Titan Company was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The BSE Smallcap index has been down by 14.8 per cent so far in 2019. On January 1, 2019, the Smallcap index stood at 14,766.86 which dipped to 12,570.17 as on August 15, 2019.

The company is expected to invest Rs. 53.16 crore (in form of equity & sub-debt) against which the KNR is expected to receive a total of Rs. 95.79 crore through this transaction, which may undergo some changes at the time of COD.

The company has agreed to sell the entire stake of its subsidiary IDFC Securities to former CEO of Axis Capital Dharmesh Mehta and other undisclosed investors. It further stated that necessary definitive agreement is still to be signed among the parties involved.

In an aim to boost oil and gas production, country’s major explorer Oil and Natural Gas Corp (ONGC) is investing around Rs. 83,000 crore in 25 major projects.

Following stocks are close to their 52-weeks low as at 13:02P.M. on August 16, 2019.

Mumbai-headquartered travel and leisure service provider, Cox & Kings made a stock exchange filing which informed that the company defaulted on its commercial paper.

Considering the total count of the reported companies as 2,077, we find that 1,771 companies have posted a negative return since April 1, 2019. During this period, BSE Sensex also posted a negative return of 4 per cent since April 1, 2019 (38871.87 point).

The markets on August 16, 2019 opened gap down. BSE Sensex is trading at 37,306.92, down by 4.61 points and the Nifty is trading at 11,037.35, up by 8.40 points. Meanwhile, the following stocks are close to their 52 weeks high as on August 16, 2019.

These 2,077 companies have posted an aggregate sales growth of 7 per cent during the quarter ended June 30, 2019. Aggregate operating profit growth of these companies stood at 5 per cent and aggregate PAT growth stood at 3 per cent.