Stocks in news: Maruti, Nestle, NIIT Tech, DEN, Blue Star

State Bank of Mysore Q2-Net profit up 29.5 percent at Rs 132 crore versus Rs 102 crore (YoY)-NII up 2.5 percent at Rs 526 crore versus Rs 514 crore (YoY)-Gross NPA at 4.19 percent versus 4.21 percent (QoQ)-Net NPA at 2.22 percent versus 2.10 percent (QoQ)-Gross NPA at Rs 2,175.8 crore versus Rs 2,213.6 crore (QoQ)-Net NPA at Rs 1,128 crore versus Rs 1,076.6 crore (QoQ)-Provisions at Rs 116.4 crore versus Rs 131.9 crore (QoQ); versus Rs 216.6 crore (YoY)-Provision coverage ratio as on September 30 at 71.54 percent

Advanta Q2-Consolidated net profit at Rs 44.6 crore versus Rs 18.9 crore (YoY)-Consolidated total income at Rs 308 crore versus Rs 381.3 crore (YoY)

ENIL Q2-Consolidated net profit up 15.9 percent at Rs 27 crore versus Rs 23.3 crore (YoY)-Consolidated revenue up 11.7 percent at Rs 116.3 crore versus Rs 104.1 crore (YoY)-Consolidated EBITDA up 14 percent at Rs 36 crore versus Rs 31 crore (YoY)-Consolidated EBITDA margin at 30.7 percent versus 30.1 percent (YoY)

Rane Engine Q2-Net loss at Rs 12.5 crore versus loss of Rs 0.3 crore (YoY)-Total income up 27 percent at Rs 87.6 crore versus Rs 69 crore (YoY)

Blue Star Q2-Net loss at Rs 5.8 crore versus profit of Rs 9 crore (YoY)-Total income up 11.6 percent at Rs 716.7 crore versus Rs 642.2 crore (YoY)-Blue Star says exceptional loss of Rs 15.8 crore due to voluntary retirement scheme costs

Emkay Global Q2-Consolidated net profit up 64.3 percent at Rs 4.6 crore versus Rs 2.8 crore (QoQ)-Consolidated total income down 0.7 percent at Rs 28.1 crore versus Rs 28.3 crore (QoQ)

Hitachi Home Q2-Net loss at Rs 10.7 crore versus profit of Rs 9.1 crore (YoY)-Total income at Rs 250.6 crore versus Rs 253.7 crore (YoY)

Aptech Q2-Consolidated net profit at Rs 2.7 crore versus Rs 4.9 crore (YoY)-Consolidated total income at Rs 36.8 crore versus Rs 44.2 crore (YoY)

Bharti Airtel says (in concall)-Trying our best to resolve call drops issue-Agreement with Orange will maximise shareholder value-Have divested towers in 7 African countries-Will look at fresh opportunities to divest tower assets in 4 lapsed nations-Africa tower lease agreement to impact EBITDA negatively by 1.5 percent-Africa tower sales will positively benefit bottomline-Data revenue in India continues to see double digit growth QoQ-Data average revenue per user up 29 percent YoY-Africa business has shown early sign of revenue growth-Amortisation cost is up due to 3G & 4G launch-Currency depreciation in Africa was at 6.6 percent in USD terms-Africa margins in constant currency at 20.3 percent-Forex loss at Rs 810 crore, up 2.7x YoY-Exceptional gain of Rs 1,000 crore due to tower sales in Q2-Capex spend at USD 1.4 billion in H1FY16-Would be happy to spend USD 200-400 million on capex if we can pull if off-Will look to plug in any spectrum gaps

Finance Minister Arun Jaitley says-Talks on hiking FDI in media are on-On track to bring down corporate tax rate to 25 percent-Efforts on to strengthen banks-Service sector development is also needed along with agri development-Industry to benefit from lower rates-Aim to have a reasonable tax structure

Nestle says plan to resume sales of Maggi Noodles in India in NovemberNestle to CNBC-TV18-Have resumed manufacturing of Maggi noodles at 3 plants in India-Manufacturing Maggi noodles at Nanjangud, Moga & Bicholim plants-Fresh samples from newly manufactured batches to be sent for testing to labs-Shall commence sale only after the samples are cleared by 3 laboratories-Engaging with relevant state officials & stakeholders at other manufacturing locations

Raymond says-Chhindwara plant workmen have gone on strike due to unlawful bonus demands-Strike by Chhindwara plant workmen declared illegal by labour authorities-Management is in talks with workers, trying to resolve the situation-Strike at Chhindwara plant not to impact availability of finished products

Other stocks and sectors that are in news today:-REC to raise Rs 700 crore via tax free bonds-Crompton Greaves to sell company’s power system business in Canada To PTI Holdings Corp for enterprise value Of USD 20 million-RBI says FIIs/RFPIs can now invest up to 74 percent in DEN Networks-Mphasis says Friedrich Froeschl resigns as non-executive chairman & independent director-Maxwell Industries to allot 30 lakh shares to promoters on conversion of same number of warrants-NIIT Technologies signs long-term strategic agreement with FlyDubai-Aditya Birla Nuvo says Gujarat High Court approves scheme of arrangement between company, Madura Garments & Pantaloons Fashion-IL&FS Engineering says SAT stays SEBI order imposing Rs 59 crore penalty on company for insider trading