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Life Insurance Corporation of India (LIC) has curtailed its holdings in Tata group firms, dreading that a potentially long legal battle between Tata Sons Ltd and its ousted chairman Cyrus P. Mistry will reduce its investments. Foreign portfolio investors (FPIs) and mutual funds have been more buoyant, with the latter growing their ownership in 12 Tata group firms and cutting their stake in seven.

The Story:

Twenty-seven Tata group firms are listed. In the December quarter, state-run LIC, India’s biggest investor, cut its stakes in seven out of the 11 Tata group firms it owns stakes in.

Stock View of Tata Group:

Vedanta India share price touched a new 52 week high of Rs 261.80 today.

Vedanta Resources, the London-based mining and Metals Company led by billionaire Anil Agarwal, has raised US$ 1 billion by selling bonds to refinance its near-term debt obligations.

The new bonds were sold at a coupon of 6.375 per cent and will mature in the year 2022, said two people familiar with the development.

The company has used these proceeds to buy back through a tender offer part of two series of bonds maturing in 2018 and 2019. It has bought back close to US$ 800 million worth of these bonds.

Tata Metaliks is one of the leading manufacturers of foundry grade pig iron in the nation. TML, a subsidiary of Tata Steel, has its manufacturing plant at Kharagpur, in West Bengal, with an annual production capacity of 345,000 tons of pig iron and turnover of 10.38 billion rupees in 2015-16.

Meanwhile, Tata Metaliks share price traded above 5 per cent on the NSE in the afternoon trade today despite decline in Q3 profit.

Tata Metaliks is analyzed by Dynamic Levels Research and stock analysts as among the multibagger stocks filtered out of the 1700 scrips listed on the National Stock Exchange (NSE).

Mercator Ltd. key Products/Revenue Segments are Demurrage which contributes Rs 291.21 Cr to Sales Value (49.49 per cent of Total Sales), Freight & Demurrage which contributed Rs 291.21 Cr to Sales Value (49.49 per cent of Total Sales), Charter Hire which contributed Rs 265.39 Cr to Sales Value (45.11 per cent of Total Sales) and Cargo Income which contributed Rs 31.71 Cr to Sales Value (5.38 per cent of Total Sales) for the year ending 31st Mar 2016.

Stock View:

Mercator share price opened at Rs 44.90, up by Rs 1.95 or 4.33% from its previous closing of Rs 45.05 on the NSE. The scrip is trading at Rs. 47 and touched a high and low of Rs 48 and Rs 43.50 respectively. A total of 1,72,99,059 shares are traded on the counter. The current market cap of the company is Rs 1103.24 (Cr). The stock has a face value Rs 1 touched a 52 week high of Rs 54.60 on 06-Sep-2016 and a 52 week low of Rs 16 on 12-Feb-2016.  

According to some sources in the company, the pay hike this year might not be even as much as 25 per cent — the rate of increase which took place five years ago. Following the last salary revision in the year 2011, Coal India’s annual salary bill was raised by Rs 5,000 crores.

As many as 265,876 workmen, 18,213 executives along with 30,817 supervisors of the company await the hike.

Officials are worried as the average price realization from coal sales has taken a hit by six per cent, at Rs 1,344 a tonnes. Even e-auction prices, compared to the previous year, are down by 27 per cent which has led to about Rs 1,000-crores decline in income.

In accordance with Sudip Ghose, vice-president, sales and marketing, VIP Industries, the organized segment in the luggage industry in India is worth about Rs 2,500-3,000 cr, while the organized market is thrice as much in size. He explains that the demonetisation of old Rs. 500 and Rs. 1,000 currency notes last November has led to a situation where the price gap between branded and unbranded products has narrowed. The unorganized players are dependent on the parallel economy, whereas post-demonetisation cash flow has suffered which in turn has impacted their business. He said that they had been thinking of relaunching Aristocrat. And they felt this was the right time to rebrand and get celebrities on board. It’s already been a great brand. It just needed a revamping to assure people that it’s still modern, he added.

Meanwhile, towards the end of day, VIP Industries share price was trading close to 6 per cent intraday on the National Stock Exchange (NSE).

The company has a market share of 55 to 58%. Albeit competition from foreign brands such as the American giant Samsonite has challenged the dominance of the decades-old firm, VIP has managed to regain its toehold.

Balkrishna Industries share price flared up 6 per cent intraday to make a high of Rs 1210 on the NSE on the back of heavy volumes. The scrip of tyre manufacturer is trading close to its record high of Rs 1,280 touched on 2nd December, 2016 in intraday after it posted a robust set of results for the quarter ended September 2016 (Q2FY17). Balkrishna Industries had posted more than double its net profit at Rs 243 cr in Q2FY17 against Rs 106 cr in the same period last year. EBITDA or earnings before interest, tax, depreciation and amortization margin expanded 130 basis points to 32.5 per cent compared to 31.2 per cent last year.

In H1FY17 (April-September), the company had recorded a volume growth at 16 per cent year on year to 85,855 MT. The company expects volume growth to increase to 160-170k in FY17 owing to strong demand from across geography and rising utilization level of Bhuj plant.

Analysts said in a quarterly preview that on the back of the strong 21 per cent volume growth posted in Q2FY17, they expect growth volume growth to be around 17 per cent this quarter. Margins are expected to moderate given the rise in rubber prices.

Somany Ceramics has captured the memories of millions of customers by creating trends in home interior design. It has brought about an unprecedented change in the lives of people by consistently evolving with the Indian market. The services of the company ranges from implementing the newest in technological brilliance, to a steadfast practice of lateral thought and trend-setting tenets, to pioneering several first in design and style for consumers. Somany Ceramics determined pursuit of delivering excellence has placed its brand in an illustrious bracket. It was Late Shri H. L. Somany’s vision that propelled the company to emerge as an unchallenged leader in the Indian tiles sector.

For the nine month period ended 31st December 31, the company said it sold a total of 1,154,164 vehicles, a growth of 8 per cent. Out of this, exports stood at 92,291 units.

On the other hand, having launched the Maruti Suzuki Vitara Brezza in March 2016, the country's largest carmaker has managed to garner over two lakh bookings for its sub-compact SUV in a period of just 11 months. Entering into a relatively newer segment was a bold move by Maruti and that decision has certainly paid well. In November, 2016 itself, the bookings for the Vitara Brezza had crossed 1.72 lakh units.

At 9.35 AM today Maruti share price was trading at Rs 5,866.10, 1.10 per cent or 63.55 points.

The relevant date for the purpose of calculating the price of warrant to be issued in terms hereof shall be 22nd January, 2017, being 30 days prior to the date of the Extraordinary General Meeting scheduled to be held on 22nd February, 2017, the company further added.

At 1.25 PM Infibeam share price was seen trading at Rs 1,282.00, up by 11.54 per cent or 132.65 points. A total of 5,61,302 shares of the company have been traded on NSE for a total value of Rs 7,163.79 lacs. The 20 days average daily trading volume of Infibeam shares is 3,38,212.

The PAT for the quarter came in at Rs 54.42 crores, increasing from Rs 34.46 crores for the same quarter of the previous year.

Company registered highest ever order booking in a quarter of Rs 1,000 crore in the product business. The ROCE of the business stood at 22 per cent and ROE at 25 per cent.

The EPS for the quarter was Rs 1.23 showing a little drop from Rs 1.28 for the quarter ended 30th September 2016.

The consolidated net profit of the company for the quarter ended 31st December 2016 was Rs 49.12 crores.

Sterlite Technologies takes pride in enabling global transformations towards the digital age. With its offerings, Sterlite Technologies has positioned itself as an establisher of positive change in the society. Be it by changing living experiences through its high quality optical communication offerings or developing end-to-end future smart cities, Sterlite Tech ensures that its reason for existence is for the betterment of everyday experiences through futuristic data infrastructure technologies.

At 10.15 AM Welspun Corp share price was trading at Rs 83.85, up by 6.07 per cent or 4.80 points. The intraday low of the share is recorded as Rs 79.15. A total of 5,51,284 shares of the company have been traded on the counter of NSE for a total value of Rs 467.82 lacs. The Lower Price Band is 63.25 and the Upper Price Band is 94.85.

The total expense was up 8.49 per cent at Rs 792.25 cr as compared to Rs 730.23 cr last fiscal. Crompton's revenue from lighting product during Q3 of FY 2016-17 was up 4.67 per cent to Rs 284.40 cr as compared to Rs 271.71 cr, while electric consumer durables was up 12.29 per cent to Rs 604.52 cr as compared to Rs 538.34 cr. Crompton share price surged over 6 per cent intraday on the National Stock Exchange (NSE) today.

Datamatics which is a trusted partner to several Fortune 500 Companies is a global provider of Information Technology (IT), Engineering solutions (ES) and Business Process Outsourcing (BPO) services.

Once this news hit the market, Datamatics share price zoomed more than 6 per cent since this morning to make a new 52 week high of Rs 164.90 by breaking its previous high of Rs 160.55 touched on 18th January 2017. The 52 week low of the share is Rs 40.70 made on 29th February 2016. The share is trading at Rs 164.30, up by 6.62 per cent on NSE at 11.55 AM. It opened at Rs 154.40 from yesterday’s closing price of Rs 154.10. A total of 32,06,547 shares of the company have been traded on the counter of NSE for a total value of Rs 5,166.07 lacs. The 20 days daily average trading volume of Datamatics is 27,23,229.

Datamatics is seen as one of the top 500 shares by the research team of Dynamic Levels due to its massive trading volume.

As on December 31, fund based outstanding on the bank’s watch list slipped 20 per cent over the previous quarter and stood at Rs 11,091 crore. The watch list decreased to 2.8 per cent of customer assets in December quarter, from 3.5 per cent in the second quarter and 6.2 per cent as on March 31.

Net interest income (NII), the difference between interest earned from lending activities and interest paid to depositors, increased 4 per cent for the quarter to Rs 4,334 crore. Meanwhile, the bank reported net interest margin (NIM) of 3.43 per cent for the December quarter.

Axis Bank share price rallied nearly 10 per cent since 10 January. In intraday trade, the stock touched a high and low of Rs 461.40 and Rs. 452.65. The stock is trading at Rs. 456.55. Till now, around 1,04,38,073 shares are traded on the counter , showing a 1.29 times spurt in its volume.

Monnet Ispat share price shot up over 12 per cent in Thursday’s trade on reports that JSW Steel, along with Synergy Capital and Blackstone are in discussions with lenders for buying a controlling stake in the company, through the strategic debt restructuring (SDR) route.

According to a reliable source the three firms were the shortlisted investors and the final proposals were likely to be submitted by early February.

Following this news, the stocks of Monnet Ispat surged up by more than 12 per cent intraday on Thursday. However in Friday’s trading session the share was seen trading down by 4.47 per cent at 9.30 AM and was seen trading at Rs 26.70.

Suzlon Energy achieved the 10,000 megawatts (MW) cumulative wind energy installations in India (over 7,500 wind turbines installed pan-India). Suzlon's 10,000 MW of wind installation is able to power over 5 million households per annum and offsets approximately 21.5 million tonnes of Carbon Dioxide emission annually which is equivalent to planting over 1500 million trees. With cumulative wind energy installations of over 15,500 MW worldwide, Suzlon operates across 17 countries and has over 1700 customers across the globe. Suzlon is going to focus on continuous research and development (R&D)in order to harness technology and reduce cost of energy by increasing plant load factor (PLF) and making low wind sites viable.

On a consolidated basis, Suzlon Energy registered a net profit of Rs 237.62 crore in Q2 September 2016 as compared to the net loss of Rs 201.66 crore in Q2 September 2015. Net sales rose 57.30% to Rs 2746.18 crore in Q2 September 2016 over Q2 September 2015.