Moneycontrol
Last Updated : Nov 09, 2018 08:53 AM IST | Source: Moneycontrol.com

Stocks in the news: GAIL, MRF, Majesco, JSW Steel, Glenmark, Titan, Kilitch Drugs, Bharti Airtel

Glenmark Pharma | JSW Steel | Majesco | Titan Company | Kilitch Drugs | Allahabad Bank | GAIL and MRF are stocks which are in the news today.

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Here are stocks that are in the news today:

Results on Friday and Saturday:

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Results on Sunday: Axiscades Engineering Technologies, Bharat Dynamics

MRF Q2: Profit declines 12.3 percent to Rs 263 crore versus Rs 300 crore; revenue rises 9.4 percent to Rs 3,928.2 crore from Rs 3,591 crore; EBITDA falls 4.1 percent to Rs 581 crore versus Rs 605.7 crore; margin contracts to 14.8 percent versus 16.9 percent (YoY).

Kilitch Drugs Q2: Profit jumps to Rs 4.5 crore versus Rs 2.23 crore; revenue increases to Rs 26.72 crore versus Rs 15 crore YoY.

GAIL India: Company has received contract for the purchase of 616 km of line pipe worth Rs 1,100 crore for the Barauni - Guwahati pipeline, putting on fast track project execution of the crucial 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network.

Allahabad Bank: Bank has received a communication from the Government of India regarding fresh capital infusion of around Rs 3,054 crore towards contribution of the Central Government in the preferential allotment of equity shares (special securities/bonds) of the bank during the financial year 2018-19.

Glenmark Pharma: Company to launch Phase 1 trial in solid tumors for its CD38xCD3 Bispecific Antibody GBR 1342 based on human translational data.

JSW Steel: Crude steel production increases 8 percent to 14.47 lakh tonnes in October 2018 against 13.43 lakh tonnes in same month last year.

Mphasis acquires Stelligent for USD 25 mn

Moody's places Bharti Airtel's rating on review for downgrade

Strides enters into a strategic partnership with SUDA Pharmaceuticals for the US market

Cabinet clears strategic sale of govt equity in Dredging Corp

Majesco: PT PFI Mega Life Insurance, the joint venture life insurance company of Prudential Financial Inc and CT Corpora, has selected Majesco Policy for Life & Annuities and Group along with a point of sale and activity management solution specifically used within the Asia Pacific region.

HMT: Hitesh Goyal, Deputy Manager (Finance) who was designated as Chief Financial Officer of the company has resigned due to personal reasons and career plans.

Bulk Deals

Karda Constructions: Marfatia Nishil Surendra purchased 1,00,000 shares of the company at Rs 179.99 per share on the NSE.

CL Educate: Ocean Dial Gateway to India Mauritius Limited sold 77,134 shares of the company at Rs 114 per share on the NSE.

Gopala Polyplast: Aspire Emerging Fund bought 1,43,626 shares of the company at Rs 60.16 per share on the BSE.

(For more bulk deals, click here)

Analyst or Board Meet/Briefings

Dr Lal PathLabs: Company's officials will be meeting analysts/investors on November 9, 14, 15 and 16.

Assam Company: Board meeting is scheduled on November 14 to consider the unaudited financial results for the quarter ended September 2018.

Empee Sugars & Chemicals: Board meeting is scheduled on November 14 to consider the unaudited financial results for the quarter ended September 2018.

Bartronics India: Board meeting is scheduled on November 14 to consider the unaudited financial results for the quarter ended September 2018.

Marg: Board meeting is scheduled on November 14 to consider the unaudited financial results for the quarter ended September 2018.

BPL: Board meeting is scheduled on November 14 to consider the unaudited financial results for the quarter ended September 2018.

Visaka Industries: Company's officials will be participating in investor conference on November 20, 27 and December 4.

 
First Published on Nov 9, 2018 07:35 am
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