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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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SSWL gains after bagging repeat caravan wheels order
Dec 05,2016

The announcement was made during market hours today, 5 December 2016.

Meanwhile, the S&P BSE Sensex was up 116.29 points or 0.44% at 26,346.95.

On the BSE, 8,632 shares were so far traded in the counter as against average daily volume of 11,097 shares in the past one quarter. The stock had hit a high of Rs 630 and a low of Rs 612 so far during the day. The stock had hit a record high of Rs 775 on 14 October 2016. The stock had hit a 52-week low of Rs 284 on 17 February 2016.

The stock had underperformed the market over the past one month till 2 December 2016, falling 8.05% compared with Sensexs 4.71% fall. The scrip had, however, outperformed the market in past one quarter, gaining 6.47% as against Sensexs 8.07% drop.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels (SSWL) said that total order covers supplies of about 23,000 wheels in a period of four months. The orders comprise of mix of 13 inch and 14 inch steel wheels to be supplied from SSWLs Chennai plant with shipments starting from this month.

The order further augments SSWLs strong presence in the extremely competitive European Union (EU) caravan steel wheels market.

Net profit of Steel Strips Wheels rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.

SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

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Volumes jump at Whirlpool of India counter
Dec 05,2016

Whirlpool of India clocked volume of 2.58 lakh shares by 14:22 IST on BSE, a 38.02-times surge over two-week average daily volume of 7,000 shares. The stock fell 3.22% at Rs 887.

Power Grid Corporation of India notched up volume of 42.92 lakh shares, a 11.08-fold surge over two-week average daily volume of 3.87 lakh shares. The stock was down 0.6% at Rs 182.75.

Jamna Auto Industries saw volume of 3.87 lakh shares, a 9.02-fold surge over two-week average daily volume of 43,000 shares. The stock declined 0.96% at Rs 169.70.

Healthcare Global Enterprises clocked volume of 2.62 lakh shares, a 7.23-fold surge over two-week average daily volume of 36,000 shares. The stock fell 0.1% at Rs 248.95.

Crompton Greaves saw volume of 15.99 lakh shares, a 6.6-fold rise over two-week average daily volume of 2.42 lakh shares. The stock slumped 8.67% at Rs 69.50.

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Crompton Greaves leads losers in A group
Dec 05,2016

Crompton Greaves slumped 8.61% to Rs 69.55 at 13:45 IST. The stock topped the losers in the BSEs A group. On the BSE, 13.53 lakh shares were traded on the counter so far as against the average daily volumes of 2.42 lakh shares in the past two weeks.

Unitech skidded 5.22% at Rs 4.54. The stock was second biggest loser in A group. On the BSE, 52.27 lakh shares were traded on the counter so far as against the average daily volumes of 28.68 lakh shares in the past two weeks.

BF Utilities lost 3.45% to Rs 413.05. The stock was third biggest loser in A group. On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 84,000 shares in the past two weeks.

PVR declined 3.2% at Rs 1,065. The stock was fourth biggest loser in A group. On the BSE, 2,640 shares were traded on the counter so far as against the average daily volumes of 8,114 shares in the past two weeks.

Jubilant FoodWorks fell 2.95% to Rs 848.10. The stock was fifth biggest loser in A group. On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 32,000 shares in the past two weeks.

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Colgate-Palmolive (India) to pay 2nd interim dividend
Dec 05,2016

Colgate-Palmolive (India) announced that the 2nd interim dividend for financial year ending 31 March 2017 will be paid on 27 December 2016.

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Board of Colgate-Palmolive (India) declares 2nd interim dividend
Dec 05,2016

Colgate-Palmolive (India) announced that the Board of Directors of the Company, at their Meeting held on 05 December 2016, declared a second interim dividend of Rs. 3/- (Rupees Three only) per equity share of Re. 1 / - (face value) for the financial year ending 31 March2017. The said interim dividend will be paid on the paid-up equity share capital of Rs. 27.20 crore involving a total pay-out of Rs.98.22 Crore [including dividend distribution tax].

Further, the said interim dividend declared by the Board at their Meeting held on 05 December 2016 will be paid on 27 December 2016.

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Galaxy Entertainment Corporation to announces Q2 and HY results
Dec 05,2016

Galaxy Entertainment Corporation announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016, inter alia, to consider and approve the un-audited financial results of the Company for the second quarter and half year ended 30 September 2016 of the financial year ending 31 March 2017.

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Future Market Networks to announces Q2 and HY results
Dec 05,2016

Future Market Networks announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016, inter alia, to consider and approve the un-audited financial results of the Company for the second quarter and half year ended 30 September 2016 of the financial year ending 31 March 2017.

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Board of JMT Auto to consider September quarter and half year results
Dec 05,2016

JMT Auto announced that a meeting of the Board of Directors of the Company shall be held on 12 December 2016, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter/half-year ended 30 September 2016 in accordance with Regulation 29 and 33 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

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Ahluwalia Contracts (India) provides business update
Dec 05,2016

Ahluwalia Contracts (India) announced that the Company have received letter from Executive Engineer, Construction Division-2, Building Construction Department (B.C.D.) Patna, for Re-start of construction of International Convention Centre (ICC) and Police Headquarter Bhawan, Patna as per order of Honble National Green Tribunal (NGT), Eastern Zone Bench, Kolkata.

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Yes Bank gains after partnering with Ola to set up mobile ATMs
Dec 05,2016

The announcement was made during market hours today, 5 December 2016.

Meanwhile, the BSE Sensex was down 84.55 points, or 0.32%, to 26,146.11.

On the BSE, 29,475 shares were so far traded in the counter, compared with average daily volume of 3.34 lakh shares in the past one quarter. The stock had hit a high of Rs 1,170 and a low of Rs 1,150.10 so far during the day. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016.

The stock had underperformed the market over the past one month till 2 December 2016, falling 5.02% compared with Sensexs 4.71% fall. The scrip had also underperformed the market in past one quarter, declining 17.12% as against Sensexs 8.07% drop.

The large-cap private sector bank has equity capital of Rs 422.75 crore. Face value per share is Rs 10.

Yes Bank said that it has partnered with Ola, Indias most popular mobile app for transportation, to set up mobile automated teller machines (ATMs) and enable convenient cash withdrawals for citizens by any banks debit cards.

The service will be made available in over 30 locations across ten cities including, Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad and Jaipur. The withdrawal is enabled using point of sale machines available in Ola cabs stationed near Yes Bank branches across various locations in these cities.

The partnership is done to ease the process of cash withdrawals and provide seamless service to the customers with additional mobile infrastructure powered by Ola.

Yes Bank reported 31.3% rise in net profit to Rs 801.54 crore on 24.7% rise in total income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

Yes Bank is one of the leading private sector banks in India.

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Mold-Tek Packaging receives award of appreciation and innovation
Dec 05,2016

Mold-Tek Packaging has been conferred with 2 Awards from Asian Paints - PACON - 2016 for Winnovation and Securing Third Rank in Plastic category in PACON -2016-17 competition.

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Dwarikesh Sugar Industries gets ratings for various facilities
Dec 05,2016

Dwarikesh Sugar Industries announced that ICRA, vide its e-mail dated 05 December 2016 has upgraded the rating from [ICRA] BBB- (pronounced as ICRA Triple B Minus] to [ICRA] A- (pronounced as ICRA A Minus) with positive outlook for long term loans / Fund Based / Non Fund based facilities.

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Bilcare to announce September quarter and half year results
Dec 05,2016

Bilcare announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016, inter alia, to consider and take on record the Unaudited Financial Results for the quarter and half year ended 30 September 2016.

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Dredging Corp slumps after reverse turnaround in Q2
Dec 05,2016

The result was announced after market hours on Friday, 2 December 2016.

Meanwhile, the S&P BSE Sensex was down 72.52 points or 0.28% at 26,158.14.

On the BSE, 8,638 shares were traded on the counter so far as against the average daily volumes of 6,643 shares in the past one quarter. The stock had hit a high of Rs 394.90 and a low of Rs 381.15 so far during the day.

The stock had hit a 52-week high of Rs 465 on 31 August 2016 and a 52-week low of Rs 290 on 29 February 2016. It had outperformed the market over the past one month till 2 December 2016, sliding 2.01% compared with the Sensexs 4.71% fall. The scrip had, however, underperformed the market in the past one quarter, declining 8.35% as against the Sensexs 8.07% fall.

The small-cap company has equity capital of Rs 28 crore. Face value per share is Rs 10.

The companys net sales declined 2.2% to Rs 156.45 crore in Q2 September 2016 over Q2 September 2015.

State-run Dredging Corporation of India provides dredging services to the major ports of the country. The company is a pioneer organization in the field of dredging and maritime development. The Government of India owned 73.56% stake in the company end September 2016.

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Strides Shasun receives EIR for Control Test Laboratory in Chennai
Dec 05,2016

Strides Shasun announced that the companys Control Test Laboratory, which is part of its R&D Centre in Chennai was inspected by the USFDA in August 2016 has received the Establishment Inspection Report (EIR), thereby confirming the closure of the inspection. The laboratory continues to be USFDA approved.

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