Greaves Cotton Q2 FY17 at Rs 51 crore

Greaves Cotton Limited, one of India’s leading engineering companies, has, despite tough market conditions, reported revenues of Rs 489 crore for the quarter ended September 30, 2016 as against Rs 473 crore for the quarter ended September 30, 2015. 

EBITDA for the quarter ended September 30, 2016 is Rs 70 crore as against Rs 76 crore for the same period last year, recording a EBITDA margin of 14.3% during the current quarter.  

8K Miles Q2 FY17 Revenue up 18% qoq

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The Profit After Tax (PAT) for the quarter ended September 30, 2016 is Rs 51 crore as against Rs 55 crore for the corresponding period last year. During the quarter, the company had taken a few initiatives that would help it prepare for the future which resulted in higher Operating Expenses and a consequent reduction in profits. The financial results of the company have been prepared in accordance with IndAS that came into effect from April 1, 2016.  

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Commenting on the results, Mr. Nagesh Basavanhalli, MD & CEO said “Despite a challenging market environment, the company with its sustained focus on various lines of business has recorded QOQ revenue growth of 9.88% in the quarter ended September 30, 2016 over Q1 FY 2017 and a 3.3% growth over the corresponding period last year. This has been possible due to strategic initiatives on launching new range of solutions, enhancing service quality and entering new geographies. Contributing to the higher revenue is robust growth in the Farm Equipment Business and the Auxiliary Power business.”  

Commenting on the company’s profitability, Mr. Basavanhalli said, “We continue our value engineering efforts that have delivered a healthy EBIDTA margin of 14.3% - a bump up from the 13.6% of Q1 FY2107. Our efforts on cost controls are sustainable & will continue to improve.”

Accelya Kale Solutions' board meeting on May 04, 2016

Accelya Kale Solutions Ltd has informed BSE that the meeting of the Board of Directors will be held on May 04, 2016, inter alia, to consider the unaudited financial results for the quarter ended March 31, 2016.Further, the Trading Window of the Company will remain closed in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 from April 27, 2016 to May 06, 2016 (both days inclusive).

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Buy Accelya Kale; target of Rs 960: Firstcall

Accelya Kale Solutions Limited is part of the Accelya Group, Formerly known as Kale Consultants Limited, a leading solutions provider to the Airline and Travel industry. Accelya helps airline and travel companies manage their financial processes and gain insights into their business performance. Accelya's expertise spans across all critical airline financial processes - BSP Processing, Revenue Accounting, Audit & Revenue Recovery, Card Management, Miscellaneous Billing, Cost Management and Business Intelligence. Accelya partners with airlines right from the time a ticket or an air waybill is issued, all the way through its entire financial life cycle, until the data is converted into actionable decision support. With over 200 airline customers, its operations are spread across 9 countries and Accelya employs over 2000 professionals worldwide. Accelya has been voted as 'IT Company of the Year' at Air Transport News Awards 2014 and 'Information Technology for the Air Cargo Industry' at ACW World Air Cargo Awards 2014.

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Market News:-

• The market erased more than half of gains due to selling in oil, banks and select FMCG stocks. The Sensex rose 37.29 points to 25306.93 and the Nifty advanced 17.45 points to 7730.50.
• The broader markets also lost some shine, rising 0.3 percent each but the market breadth remained positive. About 1325 shares advanced against 750 declining shares on BSE.
• Shares of Adani Enterprises today surged nearly 8 percent after the company's USD 21.7 billion coal mine project in Australia won three mining leases. Adani's 21.7 billion dollars coal mine project in Australia yesterday won three mining leases but the Indian mining giant said a final decision on investment will be taken only after the resolution of "politically-motivated" legal challenges against its plans to build one of the world's largest coal mines. Queensland minister for Natural Resources and Mines Anthony Lynham approved the individual lease grant for 70441 Carmichael, 70505 Carmichael East and 70506 Carmichael North, which are estimated to contain 11 billion tonnes of thermal coal.
• Infibeam Incorporation shares started off day with gain of 5.8 percent on debut Monday. The stock listed at Rs 457 on National Stock Exchange against issue price of Rs 432.

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Market Outlook:-

• The market has opened flat on Wednesday. The Sensex is down 43.78 points or 0.2 percent at 24507.39, and the Nifty is down 3.55 points at 7457.05. About 290 shares have advanced, 147 shares declined, and 33 shares are unchanged.
• BHEL, Adani Ports, Lupin, L&T and Infosys are top gainers in the Sensex. Among the losers are Bajaj Auto, Dr Reddy's Labs, HDFC, ICICI Bank and Tata Motors.
• The Indian rupee opened marginally higher at 67.35 per dollar on Wednesday versus previous close of 67.38.
• Pramit Brahmbhatt of Veracity said, "Weakness in global equity market will cause weakness in domestic equity market and rupee will depreciate further continuing with yesterday's pain. A levels of 67.50/dollar will have meaningful support for rupee."
• Bangalore-based HealthCare Global Enterprises initial public offering (IPO) has opened for subscription. The issue which will close on March 18, priced at Rs 205-218 per share is planning to raise Rs 611 crore to Rs 650 crore.
• US Federal Reserve policymakers are seen leaving short-term interest rates unchanged at a two-dfay policy meeting that began Tuesday, but also to signal that a rate hike is not too far off as long as the job market and inflation continue to improve.
• The US central bank lifted borrowing costs in December for the first time in nearly a decade, but uncertainty over the impact on the US economy of slower growth in China and Europe since the beginning of the year has driven policymakers to hold off on any further rate hikes since then.

Today's Share Market Updates By CapitalHeight

सेंसेक्स 86 अंक बढ़कर 24804 पर और निफ्टी 29 अंक बढ़कर बंद

 ग्लोबल मार्केट से मिले बेहतर संकेतों के बाद घरेलू स्टॉक मार्केट आज बढ़त के साथ बंद हुए हैं। सोमवार के कारोबार में सेंसेक्स 86 अंक की बढ़त के साथ 24804 के स्तर पर बंद हुआ । वहीं, निफ्टी 29 अंक बढ़कर 7538 के स्तर पर बंद हुआ है।

 कैसा रहा मार्केट का मूवमेंट

स्टॉक मार्केट की शुरुआत बढ़त के साथ हुई थी। कारोबार की शुरुआत में ही मार्केट दिन के उच्चतम स्तर पर था। हालांकि कारोबार के साथ मार्केट में गिरावट देखने को मिली और दोपहर के करीब मार्केट दिन के निचले स्तरों पर आ गया। हालांकि यूरोपियन मार्केट में बढ़त के साथ शुरुआत से घरेलू स्टॉक मार्केट संभल गए। और सेंसेक्स 24800 के स्तर से ऊपर बढ़कर बंद हुआ। 

ज्वैलर्स की हड़ताल जारी, 17 मार्च को दिल्ली में करेंगे रैली 

बजट में प्रस्तावित एक्साइज ड्यूटी के विरोध में जारी ज्वैलर्स की हड़ताल सोमवार को अपने 12वें दिन भी जारी है। बजट में नॉन सिल्वर ज्वैलरी आइटम पर सरकार ने एक एक फीसदी की एक्साइज ड्यूटी लगाने का ऐलान किया था। इसके बाद ज्वैलर्स 2 मार्च से अनिश्चितकालीन हड़ताल पर चले गए थे।

कोल इंडिया में 8% से ज्यादा गिरावट, एक्स डिविडेंड का असर

कोल इंडिया के शेयर में आज 8 फीसदी तक गिरावट देखने को मिली है। दरअसल कंपनी ने डिविडेंड के भुगतान के लिए रिकॉर्ड डेट 15 मार्च रखी है। रिकार्ड डेट के बाद लिए गए शेयरों पर डिविडेंड का भुगतान नहीं होगा। इसलिए कीमतों पर एक्स डिविडेंड का असर देखने को मिल रहा है।

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