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Jul 16, 2013, 09.39 AM IST | Source: CNBC-TV18

Stocks in news: Exide, Advanta, Crompton, MphasiS, Jet

Exide Industries | CMC | Advanta India | Crompton Greaves | MphasiS | Sandur Manganese | Jet Airways | Atul Auto and Tata Motors are stocks, which are in the news today.

Here are stocks that are in news today:

Results Today - Ashok Leyland, Development Credit Bank, NIIT Technologies, S Kumars Nationwide, Sabero Organics, Supreme Industries

RBI tightens measures (Important for rupee)
RBI Governor D Subbarao says:
-Announces measures to address exchange rate volatility
-Marginal standing facility rate to be 300 bps above repo rate
-Marginal standing facility recalibrated at 10.25 percent versus 8.25 percent with immediate effect
-Bank rate stands adjusted at 10.25 percent versus 8.25 percent earlier with immediate effect
-Funds under liquidity adjustment facility (LAF) limited to 1 percent of Net Demand and Time Liabilities (NDTL)
-Changes in LAF to come into effect from July 17
-To conduct open market operation (OMO) of Rs 12,000 crore on July 18
-Allocation of funds under LAF capped at Rs 75,000 crore
-Rupee has depreciated markedly in last 6 weeks
-To continue to closely monitor markets, liquidity, macro economic developments
-Demand for foreign exchange is up partly on domestic liquidity improvement

RBI says:
-Companies can refinance rupee debt for investment in joint venture, arms via FX
-Only manufacturing, infrastructure, hotel companies can refinance rupee debt via FX

Tata Motors :
-June global wholesales at 84.458 versus 81,241 units (MoM)
-June passenger vehicle wholesales at 42,881 versus 41,272 units (MoM) 
-June Jaguar Land Rover (JLR) wholesales at 30,536 versus 28,874 units (MoM)
-June commecial vehicle wholesales at 41,577 versus 39,969 units (MoM)

Neyveli Lignite (NLC) divestment:
-SEBI approves Tamil Nadu govt's proposal to buy 5 percent stake in company
-16 trade unions in NLC withdraw strike

Govt files affidavit in Indraprastha Gas (IGL) versus PNGRB case in SC
-PNGRB has no powers to fix transmission fee
-PNGRB cannot fix tariffs unless 3rd party uses network
-PNGRB cannot fix tariffs for city gas distribution (CGD) companies like IGL
Alert: Next hearing of IGL Vs PNGRB case postponed to Thursday

Other stocks and sectors that are in news today:
-PM to discuss FDI related issues today
- Crompton Greaves buy back offer starts today, buy back at maximum Rs 125/share
-HP stalls Mphasis stake sale TOI
- JSW Steel eyes Sandur Manganese for iron ore boost, cost saving ET
- Jet Airways , Etihad water down prickly deal clauses to pacify regulators ET (3 crucial clauses diluted to address SEBI and FIPB concerns
- Unitech launches FD scheme
-Delhi High Court defers Merck - Glenmark case hearing till July 22
- HDIL versus MIAL case adjourned, will be considered today
- Andhra Bank to cut base rate by 25 bps to 10.00 percent and benchmark prime lending rate (BMPLR) by 25 bps to 14.25 percent effective July 22
-June Auto Sales: Atul Auto total sales at 2,802 Vs 2,502 units (YoY)

Shriram Transport Finance to raise Rs 750 crore via NCD issue
-NCD’s issue opens today, Close on July 29th

DoT secretary says:
-Reliance Jio gets 6 months extension for testing 4G services
-Reliance Jio testing 4G services in Delhi, Mumbai & Jamnagar

Exide Industries Q1:
-Net Profit at Rs 159 Crore Versus Rs 152 Crore (YoY)
-Revenue at Rs 1,627.5 Crore Versus Rs 1,553.6 Crore (YoY)
-EBITDA at Rs 261 Crore Versus Rs 232.3 Crore (YoY)
-OPM at 16.1 percent Versus 14.9 percent (YoY)

CMC Q1 consolidated
-Net profit at Rs 53.1 Crore Versus Rs 58.4 Crore (YoY)
-Net income at Rs 486.6 Crore Versus Rs 452.3 Crore (YoY)

Oberoi Realty Q1 consolidated
-Net profit at Rs 101.8 Crore Versus Rs 100.8 Crore (YoY)
-Net sales at Rs 210.3 Crore Versus Rs 197.6 Crore (YoY)

Advanta India Q2 consolidated
-Net profit at Rs 31.7 Crore Versus Rs 14.3 Crore (YoY)
-Net sales at Rs 311 Crore Versus Rs 247.4 Crore (YoY)

Reliance Industrial Infrastructure Q1:
-Net profit at Rs 5.5 Crore Versus Rs 5.3 Crore (YoY)
-Income from operations at Rs 20.5 Crore Versus Rs 17 Crore (YoY)

Ex-Dividend
- Novartis India Rs 10/share
- Mcleod Russel Rs 7/share

Empowered group of ministers (EGoM) on KG-D6 gas allocation to meet today: Sources
-EGoM to resolve power companies' gas availability matter
-EGoM to mull giving power companies equal priority as fert sector
-EGoM to mull diverting gas from fertiliser to power sector
-EGoM proposal to divert 9.07 mmscmd from fertiliser to power companies
-EGoM proposal to divert 1.72 mmscmd from LPG to power companies
-Diversion to power to enable savings of Rs 11,700 crore per annum

Set email alert for
Tata Motors Neyveli Lignite IGL
Crompton Greave MphasiS JSW Steel
Jet Airways Unitech Glenmark
Merck HDIL Andhra Bank
Atul Auto Exide Ind CMC
Oberoi Realty Advanta Rel Ind Infra
Novartis India Mcleod Sandur Manganes

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