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HomeNewsBusinessStocksStocks in news: TCS, Liberty Phosphate, GMR, HMT, DCHL, Jet

Stocks in news: TCS, Liberty Phosphate, GMR, HMT, DCHL, Jet

TCS | Liberty Phosphate | GMR | HMT | Varun Industries | Jet Airways | Deccan Chronicle Holdings and Lupin are stocks, which are in the news today.

April 18, 2013 / 09:40 IST

Here are stocks that are in news today:

Results Today: IndusInd Bank, Essar Ports, CRISIL, MRF, VST Industries, Wendt India

Lupin says:
-US court of appeals ruled in favour of company for Yaz generic
Alert: Yaz generic is an oral contraceptive tablet
-US court of appeals reverses district court decision of validity

Govt sources say on Jet-Etihad Deal:
-Jet-Etihad deal may be finalised in a month
-Issues related to BIPA with UAE will take its own course
Alert: BIPA is Bilateral Investment Protection Agreement
-Govt finding ways to assure UAE on investment into India
-Deal could be finalised even before BIPA takes shape

TCS Q4:
-Net profit at Rs 3,597 crore Vs Rs 3,551.8 crore (QoQ)
-Rupee revenue at Rs 16,430.1 Crore Vs Rs 16,069.9 Crore (QoQ)
-Dollar revenue at USD 3,040 million Vs USD 2,948 million (QoQ)
-Dollar revenue up 3.1 percent at USD 3,040 million (IFRS) (QoQ)
-Other income at Rs 442.5 Crore Vs Rs 221.2 Crore (QoQ)
-Other income includes forex gain of Rs 124.3 Crore
-Operating margin at 26.5 percent; down 73 bps (QoQ)
-Operating profit down 0.5 percent at Rs 4,358.4 Crore (QoQ)
-Telecom, media vertical revenue at Rs 1,872 Crore
-Retail, consumer goods vertical sales at Rs 2,206 Crore
-BFSI revenue at Rs 7,153 Crore
-Attrition rate at 10.6 percent LTM
-Volume growth 4.4 percent (QoQ)
-Utilisation rate (excluding trainees) at 82 percent
-Utilisation rate (including trainees) at 72.2 percent
-Board recommends dividend of Rs 13/Share

TCS CEO says
-Delivered strong growth with all segments growth in double-digits
-Growth has been well-rounded in FY13
-Delivered a strong quarter; closed with a good run rate
-Volume growth on constant currency basis of 16.2 percent
-Added 69,928 employees on gross basis
-Company has one of the lowest attrition rates
-Added 52 new clients in Q4
-Deal pipeline looks strong going ahead
-Postive on all sectors including BFSI
-Confident telecom will see recovery going ahead
-Confident of beating NASSCOM's FY14 sector growth forecast
-Expect pricing to remain stable
-FY14 will be better than FY13
-To hire 45,000 employees in FY14
-Would look at increase in H1B visa cap
-Too early to comment on Immigration Bill implications
-Continental Europe has done better than UK
-'Environment continues to present lots of opportunities for us'
-Looking at FY14, confident will operate at current margins
-Europe will be focus area for organic, inorganic growth
-Hope to maintain margins at around 27 percent
-Japan, Germany are important markets

Power Minister
-To discuss coal related issues with coal minister tomorrow
-To decide if NTPC-CIL fuel issue to be taken to CCI post meet

Deccan Chronicle Holdings (DCHL) to demerge newspapers, sports & retail businesses: PTI
-DCHL may consider listing the new demerged entity on bourses: PTI
-DCHL to demerge biz into entity called as 'Land Interactive Media': PTI
DCHL says
-Land Interactive Media to have Rs 250 crore as capital via 18.7 crore equity shares

Banking secretary says
-Have received report from RBI on Cobrapost sting
-Serious structural issues raised by RBI report
-Will ask involved banks to explain
-Deciding on future course of action
-Future course of action after consultations with RBI
-Action to be taken in a transparent manner
-Will meet RBI deputy governor to decide on course of action tomorrow

RBI sources say
-Private banks allowed customers to buy 3rd party products in cash
-Found systemic failure to detect large cash transactions
-Sources say RBI to take stringent action against all 3 banks named in report

CNBC-TV18 Exclusive: Finance ministry sources say
-Revenue secretary met FIIs in Mumbai today to discuss tax concerns
-FIIs had questions about QFI framework, withholding tax
-FIIs had questions on obtaining PAN

Varun Industries to hold EGM to allot 1.56 crore shares on preferential basis to promoter
-Shares have face value of Rs 10
-Premium of Rs 12.59/sh
-Issue price at Rs 22.59
-CMP Rs 12.25

Liberty Phosphate Q4
-Net profit at Rs 3.2 crore Vs Rs 16.7 crore (YoY)
-Net sales at Rs 97.5 crore Vs Rs 144 crore (YoY)

Other stocks and sectors that are in news today:
-Cabinet & CCEA meet today: CCEA to consider HMT revival plan; proposal to infuse Rs 1083 crore into HMT
-All party to meet and discuss Land acquisition bill
-SC verdict on Sterlite's Niyamgiri bauxite mining project
-SC Verdict on Karnataka Illegal Iron Ore Mining Case
-GMR airports to go public, plans to raise Rs 2000 crore, to facilitate PE exit: ET
-Banks may raise margin requirement for gold loans: BS
-GMM Pfaudler open offer at Rs 88.5/share, opens on April 22, closes on May 7
-Centrum Capital board to meet to consider bonus issue & sub division/stock split of equity shares
-ESAB India goes ex-date will announce dividend at Rs 7.5/sh
-SKF India goes ex-date will announce dividend at Rs 7.5/sh

first published: Apr 18, 2013 08:26 am

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