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EUROPEAN MARKETS UPDATE: FTSE-26, CAX-19, DAX-32

 

WOCKHARD PHARMA Q2 PAT Rs.108cr vs Rs.4cr yoy, vs Rs.114cr qoq

 

EVEREADY Q2 PAT Rs.14cr vs Rs.18cr yoy, vs Rs.16cr qoq

 

Shipping Corporation of India reports over eight fold jump in Q2 net profit

The company’s total income has decreased by 1.02% to Rs 1138.57 crore for the quarter under review
Shipping Corporation of India (SCI) has reported results for second quarter ended September 30, 2015.

The company has reported over eight fold jump in its net profit at Rs 161.21 crore for the quarter ended September 30, 2015 as compared to Rs 18.59 crore for the same quarter in the previous year. However, the company’s total income has decreased by 1.02% to Rs 1138.57 crore for the quarter under review from Rs 1150.27 crore for the corresponding quarter of the previous year.

SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.
source: ventura

 

Kaveri Seed Company reports consolidated net loss of Rs 47.52 crore in Q2

Total income of the company has decreased by 52.56% at Rs 98.86 crore for quarter under review
Kaveri Seed Company has reported results for the second quarter ended September 30, 2015.

The company has reported net loss of Rs 46.75 crore for the quarter as ended September 30, 2015 compared to a net profit of Rs 32.59 crore for the same quarter in the previous year. Total income has decreased by 52.03% at Rs 89.28 crore for quarter under review as compared to Rs 186.13 crore for the quarter ended September 30, 2014.

On consolidated basis, the company has reported net loss after taxes & minority interest of Rs 47.52 crore for the quarter ended September 30, 2015 as compared to a net profit of Rs 33.52 crore for the same quarter in the previous year. Total income of the company has decreased by 52.56% at Rs 98.86 crore for quarter under review as compared to Rs 208.39 crore for the quarter ended September 30, 2014.
source : ventura

 

Wipro ranked among Top 3 at Asian MAKE Awards 2015

The 2015 Asian MAKE panel recognised Wipro for creating a knowledge-driven enterprise culture
Wipro, a leading global information technology, consulting and business process services company, has been recognized among the top 3 companies who have been awarded the Asian MAKE (Most Admired Knowledge Enterprise) Award. The MAKE Awards are administered by Teleos, an independent research firm based in the United Kingdom. The winners for the Asian MAKE award are selected by a panel of Fortune Global 500 senior executives and leading knowledge management (KM) and intellectual capital experts, based in Asia.

The 2015 Asian MAKE panel recognised Wipro for creating a knowledge-driven enterprise culture. This is the thirteenth consecutive year that Wipro has been recognised as an Asian MAKE Winner. The Asian MAKE study recognises Asian head quartered organisations for their ability to create shareholder value by transforming new as well as existing enterprise knowledge into superior products, services and solutions.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. The company delivers winning business outcomes through its deep industry experience and a 360 degree view of Business through Technology - helping clients create successful and adaptive businesses.
source : ventura

 

NATCO PHARMA Q2 cons PAT Rs.29.6cr vs Rs.32cr yoy, vs Rs.28cr qoq

 

I am sorry, I forgot to mention that I hold these stocks (Blis GVS, Allahabad Bank, Butterfly Gandhimati, Pennar Ind., Graphite India, Maxwell Ind., Genus Power) and wanted your opinion on whether I should continue to hold or exit.

 

Dear New_Investor ,
Market Nifty already correct from high 9119 to 7760 ....fall nearly 1359 points
15 % nearly fall ... so wait for recovery and sell every rally
my view is exit slowly from Allahabad bank , Maxwell Ind , Pennar Ind

ALL THE BEST

 

Sir
Pennar Inc. Posted good set of numbers. India nivesh has strong buy on the stock. Also value unlocking on a/c of demerger is on the cards. Right to exit now or add due to its price correction from the levels of 70s?

 

Demerger is already over. Daljeetji was expecting that demerger would help Pennar industries stock to run. But that did not happen.

 

Pennar is a good stock. Very old history. Don't be in a hurry. Such stocks take time to deliver. There is safety in them due to management quality and business model.

 

Already demerged mean by way of listing Pennar engineerd? If so how does it help value unlocking without allotting shares to pennanr Ind. Shareholders?

 

I think the value unlocking referred to is that PEBS will now get its full value and that will get reflected in Pennar through the shareholding. Also, Pennar will be able to focus on its own core activity and that has its own advantages.

 

Sandur Manganese to acquire balance 18.76% equity stake in SMPPL

The board has accorded its approval for taking on lease, for a period of three years, the Ferro Alloy Plant and Captive Power Plant from its subsidiary SMPPL
Sandur Manganese & Iron Ores has received an approval for acquisition of balance 18.76% comprising 1,73,75,000 number of equity shares of Star Metallics and Power (SMPPL) to make it a wholly owned subsidiary (WoS). The board of director at their meeting held on November 14, 2015 has approved for the same. The company is already holding 81.24% of the equity share capital of SMPPL.

Further, the board has accorded its approval for taking on lease, for a period of three years, the Ferro Alloy Plant and Captive Power Plant from its subsidiary SMPPL.

Sandur Manganese & Iron Ores is engaged in the business of low phosphorous, manganese and iron ores mining.
source :ventura

 

Bse HCLTECH 5.68 lacs @ 829.40 value 47.13 crs
Nse HCLTECH 1.19 crs @ 835.50 value 9.94 crs

 

Jaiprakash Associates reports net loss of Rs 537.75 crore in Q2

Total income of the company has decreased by 10.09% at Rs 2465.43 crore for the quarter under review
Jaiprakash Associates has reported results for second quarter ended September 30, 2015.

The company has reported a net loss of Rs 537.75 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 169.18 crore for the same quarter in the previous year. Total income of the company has decreased by 10.09% at Rs 2465.43 crore for the quarter under review as compared to Rs 2742.21 crore in the corresponding quarter of the previous year.

Jaiprakash Associates (JAL) is an India-based diversified infrastructure conglomerate. JAL's business sectors include engineering and construction; manufacturing and marketing of cement; energy (power and transmission); expressways; real estate, and hospitality.
source : ventura

 

Jammu & Kashmir Bank reports 14% growth in Q2 net profit

The bank’s total income has decreased by 1.88% to Rs 1847.84 crore for the quarter under review
Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2015.

The bank has reported 13.53% rise in its net profit at Rs 195.62 crore for the quarter ended September 30, 2015 as compared to Rs 172.3 crore for the same quarter in the previous year. However, the bank’s total income has decreased by 1.88% to Rs 1847.84 crore for the quarter under review from Rs 1883.16 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of the bank have increased to 6.46% for the quarter as against 4.73% in the same quarter previous year. Besides, bank’s Net NPA stood at 2.78% in Q2FY16.
source : ventura

 

GMR Infrastructure reports consolidated net loss of Rs 398.67 crore in Q2

Total income of the company has increased by 14.40% at Rs 3184.11 crore for quarter under review
GMR Infrastructure has reported results for second quarter ended September 30, 2015.

The company has reported a net loss of Rs 1.35 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 18.05 crore for the same quarter in the previous year. However, the company’s total income has increased by 21.95% to Rs 182.21 crore for the quarter under review from Rs 149.41 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported a net loss after taxes, minority interest and share of loss of associates of Rs 398.67 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 609.86 crore for the same quarter in the previous year. However, total income of the company has increased by 14.40% at Rs 3184.11 crore for quarter under review as compared to Rs 2783.22 crore for the quarter ended September 30, 2014.
source : ventura

 

Jindal Steel & Power to sell captive power plants aggregating to 920 MW capacity

The company will sell plants situated at Angul, Odisha (6 x 135 MW) and at Raigarh, Chhattisgarh (2 x 55 MW)
Jindal Steel & Power (JSPL) has received an approval for sale of captive power plants (CPP) of the company situated at Angul, Odisha (6 x 135 MW) and at Raigarh, Chhattisgarh (2 x 55 MW) aggregating to 920 MW capacity to JPL wherein JSPL owns 96.43% shareholding, at a fair market value determined by an independent valuer appointed by the board. The board of directors at its meeting held on November 14, 2015 has given an approval for the same.

The above is subject to the approval of the shareholders and other approvals, as may be required. This transaction, once completed, will help in obtaining operational economies, consolidating and effectively managing power business and maximizing the value of business at JPL level.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
source : ventura