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Stocks in news: Binani Ind, Mah Satyam, CIL, SPARC
HCL Tech | Binani Industries | Mahindra Satyam | Coal India | Hero MotoCorp | Lloyds Steel | Finolex Cables | Kale Consultant | SPARC | Welspun Corp | Prestige Estates and Dena Bank are stocks, which are in the news today.
Supreme Court to pronounce judgment -On cancellation of 2G licenses -On role of home minister in 2G scam -On setting up SIT to over see CBI probe
HCL Tech eyes majority stake in EXL Services: Sources -EXL Service files with SEC for share sale by its shareholders -May raises up to USD 180 million via primary share sale -Additionally shareholders to sell 6.5 m shares or 20.4% stake -Oakhill capital partners to sell 17.3% stake -Chairman Vikram Talwar of company to sell 1.6% stake -President and CEO Rohit Kapoor to sell 1.5% stake
EGoM on disinvestment on Thursday -EGoM on divestment to take call on ONGC & BHEL
Mahindra Satyam (From Boardroom) -Work for Tech Mahindra merger underway -Board has to take a call on merging with Tech Mahindra -Company appointed advisors for merger with Tech Mahindra -Hope to merge company with Tech Mahindra by October -European Biz may grow with a lag of 2-3 quarters -Rupee revenue growth largely due to rupee depreciation -Will invest in new practices & in non-linear platforms -Growth in Q3 led by BFSI
Binani Industries -Acquires 100% stake in 3B from Platinum Equity -Acquires 3B for 275 million Euro (3B is Belgium-based fibreglass co)
Braj Binani says -Acquisition to strengthen groups core operations at global level -3B to raise capacity to 0.2 MTPA by 2013 via Tunisia facility
Coal India to sign fuel supply agreement at full letter of allocation quantity: Sources -Below 80% level, Coal India will be penalized -Above 90% Level, Coal India will be given incentives
Committee of secretary's meets to take stock on domestic Coal pricing -To discuss imported Coal price hikes & solutions -To discuss supply of gas & agenda for EGOM -To discuss coal mine forest clearance -To discuss formation of surplus coal usage policy
Other stocks and sectors that are in news today: -SEBI notifies IPP norms to help promoters dilute stake -Hero MotoCorp January total sales at 5.20 lakh units vs 4.66 lakh units -Lenders convert Air India loan into NCDs with govt guarantee - BS -Govt may out on hold plan to transfer assets of SUUTI to AMC - ET -Lanco plans counter suit against Perdaman - ET -Natural gas priced to be raised to USD 7 from current USD 4.2 under new policy regime in 2014 - FE (RIL and ONGC to benefit) -Lloyds Steel board approves issue of pref shares at Rs 11.65/sh to 3 non listed entities and SBI -SIDBI gives Rs 100 crore loan to SKS Microfinance - Mint -Finolex Cables board approves investment of Rs 80 crore towards capex in next 2 years -Dena Bank board meets on February 6th to consider issue of preferential shares to insurance companies, MFs
Mahindra Satyam Q3 consolidated (cons) QoQ (cr - crore, vs - versus) -Cons net profit at Rs 308 cr vs Rs 238 cr -Cons revenue at Rs 1,718 cr vs Rs 1,577 cr -Forex gain of Rs 66.3 cr vs Rs 33.7 cr -Attrition Rate at 16% vs 25% (YoY)
Kale Consultant Q2FY12 (YoY) -Net sales at Rs 51.1 cr vs Rs 41.8 cr -Net profit at Rs 7.3 cr vs Rs 7.6 cr (QoQ) -Net sales at Rs 51.1 cr vs Rs 48.8 cr -Net profit at Rs 7.3 cr vs Rs 11.7 cr
Zylog Systems Q3FY12(QoQ) -Total Revenues at Rs 583 cr vs Rs 500.4 cr -Net profit at Rs 54.5 cr vs Rs 49 cr
SPARC Q3FY12(YoY) -Revenues at Rs 4.5 cr vs Rs 12.2 cr -Loss at Rs 17.9 cr vs Profit Rs 2.9 cr
Petron Engg Q3FY12(YoY) -Net Sales at Rs. 179.5 cr vs Rs 113.8 cr -Net Profit at Rs. 8.4 cr vs Rs 7.2 cr
Finolex Cables Q3FY12(YoY) -Net Sales at Rs. 493 cr vs Rs 505 cr -Net Profit at Rs. 13.7 cr vs Rs 26.1 cr
Welspun Corp Q3 -Cons net loss at Rs 70 cr vs profit of Rs 150 cr -Cons net sales at Rs 2,450 cr vs Rs 1,590 cr
Prestige Estates Q3 YoY -Net profit at Rs 28 cr vs Rs 54.4 cr -Net sales at Rs 167 cr vs Rs 363 cr
