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Last Updated : Oct 27, 2015 09:59 AM IST | Source: CNBC-TV18

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

Maruti Suzuki | Vedanta | Lupin | Axis Bank | Bharti Airtel | Nestle India | DEN Networks | Maxwell Industries | NIIT Technologies | Aditya Birla Nuvo | Mphasis | Crompton Greaves | REC | Raymond | Blue Star | Emkay Global | Hitachi Home | ENIL | Advanta and State Bank of Mysore 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: Axis Bank, Lupin, Maruti Suzuki, Vedanta, TVS Motor, Thermax, Tata Communications, Ceat, Dish TV, Alembic Pharma, Strides Arcolab, Mahindra Holidays, Coromandel International, KPR Mill, Nucleus Software Exports, PI Industries, Trident, Shasun Pharma, Bharat Bijlee, Arshiya, IZMO, JK Agri Genetics, kirloskar pneumatic, Manugraph India, Murudeshwar Ceramics, Navin Fluorine, Supreme Petrochem, Tips Industries

Interglobe Aviation IPO (parent company of Indigo)
-Issue opens today
-Issue closes on October 29
-Price band Rs 700-765 per share
-IPO size Rs 2882-3031 crore
-Company raised Rs 832 crore from 43 anchor investors at upper end of price band


Navneet Education Q2
-Net profit at Rs 10.5 crore versus Rs 11.9 crore (YoY)
-Total income at Rs 117.4 crore versus Rs 147.8 crore (YoY)

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)

-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 November
Nestle 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

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First Published on Oct 27, 2015 08:20 am
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