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Stocks in news: Unitech, IOC, Tata Power, Tata Motors, Hero

Elder Pharma | Sadbhav Engineering | Unitech | Oil India | IOC | Tata Power | Jet Airways | Tata Motors | Hero MotoCorp and Ashok Leyland are stocks, which are in the news today.

July 02, 2013 / 10:12 IST
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Here are stocks that are in news today:

Jet-Ethihad deal had prime minister's office (PMO) reservations, PMO wanted deal to be taken to cabinet: TOI
Jet-Etihad deal:
-Cabinet secretary meeting today after PMO directions
-Concerns on security raised by BJP’s Jaswant Singh and Subramanian Swamy
-PMO has asked Finance & Commerce ministeries to also clarify matters

June auto sales
Tata Motors
(M-o-M)
-Total sales at 52,708 units versus 49,304 units
-Passenger vehicle sales at 11,804 units versus 11,134 units
-Light commercial vehicle (LCV) sales at 25,778 units versus 24,173 units
-Exports at 3,996 units versus 3,874 units
-M&HCV sales at 11,130 units versus 10,123 units
-Total domestic sales at 48,712 units versus 45,430 units
-Commercial vehicle (CV) sales at 36,908 units versus 34,296 units

Ashok Leyland- very disappointing sales
Y-o-Y
-Total sales down 31.3 percent at 6967 versus 10146 units
-Commercial vehicle sales (ex-LCV Dost) down 36.5 percent at 4714 versus 7421 units
-LCV Dost sales down 17.3 percent at 2253 versus 2725 units
M-o-M
-Total sales down 4 percent at 6967 versus 7267 units
-CV sales (Ex-LCV Dost) down 4.4 percent at 4714 versus 4932 units
-LCV dost down 3.5 percent at 2253 versus 2335 units 

Hero MotoCorpY-o-Y
-Total sales down 6 percent at 5.02 lakh units versus 5.34 lakh
M-o-M
-Total sales down 10 percent at 5.02 lakh versus 5.57 lakh units

IOC
-Hikes retail diesel price by Rs 0.50/litre (excluding value added tax)
-Revenue loss on diesel sales at Rs 8.10/litre

Oil India says
-To drill first well in KG on-land block in August
-Plan to drill 12 wells in KG on-land block
-Plan to fund 80-90 percent of Mozambique block buy via debt

Banking secretary to CNBC-TV18
-Hope Bank licenses will be given by March 31, 2014
-Bank license applicants' quality to determine number of licenses
-No risk will be taken during diligence
-No concerns on exposure of applicants to real estate
-No concerns on exposure of applicants to stock broking

Ex-Dividend
-Godrej Properties – Rs 4/share
-Sundaram Finance – Rs 4.5/share
-Tata Sponge - Rs 8/share

Other stocks and sectors that are in news today:
-Unitech in talks to sell Gurgaon IT SEZ to PEs; likely value Rs 1800 crore – BS
-Sadbhav Engineering board to meet July 4th to mull fund raising, via preferential allotment to promoters rights issue
-Elder Pharma UK subsidiary acquires Max Healthcare, move to allow co to re-enter the OTC pharma category
-Moody's changes Tata Power's ratings outlook to negative from stable
-Listing of Future Ventures, Pantaloon Fashion expected this week

Department of Telecommunication (DoT) sources say
-Telecom Commission meet today
-To consider telecom FDI hike proposal
-May clear National Telecom Security Policy

RBI gets 26 applications for new bank licenses
Applicants for the License
-Tata Sons, Aditya Birla Nuvo, Reliance Capital, Bajaj Finserv
-Indiabulls Housing, Shriram Capital, L&T Finance
-Ruia Group from Kolkata applies under Suryamani Finance
-Videocon applies in name of Value Industries
-NBFCs like IDFC, Magma Fincorp and Muthoot Finance
-NBFCs like Religare Enterprises & SREI Infrastructure Finance
-MFIs Bandhan Financial Services and Janalakshmi Financial
-Brokerages like JM Financial, Edelweiss and India Infoline
-PSUs Department of Posts, TFCI, IFCI and LIC Housing
-INMACS Management Services, UAE Exchange & Financial & Smart Global Ventures

first published: Jul 2, 2013 08:26 am

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