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Ashoka Buildcon gains after winning road project
May 19,2016

The announcement was made during trading hours today, 19 May 2016.

Meanwhile, the BSE Sensex was down 74.43 points, or 0.29%, to 25,630.18.

On BSE, so far 66,000 shares were traded in the counter, compared with an average volume of 1.69 lakh shares in the past one quarter. The stock hit a high of Rs 145.65 and a low of Rs 139.20 so far during the day. The stock hit a record high of Rs 211.90 on 23 December 2015. The stock hit a 52-week low of Rs 111 on 7 April 2016. The stock had underperformed the market over the past one month till 18 May 2016, falling 4.91% compared with 0.43% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 22.02% as against Sensexs 8.69% rise.

The small-cap company has an equity capital of Rs 93.57 crore. Face value per share is Rs 5.

Ashoka Buildcon had submitted its bid to the National Highways Authority of India (NHAI) for the proposed project of two/four laning with paved shoulders of Govindpur (Rajgunj)-Chas-West Bengal Border section of national highway (NH)-32 in Jharkhand on NHDP Phase-IV on EPC mode.

The company said it emerged as the lowest bidder at the financial bid opening meeting held on 18 May 2016 at New Delhi. The company quoted cost of the project is Rs 486 crore.

On a consolidated basis, Ashoka Buildcons net profit surged 935.9% to Rs 13.26 crore on 32.3% rise in net sales to Rs 602.10 crore in Q3 December 2015 over Q3 December 2014. The company will declare Q4 results on 20 May 2016.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.

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Corporation Bank declines after reporting net loss in Q4
May 19,2016

The result was announced after market hours yesterday, 18 May 2016.

Meanwhile, the S&P BSE Sensex was down 77.47 points or 0.3% at 25,627.14.

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 47,985 shares in the past one quarter. The stock hit a high of Rs 37.20 and a low of Rs 35.95 so far during the day. The stock had hit a 52-week low of Rs 30.75 on 25 February 2016. The stock had hit a 52-week high of Rs 59 on 19 May 2015. The stock had underperformed the market over the past one month till 18 May 2016, sliding 2.7% compared with Sensexs 0.43% fall. The scrip had, however, outperformed the market in past one quarter, surging 11.47% as against Sensexs 8.69% rise.

The mid-cap state-run bank has equity capital of Rs 204.50 crore. Face value per share is Rs 2.

Corporation Banks total income declined 3.1% to Rs 5218.62 crore in Q4 March 2016 over Q4 March 2015.

The banks gross non-performing assets (NPA) stood at Rs 14544.25 crore as on 31 March 2016 as against Rs 10706.97 crore as on 31 December 2015 and Rs 7106.68 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.98% as on 31 March 2016 as against 7.32% as on 31 December 2015 and 4.81% as on 31 March 2015. The ratio of net NPA to net advances stood at 6.53% as on 31 March 2016 as against 4.84% as on 31 December 2015 and 3.08% as on 31 March 2015.

The banks provisions and contingencies jumped 111.6% to Rs 1960.21 crore in Q4 March 2016 over Q4 March 2015. Provision coverage ratio was at 55.05% as on 31 March 2016.

The Government of India held 67.2% stake in Corporation Bank as per the shareholding pattern as on 31 March 2016.

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Redington India gains after subsidiary hikes stake in Linkplus
May 19,2016

The announcement was made after market hours yesterday, 18 May 2016.

Meanwhile, the BSE Sensex was down 98.86 points, or 0.38%, to 25,605.75 .

On BSE, so far 18,000 shares were traded in the counter, compared with an average volume of 19,159 shares in the past one quarter. The stock hit a high of Rs 115.70 and a low of Rs 111.40 so far during the day. The stock hit a 52-week high of Rs 132 on 24 September 2015. The stock hit a 52-week low of Rs 91.20 on 19 June 2015. The stock had underperformed the market over the past one month till 18 May 2016, falling 2.95% compared with 0.43% decline in the Sensex. The scrip had also underperformed the market in past one quarter, rising 7.83% as against Sensexs 8.69% rise.

The small-cap company has an equity capital of Rs 79.96 crore. Face value per share is Rs 2.

Redington Indias step down subsidiary Redington Gulf FZE has acquired 10% stake from the Linkplus shareholders for a consideration of $1.15 million. With this, Redington Gulf FZEs stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S. Turkey has increased to 80%. The balance 20% share will be purchased on equitable basis during the calender year 2016 and the calender year 2017 at a price/earning (P/E) multiple of 5X. The company has received an approval of competition board of Turkey for the said acquisition.

On consolidated basis, Redington (India)s net profit rose 9.17% to Rs 110.34 crore on 6.82% rise in net sales to Rs 9003.32 crore in Q3 December 2015 over Q3 December 2014. The company will declare Q4 results on 24 May 2016.

Redington (India) is a supply chain solutions provider worldwide to over 100 leading manufacturers of information technology, telecom, lifestyle and consumer electronics products.

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IFB Inds drops on profit booking
May 19,2016

Meanwhile, the S&P BSE Sensex was down 109.76 points or 0.43% at 25,594.85.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 10,502 shares in the past one quarter. The stock hit a high of Rs 405 and a low of Rs 382.75 so far during the day. The stock had hit a 52-week high of Rs 666 on 28 May 2015. The stock had hit a 52-week low of Rs 281 on 25 February 2016. The stock had outperformed the market over the past one month till 18 May 2016, gaining 4.98% compared with Sensexs 0.43% fall. The scrip had also outperformed the market in past one quarter, surging 31.09% as against Sensexs 8.69% rise.

The small-cap company has equity capital of Rs 40.52 crore. Face value per share is Rs 10.

Shares of IFB Industries witnessed a pre-result rally. The stock had surged 11.02% to settle at Rs 405.80 yesterday, 18 May 2016, from its close of Rs 365.50 on 11 May 2016.

IFB Industries net profit jumped 325.4% to Rs 5.02 crore on 13.2% growth in net sales to Rs 363.42 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.

IFB Industries is engaged in the business of manufacturing and trading of home appliances and fine blanking components.

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Castrol slides on reports of promoter selling stake
May 19,2016

Meanwhile, the S&P BSE Sensex was down 111.91 points or 0.44% at 25,592.70.

Massive volumes were witnessed on the counter. On BSE, so far 6.41 crore shares were traded in the counter as against average daily volume of 1.10 lakh shares in the past one quarter. The stock hit a high of Rs 381 and a low of Rs 364.40 so far during the day. The stock had hit a 52-week low of Rs 360.10 on 1 March 2016. The stock had hit a 52-week high of Rs 513.15 on 30 July 2015. The stock had outperformed the market over the past one month till 18 May 2016, gaining 1.66% compared with Sensexs 0.43% fall. The scrip had, however, underperformed the market in past one quarter, declining 2.59% as against Sensexs 8.69% rise.

The large-cap company has equity capital of Rs 247.28 crore. Face value per share is Rs 5.

Reports suggested that the share sale is happening at an indicative range of Rs 355-385.25 per share. Shares of Castrol India had declined 2.85% to settle at Rs 385.25 on the BSE yesterday, 18 May 2016.

Castrol Limited UK held 70.92% stake in Castrol India as per the shareholding pattern as on 31 March 2016.

Castrol Indias net profit rose 17.5% to Rs 172.40 crore on 7.1% growth in net sales to Rs 852.10 crore in Q1 March 2016 over Q1 March 2015.

Castrol India manufactures and markets a range of automotive and industrial lubricants.

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Parag Milk Foods sees a good debut
May 19,2016

The stock debuted at Rs 215.70, a premium of 0.33% to the initial public offer (IPO) price. So far the stock hit a high of Rs 245.50 and low of Rs 215.70. On BSE, 16.27 lakh shares were traded on the counter.

The IPO of Parag Milk Foods closed on 11 May 2016. The IPO received bids for a total of 3.56 crore shares. It was subscribed 1.83 times as per data from the National Stock Exchange (NSE) website. The IPO of Parag Milk Foods was earlier slated to end on 6 May 2016. The company had revised the price band of the issue to Rs 215 - Rs 227 per share from Rs 220 - Rs 227 per share earlier. The IPO opened for bidding on 4 May 2016.

The qualified institutional buyers (QIBs) category was subscribed 1.15 times. The non-institutional investors category was subscribed 3.08 times. The retail individual investors (RIIs) category was subscribed 2.12 times.

The IPO of Parag Milk Foods, one of the leading manufacturers and marketers of dairy-based branded foods in India, comprised of fresh issue of equity shares aggregating up to Rs 300 crore and offer for sale of up to 2.05 crore shares from existing shareholders.

The three investors who sold shares via the IPO are India Business Excellence Fund (IBEF) which is a unit scheme of venture capital fund Business Excellence Trust, India Business Excellence Fund I (IBEF I) and IDFC Private Equity Fund III (IDFC PE) which is a unit scheme of venture capital fund IDFC Infrastructure Fund 3. IBEF sold 21.09 lakh shares, IBEF I sold 39.17 lakh shares and IDFC PE sold 82.59 lakh shares via the IPO.

From the promoter group, Netra Shah sold 20.04 lakh shares and Priti Shah sold 11 lakh shares. Other selling shareholders sold a combined 31.81 lakh shares.

The company had raised Rs 342.85 crore by selling 1.51 crore shares to a total of 17 anchor investors ahead of the opening of the IPO. The shares were allotted to the anchor investors at Rs 227 per share, the top end of the Rs 220 to Rs 227 per share price band for the IPO.

The company will utilize the proceeds of the fresh issue of shares to fund the expansion and modernisation at its existing manufacturing facilities at Manchar in Pune and Palamaner in Andhra Pradesh and improving the marketing/distribution infrastructure. The company has earmarked Rs 147.70 crore the expansion and modernisation plan. It has earmarked Rs 2.29 crore for investment in its subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm. A sum of Rs 100 crore will be used for partial repayment of the working capital consortium loan.

Promoted by Devendra Shah, Pritam Shah and Parag Shah, Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands. The company currently has aggregate milk processing capacity of 2 million litres per day. The cheese plant has a raw cheese production capacity of 40 MT per day. The companys two flagship brands are Gowardhan and Go.

The company operates a diary farm through its subsidiary Bhagyalaxmi Dairy Farms. It is a fully automated cow farm housing over 2,000 holstein breed cows with superior quality yields. It produces farm-to-home premium fresh milk, which is marketed under the Pride of Cows brand in Mumbai and Pune.

Based on the consolidated financial performance, Parag Milk Foods registered net profit of Rs 31.92 crore on revenue from operations of Rs 1230.60 crore for 9 months ended 31 December 2015. The company reported net profit of Rs 25.96 crore on revenue from operations of Rs 1438.70 crore for the year ended 31 March 2015. The company has stated in its Red Herring Prospectus that it has not declared any dividend in the last five financial years. The company has no formal dividend distribution policy.

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Sun TV slumps as AIADMK may win in Tamil Nadu
May 19,2016

Meanwhile, the BSE Sensex was down 111.04 points, or 0.43%, to 25,593.57.

On BSE, so far 4.93 lakh shares were traded in the counter, compared with an average volume of 66,183 shares in the past one quarter. The stock hit a high of Rs 438 and a low of Rs 375.10 so far during the day. The stock hit a 52-week high of Rs 438 on 19 May 2016. The stock hit a 52-week low of Rs 256.05 on 22 July 2015. The stock had outperformed the market over the past one month till 18 May 2016, rising 18.29% compared with 0.43% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.39% as against Sensexs 8.69% rise.

The large-cap company has an equity capital of Rs 197.04 crore. Face value per share is Rs 5.

Early trends showed the AIADMK supremo J Jayalalithaa stood in a commanding position over her rival, DMKs M Karunanidhi in Tamil Nadu. AIADMK or All India Anna Dravida Munnetra Kazhagam is a state political party of Tamil Nadu. The party is led by J. Jayalalithaa.

Chennai-based Sun TV Network owner, Kalalinithi Maran, is the grand nephew of M Karunanidhi, who heads the Dravida Munnetra Kazhagam (DMK), a Dravidian political party in the state of Tamil Nadu.

Kalanithi Maran held 75% stake in Sun TV Network as of 31 March 2016.

Media reports suggest that there is a strong connection in the financial performance of Sun TV Network to the period in which the DMK is in power.

Sun TV Networks net profit rose 0.7% to Rs 215.59 crore on 3.9% growth in net sales to Rs 574.12 crore in Q3 December 2015 over Q3 December 2014.

Sun TV Network is one of the largest television broadcasters in India, operating satellite television channels across four languages of Tamil, Telugu, Kannada and Malayalam and presently airing FM radio stations across India.

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Unitech drops after exclusion from F&O segment
May 19,2016

Meanwhile, the S&P BSE Sensex was down 101.70 points or 0.4% at 25,602.91.

On BSE, so far 28.52 lakh shares were traded in the counter as against average daily volume of 64.80 lakh shares in the past two weeks. The stock hit a high of Rs 4.12 and a low of Rs 3.88 so far during the day. The stock had hit a 52-week low of Rs 3.43 on 11 February 2016. The stock had hit a 52-week high of Rs 14.85 on 29 May 2015.

The small-cap company has equity capital of Rs 523.26 crore. Face value per share is Rs 2.

Futures & options (F&O) contracts for new expiry months in Unitech will not be issued, the National Stock Exchange (NSE) said in a circular. The existing unexpired contracts of expiry months May 2016, June 2016 and July 2016 would continue to be available for trading till their respective expiry.

Unitech reported consolidated net loss of Rs 16.11 crore in Q3 December 2015 compared with net profit of Rs 43.34 crore in Q3 December 2014. Net sales declined 42.2% to Rs 408.75 crore in Q3 December 2015 over Q3 December 2014.

Unitech is one of Indias leading real estate player. It has a diversified product mix in real estate comprising of commercial complexes, IT/ITes parks, special economic zones (SEZs), integrated residential developments, schools, hotels, malls, golf courses and amusement parks.

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Glenmark Pharma gains after getting USFDA nod to sell Rufinamide
May 19,2016

The announcement was made before trading hours today, 19 May 2016.

Meanwhile, the BSE Sensex was down 127.03 points, or 0.49%, to 25,577.58.

On BSE, so far 1,998 shares were traded in the counter, compared with an average volume of 41,689 shares in the past one quarter. The stock hit a high of Rs 866 and a low of Rs 855 so far during the day. The stock hit a 52-week 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 18 May 2016, rising 7.56% compared with 0.43% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.57% as against Sensexs 8.69% rise.

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

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for its Rufinamide Tablets USP, 200 milligram (mg) and 400 mg, a therapeutic equivalent of Banzel Tablets, 200 mg and 400 mg of Eisai, Inc. With respect to 180-day generic drug exclusivity, Glenmark was one of the first ANDA applicants to submit a substantially complete ANDA for Rufinamide Tablets USP, 200 mg and 400 mg, with a paragraph IV certification. Therefore, with this approval, Glenmark is eligible for 180 days of shared generic drug exclusivity for Rufinamide Tablets USP, 200 mg and 400 mg.

According to IMS Health sales data for the 12 month period ending March 2016, the Banzel markets achieved annual sales of approximately $155.1 million in the US market.

Glenmarks current portfolio consists of 113 products authorized for distribution in the US marketplace and 63 ANDAs pending approval with the USFDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

On a consolidated basis, Glenmark Pharmaceuticals net profit rose 1516.31% to Rs 171.49 crore on 23.96% 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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JK Lakshmi Cement jumps after stellar Q4 results
May 19,2016

The announcement was made after market hours yesterday, 18 May 2016.

Meanwhile, the S&P BSE Sensex was down 89.65 points or 0.35% at 25,614.96.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 3,791 shares in the past two weeks. The stock hit a high of Rs 368.80 and a low of Rs 353 so far during the day. The stock had hit a 52-week high of Rs 409.80 on 26 June 2015. The stock had hit a 52-week low of Rs 253 on 12 February 2016.

The small-cap company has equity capital of Rs 58.84 crore. Face value per share is Rs 5.

JK Lakshmi Cement said that companys steep growth in production and sales along with its relentless efforts to improve efficiency and cutting its operating cost has enabled the company to post profitability of Rs 30.51 crore at profit before tax (PBT) level in Q4 March 2016 after witnessing losses in the previous three quarters. The net profit spurted with the recognition of deferred tax asset in Q4 March 2016. However, the company said that its profitability was affected due to the additional burden of interest and depreciation with the commissioning of the first phase of the greenfield plant at Durg, besides lower prices.

JK Lakshmi Cement manufactures cement, which it sells under the brand name JK Lakshmi.

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Vinyl Chemicals gains after announcing Q4 results
May 18,2016

The result was announced during market hours today, 18 May 2016.

Meanwhile, the S&P BSE Sensex was down 73.12 points or 0.28% at 25,700.49.

On BSE, so far 63,000 shares were traded in the counter as against average daily volume of 15,619 shares in the past one quarter. The stock hit a high of Rs 63.50 and a low of Rs 57.50 so far during the day. The stock had hit a 52-week high of Rs 92 on 15 July 2015. The stock had hit a 52-week low of Rs 41 on 12 February 2016.

The small-cap company has equity capital of Rs 1.83 crore. Face value per share is Rs 1.

Vinyl Chemicals (India)s bottom line was pulled down due to exceptional expense of Rs 1.24 crore in Q4 March 2016 as against an exceptional gain of Rs 74 lakh in Q4 March 2015.

Vinyl Chemicals (India) is in the business of selling various speciality chemicals mainly to textile, paints and adhesive sectors.

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Dolphin Offshore gains after winning orders
May 18,2016

The announcement was made after market hours yesterday, 17 May 2016.

Meanwhile, the BSE Sensex was down 75.50 points, or 0.29%, to 25,698.11.

On BSE, so far 96,000 shares were traded in the counter, compared with an average volume of 47,703 shares in the past one quarter. The stock hit a high of Rs 100.10 and a low of Rs 97.10 so far during the day. The stock hit a 52-week high of Rs 139.30 on 3 December 2015. The stock hit a 52-week low of Rs 67.10 on 29 February 2016. The stock had outperformed the market over the past one month till 17 May 2016, rising 4.88% compared with 0.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.21% as against Sensexs 10.23% rise.

The small-cap company has an equity capital of Rs 16.77 crore. Face value per share is Rs 10.

Dolphin Offshore Enterprises (India) has bagged a contract worth $3.99 million from ONGC for underwater structural repair of HC platform in Heera Field. The duration of contract is 240 days from 16 October 2016.

The company also signed a charter party agreement with Sanat Gostar Kish Co (SGK) for deployment of the vessel E. Francis and Diving personnel in the Middle East. This vessel was hired by the company from a company in the Middle East. The contract value is $7 million (approximate) and the contract duration of the charter hire is 200 days, the company said.

On a consolidated basis, net profit of Dolphin Offshore Enterprises (India) declined 41.14% to Rs 13.19 crore on 1.12% decline in net sales to Rs 43.20 crore in Q3 December 2015 over Q3 December 2014.

Dolphin Offshore Enterprises (India) is a leading provider of underwater services to the Indian oil and gas industry.

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OCL India hits 52-week high after stellar Q4 results
May 18,2016

The result was announced after market hours yesterday, 17 May 2016.

Meanwhile, the S&P BSE Sensex was down 134.74 points or 0.52% at 25,638.87.

On BSE, so far 54,000 shares were traded in the counter as against average daily volume of shares in the past one quarter. The stock hit a high of Rs 628 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 581 so far during the day. The stock had hit a 52-week low of Rs 390 on 25 February 2016. The stock had outperformed the market over the past one month till 17 May 2016, gaining 6.44% compared with Sensexs 0.57% rise. The scrip had also outperformed the market in past one quarter, advancing 22.28% as against Sensexs 10.23% rise.

The small-cap company has equity capital of Rs 11.38 crore. Face value per share is Rs 2.

OCL India is in the business of cement and refractories.

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Motherson Sumi corrects on profit booking
May 18,2016

Meanwhile, the BSE Sensex was down 125.39 points, or 0.49%, to 25,648.22.

On BSE, so far 5.03 lakh shares were traded in the counter, compared with an average volume of 2.34 lakh shares in the past one quarter. The stock hit a high of Rs 289.95 and a low of Rs 274.90 so far during the day. The stock hit a 52-week high of Rs 395.85 on 6 August 2015. The stock hit a 52-week low of Rs 206.20 on 25 February 2016. The stock had outperformed the market over the past one month till 17 May 2016, rising 12.73% compared with 0.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 30.13% as against Sensexs 10.23% rise.

The large-cap company has an equity capital of Rs 132.29 crore. Face value per share is Re 1.

Shares of Motherson Sumi Systems rose 14.83% to settle at Rs 290.45 yesterday, 17 May 2016, from its close of Rs 252.95 on 10 May 2016.

On a consolidated basis, Motherson Sumi Systems net profit rose 22% to Rs 414 crore on 8% growth in revenue to Rs 10068 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 14% to Rs 1061 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours yesterday, 17 May 2016. The Motherson Sumi Systems stock spurted 8.36% to Rs 290.45 on that day.

Motherson Sumi Systems is one of the worlds fastest growing specialised automotive component manufacturing company for original equipment manufacturers (OEMs). It is the flagship company of the Samvardhana Motherson Group.

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M&M declines as Scorpio fails crash test
May 18,2016

Meanwhile, the S&P BSE Sensex was down 126.90 points or 0.49% at 25,646.71.

On BSE, so far 43,000 shares were traded in the counter as against average daily volume of 89,585 shares in the past one quarter. The stock lost as much as 2.17% at the days low of Rs 1,312.25 so far during the day. The stock rose as much as 0.04% at the days high of Rs 1,342 so far during the day. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016. The stock had hit a record high of Rs 1,441.45 on 7 August 2015. The stock had outperformed the market over the past one month till 17 May 2016, gaining 0.66% compared with Sensexs 0.57% rise. The scrip had also outperformed the market in past one quarter, advancing 11.51% as against Sensexs 10.23% rise.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindras (M&M) net profit declined 14.2% to Rs 807.99 crore on 17.1% growth in net sales to Rs 10900.39 crore in Q3 December 2015 over Q3 December 2014. The company is scheduled to announce its Q4 March 2016 results on 30 May 2016.

Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.

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