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Stocks in news: MphasiS, Coal India, Financial Tech, JSPL

MphasiS | Rolta India | Elder Pharma | Financial Technologies | Hexaware Technologies | Jayant Agro Organics | Jindal Steel & Power | Shriram EPC and Coal India are stocks, which are in the news today.

August 30, 2013 / 10:15 IST

Here are stocks that are in news today:

Lok Sabha passes Land Acquisition Bill, 2011
-216 MPs vote in favour of bill, 19 MPs vote against

Rahul Gandhi says 'Quite happy at the passage of the Land Acquisition Bill'

Confederation of Indian Industry (CII) on Land Bill:
-Fair & transparent land acquisition imperative for industry growth
-Industry has serious concerns on some land acquisition bill provisions
-Resettlement & rehabilitation costs likely to go up by three times
-Bill may lead to major delays in land acquisition process
-Retrospective applicability of bill to affect on-going projects

Govt picks 7 banks to divest 5 percent stake in Coal India: Sources
-7 banks include Goldman Sachs, Credit Suisse, Deutsche Bank, SBI Capital Markets, Kotak Mahindra Capital, JM Financial and Merrill lynch

NSEL Investor Forum
-To consider legal step against National Spot Exchange (NSEL) after 2 weeks
-Awaiting government panel report on NSEL crisis
-Asked Forward Markets Commission (FMC) to rescind NSEL's Tuesday pay-out

Sesa Goa
-Allots shares to Sterlite Industries, MALCO, Ekaterina shareholders
-Allots 7 company shares for every 10 MALCO shares held
-Allots 3 company shares for every 5 Sterlite Industries shares held
-Allots 1 company shares for every 25 Ekaterina shares held

SBI
-Revises 7-60 days bulk deposit rates to 9 percent per annum       
-Revises 61 day-below 1-year bulk deposit rate to 8.25 percent per annum

Shriram EPC
-Okays issue of Rs 200 crore cumulative redeemable preferential shares
-Okays issue of Rs 100 crore optionally convertible debentures

Other stocks and sectors that are in news today:
-Fresh trouble for Financial Technologies as arm found trading in MCX: ET
-REC Bond issue opens on August 30, closes on September 23, to raise upto Rs 5000 crore
-Muthoot Finance NCD issue of Rs 150 crore, green shoe option of Rs 150 crore, issue opens on September 2
-Hexaware Technologies open offer at Rs 135/share, offer opens October 18, closes October 31
-Igarashi Motors open offer at Rs 65/share
-Airport Authority of India (AAI) puts SpiceJet on cash-and-carry
-Jayant Agro Organics in JV pact with Japanese company Mitsui Chemicals
-ING Vysya Bank ups interest rates on some deposits by 25-50 bps
-Jindal Steel & Power (JSPL) Board to meet today to consider the buyback of shares

MphasiS Q3
-Consolidated net profit at Rs 192.6 crore versus Rs 176.5 crore (QoQ)
-Consolidated net sales at Rs 1,540 crore versus Rs 1,405.4 crore (QoQ)
-Consolidated EBITDA at Rs 280 crore versus Rs 241.8 crore (QoQ)
-Consolidated EBITDA margin at 18.2 percent versus 17.2 percent (QoQ)

Rolta India Q1
-Consolidated net sales at Rs 612 crore versus Rs 570 crore (QoQ)
-Consolidated profit (excluding exceptional item) at Rs 108 crore versus Rs 73 crore (QoQ)

Elder Pharma Q1
-Consolidated net profit at Rs 84.3 lakh versus Rs 18 crore (YoY)
-Consolidated net sales at Rs 184 crore versus Rs 353.5 crore (YoY)

Fitch says
-RBI steps to support rupee may lead to further slowdown in FY14
-See India banks' asset quality under stress due to rupee fall
-RBI steps on rupee may subdue banks' loan growth improvement
-India's economic slowdown likely to be longer-than-expected
-No bank may remain unscathed by recent events
-PSU banks seen under greater pressure

Oil Minister Veerappa Moily says
-Cabinet okays direct benefit transfer expansion for LPG
-50 percent homes to be covered under LPG direct benefit by January 1

Open to give 100 percent control to private investors in few airports: Govt sources say
-Considering giving 100 percent equity to private players in six airports
-Six airports include Kolkata, Chennai, Guwahati, Ahmedabad, Lucknow and Jaipur

first published: Aug 30, 2013 08:41 am

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