Todays Market Nifty 8638.50 (-27.80) (-0.32%)

Sensex 28051.86 (-156.76) (-0.56%)

Pidilite Industries standalone net profit rises 20.29% in the June 2016 quarter

Net profit of Pidilite Industries rose 20.29% to Rs 272.38 crore in the quarter ended June 2016 as against Rs 226.43 crore during the previous quarter ended June 2015. Sales rose 4.95% to Rs 1362.67 crore in the quarter ended June 2016 as against Rs 1298.36 crore during the previous quarter ended June 2015.

Karnataka Bank standalone net profit rises 11.16% in the June 2016 quarter

Net profit of Karnataka Bank rose 11.16% to Rs 121.54 crore in the quarter ended June 2016 as against Rs 109.34 crore during the previous quarter ended June 2015. Total Operating Income rose 2.57% to Rs 1260.60 crore in the quarter ended June 2016 as against Rs 1229.05 crore during the previous quarter ended June 2015.

Todays Market Nifty 8666.30 (+ 50.50) (+0.59%)

Sensex 28208.62 (+184.29) (+0.66%)

Syndicate Bank standalone net profit declines 73.80% in the June 2016 quarter

Net profit of Syndicate Bank declined 73.80% to Rs 79.13 crore in the quarter ended June 2016 as against Rs 301.98 crore during the previous quarter ended June 2015. Total Operating Income rose 0.72% to Rs 5864.63 crore in the quarter ended June 2016 as against Rs 5822.65 crore during the previous quarter ended June 2015.

Punjab National Bank standalone net profit declines 57.49% in the June 2016 quarter

Net profit of Punjab National Bank declined 57.49% to Rs 306.36 crore in the quarter ended June 2016 as against Rs 720.71 crore during the previous quarter ended June 2015. Total Operating Income declined 3.82% to Rs 11574.94 crore in the quarter ended June 2016 as against Rs 12034.69 crore during the previous quarter ended June 2015

Todays Market Nifty 8615.80 (+25.15) (+0.29%)

Sensex 28024.33 (+47.81) (+0.17%)

Bajaj Auto consolidated net profit rises 13.77% in the June 2016 quarter

Net profit of Bajaj Auto rose 13.77% to Rs 1039.70 crore in the quarter ended June 2016 as against Rs 913.86 crore during the previous quarter ended June 2015. Sales rose 2.78% to Rs 5643.61 crore in the quarter ended June 2016 as against Rs 5490.85 crore during the previous quarter ended June 2015.

Shriram Transport Finance gains after announcing good Q1 results

The result was announced during market hours today, 27 July 2016.

Meanwhile, the BSE Sensex was up 64.33 points, or 0.23% to 28,040.85.

On BSE, so far 1.15 lakh shares were traded in the counter, compared with an average volume of 35,000 shares in the past two weeks. The stock hit high of Rs 1,265.95 and low of Rs 1,205.

Shriram Transport Finance Companys net interest income rose 18.53% to Rs 1346.10 crore in Q1 June 2016 over Q1 June 2015. Total Assets under Management as on 30 June 2016 stands at Rs 74808.46 crore as compared to Rs 60531.72 as on 30 June 2015.

Shriram Transport Finance Company is the largest asset financing NBFC. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks.

Glenmark Pharma gains after receiving USFDA approval for a drug

The announcement was made before market hours today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 189.28 points or 0.68% at 28,165.80.

On BSE, so far 6,446 shares were traded in the counter, compared with an average volume of 40,502 shares in the past one quarter. The stock hit a high of Rs 849.70 and a low of Rs 838.55 so far during the day. The stock hit a record high of Rs 1,261.95 on 21 August 2015. The stock hit a 52-week low of Rs 671.50 on 12 February 2016. The stock had outperformed the market over the past one month till 26 July 2016, rising 10.43% compared with 5.98% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 1.37% as against Sensexs 7.57% rise.

The large-cap company has an equity capital of Rs 28.22 crore. Face value per share is Re 1.

Glenmark Pharmaceuticals announced that Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Potassium Chloride Extended-Release Tablets USP, 10 mEq (750 mg) and 20 mEq (1500 mg), the generic version of K-Dur (Potassium Chloride) Extended-Release Tablets, 10 and 20 mEq of Merck Sharp and Dohme Corp. The generic version is no longer being marketed in the United States.

According to IMS health sales data for the 12 month period ending May 2016, the K-Dur (Potassium Chloride) Extended-Release Tablets, 10 and 20 mEq market achieved annual sales of around $283.20 million in the US.

On a consolidated basis, Glenmark Pharmaceuticals net profit jumped 1516.31% to Rs 171.49 crore on 24% rise in net sales to Rs 2174.02 crore in Q4 March 2016 over Q4 March 2015.

Glenmark Pharmaceuticals is a research-driven, global, integrated pharmaceutical organization headquartered at Mumbai, India. Glenmark has several molecules in various stages of clinical development and is primarily focused in the areas of Inflammation (asthma/COPD, rheumatoid arthritis etc.) and pain (neuropathic pain and inflammatory pain).

Todays Market Nifty 8590.65 (-  45.00) (-0.52%)

Sensex 27976.52 (-118.82) (-0.42%)

Dr Reddys Laboratories consolidated net profit declines 77.25% in the June 2016 quarter

Net profit of Dr Reddys Laboratories declined 77.25% to Rs 146.20 crore in the quarter ended June 2016 as against Rs 642.50 crore during the previous quarter ended June 2015. Sales declined 14.05% to Rs 3212.30 crore in the quarter ended June 2016 as against Rs 3737.20 crore during the previous quarter ended June 2015.

Todays Market Nifty 8541.20 (+31.10) (+0.37%)

Sensex 27803.24 (+92.72) (+0.33%)

Reliance Defence gains after signing sub-concession agreement with Gujarat Maritime Board

The announcement was made during market hours today, 22 July 2016.

Meanwhile, the S&P BSE Sensex was up 76.15 points or 0.27% at 27,785.52.

On BSE, so far 4.65 lakh shares were traded in the counter as against average daily volume of 4.88 lakh shares in the past one quarter. The stock hit high of Rs 66.90 and low of Rs 63.80 so far during the day. The stock had underperformed the market over the past one month till 21 July 2016, falling 2.29% compared with Sensexs 3.35% rise. The scrip had also underperformed the market in past one quarter, dropping 5.12% as against Sensexs 7.07% rise.

The mid-cap company has equity capital of Rs 736.21 crore. Face value per share is Rs 10.

Reliance Defence & Engineering said that the sub-concession agreement (SCA) is for a period of 30 years expiring in June 2046. The term of SCA may be further extended. The SCA grants sub-concession, right and authority to Reliance Defence & Engineering to build, operate and manage defence/commercial shipyard activities on the terms and conditions mentioned therein.

Reliance Defence & Engineering formerly Pipavav Defence and Offshore Engineering Company is into building defence warships.

Todays Market Nifty 8510.10 (-55.75) (-0.65%)

Sensex 27710.52 (-205.37) (-0.74%)

M&M drops ex-dividend

Rs 1,460.10 and a low of Rs 1,437.35 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 0.82% based on the closing price of Rs 1,460.50 yesterday, 20 July 2015.

M&Ms net profit rose 6% to Rs 583.73 crore on 14.8% growth in net sales to Rs 10666.43 crore in Q4 March 2016 over Q4 March 2015.

The Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.

Todays Market Nifty 8508.70 (-  32.70) (-0.38%)

Sensex 27746.66 (-89.84) (-0.32%)

Firstsource Solutions announces 10 year strategic partnership with Sky UK

Firstsource Solutions announced that Firstsource Solutions UK (FS UK), a Wholly Owned Subsidiary of the Company and Sky Subscriber Services, UK (Sky UK) have signed a Letter of Intent on 18 July 2016 and announced a new 10-year strategic partnership. The agreement follows a strategic review conducted by Sky UK to consolidate their partner network and have decided to make FS UK their single preferred partner for their core TV and Broadband services across their estate.

Todays Market Nifty 8541.40 (-23.60) (-0.28%)

Sensex 27836.50 (-105.61) (-0.38%)

LIC Housing Finance gains after announcing Q1 results

The result was announced during market hours today, 15 July 2016.

Meanwhile, the S&P BSE Sensex was down 120.90 points or 0.43% at 27,821.21.

On BSE, so far 9.91 lakh shares were traded in the counter as against average daily volume of 2.07 lakh shares in the past one quarter. The stock hit a high of Rs 529.70 and a low of Rs 503.25 so far during the day. The stock had hit a record high of Rs 533 on 12 July 2016. The stock had hit a 52-week low of Rs 25 February 2016. The stock had outperformed the market over the past one month till 14 July 2016, surging 7.85% compared with 5.86% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 5.36% as against Sensexs 9.03% rise.

The large-cap company has equity capital of Rs 100.93 crore. Face value per share is Rs 2.

LIC Housing Finance is a housing finance company. LIC of India holds 40.31% stake in the firm as on 30 June 2016

Todays Market Nifty 8565.00 (+45.50) (+0.53%)

Sensex 27942.11 (+126.93) (+0.46%)

Power Finance Corp jumps after boards nod for bonus issue

The announcement was made during market hours today, 14 July 2016.

Meanwhile, the S&P BSE Sensex was up 131.24 points or 0.47% at 27,946.42.

The stock surged on heavy volumes. On BSE, so far 11.99 lakh shares were traded in the counter as against average daily volume of 1.98 lakh shares in the past one quarter. The stock hit a high of Rs 212.90 and a low of Rs 200.15 so far during the day. The stock had hit a 52-week high of Rs 270.60 on 21 July 2015. The stock had hit a 52-week low of Rs 140.40 on 17 February 2016. The stock had outperformed the market over the past one month till 13 July 2016, surging 25.26% compared with 5.37% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 16.97% as against Sensexs 8.54% rise.

The large-cap company has equity capital of Rs 1320.04 crore. Face value per share is Rs 10.

Power Finance Corporations (PFC) net profit declined 19.3% to Rs 1259.65 crore on 5.7% growth in total income to Rs 6786.99 crore in Q4 March 2016 over Q4 March 2015.

State-run PFCs main business is to provide finance to the power sector. Government of India (GoI) currently holds 67.8% stake in PFC (as per the shareholding pattern as on 31 March 2016).

Todays Market Nifty 8521.05 (+53.15) (+0.63%)

Sensex 27808.14 (+181.45) (+0.66%)

IDFC Bank jumps after acquisition

The announcement was made during trading hours today, 12 July 2016.

Meanwhile, the BSE Sensex was up 181.45 points, or 0.66%, to 27,808.14.

On BSE, so far 41.51 lakh shares were traded in the counter, compared with an average volume of 11.07 lakh shares in the past one quarter. The stock hit a high of Rs 53.90 and a low of Rs 48.15 so far during the day. The stock hit a record high of Rs 73.45 on 6 November 2015. The stock hit a record low of Rs 43.15 on 21 January 2016. The stock had underperformed the market over the past one month till 11 July 2016, rising 1.26% compared with 3.72% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.99% as against Sensexs 10.41% rise.

The large-cap company has an equity capital of Rs 3394.90 crore. Face value per share is Rs 10. Shares of IDFC Bank listed on the stock exchanges on 6 November 2015.

IDFC Bank signed a share purchase agreement to acquire 100% of Grama Vidiyal Micro Finance, one of the largest microfinance institutions in the country. Upon completion of acquisition, Grama Vidiyal will be a wholly-owned subsidiary of IDFC Bank.

Grama Vidiyal will act as a dedicated Business Correspondent of IDFC Bank, and will help deepen reach and widen the delivery mechanism for banking services. The move enables IDFC Bank to significantly enhance its network and reach and make basic banking services available to a large customer base.

The acquisition will give IDFC Bank immediate access to 1.2 million rural and semi-urban households and Grama Vidiyals network of 319 locations across 65 districts of Tamil Nadu, Kerala, Karnataka, Pondicherry, Maharashtra, Gujarat and Madhya Pradesh will act as BC centres to IDFC Bank. Current customer households of Grama Vidiyal, in turn, will benefit from IDFC Banks full range of liability products, customised credit offerings, innovative digital services and doorstep banking.

The 30-year-old, Tamil Nadu-headquartered Grama Vidiyal has an AUM (Assets Under Management) of Rs 1502 crore of micro finance assets, as on 31 March 2016. All loan assets on the book will be transferred to IDFC Bank.

Grama Vidiyals employee base of over 3000, with an understanding of the needs of local communities, will represent IDFC Bank, in their branch locations. Members of Grama Vidiyal will use IDFC Banks innovative and inter-operable Micro ATM, which functions like a n++Bank-in-a-Boxn++, allowing customers as well as non-customers to transact from the comfort of their homes and neighbourhoods. In addition to Grama Vidiyals existing locations, IDFC Bank plans to set up new bank branches in areas where Grama Vidiyals presence is concentrated to complement and support the BC operations.

IDFC Bank reported net profit of Rs 165.06 crore on operating income of Rs 1953.20 crore in Q4 March 2016.

IDFC Bank is a subsidiary of IDFC. The Reserve Bank of India (RBI) granted a universal banking license to IDFC on 23 July 2015. IDFC demerged on 1 October 2015, transferring all assets and liabilities of its lending business to IDFC Bank.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile. IDFC Bank will focus on serving the rural underserved communities and the self-employed, while continuing to support the countrys infrastructure sector. IDFC Bank provides customized financial solutions to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions and the government

Todays Market Nifty 8467.90 (+144.70) (+1.74%)

Sensex 27626.69 (+499.79) (+1.84%)

Yes Bank allots equity shares

Yes Bank has allotted 69,646 (Sixty Nine Thousand Six Hundred and Forty Six) equity shares of face value of Rs. 10/- each on 09 July 2016 under the JESOP IV, JESOP V, PESOP I, PESOP II and PESOP II - 2010.

The paid up share capital of the Bank has accordingly been increased from Rs. 4,21,09,37,410 consisting of 42,10,93,741 equity shares of Rs. 10/- each to Rs. 4,21,16,33,870 consisting of 42,11,63,387 equity shares of Rs. 10/- each.

Todays Market Nifty 8323.20 (-14.70) (-0.18%)

Sensex 27126.90 (-74.59) (-0.27%)

PFC gains as board to mull bonus issue

The announcement was made during trading hours today, 8 July 2016.

Meanwhile, the BSE Sensex was down 62.21 points, or 0.23%, to 27,139.28.

On BSE, so far 8.46 lakh shares were traded in the counter, compared with average daily volume of 1.66 lakh shares in the past one quarter. The stock hit a high of Rs 196.25 and a low of Rs 181.80 so far during the day. The stock hit a 52-week high of Rs 270.60 on 21 July 2015. The stock hit a 52-week low of Rs 140.40 on 17 February 2016. The stock had outperformed the market over the past 30 days till 7 July 2016, rising 13.98% compared with 0.67% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.38% as against Sensexs 10.24% rise.

The large-cap company has an equity capital of Rs 1320.04 crore. Face value per share is Rs 10.

Power Finance Corporations (PFC) net profit declined 19.29% to Rs 1259.65 crore on 5.7% growth in total income to Rs 6786.99 crore in Q4 March 2016 over Q4 March 2015.

State-run PFCs main business is to provide finance to the power sector. Government of India (GoI) currently holds 67.8% stake in PFC (as per the shareholding pattern as on 31 March 2016).

RIL will be watched after Reliance Jio raises funds by issuing bonds

Reliance Industries (RIL) will be watched. Reliance Jio Infocomm (RJIL), a subsidiary of RIL, yesterday, 7 July 2016, issued Rs 2000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually. The issue has been assigned a rating of AAA by CRISIL and CRA. The proceeds of the issuance shall be utilized by RJIL for rolling out a digital services business in India. The announcement was made after market hours yesterday, 7 July 2016.n++

The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of Rs 3500 crore, Reliance Jio said. Key investors include the prominent asset management companies and banks. Reliance Jio Infocomm is the first telecom operator to hold pan India Unified License. RJIL has created next-generation voice and broadband network which can be seamlessly upgraded even to 5G and beyond.

Bank of India said it raised Rs 1500 crore by issuing Basel-III compliant Tier II Bonds (Series-XII). The bonds have been rated as AA (+) by CRISIL and AA (+) by Brickwork and bear coupon rate of 8.57% per annum. The announcement was made after market hours yesterday, 7 July 2016.n++

Mahindra Holidays & Resorts said that its step-down subsidiary, Holiday Club Resorts Oy, Finland, has signed a joint venture (JV) agreement with City of Kuusamo for establishment of Tropiikin Rantasauna Oy. Holiday Club Resorts will hold 50% stake in Tropiikin. Shares worth 62500 euros will be acquired at the time of formation of Tropiikin, Mahindra Holidays & Resorts said. The announcement was made after market hours yesterday, 7 July 2016.n++

In a separate announcement after market hours yesterday, 7 July 2016, Mahindra Holidays & Resorts India said that Caribia Service Oy, Finland (Caribia), subsidiary of Holiday Club Resorts Oy, Finland, (HCR), a step-down subsidiary of the company, has been liquidated with effect from 4 July 2016. Consequently, Caribia ceased to be a subsidiary of HCR. In turn of the company and all the assets lying in its books were transferred to HCR being the sole shareholder of Caribia.

Sundaram Multi Pap said that its board has approved raising up to Rs 30 crore by issuing share warrants to the promoter and promoter group and by issuing fully paid up equity shares or issuing debentures by qualified institutional placements (QIP)/preferential issue. The announcement was made after market hours yesterday, 7 July 2016.n++

Indo Count Industriesn++announced that Indo Count Global, Inc, US announced a new licensing partnership with Walker Greenback PLC UK for three of its lifestyle brands viz. Sanderson, Harlequin and Scion. All three brands hava a particularly strong presence in UK and Australia and Indo Count said it recognized a gap in the North American market for this type of aesthetic. Indo Count said it will be launching new ranges for all three lifestyle brands this September during New York Home Textile Market Week. Indo Count added that it is targeting major retailers in the US market for all the three brands. The announcement was made after market hours yesterday, 7 July 2016.n++

Shares of Abbott India turn ex-dividend today, 8 July 2016, for final dividend of Rs 35 per share for the year ended 31 March 2016.

Shares of Cairn India turn ex-dividend today, 8 July 2016, for final dividend of Rs 3 per share for the year ended 31 March 2016.

Shares of Dewan Housing Finance Corporation turn ex-dividend today, 8 July 2016, for final dividend of Rs 2 per share for the year ended 31 March 2016.

Shares of MindTree turn ex-dividend today, 8 July 2016, for final dividend of Rs 3 per share for the year ended 31 March 2016.

Shares of Tata Coffee turn ex-dividend today, 8 July 2016, for dividend of Rs 1.30 per share for the year ended 31 March 2016.

Todays Market Nifty 8337.90 (+1.95) (+0.02%)

Sensex 270201.49 (+34.62) (+0.13%)
ITC allots equity shares

ITC announced that the Company on 07 July 2016 issued and allotted 402,66,57,100 Ordinary Shares of Re. 1 /- each, as Bonus Shares to those Members of the Company entitled thereto as on July 04, 2016, being the Record Date fixed for the purpose.

Consequently, with effect from 07 July 2016, the Issued, Subscribed and Paid-up Share Capital of the Company stands increased to Rs. 1207,99,71,301/- divided into 1207,99,71,301 Ordinary Shares of Rs. 1/- each.

Remember Our Reports

On Sunday Night we posted

Monthly update: we started month with nifty 7800 -8000. With the  fear of brexit sudden Rajan surprised and REXIT happend , due to this major event our market has given tremendous opportunities to make money. As discussed with many client on 24th also inform our HNI clients to  go long on that day ,

So we got very good chance to earn in script like NIFTY LUPIN GLENMARK  COAL INDIA and many more .... We see market breath is positive for this month also.

There are few events will give you great opportunity to make money script wise ,so be ready for rocking July 2016 . Monday market  likely to open positive note.

Those who made money and added in Angel family Thank you and happy earning .......

 Monday Report

As expected market open up and finally end green with eight month high today. I see some cooling off in few stocks as some momentum indicators become overbought in few stock on intraday basis , so expect retracement in some counters . Today we have booked profit in Bhel which has given good return  within 3trading sessions also booked profit in Cipla  . We still in position like Glenmark Lupin and ceat and Adani port which could be stock of the month in July series . Tomorrow morning in first hour if nifty go up just don't jump and buy . Book profit and enjoy

Tuesday Report

As expected market cooled off and ended red today on profit booking , ADAG group showing buying  relcap  rcom and relinfra  is the good gainer today,

Stock like reliance gain  helped nifty to maintain above 8325 level .

Adani port coal India Glenmark were maintains above our buying level.

After 6   consecutive days  gain nifty should take break for profit booking , so got good chance to book profit in reliance ind which has given  good profit .

Also we booked partial profit in nifty  8400 put  @136  which we bought   yesterday.

We maintain our buying in few counters which is mention yesterday.

Whats now ?

Asian,Europe Down

Nifty hovering around 7335 near 20 day moving average on hourly chart,

Support seen 8200 on daily chart,  always hedge your position it will save your money because trader blood is money.  

Todays Market Nifty 8335.95 (-34.75) (-0.42%)

Sensex  27166.87 (-111.89) (-0.41%)

Coal India gains as board to consider buyback of equity shares

The announcement was made during market hours today, 5 July 2016.

Meanwhile, the S&P BSE Sensex was down 113.38 points or 0.42% at 27,165.38

On BSE, so far 3.45 lakh shares were traded in the counter as against average daily volume of 5.12 lakh shares in the past one quarter. The stock hit high of Rs 323.10 and low of Rs 317 so far during the day. The stock had hit a record high of Rs 447.25 on 5 August 2015. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had outperformed the market over the past 30 days till 4 July 2016, rising 2.75% compared with Sensexs 1.62% rise. The scrip also outperformed the market in past one quarter, rising 14.98% as against Sensexs 9.63% gain.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Shares of Coal India rose 2.37% to settle at Rs 317.45 yesterday, 4 July 2016 after the company said that Coal India and its subsidiaries on a provisional basis achieved 99% of targeted production at 42.72 million tonnes in June 2016. With respect to coal offtake, 95% of target was achieved for the month. The total offtake stood at 44.96 million tonnes in June 2016. The company announced the monthly coal production and offtake performance market hours on Friday, 1 July 2016.

Coal Indias consolidated net profit rose 0.2% to Rs 4247.93 crore on 0.7% decline in total income to Rs 22904.36 crore in Q4 March 2016 over Q4 March 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 31 March 2016)

Todays Market Nifty 8370.70 (+42.35) (+0.51%)

Sensex 27278.76 (+133.85) )(+0.49%)

SBI gains after reducing stake in NSE

Meanwhile, the BSE Sensex was up 130.57 points, or 0.48%, to 27,275.48.

On BSE, so far 15.11 lakh shares were traded in the counter, compared with average daily volume of 27.45 lakh shares in the past one quarter. The stock hit a high of Rs 224.40 and a low of Rs 221.65 so far during the day. The stock hit a 52-week high of Rs 291.85 on 5 August 2015. The stock hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had outperformed the market over the past 30 days till 1 July 2016, rising 9.52% compared with 1.12% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.24% as against Sensexs 7.42% rise.

The large-cap state-run bank has an equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) announced after market hours on Friday, 1 July 2016, that it sold 5% stake in National Stock Exchange of India (NSE) to Mauritius-based foreign institutional investor Veracity Investments at Rs 4,050 per share. Post this transaction, SBI holds 5.19% stake in NSE while its subsidiary SBI Capital Markets holds another 4.33% in the NSE.

Meanwhile, SBI and Reliance Industries (RIL) signed shareholders agreement on 30 June 2016 for setting up payments bank. RIL will hold a majority 70% stake and SBI as joint venture partner with hold 30% equity stake in the proposed payments bank. All requisite regulatory and statutory approvals will now be sought for operationalizing the payments bank. The announcement was made after market hours on Friday, 1 July 2016.

SBIs net profit fell 66.2% to Rs 1263.81 crore on 10.1% increase in total income to Rs 53526.97 crore in Q4 March 2016 over Q4 March 2015.

Tata Motors announces sales figures

Tata Motors continued to witness year-on-year growth in certain key segments in June 2016, with the companys LCV sales growing by 14% and its passenger cars growing by 22%. The companys total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015. The companys domestic sales of Tata commercial and passenger vehicles for June 2016 was at 38,673 nos., a growth of 8%, over June 2015.

Cumulative sales (including exports) of the company for the fiscal was at 123,729 nos., higher by 6% over 116,504 vehicles, sold last year.

In June 2016, Tata Motors passenger vehicles in the domestic market, recorded a sale of 12,509 nos. a year-on-year growth of 22%, compared to 10,281 nos. sold in June 2015.

Sales of passenger cars in June 2016 was higher by 37% at 11,705 nos., compared to 8,516 nos., in June 2015, as Tata Motors hatchback sales grew by over a 100% at 7,126 units in June 2016, due to strongdemand for the recently launched Tiago. Cumulative sales growth of all passenger vehicles in the domestic market, for the fiscal was flat at 31,621 nos.

In commercial vehicles, sales of Tata Motors Light Commercial Vehicles, continued to grow in the domestic market at 16,017 nos., an increase of 14% over June 2015. M&HCV sales were at 10,147 nos., lower by11%, over June 2015. The overall commercial vehicles sales in June 2016, in the domestic market were at 26,164 nos., a growth of 2%, over June 2015.

Cumulative sales of commercial vehicles in the domestic market for the fiscal was at 78,292 nos., higher by 10% over last year. Cumulative LCV sales is at 43,191 nos., an increase of 11% over last year, whileM&HCV sales of 35,101 nos., was higher by 8% over last year.

The companys sales from exports was at 5,603 nos., in June 2016, a growth of 11% compared to 5,046 vehicles sold in June 2015. The cumulative sales from exports for the fiscal was at 13,816 nos., higher by2%, over 13,510 nos., sold last year.