Stocks in news: Maruti, Tech Mah, Just Dial, Torrent Pharma

Here are stocks that are in news today:

Results today: HDFC, Maruti Suzuki, Punjab National Bank, Dish TV, Thermax, IDBI Bank, Bank of India, Union Bank of India, Syndicate Bank, Blue Star, Tata Communications, Dalmia Bharat, Mahindra Holidays, PI Industries, Pidilite Industries, Shriram City Union, SpiceJet

Bank of India puts on hold funds to rated builders and companies till September end-Moves aimed at saving capital and checking bad loans: ET

International Paper says-Rajahmundry unit resumes operations after completion of annual maintenance-AP Pollution Control Board revokes closure order issued to Rajahmundry unit

Government receives tepid response in round 3 of coal mines auctionGovernment says-Of 10 coal mines put up for auction, bids received for 9 mines-10 coal mines were identified for the non-regulated sector-Minimum 3 participants required in the technical round-Bidders for technical round received only for 6 coal mines

Divestment secretary Aradhana Johri says-Power Finance Corporation (PFC) offer for sale (OFS) was subscribed 233 percent-PFC offer for sale was the first under new system-Received bids worth Rs 3,747 crore for PFC share sale-To select merchant bankers for future stake sales in coming weeks-Trying for CPSE ETF 'as fast as possible'-FII sentiment is impacted by P-note scare-FM has clarified stance on P-note; no need for panic-There is a lot of hope about India-It is a difficult & volatile market-Government would not add more companies to existing ETF-There is retail appetite for government issues-FY16 divestment target is an ambitious target-Have fast-tracked divestment process; will get more cabinet proposals-Will try our best to meet FY16 divestment target-Institutional bids for PFC stake sale were higher than cut-off

Electrosteel Steels-JLF gives in-principle approval to invoke strategic debt restructuringBanks are working on a corrective action plan for Electrosteel Steels: Sources-JLF to submit report on Electrosteel Steels’ revival plan in next 90 days-Banks likely to take over Electrosteel Steels & bring in new investors-Electrosteel Steels’ lenders currently in talks with 2 investors-One investor currently doing due diligence on Electrosteel Steels-Electrosteel Steels to remain standard account for next 18 months as per RBI rulesAlert: Banks approved strategic debt restructuring plan for Electrosteel Steels today

Select panel on Real Estate Bill adopts report: Sources-Real Estate Bill select panel's report to be tabled in Rajya Sabha this week

Cognizant gives out annual increments across the board: Sources-Cognizant increments at 2.5-3 percent for onshore, 6-9 percent for offshore employeesAlert: Cognizant increments in line with industry standards, lower than TCSCognizant to CNBC-TV18-Have announced promotions & salary revisions w.e.f July-Average salary hike for offshore associates in 'high single-digits'-Average salary hike for onshore associates in 'low single-digits'-Salary revisions designed to be market competitive-Increments aligned to award high performers & retain talent

Sanofi India says-Virginie Boucinha steps down as CFO-Virginie Boucinha has taken up a senior position with Sanofi group in France

Tech Mahindra Q1-Standalone net profit up 90.4 percent at Rs 817 crore versus Rs 429 crore (QoQ)-Standalone total income up 5.2 percent at Rs 4,950 crore versus Rs 4,707 crore (QoQ)-Consolidated net profit up 43.2 percent at Rs 676 crore versus Rs 472 crore (QoQ)-Consolidated rupee revenue up 2.9 percent at Rs 6,294 crore versus Rs 6,116.8 crore (QoQ)-Consolidated dollar revenue up 0.5 percent at USD 989 million versus USD 984 million (QoQ)-Consolidated EBIT up 0.8 percent at Rs 762 crore versus Rs 756.37 crore (QoQ)-Consolidated EBIT margin at 12.1 percent versus 12.4 percent (QoQ)-Consolidated other income at Rs 137 crore versus loss of Rs 65 crore (QoQ)

Tech Mahindra says-Added 1 client in USD 20 m+ bracket & 4 clients in USD 10 m+ bracket-Cash & cash equivalents at Rs 3,349.6 crore as on June 30-Total headcount at 1.03 lakh; have added 392 professionals in Q1-Active client count stood at 770 in Q1-Q1 results in line with expectations-Remain hopeful of improving performance by expanding the business-Remain positive on US economy-Uncertainty was seen in Europe business on account of Greek crisis

Tech Mahindra to CNBC-TV18-Taken a strategic decision before acquiring companies on turnaround plan-Softgen to take up to 6-8 months to reflect positively on balance sheet-LCC turnaround in terms of numbers to take up to 2 years-Have seen gradual improvement in efficiency in acquired companies-Will add value & growth capital by synergy of acquisitions-Should be able to increase utilisation to 78 percent from 74 percent in 2 quarters-Working on containing margins over 1-2 year time-frame-Put in place levers to expand margins-Rationalising staff, off-shoring part of strategy to expand margins-Expect growth in communication business

Ambuja Cements Q2-Net profit down 44.6 percent at Rs 226.3 crore versus Rs 408.7 crore (YoY)-Total income down 7.7 percent at Rs 2,510 crore versus Rs 2,720 crore (YoY)-Operating profit down 34.7 percent at Rs 384 crore versus Rs 587.8 crore (YoY)-Operating margin at 15.3 percent versus 21.6 percent (YoY)-Other income at Rs 106 crore versus Rs 138.1 crore (YoY)-Sales volume up 1.6 percent at 5.88 million tonne versus 5.79 million tonne (YoY)-Net sales down 8 percent on back of decrease in selling price by 10 percent

Ambuja Cements board approves merger of arm Dirk India with company w.e.f April 1-Ambuja Cements says mixed macro-economy indicates sluggish growth in cement demand in short-term

Trident Q1-Net profit up 88.9 percent at Rs 61 crore versus Rs 32.3 crore (YoY)-Total income down 3.7 percent at Rs 879.1 crore versus Rs 913.2 crore (YoY)

OCL India Q1-Net profit up 35.2 percent at Rs 48.8 crore versus Rs 36.1 crore (YoY)-Total income up 25.3 percent at Rs 678.6 crore versus Rs 541.7 crore (YoY)

Tourism Finance Corporation Q1-Net profit down 13.7 percent at Rs 16.4 crore versus Rs 19 crore (YoY)-Total income down 6 percent at Rs 47 crore versus Rs 50 crore (YoY)

Subros Q1-Net profit up 21.2 percent at Rs 4 crore versus Rs 3.3 crore (YoY)-Total income up 2.9 percent at Rs 295.2 crore versus Rs 286.9 crore (YoY)

Jagran Prakashan Q1-Consolidated net profit at Rs 180 crore versus Rs 55.1 crore (YoY)-Consolidated total income up 9.3 percent at Rs 481.1 crore versus Rs 440.3 crore (YoY)

Torrent Pharma Q1-Consolidated net profit up 75.4 percent at Rs 449 crore versus Rs 256 crore (YoY)-Consolidated total income up 74.8 percent at Rs 1,947 crore versus Rs 1,114 crore (YoY)-Consolidated EBITDA at Rs 909 crore versus Rs 345 crore (YoY)-Consolidated EBITDA margin at 46.7 percent versus 31 percent (YoY)

Mahindra CIE Q1-Net profit down 49.4 percent at Rs 16.2 crore versus Rs 32 crore (QoQ)-Total income up 0.5 percent at Rs 415.9 crore versus Rs 414 crore (QoQ)

KEC International Q1-Consolidated net profit at Rs 30.4 crore versus Rs 11.4 crore (YoY)-Consolidated total income up 9.1 percent at Rs 1,878 crore versus Rs 1,720.7 crore (YoY)

Just Dial Q1-Net profit up 18.1 percent at Rs 33.2 crore versus Rs 28.1 crore (YoY)-Total income up 24.9 percent at Rs 168.6 crore versus Rs 135 crore (YoY)-EBITDA up 42.4 percent at Rs 48 crore versus Rs 34 crore (YoY)-EBITDA margin at 28.7 percent versus 25.2 percent (YoY)

Other stocks and sectors that are in news today:-Venky’s under FSSAI scanner, scales back supply of poultry products: ToI-ICICI Bank to sell NPAs worth Rs 1000 crore from Tulip Telecom, Falcon to asset reconstruction companies-Bajaj Holdings plans to buy majority stake in Maharashtra Scooters hits Western Maharashtra Development Corp (WMDC) roadblock: FE-SAIL’s special unit at Salem signs MoU with Butterfly Group: BS-Pharma Export Council says EU ban on 700 generic drugs to impact pharma exports worth USD 1.2 billion from India-Supreme Industries board approves raising FIIs/RFPIs limit up to 30 percent-Power Grid board approves investment proposal worth Rs 307.2 crore-Nestle versus FSSAI case update: Bombay High Court to continue hearing the case today-Axis Bank signs USD 200 million bilateral loan with Asian Development Bank-NALCO says Tapan Kumar Chand appointed as chairman-cum-managing director-Coromandel International board elects Uday Chander Khanna as chairman of the board-IFCI cuts its benchmark rate from 12.20 percent to 12 percent p.a. w.e.f. July 27-IT secretary RS Sharma appointed TRAI chairman-Johnson & Johnson, Google joint venture plan gets CCI nod-Government decides to impose 10 percent import duty on wheat: Government sources to Reuters