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Last Updated : Jul 20, 2016 11:36 AM IST | Source: CNBC-TV18

Stocks in news: Bharti, Wipro, CRISIL, DLF, Anant Raj, Cupid

Bharti Airtel | Idea Cellular | Reliance Communications | Wipro | CRISIL | Linde India | Sun Pharma | DLF | Anant Raj | JBM Auto | Exide Industries | HDIL | Igarashi Motors | Cupid | Shree Cement | Glenmark | Alkem Labs and Torrent Pharma are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results today: Hindustan Zinc, Manpasand Beverages, Nucleus Software Exports, KPIT Technologies, Sasken Communication, Kitex Garments, Lakshmi Vilas Bank, Foseco India, IFB Agro Ind, Kabra Extrusion Technik, Plastiblends India, RS Software, SCI, SKF India

Glenmark, Alkem Labs, Torrent Pharma in focus
-US Judge allows AstraZeneca’s cholesterol drug Crestor
-Sun Pharma, Aurobindo Pharma, Glenmark, Alkem & Torrent Pharma have filed for generic version of Crestor

Glenmark Pharma
-Receives ANDA nod for Rosuvastatin calcium tablets
-Rosuvastatin calcium is generic version of Crestor
-Rosuvastatin calcium achieved annual sales USD 6.78 billion till May 2016
-Glenmark launching Crestor generic in US today

HDFC Life Q1 (non-listed arm of HDFC)
-Profit up 8 percent to Rs 246 crore YoY
-Total premium collection up 15 percent YoY
-Asset under management (AUM) grew by 15 percent YoY


Advanced Enzyme Tech
-IPO opens today, closes on July 22
-Allots 13.71 lakh shares at Rs 896/share to 15 anchor investors
-Fixes IPO price band in range of Rs 880-896/share

Wipro Q1
-Consolidated net profit down 8.3 percent at Rs 2,052 crore versus Rs 2,238 crore (QoQ)
-IT services rupee revenue up 2.4 percent at Rs 13,109 crore versus Rs 12,796.7 crore (QoQ)
-IT EBIT down 7.5 percent at Rs 2,327 crore versus Rs 2,517.8 crore (QoQ)
-IT EBIT margin at 17.75 percent versus 19.67 percent (QoQ)
-Dollar revenue up 2.6 percent at USD 1,930.8 million versus USD 1,882 million (QoQ)
-Gross utilisation at 69.9 percent versus 68.1 percent (QoQ)
-Net utilisation (ex-trainees) at 79.7 percent versus 77.5 percent (QoQ)
-Constant currency sequential growth at 2 percent
-Voluntary trailing twelve months (TTM) attrition at 16.5 percent versus 16.1 percent (QoQ)
Wipro guidance
-Expect Q2 dollar IT services revenue in range of USD 1,931-1,950 million
-Expect Q2 dollar revenue growth in range of 0.01-1 percent
Alert: Street had expected Q2 dollar revenue growth guidance in range of 1.5-3.5 percent
Wipro says
-Added 2 USD 20 million clients, 10 USD 10 million clients, 4 USD 5 million clients in Q1
-Revenue from existing customers at 99.7 percent in Q1
-Added 50 new customers in Q1
-Top customer contributed 2.5 percent to revenue in Q1 versus 2.7 percent (QoQ)
-Top 5 customers contributed 10.3 percent to revenue in Q1 versus 11 percent (QoQ)
-Top 10 customers contributed 17.6 percent to revenue in Q1 versus 18.2 percent (QoQ)

Linde India Q2 (YoY)
-Net loss at Rs 2.4 crore versus profit of Rs 3.9 crore
-Total income at Rs 430.3 crore versus Rs 375.2 crore
-Other income at Rs 0.7 crore versus Rs 19.6 crore
-EBITDA up 57.8 percent at Rs 76.3 crore versus Rs 48.4 crore
-EBITDA margin at 17.7 percent versus 12.9 percent

-Net profit down 11.2 percent at Rs 69.8 crore versus Rs 78.6 crore
-Total income up 4.6 percent at Rs 375.1 crore versus Rs 358.7 crore
-EBITDA down 13 percent at Rs 97.6 crore versus Rs 112.2 crore
-EBITDA margin at 26 percent versus 31.3 percent (QoQ)

Mumbai police attaches assets of Financial Technologies (FTIL)
-FTIL headquarters taken over under Maharashtra Protection Of Interest Of Depositors Act (MPID Act)
-economic offences wing (EOW) attaches FTIL's bank balance
-All offices of FTIL taken over by EOW
-63 Moons received letter from EOW securing assets of FTIL
FTIL says
-63 Moons is a listed co having more than 63,000 shareholders, 1000 employees
-Will be moving court soon against the attachment of assets
-No legal basis for the action

Other stocks and sectors that are in news today:
-DLF to realign shareholding arrangement in joint venture companies
-Bharti Airtel - Orange completes acquisition of Airtel operations in Sierra Leone
-Yes Bank negotiating Rs 4,000 crore credit line for Nirma Lafarge deal: ET
-JBM Auto to invest Rs 300 crore towards electric mobility in India via its JV with Solaris Bus & Coach
-High Ground Enterprise board to consider bonus issue & increase in capital on August 16
-Monsanto rejects Bayer's fresh USD 55 billion offer as financially inadequate: Mint
-Hinduja Global Solutions to host job fair for 250 opportunities at its Windsor customer experience center on July 21
-Hindalco receives RBI nod for revised offer by Metal X
-Reliance Communications incorporates wholly owned subsidiary 'Aircom Holdco BV' in Netherlands
-Anant Raj approved demerger of real estate division and project division
-Government to allow 100 percent FDI in private banks: HT
-Lenders to take control of cash strapped Lanco Infratech: ET
-Exide to invest Rs 1,400 crore on new technology over next 2 years: BS
-HDIL to consider and approve warrants on a preferential basis to promoter
-Igarashi Motors - Public shareholding increases from 14.15 percent to 25 percent due to promoter selling of 10.85 percent
-Anjani Tiles (subsidiary) allotted 15.3 lakh 1% cumulative redeemable preference shares of Rs 10 each to Cera Sanitaryware
-Eldeco Housing withdraws scheme of amalgamation of subsidiary with itself; board approve demerger of strategic business division
-Telecom stocks - Reliance Communications, Tata Teleservices, Vodafone, Bharti Airtel, Idea Cellular and Aircel get notice over revenue under-reporting
-Punjab & Sind Bank revises interest rate on deposit of less than Rs 1 crore for 1-2 years from 7.55 percent to 7.4 percent w.e.f. July 20
-Cupid awarded renewal for its long term contract with UNFPA for male condoms for 3 years
-Vipul Dye Chem name chaged to Vipul Organics
-Shree Cement completed up-gradation of preheater clinker line at Rajashtan. capacity increased from 1.1 MPTA to 1.4 MPTA
-Manappuram Finance - ICRA upgrades long term rating from A+ to AA- and reaffirmed short term rating of A1+
-Adani Port & SEZ - Fitch affirms rating of BBB-
-Deccan Cements - CRISIL assigns long term rating of A and short term rating of A1. ICRA upgrades bank term loan rating from BBB+ to A
-Nava Bharat Ventures - CRISIL reaffirms long term rating of A+/stable (from negative) and short term rating of A1
-Gufic Biosciences - CARE assigns BBB- rating
-Future Consumer Enterprise - CARE assigns rating of A to the NCDs (non-convertible debentures)
-Bajaj Finance issues NCDs worth Rs 490 crore

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First Published on Jul 20, 2016 08:01 am
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