
Unit
MCX
Previous 
Close (₹) Close (₹) %
Change OI Nations start food stockpiling again  COMMODITY CALL

MCX-Aluminium
ALUMINIUM Thane 1 Kg 153.0 152.4 -0.4 4320 Food prices soar on fears of a second Rally in futures distribution.  The  FAO  Food
CARDAMOM Vandanmedu 1 Kg 1450.0 1450.0 0.0 0.8 wave of Covid-19, weather issues Commodity Price 3-Month
price  index  averaged  97.9
points in September, 2020, up
futures looks bullish
COPPER Thane 1 Kg 526.4 525.1 -0.3 12495000 (USD) change (%)
Grains & Oilseeds
2.1  per  cent  from  August  and
COTTON Rajkot 1 Bale 19430.0 19230.0 -1.0 24675 RAJALAKSHMI NIRMAL troyed by the fall army worm CBOT Soybean Oil 33.18 7% up 5 per cent from its value a
CPO* Cash Settled 10 Kgs 817.5 820.9 0.4 46410 Chennai, November 2 attack.  In  the  global  market, ENX Milling Wheat 203.25 10% year  ago.  This  was  driven  by
CRUDEOIL Cash Settled 1 BBL 2642.0 2597.0 -1.7 423100 Food  prices  across  the  world supply  in  wheat,  specifically, CBT SRW Wheat 593.5 12% higher  prices  of  cereals  and
GOLD Ahmedabad 10 grms 50699.0 50874.0 0.3 13121 are rallying sharply.  may  be  tighter  in  months  to DCE Corn 2580 14% also vegetable oils. In palm oil,
GOLDGUINEA Ahmedabad 8 grms 40758.0 40846.0 0.2 29.824 The global over­production come.  CBT Soybeans 1048.25 16% strong  global  demand  and
of food that held commodity ZCE Rapeseed Oil 9653 20% fear  of  drop  in  output  in
GOLDM Ahmedabad 10 grms 50641.0 50783.0 0.3 117.5 CBOT HRW Wheat 538 22%
prices  down  for  years has Drop in output South­East Asia has been help­
GOLDPETAL Ahmedabad 1 grm 5119.0 5131.0 0.2 37.061 CBT Corn 395 25%
changed. The Bloomberg Agri­ This is due to a likely drop in CBOT Soybean Meal 379.4 31%
ing. Soy oil prices have rallied
KAPAS* Cash Settled 20 Kgs 1112.0 1095.5 -1.5 428
culture Subindex, which hit a output  in  Russia,  the  world’s Softs following poor crop prospects
LEAD Thane / Chennai 1 Kg 149.6 149.0 -0.4 3125
high  of  63  in  mid­2016  and largest  wheat  exporter,  be­ ICE Sugar 14.54 15% in  the  Black  Sea  region  and
MENTHAOIL Chandausi 1 Kg 945.4 949.3 0.4 158.76 dropped to a low of 34 in June cause  of  dry  weather  condi­ MDE Palm Oil 2975 19% firm  demand  from  biodiesel
NATURALGAS Cash Settled 1 mmBtu 247.7 245.2 -1.0 17950000 2020, is now at trading at 42. tions, say experts. Further, the DCE Palm Oil 6216 29% industry in the US. 
NICKEL Thane 1 Kg 1142.7 1136.6 -0.5 2869500 Besides  Covid­19  related  sup­ drought in western US is likely Source: Bloomberg
A Kotak Securities report in­
SILVER Ahmedabad 1 Kg 60865.0 61833.0 1.6 432960 ply chain and labour issues, lo­ to have an impact too. In corn, prepared for the second wave building  their  reserves  in dicated reasons for higher soy­ AKHIL NALLAMUTHU
SILVERM Ahmedabad 1 Kg 60905.0 61829.0 1.5 58930 cust  attack  and  climate the  drop  in  output  in  China of  Covid­19.  India  has  done  a wheat and other grains. The US bean prices as: “USDA had re­ BL Research Bureau

SILVERMIC Ahmedabad 1 Kg 60897.0 61825.0 1.5 38520 change have hit food supplies and  lower  supplies  from  the record level of procurement in is  also  concerned  about  food duced  US  soybean  stock  in The November futures contract
ZINC Thane 1 Kg 201.8 201.8 0 15940 across  the  globe  in  recent EU is expected to keep global the last Kharif season. Nations supplies, say global media re­ September  at  below  14.3  mil­ of  Aluminium  on  Multi  Com­
months.  supplies tight.  that  have  seen  drop  in  food ports.  According  to  Feeding lion tonnes (in quarterly stock modity  Exchange  (MCX)  wit­
NCDEX In Africa, locusts wiped out However,  although  the  In­ output are building up stocks America,  a  nation­wide  net­ report), which was down by 42 nessed a fresh breakout last Fri­
CASTOR DEESA Quintal 4512.0 4540.0 0.6 22315 crops in over millions of acres ternational grains Council has by importing food. work of over 200 food banks in per  cent  from  last  year.  The day, opening the door for more
CHANA BIKANER Quintal 5310.0 5199.0 -2.1 44960
in July. In China, in the months lowered  its  2020­21  world the US, the country may see a world’s  largest  soybean  pro­ appreciation in price.
of  July­August,  there  was  a grain production estimates by Building reserve total of 6­8 billion meal short­ ducer Brazil  is  already  grap­ The contract, which has been
COCUDAKL AKOLA Quintal 1851.0 1804.0 -2.5 27660
flood  in  the  Yangtze  River 1 million tonnes, it will still be According to a Bloomberg re­ falls in the next 12 months. pling  with  scanty  inventories rallying  for  over  a  month,
COTTON RAJKOT Bales 19230.0 19230.0 0 0
basin,  which  accounts  for  70 a record of 2.226 billion tonnes port,  countries  including It  estimates  that  the  total as steep weakness in Brazilian entered  a  sluggish  phase  in
DHANIYA KOTA Quintal 6742.0 6686.0 -0.8 2980 per cent of the country’s rice in 2020­21. The reason for rally Jordan,  Egypt,  Taiwan  and need  for  charitable  food  will Real and robust demand from mid­October  where  the  price
GUARGUM5 JODHPUR Quintal 6654.0 6504.0 -2.3 16360 production. Besides, corn crop in food prices is also that coun­ China  have  been  tapping reach  17  billion  pounds  next China  has  left  the  granaries was hovering around ₹150. But
GUARSEED10 JODHPUR Quintal 4288.0 4212.0 -1.8 27570 in  five  provinces  were  des­ tries are stockpiling food to be global  grains  market  and year, which is thrice last year’s with hand to mouth stock.” the fresh breakout has turned
JEERAUNJHA UNJHA Quintal 14465.0 14515.0 0.3 1830 the  outlook  positive  and  the
KAPAS RAJKOT 20 kgs 1112.5 1096.5 -1.4 1228
SPOTLIGHT contract is likely to advance to
RMSEED JAIPUR Quintal 6067.0 6178.0 1.8 25490 ₹155.  Beyond  that,  it  can  pos­
sibly  rise  to  ₹160.  However,  if
SYBEANIDR
SYOREF
TMCFGRNZM
INDORE
INDORE
NIZAMABAD
Quintal
10 kgs
Quintal
4263.0
963.4
5828.0
4225.0
966.5
5756.0
-0.9
0.3
-1.2
64105
31240
5685
How would metals react to the outcome of US elections? the  trend  turns  downward,
₹150 can be a considerable sup­
SANDEEP DAGA The  “Blue  Wave”  (or  a  con­ markets  would  need  some­ demand in could possibly end port. A breach of this level can
Source: MCX and NCDEX; all contracts are current month/near month; closing prices are taken from
provisional bhav copy (as of 17.00 hours); *delivery option available November 2 vincing  win  for  the  Demo­ thing else to feed on. It could up flat in 2020. drag the contract to ₹147.
Last  year,  financial  markets crats)  is  the  latest  narrative. be  a  harsh  winter  in  US  and The moving average conver­
were dancing to the tune of a Most  analysts  expect  a  new Europe as Covid­19 cases rise to Conclusion gence  divergence  indicator  in
trade­deal  between  US  and round  of  US  s timulus  and new  record.  A  large  part  of The  outcome  of  US  elections the daily chart indicates good
China.  As  chances  of  a  deal thereby dollar weakness to lift Europe  is  under  partial  or could possibly provide a knee­ upside  momentum  as  it  con­
NEWS GLOBAL neared  by  early  2020,  bulls’ metal prices in 2021. Goldman complete lockdown. This will jerk reaction for markets. Irre­ tinues  to  move  northwards.
The  daily  relative  strength  in­
long  positions  in  c opper expects copper to reach $7,500 have  negative  effect  on spective,  focus  could  start  to
WRAP UPDATE reached  to  the  largest  in  18 and  aluminium  to  $2050  by growth.  In  these  times  the move elsewhere e.g. Covid or dex too remains in the positive
months;  LME  Index  rose  to  8 middle  of  next  year.  Markets world  would  need  China  to growth  outlook  in  2021.  This territory.  Moreover,  the  global
■ Singapore wants to improve standards in its commodities price  movement  supports  the
months’  high.  But,  did  trade­ have replaced trade­deal with keep  shouldering  the  global makes  one  feel  that  bulls
trading industry after scandals rocked banks’ confidence in bullish  view  i.e.  the  three­
deal work?  US stimulus as its light­house, Donald Trump AP recovery. But will China be able might  take  a  few  steps  back.
lending to the sector, its Trade Minister said. Commodities month  rolling  forward  con­
Interestingly, US trade defi­ but  with  bigger  stakes.  Cop­ to?  Recent  synchronised  sell­off
trading is a key component of Singapore’s wholesale trade tract  of  the  metal  on  London
cits widened 56 per cent since per’s  speculative  long  posi­ come for markets, Trump’s vic­ China generally front­loads across  markets  i.e.  equities,
sector, which contributed 17% of the city state’s gross domestic Metal  Exchange  has  bounced
January,  2020  and Chinese tions are at 34 months’ high; tory  and  loss  of  Senate  to its  stimulus;  it  did  the  same gold,  oil,  US  Treasury  bonds
product in 2019. off  the  support  of  $1,800  last
trade surplus grew 11 per cent LME  Index  is  at  27  months’ Democrats  could  come  as  a this year as well, data show. It might possibly be signalling it.
■ Crude oil prices fell 4% on worries that widening coronavirus YoY  this  year.  However,  these high.  shock. Markets might jump in comes as no surprise that cop­ week.
lockdowns in Europe would weaken fuel demand and concerns grew  insignificant  as  the While  Biden’s  victory  and joy in the former case but fall per imports rose by 41 per cent The author is the Director of Thus,  the  outlook  is  bullish
about turbulence over this week’s US presidential election. world  moved  grappled  with Democratic control on Senate quickly in case of the latter. this year. Moreover, domestic Regsus Consulting. Views are and  so  traders  can  buy  MCX­
Covid­19 pandemic.  are  the  most  favourite  out­ After  US  elections  are  over, output rose by 11 per centwhile personal. Aluminium  with  stop­loss  at
₹147.

AGRI-BUSINESS
Small growers voice concern over Better Life Farming: Bayer’s tech tool Coromandel 
Q2 PAT up 17% 
enables farmers avail cheaper credit
tea imports as prices shoot up TV JAYAN
New Delhi, November 2
from ensuring that the farmers
have  access  to  quality  agri  in­
at ₹589 crore
OUR BUREAU
Hyderabad, November 2

Companies have tions  have  extended  support Transparency  in  transactions puts and proven farming tech­ Coromandel  International
for  the  cause  and  it  was  de­ brought in through IT interven­ nologies, these BLF centres help Limited,  an  agri­solutions
received approvals cided  to  intensify  the  protest tions is helping farmers, partic­ them with aggregation and sale provider  from  the  Mur­
to import dust tea by  organising  dharnas  before ularly  women  farmers  with of farm produce. ugappa  group  of  companies,
the State Secretariat soon.  small  holdings  to  access has  reported  a  consolidated
from other nations cheaper credit. Expansion plans net profit of ₹589 crore in the
Protests planned Bayer Crop Science, which re­ Maini  said currently  there  are second  quarter  ended
V SAJEEV KUMAR Confirming the development, cently  tied  up  with  Axis  Bank, 210  such centres  in  Uttar  Pra­ September  30,  2020,  as
Kochi, November 2 Ramesh Bhojarajan, President, has  been  able  to  provide  to desh,  Jharkhand,  Madhya  Pra­ against  ₹504  crore  in  the
South  Indian  small  tea  grow­ The Nilgiris Small Tea Growers members of its Better Life Farm­ BLF was created with the aim desh  and  Bihar,  catering  to same  quarter  previous  year,
ers are up in arms over the re­ Association,  said  that  Federa­ ing  (BLF)  initiative,  many  of of helping farmers with 50,000  farmers.  BLF  initiative showing  a  growth  of  17  per
ported  move  by  producing tion of All India Tea Traders As­ them women farmers, loans at aggregation and sale of would  be  expanded  to  Bihar, cent.
companies  to  import  tea,  cit­ sociation are making efforts to 6 ­7 per cent interest as against farm produce Maharashtra, Odisha and West The  consolidated  total  in­
ing  production  drop  on  ac­ import tea as the prices in the 26­30 per cent charged by non­ Bengal  and  would  have  440 come in the quarter stood at
count  of  a  combination  of domestic market have gone up banking  financial  companies have  been  able  to  offer  credit centres  covering  up  to  3  lakh ₹4,620 crore as against ₹4,867
factors  such  as  adverse Around 60.35 million kg of tea has been imported in the last three and  they  do  not  wish  to  pass (NBFCs),  Rohit  Maini,  Lead  of only to a few farmers at present farmers by the end of the year, crore  in  the  corresponding
weather  conditions,  Covid years out of which only 24.23 million kg have been re-exported the increase to the customers.  Grower  Engagement  at  Bayer but added the tie­up with Axis the  Bayer  executive  said.  Cur­ quarter previous year.
lockdown, etc. Around  60.35  million  kg  of for  India,  Bangladesh  and  Sri Bank was just two months old rently,  the  focus  at  these  BLF For  the  first  half  ended
drop.  The  Assam  floods  also duty structure in Vietnam, In­ tea  has  been  imported  in  the Lanka told BusinessLine. and much more is expected in centres are three crops – chilli, September 30, 2020, the com­
Record high prices contributed  to  a  production donesia  for  imports  is  on  the last  three  years  out  of  which “What  we  are  trying  to  do near  future.  This  is  significant tomato and paddy. pany registered a profit after
According to growers, the pro­ drop in North India, they said.  higher  side,  the  tea  would  be only  24.23  million  kg  have through  our  Lite  ERP  system, because  a  large  number  of Simon  Wiebusch,  COO  for tax  of  ₹840  crore  as  against
ducing companies plan comes All these developments have brought  to  Sri  Lanka  and been re­exported. The balance which  we  are  putting  around small  farmers  are  women Bayer India, said the BLF initiat­ ₹566 crore in the same period
at  a  most  inappropriate  time prompted  companies  to  im­ shipped to India at 8 per cent 26.92  million  kg  have  been our agri entrepreneurs, is to in­ whose lack of land titles making ive is meant to create an ecosys­ previous  year,  showing  a
when  prices  of  bought  tea port cheaper dust tea so as to duty  under  the  Indo­Sri sold  in  the  domestic  market crease visibility of the transac­ it  difficult  for  them  to  access tem. In most of rural areas in the growth of 48 per cent. Its con­
leaves  are  ruling  at  a  record blend it with their produce to Lankan FTA, he said.  and  this  has  led  to  a  market tions  which  happen  with  the formal credit.  country where basic infrastruc­ solidated  total  income  stood
₹30 per kg, after a gap of two cater to the export markets, YC The  move,  he  said,  would crash.  farmers  such  as  what  the  agri BLF — which Bayer created to­ ture was missing, getting access at ₹7,843 crore (₹7,008 crore)
decades.  The  prices  have  star­ Stephen, State President, Small bring down the prices of green If tea imports are facilitated entrepreneur  is  giving  them. gether with its partners such as to  original  products  is  a  huge in the first half.
ted moving up on account of Tea  Growers  Federation, tea leaves plucked by small tea or teas that are meant for re­ex­ We are also trying to link the ERP Yara  Fertilisers,  International problem.  “When  we  worked The standalone entity’s net
lower  production  in  planta­ Idukki, told BusinessLine. growers, hitting lakhs of work­ ports are allowed to seep into system to the produce coming Finance  Corporation,  Netafim, with chilli farmers in Varanasi, profit  in  Q2  is  put  at  ₹582
tions  due  to  inclement It is understood that tea pro­ ers  in  the  country  especially the  local  market,  he  said  this from the farmers or being sold DeHaat, AgriBazaar and Big Bas­ we  realised  that  when  you  do (₹503  crore),  showing  a
weather such as rain, frost, etc.  ducing  companies  have  re­ women labourers badly.  would increase the supply and by  them.  This  helps  generate ket about two and a half years the intervention you uplift liter­ growth  of  16  per  cent.  The
The Covid­19 restrictions im­ ceived  necessary  clearance  to Gearing up for an agitation, cause  the  market  to  crash, datapoints that banks need for ago — seeks to create clusters of ally the economy there. The idea standalone  total  income
pacted  production  in  a  big import  dust  tea  from  other Stephen  said  several  like­ thereby  affecting  small  grow­ offering  them  credit,”  Maini rural agripreneurs who would is to look at expanding it more stood at ₹4,605 crore (₹4,865
way,  recording  a  30  per  cent producing  nations.  Since  the minded  farmers’  organisa­ ers.  said. Maini admitted that they run  their  BLF  centres.  Apart and more,” Wiebusch said. crore) in the quarter.

Thunderstorms, lightning may give way to rain

Wet spell likely Thunderstorms  and Kerala, Tamil Nadu and Pu­ monsoon.  Some  of  the
lightning  are  forecast  on ducherry  as  the  North­ ‘rain  heads’  packing  the
for Puducherry, Tuesday  over  Coastal  and East monsoon revives over wave have gone on in the
Kerala, TN South  Interior  Karnataka, the South Peninsula. past  to  become  low­pres­
Kerala, Tamil Nadu and Pu­ In  fact,  a  short­to­me­ sure  areas  and  depres­
VINSON KURIAN ducherry  followed  on dium  guidance  from  the sions,  even  cyclones,
Thiruvananthapuram, November 2 Wednesday by heavy rain­ IMD pointed to arrival of a though not in the instant
India  Meteorological  De­ fall  over  Tamil  Nadu,  and rain­driving easterly wave case. 
partment  (IMD)  has  said Puducherry,  the  IMD  said from the South China Sea ‘Goni’  has  weakened
that  thunderstorms  and in  its  afternoon  forecast as an offshoot of erstwhile many  times  over  to  be­
lightning  may  break  out on Monday.  super typhoon ‘Goni’ that come a tropical storm (de­
at  isolated  places  over made  a  calamitous  twin­ pression)  over  the  West
Tamil  Nadu  and  Puduch­ Easterly wave as trigger landfall  over  the  Philip­ Philippine  Sea/South
erry  on  Monday  before The  same  day  would  also pine  Islands  in  the  early China  Sea  by  Monday
heavy  rainfall  resumes  at see  thunderstorm  and hours on Sunday. evening  with  maximum
isolated  places  over  Ker­ lightning spread out even Easterly  waves  are  fast­ winds 101 km/h. As it weak­
ala,  Tamil  Nadu  and  Pu­ more  across  Rayalaseema moving  low­pressure ens  further,  it  was  expec­
ducherry  on  Tuesday  as and  Coastal  Andhra  Pra­ waves  across  the  Bay  of ted to leave the Philippine
the  North­East  monsoon desh,  apart  from  Coastal Bengal  and  are  frequent ‘area  of  responsibility’
revives.  South  Interior  Karnataka, during  the  Northeast later into the night. 

CM . ..... .. . ...
YK
 CHENNAI

10 INDIA FILE BusinessLine

TUESDAY • NOVEMBER 3 • 2020

Is GST about ease of doing business?

Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers and all MSMEs. BusinessLine reports
LOKESHWARRI SK/LN REVATHY/A SRINIVAS risky  exporter  list,”  says  Banthia.  “This  list filing fee accounted for around 5 per cent of
contains  exporters  who  the  government profit  in  pre­Covid  times,  now  it  is  many

“T
he  last  couple  of  years  have thinks are not genuine. I am one of the ex­ times that. “I can do the return filing, but I
definitely not been easy. After porting  companies  who  have  been  put  in am  little  worried  about  the  portal,  as  I  am
dropping  out  of  school,  I  did this  category  randomly,  for  no  reason;  the not  a  commerce  graduate.  If  something
some  odd  jobs,  saved  some names are picked randomly by a computer goes wrong, we have to ask the auditor, so I
money  and  set  up  this  unit  with  one  ma­ algo. We were put in this category in Febru­ am using an auditor.” 
chine (lathe). Within two­three years, I man­ ary 2020.” Many  have  settled  down  with  the  return
aged  to  install  a  second  machine;  just  as Exporters  typically  get  three  kinds  of  re­ filing  system.  Banthia  thinks  that  frequent
things  started  to  look  up,  the  Government funds — GST refund, drawbacks and licence changes to GST are okay, exporters can adapt
decided  to  demonetise  high­value  notes. value. “However, since February, we have not to it and adjust. Sadanand too has no prob­
That  was  the  first  blow.  Before  I  could  re­ got  our  GST  refund,  drawbacks  or  licence lems with the return filing process and does
cover from it came the “one nation, one tax” value. In such troubled times, when export not think that frequent changes in rules are,
system. They say “no looking back”, but we orders are less and workers have to be paid really  speaking,  a  hassle.  However,  Mahure
don’t see light at the end of the tunnel,” says their  salaries,  the  government  is  holding observes: “Relaxations given to small taxpay­
Velmurugan, an entrepreneur, whose 10x10 back payment due and causing further hard­ ers  such  as  quarterly  return  filing,  delayed
shed  is  located  in  a  residential  locality  in ship,” points out Banthia. He has ₹1.5 crore return  filing,  waiver  of  late  fees,  leads  to
Coimbatore. worth of outstanding dues from the govern­ hardship to large taxpayers as their right to
Considered one of the leading Tier­II des­ ment. “How am I supposed to do business?” claim input tax credit gets jeopardised.”
tinations in the country for Micro, Small and he asks.  If  possible,  the  matching  can  take  place
Medium  Enterprises  (MSMEs),  Coimbatore annually,  as  most  financial  statements  are
region  has  units  dabbling  in  tooling,  lathe High cost of return filing prepared  annually  and  submitted  with
work,  fabrication,  casting,  machining, Larger  businesses,  with  an  extensive  ac­ other  authorities  such  as  MCA and  Income
plastic  moulding  and  allied  fields,  among counting department, do not have any prob­ Tax Department. In Income Tax, the TDS de­
others. These units are struggling with GST­ More darkness than light Globally, GST/VAT compliances have been relaxed, not so in India REUTERS lem filing returns or adjusting the frequent tails are tracked, not at the ‘invoice level’ but
compliance issues,including the recent shift changes in GST return filing rules, at ‘PAN level’, he adds.
to quarterly returns for small units and the fall in line with their system of filing GST re­ of this. He has already got the money, but he but  small  firms  run  by  a  single E­invoicing  has  been  intro­
extension of filing deadlines. turns  every  month,  Soundararajan  says, has  not  filed  the  return  or  paid  taxes.  We proprietor,  sometimes  using  the X duced with effect from October
W
There  are  an  estimated  30,000+  micro “they  (large  corporates)  only  made  a have  to  chase  them  saying,  ‘please  pay  the e­commerce platform, are finding “GST  authorities 1, with a threshold limit of ₹500
units  engaged  in  undertaking  job  order friendly appeal, a request — it made sense. I GST,  because  only  then  will  we  get  the  re­ the return filing a big challenge. are  yet  to  fix crore. While this is welcome, the
works alone in this part of the country. There do  agree  that  for  small  companies,  this fund’. We have to do the chasing on behalf of Mahati Garments, which is a re­ the  problem  of large majority of GST taxpayers
are 1000s of such units here. Close to 70 per could  be  a  difficult  proposition  as  a  huge the government.” gistered e­commerce seller in the invoices  for would not be covered under the
cent of the units are at present on the verge chunk  of  money  gets  blocked.  But  if  one Under the GST, two options are given to ex­ market place segment, is a case in taxpayers  below e­invoicing system.
of closure for want of orders. “No GSTIN, no were  to  file  every  quarter,  the  net  effect porters. One, they can supply goods or ser­ point. The proprietor of this firm the  threshold  of Explains  Bengaluru­based
order”, has become the order of the day, says would be the same as we are only deferring/ vices  under  bond  or  Letter  of  Undertaking says that a lot of problems are cre­ ₹500  crore” chartered  accountant  Mohan
J James, president of the Tamil Nadu Associ­ postponing the issue, not doing away with without paying the IGST and claim a refund ated  due  to  sales  returns.  Since Lavi: “GST authorities are yet to
ation of Cottage and Tiny Enterprises (TACT). it.” of  the  unutilised  input  tax  credit.  Two,  ex­ the supply is sometimes made to fix  the  problem  of  invoices  for
“Promoters of such ventures are unable to At present, a GST payer is required to make porters can pay the IGST and claim refund of overseas clients, some portals give custom­ taxpayers  below  the  threshold  of  ₹500
focus  on  the  orders  on  hand;  they  have  no e­invoices,  e­way  bills,  GSTR­1,  GSTR­3B, the tax paid. ers  longer  time  to  return  their  products. crore.  This  set  of  taxpayers  still  use  Form
separate department dealing with accounts, ITC­04 (for job­work), annual return and an­ Sadanand  (name  changed  on  request),  a This  results  in  products  sold  in  the  first GSTR  3B  to  claim  their  input  tax  credit  —  a
no expertise in GST matters and so on. Prior nual audit (if applicable). Compliances like tiles exporter from Bengaluru, is still await­ month  being  returned  only  in  the  third form in which there are no checks and bal­
to  the  roll­out  of  GST,  they  could  get  their e­ Invoices and e­way bills are expected to be ing the refunds on tax paid during the trans­ month of a quarter. This requires an adjust­ ances to claim input tax credit. The menace
payments  after  deduction  of  tax  at  source adhered to on a real­time basis. ition period in 2018. “At the transition time, ment  for  return  having  to  be  done  for  the of  taking  credit  on  fake  invoices  continues
and they were comfortable with the system. Says  Pune­based  chartered  accountant 28  per  cent  IGST  had  to  be  paid  on  the  ex­ month when the sales was done and, in turn, to bog down the authorities because of the
Further, job order is just a process, execution Pritam  Mahure:  “After  the  Covid­19  on­ ports,”  he  explains.  “Government  said  that results in higher payment to auditors. open­ended nature of GSTR 3B. Some sort of
of a job, which does not involve purchase or slaught, all over the world, GST/VAT compli­ whatever tax was levied on exports, we could The  company  pays  ₹1,500  per  month  to a system is being planned from April 1, 2021.
sale of any item. So why should GST be im­ ances have been relaxed as the top­most pri­ get refund immediately into bank account, auditors  every  month  to  file  the  supplies, But so far, the GST authorities have been un­
posed on job­working units?” asks James. ority is revival and support to the taxpayers. after filing the GST returns. We have raised the sales returns and the inward supplies or able  to  walk  the  talk  on  matching  of
While the tiny players brood over the new However, in India, we are witnessing exactly almost eight invoices for the early period of purchases. “I am an academician and so I am invoices.”
tax system, the ones dealing with textile and the opposite, as new compliances such as e­ GST,  out  of  which  we  have  received  GST  re­ able  to  prepare  the  excel  calculations  my­ The  GST  Council  needs  to  look  into  com­
engineering  spares  and  tool­making  units invoicing are being introduced.” funds for two to three invoices. But refunds self. The auditors charge me for opening the pliance issues arising out of the procedures.
seem to have come to terms with the new re­ are pending for all the other invoices since portal three times and filing,” says the pro­ As Lavi says, a better dispute settlement sys­
gime  where  units  with  turnover  below  ₹5 Exporters’ woes 2017. About ₹14 lakh of money is stuck.” prietor  of  the  firm.  A  sum  of  ₹1,500  is  the tem in the form of GST tribunals all over the
crore can file quarterly returns. This creates Exporters  are  up  against  their  own  set  of Banthia, a readymade garments exporter minimum amount charged by the auditors, country needs to be set up. 
a mismatch between large and small units, problems. Says Nishant Banthia of Magnum to Europe and West Asia, has a unique prob­ it goes up to almost ₹5,000 per month, says Let us not forget that GST was meant to en­
where  the  large  ones  have  to  file  on  a Casuals  International  Pvt  Ltd,  Chennai: lem. “A few  exporters  have been put in the the  lady  proprietor  of  the  firm.  The  return sure ease of doing business.
monthly basis. Working capital flow can be “When we export our goods, we avail IGST re­
disrupted in transactions between the two, funds for all our input taxes. What reflects in
as input tax credit refunds can be held up. the GSTN portal is only the collections that
“As a company, we want to ensure compli­ the supplier has made, according to the re­
ance; it is convenient for both — my custom­ turn filed by the supplier. Since the govern­ BUSINESS OFFER
ers  and  suppliers,”  says  S  Soundararajan, ment  is  continuously  extending  the  dead­
who is into manufacture of tooling kits. line  for  return  filing  due  to  the  Covid­19 CONSULTANTS
Asked  if  large  corporates  were  pressur­ pandemic, the supplier is taking advantage DAIRY FARM, Consultancy, Veteri-
ising such small and medium­scale units to of the relaxation and I am suffering because nary Diploma AI training.
7200746230

PERSONAL
CHANGE OF NAME
I, Prosanto Devdas, Flat No. B2/3,
P-77, CIT Road, Scheme-VI M(S),
Kankurgachi, Kolkata 700054, P.S
Phoolbagan,sworn in an affidavit at Ci-
ty Civil Court Kolkata and changed my
daughter's name from Aditi Mary Dev-
das to Aditi Devdas for all purposes.

CM .. . ... . . ...
YK
CHENNAI

BusinessLine
TUESDAY • NOVEMBER 3 • 2020 NEWS 11

NDA’s election engine struggles to crank Bihar polls: Criminal record no bar to contest
BJP’s biggest handicap is the absence of To top it, an audio of the JD Parties show scant regard for SC norms on crore.  It  is  a  relatively
(U)  MP  from  Bhagalpur  Ajay “young  election  in  Bihar
Amit Shah on ground to manage the show Mandal has brought out the fis­ fielding candidates with criminal records with as many as 42 per cent
sures in the ruling alliance. In of  the  candidates  being
POORNIMA JOSHI elections over the last six years. the  audio  tape,  circulated  en­ OUR BUREAU Simultaneously,  giving between  the  age  of  25­40.
New Delhi, November 2 To  top  it,  most  of  the  cam­ thusiastically  by  the  opposi­ New Delhi, November 2 details  of  201  candidates About 48 per cent of the can­
The NDA’s campaign in the on­ paigners  —  the  BJP’s  Bihar  in­ tion,  Mandal  is  heard In flagrant disregard for Su­ who  are  sitting  MLAs  in  all didates are in the age group
going Bihar Assembly polls has charge  Devendra  Fadnavis, underlining  that  the  JD(U) preme  Court  guidelines  on the  three  phases,  the  ADR of 41 to 60 years while 11 per
been  hit  by  Covid­19  and Smriti Irani, Rajiv Pratap Rudy, should work against the BJP. He fielding  candidates  with said their assets have almost cent  are  between  61­80
mounting  worries  over  brew­ Sushil  Modi,  Shahnawaz  Hus­ is heard saying that the BJP has criminal record, over 70 per doubled since their last elec­ years.  Two  candidates  de­
ing dissatisfaction in JD(U) over sain, former BJP State unit Pres­ deliberately tried to mar the JD cent  of  the  contestants  in tion in 2015.  clared their age to be above
allegations of BJP covertly back­ ident  Mangal  Pandey,  several (U)’s  chances  by  encouraging the  third  phase  of  polls  be­ In 2015, the average assets 80.
ing Chirag Paswan and his Lok alliance MPs and campaigners Chirag  Paswan’s  LJP  in  every longing  to  the  three  major of  these  MLAs  was  ₹2.85
Janshakti  Party  (LJP) including Muzaffarpur le­ seat which has been allocated political  parties  in  Bihar  – crore whereas their average Women, education
against  chief  ally  and gislator  Ajay  Nishad, BJP workers at a public rally in Rohtas district (file photo) PTI to them. Deputy Chief Minister RJD,  BJP  and  Congress  — assets  as  declared  in  their The  representation  of  wo­
Chief  Minister  Nit­ JD(U) MP from Sit­ Sushil Modi has since accused have criminal cases against elections affidavits this time men  is  still  way  too  short
ish Kumar. amarhi Sunil Ku­ Shahnawaz  Hussain  told in  Bihar.  Chief  Minister  Nitish Mandal  of  “misleading”  the them,  said  a  report  by  the round, is ₹4.85 crore. “Their with only ten per cent of the
The  BJP’s mar Pintu et al — BusinessLine. Kumar, who is nearing 70 years, voters  and  acting  against  the Association  for  Democratic assets  have  nearly  doubled candidates being women.
biggest  handi­ have  been is being careful about the cam­ interests of the alliance. Reforms  (ADR)  and  the  Na­ in  the  last  five  years,”  said So  far  as  the  educational
cap in Bihar is the struck  by Elders holding the fort paign and restricts himself to a A day  ahead  of  the  crucial tional Election Watch. Head of the ADR Major Gen­ qualifications  go,  41  per
absence of Home Covid­19.  Fad­ It has fallen to the Prime Minis­ maximum of four poll rallies in second phase polling on Tues­ eral  (Retd)  Anil  Verma.  Of cent of the candidates have
Minister  and  the navis  and  Hus­ ter Narendra Modi and Defence a day. day when 94 of the 243 seats in Track record the  total  1,195  candidates studied  till  either  primary
party’s  chief sain  are  still Minister Rajnath Singh to hold the  Legislative  Assembly  will In the RJD, 32 of the 44 or 73 surveyed, 361 or 30 per cent or  secondary  level  school
strategist Amit Shah. under  treatment  at the  fort  in  Bihar  while  the Strife within vote across 17 districts, there are per cent of the candidates in are “crorepatis”. while 48 per cent are gradu­
Shah,  who  was  down the All India Institute of second rung of campaigners is His  chief  rival  and  star  cam­ questions  within  the  rungs the  third  phase  have  crim­ The  candidate  with ates and above. There are as
with Covid­19 in the run­up to Medical Sciences. either  sick,  convalescing  or paigner  for  the  opposition over  whether  the  strategy  to inal  cases; 76  per  cent  can­ highest  declared  assets,  BK many  as  322  among  a  total
the  polls  and  was  unable  to “I  am  going  to  be  tested have  barely  recovered  to  cam­ Grand  Alliance  –  the  much corner  ally  Nitish  Kumar  may didates  from  the  BJP  have Singh  from  Warisnagar,  be­ of  about  3,700  candidates
camp in the State and supervise again today. I have been asked paign with full gusto. younger  Rashtriya  Janata  Dal drag  the  BJP  too  down  a  few criminal  records;  and  the longs  to  RJD  and  has  de­ who  are  “literate”  and  15
the minutiae of the campaign to  self­isolate  for  two  weeks  if Both the PM and the Defence (RJD) leader Tejaswi Yadav is ad­ notches  in  this  complicated Congress has as many.. clared  assets  of  ₹85.89 who are totally illiterate.
as he had done in most crucial the  test  comes  out  negative,” Minister have addressed rallies dressing over 17 rallies in a day. election.

INTERVIEW

‘Australia can support India’s initiatives in industry, defence, EV, energy’

NARAYAN LAKSHMAN security and broader stability It  has  accelerated  geostrategic Y
Z Could you talk a little bit experimental facilities, how and opportunities exist We  recognise  that  it  is  face­to­
November 2 across the region? competition,  and  it  has  obvi­ more about special minerals could Australia help India between India’s long- face  learning,  like  face­to­face
Australian High Commissioner to It will demonstrate the ability of ously disrupted our way of life. It and rare earth products? move forward? standing programme and working  is  still  what  most
India Barry O’Farrell took charge our navy to work through exer­ has  highlighted  the  import­ What exactly are specifics on Australia  is  already  contribut­ Australia’s relatively new people want. A number of Aus­
a month before the Covid-19 cises, warfare serials and the like ance, to countries like India and where Australia can help ing to India’s national quantum space ambitions. tralian  States  are  starting  pilot
pandemic struck in India, yet his with  the  navies  of  India,  Aus­ Australia, of ensuring a safe, se­ move things forward? mission by facilitating partner­ Australia  and  India  have  been programmes  to  demonstrate
time here has seen a steady tralia, the US and Japan. That is cure, and prosperous future for If you want to build batteries or ships with universities, research cooperating  together  as  coun­ that students can be picked up
uptick in the momentum of important  because,  were  there our citizens.  electric  vehicles,  lithium, institutions  and  businesses. tries since 1987, when we inked and  returned  to  Australia  into
bilateral cooperation including a to be a regional crisis, like a nat­ That’s why, as part of the CSP, amongst  other  items,  is  re­ That includes one of the best re­ our  first  MOU,  and  there  is  a campuses safely given the Covid
Prime Ministerial summit in June ural  or  humanitarian  disaster, there  were  agreements  in  rela­ quired. We know that, that your lationships we have with India, strong  engagement  between spread. My Education Minister,
and, more recently, Australia’s the  ability  to  work  smoothly tion  to  critical  technologies northern  neighbour  is  your which  is  the  Australian  India ISRO  and  Australian  agencies. Dan Tehan, made the point two
inclusion in the Malabar naval with partners is critical.  such  as  artificial  intelligence, most  significant  supplier  of Strategic Research Fund, which We  have  undertaken  data  col­ weeks  ago  that  the  Australian
exercises. It  builds  particularly  on  the quantum  computing,  and  5G The pandemic has these critical minerals. We know has been going for over 20 years. laboration  on  Indian  remote Government is keen for that to
He spoke to Narayan maritime  agreement  that  was because we recognise the oppor­ highlighted the that India is seeking to become Since 2013, one of our Australi­ satellites.  Since  2013,  we  have happen as soon as possible. The
Lakshman about the range of one  of  the  agreements  under­ tunities they present to people, importance, to countries more self­reliant. We know that ans  of  the  Year,  Professor been doing laser ranging for In­ latest part to be announced was
cooperative initiatives on the neath  the  CSP,  but  also  to  the to  businesses,  to  the  broader like India and Australia, imports  from  China  are  redu­ Michelle  Simmons,  has  led  a dian regional navigational satel­ one  from  South  Australia  that
anvil. Excerpts: mutual  logistic  support  ar­ economy, and the fact that they of ensuring a safe, secure, cing.  Australia  potentially  sees team  of  researchers  at  New lite  systems.  We  are  exploring will  fly  students  out  of  Singa­
rangement,  which  is  designed should  be  guarded  by  interna­ and prosperous future an opportunity for us to provide South  Wales  University’s how  we  can  place  temporary pore  into  Australia.  There  was
Regarding the to  improve  the  collaboration tional standards to ensure they for our citizens elements into India’s efforts to (UNSW)  Centre  for  Quantum ground station tracking facilit­ an early one announced by the
announcement of Australia between our armed forces. do not present risks, to security improve its manufacturing, de­ Computation and Communica­ ies in Australia to support that Northern Territory. 
BARRY O’FARRELL
joining the Malabar naval or  prosperity.  The  Australia­In­ Australian High Commissioner fence  and  electric  vehicle  and tion  Technology,  seeking  to Gaganyaan Mission. On the back of those, there is a
exercises, could you explain What do you see as the dia  framework  Arrangements to India energy mission projects. build  the  first  quantum  com­ hope that we will be able to re­
how this takes forward the biggest challenges in moving on  Cyber  and  Cyber  Enabled Z
Y puter in silicon. Are Australian universities turn  students  to  Australia  for
Comprehensive Strategic forward quickly on cyber and Critical Technology cooperation ical  technology  partnership  to Given the investments made following the online model? Day  One,  Term  One,  next  year.
Partnership (CSP) that Prime cyber enabled critical will  enhance  bilateral  coopera­ support research by institutions by India under its national Looking at space How do you see them But it will depend on those State
Ministers Narendra Modi and technologies? tion. It provides a programme of in  both  Australia  and  between quantum mission, and the technologies, India has made recovering? When will things trials. If the trials are successful,
Scott Morrison agreed in June Certainly,  the  Covid­19  pan­ ₹66 crore over four years for an institutions  in  Australia  and aspiration here to build more critical advances over several open up and what options I remain  confident  about  next
2020, in terms of maritime demic has damaged economies. Australia­India  cyber  and  crit­ India. infrastructure and decades now, what synergies will Indian students have? year.

Off to a fresh start

The Koyambedu wholesale fruit market reopened on Monday after being closed for months as the market had turned out
to be a Covid-19 hotspot BIJOY GHOSH

Retailers take the online route to banish Covid fears

NARAYANAN V WhatsApp  message  with  their sumers  are  planning  to  pur­ millennial  consumers.  Even
Chennai, November 2 requirements such as preferred chase through online channels small neighbourhood stores are
From  shopping  malls  to  indi­ colour,  brand  and  price  range. while 66 per cent will consider using these platforms to market
vidual stores on high streets, the At  the  appointed  time,  a  store standalone  shops.  “Customers their products to a wider audi­
hustle­bustle of the festival sea­ executive takes customers on a do  feel  the  need  to  reconnect ence. 
son  shopping  is  missing  this virtual  tour  displaying  a  wide with  a  sense  of  cheer  and  are “Lots and lots of new custom­
year  as  consumers  are  wary  of range of products through Face­ slowly  coming  out  to  shop. ers have come to our showroom
visiting  crowded  places  due  to Time,  WhatsApp  or  Skype  to However, they may not shop in after seeing our designs on Ins­
fear of coronavirus infection.  help  them  shortlist  and  order the  same  way  they  have  been tagram.  Even  people  sitting  in
But retailers are not willing to online.  shopping all these years. There the  US  and  UK  have  sent  their
let the fear dampen  the festive “Currently, people are scared is a lot of reliance on what is be­ parents or cousins to buy a par­
spirit of customers. From to  go  to  crowded  places. ing  shown  to  them  digitally,” ticular  dress  and  get  them
WhatsApp  video While  some  of  our Kumar Rajagopalan, CEO, Retail­ stitched  and  shipped  to  them.
shopping  to  aug­ customers  are  still ers Association of India said in In  that  way,  these  platforms
mented  reality visiting  show­ the report.  provide  a  great  opportunity,”
(AR)  and  virtual rooms,  some Leading  jewellery  brands said  Ramesh  Ramakrishnan,
reality (VR) simu­ prefer  to  shop such as GRT, NAC Jewellers and Founder and Managing Partner
lation,  leading through  video Kalyan  Jewellers  also  offer  im­ of Just Salwars.
textile  stores  and calls using Whats­ peccable  ‘In­store  experience’
jewellers  in  Tamil App,” textile baron through  exclusive  video  shop­
Nadu are leveraging Nalli  Kuppusamy ping facilities where a customer
technology  and  social Chetty  said,  adding, can view the entire collection of
media  to  offer  comfortable, “Customers  ask  our  execut­ jewellery  at  the  showroom,
safe and personalised shopping ives  to  display  all  the  sarees compare and shortlist; ask ques­
experience for buyers.  available  in  a  particular  price tions  and  make  the  choice
range and then order it to be de­ through  a  live  video  chat  ses­
Virtual tour livered to their home or pick it sion at a convenient time from
Leading  brick­and­mortar  tex­ up outside the showroom.”  the comfort of their homes. 
tile  stores  such  as  Nalli  Silks,
Pothys,  Sri  Kumaran  Silks,  The Shoppers go online Insta sales
Chennai Silks and Jeyachandran A recent  survey  ‘Festive  Shop­ All these major textiles and jew­
are upping their game on video ping Index 2020’, published by ellery brands have a strong pres­
shopping. Customers can book the  Retailers  Association  of  In­ ence in social media platforms
an  appointment  with  these  re­ dia  (RAI)  and  LitmusWorld such  as  Facebook,  Instagram
tailers by giving a missed call or noted  that  75  per  cent  of  con­ and Twitter to target young and

CM .. .. .. . . ...
YK
 CHENNAI

12 NEWS BusinessLine
TUESDAY • NOVEMBER 3 • 2020

BLOC BOARDROOM CHALLENGE 2020

Why loan waivers do not curb farmer suicides Entries open for contest
Small and marginal farmers turn to private egory.  There  are  around  21.6 are  not  a  lasting  solution  to OUR BUREAU the semi­final round, the market­
crore  small  and  marginal farmer distress. Chennai, November 2 ing  and  financial  knowledge  of
moneylenders, not financial institutions farmers  (or  4.3  crore  famil­ The  government  had  un­ The  BLoC  Boardroom  Challenge the students is tested during the
ies). The SMF are the most af­ dertaken  a  study  “Farmers 2020, a unique case challenge for case presentation. 
Interestingly,  loan  waiver fected during times of floods, Suicide  in  India:  Causes  and B­schoolers,  now  in  its  fourth The  preliminary  round  in  all
DATA FOCUS is  among  the  popular droughts,  and  other  natural Policy  Prescription”  in  2016­ year, is open for entries. For the the  previous  years  has  been  on­
schemes  even  in  States  that calamities  and  majority  of 17 through the Institute of So­ preliminary  qualifying  round, line, where students are admin­
RADHESHYAM JADHAV have  seen  fewer  farmer  sui­ them are more prone to com­ cial  and  Economic  Change management students will need istered a psychometric test to as­
Pune, November 2 cides  compared  to  the  top mit  suicide due  to  pressure (ISEC),  Bengaluru.  The  study to  take  an  online sess  their
Farm  loan  waiver  to  provide five  States  that  reported  the from the moneylenders.  covered  13  States  and  con­ test  on  www.bl­ decision­making
relief  to  distressed  farmers highest  number.  States  in­ It’s  not  only  the  State  gov­ cluded  that  frequent  crop boardroomchal­ skills and ability to
has become a common prac­ cluding  Rajasthan,  Tamil ernments  that  are  providing failure due to the vagaries of lenge.in The  first work in teams. The
tice. But the waiving of loans Nadu, Uttar Pradesh and Pun­ financial  relief  to  curb the  monsoon,  absence  of  as­ round  is  open  for grand finale, where
has  not  really  addressed  the jab  reported  less  than  1,000 farmer  suicides  and  reduce sured water resources and at­ registration  till B­schools  which
predicament  of  the  small farmer  suicides  during  this agrarian distress. With a view tack  of  pest  and  diseases  are November 11.  won  city­specific
farmers,  if  we  compare period.  But  Uttar  Pradesh to provide income support to the most important causes of While  the  first semi­finals  com­
farmer  suicides  in  a  State waived  ₹25,233  crore  while all farmer families across the farmer distress. three  editions  of peted for the grand
that  also  offered  farm  loan Rajasthan  waived  ₹15,603 country,  to  enable  them  to The  study  suggested  that the  Challenge  saw prize,  has  always
waiver. crore in this period.  take care of expenses related there  is  need  to  bring  indi­ the  semi­finals  be­ been  in  Chennai,
Ninety  per  cent  of  farmer to  agriculture  and  allied vidual farmers under the am­ ing  staged  in  B­ with  keen  minds
suicides in India during 2014­ Illegal credit system activities as well as domestic bit of crop insurance and in­ schools  across from top B­schools
2018 took place in five States Farmer  leaders  and  activists needs,  the  Central  govern­ sisted  that  judicious  use  of eight cities around presenting  to  em­
— Maharashtra,  Karnataka, have  pointed  out  that  loan ment  started  the  Pradhan available  water  is  required. the  country,  with inent  juries  from
Telangana,  Madhya  Pradesh waivers  have  largely  be­ Mantri  Kisan  Samman  Nidhi Government  intervention the grand finale in the  corporate  sec­
and  Chhattisgarh.  Together, nefited  big  farmers  and  not (PM­KISAN). The scheme aims through  MSP  covering  the Chennai,  this  year, tor. 
these  States  have  waived the small and marginal farm­ to  provide  a  payment  of cost of production plus reas­ due to the Covid­19 Like last year, the
farmer loans  worth  ₹93,614 ers  (SMF),  who  don’t  get ₹6,000  per  year,  in  three  4­ onable  profit  margin  will situation, both the 2020 edition of the
crore — that is 59 per cent of loans  from  financial  institu­ monthly  instalments  of also  help,  the  report  added. semi­finals and the finals are be­ contest  too  is  sponsored  by
the  total  agricultural  loan tions.  These  farmers  turn  to ₹2,000,  to  farmers’  families, Risk­hedging  through  crop ing held entirely online.  Aditya Birla Sun Life Mutual Fund.
waiver  in  India  during  this private  moneylenders.  For provide  loans  to  farmers, system.  According  to  the subject  to  certain  exclusions and  enterprise  diversifica­ In 2017, the first year of the chal­ This  year,  it  is  additionally
period. example,  the  Marathwada charging  excessive  interest Ministry  of  Agriculture, relating  to  higher­income tion should be encouraged to lenge,  LIBA,  Chennai,  were  the powered by Hindustan Coca­Cola
Out  of  total  farmer  sui­ and  Vidarbha  regions  of  Ma­ rates.  roughly  85  per  cent  of  the groups.  reduce farmers’ distress, aim­ winners, followed by ISB Hydera­ Beverages  (HCCB)  while  Casa
cides  during  this  period,  41 harashtra,  known  as  farmer Many  of  these  farmers total  operational  holding  in ing  at  sustainable  income, bad  in  2018  and  IIM  Ranchi  in Grande  is  an  associate  sponsor.
per  cent  suicides  took  place suicide  zones,  have  a  strong have  extremely  small  hold­ the  country  (about  43  per The way out and  regulation  of  the  in­ 2019.  The  2019  contest  was  held The  knowledge  partners  are
in  Maharashtra,  which  has illegal  credit  system  where ings  and  hence  cannot  ap­ cent  of  the  gross  cropped But experts say that such fin­ formal  credit  market  is  ne­ across eight cities with participa­ Brand Vectors and Potential Gen­
waived ₹36,914 crore.  thousands  of  moneylenders proach  the  formal  lending area)  is  with  the  SMF  cat­ ancial  aid  and  loan  waivers cessary, the study added. tion from all the top B­schools. In esis. 

Interest credit expected this month for EPFO subscribers

SHISHIR SINHA the rule-making process for The provision of liberal formally.  It  actually  leads  to dhaba  or  can  be  just  a  street by recognised Provident
Z
Y
New Delhi, November 2 the Labour Codes enacted We have to simplify policy of hire and fire in informalisation  of  employ­ vendor.  So,  how  many  people Funds. There have been
Over six crore EPFO subscribers recently. What will be the things as well as maintain case of companies with ment.  And  the  employees  are, lost  their  jobs,  or  rather  liveli­ demands for change in
are expected to see interest for core message of this process the balance, where the number of workers less while  doing  the  same  work  or hoods, is very difficult to estim­ investment pattern of EPFO.
FY20 credited to their account as the base has been laid by interests of the workers than 300 is causing may be more, denied the bene­ ate. In the formal sector, among What is the thinking on
this month. Also, the law? and the employers are discomfort among labour fits of a permanent worker.  those  registered  in  EPFO,  con­ that?
investment pattern of EPFO will Core  principles  have  been  laid both satisfied groups. How do you want to So,  the  new  provision  actu­ crete numbers are available. As  I  understand,  the  Central
not see any change as of now. in the code. So, you can’t go bey­ APURVA CHANDRA
address this? ally leads to more formalisation Board of Trustees of EPFO is not
In an interview to BusinessLine, ond  what  the  law  is,  but  the Labour Secretary One  has  to  look  at  how  the and  better  outcomes  for  the When will EPFO interest for in  favour  of  making  any
Labour Secretary Apurva rule­making is also very import­ Z
Y world has moved and whether employees. FY2019-20 be credited in the change.
Chandra discussed a range of ant in the sense that the proced­ auto­generated  through  the things need to be looked into.  prescribing  a  limit  itself  leads subscriber’s account?
issues as he sits down to make ure to be followed to give effect website?  Those  sorts  of  things There  is  a  fine  balance,  be­ to  better  outcomes.  Because Has the government arrived I don’t think there is any prob­ When can we expect
rules for the to  what  the  law  says come in the rules.  cause if you don’t prescribe any­ one  has  to  look  in  the  overall at any estimate of job loss lem  in  EPFO  interest  credit. change in pension limit for

O
implementation of should also be as simple Then  there  are  several  other thing, it becomes open to inter­ context  of  employment,  skill during the pandemic? Some approvals are to be taken EPFO subscribers?
the labour codes. “We as possible.  issues  that  earlier  used  to  be pretation,  and  leaves  a  lot  of upgradation  and  output  pro­ In  the  informal  sector,  espe­ and  they  are  in  process.  Once The  defined  pension  of  ₹1,000
have to simplify For  example,  the  law very  prescriptive.  For  example, things to discretion.  ductivity.  Flexibility  should cially  migrant  labour,  the  un­ approvals are obtained, interest was  also  introduced  in  2014.  If
things as well as may say that a licence is in  a  canteen,  we  would  even But  if  you  are  too  prescript­ lead  to  higher  employment, employment  data  is  very  diffi­ will be credited. I hope interest we increase the limit, it will en­
maintain the balance, where to  be  given,  now  whether  that specify the height of the ceiling ive, there may be issues. So, we that  is  my  belief.  Provision  re­ cult to come by. This can only be should  be  credited  some  time tail  additional  contribution
the interests of the workers licence is to be given after an ap­ — from  the  floor  it  should  not have to simplify  things as well lated  with  government’s  con­ through a survey. A migrant la­ in November. from  the  government  because
and the employers are both plication is made in 15 days or be  less  than  1.83  metre.  These as maintain the balance, where sent for hire and fire could lead bourer  could  be  working  in  a the  government  will  have  to
satisfied,” he said. Excerpts: 30  days?  Whether  it  has  to  be things,  when  actually  tran­ the interests of the workers and to  many  of  the  companies  re­ formal establishment as well as Recently, the Finance provide some funds for defined
given  automatically?  Whether scribed  in the  field,  become the  employers  are  both stricting their numbers or hav­ informal  establishment.  He Ministry notified investment pension  irrespective  of  how
The Ministry has initiated after the expiry of 15 days, it is very prescriptive. These sorts of satisfied. ing  their  employees  work  in­ might be working at a roadside in lower rated debt papers much subscriber contributes.

CM .. . . . . . ...
YK
CHENNAI

BusinessLine
TUESDAY • NOVEMBER 3 • 2020
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20 Micron [5] 28.40 27.95 28.85 28.85 27.35 35.76 41.00 19.20 6 28.00 Cent.Ply [1] 172.60 179.20 172.60 180.65 171.55 145.06 196.60 95.00 39 179.35 GTN Ind 6.85 6.95 6.35 6.95 6.35 0.81 12.49 4.94 - 7.08 Kopran 130.45 135.85 132.00 136.95 126.25 1204.96 136.90 16.15 28 135.75
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3i Info 3.00 2.95 3.00 3.00 2.90 1553.85 4.53 1.15 - 2.93 CentDepoSer 483.15 466.75 486.00 486.95 464.00 737.89 513.90 179.80 - - Gufic Bio [1] 102.30 108.50 103.15 109.15 102.40 567.41 109.05 37.55 69 108.60 Kothari Pet [5] 15.05 15.00 15.00 15.20 14.85 6.03 0.15 0.05 - -
3m India 18675.35 19214.60 18675.30 19299.90 18400.00 6.61 25208.70 15685.60 230 19201.05 CentrumCap [1] 15.90 16.55 16.20 17.00 15.60 635.23 28.10 7.70 - 16.30 Guj.Alk 324.10 316.15 325.00 325.00 315.25 29.17 480.00 165.00 11 316.50 Kothari Pro 58.90 58.10 59.15 59.15 57.45 1.11 104.70 29.10 5 57.70
3PLandHold 6.80 6.50 6.50 6.50 6.50 0.52 8.10 3.40 - - Cera San [5] 2651.25 2714.65 2738.95 2738.95 2625.00 4.26 2825.00 2000.75 35 2708.25 Guj.Ind.Pow 68.25 67.10 68.85 68.85 66.60 29.24 87.00 42.50 4 67.15 Kothari Sug 13.80 13.70 13.80 14.00 13.70 9.68 15.85 4.45 - -
63MoonsTec [2] 77.50 74.95 79.65 79.65 71.10 82.24 127.00 39.75 - 74.50 Cereb.Int 28.10 28.35 28.15 29.50 28.00 182.35 45.00 17.00 19 28.40 Guj.Lsg.Fin 2.40 2.35 2.40 2.50 2.35 20.17 2.92 1.08 - 2.29 Kpit Tech 94.20 90.75 94.50 94.90 89.75 576.29 129.70 34.35 - -
CESC 563.00 572.25 563.10 577.05 555.10 216.92 845.85 366.20 9 571.80 Guj.Pipav 88.55 88.80 87.80 90.00 86.65 141.86 99.30 45.50 15 88.90 KPR Mill [5] 739.00 735.80 755.00 755.90 728.05 76.35 782.95 316.90 19 736.05
A ................................................ CESCVentures 220.95 217.60 219.30 224.90 215.15 40.88 389.00 112.05 3 217.75 Guj.Sid.Cem 33.85 33.55 34.00 34.30 33.15 139.54 36.30 13.10 9 33.55 KRBL [1] 255.85 250.70 258.00 258.05 249.00 119.22 339.60 91.25 11 251.05
A2Z InfraEng 3.80 3.75 3.75 3.85 3.65 213.92 11.40 2.82 - 3.75 CGPowr&InS [2] 31.40 30.35 32.45 32.70 29.85 9358.80 32.70 4.69 - 30.15 Gujarat Gas [2] 296.60 296.70 297.00 298.10 290.30 638.93 334.65 189.20 20 296.90 Krebs Bio 86.90 86.95 85.60 87.45 85.30 2.37 111.35 60.65 - -
AakashExplor 50.80 52.45 51.05 53.30 50.60 29.53 55.80 48.35 - - ChaletHotels 136.40 137.90 135.80 139.45 135.00 55.73 395.00 99.00 74 137.80 GujaratFluor 479.75 470.05 489.85 495.00 464.00 6.05 667.50 217.35 - - KridhanInfra [2] 2.50 2.45 2.45 2.50 2.40 84.25 5.84 1.10 - 2.45
Aarti Drug 680.95 654.95 678.40 678.40 650.00 845.80 1025.00 105.56 28 655.05 Chamb.Frt 162.60 156.75 163.00 163.60 156.05 551.76 186.00 95.25 5 156.80 Gul.Amb.Ex [1] 115.35 113.20 115.35 115.75 111.65 53.34 130.70 42.53 12 113.10 KSB 452.85 440.75 454.85 454.85 437.00 28.16 764.00 386.00 - -
Aarti Ind [5] 1000.55 1010.00 1028.00 1028.00 990.00 144.13 1229.10 662.05 38 1007.50 ChembondChem 152.00 153.25 150.25 156.00 148.15 8.40 221.00 90.05 13 124.65 Gul.Apl 209.95 209.65 216.00 216.20 206.55 7.26 249.00 100.00 26 209.60 KSK Ener 0.40 0.35 0.40 0.40 0.35 866.26 0.77 0.28 - 0.39
Aarvee Den 10.65 10.45 10.65 10.65 10.30 0.20 17.00 6.30 - 10.74 ChemconSpecl 411.60 425.80 418.10 431.00 413.15 630.95 731.25 398.00 - - Gulf Oil Lub [2] 659.85 669.90 653.30 672.80 653.30 7.17 900.50 450.00 20 669.45 KuantumPaper 39.85 39.90 40.20 40.65 39.00 3.17 699.80 38.00 - -
AarviEncon 37.65 35.05 36.40 38.35 34.50 5.28 46.00 24.70 - - ChemfabAlkal 130.60 125.20 130.25 130.25 123.20 8.31 221.75 91.00 - - GulshanPoly [1] 64.50 64.05 64.65 65.90 63.20 33.41 69.75 19.90 16 64.00 Kwality [1] 2.45 2.40 2.50 2.55 2.40 147.21 5.97 1.25 - 2.42
AavasFinance 1431.40 1425.75 1431.00 1468.00 1399.95 32.34 2078.30 845.75 46 1426.15 CholaFin [2] 273.25 293.05 271.00 294.90 268.6513380.53 348.85 117.40 19 292.75 GVK Pow [1] 2.90 2.80 2.90 2.90 2.80 1823.75 5.68 2.00 - 2.82
AB Money [1] 42.20 41.80 42.00 42.65 41.50 149.53 47.45 16.25 18 41.75 CholamandF [1] 387.25 401.75 392.80 404.60 385.25 213.53 568.20 222.00 98 401.60 L ................................................
Aban Off [2] 22.75 22.60 22.65 22.90 22.30 17.59 34.90 12.60 - 22.80 Cigniti Tech 458.00 445.80 446.00 459.05 445.00 28.48 506.00 175.10 22 445.70 H................................................ L&T [2] 929.50 929.30 930.00 937.95 920.65 3682.17 1486.60 661.05 10 929.20
ABB [2] 893.70 875.65 888.00 900.40 868.60 86.89 1411.80 722.45 75 875.85 CIL Nova 6.20 6.40 5.90 6.50 5.90 5.06 12.49 3.80 - 6.60 HappiestMind 338.95 340.55 339.80 344.90 335.25 1406.31 394.95 307.00 - - L&T Fin Hld 64.40 65.70 64.75 66.40 64.4011895.61 134.00 46.00 59 65.65
AbbottIndia 15298.15 15512.00 15300.00 15550.00 15150.00 6.69 18569.00 11369.30 50 15509.95 Cineline Ind [5] 25.50 25.05 25.95 26.45 24.40 16.79 45.95 16.30 8 25.05 Harita Seat 405.00 402.15 408.05 410.95 397.10 3.22 525.20 291.00 - 401.50 L&TInfotech [1] 2918.50 2853.10 2900.00 2955.00 2831.00 279.55 3515.15 1207.60 31 2854.60
ABBPowerPro 964.30 936.20 955.70 975.90 920.25 28.63 1100.00 784.10 - - Cipla [2] 754.50 751.25 757.50 762.35 744.40 3265.89 829.00 356.75 27 750.95 Harri.Mal 94.60 94.45 94.60 96.90 94.40 32.83 108.00 46.40 20 94.50 L&TTechSer [2] 1667.35 1620.75 1679.25 1679.25 1605.00 87.96 1879.00 995.00 25 1623.35
ABCapital 64.75 68.45 65.00 69.10 63.85 3470.02 115.30 37.45 - 68.45 CitiUn Bk [1] 147.70 152.65 149.00 154.50 148.50 896.81 249.00 110.10 25 152.45 Hatsun Agro [1] 800.80 805.45 808.00 810.00 794.00 20.67 875.00 375.05 82 806.70 La Opala [2] 204.20 204.10 204.20 208.25 203.20 51.94 251.60 131.50 37 204.00
ACC 1649.00 1665.85 1649.00 1671.00 1630.00 1106.01 1700.90 895.50 26 1665.45 Clari.Chm 294.50 288.70 296.00 296.05 288.00 20.89 608.00 192.00 15 288.75 HavellsIndia [1] 727.90 781.60 730.00 790.00 730.00 8059.93 789.00 447.20 64 782.15 Lak.Vl. Bk 15.50 15.40 15.10 15.50 15.10 542.34 106.85 68.55 1 -
AccelyaKal 862.70 848.85 867.90 980.00 846.55 16.20 1247.00 811.00 22 850.30 CMI 33.80 34.00 34.50 34.50 32.15 9.86 76.50 19.50 - 33.45 HBL Pwr [1] 20.75 19.25 21.00 21.00 18.75 585.01 21.25 9.15 - 19.40 LakFinIndCor 56.50 59.20 56.50 59.20 56.50 0.21 92.05 32.25 - -
Action Con [2] 71.05 72.55 71.70 73.15 69.30 154.01 93.80 31.50 22 72.70 Coal India 114.20 115.70 114.60 116.30 113.5512785.80 217.90 109.50 6 115.65 HBStockhold 5.40 5.30 5.30 5.30 5.30 0.98 8.35 4.75 - - LambodText [5] 27.85 27.95 28.05 28.80 27.20 3.56 40.50 17.50 6 27.85
Adani Ent [1] 339.70 341.10 339.10 344.30 333.05 4272.02 347.45 116.25 253 340.85 CochinShip 338.90 340.00 343.70 343.70 336.65 93.76 491.15 209.00 8 339.80 HCC [1] 4.95 4.85 4.95 5.00 4.80 1143.06 13.31 3.60 - 4.86 LasaSuperGen 71.90 69.30 73.70 73.70 68.60 79.71 83.00 16.90 16 69.05
Adani Ports [2] 359.85 356.90 360.00 362.70 351.20 9364.43 405.00 203.40 42 357.25 COFORGE 2205.65 2117.90 2205.00 2226.05 2101.95 429.33 2814.00 735.35 - - HCG 120.10 120.05 119.90 121.95 118.90 21.19 138.00 62.95 - 119.95 LaurusLabs [2] 319.40 300.85 319.50 319.70 298.4510620.52 345.00 61.90 28 300.75
Adani Pwr 35.75 35.95 36.00 36.50 35.85 1588.33 73.75 24.30 - 35.95 Colgate [1] 1516.70 1510.50 1516.70 1523.90 1492.10 511.51 1641.00 1065.20 47 1508.85 HCL Info [2] 7.65 7.60 7.75 7.75 7.55 61.94 12.35 3.20 - 7.55 LemonTreeHot 27.00 27.15 27.40 27.50 26.85 516.20 65.80 13.80 - 27.00
AdaniGas [1] 220.50 219.35 221.40 226.60 216.10 4461.17 226.60 76.70 60 219.45 CompuageInf[2] 13.50 13.95 13.45 15.50 13.35 102.80 21.00 7.49 3 13.72 HCL Tech [2] 841.95 822.40 841.95 843.85 819.20 5953.17 910.75 375.50 23 822.20 LG Balakri 249.50 250.40 249.50 259.45 247.00 74.89 369.90 146.00 11 249.35
AdaniGreenEn 856.40 859.20 860.00 899.20 835.15 2583.07 899.05 83.50 834 859.15 Compucom [2] 7.25 7.15 7.30 7.30 6.85 15.60 11.30 3.05 - 7.15 HDFC [2] 1923.55 2040.80 1916.00 2065.00 1916.00 7635.98 2499.65 1473.10 21 2042.65 LGB Forge [1] 2.60 2.55 2.60 2.65 2.45 1.31 4.26 1.56 - 2.60
AdaniTranmsn 290.15 287.20 291.80 296.85 286.00 217.26 365.80 147.50 - 286.85 ComputerAge 1296.85 1299.10 1302.00 1320.00 1290.95 194.55 1489.00 1290.95 - - HDFC AMC [5] 2250.20 2251.50 2254.00 2268.00 2225.90 150.06 3844.00 1963.60 39 2250.15 LibasDesigns 29.80 29.65 30.85 30.85 29.00 16.97 58.00 28.00 - -
ADF Foods 414.00 407.15 419.90 419.90 405.05 14.73 459.75 123.35 29 406.75 Con.FinHld 34.10 33.25 35.85 35.85 33.10 0.41 78.40 26.55 - - HDFC Bank [1] 1183.55 1215.25 1194.35 1225.00 1177.5010963.04 1304.10 738.90 24 1215.50 Liberty Sh 140.50 137.20 141.00 141.10 136.70 48.29 181.90 64.05 - 137.30
AdityaBirFas 153.30 152.05 154.65 154.65 150.55 881.01 281.17 95.65 - 151.95 Concor [5] 390.90 392.15 392.00 394.40 385.40 965.28 608.00 263.20 23 392.00 HDFCLifeIns 589.75 587.50 590.80 594.50 585.60 2206.06 647.50 339.15 89 587.15 LICHsgFin [2] 282.95 299.10 284.05 301.00 283.65 4834.04 486.40 186.00 6 299.05
Ador Weld 240.30 237.75 240.95 240.95 236.10 4.21 368.80 163.15 13 237.20 ConfdnPetIn [1] 26.65 26.05 27.10 27.10 25.50 220.15 31.25 12.85 25 26.15 HEG 675.80 663.15 678.15 680.10 659.00 113.37 1299.80 413.20 - 662.90 LIKHITHA INFR 149.15 146.90 152.55 154.80 144.00 233.18 176.00 143.20 - -
AdunikInd 18.55 18.20 18.35 18.40 16.70 5.41 127.00 13.70 - 18.55 ControlPrint 216.75 216.65 215.00 220.75 214.85 3.11 317.80 150.90 14 215.80 Heidelbrg 184.65 184.10 185.00 185.95 182.00 208.97 217.80 120.00 17 184.20 Linc Pen&Pla 154.65 155.50 154.45 159.00 151.35 1.63 247.90 115.20 21 151.35
AdvancedEnz[2] 312.80 303.20 314.70 314.80 301.00 154.33 384.75 91.05 56 303.10 CoralIndFin [2] 19.05 19.45 18.45 19.60 18.45 5.20 35.16 8.25 10 19.70 Herc.Hoi [1] 88.45 88.95 89.65 90.30 88.30 12.90 108.30 47.90 24 88.95 Lincoln Phar 216.45 228.10 220.00 230.00 213.20 102.87 283.00 85.50 9 227.85
Advani Hot [2] 40.45 39.05 39.90 40.75 38.10 4.06 64.90 24.90 - 39.00 Cords Cab 40.20 39.55 39.50 41.10 39.05 13.59 58.00 22.10 6 39.35 Herit.Fds [5] 306.45 302.05 306.95 306.95 296.60 67.62 407.70 146.70 - 302.70 Linde Ind 834.85 833.45 838.00 839.05 820.05 30.98 859.90 378.00 59 833.30
Aegis Log [1] 207.05 206.35 209.00 210.50 204.20 159.03 266.95 108.10 108 205.70 Corom.Intl [1] 726.55 717.15 725.00 734.70 700.00 362.12 838.00 444.20 17 718.90 HeroMoto [2] 2799.80 2835.65 2888.00 2888.00 2812.00 2671.71 3393.85 1475.00 22 2834.60 LloydsSteel [1] 0.65 0.70 0.65 0.70 0.65 652.68 1.52 0.30 - 0.69
Affle(India) 2654.40 2654.25 2661.60 2724.00 2601.00 36.68 3143.00 908.95 224 2654.40 Cosmo Film 458.65 439.35 454.50 466.20 435.00 148.44 491.00 187.20 6 439.25 Hester Biosc 1769.80 1727.45 1760.00 1788.00 1713.80 7.22 1890.00 870.00 48 1726.40 LMW 4004.65 4054.65 3961.20 4077.05 3961.20 8.38 4145.60 2001.00 380 4052.55
Agarwal Inds 85.00 83.15 85.05 85.05 82.20 4.87 124.05 44.00 7 83.95 CounClubH [2] 3.00 3.00 3.00 3.10 3.00 20.03 4.13 1.69 - 3.04 HFCL [1] 17.25 17.00 17.35 17.40 16.90 3486.72 20.00 8.15 - 17.00 Lok.Mach 19.65 19.45 19.50 20.40 19.20 13.28 38.00 12.80 - 19.40
AGC Net 630.30 587.50 634.50 640.00 581.25 28.07 668.65 108.25 - 590.35 Count.Cond [1] 3.15 3.30 3.30 3.30 3.30 5.37 3.67 0.95 - 3.67 HGInfraEngg 179.15 175.80 178.00 180.05 175.00 8.96 294.95 135.00 8 176.90 Lotys Eye 32.05 30.45 32.00 33.20 30.25 4.07 39.85 16.65 - 30.35
AgriTech Ind 28.30 27.35 27.30 29.05 27.15 2.98 52.10 17.00 - 27.20 CPCL 77.00 75.50 77.00 77.65 75.10 476.04 168.80 47.70 - 75.55 Hikal [2] 163.65 163.20 165.00 167.45 161.55 225.52 204.40 57.00 23 163.40 Lovable 53.20 52.65 53.20 53.80 51.90 7.00 87.35 34.00 - 52.55
Agro Tech 714.05 709.15 717.65 733.85 700.75 9.35 825.00 350.00 52 708.00 CrdtacsGramn 647.95 632.85 650.00 650.00 621.00 138.06 1000.80 305.75 33 632.05 HIL 1730.65 1679.00 1660.00 1717.70 1660.00 8.07 1880.00 497.15 15 1678.80 LT Ovrseas [1] 53.15 50.85 53.40 53.40 50.15 1459.24 63.50 13.00 18 50.90
AgroPhosInd 8.25 8.20 8.20 8.70 8.00 22.87 155.40 4.95 - - CreatPer&Dis 134.60 139.90 134.60 148.05 134.60 46.25 151.00 64.05 - - Hilton Mtl 8.95 9.10 9.25 9.25 8.60 3.53 18.94 5.71 - 8.95 Lumax tech [2] 95.30 95.80 99.70 99.70 95.00 13.37 121.80 48.00 19 95.55
Ahluwalia [2] 217.95 213.55 217.60 217.60 203.55 24.01 369.30 136.05 30 213.05 Crest Ventu 81.85 81.05 81.05 81.95 80.15 1.72 114.40 44.60 43 81.35 HimadriSpe [1] 47.15 45.70 47.00 47.60 45.50 690.76 77.25 27.30 16 45.65 Lumx Ind 1247.00 1254.65 1241.00 1273.95 1241.00 1.17 1695.95 702.00 39 1255.00
AIA Engg [2] 1699.20 1661.05 1729.00 1729.00 1620.00 84.31 1985.05 1111.00 18 1660.35 Crisil [1] 2064.80 2050.35 2075.00 2124.00 2013.95 96.97 2125.00 1083.50 52 2046.45 Himat.Seid [5] 127.15 120.90 124.50 127.00 120.80 250.99 157.80 43.00 21 120.80 Lupin [2] 909.25 912.50 912.00 917.90 900.05 3207.15 1121.85 505.00 33 912.15
AIRAN 12.00 11.50 11.95 12.00 11.35 11.18 19.55 8.20 - - CromGreaCo [2] 299.30 291.20 300.90 302.90 285.70 1333.97 328.45 177.90 39 291.65 Hind.Compo [5] 178.85 178.40 179.15 183.35 177.15 0.78 255.00 95.20 24 179.30 Lux Indust. [2] 1400.90 1404.90 1400.00 1417.90 1379.00 88.74 1680.00 812.80 26 1404.90
Ajanta Phr [2] 1573.15 1575.85 1585.75 1589.40 1570.25 99.59 1759.35 906.50 32 1574.85 CSB BANK 231.30 236.05 233.00 238.20 227.55 138.08 314.20 95.00 45 236.25 Hind.Cop [5] 32.95 32.40 33.00 33.30 32.15 262.03 51.00 18.30 - 32.50 Lyka Labs 17.35 17.40 17.70 18.00 17.35 4.65 24.85 9.70 - 17.30
Ajmera 83.55 86.60 82.50 89.00 82.50 284.95 155.50 53.00 14 86.60 CubexTub 11.25 11.15 11.25 11.25 10.70 1.14 26.04 9.10 - 11.15 Hind.Media 50.30 49.00 50.30 50.50 48.15 4.96 92.00 35.50 5 49.10 Lypsa Gem 2.85 2.70 2.90 2.90 2.70 10.10 6.85 2.39 - 2.76
Aksh Opti [5] 5.65 5.55 5.80 5.80 5.45 153.53 9.80 2.68 - 5.59 CUMI [1] 284.20 295.15 283.00 296.70 282.45 1525.47 361.40 175.00 34 294.75 Hind.Mot [5] 5.00 4.90 5.05 5.05 4.90 33.60 8.40 2.51 - 4.92
AksharChem 204.45 203.20 203.95 208.05 202.80 2.24 340.00 140.00 14 202.60 CumminsInd [2]
Cupid Ltd
434.10
208.55
436.90
206.35
434.60
210.05
438.40
210.80
428.90 937.68
205.00 22.33
652.80
295.00
281.60
115.00
23
7
437.00
206.35
Hind.N.Gls [2] 25.00 25.00 24.05 25.40 24.05 60.91 48.30 22.50 - - M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Akzo 1983.35 1961.45 1991.65 1998.95 1951.00 3.14 2515.00 1730.00 55 1962.05 Hind.Oil.Ex 63.65 63.55 64.00 64.40 60.35 130.16 109.40 30.55 9 63.20 M&M [5] 594.00 596.05 592.00 599.90 589.00 4085.12 666.35 245.80 47 595.85
Alankit [1] 15.50 15.45 15.80 15.80 15.30 23.15 21.70 8.25 - 15.45 Cybertech 76.95 74.50 78.45 78.45 73.90 97.03 99.90 22.50 18 74.55 Hind.Rect [2] 122.00 122.00 124.65 124.65 121.15 3.22 269.95 89.65 15 123.10
CYIENT Ltd [5] 394.30 402.70 394.90 404.50 394.80 287.47 514.00 184.15 18 402.25 M&M Fin [2] 122.30 125.00 123.40 125.85 122.25 9116.77 245.75 76.47 15 125.00
AlbertDavid 386.50 389.45 384.05 398.25 383.25 5.74 568.35 255.00 25 388.90 Hind.Znc [2] 203.30 202.95 203.60 204.80 200.05 948.81 258.80 122.00 14 202.75 Maan Alum 67.50 65.40 67.25 67.85 65.10 6.55 80.90 23.65 6 65.55
Alchemist 4.55 4.40 4.55 4.55 4.35 19.19 7.97 0.61 - 4.50 Hindalco [1] 170.65 170.75 171.50 172.50 167.6511083.05 221.20 85.05 62 170.80 MacpowerCNC 60.55 60.30 63.85 63.85 58.55 4.22 100.60 53.10 - -
Alembic [2] 92.45 89.50 92.00 92.60 89.10 413.12 122.75 25.00 24 89.40 D................................................ HindujaGlo 664.75 665.05 668.05 671.00 660.10 6.85 1008.00 412.20 6 663.95 Madhav 25.15 24.35 24.50 25.65 24.15 0.19 41.00 17.60 8 25.75
Alembic Ph [2] 964.60 967.00 956.00 970.00 943.85 214.20 1128.00 436.10 16 966.40 D P WIRES 67.50 73.20 64.80 74.25 64.80 2.00 98.00 41.15 - - HindustnAero 687.10 674.95 691.00 693.00 670.10 257.44 1423.55 448.00 9 674.85 MadhavCopper 61.85 60.00 61.50 63.00 58.00 1.58 81.70 54.30 - -
Alicon [5] 306.30 301.00 310.05 310.05 294.25 1.96 450.10 169.50 - 296.20 Dabur [1] 511.45 506.25 515.00 516.80 504.05 3217.50 535.00 385.05 71 506.15 HindustnFood 882.65 867.65 889.00 889.00 858.05 4.09 990.00 380.00 - - MagadhSug&En 109.70 105.10 109.95 110.00 103.95 9.75 150.00 54.00 2 105.00
Alkali Met 48.05 47.10 48.75 48.75 46.55 6.47 59.50 20.65 - 47.00 Dalm.B.Sug [2] 130.45 128.10 130.00 130.00 127.50 37.56 156.00 40.30 4 127.95 HisarMetalIn 78.05 77.90 80.50 80.50 76.25 13.20 93.00 36.20 21 78.55 Magma Fin [2] 36.75 37.05 37.90 37.90 36.25 236.10 71.00 12.70 - 37.05
AlkemLabs [2] 2634.30 2659.35 2634.30 2666.00 2616.00 51.18 3089.55 1945.00 22 2657.45 DamodarInd [5] 22.85 22.60 22.50 24.00 22.50 2.53 34.50 13.65 - 22.35 HiTech Gr 104.10 102.15 101.80 105.50 101.75 1.62 218.50 64.00 - 101.20 Magn.Ven 4.45 4.50 4.30 4.65 4.30 5.11 7.12 2.00 - 4.13
Alkyl Amine [5] 2967.65 2889.55 2980.00 2980.00 2880.00 22.01 3600.00 853.40 28 2891.00 Datamatics [5] 72.65 72.10 74.65 74.65 71.40 29.62 89.75 28.10 18 72.20 Hi-TechPipes 128.85 126.00 131.60 131.60 123.30 11.29 126.50 41.40 - 78.50 Mah.Cie.Auto 137.60 137.30 137.60 138.90 135.80 136.80 179.10 59.05 69 136.90
Allcargo [2] 117.90 119.25 118.90 120.00 117.50 72.67 139.90 51.50 16 118.95 DB Corp 73.85 74.65 73.90 74.90 73.60 58.65 150.50 59.00 15 74.40 HLV 4.65 4.70 4.75 4.75 4.70 45.22 8.00 2.90 - - Mah.Holi 167.15 167.10 167.15 169.75 166.00 25.61 252.45 122.00 - 167.20
Allied Dig [5] 21.50 21.85 22.45 22.45 21.20 207.82 27.10 10.70 16 21.75 DB Realty 6.75 6.65 6.95 6.95 6.55 87.80 12.50 3.61 - 6.65 Honda Siel 986.50 969.80 990.90 1009.70 957.00 2.48 1359.95 701.60 26 968.00 Mah.Life 273.75 270.55 280.00 280.00 263.25 76.62 428.25 171.20 - 271.80
Allsec 250.10 246.20 250.25 253.00 241.75 3.97 340.00 109.15 28 248.90 DB Stk [2] 8.65 9.25 8.85 9.30 8.05 2.67 12.45 6.65 - - Honey.Aut 28451.65 27937.45 28401.00 28900.00 27866.80 3.82 39499.50 20142.00 52 27937.90 Mah.Scoot 2788.30 2795.60 2782.05 2839.00 2751.00 3.04 4948.00 1815.00 28 2795.25
Alm.Global [6] 13.25 13.15 13.45 13.45 12.70 13.10 20.00 8.82 - 12.97 DCB Bk 76.85 78.55 79.00 80.00 78.00 1586.10 204.55 58.10 8 78.45 HOV Services 29.70 29.40 29.75 29.75 29.15 2.62 68.90 22.25 20 29.30 Mah.Seam [5] 221.65 221.35 222.80 224.50 220.25 19.18 447.40 185.00 4 221.85
AlokIndus 21.85 21.50 21.85 22.25 21.40 6323.30 58.50 3.80 - - DCM 17.85 18.35 18.60 18.70 17.80 3.24 26.85 13.01 - 18.70 HPCL 187.65 187.30 188.00 189.00 185.70 5967.56 327.80 155.00 5 187.25 MahangrGas 814.90 816.05 816.50 827.30 809.10 377.95 1246.80 666.40 12 815.75
Alpha Lab 39.65 38.85 40.10 40.75 38.30 50.40 48.55 11.45 15 38.95 DCMNouvelle 25.00 25.25 25.50 25.50 24.55 0.25 38.40 20.35 - 25.20 HPLElect&Pow 29.00 28.40 29.10 29.40 28.25 48.83 49.50 18.30 - 28.50 MahaSteelInd 96.35 100.70 93.00 102.50 92.15 17.07 163.65 63.05 - 100.15
Alphageo 148.20 144.45 148.20 151.35 142.85 10.57 278.90 110.05 - 145.55 DCMShriram [2] 339.65 329.70 339.65 342.05 329.05 42.39 431.10 175.80 9 329.45 HSG&UrbanDev 31.65 31.15 31.70 31.90 31.05 425.42 45.70 18.05 4 31.15 MahindEPCIrr 140.55 133.75 141.25 141.60 133.35 121.40 194.50 70.80 - -
Alps Ind 1.05 1.05 1.05 1.05 1.05 0.02 2.79 0.61 - 1.04 DCW [2] 15.05 14.35 15.05 15.05 14.30 177.74 18.10 6.97 - 14.35 HSIL [2] 77.50 75.50 76.60 77.80 72.10 856.08 83.55 34.70 14 76.00 MahindraLog 355.85 364.45 358.00 366.95 353.75 95.03 457.90 199.00 103 364.65
Amararaja [1] 766.05 775.35 770.00 777.05 761.20 924.68 814.00 350.25 23 775.10 De Nora 199.20 192.65 199.25 202.20 191.10 10.75 265.00 112.20 13 193.95 Hubtown 9.90 9.90 10.15 10.15 9.75 17.78 18.80 7.09 - 9.88 Maithan 483.20 485.35 487.95 518.00 482.00 12.57 623.00 291.00 7 483.60
AmberEntp(I) 2180.40 2100.80 2185.00 2197.95 2085.00 202.52 2544.95 921.60 140 2100.40 Deccan Cem [5] 315.50 309.60 310.15 319.45 308.10 35.75 370.00 146.60 6 309.65 HUL [1] 2071.30 2072.00 2072.00 2087.65 2056.00 1486.08 2614.00 1756.00 67 2073.80 Majesco [5] 920.55 919.40 920.10 923.60 906.20 168.88 930.00 170.55 516 920.15
Ambika Cot 699.00 694.85 716.00 716.00 686.50 3.34 929.00 421.00 9 696.05 DeepEneResou 61.75 68.50 63.50 71.25 63.40 146.74 130.00 42.40 - - Malu Paper 23.60 23.55 23.75 24.00 23.30 2.36 37.90 19.10 - 23.45
AmbujaCeme[2] 259.70 260.50 260.00 261.90 257.20 6267.65 265.75 136.65 30 260.45 Deepk.Fer 147.35 149.30 148.40 152.00 147.50 753.84 186.98 55.27 12 149.20 I................................................. Man Ind [5] 69.40 68.30 71.90 71.90 68.00 182.21 75.80 27.30 4 68.40
AMD Ind 15.80 15.60 15.25 15.95 15.25 4.08 21.95 8.40 - 15.55 Deepk.Ntr [2] 742.25 718.30 734.00 743.70 715.00 689.31 888.00 310.00 24 717.50 Ibull Hsg [2] 140.00 140.30 141.50 142.65 138.00 9561.75 376.80 81.25 4 140.20 Man Infr [2] 25.80 25.10 25.80 26.20 25.00 126.22 33.90 14.50 9 25.10
AMJLandHold[2] 21.25 20.05 21.00 21.00 19.60 12.23 24.80 13.10 7 20.10 Delta Corp [1] 118.10 110.80 119.25 119.70 108.05 2191.37 224.75 54.00 33 110.65 Ibull Real [2] 47.65 47.75 48.00 48.40 47.50 931.40 113.00 36.85 - 47.65 ManakAlumi [1] 6.85 6.75 7.10 7.10 6.70 2.90 11.48 2.21 - 6.89
Amrutanjan [1] 418.60 411.70 420.70 422.00 409.50 19.30 558.70 251.00 37 411.60 Delta Mag 19.15 18.85 19.15 19.15 18.40 1.50 45.00 17.00 - 18.35 IceMakRefrig 81.70 79.00 83.35 83.35 77.65 19.42 84.40 58.05 - - Manaksia [2] 38.30 38.35 38.15 39.35 38.05 13.08 53.60 26.60 5 38.60
Anant Raj [2] 18.10 18.60 18.45 18.80 18.20 109.51 40.80 13.35 - 18.60 Den Net 71.05 68.80 70.00 71.65 66.20 123.13 115.05 25.85 18 69.00 ICICI Bank [2] 392.60 417.45 417.00 422.80 407.0072698.78 552.40 269.00 24 417.10 ManakSteel [1] 9.75 9.50 10.15 10.15 9.45 14.18 15.43 5.92 7 9.59
Andhar Sug 281.10 274.85 280.05 280.05 274.00 14.40 378.65 119.00 4 275.45 Dewn HsgFin 15.90 16.65 16.50 16.65 15.80 5285.82 26.90 8.40 - 16.70 ICICILombGIC 1236.00 1225.05 1245.00 1248.00 1219.10 546.26 1439.90 805.60 40 1224.90 Manali Pet [5] 31.40 30.25 31.50 31.70 30.20 356.03 36.55 8.00 16 30.30
Andhra Cem 4.80 4.95 4.65 5.20 4.65 376.36 10.93 1.50 - 4.99 DFMFoods [2] 339.65 335.95 337.00 341.35 334.00 13.03 390.00 150.00 68 336.20 ICICISecu 463.45 448.05 466.80 473.85 446.00 298.80 568.90 203.60 - - Manap.Fin [2] 155.40 158.50 156.20 160.00 154.60 4824.24 194.60 75.60 10 158.40
AndhraPaper 185.10 185.00 186.00 186.00 183.00 19.02 333.30 112.00 - - Dhamp.Sug 143.05 138.30 142.90 143.00 135.35 302.32 246.00 65.80 4 138.40 ICRA 2808.90 2737.00 2800.00 2800.00 2720.00 1.31 3226.95 1968.00 44 2714.95 ManCoatMet [1] 3.95 3.85 3.90 4.10 3.85 29.16 6.00 3.03 - 3.87
AngelBroking 353.35 315.90 353.65 354.00 314.30 933.34 379.00 222.20 - - DhaniService 196.75 189.60 195.45 196.00 183.10 332.54 277.20 63.50 - - IDBI 36.45 36.45 36.90 37.50 36.05 1999.62 55.75 17.50 - 36.50 Mang.Cem 195.10 192.70 196.00 198.30 192.05 20.78 333.35 115.65 9 193.35
Anik Ind 11.15 11.50 11.50 11.60 11.30 4.26 17.70 5.89 - 11.29 Dhanlk.Bk 11.85 12.00 11.85 12.10 11.85 301.07 18.30 7.42 6 11.95 Idea Cell 8.75 8.75 8.80 8.90 8.40251873.79 13.45 2.61 - 8.71 Mang.Chem 29.25 29.05 29.80 29.80 28.80 31.07 46.40 16.35 5 29.00
AnjPortCemen 206.20 203.25 208.60 212.10 201.70 53.92 234.90 82.25 12 203.70 Dhanuka Ag [2] 736.40 715.35 744.00 746.50 710.00 75.44 935.00 261.00 18 715.50 IDFC 30.45 29.80 30.60 30.90 29.35 1642.42 40.50 13.40 - 29.70 Mang.Drug 150.20 150.50 149.00 155.90 145.90 156.84 170.90 20.40 15 150.20
Ansal Hsg 3.85 3.80 3.80 3.90 3.80 7.40 9.15 2.57 - 3.79 Dhar.Sugar 4.40 4.35 4.40 4.50 4.20 5.29 8.87 3.97 - 4.49 IDFCFirstBnk 30.60 30.25 31.10 31.10 29.9030651.84 47.95 17.65 - - Mang.Timb 7.40 7.10 7.65 7.65 7.05 0.47 10.70 5.05 - -
Ansal Pro [5] 4.10 4.15 4.10 4.20 4.05 34.11 6.88 3.40 - 4.21 Dhun.Inv 241.70 237.50 251.70 251.70 233.95 0.91 298.85 108.00 12 237.15 IFB Agro 326.70 337.85 337.30 378.00 331.55 83.31 478.35 147.30 17 338.45 Manugrph [2] 8.45 8.50 8.45 8.80 8.35 1.52 18.65 6.35 - -
Apar Ind 287.55 285.80 287.05 290.00 285.00 13.91 565.00 235.10 14 285.25 Dhunseri Tea 286.95 285.10 294.95 295.00 283.65 6.61 305.00 90.10 - 286.85 IFB Ind 704.90 694.50 726.90 759.95 681.10 73.08 798.15 232.05 - 692.35 Maral Over 14.05 14.05 14.70 14.70 13.90 9.17 27.90 8.15 - 14.05
Apcotex Ind [2] 150.60 148.50 151.50 154.15 146.60 89.50 183.80 64.35 117 148.05 DIC India 367.25 360.60 365.65 368.95 358.55 6.64 450.00 242.00 35 359.70 IFCI 5.80 5.80 5.90 5.90 5.80 781.71 9.31 3.10 - 5.83 MarathNxtg [5] 50.40 53.80 51.40 55.00 50.15 3.96 110.90 38.00 7 53.00
ApexFznFoods 250.15 250.60 257.00 260.00 249.10 29.60 444.75 132.05 13 250.55 DigispiceTec 6.95 6.80 6.65 6.95 6.65 2.13 9.65 2.80 - - IFGLRefract 141.55 140.05 141.55 142.05 138.05 1.80 193.00 64.10 15 139.80 Marico Ltd [1] 356.65 366.85 359.90 368.10 357.10 3509.44 382.70 233.80 43 366.65
APL Apl 3144.30 3111.30 3112.00 3174.45 3059.50 57.45 3199.00 1025.00 70 3109.20 DiligenMedia[1] 0.40 0.45 0.40 0.45 0.40 5.39 0.76 0.30 - 0.39 IG Pet 291.35 286.85 292.05 297.00 282.55 15.20 338.00 81.25 60 288.00 Marksans [1] 50.90 51.00 51.20 52.40 50.50 1648.52 57.10 9.90 38 51.15
Apollo Hsp [5] 2119.45 2069.30 2138.10 2148.75 2065.00 637.35 2331.95 1047.45 242 2070.55 DilipBuildco 327.15 324.80 325.70 331.00 321.20 57.00 473.80 193.40 14 323.05 Igarshi 271.20 271.00 272.70 275.60 268.10 12.25 415.70 150.65 64 270.55 Maruti [5] 6965.15 6868.35 7044.90 7053.40 6850.00 1059.35 7699.00 4002.00 52 6863.35
ApolloMicSys 105.15 102.55 104.50 105.85 102.00 29.50 142.70 40.00 18 102.40 Dish TV [1] 11.35 11.80 11.35 12.10 11.25 4665.35 19.38 3.93 3 11.80 IIFLHoldings [2] 74.75 76.40 76.45 77.35 74.75 134.91 212.80 58.15 68 76.10 MASFinServ 824.45 825.55 816.80 833.00 814.05 8.42 1269.00 448.05 26 825.80
ApolloPipes 458.25 483.65 474.00 489.60 456.35 155.55 524.95 210.00 - - DishmanCar [2] 151.70 138.30 153.50 153.50 136.55 541.27 216.65 46.45 - 138.45 IIFLSecurity 39.45 38.75 40.35 40.35 38.55 170.41 62.60 22.10 - - Mastek [5] 860.75 876.25 851.35 884.00 837.50 165.19 929.00 170.05 121 874.10
ApolloSindo 613.55 581.70 610.30 631.00 570.70 3.35 845.00 280.00 - - Divi'sLabs [2] 3142.05 3048.65 3121.15 3134.90 3040.30 977.31 3388.00 1627.15 51 3047.85 IIFLWealtMgt 919.95 909.90 926.95 926.95 896.60 8.69 1663.95 720.00 - - MatrimCom [5] 651.65 636.40 674.00 674.00 629.90 2.72 764.55 251.00 50 638.00
ApolloTyr [1] 139.90 141.35 140.90 142.50 138.75 4135.38 196.70 73.55 26 141.35 DixonTec(In) 9299.30 9507.80 9400.00 9644.00 9400.00 64.9710280.70 2671.00 107 9494.75 ImagiWrldEnt 3.90 3.85 4.05 4.05 3.70 41.60 6.45 2.30 - - Maw.Sug 23.40 23.05 23.25 23.60 22.80 22.55 48.70 15.10 - 23.00
Aptech 115.05 113.55 116.00 116.00 113.20 69.23 192.75 65.55 - 113.55 DLF Ltd [2] 158.30 164.80 160.30 170.90 156.6529960.94 266.65 114.50 - 164.75 IMP Pwr 13.70 13.25 13.20 13.60 13.15 0.75 25.20 9.45 - 13.30 MaxFinancial [2] 590.55 601.50 609.95 627.00 588.80 2465.08 645.00 279.75 112 600.45
Archidply 23.40 26.60 23.30 26.90 23.30 203.36 32.55 12.00 - 26.60 D-Link [2] 98.20 98.80 99.00 100.20 94.70 105.13 136.05 51.00 14 98.70 IMPAL 520.25 520.00 525.00 525.00 512.00 1.15 685.35 374.40 14 512.50 MaxHealthCre 106.55 107.15 106.50 110.00 106.25 171.59 133.95 102.35 - -
Archies [2] 11.90 11.80 12.00 12.20 11.60 17.70 24.80 8.12 - 11.90 DolatInvest [1] 46.00 45.85 46.60 46.60 45.30 28.20 82.10 27.45 10 45.65 Ind Terr [2] 28.05 27.90 28.70 28.70 27.50 47.22 81.95 23.40 - 28.00 MaxIndia 57.05 56.05 57.45 57.45 54.90 135.84 69.90 52.35 - -
Aries Agro 78.50 76.65 78.05 80.15 76.00 22.61 93.20 33.55 6 77.25 DollarInd [2] 135.45 135.50 138.70 138.70 135.05 18.42 197.35 94.00 12 135.75 Ind.Bk.Mer 8.50 8.55 8.25 8.70 8.25 13.28 16.18 4.16 - 8.48 MaxVent&Ind 37.40 37.00 39.00 39.00 37.00 13.27 60.85 25.15 - 37.05
Arih.Found 15.30 15.30 15.30 15.30 15.30 0.10 33.50 10.40 - - Donear [2] 23.70 23.65 23.55 23.85 23.30 7.70 36.00 18.30 - 23.70 Ind.Card 94.45 93.75 97.30 97.30 93.50 0.51 136.30 79.00 - - Mayur Uniq [5] 242.20 250.10 245.95 256.00 238.00 177.15 309.90 118.20 17 250.05
ArihantSuper 20.00 20.70 20.90 21.00 19.75 4.32 32.75 16.50 - 20.95 DPSC 11.90 12.25 12.15 12.30 11.70 7.34 14.50 4.40 - - Ind.Cem 118.35 116.50 117.00 118.40 115.80 403.73 140.00 69.45 - 116.35 MazagonDock 166.75 168.35 166.75 172.50 165.30 1208.68 216.95 164.00 - -
ArmanFinServ 540.50 544.55 540.50 556.95 534.35 2.77 1119.95 287.30 28 543.00 DQ Ent 1.20 1.20 1.20 1.25 1.15 3.72 2.84 0.65 - 1.21 Ind.Gly 274.40 271.75 275.40 276.85 270.60 35.66 396.80 176.15 8 271.60 Mazda Ltd 539.60 534.25 540.00 541.35 522.05 1.18 590.00 222.25 13 524.40
AroGranite 30.75 30.25 31.90 32.00 29.30 40.50 46.00 15.35 14 30.25 Dr Reddy [5] 4888.65 4858.65 4896.00 4920.00 4820.80 1170.99 5514.65 2497.60 33 4856.45 Ind.Hume [2] 159.00 155.25 159.65 161.55 154.40 18.80 273.55 101.00 16 155.40 MBL Infra 8.50 8.40 8.70 8.70 8.40 45.41 10.84 2.42 1 8.50
ArowGreenTec 46.60 44.30 48.25 48.30 44.30 6.32 67.10 30.35 16 44.70 Dred.Corp 238.20 235.75 238.20 240.20 232.50 26.70 412.00 121.80 41 236.10 Ind.Metals 262.45 261.35 266.95 269.00 255.50 53.53 267.20 92.00 - 261.95 McD.Hld 23.85 23.70 23.90 23.90 23.55 2.17 31.90 10.95 - 23.70
Arss Infra 12.45 11.95 12.15 12.65 11.90 6.27 26.95 9.11 3 12.60 DrLalPathLab 2296.85 2278.40 2324.95 2340.95 2225.80 102.36 2395.00 1181.80 98 2267.65 Ind.Nippon [5] 330.50 330.70 330.00 332.90 325.60 4.39 471.85 163.05 25 330.55 MCX 1701.00 1675.30 1690.10 1706.80 1665.00 96.13 1875.00 805.05 43 1674.85
ArtemsMedSvc 164.35 159.20 167.65 167.65 159.00 1.98 283.00 106.70 - - DuconInfrTec[1] 3.75 3.60 3.75 3.85 3.55 36.71 7.28 2.30 - 3.55 Ind.Ovr.Bk 9.15 9.15 9.25 9.35 9.15 1084.69 13.83 6.17 - 9.20 Meghmani [1] 71.30 70.70 71.15 71.75 70.20 316.86 85.00 31.80 9 70.85
Arvind 33.80 33.15 33.80 34.05 32.85 1551.70 56.00 19.00 9 33.20 Dwarikesh [1] 28.05 28.25 28.30 29.20 27.10 1092.54 42.05 13.30 7 28.35 Ind.Ram.Sy 21.50 22.50 21.20 22.55 20.70 26.08 34.00 8.35 - 22.35 MenonBear [1] 48.25 47.35 48.90 49.40 47.00 33.91 64.00 27.00 20 47.60
ArvindFash [4] 123.45 126.10 124.00 126.90 123.20 123.34 348.71 110.55 - 126.05 Dynac.Sys 40.80 37.90 40.60 40.60 37.15 37.65 54.60 12.65 6 37.65 IndiabulsInt 51.80 52.20 52.40 53.80 50.95 122.92 146.50 31.00 - - MEP Infra 15.05 13.80 14.65 14.80 13.65 178.65 45.00 9.43 - 13.80
ArvindSmart 89.20 86.55 88.40 88.40 86.20 60.36 112.80 56.20 22 86.35 Dynamatic 662.55 659.45 669.35 673.05 656.00 2.55 1285.60 424.05 8 656.95 Indian Bk 57.90 58.45 58.05 59.90 57.55 954.85 139.60 41.70 8 58.50 Mercator [1] 0.85 0.90 0.90 0.90 0.85 167.00 1.69 0.42 - 0.90
Asahi India [1] 224.25 221.95 224.65 228.35 220.05 23.46 276.95 118.40 82 222.35 DynemicProd 226.15 214.55 223.50 225.95 211.00 163.66 284.50 84.25 9 214.25 Indian Htl [1] 95.40 92.20 95.40 95.95 91.50 4644.10 158.00 62.10 67 92.30 Metrpolhelth [2] 1967.50 1954.25 1965.00 1976.85 1935.05 48.31 2146.50 993.20 94 1952.45
Asahi Song 217.30 213.95 217.30 218.45 213.00 8.90 256.00 63.05 11 214.15 IndianEgyExc[1] 191.30 185.65 192.00 193.50 184.70 1022.55 219.05 111.05 31 185.65 MFL 15.90 15.55 15.95 16.00 15.25 35.97 24.70 12.15 - -
Ashapura [2] 79.05 78.05 82.65 82.65 77.50 57.62 91.15 18.70 - 78.20 E ................................................ IndianRailTr 1315.20 1302.25 1320.20 1321.75 1300.00 123.93 1994.00 774.65 - - Minda Corp [2] 67.65 66.80 69.85 69.85 66.30 277.12 122.00 52.60 26 66.90
Ashiana [2] 79.45 78.20 80.30 80.55 77.10 11.82 125.00 39.00 - 78.55 EbixcashWrld 320.85 319.15 315.05 324.80 312.60 1.00 534.95 240.00 - - IndmrtIntmsh 4846.00 4724.10 4846.00 4955.00 4670.00 45.66 5487.50 1641.05 - - Minda Ind [2] 319.65 320.50 322.60 327.55 317.55 127.69 423.71 208.25 314 320.30
Ashok Ley [1] 78.95 81.80 79.80 82.65 78.6033498.68 87.50 33.70 - 81.80 Eclerx 693.10 672.10 684.00 699.00 670.00 28.75 814.65 323.15 12 673.40 Indo Count [2] 143.15 150.30 143.00 150.30 143.00 338.10 171.65 21.85 19 150.15 MindTree 1327.60 1317.85 1329.25 1344.70 1307.55 694.56 1605.45 675.80 25 1317.20
Ashoka Bld [5] 60.70 60.20 60.00 61.70 59.75 239.63 121.60 37.00 4 60.10 EdelFinSer [1] 55.85 53.10 56.00 56.00 53.10 1107.38 134.25 29.90 - 53.10 Indo Wnd 2.80 2.75 2.95 2.95 2.70 13.49 4.59 1.64 - 2.74 Mirc Ele [1] 7.65 7.80 7.75 8.00 7.65 196.47 11.88 3.61 - 7.82
Asian Gran 283.70 283.90 283.75 286.25 277.10 142.07 318.00 109.15 49 283.35 EicherMotor [1] 2085.60 2029.65 2079.80 2096.10 2015.20 1131.51 2389.00 1246.00 39 2029.55 Indoco Rem [2] 256.85 255.00 261.00 261.00 251.55 56.80 295.00 140.20 60 254.90 Mirza [2] 48.75 47.15 48.30 49.00 46.90 188.19 71.80 27.35 38 47.10
Asian Htl-E 133.05 132.05 131.60 135.00 130.00 1.61 229.00 111.30 12 133.80 EID Parry [1] 275.70 273.65 271.10 275.00 269.25 82.10 325.40 100.00 - 273.35 IndostrCapFn 287.70 289.85 288.00 297.00 287.60 14.84 332.00 166.00 - 290.45 MishDhatuNig 174.80 181.60 175.50 183.40 173.50 362.14 278.00 135.20 25 181.60
Asian Htl-N 51.25 50.70 51.30 52.25 50.55 2.10 107.00 44.25 - 50.80 EIH [2] 75.10 73.75 75.10 75.65 73.00 245.69 167.32 53.65 - 73.80 Indotech Tr 88.75 86.75 87.25 88.95 86.20 1.49 144.50 68.60 - 87.45 MittalLifSty 13.50 13.20 12.85 14.15 12.85 39.32 160.75 12.85 - -
Asian Htl-W 248.30 249.60 245.00 260.00 245.00 1.66 395.00 190.00 - 250.00 EIH A Htl 228.40 226.20 229.90 229.90 225.00 0.62 348.95 151.10 33 - IndoThai 20.25 19.65 19.35 19.90 19.25 11.69 33.95 11.70 - 19.45 MM Forg 307.45 306.05 314.65 314.95 305.05 1.56 470.55 151.00 30 304.95
Asian Paints [1] 2211.50 2172.85 2198.00 2225.90 2166.10 1772.57 2242.30 1431.85 91 2172.05 Eimco 308.55 303.90 300.05 314.95 295.60 1.74 406.20 180.00 15 310.50 Indra.Med 48.85 48.75 49.45 49.50 48.50 50.25 65.00 27.45 45 48.70 MMPIndustris 72.75 73.00 73.50 74.00 72.95 1.15 133.25 43.95 - -
Aspinwall&Co 119.00 118.30 120.40 122.00 116.40 3.83 175.00 71.40 - - Elec. Eng [2] 22.60 22.40 22.50 22.75 22.25 25.76 43.65 13.75 5 22.30 IndraprsGas [2] 402.25 404.20 403.10 408.00 398.20 1263.62 534.40 284.55 30 404. MMTC [1] 15.80 16.00 15.85 16.10 15.75 323.19 24.35 9.90 - 15.95
AssoAlchohol 242.15 242.80 242.15 247.35 239.00 13.01 297.75 123.05 - - Elec.Stl.Cs [1] 21.45 20.45 21.75 21.90 20.25 640.92 27.00 7.56 - 20.45 w MohotaInd 8.70 8.25 8.65 8.65 8.20 11.42 18.00 5.39 - 8.26
Aster Life 1142.55 1102.30 1139.60 1158.70 1089.00 88.97 1365.00 306.00 28 1100.95 Electrotherm 89.90 89.85 90.00 92.00 88.00 8.24 169.80 69.00 - 89.70 BK MOIL 128.50 125.50 128.50 128.80 125.05 142.47 170.00 86.80 28 125.45
AsterDMHealt 134.30 134.80 134.55 137.50 133.30 64.12 180.50 78.50 - 134.15 Elgi Eqp [1] 104.25 106.60 104.80 107.75 103.25 28.41 143.00 51.13 42 106.60 N O Mold-TekPac [5] 260.70 258.80 261.00 261.00 258.00 12.24 309.92 144.83 23 258.10
Astra Mic [2] 107.50 105.20 108.00 108.05 105.00 95.19 134.90 45.85 17 105.20 Elgi Rbr 16.65 16.75 17.10 17.10 16.00 10.39 25.75 9.30 - - m Mold-TekTec [2] 54.10 51.70 55.30 57.00 50.50 214.94 57.40 29.60 15 52.00
Astral Poly [1] 1123.85 1115.25 1128.00 1129.45 1091.30 95.63 1312.00 747.60 91 1116.75 Emami [1] 361.95 350.20 361.00 361.50 344.60 583.05 407.00 140.85 56 350.95 N O DG Monte Carlo 177.25 182.30 181.00 187.00 179.00 59.21 317.00 128.00 7 182.40
AstraZen [2] 4300.20 4261.00 4250.00 4334.50 4235.00 18.13 4970.00 1888.00 154 4255.75 EmamiPapMi [2] 65.65 64.30 65.05 67.00 64.00 3.89 157.95 47.45 25 65.10 Morarj.Tex [7] 8.90 9.75 8.60 9.75 8.50 27.45 18.48 7.80 - 10.05
AstronPaper 46.40 46.15 47.35 47.35 44.35 11.74 54.50 24.15 20 46.00 Emkay Glo 61.45 61.30 64.50 66.25 61.00 18.73 80.95 24.00 - 61.00 Morepan [2] 25.35 25.10 25.35 25.70 25.00 571.32 34.95 7.21 - 25.05
Atlanta [2] 6.95 6.80 6.95 7.10 6.40 17.92 11.62 2.62 - 6.70 Emmbi Ind 75.15 73.15 75.05 75.90 72.05 56.16 141.05 41.10 11 73.35 Most.Fin [1] 563.35 558.60 585.00 604.50 554.10 314.75 903.50 426.00 26 558.80
Atul 6008.60 5930.15 5960.05 6058.95 5860.00 19.52 7021.25 3256.60 30 5916.40 EnduranceTec 1058.20 1074.60 1059.00 1079.00 1051.10 74.59 1201.90 562.00 57 1074.75 Mot.Gen.Fin [5] 15.05 15.00 15.00 15.00 14.25 1.32 26.83 10.13 - 15.01
Atul Auto [5] 156.70 155.75 159.80 162.00 155.10 72.59 298.70 117.00 10 155.85 Energy Dev 5.10 5.05 5.20 5.40 5.00 4.42 9.10 3.35 - 4.99 MothersSum[1] 105.60 106.20 106.50 107.10 105.15 5569.16 151.00 48.50 56 106.20
Aurionpro 74.45 71.10 74.95 75.75 70.75 5.34 88.05 27.05 16 70.95 Eng.India [5] 65.05 64.15 65.10 65.60 64.00 439.35 123.00 49.85 11 64.15 W MphasiS 1378.70 1358.65 1390.00 1390.00 1345.60 174.30 1462.90 612.05 20 1356.05
AurobindPhr [1] 772.65 760.90 774.00 775.85 753.00 1772.97 967.60 281.15 20 760.00 Ent.Net.Ind 144.20 148.70 146.00 155.50 143.00 12.29 277.50 101.00 - 150.60 MPS 366.50 361.70 370.00 370.00 358.00 3.01 612.00 156.00 12 360.80
AUSmallFinBk 775.35 769.45 774.00 784.70 763.55 372.37 1217.70 366.20 28 769.60 EPL 248.45 252.80 246.00 255.00 244.50 55.81 318.60 112.00 - - MRF 65303.25 66226.05 65500.00 66637.20 64760.05 32.67 73500.00 50000.00 25 66185.05
Ausom 53.45 53.70 54.50 54.50 51.00 13.65 59.90 23.50 3 53.30 Equitas Hold 46.80 45.25 47.20 47.20 45.00 1974.12 120.50 32.75 - 45.25 D Mro-Tek [5] 19.75 19.30 19.30 19.30 19.30 0.20 40.00 18.30 - -
Auto Axl 710.00 699.65 701.10 711.50 690.00 10.82 993.30 335.70 - 700.10 Equitassmlfin 33.00 32.80 31.10 33.15 30.0523099.68 33.15 30.05 - - MRPL 28.90 28.00 29.00 29.30 27.60 811.31 56.60 21.25 - 28.00
Auto Stamp 21.60 21.55 21.00 22.05 21.00 1.77 40.05 11.80 - 21.60 ErisLifeSci [1] 500.80 510.65 501.05 517.60 500.20 72.47 593.40 341.05 23 510.95 G A MSP Stl 6.30 6.05 6.45 6.45 6.05 1.23 8.20 3.50 - -
Autoline 27.50 27.40 28.00 28.10 27.20 6.04 44.35 9.20 - 27.55 Esab Ind 1324.85 1336.15 1343.90 1347.30 1311.00 1.69 1727.00 870.00 33 1337.55 MSTC 147.00 144.70 148.20 150.90 143.45 331.35 235.20 73.10 - -
Autolite 18.45 18.05 18.05 19.00 18.00 2.77 29.90 10.60 - 18.05 Escorts 1200.95 1228.20 1207.00 1239.50 1185.05 3692.70 1342.70 527.10 33 1228.70 OC MT Edu 9.20 9.10 9.50 10.00 8.65 107.99 26.10 6.24 - 8.99
AvadSug&Egy 182.55 174.15 180.00 180.00 172.00 60.15 364.15 88.50 5 174.10 ESI [2] 1.10 1.05 1.10 1.10 1.05 1.00 1.55 0.50 - - O C m MTNL 9.50 9.25 9.45 9.60 9.15 628.09 13.32 5.55 - 9.23
Avanti Feeds [1] 481.80 472.45 484.25 485.45 470.20 147.12 769.90 250.00 22 472.80 Ester [5] 121.60 114.40 121.85 124.90 112.50 419.67 134.90 22.65 7 114.45 PCA Mukand 47.90 47.95 47.25 48.00 45.70 15.80 56.30 12.00 - 47.70
AvenuSupmart 2239.90 2205.75 2240.00 2259.00 2163.00 397.53 2559.00 1701.00 152 2198.60 Everady [5] 135.40 134.20 135.00 137.50 133.05 24.58 157.60 45.15 13 134.15 P N Mukand En 8.60 8.35 8.35 8.80 8.25 0.18 17.90 6.30 - -
AVT Natl [1] 43.55 42.65 44.30 44.30 42.35 122.91 51.00 20.25 16 42.65 Everest Ind 221.10 220.40 220.85 223.00 217.75 27.57 346.65 120.00 36 220.45 RB Mukta Ar [5] 25.80 25.10 25.10 26.10 24.70 0.59 44.70 14.50 12 -
Axis Bank [2] 492.50 522.65 496.85 531.70 495.1037597.23 765.90 285.00 50 522.60 Excel Ind [5] 867.30 858.85 867.30 878.00 855.00 7.52 1024.50 374.50 14 859.45 Munj.Auto [2] 54.70 55.25 56.85 57.50 54.75 378.30 68.50 19.90 - 55.00
AxisCades [5] 43.35 42.30 43.80 43.80 41.25 33.48 81.95 26.70 - 42.20 Excel Realty 1.10 1.15 1.15 1.15 1.05 32.06 1.40 0.80 - - C Munj.Showa [2] 129.65 133.45 136.00 136.00 131.50 44.08 165.80 55.00 28 133.30
AYM Syntex 27.05 27.10 26.95 27.80 25.70 39.77 40.90 12.90 - 27.15 Exide [1] 159.05 159.30 159.15 161.10 157.10 2498.26 208.10 121.90 20 159.30 DC m Murd.Cera 17.05 16.35 17.35 17.55 16.10 76.27 25.80 8.26 - 16.25
ExpleoSolu 529.00 512.15 533.25 547.55 503.00 32.58 642.40 112.60 - - DC MusicBrdcast 21.45 22.35 22.20 22.50 22.00 576.50 33.00 12.20 - -
B ................................................ Muthoot Cap 365.65 373.50 362.30 379.90 362.30 16.98 663.15 222.05 10 373.60
BAG Films [2] 2.50 2.60 2.40 2.60 2.40 27.68 3.59 1.42 - 2.50 F ................................................ VP MuthootFinan 1230.80 1238.00 1239.00 1248.00 1200.00 1475.96 1405.00 477.50 15 1237.15
Bajaj Auto 2886.90 2843.70 2918.00 2934.85 2822.45 926.41 3315.00 1793.10 19 2843.50 FACT 45.95 45.90 46.45 46.45 45.80 44.03 55.60 21.55 3 45.95 MO
Bajaj Elect [2] 487.45 487.40 486.00 492.25 482.50 64.20 545.00 260.00 - 486.50 FCS Soft [1] 0.45 0.40 0.45 0.45 0.40 720.33 0.58 0.19 - 0.41 N................................................
Bajaj Hind [1] 4.65 4.55 4.70 4.70 4.55 1015.70 8.40 2.34 - 4.58 FDC [1] 345.05 339.05 348.50 348.60 338.00 87.92 378.00 165.65 20 338.80 J NACLInd [1] 36.15 36.70 36.85 36.90 36.20 131.65 51.10 17.05 36 36.70
Bajaj Hld 2306.70 2315.00 2326.00 2331.60 2300.00 22.18 3949.35 1471.85 21 2317.95 Fed Bk [2] 50.45 51.65 51.05 52.50 50.0544467.73 96.95 35.70 7 51.70 &K B NagaDhunseri 597.25 596.50 592.00 611.15 592.00 0.06 725.00 300.00 - -
BajajConCare[1] 186.50 185.90 187.45 188.95 185.00 195.36 264.00 117.50 15 186.15 Fed.Goetze 258.45 257.15 264.00 264.00 253.65 16.30 664.90 239.30 - 257.85 NagarjunFert
BajajFin [2] 3309.00 3419.80 3325.55 3447.40 3274.65 4288.55 4923.20 1783.10 50 3415.30 Fiem Ind 497.60 494.60 504.95 508.00 490.10 14.77 677.35 230.20 16 493.65 P [1] 3.95 3.90 4.05 4.05 3.90 86.81 7.53 2.49 - 3.90
BajajFinserv [5] 5573.50 5701.45 5601.40 5725.00 5560.00 491.4010297.00 3985.60 281 5701.85 Filatex [2] 26.05 26.85 26.85 27.15 26.15 248.97 43.80 15.55 8 26.70 C Nagrk.Exp [5] 13.45 12.80 13.10 13.75 12.50 4.02 23.00 8.32 - 12.85
Balaji Amn [2] 842.95 822.85 834.00 839.25 815.00 91.45 995.00 204.10 19 822.60 Fin.Cable [2] 276.95 272.35 277.50 279.20 271.00 32.46 429.90 165.00 12 272.05 B Nah.Cap [5] 63.85 62.25 63.65 64.90 60.10 0.94 84.40 42.50 5 65.00
Balaji Tele [2] 62.60 61.30 61.10 62.95 61.05 31.02 101.70 28.00 12 61.55 FineOrgInd [5] 2652.75 2594.00 2647.00 2698.80 2582.00 20.92 3258.25 1500.00 50 2591.65 DVR Nah.Ind 25.35 25.95 25.20 26.05 25.15 7.81 33.40 14.40 - 25.85
Balkrishna [2] 1347.55 1336.60 1345.00 1349.65 1306.30 455.44 1514.70 677.60 29 1336.95 FineotexChe [2] 30.20 31.00 31.95 32.20 30.60 204.92 36.95 12.35 14 31.10 Nah.Poly [5] 79.10 79.70 81.45 82.90 78.15 43.69 91.40 24.00 6 79.20
BalkrishPap 12.35 12.35 12.70 12.75 12.00 4.77 22.25 9.85 - 12.11 Fino.Ind 522.45 544.45 525.10 554.60 513.95 99.96 635.00 283.00 21 543.75 m A Nah.Spg [5] 39.65 40.80 40.85 43.00 38.70 17.50 54.90 22.10 - 41.10
BalmerLaw 101.10 100.75 101.10 101.65 100.35 56.79 140.13 69.85 12 100.85 Firstsource 70.00 68.75 70.20 70.50 68.50 1891.60 78.35 20.65 25 68.65 NALCO [5] 30.35 30.10 30.60 30.75 29.95 7349.12 48.80 24.45 - 30.05
Balrampur [1] 160.40 153.95 159.20 160.00 152.20 1251.67 195.00 68.80 6 153.70 ForceMotors 1027.75 1022.15 1027.75 1037.35 1017.50 9.85 1504.00 591.20 - - B Nalwa Son 751.65 749.25 749.95 772.00 743.00 1.30 890.00 411.00 10 748.25
Ban.Amn.Spg 85.45 87.00 87.00 87.00 87.00 0.01 169.40 62.25 - - Fortis Hlt 125.60 128.10 125.20 129.25 124.70 8196.82 169.00 113.20 - 127.90 A NarayaHru 341.95 329.20 341.95 343.70 311.20 97.79 389.00 210.00 - 328.30
Ban.Amn.Sug 1300.05 1300.00 1301.60 1310.05 1300.00 0.37 1600.00 636.05 16 1300.00 Foseco 1162.90 1159.30 1183.50 1183.50 1155.55 0.21 1650.00 840.00 50 1169.85 Natco Phr [2] 900.40 897.30 891.00 912.00 889.50 195.72 995.05 450.00 36 896.35
Banar.Beads 56.95 53.90 54.50 57.85 52.20 7.38 70.55 25.55 14 54.95 Fut. Life [2] 76.10 75.95 79.90 80.95 74.75 386.93 464.00 67.45 - 75.90 Nath Bio-Gen 288.35 277.85 288.95 291.30 274.85 19.94 415.50 126.25 9 278.75
Banco Ind [2] 90.00 89.45 92.90 92.90 89.00 48.38 120.90 55.00 16 89.55 Fut. Mkt 15.65 15.60 16.25 16.25 15.15 30.94 38.95 8.55 - 15.35 BC m Natl Build [1] 22.80 22.50 22.90 23.00 22.40 2375.73 45.00 14.10 - 22.50
BandhanBank 289.45 300.90 294.00 307.90 294.0014730.63 626.25 152.35 18 300.85 FutEntpDVR [2] 12.00 12.10 12.45 12.60 11.60 36.84 30.95 9.13 1 11.88 B Natl Fert 30.45 29.95 30.95 30.95 29.85 227.82 45.00 15.00 4 29.95
Bang Over 19.15 19.30 19.15 19.85 18.20 5.22 27.85 13.55 10 19.80 Future Cons 7.40 7.30 7.60 7.70 7.20 5227.65 29.30 5.75 - - BM A Nava.B.Ve [2] 52.80 51.40 53.45 53.45 51.15 309.99 95.20 32.40 8 51.40
BANKA BIOLOO 36.45 38.25 38.25 38.25 38.25 6.00 38.25 34.75 - - FutureEntp [2] 9.30 9.30 9.50 9.75 9.00 1328.22 29.55 7.55 - 9.31 P Navin Flu [2] 2241.55 2178.60 2230.20 2241.00 2156.40 97.94 2339.00 825.55 25 2179.30
Bans.Syn 73.05 72.70 74.85 75.00 72.10 2.97 148.50 60.05 5 72.40 FutureRetail [2] 71.15 70.90 74.55 74.55 70.15 1750.50 387.90 61.05 - 70.90 D Navkar Corp 25.30 24.95 25.50 25.55 24.85 89.02 37.00 13.20 18 24.95
BASF 1362.80 1338.85 1365.25 1381.65 1336.05 13.15 1870.00 795.00 1287 1341.70 FuturSuplyCh 86.10 86.15 90.00 90.40 82.25 159.42 534.95 78.25 - 85.95 P Navneet Ed [2] 76.65 76.00 76.55 76.85 75.35 13.43 104.85 45.10 14 76.00
Bata India [5] 1312.00 1308.30 1319.00 1322.95 1302.45 411.56 1897.00 1017.20 134 1308.20 P NBI.IndFinCo 1638.80 1637.00 1571.90 1638.80 1571.90 0.03 1859.95 1067.00 - -
Bayer Crop
BCPowerCon [2]
5448.40
4.95
5374.20
4.95
5500.00
4.85
5500.00
5.25
5355.00 22.00 6550.00
4.80 198.47 22.65
2980.80 36 5370.20
4.06 - 4.94
G ................................................ w NCC [2]
NCL Ind
33.90
129.20
33.65
130.25
33.60
130.30
34.25
132.95
33.45 3494.16
129.50 207.70
70.00
142.45
15.90
48.25
6
11
33.65
130.30
Gabriel [1] 94.20 94.15 94.35 96.80 93.75 74.73 136.90 40.25 35 94.05 &P
BEL [1] 87.00 88.65 87.85 89.60 87.25 4748.69 122.15 56.10 13 88.65 W NDRAutoCompo 147.35 140.00 152.60 152.60 140.00 10.83 284.95 120.00 - -
GAIL 84.75 83.95 85.10 85.30 83.5010537.73 139.70 65.70 7 83.95 NDTV [4] 29.15 29.25 29.15 29.75 28.30 13.25 53.15 19.20 22 29.30
BEML 615.65 608.65 614.00 619.70 605.00 112.51 1080.00 369.60 78 608.35 GalaxSurfact 1643.70 1618.35 1660.00 1660.00 1600.00 9.55 2035.85 975.00 32 1629.00 H
BergrPaintIn [1] 623.05 628.40 625.40 629.80 618.00 1111.15 637.95 390.00 104 628.30 P NECaryCorp 7.95 7.60 7.85 7.85 7.30 23.41 17.29 3.00 - 7.56
Gallant Isp [1] 27.70 27.80 27.80 28.20 27.00 4.40 35.80 16.25 16 - Nect.Life [1] 19.40 18.20 19.10 19.20 18.00 488.89 30.05 7.20 - 18.15
BF Inv [5] 265.15 264.35 266.45 268.25 263.55 7.50 376.80 152.00 16 264.05 Gallant Mtl 32.45 33.10 34.25 34.25 31.55 6.68 40.75 18.10 - 32.45 KC m
BF Util [5] 239.55 233.25 241.60 241.90 228.25 161.18 361.00 134.35 - 232.95 K C m Nelcast [2] 56.85 57.05 59.50 59.50 56.80 48.19 66.50 23.50 24 57.10
Gamm.Infra [2] 0.60 0.55 0.60 0.60 0.55 581.90 1.01 0.22 - 0.57 Nelco 181.55 180.80 184.00 184.00 179.05 12.10 269.70 109.05 58 181.05
BGR Engy 32.10 31.80 31.70 33.15 30.80 109.13 65.10 18.95 - 31.70 Gandhi Tub [5] 202.05 199.70 208.25 208.25 196.10 1.34 307.95 136.70 14 199.25 KP
Bhageria Ind [5] 129.10 127.60 134.50 134.50 127.00 14.01 154.55 66.00 10 127.35 K NeogenChem 617.75 617.05 627.75 627.75 611.00 5.77 819.55 343.95 - -
Ganesh Hsg 25.00 24.80 24.55 26.00 24.50 10.03 51.00 17.50 - 24.50 Nesco [2] 505.35 490.00 502.10 504.55 485.00 54.20 816.90 381.10 14 490.30
BhagngrInd [2] 16.90 17.60 16.90 18.10 16.10 11.74 28.95 10.80 - 17.45 Ganesha Ecos 268.45 268.80 263.05 280.20 260.05 15.48 390.00 138.25 15 266.20 m
BhagyangrPr [2] 23.00 22.85 22.85 23.00 22.75 2.59 26.80 16.10 17 22.65 M NestleIndia 17161.60 17114.95 17201.00 17360.00 16940.00 84.76 18301.00 12588.95 80 17110.20
GangesSecu 40.15 40.20 39.35 40.80 39.35 0.95 55.10 19.45 - - Netwk 18 [5] 34.70 33.90 34.70 35.95 33.60 816.06 50.05 14.85 - 33.95
BhandariHos[1] 1.10 1.15 1.10 1.15 1.10 44.49 1.87 0.54 - 1.12 GardenReach 193.00 190.15 193.55 196.75 189.05 57.68 249.40 105.30 15 190.25 MC P
Bhans.Eng [1] 82.25 80.95 82.00 83.30 80.55 202.99 99.95 25.30 23 80.95 M A Neuland 1197.20 1187.65 1183.70 1215.00 1164.55 60.50 1312.35 247.30 60 1182.50
GarwarTecFib 1884.15 1839.25 1897.95 1897.95 1812.00 15.90 2249.95 872.50 24 1842.15 NewgenSwTech 259.65 255.60 261.40 262.00 252.00 158.15 269.00 96.20 19 256.00
Bharat Bij 683.45 694.50 696.00 697.05 686.05 3.82 922.40 370.05 15 693.95 Gatewaty 91.45 92.50 92.95 92.95 90.65 79.05 137.60 71.01 10 92.55
Bharat For [2] 451.30 450.90 454.00 457.10 445.00 1634.38 533.10 207.85 63 451.05 C H Next Media 4.60 4.40 4.40 4.40 4.40 0.72 13.25 2.95 - -
Gati [2] 65.60 62.85 65.90 65.95 62.00 540.85 75.00 32.40 - 62.80 NHPC 19.85 19.80 20.00 20.05 19.70 5858.40 29.00 15.15 7 19.85
Bharat Gea 49.20 49.10 48.55 50.45 48.50 2.46 89.50 23.25 - 49.15 Gayt. Proj [2] 18.25 19.10 18.90 19.15 18.20 453.73 130.85 7.75 - 19.00 PA
Bharat Ras 8620.25 8546.15 8621.00 8718.85 8500.00 2.4111699.00 4586.00 22 8542.85 P Pw NIIT [2] 139.90 137.85 137.15 141.70 136.30 591.29 148.50 53.55 18 137.65
GE Ship 224.70 220.10 228.90 228.90 217.10 207.48 369.35 168.95 3 220.35 Nila Infras [1] 4.00 3.85 4.00 4.00 3.85 262.65 6.44 2.19 - 3.88
Bharat Wire 23.85 23.50 23.85 23.85 23.20 1.75 36.75 10.50 - 23.60 GE T&DInd 81.10 81.25 82.75 82.75 80.70 20.17 208.00 58.00 - -
BharatDynamc 289.40 286.95 293.00 293.00 286.00 82.95 481.25 147.00 13 287.00 W NILA SPACES 1.10 1.05 1.10 1.10 1.00 166.81 1.60 0.45 - -
Geecee 71.95 71.70 73.05 74.00 71.05 5.43 101.95 40.30 19 72.00 Nilkamal 1261.30 1251.25 1250.00 1267.45 1240.55 8.13 1544.15 911.00 28 1250.30
BharatRdNwk 29.30 29.55 29.35 29.65 28.90 2.50 80.00 28.35 - 29.40 GenInsurCor [5] 117.85 121.60 119.80 123.50 118.20 269.50 333.85 81.70 - 122.05 WH
Bharti Air [5] 433.75 457.40 435.00 460.00 435.0028174.60 611.70 350.50 - 457.55 W Nippo Bat 516.05 518.85 520.05 520.05 505.20 0.37 660.00 347.30 6 516.00
Genus P&B [1] 4.85 4.75 4.85 4.85 4.75 29.11 6.84 2.80 - 4.78 NipponLIAM 271.85 271.00 272.00 273.90 268.50 419.34 452.90 207.70 - -
Bharti Infratel 185.55 180.70 186.60 187.15 179.65 5486.84 295.75 121.25 16 180.70 Genus Pwr [1] 27.10 27.20 27.10 27.45 26.70 53.72 31.70 12.65 13 27.05 W
BHEL [2] 28.00 27.85 28.25 28.30 27.5015607.09 58.00 19.20 - 27.85 K Nitco 17.50 17.35 17.75 17.85 17.25 16.02 34.25 10.80 - 17.30
GeojitFinSer 39.45 39.90 39.95 40.75 39.30 294.37 45.75 14.90 - - Nitin Spn 51.35 51.50 55.00 55.00 41.15 440.94 63.95 24.70 19 51.50
BIL Ener [1] 0.80 0.75 0.80 0.80 0.75 89.89 1.77 0.45 - 0.78 GEPowerIndia 204.95 201.90 205.95 223.00 198.35 1325.60 820.90 199.00 88 201.80
Biocon [5] 403.60 404.15 403.60 407.00 395.60 2582.52 477.90 235.80 142 404.00 NK Industries 18.50 18.90 18.80 19.40 17.60 1.43 29.60 16.25 - 18.10
GFL 79.35 79.05 79.50 80.00 77.95 17.11 163.50 59.00 - - NLC India 48.80 48.50 48.90 49.40 48.35 174.01 62.55 35.05 5 48.60
BirlaCable 48.15 47.05 49.00 49.40 46.80 40.36 89.70 24.60 - 46.95 GHCL 156.85 153.45 158.95 158.95 152.80 111.82 220.25 68.80 5 153.00
BirlaCorp 640.05 634.70 642.00 647.00 630.50 57.75 807.60 372.50 20 634.40 M NMDC Ltd [1] 82.45 84.15 82.70 85.30 81.80 8262.40 139.50 62.00 9 84.25
GIC Hsg 98.50 101.70 98.90 104.45 98.15 991.16 181.90 52.10 - 101.65 Nocil 137.20 133.10 137.20 138.50 132.00 897.58 156.30 44.70 20 133.60
BIRLASOFT 178.75 174.50 180.40 182.70 173.15 518.85 210.40 46.70 - - Gillander 31.35 29.65 31.50 31.50 29.20 2.79 36.00 15.95 - - m N w
BirlaTyres 19.50 19.10 19.90 20.00 18.90 162.68 53.10 2.70 - - D NovartisInd 626.50 620.40 639.00 639.00 619.00 4.19 706.75 615.25 - -
Gillette 5286.45 5318.80 5251.10 5336.40 5240.40 2.99 8145.00 4420.00 75 5313.85 NRAgarwalInd 180.20 179.70 183.00 185.00 176.20 4.18 292.50 123.30 - -
Bk of Ind 38.60 39.05 38.90 39.65 38.30 2119.76 79.80 30.45 - 39.10 Ginni Fil 11.60 11.55 11.40 11.70 11.15 12.75 17.00 4.95 - 11.55
Bk of Mah 11.05 11.20 11.05 11.40 11.00 1058.51 15.34 7.71 - 11.23 NRB Bear [2] 67.15 67.45 68.90 68.90 67.10 79.21 114.00 48.50 - 67.60
GKW 482.35 455.85 471.00 471.00 435.00 0.14 802.00 368.75 - -
Bk ofBar [2]
BKMInd [1]
41.70
0.60
44.85
0.55
42.10
0.60
45.25
0.60
41.8561695.40 108.25
0.55 0.66 1.40
36.05
0.39
- 44.80
- 0.59
Glaxo Phr 1464.75 1409.05 1470.00 1472.05 1402.65 42.17 1805.00 1046.40 65 1409.10 K NRB Ind [2]
NTPC
5.50
87.60
5.25
89.20
5.60
88.30
5.75
89.60
5.25 2.15
87.9531922.06
9.50
125.00
3.65
74.00
-
8 89.25
-
Glb.Vect 47.20 46.55 48.50 48.50 46.35 3.82 69.70 30.65 - 46.45 K Nucleas Sw 606.85 576.55 595.00 599.00 576.55 59.13 754.40 170.00 15 576.30
Bliss GVS [1] 170.30 168.20 171.00 171.15 153.20 735.94 181.25 82.50 23 168.45 Glenmark [1] 474.80 473.30 474.00 476.35 467.80 1531.71 572.70 168.00 9 473.15 K C
BLSIntlServ [1] 82.60 80.75 84.00 84.05 79.50 22.24 128.15 27.25 31 81.10 Nxtdigital 615.90 615.50 610.30 623.00 600.45 2.01 724.80 180.30 - -
Glob.Spr 289.15 283.55 292.75 293.55 278.05 173.94 354.40 60.75 12 283.15 K C m
Blue Dart 3696.30 3859.90 3696.30 3920.00 3563.55 180.30 3920.00 1860.00 - 3859.85 GlobeText(I) 52.50 51.45 53.00 54.75 50.80 66.51 60.45 50.80 - - K Pw
BlueStar [2] 627.65 623.75 630.80 637.00 613.75 152.44 887.00 425.00 507 623.20 GM Brew 375.65 372.95 374.75 378.85 372.00 9.70 470.00 220.00 15 372.75 K O................................................
Bodal Chem [2] 59.95 59.95 60.15 62.50 59.50 88.59 88.50 34.50 13 59.75 GMDC [2] 42.65 42.30 42.55 42.80 42.10 163.09 72.40 29.50 6 42.35 K Oberoi 443.15 440.95 445.40 460.00 435.80 556.16 583.55 290.10 64 441.70
Bomay Bur [2] 1211.15 1189.45 1212.00 1222.00 1181.15 29.81 1566.80 538.00 276 1190.10 GMMPfauder [2] 3551.20 3512.55 3535.05 3574.40 3505.00 35.30 6913.85 1357.50 72 3513.75 K m H OCL Iron [1] 2.80 2.75 2.80 2.90 2.75 9.04 4.94 1.50 - 2.77
Bombay Dye [2] 61.75 61.40 62.10 62.25 60.90 643.24 101.75 36.20 - 61.35 GMR Inf [1] 23.40 23.35 23.40 23.75 23.25 3690.48 28.25 14.10 - 23.35 K m OdishaCeme [2] 842.85 838.90 845.00 857.10 825.20 52.73 918.00 406.00 117 840.35
BombySuprHyb 89.00 92.80 97.40 97.40 91.00 1.76 99.95 81.65 - - GNA Axles 228.60 228.25 231.00 233.95 226.00 20.02 324.70 132.00 17 227.95 K Oil Country 4.65 5.10 5.10 5.10 4.70 78.27 8.95 2.87 - 5.04
BorosilRenew 92.20 92.50 92.80 94.80 90.75 412.78 224.00 27.50 - - GNFC 205.80 203.75 205.75 211.00 202.00 423.36 232.30 95.70 7 203.70 K C m Oil India 85.95 83.90 86.00 86.55 83.60 1015.35 173.50 66.00 5 84.00
Bosch 11610.15 11569.85 11680.00 11741.00 11431.00 38.08 17136.60 7874.00 68 11566.00 Goa Carb 207.95 209.75 207.35 218.50 205.60 41.73 375.05 109.25 - 209.70 K N OlectrGrnTec 58.90 57.70 59.85 59.85 57.45 17.15 207.00 41.45 - -
BPCL 354.45 346.40 353.80 354.65 344.75 4345.36 549.70 252.00 14 346.80 GOCL Corp [2] 176.45 176.35 177.05 180.00 174.65 10.49 315.00 111.00 - 176.70 K OM Metal [1] 16.75 16.75 16.65 17.20 16.50 20.86 28.80 10.00 8 16.65
BPL 17.35 17.10 17.95 17.95 17.05 22.11 25.93 8.60 - 17.20 God.Pow.Isp 350.75 364.85 345.10 368.25 345.10 92.84 393.40 81.00 12 368.25 K m Omax Auto 38.85 38.65 39.50 39.50 38.40 3.26 66.70 18.70 - 38.65
Brigade 179.25 181.05 184.00 184.00 177.75 210.44 255.00 90.70 18 181.00 Godfrey [2] 896.95 881.80 901.45 901.95 877.75 12.41 1480.40 732.40 14 882.00 K B Omaxe 66.30 66.35 66.50 67.60 64.00 141.58 222.20 59.60 - 66.35
BrightcomGr [2] 5.15 5.25 5.25 5.40 5.15 1163.15 13.02 2.62 - 5.29 Godrej Cons [1] 664.80 656.05 664.80 674.50 653.60 1871.85 771.75 425.10 55 656.00 K OMDC [1] 2124.75 2091.30 2101.35 2169.00 2068.90 7.50 3140.00 863.30 - 2090.10
Britannia [1] 3473.25 3420.30 3483.00 3485.95 3391.15 764.39 4015.00 2100.55 48 3420.25 Godrej Ind [1] 366.10 358.10 366.00 369.25 356.00 75.34 478.20 234.00 - 358.30 K Omkar Spl 6.95 6.70 7.10 7.10 6.65 11.96 9.34 2.27 - 6.66
BSE 493.35 481.25 495.00 500.00 475.00 289.82 608.00 275.00 - - Godrej Pr [5] 1034.45 1141.75 1037.00 1149.90 1035.00 5776.70 1188.00 505.95 152 1139.35 KAYA Onelife Cap 5.60 5.55 5.60 5.85 5.40 0.43 8.79 4.92 - 5.52
BSEL Infra 1.20 1.15 1.20 1.20 1.15 130.03 1.60 0.65 - 1.18 GodrejAgrovt 515.60 514.10 513.00 527.95 508.20 80.61 597.95 265.05 32 512.90 KCP OnePntOneSol 14.60 13.25 15.45 15.45 13.15 58.75 24.50 7.40 - -
BSL 33.05 31.70 34.90 34.90 30.35 19.51 41.80 17.95 - 32.80 Gokaldas [5] 71.40 70.15 71.50 72.00 69.50 60.06 95.00 27.60 16 70.25 KCP ONGC [5] 64.90 65.70 65.40 66.05 64.2012847.85 149.65 51.80 7 65.70
Burnpur 1.65 1.65 1.70 1.70 1.60 128.93 2.90 0.60 - 1.63 Gokul Agro [2] 12.95 13.05 13.20 13.45 12.80 5.41 19.38 7.99 11 13.07 KDD OnMobile 47.50 47.75 49.70 50.10 46.95 883.22 52.40 12.95 - 47.40
Gokul Ref [2] 12.20 12.05 12.20 12.45 11.80 10.62 19.80 8.04 - 12.15 K C Onward Te 61.60 61.15 62.05 63.95 60.95 2.60 76.90 34.65 14 61.15
C ................................................ Gold.Tobac 21.15 21.95 21.80 22.00 20.35 2.29 41.80 18.00 - 21.15 K OptimusInfra 102.10 107.20 103.55 107.20 103.55 56.66 113.50 14.90 - 105.65
Cadila HC [1] 417.70 410.65 418.00 423.45 404.00 2958.69 447.95 212.70 21 410.15 Goldiam Int 152.60 151.95 152.60 156.95 150.00 9.53 184.10 73.15 21 151.45 K Opto Cir 6.90 7.20 7.20 7.20 7.10 303.01 19.85 1.45 - 7.35
Cambridge 29.30 27.85 30.30 30.30 27.85 13.14 37.30 11.65 24 28.50 GoodLuck St [2] 37.90 37.75 38.00 38.20 37.60 12.65 68.00 20.65 3 37.80 K m Oracle Fin [5] 3143.60 3144.75 3150.00 3174.15 3115.00 19.60 3402.05 1532.50 16 3143.90
Camlin Fine [1] 96.60 95.20 97.95 97.95 94.50 136.57 119.90 33.40 35 94.90 GoodyearInd 810.10 785.90 816.00 819.95 780.00 24.43 879.80 686.30 - - K m Orbit Exp 60.60 58.50 60.95 61.25 58.15 8.79 102.00 47.00 14 58.60
Canara Bk 86.20 87.35 87.00 88.70 86.25 9251.46 234.30 73.85 - 87.35 GP Petrol [5] 34.10 33.70 34.80 34.80 33.50 19.63 59.90 24.60 18 33.80 K w C Oricon Enter [2] 18.10 18.35 18.10 19.00 17.80 68.85 24.40 8.90 - 18.30
CanFinHom [2] 457.25 462.30 457.20 469.65 455.05 173.54 519.00 253.55 15 462.95 GPTInfraProj 27.10 27.05 29.60 29.60 26.25 7.38 48.85 13.00 6 27.75 K Orient Bell 126.95 125.45 127.30 131.90 124.00 20.27 149.80 51.40 - 125.10
Cantabil 327.10 325.30 335.00 335.00 320.55 105.97 370.00 194.00 59 325.15 GrandFoundry 3.15 3.00 3.00 3.00 3.00 2.78 3.50 1.25 - - K m Orient Cem [1] 64.60 63.15 65.15 65.50 62.35 309.36 89.70 35.25 13 63.45
CapaciteInfr 135.35 131.20 140.00 140.00 130.00 23.43 246.00 70.15 36 131.80 Granuels [1] 383.75 369.70 374.15 383.00 367.80 911.13 406.90 114.50 21 369.55 KHA AN CH M Orient Grn 1.95 2.00 1.95 2.00 1.95 369.29 3.57 1.20 - 2.05
CapitalTrust 57.95 57.70 57.80 59.50 56.40 1.40 213.40 47.05 8 57.25 Graphite [2] 176.20 174.75 176.00 177.40 173.55 207.18 337.30 103.00 - 174.80 K Orient Htls [1] 19.95 19.30 19.35 20.00 19.00 25.97 37.45 13.15 - 19.55
Caplin Point [2] 497.45 484.85 502.35 505.10 481.00 108.48 686.00 180.00 20 485.60 Grasim [2] 778.35 787.85 784.40 791.85 775.50 1788.76 836.55 380.00 60 788.35 K & Orient Pap [1] 16.00 16.00 16.05 16.20 15.90 114.76 30.20 11.60 - 15.95
CapriGlo [2] 248.20 249.30 248.00 254.80 248.00 138.77 253.60 115.00 32 249.45 Gravita [2] 42.40 42.15 42.65 42.70 42.00 40.52 69.00 32.00 10 41.95 K OC Orient Pres 67.10 64.20 67.05 67.05 64.20 0.05 133.20 61.20 - -
CARE 298.40 301.80 300.80 303.90 297.65 143.24 726.60 236.45 12 301.85 GreenlaInd [5] 773.45 750.60 769.90 787.00 747.95 15.83 1054.95 450.00 25 755.40 K Orient Ref [1] 186.85 189.45 187.00 192.50 183.50 17.77 268.50 108.50 30 188.50
CarrerPnt 166.55 167.35 167.25 170.05 166.30 6.53 202.00 95.10 20 168.30 GreenPly [1] 80.60 79.30 81.60 81.60 78.70 275.96 178.60 70.20 17 79.20 K B Orient Tri 8.45 8.35 8.45 8.45 8.05 13.56 18.10 4.50 8 8.36
CastrolIndia [5] 114.00 111.35 115.00 116.10 111.05 1241.17 162.05 89.65 16 111.40 GrenpanelInd 73.35 77.00 77.00 77.00 77.00 21.22 77.00 24.00 - - K OrientAbr [1] 19.60 19.80 19.30 19.90 19.30 9.89 24.30 10.10 13 19.70
CCL Prd [2] 240.90 233.30 240.00 245.95 231.45 121.75 293.80 137.25 18 233.60 Grindwel [5] 550.40 552.60 559.90 567.80 532.60 93.30 699.00 369.20 34 553.65 K OrientalArmt 456.95 450.25 456.95 467.90 442.15 9.95 526.90 116.55 - -
Ceat 1093.10 1106.15 1085.00 1134.00 1064.00 336.58 1249.00 601.50 15 1105.50 GRP Ltd 772.45 784.70 751.95 789.90 751.95 0.86 1054.70 504.00 - 777.10 K O OrientalCar 777.45 770.25 789.95 789.95 768.55 2.58 1066.85 470.00 15 773.15
CEEBCO 13.55 13.75 13.90 14.25 13.05 8.51 18.50 6.97 - 13.80 Grvs.Cot [2] 69.75 66.80 70.00 70.60 66.55 721.41 148.00 66.00 19 66.90 K OrientElect 207.80 212.55 207.90 217.40 202.90 256.79 286.90 145.05 - -
Celebrity 4.55 4.55 4.80 4.80 4.50 5.85 7.35 3.67 - 4.61 GSFC [2] 67.90 66.30 68.30 68.75 65.10 1002.09 97.70 29.90 39 66.30 K Ortin Lab 21.90 21.70 21.50 22.45 21.15 35.65 24.50 6.80 - 21.90
Cent Enka 179.15 174.85 181.00 181.00 174.05 15.62 218.50 100.00 18 175.00 GSPL 193.20 191.05 193.90 194.65 189.75 690.32 263.45 146.00 10 191.05 KM Oswal Chem 11.40 11.75 11.30 11.85 11.15 47.33 15.80 6.06 3 11.83
Cent.Bk 11.00 11.00 11.05 11.15 10.85 3194.37 25.80 10.04 - 10.99 GSS Info 36.60 34.95 35.20 37.20 34.70 42.88 50.35 19.00 - 34.85 KNR C OswalAgroMil 8.50 8.50 8.70 8.75 8.40 32.94 16.20 3.00 - 8.50
Cent.Elec 274.90 277.70 280.00 280.00 267.10 1.48 496.05 180.00 14 279.85 GTL 3.15 3.00 3.30 3.30 3.00 252.66 4.07 0.99 - 2.98 K
Cent.Ext [1] 3.40 3.30 3.45 3.45 3.30 164.61 6.54 1.45 - 3.31 GTL Infra 0.60 0.60 0.65 0.65 0.60 1279.73 1.01 0.21 - 0.64 K P P

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P&GHealth 5140.85 5224.40 5186.00 5269.95 5160.00 15.61 5685.00 2891.45 ­  ­  SAL  Stl 2.60 2.70 2.65 2.70 2.55 5.03 4.36 1.60 2 2.70 Swaraj  Eng 1413.60 1391.60 1411.50 1420.75 1385.00 3.74 1708.95 807.35 26 1391.25 VIP  Ind   [2] 271.90 273.00 275.00 276.00 270.00 104.81 519.90 187.95 ­  272.55
P&S  Bk 10.65 10.60 10.70 10.75 10.55 175.94 23.05 9.20 ­  10.62 SalasarTech 200.25 200.10 204.00 204.00 196.55 31.86 213.95 68.80 17 200.35 Symphony   [2] 845.60 836.40 849.85 850.05 834.60 90.33 1407.35 690.00 36 837.35 VIPClothing   [2] 8.95 8.75 8.95 9.10 8.70 35.16 12.56 3.38 ­  8.76
Page Ind 20071.90 19662.20 20125.00 20272.90 19450.00 66.14 26891.00 16186.75 114 19629.40 SalonaCot 58.00 69.60 59.95 69.60 55.50 106.73 87.80 36.05 65 65.30 Syngene  Int 534.95 528.95 535.95 536.80 522.00 408.69 596.85 201.65 60 528.95 Vipul  Ltd   [1] 13.30 13.00 13.45 13.45 12.95 4.52 34.70 11.40 ­  ­ 
PaisaloDigit 385.75 378.50 393.05 394.55 365.05 39.17 489.95 144.30 29 376.15 Salzer  Elec 103.45 104.15 104.80 107.85 103.15 96.89 130.80 47.30 8 103.90 Visak.Ind 362.60 357.95 360.05 366.75 355.00 23.56 386.60 95.00 10 359.10
PalashSecu 29.10 28.20 29.00 29.00 28.15 0.39 41.95 16.60 ­  28.30 Sambhaav   [1] 1.90 1.90 1.90 1.95 1.85 71.37 4.28 1.25 ­  1.96 T ................................................. VishalFabric 208.40 198.00 198.00 198.00 198.00 2.09 412.00 198.00 ­  ­ 
Pan.Petro   [2] 54.65 51.55 54.50 55.15 51.05 137.82 75.20 25.40 21 51.60 Sanco  Ind 14.40 14.40 14.45 14.50 14.15 118.55 16.60 6.00 ­  ­  Tainwala 53.75 53.25 54.05 54.05 52.35 2.10 81.75 31.75 19 53.10 VishwarajSug 116.85 116.75 120.00 120.00 115.00 22.25 129.05 51.30 ­  ­ 
Panac.Bio   [1] 173.50 171.70 175.50 176.00 171.05 16.85 241.28 82.57 ­  171.25 Sandesh 496.75 496.05 517.05 517.05 490.25 4.13 752.00 380.00 6 498.60 Taj  GVK   [2] 127.05 125.25 127.05 128.95 124.50 94.73 222.95 82.00 ­  125.15 Vivi  Lab   [2] 17.50 16.95 17.90 17.90 16.80 91.70 23.62 6.50 ­  16.90
PanachDigLif 45.50 44.10 45.50 46.10 44.10 13.40 72.80 33.30 ­  ­  SandharTech 223.00 219.65 222.90 228.50 217.25 5.42 302.00 121.10 56 220.20 Take  Sol   [1] 40.95 40.25 41.15 41.85 40.10 140.74 117.40 37.15 24 40.25 VLS  Fin 53.00 52.65 53.80 53.85 52.25 5.21 65.45 26.50 4 52.85
Paper  Pro   [2] 275.15 281.00 281.55 282.00 277.95 104.95 336.00 165.00 13 280.90 Sangam 48.95 47.95 50.25 50.25 47.40 2.72 70.50 33.60 ­  48.15 Talbros 120.55 117.45 119.05 125.60 116.50 9.50 161.20 62.05 ­  117.85 Voltamp 985.80 984.00 976.60 990.00 973.00 2.09 1475.00 710.00 11 987.25
ParagMilk 106.15 103.85 106.05 107.00 102.80 150.90 162.70 48.50 13 103.85 Sangh.Mov   [2] 76.65 77.75 75.25 78.70 75.20 10.93 120.00 44.65 ­  78.25 Tanla  Sol   [1] 325.05 341.30 341.30 341.30 333.30 630.80 341.40 38.00 126 341.40 Voltas   [1] 705.55 720.45 707.50 723.70 696.10 1946.40 740.50 428.00 45 720.10
Param.Comn  [2] 7.05 6.70 7.10 7.10 6.05 195.33 10.09 5.00 ­  6.74 Sanghi  Ind 31.80 29.95 31.75 31.90 29.55 1072.44 46.75 15.15 23 29.90 Tarmat 37.40 36.85 37.00 39.40 36.80 4.78 48.20 18.55 6 36.85 VRL  Logistic 149.75 149.25 150.50 154.00 149.00 56.50 295.65 120.50 ­  149.25
Parsvnath   [5] 2.35 2.25 2.30 2.45 2.25 145.20 3.89 1.20 ­  2.24 SanginitChem 64.05 62.35 61.20 66.40 60.10 19.99 155.95 60.10 ­  ­  TastyBiteEat 10003.80 10083.70 9990.00 10145.00 9950.00 1.01 13747.10 7442.55 75 10075.00 VST  Ind 3398.70 3426.55 3412.00 3449.40 3333.05 4.47 4856.45 2550.00 17 3419.70
Patel  Eng   [1] 9.45 9.70 9.75 9.80 9.25 302.35 21.90 8.10 ­  9.70 Sanofi 8000.25 8350.00 8070.65 8410.40 7915.25 23.06 8999.00 5900.05 37 8348.00 Tata  Chem 322.35 313.50 319.95 324.00 311.45 2854.57 345.80 197.40 14 313.50 VST  Til 1568.00 1627.85 1561.90 1655.00 1552.25 26.06 1949.30 601.00 60 1637.10
Patel  Int 21.10 20.95 20.65 21.50 20.50 15.84 35.65 9.05 6 21.40 Sarda  Ene 244.40 258.90 246.70 262.00 241.50 69.83 297.65 97.50 6 260.15 Tata  Cof   [1] 101.60 99.85 102.00 102.95 99.30 436.94 119.80 47.10 33 100.10
Patspin  Ind
PC  Jewl
4.15
15.35
4.15
15.35
3.95
15.20
4.15
15.60
3.95 2.00
15.15 616.37
7.75
36.75
3.80
7.80
­  4.11
­  15.35
Saregama
Sarla  Perf   [1]
661.15
17.10
659.15
17.00
666.45
17.10
690.00
17.60
649.40 54.85
16.85 113.08
715.65
28.00
185.00 15 657.10
10.85 6 16.95
Tata  Com
Tata  Elxsi
933.30
1534.10
957.30
1496.30
975.00
1526.85
975.00
1536.95
941.10 85.26
1490.00 306.38
989.00
1709.90
205.70 35 956.95
501.00 30 1497.45
W ................................................
PDS  Multinat 359.35 356.35 360.00 360.00 356.00 1.58 416.00 240.00 336 357.00 Sasken 654.95 657.05 658.25 660.00 651.20 11.18 794.20 342.20 11 658.05 Wabco  Ind   [5] 4881.35 4826.65 4885.35 4929.00 4795.00 2.27 7622.95 4805.00 124 4817.60
Tata  Inv 845.35 849.85 849.60 860.05 831.25 20.77 1025.00 592.15 38 849.95 Walch.Ind   [2] 46.45 45.85 47.80 47.80 45.40 36.78 76.30 22.15 ­  45.90
Pearl  Glo 163.20 161.00 164.85 171.80 160.25 12.74 202.00 82.50 ­  160.95 SastaSunVent 95.40 102.05 95.45 104.60 95.00 41.79 117.00 40.00 ­  100.30 Tata  M  DVR   [2] 55.55 54.95 56.05 56.30 54.50 3598.98 84.40 28.35 ­  55.05
Pearl  Poly 16.00 16.50 16.00 16.50 16.00 0.11 23.00 8.85 ­  16.55 SatiaIndus 102.00 100.80 102.15 103.90 99.70 35.47 143.00 50.10 ­  ­  Waterbase 99.25 99.20 99.25 101.05 98.80 38.41 121.00 90.25 ­  ­ 
Tata  Metlk 514.75 515.45 517.00 526.60 511.00 22.75 688.00 311.40 8 515.55 Webel  SL 21.10 21.35 20.75 21.50 20.50 34.27 33.00 11.88 4 21.05
Peninsula   [2] 3.90 3.85 4.05 4.05 3.85 42.63 6.35 2.24 ­  3.91 Satin  Credit 52.75 52.25 53.50 55.10 51.85 93.98 233.58 43.07 2 52.10 Tata Motors  [2] 132.65 132.85 133.65 134.00 131.1040388.69 201.80 63.60 ­  132.85
Pennar  Ind   [5] 16.30 16.00 16.25 16.65 15.95 135.01 31.20 11.40 ­  16.15 Savita  689.90 681.30 689.85 693.50 674.95 0.75 1038.00 497.00 11 680.70 Weizman 29.15 29.05 30.45 30.45 29.00 1.96 41.60 14.00 10 ­ 
Tata  Steel 410.55 402.85 410.00 412.50 398.7013143.11 505.95 250.90 8 402.80
Persistnt 1158.65 1128.90 1124.00 1148.50 1103.15 117.89 1389.95 420.00 19 1127.90 SBI    [1] 189.25 196.05 192.20 197.25 190.0552600.12 351.00 149.55 16 196.00 Wels.Corp   [5] 107.45 101.50 107.95 108.60 99.50 2091.71 233.70 55.00 3 101.50
TataConsumPr 492.85 493.75 494.00 498.20 488.30 6105.18 591.95 213.70 ­  ­ 
Petronet 230.95 226.65 231.50 232.40 225.00 3472.69 289.70 170.75 12 226.50 SBICards&Pay 799.75 807.05 799.00 814.60 793.20 887.92 918.75 495.00 ­  ­  TataPowerC  [1] 52.15 52.65 52.40 52.90 52.00 9575.49 63.45 27.00 ­  52.65 Wels.India   [1] 69.85 66.50 69.85 70.40 66.40 1085.63 78.00 18.30 20 66.75
PFC 87.10 91.35 87.85 92.10 86.95 7259.07 133.30 74.20 4 91.25 SBILifeInsur 769.15 766.05 771.00 778.50 762.20 891.89 1025.55 520.00 48 766.15 TataSteelBSL 24.90 24.65 25.05 25.20 24.35 4452.55 32.55 15.10 ­  ­  Wels.Inv 260.00 274.30 264.30 280.00 260.00 17.67 275.30 139.65 12 272.55
Pfizer 4984.95 4984.40 5039.90 5056.90 4946.15 53.78 5273.55 3588.15 44 4967.45 SchaeflerInd 3764.70 3677.15 3730.00 3844.20 3633.00 3.61 4950.00 3044.10 49 3663.50 TataStlLngPr 433.45 439.30 430.20 447.80 425.90 59.56 497.00 164.00 ­  ­  Welspun  Ent. 75.05 74.50 77.50 77.50 74.00 94.41 100.10 33.35 9 74.50
PGHH 10197.10 10209.15 10200.00 10395.85 10145.05 3.80 12521.45 8500.00 76 10175.10 SChand&Co   [5] 62.20 62.10 64.50 64.55 61.20 1.82 104.00 33.95 ­  62.30 TCI  Devl 307.40 297.00 308.55 309.90 286.15 0.44 444.75 205.55 ­  300.00 Wendt 2929.75 2990.90 2935.35 3025.05 2905.20 0.45 4257.75 1590.00 126 3025.00
Phil.Carbon   [2] 141.25 142.40 141.00 143.65 137.05 532.05 154.90 54.20 12 142.35 Schneider   [2] 69.95 69.55 71.00 71.00 69.20 56.53 113.90 58.00 ­  69.60 TCI  Express   [2] 793.10 768.35 793.00 819.70 761.10 25.27 950.45 491.00 43 767.75 West  C  Pap   [2] 157.70 156.90 157.00 159.95 155.10 21.57 257.45 99.90 7 156.65
Phoenx.Mil   [2] 576.20 564.55 578.00 579.10 561.00 69.00 979.50 466.25 85 565.40 SCI 51.15 50.15 51.45 51.50 49.85 555.83 69.80 31.65 4 50.15 TCI  Fin 4.30 4.20 4.25 4.25 4.20 1.28 13.30 3.80 ­  ­  WestlifeDevp 378.20 370.35 378.20 378.20 370.00 24.48 499.40 267.00 ­  ­ 
PI  Ind   [1] 2197.20 2229.15 2199.00 2263.00 2198.75 462.99 2262.90 973.70 60 2230.80 SE  Power 2.50 2.60 2.60 2.60 2.40 25.10 4.25 1.26 ­  2.48 TCNSClothing 370.30 381.00 380.00 383.90 367.40 18.78 750.00 295.10 ­  ­  Wheels  Ind 394.55 395.15 402.80 402.80 391.00 4.09 720.00 284.15 ­  394.00
PidiliteInd   [1] 1570.40 1556.45 1580.00 1599.55 1552.75 705.23 1709.85 1186.05 87 1554.75 Seamec 404.50 399.00 405.20 405.20 398.50 8.81 530.00 195.00 13 399.40 TCPLPackage 364.70 362.50 373.00 375.05 353.80 0.65 465.00 130.00 ­  ­  Whirlpool 2120.50 2051.45 2130.00 2142.00 2035.05 173.76 2570.00 1343.00 86 2049.50
PIL  Italica   [4] 6.65 6.70 6.95 6.95 6.60 25.66 7.39 2.98 ­  6.64 SecuriIntSvc  [5] 370.20 385.05 372.00 389.90 368.80 265.05 624.10 313.65 ­  386.20 TCS   [1] 2664.85 2604.60 2660.00 2664.85 2600.05 2571.20 2885.00 1504.40 32 2603.85 Wil.Magor 16.90 15.60 16.55 16.55 15.45 4.26 26.90 8.20 ­  ­ 
Pilani  Inv 1900.65 1894.80 1949.00 1949.00 1855.00 0.44 2100.00 910.00 14 1900.60 Selan  Exp 101.15 99.90 104.40 104.40 99.70 14.17 181.00 62.35 11 100.00 TD  Power 103.65 107.05 104.95 108.00 101.55 8.75 189.80 71.90 52 106.50 Win.Diamond[2] 12.95 13.50 13.00 13.55 12.80 14.98 25.25 7.75 ­  13.56
Pion.Dist 99.00 98.35 98.75 99.80 95.65 7.00 151.00 90.00 ­  98.45 Sequent  Sc   [2] 141.80 138.20 142.85 142.85 136.85 479.82 168.80 52.00 128 137.95 TeamleaseSvc 2227.10 2200.35 2255.00 2255.00 2185.55 2.71 3010.85 1421.35 97 2200.90 Wipro   [2] 340.70 334.80 341.75 341.75 333.70 4831.13 381.70 159.60 22 334.90
Pion.Emb 19.95 19.70 19.20 20.35 19.20 41.25 36.40 14.65 16 20.00 Sesh.Paper   [2] 128.60 128.05 125.35 128.95 125.35 8.82 194.00 82.05 5 127.90 TechInd  Nirm 2.45 2.55 2.55 2.55 2.55 1.25 3.90 1.70 ­  ­  Wockhardt   [5] 291.30 295.65 292.65 309.85 285.50 1461.21 411.60 147.20 ­  295.50
PiramalEntp   [2] 1262.25 1296.80 1263.00 1304.00 1252.55 1170.02 1829.47 608.00 ­  1296.35 SetubandInfr 0.70 0.70 0.70 0.70 0.65 28.94 1.20 0.35 ­  ­  TechMahin  [5] 813.30 814.65 821.40 824.80 809.40 4433.98 887.50 470.25 19 814.10 WonderlaHoli 157.90 156.50 158.05 160.00 155.30 27.47 293.00 104.95 ­  156.60
PittiEngg   [5] 33.25 39.90 36.05 39.90 35.50 611.28 53.30 19.30 22 39.90 SeyaIndus 67.35 64.65 68.35 68.35 63.00 14.16 224.50 36.05 ­  ­  Technocr 339.85 341.25 346.00 346.00 332.45 5.06 399.40 144.00 8 341.50 WorthPeriprl 40.90 40.60 40.80 41.70 40.50 1.31 57.75 37.85 ­  ­ 
Plastiblen   [5] 205.40 203.95 205.05 206.75 201.85 3.36 242.80 96.05 18 204.05 Shah  Alloy 6.50 6.85 6.50 6.90 6.05 0.55 9.70 4.50 ­  ­  TechnoEle&En 191.70 197.10 194.60 204.00 191.65 52.88 322.00 171.05 ­  ­ 
PNB  Gilts
PNB  Housing
38.15
352.80
40.85
355.05
39.35
342.50
41.50
366.50
39.30 782.64
342.50 427.09
49.00
599.00
21.50 2 40.75
146.00 11 354.85
Shal.Paints   [2]
SHALBY
70.30
90.65
68.55
91.45
70.30
91.00
70.30
93.25
68.15 49.15
91.00 269.58
111.00
123.05
43.85
40.05
­  68.80
­  91.40
TejasNetwork 89.85 91.00 90.50 92.55 89.30 484.45 114.00 30.50 ­  ­  X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TeraSoftware 32.50 30.40 33.50 33.50 30.10 65.15 36.80 12.55 10 30.70 Xchang 71.65 70.15 72.65 72.65 69.00 75.60 99.70 25.00 33 70.35
PNC Infratec  [2] 171.15 166.95 172.00 172.10 163.20 234.54 214.75 80.85 15 165.70 ShankarBldg 316.45 314.05 318.95 320.35 313.00 11.39 583.00 214.60 200 313.85 Tex.Infra   [1] 33.75 33.50 34.30 35.00 33.05 26.56 56.15 22.50 ­  33.90
PodarHseDVPT 146.65 146.75 149.95 155.00 144.00 3.29 397.95 142.90 ­  143.35 Shanthi  Grs   [1] 101.45 101.55 105.80 105.80 100.10 63.91 128.60 56.30 75 101.30 Xpro  India 22.15 21.85 21.80 22.00 20.90 0.63 34.80 12.55 ­  20.90
Tex.Pipe 16.30 15.90 16.30 16.45 15.85 41.75 18.55 7.01 7 15.95 Yes  Bk   [2] 12.40 12.25 12.45 12.50 12.2049849.40 87.95 5.55 ­  12.24
PoddarPigmen 179.25 173.40 180.95 180.95 171.00 5.23 226.00 100.10 10 174.95 Sharda  Motor 850.00 861.35 846.45 885.00 844.55 1.07 1190.00 483.00 16 859.30 Tex.Rail   [1] 23.90 23.45 24.15 24.15 23.35 95.79 48.85 14.50 13 23.50
Pokarna  Ltd   [2] 136.45 136.75 137.05 137.50 134.10 11.12 181.00 46.75 ­  136.35 ShardaCropch 273.40 259.80 272.00 280.55 254.05 45.33 329.05 99.00 12 260.40 Zee  Ent   [1] 187.90 183.45 186.70 186.70 181.0024307.02 362.50 114.00 36 183.35
TGB  Banq 4.75 4.70 4.95 4.95 4.70 9.40 7.82 1.87 ­  4.95 Zee  Learn   [1] 10.80 10.80 10.80 10.95 10.60 325.00 28.45 10.04 5 10.83
Poly.Medi   [5] 481.35 474.60 482.20 484.25 471.00 40.92 542.75 198.15 40 473.90 ShareIndSec 99.35 100.25 99.40 101.05 99.40 15.12 119.80 92.20 ­  ­  Thanga.Jwl 391.65 407.65 395.95 453.70 395.25 375.43 485.00 216.90 8 406.85
PolycabIndia 920.70 910.90 920.00 941.50 905.00 271.98 1182.00 570.00 ­  ­  SheelaFoam   [5] 1308.25 1302.10 1370.00 1398.95 1262.25 56.98 1770.00 1101.00 46 1302.80 Zen  Exp 43.00 41.50 45.10 45.50 41.50 0.79 80.30 31.55 ­  41.25
The  Byke  Hos 13.50 13.40 13.20 13.50 13.20 5.37 23.30 7.65 ­  13.42 Zen  Tech.   [1] 73.95 71.15 71.90 72.75 69.00 211.66 97.00 22.40 20 71.25
Polyplex 778.15 767.95 775.00 783.85 758.70 78.91 878.40 282.50 21 767.00 Shemaroo  Ent 54.90 53.80 55.60 55.60 53.50 15.68 189.80 41.80 5 53.80 TheAnupEngg 600.50 564.55 590.00 595.90 558.15 25.92 698.00 225.05 ­  ­ 
Ponnie  Sug 151.65 151.55 151.05 154.05 148.10 1.67 193.25 87.55 4 151.25 Shilpa  Med   [1] 447.85 413.75 440.00 446.00 406.40 614.41 692.45 240.30 15 413.75 ZensarTec   [2] 177.85 174.00 177.00 177.00 172.30 103.68 211.90 63.70 16 173.95
TheInvstTrst 114.05 107.50 127.00 127.00 103.95 2.53 149.90 62.40 ­  ­  Zod.Clo 96.10 96.00 96.10 97.75 93.20 6.45 203.05 89.95 ­  96.00
Power  Mech 376.55 369.80 363.55 373.65 363.55 10.05 800.00 310.00 11 370.80 ShirpurGold 7.00 7.00 7.40 7.40 6.85 21.60 18.40 5.20 ­  6.99 TheMandRetVe 8.65 8.50 8.75 8.95 8.45 23.32 20.75 5.10 ­  8.61
PowerGrid 171.00 173.05 172.55 174.40 171.95 7550.78 211.10 129.75 8 173.10 Shiv.Global 7.05 7.00 6.90 7.15 6.45 10.82 13.65 5.55 ­  7.00 Zod.Jrd 22.75 22.75 22.75 22.80 22.75 0.71 43.55 18.75 ­  22.25
Themis 322.50 319.55 327.95 327.95 318.30 4.25 458.00 227.45 15 321.65
PrabhatDairy 51.95 50.25 51.10 51.45 50.05 19.33 90.00 41.00 ­  50.30 Shivam Auto  [2] 16.85 17.35 17.40 17.65 16.65 89.65 31.15 8.25 ­  17.20 ZotaHealthCr 138.70 137.25 138.00 138.95 137.00 14.14 206.40 121.10 ­  ­ 
TheNewInd  [5] 101.25 100.45 102.30 102.30 100.15 155.24 179.05 75.00 12 100.40
Praj  Ind   [2] 76.80 75.45 76.95 77.65 75.00 262.20 129.70 43.00 29 75.55 ShivaMills 22.65 22.75 23.00 23.00 22.15 0.87 40.50 17.00 ­  ­  Thermax   [2] 759.10 753.20 759.00 770.70 744.15 48.85 1169.30 644.00 52 753.85 Zuari  Ag 78.40 81.55 78.50 82.70 77.35 39.34 143.90 44.55 ­  80.60
Prajay 6.55 6.55 6.45 6.70 6.40 1.60 8.60 3.55 ­  6.51 ShivaTaxyarn 77.65 77.80 75.15 79.40 75.15 1.94 129.95 40.60 61 75.10 Thiru.Chem   [1] 71.70 70.75 72.10 73.00 70.25 180.38 86.95 31.50 40 70.70 Zuari  Glo 47.70 47.45 47.20 48.45 46.25 10.35 80.40 22.35 2 47.20
PrakashPipes 74.20 72.45 74.65 74.65 70.10 73.46 86.00 21.60 ­  ­  Shop.Stop   [5] 172.40 174.85 177.50 177.50 171.50 63.35 446.60 131.35 ­  174.70 Thom.Cook   [1] 26.70 26.05 27.30 27.30 26.00 292.07 79.09 21.80 ­  26.15 ZydusWel 1874.40 1783.50 1877.00 1894.70 1759.10 159.68 1950.00 1070.00 ­  1785.20
Praksh.Ind 43.75 43.15 44.40 44.40 43.00 136.44 64.80 18.55 9 43.15 Shr.CU.Fin 798.45 822.75 810.00 839.90 796.00 38.97 1571.65 617.00 6 821.90 ThyrocareTec 1148.70 1150.45 1161.00 1180.00 1141.75 221.98 1212.00 410.00 63 1150.20
Praksh.Stl   [1] 0.65 0.65 0.65 0.70 0.65 45.56 1.11 0.19 ­  0.64 Shr.EPC 3.70 3.65 3.70 3.75 3.65 50.38 8.10 1.96 ­  3.70
PratapSnack  [5] 598.05 600.00 598.05 610.00 582.00 5.96 975.00 435.10 86 601.75 Shr.Ram.Mul  [5] 6.90 6.90 6.75 7.10 6.70 4.43 9.98 3.22 3 7.11
Tidewater   [5]
Tijaria
4371.90
5.40
4279.95
5.40
4379.95
5.65
4400.00
5.65
4251.00
5.40
1.30
5.16
5330.00
10.95
2654.30 15 4294.20
3.76 ­  5.35
Exchange Traded Funds
PrecisionCam 32.55 32.40 32.95 33.05 32.25 41.13 45.00 21.70 6 32.40 Shr.Ren.Sug   [1] 9.90 10.05 9.90 10.10 9.80 704.06 12.45 3.20 ­  10.05 TIL  131.05 131.90 136.80 136.80 130.25 3.16 231.95 92.30 ­  133.80
Precsn.Pipe 210.75 217.70 215.00 219.70 211.95 13.93 259.20 107.70 ­  218.95 Shr.Tr.Fin 693.45 754.05 693.90 765.85 693.9011754.74 1337.02 430.38 9 754.20 Tilakngr  Ind 17.30 17.20 17.65 17.65 17.10 16.12 22.95 12.46 ­  17.25 Company Pre  Cl NSE  Cl Vol 52  WH 52  WL BSE  Cl
Precsn.Wre   [5] 127.65 124.05 129.80 129.85 123.00 9.27 192.65 63.50 13 124.25 ShradInfProj 47.30 49.60 49.60 49.60 49.60 0.30 49.60 37.10 ­  ­  Time  Gty 22.65 21.70 23.55 23.55 21.50 0.53 39.90 13.55 7 ­ 
PremiPolyfil   [5] 21.90 21.35 21.40 21.40 21.35 0.00 61.98 22.50 ­  23.10 Shre  PushChe 106.00 103.65 103.00 107.60 103.00 11.49 143.50 57.00 12 104.15 Time  Tech   [1] 37.40 38.20 37.50 38.70 37.25 355.43 69.05 22.75 14 38.40
PremierExplo 116.45 115.00 115.05 115.55 112.20 101.69 179.35 56.50 ­  115.00 ShreDigvjCem 64.00 61.80 64.00 65.80 61.20 1186.64 66.90 42.75 ­  ­  Axis  Gold   [1] 44.25 44.45 68.18 53.05 28.46 44.48
Timken 1078.75 1069.75 1092.00 1092.00 1063.40 65.76 1228.90 650.00 40 1069.20 AXISAMC  ­  AXISNIFTY 120.93 120.52 3.35 1396.28 110.11 ­ 
Pressman   [2] 16.20 16.35 16.20 16.45 15.75 4.77 30.80 10.40 7 16.25 ShreeCement 21694.55 21671.35 21694.55 21898.55 21512.10 46.68 25341.20 15500.00 50 21668.25 Tinplate 128.80 127.10 129.50 129.95 126.50 130.00 163.95 56.50 16 127.30
Prestige  Est 250.60 243.95 252.90 254.90 241.20 367.43 426.15 133.85 43 243.05 SHRENIK 6.45 6.15 6.50 6.50 6.15 304.31 59.95 5.95 ­  ­  Bank  BeEs   [1] 240.65 250.13 1885.85 332.60 169.70 250.17
Tips  Ind 255.60 245.65 261.40 261.40 239.85 25.29 354.30 68.50 23 245.25 Birla  Gold 4646.95 4663.25 0.21 5400.00 3426.00 4668.00
PRICOL   [1] 60.00 60.00 60.00 61.00 58.00 119.20 66.25 27.20 ­  60.05 ShreRamProtn 33.00 32.75 32.80 32.85 31.60 6.53 43.35 29.75 ­  ­  TirpathiForg 28.55 28.30 27.40 28.30 27.40 0.75 38.35 20.65 ­  ­ 
Prime  Foc   [1] 40.00 38.80 41.25 41.25 38.75 6.03 93.00 17.40 ­  38.85 Shreyans 72.65 71.55 72.95 73.00 71.40 6.72 138.40 55.50 4 71.70 Birla  Nifty   [100] 128.10 128.21 0.40 5800.00 3450.01 4600.00
Tita.Wag   [2] 40.80 40.20 41.40 41.40 40.05 87.03 61.45 20.50 7 40.30 BIRLASLAM  ABSLBANETF 236.87 247.55 8.33 330.00 161.21 ­ 
Prime.Sec   [5] 44.20 44.85 45.35 46.40 44.10 5.80 53.20 24.40 ­  44.40 Shyam  Tel 5.60 5.40 5.40 5.40 5.40 0.20 9.50 5.40 ­  ­  TitanComp   [1] 1165.75 1168.50 1167.50 1182.00 1154.00 2502.80 1340.60 720.00 137 1168.80
PrincPipeFit 230.20 224.60 231.00 232.95 220.00 62.00 260.75 75.30 ­  ­  ShyamCent   [1] 3.80 3.80 3.80 3.90 3.70 9.08 5.30 1.80 ­  ­  BIRLASLAMC ABSLNN50ET 286.00 280.00 0.06 340.00 193.00 ­ 
TN  News 102.00 100.80 104.00 104.00 100.50 44.85 198.70 85.00 20 100.95 ConsConstCon 99.26 99.31 6.84 114.00 61.00 ­ 
PrismJohnson 71.60 71.25 71.50 72.75 70.75 117.05 85.40 25.80 ­  71.15 Sicagen 11.55 11.15 11.80 12.00 11.00 10.58 20.80 7.80 ­  11.05 TN  Petro 36.45 35.75 35.80 36.50 35.35 75.18 48.00 18.55 7 35.75
Prit.Nandi 12.15 11.95 12.00 12.25 11.85 1.17 19.75 7.50 ­  12.20 Sical  Log 10.00 9.95 10.00 10.10 9.90 19.42 24.65 4.95 ­  9.94 DSPBRAMC  ­QUIDETF 999.99 1000.00 13.11 1096.00 810.90 ­ 
Tokyo  Pl 60.05 60.00 60.00 61.45 59.25 11.86 82.00 48.00 ­  60.00 EDELAMC  ­  EBANK 2674.00 2675.00 0.00 3953.96 1832.01 ­ 
PriviSpecial 523.95 521.70 529.70 548.70 518.05 18.93 756.05 355.05 ­  ­  Siemens   [2] 1267.75 1283.35 1270.00 1290.00 1261.70 243.75 1707.85 947.00 60 1282.50 Tor.Pwr 312.20 306.40 312.40 313.90 303.90 775.05 368.75 239.65 6 306.50
ProzoneIntu   [2] 16.10 15.95 16.25 16.25 15.90 39.19 28.55 7.45 ­  15.90 SignetIndus 18.75 19.05 19.00 19.60 18.80 1.36 28.40 13.05 ­  ­  EDELAMC  ­  EBBETF0423 1098.39 1097.59 1.86 1199.00 830.90 ­ 
TorrentPhar   [5] 2566.85 2547.55 2566.00 2574.85 2508.35 253.01 3040.00 1619.00 44 2544.05
PSPProjects 387.05 385.40 389.00 392.00 382.00 6.98 560.00 233.80 14 384.55 SIL  Inv 135.70 136.95 133.05 136.95 133.00 1.41 176.00 70.00 5 135.50 EDELAMC  ­  EBBETF0425 1013.53 1013.71 0.87 1101.00 988.00 ­ 
TotalTranspt 36.70 35.85 36.35 37.35 35.20 1.47 49.90 25.90 ­  ­ 
PTC 47.00 47.60 47.00 47.75 46.40 1418.61 68.45 32.40 4 47.55 SillymonkEnt 23.90 22.10 23.00 23.80 21.80 1.17 37.50 20.80 ­  ­  Tou.Fin.Cor 33.90 33.90 34.80 34.80 33.65 29.50 89.00 27.35 4 34.00 EDELAMC  ­  EBBETF0430 1125.19 1126.00 16.65 1190.00 991.10 ­ 
PTC  Ind  Fin 18.10 17.65 18.35 18.35 17.50 585.07 20.70 6.78 10 17.60 SimbholiSug 6.00 5.85 5.85 5.90 5.70 7.87 9.39 3.56 ­  5.91 TouchwoodEnt 42.20 41.05 46.35 46.35 39.10 2.62 93.25 38.20 ­  ­  EDELAMC  ­  EBBETF0431 1012.87 1012.86 9.18 1014.97 972.00 ­ 
PTL  Ent   [2] 39.30 38.05 40.00 40.00 37.00 38.55 50.65 23.00 5 37.95 Simp.Inf   [2] 29.05 28.70 29.95 29.95 27.80 61.13 64.10 16.45 ­  28.80 TPL  Plastech 106.00 106.15 107.30 108.85 104.50 0.43 150.00 57.25 11 106.00 EDELAMC  ­  EQ30 351.05 353.00 0.09 360.00 238.00 ­ 
PudumjeePap[1] 15.85 15.95 16.25 16.40 15.65 109.20 18.30 9.45 6 15.95 SintercomInd 78.00 77.00 78.00 78.00 77.00 4.00 84.70 77.00 ­  ­  Trans.Corp   [2] 224.35 225.70 225.50 236.35 223.55 44.46 303.00 121.25 15 226.35 Gold  BeEs   [1] 44.32 44.62 2848.52 49.50 33.11 44.59
Pun.Natl.Bk   [2] 26.75 27.95 27.10 28.40 26.7553642.96 69.60 26.30 ­  27.90 SintexPlaTec 2.45 2.35 2.40 2.45 2.35 815.45 2.90 0.55 ­  ­  Tree  Hse 6.10 6.35 6.10 6.40 6.00 21.82 10.02 3.14 ­  6.53 Goldmanamc  ­  CPSEETF 16.35 16.52 758.34 25.10 11.55 16.53
Punj.Chem 605.10 626.30 603.95 630.00 587.55 4.97 668.00 234.40 36 624.45 SircPaintInd 247.90 250.15 248.90 254.00 245.95 6.23 321.95 157.40 ­  ­  TrejharaSolu 18.05 17.20 18.90 18.90 17.15 13.36 22.65 4.45 ­  ­  HangSengBees   [1] 321.35 323.00 0.26 391.60 268.00 328.74
Punj.Mohta 8.10 8.00 8.00 8.50 8.00 2.26 13.75 1.70 ­  ­  SitiNetwork 0.60 0.60 0.55 0.65 0.5560845.25 2.30 0.50 ­  ­  Trent   [1] 659.55 674.70 662.85 682.00 640.95 334.55 804.05 367.55 ­  674.70 HDFC  Gold   [100] 4542.50 4564.10 4.85 5088.50 3385.00 4561.15
Puravankra   [5] 43.05 42.65 43.45 44.50 42.15 67.03 72.90 28.65 ­  42.80 Siyaram   [2] 137.35 136.45 137.35 140.45 135.00 21.66 269.90 94.00 28 136.80 TRF 73.00 72.75 73.00 73.00 71.55 2.05 142.00 45.40 ­  73.00 HDFCAMC  ­  HBANKETF 238.17 247.17 30.75 250.10 200.10 ­ 
PVR 1068.50 1105.45 1077.90 1122.00 1067.55 1385.55 2081.42 706.07 ­  1106.55 SJVN 21.90 22.30 21.90 22.45 21.85 566.19 27.30 17.15 6 22.30 Trib  Bhimji 37.00 38.35 38.00 40.50 36.85 526.57 46.00 16.50 ­  38.25 HDFCAmc­Nift   [100] 1229.00 1235.63 0.85 1304.42 843.70 1239.97
SKF  India 1476.20 1475.25 1489.75 1489.80 1465.05 26.75 2313.00 1237.50 38 1475.70 Trident   [1] 7.30 7.25 7.35 7.40 7.20 4596.52 8.57 3.05 ­  7.27 HDFCAmc­Sens 4299.90 4263.64 0.12 4966.00 2940.00 ­ 
Q................................................. SKIL  Infra 2.45 2.40 2.45 2.50 2.30 92.10 5.89 2.32 ­  2.44 Trigyn 48.80 48.30 49.70 49.80 47.00 29.78 63.00 18.65 24 48.45 IBULLSAMC  ­  IBMFNIFTY 120.99 119.97 0.03 141.00 68.09 ­ 
Quess  Corp 409.30 404.50 400.05 413.50 400.05 106.34 639.05 165.40 ­  404.35 Skipper   [1] 47.75 46.60 47.00 50.20 45.60 31.49 62.00 17.55 15 46.80 TRIL   [1] 8.95 8.85 9.10 9.10 8.75 24.50 14.97 4.93 ­  8.99 ICICIPRAMC  BHARATIWIN 24.70 24.91 207.97 36.80 20.70 ­ 
QuickHealTec 161.35 158.55 162.40 162.75 157.40 175.68 183.25 62.45 12 158.45 SKM  Egg 40.65 40.70 40.85 41.25 39.20 11.13 56.40 20.20 13 40.60 Triv.Eng   [1] 71.60 68.75 71.60 71.80 68.40 397.55 88.45 28.90 4 68.70 ICICIPRAMC  ­  ICICI500 156.55 156.15 2.91 179.00 88.02 ­ 
Smartlink   [2] 70.65 69.75 69.10 71.00 69.10 2.34 100.90 50.00 ­  69.30 Triv.Tur   [1] 69.90 70.05 70.25 70.65 66.00 45.61 115.00 45.90 20 69.85 ICICIPRAMC  ­  ICICIALPLV 123.07 121.90 0.56 140.00 99.90 ­ 
R ................................................. SML  Isuzu
SMS  Phr   [1]
373.15
83.00
369.65
81.60
372.50
83.20
384.80
83.95
365.00
81.05
26.33
68.45
664.00
101.80
280.00 ­  371.50
23.55 21 81.50
TT 39.25 38.25 40.00 41.00 37.25 4.49 49.00 25.20 ­  38.05 ICICIPRAMC ­ ICICIBANKP
ICICIPRAMC  ­  ICICILIQ
131.28
1000.00
136.58
999.99
28.13
10.57
188.00
1200.00
85.95
805.95
­ 
­ 
R  Sys  Intl   [1] 112.40 112.15 113.50 114.95 112.10 8.88 134.90 45.50 26 112.15 TTK  Prst 5704.70 5699.75 5710.05 5715.85 5624.50 1.46 6560.15 3918.05 48 5699.80
SMSLifeScien 586.45 554.25 586.45 592.00 545.00 7.46 712.40 152.65 ­  ­  TTKHealtcare 430.00 429.85 423.95 438.80 421.60 0.97 615.90 262.05 97 424.95 ICICIPRAMC  ­  ICICIM150 65.14 65.50 1.63 75.00 45.10 ­ 
Radico   [2] 437.00 421.85 433.00 443.05 418.50 331.29 471.75 220.00 25 423.45 SnowmanLogi 35.35 35.15 35.65 35.90 34.85 248.12 45.80 24.60 ­  35.10
RailVikasNgm 18.20 18.10 18.30 18.35 18.05 826.31 29.30 10.00 ­  ­  TTML 7.45 7.80 7.80 7.80 7.80 260.21 8.21 1.80 ­  8.21 ICICIPRAMC  ­  ICICINXT50 27.82 27.84 8.03 32.77 17.00 ­ 
Sobha 291.35 290.45 294.00 302.50 286.10 584.61 468.00 117.90 13 290.45 TubeInvIndia 654.85 658.15 662.00 674.00 644.20 121.96 681.95 254.00 ­  ­  ICICIPRAMC  ­  ICICITECH 210.94 209.11 6.32 256.98 158.95 ­ 
Rain  Ind   [2] 106.25 102.60 108.00 108.95 100.00 1098.47 128.90 44.90 ­  102.40 Solar  Ind   [2] 1009.85 1018.80 1002.00 1043.15 1002.00 20.51 1350.00 772.05 46 1016.00
Raj  TV   [5] 34.40 33.95 33.80 34.55 33.50 0.85 52.90 28.10 ­  33.25 TV  Today   [5] 201.75 199.45 202.00 202.00 197.95 7.10 330.40 128.35 12 199.35 ICICIPRAMC  ­  IPRU5008 238.35 247.39 30.15 374.20 164.32 ­ 
SolarActPhSc 1137.15 1080.00 1100.00 1144.00 1070.30 96.83 1255.00 364.35 ­  ­  TV  Vision 1.35 1.35 1.35 1.35 1.35 1.58 2.42 0.98 ­  1.41 ICICIPRNIFLWVL30ETF 45.49 45.41 87.04 54.10 30.70 ­ 
Raj.Exp   [1] 461.65 442.50 465.35 465.35 441.00 166.49 802.00 440.80 42 442.75 Som  Dist   [5] 24.45 23.05 23.10 24.25 22.50 118.60 61.98 22.50 ­  23.10
RajdharshInd 10.10 9.95 10.00 10.25 9.50 0.45 18.80 8.50 ­  ­  TV18  Br   [2] 28.75 27.95 29.05 29.25 27.85 2832.62 41.70 11.85 ­  28.00 ICICIPRNIFLWVL30ETF 64.85 65.31 2.30 73.60 37.60 ­ 
Somany   [2] 209.15 204.75 210.00 213.50 202.10 46.21 252.85 77.00 64 204.85 TVS  Elec 90.85 92.50 92.40 96.00 89.30 41.26 132.50 47.50 ­  92.55 ICICIPRUDENTIALNV20ETF 59.73 59.64 3.84 63.36 32.89 ­ 
RajratanGlbl 347.60 333.35 350.00 355.20 330.00 9.28 397.95 166.00 ­  ­  SomanyHomInn 75.15 74.95 75.95 76.60 74.45 351.42 197.80 53.55 ­  ­ 
Rajsr.Sug 13.20 12.60 12.65 13.30 12.60 1.64 24.80 7.61 ­  12.62 TVS  Mot   [1] 455.50 458.40 459.50 462.00 447.00 3838.43 503.00 240.10 67 458.65 ICICIPRUDNIFTY100ETF 126.63 126.59 1.68 150.00 90.10 ­ 
SomiConveyor 21.55 20.25 21.60 21.60 20.00 9.44 37.50 9.15 10 20.20 TVS  Sri 1416.25 1399.95 1423.35 1429.00 1390.00 2.74 1948.00 760.00 47 1402.30
Rallis   [1] 247.70 239.55 245.50 249.00 238.40 389.29 340.00 127.10 23 239.60 ICICIPRUDNIFTYETF 123.74 124.12 110.14 141.00 81.31 ­ 
Sonata   [1] 316.95 318.65 317.00 324.50 299.75 540.39 378.30 148.10 16 318.30
Rama  News 12.65 12.60 12.75 12.80 12.40 39.03 18.75 9.60 ­  12.70 ICICIPRUDSENSEXETF 426.75 428.73 0.53 515.00 290.00 ­ 
Ramco  Cem   [1] 796.95 802.45 798.00 805.00 790.80 432.65 883.30 456.50 36 801.95
SorilInfrRes
South  In  Bk   [1]
68.45
6.45
67.00
6.45
68.00
6.50
69.90
6.55
65.40 41.11
6.35 6342.43
150.35
11.82
36.90
4.85
­  67.20
­  6.44
U................................................. IDBI  Gold   [100] 4634.90 4617.35 0.04 5800.00 3450.01 4600.00
Ramco  Ind   [1] 189.15 186.30 189.95 191.00 185.00 32.21 213.80 104.00 24 186.65 SouthWestPin 40.80 42.65 42.50 42.75 40.15 31.13 42.75 9.50 ­  ­  UB   [1] 926.20 926.20 930.00 930.00 914.00 205.09 1355.90 758.75 165 925.55 IDFCAMC  ­  IDFNIFTYET 123.00 122.99 0.14 137.32 86.00 ­ 
Ramco  Sys 471.80 464.35 462.60 480.85 462.00 147.18 543.60 64.10 77 465.50 SpacenetEnt 1.25 1.30 1.30 1.30 1.30 0.10 1.30 0.65 ­  ­  Ucal  Fuel 111.70 112.90 115.90 116.00 112.00 17.88 154.70 63.00 ­  113.05 Infra  BeEs 322.76 319.63 0.28 1406.00 771.31 ­ 
Ramk.Forg 374.60 374.20 385.00 385.00 360.55 49.51 415.80 135.45 ­  373.75 SpandnaSphor 538.90 549.00 538.90 558.00 535.20 31.09 1397.00 405.00 ­  ­  Uco  Bk 11.60 11.75 12.75 12.75 11.65 1423.78 22.20 8.40 ­  11.81 InvesIndGold   [100] 4600.00 4621.90 0.02 5445.00 3411.00 4640.00
Ramky  Inf 28.80 29.20 28.15 29.50 28.15 26.32 51.00 15.45 ­  29.20 SPApparels 133.60 131.40 130.95 136.00 130.15 24.18 240.85 57.95 10 131.05 Uflex 333.95 324.70 336.90 338.00 323.00 82.12 376.80 119.95 14 324.45 InvesInNifty 1255.90 1254.50 0.03 1541.55 778.00 ­ 
Rane  (M) 197.55 196.35 195.50 199.85 195.05 2.18 374.00 130.00 ­  196.55 Spec.Rest 33.70 33.85 33.95 34.80 33.30 25.70 83.05 20.45 ­  33.95 UFO  Moviez 71.15 70.75 71.90 71.90 70.40 40.27 148.00 60.00 8 70.65 Kotak  Nifty   [5] 121.37 121.52 26.96 1739.95 1000.35 1581.05
Rane  Brk 645.10 653.00 650.00 673.90 650.00 33.51 783.60 294.00 21 651.95 SpencersRetl 74.25 72.75 74.90 74.90 72.45 144.32 111.25 53.75 ­  ­  Ugar  Sug   [1] 13.65 13.65 13.85 13.85 13.50 38.32 17.00 7.23 4 13.63 Kotak  PSU  Bk 123.92 127.52 13.00 270.00 106.39 127.54
Rane  Eng 191.90 190.55 194.90 194.95 188.10 1.23 363.00 119.25 ­  190.30 SPIC 17.45 17.05 17.60 17.75 17.00 68.24 25.90 9.50 8 17.05 Ujaas   [1] 3.70 3.70 3.75 4.05 3.65 2684.87 10.46 2.18 ­  3.68 KOTAKMAMCKOTKBKETF 240.80 251.27 140.90 365.70 167.00 ­ 
Rane  Hld 398.65 400.90 399.00 403.85 396.30 11.62 927.20 288.00 13 399.75 Spicejet 49.60 49.00 50.20 50.65 48.70 2084.44 120.40 30.65 ­  ­  UjivanFinSer 212.15 212.85 213.00 215.10 210.00 397.29 415.40 124.55 ­  212.45 KOTAKMAMC­KTNV20ETF 60.74 60.46 3.13 72.45 38.50 ­ 
Ratnamani   [2] 1265.45 1246.55 1276.30 1276.30 1227.65 7.78 1383.50 715.55 20 1245.15 SPL  Ind 28.80 28.80 29.90 29.90 28.50 5.46 44.90 19.05 3 28.85 UjjivanSFB 30.75 30.75 30.95 31.85 30.45 846.26 62.80 23.10 ­  ­  Kotal  Gold 447.00 447.20 17.37 507.00 321.00 446.61
RattanIndInf  [2] 6.80 6.80 7.10 7.10 6.70 276.52 11.47 1.24 ­  6.78 SPML  Infra   [2] 8.10 8.10 7.80 8.15 7.80 2.56 15.40 4.90 ­  ­  UltraTech 4574.05 4550.80 4551.00 4589.55 4520.00 489.15 4753.35 2913.15 23 4551.30 LICNAMC  ­CNFENGP 120.02 123.00 0.18 150.00 79.90 119.11
RattanIndPow 2.00 2.00 2.00 2.05 1.95 1513.46 4.48 1.08 ­  1.99 Sr.Leathrs 136.45 133.00 135.90 135.90 132.40 1.23 189.25 87.10 16 133.55 UmangDair   [5] 43.60 42.60 44.70 44.70 42.00 9.72 60.45 27.40 18 42.35 LICNAMC  ­CNFESGP 422.93 423.86 0.79 588.00 305.02 ­ 
Ravi  K  Dis 6.30 6.30 6.20 6.35 6.00 23.02 9.33 4.19 ­  6.16 Sr.Ray.HHP 172.35 171.80 172.05 175.00 169.00 5.66 205.85 65.05 7 171.70 Unichm  Lab   [2] 251.30 247.10 255.40 257.65 245.25 242.16 304.20 75.10 ­  247.40 LICNAMC  ­CNFNHGP 118.00 120.90 0.03 164.95 77.00 ­ 
Raymond 272.40 270.60 274.50 277.00 270.00 216.97 838.00 209.50 ­  271.10 SREI  Infr 6.40 6.35 6.55 6.55 6.30 235.27 11.51 3.50 ­  6.37 Union  Bk 24.05 23.95 24.10 24.65 23.80 4090.62 65.70 22.60 ­  23.95 LICNAMC  ­CNMFET 21.62 21.69 2.91 25.50 17.60 ­ 
RBL  Bank 174.35 179.70 175.50 183.40 174.0519311.58 391.05 101.60 20 179.60 SRF 4416.80 4402.65 4416.80 4460.00 4348.75 143.89 4555.25 2492.20 28 4400.70 Uniph.Ent   [2] 59.65 61.30 60.70 62.85 60.30 0.49 77.00 31.20 21 61.90 Liquid  BeEs   [1000] 1000.00 1000.00 700.64 1009.90 997.55 1000.00
RCF 42.35 42.55 42.60 42.95 42.20 542.73 59.80 22.05 8 42.55 Sri  Adh  Br 1.35 1.35 1.40 1.40 1.30 4.26 1.95 0.95 ­  1.34 United  Nil 311.00 315.10 307.05 333.25 307.05 0.78 390.00 165.00 ­  ­  MIRAEAMC  ­  MAN50ETF 118.30 119.50 53.80 130.00 75.10 ­ 
RECL 102.85 104.30 103.50 104.85 102.20 5980.72 157.25 79.00 4 104.30 SrikalahPipe 122.25 118.65 124.00 125.00 118.00 180.23 234.20 90.35 4 119.00 United  Spr   [2] 504.30 503.95 508.00 508.35 500.10 1350.15 742.95 443.00 100 504.05 MIRAEAMC  ­  MANXT50 272.71 272.00 0.18 339.00 151.00 ­ 
Redington   [2] 129.55 121.95 127.50 129.00 121.00 674.07 139.85 60.00 10 121.80 Star  Pap 88.45 88.15 89.00 89.40 87.60 19.03 144.10 60.00 6 88.60 UnitedDrilng 250.15 246.10 259.00 259.00 241.40 8.41 294.45 234.25 ­  ­  Most­Gold 17.82 17.76 23.16 19.65 12.30 17.74
Refex  Ref 46.60 46.40 47.45 47.45 45.70 43.80 77.75 28.48 3 46.30 StarCement   [1] 82.85 82.75 83.10 83.60 82.20 119.37 105.50 56.00 17 82.80 Univ.Cab 131.50 130.95 132.00 132.70 130.25 3.31 200.10 68.00 11 131.25 MostM50   [7] 114.36 115.17 0.56 124.70 78.00 115.23
Rel  Cap 9.05 8.85 9.60 9.65 8.75 1191.85 27.00 3.70 ­  8.83 STC  India 52.00 52.35 52.05 53.60 51.60 13.54 73.00 28.25 ­  52.40 UnivastIndia 30.75 31.60 30.80 31.75 30.75 0.31 47.75 26.05 ­  ­  MostM50 823.46 817.34 65.64 909.19 500.00 816.81
Rel.Ind.Inf 367.50 358.80 368.90 368.90 357.00 82.92 479.70 163.95 72 358.45 Steel  Strp 473.80 479.90 475.45 486.95 469.35 30.67 787.50 317.35 ­  480.20 UPL   [2] 453.25 445.35 465.00 465.00 431.6510356.78 617.55 240.30 121 444.90 NI I ETF NIFTY MIDCAP 150 65.09 65.34 18.84 79.30 40.05 ­ 
Rel.Infra 20.25 19.85 20.20 20.50 19.60 1275.70 49.40 8.65 1 19.80 SteelCitySec 29.85 30.05 30.00 31.85 29.25 51.58 43.10 14.75 ­  ­  UrjaGlobal   [1] 3.05 3.05 3.15 3.15 3.00 1485.38 5.14 0.93 ­  3.03 NiftyBeEs   [1] 124.57 124.37 2026.55 132.80 82.50 124.42
Relaxo   [1] 660.40 664.35 668.00 669.50 655.00 213.93 830.15 493.05 80 664.80 SteelExIndia 33.80 32.50 33.20 34.00 31.95 40.47 42.50 10.60 ­  ­  Usha  M  Ed   [1] 1.35 1.35 1.40 1.40 1.35 6.06 1.70 0.80 ­  1.08
NiftyJrBeEs   [1] 284.66 285.67 156.53 304.00 190.00 285.41
RelHomeFin 1.95 1.90 1.90 1.95 1.90 516.90 6.50 0.85 ­  ­  Stel  Hld   [1] 53.15 53.90 53.95 55.40 52.75 3.09 NA NA ­  ­  Usha  Mar   [1] 21.35 20.35 21.75 21.75 19.75 505.35 34.55 10.50 19 20.35
NIIndETFLong 22.28 22.30 41.96 25.50 17.00 ­ 
Reliance 2054.50 1877.45 2027.00 2027.00 1859.1545857.81 2368.80 867.44 45 1877.30 Ster.Tool   [2] 172.30 172.95 174.95 176.85 168.20 3.11 256.05 105.30 45 170.50 UTIAMC 499.15 494.85 498.00 500.00 491.50 109.05 529.95 471.10 ­  ­ 
Religare 53.00 51.70 52.25 52.90 51.00 292.74 60.60 17.20 ­  51.55 Utm.G.Stl 6.40 6.45 6.50 6.70 6.10 122.30 10.93 3.62 ­  6.51 NIPETFDivOpp 27.30 27.65 1.25 34.00 17.12 ­ 
Sterlg&Wilsn 216.85 216.85 216.85 219.00 213.40 62.95 575.00 69.70 ­  ­  NIPP INDIA ETF NIFTY 100 118.50 118.40 0.13 135.00 70.90 ­ 
RelNavalEngg 2.25 2.35 2.30 2.35 2.20 2549.60 4.25 0.95 ­  ­  STERLITE  TECH 147.35 144.75 146.25 148.05 143.00 540.95 174.70 58.65 ­  ­  Utm.Sug 83.15 81.20 82.00 84.75 81.00 27.30 130.00 39.30 4 81.35
Remsons 83.90 81.50 84.85 89.45 79.45 0.88 119.00 43.20 21 82.00 Uttam Value  [1] 0.25 0.30 0.30 0.30 0.2555171.95 0.69 0.19 ­  0.36 NippoIndETF 53.50 53.50 0.66 63.00 42.50 ­ 
Str.Arcolab 690.30 684.85 688.05 704.00 679.90 588.96 764.60 271.00 106 684.45 NIPPON  INDIA  ETF  NV20 61.92 61.73 2.68 598.00 41.00 ­ 
RenaisncGlob 223.20 220.75 225.05 229.50 220.05 2.05 408.00 184.05 ­  ­  Subros   [2] 280.10 280.45 287.90 287.90 277.00 106.93 299.50 117.45 79 280.45
Repco  Home 192.10 196.10 192.10 196.90 190.60 220.60 365.50 90.75 4 195.90 Sud.Chem   [2] 439.55 435.35 445.00 445.00 433.00 101.59 538.00 286.25 26 434.95 V ................................................. PSU  Bk  BeEs   [1]
Qgold   [100]
13.90
2203.90
14.26
2214.90
150.01
0.48
30.16
2500.00
11.67
1621.30
14.20
2213.33
Repro 352.50 355.05 352.50 379.95 351.00 7.54 740.00 260.15 ­  355.50 Sumeet 2.15 2.25 2.05 2.25 2.05 45.74 2.92 1.26 ­  2.14 V  Mart 1931.75 1940.55 1920.00 1968.95 1914.15 18.49 2545.00 1293.70 ­  1937.95
Resp.Ind   [1] 145.00 151.80 146.90 155.00 142.00 375.36 154.80 67.90 ­  152.25 Qnifty 1196.00 1196.00 0.02 1406.00 771.31 ­ 
Sumit.Sec 397.00 393.45 391.15 402.05 386.00 0.21 498.75 203.00 15 397.95 V2  Retail 46.00 45.80 46.85 46.85 44.50 76.48 127.00 31.50 ­  46.00 RELCAPAMC  NETFIT 21.16 20.94 294.58 26.20 14.00 ­ 
Revathi 427.05 417.90 412.00 428.05 412.00 0.95 554.50 250.00 9 415.85 SumitomoChem 267.20 268.65 269.75 272.50 267.25 264.95 317.00 151.05 ­  ­  VA  T  Wab   [2] 182.55 180.45 183.50 186.00 174.80 332.78 236.45 73.00 26 180.30
Rico  Auto   [1] 28.95 29.20 29.90 30.40 28.90 421.14 54.00 15.95 ­  29.15 SBIAMC  ­  SBIETFIT 213.00 209.25 2.25 250.00 201.20 ­ 
SumitWoods 8.55 8.15 8.55 8.55 8.00 2.57 23.90 8.00 ­  ­  Vadilal 779.25 783.45 786.95 797.90 780.00 4.58 898.95 394.05 ­  784.20 SBIAMC  ­  SBIETFPB 132.50 136.88 0.68 149.00 130.60 ­ 
RITES 239.45 238.25 239.05 240.10 238.00 77.75 331.00 191.00 11 238.15 Sun  Pharma   [1] 465.75 469.40 467.90 471.00 459.05 7737.91 564.90 315.20 38 469.20 Vaibhav 1954.50 1899.45 1950.00 1999.90 1895.20 22.19 2029.10 490.00 50 1897.40
Rolta 4.55 4.45 4.55 4.55 4.40 115.90 7.72 1.80 ­  4.46 SBIAMC  ­  SBIETFQLTY 107.33 106.50 1.91 115.00 73.20 ­ 
Sun Phr Adv  [1] 163.95 161.05 165.00 165.10 160.20 170.25 210.70 81.00 ­  160.90 VaishaliPhar 33.70 32.35 34.40 34.40 32.00 13.14 57.75 32.00 ­  ­ 
RosariBiotec 795.30 785.50 794.00 795.90 781.20 77.60 859.00 664.00 ­  ­  SBIAMC  ­  SETF10GILT 201.50 203.40 0.01 240.42 154.27 ­ 
Sun  TV   [5] 422.00 423.30 422.00 429.70 417.85 1582.27 550.95 259.80 13 423.35 Vakrang   [1] 28.25 27.00 27.60 27.60 26.10 2067.91 55.50 17.10 ­  26.95
Rossell   [2] 125.90 129.20 125.85 132.15 125.80 14.00 178.10 34.90 23 130.00 Sund.Brak 219.40 220.05 227.90 227.95 219.50 0.79 360.50 124.00 ­  220.05 ValiantOrgan 3320.20 3245.90 3330.00 3330.00 3230.00 5.01 3877.00 2875.05 ­  ­  SBI­ETF  Gold 4536.80 4567.00 9.50 5135.75 3380.00 ­ 
RouteMobile 997.20 1096.90 990.90 1096.90 982.35 2019.43 1096.90 625.00 ­  ­  Sund.Clay   [5] 1681.75 1700.25 1684.90 1717.00 1645.40 3.64 2334.75 970.50 98 1706.15 Vard  Text 765.00 765.90 768.85 772.00 753.45 14.10 1104.95 592.90 14 770.00 SBI­ETF  NIFTY  50 120.79 121.59 164.84 136.30 79.00 ­ 
RPG  Life   [8] 350.90 349.05 362.50 368.45 342.65 41.96 429.35 146.00 16 348.05 Sund.Fast   [1] 426.95 425.25 427.95 431.85 418.85 47.21 533.00 249.00 44 424.70 Vard.Acry 30.45 30.95 30.15 31.25 30.15 23.33 281.17 95.65 ­  151.95 SBI­ETF  NIFTY  BANK 238.61 248.13 97.60 373.20 169.00 ­ 
RPower 3.50 3.25 3.50 3.55 3.2015216.20 5.23 1.00 ­  3.27 Sund.Fin 1447.65 1466.40 1470.00 1489.95 1445.00 24.62 1780.90 1019.75 22 1458.45 Vard.Hld 1234.40 1227.55 1233.00 1280.00 1219.50 0.14 1599.00 710.05 11 1221.00 SBI­ETFNN50 283.00 284.30 7.94 328.10 190.00 ­ 
RPP  Infra 48.85 46.85 49.40 49.65 46.00 26.15 99.55 27.25 5 46.45 Sund.Multi   [1] 1.20 1.15 1.20 1.20 1.15 121.30 2.04 1.02 ­  1.19 Vard.SPC 71.80 71.10 74.90 74.90 69.15 21.64 87.90 34.15 ­  71.85 Sharia  BeEs 302.11 310.90 0.18 340.81 186.90 306.95
RS  Soft   [5] 20.65 20.20 20.55 20.85 20.15 4.34 27.40 9.60 ­  20.15 SundarFinHol 53.95 53.40 54.80 54.90 53.00 20.13 81.55 35.05 ­  ­  VarrocEngg 287.35 284.50 289.25 291.90 282.15 43.92 524.00 120.00 ­  ­  TATAAML  ­  NETF 134.90 139.27 0.83 146.70 77.81 ­ 
Ruby  Mills   [5] 157.35 151.05 156.05 156.05 150.00 2.36 242.00 112.25 10 154.85 Sunflag 43.95 42.90 43.40 44.25 42.60 141.63 50.90 21.15 11 42.85 VarunBevera 654.90 670.20 666.00 684.65 654.90 238.66 869.95 485.05 72 672.75 TATAAML  ­  NPBET 131.01 139.00 0.49 190.00 88.11 ­ 
Ruch.Paper 46.90 46.65 49.00 49.90 46.50 13.82 91.00 26.75 8 46.50 Sunteck   [1] 267.85 268.20 267.50 272.50 264.10 203.92 457.70 145.00 50 267.30 Vascon 8.45 8.45 8.50 8.60 8.30 32.59 18.87 6.02 ­  8.47 UTI  Gold   [100] 4565.85 4596.65 1.15 5600.00 3333.82 4593.62
Rupa    [1] 187.25 188.05 188.20 194.65 185.15 5.50 251.00 101.90 16 188.45 Super  Spn   [1] 3.40 3.35 3.40 3.45 3.30 2.51 5.55 2.03 ­  3.38 Vaswani 4.35 4.40 4.50 4.50 4.15 1.12 8.07 2.50 4 4.60 UTIAMC  ­  UTIBANKETF 238.66 249.59 0.47 285.00 202.50 ­ 
Rush.Decor 89.80 91.55 92.20 95.35 90.50 60.07 140.56 57.55 12 91.55 Superhouse 84.85 83.20 85.50 85.50 83.00 4.53 114.90 52.55 5 83.05 VEDANTA   [1] 95.75 94.70 95.75 96.30 94.0013078.62 166.05 60.30 4 94.70 UTIAMC  ­  UTINEXT50 280.85 283.65 0.39 314.00 202.10 ­ 
Supr.Ind   [2] 1446.70 1450.75 1470.00 1470.00 1446.00 22.55 1499.80 791.15 38 1451.15 Venky's 1471.30 1444.70 1462.00 1478.70 1440.00 43.80 1943.00 580.00 ­  1444.45 UTIAMC  ­  UTINIFT 1245.29 1248.31 0.32 1480.00 840.00 ­ 
S ................................................. Supr.Petro 258.00 255.75 259.30 261.20 241.00 24.69 284.00 113.10 24 255.85 VertozAdvtsg 174.70 170.15 178.40 178.95 167.50 75.19 178.95 67.15 ­  ­  UTIAMC  ­  UTISENS 422.06 422.06 0.95 452.00 301.00 ­ 
S  H  Kelkar 85.25 83.70 85.60 86.55 83.15 174.67 129.85 47.60 48 83.65 Suprajit   [1] 178.70 175.90 180.20 183.00 175.20 63.21 220.00 100.00 24 175.65 Vesuvius 888.75 890.30 895.05 899.00 881.10 1.73 1226.55 746.65 26 884.00 UTIAMC  ­  UTISXN50 296.75 300.00 0.01 390.40 190.67 ­ 
S&S  Power 9.35 9.00 9.00 9.00 9.00 0.10 15.95 9.00 ­  ­  Surana Solar  [5] 6.70 6.90 6.75 6.90 6.75 5.11 12.25 5.07 ­  6.91 Veto  Switch 41.85 42.30 41.50 43.30 41.40 5.51 56.00 25.75 7 41.70
Sadbhav   [1] 47.90 47.05 48.15 48.35 47.00 130.37 142.00 23.40 ­  47.05 Surana  Tel   [1] 3.85 3.75 3.70 3.85 3.70 8.94 5.35 1.95 ­  ­  V­Guard   [1] 169.75 168.40 172.45 172.45 167.50 194.92 259.70 149.00 56 168.40 *:  Closing  price  is  the  average  of  trade  price(s)  for  the  last  half  an  hour;52­Week  High/Low  figures
SadbhavInf 16.20 16.00 16.60 16.60 15.80 80.69 47.00 10.90 ­  16.10 Surya  Rosh 222.40 216.45 223.55 226.10 215.00 82.43 236.35 61.70 11 217.20 VidhiSpclIng  [1] 129.50 128.85 130.20 130.90 127.25 45.12 152.75 38.75 19 128.65 pertain  to  BSE.
SafariIndia 412.30 424.90 410.70 434.00 408.50 21.49 698.00 289.60 ­  ­  Suryalaxmi 16.40 16.40 17.00 17.00 16.40 0.21 27.10 12.75 ­  16.20 Viji  Finance   [1] 0.55 0.50 0.50 0.55 0.50 215.88 0.79 0.19 ­  0.47 Shares  of  face  value  other  than  ₹10  is  indicated  in  brackets  immediately  following  the  name  of  the
Sagar  Cem 733.15 731.85 735.00 746.85 725.00 24.90 828.95 246.00 21 730.40 Sutlej  Te   [1] 27.10 27.45 27.55 27.55 27.05 23.79 38.90 15.40 ­  27.25 VikasMultCor 7.35 7.35 7.60 7.70 7.25 3919.69 21.40 0.90 ­  ­  company.
SAIL 34.35 34.15 34.50 34.70 34.0012294.90 51.85 20.15 12 34.05 SuumayaLife 96.35 101.00 101.15 101.15 98.05 241.08 101.15 62.25 ­  ­  VikasPro&Gnt 2.40 2.30 2.45 2.45 2.30 1783.62 11.30 2.25 ­  ­  Qty  (No  of  shares  traded)  is  denoted  in  thousands.
SakarHealth 89.50 86.20 90.00 91.50 84.05 24.94 96.00 45.70 ­  ­  Suven  Lif   [1] 46.30 44.50 46.00 46.45 43.95 368.71 67.40 12.76 ­  44.55 VikasWSP 3.80 3.85 3.85 3.90 3.75 189.56 7.30 3.70 ­  ­ 
Saksoft 348.80 342.90 359.70 359.70 340.30 25.30 447.00 105.50 14 343.25 SuvenPharma 314.10 300.35 310.95 317.90 297.95 765.90 825.00 175.20 ­  ­  Vinati  Org   [1] 1209.65 1176.25 1192.00 1217.40 1173.50 50.74 1417.95 651.00 37 1178.05 The  PE(price­earnings  multiple)  of  each  stock  is  based  on  the  latest  declared  earnings.
Sakth.Sug 7.60 7.70 7.80 7.85 7.40 35.96 13.57 5.00 ­  7.65 Suzlon   [2] 3.65 3.50 3.50 3.50 3.50 2169.79 6.19 1.65 ­  3.52 Vindh.Tel 717.40 703.30 738.95 738.95 701.00 3.29 1012.00 380.00 7 706.05 The  PE  computation  takes  into  account  the  per  share  earnings  of  each  company  for  the  latest  12
Sakuma   [1] 5.30 5.15 5.30 5.30 5.00 167.47 9.72 3.00 ­  5.14 Swan  Ener   [1] 144.30 140.10 144.90 145.70 138.15 166.22 158.30 97.00 ­  140.05 Vinyl  Chm   [1] 104.75 106.50 104.75 111.35 102.45 226.61 119.80 36.95 25 106.10 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

A.K.Capital 242.35 235.80 Bihar Sponge 1.20 1.22 Duroply 52.00 49.40 Hhof1140rg 7.66 7.69 Kanchi 390.60 394.75 Mescon 4.59 4.56 Phoenix Int. 11.55 12.11 Saninfra 74.50 73.05 Swsolar [1] 217.40 217.25 Virat Crane 19.80 20.50 Winsome Brew 4.04 3.96 Boroltd [1] 141.90 142.25
A.Sarabhai 17.55 17.50 Bilcare Ltd. 41.60 41.50 Dynamic Ind. 41.35 38.75 High Energy 365.00 360.00 Kanpur Plast 112.25 110.15 Metroglobl 43.25 43.10 Phytochem I. 25.15 23.90 Sankhya Info 2.67 2.55 Sxetf 4249.05 4250.00 Virinchi 33.00 32.10 Wintac Ltd 244.90 240.00 Chemtech Ind 12.50 13.12
Aail [5] 14.70 14.21 Binny Ltd. [5] 105.90 103.85 Dynavision 46.80 45.90 Him.Fibres [1] 1.27 1.21 Kavitind 142.05 142.15 Mfl India [1] 0.17 0.17 Piccadily Ag 9.10 9.43 Sappl 157.60 160.00 Synco Form. [1] 1.47 1.41 Visagar Fin [2] 0.39 0.38 Wpil Ltd. 462.90 459.70 Darshanorna 24.15 24.60
Aarey Drugs 25.05 22.85 Binny Mills 39.65 38.90 Eastern Tred 35.00 35.00 Himtek [2] 50.00 50.00 Kcp Sugar In [1] 14.89 14.79 Midinfra [1] 0.68 0.65 Piccadily Su 3.97 4.03 Sat Ind Ltd [2] 17.10 17.50 Syschem (I) 5.90 5.93 Vishal [5] 208.45 198.05 Xtglobal [1] 25.45 24.70 Gstl 68.30 68.95
Aarnav 49.50 50.00 Biogrpaper 1.65 1.65 Eastwest 64.65 63.65 Hind Alumin 39.00 37.65 Kdll 21.85 20.80 Milkfood 370.55 365.00 Pion Invest 29.95 29.00 Satia [1] 102.20 100.80 T & I Global 93.00 92.00 Vishwaraj 117.00 117.15 Yash Manage. 12.03 11.50 Hemiprop 74.15 70.45
Aayush 30.85 29.35 Biopac India 2.81 2.82 Ecoreco 39.40 38.50 Hind Mills 178.50 177.95 Keerthi 50.00 50.55 Mishtann [1] 6.66 6.61 Pix Trans 142.95 144.25 Sauras.Cem. 45.55 43.90 T C M Ltd. 56.95 56.95 Visioncine [1] 0.40 0.38 Yashchem 51.55 51.35 Hind.Fluroca 5.32 5.58
Abansent 201.25 200.00 Birla Pretec [2] 5.28 5.20 Elantas 2184.00 2210.10 Hind.Everest 93.35 98.00 Keltech En. 495.25 503.90 Mitshi 22.95 22.10 Pmcfin [1] 0.37 0.37 Saven Techn[1] 34.40 36.10 Taalent 255.25 247.75 Vista Pharma[2] 8.37 8.33 Yasho 150.00 152.00 Kushal [2] 3.22 3.10
Abc India 48.30 48.50 Birlatyres 19.50 19.15 Eldeco Hous. 986.90 954.00 Hind.Foods 878.50 864.15 Kemistar 44.00 44.10 Mitsu 115.80 118.50 Pml 1194.90 1102.00 Sbicard 799.40 807.00 Tahl 24.00 23.90 Vistaramar 31.60 30.05 Yashpakka 57.60 57.55 Mah.Ras.Apex 82.70 81.85
AbmKnowled[5] 103.50 103.85 Bl.Chip Tex 85.40 89.85 Elixir 22.80 22.90 Hind.Tin Wrk 41.95 40.65 Kennametal 729.75 724.45 Mkexim 19.70 19.75 Poel 18.95 18.65 Sbisensex 427.58 427.11 Tamboli Cap 35.75 35.00 Vivanta 4.86 5.10 Yuken India 451.25 450.50 Modi Rubber 30.15 31.65
Abslbanetf 236.24 240.92 Bla Ros Ind [1] 120.30 119.20 Elpro Inter [1] 38.50 39.75 Hindu.Adhesi 102.95 95.00 Kerala Ayur 48.50 48.20 Mnil 23.25 23.05 Polson Ltd. [50] 7548.75 7646.70 Scanp Geom [2] 19.70 20.10 Taneja Aero. [5] 27.85 25.60 Vivid Ind [5] 16.00 16.35 Yuvraajhpl [1] 0.63 0.60 Moneyboxx 53.00 50.60
Abslnn50et 280.00 275.00 Bnaltd 160.25 161.80 Emerald 11.30 11.77 Hindustn Bio 2.01 2.11 Kesar Petro [1] 4.03 4.05 Modern Dairi 3.94 3.99 Polycab 920.10 909.85 Scanstl 18.70 18.70 Tarai Foods 5.14 4.90 Vivo Bio Tec 41.70 40.10 Zeal 58.30 63.70 Msl 62.00 62.00
Acemen 23.25 23.40 Bnk Capital 70.00 67.30 Eml 0.40 0.40 Hleglas 1381.90 1368.45 Kg Denim 20.45 19.95 ModernIndia [2] 41.80 39.75 Polylink Pol [5] 12.83 12.80 Sctl 0.77 0.79 Tata Yodogaw 28.00 28.55 Vms Industr 6.86 7.00 Zenith Healt [1] 4.71 4.79 Nibe 13.02 13.17
Acrycil Ltd. [2] 127.50 140.25 Bodhtree 44.95 43.75 Empire Ind. 585.80 580.30 Huil 760.00 798.00 Khaitan Che [1] 23.80 22.95 Modinatural 53.40 52.95 Polymech.Mch 26.50 25.00 Seacoast 92.20 94.00 Tcfc Finance 18.75 18.45 Voith Paper 990.00 1009.65 Zenlabs 25.60 26.00 Niraj Cement 46.25 45.75
Adinath Exim 5.85 5.84 Bomoxy­B1 [100] 10001.00 9911.50 Enkei Wheel [5] 237.45 237.45 Icici500 156.10 155.46 Khod.India 63.95 65.00 Modipon 38.50 38.05 Polyspin [5] 36.40 33.05 Setfsn50 307.00 303.00 Tcnsbrands [2] 370.95 380.95 Vrl 60.70 63.65 Zenotech 34.30 32.60 Obi Ltd 7.99 7.60
Ador Fontec [2] 30.85 31.25 Bplpharma 369.30 358.65 Equitasbnk 0.00 32.75 Icicialplv 123.24 121.50 Kic Metaliks [2] 23.00 24.75 Modison Met[1] 33.95 34.50 Pooja Ent 64.90 66.15 Seyaind 68.25 64.20 Tcpl Pack 371.00 358.65 Wall St.Fin. 13.57 12.91 Zf Steering 302.70 301.55 Oceanic 39.00 38.90
Afel 8.17 8.33 Brawn Bio 20.00 21.00 Esaar (I)Ltd 1.89 1.92 Icicibankn 238.55 247.24 Kilpest (I) 381.85 373.60 Modulex 8.17 8.53 Poona Dal 30.70 31.00 Sh.Steel Wir 17.05 17.05 Tdsl 23.00 23.40 Wallfort Fin 20.00 21.00 Zimlab 97.85 93.95 Pun.Communi. 27.00 27.15
Agiil 52.00 53.05 Bslsenetfg 429.00 424.45 Everest Org. 267.20 256.05 Icicibankp 131.22 136.99 Kimiabl [1] 32.55 33.95 Mohite 7.18 7.15 Powerindia [2] 962.60 938.20 Sha Eng Pla 619.70 623.55 Technoe [2] 192.70 197.70 Warren Tea 40.30 40.35 Zodiac Ven [1] 7.41 7.77 Rci Ind 9.13 9.07
Aimco Pesti. 100.75 98.40 Calcom Visio 21.10 21.95 Facor Alloys [1] 1.22 1.26 Icicimcap 65.00 65.45 Kinetic Eng. 20.85 20.00 Monarch 24.50 25.00 Ppl 73.80 72.25 Shahlon 58.25 58.55 Tejasnet 89.80 91.00 Waterbase 99.35 99.35 Group T Rpel 147.65 155.00
Ajanta Soya 37.75 37.70 Camex Ltd 15.50 14.45 Faze Three L 63.20 60.05 Icicinv20 60.00 59.54 Kingsinfra 27.40 27.70 Morarka Fin. 30.30 30.75 Praveg 47.30 46.40 Shalimar Wir[2] 3.41 3.60 Terai Tea Co 33.00 32.30 Welcon [1] 6.53 6.35 Scapdvr [1] 1.60 1.52
Ajil 45.85 45.80 Cams 1297.95 1298.45 Faze3auto 53.85 56.50 Icicinxt50 [1] 27.89 27.66 Kirl.Ferrous [5] 93.30 95.35 Morgan Cru [5] 840.00 839.80 Premco Glob. 118.00 123.90 Shangar [5] 20.65 20.25 Tgvsl 22.50 22.20 Welsplsol [6] 9.28 9.16 Aanchalisp 4.10 4.29 Scooters Ind 29.85 28.50
Alexander 14.73 14.09 Caprihans 60.70 58.45 Fermenta [5] 313.80 297.25 Icicisensx 428.22 430.19 Kirlosar Pn [2] 113.95 113.00 Moschip [2] 11.26 10.94 Prima Agro L 18.45 17.55 Shashijit 28.40 28.70 Thinkink [5] 23.60 23.80 Wepsoln 18.00 17.35 Aartisurf 555.00 572.50 Skc 4.69 4.76
Alka India [1] 0.19 0.19 Captain Poly [2] 30.85 30.85 Ferventsyn 8.99 8.80 Icicitech 210.94 209.94 Kirloskar El 10.63 10.59 Mpl 3.05 3.20 Prima Plasti 46.00 45.40 Shbajrg 58.35 57.00 Tiger Logs 33.60 33.30 Westlife Dev [2] 377.45 370.70 Adl 18.10 17.95 Tejnaksh 31.50 33.05
Alu Fluoride 201.95 201.65 Ccl Inter 16.41 16.40 Fiberwb In 28.75 28.50 Iiflsec [2] 39.10 38.80 Kisan Mould. 9.70 9.37 Msr India [5] 13.03 12.38 Princepipe 229.95 223.65 Shervani Ind 267.00 247.25 Tiindia [1] 654.35 661.25 Whiteorg 4.96 5.01 Anubhav 3.33 3.49 Vcu Data 3.64 3.82
Amal Product 174.45 172.80 Ceejay Finan 134.00 131.35 Filat Fash [5] 2.11 2.10 Iiflwam [2] 916.05 909.00 Kkalpanaind [2] 18.65 18.50 Mstc 147.35 144.90 Prism Medi 21.75 21.40 Shil [2] 74.75 74.35 Tilak [1] 2.96 3.00 Wim Plast Lt 348.60 344.60 Asyl 8.56 8.14 Xelpmoc 268.40 281.80
Amco India L 23.05 24.20 Cenlub Indus 35.30 31.55 Fivextrade 0.42 0.44 Imcap 42.00 44.00 Kmc Shil [1] 19.30 19.95 Mukta 1.90 1.90 Prismx 14.40 14.50 Shilchar Tec 189.20 188.40 Timex Group [1] 21.50 21.55 Wimsome Text 14.78 14.54 Bh.Immun&Bio 24.80 25.25
Amfl 1.38 1.32 Cg­Vak Softw 74.95 72.85 Flex Foods 60.55 58.85 Ind.Acrylics 7.97 7.88 Kotaknifty 121.44 121.46 Mul 11.87 11.75 Pritikauto 97.00 95.00 Shiv.Bimetal [2] 53.90 53.00 Tirupati Sta 37.00 37.80
Amines&Plast [2] 56.30 54.95 Chamanl Se [2] 91.15 89.85 Fluidomat 73.40 71.05 Ind.Bank Hsg 21.50 23.15 Kothari Ferm 52.15 51.00 Multibase I 137.00 137.05 Pro Fin Cap. 21.05 20.00 ShivaCement[2] 13.72 13.61 Titan Biotec 127.05 133.40
Chandni Te 53.85 52.95 Fluorochem [1] 479.20 467.30 Ind.Toners 109.85 110.20 Kpittech 93.90 90.85 Mys Petro 51.85 49.80 Ptcil 830.90 834.80 Shiva Fert. 42.75 42.45 Titan Secur. 8.90 9.27
Amintan [1]
Andhra Petro
0.86
36.85
0.86
36.40 Chandra Prab 24.60 25.80 Foods & Inns [1] 46.40 46.15 IndaRubber [2] 71.20 71.15 Krishna Ven 10.63 11.00 Mysticele 2.00 2.00 Pun.Alkali 47.05 46.80 Shivalik [5] 433.55 424.50 Tokyo Financ 9.80 10.05 NSE Trade for Trade
Andrew Yule [2] 12.49 12.45 Charterlogis [1] 3.18 3.06 Forbes & Co 1510.65 1479.45 India Gelat. 95.50 94.65 Kriti Nutri [1] 33.00 33.55 N.G.Ind.Ltd. 46.20 45.95 Pvvinfra 8.93 9.09 Shree Global [1] 1.34 1.28 Toyamind [1] 3.10 2.98
Angelbrkg 352.45 317.85 Chdchem 55.65 54.55 Force Motr 1028.45 1022.95 India Home 40.45 40.50 Krrail 11.65 11.42 N.R.Agarwal 181.50 179.85 Quadrant [1] 0.19 0.19 Shreeganes 116.00 124.90 Transchem 12.59 11.74 C m P C C C m P C C C m P C C
Anjanifoods 45.45 45.10 Chemb Chm [5] 152.00 153.00 Fortis Mlr 48.20 48.05 India Niveh [1] 23.10 23.70 Krypton Ind 7.97 8.07 Nagar.Agrite 2.95 2.95 Raclgear 108.20 110.35 Shreyas Inte 5.95 6.06 Transcorp In [2] 9.07 8.65
Ansal Build. 28.05 28.00 Chemcon 411.65 425.40 Fredun 270.85 270.25 Indiamart 4848.25 4715.75 Kuantum [1] 39.90 39.95 Narayani 24.75 25.80 Radhe Devlop 9.19 9.05 ShrJagdamb [1] 307.40 300.70 Transgene Bi 3.99 3.99
Anuh Pharm [5] 165.05 163.80 Cheviot Co. 702.45 685.50 Freshtrop Fr 57.95 57.50 Indian Info. [1] 0.16 0.17 Kz Leas Fin. 9.03 8.95 Narbada 21.00 21.00 Radhey 23.10 22.05 Shriram Asse 49.75 47.35 Transgl.Food 284.65 279.00 C G
Anup 597.95 566.05 Choice Int. 116.05 119.25 Frontier Spr 303.15 301.70 Indian Sucro 22.10 22.50 Lahoti Over. [2] 10.50 9.99 Narmada Gel 165.65 167.50 Radiocity [2] 21.45 22.35 Sika Inter. 218.30 222.55 Transpek 1739.00 1729.70 KM G M
Anupam 7.75 7.50 Choksi Labor 9.98 10.90 G.G.Dandekar [1] 44.10 42.05 Indicap 27.50 29.45 Lakshmivilas 15.45 15.45 Nat.Peroxide 1880.15 1874.85 Raj Glo Wir 346.55 337.05 Sinclair Hot [2] 36.80 36.75 Trejhara 17.80 17.35 A G m
Apm Indus. [2] 14.35 14.25 Chowgule St 3.99 4.10 G.V.Films [1] 0.27 0.27 Indo Amines 55.00 53.95 Lancer 60.95 57.55 Nat.Plastic 18.25 18.45 Rajoo Engin. [1] 9.32 9.25 Singer India [2] 27.15 27.75 Trescon 83.05 81.80 A M H w C
Apollo Fin I 480.90 460.30 Cianagro 36.60 37.50 Galada Tele. 1.84 1.78 Indoboraxc 327.75 338.15 Licnetfsen 432.40 435.70 Nathind 64.35 62.60 Ram Rat.Wir[5] 70.75 71.45 Sintexplast [1] 2.45 2.33 Trio Mercan 33.75 33.05 A H m C mm
Apollotri [2] 652.85 634.80 Cifl 116.00 116.90 Ganesh Benz [1] 63.00 64.15 Indokem Ltd. 11.45 11.82 Licnfnhgp 121.01 119.90 National Std 755.15 748.00 Rama Paper 9.80 10.29 Sisl 99.15 101.00 Triton Valve 721.00 710.00 A H
Architorg 17.27 17.50 Cil Securits 10.15 9.80 Garmntmntr 69.25 66.45 Indrenew 9.06 8.83 Likhitha 148.30 146.45 Natural Caps 78.00 76.70 Rama Phosph 68.60 65.65 Skyl Millar [1] 3.80 3.97 Triveni Glas 8.25 8.02 A M & w H C
Arfin 34.20 32.25 Cityman 3.80 3.87 Garnet Const 18.05 17.70 Indsil Hyd 11.14 11.64 Lkp Fin 59.55 62.65 Navkar Build 9.00 8.55 Raminfo 17.99 18.80 Smruthiorg 319.00 312.65 Ttil 2.39 2.35 A D H M
Classic [1] 0.27 0.27 Garware Poly 303.25 310.15 Inn.Tech.Pac [1] 18.25 18.65 Lkpsec [2] 5.08 5.25 Ndrauto 150.55 143.05 Rap Media 18.65 18.80 Smslife 588.60 554.50 Tuni Textile [1] 0.31 0.31 A & V O
Arihant Cap. [5] 66.05 67.85
Coast Corp 170.00 169.10 Gayatri Bio 7.06 6.92 Inno Invest 5.00 5.25 Lloyds Met E [1] 10.31 10.38 Neogen 621.15 617.85 Rapicut Carb 20.20 21.00 Snim [1] 5.68 5.79 Tuticorin. 6.82 6 A m WM
Arnold Hold 30.30 28.90
Artefact Pr 34.60 34.40 Cochin Min. 116.05 113.75 Gayatri Sugr 1.38 1.35 Insilco Ltd. 7.96 7.72 Lotus Choc 15.40 15.45 Netfsensex 428.85 416.67 Rasi Electro [2] 2.70 2.57 Snl Bearings 116.25 120.00 A m
Artemiselc 53.95 54.00 Cockerill 772.85 765.10 Gbfl 3.63 3.45 Integra Eng [1] 22.00 22.15 Ludolow Jute 84.25 82.20 Nettlinx Ltd 62.20 62.30 Rathi Bars 10.73 10.04 Solara 1137.80 1078.65 U C m A C w
Artson Eng [1] 25.25 25.60 Comfort Com 4.04 4.12 Gckl 9.50 9.86 Inter.Combus 132.95 129.00 Lykisltd 27.85 26.60 NglFine Chm [5] 888.65 894.65 Rcl 13.35 13.50 Sourcentrl 125.50 128.00 U w m
Ashfl 91.95 86.85 Comfort Inte 5.00 4.95 Gee Ltd [2] 25.45 25.40 Ion Exchange 745.40 741.20 M.B.Parikh 18.05 18.95 Nicco Parks [1] 33.80 35.45 Rdb Rasayan 35.10 36.45 Spandana 537.50 548.15 U C A
Ashiana Agro 1.17 1.22 Comsyn 63.00 61.05 Gemstone In[1] 2.50 2.45 Ircon [2] 76.05 74.90 Mac Charles 224.95 220.05 Niehspd 1.00 1.10 Regency 17.15 16.30 Spel Semicon 9.49 9.24 U V M
Ashiana Isp. 8.79 9.18 Conart Eng. 20.30 19.75 Gencon [5] 56.65 55.30 Irctc 1315.55 1302.45 Madhavipl [1] 4.70 4.49 Nikhil Adhsv 138.20 142.00 Rel.Chemotx 56.05 56.80 Spencer [5] 74.25 72.75 U m N A m
Ashikacr 23.95 23.45 Concord 24.30 25.10 Gennex Lab [1] 3.89 3.59 Isec [5] 463.70 447.75 Madrasfert 15.90 15.75 Nilaspaces [1] 1.08 1.04 Relhome 1.92 1.86 Spicejet Ltd 49.60 49.00 Um V H m
Ashirwa Cap [1] 1.92 1.99 Cont.Petro 25.85 26.35 Genpharma [1] 12.83 12.31 Isgec [1] 235.15 233.45 Maestros Ele 119.90 117.55 Nile Ltd. 254.80 256.00 Reltd 24.40 24.90 Srg Hfl 115.15 111.55 U A
Ashok­Alco 47.10 48.00 Contil I Ltd 8.59 8.50 Ggeng 79.15 80.95 Ishan Dyes 43.95 42.50 Mafatlal Ind 81.35 81.30 Nirlon 235.00 235.95 Resonance 57.50 59.35 Sri Digv Cem 63.95 61.90 U O A m K
Asianene 101.40 100.90 Coral Lab. 369.65 374.55 Giladafins 19.53 20.50 Ist Ltd. [5] 400.80 379.85 Magna Electr 159.85 156.15 Nitta Gela 151.90 153.10 Restile Cer. 2.09 1.92 Sspdl Ltd 12.90 13.30 U O K C
Corpor Cour 3.43 3.40 Glosterltd 462.55 452.70 Isw Ltd [1] 0.41 0.41 Maha Corp [1] 0.34 0.35 Niyogin 68.60 68.50 Rexnord Ele. 23.80 24.00 Stanrose Maf 73.40 72.25 U D C K m
Asiil [1] 12.40 12.39
Asm Technolo 163.25 166.50 Cosco India 70.00 70.35 Gnrl 11.99 11.84 Itl Industrs 63.40 60.60 Mahaan Foods 17.40 18.25 Novartis [5] 626.15 619.60 Rgrl 14.80 14.60 Starlog 8.50 8.79 U m C m K M
Asrl 51.50 53.85 Cosyn 23.50 23.50 Godavari Dru 36.90 37.10 Iwp [2] 23.15 22.10 Mahepc 140.65 133.85 Ntc Indust 26.85 25.75 Riba Textils 32.50 31.35 Starteck 49.95 52.00 U K K D m
Asso.Alcohol 242.65 242.30 Crestchem Lt 44.15 46.35 Golden Lamin 837.00 854.70 Jagan Lamps 18.70 17.60 Mahesh 5.04 4.80 Nutra [5] 4.53 4.31 Riddhicorp 150.90 156.45 Steel Exch 34.70 32.25 U K m H H
Athenaglo 29.00 30.25 Crowntours 19.00 19.00 Goodricke 281.05 277.25 Jagatjit Ind 31.15 29.60 Majestic Aut 92.40 89.40 Nyssacorp [1] 0.63 0.65 Ridhi Sidhi 226.00 225.20 Steelcast [5] 95.15 95.05 U C m m C
Atv Projects 3.71 3.60 Cslfinance 208.00 215.90 Goodyear (I) 809.60 784.90 Jaibala Ind 14.60 15.00 Makers Lab. 100.40 100.65 Oal [5] 458.05 449.85 Rishabh Digh 20.55 19.55 Stovac Ind. 1900.00 1845.00 U m M m C
Auro Lab. 75.30 78.30 Ctl [1] 5.72 5.80 Gowra Leasng 17.52 16.75 Jasch Indust 32.25 32.05 Mal [3] 0.76 0.73 Ok Play (I) 16.50 16.75 Rishiroop 37.15 39.95 Sukjit Strch 188.15 190.55 U O O M A
Avantel Ltd 358.55 363.50 Dai­Ichi Kar 277.15 266.65 Goyal Asso. [1] 1.32 1.31 Jatalia 5.50 5.72 Mallcom 224.95 220.40 Orient Bever 55.00 55.00 Rishitech 15.49 15.50 Sulabh Eng. [1] 2.25 2.36 U M A C U
Avonmore 12.39 13.12 Daikaffil Ch 27.00 27.00 Grauer& Weil[1] 36.00 35.30 Jay Ushin 433.00 420.00 Man50etf [100] 119.30 118.20 Orient Trade [2] 1.89 1.96 Rit Pro Ind 20.95 20.75 Sumichem 267.20 268.80 U G M w w
Axtel Indus. 228.25 223.10 Darjeeling 4.55 4.77 Greencrest [1] 0.49 0.49 Jaykay [1] 3.90 4.09 Mancredit 43.90 43.45 Oriental Ven [1] 37.95 37.40 Rodium 99.45 98.00 Sun Techno [1] 0.20 0.21 V D C W M
Baba Arts [1] 10.33 10.60 Deccangold [1] 14.04 13.96 Greenpanel [1] 73.40 77.05 Jayshri Chem 4.10 3.90 Mangala Ind [1] 0.28 0.27 Orientelec [1] 207.55 213.05 Rossari [2] 795.60 785.90 Sunil Agro F 41.30 43.20 V C M
Decipher 23.30 23.65 Grm Overseas 317.00 318.00 Jaysn Dyest [1] 38.10 38.45 Manorg 425.00 415.15 Osiajee 39.75 39.80 Roto Pumps [2] 101.95 100.55 Sunshield Ch 122.25 122.20 V C mm G
Bajaj Steel [5] 233.50 224.05 CCC M N
Deepak Spinn 67.00 65.15 Guj.Hotels 85.00 84.05 Jct Ltd [2] 0.80 0.81 Manvijay 461.70 475.55 Ozoneworld 82.00 82.20 Route 996.25 1095.85 Super Crop. [2] 7.29 7.00 V C m M K
Bajajhcare 536.45 521.20
Delton Cable 29.65 29.50 Guj.Themis. [5] 244.55 238.65 Jenburkt Ph. 372.65 441.25 Maris Spin. 34.75 36.45 P.G.Foils 69.50 72.00 Rts Power Co 31.15 32.50 SuperTanner [1] 2.84 2.60 V C M W
Balasore [5] 8.86 8.71
Balmer La.In 336.00 332.35 Denis Chem 45.60 44.55 Gujaratpoly 6.99 6.66 Jetinfotran 32.50 34.00 Maruti Infra 16.05 15.60 P.G.Ind.Ltd. [5] 4.55 4.46 Rubfila Int. [5] 39.95 38.40 Superb Paper 11.44 11.10 V m C MC m
Bambino Agro 198.45 190.75 Dhabriya 30.75 31.50 H.P.Cotton 26.00 26.95 Jindal Hotl 21.35 20.75 Maxhealth 106.70 107.05 Pacific Ind. 119.00 123.00 Ruttonsha In 30.50 32.80 Superior 98.95 98.25 V m C M N
Basant Agro [1] 5.17 4.96 Dhan Roto Sp 18.15 18.50 Halder 61.95 65.00 Jiyaeco 7.60 8.21 Maximus 120.00 120.00 Pan India C 0.19 0.20 Rvnl 18.20 18.10 Supreme Ho 14.80 14.06 V DCM M U m
Bclil 56.60 56.45 Dhanadacol [1] 3.00 3.15 Haldyn Glass [1] 27.40 27.50 Jkagri Gen 648.10 645.20 Maxindia 57.00 55.95 Pana Energ 156.50 160.65 S.I.Paper 61.50 59.20 Surat Text. [1] 2.41 2.42 V D V MO D K A V m
Bdh Indus. 72.95 73.50 Dharamsi Chm 134.45 136.25 Happstmnds 338.80 340.45 Jl Morison 1884.00 1837.50 Mayukh 11.15 11.50 Panth 4.99 4.95 Sacheta Met. 14.85 14.40 Suryalata Sp 79.35 79.75 V D N D m V H
Beekay 202.15 199.90 Dhoot I.Fin. 27.25 27.85 Har.Leather 28.40 28.00 Joindre Capi 16.10 16.50 Mayur Floor. 3.65 3.80 Paragon Fin. 13.67 14.25 Sadhana Nitr[1] 20.10 19.35 Suvenphar [1] 314.40 299.90 V H m m N V
Bellacasa 64.35 62.90 Dhp India Lt 333.30 346.45 Hardcastle 170.00 161.85 Josts Eng. 486.25 510.00 Mazdock 166.80 168.25 Paramone 10.74 11.27 Safari Ind. [2] 412.95 423.40 Suyog Tele 364.95 364.95 V M N w Vm
Bengal Tea & 34.00 32.30 Diamines&Chm 399.65 382.60 Haria Apl 1.02 1.07 Jstl 23.70 24.10 Mcloud 64.25 63.85 Parleind 9.88 9.79 Sagarprod [1] 10.16 9.96 Sv Global [5] 32.05 33.10 V N C m V
Bengla& Asm 1282.35 1324.65 Diana Tea Co [5] 10.00 10.40 Harish 14.25 13.54 Jtl Infra 132.70 126.25 MediaMatrix [1] 4.85 5.00 Parnaxlab 18.00 17.30 Sagarsoft 75.00 70.85 Svartcorp [1] 2.67 2.78 V M N
Disa India 3420.10 3445.30 Hathway Bhaw 17.10 16.90 Jumpnet [5] 39.10 37.15 Medicamen Bi 394.85 390.30 Pas.Acrylon 9.35 9.13 Sahya Indu 216.85 216.40 Svcind 0.73 0.73 V V
Bestagro 447.80 448.50 K N
Divya.Granit 39.00 39.35 Hawaeng 30.05 31.00 Jyoti Resins 237.20 236.35 Medinova Dia 13.10 13.09 Pasari Spin 2.32 2.43 Saint­Gobain 56.30 55.85 Svpglob 410.75 405.10 V V C m
Bhagira.Chem 371.45 363.40
Dolphin Medi 1.16 1.16 Hawkins Cook 5076.70 5125.85 Kabra Drugs 3.42 3.55 Mega Corpn. [1] 0.82 0.78 Patel Airtem 133.60 130.85 Salauto 153.00 150.30 Swadeshi Ind 0.29 0.30 V W G G W
Bharat Bhush 19.50 19.45
Bharat Seats [2] 60.30 60.20 Dr.Agar.Eye 222.65 236.00 Hb Portfolio 16.30 14.50 Kachchhmin 8.09 8.49 Mehai 14.15 13.47 Paushak Ltd 3553.80 3429.20 Samkrg Pist. 116.05 117.80 Swagruha [1] 5.29 5.41 V m G H w H m W
Bharatagri 152.85 156.50 Drhabeeb 44.00 46.20 Hbanketf [223] 237.80 247.78 Kaira Can Co 1013.20 969.90 Mel 3.33 3.17 Pbm Polytex 34.65 34.55 Samrat Pharm 122.60 118.00 Swarnasa 6.40 6.99 V G W m D
Bhilwra Tec [1] 3.58 3.39 Duke Offshor 7.14 6.81 Hemorganic 15.36 15.80 Kamadgiri 32.00 30.75 MenonPiston[1] 13.61 13.74 Pcs Tech 4.60 4.74 Sandu Pharma 30.25 29.45 Swasti Vinay [1] 4.58 4.68 V m m G m M C
Duncaneng 97.35 99.85 Hfil 7.08 6.99 Kamaholding 4820.00 4768.50 Mercantile 8.71 8.11 Perm Magnets 171.30 160.95 Sandur Mang. 664.75 665.35 Swastik Inv 69.30 66.90 V G O m

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