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Stocks in news: ONGC, Sun Pharma, TNPL, Ashok Leyland
Aurobindo Pharma | ONGC | Lupin | Sun Pharma | KEC International | Shriram EPC | Jyoti Structures | Ashok Leyland | Tata Power | Ferro Alloy | Andhra Petrochemical | TNPL | Suzlon and DLF are stocks, which are in the news today.
Etisalat says -Majestic Infra Con makes unconditional plea withdrawal -Welcome decision; in the best interest of Etisalat DB -Majestic Infra Con is a DB Group promoter co
DB Group: Sources -DB group withdraws Etisalat's company law board plea -Parties currently in talks towards a possible compromise -DB had alleged operational mismanagement by Etisalat -DB alleged delay in rollout of telecom operations by Etisalat
Suzlon says -Most turbine companies interested in indian markets -Will soon introduce REPower's equipment to India -Expect market share to cross 50% over next 5 years
TNPL (Tamil Nadu Newsprint and Papers) Q1 (cr - crore, vs - versus) -Net sales up 16% at Rs 336 cr vs Rs 290 cr -PAT down 68% at Rs 13 cr vs Rs 40 cr -EBITDA margin at 24.1% vs 27.6% -Along with higher total expenditure interest and finance charges were recorded up at Rs 32.5 cr vs Rs 8 cr pressurizing the PAT and margins
Andhra Petrochemical Q1FY12 -Net sales up 1.2 times at Rs 157 cr vs Rs 72 cr -PAT up 2.25 times at Rs 13 cr vs Rs 4 cr -EBITDA doubled at Rs 27 cr vs Rs 13 cr
Ferro Alloy Q1FY12 -Net sales down 12% at Rs 108 cr vs Rs 122 cr -PAT down 86% at Rs 3 cr vs Rs 22 cr -EBITDA down 76% at Rs 8 cr vs Rs 33 cr -EBITDA margin at 7.4% vs 27%
Other stocks and sectors that are in news today: -Ex-bonus today: Ashok Leyland (1:1) -Ex Dividend: Tata Power Rs 12.5/sh -F&O ban: Deccan Chronicle, Gitanjali Gems -JP Associates July cement sales at 1.45 mt versus 1.22 mt -Ambuja Cement July cement sales at 1.7 mt versus 1.5 mt (YoY) -Kotak Mahindra Bank to hike base rate by 25 bps w.e.f Tuesday, to hike deposit rates by 10-50 bps w.e.f Tuesday -Eicher Motors July total sales up 34% at 4,152 units (YoY) - Jyoti Structures has bagged orders worth Rs 438 crore from Vidyut Vitran co - Surana Industries board approves issue of 80 lakh shares at Rs 500/share - Shriram EPC wins an order to setup a 75 million litre diesel tank storage facility in Queensland Australia -Govt asks oil marketing companies to cut wasteful expenditure to cut costs & minimize the need to raise prices - ET - KEC International is looking to acquire engineering & construction company in USA with for USD 80 million - ET - Sun Pharma set to pick up an 11% stake in an Israeli investment company specializing in life sciences - BS -Lupin plans to acquire a large Latin American pharma company to with an undisclosed amount (Mint) -Finance Ministry mulls off-market deals for divestment in ONGC if FPO fails to take off - DNA - GVK likely to rope in a partner for furthering its plans for tapping the potential in oil & gas sector (DNA) - Aurobindo Pharma scouting for USD 100-200 million buyouts in the overseas markets of Europe & USA (DNA) -Sony to buy ETV channels for Rs 2600 crore with JM Financial set to get back the money invested in 2008 (DNA)
