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Stocks in news: Orchid Chem, OM Metals, IOB, Reliance Power
Orchid Chemical | OM Metals Infraprojects | GMR | IOB | Kingfisher | Reliance Power | Strides Arcolab and Vakrangee Software are stocks, which are in the news today.
Sun Pharma , CMD Dilip Shanghvi says -Invests in small pharma companies in personal capacity -Companies have huge growth potential; need support to grow -Investments have no conflict of interest with Sun Pharma -May look at product sharing with Sun Pharma in future
JK Lakshmi Cement says: -No cement price cuts seen in Himachal Pradesh yet -Might witness increase in demand in next few months -Plan to hike capacity to 10 mt by end of next year
Vakrangee Software Q3FY12 QoQ -Net sales up 9% at Rs 341 crore versus Rs 312 crore -PAT up 6% at Rs 17 crore versus Rs 16 crore -Total Exp up 8% at Rs 301 crore versus Rs 278 crore -EBITDA up 25% at Rs 65 crore versus Rs 52 crore -EBITDA Margin at 19.1% versus 16.7%
Other stocks and sectors that are in news today: -Foreign investors set to lose special rights, RBI refuses to allow FDI with options despite commerce ministry approval- ET -Gail to replace JP Associates in Sensex from today -Strides Arcolab considering sale of its Australian branded generics unit Ascent Pharmahealth - TOI -DGCA raps all airlines for lax safety record - ET -Reliance Power gets access to 2 NCL blocks, company to benefit over Rs 6000 crore - ET -Sterlite ready to pay mutually agreed price for Balco stake - ET -AV Birla group eyes Lafarge's SA Biz, Shree Cement may also join the race - BS (Deal size likely USD 800-900 million (EV)) -Kingfisher may trim fleet size as it struggles to stay afloat - BS -Finance Ministry to infuse fresh Rs 1400 crore in Indian Overseas Bank (IOB) as Capital Support -BL -GMR gets nod to collect airport development fees in Maldives - ET -OM Metals Infraprojects Consortium in talks with developers to develop Bandra plot worth Rs 800 crore - TOI -Orchid Chemical approves merger of Orchid Research Labs Ltd with Self -Stocks in F&O Ban - Ruchi Soya and Gitanjali Gems
