NBCC (India) moves higher after decent Q1 results

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 7.94 points or 0.03% at 28,380.17.

On BSE, so far 1.10 lakh shares were traded in the counter as against average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 255.65 and a low of Rs 250.30 so far during the day. The stock had hit a 52-week high of Rs 267 on 13 July 2016. The stock had hit a 52-week low of Rs 162 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 7.87% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 34.76% as against Sensexs 7.49% rise.

The large-cap company has equity capital of Rs 120 crore. Face value per share is Rs 2.

NBCC is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 90% stake in the firm (as per shareholding pattern as on 30 June 2016).

Todays Market Nifty  8,726.60 (+11.00) (+0.13%)

Sensex  28,372.23 (+18.69) (+0.07%)

Coal India net profit down 15% in Q1

KOLKATA, SEP 13

Coal India Ltd (CIL) on Tuesday reported that its consolidated net profit dipped by 14.78 percent to Rs 3,065.26 crore in the quarter ended June 30, 2016 against Rs 3,596.92 crore in the corresponding quarter last year.

Its net sales for the quarter stood at Rs 17,796.05 crore, down 6.1 percent from Rs 18,955.75 crore in the year-ago period.

The state-run miner produced 125.67 million tonnes (mt) of coal in April-June quarter against a target of 132.43 mt, achieving 95 per cent of the production target for the quarter. However, its production grew by 3.5 percent in the period as compared to 121.35 mt produced in the corresponding period last year.

CIL's off-take stood at 133.24 mt in the quarter ended June against a target of 149.88 mt. Its off-take grew by only 2.9 percent in the quarter as compared to off-take of 129.39 mt in the year ago period.

In 2015-16, the miner produced 536.51 million tonnes of coal against a target of 550 million tonnes and its off-take stood at 532.26 million tonnes.

In its latest annual report, the CIL said it would invest Rs 7,765 crore as capital expenditure and Rs 5,069 crore in various other projects in 2016-17.

The company envisaged production of 908.10 million tonnes in 2019-20 with a Compound Annual Growth Rate of 12.98 per cent with respect to 2014-15

Todays Market Nifty  8,715.60 (-151.10) (-1.70%)

Sensex   28,353.54  (-443.71) (-1.54%)

Mahindra & Mahindra launches New Balero with mHawk D70 engine

Priced Rs 6.59 lakh onwards (ex-showroom Navi Mumbai)

Mahindra %26 Mahindra has unveiled the New Bolero with the mHawk D70 engine. This has been christened - The New Bolero Power+. The new Bolero is available in 3 variants - SLE, SLX and ZLX across Mahindra Dealerships pan India at an aggressive price of Rs 6.59 lakh

The Government assures that all resources are made available to the Port sector to achieve maximum growth of business.

Mumbai Port Trust needs to bring about administrative reforms to develop ability to compete with the private ports, said Minister of State for Shipping, Road Transport & Highways, Chemicals & Fertilizers, Shri Mansukh L. Mandaviya on an inspection visit to Mumbai Port Trust today. He further expressed a need for the port to have a clear vision and road map for development for next ten to twenty years and appealed to all the stakeholders to work in this direction.

The Minister held a meeting with the Deputy Chairman and the Heads of Departments and reviewed the functioning of the Mumbai Port in all its scope and ambit. While reviewing the existing and the future projects undertaken by the Port, the Minister assured that Government would ensure that all resources are made available to the sector to ensure maximum growth of business.

The Minister also visited the Cruise Terminal at BPX Mumbai Harbour and inspected the liquid cargo handling facilities at Jawahar Dweep and Pir Pau. He appreciated the facilities created at Second Chemical Berth, which provides handling capacity of 55000 DWT tankers and capacity to handle 2.5 MMTPA cargo. He was informed that the MPT facilities have provided a lot of advantages mainly to the Public Sector Oil Companies and eliminated the waiting time of oil tankers at Mumbai Port as also reduced the ships turn round time

Todays Market Nifty 8952.50 (+34.55) (+0.39%)

Sensex 29045.28 (+118.92) (+0.41%)

Just Dial drops on profit taking

The announcement was made during market hours today, 8 September 2016.

Meanwhile, the S&P BSE Sensex was up 129.98 points or 0.45% at 29,056.34.

On BSE, so far 7.41 lakh shares were traded in the counter as against average daily volume of 2.54 lakh shares in the past one quarter. The stock hit a high of Rs 515.25 and a low of Rs 491.65 so far during the day. The stock had hit a 52-week high of Rs 1,076.90 on 14 October 2015. The stock had hit a record low of Rs 377.65 on 12 February 2016. The stock had outperformed the market over the past one month till 7 September 2016, surging 8.96% compared with 3.02% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 22.33% as against Sensexs 7.1% rise.

The mid-cap company has equity capital of Rs 70.57 crore. Face value per share is Rs 10.

Shares of Just Dial had surged 6.38% in two trading sessions to settle at Rs 509.15 yesterday, 7 September 2016, from its close of Rs 478.60 on 2 September 2016.

Post approval from the Reserve Bank of India (RBI), Just Dial said it will be in a position for providing payment solution to its users, which is integral part of its transaction services and JD prepaid wallet will help to provide a seamless payment experience to users. The company needs to submit certain reports to RBI upto 5 March 2017 for final authorization.

Just Dials net profit rose 8% to Rs 38.93 crore on 6.2% growth in net sales to Rs 176.29 crore in Q1 June 2016 over Q1 June 2015.

Just Dial started offering local search services in 1996 under the Just Dial brand and is now the leading local search engine in India.