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Last Updated : Jan 09, 2017 11:01 AM IST | Source: CNBC-TV18

Stocks in news: Aurobindo, NALCO, Dabur, Manaksia, BEML, Sobha

Tata Steel | ITC | Aurobindo Pharma | NALCO | Dabur | Burnpur Cement | Manaksia Industries | KEI Industries | Brigade Enterprises | S H Kelkar | VST Tillers | Granules | Sobha | BEML and Pokarna are stocks, which are in the news today.

Here are stocks that are in news today:

Aurobindo Pharma
-European unit to acquire Generis Farmaceutica SA in Portugal
-Total consideration for the acquisition at euro 135 million
-Deal will allows help establish company as top generics player in Portuguese market
-Expect a seamless integration of Generis with the rest of the company
-Gets USFDA approval for Levetiracetam

Manaksia Industries Q3
-Consolidated net profit at Rs 11.4 crore versus Rs 0.5 crore (YoY)
-Consolidated total income up 28.7 percent at Rs 29.6 crore versus Rs 23 crore (YoY)
-EBITDA at Rs 14 crore versus Rs 2 crore (YoY)
-EBITDA margin at 47.3 percent versus 8.7 percent (YoY)


Burnpur Cement
-Account with lenders has become irregular due to non-payment of dues
-Cash flow mismatch in company due to demonetisation, depressed market
-In discussion with lenders & lead bank is positive on suitable restructuring

Punjab Alkalies
-IDBI Bank acquires 47 lakh shares on conversion of loan into equity under corporate debt restructuring
-IDBI Bank's holding in company now stands at 17.35 percent

Foods & Inn
-Acquired 12,000 shares of pharma company Pharmpak for Rs 17.1 crore
-Pharmpak is now 100 percent subsidiary of company

Granules India
-INFARMED Portugal inspected Gagillapur plant with 11 observations
-Gagillapur manufactures pharmaceutical formulation intermediates & finished dosage
-Initiated necessary steps to address observations, will submit response
-To request INFARMED to re-inspect Gagillapur facility at the earliest

Dhampur Sugar
-No incriminating documents indicating illegal activity found in I-T searches
-Deny reports relating to illegal money conversion by some jewellers

Other stocks and sectors that are in news today:
-Unichem Labs gets US FDA nod for Amlodipine Besylate tablets (used to treat chest pain)
-Jaiprakash Power seeks shareholder nod to convert part of outstanding loans of lenders in equity
-Sterling Tools says ex-date for 1:5 stock split
-KDDL - CRISIL assigns long term rating of BBB- and A3
-South India Paper - ICRA upgrades long term rating to A-
-Pratibha Industries board meeting on January 11 to consider issue of shares to lenders under strategic debt restructuring
-Vijaya Bank says MCLR (marginal cost of funds based lending rate) fixed starting from 8.45 percent to 8.75 percent
-IOB sets overnight MCLR at 8.45 percent, 1-month at 8.5 percent, 1-year at 8.65 percent
-Karur Vysya Bank says MCLR fixed starting from 9.2 percent to 9.6 percent
-Manaksia Industries to acquire 100 percent stake in Jiwanjyoti Vanijya and Glitter Agencies
-KEI Industries says new production line operational at Chopanki plant
-Bafna Pharma approved 80 lakh warrants to promoter and non promoter
-Pincon Spirits approved issue of FCCB (foreign currency convertible bond) up to USD 30 million
-RBI fines Lakshmi Vilas Bank Rs 3 crore for violating norms
-Tata Steel inaugurates cold rolling mill complex BARA Phase II
-Brigade Enterprises inaugurated luxury apartment project Brigade Pinnacle, Mangaluru
-Sadbhav Infrastructure board meeting on January 11 to consider issue of non-convertible debentures (NCDs) up to Rs 50 crore
-Apcotex Industries says workmen at Taloja plant have given strike notice effective January 9
-S H Kelkar acquired business undertaking of Gujarat Flavours
-VST Tillers says December power tiller sales at 1,407 units, tractors at 611 units
-Mirc Electronic allotted 1.55 crore shares to Bennett Coleman for Rs 14.66 per share
-Celebrity Fashions approved issue of 35 lakh shares and 65 lakh warrants to promoters
-GE Shipping says Greatship India approved acquisition of Singapore subsidiary
-RCF issued commercial papers worth Rs 75 crore to HDFC Bank
-Sobha Q3 sales at 6.13 lakh square feet versus 8.06 lakh square feet (YoY)
-BEML asys government to divest 26 percent stake out of its 54.03 percent
-Pokarna partners with IKEA India to serve as its exclusive quartz surfaces supply and installation
-Bombay Dyeing appoints PWC, KPMG, EY to restructure its retail textile business
-Srei Infra planning to divest 35 percent in Sahaj e-village
-NALCO plans to raise production to 73,00,000 tonnes from 60,00,000
-ITC starts construction of 5-star hotel in Ahemdabad
-SpiceJet opposes airlines move to review on time performance
-Dabur's investment arm picks up 20 percent stake in real estate PE firm Cerestra
-Vora Constructions board meet on January 14 to review business & consider enhancement of NBFC business
-Government allows private sector banks to manage EPFO collections

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First Published on Jan 9, 2017 08:00 am
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