Stocks in news: Tata Motors, Maruti, Pipavav, ONGC

Tata Motors | Maruti Suzuki | Tree House | Zee Learn | Mahindra Satyam | Pipavav Shipyard and ONGC are stocks, which are in the news today.

September 16, 2011 / 09:20 IST

Here are stocks that are in news today:

Tata Motors
August JLR sales
-JLR Sales - Very strong sales for August especially since it tends to be a weak month seasonally
-Company was reporting flat sales for the last couple of months
-Growth is attributable to Chinese markets which continued to grow at 100% for JLR even in August 2011
-Volume growth in Land Rover was very strong, new Land Rover Evoque saw 1750 units.
-Volume growth ex- Evoque was 20% MoM
YoY
-Total sales up 31% at 21242 units
-Jaguar sales down 10% at 3409 units
-Land Rover sales up 43% at 17833 units
MoM
-Total sales up 11% at 21242 versus 19119 units
-Jaguar sales down 22% at 3409 versus 4372 units
-Land Rover sales up 21% at 17833 versus 14747 units

ONGC: Sources
-ONGC FPO postponed by about 15 days
-Price mismatch likely reason for FPO deferral
-Investors appetite seen at Rs 240-250/share
-ONGC, DoD wanted higher price of around Rs 280/sh
-Govt may take a fresh view on ONGC FPO post market feedback

Petrol price hiked by Rs 3.14/litre
-2nd petrol price hike in 4 months
-Hike in petrol prices due to weakening of rupee versus dollar

EGOM meet today to consider cap on subsidised LPG cylinders
-EGoM proposes to cap subsidised LPG cylinder @ 4/year
-Cylinders over & above 4 to cost Rs 750 each