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Stocks in news: SBI, HDFC, Cipla, Punj Lloyd, MOIL, RComm

SBI | HDFC | Cipla | PNB | BoB | Canara Bank | IDBI Bank | United Bank | Bank of India | Tata Motors | IOC | Reliance Communications | Monnet Ispat | Amara Raja Batteries | Pipavav Defence | Bhushan Steel | Suven Life | Gitanjali | Puravankara | Punj Lloyd | Manappuram Finance | Amtek Auto and JMT Auto are stocks, which are in the news today.

August 17, 2015 / 09:29 AM IST
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Todays L/H

Here are stocks that are in news today:

Government launches PSB revamp plan 'Indradhanush'
Finance Minister Arun Jaitley says
-Last 2-3 years have been challenging for PSU banks
-No cause for panic w.r.t PSU Banks
-Initiatives taken recently have helped fix some problems of PSU banks
-Government has been reviewing the health of PSBs; no cause for panic
-Need to deal with banks & stressed sectors separately
-Highway sector is beginning to see positive movement
-Steel, power, highways, discoms & sugar sectors responsible for banking stress
-Problem of steel sector is external in nature
-Trying to address stress in sugar sector
-Unless states take corrective action banks can't support discoms endlessly
-A banking investment holding company will be set up
-Government to announce details of bank board bureau soon
-Each bank will be monitored on key performance indicators

Banking Secretary Rajiv Mehrishi says
-Have appointed MD & CEO for Bank of Baroda (BoB), Punjab National Bank (PNB), Canara Bank & IDBI Bank
-Rakesh Sharma of Lakshmi Vilas Bank will be new MD & CEO of Canara Bank
-Ravi Venkatesan to be non-executive chairman of BoB
-Bank board bureau to be appointed in six months
-Six more non-executive chairman posts to be filled in 6 months
-Bank board bureau will start functioning in April 2016
-3 members each from government & private sector to be part of bank board bureau
-G Padmanabhan will be non-executive chairman of Bank Of India
-TN Manoharan will be non-executive chairman of Canara Bank
-G Narayanan will be non-executive chairman of Vijaya Bank
-TCV Subramanian will be non-executive chairman of Indian Bank
-Will infuse Rs 2,009 crore into Indian Overseas Bank (IoB) and Rs 1,080 crore into United Bank
-Will infuse Rs 5,531 crore into SBI & Rs 2,255 crore into Bank of India
-Will infuse Rs 1,786 crore into BoB & Rs 1,732 crore into PNB
-Will infuse Rs 394 crore into Bank of Maharashtra & Rs 407 crore into Dena Bank
-Need to develop a vibrant debt market, strengthen asset reconstruction companies (ARCs)
-Will infuse Rs 2,229 crore into IDBI Bank
-Will infuse Rs 947 crore into Canara Bank & Rs 857 crore into Corporation Bank
-Will infuse Rs 378 crore into Andhra Bank & Rs 283 crore into Allahabad Bank
-Other strategic initiatives such as consolidation may also be announced
-Next Gyan Sangam will be held on January 14-16
-Bank holding company will Help PSU banks raise capital
-More flexibility would be given to banks to recruit staff at middle level
-Rs 20,000 crore capital infusion into PSBs will be released in a month

Government announces 7 elements to reform PSU banks
-7 elements include appointments, bank boards, capital, de-stressing
-7 elements include empowerment, framework of accountability & governance reforms

Government says
-PS Jayakumar appointed MD & CEO of Bank Of Baroda
-MO Rego appointed MD & CEO of Bank Of India
-Rakesh Sharma appointed MD & CEO of Canara Bank
-Kishore Kharat PirajiI appointed MD & CEO of IDBI Bank
-Usha Ananthasubramanian appointed MD & CEO of Punjab National Bank
-Ravi Venkatesan appointed non-executive chairman of Bank Of Baroda
-G Padmananbhan appointed non-executive chairman of Bank Of India
-TN Manoharan appointed non-executive chairman of Canara Bank
-G Narayanan appointed non-executive chairman of Vijaya Bank
-TCV Subramainian appointed non-executive chairman of Indian Bank


July auto sales: Tata Motors
-Group global wholesales at 73,535 units versus 76,602 units (MoM)
-JLR global wholesales at 32,568 units versus 34,908 units (MoM)
-Jaguar global wholesales at 6,882 units versus 7,087 units (MoM)
-Land Rover global wholesales at 25,686 units versus 27,821 units (MoM)

Standard Life to increase its stake in HDFC Life to 35 percent
HDFC says
-To sell 17.95 crore of HDFC Life to Standard Life at Rs 95/share (9 percent equity)
-Post stake sale in HDFC Life, company’s holding in HDFC Life will be 61.65 percent
-Post stake sale in HDFC Life, Standard Life to hold 35 percent in HDFC Life

-Cuts petrol prices by Rs 1.27/litre effective midnight
-Cuts diesel prices by Rs 1.17/litre effective midnight

Jet Airways says
-Etihad has no plans to increase stake in company
-Capacity to increase by 10 percent in FY16
-Revenue growth will be in line with capacity growth
-Company’s total debt stands at Rs 11,902 crore
-Not defaulting any payments to banks or vendors

Tata Steel MD TV Narendran says:
-Government should sort out internal challenges such as availability of raw material & import duty
-China produces 825 million tonnes of steel against demand of 725 million tonnes

Allcargo Logistics acquires two additional vessels aggregating 24000 deadweight tonnage
-Acquisitions made for undisclosed sum: BS

Competition Commission of India chairman Ashok Chawla says
-Capping of airfares will violate competition norms; prices must be determined by market forces
-CCI investigating alleged cartelisation among carriers in fixing airfares; probe to take a couple of months
-CCI doing its job without bothering about criticism or perceptions; regulators not in business of popularity contest

Videocon Industries Q2
-Net profit up 3.9 percent at Rs 10.6 crore versus Rs 10.2 crore (YoY)
-Total income down 0.5 percent at Rs 3,119 crore versus Rs 3,135.6 crore (YoY)

Cipla Q1
-Consolidated net profit at Rs 651 crore versus Rs 294.6 crore (YoY)
-Consolidated total income up 41.6 percent at Rs 3,852.8 crore versus Rs 2,720 crore (YoY)
-Consolidated EBITDA up 91.8 percent at Rs 1,039 crore versus Rs 542 crore (YoY)
-Consolidated operating margin at 27 percent versus 19.9 percent (YoY)

Reliance Communications (RComm) Q1
-Consolidated net profit down 22.7 percent at Rs 177 crore versus Rs 228 crore (QoQ)
-Consolidated total income down 3.5 percent at Rs 5,493 crore versus Rs 5,694 crore (QoQ)
-Consolidated EBITDA down 7.1 percent at Rs 1,827 crore versus Rs 1,967 crore (QoQ)
-Consolidated EBITDA margin at 33.3 percent versus 34.5 percent (QoQ)
-Average revenue per user at Rs 140
-Revenue per minute at 44.5 paisa

Essar Shipping Q1
-Consolidated net loss at Rs 115.7 crore versus loss of Rs 140.2 crore (YoY)
-Consolidated total income down 14.2 percent at Rs 425.9 crore versus Rs 496.5 crore (YoY)

Monnet Ispat Q1
-Net loss at Rs 375.3 crore versus profit of Rs 17.4 crore (YoY)
-Total income down 30.2 percent at Rs 624 crore versus Rs 893.7 crore (YoY)

Pipavav Defence Q1
-Net loss at Rs 167.3 crore versus profit of Rs 8 crore (YoY)
-Total income at Rs 107 crore versus Rs 316.5 crore (YoY)

Bhushan Steel Q1
-Net loss at Rs 739 crore versus loss of Rs 141.6 crore (YoY)
-Net sales at Rs 2,982.6 crore versus Rs 2,801.7 crore (YoY)

Opto Circuits Q1
-Consolidated net profit down 8.5 percent at Rs 8.6 crore versus Rs 9.4 crore (YoY)
-Consolidated total income down 19.8 percent at Rs 251.3 crore versus Rs 313.5 crore (YoY)

Suven Life Q1
-Net profit down 41.8 percent at Rs 20.2 crore versus Rs 34.7 crore (YoY)
-Total income down 28.6 percent at Rs 101 crore versus Rs 141.5 crore (YoY)

Tilaknagar Industries Q1
-Consolidated net loss at Rs 45 crore versus profit of Rs 30.8 crore (YoY)
-Consolidated total income down 45.7 percent at Rs 116.3 crore versus Rs 214 crore (YoY)

Gitanjali Gems Q1
-Consolidated net profit at Rs 28 crore versus Rs 10.1 crore (YoY)
-Consolidated total income up 37.2 percent at Rs 2,845 crore versus Rs 2,073 crore (YoY)

GOL Offshore Q1
-Net loss at Rs 5.2 crore versus profit of Rs 3.5 crore (YoY)
-Total income up 56.9 percent at Rs 358.8 crore versus Rs 228.7 crore (YoY)

Amara Raja Q1
-Net profit at Rs 122 crore versus Rs 106 crore (YoY)
-Total income at Rs 1,145 crore versus Rs 1,029 crore (YoY)
-EBITDA at Rs 208 crore versus Rs 176 crore (YoY)
-EBITDA Margin At 18.2 percent versus 17.1 percent (YoY)

Gammon India Q3
-Net loss at Rs 187.5 crore versus loss of Rs 120.3 crore (YoY)
-Net sales down 19.4 percent at Rs 744.2 crore versus Rs 922.8 crore (YoY)

Gayatri Projects Q1
-Net profit at Rs 10.7 crore versus Rs 2.2 crore (YoY)
-Total income up 18.4 percent at Rs 405 crore versus Rs 342.2 crore (YoY)

Vivimed Labs Q1
-Consolidated net profit at Rs 24.2 crore versus Rs 17.1 crore (YoY)
-Consolidated total income at Rs 333 crore versus Rs 367.8 crore (YoY)

Ess Dee Aluminium Q1
-Consolidated net profit up 27.3 percent at Rs 7 crore versus Rs 5.5 crore (YoY)
-Consolidated total income up 1.7 percent at Rs 184.6 crore versus Rs 181.5 crore (YoY)

Puravankara Projects Q1
-Consolidated net profit down 60.1 percent at Rs 23.2 crore versus Rs 58.2 crore (YoY)
-Consolidated total income down 2.7 percent at Rs 449.3 crore versus Rs 461.6 crore (YoY)

-Net loss at Rs 74.9 crore versus loss of Rs 95.5 crore (YoY)
-Total income up 17.6 percent at Rs 590.2 crore versus Rs 501.7 crore (YoY)

Punj Lloyd Q1
-Net loss at Rs 597.8 crore versus loss of Rs 363.9 crore (YoY)
-Total income at Rs 657.3 crore versus Rs 1,113.8 crore (YoY)

-Net loss at Rs 745 crore versus loss of Rs 733.2 crore (YoY)
-Total income down 6.1 percent at Rs 803.6 crore versus Rs 856 crore (YoY)

Liberty Shoes Q1
-Net profit up 3 percent at Rs 3.4 crore versus Rs 3.3 crore (YoY)
-Total income up 7.8 percent at Rs 110 crore versus Rs 102 crore (YoY)

Manappuram Finance Q1
-Consolidated net profit up 34.5 percent at Rs 59.3 crore versus Rs 44.1 crore (YoY)
-Consolidated NII up 24.6 percent at Rs 303 crore versus Rs 243 crore (YoY)

Amtek Auto Q3
-Net loss at Rs 157.6 crore versus profit of Rs 86 crore (YoY)
-Total income down 18.4 percent at Rs 866.3 crore versus Rs 1,064.4 crore (YoY)

JMT Auto Q1
-Net profit down 52.8 percent at Rs 1.7 crore versus Rs 3.6 crore (YoY)
-Total income down 30.8 percent at Rs 84.2 crore versus Rs 121.6 crore (YoY)

Rolta India Q1
-Net profit down 25.8 percent at Rs 166.8 crore versus Rs 224.9 crore (YoY)
-Total income up 11.9 percent at Rs 448.3 crore versus Rs 400.5 crore (YoY)

Other stocks and sectors that are in news today:
-Met Department says monsoon rainfall deficit widens to 10 percent
-Lupin gets US FDA nod for birth control drug Bekyree
-Adani Ports, Kerala to sign Vizhinjam project MoU today
-HUL forays into tea restaurant business, opens tea house in Mumbai
-Birla Corp to acquire Jogobera & Sonadih Cement business from Lafarge for Rs 5,000 crore
-Pantaloon Retail plans capex of Rs 125 crore, to open 35 stores this fiscal
-Government extends deadline for comments on net neutrality to August 20: PTI
-Telecom Department asks telecom companies to file weekly update on call drops
-Government gives environment & forest nods for MOIL’s Nagpur mine
-Infosys Finacle & Payveris partner to bring industry-leading solutions to US community banks & credit unions

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