Stocks in news: MMTC, RIL, NTPC, Tata Global, Wipro

Here are stocks that are in news today:

Results today: DB Realty

Explaining the power plant (DNA)
-Govt will allocate coal only to plants based on cost plus and case 1 bidding
-Cost plus means a project where tariff is based on fuel cost plus Govt-set profit percentage
-Case 1 is open bidding where developer decides fuel supply, technology and location of plant
-This is done because of severe coal shortage
-Those selling power on merchant basis will not be given benefit of cheap coal from Coal India

Houseviews
-Morgan Stanley downgrades M&M to Equal weight from Overweight, cuts target to Rs 682 from Rs 803
-Macquarie raises Dish TV price target by 17% to Rs 90; ups FY13 EPS estimates from Rs 0.55 to Rs 1.55
-HSBC downgrades Jet Airways to Neutral from Overweight, target cut to Rs 500 from Rs 580
-Goldman Sachs reiterates sell on Sun Pharma, ups target to Rs 327 from Rs 308
-Goldman Sachs reiterates sell on Cipla, cuts target to Rs 244 from Rs 253
-Nomura ups Sun Pharma target to Rs 513 from Rs 490

FM to investors
-Cannot accurately estimate fuel subsidy & impact
-More funds for fuel subsidy if required
-Funds for oil subsidy without impact on fiscal deficit
-Premature to pass judgement on divestment this fiscal
-Did not pursue divestment in FY11 due to 3G auction

HCC gets legal opinion from former chief justice VN Khare: Sources
VN Khare's Opinion
-Govt can grant Lavasa environmental nod for 2,000 Ha         
-MoEF need not wait for Bombay HC order

MoEF sources say
-Will now seek opinion of attorney general
-Bombay HC to hear Lavasa case on June 15
-HCC wants nod for 2,000 Ha of Lavasa land

Other stocks and sectors that are in news today:
-Hindustan Copper may shelve FPO as high copper prices lead to strong cash reserves with no current requirement to raise funds (FE)
-Power plants selling power on merchant basis in trouble as Govt decides to allocate coal to plants running on cost plus and case 1 ((Adani, Sterlite, Lanco impacted negatively while NTPC, Reliance Power & CESC benefit))
-Ex-dividend: Axis Bank (Rs 14/sh), Rallis India(Rs 11/sh), CMC (Rs 20/sh), TCS(Rs 8/sh)
-F&O Ban: Deccan Chronicle, Kingfisher Airlines, KS Oils
-Wipro Consumer care buys soap brands Aramusk & Molay from Mumbai based VVF for an undisclosed amount (ET)
-CESC joins the race to acquire overseas coal assets in Australia including Premier Coal (ET)
-Tata Global Beverages plans to sell 20% stake in its international operations to the strategic investor (ET)
-12 power companies including NTPC, Reliance Power & Lanco Infratech to receive coal for their newly commissioned power projects with combined capacity of 12,200 mw (ET)
-Texas Pacific Group Capital has acquired 15% stake in Shriram Properties the realty arm of diversified financial services firm Shriram group for Rs 450 crore (ET)
-Indian ADRs: MTNL up 4.5%
-RIL says rise in natural Gas output from D6 block may not be possible for the next 36 months