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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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Rama Phosphates to announce December quarter results
Jan 23,2017

Rama Phosphates announced that the Board of Directors of the Company will meet on 11 February 2017, to consider and approve the Unaudited Financial Results for the quarter ended 31 December 2016.

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Board of Akzo Nobel India to consider December quarter results
Jan 23,2017

Akzo Nobel India announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, to consider, inter alia, unaudited financial results of the Company for the quarter ended 31 December 2016.

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Texmaco Rail & Engineering signs non-binding agreement with TEB Technology Development Co., China
Jan 23,2017

Texmaco Rail & Engineering announced that the company has signed a non-binding Memorandum with TEB Technology Development Co., China for promotion and development of (Transit Elevated Bus - TEB) BOT Project in the state of West Bengal on 21 January 2017.

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Amara Raja Batteries slips after weak Q3 results
Jan 23,2017

The result was announced on Sunday, 22 January 2017.

Meanwhile, the BSE Sensex was up 62.49 points, or 0.23%, to 27,096.99.

On the BSE, so far 21,000 shares were traded in the counter, compared with average daily volumes of 16,530 shares in the past one quarter. The stock had hit a high of Rs 898 and a low of Rs 857.25 so far during the day.

The stock hit a 52-week high of Rs 1,077 on 6 September 2016. The stock hit a 52-week low of Rs 803.80 on 12 February 2016. The stock had underperformed the market over the past 30 days till 20 January 2017, rising 3.92% compared with the 4.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.97% as against Sensexs 3.71% decline.

The large-cap company has equity capital of Rs 17.08 crore. Face value per share is Re 1.

Amara Raja Batteries is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry.

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JK Paper advances after strong Q3 earnings
Jan 23,2017

The result was announced on Saturday, 21 January 2017.

Meanwhile, the S&P BSE Sensex was up 91.84 points or 0.34% at 27,126.34.

On the BSE, 1.81 lakh shares were traded on the counter so far as against the average daily volumes of 1.60 lakh shares in the past one quarter. The stock had hit a high of Rs 98.85 and a low of Rs 96.50 so far during the day.

The stock had hit a record high of Rs 101.80 on 3 November 2016 and a 52-week low of Rs 40.30 on 29 February 2016. The stock had outperformed the market over the past one month till 20 January 2017, advancing 9.01% compared with the Sensexs 2.76% rise. The scrip had also outperformed the market over the past one quarter gaining 20.87% as against the Sensexs 3.89% fall.

The small-cap company has equity capital of Rs 155.96 crore. Face value per share is Rs 10.

JK Paper is Indias leading branded paper company and the largest producer of photocopier paper.

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United Spirits jumps after strong Q3 results
Jan 23,2017

The result was announced on Saturday, 21 January 2017.

Meanwhile, the BSE Sensex was up 93.60 points, or 0.35%, to 27,128.10.

On the BSE, so far 57,000 shares were traded in the counter, compared with average daily volumes of 33,773 shares in the past one quarter. The stock had hit a high of Rs 2,179.95 and a low of Rs 2,128.25 so far during the day.

The stock hit a 52-week high of Rs 2,864.75 on 25 January 2016. The stock hit a 52-week low of Rs 1,775.05 on 22 November 2016. The stock had outperformed the market over the past 30 days till 20 January 2017, rising 10.28% compared with the 4.06% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 12.92% as against Sensexs 3.71% decline.

The large-cap company has equity capital of Rs 145.33 crore. Face value per share is Rs 10.

United Spirits said that its net sales grew marginally by 3% in Q3 December 2016 over Q3 December 2015, due to de-monetization. Earnings before interest, tax, depreciation and amortization (EBITDA) rose 10% to Rs 294 crore in Q3 December 2016 over Q3 December 2015, driven by top line growth and lower staff costs.

Recently some media reports suggested that Diageo Plc was considering increasing its majority stake in United Spirits. Diageo is reportedly planning an open offer to the other shareholders in United Spirits. United Spirits, however, clarified to the bourses that it was not aware of this development and it does not wish to comment on rumors.

Relay B.V., an indirect wholly-owned subsidiary of Diageo Plc, holds 54.78% stake in United Spirits (as per the shareholding pattern as on 31 December 2016). Under Indian stock market regulations, Diageo could raise its stake to just under 75% without triggering a delisting offer.

Diageo gained complete control of the board of United Spirits post the exit of Dr Vijay Mallya from his position as chairman and non-executive director of United Spirits in February 2016.

United Spirits makes alcoholic beverages. It is a subsidiary of British multinational Diageo plc.

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Amara Raja Batteries announces change in nominee directors
Jan 23,2017

Amara Raja Batteries announced the resignation of Shuqing Yang as Non Executive Director from the Board with effect from 22 January 2017, due to change in nomination by Johnson Controls (Mauritius). Trent Moore Nevill has been appointed as an additional director with effect from 22 January 2017 consequent to resignation of Shuqing Yang from the Board.

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Cyient commences operations from TSIIC Incubation Center, Warrangal
Jan 23,2017

Cyient announced that it has commenced operations in Warangal from the Incubation Center of the Telangana State Industrial Infrastructure Corporation (TSIIC). Cyient has established a Center of Excellence (CoE) in TSIIC Incubation Center to help its Communications business expand operations for its global client base. The CoE will undertake fiber and coaxial network planning and design, MDU engineering, cell site design and drafting, RF planning, and network optimization services. Cyient will also leverage the Center to provide geospatial services and solutions for the companys Smart City engagements.

Cyient has already laid a foundation stone for a 70,000 square feet state-of-the-art Technology Development Center in Warangal, in the Madikonda Special Economic Zone (SEZ) of the Telangana State Industrial Infrastructure Corporation (TSIIC), which will become operational within the next 18 to 24 months. Once the center is operational, the company will ramp up operations in the region by employing around 1,000 professionals who will work on advanced geographic information systems (GIS), remote sensing, LiDAR, and photogrammetry technologies that address requirements of the rail transportation, utilities, and communications sectors. The facility spread over a 5-acre area will support Cyients worldwide digital technology initiatives in areas like Internet of Things, Analytics, and Smart Cities.

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Board of Mercury Laboratories to consider December quarter results
Jan 23,2017

Mercury Laboratories announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve the audited Financial Results of the Company for the quarter ended on 31 December 2016 subject to audit review by the statutory auditors.

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UltraTech Cement gains after announcing Q3 results
Jan 23,2017

The result was announced on Saturday, 21 January 2017.

Meanwhile, the S&P BSE Sensex was down 32.55 points or 0.12% at 27,001.95.

On the BSE, 8,574 shares were traded on the counter so far as against the average daily volumes of 13,878 shares in the past one quarter. The stock had hit a high of Rs 3,534.75 and a low of Rs 3,482 so far during the day.

The stock had hit a record high of Rs 4,130 on 8 September 2016 and a 52-week low of Rs 2,646.80 on 21 January 2016. The stock had outperformed the market over the past one month till 20 January 2017, advancing 10.21% compared with the Sensexs 2.76% rise. The scrip had, however, underperformed the market over the past one quarter declining 13.42% as against the Sensexs 3.89% fall.

The large-cap company has equity capital of Rs 274.48 crore. Face value per share is Rs 10.

UltraTech Cements board at its meeting held on Saturday, 21 January 2017, inter alia, approved setting up of a 3.5 million tonnes per annum (MTPA) integrated cement plant at Dhar, Madhya Pradesh at a total cost of around Rs 2600 crore.

Commercial production from the plant is expected to commence by Q4 March 2019. This plant will help in reduction of lead distance and cater to the markets of south-west Madhya Pradesh, where the company is not a significant player.

With this expansion and the acquisition of the cement plants of Jaiprakash Associates, the companys cement capacity will stand augmented to 95 MTPA including its overseas operations.

Going forward, continuing government spending on infrastructure, development of smart cities, interest rate cuts supported by interest subsidy schemes for housing will be the key cement demand drivers.

UltraTech Cement is a leading cement manufacturer in India. It is a part of the Aditya Birla Group.

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Rupee closes Higher
Jan 23,2017

Rupee on Monday (23 January 2017) closed Higher at 68.08/10 per dollar, versus its previous close of 68.19/21 per dollar.

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Trident gets coveted Gold Seal certification
Jan 23,2017

Trident announced that the Cotton Egypt Association has accredited the Company with its coveted Gold Seal for Tridents Yarn as well as Terry Towel products. The Gold Seal certification is conferred after exhaustive DNA testing of the Companys products.

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Goldcrest Corporation to announce December quarter results
Jan 23,2017

Goldcrest Corporation announced that the Meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia, to consider:

1. Standalone Un-Audited Financial Results for the quarter ended 31 December 2016 along with Limited Review Report;

2. Consolidated Un-Audited Financial Results for the quarter ended 31 December 2016 along with Limited Review Report.

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Shares of Shangar Decor get listed
Jan 23,2017

The equity shares of Shangar Decor (Scrip Code: 540259) are listed effective 23 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Shares of Globe Commercials get listed
Jan 23,2017

The equity shares of Globe Commercials (Scrip Code: 540266) are listed effective 23 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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