Stocks in the news: ICICI Bank, Bharti Airtel, Alok Industries, United Spirits, RIL, Rane Brake

Strides Shasun: Company gets US FDA nod for Cyproheptadine Hydrochloride tablets

ICICI Bank: The BSE has sought clarification from the bank on a probe by SEBI with regard to corporate governance issues.

Bharti Airtel: Delhi High Court has directed the company to modify tagline of ‘Live and Free’ advertisements for IPL tournament.

Bliss GVS' Bliss Clinic Singapore subsidiary received USD 12 million for sale of 51 percent in Bliss GVS Healthcare Kenya

IL&FS Engineering Services wins Rs 129.66 crore pipeline laying contract

Vipul received RERA Registration for Aarohan Commercial Tower in Gurugram

Essel Propack issued commercial paper (CP) worth Rs 30 crore

Alok Industries: Lenders believed to have agreed to revised resolution plan, CNBC-TV18 reported.

United Spirits: The Board has approved a stock split in the ratio of 5:1.

NBCC received shareholder’s approval for stock split

Marico to do Strategic investment in Revolutionary Fitness Private Limited by acquiring 22.5 percent stake

Jain Irrigation System board meeting on April 18 to consider various options to raise long term funds

Reliance Industries: Has raised Rs 3,250 crore from Japanese banks to fund capex plan.

Rane Brake (Q4, YoY)
-Revenue up 13 percent at Rs 142 crore
-Net profit up 50 percent at Rs 6 crore
-EBITDA down 22.7 percent at Rs 17 crore
-Margin at narrowed to 12 percent from 17.5 percent

Bhansali Engineering Polymers Q4 (Standalone, YoY)
-Net sales up 56.5 percent at Rs 301.8 crore versus Rs 192.8 crore
-Net profit up 82 percent at Rs 28.6 crore versus Rs 15.7 crore
-Ebitda up 94 percent at Rs 43.8 crore versus Rs 22.6 crore
-Margin at 14.5 percent versus 11.7 percent

DCB Bank (Standalone, YoY)
-Net interest income up 19.7 percent at Rs 263.7 crore
-Net Profit up 21.5 percent at Rs 64.2 crore
-Provisions up 13.1 percent at Rs 38.8 crore (QoQ)
-GNPA at 1.79 percent versus 1.89 percent (QoQ)
-NNPA at 0.72 percent versus 0.87 percent (QoQ)

ICICI Securities Q4 (Consolidate, YoY)
-Revenue up 35 percent at Rs 514.6 crore
-Profit up 90.7 percent at Rs 158.6 crore
-Ebitda up 86 percent at Rs 260 crore
-Margin at 50.6 percent

Gruh Finance Q4 (Standalone, YoY)
-Revenue up 16 percent at Rs 484.3 crore.
-Net profit up 18 percent at Rs 130.5 crore.
-Provisions down 94 percent at Rs 1.4 crore (QoQ)
-Announces 1:1 bonus issue.

Tata Group: Tata Projects wins Rs 1,048-cr Mumbai Metro orders.

Metal stocks: White House to decide on rollback of tariff on Indian steel, aluminium, Hindu Business Line reported.

Tata Steel: Company posts highest ever output at 12.48 MT in FY18

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