Ashok Leyland to delist GDRs from London Stock Exchange -

The Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard 

Ashok Leyland Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard.

The underlying shares arising out of GDRs are listed with BSE Limited and National Stock Exchange of India Limited.

Stock commentary:

Ashok Leyland Ltd is currently trading at Rs. 92.7, down by Rs. 0.7 or 0.75% from its previous closing of Rs. 93.4 on the BSE.

The scrip opened at Rs. 93.9 and has touched a high and low of Rs. 94 and Rs. 92.4 respectively. So far 3667363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26580.49 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 63.85 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 94.85 and Rs. 84.5 respectively.

The promoters holding in the company stood at 50.38 % while Institutions and Non-Institutions held 14.93 % and 34.69 % respectively.

The stock is currently trading below its 100 DMA.

Strides Shasun jumps 5.4%; to acquire 3 brands from Moberg Pharma for USD 10 mn

The pharma company has entered into an agreement with Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of $10 million plus inventory value at closing.

Strides Shasun jumped 5.4% to Rs.1,090 on BSE. The pharma company has entered into an agreement with  Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of  $10 million plus inventory value at closing.

The stock hit a high of Rs.1136.90 and low of Rs.1040 on BSE today. The total traded quantity was 0.99 lakh shares and two-week average quantity is 0.12 lakh.

The counter has seen trades of around 798-odd shares as against the two-week daily average volume of around 0.83 shares on the BSE. 

nox Wind gets orders for 52 MW wind projects from IOC & Gujarat Industries Power

As part of the two turnkey orders, Inox Wind will supply and install 26 units of its top rated 2MW DFIG 100 rotor diameter Wind Turbine Generators (WTGs).

Inox Wind Limited, India's leading wind energy solutions provider to IPPs, Utilities, PSUs,Corporates and Retail Investors, has baggedtwo orders of 26 MW each from two of India's leading Public Sector Undertakings. The company has bagged a 26 MW turnkey wind power project to be set up at Mahidad, in the state of Gujarat from Indian Oil Corporation Limited (IOCl). IOCl, a Maharatna Central Public Sector Enterprise, is India's largest commercial enterprise and is ranked amongst the world's largest corporates. Maintaining its momentum as India's leading wind power solutions provider, Inox Wind has bagged a further 26 MW turnkey order to be set up in Rojmal, Gujarat. The order was awarded by Gujarat Industries Power Company Limited (GIPCl), a leading Public Sector Undertaking engaged in the businessof electrical power generation.

As part of the two turnkey orders, Inox Wind will supply and install 26 units of its top rated 2MW DFIG 100 rotor diameter Wind Turbine Generators (WTGs). Inox Wind will be responsible for the entire project lifecvcle from manufacture and supply of WTGs to erection and commissioning as well as providing long term operations and maintenance servicesto the two projects.

"Inox Wind is extremely proud to work with two of India's leading enterprises. With the continued thrust that the government is providing to the development of renewable energy in the country, the wind sector in India is expected to be one of the fastest growing. The two orders further consolidate the company's market leadership position across institutional clients in the country." said Mr. Kailash Tarachandani, Chief Executive Officer of Inox Wind limited in his statement.

Ajanta Pharma climbs after USFDA approval

The pharma company has announced that it has received US FDA nod for Almotriptan Malate tablets.

Ajanta Pharma climbed 2.9% to Rs.1437 on BSE. The pharma company has announced that it has received US FDA nod for Almotriptan Malate tablets.

The scrip opened at Rs. 1421 and has touched a high and low of Rs. 1448.8 and Rs. 1420 respectively. So far 82348(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12295.53 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1720 on 12-Aug-2015 and a 52 week low of Rs. 1090 on 23-Mar-2015. Last one week high and low of the scrip stood at Rs. 1415.95 and Rs. 1274 respectively.

The promoters holding in the company stood at 73.78 % while Institutions and Non-Institutions held 10.76 % and 15.46 % respectively.

The stock is currently trading below its 200 DMA.

VA Tech Wabag jumps 5.4% after order win

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. 

VA Tech Wabag jumped 5.4% to Rs.464.60 on BSE.  The company has bagged order worth Rs.594 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation & Maintenance {O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu,Chennai. 

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. 

The scrip opened at Rs. 455.7 and has touched a high and low of Rs. 468 and Rs. 454 respectively. So far 164845(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2400.84 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 484.6 and Rs. 409.3 respectively.

The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.

The stock is currently trading above its 200 DMA.

VA Tech Wabag bags order worth Rs. 594 crore

The value of the EPC and O&M portion (for a period of 15 years) of the contract is Rs. 396 crores and Rs. 198 Crores respectively

VA Tech Wabag (WABAG), a leading Indian MNC in the water sector, in consortium with IDE Technologies has won an Rs.594 crores contract from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation & Maintenance {O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu,Chennai.

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. The project is a decisive step in the direction of domestic wastewater recycling thus creating alternate sources of water wherein treated water from the existing Koyambedu Sewage Treatment Plant will be recycled and conveyed to various industries at lrungattukottai, Sriperumbudur and Oragadam through a pipeline of approximately 72 km.

The project will adopt a state-of-the-art ultra-filtration and reverse osmosis technology to treat the secondary domestic waste water to provide a consistent quality of water to various industries and the scope includes supply, laying and maintenance of MS Transmission main for conveying this reclaimed water to various industries.

The value of the EPC and O&M portion (for a period of 15 years) of the contract is Rs. 396 crores and Rs. 198 Crores respectively. The Consortium will be responsible for execution of the complete plant and transmission pipeline where WABAG would act as the leader.

Commenting on this significant development, S Natrajan,Head of Sales, WABAG said,"I am happy that in a year of major orders being clocked from International geographies by the Company, we have secured this major contract from one of our key client, CMWSSB,Chennai which augurs well for the India cluster. With this water reuse order, WABAG has once again reinforced its global leadership position in the Water reuse and recycle sector."

Century Plyboards to consider declaration of interim dividend

The company has fixed March 16, 2016 as the Record Date for the purpose of Payment of Interim Dividend, if declared by the Board.

Century Plyboards (India) Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of Payment of Interim Dividend, if declared by the Board.

Stock commentary:

Century Plyboards (India) Ltd ended at Rs. 168.55, up by Rs. 2.9 or 1.75% from its previous closing of Rs. 165.65 on the BSE.

The scrip opened at Rs. 167 and touched a high and low of Rs. 169.6 and Rs. 164 respectively. A total of 137639(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3745.18 crore.

The BSE group 'B' stock of face value Rs. 1 touched a 52 week high of Rs. 258 on 24-Mar-2015 and a 52 week low of Rs. 135.45 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 169.6 and Rs. 145.55 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 traded below its 200 DMA.

Godrej Industries to consider declaration of interim dividend

Godrej Industries Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of payment of First Interim Dividend.

Godrej Industries Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of payment of First Interim Dividend.

The said interim dividend, if declared, will be paid on or before March 30, 2016.

Stock view:

Godrej Industries Ltd ended at Rs. 317.4, up by Rs. 4.9 or 1.57% from its previous closing of Rs. 312.5 on the BSE.

The scrip opened at Rs. 314.9 and touched a high and low of Rs. 321.45 and Rs. 313 respectively. A total of 242915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10664.28 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 411.55 on 10-Aug-2015 and a 52 week low of Rs. 290.35 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 321.45 and Rs. 290.35 respectively.

The promoters holding in the company stood at 74.81 % while Institutions and Non-Institutions held 17.23 % and 7.97 % respectively.

The stock traded above its 200 DMA.

Coal India to pay interim dividend of Rs.27.40 per share

The Board of Directors of the company at its meeting held on March 05, 2016, have approved payment of Interim Dividend for the financial year 2015-16 @ Rs. 27.40 per share on the face value of Rs. 10/- as recommended by the Audit Committee of CIL in its meeting held on date.

Coal India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2016, have approved payment of Interim Dividend for the financial year 2015-16 @ Rs. 27.40 per share on the face value of Rs. 10/- as recommended by the Audit Committee of CIL in its meeting held on date.

Stock view:

Coal India Ltd ended at Rs. 325.2, up by Rs. 10.4 or 3.3% from its previous closing of Rs. 314.8 on the BSE.

The scrip opened at Rs. 314.1 and touched a high and low of Rs. 327.35 and Rs. 314.1 respectively. A total of 6968253(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 205408.03 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 286.9 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 327.35 and Rs. 306.55 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.44 % and 2.91 % respectively.

The stock traded below its 200 DMA.

HPCL to invest Rs. 45,000 crore

HPCL will invest Rs. 4,199 crore in expanding its Mumbai refinery capacity to 9.5 million tonnes per annum (MTPA) from the existing 6.5 MTPA.

Hindustan Petroleum Corporation Ltd. (HPCL) plans to invest rS. 45,000 crore by 2020 in capacity expansion of its Mumbai and Visakhapatnam refineries, besides to augment its marketing infrastructure.

While Rs. 21,000 crore would be invested in increasing refining capacity, Rs. 9,000 crore would be spent in marketing infrastructure, till 2020, the company said in an investor presentation. 

A total of Rs. 14,000 crore would be spent on joint venture refinery projects, natural gas business and upstream oil exploration, according to HPCL.

HPCL will invest Rs. 4,199 crore in expanding its Mumbai refinery capacity to 9.5 million tonnes per annum (MTPA) from the existing 6.5 MTPA.

Another Rs. 17,000 crore would be spent on expanding its Visakhaptnam refinery to 15 MTPA capacity, from the current 8 MTPA. 

The investments would help the company produce products confirming to Euro V/VI emission specification, HPCL said. 

US$350 million is planned to be spent in raising capacity of the 9 MTPA Bhatinda refinery to 11.25 MTPA, it said. 

HPCL is also partnering Mumbai-based Shapoorji Pallonji to set up a 5 MTPA liquefied natural gas (LNG) import terminal at Chhara port in Gujarat, at an investment of INR 5,411 crore. 

"The financial closure for the project has been completed," HPCL said. 

While HPCL holds a 50 per cent stake in the project, SP Ports, a unit of the Shapoorji Pallonji Group, holds the balance. 

The company is also planning to invest INR 1,782 crore in laying new pipelines, fuel depots and LPG plants. 

RIL to consider interim dividend on March 10

The company has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend.

Reliance Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend.

Pursuant to this, the Company has decided that the close period (i.e. closure of trading window) for the Insiders covered under “Reliance - Code to Regulate, Monitor and Report Trading by Insiders" would commence from 6:00 p.m. on March 07, 2016 and end 48 hours after conclusion of board meeting on March 10, 2016.

Stock view:

Reliance Industries Ltd ended at Rs. 1006.5, down by Rs. 6.05 or 0.6% from its previous closing of Rs. 1012.55 on the BSE.

The scrip opened at Rs. 1017 and touched a high and low of Rs. 1018 and Rs. 1003.75 respectively. A total of 4966340(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 326117.53 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 1018 and Rs. 936.3 respectively.

The promoters holding in the company stood at 45.2 % while Institutions and Non-Institutions held 31.96 % and 19.71 % respectively.

The stock traded below its 50 DMA.

SPARC announces rights issue; ratio at 5 shares for every 116 shares

The company fixed as the Record Date for determining eligibility of the shareholders to whom the equity shares are to be issued under the proposed Rights Issue of the Company (In the ratio of 5 equity shares for every 116 equity shares held by the shareholders as on the record date).

Sun Pharma Advanced Research Company Ltd has informed BSE that "March 17, 2016" has been fixed as the Record Date for determining eligibility of the shareholders to whom the equity shares are to be issued under the proposed Rights Issue of the Company (In the ratio of 5 equity shares for every 116 equity shares held by the shareholders as on the record date).

Sun Pharma Advanced Research Company Ltd ended at Rs. 293.2, up by Rs. 2.15 or 0.74% from its previous closing of Rs. 291.05 on the BSE.

The scrip opened at Rs. 291.15 and touched a high and low of Rs. 300.95 and Rs. 284.1 respectively. A total of 536932(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6940.04 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 598 on 10-Mar-2015 and a 52 week low of Rs. 245.1 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 300.95 and Rs. 250.65 respectively.

The promoters holding in the company stood at 67.4 % while Institutions and Non-Institutions held 7.99 % and 24.61 % respectively.

The stock traded below its 200 DMA.

Tide Water Oil Fixes record date for stock split & Bonus Issue

Tide Water Oil (India) Ltd has announced that the Company has fixed March 17, 2016 as the Record Date.

Tide Water Oil (India) Ltd has announced that the Company has fixed March 17, 2016 as the Record Date for the following purpose:

Sub-division of existing equity shares of Rs. 10/- each fully paid up to 2 (two) equity shares of Rs. 5/- each fully paid up 

Issue of bonus shares in the ratio 1:1.

Tide Water Oil Co (I) Ltd ended at Rs. 25099, up by Rs. 1414 or 5.97% from its previous closing of Rs. 23685 on the BSE.

The scrip opened at Rs. 23801 and touched a high and low of Rs. 25500 and Rs. 23540 respectively. A total of 8069(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2183.61 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 33269 on 07-Jan-2016 and a 52 week low of Rs. 12251 on 23-Mar-2015. Last one week high and low of the scrip stood at Rs. 25500 and Rs. 21950 respectively.

The promoters holding in the company stood at 26.23 % while Institutions and Non-Institutions held 11.37 % and 59.94 % respectively.

The stock traded below its 50 DMA.

Reliance Retail shuts over 20 stores to cut losses

The company had shut more than 100 stores, primarily in value (food & grocery retailing) and jewellery formats in the year 2015.

Reliance Retail has shut more than 20 stores in the last nine months mainly in the value (food & grocery retailing) and jewellery formats, as the company looks to reduce losses by shutting unprofitable stores, reports a business daily. 

The company had shut more than 100 stores, primarily in value (food & grocery retailing) and jewellery formats in the year 2015.

The value format is the biggest revenue generator for Reliance Retail, contributing approximately 54% to revenues of INR 17,640 crore in the last fiscal year. 

As of 31st December, the company had 597 stores operational under Reliance Fresh, Reliance Mart, Reliance Market among others. 

According to Reliance Industries' annual report, Reliance Retail had 616 stores as of March 2015 in the value and other formats spread across 5.42 million square feet.

Reliance Retail is also planning to launch a new format called Reliance Smart in the next few months, says the financial newspaper.

The new format Reliance Smart will comprise clothing, accessories, among others and will start from a size of 7,000 sq ft up to 20,000 sq ft.