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Claris Lifesciences reverses recent fall on bargain hunting
Dec 23,2016

Meanwhile, the S&P BSE Sensex was up 61.10 points, or 0.24%, to 26,040.70

On the BSE, 2.78 lakh shares were traded on the counter so far as against the average daily volumes of 3.24 lakh shares in the past one quarter. The stock hit a high of Rs 333.60 and a low of Rs 315.50 so far during the day.

The stock hit a record high of Rs 430.10 on 16 December 2016. The stock hit a 52-week low of Rs 126.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 23.57% compared with the 0.28% fall in the Sensex. The scrip also outperformed the market in past one quarter, surging 40.88% as against Sensexs 9.38% decline.

The small-cap company has an equity capital of Rs 54.57 crore. Face value per share is Rs 10.

Claris Lifesciences consolidated net profit rose 169.92% to Rs 32.39 crore on 0.65% fall in net sales to Rs 192.13 crore in Q2 September 2016 over Q2 September 2015.

Claris Lifesciences is holding company of Claris Injectables, a wholly-owned subsidiary dealing in specialty injectables business. It is also the holding company of Claris Otsuka Private Limited, a joint venture with Japans Otsuka Pharmaceutical Factory, Inc. and Mitsui & Co. for Infusion business in India and emerging markets.

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Cipla gains after receiving UK MHRA approval for Sereflo
Dec 23,2016

The announcement was made during trading hours today, 23 December 2016.

Meanwhile, the BSE Sensex was up 57.91 points, or 0.22%, to 26,037.51.

On the BSE, so far 2.56 lakh shares were traded in the counter, compared with average daily volumes of 1.34 lakh shares in the past one quarter. The stock had hit a high of Rs 588.90 and a low of Rs 552.55 so far during the day.

The stock hit a 52-week high of Rs 660 on 29 December 2015. The stock hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 1.45% compared with the 0.28% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 8.34% as against Sensexs 9.38% decline.

The large-cap company has equity capital of Rs 160.88 crore. Face value per share is Rs 2.

Cipla said it yielded a final approval for its lead MDI product Fluticasone + Salmeterol (Sereflo) from UK MHRA (UK Medicines and Healthcare products Regulatory Agency) for its partner in the UK. Sercflo, 25 mcg/125 mcg & 25 mcg/250 mcg are generic equivalent to GlaxoSmithKlines Seretide inhalers and are indicated for Asthma treatment.

Seretide Inhaler, for the aforementioned strengths, had UK sales of approximately $278 million for the 12 month period ending June 2016, according to IMS Health. Ciplas Sereflo will be launched in the UK through a partner in the coming weeks.

On a consolidated basis, Ciplas net profit dropped 34.75% to Rs 354.34 crore on 8.66% rise in net sales to Rs 3671.88 crore in Q2 September 2016 over Q2 September 2015.

Cipla is a global pharmaceutical company. Its portfolio includes over 1000 products across wide range of therapeutic categories with one quality standard globally.

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Centrum Capital hits 52-week high as promoters hike stake
Dec 23,2016

Meanwhile, the S&P BSE Sensex was up 50.05 points, or 0.19%, to 26,033.03

On the BSE, 5.84 lakh shares were traded on the counter so far as against the average daily volumes of 5.72 lakh shares in the past one quarter. The stock hit a high of Rs 32.60 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 30 so far during the day.

The stock hit a 52-week low of Rs 9.75 on 5 April 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 6.52% compared with the 0.28% fall in the Sensex. The scrip also outperformed the market in past one quarter, falling 1.01% as against Sensexs 9.38% decline.

The small-cap financial services firm has an equity capital of Rs 41.60 crore. Face value per share is Re 1.

Centrum Capital said that JBCG Advisory Services has acquired 1.95 crore equity shares representing 4.7% of total equity of the company at Rs 25.08 per share in a block deal on the BSE yesterday, 22 December 2016. Indivision India Partners was seller to the tune of 2.05 crore shares at Rs 25 per share. Promoters held 32.25% stake in Centrum Capital (as per the shareholding pattern as on 30 September 2016).

Centrum Capital is a Sebi registered category I merchant banker. It has expertise across equity & debt spectrum with capabilities in equity capital markets, M&A advisory, corporate finance & advisory, primary & secondary debt placement, project finance and corporate debt restructuring. Its retail arm provides integrated solutions for private wealth management, portfolio management, stock broking and foreign exchange.

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Sugar shares spurt after rise in sugar prices
Dec 23,2016

Oudh Sugar Mills (up 12.22%), Dwarikesh Sugar Industries (up 10.86%), Upper Ganges Sugar & Industries (up 9.99%), Rana Sugars (up 8.57%), Sakthi Sugars (up 7.47%), Simbhaoli Sugars (up 7.16%), Triveni Engineering & Industries (up 5.88%), DCM Shriram Industries (up 4.17%), Dhampur Sugar Mills (up 3.22%), Empee Sugars and Chemicals (up 2.75%), Balrampur Chini Mills (up 2.63%), KCP Sugar & Industries Corporation (up 2.33%), Shree Renuka Sugar (up 0.68%) and Bajaj Hindusthan Sugar (up 0.21%), edged higher. EID Parry (India) was down 0.78%.

The S&P BSE Sensex was up 55.43 points, or 0.21% at 26,035.03.

Raw Sugar futures dropped under 18 cents per pound last week before bouncing back above that levels this week. Conab, the Brazilian crop supply agency has noted that sugar prices are being helped by concerns of a global production deficit.

This rebound has also capped the losses for local sugar prices, which took a hit after the Demonetization drive. Medium Grade Sugar in Muzaffarnagar dropped from Rs 3780 per quintal to Rs 3630 per quintal in six week after the government banned high values notes on 8 November 2016. However, prices are up near Rs 3700 per quintal now. The commodity is up about 15% this year.

Meanwhile, according to the Indian Sugar Mills Association (ISMA), as on 15 December 2016, 440 sugar mills were crushing sugarcane for the year 2016-2017 SS, and they have produced 53.29 lakh tonnes of sugar till that date, i.e. 5.36 lakh tonnes, or 11%, higher than the sugar production on the corresponding date of previous sugar season, when same number of sugar mills were in operation and had produced 47.93 lakh tonnes of sugar.

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Tata Steel inches up on plan to buy 100% equity of Brahmani River Pellets
Dec 23,2016

The announcement was made during trading hours today, 23 December 2016.

Meanwhile, the BSE Sensex was up 60.13 points, or 0.23%, to 26,039.73.

On the BSE, so far 4.24 lakh shares were traded in the counter, compared with average daily volumes of 7.82 lakh shares in the past one quarter. The stock had hit a high of Rs 395.60 and a low of Rs 387.05 so far during the day.

The stock hit a 52-week high of Rs 440.90 on 11 November 2016. The stock hit a 52-week low of Rs 211.30 on 12 February 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 0.01% compared with the 0.28% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.51% as against Sensexs 9.38% decline.

The large-cap company has equity capital of Rs 971.22 crore. Face value per share is Rs 10.

Tata Steel announces that it has executed definitive agreements to acquire 100% equity shares of Brahmani River Pellets (BRPL) from Aryan Mining and Trading Corporation (AMTC) and other companies in the Moorgate Industries Group (MIG). The transaction is based on an enterprise value of BRPL of Rs 900 crore plus closing adjustments and is subject to completion of certain condition precedents including regulatory approvals. The funding for the acquisition will be done from internal cash flows of Tata Steel.

BRPL was originally established by MIG (MIG was formed on demerger from Stemcor Group of companies as part of a UK court-approved restructuring in 2015), which continues to hold a significant stake in BRPL through its shareholding in AMTC. BRPL owns a 4 million tons per annum (MTPA) pellet plant in Jajpur, Odisha and 4.7 MTPA iron ore beneficiation plant in Barbu, Odisha connected through a 220 kilometre underground slurry pipeline.

Koushik Chatterjee, group executive director (finance & corporate) and member ofthe Tata Steel board, said that the location of the BRPL assets makes this very strategic toTata Steel especially to its Kalinganagar operations and has significant operatingsynergies to make the Kalinganagar plant even more competitive for the future. The ironore from the companys captive mine in the Joda and Khondbond region will get transferred in future through the slurry pipeline and reduce freight costs significantly apart from the 4 mtpa pellet plant and other infrastructure which will enhance the operating efficiency and reduce costs of blast furnace operations in Kalinganagar. To build a similar facility would have taken significant time and costs and therefore, this acquisition is very timely as the company is looking to ramp up the capacity of the Phase I at Kalinganagar. This is also ademonstration of the companys commitment to the state and people of Odisha.

On a consolidated basis, Tata Steel reported net loss of Rs 49.38 crore in Q2 September 2016, compared with net profit of Rs 5609.43 crore in Q2 September 2015. Net sales rose 0.1% to Rs 26291.86 crore in Q2 September 2016 over Q2 September 2015.

Tata Steel Group stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes per annum (MnTPA) and a turnover of $17.69billion in the year ended March 2016. It is the worlds second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.

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Asahi India Glass gains after bulk deal
Dec 23,2016

Meanwhile, the S&P BSE Sensex was up 138.42 points, or 0.53%, to 26,118.02

Bulk deal boosted volume on the Asahi India Glass counter. On the BSE, 9.06 lakh shares were traded on the counter so far as against the average daily volumes of 14,553 shares in the past one quarter. The stock had hit a high of Rs 175.80 and a low of Rs 170 so far during the day.

The stock had hit a record high of Rs 210 on 8 November 2016. The stock hit a 52-week low of Rs 135 on 22 March 2016. The stock had underperformed the market over the past 30 days till 22 December 2016, falling 5.11% compared with the 0.28% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 8.54% as against Sensexs 9.38% decline.

The mid-cap company has an equity capital of Rs 24.31 crore. Face value per share is Re 1.

Asahi India Glass consolidated net profit rose 69.66% to Rs 32.10 crore on 9.71% rise in net sales to Rs 615.74 crore in Q2 September 2016 over Q2 September 2015.

Asahi India Glass is Indias leading integrated glass manufacturer of all types of glass and a dominant player in the automotive and architectural glass value chains.

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Volumes jump at Asahi India Glass counter
Dec 23,2016

Asahi India Glass clocked volume of 9.05 lakh shares by 12:54 IST on BSE, a 122.06-times surge over two-week average daily volume of 7,000 shares. The stock rose 2% to Rs 173.80.

Vardhman Textiles notched up volume of 92,000 shares, a 115.81-fold surge over two-week average daily volume of 1,000 shares. The stock rose 0.89% to Rs 1,100.

Zuari Agro Chemicals saw volume of 5.67 lakh shares, a 84.53-fold surge over two-week average daily volume of 7,000 shares. The stock rose 6.31% to Rs 243.50.

Reliance Defence and Engineering clocked volume of 1.29 crore shares, a 61.85-fold surge over two-week average daily volume of 2.10 lakh shares. The stock rose 3.01% to Rs 54.75. A huge bulk deal of 1.23 crore shares was executed on the scrip at Rs 55.10 per share at 09:35 IST on BSE.

Elgi Equipments saw volume of 7.01 lakh shares, a 60.05-fold rise over two-week average daily volume of 12,000 shares. The stock shed 0.17% to Rs 181.

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Balrampur Chini Mills leads gainers on BSEs A group
Dec 23,2016

Balrampur Chini Mills rose 3.40% at Rs 120. The stock topped the gainers in A group. On the BSE, 1.69 lakh shares were traded on the counter so far as against the average daily volumes of 70,000 shares in the past two weeks.

Bajaj Finance rose 4.45% at Rs 800.30. The stock was the second biggest gainer in A group. On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past two weeks.

Jain Irrigation Systems rose 3.27% at Rs 85.15. The stock was the third biggest gainer in A group. On the BSE, 8.86 lakh shares were traded on the counter so far as against the average daily volumes of 3.51 lakh shares in the past two weeks.

Reliance Defence and Engineering rose 3.29% at Rs 54.90. The stock was the fourth biggest gainer in A group. On the BSE, 1.29 crore shares were traded on the counter so far as against the average daily volumes of 2.10 lakh shares in the past two weeks.

Info Edge (India) rose 1.75% at Rs 835. The stock was the fifth biggest gainer in A group. On the BSE, 184 shares were traded on the counter so far as against the average daily volumes of 2,559 shares in the past two weeks.

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Alkem Lab gains after getting EIR from USFDA for Daman facility
Dec 23,2016

The announcement was made during market hours today, 23 December 2016.

Meanwhile, the S&P BSE Sensex was up 38.23 points or 0.15% at 26,017.83

On the BSE, 3,924 shares were traded on the counter so far as against the average daily volumes of 8,300 shares in the past one quarter. The stock had hit a high of Rs 1,640 and a low of Rs 1,604 so far during the day.

The stock had hit a record high of Rs 1,852.95 on 29 September 2016. The stock had hit a record low of Rs 1,175 on 2 May 2016. The stock had underperformed the market over the past 30 days till 22 December 2016, falling 5.11% compared with the 0.28% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 8.54% as against Sensexs 9.38% decline.

The large-cap company has equity capital of Rs 23.91 crore. Face value per share is Rs 2.

Alkem Laboratories said that the United States Food and Drug Administration (USFDA) has issued an Establishment Inspection Report (EIR) for the companys Daman formulation facility which was inspected in September 2016. The inspection has now been closed by USFDA, Alkem Laboratories said.

The USFDA had inspected the Daman formulation facility from 20 to 29 September 2016 and had issued Form 483 with 13 observations, the company said. Post this, the company had submitted a detailed corrective and preventive action (CAPA) plan to the regulator within stipulated timelines, it said. The USFDA reviewed the CAPA and has found them acceptable, it added.

Alkem Laboratories consolidated net profit rose 5.96% to Rs 282.83 crore on 15.14% growth in total income to Rs 1672.27 crore in Q2 September 2016 over Q2 September 2015.

Alkem Laboratories is a pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.

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Asian Oilfield jumps on proposal to issue warrants
Dec 23,2016

The announcement was made after market hours yesterday, 22 December 2016.

Meanwhile, the S&P BSE Sensex was up 4.02 points or 0.02% at 25,983.62.

On the BSE, 97,000 shares were traded on the counter so far as against the average daily volumes of 1.73 lakh shares in the past two weeks. The stock had hit a high of Rs 119.90 and a low of Rs 105 so far during the day.

The stock had hit a 52-week high of Rs 124 on 14 December 2016 and a 52-week low of Rs 27.90 on 12 February 2016.

The allocation of warrants is subject to the companys shareholders approval in its extraordinary general meeting (EGM) to be held on 23 December 2016.

Asian Oilfield Services reported consolidated net loss of Rs 11.12 crore in Q2 September 2016 as against net profit of Rs 4.09 crore in Q2 September 2015. Total income from operations declined 94.71% to Rs 3.09 crore in Q2 September 2016 over Q2 September 2015.

Asian Oilfield Services is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent.

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Reliance Defence and Engineering advances after huge bulk deal
Dec 23,2016

Meanwhile, the S&P BSE Sensex was up 3.57 points, or 0.01%, to 25,983.17

Bulk deal boosted volume on the scrip. On the BSE, 1.29 crore shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past one quarter. The stock had hit a high of Rs 56.80 and a low of Rs 53 so far during the day.

The stock hit a 52-week high of Rs 114 on 28 December 2015. The stock hit a 52-week low of Rs 48.40 on 22 November 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 5.04% compared with the 0.28% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 12.58% as against Sensexs 9.38% decline.

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

Reliance Defence and Engineering reported net loss of Rs 116.29 crore in Q2 September 2016, lower than net loss of Rs 170.49 crore in Q2 September 2015. Reliance Defence & Engineerings total income rose 68.91% to Rs 106.21 crore in Q2 September 2016 over Q2 September 2015.

Reliance Defence and Engineering (formerly Pipavav Defence and Offshore Engineering Company) is into building defence warships.

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Wipro slips after reaching agreement with US SEC to resolve investigation
Dec 23,2016

The announcement was made after market hours yesterday, 22 December 2016.

Meanwhile, the BSE Sensex was up 8.94 vpoints, or 0.03%, to 25,988.54.

On the BSE, so far 15,000 shares were traded in the counter, compared with average daily volumes of 1.17 lakh shares in the past one quarter. The stock had hit a high of Rs 463 and a low of Rs 455.85 so far during the day.

The stock hit a 52-week high of Rs 606.75 on 20 April 2016. The stock hit a 52-week low of Rs 410 on 9 November 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 2.95% compared with the 0.28% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.93% as against Sensexs 9.38% decline.

The large-cap company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

Wipro announced that it has reached an agreement with the US Securities and Exchange Commission (SEC) to formally resolve the previously disclosed six-year-old investigation. In agreeing to the settlement, the company neither admits nor denies the SECs allegations that the company violated certain provisions of the Securities Exchange Act of 1934 (Exchange Act). The SEC has credited the companys cooperation and remedial measures in arriving at the settlement. Under the terms of the settlement, the Company consents to pay a civil money penalty of $5 million, to cease and desist from committing or causing violations of the Exchange Act, and to undertake certain follow through actions, the company said in a statement.

Wipro said it takes pride in its commitment to the highest standards of integrity and corporate governance. The company is pleased to formally resolve and put this six-year-old matter behind it. The company believes it is in its best interests and that of all its stakeholders to resolve this prolonged matter and has accordingly reached the settlement, the company added.

The matter relates to embezzlement of funds worth about $4 million by an employee which Wipro says it discovered in December 2009. The SEC initiated an inquiry in September 2010.

Wipros consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Sugar shares in demand
Dec 23,2016

Oudh Sugar Mills (up 15.98%), Rana Sugars (up 13.22%), Upper Ganges Sugar & Industries (up 9.99%), Dwarikesh Sugar Industries (up 9.86%), Simbhaoli Sugars (up 9.28%), Sakthi Sugars (up 7.14%), Dhampur Sugar Mills (up 6.48%), DCM Shriram Industries (up 6.32%), Empee Sugars and Chemicals (up 5.64%), Triveni Engineering & Industries (up 5.04%), Balrampur Chini Mills (up 4.65%), Shree Renuka Sugar (up 4.24%), KCP Sugar & Industries Corporation (up 3.76%), EID Parry (India) (up 1.47%) and Bajaj Hindusthan Sugar (up 0.21%), edged higher.

The S&P BSE Sensex was down 5.24 points, or 0.02% at 25,974.36.

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Goodluck India gains as board to consider allotment of warrants to promoters
Dec 23,2016

The announcement was made after market hours yesterday, 22 December 2016.

Meanwhile, the BSE Sensex was down 73.16 points, or 0.28%, to 25,906.44.

On the BSE, so far 7,388 shares were traded in the counter, compared with average daily volumes of 14,582 shares in the past one quarter. The stock had hit a high of Rs 88 and a low of Rs 80.60 so far during the day.

The stock hit a record high of Rs 134.40 on 3 August 2016. The stock hit a 52-week low of Rs 75.95 on 17 February 2016. The stock had underperformed the market over the past 30 days till 22 December 2016, falling 7.36% compared with the 0.28% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 27.42% as against Sensexs 9.38% decline.

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

Net profit of Goodluck India declined 60.2% to Rs 4.41 crore on 3.7% rise in net sales to Rs 281.40 crore in Q2 September 2016 over Q2 September 2015.

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

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Welspun Enterprises drops as board approves buyback offer
Dec 23,2016

The announcement was made after market hours yesterday, 22 December 2016.

Meanwhile, the S&P BSE Sensex was down 73.36 points, or 0.28%, to 25,906.24

On the BSE, 24,000 shares were traded on the counter so far as against the average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 60.50 and a low of Rs 58.55 so far during the day.

The stock hit a 52-week high of Rs 75.30 on 3 November 2016. The stock hit a 52-week low of Rs 43 on 12 February 2016. The stock had outperformed the market over the past 30 days till 22 December 2016, rising 5.04% compared with the 0.28% fall in the Sensex. The scrip also outperformed the market in past one quarter, falling 4.43% as against Sensexs 9.38% decline.

The small-cap company has equity capital of Rs 174.28 crore. Face value per share is Rs 10.

Welspun Enterprises said that with a view of utilising the companys substantial cash reserves and in order to enhance shareholder value, the board has approved buy back of 25% of the companys share capital. The buyback would be at Rs 62 per share in cash for an aggregate consideration not exceeding Rs 270 crore, Welspun Enterprises said. The promoter group, except the foreign co-promoters holding 2.17%, have indicated their intention to participate in the proposed buyback, the company said.

Welspun Enterprises reported net profit of Rs 2.86 crore in Q2 September 2016 as compared with net loss of Rs 6.18 crore in Q2 September 2015. Net sales rose 16.93% to Rs 33.22 crore in Q2 September 2016 over Q2 September 2015.

Welspun Enterprises is an operating company in the infrastructure business. The company also has investments in the oil and gas exploration.

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