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Stocks in news: JSW Steel, Tata Tele, Samtel, BHEL
JSW Steel | Hindustan Motor | GVK Power | Tata Tele | BHEL | L&T | Carborundum Universal and Bombay Dyeing | Ester Industries | Indian Hotels | Uflex | Samtel and Emco are stocks, which are in the news today.
Results today: Ranbaxy, Cipla, MOIL, Aban offshore, Wyeth, BOSCH, HOEC, Jain Irrigation, Redington India, Welspun India, Great Eastern Shipping, Fertilizers & Chemicals Travancore, Cinemax India, Timken, Escorts, Sundaram Fasteners, Indo Tech Transformers, Indowind Energy, Infomedia 18
Telecom Commission meet: Exclusive -Crucial meet of Telecom Commission on August 10 -Telecom Commission to mull spectrum management & licensing framework -Telecom Commission to mull VSNL land matter on August 10 -Proposal to demerge or hive off surplus VSNL land
Jeh Wadia says -Core of Bombay Dyeing group will now be real estate business -Plan to monetise land bank in Island city -Bombay Realty campaign to be launched in August -Realty plans to be in luxury, mixed use segment -Textile business to diversify into high margin retail business -Will open more exclusive retail stores
Pawan Goenka says -Welcome market-based diesel pricing or dual diesel pricing -Overall consumption of diesel by passenger cars only 10% -Dual pricing should not be imposed on commercial vehicles -Excise hike on diesel cars to have limited impact on M&M
JBF Industries Q1FY12 consolidated (cr - crore, vs - versus) -Net sales up 13% at Rs 1591 cr vs Rs 1413 cr -PAT down 5% at Rs 52 cr vs Rs 55 cr -EBITDA Margin at 10% vs 11%
Onmobile Q1FY12 Consolidated -Net sales up 10% at Rs 136 cr vs Rs 124 cr -PAT down 28% at Rs 13 cr vs Rs 18 cr -EBITDA Margin at 20% vs 23%
Emco Q1FY12 Provisional -Net sales up 58% at Rs 188 cr vs Rs 119 cr -Net profit at Rs 2 cr vs net loss at Rs 26 cr
Samtel Q1FY12 -Net sales down 45% at Rs 157 cr vs Rs 283 cr -Net loss at Rs 38 cr vs net loss at Rs 5.5 cr
Uflex Q1FY12 consolidated -Net sales up 64% at Rs 1125 cr vs Rs 685 cr -PAT up 57% at Rs 96 cr vs Rs 61 cr
Indian Hotels Q1FY12 -Net sales up 12% at Rs 370 cr vs Rs 329 cr -PAT at Rs 20 cr vs Rs 3 cr -EBITDA margin at 19% vs 16%
Other stocks and sectors that are in news today: -F&O additions w.e.f today: Coal India, Delta Corp, Dhanlaxmi Bank, Gujarat Fluorochemicals -F&O ban: Deccan Chronicle, Gitanjali Gems -Carborundum Universal: Board meet today on stock split from Rs 2/sh to Re 1/sh -Chinese banks offers yuan loans to finance more than USD 50 billion of power equipment for Indian companies at lower interest rates posing a threat to BHEL & L&T (ET) -Steel prices may surge on the back of Karnataka mining ban with spot prices of iron ore rising by USD 1-2 daily since the ban (ET) -Tata Tele & Uninor may not get 2G in Delhi soon despite the TRAI order as communication minister may give the nod only after reviewing methodology & priority order (ET) -Syndicate Bank may delay seizure of GTL shares pledged by the company's owners as collateral while creditor's try to revamp its USD 1.1 billion debt (ET) -US based PE KKR & the promoter of Avantha Power set to invest USD 120 million in the company with the PE set to acquire 11% more stake in the company (ET) -Tea output set to fall by 120m kg this year as shortfall & high global prices push profitability of tea cos in the first quarter (ET) -Steel Ministry may remove the import duty on coking coal giving some respite to steel companies (FE) -GVK Power & Infra which holds seven oil & gas blocks off the western coast of India & its partner BHP Billiton may sell a part of their stakes to another company (Mint) -Hindustan Motor disposes of its entire land holding of about 120 acre in Gujarat for Rs 70 crore (DNA) -JSW Steel's Vijaynagar plant which accounts for 70% of the company's total steel production is likely to shut down in three days as it runs out of raw material (DNA)
