Moneycontrol
Oct 13, 2017 09:09 AM IST | Source: CNBC-TV18

Stocks in the news: RIL, TCS, Dr Reddy's, Bharti Airtel, Tata Teleservices, NBCC

Reliance Industries | TCS | Dr Reddy's Labs | Bharti Airtel | Sun Pharma | Tata Teleservices | Piramal Enterprises | Motilal Oswal | BHEL | NBCC | Shriram EPC are stocks, which are in the news today.


Here are stocks that are in news today:

Results today: Reliance Industries, MCX, Karnataka Bank, Alpha Hi-Tech Fuel, Amal, Bhansali Engineering Polymers, GNA Axles, Integrated Capital Services, Kirloskar Oil Engines, Narbada Gems and Jewellery, Reliance Naval and Engineering, Suraj, Uday Jewellery Industries

TCS Q2
-Consolidated rupee revenue up 3.2 percent at Rs 30,541 crore versus Rs 29,584 crore (QoQ)
-Consolidated dollar revenue up 3.2 percent at USD 4,739 million versus USD 4,591 million (QoQ)
-Revenue growth at 1.7 percent in constant currency terms
-Consolidated EBIT up 10.8 percent at Rs 7,660 crore versus Rs 6,914 crore (QoQ)
-Consolidated EBIT margin at 25.1 percent versus 23.4 percent (QoQ)

-Consolidated net profit up 8.4 percent at Rs 6,446 crore versus Rs 5,945 crore (QoQ)

Reliance Industrial Infrastructure weak results as revenue falls - Q2FY18 YoY
-Revenue down 15 percent at Rs 19.8 crore versus Rs 13.2 crore
-EBITDA down 32 percent at Rs 3.6 crore versus Rs 5.3 crore
-Margin at 18.2 percent versus 22.2 percent

-PAT down 21 percent at Rs 2.6 crore versus Rs 3.3 crore

Bharti Airtel-Tata Teleservices
-Tata and Bharti to combine consumer telecom business
-Airtel to gain 44 million subscribers
-Bharti Airtel will assume Rs 2,000 crore of the Rs 10,000 crore that the Tata group companies owe Department of Telecommunications
-Tata Teleservices had a subscriber base of 44 million and revenue market share (RMS) of 5 percent
-Airtel’s RMS will also rise to more than 40 percent from 35.6 percent in September versus combined 42 percent RMS of Vodafone-Idea
-Bharti Airtel will absorb Tata's consumer mobile business in 19 circles

-Tata Tele merger with Airtel being done on debt-free, cash-free basis

Shriram EPC
-Bags multiple orders worth Rs 349 crore
-Rs 311 crore from Bihar urban Infra development

-Rs 38 crore from Karnataka Urban Infra Development

Government
-Leasing of vehicles purchased, leased before July 1 to attract 65 percent of applicable GST rate

-Revised GST rate on lease, sale of old vehicles to apply for 3 years from July 1

Other stocks and sectors that are in news today:
-Cadila Healthcare in focus: Zydus gets US FDA nod for Trazodone hydrochloride tablets
-Shriram City Union to raise Rs 500 crore via secured non convertible redeemable debentures
-Piramal Enterprises announces QIP of compulsorily convertible debentures for amount of Rs 5,000 crore
-Sun Pharma to increase shareholding in Ranbaxy Malaysia Sdn Bhd, by way of purchase of 6,66,985 shares equivalent to 8.3 percent
-NBCC may acquire 3 PSUs to create construction giant: ET
-Dr Reddy's Labs signs pact with Enorama Pharma to develop and sell Nicotine gum in North America
-Bhushan Power and Steel says resolution professional has admitted claims of over Rs 48,592 crore from lenders, operational creditors and employees
-Motilal Oswal ties up with MMTC-PAMP for online gold sale
-BHEL gets shareholder nod for 1:2 bonus share issue

-Rakesh Jhunjhunwala reduces stake in Federal Bank to 1.85 percent in Q2 from 2.8 percent in Q1.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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