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Stocks in news: Rel Power, DHFL, Wipro, Hero Motocorp, SKS
Reliance Power | DHFL | KNR Construction | Alfa Laval | Tata Coffee | Union Bank of India | Wipro | IFCI | Hero Motocorp | SKS Microfinance | Bajaj Holdings and Mastek are stocks, which are in the news today.
Results Today - RIL, Wipro, ITC, Axis Bank, JSW Steel, Jet Airways, HCC, United Spirits, Aptech, Exide, Bank of Maharashtra, NIIT, Hindustan Zinc, HT Media, Polaris, Praj Industries, Rallis India, Mahindra Forging, Jayant Agro, Sabero Organics, Shalimar Paints, Tata Metaliks, Wendt, WWIL, Excel Industries, Foseco
Union Bank says (NW18) -Govt to infuse funds via preferential issue of shares -Board to meet on January 24 to consider govt fund infusion -Govt share in bank to rise to 58% post fund infusion
SBI Chairman -Banks acceptance of earlier proposal on AI was misunderstood -Banks not okay with conversion of debt into CRPS -Banks cannot take a write down due to CRPS -Airlines including KFA have to bring in equity -Not considering any fresh loan to Kingfisher airlines -Still have faith Kingfisher airlines can turn around -Comfort level with AI 'absolute' -Not hopeful of any rate cut in RBI Policy -Can't give more credit to Kingfisher airlines
IFCI Q3 (YoY) (cr - crore, vs - versus) -Net profit at Rs 114 cr vs Rs 153 cr -Net revenue at Rs 673 cr vs Rs 636 cr
Hero Motocorp Q3 YoY -Net profit at Rs 613 cr vs Rs 429 cr -Net revenue at Rs 6,031 cr vs Rs 5162 cr -EBITDA margin at 15.6% vs 15.5%
SKS Microfinance Q3 YoY -Net loss at Rs 428 cr vs net profit at Rs 34 cr -Net revenue at Rs 81.78 cr vs Rs 363 cr
Bajaj Holding Q3 -Net profit at Rs 36 cr vs Rs 246 cr -Income from operations at Rs 59 cr vs Rs 260 cr
Mastek Q2 QoQ -Consolidated net loss of Rs 1.5 cr vs net loss of Rs 27 cr -Consolidated net sales at Rs 173 cr vs Rs 155 cr
Mastek says -Margins improved due to currency, cost management, utilization -Turned EBITDA positive this quarter -Expect better growth & orders in coming quarters -Revenue up 2.6% in constant currency
Other stocks and sectors that are in news today: -Starbucks to finalise retail partnership with Tata Coffee by month end - reports -Govt sources say EGOM on food to meet on Feb 7 to mull more sugar export - NW18 -Verdict of Vodafone tax plea today -Alfa Laval delisting offer opens on February 15, closes on February 25 (Indicative price Rs 2850) -SEBI may allow MF, FIs to subscribe to company's preferential shares - ET -DHFL board approves hike in FII limit from 49% to 60% -KNR Constructions bags orders worth of Rs 206.7 crore -MOEF denies clearance to Reliance Power's Sasan Chhatarsal coal block - PTI -Cairn India to start Bhagyam production on Friday -UTV Software and Carol Info delisting offer closing today
