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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Jindal Poly Investment & Fin. Co. to convene board meeting
Aug 07,2017

Jindal Poly Investment & Fin. Co. will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve Unaudited Standalone financial results of the Company for the quarter ended 30th June, 2017.

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Rainbow Denim to convene AGM
Aug 07,2017

Rainbow Denim announced that the Annual General Meeting (AGM) of the company will be held on 21 September 2017.

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Arihant Tournesol to table results
Aug 07,2017

Arihant Tournesol will hold a meeting of the Board of Directors of the Company on 14 August 2017, to approve and take on record of un audited results for the quarter ended 30th June, 2017.

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Jindal Worldwide announces board meeting date
Aug 07,2017

Jindal Worldwide will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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VCK Capital Market Services schedules board meeting
Aug 07,2017

VCK Capital Market Services will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and approve the Unaudited Financial Results for the quarter ended 30th June, 2017.

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Skyline Millars to convene board meeting
Aug 07,2017

Skyline Millars will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve the Un-Audited Financial Result for the quarter ended 30th June, 2017

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JP Associates hits 52-week high after turnaround in Q1
Aug 07,2017

The result was announced on Saturday, 5 August 2017.

Meanwhile, the S&P BSE Sensex was down 1.31 points at 32,324.10. The S&P BSE Mid-Cap index rose 0.66% at 15,538.69.

On the BSE, 86.15 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 crore shares in the past one quarter. The stock had hit a high of Rs 30.40 so far during the day, which is a 52-week high. The stock hit a low of Rs 26.70 so far during the day. The stock had hit a 52-week low of Rs 6.71 on 25 November 2016.

The stock had outperformed the market over the past one month till 4 August 2017, advancing 30.33% compared with the Sensexs 3.57% rise. The stock had also outperformed the market over the past one quarter, surging 94.7% as against the Sensexs 7.3% rise. The scrip had also outperformed the market over the past one year, advancing 111.6% as against the Sensexs 16.64% rise.

The mid-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.

Jaiprakash Associates net sales rose 44.2% to Rs 2491.40 crore in Q1 June 2017 over Q1 June 2016.

Jaiprakash Associates board at its meeting held on Saturday, 5 August 2017, approved proposal for seeking shareholders approval by way of enabling special resolution at the ensuing annual general meeting for raising of funds through various means viz. equity/equity related instruments with various domestic/international options including QIP, rights issue, FPO/preferential issue/GDRs/ADRs/ECBs with right of conversion into equity shares, if any, or any other mode, upto Rs 2000 crore for meeting capital expenditure, reduction of debts, general corporate purposes and for raising working capital requirements for real estate business and other businesses.

Jaiprakash Associates is a diversified infrastructure company.

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GSFC declines after weak Q1 numbers
Aug 07,2017

The result was announced after market hours on Friday, 4 August 2017.

Meanwhile, the S&P BSE Sensex was up 14.90 points, or 0.05% at 32,340.31. The S&P BSE Mid-Cap index was up 102.22 points, or 0.66% at 15,539.17.

On the BSE, 88,000 shares were traded on the counter so far as against the average daily volumes of 2.92 lakh shares in the past one quarter. The stock had hit a high of Rs 134.45 and a low of Rs 123 so far during the day. The stock had hit a record high of Rs 148.40 on 10 May 2017 and a 52-week low of Rs 67.65 on 4 August 2016.

The stock had outperformed the market over the past one month till 4 Aug 2017, advancing 11.59% compared with the Sensexs 3.57% rise. The scrip had, however, underperformed the market over the past one quarter declining 4.12% as against the Sensexs 7.3% rise. The scrip had, however, outperformed the market over the past one year advancing 99.93% as against the Sensexs 16.64% rise.

The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.

Gujarat State Fertilizers & Chemicals (GSFC) is engaged in the development of crop nutrition solutions. The company is also engaged in the business of trading pesticides, zinc sulfate, magnesium sulfate, among others.

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Shares of Globalspace Technologies get listed
Aug 07,2017

The equity shares of Globalspace Technologies (Scrip Code: 540654) are listed effective 07 August 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Wipro provides Data Recovery Platform on Microsoft Azure
Aug 07,2017

Wipro announced the availability of Data Recovery Platform, its big data analytics-as-a-service solution on Microsoft Azure. The solution accelerates insight-driven decision through pre-built applications for specific industries, such as banking and financial services, retail, energy, education and manufacturing.

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L&T Technology Services rated in Leadership Zone across 7 unique expertise areas
Aug 07,2017

L&T Technology Services has been rated as an Expansive and Established player in the Zinnov Zones 2017 IoT Technology Services study andin the Leadership Zone across seven unique expertise areas.

Zinnov rated LTTS as an Expansive and Established player for the secondsuccessive year. LTTS has been recognized in the leadership zone in five new expertise areas as compared to last years Zinnov Zones 2016 IoT Technology Services ratings.

Along with Product Engineering and Sensors & Devices Competency where LTTS was rated in the Leadership Zone in 2016, the company has been rated in the Leadership Zone in five new areas- Platform and Application Competency, Advisory and Consulting, System Integration, Communications Competency & Big Data.

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Wockhardt gains after USFDA approval for antibiotic injection
Aug 07,2017

The announcement was made during trading hours today, 7 August 2017.

Meanwhile, the S&P BSE Sensex was up 56.23 points, or 0.17% to 32,381.64.

On the BSE, 21,000 shares were traded in the counter so far, compared with average daily volumes of 1.51 lakh shares in the past one quarter. The stock had hit a high of Rs 611.30 and a low of Rs 600 so far during the day. The stock hit a 52-week high of Rs 1,025.50 on 5 August 2016. The stock hit a 52-week low of Rs 555 on 22 June 2017.

The stock had underperformed the market over the past one month till 4 August 2017, falling 0.01% compared with 3.05% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.46% as against Sensexs 8.26% rise. The scrip had also underperformed the market in past one year, falling 40.95% as against Sensexs 15.13% rise.

The mid-cap company has equity capital of Rs 55.28 crore. Face value per share is Rs 5.

Wockhardt said it received approval from the United States Food & Drug Administration (USFDA) for an abbreviated new drug application (ANDA) for 1gm, and 2gm injections of Oxacillin.

Oxacillin is a penicillanase-resistant beta-lactam antibiotic and is used to treat many different infections caused by penicillin-resistant Staphylococcal and other bacterial infections, such as urinary tract infections, respiratory tract infections, septicemia, wound infection, bacterial meningitis, etc.

Wockhardt is expected to launch this product in the United States soon. The product is being manufactured at a contract manufacturing facility, based near Milan, Italy.

On a consolidated basis, Wockhardt reported net loss of Rs 409.66 crore in Q1 June 2017 as against net profit of Rs 15.89 crore in Q1 June 2016. Net sales declined 18.31% to Rs 891.06 crore in Q1 June 2017 over Q1 June 2016.

Wockhardt is a global pharmaceutical and biotech company employing over 10,000 people and 27 nationalities with presence in USA, UK, Ireland, Mexico, Russia and many other countries.

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IndusInd Bank retracts from record high
Aug 07,2017

Meanwhile, the S&P BSE Sensex was up 37.78 points or 0.12% at 32,363.19.

On the BSE, 936 shares were traded on the counter so far as against the average daily volumes of 81,572 shares in the past one quarter. The stock had hit a high of Rs 1,680 so far during the day, which is a record high. The stock hit a low of Rs 1,658 so far during the day. The stock had hit a 52-week low of Rs 1,037.85 on 24 November 2016.

The stock had outperformed the market over the past one month till 4 August 2017, advancing 11.19% compared with the Sensexs 3.57% rise. The stock had also outperformed the market over the past one quarter, gaining 17% as against the Sensexs 7.3% rise. The scrip had also outperformed the market over the past one year, advancing 42.6% as against the Sensexs 16.64% rise.

The large-cap bank has equity capital of Rs 598.62 crore. Face value per share is Rs 10.

IndusInd Bank said it has recently inaugurated its first branch in Faridkot, Punjab. With the inauguration of this branch, the bank now has 101 branches in the state of Punjab. The announcement was made after market hours on Friday, 4 August 2017.

IndusInd Banks net profit rose 26.5% to Rs 836.55 crore on 21.5% growth in total income to Rs 5302.77 crore in Q1 June 2017 over Q1 June 2016.

IndusInd Bank is one of the leading private sector banks in India.

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Persistent Systems recognised for IoT Technology competency
Aug 07,2017

Persistent Systems has been recognized for IoT Technology competency in Zinnov Zones 2017 - IoT Technology Services Report. The Company rated Established and Expansive for overall IoT competency and placed in leadership zones for Platform and Application Competency, Big Data Management and Analytics Services.

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Wockhardt receives ANDA approval for Oxacillin Injection
Aug 07,2017

Wockhardt has received approval from the United States Food & Drug Administration (US FDA) for an ANDA for 1gm, and 2gm injections of Oxacillin.

Oxacillin is a penicillanase-resistant beta-lactam antibiotic and is used to treat many different infections caused by penicillin-resistant Staphylococcal and other bacterial infections, such as Urinary Tract Infections, Respiratory Tract Infections, Septicemia, Wound Infection, Bacterial meningitis etc.

Wockhardt is expected to launch this product in the United States, soon. The product is being manufactured at a contract manufacturing facility, based near Milan, Italy.

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