Tech Enhanced Investing

Tech Mahindra's stock is seeing a slight rise, currently trading at ₹1,643.15, up by 1.35 points or 0.08% from its previous close of ₹1,641.80 on the BSE.

The stock opened at ₹1,645.50, reaching a peak of ₹1,650.00 and a low of ₹1,639.35. A total of 4,186 shares have changed hands so far. The stock, part of the BSE 'A' group with a face value of ₹5, achieved a 52-week high of ₹1,664.15 on August 28, 2024, and a 52-week low of ₹1,089.00 on October 26, 2023.

In the last week, the stock’s high was ₹1,650.00, while the low was ₹1,575.55. The company currently holds a market capitalization of ₹1,60,602.91 crore. The promoter holding stands at 35.05%, with institutional investors and non-institutional investors holding 54.11% and 10.85% respectively.

In a significant development, Tech Mahindra has partnered with Discai, a fully-owned subsidiary of KBC Group specializing in BankTech solutions. This collaboration aims to provide an advanced AI-powered Anti-Money Laundering (AML) solution that enhances transaction monitoring and ensures regulatory compliance for financial institutions.

By merging Tech Mahindra's IT expertise with Discai’s innovative AI and rule-based AML technology, the partnership will offer a reliable, compliant, and seamless solution for financial institutions. The solution focuses on AI and rule-based monitoring (KYT AML – Know Your Transaction Anti-Money Laundering), aiding in the prevention and detection of financial crimes while ensuring adherence to regulatory frameworks.

Together, Tech Mahindra and Discai will deliver an efficient solution combining AI technology and rule-based systems, helping financial institutions remain compliant while boosting operational efficiency by mitigating IT integration risks. Tech Mahindra continues to be a leader in delivering customer-centric IT solutions, enabling businesses and societies to thrive.

HPL Electric & Power is witnessing a positive surge, currently trading at ₹607.95, marking a rise of 9.15 points or 1.53% from its previous close of ₹598.80 on the BSE.

The stock opened at ₹609.95 and fluctuated between a high of ₹613.80 and a low of ₹604.80. So far, 11,297 shares have been traded on the exchange.

This BSE group 'B' stock, with a face value of ₹10, hit a 52-week high of ₹694.30 on August 22, 2024, and a 52-week low of ₹179.25 on October 26, 2023. Over the last week, the stock’s highest and lowest prices stood at ₹614.55 and ₹569.90, respectively. The company's current market capitalization is ₹3,898.22 crore.

Promoters hold a significant 72.66% stake in the company, while institutions and non-institutions hold 0.97% and 26.38%, respectively.

The company has recently bagged work orders/Letters of Award (LoA) amounting to ₹143.77 crore, inclusive of taxes, from its regular key clients. These orders are for the supply of smart and conventional meters, and they will be executed according to the specified terms and conditions.

HPL Electric & Power is a prominent player in India's electric equipment manufacturing sector, offering a wide range of products, including metering solutions, switchgear, lighting equipment, and cables, catering to both consumer and institutional clients.

Puravankara's stock is currently trading at Rs. 453.65, marking an increase of 19.30 points or 4.44% from its previous close of Rs. 434.35 on the BSE.

The stock opened at Rs. 455.00 and has fluctuated between a high of Rs. 456.05 and a low of Rs. 437.00 so far, with 4,255 shares changing hands. With a face value of Rs. 5, the stock hit its 52-week high of Rs. 565.00 on July 3, 2024, and a 52-week low of Rs. 104.80 on September 22, 2023. Over the last week, the stock’s high and low were Rs. 456.05 and Rs. 418.05 respectively. The company's current market capitalization stands at Rs. 10,671.74 crore.

The promoter stake in the company is 75%, while institutional and non-institutional investors hold 17.95% and 7.05%, respectively.

Puravankara has secured redevelopment rights for the prestigious Miami Apartments at Breach Candy, marking its entry into South Mumbai's luxury real estate market. This project spans approximately 2,000 sq. m., with property prices in the area estimated between Rs. 1,25,000 and Rs. 1,40,000 per sq. ft.

Additionally, Puravankara has expanded its presence in Lokhandwala, Andheri West. After acquiring redevelopment rights for two societies in November 2023, covering around 3 acres, the company has now been chosen as the preferred developer for a cluster of four societies on 1.30 acres. This creates a combined development area of approximately 4.3 acres, where market rates are estimated between Rs. 40,000 and Rs. 45,000 per sq. ft.

In Bengaluru, Puravankara signed a Joint Development Agreement (JDA) for a 1.95-acre plot in the Electronics City area. This project, near the Purva Westend development and close to Kudlu Gate Metro Station, will offer 260,000 sq. ft. of saleable area. Market rates in the locality range from Rs. 12,000 to Rs. 14,000 per sq. ft.

Puravankara continues to expand its footprint across major Indian cities including Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai, and Pune.

CESC shares are trading at Rs. 199.45, showing an increase of 4.65 points or 2.39% from its previous close of Rs. 194.80 on the BSE.

The stock opened at Rs. 196.45, hitting a high of Rs. 200.70 and a low of Rs. 195.55. A total of 107,910 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 1, previously reached a 52-week high of Rs. 210.00 on August 27, 2024, and a 52-week low of Rs. 82.45 on October 26, 2023.

Over the last week, the stock ranged between Rs. 201.40 and Rs. 182.10. The company's market capitalization now stands at Rs. 26,206.53 crore.

Promoters hold a 52.11% stake in the company, while institutional investors and others hold 36.20% and 11.69%, respectively.

CESC's subsidiary, Purvah Green Power, has set up a wholly owned subsidiary, Redgaint Renewable Power Energy (RRPEPL), on September 11, 2024. RRPEPL is established to explore opportunities in the renewable energy sector. The subscribed and paid-up capital of RRPEPL is Rs. 1,00,000.

CESC operates in the power generation and distribution sector in West Bengal, with a fully integrated utility model, spanning from coal mining to power distribution.

Akums Drugs & Pharmaceuticals saw a rise in its stock price, trading at Rs. 911.65, up by 4.10 points or 0.45% from its previous close of Rs. 907.55 on the BSE.

The stock opened at Rs. 948.95, hitting a high of Rs. 948.95 and a low of Rs. 910.30 during the session, with 7702 shares exchanged.

The BSE Group 'B' stock, with a face value of Rs. 2, achieved a 52-week high of Rs. 1174.85 on August 20, 2024, and a 52-week low of Rs. 724.50 on August 6, 2024. Over the last week, its high and low were Rs. 948.95 and Rs. 849.00, respectively. The company’s current market cap is Rs. 14,441.69 crore.

The promoter group holds 84.91% of the company, while 15.09% is owned by non-institutional investors.

Akums Drugs has been granted a Patent Certificate by the Patent Office of the Government of India on September 12, 2024. The patent, titled 'Room Stable Hydroxyurea Oral Suspension,' is valid for 20 years under the Patents Act of 1970.

This patented formulation represents a major advancement in treating Sickle Cell Disease (SCD) by solving the storage and accessibility issues of Hydroxyurea, further highlighting Akums’ role as a leader in pharmaceutical innovation.

As a CDMO, Akums Drugs & Pharmaceuticals provides a broad range of pharmaceutical products and services in India and internationally.

Affle (India) is trading at Rs. 1548.00, a slight increase of 0.75 points or 0.05% from its previous close of Rs. 1547.25 on the BSE.

The stock opened at Rs. 1548.35 and recorded a high of Rs. 1572.75 and a low of Rs. 1548.00 during the day. A total of 2902 shares have changed hands on the exchange so far.

With a face value of Rs. 2, the stock has touched a 52-week high of Rs. 1715.00 on August 26, 2024, and a 52-week low of Rs. 990.00 on October 26, 2023. Over the last week, the highest and lowest prices of the scrip were Rs. 1682.00 and Rs. 1542.00, respectively. The company currently holds a market capitalization of Rs. 21746.88 crore.

Affle's promoter group holds 55.14% of the company, while institutional and non-institutional investors own 31.50% and 13.37%, respectively.

Affle (India) has received its latest U.S. patent, further strengthening its intellectual property portfolio. The patent, related to a "Computer implemented method for partner pixelling for user identification," focuses on optimizing user identification for digital advertising. By assigning a unique identifier to each user, the system enhances targeted advertising through Demand Side Platforms and publishers. This innovation helps reduce redundant pixel activity, improves page load times, and increases website security, ensuring more efficient ad delivery.

This is the company’s 11th patent out of a total of 36 in its IP portfolio, with many of these patents centered on mobile advertising technology. The new patent further bolsters its existing IPs, improving conversion-driven marketing for advertisers.

Affle (India) is a global leader in technology, offering a proprietary consumer intelligence platform that facilitates consumer engagement, acquisition, and transactions through effective mobile advertising.

JSW Steel is witnessing a positive trading trend, with its stock price at Rs. 933.80, marking a rise of 6.95 points or 0.75% from its previous close of Rs. 926.85 on the BSE.

The stock opened at Rs. 938.70 and fluctuated between a high of Rs. 942.60 and a low of Rs. 929.40 during the session. So far, 16,550 shares have been traded.

A part of the BSE's 'A' group, with a face value of Rs. 1, the stock recently hit a 52-week high of Rs. 968.40 on August 26, 2024, and a 52-week low of Rs. 723.15 on November 1, 2023. Over the past week, it ranged between Rs. 948.10 and Rs. 911.55. The company's current market capitalization is Rs. 2,28,050.81 crore.

In terms of ownership, promoters hold a 44.81% stake, while institutions own 36.56% and non-institutional investors control 18.64%.

JSW Steel reported a marginal 1% year-on-year increase in consolidated crude steel production for August 2024, reaching 23.16 lakh tonnes, compared to 22.86 lakh tonnes in August 2023. Production from its Indian operations rose by 2%, reaching 22.49 lakh tonnes in August 2024, up from 22.15 lakh tonnes the previous year. Meanwhile, JSW Steel USA - Ohio reported a crude steel output of 0.67 lakh tonnes for the same period.

JSW Steel is a leading steel producer in India, with facilities in Karnataka and Maharashtra, specializing in crude steel, long steel, and flat steel products.

Mahanagar Telephone Nigam Ltd. (MTNL) is currently trading at its upper limit of ₹56.47, marking an increase of 2.68 points or 4.98% from its previous close of ₹53.79 on the BSE.

The stock opened at ₹56.28 and fluctuated between a high of ₹56.47 and a low of ₹55.30 during the session. A total of 1,086,817 shares have been exchanged so far.

This BSE group 'A' stock, with a face value of ₹10, reached a 52-week high of ₹101.88 on July 29, 2024, and a 52-week low of ₹23.37 on September 13, 2023. Over the last week, the stock has seen a high of ₹58.43 and a low of ₹53.35. The company's current market capitalization stands at ₹3,557.61 crore.

The company's promoter group holds 56.25% of the shares, while institutional and non-institutional investors own 14.01% and 29.73%, respectively.

MTNL has signed a Memorandum of Understanding (MoU) with NBCC (India) Ltd. to develop a prime 13.88-acre land parcel in Janakpuri, New Delhi. The agreement, signed on September 11, 2024, aims to transform the land into a modern residential and commercial hub, combining the strengths of both organizations.

MTNL, originally established by the Government of India, focuses on enhancing telecom services, expanding networks, and introducing new services in key cities like Delhi and Mumbai, while generating revenue for the nation's telecom development.

Cressanda Railway Solutions' stock has surged to its upper limit at Rs. 14.03, marking a 4.94% rise with an increase of 0.66 points from its previous close of Rs. 13.37 on the BSE.

The stock, which opened at Rs. 14.02, reached a high of Rs. 14.03 and a low of Rs. 14.01 during the trading session, with a total of 35,48,743 shares traded.

This BSE group 'XT' stock, having a face value of Rs. 1, recorded a 52-week high of Rs. 29.28 on 14th September 2023 and a 52-week low of Rs. 9.55 on 7th June 2024. In the past week, the stock’s high and low ranged between Rs. 14.03 and Rs. 11.57, and its market capitalization stands at Rs. 593.67 crore.

Promoters hold a 0.07% stake in the company, while institutions and non-institutional investors account for 0.83% and 99.10% of the ownership, respectively.

Cressanda Railway Solutions has secured significant contracts from Maharashtra’s Directorate of Tourism and the Bureau of Indian Standards (BIS). These contracts involve placing external advertisements on 16 express trains for Maharashtra Tourism and on 1 express train for BIS. These premium, long-distance trains cater to high-end passengers, making them an ideal platform for promotional campaigns. The use of transit media for advertising aims to enhance public awareness of new initiatives launched by these organizations.

Cressanda Railway Solutions, formerly known as Cressanda Solutions, provides IT, digital media, and IT-enabled services. The company specializes in middleware products, system integration services, and custom software solutions.

Infosys shares are currently trading at Rs. 1913.00, marking a rise of 2.20 points or 0.12% from its previous close of Rs. 1910.80 on the BSE.

The stock opened at Rs. 1921.25 and fluctuated between a high of Rs. 1930.30 and a low of Rs. 1910.80. A total of 60,918 shares have changed hands so far.

This BSE 'A' group stock, with a face value of Rs. 5, reached its 52-week high of Rs. 1975.05 on September 2, 2024, and a 52-week low of Rs. 1352.00 on November 1, 2023. In the past week, the stock's high and low were Rs. 1935.90 and Rs. 1885.05, respectively. The company's market capitalization currently stands at Rs. 7,94,303.36 crore.

The company's shareholding pattern includes 14.61% held by promoters, while institutions and non-institutional investors own 70.22% and 15.17%, respectively.

Infosys has partnered with Clearstream, the post-trade services unit of Deutsche Börse, a global exchange organization and market infrastructure provider. This collaboration was crucial in the successful Generation 2 launch of Clearstream's D7 platform, a cutting-edge digital post-trade system for the issuance of digital securities.

Infosys played a pivotal role in the end-to-end implementation, customization, and deployment of the platform, providing go-live and post-launch support. The D7 platform lays the groundwork for institutional-grade digital asset infrastructure, paving the way for asset tokenization and the expansion of digital assets.

Infosys is a global leader in digital services and consulting.