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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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Bombay Burmah Trading Corporation to hold board meeting
Mar 31,2017

Bombay Burmah Trading Corporation will hold a meeting of the Board of Directors of the Company on 30 March 2017.

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Sunstar Realty Development to hold board meeting
Mar 31,2017

Sunstar Realty Development will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Marsons to hold board meeting
Mar 31,2017

Marsons will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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IndiaNivesh to hold board meeting
Mar 31,2017

IndiaNivesh will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Enbee Trade & Finance to hold board meeting
Mar 31,2017

Enbee Trade & Finance will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Metalyst Forgings to hold board meeting
Mar 31,2017

Metalyst Forgings will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Shri Mahalaxmi Agricultural Deve. to hold board meeting
Mar 31,2017

Shri Mahalaxmi Agricultural Deve. will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Munak Chemicals to hold AGM
Mar 31,2017

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

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Sandur Manganese & Iron Ores to hold board meeting
Mar 31,2017

Sandur Manganese & Iron Ores will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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Patel Engineering to hold board meeting
Mar 31,2017

Patel Engineering will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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DCM to hold board meeting
Mar 31,2017

DCM will hold a meeting of the Board of Directors of the Company on 31 March 2017.

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PVR opens 4 screen multiplex
Mar 31,2017

PVR has opened a 4 screen multiplex at Nucleus Mall in Ranchi, Jharkhand. With this launch, PVR now operates 574 screens at 125 properties in 50 cities pan India.

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Glenmark Pharmaceuticals receives tentative approval for Milnacipran Hydrochloride Tablets
Mar 31,2017

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been grantedtentative approval by the United States Food & Drug Administration (U.S. FDA) for Milnacipran Hydrochloride Tablets, 12.5 mg, 25 mg, 50 mg and 100 mg, the generic version of Savellan++ Tablets, 12.5 mg, 25 mg, 50 mg and 100 mg of Allergan Sales, LLC.

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Precious metals turn dull
Mar 31,2017

Bullion prices settled lower on Thursday, 30 March 2017. Gold prices fell adding to a monthly loss, as the U.S. dollar regained its footing above a key technical level and equities traded mostly higher, drawing some investor attention away from the precious metal.

June gold which is now the most-active contract, fell $8.80, or 0.7%, to settle at $1,248 an ounce. The June contract, which ended flat on Tuesday and lost roughly 0.2% on Wednesday, marked its lowest settlement since March 20. For the month, gold futures traded about 0.7% lower, but have gained 8.1% year to date.

May silver ended at $18.206 an ounce, down 4.6 cents, or 0.3%.

The retreat for gold on Thursday came as the dollar, measured by the ICE U.S. Dollar Index climbed back above 100 after previously slipping below that level amid growing doubts about President Donald Trumps ability to implement dollar-boosting fiscal policies. The euro also weakened after a news report said European Central Bank officials had been alarmed by the market reaction to its March policy meeting.

A stronger dollar can weigh on commodities priced in the currency, making them less attractive to purchasers using other monetary units. The ICE U.S. Dollar Index was up 0.4% at 100.37, on track for a 0.6% gain this week.

Metals extended losses after a pair of economic reports - Latest jobless claims and a revised reading of gross domestic product. The reports early Thursday showed that the number of Americans who applied for first-time unemployment benefits in late March dropped by 3,000 to 258,000. Data also showed that the U.S. grew at a 2.1% annualized pace in the fourth quarter and corporate profits continued to rebound.

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JMC Projects builds gains after securing orders
Mar 31,2017

The announcement was made after market hours yesterday, 30 March 2017.

Meanwhile, the S&P Sensex was down 29.15 points, or 0.1% at 29,618.27. The S&P BSE Small-Cap index was up 71.64 points, or 0.5% at 14,402.89.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 16,553 shares in the past one quarter. The stock had hit a high of Rs 270.40 and a low of Rs 264.90 so far during the day.

The stock had hit a 52-week high of Rs 288 on 25 July 2016 and a 52-week low of Rs 183 on 21 November 2016. The stock had outperformed the market over the past one month till 30 March 2017, advancing 18.12% compared with the Sensexs 3.15% rise. The scrip had also outperformed the market over the past one quarter advancing 17% as against the Sensexs 11.35% rise.

The small-cap company has equity capital of Rs 33.58 crore. Face value per share is Rs 10.

JMC Projects (India) said that the company has secured new orders worth Rs 1058 crore. These projects include a residential building project in Thane worth Rs 531 crore and two commercial building projects in Bangalore worth Rs 527 crore.

S K Tripathi CEO & Dy. Managing Director, JMC Projects (India) said that the repeat orders resulted into a strong order book. It provides a visibility of a healthy and profitable growth over next two years.

JMC Projects (India)s net profit spurted 144.2% to Rs 18.19 crore on 4.8% decrease in net sales to Rs 548.14 crore in Q3 December 2016 over Q3 December 2015.

JMC Projects (India) is one of the leading civil engineering procurement constructions (EPC) company.

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