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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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Nestle India to hold board meeting
Sep 30,2016

Nestle India will hold a meeting of the Board of Directors of the Company on 28 October 2016.

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Board of Prakash Constrowell recommends dividend
Sep 30,2016

Prakash Constrowell announced that the Board of Directors of the Company at its meeting held on 29 September 2016, inter alia, have recommended the dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Electrosteel Steels to hold board meeting
Sep 30,2016

Electrosteel Steels will hold a meeting of the Board of Directors of the Company on 29 September 2016.

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Cyient to hold board meeting
Sep 30,2016

Cyient will hold a meeting of the Board of Directors of the Company on 13 October 2016 to take on record the un-audited financial results for the quarter and half year ended September 30, 2016 (Q2) and also to consider the declaration of interim dividend for the financial year 2016-17.

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ST Services to hold AGM
Sep 30,2016

ST Services announced that the th Annual General Meeting(AGM) of the company on 29 September 2016.

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Facor Steels to hold AGM
Sep 30,2016

Facor Steels announced that the 13th Annual General Meeting(AGM) of the company on 23 September 2016.

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Tirupati Foam to hold AGM
Sep 30,2016

Tirupati Foam announced that the 29th Annual General Meeting(AGM) of the company on 30 September 2016.

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Vinaditya Trading Company to hold AGM
Sep 30,2016

Vinaditya Trading Company announced that the 35th Annual General Meeting(AGM) of the company on 28 September 2016.

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Porwal Auto Components to hold AGM
Sep 30,2016

Porwal Auto Components announced that the 24th Annual General Meeting(AGM) of the company on 28 September 2016.

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Tata Sponge Iron to hold board meeting
Sep 30,2016

Tata Sponge Iron will hold a meeting of the Board of Directors of the Company on 21 October 2016 to consider and approve the audited financial results for the quarter and half year ending September 30, 2016.

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Western India Shipyard to hold board meeting
Sep 30,2016

Western India Shipyard will hold a meeting of the Board of Directors of the Company on 30 September 2016 to consider and take on record the unaudited Financial Results for the quarter ended June 30, 2016 and the audited financial statements for the year ended March 31, 2016.

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DS Kulkarni Developers to hold AGM
Sep 30,2016

DS Kulkarni Developers announced that the 25th Annual General Meeting(AGM) of the company on 29 September 2016.

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Olympic Oil Industries to hold board meeting
Sep 30,2016

Olympic Oil Industries will hold a meeting of the Board of Directors of the Company on 28 September 2016.

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Fredun Pharmaceuticals to hold board meeting
Sep 30,2016

Fredun Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 7 October 2016 to consider obtaining on lease premises for office use.

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Cipla slips after USFDA issues observations to Goa units
Sep 30,2016

The announcement was made during trading hours today, 30 September 2016.

Meanwhile, the BSE Sensex was down 24.41 points, or 0.09%, to 27,803.12.

The counter witnessed high volumes. On BSE, so far 7.67 lakh shares were traded in the counter, compared with average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 605 and a low of Rs 562.05 so far during the day. The stock hit a 52-week high of Rs 704.75 on 29 October 2015. The stock hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had outperformed the market over the past 30 days till 29 September 2016, rising 4.94% compared with 2.20% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.31% as against Sensexs 2.51% rise.

The large-cap company has equity capital of Rs 160.84 crore. Face value per share is Rs 2.

Cipla said that United States Food and Drug Administration (USFDA) recently concluded audit of the companys three manufacturing facilities at Goa and issued 4 observations across these three facilities. These observations were primarily procedural in nature and the company has already responded to these observations. Cipla said it continues to operate its facilities with a high level of compliance and control.

On a consolidated basis, Cipla reported 43.74% fall in net profit to Rs 365.24 crore on 6.94% fall in net sales to Rs 3499.81 crore in Q1 June 2016 over Q1 June 2015.

Cipla is a global pharmaceutical company.

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