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MM Forgings drops after muted Q4 result
May 10,2016

The result was announced after market hours yesterday, 9 May 2016.

Meanwhile, the BSE Sensex was down 22.86 points, or 0.09% at 25,666

On BSE, so far 720 shares were traded in the counter as against an average daily volume of 1,222 shares in the past one quarter. The stock hit a high of Rs 465.50 and a low of Rs 450 so far during the day. The stock had hit a 52-week high of Rs 716.75 on 4 August 2015. The stock had hit a 52-week low of Rs 335.60 on 12 February 2016.

The small-cap company has an equity capital of Rs 12.07 crore. Face value per share is Rs 10.

MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 kilogram (Kg) to 60 Kg.

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JSW Steel slips on buzz of bidding for Tata Steels UK assets
May 10,2016

Meanwhile, the BSE Sensex was up 26.95 points, or 0.10%, to 25,715.81 .

On BSE, so far 26,000 shares were traded in the counter, compared with an average volume of 85,425 shares in the past one quarter. The stock hit a high of Rs 1,324.80 and a low of Rs 1,292 so far during the day. The stock hit a 52-week high of Rs 1,379 on 29 April 2016. The stock hit a 52-week low of Rs 801 on 28 July 2015. The stock had outperformed the market over the past one month till 9 May 2016, rising 4.20% compared with 4.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.35% as against Sensexs 6.94% rise.

The large-cap company has an equity capital of Rs 241.72 crore. Face value per share is Rs 10.

Tata Steel announced after trading hours yesterday, 9 May 2016, that it has accepted seven expressions of interest for the sale of its UK business. Tata Steel Europe has not disclosed details of bidders.On 11 April 2016, Tata Steel Europe announced that the company has commenced the formal process for the divestment of its entire holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided to sell its entire holding in Tata Steel UK due to the deteriorating financial performance of the UK subsidiary.

Shares of JSW Steel fell on concerns about the acquisition of the loss making business and possible increase in debt to finance the acquisition if it becomes a successful bidder.

On a consolidated basis, JSW Steel reported net loss of Rs 923.34 crore in Q3 December 2015 compared with net profit of Rs 328.94 crore in Q3 December 2014. Net sales dropped 33.3% to Rs 8621.49 crore in Q3 December 2015 over Q3 December 2014.

JSW Steel is Indias leading private sector steel producer. Its footprint extends to the US, South America and Africa.

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Deepak Nitrite gains after good Q4 result
May 10,2016

The result was announced after market hours yesterday, 9 May 2016.

Meanwhile, the BSE Sensex was down 27.41 points, or 0.11%, to 25,661.45

On BSE, so far 77,808 shares were traded in the counter, compared with an average volume of 30,350 shares in the past one quarter. The stock hit a high of Rs 75.50 and a low of Rs 71.40 so far during the day. The stock hit a 52-week high of Rs 79.90 on 23 December 2015. The stock hit a 52-week low of Rs 54.50 on 8 September 2015. The stock had outperformed the market over the past one month till 9 May 2016, gaining 4.18% compared with 4.11% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 15.62% as against Sensexs 6.94% rise.

The small-cap company has an equity capital of Rs 23.26 crore. Face value per share is Rs 2.

Deepak Nitrites earnings before interest, taxation, depreciation and amortization (EBITDA) improved by 24.9% to Rs 46.63 crore in Q4 March 2016 over Q4 March 2015. EBITDA margin increased by 250 basis points to 13.7% in Q4 March 2016 over Q4 March 2015 due to further improvement in product mix towards higher value products, strong growth in contribution of the fine and specialty chemicals segment and stable spreads in some of the key products in bulk chemicals and commodities segment. Cost management initiatives have also supported the improved profitability profile, Deepak Nitrite said.

Deepak Nitrite said that the outlook for the financial year ending 31 March 2017 (FY 2017) is promising, as the company continues to deliver value-led growth in all the three strategic business units of bulk chemicals and commodities, fine and speciality chemicals and fluorescent whitening agents. Stability in crude oil prices would further support this momentum, the company said.

Deepak Nitrite is a multi-division and multi-product chemicals manufacturing company with manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh.

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HUL gains on encouraging outlook
May 10,2016

Meanwhile, the BSE Sensex was down 34.29 points, or 0.13%, to 25,654.57.

On BSE, so far __ shares were traded in the counter, compared with an average volume of 1.19 lakh shares in the past one quarter. The stock hit a high of Rs 866.60 and a low of Rs 847 so far during the day. The stock hit a 52-week high of Rs 944 on 8 July 2015. The stock hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past one month till 9 May 2016, falling 0.46% compared with 4.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.36% as against Sensexs 6.94% rise.

The large-cap FMCG giant has an equity capital of Rs 216.39 crore. Face value per share is Re 1.

Hindustan Unilever (HUL)s Chief Financial Officer P.B. Balaji was quoted as saying after the announcement of the companys Q4 March 2016 results yesterday, 9 May 2016, that he expects a sequential improvement in the companys sales volume growth in Q1 June 2016. His comments came after the company reported a tepid volume growth in its domestic consumer business in Q4 March 2016. Volume growth stood at 4% on year-on-year basis in Q4 March 2016. Balaji was quoted as saying that the demand remains subdued, especially in rural areas, and a good monsoon would be a welcome tailwind. He also said that raw material prices are going up and HUL is considering options including price increases. The HUL stock shed 0.8% to settle at Rs 846.10 yesterday, 9 May 2016, after the companys tepid sales volume growth in Q4 March 2016 disappointed investors.

HULs net profit rose 7.02% to Rs 1089.59 crore on 3.26% growth in total income to Rs 8027.91 crore in Q4 March 2016 over Q4 March 2015. The growth in net profit in Q4 March 2016 was adversely impacted by base effect. HUL said it had booked higher exceptional income in Q4 March 2015 from the sale of subsidiary. Net profit before exceptional items rose 13% to Rs 1031 crore in Q4 March 2016 over Q4 March 2015. The result was announced during market hours today, 9 May 2016.

HUL said net sales of its domestic consumer business grew 3.6% on year on year basis in Q4 March 2016. The growth rate was adversely impacted due to phasing out of excise duty incentives, a one-time credit for excise duty refund in Q4 March 2015 and marginal price degrowth. Volume growth stood at 4% on year on year basis in Q4 March 2016.

HULs net profit fell 5.39% to Rs 4082.37 crore on 3.38% growth in total income to Rs 32487.80 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

HULs consolidated net profit fell 6.43% to Rs 4082.42 crore on 3.23% growth in total income to Rs 33591.04 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

The domestic consumer business grew by 4% with 6% underlying volume growth. Reported growth was impacted due to phasing out of excise duty incentives, HUL said. Profit before interest and tax (PBIT) grew by 10% with PBIT margin improving by 90 basis points. Profit after tax but before exceptional items, PAT (bei), grew by 6% to Rs 4078 crores. Net profit was at Rs 4082 crore, with the growth rate impacted by the higher exceptional income arising from subsidiary and property related sales in previous year, the company said. The strong track record of cash generation was sustained as cash from operations exceeding Rs 5000 crore for yet another year, it added.

HUL Chairman Harish Manwani commented that the company has delivered another year of competitive and profitable growth in challenging markets and a deflationary cost environment.

HUL is a leading fast moving consumer goods (FMCG) company.

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Hindalco falls as global aluminium prices decline
May 10,2016

Meanwhile, the BSE Sensex was down 64.43 points, or 0.25%, to 25,624.43

On BSE, so far 5.32 lakh shares were traded in the counter, compared with an average volume of 15.47 lakh shares in the past one quarter. The stock hit high of Rs 91.40 and low of Rs 89.30 so far during the day. The stock hit a 52-week high of Rs 145 on 11 May 2015. The stock hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 9 May 2016, gaining 4.33% compared with 4.11% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 31.02% as against Sensexs 6.94% rise.

The large-cap company has an equity capital of Rs 206.50 crore. Face value per share is Re 1.

Reports indicated that Chinas aluminium output increased to 84,500 tonnes per day in March, up from 71,400 tonnes per day in February. Aluminum prices have been on a sustained downtrend in the past few days. China is the worlds largest consumer of steel, copper and aluminum.

Hindalco Industries will declare its Q4 March 2016 results on 28 May 2016. The companys net profit fell 88.7% to Rs 40.46 crore on 5.3% decline in net sales to Rs 8021.23 crore in Q3 December 2015 over Q3 December 2014.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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Mangalore Chemicals slips after stopping urea production
May 10,2016

Meanwhile, the BSE Sensex was down 59.54 points, or 0.23%, to 25,629.32.

On BSE, so far 9,358 shares were traded in the counter, compared with an average volume of 16,569 shares in the past one quarter. The stock hit a high of Rs 42.60 and a low of Rs 40.80 so far during the day. The stock hit a 52-week high of Rs 79.50 on 14 May 2015. The stock hit a 52-week low of Rs 35.30 on 15 February 2016. The stock had underperformed the market over the past one month till 9 May 2016, falling 2.18% compared with 4.11% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.65% as against Sensexs 6.94% rise.

The small-cap company has an equity capital of Rs 118.52 crore. Face value per share is Rs 10.

On 27 April 2016, Mangalore Chemicals & Fertilizers announced that it initiated operation of ammonia and urea plants at reduced capacity due to acute water shortage in Dakshina Kannada district and Mangalore city.

The company, however, announced after market hours yesterday, 9 May 2016, that it stopped the urea production from 7 May 2016 due to non-availability of water. The production will resume once the water is available.

Mangalore Chemicals & Fertilizers reported net loss of Rs 5.79 crore in Q4 March 2016 as against net profit of Rs 34.06 crore in Q4 March 2015. Net sales rose 12.92% to Rs 752.34 crore in Q4 March 2016 over Q4 March 2015.

Mangalore Chemicals & Fertilizers is the largest manufacturer of chemicals fertilizers in Karnataka.

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Shakti Pumps (India) spurts after conversion of CCPS into equity shares
May 10,2016

The announcement was made after market hours yesterday, 9 May 2016.

Meanwhile, the S&P BSE Sensex was down 22.85 points or 0.09% at 25,666.01

On BSE, so far 46,468 shares were traded in the counter as against average daily volume of 26,695 shares in the past one quarter. The stock hit a high of Rs 179.40 and low of Rs 164.50 so far during the day. The stock hit a 52-week high of Rs 215 on 19 May 2015. The stock had hit a 52-week low of Rs 95 on 24 February 2016. The stock had underperformed the market over the past one month till 9 May 2016, sliding 4.56% compared with 4.11% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 25.86% as against Sensexs 6.94% rise.

The small-cap company has equity capital of Rs 16.74 crore. Face value per share is Rs 10.

Shakti Pumps (India)s board of directors at a meeting held yesterday, 9 May 2016, approved the conversion of 15 lakh compulsory convertible preference shares (CCPS) of Rs 100 each held by AFHoldings into 16.36 lakh ordinary equity shares of Rs 10 each, constituting 8.9% of the paid-up share capital of the company on fully diluted basis and ranking pari passu with the existing equity shares of the company.

Shakti Pumps (India) had reported net loss of Rs 4.20 crore in Q3 December 2015 as compared to net profit of Rs 7.65 crore in Q3 December 2014. Net sales fell 19.6% to Rs 67.11 crore in Q3 December 2015 over Q3 December 2014.

Shakti Pumps (India) is a manufacturer and exporter of stainless steel water pumps, motors and solar pumps.

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Ujjivan Financial Services sees good debut
May 10,2016

The stock debuted at Rs 227, a premium of 8.10% to the initial public offer (IPO) price. So far the stock hit a high of Rs 237 and low of Rs 217.05. On BSE, 34.90 lakh shares were traded on the counter.

The Reserve Bank of India (RBI) yesterday, 9 May 2016, notified that in view of listing of shares of the company, Ujjivan Financial Services on stock exchange, the aggregate investment ceiling for Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) investment under Portfolio Investment Scheme shall remain at 49%. RBI has further advised that the aggregate limit for NRI investment shall not exceed 10%. The total foreign investment from all sources i.e. FIIs/RFPI/Non Residential Indians (NRIs)/ American Depository Receipts (ADRs)/Global Depository Receipts (GDRs)/Foreign Direct Investment (FDI)/Person of Indian Origin (PIO) in the company shall not exceed 49%, RBI said.

The IPO of microfinance firm Ujjivan Financial Services ended on 2 May 2016. The IPO was subscribed 40.68 times and it received bids for a total of 120.68 crore shares, as per data from the National Stock Exchange (NSE) website. The qualified institutional buyers (QIBs) category was subscribed 33.84 times. The non-institutional investors category was subscribed 135.45 times. The retail individual investors (RIIs) category was subscribed 4.02 times.

The IPO comprised of fresh issue of shares up to Rs 358.16 crore and offer for sale of up to 2.49 crore shares by existing shareholders. The IPO opened for bidding on 28 April 2016.

Ujjivan Financial Services raised Rs 264.74 crore by selling 1.26 crore shares to anchor investors ahead of the opening of the companys IPO. The shares were allotted to the anchor investors at Rs 210 per share, the top end of the Rs 207 to Rs 210 per share price band for the IPO.

Among the selling shareholders, International Finance Corporation sold 30.60 lakh shares, Elevar Equity Mauritius sold 34.95 lakh shares, India Financial Inclusion Fund sold 17.54 lakh shares, Mauritius Unitus Corporation sold 25.23 lakh shares, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. sold 26.98 lakh shares, Sarva Capital LLC sold 29.35 lakh shares, WCP Holdings III sold 30.93 lakh shares and Womens World Banking Capital Partners, L.P. sold 54.06 lakh shares via the IPO.

Ujjivan Financial Services is transforming itself into a small finance bank (SFB). It is one amongst the 10 companies in India to receive in-principle approval from the RBI to set up a small finance bank. As per the regulatory requirements, the foreign shareholding in the company is to be brought down before it converts itself into a small finance bank. This is one of the reasons why existing foreign investors in the company are pruning their stake in Ujjivan Financial Services through the IPO.

The company proposes to utilise the proceeds from the fresh issue of shares for augmenting its capital base to meet future capital requirements. Ujjivan Financial Services is one of the leading microfinance companies in India. The companys business is primarily based on the joint liability group-lending model for providing collateral free, small ticket-size loans to economically active women. The company also gives individual loans to Micro & Small Enterprises. The companys operations are spread across 24 states and union territories and 209 districts across India.

The company reported net profit of Rs 122.30 crore on revenue from operations of Rs 713.20 crore for 9 months ended 31 December 2015. Net profit stood at Rs 75.78 crore on revenue from operations of Rs 599.31 crore for the year ended 31 March 2015.

The ratio of gross non-performing assets as a percentage of net assets under management (AUM) stood at 0.15% as on 31 December 2015. The net AUM is arrived at after deducting assets securitized/assigned from gross AUM. The ratio of net non-performing assets as a percentage of net AUM stood at 0.04% as on 31 December 2015.

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Datamatics Global Services jumps after consortium wins new order
May 10,2016

The announcement was made after market hours yesterday, 9 May 2016.

Meanwhile, the BSE Sensex was down 26.12 points, or 0.10%, to 25,662.74.

On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 12,987 shares in the past one quarter. The stock hit a high of Rs 55.90 and a low of Rs 53.70 so far during the day. The stock hit a 52-week high of Rs 77.75 on 6 January 2016. The stock hit a 52-week low of Rs 41.15 on 29 February 2016. The stock had underperformed the market over the past one month till 9 May 2016, sliding 4.29% compared with 4.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.52% as against Sensexs 6.94% rise.

The small-cap company has an equity capital of Rs 29.47 crore. Face value per share is Rs 5.

Datamatics Global Services (DGSL) announced that a consortium of the company and Mikroelektronika have won a contract to provide automatic fare collection (AFC) system for the North-South corridor (Phase IA) of the Lucknow Metro Rail project. The contract has been awarded to the consortium at about Rs 64 crore, DGSL said.

On a consolidated basis, Datamatics Global Services net profit rose 161.28% to Rs 11.81 crore on 0.55% increase in net sales to Rs 199.47 crore in Q3 December 2015 over Q2 September 2015.

Datamatics Global Services is a global provider of consulting, information technology (IT) and business process outsourcing (BPO) services.

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ALSTOM India drops after weak Q4 outcome
May 10,2016

The result was announced after market hours yesterday, 9 May 2016.

Meanwhile, the S&P BSE Sensex was down 33.11 points or 0.13% at 25,655.75

On BSE, so far 2,223 shares were traded in the counter as against average daily volume of 1,782 shares in the past one quarter.

The stock hit a high of Rs 600 and a low of Rs 580.40 so far during the day. The stock had hit a 52-week high of Rs 874 on 6 August 2015. The stock had hit a 52-week low of Rs 548 on 29 February 2016.

The mid-cap company has equity capital of Rs 67.23 crore. Face value per share is Rs 10.

ALSTOM India said that over the last 2-3 years the capital investments in the power sector, particularly in hydro and thermal have slowed down. In addition several projects in hydro and thermal sector are stalled due to external factors blocking companys financial resources and creating large work in progress. All these have led to lower sales and revenue generation impacting the companys financial performance over the last few quarters, ALSTOM India said. In the overall business interests of the company, it has been decided to right-size the scale of operations. This will lead to rationalizing the work force to match with the current backlog and operating levels, the company said. This rationalization is being carried on as part of the ongoing steps taken by the company to reduce the operating costs, improve the competitiveness and contain the operating losses. The cost of rationalization would be factored in the financials for the forthcoming quarters. The rationalization is not expected to disrupt or adversely affect the commercial production or operations of any unit or division of the company, it added.

The companys board of directors has not recommended any dividend for the year ended 31 March 2016.

ALSTOM India provides engineering, manufacturing, project management and supply of products and solutions for infrastructure sector.

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Tata Steel gains after UK business gets seven proposals
May 10,2016

The announcement was made after trading hours yesterday, 9 May 2016.

Meanwhile, the BSE Sensex was down 4.14 points, or 0.02%, to 25,684.72 .

On BSE, so far 1.10 lakh shares were traded in the counter, compared with an average volume of 12.11 lakh shares in the past one quarter. The stock hit a high of Rs 331.55 and a low of Rs 328.65 so far during the day. The stock hit a 52-week high of Rs 381.20 on 11 May 2015. The stock hit a 52-week low of Rs 200 on 29 September 2015. The stock had underperformed the market over the past one month till 9 May 2016, rising 2.11% compared with 4.11% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 39.69% as against Sensexs 6.94% rise.

The large-cap company has an equity capital of Rs 971.22 crore. Face value per share is Rs 10.

The board of Tata Steel Europe announced that seven expressions of interest submitted for Tata Steels UK business have been immediately taken forward to the next stage of the sale process. In addition, Tata Steel Europe is clarifying outstanding points with a number of other parties who have submitted an expression of interest. The remaining parties who submitted expressions of interest have been thanked for their participation in the process but informed that their expressions would not be taken forward currently. As previously announced it is Tata Steel Europes primary intention to assess expressions of interest for the whole of Tata Steels UK business. The seven expressions of interest being immediately taken forward are on this basis. Expressions of interest for parts of the UK business are not being taken forward at this point. In the next phase of the sales process the progressing interested parties will be given access to further business information and management team presentations in order for them to rapidly progress their interest to a binding stage.

Tata Steel Europe said on 20 April 2016 that it welcomes credible expressions of interest for Tata Steel UKs operations. The company issued the clarification after recent media reports suggesting a possible management buyout of Tata Steels Port Talbot manufacturing facilities in UK. Port Talbot is Tata Steels biggest UK plant with about 4,000 workers, according to reports. On 11 April 2016, Tata Steel Europe announced that the company has commenced the formal process for the divestment of its entire holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided to sell its entire holding in Tata Steel UK due to the deteriorating financial performance of the UK subsidiary.

On consolidated basis, Tata Steel reported net loss of Rs 2127.23 crore in Q3 December 2015 as against net profit of Rs 157.11 crore in Q3 December 2014. Net sales declined 16.5% to Rs 27818.73 crore in Q3 December 2015 over Q3 December 2014.

Tata Steel is Europes second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The combined Tata Steel group is one of the worlds largest steel producers, with a steel capacity of more than 28 million tonnes and 80,000 employees across five continents.

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HUL drops in volatile trade after reporting tepid volume growth in Q4
May 09,2016

Meanwhile, the S&P BSE Sensex was up 467.45 points or 1.85% at 25,695.95

On BSE, so far 3.92 lakh shares were traded on the counter as against average daily volume of 1.13 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 1.88% at the days high of Rs 869 so far during the day. The stock fell as much as 1.48% at the days low of Rs 840.25 so far during the day. The stock had hit a 52-week high of Rs 944 on 8 July 2015. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past one month till 6 May 2016, falling 2.14% compared with 1.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 0.95% as against Sensexs 2.48% rise.

The large-cap company has equity capital of Rs 216.39 crore. Face value per share is Re 1.

Hindustan Unilever (HUL)s net profit rose 7.02% to Rs 1089.59 crore on 3.26% growth in total income to Rs 8027.91 crore in Q4 March 2016 over Q4 March 2015. The growth in net profit in Q4 March 2016 was adversely impacted by base effect. HUL said it had booked higher exceptional income in Q4 March 2015 from the sale of subsidiary. Net profit before exceptional items rose 13% to Rs 1031 crore in Q4 March 2016 over Q4 March 2015. The result was announced during market hours today, 9 May 2016.

HUL said net sales of its domestic consumer business grew 3.6% on year on year basis in Q4 March 2016. The growth rate was adversely impacted due to phasing out of excise duty incentives, a one-time credit for excise duty refund in Q4 March 2015 and marginal price degrowth. Volume growth stood at 4% on year on year basis in Q4 March 2016.

HULs net profit fell 5.39% to Rs 4082.37 crore on 3.38% growth in total income to Rs 32487.80 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

HULs consolidated net profit fell 6.43% to Rs 4082.42 crore on 3.23% growth in total income to Rs 33591.04 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

The domestic consumer business grew by 4% with 6% underlying volume growth. Reported growth was impacted due to phasing out of excise duty incentives, HUL said. Profit before interest and tax (PBIT) grew by 10% with PBIT margin improving by 90 basis points. Profit after tax but before exceptional items, PAT (bei), grew by 6% to Rs 4078 crores. Net profit was at Rs 4082 crore, with the growth rate impacted by the higher exceptional income arising from subsidiary and property related sales in previous year, the company said. The strong track record of cash generation was sustained as cash from operations exceeding Rs 5000 crore for yet another year, it added.

HUL Chairman Harish Manwani commented that the company has delivered another year of competitive and profitable growth in challenging markets and a deflationary cost environment.

HUL is a leading fast moving consumer goods (FMCG) company.

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Tata Motors gains after good JLR sales
May 09,2016

Meanwhile, the BSE Sensex was up 462.99 points, or 1.84%, to 25,691.49 .

On BSE, so far 6.38 lakh shares were traded in the counter, compared with an average volume of 7.82 lakh shares in the past one quarter. The stock hit a high of Rs 405.25 and a low of Rs 395.55 so far during the day. The stock hit a 52-week high of Rs 530.95 on 11 May 2015. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 6 May 2016, rising 5.70% compared with 1.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.22% as against Sensexs 2.48% rise.

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

Jaguar Land Rover (JLR) said that it reported its best ever April retail sales. This is the companys fourth consecutive record-breaking month. The company sold over 2 lakh vehicles in the first four months of 2016, up 24% over the same period last year.

Retail sales for the month of April were up year-on-year across all regions. Sales in the UK rose 25% in April 2016 over April 2015. Sales in the China rose 11% in April 2016 over April 2015. Sales in the Europe rose 10% in April 2016 over April 2015. Sales in the North America rose 2% in April 2016 over April 2015. Sales in other overseas markets rose 5% in April 2016 over April 2015.

On consolidated basis, Tata Motors net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit Jaguar Land Rover sells premium luxury cars.

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HUL drops after declaring muted Q4 result
May 09,2016

The result was announced during market hours today, 9 May 2016.

Meanwhile, the S&P BSE Sensex was up 474.32 points or 1.88% at 25,702.82

On BSE, so far 3.06 lakh shares were traded on the counter as against average daily volume of 1.13 lakh shares in the past one quarter. The stock hit a high of Rs 869 and a low of Rs 840.25 so far during the day. The stock had hit a 52-week high of Rs 944 on 8 July 2015. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past one month till 6 May 2016, falling 2.14% compared with 1.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 0.95% as against Sensexs 2.48% rise.

The large-cap company has equity capital of Rs 216.39 crore. Face value per share is Re 1.

HUL is a leading fast moving consumer goods (FMCG) company.

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Greaves Cotton gains after robust Q4 result
May 09,2016

The result was announced after market hours on Friday, 6 May 2016.

Meanwhile, the BSE Sensex was up 461.50 points, or 1.83%, to 25,690

On BSE, so far 2.45 lakh shares were traded in the counter, compared with an average volume of 17,442 shares in the past one quarter.

The stock hit a high of Rs 136.50 and a low of Rs 132.05 so far during the day. The stock hit a 52-week high of Rs 162.40 on 20 November 2015. The stock hit a 52-week low of Rs 114.20 on 29 February 2016. The stock had underperformed the market over the past one month till 6 May 2016, rising 1.19% compared with 1.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 0.04% as against Sensexs 2.48% rise.

The mid-cap engineering company has an equity capital of Rs 48.84 crore. Face value per share is Rs 2.

Greaves Cottons EBITDA (earnings before interest, taxes, depreciation and amortization) rose 40% to Rs 63 crore in Q4 March 2016 over Q4 March 2015.

Greaves Cotton, a Rs 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets. The company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network.

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