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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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Volumes jump at Voltamp Transformers counter
Sep 01,2016

Voltamp Transformers clocked volume of 7.01 lakh shares by 14:05 IST on BSE, a 123.95-times surge over two-week average daily volume of 5,652 shares. The stock rose 3.84% to Rs 809.

Sical Logistics saw volume of 3.68 lakh shares, a 62.76-fold surge over two-week average daily volume of 5,866 shares. The stock jumped 13.4% to Rs 184.50.

Gujarat Pipavav Port notched volume of 13.26 lakh shares, a 56.29-fold surge over two-week average daily volume of 24,000 shares. The stock rose 1.74% to Rs 181.05

Mahindra CIE Automotive clocked volume of 7.56 lakh shares, a 36.99-fold surge over two-week average daily volume of 20,000 shares. The stock rose 2.12% to Rs 181.

Emami saw volume of 1.56 lakh shares, a 29.08-fold rise over two-week average daily volume of 5,374 shares. The stock rose 0.63% to Rs 1,155.25

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Swedish firms urged to cash in on early bird gains from Indias liberalised Defence Business Environment
Sep 01,2016

In a bid to deepen Indo-Swedish defence and aerospace cooperation, the Government of India has urged Swedish companies to forge large scale partnerships with Indian manufacturers and reap the early bird advantages from the amended defence procurement rules. The policy gives priority to indigenously designed, developed and manufactured defence equipment.

Mr. Sanjay Garg, Joint Secretary (DIP), Ministry of Defence, Government of India, the policy focus was not just on pure manufacturing. He said that the Government of India, on its part, in the last two years has approved 85% of the capital acquisition proposals under the new category called Buy Indian - Indigenously Designed, Developed and Manufactured (IDDM) and Buy and Make (I). He said that the time was ripe for Swedish companies to find the right partner from the Indian defence manufacturing industry.

Ms. Josa Karre, Charge dAffaires, Embassy of Sweden, in her remarks, pointed out that both Sweden and India have a strong industry base and India had now become an attractive place for investors, adding that n++We have the expertise and know-how in the defence and aerospace sector to support your success.n++

Ambassador Anders Bengtcen, Ministry of Foreign Affairs, Sweden, said that there was tremendous scope for collaboration between Swedish and Indian companies in aviation, maritime security and combat training and simulation for army personnel. n++Swedish companies are here for a long haul and this was possible because of the trust and reliability that they enjoy,n++ he added.

Mr. Jayant D Patil, Chairman, FICCI Defence & Aerospace Committee and Senior Vice President and Member of the Board, L&T Heavy Engineering & L&T Shipbuilding; Mr. Sudhakar Gande, Vice Chairman, AXISCADES Aerospace & Technologies and Chairman, FICCI Taskforce on Aerospace and Dr. A Didar Singh, Secretary General, FICCI, shared their perspectives on Indo-Swedish cooperation in defence and aerospace sectors, stating that the policy framework had been streamlined and was extremely supportive of building strong partnerships between Swedish and Indian companies.

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Jaiprakash Associates reverses recent gains
Sep 01,2016

Meanwhile, the BSE Sensex was up 57.81 points, or 0.20%, to 28,509.98.

On BSE, so far 33.41 lakh shares were traded in the counter, compared with average daily volume of 99.77 lakh shares in the past one quarter. The stock hit a high of Rs 11.50 and a low of Rs 11.08 so far during the day. The stock hit a 52-week high of Rs 14.90 on 16 October 2015. The stock hit a record low of Rs 5.30 on 2 June 2016. The stock had underperformed the market over the past 30 days till 31 August 2016, sliding 2.10% compared with 1.68% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 115.13% as against Sensexs 5.99% rise.

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

Shares of Jaiprakash Associates rose 4.67% in two trading sessions to settle at Rs 11.66 yesterday, 31 August 2016, from its close of Rs 11.14 on 29 August 2016.

Jaiprakash Associates reported net loss of Rs 1387.30 crore in Q4 March 2016, higher than net loss of Rs 858.07 crore in Q4 March 2015. Net sales declined 25.7% to Rs 1893.94 crore in Q4 March 2016 over Q4 March 2015.

Jaiprakash Associates is the flagship company of the Jaypee group and is engaged in engineering and construction, cement, real estate and hospitality businesses.

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Sankhya Infotech to hold AGM
Sep 01,2016

Sankhya Infotech announced that the 19th Annual General Meeting(AGM) of the company on 29 September 2016.

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MSP Steel & Power to hold AGM
Sep 01,2016

MSP Steel & Power announced that the 47th Annual General Meeting(AGM) of the company on 22 September 2016.

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Sun TV Network to hold AGM
Sep 01,2016

Sun TV Network announced that the 31th Annual General Meeting(AGM) of the company on 23 September 2016.

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Satia Industries to hold AGM
Sep 01,2016

Satia Industries announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Sankhya Infotech to hold board meeting
Sep 01,2016

Sankhya Infotech will hold a meeting of the Board of Directors of the Company on 30 August 2016 AGM

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JR Foods to hold AGM
Sep 01,2016

JR Foods announced that the 23th Annual General Meeting(AGM) of the company on 28 September 2016.

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Ujaas Energy to hold AGM
Sep 01,2016

Ujaas Energy announced that the 17th Annual General Meeting(AGM) of the company on 22 September 2016.

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Vaghani Techno-Build to hold AGM
Sep 01,2016

Vaghani Techno-Build announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Dynamic Portfolio Management & Serv. to hold AGM
Sep 01,2016

Dynamic Portfolio Management & Serv. announced that the 21th Annual General Meeting(AGM) of the company on 30 September 2016.

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Chordia Food Products to hold AGM
Sep 01,2016

Chordia Food Products announced that the th Annual General Meeting(AGM) of the company on 24 September 2016.

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MPIL Corporation to hold AGM
Sep 01,2016

MPIL Corporation announced that the th Annual General Meeting(AGM) of the company on 21 September 2016.

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Silicon Valley Infotech to hold AGM
Sep 01,2016

Silicon Valley Infotech announced that the 33th Annual General Meeting(AGM) of the company on 30 September 2016.

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