TOP CORPORATE NEWS- 18 May 2016

Tata Comm surges on plans to divest 75% stake in ST Telemedia

Shares of Tata Communication surged around 6% to Rs 456 on NSE in an otherwise weak markets on back of plans to divest 75% of its stake in its data business to Singapore Technologies Telemedia (ST Telemedia), and the proceeds from the deal would be used to deleverage the balance sheet.This is positive read through for Tata Communication.

Ashok Leyland gets patent for light weight composite articles

Ashok Leyland gets patent for light weight composite articles for auto industry.Ashok Leyland Ltd has received patent for an invention related to lightweight composite articles suitable for making structures for use in automobile industry, aerospace industry and for domestic panels.

The invention relates to light weight composite article which consists of at least two layers of adhesively bonded light weight fibres which may be filaments selected from jute, cotton, coir and the like.

SBI plans to merge five subsidiary banks with itself

SBI is looking to merge five subsidiary banks with itself – Positive read through, though integration and higher employees cost remain a challenge.SBI has passed a resolution to seek Govt. approval to merge five subsidiary banks and the still born Bharat Mahila Bank with itself.The benefits to the move will see the Consol balance sheet size increase by 32%, see better reach with (possible) branch re-alignment and rationalization as well as shoring up of Capital for the parent.

JSW Steel Q4 beats estimates

JSW Steel Ltd has announced the following results for the quarter & year ended March 31, 2016:

Standalone

For the Quarter ended March 31, 2016

The Company has posted a net profit of Rs372.19 crore Vs Rs188.73 crore.Total Income decreased to Rs9560.51 crore Vs Rs11143.46 crore.

Indusind Bank inks MoU with Honda Motorcycle & Scooter

Private-sector lender, Indusind Bank said that it has inked a Memorandum of Understanding (MoU) with Honda Motorcycle & Scooter India whereby the bank will be offering retail finance at an attractive rate of interest to customers on all Honda 2-wheeler models.With this MoU coming into effect from May 18, 2016, Honda’s customers can not only buy a Honda two- wheeler at an attractive rate of interest, but can reap benefits up to Rs7,500 through this retail finance scheme.

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

Axis Bank allots 2,23,985 equity shares

Axis Bank allots 2,23,985 equity shares

Private-sector lender, Axis Bank said that it has allotted 2, 23,985 equity shares pursuant to exercise of options under its ESOP Scheme. The Bank has allotted 2, 23,985 equity shares of Rs2 each on May 16, 2016, pursuant to exercise of options under its ESOP Scheme. Consequent to the allotment, the paid up share capital of the Bank will increase from Rs477,09,27,186 (238,54,63,593 equity shares of Rs2 each) to Rs477,13,75,156 (238,56,87,578 equity shares of Rs2 each).  Shares of the Bank were trading at Rs503.40 apiece, up 3.49% from the previous close on BSE.

Voltas Q4 consolidated net profit up 49% (YoY)

M&M Voltas Ltd has announced the following results for the quarter & year ended March 31, 2016:For the Quarter ended March 31, 2016. Net Profit surged by 55.90% to Rs137.84 crore Vs Rs88.41 crore (YoY). Total Income increased by 6.23% to Rs1633.75 crore Vs Rs1537.93 crore (YoY).For the Year ended March 31, 2016 Net profit rose by 1.11% to Rs332.89 crore Vs Rs329.23 crore. Total Income increased by 0.64% to Rs5352.57 crore Vs Rs5318.06 crore.

Sun TV rallies as exit polls suggest DMK-Congress set to win

Shares of Sun TV gained 10% to Rs432 on NSE on the back of Recent exit poll results, the DMK-Congress coalition is set to win 120 seats of a possible 234 seats, according to the poll of polls - an aggregate of exit polls aired on different channels after voting ended for state elections. Chief Minister Jayalalithaa could end up with 103 seats, sentimentally positive for Sun TV.

Motherson Sumi Q4 consolidated net profit up 22%

Motherson Sumi Systems Ltd has announced the following results for the quarter & year ended March 31, 2016: For the Quarter ended March 31, 2016 (Unaudited) Net Profit rose by 61.11% to Rs235.45 crore Vs Rs146.14 (YoY). Total Income increased by 15.90% to Rs1488.98 crore Vs Rs1284.61 (YoY).For the Year ended March 31, 2016 (Audited) Net Profit rose by 38.25% to Rs711.85 crore Vs Rs514.88 crore.

Bharat Forge Q4FY2016 results: Below estimates

Bharat Forge Q4FY2016 results: Below estimates given the continued weakness in export markets and adverse product mix. Bharat Forge Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:For the Quarter ended March 31, 2016 Net Profit fell by 19.02% to Rs164.52 crore Vs Rs203.18 crore. Total Income decreased by 17.15% to Rs1030.51 crore Vs Rs1243.92 crore.

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

TOP CORPORATE NEWS- 16 May 2016

April WPI Positive after 17 months of decline

India’s wholesale prices was in positive after 17 consecutive months of shrinking, with the Wholesale Price Index (WPI)-based inflation rising at 0.34% in April as compared to -0.85% in the previous month of March. April WPI Inflation at 0.34% Vs -0.85% (MoM) Primary Articles Inflation at 2.34% Vs 2.13% (MoM) Food Articles Inflation at 4.23% Vs 3.73% (MoM) Vegetable Inflation at 2.21% Vs -2.26% (MoM) Pulses Inflation at 36.36% Vs 34.45% (MoM) Cereals Inflation at 2.64% Vs 2.47% (MoM) Fruits Inflation at -2.38% Vs -2.13% (MoM) Egg, Meat & Fish Inflation at 3.34% Vs 3.69% (MoM) Fuel Inflation at -4.83% Vs -8.3% (MoM) Manufactured Products Inflation at 0.71% Vs -0.13% (MoM) Primary Articles Index up 2.1% (MoM) Food Articles Index up 2% (MoM) Non-food Articles Index up 3% (MoM) All Commodities Index up 1.4% (MoM) Minerals Group Index up 0.6% (MoM) Fuel & Power Index up 1.7% (MoM). Manufactured Products Index up 0.8% (MoM). Food Products Index up 3.2% (MoM). Food Articles Inflation at 4.23% Vs 3.73% (MoM). Feb WPI Inflation Revised to -0.85% from -0.91%.

M&M enters Liquid Milk business in MP

M&M recently launched 'Saboro' brand liquid milk ouches in Madhya Pradesh to mark its entry in the sector. The company has a plan to expand its milk business and other dairy products on to other parts of the country as well, but in a phased manner. The road ahead would hinge on creating a large sourcing base and providing extraordinary quality. Currently the operations are based at Indore and in the coming years will expand to other locations. Further the management has mentioned that investments will depend on the arising opportunity and decisions will be taken on case to case..

Zee learn rallies post Q4FY16 results

Zee learn surged 19% to Rs33.05 on NSE after hitting an upper circuit, Of Rs33.50 post Q4FY16 results. Zee learn reported revenue growth of 18% YoY at Rs151.3 crore compared to Rs127.8 crore in Q3FY15. OPM for the quarter increased to 29% from 24% in Q3FY15. For Q4FY16

Strides Shasun Q4 consolidated net profit at Rs96 cr

Strides Shasun Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:

For the Quarter ended March 31, 2016 (YoY). The Company has posted a net profit of Rs59.63 crore Vs Rs69.66 crore. Total Income at Rs680.95 crore Vs Rs290.11 crore .For the Year ended March 31, 2016 The Company has posted a net profit of Rs161.06 crore VS Rs532.32 crore. Total Income is Rs2345.22 crore Vs Rs1029.59 crore.

Reliance Defence reports Rs102 cr net profit in Q4

Reliance Defence and Engineering Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:The Company has posted a net profit of Rs102.44 crore Vs net loss of Rs158.28 crore (YoY). Total Income increased to Rs115.31 crore Vs Rs56.15 crore. For the Year ended March 31, 2016 (Audited).

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

TOP CORPORATE NEWS- 13 May 2016

March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%

March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%

Manufacturing Sector Output At -1.2% Vs 0.7% (MoM)

Mining Sector Output At -0.1% Vs 5% (MoM)

Electricity Sector Output At 11.3% Vs 9.6% (MoM)

Basic Goods Output At 4% Vs 5.4% (MoM)

Capital Goods Output At -15.4% Vs -9.8% (MoM)

Intermediate Goods Output At 3.7% Vs 5.7% (MoM)

Consumer Goods Output At 0.4% Vs 0.8% (MoM)

Consumer Durables Output At 8.7% Vs 9.7% (MoM)

Consumer Non-durables Output At -4.4% Vs -4.2% (MoM)

April CPI Inflation At 5.39% Vs 4.83% (MoM)

Food Inflation At 6.32% Vs 5.21% (MoM)

Rural Inflation At 6.09% Vs 5.7% (MoM)

Urban Inflation At 4.68% Vs 3.95% (MoM)

Vegetable Price Inflation At 4.82% Vs 0.54% (MoM)

Combined Fuel & Light Inflation At 3.03% Vs 3.38% (MoM)

Clothing, Footwear Inflation At 5.56% Vs 5.50% (MoM)

Cereals & Products Inflation At 2.43% Vs 2.43% (MoM)

Milk & Products Inflation At 3.32% Vs 3.33% (MoM)

Pulses & Products Price Inflation At 34.13% Vs 34.15% (MoM)

Urban Consumer Housing Inflation At 5.37% Vs 5.31% (MoM)

Glenmark Pharma Q4 net profit at Rs508 cr (YoY)

Glenmark Pharmaceuticals Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:

Standalone

For the Quarter ended March 31, 2016

The Company has posted a net profit of Rs507.75 crore Vs Rs670.43 crore.

Total Income decreased to Rs1972.67 crore Vs Rs3157.79 crore.

Eicher Motors slumps as promoters sell 11.4 lakh shares

Shares of Eicher Motors dropped 4% to Rs18979 on NSE on reports that the promoters have sold 11.4 lakh shares representing 4.3% of the total share capital and 7.6% of their shareholding in the company.

The stake sale is for the amount of Rs 2,160 cr. Negative for the company.

Crompton Greaves slumps 5% on demerger

Shares of Crompton Greaves dropped 5% to Rs60.30 on NSE post the listing of de-merged consumer durable entity, Crompton Greaves Consumer Electricals today.

UCO Bank Q4 net loss at Rs1715 crore

UCO Bank has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:

For the Quarter ended March 31, 2016

The Bank has posted a net loss of Rs1715.16 crore Vs net profit of Rs209.28 crore.

Total Income decreased by 9.83% to Rs4745.48 crore Vs Rs5263.36 crore.

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