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Hero MotoCorp gains after Sunil Munjal cease to exist as promoter post realignment
Aug 17,2016

The announcement was made before market hours today, 17 August 2016.

Meanwhile, the S&P BSE Sensex was up 22.95 points or 0.08% at 28,087.56.

On BSE, so far 18,908 shares were traded in the counter as against average daily volume of 27,993 shares in the past one quarter. The stock hit a high of Rs 3,429 and a low of Rs 3,308.05 so far during the day. The stock had hit a record high of Rs 3,553.55 on 8 August 2016. The stock had hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had outperformed the market over the past one month till 16 August 2016, rising 1.76% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.49% as against the Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp said that Sunil Kant Munjals tenure as Joint Managing Director of the company ended on 16 August 2016. He has also resigned from the board of directors of the company with effect from the same date. In addition, the company said it has received a communication from the individual promoters of the company stating that pursuant to the aforesaid realignment, Sunil Kant Munjal will henceforth, not be classified as a promoter of the company. However, Sunil Kant Munjal will continue to hold 32,500 equity shares of the company representing 0.02% of the issued and paid up share capital of the company in his individual capacity.

Hero MotoCorp (HMCL) had announced on 28 July 2016 that keeping with the core values of the Hero Group as established by the late Dr. Brijmohan Lall Munjal, the companys promoter members of BML Munjal family decided to realign their businesses to achieve future growth and expansion. At that time, the company had said that matriarch of the Munjal family, Sunil Kant Munjal, Joint Managing Director, HMCL and Chairman, Hero Corporate Service, intends to focus his time and energy on his independent and core businesses, and to pursue new business interests and therefore, had expressed his desire to step down from the board of directors of HMCL once his tenure as the Joint Managing Director of the company comes to an end on 16 August 2016. This realignment will not impact the overall promoter shareholding, strategic direction or operational management of the company, HMCL had said at that time.

On 9 August 2016, the board of directors of the company reappointed Pawan Munjal as the Chairman, Managing Director & Chief Executive Officer of the company for a period of five years with effect from 1 October 2016. His current tenure comes to an end on 30 September 2016.

Meanwhile, the companys promoter group entities had realigned their holding in the company via bulk deal mechanism on the NSE on 11 August 2016. Brij Mohan Lal Om Prakash sold 57.54 lakh shares of Hero MotoCorp (HMCL) at an average price of Rs 3,319 per share in a bulk deal on the NSE on 11 August 2016. Two other promoter group entities were the buyers in the bulk deal. Bahadur Chand Investments bought 48.80 lakh shares at Rs 3,319 per share and Hero Investcorp bought 8.73 lakh shares at Rs 3,319 per share.

The total holding of promoters in HMCL stood at 34.64% as on 30 June 2016.

Hero MotoCorps net profit rose 18.1% to Rs 883.10 crore on 7.1% growth in net sales to Rs 7289.59 crore in Q1 June 2016 over Q1 June 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Hero MotoCorp gains after completion of realignment of business interest among Munjal family
Aug 17,2016

The announcement was made before market hours today, 17 August 2016.

Meanwhile, the S&P BSE Sensex was up 22.95 points or 0.08% at 28,087.56.

On BSE, so far 18,908 shares were traded in the counter as against average daily volume of 27,993 shares in the past one quarter. The stock hit a high of Rs 3,429 and a low of Rs 3,308.05 so far during the day. The stock had hit a record high of Rs 3,553.55 on 8 August 2016. The stock had hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had outperformed the market over the past one month till 16 August 2016, rising 1.76% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.49% as against the Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Sunil Kant Munjals resignation from the companys board of directors comes as his tenure as the Joint Managing Director of the company ended yesterday, 16 August 2016. Hero MotoCorp (HMCL) announced on 28 July 2016 that Sunil Kant Munjal decided to step down as Joint Managing Director of the company as part of a realignment of business interest amongst the promoter Munjal family. Sunil Kant Munjal will focus on his independent and core businesses, and will pursue new business interests. This realignment will not impact the overall promoter shareholding, strategic direction or operational management of the company, HMCL had said at that time.

Sunil Kant Munjal will henceforth not be classified as a promoter of the company. However, he will continue to hold 32,500 equity shares of the company representing 0.02% of the issued and paid up share capital of the company in his individual capacity.

On 9 August 2016, the board of directors of the company reappointed Pawan Munjal as the Chairman, Managing Director & Chief Executive Officer of the company for a period of five years with effect from 1 October 2016. His current tenure comes to an end on 30 September 2016.

The total holding of promoters in HMCL stood at 34.64% as on 30 June 2016.

Hero MotoCorps net profit rose 18.1% to Rs 883.10 crore on 7.1% growth in net sales to Rs 7289.59 crore in Q1 June 2016 over Q1 June 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Just Dial slips after uninspiring Q1 results
Aug 17,2016

The result was announced after market hours yesterday, 16 August 2016.

Meanwhile, the S&P BSE Sensex was up 35.21 points or 0.13% at 28,099.82.

On BSE, so far 5.18 lakh shares were traded in the counter as against average daily volume of 2.40 lakh shares in the past one quarter. The stock hit a high of Rs 490 and a low of Rs 445.50 so far during the day. The stock had hit a record low of Rs 377.65 on 12 February 2016. The stock had hit a 52-week high of Rs 1,076.90 on 14 October 2015. The stock had underperformed the market over the past one month till 16 August 2016, sliding 12.18% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 33.38% as against Sensexs 9.4% rise.

The mid-cap company has equity capital of Rs 70.54 crore. Face value per share is Rs 10.

Just Dials board of directors at its meeting held yesterday, 16 August 2016, approved a draft scheme of arrangement between Just Dial and Just Dial Global Private (JDGPL) for demerger of Data and Information Undertaking (demerged undertaking) of JDGPL into the company, subject to requisite approvals. The scheme proposes to demerge the Data and Information Undertaking of JDGPL and consolidate it with the key elemental search business operations carried out by Just Dial.

Just Dial started offering local search services in 1996 under the Just Dial brand and is now the leading local search engine in India.

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Piramal Enterprises hits record high after announcing acquisition of US based firm
Aug 17,2016

The announcement was made after market hours yesterday, 16 August 2016.

Meanwhile, the S&P BSE Sensex was up 57.68 points or 0.21% at 28,122.29.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 30,760 shares in the past one quarter. The stock hit a high of Rs 1,850 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,807.85 so far during the day. The stock had hit a 52-week low of Rs 805 on 18 September 2015. The stock had outperformed the market over the past one month till 16 August 2016, surging 14.3% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 39.97% as against Sensexs 9.4% rise.

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

Piramal Enterprises (PEL) announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based contract development and manufacturing organisation (CDMO), in an all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain EBITDA targets, payable over the next six months. This potential transaction is expected to be completed by end of August, PEL said. This acquisition adds niche potent molecule manufacturing capabilities to the portfolio of services offered by PELs pharma solutions business, the company said. Ash Stevens reported revenue of about $18.3 million in FY 2015 (twelve months ended 30 September 2015).

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.

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Tata Power gains after subsidiary completes sale of 50% stake in OTP Geothermal
Aug 17,2016

The announcement was made after market hours yesterday, 16 August 2016.

Meanwhile, the S&P BSE Sensex, was currently off 2.43 points or 0.01% at 28,062.18.

On BSE, so far 25,160 shares were traded in the counter, compared with an average daily volume of 4.47 lakh shares in the past one quarter. The stock hit high of Rs 77.20 and low of Rs 76.60 so far during the trading session.

Tata Power International Pte. (TPIPL), a wholly-owned subsidiary of Tata Power Company in Singapore has completed the sale of its 50% stake in OTP Geothermal Pte. (OTP) to KS Orka Renewables Pte. An agreement for the sale of the stake was signed in April 2016. OTP, a 50:50 joint venture between Tata Power and Origin Energy, holds a 95% interest in Indonesias PT Sorik Marapi Geothermal Power (SMGP). SMGP is currently pursuing development of 240 megawatts Sorik Marapi Geothermal power project in North Sumatra.

Tata Power said in a statement that the divestment of stake in OTP is consistent with its strategy to constantly review its businesses and restructure, as required, to deliver long term value to shareholders. Tata Power further said that it has significant investments in Indonesia and that the company remains committed to development of Indonesian power and energy sector. The company also continues to explore thermal and renewable power project opportunities within the independent power producer (IPP) programs of Government of Indonesia.

Tata Power is Indias largest integrated power company with a growing international presence. The company has presence in all the segments of the power sector viz. fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.

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KNR Constructions moves higher after strong Q1 results
Aug 16,2016

The result was announced on Sunday, 14 August 2016. The stock market was closed yesterday, 15 August 2016, for a holiday.

Meanwhile, the S&P BSE Sensex was down 79.07 points or 0.28% at 28,073.33.

On BSE, so far 5,543 shares were traded in the counter as against average daily volume of 14,659 shares in the past one quarter. The stock hit a high of Rs 645 and a low of Rs 624.90 so far during the day. The stock had hit a record high of Rs 651.75 on 19 November 2015. The stock had hit a 52-week low of Rs 408 on 12 February 2016. The stock had outperformed the market over the past one month till 12 August 2016, surging 10.21% compared with 1.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 19.65% as against Sensexs 9.16% rise.

The small-cap company has equity capital of Rs 28.12 crore. Face value per share is Rs 10.

KNR Constructions is an infrastructure development company providing engineering, procurement and construction services.

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Wockhardt slips after announcing poor Q1 results
Aug 16,2016

The result was announced on Saturday, 13 August 2016.

Meanwhile, the S&P BSE Sensex was down 79.41 points or 0.28% at 28,072.99.

High volumes were witnessed on the counter. On BSE, so far 4.64 lakh shares were traded in the counter as against average daily volume of 1.93 lakh shares in the past one quarter. The stock hit a high of Rs 804 and a low of Rs 766.50 so far during the day.

Wockhardts earnings before interest, taxes, depreciation and amortization (EBITDA) excluding one-time opportunities and before R&D spend rose 9.65% to Rs 193 crore in Q1 June 2016 over Q1 June 2015.

Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.

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NMDC slides after announcing dismal Q1 numbers
Aug 16,2016

The result was announced after market hours on Friday, 12 August 2016. The stock markets remained closed yesterday, 15 August 2016 on account of holiday.

Meanwhile, the S&P BSE Sensex was down 160.90 points or 0.57% at 27,988.71.

On BSE, so far 1.19 lakh shares were traded in the counter as against average daily volume of 2.99 lakh shares in the past two weeks. The stock hit a high of Rs 101.35 and a low of Rs 99.50 so far during the day. The stock had hit a 52-week high of Rs 105.50 on 19 October 2015. The stock had hit a 52-week low of Rs 75.20 on 12 February 2016. The stock had outperformed the market over the past one month till 12 August 2016, rising 4.6% compared with 1.24% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.7% as against the Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 396.47 crore. Face value per share is Re 1.

Separately, NMDC announced during market hours today, 16 August 2016 that on provisional basis, total production stood at 9.55 million tonnes and total sales stood at 10.2 million tonnes in July 2016.

NMDC is Indias largest public sector iron ore producer. As per the shareholding pattern, Government of India (GoI) holds 80% stake in NMDC as on 30 June 2016.

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Strong Q1 earnings boost Divis Lab
Aug 16,2016

The result was announced after market hours on Friday, 12 August 2016.

Meanwhile, the S&P BSE Sensex was down 74.98 points or 0.27% at 28,077.42.

On BSE, so far 86,000 shares were traded in the counter as against average daily volume of 45,131 shares in the past one quarter. The stock hit a high of Rs 1,279.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,200 so far during the day. The stock had hit a 52-week low of Rs 918.10 on 29 February 2016. The stock had outperformed the market over the past one month till 12 August 2016, advancing 2.44% compared with 1.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 11.9% as against Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 53.09 crore. Face value per share is Rs 2.

There was a forex gain of Rs 0.73 crore in Q1 June 2016 compared with a forex gain of Rs 21 crore in Q1 June 2015.

Divis Laboratories is primarily engaged in the manufacture of active pharmaceutical ingredients (APIs) & intermediates for generics, custom synthesis of APIs and advanced intermediates for discovery compounds for pharma giants, building blocks for peptides, building blocks for nucleotides, carotenoids and chiral ligands.

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Power Grid Corp hits record high after robust Q1 earnings
Aug 16,2016

The result was announced during market hours today, 16 August 2016.

Meanwhile, the S&P BSE Sensex was down 162.48 points or 0.58% at 27,989.92.

On BSE, so far 6.03 lakh shares were traded in the counter as against average daily volume of 3.97 lakh shares in the past one quarter. The stock hit a high of Rs 183.05 so far during the day, which is a record high for the counter. The stock hit a low of Rs 178.80 so far during the day. The stock had hit a 52-week low of Rs 120.75 on 10 September 2015. The stock had outperformed the market over the past one month till 12 August 2016, advancing 6.81% compared with 1.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.8% as against Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

State-run Power Grid Corporation of India is an electric power transmission utility company. Government of India currently holds 57.9% stake in the firm (as per the shareholding pattern as on 30 June 2016).

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NHPC scales 52-week high after announcing Q1 results
Aug 16,2016

The result was announced after market hours on Friday, 12 August 2016. The stock market was closed yesterday, 15 August 2016, for a holiday.

Meanwhile, the S&P BSE Sensex was down 164.74 points or 0.59% at 27,987.66.

On BSE, so far 7.87 lakh shares were traded in the counter as against average daily volume of 7.62 lakh shares in the past one quarter. The stock hit a high of Rs 27.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 26.20 so far during the day. The stock had hit a 52-week low of Rs 15.55 on 25 August 2015. The stock had outperformed the market over the past one month till 12 August 2016, rising 1.96% compared with 1.24% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.73% as against the Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

Government of India (GoI) currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 June 2016).

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NHPC gains after reporting decent Q1 results
Aug 16,2016

The result was announced after market hours on Friday, 12 August 2016. The stock markets remained closed yesterday, 15 August 2016 on account of holiday.

Meanwhile, the S&P BSE Sensex was down 164.74 points or 0.59% at 27,987.66.

On BSE, so far 7.87 lakh shares were traded in the counter as against average daily volume of 7.62 lakh shares in the past one quarter. The stock hit a high of Rs 27.30, which is also a 52-week high for the stock. The stock hit a low of Rs 26.20 so far during the day. The stock had hit a 52-week low of Rs 15.55 on 25 August 2015. The stock had outperformed the market over the past one month till 12 August 2016, rising 1.96% compared with 1.24% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.73% as against the Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

Government of India (GoI) currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 June 2016).

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Volumes jump at Sangam (India) counter
Aug 16,2016

Sangam (India) clocked volume of 2.01 lakh shares by 13:53 IST on BSE, a 93.94-times surge over two-week average daily volume of 2,000 shares. The stock lost 1.86% at Rs 250.80.

GPT Infraprojects notched up volume of 2.50 lakh shares, a 16.7-fold surge over two-week average daily volume of 15,000 shares. The stock rose 1.12% at Rs 243.95.

Wipro saw volume of 18.16 lakh shares, a 14.79-fold surge over two-week average daily volume of 1.23 lakh shares. The stock lost 1.41% at Rs 536.10.

GM Breweries clocked volume of 1.05 lakh shares, a 9.67-fold surge over two-week average daily volume of 11,000 shares. The stock was locked at 20% upper circuit at Rs 547.35.

Divis Laboratories saw volume of 75,000 shares, a 7.19-fold rise over two-week average daily volume of 10,000 shares. The stock surged 7.02% at Rs 1,273.90.

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SBI extends gains as bad-loan metrics beat estimates in Q1
Aug 16,2016

Meanwhile, the BSE Sensex was down 151.41 points, or 0.52% to 28,005.45.

On BSE, so far 15.6 lakh shares were traded in the counter, compared with average daily volume of 29.85 lakh shares in the past one quarter. The stock hit a high of Rs 247.80 and a low of Rs 242.95 so far during the day. The stock hit a 52-week high of Rs 287.90 on 18 August 2015. The stock hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had outperformed the market over the past one month till 12 August 2016, rising 7.4% compared with 1.24% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 29.09% as against the Sensexs 9.16% rise.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

The SBI stock had jumped 7.16% to settle at Rs 243.20 on Friday, 12 August 2016, after the announcement of Q1 results. The stock market was closed yesterday, 15 August 2016, for a holiday.

SBIs net profit fell 31.72% to Rs 2520.96 crore on 9.38% rise in total income to Rs 48928.60 crore in Q1 June 2016 over Q1 June 2015. The banks gross non-performing assets (NPA) stood at Rs 101541.18 crore as on 30 June 2016 as against Rs 98172.80 crore as on 31 March 2016 and Rs 56420.77 crore as on 30 June 2015. The ratio of gross NPA to gross advances stood at 6.94% as on 30 June 2016 as against 6.50% as on 31 March 2016 and 4.29% as on 30 June 2015. The ratio of net NPA to net advances stood at 4.05% as on 30 June 2016 as against 3.81% as on 31 March 2016 and 2.24% as on 30 June 2015.

Meanwhile, a foreign brokerage has reportedly upgraded its rating on State Bank of India (SBI) stock to buy after the announcement of first quarter results. The brokerage has reportedly stated that SBI scores over PSU peers on asset quality, profitability and capitalisation.

SBI is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 June 2016).

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RIL declines on reports petroleum ministry imposes $250 million penalty
Aug 16,2016

Meanwhile, the S&P BSE Sensex was down 137.66 points or 0.49% at 28,014.74.

On BSE, so far 1.21 lakh shares were traded in the counter as against average daily volume of 2.54 lakh shares in the past one quarter. The stock hit a high of Rs 1,044 and a low of Rs 1,017.25 so far during the day. The stock had hit a 52-week low of Rs 819 on 24 August 2015. The stock had hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock had outperformed the market over the past one month till 12 August 2016, gaining 3.28% compared with 1.24% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 4.43% as against Sensexs 9.16% rise.

The large-cap company has equity capital of Rs 3242.95 crore. Face value per share is Rs 10.

Reports suggested that the petroleum ministry has slapped a penalty of nearly $250 million on Reliance Industries (RIL) to make good the governments loss of profit petroleum owing to the firms inability to meet the natural gas production targets from the Krishna-Godavari (KG) D6 block. The KG-D6 fields started production in April 2009. The current production of around 8 million metric standard cubic metres per day (mmscmd) is a far cry from the peak of over 69 mmscmd achieved in early 2010, reports suggested. The block was envisaged to produce more than 80 mmscmd of the fuel, reports indicated. Profit petroleum is the main source of revenue for the government from a hydrocarbon block.

On consolidated basis, RILs net profit rose 18.1% to Rs 7113 crore on 15.2% decline in net sales to Rs 64990 crore in Q1 June 2016 over Q1 June 2015.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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