Stocks in news: Adhunik Metaliks, Alembic, Suzlon

Stocks in news:.

• Results today:
  Adhunik Metaliks, Alembic, Automotive Stampings, Bharat Forge, Mukand, NDTV, Pidilite Industries, Punjab Tractors, Transport Corporation, Gabriel India and Balmer Lawrie
• Suzlon readies 625m pound for REpower, last date for Areva to raise bid expires on Thursday - BS
• Indian ADRs:
  HDFC Bank up 5% and Patni up 4%
• NSE bars further F&O positions in Arvind Mills as 95% of marketwide limit reached (IFCI, JP Hydro already in curb; Tata Tele (M) out of curb)
• New listings:
  Consolidated shares (FV Rs 10) of Action Financial Services to resume trading
• Wockhardt launches insomnia drug Zolpidem in the US; six US FDA approvals in two months
• Satyam signs multi-year contract with UK's Hawker Beechcraft Corp for high-end engg and design services; deal size not disclosed
• Everest Kanto Cylinder board approves:
  Split in FV of shares from Rs 10 to Rs 2
  Expansion with projected outlay of $ 60 m via equity-linked instruments
• Lotte India board meet on May 28 to consider rights issue
• Apollo Tyres suspends operations at manufacturing plant at Kochi
• Syndicate Bank board approves raising capital by issue of 8 cr shares
• Kamat Hotels decides not to go for stock split (Board meeting was yesterday for this purpose)
• Hanung Toys bags USD 65 mn export order over 3 years for home furnishings
• Bharti Airtel cuts ILD tariffs to USA and Canada by 39%
• Board meetings:
  House of Pearl Fashions to consider short-term loan of Rs 27.5 crores to subsidiary Pearl Global
  Triton Corp on acquiring 100% stake in UK-based West Talk Corporate & New Beginnings Finance
• Godrej Consumer Products; brand valuation exercise by UK-based Brand Finance values top 5 brands at Rs 2650 cr - ET (Brands are: Hair Dye, Cinthol, Godrej No. 1, Ezee, FairGlow)
• TV18, Viacom JV announcement likely today - Reports
• Studio 18 ties up with Virgin Comics to publish graphic novels, co-produce movies - ET
• Kalpataru Power Transmission buys 65% stake in logistic co Shubham Logistics
• Tata Motors in talks with Metalsa, a LatAM chassis maker to produce chassis in India for domestic and foreign markets - FE
• Hero Motors inks JV with Sumitomo for disc brakes, IPO likely next year - DBA
• Everest Kanto Q4:
  Net profit at Rs 5.12 cr vs Rs 10.2 cr
  Net sales at Rs 80 cr vs Rs 80 cr (flat)
  OPM at 17.2% vs 19.6%
  FY07 Cons EPS at Rs 39 (CMP: 1145)
• Adani Ent Q4:
  Net profit at Rs 66.2 cr vs Rs 65.3 cr
  Net sales at Rs 3426 cr vs Rs 3256 cr
  OPM at 3.25% vs 2.80%
• City Union Bank Q4:
  Net profit at Rs 26 cr vs Rs 19 cr
  NII at Rs 46.3 cr vs Rs 41.9 cr
  Provisions at Rs 9 cr vs Rs 18 cr
• Orbit Corporation FY07:
  Cons Net Profit At Rs 57.2 Cr
  Cons Income At Rs 193.7 Cr
  FY08 guidance of Rs 550-600 cr topline and Rs 150 cr bottomline
  Orbit says Mumbai prices have not fallen; enquiries for projects have dropped 20-30%