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TVS Motor rises on good sales in June
Jul 04,2016

The announcement was made after market hours on Friday, 1 July 2016.

Meanwhile, the BSE Sensex was up 194.42 points, or 0.72%, to 27,339.33.

On BSE, so far 26,000 shares were traded in the counter, compared with average daily volume of 1.79 lakh shares in the past one quarter. The stock hit a high of Rs 317.55 and a low of Rs 313.75 so far during the day. The stock hit a 52-week high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 201 on 24 August 2015. The stock had outperformed the market over the past one month till 1 July 2016, rising 4.70% compared with 1.12% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.40% as against Sensexs 7.42% rise.

The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 13.8% to 2.39 lakh units in June 2016 over June 2015. Domestic two-wheeler sales rose 16.4% to 2.06 lakh units in June 2016 over June 2015. Scooter sales rose 10.3% to 67,539 lakh units in June 2016 over June 2015. Motorcycle sales rose 7.6% to 95,465 lakh units in June 2016 over June 2015. Three-wheeler sales fell 35.77% to 7,128 lakh units in June 2016 over June 2015. Total exports fell 9.09% to 39,112 lakh units in June 2016 over June 2015. Three-wheeler exports fell 0.18% to 33,173 lakh units in June 2016 over June 2015.

TVS Motor Companys net profit rose 30.1% to Rs 117.76 crore on 15.9% growth in net sales to Rs 2776.39 crore in Q4 March 2016 over Q4 March 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

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Tata Motors gains after decent June sales
Jul 04,2016

The announcement was made after market hours on Friday, 1 July 2016.

Meanwhile, the BSE Sensex was up 181.95 points, or 0.67%, to 27,326.86.

On BSE, so far 84,000 shares were traded in the counter, compared with an average daily volume of 8.15 lakh shares in the past one quarter. The stock hit a high of Rs 471 and a low of Rs 467.90 so far during the day. The stock hit a 52-week high of Rs 489.60 on 23 June 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 1 July 2016, rising 1.04% compared with 1.12% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 20.64% as against Sensexs 7.42% rise.

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

Tata Motors domestic sales of Tata commercial and passenger vehicles rose 8% to 38,673 units in June 2016 over June 2015. Passenger vehicles sales in the domestic market grew 22% to 12,509 units in June 2016 over June 2015. Sales of passenger cars rose by 37% to 11,705 units in June 2016 over June 2015, as Tata Motors hatchback sales grew by over a 100% at 7,126 units in June 2016, due to strong demand for the recently launched Tiago.

Sales of Tata Motors Light Commercial Vehicles (LCVs) rose 14% to 16,017 units in June 2016 over June 2015. Medium & Heavy Commercial Vehicles (M&HCV) sales fell 11% to 10,147 units in June 2016 over June 2015. The overall commercial vehicles sales in the domestic market rose 2% to 26,164 units in June 2016 over June 2015. The companys sales from exports rose 11% to 5,603 units in June 2016 over June 2015.

Tata Motors consolidated net profit jumped 201.6% to Rs 5177.06 crore on 18.8% growth in net sales to Rs 79926.12 crore in Q4 March 2016 over Q4 March 2015.

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

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Hero MotoCorp gains after disclosing June sales figures
Jul 04,2016

The announcement was made after market hours on Friday, 1 July 2016.

Meanwhile, the BSE Sensex was up 160.98 points, or 0.59%, to 27,305.89.

On BSE, so far 569 shares were traded in the counter, compared with an average daily volume of 40,275 shares in the past one quarter. The stock hit a high of Rs 3225 and a low of Rs 3177 so far during the day. The stock hit a 52-week high of Rs 3,222.35 on 30 June 2016. The stock 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 1 July 2016, rising 1.25% compared with 1.12% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.64% as against Sensexs 7.42% rise.

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

Hero MotoCorp said it reported sales growth of 6.07% to 17.45 lakh units in Q1 June 2016 over Q1 June 2015 in spite of subdued rural demand. The company said it will soon introduce Splendor iSmart 110 motorcycle in the market - the first motorcycle to have been completely developed by the in-house research and development (R&D) team at Hero MotoCorp. The company further added that with the implementation of the 7th Pay Commission and the forecast of the above-average monsoon, it is optimistic about a pick-up in sales momentum.

Last week, the Union Cabinet approved 7th Pay Commissions proposal to raise salaries and pensions for central government employees, which could boost consumer spending and lift demand for two-wheelers and passenger vehicles.

Hero MotoCorps net profit rose 70.9% to Rs 814.16 crore on 10.3% increase in net sales to Rs 7385.23 crore in Q4 March 2016 over Q4 March 2015.

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

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Shriram City Union Finance advances after large bulk deal
Jul 01,2016

Meanwhile, the BSE Sensex was up 159.21 points, or 0.57%, to 27,154.12

Bulk deal boosted volume on the scrip. On BSE, so far 25.25 lakh shares were traded in the counter, compared with an average volume of 1,313 shares in the past one quarter. The stock hit a high of Rs 1,735 and a low of Rs 1,630 so far during the day. The stock hit a 52-week high of Rs 1,880 on 6 August 2015. The stock hit a 52-week low of Rs 1,336.75 on 18 January 2016. The stock had underperformed the market over the past 30 days till 30 June 2016, gaining 0.43% compared with Sensexs 1.07% gains. The stock also underperformed the market in past one quarter, falling 5.01% as against Sensexs 6.85% rise.

The large-cap company has an equity capital of Rs 65.93 crore. Face value per share is Rs 10.

Shriram City Union Finances consolidated net profit dropped 60.64% to Rs 61.16 crore on 11.8% rise in total income to Rs 1039.24 crore in Q4 March 2016 over Q4 March 2015.

Shriram City Union Finance is Indias premier financial services company specializing in retail finance. It has a comprehensive range of offerings comprising finance for two wheelers and three wheelers, four wheeler finance (both new and pre-owned passenger and commercial vehicles), personal loans, small business loans, and loan against gold.

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Shriram Transport Finance gains on plans to raise funds
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the BSE Sensex was up 162.40 points, or 0.6%, to 27,162.12.

On BSE, so far 47,000 shares were traded in the counter, compared with an average volume of 79,000 shares in the past two weeks. The stock hit a high of Rs 1,244.40, which was also a 52-week high for the stock. The stock hit a low of Rs 1,209.50 so far during the day. The stock hit a 52-week low of Rs 736.50 on 21 January 2016.

The large-cap company has an equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company announced that it is considering raising of funds through various options of borrowings including by way of issue of secured redeemable non-convertible debentures (NCDs) on private placement basis. Based on the market conditions, the meeting of Banking and Finance Committee will be held during the current month ending 31 July 2016 to consider and approve the terms of such borrowings.

Separately, Shriram Transport Finance Company announced after market hours yesterday, 30 June 2016 that the Banking and Finance Committee of the company in its meeting held yesterday, 30 June 2016, approved and allotted 850 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 85 crore on private placement basis.

Shriram Transport Finance Companys net profit fell 54.6% to Rs 143.92 crore on 26.2% rise in total income to Rs 2918.03 crore in Q4 March 2016 over Q4 March 2015.

Shriram Transport Finance Company is the largest asset financing NBFC. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks.

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Ashok Leyland gains after reporting decent sales in June
Jul 01,2016

The announcement was made during market hours today, 1 June 2016.

Meanwhile, the S&P BSE Sensex was up 191.10 points or 0.71% at 27,190.82.

On BSE, so far 11.55 lakh shares were traded in the counter as against average daily volume of 12.55 lakh shares in the past two weeks. The stock hit a high of Rs 100.55 and low of Rs 98.85 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2015.The stock had hit 52-week low of Rs 70.50 6 July 2015.

The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.

Ashok Leyland said that sales of medium & heavy commercial vehicles (M&HCV) rose 8% to 8,685 units in June 2016 over June 2015. Sales of light commercial vehicles (LCV) rose 0.41% to 2,423 units in June 2016 over June 2015

Ashok Leylands net profit dropped 66.5% to Rs 77.02 crore on 26.7% rise in total income to Rs 6028.92 crore in Q4 March 2016 over Q4 March 2015.

Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.

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Atul Auto falls after reporting muted sales growth in June
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the S&P BSE Sensex was up 190.23 points or 0.7% to 27,189.95.

On BSE, so far 6,782 shares were traded in the counter, compared with an average volume of 5,302 shares in the past one quarter. The stock hit a high of Rs 501.20 and a low of Rs 487 so far during the day. The stock hit a 52-week high of Rs 581 on 6 January 2016. The stock hit a 52-week low of Rs 370.50 on 28 August 2015. The stock had underperformed the market over the past 30 days till 30 June 2016, gaining 0.43% compared with Sensexs 1.07% gains. The stock also underperformed the market in past one quarter, falling 5.01% as against Sensexs 6.85% rise.

The small-cap company has an equity capital of Rs 10.97 crore. Face value per share is Rs 5.

Atul Autos net profit rose 25.72% to Rs 10.85 crore on 6.01% rise in net sales to Rs 129.07 crore in Q4 March 2016 over Q4 March 2015.

Atul Auto manufactures three wheeler auto vehicles.

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HDFC Bank gains after launching full-fledged digital banking service for SME
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the BSE Sensex was up 170.83 points, or 0.63%, to 27,170.55

On BSE, so far 41,000 shares were traded in the counter, compared with an average volume of 96,868 shares in the past one quarter. The stock hit a high of Rs 1,184.60 and a low of Rs 1,175.75 so far during the day. The stock hit a record high of Rs 1,194.80 on 30 May 2016. The stock hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 30 June 2016, gaining 0.06% compared with Sensexs 1.07% gains. The stock, however, outperformed the market in past one quarter, rising 10.41% as against Sensexs 6.85% rise.

The large-cap company has an equity capital of Rs 507.01 crore. Face value per share is Rs 2.

HDFC Bank said that SM Bank will allow clients to access a complete suite of services instantly and round-the-clock on the device of their choice, be it a desktop, laptop, tablet or mobile. This facility does away with the need to call relationship manager or visit a branch, thereby saving considerable time and effort for the customer and is totally secure, HDFC Bank said. The facility will be available to existing customers, it added.

HDFC Banks net profit rose 20.21% to Rs 3374.22 crore on 21.15% increase in total income to Rs 18862.61 crore in Q4 March 2016 over Q4 March 2015.

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

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Sandur Manganese spurts after announcing hike in manganese ore production limit
Jul 01,2016

The announcement was made during trading hours today, 1 July 2016.

Meanwhile, the BSE Sensex was up 192.32 points, or 0.71%, to 27,192.04

On BSE, so far 31,000 shares were traded in the counter, compared with an average volume of 8,967 shares in the past one quarter. The stock hit a high of Rs 627.70 and a low of Rs 578 so far during the day. The stock hit a 52-week high of Rs 870 on 16 July 2015. The stock hit a 52-week low of Rs 280 on 26 February 2016. The stock had outperformed the market over the past 30 days till 30 June 2016, gaining 3.94% compared with Sensexs 1.07% gains. The stock, however, underperformed the market in past one quarter, rising 3.79% as against Sensexs 6.85% rise.

The small-cap company has an equity capital of Rs 8.75 crore. Face value per share is Rs 10.

Sandur Manganese & Iron Ores said that the Central Empowered Committee (CEC), constituted by the Supreme Court of India has vide letter dated 27 June 2016 communicated its approval for enhancement of companys manganese ore production limit to 0.254 million tonne per annum (MTPA) which was hitherto reduced from 0.55 MTPA to 0.18 MTPA after the Supreme Court had in January 2013 directed the Government of Karnataka to scale down the iron ore production to safeguard the environment from further degradation.

Sandur Manganese & Iron Ores had reported net loss of Rs 17.01 crore in Q4 March 2016, higher than net loss of Rs 20.09 crore in Q4 March 2015. Net sales rose 3.11% to Rs 59.73 crore in Q4 March 2016 over Q4 March 2015.

Sandur Manganese & Iron Ores is engaged in the business of mining manganese and iron ore.

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Kesar Terminals gains after board approval for 2 for 1 stock split
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the S&P BSE Sensex was up 215.70 points or 0.8% at 27,215.42.

On BSE, so far 3,131 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks. The stock hit a high of Rs 529 and a low of Rs 514 so far during the day. The stock had hit a 52-week high of Rs 538 on 21 June 2016. The stock had hit a 52-week low of Rs 330 on 25 August 2015.

The small-cap company has equity capital of Rs 5.25 crore. Face value per share is Rs 10.

On 24 June 2016, Kesar Terminals & Infrastructures board had recommended issue of 1:25 bonus shares (one bonus share for every twenty five currently held).

On consolidated basis, Kesar Terminals & Infrastructures net profit rose 66.4% to Rs 4.21 crore on 4.06% growth in net sales to Rs 11.05 crore in Q4 March 2016 over Q4 March 2015.

Kesar Terminals is a diversified company with interests in manufacture of sugar, alcohol, production of hybrid seeds and in the service sector.

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IL&FS Transportation jumps after announcing fund raising plans
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the BSE Sensex was up 199.51 points, or 0.74%, to 27,199.23.

High volumes were witnessed on the counter. On BSE, so far 2.63 lakh shares were traded in the counter, compared with an average volume of 68,232 shares in the past one quarter. The stock hit a high of Rs 80.80 and a low of Rs 73 so far during the day. The stock hit a 52-week high of Rs 151.88 on 20 July 2015. The stock hit a record low of Rs 64 on 26 February 2016. The stock had outperformed the market over the past one month till 30 June 2016, gaining 5.01% compared with Sensexs 1.03% gains. The stock had also outperformed the market in past one quarter, rising 6.92% as against Sensexs 6.56% rise.

The mid-cap company has an equity capital of Rs 328.96 crore. Face value per share is Rs 10.

IL&FS Transportation Networks announced that the Committee of Directors had approved yesterday, 30 June 2016 the allotment of 200 rated, listed, redeemable, non-convertible debentures - the debentures of the face value of Rs 10 lakh aggregating to Rs 200 crore on a private placement basis.

On a consolidated basis, IL&FS Transportation Networks net profit rose 3.3% to Rs 80.42 crore on 78.2% rise in net sales to Rs 2547.98 crore in Q4 March 2016 over Q4 March 2015.

IL&FS Transportation Networks has grown into the largest BOT (build, operate and transfer) road assets owner in India.

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Strides Shasun gains after announcing successful completion of USFDA inspection of Bangalore unit
Jul 01,2016

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

Meanwhile, the S&P BSE Sensex was up 233.70 points or 0.87% at 27,232.08.

On BSE, so far 88,000 shares were traded in the counter as against average daily volume of 43,712 shares in the past one quarter. The stock hit a high of Rs 1,205 and a low of Rs 1,160 so far during the day. The stock had hit record high of Rs 1,412.45 on 23 November 2015. The stock had hit a 52-week low of Rs 848 on 29 February 2016. The stock had outperformed the market over the past 30 days till 30 June 2016, gaining 1.58% compared with Sensexs 1.07% gains. The stock, however, underperformed the market in past one quarter, rising 5.88% as against Sensexs 6.85% rise.

The large-cap company has an equity capital of Rs 89.37 crore. Face value per share is Rs 10.

Strides Shasun yesterday, 30 June 2016 announced successful completion of the United States Food and Drug Administration (USFDA) inspection of its oral dosage facility in Bangalore with Zero 483s. The audit was carried out related to a product filed from the new semi solids block from where the company has made a series of filings, Strides Shasun said. With the recently closed Establishment Inspection Report (EIR) announced on 7 June 2016, the entire facility is now USFDA compliant, the company said. The oral dosage facility in Bangalore manufactures oral dosage forms including tablets, capsules, ointments and liquids. The manufacturing plant supports important current and future submissions for the US market, it added.

Strides Shasuns consolidated net profit rose 744.04% to Rs 96.22 crore on 212.25% rise in net sales to Rs 961.20 crore in Q4 March 2016 over Q4 March 2015.

Strides Shasun is a vertically integrated global pharmaceutical company headquartered in Bangalore. The company has four business verticals, viz., Regulated Markets, Emerging Markets, Institutional Business and Pharmaceutical Services & Active Ingredients. The company has global manufacturing foot print with 12 manufacturing facilities spread across three continents including 6 US FDA approved facilities and 6 facilities for the emerging markets.

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Maruti Suzuki drops in volatile trade after reporting weak sales in June
Jul 01,2016

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the S&P BSE Sensex was up 242.93 points or 0.9% at 27,242.65.

On BSE, so far 31,255 shares were traded in the counter as against average daily volume of 80,377 shares in the past one quarter. The stock was volatile. At the days high of Rs 4,213.50, the stock rose 0.67%. At the days low of Rs 4,130 so far during the day, the stock fell 1.31%. The stock had hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had hit a record high of Rs 4,789 on 23 November 2015. The stock had outperformed the market over the past one month till 30 June 2016, gaining 2.75% compared with Sensexs 1.03% gains. The stock had also outperformed the market in past one quarter, rising 12.26% as against Sensexs 6.56% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India said that domestic sales dropped 10.2% to 92,133 units in June 2016 over June 2015. Exports slumped 44.7% to 6,707 units in June 2016 over June 2015.

Maruti Suzuki India (MSIL) said that that there was a disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company. The company expects to recover the production loss during the course of the year. The company added that together with its employees and vendors, company is gradually stepping up production of newly launched models - Baleno and Brezza to service the pending demand.

Separately, Maruti Suzuki India announced after market hours yesterday, 30 June 2016, that it has signed a memorandum of understanding (MoU) with Government of Andhra Pradesh, to set up, manage and run Institute of Driving Training and Traffic Research at Venkatachalam village in Darsi, Prakasham district of Hyderabad. The infrastructure spread across 20 acres of land will be provided by the Andhra Pradesh Government, while Maruti Suzuki India will run and manage the institute. The infrastructure is expected to be completed by 2018.

Set up under the public-private-partnership (PPP) model, this will be Maruti Suzuki Indias first Institute of Driving Training and Traffic Research (IDTR) in South India. The company will undertake the training on lines of the other IDTRs including All Gujarat Institute of Driving, Technical Training and Research (AGIDTTR), Vadodara. The company plans to collaborate with the various government departments like Tribal Development Department to promote road safety and driving as an employment opportunity among the tribal youth of Andhra Pradesh. The main focus is to make people employable hence additional training in personality, hygiene, courtesy and communication is imparted to the youth.

Maruti Suzuki Indias net profit declined 11.7% to Rs 1133.60 crore on 12.5% growth in net sales to Rs 14929.50 crore in Q4 March 2016 over Q4 March 2015.

Maruti Suzuki India is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 31 March 2016).

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Equitas Holdings scales record high after issue of banking licence by RBI
Jul 01,2016

The announcement was made before market hours today, 1 July 2016.

Meanwhile, the S&P BSE Sensex was up 216.80 points or 0.8% at 27,216.52

On BSE, so far 5.85 lakh shares were traded in the counter as against average daily volume of 5.28 lakh shares in the past two weeks. The stock hit a high of Rs 191.50 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 182.80 in intraday trade so far. The stock had hit a record low of Rs 134.15 on 21 April 2016.

The mid-cap company has equity capital of Rs 335.74 crore. Face value per share is Rs 10.

The Reserve Bank of India (RBI) has issued licence dated 30 June 2016 to Equitas Small Finance Bank to carry on the Small Finance Bank (SFB) operations in India. Equitas Holdings had on 16 June 2016 announced that the Madras High Court had approved amalgamation of Equitas Micro Finance and Equitas Housing Finance with Equitas Finance from effective date ie the working day immediately preceding the date of commencement of business of SFB. On amalgamation coming into effect, Equitas Finance will be named as Equitas Small Finance Bank which will carry on the business of small finance bank, Equitas Holdings said. Post receipt of RBI license and prior to commencement of SFB business, there are a few other approvals to be obtained from various departments of RBI and other agencies. On receipt of these approvals, Equitas Small Finance Bank will commence its operations of small finance bank, the company said.

Equitas Holdings consolidated net profit rose 28.21% to Rs 46.77 crore on 48.68% rise in total income to Rs 320.17 crore in Q4 March 2016 over Q4 March 2015.

Equitas Holdings is a diversified financial service provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels. The company offers a range of financial products and services including microfinance, used commercial vehicle finance, MSE finance and housing finance. The focus customer segment includes low-income groups and economically weaker individuals operating small businesses, as well as MSEs with limited access to formal financing channels.

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Mahanagar Gas makes stellar debut on bourses
Jul 01,2016

Meanwhile, the S&P BSE Sensex was up 212.30 points or 0.79% to 27,206.66.

The stock was listed on the bourses at Rs 540, at a premium of 28.26% over the issue price of Rs 421. The stock hit a high of Rs 549.15 and a low of Rs 521.50 so far during the day. On BSE, 19.56 lakh shares were so far traded on the counter.

The initial public offer (IPO) of city gas distribution firm Mahanagar Gas had received bids for a total of 111.95 crore shares and its IPO was subscribed 64.55 times. The shares were allotted to the investors at Rs 421 per share, the top end of the Rs 380 to Rs 421 per share price band for the IPO. The IPO had opened for bidding on 21 June 2016 and closed on 23 June 2016.

The objects of the IPO were to achieve the benefits of listing the equity shares on the stock exchanges and to carry out the offer for sale. All proceeds from the offer has gone to the selling shareholders namely GAIL (India) and BGAPH. The company is promoted by GAIL (India) and BGAPH, each of who holds 45% of the companys equity shares.

Mahanagar Gas net profit rose 2.55% to Rs 308.68 crore on 0.65% decline in revenue to Rs 2121.62 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Promoted by GAIL (India) and BG Asia Pacific Holdings Pte, Mahanagar Gas is one of the largest City Gas Distributors (CGD) in India and is the sole authorized distributor of CNG (compressed natural gas) and PNG (piped natural gas) to market of Mumbai, its adjoining areas and the Raigad district of Maharashtra.

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