Here are stocks that are in news today:
Results today: Balaji Telefilm, Bata India, BEML, Borosil Glass, Godawari Power, Hathway Cable, Indo Count, Navkar Corp, RCL Foods, Shilpa Medicare, SpiceJet, Tide Water Oil, Uflex, Waterbase
Suven Life Q2-Net profit up 5.2 percent at Rs 26.5 crore versus Rs 25.2 crore (YoY)-Total income down 1.2 percent at Rs 115.5 crore versus Rs 116.9 crore (YoY)-EBITDA up 18.1 percent at Rs 36.8 crore versus Rs 31.2 crore (YoY)-EBITDA margin at 31.9 percent versus 26.7 percent (YoY)Boardroom-CRAMS (contract research and manufacturing services) is a lumpy business-Growth in Q2 profit better due to the product mix-EBITDA margin could improve by couple of percentage points
RS Software-Cancels ‘restrictive’ deal with VISA-More than 90 percent of revenue comes from VISA
Adani Power-Adani Group aims to build 1,500MW of solar plans in Australia-The estimated cost is at USD 148 million
Other stocks and sectors that are in news today:-SBI fixes price at Rs 269.59 per share for issue of 21 crore shares to government on preferential basis-Sterlite Technologies - CRISIL upgrades long term rating from A+ to AA- and short term rating from A1 to A1+-Indo Tech Transformers - India Ratings & Research affirmed long term rating of BBB- and short term rating of A3-Union Bank Of India issued non-convertible debentures (NCDs) worth Rs 750 crore-Jagran Prakashan approved IPO of subsidiary – Music Broadcast worth Rs 400 crore-UltraTech Cement proposal to issue NCDs worth Rs 250 crore-Prism Cement board meeting on November 30 to consider issue of NCDs-Pennar Industries invested further Rs 49.5 crore in Pennar Renewables-Talwalkars approved demerger of gym business from Talkwalkars Better Value Fitness to Talkwalkars Lifestyle-Vardhman Textiles approves buyback worth Rs 720 crore at maximum price of Rs 1175 per share-GMR likely to revise plan for IGI mall space auction-Piramal Enterprises in focus - Piramal fund management has sanctioned Rs 360 crore for realty firm Ozone Group-JSW Group plans to make electric cars-BNP Paribas completes acquisition of Sharekhan (IDFC owns Sharekhan)-Videocon Industries may exit insurance JV with US Liberty Mutual
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