Stocks in news: SBI, DCB, NIIT Tech, Resonance Specialities, JSW

SBI | Essar Oil | DCB Bank | NIIT Technologies | Jay Bharat Maruti | CRISIL | DCM | Fortis Healthcare | Inox Leisure | Ujaas Energy | Resonance Specialities | Mawana Sugar | NDTV and JSW Steel are stocks, which are in the news today.
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Oct 17, 2016, 08.58 AM | Source: Moneycontrol.com

Stocks in news: SBI, DCB, NIIT Tech, Resonance Specialities, JSW

SBI | Essar Oil | DCB Bank | NIIT Technologies | Jay Bharat Maruti | CRISIL | DCM | Fortis Healthcare | Inox Leisure | Ujaas Energy | Resonance Specialities | Mawana Sugar | NDTV and JSW Steel are stocks, which are in the news today.

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Stocks in news: SBI, DCB, NIIT Tech, Resonance Specialities, JSW

SBI | Essar Oil | DCB Bank | NIIT Technologies | Jay Bharat Maruti | CRISIL | DCM | Fortis Healthcare | Inox Leisure | Ujaas Energy | Resonance Specialities | Mawana Sugar | NDTV and JSW Steel are stocks, which are in the news today.

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Here are stocks that are in news today:

Results today: UltraTech Cement , DHFL , Lakshmi Vilas Bank , Zensar Technologies , Bharat Seats, HIL, Orient Paper, Sumeet Industries

DCB Bank Q2
-Net profit up 31.4 percent at Rs 48.5 crore versus Rs 36.9 crore (YoY)
-NII up 26.9 percent at Rs 190.3 crore versus Rs 150 crore (YoY)
-Gross NPA at 1.75 percent versus 1.72 percent (QoQ)

Network 18 Q2
-Consolidated net loss at Rs 66.5 crore versus loss of Rs 39.2 crore (YoY)
-Consolidated total income up 3.2 percent at Rs 378.7 crore versus Rs 366.8 crore (YoY)
-Consolidated EBITDA loss at Rs 61.5 crore versus loss of Rs 24.4 crore (YoY)
Disclaimer: Reliance Industries owns Network 18 that publishes Moneycontrol.com

CRISIL Q2
-Consolidated net profit up 14.4 percent at Rs 79.84 crore versus Rs 69.81 crore (QoQ)
-Consolidated total income up 3.6 percent at Rs 388.7 crore versus Rs 375.1 crore (QoQ)
-Consolidated EBITDA up 10.6 percent at Rs 108 crore versus Rs 97.7 crore (QoQ)
-Consolidated EBITDA margin at 27.8 percent versus 26 percent (QoQ)

Steel Strips Q2
-Net profit at Rs 18 crore versus Rs 15 crore (YoY)
-Total income at Rs 291 crore versus Rs 299.3 crore (YoY)
-EBITDA at Rs 37.4 crore versus Rs 34.2 crore (YoY)
-EBITDA margin at 12.9 percent versus 11.4 percent (YoY)

NIIT Technologies Q2
-Consolidated net profit at Rs 58.9 crore versus Rs 28.6 crore (QoQ)
-Consolidated total income at Rs 693 versus Rs 671 crore (QoQ)

Jay Bharat Maruti Q2
-Net profit at Rs 13.30 crore versus Rs 10.2 crore (YoY)
-Total income at Rs 412.7 crore versus Rs 376 crore (YoY)

Essar-Rosneft deal
-Transaction pegs Essar Oil’s enterprise value at Rs 72,800 crore
-Essar Oil to get additional Rs 13,300 crore for Vadinar Port
-All-cash deal expected to close in Q1 2017
-Deal to help Essar deleverage almost 50 percent of its Rs 88,000 crore debt
-Rosneft has picked up 49 percent stake in Essar Oil
-Consortium of Trafigura & UCP pick-up another 49 percent stake
-Essar plans to utilise proceeds from stake sale to deleverage The Group
-Deal to pave way for strategic consolidation & growth in other biz
-No non-compete fee under the transaction with Rosneft
-Transaction includes 20 MTPA refinery at Vadinar & all supporting infra
-Deal also includes Pan-India network of over 2,700 fuel retail outlets
-Deal to help Essar substantially reduce interest costs
Alert: Deal largest single tranche of inbound foreign direct investment
-Transaction values Essar Oil at over 8x the cost
Alert: Vadinar refinery can handle all kinds of crude, including toughest crude
Alert: Vadinar refinery production constitutes 9 percent of India’s refining output
Alert: Essar Oil currently has more than 2,700 retail outlets

DCM
-Approved amalgamation of TIARA Investment Holdings into Purearth Infra
-Demerger of real estate arm and vesting with DCM Realty & Infra
-Amalgamation of Purearth Infra into DCM Realty & Infra
-Scheme of arrangement between DCM & DCM Nouvelle

Andhra Bank
-Revises marginal cost of funds based lending rate (MCLR) for various tenors from 9.25 percent to 9.45 percent w.e.f. October 15
-Base rate reduced from 9.75 percent to 9.7 percent and benchmark prime lending rate (BMPLR) reduced from 14 percent to 13.95 percent

Granules India says
-Gagillapur facility successfully completes US FDA inspection
-No observations made by the US FDA at Gagillapur facility
Alert: Gagillapur Facility is located in Telangana

Other stocks and sectors that are in news today:
- Marksans Pharma gets ANDA nod for Paricalcitol oral capsule (used to treat/prevent overactive parathyroid gland)
- Transpek Industry to buyback of shares at maximum price of Rs 475 per share
- Indo Count - ICRA upgrades long term rating of to AA- and short term rating to A1+
- Hatsun Agro - CRISIL reaffirms long term rating of A and short term rating of A1
- Vishal Bearings approved 1:4 bonus and increase in share capital from Rs 5 crore to Rs 10 crore
- Inox Leisure starts commercial operation of one additional screen in Surat multiplex
- Fortis Healthcare gets approval from shareholders, Singapore Exchange Securities Trading and unit holders of RHT Health Trust for acquiring 51 percent stake in Fortis Hospotel and compulsorily convertible preference shares issued by Escort Heart Institute & Research Centre
- Sical Logistics seeks shareholders' approval for demerger of Bangalore ICD to separate SPV Sical Bangalore Logistics Park
- Ujaas Energy bags order from UREDA for grid interactive rooftop & small solar PV power plant of upto 5 KWP
- M&M transfers franchisee division of Mahindra Retail on a slump sale basis to Brainbees Solutions
- LML intends to commence trial production of light cargo 3 wheeler around end of October
- Bank of Baroda to raise funds via non-convertible debentures (NCDs) up to Rs 1,000 crore with green shoe of Rs 1,000 crore
- Eclerx fixes buyback price at Rs 2000 per share for total amount of Rs 234 crore
- SBI approved up to 5 percent stake sale in SBI life to non promoter
- Balaji Amines board meeting on October 24 to consider amalgamation of its subsidiaries with holding company
- UltraTech Cement proposal to issue NCDs up to Rs 300 crore
- HDFC raises Rs 500 crore via rupee denominated bonds to overseas investors
- Resonance Specialities says Vista Organics, Mandideep facility successfully inspected by USFDA; no 483s & EIR awaited
- Canara Bank to raise Rs 2,500 crore via NCDs
- Mawana Sugar ropes in JM Financial to sell sugar unit for Rs 400 crore: BS
- NDTV in focus - SEBI probes against two Goldman Sachs entities in NDSTV stake buy: BS
- JSW Steel in race for Italian giant: Mint

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Stocks in news: SBI, DCB, NIIT Tech, Resonance Specialities, JSW

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