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

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)

Mastek -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

Syngene-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