Moneycontrol Be a Pro
Get App
Last Updated : Dec 13, 2016 11:04 AM IST | Source: CNBC-TV18

Stocks in news: Axis, Tata Motors, Sun Pharma, IRB, Fortis, MEP

Axis Bank | Tata Motors | Sun Pharma | IRB Infrastructure | Sunteck Realty | NIIT | Fortis Healthcare | Abbot India | APL Apollo Tubes | Aarey Drugs | PAE | MEP Infra and Bajaj Finance are stocks, which are in the news today.

Here are stocks that are in news today:

TV Today
-To sell radio business to subsidiary on slump sale basis
-Transferring radio business to a subsidiary to segregate the business
-To complete sale of radio business to subsidiary by March 31, 2017

US FDA on Sun Pharma: Agencies
-Some testing programme not adequately designed at Halol plant
-Reports not submitted in 3 days post information on potential contamination
-Representative couldn't immediately be reached outside of business hours in India


IRB Infrastructure
-Wins Udaipur Tollway project, costing Rs 2,100 crore
-Unit executes Kishangarh-Ahmedabad project, costing Rs 2,100 crore
-Company has offered Rs 163.80 crore premium to NHAI for Udaipur Tollway project
-Company has offered Rs 228.60 crore premium to NHAI for Kishangarh-Ahmedabad project

Bajaj Finance concall
-Enquiries for loan products down 20 percent for the entire financing sector
-Loan enquiry for private bank is down 14 percent, foreign banks up 5 percent
-Loan enquiry for PSU banks down 42 percent, NBFCs down 17 percent
-Loan applications received up 20 percent at 6.8 lakh versus 5.7 lakh (YoY)
-Taken a strategic decision to cut 18 percent book in consumer durable business
-Intend to cut down larger exposures post demonetisation
-Cash collection has dropped from 87 percent to 50 percent in consumer business segment
-Net collection efficiency has dropped to 60.6 percent versus 75.1 percent (MoM)

-To acquire Trans American Infosystems for up to Rs 12.5 crore
-Providing corporate guarantee of USD 12 million to Axis Trustee to extend Digility's loan
-Providing corporate guarantee to Axis to extend USD 10 million loan facility to Digility

Gammon India Q2
-Net loss at Rs 72 crore versus loss of Rs 90.6 crore (QoQ)
-Total income down 21.1 percent at Rs 679.4 crore versus Rs 861.1 crore (QoQ)
-EBITDA up 28.1 percent at Rs 55.3 crore versus Rs 43.1 crore (QoQ)
-EBITDA margin at 8.1 percent versus 5 percent (QoQ)

MEP Infra Q2
-Consolidated net profit at Rs 62.4 crore versus loss of Rs 11.2 crore (YoY)
-Consolidated total income down 0.1 percent at Rs 447.4 crore versus Rs 447.7 crore (YoY)
-Consolidated EBITDA down 8.5 percent at Rs 335.10 crore versus Rs 366.30 crore (YoY)
-Consolidated EBITDA margin at 74.9 percent versus 81.8 percent (YoY)

Jai Corp Q2
-Net loss at Rs 0.6 crore versus loss of Rs 10.2 crore (YoY)
-Total income up 16.5 percent at Rs 196.7 crore versus Rs 168.9 crore (YoY)
-EBITDA at Rs 26 crore versus Rs 11.1 crore (YoY)
-EBITDA margin at 13.2 percent versus 6.6 percent (YoY)

Jindal Drilling Q2
-Net profit down 35.4 percent at Rs 6.2 crore versus Rs 9.6 crore (YoY)
-Total income up 38.7 percent at Rs 109.7 crore versus Rs 79.1 crore (YoY)
-Other income at Rs 4.3 crore versus Rs 10.3 crore (YoY)

JMT Auto Q2
-Net profit down 15 percent at Rs 1.7 crore versus Rs 2 crore (YoY)
-Total income down 20.8 percent at Rs 69.7 crore versus Rs 88 crore (YoY)

Nahar Industries Q2
-Net profit at Rs 30.2 crore versus Rs 2 crore (YoY)
-Total income up 11.6 percent at Rs 432.4 crore versus Rs 387.4 crore (YoY)
-EBITDA up 57.3 percent at Rs 66.8 crore versus Rs 42.5 crore (YoY)
-EBITDA margin at 15.4 percent versus 11 percent (YoY)

Sunteck Realty Q2
-Net profit at Rs 97.3 crore versus Rs 15.5 crore (YoY)
-Total income at Rs 206.1 crore versus Rs 30.2 crore (YoY)

Morgan Stanley launches book to buy 5 crore shares of Tata Motors: Sources
-Morgan Stanley launches book to buy Tata Motors' shares for an undisclosed buyer
-Morgan Stanley the sole book-runner for Tata Motors deal
-Morgan Stanley to buy 1.73 percent Tata Motors shares at maximum Rs 499.80/share
-Morgan Stanley's Tata Motors purchase price at 10 percent premium to Monday close

-Fire breaks out at the Syngene Campus, Bengaluru
-Preliminary reports indicate that no one injured, no loss of life
-All necessary measures taken to ensure the safety of its employees

Other stocks and sectors that are in news today:
-Lakshmi Machine Works buyback window starts from December 13 to 26
-KNR Constructions ex-date for 1:5 stock split
-Sheela Foam added to BSE IPO Index
-Westlife Development - India Ratings & Research affirms rating of A- and A1 to subsidiary
-KDDL board approved to increase stake in Mahen Distribution from 96.81 percent to 98.72 percent by purchasing compulsorily convertible preference shares
-Glenmark Pharma launches Zetia in the US
-Sunteck Realty approved transfer of subsidiary – Denise Realties to Thaler Developers
-Mahindra CIE approved amalgamation of Mahindra Forgings Global and Mahindra Forgings International with itself
-NIIT to acquire 10 percent stake in NIIT Yuva Jyoti from National Skill Development Corp for Rs 2.85 crore
-Ambition Mica board meeting on December 21 to consider bonus issue
-Fortis Healthcare - Malvinder and Shivinder Singh in talks with TPG Capital to sell 26 percent in Fortis: ET
-Abbott India inks 15-year lease deal in Mumbai to set up R&D centre: ET
-Banks averse to stake sale in Sujana Towers: FE
-ONGC gets shareholder nod for 1:2 bonus share issue
-Sun Pharma signs licensing pact with Moebius Medical to develop MM-II (a novel non-opiod pain product for osteoarthritis)
-APL Apollo Tubes receives patents for 4 hollow section designs
-RBI not initiated any action to cancel banking licence of Axis Bank
-Aarey Drugs to consider equity/warrants issue on preferential basis to promoters on December 19
-Axis Bank to consider raising Rs 3,500 crore via Tier-I Basel III debentures
-PAE wins maritime surveillance contract in Tunisia

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Dec 13, 2016 08:01 am
Follow us on
Available On