Friday 29 December 2017

Astron Paper makes stellar debut on NSE; Stock rise


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Astron Paper & Board Mill Limited made a strong debut and was locked in upper circuit at Rs.120.75, up 141 percent against its issue price of Rs 50 per share on the NSE, while on the BSE, it froze at Rs. 120.  The company listed at Rs. 115 on the NSE and at Rs. 114 on the BSE. A combined 6.11 million shares changed hands and there were pending buy-orders for 3,15,927 shares on the NSE and BSE.
Last week, the company’s IPO to raise up to Rs 70.00 cr, got subscribed by over 243 times as at the end of last day of bidding, backed by stellar demand across categories. The issue received bids figuring to 340.6 cr, shares as against the size of 1.4 cr, shares implying subscription of 243.29 times.

The retail investors bid for a total of 36.27 cr, shares. Non Institutional category witnessed the highest demand, as investors bid for a total of 290.3 cr, shares as against 73.15 lakh shares reserved for them implying a subscription of nearly 400 times.

Thursday 28 December 2017

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Markets regulator SEBI on Thursday allowed all exchanges to provide trading in stocks and commodities from October 2018. NSE and BSE Stock exchanges can now launch commodity products on their platforms.  It has also decided to put a 10% cross-shareholding cap in MFs.
The new step may have an impact on the shareholding pattern of UTI Asset Management Co (AMC), requiring its promoters to lower their stake to 10% or below in next one year.

State Bank of India, Punjab National Bank, Bank of Baroda and LIC of India are having their own mutual funds together holding 18.24% stake each in UTI Asset Management Company.

The regulator has decided that any shareholder owning at least 10% stake in an AMC will not be allowed to have 10% or more stake in another mutual fund house operating in the country.  The move enables in strengthening the governance structure for mutual funds and helps avoid any conflict of interest.

Besides, Sebi has also decided to emerge with a fresh consultation paper on Investment Advisor so as to segregate advisory and the role of a distributor.


Indiabulls Housing Finance raises Rs 895 crore through NCDs

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India’s second largest private housing finance company,  Indiabulls Housing Finance Limited has allotted its II-tranche of Secured, Redeemable, NCDS (Non-Convertible Debentures ) of face value Rs 10,00 lakh each aggregating to Rs. 895.00 crore on Dec 27, 2017. The NCDs will be listed on both the NSE and BSE. 

Shares of Indiabulls Housing Finance ended at Rs. 1207.80, up by 15.15 points or 1.27% on the NSE, on Thursday’s closing.


India-bulls Housing Finance Limited is the II-nd largest private housing finance company in India, regulated by the National Housing Bank (NHB).

Wednesday 27 December 2017

Canara Bank goes on equity capital raising plan

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Shares of Canara Bank rose 0.9% to Rs 377.90 on BSE in the morning hours after it has announced that the bank approved raising additional equity share capital.

The state-owned Canara Bank has announced that it has approved raising additional equity share capital of Rs 90 crore QIP route, by issuing up to 9.00 crore equity shares of face value Rs. 10.00 each.

The net profit Canara Bank's fell 27.1% to Rs 260.18 crore on 1.6% fall in total income to Rs 11,994.64 crore in Q2 Sep 2017 Y-o-Y.


The Govt of India held 66.3 percent stake in Canara Bank according to the shareholding pattern as at 30 Sept 2017.

Tuesday 26 December 2017

L&T bags orders worth Rs.3355 CR.


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Larsen & Toubro Limited (L&T) on Tuesday announced that its buildings and factories buz of L&T construction has obtained orders valued Rs 3,355 crore.

The orders comprise design & construction of India Int. Convention & Expo Centre (IICC) in the national capital.

The business also bagged a contract to construct a major retail development in Navi Mumbai for IKEA. The construction for the proposed expansion will commence in early 2018, the company said.

Shares of the L&T were trading at Rs 1,265.45 apiece, down 0.09%, from the previous close on BSE.

Friday 22 December 2017

Infosys share price hits over 1-year high; on joining HPE-Cloud28+community's vast network

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Shares of IT major Infosys Limited rose 2.23% to Rs 1,044.80 on Friday, its highest since October 20, 2016. The stock broke above a resistance at Rs 1,020, the 38.2% Fibonacci retracement level of the downtrend from June 3, 2016, high of Rs 1,279.3 to August 22, 2017 low of Rs 860.

Infosys has joined Hewlett Packard Enterprise (HPE)-driven Cloud28 plus community & digital platform. By leveraging the Cloud28+community's vast network of service providers, Skava (the wholly-owned subsidiary of Infosys) aims to expand its market presence in countries where business and regulatory considerations call for private & hybrid cloud deployments working with local partners.

Some analysts have turned bullish on the stock in the last one month, with ‘strong buy’ recommendations rising by two to 11 and ‘buy’ ratings by one to 11. The stock has 17 ‘hold’ recommendations, seven ‘sell’ and one ‘strong sell’.


Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

Thursday 21 December 2017

Lodha Developers intends to raise USD 1 billion via IPO

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Realty major Lodha Developers is looking to raise up to One billion dollars through an initial public offering (IPO) that is expected to be launched next year, as per reliable sources from the company. The company has hired Citic CLSA, Kotak & Morgan Stanley for the IPO, and it is further expected that more banks likely to join the syndicate

Lodha Group has more than 30 real estate projects in London, Mumbai, Pune and Hyderabad covering over 40 million sq. ft of area. It has a land bank of 350 million sq. ft for future development.  The company group has achieved sales bookings of nearly Rs.8500 cr, last year from both domestic market and London.

The BSE Realty Index is up 97% since the start of the year.

Wednesday 20 December 2017

HDFC Bank approves Rs.24,000 Cr from share sale

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The top Indian banking and financial services company HDFC Bank today approved a mega-fundraising plan of Rs 24,000 crore to fund its expansion, by selling shares to domestic & international investors including a preferential issue to its parent company HDFC Ltd.

The fundraising plan of HDFC Bank was declared subsequent on its parent company Housing Dev Finance Corpn said that it has approved to raise Rs 13,000 cr, for its fundraising plans.


HDFC Bank said that out of the total sum of Rs 24,000 crore, an amount of Rs 8,500 shall be through the issuance of equity shares, of face value of Rs.2/equity share. The balance amount left after HDFC’s infusion will be raised through the issuance of equity share/ convertible securities/ qualified institutional placement/ American Depository Receipt/ Global Depository Receipt and so on. Following the announcement, shares of HDFC Bank hit an all-time high of Rs 1,905, rising 1.05%.

Tuesday 19 December 2017

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Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

Housing Development Finance Corporation Limited (HDFC) said on Tuesday that company will raise Rs 13,000 cr to infuse capital into its banking arm HDFC Bank Ltd., by selling shares mainly to subscribe to a preferential issue.  Upto Rs. 8500 cr of the funds raised will be utilized to subscribe to the preferential allotment. The mortgage lender is also considering the acquisition and resolution of stressed assets in the country’s real estate sector.


Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

Monday 18 December 2017

Top companies that contribute market-cap gain in 2017

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Reliance IndustriesHDFC Bank Ltd, Maruti Suzuki (India)Ltd, Hindustan Unilever Ltd and Bharti Airtel Ltd are recognized as the top five companies that have contributed more than half of the gain in market capitalization (M-cap) recorded by S&P BSE Sensex companies so far in the calendar year 2017. The S&P BSE Sensex ended at 33,463 on Friday, and has rallied 26 percent or 6,836 points so far in 2017. By comparison, these five stocks surged between 56% and 72% during the period.  Total M-cap of Sensex companies increased by Rs 11.49 lakh crore to Rs 58.16 lakh crore. Of these gain, the aforesaid five companies accounted for 63%, or Rs 7.18 lakh crore gain during the period.

Saturday 16 December 2017

ICICI Securities Ltd files DRHP for IPO

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Capital market company, ICICI Securities Limited, a subsidiary of private sector lender ICICI Bank, has filed a DRHP with the market regulator Sebi for an Initial Public Offering (IPO) to raise an estimated Rs 3,000 – 4,000 cr.

The issue constitutes a public offer of up to 6.44 cr  equity shares with a face value of Rs. 5.00 each, representing about 20% of the company’s equity capital. The offer includes reservation of upto 32.21 lakh shares for individual investors and Hindu Undivided Family (HUF) and shareholders of ICICI Bank.


The ICICI Bank Board, on Nov 7 had approved the sale of a part of its shareholding in ICICI Securities.  The bankers to manage the issues include Citigroup Global Markets, CLSA, BoAML, Edelweiss Financial Services and IIFL Holdings. 

Friday 15 December 2017

Yes Bank included in S&P BSE Sensex from Monday

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Yes Bank Limited will be included the list of 30-most tracked stocks S&P BSE Sensex with effect from 18-December 2017,  Yes Bank stated in a regulatory filing.

The S&P BSE Sensex is the most tracked bellwether index of India Stock Market. It is designed to gauge the performance of the 30-largest, most liquid and financially sound companies across key sectors of the Indian economy that are listed at BSE Limited.

Shares of Yes Bank Limited closed 3.98% up at Rs. 316.05 on BSE, while the Sensex ended 216.27 points higher at 33,462.97.

Rupee climbs to 64.11 on exit poll findings win for BJP in Gujarat, Himachal Pradesh

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According to the exit poll findings released yesterday, the BJP is set to keep up Gujarat and Himachal Pradesh from the Congress. This led to zoom the stock market to a great extent, impacting in turn the rupee sentiment.
The dollar lost some influence against the euro after the ECB left its policy rates and stimulus measures unharmed. The Bank of England also retained key interest rates unchanged.
The Indian currency jumped by 23 paise to 64.11, whereas bond yields edged lower in the morning after the exit polls indicated the country's ruling alliance would triumph elections in Modi’s home state but caution remained ahead of the actual results.
The benchmark Ten-year bond yield was down 1 bps at 7.12%, while the partially convertible rupee was at 64.15/dollar, with reference to its previous close of 64.34.

Meantime, in the opening stock trade Friday, the BSE Sensex barometer shot up 358.11 points to 33,605.11 while the NSE Nifty soared 110.20 points to 10,362.30.

Thursday 14 December 2017

Money Maker Research Pvt. Ltd.(Investment Advisor), Top Stock Advisory: Shalby Shares to list shares tomorrow

Money Maker Research Pvt. Ltd.(Investment Advisor), Top Stock Advisory: Shalby Shares to list shares tomorrow: Multi-specialty hospital chain Shalby Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE and BSE exchang...

Shalby Shares to list shares tomorrow

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Multi-specialty hospital chain Shalby Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE and BSE exchanges tomorrow, 15 December 2017. The initial offer, which opened for subscription from Dec 5 to 7, was subscribed 2.8 times at a price band of Rs 245 - 248 per share.  The portion reserved for qualified institutional buyers (QIBs) were subscribed 4.47 times, HNI 43%, retail investors 2.97 times and employees 1.43 times. The IPO included a fresh issue of shares aggregating up to Rs. 480 crore and an offer for sale of up to 10.00 lakh equities.

M&M heads higher after unit sells part stake in CIE Automotive

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Shares of Mahindra & Mahindra (M&M) rose 0.88 percent to Rs 1,425 at mid noon hours on BSE after the company said that its wholly owned subsidiary MOICML (Mahindra Overseas Investment Company-Mauritius) on 13 Dec 2017, sold 64.50 lakh shares, representing 5 percent of the share capital of CIE Automotive S.A. The average gross price was Euro 23.50/ share. The deal totaled Euro 151.58 million. Following the sale, MOICML's shareholding in CIE Automotive-SA would come down to 7.44% of its share capital. The transaction will facilitate diversification of investor base of CIE Automotive S.A.

Mahindra & Mahindra's net profit rose 24.8% to Rs 1,331.57 crore on 14 percent rise in net sales to Rs. 12,182.07 crore in Q2 Sept 2017 Year-on-Year.  Mahindra & Mahindra enjoys a leadership position in tractors and utility vehicles in India.

Wednesday 13 December 2017

MCX seeks Sebi nod for schemes to boost gold options volume

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The Multi Commodity Exchange (MCX) has sought approval from the market regulator Sebi for introducing liquidity enhancement schemes for its recently launched gold options contracts.
MCX’s gold options contracts daily average turnover declined to Rs. 130 crore in Nov as against Rs 297 crore in Oct. The daily average turnover of gold futures contracts on the MCX was Rs. 2054 cr, and Rs 2297 in October and November, respectively. 
The ratio of gold options contracts to gold futures contracts slipped to less than 3.5%, by volume, in Dec from over 14% in October. Prior to the launch of the gold options contract, market players were hoping volumes in this section would rise to at least two times those of gold futures contracts. 
The Sebi has particular guidelines for certain volumes in the existing Gold-options contracts before allowing contracts of smaller denominations. As per sources, MCX was likely to engage jewellers and organize awareness programmes to enlarge volumes in gold-options contracts. 


Tuesday 12 December 2017

Sensex falls 100 points, Nifty below 10,300 ahead of WPI data


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Benchmark indices were trading lower on Tuesday ahead of key inflation data. The BSE Sensex is trading lower by 125 points at 33,330.76, while the NSE Nifty50 falls 49.15 points to 10,273.10 in the later morning hours. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.
Shares of Dr Reddy’s rose 5% to Rs. 2,287.85 after the company said the US FDA issued an Establishment Inspection Report for the company’s plant-3 in Hyderabad.
Tata Motors Limited has said that the company will be increasing prices of its whole passenger vehicles ranging by upto Rs.25,000, starting Jan 2018, as per the BSE filing.
L&T InfoTech Limited completes acquisition of 100% stake in banking solution provider Syncordis-SA.
Asian stocks edged up, extending their recent gains after US stocks hit fresh records Friday. Major indices are up gradually with Nikkei 225 hitting a 26-year high.
Rupee: The Indian rupee was trading at 64.44 per dollar, down 0.11 percent from its last close of 64.37. It opened at 64.46 per dollar on Tuesday.
Gold: COMEX Gold is currently quoting at USD 1251.60, up marginally on the day. MCX Gold futures are being traded at Rs 28,470 per 10 grams, down 0.22 percent on the day.


Monday 11 December 2017

Unitech shares rise 20% as NCLT allows govt to appoint 10 directors


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Shares of Unitech Limited rose 20 percent in morning trade Monday, after the NCLT authorized the government to appoint its 10 nominees on the board of the realty firm. 

Shares of Unitech Limited opened on a bullish note today at Rs 8.40, and subsequently rose to a high of Rs 8.70, clocking a jump of 19.34 percent over its previous closing price on the BSE. Similar progress was also registered on the NSE, where the stock opened at Rs. 8.40 and touched a high of Rs 8.70, up by 19.47 percent over its last close.


The NCLT (National Co. Law Tribunal) on Friday dismissed the board of Unitech Limited while hearing the central govt’s plea to take control of the real estate company and directed the ministry of corporate affairs to nominate ten directors to the board.

Saturday 9 December 2017

Share and Stock Market tips- Weekly stock Watch

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The BSE Sensex rebound 417.36 pts for the week to reclaim 33-K level to finish at 33,250.30, while the NSE Nifty ended above the key 10,250 level to conclude at 10,265.65 on the week ended Friday, 8 December 2017.

 The week started with a caution due to 2-day RBI monetary policy meet together with the first phase of Assembly elections in Gujarat. Further, RBIs status-quo in policy rate and inflationary concerns affected the sentiments of investors. Bulls continued buying by domestic funds and retail investors ahead of first phase of Assembly elections in Gujarat, which is PM Modi’s home state.

The Sensex kicked off the week higher at 33,968 levels and hovered between 33,285 and 32,565 marks before ending the week at 33,250.30, showing a gain of 417.36, or 1.27%. The Nifty also carried on the week higher at 10,175.05 and traded at 10,270.85 & 10,033.35 ranges to finish at 10,265.65, showing a rally of 143.85 points, or 1.42%.

Buying momentum picked up in sectors such as Consumer Durables, FMCG, O&G, Teck, Auto, Realty, IT, HealthCare, PSUs, Metal, Banks, Capital Goods and Power. Consumer durable sectors jumped by 2.72%, FMCG 2.70%, O&G 2.68%, teck 2.61%, IT 2.05%, auto 1.48%, realty 1.36%, healthcare 1.21%, metal 0.76%, capital goods 0.74%, and power 0.26%.


Bharti Airtel jumped 8.02%, followed by HUL 5.21%, Maruti 5.03%, Infosys 4.49%, Tata Motors 2.98%, ITC 2.51%, Tata Steel 2.37%, Tata Motors DVR 2.14 %, ICICI Bank 1.74% and Axis Bank 1.66%. However, Coal India fell by 2.75%, followed by Hero MotoCorp 2.60%, Wipro 2.14%, Dr Reddy 2.03 %, M&M 1.44 % and TCS 1.12%.

Friday 8 December 2017

M&M Financial Services raises Rs1,056 Cr, via QIP


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Mahindra & Mahindra Financial Services Limited has raised Rs 1056 cr, through a qualified institutional placement (QIP) issue.

The company in its BSE filing reads:- The securities issue committee of the board of the directors of Mahindra & Mahindra Financial Services Limited has approved the allotment of 2,40,00,000 equity shares of face value of Rs.2.00 each to qualified institutional buyers under the qualified institutions placement (QIP) at the issue price of Rs.440/- per equity share aggregating Rs. 1,056 cr.” The qualified institutional placement opened on Nov 30 and closed on Dec 5.

Shares of Mahindra & Mahindra Financial Services on Thursday rose 2.74 percent to Rs. 456.20 on the BSE while the benchmark Sensex surged 1.08 percent points to end the day at 32,949.21 points.

Thursday 7 December 2017

Bharti Airtel adds over Rs 10,000 crore in market cap

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Shares of Bharti Airtel advanced more than 7% in the late afternoon trades on Thursday. Following the massive surge in the stock prices of Bharti Airtel, it topped in Sensex and Nifty constitutes, simultaneously. The stock of Bharti Airtel gained at 7.11% to Rs 518.4 on BSE whereas it spiked 7.24% to Rs 518.5 on NSE.

With a huge surge in the share prices of Bharti Airtel, the market capitalization (M-Cap) of the company got an admiration of Rs 13,771.04 crore to Rs 2,07,225.22 crore from Rs 1,93,454.18 a day earlier. Shares of Bharti Airtel settled up 6.94% at Rs 517.00 on NSE, on closing today.

Meantime, the key benchmark Sensex & Nifty opened almost unchanged in green but soon extended the gains on Thursday on the back of value buying after an eight-day negation which led the key benchmark indices to drop by 3 percent. On closing, BSE Sensex jumped 352.03 points or 1.08% at 32,949.21 45 while NSE Nifty edged up 122.60 points or 1.22% to 10,166.70.

Gold declines below Rs. 30-K-mark on weak global cues

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Gold prices slips below the Rs. 30,000-mark on Thursday, going down  by Rs. 100 to trade at over 3-month low of Rs. 29,950 per 10 grams at the bullion market on account of  a weak trend overseas along with muted demand from local jewelers. Similarly, price of Silver also plunged Rs. 375 to Rs. 38,125 per kg owing to reduced off-take by industrial units and coin makers. Globally, the rates of gold fell 0.45 percent to USD 1,257.10 an ounce and silver by 0.31 percent to USD 15.87 an ounce in Singapore.

In New Delhi, gold of 99.9% & 99.5% purity declined by Rs. 100 each to Rs. 29,950 and Rs. 29,800 per 10 grams, each. The yellow metal had lost Rs. 200 on Wednesday, while Sovereign followed suit and fell by Rs. 100 to Rs. 24,400 per piece of 8 grams.

Silver ready dropped by Rs. 375 to Rs. 38,125/ kg and weekly-based delivery by Rs. 440 to Rs. 37,335/kg.  Silver coins also dipped by Rs. 1,000 at Rs. 71,000 for buying and Rs. 72,000 for selling of 100 pieces.

Wednesday 6 December 2017

RBI keeps key policy rate unchanged at 6%

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The Reserve Bank of India (RBI) monetary policy committee (MPC) on Wednesday kept the repo rate unchanged at its 5th bimonthly MPC meeting, given the warning over rising inflation.

The result was along the lines of the majority of market expectation, which anticipated the RBI to keep the key repo rate (the rate at which it infuses liquidity in the banking system) unchanged at 6 percent.

In the preceding meeting in October, the RBI had maintained status quo on rates. Since then, inflation based on the consumer price index (CPI) has grown to 3.58 percent, the fastest pace in 7 months, owing rising food and fuel prices.


Future Supply Chain raises Rs. 195 cr, from anchor investors::

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Future Group’s logistics arm Future Supply Chain Solutions has announced that it has garnered Rs. 195 crore ahead of its IPO that opens on Wednesday.
The IPO clocked allocation of over 29.35 lakh equity shares to 16 anchor investors at Rs. 664 share apiece, the upper end of the price band of Rs. 660-664. The Anchor investors consist of HDFC Trustee Company., Reliance Capital Trustee Company Ltd, L&T M.F and IDFC M.F.
The IPO is a combine of fresh issuance of shares by promoters Future Enterprises Ltd, which will lead to a dilution of 4.43% of their stake, and an  OFS by private equity investor Griffin Partners aggregating to 20% of equity.
Future Supply Chain Solutions Limited (FSC) is an Indian supply chain and logistics company catering to corporates in various domains such as Food and FMCG; Apparels, Footwear and Accessories; Home and Furniture, Automotive, Pharma and Light Engineering and much more.

Tuesday 5 December 2017

NSE May Refile IPO Papers with Sebi

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The National Stock Exchange (NSE) is expected to file fresh draft red herring prospectus (DRHP) with markets regulator Sebi to float an initial public offering (IPO) after getting clarity on the co-location matter.   However, the preliminary IPO papers, which has been filed with Sebi in December last year, will remain open, the exchange said.

The Initial Public Offering of NSE is being eagerly awaited in the market as one of the largest in recent times, which is having an estimated size of over Rs. 10,000 crore. Bombay Stock Exchange (BSE) also got listed in February month. The regulatory authorities stated the exchange will have to file fresh DRHPs as issues related to co-location case have held up regulatory go-ahead for its earlier proposal and Sebi wants greater disclosure about the matter in the draft red herring prospectus (DRHP).


The regulatory authorities said the exchange will have to file fresh draft herring papers as issues concerning to the algorithmic trading case have held up regulatory approval for its earlier proposal and the regulator wants greater disclosure about the matter in the DRHP.

Monday 4 December 2017

Sensex snaps Four-day drop on value buying

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The key benchmark indices Sensex, Nifty settled with small gains on first trading session of the week after seeing volatility in intraday trade. The Sensex rose 36.78 points to end at 32,869.72 on value-buying in IT, teck, metal and healthcare stocks. The Nifty of National Stock Exchange inched up 5.95 points, or 0.06%, to 10,127.75 points

A highly volatile trading was seen all through the session ahead of RBI's monetary policy review and Gujarat elections later this week. The RBI is scheduled to announce the fifth bi-monthly policy of the current fiscal on Dec 6.

After a strong pick up at 32,968.02, the benchmark index Sensex reclaimed the 33,000-level to hit a high of 33,008.62 points, but profit- booking at high levels capped the gains and it finally settled at 32,869.72, up 36.78 points, or 0.11%.


The gauge had tanked 891.50 points in the proceeding four sessions as upbeat Q2 GDP numbers failed to dispel concerns over a widening fiscal deficit.

FIIs invested USD 3 billion in equities in November

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Foreign institutional investors (FIIs) invested three billion dollars in Indian equities in November, which marks as the highest since March. The net November Foreign investor’s investment of USD 3.05 billion is the highest since the USD 5.1 billion in March. Their net investment so far this year stands at USD 8.86 billion.  This jump is attributed on the recapitalization of banks coupled with, global risk-on trade.

On 24 October, the govt announced a Rs. 2.11 trillion bank recapitalization plan for state-run lenders weighed down by bad loans, seeking to motivate the flow of credit.

Foreign institutional investment is used commonly in India to refer to outside companies investing in Indian financial markets.

Saturday 2 December 2017

Reliance Power Limited inks accord for USD1 billion power projects in Bangladesh

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Reliance Power Limited, the part of the Reliance Anil Dhirubhai Ambani Group, has announced that it has signed an agreement to execute first phase of a USD 1 billion power project, which consists of 750 MW combined cycle gas-based power plant, in Bangladesh.   The company also announced that the project entails an investment outlay of over USD 1 billion, which is also the largest foreign direct investment in Bangladesh. 

On Friday, shares of Reliance Power Ltd closed at Rs 37.45, down Rs 0.55, or 1.45% on the NSE. The scrip opened at Rs 38.80 and touched a high of Rs 38.80 and a low 37.30. The stock attracted a traded volume of 29,78,171 shares on National Stock Exchange.

Reliance Power Limited is India's leading private sector power generation and coal resources Company. The company has the biggest portfolio of power projects in the private sector, based on coal, gas, hydro & renewable energy, with an operating capacity of 5,945 megawatts.



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