SPARC Q4 net loss at Rs.95.80mn

The company has posted a net loss of Rs.699.90 million for the year ended March 31, 2016 compared with net loss of Rs.395.20 million for the year ended March 31, 2015.

Sun Pharma Advanced Research Company Ltd posted a net loss of Rs.95.80 million for the quarter ended March 31, 2016 compared with net loss Rs.94.00 million for the quarter ended March 31, 2015.

Total income increased from Rs.431.30 million for the quarter ended March 31, 2015 to Rs.434.90 million for the quarter ended March 31, 2016.

The company has posted a net loss of Rs.699.90 million for the year ended March 31, 2016 compared with net loss of Rs.395.20 million for the year ended March 31, 2015. Total income increased from Rs.1587.70 million for the year ended March 31, 2015 to Rs.1642.20 million for the year ended March 31, 2016.

Sun Pharma Advanced Research Company Ltd ended at Rs. 292.45, up by Rs. 2.3 or 0.79% from its previous closing of Rs. 290.15 on the BSE.

The scrip opened at Rs. 288.25 and touched a high and low of Rs. 295.2 and Rs. 288 respectively. A total of 226819(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7164.01 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 446.84 on 17-Jul-2015 and a 52 week low of Rs. 243.43 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 304.9 and Rs. 285.85 respectively.

The promoters holding in the company stood at 67.4 % while Institutions and Non-Institutions held 8.57 % and 24.03 % respectively.

The stock traded above its 200 DMA.

Procter & Gamble down 3.2% post Q3 results

The company posted a net profit of Rs.973 mn for the quarter ended March 31, 2016 compared with Rs.868.9 mn for the quarter ended March 31, 2015.

Procter & Gamble Hygiene and Health Care Ltd slipped 3.2% to Rs.6,199. The company posted a net profit of Rs. 973 mn for the quarter ended March 31, 2016 compared with Rs.868.9 mn for the quarter ended March 31, 2015. 

The scrip opened at Rs. 6301 and touched a high and low of Rs. 6325 and Rs. 6140 respectively. A total of 11639(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20788.99 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 6981.6 on 01-Jul-2015 and a 52 week low of Rs. 5171 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 6469 and Rs. 6300 respectively.

The promoters holding in the company stood at 70.64 % while Institutions and Non-Institutions held 13.34 % and 16.02 % respectively.

The stock traded below its 50 DMA.

Aarti Drugs cracks 4.3%

The company reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period a year ago.

Aarti Drugs Ltd cracked 4.3% to Rs. 464. The company reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period last year.

The scrip opened at Rs. 485 and touched a high and low of Rs. 485 and Rs. 462.1 respectively. A total of 47977(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1174.65 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 775 on 31-Jul-2015 and a 52 week low of Rs. 443 on 30-Mar-2016. Last one week high and low of the scrip stood at Rs. 512 and Rs. 453.65 respectively.

The promoters holding in the company stood at 61.93 % while Institutions and Non-Institutions held 3.81 % and 34.26 % respectively.

The stock traded below its 200 DMA.

Wockhardt Q4 PAT at Rs. 42.9 crore; jumps 26% YoY

The total income was at Rs. 1,013.4 crore as against Rs. 1,079.1 Cr (YoY).

Wockhardt Q4 PAT stood at Rs. 42.9 crore

The total income was at Rs. 1,013.4 crore as against Rs. 1,079.1 Cr (YoY).

EBITDA margin was at 7.3% Vs 12.6% (YoY).

The Board recommended dividend at 0.01% (Rs. 0.0005 per Preference Share of Rs. 5/-each) absorbing a sum of Rs. 298,557/- on 475,659,941 Non-Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each and 121,454,927 Optionally Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each.

The divided, if declared by the Shareholder at the ensuing Annual General Meeting ('AGM') will be paid within 30 days from the date of the AGM.

Wockhardt Ltd ended at Rs. 936.65, down by Rs. 35.15 or 3.62% from its previous closing of Rs. 971.8 on the BSE.

The scrip opened at Rs. 970 and touched a high and low of Rs. 974.95 and Rs. 930 respectively. A total of 2065277(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10739.26 crore.

The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1748.2 on 02-Dec-2015 and a 52 week low of Rs. 706.35 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1026.5 and Rs. 962 respectively.

The promoters holding in the company stood at 74.19 % while Institutions and Non-Institutions held 10.39 % and 15.29 % respectively.

The stock traded below its 200 DMA.

ABG Shipyard plunges a whopping 15%

Promoters may have to give up control if they fail to bring in investment

ABG Shipyard Ltd was lower by 15% at Rs. 32. Promoters may have to give up control if they fail to attract investors. Lenders are likely to invite public bids to acquire majority stake in CO.  ABG owes Rs.11,000cr to a consortium of 22 Banks led by ICICI Bank, as per a CNBC TV18 report.

The scrip opened at Rs. 38.5 and has touched a high and low of Rs. 38.5 and Rs. 31.4 respectively. So far 7594350(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 206.94 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 210.75 on 24-Jul-2015 and a 52 week low of Rs. 38.3 on 05-May-2016. Last one week high and low of the scrip stood at Rs. 48 and Rs. 38.3 respectively.

The promoters holding in the company stood at 33.26 % while Institutions and Non-Institutions held 11 % and 55.74 % respectively.

The stock is currently trading below its 200 DMA.

Aurobindo Pharma receives USFDA nod for Fenofibrate Tablets

Aurobindo Pharma Ltd is currently trading at Rs. 799, down by Rs. 6.2 or 0.77% from its previous closing of Rs. 805.2 on the BSE.

Aurobindo Pharma Ltd has announced that it has received US FDA approval for Fenofibrate Tablets.

Aurobindo Pharma Ltd is currently trading at Rs. 799, down by Rs. 6.2 or 0.77% from its previous closing of Rs. 805.2 on the BSE.

The scrip opened at Rs. 805 and has touched a high and low of Rs. 807 and Rs. 795.15 respectively. So far 417263(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 47117.86 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 891.5 on 30-Dec-2015 and a 52 week low of Rs. 582 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 821.9 and Rs. 756 respectively.

The promoters holding in the company stood at 53.79 % while Institutions and Non-Institutions held 34.67 % and 11.54 % respectively.

The stock is currently trading above its 200 DMA.

Bank of India allots 1.6 crore equity shares to LIC

Bank of India has announced that it has allotted 10,14,82,527 equity shares of Rs. 10/- each to Government of India on a preferential basis.

Bank of India has announced that it has allotted shares to GOI on a preferential basis:

The bank alloted 10,14,82,527 equity shares of Rs. 10/- each to Government of India at a price of Rs.113.32 per share; 1,60,00,000 equity shares of Rs. 10/- each to Life Insurance Corporation of India at Rs.96.03 per share.

Bank of India is currently trading at Rs. 85.75, down by Rs. 0.15 or 0.17% from its previous closing of Rs. 85.9 on the BSE.

The scrip opened at Rs. 85.9 and has touched a high and low of Rs. 86.25 and Rs. 85.35 respectively. So far 758230(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7014.19 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 224 on 06-May-2015 and a 52 week low of Rs. 80.1 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 96.35 and Rs. 84.85 respectively.

The promoters holding in the company stood at 66.22 % while Institutions and Non-Institutions held 24.53 % and 9.25 % respectively.

The stock is currently trading below its 200 DMA.

GE Shipping slumps 3%; Q4 net profit falls 58%

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.582 million for the Quarter ended March 31, 2016 as compared to Rs. 1369.70 mn for the Quarter ended March 31, 2015.

GE Shipping Ltd was lower by 3% at Rs. 308. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 582 million for the quarter ended March 31, 2016 compared with Rs.1369.7 mn for the quarter ended March 31, 2015.

Total Income increased from Rs. 9028.7 million for the quarter ended March 31, 2015 to Rs. 9684.2 mn for the quarter ended March 31, 2016.

The scrip opened at Rs. 308.65 and has touched a high and low of Rs. 314 and Rs. 301.75 respectively. So far 67933(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4768.32 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420 on 10-Nov-2015 and a 52 week low of Rs. 275 on 02-Mar-2016. Last one week high and low of the scrip stood at Rs. 335 and Rs. 306.7 respectively.

The promoters holding in the company stood at 30.42 % while Institutions and Non-Institutions held 42.25 % and 27.02 % respectively.

The stock is currently trading below its 200 DMA.

Govt approves Infosys proposal to set up SEZ in Bengaluru

The decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia.

The government has approved proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares, according to reports.

Report says that decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia.

The Board granted more time to as many as 20 developers to complete their projects, says report.

Infosys Ltd ended at Rs. 1192.45, up by Rs. 2.9 or 0.24% from its previous closing of Rs. 1189.55 on the BSE.

The scrip opened at Rs. 1191 and touched a high and low of Rs. 1199 and Rs. 1181.85 respectively. A total of 3682854(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 273899.17 crore.

The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1267.9 on 18-Apr-2016 and a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1224.4 and Rs. 1171.55 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.69 % and 29.07 % respectively.

The stock traded above its 50 DMA.

Indiabulls Housing Finance to raise Rs. 50 crore

Indiabulls Housing Finance Limited has announced that the Company proposes to issue 500 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs. 50 Crores plus Greenshoe Option, on Private Placement basis.

Indiabulls Housing Finance Limited has announced that the Company proposes to issue 500 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs. 50 Crores plus Greenshoe Option, on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on September 7, 2015, on the terms and conditions.

Indiabulls Housing Finance Ltd ended at Rs. 669.2, up by Rs. 0.4 or 0.06% from its previous closing of Rs. 668.8 on the BSE.

The scrip opened at Rs. 670.6 and touched a high and low of Rs. 685.1 and Rs. 664.2 respectively. A total of 5541466(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28197.26 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 820 on 10-Aug-2015 and a 52 week low of Rs. 518 on 07-May-2015. Last one week high and low of the scrip stood at Rs. 703.65 and Rs. 661.35 respectively.

The promoters holding in the company stood at 24.19 % while Institutions and Non-Institutions held 60.63 % and 14.47 % respectively.

The stock traded above its 200 DMA.

NMDC ties up with ISRO for mineral mapping

A Memorandum of Understanding (MoU) was signed between NMDC and ISRO’s National Remote Sensing Centre in Hyderabad on Thursday, says the financial newspaper.

NMDC Ltd has partnered with Indian Space Research Organisation (ISRO) to make use of satellite-based geological mapping capability for mineral exploration, reports a business daily.

A Memorandum of Understanding (MoU) was signed between NMDC and ISRO’s National Remote Sensing Centre in Hyderabad on Thursday, says the financial newspaper.

L.N. Mathur, ED (Resource Planning & Safety) and P.G. Diwakar, Deputy Director, Remote Sensing Application Area, NRSC, signed the MoU on behalf of NMDC and NRSC, respectively.

With this, NMDC can now use satellite technology for mineral exploration and a host of other related ventures.

NMDC becomes the first company under the Union Steel Ministry to use satellite-based geological mapping.

Under the MoU, NMDC will establish a Remote Sensing and GIS Laboratory at its head office in Hyderabad for interpretation of satellite data.

Top 15 stocks in focus today: Bharti Airtel, Wockhardt, Hero MotoCorp

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

Bharti Airtel: The telecom company said its Netherlands-based subsidiary has signed a definitive agreement to sell-and-leaseback about 950 telecommunications towers in the Democratic Republic of Congo to Helios Tower Africa. Gopal Vittal, CEO for India and South Asia, said he expects the Reliance Industries unit to make a "forceful launch", but show "semblance of rationality" in pricing its services. 

Hero MotoCorp: Hero MotoCorp reported standalone net profit of Rs. 814.16 crore for the quarter ended March 31, 2016, registering growth of 70.85% yoy and 2.31% qoq.

Wockhardt: Wockhardt Ltd, one of the leading drug makers in India, will announce its Q4 result today. IIFL estimates that the company’s net profit is likely to rise to Rs. 38 crore at 16.5% yoy and; however, the same is expected to fall 27.5% qoq.  


Yes Bank: Yes Bank has been granted an in-principle approval by Securities and Exchange Board of India (SEBI) for acting as Custodian of Securities.

MRPL: Mangalore Refinery & Petrochemicals Ltd (MRPL) has started to shut down the refinery’s phase-III units following acute water scarcity, reports a business daily.

ITC: ITC Ltd has announced that the Supreme Court on May 4, 2016 passed an Order transferring to the Karnataka High Court all writ petitions pending in various Courts challenging the Rules prescribing 85% pictorial warnings on packages of tobacco products.

Jindal Steel & Power Ltd: JSPL will sell certain steel and mining assets and will expand its power business portfolio into renewable energy and transmission and distribution (T&D), CEO Ravi Uppal has been quoted as saying by a business daily.

Eicher Motors: The company’s consolidated revenue stood at Rs. 3,764.87 crore, up 46.61% yoy and 13.52% qoq. Royal Enfield is planning to invest Rs. 600 crore, according to reports.

Aarti Drugs: Aarti Drugs Ltd reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period last year. 

Raymond Ltd: Raymond Ltd is reducing its capital expenditure from INR 300 crore in FY16 to INR 250 crore in the current fiscal year, reports a business daily.

Emami: The company’s consolidated revenue stood at Rs. 670.77 crore, up 21.15% yoy but down 14.93% qoq.

Godrej Consumer Products: Godrej Consumer Products has announced that it has completed the acquisition of 75% equity stake in Canon Chemicals Limited.

NMDC Ltd: NMDC Ltd has partnered with Indian Space Research Organisation (ISRO) to make use of satellite-based geological mapping capability for mineral exploration, reports a business daily.

Infosys: The government has approved proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares, according to reports.

Indiabulls Housing Finance: Indiabulls Housing Finance has announced that the Company proposes to issue 500 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs. 50 Crores plus Greenshoe Option, on Private Placement basis.

Procter &Gamble: Procter & Gamble Hygiene and Health Care Ltd posted a net profit of Rs. 973.00 mn for the quarter ended March 31, 2016 as compared to Rs. 868.90 mn for the quarter ended March 31, 2015. 

Larsen & Toubro: Larsen & Toubro Infotech (L&T Infotech),  IT services & solutions companies and a subsidiary of Larsen & Toubro, signed a multi-year contract with Elkjøp Nordic AS to provide end-to-end Infrastructure Management and Datacenter services.