Here are stocks that are in news today:
Syndicate Bank-Bank to raise Rs 2000 crore via QIP (BS)-Plans to raise Rs 5500 crore via equity and bonds (FE)
Alstom Bharat Forge JV starts production in Sanand-JV involved in making supercritical turbines and generators
ICICI Bank, Axis Bank-Banks cut employee headcount over FY-ICICI Bank’s headcount was 67,857 employees against 72,226 YoY-Axis Bank’s base fell by 190 to 42,420 employees at end of FY
Tata Motors Q4-Consolidated net profit at Rs 1,716.5 crore versus Rs 3,918.2 crore (YoY)-Profit impacted due to high depreciation & MTM of un-matured hedges-Consolidated total income at Rs 67,576 crore versus Rs 65,317 crore (YoY)-Consolidated EBITDA at Rs 8,439 crore versus Rs 10,000 crore (YoY)-Consolidated operating margin at 12.5 percent versus 15.3 percent (YoY)-Consolidated other expenses at Rs 15,022 crore versus Rs 11,891 crore (YoY)-JLR net profit at £302 million versus £449 million (YoY)-JLR revenue at £5,826 million versus £5,349 million (YoY)-JLR EBITDA at £1,016 million versus £920 million (YoY)-JLR operating margin at 17.4 percent versus 17.2 percent (YoY)Tata Motors says-Witnessed volume growth across geographies-JLR retail sales remained weak-Expect recovery to happen in H2FY16-No dividend to be paid due to continued weak operating environment-Had a few launches in the commercial vehicle segment in Q4-Q4 profit impacted due to high depreciation
Tech Mahindra Q4-Consolidated net profit at Rs 472 crore versus Rs 805.3 crore (QoQ)-Consolidated total income at Rs 6,116.8 crore versus Rs 5,751.7 crore (QoQ)-Consolidated forex loss at Rs 154 crore versus loss of Rs 167 crore (YoY)-Employee benefit expenses at Rs 3,256 crore versus Rs 2,637 crore (YoY)-Consolidated EBIT at Rs 756 crore versus Rs 1,016 crore (QoQ)-Consolidated EBIT margin at 12.4 percent versus 17.7 percent (QoQ)-Consolidated dollar revenue at USD 984.1 million versus USD 924 million (QoQ)-Revenue contribution from LCC and SOFGEN at USD 100 millionTech Mahindra says-Q4 impacted by factors like cross currency headwinds & salary hikesTech Mahindra (in press conference) says-Hoping downturn will correct itself in the course of FY16-Had a good fiscal but Q4 results are relatively muted-Acquisition of SOFGEN to help scale up growth significantly-Q4 was a soft quarter hit by slow decision making in some projects-Volatility in oil prices, uncertainty in US & IT demand slowdown impacted Q4-Currencies in Australia, Euro, Canada were volatile-Saw revenue addition of USD 100 million by acquisitions of LCC and SOFGEN-Saw some degrowth in organic biz-Telecom companies are converging with media, entertainment & sports-Will continue to expand in our core biz & also in new growth factories-Added 93 new clients in Q4, 87 were from recent acquisitions
DB Realty Q4-Consolidated net loss at Rs 10.3 crore versus profit of Rs 10.4 crore (YoY)-Consolidated total income down 46.1 percent at Rs 48.7 crore versus Rs 90.4 crore (YoY)
Thermax Q4-Net profit up 24.8 percent at Rs 132.3 crore versus Rs 106 crore (YoY)-Total income up 10 percent at Rs 1,520.7 crore versus Rs 1,382.5 crore (YoY)-EBITDA up 17.2 percent at Rs 157 crore versus Rs 134 crore (YoY)-Operating margin at 10.3 percent versus 9.7 percent (YoY)
IDBI Bank Q4-Net profit at Rs 546 crore versus Rs 518 crore (YoY)-NII up 5.4 percent at Rs 1,660 crore versus Rs 1,575 crore (YoY)-Gross NPA at 5.88 percent versus 5.94 percent (QoQ)-Net NPA at 2.88 percent versus 3.05 percent (QoQ)-Provisions at Rs 1,718 crore versus Rs 956 crore (QoQ), versus Rs 1,198.5 crore (YoY)-Capital adequacy ratio (Basel- III) at 11.76 percent versus 12.23 percent (QoQ)
Ballarpur Industries Q4-Consolidated net profit up 78.6 percent at Rs 27.5 crore versus Rs 15.4 crore (YoY)-Consolidated total income down 9.1 percent at Rs 1,249 crore versus Rs 1,374.5 crore (YoY)
ABG Shipyard Q4-Net loss at Rs 375 crore versus loss of Rs 48.8 crore (YoY)-Total income at Rs 22 crore versus Rs 499 crore (YoY)-Finance costs Rs 218 crore versus Rs 120 crore (YoY)
Gujarat Alkalies Q4-Net profit up 48.8 percent at Rs 96.3 crore versus Rs 64.7 crore (YoY)-Total income down 1.8 percent at Rs 495.6 crore versus Rs 504.7 crore (YoY)
Reliance Power Q4-Consolidated net profit up 2.8 percent at Rs 276.5 crore versus Rs 268.9 crore (YoY)-Consolidated net sales up 22.3 percent at Rs 1,584.9 crore versus Rs 1,296.1 crore (YoY)-Consolidated EBITDA up 42.7 percent at Rs 675 crore versus Rs 473 crore (YoY)-Consolidated EBITDA margin at 42.6 percent versus 36.5 percent (YoY)
Simplex Infra Q4-Net profit up 3.7 percent at Rs 22.2 crore versus Rs 21.4 crore (YoY)-Total income up 6.8 percent at Rs 1,539 crore versus Rs 1,441 crore (YoY) CCL Products Q4-Consolidated net profit up 20.8 percent at Rs 21.5 crore versus Rs 17.8 crore (YoY)-Consolidated total income down 1 percent at Rs 216.4 crore versus Rs 218.6 crore (YoY)
Electrotherm India Q4-Net loss at Rs 91.7 crore versus loss of Rs 236.3 crore (YoY)-Total income up 28.7 percent at Rs 502.5 crore versus Rs 390.3 crore (YoY)
Rane Holdings Q4-Consolidated net profit down 12.4 percent at Rs 28.2 crore versus Rs 32.2 crore (YoY)-Consolidated total income up 26.1 percent at Rs 674.7 crore versus Rs 535 crore (YoY)
Kolte-Patil Q4-Consolidated net profit up 4.6 percent at Rs 13.6 crore versus Rs 13 crore (YoY)-Consolidated total income down 5.7 percent at Rs 161.4 crore versus Rs 171.1 crore (YoY)
Maharashtra Seamless Q4-Net profit up 5.6 percent at Rs 30 crore versus Rs 28.4 crore (YoY)-Total income up 11.7 percent at Rs 364.7 crore versus Rs 326.6 crore (YoY)
Shreyas Shipping Q4-Consolidated net profit at Rs 36.4 crore versus loss of Rs 8.3 crore (YoY)-Consolidated total income at Rs 144.5 crore versus Rs 134 crore (YoY)
Esab Q4-Net loss at Rs 1.4 crore versus profit of Rs 8.5 crore (YoY)-Total income down 3.4 percent at Rs 106.6 crore versus Rs 110.4 crore (YoY)
Taro Pharma Q4 (arm of Sun Pharma) -Net Income up 70 percent at USD 152.3 million versus USD 89.6 million (YoY)-Net sales up 30.5 percent at USD 244.2 million (YoY)-Operating income up 51.2 percent at USD 153.5 million versus USD 101.5 million (YoY)-Operating margins at 62.9 percent versus 54.3 percent (YoY)-Forex income at USD 32.5 million versus USD 3.9 million (YoY)Taro Pharma says-Net income impacted positively by forex income-Total debt decreased by USD 12 million in FY15
Government-Forms panel to revitalise private participation in infra development-Panel to submit report within 3 months
Oil ministry says-Gas price pooling to urea units to be effective from July 1-GAIL to declare price of pooled gas on the 1st of every month-Gas pooling to help save Rs 1,550 crore in subsidy, benefit 30 urea plants
Finance ministry says-AP Shah panel invites suggestions from all stakeholders on MAT issue-AP Shah panel invites stakeholders suggestion on MAT issue by June 22-AP Panel may call representatives for interaction on MAT between June 22-July 6Alert: AP Shah panel held its first meeting on May 25
Delhi High Court-Adjourns JSPL's bid rejection matter to May 27-To hear power tariff cap matter of Monnet Ispat & Mandakini on July 30-Asks JSPL to file application on e-auction of coal matter Delhi HC observes absurd decision taken by Coal India to cancel e-auction of coalCoal India Counsel to Delhi High Court-e-Auction of coal cancelled due to outstanding pollution board clearance
TV Today Network-Files writ petition in the High Court against I&B Ministry's orderAlert: I&B Ministry refused nod for FM radio biz sale of TV Today Network to ENIL
Other stocks and sectors that are in news today:-Allcargo arm ties up with Alibaba to ship less than container load consignments to India-Power Grid raises Rs 3000 crore via bonds even as rates soften-SBI says government appoints Rajnish Kumar as MD-DLF to pay Rs 80 crore to a law firm for rescinding from agreement: PTI-Amtek India to allot preference shares worth Rs 75 crore-Ahmednagar Forgings to allot preference shares worth Rs 40 crore-CCI clears acquisition of Rohit Ferro-Tech's unit by Balasore Alloys-NHPC plans to raise up to Rs 3,975 crore from domestic market through loans & tax-free bonds
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