Indian market: Equity benchmarks gained for the fifth consecutive session on Monday with the Nifty 50 reclaiming 8200 level intraday and ending at highest level in last 8 months but the market breadth was negative. About 1374 shares declined against 1233 advancing shares on Bombay Stock Exchange. IT stocks gained while HDFC group and FMCG stocks saw selling pressure. The 30-share BSE Sensex increased 72 points to 26725.60 and the 50-share NSE Nifty rose 21.85 points to 8178.50 while the broader markets marginally outperformed. The BSE Midcap and Smallcap indices gained 0.4 percent each. In last five sessions, benchmark indices rallied nearly 6 percent, supported by FIIs buying and better quarterly earnings.
International Market: Asian Indices ended on a positive note today. European markets also held strong during the day with Britain and US being closed for the day on account of Memorial Day.
Marksans Pharma: Financial Results 2015-16
Marksans consolidated revenue increased by 12.77 per cent to Rs 902.19 crores in 2015-16, EBITDA was Rs 145.13 crores for the year. EBITDA margin was 16.09 per cent for the year. Profit before Tax (PBT) was Rs 106.85 crores for the year. Consolidated Net Profit was Rs 78.51 crores for the FY 2015-16. Zero Long Term Secured Loans as of 31st March, 2016.
United States and North America Formulation business reported strong growth of 105.20 per cent to Rs 325.81 crores aided by Time-Cap Laboratories Inc acquisition. Company achieved revenue of Rs 418.19 crores from Europe, UK Formulation business. Australia and New Zealand formulation business grew at 18.79 per cent to Rs 107.76 crores from Rs 90.72 crores during previous year. Rest of World Formulation business was Rs 50.43 crores. Almost 94 per cent of company’s total revenue came from regulated markets of United States, Europe, Australia and Canada.
Thomas Cook (India) Ltd: Consolidated results for FY16
The leading integrated company that provides travel and travel related financial services, Thomas Cook (India) Ltd. (NS:THOM) declared the consolidated Financial Results for the year that ended March 31, 2016 with an increase in Total Income from Rs. 32.9 Billion during the 15 month period ended March 31, 2015 to Rs 42.8 Billion for the 12 months ended March 31, 2016 on 30th March, 2016. The consolidated PBT was seen to decline from Rs 1.7 Billion during the 15 month period ended March 31, 2015 to Rs. 285 Million during the Financial Year 2016 on account of exceptional one time provisions, including Rs.939 million in Sterling Holidays, primarily due to adopting a more pragmatic and prudent approach towards vacation ownership receivables and write off of capital work in progress, as also a Rs. 73 Million receivable write off in the Inbound business.
Wipro (NS:WIPR) Recognized with 2015 Lean Partner Award by Citi
The leading global company that provides information technology, consulting and business process services, Wipro Limited has proudly announced that it has received the Citi Lean Partner award for 2015 from Citi. It is in recognition of its high levels of service and performance. The Lean Partner Award by Citi recognizes a supplier that has supported the company in the execution of its re-engineering objectives and has also supported its effort to drive client-centric process redesign throughout the company – improving the way Citi operates. This award also recognizes that supplier who has most embodied the spirit of Lean which is a continuous improvement program with tangible as well as measurable benefits as it relates to purpose (rapid & consistent turnaround time for services delivered), the quality, efficiency, controls and overall experience of the customers.
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The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision