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Stocks in news: DCB, Tech Mah, ICICI Bank, SBI, RIL, ONGC

DCB | Nalco | Jyoti Structures | Kotak Mahindra Bank | Bharat Forge | Godrej Consumer | Royal Orchid | Tech Mahindra | ICICI Bank | SBI | Chambal Fertiliser | Tata Steel | RIL and ONGC are stocks, which are in the news today.

January 24, 2011 / 08:35 AM IST

Here are stocks that are in news today:

Results today: ICICI Bank, Union Bank of India, Idea Cellular, Indian Bank, JSPL, Godrej Consumers, Jindal Steel, Sesa Goa, SKS Finance, Sobha Dev, Deccan Chronicle

Chambal Fertiliser Q3 (cr - crore, vs - versus)
-Revenue up 18.5% to Rs 1353 cr vs Rs 1142 cr
-OPM 17% vs 16.2%
-PAT up 35% to Rs 107 cr vs Rs 80 cr

Omkar Speciality Chemical IPO opens today
-Price band Rs 95-98/sh
-Offer to raise Rs 76.95-79.38 crore

Tata Steel sets issue price for FPO at Rs 610/share: NW18
-QIB (net of anchor): 10.41 times (x)
-Retail: 1.46x
-HNI: 7.21x
-Employee: 0.05x
-Overall: 5.98x

ONGC says - NewsWire18
-Mumbai offshore oil pipeline leakage stopped
-To disperse Mumbai offshore oil spill within 48 hours

RIL Q3 (Largely inline with street expectations) (YoY)
-Sales up 5.2% at Rs 59789 crore Vs Rs 56856 crore
-OPM at 15.96% Vs 13.80%
-Net profit up 28.1% at Rs 5136cr Vs Rs 4008cr
-GRM at USD 9/bbl Vs USD 7.9/bbl QoQ
-Petchem margins up 60 bps at 15.2% Vs 14.6%
-Oil and Gas margins down 360 bps at 36% Vs 39.6% QoQ
-Crude throughput at 16.1 MMT Vs 16.9 MMT QoQ
-Utilization at 104% Vs 109% QoQ
-Lower utilization on account of planned shutdown at Jamanagar refinery 
-Other expenses up 7.1% at Rs 4142 crore Vs Rs 3869 crore QoQ
-Q3 Other un-allocable expenses including forex loss of Rs 117 crore
-KG-D6 average production in Q3 at 54.5 mmscmd

-Net profit at Rs 2,828 cr Vs Rs 2,479.1 Cr (YoY)
-NII at Rs 9,050 cr vs Rs 6,316.3 cr (YoY)

Tech Mahindra Q3
-Consolidated net profit at Rs 260 cr vs Rs 170 cr (QoQ)
-Consolidated income from operations at Rs 1,211 cr vs Rs 1,187 cr (QoQ)
Tech Mah says from boardroom
-Q3 volume growth flat sequentially
-Q3 operating profit margin at 20.6%
-Q3 IT utilisation at 76.3%
-Discretionary IT spending slow to pick up
-Q3 attrition around 30%
-Debt as on December at Rs 1,348 cr vs Rs 1,426 cr in September
-Cash, cash equivalents at Rs 519 cr as on December 31
-Tepid quarter due to sluggish growth in telecom sector
-Strong hedge portfolio to protect margins in short-term
-Expect AT&T biz to grow
-Business from BT will not be affected by stake sale
-Details on merger with Mahindra Satyam to be clearer soon

Godrej Consumer Q3
-Cons net profit at Rs 118.8 cr vs Rs 85.1 cr (YoY)
-Cons net sales at Rs 980.4 cr vs Rs 517.6 cr (yoy)

Royal Orchid Q3
-Consolidated net profit at Rs 4.4 cr vs Rs 3 cr
-Consolidated revenues at Rs 40.9 cr vs Rs 31.3 cr (YoY)
-Consolidated EBIDTA margins at 29% vs 24.7%

Bharat Forge Q3
-Net profit at Rs 82.6 cr vs Rs 38 cr (YoY)
-Net sales at Rs 754 cr vs Rs 496 cr (YoY)

Other stocks and sectors that are in news today:
-Maruti ups vehicle prices by up to Rs 8,000
-Kotak Mahindra Bank hikes rates on some deposits by 25-50 bps effective January 22
-Government in process to ban FDI in the wholesale marketing arm of the tobacco companies (BS)
-Jyoti Structures rights issue opens today (ET)
-Vodafone gives a nod for Essar IPO (ET)
-Thermax to setup country

first published: Jan 24, 2011 08:21 am

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