Market Live: Volatility rises ahead of F&O expiry; Sensex dips over 100 pts
Moneycontrol News
2:45 pm Fundraising: Non-banking
finance company Capital First has raised Rs 500 crore through issuance
of non-convertible debentures (NCDs) on private placement basis.
"The debenture committee at its meeting today has approved an issue of rated, listed, secured, redeemable, non- convertible debentures of Rs 500 crore on private placement basis," Capital First said in a BSE filing.
The NCDs have a tenure of two years and will carry an interest rate of 8.45 per cent, payable annually.
For the quarter ended December 31, 2017, Capital First reported a 42 per cent jump in net profit at Rs 87 crore, against Rs 61.4 crore in the same period of the previous year.
2:30 pm Results: Plastics products maker Nilkamal said profit grew by 17.1 percent year-on-year to Rs 33.1 crore and revenue increased 5.5 percent to Rs 523 crore in Q3.
Operating profit during the quarter jumped 34.6 percent to Rs 66.2 crore and margin expanded 270 basis points to 12.6 percent compared to year-ago.
2:20 pm Earnings: Crop protection products supplier UPL has reported healthy 25.3 percent growth year-on-year in consolidated profit at Rs 579 crore for quarter ended December 2017 despite weak operational performance.
The bottomline growth was driven by tax credit, lower finance cost and higher revenue.
Consolidated revenue from operations grew by 7 percent to Rs 4,194 crore during December quarter compared to Rs 3,919 crore in year-ago.
EBITDA (earnings before interest, tax, depreciation and amortisation) fell 1.4 percent year-on-year to Rs 716 crore and margin contracted 140 basis points to 17.1 percent for quarter ended December 2017.
2:10 pm Market Check: Benchmark indices turned volatile in afternoon ahead of expiry of January derivative contracts.
The 50-share NSE Nifty widened range from 40 points to 100 points, falling 37.30 points to 11,048.70 while the 30-share BSE Sensex fell 134.49 points to 36,027.15.
About three shares declined for every two shares rising on the BSE.
2:05 pm Fundraising: Torrent Pharmaceuticals said the board of directors has given approval to increase in authorised share capital of the company from Rs 125 crore to Rs 150 crore; for enhancement of borrowing limits from Rs 10,000 crore to Rs 15,000 crore; for creation of charge on company's properties / assets; issuance of unsecured / secured redeemable non-convertible debentures / bonds by way of private placement for an amount not exceeding Rs 12,500 crore; and issuance of equity shares including convertible bonds / debentures through qualified institutional placement (QIP) and / or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore.
"The debenture committee at its meeting today has approved an issue of rated, listed, secured, redeemable, non- convertible debentures of Rs 500 crore on private placement basis," Capital First said in a BSE filing.
The NCDs have a tenure of two years and will carry an interest rate of 8.45 per cent, payable annually.
For the quarter ended December 31, 2017, Capital First reported a 42 per cent jump in net profit at Rs 87 crore, against Rs 61.4 crore in the same period of the previous year.
2:30 pm Results: Plastics products maker Nilkamal said profit grew by 17.1 percent year-on-year to Rs 33.1 crore and revenue increased 5.5 percent to Rs 523 crore in Q3.
Operating profit during the quarter jumped 34.6 percent to Rs 66.2 crore and margin expanded 270 basis points to 12.6 percent compared to year-ago.
2:20 pm Earnings: Crop protection products supplier UPL has reported healthy 25.3 percent growth year-on-year in consolidated profit at Rs 579 crore for quarter ended December 2017 despite weak operational performance.
The bottomline growth was driven by tax credit, lower finance cost and higher revenue.
Consolidated revenue from operations grew by 7 percent to Rs 4,194 crore during December quarter compared to Rs 3,919 crore in year-ago.
EBITDA (earnings before interest, tax, depreciation and amortisation) fell 1.4 percent year-on-year to Rs 716 crore and margin contracted 140 basis points to 17.1 percent for quarter ended December 2017.
2:10 pm Market Check: Benchmark indices turned volatile in afternoon ahead of expiry of January derivative contracts.
The 50-share NSE Nifty widened range from 40 points to 100 points, falling 37.30 points to 11,048.70 while the 30-share BSE Sensex fell 134.49 points to 36,027.15.
About three shares declined for every two shares rising on the BSE.
2:05 pm Fundraising: Torrent Pharmaceuticals said the board of directors has given approval to increase in authorised share capital of the company from Rs 125 crore to Rs 150 crore; for enhancement of borrowing limits from Rs 10,000 crore to Rs 15,000 crore; for creation of charge on company's properties / assets; issuance of unsecured / secured redeemable non-convertible debentures / bonds by way of private placement for an amount not exceeding Rs 12,500 crore; and issuance of equity shares including convertible bonds / debentures through qualified institutional placement (QIP) and / or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore.
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