Feb 04, 2013 10:15 AM IST | Source: CNBC-TV18

Stocks in news: DCM Shriram, 3i Info, MCX, Tata Motors, Jet

DCM Shriram | 3i Infotech | MCX | OnMobile Global | Divis Labs | IDFC | IFCI | Ranbaxy Labs | DLF | Dunlop India | Gujarat NRE Coke | Jet Airways | Hero Motocorp | Bajaj Auto and Tata Motors are stocks, which are in the news today.

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Here are stocks that are in news today:

Results Today: United Spirits, Kingfisher Airlines, Bank of Baroda, IL&FS Transportation, Jain irrigation, JK Cements, Jubilant Foodworks, Nagarjuna Agrichem, REC, RCF, J&K Bank, ACE, Atul Auto, Varun Shipping, Llyod Steel, Escorts, Fedder Llyod, Hindustan Flurocarbons, IG Petro, Ingersoll Rand, MM Forging, Munjal Showa, Mysore Petro, Rushil Décor, Taj GVK, Tilaknagar Industries, Asian Granito, Borosil, DIC India, Jetking Info, Royal Orchid, Saksoft, Sharp India

Bajaj Auto January sales YoY
-Total sales up 3% at 3.47 lakh versus 3.37 lakh
-Motorcycles up 2% at 3.01 lakh versus 2.94 lakh
-3W sales up 7% at 46263 versus 43436 units
-Exports up 10% at 1.28 lakh versus 1.16 lakh

Tata Motors January sales data (YoY)
-Total sales at 61,660 versus 87,465 units
-Domestic sales at 57,780 versus 80,382 units
-Commercial vehicle sales at 42,571 versus 45,713 units
-Exports at 3,880 versus 7,083 units
-M&HCV sales at 8,722 versus 18,338 units
-PV sales at 15,209 versus 36,770 units

Hero MotoCorp: January sales up 7.21% at 5.5 lakh units

TVS Motor January auto sales (YoY)
-Total sales at 1.75 lakh units versus 1.73 lakh units
-2-wheeler sales at 1.71 lakh units versus 1.71 lakh units
-Local 2-wheeler sales at 1.54 lakh units versus 1.53 lakh units
-Exports up 11% at 20,723 units
-3-wheeler sales up 84% at 4,418 units

Steel Strips Wheels January sales YoY
-Sold 8.01 lakh versus 8.56 lakh steel wheel rims
-Exports at 97,848 versus 68,480 rims

Oil India offer for sale (OFS) over-subscribed at 2.6 times; gets bids for 15.14 crore shares
Alert: Issue size of OIL OFS was of 6.01 crore shares (10 percent stake)
-Oil India raises Rs 3,113 crore via OFS; indicative price at Rs 518/share
Alert: Govt holds 78.43% stake in company pre-divestment

CNBC-TV18 exclusive Oil India says:
-Overall Oil India OFS is a success
-Can be called a very successful OFS
-Will not go for any equity issue in near-term
-“Have adequate cash at this point”
-Investors raised concerns about subsidy sharing
-“Company's share of subsidy burden is Rs 8,000 crore

Govt says
-Oil India OFS gets good retail response
-See OIL divestment mop-up at over Rs 3100 crore
-NTPC stake sale likely after 7-8 days
-Divestment in MMTC, SAIL, RCF likely in March
-Rashtriya Ispat, Hindustan Aeronautics Divestment in FY14
-Govt says expect Oil India share sale cut-off at Rs 520/share

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Jet Airways gives in-principle nod to Etihad deal: Sources (CNBC-TV18 exclusive)
-Jet-Etihad deal announcement may be deferred
-Finishing touches being given to term-sheet
-Restructuring tailwinds crucial for closure
-Tailwinds to transfer equity into Indian arm
-Etihad can infuse further cap into Jet at later date
-Etihad will have to comply with lock-in clause
-Jet board to be overhauled to accommodate Etihad executives
-Etihad to invest in Jet via a subsidiary
Alert: Etihad delegation met finance ministry today

All Nippon Airways denies reports of talks with domestic airlines: DJ
Alert: Media reports: All Nippon Airways in talks with GoAir, SpiceJet

Cabinet may mull price pooling of imported coal this week: Government sources (CNBC-TV18 exclusive)
-Cabinet's move to allow Coal India (CIL) to import coal to bridge deficit
-Pooling for plants commissioned between FY10-FY15
-6,000 MW capacity plants to be considered for pooling
-3 different options of pooling to be discussed by Cabinet
-CIL to supply coal on a cost-plus basis
-Power plants to be allowed pass-through of fuel cost
-Pooling to up power generation cost by 12-23 paise
-Mechanism to be effective for FY14 & FY15 initially
-Pooling mechanism to be reviewed after FY15

Gujarat NRE Coking Coal
-Rejects JSPL's Rs 1200 crore takeover bid
-Company says do not intend to accept JSPL’s all-cash bid
-Asks shareholders not to take action until company releases statement on February 14
Alert: JSPL has 19.48 percent stake in Gujarat NRE Coking Coal

Karnataka mining case: SC seeks new report on rehabilitation work
Supreme Court
-Seeks report on availability of iron ore for sale in Karnataka
-Seeks report on sale options for mined iron ore in Karnataka

Bank of India
-Cuts base rate by 25 basis points to 10.25%
-Cuts BPLR by 25 basis points to 14.50%

Canara Bank
-Cuts base rate by 25 basis points to 10.25% effective February 4
-Cuts BPLR by 25 basis points to 14.25% effective February 4
-Reduces lending rate for car loans

Other stocks and sectors that are in news today:
-Government mulls selling residual stake in BALCO, Hindustan Zinc in market instead of selling them to Vedanta: ToI
-Government may go for strategic sale in IFCI: TOI
-UltraTech Cement eyes ABG Cement unit, offers Rs 4600 crore for 6-7mt unfinished Gujarat project: ET (IFCI holds a small 7.6 percent stake in company)
-Ranbaxy generic Lipitor faces recall threat from US Consumers: ET
-DLF to take IIP route to raise Rs 2100 crore: ET
-V Mart IPO closes on February 5
-GAIL says looking at buying US Shale Gas assets with France's EDF
-Welspun India acquires 13.03% stake in Welspun Retail
-Coal Ministry directs Nalco to furnish Rs 18 crore bank guarantee
-Calcutta HC asks Dunlop India to wind up its biz with immediate effect (CMP Rs 8, market cap Rs 55 crore)
-Central Bank cuts base rate by 25 basis points to 10.25%

-Net profit at Rs 468.7 crore versus Rs 387 crore (YoY)
-NII at Rs 757.7 crore versus Rs 608.7 crore (YoY)
-Gross NPA at 0.26% versus 0.28% (QoQ)
-Net NPA at 0.12% versus 0.13% (QoQ)

Adani Enterprises Q3
-Consolidated net profit at Rs 415.11 crore versus Rs 407.2 crore (YoY)
-Consolidated net sales at Rs 13,610.3 crore versus Rs 9,014.7 crore (YoY)
Adani Enterprises says
-Promoters continue to give financial support to company
-High imported coal cost impacted power biz
-See performance improving at Indonesian mines going forward

Indian Bank Q3
-NII at Rs 1,143.5 crore versus Rs 1,170 crore (YoY)
-Net profit at Rs 331 crore versus Rs 526 crore (YoY)
-Gross NPA at 3.18% versus 2.06% (QoQ)
-Net NPA at 2.17% versus 1.33% (QoQ)
-Capital adequacy ratio at 13.07% as on December 31

Divis Labs Q3
-Net profit at Rs 144.2 crore versus Rs 122.5 crore (YoY)
-Net sales at Rs 533.3 crore versus Rs 416.6 crore (YoY)

OnMobile Global Q3 consolidated
-Net profit at Rs 20.6 crore versus Rs 17.8 crore (YoY)
-Total income at Rs 176.2 crore versus Rs 168.8 crore (YoY)

Kalyani Steels Q3
-Net profit at Rs 5.3 crore versus Rs 9.4 crore (YoY)
-Net sales at Rs 176 crore versus Rs 234 crore (YoY)

-Net profit at Rs 75.87 crore versus Rs 68.8 crore (YoY)
-Total income at Rs 130 crore versus Rs 134.8 crore (YoY)

3i Infotech Q3:
-Consolidated net loss at Rs 73 crore versus loss of Rs 191.5 crore (QoQ)
-Consolidated net sales at Rs 364 crore versus Rs 339.7 crore (QoQ)
-3i Infotech: Amar Chitopanth to step down as Deputy MD on March 15

DCM Shriram Q3
-Consolidated net profit at Rs 60.7 crore versus loss of Rs 25.2 crore (YoY)
-Consolidated net sales at Rs 1,337 crore versus Rs 1,399.7 crore (YoY)

Inox Leisure Q3
-Net profit at Rs 7.7 crore versus Rs 9.5 crore (QoQ)
-Total income at Rs 137.4 crore versus Rs 137 crore (QoQ)

Fame India Q3
-Net profit at Rs 2.87 crore versus Rs 2.3 crore (QoQ)
-Total income at Rs 70.7 crore versus Rs 70.8 crore (QoQ)

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