Stocks in news: ITC, Ambuja, Elder Pharma, Hero, Central Bk

Here are stocks that are in news today:

Results Today - ITC, Maruti Suzuki, ACC, GAIL India, IOB, Sterlite Industries, Bata India, Biocon, TTK Prestige, M&M Financial, Muthoot Finance, SKS Microfinance, Strides Arcolabs, MRF, Piramal Enterprises, Raymonds, Thermax, Torrent Power, Tata Metaliks, Shriram City Union, Containers Corporation, Dhampur Sugar, Granules India, Kalpataru Power, Kalyani Forge, Kansai Nerolac, Mahindra Ugine, Tata Jewels, Wendt India

Ambuja Cements-ACC Deal:
-Ambuja to acquire 24 percent stake in Holcim India for Rs 3,500 crore
-Holcim India to be merged into Ambuja via all stock merger
-Ambuja to issue 58.4 crore shares to Holcim
-Holcim to hold 61.39 percent stake in Ambuja post deal
-Ambuja to own 50.01 percent stake in ACC post deal
-Citi advisor to Holcim; Axis Capital advisor to Ambuja
-Holcim India’s 9.76 percent shareholding in Ambuja to stand cancelled
-Proposed merger swap ratio: 6.6 Ambuja shares for 1 ACC share

Ambuja-ACC Deal: Ambuja Cements MD
-Merger of Holcim India will be a 2 step process
-Deal will unlock significant synergies between both companies
-Looking at synergies in areas of logistics & supply chain
-Capital will be put to better use
-Will retain both brands & management teams
-Will seek shareholder nod to hike stake further in Ambuja
-'It is an attractive deal for minority shareholders'
-Transaction will add to earnings of Ambuja immediately
-Holcim not in need of cash
-Not planning to raise any debt for financing working capital
-ACC has cash balance of over Rs 3,000 crore
-Replacement cost to be in range of USD 130-160/tonne

Former Ambuja MD Anil Singhvi:
-Holcim wouldn't have gone for deal if it did not need cash
-Deal structured to facilitate cash to Holcim
-'Ambuja MD today spoke more as Holcim spokesperson'
-Deal simply to take money out from Ambuja at a premium
-Ambuja has not increased capacity in last 5 years
-Deal done at a premium to current valuations
-Deal will not be EPS accretive as company dilutes close to 30 percent
-'Deal is nothing but fraud on minority shareholders'

Elder Pharma may sell India formulations business for USD 400-450 million: Sources Say: Reuters
-Sanofi's arm in talks to buy Elder's formulations biz

Wockhardt Says: (stock down 20 percent yesterday)
-Have already initiated taking corrective measures
-Have appointed a US-based consultant at Waluj plant
-Consultant to work with company to address issues raised by US FDA
-Committed to achieve full compliance at the earliest

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) stays Rs 650 crore notice on Bharti Airtel: Sources
-Notice for allegedly violating licence norms on Subscriber Local Dialing (SLD) services
Alert: Notice pertaining to service of SLD to subscribers between 2002-2005
-TDSAT asks DoT not to take any coercive action in matter
-TDSAT to take up matter at next hearing on August 21
Alert: Bharti Airtel refuses to comment of CNBC-TV18’s query

Bajaj Auto says:
-Around 798 workers reported to work
-To produce 1,900 vehicles at Chakan & 1100 Pulsars at Waluj today
-Achieved 100 percent requirement of Pulsar, Avenger & KTM

Govt sources say:
-Wastage & value add norms unchanged for 4 years
-Norms need to be revisited once again
-Suitable adjustment will restrict imports

Jindal Power says:
-Expanding capacity at Tamnar plant by 2,400 MW
-To invest Rs 13,500 crore on Tamnar plant expansion
-Tied up Rs 5,418 crore loan so far for Tamnar expansion
-Tied up loan for 1,200 MW phase-I Tamnar expansion

Other stocks and sectors that are in news today:
-Diamond Power approves allotment of bonus shares in ratio of 1:3

Hero MotoCorp Q1:
-Net profit at Rs 548 Crore Versus Rs 615.4 Crore (YoY)
-Total income at Rs 6,159 Crore Versus Rs 6,247.3 Crore (YoY)
-EBITDA at Rs 915 Crore Versus Rs 936.4 Crore (YoY)
-OPM at 14.9 percent Versus 14.9 percent (YoY)
Alert: Hero MotoCorp margins in-line with expectations
Hero MotoCorp says:
-PAT down due to higher tax rate on account of tax benefit expiry
-PBT margins held despite de-growth in volume

Ambuja Cements Q2:
-Net profit at Rs 324 Crore Versus Rs 468.9 Crore (YoY)
-Net sales at Rs 2,346 Crore Versus Rs 2,566 Crore (YoY)
-EBITDA at Rs 492 Crore Versus Rs 722.3 Crore (YoY)
-EBITDA margin at 21 percent Versus 28.2 percent (YoY)

Cairn India Q1:
-Consolidated net profit at Rs 3,127 Crore Versus Rs 2,564 Crore (QoQ)
-Consolidated net sales at Rs 4,063 Crore Versus Rs 4,363 Crore (QoQ)
-Consolidated EBITDA at Rs 2,909 Crore Versus Rs 3,258 Crore (QoQ)
-Consolidated EBITDA margin at 71.6 percent Versus 74.7 percent (QoQ)
-Consolidated forex gain at Rs 682 Crore Versus Loss Of Rs 2.8 Crore (QoQ)
Cairn India Q1:
-Rajasthan block profit share to government Rs 1,054 Crore
-Royalty on Rajasthan block output Rs 873 Crore

Novartis India Q1:
-Net profit at Rs 13.8 Crore Versus Rs 27 Crore (YoY)
-Net sales at Rs 219 Crore Versus Rs 215.3 crore (YoY)

Central Bank of India Q1
-Net profit at Rs 22 Crore Versus Rs 336 Crore (YoY)
-NII at Rs 1,538 Crore Versus Rs 1,377.6 Crore (YoY)
-Gross NPA at 6.03 percent Versus 4.80 percent (QoQ)
-Net NPA at 3.85 percent Versus 2.90 percent (QoQ)
-Provisions at Rs 983.3 Crore Versus Rs 445 Crore (QoQ)
-NIM unchanged at 2.68 percent (QoQ)
Central Bank says
-Slippages at around Rs 2,000 Crore
-Core deposits grew by 32 percent YoY

Mahindra Lifespace Q1:
-Consolidated net profit at Rs 21.8 crore Versus Rs 19.3 crore (YoY)
-Cons income from operations at Rs 176 crore Versus Rs 121 crore (YoY)

SKF India Q1:
-Net profit at Rs 45.8 Crore Versus Rs 46.6 Crore (YoY)
-Net sales at Rs 560.2 Crore Versus Rs 576.7 Crore (YoY)