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Reliance Defence slips after weak Q4 earnings
Apr 12,2017

The result was announced after market hours yesterday, 11 April 2017.

Meanwhile, the S&P BSE Sensex was down 141.52 points, or 0.48% to 29,646.83.

On the BSE, 5.83 lakh shares were traded in the counter so far, compared with average daily volumes of 6.78 lakh shares in the past one quarter. The stock had hit a high of Rs 68 and a low of Rs 65.75 so far during the day.

The stock hit a 52-week high of Rs 72.85 on 1 August 2016. The stock hit a 52-week low of Rs 48.40 on 22 November 2016.

The stock had outperformed the market over the past one month till 11 April 2017, rising 16.30% compared with 2.91% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.10% as against Sensexs 9.76% rise.

The mid-cap company has equity capital of Rs 736.21 crore. Face value per share is Rs 10.

Reliance Defence & Engineering reported net loss of Rs 139.92 crore in Q4 March 2017 compared with net profit of Rs 102.44 crore in Q4 March 2016. Net sales jumped 140.6% to Rs 227.89 crore in Q4 March 2017 over Q4 March 2016.

The company reported net loss of Rs 523.43 crore in the year ended March 2017 compared with net loss of Rs 528.65 crore in the year ended March 2016. Net sales rose 69.4% to Rs 518.75 crore in the year ended March 2017 March 2017 over the year ended March 2017 March 2016.

On a consolidated basis, Reliance Defence & Engineering reported net loss of Rs 577.22 crore in the year ended March 2017 compared with net loss of Rs 592.42 crore in the year ended March 2016. Net sales rose 80.46% to Rs 563.34 crore in the year ended March 2017 March 2017 over the year ended March 2017 March 2016.

Reliance Defence and Engineering (RDEL) has a large ship building/repair infrastructure in India. It has one of the largest dry dock in the world.

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Pincon Spirit hardens as board approves fund raising proposal
Apr 12,2017

The announcement was made after market hours yesterday, 11 April 2017.

Meanwhile, the S&P BSE Sensex was down 183.37 points, or 0.62%, to 29,604.48. The S&P BSE Small-Cap index was down 191.19 points, or 1.28%, to 14,733.68.

On BSE, so far 71,000 shares were traded in the counter, compared with average daily volume of 1.42 lakh shares in the past one quarter. The stock hit a high of Rs 66.05 and a low of Rs 64.60 so far during the day. The stock hit a record high of Rs 89.40 on 25 July 2016. The stock hit a 52-week low of Rs 54.85 on 21 November 2016.

The stock had underperformed the market over the past one month till 11 April 2017, falling 1.31% compared with 2.91% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 9.63% as against Sensexs 9.76% rise.

The small-cap liquor maker has equity capital of Rs 44.09 crore. Face value per share is Rs 10.

Pincon Spirit announced that its board of directors at a meeting held yesterday, 11 April 2017, approved a proposal to raise funds through issue of up to 57.06 lakh equity share warrants on preferential basis to Monoranjan Roy, Aptex Enterprises, K.D. Liquor & Fertilizer, Majestic Bottlers, Priya Purnima Credits, Westwell Iron & Steel, Maa Tarini Natural Resources, Sudarshan Commtrade, Ecospace Infotech and Pincers Commodities.

Net profit of Pincon Spirit rose 51.62% to Rs 9.34 crore on 31.38% rise in net sales to Rs 311.90 crore in Q3 December 2016 over Q3 December 2015.

Pincon Spirit is a liquor company. The company is engaged in carrying on the business of blending, bottling and wholesale distribution of Indian made foreign liquor (IMFL) and Indian made Indian liquor (IMIL). In the FMCG space, the company is engaged in the manufacture of edible oils.

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NBCC (India) gains on good order book of subsidiary
Apr 12,2017

The announcement was made after market hours yesterday, 11 April 2017.

Meanwhile, the S&P BSE Sensex was up 6.10 points, or 0.02% to 29,794.45.

On the BSE, 16,000 shares were traded in the counter so far, compared with average daily volumes of 2.53 lakh shares in the past one quarter. The stock had hit a high of Rs 184 and a low of Rs 182.05 so far during the day.

The stock hit a record high of Rs 199.57 on 5 October 2016. The stock hit a 52-week low of Rs 117.73 on 24 June 2016.

The stock had outperformed the market over the past one month till 11 April 2017, rising 6.22% compared with 2.91% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 0.53% as against Sensexs 9.76% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

NBCC (India) announced that its subsidiary, Hindustan Steelworks Construction (HSCL), as on 1 April 2017, had an order book of Rs 8000 crore (approximately). For the financial year 2015-2016, the companys total revenue and net profit was Rs 1416 crore (approximately) and Rs 30.19 crore respectively. Presently, HSCL is a debt free company.

On a consolidated basis, NBCC (India)s net profit rose 15.9% to Rs 64.42 crore on 4% increase in net sales to Rs 1413.77 crore in Q3 December 2016 over Q3 December 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 22 February 2017).

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GIC Housing Finance drops on profit booking
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 215.30 points, or 0.73%, to 29,791.04. The S&P BSE Small-Cap index was up 142.07 points, or 0.96%, to 14,918.10

On BSE, so far 1.39 lakh shares were traded in the counter, compared with an average volume of 38,842 shares in the past one quarter. The stock hit a high of Rs 515 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 473.25 so far during the day. The stock hit a 52-week low of Rs 233 on 8 April 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 64.47% compared with 2.17% rise in the Sensex. The scrip, also outperformed the market in past one quarter, surging 85.58% as against Sensexs 9.95% rise.

The small-cap company has an equity capital of Rs 53.85 crore. Face value per share is Rs 10.

GIC Housing Finances net profit rose 12.55% to Rs 34.43 crore on 13.61% growth in total income to Rs 253.07 crore in Q3 December 2016 over Q3 December 2015.

GIC Housing Finance provides housing loans to both individuals and corporations.

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Karnataka Bank soars after ICICI Bank picks up stake
Apr 11,2017

The shareholding pattern was disclosed after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 215.69 points, or 0.73% to 29,791.43.

On the BSE, 23.64 lakh shares were traded in the counter so far, compared with average daily volumes of 3.87 lakh shares in the past one quarter. The stock had hit a high of Rs 161.70 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 146.50 so far during the day. The stock hit a 52-week low of Rs 83.76 on 11 April 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 7.15% compared with 2.17% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.65% as against Sensexs 9.95% rise.

The mid-cap company has equity capital of Rs 282.70 crore. Face value per share is Rs 10.

As on 31 March 2017, ICICI Bank held 30.72 lakh shares, or 1.09% stake, in Karnataka Bank.

Karnataka Banks net profit fell 29.3% to Rs 68.52 crore on 6.4% increase in operating income to Rs 1457.52 crore in Q3 December 2016 over Q3 December 2015.

Karnataka Bank is a private sector bank in India.

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Aditya Birla Money more than doubles in nine sessions
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 209.84 points, or 0.71% at 29,785.58. The S&P BSE Small-cap index was up 120.72 points, or 0.82% at 14,896.75.

High volumes were witnessed on the counter. On the BSE, 2.91 lakh shares were traded on the counter so far as against the average daily volumes of 40,640 shares in the past one quarter. The stock had hit a high of Rs 63.15 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 58 so far during the day.

The stock had hit a 52-week low of Rs 20.50 on 20 April 2016. The stock had outperformed the market over the past one month till 10 April 2017, advancing 102.65% compared with the Sensexs 2.17% rise. The scrip had also outperformed the market over the past one quarter advancing 114.77% as against the Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 5.54 crore. Face value per share is Rs 1.

Shares of Aditya Birla Money sizzled 108.07% in nine trading sessions to its current ruling price of Rs 63.15, from a close of Rs 30.35 on 28 March 2017.

Aditya Birla Money had issued a clarification to the stock exchanges on 7 April 2017 regarding sudden jump in its share price. The company said that there is no price sensitive information/announcement (including pending announcement) relating to the company which may have a bearing on the price/volume behavior in the scrip.

Aditya Birla Money reported net profit of Rs 2.76 crore in Q3 December 2016, as against net loss of Rs 0.38 crore in Q3 December 2015. Total income rose 11.6% to Rs 31.31 crore in Q3 December 2016 over Q3 December 2015.

Aditya Birla Money is engaged in the business of broking and related activities. The companys business is to provide brokerage services and portfolio management services (PMS) to its clients in the capital markets within India.

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Bitter pill for Cipla after bulk deal
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 191.28 points, or 0.65%, to 29,767.02

Bulk deal boosted volume on the scrip. On the BSE, so far 18.68 lakh shares were traded in the counter, compared with average daily volumes of 1.48 lakh shares in the past one quarter. The stock had hit a high of Rs 591.75 and a low of Rs 581 so far during the day.

The stock hit a 52-week high of Rs 621.90 on 6 February 2017. The stock hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had underperformed the market over the past one month till 10 April 2017, rising 0.11% compared with 2.17% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 2.24% as against Sensexs 9.95% rise.

The large-cap pharmaceutical company has equity capital of Rs 160.90 crore. Face value per share is Rs 2.

Ciplas consolidated net profit rose 43.85% to Rs 374.83 crore on 15.64% rise in net sales to Rs 3550.02 crore in Q3 December 2016 over Q3 December 2015.

Cipla is a global pharmaceutical company. Its portfolio includes over 1000 products across wide range of therapeutic categories.

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Tata Power, Adani Power slump as top court sets aside tribunal order
Apr 11,2017

Meanwhile, the BSE Sensex was up 181.27 points, or 0.61%, to 29,757.01.

Shares of Tata Power Company dropped 2.99% to Rs 84.50. The stock hit high of Rs 90.20 and low of Rs 81.30 so far during the day. On BSE, so far 25.11 lakh shares were traded in the counter, compared with an average volume of 3.47 lakh shares in the past two weeks.

Shares of Adani Power dropped 16.01% to Rs 37.25. The stock hit high of Rs 46.30 and low of Rs 36.55 so far during the day. On BSE, so far 1.16 crore shares were traded in the counter, compared with an average volume of 13.23 lakh shares in the past two weeks.

The Supreme Court (SC) today, 11 April 2017, set aside an earlier Appellate Tribunal for Electricity (Aptel) ruling that allowed Tata Power and Adani Power to charge compensatory tariff from consumers.

A bench comprising justices Pinaki Chandra Ghose and Rohinton F. Nariman ruled in a batch of appeals filed against an April 2016 ruling of Aptel which held that an unforeseen increase in the cost of coal would be a n++force majeure eventn++ under the power purchase agreements (PPAs) between power generating companies and distributors. SC said higher tariffs could be allowed only if there was a change in Indian laws.

The companies had cited a change in Indonesian regulations in 2010 as a force majeure event that increased the cost of coal imported by Tata Power and Adani Power from that country to fuel their electricity plants.

Tata Powers wholly-owned subsidiary Coastal Gujarat Power (CGPL) and Adani Powers Mundra project in Gujarat have PPAs with state discoms in Rajasthan, Gujarat, Haryana and Punjab. Both generating plants are fueled by coal imported from Indonesia.

On a consolidated basis, Adani Power reported net loss of Rs 323.61 crore in Q3 December 2016, compared with the net profit of Rs 109.49 crore in Q3 December 2015. Net sales declined 6.15% to Rs 5803.52 crore in Q3 December 2016 over Q3 December 2015.

Adani Power is the largest private thermal power producer in India with an installed capacity of 10,480 MW.

On a consolidated basis, net profit of Tata Power Company rose 38.30% to Rs 599.20 crore on 8.68% decline in net sales to Rs 6677.89 crore in Q3 December 2016 over Q3 December 2015.

Tata Power is Indias largest integrated power company with a significant international presence. The company has a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission, distribution and trading.

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Indian Hume Pipe turns hot after new order win
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the BSE Sensex was up 204.12 points, or 0.69%, to 29,779.86. The BSE Small-Cap index was up 105.82 points, or 0.72%, to 14,881.85.

On BSE, so far 9,090 shares were traded in the counter, compared with average daily volume of 5,097 shares in the past one quarter. The stock hit a high of Rs 424 and a low of Rs 416.50 so far during the day. The stock hit a 52-week high of Rs 459 on 9 February 2017. The stock hit a 52-week low of Rs 160 on 11 April 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 3.54% compared with 2.17% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 8.9% as against Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 9.69 crore. Face value per share is Rs 2.

Indian Hume Pipe Company secured work order from Public Health Engineering Department, NCR Region, Alwar, Government of Rajasthan for execution of the work of re-organization of urban water supply scheme at Alwar and Bhiwadi towns. The project is to be completed within 24 months from signing of agreement.

Indian Hume Pipe Companys net profit rose 182.09% to Rs 17.80 crore on 105.30% rise in net sales to Rs 406.50 crore in Q3 December 2016 over Q3 December 2015.

Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.

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Rural Electrification Corporation leads gainers on BSEs A group
Apr 11,2017

Rural Electrification Corporation rose 12.75% at Rs 206.05. The stock topped the gainers in A group. On the BSE, 27.75 lakh shares were traded on the counter so far as against the average daily volumes of 8.27 lakh shares in the past two weeks.

Power Finance Corporation rose 7.22% at Rs 163.40. The stock was the second biggest gainer in A group. On the BSE, 21.75 lakh shares were traded on the counter so far as against the average daily volumes of 7.69 lakh shares in the past two weeks.

Prestige Estates Projects rose 5.26% at Rs 219.15. The stock was the third biggest gainer in A group. On the BSE, 53,000 shares were traded on the counter so far as against the average daily volumes of 53,000 shares in the past two weeks.

Karnataka Bank rose 4.62% at Rs 152.90. The stock was the fourth biggest gainer in A group. On the BSE, 9.42 lakh shares were traded on the counter so far as against the average daily volumes of 3.21 lakh shares in the past two weeks.

Apollo Tyres rose 4.34% at Rs 226.20. The stock was the fifth biggest gainer in A group. On the BSE, 4.71 lakh shares were traded on the counter so far as against the average daily volumes of 3.33 lakh shares in the past two weeks.

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Goodluck India shines on plans to setup new manufacturing unit
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 157.78 points or 0.53% at 29,733.52. The S&P BSE Small-Cap index was up 86.57 points or 0.59% at 14,862.60.

On the BSE, so far 23,000 shares were traded in the counter, compared with average daily volumes of 14,089 shares in the past one quarter. The stock had hit a high of Rs 91.70 and a low of Rs 88.15 so far during the day.

The stock hit a record high of Rs 134.40 on 3 August 2016. The stock hit a 52-week low of Rs 78.10 on 22 November 2016. The stock had outperformed the market over the past one month till 10 April 2017, rising 3.49% compared with 2.17% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 5.46% as against Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 4.40 crore. Face value per share is Rs 2.

Goodluck India announced that the company is coming up with new manufacturing facility for its existing line of business eg. steel tubes, pipes, precision tubes etc. at its land situated at village: SikraTaluka-Bhachau (Kachchh), Gujarat. The companys existing manufacturing capacity is 2,30,000 MTPA and presently running at optimal capacity utilization The proposed manufacturing facility of approx 72,000 MTPA will add in the companys total production capacity, Goodluck India said.

The proposed manufacturing facility is coming up at companys already owned land in Gujarat with the total investment of Rs 74 crore which will met by debt and internal accruals/promoters contribution. The plant is expected to be commissioned by April 2018, the company said.

The location of proposed facility is within proximity of two ports i.e. Kandla Sea Port and Mundra Sea Port and strategically very suitable to the proposed project as it will reduce freight cost for exports to a significant extent and will give an edge over the competitors. Beside that proposed location for the project is well equipped with all the basic amenities and infrastructure facilities for the industry, it added.

Net profit of Goodluck India declined 80.54% to Rs 1.52 crore on 16.34% rise in net sales to Rs 302.94 crore in Q3 December 2016 over Q3 December 2015.

Goodluck India changed its name from Good Luck Steel Tubes in June 2016. The company is engaged in manufacturing and exporting of a wide range of galvanized sheets & coils, towers, hollow sections, CR coils CRCA and pipes & tubes. It also specializes in providing telecommunication structures, ERW steel tubes, ERW steel pipes, and galvanized black steel tubes.

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Delta Corp gains on bargain hunting
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 169.49 points, or 0.57% to 29,745.23.

On the BSE, 6.76 lakh shares were traded in the counter so far, compared with average daily volumes of 10.90 lakh shares in the past one quarter. The stock had hit a high of Rs 184.30 and a low of Rs 179.25 so far during the day.

The stock hit a record high of Rs 218.40 on 5 April 2017. The stock hit a 52-week low of Rs 76.80 on 6 May 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 4.58% compared with 2.17% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 38.52% as against Sensexs 9.95% rise.

The mid-cap company has equity capital of Rs 23.16 crore. Face value per share is Re 1.

Shares of Delta Corp fell 16.10% in four trading sessions to settle at Rs 179.25 yesterday, 10 April 2017, from its close of Rs 213.65 on 3 April 2017.

Recent selling in the stock was triggered by rumors of a possible merger of Daman and Diu -- a coastal Union Territory (UT) -- with the state of Gujarat.

As per market buzz, Prime Minister Narendra Modi, during his upcoming visit to the UT on 17 April 2017, may consider the proposal for the merger. The merger of Daman and Diu with Gujarat will hurt Delta Corps casino business in the region because gambling is banned in Gujarat. Delta Corp operates an integrated hotel and casino resort in Daman.

Delta Corps consolidated net profit rose 37.2% to Rs 10.06 crore on 4.47% increase in net sales to Rs 103.57 crore in Q3 December 2016 over Q3 December 2012.

Delta Corp owns three offshore casinos in Goa out of a total of six, making it the dominant player in Goa. In March 2014, Delta Corp launched The Deltin, Indias largest integrated casino resort, in Daman. The soon to be launched casino at The Deltin will be spread over 60,00 square feet, and will have approximately 1,000 gaming positions.

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Filatex India zooms 29.22% in eight sessions
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 184.33 points, or 0.62% at 29,760.07. The S&P BSE Small-cap index was up 120.42 points, or 0.81% at 14,896.45.

On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past one quarter. The stock had hit a high of Rs 148.80 and a low of Rs 144 so far during the day.

The stock had hit a record high of Rs 149.30 on 10 April 2017 and a 52-week low of Rs 38 on 8 April 2016. The stock had outperformed the market over the past one month till 10 April 2017, advancing 24.92% compared with the Sensexs 2.17% rise. The scrip had also outperformed the market over the past one quarter advancing 101.54% as against the Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 43.50 crore. Face value per share is Rs 10.

Shares of Filatex India sizzled 29.22% in eight trading sessions to its current ruling price of Rs 147.90, from a close of Rs 114.45 on 29 March 2017.

Filatex Indias net profit rose 25.4% to Rs 7.20 crore on 22.7% increase in net sales to Rs 366.59 crore in Q3 December 2016 over Q3 December 2015.

Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. It manufactures polyester and polypropylene multifilament yarn, and polyester chips.

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Gujarat Apollo Industries gains on buyback proposal
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 164.83 points, or 0.56% to 29,740.57.

On the BSE, 20,000 shares were traded in the counter so far, compared with average daily volumes of 8,983 shares in the past one quarter. The stock had hit a high of Rs 168 and a low of Rs 161 so far during the day.

The stock hit a 52-week high of Rs 180.60 on 9 February 2017. The stock hit a 52-week low of Rs 118 on 16 May 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 12.56% compared with 2.17% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.12% as against Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 13.66 crore. Face value per share is Rs 10.

Gujarat Apollo Industries announced that the meeting of its board of directors will be held on Thursday, 13 April 2017, to evaluate the proposal for buyback of equity shares of the company.

Gujarat Apollo Industries reported net profit of Rs 0.65 crore in Q3 December 2016 as against net loss of Rs 0.86 crore in Q3 December 2015. Net sales declined 28% to Rs 12.51 crore in Q3 December 2016 over Q3 December 2015.

Gujarat Apollo Industries manufactures and exports construction and mining equipments.

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Adani Transmission reverses recent rally
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 177.64 points or 0.6% at 29,753.88. The S&P BSE Mid-Cap index was up 101.82 points or 0.71% at 14,424.11

On the BSE, 4.48 lakh shares were traded in the counter so far as against average daily volume of 2.24 lakh shares in the past one quarter. The stock had hit a high of Rs 95.50 and a low of Rs 90 so far during the day. The stock had hit a record high of Rs 96 yesterday, 10 April 2017. The stock had hit a 52-week low of Rs 28.35 on 20 May 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 50.84% compared with 2.17% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 58.5% as against Sensexs 9.95% rise.

The large-cap company has equity capital of Rs 1099.81 crore. Face value per share is Rs 10.

Shares of Adani Transmission were on a roll recently surging 45.69% in five trading sessions to settle at Rs 93.75 yesterday, 10 April 2017 from its close of Rs 64.35 on 31 March 2017. The gains were triggered after the company announced that it has received letter of intents for three transmission projects in Rajasthan.

The stock had jumped 6.06% to Rs 68.25 on 3 April 2017 after the company said that it has received three letter of intents from RVPN (Rajasthan Rajya Vidyut Prasaran Nigam) to construct, own, operate and maintain three transmission projects in Rajasthan. The projects namely Hadoti Transmission Company (PPP-8), Barmer Transmission Company (PPP 9), and Thar Transmission Company (PPP-10) collectively have approximately 350 circuit kilometers (ckt kms) of lines and 16 substations with transformation capacity of approx. 600 MVA at voltage level of 132/220 KV. The announcement was made during market hours on 3 April 2017.

Adani Transmissions consolidated net profit jumped 32.8% to Rs 99.28 crore on 38.5% rise in net sales to Rs 729.22 crore in Q3 December 2016 over Q3 December 2015.

Adani Transmission is into power transmission business and is a part of business conglomerate Adani Group.

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