Stocks in news

• Steel Cos
  Cut Prices By Rs 4000/tonne For Flat Products
  Agree To Cut Prices By Rs 2000/tonne On Steel Bars, Rods
  Price Reduction By Steel Cos Effective For 3 Months
• Ispat Vice Chmn & MD Says
  -Govt Assures Steel Cos It Will Not Notify Export Duty On Steel
• Results today: Ashok Leyland, Birla Corporation, GIC Housing, Hindustan Motors, Premier, Voltamp
• Gokul Refoils IPO opens today; offer of 71.6 lakh shares; price band Rs 175-195
• Autoline Industries board approves
  - Preferential issue of up to 12.5 lakh shares ((including 5 lakh each to Rakesh Jhunjhunwala & Rekha Jhunjhunwala)) at Rs 235 ((CMP Rs 272))
  - Preferential issue of up to 10.8 lakh convertible warrants to promoters at Rs 250
• IDBI renamed IDBI Bank effective May 7
• L&T moves SC challenging Delhi HC’s order that directed ONGC to consider Malaysia-based Ramunia Fabricators Sdn Bhds' bid for development of oil field in Mumbai offshore - PTI
• Praful Patel Says
  - Impact Of High Cost Of ATF Reason For Worry
  - Airlines Have Revised Fares About Eight Times In A Short Period
  - Load Factor Had Dropped For Most Airlines
• Telecom price war: Idea slashes STD charges to Rs 1.30/min effective 9th May
• Exclusive: RIL-RNRL Case
  - Govt To File Rejoinder In KG Basin Case In Next Few Days: Srcs
  - Rejoinder In Response To RNRL Objection To Govt Intervention: Srcs
  - Rejoinder To Say Intervention In Public Interest: Srcs
• 11.3 cr Cairn India shares to hit the market ((preferential issue))
• 3.2 cr Dhanalakshmi Bank shares to hit the market ((rights issue))
• Board meetings
  Stone India to consider mergers / acquisitions
• Ex-dividend
  GE Shipping (Rs 7.50/sh), Reliance Industries (Rs 13/sh), Shilp Gravures (Rs 2.10/sh)
• Tanla Solutions comes out of ND period
• Mallya drags Heineken to court - ET (Heineken & Carlsberg jointly acquire S&N for $ 15.4bn,Heineken inherits S&N’s 37.5% in UB)
• Manmohan Shetty may run multiplexes operations for RIL- ET
• MTN sets terms for deal with Bharti (Nhelko wants to be CEO of integrated brand, seeks non-compete clause from Bharti)
• PVR, Adlabs & Inox keen on screening IPL, F1 series & Euro2008 - ET
• ITC,L&T on alert as SUUTI begins to sell off assets - ET (Holds nearly 12% in ITC , 9% in L&T, reported last week also)
• Govt may relax rules for power plants in SEZs - Mint
• Promoters bail out DLF assets, lend Rs 1150 cr
• Tech Mahindra expands client base to reduce BT dependence
• Govt to divest residual 26.12% stake in VSNL - BS
• Tata Steel, Vale to invest Rs 1555 cr in Aussie mine - BS
• Rubber prices rise to an all time high
• PE firms shy away from Pharma R&D - FE
• China, Russia may rival Bharti bid for MTN - New York Times
• MRPL Q4
  - Net Sales At Rs 9,500.1 Cr Vs Rs 6,797.9 Cr
  - Net Profit At Rs 225.3 Cr Vs Rs 181.9 Cr
• Shree Cement Q4 (YoY)
  - Net Sales up at Rs 650 cr vs Rs 378 cr ((Estimate at Rs 624 cr))
  - OPM at 39% vs 45.3% ((Estimate at 40.8%))
  - Reported PAT at Rs 41 cr vs Rs 24.50 cr
  - Adjusted PAT at Rs 41 cr vs Rs 40 cr ((Estimate at Rs 118 cr))
  - FY08 EPS at Rs 74
• Punjab Tractors Q4
  - Net profit at Rs 26.7 cr vs Rs 17.4 cr
  - Net sales at Rs 285.9 cr vs Rs 221 cr
  - OPM at 11.5% vs 11.4%
• Mid-day Q4 (QoQ)
  - Net profit at Rs 23 lakh vs Rs 99 lakh
  - Net sales at Rs 27 cr vs Rs 28 cr
  - OPM at 7.2% vs 7.7%
  Mid-day Q4 (YoY)
  - Net profit at Rs 23 lakh vs loss of Rs 2.9 cr
  - Net sales at Rs 27 cr vs Rs 27.9 cr
  - OPM at 7.2% vs 9.9%
  - Q4 last year had extra-ordinary expense of Rs 2.7 cr and also higher depreciation
• Cognizant
  - Q1 Revenue Up 7.2% At $643.1 m
  - See Q2 Revenue Growth Of 5.7% At $680 m