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Board of Hindustan Construction Company approves restructuring of debt under S4A scheme
Dec 02,2016

Hindustan Construction Company approved the issuance of equity shares as well as optionally convertible debentures to lenders under RBIs S4A scheme.

The Board of Directors of the Company at its meeting held on 02 December 2016 approved the issuance of 25,19,92,670 equity shares of the company of face value of Re 1 each, representing 24.44% of the expanded share capital of the company and such optionally convertible debentures of face value of Rs 1000 each not exceeding Rs 2000 crore on preferential basis, to the Lenders.

The Board has decided to convene EGM on 05 January 2017 for seeking shareholders approval for the above matter.

HCC is the first company to get debt restructured under the S4A scheme.

The Board also approved Rs 2100 crore Bank Guarantee limits for release of arbitral awards amount as per CCEA approval for revival of the construction sector directing the government agencies to pay 75% of the arbitral award against margin free bank guarantee.

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Volumes jump at Syngene International counter
Dec 02,2016

Syngene International clocked volume of 35.61 lakh shares by 13:31 IST on BSE, a 233.70-times surge over two-week average daily volume of 15,000 shares. The stock fell 6.33% to Rs 567.

Cyient notched up volume of 2.06 lakh shares, a 88.31-fold surge over two-week average daily volume of 2,000 shares. The stock rose 0.88% to Rs 496.75.

Bajaj Finserv saw volume of 4.07 lakh shares, a 16.84-fold surge over two-week average daily volume of 24,000 shares. The stock rose 1.32% to Rs 2,969.85.

AXISCADES Engineering Technologies clocked volume of 3.51 lakh shares, a 6.36-fold surge over two-week average daily volume of 55,000 shares. The stock rose 13.33% to Rs 201.55.

Nucleus Software Exports saw volume of 3.60 lakh shares, a 5.99-fold rise over two-week average daily volume of 60,000 shares. The stock rose 10.54% to Rs 284.20.

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Tata Communications leads losers in A group
Dec 02,2016

Tata Communications declined 4.59% to Rs 635.25 at 13:12 IST. The stock topped the losers in the BSEs A group. On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 59,000 shares in the past two weeks.

Bharat Financial Inclusion fell 4.53% at Rs 709.45. The stock was second biggest loser in A group. On the BSE, 1.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past two weeks.

MMTC lost 4.5% to Rs 49.85. The stock was third biggest loser in A group. On the BSE, 3.25 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past two weeks.

Union Bank of India declined 4.14% at Rs 141.40. The stock was fourth biggest loser in A group. On the BSE, 4.08 lakh shares were traded on the counter so far as against the average daily volumes of 6.27 lakh shares in the past two weeks.

RattanIndia Power fell 3.96% to Rs 7.27. The stock was fifth biggest loser in A group. On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 3.23 lakh shares in the past two weeks.

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TVS Motor slides after muted sales in November
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 246.34 points, or 0.93%, to 26,313.58.

On the BSE, so far 50,000 shares were traded in the counter, compared with average daily volumes of 2.04 lakh shares in the past one quarter. The stock had hit a high of Rs 365.90 and a low of Rs 357.35 so far during the day.

The stock hit a record high of Rs 418 on 28 October 2016. The stock hit a 52-week low of Rs 256.30 on 29 February 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 8.20% compared with the 3.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.80% as against Sensexs 6.91% decline.

The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Company said that due to the demonetization exercise, the company witnessed a short-term impact on November sales. However, the company is seeing a sales pickup already happening.

TVS Motor Companys total two-wheeler sales rose 0.63% to 2.19 lakh units in November 2016 over November 2015. Scooters sales fell 3.82% to 73,135 units in November 2016 over November 2015. Motorcycles sales fell 17.36% to 67,896 units in November 2016 over November 2015.

Three-wheeler sales fell 23.55% to 5,883 units in November 2016 over November 2015.

Total exports fell 2.36% to 32,829 units in November 2016 over November 2015.

TVS Motor Companys net profit rose 33.4% to Rs 177.39 crore on 21.1% growth in net sales to Rs 3393.14 crore in Q2 September 2016 over Q2 September 2015.

TVS Motor Company is a leading two and three-wheeler manufacturer.

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Steel Strips Wheels slips on profit booking
Dec 02,2016

Meanwhile, the S&P BSE Sensex was down 262.33 points or 0.99% at 26,297.59.

On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 10,746 shares in the past one quarter. The stock had hit a high of Rs 630 and a low of Rs 609 so far during the day.

The stock had hit a record high of Rs 775 on 14 October 2016 and a 52-week low of Rs 284 on 17 February 2016.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Shares of Steel Strips Wheels (SSWL) had rallied 23.47% in the preceding five trading sessions to settle at Rs 631.95 yesterday, 1 December 2016, from its close of Rs 511.80 on 24 November 2016.

Lions portion of the rally materialized in a single trading yesterday, 1 December 2016, when the stock settled higher by 15.76%, after the company during market hours yesterday, reported a 14% rise in total wheel rim sales at 11.99 lakh units in November 2016 over November 2015.

Net profit of SSWL rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.

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

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Arbitration award passed against Jindal Drilling & Industries
Dec 02,2016

Jindal Drilling & Industries announced that an Arbitration Award has been passed against the Company to make payment towards principal outstanding and the following amounts.

1. Amount of USD 31,769,994.76 by way of damages.

2. Interest on the damages awarded accruing at the daily rate of US prime plus 1%, compounded quarterly until the date of payment and

3. Cost of arbitration and other expenses.

The Company is taking necessary steps to contest in relation to the Award.

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Binani Cement gets revision in ratings for bank facilities
Dec 02,2016

Binani Cement announced that Credit Analytics and Research has revised its rating of bank facilities aggregating Rs 474.93 crore from CARE B+ to CARE D.

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Clariant Chemicals (India) declines after weak Q2 earnings
Dec 02,2016

The result was announced after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 238.39 points, or 0.90%, to 26,321.53.

On the BSE, so far 6,278 shares were traded in the counter, compared with average daily volumes of 3,772 shares in the past one quarter. The stock had hit a high of Rs 735.10 and a low of Rs 718.50 so far during the day.

The stock hit a 52-week high of Rs 838 on 10 October 2016. The stock hit a 52-week low of Rs 587.25 on 1 March 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 6.23% compared with the 3.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 0.49% as against Sensexs 6.91% decline.

The small-cap specialty chemicals company has equity capital of Rs 23.08 crore. Face value per share is Rs 10.

Clariant Chemicals (India) is a manufacturer and seller of specialty chemicals.

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Board of Valecha Engineering approved proposal for conversion of FDs into equity shares
Dec 02,2016

Valecha Engineering announced that the Board of Directors of the Company on 01 December 2016 has decided to consider a scheme of arrangement with the fixed deposit holders of the Company u/s. 391-394 of the Companies Act, 1956 for conversion of outstanding fixed deposits into equity shares or any other securities of the Company, subject to approval (s)/ consent (s)/sanction (s) and permission (s) from Ministry of Corporate Affairs, SEBI, equity shareholders, specified fixed deposit holders and the lenders, if any.

The Board directed the management to complete the requisite documentation necessary to give effect to the above decision as also the procedures thereafter.

The process for preparation of documentation for the proposal will be completed in or about four weeks time.

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Prakash Industries to announce September quarter and half year results
Dec 02,2016

Prakash Industries announced that a meeting of the Board of Directors of the Company will be held on 14 December 2016, inter alia, to consider Unaudited Financial Results with Limited Review for the quarter / half year ended 30 September 2016.

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Quess Corp completes acquisition of 74% stake in Inticore VJP Advance Systems
Dec 02,2016

Quess Corp has completed the acquisition of 74% equity in Inticore VJP Advance Systems, on 01 December 2016.

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IndusInd Bank shrugs off fund raising proposal
Dec 02,2016

Meanwhile, the S&P BSE Sensex was down 223.24 points or 0.84% at 26,336.68.

On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 56,969 shares in the past one quarter. The stock had hit a high of Rs 1,073.45 and a low of Rs 1,053 so far during the day.

The stock had hit a record high of Rs 1,255.30 on 7 September 2016 and a 52-week low of Rs 799 on 11 February 2016.

The large-cap bank has equity capital of Rs 597.38 crore. Face value per share is Rs 10.

IndusInd Bank said it proposes to raise funds by issue and allotment of senior unsecured redeemable non-convertible long term bonds in the nature of debentures (infrastructure bonds) for cash aggregating to Rs 1500 crore on private placement basis.

The borrowing shall be within the overall borrowing limits of the bank as may be approved by the shareholders from time to time. The announcement was made after market hours yesterday, 1 December 2016.

IndusInd Banks net profit rose 25.8% to Rs 704.26 crore on 24% growth in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015.

IndusInd Bank is a leading private sector bank in India.

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Dilip Buildcon standalone net profit declines 82.67% in the September 2016 quarter
Dec 02,2016

Net profit of Dilip Buildcon declined 82.67% to Rs 6.97 crore in the quarter ended September 2016 as against Rs 40.23 crore during the previous quarter ended September 2015. Sales rose 3.48% to Rs 915.66 crore in the quarter ended September 2016 as against Rs 884.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales915.66884.89 3 OPM %16.9820.58 - PBDT63.1691.39 -31 PBT9.2547.95 -81 NP6.9740.23 -83

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A2Z Infra Engineering reports standalone net loss of Rs 16.65 crore in the September 2016 quarter
Dec 02,2016

Net Loss of A2Z Infra Engineering reported to Rs 16.65 crore in the quarter ended September 2016 as against net loss of Rs 8.40 crore during the previous quarter ended September 2015. Sales declined 42.66% to Rs 149.38 crore in the quarter ended September 2016 as against Rs 260.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales149.38260.50 -43 OPM %10.377.96 - PBDT-9.82-5.02 -96 PBT-13.46-8.37 -61 NP-16.65-8.40 -98

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Hytone Texstyles standalone net profit rises 30.00% in the September 2016 quarter
Dec 02,2016

Net profit of Hytone Texstyles rose 30.00% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 51.43% to Rs 0.53 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.530.35 51 OPM %33.9620.00 - PBDT0.210.15 40 PBT0.130.10 30 NP0.130.10 30

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