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Last Updated : Jun 01, 2016 08:41 AM IST | Source: CNBC-TV18

Stocks in news: Axis, ONGC, IOC, Glenmark, GSPL, GMR, NTPC, BoI

Axis Bank | Maruti Suzuki | ONGC | Vakrangee | IOC | Glenmark Pharma | Simplex Projects | Gujarat State Petronet | GMR Infrastructure | Nucleus Software | Winsome Diamonds | NTPC and Bank of India are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Glenmark Pharma
-Board approves raising up to USD 200 million via FCCB (foreign currency convertible bond) issue
-FCCBs to be listed on Singapore Stock Exchange
-Floor price for conversion of FCCB at Rs 861.84/share

Oil marketing companies (IOC, HPCL, BPCL in focus)
-Petrol price hiked by Rs 2.6/litre
-Diesle price hiked by Rs 2.3/litre


Simplex Projects Q4 (YoY)
-Total income at Rs 139 crore versus Rs 104 crore
-EBITDA loss at Rs 5.5 crore versus loss of Rs 1.1 crore
-Net loss at Rs 33.5 crore versus Rs 16.6 crore

Gujarat State Petronet/ONGC
-Eyeing to sell majority stake in KG basin to ONGC: BS
-GSPC Will be able to party pay off Rs 19,576 crore worth debt

Manali Petrochem
-Looking to go global by setting up 5 application centers: BS
-Plans to invest Rs 150 crore

GMR Infrastructure
-GMR's plan to sell airports stake fails to take off: FE
-Deal stuck on lower valuation
-Looking to raise USD 500-700 million via partial stake sale

Other stocks and sectors that are in news today:
-RBI says FII investment limit in Axis Bank raised to 62 percent from 49 percent
-Maruti Suzuki to partially resume production at its Manesar plant today
-Vakrangee ties up with Aramex (logistics company)
-ONGC Videsh acquires 15 percent in Vankor Field, Russia for USD 1268 million (Rs 8,400 crore)
-Nucleus Software launches 'mApply', mobile solution that enables Australian consumers to apply for loans in minutes
-Bharat Electronics to inaugurate 8.4 MW wind energy power plant at Harappanahalli
-Enforcement Directorate attaches assets worth Rs 172 crore of Winsome Diamonds
-Bank of India sells loans worth Rs 8,000 crore under IBPC (Interbank Participation Certificate Scheme) to shore up capital
-Odisha Chief Minister opposes NTPC project in Chhattisgarh

First Published on Jun 1, 2016 08:01 am