Feb 21, 2017 12:00 PM IST | Source: CNBC-TV18

Stocks in news: Tata Power, Siemens, Glenmark, Nestle, IDBI Bank

Infosys | Tata Power | Ambuja Cements | Siemens | Glenmark Pharma | Granules | Nestle | IDBI Bank | Mahindra & Mahindra | Indo Gulf | Gammon India | REC and Ashok Buildcon are stocks, which are in the news today.

Here are stocks that are in news today:

Results today: Castrol, ITD Cementation

Ambuja Cements Q4
-Net profit up 59.9 percent at Rs 175.9 crore versus Rs 110 crore (YoY)
-Total income down 6.2 percent at Rs 2,231 crore versus Rs 2,379.2 crore (YoY)
-EBITDA up 0.5 percent at Rs 329.1 crore versus Rs 327.6 crore (YoY)
-EBITDA margin at 14.8 percent versus 13.8 percent (YoY)
-Cement sales volume down 8.8 percent at 5 mt versus 5.48 mt (YoY)
-Tax expense at Rs 24.4 crore versus Rs 118.7 crore (YoY)
-Other income at Rs 41.1 crore versus Rs 83.3 crore (YoY)

KSB Pumps Q3
-Net profit down 5.7 percent at Rs 23 crore versus Rs 24.4 crore (YoY)
-Total income up 3.1 percent at Rs 251.2 crore versus Rs 243.7 crore (YoY)
-EBITDA down 11.7 percent at Rs 36.2 crore versus Rs 41 crore (YoY)
-EBITDA margin at 14.4 percent versus 16.8 percent (YoY)

Glenmark Pharma says
-No outstanding items with US FDA w.r.t Ankleshwar plant
-Ankleshwar plant was inspected by US FDA in December and had got 4 observations
-Had responded to US FDA in January w.r.t observations for Ankleshwar unit

Max Financial block deal likely
-Goldman Sachs' subsidiary GS Mace to sell stake via block deal
-Base book of USD 82 million at floor price of Rs 550/share
-Upsize option of USD 41 million

Other stocks and sectors that are in news today:
-Infosys to probe whistle blower charges
-Tata Power eyes stake sale in renewable power arm
-Granules to invest USD 84 million in expansion
-Panasonic looks to grow AC sales by 35 percent in FY18
-IDBI Bank privatisation back on government agenda
-Nestle took Rs 100 crore sales hit due to note ban
-NCLT reserves order on maintainability of plea by Cyrus Mistry family firms: Mint
-N Chandra might not chair all major Tata Companies
-M&M's Ssangyong (100 percent subsidiary) sees first ever annual profits in 10 years
-Aditya Birla group looking to sell Indo Gulf to Indo Rama
-HMT dropped from BSE CPSE index w.e.f. February 27, 2017
-Gammon India to sell balance 26.06 percent stake in Gammon Infra Projects
-Stampede Capital approved fund raising up to USD 40 million by various options and increase in share capital from Rs 34 crore to Rs 45 crore
-Texmaco Rail incorporated subsidiary – Belur Engineering
-REC entered into 2 MoUs for extending financial assistance up to Rs 15,150 crore
-Karnataka Bank entered into MoU with Daimler India Commercial Vehicles for extending finance facilities
-Siemens wins order worth Rs 287 crore for supplying signaling systems for Nagpur metro
-Ashoka Buildcon in focus: MP Road Development takes over toll operations after expiry of concession period
-GMR Infra says no proposals have been considered or approved by the board

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