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Last Updated : Sep 16, 2015 08:47 AM IST | Source: CNBC-TV18

Stocks in news: Sun Pharma, DLF, Orchid Chem, Cairn, Natco

Tata Motors | Sun Pharma | DLF | Orchid Chemicals | IOC | Cairn India | Vedanta | Tech Mahindra | Arvind Infrastructure | Biocon | Natco Pharma | Bharati Shipyard and Brooks Labs are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Fund Action
Star Ferro & Cement
-Sheetij Agarwal bought 5 lakh shares at Rs 135.5/share
-Subham Capital sold 5 lakh shares at Rs 135.5/share
Lycos Internet
-Quant Capital Holdings bought 25 lakh shares at Rs 24.61/share

Edelweiss calls for debt aggregation for Bharati Shipyard
-Edelweiss ARC has taken over 70 percent of company's loans


Brooks Labs says will appeal before SAT against SEBI’s order
Alert: SEBI barred company, 3 directors & 2 former officials from market for 5 years

Inox Leisure to CNBC-TV18
-Opened 100th multiplex 2 weeks ago
-Will continue to expand organically & inorganically
-Have 389 screens as of today; opening 3 screens every month
-Have started M&As in the cinema industry; will keep looking for more acquisitions
-All acquisitions have been made at right valuations
-Need to focus on India before going overseas
-Plan to open 40 to 50 screens in current financial year

Marks & Spencer says
-Indian business seeing healthy growth; Q3 an important quarter
-India is one of the most important markets for the company
-Have a strong line-up of winter products
-Opened 12 stores in India in FY15
-Expect to open more stores this financial year

ONGC CMD D K Sarraf says
-Have fared well despite challenging trends in the market
-Have notified three new discoveries in FY16 so far
-Domestic crude oil production stood at 25.94 million tonnes

Coal Ministry says
-To open e-auction window exclusively for non- power sector for 4 million tonnes coal
-Non-power sector companies having tapering linkage can participate in e-auction
-No justification to continue supply of 4 million tonnes under MoU beyond September 30

Natco Pharma
-Sets issue price for QIP at Rs 2,130.55/share
-QIP issue price at 5 percent discount to floor price of Rs 2,242.68/share
-To allot 16 lakh shares to QIBs, to raise up to Rs 341 crore

United Spirits says
-Have received a letter from serious fraud investigation office (SFIO) w.r.t. investigation into Kingfisher Airlines
-SFIO noted company had conducted inquiry wherein possible fund diversions were identified
-SFIO requested some information from company w.r.t. the inquiry
-Cooperating with the authorities in providing the required information

-DLF Mall Of India is 93 percent leased
-Have held onto the remaining 7 percent for new brands
-Looking at opening the multiplex by October-end, will be operational by mid November
-Work on a revenue share model across categories
-Mall in Chanakya Puri is underway, to be operational by April 2016
-Total cost of Mall Of India at Rs 1,700 crore, Chanakya Puri Mall at Rs 300 crore
-Residential space going through sluggish market scenario
-Office portfolio is doing well; expect a growth in rentals over last fiscal

Aviation Minister Gajapathi Raju says
-Discussed excessive airfares with the airline CEOs
-May meet airlines again in next 10 days
-Don't want to regulate fares as of now
-Have asked airline CEOs to get back to ministry with a plan
-Fares in most sectors reasonable & within a bracket
-Wanted to know about airfares not capturing the fall in aviation turbine fuel (ATF) prices

SpiceJet Chairman Ajay Singh says
-Discussed a lot of issues of aviation sector with aviation minister
-Simulating aviation traffic through different schemes
-High air fares not a reality
-Passing on benefit of low ATF fuel prices to consumers

AirAsia India CEO Mittu Chandilya says
-Pricing & bilaterals were key highlights of the discussion

-Inaugurates world class devices facility & introduces Basalog One
-Collaborates with Becton Dickinson to customise design of Basalog One

Government completes 2nd phase of gas e-auction for stranded gas-based power plants
Government says
-13.5 mmscmd of imported RLNG auctioned for stranded gas-based power projects
Alert: 29 plants were eligible to participate in the auction process held today
-13 stranded gas-based plants with installed capacity of 8262.08 MW won gas supply
-Plants to generate 11.03 bn units of electricity with 13.5 mmscmd gas
-Power will be supplied at or below Rs 4.70 per unit to discoms
-Supply from gas e-auction will be for October 1, 2015 to March 31, 2016
-Will support subsidy of Rs 1,590.09 crore from power system development fund
-Generation from these gas plants to improve power availability in southern grid
-2nd phase has offered increased gas to more number of plants at a higher plant load factor (PLF)

Government may increase import duty on edible oil in a week: Sources
-Meeting at finance ministry today to discuss increase in edible oil import duty
-Government may increase import duty on crude edible oil to 15 percent from 7.5 percent
-Government may increase import duty on refined edible oil to 25 percent from 15 percent

Other stocks and sectors that are in news today:
-Arvind Infrastructure: Circuit filter revised to 5 percent from 10 percent
-Sun Pharma to acquire US eye care company InSite Vision
-HC reserves order on NovartisCipla Patent dispute: ET
-Tata Sons frontrunner for GE Capital’s stake in SBI Cards: BS
-Orchid Chemicals planning to convert rupee loans worth Rs 1,500 crore into foreign currency to save on interest: BS
-IOC lines up investments worth Rs 1.7 lakh crore over 7 years
-SC dismisses ONGC pleas to reconsider arbitration venue: FE
-NSE & BSE approve merger of Cairn India with Vedanta
-Tech Mahindra announces Telco-360 (a salesforce fullforce solution for the communications industry)
-SEBI seeks greater disclosure in debt public issues of NBFCs
-Deutsche Bank downgrades Tata Motors to hold; target price cut to Rs 375/share
-Sadbhav Infrastructure lists today; issue price at Rs 103/share

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First Published on Sep 16, 2015 08:22 am
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