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Bhel gains after commissioning a thermal power unit in Bihar
Jun 14,2016

Meanwhile, the S&P BSE Sensex was off 86.72 points or 0.33% at 26,310.05.

On BSE, so far 3.5 lakh shares were traded in the counter as against average daily volume of 9.88 lakh shares in the past one quarter. The stock hit a high of Rs 122 and a low of Rs 120 so far during the day. The stock had hit 52-week high of Rs 289.85 on 21 July 2015. The stock had hit 52-week low of Rs 90.40 on 29 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, sliding 1.92% compared with the Sensexs 3.56% rise. The scrip had outperformed the market in past one quarter, surging 16.11% as against the Sensexs 6.79% rise.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bharat Heavy Electricals (Bhel) has commissioned the remaining 195 megawatts (MW) of the two-stage 390 MW Muzaffarpur thermal power station of Kanti Bijlee Utpadan Nigam (KBUNL), a joint venture of NTPC and BSPGCL. Bhel is the leading supplier of coal-based main plant equipment to NTPC and its joint ventures, with an over 80% share in their installed capacity.

Bhels net profit fell 59.5% to Rs 359.58 crore on 20.8% fall in net sales to Rs 9792.04 crore in Q4 March 2016 over Q4 March 2015.

State-run Bharat Heavy Electricals (Bhel) is an integrated power plant equipment manufacturer. It is one of the largest engineering and manufacturing companies in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, viz. power, transmission, industry, railways, renewable energy, oil & gas, water and defence. The Government of India currently holds 63.06% stake in Bhel (as per the shareholding pattern as on 31 March 2016)

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Ajanta Pharma gains after launching anti-dementia drug in US
Jun 14,2016

The announcement was made during trading hours today, 14 June 2016.

Meanwhile, the BSE Sensex was down 52.89 points, or 0.20%, to 26,343.88.

On BSE, so far 13,000 shares were traded in the counter, compared with an average volume of 8.74 lakh shares in the past one quarter. Trading in the counter was volatile. The stock rose 2.03% at the days high of Rs 1,593. The stock fell 0.08% at the days low of Rs 1,560. The stock hit a 52-week high of Rs 1,720 on 12 August 2015. The stock hit a 52-week low of Rs 1,103 on 18 January 2016. The stock had underperformed the market over the past one month till 13 June 2016, 1.58% compared with 3.56% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, 11.17% as against Sensexs 7.52% rise.

The large-cap company has an equity capital of Rs 17.60 crore. Face value per share is Rs 2.

Ajanta Pharma said it launched Memantine Hydrochloride tablets in the US market through its wholly-owned subsidiary Ajanta Pharma USA Inc. Memantine Hydrochloride is an anti-dementia drug and is a bioequivalent generic version of Namenda. The company has launched it in 2 strengths 5 milligram (mg) and 10 mg tablets to address different levels of treatment.

Memantine Hydrochloride Tablets is part of a growing portfolio of products that Ajanta has developed for the US market. To date, the United States Food & Drug Administration (USFDA) has granted Ajanta Pharma 10 final approvals and 2 tentative approvals for its Abbreviated New Drug Application (ANDA). Additional 14 ANDAs are pending approval from the FDA.

On a consolidated basis, net profit of Ajanta Pharma rose 43.39% to Rs 106.31 crore on 15.29% rise in net sales to Rs 419.20 crore in Q4 March 2016 over Q4 March 2015.

Ajanta Pharma is a specialty pharmaceutical formulation company with global headquarters in Mumbai.

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Man Industries gains after commissioning augmented facility at Gujarat plant
Jun 14,2016

Meanwhile, the S&P BSE Sensex was off 31.62 points or 0.12% at 26,365.15.

On BSE, so far 45,763 shares were traded in the counter as against average daily volume of 56,914 shares in the past one quarter. The stock hit a high of Rs 61.85 and a low of Rs 60.25 so far during the day. The stock had hit 52-week high of Rs 128.40 on 20 August 2015. The stock had hit 52-week low of Rs 48 on 29 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, sliding 5.63% compared with the Sensexs 3.56% rise. The scrip had also underperformed the market in past one quarter, sliding 2.94% as against the Sensexs 6.79% rise.

The small-cap company has equity capital of Rs 28.55 crore. Face value per share is Rs 5.

Man Industries (India) said that the augmented facility at its Gujarat plant will open new market for the companys high margin line pipes across the globe. The company further said that it has created a distinct edge over other industry peers by joining the elite league of a few line pipe players in niche sector across the globe, having capability to manufacture high grade steel line pipes in low diameter with high wall thickness with diameters up to 56 and thicknesses up to 55.0 mm.

On the financial front, the net profit of Man Industries (India) fell 41.5% to Rs 26.20 crore on 46.4% fall in net sales to Rs 340.05 crore in Q4 March 2016 over Q4 March 2015.

Man Industries (India) is one of the leading manufacturers and exporters of large diameter carbon steel line pipes for various high pressure transmission applications for gas, crude oil, petrochemical products and potable water.

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Volumes jump at VST Industries counter
Jun 14,2016

VST Industries clocked volume of 1.04 lakh shares by 12:44 IST on BSE, a 14.21-times surge over two-week average daily volume of 7,000 shares. The stock rose 1.75% to Rs 1,689.

Reliance Infrastructure notched up volume of 28.86 lakh shares, a 7.89-fold surge over two-week average daily volume of 3.66 lakh shares. The stock rose 1.52% to Rs 544.30.

Castrol India saw volume of 4.26 lakh shares, a 4.61-fold surge over two-week average daily volume of 93,000 shares. The stock fell 1.53% to Rs 376.35.

Indraprastha Gas clocked volume of 1.73 lakh shares, a 4.34-fold surge over two-week average daily volume of 40,000 shares. The stock rose 4.96% to Rs 610.15.

Upper Ganges Sugar & Industries saw volume of 5.05 lakh shares, a 3.82-fold rise over two-week average daily volume of 1.32 lakh shares. The stock rose 17.40% to Rs 366.70.

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DLF gains on reports of rental arm attracting good interest from global investors
Jun 14,2016

Meanwhile, the S&P BSE Sensex was down 17.83 points or 0.07% at 26,378.94.

On BSE, so far 3.7 lakh shares were traded in the counter as against average daily volume of 11.80 lakh shares in the past one quarter. The stock hit a high of Rs 134 and a low of Rs 132.05 so far during the day. The stock had hit 52-week high of Rs 142.90 on 9 October 2015. The stock had hit 52-week low of Rs 72.50 on 12 February 2016. The stock had outperformed the market over the past one month till 13 June 2016, surging 7.14% compared with the Sensexs 3.56% rise. The scrip had also outperformed the market in past one quarter, jumping 22.65% as against the Sensexs 6.79% rise.

The large-cap company has equity capital of Rs 356.75 crore. Face value per share is Rs 2.

According to media reports, Blackstone Group, GIC of Singapore and Brookfield Asset Management have made non-binding offers estimated at between $1-1.3 billion for acquiring 40% stake in DLF Cyber City Developers (DCCDL), which owns the leased commercial assets including office and retail space portfolio in the National Capital Region and in Kolkata. The deadline for filing the initial bids for acquiring a significant minority stake in DCCDL ended last weekend. Reports also suggested that a consortium of Qatar and Abu Dhabi sovereign funds, along with Kotak Realty Fund, has also put in a bid. The deal-making is a precursor to DLFs plans to list the rent-yielding assets through a real estate investment trust (REIT) after roping in a marquee global investor.

DLFs consolidated net profit fell 22.9% to Rs 132.39 crore on 19.5% growth in net sales to Rs 2335.56 crore in Q4 March 2016 over Q4 March 2015.

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

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Suven Life Sciences gains after bagging 2 product patents
Jun 14,2016

The announcement was made during trading hours today, 14 June 2016.

Meanwhile, the BSE Sensex was down 6.69 points, or 0.03%, to 26,390.08.

On BSE, so far 67,000 shares were traded in the counter, compared with an average volume of 38.71 lakh shares in the past one quarter. The stock hit a high of Rs 214 and a low of Rs 207.20 so far during the day. The stock hit a 52-week high of Rs 308.70 on 5 October 2015. The stock hit a 52-week low of Rs 144.35 on 19 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, rising 0.41% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.88% as against Sensexs 7.52% rise.

The small-cap company has an equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences (Suven) announced that it secured grant of one product patent from Canada (2878217) and one product patent from Hong Kong (HK1176619). These patents correspond to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases. The patents are valid through 2032 and 2030 respectively.

The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Parkinson and Schizophrenia, the company said.

With these new patents, Suven has a total of 23 granted patents from Canada and 20 granted patents from Hong Kong. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II, it added

Suven Life Sciences net profit rose 90.5% to Rs 32.29 crore on 53% rise in net sales to Rs 169.28 crore in Q4 March 2016 over Q4 March 2015.

Suven Life Sciences is a clinical stage biopharmaceutical company developing novel medicines to treat life-threatening Central Nervous System (CNS) disorders.

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Balaji Telefilms jumps after Udta Punjab gets Bombay High Court nod
Jun 14,2016

Meanwhile, the BSE Sensex was up 4.69 points, or 0.02%, to 26,401.46.

On BSE, so far 96,000 shares were traded in the counter, compared with an average volume of 30.20 lakh shares in the past one quarter. The stock hit a high of Rs 119.50 and a low of Rs 113 so far during the day. The stock hit a 52-week high of Rs 150.40 on 23 November 2015. The stock hit a 52-week low of Rs 65.25 on 16 June 2015. The stock had underperformed the market over the past one month till 13 June 2016, falling 4.63% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 4.25% as against Sensexs 7.52% rise.

The small-cap company has an equity capital of Rs 15.19 crore. Face value per share is Rs 2.

According to reports, the Bombay High Court has cleared release of the Hindi movie, Udta Punjab, with just one cut. The movie, slated for release on 17 June 2016, will be screened with an A certificate.

The film is produced by Shobha Kapoor and Ekta Kapoor under their banner Balaji Motion Pictures in association with Phantom Films. It features Shahid Kapoor, Kareena Kapoor, Alia Bhatt and Diljit Dosanjh in the lead roles.

A Division Bench comprising Justices SC Dharmadhikari and Shalini Phansalkar, reportedly directed the Central Board of Film Certification (CBFC) to certify the movie within 48 hours and asked the production house to modify the disclaimer. The movie is largely based on a cardinal issue, drugs, in the Punjab.

Phantom Films, co-owned by Anurag Kashyap, had moved to the Bombay High Court after the CBFC had ordered the deletion of a number of scenes because they contained violence and expletives.

Media reports suggested that the controversy could make the movie Shahid Kapoors highest grosser ever.

On a consolidated basis, Balaji Telefilms reported net loss of Rs 13.20 crore in Q4 March 2016 compared with net profit of Rs 9.59 crore in Q4 March 2015. Net sales rose 6.8% to Rs 82.16 crore in Q4 March 2016 over Q4 March 2015.

Balaji Telefilms produces Indian soap operas, reality TV, comedy, game shows, entertainment and factual programming in several Indian languages.

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PSU bank stocks rise as RBI announces scheme for sustainable structuring of stressed assets
Jun 14,2016

Punjab National Bank was up 4.2% at Rs 86.45. State Bank of India was up 1.7% at Rs 205.80. IDBI Bank was up 2.1% at Rs 68.05. Union Bank of India was up 2.7% at Rs 121.85. Bank of Baroda was up 1.6% at Rs 148.30. Bank of India was up 2.4% at Rs 89.60. Oriental Bank of Commerce was up 3.5% at Rs 92.30. UCO Bank was up 2.6% at Rs 37.10.

Stocks of major private sector banks were mostly in the red. Axis Bank was off 0.7% at Rs 527.65. HDFC Bank was off 0.6% at Rs 1,145.50. IndusInd Bank was off 0.4% at Rs 1,103.40. Kotak Mahindra Bank was off 0.4% at Rs 752.75. ICICI Bank was up 0.8% at Rs 246.05. Yes Bank was up 0.16% at Rs 1,066.15.

The BSEs banking sector index BSE Bankex was up 25.05 points or 0.12% at 20,187.87, outperforming the S&P BSE Sensex. The Sensex was currently off 30.03 points or 0.11% at 26,366.74.

The scheme for sustainable structuring of stressed assets or S4A is an optional framework for lenders for the resolution of large stressed accounts. The S4A envisages determination of the sustainable debt level for a stressed borrower and bifurcation of the outstanding debt into sustainable debt and equity/quasi-equity instruments which are expected to provide upside to the lenders when the borrower turns around. The S4A is aimed at providing an avenue for reworking the financial structure of entities facing genuine difficulties, according to a Reserve Bank of India (RBI) statement.

The S4A can be implemented only where a project has already commenced commercial operations. Another condition set by the Reserve Bank of India (RBI) for implementation of S4A is that the aggregate exposure (including accrued interest) of all institutional lenders in the account is more than Rs 500 crore (including rupee loans, foreign currency loans/external commercial borrowings. The debt under stress also should be sustainable debt.

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IVRCL jumps after allotting shares to Bank of Nova Scotia
Jun 14,2016

The announcement was made after market hours yesterday, 14 June 2016.

Meanwhile, the BSE Sensex was down 25.71 points, or 0.10%, to 26,371.06.

On BSE, so far 6.88 lakh shares were traded in the counter, compared with an average volume of 2.38 crore shares in the past one quarter. The stock hit a high of Rs 5.27 and a low of Rs 4.95 so far during the day. The stock hit a 52-week high of Rs 12.85 on 7 August 2015. The stock hit a 52-week low of Rs 3.75 on 26 May 2016. The stock had outperformed the market over the past one month till 13 June 2016, rising 6.62% compared with 3.56% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 32.73% as against Sensexs 7.52% rise.

The small-cap company has an equity capital of Rs 156.45 crore. Face value per share is Rs 2.

IVRCL said that the allotment is pursuant to provisions of Companies Act, 2013 and SEBI (Issue of Capital Disclosure Requirement) Regulations, 2009 and implementation of Strategic Debt Restructuring (SDR).

IVRCL reported net loss of Rs 263.95 crore in Q4 March 2016 as against net loss of Rs 155.08 crore in Q4 March 2015. Net sales declined 36.52% to Rs 652.26 crore in Q4 March 2016 over Q4 March 2015.

IVRCL is a leading engineering, procurement and construction (EPC) and infrastructure company. Its core areas of work include value chain across sectors such as water & environment, irrigation, transportation and power distribution & transmission.

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Delta Corp gains after subsidiary bags license to operate vessel in Goa
Jun 14,2016

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was down 25.24 points, or 0.10%, to 26,371.53.

On BSE, so far 2.31 lakh shares were traded in the counter, compared with an average volume of 2.49 crore shares in the past one quarter. The stock hit a high of Rs 85.70 and a low of Rs 83.60 so far during the day. The stock hit a 52-week high of Rs 93.90 on 2 December 2015. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, rising 0.18% compared with 3.56% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 31.52% as against Sensexs 7.52% rise.

The small-cap company has an equity capital of Rs 23.07 crore. Face value per share is Re 1.

Delta Corp said that its wholly-owned subsidiary, Delta Pleasure Cruise Company, has been granted license by the Government of Goa to operate a vessel n++M V Royale Flotel - Deltin Caravelan++ in the Mandovi River in Goa.

On a consolidated basis, Delta Corps net profit surged 3533.33% to Rs 28.32 crore on 17.55% rise in net sales to Rs 102.68 crore in Q4 March 2016 over Q4 March 2015.

Delta Corp is one of the largest gaming and hospitality company in India.

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KPIT Technologies drops on legal dispute with erstwhile client
Jun 14,2016

Meanwhile, the S&P BSE Sensex was down 17.91 points or 0.07% at 26,378.86.

On BSE, so far 1.9 lakh shares were traded in the counter as against average daily volume of 95,816 shares in the past one quarter. The stock hit a high of Rs 182.90 and a low of Rs 174.20 so far during the day. The stock had hit 52-week high of Rs 190.70 on 13 June 2016. The stock had hit 52-week low of Rs 85.05 on 25 June 2015. The stock had outperformed the market over the past one month till 13 June 2016, surging 15.28% compared with the Sensexs 3.56% rise. The scrip had also outperformed the market in past one quarter, jumping 33.29% as against the Sensexs 6.79% rise.

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

Giving details about the background of the dispute between Sparta Consulting Inc (Sparta), a 100% subsidiary of KPIT Technologies, and Copart Inc, an erstwhile client of Sparta, KPIT said that Sparta was hired by Copart to design a replacement for its legacy Enterprise Resource Planning system. Thereafter, Copart hired Sparta to build the new system between 2011 and 2013. The contract was terminated by Copart without cause. Under the relevant contractual provision, Copart invited Sparta to provide the amount it was owed for the services performed and completed as of the termination date. Sparta responded to Coparts request with a detailed analysis of the amount it believed it was owed and it requested a response from Copart. Following a dispute between the parties on the amount of fees payable to Sparta, Copart filed a suit against Sparta alleging that it is entitled to seek damages amounting to not less than $50 million for, among other things, breach of contract, fraudulent inducement and negligent misrepresentation. Copart also prayed for other relief such as indirect damages, punitive damages, attorneys fees, etc for an unquantified amount. Later, Sparta filed a suit against Copart seeking damages for, among other things, breach of contract, promissory estoppel and unjust enrichment. Sparta also prayed for other relief such as restitution and legal costs.

Recently, Copart amended its suit to seek fresh claims for damages for, among other things, misappropriation of its trade secrets and has added parent KPIT Technologies and its subsidiary, KPIT infosystems Inc, as parties to the dispute.

KPIT said in a statement that it has made adequate provision in its books of accounts against the amount receivable from Copart. The company further said that it intends to vigorously defend against Coparts alleged claims and pursue any available claims against Copart. The matters are pending before a California court.

KPIT Technologies consolidated net profit jumped 20.42% to Rs 88.50 crore on 3.4% growth in net sales to Rs 840.72 crore in Q4 March 2016 over Q3 December 2015.

KPIT Technologies is focused on providing outsourcing services using product engineering and IT for automotive and transportation, manufacturing and energy and utilities verticals.

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Havells India gains on plan to hike stake in Bangalore-based Promptec
Jun 14,2016

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was down 4.99 points, or 0.02%, to 26,391.78.

On BSE, so far 34,000 shares were traded in the counter, compared with an average volume of 95.18 lakh shares in the past one quarter. The stock hit a high of Rs 365.05 and a low of Rs 360 so far during the day. The stock hit a record high of Rs 378 on 26 May 2016. The stock hit a 52-week low of Rs 235.60 on 9 November 2015. The stock had underperformed the market over the past one month till 13 June 2016, falling 0.40% compared with 3.56% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 22.22% as against Sensexs 7.52% rise.

The large-cap company has an equity capital of Rs 62.46 crore. Face value per share is Re 1.

Havells India currently holds 51% stake in the Bangalore-based entity. Promptec Renewable Energy is engaged in marketing and manufacturing of LED products including street lighting, office lighting and solar lighting.

Net profit of Havells India rose 200.77% to Rs 366.49 crore on 9.23% rise in net sales to Rs 1463.36 crore in Q4 March 2016 over Q4 March 2015.

Havells India is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.

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Rajesh Exports gains after board approves acquisition
Jun 14,2016

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was down 19.97 points, or 0.08%, to 26,376.80.

On BSE, so far 23,000 shares were traded in the counter, compared with an average volume of 56.90 lakh shares in the past one quarter. The stock hit a high of Rs 495.90 and a low of Rs 484 so far during the day. The stock hit a record high of Rs 745.50 on 18 February 2016. The stock hit a 52-week low of Rs 235.05 on 16 June 2015. The stock had underperformed the market over the past one month till 13 June 2016, falling 16.67% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 26.25% as against Sensexs 7.52% rise.

The large-cap company has an equity capital of Rs 29.53 crore. Face value per share is Re 1.

The board of directors of Rajesh Exports in the meeting held yesterday, 13 June 2016, approved to make acquisition(s) in the Middle East. The proposal was approved to strengthen the backward integration of the company and to strengthen the domestic and global presence of the company in gold business.

The board of directors has further authorized Rajesh Mehta, the chairman of the company, to take all the necessary steps to complete the acquisition.

On a consolidated basis, net profit of Rajesh Exports rose 22.16% to Rs 251.12 crore on 191.81% rise in net sales to Rs 55928.33 crore in Q4 March 2016 over Q4 March 2015.

Rajesh Exports is largest processor of gold in the world. It processes 35% of gold produced in the world. It has a presence across the value chain of gold from mining till its own retail brand. It is also the largest refiner of gold in the world.

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Deepak Fertilisers jumps as Govt to release outstanding subsidy
Jun 14,2016

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was up 25.74 points, or 0.10%, to 26,422.51.

On BSE, so far 42,000 shares were traded in the counter, compared with an average volume of 13.03 lakh shares in the past one quarter. The stock hit a high of Rs 166.85 and a low of Rs 163 so far during the day. The stock hit a 52-week high of Rs 173.25 on 13 May 2016. The stock hit a 52-week low of Rs 113.95 on 15 June 2015. The stock had underperformed the market over the past one month till 13 June 2016, falling 8.54% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.39% as against Sensexs 7.52% rise.

The small-cap company has an equity capital of Rs 88.20 crore. Face value per share is Rs 10.

In a regulatory filing, Deepak Fertilisers informed that that the ministry has been withholding subsidy claims due to the company in accordance with applicable Nutrient Based Subsidy (NBS) Scheme of the Government of India since June 2014 amounting to Rs 795 crore as on 31 March 2016. The company had since challenged the said withholding before the Bombay High Court and the department has now informed commencing the release of all subsidy arrears except an amount of Rs 310.52 crore in the interim. This part withholding is already under courts purview for final award.

Net profit of Deepak Fertilisers & Petrochemicals Corporation declined 4.81% to Rs 25.92 crore on 17.05% rise in net sales to Rs 1080.68 crore in Q4 March 2016 over Q4 March 2015.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among Indias leading producers of industrial chemicals and fertilisers.

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NIIT Technologies hogs limelight
Jun 13,2016

Meanwhile, the S&P BSE Sensex was off 238.79 points or 0.9% at 26,396.96.

On BSE, so far 34,768 shares were traded in the counter as against average daily volume of 20,772 shares in the past one quarter. The stock hit a high of Rs 558 and a low of Rs 523.50 so far during the day. The stock had hit a record high of Rs 632 on 18 November 2015. The stock had hit 52-week low of Rs 372 on 16 June 2015. The stock had outperformed the market over the past one month till 10 June 2016, surging 12.82% compared with the Sensexs 3.35% rise. The scrip had also outperformed the market in past one quarter, gaining 14.29% as against the Sensexs 8.17% rise.

The mid-cap company has equity capital of Rs 61.21 crore. Face value per share is Rs 10.

The Infrastructure Management Services (IMS) segment contributed 17% to the companys total revenue in the year ended 31 March 2016 (FY 2016). NIIT Technologies also said in its investor meet presentation that the total order intake of the company was more than $120 million each in Q3 December 2015 and Q4 March 2016. At the time of announcement of its Q4 March 2016 results in early last month, NIIT Technologies had announced that it had order backlog of $301 million executable over the next 12 months.

NIIT Technologies consolidated net profit rose 6.53% to Rs 79.05 crore on 0.13% fall in net sales to Rs 677.76 crore in Q4 March 2016 over Q3 December 2015.

NIIT Technologies provides IT outsourcing services to clients in travel and transportation, banking and financial services, insurance, manufacturing and media verticals.

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