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Stocks in news: BoB, Tata Sponge, Alkem, Aban, JB Chem, Bharti

Bank of Baroda | Tata Sponge Iron | Bharti Airtel | Zuari Agro | Tata Power | Venus Remedies | Pricol | ARSS Infrastructure | Indian Overseas Bank | Patel Engineering | Nutraplus | Alkem Labs | Parag Milk Foods | Glenmark Pharmaceuticals | Aban Offshore | JB Chemicalss and Bajaj Finserv are stocks, which are in the news today.

June 27, 2016 / 09:19 IST
     
     
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    Here are stocks that are in news today:

    Bajaj Finserv-Bajaj Finserv is likely to buy out Allianz's stakes in Bajaj Allianz Life Insurance company and Bajaj Allianz General Insurance: Mint-The deal estimated at as much as Rs 10,000 crore-Allianz holds 26 percent in both the ventures

    JB Chemicals: Sources-company's Panoli tablet manufacturing facility gets inspected with zero 483 by US FDA-US FDA inspected Panoli tablet manufacturing facility last week

    Aban Offshore-Step down unit gets ONGC order for deployment of drillship Aban Abraham for 2 years-Expected revenue from deployment estimated at USD 87 million (Rs 592 crore)

    Glenmark Pharmaceuticals-Receives tentative ANDA approval for Olmesartan medoxomil tablets-Receives ANDA approval for Nystatin & Triamcinolone acetonide ointment

    Parag Milk Foods Q4-Revenue at Rs 408.2 crore versus Rs 349.5 crore-EBITDA at Rs 42.9 crore versus Rs 27.1 crore-Margins at 10.5 percent versus 7.7 percent-PAT at Rs 19.6 crore versus Rs 13.1 crore

    Tata Teleservices (Maharashtra) Q4-Revenue at Rs 732.8 crore versus Rs 746 crore-EBITDA at Rs 183.6 crore versus Rs 159.6 crore-Finance cost at Rs 243.3 crore versus Rs 175 crore-Net loss at Rs 159 crore versus loss of Rs 164 crore-Board approves issue of preference shares to promoter - Tata Teleservices - worth Rs 3000 crore

    HOCL (Government of India company)Company seeking Board for Industrial and Financial Reconstruction consent for:-Lease of land (60 acres) at Rasayani to Container Corporation-Lease of land (135 acres) at Rasayani to BPCL-Sale of land (8.8 acres) at Panvel to stae/central government entities-Market capitalisation Rs 107 crore; total debt Rs 338 crore; cash Rs 4.75 crore

    Alkem LabsClarification on European Medicines Agency’s (EMA) inspection in Taloja facility:-No problems with 3 drugs (anitbiotics)-Issues with Ibuprofen & Sclerosis drugs(Company considering to provide alternate studies to support authorisation)-Europe contributes less than 1 percent to total sales

    Nutraplus-Board to cancel amalgamation of Vetpharma with company-Promoters’ stake was to increase to 54.4 percent from 38.2 percent if it was amalgamated

    MRO-Tek-Open offer to open on July 8 & close on July 21, 2016-Offer made by non promoters: Aniruddha Mehta, Gauri Mehta & Umiya Holding Private Limited-Open offer announced on May 19 for 26 percent equity at Rs 42 (current market price Rs 44)

    Machino Plastics-Board approves capex of Rs 78.8 crore for expansion at Manesar plant(Auto ancillary company - Maruti & Suzuki are promoters)-Guidance for sales: Rs 278 crore in FY17 & Rs 315 crore in FY18-EBITDA guidance of Rs 26.25 crore in FY17 & Rs 34.7 crore in FY18-FY16 revenue Rs 206 crore and EBITDA Rs 21.7 crore

    Circuit revisions-Mandhana 5 percent from 10 percent-Astec 10 percent from 20 percent

    Ex-dividend today-Pfizer dividend Rs 15/share (current market price Rs 1846)-Capital First – Rs 2.4/share (current market price Rs 545)

    Other stocks and sectors that are in news today:-Sun Pharma receives tentative US FDA nod for Dalfampridine tablets-Bank of Baroda to sell non-core assets to raise capital-Brigade Enterprises launches Signature Club Resort at Brigade Orchards township in Bengaluru-Tata Sponge Iron wins bid for 24,000 tonnes per annum of coal from Coal India unit-Bharti Airtel & Axiata Extend Bangladesh merger agreement until September 26, 2016-Unichem Laboratories receives US FDA nod for Donepezil Hydrochloride tablets-Crompton Greaves Consumer Electricals board approves raising non-convertible debentures (NCDs) worth Rs 650 crore-Zuari Agro says company avails unsecured inter corporate deposit of Rs 100 crore from Adventz Finance for 1 year-Vijaya Bank gets shareholder nod to raise up to Rs 900 crore equity-Tata Power: Arbitration award issued with respect to dispute between Tata Sons & NTT Docomo-Reliance Communications board Approves scheme of arrangement with subsidiary Reliance Telecom (RTL)-Venus Remedies to withdraw proposal to allot 9 lakh equity shares due to pending permissions-Indiabulls Housing Finance proposes to raise Rs 300 crore plus greenshoe option via NCDs-Pricol gets shareholder nod for amalgamation of company with Pricol Pune-OBC board approves Prj Udbhav for business process re-engineering & organisation restructuring-Adani Enterprises raises Rs 150 crore via allotment of redeemable NCDs-ARSS Infra JV wins work order worth Rs 44 crore from East Coast Railway-Suzlon Energy completes & commissions 4.2 MW wind project for Ahmedabad Municipal Corporation-IOB: ICRA revises ratings to A- (negative outlook) from A (negative) for Rs 2632 crore bonds-Sobha's buy back of 22.75 lakh shares at Rs 330 (current market price Rs 307) opens June 29-Uttam Value Steels will be out of T2T from July 11-Kesar Terminals board approves bonus of 1 share for 25 shares of company-Hester Biosciences board meeting on June 29 to consider fund raise via QIP-Patel Engineering board meeting on June 29 to consider debt conversion into equity under strategic debt restructuring-Vitan Agro to incorporate associate company under name ‘F9 Hospitality’ with Rs 10 lakh paid up capital

    first published: Jun 27, 2016 08:01 am

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