Here are stocks that are in news today:
Results today: Maruti Suzuki India, Dr Reddy's Laboratories, Zee Entertainment, ACC, Ambuja Cements, TVS Motor, United Spirits, IDFC Bank, IDFC, Ajanta Pharma, Bajaj Finance (earnings + bonus and stock split board meet), Bajaj Finserv, Bharti Infratel, Firstsource Solutions, Symphony, Tata Elxsi, Karur Vysya Bank, NIIT, Mahindra Cie Automotive, PI Industries, State Bank Of Travancore, Swaraj Engines, Welspun India, Astec Lifesciences, Coromandel International, Cosmo Films, Elecon Engineering Company, Goa Carbon, Indian Metals & Ferro Alloys, Ingersoll Rand India, LG Balakrishnan, Ponni Sugars (Erode), Prime Securities, Shakti Pumps India, V-Guard Industries, Vinyl Chemicals India, Visaka Industries, Wendt India
Canara Bank Q1-Net profit down 52.2 percent at Rs 229 crore versus Rs 479 crore (YoY)-NII down 8.3 percent at Rs 2,307.4 crore versus Rs 2,516.6 crore (YoY)-Gross NPA at 9.71 percent versus 9.4 percent (QoQ)-Net NPA at 6.69 percent versus 6.42 percent (QoQ)-Gross NPA up 2.2 percent at Rs 32,334 crore versus Rs 31,638 crore (QoQ)-Net NPA up 3.2 percent at Rs 21,494 crore versus Rs 20,833 crore (QoQ)-Provisions at Rs 1,493 crore versus Rs 6,331.5 crore (QoQ) versus Rs 1,360 crore (YoY)-Provision coverage ratio at 50.82 percent as on June 30, 2016-Required provision for UDAY scheme at Rs 417.7 crore as On June 30, 2016
Eimco Elecon Q1-Net profit up 33.3 percent at Rs 2 crore versus Rs 1.5 crore (YoY)-Total income up 21.7 percent at Rs 33.6 crore versus Rs 27.6 crore (YoY)-EBITDA down 36.4 percent at Rs 1.4 crore versus Rs 2.2 crore (YoY)-EBITDA margin at 4.2 percent versus 8 percent (YoY)-Other income at Rs 2.7 crore versus Rs 1.5 crore (YoY)
KG Denim Q1-Net profit at Rs 9.3 crore versus Rs 1.6 crore (YoY)-Total income down 3.3 percent at Rs 154.4 crore versus Rs 159.4 crore (YoY)-EBITDA up 47.8 percent at Rs 23.5 crore versus Rs 15.9 crore (YoY)-EBITDA margin at 15.2 percent versus 10 percent (YoY)
Himalya International Q1-Net loss at Rs 0.4 crore versus loss of Rs 3.5 crore (YoY)-Total income up 15.1 percent at Rs 28.9 crore versus Rs 25.1 crore (YoY)-EBITDA up 52.2 percent at Rs 7 crore versus Rs 4.6 crore (YoY)-EBITDA margin at 24.2 percent versus 18.3 percent (YoY)
JK Paper Q1-Net profit up 82.6 percent at Rs 26.6 crore versus Rs 14.6 crore (YoY)-Total income up 3.6 percent at Rs 606.5 crore versus Rs 585.3 crore (YoY)-EBITDA up 13 percent at Rs 113.3 crore versus Rs 100.25 crore-EBITDA margin at 18.7 percent versus 17.1 percent (YoY)
Merck Apr-Jun Qtr-Net profit up 5.9 percent at Rs 17.9 crore versus Rs 16.9 crore (YoY)-Total income up 4.2 percent at Rs 257.7 crore versus Rs 247.3 crore (YoY)-EBITDA up 0.4 percent at Rs 26.5 crore versus Rs 26.4 crore (YoY)-EBITDA margin at 10.3 percent versus 10.7 percent (YoY)-Other income up 29.4 percent at Rs 6.6 crore versus Rs 5.1 crore (YoY)
Rane Engine Q1-Net loss at Rs 2.6 crore versus profit of Rs 15.1 crore (YoY)-Total income up 6.3 percent at Rs 92.3 crore versus Rs 86.8 crore (YoY)-EBITDA at Rs 6.2 crore versus Rs 3 crore (YoY)-EBITDA margin at 6.7 percent versus 3.5 percent (YoY)
Axis Bank says-Slippages from watchlist is going according to plan-Expect H1FY16 watchlist slippages to be maximum-Maintain that 60 percent of the watchlist will slip into non-performing assets (NPAs)-Have non-fund based exposure worth Rs 2,600 crore-Unlikely to see further worsening of asset quality in Q2-Need to see how the operating environment is to predict slippages
Government revises request for proposal for Specified Undertaking of Unit Trust of India (SUUTI) stake sale-Divides SUUTI holdings in 3 buckets to avoid bankers' conflict of interest-Group A of SUUTI Holdings to consist of L&T, ITC & Axis Bank shares-Group B of SUUTI Holdings to consist of 8 unlisted companies-Group C of SUUTI Holdings to consist of 40 listed companies-SUUTI seeks to appoint 3 bankers for assisting/advising on sale
Telecom Commission-Maintains its stance on spectrum usage charge (SUC) recommendations submitted to cabinet-Proposes additional floor of 3 percent annual spectrum charge-Telecom Regulatory Authority of India's proposal of 3 percent uniform SUC is an aspirational rate-Floor price to move towards uniform price-To seek cabinet approval on SUC next week
Other stocks and sectors that are in news today:-Berger Paints bonus shares to start trading today-Lloyds Metals and Energy stock split from Rs 2 to Re 1 per share-Tribhovandas Bhimji Zaveri - CRISIL downgrades long term rating from CRISIL A- to CRISIL BBB+-MOIL - MP government approves lease of 76.4 hectare land for mining in Bharveli Awlajhari-RBI levies penalty of Rs 3 crore on PNB-RBI imposes penalty of Rs 2 crore on HDFC Bank for KYC/AML norm lapse-Enforecement Directorate summons 5 Financial Technologies board members in NSEL case-Tata Motors board meeting on July 28 to consider 4th series of non-convertible debentures (NCDs) worth Rs 400 crore-Manappuram Finance proposed NCDs worth Rs 100 crore with green shoe option of Rs 50 crore-GAIL in talks with Russia’s Gazprom to delay and redo the gas purchase deal-Sintex Industries board meeting on July 28 to consider rights issue and NCDs worth Rs 1,000 crore-Capital First approved NCDs worth Rs 25 crore plus green shoe option of Rs 25 crore-Sobha completes buyback of 1.79 percent equity at Rs 330/share aggregating to around Rs 58 crore-Opto Circuits to consider increase in share capital and further issue of shares-Central Bank of India board approves raising additional capital upto Rs 1,297 crore by issuing equity shares on a preferential basis-SPARC's conference call on August 4 to discuss about NCE and NDDS-Sunil Hitech board meeting on August 10 to consider – stock split, increase share capital, allot convertible preference shares, allotment of equity to qualified institutional buyers-PNC Infratech receives Rs 233 crore public works department road project in UP-Nava Bharat Ventures - Maamba Collieries (subsidiary) synchronized 1st 150MW of 300MW power plant with the Zambian grid-Sundaram Multipap to raise funds up to Rs 15 crore by issuing equity or debentures by way of qualified institutional placement-IndiaNivesh Securities to demerge from IndiaNivesh Wealth Management-Texmaco Rail signs MoU with “ROSOBORONEXPORT”, state agency for Russian defence-Arihant Superstructures - Bombay HC approves amalgamation of Adeshwar Realty with itself-Karur Vysya Bank opening branches at Venkatapalem-Remi Edelstahl Tubulars board meeting on August 2 to consider – issue of 10 lakh shares on preferential basis and issue of 4 lakh 6 percent non cumulative preference shares
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