Here are stocks that are in news today:
Tata Motors September sales
-Disaster sales numbers in September
-Much below expectations
-Big crack in medium & heavy commercial vehicle (MHCV) sales, MHCV sales run rate has dropped below 10000 units per month for the first time in several months
-Passengar vehicle (PV) sales crunched to multi-year lows on the back of competition and slow demand
Y-o-Y
-Total sales down 33 percent at 50427 versus 75773 units
-CV sales down 38 percent at 33119 versus 53339 units
-LCV sales down 34 percent at 24304 versus 37007 units
-MHCV sales down 46 percent at 8815 versus 16332 units
-PV sales down 46 percent at 12879 versus 23808 units
-Exports down 18.5 percent at 4429 versus 5441 units
Ashok Leyland
-Disappointing sales across all segments
-CV sales have been hit very badly, but now even the fast selling light commercial vehicle Dost has now succumbed to the -slowdown and seen lower sales Y-o-Y for the last two months
Y-o-Y
-Total sales down 32 percent at 7232 versus 10620 units
-CV sales (Ex-LCV Dost) down 38 percent at 4715 versus 7593 units
-LCV Dost sales down 17 percent at 2517 versus 3027
M-o-M
-Total sales at 7232 versus 7139 units
-CV sales (ex-LCV dost) down 4.5 percent at 4715 versus 4939 units
-LCV dost sales up 14 percent at 2517 versus 2200 units
-Ashok Leyland sells Defiance Testing & Engineering Services to Exova
Bajaj Auto September sales
-Better than expected, after seven consecutive months of Y-o-Y drop, sales have finally seen a growth Y-o-Y
-Domestic motorcycle sales see largely flattish growth versus expectation of 10 percent decline while export boost continues
Y-o-Y
-Total sales up 2 percent to 3.67 lakh versus 3.60 lakh units
-Motorcycles up 3 percent at 3.23 lakh versus 3.15 lakh
-3-wheeler down 2 percent at 43936 versus 44838 units
-Export sales up 10 percent at 1.46 lakh versus 1.33 lakh units
HT Media (CMP Rs 83)
-HPC (Mauritius) sells 70.1 lakh shares at Rs 75/share
-Reliance Fund buys 25 lakh shares, SBI Life buys 20 lakh and Amansa Capital buys 14 lakh shares
New Additions in F&O from today
-United Breweries
-Glenmark Pharma
-GSK Consumer
Corporate affairs ministry orders inspection of accounts of Financial Technologies, MCX, NSEL: Sources
-Inspection ordered under section 209 a of Companies Act
-Inspection to be carried out by 3 member official team
-Team to be headed by regional director of Mumbai ROC
-Corporate affairs ministry to take action based on report
Economic Offences Wing (EOW) freezes bank accounts of NSEL: Sources
-EOW summons directors of NSEL & Financial Technologies
-EOW summons Joseph Massey & Jignesh Shah for questioning
-EOW freezes all accounts of NSEL except escrow account
-EOW freezes account of 58 NSEL defaulters
Alert: EOW had raided 184 places in NSEL issue on Monday
NSEL says
-EOW Mumbai freezes NSEL bank accounts
-EOW Mumbai also freezes NSEL's settlement bank accounts
-Cannot make any payouts as EOW freezes bank accounts
-Taking legal advises to defreeze settlement bank accounts
Coal India
-September production at 33.16 mt versus target of 33.58 mt
-September offtake at 35.79 mt versus target of 34.84 mt
SEBI clears Jet Airways-Etihad deal; no open offer required: PTI sources
-Government to take final call on revised commercial co-operative agreement
-'Informed our stand to finance ministry on September 25
Other stocks and sectors that are in news today:
-ADB cuts India GDP from 6 percent to 4.7 percent for FY13-14: Mint
-Cabinet withdraws controversial ordinance
-Glenmark Pharma to sell its Oral Contraceptives division: ET
-Gitanjali Gems promoters reject 30 percent dividend payout: ET (Institutional investors backed the payout)
-No debt recast for Winsome Diamonds: ET (Owes Rs 4000 crore to lenders)
-Bharti Mittal says need clear M&A policy for telecom sectors: ET (will take a call on retail business after Walmart stand)
-Company failing to meet loan recast deadline may have to cede control: ET
-CBI registers preliminary enquiry into alleged irregularities in functioning of NSEL
-Cement companies to detail their production and dispatch numbers for September
-Fitch affirms Tata Chemicals’ rating at BB+; outlook stable
-SC to continue hearing in Goa mining case today
-Sun Pharma in JV with Intrexon to develop new class of therapeutics for Ocular disease drugs
-HDIL moves Bombay High Court against MIAL
-State Bank of Bikaner and Jaipur ups base rate by 10 bps to 10.25 percent applicable today onwards
TRAI releases consultation paper on issue/extension of DTH license
-TRAI Consultation Paper: Key issues in paper include entry fee, bank guarantee & period of licence
-TRAI seeks comments/view of the stakeholders
-Stakeholders requested to offer comments latest by October 15, 2013
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