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Stocks in news: IOC, Usha Martin Edu, Ackruti City, TTML
IOC | Bharti Airtel | ONGC | Marico | Sesa Goa | Usha Martin Education | Raymond | Ackruti City | Ranbaxy | Texmaco | Sun TV and TTML are stocks, which are in the news today.
Montek Singh Ahluwalia says -Will see short term deviation from Fiscal deficit target -Growth has been low; slippage of fiscal deficit expected -Lower growth will lead to structural adjustments in fiscal deficit -Brokerages have upped fiscal deficit target from 4.6% to over 5% in recent weeks
IOChiked petrol prices by Rs 1.82/litre from midnight IOC to CNBC-TV18: -Had to increase petrol prices on account of depreciating rupee -Were losing Rs 1.52/litre on petrol -Increased petrol prices by Rs1.80/litre taking into account state levies -Centre still not released Rs 15,000 crore compensation for Q1 -Sources say HPCL, BPCL to follow suit & hike petrol prices
Raymond Says -I-T officials at company's premises since morning -Co-operating with authorities in search operations -Premature to discuss details at this point in time
Govt sources say -Heavy Industries Ministry supports levying of import duty -Fair on industry's part to ask for levying import duty -Heavy Industries Ministry to write to Power Ministry on Orissa UMPP
Other stocks and sectors that are in news today: -Sesa Goa to acquire 100% stake in Goa Energy Private Ltd for Rs 53.72 crore -Usha Martin Education defers rights issue of shares in its board meeting -Power companies face ratings downgrade, to add to funding woes -Ackruti City in talks with PE firms to raise Rs 150 crore (ET) -Case against Lavasa to be filed today (BS) -Ranbaxy's plan for Lipitor fuels speculation (BS) -De Nora India announces buy back at maximum Rs 105/sh (CMP: 96) - Texmaco likely to venture into infrastructure development (DNA) -Mamta Banerjee to mull future with UPA govt today - TOI (unhappy with petrol price hike) -FDI in single brand retail likely to be raised to 74% from 51% - BS
Ashok Leyland Q2 -Net profit at Rs 154.1 cr vs Rs 167.1 cr (YoY) -Net sales at Rs 3,094.6 cr vs Rs 2,714 cr (YoY)
Sun TV Q2 -Net profit at Rs 180 cr vs Rs 167 cr -Income from operations at Rs 451 cr vs Rs 425 cr
TTML Q2 -Net loss at Rs 130.2 cr vs loss of Rs 119.3 cr (QoQ) -Net sales at Rs 613.2 cr vs Rs 585 cr (QoQ)
