Tech Enhanced Investing

NTPC's stock is currently trading at Rs. 445.30, an increase of 2.20 points or 0.50% from its previous close of Rs. 443.10 on the BSE.

The stock opened at Rs. 446.45, reaching a high of Rs. 447.85 and a low of Rs. 443.50 so far. A total of 1,45,244 shares have been traded.

This BSE 'A' group stock, with a face value of Rs. 10, hit its 52-week high of Rs. 448.30 on September 30, 2024, and a 52-week low of Rs. 227.75 on October 26, 2023.

Over the past week, the stock's high and low have been Rs. 448.30 and Rs. 425.60, respectively. The company currently holds a market capitalization of Rs. 4,31,937.99 crore.

Promoters hold a 51.10% stake in the company, while institutional investors and non-institutional investors hold 45.34% and 3.55%, respectively.

NTPC Green Energy (NGEL), a subsidiary of NTPC, signed a Memorandum of Understanding (MoU) with the Rajasthan government on September 30, 2024, to develop 25 GW of renewable energy projects in the state.

Earlier, on September 25, 2024, NGEL entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy parks and projects in Maharashtra and potentially other states.

NTPC is India's largest power utility, operating in coal, gas, solar PV, hydro, wind power generation, and coal mining.

Indian stock markets reversed early gains and were trading slightly lower in the morning, weighed down by losses in Metal, Realty, and Healthcare sectors. Caution prevailed among traders following data from the Ministry of Commerce & Industry, revealing a contraction of 1.8% in the output of eight core industries in August 2024 – the first decline in nearly four years. In contrast, the core sector had shown growth of 13.4% in August 2023 and 6.1% in July 2024. Additional pressure came as foreign institutional investors (FIIs) sold equities worth ₹9792 crore on September 30.

Globally, Asian markets were in positive territory as investors responded to Federal Reserve Chair Jerome Powell’s remarks, suggesting inflation is cooling and that interest rates may decrease, though not immediately.

As of now, the BSE Sensex is trading at 84,237.11, down by 62.67 points or 0.07%, with an equal number of stocks advancing and declining. The broader indices were mixed, with the BSE Mid Cap index down by 0.21% and the Small Cap index up by 0.22%.

Among the top-performing sectors, IT rose by 0.75%, followed by TECK, Capital Goods, Power, and Industrials, while the worst performers were Metal, Realty, Healthcare, Basic Materials, and FMCG. Leading the gains on the Sensex were Tech Mahindra (+3.45%), Mahindra & Mahindra (+1.41%), and Infosys (+1.19%). On the downside, Asian Paints (-2.34%), Tata Steel (-1.63%), and JSW Steel (-1.32%) were among the top losers.

In the pharmaceutical sector, ICRA reported that Indian pharma companies are expected to see revenue growth of 9-11% in FY25, driven by the US market, Europe, and emerging markets. The agency also highlighted the impact of changes in the National List of Essential Medicines (NLEM) and uneven monsoons on last year’s performance but remained optimistic about the future.

On the CNX Nifty, the index was trading at 25,761.95, down 48.90 points or 0.19%. Tech Mahindra, Infosys, and Wipro led the gains, while Asian Paints, Tata Steel, and Bajaj Auto were the top losers. 

Asian markets continued to trade in the green, with indices like Jakarta Composite and Nikkei 225 posting strong gains.

Indian stock markets are likely to open in positive territory today, following encouraging signals from international markets. On Monday, the markets saw a significant decline of around 1.5% due to widespread profit booking. However, today's outlook appears brighter, boosted by comments from NITI Aayog CEO B.V.R. Subrahmanyam, who highlighted the rapid growth of India's industrial sector, suggesting the country could target over 9% economic growth. He also noted a rise in jobs in the manufacturing sector, with employment increasing by 7.5% in 2022-23, according to Annual Survey of Industries data.

Additionally, the government's fiscal deficit has reached 27% of the full-year target in the first five months, lower than last year's 36% during the same period. However, foreign institutional investor (FII) outflows may impact market sentiment negatively, as FIIs sold equities worth ₹9,792 crore on September 30. Concerns also arise from a recent contraction in key infrastructure sectors, which declined by 1.8% in August 2024, compared to a 6.1% growth in July.

Moreover, the current account deficit widened to $9.7 billion in the April-June quarter, from $8.9 billion a year ago. On the brighter side, Indian pharmaceutical companies are expected to see revenue growth of 9-11% this year, though slightly lower than last year’s growth. Metal stocks are likely to gain attention, as India has launched an anti-dumping investigation on imports of electrical steel from China. The consumer durables sector is also projected to grow to ₹5 lakh crore by 2030, creating 5 lakh jobs.

In global markets, U.S. stocks closed higher on Monday after a volatile session, and Asian markets are trading mixed today. Japanese market reactions are focused on the Bank of Japan’s third-quarter survey on business sentiment.

Back home, Monday's losses in the Indian markets were driven by heavy selling in major stocks like Reliance Industries, Axis Bank, and Mahindra & Mahindra, along with concerns over Middle Eastern geopolitical tensions and weak performances in Japan. Investors were cautious ahead of the release of several key economic data points later this week. Despite a gloomy market, Commerce Minister Piyush Goyal’s positive update on the success of the Production Linked Incentive (PLI) schemes was largely overlooked.

At the close of Monday’s session, the BSE Sensex fell by 1,272 points (1.49%) to 84,299.78, while the Nifty declined by 368 points (1.41%) to 25,810.85.

Asian Energy Services is currently trading at Rs. 367.15, marking an increase of 6.65 points or 1.84% from its previous close of Rs. 360.50 on the BSE.

The stock began trading at Rs. 362.35 and has hit an intraday high of Rs. 373.00 and a low of Rs. 362.35. So far, 1,796 shares have been traded.

This BSE Group 'B' stock, with a face value of Rs. 10, reached its 52-week high of Rs. 444.35 on August 27, 2024, and its 52-week low of Rs. 168.50 on November 22, 2023.

For the last week, the stock’s high and low were Rs. 379.35 and Rs. 343.00 respectively. The company's market capitalization stands at Rs. 1,636.51 crore.

Promoters hold 58.52% of the company’s shares, while institutions and non-institutional investors own 3.15% and 38.33%, respectively.

Asian Energy Services (AESL) recently secured a contract from Oil India to acquire 2D seismic data over 4,300 kilometers in the Rajasthan Basin, as part of Mission Anveshan. The total contract value is approximately Rs. 82 crore, including taxes and GST, and the project will be completed within 18 months. The company's current order book stands at around Rs. 1,000 crore.

Formerly known as Asian Oilfield Services, the company offers a variety of services to both domestic and international firms, specializing in seismic data acquisition, processing, and interpretation, leveraging its team of experienced professionals.

Mahindra & Mahindra (M&M) is trading at ₹3140.15, rising by 43.95 points or 1.42% from its previous close of ₹3096.20 on the BSE. The stock opened at ₹3118.45, hitting an intraday high of ₹3147.05 and a low of ₹3096.25. A total of 38,717 shares have been traded so far.

M&M, a BSE group 'A' stock with a face value of ₹5, recently reached a 52-week high of ₹3221.10 on September 27, 2024, and a 52-week low of ₹1450.55 on November 1, 2023. The stock’s one-week high and low stood at ₹3221.10 and ₹3009.95, respectively. The company’s current market capitalization is ₹3,90,443.18 crore.

Shareholding includes 18.56% held by promoters, with institutions and non-institutions owning 68.14% and 13.30%, respectively.

M&M's Farm Equipment Sector (FES) has seen a 2.42% increase in total tractor sales, including domestic and exports, with 44,256 units sold in September 2024 compared to 43,210 units during the same month last year. Exports totaled 1,055 units, while domestic sales reached 43,201 units, up from 42,034 in September 2023.

M&M is the flagship of the Mahindra Group, a Mumbai-based multinational conglomerate, primarily engaged in automobile manufacturing and one of India’s leading auto companies.

Biocon's stock is trading at Rs. 374.15, a rise of 1.65 points or 0.44% from its last close of Rs. 372.50 on the BSE. The stock opened at Rs. 376.35 and fluctuated between a high of Rs. 378.60 and a low of Rs. 373.90. A total of 36,893 shares have been traded so far.

The 'A' group stock, with a face value of Rs. 5, reached a 52-week high of Rs. 395.65 on September 17, 2024, and a 52-week low of Rs. 217.50 on October 31, 2023. Over the past week, the stock's highest and lowest points were Rs. 381.85 and Rs. 363.70, respectively. The company’s current market capitalization stands at Rs. 44,722.35 crore.

Promoters hold 60.64% of the company’s shares, while institutional and non-institutional investors own 20.20% and 19.17%, respectively.

Biocon recently entered into a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company, a subsidiary of Astra Industrial Group. This deal allows Tabuk to commercialize Biocon’s GLP-1 diabetes and chronic weight management products in select Middle Eastern countries. Biocon will handle product development and manufacturing, while Tabuk will manage registration, importation, and marketing in the region. The agreement also includes the possibility of expanding to other GLP products and a future tech transfer for localized manufacturing.

Biocon is India's largest biotechnology firm and a leading player in Asia, specializing in biopharmaceuticals and research services with a focus on offering affordable treatments for chronic diseases worldwide.

Mayur Uniquoters is currently trading at Rs. 609.65, up by 6.05 points or 1.00% from its previous close of Rs. 603.60 on the BSE.

The stock opened at Rs. 604.25, reaching a high of Rs. 609.65 and a low of Rs. 603.45. A total of 388 shares have been traded so far.

Classified under the BSE group 'B', the stock, with a face value of Rs. 5, hit a 52-week high of Rs. 698.00 on August 2, 2024, and a 52-week low of Rs. 454.05 on March 28, 2024.

In the past week, the stock's high and low were Rs. 635.00 and Rs. 590.45, respectively. The company's current market capitalization stands at Rs. 2,622.80 crore.

Promoters hold 58.52% of the company, with institutional investors owning 7.25%, and non-institutional investors holding 34.23%.

Mayur Uniquoters' US subsidiary, Mayur Uniquoters Corp. (MUC), has acquired a new wholly-owned subsidiary in Lithuania, named UAB Futura Textiles Europe. This acquisition, aimed at trading artificial synthetic leather, is expected to strengthen the company's global presence and improve supply availability across Europe. The acquisition was made for 4,000 Euros.

Mayur Uniquoters is India’s largest manufacturer of artificial leather/PVC vinyl, utilizing Release Paper Transfer Coating Technology.

Torrent Pharmaceuticals' stock is trading positively at Rs. 3431.25, marking a gain of 21.50 points or 0.63% from its previous close of Rs. 3409.75 on the BSE. The stock opened at Rs. 3405.40, reaching a high of Rs. 3443.00 and a low of Rs. 3397.60, with 654 shares exchanged so far.

The company, part of the BSE group 'A', with a face value of Rs. 5, hit a 52-week high of Rs. 3574.00 on August 30, 2024, and a 52-week low of Rs. 1822.80 on October 25, 2023. Over the last week, the stock has fluctuated between Rs. 3520.00 and Rs. 3365.00. Torrent Pharmaceuticals' current market capitalization stands at Rs. 116019.10 crore.

The company’s promoters hold 71.25% of shares, while institutional and non-institutional investors own 21.49% and 7.26%, respectively.

Torrent Pharmaceuticals has formed a wholly-owned subsidiary, Torrent Pharmaceuticals Chile SpA, on September 25, 2024, to provide business support within Chile. Torrent Pharmaceuticals is the flagship company of the Torrent Group, known for its leadership in cardiovascular and central nervous system treatments, with additional expertise in gastro-intestinal, diabetology, anti-infective, and pain management sectors.

Lemon Tree Hotels' stock is currently trading at Rs. 123.35, up by 1.40 points or 1.15% from its previous close of Rs. 121.95 on the BSE.

The stock opened at Rs. 122.20 and reached a high of Rs. 123.35 and a low of Rs. 121.55. A total of 63,307 shares have been traded so far.

This group 'A' stock, with a face value of Rs. 10, hit its 52-week high of Rs. 158.05 on May 6, 2024, and its 52-week low of Rs. 100.75 on October 26, 2023.

Over the past week, the stock's high and low were Rs. 127.30 and Rs. 121.50, respectively. The company's current market capitalization is Rs. 9701.06 crore.

Promoters hold 22.80% of the company's shares, while institutions own 42.81% and non-institutional investors hold 34.39%.

Lemon Tree Hotels has signed a new property in Sasan Gir, Gujarat, which will be managed by its subsidiary Carnation Hotels. The hotel, expected to open in FY 2026, will feature 74 rooms, a restaurant, meeting room, banquet hall, swimming pool, spa, and fitness center.

Located about 60 km from Keshod Airport, 100 km from Diu Airport, and 180 km from Hirasar Rajkot International Airport, the property is also well-connected to Junagadh and Veraval railway stations. Both public and private transport options are available, ensuring easy access.

Lemon Tree Hotels is India's largest hotel chain in the mid-priced segment and ranks third overall in terms of ownership and leased room capacity.

Ahasolar Technologies' stock is currently trading at Rs 337.00, marking a rise of 2 points or 0.60% from its previous close of Rs 335.00 on the BSE. The stock opened at Rs 335.00, reaching a peak of Rs 344.20 and a low of Rs 335.00 during the day, with a total of 2,400 shares exchanged.

The stock, categorized in the BSE 'M' group with a face value of Rs 10, hit a 52-week high of Rs 657.75 on March 5, 2024, and a 52-week low of Rs 207.00 on December 6, 2023. Over the past week, the stock's highest point was Rs 351.00, while its lowest was Rs 333.00. The company's current market capitalization stands at Rs 106.09 crore.

Promoters hold a 36.95% stake in the company, while non-institutional investors own 63.05%.

Ahasolar Technologies has secured a work order valued at Rs 65 lakh for providing technical support and IT assistance for the National Portal under the PM Surya Ghar: Muft Bijli Yojana, which includes grievance management services. The contract, awarded by REC, a Maharatna company and the National Programme Implementation Agency (NPIA) for the scheme, is set to be completed within 9 months.

Ahasolar is actively involved in CleanTech, facilitating energy transition through digital solutions, promoting renewable energy adoption among stakeholders.