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Stocks in news: Tata Motors, OIL India, Kingfisher, IVRCL
JP Associates | Sanwaria Agro | OIL India | Himadri Chemicals | Jet Airways | IVRCL | Gujarat Gas | Kingfisher | Tata Power | Unitech | Tata Motors | Cipla | Shipping Corp and Gati are stocks, which are in the news today.
MSCI rebalance announcement today, changes effective from November 30 -Likely additions - Bharti, Idea, Bank of Baroda -Likely Deletions - Piramal, Indiabulls Real Estate, HDIL
Kingfisher turmoil -Lenders to control Kingfisher earnings; revenues to flow into escrow a/c to be controlled by one of the banks (ET) -UB Group companies borrow Rs 400 crore from the NBFC SICOM (ET) -Delhi & Hyderabad airports threaten to put KFA on cash & carry mode; asks the company to clear half of its Rs 80 crore dues (ET) -Shareholding of UB group may further be diluted (TOI) -SpiceJet CEO Neil Mills says no logic in bailing out Kingfisher (BS)
FDI in Aviation: Sources -24-49% foreign airline stake in domestic aviation likely -Cabinet note moved on allowing foreign airline stake -Note proposes 24-49% as cap for foreign airlines -Cabinet note moved by DIPP -Civil Aviation Ministry on board regarding proposal -Foreign airlines' stake cap to be taken up by cabinet soon
JP Associatesokays demerger of Gujarat, Andhra Cement operations -To merge all cement operations into Jaypee Cement Corp: JP Associates -To also hive off asbestos sheet, heavy engineering operations: JP Associates -To merge asbestos, heavy engineering operations in Jaypee Cement: JP Associates
Other stocks and sectors that are in news today: -Listing of Essar Shipping pursuant to scheme of arrangement -Govt to slash norms for SEZ land size; only 18 of 104 approved SEZ in state operational (TOI) -Petrol prices may be slashed by Rs 2/litre; first cut since decontrol in June 2010 (TOI) -TRAI asks Telcos to terminate 3G roaming pacts, move to hit pan-India data services of big four (ET) -GAIL may pick up British Gas's 65% stake in Gujarat Gas (M-cap: Rs 5010 crore) -Odisha seeks ban on export of Iron ore to check illegal mining in state; move comes in as Shah Commission set to investigate the issue (ET) -FIPB to consider Uninor's rights issue proposal today (FE) -Commerce & Aviation ministries agree on FDI from foreign airlines (FE) -IVRCL shareholder move CLB to raise objection against the proposed merger - DNA -Jet Airways hopes to raise Rs 2235 crore this quarter from sale & leaseback of 20 aircraft & Bandra-Kurla property sale (DNA) -Himadri Chemicals in talks with Japanese firm for the supply of lithium-ion batteries (DNA) -F&O ban: Gitanjali Gems -Govt mulling 10% stake sale in OIL India -Pune court adjourns Lavasa case hearing till November 17 -Sanwaria Agro board approves hiving off wind power business from Sanwaria Agro Mills to its group & subsequent listing of Sanwaria energy on the exchange
Tata Power Q2 -Consolidated (Cons) net loss at Rs 1,219 cr vs profit of Rs 673 cr (YoY) -Cons net revenue at Rs 5,407 cr vs Rs 4,475 cr (YoY) -Forex loss at Rs 737 cr vs gain of Rs 220 cr
Unitech Q2 -Net profit at Rs 92.5 cr vs Rs 174 cr (YoY) -Net sales at Rs 626 cr vs Rs 644 cr (YoY)
Aventis Pharma Q2 -Net profit at Rs 54.8 cr vs Rs 47.3 cr (YoY) -Net sales at Rs 313 cr vs Rs 276 cr (YoY)
Max India Q2 -Net loss at Rs 10.4 cr vs loss of Rs 19 cr (YoY) -Net sales at Rs 175 cr vs Rs 97 cr (YoY)
JP Associates Q2 -Net profit at Rs 130 cr vs Rs 120 cr (YoY) -Total income at Rs 3,132 cr vs Rs 3,071 cr (YoY)
Tata Motors Q2 -Cons net profit at Rs 1,880 cr vs Rs 2,220 cr (YoY) -Cons net sales at Rs 35,940 cr vs Rs 28,310 cr (YoY) -EBITDA margin at 7.2% vs 10% -JLR operating margin at 14.9%
BHEL Q2 -Net profit at Rs 1,412 cr -Net sales at Rs 10,299 cr
Cipla Q2 -Net profit at Rs 309 cr vs Rs 263 cr (YoY) -Net sales at Rs 1,732 cr vs Rs 1,580 cr (YoY)
ABG Shipyard Q2 -Net profit at Rs 48.4 cr vs Rs 56.3 cr (YoY) -Net sales at Rs 582 cr vs Rs 555 cr (YoY)
Sobha Developers Q2 -Net profit at Rs 40.9 cr vs Rs 59 cr (YoY) -Net sales at Rs 327 cr vs Rs 425 cr (YoY)
Shipping Corp Q2 -Net loss at Rs 141 cr vs profit of Rs 251 cr (YoY) -Net sales at Rs 907 cr vs Rs 876 cr (YoY)
