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Sejal Glass provides financial and business update
Jan 03,2017

Sejal Glass has paid debt of Rs 650 crore in its books and is in process of becoming almost debt free. The Company has taken the following steps -

- Reducing fixed costs and started converting it into variable costs.
- Improve production efficiencies
- change sales policy to secured payment terms.

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White Diamond Industries launches new medines and nutritional prodcuts
Jan 03,2017

White Diamond Industries announced the launch of the following medicinal and nutritional products - Durva Powder, Rasayan Capsule, Thyrocare Capsule, Gokharu Capsule and Powder, Sitopaladi Powder, Gaumutra - Gomutra and Organic Honey.

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Titan jumps after impressive business update in Q3
Jan 03,2017

The company issued the business update after market hours yesterday, 2 January 2017.

Meanwhile, the S&P BSE Sensex was up 37.63 points or 0.14% at 26,633.08.

On the BSE, 1.34 lakh shares were traded on the counter so far as against the average daily volumes of 3.25 lakh shares in the past one quarter. The stock had hit a high of Rs 351.55 and a low of Rs 339 so far during the day.

The stock had hit a 52-week high of Rs 445 on 7 September 2016 and a 52-week low of Rs 296.30 on 21 November 2016. It had outperformed the market over the past one month till 2 January 2017, surging 6.47% compared with the Sensexs 1.39% rise. The scrip had, however, underperformed the market over the past one quarter declining 15.82% as against the Sensexs 4.56% fall.

The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Rs 1.

Titan said it had one of its best festive seasons in the last few years with both Tanishq and Watches performing well above expectations.

Titan said that post the announcement of demonetization on 8 November 2016, all consumer facing businesses of the company witnessed a drastic slowdown for a few days after which recovery was clearly visible in modern retail and dedicated retail channels.

While the sale in these channels has recovered to pre-demonetisation levels, the sale in the trade channel in Watches (the multi brand outlets) has taken a hit and is yet to recover as most transactions in these outlets have been on cash basis, the company said.

The company is in the process of introducing multiple modes of electronic payment in all its stores, including UPI, E-wallets etc in order to provide customers with a plethora of payment options.

The company will continue the thrust on all its growth levers and introduce well designed products and collections to attract customers, Titan said. It also plans to continue with store expansions and investment plans in order to capitalize on the opportunities for growth and expansion.

Titan Companys net profit rose 23.5% to Rs 180.76 crore on 0.7% decline in net sales to Rs 2636.44 crore in Q2 September 2016 over Q2 September 2015.

Titan Companys main business lines are watches, jewellery and eyewear.

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Suven Life Sciences secures two product patents
Jan 03,2017

Suven Life Sciences has been granted one (1) product patent from Eurasia (025136) and one (1) product patent from Norway (339034) corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2025 respectively.

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Bhilwara Technical Textiles Board to review Q3 and 9M results
Jan 03,2017

Bhilwara Technical Textiles announced that a meeting of the Board of Directors of the Company is scheduled to be held on 20 January 2017, to consider and approve the unaudited financial results of the Company for the quarter and Nine Months ended the 31 December 2016.

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Board of Elecon Engineering Company to consider Q3 and 9M results
Jan 03,2017

Elecon Engineering Company announced that the meeting of the Board of Directors of the Company will be held on 08 February 2017, to consider and approve the Unaudited Financial Results (Both Standalone & Consolidated) for the quarter & nine months ended on 31 December 2016.

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Maral Overseas to announce Q3 and 9M results
Jan 03,2017

Maral Overseas announced that a meeting of the Board of Directors or the Company is scheduled to be held on 20 January 2017 to consider and approve the unaudited financial results of the Company for the quarter and nine months ended the 31 December 2016.

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Panacea Biotec increases availability of Life Saving Drug Cilamin 250
Jan 03,2017

Panacea Biotec announced that it has increased the availability of Life Saving Drug Cilamin 250 (D-Penicillamine IP 250 mg) Capsules used for treatment of Wilsons disease, Rheumatoid, Arthritis and other conditions. These capsules witnessed short supply in the market during last few months due to non-availability of raw material i.e. D-Penicillamine, in India.

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MEP Infra strengthens after receiving fee collection rights for toll plaza
Jan 03,2017

The announcement was made during market hours today, 3 January 2017.

Meanwhile, the BSE Sensex was unchanged at 26,595.68.

On the BSE, 23,297 shares were traded in the counter so far, compared with average daily volume of 45,621 shares in the past one quarter. The stock had hit a high of Rs 39 and a low of Rs 36.30 so far during the day. The stock had hit a 52-week high of Rs 50 on 23 September 2016. The stock had hit a record low of Rs 34 on 24 November 2016.

The stock had outperformed the market over the past one month till 2 January 2017, rising 3.56% compared with Sensexs 1.39% rise. The scrip had, however, underperformed the market in past one quarter, dropping 10.57% as against Sensexs 4.56% decline.

The small-cap company has equity capital of Rs 162.57 crore. Face value per share is Rs 10.

MEP Infrastructure Developers announced that it has received the letter of acceptance (LOA) dated 2 January 2017 from National Highways Authority of India (NHAI) informing that it has been engaged as the contractor for the collection of user fee through competitive bidding on e-tender basis only for Brijghat fee plaza for the section of Hapur-Garhmuketeshwar of National Highways No. 24 in Uttar Pradesh.

The period of the contract is one year. The contractual amount for the project is Rs 60.03 crore payable to NHAI on a weekly basis over a period of one year.

The operations will commence within two days after complying the statutory formalities namely, submission of performance security, signing of contract as per the letter of acceptance.

MEP Infrastructure Developers consolidated net profit jumped 655.8% to Rs 62.42 crore on 1.2% drop in net sales to Rs 437.70 crore in Q2 September 2016 over Q2 September 2015.

MEP Infrastructure Developers is among the leading players in tolling operations in the road infrastructure sector.

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Ujaas Energy receives LoI from MOIL
Jan 03,2017

Ujaas Energy has received letter of Intent from MOIL for design, engineering, procurement & supply, construction, erection, testing & Commissioning of Solar PV Plant with Tracking system on turnkey basis 5.0 MW (AC) in Maharashtra.

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SML Isuzu advances after decent monthly sales
Jan 03,2017

The sales figures were announced after market hours yesterday, 2 January 2017.

Meanwhile, the S&P BSE Sensex was down 1.86 points or 0.01% at 26,593.59.

On the BSE, 2,111 shares were traded on the counter so far as against the average daily volumes of 12,058 shares in the past one quarter. The stock had hit a high of Rs 1,157.45 and a low of Rs 1,139.40 so far during the day.

The stock had hit a 52-week high of Rs 1,433.85 on 31 August 2016 and a 52-week low of Rs 645.50 on 29 February 2016. It had outperformed the market over the past one month till 2 January 2017, advancing 3.29% compared with the Sensexs 1.39% rise. The scrip had, however, underperformed the market over the past one quarter declining 11.21% as against the Sensexs 4.56% fall.

The small-cap company has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzus net profit rose 52.4% to Rs 9.69 crore on 13.5% growth in net sales to Rs 303.08 crore in Q2 September 2016 over Q2 September 2015.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 30 September 2016).

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PC Jeweller announces resignation of director
Jan 03,2017

PC Jeweller announced that Kusum Jain, Non-Executive Director has resigned as director from the Board of Directors of the Company w.e.f. 30 December 2016.

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Hathway Cable & Datacom provides update on subsidiary
Jan 03,2017

Hathway Cable & Datacom announced on 31 December 2016 that GTPL Hathway, a material subsidiary of the Company has filed Draft Red Herring Prospectus with Securities and Exchange Board of India as well as with both the Stock Exchanges i.e. BSE and National Stock Exchange of India.

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Hindustan Zinc announces change in nominee director
Jan 03,2017

Hindustan Zinc announced that the Government of India, Ministry of Mines vide their letter dated 29 December 2016 informed that Reena Sihha Puri has been appointed as Government Nominee Director on the Board of the Company with immediate effect, in place of Nikunja Bihari Dhal.

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IL&FS Engineering & Construction Co bags road project
Jan 03,2017

IL&FS Engineering & Construction Co announced on 30 December 2016 that the Company has received a Letter of Acceptance for a road contract on Bidar to Humnabad section on NH-50 from Ministry of Road Transport and Highways through CE(NH)PWD, Government of Karnataka for a total value of Rs 242.56 crore.

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