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Bharti Airtel gains after reporting Q1 results
Jul 28,2016

The result was announced after market hours yesterday, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 101.26 points or 0.36% at 28,125.59.

On BSE, so far 86,960 shares were traded in the counter as against average daily volume of 3.43 lakh shares in the past one quarter. The stock hit a high of Rs 383.40 and a low of Rs 374.90 so far during the day.

Bharti Airtels consolidated revenues grew 8.4% to Rs 25546 crore in Q1 June 2016 over Q1 June 2015 on an underlying basis, adjusted for Africa divested operating unit and tower assets sale.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.4% to Rs 9591 crore in Q1 June 2016 over Q1 June 2015. The EBITDA margin edged up to 37.5% in Q1 June 2016 from 34.8% in Q1 June 2015.

The company has adopted Indian Accounting Standards (Ind-AS) for its consolidated results effective 1 April 2016 with periods reinstated for like to like comparison.

Consolidated mobile data revenues grew by 34.1% to Rs 4640 crore in Q1 June 2016 over Q1 June 2015.

India revenues grew by 10.3% to Rs 19155 crore in Q1 June 2016 over Q1 June 2015. This was led by healthy growth of 9.1% in Mobile, 11.0% in Homes, 22.2% in Digital TV and 10.4% in Airtel Business on year-on-year (Y-o-Y) basis.

The company has realigned its India segment reporting in line with management reorganisation. Consequently, Airtel Business also now includes the erstwhile Corporate fixed line voice and fixed line data business which was hitherto reported with Telemedia segment. Mobile data revenues cross Rs 3500 crore and at Rs 3525 crore grew by 35.1% in Q1 June 2016 over Q1 June 2015, led by increase in the data customer base by 19.1% and traffic by 54.9%. Mobile broadband customers increased by 68.3% to 36.6 million from 21.7 million in the corresponding quarter last year. Data average revenue per user (ARPU) has moved up by Rs 21 Y-o-Y to Rs 202 in Q1 June 2016, led by 28.1% increase in usage per customer. Mobile Data revenues now contribute to 23.7% of Mobile India revenues vis-n++-vis 19.2% in the corresponding quarter last year.

Over the past 24 months, Bharti Airtel has undertaken tower assets sales in 11 countries, with 9 closed and settled and 2 to be closed shortly and divested 2 country telecom operations (Burkina Faso and Sierra Leone) - for a sum total consideration of $3.25 billion. All the sale proceeds/agreements are denominated in US dollars or Euro and have helped in deleveraging such that acquisition bank debt in Airtel Netherlands is zero as on date. These proceeds have also helped in reducing foreign exchange risk as well as ongoing tower capex and management, thereby allowing a much sharper focus on customer centric activities in the market.

Bharti Airtel ranks amongst the top three mobile service providers globally in terms of subscribers. The company has its operations in 20 countries across Asia and Africa.

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Shriram Transport Finance gains after announcing good Q1 results
Jul 27,2016

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

Meanwhile, the BSE Sensex was up 64.33 points, or 0.23% to 28,040.85.

On BSE, so far 1.15 lakh shares were traded in the counter, compared with an average volume of 35,000 shares in the past two weeks. The stock hit high of Rs 1,265.95 and low of Rs 1,205.

Shriram Transport Finance Companys net interest income rose 18.53% to Rs 1346.10 crore in Q1 June 2016 over Q1 June 2015. Total Assets under Management as on 30 June 2016 stands at Rs 74808.46 crore as compared to Rs 60531.72 as on 30 June 2015.

Shriram Transport Finance Company is the largest asset financing NBFC. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks.

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

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

Meanwhile, the BSE Sensex was up 58.79 points, or 0.21%, to 28,035.31

On BSE, so far 1.47 lakh shares were traded in the counter, compared with an average volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 1,398 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 1,371.50 so far during the day. The stock hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had outperformed the market over the past one month till 26 July 2016, rising 11.76% compared with 5.98% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 21.26% as against Sensexs 7.57% rise.

The large-cap company has an equity capital of Rs 316.41 crore. Face value per share is Rs 2.

Housing Development Finance Corporation (HDFC)s loan book increased to Rs 2.65 lakh crore as on 30 June 2016, from Rs 2.31 lakh crore as on 30 June 2015. This is after considering the loans sold during the preceding 12 months amounting to Rs 14011 crore. During Q1 June 2016, HDFC sold loans amounting to Rs 5108 crore of which Rs 3296 crore was sold to HDFC Bank and the balance to other banks.

There was a pre-tax gain of Rs 921.61 crore in Q1 June 2016 from sale of 12.33 crore shares of HDFC ERGO General Insurance Company to Ergo International AG.

HDFC made an additional one time provision of Rs 275 crore in Q1 June 2016 towards standard assets and other contingencies.

On consolidated basis, HDFCs net profit rose 26.88% to Rs 2796.92 crore on 18.67% growth in total income to Rs 13531.48 crore in Q1 June 2016 over Q1 June 2015.

HDFC said that the board of directors of the company at its meeting held on today, 27 July 2016, has granted its approval for issuance of Secured Redeemable Non-convertible Debentures (NCD) aggregating to Rs 35000 crore on a private placement basis under a Shelf Disclosure Document, in terms of the Sebi (Issue and Listing of Debt Securities) Regulations, 2008.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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Dabur India gains after announcing decent Q1 results
Jul 27,2016

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

Meanwhile, the S&P BSE Sensex was down 2.73 points or 0.01% at 27,973.79.

On BSE, so far 3.12 lakhs shares were traded in the counter as against average daily volume of 1.23 lakh shares in the past one quarter. The stock had hit high of Rs 310 and low of Rs 296.35 so far during the day. The stock had hit a record high of Rs 320.30 on 14 July 2016. The stock had hit a 52-week low of Rs 231.30 on 27 January 2016. The stock had underperformed the market over the past one month till 26 July 2016, falling 2.46% compared with 5.98% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 13.81% as against Sensexs 7.57% rise.

The large-cap company has equity capital of Rs 176.15 crore. Face value per share is Re 1.

Dabur India said that the business environment continued to remain challenging in Q1 June 2016 with demand further slowing down across key consumer product categories in India and geopolitical disturbances in some overseas markets.

Dabur India Chief Executive Officer Mr. Sunil Duggal said that despite challenging conditions in Q1 June 2016 such as to deal with a tough economic environment characterized by demand slowdown, intensifying competitive pressures and deteriorating geopolitical situation in select geographies like the Middle East and Africa, Dabur remained on a steady course and has reported profitable growth. The domestic FMCG business ended Q1 June 2016 with an underlying volume growth of 4.1% even in this tough environment,

The company is pursuing a prudent growth strategy and has taken steps to efficiently manage the emerging risks and challenges as well as protect turf in the face of intensifying competitive pressures. Despite a sharp fall in growth rates in most consumer products segments, Dabur continues to focus on brand-building while leveraging its strong herbal heritage and positioning as the Science-based Ayurveda specialist. This, the company feels that it will enable the company to consolidate market position as also pave the way for future growth, Mr. Duggal added.

Dabur is also focusing on aggressive expansion of its manufacturing capability and will be investing Rs 500 crore within the year ending 31 March 2017 (FY 2017) to establish new production units as also to expand its existing plants in India and abroad.

Dabur India is one of the largest FMCG companies in India. The company operates in key consumer products categories like hair care, oral care, health care, skin care, home care & foods.

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Maruti Suzuki gains after foraying into LCV segment with Super Carry
Jul 27,2016

The announcement was made during market hours today, 27 July 2016

Meanwhile, the BSE Sensex was down 29.55 points, or 0.11%, to 27,946.97

On BSE, so far 87,979 shares were traded in the counter, compared with an average volume of 74,904 shares in the past one quarter. The stock hit a high of Rs 4,625.55 and a low of Rs 4,512.80 so far during the day. 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 26 July 2016, rising 10.23% compared with 5.98% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 15.91% as against Sensexs 7.57% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Todays gains in Maruti Suzuki India scrip were also triggered by the Japanese yen weakening against the dollar on expectations of further easing of monetary policy from the Bank of Japan (BOJ) later this week. A weak yen lifts Marutis operating profit margin. Maruti pays royalty to its Japanese parent Suzuki Motor Corporation in yen terms for some of its earlier models. Maruti has reportedly started paying royalty to its Japanese parent in rupee terms on all new models from 1 April 2016. Maruti also has an exposure to the yen to the extent it imports raw materials from Japan.

Maruti Suzuki India today, 27 July 2016 announced that it will start sales of its first Light Commercial Vehicle (LCV) - Super Carry towards the end of August. Initially the vehicle will be sold in three cities - Ahmedabad, Kolkata and Ludhiana. With Super Carry, Maruti Suzuki India marks its entry into the Light Commercial Vehicle (LCV) segment. The company has invested about Rs 300 crore towards the development of Super Carry. Super Carry is pried at Rs 4.03 lakh (ex-showroom) in Ahmedabad, Rs 4.11 lakh (ex-showroom) in Kolkata and Rs 4.01 lakh (ex-showroom) in Ludhiana.

Super Carry is high on performance and strength, comes with bigger loading area and better safety features. It comes with Maruti Suzuki Indias reliability and assurance of unmatched after-sales support.

R.S Kalsi, Executive Director (Marketing & Sales), Maruti Suzuki India said that Super Carry offers best of both the worlds -power and strength as well as carrying capacity. Super Carry will be retailed through a dedicated commercial sales channel. Super Carry will be available in diesel fuel option and comes in two widely preferred colours: superior white and silky silver.

Maruti Suzuki Indias net profit rose 23% to Rs 1486.20 crore on 13.5% rise in total income to Rs 15410.60 crore in Q1 June 2016 over Q1 June 2015. The result was announced during market hours yesterday, 26 July 2016. Shares of Maruti Suzuki India fell 1.44% to settle at Rs 4,485.25 yesterday, 26 July 2016.

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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Orissa Minerals Development surges after govt allots coal block in Odisha
Jul 27,2016

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

Meanwhile, the S&P BSE Sensex was down 16.41 points or 0.06% at 27,960.11.

High volumes were witnessed on the counter. On BSE, 31,828 shares were traded in the counter as against an average daily volume of 3,134 shares in the past one quarter. The stock hit high of Rs 2,429 and low of Rs 2,054.90 so far during the day. The stock had hit a 52-week high of Rs 3,040 on 3 August 2015. The stock had hit a 52-week low of Rs 1,370 on 22 February 2016. The stock had underperformed the market over the past one month till 26 July 2016, rising 0.9% compared with 5.98% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 0.1% as against Sensexs 7.57% rise.

The mid-cap company has equity capital of Rs 0.60 crore. Face value per share is Rs 10.

Orissa Minerals Development Company said that the company received the letter from the Government of India, Ministry of Coal dated 21 July 2016 saying that the Competent Authority has approved allotment of Brahmani coal block located in Odisha to the company for commercial mining. The company had won the block in competitive bidding of coal mines in 2012.

Orissa Minerals Development Company (OMDC) reported net loss of Rs 0.79 crore in Q4 March 2016 compared with net profit of Rs 3.25 crore in Q4 March 2015. Total income dropped 16% to Rs 15.44 crore in Q4 March 2016 over Q4 March 2015.

State-run OMDC was incorporated in the year 1918. Its mines are located around Barbil in Keonjhar District of Odisha. It is one of the oldest iron ore mining companies in India. Eastern Investments Limited, the governments bird company holds 50.02% stake in OMDC (as per the shareholding pattern as on 30 June 2016).

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Bajaj Auto slips in volatile trade after declaring muted Q1 operating margin
Jul 27,2016

Meanwhile, the BSE Sensex was down 39.02 points, or 0.14%, to 27,937.50

On BSE, so far 91,156 shares were traded in the counter, compared with an average daily volume of 23,104 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.01% at the days high of Rs 2,724 so far during the day. The stock fell as much as 1.69% at the days low of Rs 2,625 so far during the day. The stock hit a record high of Rs 2,801.05 on 21 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had underperformed the market over the past one month till 26 July 2016, falling 0.33% compared with 5.98% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 4.73% as against Sensexs 7.57% rise.

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

Bajaj Autos consolidated net profit rose 13.77% to Rs 1039.70 crore on 4.22% increase in total income to Rs 6355.84 crore in Q1 June 2016 over Q1 June 2015. The results are as per Indian Accounting Standards. The company announced Q1 result during trading hours today, 27 July 2016.

Bajaj Autos operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 3.02% to Rs 1227 crore in Q1 June 2016 over Q1 June 2015. Operating EBITDA margin stood at 21.2% in Q1 June 2016 compared with 21.1% in Q1 June 2015.

Bajaj Auto said in a statement that the company continues to witness headwinds in exports markets viz. Nigeria and Egypt. The company said its exports have been adversely impacted by external factors viz. non availability of foreign currency and depreciation of the local currency.

Total sales fell 2% to 9.94 lakh units 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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Bajaj Auto slips in volatile trade after declaring Q1 result
Jul 27,2016

The results are as per Indian Accounting Standards. The company announced Q1 result during trading hours today, 27 July 2016.

Meanwhile, the BSE Sensex was down 39.02 points, or 0.14%, to 27,937.50

On BSE, so far 91,156 shares were traded in the counter, compared with an average daily volume of 23,104 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.01% at the days high of Rs 2,724 so far during the day. The stock fell as much as 1.69% at the days low of Rs 2,625 so far during the day. The stock hit a record high of Rs 2,801.05 on 21 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had underperformed the market over the past one month till 26 July 2016, falling 0.33% compared with 5.98% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 4.73% as against Sensexs 7.57% rise.

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

Bajaj Autos operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 3.02% to Rs 1227 crore in Q1 June 2016 over Q1 June 2015. Operating EBITDA margin stood at 21.2% in Q1 June 2016 compared with 21.1% in Q1 June 2015.

Bajaj Auto said in a statement that the company continues to witness headwinds in exports markets viz. Nigeria and Egypt. The company said its exports have been adversely impacted by external factors viz. non availability of foreign currency and depreciation of the local currency.

Total sales fell 2% to 9.94 lakh units 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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Volumes jump at Claris Lifesciences counter
Jul 27,2016

Claris Lifesciences clocked volume of 65.84 lakh shares by 13:35 IST on BSE, a 51.63-times surge over two-week average daily volume of 1.28 lakh shares. The stock declined 3.16% at Rs 238.80.

Orissa Minerals Development Company notched up volume of 30,000 shares, a 17.34-fold surge over two-week average daily volume of 2,000 shares. The stock jumped 15.35% at Rs 2,363.

ADF Foods saw volume of 5.08 lakh shares, a 11.79-fold surge over two-week average daily volume of 43,000 shares. The stock surged 14.43% at Rs 110.65.

Nahar Industrial Enterprises saw volume of 4.41 lakh shares, a 11.33-fold rise over two-week average daily volume of 39,000 shares. The stock rose 9.95% at Rs 121.

Media Matrix Worldwide clocked volume of 63.57 lakh shares, a 10.83-fold surge over two-week average daily volume of 5.87 lakh shares. The stock rose 1.47% at Rs 9.

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Bajaj Auto inches up in volatile trade after declaring Q1 result
Jul 27,2016

The company announced Q1 result during trading hours today, 27 July 2016.

Meanwhile, the BSE Sensex was up 25.46 points, or 0.09%, to 28,001.98

On BSE, so far 83,500 shares were traded in the counter, compared with an average daily volume of 23,104 shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 2,724 and a low of Rs 2,625 so far during the day. The stock hit a record high of Rs 2,801.05 on 21 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had underperformed the market over the past one month till 26 July 2016, falling 0.33% compared with 5.98% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 4.73% as against Sensexs 7.57% rise.

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

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

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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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