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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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Cipla moves higher on reports of plans to sell animal health unit
Nov 28,2016

Meanwhile, the S&P BSE Sensex was up 4.07 points or 0.02% at 26,320.41.

On BSE, so far 56,000 shares were traded in the counter as against average daily volume of 1.66 lakh shares in the past one quarter. The stock hit a high of Rs 577 and a low of Rs 567.80 so far during the day. The stock had hit a 52-week high of Rs 660 on 29 December 2015. The stock had hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had outperformed the market over the past one month till 25 November 2016, declining 3.75% compared with the Sensexs 6.32% fall. The scrip had also outperformed the market in past one quarter, advancing 0.05% as against the Sensexs 5.46% fall.

The large-cap company has equity capital of Rs 160.85 crore. Face value per share is Rs 2.

Media reports suggested that Cipla has hired global investment bank Rothschild to find potential buyers. Several Indian buyers have submitted bids for Cipla Vet, reports added. Cipla Vet is a leading veterinary pharmaceutical exporter with a presence in over 100 countries. Ciplas move to sell its veterinary business comes in the backdrop of its overall plan to rationalize its markets and portfolio and exit non-core, low-profit businesses, reports suggested.

On a consolidated basis, Ciplas net profit dropped 34.7% to Rs 354.34 crore on 8.7% rise in net sales to Rs 3671.88 crore in Q2 September 2016 over Q2 September 2015.

Cipla is a global pharmaceutical company.

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Khoobsurat to shift registered office
Nov 28,2016

Khoobsurat announced that the Registered Office of the Company has been shifted to the following new address w.e.f. 15 November 2016 -

7A, Bentinck Street, 3rd Floor, Kolkata-700 001 Email : khoobsurat.kolkata@gmail.com

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Tata Chemicals to hold EGM
Nov 28,2016

Tata Chemicals announced that the EGM of the Company will be held on 23 December 2016 to transact the following business -

Removal of C P Mistry as Director
Removal of Nusli N Wadia as Director
Appointment of Bhaskar Bhat as a Director of the Company
Appointment of S Padmanabhan as a Director of the Company.

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Board of Amtek Auto to consider proposal for infusion of fresh equity
Nov 28,2016

Amtek Auto announced that a meeting of the Board of Directors of the Company will be held on 30 November 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors.

Simultaneously, a joint meeting of Board of Directors of Amtek Auto , Metalyst Forgings, Castex Technologies and ARGL is also being convened to discuss the outcome of the individual Board Meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors.

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Strides Shasun gains after acquisition
Nov 28,2016

The announcement was made after market hours on Friday, 25 November 2016.

Meanwhile, the BSE Sensex was down 67.76 points, or 0.26%, to 26,248.58.

On BSE, so far 9,778 shares were traded in the counter, compared with average daily volume of 67,539 shares in the past one quarter. The stock hit a high of Rs 1,100 and a low of Rs 1,077 so far during the day. The stock hit a 52-week high of Rs 1,400 on 10 December 2015. The stock hit a 52-week low of Rs 848 on 29 February 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, rising 14.98% compared with the 5.73% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.44% as against Sensexs 5.28% decline.

The mid-cap company has equity capital of Rs 89.37 crore. Face value per share is Rs 10.

Strides Shasun announced that its wholly-owned subsidiary Strides Arcolab International, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the PediaCare brand for a total consideration of $5 million plus inventory value at closing.

PediaCare is an established paediatric cough, cold and allergy brand with annual sales of approximately $6 million. PediaCare will form an important part of Strides expanding consumer health care portfolio and brings with it expertise in the paediatric segment as well as a strong brand name with global potential.

Strides Shasuns consolidated net profit rose 106.90% to Rs 74.09 crore on 36.26% rise in net sales to Rs 922.17 crore in Q2 September 2016 over Q2 September 2015.

Strides Shasun is a vertically integrated global pharmaceutical company headquartered inBangalore.

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Board of Castex Technologies to consider proposal for infusion of fresh equity
Nov 28,2016

Castex Technologies announced that a meeting of the Board of Directors of the Company is scheduled to be held on 30 November 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the company as proposed by investors.

Simultaneously, a joint meeting of Board of Directors of Amtek Auto , Metalyst Forgings, Castex Technologies and ARGL is also being convened to discuss the outcome of the individual Board Meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors.

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Bharti Airtel heads north after completing a stake acquisition in Airtel Nigeria
Nov 28,2016

The announcement was made on Saturday, 26 November 2016.

Meanwhile, the S&P BSE Sensex was down 28.16 points or 0.11% at 26,288.18.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 3.15 lakh shares in the past one quarter. The stock hit a high of Rs 307.80 and a low of Rs 301 so far during the day. The stock had hit a 52-week high of Rs 384.90 on 28 April 2016. The stock had hit a 52-week low of Rs 282.30 on 29 January 2016. The stock had outperformed the market over the past one month till 25 November 2016, declining 3.28% compared with the Sensexs 6.32% fall. The scrip had, however, underperformed the market in past one quarter, sliding 13.09% as against the Sensexs 5.46% fall.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel announced that Bharti Airtel International (Netherlands) BV through its wholly owned subsidiary (Airtel), has completed the acquisition of Econet Wireless entire 4.2% shareholding in Airtel Nigeria. As a result, Airtels overall holding in Airtel Nigeria has increased to 83.25%.

On consolidated basis, Bharti Airtels net profit declined 4.9% to Rs 1460.70 crore on 3.4% growth in net sales to Rs 24651.50 crore in Q2 September 2016 over Q2 September 2015.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.

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Board of Metalyst Forgings to consider proposal for infusion of fresh equity
Nov 28,2016

Metalyst Forgings announced that a meeting of the Board of Directors of the Company will be held on 30 November 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors.

Simultaneously, a joint meeting of Board of Directors of Amtek Auto, Metalyst Forgings, Castex Technologies and ARGL is also being convened to discuss the outcome of the individual Board Meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors.

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Astral Poly Technik allots equity shares
Nov 28,2016

Astral Poly Technik has allotted 16,282 equity shares of Re.1/- each pursuant to exercise of options under Astral Poly Technik Limited Employee Stock Option Scheme 2015 on 26 November 2016.

These shares shall rank pari passu, in all respects with the existing equity shares of the Company. After allotment of aforesaid equity shares, the share capital of the Company stands increased from Rs. 11,97,50,283/- to Rs. 11,97,66,565/-.

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ARSS Infrastructure Projects secures Railways work order worth Rs 51.44 crore
Nov 28,2016

ARSS Infrastructure Projects announced that a work order amounting to Rs. 51.44 crore namely Construction of Major Bridges (07 Nos.) and Earthwork in approaches, including protection and other ancillary works in Bina-Lalitpur Section (62.66Km) in connection with Bina-Jhansi 3rd Line Project (Zone-A) has been awarded in favour of one of the Companys Joint Venture (JV) named ARSS-SIPS (JV) by North Central Railway, Office of the Dy. Chief Engineer (Const.), Jhansi on 21 November 2016 copy of which was received by the Company on 25 November 2016.

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Trident receives award for Outstanding Contribution to Social Welfare 2016
Nov 28,2016

Trident has been awarded with the prestigious Award for Outstanding Contribution to Social Welfare for the year 2016 by PHD Chamber at PHD Annual Award for Excellence 2016.

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Hathway Cable & Datacom tumbles after poor Q2 performance
Nov 28,2016

The result was announced after market hours on Friday, 25 November 2016.

Meanwhile, the BSE Sensex was down 64.25 points, or 0.24%, to 26,252.09.

On BSE, so far 26,000 shares were traded in the counter, compared with average daily volume of 69,878 shares in the past one quarter. The stock hit a high of Rs 33.50 and a low of Rs 32.25 so far during the day. The stock hit a 52-week high of Rs 48 on 4 December 2015. The stock hit a 52-week low of Rs 24 on 30 September 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, rising 11.61% compared with the 5.73% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.11% as against Sensexs 5.28% decline.

The small-cap company has equity capital of Rs 166.10 crore. Face value per share is Rs 2.

Hathway Cable & Datacoms net sales rose 18.59% to Rs 318.84 crore in Q2 September 2016 over Q2 September 2015.

EBITDA (earnings before interest, taxes, depreciation and amortization) rose 12% to Rs 54.90 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin stood at 17% in Q2 September 2016 compared with 18% in Q2 September 2015.

The companys revenue from the broadband business rose 67% to Rs 120.30 crore in Q2 September 2016 over in Q2 September 2015.

The companys net debt stood at Rs 1636 crore in Q2 September 2016 compared with net debt of Rs 1564.80 crore Q1 June 2016.

Hathway Cable & Datacom offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.

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Shares of CMI to be listed on NSE
Nov 28,2016

CMI has got listing approval (New Listing) for Equity Shares of the Company on National Stock Exchange of India (NSE) vide Ref Dated 25 November 2016. The securities of the Company will be admitted to deal on the National Stock Exchange (Capital Market Segment) with effect from 29 November 2016 and the designated security code is CMICABLES.

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Dilip Buildcon secures two road projects
Nov 28,2016

Dilip Buildcon has received letter of award for two road projects.

Rehabilitation and upgradation of NH-18 from Rayachoti-Kadapa section in the State of Andhra Pradesh under corridor approach through EPC basis of contract from Government of Andhra Pradesh, PWD Department dated 25 November 2016.

Rehabilitation and upgradation of NH-66 from Kalmath to Zarap section in the State of Maharashtra under NHDP-IV on Hybrid Annuity Mode from Government of India, Ministry of Road Transport & Highway dated 25 November 2016.

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Suzlon Energy secures repeat order for 50.40 MW wind power project
Nov 28,2016

Suzlon Energy has secured a fourth consecutive order for 50.40MW wind power project from a business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW. Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017. This takes the total current year order portfolio with the business house to 84 MW out of which 33.60 MW was announced earlier as part of order wins from SMEs.

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