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Last Updated : May 08, 2015 10:19 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, Rel Infra, Hero, Talwalkars

Hero Motocorp | SPARC | SAIL | Titan Company | Mahindra and Mahindra | L&T | Reliance Power | Tata Motors | Jindal Steel | Reliance Infrastructure | Pipavav Defence | Piramal Enterprises | Goodyear India | United Bank | Talwalkars | Ador Welding | GE Shipping and Patel Engineering are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Results today: Hindustan Unilever, PNB, Eicher Motors, Allahabad Bank, Ajanta Pharma, Indian Overseas Bank, Gillette, Kansai Nerolac, Kirloskar Oil Engines, Magma Fincorp, Orient Cement, RSWM, SML Isuzu, Sundaram Clayton, Tourism Finance Corporation of India


Reliance Power
-Moves Delhi court over Tilaiya UMPP
-Seeks stay on encashment of Rs 800 crore bank guarantee: BS

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Patel Engineering
-Company sanctioned additional term loans of Rs 1700 crore
-Has been given enhanced working capital limits of Rs 805 crore: FE


SKS Microfinance
-Issues commercial papers worth Rs 60 crore
-Aggregate commercial paper outstanding as on date is Rs 500 crore


Blue Dart Q4
-Net profit up 13 percent at Rs 34.7 crore versus Rs 30.7 crore (YoY)
-Total income up 13.4 percent at Rs 571 crore versus Rs 503.5 crore (YoY)


GE Shipping Q4
-Consolidated net profit at Rs 137 crore versus Rs 66.8 crore (YoY)
-Consolidated total income up 10.7 percent at Rs 884.2 crore versus Rs 798.8 crore (YoY)


BASF India Q4
-Net loss of Rs 59.3 crore versus profit of Rs 6.6 crore (YoY)
-Total income at Rs 1,072.3 crore versus Rs 1,068.7 crore (YoY)


Ador Welding Q4
-Net profit at Rs 8.7 crore versus loss of Rs 4.9 crore (YoY)
-Total income up 10.6 percent at Rs 136.2 crore versus Rs 123.2 crore (YoY)
-Exceptional loss at Rs 0.9 crore versus Rs 14.8 crore (YoY)
Ador Welding
-Suspends manufacturing activities at Chennai plant
-Employees of Chennai plant will be relocated to Silvassa & Raipur plants


Titan Q4
-Net profit up 4.2 percent at Rs 215.1 crore versus Rs 206.4 crore (YoY)
-Total income down 11 percent at Rs 2,496.2 crore versus Rs 2,803.4 crore (YoY)
-EBITDA down 9.1 percent at Rs 270 crore versus Rs 297 crore (YoY)
-Operating margin at 10.8 percent versus 10.6 percent (YoY)


Talwalkars Q4
-Net profit up 18.8 percent at Rs 16.9 crore versus Rs 14.2 crore (YoY)
-Total income up 23 percent at Rs 64 crore versus Rs 52 crore (YoY)


United Bank Q4
-Net profit at Rs 104.5 crore versus Rs 469 crore (YoY)
-Gross NPA at 9.49 percent versus 12.03 percent (QoQ)
-Net NPA at 6.22 percent versus 8.5 percent (QoQ)
-NII at Rs 711 crore versus Rs 698.35 crore (YoY)
-Provisions at Rs 676.1 crore versus Rs 520.4 crore (QoQ)
-United Bank provision coverage ratio at 58.5 percent as on March 31
-United Bank Of India Q4 net interest margin at 2.6 percent


Piramal Enterprises Q4
-Consolidated net profit at Rs 95.4 crore versus loss of Rs 311.3 crore (YoY)
-Consolidated total income at Rs 1,297.5 crore versus Rs 1,121.4 crore (YoY)
-Consolidated EBITDA at Rs 194 crore versus Rs 71 crore (YoY)
-Consolidated operating margin at 14.9 percent versus 6.3 percent (YoY)
-Piramal Enterprises to pay dividend of Rs 20/share


Vesuvius Q4
-Net profit at Rs 15.6 crore versus Rs 15.9 crore (YoY)
-Total income at Rs 165 crore versus Rs 155 crore (YoY)


Goodyear India Q4
-Net profit down 44.5 percent at Rs 15.6 crore versus Rs 28.1 crore (YoY)
-Total income down 29.2 percent at Rs 275 crore versus Rs 388.5 crore (YoY)


Merck Q4
-Net profit at Rs 9.6 crore versus Rs 3.6 crore (YoY)
-Total income up 2.6 percent at Rs 198.8 crore versus Rs 193.7 crore (YoY)


MIRC Electronics Q4
-Net profit at Rs 5.4 crore versus loss of Rs 6.6 crore (YoY)
-Total income at Rs 243.8 crore versus Rs 310.7 crore (YoY)


Hero MotoCorp Q4
-Net profit down 14 percent at Rs 476.5 crore versus Rs 554.4 crore (YoY)
-Total income up 4.3 percent at Rs 6,794 crore versus Rs 6,513 crore (YoY)
-EBITDA at Rs 839 crore
-Operating margin at 12.3 percent
-One time loss of Rs 155 crore
-Hero MotoCorp recommends dividend of Rs 30/share


Hero MotoCorp says
-Higher advertising expenses have resulted in fall in margins
-Advertising expenses will continue to be high for next couple of years
-Expect total volumes of company to be 12 million units by 2020
-10 percent of total volume expected by 2020 will be contributed by exports
-Expect export volumes of 1.2 million by 2020
-Advertising spends as a percent of revenue gone up to 2.45 percent versus 2 percent earlier
-Advertising spends higher as company plans to enter into 50 new markets by 2019
-Margin erosion on account of not passing on 4 percent excise duty hike on all products
-Investment of Rs 3,000 crore planned for FY16 & FY17
-Not planning to enter any new market in FY16
-Industry has been sluggish due to rural economy slowdown
-Poor crop realisation & moderating wages in rural markets
-Remain cautiously optimistic in the near to medium term
-Expect H2FY16 rural demand to be better than H1FY16
-Bangladesh market saw sales drop of 25-30 percent due to political instability
-To set up US subsidiary for research, development & marketing for two-wheeler vehicles


Red Fort Capital to sell its 62.5 percent stake in Exora Business Park JV with Prestige: Sources
Alert: Exora Business Park is located in Bangalore
-Red Fort Capital invites bids, seeks Rs 800-950 crore valuation for its stake
-Firms Like Ascendas, Xander, Blackstone submit bids for Exora Business Park
-Canada Pension Plan Investment Board has also submitted bid
-Red Fort Capital exiting JV with Prestige as normal course of business
-Red Fort, Prestige earn approximately Rs 125 crore annually as rentals from Exora
Alert: Red Fort Capital declined to comment


CCI approves Reliance Defence & Pipavav Defence deal
Alert: Reliance Defence is a subsidiary of Reliance Infrastructure
-Reliance Defence will acquire 25.1 percent stake in Pipavav Defence


Jindal Steel says
-Mines in question are being operated by Coal India
-Bid aggressively as power plant is adjacent to coal block
-Transport cost of mined coal encouraged other bidders to drop out
-Government not alleging cartelisation
-No cogent reasons offered for cancellation of block
-Coal block case: Government to respond to JSPL plea on May 25
Alert: JSPL was the successful bidder for Gare Palma IV/2 & 3, Tara blocks


MoS Parliament Affairs says
-Lok Sabha extended till May 13
Alert: Budget session of parliament was scheduled to end on May 8
-Several bills likely to be taken up during the extended Lok Sabha session
-Land Bill part of the listed agenda of extended Lok Sabha session


RBI
-Eases rules for asset reconstruction companies (ARC) in debt revamp cases
-Allows ARCs to hold longer maturity securities in stressed company cases


Yamaha launches mass-market scooter 'Fascino'
-Fascino launched at Rs 52,500 Ex-Delhi
-Fascino powered by 113 cc engine, fuel efficiency at 66km/litre


Tata Motors raised Rs 9,040 crore via rights issue
Tata Motors says
-Rights issue offer ended on May 2
-Share issue was oversubscribed by 1.21x


April auto sales: Tata Motors JLR UK sales
-JLR sales up 20 percent at 6,700 units versus 5,590 units (YoY)
-Jaguar sales down 5 percent at 1,151 units versus 1,209 units (YoY)
-Land Rover sales up 27 percent at 5,549 units versus 4,381 units (YoY)


RBI releases framework for dealing with loan frauds
RBI says
-Rising trend in loan related frauds in financial sector is a matter of concern
-Early detection important to reduce quantum of loan loss


Finance Minister Arun Jaitley says
-No conflict of interest between RBI & Government
-Missing GST launch date aim won't send correct signal to investors
-MAT issue should have been resolved in 2012
-Committee under law commission head AP Shah to take up legacy tax cases
-Further representations on MAT referred to AP Shah Panel
-Decided to refer 1 MAT claim dispute, other tax issues to a panel
-Requested committee to give specific recommendations on MAT issue expeditiously
-Government to take decision as early as possible after panel submits recommendations
-Fully committed to principle of certainty in taxation
-Government committed to avoidance of retrospective taxation


Other stocks and sectors that are in news today:
-M&M, L&T, Tata Group are in race to partner US based BAE to make Howitzer guns: ET
-Tech Mahindra seeks Apex Court’s intervention in Satyam money laundering case: ET
-SAIL puts off bond issue as investors seek higher yields: FE
-Canara Bank inks MOU with LIC over social security measures: FE
-Parliament clears bill to ratify the Land Boundary Agreement with Bangladesh as Lok Sabha passes the measure
-SPARC board to consider raising funds via rights issue on May 12
-Government to introduce Land Acquisition bill in Lok Sabha today
-Rajya Sabha passes Finance Bill 2015
-Circuit filter for Star Ferro & Cement revised to 20 percent



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First Published on May 8, 2015 08:09 am
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