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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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Manaksia Coated Metals & Industries to hold board meeting
Nov 01,2016

Manaksia Coated Metals & Industries will hold a meeting of the Board of Directors of the Company on 9 November 2016, to approve the Un-audited Financial Results (both standalone & Consolidated) of the Company for the quarter and half year ended 30 September 2016.

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Manaksia Aluminium Company to hold board meeting
Nov 01,2016

Manaksia Aluminium Company will hold a meeting of the Board of Directors of the Company on 9 November 2016, to approve the Un-audited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Tiger Logistics (India) to hold board meeting
Nov 01,2016

Tiger Logistics (India) will hold a meeting of the Board of Directors of the Company on 14 November 2016, to approve the financial result (for the quarter ended 30 September 2016

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Bambino Agro Industries director resigns
Nov 01,2016

Bambino Agro Industries has announced that M Subramanyam the Whole Time Director of the Company has tendered his resignation from the position on 31st October 2016 and henceforth ceases to be a director of the company effective the mentioned date.

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Eicher Motors gains after good motorcycle sales in October
Nov 01,2016

The announcement was made during trading hours today, 1 November 2016.

Meanwhile, the BSE Sensex was down 15.15 points, or 0.05%, to 27,915.06.

On BSE, so far 2,492 shares were traded in the counter, compared with average daily volume of 3,586 shares in the past one quarter. The stock hit a high of Rs 24,957.35 and a low of Rs 24,200 so far during the day. The stock hit a record high of Rs 26,601.95 on 29 September 2016. The stock hit a 52-week low of Rs 14,817.75 on 19 January 2016. The stock had underperformed the market over the past 30 days till 30 October 2016, falling 3.59% compared with 0.23% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.73% as against Sensexs 0.26% decline.

The large-cap company has equity capital of Rs 27.20 crore. Face value per share is Rs 10.

Sales of motorcycle models with engine capacity upto 350cc rose 35% to 55,188 units in October 2016 over October 2015. Sales of motorcycle models with engine capacity exceeding 350cc rose 6% to 3,939 units in October 2016 over October 2015.

Total motorcycle exports rose 95% to 748 units in October 2016 over October 2015.

On a consolidated basis, net profit of Eicher Motors rose 45.19% to Rs 413.16 crore on 35.14% rise in net sales to Rs 1748.44 crore in Q2 September 2016 over Q2 September 2015.

Eicher Motors (EML) is the flagship company of the Eicher Group. EML is one of the leading players in the Indian automotive space. EML owns the iconic Royal Enfield motorcycle business which leads the premium motorcycle segment in India. EMLs joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient trucks and buses.

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Strides Shasun receives USFDA approval
Nov 01,2016

Strides Shasun has received approval from the United States Food and Drug Administration (USFDA) for Abacavir Tablets USP, 300 mg which is used for the treatment of HIV-1 infection in combination with other antiretroviral agents.

The product will be manufactured at the Companys USFDA approved facility at Bangalore and marketed by Strides in the US Market.

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Indian Terrain Fashions Company Secretary resigns
Nov 01,2016

Indian Terrain Fashions has announced that J Manikandan the Company Secretary and Compliance Officer of the Company has resigned from the position at the close of business hours on 31 October 2016.

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South Indian Bank revises MCLR
Nov 01,2016

South Indian Bank with effect from 01st November 2016 has revised its Marginal Cost of Funds Based Lending Rate (MCLR) as follows: Overnight MCLR: 9.30%, One-month MCLR: 9.35%, Three-month MCLR: 9.40%, Six-month MCLR: 9.50%, and One year MCLR: 9.80%.

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Board of Dwitiya Trading approve sub-division of shares
Nov 01,2016

The board of Dwitiya Trading at the meet5ing held on 31st October 2016 has approved the sub-division of equity shares of the company of face value of Rs. 10/- each, into 5 Equity Shares of face value of Rs. 2/- each, and the change in name of the company to n++Spice Industries Limitedn++ and the subsequent alteration in the Memorandum and Articles of Association of the Company subject to the approval of the members at the ensuing Extra-ordinary General Meeting

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Strides Shasun gains after USFDA approval for Abacavir tablets
Nov 01,2016

The announcement was made during trading hours today, 1 November 2016.

Meanwhile, the BSE Sensex was down 3.55 points, or 0.01%, to 27,926.66.

On BSE, so far 42,000 shares were traded in the counter, compared with average daily volume of 71,555 shares in the past one quarter. The stock hit a high of Rs 1,069 and a low of Rs 1,026.20 so far during the day. The stock hit a record high of Rs 1,412.45 on 23 November 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 30 October 2016, rising 3.53% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 8.41% as against Sensexs 0.26% decline.

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

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 in Bangalore. The company has four business verticals, viz., regulated markets, emerging markets, institutional business and pharmaceutical services & active ingredients.

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COSYN to hold board meeting
Nov 01,2016

COSYN will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and approve the unaudited Financial Results of the Company for the Quarter ended September 30, 2016.

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Ujjivan Financial Services to hold board meeting
Nov 01,2016

Ujjivan Financial Services will hold a meeting of the Board of Directors of the Company on 9 November 2016, to consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30 September 2016.

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Ashari Agencies to hold board meeting
Nov 01,2016

Ashari Agencies will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and take on record the Unaudited Financial Results for the quarter ended 30 September 2016.

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Blue Chip India to hold board meeting
Nov 01,2016

Blue Chip India will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Silicon Valley Infotech to hold board meeting
Nov 01,2016

Silicon Valley Infotech will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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