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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Positive market breadth
Jul 31,2017

Key benchmark indices were trading with small gains in morning trade after opening higher. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 86.15 points or 0.27% at 32,396.03. The Nifty 50 index was up 13.25 points or 0.13% at 10,027.75. Sentiment was positive on market buzz that the Reserve Bank of India could cut rates after its meet later this week on 2 August 2017.

The S&P BSE Mid-Cap index fell 0.03%. The S&P BSE Small-Cap index gained 0.15%. Both these indices underperformed the Sensex.

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,161 shares rose and 867 shares fell. A total of 95 shares were unchanged.

Most telecom stocks extended losses for the fourth straight day. Bharti Airtel (down 0.54%), Reliance Communications (down 0.57%) and Idea Cellular (down 0.89%) declined. Tata Teleservices (Maharashtra) (up 1.17%) and MTNL (up 0.48%) gained.

Shares of Bharti Infratel fell 0.9%. Bharti Infratel is a provider of tower and related infrastructure and is a unit of Bharti Airtel.

Most cement stocks gained. ACC (up 1.19%), Ambuja Cements (up 0.38%), and UltraTech Cement (up 0.08%), gained.

Grasim Industries advanced 0.58%. Grasim has exposure to the cement sector through its holding in UltraTech Cement.

Shree Cement shed 0.19% ahead of its Q1 results today, 31 July 2017.

Elgi Equipments lost 4.04% after consolidated net profit fell 39.6% to Rs 13.60 crore on 4.5% increase in net sales to Rs 354.83 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours on Friday, 28 July 2017.

Overseas, Asian stocks were mixed. Meanwhile, there was another missile launch from North Korea late Friday, 28 July 2017, and experts said it put the continental US in range of Pyongyangs arsenal.

On the data front, growth in Chinas manufacturing sector slowed marginally in July. The official Purchasing Managers Index (PMI) stood at 51.4 in July, down from the previous months 51.7 but still well above the 50-point mark that separates growth from contraction on a monthly basis.

Japanese industrial production rose 1.6% on month in June, the Ministry of Economy, Trade and Industry said. The increase came after a 3.6% drop in May. Industrial output rose 1.9% in the April-June period from the previous quarter.

In US, the S&P 500 index and Nasdaq Composite index both finished slightly lower on Friday, 28 July 2017 for weekly losses as Amazon.com shares slumped on disappointing earnings, while the Dow Jones Industrials Average finished at a record for a weekly gain.

On the data front, a second-quarter reading on gross domestic product rose 2.6%, below the expectations. First-quarter GDP growth was revised to 1.2% from 1.4%. The final reading of the University of Michigans consumer-sentiment survey for July was lifted to 93.4 from a preliminary 93.1. Thats a decline, however, from Junes level of 95.1.

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IL&FS Transportation jumps after winning contract
Jul 31,2017

The announcement was made after market hours on Friday, 28 July 2017.

Meanwhile, the S&P BSE Sensex was up 83.52 points, or 0.26% to 32,393.40.

On the BSE, 89,000 shares were traded in the counter so far, compared with average daily volumes of 94,886 shares in the past one quarter. The stock had hit a high of Rs 97.30 and a low of Rs 93.65 so far during the day. The stock hit a 52-week high of Rs 124.80 on 12 January 2017. The stock hit a 52-week low of Rs 65.85 on 19 August 2016.

The stock had underperformed the market over the past one month till 28 July 2017, falling 6.72% compared with 4.71% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 21.90% as against Sensexs 7.99% rise. The scrip had outperformed the market in past one year, rising 20.95% as against Sensexs 15.18% rise.

The mid-cap company has equity capital of Rs 328.96 crore. Face value per share is Rs 10.

IL&FS Transportation Networks said it had submitted the bid to the National Highways & Infrastructure Development Corporation for construction, operation and maintenance of 2-lane bi-directional Zojila tunnel with parallel escape tunnel on Srinagar-Leh section in Jammu & Kashmir on engineering, procurement and construction (EPC) mode.

IL&FS Transportation Networks said it emerged as the lowest bidder for the aforesaid project. The company quoted an amount of Rs 4899.42 crore to be constructed in a period of 7 years.

IL&FS Transportation Networks reported net profit of Rs 105.80 crore in Q4 March 2017 as against net loss of Rs 165.02 crore in Q4 March 2016. Net sales declined 29.68% to Rs 996.91 crore in Q4 March 2017 over Q4 March 2016.

IL&FS Transportation Networks is a BOT (build, operate and transfer) road assets owner in India.

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Alembic Pharmaceuticals gets ANDA approval for Doxycycline Capsules
Jul 31,2017

Alembic Pharmaceuticals has received approval from USFDA for its Abbreviated New Drug Application for Doxycycline Capsules USP, 75 mg and 100 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Monodox Capsules, 75 mg and 100 mg of Aqua Pharmaceuticals. Doxycycline Capsules are indicated for the treatment and prevention of infections that a proven or strongly suspected to be caused by bacteria.

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VSF Projects to announce Quarterly Result
Jul 31,2017

VSF Projects will hold a meeting of the Board of Directors of the Company on 11 August 2017, to Consider and approve the Un-audited Financial results of the Company for the quarter ended June 30, 2017

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Intellivate Capital Ventures announces board meeting date
Jul 31,2017

Intellivate Capital Ventures will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve the Un-audited Financial Results of the Company for the Quarter ended 30th June 2017

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Punjab & Sind Bank declares Quarterly Result
Jul 31,2017

Punjab & Sind Bank will hold a meeting of the Board of Directors of the Company on 9 August 2017, to consider and take on record, unaudited, reviewed financial results, for the quarter ended June 30, 2017

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Narmada Gelatines declares Quarterly Result
Jul 31,2017

Narmada Gelatines will hold a meeting of the Board of Directors of the Company on 7 August 2017, to consider and take on records the Un-audited Financial Results of the Company for the quarter ended 30th June 2017

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Nilkamal to table results
Jul 31,2017

Nilkamal will hold a meeting of the Board of Directors of the Company on 7 August 2017, to consider and take on record Unaudited Financial Results for the quarter ended on 30th June, 2017.

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Parag Milk Foods to discuss results
Jul 31,2017

Parag Milk Foods will hold a meeting of the Board of Directors of the Company on 9 August 2017.

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Intellivate Capital Advisors to table quarterly results
Jul 31,2017

Intellivate Capital Advisors will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve the Un-audited Financial Results of the Company for the Quarter ended 30th June, 2017

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SJ Corporation announces board meeting date
Jul 31,2017

SJ Corporation will hold a meeting of the Board of Directors of the Company on 9 August 2017, to take on record the Unaudited (Provisional) Financial Results for the Quarter ended June 30, 2017.

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Tarai Foods to hold board meeting
Jul 31,2017

Tarai Foods will hold a meeting of the Board of Directors of the Company on 11 August 2017, For taking on record unaudited Financial results for the quarter ended 30.06.2017

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Sang Froid Labs (India) to hold board meeting
Jul 31,2017

Sang Froid Labs (India) will hold a meeting of the Board of Directors of the Company on 31 July 2017.

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Jigyasa Infrastructure to amend Object Clause
Jul 31,2017

Jigyasa Infrastructure will hold a meeting of the Board of Directors of the Company on 2 August 2017, to consider the change of objects and conduct the postal ballot for the same, if approved.

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Elgi Equipments drops after poor Q1 results
Jul 31,2017

The result was announced after market hours on Friday, 28 July 2017.

Meanwhile, the S&P BSE Sensex was up 86.19 points, or 0.27% at 32,396.07. The S&P BSE Mid-Cap index was up 26.82 points, or 0.17% at 15,356.38.

On the BSE, 6,939 shares were traded on the counter so far as against the average daily volumes of 5,604 shares in the past one quarter. The stock had hit a high of Rs 248.50 and a low of Rs 236.75 so far during the day. The stock had hit a record high of Rs 257.45 on 28 July 2017 and a 52-week low of Rs 159 on 4 August 2016.

The stock had outperformed the market over the past one month till 28 July 2017, advancing 5.36% compared with the Sensexs 4.79% rise. The scrip had also outperformed the market over the past one quarter advancing 22.52% as against the Sensexs 7.99% rise. The scrip had also outperformed the market over the past one year advancing 40.32% as against the Sensexs 14.54% rise.

The mid-cap company has equity capital of Rs 15.85 crore. Face value per share is Rs 1.

Elgi Equipments manufactures air compressors and automobile service station equipment.

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