Century Plyboards Q3 net profit at Rs. 41.6 crore

Total income was at Rs.390.6 crore for the quarter ended Dec. 31, 2015 as compared to Rs.385.8 crore in the same period last year.

Century Plyboards Ltd reported net profit at Rs. 41.6 crore for the third quarter that ended on December 31, 2015 as compared to Rs. 41.4 crore YoY.

Total income was at Rs.390.6 crore for the quarter ended Dec. 31, 2015 as compared to Rs.385.8 crore in the same period last year.

Century Plyboards (India) Ltd is currently trading at Rs. 158, down by Rs. 5.35 or 3.28% from its previous closing of Rs. 163.35 on the BSE.

The scrip opened at Rs. 161.2 and has touched a high and low of Rs. 166.2 and Rs. 156.4 respectively. So far 107922(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3629.64 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 261.75 on 02-Mar-2015 and a 52 week low of Rs. 137.75 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 166 and Rs. 152.7 respectively.

The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 13.98 % and 12.68 % respectively.

The stock is currently trading above its 200 DMA.

Sterlite Technology Q3 PAT stands at Rs 41.91cr, up 81.7%

Q3 FY16 earnings of the company met street estimates. The tech firm registered a standalone profit after tax (PAT) of Rs 41.91 crore in Q3 FY16 compared with Rs 23.06 crore in Q3 FY15.

Sterlite Technology, one of the leading IT firms of the country, announced its financial results for the quarter ended December 2015 on January 28, 2016.

Q3 FY16 earnings of the company met street estimates; the tech firm registered a standalone profit after tax (PAT) of Rs 41.91 crore in Q3 FY16 compared with Rs 23.06 crore in Q3 FY15.

Sterlite Tech posted a revenue of Rs. 1,117.09 crore vs. Rs. 873.23 cr Y-o-Y, while the total income stood at Rs. 1,134 crore vs. Rs. 894.53 crore Y-o-Y.

IIFL had estimated the company’s net revenue for Q3 FY16 at Rs. 1,064 crore; net profit was expected to be at Rs. 35.3 crore.

Stock commentary:

Sterlite Technologies Ltd is currently trading at Rs. 84.1, down by Rs. 0.4 or 0.47% from its previous closing of Rs. 84.5 on the BSE.

The scrip opened at Rs. 85.1 and has touched a high and low of Rs. 87.7 and Rs. 83.05 respectively. So far 1584974(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3336.9 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.9 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 86 and Rs. 78.75 respectively.

The promoters holding in the company stood at 54.77 % while Institutions and Non-Institutions held 15.05 % and 30.16 % respectively.

The stock is currently trading above its 50 DMA.

Gujarat Pipavav Q3 net profit down 40%

Total Income has decreased from Rs. 1896.122 mn for the quarter ended December 31, 2014 to Rs. 1718.378 mn for the quarter ended December 31, 2015.

Gujarat Pipavav Port Ltd  posted a net profit of Rs. 533 mn for the quarter ended December 31, 2015 compared with Rs. 893.177 mn for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 1896.122 mn for the quarter ended December 31, 2014 to Rs. 1718.378 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 146.85 and has touched a high and low of Rs. 157.55 and Rs. 146.85 respectively. So far 847420(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7072.73 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 262 on 06-Apr-2015 and a 52 week low of Rs. 136.6 on 30-Dec-2015. Last one week high and low of the scrip stood at Rs. 151.4 and Rs. 140 respectively.

The promoters holding in the company stood at 43.01 % while Institutions and Non-Institutions held 49.36 % and 7.63 % respectively.

The stock is currently trading above its 200 DMA.

Rane Brake Q3 net profit at Rs.7.9 crore, rises 79.5%

Total income was at Rs.111.7 crore for the quarter ended Dec. 31, 2015 compared with Rs.101.1 crore in the same quarter last year.

Rane Brake Ltd reported net profit at Rs. 7.9 crore for the third quarter that ended on December 31, 2015 compared withy Rs. 4.4 crore YoY.

Total income was at Rs.111.7 crore for the quarter ended Dec. 31, 2015 compared with Rs.101.1 crore in the same quarter last year.

Rane Brake Lining Ltd is trading at Rs. 361.2, up by Rs. 34.2 or 10.46% from its previous closing of Rs. 327 on the BSE.

The scrip opened at Rs. 300 and has touched a high and low of Rs. 368 and Rs. 300 respectively. So far 16670(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 258.66 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.9 on 30-Jul-2015 and a 52 week low of Rs. 265 on 01-Jun-2015. Last one week high and low of the scrip stood at Rs. 335 and Rs. 287.2 respectively.

The promoters holding in the company stood at 66.5 % while Institutions and Non-Institutions held 9.75 % and 23.75 % respectively.

The stock is currently trading below its 50 DMA.

Jyothy Labs Q3 net profit at Rs. 39 crore

Total income was at Rs.385.4 crore for the quarter ended Dec. 31, 2015 as compared to Rs.380 crore in the same period last year.

Jyothy Laboratories Ltd reported net profit at Rs.39 crore crore for the third quarter that ended on December 31, 2015 as compared to Rs. 26.5 crore YoY.

Total income was at Rs.385.4 crore for the quarter ended Dec. 31, 2015 as compared to Rs.380 crore in the same period last year.

Jyothy Laboratories Ltd is currently trading at Rs. 278, down by Rs. 11.15 or 3.86% from its previous closing of Rs. 289.15 on the BSE.

The scrip opened at Rs. 292 and has touched a high and low of Rs. 295.3 and Rs. 277 respectively. So far 360863(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5236.89 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 342 on 11-Aug-2015 and a 52 week low of Rs. 237 on 18-May-2015. Last one week high and low of the scrip stood at Rs. 290 and Rs. 267 respectively.

The promoters holding in the company stood at 66.74 % while Institutions and Non-Institutions held 24.04 % and 9.22 % respectively.

The stock is currently trading above its 100 DMA.

TRAI sets higher spectrum prices for 700MHz band

The telecom regulator recommended a starting price of Rs. 11,485 crore a unit for 700 MHz band, which invited protests from telcos. According to reports, TRAI plans to conduct the largest ever spectrum auction this season, which could generate almost Rs 544,000 crore for the government.

Telecom Regulatory Authority of India (TRAI) has set a higher-than-expected base price for 700 MHz band in the next round of auctions likely to be conducted around May-June 2016.

TRAI issued recommendations on 'Valuation and Reserve Price of Spectrum in the 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands'.

The telecom regulator recommended a starting price of Rs. 11,485 crore a unit for 700 MHz band, which drew protests from telcos. As per reports, TRAI plans to conduct the largest ever spectrum auction this season, which could generate almost Rs 544,000 crore for the government.

The higher base price base makes 700 MHz band the most expensive band ever. Considered as most efficient for 4G services, the regulator, has reportedly, allocated a 5 MHz block size for the auction.

TRAI was quoted as saying, "The 700 MHz spectrum band is a lower frequency band and has better propagation characteristics compared with other high-frequency spectrum bands. This spectrum band is considered as premium spectrum band and is most suitable for LTE." 

RBI rate reduction does not impact sovereign rating: S&P

The Standard & Poor's today said that RBI rate reduction does not affect the sovereign rating of India.

The Standard & Poor's Ratings Services today said that RBI rate reduction does not affect the sovereign rating of the country in any way. Further, the banking sector in India is relatively well regulated compared with the peer banking system, it added. Details to follow soon.

Symphony net profit climbs 32.5% to Rs.47.7cr

The company reported 32.5% jump in net profit at Rs.47.7 crore for the quarter that ended on December 31, 2015.

Symphony Ltd reported 32.5% increase in standalone net profit at Rs.47.7 crore for the quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.36 crore for the corresponding quarter last year, it said in a filing to the BSE.

Total income increased by 19.9% to Rs.162.5 crore for the quarter ended Dec. 31, 2015 compared with Rs.135.5 crore in the same period last year.

During the quarter under review, EBITDA were at Rs.60 crore compared with Rs.48 crore.

The company has declared interim dividend of Rs. 5 (250%) per equity share having face value of Rs. 2/- each.

Stock Commentary:

Symphony Ltd is currently trading at Rs. 2228.8, up by Rs. 40.65 or 1.86% from its previous closing of Rs. 2188.15 on the BSE.

The scrip opened at Rs. 2105 and has touched a high and low of Rs. 2317.4 and Rs. 2105 respectively. So far 117421(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7653.82 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 3270 on 21-Apr-2015 and a 52 week low of Rs. 1649.05 on 13-Aug-2015. Last one week high and low of the scrip stood at Rs. 2231.65 and Rs. 2021 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 11.67 % and 13.33 % respectively.

The stock is currently trading below its 50 DMA

Granules India Q3 net profit at Rs. 27.1 crore

Total income was at Rs.344.9 crore for the quarter ended Dec. 31, 2015 as compared to Rs.319.7 crore in the same period last year.

Granules India Ltd reported net profit at Rs.27.1 crore for the third quarter that ended on December 31, 2015.

Total income was at Rs.344.9 crore for the quarter ended Dec. 31, 2015 as compared to Rs.319.7 crore in the same period last year.

Granules India Ltd is currently trading at Rs. 117.8, down by Rs. 2.5 or 2.08% from its previous closing of Rs. 120.3 on the BSE.

The scrip opened at Rs. 119.75 and has touched a high and low of Rs. 122 and Rs. 117 respectively. So far 1573511(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2518.56 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.45 on 01-Dec-2015 and a 52 week low of Rs. 75.2 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 124.3 and Rs. 118.15 respectively.

The promoters holding in the company stood at 48.43 % while Institutions and Non-Institutions held 8.27 % and 43.3 % respectively.

The stock is currently trading above its 50 DMA.

Info Edge Q3 net profit plunges 36.2% to Rs.21.7cr

Total income increased 13.7% to Rs.194.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.171.3 crore in the same quarter last year.

Info Edge (India) Ltd reported a 36.2% decrease in standalone net profit at Rs.21.7 crore for the third quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.38.6 crore for the corresponding quarter last year, it said in a filing to the BSE.

Total income increased 13.7% to Rs.194.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.171.3 crore in the same quarter last year.

During the quarter under review, EBITDA was at Rs.38.4 crore compared with Rs.33.3 crore for the same quarter last year.

Stock Commentary:
Info Edge (India) Ltd is currently trading at Rs. 778, down by Rs. 23.4 or 2.92% from its previous closing of Rs. 801.4 on the BSE.

The scrip opened at Rs. 805 and has touched a high and low of Rs. 817.65 and Rs. 755.8 respectively. So far 104752(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9674.19 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 962 on 05-Mar-2015 and a 52 week low of Rs. 700 on 13-May-2015. Last one week high and low of the scrip stood at Rs. 809.95 and Rs. 786 respectively.

The promoters holding in the company stood at 43.63 % while Institutions and Non-Institutions held 38.21 % and 18.16 % respectively.

The stock is currently trading above its 50 DMA.

IDFC Bank slips 2%; posts profit of Rs. 242.16 crore for the quarter

IDFC Bank posted a net profit of Rs 242.16 crore for the quarter.

IDFC Bank ended lower 1% at Rs. 50. The bank posted a net profit of Rs 242.16 crore for the quarter; NII was at Rs 404 crore and a non-interest income of Rs 200 crore, which included Rs 170 crore in treasury gains. 

The scrip opened at Rs. 52 and has touched a high and low of Rs. 52.4 and Rs. 49.6 respectively. So far 2751101(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17149.71 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.45 on 06-Nov-2015 and a 52 week low of Rs. 43.15 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 51 and Rs. 43.15 respectively.

The promoters holding in the company stood at 52.98 % while Institutions and Non-Institutions held 38.03 % and 8.98 % respectively.

The stock is currently trading above its 50 DMA.

Infosys invests US $4 mn in Waterline Data Science

Infosys has made an investment of US $4 mn in Waterline Data Science, a leading provider of data discovery and data governance software. The investment will be completed on or before February 4, 2016.

Infosys has made an investment of US $4 million in Waterline Data Science, a leading provider of data discovery and data governance software.

The investment will be completed on or before February 4, 2016.

Waterline Data Science provides data scientists and business analysts with a self-service data catalog to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage.

"We see a need for automated data discovery solutions like Waterline Data Science in helping our clients achieve greater business value from their Big Data assets. This investment underscores our commitment to our clients to bring innovative data science solutions across our platforms and offerings," said Ritika Suri, Senior Vice President of Corporate Development at Infosys.

"We are proud to partner with Infosys, a global leader in next-generation services, to help enterprises scale self-service and data governance for smart data discovery. We believe that this partnership will provide significant value to our customers as we combine the Waterline Data Science offering with Infosys' global presence and broad industry expertise," said Alex Gorelik, Founder and Chief Executive Officer of Waterline Data Science.

Neyveli Lignite Corp drops 4.3%; Q3 net profit falls 84.6%

The company has posted a net profit of Rs. 476.10 mn for the quarter ended December 31, 2015 compared with Rs. 3,094.70 mn for the quarter ended December 31, 2014.

Neyveli Lignite Corporation Ltd stock was lower by 4.3% at Rs. 71. The company has posted a net profit of Rs. 476.10 mn for the quarter ended December 31, 2015 compared with Rs. 3,094.70 million for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 17,015.30 million for the quarter ended December 31, 2014 to Rs. 14,108 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 73.8 and has touched a high and low of Rs. 74.05 and Rs. 71.2 respectively. So far 193040(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12700.26 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.25 on 07-Aug-2015 and a 52 week low of Rs. 65.25 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 76 and Rs. 71.1 respectively.

The promoters holding in the company stood at 90 % while Institutions and Non-Institutions held 8.41 % and 1.59 % respectively.

The stock is currently trading above its 50 DMA.

Bharti Airtel drops 1.7% ahead of Q3 results; hits 52-week low

IIFL estimates the largest telecom company to post net profit of Rs. 1133.5 crore, registering a decline of 21.1 % on Y-o-Y basis and 25.6 % on Q-o-Q basis.

Bharti Airtel dropped 1.73% to Rs. 292.75 ahead of Q3 FY16 results on Thursday. The stock traded on a 52-week low of Rs. 291.50 on the BSE.

IIFL estimates the largest telecom company to post net profit of Rs. 1133.5 crore,  registering a decline of 21.1 % on Y-o-Y basis and 25.6 % on Q-o-Q basis.

Also, according to TV reports, 14.8 lakh shares have changed hands in a two block deals at Rs.290-292.25 on the NSE.

The scrip opened at Rs. 295 and has touched a high and low of Rs. 295.75 and Rs. 291.5 respectively. So far 2442964(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 119082.55 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 291.7 on 22-Jan-2016. Last one week high and low of the scrip stood at Rs. 312 and Rs. 291.7 respectively.

The promoters holding in the company stood at 65.62 % while Institutions and Non-Institutions held 25.4 % and 8.93 % respectively.

The stock is currently trading above its 200 DMA.