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Uflex honoured with Globe Platinum Award 2016
Dec 12,2016

Uflex has been conferred with the Global Platinum Award 2016 for Business Excellence in the Flexible Packaging Sector. Uflex was adjudged the Global Player of the Year in Flexible Packaging Solutions category.

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Natco Pharma launches 1st generic equivalent of TAMIFLUn++ oral capsules
Dec 12,2016

Natco Pharma announced the launch of the first generic equivalent of TAMIFLUn++ oral capsules (Roches trade name for oseltamivirphosphate capsules), 30 mg, 45 mg and 75 mg through its marketing partner Alvogen in the USA market, as of 12 December 2016.

TAMIFLUn++ oral capsules had U.S. sales of approximately $403 Million for twelve months ending December 2015, according to IMS Health.

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Jaiprakash Associates drops as net loss widens in Q2
Dec 12,2016

The result was announced on Saturday, 10 December 2016.

Meanwhile, the BSE Sensex was down 147.14 points, or 0.55%, to 26,600.04.

On the BSE, 5.89 lakh shares were traded in the counter so far, compared with average daily volume of 38.28 lakh shares in the past one quarter. The stock had hit a high of Rs 7.85 and a low of Rs 7.63 so far during the day. The stock had hit a record low of Rs 5.30 on 2 June 2016. The stock had hit a 52-week high of Rs 13.39 on 28 July 2016.

The stock had underperformed the market over the past one month till 9 December 2016, falling 14.18% compared with the Sensexs 1.85% fall. The scrip had also underperformed the market in past one quarter, declining 35.01% as against the Sensexs 7.12% fall.

The mid-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.

Jaiprakash Associates total income declined 43.87% to Rs 1437.09 crore in Q2 September 2016 over Q2 September 2015.

Jaiprakash Associates is the flagship company of the Jaypee group and is engaged in engineering and construction, real estate and hospitality businesses.

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Titagarh Wagons gains after winning order
Dec 12,2016

The announcement was made on Saturday, 10 December 2016.

Meanwhile, the BSE Sensex was down 149.68 points, or 0.56%, to 26,597.50.

On the BSE, so far 2.24 lakh shares were traded in the counter, compared with average daily volumes of 1.44 lakh shares in the past one quarter. The stock had hit a high of Rs 119.65 and a low of Rs 116 so far during the day.

The stock hit a 52-week high of Rs 166.40 on 1 January 2016. The stock hit a 52-week low of Rs 84 on 24 May 2016. The stock had outperformed the market over the past 30 days till 9 December 2016, falling 1.13% compared with the 2.80% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 6.24% as against Sensexs 7.12% decline.

The small-cap company has equity capital of Rs 23.08 crore. Face value per share is Rs 2.

Titagarh Wagons said it has been accredited with registration by the Ministry of Defence (Navy), Directorate of Ship Production for undertaking construction of non-weapon platforms upto 120 m length and all types of yardcraft vide communication dated 7 December 2016 issued by the said authority. Further, the company has received an order for construction of two fuel barges for the Indian Navy in its recently added shipbuilding vertical.

Net profit of Titagarh Wagons rose 116.18% to Rs 3.74 crore on 18.67% rise in net sales to Rs 67.05 crore in Q1 June 2016 over Q1 June 2015.

Titagarh Wagons designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, tank wagon under the French brand Arbel Fauvet Rail. Titagarh also manufacturers cast steel bogies and couplers for freight application.

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Board of Usha Martin appoints directors
Dec 12,2016

Usha Martin announced that the Board of Directors of the Company at its Meeting held on 09 December 2016 has:

(i) Appointed Aarthi Ramakrishnan as Independent Additional Director to hold office till the forthcoming Annual General Meeting.

(ii) Appointed Mukesh Rohatgi as Independent Additional Director to hold office till the forthcoming Annual General Meeting.

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Board of D B Realty appoints director
Dec 12,2016

D B Realty announced that the meeting of the Board of Directors of the Company held on 09 December 2016 Sundaram Rajagopal has been appointed as Independent Director on the Board subject to approval and ratification by the members in the next General Meeting.

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Board of Infinite Computer Solutions India approves buyback price and offer
Dec 12,2016

Infinite Computer Solutions India announced that the Board of Directors of the Company at their meeting held on 09 December 2016, inter-alia approved the following:

1. Rs.265/- (Rupees Two Hundred Sixty Five Only) per share of face value Rs.10/- each as the final Buyback Price and the total number of equity shares to be bought back under the Buyback Offer would be 5,660,000 Fully Paid-up equity shares, representing 14.62% of the total Paid-up equity share capital of the company.

2. Rs. 149.99 crore (Rupees One Hundred Forty Nine Crores and Ninety Nine lacs Only) as the size of Buyback Offer, excluding transaction cost, viz., brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, etc., cost for the intermediaries appointed for the Buyback and other incidental costs, which is 24.77% of the Paid-up equity share capital and free reserves of the company for the Financial Year ended 31 March 2016.

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Lanco Infratech provides update on sale of solar power undertaking
Dec 12,2016

Lanco Infratech announced that the Board of Directors approved the sale of Solar Power Undertaking of the Company comprising 35MW by way of slump sale to its wholly owned subsidiary. The said transaction was proposed to be completed on or before 30 September 2016.

In this regard, the Company informed that the said Slump Sale Transaction is yet to be consummated due to pending approvals from Government Authorities and Lenders.

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Ellenbarrie Industrial Gases director resigns
Dec 12,2016

Ellenbarrie Industrial Gases announced that Anindita Guhamallick, Independent Director of the Company has resigned from the Board due to personal difficulty with effect from 04 October 2016.

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Maithan Alloys provides operations update
Dec 12,2016

Maithan Alloys has resumed production at full capacity at its Kalyaneshwari plant.

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Board of Toheal Pharmachem accept resignation of company secretary
Dec 12,2016

Toheal Pharmachem announced that the board of Directors of the Company at its meeting held on 10 December 2016 accepted the resignation of company secretary.

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Sabrimala Leasing And Holdings announces resignation of directors
Dec 12,2016

Sabrimala Leasing And Holdings announced that Directors of the Company, Ankur Garg, Arvind Kumar Singh and Seema Gupta have resigned from the Board w.e.f. 10 December 2016 due to their pre occupation.

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Tata Motors drops after group global wholesales rises slightly in November
Dec 12,2016

The announcement was made after market hours on Friday, 9 December 2016.

Meanwhile, the S&P BSE Sensex was down 141.16 points or 0.53% at 26,606.02.

On the BSE, 23,740 shares were traded on the counter so far as against the average daily volumes of 5.98 lakh shares in the past one quarter. The stock had hit a high of Rs 463.50 and a low of Rs 456.65 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 266 on 11 February 2016.

The stock had underperformed the market over the past one month till 9 December 2016, falling 13.16% compared with the Sensexs 1.85% fall. The scrip had also underperformed the market in past one quarter, declining 19.01% as against the Sensexs 7.12% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors said that global wholesales of all passenger vehicles rose 5% to 64,862 units in November 2016 over November 2015. Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range fell 7% to 26,970 units in November 2016 over November 2015.

Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016, compared with net loss of Rs 1740.20 crore in Q2 September 2015. Net sales rose 6.7% to Rs 65140.75 crore in Q2 September 2016 over Q2 September 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Hind Rectifiers provides update on change in promoter shareholder
Dec 12,2016

Hind Rectifiers announced that Suramya Nevada (belongs to promoter group) acquired 1423959 equity shares (9.46%) by way of transmission due to death of Uma Nevada, Promoter and Executive Vice Chairperson (Whole Time Director) of the Company.

After this transmission Suramya Nevadas total holding in the Company is 1716209 equity shares (11.40%).

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Hind Rectifiers provides update on change in promoter shareholding
Dec 12,2016

Hind Rectifiers announced that Suramya Nevada (belongs to promoter group) acquired 1423959 equity shares (9.46%) by way of transmission due to death of Uma Nevada, Promoter and Executive Vice Chairperson (Whole Time Director) of the Company.

After this transmission Suramya Nevadas total holding in the Company is 1716209 equity shares (11.40%).

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