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Stocks in news: Ceat, Indian Bank, PVR, Surya Roshni

Ceat | Indian Bank | Infinite Computer | PVR | Piramal Lifesciences | Network 18 | Surya Roshni | Fertilizers and Chemicals | Eveready Industries | Cipla and Jyothy Labs are stocks, which are in the news today

May 06, 2011 / 09:57 IST

Here are stocks that are in news today:

Results today: Piramal Healthcare, MTNL, NIIT, SKS Microfinance, KEC International,  Cadilla Healthcare, Tata Sponge, Union Bank, Central Bank, GlaxoSmithKline Pharma, Rolta India, Eicher Motors, Federal Bank,  GE Shipping, DCM Shriram Consolidated, Walchandnagar Industries

Commodity carnage
-Biggest single day fall in commodities in 3 years
-Dollar rises 2% against Euro, 1.5% against AUD
-CRB Index falls nearly 5%
-Crude slides over 10%, Brent at USD 111/barrel, WTI crude trading below USD 100/barrel
-Silver collapses over 14% to below USD 35, gold falls to USD 1487 an ounce

Cipla Q4 (cr - crore, vs - versus)
-Net profit at Rs 214 cr vs Rs 275 cr (YoY) ((Poll: 243 cr))
-Net sales at Rs 1,615 cr vs Rs 1,317 cr (YoY) ((Poll: 1528 cr))
-Other income at Rs 20.3 cr vs Rs 45.1 cr (YoY)

Jyothy Labs
-To buy 50.97% in Henkel India for Rs 119 crore at Rs 20/sh
-To refinance Henkel India's debt of Rs 454 crore
-To also buy Henkel AG's preferential shares in Henkel India
-To buy 68 million preference shares of Henkel India
-Henkel AG has option to buy up to 26% in co after 5 years

Phaneesh Murthy Says
-Not seeing robust returns from financial services
-Booked USD 9.7 million of acquisition cost this quarter
-Patni is 600 bps lower in gross margin & EBITDA
-Will close Patni deal next week
-Will announce management changes next week
-Have not decided on delisting Patni
-Do not want to operate 2 listed companies
-Focus on Patni buy, delay in project budgets caused dip in Q1 revenue

AERA Chairman says
-GVK seeks nod for Mumbai Airport Development fee
-Will take few weeks to decide on application

Eveready Industries Q4
-Net sales down 10% at Rs 204 cr vs Rs 227 cr
-Adjusted PAT at Rs 3.3 cr vs Rs 8.3 cr
-EBITDA down 57% at Rs 9.3 cr vs Rs 21 cr
-EBITDA margin at 4.6% vs 9.4%

Fertilizers and Chemicals Travancore Q4
-Net sales up 7.5% at Rs 685 cr vs Rs 637 cr
-Net loss Rs 10 cr vs net profit Rs 93 lakh
-EBITDA down 28% at Rs 31 cr vs Rs 43 cr
-EBITDA margin 4.5% vs 6.8% 
-General and Administrative expenses up 1.3 times at Rs 8 cr vs Rs 3.5 cr

Surya Roshni Q4 FY11
-Net sales up 47% at Rs 739 cr vs Rs 504 cr
-PAT up 40% at Rs 40 cr vs Rs 29 cr 
-EBITDA margin 11% vs 9.7%

Other stocks and sectors that are in news today:
-Muthoot Finance lists today
-Network 18 board meet today to consider issue of securities on preferential basis to the promoters
-Piramal Lifesciences board meet today to consider a proposal for demerger of the new chemical entity research unit of the co in Piramal healthcare
-PVR approves sale of 2 crore shares of CR Retail Malls, a wholly owned subsidiary of the Company to Companies belonging to JM Financials Group for Rs 100 crore
-Infinite Computer Solutions buyback of 14 lakh shares at maximum Rs 230/share commences from today
-IndianBank gets Govt nod for FPO of 6.14 crore shares
-Jindal Power has deferred its plan to raise Rs 7200 crore through an IPO on the back of weak market sentiment & rise in cost of capital & raw materials (ET)
-Ceat to raise its tyre prices by 3-5% from this month end to offset the surging rubber prices for the second time this year (FE)
-CBI informs Supreme Court that probe against ADAG, Tata not over as of yet (TOI)

first published: May 6, 2011 08:17 am

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