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Future Consumer, LT Foods nudge higher on rice distribution pact
Dec 07,2016

The announcement was made after market hours yesterday, 6 December 2016.

Future Consumer (up 0.48% at Rs 20.95) and LT Foods (up 5.17% at Rs 280.80) edged higher.

Meanwhile, the S&P BSE Sensex was up 47.96 points or 0.18% at 26,440.72.

Future Consumer, LT Foods and Genoa Rice Mills (Genoa) entered into a joint venture (JV) agreement dated 6 December 2016, for undertaking the business of manufacturing, marketing, sales, sourcing and distribution of Sona Masoori/regional South Indian rice.

Future Consumer and LT Foods each shall hold 50% of the paid-up share capital of Genoa. Future Consumer and LT Foods inter alia shall have the right to nominate two directors each, on the board of Genoa and they shall also have the right to vote on reserved matters as provided under the JV agreement.

LT Foods and Genoa are not related to any of the promoter/promoter entities of Future Consumer. The JV agreement executed between Future Consumer, LT Foods and Genoa does not fall within the ambit of related party transactions.

Future Consumer is Indias first sourcing-to-supermarket food company by Future Group. On a consolidated basis, the company reported net loss of Rs 16.17 crore in Q2 September 2016, compared with net loss of Rs 28.66 crore in Q2 September 2015. Net sales rose 30.6% to Rs 559.83 crore in Q2 September 2016 over Q2 September 2015.

LT Foods has a diversified product portfolio of branded basmati rice, value-added staples and organic food. The companys consolidated net profit rose 9.4% to Rs 25.01 crore on 20.4% growth in net sales to Rs 829.24 crore in Q2 September 2016 over Q2 September 2015.

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Adani Enterprises gains after incorporating subsidiary for cement business
Dec 07,2016

The announcement was made after market hours yesterday, 6 December 2016.

Meanwhile, the BSE Sensex was up 37.24 points, or 0.14%, to 26,429.92.

On the BSE, 1.28 lakh shares were traded in the counter so far, compared with average daily volume of 4.06 lakh shares in the past one quarter. The stock had hit a high of Rs 71.10 and a low of Rs 70.05 so far during the day. The stock had hit a 52-week high of Rs 92 on 4 January 2016. The stock had hit a 52-week low of Rs 58.35 on 9 November 2016.

The stock had outperformed the market over the past one month till 6 December 2016, rising 11.77% compared with the Sensexs 3.23% fall. The scrip had also outperformed the market in past one quarter, declining 3.19% as against the Sensexs 8.92% fall.

The mid-cap company has equity capital of Rs 109.98 crore. Face value per share is Re 1.

Adani Enterprises said that Adani Cementation (ACL) will carry on the cement business and is yet to commence its business operations. The company is incorporated in India.

Adani Enterprises consolidated net profit fell 78.9% to Rs 63.09 crore on 15.9% decline in net sales to Rs 7591.28 crore in Q2 September 2016 over Q2 September 2015.

Adani Enterprises is the flagship entity of the Adani group. Adani Enterprises started as a trading firm dealing in myriad commodities. Over a period of time, coal became its main stay and after it emerged as Indias leading coal importer, it made forays into multiple sectors as forward and backward integration.

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GVK Power gains as promoter raises stake
Dec 07,2016

Meanwhile, the S&P BSE Sensex was up 39.93 points or 0.15% at 26,432.69.

On the BSE, 93,000 shares were traded on the counter so far as against the average daily volumes of 17.67 lakh shares in the past one quarter. The stock had hit a high of Rs 5.82 and a low of Rs 5.62 so far during the day.

The stock had hit a 52-week high of Rs 9.44 on 12 January 2016 on and a record low of Rs 4.13 on 6 June 2016. It had underperformed the market over the past one month till 6 December 2016, sliding 13.9% compared with the Sensexs 3.23% fall. The scrip had also underperformed the market in the past one quarter, declining 12.17% as against the Sensexs 8.92% fall.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.

G V Krishna Reddy offloaded 2.37 crore shares of GVK Power & Infrastructure (GVK Power) at Rs 5.70 per share in a bulk deal on the NSE on 6 December 2016. G V Sanjay Reddy sold 4.26 crore shares at Rs 5.70 a piece. Krishnaram Bhupal liquidated 2.84 crore shares at Rs 5.70 per share. Vertex Projects LLP bought all 9.48 crore shares in these deals.

G V Krishna Reddy, G V Sanjay Reddy, Krishnaram Bhupal and Vertex Projects LLP owned 4.12%, 7.42%, 4.95% and 37.76% stake respectively in GVK Power end September 2016.

GVK Power & Infrastructure reported net loss of Rs 13.41 crore in Q2 September 2016, compared with net loss of Rs 8.09 crore in Q2 September 2015. Net sales rose 3.2% to Rs 7.13 crore in Q2 September 2016 over Q2 September 2015.

GVK Power & Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

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Suven Life Sciences gets healthier after securing one product patent in India
Dec 07,2016

The announcement was made during market hours today, 7 December 2016.

Meanwhile, the BSE Sensex was up 50.21 points, or 0.19%, to 26,444.92.

On the BSE, 20,974 shares were traded in the counter so far, compared with average daily volume of 83,973 shares in the past one quarter. The stock had hit a high of Rs 188.70 and a low of Rs 183.45 so far during the day. The stock had hit a 52-week high of Rs 275.20 on 29 December 2015. The stock had hit a 52-week low of Rs 144.35 on 19 February 2016.

The stock had outperformed the market over the past one month till 6 December 2016, rising 5.78% compared with the Sensexs 3.23% fall. The scrip had also outperformed the market in past one quarter, falling 2.58% as against the Sensexs 8.92% fall.

The small-cap company has equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences said that the patent is corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases and the patent is valid through 2024.

Suven has a total of twenty granted patents from India, with this new patent. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at phase-I or phase-II.

Suven Life Sciences net profit rose 5.2% to Rs 26.56 crore on 1.2% decline in net sales to Rs 115.55 crore in Q2 September 2016 over Q2 September 2015.

Suven Life Sciences is a biopharmaceutical company specializing in drug discovery and developmental activities in central nervous system disorders and contract research and manufacturing services (CRAMS).

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Ess Dee Aluminium surges on revival hopes
Dec 07,2016

The announcement was made after market hours yesterday, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 27.02 points or 0.1% at 26,419.78.

On the BSE, 5,403 shares were traded on the counter so far as against the average daily volumes of 17,199 shares in the past one quarter. The stock had opened with an upward gap of 5% and remained locked at that level at Rs 44.35 so far during the day.

The stock had hit a 52-week high of Rs 311 on 7 December 2015 and a record low of Rs 39.05 on 24 November 2016. It had underperformed the market over the past one month till 6 December 2016, sliding 19.29% compared with the Sensexs 3.23% fall. The scrip had also underperformed the market in the past one quarter, declining 23.74% as against the Sensexs 8.92% fall.

The small-cap company has equity capital of Rs 32.05 crore. Face value per share is Rs 10.

Ess Dee Aluminium is suffering from severe financial stress due to liquidity constraints which in turn have resulted in to the companys manufacturing plant being virtually non-operational with negligible production. The company has been looking at various options for revival and has been in active discussion with existing and prospective lenders.

In this context, he funds managed/advised by SSG Capital Management and their associates (the prospective investor) have agreed to participate in the revival of the company. The agreement is subject to the consent from the companys bankers/lenders to facilitate a re-working of companys capital structure to long term sustainable levels. The company is hopeful of recommencing the production early in the new calendar year.

Ess Dee Aluminum reported net loss of Rs 58.76 crore in Q1 June 2016, higher than net loss of Rs 13.11 crore in Q1 June 2015. Net sales declined 99.8% to Rs 0.25 crore in Q1 June 2016 over Q1 June 2015.

Ess Dee Aluminum manufactures aluminium foils for packaging purpose.

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KEI Inds gains as new production line gets operational this month
Dec 07,2016

The company gave an update after market hours yesterday, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 29.51 points or 0.11% at 26,422.27.

On the BSE, 11,249 shares were traded in the counter so far as against average daily volume of 51,712 shares in the past one quarter.

The stock had hit a high of Rs 124.90 and a low of Rs 122.15 so far during the day. The stock had hit a 52-week high of Rs 139.50 on 10 November 2016. The stock had hit a 52-week low of Rs 86 on 29 February 2016. The stock had outperformed the market over the past one month till 6 December 2016, rising 5.59% compared with the Sensexs 3.23% fall. The scrip had also outperformed the market in past one quarter, gaining 4.95% as against the Sensexs 8.92% fall.

The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 2.

KEI Industries had earlier announced capex/expansion at Chopanki plant in Rajasthan.

KEI Industries net profit rose 49.1% to Rs 22.90 crore on 2.1% growth in net sales to Rs 620.65 crore in Q2 September 2016 over Q2 September 2015.

KEI Industries is a leading player in the wires and cables industry.

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Lupin edges higher after getting final USFDA approval for generic ointment
Dec 07,2016

The announcement was made after market hours yesterday, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 49.06 points or 0.19% at 26,441.82.

On the BSE, 21,827 shares were traded on the counter so far as against the average daily volumes of 98,710 shares in the past one quarter. The stock had hit a high of Rs 1,544.85 and a low of Rs 1,513.10 so far during the day.

The stock had hit a 52-week high of Rs 1,911.55 on 9 February 2016. The stock had hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had outperformed the market over the past one month till 6 December 2016, rising 7.54% compared with the Sensexs 3.23% fall. The scrip had also outperformed the market in past one quarter, declining 0.49% as against the Sensexs 8.92% fall.

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

Lupin said that its US subsidiary, Lupin Pharmaceuticals, Inc. received final approval for its Desoximetasone Ointment USP, 0.25% from the United States Food & Drug Administration (USFDA) to market a generic version of Taro Pharmaceuticals, Incs Topicort Ointment, 0.25%.

It is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses. Topicort had annual US sales of $14.4 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.

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ICICI Bank nudges higher on fund raising plans
Dec 07,2016

The announcement was made after market hours yesterday, 6 December 2016.

Meanwhile, the BSE Sensex was up 56.96 points, or 0.22%, to 26,449.72.

On the BSE, 24,000 shares were traded in the counter so far, compared with average daily volume of 14.97 lakh shares in the past two weeks. The stock had hit a high of Rs 263 and a low of Rs 261.95 so far during the day.

ICICI Bank announced that the committee of executive directors of the bank is scheduled to have a meeting on 9 December 2016, to consider fund raising in single/multiple tranches in any currency through public/private placement by way of issuances of debt instruments etc. for the remaining period of the financial year ending 31 March 2017 (FY 2017).

ICICI Banks net profit rose 2.4% to Rs 3102.27 crore on 41.3% rise in total income to Rs 22759.08 crore in Q2 September 2016 over Q2 September 2015.

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

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Bank of India drops after revising MCLR rates
Dec 06,2016

The announcement was made after market hours yesterday, 5 December 2016.

Meanwhile, the S&P BSE Sensex was up 29.77 points or 0.11% at 26,378.87.

On the BSE, 2.05 lakh shares were traded in the counter so far as against average daily volume of 5.94 lakh shares in the past one quarter. The stock had hit high of Rs 118.35 and low of Rs 116.55 so far during the day.

Bank of Indias overnight marginal cost of funds based lending rate (MCLR) was fixed at 9%, one month MCLR was fixed at 9.05%, three month MCLR was fixed at 9.1%, six months MCLR was fixed at 9.15% and one year MCLR was fixed at 9.25%.

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

The Government of India held 73.72% stake in Bank of India (as per the shareholding pattern as on 30 September 2016).

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Bank of India drops after revising MCLR
Dec 06,2016

The announcement was made after market hours yesterday, 5 December 2016.

Meanwhile, the S&P BSE Sensex was up 29.77 points or 0.11% at 26,378.87.

On the BSE, 2.05 lakh shares were traded in the counter so far as against average daily volume of 5.94 lakh shares in the past one quarter. The stock had hit high of Rs 118.35 and low of Rs 116.55 so far during the day.

Bank of Indias overnight marginal cost of funds based lending rate (MCLR) was fixed at 9%, one month MCLR was fixed at 9.05%, three month MCLR was fixed at 9.1%, six months MCLR was fixed at 9.15% and one year MCLR was fixed at 9.25%.

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

The Government of India held 73.72% stake in Bank of India (as per the shareholding pattern as on 30 September 2016).

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Blue Blends (India) jumps as board plans to consider fund raising
Dec 06,2016

The announcement was made during market hours today, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 66.05 points or 0.25% at 26,415.15.

More than usual volumes were witnessed on the counter. On the BSE, 48,915 shares were traded on the counter so far as against average daily volume of 16,693 shares in the past one quarter. The stock had hit a high of Rs 50 and a low of Rs 42 so far during the day.

The small-cap company has an equity capital of Rs 20.59 crore. Face value per share is Rs 10.

Blue Blends (India) is among the leading textiles manufacturers of the country.

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DCW surges after reporting strong Q2 results
Dec 06,2016

The result was announced during market hours today, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 66.05 points or 0.25% at 26,415.15.

More than usual volumes were witnessed on the counter. On the BSE, 7.39 lakh shares were traded on the counter so far as against average daily volume of 5.01 lakh shares in the past one quarter. The stock had hit a high of Rs 31.25 and a low of Rs 29 so far during the day.

The small-cap company has an equity capital of Rs 44.20 crore. Face value per share is Rs 2.

DCW is an industry pioneer with a strong presence in the chlor-alkali, synthetic rutile and PVC business segments.

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Ballarpur Industries slips after net loss widens in Q2
Dec 06,2016

The result was announced before market hours today, 6 December 2016.

Meanwhile, the S&P BSE Sensex was up 113.29 points or 0.51% at 26,486.08.

On the BSE, 2.78 lakh shares were traded on the counter so far as against average daily volume of 5.84 lakh shares in the past one quarter. The stock had hit a high of Rs 16.05 and a low of Rs 15.10 so far during the day.

The small-cap company has an equity capital of Rs 131.10 crore. Face value per share is Rs 2.

Ballarpur Industries net total income from operations fell 56.56% to Rs 461.76 crore in Q2 September 2016 over Q2 September 2015.

The Ballarpur Group is the largest manufacturer of writing and printing paper in India.

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Venkys (India) slumps after reporting weak Q2 results
Dec 06,2016

The result was announced during market hours today, 6 December 2016.

Meanwhile, the BSE Sensex was up 100.44 points, or 0.38%, to 26,449.54.

More than usual volumes were witnessed on the counter. On the BSE, 30,088 shares were traded in the counter so far, compared with an average volume of 14,689 shares in the past one quarter. The stock had hit a high of Rs 501 and a low of Rs 460.15 so far during the day.

The small-cap company has an equity capital of Rs 14.09 crore. Face value per share is Rs 10.

The VH Group, known the world over as Venkys. is the largest fully integrated poultry group in Asia.

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Future Retail gets buyers attention after turnaround Q2 results
Dec 06,2016

The result was announced during market hours today, 6 December 2016.

Meanwhile, the BSE Sensex was up 100.44 points, or 0.38%, to 26,449.54.

On the BSE, 78,173 shares were traded in the counter so far, compared with an average volume of 29,888 shares in the past one quarter. The stock hit a high of Rs 130 and a low of Rs 120.20 so far during the day.

The mid-cap company has an equity capital of Rs 94.27 crore. Face value per share is Rs 2.

Future Retails total income from operations jumped 1062.96% to Rs 4191.45 crore in Q2 September 2016 over Q2 September 2015.

Future Retail operates multiple retail formats in both the hypermarket, supermarket and home segments of the Indian consumer market including Big Bazaar, Fashion at Big Bazaar, Food Bazaar, Foodhall, HomeTown and eZone.

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