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Stocks in news: Godfrey Phillips, Nahar Ind, DCW, Batliboi
Stocks in news: Godfrey Phillips, Nahar Ind, DCW, Batliboi, DR Reddy's, HCL Tech, LIC Housing Finance, Surana Ind, Lyka Labs, Era Constructions and Rico Auto.
Results today: Godfrey Phillips, Hindustan Organic, Madras Fert, Nahar Ind, Punjab Alkalies, Omnitex Ind, Marg Construction, GE Capital Transportation and Nitin Alloy
DCW board approves: Issue of up to 1.25 cr shares to Mauritius-based FII Lotus Global Investments at Rs 12/sh Issue of up to 1.25 cr shares to Mauritius-based FII Mavi Investments Fund at Rs 12/sh Issue of up to 40 lakh shares to promoters at Rs 12/sh Proposal to issue 1.95 cr warrants on preferential basis to promoters dropped Proposal to issue GDRs deferred
Board meetings: Batliboi on acquisition in Europe
Ex-dividend: Thomas Cook (50 paise/sh), Havells India (Rs 2.50/sh) and Geometric Software (80 paise/sh)
Sterlite ADR closes at USD 14.7 vs issue price of USD 13.44 (9.3%) works out to Rs 599.76 (CMP Rs 560)
ICICI Bank FPO (ADR up 5.39%): Day 1 Overall issue: 2.74x QIB: 5.74x FIIs: 3.46x DFIs: 1.89x Non-Institutional: 0.96x
Temasek puts in USD 1bn bid; Warburg Pincus puts in USD 750 mn bid: Sources
LIC, SBI put in bids between USD 400-500m: Sources
NSE bars further F&O positions in IFCI as 95% of marketwide limit reached (Nagarjuna Fert already in curb; Bombay Rayon out of curb)
CNBC Exclusive: ENAM on the block, Nomura, Barclays and other foreign merchant banks maybe interested in Enam Lehman Bros in talks to buy institutional biz of Brics Securities JM Financial top management quits, VK Bansal, Kamal Yadav, Sachin Wagle & Divesh Desai to move to Morgan Stanley
Hostile bid likely for Garware Offshore if India Star Fund (which holds 13.76%) plans to convert its debenture ( as holding with be above 15%); will trigger an open offer- TOI
DR Reddy's plans to launch cardiac drug by August, drug to be priced at Rs 3, to cut drug prices by 80% - DNA
HCL Tech close to signing USD 100 mn deal in aerospace service space - ET
Wal-Mart- Bhatri deal hangs by an NOC, Wal-Mart wants NOC for future front-end foary, Bharti loath to give it - DNA
Government to support M&A in the sector with simpler rules for transfer of traffci rights, airport slots - ET
I&B to review Bharti's DTH proposal for FDI component - FE
Government to offload residual 29.5% stake in Hindustan Zinc, to reap Rs 8381 cr- HT
RBI allows FIIs to buy up to 100% in Educomp Solutions
LIC Housing Finance may float Rs 500 cr realty fund - Mint
Surana Ind close to buying coal mine in Indonesia - BL
Lyka Labs board approves issue of up to 10 lakh shares to domestic investors and up 3 lakh warrants to promoters
Era Constructions to enter ready mix concrete biz; to invest up to Rs 120 cr over 3 years
Rico Auto forms 50:50 JV with Germany-based Continental AG to manufacture Hydraulic Brake Systems
Indian Hotels FY07 Con: Net Profit at Rs 370 cr Vs Rs 248.74 cr Total Income at Rs 2665.87 cr Vs Rs 1914.18 cr
Indian Hotels Q4FY07: Net Sales up 39.1% at Rs 505.2 cr from Rs 363.1 cr Net Profit up 70.6% at Rs 134.5 cr from Rs 78.9 cr Operating Profit Margins at 42% versus 36.1% EPS at Rs 2.23 versus Rs 1.34
Lumax Industries Q4 (QoQ): Net sales Rs 159 cr Vs 127.5 cr Net profit Rs 4.67 cr Vs Rs 5.16 cr
SREI Infra Q4 : Net Profit at Rs 31.5 cr Vs Rs 15.94 cr Total Income at Rs 124.71 cr Vs Rs 77.15 Cr 75-100 basis points saving in cost as a result of JV with BNP Paribas
