Here are stocks that are in news today:
Results today: Canara Bank, Indiabulls Housing Finance, Bajaj Corp, Hitachi Home, State Bank Of Mysore, Eveready Ind, Info Edge, Merck, Navin Fluorine, Tata Sponge Iron, Asian Granito, Automotive Stampings, Eimco Elecon, Ganesha Ecosphere, Ghcl, Greenply Industries, HOEC, Jk Paper, K.P.R. Mill, Kg Denim, Maharashtra Scooters, Nelco, Pincon Spirit, Rane Engine Valve, Shanthi Gears, Supreme Petrochem, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Transformers And Rectifiers
Axis Bank Q1 -Net profit down 21.7 percent at Rs 1,555 crore versus Rs 1987 crore (YoY)-NII up 11.4 percent at Rs 4,517 crore versus Rs 4056.2 crore (YoY)-Net interest margin at 3.79 percent versus 3.97 percent (QoQ)-Gross NPA at 2.54 percent versus 1.67 percent (QoQ)-Net NPA at 1.08 percent versus 0.7 percent (QoQ)-Gross NPA up 56.9 percent at Rs 9,553 crore versus Rs 6,088 crore (QoQ)-Net NPA up 59 percent at Rs 4,010 crore versus Rs 2,522 crore (QoQ)-Provisions at Rs 2,117 versus Rs 1168 crore (qoq); Rs 1,122 crore (YoY)-Fresh slippages at Rs 3,638 crore-Rs 2,680 crore slippages from watchlist-Rs 2,911 crore corporate slippages of total-CASA down to 43 percent versus 47.3 percent (QoQ)-Provision coverage ratio down to 69 percent from 72 percent (QoQ)-Restructured book at 2.14 percent versus 2.38 percent (QoQ)-No sale of assets to ARCs, 4 accounts under 5/25 scheme-Outstanding watchlist at Rs 20,295 crore
Persistent Systems Q1-Net profit up 9 percent at 73.28 crore versus 67.21 crore (YoY)-Net income up 40.2 percent at Rs 701.77 crore versus Rs 500.41 crore (YoY)-Dollar revenue up 33.3 percent at dollar 104.76 million-Services revenues at USD 75.27 million, IP-led revenues at USD 29.49 million-Attrition rate stands at 16.7 percent-North Americas accounted for 87 percent of revenues-Europe, India & Rest Of World accounted for 5.2 percent, 5.4 percent & 2.4 percent respectivelyPersistent says-Most of the growth was driven by the IBM alliance-Expect second half of the year to see stronger growth in IP-led revenues-Don't see any impact of Brexit as most revenues come from US market
Havells India Q1-Standalone net profit up 36.3 percent at Rs 145.58 crore versus Rs 106.83 crore (YoY)-Standalone total income up 17.1 percent at Rs 1,467 crore versus Rs 1,252.3 crore (YoY)-Standalone EBITDA up 26 percent at Rs 201.30 crore versus Rs 159.7 crore (YoY)-Standalone operating margin at 13.7 percent versus 12.8 percent (YoY)
Mphasis Q1-Consolidated net profit at Rs 204 crore versus Rs 667.7 crore (QoQ)-Consolidated rupee revenue down 75 percent at Rs 1,517 crore versus Rs 6,081 crore (QoQ)
Tata Metaliks Q1-Consolidated net profit at Rs 34.4 crore versus Rs 27.4 crore (YoY)-Consolidated total income at Rs 344.3 crore versus Rs 340.7 crore (YoY)
Hinduja Ventures Q1-Net profit up 1.3 percent at Rs 24.2 crore versus Rs 23.9 crore (YoY)-Total income at Rs 60.9 crore versus Rs 26.6 crore (YoY)-EBITDA up 70.4 percent at Rs 41.4 crore versus Rs 24.3 crore (YoY)-EBITDA margin at 68 percent versus 91.4 percent (YoY)
Thyrocare Q1-Consolidated net profit up 40.2 percent at Rs 16.4 crore versus Rs 11.7 crore (YoY)-Consolidated total income up 21.8 percent at Rs 69.4 crore versus Rs 57 crore (YoY)-Consolidated EBITDA up 34.5 percent at Rs 27.3 crore versus Rs 20.3 crore (YoY)-Consolidated EBITDA margin at 39.3 percent versus 35.6 percent
Rallis India Q1-Consolidated net profit at Rs 174 crore versus Rs 42.4 crore (YoY)-Consolidated total income up 7 percent at Rs 467.7 crore versus Rs 437.3 crore (YoY)-Consolidated EBITDA up 26.4 percent at Rs 75.2 crore versus Rs 59.5 crore (YoY)-Consolidated EBITDA margin at 16.1 percent versus 13.6 percent (YoY)-Consolidated exceptional gain at Rs 158.4 crore
Equitas Holdings Q1-Net profit up 63.6 percent at Rs 61.2 crore versus Rs 37.4 crore (YoY)-Calculated NII up 52.2 percent at Rs 226.6 crore versus Rs 148.9 crore (YoY)-Provisions & write offs at Rs 17.6 crore versus Rs 14.6 crore (QoQ); versus Rs 16.4 crore (YoY)
Sanofi India Q1-Net profit up 32.9 percent at Rs 85.3 crore versus Rs 64.2 crore (YoY)-Total income up 10.6 percent at Rs 608 crore versus Rs 549.7 crore (YoY)-EBITDA up 20.1 percent at Rs 146 crore versus Rs 121 crore (YoY)-EBITDA margin at 24 percent versus 22.1 percent (YoY)-Sanofi India declares interim dividend of Rs 18/share
KSB Pumps Q1-Net profit down 27.9 percent at Rs 16 crore versus Rs 22.2 crore (YoY)-Total income up 1.7 percent at Rs 203.6 crore versus Rs 200.1 crore (YoY)-EBITDA up 11.5 percent at Rs 24.3 crore versus Rs 21.8 crore (YoY)-EBITDA margin at 11.9 percent versus 10.9 percent (YoY)
Vedanta & Cairn India approve revised & final terms for mergerVedanta says-Each Cairn India minority shareholder to get 1 company share, 4 preference shares-Vedanta Plc stake in company to come down to 50.1 percent from 62.9 percent post merger-Cairn India minority shareholder to own 20.2 percent in merged entity-Company minority shareholders to own 29.7 percent in merged entity-Vedanta Plc to seek minority shareholder approval in September, 2016-JPMorgan Cazenove & Morgan Stanley financial advisors to Vedanta Plc for merger-Majority of minority shareholders voting required to vote in favour of deal-Preference shares will be given with a coupon of 7.5 percent & tenure of 18 months
LafargeHolcimTo sell its stake in Holcim Lanka to Siam City Cement for enterprise value of USD 400 millionLafargeHolcim says-Proceeds from Holcim Lanka sale will be used to reduce debt-Holcim Lanka transaction expected to complete by Q3CY16
Hinduja Ventures-Grant Investgrade (GIL) will demerge its Headend-In-The-Sky to Indusind Media & Communication (IMCL)-Approved 10 lakh 1 percent participatory redeemable non-cumulative shares of Rs 10 each in GIL to equity shares.-GIL to issue 6.34 lakh equity shares against conversion
Other stocks and sectors that are in news today:-Glenmark Pharma receives US FDA nod for Traimcinolone Acetonide ointment (had annual sales of USD 4.4 million till May 2016)-IL&FS Engineering gets Rs 532 crore order for Nagpur Metro Rail Project-Cipla says to deposit Rs 175 crore within 6 weeks as per SC order in drug overcharging case-Bosch seeks shareholder nod for buyback of shares of Rs 2,020 crore-Bharat Financial Inclusion gets shareholder nod to increase borrowing limit to Rs 12,500 crore-Government of India to infuse Rs 677 crore capital in Corporation Bank by way of preferential allotment-IOC in talks to buy GSPC's 50 percent stake in Mundra LNG terminal: PTI-L&T Infotech to be added to BSE IPO index-NSE Listing – Stampede Capital-MRF - ICRA upgrades NCDs from ICRA AA+ to ICRA AAA-Godawari Power & Ispat - CARE downgraded long term rating from CARE BBB+ to CARE D and short term rating from CARE A3+ to CARE D. Company failed to pay principal and interest on its NCDs aggregating to Rs 23 crore-Super Crop Safe - CRISIL renewed rating of CRISIL MSE2-West Coast Paper Mills - India Ratings & Research assigns long term rating of IND A and short term rating of IND A1-ONGC, IOC, HPCL, BPCL, GAIL, MRPL, Chennai Petroleum in focus - Government mulls merging of oil PSUs-Lenders planning a breather for Alok industries-Cyient to set up wholly owned subsidiary in Israel called Cyient Israel India-Vivimed Labs - Klar Sehen Private Limited (subsidiary) to sell certain products along with trademarks for Rs 73 crore-Hatsun Agro board meeting on August 6 to consider increasing borrowing limit from Rs 700 crore to Rs 1,200 crore-HUL plans to launch baby care products under dove brand: ET-Indiabulls Housing Finance ties up with UiDAI for e-verification-Upper Ganges & Oudh Sugar secured creditors approves scheme of arrangement-Cabinet Committee on Economic Affairs approves transfer of shares of ITI to Special National Investment Fund to meet SEBI's minimum public shareholding requirement-Precision Wires commences production of unit 5 at Silvassa-Gujarat Fluorochemicals to sell its stake in it's JV Xuancheng Hengyuan Chemical Technology, China-Religare Enterprises - Religare Global Asset Management (subsidiary) completely exits Northgate Capital LLC & LP w.e.f. July 22-Siel Financial board meeting on July 28 to consider redemption and payment of 7.3 lakh 5 percent redeemable cumulative preference shares of Rs 100 each to Mawana Sugars-Soma Textiles to shut down Ahmedabad unit on account of losses-Ponni Sugar receives consent from Tamil Nadu Pollution Control Board to operate cogeneration power plant with expanded capacity of 19MW-Andhra Bank - One day strike on July 29-Alpa Labs - Website hacked and compromised. Company changed website to alpalabs.in-Emami Infra - Amalgamation of Emami Realty & Emami Rainbow Niketan has been become effective from July 22-Informed Technologies to invest in Realtime Tracking Private Limited (to be incorporated)
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!