My Application Form Status

Check the status of your application form with Angel Broking.
DLF gains after Q1 results
Aug 30,2016

The result was announced after market hours yesterday, 29 August 2016.

Meanwhile, the BSE Sensex was up 196.92 points, or 0.71%, to 28,099.58.

On BSE, so far 4.65 lakh shares were traded in the counter, compared with average daily volume of 10.60 lakh shares in the past one quarter. The stock hit a high of Rs 161.45 and a low of Rs 155.10 so far during the day. The stock hit a 52-week high of Rs 169.60 on 19 August 2016. The stock hit a 52-week low of Rs 72.50 on 12 February 2016. The stock had underperformed the market over the past 30 days till 29 August 2016, falling 2.34% compared with 0.53% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 21.91% as against the Sensexs 4.63% rise.

The large-cap company has equity capital of Rs 356.79 crore. Face value per share is Rs 2.

DLFs bottom line in Q1 June 2016 was boosted by one-time extraordinary gain of Rs 372 crore from the sale of DT cinemas to PVR. The companys consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell 1% to Rs 903 crore in Q1 June 2016 over Q1 June 2015.

DLF said in a post result statement that the residential sector remains muted across all micro-markets. The company continues to implement its strategy of completing legacy projects and creating finished inventory and hence well positioned to profit when there is an uptick in the market dynamics, DLF said.

Going ahead, the company expects increased momentum in the commercial space. As the company has exhausted most of its available commercial stock, it has commenced construction of office space in Chennai IT SEZ in the second quarter. Construction of Cyber Park at full pace and finishing of luxury retail mall at Chanakyapuri is underway. The company is focused on aggregating leases which are expiring to enable it to contract it to high value high creditworthy tenants, it added.

DLFs primary business is development of residential, commercial and retail properties.

Powered by Capital Market - Live News

eClerx Services hits record high after board approves buyback
Aug 30,2016

The announcement was made after market hours yesterday, 29 August 2016.

Meanwhile, the BSE Sensex was up 164.10 points, or 0.59%, to 28,066.76.

On BSE, so far 15,000 shares were traded in the counter, compared with average daily volume of 9,886 shares in the past one quarter. The stock hit a high of Rs 1,775 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,680.10 so far during the day. The stock hit a 52-week low of Rs 1,170 on 29 September 2015. The stock had outperformed the market over the past 30 days till 29 August 2016, rising 5.23% compared with 0.53% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.36% as against Sensexs 4.63% rise.

The mid-cap company has equity capital of Rs 40.85 crore. Face value per share is Rs 10.

eClerx Services board of directors at its meeting held yesterday, 29 August 2016, approved a proposal for buyback of equity shares of the company for an aggregate amount not exceeding Rs 234 crore at a price not exceeding Rs 2,200 per share. The company will buy back shares on proportionate basis from existing shareholders through the tender offer route. At maximum buyback price, the buyback translates into approximately 10.68 lakh equity shares of the company, representing about 2.62% of the total paid up equity share capital of the company as on 31 March 2016. The promoters and promoter group of the company intend to participate in the proposed buyback.

On a consolidated basis, net profit of eClerx Services rose 27.25% to Rs 95.92 crore on 14.09% rise in net sales to Rs 340.33 crore in Q1 June 2016 over Q1 June 2015. The company declared its Q1 June 2016 results yesterday, 29 August 2016.

eClerx Services is a leading knowledge process outsourcing (KPO) company providing middle/back office operations support to over 30 Fortune 500 companies. Its five delivery centers across India support a diverse global client base, including the worlds leading financial services, broadband, cable & telecom, ecommerce & retail, high tech, industrial manufacturing & distribution, software, media & entertainment and travel companies.

Powered by Capital Market - Live News

Tyre stocks gain on declining rubber prices
Aug 29,2016

Balkrishna Industries (up 6.29%), Apollo Tyres (up 4.21%), JK Tyre & Industries (up 6.19%), MRF (up 3.52%), Goodyear India (up 1.12%) and CEAT (up 3.94%) gained.

Meanwhile, the S&P BSE Sensex was up 117.75 points or 0.42% at 27,900

On Friday, 26 August 2016, the price of the benchmark natural rubber RSS-4 grade reportedly fell to Rs 129 a kg, its lowest level since 1 June 2016. The rubber prices declined about 10% from its recent high of Rs 145 on 2 August 2016. Natural rubber is a key raw material used in tyre manufacturing. Lower rubber prices will boost profitability of tyre makers.

Powered by Capital Market - Live News

Finolex Industries reverses previous sessions losses
Aug 29,2016

Meanwhile, the BSE Sensex was up 111.99 points, or 0.40%, to 27,894.24.

On BSE, so far 26,000 shares were traded in the counter, compared with average daily volume of 16,545 shares in the past one quarter. The stock hit a high of Rs 488 and a low of Rs 466.15 so far during the day. The stock hit a record high of Rs 497.50 on 26 August 2016. The stock hit a 52-week low of Rs 247.95 on 23 September 2015. The stock had underperformed the market over the past 30 days till 26 August 2016, sliding 2.46% compared with 1.51% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.71% as against Sensexs 4.23% rise.

The mid-cap company has equity capital of Rs 124.10 crore. Face value per share is Rs 10.

The Q1 result was announced during market hours on Friday, 26 August 2016. On that day, the stock fell 3.36% to settle at Rs 458.45 after rising as much as 4.87% in intraday trade.

Finolex Industries net profit rose 36.1% to Rs 98.04 crore on 6% rise in net sales to Rs 665.93 crore in Q1 June 2016 over Q1 June 2015.

Finolex Industries is the largest PVC pipe manufacturer in India.

Powered by Capital Market - Live News

L&T gains as company aims at revenue of Rs 2 lakh crore by 2021
Aug 29,2016

Meanwhile, the S&P BSE Sensex was up 146.74 points, or 0.53%, to 27,928.99

On BSE, so far 1.56 shares were traded in the counter, compared with average daily volume of 1.80 lakh shares in the past one quarter. The stock hit a high of Rs 1,462 and a low of Rs 1,421 so far during the day. The stock hit a 52-week high of Rs 1,655 on 28 August 2015. The stock hit a 52-week low of Rs 1,016.60 on 12 February 2016. The stock had underperformed the market over the past 30 days till 26 August 2016, falling 9.45% compared with Sensexs 1.51% fall. The scrip also underperformed the market in past one quarter, falling 3.17% as against Sensexs 4.23% rise.

The large-cap company has an equity capital of Rs 186.47 crore. Face value per share is Rs 2.

Shares of L&T declined 2.02% to settle at Rs 1,427.85 on Friday, 26 August 2016, after the company presented to the stock exchanges a copy of Chairman Naiks speech made at the companys Annual General Meeting in Mumbai on that day.

Naik said at the companys Annual General Meeting that the companys goal is to achieve revenue of Rs 2 lakh crore ($30 billion) by 2021 without compromising on profit margins. L&Ts net revenue from operations stood at Rs 1.02 lakh crore in the year ended 31 March 2016 (FY 2016) based on consolidated financial performance.

Naik said that economic conditions are starting to turn in favour of the company. Naik said that the opening of the defence sector will lead to business opportunities worth Rs 13 lakh crore over the next 10 years. He also said that there is estimated business opportunity of Rs 50000 crore over 10 years in nuclear power sector. Naik also said that L&T will tap business opportunity in governments Smart City projects and realty segment. Naik said that there are a number of projects in the road, ports, airports, railway sectors in pipeline with a total estimated value of over Rs 14 lakh crore. Naik said that L&T is also strengthening its operations in the Gulf, Africa and South East Asia.

L&Ts consolidated net profit rose 45.5% to Rs 609.60 crore on 9.07% growth in total income to Rs 22176.22 crore in Q1 June 2016 over Q1 June 2015.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It operates in more than 30 countries worldwide.

Powered by Capital Market - Live News

IOCL declines as Q1 GRM drops
Aug 29,2016

Meanwhile, the S&P BSE Sensex was up 52.34 points or 0.19% at 27,834.59

On BSE, so far 6.12 lakh shares were traded in the counter as against average daily volume of 2.97 lakh shares in the past one quarter. The stock hit a high of Rs 582.90 and a low of Rs 565.10 so far during the day. The stock had hit a record high of Rs 593.25 on 8 August 2016. The stock had hit a 52-week low of Rs 345.05 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 7.72% compared with Sensexs 1.51% fall. The scrip also outperformed the market in past one quarter, surging 38.58% as against Sensexs 4.23% rise.

The large-cap company has equity capital of Rs 2427.95 crore. Face value per share is Rs 10.

Indian Oil Corporation (IOCL)s net profit rose 25.46% to Rs 8268.98 crore on 5.72% fall in total income to Rs 107670.95 crore in Q1 June 2016 over Q1 June 2015. IOCL announced Q1 June 2016 results during market hours today, 29 August 2016.

IOCL accounted for budgetary support amounting to Rs 1331.69 crore from Government of India in Q1 June 2016 towards under recovery on sale of PDS kerosene (SKO), compared with Rs 1732.95 crore in Q1 June 2015. State-run oil marketing companies bear under-recoveries on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.

In Q1 June 2016, IOCL did not get any discount from ONGC/Oil India/Chennai Petroleum Corporation in respect of crude oil purchased from them compared with discount received of Rs 878.84 crore in Q1 June 2015.

Meanwhile, IOCLs board of directors recommended issue of bonus shares in ratio of 1:1 (one bonus share for each held).

IOCL is Indias flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals. The Government of India held 58.28% stake in IOCL (as per the shareholding pattern as on 30 June 2016).

Powered by Capital Market - Live News

Tata Motors extends post result gains
Aug 29,2016

Meanwhile, the BSE Sensex was up 66.27 points, or 0.24%, to 27,848.52.

On BSE, so far 15.02 lakh shares were traded in the counter, compared with average daily volume of 8.92 lakh shares in the past one quarter. The stock hit a high of Rs 528.05 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 515.80 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 26 August 2016, sliding 0.43% compared with 1.51% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.82% as against Sensexs 4.23% rise.

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

The Q1 result was announced during market hours on Friday, 26 August 2016, when the stock settled 2.01% higher at Rs 503.65. The stock has risen 6.56% in two trading sessions from its close of Rs 493.75 on Thursday, 25 August 2016.

Tata Motors consolidated net profit declined 57.25% to Rs 2236 crore on 9.01% growth in revenue to Rs 67056 crore in Q1 June 2016 over Q1 June 2015. Tata Motors said that higher volumes in both standalone as well as Jaguar Land Rover (JLR) business was more than offset by the adverse foreign currency impact of Rs 2296 crore and adverse commodity derivatives impact of Rs 167 crore in the operating profit mainly in the Jaguar Land Rover business. The profitability was also adversely impacted by lower local market incentive in the JLR business as compared to the corresponding quarter last year and higher depreciation and amortization expenses as compared to the corresponding quarter last year.

Tata Motors attributed the increase in top line during the quarter to strong sales from Jaguar Land Rover (JLR) business and continued volume growth in M&HCV segment and the LCV segment.

Meanwhile, Tata Motors board approved raising funds aggregating Rs 3000 crore by way of issue of secured/unsecured debentures and/or bonds in one or more tranches, from time to time.

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

Powered by Capital Market - Live News

Volumes jump at New Delhi Television counter
Aug 29,2016

New Delhi Television clocked volume of 67.73 lakh shares by 13:51 IST on BSE, a 927.56-times surge over two-week average daily volume of 7,302 shares. The stock jumped 11.52% to Rs 89.55

FDC notched up volume of 5.30 lakh shares, a 74.75-fold surge over two-week average daily volume of 7,085 shares. The stock rose 0.26% to Rs 192.60

Lakshmi Machine Works saw volume of 1.24 lakh shares, a 43.33-fold surge over two-week average daily volume of 2,865 shares. The stock rose 2.33% to Rs 3,950.

Great Eastern Shipping Company clocked volume of 2.02 lakh shares, a 40.01-fold surge over two-week average daily volume of 5,040 shares. The stock shed 0.38% to Rs 339.70.

Mandhana Industries saw volume of 8.69 lakh shares, a 8.47-fold rise over two-week average daily volume of 1.03 lakh shares. The stock rose 5% to Rs 106.25

Powered by Capital Market - Live News

Vakrangee gains after good Q1 results
Aug 29,2016

The result was announced on Saturday, 27 August 2016.

Meanwhile, the BSE Sensex was down 14.83 points, or 0.05%, to 27,767.42.

On BSE, so far 14.77 lakh shares were traded in the counter, compared with average daily volume of 20.91 lakh shares in the past one quarter. The stock hit a high of Rs 204.55 and a low of Rs 196.75 so far during the day. The stock hit a record high of Rs 228.90 on 9 March 2016. The stock hit a 52-week low of Rs 98.25 on 4 September 2015. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 4.76% compared with 1.51% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.55% as against Sensexs 4.23% rise.

The large-cap company has equity capital of Rs 52.92 crore. Face value per share is Re 1.

Vakrangees total consolidated revenue from Vakrangee Kendra business segment rose 57.6% to Rs 550.6 crore in Q1 June 2016 over Q1 June 2015. The percentage share of total revenue of Vakrangee Kendra business has now increased to 60.4%.

The companys consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.5% to Rs 221.50 crore in Q1 June 2016 over Q1 June 2015.

Vakrangee is the unique technology driven company focused on building Indias largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved rural, semi-urban and urban markets. These retail touch points are called as Vakrangee Kendra which act as the one-stop shop for availing various services and products.

Powered by Capital Market - Live News

Dr Reddys Lab turns positive after launching a generic drug in US
Aug 29,2016

The announcement was made during market hours today, 29 August 2016.

Meanwhile, the S&P BSE Sensex was up 8.29 points, or 0.03%, to 27,790.54

On BSE, so far 11,000 shares were traded in the counter, compared with average daily volume of 41,108 shares in the past one quarter. The stock was volatile. The stock rose as much as 0.4% at the days high of Rs 3,052 so far during the day. The stock fell as much as 0.69% at the days low of Rs 3,019 so far during the day. The stock hit a record high of Rs 4,382.95 on 20 October 2015. The stock hit a 52-week low of Rs 2,750 on 21 January 2016. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 2.68% compared with Sensexs 1.51% fall. The scrip, however, underperformed the market in past one quarter, falling 2.33% as against Sensexs 4.23% rise.

The large-cap company has an equity capital of Rs 85.39 crore. Face value per share is Rs 5.

Dr Reddys Laboratories announced that it has launched Nitroglycerin sublingual tablets USP, 03 mg, 0.4 mg and 0.6 mg, a therapeutic equivalent generic version of Nitrostat (Nitroglycerin) sublingual tablets in the US market on 26 August 2016. The drug was already approved by the United States Food & Drug Administration (USFDA). The Nitrostat (Nitroglycerin) sublingual tablet brand clocked sales of around $108 million in the US for twelve months ended March 2016, according to IMS Health data.

Dr Reddys Laboratories consolidated net profit fell 76.3% to Rs 153.50 crore on 14.1% decline in total income to Rs 3289.50 crore in Q1 June 2016 over Q1 June 2015.

Dr Reddys Laboratories is an integrated global pharmaceutical company. It offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

Powered by Capital Market - Live News

Vedanta gains after 3rd unit of a power plant in Punjab kicks off operations
Aug 29,2016

The announcement was made during trading hours today, 29 August 2016.

Meanwhile, the BSE Sensex was up 10.47 points, or 0.04%, to 27,792.72.

On BSE, so far 4.42 lakh shares were traded in the counter, compared with average daily volume of 16.50 lakh shares in the past one quarter. The stock hit a high of Rs 173 and a low of Rs 167.75 so far during the day. The stock hit a 52-week high of Rs 180.50 on 19 August 2016. The stock hit a 52-week low of Rs 58.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 0.09% compared with 1.51% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 64.69% as against Sensexs 4.23% rise.

The large-cap company has equity capital of Rs 296.47 crore. Face value per share is Re 1.

Vedanta said that the third 660 megawatts (MW) unit of its Talwandi Sabo power plant in Punjab has been put to commercial production on 24 August 2016 and will be capitalized in September 2016.

Further, the company said that commissioning of pots at the first line of the 1.25 mtpa Jharsuguda-ll Aluminium smelter was completed in end July 2016. The first line was impacted by a pot failure incident due to a power shut down in early August, post which 168 pots were taken out of production. The impacted pots are currently being repaired and relined. The commissioning of the second line commenced in July 2016 with 65 pots commissioned till date, and this line will ramp up in the next 3-6 months. The company said it plans to start commissioning of pots at the third line of the smelter in September 2016, well ahead of its earlier schedule of Q4 March 2017.

The 325kt BALCO-II smelter was successfully commissioned with all 336 pots operational in August, and are expected to be capitalized by October 2016. The current run-rate of aluminium production is about 1 mtpa and the overall FY 2017 volume guidance remains unchanged at 1.2 mtpa.

The company further said that the auction of coal linkages for captive power plants was conducted by Coal India in August 2016 and the company has secured 6.09 million tonnes per annum in this auction for its captive power plants, that supplies power to its aluminium smelters at Jharsuguda and Balco. The tenor of the linkage is 5 years with an option to extend this further. The premium paid was Rs 96 per tonne, which is about 10% over the Coal India linkage price for captive power plants. This will contribute to the long-term security of coal requirement at a competitive price.

Vedantas consolidated net profit fell 27.03% to Rs 615.02 crore on 15.23% decline in net sales to Rs 14364.01 crore in Q1 June 2016 over Q1 June 2015.

Vedanta is a diversified natural resources company. Its business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia, Ireland, Liberia and Sri Lanka.

Powered by Capital Market - Live News

Shree Renuka Sugars jumps as creditors approve debt reorganization plan of Brazilian subsidiary
Aug 29,2016

The announcement was made before trading hours today, 29 August 2016.

Meanwhile, the BSE Sensex was up 7.91 points, or 0.03%, to 27,790.16.

On BSE, so far 15.06 lakh shares were traded in the counter, compared with average daily volume of 21.53 lakh shares in the past one quarter. The stock hit a high of Rs 17.35 and a low of Rs 16.45 so far during the day. The stock hit a 52-week high of Rs 19.18 on 15 June 2016. The stock hit a 52-week low of Rs 7.10 on 4 September 2015. The stock had underperformed the market over the past 30 days till 26 August 2016, sliding 8.57% compared with 1.51% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 21.49% as against Sensexs 4.23% rise.

The small-cap company has equity capital of Rs 92.88 crore. Face value per share is Re 1.

The Assembly of Creditors of Renuka do Brasil S/A (RdB) approved the reorganization plan presented by RdB on 26 August 2016. RdB is the largest subsidiary of Shree Renuka Sugars (SRSL). The plan approved by the Assembly of Creditors obliges the banks and most of the creditors of RdB (except employees, sugarcane & other essential suppliers and SME suppliers) to settle their debts on receiving 30% of the notified value of debt plus interest from the date of plan approval until the date of payment. The total bank debt in RdB notified as on the date of filing the Recuperacao Judicial (September 28, 2015) was Brazilian Real (BRL) 2063 million (Rs 4301.40 crore) and other liabilities covered by the above plan are BRL 210.80 million (Rs 439.50 crore) implying total reduction of liabilities by BRL 1592 million (Rs 3318.60 crore).

The settlement of debt would be funded by sale of Madhu Mill, one of the mills of RdB, with the capacity of 6 million mt cane crushing capacity out of total 10.5 million mt cane crushing capacity in RdB. Employees, sugarcane and other essential suppliers and SME suppliers will be paid from the operating cash flows of RdB over the next 12 months except for BRL 41.78 million (Rs 87.10 crore), which will come from the sale of Madhu Mill.

Shree Renuka Sugars is not putting any new capital under this plan either as debt or equity. However any shortfall in reaching the target value of 30% (approximately BRL 682.20 million or Rs 1422.30 crore) will have to be funded by the shareholders of RdB in cash or by sale of Shree Renuka Sugars controlling stake in RdB, the company said in a press release.

This plan is subject to final approval by the presiding judge as per the Judicial Protection Law, it added.

RdB was acquired in July 2010 and SRSL currently holds a 59.4% stake in this subsidiary. RdB owns two large sugar mills with an aggregate crushing capacity of 10.5 million tons of cane per annum (about 45,000 tcd) with 295 megawatts (MW) of cogeneration capacity and associated sugarcane plantations in the state of Sao Paulo. The reorganization plan of SRSLs other Brazilian subsidiary, Renuka Vale do Ivai (RVDI) with an annual capacity of 3.1 million tons of cane was successfully approved in July 2016.

Due to adverse weather affecting sugarcane crops and due to low sugar and ethanol prices for several years, both RdB and RVDI incurred large losses leading to an inability to service their debt. RdB and RVDI had therefore filed for protection alongwith their Brazilian holding companies under the Judicial Protection Law on 28 September 2015.

Shree Renuka Sugars reported net profit of Rs 3.20 crore in Q1 June 2016 as against net loss of Rs 150.20 crore in Q1 June 2015. Net sales rose 3.50% to Rs 1603.60 crore in Q1 June 2016 over Q1 June 2015.

Shree Renuka Sugars is one of the leading sugar manufacturers in India.

Powered by Capital Market - Live News

Piramal Enterprises slips after denying interest in acquiring a power plant
Aug 29,2016

Meanwhile, the BSE Sensex was up 14.75 points, or 0.05%, to 27,797.

On BSE, so far 9,934 shares were traded in the counter, compared with average daily volume of 30,619 shares in the past one quarter. The stock hit a high of Rs 1,845 and a low of Rs 1,782.70 so far during the day. The stock hit a record high of Rs 2,095 on 22 August 2016. The stock hit a 52-week low of Rs 805 on 18 September 2015. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 15.20% compared with 1.51% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.78% as against Sensexs 4.23% rise.

The large-cap company has equity capital of Rs 34.51 crore. Face value per share is Rs 2.

Piramal Enterprises issued the clarification after media reports suggested that Piramal Enterprises was among the potential suitors that have expressed a preliminary interest in the plant during a pre-bid meeting held by Rajasthan Rajya Vidyut Utpadan Nigam. The Chhabra thermal power plant is one of Rajasthans coal fired power plants. It is located at Chowki Motipura of tehsil Chhabra in Rajasthans Baran district. The Rajasthan government has reportedly decided to divest the Chhabra plant as well as the Kalisindhi plant in a bid to reduce losses. The Chhabra plant has four operational units of 250 megawatts (MW) each and two under construction units of 660 MW each, according to reports.

On consolidated basis, Piramal Enterprises net profit rose 36.3% to Rs 230.93 crore on 26.7% growth in net sales to Rs 1761.05 crore in Q1 June 2016 over Q1 June 2015.

Piramal Enterprises is one of Indias large diversified companies, with a presence in healthcare, healthcare information management and financial services.

Powered by Capital Market - Live News

Gujarat Industries Power slips after reporting flat Q1 bottom line
Aug 29,2016

The company announced its Q1 result during market hours today, 29 August 2016.

Meanwhile, the S&P BSE Sensex was down 18.26 points or 0.07% to 27,753.22

On BSE, so far 4,383 shares were traded in the counter as against average daily volume of 17,099 shares in the past one quarter. The stock hit a high of Rs 90.45 and a low of Rs 89.15 so far during the day. The stock had hit a 52-week high of Rs 99 on 13 July 2016. The stock had hit a 52-week low of Rs 67 on 8 September 2015. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 1.16% compared with Sensexs 1.51% fall. The scrip also outperformed the market in past one quarter, gaining 9.03% as against Sensexs 4.23% rise.

The power generation firm has equity capital of Rs 151.25 crore. Face value per share is Rs 10.

Gujarat Industries Power Company is engaged in the business of electrical power generation.

Powered by Capital Market - Live News

MEP Infra gains after winning toll collection rights in Jharkhand
Aug 29,2016

The announcement was made on Saturday, 27 August 2016.

Meanwhile, the BSE Sensex was down 30.27 points, or 0.11%, to 27,751.98.

On BSE, so far 6,679 shares were traded in the counter, compared with average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 44.80 and a low of Rs 43.65 so far during the day. The stock hit a 52-week high of Rs 59.70 on 21 October 2015. The stock hit a record low of Rs 34.20 on 12 February 2016. The stock had underperformed the market over the past 30 days till 26 August 2016, falling 2.13% compared with 1.51% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 6.22% as against Sensexs 4.23% rise.

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

The period of the toll collection contract is one year. The contractual amount for the project is Rs 87.30 crore payable to the National Highways Authority of India (NHAI) on a weekly basis over a period of one year. The operations will commence from 14 September 2016 after complying the statutory formalities. The Commercial Operation Date (COD) will be achieved in the current quarter.

MEP Infrastructure Developers consolidated net profit declined 9.69% to Rs 10.06 crore on 2.14% rise in net sales to Rs 516.26 crore in Q4 March 2016 over Q4 March 2015.

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

Powered by Capital Market - Live News