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Last Updated : Nov 04, 2016 11:31 AM IST | Source: CNBC-TV18

Stocks in news: ITC, L&T, Biocon, GSK Pharma, GVK, GMR, Berger

Tata Motors | Biocon | Berger Paints | GSK Pharma | GVK Power | GMR Infrastructure | Parsvnath Developers | Mphasis | Star Ferro | ESAB India | EIH | Coastal Corporation | FACT | Monsanto | TD Power | Chemfab Alkalies and Tube Investments are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results today: Titan Company, United Breweries, CARE, Union Bank Of India, Gati, Max Financial, Sharda Cropchem, Automobile Corporation of Goa, EIH Associated Hotels, Jindal Saw, KCP Sugar, Ludlow Jute, Munjal Auto Industries, Neuland Laboratories, Seshasayee Paper, Transport Corporation of India, TRF, UCAL Fuel Systems

GST Panel fixes rates at 5 percent, 12 percent, 18 percent & 28 percent
Finance Minister Arun Jaitley says
-Cross empowerment issue to be taken up today
-Zero tax rate for several items constituting 50 percent of CPI basket
-There will be 2 standard rates of 12 percent & 18 percent
-Second category decided as 5 percent rate slab
-Present rate of tax for most white goods at 30-31 percent
-Most white goods to be now taxed at 28 percent but with riders
-Additional revenue from 28 percent slab will be used for other slabs
-5 percent GST rate on items of mass consumption
-Transferring several items to 18 percent GST rate from 28 percent now
-Aerated drinks, pan masala, luxury cars, tobacco (ITC, VST Industries, Godfrey Phillips in focus) to be taxed at higher than 28 percent
-GST panel approves cess on tobacco products, luxury & sin items
-Cess on sin goods & energy cess will be added to compensation pool
-Need to pay Rs 50,000 crore as compensation in 1st year of GST
-Cess won't be additional charges but existing ones
-Decision on GST rate on gold will be taken later
-Council to decide on flexibility of the compensation pool after 5 years
-Cess will be reviewed on a year to year basis
-Broadly trying to take GST rate structure to revenue neutrality
-All decisions taken with consensus
-Scrapped proposed 40 percent GST slab
-A single GST rate would be highly inflationary
-Secretaries’ committee will meet to decide item wise rate slabs
-Cess to be difference between 28 percent & tax applicable on sin goods now


SUUTI Holdings expected to sell around 1.5 percent-3 percent stake in L&T via block deal
-Citi, Morgan Stanley, ICICI Securities investment bankers to SUUTI's L&T stake sale
-L&T shares worth Rs 4,000 crore expected to be sold by SUUTI Holdings
-L&T block deal floor price set at Rs 1,415.66/share

-Cuts home loan rate by up to 15 bps from November 4
-Sets home loan rate at 9.2 percent & 9.15 percent for women (loan up to Rs 75 lakh)

Grindwell Norton Q2
-Net profit up 19.9 percent at Rs 29.5 crore versus Rs 24.6 crore (YoY)
-Total income up 12.4 percent at Rs 335.5 crore versus Rs 298.4 crore (YoY)
-EBITDA up 7.3 percent at Rs 45.8 crore versus Rs 42.7 crore (YoY)
-EBITDA Margin At 13.7 percent versus 14.3 percent (YoY)

Berger Paints Q2
-Consolidated net profit up 55.4 percent at Rs 138.8 crore versus Rs 89.3 crore (YoY)
-Consolidated total income up 7.8 percent at Rs 1,271.4 crore versus Rs 1,179.7 crore (YoY)
-Consolidated EBITDA up 17.3 percent at Rs 178.8 crore versus Rs 152.5 crore (YoY)
-Consolidated EBITDA margin at 14.1 percent versus 12.9 percent (YoY)
-Consolidated other income at Rs 18.4 crore versus Rs 9.2 crore (YoY)

Monsanto Q2
-Net profit at Rs 0.9 crore versus loss of Rs 26 crore (YoY)
-Total income at Rs 96.5 crore versus Rs 37.8 crore (YoY)
-EBITDA at Rs 1.8 crore versus EBITDA loss of Rs 25.6 crore (YoY)

TD Power Q2
-Consolidated net profit up 18.2 percent at Rs 1.3 crore versus Rs 1.1 crore (YoY)
-Consolidated total income down 39.9 percent at Rs 105.8 crore versus Rs 175.9 crore (YoY)
-Consolidated EBITDA down 71.6 percent at Rs 2.1 crore versus Rs 7.4 crore (YoY)
-Consolidated EBITDA margin at 2 percent versus 4.2 percent (YoY)
-Tax write-back at Rs 0.3 crore versus tax expense of Rs 2.8 crore (YoY)

Chemfab Alkalies Q2
-Net profit at Rs 5.4 crore versus Rs 2.1 crore (YoY)
-Total income up 25 percent at Rs 31.5 crore versus Rs 25.2 crore (YoY)
-EBITDA up 31 percent at Rs 9.3 crore versus Rs 7.1 crore (YoY)
-EBITDA margin at 29.5 percent versus 28.2 percent (YoY)

Tube Investments Q2
-Net profit at Rs 53.8 crore versus Rs 25.2 crore (YoY)
-Total income up 2.3 percent at Rs 1,061.5 crore versus Rs 1,037.7 crore (YoY)
-EBITDA up 8.5 percent at Rs 98.6 crore versus Rs 90.9 crore (YoY)
-EBITDA margin at 9.3 percent versus 8.8 percent (YoY)

-Net loss at Rs 33.6 crore versus loss of Rs 60.9 crore (YoY)
-Total income down 2.6 percent at Rs 637.7 crore versus Rs 655 crore (YoY)
-EBITDA at Rs 62.8 crore versus Rs 6 crore (YoY)
-EBITDA margin at 9.8 percent versus 0.9 percent (YoY)

Coastal Corporation Q2
-Net profit up 37.5 percent at Rs 5.4 percent versus Rs 6.8 percent (YoY)
-Total income up 54.4 percent at Rs 158.6 crore versus Rs 102.7 crore (YoY)
-EBITDA up 22.8 percent at Rs 8.6 crore versus Rs 7 crore (YoY)
-EBITDA margin at 5.4 percent versus 6.8 percent (YoY)

-Net profit down 58.7 percent at Rs 3.8 crore versus Rs 9.2 crore (YoY)
-Total income down 9.1 percent at Rs 274.2 crore versus Rs 301.7 crore (YoY)
-EBITDA down 63.8 percent at Rs 12.4 crore versus Rs 34.3 crore (YoY)
-EBITDA margin at 4.5 percent versus 11.4 percent (YoY)

Super Spinning Mills Q2
-Net loss at Rs 4.3 crore versus loss at Rs 4.8 crore (YoY)
-Total income down 22.2 percent at Rs 72.6 crore versus Rs 93.3 crore (YoY)
-EBITDA down 66.7 percent at Rs 1 crore versus Rs 3 crore (YoY)
-EBITDA margin at 1.4 percent versus 3.2 percent (YoY)

-Net profit up 5.3 percent at Rs 21.7 crore versus Rs 20.6 crore (YoY)
-Total income up 8.9 percent at Rs 92.1 crore versus Rs 84.6 crore (YoY)
-EBITDA up 18.8 percent at Rs 29.1 crore versus Rs 24.5 crore (YoY)
-EBITDA margin at 31.6 percent versus 29 percent (YoY)

ESAB India Q2
-Net profit up 61.3 percent at Rs 10 crore versus Rs 6.2 crore (YoY)
-Total income up 3.3 percent at Rs 132.3 crore versus Rs 128.1 crore (YoY)
-EBITDA up 15.6 percent at Rs 14.1 crore versus Rs 12.2 crore (YoY)
-EBITDA margin at 10.7 percent versus 9.5 percent (YoY)

Magma Fincorp Q2
-Net profit up 3.7 percent at Rs 50.4 crore versus Rs 48.6 crore (YoY)
-Total income down 1.7 percent at Rs 600.2 crore versus Rs 610.7 crore (YoY)

Shoppers Stop Q2
-Like-to-like sales growth at 3.4 percent
-Net profit down 10.8 percent at Rs 10.7 crore versus Rs 12 crore (YoY)
-Total income up 6.8 percent at Rs 954.4 crore versus Rs 893.5 crore (YoY)
-EBITDA down 16.7 percent at Rs 48 crore versus Rs 57.6 crore (YoY)
-EBITDA margin at 5 percent versus 6.4 percent (YoY)

Star Ferro Q2
-Net profit at Rs 0.7 crore versus loss of Rs 7.9 crore (YoY)
-Total income up 17.4 percent at Rs 365.8 crore versus Rs 311.5 crore (YoY)
-EBITDA up 6.7 percent at Rs 58.9 crore versus Rs 55.2 crore (YoY)
-EBITDA margin at 16.1 percent versus 17.7 percent (YoY)

Rajratan Global Wire Q2
-Net profit up 27.5 percent at Rs 5.1 crore versus Rs 4 crore (YoY)
-Total income down 0.8 percent at Rs 72.6 crore versus Rs 73.2 crore (YoY)
-EBITDA up 4 percent at Rs 10.3 crore versus Rs 9.9 crore (YoY)
-EBITDA margin at 14.2 percent versus 13.5 percent (YoY)

Mphasis Q2
-Net profit up 3.1 percent at Rs 210.7 crore versus Rs 204.3 crore (QoQ)
-Total income up 0.1 percent at Rs 1,517.6 crore versus Rs 1,516.7 crore (QoQ)
-EBIT up 0.6 percent at Rs 232.2 crore versus Rs 230.9 crore (QoQ)
-EBIT margin at 15.3 percent versus 15.2 percent (QoQ)
-Mphasis says HP revenue up 1.5 percent (QoQ)

Parsvnath Developers
-Incorporated subsidiary to develop the multi-complex in Hyderabad
-Acquired Class A&B shares of subsidiary for residential project at Khyber Pass

Other stocks and sectors that are in news today:
-Starlit Power Systems' bonus shares to list today
-Mangalam Drugs & Organics - India Ratings & Research provides long term rating of BBB and short term rating of A3+
-Mylan & Biocon in focus - Insulin Glargine accepted for review by European Medicines Agency
-Indian Overseas Bank allots non-convertible debentures (NCDs) worth Rs 800 crore
-Indian Bank board meeting on November 9 to consider further fund raising
-Valecha Engineering board meeting on November 5 to consider conversion of fixed deposits into equity
-GlaxoSmithKline wins battle over GSK trademark
-Bombay Rayon allots 29.9 lakh shares at Rs 165.88 per share to lender on conversion of loan
-GVK in focus - Investors like Temasek, CPPB eye 49 percent in Mumbai Airport
-ONGC, Cairn to face Rs 1,922 crore service tax on royalty payments
-Tata Motors inks pact with Indonesian PT Pindad to explore market potential of Tata armored vehicles
-HC disallows levy of demurrage charges at DIAl (Delhi airport); operated by GMR

First Published on Nov 4, 2016 08:00 am