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27-Jan-2020   15:15 Hrs IST Loyal Equipments surges on signing business agreement with Linde Engineering India <p align="justify">Loyal Equipments is currently trading at Rs. 32.70, up by 1.45 points or 4.64% from its previous closing of Rs. 31.25 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 32.70 and Rs. 31.50 respectively. So far 1538 shares were traded on the counter.<br></p><p align="justify">The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 43.45 on 14-Feb-2019 and a 52 week low of Rs. 24.35 on 25-Oct-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 32.90 and Rs. 31.25 respectively. The current market cap of the company is Rs. 33.35 crore.<br></p><p align="justify">The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company.<br></p><p align="justify">Loyal Equipments has signed a business agreement with Linde Engineering India for period of five years. Loyal will reserve the specific facility for supply of engineering goods to Linde by manufacturing and fabrication as per the requirement. The Parties to this business agreement is estimating the turnover of Loyal, arising from this arrangement, is approximately to be an amount of Rs 20 crore annually for period of five years. Loyal is expecting growth in turnover by association with Linde.</p><p align="justify">Loyal Equipments is engaged in manufacturing and supplying of Coded Pressure Vessels &amp; Heat Exchangers (Ferrous &amp; Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks &amp; Receiver etc.<br></p>
27-Jan-2020   14:54 Hrs IST Dr. Reddys shines despite reporting consolidated net loss of Rs 538 crore in Q3 <p align="justify">Dr. Reddys is currently trading at Rs. 3185.10, up by 157.05 points or 5.19% from its previous closing of Rs. 3028.05 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 3037.45 and has touched a high and low of Rs. 3201.95 and Rs. 3001.60 respectively. So far 106482 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3201.95 on 27-Jan-2020 and a 52 week low of Rs. 2065.30 on 15-Feb-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 3201.95 and Rs. 3001.60 respectively. The current market cap of the company is Rs. 52763.45 crore.<br></p><p align="justify">The promoters holding in the company stood at 26.76%, while Institutions and Non-Institutions held 45.14% and 13.80% respectively.<br></p><p align="justify">Dr. Reddys Laboratories has reported a rise of 30.62% in its net profit at Rs 521.70 crore for the quarter ended December 31, 2019 compared to Rs 399.40 crore for the same quarter in the previous year. Total income of the company increased by 10.22% at Rs 3113.30 crore for Q3FY20 as compared Rs 2,824.50 crore for the corresponding quarter previous year.<br></p><p align="justify">On the consolidated basis, the company has reported a net loss after taxes and share of profit of associates of Rs 538.40 crore for the quarter ended December 31, 2019 against net profit of Rs 500.30 crore for the same quarter in the previous year. However, total income of the company increased by 12.54% at Rs 4464.40 crore for Q3FY20 as compared Rs 3966.90 crore for the corresponding quarter previous year.&nbsp; <br></p>
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