Time to reset economy

Get App

Time to reset economy

Last Updated : May 22, 2013 09:53 AM IST | Source: CNBC-TV18

Stocks in news: Shree Renuka, Ranbaxy, Tech Mah, Prestige

Ramco Systems | Shree Renuka | Ranbaxy Labs | Tech Mahindra | JSW Ispat Steel | Prestige Estates | Subex | JK Paper | Bharti Airtel | Oracle Financial Services | JSW Energy and Puravankara Projects are stocks, which are in the news today.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Here are stocks that are in news today:


Results Today: L&T, Thermax, Zee Entertainment, NCC, Redington India, Subros, T D Power Systems, Torrent Cables, Geojit BNP, Orient Refractories, Rane Madras


Service Tax Department sends show cause notice to Bharti Airtel: CNBC-TV18 exclusive sources say
-Notice alleges Rs 200 crore service tax evasion by Bharti Airtel
-Notice for claiming service tax credit on towers
-Notice says towers immovable property, no credit due
-Airtel says towers not immovable property
-Final order yet to be passed 


Offer for sale (OFS) today
Oracle Financial Services
-Sets floor price at Rs 2,275/share (CMP Rs 2,420.15)
-Seller Oracle Global Mauritius
-Proposes to sell 44.3 lakh shares in company
-MS India and Deutshe Equities are seller brokers
JSW Energy
-Sets floor price at Rs 61.50/share
-Promoter to sell 2.82 crore shares 


Omaxe OFS
-subscribed 0.7 times
-Gets bids for 34 lakh shares
-Total issue size was at 50 lakh shares


Styrolution ABS OFS
-Subscribed 2.3 times
-Gets bids for 51 lakh shares
-Total issue size was at 21.7 lakh shares


Puravankara Projects
-Institutional Placement Programme (IPP) issue opens, close tomorrow
-Floor price at Rs 80/share
-Price band for IPP issue at Rs 80-85/share


Just Dial IPO closes today
-Price band Rs 470-543/share, 10 percent discount to retail investor
-Subscribed - QIB 0.9 times, NII 0.01 times, Retail 0.7 times and Total 0.7 times


SREI Infra board
-Approves raising up to Rs 1,500 crore via debentures
-Approves preferential issue of up to Rs 500 crore


Heidelberg Cement
-Okays sale of Raigad Cement to JSW Group
-Selling Raigad unit as it is a low-margin asset
-Finalising terms of sale of Raigad unit


Zee Learn GDR issue fully subscribed 
-USD 20 million GDR for overseas investor closed for subscription yesterday
-GDR issue for 56.2 lakh GDR at USD 3.65/GDR
-Each GDR represent 10 equity shares of company


Tech Mahindra Q4 QoQ
-Consolidated net profit at Rs 377.2 cr Vs Rs 275.8 cr
-Consolidated income from operations at Rs 1,907 cr Vs Rs 1,791 cr
-Forex loss of Rs 37.3 cr Vs gain of Rs 12.1 cr
-Consolidated EBITDA at Rs 380 cr Vs Rs 376 cr
-Consolidated EBITDA margin at 19.9 percent Vs 21 percent
-Dollar Revenue up 7.2 percent at USD 353 million


Tech Mahindra says
-US is on the path of recovery
-Asia, Middle East and Africa performed in-line with expectations
-Expect Europe growth to be low & patchy
-Active client count stands at 151 Vs 130 (YoY)
-Expect Satyam merger judgment to come up in June second week


Dhampur Sugar Q4
-Consolidated net profit at Rs 16.6 Cr Vs Rs 22.2 Cr (YoY)
-Consolidated net sales at Rs 352.2 Cr Vs Rs 412.2 Cr (YoY)


JK Paper Q4
-Net profit at Rs 21 Cr Vs Rs 11.1 Cr (YoY)
-Net sales at Rs 383.3 Cr Vs Rs 357 Cr (YoY)


Subex Q4
-Consolidated net loss at Rs 1.6 Cr Vs profit of Rs 7.7 Cr (QoQ)
-Consolidated total income from operations at Rs 80 Cr Vs Rs 90.6 Cr (QoQ)


Prestige Estates Q4
-Net profit at Rs 89 Cr Vs Rs 38.3 Cr (YoY)
-Total income from operations at Rs 559.72 Cr Vs Rs 202.12 Cr (YoY)


JSW Ispat Steel Q3
-Net profit at Rs 94.2 Cr Vs loss of Rs 140 Cr (YoY)
-Net sales at Rs 2,621.3 Cr Vs Rs 2,721 Cr (YoY)


AstraZeneca Pharma Q4
-Net loss at Rs 18.6 Cr Vs loss of Rs 33 Cr (YoY)
-Net sales at Rs 94.8 Cr Vs Rs 91.7 Cr (YoY)

Other stocks and sectors that are in news today:
-Shree Renuka to raise USD 350 million via bond issue by Brazilian arm – ET
-After US, India to probe Ranbaxy documents, DGCI to examine past dossiers, drug applications – BS
-Ramco Systems to consider issue of equity shares on rights basis on May 30



Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on May 22, 2013 08:40 am
Sections
Follow us on