Ways2Capital 23 March 2015 Equity Research Report

INDORE, India - March 25, 2015 - PRLog -- NSE WEEKLY NEWS UPDATE

✍ Suzlon stock ends flat after shareholders' nod for Senvion sale

Suzlon Energy Ltd stock ended 1% higher at Rs 27 after the company has announced that it has received shareholders and CDR EG (Empowered Group) approval for Senvion sale and issue of upto 100 Crores equity shares on preferential basis.The stock has hit a high of Rs 28 and a low of Rs 26.Total traded quantity on the counter stood at over 122.88 lk shares.

✍ NTPC stock ends higher

On the positive front, NTPC surged over 3% to Rs. 150 on fixing coupon rate for bonus debentures.According to a release issued by the company to the BSE, NTPC fixed the coupon rate on the bonus debentures at 8.49 per cent per annum. This rate would remain fixed during the entire tenure of bonus debentures. The stock has hit a high of Rs 150 and a low of Rs 145. Total traded quantity on the counter stood at over 9.47 lk shares.

✍ Tata Motors stock ends flat on rights issue plans

Tata Motors stock ended flat at Rs 550 after company said that it plans to raise funds via rights issue.Tata Motors plans to raise up to Rs. 7,500 crore via rights issue of equity shares. Further the company's board will also consider a proposal for buyback of secured non-convertible debentures issued by the company in May 2009, maturity date being 31 March, 2016, face value of Rs. 1250 crore, as part of its debt restructuring programme.The stock has hit a high of Rs 557 and a low of Rs 547.Total traded quantity on the counter stood at over 1.85 lk shares.

✍ MRF plans to invest Rs. 4,500 cr in Tamil Nadu

Shares of MRF were trading lower 3% at Rs.38,528 on BSE today. The company as part of its expansion plan, proposes to invest Rs 4,500 Crore in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years. The Government of Tamil Nadu considered the above proposal and has decided to accord 'Ultra Mega Project Status' under the Tamil Nadu Industrial Policy, 2014. The Memorandum of Understanding between the Government and the Company in this regard is expected to be signed shortly.The stock opened at Rs.40,089 as against the previous close of Rs.39,845 on BSE. It has hit a high of Rs.40,195 and a low of Rs.38,149 on BSE today.

✍ Ortel Communications hits 5% lower circuit

After listing on the BSE, the share price of Ortel Communications has tanked 14.2 per cent in last three trading sessions.The Cable TV Services provider had received 0.75 per cent subscription. The stock is listed in the 'T' group securities, which indicates trade-to-trade settlement.The stock is now locked at 5 per cent lower circuit of Rs. 155, with the pending selling orders of 13,793 odd shares. So far, 656 shares are traded on the BSE counter.The stock has tanked 14.2 per cent in last three trading sessions, since its debut on the bourses on March 19.

✍ Tata Docomo launches Tata Photon Walky

With its continuous endeavor to offer innovative products and services to meet the evolving needs of its customers, Tata Docomo, the unified brand of Tata Teleservices has launched Tata Photon Walky.“Tata Photon Walky is a unique device that will give the wireless landline users an opportunity to surf internet by creating a simultaneous Wi-Fi hotspot. With the rise in the number of smartphone and tablet users in India, there has been a shift in the way Internet is accessed by customers in addition to their otherwise voice usage. With Tata Photon Walky, we have addressed the internet needs of multiple users including Smartphone customers at home or on the move with a single, easy to use device.” The Tata Photon Walky is an ideal solution for Wi-Fi-free conference rooms, impromptu brainstorming sessions, and even family road trips. Rather than requiring everyone in the room to use their own devices to get online, a single mobile hotspot can do the job more cost-effectively besides giving the benefit of making voice calls also.

✍ Indian Rupee bonds improves 3.7%; highest since 2012

Indian Rupee-denominated bond proceeds amounted to RS. 2,533.9bn in 2014, a 3.7% improvement in proceeds compared to 2013 (RS. 2,443.7bn). This is the highest annual period since 2012 when proceeds reached a record high of RS. 2,896.3bn. The Financials sector accounted for 67.4% of the Indian Rupee bonds market with RS. 1,706.2bn from 421 new issues, up 9.7% in proceeds from 2013 (RS. 1,555.2bn). Issuance from the Energy & Power sector, with RS. 313.2bn in proceeds, dropped 28.0% compared to 2013 and accounted for 12.4% of the market share. Government and Agencies tapped India’s local currency bond market with RS. 143.3bn in proceeds, a 188.6% increase from over a year ago. Asia Pacific’s aggregate local currency bond volume amounted to US$585.3bn in 2014, down 2.3% from last year. Indian Rupee-denominated bonds accounted for 7.1% of Asia’s local currency bond market share while Chinese Yuan captured the biggest market share with 42.0%.

✍ UAE Exchange India launches 6 branches in Mumbai

UAE Exchange India, one of the leading players in financial services today announced the launch of six branches in Mumbai. These branches are located in Dadar, Matunga, Kandivali, Dahisar, Ghatkopar, Vasai, and Airoli. Mr. N Gopi , Zonal Head and Mr. TS Reddy Regional Head, UAE Exchange India inaugurated the branches in presence of branch staff and customers. As the financial capital of India, the demands for the financial services are on high mandate in the metropolis and to cater the rising needs, UAE Exchange India has diverged its network to yet more locations. Through these branches, UAE Exchange will offer its customers services and products like personal loan, foreign exchange, auto loan, gold loan, money transfers etc. UAE Exchange is one of the leading global remittance and foreign exchange brands trusted worldwide and known for its penchant for quality and passionate customer service at 367 locations across the nation. The wide expansion of its network portrays the acceptance of the firm among the people.


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