Here are stocks that are in news today:
Results Today - ICICI Bank, Axis Bank, HCC, JSPL, Lanco Industries, Siemens, Hexaware Technologies, Indiabulls Financial, Kalindee Rail, Kajaria Ceramics, Mahindra Lifespaces, RPG Life, Delta Corp, State Bank of Travancore, Thomas Cook India
Banking Laws amendment Bill 2011 cleared by cabinet
-Cabinet clears ceiling on voting rights for private banks to be capped at 26%
-Cabinet approves standing committee on finance recommendations
Idea Cellular Q4 Q4FY12 QoQ
-Revenues up 6.7% at Rs 5370 crore Vs Rs 5031 crore (poll Rs 5300 crore)
-EBITDA at Rs 1357 crore Vs Rs 1345 crore (poll Rs 1416.9 crore)
-EBITDA at 25.3% Vs 26.7% (poll 26.73%)
-PAT up 19% at Rs 239 crore Vs Rs 201 crore (poll Rs 255 crore)
Idea to CNBC-TV18
-Completely reject proposals of TRAI
-Recommendations are inconsistent, regressive by nature
-TRAI recommendations are very arbitrary
Gujarat Gas Q1
-Net profit at Rs 65 crore Vs Rs 72 crore (YoY)
-Net sales at Rs 714 crore Vs Rs 520 crore (YoY)
Essar Oil says
-Renews pact with BPCL for sale, purchase of oil products
-Renewed 4-year agreement running upto 2016
Government to RIL -Sign GSPA with NTPC & 10 Gas distribution companies
-RIL to supply natural gas from Eastern offshore KG-D6 fields
Nifty changes effective today
**Inclusion Asian Paints and Bank of Baroda
**Exclusion Reliance Power and Reliance Communications
Other stocks and sectors that are in news today:
-IMD says normal monsoon expected for third consecutive year
-Oil Ministry demands tax cut of Rs 6/litre on petrol ET
- Emami in discussions to buy out oral care business of Anchor Healthcare - ET
-SEBI against relaxing 2013 deadline on public holding norms - Mint
-Lodha, Runwal, Sheth developers in talks to buy DLF ’s 17 acre land in Mumbai - BS
-TDSAT asks DoT not to act against Airtel on Penalty Issue
- Ajanta Pharma board approves 2:1 stock split, declares dividend of Rs 7.5/share
-Samvardhana Motherson Finance price band for IPO fixed at Rs 113-118/share
- ONGC wants Centre to offset additional cess on crude
- Strides Arcolabs buys S India’s sterile formulations unit for Rs 125 crore
- Orbit Exports to allot 2.25 lakh equity shares @ Rs 38/shares to promoters upon conversion of optionally convertible warrants (CMP: Rs 89.4)
-TBZ IPO fully subscribed at 1.09x (closed yesterday)-
CCI says
-Approves acquisition of RBS NV by HSBC Bank
-HSBC to acquire retail & commercial banking biz of RBS
-HSBC acquisition to have no adverse impact on competition
-Restated biz sale agreement signed between HSBC and RBS Group companies on February 27
-Agreement signed by HSBC, RBS NV, RBS FSPL, RBS Group plc & RBS plc
Vodafone's Analjit Singh says
-Vodafone was not aware of tax liability; no letter sent to company
-Did not discuss tax matter with finance secretary
-No letter sent to Vodafone in 2007
Cholamandalam Investment & Finance Q4FY12 Consolidated
-Net sales up 55% at Rs 512 crore Vs Rs 331 crore
-PAT up 67% at Rs 61 crore Vs Rs 37 crore
-Total expenditure up 44% at Rs 429 crore Vs Rs 298 crore
-EBITDA up 142% at Rs 87 crore Vs Rs 36 crore
-EBITDA Margins at 17% vs 11%
Tamilnadu Petro Products Q4FY12
-Net sales up 8% at Rs 317 crore Vs Rs 294 crore
-Net loss at Rs 2.5 crore Vs net profit at Rs 25 crore
-EBITDA down 31% at Rs 11 crore Vs Rs 16 crore
-EBITDA Margin at 3.5% Vs 5.4%
-Q4FY11 saw Rs 22 crore arising out of exceptional gains making it profitable
Ador Welding Q4FY12
-Net sales up 21% at Rs 111 crore Vs Rs 91.5 crore
-PAT up 20% at Rs 9 crore Vs Rs 7.5 crore
-Total expenditure up 22% at Rs 100 crore Vs Rs 92 crore
-EBITDA up 8% at Rs 14 crore Vs Rs 13 crore
-EBITDA Margin at 12.6% Vs 14.2%
Everest Industries Q4FY12
-Net sales up 24.5% at Rs 246.5 crore Vs Rs 198 crore
-PAT up 24% at Rs 13 crore Vs Rs 10.5 crore
-Total expenditure up 24% at Rs 229 crore Vs Rs 185 crore
-EBITDA up 31% at Rs 23.5 crore Vs Rs 18 crore
-EBITDA Margin at 9.5% Vs 9.1%
Vesuvius India Q4FY12
-Net sales up 15% at Rs 138 crore Vs Rs 120 crore
-PAT unchanged at Rs 20 crore
-Total expenditure up 22% at Rs 123 crore Vs Rs 101 crore
-EBITDA down 14% at Rs 19 crore Vs Rs 22 crore
-EBITDA Margin at 13.8% Vs 18.3%
