IRB Infrastructure surges on getting letter of award for MSRDC'S project

BSE Code - 532947
Face Value - Rs 10.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 61.11%
                                   (b)Institutions - 29.17%
                                   (c)Non-Institutions - 9.72%
One year High-Low - Rs 275.50 - Rs 63.35
     IRB Infrastructure Developers has received the letter of award for the MSRDC’s project of Operation & Maintenance of Yashwantrao Chavan Expressway and Mumbai Pune section of NH-4 along with execution of additional works on Mumbai Pune section of NH-4, on DBFOT basis with toll rights in the state of Maharashtra.
     Total six bidders including the company participated in this International electronic competitive bidding process. The final offer of the Company for a concession period of 8 years 8 months and 2 days being the lowest amongst all the bidders has been accepted by MSRDC and thereby declared the company as selected bidder and issued the Letter of Award.
     IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
     Stock is currently trading at Rs 263.55, down by 2.40 points from its previous closing of Rs 265.95 on the BSE.

Punj Lloyd surges 10% on Rs 3515 crore order win

BSE Code - 532693
Face Value - Rs 2.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 37.16%
                                   (b)Institutions - 14.21%
                                  (c)Non-Institutions - 48.63%
One year High-Low - Rs 60.85 - Rs 21.90
     Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.
     Punj Lloyd Group, the global, diversified EPC giant has won Rs 3,515 crore RAPID Tank Farm order from PRPC Refinery and Cracker Sdn. Bhd,  a subsidiary under the Potroliam Nasional Borhad (PETRONAS) group, Malaysia’s national energy company.
     The Tank Farm is part of PETRONAS’ Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, Malaysia. Developed within a 6,242-acre site, RAPID is part of the colossal PETRONAS Pengerang Integrated Complex (PIC) development, along with RAPID's associated facilities including the Pengerang Co-generation Plant (PCP), Re-gasification Terminal 2 (RGT2), Air Separation Unit (ASU), Raw Water Supply Project (PAMER), Crude and Product Tanks (SPV2) and central and shared Utilities and Facilities (UF).
     Punj Lloyd’s scope of work in the RAPID Tank Farm project includes Project Management, design, engineering, interface with other contractors and third parties, procurement, construction, inspection and testing, pre-commissioning and commissioning. The RAPID Tank Farm will be a critical project requiring expertise in the construction of different types of tanks including storage tanks, LPG tanks, mounded bullets, Light Cracked Naphtha storage, transfer pumps and additive packages.
     Stock is currently trading at Rs 40.60, up by 3.65 points from its previous closing of Rs 36.95 on the BSE.

Infosys rallies on five-year service contract win from BP to provide IT services

BSE Code - 500209
Face Value - Rs 5.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 15.94%
                                  (b)Insitutions - 55.66%
                                  (c)Non-Institutions - 12.23%
One year High-Low - Rs 3847.20 - RS 2894.00
     Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.
     Infosys, a global leader in consulting, technology and outsourcing solutions, has been selected by BP to provide IT services, in particular Application Support and Development to BP. Infosys was chosen to support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations.
     The agreement, which is effective from September 1, 2014, will provide IT services (in particular Application Support and Development) across BP’s operations, including corporate functions, upstream and downstream segments, energy trading and marketing. The agreement’s geographical scope includes BP’s main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.
     Stock is currently trading at Rs 3732.95, up by 24.90 points from its previous closing of Rs 3708.05 on the BSE.
     

Tech Mahindra hits fresh 52-week high on order win from Bombardier

BSE Code - 532755
Face Value - Rs 10.00
Group - BSE 'A'
Shareholding pattern -(a)Promoters - 36.15%
                                  (b)Institutions - 49.88%
                                  (c)Non-Institutions - 13.97%
One year High-Low - Rs 2521.80 - Rs 1259.40
     Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions. It is a $3.2 billion company with 92,000+ professionals across 51 countries. It provides services to 632 global customers including Fortune 500 companies.
     Tech Mahindra, specialist in digital transformation, consulting and business re-engineering has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.
     Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montréal region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.
     Currenlty stock trading at Rs 2476.80, up by 11.95 points from its previous closing of Rs 2465.85 on the BSE.

Tata Motors rallies on order win under JNNURM scheme

BSE Code - 500570
Face Value - Rs 2.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 34.33%
                                  (b)Institutions - 44.42%
                                   (c)Non-Institutions - 7.25%
One year High-Low - Rs 531 - Rs 295.50
     Tata Motors, India’s largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world’s fourth largest truck and bus manufacturer.
     Tata Motors has bagged orders for over 2,700 ‘urban’ buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme. These contracts include order from Karnataka State Road Transport Corporation (KSRTC) to supply 487 buses and another for 780 buses from HRTC (Himachal Road Transport Corporation) for Tata Marcopolo built buses.
     With these orders, Tata Motors reinforces its position as a leading partner to state transportation corporations, in providing them with the right product and service solutions, enabling them to create and maintain a sustainable public transportation system.
     Current stock price is Rs 522.65, up by 6.25 points from its previous closing of Rs 516.40 on the BSE.

Unitech to sell non-core lands to cut debt; stock up

BSE Code - 507878
Face Value - Rs 2.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 47.81%
                                   (b)Institutions - 30.83%
                                   (c)Non-Institutions - 21.36%
One year High-Low -Rs 38.60 - Rs 10.86
     Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.
      In a bid to reduce debt by 15-20% and improve cash-flows for faster execution of ongoing projects, real estate firm Unitech is planning to sell non-core land. At present, the company has over 100 ongoing projects, totaling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the end of the first quarter of this fiscal.
     Earlier in June, Unitech had sold its 40% stake each in four IT SEZ projects for over Rs 1,300 crore to Canada’s Brookfield Asset Management.
     Current price of stock is Rs 24.10, up by 0.10 points from its previous closing of Rs 23.90 on the BSE.

MTNL rallies on reports of merger with BSNL

BSE Code - 500108
Face Value - Rs 10.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 56.25%
                                   (b)Institutions - 22.05%
                                    (c)Non-Institutions - 19.86%
One year High-Low - Rs 39.10 - Rs 9.92
     The telecom department (DoT) has for the first time set a cutoff date, July 31, 2015, for concluding the much discussed merger of struggling state-run telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. 
     MTNL runs telecom services in Delhi and Mumbai while BSNL offers telecom coverage in the rest of India.
     BSNL has 61,622 mobile towers, the second largest tower portfolio among all telcos. A sizeable chunk of its tower assets are colocated with landline exchanges to meet business needs. 
     Stock is currently trading at Rs 31.15, up by 1.10 points from its previous closing of Rs 30.05 on the BSE.