Tag: companies

Ashok Leyland February sales up 5% to 14,067 units

Ashok Leyland February sales up 5% to 14,067 units

01/03/2017 12:57

Hinduja Group flagship Ashok Leyland said that it has registered a 4.93 per cent increase in total sales at 14,067 units in February.

The company had sold 13,406 units in the same month last year.

Sales of heavy and medium commercial vehicles grew by 4.88 per cent to 11,329 units last month as against 10,801 units in the year-ago period, the company said in a statement.

Light commercial vehicle sales rose by 5.1 per cent to 2,738 units compared to 2,605 in February last year, it added.

Meanwhile, shares of the company were trading at Rs 90.05 apiece, down 0.55 per cent from the previous close at 13:00 hours on BSE.

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Markets reverse losses; consumer durables, metal stocks support

20/02/2017 11:37

Tracking positive cues from fellow Asian peers, Indian equity benchmarks turned positive during late morning deals on Monday after having opened lower, led by increased buying mainly in the consumer durables and metal sector stocks.

At 11:09 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,517.53 up by 48.78 points or 0.17 per cent while the NSE Nifty was at 8,836.3 up by 14.6 points or 0.17 per cent.

Also, investors keenly eyed the minutes of the US Fed meeting this week for possible insight into how members see Trump’s polices, supported the sentiment at the domestic markets.

Meanwhile, caution prevailed ahead of the derivatives expiry on Thursday.

Shares of IT giant Tata Consultancy Services Ltd rose over 1 per cent ahead of the board meeting today to consider a buyback.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 378.25,+2.37%), GAIL (India) Ltd. (Rs. 519.05,+1.82%), Tata Steel Ltd. (Rs. 475.35,+1.58%), Tata Consultancy Services Ltd. (Rs. 2445.95,+1.57%), Sun Pharmaceutical Industries Ltd. (Rs. 683.00,+1.12%), among others.

Major show spoilers were Mahindra & Mahindra Ltd. (Rs. 1304.85,-0.91%), ITC Ltd. (Rs. 265.95,-0.86%), Housing Development Finance Corporation Ltd. (Rs. 1393.80,-0.59%), Axis Bank Ltd. (Rs. 486.85,-0.44%), Cipla Ltd. (Rs. 590.30,-0.39%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,563 shares traded, 1,613 advanced while 807 shares declined and 143 remained unchanged.

On the global front, Asian markets were trading in the green, with China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei 225 were rose nearly 0.71 per cent, 0.35 per cent and 0.15 per cent respectively.

Dredging Corp jumps over 3% on winning contract

27/01/2017 11:01

Shares of Dredging Corporation of India rose over 3 per cent on the Bombay Stock Exchange after the company said that it has bagged 102 crore international contract for dredging in Pussur Channel from Mongla Port to Rampal Power Plant, Bangladesh.

Following the announcement, shares of company gained as much as 3.60 per cent to hit intra-day high of Rs 496.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm advanced 1.68 per cent to Rs 488.85 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,951.10, up 242.96 points, or 0.88 per cent, at 10:50 hours.

Hindalco Ind gains nearly 3% on robust earnings from Novelis

Hindalco Ind gains nearly 3% on robust earnings from Novelis

08/11/2016 11:58

Shares of Hindalco Industries rose nearly 3 per cent on the Bombay Stock Exchange after the company’s wholly owned subsidiary, Novelis, reported strong earnings for the second quarter ended September 30, 2016.

Riding high on robust earnings from Novelis, shares of company gained as much as 2.83 per cent in intra-day to trade at Rs 172.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 2.00 per cent to Rs 170.95 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,469.23, up 10.24 points, or 0.04 per cent, at 11:55 hours.

Agro Phos India IPO to close on Nov 7

Agro Phos India IPO to close on Nov 7

04/11/2016 12:09

Indore, Madhya Pradesh based Agro Phos India Limited, one of the distinguished processors, suppliers, marketers and exporters of a wide range of effective fertilizers, is all set with the initial public offering (IPO) of 58,80,000 shares of Rs 10 each in a price band Rs 19-22 per equity share.

The issue opened on October 27, 2016 and will close on November 07, 2016.

Book running lead manager to the issue are Pantomath Capital Advisors and Indian Overseas Bank.

The shares of the company will be listed on NSE Emerge platform.

Markets remain rangebound: Tata Steel, ICICI Bank shares advance

03/11/2016 10:24

The key domestic benchmark indices were trading near the flat line in rangebound trade in the morning trading session tracking weakness globally as heightened investor caution ahead of the US Presidential elections curbed risk taking appetite.

Some support came later with a survey of Federation of Indian Chambers of Commerce and Industry (Ficci), which said that India Inc believes the economy is faring better and is optimistic about demand rising.

Shares of Ambuja Cements, EIH, ICRA and Whirlpool of India will remain in focus as these companies reveal their September quarter earnings. Investors will also eye the India Services PMI for the month of October which will offer further cues over the health of Asia’s third biggest economy.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27561.6 up by 34.38 points or by 0.12 per cent, while the NSE Nifty was at 8531.75 points, trading higher by 17.75 points or by 0.21 per cent.

The BSE Sensex touched an intraday high of 27578.88 and an intraday low of 27446.31 while the NSE Nifty touched an intraday high of 8532.05 and an intraday low of 8489.6.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 418.60,+1.20 per cent), ICICI Bank Ltd. (Rs. 275.10,+1.20 per cent), GAIL (India) Ltd. (Rs. 432.40,+0.84 per cent), Hero MotoCorp Ltd. (Rs. 3348.45,+0.73 per cent), Hindustan Unilever Ltd. (Rs. 847.00,+0.66 per cent), among others.

Meanwhile, Oil And Natural Gas Corporation Ltd. (Rs. 269.55,-2.81 per cent), Asian Paints Ltd. (Rs. 1052.90,-0.86 per cent), Infosys Ltd. (Rs. 973.50,-0.77 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 709.95,-0.66 per cent), NTPC Ltd. (Rs. 155.20,-0.58 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2351 shares traded, 1700 shares advanced, 572 shares declined while 79 were unchanged.

On the global front, Asian stocks were trading lower today as traders weighed reduced odds of Democrat Hillary Clinton’s victory in the upcoming November 8, 2016 US Presidential elections following the reopening of an FBI investigation into the use of an unauthorized e-mail server, making investors nervous. US stocks closed lower in the previous trading session as tumbling crude prices and investor anxiety surrounding the US elections overshadowed the Fed’s decision to keep interest rates on hold.

Advanced Enzyme IPO to hit markets tomorrow: Media Report

19/07/2016 14:02

Advanced Enzyme Technologies will hit the capital markets tomorrow to raise around Rs 412 crore, said the media report.

The company is selling equity shares with face value of Rs 10 each at a price of Rs 880-896 aggregating to Rs 50 crore and an offer for sale by promoter group shareholders, along with Kotak Employees Investment Trust, Kotak India Venture Fund I and Kotak India Venture (Offshore) Fund.

The offer opens on July 20 and closes on July 22.

ICICI Securities and Axis Capital are the lead managers to the issue.

Airtel acquires 20 MHZ spectrum rights from Aircel

11/07/2016 09:55

Leading telecom company, Bharti Airtel has said that it has acquired the rights to use 20 MHz 2300 Band 4G TD spectrum from Aircel.

“The Company are pleased to share that the proposed transaction has successfully concluded for 6 out of 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam and North East, following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines),” the company said in a filing to the Bombay Stock Exchange.

The Company shall update the stock exchanges when the transactions for the remaining circles of Andhra Pradesh and Orissa are completed.

Meanwhile, shares of the company were trading at Rs 362.65 apiece, up 2.15 per cent from the previous close at 09:55 hours on BSE.