Jan 23, 2013 09:58 AM IST | Source: CNBC-TV18

Stocks in news: Polaris, DLF, IG Petro, Fortis Health, Hero

Maral Overseas | Everest Industries | AP Paper Mills | Polaris | DLF | HDIL | Educomp Solutions | IG Petrochemicals | Fortis Healthcare and Hero Motocorp are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today: JSW Energy, Karnataka Bank, Zee Entertainment, Sun TV, Reliance Communications, Syndicate Bank, Indiabulls Power, Havells India, Novartis India, Rallis India, Sasken Communications, Supreme Industries, Peninsula Land, Rane Madras, Deepak Fertilizers, Parry Sugar, Navneet Publication, Kirloskar Brothers, Mafatlal Finance, SNL Bearing, Indiabulls Infra, Ajanta Pharma, Agro Tech Foods, Emco

Finance Minister P Chidambaram says: (To investors in Hong Kong)
-Target of fiscal deficit of 5.3% will not be breached
-There is a revival of investor interest in India
-'Ghost' of controversial General Anti Avoidance Rule (GAAR) has been 'buried'
-No threat of rating downgrade
-India committed to path of fiscal prudence
-Will budget in more than 4.8% fiscal deficit next year
-Universal acknowledgement GAAR situation handled effectively
-Buried the ghost that GAAR will be some kind of a monster

Airport Authority of India (AAI sources on Kingfisher Airlines (KFA): CNBC-TV18 exclusive
-Cannot let airline fly without settlement of dues
-Settlement of dues is non-negotiable
-Written directive from ministry needed to give KFA more time
-Settlement of dues must for airline to fly
-Given nod to airports to give away KFA slots as per demand
Alert: KFA owes Rs 290 crore to AAI

On CNBC-TV18: KFA pilots’ advocate Ajay Brahme says:
-Legal notice issued by ex-pilots to KFA management
-Notice alleges cheating & fraud on part of KFA management
-Will file a winding up petition after 3 weeks
-Yet to decide jurisdiction for winding up petition
-Could file winding up petition in Bangalore or Delhi HC

SBI Chairman says: From PTI:
-KFA needs to invest at least Rs 2,000 crore to restart operations
-Not contemplating legal action against KFA
-'Door for negotiations with KFA still open'

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Hero Motocorp union sources: CNBC-TV18 exclusive
-Hero Motocorp workers to 'go slow' at Gurgaon from tomorrow
-Decision taken after long deliberations with workers
-Unhappy with slow progress of talks with management
-Next round of talks on January 25
-Deputy labour commissioner to participate in talks
-If deadlock continues can take other 'drastic' steps
-Daruhera workers in full support of slowdown
-Daruhera workers will also slow production on Thursday

Hero MotoCorp to CNBC-TV18
-'Overall welfare of workers is our top priority'
-'To take prudent decisions in best interest of our workers'
-Have had several rounds of talks with Gurgaon plant union
-Will continue to engage with workers to reach amicable solution
-Won't be coerced by external pressure tactics

Law Ministry okays restoring NTPC's 3 de-allocated coal blocks: Sources
-Withdrawal on the basis of legal analysis
-NTPC coal block reallocation letter to be sent by Wednesday
Coal Ministry says:
-Have withdrawn deallocation of coal blocks to NTPC
Alert: NTPC's Chatti Bariatu & Kerandari blocks deallocated in June 2011
-Matter examined in consultation with law ministry
-NTPC may further apply for coal blocks

Jaiprakash Associates
-To offer 2.78 crore shares to Jaypee Infratech on January 24
-May also sell up to 7.06 crore shares in offer for sale

Tata Steel to delist Indian Steel & Wire from Calcutta Stock Exchange
-ISWPL public shareholders get exit option at Rs 135 per share

Other stocks and sectors that are in news today:
-Polaris appoints task force to unlock shareholder value, may sell its smaller product business or demerge software services into separate company: TOI
-Govt sources say EGoM to decide February 5 reserve price for NTPC share sale: NW18
-Bajaj Finance: Rights issue to begin on February 6 and close on February 21
-Fortis Healthcare gets SEBI nod for QIP
-TCS implements IT solution for BNP Paribas in US
-Educomp Solutions allots 29 lakh shares to promoters upon conversion of warrants
-IG Petrochemicals shut down 1 unit of Taloja plant for 15 days
-HDIL MD sells 5 million shares in open market for Rs 57 crore: NW18
-Bharta Light raises Rs 200 crore to buy DLF’s wind energy assets: ET
-Mapro Industries open offer at Rs 20/share

Polaris Q3:
-Consolidated net profit at Rs 40.7 Crore Versus Rs 55.1 Crore (QoQ)
-Consolidated income from operations at Rs 560.6 Crore Versus Rs 585.9 Crore (QoQ)
Indiabulls Real Estate Q3:
-Consolidated net profit at Rs 52.3 Crore Versus Rs 41.8 Crore (YoY)
-Consolidated net sales at Rs 325.9 Crore Versus Rs 348.7 Crore (YoY)

Kansai Nerolac Q3:
-Net profit at Rs 48.9 Crore Versus Rs 52.7 Crore (YoY)
-Net sales at Rs 764 Crore Versus Rs 662.3 Crore (YoY)

Kirloskar Oil Engines Q3:
-Net profit at Rs 44.8 Crore Versus Rs 35.1 Crore (YoY)
-Net sales at Rs 531 Crore Versus Rs 586 Crore (YoY)

Tata Sponge Q3:
-Net profit at Rs 20.6 Crore Versus Rs 16.8 Crore (YoY)
-Net sales at Rs 196.2 Crore Versus Rs 126.6 Crore (YoY)

AP Paper Mills Q3
-Net loss of Rs 28.14 Crore Versus loss of Rs 21.4 Crore (YoY)
-Net sales at Rs 244.2 Crore Versus Rs 191.8 Crore (YoY)

VST Industries Q3 (proxy to ITC)
-Net profit at Rs 33.4 crore Versus Rs 38 crore (YoY)
-Net sales at Rs 175 crore Versus Rs 173 crore (YoY)

Everest Industries Q3
-Net profit Rs 9.6 crore Versus Rs 7.3 crore (YoY)
-Net sales at Rs 255.7 crore Versus Rs 208.4 crore (YoY)

Saint Gobain Q3
-Net profit Rs 1.10 crore Versus Rs 2.55 crore (YoY)
-Net sales at Rs 26.7 crore Versus Rs 26.5 crore (YoY)

Maral Overseas Q3
-Net profit at Rs 6.3 crore Versus Rs 1.5 crore (YoY)
-Net sales at Rs 134.7 crore Versus Rs 129.8 crore (YoY)

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