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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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Board of VKJ Infradevelopers consider expansion of business
Apr 24,2017

VKJ Infradevelopers announced that the Board of Directors of the Company in its meeting held on 24 April 2017 discussed in details and approved the following business prospectus for the Company: 1. To start the expansion of the new business operations of the Company in conjunction with existing business operations; 2. To raise the funds for the Implement the business expansion of the Company; 3. To discuss the various modes of raising funds including equity, debt or a combination thereof; 4. To raise the funds through the participation of Banks, Financial Institutions, Venture Capital Fund and/or alternate Investment Funds as per the best participations. The Board discussed in detail the benefits that the Company will accrue for its Stakeholders.

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Virat Industries to hold board meeting
Apr 24,2017

Virat Industries will hold a meeting of the Board of Directors of the Company on 4 May 2017.

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HDIL surges 5.3% in two sessions
Apr 24,2017

Meanwhile, the S&P BSE Sensex was up 151.94 points or 0.52% at 29,517.24. The S&P BSE Mid-Cap index was up 122.65 points or 0.81% at 15,288.96.

On the BSE, 22.78 lakh shares were traded on the counter so far as against the average daily volumes of 17.95 lakh shares in the past one quarter. The stock had hit a high of Rs 96.80 and a low of Rs 92.10 so far during the day.

The stock had hit a 52-week high of Rs 108.75 on 12 July 2016 and a 52-week low of Rs 52.25 on 27 December 2016. It had outperformed the market over the past one month till 21 April 2017, advancing 17.41% compared with the Sensexs 0.41% fall. The scrip had also outperformed the market over the past one quarter, gaining 51.82% as against the Sensexs 8.62% rise.

The mid-cap company has equity capital of Rs 434 crore. Face value per share is Rs 10.

Shares of Housing Development & Infrastructure (HDIL) have risen 5.34% in two trading sessions from its closing of Rs 89.75 on 20 April 2017, after the company said after market hours on 20 April 2017, it has launched a new residential project at Mulund, Mumbai. The stock had risen 2.17% to settle at Rs 91.70 on Friday, 21 April 2017.

HDIL announced that it has launched a new project The Nest at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project.

HDILs consolidated net profit dropped 83.8% to Rs 16.23 crore on 65.5% decline in net sales to Rs 109.32 crore in Q3 December 2016 over Q3 December 2015.

HDIL is a real estate development company, with significant operations in the Mumbai Metropolitan Region.

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ALTBalaji rolls out its Windows 10 Universal Application
Apr 24,2017

ALTBalaji has announced the roll out of its Windows 10 Universal Application. The app is available in the Windows 10 app store and works seamlessly across PCs, Laptops, Smart Phones and Surface Tablets running Windows 10 OS. The app will soon be rolled out on other popular Microsoft devices and platforms like Xbox, Surface Hub, and other devices through the Universal Windows Platform. Windows 10 has 400 million active users globally who can enjoy ALTBalajis original, exclusive and tailor made shows on variety of Window devices.

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Sun Pharma drops 8.14% in six sessions
Apr 24,2017

The clarification was issued by the company on Saturday, 22 April 2017.

The stock had dropped 2.41% to Rs 640.05 on Friday, 21 April 2017 after a report suggested that the company has received 11 observations from the US drug regulator for its Dadra unit.

Meanwhile, the S&P BSE Sensex was up 115.59 points, or 0.39% to 29,480.89.

The stock has declined 8.14% in six sessions to its ruling price of Rs 635.90, from a close of Rs 692.30 on 13 April 2017.

On the BSE, 1.53 lakh shares were traded in the counter so far, compared with average daily volumes of 3.74 lakh shares in the past one quarter. The stock had hit a high of Rs 645 and a low of Rs 632.55 so far during the day. The stock had hit a 52-week high of Rs 854.50 on 5 August 2016. The stock had hit a 52-week low of Rs 572.40 on 9 November 2016.

The stock had underperformed the market over the past one month till 21 April 2017, declining 8.47% compared with 0.41% drop in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 0.13% as against Sensexs 8.62% rise.

The large-cap company has equity capital of Rs 239.93 crore. Face value per share is Re 1.

With respect to news article titled FDA issues 11 observations for Dadra unit, Sun Pharmaceutical Industries clarified that companys Dadra facility underwent an inspection by United States Food & Drug Administration (USFDA) recently. This inspection was completed on 13 April 2017.

A Form-483 observation letter was issued by the USFDA post the inspection, listing 11 observations. The company is currently in the process of responding to the said letter to the USFDA within the stipulated timeline of 15 days.

It added that Sun Pharma and its subsidiaries have many facilities which supply products to the US market. These facilities undergo periodic routine inspection by the USFDA in normal course of business. As indicated above, the company is in the process of responding to the USFDA for the Form-483 observation letter issued for the Dadra facility.

If there are any material developments related to this inspection, the company will promptly inform the stock exchanges, Sun Pharma added.

On a consolidated basis, Sun Pharmaceuticals Industries net profit declined 11.2% to Rs 1721.85 crore on 8.4% rise in net sales to Rs 7683.24 crore in Q3 December 2016 over Q3 December 2015.

Sun Pharma is a specialty generic pharmaceutical company and Indias top pharmaceutical company.

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White Organic Agro receives license for manufacture of medicinal and nutritional products
Apr 24,2017

White Organic Agro has received license from Joint Commissioner, Food and Medical Controls Department for production of Medicinal and Nutritional Products at its Manufacturing Unit. Since a long time the management had been striving hard to procure Manufacturing license for various organic medicinal and Nutritional products (viz :- Ayurvedic and Herbal tablets, capsules and churna for oral consumption), as well as few cosmetic application for external application. For which, the company had applied for permission for manufacturing of the same at its Manufacturing facility at Rajkot, Gujarat. Now, the Joint Commissioner, Food and Medical Controls Department has granted the company to start its commercial production of various External preparation, Capsule, Oral Liquid categories at its manufacturing unit.

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Board of Mahindra Lifespace Developers recommends final dividend
Apr 24,2017

Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 22 April 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Mahindra Lifespace Developers to hold AGM
Apr 24,2017

Mahindra Lifespace Developers announced that the 18th Annual General Meeting (AGM) of the company will be held on 25 July 2017.

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Chankya Investments to hold EGM
Apr 24,2017

Chankya Investments announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 22 May 2017 .

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Board of Aro Granite Industries recommends final dividend
Apr 24,2017

Aro Granite Industries announced that the Board of Directors of the Company at its meeting held on 22 April 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of International Travel House recommends final dividend
Apr 24,2017

International Travel House announced that the Board of Directors of the Company at its meeting held on 22 April 2017, inter alia, have recommended the final dividend of Rs 4.25 per equity Share (i.e. 42.5%) , subject to the approval of the shareholders.

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Board of Gujarat Hotels recommends final dividend
Apr 24,2017

Gujarat Hotels announced that the Board of Directors of the Company at its meeting held on 22 April 2017, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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Board of CRISIL recommends dividend
Apr 24,2017

CRISIL announced that the Board of Directors of the Company at its meeting held on 20 April 2017, inter alia, have recommended the dividend of Rs 6 per equity Share (i.e. 600%) , subject to the approval of the shareholders.

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IndusInd Bank expands presence in Rajasthan
Apr 24,2017

IndusInd Bank recently inaugurated its first branch in Bhinder, known for its silver and cloth market. The branch is located at ground floor, Plot No. 04, outside Rampole Darwaja, Station Road, Bhinder, Udaipur, Rajasthan - 313603. With the inauguration of this branch, the Bank now has 94 branches in the state of Rajasthan.

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Tinplate moves north after strong Q4 numbers
Apr 24,2017

The result was announced after market hours on Friday, 21 April 2017.

Meanwhile, the S&P BSE Sensex was up 136.47 points or 0.46% at 29,501.77.

On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 80,154 shares in the past one quarter. The stock had hit a high of Rs 94.60 and a low of Rs 91.40 so far during the day.

The stock had hit a 52-week high of Rs 107.70 on 21 July 2016 and a 52-week low of Rs 64 on 9 November 2016. It had outperformed the market over the past one month till 21 April 2017, advancing 10.57% compared with the Sensexs 0.41% fall. The scrip had also outperformed the market over the past one quarter, gaining 9.2% as against the Sensexs 8.62% rise.

The small-cap company has equity capital of Rs 104.67 crore. Face value per share is Rs 10.

Tinplate Company of India is one of the leading indigenous producers of tin coated and tin free steel sheets in India.

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