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HomeNewsBusinessStocksStocks in news: Tata Steel, Axis Bank, Shakti Pumps

Stocks in news: Tata Steel, Axis Bank, Shakti Pumps

Tata Steel | Axis Bank | Mangalore Chem | Shakti Pumps | Man Industries | TVS Motor | VA Tech Wabag and MIC Electronic are stocks, which are in news today.

May 10, 2016 / 08:03 IST
     
     
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    Here are stocks that are in news today:Tata Steel Europe:7 expression of interest for UK operations taken through to the next stageClarify outstanding points with a number of other interested partiesPrimary intention is to assess expression of interest for whole opsExpression of interest for parts of UK biz not taken forward at this pointJaypee GroupNCDRC comes down heavily on group for delays in project ‘Kalypso Court’ at Jaypee GreensImposes a 12 percent/annum for the period of delayimposes a further penalty of Rs. 5,000 per day per flat if the builder cannot offer possession by 21st July this yearUjjivan Fin Services lists todayRBI: FIIs can now invest up to 49 percent in Ujjivan Fin ServicesAxis Bank (FE)Axis Bank may seek Rs 9000 cr provisioning over Fy17-18Mangalore Chem & FertUrea plant shut due to acute water shortagePharma Cos in focus Gilead’s USD 1000 pill gets patent in India Costs much lower at USD 335 for 12 weeks here Drug used to treat Hepatitis CShakti PumpsBoard to convert CCPs Held by AFHoldings (8.9 percent Stake) promoter’s stake to fall below 50 percent from 50.09 percent currentlyNagarjuna Oil Refinery (ToI)Co in talks with Saudi royal family to revive refineryMan Industries (BS)Arbitrator to resolve Mansukhani brothers’ (promoters) dispute TVS Motor (FE)Secures patent for air injection system to improve fuel economyDalmia Cement takes back plea against LafargeDalmia had filed a plea against proposed sale of Lafarge’s entire cement assets in India before the COMPATOther stocks and sectors in the newsVA Tech Wabag subsidiary Beijing VA Tech Wabag water treatment tech is liquidatedMIC Electronics to consider conversion of pref share warrant to equity shares in 1:1 ratioMM Forgings Q4Net Profit Down 0.9 percent At Rs 11 Cr Vs Rs 11.1 Cr (YoY)Total Income Down 1.7 percent At Rs 124.5 Cr Vs Rs 126.6 Cr (YoY)EBITDA Down 4.5 percent At Rs 25.6 Cr Vs Rs 26.8 Cr (YoY)EBITDA Margin At 20.6 percent Vs 21.2 percent (YoY)Srikalahasthi Pipes Q4Net Profit Up 55.7 percent At Rs 46.1 Cr Vs Rs 29.6 Cr (YoY)Total Income Up 4.5 percent At Rs 315 Cr Vs Rs 301.4 Cr (YoY)EBITDA Up 21.5 percent At Rs 68.9 Cr Vs Rs 56.7 Cr (YoY)EBITDA Margin At 21.9 percent Vs 18.8 percent (YoY)Deepak Nitrite Q4Net Profit Up 24.8 percent At Rs 20.6 Cr Vs Rs 16.5 Cr (YoY)Total Income Up 6.9 percent At Rs 340.8 Cr Vs Rs 318.7 Cr (YoY)EBITDA Up 13.1 percent At Rs 46.7 Cr Vs Rs 41.3 Cr (YoY)EBITDA Margin At 13.7 percent Vs 13 percent (YoY)Alstom India Q4Net Profit Down 61.9 percent At Rs 27.4 Cr Vs Rs 71.9 Cr (YoY)Total Income Down 53.8 percent At Rs 373.3 Cr Vs Rs 808.4 Cr (YoY)EBITDA Down 57.8 percent At Rs 33.7 Cr Vs Rs 79.9 Cr (YoY)EBITDA Margin At 9 percent Vs 9.9 percent (YoY)Other Income Down 40.6 percent At Rs 23.6 Cr Vs Rs 39.7 Cr (YoY)Ludlow Jute Q4Net Profit Down 75 percent At Rs 0.6 Cr Vs Rs 2.5 Cr (YoY)Total Income Up 25 percent At Rs 104.9 Cr Vs Rs 83.9 Cr (YoY)EBITDA At Rs 3.7 Cr Vs EBITDA Loss Of Rs 2.5 Cr (YoY)EBITDA Margin At 3.5 percent

    first published: May 10, 2016 07:58 am

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