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Bharat Financial Inclusion slides over 12% in two sessions
Aug 03,2016

The company made the announcement after market hours on Monday, 1 August 2016. The stock slumped 9.73% to Rs 822.20 yesterday, 2 August 2016. The stock has fallen 12.37% in two session from its close of Rs 910.80 on 1 August 2016.

Meanwhile, the S&P BSE Sensex was down 168.80 points, or 0.60%, to 27,812.91.

On BSE, so far 6.32 lakh shares were traded in the counter, compared with an average daily volume of 2.19 lakh shares in the past one quarter. The stock hit a high of Rs 849.75 and a low of Rs 778.15 so far during the day. The stock hit a 52-week high of Rs 938.75 on 29 July 2016. The stock hit a 52-week low of Rs 369.45 on 18 September 2015. The stock had outperformed the market over the past one month till 2 August 2016, rising 11.89% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.40% as against Sensexs 10% rise.

The large-cap company has an equity capital of Rs 127.59 crore. Face value per share is Rs 10.

Bharat Financial Inclusion, formerly known as SKS Microfinance, announced that its President S Dilli Raj was arrested by the Enforcement Directorate (ED) in connection to a complaint filed by IDBI Bank against First Leasing Company of India. S Dilli Raj previously worked in First Leasing Company of India.

Bharat Financial Inclusion clarified that the investigation does not in any way relate to the company. Dilli Raj had earlier issued a personal statement on 19 October 2015 stating that he had resigned from First Leasing Company of India on 22 November 2007 and was relieved on 18 January 2008. He had stated that all loans taken during his tenure have been repaid by First Leasing and that the complaint filed by IDBI Bank relates to loans sanctioned during the years 2012 and 2013, which was six years after he ceased to be an employee of First Leasing. Dilli Raj also had clarified that his role was confined to treasury operations and he did not authenticate or sign any financial statements of First Leasing.

Bharat Financial Inclusions net profit surged 285.7% to Rs 235.91 crore on 46.5% increase in total income to Rs 414.12 crore in Q1 June 2016 over Q1 June 2015.

Bharat Financial Inclusion formerly SKS Microfinance is among the largest microfinance companies in India.

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Bharat Financial Inclusion extends losses
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 168.80 points, or 0.60%, to 27,812.91.

On BSE, so far 6.32 lakh shares were traded in the counter, compared with an average daily volume of 2.19 lakh shares in the past one quarter. The stock hit a high of Rs 849.75 and a low of Rs 778.15 so far during the day. The stock hit a 52-week high of Rs 938.75 on 29 July 2016. The stock hit a 52-week low of Rs 369.45 on 18 September 2015. The stock had outperformed the market over the past one month till 2 August 2016, rising 11.89% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.40% as against Sensexs 10% rise.

The large-cap company has an equity capital of Rs 127.59 crore. Face value per share is Rs 10.

The Bharat Financial Inclusion stock slumped 9.73% to settle at Rs 822.20 yesterday, 2 August 2016, in reaction to the companys announcement that its President S Dilli Raj was arrested by the Enforcement Directorate (ED) in connection to a complaint filed by IDBI Bank against First Leasing Company of India. The stock has fallen 12.37% in two sessions from its close of Rs 910.80 on 1 August 2016.

Bharat Financial Inclusion has clarified that the investigation pertains to Dilli Rajs previous tenure with First Leasing Company of India as First Leasings employee and that the investigation does not in any way relate to the company. Dilli Raj had earlier issued a personal statement on 19 October 2015 stating that all loans taken during his tenure in First Leasing were repaid by First Leasing and that the complaint filed by IDBI Bank relates to loans sanctioned after he ceased to be an employee of First Leasing. Dilli Raj also had clarified that his role was confined to treasury operations and he did not authenticate or sign any financial statements of First Leasing.

Bharat Financial Inclusions net profit surged 285.7% to Rs 235.91 crore on 46.5% increase in total income to Rs 414.12 crore in Q1 June 2016 over Q1 June 2015.

Bharat Financial Inclusion formerly SKS Microfinance is among the largest microfinance companies in India.

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Dishman Pharma drops on profit booking after announcing Q1 results
Aug 03,2016

Meanwhile, the BSE Sensex was down 212.54 points, or 0.76%, to 27,769.17

On BSE, so far 9.51 lakh shares were traded in the counter, compared with average daily volume of 2.36 lakh shares in the past one quarter. The stock hit a high of Rs 169.65 and a low of Rs 158.50 so far during the day. The stock hit a 52-week high of Rs 209.85 on 4 November 2015. The stock hit a 52-week low of Rs 86.93 on 25 August 2015. The stock had outperformed the market over the past one month till 2 August 2016, rising 17.85% compared with 3.08% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 1.12% as against Sensexs 10% rise.

The small-cap company has an equity capital of Rs 32.28 crore. Face value per share is Rs 2.

Dishman Pharmaceuticals and Chemicals announced its first quarter results during trading hours today, 3 August 2016. The stock had surged ahead of the results announcement. The stock surged 13.95% in four trading sessions to settle at Rs 167.40 yesterday, 2 August 2016, from its close of Rs 146.90 on 27 July 2016.

Dishman Pharmaceuticals acts as a full fledged CRAMS (contract research and manufacturing services) partner for global pharma innovators. It also makes phase transfer catalysts, Vitamin D, Vitamin D analogues, cholesterol, laolin related products, antiseptic and disinfectant formulations for pharmaceutical, cosmetic and related markets. The company also makes generic active pharmaceutical ingredients (API) and intermediates for the pharmaceutical industries.

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Indian Bank corrects on profit booking
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 238.78 points, or 0.85%, to 27,742.93.

On BSE, so far 5.73 lakh shares were traded in the counter, compared with an average daily volume of 72,942 shares in the past one quarter. The stock hit a high of Rs 199.40 and a low of Rs 180 so far during the day. The stock hit a 52-week high of Rs 186.20 yesterday, 2 August 2016. The stock hit a 52-week low of Rs 76 on 29 February 2016. The stock had outperformed the market over the past one month till 2 August 2016, rising 31.54% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 92.16% as against Sensexs 10% rise.

The mid-cap company has an equity capital of Rs 480.29 crore. Face value per share is Rs 10.

Shares of Indian Bank had witnessed a strong rally ahead of the announcement of the first quarter results. Shares of Indian Bank rose 27.93% to settle at Rs 186.20 yesterday, 2 August 2016, from its close of Rs 145.55 on 22 July 2016.

The stock surged 19.97% in a single trading trading session yesterday, 2 August 2016, after the bank announced good Q1 results.

Net profit of Indian Bank rose 42.77% to Rs 307.36 crore on 0.4% rise in total income to Rs 4512.96 crore in Q1 June 2016 over Q1 June 2015. The result was announced during trading hours yesterday, 2 August 2016.

The banks gross non-performing assets (NPAs) stood at Rs 8894.24 crore as on 30 June 2016 as against Rs 8827.04 crore as on 31 March 2016 and Rs 5815.15 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 6.97% as on 30 June 2016 as against 6.66% as on 31 March 2016 and 4.65% as on 30 June 2015. The ratio of net NPAs to net advances stood at 4.48% as on 30 June 2016 as against 4.20% as on 31 March 2016 and 2.62% as on 30 June 2015. The banks provisions and contingencies (excluding tax provisions) rose 2.2% to Rs 416.99 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 53.89% as on 30 June 2016.

Meanwhile, Indian Bank announced after market hours yesterday, 2 August 2016, that its board approved raising upto Rs 1000 crore by issuing Basel III compliant AT 1 and / or Tier 2 Bonds in one or more tranches in the current or subsequent years based on the requirement.

Government of India holds 82.11% stake in Indian Bank (as on 30 June 2016).

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Indian Bank drops on profit booking
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 238.78 points, or 0.85%, to 27,742.93.

On BSE, so far 5.73 lakh shares were traded in the counter, compared with an average daily volume of 72,942 shares in the past one quarter. The stock hit a high of Rs 199.40 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 180 so far during the day. The stock hit a 52-week low of Rs 76 on 29 February 2016. The stock had outperformed the market over the past one month till 2 August 2016, rising 31.54% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 92.16% as against the Sensexs 10% rise.

The mid-cap state-run bank has equity capital of Rs 480.29 crore. Face value per share is Rs 10.

Shares of Indian Bank surged 20% to settle at Rs 186.20 yesterday, 2 August 2016, after the bank announced surge in bottom line in Q1 June 2016. Indian Banks net profit rose 42.77% to Rs 307.36 crore on 0.4% rise in total income to Rs 4512.96 crore in Q1 June 2016 over Q1 June 2015. The result was announced during trading hours yesterday, 2 August 2016.

The banks provisions and contingencies (excluding tax provisions) rose 2.2% to Rs 416.99 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio stood at 53.89% as on 30 June 2016.

The banks gross non-performing assets (NPAs) stood at Rs 8894.24 crore as on 30 June 2016 as against Rs 8827.04 crore as on 31 March 2016 and Rs 5815.15 crore as on 30 June 2015. The ratio of gross NPA to gross advances stood at 6.97% as on 30 June 2016 as against 6.66% as on 31 March 2016 and 4.65% as on 30 June 2015. The ratio of net NPA to net advances stood at 4.48% as on 30 June 2016 as against 4.2% as on 31 March 2016 and 2.62% as on 30 June 2015.

Meanwhile, Indian Bank announced after market hours yesterday, 2 August 2016, that its board of directors approved raising upto Rs 1000 crore by issuing Basel III compliant AT 1 and/or Tier 2 Bonds in one or more tranches in the current or subsequent years based on the requirement.

Government of India currently holds 82.1% stake in Indian Bank (as on 30 June 2016).

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Volumes jump at Pressman Advertising counter
Aug 03,2016

Pressman Advertising clocked volume of 12.02 lakh shares by 13:34 IST on BSE, a 113.32 times surge over two-week average daily volume of 11,000 shares. The stock surged 7.81% at Rs 47.60.

J K Cement notched up volume of 1.04 lakh shares, a 58-fold surge over two-week average daily volume of 2,000 shares. The stock rose 0.86% at Rs 736.20.

Adhunik Industries saw volume of 6.99 lakh shares, a 47.47-fold surge over two-week average daily volume of 15,000 shares. The stock advanced 9.98% at Rs 105.20

Delta Corp clocked volume of 38.32 lakh shares, a 4.69-fold surge over two-week average daily volume of 8.16 lakh shares. The stock surged 9.36% at Rs 108.70 after three bulk deals were executed in the counter. A bulk deal of 3.42 lakh shares was executed on the Delta Corp scrip at Rs 109.55 per share at 10:29 IST on BSE. Another bulk deal of 2.40 lakh shares was executed on the scrip at Rs 109.50 per share at 10:30 IST on BSE. One more bulk deal of 1.02 lakh shares was executed on the scrip at Rs 109.35 per share at 10:31 IST.

Kansai Nerolac Paints saw volume of 3 lakh shares, a 4.55-fold rise over two-week average daily volume of 66,000 shares. The stock shed 0.34% at Rs 367.85.

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Astral Poly gains after launching new plumbing brand
Aug 03,2016

The announcement was made during trading hours today, 3 August 2016.

Meanwhile, the S&P BSE Sensex was down 239.70 points, or 0.86%, to 27,742.01.

On BSE, so far 3,091 shares were traded in the counter, compared with an average daily volume of 11,572 shares in the past one quarter. The stock hit a high of Rs 495 and a low of Rs 488.50 so far during the day. The stock hit a 52-week high of Rs 526.35 on 27 July 2016. The stock hit a 52-week low of Rs 334.05 on 29 February 2016. The stock had underperformed the market over the past one month till 2 August 2016, rising 0.18% compared with 3.08% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.92% as against Sensexs 10% rise.

The mid-cap company has an equity capital of Rs 11.98 crore. Face value per share is Re 1.

Astral Poly Technik (Astral) has joined hands with Japan-based Sekisui Chemical Co. (Sekisui) to source chlorinated poly vinyl chloride (CPVC) resin for hot and cold water plumbing system. This strategic tie up between Astral and Sekisui enables Astral to go for backward integration into developing its own CPVC compound. On account of this tie up, Astral has launched its own brand Astral CPVC Pro for CPVC pipes and fittings for hot and cold water application. This product has NSF-61, ISI, UIPC approvals. The CPVC compound is also NSF certified for potable water.

On a consolidated basis, Astral Poly Techniks net profit rose 101.71% to Rs 42.40 crore on 12.92% rise in net sales to Rs 531.99 crore in Q4 March 2016 over Q4 March 2015.

Astral Poly Technik is a diversified manufacturer of building products in India. Its piping product portfolio consists of plumbing, drainage, agriculture, industrial, fire sprinkler and electrical piping systems. Astrals adhesive product portfolio consists of construction chemicals, maintenance, wood care and automotive adhesives.

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Insecticides (India) gains after entering into product marketing agreement
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 232.68 points, or 0.83%, to 27,749.03

On BSE, so far 1,045 shares were traded in the counter, compared with an average volume of 3,095 shares in the past one quarter. The stock hit a high of Rs 478.10 and a low of Rs 461.20 so far during the day. The stock hit a 52-week high of Rs 559.50 on 6 August 2015. The stock hit a 52-week low of Rs 297 on 17 February 2016. The stock had underperformed the market over the past one month till 2 August 2016, falling 5.7% compared with 3.08% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 9.9% as against Sensexs 10% rise.

The small-cap company has an equity capital of Rs 20.67 crore. Face value per share is Rs 10.

Hyderabad Chemical Private Limited is a subsidiary of Japans Nihon Nohyaku Co. Insecticides (India) made the announcement about the product marketing tie up after trading hours yesterday, 2 August 2016.

Insecticides (India)s net profit dropped 92.2% to Rs 0.48 crore on 10.9% rise in total income to Rs 178.51 crore in Q4 March 2016 over Q4 March 2015.

Insecticides (India) manufactures all types of insecticides, weedicides, fungicides and plant growth regulators (PGRs) for all types of crops and household.

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Insecticides (India) gains after entering in agreement with Hyderabad Chemical
Aug 03,2016

Hyderabad Chemical is a subsidiary of Nihon Nohyaku Co, Japan. The announcement was made after trading hours yesterday, 2 August 2016.

Meanwhile, the S&P BSE Sensex was down 232.68 points, or 0.83%, to 27,749.03

On BSE, so far 1,045 shares were traded in the counter, compared with an average volume of 3,095 shares in the past one quarter. The stock hit a high of Rs 478.10 and a low of Rs 461.20 so far during the day. The stock hit a 52-week high of Rs 559.50 on 6 August 2015. The stock hit a 52-week low of Rs 297 on 17 February 2016. The stock had underperformed the market over the past one month till 2 August 2016, falling 5.7% compared with 3.08% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 9.9% as against Sensexs 10% rise.

The small-cap company has an equity capital of Rs 20.67 crore. Face value per share is Rs 10.

Insecticides (India)s net profit dropped 92.2% to Rs 0.48 crore on 10.9% rise in total income to Rs 178.51 crore in Q4 March 2016 over Q4 March 2015.

Insecticides (India) manufactures all types of insecticides, weedicides, fungicides and plant growth regulators (PGRs) for all types of crops and household.

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Wim Plast scales record high after good Q1 result, liberal bonus
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 224.57 points, or 0.8%, to 27,757.14

On BSE, so far 8,933 shares were traded in the counter, compared with average daily volume of 15,460 shares in the past one quarter. The stock hit a high of Rs 2,649 in intraday trade so far, which is record for the counter. The stock hit a low of Rs 2,500 so far during the day. The stock hit a 52-week low of Rs 1,551 on 1 April 2016. The stock had outperformed the market over the past one month till 2 August 2016, surging 25.25% compared with 3.08% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 30.94% as against Sensexs 10% rise.

The small-cap company has an equity capital of Rs 6 crore. Face value per share is Rs 10.

Wim Plasts net profit rose 43% to Rs 13.51 crore on 14.8% rise in net sales to Rs 99.32 crore in Q1 June 2016 over Q1 June 2015.

Wim Plast manufactures plastic moulded furnitures.

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Ambuja Cements drops in volatile trade after securing coal linkages
Aug 03,2016

The announcement was made after market hours yesterday, 2 August 2016.

Meanwhile, the S&P BSE Sensex was down 222.53 points, or 0.80%, to 27,759.18.

On BSE, so far 88,000 shares were traded in the counter, compared with an average daily volume of 2.34 lakh shares in the past one quarter. Trading was volatile on the counter. The stock rose 1.12% at the days high of Rs 266.90 in intraday trade so far. The stock fell 0.44% at the days low of Rs 262.80 in intraday trade so far. The stock hit a 52-week high of Rs 278.35 on 27 July 2016. The stock hit a 52-week low of Rs 185 on 29 February 2016. The stock had outperformed the market over the past one month till 2 August 2016, rising 4.37% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.07% as against Sensexs 10% rise.

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

Ambuja Cements has secured coal linkage of 20,400 tonnes at Rs 1,810 per tonne from Western Coalfields (Niljai colliery), 16,500 tonnes at Rs 1,095 per tonne from South Eastern Coalfields (Kusmunda siding) and 82,300 tonnes at Rs 1,070 per tonne from South Eastern Coalfields (Gevra siding).

Ambuja Cements had late last month announced securing a linkage of 96,000 tonnes of coal at Rs 1,050 per tonne from Junadih siding of South Eastern Coalfields.

Ambuja Cements net profit surged 76.5% to Rs 399.51 crore on 1.9% growth in net sales to Rs 2541.16 crore in Q2 June 2016 over Q2 June 2015.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports. The company sells cement under the Ambuja Cement brand.

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Ambuja Cements turns volatile after securing 3 coal linkages
Aug 03,2016

The announcement was made after market hours yesterday, 2 August 2016.

Meanwhile, the S&P BSE Sensex was down 222.53 points, or 0.80%, to 27,759.18.

On BSE, so far 88,000 shares were traded in the counter, compared with an average daily volume of 2.34 lakh shares in the past one quarter. Trading was volatile on the counter. The stock rose 1.12% at the days high of Rs 266.90 in intraday trade. The stock fell 0.44% at the days low of Rs 262.80 in intraday trade. The stock hit a 52-week high of Rs 278.35 on 27 July 2016. The stock hit a 52-week low of Rs 185 on 29 February 2016. The stock had outperformed the market over the past one month till 2 August 2016, rising 4.37% compared with 3.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.07% as against Sensexs 10% rise.

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

Ambuja Cements said it secured coal linkage of 20,400 tonnes at Rs 1,810 per tonne from Western Coalfields (Niljai colliery), 16,500 tonnes at Rs 1,095 per tonne from South Eastern Coalfields (Kusmunda Siding) and 82,300 tonnes at Rs 1,070 per tonne from South Eastern Coalfields (Gevra Siding).

On 28 July 2016, Ambuja Cements announced securing a linkage of 96,000 tonnes of coal at Rs 1,050 per tonne from Junadih siding of South Eastern Coalfields.

Ambuja Cements net profit surged 76.5% to Rs 399.51 crore on 1.9% growth in net sales to Rs 2541.16 crore in Q2 June 2016 over Q2 June 2015.

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

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Delta Corp strikes 52-week high after multiple bulk deals
Aug 03,2016

Bulk deals boosted volume on the scrip. A bulk deal of 3.42 lakh shares was executed on the Delta Corp scrip at Rs 109.55 per share at 10:29 IST on BSE today, 3 August 2016. Another bulk deal of 2.40 lakh shares was executed on the scrip at Rs 109.50 per share at 10:30 IST on BSE today, 3 August 2016. Another bulk deal of 1.02 lakh shares was executed on the scrip at Rs 109.35 per share at 10:31 IST on BSE today, 3 August 2016.

Meanwhile, the S&P BSE Sensex was down 234.77 points, or 0.84%, to 27,746.94

On BSE, so far 34.44 lakh shares were traded in the counter, compared with an average daily volume of 4.50 lakh shares in the past one quarter. The stock hit a high of Rs 112.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 99.60 so far during the day. 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 2 August 2016, rising 5.63% compared with 3.08% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 24.17% as against Sensexs 10% rise.

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

Shares of Delta Corp had gained 1.69% to settle at Rs 99.40 yesterday, 2 August 2016 after the company reported consolidated net profit of Rs 20.08 crore in Q1 June 2016 as compared with net loss of Rs 1 crore in Q1 June 2015. Total income rose 39.3% to Rs 114.10 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Monday, 1 August 2016.

Delta Corp had attributed the strong Q1 June 2016 results to better targeted marketing and getting on board the right customers, resulting in a stable income flow; increasing customer numbers and Goa, where the bulk of the companys operations lie, has become a year-round destination rather than seasonal. This has boosted revenues and positively impacted profitability, Delta Corp said.

Delta Corp is the largest and only listed company in the gaming and hospitality segment in India. It holds three of the six issued offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa n++ Deltin Suites, Deltin Palms and Villa Marina by Deltin.

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Delta Corp vaults to 52-week high after bulk deals
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 234.77 points, or 0.84%, to 27,746.94

A bulk deal of 3.42 lakh shares was executed on the Delta Corp scrip at Rs 109.55 per share at 10:29 IST on BSE. Another bulk deal of 2.40 lakh shares was executed on the scrip at Rs 109.50 per share at 10:30 IST on BSE. One more bulk deal of 1.02 lakh shares was executed on the scrip at Rs 109.35 per share at 10:31 IST.

Bulk deals boosted volume on the scrip. On BSE, so far 34.44 lakh shares were traded in the counter, compared with an average daily volume of 4.50 lakh shares in the past one quarter. The stock hit a high of Rs 112.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 99.60 so far during the day. 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 2 August 2016, rising 5.63% compared with 3.08% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 24.17% as against Sensexs 10% rise.

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

Shares of Delta Corp had gained 1.69% to settle at Rs 99.40 yesterday, 2 August 2016, after the company announced turnaround Q1 June 2016 results. Based on consolidated financial performance, Delta Corp reported net profit of Rs 20.08 crore in Q1 June 2016 compared with net loss of Rs 1 crore in Q1 June 2015. Total income rose 39.3% to Rs 114.10 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on 1 August 2016.

Delta Corp attributed the strong Q1 June 2016 results to targeted marketing, increasing customer numbers and getting on board the right customers for stable income flow. The company also said in a Q1 results press release that Goa, where the bulk of the companys gaming operations lie, has become a year-round destination rather than seasonal destination.

Delta Corp holds three offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa n++ Deltin Suites, Deltin Palms and Villa Marina by Deltin.

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Delta Corp strikes 52-week high after turnaround Q1 outcome
Aug 03,2016

Meanwhile, the S&P BSE Sensex was down 234.77 points, or 0.84%, to 27,746.94

On BSE, so far 34.44 lakh shares were traded in the counter, compared with an average daily volume of 4.50 lakh shares in the past one quarter. The stock hit a high of Rs 112.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 99.60 so far during the day. 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 2 August 2016, rising 5.63% compared with 3.08% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 24.17% as against Sensexs 10% rise.

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

Shares of Delta Corp had gained 1.69% to settle at Rs 99.40 yesterday, 2 August 2016 after the company reported consolidated net profit of Rs 20.08 crore in Q1 June 2016 as compared with net loss of Rs 1 crore in Q1 June 2015. Total income rose 39.3% to Rs 114.10 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Monday, 1 August 2016.

Delta Corp had attributed the strong Q1 June 2016 results to better targeted marketing and getting on board the right customers, resulting in a stable income flow; increasing customer numbers and Goa, where the bulk of the companys operations lie, has become a year-round destination rather than seasonal. This has boosted revenues and positively impacted profitability, Delta Corp said.

Delta Corp is the largest and only listed company in the gaming and hospitality segment in India. It holds three of the six issued offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa n++ Deltin Suites, Deltin Palms and Villa Marina by Deltin.

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