Here are stocks that are in news today:
Results today: Canara Bank, Rallis India, RBL Bank, Indiabulls Housing Finance, Adani Power, Sintex Industries, Atul, Forbes & Co, Hindustan Organic Chemicals, Jyothy Laboratories, Maral Overseas, Orient Paper & Industries, Rane Brake Lining, State Bank Of Bikaner and Jaipur, VST Industries, Rane Brake Lining
Axis Bank Q3-Net profit down 73.4 percent at Rs 579.6 crore versus Rs 2,175.3 crore (YoY)-NII up 4.1 percent at Rs 4,333.7 crore versus Rs 4,162 crore (YoY)-Gross NPA at 5.22 percent versus 4.17 percent (QoQ)-Gross NPA at Rs 20,467 crore versus Rs 16,378.7 crore (QoQ)-Net NPA at 2.18 percent versus 2.02 percent (QoQ)-Net NPA at Rs 8,295 crore versus Rs 7,761.2 crore (QoQ)-Provisions at Rs 3,796 crore versus Rs 3,622.7 crore (QoQ); Rs 713 crore (YoY)-Watchlist loans reduced to 2.8 percent versus 3.5 percent (QoQ)-Net interest margin at 3.43 percent versus 3.64 percent (QoQ)-Other income up 45.4 percent at Rs 3,400 crore versus Rs 2,338 crore (YoY)-Retail advances up 19 percent at Rs 1.49 lakh crore (YoY)-Provision coverage ratio at 64 percent versus 60 percent (QoQ)-Recoveries & upgrades at Rs 350 crore; wite-offs at Rs 122 crore-Restructured assets at Rs 609 crore versus Rs 672 crore (QoQ)-Total watchlist down 29.3 percent at Rs 11,091 crore versus Rs 15,689 crore (QoQ)-Advances up 10 percent at Rs 3.47 lakh crore as on December 31 (YoY)-Axis Bank says gross slippages declined by 48 percent (QoQ)-Slippages for Q3 at Rs 4,560 crore versus Rs 8,772 crore (QoQ)Axis Bank says-Demonetisation had its impact on deposits & balance sheet-Slippages have come off the peak, sharply lower QoQ-Retail franchise continues to be stable-70 percent of corporate slippages from watchlist portfolio-Reiterate credit cost guidance of 300 bps for the fiscal-FY17 will see the peak in terms of slippages and credit cost-Card spends grew 82 percent YoY in value terms
Mindtree Q3-Net profit up 8.8 percent at Rs 103.1 crore versus Rs 94.8 crore (QoQ)-Total income flat at Rs 1,295.3 crore (QoQ)-EBITDA up 7.3 percent at Rs 174 crore versus Rs 162.1 crore (QoQ)-EBITDA margin at 13.4 percent versus 12.5 percent (QoQ)-USD revenue at USD 192.2 million versus USD 193 million (QoQ)-Attrition rate at 16.1 percent versus 16.4 percent (QoQ)-Net additions at -120 versus 109 (QoQ)-Utilisation excluding trainees at 72.3 percent versus 73.1 percent (QoQ)-Utilisation including trainees at 71.3 percent versus 71.4 percent (QoQ)-New client additions at 21 versus 18 (QoQ)-Extends Krishna Kumar Natarajan's tenure as executive chairman till June 2020
Gallantt Ispat Q3-Net profit up 14 percent at Rs 9.3 crore versus Rs 8.2 crore (YoY)-Total income down 19.8 percent at Rs 114.6 crore versus Rs 142.8 crore (YoY)-EBITDA up 4.4 percent at Rs 14.4 crore versus Rs 13.6 crore (YoY)-EBITDA margin at 12.4 percent versus 9.5 percent (YoY)
Alembic Q3-Net profit at Rs 0.7 crore versus loss of Rs 3.9 crore (YoY)-Total income up 8.9 percent at Rs 30.6 crore versus Rs 28.1 crore (YoY)
Lloyds Metals & Energy Q3-Net profit at Rs 0.4 crore versus Rs 0.2 crore (YoY)-Total income at Rs 114.8 crore versus Rs 77.6 crore (YoY)
Motherson Sumi-To buy Finnish truck wire maker, PKC Group for USD 609 million-Acquisition of PKC Group to made via 100 percent subsidiary of the company-Transaction to acquire PKC Group expected to be completed by March-end-Motilal Oswal, Nordea Corp & Investment Banking financial advisors to Motherson Sumi-PKC deal-White & Case legal advisor to the Motherson Sumi-PKC deal
Cadila Healthcare-Forays into US' specialty pain market, acquires Sentynl Therapeutics-Transaction to acquire Sentynl Therapeutics to be EPS accretive
Future Consumer-Enters into a JV agreement with Tilda Hain India-Company & Tilda Hain India each, shall hold 50 percent stake in the JV
GMR Infrastructure-Delhi International Airport issues letter of award for retail development project to Bharti Realty-Delhi International Airport order to Bharti Realty upfront payment of Rs 315 crore
Orient Green Power-Approved entering exclusive discussions with IL&FS Wind Energy-Discussions with IL&FS Wind Power on merger of wind energy business of both companies-Both companies enter exclusivity period of 90 days
Competition Commission of India-Imposes penalty on 7 cement companies for bid rigging of a tender in 2012-Penalty of Rs 18.44 crore on Shree Cement, Rs 68.30 crore on UltraTech Cement-Penalty of Rs 38.02 crore on Jaiprakash Associates, Rs 9.26 crore on JK Cement-Penalty of Rs 29.84 crore on Ambuja Cement, Rs 35.32 crore on ACC-Penalty of Rs 6.55 crore on JK Lakshmi Cement-UltraTech Cement says will take appropriate action after examining CCI penalty order of Rs 68.3 crore
Other stocks and sectors that are in news today:-Idea Cellular postpones board meeting scheduled for January 23 to consider Q3 earnings-Airtel to raise Funds to build war chest via private placement: ToI-Bajaj Auto launches 2 new KTM Variants-Havells India to enter into electronic personal care category-Tata Steel: CARE downgrades by a notch citing UK issues-TVS Motor gets patent for cellphone ring detecting device-Government to infuse Rs 1,894 crore capital into SBI-Infosys released 8000-9000 employees in last one year due to automation-Sterlite Technologies, Kalpataru Power etc in focus: Railways to float Rs 8,000 crore worth tenders for tranmission-Patanjali comes to rescue, strikes deal with Ruchi Soya: BS-IT stocks in focus: Nasscom to meet US policy makers in the next few weeks: PTI-Apax Partners exits Cholamandalam Finance, sells 53.9 lakh shares (3.45 percent) via block deal: Sources (Apax Partners had sold part stake in Chola Finance in September 2016)
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