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Stocks in news: Wipro, SpiceJet, PFC, Maruti, Hexaware
HUL | Hotel Leela Venture | L&T | Wipro | Simbhaoli Sugars | Unitech | Parsvanth | SpiceJet | Piramal Life | PFC | Strides | GMR | Castrol | Maruti | Hexaware | Gujarat NRE | SuryaLakshmi Cotton | HT Media and JK Paper are stocks, which are in the news today.
Results today: ING Vysya Bank, Indo Rama Synthetics, Steel Strips, BASF India, Gemini Communication, Supreme Petrochem, Electrosteel Castings, Innoventive Industries, Zydus Wellness, Vadilal Industries, Persistent Systems, BOC India, GHCL, Kajaria Ceramics
Gujarat NRE Coke Q1FY12 (cr - crore, vs - versus) -Net Sales down 3.5% at Rs 436 cr vs Rs 452 cr -PAT at Rs 39 cr vs Rs 20 cr -Total Expenditure down 13% at Rs 339 cr vs Rs 388 cr -EBITDA up 45% at Rs 110 cr vs Rs 76 cr -EBITDA margin at 25.2% vs 16.8%
India Glycols Q1FY12 -Net Sales up 83% at Rs 609 cr vs Rs 332 cr -Net Profit at Rs 26 cr vs net loss at Rs 8 cr -EBITDA up 2.75 times at Rs 60 cr vs Rs 16 cr -EBITDA margin at 9.85% vs 4.82%
SuryaLakshmi Cotton Mills Q1FY12 -Net sales up 28% at Rs 163 cr vs Rs 127 cr -PAT up 43% at Rs 10 cr vs Rs 7 cr -EBITDA margin at 14.11% vs 13.4%
HT Media Q1FY12 -Net Sales up 20% at Rs 329 cr vs Rs 274 cr -PAT up 66% at Rs 53 cr vs Rs 32 cr -EBITDA Margin at 22.8% vs 20.4%
JK Paper Q1FY12 -Net sales up 12.4% at Rs 380 cr vs Rs 338 cr -PAT down 17% at Rs 24 cr vs Rs 29 cr -EBITDA margin at 30.8% vs 33.7% -Higher Input cost impacted the Bottom-line
Automotive Stamping and Assemblies Q1FY12 -Net Sales dn 12% at Rs 114 cr vs Rs 129 cr -PAT dn 6% at Rs 1.7 cr vs Rs 1.8 cr -EBITDA margin at 7% vs 6.2%
Balaji Tele Q1FY12 -Rev down 8% to Rs 28.5 cr vs Rs 31 cr -EBITDA loss Rs 3 cr vs Rs 2.6 cr -PAT Rs 9.6 cr vs Rs 2.9 cr -Bottomline boosted by Other Income of Rs 16 cr vs Rs 8 cr -this Q other income includes maturity of insurance policy
L&T Finance: Sources -L&T Finance IPO to launch on July 27 -Company to raise Rs 1,245 crore via IPO -L&T Finance raised Rs 330 crore via pre-IPO placement last week
Draft MMDR Bill -Non-coal miners to pay 100% royalty -Coal miners to share 26% of net profit -Captive miners, PSUs not exempt from royalty/profit sharing
Textiles Ministry says: -To recommend duty drawback on cotton yarn export -Favour duty drawback on cotton yarn export from April 2011
Other stocks and sectors that are in news today: -FDI in retail to be taken up by the CoS on the July 22nd - Hexaware press conference today, likely to announce USD 100 million deal -PSU Oil companies up ATF prices by Rs 78/kl effective Saturday -F&O trading in Arvind, BF Utilities, Gitanjali Gems, JSW Energy, Jubilant Foodworks, South Indian Bank, TTK Prestige, VIP Industries to commence from today - Maruti 's Manesar plant workers boycott union election, saying they will go ahead to form their own body -F&O Ban: ABG Shipyard , Kingfisher Airlines - Tata Motors targets 10-12% growth in FY12: Sources - Venky 's to expand with estimated cost of Rs 107 crore to increase poultry capacity to be funded by loans - JK Paper board approves rights issue of 5.8 crore equity shares at Rs 42/share opening on August 8 - Modi Rubber has completed selling its entire shareholding in Modi tyres to Continental group for Rs 117 crore - Castrol shuts Tamil Nadu plant over high cost - GMR achieves financial closure for its 800 MW project in Singapore called Island Power - Orient Green Power places Rs 650 crore order with Suzlon Energy for over 100 MW of Wind Power Project - Strides to settle patent dispute with Astella - PFC may invite bids for consultants on bank plans -DoT opposes Tata Communications move to hike public holding and wants the company to first focus on dispute of company hiving off surplus land ((Erstwhile VSNL)) - Piramal Life 3-year old partnership with DBT into drug discovery enters into 2nd phase with around 14000 bio active cultures discovered from bio diverse habitat across the country -KAL Airways, majority stake holder in SpiceJet Returns Rs 500 crore debt raised to fund acquisition - Simbhaoli Sugars to spin off power business by investing Rs 300 crore - BL - Unitech , Parsvanath to benefit as Noida Extension buyers scout options - DNA -Mahindra group's realty arm to acquire a three storey bungalow in south Mumbai from Orbit Corp for Rs 270 crore (ET) - Wipro 's Rs 1182 crore contract with Employees state Insurance corp for IT services may be in trouble due to technical problems faced by govt (ET) -US based Rite Aid has alleged Ranbaxy 's refusal to pay legal costs & cover losses for a litigation the retailer is fighting for selling Ranbaxy's drugs in USA (ET) - L&T bids for the highest premium of Rs 251 crore under the negative viability gap funding for Rs 2388 crore Rajasthan project by NHAI (ET) -Tax issues have gathered over Axis Bank 's proposed acquisition of Enam Securities equities & investment banking business with RBI asking the bank to revise its accounting scheme & deal structure - BS -NHAI to award 7994 km of highway projects with infra companies to get a boost of Rs 42000 crore - BS - Hotel Leela Venture plans to raise Rs 1000 crore through asset sale & FCCB conversion, also trying to reduce debt by raising Rs 750 crore from the non core sale of assets - FE - HUL looking for partners to develop Bangalore IT SEZ, likely to get Rs 250-300 crore for Worli property - DNA -Secretaries panel to meet on Friday to discuss a formal proposal to allow upto 51% FDI in multi-brand retail with few conditions - HT
