Today Mangalam Cement rise 5% on commence of 0.75 mpta Aligarh unit

NEW DELHI: Shares of Mangalam CementBSE 4.44 % surged nearly 5 % in Tuesday's trade after the company revealed commencement of production at a new 0.75 million tonne per annum (mtpa) unit. In a brief note to BSE, the company said the mashing unit is now in Aligarh, Uttar Pradesh. The opening of its commercial workings from the unit has increased the overall capacity of the cement producer to 4 mpta from 3.25 mtpa. 

The stock jumped 4.63 % to hit a high of Rs 350 on BSE. Mangalam Cement has initiate commercial production at its new cement mashing unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, state a media report. 

Market for cement sector grew merely by 3 % in Q1FY17, which is expected to stay in the constant range in Q1FY17as well. Still, favourable monsoon & ease of water issues in Madhya Pradesh & Maharashtra are expected to cast good impact on consumption as many projects were stuck for want of water. The government's continuous thrust in progress of Roads & Highway and irrigation sector will prompt demand, going ahead, said Reliance Securities in a note. 

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Preferential issue: As board decides Den Network spurts 10%

NEW DELHI: Den Network shares saw a 10 % discharge in Friday's trade after the company said the board 
members would review & approve the plan for preferential issue of equity shares next Tuesday. 

Following the news, the stock surged 9.99 % to hit a higher of Rs 79.80 on BSE. At prevailing price, the scrip is trading below 14-day, 50-day and 200-day easy moving averages, data available with database Capitaline indicates. 

The company accused a net loss of Rs 57.31 cr for the June quarter, compared with a Rs 50.75 cr loss during the corresponding quarter last year. Sales for the quarter grew 23.95 % to Rs 236.97 crore from Rs 191.18 cr in the same quarter last year. 

In FY16, broadband subscribers for DEN Networks spread to 95,000 from 23,000 in FY15. For peer Hathway Cable & Datacom subscriber base pushed to 627,200 from 455,800 in FY15, and SITI Cable Network to 132,000 from 60,000, suggesting a growth in broadband penetration.

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Share tips : Facebook launches real-time sports platform 22 Jan

Facebook Inc  : Facebook is tackling the sports arena with a newely platform known as Facebook Sports Stadium, which the social media site told will provide latest real-time updates on games, popular posts from fans, statistics and commentary from experts. Click For Share tips

"With 650 million sports fans, Facebook is the world's biggest stadium," it wrote in a post on day before yesterday declaring the feature. Facebook, which told it had an average 1.01 billion active daily users as of Sep, reports its 4rth-quarter earnings on Wed, Jan 27th.

The newely service seems to be an effort to encroach on Twitter's territory. The micro-blogging site has long been a popular destination for so-called "live-tweeting" games.

A New York City-based marketing firm, said the new product is Facebook's attempt at capturing "in the moment" engagement. "They don't have that piece of the puzzle," Flicker told.

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