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HCC spurts on hopes of reduction in debt
Sep 01,2016

The announcement was made after market hours yesterday, 31 August 2016.

Meanwhile, the BSE Sensex was up 30.36 points, or 0.11%, to 28,482.53.

On BSE, so far 41.69 lakh shares were traded in the counter, compared with average daily volume of 10.54 lakh shares in the past one quarter. The stock hit a high of Rs 32.60 and a low of Rs 29.20 so far during the day. The stock hit a 52-week high of Rs 29.20 on 21 October 2015. The stock hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had outperformed the market over the past 30 days till 31 August 2016, rising 24.15% compared with 1.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 46.67% as against Sensexs 5.99% rise.

The small-cap company has equity capital of Rs 77.92 crore. Face value per share is Re 1.

HCC announced that the Cabinet decision that requires Government agencies to pay 75% of arbitral awards will result in HCCs debt being reduced by half. HCC has arbitration awards for over Rs 3200 crore and with the cabinet decision, the company will get 75% of this amount immediately. Similarly, claims worth around Rs 5000 crore are in arbitration process. The cabinet decision will further help HCC to secure these awards within a duration of 12 months.

HCCs Chairman and Managing Director said that the company is pleased with the Cabinets decision on payment of arbitration awards to infrastructure companies. HCC will immediately be able to reduce its debt by almost half as a result and within 12 to 24 months, materially reduce it even further. With this, HCC will be able to participate in countrys infrastructure development in a much bigger way.

HCC has a standalone debt of Rs 4900 crore. The Cabinet decision will help the company to substantially reduce this amount, the company added.

The Cabinet Committee on Economic Affairs (CCEA) yesterday, 31 August 2016, approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Net profit of HCC rose 17.5% to Rs 10.88 crore on 1.7% rise in net sales to Rs 899.32 crore in Q1 June 2016 over Q1 June 2015.

HCC is into infrastructure development in transportation, power and water segments. HCC is developing a planned hill city named Lavasa near Pune in Maharashtra.

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BPCL drops as Q1 GRM declines
Aug 31,2016

Meanwhile, the S&P BSE Sensex was up 109.16 points or 0.39% at 28,452.17

On BSE, 2.52 lakh shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter. The stock hit a high of Rs 610 and a low of Rs 598.10 in intraday trade. The stock had hit a record high of Rs 616.55 on 8 August 2016. The stock had hit a 52-week low of Rs 366.10 on 23 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 2.06% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.01% as against Sensexs 6.1% rise.

The large-cap company has equity capital of Rs 1446.17 crore. Face value per share is Rs 10.

BPCLs net profit rose 11.01% to Rs 2620.50 crore on 2.99% fall in total income to Rs 57380.65 crore in Q1 June 2016 over Q1 June 2015. The company announced Q1 June 2016 results during market hours today, 31 August 2016.

In Q1 June 2016, BPCL did not get any discount from ONGC/GAIL (India)/NRL in respect of crude oil/products purchased from them compared with discount of Rs 203.33 crore in Q1 June 2015.

BPCL is a state-run oil refining-cum-marketing company. The Government of India currently holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2016).

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Construction stocks in demand
Aug 31,2016

HCC (up 19.83%), Unity Infraprojects (up 14.01%), Gammon Infrastructure Projects (up 6.71%), NCC (up 4.12%), Valecha Engineering (up 3.55%), Tarmat (up 2.31%), Patel Engineering (up 2.24%), KNR Constructions (up 2.14%), NBCC (up 1.17%), Man Infraconstruction (up 0.51%), RPP Infra Projects (up 0.14%) and Sunil Hitech (up 0.08%), edged higher. Sadbhav Engineering (down 0.25%) and IRB Infrastructure Developers (down 0.62%) edged lower.

The S&P BSE Sensex was up 152.11 points, or 0.54% at 28,495.12.

The Cabinet Committee on Economic Affairs (CCEA) today, 31 August 2016, approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Item-rate contracts, may be substituted by engineering, procurement, and construction (turnkey) contracts, and PSUs/departments may adopt the model EPC contracts for construction works. The Department of Financial Services, in consultation with Reserve Bank of India, may evolve a suitable one-time scheme for addressing stressed bank loans in the construction sector, the government said in a statement.

These initiatives are expected to help in improving the liquidity in the short run and reform the contracting regime in the long run. Given the significant multiplier effect the construction sector has on the economy, these measures are expected to give a major boost to economic growth. As the sector provides the largest segment of direct and indirect employment, the revival of the sector would also help in significant employment generation, according to the government statement

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Tata Motors hits 52-week high on plan to turnaround domestic business
Aug 31,2016

Meanwhile, the S&P BSE Sensex was up 140.46 points, or 0.5%, to 28,483.47

On BSE, so far 12.60 lakh shares were traded in the counter, compared with average daily volume of 9.20 lakh shares in the past one quarter. The stock hit a high of Rs 548.15 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 529 so far during the day. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 3.98% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.61% as against Sensexs 6.1% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors Chief Executive Officer & Managing Director Guenter Butschek was quoted as saying that the company is aiming to be among the top three car brands in India by year ended 31 March 2019 (FY 2019), from being in the fifth position in FY 2016. The company is rationalising the number of suppliers and will eliminate those that do not meet its standards on quality, cost and timely delivery, Butschek said according to reports.

Butschek who is at the helm of all operations of Tata Motors in India, South Korea, Thailand, Indonesia and South Africa was quoted as saying that Tata Motors has completed a study of its passenger vehicles business and will consider phasing out models that are not performing well. Butschek further said that company will launch products with new technologies and a focus on safety, low emissions and fuel economy, according to reports.

Tata Motors consolidated net profit declined 56.98% to Rs 2260.40 crore on 8.64% rise in total income to Rs 66559.08 crore in Q1 June 2016 over Q1 June 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Crompton Greaves gains nearly 5% in two sessions
Aug 31,2016

Meanwhile, the BSE Sensex was up 162.65 points, or 0.57%, to 28,505.66.

On BSE, so far 11.39 lakh shares were traded in the counter, compared with average daily volume of 5.92 lakh shares in the past one quarter. The stock hit a high of Rs 85.45 and a low of Rs 82.50 so far during the day. The stock hit a 52-week high of Rs 88.65 on 18 August 2016. The stock hit a 52-week low of Rs 38.79 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 4.59% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.16% as against Sensexs 6.10% rise.

The mid-cap company has equity capital of Rs 125.35 crore. Face value per share is Rs 2.

Shares of Crompton Greaves rose 1.93% to settle at Rs 81.95, yesterday 30 August 2016, on the back of improved Q1 results. The result was announced during trading hours. The stock has risen 4.98% in two trading sessions from its close of Rs 80.40 on Monday, 29 August 2016.

Crompton Greaves reported consolidated net loss of Rs 9.51 crore in Q1 June 2016, lower than net loss of Rs 62.20 crore in Q1 June 2015. Net sales rose 38.56% to Rs 1423.76 crore in Q1 June 2016 over Q1 June 2015.

Crompton Greaves is engaged in the business of power and industrial systems.

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Volumes jump at Rane Brake Lining counter
Aug 31,2016

Rane Brake Lining clocked volume of 63,000 shares by 13:52 IST on BSE, a 32.42-times surge over two-week average daily volume of 1,956 shares. The stock rose jumped 10% to Rs 797.75.

KEC International clocked volume of 9.54 lakh shares on BSE, a 25.17-times surge over two-week average daily volume of 38,000 shares. The stock shed 0.4% to Rs 135.55.

GlaxoSmithKline Pharmaceuticals notched up volume of 16,000 shares, a 14.53-fold surge over two-week average daily volume of 1,089 shares. The stock rose 1.26% to Rs 3,049.

Hindustan Construction Company clocked volume of 84.18 lakh shares, a 11.26-fold surge over two-week average daily volume of 7.47 lakh shares. The stock jumped 19.83% to Rs 27.50.

Deepak Nitrite saw volume of 4.44 lakh shares, a 9.86-fold surge over two-week average daily volume of 45,000 shares. The stock surged 14.32% to Rs 115.35.

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Surya Roshni gains on reports PE firms eye lighting biz
Aug 31,2016

Meanwhile, the BSE Sensex was up 152.52 points, or 0.54%, to 28,495.53.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with average daily volume of 69,994 shares in the past one quarter. The stock hit a high of Rs 192.20 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 184.50 so far during the day. The stock hit a 52-week low of Rs 109.50 on 8 September 2015. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 6.04% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.19% as against Sensexs 6.10% rise.

The small-cap company has equity capital of Rs 43.83 crore. Face value per share is Rs 10.

According to a media reports, Warburg Pincus and Bain Capital have expressed interest to buy into the lighting business of Surya Roshni, as the New Delhi-headquartered company is demerging it into a standalone unit. The private equity acquirers could shell about $400 million for the acquisition of the business, as per reports.

Net profit of Surya Roshni rose 27.16% to Rs 20.93 crore on 7.64% rise in net sales to Rs 845.44 crore in Q4 March 2016 over Q4 March 2015.

Surya Roshni has emerged as a vast conglomerate by being the largest in the steel segment and second largest in the realm of lighting. Surya has ventured into various other latitudes of business like fans, cold rolled strips and PVC pipes etc.

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Zee hits 52-week high after agreeing to sell sports broadcasting business
Aug 31,2016

The announcement was made during market hours today, 31 August 2016.

Meanwhile, the S&P BSE Sensex was up 93.78 points or 0.33% at 28,436.79.

On BSE, so far 2.17 lakh shares were traded in the counter compared with average daily volume of 83,070 shares in the past one quarter. The stock hit a high of Rs 543.85 so far during the day which is a 52-week high for the counter. The stock hit a low of Rs 523.85 so far during the day. The stock hit a 52-week low of Rs 350.15 on 17 February 2016. The stock had outperformed the market over the past one month till 30 August 2016, rising 6.56% compared with the Sensexs 1.04% rise. The scrip had also outperformed the market in past one quarter, gaining 19.15% as against Sensexs 6.05% rise.

The large-cap company has equity capital of Rs 96.04 crore. Face value per share is Rs 1.

Zee will sell its sports broadcasting business to Sony Pictures Networks India and its affiliates for all-cash consideration of $385 million. Zees sports broadcasting business is carried through TEN Sports channels brand that operates in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East and Caribbean. TEN Sports holds cricket broadcast rights from major cricket boards in the world. It also holds rights to wrestling, football, tennis, golf among other sporting events across the world.

The transaction is expected to be completed within 4 to 5 months. Zee said that the decision to sell the sports business is a part of reshuffle of the product portfolio. Zee is currently focusing on transforming itself into an all-round media and content company comprising of five verticals viz. broadcast, digital, films, live events and international business. The sports broadcasting business clocked revenue of Rs 631 crore for the year ended 31 March 2016 (FY 2016), constituting 10.79% of Zees consolidated revenue. The sports business incurred a net loss of Rs 37.20 crore in FY 2016.

Zees consolidated net profit rose 21.8% to Rs 216.96 crore on 18.5% growth in net sales to Rs 1571.62 crore in Q1 June 2016 over Q1 June 2015.

Zee Entertainment Enterprises is one of Indias leading television media and entertainment companies.

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J Kumar Infraprojects drops after selling by HDFC Standard Life Insurance
Aug 31,2016

Meanwhile, the S&P BSE Sensex was up 37.67 points, or 0.13%, to 28,380.68

On BSE, so far 1.61 lakh shares were traded in the counter, compared with average daily volume of 87,133 shares in the past one quarter. The stock hit a high of Rs 176.70 and a low of Rs 169.35 so far during the day. The stock hit a record high of Rs 449.75 on 6 October 2015. The stock hit a 52-week low of Rs 105.80 on 17 August 2016. The stock had underperformed the market over the past 30 days till 30 August 2016, falling 19.59% compared with 1.21% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 30.6% as against Sensexs 6.1% rise.

The small-cap company has an equity capital of Rs 37.83 crore. Face value per share is Rs 5.

HDFC Standard Life Insurance Company is a domestic institutional investor.

J Kumar Infraprojects net profit rose 4.68% to Rs 28.61 crore on 0.99% rise in total income to Rs 412.48 crore in Q4 March 2016 over Q4 March 2015.

J Kumar Infraprojects is a civil engineering company focussed on construction of roads, flyovers, civil construction of buildings, irrigation projects and piling works.

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Hindustan Copper gains after signing pact with CMDC for copper mining
Aug 31,2016

The announcement was made during trading hours today, 31 August 2016.

Meanwhile, the BSE Sensex was up 76.76 points, or 0.27%, to 28,419.77.

On BSE, so far 2.35 lakh shares were traded in the counter, compared with average daily volume of 1.83 lakh shares in the past one quarter. The stock hit a high of Rs 69.40 and a low of Rs 65.10 so far during the day. The stock hit a 52-week high of Rs 73.60 on 22 August 2016. The stock hit a 52-week low of Rs 42.30 on 24 May 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 4.74% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.57% as against Sensexs 6.10% rise.

The mid-cap company has equity capital of Rs 462.61 crore. Face value per share is Rs 5.

The joint venture company (JVC) will undertake exploration, mining and beneficiation of copper and its associated minerals in Chhattisgarh. In the JVC, the equity share holding of Hindustan Copper will be 74% and Chhattisgarh Mineral Development Corporation (CMDC) will hold the remaining 26% stake. Initially the JVC will be formed with an authorized paid up capital of Rs 10 crore to meet the cost of exploration. CMDC will be allotted 26% equity in the JVC for consideration other than cash which would be against the services to be provided by CMDC for facilitating the varied licenses and approvals from Chhattisgarh state government. Any further capital requirement in JVC for development of mine & beneficiation plant may be structured on mutual consent, depending on the project viability post exploration. CMDC is a Chhattisgarh state government enterprise.

Hindustan Copper reported net loss of Rs 2.88 crore in Q1 June 2016 as against net profit of Rs 20 crore in Q1 June 2015. Net sales declined 12.2% to Rs 205.99 crore in Q1 June 2016 over Q1 June 2015.

Hindustan Copper (HCL) is a vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal. The Government of India holds 89.95% stake in Hindustan Copper (as per shareholding pattern as on 30 June 2016).

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IDBI Bank gains after raising funds through issue of perpetual bonds
Aug 31,2016

The announcement was made after market hours yesterday, 30 August 2016.

Meanwhile, the S&P BSE Sensex was up 69.22 points, or 0.24%, to 28,412.23

On BSE, so far 4.14 lakh shares were traded in the counter compared with average daily volume of 7 lakh shares in the past one quarter. The stock hit a high of Rs 74.20 and a low of Rs 73.10 so far during the day. The stock hit a 52-week high of Rs 95.70 on 3 December 2015. The stock hit a 52-week low of Rs 47.40 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 6% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 9.7% as against Sensexs 6.1% rise.

The large-cap state-run bank has equity capital of Rs 2058.82 crore. Face value per share is Rs 10.

The bonds are perpetual bonds with a coupon rate of 11.09% per annum.

IDBI Banks net profit rose 78.35% to Rs 241.10 crore on 4% growth in total income to Rs 8219.43 crore in Q1 June 2016 over Q1 June 2015.

The Government of India currently holds 73.98% stake in IDBI Bank (as per the shareholding pattern as on 30 June 2016).

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RBL Bank sees strong debut
Aug 31,2016

The stock debuted at Rs 273.70, a premium of 21.64% to the initial public offer (IPO) price. So far the stock hit a high of Rs 300 and low of Rs 273.70. On BSE, so far 1.10 crore shares were traded on the counter.

The bank had priced the IPO at the top end of the Rs 224 to Rs 225 per share price band for the IPO. The IPO received overwhelming response from investors. The issue was subscribed 69.62 times.

The bank proposes to utilize the proceeds of the fresh issue to augment Tier-I capital base to meet its future capital requirements which are expected to arise out of growth in the banks assets, primarily the banks loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines. The bank also believes that the listing of equity shares will enhance the banks visibility and brand name among existing and potential customers.

RBL Bank is professionally managed and has no identifiable promoter. As on 31 March 2016, the bank had 197 interconnected branches and 362 interconnected ATMs spread across 16 Indian states and union territories serving approximately 1.90 million customers.

RBL Banks net profit rose 41.17% to Rs 292.49 crore on 36.46% growth in net total income to Rs 1309.75 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015). The bank has maintained asset quality amidst challenging macro environment. Gross NPA stood at 0.98% and net NPA stood at 0.59% at end March 2016. Standard restructured assets as a percentage of net advances stood at 0.09% as of end March 2016.

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Kotak Mahindra Bank scales record high as RBI allows stake hike by CPPIB
Aug 31,2016

The announcement was made after market hours yesterday, 30 August 2016.

Meanwhile, the S&P BSE Sensex was up 78.82 points or 0.28% at 28,421.83

On BSE, so far lakh 81,000 shares were traded in the counter as against average daily volume of 1.80 lakh shares in the past one quarter. The stock hit a high of Rs 807 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 791 so far during the day. The stock had hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 4.18% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 5.4% as against Sensexs 6.1% rise.

The large-cap bank has equity capital of Rs 918.19 crore. Face value per share is Rs 5.

Kotak Mahindra Bank said that the Reserve Bank of India (RBI) has informed the bank that it has granted approval to Canada Pension Plan Investment Board (CPPIB) for acquiring shares in excess of 5% and below 10% of the paid up capital of the bank. CPPIB, a registered foreign institutional investor in India, already owns 4.89% stake in Kotak Mahindra Bank (as per the shareholding pattern as on 30 June 2016).

Kotak Mahindra Bank net profit rose 290.96% to Rs 741.97 crore on 11.7% growth in total income to Rs 5120.03 crore in Q1 June 2016 over Q1 June 2015.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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HDFC gains on fund raising plan
Aug 31,2016

The announcement was made after market hours yesterday, 30 August 2016.

Meanwhile, the BSE Sensex was up 70.84 points, or 0.25%, to 28,413.85.

On BSE, so far 23,000 shares were traded in the counter, compared with average daily volume of 1.56 lakh shares in the past one quarter. The stock hit a high of Rs 1,410 so far during the day, matching the record high level attained yesterday, 30 August 2016. The stock hit a low of Rs 1,392 so far during the day. The stock hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 1.3% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.16% as against the Sensexs 6.1% rise.

The large-cap company has equity capital of Rs 316.59 crore. Face value per share is Rs 2.

HDFC said the rupee denominated overseas bond issue will open today, 31 August 2016 and will close tomorrow, 1 September 2016. The bonds will be listed on the London Stock Exchange (LSE). This is second overseas rupee denominated bond issue from HDFC. HDFC became the first Indian company when it raised Rs 3000 crore from rupee denominated overseas bonds last month.

HDFCs net profit rose 37.5% to Rs 1870.73 crore on 19.4% growth in total income to Rs 8393.33 crore in Q1 June 2016 over Q1 June 2015.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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Indraprastha Medical Corporation advances after good Q1 financials
Aug 31,2016

The result was announced after market hours yesterday, 30 August 2016.

Meanwhile, the S&P BSE Sensex was up 99.52 points, or 0.35% to 28,442.53

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 29,276 shares in the past one quarter. The stock hit a high of Rs 59.20 and a low of Rs 58.05 so far during the day. The stock had hit a record high of Rs 77.20 on 8 December 2015. The stock hit a 52-week low of Rs 46 on 29 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 7.58% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 8.7% as against Sensexs 6.1% rise.

The small-cap stock company has equity capital of Rs 91.67 crore. Face value per share is Rs 10.

Indraprastha Medical Corporation operates a multi-specialty tertiary acute care hospital with 710 beds in New Delhi.

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