Here are stocks that are in news today:
Results today: Hero Honda, Kotak Mahindra Bank, Sesa Goa, Hindustan Zinc, KPIT Cummins, Mahindra Lifespace, DB Corp, Zee Entertainment, Biocon, Rallis India, Infoedge, Indiabulls Power, Indiabulls Financial Services, 3i infotech, Yes Bank, Concor, JSW Energy, Coromandel International, Noida Toll Bridge
Finance Ministry lowers GDP forecast for FY12
FM says
-FY12 GDP growth seen at 8.6%, economic survey projected FY12 GDP growth at 9%
-Could see cyclical slowing in 1st half of current fiscal
-GDP seen at 8.4% in first 2 quarters
-Growth expected to pick up in last 2 quarters
-Growth expected to be 8.8% in Q3 & Q4
Exide Industries Q1FY12E (cr - crore, vs - versus)
-Revenues up 8% at Rs 1244 cr vs Rs 1152 cr (Estimates Rs 1384 cr)
-Operating margins at 17.8% vs 22.8% (Estimates 19%)
-PAT down 1.2% at Rs 163 cr vs Rs 165.3 cr (Estimates Rs 180 cr)
MindTree Q1 QoQ
-Dollar revenues up 7.3% at USD 92.53 million vs USD 86.26 million (Poll at USD 90.8 million)
-Revenues up 5.6% at Rs 413.1 cr vs Rs 391.2 cr (Poll Rs 405 cr)
-EBITDA at Rs 46 cr vs Rs 44 cr
-EBITDA % at 11.1% vs 11.24% (Poll 10.3%)
-PAT up 7.8% at Rs 34.5 cr vs Rs 32.2 cr (Poll Rs 24 cr)
Polaris Q1 FY12 (QoQ)
-Dollar revenues up 4.1% at USD 100.65 million vs USD 96.67 million (Poll USD 101 million)
-Revenues up 2.9% at Rs 450.2 cr vs Rs 437.5 cr
-EBITDA at 63.5 cr cr vs Rs 52.7 cr
-EBITDA at 14.1% vs 12.04%
-PAT down 23% at Rs 44.5 cr vs Rs 57.58 cr (Poll Rs 39.5 cr)
Hinduja Foundaries Q1FY12
-Net Sales up 67% at Rs 185 cr vs Rs 111 cr
-Net loss at Rs 10 cr vs net profit at Rs 1.4 cr
-Other income at Rs 0.5 cr vs Rs 5 cr
Reliance Industrial Infra Ltd Q1FY12
-Income from operations up 33% at Rs 16 cr vs 12 cr
-PAT down 15% at Rs 5.5 cr vs Rs 6.5 cr
Crisil Q1FY12
-Net sales up 34% at Rs 203 cr vs Rs 151 cr
-PAT up 33% at Rs 44 cr vs Rs 33 cr
Other stocks and sectors that are in news today:
-F&O Ban: Aban Offshore, ABG Shipyard, GTL, Kingfisher airlines
-Apollo Hospitals to issue 66 lakh equity shares to QIB at Rs 495/share ((CMP: 493))
-CRISIL okays 10-for-1 stock split
-Reliance Capital in talks to sell another 23% stake in Life Insurance Company
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