Here are stocks that are in news today:
Results Today: HCL Technologies, Hero Motocorp, Bharat Forge, Aban Offshore, Adlabs Entertainment, Berger Paints, Indiabulls Real Estate, Monsanto India, Nilkamal, Redington, TBZ, United Bank of India, 3M India, Atul Auto, BGR Energy, Carborundum Universal, Firstsource Solutions, JK Paper, Kalindee Rail Nirman, Mcleod Russel, Nesco, PNB Gilts, Styrolution ABS, Thirumalai Chemicals, V-Guard Industries
L&T Q1-Consolidated net profit down 37.3 percent at Rs 606 crore versus Rs 967 crore (YoY)-Consolidated total income up 6.7 percent at Rs 20,252 crore versus Rs 18,975 crore (YoY)-Consolidated EBITDA down 8.9 percent at Rs 2,290 crore versus Rs 2,515 crore (YoY)-Consolidated EBITDA margin at 11.3 percent versus 13.3 percent (YoY)-Consolidated order book at Rs 2.39 lakh crore as on June 30-Metallurgical EBIT loss at Rs 23.7 crore versus profit of Rs 89.7 crore (YoY)-Power EBIT at Rs 45.4 crore versus Rs 141 crore (YoY)-Infra EBIT at Rs 746.3 versus Rs 590.7 crore (YoY)-Infra revenue at Rs 8,475 crore versus Rs 7,572 crore (YoY)-Power revenue at Rs 1,124 crore versus Rs 1,000.3 crore (YoY)-Infra EBIT margin at 10.7 percent versus 10.3 percent (YoY)-Power EBIT margin at 9.8 percent
L&T says-Investment climate remains subdued due to global uncertainties-Business environment stays challenging in the short-term-Prospects in urban infra, transportation infra look promising-Prospects in power, water, renewable energy & defence look promising-International orders constitute 26 percent of total order book-Consolidated order book up 22 percent at Rs 2.39 lakh crore (YoY) as on June 30-Won orders worth Rs 26,376 crore in Q1; international order inflow at Rs 8,110 crore-Continue to see sluggish pace of awards in infra segment-Investment momentum in industrial capex yet to pick up-Power & hydrocarbon awards picking up-Have missed some orders on aggressive price bids-Will take a few more quarters before hydrocarbon plays its true value-Heavy engineering business performance may remain subdued in short-term-Favourable currency has helped IT business; dollar revenue up 10 percent-Mining activity is beginning to show improvement-Confident of meeting FY16 order growth guidance at this point-FY16 guidance for order inflow & revenue unchanged at 15 percent for now-L&T to sell up to 15 percent stake in L&T Infotech via offer for sale
Steel Strips Q1-Net profit up 97 percent at Rs 12.2 crore versus Rs 6.2 crore (YoY)-Total income up 6 percent at Rs 292.5 crore versus Rs 276.3 crore (YoY)
AIA Engineering Q1-Consolidated net profit up 8.1 percent at Rs 102.8 crore versus Rs 95.1 crore (YoY)-Consolidated total income up 22.8 percent at Rs 527 crore versus Rs 429 crore (YoY)
Magma Fincorp Q1-Consolidated net profit up 4.1 percent at Rs 45.2 crore versus Rs 43.4 crore (YoY)-Consolidated total income up 11.4 percent at Rs 606.2 crore versus Rs 544.3 crore (YoY)
Sun Pharma Advanced Research Company (SPARC) Q1-Net loss at Rs 1.7 crore versus loss of Rs 9.7 crore (YoY)-Total income up 21 percent at Rs 43.4 crore versus Rs 35.9 crore (YoY)
Den Networks Q1-Consolidated net loss at Rs 51.9 crore versus loss of Rs 62.1 crore (QoQ)-Consolidated total income at Rs 265.6 crore versus Rs 270.3 crore (QoQ)
V2 Retail Q1-Net profit at Rs 4.8 crore versus Rs 1.4 crore (YoY)-Total income up 7.2 percent at Rs 76.4 crore versus Rs 71.3 crore (YoY)
Bharat Gears Q1-Net profit at Rs 1.4 crore versus loss of Rs 5 crore (YoY)-Total income up 8.8 percent at Rs 107.4 crore versus Rs 98.7 crore (YoY)
Suzlon Energy Q1-Consolidated net profit at Rs 1,047.4 crore versus loss of Rs 750.7 crore (YoY)-Consolidated total income down 43.8 percent at Rs 2,627.7 crore versus Rs 4,672 crore (YoY)-Consolidated exceptional gain of Rs 1,314.5 crore versus loss of Rs 103.4 crore (YoY)Suzlon Energy-To issue securities worth up to Rs 5,000 crore-Appoints Kirti J Vagadia as group CFO
Raymond Q1-Consolidated net loss at Rs 13.7 crore versus loss of Rs 32.8 crore (YoY)-Consolidated total income at Rs 1,121.7 crore versus Rs 1,098.7 crore (YoY)
Shriram Transport Q1-Net profit up 4.8 percent at Rs 321.1 crore versus Rs 306.4 crore (YoY)-NII up 12.3 percent at Rs 1,158 crore versus Rs 1,032 crore (YoY)-Provisions & write-offs at Rs 382.3 crore versus Rs 323.8 crore (YoY)
Cholamandalam Investment Q1-Consolidated net profit up 16.2 percent at Rs 111.1 crore versus Rs 95.6 crore (YoY)-Consolidated income from operations up 13.9 percent at Rs 986.7 crore versus Rs 866 crore (YoY)
Saint Gobain Q1-Net profit at Rs 2.6 crore versus Rs 1 crore (YoY)-Total income up 22 percent at Rs 37 crore versus Rs 30.3 crore (YoY)
SREI Infra Q1-Consolidated net profit down 66.6 percent at Rs 20.8 crore versus Rs 62.2 crore (YoY)-Consolidated total income down 14.4 percent at Rs 797 crore versus Rs 931 crore (YoY)
JK Cement Q1-Net profit at Rs 16 lakh versus Rs 38 crore (YoY)-Total income up 1.3 percent at Rs 813.7 crore versus Rs 803.2 crore (YoY)
DCM Shriram Q1-Consolidated net profit down 30.9 percent at Rs 122.6 crore versus Rs 177.3 crore (YoY)-Consolidated total income up 6 percent at Rs 1,806 crore versus Rs 1,704.4 crore (YoY)
July auto sales: Tata Motors-Total sales up 1 percent at 40,154 units versus 39,629 units (YoY)-Domestic sales down 1 percent at 35,076 units versus 35,266 units (YoY)-Exports up 16 percent at 5,078 units versus 4,363 units (YoY)-Passenger vehicle (PV) sales up 27 percent at 8,520 units versus 6,703 units (YoY)-Medium and heavy commercial vehicle (MHCV) sales up 21 percent at 11,808 units (YoY)Hero Motocorp-2-wheelers sales at 4.9 lakh units versus 5.42 lakh units (YoY)Maruti Suzuki-Total sales up 20.1 percent at 1.22 lakh units versus 1.01 lakh units (YoY)-Domestic sales up 22.5 percent at 1.1 lakh units versus 90,093 units (YoY)-Exports up 0.2 percent at 11,307 units versus 11,287 units (YoY)-Passenger car sales up 25.9 percent at 91,602 units versus 72,782 units (YoY)TVS Motor-Total sales up 2 percent at 2.18 lakh units versus 2.14 lakh units (YoY)-Exports up 15 percent at 42,677 units versus 36,986 units (YoY)-2-wheelers sales up 1.3 percent at 2.08 lakh units versus 2.05 lakh units (YoY)-3-wheeler sales up 15 percent at 10,277 units versus 8,964 units (YoY)Ashok Leyland-Total sales up 40 percent at 11,022 units versus 7,861 units (YoY)-Light commercial vehicle sales up 5 percent at 2,219 units versus 2,111 units (YoY) -MHCV sales Up 53 percent At 8,803 Units Versus 5,750 Units (YoY)Mahindra and Mahindra-Total sales down 2.6 percent at 34,652 units versus 35,567 units (YoY)-Domestic sales down 6 percent at 31,087 units versus 33,047 units (YoY)-Exports up 41 percent at 3,565 units (YoY)-Passenger vehicle sales down 13 percent at 14,456 units versus 16,569 units (YoY)-Total tractor sales down 11 percent at 15,460 units versus 17,407 units (YoY)-Domestic tractor sales down 13 percent at 14,273 units versus 16,379 units (MoM)Eicher Motors-Total motorcycle sales up 49 percent at 40,760 units versus 27,314 units (YoY)-Motorcycle exports up 72 percent at 893 units versus 518 units (YoY) Atul Auto -Total sales up 4.89 percent at 12,555 units versus 11,970 units (YoY)
IOC-Cuts petrol price by Rs 2.43/litre effective midnight-cuts diesel price by Rs 3.60/litre effective midnight-Non-subsidised LPG price cut by Rs 23.50 to Rs 585/cylinder in Delhi
Bharati Shipyard says-Board approves changing company's name to Bharati Defence & Infra-Board approves issuance of convertible warrants to the lender
Tata Teleservices (Maharashtra)-Suresh Mahadevan resigns as CFO-Harish Abhichandani appointed as CFO w.e.f September 1
KKR-To invest USD 150 million in JBF Industries for a 20 percent stake-To also buy 14 percent stake in JBF Industries' wholly-owned subsidiary in Singapore
Government-To allocate Rs 4,495 crore more for national food security act via token supplementary-To allocate Rs 7,000 crore more for MNREGA via token supplementary-To allocate Rs 1,000 crore for metro rail projects-To allocate Rs 2,200 crore more for energy sector-To allocate Rs 1,200 crore more for strategic petroleum reserves-To allocate Rs 1,000 crore power sector development fund-To allocate Rs 7,985 crore more to social sector & rural development scheme-To allocate Rs 820 crore more for equity infusion into Air India
SEBI-Imposes penalty on Sharekhan & 15 others for unfair trade, front-running-Imposes Rs 50.93 lakh penalty on Sharekhan for unfair trade, front-running
Banking secretary GS Sandhu says-First & second tranche of PSU bank recapitalisation to be done together-Both tranches of PSU bank recapitalisation to be completed by September
Finance Minister Arun Jaitley says-Problem of low credit offtake continues to drag economy-Recapitalisation plan for PSU banks is comprehensive-Have outlined 4-year plan for PSU banks to tackle NPA issues
RBI Governor Raghuram Rajan says-Bank recapitalisation is a good beginning by the government-Bank recapitalisation amount for the first year is sufficient
Coal India:-July offtake at 40.88 million tonnes versus target of 44.17 million tonnes-July production at 34.83 million tonnes versus target of 36.04 million tonnes
Apollo Hospitals says-Navi Mumbai hospital marks company's fresh entry in Mumbai-Have invested Rs 400 crore in Mumbai hospital; aim to start by 2015-end-Our target is to achieve 10,000 beds by FY16-end-Number of owned beds have increased drastically in last few years-Currently assessing future strategy for managed beds businessAlert: Apollo Hospitals currently has 7,200 owned beds & 2,000 managed beds-Focus will be on increasing operational efficiencies in FY17-Target is to increase bed occupancy to 80 percent from 68 percent in FY17-Increasing bed occupancy to support margin expansion for company-May hive off allied businesses into separate units going forwardAlert: Apollo's allied businesses include daycare centres, sugar clinics & cradles
Nestle MD Suresh Narayanan says-My being an Indian enables certain ease for adaptation here-Looking at the current Maggi noodles issue as a mission & not a job-First mandate is to bring Maggi noodles back in the market-Approach has been to find a solution for way forward-Change in the product mix for Maggi noodles is also being looked at-Nestle has been in India for 100 years, want to continue growing for 100 more-Have started exports of Maggi noodles-Looking to growth in the nutrition & drinks segment-Will intensify inputs to push growth in other segments-Likely to launch new products in the market in long-term-Looking at the current crisis as a way to build the organisation better-Cost elements are well booked-Quality is a pillar on which we sustain our business-Intend to accelerate performance & growth for company-Don’t want any confrontation with government, will always abide by the law
Other stocks and sectors that are in news today:-SPARC gets complete response letter from US FDA for Latanoprost NDA-Jet fuel prices cut by 9.5 percent (Rs 4,860/kl) in Delhi (Jet Airways and SpiceJet in focus)-PTC India Financial divests entire stake in Ind-Barath Energy (Utkal) for Rs 312 crore-GSK Pharma halves price of its Seretide inhaler to take on Cipla: ET-Maruti to produce premium hatchbacks for Suzuki’s global markets: ET-Rajiv Bajaj says he may look towards the scooters as it’s a ‘logical space’ for future growth: BS-Airtel to add 1000 store to bolster 4G position-Nokia to help MTNL expand network-GSK Pharma's Bengaluru facility to be operational by 2017-Oil ministry says production from GSPC fields in KG basin faces delay-PFRDA may allow fund managers to invest 3 percent of corpus in PE: PTI-Alkem Laboratories to raise Rs 1,500-3,500 crore via IPO-Food Corporation gets Rs 13,000 crore as food subsidy from government
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