Stocks in the news: RIL, Wipro, Balaji Tele, Bajaj Auto, GMR, JP Associates, InterGlobe

Here are stocks that are in news today:

Results today: Ashok Leyland, Persistent Systems, Can Fin Homes, DHFL, Quess Corp, Atul, Tata Sponge Iron, Mafatlal Finance, Tinplate, DIC INDIA, Hindustan Dorr-Oliver, Indian Bank, MRPL, SNL Bearings, Uttam Value Steels, Chowgule steamships, Duke offshore, Aurum Soft Systems

Reliance Industries Q1
-Consolidated revenue at Rs 90,537 crore versus Rs 92,889 crore (QoQ)
-One-time gain of Rs 1,087 crore on sale of stake in Gulf Africa Petro
-Petchem revenue at Rs 25,461 crore versus Rs 26,478 crore (QoQ)
-Consolidated net profit at Rs 9,079 crore versus Rs 8,053 crore (QoQ)
-Consolidated GRMs at USD 11.90/bbl versus USD 11.50/bbl (QoQ)
-Singapore GRMs flat at USD 6.40/bbl

Balaji Telefilms
-To issue 2.5 crore shares to Reliance Industries at Rs 164/share on preferential basis
Alert: Balaji Tele promoter stake in company to come down to 32.5 percent post share sale
-Reliance Industries invests Rs 413 crore to buy 24.9 percent stake in Balaji Tele
-Reliance Industries gets 2 board seats on Balaji Tele

Wipro Q1
-USD revenue up 0.9 percent at USD 1,971.7 million versus USD 1,954.6 million (QoQ)
-EBIT margin at 16.8 percent versus adjusted 17.6 percent (QoQ)
-Constant currency growth at 0.3 percent versus guidance of -2 percent to 0 percent
-Rupee revenue at Rs 13,025.6 crore versus Rs 13,402 crore (QoQ)
-Board approves buyback upto 343.75 million shares
-Board approves buyback via tender offer at Rs 320 per share
-Expect Q2 dollar IT revenue in the range of USD 1,962-USD 2,001 million
-Delivered revenue above upper end of guidance range
-Impact of margin by rupee appreciation & salary hike offset by business efficiencies
-Expect dollar revenue growth for Q2 in the range of -0.5 percent to 1.5 percent

RBL Bank Q1
-Net profit up 45 percent at Rs 141 crore versus Rs 97.3 crore (YoY)
-NII up 54.7 percent at Rs 378.4 crore versus Rs 244.6 crore (YoY)
-Gross NPA 1.46 percent versus 1.2 percent (QoQ)
-Net NPA at 0.81 percent versus 0.64 percent (QoQ)
-Provisions at Rs 94.5 crore versus Rs 82.1 crore (QoQ) & versus Rs 42.6 crore (YoY)
-NIM at 3.54 percent versus 2.8 percent (YoY)

Lupin: Sources
-US FDA to begin inspection of company's Pithampur unit 1 from Monday, July 24
-Company's unit 2 & 3 at Pithampur inspected by US FDA earlier this year
-Company's unit 2 inspected by US FDA from May 8-19; issued 6 observations
-Company's unit 3 inspected by US FDA from June 12-16; issued 5 observations
-Around 40-50 percent of pending ANDAs filed from Goa
Alert: Lupin has no comment to offer w.r.t Pithampur's inspection

Gravita
-Starts recycling and commercial production of PET Flakes at its new recycling plant at Jamaica
-Capacity of 4800 MTPA, investment of Rs 6.5 crore and expected to generate revenues of Rs 10 crore with gross margins of 37 percent in initial year

Eurofins-Advinus seal
-Transaction is expected to close in the next several weeks
-Deal to enhance eurofins' contract research, development & manufacturing capabilities
-Advinus chairman says deal will help company rapidly expand its analytical portfolio & services
Alert: Advinus stakeholders include Tata Sons, Tata Industries & Rallis India

Eurofins pipped European companies like SGS, Indian companies Lambda & GVK Bio in bidding: Sources
-Deal valued between Rs 350 crore & Rs 400 crore
-Bidding process lasted about 2 months

Jet Airways to employees
-Focus over last few months has been on fleet & network rationalisation
-Had to revisit manpower needs given focus on network rationalisation
-Aim to retain employees while balancing cost structure
-Will offer employees a 10-day block every month in the interim
-Aviation industry requires stakeholders to be flexible & take constant measures
-Constant measures needed to ensure sustenance & longevity
Alert: 10-day block means 10 days of unpaid leave every month

Bajaj Auto to shareholders:
-Close to finalising an alliance with a global brand; announcement in 1-2 weeks
-Potential alliance will open up up enormous possibilities for growth
-Company missing in segments dominated by Harley-Davidson & Royal Enfield
-KTM & Husqvarna can together sell 1 million motorcycles a year

GMR: Sources
-GMR Rajahmundry’s Rs 2,366 crore loan became NPA in Q1
-GMR Rajahmundry was admitted into SDR in January, 2016
-Lenders to GMR Rajahmundry include IDBI, IDFC & 7 other banks
Alert: After 18 months of standstill, loans in SDR classified NPA

Other stocks and sectors that are in news today:
-Aurobindo Pharma gets tentative US FDA nod for Esomeprazole (used to treat acid reflux, ulcers)
-Jaiprakash Associates shareholding: Rakesh Jhunjhunwala buys 1.03 percent stake in company in April-June quarter
-Devendra Chawla- chief executive officer of Future Consumer has tendered his resignation
-Mercator board meeting on July 25 to consider fund raising
-South India Paper Mills workers agree to call of strike
-Welspun Corp company wins order from customer in India for supply of 100K MT's piper for water projects in India
-Kwality - Brickwork revises rating from stable to positive for fund based long term and NCDs
-PEL goes ex-dividend today, dividend of Rs 21 crore
-Bajaj Auto may join KTM in race to buy Ducati: ET
-Zee Media in advanced talks to buy BTVi: ET
-ABG Shipyard agrees to insolvency proceedings: Mint
-GST cost stops Britannia, Tata Tea Kerala supplies
-InterGlobe Aviation in focus - IndiGo said to pick banks like CitiGroup, JP Morgan Chase and Morgan Stanely for institutional share sale: Bloombergquint
-Jaypee Infra has time till August 4 to respond to insolvency plea
-IT Department slaps USD 14 million tax demand on Make My trip

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.