The plant will be set up in three phases with a total capacity of 6.5 million units per annum. The company's board approved the plan which will be funded through internal accruals.

Following stocks are close to their 52-week low as at 1.20 p.m. on August 13, 2018.

The markets on August 13, 2018 opened gap down. BSE Sensex is trading at 37,750.41 down by 118.82 points and the Nifty is trading at 11,395.25, down by 34.25 points. 

Navratna public sector undertaking NBCC (India) Limited bagged an order worth Rs. 150 crore for the construction of an integrated office building at Sec-23, Dwarka, New Delhi for the Central Board of Secondary Education (CBSE).

Overall volumes in futures & options currently stand at 57.69 lakh contracts with a turnover of Rs.  5,53,971.86 crore.

The two funds are SEBI-registered Category II Alternate Investment Funds and hold a combined AUM of more than Rs. 150 crores. The company is also hiring the fund's investment team as part of the transaction.

Indian mutual fund industry has registered an increase of the 8.62 lakh folios in the month of July 2018. This growth was led by the increased folios in the Liquid funds.

Overall volumes in futures & options currently stand at 57.69 lakh contracts with a turnover of Rs.  5,53,971.86 crore.

Nifty opened on a positive note, but went into correction mode due to profit-booking and closed marginally lower at 11430, shedding 41 points. Out of exhaustion, Nifty may continue to consolidate at higher levels for the time being.

Taking weak cues from across the globe, we expect Indian stock markets to open on a subdued note and continue with consolidation to correction due to profit-booking before resuming its bounce towards the record levels.