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Last Updated : Oct 20, 2015 08:56 AM IST | Source: CNBC-TV18

Stocks in news: SREI, Hero, Nestle, Lupin, SKS, HZL, Sasken

SREI Infrastructure | Hero Motocorp | Reliance Power | Nestle | Apollo Hospitals | Tata Communications | Indian Hotels | Lupin | Adani Ports | Sasken Communication | Tinplate | Motilal Oswal| SKS Microfinance | Hindustan Zinc and Rane Brakes 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: ACC, Hero Motocorp, Biocon, Syngene International, MphasiS, Bajaj Finance, Bajaj Finserv, Container Corporation of India, Bayer Cropscience, Federal Bank, Adani Transmission, Can Fin Homes, Dewan Housing, Everest Industries, GM Breweries, BASF India, International Paper APPM, Jyothy Laboratories, Kajaria Ceramics, Ortel Communications, Rane (Madras), Sanofi India,
State Bank of Bikaner and Jaipur, Welspun India, Zee Media Corporation, Zensar Technologies, Adani Transmission

Rane Brakes Q2
-Net profit at Rs 3.9 crore versus Rs 1.7 crore (YoY)
-Total income up 9.3 percent at Rs 109.3 crore versus Rs 100 crore (YoY)


Hindustan Zinc Q2
-Net profit up 4.6 percent at Rs 2,285 crore versus Rs 2,183.5 crore (YoY)
-Total income up 6.1 percent at Rs 4,033 crore versus Rs 3,802.4 crore (YoY)
-EBITDA up 8.2 percent at Rs 2,164 crore versus Rs 1,999.6 crore (YoY)
-EBITDA margin at 53.7 percent versus 52.6 percent (YoY)
Hindustan Zinc says
-Q2 mined metal production up 13 percent at 240 kt
-Ramp up of Kayad mine progressing well, expected to achieve 1 mt production capacity by year-end
-Q2 integrated zinc metal production increased by 22 percent to 211 kt YoY

Blue Star Info Q2
-Consolidated net profit down 15.1 percent at Rs 6.2 crore versus Rs 7.3 crore (QoQ)
-Consolidated total income at Rs 74.2 crore versus Rs 74.3 crore (QoQ)

Sasken Communication Q2
-Consolidated net profit up 7.1 percent at Rs 10.5 crore versus Rs 9.8 crore (QoQ)
-Consolidated net sales up 16.9 percent at Rs 127.8 crore versus Rs 109.3 crore (QoQ)

Tinplate Q2
-Net profit up 43.5 percent at Rs 21.1 crore versus Rs 14.7 crore (YoY)
-Total income down 9.3 percent at Rs 228.6 crore versus Rs 252.1 crore (YoY)

Gati Q2
-Net profit down 15.9 percent at Rs 5.8 crore versus Rs 6.9 crore (YoY)
-Total income down 1.9 percent at Rs 404.9 crore versus Rs 411.8 crore (YoY)

Motilal Oswal Financial Services Q2
-Consolidated net profit up 33.1 percent at Rs 43.4 crore versus Rs 32.6 crore (YoY)
-Consolidated total income up 46 percent at Rs 259.1 crore versus Rs 177.5 crore (YoY)

SKS Microfinance Q2
-Net profit up 37.4 percent at Rs 77.9 crore versus Rs 56.7 crore (YoY)
-Total income up 53.2 percent at Rs 291.3 crore versus Rs 190.1 crore (YoY)
-Other income at Rs 33 crore versus Rs 10.9 crore (YoY)
-Loan disbursements up 57 percent at Rs 2,665 crore (YoY)

ATC-Viom deal: Sources
-American Tower Corp to acquire Telecom Tower, Viom Networks
-51 percent stake in a multi-tier transaction at enterprise value of Rs 20,000 crore
-SREI (Kanorias) to sell 18.5 percent to ATC; Oman & GIC Singapore to exit
-Oman Fund, GIC Singapore & IDFC Private Equity together hold 12 percent stake in Viom
-Macquarie may not sell its 13 percent stake in Viom Networks
-Kanorias may get small management control for Rs 16,500 crore deal
-Deal like to be largest FDI since Modi government took over
-Credit Suisse, Luthra legal firm & Kotak advisors to the deal

PM Narendra Modi says
-The main aim of IDFC Bank is to venture out to the villages
-Have never fully understood the potential of villages
-Villages can be great growth centres
-Banking sector is seeing changes; mobile banking is coming up

FIPB says
-Approves 4 FDI proposals
-Alkem Labs' proposal did not need FIPB nod
-Approves FDI proposal of Lupin
-Rejects Reliance Globalcom's FDI proposal

Resonance Eduventures to file DRHP for IPO in the next 3 months: Sources
Alert: Resonance Eduventures runs coaching centres for medical & engineering aspirants
-Resonance Eduventures plans to raise Rs 700 crore via IPO
-Valuation of Resonance Eduventures at about Rs 2,500 crore
-Resonance Eduventures IPO to consist of fresh issue & offer for sale from PEs
Alert: CLSA Capital Partners & Quadria Capital to part exit Resonance Eduventures via IPO
-Edelweiss & Citibank Bankers to Resonance Eduventures’ issue
-Resonance Eduventures had revenues of Rs 400 crore & profit of Rs 100 crore in FY15
-Resonance Eduventures to utilise IPO proceeds for future expansion
Alert: Resonance Eduventures has 78 centres in 35 cities
-Resonance Eduventures says do not wish to comment on IPO plans

Insurance Regulatory and Development Authority of India issues guidelines on FDI in insurance firms
IRDAI says
-Total foreign investment in Indian insurance companies cannot exceed 49 percent
-Direct & indirect foreign investment cannot exceed 49 percent
-Indian promoter/investor to nominate majority of board directors
-Majority of directors, excluding independent directors must be nominated by Indian investors
-Foreign investors nominating key management persons must be approved by board of directors
-Guidelines also applicable to intermediaries

InterGlobe Aviation IPO
-Promoter Gangwal family reduces OFS shares by 3.2 million
-Promoters to offer 22.82 million shares as part of OFS versus 26.11 million
-IPO size reduced by Rs 230-250 crore
-Rakesh Gangwal, Shobha Gangwal & Chinkerpoo Trust reduce OFS shares
Alert: Gangwal family move to maintain stake at par with Rahul Bhatia

Nestle in focus
-Karnataka & Gujarat governments revoke ban on Nestle's Maggi noodles
Karnataka Health Minister UT Khader says
-Will withdraw ban on Maggi noodles
-Upto Nestle on when to start production
-Lifting ban on Maggi as no clarity from FSSAI & centre on Maggi noodles
Goa FDA says
-Awaiting clarity from FSSAI on ban order on Maggi noodles
-No independent ban on Maggi noodles imposed by state authorities
UP FDA says
-FSSAI needs to notify stance on Maggi noodles
-State authorities awaiting notification from FSSAI w.r.t. Maggi noodles
-Did not extend state ban on Maggi noodles after central ban

Other stocks and sectors that are in news today:
-Nestle’s advertising volumes to double as company readies for re-launch of noodles: ET
-Adani Ports signs MoU with IPGA (India Pulses & Grains Association) to handle pulses at its ports
-Reliance Power’s abandoned Tilaiya UMPP may be auctioned afresh: ET
-Apollo Health (subsidiary of Apollo Hospitals) hires Spark Cap to manage 25 percent stake sale: ET
-Tata Communications to recalibrate investments to improve product and solutions: ET
-RBI signs MoU on ‘supervisory cooperation & exchange of supervisory info’ with Central Bank of UAE
-Department of Telecommunications may conduct special audit of telecom companies from 2008 onwards: PTI
-Indian Hotels: Board approves merger of arm International Hotel Management Services LLC with company
-BSE revises circuit filter in 13 stocks w.e.f October 20
-Government raises basic customs duty on wheat from 10 percent to 25 percent

India Union Budget 2019: What does Finance Minister Nirmala Sitharaman have up her sleeve? Click here for top and latest Budget news, views and analyses.
First Published on Oct 20, 2015 08:14 am
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