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Last Updated : Feb 04, 2014 10:36 AM IST | Source: CNBC-TV18

Stocks in news: Sterling Holidays, Power Grid, Tata Chem

Tech Mahindra | Jubilant Foodworks | Prestige Estates | Wheels India | Tata Chemicals | Future Lifestyle | P&G | Divis Labs | JP Power | JP Infra | Power Grid Corporation | Engineers India | Thomas Cook | Sterling Holidays | NCC and Novartis India 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: Tech Mahindra, Prestige Estates, Power Finance Corporation, Jubilant Foodworks, Bharat Forge, Cummins India, BEML, Whirlpool, TBZ, Talwalkar, Suven Life, State Bank of Bikaner & Jaipur

Spectrum auction end of day 1
-Government to get Rs 13,202 crore
-1,800 MHz: Demand seen in Gujarat
-1,800 MHz: Bidding for all blocks yet to pick up in 21 circles
-1,800 MHz: Bihar price 8 percent higher, Himachal Pradesh 20 percent higher
-1,800 MHz: Uttar Pradesh (East) 3 percent Higher, Uttar Pradesh (West) 7 percent higher
-1,800 MHz: West Bengal and J&K 2 percent higher each
-900 MHz: Delhi price 19.1 percent higher than reserve price
-900 MHz: Kolkata price 38.5 percent higher than reserve price
-900 MHz: Mumbai price 44.3 percent higher than reserve price
-900 MHz: Mumbai has excess demand of 5 MHz
-900 MHz: Kolkata has deficit of 1 MHz


Department of Telecom says
-Four rounds of spectrum auction already completed
-Bids have been received in all 22 circles in 1800MHz band
-Bids have been received in all 3 services areas in 900 MHz band

Choksey & Choksey report findings on NSEL case
Sources on e-Series audit:
-Audit points to preference given to Sahara and Jaiprakash Associates
-Sahara Q Gold mart redeemed 100 kg gold before SEBI order
-Jaiprakash Associates had redeemed 1,000 kg of silver
-No evidence w.r.t. supervisor functioning on e-Series products
-Indicates failure of governance by board of directors
-Actual value of stock lying in warehouses is Rs 452 crore
-NSEL regularly extended loans to Indian Bullion Market Association (IBMA)
-IBMA availed temporary loans from NSEL for physical commodities
-Physical commodities were converted into e-series

January auto sales:
-Tata Motors JLR India sales at 246 units versus 236 units (YoY)
-Hero MotoCorp total sales at 5.61 lakh units versus 5.25 lakh units (MoM)

Essar group vs I-T Department:
-Essar moves Bombay HC for relief in transfer pricing case
Alert: Essar Power, Essar Projects, Equinox Tech parties to tax case
Alert: Essar case similar to Vodafone and Shell tax case
-I-T Department says shares undervalued at the time of issuance
-Dispute resolution panel had passed an order against Essar

Essar says:
-Transfer pricing officer has no jurisdiction
-Capital account deals can be taxed only in case of specific law
-Seeking to restrain the Assessing Officer (AO) from passing the final order
-Transfer pricing additions an industry issue, not a company specific
-Like always have complied with regulation in tax case too

Delhi Government
-Asks regulator for steps to ensure uninterrupted power
-To suspend power companies' licences if supply disrupted
-To clear power companies' subsidy, adjust dues by February 15

Delhi government says
-Delhi Electricity Regulatory Commission (DERC) to take care of distribution companies (discom) financials by giving adequate tariffs
-BSES discoms alleging inadequate funds to pay NTPC
-NTPC says no power supply post February 10 if discoms don't pay
-Power supply disruption may lead to Licence Revocation (EA 2003)

Discom sources say
-Delhi government refuses to offer solution to clear dues to NTPC
-Delhi government expects extensive blackouts over Delhi from next week
-Delhi government to be liable for dues aggregating Rs 15,000 to NTPC
-Delhi liable to power suppliers if BSES licences cancelled
-Delhi liable to banks if BSES licences cancelled

Kotak Mahindra Bank
-Ups rates on some deposits by up to 25 bps, w.e.f Thursday
-Ups rates on deposits less than Rs 1 crore

Novartis AG:
-Plans to move existing operations in Hyderabad to a biz services center as part of consolidation strategy
-New center to open between late 2015 & early 2016
-New centre will consolidate company's operations currently spread across 3 sites in Hyderabad, to provide for future growth too
-Expect group headcount to stay largely flat in 2014
-Expect equal number of jobs to be created, as are reduced
-Hyderabad site currently employs 2,300 associates
-Expect increase in employees in Hyderabad site over time
-Hyderabad site support development of innovative therapies as part of global operations
-Consolidation to free up, prioritize & reallocate resources needed for planned prod launches & growth areas in 2014
-Consolidation to increase business flexibility, efficiency

Government says
-PSU February 1-15 subsidised fuel revenue loss at Rs 446 crore per day
-PSUs' February 1-15 revenue loss on retail diesel Rs 7.39/litre
-PSU oil companies' February revenue loss on LPG Rs 655.96/Cylinder
-PSU oil companies' February revenue loss on kerosene Rs 35.77/Litre
-PSUs' April-December subsidised fuel revenue loss at Rs 1.01 lakh crore

Other stocks and sectors that are in news today:
-RBI says FIIs can buy up to 30 percent shares of Power Grid Corporation
-Empowered group of ministers likely to decide on Engineers India FPO date and price band today
-Financial Technologies to mull interim dividend on February 14
-SEBI withdraws plea in SC on Fresenius Kabi delisting
-Gillette India appoints BS Mehta as chairman
-Thomas Cook looking to acquire Sterling Holidays at 36 percent premium: ET
-Sembcorp to acquire 45 percent in NCC Power for Rs 848 crore: Reports

-Crompton Greaves ex-dividend Rs 0.40/share
-Muthoot Finance ex-dividend Rs 2/share

JP Infra Q3
-Net profit at Rs 101.2 crore versus Rs 155 crore (YoY)
-Net sales at Rs 988 crore versus Rs 933 crore (YoY)
-EBITDA at Rs 357 crore versus Rs 422 crore (YoY)
-EBITDA margin at 36.1 percent versus 45.3 percent (YoY)

JP Power Q3
-Net loss at Rs 153 crore versus Rs 98 crore loss (YoY)
-Total income at Rs 492.4 crore versus Rs 427 crore (YoY)
-EBITDA at Rs 276 crore versus Rs 268 crore (YoY)
-Operating margin at 56.1 percent versus 62.7 percent (YoY)

Divis Labs Q3
-Net profit at Rs 219 crore versus Rs 144.2 crore (YoY)
-Net sales at Rs 687.4 crore versus Rs 533.3 crore (YoY)
-EBITDA at Rs 286 crore versus Rs 181 crore (YoY)
-EBITDA margin at 41.6 percent versus 34 percent (YoY)

P&G Q2
-Net profit at Rs 76.6 crore versus Rs 54 crore (YoY)
-Net sales at Rs 570.6 crore versus Rs 470.6 crore (YoY)

Future Lifestyle Q3
-Net sales at Rs 658.6 crore versus Rs 690 crore (QoQ)
-Net profit at Rs 93.4 crore versus Rs 108.9 crore (QoQ)
Alert: No operating business in company during Q3FY13

Tata Chemicals Q3
-Consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore (YoY)
-Consolidated total income at Rs 4580.4 crore versus Rs 4164.6 crore (YoY)

Chambal Fertiliser Q3
-Net profit at Rs 90.3 crore versus Rs 96 crore (YoY)
-Net sales at Rs 2,359.2 crore versus Rs 2,088.6 crore (YoY)
-EBITDA at Rs 233 crore versus Rs 210 crore (YoY)
-EBITDA margin at 9.9 percent versus 10 percent (YoY)

Wheels India Q3
-Net profit at Rs 4.1 crore versus Rs 9 crore (YoY)
-Net sales at Rs 386.5 crore versus Rs 403.8 crore (YoY)

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First Published on Feb 4, 2014 08:35 am
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