Stocks in news: EID Parry, VIP, Maruti, Reliance, Marico

Here are stocks that are in news today:

Results Today: Ranbaxy Labs, JSW Steel, NTPC, Marico, Bank Of Maharashtra, Clariant Chemical, Delta Corp, JM Financial, Jubliant Life Science, Mahindra Holidays, Mangalore Refinery, Mercator, OnMobile Global, Phoenix Mill, Pidilite Industries, Reliance Chemotex, SBBJ, Sun Pharma Advanced, Tata Communication, Torrent Power

RBI Credit Policy today

Kirit Parikh Panel Report: Sources
-Parikh Panel may submit report on trade parity pricing tomorrow
-Immediately hike diesel prices by Rs 5/litre, cap subsidy
-After diesel hike, provide fixed subsidy of Rs 6 per litre to oil marketing companies
-Diesel prices to be free, beyond cap on subsidy
-Fixed Rs 6/litre subsidy to be cut in 1 year via monthly hikes
-No need to tinker with existing pricing formula of diesel
-No single or unique formula for domestic pricing of fuel
-Modifying pricing formula no solution to mounting losses
-Best course is to free market of price controls at the earliest
-Hike kerosene prices by Rs 4/litre, LPG by Rs 250/cylinder
-Keep revising kerosene prices in-line with per capita agri GDP
-Phase out LPG subsidy in next 3 years via gradual price hikes
-Hike subsidised LPG by Rs 250/cylinder immediately
-Phase out LPG subsidy over next 3 years
-Cut subsidised LPG from 9 to 6 cylinders
-Proposes revised contribution for ONGC & Oil India for FY15
-For crude up to USD 80 per barrel, contribution at 40 percent of price
-For crude between USD 80-120 per barrel, 40 percent + 0.25 percent for each USD 1 per barrel
-For crude at USD 120 per barrel & above, flat 50 percent on total price
-Proposes to retain ONGC & Oil India contribution for FY14
-GAIL contribution not to exceed gross profit from LPG sale
-Compensate under-recovery fully after upstream share
-For crude at USD 110 a barrel, upstream companies to retain USD 62.75 per barrel
CNBC-TV18 Alert: Upstream companies currently retain USD 54/barrel

Apollo Hospitals announce their association with KKR to raise Rs 550 crore
Apollo Hospitals says:
-Partnership involves a Rs 550 crore long-term investment by KKR
-Investment is in the form of a 5 years callable security

Apollo Hospitals chairman Pratap C Reddy says:
-Transaction is culmination of very involved deliberations
-Intent to work with KKR to create long-term value for group

KKR India CEO Sanjay Nayar says
-Have history of successful investments in healthcare sector
-Excited with opportunity to partner with Apollo Hospitals
-'Partnership initiated through our alternative credit biz'
-Look to pave way for broader engagement with Apollo Hospitals

NSEL case: Bombay High Court
-FMC to conduct forensic audit of e-series contracts
-FMC to appoint auditor in 2 weeks
-Bombay High Court to resume hearing NSEL case on November 18

NSEL case: Ernst & Young says
-‘Allegations are incorrect & out of context’
-Prepared advisory report on commodity financing business in September 2012
-Prepared advisory report as per specific requirement of client
-Report articulates regulatory environment
-Report clearly explains key risks associated with commodities financing business
-Report must be read in totality to comprehend assessment & recommendations
-Cannot comment further due to confidentiality agreement with client
Alert: NSEL Investor Forum filed complaint with Economic Offences Wing (EOW) against Ernst & Young

Oil Minister approves taking away 5 gas discoveries from RIL in KG-D6: PTI sources
-5 discoveries are D4, D7, D8, D16 & D23
-Discoveries taken away over RIL's failure to meet timelines
-Oil Minister has allowed RIL to retain 3 other finds
-RIL can retain D29, D30 & D31 gas finds

CBI sources on Hindalco: PTI
-CBI begins scrutinising PMO file on coal block allocation
-Analysis of file is crucial for probe
-Analysis to help understand reason for reversing decision
 
CCI rejects complaint against glass maker Saint Gobain
-CCI says there is no evidence that company violated competition norms

Other stocks and sectors that are in news today:
-Oil companies may cut petrol prices by Rs 1.5 per litre ahead of Diwali
-PNB to issue shares for up to Rs 500 crore to government on preferential basis
-Sesa Sterlite: Hearing in the Goa mining ban case in SC
-OBC board to mull issue of equity shares worth Rs 150 crore to government via preferential allotment tomorrow
-Omaxe (CMP Rs 136) sets floor price for OFS at Rs 130/share to sell over 1.1 crore shares (Move to meet SEBI MPS norms)

Maruti Suzuki Q2
-Net profit at Rs 670.2 Crore Versus Rs 631.6 Crore (QoQ)
-Total income at Rs 10,468 Crore Versus Rs 10,237.3 Crore (QoQ)
-EBITDA at Rs 1,321 Crore Versus Rs 1,166 Crore (QoQ)
-Operating margin at 12.6 percent Versus 11.4 percent (QoQ)
-Other income at Rs 101 Crore Versus Rs 156 Crore (YoY), Rs 204.3 Crore (QoQ)

Maruti Suzuki Says:
-Raw material cost reduction aided margins in Q2
-Forex movement had positive impact on Q2 earnings
-Impact of vendor compensation favourable
-Q3 will see adverse impact on margins due to indirect import
-100 basis points jump in margins due to forex benefits from Q1
-Unable to predict H2 volumes due to macro-economic uncertainty
-High loan rates put pressure on car sales
-July-September passenger vehicle market share at 40.7 percent
-Diesel car sales declined by about 50 percent in Q2
-Petrol car sales grew by 16 percent during Q2
-Cannot predict sales growth for short-term
-Economic scenario continues to be uncertain

VIP Industries Q2
-Net profit at Rs 4.3 Crore Versus loss of Rs 1.8 Crore (YoY)
-Net sales at Rs 197.2 Crore Versus Rs 153.8 Crore (YoY)
-Forex loss of Rs 90 Lakh Versus gain of Rs 1.9 Crore (YoY)

Lanco Industries Q2
-Net profit at Rs 9.7 Crore Versus loss of Rs 11.9 Crore (YoY)
-Total income at Rs 264 Crore Versus Rs 218.5 Crore (YoY)
-Other income at Rs 14.2 Crore Versus Rs 26.6 Crore (YoY)

Jindal Stainless Q2
-Net loss at Rs 412 Crore Versus loss of Rs 152.3 Crore (YoY)
-Net sales at Rs 3,032 Crore Versus Rs 2,457 Crore (YoY)
-One-time loss of Rs 223 Crore on forex volatility

DCM Shriram Consolidated Q2
-Consolidated net profit at Rs 1.41 Crore Versus Rs 29 Crore (YoY)
-Consolidated net sales at Rs 1,684 Crore Versus Rs 1,339 Crore (YoY)

EID Parry Q2FY14 YoY Consolidated
-Total income up 18 percent at Rs 3864 Crore versus Rs 3267 Crore
-EBITDA down 23.5 percent at Rs 278 Crore versus Rs 364 Crore
-Margins at 7.2 percent versus 11 percent
-Net Profit down 63 percent at Rs 68 Crore versus Rs 183 Crore
-Fall in profit due to losses in sugar division
-Sugar division turns red & report Loss of Rs 48.7 Crore during the quarter versus Rs 2.7 Crore profit YoY

Syndicate Bank says
-Fee income ex-treasury has risen 9 percent YoY in Q2
-NII has increased only marginally this quarter
-Restructured Rs 265 crore in Q2
-Total restructured book at Rs 9,708 crore as of Q2

From boardroom: Syndicate Bank says
-5-6 major accounts became NPAs in Q2
-Fresh slippages at Rs 1,700 Crore
-Q2 restructured assets at Rs 265 Crore
-Andhra Pradesh discom is in pipeline for restructuring
-Total restructured assets at Rs 9,700 crore as on September 30
-Increase in NPAs mainly from textile & realty spaces