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Uflex provides product update
Nov 17,2016

Uflex announced that its Flexfreshn++ liner bags successfully passed the trails of a prominant European retailer for shipment of blueberries from South America to Europe.

The Flexfreshn++ is a special patent protected polymeric packaging film manufactured by Uflex for packaging fresh fruits, vegetables and flowers.

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EMCO provides update on Joint Lenders Forum meeting
Nov 17,2016

EMCO announced that the Joint Lenders Forum meeting of the Company held on 16 November 2016 (Reference Date) has passed to resolve the account under RBI guidelines Scheme for Sustainable Structuring of Stressed Assets (S4A).

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Inox Wind bags repeat order for 40 MW wind power project
Nov 17,2016

Inox Wind has bagged a repeat order for 40 MW wind power project to be deployed in the State of Gujarat from Roha Dyechem, which is part of the 350 MW of orders announced by the Company on 03 October 2016. The said project is scheduled to be commissioned by March 2017 and will be executed on turnkey basis.

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Voltas drops after muted Q2 result
Nov 17,2016

The result was announced after market hours yersterday, 16 November 2016.

Meanwhile, the S&P BSE Sensex was up 36.05 points, or 0.14%, to 26,334.74

On BSE, so far 2.73 lakh shares were traded in the counter, compared with an average daily volume of 1.04 lakh shares in the past one quarter. The stock hit a high of Rs 326.90 and a low of Rs 297.75 so far during the day. The stock hit a record high of Rs 406 on 20 October 2016. The stock hit a 52-week low of Rs 211.20 on 12 February 2016. The stock underperformed the market over the past 30 days till 16 November 2016, sliding 17.78% compared with the Sensexs 6.25% fall. The scrip also underperformed the market in past one quarter, declining 10.25% as against the Sensexs 6.49% decline.

The large-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.

Voltas said that order book of the Electro-Mechanical Projects Services segment stood higher at Rs 4252 crore as on 30 September 2016 as compared to Rs 3736 crore as on 30 September 2015. Orders booked during the quarter include Rs 121 crore for water treatment plant for Agra smart city, Voltas said. For Engineering Products and Services segment, Voltas said that the industrial environment in India for both, textile and mining businesses remains challenging for capital equipment sales, due to the weak investment cycle. In Unitary Cooling Products for Comfort and Commercial use segment, Voltas said that the company continued to be the market leader for the room air conditioners in India.

Voltas is an air conditioning company and one of the worlds premier engineering solutions providers and project specialists. Voltas offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.

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Agenda for board meeting of Kings Infra Ventures
Nov 17,2016

Kings Infra Ventures announced that a meeting of the Board of Directors of the Company will be held on 28 November 2016, inter alia, to consider the following business as under:

1. Review of Business Operations & Prospects of the Company.

2. Allotment of equity shares pursuant to conversion of convertible warrants issued on preferential basis.

3. To obtain approval to set up Free Trade Warehousing Zone in Special Economic Zone in Tuticorin.

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Low Probability of Rate Cut Despite Easing Inflation
Nov 17,2016

India Ratings and Research (Ind-Ra) expects the Reserve Bank of India (RBI) to maintain status quo in its upcoming monetary policy review in December 2016, despite the downward trend in retail inflation witnessed over the past four consecutive months. Ind-Ra believes the RBI cut the policy rate in the October 2016 review in anticipation of retail inflation easing in the ensuing months. In other words, as the RBI front-loaded the rate cut, it may now like to wait and watch how the retail price inflation trajectory evolves before taking any further decision on the policy rate. Also, the RBI may watch closely the impact of demonetisation which has led to a surge in the bank deposits. The RBI would now expect banks to pass on the decline in their MCLR to borrowers/customer. Ind-Ra believes the latest print of inflation data in combination with demonetisation will aid the ongoing positive momentum in the domestic bond market.

Consumer Price Index (CPI) moderated to 4.20% in October from 4.39% in September 2016. Wholesale Price Index (WPI) moderated to 3.4% in October 2016 from 3.6% in the previous month. Both CPI and WPI moderated in October 2016, primarily led by further softening in food price inflation, which is along the expected lines. Retail food inflation moderated to 3.3% yoy in October 2016 from 3.96% in the previous month. This was because of a sharp decline in the prices of pulses together with a moderation in the prices of vegetables and fruits. Retail pulses inflation declined to 4.1% in October from 14.3% in September 2016 with the kharif crop harvest gradually coming into the market. Wholesale inflation in pulses moderated to 4.7% in October from 5.06% in the previous month. The more pronounced decline in retail pulses inflation is because wholesale prices had already reacted to the new arrival, as evidenced by the sharp decline in September pulses inflation over August 2016. Wholesale pulses inflation had dropped to 24% in September 2016 from 34.2% in the previous month.

Food items such as sugar, eggs, meat and fish still remain areas of concern, notwithstanding the declining trend in the overall food component in both wholesale and retail inflation. Cereals prices are another potential area of worry. Cereals inflation in the wholesale market softened to 6.13% in October from 9.51% in August 2016; however, it has increased to 4.4% in the retail market from 4.1% for the same months.

Ind-Ra believes that food inflation will remain soft in the coming months in the wake of a good kharif harvest and setting in of winter. However, the disruption caused by demonetisation of INR500 and INR1,000 notes could lead to some temporary spike in food inflation. Wholesale fuel inflation further increased to 6.2% in October 2016 from 5.6% in the previous month. This is a big jump from the 1.6% fuel inflation in August 2016. Wholesale manufactured food products inflation came in at 10.5% in October 2016, which is the fourth consecutive month of double-digit inflation since July 2016. This suggests although the moderation in cyclical components of food inflation such as fruits, vegetables and pulses has positively impacted food inflation, upside risks to inflation cannot be altogether ruled out.

The impact of governments measures is likely to be disinflationary as economic activity witnesses a downward bias. This may open up room for further monetary accommodation later, once the full impact of demonetisation of currency manifests. As a result, despite the recent surge in global bond yields, domestic bond yields have softened sharply (30bp-50bp) across the curve this week. The shorter end of bond curve is poised to benefit as banks prefer investing in short tenor assets while the system transitions to new currency notes. The longer end of the curve, while continuing to exhibit a softening bias, will be more reflective of global risk preferences and outlook on the US Fed rate trajectory.

Global volatilities and shift in risk preference have kept the rupee trading range wide - as investors internalise both global and domestic developments. The recent retail inflation reading does not significantly alter the domestic outlook. However, with increased probabilities of a Fed rate hike in the December 2016 policy - the dollar index has surged to 100.23 from 97.5 since 1 November 2016. This will keep the rupee trading with a weakening bias in the near term. Ind-Ra, however, believes that the better placed domestic fundamentals will aid resilience of rupee, compared to other emerging market currencies.

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GPT Infraprojects bags order worth Rs 84 crore
Nov 17,2016

GPT Infraprojects has bagged an order valued at Rs 84 crore from Office of The Supreintending Engineering, PWD, Government of West Bengal for rehabilitation of landside location with slope protection and drainage improvement at Tindharia on NH-55 in Darjeeling district of West Bengal in SBD mode.

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Greenply Industries blossoms after finding place in MSCI Global Small Cap Indexes
Nov 17,2016

The announcement was made after market hours yesterday, 16 November 2016.

Meanwhile, the S&P BSE Sensex was up 10.90 points or 0.04% at 26,309.59.

On BSE, so far 1,124 shares were traded in the counter as against average daily volume of 15,253 shares in the past one quarter. The stock hit a high of Rs 273.35 and a low of Rs 259.20 so far during the day. The stock had hit a record high of Rs 306.30 on 1 November 2016. The stock had hit a 52-week low of Rs 152 on 18 January 2016. The stock outperformed the market over the past one month till 16 November 2016, dropping 4.47% compared with the Sensexs 4.97% fall. The scrip also outperformed the market in past one quarter, declining 1.58% as against the Sensexs 6.29% decline.

The mid-cap company has equity capital of Rs 12.26 crore. Face value per share is Rs 1.

Greenply Industries said that the change in constituents for the MSCI Global Small Cap Indexes will take place as of the close of 30 November 2016.

MSCI is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds passively track MSCI indices. Hence any addition or deletion of a stock or change in weightage of a stock in MSCI indices will require the fund tracking MSCI indices to make adjustment to its portfolio.

Greenply Industries net profit rose 28.3% to Rs 35.09 crore on 8.5% growth in net sales to Rs 434.63 crore in Q2 September 2016 over Q2 September 2015.

Greenply Industries is into manufacturing and marketing of a wide range of interior infrastructure products.

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Present pricing mechanism for domestically produced natural gas is formula based
Nov 17,2016

The selling price of domestically produced natural gas is determined as per the New Domestic Gas Price Guidelines 2014 issued vide notification dated 25 October 2014. The gas prices presently are USD 2.50 /MMBTU on Gross Calorific Value (GCV) basis for the period 01 October 2016 to 31 March 2017. The production costs of companies vary from field to field depending upon the area, logistics, complexity, onland or offshore etc. ONGC and OIL have not incurred any losses. They have posted profits in their accounts for last several years. Profit after Tax of OIL and ONGC are Rs. 2330.11 crore and Rs. 16003.6 crore respectively for 2015-16.

The present pricing mechanism is formula based and has been worked out considering the volumes and prices prevailing at major international markets such as Henry Hub, National Balancing Point, Alberta and Russia. The formula has been finalized considering the requirements of producing and consuming sectors. The Government has provided marketing and pricing freedom with a cap on gas production from difficult areas. In respect of natural gas production, the operating cost for ONGC and OIL for 2015-16 (including statutory levies) is US$ 2.02/mmbtu and US$ 1.53/mmbtu respectively.

Royalty and other statutory levies applicable to Exploration and Production companies including ONGC and OIL are as per the rates specified by the notifications issued by Union Government from time to time.

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National General Industries reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 17,2016

Net loss of National General Industries reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.25 crore during the previous quarter ended September 2015. Sales declined 19.85% to Rs 3.23 crore in the quarter ended September 2016 as against Rs 4.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.234.03 -20 OPM %7.1217.12 - PBDT0.210.66 -68 PBT0.090.53 -83 NP-0.020.25 PL

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Raghava Estates & Properties standalone net profit declines 96.95% in the September 2016 quarter
Nov 17,2016

Net profit of Raghava Estates & Properties declined 96.95% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 1.97 crore during the previous quarter ended September 2015. Sales declined 18.16% to Rs 2.93 crore in the quarter ended September 2016 as against Rs 3.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.933.58 -18 OPM %6.1453.63 - PBDT0.092.00 -96 PBT0.061.97 -97 NP0.061.97 -97

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Richway International Trade standalone net profit declines 50.00% in the September 2016 quarter
Nov 17,2016

Net profit of Richway International Trade declined 50.00% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 43.75% to Rs 71.96 crore in the quarter ended September 2016 as against Rs 50.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales71.9650.06 44 OPM %0.080.24 - PBDT0.060.12 -50 PBT0.060.11 -45 NP0.040.08 -50

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Sadbhav Infrastructure Projects reports standalone net loss of Rs 4.30 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Sadbhav Infrastructure Projects reported to Rs 4.30 crore in the quarter ended September 2016 as against net loss of Rs 27.80 crore during the previous quarter ended September 2015. Sales rose 632.46% to Rs 39.26 crore in the quarter ended September 2016 as against Rs 5.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales39.265.36 632 OPM %49.779.14 - PBDT-5.26-27.78 81 PBT-5.47-27.79 80 NP-4.30-27.80 85

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Kridhan Infra standalone net profit rises 88.24% in the September 2016 quarter
Nov 17,2016

Net profit of Kridhan Infra rose 88.24% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 346.72% to Rs 32.70 crore in the quarter ended September 2016 as against Rs 7.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.707.32 347 OPM %2.9111.34 - PBDT0.630.44 43 PBT0.400.22 82 NP0.320.17 88

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RDB Realty & Infrastructure reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 17,2016

Net Loss of RDB Realty & Infrastructure reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.68 crore during the previous quarter ended September 2015. Sales rose 339.32% to Rs 5.14 crore in the quarter ended September 2016 as against Rs 1.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.141.17 339 OPM %18.6817.95 - PBDT0.02-0.54 LP PBT-0.13-0.68 81 NP-0.13-0.68 81

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