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Bharat Financial Inclusion drops as President goes on leave for 2 months
Aug 10,2016

The announcement was made after market hours yesterday, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 213.78 points or 0.76% at 27,871.38.

On BSE, so far 1.61 lakh shares were traded in the counter as against average daily volume of 2.22 lakh shares in the past one quarter. The stock hit a high of Rs 841.45 and a low of Rs 798.80 so far during the day. The stock had hit a 52-week low of Rs 369.45 on 18 September 2015. The stock had hit a 52-week high of Rs 938.75 on 29 July 2016. The stock had outperformed the market over the past one month till 9 August 2016, surging 10.59% compared with 3.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 39.25% as against Sensexs 9.33% rise.

The large-cap company has equity capital of Rs 127.59 crore. Face value per share is Rs 10.

During the absence of Bharat Financial Inclusions (BFIL) President S Dilli Raj, M. R. Rao, Managing Director & CEO of BFIL will additionally oversee his functions.

It may be recalled that BFIL, formerly known as SKS Microfinance had last week announced that its President S Dilli Raj was arrested by the Enforcement Directorate (ED) in connection to a complaint filed by IDBI Bank against First Leasing Company of India. S Dilli Raj previously worked in First Leasing Company of India.

Separately, BFIL after market hours yesterday, 9 August 2016 announced that it has issued commercial papers of an aggregate amount of Rs 50 crore which has been rated A1+ by a leading rating agency. The aggregate amount of commercial papers outstanding as on date was Rs 325 crore.

Bharat Financial Inclusions net profit surged 285.7% to Rs 235.91 crore on 46.5% increase in total income to Rs 414.12 crore in Q1 June 2016 over Q1 June 2015.

Bharat Financial Inclusion is among the largest microfinance companies in India.

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Natco Pharma gains after strong Q1 earnings
Aug 10,2016

The result was announced after market hours yesterday, 10 August 2016.

Meanwhile, the BSE Sensex was down 207.50 points, or 0.74%, to 27,877.66.

On BSE, so far 50,000 shares were traded in the counter, compared with average daily volume of 66,965 shares in the past one quarter. The stock rose 3.39% at the days high of Rs 647 so far during the day. The stock rose 0.27% at the days low of Rs 627.50 so far during the day. The stock hit a record high of Rs 650.90 on 4 August 2016. The stock hit a 52-week low of Rs 382.20 on 24 August 2015. The stock had outperformed the market over the past 30 days till 9 August 2016, rising 3.55% compared with 1.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 37.34% as against Sensexs 9.72% rise.

The large-cap company has equity capital of Rs 34.83 crore. Face value per share is Rs 2.

Natco Pharma said that the growth in earnings was predominantly driven by increased sales of its oncology and hepatitis C products in India.

Natco Pharma manufactures generic dosage forms, bulk actives and intermediates for the Indian and international markets.

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Kennametal India drops after reporting dismal Q4 numbers
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the BSE Sensex was down 234.72 points, or 0.84%, to 27,850.44.

On BSE, so far 2,198 shares were traded in the counter, compared with an average volume of 1,314 shares in the past one quarter. The stock hit a high of Rs 685 and a low of Rs 660 so far during the day. The stock hit a 52-week high of Rs 909 on 10 August 2015. The stock hit a 52-week low of Rs 651.50 on 12 February 2016. The stock had underperformed the market over the past one month till 9 August 2016, rising 2.03% compared with 3.53% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 6.13% as against Sensexs 9.33% rise.

Kennametal India is a manufacturer of hard metal products and machine tools for the manufacturing industries, including auto and auto ancillaries, light and general engineering industries.

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Adani Ports jumps on renewed buying after strong Q1 results
Aug 10,2016

Shares of Adani Ports and Special Economic Zone (APSEZ) had declined 0.35% to settle at Rs 239.55 yesterday, 9 August 2016 after the company announced strong Q1 June 2016 results during trading hours.

Meanwhile, the S&P BSE Sensex was down 227.95 points or 0.81% at 27,857.21.

On BSE, so far 11.89 lakh shares were traded in the counter as against average daily volume of 5.79 lakh shares in the past one quarter. The stock hit a high of Rs 259.75 and a low of Rs 243.95 so far during the day. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had outperformed the market over the past one month till 9 August 2016, surging 15.7% compared with 3.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.63% as against Sensexs 9.33% rise.

The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.

APSEZs consolidated net profit rose 30.8% to Rs 835.71 crore on 6.3% growth in net sales to Rs 1817.23 crore in Q1 June 2016 over Q1 June 2015. The companys consolidated cargo volumes increased by 7% to 42.33 million metric tonne (MMT) in Q1 June 2016 over Q1 June 2015.

APSEZs Chief Executive Officer Karan Adani said that a healthy growth in cargo volumes, operational efficiencies and the companys strategy to increase bulk cargo volumes, other than coal volumes have enabled APSEZ to report all round growth in Q1 June 2016. The growth in bottom line during the quarter was a result of immense focus on controlling borrowing costs along with maintaining high EBITDA (earnings before interest, taxation, depreciation and amortization) margin, Adani said. Going forward, coastal shipping, commissioning of CT4, further growth in volumes at Kattupalli will be the companys focus areas, Adani added.

Meanwhile, a domestic brokerage has reportedly maintained its n++addn++ rating on APSEZ stock in the wake of the companys strong Q1 earnings. The brokerage said that positives from APSEZs results include diversification of cargo mix away from coal volumes and strong uptick in contribution from new ports among others.

APSEZ, a part of the Adani Group, is Indias largest private port operator.

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Grasim, Aditya Birla Nuvo edge lower on reports of merger proposal
Aug 10,2016

Grasim Industries (down 5.59% at Rs 4,877.80) and Aditya Birla Nuvo (down 4.62% at Rs 1,504) edged higher.

Meanwhile, the S&P BSE Sensex was down 190.22 points or 0.68% at 27,894.94.

According to reports, as part of another round of corporate reorganisation, Aditya Birla Group is contemplating a two-step restructuring which involves the merger of Grasim Industries and parts of Aditya Birla Nuvo (ABNL), which is likely to be followed by the hiving-off of the financial services business of ABNL viz. Aditya Birla Financial Services (ABFS) into a separate company. ABFS is currently a 100% subsidiary of ABNL. The merger and the complete reorganisation could involve a number of steps. A direct merger of ABNL and Grasim Industries and the simultaneous spinning-off of financial services business into a separate company is among the options, reports suggested. A final announcement could be expected as early as this week, reports added.

Grasim Industries two main businesses are viscose staple fibre (VSF) and cement. The company is set to announce Q1 June 2016 results tomorrow, 11 August 2016. On consolidated basis, the companys net profit rose 37.4% to Rs 696.09 crore on 13.7% rise in net sales to Rs 9896.43 crore in Q4 March 2016 over Q4 March 2015.

ABNL is a business conglomerate. It commands leadership position across its financial services, telecom, linen and manufacturing businesses. The company is set to announce Q1 June 2016 results tomorrow, 11 August 2016. On a consolidated basis, the companys net profit fell 1.5% to Rs 326.69 crore on 9.2% decline in net sales to Rs 6318.41 crore in Q4 March 2016 over Q4 March 2015.

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Nitesh Estates spurts after selling Kerala land
Aug 10,2016

The announcement was made during trading hours today, 10 August 2016.

Meanwhile, the BSE Sensex was down 205.27 points, or 0.73%, to 27,879.89.

On BSE, so far 1.44 lakh shares were traded in the counter, compared with average daily volume of 39,869 shares in the past one quarter. The stock hit a high of Rs 14.30 and a low of Rs 13.15 so far during the day. The stock hit a 52-week high of Rs 19.25 on 10 August 2015. The stock hit a 52-week low of Rs 11 on 25 February 2016. The stock had underperformed the market over the past 30 days till 9 August 2016, falling 6% compared with 1.66% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.01% as against Sensexs 9.72% rise.

The small-cap company has equity capital of Rs 145.83 crore. Face value per share is Rs 10.

Nitesh Estates had 4 acres of the land parcel at Kakanad village in Kochi, Kerala. In view of the sluggish market conditions, the company has decided to sell off the land to a third party for a total consideration of Rs 26.50 crore. The proceeds of the sale will be utilized to reduce the debts of the company. This transaction is expected to be completed by 30 September 2016.

On a consolidated basis, Nitesh Estates reported net loss of Rs 2.55 crore in Q1 June 2016 as against net loss of Rs 20.33 crore in Q1 June 2015. Net sales rose 101.33% to Rs 98.23 crore in Q1 June 2016 over Q1 June 2015.

Nitesh Estates is a first generation real estate company headquartered in Bangalore.

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Lupin slides about 8% in two sessions
Aug 10,2016

Meanwhile, the BSE Sensex was down 165.98 points, or 0.59%, to 27,919.18.

On BSE, so far 2.28 lakh shares were traded in the counter, compared with average daily volume of 1.34 lakh shares in the past one quarter. The stock hit a high of Rs 1,608 and a low of Rs 1,552.50 so far during the day. The stock hit a record high of Rs 2,127 on 6 October 2015. The stock hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had underperformed the market over the past 30 days till 9 August 2016, falling 3.68% compared with 1.66% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.90% as against Sensexs 9.72% rise.

The large-cap company has equity capital of Rs 90.20 crore. Face value per share is Rs 2.

The brokerage reportedly said that the competition in top US products will weigh on the companys growth.Lupins key complex products lack visibility of launch. Lupin is likely to post single digit earnings per share growth in the year ending March 2018, it added.

Meanwhile, another foreign brokerage reportedly maintained underperform rating on Lupin. It reportedly said that risk-reward ratio is unfavourable for the stock. Q1 has been a peak profit quarter for Lupin. The brokerage cut its estimates on Lupins earnings per share for the year ending March 2017 (FY 2017).

According to media reports, shares of Lupin fell as its two main businesses n++ US and India n++ did not do well in Q1 June 2016. The US business numbers were disappointing when compared to Q4 March 2016, while the Indian business numbers were disappointing when compared to Q1 June 2015.

Reports added that the possibility of a punitive US Food and Drug Administration (USFDA) action on Lupins Goa plant also continues to be an overhang. Goa plant contributes about 20% of the US revenues.

Shares of Lupin fell 5.03% to Rs 1,607.60 yesterday, 9 August 2016, after the companys consolidated net profit rose 55.1% to Rs 882 crore on 40% growth in net sales to Rs 4313.60 crore in Q1 June 2016 over Q1 June 2015. The result was announced during market hours yesterday, 9 August 2016. The stock has fallen 7.83% in two sessions from its close of Rs 1,692.75 on Monday, 8 August 2016.

Lupins managing director Nilesh Gupta said that the company has delivered its best results to date in tune with its growth momentum. This was a record quarter, driven by robust growth across all key markets for the company viz. the United States, India and Japan, he said. The management remains committed to maintaining the companys growth trajectory given new product launches and approvals driven by strategic investments in technology and research, Gupta said.

Lupin is a pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership positions in the anti-TB segment.

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Lupin slides about 8% in two session
Aug 10,2016

Meanwhile, the BSE Sensex was down 165.98 points, or 0.59%, to 27,919.18.

On BSE, so far 2.28 lakh shares were traded in the counter, compared with average daily volume of 1.34 lakh shares in the past one quarter. The stock hit a high of Rs 1,608 and a low of Rs 1,552.50 so far during the day. The stock hit a 52-week high of Rs 2,127 on 6 October 2015. The stock hit a 52-week low of Rs 1,294.05 on 29 March 2016. The stock had underperformed the market over the past 30 days till 9 August 2016, falling 3.68% compared with 1.66% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.90% as against Sensexs 9.72% rise.

The large-cap company has equity capital of Rs 90.20 crore. Face value per share is Rs 2.

The brokerage reportedly said that the competition in top US products will weigh on the companys growth. Lupins key complex products lacks visibility of launch. Lupin is likely to post single digit earnings per share growth in the year ending March 2018, it added.

Meanwhile, another foreign brokerage reportedly maintained underperform rating on Lupin. It reportedly said that risk-reward ratio is unfavourable for the company. Q1 has been a peak profit quarter for Lupin. The brokerage cut Lupins year ending March 2017 (FY 2017) earnings per share.

According to media reports, shares of Lupin fell as its two main businesses n++ US and India n++ did not do well in Q1 June 2016. The US business numbers were disappointing when compared to Q4 March 2016, while the Indian business numbers were disappointing when compared to Q1 June 2015.

Reports added that the possibility of a punitive US Food and Drug Administration (USFDA) action on Lupins Goa plant also continues to be an overhang. Goa plant contributes about 20% of the US revenues.

Shares of Lupin fell 5.03% to Rs 1,607.60 yesterday, 9 August 2016, after the companys consolidated net profit rose 55.1% to Rs 882 crore on 40% growth in net sales to Rs 4313.60 crore in Q1 June 2016 over Q1 June 2015. The result was announced during market hours yesterday, 9 August 2016. The stock has fallen 7.83% in two sessions from its close of Rs 1,692.75 on Monday, 8 August 2016.

Lupins managing director Nilesh Gupta said that the company has delivered its best results to date in tune with its growth momentum. This was a record quarter, driven by robust growth across all key markets for the company viz. the United States, India and Japan, he said. The management remains committed to maintaining the companys growth trajectory given new product launches and approvals driven by strategic investments in technology and research, Gupta said.

Lupin is a pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally. The company is a significant player in the cardiovascular, diabetology, asthma, pediatric, CNS, GI, anti-infective and NSAID space and holds global leadership positions in the anti-TB segment.

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UCO Bank slides after reverse turnaround in Q1
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 200.36 points or 0.71% at 27,884.80.

On BSE, so far 1.23 lakh shares were traded in the counter as against average daily volume of 3.48 lakh shares in the past one quarter. The stock hit a high of Rs 41.90 and a low of Rs 40.20 so far during the day. The stock had hit a 52-week low of Rs 27.80 on 15 February 2016. The stock had hit a 52-week high of Rs 57.05 on 18 August 2015. The stock had underperformed the market over the past one month till 9 August 2016, sliding 2.95% compared with 3.53% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 14.15% as against Sensexs 9.33% rise.

The mid-cap state-run bank has equity capital of Rs 1301.06 crore. Face value per share is Rs 10.

UCO Banks total income declined 8.53% to Rs 4727.93 crore in Q1 June 2016 over Q1 June 2015.

The banks gross non-performing assets (NPAs) stood at Rs 22597.70 crore as on 30 June 2016 compared with Rs 20907.73 crore as on 31 March 2016 and Rs 10894.41 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 17.19% as on 30 June 2016 compared with 15.43% as on 31 March 2016 and 7.3% as on 30 June 2015. The ratio of net NPAs to net advances stood at 10.04% as on 30 June 2016 as against 9.09% as on 31 March 2016 and 4.53 as on 30 June 2015.

UCO Banks provisions and contingencies surged 63.8% to Rs 1250.50 crore in Q1 June 2016 over Q1 June 2015.

The Government of India held 77.54% stake in UCO Bank (as per the shareholding pattern as on 30 June 2016).

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Indian Overseas Bank slides after dismal Q1 earnings
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the BSE Sensex was down 56.62 points, or 0.20%, to 28,028.54.

On BSE, so far 2.77 lakh shares were traded in the counter, compared with average daily volume of 2.83 lakh shares in the past one quarter. The stock hit a high of Rs 26.50 and a low of Rs 25.90 so far during the day. The stock hit a 52-week high of Rs 40.85 on 19 August 2015. The stock hit a 52-week low of Rs 21.10 on 12 February 2016. The stock had underperformed the market over the past 30 days till 9 August 2016, falling 4.21% compared with 1.66% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.24% as against Sensexs 9.72% rise.

The mid-cap bank has equity capital of Rs 1899.01 crore. Face value per share is Rs 10.

Indian Overseas Bank (IOB)s total income declined 12.05% to Rs 5868.44 crore in Q1 June 2016 over Q1 June 2015.

IOBs gross non-performing assets (NPAs) stood at Rs 33913.15 crore as on 30 June 2016 as against Rs 16451.20 crore as on 31 March 2016 and Rs 30048.63 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 20.48% as on 30 June 2016 as against 9.40% as on 31 March 2016 and 17.40% as on 30 June 2015. The ratio of net NPAs to net advances stood at 13.97% as on 30 June 2016 as against 6.31% as on 31 March 2016 and 11.89% as on 30 June 2015.

The banks provisions and contingencies (excluding tax provisions) rose 222.17% to Rs 2137.81 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 47.61% as on 30 June 2016.

Government of India holds 73.58% stake in Indian Overseas Bank (as on 30 June 2016).

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Power Finance Corp nudges higher after announcing Q1 earnings
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 54.24 points or 0.19% at 28,030.92.

On BSE, so far 1.12 lakh shares were traded in the counter as against average daily volume of 2.64 lakh shares in the past one quarter. The stock hit a high of Rs 227.95 and a low of Rs 224.50 so far during the day. The stock had hit a 52-week high of Rs 256.60 on 4 November 2015. The stock had hit a 52-week low of Rs 140.40 on 17 February 2016. The stock had outperformed the market over the past one month till 9 August 2016, surging 15.3% compared with 3.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 30.41% as against Sensexs 9.33% rise.

The large-cap company has equity capital of Rs 1320.04 crore. Face value per share is Rs 10.

Power Finance Corporations (PFC) board of directors gave in-principle approval for the merger of PFC Green Energy (PFC GEL), a wholly owned subsidiary of the company with PFC.

State-run PFCs main business is to provide finance to the power sector. Government of India (GoI) currently holds 67.8% stake in PFC (as per the shareholding pattern as on 30 June 2016).

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JK Tyre tumbles after weak Q1 results
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the BSE Sensex was up 4.55 points, or 0.02%, to 28,089.71.

On BSE, so far 1.96 lakh shares were traded in the counter, compared with average daily volume of 2.15 lakh shares in the past one quarter. The stock hit a high of Rs 101 and a low of Rs 98.20 so far during the day. The stock hit a 52-week high of Rs 122.60 on 19 August 2015. The stock hit a 52-week low of Rs 74.05 on 29 February 2016. The stock had outperformed the market over the past 30 days till 9 August 2016, rising 14.30% compared with 1.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.78% as against Sensexs 9.72% rise.

The small-cap company has equity capital of Rs 45.36 crore. Face value per share is Rs 2.

JK Tyre & Industries consolidated operating profit rose 19.02% to Rs 363 crore in Q1 June 2016 over Q1 June 2015.

The results for Q1 June 2016 includes working of Cavendish Industries acquired on 13 April 2016 which restarted its operations in mid May 2016. Therefore, results for the quarter are not comparable with previous period.

The companys chairman and managing director, Dr Raghupati Singhania, said that monsoons have had a good start and it is expected to be above normal. This augurs well for tyre industry, particularly in agriculture sector apart from revival of rural demand. Singhania added that it is indeed a matter of great concern that Chinese tyres continue to flood Indian market, more particularly, in the truck/bus radial segment which is causing great injury to the Indian tyre industry. The tyre industry has made several representations to the government to take urgent measures to arrest indiscriminate dumping of these cheap Chinese tyres in India, and expects an early action. He further said that with the opening of mining sector, and higher investments in the infrastructure segment on one hand, and full benefit of additional capacities on the other, the outlook is good in the coming months.

JK Tyre & Industries is a leading four-wheeler tyre manufacturer in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments in the four-wheeler automobile industry.

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Concor inches up after announcing Q1 results
Aug 10,2016

The result was announced after market hours yesterday, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 22.87 points or 0.08% at 28,062.29.

On BSE, so far 6,489 shares were traded in the counter as against average daily volume of 18,648 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.16% at the days high of Rs 1,490 so far during the day. The stock lost as much as 4% at the days low of Rs 1,400 so far during the day. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock had hit a 52-week high of Rs 1,689.95 on 11 August 2015. The stock had underperformed the market over the past one month till 9 August 2016, sliding 0.32% compared with 3.53% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10% as against Sensexs 9.33% rise.

The large-cap company has equity capital of Rs 194.97 crore. Face value per share is Rs 10.

Container Corporation of India (Concor) provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 56.79% stake in Concor (as per the shareholding pattern as on 30 June 2016).

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Adani Ports witnesses volatility after reporting strong Q1 results
Aug 09,2016

The result was announced during market hours today, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 106.95 points or 0.38% at 28,075.62.

On BSE, so far 10.11 lakh shares were traded in the counter as against average daily volume of 5.98 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 2.22% at the days low of Rs 235.05 so far during the day. The stock rose as much as 1.26% at the days high of Rs 243.45 so far during the day. The stock had hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had outperformed the market over the past one month till 8 August 2016, advancing 16.11% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.31% as against Sensexs 11.71% rise.

The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.

Adani Ports and Special Economic Zones (APSEZ) consolidated cargo volumes increased by 7% to 42.33 million metric tonne (MMT) in Q1 June 2016 over Q1 June 2015.

APSEZs Chief Executive Officer Karan Adani said that a healthy growth in cargo volumes, operational efficiencies and the companys strategy to increase bulk cargo volumes, other than coal volumes have enabled APSEZ to report all round growth in Q1 June 2016. The growth in bottom line during the quarter was a result of immense focus on controlling borrowing costs along with maintaining high EBITDA (earnings before interest, taxation, depreciation and amortization) margin, Adani said. Going forward, coastal shipping, commissioning of CT4, further growth in volumes at Kattupalli will be the companys focus areas, Adani added.

APSEZ, a part of the Adani Group, is Indias largest private port operator.

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Vesuvius India corrects on profit booking
Aug 09,2016

Meanwhile, the BSE Sensex was down 120.61 points, or 0.43%, to 28,061.96.41

On BSE, so far 98,000 shares were traded in the counter, compared with average daily volume of 1,411 shares in the past one quarter. The stock hit a high of Rs 1,077 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 983.95 so far during the day. The stock hit a 52-week low of Rs 620 on 25 August 2015. The stock had outperformed the market over the past 30 days till 8 August 2016, rising 20.72% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.64% as against Sensexs 9.35% rise.

The small-cap company has equity capital of Rs 20.30 crore. Face value per share is Rs 10.

Shares of Vesuvius India hit an upper circuit limit of 20% to end at Rs 1,056.65 yesterday, 8 August 2016, after the companys net profit rose 23.5% to Rs 23.81 crore on 23.4% rise in net sales to Rs 207.36 crore in Q2 June 2016 over Q2 June 2015. The result was announced during market hours yesterday, 8 August 2016.

Vesuvius India is primarily a manufacturer and trader of refractories.

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