Friday, 29 July 2016


Ajanta Pharma Ltd is currently trading at Rs. 1757.25, up by Rs. 31.65 or 1.83% from its previous closing of Rs. 1725.6 on the BSE.

Ajanta Pharma Limited announces the receipt of final approval for Omeprazole and Sodium Bicarbonate Powder for Oral Suspension from US FDA. It is a bioequivalent generic version of Zegerid1 Powder for Oral Suspension and the company will be launching the product soon in 2 strengths 20 mg / 1680 mg & 40 mg / 1680 mg Powder Sachets.

This new approval is part of an ever growing portfolio of products that Ajanta has developed for the US market. In total, Ajanta has 26 Abbreviated New Drug Application (ANDA) of which it has final approvals for 12 ANDAs; tentative approvals for 1 ANDA; and 13 ANDAs are under review with US FDA. 

The scrip opened at Rs. 1725 and has touched a high and low of Rs. 1776.75 and Rs. 1720.1 respectively. So far 131356(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 15186.14 crore. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1745 on 26-Jul-2016 and a 52 week low of Rs. 1103 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 1745 and Rs. 1601.7 respectively. The promoters holding in the company stood at 73.78 % while Institutions and Non-Institutions held 12.06 % and 14.16 % respectively. The stock is currently trading above its 50 DMA.

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Blue Dart Express Limited, South Asia's premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended June 30, 2016, at its Board Meeting held in Mumbai.

The company posted Rs.44.08 crores profit after tax for the quarter ended June 30, 2016. Net Sales/Income from operations for the quarter ended June 30, 2016 stood at Rs.621.37 crores.

Anil Khanna, Managing Director, Blue Dart said, "Our focus on delivering a positive customer experience and delight is unwavering. Our people and strategy is aligned to cater to India’s express logistics requirements. Despite a restrained macro-economic environment, our commitment to India’s business has been strengthened with our continued investments in technology, aviation and ground infrastructure, focus on core express products/services in air, ground and e-tail”.

He adds, "Blue Dart was once again ranked as one of India’s Best Companies to Work for in 2016 by Great Place to Work Institute, India. The company was ranked 17th amongst Top 50 of India’s Best Companies to Work, up by 7 positions from our 2014 ranking of 24th. Blue Dart continues to be a Superbrand for the 8th consecutive year and Reader’s Digest Most Trusted Brand for the 10th consecutive time”.

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Axis Bank signed an MoU to distribute LIC’s multiple life insurance products to their customers. This is one of the largest Bancassurance partnerships after the recent IRDA regulations issued on open architecture framework for banks.

Life Insurance Corporation of India, India’s largest life insurance company with a market share of 76.8% in policies and 70.4% in first premium, and Axis Bank, India’s third largest private sector bank with widespread network of 3006 branches (including extension counters), signed an MoU to distribute LIC’s multiple life insurance products to their customers. This is one of the largest Bancassurance partnerships after the recent IRDA regulations issued on open architecture framework for banks. In the preliminary phase, the bank will distribute LIC’s life insurance products across its branches in West Bengal, Bangalore and Haryana – Panchkula. Additionally, the bank will also provide post sales services such as premium collection and renewal of policies.

Mukesh Gupta, Executive Director, Bancassurance, LIC expressed that “The coming together of the two major reputed organisations would enable them to combine and utilise the synergies for enhancing customer satisfaction and for serving social objectives of the nation”.

Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank added “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”

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Sun Pharmaceutical Industries Ltd said it entered into USD50mn licensing agreement with Spanish firm Almirall for the development and commercialisation of tildrakizumab for psoriasis in Europe. (BS)

State Bank of India will refinance debt of Rs280bn that will be transferred to the entity emerging from merger of the wireless business of Reliance Communications and Aircel. (ET)

RPG Life Sciences has bought seven brands of Sun Pharma at a deal value of Rs410mn and is expected to give RPG extra room to expand in the nearly USD5bn domestic market. (ET) 

L&T Infotech has announced a strategic partnership with GE Digital combining LTI's diverse industrial capabilities with GE's Predix cloud-based operating system for the Industrial Internet. (BS)

Kirloskar Ferrous Industries said it will acquire VSL Steels's pig iron plant for Rs1.55bn in cash. (ET)

Zen Technologies announced its biggest export order till date, of about Rs300mn from Egypt. The Ministry of Defence (MoD), Egypt, has chosen Zen Technologies to provide a range of training equipment including Smart Target Systems. (BS)

Kesoram Industries will be infusing Rs6bn for acquiring a mining land and in the tyre business in the current fiscal. (ET)

Vijay Mallya would continue to be chairman of United Breweries (UB), majority stake held by Heineken, after a legal panel gave its affirmation for the liquor baron to continue in office. (BS)

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Adlabs Entertainment Limited operates Imagica – Theme Park, Water Park, Snow Park and a family hotel Novotel Imagica Khopoli announced its unaudited Financial Results for the Quarter ending 30th June 2016.

Performance highlights for the Quarter ended June 30th, 2016:

Revenues increase by 7.5% to Rs.85.95 crore vis-a-vis Rs. 80.01 crore in Q1FY16. EBITDA increase by 22.5% to Rs. 30.23 crore vs. EBITDA Rs. 24.72 crore in the FY16. Achieved Cash profit in Q1.
Footfalls of the parks, Theme park, Water Park and Snow Park put together stand at 5.15 lacs, vis-a- vis 5.39 lacs in Q1FY16.

Commenting on the results, Mr. Kapil Bagla, CEO, Adlabs Entertainment Limited said,"The Revenues for Q1FY17 stands at Rs. 85.95 crores vis-a-vis Rs. 80.01 crore in the Q1FY16, signifying the growth of 7.5% on a YoY basis. The EBITDA for Q1 was Rs. 30.23 crore verses EBITDA Rs. 24.72 crore in the corresponding Quarter showing a growth of 22.5%. The EBITDA margins have improved to 35% from 30% in the last year. For the first time in this quarter we have achieved Cash profit of Rs. 0.51 lacs.

In this quarter we have been able to increase our overall realisation (ARPU) by 18%, The ticketing ARPU is up by 21% and the gross realisation including service tax is up by approx. 35%. Further the non-ticketing ARPU has also grown by 11%. Hotel Novotel Imagica continues with its good performance in Q1 as well with the average occupancy at 87% and the average ARR stood at 6,800+. The Imagica Snow Park, which was launched in April have received a great response from the guest. We have been able to add 21% of the footfalls to the Snow Park.

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Muthoot Finance Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016 :

The Company has posted a net profit of Rs.2702.682 million for the quarter ended June 30, 2016 as compared to Rs.1831.599 million for the quarter ended June 30, 2015. Total Income has increased from Rs.11426.184 million for the quarter ended June 30, 2015 to Rs.13008.193 million for the quarter ended June 30, 2016.

Muthoot Finance Ltd is currently trading at Rs. 331.5, up by Rs. 12.85 or 4.03% from its previous closing of Rs. 318.65 on the BSE. The scrip opened at Rs. 330 and has touched a high and low of Rs. 340 and Rs. 328.6 respectively. So far 517978(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12715.76 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 323 on 28-Jul-2016 and a 52 week low of Rs. 152 on 23-Sep-2015. Last one week high and low of the scrip stood at Rs. 323 and Rs. 263 respectively. The promoters holding in the company stood at 74.63 % while Institutions and Non-Institutions held 20.49 % and 4.88 % respectively. The stock is currently trading above its 50 DMA.

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Thursday, 28 July 2016



Hindustan Construction Company Ltd has announced the Unaudited Standalone results for the quarter ended June 30, 2016. The company has posted a net profit of Rs.108.80 million for the quarter ended June 30, 2016 as compared to Rs.92.60 million for the quarter ended June 30, 2015.

Total Income has increased from Rs.10,313.30 million for the quarter ended June 30, 2015 to Rs.10,424.50 million for the quarter ended June 30, 2016.

Hindustan Construction Company Ltd is currently trading down on the BSE. The scrip opened at Rs. 23.95 and has touched a high and low of Rs. 24.35 and Rs. 23.4 respectively. So far 5281210(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1838.82 crore.


The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.2 on 21-Oct-2015 and a 52 week low of Rs. 16.35 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 24.75 and Rs. 22.55 respectively.

The promoters holding in the company stood at 36.07 % while Institutions and Non-Institutions held 23.91 % and 40.03 % respectively. The stock is currently trading above its 200 DMA.

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Moil Ltd has informed BSE that the company has fixed August 8 as the Record date for the purpose of determining the entitlement and names of the shareholders, who are eligible to participate in the Buyback offer of fully paid-up Equity Shares of the Company.

These are not exceeding 3,48,12,196 equity shares of the Company (representing 20.72% of the total number of equity shares in the fully paid up shares of the Company) at a price of Rs.248 per equity share payable in cash) for an aggregate consideration not exceeding Rs.863,34,24,739 which is not exceeding 25% of the aggregate of the fully paid up share capital and free reserves as per the audited accounts of the Company for the financial year ended March 31, 2016.

MOIL Ltd is currently trading at Rs. 248, up by Rs. 0.6 or 0.24% from its previous closing of Rs. 247.4 on the BSE. The scrip opened at Rs. 249.4 and has touched a high and low of Rs. 249.5 and Rs. 246.65 respectively. So far 31810(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4156.32 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 255 on 03-Jun-2016 and a 52 week low of Rs. 180.1 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 251.2 and Rs. 238.1 respectively. The promoters holding in the company stood at 80% while Institutions and Non-Institutions held 9.78 % and 10.22 % respectively. The stock is currently trading above its 50 DMA.

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Indian Hume Pipe hit 20% upper circuit after the company reported 311.17% rise in net profit at Rs.26 crore for the quarter ended June 30, 2016 against Rs.6.32 crore in the corresponding quarter a year ago.

The scrip opened at Rs. 544.1 and has touched a high and low of Rs. 544.1 and Rs. 516 respectively. So far 217142(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1097.35 crore. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 455.9 on 27-Jul-2016 and a 52 week low of Rs. 272.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 455.9 and Rs. 378.05 respectively.

The promoters holding in the company stood at 69.92 % while Institutions and Non-Institutions held 5.14 % and 24.94 % respectively. The stock is currently trading above its 200 DMA.

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