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MT Educare recovers on bargain hunting
Mar 28,2017

Meanwhile, the S&P BSE Sensex was up 165.30 points or 0.57% at 29,402.45. The BSE Small-Cap index was up 95.62 points or 0.68% at 14,166.90.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 95,551 shares in the past one quarter. The stock had hit a high of Rs 81.45 so far during the day. The stock hit a low of Rs 77.80 so far during the day, which is a 52-week low for the counter.

The stock had hit a record high of Rs 199.30 on 17 May 2016. It had underperformed the market over the past one month till 27 March 2017, sliding 17.69% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, declining 30.69% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.

Shares of MT Educare had fallen 9.28% in the preceding five trading sessions to settle at Rs 78.15 yesterday, 27 March 2017, from its close of Rs 86.15 on 20 March 2017.

On consolidated basis, MT Educare reported net loss of Rs 4.44 crore in Q3 December 2016 as against net profit of Rs 7.84 crore in Q3 December 2015. Net sales declined 18.2% to Rs 41.60 crore in Q3 December 2016 over Q3 December 2015.

MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.

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Finolex Cables scales record high
Mar 28,2017

The stock has jumped 10.1% in three sessions to its current ruling price of Rs 510.10, from a close of Rs 463.30 on 23 March 2017.

Meanwhile, the S&P BSE Sensex was up 155.74 points, or 0.53%, to 29,392.89.

On the BSE, 36,810 shares were traded in the counter so far, compared with an average volume of 23,982 shares in the past one quarter. The stock had hit a high of Rs 520 in intraday trade, which is also a record high for the stock. The stock hit a low of Rs 494 so far during the day.

The stock had hit a 52-week low of Rs 255.35 on 20 March 2016. The stock had outperformed the market over the past one month till 27 March 2017, gaining 11.48% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 17.09% as against the Sensexs 11.53% rise.

The mid-cap company has an equity capital of Rs 30.59 crore. Face value per share is Rs 2.

Finolex Cables net profit rose 37.8% to Rs 68.43 crore on 9.9% rise in net sales to Rs 668.94 crore in Q3 December 2016 over Q3 December 2015.

Finolex Cables, the flagship company of the Finolex Group, is Indias largest and leading manufacturer of electrical and telecommunication cables.

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KPIT gains as promoters hike stake
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the S&P Sensex was up 174.80 points, or 0.6% at 29,412.63. The S&P BSE Small-cap index was up 108.97 points, or 0.77% at 14,180.25.

On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 1.33 lakh shares in the past one quarter. The stock had hit a high of Rs 133.30 and a low of Rs 130.85 so far during the day.

The stock had hit a 52-week high of Rs 196.60 on 21 June 2016 and a 52-week low of Rs 121.30 on 22 November 2016. The stock had underperformed the market over the past one month till 27 March 2017, declining 6.5% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter declining 2.98% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 39.50 crore. Face value per share is Rs 2.

KPIT Technologies said that the promoters of the company have purchased 43.75 lakh shares of KPIT through Proficient Finstock LLP (Proficient) taking the total promoter holding in the company to 18.94%. To fund the transaction, Proficicent has additionally pledged 1.20 crore shares of the company taking the total pledged shares of Proficient 1.43 crore (50% of Proficient holding).

KPIT Technologies consolidated net profit rose 30.97% to Rs 73.58 crore on 0.07% increase in net sales to Rs 830.08 crore in Q3 December 2016 over Q2 September 2016.

KPIT Technologies is a global technology company focused on providing technology solutions and expertise to automotive and transportation companies, government bodies, manufacturing, energy and utilities companies.

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IndusInd Bank hits record high
Mar 28,2017

Meanwhile, the S&P BSE Sensex was up 186.54 points or 0.64% at 29,423.69.

On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 89,173 shares in the past one quarter. The stock had hit a high of Rs 1,425 so far during the day, which is a record high. The stock hit a low of Rs 1,406.35 so far during the day.

The stock had hit a 52-week low of Rs 912 on 28 March 2016. It had outperformed the market over the past one month till 27 March 2017, advancing 6.23% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 31.85% as against the Sensexs 11.53% rise.

The large-cap bank has equity capital of Rs 598.15 crore. Face value per share is Rs 10.

The target price of Rs 1,680 provides an upside of 19.8% over the stocks closing price of Rs 1,402.30 yesterday, 27 March 2017.

IndusInd Banks net profit rose 29.2% to Rs 750.64 crore on 22.9% growth in total income to Rs 4716.13 crore in Q3 December 2016 over Q3 December 2015.

IndusInd Bank is a leading private sector bank in India.

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NTPC moves up after board accords investment approval
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Meanwhile, the BSE Sensex was up 173.80 points, or 0.60%, to 29,412.47.

On the BSE, 29,400 shares were traded in the counter so far, compared with average daily volumes of 4.32 lakh shares in the past one quarter. The stock had hit a high of Rs 165.35 and a low of Rs 164.35 so far during the day.

The stock had hit a 52-week high of Rs 177.80 on 27 January 2017. The stock had hit a 52-week low of Rs 125.05 on 7 April 2016. The stock had underperformed the market over the past one month till 27 March 2017, sliding 0.97% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, gaining 2.19% as against the Sensexs 11.53% rise.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPCs net profit fell 7.5% to Rs 2468.72 crore on 11.1% rise in net sales to Rs 19287.47 crore in Q3 December 2016 over Q3 December 2015.

NTPC, Indias largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as per the shareholding pattern as on 31 December 2016.

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Jagran Prakashan inches up after brokerage rating
Mar 28,2017

Meanwhile, the S&P BSE Sensex was up 166.13 points or 0.57% at 29,403.28. The BSE Mid-Cap index was up 94.59 points or 0.68% at 13,906.67.

On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 36,770 shares in the past one quarter. The stock had hit a high of Rs 180.75 and a low of Rs 178.25 so far during the day.

The stock had hit a record high of Rs 213 on 8 September 2016 and a 52-week low of Rs 149.55 on 29 March 2016. It had underperformed the market over the past one month till 27 March 2017, sliding 5.27% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, gaining 6.95% as against the Sensexs 11.53% rise.

The mid-cap company has equity capital of Rs 65.38 crore. Face value per share is Rs 2.

The target price of Rs 212 provides an upside of 19.74% over the stocks closing price of Rs 177.05 yesterday, 27 March 2017.

Jagran Prakashans net profit rose 25.6% to Rs 89.13 crore on 5.7% growth in net sales to Rs 488.67 crore in Q3 December 2016 over Q3 December 2015.

Jagran Prakashan is a leading media and communications group with interests spanning across newspapers, radio, magazines, outdoor advertising, promotional marketing & event management, and digital businesses.

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G E Shipping sails smoothly after taking vessel delivery
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the S&P Sensex was up 133.51 points, or 0.46% at 29,370.66. The S&P BSE Mid-cap index was up 89.52 points, or 0.65% at 13901.60.

On the BSE, 27,000 shares were traded on the counter so far as against the average daily volumes of 39,282 shares in the past one quarter. The stock had hit a high of Rs 409.35 and a low of Rs 395 so far during the day.

The stock had hit a 52-week high of Rs 412.95 on 20 March 2017 and a 52-week low of Rs 296.60 on 24 June 2016. The stock had outperformed the market over the past one month till 27 March 2017, advancing 6.03% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter advancing 11.79% as against the Sensexs 11.53% rise.

The mid-cap company has equity capital of Rs 150.78 crore. Face value per share is Rs 10.

Great Eastern Shipping Company announced that the company has taken delivery of Secondhad Suezmax Crude Carrier n++Jag Lakshyan++ of about 1.57 lakh deadweight tons (dwt). The company had contracted to buy the vessel in December 2016.

With the inclusion of this vessel, the companys current fleet stands at 44 vessels, comprising 29 tankers and 15 dry bulk carriers with an average age of 9.42 years aggregating 3.69 million dwt. Additionally, the company has committed to purchase 1 Secondhand Supramax Dry bulk carrier.

Great Eastern Shipping Companys consolidated net profit fell 33.4% to Rs 238.36 crore on 23.2% decline in net sales to Rs 738.91 crore in Q3 December 2016 over Q3 December 2015.

GE Shipping has two main business: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India).

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L&T climbs up after its arm wins major order
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Meanwhile, the S&P BSE Sensex was up 191.62 points or 0.66% at 29,428.77.

More than normal volumes were traded on the counter. On the BSE, 2.12 lakh shares were traded on the counter so far as against the average daily volumes of 1.3 lakh shares in the past one quarter. The stock had hit a high of Rs 1,554.90 and a low of Rs 1,547 so far during the day. The stock had hit a 52-week high of Rs 1,615 on 27 July 2016 and a 52-week low of Rs 1,177 on 7 April 2016.

The stock had outperformed the market over the past one month till 27 March 2017, rising 5.34% compared with the Sensexs 1.47% rise. The scrip had also outperformed the market over the past one quarter, gaining 14.19% as against the Sensexs 11.53% rise.

The large-cap company has equity capital of Rs 186.59 crore. Face value per share is Rs 2.

L&T said that the buildings & factories business of L&T Construction has bagged a major design & build order worth Rs 2903 crore to re-develop Mumbais century-old Bombay Development Division (BDD) chawls for Maharashtra Housing and Area Development Authority (MHADA).

The contract is the largest residential project awarded to L&T Construction till date. The scope of work comprises complete design and construction of twenty residential towers for rehabilitation, four high-rise towers for sale and one commercial development within a plot area of 16 acres along with MEP, finishes, onsite/offsite infrastructure, landscaping, demolition of existing structures and logistics involved in therehabilitation of the current occupants.

L&Ts consolidated net profit rose 38.9% to Rs 972.47 crore on 1.7% growth in net sales to Rs 26018.15 crore in Q3 December 2016 over Q3 December 2015.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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Key benchmarks hits fresh intraday high
Mar 28,2017

Key benchmark indices extended gains and hit fresh intraday high in mid-morning trade. At 11:21 IST, the barometer index, the S&P BSE Sensex, was up 192.24 points or 0.66% at 29,429.39. The Nifty 50 index was currently up 62.15 points or 0.69% at 9,107.35.

The Sensex rose 205.03 points, or 0.70% at the days high of 29,442.18 in mid-morning trade, its highest intraday level since 24 March 2017. The index rose 64.07 points, or 0.22% at the days low of 29,301.22 in morning trade. The Nifty rose 64.55 points, or 0.71% at the days high of 9,109.75 in mid-morning trade, its highest intraday level since 24 March 2017. The index rose 35.60 points, or 0.39% at the days low of 9,080.80 in morning trade.

Among secondary barometers, the BSE Mid-Cap index was currently up 0.67%. The BSE Small-Cap index was currently up 0.80%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1,540 shares rose and 825 shares fell. A total of 152 shares were unchanged.

Engineering and construction major L&T was up 0.70% to Rs 1,557.45 after the company announced during trading hours today, 28 March 2017, that the buildings & factories business of L&T Construction has bagged a major design & build order worth Rs 2903 crore to re-develop Mumbais century-old BDD Chawls for Maharashtra Housing and Area Development Authority (MHADA). The prestigious contract is the largest residential project awarded to L&T Construction till date.

Motorcycle major Hero MotoCorp was down 0.28% at 3330.80. Bahadur Chand Investments (BCIPL), one of the promoters of Hero MotoCorp, raised its holding in the two-wheeler major by picking up 4.45% stake for Rs 2996 crore from another promoter firm in an open market transaction.

BCIPL bought 88.78 lakh shares, amounting to 4.45% stake, of Hero MotoCorp from Brij Mohan Lall Om Prakash (BMOP), a partnership firm of the promoter family members. Shares were purchased at an average price of Rs 3,375, valuing the transaction at Rs 2,996.32 crore. This is an inter-se transfer between the promoters. There is no change in the aggregate promoter shareholding in Hero MotoCorp. The stake of BCIPL has increased to 15.56% from 11.11% earlier. The stake of BMOP has decreased to 18.43% from 22.88% earlier. The disclosure was made during trading hours today, 28 March 2017.

Telecom shares were in demand. Idea Cellular (up 2%), Reliance Communications (up 1.18%), MTNL (up 0.83%), and Tata Teleservices (Maharashtra) (up 0.26%), edged higher.

Telecom major Bharti Airtel was up 0.75% to Rs 341.15. Telecom tower infrastructure provider Bharti Infratel was up 1.79% to Rs 318.15.

Bharti Airtel announced during trading hours today, 28 March 2017, that it has successfully completed secondary sale of over 19 crore shares of its subsidiary Bharti Infratel representing 10.3%, to a consortium of funds led by KKR and Canada Pension Plan Investment Board (CPPIB) for a total consideration of over Rs 6193.9 crore ($951.6 million), executed at a price of Rs. 325 per share. Bharti Airtel said that it will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtels equity holding in Bharti Infratel stands at 61.7%, and that of KKR and CPPIB at 10.3%.

Most IT shares edged higher. Hexaware Technologies (up 1.59%), HCL Technologies (up 1.51%), Oracle Financial Services Software (up 1.23%), Wipro (up 1%), TCS (up 0.91%), Infosys (up 0.72%), MphasiS (up 0.18%) and MindTree (up 0.02%), edged higher. Persistent Systems (down 0.08%) and Tech Mahindra (down 2%), edged lower.

On the economic front, Finance Minister Arun Jaitley yesterday, 27 March 2017, introduced four Goods and Services Tax (GST) bills in Lok Sabha that provide for a maximum tax rate of 40%, an anti-profiteering body and arrests for evading taxes in a bid to overhaul Indias fragmented indirect tax system. All the four bills will be taken up together in Lok Sabha for discussion on Wednesday, 29 March 2017.

Overseas, most Asia stocks rose as investors looked beyond the failure of the Trump administration to replace the Affordable Care Act, aided by improving macroeconomic data out of the US and Europe. Higher oil prices and a rebound in the US dollar against the yen drove gains in Japan. Japans Nikkei 225 rose 0.98%.

US stocks declined yesterday, 27 March 2017, as investors reassessed the prospects for President Donald Trumps ambitious economic agenda after a Republican plan to repeal and replace Obamacare was scrapped last week.

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Bharti Airtel, Bharti Infratel nudge higher
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Shares of Bharti Airtel were up 0.72% at Rs 341.05.

Shares of Bharti Infratel were up 1.76% at Rs 318.05.

Meanwhile, the S&P BSE Sensex was up 180.58 points or 0.62% at 29,417.73.

Bharti Airtel said it has successfully completed secondary sale of over 19 crore shares of its subsidiary Bharti Infratel, representing 10.3%, to a consortium of funds led by KKR and Canada Pension Plan Investment Board (CPPIB) for a total consideration of over Rs 6193.9 crore ($951.6 million). The share sale was executed at a price of Rs 325 per share.

Bharti Airtel said it will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtels equity holding in Bharti Infratel stands at 61.7%, and that of KKR and CPPIB at 10.3%.

Bharti Infratel is one of the leading providers of tower and related infrastructure. It deploys, owns and manages telecom towers and communication structures, for various mobile operators.

On consolidated basis, Bharti Infratels net profit rose 25.3% to Rs 620.40 crore on 9.6% growth in net sales to Rs 1530 crore in Q3 December 2016 over Q3 December 2015.

Bharti Airtel is a leading global telecommunications company with operations in 17 countries across Asia and Africa.

Bharti Airtels consolidated net profit fell 54.5% to Rs 503.70 crore on 3% decline in net sales to Rs 23335.70 crore in Q3 December 2016 over Q3 December 2015.

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Technofab Engg jumps after winning new orders
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the BSE Sensex was up 136.96 points, or 0.47%, to 29,370.20.

On the BSE, 8,696 shares were traded in the counter so far, compared with an average volume of 7,618 shares in the past one quarter. The stock had hit a high of Rs 201.30 and a low of Rs 193.90 so far during the day. The stock had hit a 52-week high of Rs 247 on 29 June 2016. The stock had hit a 52-week low of Rs 140 on 16 May 2016.

The stock had underperformed the market over the past one month till 27 March 2017, sliding 1.13% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, gaining 3.85% as against the Sensexs 11.53% rise.

The small-cap company has an equity capital of Rs 10.49 crore. Face value per share is Rs 10.

Technofab Engineering said that it won new orders including three orders from Power Grid Corporation of India for about Rs 255 crore in Tripura. All three orders are in the industrial and rural electrification sector and works related to 33/11 KV sub stations & associated lines. The orders have a timeline of thirty three months for completion.

The company also received one order from the Ministry of Agriculture and Animal Resources, Kigali, Rwanda for construction contract for establishment of centre of excellence in farm mechanization for $12.29 million exclusive of taxes and duties in Rwanda. The order has a timeline of twelve months for completion.

Technofab Engineerings net profit fell 9.9% to Rs 2.18 crore on 22.3% drop in net sales to Rs 92.58 crore in Q3 December 2016 over Q3 December 2015.

Technofab Engineering is an engineering and construction company, serving the power, industrial and infrastructure sectors, by executing comprehensive balance of plant (BOP) and auxiliary systems on a complete turnkey EPC (engineering, procurement and construction) basis.

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Intellect Design gains after securing contract
Mar 28,2017

The announcement was made during market hours today, 28 March 2017.

Meanwhile, the S&P BSE Sensex was up 126.02 points or 0.43% at 29,363.17. The BSE Small-Cap index was up 110.58 points or 0.79% at 14,181.86

On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 1.85 lakh shares in the past one quarter. The stock had hit a high of Rs 119.90 and a low of Rs 116 so far during the day.

The stock had hit a 52-week high of Rs 252.10 on 3 May 2016 and a 52-week low of Rs 107.75 on 15 February 2017. It had outperformed the market over the past one month till 27 March 2017, advancing 2.97% compared with the Sensexs 1.47% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 12.76% as against the Sensexs 11.53% rise.

The small-cap company has equity capital of Rs 50.87 crore. Face value per share is Rs 5.

Intellect Design Arena said that Khan Bank, the largest commercial bank in Mongolia, has selected lntellects debt management platform to centralize operations and digitalize its collections process. lntellects Digital Debt Management system will allow Khan Bank to manage its collections and recoveries more effectively and efficiently.

Intellect Design Arena reported net loss of Rs 21.59 crore in Q3 December 2016, compared with net loss of Rs 13.36 crore in Q2 September 2016. Net sales declined 0.8% to Rs 124.89 crore in Q3 December 2016 over Q2 September 2016.

Intellect Design Arena is a digital technology product solutions provider to the banking and insurance industry.

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Axis Bank rises after raising funds
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the S&P BSE Sensex was up 135.83 points or 0.46% at 29,372.98.

On the BSE, 79,468 shares were traded on the counter so far as against the average daily volumes of 6.32 lakh shares in the past one quarter. The stock had hit a high of Rs 497.75 and a low of Rs 490.15 so far during the day.

The stock had hit a 52-week high of Rs 638 on 7 September 2016 and a 52-week low of Rs 417.55 on 11 April 2016. The stock had underperformed the market over the past one month till 27 March 2017, sliding 4.25% compared with the Sensexs 1.47% rise. The scrip had also underperformed the market over the past one quarter, gaining 11.37% as against the Sensexs 11.53% rise.

The large-cap bank has equity capital of Rs 478.84 crore. Face value per share is Rs 2.

Axis Bank said that its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.

Axis Banks net profit dropped 73.4% to Rs 579.57 crore on 15.7% growth in total income to Rs 14501.21 crore in Q3 December 2016 over Q3 December 2015.

Axis Bank is one of the biggest private sector banks in India.

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Jindal Steel moves higher on preferential allotment plan
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the S&P BSE Sensex was up 132.01 points or 0.45% at 29,369.16.

On the BSE, 4.42 lakh shares were traded on the counter so far as against the average daily volumes of 22.94 lakh shares in the past one quarter. The stock had hit a high of Rs 121.05 and a low of Rs 117.75 so far during the day.

The stock had hit a 52-week high of Rs 131.80 on 17 March 2017 and a 52-week low of Rs 55.65 on 30 March 2016. It had underperformed the market over the past one month till 27 March 2017, sliding 6.5% compared with the Sensexs 1.47% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 75.24% as against the Sensexs 11.53% rise.

The large-cap company has equity capital of Rs 91.50 crore. Face value per share is Rs 1.

Jindal Steel & Power (JSPL) said that a meeting of the board of directors of the company is scheduled to be held on 30 March 2017, to consider various modes of fund raising by way of preferential allotment of securities to different entities including the promoters/promoter group entities.

On a consolidated basis, JSPL reported net loss of Rs 407.44 crore in Q3 December 2016 as against net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.1% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015.

Jindal Steel and Power (JSPL) is one of Indias leading integrated steel manufacturers, significantly present in steel, power generation and Infrastructure segments and catering to a large part of Indias domestic energy and infrastructure requirement.

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Kotak Mahindra advances on equity capital raising plans
Mar 28,2017

The announcement was made after market hours yesterday, 27 March 2017.

Meanwhile, the S&P BSE Sensex was up 118.83 points or 0.41% at 29,355.98.

On the BSE, 5,172 shares were traded on the counter so far as against the average daily volumes of 6.98 lakh shares in the past one quarter. The stock had hit a high of Rs 880 and a low of Rs 873.50 so far during the day.

Kotak Mahindra Bank said that the banks board of directors scheduled a meeting on 30 March 2017 to consider raising of equity capital by the bank through rights issue, private placement, follow-on public offering (FPO), qualified institutions placement (QIP), global depository receipts (GDR), American depository receipts (ADR) or through any other permissible mode or a combination thereof, as may be considered appropriate.

Kotak Mahindra Banks net profit rose 38.6% to Rs 879.76 crore on 11.02% growth in total income to Rs 5377.83 crore in Q3 December 2016 over Q3 December 2015.

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

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