Centum Electronics shines on bagging new orders worth Rs 100 crore.

     Centum Electronics has received new orders worth Rs 100 crore from an Indian Defense Enterprise for the development and delivery of mission critical subsystems. The deliveries are required to be completed over a period of two years.
     Centum Electronics is basically engaged in designing and manufacturing of advanced electronics systems, subsystems, and components. These products cater to various segments such as communications, military, space, automotive and industrial electronics.
     Centum Electronics is currently trading at Rs. 760.00, up by 32.50 points or 4.47% from its previous closing of Rs. 727.50 on the BSE.

Crompton Greaves shines on bagging order worth Rs 115 crore from PGCIL.

     Crompton Greaves (CG) has bagged a significant order from Power Grid Corporation of India (PGCIL) for the supply of 80 MVAR 765kV Shunt Reactors valued at Rs 115 crore. The scope of this contract to be executed in 20 months includes design, engineering, manufacture, shop testing, supply, erection testing and commissioning at site, and other associated civil works.
     These reactors will be installed at PGCIL’s Vemagiri and Srikakulam Sub-stations in the state of Andhra Pradesh and will add to the existing population of over 100 CG made reactors already in commission in PGCIL’s UHV network. This order reinforces CG’s existing leadership in the UHV transmission segment in India and its long standing relationship with the Central Transmission Utility.
     The company won this order beating stiff global competition and its successful track record having partnered with PGCIL for multiple projects. These reactors when commissioned will not only enhance the transmission efficiency of the national grid, but will also improve the quality of power that reaches the consumer.
     Crompton Greaves is currently trading at Rs. 166.25, up by 2.40 points or 1.46% from its previous closing of Rs. 163.85 on the BSE.

BHEL surges on bagging contract for 1,080 MW Manuguru Thermal Power Project

     The newly formed Telangana state utility, Telangana State Power Generation Corporation (TSGENCO) has awarded BHEL with an EPC (Engineering, Procurement & Construction) order for setting up a 4x270 MW thermal power plant in the state. Earlier in December 2014, TSGENCO had placed an order for BHEL to set up Telangana’s first Supercritical Thermal Power Plant of 800 MW rating, also on EPC basis, at Kothagudem.
     Valued at over Rs 5000 crore, the present order envisages setting up a 4x270 MW Thermal Power Plant on EPC basis at Manuguru in Khammam District of Telangana. Significantly, the project is targeted to be commissioned in 24 months on fast track basis with both TSGENCO and BHEL setting up teams to expedite clearances and execution of the project. TSGENCO has also entered into a MoU with BHEL for construction of new thermal power plants totaling 6,000 MW in the state. All these power plants are expected to commence generation within the next three years to meet the state's increasing demand for power. With the order for Manuguru project, 1880 MW has already been awarded to BHEL.
     BHEL’s scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing & commissioning of 4x270 MW thermal sets on EPC basis. The key equipment for the contract will be manufactured at BHEL’s Trichy, Hyderabad, Haridwar, Bhopal, Ranipet, Bangalore and Jhansi plants, while the company's Power Sector - Western Region will be responsible for civil works and erection / commissioning of the equipment. Notably, with this order, BHEL’s reference list is enhanced to 35 sets of 270 MW ratings units.
      Bharat Heavy Electricals (BHEL) is currently trading at Rs. 237.65, up by 5.10 points or 2.19% from its previous closing of Rs. 232.55 on the BSE.

Good Luck Steel surges on getting Indian Railway nod for manufacturing of specific components.

     Good Luck Steel Tubes has received an approval from Indian Railway for manufacturing of specific components, one more step of the company towards its focus sector. Good Luck got approved by Chittaranjan Locomotive Works (CLW) for manufacturing in its forging unit the Armature Shaft of HTM for Electrical Locomotives. The company has become part-I supplier to the CLW by successfully supplying Armature Shafts. Another critical part i.e. Rotor Shaft is under advance development stage against CLW’s developmental order.
     The company has also got development order for Set of Under Frame Front Part for LHB coaches from Rail Coach Factory (RCF), Kapurthala. It will be manufactured in its structure division. The LBH coaches, the German technology, are superior to conventional coaches and could run at higher speed. The development Order/Approval from Integrated Coach Factory (ICF), Chennai and Rail Coach Factory (RCF), Rae Bareli is underway.
     Good Luck Group is an ISO 9001 certified organization, engaged in manufacturing and exporting of wide range of Automobile CDW Tubes, Forged Engineering Products, T&D Towers & Boiler Structure, Galvanized Pipes, Roofing Sheets & Annealed Sheets.
     Good Luck Steel Tubes is currently trading at Rs 77.05, up by 6.20 points or 8.75% from its previous closing of Rs 70.85 on the BSE.

Prime Focus shines on plan to sell its UK Broadcast Post business.

     Prime Focus, the world’s largest integrated media services company, has decided to sale its UK Broadcast Post Production business to new company blue 2.0. Under the terms of the agreement, which both parties are expecting to be finalized in the two weeks, blue 2.0 will take over the Prime Focus UK Broadcast facility at 58 Old Compton Street and the provision of its long-form, drama, short-form, entertainment and DI services. The new company will employ the majority of the current Prime Focus staff at Old Compton Street, and the phased transition of the business to the new owners will begin immediately.
     Prime Focus is retaining its Content Services offering (which provides services to long-standing clients such as the BFI and the Imperial War Museum), and a number of large-scale contracts with clients such as Red Bee Media, a major car manufacturer and a global consumer product brand. These contracts will continue to be serviced by Prime Focus staff from the company’s facility at 2 Bourchier Street.
     Prime Focus is a global visual entertainment services group that provides creative and technical services to the film, broadcast, and advertising market. The group offers a genuine end-to-end solution from pre-production to final delivery including visual effects, 2D to 3D conversion, video and audio post production, equipment hire, multi-platform content operations solutions and digital distribution.
     Prime Focus is currently trading at Rs. 40.85, up by 4.65 points or 12.85% from its previous closing of Rs 36.20 on the BSE.

Harrisons Malayalam soars on winning CII Certification.

     Harrisons Malayalam has received the CII Southern Region Environment, Health and Safety Award for its tea factory in Wentworth, and rubber factories in Kumbazha and Nagamallay for the year 2014.
     Last year in July, the company had been recognized as 'Best Company for Work' for 2014 by Great Place to Work Institute. It was the first company in Kerala and the first in the entire plantation industry to gain this recognition.
     Harrisons Malayalam is primarily engaged in production of tea. The company also has business interests in areas of rubber, spices and horticulture crops, tissue culture, engineering and services and clearing and shipping.
     Harrisons Malayalam is currently trading at Rs. 43.50, up by 0.95 points or 2.23% from its previous closing of Rs. 42.55 on the BSE.

Nava Bharat Ventures spurts as FIIs hike stake in company.

     Foreign institutional investors (FIIs) have bought over 5 lakh equity shares of Nava Bharat Ventures through a bulk deal on the National Stock Exchange. Morgan Stanley Asia Singapore PTE has acquired 5,82,369 equity shares of Nava Bharat Ventures.
     Nava Bharat Ventures is a diversified organization with interests in power generation, ferro alloys, mining and agri-business.
     Nava Bharat Ventures is currently trading at Rs. 183.25, up by 10.60 points or 6.14% from its previous closing of Rs. 172.65 on the BSE.

Stocks in News

Aarti Drugs Ltd: 

     The company, which has strong presence in the anti-diarrhoea and anti-inflammatory segments, is rewarding its shareholders with a 1:1 bonus issue of shares. However, investors buying the shares from Tuesday will not receive the bonus shares.

GMR Infrastructure Ltd: 

     The company told bourses Monday that its parent GMR Holdings Private has tied up Rs 1,250 crore to subscribe to shares of the former in the rights issue that opens Tuesday. 

Shreyas Shipping and Logistics Ltd: 

     A part of global conglomerate Transworld Group, said it plans to acquire four vessels by 2017. Shreyas Shipping and Logistics claims to be India's first container feeder owning and operating company. It currently owns and operates a fleet of six vessels trading on the Indian coast. 

Dr Reddy's Laboratories Ltd: 

     The pharma major entered into an agreement with Hetero to distribute and market generic version of US-firm Gilead Sciences' Hepatitis C drug under the brand 'Resof' in India. 

SpiceJet: 

     Budget carrier said it has resolved a legal dispute over aircraft rentals with one of its lessors, which will now allow the airline to retain three Boeing 737-800s in its fleet that has seen substantial reduction due to the financial crisis last year. 

Coal India Ltd: 

     The government today is believed to have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner CIL. 

update

BEAR AND BULL

UPL shines on increasing stake in UPL do Brasil.

    UPL through its step down wholly owned subsidiary has increased its stake in UPL do Brasil Industrie E Comercio de Insumos Agropecuarios S.A. (UPL do Brasil), a Brazilian company, from 73% to 100% by acquiring the balance 27% shares from its existing shareholders.

     This consolidation will help UPL to have a more focused approach into the Brazilian crop protection market, the largest and one of the fastest growing crop protection markets in the world.

     UPL do Brasil, based out of Campinas, Sao Paulo state in Brazil is engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market.

     UPL (formerly United Phosphorus) is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.

     UPL is currently trading at Rs. 423.00, up by 6.35 points or 1.52% from its previous closing of Rs. 416.65 on the BSE.

Premier Explosives soars on incorporating JVC for manufacturing defence products.

     Premier Explosives has incorporated ‘BF Premier Energy Systems’, a joint venture between the company and Kalyani Strategic Systems, from Bharat Forge group for manufacture of defence products on March 09, 2015.
     Premier Explosives is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. The company is the first manufacturer in India to deploy totally indigenous technology.
     Premier Explosives is currently trading at Rs. 260.70, up by 8.90 points or 3.53% from its previous closing of Rs. 251.80 on the BSE.

Tata Motors speeds up on plan of buying back NCDs worth Rs 1250 crore.

     In a bid to restructure its debt, Tata Motors is planning to buy back non-convertible debentures (NCDs) worth Rs 1250 crore. The company's board will meet on March 25, 2015, to consider and approve the proposal.
     The secured NCDs which were issued in May 2009 have maturity date of March 31, 2016. The buy back is a part of the company's debt restructuring programme to ensure a healthy debt-equity mix, balanced maturity profile, better terms that would include lower cost of debt.
     Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
     Tata Motors is currently trading at Rs. 555.05, up by 7.45 points or 1.36% from its previous closing of Rs. 547.60 on the BSE.

Educomp Solutions launching SmartclassOnline.

     Educomp Solutions has launched SmartclassOnline, an e-learning platform for students, parents, teachers and the school administration to improve the learning process. With this, the students can get a login ID and password to learn through audio visual content at home. Then can send queries to teachers, take tests online, see previous years' question papers, among others with the help of this platform.
     Schools can opt for a free start up pack and move to a full pack later. Students will be charged Rs 35 per month for the service.
     Educomp Solutions provides learning solutions to schools, governments, teachers, students and parents. It has research and development center located at Noida that creates quality products and services. The solution is based on education principles that help them to design education systems.
      Educomp Solutions is currently trading at Rs. 13.90, down by 0.15 points or 1.07% from its previous closing of Rs. 14.05 on the BSE.

Rupee ends tad stronger against dollar on Friday.

     Indian rupee after making flat start, recouped bit of ground and ended tad stronger against dollar on Friday on  account of sustained dollar sales by banks and exporters in view of dollar’s weakness overseas. However, profit-booking into local equities for second straight session also weighed on the sentiment. Nevertheless, gains of euro aided the local unit. On the global front, euro inched up against the dollar on Friday and was on track for its best weekly performance in 18 months, boosted by a sell-off in the greenback after the US Federal sounded a cautious tone on interest rates.
     Finally the rupee ended at 62.47, stronger by 4 paise from its previous close of 62.51 on Thursday. The currency touched a high and low of 62.58 and 62.43 respectively. 

Zicom Electronic trades jubilantly after RBI hikes investment limit of NRIs/PIOs to 24%.

     The Reserve Bank of India (RBI) has notified that Non Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now invest up to 24% of the paid up capital of Zicom Electronic Security Systems under the Portfolio Investment Scheme (PIS).
     The company has passed the resolutions 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 and convertible debentures by NRIs/PIOs.
     Zicom Electronic Security Systems is engaged in the business of developing security systems. The company offers a wide array of products and solutions such as CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, alarm system, fingerprint locks, video door phones and telecom tower security as well as advanced security training and management.
      Zicom Electronic Security Systems is currently trading at Rs. 171.70, up by 9.80 points or 6.05% from its previous closing of Rs. 161.90 on the BSE.

Madhucon Projects hits roof on receiving LoA worth Rs 397 crore from NHAI.

     Madhucon Projects has received the Letter of Award (LoA) on March 17, 2015 from National Highway Authority of India (NHAI) for the project work amounting Rs 397 crore. The order is for Improvement /Augmentation of two laning with Paved Shoulders from Km 1.600 to Km 80.000 (Existing Chainage) (Design Chainage from Km 1.600 to Km 80.133) of Nagapattinam - Thanjavur Section of NH-67 under NHDP-III on EPC mode (Total Design Length 78.533 Km) in the state of Tamil Nadu.
     Madhucon Projects is one of the India’s leading Engineering, Procurement and Construction (EPC) and Build, Operate and Transfer (BOT) contractors and has executed wide ranging projects in the areas of State & National Highways, Bridges, Flyovers, Irrigation Projects (Dams, Canals, Tunnels) Industrial Projects, Townships, Railway Projects etc.
     Madhucon Projects is currently trading at its upper circuit limit of Rs. 60.95, up by 2.90 points or 5.00% from its previous closing of Rs. 58.05 on the BSE.

C Mahendra Exports zooms on launching unique range of hand-made watches.

     C Mahendra Exports (CMEL) has launched its unique range of hand‐made watches. The group will be launching this new product range via its retail stores and online presence that form part of Ciemme Jewels, which is a subsidiary of C Mahendra Exports.
     The launch of this range of niche hand‐made watches will allow the C Mahendra Group to reinforce its presence in high‐end luxury watches.
     C Mahendra Exports is a renowned and trusted name since 1974, is one of the leading diamantaire and jewelry companies in India with a wide spread network around the world.
      C Mahendra Exports is currently trading at Rs. 12.36, up by 1.25 points or 11.25% from its previous closing of Rs. 11.11 on the BSE.

Rajesh Exports trades jubilantly on bagging order worth Rs 1265 crore.

     Rajesh Exports has bagged an export order worth Rs 1265 crore of designer range of gold and diamond studded jewellery and medallions from Al Sultan Jewellery, UAE. The order is to be completed by May 31, 2015. Execution of this order will significantly add to the bottom line of the company.
     This order will be executed at the company’s manufacturing facility at Bangalore, which is the world's largest jewellery manufacturing facility spread over 12 acres of land with a built up area of 5,00,000 Sqft. The manufacturing facility has an installed capacity to process 250 tons of jewellery per annum. The company is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsmen & artisans and its exceptionally strong backward integration infrastructure.
     Rajesh Exports with its undivided focus and expertise has grown to be the largest gold jewellery manufacturing company in the world. It is also the lowest cost gold Jewellery manufacturing company in the world.
     Rajesh Exports is currently trading at Rs. 220.15, up by 13.60 points or 6.58% from its previous closing of Rs. 206.55 on the BSE.

  

SAIL gains on embarking upon modernization at five of its steel plants.

     In a bid to augment its crude steel production capacity to 21.4 MTPA, Steel Authority of India (SAIL) has undertaken modernization and expansion at five of its steel plants. The five integrated steel plants are at Bhilai, Bokaro, Rourkela, Durgapur and Burnpur and a special steel plant at Salem. 
     Separately, the company will invest about Rs 4,749 crore to augment its production capacity of the iron ore mines of Gua in West Singhbhum district of Jharkhand.
     SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
     Steel Authority Of India (SAIL) is currently trading at Rs. 68.00, down by 0.15 points or 0.22 % from its previous closing of Rs. 68.15 on the BSE.

Running Bull

Rupee ends strong ahead of Fed’s two-day policy meet

     Indian rupee ended stronger on Tuesday tracking strength in most Asian currencies on account of weakness of dollar overseas ahead of US two-day policy meet which will begin later in the day.
     Finally the rupee ended at 62.72, stronger by 9 paise from its previous close of 62.81 on Monday. The currency touched a high and low of 62.80 and 62.67 respectively.

Amtek Auto soars on acquiring German based Scholz.

     Amtek Auto has acquired German based Scholz Edelstahl GmbH (Scholz) through its 100% Singapore based subsidiary Amtek Precision Engineering.
     Scholz is a leading high quality hot die forgings manufacturer for the auto and non-auto component industries. It is also engaged in the special steel trading business which will enable backward integration with all of Amtek Group’s international business.
     Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.
     Amtek Auto is currently trading at Rs. 154.60, up by 5.90 points or 3.97% from its previous closing of Rs. 148.70 on the BSE.

Sunil Hitech Engineers up 13% on road project in Karnataka.

     Sunil Hitech Engineers (SHEL), a leading EPC company focused on infrastructure projects and renewable energy, has bagged an order worth Rs 122.02 crore from the Ministry of Road Transport and Highways - Government of India for Rehabilitation and Upgrading to 2 lanes/2 lane with Paved shoulders configuration and strengthening of Madhugiri -Chikkaballapura -Mulbagal Section Road in the state of Karnataka. The order was bagged by company as the lead member in the SHEL -Assignia (JV) and the work is expected to be executed in around 24 months.
     This is the first major project that the company has received in the road EPC space and is in line with the company’s future philosophy to be an active player in the road sector on the EPC front. This order further showcases the steps the company is taking to step up business in other Infrastructure verticals such as building construction, roads, etc. apart from power related work on the way to become an Infrastructure conglomerate.
     Sunil Hitech Engineers is well-established player in EPC and Construction of Road & Bridges, Building works of institutions, hospitals and housing projects, cross country pipeline, civil & mechanical works of power and steel plants etc.
      Sunil Hitech Engineers is currently trading at Rs. 155.20, up by 14.70 points or 10.46% from its previous closing of Rs. 140.50 on the BSE.

DLF gains after SAT quashes SEBI’s market ban on the company.

     Securities Appellate Tribunal (SAT) has quashed a Securities and Exchange Board of India (SEBI) order against DLF, lifting a capital markets ban on the company’s promoters and related entities. The case relates to alleged non-disclosure of information by the company during its IPO in 2007, which had garnered about Rs 9,000 crore. Earlier in October 2014, SEBI had banned DLF and its key officials from accessing the capital markets for three years.
     This verdict will boost DLF in its struggle to reduce its net debt, which stood at $3.3 billion at the end of December. However, the ruling comes as a blow to SEBI which has stepped up its efforts to curb market manipulation and has called for better disclosures by listed companies.
     DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
     DLF is currently trading at Rs. 164.80, up by 7.30 points or 4.63% from its previous closing of Rs. 157.50 on the BSE.

Diamond Power Infrastructure trades jubilantly on bagging orders worth Rs 332 crore.

     Diamond Power Infrastructure, India’s one of the leading Power Equipment Manufacturers and EPC Company, has bagged orders aggregating to Rs 332 crore from ASEB and Nagaland Electricity Board. The orders are to be executed in the next 12 months. The company’s orders book position stands at Rs 2,034 crore.
     Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.
     Diamond Power Infrastructure is currently trading at Rs. 43.95, up by 6.00 points or 15.81% from its previous closing of Rs. 37.95 on the BSE.

Sonata Software trades jubilantly on the bourses

     Sonata Software, a global IT software services and technology solutions company, will be exhibiting at the Microsoft Convergence 2015, being held at Atlanta during March 16 - 19, 2015. Convergence is the premiere Microsoft business event for Microsoft Dynamics that brings the community together - partners, ISV’s, customers, industry experts and Microsoft team members - to learn, share and be inspired to do greater things with Microsoft Dynamics. The event is marked by educative sessions, insights, networking opportunities and exploring different services and solutions.
     Sonata is a Microsoft Gold Certified Partner for ERP and has a decade long association with the product. Sonata’s understanding of the product and its capability to build solutions around Dynamics AX has made Sonata a partner of choice for many Fortune 500 ISVs and enterprises. Sonata’s dedicated Center of Excellence has developed an array of solution accelerators around Dynamics AX that help in faster turn-around time and cost savings.
     Sonata Software is focused on innovative solutions for Travel, Retail and CPG verticals driven through integrating technologies such as Omni-channel commerce, Mobility, Analytics and Cloud.
      Sonata Software is currently trading at Rs. 170.35, up by 7.40 points or 4.54 % from its previous closing of Rs. 162.95 on the BSE.

Den Networks zooms on getting nod to hike foreign investment limit to 74%.

     Den Networks, a cable television services firm, has received an approval for increasing limit of foreign investment in the company from existing 49% to 74%.
     The board of director at their meeting held on March 11, 2015 have approved the increasing of limit subject to the approval from its shareholders and regulatory bodies as Foreign Investment Promotion Board of India (FIPB).
     Den Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.
     Den Networks is currently trading at Rs. 123.60, up by 9.05 points or 7.90% from its previous closing of Rs. 114.55 on the BSE.

Monnet Ispat soars on plan to sell stake in Monnet Power.

     In a bid to fuel expansion plans and future growth, Monnet Ispat and Energy (MIEL) is looking to sell some stake in its power generation subsidiary -- Monnet Power. MIEL, which holds 87.5 per cent stake in Monnet Power, is currently engaged in preliminary discussions with five-six power utilities, including a foreign firm, for strategic part-stake sale.
     Rapid capacity expansion of Monnet Power, now setting up a 1,050 MW coal-based power plant at Angul in Odisha, is the primary objective for inducting the partner into the venture.
     Monnet Ispat is engaged in the business of sponge iron, steel ingot & billets and coal mining.

     Monnet Ispat and Energy is currently trading at Rs. 71.20, up by 5.60 points or 8.54% from its previous closing of Rs. 65.60 on the BSE.

Container Corporation trades jubilantly as RBI raises FIIs limit

     Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to invest up to 34% of the paid-up capital in Container Corporation. RBI further advised that the foreign shareholding by FIIs/RFPIs in the company has gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.
     Container Corporation of India was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.
      Container Corporation of India is currently trading at Rs. 1606.00, up by 117.75 points or 7.91% from its previous closing of Rs. 1488.25 on the BSE

8K Miles gains as its arm enters into asset purchase agreement with Mindprint

     8K Miles Software Services - US Subsidiary - 8K Miles Software Services Inc. has entered into an asset purchase agreement with Mindprint Inc. (Mindprint), a clinical research software startup focused on analytics and operational software for Clinical Research Organizations (CROs) and Pharmaceutical Sponsors.
     This asset purchase agreement includes acquisitions of intellectual property, client contracts and employees. The total consideration in cash and stock, for the acquisition is $400,000 ($150,000 in cash and $250,000 worth of US subsidiary stock). The transaction is expected to close before March 31, 2015, subject to customary closing conditions.
     8K Miles Software Services is a global Cloud & Security solutions company. It provides digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, enterprises etc.
     8K Miles Software Services is currently trading at Rs. 738.00, up by 18.00 points or 2.50% from its previous closing of Rs. 720.00 on the BSE.

Stocks in News

Cairn India Ltd: 

     The company has obtained the regulator's nod to commercially produce gas in its prolific Rajasthan block, making it eligible to seek a longer extension after the contract for the block expires in 2020. 

Ambuja Cements Ltd: 

     On the fourth day of second tranche of ongoing auctions, in fierce biddings that lasted for hours, Ambuja Cement clinched Gare-Palma Sector-IV/8 block in Chhattisgarh while Jaypee Cement Corporation grabbed Mandla-South block in Madhya Pradesh. 

Sun Pharma Ltd: 

     Sun Pharma is voluntarily recalling 5,322 bottles of Ketorolac Tromethamine ophthalmic solution in the US market for failing to meet specifications. 

DLF Ltd: 

     India's largest realty firm DLF plans to monetise properties worth about Rs 15,000 crore under various projects to boost its cash flow and reduce debt, a senior company official said. 

Tata Consultancy Services Ltd:

      India's largest IT services provider, has said its revenue for the ongoing quarter will be in line with that in the previous year, and that it expects revenue to shrink in its energy segment as its clients grapple with the low price of oil. 

Stocks in News

BEML:

      State-owned mining and construction equipment manufacturer BEML rolled out the country's first Electric Drive Rear Dump Truck for large-scale coal mining applications. 

GMR Infrastructure Ltd: 

     GMR Infrastructure said its Rs 1,400 crore rights issue will open on March 24. The closing date for the rights issue is April 8, 2015. 

Power Grid Ltd: 

     Central transmission utility Power Grid Corporation said its board has approved total investment of Rs 1,481 crore in its various projects to be commissioned in the next 2-3 years. 

Container Corp: 

     The Reserve Bank has allowed foreign investors to invest up to 34 percent of the paid-up capital in Container Corporation of India. 

Suzlon Energy Ltd: 

     The debt-laden wind-turbine manufacturer, is keen to sell its forging and foundry company, in which it invested Rs 1,000 crore, and component units and office complexes worth about Rs 1,000 crore as it exits non-core areas and continues its fund-raising drive. 

APL Apollo gains as HDFC Growth Fund purchases 5.68 lakh shares

     Apollo Pipes has sold 3 lakh shares of APL Apollo Tubes through the open market route. The shares were sold on an average price of Rs 350.02 valuing the transaction to Rs 10.50 crore. On the other hand, HDFC MF A/C HDFC Growth Fund has bought 5.68 lakh shares in the company for an average price of Rs 350.65, through open market route valuing the transaction at Rs 19.93 crore.
     APL Apollo Tubes will continue to develop new products to compliment its wide basket of over 400 different pipes and sections. The company is targeting to spend over 0.5% of its turnover in R&D and new technologies.

     APL Apollo Tubes is currently trading at Rs. 370.00, up by 12.10 points or 3.38% from its previous closing of Rs. 357.90 on the BSE.

SPARC shines on receiving USFDA approval for ‘ELEPSIA XR’ extended-release tablets

      Sun Pharma Advanced Research Company (SPARC) has received an approval from US Food and Drug Administration (USFDA) for its New Drug Application (NDA) for ELEPSIA XR (Levetiracetam extended-release tablets 1000 mg and 1500 mg).
     ELEPSIA XR is indicated for adjunctive therapy in the treatment of partial onset seizures in patients 12 years of age and older with epilepsy. The product will be manufactured by Sun Pharmaceutical Industries at its Halol facility in Gujarat.
     Sun Pharma Advanced Research Company (SPARC) is an international pharmaceutical company engaged in research and development of drugs and delivery systems. 
     Sun Pharma Advanced Research Company (SPARC) is currently trading at Rs. 439.45, up by 27.70 points or 6.73% from its previous closing of Rs. 411.75 on the BSE.

Gulshan Polyols soars on entering into MoU with Orient Paper

     Gulshan Polyols has won one more Onsite Plant and has entered into a Memorandum of Understanding (MoU) with Orient Paper and lndustries (OPIL), Birla Group for setting up an Onsite PCC Plant for making writing paper in their Paper Mill located at Amlai, District Shahdol, Madhya Pradesh. This is the 6th Onsite plant set up by the company for supply of specialty PCC / WGCC suitable for Paper industry.
     Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.
      Gulshan Polyols is currently trading at Rs. 298.00, up by 11.60 points or 4.05% from its previous closing of Rs. 286.40 on the BSE.

Sun Pharma spurts for second successive session after announcing GSK’s Opiates business buy

     Sun Pharmaceutical Industries will buy GSK’s Opiates business in Australia. GlaxoSmithKline (GSK) and Sun Pharmaceutical Industries have announced that their respective wholly owned subsidiaries have reached an agreement related to GSK’s Opiates business in Australia. The current GSK Opiates business including related manufacturing sites in Latrobe (Tasmania) and Port Fairy (Victoria) and its portfolio of opiates products along with inventory will transfer to a subsidiary of Sun Pharma.
     The product portfolio consists of poppy-derived opiate raw materials that are primarily used in the manufacture of analgesics for the treatment of moderate to severe pain. All employees from both sites will also be offered employment by Sun with the Opiates business.
     The transaction will allow GSK to simplify its operations in Australia and allow it to focus on delivering its innovative product portfolio that will be central to the company’s growth strategy in this country.
     Sun Pharmaceutical Industries is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India, US and several other markets across the world.
     Sun Pharmaceutical Industries is currently trading at Rs. 999.00, up by 56.60 points or 6.01% from its previous closing of Rs. 942.40 on the BSE.

     Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 38,033 units during February 2015 as against 42,166 units during February 2014, registering a fall of 9.80%. The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,103 units in February 2015 as against 19,308 units during February 2014.
     The company’s domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014. In February 2015, the Truck & Bus division of the company sold 731 units, registering a growth of 21%. Exports for February 2015 stood at 3,115 units registering a growth of 10%.
     Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
     Mahindra & Mahindra is currently trading at Rs 1244.40, down by 33.05 points or 2.59% from its previous closing of Rs 1277.45 on the BSE.

Nitin Fire shines on getting product approval from Underwriters Laboratory.

     Nitin Fire Protection Industries has received the approval from Underwriters Laboratory (UL) one of the most prominent approving authorities for fire protection based out of USA for its clean agent suppression system for use into fire protection application for occupied enclosed areas.
     This UL is one of the most stringent approving authorities based out of USA who certifies the design and configuration of the system for various applications. The standards followed by them are one of the highest in the world and accepted worldwide. The company expects to have much higher business growth with this approval which has opened up some area where there were specific requirements of UL Listed systems.
     UL is a global independent safety science company with more than a century of expertise innovating safety solutions from the public adoption of electricity to new breakthroughs in sustainability, renewable energy and nanotechnology. Dedicated to promoting safe living and working environments, UL helps safeguard people, products and places in important ways, facilitating trade and providing peace of mind.
     Nitin Fire Protection is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India.
      Nitin Fire Protection Industries is currently trading at Rs. 42.10, up by 2.20 points or 5.51% from its previous closing of Rs. 39.90 on the BSE.

TVS Motor Company trades jubilantly on posting 15% sales growth in February 2015.

     TVS Motor Company has posted a sales growth of 15% during the month of February 2015, with total sales increasing from 177,662 units recorded in the month of February 2014 to 204,565 units in the month of February 2015. The Company's total exports grew by 35% with sales increasing from 28,782 units in the month of February 2014 to 38,725 units in February 2015. Two wheeler exports grew by 36% with sales increasing from 22,713 units in February 2014 to 31,001 units in February 2015.
     Total two wheeler sales increased by 15% from 170,293 units recorded in February 2014 to 195,509 units in February 2015. Domestic two wheeler sales grew by 11% increasing from 147,580 units in February 2014 to 164,508 units in February 2015.
     Scooters sales of the Company grew by 35% increasing from 41,990 units in February 2014 to 56,750 units in February 2015. Motorcycles sales grew by 18% increasing from 62,762 units in the month of February 2014 to 74,292 units in February 2015. Besides, three wheeler sales of the Company registered an increase of 23%, growing from 7,369 units in February 2014 to 9,056 units in February 2015
     TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India.
     TVS Motor Company is currently trading at Rs. 292.85, up by 20.90 points or 7.69% from its previous closing of Rs. 271.95 on the BSE.

Hotel Leelaventure zooms on eyeing to sell hotels in Chennai, Goa.

     Hotel Leelaventure has engaged JM Financial Institutional Securities for sale of its Chennai and Goa Hotels. In accordance with the powers delegated by the company’s board, the Assets Sale Committee, in its meeting held on March 02, 2015 has decided to commence the process for sale of its hotels in Goa and Chennai. Accordingly, an advertisement is being released inviting interested parties to submit their EOI to JM Financial.
     Hotel Leelaventure operates hotels and resorts in India. It also operates spas; and offers facilities for meetings and events, weddings, and social celebrations. The company’s portfolio includes luxury hotels and resorts primarily in Mumbai, Bangalore, Goa, Kovalam, Gurgaon, and Udaipur.
      Hotel Leela Venture is currently trading at Rs. 23.05, up by 1.50 points or 6.96% from its previous closing of Rs. 21.55 on the BSE.

Natco Pharma shines on inking nonexclusive licensing pact with Gilead Sciences.

     Natco Pharma has signed a nonexclusive licensing agreement with Gilead Sciences, to manufacture and sell generic versions of its chronic hepatitis C medicines. The medicines include sofosbuvir, ledipasvir/sofosbuvir and the investigational NS5A inhibitor GS-5816, which is being evaluated in Phase 3 clinical studies as part of a single tablet regimen that combines the compound and sofosbuvir for the treatment of all six genotypes of hepatitis C.
     This agreement allows Natco to expand access to these chronic hepatitis C medicines in 91 developing countries. Under the license, Natco can set its own price for the generic products it produces, paying a royalty on sales to Gilead to support product registrations, medical education and training, safety monitoring and other essential business activities.
     Natco Pharma was promoted as a private company to be in the business of research, developing, manufacturing and marketing of pharmaceutical substances and finished dosage forms for Indian and International markets.
     Natco Pharma is currently trading at Rs. 1410.05, up by 41.35points or 3.02% from its previous closing of Rs. 1368.70 on the BSE.

Maruti Suzuki speeds up on reporting 8.70% jump in February sales

     Maruti Suzuki India, country’s largest car maker, has registered a rise of 8.70% in its total car sales (Domestic + Export) for the month of February 2015 at 118551 units, as against 109104 units in February 2014. The company’s domestic sales rose by 8.2% in February 2015 at 107892 units, as against 99758 units in corresponding month last year.
     Of the total, the company has sold 90728 units of its passenger cars during last month, up by 7.2% as against 84595 units in February 2014. The company’s sales of vans have increased by 13.8% to 11301 units as against 9932 units in February 2014. Moreover, the company’s sales of its utility vehicles rose by 12.10% to 5863 units from 5231 units in February 2014.
     Meanwhile, the company’s exports have increased by 14.00% to 10659 units as against 9346 units in February 2014.
     Maruti Suzuki India is currently trading at Rs. 3690.00, up by 71.75 points or 1.98% from its previous closing of Rs. 3618.25 on the BSE.

Power Finance Corporation soars as its arm incorporates WOS.

     Power Finance Corporation’s (PFC) wholly owned subsidiary (WOS) - PFC Consulting has incorporated a WOS ‘South-Central East Delhi Power Transmission’ on February 18, 2015.
     PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.
      Power Finance Corporation is currently trading at Rs. 299.60, up by 6.50 points or 2.22% from its previous closing of Rs. 293.10 on the BSE.

Atul Auto shines on reporting 9.57% growth in February sales.

     Atul Auto has registered 9.57% growth in its February 2015 sales. The company has sold 3,402 units in the month against 3,105 units sold in February 2014. Total sales from April 2014 to February 2015 were 38,376 vehicles, a rise of 11.74%, as compared to 34,343 vehicles sold in the same period a year ago.
     Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.
      Atul Auto is currently trading at Rs. 587.75, up by 20.25 points or 3.57% from its previous closing of Rs. 567.50 on the BSE.

Tube Investments shines on making additional investment in TTPL

     Tube Investments of India (TIL) has made additional investment in TTPL on February 26, 2015. TI Tsubamex (TTPL) is a joint venture company with TIL and Tsubamex Company (Tsubamex), Japan
     Consequently, TTPL has become a subsidiary of the company upon the allotment of 1,75,00,000 equity shares of the face value of Rs 10 each in the share capital of TTPL. The company and Tsubamex hold 75% and 25% respectively in TTPL’s equity share capital.
     The investment of Rs 17.5 crore in TTPL by the company was approved by the company’s shareholders, through the Special Resolution passed on January 16, 2015.
     Tube Investments of India is the flagship company of the Murugappa Group with multiple businesses ranging from diversified auto-ancillary products, bicycle retailing to financial services and insurance.
     Tube Investments of India is currently trading at Rs. 368.05, up by 15.60 points or 4.43% from its previous closing of Rs. 352.45 on the BSE.

JBM Auto zooms on receiving order for 200 buses

     JBM Auto’s Bus division has received orders for 200 buses. The orders constitute buses for City, Staff, School, and Tarmac applications. The company shall start the production of the buses this month i.e. March, 2015 onwards.
     JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad.
      JBM Auto is currently trading at Rs. 233.70, up by 19.60 points or 9.15% from its previous closing of Rs. 214.10 on the BSE.

1)Ashoka Buildcon trades jubilantly on receiving LoA worth Rs 219.40 crore from MoRTH

     Ashoka Buildcon has received a Letter of Acceptance (LoA) from Ministry of Road Transport and Highways Government of India (MoRTH). The accepted project cost is Rs 219.40 crore.
     The project is for Engineering, Procurement and Construction (EPC) of Rehabilitation and Upgrading to 2 lanes / 2 lane with Paved Shoulders Configuration and Strengthening of Madhugiri-Chikkaballapura-Mulbagal Section (km 343.800 to km 483.151) of NH-234 in the state of Karnataka (Package No NHIIP-KA-234-10) for Lot-ll - km 400.330 to km 483.151 under Phase-I of National Highways Inter-connectivity Improvement Projects (NHIIP).
     Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
     Ashoka Buildcon is currently trading at Rs. 181.60, up by 16.00 points or 9.66% from its previous closing of Rs. 165.60 on the BSE.