Stocks in news: Cadila, Wipro, Sun Pharma, Strides, SREI

Bajaj Holdings Q2-Consolidated net profit up 11.4 percent at Rs 568 crore versus Rs 510 crore (YoY)-Consolidated net sales down 40.4 percent at Rs 110 crore versus Rs 184.6 crore (YoY)

Idea Cellular Q2-Consolidated net profit down 13.1 percent at Rs 809.3 crore (QoQ)-Consolidated revenue down 1.2 percent at Rs 8,689 crore (QoQ)-Consolidated EBITDA down 5.3 percent at Rs 3,057 crore (QoQ)-Consolidated EBITDA margin at 35.2 percent versus 36.7 percent (QoQ)-Volume at 189.5 billion minutes versus 195.8 billion minutes (QoQ)-Voice rate at 32.70p/min versus 32.90p/min (QoQ)

Delta Corp Q2-Consolidated net profit at Rs 6.4 crore versus loss of Rs 3.5 crore (YoY)-Consolidated total income up 23.2 percent at Rs 93.6 crore versus Rs 76 crore (YoY)

Akzo Nobel Q2-Net profit up 15 percent at Rs 41 crore versus Rs 36 crore (YoY)-Revenue up 8 percent at Rs 657 crore versus Rs 607 crore (YoY)

Wipro Q2-IT services rupee revenue at Rs 12,042.8 crore versus Rs 11,577 crore (QoQ)-IT services dollar revenue at USD 1,831.9 million versus USD 1,794.1 million (QoQ)-IT services EBITDA margin at 20.7 percent versus 21 percent (QoQ)-Non-GAAP constant currency IT services dollar revenue up 3.1 percent QoQ & 8.4 percent YoY-Wipro guidance: Expect Q3FY16 IT services dollar revenue in range of USD 1,841-1,878 millionWipro says-Added 67 new customers in Q2-Energy business impacted by lower commodity prices delivered flat earnings-See stable demand environment going forward-Number of multi-USD 100 million deals has come down-Digital business shows strong traction with 7 deal wins in Q2-Weakness in OEM space will continue-Launched a focussed programme to train 10,000 employees in digital-Q3 guidance impacted by high furloughs, less working days & slow ramp-up in deals won

Cairn India Q2-Consolidated net profit down 19.4 percent at Rs 672.7 crore versus Rs 835 crore (QoQ)-Consolidated total income down 14.7 percent at Rs 2,242 crore versus Rs 2,627 crore (QoQ)-Consolidated EBITDA down 29.4 percent at Rs 911 crore versus Rs 1,290 crore (QoQ)-Consolidated EBITDA margin at 40.6 percent versus 49.1 percent (QoQ)-Forex gain of Rs 381 crore versus Rs 182 crore (QoQ)-Tax credit at Rs 180 crore versus deferred tax of Rs 58 crore (QoQ)-Cairn India says optimistic on meeting production projections for FY16

KPIT Tech Q2-Consolidated net profit up 69.1 percent at Rs 75.1 crore versus Rs 44.4 crore (QoQ)-Consolidated income from operations up 7.1 percent at Rs 812.2 crore versus Rs 758.3 crore (QoQ)

Tata Coffee Q2-Consolidated net profit down 15.1 percent at Rs 27.5 crore versus Rs 32.4 crore (YoY)-Consolidated total income up 2.8 percent at Rs 452.6 crore versus Rs 440.4 crore (YoY)

Blue Dart Q2-Net profit up 74.4 percent at Rs 53.7 crore versus Rs 30.8 crore (YoY)-Total income up 12 percent at Rs 651.5 crore versus Rs 581.7 crore (YoY)

HCL Infosystems Q2-Consolidated net loss at Rs 49.2 crore versus loss of Rs 41.4 crore (QoQ)-Consolidated net sales down 12.7 percent at Rs 1,470.6 crore versus Rs 1,685.5 crore (QoQ)

Cadila Healthcare Q2-Consolidated net profit at Rs 391 crore versus Rs 278 crore (YoY)-Consolidated net sales at Rs 2,418 crore versus Rs 2,064 crore (YoY)

SSIPL Retail files DRHP; IPO includes fresh issue of shares worth Rs 72 croreSSIPL Retail says-Some existing shareholders will also sell shares in IPO-Axis Capital & Ambit Corporate are book running lead managers for IPO

American Tower Corp announces acquisition of controlling stake in Viom NetworksATC-Viom deal: ATC says-Total cash consideration for Viom Networks’ deal will be Rs 7,600 crore-Will acquire a 51 percent controlling interest in Viom Networks-Under agreement, may acquire all or portion of remaining 49 percent stake in Viom-At closing, Tata Teleservices to retain part of holding-Viom deal is expected to close in mid-2016-Macquarie SBI Infra Investment, SBI Macquarie Infra Trust & IDFC Private Equity to retain certain stake-Post-closing, ATC’s existing Indian portfolio of approximately 14,000 towers to be merged with Viom

ATC-Viom deal: SREI Infra to CNBC-TV18-Signed definitive agreement with ATC-Viom enterprise value of around Rs 23,000 crore, debt of approximately Rs 6,000 crore-Company gets Rs 3,000 crore in cash including non-compete fee-Will use sale proceeds for core business expansion-Will use sale proceeds primarily for infra financing business-Post merger, Tata Teleservices to hold 26 percent stake-Macquarie’s 11 percent stake will get diluted-Hope to get FIPB & CCI approvals for the deal soon

Sun Pharma says-Company enters into settlement agreement with Acorda Therapeutics-Settlement agreement with Acorda to resolve a pending patent litigation-To resolve patent litigation involving Ampyra extended-release tablets in US-Will be permitted to market a generic version of Ampyra in US in 2027-Will submit agreement to US Federal Trade Commission & Dept Of Justice

Strides Arcolab-Acquires 7 brands from Johnson & Johnson-Acquires majority stake in domestic business of MedispanStrides Arcolab says-Acquired portfolios have combined revenue potential of Rs 32 crore in FY16-Brand acquisitions to strengthen India branded business

Government imposes anti-dumping duty on import of various itemsGovernment says-Items include plain medium density fibre board of thickness 6 mm & above-Items include front axle beam & steering knuckles for M&HCVs Orange CFO says-Due diligence on deal to buy assets in Africa from Bharti Airtel ongoing, aims for decision by year-end -Reasonably confident about 2016 prospects, confirm this year will be low-point for core profit

DLF-Appoints JPMorgan & Morgan Stanley as bankers for sale of 40 percent stake in arm DLF Cybercity Developers-DLF deal is estimated at Rs 12,000 crore: Sources

Reliance Communications-In talks with BSNL, Vodafone, Idea for 3G-ICR (intra-circle roaming) like 2G deal:-To roll out a 3G ICR-like roaming agreement in Bihar, West Bengal, Assam: PTI

Other stocks and sectors that are in news today:-Corporation Bank, GIC Housing Finance likely to buyout Nomura’s 35 percent stake in LIC Mutual Fund-Tata Steel, Sure Safety tie up for Odisha defence plant: ET-Coffee Day Enterprises IPO issue price at Rs 328/share: Reuters-Max India says board to consider proposal regarding its existing arrangements with Axis Bank as a shareholder of Max Life on October 23-Thomas Cook to consider issue of non-convertible redeemable preference shares on private placement basis-Maruti hikes wages of temporary workers by 10 percent: PTI-RBI says FIIs/RFPIs can invest up to 74 percent in Shriram Transport Finance-Speciality Restaurants: BMC orders for closure company's restaurant due to non-production of required documents-Petronet LNG pays Rs 400 crore demurrage as PSUs refuse costly gas import-Central Vigilance Commission seeks report from CBI, Bank Of Baroda on Rs 6,100 crore forex scam: PTI-Aditya Birla Chemicals shareholders approve raising up to Rs 1,200 crore via private placement-Aurobindo Pharma gets US FDA nod for pain killer Tramadol hydrochloride-Lupin gets tentative US FDA nod for Milnacipran hydrochloride (an antidepressant drug)