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Volumes jump at Triveni Turbine counter
Sep 02,2016

Triveni Turbine clocked volume of 77.28 lakh shares by 13:38 IST on BSE, a 474.59-times surge over two-week average daily volume of 16,000 shares. The stock shed 0.04% to Rs 128.85.

Cholamandalam Investment and Finance Company notched volume of 24.24 lakh shares, a 52.99-fold surge over two-week average daily volume of 46,000 shares. The stock lost 6.33% to Rs 1,094.40.

Brooks Laboratories saw volume of 5.53 lakh shares, a 29.05-fold surge over two-week average daily volume of 19,000 shares. The stock jumped 18.24% to Rs 119.25.

PVR clocked volume of 89,000 shares, a 12.97-fold surge over two-week average daily volume of 6,831 shares. The stock surged 8.45% to Rs 1,283.15. According to reports, Asias largest film group and theatre operator Wanda Cinema, owned by Chinas richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR, to buy a controlling stake in PVR which is Indias largest multiplex operator. Dalian Wanda Group has reportedly started diligence on PVRs books as a prelude to make a formal offer to acquire the Indian company. As on 30 June 2016, promoters held 25.26% stake in PVR.

Shipping Corporation of India saw volume of 13.45 lakh shares, a 10.28-fold rise over two-week average daily volume of 1.31 lakh shares. The stock gained 8.95% to Rs 71.80. As per reports, Shipping Corporation of India (SCI) is planning to revive a 40-year-old joint venture with an Iranian company to beat slowdown in the shipping industry. SCI holds 49% of the Iranian joint venture firm, Irano Hind Shipping, while Islamic Republic of Iran Shipping Lines controls the rest. SCI and Islamic Republic of Iran Shipping Lines had in 2012 reportedly decided to dissolve the Tehran-based joint venture, after years of sanctions against Iran over its disputed nuclear program crimped trade flows. Those restrictions began easing in January 2016.

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SCI spurts on reports of likely revival of Iranian JV
Sep 02,2016

Meanwhile, the BSE Sensex was up 39.71 points, or 0.14%, to 28,463.19.

On BSE, so far 13.38 lakh shares were traded in the counter, compared with average daily volume of 1.27 lakh shares in the past one quarter. The stock hit a high of Rs 74.40 and a low of Rs 67.65 so far during the day. The stock hit a 52-week high of Rs 100.90 on 21 December 2015. The stock hit a 52-week low of Rs 54.50 on 29 February 2016. The stock had underperformed the market over the past 30 days till 1 September 2016, falling 5.99% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 2.87% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 465.80 crore. Face value per share is Rs 10.

Shipping Corporation of India (SCI) holds 49% stake of the Iranian joint venture firm, Irano Hind Shipping, while Islamic Republic of Iran Shipping Lines controls the rest. SCI and Islamic Republic of Iran Shipping Lines had in 2012 reportedly decided to dissolve the Tehran-based joint venture, after years of sanctions against Iran over its disputed nuclear program crimped trade flows. Those restrictions began easing in January 2016.

SCIs Chairman B. B. Sinha was quoted as saying that the recent easing of sanctions on Iran opened the way to resuscitating Irano Hind Shipping Company, which potentially offers access to Central Asian markets such as Kazakhstan. The other partner, Islamic Republic of Iran Shipping Lines, has got great presence in the Caspian Sea, he added.

Shipping Corporation of Indias net profit dropped 72.6% to Rs 55.91 crore on 23.2% decline in net sales to Rs 825.29 crore in Q1 June 2016 over Q1 June 2015.

Shipping Corporation of India (SCI) owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades. Government of India currently holds 63.75% stake in SCI (as on 30 June 2016).

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Coal India drops after announcing production and offtake data for August
Sep 02,2016

The company announced the monthly coal production and offtake performance after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 52.31 points or 0.18% at 28,475.79

On BSE, so far 2.92 lakh shares were traded in the counter as against average daily volume of 4.02 lakh shares in the past one quarter. The stock hit a high of Rs 341 and a low of Rs 331.60 so far during the day. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had hit a 52-week high of Rs 359.30 on 2 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 3.63% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 9.42% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India and its subsidiaries on a provisional basis achieved 79% of targeted coal production at 32.43 million tonnes in August 2016. Coal India and its subsidiaries on a provisional basis achieved 83% of targeted offtake at 36.72 million tonnes in August 2016.

Coal India will declare its Q1 result on 9 September 2016. The companys consolidated net profit rose 0.22% to Rs 4247.92 crore on 0.71% decline in total income to Rs 22904.36 crore in Q4 March 2016 over Q4 March 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 June 2016).

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Tata Motors gains after reporting monthly sales volume data
Sep 02,2016

The announcement was made after market hours yesterday, 1 September 2016.

Meanwhile, the BSE Sensex was up 31.45 points, or 0.11%, to 28,454.93.

On BSE, so far 3.86 lakh shares were traded in the counter, compared with average daily volume of 9.16 lakh shares in the past one quarter. The stock hit a high of Rs 555.50 and a low of Rs 549.70 so far during the day. The stock hit a 52-week high of Rs 548.15 on 31 August 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 13.46% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.77% as against Sensexs 5.89% rise.

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

Tata Motorss domestic sales of Tata commercial and passenger vehicles rose 3% to 36,466 units in August 2016 over August 2015. Tata Motors passenger vehicles sales in the domestic market rose 16% to 13,002 units in August 2016 over August 2015. Sales of passenger cars rose 17% at 11,435 units in August 2016 over August 2015, due to strong demand for the recently launched Tiago.

The overall commercial vehicles sales in the domestic market fell 3% to 23,464 units in August 2016 over August 2015. Sales of Tata Motors light commercial vehicles in the domestic market rose 10% at 13,495 units in August 2016 over August 2015. Medium and heavy commercial vehicles (M&HCV) sales fell 17% to 9,969 units in August 2016 over August 2015. The segment saw subdued demand, with the slowdown of recent months continuing, as a result of postponement of replacement and fleet expansion. The companys sales from exports rose 27% to 6,595 units in August 2016 over August 2015.

Tata Motors consolidated net profit declined 56.98% to Rs 2260.40 crore on 8.64% rise in total income to Rs 66559.08 crore in Q1 June 2016 over Q1 June 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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TVS Motor gains after announcing good sales growth in August
Sep 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 75.07 points, or 0.26%, to 28,498.55

On BSE, so far 1.59 lakh shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 339.90 and a low of Rs 331.65 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 215.15 on 8 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.1% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 10.23% as against Sensexs 5.89% 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 23.5% to 2.67 lakh units in August 2016 over August 2015. Domestic two-wheeler sales rose 30.1% to 2.38 lakh units in August 2016 over August 2015. Scooter sales rose 5.1% to 76,572 units in August 2016 over August 2015. Motorcycle sales rose 31.2% to 1.14 lakh units in August 2016 over August 2015. Three-wheeler sales fell 38.99% to 6,633 units in August 2016 over August 2015. Total exports fell 19.9% to 34,097 units in August 2016 over August 2015. Exports of two-wheelers fell 13.41% to 28,686 units in August 2016 over August 2015.

TVS Motor Companys net profit rose 21.15% to Rs 121.25 crore on 12.15% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.

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

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RIL slides after announcing launch of digital services
Sep 02,2016

Meanwhile, the BSE Sensex was up 75.40 points, or 0.27%, to 28,498.88.

On BSE, so far 2.72 lakh shares were traded in the counter, compared with average daily volume of 2.91 lakh shares in the past one quarter. The stock hit a high of Rs 1,035 and a low of Rs 1,007.35 so far during the day. The stock hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock hit a 52-week low of Rs 825.25 on 4 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 3.53% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.43% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 3243.11 crore. Face value per share is Rs 10.

Shares of Reliance Industries fell 2.73% to settle at Rs 1,029.15 yesterday, 1 September 2016, after Chairman Mukesh Ambani at the companys Annual General Meeting yesterday, 1 September 2016, announced the launch of digital services by Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL). RJIL will launch of its digital services with Jio Welcome Offer which will be effective from 5 September 2016. As part of the Jio Welcome Offer, users will have access to unlimited 4G LTE data and national voice, video and messaging services along with the full bouquet of Jio applications and content, free of cost up to 31 December 2016. Domestic voice calls to any network across the country would be free for Jio subscribers even beyond the Jio Welcome Offer. Domestic roaming services would also not be charged separately. Average data prices would be around Rs 50 per gigabyte (GB), which would be amongst the lowest in the world.

In addition to fixed and wireless broadband connectivity offering superior voice and data services on an all-IP network, Jio will also offer end-to-end solutions that address the entire value chain across various digital services in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment.

Media reports suggested that the plans offered by Reliance Jio are highly competitive in nature, but at the same time they would not become meaningful revenue creator. Hence, it would be a drag on profitability, reports said. Reports added that investors will closely monitor the roll out and effectiveness of Reliance Jio, in conjunction with plans by competitors to tackle new scenario.

In 2015, RJIL successfully acquired the right to use 4G spectrum in 13 key circles across India.

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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SML Isuzu advances after declaring robust vehicle sales in August
Sep 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 60.09 points or 0.21% at 28,483.57

On BSE, so far 8,866 shares were traded in the counter as against average daily volume of 21,346 shares in the past one quarter. The stock hit a high of Rs 1,397.70 and a low of Rs 1,355.95 so far during the day. The stock had hit a 52-week high of Rs 1,454.50 on 20 October 2015. The stock had hit a 52-week low of Rs 645.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 4.8% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.81% as against Sensexs 5.89% rise.

The small-cap commercial vehicles manufacturer has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzus net profit rose 41.5% to Rs 41.12 crore on 20.52% rise in total income to Rs 464.19 crore in Q1 June 2016 over Q1 June 2015.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 30 June 2016).

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PVR jumps on takeover buzz
Sep 02,2016

Meanwhile, the BSE Sensex was up 59.59 points, or 0.21%, to 28,483.07.

On BSE, so far 55,000 shares were traded in the counter, compared with average daily volume of 28,322 shares in the past one quarter. The stock hit a high of Rs 1,280.20 and a low of Rs 1,210 so far during the day. The stock hit a record high of Rs 1,252.40 on 5 August 2016. The stock hit a 52-week low of Rs 646 on 25 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 7.64% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.25% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 46.72 crore. Face value per share is Rs 10.

According to reports, Asias largest film group and theatre operator Wanda Cinema, owned by Chinas richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR, to buy a controlling stake in Indias largest multiplex operator. Dalian Wanda Group has reportedly started diligence on PVRs books as a prelude to make a formal offer to acquire the Indian company.

As on 30 June 2016, promoters held 25.26% stake in PVR

On a consolidated basis, net profit of PVR declined 1.61% to Rs 42.81 crore on 17.19% rise in net sales to Rs 559.96 crore in Q1 June 2016 over Q1 June 2015.

PVR is the largest and the most premium film and retail entertainment company in India.

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PVR jumps on reports of Chinese firm eyeing controlling stake
Sep 02,2016

Meanwhile, the BSE Sensex was up 59.59 points, or 0.21%, to 28,483.07.

On BSE, so far 55,000 shares were traded in the counter, compared with average daily volume of 28,322 shares in the past one quarter. The stock hit a high of Rs 1,280.20 and a low of Rs 1,210 so far during the day. The stock hit a record high of Rs 1,252.40 on 5 August 2016. The stock hit a 52-week low of Rs 646 on 25 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 7.64% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.25% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 46.72 crore. Face value per share is Rs 10.

According to reports, Asias largest film group and theatre operator Wanda Cinema, owned by Chinas richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR, to buy a controlling stake in PVR which is Indias largest multiplex operator. Dalian Wanda Group has reportedly started diligence on PVRs books as a prelude to make a formal offer to acquire the Indian company. As on 30 June 2016, promoters held 25.26% stake in PVR.

On a consolidated basis, net profit of PVR declined 1.61% to Rs 42.81 crore on 17.19% rise in net sales to Rs 559.96 crore in Q1 June 2016 over Q1 June 2015.

PVR is the largest and the most premium film and retail entertainment company in India.

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Bajaj Auto drops after announcing fall in August sales volume data
Sep 02,2016

The announcement was made during market hours today, 2 September 2016.

Meanwhile, the S&P BSE Sensex was up 52.86 points, or 0.19%, to 28,476.34

On BSE, so far 13,000 shares were traded in the counter, compared with an average daily volume of 22,019 shares in the past one quarter. The stock hit a high of Rs 3,010.45 and a low of Rs 2,922.70 so far during the day. The stock hit a record high of Rs 3,038 on 31 August 2016. The stock hit a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.32% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.72% as against Sensexs 5.89% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos total motorcycles sales fell 4% to 2.79 lakh units in August 2016 over August 2015. Domestic motorcycles sales rose 27% to 1.74 lakh units in August 2016 over August 2015. Motorcycle exports fell 31% to 1.05 lakh units in August 2016 over August 2015.

Bajaj Autos total commercial vehicle sales fell 12% to 45,436 units in August 2016 over August 2015. Sales of commercial vehicles in the domestic market rose 14% to 25,595 units in August 2016 over August 2015. Exports of commercial vehicles fell 32% to 19,841 units in August 2016 over August 2015.

Total sales of motorcycles and commercial vehicles in the domestic market rose 25% to 2 lakh units in August 2016 over August 2015. Combined exports of motorcycles and commercial vehicles fell 31% to 1.25 lakh units in August 2016 over August 2015.

Bajaj Autos consolidated net profit rose 13.77% to Rs 1039.70 crore on 3.42% increase in total income to Rs 6015.04 crore in Q1 June 2016 over Q1 June 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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Cadila Healthcare gains after getting EIR from USFDA for Ahmedabad facility
Sep 02,2016

The announcement was made during trading hours today, 2 September 2016.

Meanwhile, the BSE Sensex was up 60.07 points, or 0.21%, to 28,483.55.

On BSE, so far 96,000 shares were traded in the counter, compared with average daily volume of 1.01 lakh shares in the past one quarter. The stock hit a high of Rs 391 and a low of Rs 374.20 so far during the day. The stock hit a record high of Rs 454.40 on 23 October 2015. The stock hit a 52-week low of Rs 295.50 on 18 January 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 8.2% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.44% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Cadila Healthcare said that its oral solid dosage drug manufacturing plant located at Special Economic Zone (SEZ) in Ahmedabad has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) following the inspection carried out in January 2016. The receipt of EIR indicates the successful closure of the inspection points (483s) raised. This plant is a separate manufacturing unit and does not form a part of the Moraiya formulations manufacturing facility, the company said.

On a consolidated basis, Cadila Healthcares net profit fell 22.60% to Rs 356.20 crore on 2.24% decline in net sales to Rs 2216.40 crore in Q1 June 2016 over Q1 June 2015.

Cadila Healthcare is a global pharmaceutical company that discovers, manufactures and markets a broad range of healthcare therapies.

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HCC jumps over 35% in two sessions
Sep 02,2016

Meanwhile, the BSE Sensex was up 31.94 points, or 0.11%, to 28,455.42.

On BSE, so far 63.72 lakh shares were traded in the counter, compared with average daily volume of 13.38 lakh shares in the past one quarter. The stock hit a high of Rs 37.90 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 34.05 so far during the day. The stock hit a 52-week low of Rs 16.60 on 12 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 51.62% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 76.08% as against Sensexs 5.89% rise.

The mid-cap company has equity capital of Rs 77.92 crore. Face value per share is Re 1.

Shares of HCC rose 19.09% to settle at Rs 32.75 yesterday, 1 September 2016, after the company announced after market hours on Wednesday, 31 August 2016, that the Union Cabinets latest decision requiring the government agencies to pay 75% of arbitral awards will result in HCCs debt being reduced by half. The stock has risen 35.27% in two trading sessions from its close of Rs 27.50 on Wednesday, 31 August 2016.

HCC has arbitration awards for over Rs 3200 crore and with the latest cabinet decision, the company will get 75% of this amount immediately. HCCL also has claims worth around Rs 5,000 crore are in arbitration process. The cabinet decision will further help HCC to secure these awards within a duration of 12 months.

HCCs chairman and managing director said that the company will immediately be able to reduce its debt by almost half. The debt burden will reduce further within the next 12 to 24 months. With this, HCC will be able to participate in countrys infrastructure development in a much bigger way. HCC currently has standalone debt of Rs 4900 crore.

The Cabinet Committee on Economic Affairs (CCEA) on 31 August 2016 approved a series of initiatives to revive the construction sector. As per the new initiatives, CCEA allowed contractors to move to the new speedier arbitration process, approved release of 75% of the amount in dispute against margin free bank guarantee and provided for a conciliation board comprising of independent subject experts in order to ensure speedy disposal of pending or new cases.

Net profit of HCC rose 17.5% to Rs 10.88 crore on 1.7% rise in net sales to Rs 899.32 crore in Q1 June 2016 over Q1 June 2015.

HCC is into infrastructure development in transportation, power and water segments. HCC is developing a planned hill city named Lavasa near Pune in Maharashtra.

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Hero MotoCorp scales record high after declaring robust sales in August
Sep 02,2016

The announcement was made after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 61.38 points, or 0.22%, to 28,484.86

On BSE, so far 8,319 shares were traded in the counter, compared with average daily volume of 27,812 shares in the past one quarter. The stock hit a high of Rs 3,614.35 so far during the day, which is a record high for the counter. The stock hit a low of Rs 3,569.45 so far during the day. 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 30 days till 1 September 2016, rising 9.57% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.71% as against Sensexs 5.89% rise.

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

At the time of announcement of the monthly sales volume data, Hero MotoCorp said the company will launch 15 new products across segments in domestic and global markets in the year ending 31 March 2017 (FY 2017) out of which three motorcycles will be introduced in the domestic market before the festive season. These include the new Achiever 150cc motorcycle and the Super Splendor and Passion PRO motorcycles with the Hero patented i3S technology.

Hero MotoCorps net profit rose 18.13% to Rs 883.10 crore on 7.28% increase in total income to Rs 7,519.29 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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Lupin gains after receiving USFDA approval for selling Zithromax generic
Sep 02,2016

The announcement was made at the fag end of trading session yesterday, 1 September 2016.

Meanwhile, the BSE Sensex was up 76.97 points, or 0.27%, to 28,500.45.

On BSE, so far 7,243 shares were traded in the counter, compared with average daily volume of 1.15 lakh shares in the past one quarter. The stock hit a high of Rs 1,522 and a low of Rs 1,508.65 so far during the day. The stock hit a record high of Rs 2,127 on 6 October 2015. The stock hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had underperformed the market over the past 30 days till 1 September 2016, falling 10.61% compared with 2.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.63% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 90.21 crore. Face value per share is Rs 2.

Lupin announced that its US subsidiary Gavis Pharmaceuticals LLC, USA has received tentative approval from the United States Food and Drug Administration (USFDA) to market a generic version of Pfizer Inc.s Zithromax for oral suspension, 100mg/5ml and 200mg/5ml. The drug is a macrolide antibacterial drug indicated for mild to moderate infections caused by designated, susceptible bacteria. Zithromax oral suspension had annual US sales of $110.6 million as per IMS MAT June 2016 data.

Lupins consolidated net profit rose 55.1% to Rs 882 crore on 40% growth in net sales to Rs 4313.60 crore in Q1 June 2016 over Q1 June 2015.

Lupin is a pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership positions in the anti-TB segment.

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Indo Rama Synthetics tumbles after reverse turnaround in Q1
Sep 01,2016

The Q1 result was announced after market hours yesterday, 31 August 2016.

Meanwhile, the S&P BSE Sensex was down 3.06 points, or 0.01%, to 28,449.11

On BSE, so far 3.60 lakh shares were traded in the counter as against average daily volume of 74,514 shares in the past one quarter. The stock hit a high of Rs 37 and a low of Rs 32.50 so far during the day. The stock had hit a 52-week high of Rs 42.35 on 25 August 2016. The stock hit a 52-week low of Rs 24.45 on 17 February 2016. The stock had outperformed the market over the past 30 days till 31 August 2016, rising 11.14% compared with Sensexs 1.68% rise. The scrip had also outperformed the market in past one quarter, gaining 29.45% as against Sensexs 5.99% rise.

The company has an equity capital of Rs 151.82 crore. Face value per share is Rs 10.

Indo Rama Synthetics (India)s total income rose 2.44% to Rs 664.87 crore in Q1 June 2016 over Q1 June 2015.

Indo Rama Synthetics (India)s operational earnings before interest, taxation, depreciation and amortization (EBITDA) dropped 87.86% to Rs 3.95 crore in Q1 June 2016 over Q1 June 2015. The sales volume increased 6.81% to 84,470 tons in Q1 June 2016 over Q1 June 2015. Increase in price of cotton since April 2016 bodes well for the polyester industry, Indo Rama Synthetics (India) said.

Meanwhile, the board of directors of Indo Rama Synthetics (India) approved the scheme of amalgamation of Indo Rama Renewables (100% wholly owned subsidiary company) and its two 100% step-down subsidiary companies, i.e., Indo Rama Renewables Porbandar and Indo Rama Renewables Ramgarh with Indo Rama Synthetics (India).

Indo Rama Synthetics (India) is Indias largest dedicated polyester manufacturer with an integrated manufacturing complex in Butibori near Nagpur in Maharashtra, with production capacity of 6.10 lakh tons per annum of polyester staple fiber, filament yarn, draw texturized yarn, fully drawn yarn and textile grade chips.

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