Jan 31, 2012, 09.40 AM | Source: CNBC-TV18

Stocks in news: SBI, PNB, Glenmark, Coal India, Reliance

SBI | PNB | ICICI Bank | Glenmark | Lupin | Electrotherm | Edelweiss Capital | KNR Constructions | Tata Global Beverages | Coal India and Gujarat Gas are stocks, which are in the news today.

Stocks in news: SBI, PNB, Glenmark, Coal India, Reliance
Here are stocks that are in news today:

Results Today – ICICI Bank, PNB, NMDC, Siemens, Titan, Crompton Greaves, TVS Motor, Dabur India, IDBI Bank, Central Bank of India, Jagran Prakashan, Mahindra Holidays, Century Textiles, Shoppers Stop, Union Bank of India, Aban Offshore, City Union Bank, Delta Corp, PTC India, HCL Infosystem, Firstsource Solutions, Subex, KEC International, Blue Dart, IPCA Labs, Financial Technologies, Berger Paints, DCM Shriram Consolidated, Usha Martin, Welspun Projects

SBI says
-Got okay from government for further capital infusion
-Infusion of capital by GOI via preferential allotment of equity shares
-Government to infuse up to Rs 7,900 crore via preferential allotment share issue

Punjab National Bank
-Board approves issue of preferential shares to Govt
-To raise up to Rs 1,285 crore via share issue
-To seek shareholders nod on March 20

Glenmark says
-Forex loss at Rs 102 crore on account of Dollar denominated loans
-Could see some Forex reversals in Q4FY12 if rupee recovers
-Expect margins to be stable at 20% in FY13
-To continue with Rs 250 crore annual Capex
-Company holds 90% of generic Malarone market in the US
-To file investigational new drug application for revamilast in US in Q3FY13
-To start PH III clinical trial on revamilast by FY13 end
-Confident of out-licensing revamilast before PH III
-Revamilast to treat Rheumatoid, Arthritis & Asthma

Tata Global Beverages enters into JV with Starbucks group to operate Starbucks outlet in India
Tata Global says
-Will try to open first Starbucks outlet in August, September
-Starbucks JV will not be limited to Coffee
-Starbucks JV will extend to other Beverages
-Agreed with Starbucks to offer Tea products branded Tata Tazo

Essar Oil at CDR meet: Sources
-Lenders agree to Essar Oil's proposal to exit CDR
-Lenders fail to reach consensus on compensation
-Company proposed compensation worth Rs 850 crore to lenders
-Lenders meeting in the next few days to discuss the matter

Other stocks and sectors that are in news today:
- 3i Infotech shareholders approves raising funds via share issue
- Lupin gets US FDA tentative okay for Generic Glumetza
- Reliance Industries buy back opens tomorrow (Feb-01)
- Electrotherm (India) board approves reference to CDR cell
- Edelweiss Capital , Japan’s SBI holdings to jointly sponsor an alternative asset management fund focusing on small/ mid-cap listed co in India
- KNR Constructions receives two orders from GVK worth Rs 675 crore
-Coal Ministry rejects Reliance Power 's Sasan mine mortgage plan – ET
- Coal India cuts prices; revenue may take a hit- TOI
-BG to club Mahanagar Gas deal with Gujarat Gas stake sale – ET

3i Infotech Q3 QoQ (cr - crore, vs - versus, cons - consolidated)
-Cons net loss at Rs 138 cr vs profit at Rs 25 cr
-Cons net sales at Rs 350 cr vs Rs 498 cr

-Cons net profit at Rs 18.4 cr vs Rs 8 cr
-Cons net sales at Rs 75 cr vs Rs 68 cr

-Net profit at Rs 54.75 cr vs Rs 51 cr
-Net sales at Rs 2,043 cr vs Rs 1,469 cr

McLeod Russel Q3 YoY
-Net profit at Rs 117 cr vs Rs 135 cr
-Net sales at Rs 394 cr vs Rs 367 cr

-Net profit at Rs 112 cr vs Rs 101 cr
-Net sales at Rs 384 cr vs Rs 360 cr

-Net profit at Rs 10 cr vs Rs 25 cr
-Net sales at Rs 478 cr vs Rs 374 cr

EID Parry Q3 YoY
-Cons net loss at Rs 81 lakh vs profit at Rs 19 cr
-Cons total income at Rs 2,992 cr vs Rs 2,474 cr

Glenmark -Cons net sales at Rs 1,031 cr vs Rs 750 cr
-Cons net profit at Rs 46 cr vs Rs 109 cr

Punjab & Sind Bank Q3 YoY 
-Net profit at Rs 91 cr vs Rs 135 cr
-Gross NPAs at Rs 544 cr vs Rs 450 cr (QoQ)
-Gross NPAs at 1.28% Vs 1.06% (QoQ)
-NII at Rs 375 cr vs Rs 386 cr (YoY)

Zee Learn Q3 QoQ
-Net loss of Rs 12.6 cr vs net loss at Rs 6.5 cr
-Zee Learn to explore raising up to USD 30 million via GDR issue

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SBI PNB Glenmark
Tata Global Bev Essar Oil 3i Infotech
Lupin Reliance Electrotherm
Edelweiss KNR Construct Reliance Power
Coal India Gujarat Gas Ent Network Ind
NFL Mcleod Guj Mineral
Guj Heavy Chem EID Parry Punjab & Sind
Zee Learn


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