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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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Hindustan Copper gains after board approves hiking borrowing limit
Jan 16,2017

The announcement was made during trading hours today, 16 January 2017.

Meanwhile, the BSE Sensex was up 72.91 points, or 0.27%, to 27,310.97.

On the BSE, so far 3.48 lakh shares were traded in the counter, compared with average daily volumes of 3.02 lakh shares in the past one quarter. The stock had hit a high of Rs 69.25 and a low of Rs 67.95 so far during the day.

The stock hit a 52-week high of Rs 73.60 on 22 August 2016. The stock hit a 52-week low of Rs 42.30 on 19 February 2016. The stock had outperformed the market over the past 30 days till 13 January 2017, rising 15.20% compared with the 2.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.78% as against Sensexs 1.57% decline.

The mid-cap company has equity capital of Rs 462.61 crore. Face value per share is Rs 5.

The board of directors of Hindustan Copper (HCL) approved proposal for increasing borrowing from the consortium banks/other banks by way of overdraft or cash credit, working capital demand loan, bill discounting, other working capital arrangements from existing Rs 250 crore to Rs 550 crore.

Hindustan Coppers net profit fell 8.6% to Rs 6.77 crore on 20.1% decline in net sales to Rs 161.85 crore in Q2 September 2016 over Q2 September 2015.

Hindustan Copper (HCL) is a vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal. The Government of India holds 89.95% stake in Hindustan Copper (as per shareholding pattern as on 31 December 2016).

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Volumes jump at KNR Constructions counter
Jan 16,2017

KNR Constructions clocked volume of 37.96 lakh shares by 13:48 IST on BSE, a 450.53-times surge over two-week average daily volume of 8,425 shares. The stock shed 0.42% to Rs 167.80.

Crompton Greaves Consumer Electricals notched up volume of 4.31 lakh shares, a 21.77-fold surge over two-week average daily volume of 20,000 shares. The stock rose 2.7% to Rs 161.50.

India Tourism Development Corporation saw volume of 2.59 lakh shares, a 17.5-fold surge over two-week average daily volume of 15,000 shares. The stock rose 15.72% to Rs 296.25.

HDFC Bank clocked volume of 43.96 lakh shares, a 14.37-fold surge over two-week average daily volume of 3.06 lakh shares. The stock rose 1.04% to Rs 1,245.50.

Jubilant Industries saw volume of 3.47 lakh shares, a 9.22-fold rise over two-week average daily volume of 38,000 shares. The stock rose 11.24% to Rs 374.95.

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RDB Realty & Infrastructure announces change in Company Secretary
Jan 16,2017

RDB Realty & Infrastructure announced that Deepika Sethia has resigned from the office of Company Secretary of the Company w.e.f. 16 January 2017.

Further, the Board of Directors, vide Circular resolution dated 16 January 2017 has appointed Madhuri Gulgulia, who is a qualified Company Secretary as the Compliance Officer of the Company in terms of Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 2(1) (c) of SEBI (Prohibition of Insider Trading) Regulations, 2015, and she will be responsible for all compliance related matters and Investor Relations till the time the Board appoints a Company Secretary of the Company under section 203 of the Companies Act, 2013.

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Den Networks leads gainers on BSEs A group
Jan 16,2017

Den Networks rose 6.87% at Rs 86.30. The stock topped the gainers in A group. On the BSE, 3.99 lakh shares were traded on the counter so far as against the average daily volumes of 63,000 shares in the past two weeks.

Manappuram Finance rose 6.05% at Rs 78. The stock was the second biggest gainer in A group. On the BSE, 6.84 lakh shares were traded on the counter so far as against the average daily volumes of 4.54 lakh shares in the past two weeks.

JK Tyre & Industries rose 5.37% at Rs 134.45. The stock was the third biggest gainer in A group. On the BSE, 5.65 lakh shares were traded on the counter so far as against the average daily volumes of 3.08 lakh shares in the past two weeks.

Housing Development & Infrastructure (HDIL) rose 5.20% at Rs 65.80. The stock was the fourth biggest gainer in A group. On the BSE, 30.56 lakh shares were traded on the counter so far as against the average daily volumes of 17.45 lakh shares in the past two weeks.

DLF rose 4.71% at Rs 129.95. The stock was the fifth biggest gainer in A group. On the BSE, 13.98 lakh shares were traded on the counter so far as against the average daily volumes of 11.58 lakh shares in the past two weeks.

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Ester Industries provides business update
Jan 16,2017

Ester Industries has filed another Patent application under PCT (Patent Cooperation Treaty) for Master Batch to produce Speciality polyester yarn. The Company has till now filed Patents for 9 products in Speciality Polymer business.

The Company is also planning to set up R&D and Innovation centre at Gurgaon at an approximate cost of Rs. 50 crore.

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Board of Purshottam Investofin to consider December quarter results
Jan 16,2017

Purshottam Investofin announced that the meeting of the Board of Directors of Company has been scheduled to be held on 25 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Quarter ended on 31 December 2016.

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Niwas Spinning Mills Board to consider December quarter results
Jan 16,2017

Niwas Spinning Mills announced that a Meeting of Board of Directors of the Company is proposed to be held on 30 January 2017, inter alia, the following subject will be considered at this meeting :

- To take on record un-audited Limited reviewed financial results for the quarter ended 31 December 2016.

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Shreyas Shipping & Logistics to announce December quarter results
Jan 16,2017

Shreyas Shipping & Logistics announced that the meeting of the Board of Directors of the Company will be held on 11 February 2017, inter alia, to consider and approve unaudited financial results of the Company for the quarter ended 31 December 2016.

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Gartner Says More Than 40 Percent of Data Science Tasks Will Be Automated by 2020
Jan 16,2017

More than 40 percent of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by citizen data scientists, according to Gartner, Inc.

Gartner defines a citizen data scientist as a person who creates or generates models that use advanced diagnostic analytics or predictive and prescriptive capabilities, but whose primary job function is outside the field of statistics and analytics.

According to Gartner, citizen data scientists can bridge the gap between mainstream self-service analytics by business users and the advanced analytics techniques of data scientists. They are now able to perform sophisticated analysis that would previously have required more expertise, enabling them to deliver advanced analytics without having the skills that characterize data scientists.

With data science continuing to emerge as a powerful differentiator across industries, almost every data and analytics software platform vendor is now focused on making simplification a top goal through the automation of various tasks, such as data integration and model building.

Making data science products easier for citizen data scientists to use will increase vendors reach across the enterprise as well as help overcome the skills gap, said Alexander Linden, research vice president at Gartner. The key to simplicity is the automation of tasks that are repetitive, manual intensive and dont require deep data science expertise.

Mr. Linden said the increase in automation will also lead to significant productivity improvements for data scientists. Fewer data scientists will be needed to do the same amount of work, but every advanced data science project will still require at least one or two data scientists.

Gartner also predicts that citizen data scientists will surpass data scientists in the amount of advanced analysis produced by 2019. A vast amount of analysis produced by citizen data scientists will feed and impact the business, creating a more pervasive analytics-driven environment, while at the same time supporting the data scientists who can shift their focus onto more complex analysis.

Most organizations dont have enough data scientists consistently available throughout the business, but they do have plenty of skilled information analysts that could become citizen data scientists, said Joao Tapadinhas, research director at Gartner. Equipped with the proper tools, they can perform intricate diagnostic analysis and create models that leverage predictive or prescriptive analytics. This enables them to go beyond the analytics reach of regular business users into analytics processes with greater depth and breadth.

According to Gartner, the result will be access to more data sources, including more complex data types; a broader and more sophisticated range of analytics capabilities; and the empowering of a large audience of analysts throughout the organization, with a simplified form of data science.

Access to data science is currently uneven, due to lack of resources and complexity not all organizations will be able leverage it, said Mr. Tapadinhas. For some organizations, citizen data science will therefore be a simpler and quicker solution their best path to advanced analytics.

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Board of Punjab Communications to consider December quarter results
Jan 16,2017

Punjab Communications announced that the 189th meeting of the Board of Directors of the Company is proposed to be convened on 14 February 2017, to take on record the Un-audited (Provisional) Quarterly Financial Results of the Company for the quarter ended on 31 December 2016.

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Board of Vikas EcoTech approves preferential issue of 2 crore new shares
Jan 16,2017

Vikas EcoTech announced that the Board of Directors of the Company at its meeting held on 16 January 2017 passed the resolution subject to approval of shareholders, to issue 2 crore new shares to Jayant Chheda, Chairman, Prince Pipes and Fittings on preferential basis. After this allotment, Jayant Chhedas stake in the Company will exceed 8%. He already owns 1.26% stake in the Company through an investment made in July 2016. His company Prince Pipes and Fittings is a long term and strategic customer of Vikas EcoTech. The total funds of Rs 34 crore will be utilised for expansion of R&D facilities, setting up new manufacturing plants and strengthening marketing efforts for both domestic and export markets.

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Board of Panama Petrochem to consider Q3 and 9M results
Jan 16,2017

Panama Petrochem announced that the meeting of the Board of Directors of the Company will be held on 11 February 2017, inter-alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the third quarter / nine months ended 31 December 2016.

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Board of Oriental Veneer Products to consider Q3 results
Jan 16,2017

Oriental Veneer Products announced that the meeting of the Board of Directors of our Company is scheduled to be held on 27 January 2017, inter alia, to transact the following business:

1. To consider and approve the un-audited financial results of the Company for the third quarter ended 31 December 2016 as prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. To consider the Limited Review Report for the third quarter ended 31 December 2016.

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Board of Srikalahasthi Pipes to consider Q3 and 9M results
Jan 16,2017

Srikalahasthi Pipes announced that a Meeting of the Board of Directors of the Company will be held on 04 February 2017, inter alia, to consider and approve Un-audited Financial Results of the Company for the quarter and nine months period ended 31 December 2016.

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V-Mart Retail announces resignation of company secretary and compliance officer
Jan 16,2017

V-Mart Retail announced that Sudhir Kumar has resigned from the Company as Company Secretary & Compliance Officer w.e.f. closing of business hours on 13 January 2017.

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