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Last Updated : Sep 02, 2015 09:25 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, Hero, Opto Circuits, Info Edge

Tata Motors | Hero Motocorp | TVS Motor | Opto Circuits | Coal India | DLF | Petronet LNG | Info Edge | Cipla | Punj Lloyd | Edelweiss Financial and Bharati Shipyard are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Infosys Concall: CFO Rajiv Bansal says
-Rupee depreciation should impact margins positively by 0.6 percent
-Volatility in Australian currency impacting the business
-Win rates & new investments will help achieve 30 percent margins by 2020
-Must grow by 12-15 percent for 4-6 quarters to achieve targetted margin
CEO Vishal Sikka says
-Pricing pressure may continue
-Panaya acquisitions gave productivity gains of 30-40 percent
-Aikido is about augmenting existing existing service lines
-Trying to bring innovation into every into every project
-Win rates in large deals doubled compared to a year ago
-Focussing largely on top clients
-Confident of meeting 10-12 percent growth rate for current year
-Aspire to employ 2.5 lakh employees by 2020
-Launched a 'Zero Bench' initiative
-Have trained 48,000 people for design thinking
-See tremendous organic growth in mobility & big data

Prabhat Dairy IPO
-Extended till September 4
-Price band revised to Rs 115-126 from Rs 140-147 per share


Tata Motors
-Canada pension fund, Singapore’s GIC eye minority stake in Tata Technologies
-Tata Motors owns 70 percent stake in Tata Technologies: ToI

Edelweiss Financial arm takes control of Bharati Shipyard
-Edelweiss’s ARC arm acquires 70 percent of Rs 8,500 crore outstanding loan to Bharati Shipyard: ET

August Auto Sales: TVS Motor
-Total sales up 0.9 percent at 2.27 lakh units versus 2.25 lakh units (YoY)
-2-wheeler sales up 0.7 percent at 2.17 lakh units versus 2.15 lakh units (YoY)
-3-wheeler sales up 11 percent at 10,872 units versus 9,820 units (YoY)
Tata Motors
-Total sales down 0.5 percent at 40,680 units (YoY)
-Passenger vehicle sales up 2 percent at 11,194 units (YoY)
-Commercial vehicle sales down 4 percent at 24,284 units (YoY)
-Medium and heavy commercial vehicle sales up 31 percent at 12,017 units (YoY)
-Light commercial vehicle sales down 25 percent at 12,267 units (YoY)
-Exports up 16 percent at 5,202 units (YoY)
Hero Motocorp
-Total sales down 14 percent at 4.8 lakh units versus 5.58 Lakh Units (YoY)
Steel Strips Wheels
-August total rim sales up 4 percent at 11.14 lakh units versus 11.59 lakh units (YoY)

-Seeks clarifications from 4 companies on IPO plans
-Seeks clarifications from Alkem Labs, Infibeam w.r.t IPO plans: PTI

-Seeks comments on draft guidelines on computation of base rate
-Releases draft norms on transmission of policy rates to banks’ lending rates
-Move aimed at better transmission of rate cuts by banks
-Wants banks to move to marginal cost of funds based determination of base rate

RBI says
-Banks have to adopt new norms on base rate calculation by April 1, 2016
-Banks to submit roadmap w.r.t new methodology within 2 months of circular

Punj Lloyd
-Plans to expand Gwalior manufacturing facility
-Plans to invest up to Rs 2,000 crore to expand Gwalior unit: PTI

-Appoints Umang Vohra & Prabir Jha to its management team
-Appoints Umang Vohra as global chief financial & strategy officer
-Appoints Prabir Jha as global chief people officer

Coal India
-August offtake at 40.62 million tonnes (MT) versus target of 40.50 MT
-August production at 36.21 MT versus target of 37.65 MT

DLF Home Developers & GIC form JV for 2 projects in Delhi
DLF says
-Both projects will be developed under DLF Home Developers
-GIC will invest Rs 1,990 crore in 2 projects to be developed in Delhi
-JV to benefit from GIC's experience of investing in integrated projects

Other stocks and sectors that are in news today:
-Max Life looks to sell 22 percent to PE Firm: ET
-Tata Group exits management of Taj Palace Hotel, Dubai
-DLF gets shareholder’s nod to raise Rs 7500 crore
-Petronet LNG to raise Rs 1000 crore via bonds
-Bank of Maharashtra to raise up to Rs 394 crore via issue of preferential shares to government
-RBI approves increase in FII investment limit up to 50 percent in Info Edge
-Opto Circuits defers its GDR issue due to current market conditions

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First Published on Sep 2, 2015 08:23 am
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