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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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Dilip Buildcon hits record high
May 18,2017

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P BSE Sensex was down 146.18 points or 0.48% at 30,512.59. The S&P BSE Mid-Cap index was down 139.72 points or 0.93% at 14,937.25.

On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 46,625 shares in the past one quarter. The stock had hit a high of Rs 529.45 so far during the day, which is a record high. The stock hit a low of Rs 509 so far during the day.

The stock had hit a record low of Rs 178.60 on 9 November 2016. It had outperformed the market over the past one month till 17 May 2017, surging 22.82% compared with the Sensexs 4.23% rise. The scrip had also outperformed the market over the past one quarter, gaining 79.53% as against the Sensexs 7.69% rise.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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Kotak Mahindra Bank announces hike in foreign investment limit
May 18,2017

Kotak Mahindra Bank has intimated of increase in ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) from the current limit of 42% to 43%.

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Sicagen India soars after robust Q4 results
May 18,2017

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P BSE Sensex was down 117.83 points, or 0.38% to 30,540.94.

On the BSE, 1.26 lakh shares were traded in the counter so far, compared with average daily volumes of 84,749 shares in the past one quarter. The stock had hit a high of Rs 46.35 and a low of Rs 42.20 so far during the day. The stock hit a 52-week high of Rs 47.25 on 9 May 2017. The stock hit a 52-week low of Rs 17 on 2 June 2016.

The stock had outperformed the market over the past one month till 17 May 2017, rising 25.84% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 52.83% as against Sensexs 8.33% rise.

The small-cap company has equity capital of Rs 39.57 crore. Face value per share is Rs 10.

On a consolidated basis, Sicagen Indias net profit jumped 598.11% to Rs 7.40 crore on 18.34% rise in net sales to Rs 710.86 crore in the year ended March 2017 over the year ended March 2016.

Sicagen Indias core business is trading of building materials such as steel pipes and fittings, construction and structural steel, stainless steel sheets, pipes and fittings, cables, PVC/HDPE pipes and fittings and cement.

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United Breweries to pay dividend for FY 2017
May 18,2017

United Breweries announced that dividend for FY 2017 shall be paid on or before 24 October 2017.

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Cabinet approves four laning of Porbandar-Dwarka Section of NH-8E in Gujarat
May 18,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the development of four laning of Porbandar-Dwarka Section of NH-8E in Gujarat.

The cost is estimated to be Rs.1958.88 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road to be developed is approximately 118 kms.

This work will be done under the National Highways Development Project (NHDP) Phase IV on Hybrid Annuity Mode.

The project will help in expediting the improvement of infrastructure in Gujarat and in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Porbandar-Dwarka section. The development of this stretch will also help in uplifting the socio-economic condition of this region in the State.

It would also increase employment potential for local labourers for project activities. It has been estimated that a total number of 4,076 mandays are required for construction of one kilometre of highway. As such, employment potential of 4,80,000 (approx.) mandays will be generated locally during the construction period of this stretch.

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Marvel Web Solutions to hold board meeting
May 18,2017

Marvel Web Solutions will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Zenith Health Care to hold board meeting
May 18,2017

Zenith Health Care will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Mahavir Impex to hold board meeting
May 18,2017

Mahavir Impex will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Sunil Hitech Engineers to hold board meeting
May 18,2017

Sunil Hitech Engineers will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Saral Mining to hold board meeting
May 18,2017

Saral Mining will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Spice Mobility to hold board meeting
May 18,2017

Spice Mobility will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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HUL drops in early trade
May 18,2017

Meanwhile, the S&P BSE Sensex was down 111.09 points or 0.36% at 30,547.68.

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 1.58 lakh shares in the past one quarter. The stock had hit a high of Rs 1,014 so far during the day, which is a record high. The stock hit a low of Rs 993.35 so far during the day.

The stock had hit a 52-week low of Rs 782.95 on 23 December 2016. It had outperformed the market over the past one month till 17 May 2017, advancing 10.18% compared with the Sensexs 4.23% rise. The scrip had also outperformed the market over the past one quarter, gaining 19.47% as against the Sensexs 7.69% rise.

The large-cap company has equity capital of Rs 216.43 crore. Face value per share is Rs 1.

Hindustan Unilevers (HUL) net profit rose 6.2% to Rs 1183 crore on 6.8% rise in net sales to Rs 8100 crore in Q4 March 2017 over Q4 March 2016.

HULs Chairman Harish Manwani said that Q4 March 2017 has been a strong quarter with profitable volume driven growth. With gradual improvement in market conditions, the company remains optimistic about the medium term outlook for its sector.

Manwani believes that the Goods & Services Tax (GST) will be a win-win for all stakeholders.

HUL recommended a final dividend of Rs 10 per share for the financial year ended March 2017.

HUL is a leading fast moving consumer goods (FMCG) company.

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Commercial Synbags to hold board meeting
May 18,2017

Commercial Synbags will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve the Audited Financial results for the half year/year ended 31st March, 2017.

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Board of Vinati Organics recommends final dividend
May 18,2017

Vinati Organics announced that the Board of Directors of the Company at its meeting held on 13 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Vinati Organics to hold AGM
May 18,2017

Vinati Organics announced that the Annual General Meeting (AGM) of the company will be held on 29 July 2017.

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