Results Calendar:

DEWAN HOUSING FINANCE CORPORATION LTD, BIOCON LTD, AXIS BANK LTD, APTECH LTD, AMBUJA CEMENTS LTD, ALSTOM India Ltd, KESORAM INDUSTRIES LTD, LAKSHMI VILAS BANK LTD, MAN INDUSTRIES (INDIA) LTD, PNB GILTS LTD, RAYMOND LTD, KAJARIA CERAMICS LTD, HEXAWARE TECHNOLOGIES LTD, HOUSING DEVELOPMENT FINANCE CORP.LTD, GATEWAY DISTRIPARKS LTD, FEDERAL BANK LTD, DEWAN HOUSING FINANCE CORPORATION LTD, RPG LIFE SCIENCES LTD, SANOFI INDIA LTD , SHANTHI GEARS LTD, SHREE CEMENT LTD, SESA STERLITE LTD, TATA METALIKS LTD, TINPLATE COMPANY OF INDIA LTD, TVS MOTOR COMPANY LTD, WELSPUN INDIA LTD, 

Pondy Oxides spurts on commencing trial operations at new smelter plant in AP.

     Chennai-based Pondy Oxides and Chemicals has commenced trial operations at its new smelter plant in Andhra Pradesh (AP) for manufacturing lead and lead alloys. The new plant has an installed capacity of 36,000 mt per annum. The new smelter plant would meet the additional market demand, both domestic and international, and was part of its continued efforts to keep abreast with the growing demand of its customers and emerging new markets.
     Pondy Oxides manufactures lead and lead alloys and PVC additives for supply to battery makers, chemical manufacturers and PVC makers. About 50 per cent of its production is exported to customers in South Korea, Japan, Indonesia and to West Asia, along with other countries.
     Pondy Oxides & Chemicals is currently trading at Rs. 54.95, up by 2.15 points or 4.07 % from its previous closing of Rs. 52.80 on the BSE.

Sterling Holiday Resorts slumps as Rakesh Jhunjhunwala sells most of its stake.

     Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and vacation ownership company Sterling Holiday Resorts (India), for a cumulative trade price of Rs 67.21 crore. The investor sold 24,35,500 equity shares in the company for a trade price of Rs 276 per share, through bulk deals in Bombay Stock Exchange. Jhunjhunwala had 31,30,000 equity shares, which is 3.48 per cent of the total shares in the company.
     Moreover, ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.
     Sterling Holiday Resorts is in the business of developing and running holiday resorts, hotel, restaurants etc. It has holiday resorts at various cities including Kodaikanal, Goa, Manali, Munnar, Puri, Darjeeling, Lonavala, Gangtok etc.
     Sterling Holiday Resorts (India) is currently trading at Rs. 241.00, down by 29.20 points or 10.81% from its previous closing of Rs. 270.20 on the BSE.

Bharti Infratel gains post reporting Q4 numbers

     Bharti Infratel has reported results for fourth quarter and year ended March 31, 2015.
     The company has posted a rise of 163.07% in its net profit at Rs 717.4 crore for the quarter ended March 31, 2015 as compared to Rs 272.7 crore for the same quarter in the previous year. Total income of the company has increased by 34.57% at Rs 1876 crore for quarter under review as compared to Rs 1394.1 crore for the quarter ended March 31, 2014.
     On consolidated basis, the company has reported 18.01% rise in its net profit at Rs 557.5 crore for the quarter ended 31 March 2015 as compared to Rs 472.4% crore for the same quarter in the previous year. Total income of the company has soared by 6.21% at Rs 3116.5% crore for quarter under review as compared to Rs 2934.4 crore for the quarter ended March 31, 2014.
     For the year ended March 31, 2015, the company has posted a rise of 150.04% in its net profit at Rs 2725.2 crore as compared to Rs 1089.9 crore for the same period in the previous year. Total income of company has surged by 33.54% at Rs 7384.3 crore for year under review as compared to Rs 5529.5 crore for the period ended March 31, 2014.
     Bharti Infratel is currently trading at Rs. 393.05, up by 19.90 points or 5.33 % from its previous closing of Rs. 373.15 on the BSE.

Results Calendar

27 April :

ICICI Bank , JSW Energy LTD, Maruti Suzuki India LTD, Granules India LTD, HIL LTD, Bharti Infratel LTD, Alembic Pharmaceuticals LTD, Kirloskar Brothers LTD, Swaraj Engines LTD, UPL LTD, 

SREI Infra gains on co-promoted co’s plans of raising upto Rs 500 crore via NCDs.

     Srei Equipment Finance, jointly promoted by Srei Infrastructure Finance and BNP Paribas Lease Group, is planning to raise up to Rs 500 crore by issuing non-convertible debentures (NCDs). The company is proposing a public issue of secured, redeemable NCDs of face value of Rs 1,000 each amounting up to Rs 250 crore, with an option to retain over-subscription aggregating up to Rs 500 crore.
     The money raised through the issue will be used to fund the company’s growth plans for infrastructure equipment financing.
     Srei Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
     SREI Infrastructure Finance is currently trading at Rs. 46.00, up by 0.20 points or 0.44 % from its previous closing of Rs. 45.80 on the BSE.

Astra Microwave trades jubilantly on incorporating WOS in Singapore.

     Astra Microwave Products has incorporated a wholly owned subsidiary (WOS) company in the name of ‘Aelius Semiconductors’, Singapore with effect from April 08, 2015 to carry on the business in the areas of high end microwave integrated chip business and related areas.
     Astra Microwave Products is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems that are used in areas of defence, space and civil communication systems.
     Astra Microwave Products is currently trading at Rs. 156.60, up by 10.25 points or 7.00% from its previous closing of Rs. 146.35 on the BSE.

Rane Engine Valve gains on selling part of its land in Chennai.

     Rane Engine Valve has sold the land admeasuring 2 acres and 03.86 cents comprised in the remaining portion of 2 acres and 68.42 cents located at Alandur, Chennai in state of owned by the company by way of a deed of absolute sale dated April 08, 2015. The total consideration received for this sale of land is at market value of Rs 27.75 crore.
     Rane Engine Valve has been incorporated to manufacture valves and valve train components for various engine applications. It has latest manufacturing practices to keep abreast of technological advancements caters to every section of the auto industry through four manufacturing plants.
     Rane Engine Valve is currently trading at Rs. 578.75, up by 18.75 points or 3.35% from its previous closing of Rs. 560.00 on the BSE.

Man Infraconstruction surges on bagging order worth Rs 105 crore

     Man Infraconstruction has bagged order worth Rs 105 crore from Gujarat Pipavav Port for executing Civil Construction Works for port infrastructure at Port Pipavav, Gujarat.
     Port Pipavav is managed and operated by APM Terminals, the ports and terminals company of the maritime giant, the A.P. Moller-Maersk Group. APM Terminals is one of the largest container terminal operators in the world.
     Man Infraconstruction is a construction company with over 5 decades of experience in providing construction services for Port infrastructure, Residential, Industrial, Commercial and Road infrastructure Projects.
     Man InfraConstruction is currently trading at Rs. 43.20, up by 0.05 points or 0.12% from its previous closing of Rs. 43.15 on the BSE.

Dr. Reddy’s Lab surges on plan to acquire select portfolio of UCB.

      Dr Reddy’s Laboratories has entered into a definitive agreement to acquire a select portfolio of the established products business of UCB, in the territories of India, Nepal, Sri Lanka and Maldives. The acquired business is being sold on a slump sale basis. The transaction includes around 350 employees engaged in operations of the India Business.
     The revenue of the acquired business is around Rs 150 crore for calendar year 2014. The acquisition of UCB’s existing brand equity in the areas of Dermatology, Respiratory and Pediatrics diseases will further expand Dr Reddy’s therapy footprint into these fast growing areas.
     Dr. Reddy’s is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.
      Dr. Reddys Laboratories is currently trade  at Rs. 3545.00, up by 57.55 points or 1.65% from its previous closing of Rs. 3487.45 on the BSE.

NHPC gains on inking MOU with Ministry of Power for FY16

     NHPC, in compliance with Guidelines issued by Department of Public Enterprises (DPE), has signed an Memorandum of Understanding (MOU) dated with Ministry of Power, Government of India for the year 2015-16. The highlights of the signed MoU inter-alia includes generation target under excellent rating as 22000 MU as against last year target of 21800 MU. Target of gross sales of Rs 5439 crore and gross margin of Rs 4079.42 crore has been fixed for excellent rating.
     NHPC is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.
     NHPC stock price is at Rs. 20.00, up by 0.10 points or 0.50% from its previous closing of Rs. 19.90 on the BSE.

HDFC Bank strengthens on raising Rs 3,000 crore through private placement basis.

     HDFC Bank has issued and allotted on a private placement basis Senior, Unsecured, Redeemable, Long Term, Non-Convertible Bonds in the nature of Debentures for Rs 3,000 crore.
     HDFC Bank is one of India’s premier banks providing a wide range of financial products and services. The bank offers all services under one roof right from savings account, current account, demat account, auto loans and agriculture loans.
     HDFC Bank is currently trade at Rs. 1033.85, up by 11.00 points or 1.08 % from its previous closing of Rs. 1022.85 on the BSE.

     Tata Steel has divested its entire stake in Lanka Special Steels (LSSL) to E.B. Creasy & Company PLC (EBCC) for a total consideration of LKR 433 million amounting around Rs 20.4 crore in an all cash deal.
     LSSL was a wholly owned subsidiary of Tata Steel incorporated in Sri Lanka. It is engaged in the business of manufacturing and supplying hot dip galvanized wire and nail wire with an installed capacity of 14,400 metric tonnes per annum. It had an annual turnover of LKR 1,569 million amounting to Rs 74 crore in FY 14.
     Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
     The current price of stock is 324.00 , up by 7.15 points or  2.26% from its previous closing of Rs 316.85 on the BSE

Atul Auto reported March sales numbers.

      Atul Auto has registered 0.25% growth in its March 2015 sales. The company has sold 3,222 units in the month against 3,214 units sold in March 2014. Total sales from April 2014 to March 2015 were 41,598 vehicles, a rise of 10.76%, as compared to 37,557 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.
     Stock price is 566.00 up by 10.50  points or 1.89% from its previous closing of Rs. 555.50 on the BSE.