Stocks in news: Tata Motors, Exide, L&T, RComm, Peninsula
Tata Motors | Exide Industries | L&T | Jaiprakash Associates | Hero Motocorp | Navneet Publications | Indiabulls Power | Peninsula Land | Rallis India | Parrys Sugar and Reliance Communications are stocks, which are in the news today.
January 24, 2013 / 08:45 IST
Here are stocks that are in news today:
Results Today: L&T, Sesa Goa, Ashok Leyland, Biocon, Vijaya Bank, Andhra Bank, Dhanlaxmi Bank, SKS Microfinance, Coromandel International, Religare Enterprises, HEG, Granules India, Prism Cement, Surana Corporation, Wendt India, Sun Pharma Advanced Research, Nitin Spinner, Bharat Gears, HILExide Industries
-To acquire remaining 50 percent stake in ING Vysya Life Insurance for Rs 550 crore
-Alert: Currently, Exide Industries holds 50 percent in ING Vysya Life Insurance
-To buy 26 percent from ING, 16.32 percent from Kothari Group, 7.68 percent from Enam Group
-Buys out JV partners' stake in ING Vysya Life Insurance
-To bring foreign partner in ING Vysya Life post stake buyJaiprakash Associates defers offer for sale (OFS)
Alert: JP Associates to offer 2.78 crore shares to Jaypee Infratech on January 24
-Deferred because of unusual fall in Jaypee Infratech share prices CNBC-TV18 Exclusive: Hero Motocorp's Union sources say
-Hero MotoCorp production hit as workers 'go slow'
-Pleasure, Maestro Scooter production impacted due to slowdown
-Workers 'go slow on line 3; produce>750 units in first shift
Alert: Average production of about 1,300 units in first shiftCNBC-TV18 Exclusive: Hero MotoCorp
-Union resorted to tampering with production equipment settings
-'Marginally compromising on our output for the day'
-Confident of making up this marginal shortfall
-Immature & irresponsible activity by the union
-Striving to reach at sensible, sustainable settlementOther stocks and sectors that are in news today:
-Tata Motors ADR down 10%: Jaguar Land Rover (JLR) guides to lower Q3 margins, higher capex in FY14
-UCO Bank to issue shares worth Rs 681 crore on preferential basis to governmentAlso Read
Will IMF global growth forecast downgrade dent mkt rally?Bull's eye: Buy PNB Gilts, Unitech, Century; short RCommReliance Communications Q3
-Consolidated net profit at Rs 105 Crore Versus Rs 102 Crore (QoQ)
-Consolidated income from operations at Rs 5,136 Crore Versus Rs 5,031 Crore (QoQ)
-EBITDA at Rs 1,653 Crore Versus Rs 1,638 Crore (QoQ)
-Other income at Rs 165 Crore Versus Rs 171 Crore (QoQ)
-RPM at 44 paise versus 43 paise (QoQ)Parrys Sugar Q3:
-Consolidated net loss at Rs 42 Crore Versus loss of Rs 14.2 Crore (YoY)
-Consolidated total income at Rs 54 Crore Versus Rs 108.6 Crore (YoY)Rallis India Q3FY13 consolidated YoY
-Total income from operations up 5.5% at Rs 342.5 Crore versus Rs 325 Crore -EBITDA down 15.5% at Rs 46.5 Crore versus Rs 55 Crore
-Margins at 13.6% versus 16.9%
-Net profit up 1.9 times at Rs 22 Crore versus Rs 7.6 Crore
-Q3FY12 reported profit of Rs 7.6 Crore is adjusted for provision of Rs 24.2 Crore for impairment of assets of Turbhe plant and Rs 8.2 Crore forex loss
Note: Rakes Jhunjhunwala holds 10 percent or 1.95 crore shares in company Peninsula Land Q3
-Net profit at Rs 36.5 Crore Versus Rs 10.5 Crore (YoY)
-Total income from operations at Rs 138.2 Crore Versus Rs 45.4 Crore (YoY)Indiabulls Power Q3:
-Net loss at Rs 20 Crore Versus profit of Rs 6.85 Crore (YoY)
(No sales/income from operations figure in balance sheet)
-Company signs fuel supply agreement (FSA) with Coal India unit for Amravati Phase-I ProjectNavneet Publications Q3:
-Net profit at Rs 11.2 Crore Versus Rs 4 Crore (YoY)
-Net sales at Rs 124.9 Crore Versus Rs 81.1 Crore (YoY)Agro Tech Foods Q3
-Net profit at Rs 13.1 Crore Versus Rs 11.2 Crore (YoY)
-Net sales at Rs 220 Crore Versus Rs 180.8 Crore (YoY)FM says: (In Singapore roadshow)
-Reforms to continue, fiscal deficit could surprise markets
-GDP growth in-line, 6-7% GDP in FY14
-Hope to pass Insurance & Pension Bill in the Budget
-GST is unlikely to be passed by April, 2013
-Hope GST Bill will be introduced in December, 2013
-Cabinet Committee on investment to speed up project approvals
-Hope DBT (direct benefit transfer) scheme would reduce leakage in the subsidy scheme
-Hope DBT scheme would save subsidies
-Pilot projects indicate a saving of 20-60 percent
-Looking at ways to make sub-caps fungible to accelerate debt investments
Alert - Bank of America Merrill Lynch, DWS and JP Morgan hosted FM in Singapore with FIIs, debt investorsCNBC-TV18 Exclusive: Commerce Ministry red flags gold imports from Thailand
-Commerce Ministry to exclude jewellery from Indo-Thai duty free pact
Commerce Ministry Sources:
-Thai duty free deal being misused to import gold
Alert: 80 products get duty benefits in Indo-Thai early harvest scheme
-To talk to revenue department about Thai jewellery importsLaw Minister on FDI:
-Will file a detailed affidavit explaining government position
-Convinced retail FDI in India's best interestCommerce Minister says:
-Indian economy passing through a difficult phase
-Important to retain investors' trust on India's Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
