Here are stocks that are in news today:
Results Today: Reliance Industries, Cairn, Mastek, Merck, Honeywell Automation, FAG Bearings and State Bank of Bikaner
Hexa tradex to list today
Its Jindal Saw’s demerged investment arm
Edel note - Based on comparables of the Jindal Group and non-Jindal Group traded investment holding companies, we estimate HEXA’s fair value at INR162-175/share.
This implies 60% discount to the net investment value.
SML Isuzu (earlier known as Swaraj Mazda)
Actis, CDC Financial sells 11% stake via block deal at Rs 410/sh
Reliance Life, Axis MF, Antique Broking amongst buyers
CNBC-TV18 Exclusive - Sources Say Minutes of CIL board meet held on April 16 approved
CIL to start signing FSAs today with power cos
CIL was to sign FSAs with power cos by April 20
CIL seeks further clarity on power projects b/w 2012-15
CIL wants clarity on projects to be commissioned in next 3 years
MRPL
Shuts down refinery completely due to water shortage
MD Says
Had been operating plant at 1/3rd capacity since April 13
Continuing water shortage forced co to totally shut down
Sources Say
PM, FM, Commerce Min, Ajit Singh met separately to discuss FDI
Government to bring FDI in aviation to the cabinet in May-end
Escorts - CNBC-TV18 Exclusive: Sources Say
Escorts promoters shores up stake fearing takeover threat
Promoters acquired 5% stake in last 2-3 weeks
Promoters bought nearly 4% from Reliance MF on Wednesday
Promoter held 27.67% as on Dec-end
Institutions held 34.6% as on Dec-end
Other stocks and sectors in the news
Essar Shipping receives drilling contracts for two Land Rigs for $25m
Ind-Swift Labs allots 13.15 lakh shares to promoter group co on conversion of warrants at Rs 82.5/sh
LIC increases stake in
Syndicate Bank by 4.70% (purchase via open mkt + pref allotment), total stake now at 14.52%
Power Grid selected as successful bidder for transmission system order, comprising 765 kV D/C is to traverse the state of Andhra Pradesh
SCI extends contract of 2 multi specialty vehicles of Dolphin Offshore by 1 year, deal value Rs 57.5 cr
Bank of Maharashtra cuts base rate by 10 bps to 10.50% w.e.f May 1
PNB reduces base rate by 25 bps to 14% from 14.25%, wef May 1
Hindalco plans to raise Rs 3000 cr via 10 year bonds at 9.55%, Stan Chart & HDFC Bank are arrangers to the deal - ET
CLB asks
Ankur Drugs to repay depositors with interest by month end or face prosecution - ET
CAG says CIDCO extended undue benefits worth Rs 464 Cr to
L&T on development of integrated complex at Seawoods railway Stn- BS
Hind Zinc Q4 - Q4FY12 vs Q4FY11 (y-o-y): Sales down 3% at Rs. 3,093.50cr vs Rs.3197.02cr ((poll at Rs.3060cr))
EBITDA down 16% at Rs.1617.6cr at vs Rs.1923cr ((poll at Rs.1596cr))
EBITDA margins 52.3% at vs 60.1% ((poll at 52.2%))
Power and Fuel up 13% at Rs. 322.5cr vs Rs.284.8cr
Mining Royalty down 9% at Rs. 229.10cr vs Rs.250.97cr
PAT down 20% at Rs.1412.8cr vs Rs.1771.27cr ((poll at Rs.1,434cr))
Other Income up 23% at Rs.381.1cr vs 308.6cr
To Pay 0.90/sh Final Dividend
Ambuja Cements Q1 -Q1CY12 vs Q1CY11(y-o-y): Net Sales up 19% at Rs.2633.3cr vs Rs.2212.5cr ((poll at Rs.2795cr))
EBITDA up 21% at Rs.744.5cr vs Rs.617.1cr ((poll at Rs.701cr))
EBITDA margins at 28.3% vs 27.9% ((poll at 25.1%)
Power and Fuel up 30% at Rs.626.9cr vs Rs.481.6cr
Freight and forwarding up 18% at Rs.601.7cr vs Rs.508.5cr
PAT down 23% at Rs.312.22cr vs Rs.407.5cr ((poll at Rs.451cr))
Other Income up 67% at Rs.87.1cr vs Rs.52.09cr
One-time Depreciation of Rs 289 Cr
