Results Today

          AIA Engineering Ltd, Anant Raj Ltd, Automotive Axles Ltd, Bandhan Bank, Coromandel International Ltd, Cadila Healthcare Ltd, BF Utilities Ltd, Dwarikesh Sugar Industries Ltd,  Escorts Ltd, City Union Bank Ltd, HDFC, KEI Industries Ltd, NTPC, Narayana Hrudayalaya Ltd, Ludlow Jute & specialities Ltd, Oracle Financial services software Ltd, Onmobile Global Ltd, Pfizer Ltd, PNB, PNC Infratech Ltd, The Ramco Cements Ltd, Shilpa Medicare Ltd, Shriram City Union Finance Ltd, Taj GVK Hotel, Tata Invesment Ltd, TCI Developers Ltd, Thangamayil Jewellery Ltd, Trivent Turbine Ltd, Wockhardt Ltd, Zydus Wellness Ltd, whirlpool of India Ltd, Zee Entertainment Enterprises Ltd.

 

 

 

 

 

 

 

 

 

Today Stocks in the News

         

         Indusind Bank, ICICI Bank, Just Dial Ltd, DLF, Axis Bank, Jindal Stainless Ltd, Grasim Ltd, Escorts Ltd, Aarti Industries Ltd, Rain Industries Ltd, UPL Ltd are also among the stocks in radar today.

 

Results Today

      

            LT Foods Ltd, Deepak Nitrite Ltd, Dixon Technology India Ltd, Dhanuka Agritech Ltd, DLF Ltd, Edelweiss Financial Services Ltd, IFB Industries Ltd, Intellect Design Arena Ltd, Jay Bharat Maruti Ltd, Jindal Steel & Power Ltd, Jindal Stainless Ltd, Just Dial Ltd, Kirloskar Oil Engines Ltd, Mahindra Logistics Ltd, Mahindra Lifespace Developers Ltd, Max Financial Services Ltd, Motilal Oswal financial Services Ltd, Nucleus Software Exports Ltd, Pioneer Distilleries Ltd, Quess Corp Ltd, Rain Industries Ltd, RPG Life sciences Ltd, Reliance Industries Ltd, Suven Pharmaceuticals Ltd, Vakrangee Ltd, Zee Media, UPL Ltd.

Quarter Results

•         Apcotex Industries LTD, APL Apollo Tubes LTD, Aptech LTD, AUBANK, Axis Bank, Balaji Amines LTD, Blue Star Ltd, Can Fin Homes LDT, Carborundum UniverSal LTD, Century Enka LTD, CG Power, Cummins India LTD, DR REDDY, FSL, GLAXO , Heritage Food LTD, Hero Motocorp LTD, HSIL, ISEC, IIFLWAM, Kopran LTD, Larsen & Toubro LTD, Marico LTD, Max India LTD ,MCX, MOIL, Navin Fluorine LTD, Piramal Enterprises LTD, PI Industries LTD, PNB Housing, Radico khaitan LTD, RBL Bank, Route Mobile LTD, SAREGAMA India LTD, Snowman Logistics LTD, Supreme Industries LTD, Tata Coffee LTD, Texmo Pipes & products LTD, Thyrocare Technologies LTD, Titan LTD, VGUARD Industries.

 Rolta India   : S&P downgrades long term rating to B+ from BB- 

Indoco Remedies   gets establishment inspection report from US FDA for solid dosages manufacturing unit at Goa.
NTPC   commissions unit-I of 250 MW Nabinagar thermal power station.
SBI   - stake sale of GE’s stake in SBI Cards hits a roadblock: FE 
Borosil Glass Works   invests Rs 22 crore via optionally convertible redeemable preference shares in Hopewell Tableware.
Allcargo Logistics   to raise Rs 300 crore by issue of permitted securities.
Canara Bank   board Approves fund raising worth Rs 3,000 crore.
Coffee Day Enterprises   board approves issue of Rs 265 crore worth NCDs.
JMC Projects   secures new orders worth over Rs 930 crore.
Urja Global   signs MoU with Malbro group, Africa.
Rollatainers   sells carbon manufacturing division to subsidiary on a slump sale basis.
HT Media   launches 91.9 Radio Nasha.

Stocks in News

Jet Airways: 

     The airliner indicated that it was more interested in stitching partnerships with other international carriers though codeshare pacts than joining any of the three global clubs and said its new European gateway Amsterdam offers stronger proposition over Brussels.

M&M Ltd: 

     Powetrain division of Mahindra Group launched a new range of 125kVA diesel generators and is eyeing to touch USD 1 billion (about  Rs 6,600 crore) in revenues over the next six years.

Coal India Ltd: 

     Coal India workmen, on Monday, deferred the token one day strike on March 29th following fruitfull discussions with the Coal Minister and the management.

NTPC Ltd: 

     State-run power major NTPC said its installed capacity has increased to 45,798 MW after commissioning of a 250 MW unit-l of its arm at Nabinagar

Infibeam's Rs 450 cr IPO subscribed 21% on Day 1

     Infibeam Incorporation Ltd, the first e-commerce firm to tap the IPO route, saw its RS 450 -crore issur getting subscribed 21% on the opening day today. The issue recived the bids for Rs 26,44,792 shares as against the total issue size of Rs 1,25,00,000 shares, as per NSE's data till 1700 hrs.
     The company has fixed the price band at Rs 360-432 per equity share for the initial public offer(IPO). The initial share-sale programme will conclude on March 23.
     Infibeam competes with Flipkart, Amazon and Snapdeal, among other in the e-commerce space.
     Started in 2007, Infibeam runs several e-commerce services like Infibeam.com, BuildaBazaar, Incept and Picsquare.
     The company has proposed to lists its shares on NSE and BSE. The issue is being managed by SBI Capital Markets and Elara Capital India

Stocks in news

Chambal Fertilisers: awards contract worth USD 179.5 million to Toyo Engg

Mahindra Holidays: acquires ‘Saimaa Gardens Arena Oy' in Finland. 

MMTC:  divests 10 percent equity stake in JV Indian Commodity Exchange for Rs 20 crore.

Stocks in News

Hathway Cable LTD :

     The Reserve Bank today said it has removed Hathway Cable Datacom from its caution list and foreign investors can now buy more shares in the company.

Sterling Holiday Resort Ltd: 

     Leading stock exchange BSE today said trading in Sterling Holiday Resort would be discontinued from August 31 on account of the company's merger with integrated travel firm Thomas Cook India Ltd

Sagar Cements Ltd: 

     IL&FS Financial Services has acquired 17.25 per cent stake in Sagar Cementsfollowing acquisition of 30 lakh pledged shares of the cement company.

Bharti Airtel Ltd:

      Bharti Airtel acquired wireless broadband firm Augere's India operations on Wednesday, a move that will help Airtel to augment its 4G presence.

Sensex up 200 points

Results Calendar

     Siemens Ltd, Bata India Ltd, Emami Ltd, Marico, Canara Bank, Shree Cement Ltd, Tata Chemicals, Indraparstha Gas Ltd, PTC India, Ramco Systems, Snowman Logistics, Accelya Kale, Ashapura Minechem, Automotive Axles, Bombay Burmah, Brigade Enterprises, Camlin Fine Sciences, Deepak Fertilizers, FDC, ITD Cementation, JB Chemicals, Jindal Drilling, Kalyani Forge, Maharashtra Seamless, Manali Petrochemicals, Nahar Spinning Mills, Nandan Denim, NDTV, Orient Paper, Pricol, Prism Cement, Ramco Industries, Sonata Software, Ramco Cements, Tree House, UFLEX, Vardhman Textiles, Insecticides (India)

Sundaram Clayton surges on receiving approval to invest $ 8 million in die-casting facility.

     Sundaram Clayton has received an approval for an investment of a sum not exceeding $ 8 million in tranches in a die-casting facility proposed to be established in United States (US) for the catering to the needs of overseas customers. The board of directors at their meeting held on August 04, 2015 have approved for the same.
     The investments to be subject to such permission/consents under Indian and US Laws and subject to a detailed project Report submission for evaluation in the next board meeting.
     Sundaram Clayton is one of the largest suppliers of aluminum die castings in the country. The company exports its products to international Original Equipment  manufacturers.
     Sundaram Clayton is currently trading  at Rs. 2191, up by 208 points or 10.49% from its previous closing of Rs. 1983.00 on the BSE.

IOL Chemicals shines on plan to launch API business to US market

     IOL Chemicals and Pharmaceuticals (IOLCP) has received from US Food and Drug Administration (USFDA), Establishment Inspection Report after successful inspection of its Ibuprofen manufacturing facility situated at Barnala, Punjab, India.
     Post this approval, the company will be able to garner additional business for its flagship API Ibuprofen in World's largest pharma market-USA. This will result into higher value added export turnover and higher margins.
     The company’s manufacturing facility already holds CEP certification (Certificate of Suitability) for its products Ibuprofen, Metformin Hydrochloride & Lamotrigine from European Directorate for the Quality of Medicines & HealthCare (EDQM) authorities, Council of Europe, France. The said facility at Barnala has also been approved by ANVISA Brazil, WHO & MOH Japan.
     These approvals will help the company to build and sustaining the growth by its API business in coming years, being the only integrated player globally, by exploring the higher value added regulated markets.
     IOL Chemicals & Pharmaceuticals is currently trading at Rs 108.00, up by 15.20 points or 16.38% from its previous closing of Rs 92.80 on the BSE.

Ahluwalia Contracts shines on securing new orders worth Rs. 317.65 crore

     Ahluwalia contracts has secured new orders aggregating to Rs. 317.65 crore for construction of institutions/Residential Building, including Electrical, Plumbing & Firefighting services.
     New orders worth of Rs. 219.52 crore for construction of IIITD campus, worth Rs. 49.83 crore for construction of Hiland Green residential building of Riverbnk Developers, worth Rs. 48.30 crore for construction of Diplomatic staff housing for Royal Danish Embassy.
     In addition, the company is currently L1 in project valued approximately Rs. 412.00 crore & the project bidded under pipeline are Rs. 2200.00 crore. The total order inflow during the FY 2015-2015 stands at Rs. 994.01 crores and the company’s current order book is Rs. 4100.00 crore approximately.
     Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.
     Ahluwalia Contracts (India) is currently trading at Rs. 241.60, up by 5.80 points or 2.46% from its previous closing of Rs. 235.80 on the BSE.

TTML trades higher on the bourses

     Tata Teleservices’ mobility and business services brand - Tata Docomo, has unveiled new exciting roaming plans for its post-paid and pre-paid customers across all circles.  This new range of products will allow customers to stay connected endlessly on the company's superior network across the country.
     These plans are available in range of Rs 49 to Rs 225 for post-paid customers and Rs 76 & Rs 91 for Pre- paid customers, offering reduced local and outgoing STD call rates and unlimited free incoming calls. Being a customer centric brand, Tata Docomo has been consistently launching innovatively designed personalized products and services especially for the younger generation, as Millennials has been recognized as the prime divers of growth in both voice and data.
    Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
     Tata Teleservices (Maharashtra) (TTML) is currently trading at Rs. 8.46, up by 1.41 points or 20.00% from its previous closing of Rs. 7.05 on the BSE.

Orient Green Power soars on getting nod to divest stake in Gayatri Green Power.

     Orient Green Power Company has received approval to divest not less than 26% of the equity shares held in the wholly owned subsidiary namely Gayatri Green Power. The Investment & Borrowing Committee of the board has approved for the same.
     The above said disinvestment is necessitated due to the decision taken to shift to Group Captive Model by the subsidiary which entails participation of not less than 26% of the shareholding in that subsidiary by the Group Captive consumers of power.
     Orient Green Power Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The Company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.
     Orient Green Power Company is currently trading at Rs.14.95, up by 0.76 points from its previous closing of Rs 14.19 on the BSE.

KEC International shines on bagging orders worth Rs 622 crore.

     KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured new order worth Rs 622 crore in its Transmission & Distribution and cables businesses. Under Transmission & Distribution Businesses, the company has secured order in India, Kenya and the Americas amounting to Rs 510 crore.
     It has secured two orders of Rs 126 crore from PGCIL for supply and construction of Transmission Lines in Northern India while on international front it has secured an order of Rs. 303 crore for the construction of HVDC   Transmission Lines in Kenya. In addition, it secured order of Rs. 81 crore for supply of lattice towers, monopoles & hardware  in the Americas.
     Under Cables business, it has secured order of Rs. 112 crore for the supply of Power and Telecom Cables.
     KEC International is currently trading at Rs 139.00, up by 5.35 points from its previous closing of Rs. 133.65 on the BSE.

Stocks in News

GE Shipping Ltd:

     Country's largest private shipping company Great Eastern shipping said its arm has incorporated a new wholly-owned subsidiary Greatship Oilfield Services Ltd.

Mangalore Refinery and Petrochemicals Ltd:

     MRPL said it will take over a USD 1 billion petrochemicals plant adjacent to its refinery in Karnataka in an all share deal.

Cipla Ltd:

     Drug maker Cipla Ltd will move its consumer healthcare business into a separate unite to sharpen its focus on the segment and boost sales, Cipla approved the divestment of its consumer healthcare business to a wholly owned subsidiary for a consideration of Rs. 10.5 crore.