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Last Updated : Sep 01, 2016 10:06 AM IST | Source: CNBC-TV18

Stocks in news: ACC, UltraTech, MCX, IOC, Jet, KEC, Tata Power

ACC | Ambuja Cement | India Cements | IOC | MCX | Ramco Cements | UltraTech Cement | Jaiprakash Associates | JK Cements | Tata Power | KEC International | Uniply Industries | C&C Constructions | Praj Industries | Esab India and Indo Rama Synthetics are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Sadbhav Infra Q1
-Consolidated net loss of Rs 89.5 crore versus Rs 88.3 crore loss (YoY)
-Consolidated total income down 33.3 percent at Rs 361 crore versus Rs 542 crore (YoY)
-Consolidated EBITDA down 75.1 percent at Rs 217 crore versus Rs 123 crore (YoY)
-Consolidated EBITDA margin at 60 percent versus 22.9 percent (YoY)
-Depreciation at Rs 50.9 crore versus Rs 24.5 crore (YoY)
-Expenses down 55.8 percent at Rs 195 crore versus Rs 442.6 crore (YoY)

Indo Rama Synthetics Q1
-Net loss of Rs 16.6 crore versus profit of Rs 5.9 crore (YoY)
-Total income up 0.7 percent at Rs 647.1 crore versus Rs 642.4 crore (YoY)
-EBITDA down 55.7 percent at Rs 23.4 crore versus Rs 52.8 crore (YoY)
-EBITDA margin at 3.6 percent versus 8.2 percent (YoY)
-Other income at Rs 17.3 crore versus Rs 3.3 crore (YoY)
-Forex loss of Rs 6.8 crore versus Rs 3.3 crore gain (YoY)
-Finance cost at Rs 20.1 crore versus Rs 10.6 crore (YoY)


-Net profit up 54.7 percent at Rs 32.8 crore versus Rs 21.2 crore (YoY)
-Total income up 12.1 percent at Rs 63 crore versus Rs 52.6 crore (YoY)
-EBITDA up 17.5 percent at Rs 22.2 crore versus Rs 18.9 crore (YoY)
-EBITDA margin at 35.2 percent versus 33.6 percent (YoY)
-Other income up 54 percent at Rs 30.8 crore versus Rs 20 crore (YoY)

Power Mech Q1
-Net profit up 4.4 percent at Rs 16.6 crore versus Rs 15.9 crore (YoY)
-Total income up 6.9 percent at Rs 322.3 crore versus Rs 301.6 crore (YoY)
-EBITDA up 7.3 percent at Rs 42.9 crore versus Rs 40 crore (YoY)
-EBITDA margin unchanged at 13.3 percent (YoY)

Hathway Q1
-Net loss of Rs 53.2 crore versus loss of Rs 37.4 crore (YoY)
-Total income up 16.8 percent at Rs 302.1 crore versus Rs 258.7 crore (YoY)
-EBITDA up 8.5 percent at Rs 44.6 crore versus Rs 41.1 crore (YoY)
-EBITDA margin at 14.8 percent versus 15.9 percent (YoY)

Kanoria Chemicals Q1
-Net profit up 10.5 percent at Rs 6.3 crore versus Rs 5.7 crore (YoY)
-Total income down 14.2 percent at Rs 76.9 crore versus Rs 89.6 crore (YoY)

-Hikes petrol price by Rs 3.38 per litre in Delhi
-Hikes diesel price by Rs 2.67 per litre in Delhi
-Cuts aviation turbine fuel price by Rs 1,795.5/kl in Delhi (JetAirways, SpiceJet, InterGlobe in focus)

KEC International
-Wins Rs 1,224 crore order in India, Thailand & Bangladesh
-Wins 2 orders worth Rs 589 crore from Karnataka Power Transmission Corporation
-Wins international orders worth Rs 216 crore
-Wins railways business orders worth Rs 248 crore
-Wins cables business orders worth Rs 171 crore

Competition Commission of India (CCI)
-Imposes penalty on 10 cement companies & their trade associations for cartelisation
-Imposes penalty of Rs 1,147.6 crore on ACC, Rs 1,163.9 crore on Ambuja Cement
-Imposes penalty of Rs 490 crore on Lafarge, Rs 274 crore on Century Cement
-Imposes penalty of Rs 187.5 crore on India Cements, Rs 128.5 crore on JK Cements
-Imposes penalty of Rs 258.6 crore on Ramco Cements
-Imposes penalty of Rs 1,175.5 crore on UltraTech Cement
-Imposes penalty of Rs 1,323.6 crore on Jaiprakash Associates, Rs 0.7 crore on CMA

GSK Pharma says
-Considering options for divestment of land at Thane
-Have not shortlisted any buyers or entered into pact for Thane land

Tata Power
-Javelin joint venture signs letter of intent with company
-Company & Javelin will co-develop & produce missile system

HCC says
-Company debt to reduce to half due to cabinet decision directing agencies to pay 75 percent of arbitral awards
-Company currently has arbitration awards of over Rs 3,200 crore

Zee Entertainment CEO Punit Goenka to CNBC-TV18
-Got a fair deal from Sony for sports business
-Non-compete agreement in sports business is for 4 years
-Not authorised to speak on the utilisation of cash
-Need Rs 800-900 crore cash annually for operations
-Keep exploring acquisition opportunities, nothing on cards at this point
-Talks of buying Reliance radio business is speculation
-Can't buy radio business due to foreign investment restrictions
-Huge growth potential in regional markets for investment

Other stocks and sectors that are in news today:
-Uniply Industries to acquire Vector Projects for Rs 64.12 crore
-Indiabulls Real Estate seeks shareholder nod to issue non-convertible debentures (NCDs) worth Rs 25 crore
-C&C Constructions bags project worth Rs 73.6 crore for Mohindergarh-Bhiwani transmission line
-Praj Industries closes subsidiary, Praj Sur America SRL in Argretina
-Religare redeems preference shares worth Rs 524 crore held by promoter group company
-Esab India announces voluntary separation scheme for staff at Taratala plant, Kolkata
-Nava Bharat Ventures to trade ex-bonus (1:1)
-Interactive Financial Services acquisition window from September 1 to 16
-Aditya Birla Fashion listing of 22.78 lakh shares resultant of arrangement between AB Fashion, Aditya Birla Nuvo and Madhura Garments
-Union Bank issued bonds worth Rs 1,000 crore with AA rating from India Rating & Research and AA from CARE
-Remsons India - ICRA downgrades long-term rating from BBB to BBB- and short term rating from A3+ to A3
-BHEL - India Ratings & Research downgrades long term rating from AAA to AA+
-Hinduja Ventures - Brickworks rating assigns short term rating of BWR A1
-RCI Industries board meeting on September 3 to consider issue of equity on preferential basis
-Symphony approved 1:1 bonus issue
-DLF approved NCDs worth Rs 2,500 crore
-Divis Labs clarifies that US FDA order is for Divis Pharma Private Limited (Hyderabad based) and not Divis Labs
-Ashima surrenders land to Ahmedabad Municipal Corporation
-CARE signs MoU to set up rating agency in Nepal
-OBC to raise bonds up to Rs 250 crore with option to retain oversubscription of up to Rs 750 crore
-Thyssenkrupp protests the merger of company with Tata Steel
-Hindustan Copper signs deal for mining operations with Chattisgarh Mineral Corporation
-Carlyle, Apax and Temasek in race to invest USD 150 million in KPIT Technologies: ToI
-Arvind looks out for investors to raise Rs 900 crore through sale of 15 percent stake in brands business: ToI

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First Published on Sep 1, 2016 08:01 am
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