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Yes Bank declines after rise in sticky loans in Q1
Jul 27,2016

The result was announced during market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 1.11 points at 27,977.63.

On BSE, so far 3.91 lakh shares were traded in the counter as against average daily volume of 2.57 lakh shares in the past one quarter. The stock hit a low of Rs 1,176.25 so far during the day. The stock hit a high of Rs 1,214, which is also a record high for the stock. The stock had hit 52-week low of Rs 590 on 24 August 2015. The stock had outperformed the market over the past one month till 26 July 2016, rising 11.14% compared with 5.98% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 2.58% as against Sensexs 7.57% rise.

The large cap private sector bank has equity capital of Rs 421.16 crore. Face value per share is Rs 10.

On absolute basis, Yes Banks gross non-performing assets edged higher to Rs 844.56 crore as on 30 June 2016 from Rs 748.98 crore as on 31 March 2016 and Rs 368.30 crore as on 30 June 2015. Yes Banks ratio of gross NPA to gross advances edged higher to 0.79% as on 30 June 2016 from 0.76% as on 31 March 2016 and 0.46% as on 30 June 2015. The ratio of net NPA to net advances stood at 0.29% as on 30 June 2016 from 0.29% as on 31 March 2016 and 0.13% as on 30 June 2015. Provisions and contingencies jumped 110.93% to Rs 206.63 crore in Q1 June 2016 over Q1 June 2015.

Net interest income (NII) rose 24.2% to Rs 1316.60 crore in Q1 June 2016 over Q1 June 2015 on account of strong growth in advances and current account savings account (CASA) deposits. Net interest margin (NIM) stood at 3.4% for Q1 June 2016 up from 3.3% for Q1 June 2015. Non Interest Income rose 65.2% to Rs 900.50 crore in Q1 June 2016 over Q1 June 2015.

The total standard restructured advances as a proportion of gross advances was at 0.49% as at 30 June 2016, down from 0.71% as at 30 June 2015. The restructured loans have been performing in line with expectations and the bank does not anticipate any material slippages in this book.

Separately, Yes Bank announced before market hours today, 27 July 2016 that it received an in-principle approval from the Securities & Exchange Board of India (Sebi) to sponsor a mutual fund and to setup an Asset Management Company (AMC), and a Trustee Company. The AMC and the Trust Company shall be set up as wholly owned subsidiaries of Yes Bank. The Reserve Bank of India (RBI) already granted approval to Yes Bank for AMC in October 2015.

The bank has already identified senior leadership and technology architecture to establish the business, and will commence operations within 12 months. The AMC will channelize the savings of retail, corporate and institutional investors in equity and debt capital markets by leveraging the banks Knowledge Banking expertise. This will complement the banks retail liabilities strategy, and also allow the AMC to leverage the banks DIGICAL distribution network for customer acquisition, and provide customers a seamless experience for their investments & savings solutions. The bank will simplify and integrate n++manufacturing to distributionn++ of equity and debt investment products for all its customers. The AMC will further strengthen banks expertise in wealth management solutions, debt capital markets and gain from its significant and growing customer base & distribution network, and overall execution expertise, to build a large and profitable Fund Management franchise.

Yes Bank is a private sector bank with a pan India presence.

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Ingersoll-Rand (India) jumps after strong Q1 result
Jul 27,2016

The Q1 result was announced after market hours yesterday, 26 July 2016.

Meanwhile, the S&P BSE Sensex was down 15.66 points or 0.06% at 27,960.86

On BSE, so far 23,959 shares were traded in the counter as against average daily volume of 3,429 shares in the past one quarter. The stock hit a high of Rs 789 and a low of Rs 760 so far during the day. The stock had hit a 52-week low of Rs 583 on 17 February 2016. The stock had hit a 52-week high of Rs 1,049 on 6 August 2015. The stock had outperformed the market over the past one month till 26 July 2016, rising 13.68% compared with 5.98% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 7.51% as against Sensexs 7.57% rise.

The small-cap company has equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Ingersoll-Rand (India) delivers industrial products and solutions to markets such as automotive, process, pharmaceutical, food security, healthcare, mining, defence and other related industries.

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Yes Bank drops after announcing Q1 results
Jul 27,2016

The result was announced during market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 3.77 points or 0.01% at 27,980.29.

On BSE, so far 3.12 lakh shares were traded in the counter as against average daily volume of 2.57 lakh shares in the past one quarter. The stock hit a low of Rs 1,176.25 so far during the day. The stock hit a high of Rs 1,214, which is also a record high for the stock. The stock had hit 52-week low of Rs 590 on 24 August 2015. The stock had outperformed the market over the past one month till 26 July 2016, surging 11.14% compared with 5.98% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 2.58% as against Sensexs 7.57% rise.

The large cap private sector bank has equity capital of Rs 421.16 crore. Face value per share is Rs 10.

Yes Bank is a private sector bank with a pan India presence.

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Bharti Infratel advances after strong Q1 result
Jul 27,2016

Bharti Infratel said that the proforma results for Q1 June 2016 are based on audited results of the company and its associate joint venture, Indus Towers where it holds 42% equity as per Indian Accounting Standards. The result was announced after market hours yesterday, 26 July 2016.

Meanwhile, the S&P BSE Sensex was up 145.09 points or 0.52% at 28,121.61

On BSE, so far 96,060 shares were traded in the counter as against average daily volume of 1.82 lakh shares in the past one quarter. The stock hit a high of Rs 381.30 and a low of Rs 362.10 so far during the day. The stock had hit a 52-week high of Rs 500 on 5 August 2015. The stock had hit a 52-week low of Rs 302.10 on 24 June 2016. The stock had outperformed the market over the past one month till 26 July 2016, rising 11.59% compared with 5.98% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 0.38% as against Sensexs 7.57% rise.

The large-cap company has equity capital of Rs 1896.67 crore. Face value per share is Rs 10.

Bharti Infratels consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose 9% to Rs 1408 crore in Q1 June 2016 over Q1 June 2015.

Akhil Gupta, Chairman, Bharti Infratel said that Indian telecom industry is going through consolidation, and the company believes that this would be good for the industry in the long run as the sector would require large investments by the operators in future to cater to the ever increasing data demand. Bharti Infratel is also seeing some early signs of implementation of the Governments initiative on Smart City which the company believes would provide opportunities to infrastructure companies like itself. Bharti Infratel and Indus Towers being the leaders are fully geared to serve customers demand and to look at the new opportunities coming up on the infrastructure front, Akhil Gupta said.

Bharti Infratel is Indias leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. The companys consolidated portfolio of over 89,000 telecom towers, which includes over 38,500 of its own towers and the balance from its 42% equity interest in Indus Towers, makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles.

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UltraTech Cement gains after winning coal linkages through auction
Jul 27,2016

The announcement was made after market hours yesterday, 26 July 2016.

On BSE, so far 5,628 shares were traded in the counter as against average daily volume of 21,495 shares in the past one quarter. The stock hit high of Rs 3,690 and low of Rs 3,646.40 so far during the day. The stock had hit a record high of Rs 3,696.40 on 26 July 2016. The stock had hit a 52-week low of Rs 2,581.15 on 18 January 2016. The stock had outperformed the market over the past one month till 26 July 2016, rising 10.19% compared with 5.98% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 11.14% as against Sensexs 7.57% rise.

The large-cap company has equity capital of Rs 274.44 crore. Face value per share is Rs 10.

UltraTech Cement announced that the company secured 95,000 tons of coal at a premium of Rs 80 per ton over base price of Rs 970 per ton from Junadhi Mines in Chhattisgarh after participating in the auction of coal linkages for cement sector.

UltraTech Cement said that a formal communication vesting the coal linkages in the companys favour is expected in due course. The company intends to participate in the future linkage auctions for its plants located strategically near the coal mines.

UltraTech Cements consolidated net profit rose 29.2% to Rs 780.11 crore on 4.1% growth in net sales to Rs 6537.83 crore in Q1 June 2016 over Q1 June 2015.

UltraTech Cement is a leading cement manufacturer in India. It is a part of the Aditya Birla Group.

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Delta Corp gains after announcing plans to operate casino in Sikkim
Jul 27,2016

The announcement was made after market hours yesterday, 26 July 2016.

On BSE, so far 2.67 lakh shares were traded in the counter, compared with an average volume of 3.65 lakh shares in the past one quarter. The stock hit a high of Rs 95.80 and a low of Rs 93.60 so far during the day. The stock hit a 52-week high of Rs 100.80 on 5 July 2016. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock had outperformed the market over the past one month till 26 July 2016, surging 6.16% compared with 5.98% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 6.16% as against Sensexs 7.57% rise.

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

Delta Corp said that it has also obtained a provisional license from the Government of Sikkim to operate casino. The company is in the process of refurbishing and getting the premises casino ready, which should be completed in the next three months.

In pursuing its strategy of expanding its gaming imprint, Delta will now have a presence in Sikkim, operating a live gaming casino offering approximately 150 gaming positions, thereby catering to the Eastern region market. The company will thus, in addition to three offshore and one onshore casino in Goa, will strengthen its presence by adding this Casino in Sikkim, making it a dominant and formidable player in the Indian gaming and entertainment space, the company said in a statement.

On a consolidated basis, Delta Corps net profit surged 3532.1% to Rs 28.33 crore on 17.6% 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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Dr Reddys Labs extends post-result slide
Jul 27,2016

Meanwhile, the BSE Sensex was up 198.05 points, or 0.71%, to 28,174.57.

On BSE, so far 2.01 lakh shares were traded in the counter, compared with an average volume of 33,494 shares in the past one quarter. The stock hit a high of Rs 3,070 and a low of Rs 2,995 so far during the day. The stock hit a record high of Rs 4,382.95 on 20 October 2015. The stock hit a 52-week low of Rs 2,750 on 21 January 2016. The stock had underperformed the market over the past one month till 26 July 2016, rising 5.48% compared with 5.98% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 6.51% as against Sensexs 7.57% rise.

The large-cap company has an equity capital of Rs 85.35 crore. Face value per share is Rs 5.

Shares of Dr Reddys Laboratories (DRL) dropped 4.37% to settle at Rs 3,322.85 yesterday, 26 July 2016 after the companys consolidated net profit fell 77.2% to Rs 146.20 crore on 14.1% decline in total income to Rs 3289.50 crore in Q1 June 2016 over Q1 June 2015. The result was announced during market hours yesterday, 26 July 2016.

At the time of announcing Q1 June 2016 result, DRL said that its top and bottom lines were impacted by a decline in volume growth, particularly in the US market and the loss of business in Venezuela. The company also faced a number of challenges in Q1 June 2016 including price erosion and delayed launches as a result of the warning letter, which significantly impacted its earnings.

In a conference call held after market hours yesterday, 26 July 2016, DRLs executives reportedly indicated a tough Q2 September 2016, as price and volume erosion of some key products is expected to continue in the absence of any significant new generic approvals. Also there are concerns that competitive pressures in the US, may linger for the balance of the year, reports indicated. The company is losing a key contract supply account of McNeil Consumer Healthcare from its Shreveport facility, Louisiana, which is set to have an impact of $25 million on net profits of the company in coming quarters, reports said.

Dr Reddys Laboratories is an integrated global pharmaceutical company. Through its three businesses - Pharmaceutical Services & Active Ingredients, Global Generics and Proprietary Products - Dr Reddys offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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Glenmark Pharma gains after receiving USFDA approval for a drug
Jul 27,2016

The announcement was made before market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 189.28 points or 0.68% at 28,165.80.

On BSE, so far 6,446 shares were traded in the counter, compared with an average volume of 40,502 shares in the past one quarter. The stock hit a high of Rs 849.70 and a low of Rs 838.55 so far during the day. The stock hit a record high of Rs 1,261.95 on 21 August 2015. The stock hit a 52-week low of Rs 671.50 on 12 February 2016. The stock had outperformed the market over the past one month till 26 July 2016, rising 10.43% compared with 5.98% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 1.37% as against Sensexs 7.57% rise.

The large-cap company has an equity capital of Rs 28.22 crore. Face value per share is Re 1.

Glenmark Pharmaceuticals announced that Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Potassium Chloride Extended-Release Tablets USP, 10 mEq (750 mg) and 20 mEq (1500 mg), the generic version of K-Dur (Potassium Chloride) Extended-Release Tablets, 10 and 20 mEq of Merck Sharp and Dohme Corp. The generic version is no longer being marketed in the United States.

According to IMS health sales data for the 12 month period ending May 2016, the K-Dur (Potassium Chloride) Extended-Release Tablets, 10 and 20 mEq market achieved annual sales of around $283.20 million in the US.

On a consolidated basis, Glenmark Pharmaceuticals net profit jumped 1516.31% to Rs 171.49 crore on 24% rise in net sales to Rs 2174.02 crore in Q4 March 2016 over Q4 March 2015.

Glenmark Pharmaceuticals is a research-driven, global, integrated pharmaceutical organization headquartered at Mumbai, India. Glenmark has several molecules in various stages of clinical development and is primarily focused in the areas of Inflammation (asthma/COPD, rheumatoid arthritis etc.) and pain (neuropathic pain and inflammatory pain).

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Tata Steel gains after geting Quebec govts financial support for a project
Jul 27,2016

The announcement was made before market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 166.94 points or 0.6% at 28,143.46.

On BSE, so far 1.21 lakh shares were traded in the counter as against average daily volume of 9.13 lakh shares in the past one quarter. The stock hit a high of Rs 370.25 and a low of Rs 365.40 so far during the day. The stock had hit a 52-week high of Rs 379.25 on 18 July 2016. The stock had hit a 52-week low of Rs 200 on 29 September 2015. The stock had outperformed the market over the past one month till 26 July 2016, surging 17.65% compared with 5.98% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 2.58% as against Sensexs 7.57% rise.

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

Quebec government awarded financial contribution of C $175 million to Tata Steel Minerals Canada (TSMC) to support the achievement at Schefferville of a direct shipping iron ore project (DSO project) in which Tata Steel Group has invested an amount in excess of C $1 billion.

The financial contribution includes equity stake of $125 million through the Capital Mining Hydrocarbons Fund and a loan of $50 million from Investissement Qun++bec, acting as an agent of the Government.

TSMC, founded in 2010, is an indirect subsidiary of Tata Steel, with equity participation from New Millennium Iron Corp. (NML), a TSX listed company headquartered in Montreal, to develop the DSO deposits located in Quebec and Newfoundland and Labrador. TSMC forecasts annual production of over 6 million tonnes of iron ore.

Separately, Tata Steel announced after market hours yesterday, 26 July 2016 that its hot metal production rose 16.5% to 3.01 million tonnes in Q1 June 2016 over Q1 June 2015. Crude steel production rose 7.6% to 2.52 million tonnes in Q1 June 2016 over Q1 June 2015. Saleable Steel production rose 4.8% to 2.34 million tonnes in Q1 June 2016 over Q1 June 2015 and sales rose 0.1% to 2.15 million tonnes in Q1 June 2016 over Q1 June 2015.

Tata Steel reported consolidated net loss of Rs 3213.76 crore in Q4 March 2016, compared with net loss of Rs 5674.29 crore in Q4 March 2015. Net sales fell 12.5% to Rs 29164.37 crore in Q4 March 2016 over Q4 March 2015.

Tata Steel is Europes second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The combined Tata Steel group is one of the worlds largest steel producers, with a steel capacity of more than 28 million tonnes and 80,000 employees across five continents.

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Tata Steel gains after getting Quebec govts financial support for a project
Jul 27,2016

The announcement was made before market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 166.94 points or 0.6% at 28,143.46.

On BSE, so far 1.21 lakh shares were traded in the counter as against average daily volume of 9.13 lakh shares in the past one quarter. The stock hit a high of Rs 370.25 and a low of Rs 365.40 so far during the day. The stock had hit a 52-week high of Rs 379.25 on 18 July 2016. The stock had hit a 52-week low of Rs 200 on 29 September 2015. The stock had outperformed the market over the past one month till 26 July 2016, surging 17.65% compared with 5.98% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 2.58% as against Sensexs 7.57% rise.

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

Quebec government awarded financial contribution of C $175 million to Tata Steel Minerals Canada (TSMC) to support the achievement at Schefferville of a direct shipping iron ore project (DSO project) in which Tata Steel Group has invested an amount in excess of C $1 billion.

The financial contribution includes equity stake of $125 million through the Capital Mining Hydrocarbons Fund and a loan of $50 million from Investissement Qun++bec, acting as an agent of the Government.

TSMC, founded in 2010, is an indirect subsidiary of Tata Steel, with equity participation from New Millennium Iron Corp. (NML), a TSX listed company headquartered in Montreal, to develop the DSO deposits located in Quebec and Newfoundland and Labrador. TSMC forecasts annual production of over 6 million tonnes of iron ore.

Separately, Tata Steel announced after market hours yesterday, 26 July 2016 that its hot metal production rose 16.5% to 3.01 million tonnes in Q1 June 2016 over Q1 June 2015. Crude steel production rose 7.6% to 2.52 million tonnes in Q1 June 2016 over Q1 June 2015. Saleable Steel production rose 4.8% to 2.34 million tonnes in Q1 June 2016 over Q1 June 2015 and sales rose 0.1% to 2.15 million tonnes in Q1 June 2016 over Q1 June 2015.

Tata Steel reported consolidated net loss of Rs 3213.76 crore in Q4 March 2016, compared with net loss of Rs 5674.29 crore in Q4 March 2015. Net sales fell 12.5% to Rs 29164.37 crore in Q4 March 2016 over Q4 March 2015.

Tata Steel is Europes second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The combined Tata Steel group is one of the worlds largest steel producers, with a steel capacity of more than 28 million tonnes and 80,000 employees across five continents.

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Ambuja Cements strikes 52-week high after strong Q2 result
Jul 27,2016

The result was announced after market hours yesterday, 26 July 2016.

Meanwhile, the S&P BSE Sensex was up 136.71 points or 0.49% at 28,113.23

On BSE, so far 1.69 lakh shares were traded in the counter as against average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 278.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 274.20 so far during the day. The stock hit a 52-week low of Rs 185 on 29 February 2016.

The large-cap company has equity capital of Rs 310.38 crore. Face value per share is Rs 2.

Ambuja Cements operating earnings before interest, tax, depreciation and amortization (EBITDA) rose 56.5% to Rs 601 crore in Q2 June 2016 over Q2 June 2015. Cement sales volumes fell 2% to 5.76 million tonnes in Q2 June 2016 over Q2 June 2015.

Meanwhile, in its acquisition update, Ambuja Cements said that the scheme of amalgamation of Holcim India (HIPL) with the company was approved by the shareholders and High Courts of Gujarat and Delhi, in earlier years. Under the scheme, Ambuja Cement will acquire 24% equity shares of HIPL from Holderind Investments, Mauritius for a cash consideration of Rs 3500 crore, followed by a merger of HIPL with the company. On 29 May 2016, the Foreign Investment Promotion Board (FIPB) has recommended the transaction for approval of Cabinet Committee on Economic Affairs (CCEA). The CCEA on 20 July 2016 approved the acquisition of 24% shares of HIPL by the company for a cash consideration of Rs 3500 crore and subsequent reverse merger of HIPL through a share swap.

In its outlook, Ambuja Cements said that post monsoon construction activities are likely to pick up. The medium to long term outlook for cement demand remains positive considering above normal monsoon forecast this year and governments focus on housing, concrete roads, smart cities and infrastructure development, Ambuja Cements said. The company will continue to focus on improving operational efficiencies, it said.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports.

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Zee Entertainment hits 52-week high after good Q1 outcome
Jul 27,2016

The result was announced after market hours yesterday, 26 July 2016.

Meanwhile, the BSE Sensex was up 98.54 points, or 0.35%, to 28,075.06

On BSE, so far 59,403 shares were traded in the counter, compared with an average volume of 1.10 lakh shares in the past one quarter. The stock hit a high of Rs 493.65 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 485 so far during the day. The stock hit a 52-week low of Rs 347 on 24 August 2015.

The large-cap company has an equity capital of Rs 96.04 crore. Face value per share is Re 1.

Zee Entertainment Enterprises consolidated operating revenues rose 18.5% to Rs 1571.60 crore in Q1 June 2016 over Q1 June 2015. Advertising revenues rose 19.2% to Rs 912 crore in Q1 June 2016 over Q1 June 2015. During the quarter, domestic advertising revenues stood at Rs 841.50 crore while international advertising revenues stood at Rs 70.50 crore. Subscription revenues rose 14.2% to Rs 528.20 crore in Q1 June 2016 over Q1 June 2015. During the quarter, domestic subscription revenues stood at Rs 417.90 crore while international subscription revenues stood at Rs 110.30 crore.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 44.1% to Rs 453.20 crore in Q1 June 2016 over Q1 June 2015. EBITDA margin rose sharply to 28.83% in Q1 June 2016 from 23.71% in Q1 June 2015.

The company has adopted Indian Accounting Standards (Ind-AS) reporting methodology for reporting its financials commencing Q1 June 2016. Like-to-like financials for previous quarters (Q1 June 2015) have been restated accordingly.

Commenting on the results, Subhash Chandra, Chairman, Zee Entertainment Enterprises said that the advertising and subscription revenues continue to drive the companys growth.

Zee Entertainment Enterprises is one of Indias leading television media and entertainment companies.

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Dr Reddys Labs drops after reporting weak Q1 results
Jul 26,2016

The result was announced during market hours today, 26 July 2016.

Meanwhile, the BSE Sensex was down 139.41 points, or 0.5%, to 27,955.93.

On BSE, so far 1.32 lakh shares were traded in the counter, compared with an average volume of 31,000 shares in the past two weeks. The stock hit a high of Rs 3,516.95 and a low of Rs 3,305.15 so far during the day.

Dr Reddys Laboratories (DRL) consolidated net profit fell 76.28% to Rs 153.50 crore on 14.06% decline in total income to Rs 3289.50 crore in Q1 June 2016 over Q1 June 2015.

DRLs Co-chairman and CEO, GV Prasad said that the company has come through a difficult first quarter, with its top and bottom lines impacted by a decline in volume growth, particularly in the US market and the loss of business in Venezuela. DRL also faced a number of challenges in the quarter including price erosion and delayed launches as a result of the warning letter, which significantly impacted its earnings, Prasad said. However, the company continues to take actions that focus on remediation, strengthening its quality systems and executing on its strong product pipeline, Prasad said. DRL remains focused on generating long term, sustainable growth, he added.

Dr Reddys Laboratories is an integrated global pharmaceutical company. Through its three businesses - Pharmaceutical Services & Active Ingredients, Global Generics and Proprietary Products - Dr Reddys offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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ACC slips in volatile trade after declaring Q2 result
Jul 26,2016

The result was announced during market hours today, 26 July 2016.

Meanwhile, the S&P BSE Sensex was down 68.55 points or 0.24% at 28,026.79

On BSE, so far 79,078 shares were traded in the counter as against average daily volume of 22,075 shares in the past one quarter. The stock was volatile. The stock rose as much as 2% at the days high of Rs 1,711.75 so far during the day. The stock fell as much as 1.01% at the days low of Rs 1,661 so far during the day. The stock had hit a 52-week high of Rs 1,716.75 on 21 July 2016. The stock had hit a 52-week low of Rs 1,173.25 on 29 February 2016. The stock had outperformed the market over the past one month till 25 July 2016, rising 7.29% compared with Sensexs 6.43% rise. The scrip also outperformed the market in past one quarter, gaining 17.95% as against Sensexs 9.41% rise.

The large-cap company has equity capital of Rs 187.79 crore. Face value per share is Rs 10.

ACCs consolidated operating earnings before interest, tax, depreciation and amortization (EBITDA) rose 36.5% to Rs 457.56 crore in Q2 June 2016 over Q2 June 2015. Cement sales volumes fell 1.3% to 6.12 million tonnes in Q2 June 2016 over Q2 June 2015 mainly due to muted demand in some markets.

ACC said that commercial production of clinker from the new 9,000 tpd kiln at Jamul commenced from 19 July 2016. The cement grinding units linked to this project located at Jamul and Sindri are scheduled to be commissioned in Q3 September 2016.

In its outlook, ACC that the company will continue to maintain its focus on reducing costs. The company expects that stabilization of the Jamul Integrated Project will help in increasing the companys presence in the fast growing East markets, as well as the overall profitability, ACC said. Prospects of a good monsoon, coupled with the impetus from governments thrust on infrastructure development, housing and other mega projects are also factors that are expected to have a positive impact on the overall momentum of construction activity in the caning quarters, the company said.

ACC is a manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.

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Maruti Suzuki declines in volatile trade despite announcing decent Q1 results
Jul 26,2016

The result was announced during market hours today, 26 July 2016.

Meanwhile, the BSE Sensex was down 82.29 points, or 0.29%, to 28,013.05.

More than usual volumes were traded on the counter. On BSE, so far 1.3 lakh shares were traded in the counter, compared with an average volume of 77,137 shares in the past one quarter. The stock was volatile. At the days high of Rs 4,584.95, the stock rose 0.75%. At the days low of Rs 4,488 hit so far during the day, the stock declined 1.37%. The stock hit a record high of Rs 4,789 on 23 November 2015. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past one month till 25 July 2016, rising 11.83% compared with 6.43% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.86% as against Sensexs 9.41% 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 higher profit in Q1 June 2016 was helped by a higher turnover, material cost reduction, higher non-operating income and lower depreciation. Adverse foreign exchange movement reduced profits to some extent.

The company said that the unfortunate incident of fire at a key vendor of the company resulted in lower sales in June 2016. The company hopes to recover the lost sales during the course of the year.

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 30 June 2016).

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