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Last Updated : Jul 08, 2016 09:38 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, DLF, Guj Gas, Indian Hotels, Ricoh

Tata Motors | DLF | Tata Steel | Gujarat Gas | Sobha | Aurobindo Pharma | Mahindra Holidays | Lupin | Palred Tech | Ricoh India | Astec | Garware Wall Ropes | Indian Hotels | MMTC | GTL Infra Projects | Viji Financehjmun | Vedanta | Hanung Toys | Indo Count and Zee Learn are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Bank of India
-Raises Rs 1,500 crore by issue of Basel-III compliant Tier II bonds
-Bonds bear coupon rate of 8.75 percent per annum
-Bonds rated AA+ by CRISIL

-Cuts marginal cost of funds-based lending rate (MCLR) by 5 bps in some tenors
-Cuts 1-Year MCLR by 5 bps to 9.1 percent; 3-year by 5 bps to 9.25 percent


Tata Steel
-To hold board meet today on UK sale
-Likely to defer asset sale for now

Tata Motors
-JLR posts record H1 sales on robust Europe demand
-JLR sales for H1 up 22 percent with 2.91 lakh units sold
June auto sales
-JLR retail sales up 17 percent at 46,456 versus 39,602 units (YoY)
-Jaguar sales up 84 percent at 13,171 versus 7,155 units (YoY)
-Land Rover sales up 2.6 percent at 33,285 versus 32,447 units (YoY)

Zee Learn Q1FY17: Sharp expansion in margins YoY
-Total income up 17.5 percent at Rs 42 crore
-EBITDA up 58 percent at Rs 12.9 crore
-Margins at 30.7 percent versus 22.9 percent
-Marketing & advertising expenses down 52 percent at Rs 2.2 crore versus Rs 4.7 crore
-Higher other income at Rs 1.7 crore versus Rs 0.6 crore
-PAT up 103 percent at Rs 8.01 crore versus Rs 3.95 crore

Mangalam Organics Q1 YoY
-Total income at Rs 45.6 crore versus Rs 51.9 crore
-EBITDA at Rs 3.8 crore versus loss of Rs 5.5 crore
-Other expenses at Rs 2.3 crore versus Rs 7.4 crore
-PAT at Rs 90 lakh versus loss of Rs 36.9 crore
-Exceptional loss of Rs 28.3 crore by fire
-Will be reversed when insurance claim settles

Hanung Toys
-Application before Board for Industrial and Financial Reconstruction (BIFR) for financial reconstruction has been abated
-Company to appeal against BIFR order in Appellate Authority for Industrial and Financial Reconstruction

Indo Count
-Launches 3 new brands in US market
-US unit signs licensing partnership with Walker Greenbank UK for 3 brands
-Licensing partnership signed for Sanderson, Harlequin & Scion brands

Gujarat Gas
-Gets grant of authorisation for city gas distribution (CGD) network in Anand & Panchmahal
-Gets 300 months of infra exclusivity for each CDG network
-Gets 60 months of marketing exclusivity for each CDG network

Circuit filter revisions
-UB Holdings revised from 20 percent to 10 percent
-Store One Retail revised from 20 percent to 10 percent
-Southern Online Bio Tech revised from 20 percent to 10 percent
-GTL Infrastructure revised from 20 percent to 10 percent

Corporate Actions - Ex-dividend today
-Dewan Housing Rs 2/share
-Abbott India Rs 35/share
-Cairn India Rs 3/share
-Tata Coffee Rs 1.3/share
-MindTree Rs 3/share
-SKF India Rs 15/share

Other stocks and sectors that are in news today:
-Aurobindo Pharma receives US FDA approval for Methenamine Hippurate oral tablets (used to treat and prevent urinary tract infections)
-Piramals, JSW Cement among 3 companies in final shortlist to bid Lafarge's India assets
-DLF shortlists 6 potential buyers for sale of 40 percent stake in rental arm DLF Cyber City Developers
-Sobha gets shareholder nod to issue non-convertible debentures (NCDs) for up to Rs 500 crore
-Aurobindo Pharma, Emcure, Hetero, Laurus, Lupin and Cadila sign Medicines Patent Pool (MPP) drug license deals
-Mahindra Holidays - Caribia Service, Finland a step-down unit has been liquidated from July 4
-Prithvi Softech board has decided not to carry on the NBFC business via subsidiary owned by Palred Tech achieves break even on direct cost basis
-Mutual funds sell entire 2.5 percent stake in Ricoh: BS
-Indian Hotels gets shareholder nod to sell interest in IHMS Boston, owned by United Overseas Holdings
-Astec - ICRA upgrades long term ratings to ICRA A- from ICRA BBB
-Garware Wall Ropes - ICRA upgrades long term ratings to ICRA AA- from ICRA A+
-MMTC to auction gold collected under monetization scheme
-Vedanta to rejig Odisha operations: BS
-GTL Infra Projects, Viji Finance listing on NSE on July 11

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First Published on Jul 8, 2016 08:01 am
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