MCX surges 8% on strong Q1 results
Shares of Multi Commodity Exchange of India Limited (MCX), India No.1 Commodity Exchange, surged 8% intraday after the company reported healthy Q1 numbers on Tuesday,
The company's Q1FY20 net profit has increased by 496% to Rs43.70cr from Rs7.33cr for the corresponding quarter ended June 30, 2018.
The total income also rose by 30% to Rs110.84cr in Q1 as against Rs85.43cr for the corresponding quarter ended June 30, 2018.
EBITDA jumped by 58% in Q1 at Rs59.09cr from Rs37.47cr for the corresponding quarter ended June 30, 2018. The EBITDA margin stood at 53% and PAT margin at 39%.
Strides Pharma drops after USFDA finds significant violation at facility,
Shares of Strides Pharma Science were trading under pressure on Wednesday on the stock exchanges after the media reports said that USFDA has found adulteration and "significant violations" of current good manufacturing practice (CGMP) regulations at the company's plant in Puducherry in South India.
Further, the report added that the US drug regulator said it also found a blue binder containing CGMP records, including batch records for US drug products, discarded with other records in 55-gallon drum in a scrap yard.
NSE to exclude DHFL from equity derivatives segment from Sept 27
Shares of Dewan Housing Finance Corporation Ltd gained 2% in the early morning trade on the NSE. The stock will be excluded from the equity derivatives segment on the National Stock Exchange from September 27.
The exchange said in the filing that, "no fresh contracts shall be introduced after the expiry of September 2019 contracts. All the existing futures and options contracts across all expiries shall expire on September 26, 2019.
Dilip Buildcon JV wins order for building bridge
Dilip Buildcon said in the filing that the company has formed the JV with Shaanxi Road & Bridge Group Co. Ltd. DBL - SRBG (JV) has been declared L-1 bidder by the Ministry of Road Transport & Highways, New Delhi for a new EPC project in the state of Karnataka.
The trading window for dealing in the securities of the company by its designated employees, immediate relatives, specified person and the connected person is already closed till 48 hours after the declaration of financial results of the Company for the quarter ended June 30, 2019.
L&T Infotech signs deal to acquire AI specialist firm Lymbyc
Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc Solutions, headquartered in Bangalore along with additional offices in Chennai and Texas, US at enterprise value of Rs38cr. Shares of the company were up at Rs1,670 in morning trade and are now trading flat with a negative bias.
Lymbyc has an Al led predictive insights platform that is driven by an adaptive machine learning engine providing differentiated analytics solutions to clients across industry segments.
The acquisition will bolster the advanced analytics, natural language processing and data visualization capabilities of LTI. Lymbycs proprietary product Leni complements well with LTIs Mosaic platform
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