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Stocks in news: WWIL, Torrent Power, Marg, Maruti, LIC Hsg
Alembic | WWIL | Zee News | Navine Fluorine | Manali Petrochemicals | Everest Industries | Bajaj Finserv | Raymond | Camlin | Torrent Power | AP Paper | Marg | Abbott | GVK Power | Maruti Suzuki | LIC Housing Finance and Dewan Housing are stocks, which are in the news today.
Results today: Bajaj Auto, Cairn India, Yes Bank, Ultratech Cement, Indiabulls Real Estate, IDBI Bank, Hexaware Tech, Sterlite Tech, Thermax, Dewan Housing, KPIT Cummins, Dhanlaxmi Bank, Exide, Industries, SREI Infra, Mahindra Forgings, GHCL, Piramal Healthcare, Bajaj Holdings, HSIL, Bharat Bijlee, Noida Toll, Kirloskar Brothers, AGC Networks, Hindustan Media Ventures, Wabco India, Ashapure Minechem, DCW, Deepak Fertilizers, FAG Bearings, Gujarat Alkalies, Gujarat Industries Power, GSFC, Indiabulls Securities, ESAB India, GM Breweries, Gujarat Narmada Valley fertilizer, Sagar Cements, State Bank of Travancore, Swaraj Engines, Nilkamal, Excel Crop Care, Indiabulls Power, Indoco Remedies, Granules India, Repro India, Kewal Kiran Clothing, DB Corp, Fresenius Kabi, Infoedge India
National Housing Board notifies -No penalties on pre-payment of loans from housing finance companies -Uniform interest rates for all customers irrespective when the loan is taken -Impact on LIC Housing Finance, Dewan Housing, HDFC, GIC Housing
Bombay HC dismisses Punj Lloyd plea over USD 130 million ONGC contract -Punj Lloyd approached HC claiming price privilege for local bidders -Contract was for sub-sea pipeline connecting Bombay high -Punj Lloyd has option to approach SC for relief
Jaipal Reddy says -No view so far on capping LPG sale to households -For first time international oil prices have been high for so long -Rupee depreciation huge concern for oil sector -Losing Rs 24,000 crore due to rupee depreciation -Under-recoveries by OMCs likely at Rs 1.21 lakh crore this financial year -Finance Ministry yet to firm up subsidies for this fiscal -Wrote to Finance Ministry on losses on account of diesel must be reduced -Loss on diesel alone in Rs 67,000 crore -15% of diesel consumption by passenger vehicles -Not practical to have dual pricing for diesel -Financial condition of oil PSUs fairly 'fragile' -Had asked FM to introduce duties on diesel cars -Not received law ministry's advice on RIL cost recovery at KG-D6 -Finance Ministry has still not released Rs 15,000 cr compensation for Q1 -Have been pleading Finance Ministry for higher compensation for OMCs -DGH insisting on RIL drilling more wells as per FDP -To limit upstream firms' share of subsidy burden to 33%
Maruti Suzuki says -Continue talks with striking workers -Manesar plant headcount now at 600 versus 400 on Tuesday -Produced 300 Swift cars on Wednesday Maruti update sources say -Meeting between Maruti management, workers, Haryana govt positive -Second round of meeting to be held this evening
Infotech Enterprises says (From Boardroom) -Confident of improving margins in coming quarters -FY12 revenue growth expected at 20-25%
Other stocks and sectors that are in news today: -Listing today: M&B Switchgears, issue price Rs 186/sh - Moser Baer amicably resolves all issues with 150 striking workers -AP Paper to use the sale proceeds for expansion in its textile & tea businesses-ET -Oil companies pitch for fuel price hike; companies forced to borrow as govt hasn't paid them subsidy for last quarter (ET) -Marg makes an open offer to acquire 76.5 lakh shares at Rs 91/sh (CMP: 81.70) -Thomas Cook in talks with Travelex to sell its Forex unit in India (FE) -Abbott plans to split Medical products and R&B biz, Indian arm to fall under medical products biz -Mint -Panel mulls 26% hike in tax on bidis & 15% tax on for cigarettes (FE) -SEBI issues show-cause notice to India Infoline for certain violations, brokerage says seeking consent settlement - Mint - GVK Power & Infra acquires Siemens 14% stake in Bangalore Intl Airport for Rs 613.82cr ((Holding now 43%)) -F&O ban: ABG Shipyard, Gitanjali Gems
Rallis India Q2FY12 consolidated YoY (cr - crore, vs - versus) -Revenues up 18% to Rs 430 cr vs Rs 363 cr -EBITDA up 10% to Rs 98 cr -OPM 23% vs 25% -PAT flat at Rs 59 cr
Torrent Power Q2FY12 YoY Consolidated -Total income up 16% at Rs 2007 Cr vs Rs 1724 Cr -PAT up 41% at Rs 308 Cr vs Rs 219 Cr -Total expenditure up 15% at Rs 1529 Cr vs Rs 1325 Cr -EBITDA up 18% at Rs 587 Cr vs Rs 499 Cr -EBITDA Margin at 29.2% vs 28.9%
Camlin Q2FY12 -Net sales down 26% at Rs 83 Cr vs Rs 112 Cr -Net loss at Rs 1 Cr vs Net Profit at Rs 6 Cr -Total expenditure down 19% at Rs 81 Cr vs Rs 102 Cr -EBITDA down 83% at Rs 2 Cr vs Rs 12 Cr -EBITDA Margin at 2.4% vs 10.7%
Raymond Q2FY12 Consolidated YoY -Total income up 25% at Rs 986 Cr vs Rs 786 Cr -PAT up 25% at Rs 81 Cr vs Rs 65 Cr -Total expenditure up 25% at Rs 853 Cr vs Rs 691 Cr -EBITDA up 28% at Rs 172 Cr vs Rs 134 Cr -EBITDA Margin at 17.4% vs 17%
Bajaj Finserv Q2FY12 -Net Sales up 52% at Rs 714 Cr vs Rs 471 Cr -PAT up 1.3 times at Rs 158 Cr vs Rs 69 Cr -Total expenditure up 2% at Rs 228 Cr vs Rs 223 Cr -EBITDA up 93% at Rs 490 Cr vs Rs 254 Cr -EBITDA Margin at 68.6% vs 53.9%
Everest Industries Q2FY12 YoY -Net sales up 28% at Rs 186 Cr vs Rs 145 Cr -PAT up 30% at Rs 6 Cr vs Rs 4.6 Cr -Total expenditure up 29% at Rs 172 Cr vs Rs 137 Cr -EBITDA up 8% at Rs 14 Cr vs Rs 13 Cr -EBITDA Margin at 7.5% vs 9%
Manali Petrochemicals Ltd Q2FY12 YoY -Total income up 30% at Rs 131 Cr vs Rs 101 Cr -PAT up 52% at Rs 7 Cr vs Rs 4.6 Cr -Total expenditure up 27% at Rs 122 Cr vs Rs 96 Cr -EBITDA up 67% at Rs 10 Cr vs Rs 6 Cr -EBITDA Margin at 7.6% vs 5.9%
Supreme Petrochem Q2FY12 YoY -Net sales up 20% at Rs 547 Cr vs Rs 456 Cr -PAT down 11% at Rs 16 Cr vs Rs 18 Cr -Total expenditure up 22% at Rs 521 Cr vs Rs 427 Cr -EBITDA down 9% at Rs 31 Cr vs Rs 34 Cr -EBITDA Margin at 5.7% vs 7.5%
Navine Fluorine International Ltd Q2FY12 -Total income up 1.5 Times at Rs 192 Cr vs Rs 78 Cr -PAT up 9.7 times at Rs 59 Cr vs Rs 5.5 Cr -Total expenditure up 48% at Rs 108 Cr vs Rs 73 Cr -EBITDA up 10 times at Rs 88 Cr vs Rs 8 Cr -EBITDA margin at 45.8% vs 10.3%
Zee New Q1FY12 YoY -Revenues up 28% to Rs 79 cr vs Rs 61.5 cr -EBITDA up 21% to Rs 8.5 cr vs Rs 7 cr -OPM flat at 11% -PAT Rs 3.48 crore vs Rs 22 lakh -Profit growth due to higher topline and maintaining margins at 11% -Int costs Rs 30 lakh vs Rs 1.4 cr
Wire and Wireless Q2FY12 Consolidated YoY -Net sales up 20% at Rs 89 Cr vs Rs 74 Cr -Net loss at Rs 14 Cr vs Net Loss at Rs 20 Cr -Total expenditure up 18% at Rs 97 Cr vs Rs 82 Cr
Alembic Q2FY12 YoY - Not comparable due to demerger of pharma business -Revenues Rs 27 cr vs Rs 354 cr -EBITDA loss Rs 5 cr vs Gain of Rs 44 cr (OPM 12%) -Net loss Rs 1.8 cr vs PAT of Rs 21.3 cr -Company launched a residential project this quarter