Dhampur Sugar Q1 -Net sales at Rs 341 crore versus Rs 283 crore -Net profit at Rs 57.7 crore versus Rs 13.6 crore -Dhampur Sugar Says PAT higher on back of higher sugar prices, power -Board also approves raising upto Rs 250 crore
Exide Q3 -Net profit at Rs 130 crore -Net sales at Rs 913 crore -Range of margins is 20-25% -Raw material cost is an area of concern
Other board meets today: -Bharat Forge: to issue securities upto $ 150 million (with or without Greenshoe option) -Axis IT&T: consider rights issue -Elpro International: rights -Asian Tea and exports: Acquisition of 100% shares of Sarita Nupur Vyapaar Pvt at a price of Rs 110; to make it wholly owned subsidiary
Forthcoming Board meets: -Sterlite Tech on January 18th to consider issue of Bonus Shares and spilt -Shiva Cement on January 23th to Allot 10m Equity Share Warrants to Promoter -FCS Software on 18th January to consider bonus issue (postponed)
Other stocks that are in news today: -Indian ADR: MTNL up 5% -RIL eyes Lyondell Co-promotership - BS -Zylog to bid for Canadian IT Consultant company -GE Shipping back to buying back vessels, this after selling around 15 ships and canceling orders in last 18 months - BS -DS Kulkarni board approved raising up to Rs 500 crore -HCL Tech okays merger of arm HCL Technoparks with self -Nissan Copper board approves GDR/FCCB issue upto $20 million -FII holding in Entertainment Network & Sterling Holiday Resorts gone below threshold limit -South Koran giant GS Home Shopping buys 15% in Home Shop 18 for $18.5 million - FE -FDC buyback at a maximum price at Rs 65/sh (cmp 71) -No circuit filter on Softech Infinium, Dunlop India
