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Last Updated : Mar 01, 2016 08:50 AM IST | Source: CNBC-TV18

Stocks in news: IOC, BEML, Vedanta, Lupin, CMI, JP Associates

BEML | Axis Bank | Vedanta | Lupin | CMI | Jaiprakash Associates | Sadbhav Infra | Sadbhav Engineering and IOC are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

-Petrol price cut by Rs 3.02/litre & diesel price hiked by Rs 1.47/litre
-Jet fuel (ATF) prices in Delhi increased by Rs 4,174.49/kl at Rs 39,301.31/kl

Sadbhav Infra & Sadbhav Engineering
-Transfers 20 percent stake in Mumbai Nasik Expressway to BIF Holdings PTE for Rs 72 crore
-Company had invested Rs 10.4 crore in this project, made 7X returns


Jaiprakash Associates
-To pay Rs 470 crore to UltraTech Cement to meet capex for the Grinding Unit at Bara, UP
-Unit 1 of 660 MW thermal power project commenced operations

Videocon Industries Q4
-Net loss at Rs 84.4 crore versus profit Rs 7.6 crore (QoQ)
-Total income at Rs 3,091 crore versus Rs 3,118 crore (QoQ)

Bhaskar Bhat of Titan Company says
-Have to bear with these regulations
-Current quarter has been slow & challenging for us
-Have been burdened by withdrawal of gold harvest scheme
-Have been burdened by imposition of duties & PAN card regulations

CMI completes acquisition of General Cables Energy India
CMI says
-Have earmarked Rs 150 crore for GCE’s acquired projects
-Will fund the acquisition via debt & equity
-Acquired projects to be operational in Q1FY17

Other stocks and sectors that are in news today:
-BEML bags Rs 900 crore Kolkata Metro order
-Axis Bank acquires 4.99 percent stake in Max Life Insurance for Rs 95.75 crore
-Vedanta won bid for gold mine auction in Chhattisgarh at 12.55 percent royalty of despatched mineral
-Lupin to set up a plant in Japan with a capacity of Rs 200 crore tablets
-Syndicate Bank to allot shares worth Rs 217 crore to LIC at Rs 52.5/share on a preferential basis

First Published on Mar 1, 2016 08:02 am