Moneycontrol
Last Updated : Aug 04, 2017 08:58 AM IST | Source: CNBC-TV18

Stocks in the news: Infosys, Wipro, Bharti, Biocon, Lupin, M&M, HPCL, Dredging Corp

Infosys | Wipro | Bharti Airtel | Biocon | M&M | Tata Chemicals | Piramal Enterprises | IOC | Mercator | Dredging Corporation | Infibeam | HDIL | HPCL | Ramco Cements | Tata Communications | Majesco | Kokuyo Camlin | CEAT | PNB Housing Finance and Ujjivan Financial are stocks, which are in the news today.


Here are stocks that are in news today:

Results today: M&M, Dabur India, Arvind, HPCL, Chennai Petroleum, Aban Offshore, ABC Bearings, Andhra Bank, Apollo Tyres, Atlas Cycles, Berger Paints, Fortis Healthcare, GNFC, GSFC, Indian Hotels, Mangalam Drugs, Monsanto India, Repco Home, STI India and TTK Healthcare

Cognizant Q2
-Revenue at USD 3.67 billion versus USD 3.55 billion (QoQ)
-Net profit at USD 470 million versus USD 557 million (QoQ)
Alert: Cognizant revises lower range of FY17 revenue guidance higher
Cognizant says
-See Q3 revenue at USD 3.73-3.78 billion

-See FY17 revenue at USD 14.7-14.84 billion

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Ujjivan Financial Q1
-Consolidated net loss at Rs 75 crore versus profit of Rs 19.3 crore (QoQ)
-Consolidated income at Rs 323.4 crore versus Rs 314.5 crore (QoQ)
-Gross NPA at 6.16 percent versus 0.28 percent (QoQ)

-Net NPA at 2.3 percent versus 0.03 percent (QoQ)

Bombay Burmah Q1
-Net loss at Rs 1.7 crore versus loss of Rs 3.7 crore (YoY)
-Revenue down 16 percent at Rs 54.1 crore versus Rs 64.4 crore (YoY)

-EBITDA at Rs 3.8 crore versus EBITDA loss of Rs 1.8 crore (YoY)

JK Lakshmi Cement Q1
-Net profit at Rs 28.3 crore versus Rs 28.6 crore (YoY)
-Revenue up 15.1 percent at Rs 1003.2 crore versus Rs 871.8 crore (YoY)
-EBITDA up 2.4 percent at Rs 120.4 crore versus Rs 117.5 crore (YoY)

-EBITDA margin at 13.36 percent versus 15.12 percent (YoY)

Ramco Systems Q1
-Net loss at Rs 3 crore versus profit of Rs 8.8 crore (YoY)

-Revenue at Rs 110.3 crore versus Rs 109.7 crore (YoY)

PNB Housing Finance Q1
-NII up 64 percent at Rs 343.6 crore versus Rs 209.2 crore (YoY)
-Net profit up 93 percent at Rs 184.8 crore versus Rs 95.9 crore (YoY)
-Gross NPAs at 0.43 percent versus 0.27 percent (YoY)

-Net NPA at 0.33 percent versus 0.19 percent (YoY)

Enkei Wheels Q1
-Net profit down 37.4 percent at Rs 2.34 crore versus Rs 3.74 crore (YoY)
-Revenue up 12.8 percent at Rs 124.6 crore versus Rs 110.5 crore (YoY)
-EBITDA up 86.3 percent at Rs 11.05 crore versus Rs 5.93 crore (YoY)

-EBITDA margin at 9.97 percent versus 6.06 percent (YoY)

Jindal Saw Q1
-Net profit down 2.6 percent at Rs 64.04 crore versus Rs 65.78 crore (YoY)
-Revenue up 9.7 percent at Rs 1,455.6 crore versus Rs 1,327.1 crore (YoY)
-EBITDA down 31 percent at Rs 169.5 crore versus Rs 245.5 crore (YoY)

-EBITDA margin at 12.1 percent versus 19.2 percent (YoY)

Kokuyo Camlin Q1
-Net loss at Rs 1.25 crore versus profit of Rs 4.7 crore (YoY)
-Revenue down 12.6 percent at Rs 170.5 crore versus Rs 195.1 crore (YoY)
-EBITDA down 86.3 percent at Rs 1.54 crore versus Rs 11.2 crore (YoY)

-EBITDA margin at 0.95 percent versus 6.01 percent (YoY)

ESAB Q1
-Net profit at Rs 9.1 crore versus Rs 9.2 crore (YoY)

-Revenue at Rs 136.7 crore versus Rs 125.7 crore (YoY)

NRB Industrial Bearings Q1
-Net loss of Rs 4.6 crore versus loss of Rs 4.7 crore (YoY)

-Revenue at Rs 9.5 crore versus Rs 9.6 crore (YoY)

Majesco Q1
-Consolidated revenue down 14.2 percent at USD 27.9 million versus USD 32.6 million (QoQ)
-Consolidated gross profit down 19.6 percent at USD 11.9 million versus USD 14.8 million (QoQ)
-Consolidated R&D expenses down 13.3 percent at USD 3.9 million versus USD 4.5 million (QoQ)
-Consolidated SG&A expenses down 3.7 percent at USD 10.3 million versus USD 10.7 million (QoQ)
-Consolidated adjusted EBITDA loss at USD 0.4 million versus USD 1 million (QoQ)
-Consolidated net loss at USD 1.7 million versus loss of USD 0.6 million (QoQ)
-Cash & cash equivalents at USD 10.3 million versus USD 14.9 million (QoQ)
-Total debt as on June 30 at USD 17.7 million
-Cloud business revenue up 23 percent at USD 7.4 million versus USD 6 million (QoQ)
-Annualized recurring cloud business revenue up 56 percent at USD 10.2 million versus USD 6.4 million (QoQ)
-Have signed 10-year subscription deal with IBM to support insurance clients
-Potential subscription value of deal pegged at USD 35 million
-12-month order backlog up 21 percent at USD 77.2 million (QoQ)

-Q1 margin negatively impacted due to ramp up cost to support expected revenue growth in coming quarter

CEAT Q1
-Consolidated net profit at Rs 1.4 crore versus Rs 103.3 crore (YoY)
-Consolidated revenue at Rs 1,628.6 crore versus Rs 1,646.2 crore (YoY)
-Consolidated EBITDA down 83.5 percent at Rs 27.6 crore versus Rs 167.1 crore (YoY)

-Consolidated EBITDA margin at 1.9 percent versus 11.4 percent (YoY)

Teva Q2
-Revenue up 13 percent at USD 5.68 billion versus USD 5.04 billion (YoY)
-GAAP net loss at USD 6 billion versus profit of USD 188 million (YoY)
-GAAP operating loss at USD 5.7 billion versus operating income of USD 0.4 billion (YoY)

-Teva says decrease in margin due to addition of low-margin ANDA distribution business

US FDA issues Form 483 with 10 observations to Biocon's Bangalore plant
-Probe into unexplained discrepancy did not extend to other batches of drug
-Probe into unexplained discrepancy did not extend to other associated drugs
-Inadequate probe into visible particulates found in an injectible product
-Inadequate validation of sterilisation process to prevent microbiological contamination of drugs
-No documentation of shutdown periods when vials, personnel leave aseptic areas
-Aseptic processing area deficient regarding system to monitor environmental conditions
-Procedures to prevent microbiological contamination not written, followed
-Lab records don’t include complete data from all tests to assure compliance with standards
-Procedures for cleaning, maintenance of equipment deficient in details
-Quality control unit lacks responsibility, authority to approve/reject components, drug products
-Employees engaged in manufacturing, processing drugs lack training, experience
-Lab controls lack tests to assure drug conform to standards for strength, quality, purity

-Procedures on controls used for issuance of labelling not followed

Wipro CEO Abidali Neemuchwala to CNBC-TV18
-Acquisition ecosystem involves multiple stakeholders
-Looking at both small start-up type companies & large ones for acquisition
-Wipro's Venture Capital Fund has made 12 strategic investments
-Getting in start-ups becomes a part of the innovation ecosystem
-Have alliances will large tech companies to participate in our innovation centres
-Able to take relevant innovation to our customers
-Holding on to the USD 15 billion target by 2020
-See headroom for margins to improve
-Acquisitions come with intangible amortisation that takes margins down

-Confident of achieving a 20 percent plus margin target soon

Bharti Airtel, Tata Communications
-Bharti calls of alliance talks with Tata

-Tata explores all options

63 Moons Tech says
-Will take appropriate steps with advice of counsel in insider trading case

-Will first inform stock exchanges on any price sensitive information on company

Other stocks and sectors that are in news today:
-IND-Ra downgrades bonds and bank facilities of the SAIL
-Tata Chemicals signs business transfer agreement with Unnati Inorganics to acquire precipitated Silica operations on a slump sale basis for Rs 34 crore
-Shree Pushkar Chemicals commences commercial production of its 750 MTA H-Acid
-Piramal Enterprises in focus - Piramal Realty invests in Mumbai project: Mint
-JSW Steel opens to JFE investment: Bloomberg
-Mercator likely to acquire Dredging Corporation: Mint
-JSW Steel, Piramal Enterprises eye joint bid for stressed assets: BS
-SBI led banks order forensic audit of Videocon’s accounts: ET
-Syngene bets on its new research facility to ramp up biologics play
-LTS investment fund sold 3.63 lakh shares in Infibeam for Rs 51 crore
-Oberoi Realty shelves plans to float mall JV: BS
-Government raises Rs 327 crore from divesting of 5.5 percent stake in Hindustan Copper
-HDIL says NCLT admitted an IBC application from Union Bank Of India For subsidiary
-Ramco Cements to add 3MT with Rs 1,100 crore investments
-JP Morgan Mauritius and Copthall Investment sold 1.7 percent stake in Narayana Hrudyalaya for Rs 100 crore
-SBI to raise Rs 2,000 crore via Basel III bonds-Infosys to acquire digital innovation & customer experience studio, Brilliant Basics
First Published on Aug 4, 2017 08:24 am
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