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Tata Power Company gains as generation capacity rises in Q1
Aug 24,2016

The announcement was made during market hours today, 24 August 2016.

Meanwhile, the S&P BSE Sensex was up 84.32 points, or 0.3%, to 28,074.53

On BSE, so far 6.96 lakh shares were traded in the counter, compared with average daily volume of 4.92 lakh shares in the past one quarter. The stock hit a high of Rs 76.45 and a low of Rs 74 so far during the day. The stock had hit 52-week high of Rs 79.20 on 22 August 2016. The stock had hit 52-week low of Rs 55 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 3.89% compared with Sensexs 0.37% fall. The scrip, however, underperformed the market in past one quarter, underperforming 2.26% as against Sensexs 8.15% rise.

The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Re 1.

Tata Power Companys standalone generation stood at 3,163 million units (MUs) in Q1 June 2016. Total consolidated generation stood at 11,122 MUs in Q1 June 2016. The company has a significant presence in the clean energy space with a gross installed capacity of 1,996 MW.

Shares of Tata Power Company dropped 3.24% to Rs 74.75 after the company announced weak Q1 result during trading hours yesterday, 23 August 2016. Tata Power Companys consolidated net profit fell 76.09% to Rs 72.49 crore on 7.14% decline in total income to Rs 6790.58 crore in Q1 June 2016 over Q1 June 2015.

Tata Power Company is Indias largest integrated power company with a growing international presence. The company has presence in all the segments of the power sector viz. fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.

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Strides Shasun gains amid high volumes after receiving USFDA approval for drug
Aug 24,2016

The announcement was made during market hours today, 24 August 2016.

Meanwhile, the S&P BSE Sensex was down 18.75 points or 0.07% at 27,971.46.

High volumes were witnessed on the counter. On BSE, so far 5.12 lakh shares were traded in the counter as against average daily volume of 39,803 shares in the past one quarter. The stock hit a high of Rs 981 and a low of Rs 957 so far during the day. The stock had hit record high of Rs 1,412.45 on 23 November 2015. The stock had hit a 52-week low of Rs 848 on 29 February 2016. The stock had underperformed the market over the past one month till 23 August 2016, sliding 18.05% compared with 0.67% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.37% as against Sensexs 10.94% rise.

The large-cap company has an equity capital of Rs 89.37 crore. Face value per share is Rs 10.

Ranitidine Tablets USP, 150 mg and 300 mg is the first integrated product approval where the active pharmaceutical ingredients (API) and formulations will be manufactured at erstwhile Shashun Pharmaceuticals Cuddalore and Pondicherry facilities respectively. It may be recalled that Strides Arcolab had announced acquisition of Shasun Pharma on 29 September 2014 and the merged companys name was later changed to Strides Shasun.

According to IMS June 2016 data, annual sales for Ranitidine Tables USP, 150 mg and 300 mg is around $125 million in US market. The product will be launched and marketed immediately by Strides Pharma Inc. in the US market.

Strides Shasuns consolidated net profit rose 145.2% to Rs 26.04 crore on 44.6% rise in net sales to Rs 844.62 crore in Q1 June 2016 over Q1 June 2015.

Strides Shasun is a vertically integrated global pharmaceutical company headquartered in Bangalore. The company has four business verticals, viz., regulated markets, emerging markets, institutional business and pharmaceutical services & active ingredients.

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DHFL advances after bulk deal
Aug 24,2016

Meanwhile, the S&P BSE Sensex was up 17.31 points, or 0.06%, to 28,007.52

Bulk deal boosted volume on the scrip. On BSE, so far 13.33 lakh shares were traded in the counter, compared with average daily volume of 2.45 lakh shares in the past one quarter. The stock hit a high of Rs 279.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 270 so far during the day. The stock hit a 52-week low of Rs 140.55 on 12 February 2016.

The mid-cap company has an equity capital of Rs 291.80 crore. Face value per share is Rs 10.

Dewan Housing Finance Corporation (DHFL)s net profit rose 16.23% to Rs 201.40 crore on 18.52% rise in total income to Rs 1,959.32 crore in Q1 June 2016 over Q1 June 2015.

DHFL provides loans for purchase or construction of residential houses.

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Majesco spurts after announcing strategic partnership with Elafris
Aug 24,2016

The announcement was made after market hours yesterday, 23 August 2016.

Meanwhile, the S&P BSE Sensex was up 7.78 points or 0.03% at 27,997.99On BSE, so far 1.71 lakh shares were traded in the counter as against average daily volume of 21,053 shares in the past one quarter. The stock hit a high of Rs 543.50 and a low of Rs 496 so far during the day. The stock had hit a record high of Rs 789 on 12 January 2016. The stock had hit a record low of Rs 288.60 on 10 September 2015. The stock had underperformed the market over the past 30 days till 23 August 2016, falling 14.02% compared with Sensexs 0.37% fall. The scrip had also underperformed the market in past one quarter, underperforming 14.85% as against Sensexs 8.15% rise.

The small-cap company has equity capital of Rs 11.62 crore. Face value per share is Rs 5.

Majesco and Elafris, Inc., a supplier of an artificial intelligence powered chatbot messaging platform, yesterday, 23 August 2016 announced that Elafris has joined the Majesco Partner EcoSystemn++n++to enhance insurers customer communication and payment experience.n++As part of the partnership, the two companies will work together to seamlessly pre-integrate Majesco CloudInsurer via the Majesco DigitalConnect platform with Elafris to provide best-in-class communication and engagement experience for insurance companies, Majesco said. The integration will support a range of customer engagement and communication using customers social network channels for insurance related transactions including issue of auto insurance ID cards, policy payment, service inquiries and more, the company said.Jake Diner, CEO and Founder of Elafris said that chatbots and messengers are the way of the future. The company is dedicated to help the insurance industry leverage this innovative technology and capability to meet the changing customer demographics and expectations, Diner said.

Majesco reported consolidated net loss of Rs 1.97 crore in Q4 March 2016 compared with net profit of Rs 7.92 crore in Q3 December 2015. Total income rose 12.38% to Rs 223.81 crore in Q4 March 2016 over Q3 December 2015.

Majesco enables insurance business transformation for about 150 insurance customers worldwide by providing solutions which include software, consulting and services.

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Volumes jump at Cholamandalam Investment and Finance Company counter
Aug 24,2016

Cholamandalam Investment and Finance Company clocked volume of 3.33 lakh shares by 13:30 IST on BSE, a 16.22-times surge over two-week average daily volume of 21,000 shares. The stock rose 0.51% at Rs 1,094.

Engineers India notched up volume of 8.61 lakh shares, a 8.62-fold surge over two-week average daily volume of 1 lakh shares. The stock surged 7.73% at Rs 249.60 after net profit rose 50.06% to Rs 80.3 crore on 11.73% drop in total income to Rs 396.40 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 23 August 2016.

Strides Shasun saw volume of 5.12 lakh shares, a 7.91-fold surge over two-week average daily volume of 65,000 shares. The stock gained 0.98% at Rs 966.95.

8K Miles Software Solutions clocked volume of 59,000 shares, a 6.77-fold surge over two-week average daily volume of 9,000 shares. The stock declined 0.65% at Rs 2,150.

Eveready Industries saw volume of 4.22 lakh shares, a 6.2-fold rise over two-week average daily volume of 68,000 shares. The stock gained 1.43% at Rs 273.35.

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Engineers India gains after posting good Q1 results
Aug 24,2016

The result was announced after market hours yesterday, 23 August 2016.

Meanwhile, the S&P BSE Sensex was down 9.85 points or 0.04% at 27,980.36.

More than usual volumes were witnessed on the counter. On BSE, 4.44 lakh shares were traded in the counter as against average daily volume of 1.05 lakhs shares in the past one quarter. The stock hit a high of Rs 245.20 and low of Rs 238.05 so far during the day. The stock had hit a 52-week high of Rs 252 on 1 January 2016. The stock had hit a 52-week low of Rs 143.25 on 17 February 2016. The stock had outperformed the market over the past one month till 23 August 2016, gaining 2.89% compared with 0.67% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.57% as against Sensexs 10.94% rise.

The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.

State-run Engineers India provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The government of India holds 59.37% in Engineers India (as per shareholding pattern as on 30 June 2016).

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IOCL gains as board to consider issue of bonus shares
Aug 24,2016

The announcement was made during market hours today, 24 August 2016.

Meanwhile, the S&P BSE Sensex was down 25.01 points or 0.09% at 27,965.20

On BSE, so far 4.94 lakh shares were traded in the counter as against average daily volume of 2.77 lakh shares in the past one quarter. The stock hit a high of Rs 569.70 and a low of Rs 543 so far during the day. The stock had hit a record high of Rs 593.25 on 8 August 2016. The stock had hit a 52-week low of Rs 345.05 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 1.17% compared with Sensexs 0.37% fall. The scrip had also outperformed the market in past one quarter, gaining 35.22% as against Sensexs 8.15% rise.

The large-cap company has equity capital of Rs 2427.95 crore. Face value per share is Rs 10.

Indian Oil Corporation (IOCL) announces its Q1 June 2016 results on 29 August 2016. The companys net profit dropped 80.34% to Rs 1235.64 crore on 14.8% fall in total income to Rs 81,106.96 crore in Q4 March 2016 over Q4 March 2015.

IOCL is Indias flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals. The Government of India held 58.28% stake in IOCL (as per the shareholding pattern as on 30 June 2016).

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Jai Corp drops after reporting weak Q1 results
Aug 24,2016

The result was announced after market hours yesterday, 23 August 2016.

Meanwhile, the S&P BSE Sensex was up 30.09 points or 0.11% at 28,020.30.

On BSE, 2.52 lakh shares were traded in the counter as against average daily volume of 3.28 lakh shares in the past one quarter. The stock hit a high of Rs 77.30 and a low of Rs 73.40 so far during the day. The stock had hit a 52-week high of Rs 94.40 on 5 January 2016. The stock had hit a 52-week low of Rs 44.75 on 25 August 2015. The stock had underperformed the market over the past one month till 23 August 2016, dropping 2.33% compared with 0.67% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 13.89% as against Sensexs 10.94% rise.

The mid-cap company has equity capital of Rs 17.84 crore. Face value per share is Re 1.

Jai Corp was incorporated in 1985. It has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate.

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Infosys gains on reports of likely win of about $60 million GST project
Aug 24,2016

Meanwhile, the S&P BSE Sensex was up 50.79 points or 0.18% at 28,041

On BSE, so far 95,000 shares were traded in the counter as against average daily volume of 2.81 lakh shares in the past one quarter. The stock hit a high of Rs 1,060 and a low of Rs 1,045 so far during the day. The stock had hit a 52-week low of Rs 1,009.20 on 22 August 2016. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock had underperformed the market over the past 30 days till 23 August 2016, falling 3.82% compared with Sensexs 0.37% fall. The scrip had also underperformed the market in past one quarter, sliding 14.03% as against Sensexs 8.15% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

As per reports, Infosys may get about $60 million (Rs 400 crore) in incremental revenue over the third and fourth quarters of the current financial year (FY 2017) as part of the Rs 1380 crore Goods Services and Tax Network (GSTN) project. Under the ongoing GSTN project, Infosys has started importing hardware, including servers and network equipment devices, payment for which will be made by GSTN starting October this year, reports suggested.

On a consolidated basis, Infosys net profit fell 4.5% to Rs 3436 crore on 1.4% growth in revenue to Rs 16782 crore in Q1 June 2016 over Q4 March 2016. The results are as per International Financial Reporting Standards (IFRS).

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Infosys gains on reports of boost to revenue from GST project
Aug 24,2016

Meanwhile, the S&P BSE Sensex was up 50.79 points or 0.18% at 28,041

On BSE, so far 95,000 shares were traded in the counter as against average daily volume of 2.81 lakh shares in the past one quarter. The stock hit a high of Rs 1,060 and a low of Rs 1,045 so far during the day. The stock had hit a 52-week low of Rs 1,009.20 on 22 August 2016. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock had underperformed the market over the past 30 days till 23 August 2016, falling 3.82% compared with Sensexs 0.37% fall. The scrip had also underperformed the market in past one quarter, sliding 14.03% as against Sensexs 8.15% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

As per reports, Infosys may get about $60 million (Rs 400 crore) in incremental revenue over the third and fourth quarters of the current financial year (FY 2017) as part of the Rs 1380 crore Goods Services and Tax Network (GSTN) project. Under the ongoing GSTN project, Infosys has started importing hardware, including servers and network equipment devices, payment for which will be made by GSTN starting October this year, reports suggested.

On a consolidated basis, Infosys net profit fell 4.5% to Rs 3436 crore on 1.4% growth in revenue to Rs 16782 crore in Q1 June 2016 over Q4 March 2016. The results are as per International Financial Reporting Standards (IFRS).

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Welspun India extends losses on fallout of cheap cotton supply controversy
Aug 24,2016

Meanwhile, the S&P BSE Sensex was up 36.23 points or 0.13% at 28,026.44.

On BSE, so far 1.43 lakh shares were traded in the counter as against average daily volume of 1.37 lakh shares in the past one quarter. The stock was locked at Rs 59.30 so far during the day, which is also a 52-week low for the stock. The stock had hit a record high of Rs 119.90 on 14 June 2016. The stock had underperformed the market over the past one month till 23 August 2016, dropping 38.4% compared with 0.67% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 33.98% as against Sensexs 10.94% rise.

The mid-cap company has equity capital of Rs 100.47 crore. Face value per share is Rs 1.

As per reports, Wal-Mart Stores Inc., the worlds largest retailer, said it is reviewing Welspun Indias cotton certification records following Target Corp.s decision to snap ties with the Indian textile maker over a cotton supply dispute. Walmart is Welspuns third-largest customer, behind Target. Target Corporation, one of Welspuns biggest clients, severed business ties with it earlier this week on charges that Welspun used cheaper quality cotton while supplying bed sheets between August 2014 and July 2016 without Target having any knowledge of this substitution. Target had pulled sheets and pillowcases off its shelves after discovering they were mislabeled as Egyptian cotton after a probe was initiated by it. Shares of Welspun India had hit 20% lower circuit in last two sessions following Targets announcement on Friday, 19 August 2016 of snapping ties with the company after violation of Targets code of conduct and standards of vendor engagement.

As per separate report, J. C. Penney Company, Inc. is also investigating Welspuns products after the issue.

Welspun India in a statement on Saturday, 20 August 2016 confirmed that it encountered a product specification issue with one client program of its subsidiary, Welspun Global Brands. Welspun India said that it has initiated immediate actions to investigate the root cause of the issue. The company at that time said it is appointing one of the Big Four external audit firms to audit its supply systems and processes. This is an issue of highest priority for the company and the company will take all necessary steps to address it, Welspun had said in a statement.

Welspun Indias consolidated net profit rose 10.3% to Rs 201.85 crore on 11.3% rise in net sales to Rs 1386.46 crore in Q1 June 2016 over Q1 June 2015.

Welspun India is the leading home fashions supplier in the USA and amongst the top 3 global manufacturers of bed and bath linen.

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Maruti Suzuki gains as yen weakens against dollar
Aug 24,2016

Meanwhile, the S&P BSE Sensex was up 42.04 points, or 0.15%, to 28,032.25

On BSE, so far 32,000 shares were traded in the counter, compared with average daily volume of 76,352 shares in the past one quarter. The stock hit a high of Rs 4,957 and a low of Rs 4,870 so far during the day. The stock hit a record high of Rs 5,037.90 on 2 August 2016. 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 30 days till 23 August 2016, rising 6.21% compared with Sensexs 0.37% fall. The scrip had also outperformed the market in past one quarter, gaining 19.23% as against Sensexs 8.15% rise.

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

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 Indias net profit rose 23.02% to Rs 1486.20 crore on 13.45% growth in total income to Rs 15410.60 crore in Q1 June 2016 over Q1 June 2015.

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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Jubilant Life Sciences gains after receiving USFDA approval for drug
Aug 24,2016

The announcement was made during market hours today, 24 August 2016.

Meanwhile, the BSE Sensex was up 30.13 points, or 0.12%, to 28,025.07.

On BSE, so far 92,217 shares were traded in the counter, compared with average daily volume of 1.61 lakh shares in the past one quarter. The stock hit a high of Rs 519.50 and a low of Rs 505.10 so far during the day. The stock hit a record high of Rs 522.50 on 19 August 2016. The stock hit a 52-week low of Rs 261 on 8 September 2015. The stock had outperformed the market over the past 30 days till 23 August 2016, surging 55.33% compared with 0.67% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 36.19% as against Sensexs 10.94% rise.

The mid-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

Jubilant Life Sciences announced that it has received final approval for abbreviated new drug application (ANDA) for Telmisartan Tablets, USP 20, 40 and 80mg, from United States Food & Drug Administration (USFDA). The drug is a generic version of Micardis Tablets of Boehringer Ingelheim Pharmaceuticals Inc., which is used for the treatment of hypertension.

As on 30 June 2016, Jubilant Life Sciences had a total of 770 filings for oral solids of which 578 have been approved in various regions globally. This includes 70 ANDAs filed in the US, of which 44 have been approved and 104 filings in Europe.

Jubilant Life Sciences consolidated net profit rose 22.5% to Rs 161.60 crore on 1.7% decline in net sales to Rs 1400.97 crore in Q1 June 2016 over Q1 June 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacture and supply of active pharmaceutical ingredients (APIs), solid dosage formulations, radiopharmaceuticals, allergy therapy products and life science ingredients. It also provides services in contract manufacturing of sterile injectables and drug discovery solutions. The companys strength lies in its unique offerings of pharmaceuticals and life sciences products and services across the value chain.

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eClerx Services advances as board to consider share buyback proposal
Aug 24,2016

The announcement was made after market hours yesterday, 23 August 2016.

Meanwhile, the S&P BSE Sensex was up 42.12 points or 0.15% at 28,032.33

On BSE, so far 1.30 lakh shares were traded in the counter as against average daily volume of 9,769 shares in the past one quarter. The stock hit a high of Rs 1,614 and a low of Rs 1,580 so far during the day. The stock had hit a record high of Rs 1,650 on 17 August 2016. The stock had hit a 52-week low of Rs 1,170 on 29 September 2015. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 3.43% compared with Sensexs 0.37% fall. The scrip had also outperformed the market in past one quarter, gaining 11.58% as against Sensexs 8.15% rise.

The mid-cap company has equity capital of Rs 40.85 crore. Face value per share is Rs 10.

eClerx Services will declare its Q1 June 2016 results on 29 August 2016. The companys consolidated net profit rose 22.14% to Rs 108.34 crore on 1.05% growth in total income to Rs 352.14 crore in Q4 March 2016 over Q3 December 2015.

eClerx Services is a leading knowledge process outsourcing (KPO) company providing middle/back office operations support to over 30 Fortune 500 companies. Its five delivery centers across India support a diverse global client base, including the worlds leading financial services, broadband, cable & telecom, ecommerce & retail, high tech, industrial manufacturing & distribution, software, media & entertainment and travel companies.

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Manpasand Beverages gains after setting-up new manufacturing facility
Aug 24,2016

The detailed press release was issued after market hours yesterday, 23 August 2016. The update about the facility was announced during market hours yesterday, 23 August 2016. The stock had declined 0.62% to Rs 722.45 yesterday, 23 August 2016.

Meanwhile, the BSE Sensex was up 36.89 points, or 0.13%, to 28,027.10.

On BSE, so far 509 shares were traded in the counter, compared with average daily volume of 54,478 shares in the past one quarter. The stock hit a high of Rs 739.10 and a low of Rs 727.20 so far during the day. The stock hit a record high of Rs 759 on 19 August 2016. The stock hit a 52-week low of Rs 369.30 on 26 August 2015. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 3.41% compared with 0.67% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 43.16% as against Sensexs 10.94% rise.

The mid-cap company has an equity capital of Rs 50.05 crore. Face value per share is Rs 10.

Located in Ambala, the new facility will contribute additional 45,000 to 50,000 cases per day to the companys existing capacity of 1.2 lakh-1.25 lakh cases per day. The existing capacity utilized by the company is between 50-55%. The total investment for this facility was around Rs 160 crore and has been financed though the initial public offer (IPO) proceeds. In 2015, Manpasand had raised Rs 400 crore through an IPO and one of the primary objectives of this was setting-up a manufacturing facility at Ambala in Haryana. With the Ambala facility in near operational phase, Manpasand now has five manufacturing facilities located in various parts of India. It has two manufacturing facilities at Vadodara in Gujarat, one in Varanasi, UP, one in Dehradun and the new one at Ambala in Haryana. The company said it is also planning to set up a new plant in South India in future.

The company proposes to focus on manufacturing its existing range of products such as Mango Sip, Fruits Up, carbonated drinks and other fruits drink products from this facility and will be positioned to serve the markets of North India as well as North Eastern India.

The other major initiative Manpasand has embarked upon was to tie up with organised retail players as well as various food and beverage outlets such as Metro Cash & Carry, Aditya Birla Retail, Havmor Ice Cream & Cafn++ Coffee Day, to name a few. Manpasand also became the only beverage company to tie up with global ice cream major Baskin Robbins in India. In the coming months, the company is going to forge more such alliances to increase its urban market penetration.

Manpasand Beverages net profit rose 82.5% to Rs 28.65 crore on 60.9% rise in net sales to Rs 228.96 crore in Q1 June 2016 over Q1 June 2015.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets. In addition, the company also sells fruit drink in apple flavor under the brand Apple Sip.

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