Moneycontrol
Jan 13, 2017 04:11 PM IST | Source: Moneycontrol.com

Stocks in news: TCS, Maruti, ONGC, NTPC, SpiceJet, M&M, Idea

TCS | Maruti Suzuki | ONGC | Bharti Airtel | NTPC | SpiceJet | Mahindra & Mahindra | Hathway Cable | Vivimed Labs | Idea Cellular | Bharat Financial Inclusion | KCP Sugar | Mahindra Lifespaces and Electrosteel Castings are stocks, which are in the news today.


Here are stocks that are in news today:


Results today: Infosys, Goa Carbon, Gruh Finance, IL&FS Transportation


TCS Q3
-Net profit up 2.9 percent at Rs 6,778 crore versus Rs 6,586 crore (QoQ)
-Rupee revenue up 1.5 percent at Rs 29,735 crore versus Rs 29,284 crore (QoQ)
-Dollar revenue Up 0.3 percent at USD 4,387 million versus USD 4,374 million (QoQ)
-EBIT up 1.5 percent at Rs 7,733 crore versus Rs 7,617 crore (QoQ)
-EBIT margin at 26 percent versus 26.01 percent (QOQ)
-BFSI revenue up 1.7 percent at Rs 12,021 crore versus Rs 11,821 crore (QoQ)
-Manufacturing revenue up 0.7 percent at Rs 3,155 crore versus Rs 3,133 crore (QoQ)
-Retail & consumer business revenue up 1.2 percent at Rs 5,143 crore versus Rs 5,080 crore (QoQ)
-Communication, media & tech revenue down 2.9 percent at Rs 4,751 crore versus Rs 4,893 crore (QoQ)
-BFSI EBIT down 1.2 percent at Rs 3,309 crore versus Rs 3,350 crore (QoQ)
-Manufacturing EBIT up 11.3 percent at Rs 963 crore versus Rs 865 crore (QoQ)
-Retail & consumer business EBIT down 1.3 percent at Rs 1,468 crore versus Rs 1,488 crore (QoQ)
-Communication, media & tech EBIT down 8.7 percent at Rs 1,315 crore versus Rs 1,440 crore (QoQ)
-BFSI EBIT margin at 27.5 percent versus 28.3 percent (QoQ)
-Manufacturing EBIT margin at 30.5 percent versus 27.6 percent (QoQ)
-Retail & consumer business EBIT margin at 28.5 percent versus 29.3 percent (QoQ)
-Communication, media & tech EBIT margin at 27.7 percent versus 29.4 percent (QoQ)
-Dividend at Rs 6.50/share
-Digital revenue at 16.8 percent; up 30.2 percent (YoY)
-Attrition at 11.3 percent (LTM) in IT services
-Added 2 clients in USD 50 million band & 5 clients USD 10 million band


Tata Sons appoints N Chandrasekaran as chairman
Tata Sons says
-Chandrasekaran to take charge from February 21, 2017
-Selection panel unanimously recommended N Chandrasekaran
-Chandrasekaran has demonstrated exemplary leadership as TCS CEO & MD
-Believe Chandrasekaran will inspire group to realise its potential
-Rajesh Gopinathan appointed TCS CEO
-NG Subramaniam appointed TCS COO


Reliance Industrial Infrastructure Q3
-Net profit down 32.5 percent at Rs 2.7 crore versus Rs 4 crore (YoY)
-Total income up 4.1 percent at Rs 23 crore versus Rs 22.1 crore (YoY)
-EBITDA down 10.9 percent at Rs 4.9 crore versus Rs 5.5 crore (YoY)
-EBITDA margin at 21.3 percent versus 24.9 percent (YoY)


Hero Motocorp
-Forays into Argentinian market, ties up with Marwen SA for assembly, distribution
-Launches 5 new products, to locally assemble them in Argentina initially
-To launch latest product 'Glamour 125' globally, in Argentina
Pawan Munjal says
-Glamour 125 to be available across global markets post launch in Argentina


Mahindra & Mahindra
-M&M launches Carkwozy – multi brand digital car
-Company looking to sell 100,000 in CY17


Bank of Baroda
-Declares 200 borrowers as wilful defaulters
-Names include Surya Vinayak, Sai InfoSystem etc


ONGC
-Government to offload 51 percent in Pawan Hans
-ONGC holds 49 percent in this company


Hathway
-Approved withdrawal of demerger of broadband business
-To revoke merger of 3 subsidiaries with itself
-To spin off cable TV business into subsidiary
-Provided approval to 5 subsidiaries to spin off their cable TV business


Vivimed Labs
-Approved withdrawal of warrants to promoter and Kitara Piin
-Seeks shareholder approval for issue of 125 lakh warrants and raise capital up to Rs 500 crore

Other stocks and sectors that are in news today:
-Maruti Suzuki to launch Ignis today
-Bharti Airtel & Kotak Mahindra Bank will spend Rs 3,000 crore to develop pan-India digital payment ecosystem
-SpiceJet inks order for 75-125 Boeing 737 Max planes, costing USD 8.25-USD 13.75 billion
-Mahindra Lifespace to invest Rs 3,000 crore to build an industrial park near Ahmedabad
-PepsiCo sells its defunct Duke’s plant in Mumbai to Wadhwa group (5 million square feet)
-Bharti Airtel, Vodafone & Idea: Attorney general clears levy of Rs 3,050 crore of penalty on these 3 companies (due to breaking of license conditions over carious circles)
-Rajasthan government has agreed to transfer its 1,000 MW Chhabra thermal power plant to NTPC
-Idea Cellular is looking to raise Rs 500 crore via non-convertible debentures (NCDs)
-CCL International: ICRA reaffirms rating of BB and short term rating of A4+
-Deep Industries: CARE upgrades long term rating from A- to A and short term rating from A2+ to A1
-Shriram Transport: S&P assigns rating of BB+ to rupee denominated bonds
-India Cements: CARE upgrades long term rating to A- and short term rating to A1
-Force Motors issued commercial papers worth Rs 200 crore
-Mercator: QIP committee meeting on January 17 to consider closure of QIP and approval of issue price
-Bharat Financial Inclusion assigns a pool of receivables worth Rs 313.78 crore to one of the largest public sector banks
-REC incorporated 3 project SPVs as wholly owned subsidiaries
-KCP Sugar December production of sugar at 1.04 lakh quintals and sales at 7.43 lakh quintals
-Future Consumer approved issue of NCDs
-Electrosteel Castings: Government of India grants mining lease of 192.5 hectare in Jharkhand
-Shree Digvijay Cement says Gujarat HC asks government to to issue grant orders & execute mining leases post environment nod
-Tree House Education board approves conversion of Pre-schools into franchise

tags #Bank Of Baroda #Bharat Financial Inclusion #Bharti Airtel #CCL International #Deep Industries #Electrosteel Castings #Force Motors #Future Consumer #Goa Carbon #GRUH Finance #Hathway Cable and Datacom #Hero Motocorp #Idea Cellular #ILandFS Transportation Networks #India Cements #Infosys #KCP Sugar Ind Corp #Kotak Mahindra Bank #Mahindra and Mahindra #Mahindra Lifespace Developers #Maruti Suzuki India #Mercator #NTPC #Oil and Natural Gas Corporation #Reliance Industrial Infrastructure #Rural Electrification Corporation #Shree Digvijay Cement Company #Shriram Transport Finance Corporation #SpiceJet #stocks #Stocks in News #Tata Consultancy Services #Tree House Education and Accessories #Vivimed Labs

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