PETRONET
Announces Q3 results & Limited Review Report for the Quarter ended December 31, 2014
Announces Q3 results & Limited Review Report for the Quarter ended December 31, 2014
Thursday 5 February 2015
Corporate Announcement
Arvind Limited
Press Release
Arvind Limited has informed the Exchange regarding a press release dated February 05, 2015, titled "Arvind Q3 Revenue up by 17% at Rs 2074cr.; Profit up 9% at Rs 112 cr".
Corporate Announcement
Closure of Trading Window
Everest Kanto Cylinder Ltd has informed BSE that in compliance with Everest Kanto Cylinder Limited's Code of Conduct for Prevention of Insider Trading in accordance with the SEBI (Prohibition of Insider Trading) Regulations 1992, the Trading Window for trading in the equity shares of the Company will remain closed from the close of the business hours on February 03, 2015 till the close of the business hours on February 11, 2015 on account of the Meeting of the Board of Directors of the Company scheduled to be held on February 10, 2015 to consider, inter alia, the Unaudited Financial Results for the quarter and nine months ended December 31, 2014.
Everest Kanto Cylinder Ltd has informed BSE that in compliance with Everest Kanto Cylinder Limited's Code of Conduct for Prevention of Insider Trading in accordance with the SEBI (Prohibition of Insider Trading) Regulations 1992, the Trading Window for trading in the equity shares of the Company will remain closed from the close of the business hours on February 03, 2015 till the close of the business hours on February 11, 2015 on account of the Meeting of the Board of Directors of the Company scheduled to be held on February 10, 2015 to consider, inter alia, the Unaudited Financial Results for the quarter and nine months ended December 31, 2014.
Sensex zooms 300pts, Nifty races past 8850, Oil extends loses
Technology shares gain; realty and cons. durables slip over 1%
Sensex is facing strong resistance to gain beyond the 29,000 mark and is trading with 120 points gains at 29,000.
On the broader front, BSE small cap and midcap index has briefly turned negative, under performing the larger peers. In the past few trading sessions there has been a lot of out performance is seen in Mid cap and small cap, so it is not surprising to see some amount of profit taking happening in this space.
__________________________Bharat Heavy Electricals Limited
Corporate Communication
PRESS RELEASE
BHEL commissions 270 MW Thermal Unit in Maharashtra
PRESS RELEASE
BHEL commissions 270 MW Thermal Unit in Maharashtra
New Delhi, February 5: Bharat Heavy Electricals Limited (BHEL) has achieved one more
milestone by successfully commissioning another 2zo Mw coal based thermal power
plant in Maharashtra.
The unit was commissioned at Rattanlndia Power Limited's (formerly lndiabulls power
!!mi!eo) upcoming thermal power project located at village Nandgaonpeth in Amravati district of Maharashtra. This is the third 270 MW unit commissionea uv bngr_ in phase-1
of the project. The project is being executed in tuio pha'ses, each of i,5SO MW.
Notably, this in-house e1g!1eegd 220 MW rating TG set establishes the engineering
prowess of BHEL. The 2101250 MW sets of this rating class, supplied earlier by BneL]
today form the backbone of the lndian powel sectoiand have been performing much above the national average as well as international benchmarks. gHgL has so far contracted 247 sets of this rating class includin g 31 ot 270 MW rating.
BHEL is the largest engineering and manufacturing organisation of its kind in the country. lt is also among the world's few integrated power plant equipment manufacturers with the capability to manufacture tht entire range / type,of power.
equipment and also to undertake projects on EPC basis. lt has achieved technological
de_v_glofments at par with the world's'best through a blend of collaborations with global
OEMs and in-house development
BHEL supplied thermal sets fully meet the performance standards notified by cEA. As
per a__recent cEA study on the performance of installed power generating sle, BnEL supplied sets have demonstrated a better operating Heat Rate resultingi in less coal consumption pei unit of power produced.
Corporate Announcement
BHEL commissions 270 MW Thermal Unit in Maharashtra
Bharat Heavy Electricals Ltd has informed BSE regarding a Press Release dated February 05, 2015, titled "BHEL commissions 270 MW Thermal Unit in Maharashtra".
Bharat Heavy Electricals Ltd has informed BSE regarding a Press Release dated February 05, 2015, titled "BHEL commissions 270 MW Thermal Unit in Maharashtra".
Rupee trading weak at 61.88 on strong dollar
MUMBAI, FEB 5:
The rupee was trading weak by 13 paise at 61.88 against the dollar at 11.55 a.m. local time due to dollar's gains against other currencies overseas.
The rupee fell 16 paise to 61.91 against the dollar in early trade at the Interbank Foreign Exchange market today due to appreciation of the US currency overseas.
It hovered in the range of 61.81 and 62.00 in the late morning deals.
Forex dealers attributed the domestic currency’s fall to the dollar’s gains against other global currencies and a lower opening in the domestic equity market.
The rupee had closed down by eight paise at 61.75 per dollar yesterday on fresh demand for the US currency from banks amid fall in stock markets.
Gold futures climb to Rs. 27,560 per 10 gm
PTI
NEW DELHI, FEB 5:
Gold prices rose 0.58 per cent to Rs. 27,560 per 10 grams at the futures trading today as speculators enlarged positions amid a firm global trend.
On the Multi Commodity Exchange, gold for delivery in April advanced by Rs. 158 or 0.58 per cent to Rs.27,560 per 10 grams in a business turnover of 396 lots.
Similarly, the metal for delivery in February gained Rs. 131 or 0.48 per cent to Rs. 27,670 per 10 grams in just one lot.
Analysts attributed the rise in gold futures to a firm global trend as policy makers in Europe tightened the terms of Greece’s bailout and the People’s Bank of China joined central banks acting to counter slower growth, boosting the demand for a safe haven.
Meanwhile, the yellow metal rose 0.4 per cent to $1,274.18 an ounce in Singapore.
Rupee's appreciation is a worry: Jayant Sinha
REUTERS
The Minister of State for Finance, Jayant Sinha, on Thursday expressed concern about the rupee's appreciation against all major currencies, except the US dollar.
"As of now, we do have to find a zone for the rupee that prevents obviously inflation, etc., in India - which is one of the things that we are concerned about - but at the same time (it) doesn't push out of the zone of competitiveness," Jayant Sinha told foreign investors on Bloomberg TV.
Sinha added that the rupee's 60-65 level against the dollar is a "good zone to be in".
Sensex above 29,000 mark
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, capital goods,Bankex, Oil and gas, metal, FMCG, Oil and gas indices are the gainers, while Power, healthcare,, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Shares of Jubilant Lifesciences hit 10% upper circuit at Rs171 after company posted Q3 results.
Shares of HUL was up 1% at Rs911 on reports that the company called bids to sell 6 apartments in Mumbai.
HDFC Bank stock up 1%
Shares of HDFC Bank is trading up at 1.3% to a high of Rs. 1,084 on BSE.
Report said the bank has initiated the process of raising Rs.10,000 crore from DI and FII on receiving a formal approval from the FIPB. HDFC Bank Ltd has submitted to BSE a copy of the resolution passed on February 04, 2015 by the Special Committee of the Board of Directors of the Bank which was constituted by the Board of Directors of the Bank on Bank on May 19, 2014 (the "Special Committee").
The stock has hit a high of Rs. 1,092 and a low of Rs. 1,070.
Total traded quantity on the counter stood at over 0.59 lk shares.
Meanwhile, the BSE Sensex is up 48 points at 28,931.
Sensex rallies over 150 points, Nifty reclaims 8750; top 15 stocks in focus.
NEW DELHI: The S&P BSE Sensex managed to rally as much as 171 points in trade on Thursday, after opening on a muted note. The rally in the index was led by gains in HDFC, HDFC Bank, Axis Bank, Infosys and Tata Motors.
Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8750, supported by gains in auto, banks, IT and FMCG stocks.
Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8750, supported by gains in auto, banks, IT and FMCG stocks.
At 10:20 a.m.; the 30-share index was at 29,039, up 156 points or 0.54 per cent. It touched a high of 29,054.26 and a low of 28,824.88 in trade today.
The Nifty was at 8,761.55, up 38 points or 0.44 per cent. It touched a high of 8,768.30 and a low of 8,705.55 in trade today.
Here is a list of fifteen stocks which are in focus today:
Bharti Airtel Ltd: Consolidated profit rose to Rs 1,436 crore for the three months ended December 31 from Rs 610.2 crore. It was the highest level of earnings since September 2010 and was the fifth straight quarter of profit growth after a prolonged period of declines under competitive pressures.
At 10:20 a.m.; the stock was trading 0.7 per cent lower at Rs 365.
Bharti Airtel Ltd: Consolidated profit rose to Rs 1,436 crore for the three months ended December 31 from Rs 610.2 crore. It was the highest level of earnings since September 2010 and was the fifth straight quarter of profit growth after a prolonged period of declines under competitive pressures.
At 10:20 a.m.; the stock was trading 0.7 per cent lower at Rs 365.
NMDC Ltd: The government's plans to push through stake sales in four more public sector firms by March-end has not met with much interest from foreign investment bankers.
At 10:20 a.m.; the stock was trading 0.6 per cent lower at Rs 139.
At 10:20 a.m.; the stock was trading 0.6 per cent lower at Rs 139.
Reliance Industries Ltd: Reliance Industries today raised USD 750 million (about Rs 4,624 crore) through a 30-year overseas bond issue, just a fortnight after it raised USD 1 billion in India's first such bond of the year.
At 10:20 a.m.; the stock was trading 0.5 per cent higher at Rs 933.
Blue Star Ltd: Air-conditioning company Blue Star is aiming to capture ten per cent of the room AC market in the next fiscal, an official of the firm said.
At 10:20 a.m.; the stock was trading 0.4 per cent lower at Rs 340.05.
At 10:20 a.m.; the stock was trading 0.4 per cent lower at Rs 340.05.
Pipavav Defence: Mahindra & Mahindra, the Hero group and a French shipbuilder have started separate discussions with the promoters of Pipavav Defence & Offshore Engineering to purchase a 19% stake in the company that has facilities to build warships, submarines and LNG carriers, three people with direct knowledge of the matter said.
At 10:20 a.m.; the stock was trading 7.5 per cent higher at Rs 53.75.
Financial Technologies Ltd: The government can pass a final order to merge crisis-hit National Spot Exchange (NSEL) with its holding company Financial Technologies (FTIL) under Section 396 of the Companies Act, 1956, in eight weeks from Wednesday.
At 10:20 a.m.; the stock was trading 1.6 per cent higher at Rs 201.
At 10:20 a.m.; the stock was trading 1.6 per cent higher at Rs 201.
HDFC Bank Ltd: HDFC Bank, the second-largest private sector bank, launched its programme to raise Rs 10,000 crore through a combination of share sales to qualified institutional investors and the issue of American Depository Receipts (ADRs) on Wednesday. JM Financial, Barclays, Bank of America Merrill Lynch, JPMorgan and Citibank are bankers to the issue.
At 10:20 a.m.; the stock was trading 1.4 per cent higher at Rs 1083.
Wockhardt Ltd: Pharmaceuticals major Wockhardt reported 14.05 per cent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.
At 10:20 a.m.; the stock was trading 0.7 per cent higher at Rs 1294.
At 10:20 a.m.; the stock was trading 0.7 per cent higher at Rs 1294.
Bombay Dyeing and Manufacturing Co: The company reported a net loss of Rs 65.93 crore for the third quarter ended December 31, 2014. The company had posted a net loss of Rs 93.15 crore for the same period of previous fiscal.
At 10:20 a.m.; the stock was trading 2.9 per cent lower at Rs 79.90.
At 10:20 a.m.; the stock was trading 2.9 per cent lower at Rs 79.90.
Aurobindo Pharma Ltd: The pharma major reported a 7.93 per cent decline in its consolidated net profit at Rs 384.35 crore for the third quarter ended December 31, 2014.
At 10:20 a.m.; the stock was trading 4.4 per cent lower at Rs 1161.
At 10:20 a.m.; the stock was trading 4.4 per cent lower at Rs 1161.
Dr Reddy's Laboratories Ltd: The drug maker is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs 82 crore.
At 10:20 a.m.; the stock was trading 0.9 per cent lower at Rs 3073.
At 10:20 a.m.; the stock was trading 0.9 per cent lower at Rs 3073.
Novartis India Ltd: The drug firm reported a net loss of Rs 1.18 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 15.23 crore in the same period last fiscal, Novartis India said in a filing to the Bombay stock exchangeAt 10:20 a.m.; the stock was trading 3.8 per cent lower at Rs 651.
Magma Fincorp: Non-bank lender Magma Fincorp reported a 24.86 per cent jump in net profit at Rs 44 crore in the third quarter ended December.
At 10:20 a.m.; the stock was trading 4 per cent higher at Rs 99.
At 10:20 a.m.; the stock was trading 4 per cent higher at Rs 99.
National Fertilisers Ltd: The state-owned firm National Fertilisers reported an over two-fold jump in its net profit at Rs 47.04 crore for the quarter ended December 2014.
At 10:20 a.m.; the stock was trading 1.8 per cent higher at Rs 39.75.
At 10:20 a.m.; the stock was trading 1.8 per cent higher at Rs 39.75.
Top corporate news of the day - February 05, 2015
Dr Reddy's Laboratories is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs820mn.
Reliance Industries raised USD750mn through a 30-year overseas bond issue, just a fortnight after it raised USD1bn in India's first such bond of the year.
Dr Reddy's Laboratories is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs820mn.
The Tata group has shown interest in participating in many of the flagship projects of Telangana government. These projects include setting up a water grid, and incubation hub, industrial corridors, smart city, solar power park, aerospace park, housing for the poor and improvement of civic amenities in Hyderabad.
Brakes India Ltd, of the TVS group, has formed a joint venture with the US solar major SunEdison. The joint venture’s 7.72 MW solar plant in Tamil Nadu was commissioned and will supply power to Brakes India.
Panacea Biotec said it has received an order worth USD13.49mn for supplying EasyFive-TT vaccine to global health agency PAHO. The 5-in-1 vaccine protects infants from 5 potentially deadly diseases: Haemophilus Influenza type B (the bacteria that causes meningitis, pneumonia and otitis), Whooping Cough, Tetanus, Hepatitis B and Diphtheria. (BL)
Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, launched its Business Correspondent operations in the country with Yes Bank.
Air-conditioning company Blue Star is aiming to capture 10%of the room AC market in the next fiscal.
The city-headquartered Mahindra Group has completed the acquisition of BabyOye, the Accel Partners and Tiger Global backed baby care products etailer that has been on the block since last year. The deal is likely to have been structured as an asset sale and could mark the first major venture capital writeoff in India's booming ecommerce sector.
Torrent Pharmaceuticals proposed to double its borrowing limit to Rs100bn.
Coal India plans to form joint ventures with the Indian Railways and private companies for rail projects that can also generate revenue from third parties that use the facilities.
Budget carrier SpiceJet launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
Reliance Industries raised USD750mn through a 30-year overseas bond issue, just a fortnight after it raised USD1bn in India's first such bond of the year.
Dr Reddy's Laboratories is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs820mn.
The Tata group has shown interest in participating in many of the flagship projects of Telangana government. These projects include setting up a water grid, and incubation hub, industrial corridors, smart city, solar power park, aerospace park, housing for the poor and improvement of civic amenities in Hyderabad.
Brakes India Ltd, of the TVS group, has formed a joint venture with the US solar major SunEdison. The joint venture’s 7.72 MW solar plant in Tamil Nadu was commissioned and will supply power to Brakes India.
Panacea Biotec said it has received an order worth USD13.49mn for supplying EasyFive-TT vaccine to global health agency PAHO. The 5-in-1 vaccine protects infants from 5 potentially deadly diseases: Haemophilus Influenza type B (the bacteria that causes meningitis, pneumonia and otitis), Whooping Cough, Tetanus, Hepatitis B and Diphtheria. (BL)
Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, launched its Business Correspondent operations in the country with Yes Bank.
Air-conditioning company Blue Star is aiming to capture 10%of the room AC market in the next fiscal.
The city-headquartered Mahindra Group has completed the acquisition of BabyOye, the Accel Partners and Tiger Global backed baby care products etailer that has been on the block since last year. The deal is likely to have been structured as an asset sale and could mark the first major venture capital writeoff in India's booming ecommerce sector.
Torrent Pharmaceuticals proposed to double its borrowing limit to Rs100bn.
Coal India plans to form joint ventures with the Indian Railways and private companies for rail projects that can also generate revenue from third parties that use the facilities.
Budget carrier SpiceJet launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
Sensex bounces back into positive zone
Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
At 9:29 AM, the S&P BSE Sensex is trading at 28,935 up 52 points, while NSE Nifty is trading at 8,735 up 11 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Cognizant Technology Solutions Corporation announced its fourth quarter results. Revenue for the fourth quarter of 2014 rose to $2.74 billion, up 16.4% from $2.36 bn in the fourth quarter of 2013. Excluding fourth quarter revenue of $80.6 mn from TriZetto, quarterly revenue was up 13.0% from the year-ago quarter. GAAP net income was$362.9 million, or $0.59 per diluted share, compared to $324.3 million, or $0.53 per diluted share, in the fourth quarter of 2013. Diluted EPS on a non-GAAP basis was $0.67, compared to $0.59 in thefourth quarter of 2013. GAAP operating margin was 17.5% and non-GAAP operating margin was 19.4% for the fourth quarter.
Shares of Pipavav Defense and Offshore surged 8% at Rs54 on reports that Mahindra & Mahindra, Hero Group, DCNS eyeing 19% stake in the company.
At 9:29 AM, the S&P BSE Sensex is trading at 28,935 up 52 points, while NSE Nifty is trading at 8,735 up 11 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Cognizant Technology Solutions Corporation announced its fourth quarter results. Revenue for the fourth quarter of 2014 rose to $2.74 billion, up 16.4% from $2.36 bn in the fourth quarter of 2013. Excluding fourth quarter revenue of $80.6 mn from TriZetto, quarterly revenue was up 13.0% from the year-ago quarter. GAAP net income was$362.9 million, or $0.59 per diluted share, compared to $324.3 million, or $0.53 per diluted share, in the fourth quarter of 2013. Diluted EPS on a non-GAAP basis was $0.67, compared to $0.59 in thefourth quarter of 2013. GAAP operating margin was 17.5% and non-GAAP operating margin was 19.4% for the fourth quarter.
Shares of Pipavav Defense and Offshore surged 8% at Rs54 on reports that Mahindra & Mahindra, Hero Group, DCNS eyeing 19% stake in the company.
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