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Rajesh Exports shines as board to consider acquisition in the Middle East
May 12,2016

The acquisition has been proposed to further expand the global footprint of the company in the same line of business after the successful acquisition of Valcambi, the Switzerland based worlds largest gold refinery, Rajesh Exports said. The announcement was made during trading hours today, 12 May 2016.

Meanwhile, the S&P BSE Sensex was up 155.16 points or 0.61% at 25,752.18

On BSE, so far 53,552 shares were traded in the counter as against average daily volume of 82,620 shares in the past one quarter. The stock hit a high of Rs 575.25 and a low of Rs 562.10 so far during the day. The stock had hit a record high of Rs 745.50 on 18 February 2016. The stock had hit a 52-week low of Rs 218.10 on 4 June 2015.

On consolidated basis, Rajesh Exports net profit surged 76.7% to Rs 302.69 crore on 300.7% growth in net sales to Rs 49819.13 crore in Q3 December 2015 over Q3 December 2014.

Rajesh Exports is a global leader in the gold business. The company has presence across the entire value chain of gold from refining to retailing.

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Tyche Industries hits the roof after USFDA approval
May 12,2016

Meanwhile, the BSE Sensex was up 146.99 points, or 0.57%, to 25,744.01.

On BSE, so far 39,000 shares were traded in the counter, compared with an average volume of 11,377 shares in the past one quarter. The stock opened with an upward gap of 20% at Rs 49.10 and remained stuck at that level so far. The stock hit a record high of Rs 72.25 on 3 November 2015. The stock hit a 52-week low of Rs 20.30 on 27 May 2015. The stock had underperformed the market over the past one month till 11 May 2016, falling 7.67% compared with 2.30% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9% as against Sensexs 11.52% rise.

The small-cap company has an equity capital of Rs 10.25 crore. Face value per share is Rs 10.

Tyche Industries said it has received approval from United States Food & Drug Administration (USFDA) for its Active Pharmaceutical Ingredients (API) manufacturing facility located at Sarpavaram, Kakinada, Andhra Pradesh.

The companys board will meet on 30 May 2016, to consider audited financial results for the year ended 31 March 2016.

Net profit of Tyche Industries rose 35.29% to Rs 0.23 crore on 5.44% rise in net sales to Rs 12.59 crore in Q3 December 2015 over Q3 December 2014.

Tyche Industries is a manufacturer of active pharmaceutical ingredients and intermediates.

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Hindalco gains over 3% in two sessions
May 12,2016

Novelis declared the results on Tuesday, 10 May 2016. Shares of Hindalco Industries rose 1.95% to Rs 91.60 yesterday, 11 May 2016. The stock has risen 3.51% in two consecutive trading sessions from its closing of Rs 89.85 on 10 May 2016.

Meanwhile, the BSE Sensex was up 134.84 points, or 0.53%, to 25,731.86.

On BSE, so far 4.05 lakh shares were traded in the counter, compared with an average volume of 15.31 lakh shares in the past one quarter. The stock hit a high of Rs 93.20 and a low of Rs 92 so far during the day. The stock hit a 52-week high of Rs 141.65 on 18 May 2015. The stock hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had underperformed the market over the past one month till 11 May 2016, falling 0.81% compared with 2.30% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 43.91% as against Sensexs 11.52% rise.

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

Hindalco Industriess subsidiary Novelis reported 35% rise in net income excluding tax-effected special items to $50 million in Q4 March 2016 over Q4 March 2015.

Novelis revenue decreased 14% to $2.4 billion in Q4 March 2016 over Q4 March 2015 as a result of lower average aluminum prices and local market premiums. Excluding the impact of metal price lag, adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 29% to was $277 million in Q4 March 2016 over Q4 March 2015. The increase was a result of record global shipments in a seasonally strong quarter, as well as positive product mix primarily driven by a 23% increase in automotive shipments over the prior year, Novelis said. The EBITDA improvement was also driven by excellent operational performance and favorable currency effects, it added.

Steve Fisher, President and Chief Executive Officer for Novelis said that heading into fiscal year ending 31 March 2017, the company remains focused on driving asset efficiency as well as managing costs and working capital. In addition, the company will continue to strengthen its product portfolio through further growth in the premium automotive sheet segment while continuing to deliver quality products and service to all customers, Steve Fisher said.

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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Bank stocks head north as Rajya Sabha passes Insolvency and Bankruptcy Code bill
May 12,2016

The Lok Sabha had earlier passed the Bill on 5 May 2016. The news of Rajya Sabhas clearance for the bill hit the market after trading hours yesterday, 11 May 2016.

Among public sector banks, State Bank of India (up 0.68%), Canara Bank (up 0.43%), Union Bank of India (up 0.13%), Bank of Baroda (up 0.1%), Bank of India (up 0.13%), Vijaya Bank (up 1.27%) and IDBI Bank (up 0.59%) edged higher. Punjab National Bank fell 0.75%.

Among private sector banks, ICICI Bank (up 2.59%), Axis Bank (up 0.67%), Yes Bank (up 0.59%), HDFC Bank (up 0.23%), IndusInd Bank (up 0.17%) and Kotak Mahindra Bank (up 1.43%) edged higher.

The S&P BSE Bankex index was currently up 181.35 points or 0.95% at 19,281.34. It outperformed the S&P BSE Sensex which was up 129.43 points or 0.51% at 25,726.45

The S&P BSE Bankex index had outperformed the market over the past one month till 11 May 2016, rising 6.17% compared with 2.30% rise in the Sensex. The index also outperformed the market in past one quarter, rising 20.20% as against Sensexs 11.52% rise.

Once the bill becomes a law, it will help creditors recover bad debt faster. The Insolvency and Bankruptcy Code bill aims to provide single unified law for timely resolution of insolvency and bankruptcy related cases in India. The law will come into force when it receives President of Indias assent.

The objective of the law is to promote entrepreneurship, availability of credit, and balance the interests of all stakeholders by consolidating and amending the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner and for maximization of value of assets of such persons and matters connected therewith or incidental thereto.

The law aims to consolidate the laws relating to insolvency of companies and limited liability entities (including limited liability partnerships and other entities with limited liability), unlimited liability partnerships and individuals, presently contained in a number of legislations, into a single legislation. Such consolidation will provide for a greater clarity in law and facilitate the application of consistent and coherent provisions to different stakeholders affected by business failure or inability to pay debt. The essential idea of the new law is that when a firm defaults on its debt and control shifts from the shareholders/promoters to a Committee of Creditors, the creditors will get a time span of 180 days to evaluate proposals from various players about resuscitating the company or taking it into liquidation.

When decisions are taken in a time-bound manner, there is a greater chance that the firm can be saved as a going concern and the productive resources of the economy (the labour and the capital) can be put to the best use. This is in complete departure with the experience under the Sick Industrial Companies (Special Provisions) Act, 1985 regime where there were delays leading to destruction of the value of the firm.

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Kotak Mahindra Bank gains about 3% in two sessions
May 12,2016

The result was announced during trading hours yesterday, 11 May 2016. Shares of Kotak Mahindra Bank rose 1.34% to Rs 731.15 that day. The stock has risen 2.60% in two consecutive trading sessions from its closing of Rs 721.50 on 10 May 2016.

Meanwhile, the BSE Sensex was up 131.93 points, or 0.52%, to 25,728.95 .

On BSE, so far 52,000 shares were traded in the counter, compared with an average volume of 4.72 lakh shares in the past one quarter. The stock hit a high of Rs 744 and a low of Rs 731.90 so far during the day. The stock hit a 52-week high of Rs 744.45 on 21 July 2015. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past one month till 11 May 2016, rising 8.84% compared with 2.30% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.26% as against Sensexs 11.52% rise.

The large-cap company has an equity capital of Rs 917.31 crore. Face value per share is Rs 5.

Kotak Mahindra Banks net profit rose 31.99% to Rs 695.78 crore on 52.27% increase in total income to Rs 4947.32 crore in Q4 March 2016 over Q4 March 2015.

The banks gross non-performing assets (NPAs) stood at Rs 2838.11 crore as on 31 March 2016 as against Rs 2690.34 crore as on 31 December 2015 and Rs 1237.23 crore as on 31 March 2015.

The ratio of gross NPAs to gross advances stood at 2.36% as on 31 March 2016 as against 2.30% as on 31 December 2015 and 1.85% as on 31 March 2015.

The ratio of net NPAs to net advances stood at 1.06% as on 31 March 2016 as against 0.96% as on 31 December 2015 and 0.92% as on 31 March 2015.

The banks provisions and contingencies rose 199.4% to Rs 200.41 crore in Q4 March 2016 over Q4 March 2015.

The banks net profit rose 11.99% to Rs 2089.78 crore on 61.69% increase in total income to Rs 18996.42 crore in the year ended March 2016 over the year ended March 2015.

On a consolidated basis, Kotak Mahindra Banks net profit rose 15.63% to Rs 1055.23 crore on 28.16% increase in total income to Rs 7910.41 crore in Q4 March 2016 over Q4 March 2015.

On a consolidated basis, Kotak Mahindra Banks net profit rose 13.57% to Rs 3458.85 crore on 30.58% increase in total income to Rs 27974.52 crore in the year ended March 2016 over the year ended March 2015.

The results are not comparable due to merger of ING Vysya Bank with Kotak Mahindra Bank, which took effect from 1 April 2015.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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Asian Paints extends post-results gain
May 12,2016

Shares of Asian Paints rose 0.97% to settle at Rs 907.40 yesterday, 11 May 2016.

Meanwhile, the S&P BSE Sensex was up 142.94 points or 0.56% at 25,728.98

On BSE, so far 3.64 lakh shares were traded in the counter as against average daily volume of 78,510 shares in the past one quarter. The stock hit a high of Rs 928 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 915 so far during the day. The stock had hit a 52-week low of Rs 693 on 16 June 2015. The stock had outperformed the market over the past one month till 11 May 2016, rising 5.54% compared with 2.30% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 6.09% as against Sensexs 11.52% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.

Asian Paints consolidated net profit rose 19.9% to Rs 408.80 crore on 12.3% rise in total income from operations to Rs 3971.30 crore in Q4 March 2016 over Q4 March 2015.

Asian Paints consolidated net profit rose 23.7% to Rs 1726.20 crore on 9.5% growth in total income from operations to Rs 15534.10 crore in the year ended 31 March 2016 over the year ended March 2015.

Asian Paints is Indias leading paint company and ranked among the top ten decorative coatings companies in the world. The company along with its subsidiaries have operations in 19 countries across the world and 26 paint manufacturing facilities, servicing consumers in over 65 countries.

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TVS Srichakra gains after robust Q4 outcome
May 12,2016

The result was announced after market hours yesterday, 11 May 2016.

Meanwhile, the BSE Sensex was up 196.68 points, or 0.77%, to 25,793.70

On BSE, so far 3,707 shares were traded in the counter as against an average daily volume of 1,502 shares in the past one quarter. The stock hit a high of Rs 2,552.55 and a low of Rs 2,500 so far during the day. The stock had hit a record high of Rs 3,249 on 18 August 2015 and a 52-week low of Rs 1,600 on 9 June 2015. The stock had underperformed the market over the past one month till 11 May 2016, falling 0.32% compared with 2.30% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 7.32% as against Sensexs 11.52% rise.

The small-cap tyres manufacturer has equity capital of Rs 7.66 crore. Face value per share is Rs 10.

TVS Srichakra is one of Indias leading two-and three-wheeler tyre manufacturer rolling out more than 11 million tyres annually. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.

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Apollo Tyres skids after weak Q4 outcome
May 12,2016

The result was announced after market hours yesterday, 11 May 2016.

Meanwhile, the BSE Sensex was up 225.83 points, or 0.88%, to 25,822.85 .

On BSE, so far 2.43 lakh shares were traded in the counter, compared with an average volume of 2.12 lakh shares in the past one quarter. The stock hit a high of Rs 155.10 and a low of Rs 148.65 so far during the day. The stock hit a 52-week high of Rs 223.30 on 5 August 2015. The stock hit a 52-week low of Rs 127.95 on 20 January 2016. The stock had underperformed the market over the past one month till 11 May 2016, falling 8.80% compared with 2.30% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.13% as against Sensexs 11.52% rise.

The mid-cap company has an equity capital of Rs 50.90 crore. Face value per share is Re 1.

On a consolidated basis, Apollo Tyres net profit rose 11.81% to Rs 1093.02 crore on 8% decline in net sales to Rs 11707.80 crore in the year ended March 2016 over the year ended March 2015.

Apollo Tyres board of directors at its meeting held yesterday, 11 May 2016, approved the issue of non convertible debentures aggregating to Rs 1000 crore on private placement basis, in one or more tranches.

Apollo Tyres is in the business of manufacture and sale of tyres. The company markets its products under its two global brands - Apollo and Vredestein, and its products are available in over 100 countries.

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Oracle Financial Services Software slips after weak Q4 earnings
May 12,2016

The result was announced after market hours yesterday, 11 May 2016.

Meanwhile, the BSE Sensex was up 117.17 points, or 0.46%, to 25,714.19 .

On BSE, so far 290 shares were traded in the counter, compared with an average volume of 4,708 shares in the past one quarter. The stock hit a high of Rs 3,500 and a low of Rs 3,445.40 so far during the day. The stock hit a 52-week high of Rs 4,446.60 on 19 September 2015. The stock hit a 52-week low of Rs 3,106 on 25 February 2016. The stock had underperformed the market over the past one month till 11 May 2016, falling 1.68% compared with 2.30% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 5.81% as against Sensexs 11.52% rise.

The large-cap company has an equity capital of Rs 42.44 crore. Face value per share is Rs 5.

On a consolidated basis, net profit fell 2% to Rs 1165.80 crore on 5% increase in total revenues to Rs 4092.80 crore in the year ended March 2016 over the year ended March 2015.

Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle Corporation.

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Hindalco gains as Novelis declares strong Q4 results
May 11,2016

Novelis declared the results yesterday, 10 May 2016.

Meanwhile, the BSE Sensex was down 181.89 points, or 0.71%, to 25,590.64

On BSE, so far 16.34 lakh shares were traded in the counter, compared with an average volume of 15.32 lakh shares in the past one quarter. The stock hit high of Rs 92.80 and low of Rs 88.20 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 underperformed the market over the past one month till 10 May 2016, rising 2.28% compared with 4.45% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 34.10% as against Sensexs 8.48% rise.

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

Novelis revenue decreased 14% to $2.4 billion in Q4 March 2016 over Q4 March 2015 as a result of lower average aluminum prices and local market premiums. Excluding the impact of metal price lag, adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 29% to was $277 million in Q4 March 2016 over Q4 March 2015. The increase was a result of record global shipments in a seasonally strong quarter, as well as positive product mix primarily driven by a 23% increase in automotive shipments over the prior year, Novelis said. The EBITDA improvement was also driven by excellent operational performance and favorable currency effects, it added.

Steve Fisher, President and Chief Executive Officer for Novelis said that heading into fiscal year ending 31 March 2017, the company remains focused on driving asset efficiency as well as managing costs and working capital. In addition, the company will continue to strengthen its product portfolio through further growth in the premium automotive sheet segment while continuing to deliver quality products and service to all customers, Steve Fisher said.

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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Kotak Mahindra Bank gains after good Q4 results
May 11,2016

Meanwhile, the BSE Sensex was down 166.84 points, or 0.65%, to 25,605.69.

On BSE, so far 2.28 lakh shares were traded in the counter, compared with an average volume of 4.70 lakh shares in the past one quarter. The stock hit a high of Rs 736.60 and a low of Rs 715.70 so far during the day. The stock hit a record high of Rs 744.45 on 21 July 2015. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past one month till 10 May 2016, rising 8.50% compared with 4.45% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 8.15% as against Sensexs 8.48% rise.

The large-cap company has an equity capital of Rs 917.31 crore. Face value per share is Rs 5.

Kotak Mahindra Banks net profit rose 31.99% to Rs 695.78 crore on 52.27% increase in total income to Rs 4947.32 crore in Q4 March 2016 over Q4 March 2015.

The banks gross non-performing assets (NPAs) stood at Rs 2838.11 crore as on 31 March 2016 as against Rs 2690.34 crore as on 31 December 2015 and Rs 1237.23 crore as on 31 March 2015.

The ratio of gross NPAs to gross advances stood at 2.36% as on 31 March 2016 as against 2.30% as on 31 December 2015 and 1.85% as on 31 March 2015.

The ratio of net NPAs to net advances stood at 1.06% as on 31 March 2016 as against 0.96% as on 31 December 2015 and 0.92% as on 31 March 2015.

The banks provisions and contingencies rose 199.4% to Rs 200.41 crore in Q4 March 2016 over Q4 March 2015.

The banks net profit rose 11.99% to Rs 2089.78 crore on 61.69% increase in total income to Rs 18996.42 crore in the year ended March 2016 over the year ended March 2015.

On a consolidated basis, Kotak Mahindra Banks net profit rose 15.63% to Rs 1055.23 crore on 28.16% increase in total income to Rs 7910.41 crore in Q4 March 2016 over Q4 March 2015.

On a consolidated basis, Kotak Mahindra Banks net profit rose 13.57% to Rs 3458.85 crore on 30.58% increase in total income to Rs 27974.52 crore in the year ended March 2016 over the year ended March 2015.

The results are not comparable due to merger of ING Vysya Bank with Kotak Mahindra Bank, which took effect from 1 April 2015.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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Kotak Mahindra Bank gains after Q4 results
May 11,2016

The result was announced during trading hours today, 11 May 2016.

Meanwhile, the BSE Sensex was down 217.98 points, or 0.85%, to 25,554.55 .

On BSE, so far 1.97 lakh shares were traded in the counter, compared with an average volume of 4.70 lakh shares in the past one quarter. The stock hit a high of Rs 736.60 and a low of Rs 715.70 so far during the day. The stock hit a record high of Rs 744.45 on 21 July 2015. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past one month till 10 May 2016, rising 8.50% compared with 4.45% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 8.15% as against Sensexs 8.48% rise.

The large-cap bank has an equity capital of Rs 917.31 crore. Face value per share is Rs 5.

The merger of ING Vysya Bank with the Kotak Mahindra Bank was effective from 1 April 2015. The results for the quarter and year ended 31 March 2016 include operations of ING Vysya Bank. Hence, the results for the quarter and year ended 31 March 2016 are not comparable with that of the corresponding period of the previous year.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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Maharashtra Seamless drops after bulk deal
May 11,2016

Meanwhile, the S&P BSE Sensex was down 189.26 points or 0.73% at 25,583.27

Bulk deal boosted volume on the scrip. On BSE, so far 2.82 lakh shares were traded in the counter as against average daily volume of 22,404 shares in the past one quarter. The stock hit a high of Rs 202.20 and a low of Rs 195 so far during the day. The stock had hit a 52-week high of Rs 223.90 on 26 May 2015. The stock had hit a 52-week low of Rs 131.10 on 29 February 2016. The stock had outperformed the market over the past one month till 10 May 2016, rising 8.05% compared with 4.45% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 42.03% as against Sensexs 8.48% rise.

The small-cap company has equity capital of Rs 33.50 crore. Face value per share is Rs 5.

Maharashtra Seamless net profit dropped 85.9% to Rs 4.95 crore on 45.6% fall in net sales to Rs 190.02 crore in Q3 December 2015 over Q3 December 2014.

Maharashtra Seamless manufactures seamless pipes & tubes.

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Indian Bank slips after weak Q4 results
May 11,2016

The result was announced during trading hours today, 11 May 2016.

Meanwhile, the BSE Sensex was down 186.78 points, or 0.72%, to 25,585.75.

On BSE, so far 65,000 shares were traded in the counter, compared with an average volume of 26,490 shares in the past one quarter. The stock hit a high of Rs 93.90 and a low of Rs 89.10 so far during the day. The stock hit a 52-week high of Rs 171 on 29 May 2015. The stock hit a 52-week low of Rs 76 on 29 February 2016. The stock had underperformed the market over the past one month till 10 May 2016, falling 5.11% compared with 4.45% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.16% as against Sensexs 8.48% rise.

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

The banks net profit fell 29.23% to Rs 711.38 crore on 4.70% increase in total income to Rs 18025.19 crore in the year ended March 2016 over the year ended March 2015.

The banks gross non-performing assets (NPAs) stood at Rs 8827.04 crore as on 31 March 2016 as against Rs 7071.35 crore as on 31 December 2015 and Rs 5670.44 crore as on 31 March 2015.

The ratio of gross NPAs to gross advances stood at 6.66% as on 31 March 2016 as against 5.61% as on 31 December 2015 and 4.40% as on 31 March 2015.

The ratio of net NPAs to net advances stood at 4.20% as on 31 March 2016 as against 3.17% as on 31 December 2015 and 2.50% as on 31 March 2015.

The banks provisions and contingencies (excluding tax provisions) rose 44.62% to Rs 813.58 crore in Q4 March 2016 over Q4 March 2015. Provision coverage ratio of the bank was at 53.37% as on 31 March 2016.

Government of India holds 82.11% stake in Indian Bank (as on 31 March 2016).

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Elantas Beck India spurts after robust Q1 result
May 11,2016

The result was announced after market hours yesterday, 10 May 2016.

Meanwhile, the S&P BSE Sensex was down 165.95 points or 0.64% at 25,606.58

On BSE, so far 13,909 shares were traded in the counter as against average daily volume of 2,344 shares in the past one quarter. The stock hit a high of Rs 1,489 and a low of Rs 1,410 so far during the day. The stock had hit a 52-week high of Rs 1,605 on 1 January 2016. The stock had hit a 52-week low of Rs 970.50 on 12 June 2015. The stock had underperformed the market over the past one month till 10 May 2016, rising 3.88% compared with 4.45% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 7.03% as against Sensexs 8.48% rise.

The small-cap company has equity capital of Rs 7.93 crore. Face value per share is Rs 10.

Elantas Beck India manufactures a wide range of specialty chemicals for electrical insulation and construction industries.

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