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Jan 23, 2015 12:32 PM IST | Source: CNBC-TV18

Stocks in news: Cairn, ICICI, BHEL, ENIL, Trent, SpiceJet

BHEL | Cairn India | NALCO | IOC | Igarashi Motors | Mahindra Holidays | Polaris | Agro Tech Foods | Zuari Agro Chemicals | Entertainment Network India | Rico Auto | Polaris | VST Industries | Tata Metaliks | Biocon | Phillips Carbon | Trent | SpiceJet and Insecticides India are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today: UltraTech Cement, Omax Auto, Coromandel International, Liberty Shoes, Kolte Patil, Edelweiss, Colgate Palmolive, Bharat Electronics, Alstom India

-Can Fin Home ex-date right at 3:10
-Tata Coffee ex-date stock split from Rs 10 to Re 1
-Mindtree ex-dividend Rs 4/share
-Sasken ex-dividend Rs 2.5/share

-Directorate General of Civil Aviation (DGCA) has allowed the airline to accept advance bookings beyond March 31
-DGCA had earlier restricted SpiceJet to take advance bookings only up to March 31

Insecticides India
-To raise funds via issue of various securities
-To use QIP / GDR / ADR / preferential allotment / private equity
-Amount unspecified

Tata Group/Trent
-Trent Hypermarket — equally owned joint venture between the Tata Group and UK's Tesco
-Company plans to invest Rs 250 crore to open more stores: ET

Fund action
Shemaroo Entertainment
-Tarra Fund buys 1.75 lakh shares at Rs 264.76/share
Essar Ports
-ECap equities limited buys 56.60 lakh shares at Rs 113/share
-Arum Investments Private Limited sells 56.60 lakh shares at Rs 113/share

Gilead challenges patent controller order on Sovaldi in Delhi High court
-Gilead challenges patent controller order rejecting patent application for HEPC drug Sovaldi
alert: Patent controller had denied patent to Gilead's HEPC drug Sovaldi in January 2014
-Delhi High court to next hear Gilead’s patent case on January 30

Igarashi Motors says
-Igarashi Electric & MAPE to buy 97.9 percent stake in Agile Electric for USD 106.4 million
-Igarashi Electric & MAPE to acquire Agile Electric from Blackstone Cap (Singapore)

-Government to divest 5 percent stake in BHEL of total 63.06 percent via offer for sale (OFS)
-Government to divest 10 percent stake in NALCO of total 80.93 percent via OFS
-Government to divest 10 percent stake in IOC of total 68.57 percent via OFS

Rico Auto Industries
-To consider transfer of investments in arms to core investment company
-To mull disposal/transfer of ferrous auto business to subsidiary
-To mull disposal/transfer of aluminium business to subsidiary

-SEBI board approves amendments to debt securities issues guidelines
-SEBI reviews delisting guidelines issued in November 2014
-SEBI board approves consolidation & re-issuance of debt securities, call & put options
SEBI says:
-Investment banker must prove that all shareholders were contacted
-25 percent demat shareholders’ participation scrapped with certain riders
-Minimum 25 percent part payment to be made upfront in rights issue
-Balance payment in 12 months if issue size less than Rs 500 crore
-Issuer to decide timeframe if issue size exceeds Rs 500 crore
-To hike tenure of warrants allotted from 12 to 18 months
-Companies to get 18 months time to list on nation wide stock exchanges
-Companies exclusively listed on regional stock exchanges to get time for listing on nation wide stock exchanges

Infosys CEO Vishal Sikka
-There is a tremendous need for innovation
-Need to look beyond it budgets & consider revenues, costs
-Companies are fighting fundamental disruption in the industry
-Many clients are looking at automation to cut costs

Rane Madras Q3
-Net profit at Rs 2.5 crore versus Rs 5.3 crore (YoY)
-Net sales up 21.1 percent at Rs 192.6 crore versus Rs 159 crore (YoY)

Phillips Carbon Q3
-Net profit at Rs 7 crore versus loss of Rs 15.5 crore (YoY)
-Net sales up 8.3 percent at Rs 606.6 crore versus Rs 560 crore (YoY)

Zee Media Q3
-Consolidated net loss at Rs 10.4 crore versus profit of Rs 6 crore (YoY)
-Consolidated total income up 52.6 percent at Rs 140 crore versus Rs 91.7 crore (YoY)
-Consolidated EBITDA up 17.3 percent at Rs 17 crore versus Rs 14 crore (YoY)
-Consolidated operating margin at 12 percent versus 15.6 percent (YoY)
-Advertising revenue up 63.1 percent at Rs 100.1 crore (YoY)
-Subscription revenue up 12.3 percent at Rs 30.3 crore (YoY)

Cairn India Q3
-Consolidated net profit down 41 percent at Rs 1,350 crore versus Rs 2,278 crore (QoQ)
-Consolidated revenue down 12 percent at Rs 3,504 crore versus Rs 3,982 crore (QoQ)
-Consolidated EBITDA down 23.7 percent at Rs 2,027 crore versus Rs 2,656 crore (QoQ)
-Consolidated EBITDA margin at 57.8 percent versus 66.7 percent (QoQ)
-Consolidated other income down 53 percent at Rs 163 crore versus Rs 346 crore (QoQ)
-Consolidated forex gain at Rs 353.6 crore
Cairn India says
-Rajasthan production up 10 percent at 1.8 lakh boepd
-Production growth in offshore assets up 24 percent
-Quarterly gross production of 20 mmbbl, on track to deliver FY15 guidance
-Uniquely positioned to generate positive free cash flows
-Gas development continues in line with target to double gas production through existing gas pipeline by Q4

HCL Infosystems Q3
-Consolidated net loss at Rs 50.8 crore versus loss of Rs 45.3 crore (QoQ)
-Consolidated net sales at Rs 1,450.5 crore versus Rs 1,682.7 crore (QoQ)

Biocon Q3
-Consolidated net profit down 13.3 percent at Rs 91 crore versus Rs 105 crore (YoY)
-Consolidated revenue up 8.3 percent at Rs 779 crore versus Rs 719 crore (YoY)
-Consolidated EBITDA down 9.1 percent at Rs 170 crore versus Rs 187 crore (YoY)
-Consolidated operating margin at 21.8 percent versus 26 percent (YoY)
Biocon says
-On track to achieve full year revenue growth guidance
-Board approves listing Syngene via offer for sale
-To sell 10-15 percent stake from majority stake in Syngene via OFS
-Timing of Syngene listing to depend on regulatory nods, market conditions
-Entered into pact with Gilead to license its chronic Hepatitis-c, blockbuster product range
-Have inducted former Teva CEO Jeremy Levin as additional independent director on board
-Have inducted Harvard Medical School professor Vijay Kuchroo as additional independent director on its board

Agro Tech Foods Q3
-Net profit at Rs 9.4 crore versus Rs 13 crore (YoY)
-Total income at Rs 195.5 crore versus Rs 197.5 crore (YoY)

VST Industries Q3
-Net profit at Rs 30.4 crore versus Rs 38.7 crore (YoY)
-Net sales at Rs 196.4 crore versus Rs 210.7 crore (YoY)

Tata Metaliks Q3
-Consolidated net profit at Rs 19.3 crore versus loss of Rs 1.3 crore (YoY)
-Consolidated net sales at Rs 319.7 crore versus Rs 367.4 crore (YoY)

Polaris Q3
-Net profit at Rs 39.2 crore versus Rs 49.1 crore (QoQ)
-Income from operations at Rs 475.6 crore versus Rs 476.7 crore (QoQ)
-Dollar revenue at USD 77 million versus USD 78.7 million (QoQ)
-EBITDA at Rs 55 crore versus Rs 60 crore (QoQ)
-Attrition rate at 18.1 percent
Zuari Agro Chemicals Q3
-Net profit at Rs 17.1 crore versus Rs 22 crore (YoY)
-Net sales at rS 1,413 crore versus rS 1,532 crore (YoY)

Mahindra Holidays Q3
-Net profit up 15.7 percent at Rs 23.5 crore versus Rs 20.3 crore (YoY)
-Total income up 9 percent at Rs 206.5 crore versus Rs 189.4 crore (YoY)

Other stocks and sectors that are in news today:
-Zuari Agro Chemicals to raise up to Rs 400 crore via QIP issue
-Government to conduct e-auction of 135 channels of private FM radio in 69 existing cities in 1st phase (Entertainment Network India in focus)
-RBI notifies Depository Receipts Scheme, 2014
-FIPB meet scheduled for today postponed
European Central Bank: (SBI, ICICI BankHDFC Bank etc in focus)
-Keeps benchmark interest rate unchanged at 0.05 percent
-Leaves marginal facility interest rate unchanged at 0.3 percent
-Leaves deposit facility interest rate unchanged at -0.2 percent
-To communicate further policy measures shortly
ECB president Mario Draghi says:
-Plan asset buys of euro 60 billionper month till September-end, 2016
-Eurosystem will start buying investment grade sovereign bonds
-Eurosystem will start buying bonds in March 2015

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