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Last Updated : Mar 25, 2015 10:20 AM IST | Source: CNBC-TV18

Stocks in news: Sun Pharma, Deccan Gold, Century Tex, SAIL

Sun Pharma | Ranbaxy Labs | Idea Cellular | Deccan Gold Mines | PNB | UltraTech Cement | Century Textiles | Godrej Properties | SAIL | NTPC | Tata Teleservices | Glenmark Pharma | Monnet Ispat | Ortel Communications and Essar Oil are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

-Succession – Vikram Oberoi, son of PRS Oberoi elevated to MD & CEO
-Arjun Oberoi is now managing director (development)

Ingersoll Rand
-Company to spend CSR money through PPP model: BL
-Company plans to spend Rs 2.5 crore in FY16 for CSR


Tata Capital
-Company aims 20-30 percent growth in retail book next year: DNA
-Retail book currently stands at Rs 16000 crore

Essar Oil
-Company has offered a strategic stake of 50 percent minus 1 share in Essar Oil to Rosneft, Russia: ET
-Company expects valuation at Rs 48,000 crore (USD 7-8 billion)

Fund Action
Motilal Oswal Financial Services
-HDFC MF-HDFC Equity Fund sells 18.10 lakh shares at Rs 289/share
-Morgan Stanley Investment Management Inc A/C Morgan Stanley buys 13.63 lakh shares at Rs 289/share
Ahmednagar Forgings
-Amtek Auto sells 18 lakh shares at Rs 215.4/share (promoter)
-W LD Investment Pvt Ltd buys 17.99 lakh shares at Rs 215.4/share
CARE Ratings
-Swiss Finance Corporation (Mauritius) sells 4.81 lakh shares at Rs 1491/share
-CLSA Global Markets Pte buys 4.81 lakh shares at Rs 1491/share
Gujarat Apollo
-Sharda Anilkumar Patel buys 1 lakh shares at Rs 124/share (all promoter)
-Asit Anilkumar Patel HUF buys 1 lakh shares at Rs 124/share
-Ajitkumar Tribhovandas Patel sells 1 lakh shares at Rs 124/share
-Swati Ajitkumar Patel sells 1 lakh shares at Rs 124/share

Textile compaines in focus
-Textile Industry to miss USD 45 billion export target this fiscal: FE
-Exports expected to reach USD 41 billion due to slowdown in China

Corporate Action
-HDFC dividend - Rs 2.00/share
-Sundaram-Clayton dividend - Rs 4.00/share

-Allots Sitanala coal block in Jharkhand to SAIL
-Allots Talaipali, Kerandari, Chatti Bariatu, Chatti Bariatu South, & Dulanga coal blocks to NTPC

Coal secretary Anil Swarup says
-Government allots 38 coal mines to central & state PSUs
-India’s coal imports may fall to about 160 million tonne in 2015-16
-India’s coal imports to jump 19 percent to 200 million tonne in 2014-15

Ortel Communications
-Board to meet on March 31 to consider approving unsecured loan
-Board to meet on March 31 to consider approving finance lease from CISCO

Monnet Ispat says
-At preliminary stage of discussion to sell part stake in Monnet Power
-No material development to warrant any disclosure at this stage

Glenmark Pharma
-Moves Supreme Court against Delhi High Court injunction
Alert: Delhi High Court had restrained Glenmark from selling, manufacturing anti-diabetes drug Zeta, Zeta-Met
-Supreme Court to hear Glenmark's plea on March 25

Spectrum Auction
-Government receives bids worth Rs 1.09 lakh crore at the end of day 18
-About 89 percent of spectrum provisionally allocated to bidders
-110 rounds of bidding completed at the end of day 18
-6 rounds of bidding completed today
-Bidding is taking place in all bands
-Auction in 2100, 1800, 900 and 800 MHz bands continues
-Brisk bidding seen today, with activity requirement set at 100 percent
-Majority of service areas going at a premium over reserve price
-Bidding to recommence tomorrow, expect competitive bidding to continue

Tata Sons says
-RBI rejects its application to buyback TTSL shares from Docomo
-Company applied to buyback shares at price above current fair value
-RBI conveyed TTSL price not in conformity with extant FEMA regulations
-RBI advised TTSL shares should be bought back current fair value
-To resolve the issue in the arbitration with Docomo
-Can't comment further as the matter is sub-judice

Godrej Properties
-Adds new residential project in Kolkata to its portfolio
-Kolkata residential project will have saleable area of 3 million square feet

GMR Infrastructure says
-Arm GMR Airports in agreement to acquire 10 percent stake in DIAL from Malaysia Airports
-GMR Airports to acquire 10 percent equity stake in DIAL for USD 79 million
-Post acquiring 10 percent stake, GMR Airports will hold 64 percent stake in DIAL

Other stocks and sectors that are in news today:
-SBI sees credit growth at 15 percent in FY16: DNA
-Coal India production target for FY16 to be fixed at 550 million tonne
-PNB raises Rs 1,800 crore from bonds to fund infra projects: PTI
-UltraTech Cement is looking at a share-swap proposal to merge the cement division of Century Textiles with it at a valuation of Rs 10,500 crore: BS
-Coal, Power Minister Piyush Goyal says have not indulged in any kind of favouritism in coal block allocation
-Sun Pharma says merger of Ranbaxy with company has been consummated
-RBI says FIIs can invest up to 24 percent in Deccan Gold Mines
-TRAI issues recommendations on reserve prices for auction of FM radio in new cities
-SEBI bars Goldmine Food Products from mobilising funds from investors
-Idea Cellular launches 3G services in Delhi in 900 MHz spectrum
-Godrej Properties announces township project in Pune spread across 43 acres
-Udaipur Cement floor price for sale of 14.18 percent equity in company at Rs 10/share
-Ipca Labs receives US FDA import alert for Pithampur and Silvassa units

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First Published on Mar 25, 2015 08:27 am
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