On Monday, Samvardhana Motherson Automotive Systems Group BV (SMRPBV) informed that it has acquired a majority stake in Plast Met Plastik Metal San.  

In the last corrective decline as well, we saw Nifty reverting to its mean i.e. the 21-EMA and inching higher. The index is likely to repeat history i.e. scaling higher after reverting to its mean and along with this, the 14-period RSI is approaching near its 60-mark. As in the super bullish range theory of RSI, coined by Andrew Cardwell, the RSI refrains from dipping below 60.

The price of Bitcoin today is US$ 36,290.39 with a 24-hour trading volume of US$ 50,85,98,29,453. Bitcoin is up by 5.03 per cent in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of US$ 6,75,13,56,93,328.

JBM Auto has received an order for the supply of seven hundred buses from the Government of NCT of Delhi

United Drilling Tools Limited (UDTL), a leading manufacturer of products used in the upstream oil & gas operations announced the commencement of operations at its newly set up manufacturing plant in Gujarat. 

The shares of Tata Elxsi were trading up by 7 per cent on Monday in an otherwise down market, after the foreign portfolio investors (FPIs) increased their holding in the company by nearly one per cent in the quarter ended December 2020. 

On Monday, Gravita India Limited announced an annual agreement with Sorin Corporation, a subsidiary of Korea Zinc Co Limited for supplying approximately 8,000 MT of refined lead to be served in the calendar year 2021. Nevertheless, if calculated at the current lead prices, it would be an approximate contract value of Rs 125 crore.

Tata Consultancy Services (TCS) announced on Monday that it has been selected by the British telecommunications company, Three UK, to help the latter configure its mobile network for its ongoing rollout of 5G services. 

The chemicals business of UFlex Limited has secured a patent on 'A process for the preparation of Epoxy Ester Resin' in accordance with the provisions of the Patents Act, 1970. This is the first-ever patent for chemicals business in India and it will be considering applying for a global patent in due course of time. 

The agreement includes six injectable products to be filed shortly in Canada, of which, some of the products have already been filed by Caplin Steriles in the USA, a subsidiary of Caplin Point Laboratories Limited.