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Last Updated : Sep 14, 2016 10:17 AM IST | Source: CNBC-TV18

Stocks in news: Tata Steel, Sun Pharma, Vedanta, NHPC, Amtek

Tata Steel | Sun Pharma | Wipro | Cairn | Vedanta | Motherson Sumi | Claris Life | Reliance Capital | Reliance Defence | Mahindra CIE | Coal India | Amtek Auto | Godfrey Phillips | Alok Industries | Gitanjali Gems | Nalco | Setco Auto | NHPC | Sicagen India and Nandan Denim are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Sun Pharma
-Buyback offer opens on September 22, closes on October 5
-Have received SEBI nod for buyback of 75 lakh shares at Rs 900/share

Motherson Sumi
-Board approves closure of qualified institutional placement (QIP); issue price at Rs 317/share
-Will issue 6.28 crore shares at Rs 317/share


Glenmark Pharma
-Receives ANDA nod for Diclofenac sodium gel
-Diclofenac sodium gel had US sales of USD 297.9 million in July 2016
-Diclofenac sodium gel treats pain of osteoarthritis of joints

-DHFL non-convertible debentures (NCDs)
-Sab Events & Governance Now Media
-TV Vision

Allahabad Bank
CARE Ratings
-Assigned AA to tier 2 bonds
-Reaffirmed AA to lower tier 2 bonds
-Reaffirmed AA- to upper tier 2 bonds
-Reaffirmed AA- to tier 1 bonds
Brickwork Ratings
-Reaffirmed AA to tier 2 bonds

Adani, Essar
-Directorate of Revenue Intelligence (DRI) notice to Adani Group, Essar Power for over-invoicing coal & capital goods
-DRI claims that Adani Group over-invoiced coal worth Rs 3,000 crore
-DRI claims that Essar Power over-invoiced coal worth Rs 1,100 crore

Claris Life
-Injectables plant in Ahmedabad was inspected in August 2016 by USFDA
-Injectables plant received 5 USFDA observations
Alert: Injectables plant inspected from August 16-26

-Puts Vijay Mallya's Kingfisher Villa in Goa on the block
-To sell the Goa property via e-auction on October 19

Reliance Capital
-Board approves plan to independently list home finance business on exchanges
-Will hold 51 percent stake in Reliance Home Finance
-To grow the lending book for new entity to over Rs 20,000 crore in 18 months

Reliance Infrastructure says
-Reliance Defence will exit corporate debt restructuring by December
-Company will reach order book of Rs 30,000 crore in next few quarters
-Stake sale in Mumbai power distribution business delayed

Mahindra CIE
-Seeking shareholder approval for providing loan to subsidiaries up to Rs 5,000 crore
-To acquire 100 percent stake in Bill Forge for Rs 1,331 crore

Reliance Infrastructure Q1
-Standalone net profit up 7.7 percent at Rs 397.2 crore versus Rs 369 crore (YoY)
-Standalone total income up 3 percent at Rs 2,517.1 crore versus Rs 2,444.4 crore (YoY)
-Standalone EBITDA up 35.7 percent at Rs 622.7 crore versus Rs 459 crore (YoY)
-Standalone EBITDA margin at 24.7 percent versus 18.8 percent (YoY)

Godfrey Phillips Q1
-Net profit down 62 percent at Rs 22.4 crore versus Rs 58.9 crore (YoY)
-Total income down 12.1 percent at Rs 940.6 crore versus Rs 1,069.5 crore (YoY)
-EBITDA down 59.8 percent at Rs 41.8 crore versus Rs 103.9 crore (YoY)
-EBITDA margin at 4.4 percent versus 9.7 percent (YoY)

Coal India Q1
-Consolidated net profit down 14.8 percent at Rs 3,065.2 crore versus Rs 3,596.9 crore (YoY)
-Consolidated total income down 5.6 percent at Rs 18,421.9 crore versus Rs 19,518.1 crore (YoY)
-Consolidated EBITDA down 12 percent at Rs 4,254.9 crore versus Rs 4,835.2 crore (YoY)
-Consolidated EBITDA margin at 23.1 percent versus 24.8 percent (YoY)

Amtek Auto Q1
-Net loss at Rs 319.7 crore versus loss of Rs 157.6 crore (YoY)
-Total income down 36.1 percent at Rs 553.3 crore versus Rs 866.3 crore (YoY)
-EBITDA down 47.2 percent at Rs 91.8 crore versus Rs 173.9 crore (YoY)
-EBITDA margin at 16.6 percent versus 20.1 percent (YoY)

Alok Industries Q1
-Net loss at Rs 1,212 crore versus loss of Rs 349.7 crore (YoY)
-Total income down 47.2 percent at Rs 1,810.8 crore versus Rs 3,431.1 crore (YoY)
-EBITDA loss at Rs 541.4 crore versus EBITDA profit of Rs 235.3 crore (YoY)
-Finance cost up 49.4 percent at Rs 912.4 crore versus Rs 610.7 crore (YoY)

Sandesh Q1
-Net profit up 18.8 percent at Rs 24 crore versus Rs 20.2 crore (YoY)
-Total income up 6.2 percent at Rs 97.8 crore versus Rs 92.1 crore (YoY)
-EBITDA up 12.5 percent at Rs 38.6 crore versus Rs 34.3 crore (YoY)
-EBITDA margin at 39.5 percent versus 37.2 percent (YoY)

Gitanjali Gems Q1
-Net profit up 64.4 percent at Rs 22.2 crore versus Rs 13.5 crore (YoY)
-Total income up 5.4 percent at Rs 1,727.7 crore versus Rs 1,639.8 crore (YoY)
-EBITDA down 21 percent at Rs 68.4 crore versus Rs 86.6 crore (YoY)
-EBITDA margin at 4 percent versus 5.3 percent (YoY)

Metalyst Forgings Q1
-Net loss at Rs 65.1 crore versus loss of Rs 66.2 crore (YoY)
-Total income down 38.9 percent at Rs 341.3 crore versus Rs 558.1 crore (YoY)
-EBITDA down 41.9 percent at Rs 54.2 crore versus Rs 93.2 crore (YoY)
-EBITDA margin at 15.9 percent versus 16.7 percent (YoY)
-Finance cost down 19.6 percent at Rs 94.4 crore versus Rs 117.4 crore (YoY)

NCL Industries Q1
-Net profit down 37.1 percent at Rs 230.8 crore versus Rs 367 crore (YoY)
-Total income up 0.4 percent at Rs 1,974.1 crore versus Rs 1,965.8 crore (YoY)
-EBITDA down 26 percent at Rs 523.4 crore versus Rs 707.7 crore (YoY)
-EBITDA margin at 26.5 percent versus 36 percent (YoY)

HBL Power Systems Q1
-Net profit down 3.5 percent at Rs 5.5 crore versus Rs 5.7 crore (YoY)
-Total income down 1.8 percent at Rs 331.6 crore versus Rs 337.7 crore (YoY)
-EBITDA down 5.5 percent at Rs 84.9 crore versus Rs 89.8 crore (YoY)
-EBITDA margin at 25.6 percent versus 26.6 percent (YoY)

MBL Infra Q1
-Consolidated net profit up 5.8 percent at Rs 32.8 crore versus Rs 31 crore (YoY)
-Consolidated total income up 17.4 percent at Rs 719.7 crore versus Rs 612.9 crore (YoY)
-Consolidated EBITDA up 19.9 percent Rs 81.2 crore versus Rs 67.7 crore (YoY)
-Consolidated EBITDA margin at 11.3 percent versus 11 percent (YoY)

BGR Energy Q1
-Net profit down 18.9 percent at Rs 9 crore versus Rs 11.1 crore (YoY)
-Total income down 6.5 percent at Rs 836.4 crore versus Rs 894.1 crore (YoY)
-EBITDA down 4.7 percent at Rs 73.5 crore versus Rs 77.1 crore (YoY)
-EBITDA margin at 8.8 percent versus 8.6 percent (YoY)

Nalco Q1
-Net profit down 22.5 percent at Rs 135 crore versus Rs 174.3 crore (YoY)
-Total income up 3.9 percent at Rs 1,549 crore versus Rs 1,491.3 crore (YoY)
-EBITDA down 15.1 percent at Rs 194.6 crore versus Rs 229.2 crore (YoY)
-EBITDA margin at 12.6 percent versus 15.4 percent (YoY)

Tata Steel Q1
-Consolidated net loss at Rs 3,183 crore versus loss of Rs 317 crore (YoY)
-Consolidated turnover down 5.8 percent at Rs 26,406 crore versus Rs 28,025 crore (YoY)
-Consolidated EBITDA up 21.4 percent at Rs 3,270 crore versus Rs 2,693 crore (YoY)
-Euro steel production down 15.7 percent at 2.68 MT (YoY)
-Consolidated steel deliveries at 5.41 MT versus 6.37 MT (QoQ)
-Loss from discontinued operations at Rs 3,296 crore
-Europe EBITDA/tonne at Rs 3,384/tonne
-India EBITDA/Tonne up 19 percent at Rs 10,455/tonne
-Southeast Asia EBITDA/tonne at Rs 2,872/tonne

Other stocks and sectors that are in news today:
-Setco Auto bags order to supply 830 dia coil spring clutch assy to Ashok Leyland
-Symphony ex-date for 1:1 bonus
-HPCL ex-date for 2:1 bonus; revised f&o lot size of 2100
-Future Retail permitted under B group
-Alstom India name changed to GE Power India
-Alstom T&D India name changed to GE T&D India
-Avanti Feeds - India Ratings & Research upgrades long term rating from A to A+ and short term rating from A1 to A1+
-Akzo Nobel voluntarily surrendered CRISIL A1 rating on short term debt
-Cairn & Vedanta shareholders approve merger of Cairn India and Vedanta
-HDFC completed 3rd round of masala bonds to overseas investors worth Rs 1,000 crore
-NHPC signs agreement with BHEL for renovation & modernisation of power station at Himachal Pradesh for Rs 132.74 crore
-Motherson Sumi allotted 1.77 crore shares to Sumitomo Wiring at Rs 317 per share
-MBL Infra approved increase of borrowing limit up to Rs 3,000 crore
-CMI bags order worth Rs 91 crore for catenary and contact wire, bagged orders worth Rs 155 crore in last 1 month
-Sicagen India to acquire 100 percent equity stake in Danish Steel
-Wipro partners with Israel based IntSights Cuber Intelligence and Vectra Networks of Silicon Valley to expand Threat Intelligence as a Service
-Welspun Enterprises closes financing for Delhi – Meerut expressway for total project cost of Rs 841.5 crore
-Shilpi Cable board meeting on September 30 to consider issue of NCDs up to Rs 300 crore, increase borrowing limit up to Rs 2,000 crore and increase investment limit up to Rs 200 crore
-Edelweiss Capital - 3 funds in race for 30 percent stake in Edelweiss ARC, to get around USD 250 million
-GMR-Apollo Global leads race to buy 30 percent stake in Hyderabad airport
-SAIL–Arcelor JV eyes Gujarat, Maharashtra for auto steel
-SBI set to launch additional tier-1 bonds today
-SEBI might ask Diageo to revise United Spirits open offer
-IL&FS Transportation plans to raise Rs 200 crore via NCDs
-Nandan Denim seeks shareholder nod to increase FII limit up to 49 percent
-HCC bags order worth Rs 181 crore from The Department Of Atomic Energy

First Published on Sep 14, 2016 08:01 am