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Thomas Cook advances after closing Kuonis DMS biz acquisition
Jun 30,2017

The announcement of acquisition was made during market hours yesterday, 29 June 2017. The stock had gained 3.4% to Rs 235.90 yesterday, 29 June 2017.

Meanwhile, the S&P BSE Sensex was down 25.73 points or 0.08% at 30,831.79. The S&P BSE Mid-Cap index was up 18.27 points or 0.13% at 14,570.76.

On the BSE, 32,045 shares were traded on the counter so far as against the average daily volumes of 46,401 shares in the past one quarter. The stock had hit a high of Rs 244 in intraday trade, which is a 52-week high for the stock. The stock had hit a low of Rs 231.80 so far during the day. The stock had hit a 52-week low of Rs 165.60 on 19 May 2016.

The stock has gained 9.07% in three sessions to its ruling price from a close of Rs 223.25 on 27 June 2017.

The stock had outperformed the market over the past one month till 29 June 2017, gaining 15.02% compared with 0.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.09% as against Sensexs 4.49% gains. The scrip had, however, underperformed the market in past one year, gaining 9.7% as against Sensexs 15.4% gains.

The mid-cap company has equity capital of Rs 36.68 crore. Face value per share is Rs 1.

Thomas Cook (India) announced the completion of the acquisition of a significant part of Kuonis global DMS network.

As a part of this acquisition, the Thomas Cook India Group will now include leading Destination Management Specialists (DMS) like Asian Trails (APAC), Desert Adventures (MENA), ATM-Australian Tours Management (Australia), Allied T Pro (North America), Private Safaris (Eastern Africa) and Private Safaris (Southern Africa) under its network creating a seamless delivery capability for the group and its B2B and B2C customersacross 21 countries and 4 continents.

With this move, The Thomas Cook India Groups travel business network has now expanded significantly - the addition of 17 new countries, increasing its footprint to now cover 21 countries.

The Group, which prior to this acquisition, comprised Thomas Cook (India), SOTC Travel, TCI-SITA and Kuoni Hong Kong had a network spanning 4 countries - India, Sri Lanka, Mauritius and Hong Kong.

Post the acquisition, The Thomas Cook India Group, hasbeen transformed into one of the largest travel service provider networks headquartered in the Asia-Pacific region.

Acquisition of Kuonis global network of Destination Management Specialists (DMS) from Kuoni Travel Investments, Zurich, Switzerland andIor its affiliates was made by Travel Corporation (India) and SOTC Travel, wholly owned subsidiaries of the company.

This acquisition will help the company to enhance and integrate end to end service delivery capabilities and target strategic benefits across inbound, outbound, meetings, incentives, conferences, and events (MICE) and corporate travel businesses - helping deliver superior products, service and value to stakeholders.

On a consolidated basis, Thomas Cook reported net loss of Rs 6.29 crore in Q4 March 2017 compared with net loss of Rs 87.53 crore in Q4 March 2016. Net sales rose 10.4% to Rs 2059.21 crore in Q4 March 2017 over Q4 March 2016.

Thomas Cook (India) is an integrated travel and travel related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, MICE, leisure travel, insurance, visa & passport services and e-business.

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Kesoram Industries spurts after large bulk deal
Jun 30,2017

Meanwhile, the S&P BSE Sensex was down 68.01 points or 0.22% at 30,789.51. Meanwhile, the S&P BSE Small-Cap index was up 4.60 points or 0.03% at 15,314.81.

Bulk deal boosted volume on the scrip. On BSE, so far 78.53 lakh shares were traded in the counter as against average daily volume of 1.14 lakh shares in the past one quarter. The stock hit a high of Rs 147.50 and a low of Rs 135.50 so far during the day. The stock had hit a 52-week high of Rs 201.60 on 6 October 2016. The stock had hit a 52-week low of Rs 117.95 on 27 December 2016.

The stock had underperformed the market over the past one month till 29 June 2017, falling 3.93% compared with 0.81% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 4.5% as against Sensexs 4.49% gains. The scrip had also underperformed the market in past one year, rising 2.62% as against Sensexs 15.4% gains.

The small-cap company has equity capital of Rs 117.27 crore. Face value per share is Rs 10.

Kesoram Industries reported net loss of Rs 74.51 crore in Q4 March 2017, as compared with net profit of Rs 720.33 crore in Q4 March 2016. Net sales declined 8.52% to Rs 969.52 crore in Q4 March 2017 over Q4 March 2016.

Kesoram Industries is a diversified company. The company manufactures tyres, cement and rayon yarn.

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Phillips Carbon Black declines after recent rally
Jun 30,2017

Meanwhile, the S&P BSE Sensex was down 34.81 points, or 0.11% at 30,822.71. The S&P BSE Small-Cap index was up 6 points, or 0.04% at 15,316.21.

On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past one quarter. The stock had hit a high of Rs 621.20 and a low of Rs 608.55 so far during the day. The stock had hit a record high of Rs 663.75 on 20 June 2017 and a 52-week low of Rs 160 on 1 July 2016.

The stock had outperformed the market over the past one month till 29 June 2017, advancing 48.07% compared with the Sensexs 0.81% fall. The scrip had also outperformed the market over the past one quarter gaining 95.34% as against the Sensexs 4.49% rise. The scrip had also outperformed the market over the past one year advancing 280% as against the Sensexs 15.4% rise.

The small-cap company has equity capital of Rs 34.47 crore. Face value per share is Rs 10.

Shares of Phillips Carbon Black had rallied 8.72% in the preceding two trading sessions to settle at Rs 622.25 yesterday, 29 June 2017, from its close of Rs 572.35 on 27 June 2017.

Phillips Carbon Blacks net profit spurted 930.8% to Rs 28.14 crore on 21% increase in net sales to Rs 549.98 crore in Q4 March 2017 over Q4 March 2016.

Phillips Carbon Black is engaged in the manufacture and sale of carbon black, which is used by the rubber industry. It operates through two segments: Carbon black and Power.

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Emmbi Industries advances after incorporating LLP
Jun 30,2017

The announcement was made after market hours yesterday, 29 June 2017.

Meanwhile, the S&P BSE Sensex was down 74.96 points or 0.24% at 30,782.56. The BSE Small-Cap index was down 12.02 points or 0.08% at 15,298.19.

On the BSE, 310 shares were traded on the counter so far as against the average daily volumes of 13,629 shares in the past one quarter. The stock had hit a high of Rs 188.75 and a low of Rs 183.10 so far during the day. The stock had hit a record high of Rs 209.20 on 29 May 2017. The stock had hit a 52-week low of Rs 104 on 29 June 2016.

The stock had underperformed the market over the past one month till 29 June 2017, falling 9.48% compared with 0.81% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 23.64% as against Sensexs 4.49% gains. The scrip had also outperformed the market in past one year, gaining 52.18% as against Sensexs 15.4% gains.

The small-cap company has equity capital of Rs 17.69 crore. Face value per share is Rs 10.

Emmbi WatCon LLP is incorporated as a Limited Liability Partnership with 99.99% share directly and 0.01% share through its director, in the LLP. The main objective of the LLP is to undertake water conservation related contracts.

Emmbi WatCon LLP will undertake turnkey contracts including installation to do water conservation activities by providing and installing canal liners for various government irrigation corporations, which will be using the canal liner fabric manufactured by Emmbi Industries.

Emmbi Industries net profit rose 10.2% to Rs 4.09 crore on 12.3% rise in net sales to Rs 63.22 crore in Q4 March 2017 over Q4 March 2016.

Emmbi Industries is engaged in the business of manufacturing and trading of plastics products.

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CDSL surges on debut
Jun 30,2017

Meanwhile, the Nifty 50 index was down 19.65 points, or 0.21%, to 9,484.45.

Shares of Central Depository Services (India) (CDSL) debuted at Rs 250 on NSE, a 67.79% premium over its initial public offer (IPO) price of Rs 149 per share. So far the stock hit a high of Rs 268 and low of Rs 250. On NSE, so far 2.84 crore shares were traded on the counter.

The initial public offer (IPO) of Central Depository Services (India) (CDSL) received bids for 422.45 crore shares, NSE data showed. The IPO was subscribed 170.16 times. The IPO opened for bidding on 19 June 2017 and closed on 21 June 2017.

Category wise, the qualified institutional buyers (QIBs) category was subscribed 148.71 times. The non institutional investors (NIIs) category was subscribed 563.03 times. The retail individual investors (RIIs) category was subscribed 23.83 times.

Ahead of the opening of the IPO, CDSL had raised Rs 154.06 crore from anchor investors by selling 1.03 crore shares. The shares were allotted to the anchor investors at Rs 149 per share, the top end of the Rs 145 to Rs 149 per share price band for the initial public offering (IPO).

Anchor investors included FIL Investments (Mauritius), ICICI Prudential Dividend Yield Equity Fund, HDFC Standard Life Insurance Co., IDFC Equity Fund, DSP BlackRock, SBI Mutual Fund, Tata Mutual Fund, HSBC Indian Equity Mother Fund, Axis Mutual Fund, IIFL Special Opportunities Fund, Abu Dhabi Investment Authority, and Goldman Sachs India among others.

Post-IPO, promoter BSEs stake in CDSL reduced to 24% from 50.05%. Shares of CDSL were listed only on the National Stock Exchange (NSE) and not on the Bombay Stock Exchange (BSE) as the latter is the promoter of the depository.

Consolidated sales were up 19% to Rs 146 crore and the operating profit margins increased from 52% to 54.4%, resulting in a 24% spurt in operating profit to Rs 79.42 crore in FY 2017. After providing total tax of Rs 29.98 crore, consolidated profit after tax stood at Rs 86.59 crore.

CDSL is the leading securities depository in India by incremental growth of beneficial owner (BO) accounts. However, in terms of market share, the company is the second largest depository in India. The depository commenced in 1999 to provide convenient, dependable and secure depository services at affordable cost to all market participants.

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Unichem Lab in pink of health after USFDA clears Goa unit
Jun 30,2017

The announcement was made during market hours today, 30 June 2017.

Meanwhile, the S&P BSE Sensex was down 37.47 points, or 0.12% to 30,820.05. The S&P BSE Small-Cap index was down 14.45 points, or 0.09% to 15,295.76.

On the BSE, 7,767 shares were traded in the counter so far, compared with average daily volumes of 33,312 shares in the past one quarter. The stock had hit a high of Rs 277 and a low of Rs 259.10 so far during the day. The stock had hit a 52-week high of Rs 319.90 on 20 October 2016. The stock had hit a 52-week low of Rs 239.05 on 30 May 2017.

The stock had outperformed the market over the past one month till 29 June 2017, gaining 7.52% compared with 0.81% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, dropping 7.42% as against Sensexs 4.49% gains. The scrip had also underperformed the market in past one year, declining 10.26% as against Sensexs 15.4% gains.

The small-cap company has equity capital of Rs 18.18 crore. Face value per share is Rs 2.

Unichem Laboratories said that the companys formulations manufacturing facility at Goa has received an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA).

The receipt of EIR indicates the successful closure of the inspection and the queries raised during the audit (Form 483). The inspection has now been closed by the USFDA. The inspection was carried out from 14 March 2017 to 20 March 2017.

Net profit of Unichem Laboratories rose 13.6% to Rs 31.46 crore on 12.8% rise in net sales to Rs 339.78 crore in Q4 March 2017 over Q4 March 2016.

Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world. In India, the company is a leader in niche therapy areas of cardiology, neurology, orthopedics and anti-infectives. The company has strong skills in product development, process chemistry and manufacturing of complex API as well as dosage forms.

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ABNL vaults as Premji Invest to buy stake in ABCL
Jun 30,2017

The announcement was made after market hours yesterday, 29 June 2017.

Meanwhile, the S&P BSE Sensex was down 137.06 points or 0.44% at 30,720.46

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 18,200 shares in the past one quarter. The stock hit a high of Rs 1,893 in intraday trade so far, which is a record high for the counter. The stock had hit a low of Rs 1,827 so far during the day. The stock had hit a 52-week low of Rs 1,126.95 on 21 November 2016.

The large-cap company has equity capital of Rs 130.32 crore. Face value per share is Rs 10.

Aditya Birla Capital (ABCL) yesterday, 29 June 2017 entered into a definitive Share Subscription Agreement (SSA) with PI Opportunities Fund - 1 (the Fund), an affiliate of Premji Invest, a private equity fund in India. As per the SSA, the Fund will subscribe to about 2.2% of the post scheme fully diluted equity share capital of ABCL. The proposed transaction values ABCL at Rs 32000 crore on a post money basis, Aditya Birla Nuvo said.

ABCL ranks amongst the top fund managers in India with an aggregate AUM (across asset management, private equity and insurance businesses) of Rs 2.46 lakh crore and a lending book of Rs 38.8 thousand crore as of 31 March 2017.

ABCL has presence across life insurance, asset management, private equity, corporate lending, structured finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance businesses.

ABCL, formerly known as Aditya Birla Financial Services, is the holding company of the financial services businesses of the Aditya Birla Group. The company had entered into a composite scheme of arrangement (Scheme) with Aditya Birla Nuvo (ABNL) and Grasim Industries (Grasim), basis which the financial services undertaking of Grasim will be transferred to and vested in the company by way of demerger effective from 4 July 2017, following which ABCL shall be listed after obtaining necessary approvals. In accordance with the Scheme, on or prior to 4 July 2017, the company is permitted to issue additional equity shares, to one or more financial investors.

Aditya Birla Nuvos consolidated net profit fell 52.35% to Rs 130.33 crore on 12.47% growth in total income to Rs 4389.34 crore in Q4 March 2017 over Q4 March 2016.

Aditya Birla Nuvo is a business conglomerate. It commands leadership position across its financial services, telecom, linen and manufacturing businesses.

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Cadila Healthcare gets stronger after USFDA nod for drug
Jun 30,2017

The announcement was made during market hours today, 30 June 2017.

Meanwhile, the S&P BSE Sensex was down 162.07 points, or 0 0.52% to 30,695.86.

On the BSE, 12,589 shares were traded in the counter so far, compared with average daily volumes of 1.54 lakh shares in the past one quarter. The stock had hit a high of Rs 527.35 and a low of Rs 518.80 so far during the day. The stock had hit a record high of Rs 558 on 12 June 2017. The stock had hit a 52-week low of Rs 319.35 on 29 June 2016.

The stock had outperformed the market over the past one month till 29 June 2017, gaining 14.3% compared with 0.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 16.61% as against Sensexs 4.49% gains. The scrip had also outperformed the market in past one year, jumping 61.83% as against Sensexs 15.4% gains.

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

Cadila Healthcare said that it has received final approval from the United States Food & Drug Administration (USFDA) to market Phentermine Hydrochloride Orally Disintegrating Tablets in strengths of 15mg, 30 mg and 37.5 mg.

The drug is used together with diet and exercise to treat obesity (overweight) in people with risk factors such as high blood pressure, high cholesterol or diabetes and will be produced at the groups formulations manufacturing facility at Moraiya in Ahmedabad.

Cadila Healthcares consolidated net profit fell 32.2% to Rs 385.5 crore on 6.5% rise in net sales to Rs 2417.50 crore in Q4 March 2017 over Q4 March 2016.

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

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Time Technoplast gains on plans to launch composite cylinders
Jun 30,2017

The announcement was made after market hours yesterday, 29 June 2017.

Meanwhile, the BSE Sensex was down 158.56 points, or 0.51%, to 30,698.96. The BSE Mid-Cap index was down 66.09 points, or 0.45%, to 14,486.40.

On BSE, so far 9,835 shares were traded in the counter as against an average daily volume of 1.99 lakh shares in the past one quarter. The stock hit a high of Rs 158.25 and hit a low of Rs 155.10 so far during the day. The stock had hit a record high of Rs 177 on 9 June 2017. The stock had hit a 52-week low of Rs 48.85 on 22 July 2016.

The mid-cap polymer products maker has an equity capital of Rs 22.61 crore. Face value per share is Re 1.

Time Technoplast announced successful trial production and testing of Carbon Fiber based Composite Cylinders for CNG for automotive applications. This has been done for the first time in India. Company has developed 60 litre and 30 litre non-metallic Type-4 Composite Cylinders which are able to withstand burst pressure of over 550 bars. It shortly starts process of getting approval from independent third party and PESO before putting them on field trials.

These LiteSafe Composite Cylinders offer numerous technical and operational advantages over conventional steel cylinders for the same application, Time Technoplast said. Automotive companies are keen to replace metal cylinders with Composite Cylinders to reduce weight and improve upon fuel efficiency. These cylinders are likely to find their way both with OEM and aftermarket. It also has a huge export potential, the company said.

The company is planning to launch these cylinders in second half of the year ending 31 March 2019 (FY 2019) after obtaining necessary approvals and extensive trials, Time Technoplast said.

On a consolidated basis, Time Technoplasts net profit rose 33.45% to Rs 43.05 crore on 25.41% increase in net sales to Rs 810.07 crore in Q4 March 2017 over Q4 March 2016.

Time Technoplast is a leading manufacturer of polymer products. The companys portfolio consists of technically driven innovative products catering to growing industry segments like, industrial packaging solutions, lifestyle products, automotive components, healthcare products, infrastructure / construction related products, material handling solutions & composite cylinders.

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Time Technoplast gains after announcing plans for launching composite cylinders
Jun 30,2017

The announcement was made after market hours yesterday, 29 June 2017.

Meanwhile, the BSE Sensex was down 158.56 points, or 0.51%, to 30,698.96. The BSE Mid-Cap index was down 66.09 points, or 0.45%, to 14,486.40.

On BSE, so far 9,835 shares were traded in the counter as against an average daily volume of 1.99 lakh shares in the past one quarter. The stock hit a high of Rs 158.25 and hit a low of Rs 155.10 so far during the day. The stock had hit a record high of Rs 177 on 9 June 2017. The stock had hit a 52-week low of Rs 48.85 on 22 July 2016.

The mid-cap polymer products maker has an equity capital of Rs 22.61 crore. Face value per share is Re 1.

Time Technoplast announced successful trial production and testing of Carbon Fiber based Composite Cylinders for CNG for automotive applications. This has been done for the first time in India. Company has developed 60 litre and 30 litre non-metallic Type-4 Composite Cylinders which are able to withstand burst pressure of over 550 bars. It shortly starts process of getting approval from independent third party and PESO before putting them on field trials.

These LiteSafe Composite Cylinders offer numerous technical and operational advantages over conventional steel cylinders for the same application, Time Technoplast said. Automotive companies are keen to replace metal cylinders with Composite Cylinders to reduce weight and improve upon fuel efficiency. These cylinders are likely to find their way both with OEM and aftermarket. It also has a huge export potential, the company said.

The company is planning to launch these cylinders in second half of the year ending 31 March 2019 (FY 2019) after obtaining necessary approvals and extensive trials, Time Technoplast said.

On a consolidated basis, Time Technoplasts net profit rose 33.45% to Rs 43.05 crore on 25.41% increase in net sales to Rs 810.07 crore in Q4 March 2017 over Q4 March 2016.

Time Technoplast is a leading manufacturer of polymer products. The companys portfolio consists of technically driven innovative products catering to growing industry segments like, industrial packaging solutions, lifestyle products, automotive components, healthcare products, infrastructure / construction related products, material handling solutions & composite cylinders.

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JSW Steel moves up after proposing slurry pipe line
Jun 29,2017

The announcement was made during market hours today, 29 June 2017.

Meanwhile, the S&P BSE Sensex was up 138.76 points, or 0.46% at 30,977.25.

On the BSE, 4.45 lakh shares were traded on the counter so far as against the average daily volumes of 6.91 lakh shares in the past one quarter. The stock had hit a high of Rs 205.75 and a low of Rs 198.80 so far during the day. The stock had hit a record high of Rs 209.35 on 17 May 2017 and a 52-week low of Rs 138 on 28 June 2016.

The stock had underperformed the market over the past one month till 28 June 2017, falling 0.8% compared with 0.62% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 8.78% as against Sensexs 4.84% gains. The scrip, had also outperformed the market in past one year, gaining 38.41% as against Sensexs 16.25% gains.

The large-cap company has equity capital of Rs 241.72 crore. Face value per share is Rs 1.

Transportation of iron ore through slurry pipeline is an environmentally friendly initiative and globally this shift towards pipeline transportation is evident. Accordingly, the proposed slurry pipeline not only contribute to alternate sourcing of iron ore from outside Karnataka at competitive price but is also highly environment friendly with no pollution.

As the availability of iron ore at a fair price within Karnataka is of paramount importance for long term sustainability of the company and environment friendly transportation of iron ore, the board of directors has given an approval to set up a slurry pipeline to transport iron ore from coastal Karnataka to the Vijayanagar works.

This slurry pipeline can be set up within 24 months at an estimated cost of Rs 2100 crore. This will facilitate transporting iron ore through slurry pipeline at a very competitive 15% cost of alternate means of transport.

This strategic project will enable the company to source almost 50% of the current requirement of iron ore at Vijayanagar works from outside Karnataka either from imports or from Odisha/eastern sector at prices lower than the prevailing prices in Karnataka.

The only way to check this arbitrary pricing of iron ore in Karnataka is to increase the supplies from alternate sources. JSW Steel will work towards establishing the slurry pipeline in a time bound manner. Simultaneously, the company is also exploring the feasibility to set up slurry pipelines for transporting coal from coastal Karnataka to Vijayanagar works, JSW Steel said.

JSW Steel said that it has been operating its 12 million tonnes per annum (MTPA) integrated steel plant at Vijayanagar works in Karnataka. The plant has been set up with substantial investments relying upon consistentsupply of iron ore at a fair price.

The Supreme Court of India, in the backdrop of measures undertaken to curb illegal mining in this region, imposed several restrictions which inter-alia includes a cap of mining 30 MTPA of iron ore per annum within Karnataka. Even after a lapse of over 4 years, the current rate of iron ore production in Karnataka is still around 27 MTPA, far lower than the demand by the user industries.

The objective of these restrictions imposed by the Supreme Court is to curb illegal mining, facilitate sale of iron ore in a transparent manner and to make available adequate amount of iron ore to the user industry. The apex court has also given a special dispensation to the state owned mining entities namely National Mining Development Corporation and Mysore Minerals to produce in excess of their statutorily permitted quantities within the overall ceiling of 30 MTPA.

As the demand for iron ore is far in excess of supply, the mining companies have started charging differential price for the iron ore produced and sold in Karnataka relative to the prices prevailing in Odisha/Chhattisgarh, contrary to the intent of making available legally mined ore at competitive price.

Taking advantage of the scarcity of iron ore in Karnataka and inability of the user industry to source iron ore from outside Karnataka due to prohibitive freight cost, the mining companies are squeezing the iron and steel industry which is already under severe margin pressure.

JSW Steels consolidated net profit spurted 235.4% to Rs 1008.58 crore on 57.1% increase in net sales to Rs 16287.30 crore in Q4 March 2017 over Q4 March 2016.

JSW Steel is the leading integrated steel company in India.

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CARE Ratings jumps after CRISIL acquires 8.9% stake
Jun 29,2017

CRISIL made the announcement during market hours today, 29 June 2017.

Shares of CRISIL rose 1.57% to Rs 1,950.05.

Meanwhile, the S&P BSE Sensex was up 146.99 points or 0.48% at 30,981.31. The S&P BSE Mid-Cap index was up 89.29 points or 0.62% at 14,591.98.

Huge volumes were witnessed on the counter. On the BSE, 27.73 lakh shares were traded in the counter of CARE Ratings so far as against average daily volume of 10,683 shares in the past one quarter. The stock had hit a high of Rs 1,660 and a low of Rs 1,429 so far during the day. The stock had hit a 52-week high of Rs 1,694.95 on 3 April 2017. The stock had hit a 52-week low of Rs 962.50 on 26 July 2016.

The stock had underperformed the market over the past one month till 28 June 2017, falling 2.03% compared with 0.62% fall in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 4.94% as against Sensexs 4.84% gains. The scrip, had, however, outperformed the market in past one year, jumping 44.32% as against Sensexs 16.25% gains.

The mid-cap company has equity capital of Rs 29.45 crore. Face value per share is Rs 10.

CRISIL said that it has acquired 26.22 lakh equity shares or 8.9% of the total paid up equity share capital of the company at Rs 1,659.79 per share today, 29 June 2017.

The investment has been made pursuant to a bid process conducted by Canara Bank, subsequent to their request for quotation issued on 19 June 2017. Canara Bank held 8.9% stake in the firm as at 31 March 2017.

This investment in the equity of CARE has no special rights and is in compliance with applicable rules and regulations.

CRISIL continuously evaluates investment options as a part of its corporate strategy. This stake purchase is an investment in the excellent long term prospects of the credit rating sector in the country. The prospects for the sector are driven by the significant demand for capital investments and infrastructure financing in India over the long term, much of which should benefit the sector, CRISIL said.

CARE Ratings net profit rose 8.2% to Rs 38.45 crore on 1.5% rise in net sales to Rs 76.38 crore in Q4 March 2017 over Q4 March 2016.

CARE Ratings is a credit rating agency in India. CARE provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.

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BEML advances on bargain hunting
Jun 29,2017

Meanwhile, the S&P BSE Sensex was up 116.57 points, or 0.38% at 30,950.89. The S&P BSE Mid-Cap index was up 84.83 points, or 0.58% at 14,587.52.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 46,683 shares in the past one quarter. The stock had hit a high of Rs 1,482.25 and a low of Rs 1,432 so far during the day. The stock had hit a 52-week high of Rs 1,570.45 on 22 June 2017 and a 52-week low of Rs 770.15 on 23 November 2016.

The stock had outperformed the market over the past one month till 28 June 2017, advancing 18.25% compared with the Sensexs 0.62% fall. The scrip had also outperformed the market over the past one quarter gaining 9.87% as against the Sensexs 4.84% rise. The scrip had also outperformed the market over the past one year advancing 71.35% as against the Sensexs 16.25% rise.

The mid-cap company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.

Shares of BEML had declined 6.84% in the preceding three trading sessions to settle at Rs 1,438.75 yesterday, 28 June 2017, from its closing price of Rs 1,544.40 on 22 June 2017.

BEMLs net profit rose 27.1% to Rs 186.40 crore on 17.1% increase in net sales to Rs 1315.95 crore in Q4 March 2017 over Q4 March 2016.

BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India held 54.03% stake in BEML (as per the shareholding pattern as on 31 March 2017).

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Credit Analysis and Research leads gainers in A group
Jun 29,2017

Credit Analysis and Research jumped 9.52% to Rs 1,564.50 at 13:45 IST after CRISIL said that it has acquired 26.22 lakh equity shares or 8.9% of the total paid up equity share capital of the company at Rs 1,659.79 per share today, 29 June 2017. The stock topped the gainers in the BSEs A group. On the BSE, 27.7 lakh shares were traded on the counter so far as against the average daily volumes of 30,000 shares in the past two weeks.

GVK Power & Infrastructure surged 9.01% to Rs 7.14. The stock was the second biggest gainer in A group. On the BSE, 26.24 lakh shares were traded on the counter so far as against the average daily volumes of 17.73 lakh shares in the past two weeks.

Jaiprakash Associates gained 7.61% at Rs 21.50. The stock was the third biggest gainer in A group. On the BSE, 1.41 crore shares were traded on the counter so far as against the average daily volumes of 1.96 crore shares in the past two weeks.

IIFL Holdings advanced 6.62% at Rs 592.90. The stock was the fourth biggest gainer in A group. On the BSE, 60,000 shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past two weeks.

Amtek Auto rose 4.92% to Rs 30.90. The stock was the fifth biggest gainer in A group. On the BSE, 75,000 shares were traded on the counter so far as against the average daily volumes of 20.79 lakh shares in the past two weeks.

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Volumes jump at Siti Networks counter
Jun 29,2017

Siti Networks clocked volume of 3.36 crore shares by 13:52 IST on BSE, a 242.10-times surge over two-week average daily volume of 1.39 lakh shares. The stock fell 0.53% to Rs 27.90.

City Union Bank notched up volume of 29.16 lakh shares, a 100.60-fold surge over two-week average daily volume of 29,000 shares. The stock rose 1.91% to Rs 181.

Credit Analysis and Research (CARE) saw volume of 27.71 lakh shares, a 91.31-fold surge over two-week average daily volume of 30,000 shares. The stock rose 9.83% to Rs 1,568.85.

Central Bank of India clocked volume of 1.87 crore shares, a 35.86-fold surge over two-week average daily volume of 5.23 lakh shares. The stock rose 3.10% to Rs 89.75.

Venkys (India) saw volume of 1.06 lakh shares, a 6.88-fold rise over two-week average daily volume of 15,000 shares. The stock rose 11.99% to Rs 1,605.

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