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Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, Allahabad, Oudh Sugar Mills Ltd., has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
Trading for the week started on a firm footing as key benchmark indices settled with decent gains. The barometer index, the S&P BSE Sensex, rose 198.76 points or 0.70% to settle at 28,439.28. The Nifty 50 index rose 60.10 points or 0.69% to settle at 8,801.05. The Sensex and the Nifty, both, hit their highest closing level in 4-1/2-months.
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Shares of sugar companies climbed sharply on Friday, thanks to a rebound in raw sugar prices in the global commodities market.
Key benchmark indices were range bound in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, was up 105.79 points or 0.40% at 26,454.89. The Nifty 50 index was up 34.20 points or 0.42% at 8,162.95. Positive leads from Asian markets and overnight rally on the Wall Street boosted investors sentiment in the domestic market.
The results which are expected today are IL&FS Engineering and Construction, Oudh Sugar Mills, Taj Gvk Hotels & Resorts, Premier Explosives, Sonata Software.
A dozen companies — Advani Hotels & Resorts, IL&FS Engineering and Construction, IL&FS Investment Managers, Harita Seating Systems, HT Media, Oudh Sugar Mills, Premier Explosives, Sonata Software, TVS Electronics, Taj GVK Hotels, Sundram Fasteners and Upper Ganges Sugar — will announce their quarterly and half-yearly results for the period ended September, on Wednesday. Given the current mood in the market, share prices of strong performers will surge sharply.
Key benchmark indices continued to trade on a firm note in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex, was up 349.11 points or 1.23% at 28,762. The gains for the Sensex were higher in percentage terms than those for the Nifty 50 index. The Nifty was up 99.80 points or 1.14% at 8,842.35. The broad market depicted strength. There were more than two gainers against every loser on BSE.
Sugar companies have witnessed a turnaround in their financial performance in the June 2016 quarter with 23 companies reporting combined net profit of ₹326 crore