Moneycontrol
Nov 29, 2016 10:15 AM IST | Source: CNBC-TV18

Stocks in news: Tata Steel, Sun Pharma, Idea, Mahanagar Gas, BS

Tata Steel | Sun Pharma | Tata Power | Idea Cellular | Mahanagar Gas | Triveni Engineering | Timken India | BS Limited and India Cements are stocks, which are in the news today.


Here are stocks that are in news today:


Results today: Tata Power, Kanoria Chemical, NFL, Tamil Newsprint, Wanbury

Mahanagar Gas Q2
-Net profit up 40.8 percent at Rs 102.2 crore versus Rs 72.6 crore (YoY)
-Total income down 3.1 percent at Rs 574.2 crore versus Rs 592.7 crore (YoY)
-EBITDA up 34.9 percent at Rs 161.5 crore versus Rs 119.7 crore (YoY)
-EBITDA margin at 28.1 percent versus 20.2 percent (YoY)


Cox & Kings Q2
-Consolidated net profit down 76.6 percent at Rs 27.3 crore versus Rs 117 crore (YoY)
-Tax expense at Rs 31.5 crore versus Rs 71.3 crore (YoY)
-Consolidated total income up 11.7 percent at Rs 2,565 crore versus Rs 2,296 crore (YoY)
-Consolidated EBITDA down 40.6 percent at Rs 188 crore versus Rs 316.8 crore (YoY)
-Consolidated EBITDA margin at 7.3 percent versus 13.8 percent (YoY)


Triveni Engineering Q2
-Net profit at Rs 67.9 crore versus Rs 22.2 crore (YoY)
-Total income up 49.7 percent at Rs 675.5 crore versus Rs 451.3 crore (YoY)
-EBITDA at Rs 122.9 crore versus Rs 58.1 crore (YoY)
-EBITDA margin at 18.2 percent versus 12.9 percent (YoY)


Timken India Q2
-Net profit up 41 percent at Rs 29.9 crore versus Rs 21.2 crore (YoY)
-Total income up 7.3 percent at Rs 296.8 crore versus Rs 276.6 crore (YoY)
-EBITDA up 30.4 percent at Rs 47.6 crore versus Rs 36.5 crore (YoY)
-EBITDA margin at 16 percent versus 13.2 percent (YoY)


BS Q2
-Net loss at Rs 64.4 crore versus profit of Rs 16.2 crore (YoY)
-Total income down 62.5 percent at Rs 228.7 crore versus Rs 610.3 crore (YoY)


Hindustan Composites Q2
-Net profit down 31.9 percent at Rs 10.9 crore versus Rs 16 crore (YoY)
-Total income down 9.8 percent at Rs 48.1 crore versus Rs 53.3 crore (YoY)


Tata Steel
-Signs letter of intent with Liberty House to sell UK speciality steel business
-To sell UK speciality steel business for enterprise value of 100 million pound
-Agreement with Liberty House covers several South Yorkshire-based assets
-Announcement is in line with overall restructuring strategy of UK portfolio
-Letter of intent will give Liberty exclusivity for discussions


Liberty House
-100 million pound consideration includes debt
-Expect to conclude talks in 6 weeks
-Speciality business fits well with company's strategy
-Have a strong relationship with UK Unions
-Will not be taking over any pension liability


India Cements says
-The Competition Appellate Tribunal grants stay against Competition Commission of India penalty of Rs 187.48 crore
-Company to deposit 10 percent of CCI penalty with COMPAT within 1 month


Idea Cellular: Sources
-Drops plan to sell minority stake, puts 100 percent tower assets on block: Sources
-Looking to sell 10,000 telecom towers for close to USD 1 billion
-Reaches out to Bharti Infratel, ATC, Brookfield for tower sale
-Likely to retain its stake in Indus Towers


Pfizer
-To launch series of products under Corex brand
-To discontinue manufacturing of current Corex cough syrup formulation
-Corex cough syrup recorded a sale of Rs 244.5 crore in FY16

Other stocks and sectors that are in news today:
-Sun Pharma launches its first branded ophthalmic product, Bromsite in the USA (used for patients undergoing cataract surgery)
-Aurobindo Pharma gets US FDA nod for Nevirapine tablets (used to treat HIV-1 infection & AIDS)
-Mangalam Industrial Finance today has ex-date for 1:10 stock split
-KPR Mill today has ex-date for 1:5 stock split
-NSE Listings - CMI, KIOCL
-Banco Products board meeting on December 8 to consider buy back of shares
-Shilpa Medicare board meeting on December 1 to consider issue of equity or convertible securities on preferential basis
-CyberTech Systems and Software gets refund of Rs 6.97 crore from IT Department
-Surana Solar gets letter of intent by Paradip Port Trust worth around Rs 65 crore
-Transpek Industry completed buy back worth Rs 13.5 crore at maximum price of Rs 475 per share
-Fineotex Chemical to buy back shares worth Rs 3.99 crore at maximum price of Rs 40 per share
-NTPC has given a conditional approval for Ratnagiri gas and power demerger: FE
-Gujarat seeks Rs 6,600 crore from government for GSPL gas ventures: FE

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