Adani Power Q2 cons net loss at Rs.369 crore

The total income for Q2 is at Rs.5,784 crore.

Adani Power Ltd has posted results for the second quarter ended 30th September, 2015.

The net loss for the quarter stands at Rs. 369 crore.

The total income for Q2 is at Rs.5,784 crore.

The EBITDA Margin for Q2 is at 31.5%. 

The company has announced that the Board of Directors of the Company at its meeting held on November 03, 2015, inter alia, has approved the following:

Issue of equity shares on preferential basis to the promoter and promoter group of the Company up to 39.81 crores equity shares at a price being not less than the price determined in accordance with SEBI (ICDR) Regulations, 2009 subject to approval of members by postal ballot process and any other approval, if required.

Vneet S. Jaain, Executive Director has been re-designated as Whole-time Director of the Company subject to approval of members, if required.

United Spirits gains 5%; Q2 net profit at Rs. 929 crore

The Company posted a net profit of Rs. 9293mn for the quarter ended September 30, 2015 as compared to net loss of Rs. (269.00) mn for the quarter ended September 30, 2014.

United Spirits Ltd were higher by 5% at Rs. 3412. The Company posted a net profit of Rs. 9293mn for the quarter ended September 30, 2015 as compared to net loss of Rs. (269.00) mn for the quarter ended September 30, 2014. 

The scrip opened at Rs. 3390 and has touched a high and low of Rs. 3424 and Rs. 3333 respectively. So far 240922(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 47235.16 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4080 on 05-Mar-2015 and a 52 week low of Rs. 2501 on 01-Dec-2014. Last one week high and low of the scrip stood at Rs. 3283.9 and Rs. 3100 respectively.

The promoters holding in the company stood at 58.87 % while Institutions and Non-Institutions held 28.59 % and 12.03 % respectively.

The stock is currently trading below its 200 DMA.

ABB India Q3 PAT up 30% yoy at Rs. 58.7 crore

The company’s total income has increased by 6.7 per cent to Rs.1,969.5 crore for the quarter under review from Rs. 1,846 crore for the corresponding quarter of the previous year.

ABB India Ltd has announced the following results for the quarter ended September 30, 2015.

The company reported 30 per cent rise in its net profit at Rs.58.7 crore for the quarter ended September 30, 2015 as compared to Rs.54 crore for the same quarter in the previous year. The company’s total income has increased by 6.7 per cent to Rs.1,969.5 crore for the quarter under review from Rs. 1,846 crore for the corresponding quarter of the previous year.

Its net sales has surged by 6.5% to Rs. 1,940 crore for the second quarter ended September 30, 2015 as against Rs.1,821 crore in the same period a year ago.

Orders
The company received orders worth Rs 2,292 crore in the third quarter of 2015, compensating for the award postponement experienced in the last two quarters. Continued focus on base orders resulted in healthy growth. In addition, large orders also grew significantly during the quarter. Notable projects in transmission, renewables and transportation offset the slowdown in traditional sectors. Order growth was marked by a few firsts like the marine generator and controlled start solutions for mining. Introducing and using such smart solutions to decouple growth from environmental impact in emerging markets is a core element in our Next Level strategy. The order backlog stood at Rs 8,275 crore as on September 30, 2015, providing visibility for future revenue.

Revenue

For the quarter ended September 2015, the company posted an increased revenue of Rs 1,969 crore. Better value offering, enhanced localization coupled with extensive customer outreach in new markets, remained the key drivers for improved revenue during the quarter. Disciplined execution and focused conversion of order backlog buffered headwinds of tight liquidity and excess capacity within industry. Profit

The company posted a profit before tax of Rs 95 crore and profit after tax of Rs 59 crore. A combination of factors including higher volumes, favorable exchange rates and sustained efforts on operational excellence initiatives helped improve profitability.

“Continued confidence in the value addition of our portfolio of advanced and integrated solutions resulted in a good build-up of orders for the quarter,” said Bazmi Husain, Managing Director, ABB India. “We will carefully optimize cost and cash in a market which continues to remain uncertain in its outlook, awaiting a broad-based recovery.”

IPCA Lab open offer for stake in Krebs Bio at Rs. 54

Ipca Laboratories is currently trading at Rs. 758.25, down by Rs. 13.65 or 1.77% from its previous closing of Rs. 771.9 on the BSE.

Krebs Biochemicals & Industries Ltd has submitted to BSE a copy of Recommendation of Committee of Independent Directors (IDC) on the Open Offer to the Equity Shareholders of Krebs Biochemicals and Industries Ltd ("Target Company/TC") by Ipca Laboratories Ltd ("the Acquirer") for acquisition of 35,73,515 Equity Shares under Regulations 3(1) and 4 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (" SEBI SAST Regulations").

Ipca Laboratories Ltd is currently trading at Rs. 758.25, down by Rs. 13.65 or 1.77% from its previous closing of Rs. 771.9 on the BSE.

The scrip opened at Rs. 770 and has touched a high and low of Rs. 772.75 and Rs. 754.35 respectively. So far 150236(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9741.38 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 888 on 19-Aug-2015 and a 52 week low of Rs. 591.25 on 09-Feb-2015. Last one week high and low of the scrip stood at Rs. 801.05 and Rs. 750 respectively.

The promoters holding in the company stood at 45.89 % while Institutions and Non-Institutions held 30.57 % and 23.53 % respectively.

The stock is currently trading above its 50 DMA.

Jaypee Infratech slumps 5% on weak Q2 earnings

The Company posted a net (loss) of Rs. (1595.70) mn for the quarter ended September 30, 2015 as compared to net profit of Rs. 1159.00 mn for the quarter ended September 30, 2014.

Shares of Jaypee Infratech Ltd were lower by 5% at Rs. 12 .The Company posted a net (loss) of Rs. (1595.70) mn for the quarter ended September 30, 2015 as compared to net profit of Rs. 1159.00 mn for the quarter ended September 30, 2014.

The scrip opened at Rs. 12.55 and has touched a high and low of Rs. 12.7 and Rs. 12.35 respectively. So far 915911(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1812.55 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 25 on 05-Nov-2014 and a 52 week low of Rs. 11.42 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 13.89 and Rs. 12.91 respectively.

The promoters holding in the company stood at 71.64 % while Institutions and Non-Institutions held 15.17 % and 13.19 % respectively.

The stock is currently trading above its 200 DMA.

Brewing better! Coffee Day Enterprises recovers 3% after listing crash

Yesterday, the stock fell over 18% at Rs. 270 on its debut against issue price of Rs 328 per share.

Shares of Coffee Day Enterprises were higher by 3% at Rs. 278. Yesterday, the stock fell over 18% at Rs. 270 on its debut against issue price of Rs 328 per share.

The company raised Rs 1,150 crore in an initial public offering.

The IPO closed on October 16 and got oversubscribed 1.81 times. 

The shares reserved for qualified institutional buyers (QIBs) was subscribed nearly 4.4 times. 

Coffee Day Enterprises Ltd. (“CDEL”) is the parent company of the Coffee Day Group, which currently operates in businesses such as coffee, development and management of IT-ITES technology parks, providing integrated logistics solutions, financial services, hospitality and investing in technology companies. 

The Company also has investments in certain IT-ITES and other technology companies such as Mindtree in which it owns a 16.75% equity holding (effective holding being 16.04%) as of June 30, 2015 and in which the Promoter, V.G. Siddhartha, additionally owns 3.01%. Other investee companies include Ittiam, Magnasoft and Global Edge.

Eclerx Services surges 4% on robust Q2 earnings

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 927.209 mn for the quarter ended September 30, 2015 where as the same was at Rs. 622.918 mn for the quarter ended September 30, 2014.

Shares of Eclerx Services Ltd were higher by 4% at Rs. 1886. The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 927.209 mn for the quarter ended September 30, 2015 where as the same was at Rs. 622.918 mn for the quarter ended September 30, 2014.

Total Income is Rs. 3398.850 mn for the quarter ended September 30, 2015 where as the same was at Rs. 2422.593 mn for the quarter ended September 30, 2014.

The scrip opened at Rs. 1868 and has touched a high and low of Rs. 1926.95 and Rs. 1867.15 respectively. So far 53187(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5523.29 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1949.15 on 23-Oct-2015 and a 52 week low of Rs. 1172.3 on 10-Dec-2014. Last one week high and low of the scrip stood at Rs. 1900 and Rs. 1793.9 respectively.

The promoters holding in the company stood at 52.24 % while Institutions and Non-Institutions held 39.12 % and 8.64 % respectively.

The stock is currently trading below its 50 DMA.

Tech Mahindra stock down ahead of Q2 results

The IT Company is scheduled to announce its September quarter earnings today.

Shares of Tech Mahindra were trading lower 0.17% at Rs.554.60 on BSE. The IT Company is scheduled to announce its September quarter earnings today.

Tech Mahindra is expected to deliver healthy cc dollar revenue growth of 3.5‐4% qoq, IIFL says. Q2 FY16 would be a much better quarter with abatement of the seasonal issues faced in the previous quarter.

The scrip opened at Rs. 560 and has touched a high and low of Rs. 562.85 and Rs. 549.1 respectively. So far 541053(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 53676.87 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 749.5 on 02-Feb-2015 and a 52 week low of Rs. 458.7 on 06-Jul-2015. Last one week high and low of the scrip stood at Rs. 557 and Rs. 533.6 respectively.

The promoters holding in the company stood at 36.65 % while Institutions and Non-Institutions held 49.08 % and 14.27 % respectively.

The stock is currently trading below its 200 DMA.

Jain Irrigation System spurts 2% after bagging order

The company has signed a 3 year Supply Contract for supply of Mango Pulp with Hindustan Coca-Cola Beverages. The contract is valued at Rs. 751 crores at current year's supply prices.

Jain Irrigation Systems has signed a 3 year supply contract for supply of mango pulp with Hindustan Coca-Cola Beverages. The contract is valued at Rs. 751 crores at current year's supply prices. The stock is currently trading at Rs. 64.2, up by Rs. 1.55 or 2.47% from its previous closing of Rs. 62.65 on the BSE.

The scrip opened at Rs. 63.3 and has touched a high and low of Rs. 64.9 and Rs. 62.6 respectively. So far 2993915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2854.2 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.8 on 03-Nov-2014 and a 52 week low of Rs. 50.55 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 66.3 and Rs. 61 respectively.

The promoters holding in the company stood at 28.69 % while Institutions and Non-Institutions held 40.14 % and 31.01 % respectively.

The stock is currently trading below its 200 DMA.

US Crude Edges Up After Drops; Market Stays Oversupplied

Singapore: US crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the Federal Reserve eventually raises interest rates.

Benchmark US crude futures were trading at $46.27 per barrel at 0028 GMT (5:58 a.m. in India), up 13 cents from their last settlement. The slight rise followed falls in the previous session as Russian production hit a post-Soviet peak while China's demand outlook weakened.

"Crude continues to remain under pressure due to emerging supply-side news and slowing Chinese demand. Russian oil output broke a post-Soviet record in October for the fourth time this year. News from Iran is also painting a negative picture," ANZ bank said in a morning note.

In North America, US crude oil stockpiles likely rose by 2.7 million barrels last week, growing for a sixth consecutive week, a Reuters poll showed. Industry group the American Petroleum Institute (API) will issue its preliminary inventory data on Tuesday before official numbers on Wednesday from the US government.

At the same time, traders are keeping an eye on US monetary policy as a rise in American interest rates would likely push up the dollar against other currencies, making oil imports more expensive in some other countries.

"With the focus on US economic data this week, anything supportive of the Fed raising rates could see commodity markets come under some pressure," ANZ said. 

RComm deal with SSTL, Dr Reddy's launch of pain relief spray and other Top Corporate News

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Reliance Communications has signed a definitive agreement with Sistema Shyam Teleservices Limited (SSTL) to acquire operation of MTS network in exchange for 10% stake. It has agreed to pay Rs3.9bn per year till next 10 years for spectrum licence owned by the Russian operator. 

Sun Pharma may decide to discontinue some non-strategic businesses as part of its integration process with Ranbaxy, the company it acquired last year in a US$4bn deal. 

Dr Reddy's Laboratories launched a pain relief spray, Nise D Spray. Through this, the company has expanded its offerings in the therapeutic area of pain relief.

SAIL has bagged an export contract to supply about 100,000 tonne of rails to Iran from its flagship entity Bhilai Steel Plant (BSP), which has been the sole producer of rail for the company.

Coal India has reported a provisional production of 44.4 mn tonnes as against its target of 46.8 mn tonnes in October 2015. 

GAIL has revived the 2,050-km pipeline project after eight years of uncertainty following Prime Minister Narendra Modi's push to get cleaner fuel to eastern India even though the source of the gas, customers and the funding for the project remain shaky.

eClerx Services Ltd has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 927.209 mn for the quarter ended September 30, 2015 where as the same was at Rs. 622.918 mn for the quarter ended September 30, 2014.

TVS Motor Company recorded 14% growth in sales for the month of October 2015 with total sales from 241,044 units recorded in the month of October 2014 to 274,622 units in the month of October 2015.

Blue Star announced that it has acquired 51% stake in Oman Electro Mechanical Contracting, a 100 per cent subsidiary of W J Towell.

Shemaroo Entertainment has tied up with DTH service provider Airtel Digital TV to launch movie premiere service called Miniplex. Under this ad-free subscription-based service, the company will premiere one movie every Friday on the DTH platform.

Tata Power Solar, integrated solar company, has successfully commissioned a 120 kWp solar plant at the Lotus Temple, located in New Delhi. 

The CBI’s appeal against the Delhi High Court order quashing charges against Prakash Industries and its director in a coal block allocation case will come up before the Supreme Court today, says a report in HBL.

Tata Motors, Adani Ent, eClerx among 20 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Tata Motors: Tata Motors announced Lionel Messi as its global brand ambassador to better connect with the consumers across the world and boost sales of its passenger vehicles.

Prakash Industries:  The CBI’s appeal against the Delhi High Court order quashing charges against Prakash Industries and its director in a coal block allocation case will come up before the Supreme Court today, says a report in HBL.

Dr Reddy’s Laboratories: The pharma company has launched a pain relief spray under ‘Nise D Spray’ as part of its plans to bolster presence in Indian over-the-counter (OTC) market.

CARE: The company reported its net profit at Rs. 37.8 crore for the quarter ended September 30, 2015 as compared to Rs. 52.4 crore for the same quarter in the previous year.

Oberoi Realty: The company has reported 2.7% on-year rise in net profit at 72.44 crore for the quarter ended September. Total Income has increased from Rs. 189.3.4 crore for the quarter ended September 30, 2014 to Rs. 200.8 crore  for the quarter ended September 30, 2015.

United Breweries: The company has posted a net profit of Rs. 482 mn for the quarter ended September 30, 2015 as compared to Rs. 426.20 mn for the quarter ended September 30, 2014.

TVS Motor Company: The auto company recorded 14% growth in sales for the month of October 2015 with total sales from 241,044 units recorded in the month of October 2014 to 274,622 units in the month of October 2015.

Brigade Enterprises: The company reported its Q2 net profit has increased by 102% at Rs. 41 crores for the second quarter of the current fiscal as compared to the same period last year.

Steel Authority of India Ltd: SAIL would supply rails for the major railway network expansion plan in Iran.The company has bagged an export contract to supply about 100,000 tonne of rails to Iran from its Bhilai Steel Plant (BSP), according to the newspaper.

Adani Enterprises Ltd: The company has posted its net profit at Rs. 2988.60 mn for the quarter ended September 30, 2015 where as the same was at Rs. 2102.90 mn for the quarter ended September 30, 2014.

eClerx Services Ltd: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 927.209 mn for the quarter ended September 30, 2015 where as the same was at Rs. 622.918 mn for the quarter ended September 30, 2014.

Shemaroo Entertainment: The company has tied up with DTH service provider Airtel Digital TV to launch movie premiere service called Miniplex. Under this ad-free subscription-based service, the company will premiere one movie every Friday on the DTH platform.

Piramal Enterprises Ltd: The company has posted a net profit after taxes, minority interest and share of profit/(loss) of associates of Rs. 2459.10 mn for the quarter ended September 30, 2015 as compared to net loss of Rs. 3907.90 mn for the quarter ended September 30, 2014.

Blue Star: Blue Star announced that it has acquired 51% stake in Oman Electro Mechanical Contracting, a 100 per cent subsidiary of W J Towell.

Reliance Communications: Reliance Comm has signed a definitive agreement with Sistema Shyam Teleservices Limited (SSTL) to acquire operation of MTS network in exchange for 10% stake.

Monsanto India Ltd: The company has posted a net loss of Rs. 263.80 mn for the quarter ended September 30, 2015 as compared to net loss of Rs.48.10 mn for the quarter ended September 30, 2014.

Subex Ltd: The company has posted results for the second quarter ended 30th September, 2015.The net profit for the quarter stands at Rs. 15.6 Crore as compared to loss of Rs. 4.7 crore.

Coal India: Coal India has reported a provisional production of 44.4 mn tonnes as against its target of 46.8 mn tonnes in October 2015.

Reliance Capital Ltd: Reliance Capital has posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2500 mn for the quarter ended September 30, 2015 as compared to Rs. 2170 mn for the quarter ended September 30, 2014.

Amtek Auto: Amtek Auto said has appointed US-based investment bank Morgan Stanley to advise the company on its debt reduction plan. "The company has received a large number of enquiries to buy out a couple of its overseas businesses, including Tekfor, which it bought out of insolvency two years ago," the company said in an exchange filing.

Jaiprakash Power Ventures Ltd: The company has posted a net profit of Rs. 1336.90 mn for the quarter ended September 30, 2015 where as the same was at Rs. 2998.10 million for the quarter ended September 30, 2014. Total Income is Rs. 12796.80 mn for the quarter ended September 30, 2015 where as the same was at Rs. 12073.20 million for the quarter ended September 30, 2014.

Escorts Ltd: The company has  posted a net profit of Rs. 161.820 mn for the quarter ended September 30, 2015 as compared to net loss of Rs. 78.560 min for the quarter ended September 30, 2014.

Phillips Carbon Black: The company  reported standalone net profit of Rs. 5.39 crore for the quarter, registering increase of 30.19% yoy.

Tech Mahindra, GAIL, DLF, Indian Oil Corporation, Reliance Power, Adani Power, ABB India, Power Grid Corporation Of India, Power Finance Corporation, Berger Paints, Aegis Logistics, PVR, Hexaware Technologies are some of companies which to announce their earnings today.