Moneycontrol
Oct 18, 2016 12:39 PM IST | Source: CNBC-TV18

Stocks in news: Havells, Petronet LNG, Shriram EPC, Om Metals

Havells | Mastek | Petronet LNG | Edelweiss Financial | Om Metals Infraprojects | Aarti Drugs | Shriram EPC | Axis Bank | Piramal Enterprises and Lakshmi Vilas Bank are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Results today: Havells India, Mastek, Can Fin Homes, Greenlam Industries, Hatsun Agro Product, Panasonic Carbon India, Apoorva Leasing Finance, Rasoi, Saven Technologies


Ashok Leyland on CNBC-TV18
-Expect volumes to be back in this quarter
-September had a pre-buy since anti-lock braking system was coming about in October
-Will need more clarity on goods & services tax (GST)
-Steel prices rising on govt-levied minimum imported price level
-Struggle to keep costs down to maintain operating margins at double-digits for 7 quarters
-Should not have to endure unnecessary pressure from steel prices
-Difficult to project what second half of FY17 will be like for medium & heavy commercial vehicle segment
-Confident that GST will come in by April 1, 2017
-There are issues that exist with GST, but everyone wants April 1 roll out


Zensar Technologies Q2
-Consolidated net profit down 2.7 percent at Rs 74.4 crore versus Rs 76.5 crore (QoQ)
-Consolidated total income up 2 percent at Rs 772.1 crore versus Rs 756.8 crore (QoQ)
-Consolidated EBITDA up 7.3 percent at Rs 112.9 crore versus Rs 105.2 crore (QoQ)
-Consolidated EBITDA margin at 14.6 percent versus 13.9 percent (QoQ)


Pil Italica
-Board meeting on October 25 to approve
-Preferential issue of warrants to promoter
-Enter into new line of business
-Investment in corporates

Other stocks and sectors that are in news today:
-IOC to trade ex-bonus - 1:1; F&O lot size revised to 3000
-Aarti Industries approved buyback of 12 lakh shares at a price of Rs 800 per share
-Petronet LNG completed & commissioned 2 LBG storage tanks Dahej LNG terminal from 10 to 15 MMTPA
-Om Metals Infraprojects resumes residential construction of project in Jaipur
-Indian Hume Pipe board meeting on October 26 to consider bonus issue
-Aarti Drugs approved buyback of 3.6 lakh shares at a price of Rs 750 per share
-Bharat Financial Inclusion issued commercial papers worth Rs 100 crore
-Shriram EPC bags order worth more than Rs 61 crore from Karnataka Water Authority
-Axis Bank cuts MCLR by 5 bps across all tenors
-ONGC, Coal India, NTPC etc in focus - Cabinet may clear stake sale in 20 PSUs tomorrow
-Edelweiss Financial arm invests Rs 150 crore in Bangalore Realty Startup
-Piramal Enterprises to set up stressed asset fund with Bain Capital, Appollo Global
-Lakshmi Vilas Bank board approves issuance of equity via QIP issue
-United Spirits appoints VK Vishwanathan as additional director of company

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