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Sarda Energy & Minerals spurts after restarting mining operations
Nov 30,2016

The announcement was made after trading hours yesterday, 30 November 2016.

Meanwhile, the BSE Sensex was up 92.11 points, or 0.35%, to 26,486.12.

On BSE, so far 59,000 shares were traded in the counter, compared with average daily volume of 86,198 shares in the past one quarter. The stock hit a high of Rs 256.65 and a low of Rs 235.50 so far during the day. The stock hit a 52-week high of Rs 296.60 on 1 November 2016. The stock hit a 52-week low of Rs 75.50 on 26 February 2016. The stock had underperformed the market over the past 30 days till 29 November 2016, falling 15.83% compared with the 5.50% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 33.55% as against Sensexs 7.23% decline.

The small-cap company has equity capital of Rs 36.02 crore. Face value per share is Rs 10.

On 9 March 2016, Sarda Energy & Minerals announced temporary suspension of operation at its iron ore mine in Dongarbore (Chhattisgarh) after a naxalite attack on 7 March 2016, which caused death of one employee and damage of a few vehicles.

Net profit of Sarda Energy & Minerals rose 250.3% to Rs 12.54 crore on 2.7% decline in net sales to Rs 253 crore in Q2 September 2016 over Q2 September 2015.

Sarda Energy & Minerals (SEML) is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.

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Lupin gains after receiving USFDA approval for Armodafinil tablets
Nov 30,2016

The announcement was made after market hours yesterday, 29 November 2016.

Meanwhile, the BSE Sensex was up 67.23 points, or 0.25%, to 26,461.24.

On BSE, so far 25,000 shares were traded in the counter, compared with average daily volume of 99,927 shares in the past one quarter. The stock hit a high of Rs 1,545.55 and a low of Rs 1,526.90 so far during the day. The stock hit a 52-week high of Rs 1,911.55 on 9 February 2016. The stock hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had outperformed the market over the past 30 days till 29 November 2016, falling 0.06% compared with the 5.50% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 2.25% as against Sensexs 7.23% decline.

The large-cap company has equity capital of Rs 90.27 crore. Face value per share is Rs 2.

Lupin announced that its US subsidiary Lupin Pharmaceuticals Inc (LPI) has received final approval from the United States Food and Drug Administration (USFDA) to market Armodafinil tablets 50mg, 150mg, 200mg and 250mg. LPI shall commence promoting the product in the US shortly. Lupins Armodafinil tablets are the AB rated generic equivalents of Cephalon, Incs Nuvigil tablets. Armodafinil tablets are indicated to improve wakefulness in adult patients with excessive sleepiness associated with obstructive sleep apnea (OSA), narcolepsy or shift work disorder (SWD). Nuvigil tablets had annual US sales of $515.6 million as per IMS MAT September 2016 data.

Lupins consolidated net profit jumped 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, central nervous system (CNS), GI, Anti-Infective and NSAID space and holds global leadership position in the Anti-TB segment.

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Tata Power witnesses initial volatility post impressive Q2 numbers
Nov 30,2016

Meanwhile, the S&P BSE Sensex was up 70.19 points or 0.27% at 26,464.20.

On the BSE, 1.34 lakh shares were traded on the counter so far as against average daily volume of 4.82 lakh shares in the past one quarter. The stock had hit a high of Rs 72.75 and a low of Rs 71.05 so far during the day. The stock had hit a 52-week high of Rs 84.45 on 24 October 2016. The stock had hit a 52-week low of Rs 55 on 12 February 2016. The stock had underperformed the market over the past one month till 29 November 2016, declining 7.97% compared with the Sensexs 5.54% fall. The scrip had, however, outperformed the market in past one quarter, sliding 4.87% as against the Sensexs 5.41% fall.

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

Tata Power Company (Tata Power) reported consolidated net profit of Rs 336 crore in Q2 September 2016, compared with net loss of Rs 96 crore in Q2 September 2015. Consolidated total income from operations declined 5.96% to Rs 7209 crore in Q2 September 2016 over Q2 September 2015, due to lower revenue at standalone level due to lower fuel cost & lower power purchase, lower million units (MUs) traded at Tata Power Trading Company (TPTCL).

The company reported a turnaround in bottom line in Q2 September 2016 vis-n++-vis corresponding previous quarter mainly due to lower mark-to-market (MTM) losses at Coastal Gujarat Power (CGPL) and better performance by key Indian subsidiaries and Indonesian coal mines.

Tata Powers CEO & Managing Director Anil Sardana said, the company has improved profitability and has maintained strong operational performance across all business verticals. The companys subsidiaries continue to perform well despite challenging circumstances. Management is confident that the companys strong growth trajectory will continue into the next quarter, Sardana said.

Tata Powers 100% subsidiaries viz. Bhira Investments nd Bhivpuri Investments (selling companies) had signed an agreement for sale and purchase of shares on 30 January 2014, to sell its 30% stake in PT Arutmin, Indonesia and associated trading and infrastructure companies for an aggregate consideration of $510 million. Consequent to certain closing adjustments to the sale consideration and other changes agreed between the parties, the selling companies have signed revised definitive agreements with PT Cakrawala Langit Sejahtera (PT CLS) a Bakrie group entity on 28 November 2016.

The sale consideration for PT Arutmin is now revised to $246.64 million from the earlier value of $390 million, pursuant to closing adjustments relating to certain prior period liabilities, which includes settlement of past claims with mining contractor, pursuant to a court order (about $80 million as companys share) and other statutory liabilities (about $50 million.). The consideration is expected to be received in a phased manner over next few years.

With regard to the infrastructure company PT Mitratama Perkasa (PTMP), in which PT Sumber Energi Andalan Tbk (Sumber) holds Tata Powers 30% equity; and Trust Energy Resources Pte, a 100% subsidiary of the company (Trust Energy) which holds Sumber, has entered into an agreement with Rwood Resources, a Bakrie Group Entity, for divestment of 94.61% stake in Sumber. The sale consideration for Infrastructure companies is now revised to $154.28 million from the earlier value of $120 million, pursuant to closing adjustments relating to prior period. The consideration is expected to be received in a phased manner over next few years.

Meanwhile, Tata Powers board decided to convene an extraordinary general meeting of the shareholders of the company on 26 December 2016, for considering and passing a resolution for removal of Cyrus P. Mistry as director of the company.

Tata Power is Indias largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10,477 megawatts (MW) and a presence in all the segments of the power sector viz. fuel security and logistics, generation, transmission, distribution and trading.

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JHS Svendgaard declines as Tano Mauritius liquidates bulk shares
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 39.12 points or 0.15% at 26,389.29.

On the BSE, 98,000 shares were traded on the counter so far as against average daily volumes of 78,744 shares in the past one quarter. The stock had hit a high of Rs 41.30 and a low of Rs 37 so far during the day. The stock had hit a 52-week low of Rs 12.71 on 20 December 2015. The stock had hit a 52-week high of Rs 46.30 on 1 November 2016. The stock had outperformed the market over the past one month till 28 November 2016, declining 4.24% compared with the Sensexs 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 12.06% as against the Sensexs 5.15% fall.

The small-cap company has equity capital of Rs 39.87 crore. Face value per share is Rs 10.

Tano Mauritius India FVCI owned 6.65% stake in JHS Svendgaard Laboratories end September 2016.

On a consolidated basis, JHS Svendgaard Laboratories reported net profit of Rs 1.35 crore in Q2 September 2016, compared with net loss of Rs 0.92 crore in Q2 September 2015. Net sales rose 20.7% to Rs 30.65 crore in Q2 September 2016 over Q2 September 2015.

JHS Svendgaard Laboratories is engaged in exporting, importing, trading, buying and selling of oral care/hygiene products (including toothbrushes and toothpastes).

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Cadila Healthcare corrects on profit booking
Nov 29,2016

Meanwhile, the BSE Sensex was up 132.61 points, or 0.50%, to 26,482.78.

On BSE, so far 24,000 shares were traded in the counter, compared with average daily volume of 70,800 shares in the past one quarter. The stock hit a high of Rs 414.60 and a low of Rs 399.10 so far during the day. The stock hit a 52-week high of Rs 429.45 on 1 November 2016. The stock hit a 52-week low of Rs 295.50 on 18 January 2016. The stock had outperformed the market over the past 30 days till 28 November 2016, falling 1.86% compared with the 5.66% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.50% as against Sensexs 7.03% decline.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Re 1.

Shares of Cadila Healthcare rose 12.51% in five trading sessions to settle at Rs 411 yesterday, 28 November 2016, from its close of Rs 365.30 on 21 November 2016.

Cadila Healthcares consolidated net profit fell 28.93% to Rs 337.60 crore on 3.08% increase in net sales to Rs 2336.30 crore in Q2 September 2016 over Q2 September 2015.

Cadila Healthcare is a global pharmaceutical company that discovers, manufactures and markets a broad range of healthcare therapies.

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Rally in Sagar Cements fizzles out on profit booking
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 114.82 points or 0.44% at 26,464.99.

On the BSE, 8,271 shares were traded on the counter so far as against the average daily volumes of 4,956 shares in the past one quarter. The stock had hit a high of Rs 724 and a low of Rs 692.45 so far during the day. The stock had hit a record high of Rs 835 on 14 October 2016. The stock had hit a 52-week low of Rs 350 on 18 February 2016. The stock had outperformed the market over the past one month till 28 November 2016, sliding 2.02% compared with the Sensexs 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 9.82% as against the Sensexs 5.15% fall.

The small-cap company has equity capital of Rs 17.39 crore. Face value per share is Rs 10.

Shares of Sagar Cements rallied 20.5% in the preceding five trading sessions to settle at Rs 714.05 yesterday, 28 November 2016, from its close of Rs 592.80 on 21 November 2016. Lions part of the rally materialized in a single trading session yesterday, 28 November 2016, when the stock settled higher by 15.19%, after the companys board at a meeting held on 28 November 2016, fixed an issue price of Rs 800 per equity share for the proposed issue of 6.11 lakh equity shares of the company on preferential basis, subject to requisite approvals. The issue price is at a premium of 15.04% over ruling market price.

Net profit of Sagar Cements declined 71.53% to Rs 2.50 crore on 29% decline in net sales to Rs 119.20 crore in Q2 September 2016 over Q2 September 2015.

Sagar Cements is engaged in manufacturing of cement.

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Idea Cellular surges on buzz over stake sale in tower subsidiary
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 168.84 points or 0.64% at 26,519.01.

On the BSE, 9.43 lakh shares were traded on the counter so far as against average daily volumes of 10.01 lakh shares in the past one quarter. The stock had hit a high of Rs 79.55 and a low of Rs 77.60 so far during the day. The stock had hit a 52-week high of Rs 147.70 on 27 November 2015. The stock had hit a 52-week low of Rs 66 on 9 November 2016. The stock had outperformed the market over the past one month till 28 November 2016, sliding 0.52% compared with the Sensexs 5.7% fall. The scrip had, however, underperformed the market in past one quarter, declining 19.32% as against the Sensexs 5.15% fall.

The large-cap company has equity capital of Rs 3601.13 crore. Face value per share is Rs 10.

Idea Cellular has dropped its earlier plans to sell a minority stake in the tower business and now it is looking to sell 11,000 telecom towers for close to $1 billion, reports suggested.

On a consolidated basis, Idea Cellulars net profit fell 88% to Rs 91.46 crore on 7.2% growth in net sales to Rs 9298.89 crore in Q2 September 2016 over Q2 September 2015.

Idea Cellular is the third largest wireless operator in India. Idea is part of the Aditya Birla Group, which is one of the largest business groups in India.

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Oil India slips over 4% in two sessions
Nov 29,2016

The result was announced during trading hours yesterday, 28 November 2016. Shares of Oil India fell 2.08% to Rs 427.80. The stock has fallen 4.30% in two trading sessions from its close of Rs 436.90 on 25 November 2016.

Meanwhile, the BSE Sensex was up 193.05 points, or 0.73%, to 26,543.22.

On BSE, so far 61,000 shares were traded in the counter, compared with average daily volume of 74,282 shares in the past one quarter. The stock hit a high of Rs 427.15 and a low of Rs 418.05 so far during the day. The stock hit a 52-week high of Rs 446 on 24 November 2016. The stock hit a 52-week low of Rs 300.50 on 1 March 2016. The stock had outperformed the market over the past 30 days till 28 November 2016, rising 2.58% compared with the 5.66% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.10% as against Sensexs 7.03% decline.

The large-cap company has equity capital of Rs 601.14 crore. Face value per share is Rs 10.

Oil Indias net profit of declined 17.8% to Rs 580.27 crore on 6.5% decline in net sales to Rs 2242.72 crore in Q2 September 2016 over Q2 September 2015.

Meanwhile, the company said in a separate announcement yesterday, 28 November 2016, that its board recommended issuing one bonus equity share for every three existing fully paid up equity share (1:3). The proposal is subject to approval of the shareholders.

The Government of India held 67.64% stake in Oil India as per the shareholding pattern as on 30 September 2016.

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Volumes jump at Motilal Oswal Financial Services counter
Nov 29,2016

Motilal Oswal Financial Services clocked volume of 5.20 lakh shares by 13:24 IST on BSE, a 34.12-times surge over two-week average daily volume of 15,000 shares. The stock rose 3.05% to Rs 512.40.

PI Industries notched up volume of 2.04 lakh shares, a 8.62-fold surge over two-week average daily volume of 24,000 shares. The stock fell 0.68% to Rs 874.25.

Suven Life Sciences saw volume of 4.30 lakh shares, a 8.31-fold surge over two-week average daily volume of 52,000 shares. The stock rose 3.95% to Rs 181.40.

Reliance Industrial Infrastructure clocked volume of 2.07 lakh shares, a 5.08-fold surge over two-week average daily volume of 41,000 shares. The stock rose 10.58% to Rs 394.20.

TVS Electronics saw volume of 6.38 lakh shares, a 4.91-fold rise over two-week average daily volume of 1.30 lakh shares. The stock rose 10% to Rs 161.20.

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Pfizer moves higher after undertaking review of its respiratory portfolio
Nov 29,2016

The announcement was made after market hours yesterday, 28 November 2016.

Meanwhile, the S&P BSE Sensex was up 200.17 points or 0.76% at 26,550.34.

On the BSE, 1,152 shares were traded on the counter so far as against the average daily volumes of 2,553 shares in the past one quarter. The stock had hit a high of Rs 1,850 and a low of Rs 1,818 so far during the day. The stock had hit a 52-week high of Rs 2,540 on 7 December 2015. The stock had hit a 52-week low of Rs 1,611 on 21 March 2016. The stock had outperformed the market over the past one month till 28 November 2016, sliding 0.64% compared with the Sensexs 5.7% fall. The scrip had, however, underperformed the market in past one quarter, declining 7.04% as against the Sensexs 5.15% fall.

The mid-cap company has equity capital of Rs 45.75 crore. Face value per share is Rs 10.

Pfizer has undertaken a comprehensive review of its respiratory offerings to better cover a broader range of indications through an expanded product portfolio. As a result of this review, the company will launch additional products while it may also discontinue the manufacture of certain SKUs where needed.

Pfizer will be launching a series of products as line extensions under the Corex brand name, starting with the first launch in December 2016 and subsequent launches over the next year.

The company has also decided to discontinue the manufacturing of the current Corex Cough Syrup formulation (Codeine Phosphate 10mg + Chlorpheniramine Maleate 4mg).

Pfizer said it stands by the safety and efficacy of its current Corex Cough Syrup formulation that has been duly approved by Central and state regulators. As with this formulation, all additional line extensions will be introduced with all due regulatory approvals in place, it added.

Corex Cough Syrup recorded a sale of Rs 244.48 crore for the financial year ended 31 March 2016.

Pfizers net profit rose 52.5% to Rs 126.33 crore on 4.9% growth in net sales to Rs 530.02 crore in Q2 September 2016 over Q2 September 2015.

Pfizer is a leading biopharmaceutical company.

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Natco Pharma gains after USFDA approval for generic drug
Nov 29,2016

The announcement was made during trading hours today, 29 November 2016.

Meanwhile, the BSE Sensex was up 174.93 points, or 0.66%, to 26,525.10.

On BSE, so far 25,000 shares were traded in the counter, compared with average daily volume of 30,786 shares in the past one quarter. The stock hit a high of Rs 626 and a low of Rs 612.40 so far during the day. The stock hit a record high of Rs 703.95 on 25 August 2016. The stock hit a 52-week low of Rs 390 on 29 March 2016. The stock had outperformed the market over the past 30 days till 28 November 2016, rising 2.36% compared with the 5.66% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 10.65% as against Sensexs 7.03% decline.

The large-cap company has equity capital of Rs 34.86 crore. Face value per share is Rs 2.

Natco Pharma announced receiving final approval of Abbreviated New Drug Application (ANDA) containing a paragraph IV certification filed with the US Food and Drug Administration (USFDA) for generic version of Armodafinil tablets, 50 milligrams (mg), 150 mg, and 250 mg. Natco and its marketing partner Breckenridge Pharmaceutical, Inc., plan to launch this product in the US market immediately.

Cephalon (acquired by Teva in 2011) sells Armodafinil 50mg, 150mg, and 250mg tablets under brand name NUVUGIL in the US market. NUVUGIL is a wakefulness promoting agent for oral administration. NUVUGIL Tablets had US sales of approximately $480 million for twelve months ending December 2015, according to IMS Health.

On a consolidated basis, net profit of Natco Pharma rose 127.21% to Rs 66.55 crore on 75.56% rise in net sales to Rs 415.21 crore in Q2 September 2016 over Q2 September 2015.

Natco Pharma manufactures generic dosage forms, bulk actives and intermediates for the Indian and international markets.

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Cox & Kings slips on weak Q2 results
Nov 29,2016

The result was announced after market hours yesterday, 28 November 2016.

Meanwhile, the BSE Sensex was up 190.99 points, or 0.72%, to 26,541.16.

On BSE, so far 80,000 shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 166.30 and a low of Rs 159.10 so far during the day. The stock hit a 52-week high of Rs 256.45 on 6 January 2016. The stock hit a 52-week low of Rs 140.50 on 17 February 2016. The stock had underperformed the market over the past 30 days till 28 November 2016, falling 26.52% compared with the 5.66% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.70% as against Sensexs 7.03% decline.

The small-cap company has equity capital of Rs 88.28 crore. Face value per share is Rs 5.

Cox & Kings is a leading leisure and education travel group with operations in 22 countries across 4 continents.

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Bharat Financial Inclusion jumps on foreign brokerage rating
Nov 29,2016

Meanwhile, the S&P BSE Sensex was up 177.12 points or 0.67% at 26,527.29.

On BSE, so far 3.08 lakh shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past one quarter. The stock hit a high of Rs 734.50 and a low of Rs 691 so far during the day. The stock had hit a 52-week high of Rs 938.75 on 29 July 2016. The stock had hit a 52-week low of Rs 434.85 on 9 December 2015. The stock had underperformed the market over the past one month till 28 November 2016, sliding 22.94% compared with the Sensexs 5.7% fall. The scrip had also underperformed the market in past one quarter, declining 13.28% as against the Sensexs 5.15% fall.

The mid-cap company has equity capital of Rs 137.91 crore. Face value per share is Rs 10.

The foreign brokerage reportedly said that Bharat Financial Inclusion has collected 89% of its overall dues over the period from 11 November to 25 November 2016.

Bharat Financial Inclusions net profit rose 87.4% to Rs 145.88 crore on 38.6% increase in total income to Rs 449.60 crore in Q2 September 2016 over Q2 September 2015.

Bharat Financial Inclusion is among the largest microfinance companies in India.

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Surana Solar spurts after winning order
Nov 29,2016

The announcement was made after market hours yesterday, 28 November 2016.

Meanwhile, the BSE Sensex was up 166.80 points, or 0.63%, to 26,516.97.

On BSE, so far 1.04 lakh shares were traded in the counter, compared with average daily volume of 25,420 shares in the past one quarter. The stock hit a high of Rs 25.10 and a low of Rs 23.80 so far during the day. The stock hit a 52-week high of Rs 39.75 on 7 January 2016. The stock hit a 52-week low of Rs 19 on 24 June 2016. The stock had underperformed the market over the past 30 days till 28 November 2016, falling 9.71% compared with the 5.66% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.96% as against Sensexs 7.03% decline.

The small-cap company has equity capital of Rs 24.60 crore. Face value per share is Rs 5.

Surana Solar has been awarded an engineering procurement construction (EPC) contract for design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system & comprehensive operation & maintenance for 10 years of a 10 megawatts (MW) (AC) solar power plant by Paradip Port Trust, Odisha (India). The total EPC contract awarded is Rs 60.60 crore and for Operations and Maintenance (O&M) works for ten years is Rs 4.75 crore, which is more than 50% of the turnover of the financial year 2015-2016.

Net profit of Surana Solar rose 7.50% to Rs 0.43 crore on 25.30% decline in net sales to Rs 17.69 crore in Q2 September 2016 over Q2 September 2015.

Surana Solar is one of the leading manufacturers of solar photovoltaic modules in India.

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Weak Q2 earnings weigh on Hindustan Composites
Nov 29,2016

The result was announced after market hours yesterday, 28 November 2016.

Meanwhile, the S&P BSE Sensex was up 194.91 points or 0.74% at 26,545.08.

On BSE, so far 350 shares were traded in the counter as against average daily volume of 1,326 shares in the past one quarter. The stock hit a high of Rs 1,701 and a low of Rs 1,599 so far during the day. The stock had hit a record high of Rs 2,119 on 20 September 2016. The stock had hit a 52-week low of Rs 750 on 8 April 2016. The stock had underperformed the market over the past one month till 28 November 2016, sliding 12.24% compared with the Sensexs 5.7% fall. The scrip had, however, outperformed the market in past one quarter, advancing 37.05% as against the Sensexs 5.15% fall.

The small-cap company has equity capital of Rs 4.92 crore. Face value per share is Rs 10.

Hindustan Composites is a pioneer in the development, manufacture & marketing of industrial products and friction materials in India.

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