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Board of Shree Surgovind Tradelink to review September quarter results
Nov 09,2016

Shree Surgovind Tradelink announced that the meeting of the Board of Directors of the Company will be held on 15 November 2016, inter alia, to consider among other things:

1. Unaudited Financial Results for the quarter ended September 30, 2016.

2. Noting of order passed by NCLT for compounding of offence under section 63 & 68 of Companies Act, 1956 against erstwhile Directors of the Company.

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Bombay Burmah slides as net loss widens in Q2
Nov 09,2016

The result was announced after market hours yesterday, 8 November 2016.

Meanwhile, the S&P BSE Sensex was down 755.39 points or 2.74% at 26,835.75.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 70,827 shares in the past one quarter. The stock hit a high of Rs 542.90 and a low of Rs 494.55 so far during the day. The stock had hit a 52-week low of Rs 311 on 12 February 2016. The stock had hit a record high of Rs 673.40 on 5 October 2016. The stock had underperformed the market over the past one month till 8 November 2016, sliding 13.88% compared with 1.67% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 15.2% as against Sensexs 2.1% fall.

The mid-cap company has equity capital of Rs 13.95 crore. Face value per share is Rs 2.

Bombay Burmah Trading Corporations net sales rose 10.4% to Rs 66.75 crore in Q2 September 2016 over Q2 September 2015.

Bombay Burmah Trading Corporation has diversified its interests into tea, coffee, other plantation products, biscuit and dairy products, auto electric and white goods parts, weighing products, horticulture and landscaping services, healthcare products (viz.) dental, orthopaedic and opthalmic products.

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Board of Nettlinx approves investment in Berlin based Salion SE
Nov 09,2016

Nettlinx announced that the Board of Directors of the Company at its meeting held on 09 November 2016 transacted the following -

Approved investment in Salion SE, Asset Management company based in Berlin, Germany to acquire a control upto 95% of Salion SE.

Appointment of Dr Erwin Leopold Dieck as Independent Director of the Company.

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Great Eastern Shipping Company contracts to buy two Aframax Crude Carriers
Nov 09,2016

Great Eastern Shipping Company has signed a contract to buy two Aframax Crude Carriers of about 105,000 dwt. The 2011 and 2012 built vessels are expected to join the Companys fleet by Q4 2017.

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Board of Rushil Decor to decide various fund raising options
Nov 09,2016

Rushil Decor announced that in the Board Meeting to be held on 12 November 2016, following proposal will be considered and approved by the board of directors along with other agendas:

1. Fund raising by way of Preferential issue of warrants convertible into equity shares to persons other than promoter and promoter group and for matters incidental thereto in compliance with the Chapter VII of the SEBI (ICDR) Regulations, 2009;

2. To discuss about fund raising by any other alternative mode;

3. To decide about the date, day time, venue etc. of Extra Ordinary General Meeting to be held for approving the aforesaid agendas and matters incidental thereto.

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DCM Shriram Industries fixes record date for interim dividend
Nov 09,2016

DCM Shriram Industries has fixed 24 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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IT stocks drop as Donald Trump slated to win US presidential elections
Nov 09,2016

Meanwhile, the S&P BSE Sensex was down 947.46 points or 3.43% at 26,643.68.

HCL Technologies (down 2.39%), TCS (down 5.17%), Infosys (down 3.24%), Tech Mahindra (down 4.6%) and Wipro (down 2.41%) edged lower.

The BSE IT index underperformed the market over the past one month till 8 November 2016, falling 2.33% compared with the Sensexs 1.67% fall. The index also underperformed the market in past one quarter, dropping 10.35% as against the Sensexs 2.1% decline.

So far, Trump won 264 votes and Hillary won 215 votes in a 270 Electoral College votes needed to win the White House. Trump is known to be in favour of protectionist measures, such as stricter visa norms to curtail jobs for Indian and other non-US employees. Trump has made outsourcing and liberal immigration laws a major campaign issue in this election in an effort to protect American jobs. IT firms profit margins are expected to come under pressure if Trump tightens immigration laws and take harsh measures to discourage outsourcing.

US is the biggest outsourcing market for the Indian IT firms.

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Apar Industries announces change in Chairman
Nov 09,2016

Apar Industries announced that the Board of Directors of the Company at its meeting held on 08 November 2016 appointed Kushal N Desai, Managing Director as Chairman of the Board in place of Dr Narendra D Desai who ceased to be Director due to his death.

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Hinduja Foundries slumps after dismal Q2 numbers
Nov 09,2016

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

Meanwhile, the S&P BSE Sensex was down 864.98 points or 3.13% at 26,726.16.

On BSE, so far 4,735 shares were traded in the counter as against average daily volume of 15,177 shares in the past one quarter. The stock hit a high of Rs 35 and a low of Rs 30 so far during the day. The stock had hit a 52-week low of Rs 27.30 on 12 February 2016. The stock had hit a 52-week high of Rs 65 on 7 July 2016. The stock had outperformed the market over the past one month till 8 November 2016, sliding 1.41% compared with 1.67% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 36.39% as against Sensexs 2.1% fall.

The small-cap company has equity capital of Rs 207.05 crore. Face value per share is Rs 10.

Hinduja Foundries total income from operations declined 1.07% to Rs 155.57 crore in Q2 September 2016 over Q2 September 2015.

Hinduja Foundries is one of the Indias leading foundry group with the capacity to produce cylinder block and head ranging from 25 kilograms (kgs) to 500 kgs. From castings for automobiles and tractors to industrial engines, construction equipment and power generation equipment, Hinduja Foundries meets the stringent requirement of diverse segments. It even caters to the exceptionally high standards of defence applications.

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Board of Vas Infrastructure to review September quarter and half year results
Nov 09,2016

Vas Infrastructure announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider following items:

1. To take on record/approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

2. To take on record the Limited Review Report given by the Statutory Auditors on the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Board of Vas Infrastructure to review September quarter and half year results
Nov 09,2016

Vas Infrastructure announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider following items:

1. To take on record/approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

2. To take on record the Limited Review Report given by the Statutory Auditors on the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Golden Properties & Traders Board to review September quarter results
Nov 09,2016

Golden Properties & Traders announced that the Board Meeting for the purpose of Review of Unaudited Financial Results of the Company for the quarter ended 30 September 2016 shall be held on 14 November 2016.

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Golden Properties & Traders Board to review September quarter results
Nov 09,2016

Golden Properties & Traders announced that the Board Meeting for the purpose of Review of Unaudited Financial Results of the Company for the quarter ended 30 September 2016 shall be held on 14 November 2016.

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Yashraj Containeurs to announce September quarter and half year results
Nov 09,2016

Yashraj Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Yashraj Containeurs to announce September quarter and half year results
Nov 09,2016

Yashraj Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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