Capitalstars Updates: Top Corporate News :- 16 Jan 2018

Top Headlines Of The Day :- 16 Jan 2018

GNFC shuts down TDI plant at Dahej; Stock slides downwards more than 7% 

BSE board approves buyback of shares upto Rs1,100 per share 

TV18 Q3 net profit down 8% at around Rs 16 cr

Network18 Media & Investments Q3 net profit at Rs 11.43 cr

ICICI Lombard Q3 PAT rises 5% to Rs 232 cr

GNFC shuts down TDI plant at Dahej; Stock slides downwards more than 7%
Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), in its filing to BSE, has informed that it had to shut down its TDI-II (Toluene Di-Isocynate) plant at Dahej due to a sudden leakage.
The leakage in TDI-II plant at Dahej was noted in the morning on January 15, 2018. The company reported that there was no property damage or any loss of life.
The management has decided to close the plant indefinitely till the root cause is analyzed, reviewed and necessary further safety measures are taken.
The current capacity of TDI-II plant is 50,000MTPA, which was operating at optimum utilization level. The plant faced a similar issue in FY15 wherein it had accounted an impairment loss of Rs330cr due to the issue of gas emission and problems in bringing the plant at effective utilization level. However, as the issues were resolved by the company, the impairment loss was reversed in FY17.

BSE board approves buyback of shares upto Rs1,100 per share
The Board of Directors of BSE Limited approved a Buyback proposal at a price not exceeding Rs1,100  from the open market. The amount of the buyback is not to exceed Rs166cr. This buyback amount is 9.99% of the company’s standalone net-worth (as on March 2017). The total cash and current investments for the company stood at Rs906.4cr at the end of FY17.
BSE is the second largest stock exchange with a market share of 17% in FY17. BSE is the leader in the Small & Medium Enterprises and Mutual fund segments with 80% and 82% market share respectively. The company also has several ongoing initiatives such as Indian International Exchange and 
Commodity Trading. Trading on the International exchange began in January 2017, whereas commodity trading is yet to begin. The company has guided that they plan to levy transaction fees on the International Exchange by FY19.

TV18 Q3 net profit down 8% at around Rs 16 cr
Media firm TV18 Broadcast today reported an 8.1 per cent decline in consolidated net profit at Rs 15.87 crore for the quarter ending December mainly due to higher tax expenses.
The company had posted a net profit of Rs 17.27 crore during the same period previous fiscal, TV18 Broadcast said in a regulatory filing.
Total income during the quarter under review grew 8.88 per cent to Rs 277.37 crore as against Rs 254.73 crore in the October-December quarter previous fiscal.

Network18 Media & Investments Q3 net profit at Rs 11.43 cr
Network18 Media & Investments today reported a consolidated net profit of Rs 11.43 crore in the third quarter ended December 31, 2017.
The company had posted a consolidated net loss of Rs 77.82 crore in the year-ago period, Network18 Media & Investments said in a BSE filing.
Total income during the quarter under review stood at Rs 439.23 crore as against Rs 353.42 crore in the same quarter previous year.

ICICI Lombard Q3 PAT rises 5% to Rs 232 cr
ICICI Lombard General Insurance today reported a 5.20 per cent increase in profit after tax (PAT) at Rs 231.76 crore for the quarter ended December 31, 2017.
A subsidiary of ICICI Bank, the general insurance firm had earned a PAT of Rs 220.30 crore in the same quarter of the previous fiscal.
Total income rose to Rs 2,019.77 crore from Rs 1,842.93 crore in the year-ago period, ICICI Lombard said in a BSE filing.

MCX Tips,  Intraday Stock Tips ,  Equity Tips  , Free Trading Tips , Sebi Regsitred Advisory Company , Capitalstars Video Gallery

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

TOP CORPORATE NEWS- 11 Mar 2016

CRISIL downgrades PSU Banks

Credit rating agency CRISIL downgraded eight PSU banks, following deterioration in their asset quality, and also revised the outlook on five of them to negative. The agency also placed the rating on Syndicate Bank on a negative watch list.The state-run banks whose ratings have been downgraded were BOI, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, IOB, Syndicate Bank and UCO Bank. Those whose outlooks have revised down were Andhra Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Punjab & Sind Bank.

Dr Reddy's ink pact with Turkey co for biosimilar drugs

DRL has announced a strategic collaboration agreement, involving 3 biosimilar products, which shall be registered and subsequently commercialised under the terms of agreement with TR-Pharm in Turkey – Long term Positive for Dr Reddy.

United Spirits plans to sell 13 residential properties

United Spirits is planning to sell 13 residential properties and mandated a leading banker to re-evaluate these assets.The transaction is expected to be completed by the second half of the next financial year. The amount raised through the sale of assets will be utilized to reduce debt on books.

Welspun Corp gains on order win for Offshore project

Welspun Corp has won an order for supply of 200K MTs pipes for an offshore project in the Middle East. With the addition of this order, current order book of the company has crossed 1136K MTs worth Rs6500 crore.

Ashok Leyland plans to cut debt and focus on core biz

Ashok Leyland has announced to wrap up 23 of its 27 joint ventures in near term so as to reduce its debt and focus on core business.The company had diversified into many non-core areas such as retail services, construction equipment, wind energy and infotronics by forming joint ventures. Most of the joint ventures are loss making.

Our Some Best Services Read it Here…

Commodity Market Tips, MCX Copper Tips, MCX Tips, Crude oil tips, Nifty Options Tips, Share Market Live, Financial Advisory Company in Indore, Stock Advisory Company in Indore

 CapitalStars Financial Research Financial Advisory Services 

www.capitalstars.com | T:+91-731-6790000,6669900

Corporate News For Today 20-Aug-2015

·         Aurobindo gets final approval for Omeprazole

Aurobindo Pharma announced that the company has received the final approval from the US Food & Drug Administration ( USFDA) to manufacture and market Omeprazole Delayed-release Capsules USP, 10mg, 20mg and 40mg. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Prilosec® Delayed-release Capsules, 10mg, 20mg and 40mg of AstraZeneca Pharmaceuticals.

·          Aurobindo receives USFDA approval for Ibandronate

Aurobindo Pharma announced that the company has received final approvals from the US Food & Drug Administration ( USFDA) to manufacture and market Ibandronate Sodium Injection, 3mg/3mL (1mg/mL).

Ibandronate Sodium Injection, 3mg/3mL (1mg/mL) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Boniva® Injection, 3mg/3mL (1mg/mL) of Hoffmann-La Roche, Inc. Ibandronate Sodium Injection is indicated for the treatment of osteoporosis in postmenopausal women.

                                                                                

·         Crude oil declines further; Brent at $47

Crude oil declined further; Brent at $47 and WTI at $ 40, new low - Positive for OMC’s , Paints, Lubricants and Tyre companies .Crude Oil ( Brent) has slipped again and is now trading below 5 year low at $ 46.92, while WTI Oil is hovering around $40. As a result the industries which use crude and its derivatives are expected to be beneficial. Positive for OMCs (HPCL, BPCL), Paint (Asian Paints) and lubricants (Castrol, Gulf oil lubricant)

·         Lupin gets USFDA nod for Fenofibrate tablets; stk jumps

Shares of Lupin surged over 8%, touching to Rs1939.9, after pharma major said it has received approval from USFDA for Fenofibrate tablets in dosages of 160 mg and 54 mg. Fenofibrate is mainly used to reduce cholesterol levels in patients at risk of cardiovascular disease. Like other fibrates, it reduces both low-density lipoprotein (LDL) and very low density lipoprotein (VLDL) levels, as well as increasing high-density lipoprotein (HDL) levels and reducing triglyceride levels.

·         Ratnamani Metals bags new order worth Rs159.40 cr

Ratnamani Metals & Tubes has announced that the Company has bagged an order for supply of coated CS pipes from Reliance Gas Pipelines amounting to Rs159.40 crores (net of taxes and duties) to be completed in current financial year.

·         Somi Conveyor Beltings receives orders worth Rs40.14 cr

Somi Conveyor Beltings said that it has received purchase orders worth Rs40.137 crore from BHEL, L&T and ThyssenKrupp Industries. The company will supply conveyor belts and related material of various specifications, it said. The company has bagged order worth Rs14.751 crore from Bharat Heavy Electricals ( BHEL). The order worth Rs14.164 crore was received from Larsen & Tourbo ( L&T), it said.

In addition, ThyssenKrupp Industries India issued order worth Rs 11.222 million to the company.

                                                                                                   

·         JSW Steel to invest Rs5000 cr on capital expenditure

JSW Steel has said that it is planning to invest about Rs5,000 crore on various capital expenditure projects in this fiscal ending March 2016, as per reports.  Commenting on the issue, JSW Steel Chairman and Managing Director Sajjan Jindal told the media, 'The company is expected to invest approximately Rs 5,000 crore during FY16 on various capital expenditure programmes.'

                                                    

·         Sun Pharma gets USFDA approval for Ximino

Sun Pharma gets USFDA approval for Ximino: Positive for the company .Sun Pharma gets US FDA approval for Supplemental New Drug Application (sNDA) for Ximino. This approval further strengthens the Company’s branded dermatology portfolio in the US. It expects Ximino TM extended-release capsules to be available for patients during the fourth quarter of 2015.

Opening Bell 18-Aug 2015

CS OPENING BELL:

NIFTY SPOT UP 31@8511

SENSEX UP 125@28009

BANK NIFTY FUTURES  UP 12@18855

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000

CS NIFTY FUTURES (AUG) OVERVIEW

TREND MIXED TO BULLISH

RES2:8595

RES 1:8555     

SUP1:8455

SUP2:8415

-------------------------------------------------

CS BANK NIFTY FUTURES (AUGUST) OVERVIEW

TREND MIXED TO BULLISH

RES 2:19120

RES 1:19025

SUP1:18600

SUP2:18525

Closing Bell 14-Aug

CS CLOSING BELL:
NIFTY SPOT UP 162@8517
SENSEX UP 517@28067
BANK NIFTY FUTURES UP 555@18798
HAVE A NICE DAY!

WWW.CAPITALSTARS.COM 

+917316790000

 

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
PNB	166.55	7466.88		152.85	8.96	13.70
Zee Entertainment	419.80	1566.79		400.80	4.74	19.00
Yes Bank	796.35	3511.85		762.15	4.49	34.20
Bank Of Baroda	184.30	13353.98		176.75	4.27	7.55
Vedanta	107.60	10809.60		103.40	4.06	4.20

DAILY NIFTY TOP LAGGARDS                                                                                      

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
BPCL	873.70	2252.24	885.25	-1.30	-11.55
Infosys	1148.00	2330.52	1158.00	-0.86	-10.00
Dr. Reddys Lab	4257.80	251.72	4291.75	-0.79	-33.95

Opening Bell: 14-Aug

CS OPENING BELL:
NIFTY SPOT UP 35@8390
SENSEX UP 127@27675
BANK NIFTY FUTURES UP 65@18307
HAPPY TRADING

WWW.CAPITALSTARS.COM
+917316790000

==================================

CS NIFTY FUTURES (AUG) OVERVIEW

TREND MIXED TO BULLISH

RES2:8495

RES 1:8465     

SUP1:8325

SUP2:8275

================================

  

CS BANK NIFTY FUTURES (AUGUST) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18515

RES 1:18425

SUP1:18075

SUP2:17985

Closing Bell 11-aug

CS CLOSING BELL:
NIFTY SPOT DOWN 62@8462
SENSEX DOWN 235@27866
BANK NIFTY FUTURES DOWN 259@18700
HAVE A NICE DAY!

WWW.CAPITALSTARS.COM
+917316790000

 

DAILY NIFTY SMART MOVERS

  

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Bosch	26640.00	69.83		26027.35	2.35	612.6
Infosys	1111.00	3475.43		1086.00	2.30	25.00
Tech Mahindra	540.05	1288.61		530.95	1.71	9.10
Zee Entertainment	415.90	895.15		409.60	1.54	6.30
TCS	2606.60	1039.39		2572.10	1.34	34.50

DAILY NIFTY TOP LAGGARDS

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Tata Steel	247.50	8464.09	261.15	-5.23	-13.65
SBI	268.95	38366.45	282.75	-4.88	-13.80
Tata Motors	368.35	9451.21	385.70	-4.50	-17.35
Hindalco	103.10	4656.41	107.80	-4.36	-4.70
Coal India	392.05	8236.70	407.95	-3.90	-15.90

Opening Bell 06-Aug-2015

CS NIFTY FUTURES (AUG)  OVERVIEW:

TREND MIXED TO BULLISH

RES2:8670

RES 1:8630

SUP1:8525

SUP2:8475

--------------------------------------

CS BANK NIFTY FUTURES (AUGUST ) OVERVIEW:

TREND MIXED TO BULLISH

RES 2:19275

RES 1:19205

SUP1:18915

SUP2:18855

---------------------------------------

CS OPENING BELL:

NIFTY SPOT UP 1@8567

SENSEX UP 20@28242

BANK NIFTY FUTURES DOWN 47@18967

HAPPY TRADING

WWW.CAPITALSTARS.COM 

+917316790000