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Last Updated : Jul 04, 2016 11:02 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, Indian Hotels, SBI, Alkem, FDC

SBI | Tata Motors | Hero MotoCorp | Jaiprakash Associates | Indraprastha Gas | Future Consumer Enterprise | Bajaj Electricals | MPS | Solar Industries | GeeCee Ventures | Snowman Logistics | Trigyn | Jubilant Industries | Bosch | Indian Hotels | MTNL | TVS Motor and Thomas Cook are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Quess Corp IPO (subsidiary of Thomas Cook)
-Oversubscribed 144.5 times
-Qualified institutional investors' portion subscribed 59.03 times
-Non-institutional investors 392.21 times
-Retail investors 34.08 times

June auto sales
Tata Motors US sales
-JLR US sales up 44.2 percent at 8,448 units versus 5,860 units (YoY)
-Jaguar US sales up 125.4 percent at 2,743 units versus 1,217 units (YoY)
-Land Rover US sales up 22.9 percent at 5,705 units versus 4,643 units (YoY)
Tata Motors India sales
-Total sales up 8 percent at 44,276 units versus 40,869 units (YoY)
-Total domestic sales up 8 percent at 38,673 units (YoY)
-Exports up 11 percent at 5,603 units versus 5,046 units (YoY)
-Light commercial vehicle sales up 14 percent at 16,017 units (YoY)
-Medium & heavy commercial vehicle sales down 11 percent at 10,147 units (YoY)
-Passenger vehicle sales up 37 percent at 11,705 units versus 8,516 units (YoY)
-Hatchback sales grew by over 100 percent due to strong demand for Tiago
Hero MotoCorp
-Total sales up 1.3 percent at 5.49 lakh units versus 5.42 lakh units (YoY)
TVS Motor
-Total sales up 11 percent at 2.47 lakh units versus 2.22 lakh units (YoY)
-Exports down 9.1 percent at 39,112 units versus 43,025 units (YoY)
-Total two-wheeler sales up 13.8 percent at 2.40 lakh units versus 2.11 lakh units (YoY)
-Three-wheeler sales down 35.8 percent at 7,128 units versus 11,097 units (YoY)
SML Isuzu
-Sales up 2 percent at 1560 units YoY


Fertiliser companies
-Government decides to reduce prices of key fertilisers
-Diammoniaum Phosphate prices (DAP) cut by Rs 2000 per tonne
-Muriate of potash (MoP), nitrogen phosphate prices cut by Rs 4000 per tonne

Cement sector
-5 final contenders for Lafarge;s India operations to submit bids today
-JSW Cement with Bain and CVC to take on Piramals and Nirma, Cemex, Anhui Conch

-Prices reduced by 10-15 percent across products for July-September quarter
-Electrolytic manganese dioxide (EMD) prices unchanged for July-September quarter

Castex Technologies, Standard Chartered
-Hedge funds move UK court against Castex, Stanchart over share dealing: ET
-Suit alleges bank passed useless shares onto the hedge funds

Trigyn Technologies
-Company says unit's IT & communication contract with United Nations extended by 1 year
-Board meeting on July 9 to approve scheme of capital reduction

-USFDA inspected Waluj Facility on July 1 with 2 minor observations
-Company receives establishment inspection report from USFDA for Baddi facility

Speciality Restaurants
-Opens Hoppipola outlet in Hyderabad
-Closes Mainland China outlet in Gurgaon & Chennai

Corporate actions - Ex-dividend
-Ultratech Cement Rs 9.5/share
-JSW Steel Rs 7.5/share
-eClerx Services Re 1/share
-Radico Khaitan 80 paise/share
-Tata Sponge Rs 10/share

-Sells 5 percent stake in NSE for Rs 911 crore to Mauritius-based Veracity Investments
-Post transaction, SBI holds 5.19 percent stake in NSE, unit SBICAPS holds 4.33 percent
Alert: Mauritius-based Veracity Investments a part of ChrysCapital
Alert: SBI, ChrysCapital deal values NSE at over Rs 18,200 crore

-Gets income tax refund amounting to Rs 112.95 crore for year 2000-01
-Tax refund includes Rs 52.35 crore towards interest on refund

Coal India
-June production at 42.72 million tonnes (MT) versus target of 43.31 MT
-June offtake at 44.96 MT versus target of 47.52 MT

Adani Transmission
-Signed agreement with GMR Energy to acquire 74 percent stake in Maru Transmission
-Company has option to acquire 100 percent stake in Maru Transmission
-Cost of acquisition at Rs 44.66 crore (100 percent stake valued at Rs 60.35 crore)

Indian Hotels
-Overseas unit sells 5.1 percent stake in Belmond worth USD 49.57 million
-Post sale, unit Samsara Properties to hold 0.44 percent in Belmond

-Board approves buyback of 8.78 lakh shares at Rs 23,000/share (value Rs 2,019.7 crore)
-Board notes intention of promoter, ‘Robert Bosch GmbH’ to participate in buyback

Jubilant Industries says
-Unit Jubilant Agri & Consumer Products discontinues operations in Kapasan, Rajasthan
-Kapasan unit is an unlisted subsidiary of company
-Manufacturing operations temporarily suspended due to unfavourable market conditions
-Revenue contributed by unit in FY16 was Rs 4 crore, net worth Rs 50.43 crore

-Keeps prices of fines for July 2016 unchanged: Sources
-Cuts lumps price by Rs 90/tonne
-Cuts direct reduced calibrated lumps ore (DRCLO) prices by Rs 110/tonne

Other stocks and sectors are in news today:
-Alkem Labs receives tentative US FDA nod for Olmesartan medoxomil tablets (Used to treat high blood pressure/hypertension)
-Adani plans USD 1.5 billion copper smelter to boost solar ambitions: Reuters’ sources
-Wockhardt has given corporate guarantee to secure USD 250 million term loan for Wockhardt Bio AG
-Snowman Logistics to invest approximately Rs 17 crore in new project at Krishnapatnam
-Camlin Fine board approves issue price of Rs 85.40/share for QIP issue
-Bombay HC approves amalgamation of GeeCee Logistics with GeeCee Ventures
-Solar Industries gets shareholder nod for sub-division of shares
-Indraprastha Gas announces 25 paise per kg hike in CNG price in New Delhi
-Jaiprakash Associates board to meet on July 4 to review progress of divestment plans
-IFC to invest Rs 134 crore in Future Consumer Enterprise
-Bajaj Electricals launches new range of kitchen appliances
-MPS completes acquisition of digital platform company Magplus
-Future Group, Aditya Birla Fashion in race to bid for Jabong
-Tata Steel may halt UK plant auction after Brexit
-TVS Motor drags Bajaj Auto to HC over disparaging advertisements: ToI
-Expert government panel defers green clearance to NTPC's Rs 18,000 crore plant in Madhya Pradesh
-Sanofi, Boehringer Ingelheim seek Competition Commission of India nod for Asset swap
-ITC to add 7 boutiques of luxury chocolate brand Fabelle
-IL&FS Investment Managers to raise USD 500 million infra fund
-Muthoot Finance - CRISIL upgrades long term debt rating from AA-/stable to AA/stable
-Phillips Carbon Black - CRISIL upgrades Rs 250 crore commerical papers from A1 to A1+
-Manappuram Finance - CRISIL upgrades long term debt to AA-/stable from A+/stable
-Indiabulls Housing Finance - CARE revises rating to AAA from AA+
-Nirvikara Paper successfully installs duplex board with the annual capacity of 63000 million tonnes
-Bombay HC directs sale of 6 vessels of GOL Offshore to settle DVB's debt (USD 33 million due)
-Ashapura Intimates Fashion opens EBO in Siliguri, West Bengal
-Lloyd Electric & Engineering to explore strategic and financial alternatives to enhance shareholders value
-Shree Cement received 5 Star rating from Whitehopleman (UK benchmarking company)

First Published on Jul 4, 2016 08:01 am