Thursday, 22 February 2018

Gallantt Metal is planning to acquire GL Steel and Power as a Wholly Owned Subsidiary. The meeting of the Board of Directors of the company will be held on February 28, 2018, to consider the same.
The Board will also consider Inter-Corporate Loan to GL Steel and Power within the limits as prescribed under Section 186 of the Companies Act, 2013.
Gallantt Metal manufactures Sponge iron, M.S Billets, Re-Rolled Products (QST Bars).

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Cyient scrip is currently trading at Rs. 649.90, up by 19.75 points or 3.13% from its previous closing of Rs. 630.15 on the BSE.The scrip opened at Rs. 635.00 and has touched a high and low of Rs. 652.00 and Rs. 632.85 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 685.00 on 23-Jan-2018 and a 52 week low of Rs. 435.05 on 03-Mar-2017.Last one week high and low of the scrip stood at Rs. 652.00 and Rs. 595.00 respectively. The current market cap of the company is Rs. 7,322.79 crore.

The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 61.68% and 16.14% respectively.Cyinet has received an approval for reduction of aggregate investment limits on non-residents from the existing 100% to 49% of the paid up share capital of the company, subject to the statutory approval. The board of directors passed a resolution and approved for the same.

Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.

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Steel Strips Wheels (SSWL) has commissioned its Chennai Truck wheel plant from February 2018. This plant will add 1.2 million wheels capacity to the already existing 1.8 million wheels capacity for the Truck/Trailer segment of the company. The total capacity of truck wheel segment now stands at 3.0 million wheels and with this SSWL will be the largest Truck Steel wheel maker in India.

The plant is operating at 90% utilization for the month of February and expected to attain 100% utilization from April 2018 onwards with firm order book from domestic and export customers.

The plant is strategically placed to help SSWL service customers in Southern region in India and being near to the Sea port will provide leverage for serving export customers as well. Supplies will be to all key OEMs in India i.e. Ashok Leyland, Daimler India, Tata Motors and several Truck/Trailer OEMs in Middle East, Europe and US.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors.

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Tata Communications is joining forces with Chunghwa Telecom, Taiwan’s largest mobile network operator, to bring global connectivity to consumer electronics and industrial Internet of Things (IoT) devices.

Tata Communications MOVE - IoT Connect allows IoT devices to be deployed quickly both locally and internationally by leveraging Tata Communications’ ecosystem of mobile network operators worldwide.

As part of this ecosystem, Chunghwa Telecom will be able to tap into additional revenues by connecting IoT devices through Tata Communications MOVE.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

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Bharat Heavy Electricals is currently trading at Rs. 92.00, up by 0.35 points or 0.38% from its previous closing of Rs. 91.65 on the BSE.The scrip opened at Rs. 92.25 and has touched a high and low of Rs. 92.40 and Rs. 91.05 respectively. So far 198951 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 121.83 on 25-Apr-2017 and a 52 week low of Rs. 80.97 on 11-Aug-2017.Last one week high and low of the scrip stood at Rs. 96.35 and Rs. 90.90 respectively. The current market cap of the company is Rs. 33776.88 crore.
The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 31.23% and 5.71% respectively.

Bharat Heavy Electricals (BHEL) has won a prestigious contract for setting up a Gas Turbine based Captive Power Plant on Lumpsum Turnkey (LSTK basis) under International Competitive Bidding (ICB). Valued at Rs 1,034 crore, the order has been placed on BHEL by Hindustan Petroleum Corporation (HPCL) for its Visakh Refinery expansion project at Visakhapatnam, Andhra Pradesh.

The company’s scope of work in the contract envisages engineering, manufacture, supply, transportation, erection & commissioning and civil works of one Gas Turbine Generator (GTG), one Heat Recovery Steam Generator and one Steam Turbine Generator along with associated auxiliaries on LSTK basis. This captive power plant is being set up to meet the power and steam required by HPCL for its planned refinery expansion from 8.33 to 15 MMTPA.


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Wednesday, 21 February 2018



Ambuja Cements is currently trading at Rs. 263.25, up by 0.15 points or 0.06% from its previous closing of Rs. 263.10 on the BSE.The scrip opened at Rs. 268.80 and has touched a high and low of Rs. 269.00 and Rs. 261.30 respectively. So far 1,35,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.30 on 13-Sep-2017 and a 52 week low of Rs. 223.25 on 09-Mar-2017.Last one week high and low of the scrip stood at Rs. 269.00 and Rs. 251.05 respectively. The current market cap of the company is Rs. 52,272.11 crore.The promoters holding in the company stood at 63.56%, while Institutions and Non-Institutions held 29.35% and 7.09% respectively.

Ambuja Cements has reported 88.78% jump in its net profit at Rs 338.38 crore for the quarter ended December 31, 2017 as against to Rs 179.25 crore for the same quarter in the previous year. Total income of the company increased by 7.38% to Rs 2760.66 crore for Q4 CY17 as compared Rs 2570.86 crore for the corresponding quarter previous year.
On consolidate basis, the company has reported 82.06% rise in its net profit at Rs 408.99 crore for the quarter ended December 31, 2017 as compared to Rs 224.64 crore for the corresponding quarter in the CY16. Total consolidated income of the company increased by 10.96% at Rs 6264.81 crore for quarter under review as compared to Rs 5645.84 crore for the same quarter of previous year.

For the year ended December 31, 2017, the company has posted 34.04% rise in its net profit at Rs 1249.57 crore as compared to Rs 932.24 crore in CY16. Total income of company increased by 5.11% at Rs 11573.96 crore for year under review as compared to Rs 11011.15 crore for the year ended December 31, 2016.
For the year ended December 31, 2017, on the consolidated basis, the company has posted a rise of 37.22% in its net profit at Rs 1516.36 crore as compared to Rs 1105.08 crore in the previous year. Total income of the company increased by 9.42% at Rs 25604.91 crore for year under review as compared to Rs 23400.07 crore for the year ended December 31, 2016.

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Mini Diamonds (India) has informed that the Shareholders of the Company at its 1st Extra - Ordinary General Meeting (EOGM) held on 21st February, 2018 has approved the Appointment of Mahendra Doshi & Associates as Statutory Auditor of the Company in place of V.A. Parikh & Associates LLP who has resigned on 23rd November, 2017; and authorize the board to borrow up to Rs 50,00,00,000 as and when required.
The above information is a part of company’s filings submitted to BSE.

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