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Britannia Industries spurts after good Q1 earnings
Aug 08,2016

The result was announced during trading hours today, 8 August 2016.

Meanwhile, the BSE Sensex was up 59.97 points, or 0.21%, to 28,138.32.

On BSE, so far 93,000 shares were traded in the counter, compared with average daily volume of 21,293 shares in the past one quarter. The stock hit a high of Rs 3,103.80 and a low of Rs 2,885.10 so far during the day. The stock hit a record high of Rs 3,435 on 13 August 2015. The stock hit a 52-week low of Rs 2,506.65 on 12 February 2016. The stock had underperformed the market over the past 30 days till 5 August 2016, rising 2.48% compared with 3.22% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.39% as against Sensexs 11.30% rise.

The large-cap company has an equity capital of Rs 24 crore. Face value per share is Rs 2.

Britannia Industries said in a press release that consolidated profit from operations rose 11% to Rs 288 crore and net profit rose 13% to Rs 219 crore in Q1 June 2016 over Q1 June 2015. Consolidated revenue grew 8% for at Rs 2162 crore in Q1 June 2016 over Q1 June 2015.

Commenting on the performance, Varun Berry, managing director, said that the category growths remained subdued during the quarter, however a good monsoon and impact of 7th pay commission would aid consumption and boost demand going forward. The deteriorating geopolitical situation and currency fluctuations in certain geographies like Middle East and Africa have also impacted the companys growths. The firm launched some delightful products like Good day Nuts cookies, NutriChoice Oat cookies & Biscotti during the quarter which bolstered growth. The company intends to drive consumer off take & strengthen its momentum through re-stage of its brands and plugging its product portfolio gaps going forward. Commodity prices have firmed up significantly over the last two quarters and the firm has initiated a combination of price increase & cost efficiency measures to address this. With a strengthened back end in terms of technologically superior factories and state-of-the-art R&D centre, the company is confident of delivering new products for consumers, he added.

Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.

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Hindalco hits 52-week high after strong Q1 earnings from Novelis
Aug 08,2016

Meanwhile, the S&P BSE Sensex was up 99.70 points or 0.36% at 28,178.05.

On BSE, so far 10.92 lakh shares were traded in the counter as against average daily volume of 14.12 lakh shares in the past one quarter. The stock hit a high of Rs 151.90 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 145.70 so far during the day. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 5 August 2016, advancing 16.34% compared with 3.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 58.9% as against Sensexs 11.15% rise.

The large-cap company has equity capital of Rs 206.50 crore. Face value per share is Rs 1.

Novelis adjusted net profit rose 37.5% to $33 million in Q1 June 2016 over Q1 June 2015. Net sales declined 13% to $2.3 billion in Q1 June 2016 over Q1 June 2015, due to lower average aluminum prices and local market premiums, as well as lower total shipments, which was partially offset by increased shipments of higher conversion premium products.

Novelis adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 26% to $268 million in Q1 June 2016 over Q1 June 2015, driven by higher productivity and lower costs associated with the start-up of new automotive finishing and recycling capacity in the prior year.

Hindalco is scheduled to announce Q1 June 2016 results on Friday, 12 August 2016. Net profit jumped 123.4% to Rs 356.33 crore on 7.3% decline in net sales to Rs 8542.66 crore in Q4 March 2016 over Q4 March 2015.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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Wockhardt slumps on reports of brokerage downgrade
Aug 08,2016

Meanwhile, the BSE Sensex was up 94.99 points, or 0.34%, to 28,173.34.

On BSE, so far 4.47 lakh shares were traded in the counter, compared with average daily volume of 1.79 lakh shares in the past one quarter. The stock hit a high of Rs 960 and a low of Rs 870 so far during the day. The stock hit a 52-week high of Rs 1,748.20 on 2 December 2015. The stock hit a 52-week low of Rs 706.35 on 12 February 2016. The stock had outperformed the market over the past 30 days till 5 August 2016, rising 8.13% compared with 3.22% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.43% as against Sensexs 11.30% rise.

The large-cap company has an equity capital of Rs 55.27 crore. Face value per share is Rs 5.

The downgrade was followed by media reports suggesting that Wockhardts Ankleshwar plant received an import alert from the US Food and Drugs Administration (USFDA) for alleged violation of good manufacturing practices.

According to reports, the foreign brokerage said that the Ankleshwar facility receiving under import alert may lead to Wockhardts multiples falling under pressure in the near term. However, the brokerage reportedly remains bullish on the stock for long term.

Reports sugested that the USFDA had carried out an inspection at the Ankleshwar plant in November last year and issued adverse observations known as Form 483 for violating good manufacturing practices. The Ankleshwar plant makes both formulations and active pharmaceutical ingredients and largely caters to domestic and European markets. However, it exports some formulations and active pharmaceutical ingredients (APIs) to Wockhardts US plant.

On a consolidated basis, net profit of Wockhardt rose 25.88% to Rs 42.90 crore on 6.10% decline in net sales to Rs 1013.36 crore in Q4 March 2016 over Q4 March 2015. The company will announce Q1 results on 13 August 2016.

Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.

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Union Bank of India tumbles after weak Q1 numbers
Aug 08,2016

The result was announced on Saturday, 6 August 2016.

Meanwhile, the S&P BSE Sensex was up 92.17 points or 0.33% at 28,170.52.

On BSE, so far 10.17 lakh shares were traded in the counter as against average daily volume of 6.88 lakh shares in the past one quarter. The stock hit a high of Rs 133.65 and a low of Rs 127.20 so far during the day. The stock had hit a 52-week low of Rs 104.05 on 29 February 2016. The stock had hit a 52-week high of Rs 222.45 on 18 August 2015. The stock had underperformed the market over the past one month till 5 August 2016, advancing 1.89% compared with 3.36% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 17.42% as against Sensexs 11.15% rise.

The mid-cap bank has equity capital of Rs 687.44 crore. Face value per share is Rs 10.

Union Bank of Indias domestic net interest margin (NIM) stood at 2.36% in Q1 June 2016 compared with 2.46% in Q1 June 2015. Global NIM stood at 2.28% in Q1 June 2016 as against 2.39% in Q1 June 2015.

The banks average current and savings account (CASA) ratio improved to 29.5% in Q1 June 2016 from 27% in Q1 June 2015 and 29.2% in Q4 March 2016.

Union Bank of Indias gross non-performing assets (NPA) stood at Rs 27280.90 crore as on 30 June 2016 compared with Rs 24170.89 crore as on 31 March 2016 and Rs 14143.62 crore as on 30 June 2015. The ratio of gross NPA to gross advances stood at 10.16% as on 30 June 2016 as against 8.7% as on 31 March 2016 and 5.53% as on 30 June 2015. The ratio of net NPA to net advances stood at 6.16% as on 30 June 2016 compared with 5.25% as on 31 March 2016 and 3.08% as on 30 June 2015.

The banks provisions and contingencies jumped 110.6% to Rs 1352.96 crore in Q1 June 2016 over Q1 June 2015.

Provision coverage ratio stood at 50% as on 30 June 2016 as against 51% as on 31 March 2016 and 58% as on 30 June 2015.

Union Bank of India is one of largest state-owned banks in India. The Government of India (GoI) held 63.44% in Union Bank of India (as per the shareholding pattern as on 30 June 2016).

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HPCL gains after RBI nod for hike in foreign investment limit
Aug 08,2016

Meanwhile, the BSE Sensex was up 79.36 points, or 0.28%, to 28,157.71.

On BSE, so far 69,000 shares were traded in the counter, compared with average daily volume of 1.45 lakh shares in the past one quarter. The stock hit a high of Rs 1,298.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,270.90 so far during the day. The stock hit a 52-week low of Rs 636 on 25 February 2016. The stock had outperformed the market over the past 30 days till 5 August 2016, rising 21.71% compared with 3.22% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.52% as against Sensexs 11.30% rise.

The large-cap company has an equity capital of Rs 338.63 crore. Face value per share is Rs 10.

The Reserve Bank of India (RBI) notified on Friday, 5 August 2016, that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) from default can now invest from existing 24% up to 40% of the paid up capital of HPCL under the Portfolio Investment Scheme (PIS). RBI stated that the company has passed resolution at its board of directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.

HPCLs net profit drops 28.2% to Rs 1552.94 crore on 5.4% drop in net sales to Rs 42125.96 crore in Q4 March 2016 over Q4 March 2015. The company will announce Q1 results on 22 August 2016.

HPCL is a public sector oil marketing company. The Government of India held 51.11% stake in HPCL as per the shareholding pattern as on 30 June 2016.

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Caplin Point Laboratories gains after good Q1 results
Aug 08,2016

The result was announced after market hours on Friday, 5 August 2016.

Meanwhile, the BSE Sensex was up 114.12 points, or 0.41%, to 28,192.47.

On BSE, so far 3,874 shares were traded in the counter, compared with average daily volume of 3,314 shares in the past one quarter. The stock hit a high of Rs 1,270 and a low of Rs 1,220 so far during the day. The stock hit a record high of Rs 1,639 on 3 September 2015. The stock hit a 52-week low of Rs 835.25 on 12 February 2016. The stock had outperformed the market over the past 30 days till 5 August 2016, rising 13.82% compared with 3.22% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.31% as against Sensexs 11.30% rise.

The small-cap company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.

On a consolidated basis, Caplin Point Laboratories earnings before interest, taxes, depreciation and amortization (EBITDA) rose 21% to Rs 23.83 crore in Q1 June 2016 over Q1 June 2015.

EBITDA margin were reported at 28% in Q1 June 2016, in line with 28% reported in Q1 June 2015.

Meanwhile, the companys board of directors approved for 5-for-1 stock split proposal.

Caplin Point Laboratories is a pharmaceutical company, catering predominantly to emerging markets of Latin America and Africa.

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CARE jumps after strong Q1 earnings
Aug 08,2016

Meanwhile, the S&P BSE Sensex was up 123.99 points or 0.44% at 28,202.34.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 7,432 shares in the past one quarter. The stock hit a high of Rs 1,149 and a low of Rs 1,069 so far during the day. The stock had hit a 52-week high of Rs 1,473 on 7 August 2015. The stock had hit a 52-week low of Rs 885 on 26 February 2016. The stock had outperformed the market over the past one month till 5 August 2016, advancing 7.38% compared with 3.36% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 7.16% as against Sensexs 11.15% rise.

The mid-cap company has equity capital of Rs 29.40 crore. Face value per share is Rs 10.

The companys EBITDA (earnings before interest, taxation, depreciation and amortization) margin jumped to 63.3% in Q1 June 2016 from 52.7% in Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

CAREs MD & CEO D R Dogra said that the company has posted fairly good results in Q1 June 2016. The future course of the economy will guide the progress in the market which will have a bearing on the companys prospects, he said.

CAREs board of directors have appointed Rajesh Mokashi, Deputy Managing Director of the company as the Managing Director and CEO of the company with effect from 22 August 2016 for a period of five years subject to the approval of the shareholders at the ensuing Annual General Meeting.

The board has given its approval for setting up a wholly owned subsidiary company for carrying out advisory, research and training services subject to regulatory approvals.

CARE is a credit rating agency in India. CARE provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.

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Tata Coffee spurts after robust Q1 results
Aug 08,2016

The result was announced on Saturday, 6 August 2016.

Meanwhile, the BSE Sensex was up 118.49 points, or 0.42%, to 28,196.84.

On BSE, so far 5.73 lakh shares were traded in the counter, compared with average daily volume of 2.58 lakh shares in the past one quarter. The stock hit a high of Rs 131.50 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 124.15 so far during the day. The stock hit a 52-week low of Rs 81.70 on 17 February 2016. The stock had underperformed the market over the past 30 days till 5 August 2016, rising 0.22% compared with 3.22% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 28.25% as against Sensexs 11.30% rise.

The small-cap company has an equity capital of Rs 18.68 crore. Face value per share is Re 1.

Tata Coffee is the largest integrated coffee plantation company in the world. The company grows coffee on its own estates, processes the beans, exports green coffee, manufactures and exports Instant Coffee and retails coffee with its own branding in the domestic market.

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Glenmark Pharma gains after receiving USFDA approval for Kenalog generic
Aug 08,2016

The announcement was made before trading hours today, 8 August 2016.

Meanwhile, the BSE Sensex was up 135.86 points, or 0.48%, to 28,214.21.

On BSE, so far 1,993 shares were traded in the counter, compared with average daily volume of 40,431 shares in the past one quarter. The stock hit a high of Rs 852.30 and a low of Rs 846.30 so far during the day. The stock hit a record high of Rs 1,261.95 on 21 August 2015. The stock hit a 52-week low of Rs 671.50 on 12 February 2016. The stock had underperformed the market over the past 30 days till 5 August 2016, rising 2.80% compared with 3.22% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.90% as against Sensexs 11.30% rise.

The large-cap company has an equity capital of Rs 28.22 crore. Face value per share is Re 1.

Glenmark Pharmaceuticals said that its US-based subsidiary, Glenmark Pharmaceuticals Inc., USA, has been granted final approval by the United States Food & Drug Administration (USFDA) for Triamcinolone Acetonide cream USP, 0.1%, the generic version of Kenalog cream, 0.1% of Delcor Asset Corporation (Which is no longer being marketed in the US).

Triamcinolone acetonide cream is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

According to IMS Health sales data for the 12-month period ending June 2016, the Kenalog Cream, 0.1% market achieved annual sales of approximately $43.6 million in the US market.

Glenmark said that its current portfolio consists of 108 products authorized for distribution in the US marketplace and 61 Abbreviated New Drug Application (ANDA) pending approval With the USFDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth ofits existing pipeline and portfolio.

On a consolidated basis, Glenmark Pharmaceuticals net profit rose 1516.31% to Rs 171.49 crore on 23.96% rise in net sales to Rs 2174.02 crore in Q4 March 2016 over Q4 March 2015.The company will declare Q1 results on 12 August 2016.

Glenmark Pharmaceuticals is a research-driven, global, integrated pharmaceutical organization. Glenmark is a leading player in the discovery of new molecules both NCEs (new chemical entity) and NBEs (new biological entity). Glenmark has several molecules in various stages of clinical development and is primarily-focused in the areas of inflammation (asthma/COPD, rheumatoid arthritis etc.) and pain (neuropathic pain and inflammatory pain).

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Bharat Electronics declines after announcing weak Q1 results
Aug 08,2016

The result was announced after market hours on Friday, 5 August 2016.

Meanwhile, the S&P BSE Sensex was up 134.55 points or 0.48% at 28,212.90.

On BSE, so far 5,508 shares were traded in the counter as against average daily volume of 32,997 shares in the past one quarter. The stock hit a high of Rs 1,260 and a low of Rs 1,226.50 so far during the day. The stock had hit a 52-week low of Rs 984.36 on 25 August 2015. The stock had hit a record high of Rs 1,416.70 on 4 January 2016.

The large-cap company has equity capital of Rs 240 crore. Face value per share is Rs 10.

Bharat Electronics board approved the proposal for buyback of equity shares of the company for a total consideration not exceeding Rs 2171.15 crore at a buyback price of Rs 1,305 per share through a tender offer. The promoters of the company intimated their interest to participate in the proposed buyback.

Bharat Electronics was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company servicing the needs of customers in diverse fields in India and abroad.

The Government of India currently holds 75.02% stake in Bharat Electronics (as per the shareholding pattern as on 30 June 2016).

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Kotak Mahindra Bank advances after bulk deals
Aug 05,2016

Meanwhile, the S&P BSE Sensex was up 382.19 points or 1.38% at 28,096.56

A bulk deal of 1.85 lakh shares was executed on the Kotak Mahindra Bank scrip at Rs 759.35 per share at 09:50 IST on BSE. Another bulk deal of 3.50 lakh shares was executed on the scrip at Rs 759 per share at 10:55 IST on BSE. One more bulk deal of 5.02 lakh shares was executed on the scrip at Rs 766.50 per share at 12:34 IST.

Bulk deals boosted volume on the scrip. On BSE, so far 14.42 lakh shares were traded in the counter as against average daily volume of 1.61 lakh shares in the past one quarter. The stock hit a high of Rs 774.80 and a low of Rs 756.40 so far during the day. The stock had hit a record high of Rs 790 on 21 July 2016. The stock had hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had underperformed the market over the past one month till 20 July 2016, advancing 1.58% compared with Sensexs 3.9% rise. The scrip had also underperformed the market in past one quarter, gaining 6.26% as against Sensexs 8.02% rise.

The large-cap bank has equity capital of Rs 918 crore. Face value per share is Rs 5.

Kotak Mahindra Bank net profit rose 291% to Rs 741.97 crore on 11.7% growth in total income to Rs 5120.03 crore in Q1 June 2016 over Q1 June 2015.

Kotak Mahindra Bank is one of the leading private sector banks in India.

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Karnataka Bank drops after announcing details of rights issue
Aug 05,2016

Meanwhile, the S&P BSE Sensex was up 279.97 points or 1.01% at 27,994.34

On BSE, so far 7.29 lakh shares were traded in the counter as against average daily volume of 3.13 lakh shares in the past one quarter. The stock hit a high of Rs 154.30 and a low of Rs 141.85 so far during the day. The stock had hit a 52-week high of Rs 158.80 on 15 July 2016. The stock had hit a 52-week low of Rs 84.85 on 29 February 2016. The stock had outperformed the market over the past one month till 4 August 2016, rising 1.84% compared with 1.6% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 39.84% as against Sensexs 10.41% rise.

The small-cap private sector bank has equity capital of Rs 188.46 crore. Face value per share is Rs 10.

The rights issue will be in the ratio of one share for every two shares held. The bank made the announcement of the details of the rights issue during market hours.

Karnataka Banks net profit rose 11.2% to Rs 121.54 crore on 6.4% growth in total income to Rs 1434.96 crore in Q1 June 2016 over Q1 June 2015.

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Bharat Forge spurts on encouraging management guidance
Aug 05,2016

Meanwhile, the S&P BSE Sensex was up 248.95 points, or 0.90%, to 27,963.32.

On BSE, so far 9.44 lakh shares were traded in the counter, compared with an average daily volume of 83,462 shares in the past one quarter. The stock hit a high of Rs 819.95 and a low of Rs 719 so far during the day. The stock hit a 52-week high of Rs 1,292.50 on 20 August 2015. The stock hit a 52-week low of Rs 686.80 on 24 June 2016. The stock had underperformed the market over the past one month till 4 August 2016, falling 6.92% compared with 1.60% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 6.95% as against Sensexs 10.41% rise.

The large-cap company has equity capital of Rs 46.56 crore. Face value per share is Rs 2.

Shares of Bharat Forge had edged lower ahead of Q1 results. The stock fell 4.69% in four trading sessions to settle at Rs 723.50 yesterday, 5 August 2016, from its close of Rs 759.10 on 29 July 2016.

Bharat Forges net profit fell 37.7% to Rs 122.10 crore on 19.3% decline in total revenues to Rs 957.10 crore in Q1 June 2016 over Q1 June 2015. The domestic revenues registered a strong growth of Rs 10.8% but it was negated by the 40% de-growth in exports that was affected mainly by a declining US heavy truck market and the commodity related sectors in the industrial segment.

Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 31.3% to Rs 253.70 crore in Q1 June 2016 over Q1 June 2015. EBITDA margins declined to 26.5% in Q1 June 2016 compared with 31.1% in Q1 June 2015. EBITDA was affected by product mix with lower value addition and lower realisation. The result was announced during trading hours today, 5 August 2016.

BN Kalyani the chairman and managing director of Bharat Forge said that although the financial year ending March 2017 (FY 2017) is a sluggish year in terms of sales development, the company believes that the phase of sequential sales decline has passed. Looking ahead in to Q2 September 2016, the company anticipates demand to be slightly higher compared to Q1 June 2016, with positive demand in India across automotive and industrial.

Bharat Forge is the flagship company of Kalyani Group. It is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, power, construction & mining, aerospace and rail & marine.

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Bharat Forge spurts on encouraging management commentary after weak Q1 results
Aug 05,2016

Meanwhile, the S&P BSE Sensex was up 248.95 points, or 0.90%, to 27,963.32.

On BSE, so far 9.44 lakh shares were traded in the counter, compared with an average daily volume of 83,462 shares in the past one quarter. The stock hit a high of Rs 819.95 and a low of Rs 719 so far during the day. The stock hit a 52-week high of Rs 1,292.50 on 20 August 2015. The stock hit a 52-week low of Rs 686.80 on 24 June 2016. The stock had underperformed the market over the past one month till 4 August 2016, falling 6.92% compared with 1.6% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 6.95% as against the Sensexs 10.41% rise.

The large-cap company has equity capital of Rs 46.56 crore. Face value per share is Rs 2.

Shares of Bharat Forge had edged lower ahead of Q1 results. The stock fell 4.69% in four trading sessions to settle at Rs 723.50 yesterday, 5 August 2016, from its close of Rs 759.10 on 29 July 2016.

Bharat Forges net profit fell 37.7% to Rs 122.10 crore on 19.3% decline in total revenue to Rs 957.10 crore in Q1 June 2016 over Q1 June 2015. The domestic revenue registered a strong growth of Rs 10.8%, but it was negated by the 40% de-growth in exports that was affected mainly by a declining US heavy truck market and the commodity related sectors in the industrial segment.

Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 31.3% to Rs 253.70 crore in Q1 June 2016 over Q1 June 2015. EBITDA was adversely affected by product mix with lower value addition and lower realisation. EBITDA margins declined sharply to 26.5% in Q1 June 2016 from 31.1% in Q1 June 2015. The result was announced during trading hours today, 5 August 2016.

Kalyani said that he expects demand for the companys products and solutions to be slightly higher in Q2 September 2016 on sequential basis on the back of positive demand in India across automotive and industrial segments. He expects the challenging exports demand environment in industrial sector to continue for some time as global economies adjust to lower commodity prices. The companys focus for the current financial year is on accelerating product development pipeline, broadening the customer base and cash conservation.

Bharat Forge is the flagship company of Kalyani Group. It is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, power, construction & mining, aerospace and rail & marine.

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Pennar Engineering Building Systems gains after good Q1 result
Aug 05,2016

The result was announced after market hours yesterday, 4 August 2016.

Meanwhile, the S&P BSE Sensex was up 249.17 points or 0.9% at 27,963.54

On BSE, so far 5,537 shares were traded in the counter as against average daily volume of 2,224 shares in the past one quarter. The stock hit a high of Rs 198 so far during the day, matching its record high hit on 29 July 2016. The stock hit a low of Rs 185.55 so far during the day. The stock had hit a record low of Rs 127 on 11 February 2016. The stock had outperformed the market over the past one month till 4 August 2016, rising 10.26% compared with 1.60% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 28.66% as against Sensexs 10.41% rise.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems earnings before interest, taxation, depreciation and amortization (EBITDA) rose 16.9% to Rs 11.27 crore in Q1 June 2016 over Q1 June 2015. The company said that its current order book position stands at Rs 410 crore.

Pennar Engineered Building Systems is one of the leading custom designed building systems solutions providers in India. Its products and services include pre-engineered buildings, design and engineering services, solar module mounting structures, cold form buildings and structural steel products, which are widely used for various manufacturing, warehousing, industrial, infrastructure, and custom-designed commercial buildings.

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