Aurobindo Pharma‬, ‪BSE‬‬

Live Sensex and Nifty coverage: Aurobindo increasing stakes in Tergene Biotech

Aurobindo increasing stakes in Tergene Biotech Pharma major, Aurobindo Pharma has announced that it will increase its stakes in Tergene Biotech from from 60% to 80% by subscribing additional 56,50,000 equity shares of Rs.10 each at par aggregating to Rs.5.65 crore. Tergene Biotech is a joint venture between the company and promoters of Tergene. The scrip is already up by 3% or 20.60 points at 704.25 a share.

Shares of Tata Motors are down by 6.89% or 28.70 points, the most in over 52 weeks after the automotive company posted its first quarter results. The scrip is at 

its 52 week low of 386.25, after its results failed to meet analyst expectations. Margins have declined to 8.5%, Jaguar Land Rover posted margins of 7.9% against analyst expectation of 12.5%. Net profit rose 25% to Rs 3182 crore on a year-on-year basis.

Nifty Services was down by 0.57%, but you could consider buying TeamLease Services according to HDFC Securities. Analysts at the brokerage house evaluated the stock to reach 1580 in the coming 12 months from its current price of 1422.10. The S&P BSE smallcap listed company has reported  good  numbers in its first quarter results for the month ending June 2017. Revenue stood at Rs 853crore up 4.4%  QoQ vi-a-vis previous estimates of of Rs 850 crore. The company's core business of staffing was up by 4.6% quarter on quarter, while IT staffing improved by 5.2%. An HDFC analyst's note suggests that tailwinds such as GST  and labor reforms, expansion of organised businesses to tier 2/3 cities, rising preference for organised staffing providers and government-driven skill development initiatives will drive nearly 20-30% CAGR in organised flexi-staffing in  the  next  four  to  five  years. The past two weeks have mostly seen petrol prices consistently hike, but Thursday, August 10, petrol prices fixed by oil marketing companies is off by Rs 2.70. The retail price in Delhi has been fixed at Rs 66.96, a big relief from the Rs 69.66 on Wednesday. Petrol rates across the country should hence be cheaper than today. Here is a chart of estimated prices across major cities. This is not an actual price-list as rates could differ at pumps within the same city. Diesel expensive by 3 paise on August 10 Diesel is costlier by 3 paise at Rs 56.81 per litre in Delhi, after oil marketing companies updated the daily price for Thursday, August 10. The retail price on Wednesday was fixed at Rs 56.78. These rates will appropriately reflect at pumps across the country. Here is an estimated rate for diesel at fuel outlets at major cities. This is not an actual price-list as rates could differ at pumps within the same city. Sify Editors @ 10:10 AM: The Sensex in the Red Taking a cue from global markets, the key Indian equity market indices on Thursday opened lower. The Sensitive Index of the BSE, which had closed at 31,797.84 points on Wednesday, opened lower at 31,750.73 points. Minutes into trading, it was quoting at 31,677.18 points, down by 120.66 points, or 0.38 per cent. At the National Stock Exchange , the broader 51-scrip Nifty, which had closed at 9,908.05 points, was quoting at 9,872.85 points, down by 35.20 points or 0.36 per cent. The key Indian equity indices had extended their losses for the third consecutive session to close on a subdued note on Wednesday as investors booked profits. According to market observers, sentiments were hampered by weak global markets on the back of geo-political tensions, coupled with heavy selling pressure in healthcare, automobile and banking stocks and outflow of foreign funds. Sify Editors @ 9:30 AM: India's Security and Intelligence Services shares rise on debut Shares in Security and Intelligence Services (India) Ltd rose as much as 8 percent on their market debut on Thursday after the company's $122 million initial public offering. Shares in the company were trading at 869 rupees at 0433 GMT, 6.63 percent higher than the IPO issue price of 815 rupees. The company provides private security and facility management services in India and Australia. It also provides cash logistics services, including automated teller machine cash replenishment.