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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Volumes jump at Intellivate Capital Ventures counter
Dec 06,2016

Intellivate Capital Ventures clocked volume of 24.81 lakh shares by 13:20 IST on BSE, a 24805.92-times surge over two-week average daily volume of 100 shares. The stock fell 4.91% at Rs 40.65.

Max Financial Services notched up volume of 3.36 lakh shares, a 21.95-fold surge over two-week average daily volume of 15,000 shares. The stock was down 0.04% at Rs 544.70.

Tata Chemicals saw volume of 1.88 lakh shares, a 4.27-fold surge over two-week average daily volume of 44,000 shares. The stock jumped 5.16% at Rs 499.75.

NTPC clocked volume of 10.11 lakh shares, a 4.17-fold surge over two-week average daily volume of 2.42 lakh shares. The stock gained 1.82% at Rs 165.10.

Crompton Greaves saw volume of 17.65 lakh shares, a 4.15-fold rise over two-week average daily volume of 4.25 lakh shares. The stock dropped 0.51% at Rs 68.65.

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Harmony Capital Service announces change in registered office
Dec 06,2016

Harmony Capital Service announced that after approval of the Regional Director (NWR), Ahmedabad, the registered office of the Company has shifted from Jaipur, state of Rajasthan to Mumbai, State of Maharashtra.

Now Address of New Registered Office is :

HARMONY CAPIAL SERVICES

OFFICE NO. 8A, 8th FLOOR,
ASTRAL CENTRE,
470B, N. M. JOSHI MARG,
CHINCHPOKLI - WEST,
MUMBAI-400 011.
TELEPHONE NO. 022-2300 1206

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Rudraksh Cap-Tech renamed as Alexander Stamps and Coin
Dec 06,2016

Rudraksh Cap-Tech announced that the Company have got the confirmation of the name of the Company has been changed from RUDRAKSH CAP TECH to ALEXANDER STAMPS AND COIN and that the Company is limited by shares from ROC on 06 December 2016. The Company had got the address change from Maharashtra to Gujarat confirmation also from ROC few months back. Now the Company is keen in developing this Company and will be taking this company to a different level from here.

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Pennar Engineered Building Systems incorporates subsidiary in US
Dec 06,2016

Pennar Engineered Building Systems announced that the Company has formed a subsidiary by the name PEBS Pennar LLC in United States of America (USA) for expansion of Companys Engineering Business.

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Sahyadri Industries gets revision in credit ratings
Dec 06,2016

Sahyadri Industries announced that CRISIL has reviewed the credit ratings of the Company -

Long term rating - CRISIL BB/ Stable (Downgraded from CRISIL BB+/Stable)

Short term rating - CRISIL A4+ (Reaffirmed)

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Board of Blue Circle Services decides to enter new business of agriculture / farming products
Dec 06,2016

Blue Circle Services announced that the Board of Directors of the Company at its meeting held on 06 December 2016 has decided to enter into new business segment of agriculture / farming products. The Company will start its activities into said agri-segment soon and will also commence marketing of agri products.

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Technocraft Industries (India) to announces September quarter and half year results
Dec 06,2016

Technocraft Industries (India) announced that a Meeting of the Board of Directors of the Company will be held on 14 December 2016, inter- alia to consider and approve the Un-Audited Financial Results for the quarter and half year ended 30 September 2016.

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Board of Allied Digital Services to consider September quarter results
Dec 06,2016

Allied Digital Services announced that the Meeting of Board of Directors of the Company is scheduled to be held on 14 December 2016 to consider, approve and take on records the standalone and consolidate Un-audited Financial Results of the Company for the quarter ended 30 September 2016, amongst other matters.

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South Asian Enterprises announces resignation of director
Dec 06,2016

South Asian Enterprises announced Divya Mehrotra has resigned from the Directorship of the Company w.e.f. 02 December 2016. Accordingly her cessation as Director of the Company from 02 December 2016.

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Tata Chemicals leads gainers in A group
Dec 06,2016

Tata Chemicals rose 5.29% to Rs 500.40 at 12:15 IST. The stock topped the gainers in the BSEs A group. On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 44,000 shares in the past two weeks.

Oberoi Realty gained 4.35% at Rs 295. The stock was second biggest gainer in A group. On the BSE, 8,221 shares were traded on the counter so far as against the average daily volumes of 76,000 shares in the past two weeks.

National Aluminium Company rose 4.26% to Rs 58.75. The stock was third biggest gainer in A group. On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 4.36 lakh shares in the past two weeks.

BEML gained 4.1% at Rs 875.45. The stock was fourth biggest gainer in A group. On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 21,000 shares in the past two weeks.

JK Tyre & Industries rose 4.08% to Rs 122.40. The stock was fifth biggest gainer in A group. On the BSE, 3.15 lakh shares were traded on the counter so far as against the average daily volumes of 3.66 lakh shares in the past two weeks.

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Oil & Natural Gas Corpn fixes record date for bonus issue
Dec 06,2016

Oil & Natural Gas Corpn announced that the Company has fixed 16 December 2016 as Record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus shares in the ratio of 1 (One) new equity bonus share of Rs.5/- each for every 2 (two) existing equity shares of Rs.5/- each held, subject to the approval of shareholders through postal ballot.

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US stocks end at record highs
Dec 06,2016

US stocks closed higher on Monday, 05 December 2016 as the Dow Jones Industrial Average finished at a record on Monday as solid economic data offset concerns about Europes stability in the wake of a rejection of Italys vote on Sunday to reform existing constitutional rules. The broader stock market rose after a survey showed that the services side of the economy grew at its fastest pace in November in a year. The Institute of Supply Management non manufacturing index climbed to 57.2 last month. Any reading over 50 indicates economic expansion.

The Dow Industrials rose 45.82 points, or 0.2%, to end at 19,216.24, after touching an intraday record of 19,274.85. The Nasdaq Composite Index advanced 53.24 points, or 1%, to finish at 5,308.89. The S&P 500 index climbed 12.76 points, or 0.6%, to close at 2,204.71 with financials and technology sectors leading the index higher.

Visa, Nike and Goldman Sachs Group were the top gainers on the Dow.

Equity indices enjoyed an upbeat start, rising alongside European stocks, even though the results of the constitutional reform referendum in Italy will invite political uncertainty going forward.

U.S. stocks jumped in November as investors bet that fiscal policies of President-elect Donald Trumps administration, such as tax cuts and infrastructure spending, will can help to boost the economy. Investors are also expecting the Federal Reserve, which meets next week, to raise interest rates for the first time since last December.

On Thursday, the European Central Bank will hold its regular monetary-policy meeting to decide on the scope of its quantitative easing and other measures, and analysts largely expect that will include some extension of its asset-buying program.

Economic data on Mon day was was limited to ISM Services. The ISM Services Index rose to 57.2 in November from 54.8 in October while the consensus expected an increase to 55.6. This report marked a 12-month high for the series, reaching levels from October 2015.

Crude oil retreated from its 17-month high hit earlier in the session ahead of this weekends non-OPEC producer meeting in Vienna, Austria to hammer out the details of the 600k barrel/day non-OPEC portion of the supply cut announced last Wednesday. Jan 2017 crude oil futures rose $0.05 (+0.1%) to $51.73/barrel. Natural gas surged to end at its highest level of the session ahead of Thursdays EIA Jan 2017 natural gas closed $0.21 higher (+6.1%) at $3.65/MMBtu.In precious metals, gold rebounded from levels near its 10-month low and silver closed at session highs on notable dollar weakness. Feb 2017 gold ended Mondays session down $1.10 (-0.1%) to $1,176.60/oz. March 2017 silver closed session $0.09 higher (+0.5%) at $16.92/oz.

Mondays participation was just below average as 915 million shares changed hands at the NYSE floor.

Tomorrow, Q3 Productivity (consensus 3.3%), Unit Labor Costs (consensus 0.2%), and October Trade Balance (consensus -$41.80 billion) will be released at 8:30 ET while October Factory Orders (consensus 2.5%) will cross the wires at 10:00 ET.

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Board of Gammon Infrastructure Projects to consider September quarter results
Dec 06,2016

Gammon Infrastructure Projects announced that the Board of Directors of the Company will meet on 14 December 2016, inter-alia, to consider and approve the un-audited financial results of the Company for the quarter ended 30 September 2016.

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Lupin receives tentative approval for Diclofenac Capsules
Dec 06,2016

Lupin announced that its US subsidiary Lupin Pharmaceuticals, Inc. has received tentative approval for its Diclofenac Capsules USP, 18 mg and 35 mg from the United States Food & Drug Administration to market a generic version of Iroko Pharmaceuticals LLCs Zorvolexn++ Capsules 18 mg and 35 mg.

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Amal announces resignation of MD
Dec 06,2016

Amal announced that in view of other professional engagements, Prashant Ogale - Managing Director of the Company has resigned and will be relieved from his duties on 14 December 2016 after office hours.

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