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Stocks in news: Bajaj Auto, Piramal Health, GTL Infra
Hindustan Copper | Raymond | Bajaj Auto | Piramal Healthcare | Chambal Fertilizers | Jaihind Projects | Wendt India | Orient Ceramics | Prism Cement and Cox & Kings are stocks, which are in the news today.
FIPB -Govt approves Cox & Kings plan to allot warrants, NCD of Rs 750 crore -Defers Allcargo Global plan to issue convertible warrants
Allahabad HC -Scraps UP govt land acquisition in greater Noida -Orders 608 hectares in greater Noida be returned to farmers -Compaies Impacted: Supertech, Amrapali, Patel Engineering, Nirala Estate, Arihant
Prism Cement Q1FY12 (cr - crore, vs - versus) -Net Sales up 27% at Rs 978 cr vs Rs 773 cr -Net loss at Rs 10 cr vs net profit Rs 56 cr -Total expenditure up 52% at Rs 966 cr vs Rs 634 cr -EBITDA down 71% at Rs 47 cr vs Rs 161 cr -EBITDA margin at 4.8% vs 20.8% -Bottom-line affected as a reason of high cost of consumption, purchases, freight etc -Moreover the company faced a shutdown in the quarter incurring an addition expense of Rs 25 crore
Honeywell Automation Q1FY12 -Net sales up 5% at Rs 348 cr vs Rs 331 cr -PAT up 17% at Rs 27 cr vs Rs 23 cr -EBITDA up 61% at Rs 37 cr vs Rs 23 cr -EBITDA Margin at 10.6% vs 6.95%
Orient Ceramics and Industries Q1FY12 -Net sales up 16.4% at Rs 71 cr vs Rs 61 cr -PAT down 60% at Rs 2 cr vs Rs 5 cr -Total expenditure up 17% at Rs 68 cr vs Rs 58 cr -EBITDA down 17% at Rs 5 cr vs Rs 6 cr -EBITDA Margin at 7.04% vs 9.84% -Q1FY 11 saw an exceptional gain of Rs 7 crore boosting the bottom line.
Chambal Fertilizers Q1FY12 -Net sales up 21% at Rs 1150 cr vs Rs 951 cr -PAT unchanged at Rs 64 cr -Total expenditure up 23% at Rs 1060 cr vs Rs 859 cr -EBITDA down 3% at Rs 156 cr vs Rs 160 cr -EBITDA Margin at 13.57% vs 16.82%
Rane Madras Q1FY12 -Net sales up 17% at Rs 152 cr vs Rs 130 cr -PAT up 20% at Rs 6 cr vs Rs 5 cr -Total expenditure up 17% at Rs 145 cr vs Rs 124 cr -EBITDA up 13% at Rs 9 cr vs Rs 8 cr -EBITDA Margin at 5.92% vs 6.15%
Other stocks and sectors that are in news today: -Dcom Systems makes an open offer to acquire 20% equity (19.5) lakh equity shares at Rs 140/sh in Jaihind Projects ((CMP: 122)) -Jaihind Projects to convert the 25 lakhs convertible warrants at Rs 60/sh -Ex Dividend: Wendt India Rs 25/sh, Bajaj Electricals Rs 2.8/sh, Gravita India Rs 4/sh, Apcotex Industries Rs 7/sh, Aptech Rs 2.5/sh -Inventure Growth & Securities IPO of 70 lakh shares with a price range of Rs 100-117/sh opens today -F&O ban: Aban Offshore, ABG Shipyard, Kingfisher Airlines -Viom Networks a JV between Tata Teleservices & SREI group may acquire GTL Infra after the company reduces its debt through a restructuring process (DNA) -Chambal Fertilizers proposes demerger of shipping division of the company in India steamship subsidiary -Piramal Healthcare in talks to buy Enam's financial stake in ING Life Insurance valued at Rs 2400 crore (ET) -Govt set to give a conditional approval in the deal between RIL & BP requiring the companies to give assurance on increasing the gas output from the KG-D6 block (ET) -Deadlock over cashless payment ends with PSU firms & hospitals agree on a new set of tariffs except Apollo Hospitals (ET) -DoT unlikely to cancel 53 licenses as recommended by TRAI for non-fulfillment of rollout obligations (BS) -Bajaj Auto to setup its fourth plant near the Mundra port in Gujarat with an investment of Rs 1000 crore plans to export at least 60% production from the plant (BS) -Bajaj Auto likely to raise stake in Austrian sports bike maker KTM power sports from 39.26% to 49% (Mint) - Raymond 's engineering business unit plans to enter the forgings segment during this year plans to invest Rs 200 crore also looking for acquisitions (DNA) -Hindustan Copper unlikely to go ahead with fresh infusion of equity in its FPO under the govt' divestment programme (DNA) -BMC wants to mop up around Rs 3000 crore a year by levying a premium of 100% on developers who wants to exceed FSI by 25% (TOI)
