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MCX gains after signing MoU with Singapore Diamond Investment Exchange
Feb 16,2017

The announcement was made during market hours today, 16 February 2017.

Meanwhile, the BSE Sensex was up 132.85 points, or 0.47%, to 28,288.41

On BSE, so far 56,000 shares were traded in the counter, compared with average daily volume of 84,533 shares in the past one quarter. The stock hit a high of Rs 1,126.95 and low of Rs 1,101 so far during the day. The stock hit a 52-week high of Rs 1,420 on 3 October 2016. The stock hit a 52-week low of Rs 732 on 17 February 2016.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of India (MCX) and Singapore Diamond Investment Exchange (SDiX), the worlds first and only commodity exchange trading in physically settled diamonds, announced signing of a Memorandum of Understanding (MoU) for establishing areas of cooperation between the two exchanges. The MoU is intended to facilitate cooperation between the two exchanges in areas such as knowledge sharing and research, standardization of the product for Indian markets and enhancing transparency in pricing, as well as to explore areas for further collaboration between the exchanges.

India is the largest global hub for the cutting and polishing of diamonds, and has several thousand small medium and large enterprises which are involved in the diamond business. Moreover, through this partnership, the exchanges have agreed to work towards the goal of assisting the stakeholders in Indias diamond industry by bringing international best practices in price risk management and price discovery through innovative spot and derivative market operations. The move will also foster the development of communication channels for the sharing of information between the exchanges.

Mrugank Paranjape, MD & CEO, MCX said that the MoU will support the mutual interests of MCX and SDiX towards establishing price discovery, enhancing transparency in prices and help the value-chain with a risk management platform, in a commodity like diamond in which India has a significant global presence.

MCXs net profit rose 93.83% to Rs 33.94 crore on 29.07% rise in total income to Rs 99.77 crore in Q3 December 2016 over Q3 December 2015.

MCX is Indias first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities.

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Board of Pennar Industries decides to voluntarily delist from MSE
Feb 16,2017

Pennar Industries announced that the Board of Directors of the Company has passed a resolution by circulation with respect to voluntary delisting of the Company from Metropolitan Stock Exchange of India (MSE) on 13 February 2017.

However, the equity shares of the Company shall continue to be listed on BSE and National Stock Exchange of India, both having nationwide trading terminals.

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Vidli Restaurants announces resignation of director
Feb 16,2017

Vidli Restaurants announced that Mahesh Gandhi has resigned from the office of Director of the Company with effect from 15 February 2017 due to his personal commitments.

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Captain Polyplast appointed as DCA cum CS by Indian Oil Corporation
Feb 16,2017

Captain Polyplast has been appointed as Del Credere Associates cum Consignment Stockists (DCA cum CS) by Indian Oil Corporation vide its letter of appointment dated 15 February 2017 for marketing of polymer in Gujarat state.

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Filtra Consultants & Engineers launches e-commerce website
Feb 16,2017

Filtra Consultants & Engineers has launched an e-commerce website. It is Indias first B2B e-commerce website for water treatment components.

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Multiplus Holdings appoints compliance officer
Feb 16,2017

Multiplus Holdings announced that the Company have appointed Nimit Merchant as Compliance officer of the Company.

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ABB India to deliver 110 kV digital substation
Feb 16,2017

ABB India will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest Information Technology (IT) park in India, based on built-up area, located in the southern state of Kerala and spanning an area of 930,000 square meters. Due to the nature of the industry, the campus is highly dependent on reliable, round the clock power to serve the 350 companies employing more than 50,000 people.

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Polaris Consulting & Services allots 16890 equity shares
Feb 16,2017

Polaris Consulting & Services has allotted 16,890 equity shares of Rs 5 under ASOP schemes on 16 February 2017.

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MCX signs MoU with Singapore Diamond Investment Exchange
Feb 16,2017

Multi Commodity Exchange of India and Singapore Diamond Investment Exchange have signed a Memorandum of Understanding for establishing areas of cooperation between the two exchanges.

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Cadila Healthcare intimates of successful USFDA inspection of Moraiya facility
Feb 16,2017

Cadila Healthcare announced that the USFDA inspected Companys Moraiya facility from 06 February 2017 to 15 February 2017.

At the end of the inspection, no observation (483) is issued.

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ABB India gains on bargain hunting
Feb 16,2017

Meanwhile, the BSE Sensex was up 151.66 points, or 0.54%, to 28,307.22.

On the BSE, so far 22,000 shares were traded in the counter, compared with average daily volumes of 8,766 shares in the past one quarter. The stock had hit a high of Rs 1,235 and a low of Rs 1,170 so far during the day.

The stock hit a 52-week high of Rs 1,432.70 on 11 April 2016. The stock hit a 52-week low of Rs 950 on 9 November 2016.

The large-cap company has equity capital of Rs 42.38 crore. Face value per share is Rs 2.

Shares of ABB India fell 7.10% in three trading sessions to settle at Rs 1,172.20 yesterday, 15 February 2017, from its close of Rs 1,261.85 on 10 February 2017.

Meanwhile, ABB India announced during trading hours today, 16 February 2017, that it will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest information technology (IT) park in India, based on built-up area, located in the southern state of Kerala and spanning an area of 930,000 square meters. Due to the nature of the industry, the campus is highly dependent on reliable, round the clock power to serve the 350 companies employing more than 50,000 people.

Net profit of ABB India rose 13.44% to Rs 146.79 crore on 2.4% rise in net sales to Rs 2440.95 crore in Q4 December 2016 over Q4 December 2015.

ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

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TVS Motor Company fixes record date for 2nd interim dividend
Feb 16,2017

TVS Motor Company has fixed 15 March 2017 as the Record Date for the purpose of Payment of Second Interim Dividend.

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Sundaram Clayton fixes record date for 2nd interim dividend
Feb 16,2017

Sundaram Clayton has fixed 23 March 2017 as the Record Date for the purpose of Payment of Second Interim Dividend.

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Ind-Ra: Auto Ancillaries to See Healthy Domestic Demand, Lower Exports Growth in FY18
Feb 16,2017

India Ratings and Research (Ind-Ra) has maintained a stable outlook on the auto ancillaries sector for FY18. This is based on the expectations of a healthy demand from original equipment manufacturers (OEMs) for two-wheeler and passenger vehicle (PV) components along with a marginal improvement in profitability and a stable credit profile. Ind-Ra expects the sector companies to see volume growth of 6%-9% yoy in FY18 and 7%-9% in FY17. Ind-Ra expects the impact of demonetisation to wane by 1QFY18.

Ind-Ra expects volumes in the domestic two-wheeler vehicle segment and PV segment to grow 9%-12% and 6%-9% yoy, respectively, in FY18 (FY17 Ind-Ras estimate: 10.5%, 7%). However, Ind-Ra expects lower volume growth of negative 2% to 2% for the commercial vehicle (CV) segment, and hence ancillaries with higher exposure to the CV segment could see lower growth in FY18.

Ind-Ra expects exports from the sector to grow at a slower pace in FY18 year-on-year, due to a decline in new vehicle sales in the key market of the US and lower growth in European markets. The impact of Brexit will also remain an overhang on the sales in Europe and particularly in the UK.

The two-wheeler segment has been impacted the most by demonetisation, with two-wheeler OEMs December production declining by 15%-35%yoy. However, channel checks indicate that advance production schedules for March have reached pre-demonetisation levels. Thus, the likely impact of demonetisation on related ancillaries should remain limited to 1QFY18. The medium & heavy commercial vehicle segment also saw a decline in production in December 2016. However, the situation normalised in January 2017 and is likely to remain strong in February-March 2016 due to pre-buying on account of BS-IV emission norms.

Ind-Ra expects the operating margins of sector companies to improve in FY18, driven by operating efficiencies due to volume growth. Pricing pressures by specific OEMs are likely to keep a check on the profitability of sector companies with higher customer concentration. Demonetisation is likely to have a negative impact on the profitability of few of the auto ancillaries in 2HFY17, due to negative operating leverage.

The credit metrics of sector companies are likely to remain stable in FY18, due to limited capex as well as comfortable cash flows. The implementation of goods and services tax is likely to ensure higher utilisation of the existing capacities, while ancillaries catering to the replacement segment will benefit from improved competitiveness compared to the unorganised segment.

The agency has also maintained a Stable rating Outlook on sector companies for FY18. Ind-Ras analysis indicates that within its rating universe, around 96% companies were either affirmed or upgraded during 2016 (2015: 88%; 2014: 70%), reflecting the credit strength of these companies.

Outlook Sensitivities

Aggressive Expansion Plans: A significant uptick in capex announcements in FY18 on the back of favourable policy decisions as well as higher demand expectations could strain the cash flow and stretch the credit profile of sector companies resulting in a negative sector and rating outlook.

Auto Demand: Weaker-than-expected growth in domestic auto sales could negatively impact the financial profile of sector companies and could lead to the sector outlook being revised to negative.

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D B Realty reports standalone net loss of Rs 15.29 crore in the December 2016 quarter
Feb 16,2017

Net Loss of D B Realty reported to Rs 15.29 crore in the quarter ended December 2016 as against net loss of Rs 13.90 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 19.56 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales019.56 -100 OPM %016.26 - PBDT-0.37-2.12 83 PBT-1.60-3.30 52 NP-15.29-13.90 -10

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