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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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Rico Auto Industries to hold board meeting
Oct 25,2016

Rico Auto Industries will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider, the Unaudited Financial Results for the quarter and half year ended September 30, 2016.

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Kalpena Plastiks to hold board meeting
Oct 25,2016

Kalpena Plastiks will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the Un-audited Financial Results along with Limited Review Report of the Statutory Auditors thereon of the Company for the 02nd quarter ended on September 30, 2016.

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Nava Bharat Ventures jumps after stake sale in subsidiary companies
Oct 25,2016

The announcement was made after market hours yesterday, 24 October 2016.

Meanwhile, the BSE Sensex was down 110.23 points, or 0.39%, to 28,068.85.

On BSE, so far 2.64 lakh shares were traded in the counter, compared with average daily volume of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 144.50 and a low of Rs 139.50 so far during the day. The stock hit a 52-week high of Rs 145.60 on 5 October 2016. The stock hit a 52-week low of Rs 64 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 15.42% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.55% as against Sensexs 0.72% rise.

The small-cap company has equity capital of Rs 35.72 crore. Face value per share is Rs 2.

Nava Bharat Ventures said it successfully completed sale of 100% of the shares of Nava Bharat Lao Energy (NBLE) and thereby its 70% shareholding in Namphak Power Co (NPCL), by Nava Bharat (Singapore) (NBS), Nava Bharat Ventures (NBVL) said in a BSE filing.

NBS has entered into a sale and purchase agreement with Chaleun Sekong Group Sole Co., a company registered and existing under the Laws of the Lao PDR, to sell 100% equity stake in NBLE (wholly owned subsidiary of NBS) and thereby its 70% equity stake in NPCL which has been developing the 150 megawatts (MW) Hydel Power Project in Lao PDR.

According to the statement, NBLE and NPCL have ceased to be the subsidiaries of NBS and Nava Bharat Ventures with immediate effect.

The company said that the transaction was profitable and it not required to invest any more.

On a consolidated basis, net profit of Nava Bharat Ventures declined 32.05% to Rs 29.21 crore on 9.32% decline in net sales to Rs 313.72 crore in Q2 June 2016 over Q2 June 2015.

Nava Bharat Ventures (NBV) is a diversified organization with interests in power generation, ferro alloys, mining and agri-business. The company is in business for nearly four decades and operates in different geographies spanning across India and Africa.

Nava Bharat (Singapore) (NBS), a wholly owned subsidiary of NBV, is the overseas investment arm in various business verticals and geographies.

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Country Club Hospitality & Holidays to hold board meeting
Oct 25,2016

Country Club Hospitality & Holidays will hold a meeting of the Board of Directors of the Company on 3 November 2016 To approve the Sale of certain non-core assets of the Company, subject to the approval of members through Postal Ballot.

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Automobile Corporation of Goa intimates of change in Chairman of Tata Sons
Oct 25,2016

Automobile Corporation of Goa announced that Tata Sons, Promoters of the Companys promoter - Tata Motors, has replaced Cyrus Mistry as Chairman of Tata Sons Limited with immediate effect. Ratan N Tata shall be the Interim Chairman of Tata Sons until the new Chairman is appointed.

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Sayaji Hotels to hold board meeting
Oct 25,2016

Sayaji Hotels will hold a meeting of the Board of Directors of the Company on 24 October 2016.

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Kopran to hold board meeting
Oct 25,2016

Kopran will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve Unaudited Standalone and Consolidated Financial Results of the Company for the Second Quarter and Half Year ended on September 30, 2016.

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ITI to hold board meeting
Oct 25,2016

ITI will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve the Un-Audited Financial Results for the quarter ended September 30, 2016.

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Igarashi Motors India to hold board meeting
Oct 25,2016

Igarashi Motors India will hold a meeting of the Board of Directors of the Company on 10 November 2016.

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Indo Gulf Industries to hold board meeting
Oct 25,2016

Indo Gulf Industries will hold a meeting of the Board of Directors of the Company on 5 November 2016 to consider and approve the Unaudited Financial Results for the quarter and half-year ended September 30, 2016.

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Munjal Auto Industries to hold board meeting
Oct 25,2016

Munjal Auto Industries will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider and approve the Unaudited Financial Result for the quarter and half year ended September 30, 2016.

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Emergent Global Edu & Services to hold board meeting
Oct 25,2016

Emergent Global Edu & Services will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider and approve the un-audited financial results of the Company for the quarter/half year ended on September 30, 2016.

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Ashok Leyland to hold board meeting
Oct 25,2016

Ashok Leyland will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve the standalone unaudited financial results of the Company for the quarter and half year ended September 30, 2016 (Q2).

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Bombay Cycle & Motor Agency to hold board meeting
Oct 25,2016

Bombay Cycle & Motor Agency will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider, approve and take on record, the Un-audited (Reviewed) Financial Results and Segment-wise Financial Report of the Company for the Quarter and Half Year ended September 30, 2016.

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GSFC slumps after poor Q2 result
Oct 25,2016

The Q2 result was announced after market hours yesterday, 24 October 2016.

Meanwhile, the S&P BSE Sensex was down 123.84 points or 0.44% at 28,055.24

On BSE, so far 7.58 lakh shares were traded in the counter as against average daily volume of 4.39 lakh shares in the past one quarter. The stock hit a high of Rs 96.90 and a low of Rs 92.30 so far during the day. The stock had hit a 52-week high of Rs 102.50 yesterday, 24 October 2016. The stock had hit a 52-week low of Rs 57.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 28.34% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 33.2% as against Sensexs 0.72% rise.

The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.

Gujarat State Fertilizers & Chemicals (GSFC) is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

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