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Stocks in news: Maruti, GVK Power, BoB, RIL, Cronimet
HDFC Bank | Maruti | GVK Power | Sun Pharma | BoB | BoI | Indian Bank | Syndicate Bank | RIL | Cronimet Alloys and 3I Infotech are stocks, which are in the news today.
Sun Pharma -Makes offer to buy balance stake in Israel arm Taro subject to approval -Offers to buy balance Taro stake at $24.50/sh (25% premium to recent closing price)
Talks to resolve Maruti standoff face fresh hurdles -2nd round of talks Between Maruti management-workers deferred -Deputy labour commissioner calls for fresh meeting on Wednesday
Coal Ministry says -Power projects in 12th plan will have to import coal -Not in position to give coal to power projects in 12th plan
Finance Secretary says -May consider preferential share allotment for SBI -No rights issue for SBI capital infusion -Expect to meet within a week for final decision -Panel met to discuss PSU bank recapitalisation Banking Secretary says -FY12 fund infusion in PSBs seen at Rs 10,000-12,000 crore - BoB , BoI , Indian Bank and Syndicate Bank will see recapitalisation this fiscal -Will infuse capital in SBI before March 31 -Current market conditions not conducive for SBI rights issue
JSPL Q2 (cr - crore, vs - versus) -PAT down 0.7% at Rs 875.40 cr vs Rs 881.57 cr -Cons net sales at Rs 4406.6 cr vs Rs 3078 cr (YoY)
Hero MotoCorp Q2 -Net profit at Rs 604 cr vs Rs 506 cr (YoY) -Net sales at Rs 5,784 cr vs Rs 4,511 cr (YoY) -Raw material cost at Rs 4,264 cr -Depreciation at Rs 280 cr vs Rs 60.7 cr -Total expenses at Rs 5,190 cr vs Rs 4,005 cr -2-wheeler sales at 1.54 million vs 1.29 million -EBITDA margin at 15.76% -Sold more than 3 million 2-wheelers in H1
Coromandel Intl Q2 -Cons net profit at Rs 282 cr vs Rs 352 cr (YoY) -Cons net sales at Rs 2,711 cr vs Rs 2,757 cr (YoY)
BOC India Q3 -Net profit at Rs 17.4 crore -Net sales at Rs 311 crore
Honeywell Automation Q2 -Net profit at Rs 15.7 cr vs Rs 25.9 cr (YoY) -Net sales at Rs 412 cr vs Rs 364 cr (YoY)
CRISIL Q3 -Cons net profit at Rs 60.2 cr vs Rs 75.4 cr -Cons income from operations at Rs 209 cr vs Rs 158 cr -Board okays share buyback
Other stocks and sectors that are in news today: -GVK Power arm ups stake in MIAL to 50.5% -SEBI may settle insider trading charges against RIL, by asking the co to pay up to Rs 2052 cr (Mint) -RIL to bid for EL Paso shale assets in USA (TOI) -GMR , Lanco power plants face cut in D6 Gas supply; govt to take action as GMR's Tanir Bavi & Lanco's Kondapalli unit sell power at market rates (ET) -Glencore looks to buy 24% in Cronimet Alloys for around Rs 50-75 crore (CMP Rs 138.60, M-cap Rs 170 cr) -Coromandel International board approves issue of bonus debentures in the ratio of 1 debenture of Rs 15/- for every equity share held -3I infotech board meet on October 21 to consider rights issue of shares -F&O ban: ABG Shipyard, Gitanjali Gems
