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Last Updated : Jul 07, 2017 09:04 AM IST | Source: CNBC-TV18

Stocks in the news: SBI, Tata Motors, Bharti, GM Breweries, Unichem, Bharat Forge

SBI | Tata Motors | Bharti Airtel | Intellect Desgin Arena | Techno Electric | GM Breweries | GMR Infrastructure | Unichem Labs | Glenmark Pharma | Eros International | Bharat Forge | Balaji Amines | Motilal Oswal | Bannari Amman Spinning Mills | Jyoti Structures and JHS Svendgaard Laboratories are stocks, which are in the news today.

Here are stocks that are in news today:

GM Breweries Q1
-Net profit down 18.9 percent at Rs 10.2 crore versus Rs 12.6 crore (YoY)
-Revenue up 6.1 percent at Rs 94.5 crore versus Rs 89 crore (YoY)
-EBITDA down 22.2 percent at Rs 15.5 crore versus Rs 19.9 crore (YoY)

-EBITDA margin at 16.4 percent versus 22.3 percent (YoY)

Tata Motors
-Reduces prices in the range of 0.3 percent to 4.2 percent for commercial vehicles

-Reduces prices of passenger vehicles 0.6 percent to 8.2 percent

Intellect Design Arena
-Fixes July 18 as record data for rights issue
-Board approves 5 rights equity shares for every 22 held
-To offer up to 2.3 crore equity shares via rights issue

-Rights issue opens on July 26 & closes on August 9

Techno Electric
-Board approves amalgamation with Simran Wind project

-Simran Wind engaged in the business of power generation from wind turbines

InterGlobe Aviation - IndiGo concall on Air India
-India is the third largest aviation market in the world, still underserved
-Believe India is one of the largest untapped international markets
-Not looking at acquiring all of Air India's (AI) operations & subsidiaries
-Looking at Air India's international operations & Air India Express
-Possible to carve out AI's international operations, examples available globally
-IndiGo serves 7 international destinations, AI would give access to closed international markets
-AI can significantly contribute to IndiGo's international revenues
-Do not have the desire to take all of the burden of AI's debt

-If AI's international operations not carved out, will still explore investing in international operations

GMR Infrastructure says
-SC vacates HC order, directs company to implement 2nd tariff order dated December 8, 2015
Alert: DIAL had challenged AERA’s proposed reduction in airport charges before HC
-Appellate tribunal to decide tariff appeals filed by DIAL within two months
-Petition was filed against continuation of 1st tariff order

-Delhi HC had allowed 1st tariff order till disposal of appeals at tribunal

Other stocks and sectors that are in news today:
-Unichem Labs gets US FDA nod for Quetiapine Fumarate tablets
-Glenmark gets US FDA nod for Olmesartan Medoxomil tablets
-Eros International says SREI Equipment Finance acquires 7.4 percent stake in company via pledged shares on July 3
-Motilal Oswal seeks shareholder nod to raise up to Rs 1,000 crore
-Bharat Forge in focus - Kalyani Group and Israel Aerospace Industries (IAI) expands JV to build new maintenance centre in India for selected advanced air defense system
-Balaji Amines has received approval from Government of India for expansion project which includes Acetonitrile (ACN), Morpholine (MOR) & Di Methyl Amine Hydrochloride (DMAHCL) products
-Virinchi board approves allotment of 1,33,500 shares on exercise of options granted
-IDFC neither confirms nor denies story of merger
-Emkay board approves raising of funds via various means upto Rs 150 crore
-Bannari Amman Spinning Mills board approves investment in JV company i.e Young Brand Apparel Private Limited
-JHS Svendgaard Laboratories says conversion of warrants into equity shares to non promoters
-HPCL raises USD 500 million through fixed rate notes
-Bharti Airtel, Tata Communications in focus - Tata and Bharti Group on a call to explore joint front in telecom and D2h: ET
-IL&FS PE in talks with global PE funds brookfield, I Squared Cap and Macquarie to sell its majority stake: ET
-Reliance Communications in focus - NCLT may take up objection of GTL against Aircel: FE
-Regulators approve SBI Life’s IPO plan: Mint
-SBI New York sells loans of Jyoti Structures US unit: Mint-NBCC Incorporates Arm ‘NBCC International’ to carry out construction, real estate & project management consultancy business overseas

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First Published on Jul 7, 2017 08:09 am
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