Moneycontrol
Last Updated : Jan 19, 2018 10:13 AM IST | Source: CNBC-TV18

Stocks in the news: Airtel, HCL Tech, Kewal Kiran, Biocon, Torrent Pharma, Bhushan Steel

Tech Mahindra | Bharti Airtel | ITC | HDFC Bank | HCL Technologies | Kewal Kiran Clothing | Deepak Nitrite | Cyient | Swan Energy | Biocon | Torrent Pharma and Bhushan Steel are stocks, which are in the news today.


Here are stocks that are in news today:

Results Today

Reliance Industries, ITC, HDFC Bank, IDFC Bank, Kotak Mahindra Bank, HCL Technologies, Wipro

IL&FS Transportation

IL&FS Transportation Networks, part of the IL&FS Group said its board has given nod for issuance of masala bonds worth up to Rs 2,000 crore besides USD-denominated bonds of up to USD 500 million.

Cairn India

The authorities have also attached Cairn UK's shares, worth around Rs 9,000 crore, in its former Indian arm, senior advocate Harish Salve told the bench.

Star Cement

Star Cement's three promoters sold 3.34 percent stake in the firm for Rs 182 crore, through open market transactions.

Torrent Pharma

Drug firm Torrent Pharmaceuticals said it has acquired US-based generic pharmaceuticals and OTC firm Bio-Pharm Inc for an undisclosed amount. To date, Bio-Pharm Inc has 10 approved abbreviated new drug applications (ANDAs) and 10 ANDAs under review at the United States Food and Drug Administration (USFDA) for itself and it's partners, Torrent Pharmaceuticals said in a filing.

Zensar Technologies

Mid-sized software services firm Zensar Technologies reported 26 percent drop in its consolidated net profit at Rs 59.1 crore for the quarter ended December 2017.

Tech Mahindra

IT company Tech Mahindra announced it will acquire 17.5 percent stake in US-based telecom software development company Altiostar Networks for USD 15 million in a cash deal.

Tejas Networks Q3
-Consolidated net profit at Rs 30.1 crore versus Rs 11.6 crore (YoY)
-Consolidated revenue down 14 percent at Rs 230 crore versus Rs 267.3 crore (YoY)
-Consolidated EBITDA down 19.1 percent at Rs 50.7 crore versus Rs 62.7 crore (YoY)
-Consolidated EBITDA margin at 22.1 percent versus 23.5 percent (YoY)

Alert: Tejas Networks had reported an exceptional loss of Rs 30.5 crore in Q3FY17

HCL Technologies Q3
-Net profit up 0.3 percent at Rs 2,194 crore versus Rs 2,188 crore (QoQ)
-Rupee revenue up 3 percent at Rs 12,808 crore versus Rs 12,434 crore (QoQ)
-Dollar revenue up 3.1 percent at USD 1,988 million versus USD 1,928 million (QoQ)
-EBIT up 2.4 percent at Rs 2,510 crore versus Rs 2,450 crore (QoQ)
-EBIT margin at 19.6 percent versus 19.7 percent (QoQ)
HCL Tech Guidance
-FY18 constant currency revenue growth maintained in range of 10.5-12.5 percent
-FY18 EBIT margin range maintained at 19.5-20.5 percent

-FY18 constant currency growth in dollar terms maintained at 12.1-14.1 percent

Bharti Airtel Q3
-Consolidated net profit down 11.1 percent at Rs 305 crore versus Rs 343 crore (QoQ)
-Consolidated revenue down 6.7 percent at Rs 20,318 crore versus Rs 21,777 crore (QoQ)
-Consolidated EBITDA down 5.2 percent at Rs 7,587 crore versus Rs 8,004 crore (QoQ)

-Consolidated EBITDA margin at 37.3 percent versus 36.8 percent (QoQ)

Kewal Kiran Clothing Q3FY18 YoY
-EBITDA up 81.9 percent at Rs 15.74 crore versus Rs 8.65 crore

-OPM at 16.6 percent versus 9.1 percent

Jubilant Industries Q3FY18 YoY
-OPM at 4.5 percent versus 3.9 percent

-Loss at Rs 2.2 crore versus loss at Rs 5.5 crore

Deepak Nitrite Q3FY18 YoY
-Revenue up 31 percent at Rs 371 crore
-Margin at 14 percent versus 10.9 percent

-Fine chemicals revenue up 46 percent at Rs 122 crore

Cyient Q3
-Net profit down 20.6 percent at Rs 87.1 crore versus Rs 109.7 crore (QoQ)
-Rupee revenue up 1.9 percent at Rs 983.3 crore versus Rs 965.4 crore (QoQ)
-EBITDA up 0.4 percent at Rs 140.3 crore versus Rs 139.8 crore (QoQ)

-EBITDA margin at 14.27 percent versus 14.48 percent (QoQ)

Other stocks and sectors that are in news today:

Swan Energy approves raising of funds via QIP/ pvt placement to the tune of Rs 1,000 crore

Enforcement Directorate to sell Rs 4,000 crore Mallya shares in United Breweries: ET

Bhushan Power and Steel's liquidation value doubled to Rs 20,000 crore: ET

Biocon signs exclusive deal with Sandoz for Next-gen biosimilars

Tata Steel announces dual tranche bond offering of USD 1.3 billion
First Published on Jan 19, 2018 08:19 am
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