My Application Form Status

Check the status of your application form with Angel Broking.
LIC Housing Finance leads losers in A group
Jan 02,2017

LIC Housing Finance dropped 5.14% to Rs 530.70 at 12:45 IST. The stock topped the losers in the BSEs A group. On the BSE, 3.82 lakh shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past two weeks.

HDFC declined 3.48% at Rs 1,218.50. The stock was the second biggest loser in A group. On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 1.06 lakh shares in the past two weeks.

State Bank of India (SBI) shed 2.44% to Rs 243.65. The stock was the third biggest loser in A group. On the BSE, 15.35 lakh shares were traded on the counter so far as against the average daily volumes of 11.33 lakh shares in the past two weeks.

SBI has reportedly cut its marginal cost of lending rate, or MCLR, by 90 basis points across all maturities. The countrys largest bank has reduced its key one-year benchmark MCLR to 8% per annum. The one-year benchmark is used for pricing home and car loans. Loans are provided to borrowers at 35 basis points over the MCLR. SBIs new rates were effective from 1 January 2017.

Bajaj Auto declined 2.12% at Rs 2,578. The stock was the fourth biggest loser in A group. On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 12,000 shares in the past two weeks.

Bajaj Auto announced that total sales fell 22% to 2.25 lakh units in December 2016 over December 2015. Domestic sales dropped 17% to 1.19 lakh units in December 2016 over December 2015. Exports fell 27% to 1.05 lakh units in December 2016 over December 2015. The company announced the monthly sales volume data for December during market hours today, 2 January 2017.

Bank of Baroda fell 2.1% to Rs 149. The stock was the fifth biggest loser in A group. On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 7.96 lakh shares in the past two weeks.

Powered by Capital Market - Live News

SBI drops after slashing lending rates
Jan 02,2017

Meanwhile, the S&P BSE Sensex was down 127.10 points or 0.48% at 26,499.36.

On the BSE, 12.61 lakh shares were traded on the counter so far as against the average daily volumes of 21.45 lakh shares in the past one quarter. The stock had hit a high of Rs 253.50 and a low of Rs 242.80 so far during the day.

The stock had hit a 52-week high of Rs 288.50 on 11 November 2016 and a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past one month till 30 December 2016, declining 3.35% compared with the Sensexs 0.1% fall. The scrip had, however, outperformed the market over the past one quarter declining 0.38% as against the Sensexs 4.45% fall.

The large-cap public sector bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) has reportedly cut its marginal cost of lending rate, or MCLR, by 90 basis points across all maturities. MCLR is the benchmark rate to which all loans are linked. The bank has reduced its key one-year benchmark MCLR to 8% per annum. The one-year benchmark is used for pricing home and car loans. Loans are provided to borrowers at 35 basis points over the MCLR. SBIs new rates were effective from yesterday, 1 January 2017.

SBIs net profit fell 34.6% to Rs 2538.32 crore on 8.3% growth in total income to Rs 50742.99 crore in Q2 September 2016 over Q2 September 2015.

SBI is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2016).

Powered by Capital Market - Live News

Punjab National Bank drops after reducing MCLR
Jan 02,2017

The announcement was made on Sunday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 116.55 points or 0.44% at 26,509.91.

On the BSE, 5.1 lakh shares were traded in the counter so far as against average daily volume of 11.91 lakh shares in the past one quarter. The stock had hit a high of Rs 117.45 and a low of Rs 113.30 so far during the day. The stock had hit a 52-week high of Rs 164.30 on 11 November 2016. The stock had hit a 52-week low of Rs 69.40 on 17 February 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 16.35% compared with 0.1% drop in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 17.81% as against Sensexs 4.45% fall.

The large-cap public sector bank has equity capital of Rs 425.59 crore. Face value per share is Rs 2.

Punjab National Bank has reduced marginal cost of funds based lending rate (MCLR) for overnight loans to 8.2% from 8.9%. The rate for one month is reduced to 8.25% from 8.95% and for three months it is reduced to 8.35% from 9.05%.

The MCLR on 6-month loans will be 8.4% from earlier 9.1% and for one-year loans the rate will be 8.45% from 9.15%, the bank said. MCLR on three-year loans was reduced to 8.6% from 9.3% and for five-year loans the rate will be 8.75% from 9.45% earlier.

All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which is the internal benchmark of the concerned bank. Actual lending rates are determined by adding the components of spread to the MCLR.

Punjab National Bank (PNB)s net profit declined 11.5% to Rs 549.36 crore on 3.8% growth in total income to Rs 14218.27 crore in Q2 September 2016 over Q2 September 2015.

The Government of India held 65.01% stake in PNB (as per the shareholding pattern as on 30 September 2016).

Powered by Capital Market - Live News

L&T inches up after securing Pune smart city project
Jan 02,2017

The announcement was made during market hours today, 2 January 2017.

Meanwhile, the BSE Sensex was down 140.09 points or 0.53% at 26,486.37.

On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 2.31 lakh shares in the past one quarter. The stock had hit a high of Rs 1,360 and a low of Rs 1,350 so far during the day.

The stock hit a 52-week high of Rs 1,615 on 27 July 2016 and a 52-week low of Rs 1,016.60 on 12 February 2016. It had underperformed the market over the past one month till 30 December 2016, declining 2.4% compared with the Sensexs 0.1% fall. The scrip had also underperformed the market over the past one quarter sliding 5.75% as against the Sensexs 4.45% fall.

The large-cap company has equity capital of Rs 186.54 crore. Face value per share is Rs 2.

The letter of intent for the Pune smart city project was handed over by the Municipal Commissioner of Pune, Kunal Kumar to representatives of L&T Constructions Smart World & Communication Business Unit, which will be executing the project. This unit offers end-to-end solutions comprising security solutions, communication network and telecom infrastructure and smart infrastructure as a master systems integrator in collaboration with other businesses within the L&T Group.

The Pune smart city project includes a revenue monetization model, the countrys first in smart cities domain.

On a consolidated basis, L&Ts net profit jumped 84.3% to Rs 1434.63 crore on 8.5% growth in net sales to Rs 24923.98 crore in Q2 September 2016 over Q2 September 2015.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $16 billion in revenue. L&T Construction is a brand of L&T.

Powered by Capital Market - Live News

Mahanagar Gas gains after launching CNG-fueled two-wheelers
Jan 02,2017

The announcement was made yesterday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 131.43 points or 0.49% at 26,495.03.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 60,640 shares in the past one quarter. The stock had hit a high of Rs 814 and a low of Rs 789.40 so far during the day.

The stock had hit a record high of Rs 899 on 28 November 2016 and a record low of Rs 493.20 on 13 July 2016. It had outperformed the market over the past one month till 30 December 2016, advancing 2.01% compared with the Sensexs 0.1% fall. The scrip had also outperformed the market over the past one quarter gaining 18.94% as against the Sensexs 4.45% fall.

The mid-cap company has equity capital of Rs 98.78 crore. Face value per share is Rs 10.

Mahanagar Gas said that the company in association with Eco Fuel (Indian Partners of Lovato, Italy) launched CNG fueled two-wheelers thus enabling them to run on safe and economical fuel, further contributing to a pollution free environment.

Commenting on the development, Union Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan said that the launch of CNG fueled two wheelers will give an opportunity to more than 36 lakhs two wheelers running in the Mumbai Metropolitan Region (MMR) to opt for this eco-friendly fuel. In the last few years CNG powered vehicles have grown in MMR at a compound annual growth rate (CAGR) of over 70% given the fuel economics and eco-friendly nature of CNG.

The CNG kit for two wheelers comprises of two CNG cylinders of 1.2 kg each, which can run up to 120 to 130 km per kg at an approximate cost of Rs 0.60 per km per single fill and is expected to be substantially economical as compared to a similar petrol run vehicle at the current level of prices as per the kit manufacturer. In the initial phase, the scooters shall be retrofitted with a CNG kit manufactured by Lovato.

Presently two kit manufacturers namely ITUK & Lovato have got two-wheeler CNG kits approved by ARAI, Pune and ICAT Gurgaon respectively. Lovato has got approval for 18 scooter models of various original equipment manufacturers (OEMs) present in the market. Considering the huge potential of this segment other kit manufacturers are also planning to launch their two-wheeler kits, Mahanagar Gas said.

Mahanagar Gas net profit rose 40.9% to Rs 102.24 crore on 3.5% decline in net sales to Rs 518.05 crore in Q2 September 2016 over Q2 September 2015.

Mahanagar Gas (MGL) is one of Indias leading natural gas distribution companies. MGL is a joint venture between GAIL (India) and BGAPH (a subsidiary of Royal Dutch Shell Plc).

Powered by Capital Market - Live News

Transformers and Rectifiers gains after bagging order
Jan 02,2017

The announcement was made after market hours on Friday, 30 December 2016.

Meanwhile, the BSE Sensex was down 150.98 points, or 0.57%, to 26,481.26.

On the BSE, so far 6,255 shares were traded in the counter, compared with average daily volume of 5,771 shares in the past one quarter. The stock had hit a high of Rs 365 and a low of Rs 348.60 so far during the day. The stock had hit a 52-week high of Rs 389 on 10 November 2016. The stock had hit a 52-week low of Rs 196 on 29 February 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 6.59% compared with 0.1% drop in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 8.78% as against Sensexs 4.45% fall.

The small-cap company has equity capital of Rs 13.26 crore. Face value per share is Rs 10.

Transformers and Rectifiers (India) announced that the company has been awarded the order for 40 numbers of 15 MVA and 40 numbers of 20 MVA power transformers with natural/synthetic ester oil of 66 kV class amounting to Rs 92 crore from Gujarat Energy Transmission Corporation.

The order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions. With this order, the companys order book as on date stands around Rs 960 crore.

Transformers and Rectifiers (India) (TRIL) reported net profit of Rs 9.60 crore in Q2 September 2016 as against net loss of Rs 2.35 crore in Q2 September 2015. Net sales rose 90.2% to Rs 261.93 crore in Q2 September 2016 over Q2 September 2015.

TRIL manufactures a wide range of transformers for the domestic and the international market.

Powered by Capital Market - Live News

Bombay Dyeing gains after entering into an agreement for sale of property, machinery
Jan 02,2017

The announcement was made on Sunday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 156.91 points or 0.59% at 26,469.55

On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 5.85 lakh shares in the past one quarter. The stock had hit a high of Rs 49.90 and a low of Rs 48.60 so far during the day.

The stock had hit a 52-week high of Rs 67.20 on 6 January 2016 and a 52-week low of Rs 39.05 on 17 February 2016. The stock had outperformed the market over the past one month till 30 December 2016, advancing 2.16% compared with the Sensexs 0.1% fall. The scrip had, however, underperformed the market over the past one quarter declining 6.9% as against the Sensexs 4.45% fall.

The small-cap company has equity capital of Rs 41.31 crore. Face value per share is Rs 2.

Bombay Dyeing & Manufacturing Company said that pursuant to the approval of the committee of the board, the company has entered into an agreement for sale of MIDC land & building and some specific utility machineries of Ranjangaon unit, Maharashtra, at an aggregate value of Rs 174.45 crore on 31 December 2016. The sales also includes a company owned flat at Beach Towers, Prabhadevi, Mumbai for Rs 9.4 crore on 31 December 2016.

Bombay Dyeing & Manufacturing Company reported net loss of Rs 71.21 crore in Q2 September 2016, higher than net loss of Rs 65.64 crore in Q2 September 2015. Net sales declined 1.6% to Rs 421.58 crore in Q2 September 2016 over Q2 September 2015.

Bombay Dyeing & Manufacturing Company is engaged in textile, polyester and real estate business segments.

Powered by Capital Market - Live News

IL&FS Engg spurts on new order
Jan 02,2017

The announcement was made after market hours on Friday, 30 December 2016.

Meanwhile, the S&P BSE Sensex was down 162.96 points or 0.61% at 26,463.50.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 24,308 shares in the past one quarter. The stock had hit a high of Rs 45.75 and a low of Rs 44.10 so far during the day.

The stock had hit a 52-week high of Rs 69.05 on 4 January 2016 and a 52-week low of Rs 36.80 on 22 November 2016. It had underperformed the market over the past one month till 30 December 2016, sliding 1.39% compared with the Sensexs 0.1% fall. The scrip had also underperformed the market over the past one quarter declining 20.39% as against the Sensexs 4.45% fall.

The small-cap company has equity capital of Rs 121.16 crore. Face value per share is Rs 10.

IL&FS Engineering and Construction Company announced that it has received a letter of acceptance (LoA) for a road contract worth Rs 242.56 crore from Ministry of Road Transport & Highways (MoRTH) through CE (NH) PWD, Government of Karnataka.

The engineering, procurement & construction (EPC) project is expected to be completed in 24 months. The company is currently executing a metro rail contract in Karnataka for Bangalore Metro Rail Corporation for a value of Rs 326.99 crore.

IL&FS Engineering and Construction Company reported net loss of Rs 80.67 crore in Q2 September 2016, slightly lower than net loss of Rs 81.87 crore in Q2 September 2015. Net sales rose 1.4% to Rs 356.87 crore in Q2 September 2016 over Q2 September 2015.

IL&FS Engineering and Construction Company is into infrastructure development, construction and project management.

Powered by Capital Market - Live News

Ujaas Energy energizes after receiving letter of intent for solar power plant
Jan 02,2017

The announcement was made on Saturday, 31 December 2016.

Meanwhile, the S&P BSE Sensex was down 107.97 points or 0.41% at 26,514.55.

On the BSE, 91,867 shares were traded in the counter so far as against average daily volume of 6.56 lakh shares in the past one quarter. The stock had hit a high of Rs 46.70 and a low of Rs 45.50 so far during the day. The stock had hit a record high of Rs 52.25 on 16 December 2016. The stock had hit a 52-week low of Rs 19.40 on 29 September 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 7% compared with 0.1% drop in the Sensex. The scrip had, however, outperformed the market in past one quarter, jumping 98.22% as against Sensexs 4.45% fall.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy announced that it has received letter of intent from MOIL for design, engineering, procurement & supply, construction, erection, testing & commissioning of solar photovoltaic (PV) plant with tracking system on turnkey basis of 5 megawatts (MW) (AC) capacity in Maharashtra.

Ujaas Energys net profit surged 196% to Rs 9.71 crore on 129.9% rise in net sales to Rs 121.15 crore in Q2 September 2016 over Q2 September 2015.

Ujaas Energy is engaged in the design of various products and solutions for producing clean energy.

Powered by Capital Market - Live News

Eicher moves north after strong motorcyle sales
Jan 02,2017

The company announced the monthly sales volume yesterday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 89.19 points or 0.33% at 26,537.27.

On the BSE, 2,221 shares were traded on the counter so far as against the average daily volumes of 5,241 shares in the past one quarter. The stock had hit a high of Rs 22,851 and a low of Rs 22,222 so far during the day.

The stock had hit a record high of Rs 26,601.95 on 29 September 2016 and a 52-week low of Rs 14,817.75 on 19 January 2016. It had outperformed the market over the past one month till 30 December 2016, advancing 0.63% compared with the Sensexs 0.1% fall. The scrip had, however, underperformed the market over the past one quarter declining 12.46% as against the Sensexs 4.45% fall.

The large-cap company has equity capital of Rs 27.20 crore. Face value per share is Rs 10.

Eicher Motors exports of motorcycles jumped 160% to 1,082 units in December 2016 over December 2015.

Separately, Eicher Motors announced yesterday, 1 January 2017 that sale volume of VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors fell 20.04% to 4,048 units in December 2016 over December 2015.

On a consolidated basis, net profit of Eicher Motors rose 45.19% to Rs 413.16 crore on 35.14% rise in net sales to Rs 1748.44 crore in Q2 September 2016 over Q2 September 2015.

Eicher Motors (EML) is the flagship company of the Eicher Group. EML is one of the leading players in the Indian automotive space. EML owns the iconic Royal Enfield motorcycle business which leads the premium motorcycle segment in India. EMLs joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient trucks and buses.

Powered by Capital Market - Live News

Bajaj Auto skids after reporting weak sales in December
Jan 02,2017

The company announced the monthly sales volume data for December during market hours today, 2 January 2017.

Meanwhile, the S&P BSE Sensex was down 94.75 points or 0.36% at 26,531.71.

On the BSE, 6,587 shares were traded in the counter so far as against average daily volume of 21,836 shares in the past one quarter. The stock had hit a high of Rs 2,658.30 and a low of Rs 2,581 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016. The stock had hit a 52-week low of Rs 2,173.40 on 29 February 2016.

The stock had underperformed the market over the past one month till 30 December 2016, sliding 1.86% compared with 0.1% drop in the Sensex. The scrip had, also underperformed the market in past one quarter, declining 7% as against Sensexs 4.45% fall.

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

Bajaj Auto announced that total sales fell 22% to 2.25 lakh units in December 2016 over December 2015. Domestic sales dropped 17% to 1.19 lakh units in December 2016 over December 2015. Exports fell 27% to 1.05 lakh units in December 2016 over December 2015.

On a consolidated basis, Bajaj Autos net profit rose 7.2% to Rs 1200.72 crore on 0.2% decline in net sales to Rs 5949.32 crore in Q2 September 2016 over Q2 September 2015.

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

Powered by Capital Market - Live News

Maruti drops in early trade after weak monthly sales
Jan 02,2017

The company announced the monthly sales volume yesterday, 1 January 2017.

Meanwhile, the S&P BSE Sensex was down 98.83 points or 0.37% at 26,527.63.

On the BSE, 8,262 shares were traded on the counter so far as against the average daily volumes of 60,366 shares in the past one quarter. The stock had hit a high of Rs 5,348.90 and a low of Rs 5,270 so far during the day.

The stock had hit a record high of Rs 5,972 on 1 November 2016 and a 52-week low of Rs 3,202.10 on 29 February 2016. It had outperformed the market over the past one month till 30 December 2016, advancing 1.13% compared with the Sensexs 0.1% fall. The scrip had also outperformed the market over the past one quarter declining 2.85% as against the Sensexs 4.45% fall.

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

Maruti Suzuki Indias (Maruti) total domestic sales fell 4.4% to 1.06 lakh units in December 2016 over December 2015. Exports surged 47.1% to 11,494 units in December 2016 over December 2015.

Maruti Suzuki Indias net profit rose 60.2% to Rs 2398 crore on 29.5% growth in net sales to Rs 17594.60 crore in Q2 September 2016 over Q2 September 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 September 2016).

Powered by Capital Market - Live News

Shilpi Cable lights up after acquiring UAE based lighting products mfg firm
Jan 02,2017

The announcement was made after market hours on Friday, 30 December 2016.

Meanwhile, the BSE Sensex was down 55.61 points, or 0.21%, to 26,570.85.

On the BSE, 851 shares were traded in the counter so far, compared with an average volume of 70,908 shares in the past one quarter. The stock had hit a high of Rs 201.65 and a low of Rs 199.90 in intraday trade.

Shilpi Cable Technologies announced that its board of directors at a meeting held on Friday, 30 December 2016, approved acquisition of 100% shareholding of Gulf Aglow LED Lighting FZCO (GAL), a UAE based company incorporated within the laws of UAE. GAL is engaged in the manufacturing of lighting products. The company is selling lighting products including CFL and LED products through retails network in Middle East and African countries.

The Gulf Aglow LED Lighting FZCO had acquired lighting business from Gulf advanced lighting LLC, which was in business since last 20 years. The acquisition will be in the nature of cash consideration.

The indicative time period for the completion of the acquisition is 3 months. This acquisition is intended to expand market share of Shilpi Cable in lighting products, wires & cables in Middle East & African countries. The transaction is subject to applicable FEMA and RBI regulations.

On a consolidated basis, net profit of Shilpi Cable Technologies rose 100.7% to Rs 53.70 crore on 45.6% rise in net sales to Rs 1197.33 crore in Q2 September 2016 over Q2 September 2015.

Shilpi Cable Technologies is a specialist across the varieties of cables widely used in telecom, automotive and energy segment.

Powered by Capital Market - Live News

Lupin gains after USFDA tentative nod for generic drug
Dec 30,2016

The announcement was made during market hours today, 30 December 2016.

Meanwhile, the S&P BSE Sensex was up 255.20 points or 0.97% at 26,621.35.

On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 57,000 shares in the past two weeks. The stock had hit a high of Rs 1,490 and a low of Rs 1,469.95 so far during the day.

The stock had hit a 52-week high of Rs 1,911.55 on 9 February 2016 and a 52-week low of Rs 1,294.05 on 29 March 2016.

Lupin announced that it has received tentative approval from the United States Food and Drug Administration to market Pitavastatin tablets, 1 mg, 2 mg, and 4 mg, a generic version of Kowa Companys Livalo tablets. The filing is from Lupins Pithampur (Indore) manufacturing facility.

Lupins Pitavastatin tablets are indicated as an adjunctive therapy to diet to reduce elevated total cholesterol, low-density lipoprotein cholesterol, apolipoprotein B, triglycerides, and to increase HDL-C in adult patients with primary hyperlipidemia or mixed dyslipidemia.

Livalo tablets had annual US sales of $245.3 million (IMS MAT Sep 2016).

Lupins consolidated net profit rose 57.8% to Rs 662.19 crore on 31.9% rise in net sales to Rs 4211.18 crore in Q2 September 2016 over Q2 September 2015.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The Company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-infective and NSAID space and holds global leadership position in the Anti-TB segment.

Powered by Capital Market - Live News

Sugar stocks in demand
Dec 30,2016

Rana Sugars (up 13.24%), Upper Ganges Sugar & Industries (up 8.29%), Dwarikesh Sugar Industries (up 7.81%), Shree Renuka Sugar (up 6.34%), Sakthi Sugars (up 6.33%), Oudh Sugar Mills (up 6.15%), Empee Sugars and Chemicals (up 6.08%), KCP Sugar & Industries Corporation (up 4.45%), Dhampur Sugar Mills (up 4.42%), Simbhaoli Sugars (up 4.26%), DCM Shriram Industries (up 4.08%), EID Parry (India) (up 3.14%), Balrampur Chini Mills (up 1.59%), Triveni Engineering & Industries (up 1%) and Bajaj Hindusthan Sugar (up 0.21%), edged higher.

The S&P BSE Sensex was up 296.16 points, or 1.12% at 26,662.31.

According to reports, total debt of sugar companies were around Rs 42000 crore at the end of financial year ended March 2016.

Powered by Capital Market - Live News