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Last Updated : Nov 18, 2015 11:08 AM IST | Source: CNBC-TV18

Stocks in news: Pipavav, Eros, Jet, SpiceJet, InterGlobe

Maruti Suzuki | Reliance Capital | Reliance Power | Ashok Leyland | Pipavav Defence | Dishman Pharma | Persistent Systems | Eros International | Jet Airways | SpiceJet | Interglobe Aviation and United Spirits are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Supreme Court admits pleas for United Spirits stake sale, posts hearing in April: FE
-Diageo, United Spirits had filed petitions

SC to next hear adjournment of 4G auctions till April, on January 12
Government says
-4G cases are different from 2G matter
-In 4G, spectrum & licences were not bundled together
-4G matter needs to be heard at length
Supreme Court says
-4G auction matter needs to be deliberated upon

Maruti Suzuki Chairman RC Bhargava says
-Retail demand in October was very good
-Festive sales this year definitely better than last year
-November sales are looking reasonably good
-New Baleno has been very well accepted by the market
-Waiting period of two months seen in new Baleno
-Base effect will impact sales growth in H2
-Will still manage to clock in 12 percent volume growth in H2FY16
-Over 10 percent growth expected for the full year FY16
-Will be hard to get back to 20 percent volume growth soon
-Do not have manufacturing capacity for 20 percent growth
-Not offering discounts on any of the new models
-Unutilized capacity still high in the market
-Discounts will continue in the system for old models at Rs 19,000 levels
-e-voting through postal ballot begun for Gujarat plant
-No change in the scheme of arrangement for the plant


Competition Commission of India says
-Penalty on airlines for concerted action in fixing fuel surcharge
-Penalty on Jet Airways at Rs 151.69 crore, Rs 63.74 crore on IndiGo & Rs 42.48 crore on SpiceJet

Jet Airways says
-Airline is not in contravention of The Competition Act
-Will pursue all available legal steps to defend its position

InterGlobe Aviation (IndiGo) says
-Studying CCI order; will take legal steps to challenge the order
-Company is not in contravention of provisions of Competition Act, 2002

Gammon India says
-To transfer Civil EPC business to subsidiary Gammon Retail Infra
-Evaluating proposals for potential investors for civil EPC business

7th pay commission to submit report to FM on November 19: Government sources
-Recommended pay hike by pay commission may be within fiscal limits
-Government indicates to pay commission limited fiscal room for pay hike
Alert: Government to pay arrears from January 2016 on pay commission recommendation
-Pay commission report may be made public after submission to FM
-Government to decide on pay commission recommendations in 2-3 months

Railway Ministry
-Increases minimum chargeable fare from Rs 5 to Rs 10 for non suburban services
-Increases fare for non suburban services to make it at par with platform ticket charges
-Increase in fare for non suburban services will be effective from November 20

Eros International Plc Q2
-Revenue up 98 percent at USD 98.8 million versus USD 49.9 million (YoY)
-Adjusted EBITDA up 159.5 percent at USD 36 million versus USD 13.9 million (YoY)
-Net income up 154.7 percent at USD 11 million versus USD 4.3 million (YoY)
-Currency comparable revenue up 129.6 percent (YoY)

Eros Plc Group CEO Jyoti Deshpande says
-Company suffering from malicious attacks by coordinated short sellers
-Regional films & small budget films form large part of distributed bouquet
-Release of regional films & small films not captured by various websites
-Q3 looks impressive due to impending release of ‘Bajirao Mastani’

Other stocks and sectors that are in news today:
-Reliance Capital arm to launch fund in South Korea: ToI
-Reliance Power, offtakers agree on terms of Tilaiya exit
-Nissan – Ashok Leyland JV approaches Bureau of Industrial & Financial Regulations (BIFR)
-Health ministry plans to revamp guideline for approval of biosimilars: ET (Biocon, Dr Reddy’s in focus)
-RBI says FIIs/RFPIs can now invest up to 12 percent, NRIs/PIOs up to 2 percent in Pipavav Defence
-Dishman Pharma says have not received any warning from US FDA on Clovis issue
-Government to meet today to review prices & availability of essential commodities
-Persistent Systems partners with Akumina, strengthening partner ecosystem for digital transformation
-MRPL says expect to operate fire-hit 100,000 bpd crude unit at full rate from Saturday
-Dr Reddy's completes Fondaparinux intellectual property purchase

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First Published on Nov 18, 2015 08:19 am
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