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Last Updated : Dec 15, 2016 11:21 AM IST | Source: CNBC-TV18

Stocks in news: Cipla, Gitanjali, Mandhana Retail, NALCO, Jagran

Cipla | Gitanjali Gems | S H Kelkar | Swaraj Automotives | Welspun India | Mandhana Retail | MBL Infra | NALCO | Nectar Life and Jagran Prakashan are stocks, which are in the news today.

Here are stocks that are in news today:

-Net profit down 51.7 percent at Rs 121.2 crore versus Rs 250.8 crore (YoY)
-Total income down 4.2 percent at Rs 1,846 crore versus Rs 1,927.6 crore (YoY)
-EBITDA down 50.6 percent at Rs 172.3 crore versus Rs 348.7 crore (YoY)
-EBITDA margin at 9.3 percent versus 18.1 percent (YoY)

Jagran Prakashan Q2
-Net profit up 13.9 percent at Rs 75.6 crore versus Rs 66.4 crore (YoY)
-Total income up 6.3 percent at Rs 459 crore versus Rs 432 crore (YoY)
-EBITDA down 2.3 percent at Rs 121.3 crore versus Rs 124.1 crore (YoY)
-EBITDA margin at 26.4 percent versus 28.7 percent (YoY)


MBL Infra Q2
-Consolidated net loss at Rs 121.8 crore versus profit of Rs 17.4 crore (YoY)
-Consolidated total income down 7.9 percent at Rs 379 crore versus Rs 411.6 crore (YoY)
-Consolidated EBITDA loss at Rs 173.1 crore versus profit of Rs 52.6 crore (YoY)

Nectar Life Q2
-Net profit up 18.7 percent at Rs 16.1 crore versus Rs 13.6 crore (YoY)
-Total income up 4.5 percent at Rs 414.7 crore versus Rs 396.7 crore (YoY)

Gitanjali Gems Q2
-Consolidated net profit up 50.3 percent at Rs 47.50 crore versus Rs 31.60 crore (YoY)
-Consolidated total income up 14.7 percent at Rs 3,964.80 crore versus Rs 3,457.00 crore (YoY)
-Consolidated EBITDA up 5.5 percent at Rs 201.40 crore versus Rs 213.2 crore (YoY)
-Consolidated EBITDA margin at 5.1 percent versus 6.2 percent (YoY)

-Netherlands arm forms JV with Iranian company Ahran Tejarat
-Netherlands arm will hold 75 percent stake in JV & Iranian partner will hold 25 percent
-Netherlands arm will invest up to 16.8 euro million in cash in the JV

Russia Energy Minister Alexander Novak
-12 oil companies confirm commitment to production cut
-Oil companies to cut production by end of Q1 2017

-Agreed oil cuts of 1.8 million barrels per day to bring market to balance in 2nd half
-Non-OPEC members need to cut output to rebalance oil market
-Upgrades annual global oil demand growth by 0.01 mbpd for 2016, 2017
-Non-OPEC output to grow faster than expected by 70,000 bpd next year

Mandhana Retail
-Rakesh Jhunjhunwala buys 28.1 lakh equity shares; 12.74 percent of paid-up capital
-Rakesh Jhunjhunwala buys 12.74 percent equity in company via off market transaction

Power Minister Piyush Goyal says
-11,000 MW thermal plants which are over 25 years old to be phased out
-Will seek environmental approval for replacing capacity with new infra
-Plan to renovate NTPC's power plants to cost Rs 50,000 crore over 5 years
-NTPC to fund renovation without any budgetary support

Other stocks and sectors that are in news today:
-Gitanjali Gems unit Nakshatra to raise Rs 650 crore via IPO
-Promoters hike stake in SH Kelkar by 0.93 percent
-Swaraj Automotives' promoter to sell 13.3 percent stake via offer for sale; floor price set at Rs 150/share
-Cipla to mull fundraising via issue of equity shares or ADR/GDR, Other Securities
-Welspun India forays into flooring solutions; to invest Rs 600 crore in Gujarat facility
-Infosys invests in IdeaForge, a startup focused on unmanned aerial vehicle solutions
-LKP Securities added to B Group
-Alankit has ex-date for 1:2 stock split today
-Vishal Bearings has ex-date for 1:4 bonus today
-ONGC has ex-date for 1:2 bonus, F&O lot revised to 3750
-Listing - TCI Express
-Precision Wires - CARE assigns rating of A and A1
-NELCO - CARE assigns long term rating of A-
-Kilburn Engineering board decided not to go ahead with merger of EMC, McNally Bharat, McNally Sayaji with itself
-Adhunik Metaliks considered surrender of mining lease of Kulum iron ore mine
-Allcargo Logistics to buyback shares worth Rs 124.8 crore at a price of Rs 195 per share
-Vardhman Special Steels' steel melting capacity increased from 1.25 lakh tonnes per annum to 1.6 lakh tonnes per annum
-Foods & Inns board meeting on December 17 to consider conversion of loan into equity and further issuance of equity
-Sat Industries board meeting on December 24 to consider expansion of global trade and make further investment in Italica Ventures
-Supreme Holdings says fully repaid term loan of Rs 41.1 crore to Oriental Bank of Commerce
-MBL Infra says MP Road Development has illegally terminated BOT project
-Jagran Prakashan to redeem non-convertible debentures worth Rs 29 crore
-IFCI in focus - NSE to file DRHP next week
-Wipro to split India and West Asia business
-Cabinet approves major Port Authorities Bill, 2016

First Published on Dec 15, 2016 08:01 am