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PGCIL declines after reporting Q4 results
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

The stock had risen 4.9% in two sessions to settle at Rs 208.45 yesterday, 29 May 2017, from a close of Rs 198.70 on 25 May 2017.

On the BSE, 92,096 shares were traded on the counter so far as against the average daily volumes of 4.83 lakh shares in the past one quarter. The stock had hit a high of Rs 209 and a low of Rs 203.60 so far during the day. It had hit a record high of Rs 214 yesterday, 29 May 2017 and a 52-week low of Rs 148.05 on 2 June 2016.

The stock had underperformed the market over the past one month till 29 May 2017, rising 0.41% compared with the 3.98% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 8.57% as against Sensexs 8.23% gains.

The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

Power Grid Corporation of Indias (PGCIL) net profit rose 22.17% to Rs 1916.36 crore on 17.87% growth in total income to Rs 7054.45 crore in Q4 March 2017 over Q4 March 2016.

The companys board approved non sovereign loan assistance from Asian Development Bank (ADB) of $500 million for green energy corridor and grid strengthening project.

The board also approved investments in two projects totalling Rs 645.68 crore.

PGCILs board recommended final dividend of Rs 3.35 per share for the year ended 31 March 2017 (FY 2017).

Power Grid Corporation of India is a state run electric power transmission utility company. The Government of India holds 57.9% stake in the firm as at 31 March 2017.

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Bhel tumbles after dismal Q4 financial performance
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

Meanwhile, the S&P BSE Sensex was up 16.18 points, or 0.05% to 31,125.46

On the BSE, 17.11 lakh shares were traded in the counter so far, compared with average daily volumes of 7.85 lakh shares in the past one quarter. The stock had hit a high of Rs 146.90 and a low of Rs 133.65 so far during the day. The stock hit a 52-week high of Rs 182.65 on 25 April 2017. The stock hit a 52-week low of Rs 113.90 on 24 June 2016.

The stock had underperformed the market over the past one month till 29 May 2017, falling 12.75% compared with the 3.98% gains in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 5.37% as against Sensexs 8.23% gains.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

On a consolidated basis, Bhel reported net profit of Rs 455.18 crore in the year ended 31 March 2017 (FY 2017) as compared with net loss of Rs 705.58 crore in FY 2016. Total income rose 7.23% to Rs 28,965.83 crore in FY 2017 over FY 2016.

The company has outstanding order book position of Rs 105200 crore as on 31 March 2017.

Bhels board of directors has recommended final dividend of Rs 0.78 per share for the year ended 31 March 2017 (FY 2017).

Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing company. The company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, viz. power, transmission, industry, transportation (railways), renewable energy, oil & gas, water and defence with over 180 products offerings to meet the needs of these sectors.

The Government of India currently holds 63.06% stake in Bhel (as per the shareholding pattern as on 31 March 2017).

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Ujaas Energy declines after weak Q4 results
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

Meanwhile, the S&P BSE Sensex was down 6.70 points, or 0.02% at 31,102.58. The S&P BSE Small-Cap index was down 44.21 points, 0.3% at 14,810.92.

On the BSE, 1.43 lakh shares were traded on the counter so far as against the average daily volumes of 2.40 lakh shares in the past one quarter. The stock had hit a high of Rs 35.80 and a low of Rs 31.35 so far during the day.

The stock had hit a record high of Rs 52.25 on 16 December 2016 and 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 29 May 2017, declining 0.14% compared with the Sensexs 3.98% rise. The scrip had also underperformed the market over the past one quarter sliding 0.14% as against the Sensexs 8.23% rise.

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

Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system.

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Aurobindo Pharma advances after Q4 results
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

The stock had fallen 3.67% to Rs 513.70 yesterday, 29 May 2017, ahead of its Q4 results.

Meanwhile, the S&P BSE Sensex was up 88.74 points, or 0.29%, to 31,197.66.

Higher than usual volumes were witnessed on the counter. On the BSE, 4.38 lakh shares were traded in the counter so far, compared with average daily volumes of 2.57 lakh shares in the past one quarter. The stock had hit a high of Rs 547.45 and a low of Rs 506 so far during the day.

The stock had hit a record high of Rs 895 on 6 October 2016. The stock had hit a 52-week low of Rs 504 yesterday. 29 May 2017. The stock had underperformed the market over the past one month till 29 May 2017, falling 15.24% compared with the 3.98% gains in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.14% as against Sensexs 8.23% gains.

The large-cap company has equity capital of Rs 58.59 crore. Face value per share is Re 1.

Aurobindo Pharmas consolidated net profit fell 3.9% to Rs 532.90 crore on 2.8% decline in operating income to Rs 3641.60 crore in Q4 March 2017 over Q4 March 2016.

The companys board of Directors approved second interim dividend of Rs 1.25 per share for the year ended 31 March 2017 (FY 2017).

EBITDA (earnings before interest, taxes, depreciation and amortization) before forex and other income fell 16.74% to Rs 721 crore in Q4 March 2017 over Q4 March 2016. EBITDA was impacted by one-time inventory write-off and other exceptional items. EBITDA margin fell to 19.8% in Q4 March 2017 from 23.1% in Q4 March 2016.

The board of directors decided not to transfer its injectable unit on a going concern basis comprising assets and liabilities pertaining to the unit to its wholly owned subsidiary namely, Curepro Parenterals, considering the expansion and growth plans of the company. The decision is subject to the approval of appropriate authorities including High Court or Tribunal as the case may be.

The board of directors on 12 September 2013 had approved the transfer of the unit. The same was subject to requisite consents, approvals or permissions of the statutory or regulatory authorities. Pending such approvals, no effect of this scheme was given till date.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients.

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Coal India drops after weak Q4 result
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

Meanwhile, the S&P BSE Sensex was up 21.44 points or 0.07% at 31,130.72.

On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 4.51 lakh shares in the past one quarter. The stock had hit a high of Rs 263.50 so far during the day. The stock had hit a 52-week high of Rs 349.85 on 17 August 2016. The stock hit a low of Rs 260 in intraday trade so far, which is 52-week low for the counter.

The large-cap company has equity capital of Rs 6207.41 crore. Face value per share is Rs 10.

Coal India said that production of raw coal of the company and its subsidiary companies rose to 176.37 million tonnes in Q4 March 2017 from 165.24 million tonnes in Q4 March 2016. Offtake rose to 151.54 million tonnes in Q4 March 2017 from 145.23 million tonnes in Q4 March 2016.

Coal India is an organized state owned coal mining corporate. The government of India held 78.86% stake in the company as per shareholding pattern as on 31 March 2017

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L&T hits 52-week high after robust Q4 outcome
May 30,2017

The result was announced after market hours yesterday, 29 May 2017.

Meanwhile, the S&P BSE Sensex was down 37.05 points, or 0.12%, to 31,072.23.

On BSE, so far 46,000 shares were traded in the counter, compared with average daily volume of 1.90 lakh shares in the past one quarter. The stock hit a low of Rs 1,815.30 so far during the day. The stock hit a high of Rs 1,834 in intraday trade so far, which is 52-week high for the counter. The stock hit a 52-week low of Rs 1,295.30 on 9 November 2016.

The large-cap engineering & construction major has equity capital of Rs 186.65 crore. Face value per share is Rs 2.

L&Ts order intake rose 9.6% to Rs 47289 crore in Q4 March 2017 over Q4 March 2016. International order inflow during the quarter at Rs 9044 crore constituted 19% of the order inflow for the quarter.

Consolidated order book of the group stood at level of Rs 261341 crore as at 31 March 2017, higher by 5% on a y-o-y basis. International order book constituted 27% of the total order book.

Meanwhile, the companys board recommended issue of 1:2 (one bonus share for for every two held) bonus shares.

In its outlook L&T said that the company continues to focus on profitable execution of the large order book, selective order picking, on-time deliveries and operational excellence through digitalization. The company is also emphasizing on cost competitiveness, continuous optimization of working capital, restructuring of its business portfolio and value creation with an aim to enhance its return on equity (ROE).

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. Its products and systems are marketed in over 30 countries worldwide.

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NTPC declines after reporting lackluster Q4 results
May 29,2017

The result was announced during market hours today, 29 May 2017.

Meanwhile, the S&P BSE Sensex was up 120.25 points or 0.39% at 31,148.46.

On the BSE, 2.52 lakh shares were traded on the counter so far as against the average daily volumes of 2.65 lakh shares in the past one quarter. The stock had hit a high of Rs 157.50 and a low of Rs 153.30 so far during the day.

The stock had hit a 52-week high of Rs 177.80 on 27 January 2017 and a 52-week low of Rs 137.70 on 30 May 2016. The stock had underperformed the market over the past one month till 26 May 2017, declining 5.71% compared with 2.97% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 5.54% as against Sensexs 7.39% gains.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPCs board of directors recommended final dividend of Rs 2.17 per share for the year ended 31 March 2017 (FY 2017).

NTPC, Indias largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as on 31 March 2017, as per the shareholding pattern.

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Sweet pill for Wockhardt after getting GMP compliance certificate
May 29,2017

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

Meanwhile, the S&P BSE Sensex was up 109.64 points, or 0.35% to 31,137.85. The S&P BSE Mid-Cap index was down 114.96 points, or 0.79% to 14,404.94.

On the BSE, 5.09 lakh shares were traded in the counter so far, compared with average daily volumes of 3.87 lakh shares in the past one quarter. The stock had hit a high of Rs 636.80 and a low of Rs 563.05 so far during the day. The stock hit a 52-week high of Rs 1,129 on 21 July 2016. The stock hit a 52-week low of Rs 558.25 on 25 May 2017.

The mid-cap company has equity capital of Rs 55.27 crore. Face value per share is Rs 5.

Wockhardt announced that Health Products Regulatory Authority of Ireland (HPRA) has granted Certificate of good manufacturing practices (GMP) compliance to the companys Shendra, Aurangabad facility based on inspection performed from 27 February 2017 to 3 March 2017.

Wockhardt reported consolidated net loss of Rs 174.72 crore in Q4 March 2017, sharply higher than net loss of Rs 5.38 crore in Q4 March 2016. Wockhardts consolidated total income fell 10.53% to Rs 919.82 crore in Q4 March 2017 over Q4 March 2016.

Wockhardt is a global pharmaceutical and biotech company with presence in USA, UK, Ireland, Mexico, Russia and many other countries. It has manufacturing and research facilities in India, USA & UK and a manufacturing facility in Ireland. Wockhardt has a significant presence in USA, Europe and India, with 62% of its global revenues coming from international businesses.

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Steel Strips Wheels gains after reporting decent Q4 results
May 29,2017

The result was announced during market hours today, 29 May 2017.

Meanwhile, the S&P BSE Sensex was up 137.96 points, or 0.44% at 31,166.17. The S&P BSE Small-Cap index was down 138.17 points, 0.92% at 14,948.09.

On the BSE, 2,549 shares were traded on the counter so far as against the average daily volumes of 4,037 shares in the past one quarter. The stock had hit a high of Rs 865 and a low of Rs 828 so far during the day.

The stock had hit a record high of Rs 952.90 on 24 April 2017 and a 52-week low of Rs 379.25 on 30 May 2016. The stock had underperformed the market over the past one month till 26 May 2017, declining 9.51% compared with the Sensexs 2.97% rise. The scrip had, however, outperformed the market over the past one quarter advancing 21.03% as against the Sensexs 7.39% rise.

The small-cap company has equity capital of Rs 15.56 crore. Face value per share is Rs 10.

Steel Strips Wheels board recommended a final dividend of Rs 3 per equity share for the year ended March 2017.

Steel Strips Wheels designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

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Videocon Industries extends recent sell-off on weak Q4 results
May 29,2017

The result was announced after market hours on Friday, 26 May 2017.

The stock has slumped 55.25% in six sessions to its ruling price of Rs 44.95, from a close of Rs 100.45 on 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 154.11 points or 0.54% at 31,195.51. The S&P BSE Small-Cap index was down 132.58 points or 0.88% at 14,953.68.

On the BSE, 30,687 shares were traded on the counter so far as against the average daily volumes of 33,951 shares in the past one quarter. The stock was locked at a low of Rs 44.95, so far during the day, which is a 52-week low for the stock.

The stock had hit a 52-week high of Rs 114.90 on 6 October 2016. The stock had underperformed the market over the past one month till 26 May 2017, dropping 54.19% compared with 2.97% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 54.19% as against Sensexs 7.39% gains.

The small-cap company has equity capital of Rs 334.46 crore. Face value per share is Rs 10.

Videocon Industries total income dropped 31.9% to Rs 2071.28 crore in Q4 March 2017 over Q4 March 2016.

The recent sell-off in the stock has been triggered by media reports of escalating debt woes of the company. As per reports, Central Bank of India declared the company as a non-performing asset (NPA) in Q1 June 2017. Central Bank of India has one of the highest exposures to Videocon at Rs 2700 crore, reports added. Other banks are likely to soon follow suit in declaring the account as a bad loan or an NPA.

Dena Bank had recently announced that it had classified Videocons loan amounting to Rs 520 crore as a NPA. This has resulted into some negative publicity of the company and, accordingly, impacted its stock price, the company had issued the clarification.

Videocon Industries operates in four segments: consumer electronics and home appliances, crude oil and natural gas, telecommunications and power.

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PC Jeweller leads gainers in A group
May 29,2017

PC Jeweller jumped 15.3% to Rs 519.10 at 14:03 IST. The stock topped the gainers in the BSEs A group. On the BSE, 7.59 lakh shares were traded on the counter so far as against the average daily volumes of 42,000 shares in the past two weeks.

Wockhardt surged 6.1% to Rs 622.35. The stock was the second biggest gainer in A group. On the BSE, 4.64 lakh shares were traded on the counter so far as against the average daily volumes of 95,000 shares in the past two weeks.

Divis Laboratories gained 6.14% at Rs 580.20. The stock was the third biggest gainer in A group. On the BSE, 3.48 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.

Tata Communications advanced 7.86% at Rs 707. The stock was the fourth biggest gainer in A group. On the BSE, 96,000 shares were traded on the counter so far as against the average daily volumes of 60,000 lakh shares in the past two weeks.

Mahindra & Mahindra Financial Services rose 5.93% to Rs 331.35. The stock was the fifth biggest gainer in A group. On the BSE, 31.49 lakh shares were traded on the counter so far as against the average daily volumes of 80,000 shares in the past two weeks.

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Gravity grips IT stocks
May 29,2017

Tech Mahindra (down 11.94%), Larsen & Toubro Infotech (down 2.56%), L&T Technology Services (down 1.32%), Infosys (down 1.81%), TCS (down 0.44%), Wipro (down 1.35%), Persistent Systems (down 0.64%) and Hexaware Technologies (down 1.77%) edged lower.

HCL Technologies (up 0.14%), MindTree (up 0.06%), Oracle Financial Services Software (up 1.25%) and MphasiS (up 0.34%) edged higher.

The S&P BSE IT index was down 168.34 points, or 1.62% at 10,230.73. It underperformed the S&P BSE Sensex, which was up 47.19 points, or 0.15% at 31,075.40.

The S&P BSE IT index had outperformed the market over the past one month till 26 May 2017, rising 7.37% compared with 2.97% rise in the Sensex. The index, however, underperformed the market in past one quarter, gaining 0.2% as against Sensexs 7.39% gains.

IT stocks declined as investors sentiment for the sector dampened after Tech Mahindra reported weak Q4 earnings.

Tech Mahindras consolidated net profit dropped 31.2% to Rs 588 crore on 0.8% fall in revenue to Rs 7495 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Managing Director and CEO of the company CP Gurnani, said that the IT industry is going through a paradigm shift amid changing demand pattern from the clients, technological changes and requirement for significant skill enhancement. The company has responded to these changes proactively by reimagining the business, imbibing a culture of innovation, encouraging reskilling and retraining workforce wherever necessary, he added.

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Bank stocks drop amid reports of under-reporting of bad loans
May 29,2017

Meanwhile, the S&P BSE Sensex was up 63.87 points or 0.21% at 31,092.08. The S&P BSE Bankex was down 150.47 points or 0.57% at 26,344.77.

Among public sector bank stocks, State Bank of India (SBI) (down 0.81%), Canara Bank (down 1.49%), Union Bank of India (down 3.01%), UCO Bank (down 7.35%), Bank of India (down 2.25%), Punjab National Bank (down 2.22%) Syndicate Bank (down 2.35%), Indian Overseas Bank (down 1.74%), Bank of Baroda (down 1.64%), Andhra Bank (down 1.66%), Oriental Bank of Commerce (down 3.33%), Dena Bank (down 2.38%), and Indian Bank (down 1.1%), declined.

Among private sector banks, Axis Bank (down 1.29%), ICICI Bank (down 1.2%), Kotak Mahindra Bank (down 0.36%), and Yes Bank (down 2.28%) declined. IndusInd Bank rose 1.09%. HDFC Bank gained 0.42%.

The BSE Bankex had outperformed the market over the past one month till 26 May 2017, rising 5.11% compared with 2.97% rise in the Sensex. The index had also outperformed the market in past one quarter, gaining 11.21% as against Sensexs 7.39% gains.

The Institute of Chartered Accountants of India (ICAI) has reportedly written to the Reserve Bank of India (RBI), seeking information on the divergence in bad-loan estimates by some lenders and the central bank.

ICAIs financial reporting review board (FRRB) will also review the 2015-16 financial statements of Axis Bank and Yes Bank, the accounting body reportedly said. ICICI Banks financial statement would also be reviewed, report added.

ICAIs disciplinary directorate reportedly wrote to RBI on 24 May 2017 seeking specific information/details such as details of inspection by RBI with relevant documents to be made available to ICAI and further requesting them to file a formal complaint, if they so desire. Based on the central banks response, ICAI could consider further course of action in terms of the disciplinary provisions prescribed under the Chartered Accountants Act, 1949.

ICAIs inquiries come after three private sector banks reported a sharp divergence between their asset quality classifications and provisioning for 2015-16 and what the RBI deemed necessary. On 18 April, the regulator had told banks to make a disclosure in their financial statements if the divergence exceeded 15%.

ICAI has also directed its FRRB to engage with the banks auditors to understand the reasons behind the difference between the findings of the statutory audit and the RBI audit.

Meanwhile, the Reserve Bank is reportedly likely to announce within a fortnight the guidelines to operationalise non performing assets (NPA) ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore in the public sector banks.

The RBI top brass has been batting for a number of ways to resolve public sector bank problems. The deputy governor Viral Acharya had suggested options like raising private capital, mergers, and divestments for the public sector banks. RBI governor Urjit Patel, in the Third Kotak Family Distinguished Lecture delivered at Columbia University, stated that the system would be better off if public sector banks are consolidated into fewer but healthier banks.

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Nalco shines after good Q4 result
May 29,2017

The result was announced on Saturday, 27 May 2017.

Meanwhile, the S&P BSE Sensex was up 27.36 points or 0.09% at 31,055.57.

On the BSE, 5.46 lakh shares were traded on the counter so far as against the average daily volumes of 4.19 lakh shares in the past one quarter. The stock had hit a high of Rs 71.40 and a low of Rs 68.50 so far during the day. The stock had hit a 52-week high of Rs 79.85 on 7 March 2017 and a 52-week low of Rs 40.70 on 24 June 2016.

The stock had underperformed the market over the past one month till 26 May 2017, rising 1.79% compared with 2.97% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 3.8% as against Sensexs 7.39% gains.

The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.

On a consolidated basis, National Aluminium Companys (Nalco) net profit decreased 15.17% to Rs 667.72 crore on 6.36% rise in total income to Rs 7951.31 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

National Aluminium Company (Nalco) said that the company has been riding on its overall growth in production, improving productivity and sales performance to register a profit in FY 2017. This was despite sluggishness in the metal market across the globe, fluctuating prices in the LME and increase in input costs of raw materials, Nalco said.

Nalco reported significant growth in the FY 2017 in the areas of production and sales. The company achieved 7.65 % growth in bauxite production by recording 100% capacity utilization of 6.825 million tonnes in FY 2017, the highest since inception. The company recorded stellar performance in its refinery segment with a record production of 2.1 million tonne Alumina Hydrate, which represented a jump of 7.53%.

Nalco registered a 4.03% increase in production of metal to 3.87 lakh tonnes at smelter plant in Angul. The company captive power plant also witnessed an increase in power generation at 6066 MU, representing an increase of 3.85% in FY 2017 over FY 2016.

State-run Nalco has integrated and diversified operations in mining, metal and power. The GoI held 74.58% stake in Nalco as per the shareholding pattern as on 31 March 2017.

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Vivimed Labs moves higher after reporting stellar Q4 numbers
May 29,2017

The result was announced on Saturday, 27 May 2017.

Meanwhile, the S&P BSE Sensex was up 68.81 points, or 0.22% at 31,097.02. The S&P BSE Small-Cap index was down 138.51 points, or 0.92% at 14,947.75.

High volumes were witnessed on the counter. On the BSE, 5.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past one quarter. The stock had hit a high of Rs 127.90 and a low of Rs 114.20 so far during the day.

The stock had hit a record high of Rs 136.40 on 20 April 2017 and hit a 52-week low of Rs 68 on 9 August 2016. The stock had underperformed the market over the past one month till 26 May 2017, declining 5.97% compared with the Sensexs 2.97% rise. The scrip had also underperformed the market over the past one quarter advancing 6.78% as against the Sensexs 7.39% rise.

The small-cap company has equity capital of Rs 16.40 crore. Face value per share is Rs 2.

Vivimed Labs is a niche specialty chemicals and pharmaceuticals company.

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