Stocks in news: HDFC Bank, Ranbaxy, Gail

Stocks in news:

• Results today:
  Allsec Technologies, Assam Co, Central Bank, Gokul Refoils, Indian Hotels, LT Overseas, Tata Power and United Breweries
• New listing:
  Oswal Spinning & Weaving to resume trading; no circuit filter today
• Ex-dividend:
  Sundaram Brake (Rs 6/sh)
• BSP Withdraws Support From UPA Government; BSP Has 17 MPs In Lok Sabha
• FM Urges Oil Producing Nations To Adopt A Price Band Mechanism, OPEC announces 2% hike in production
• Fin Secy Says
  Inflationary Pressures Will Persist For Next 3 Months
  Expect RBI Governor To Take Monetary Policy Action
  Dollar-Rupee Situation To Also Impact Inflation For Next 7 Mths
• Banking:
  HDFC Bank Hikes Benchmark PLR By 25 bps To 15.25% Effective June 18
  PNB To Hike Lending, Deposit Rates By 50 bps By June end: NW18
  Most other banks prefer wait & watch policy
• Ranbaxy
  EGM on Jul 15; may consider pref issue, regulatory issues on stake sale
  Seeks peace with Takeda: BS
  Eyes more acquisition despite change in management: ET
• Ranbaxy BS backgrounder:
  Eyes out-of-court settlement with Takeda on Actos, drug with annual sales of over $1 bn in the US alone
  Expects a six-month marketing exclusivity in the US
• GAIL board meet to consider bonus issue
• Zandu Pharma:
  Today last day for counter offer; Emami bought 22% & made offer @ Rs 7315
  Parikh family ups stake in Zandu to 22%, buys 2% from open market last week: ET
• India ADRs:
  Wipro down 7.5%, Satyam, ICICI Bank down 5.8%,
• Tata-JLR to spend EUR 700 m on R&D: Reports
• Lotus Eye Care Hospital subscribed 1.18 times
• KSK Energy Ventures IPO opens today; offer of 3.46 cr shares; price band Rs 240-255
• Madras Cements board meet on June 30 to consider stock split & bonus
• S Kumar’s subsidiary Reid & Taylor to get $100 mn PE infusion at Rs 150/sh: ET
• Courier firms hike rates by upto 20% following hike in crude prices: ET
• Warburg Pincus acquires 15% in outdoor media co Laqshya Media for Rs 276 cr: ET
• SEBI grants open offer exemption to Abbott Capital in Abbott India buyback; board had approved buy back @ Rs 650/sh in Sep 07
• Abbot India Q4
  Net Sales: Rs 147.8 cr vs Rs 133.2 cr
  Other Income: Rs 3.9 cr vs Rs 5.4 cr
  Operating Profit: Rs 18.3 cr vs Rs 14.3 cr
  Net Profit: Rs 14.1 cr vs Rs 12.9 cr
• Dredging Corp Q4
  Net Sales: Rs 190.7 cr vs Rs 201.95 cr
  Other Income: Rs 34.9 cr vs Rs 13 cr
  Operating Profit: Rs 14.1 cr vs Rs 70.2 cr
  Net Profit: Rs 50.15 cr vs Rs 64.4 cr
  Tax writeback of Rs 15.33 cr Vs outflow Rs 4.85 cr
  Employee Cost: Rs 29.4 cr vs Rs 8 cr
• House of Pearl Q4
  Net Sales: Rs 15.1 cr vs Rs 1.6 cr
  Other Income: Rs 2.4 cr vs Rs 1.9 cr
  Operating Profit: Rs 42 lakh vs Rs 22.4 lakh
  Net Profit: Rs 1.36 cr vs Rs 1.62 cr
• EIH Q4
  Net Sales: Rs 339.9 cr vs Rs 300.4 cr
  Other Income: Rs 18.13 cr vs Rs 15.3 cr
  Operating Profit: Rs 153.3 cr vs Rs 107.02 cr
  Net Profit: Rs 65.4 cr vs Rs 59.3 cr
• Rohit Ferro Tech FY08
  Net Sales: Rs 613.1 cr vs Rs 199.2 cr
  Other Income: Rs 12.3 cr vs Rs 4.4 cr
  Operating Profit: Rs 115.3 cr vs 28 cr
  Net Profit: Rs 80.2 cr vs Rs 19.2 cr