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HomeNewsBusinessStocksStocks in the news: Cipla, Hero Moto, GMR, Ratanmani Metals, McNally Bharat

Stocks in the news: Cipla, Hero Moto, GMR, Ratanmani Metals, McNally Bharat

Cipla | Coal India | Hero MotoCorp | TVS Motor | Ashok Leyland | GMR Infrastructure | Ratanmani Metals | Rajshree Sugars | Artsons Engineering and McNally Bharat are stocks, which are in the news today.

April 05, 2017 / 10:53 IST
Here are stocks that are in news today:Cipla

-Receives final approval for generic Epzicom tablets

-Product will cater to the US Market & will be commercially available shortly

Titan

-Company struggled for growth in H1 FY16-17 due to uncertain consumer sentiment

-Struggled for growth in H1 FY16-17 due to Pan Card limit, jewellery industry strike

-Gross margin of jewellery division is likely to be good this quarter

-Optimistic of topline growth in the high teens in the coming year

-Witnessed significant traction in H2 2016-17 despite demonetisation

-High GST rate for jewellery might have some effect on company's growth

March auto sales: Ashok Leyland

-Total sales up 12 percent at 18,682 units versus 16,702 units (YoY)

-Medium & heavy commercial vehicle sales up 15 percent at 15,258 units versus 13,240 units (YoY)

-Light commercial vehicle sales down 1 percent at 3,424 units versus 3,462 units (YoY)

Hero MotoCorp

-Total sales at 6.09 lakh units versus 6.06 lakh units (YoY)

-Achieves highest financial year sales, FY17 sales at 66.63 lakh versus 66.32 lakh units YoY

-Company fully prepared with sufficient BS-IV stock to meet market demand

TVS Motor

-Total sales up 10 percent at 2.56 lakh units versus 2.32 lakh units (YoY)

-2-wheeler sales up 10.7 percent at 2.51 lakh units versus 2.27 lakh units (YoY)

-3-wheeler sales down 8.7 percent at 5,362 units versus 5,874 units (YoY)

-Exports up 23.6 percent at 38,462 units versus 31,121 units (YoY)

-Dealers have confirmed that majority of BS-III stock sold by March 31

-Assessing one-time impact of SC order on financials

VST Tillers

-Total power tillers sales at 4,625 units, tractors at 1,398 units

Coal India

-March coal production at 66.07 million tonne versus target of 63.23 million tonne

-March coal offtake at 52.30 million tonne versus target of 58.30 million tonne

NTPC

-Commissions first wind turbine of 2 MW at Rojmal wind power project

-Unit 2 of 250 MW of subsidiary Bhartiya Rail Bijlee Company has been commissioned

-Commissioned capacity of NTPC & NTPC Group is now 43534 MW & 50750 MW respectively

Dr Reddy's Labs

-US FDA completes audit of company's API manufacturing plant at Srikakulam, Andhra Pradesh

-Company issued a Form 483 with 2 observations by the US FDA

NIIT Technologies

-Receives part payment of Rs 41.9 crore from a government company after settlement

-Settlement amount will result in revenue recognition of Rs 27.1 crore for FY17

Other stocks and sectors that are in news today:

-GMR Energy & TNB REMACO to setup JV in India for operation and maintenance of power plants

-Ratnamani Metals gets export order worth USD 23 million (Rs 150 crore) to be completed in 12 months

-Rajshree Sugars says company divested entire equity shareholding in wholly owned subsidiary, Trident Sugars

-Gufic Biosciences board approves amalgamation of Gufic Lifesciences with company

-Artson Engineering wins order worth Rs 12.5 crore from Tata Projects

-Rekha Jhunjhunwala sells 0.78 percent stake in McNally Bharat from March 30-April 3

-Reliance Capital to consider issue of non-convertible debentures (NCDs) on private placement on April 7

-Bajaj Hindusthan Sugar has not diverted funds earned via sugar business to other business

-Andhra government allots 202-acre land in Chittoor for solid propellant unit of Premier Explosives

-RBI gives license to Aditya Birla Idea payments bank to carry on business (Aditya Birla Nuvo has 51 percent stake in Aditya Birla Payments Bank)

-KEC International bags orders worth Rs 1,781 crore

-Container Corporation's ex date for 1:4 bonus; F&O lot size revised to 625

-Listing: Shankara Building Products & NR Agarwal

-Tata Teleservices - CARE downgrades rating from A to A- and A1 to A2+

-M&M left with inventory of approximately 18,000 BS-III vehicles

-SBI signed shareholder agreement & subscription agreement with IL&FS Africa Infra Development, African Development Bank and EXIM for infra projects in Africa

-Ujaas Energy gets order from RRECL for solar power plant in various schools & colleges in Rajasthan & from Madhya Pradesh Urja Vikas Nigam

-MEP Infra entered into MoU with CIDB Holdings for highways & expressway projects in India

-NMDC fixed price of lump ore at Rs 2425 per WMT and fines at Rs 2185 per WMT

-Nila Infra gets work order for construction of DK Patel Hall for Ahmedabad Municipal Corporation

-Sobha Q4 sales volume up 18 percent at 7.23 lakh versus 6.13 lakh square feet QoQ

-IL&FS Transportation commencement of commercial operation of Metro Link from Sikenderpur to Sector 56 in Gurgaon, Haryana

-Dilip Buildcon gets provisional completion certificates for 2 projects

-IndiGo (part of InterGlobe Aviation) adds 35 new flights this summer

-Tata Power in focus: Land losers w.r.t. 1000 MW Cuttack project set to protest

-UP sugar companies in focus: Government planning Rs 2,000 crore soft loan to sugar mills to clear dues

-MTNL mulls selling its surplus land to pare debt

-Edelweiss ARC recasts Arshiya's Rs 1,338 crore debt

-Reliance Capital looking to exit Prime Focus

-Indian Bank appoints Kishor Piraji Kharat as MD & CEO

-Trident seeks bids for 60 MW cogeneration unit, 10 MW solar power unit

-Eros International promoter creates pledge on 43.8 lakh shares (4.6 percent equity) from March 27-31

first published: Apr 5, 2017 08:25 am

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