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Last Updated : Oct 14, 2015 09:22 AM IST | Source: CNBC-TV18

Stocks in news: TCS, HUL, Sun Pharma, IVRCL, IBulls Real

TCS | Hindustan Unilever | Indiabulls Real Estate | Sun Pharma | IVRCL | Cairn India | NALCO | Era Infra | Star Ferro | Siemens India | Bank Of Baroda | Info Edge are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today: Hindustan Unilever (HUL), Zee Entertainment, TV18 Broadcast, Network18 Media, TTK Prestige and Goa Carbon

-Net profit up 6.1 percent at Rs 6,055.2 crore (QoQ)
-Dollar revenue up 3 percent at USD 4156 million (QoQ)
-Rupee revenue up 5.8 percent at Rs 27,165 crore (QoQ)
-EBIT up 9 percent at Rs 7,353.6 crore (QoQ)
-EBIT margin at 27.1 percent versus 26.3 percent (QoQ)
-Constant currency growth at 3.9 percent
-Utilisation-excluding trainees at 86 percent
-Utilisation-including trainees at 82.3 percent
-Volume growth at 4.9 percent
TCS says
-To pay second interim dividend of Rs 5.50/share
-Employee attrition (LTM) at 16.2 percent including business process services
-USD 100million+ customers up by 3 & USD 10million+ customers up by 6 in Q2
-Gross employee addition in Q2 at 25,186


TCS CEO Natarajan Chandrasekaran (in press conference) says
-Growth in Q2 was led by BFS, retail, life sciences, travel & hospitality
-Have delivered accelerated growth in constant currency terms for Q2
-Continue to take new IP-led products & platforms to market successfully
-Over 30,000 employees have already been trained in new technologies
-North America & UK have done exceedingly well
-Services revenue have been broad-based
-Digital has jumped to about 13 percent of company's revenue
-Have delivered secular growth
-Saw recovery in Latin America in Q2; softness in Diligenta & Japan continue
-Energy exposure is very low
-Order book in Q2 is the highest ever
-Number of digital orders increased significantly in Q2
-Attrition is lower in absolute numbers
-Attrition has been on declining trend since July
-Expect attrition to come down in Q3 & Q4
-Forex fluctuations benefited margins by 68 bps
-No sequential deterioration or structural breakdown in pricing
-Pricing pressure is a given across industries
-Realisation drop of 1 percent primarily due to geography mix

TCS CEO Natarajan Chandrasekaran to CNBC-TV18:
-H2 will always be slower than H1
-Q3 to be impacted by furloughs & fewer working days
-No indications as of now that Q3FY16 will be different from Q3FY15
-Order book in Q2 30 percent higher than best ever order book quarter
-Growth has accelerated from Q1FY16
-Growth delivered by company has been at odds with market expectations
-Can not complain about 4.9 percent volume growth
-Bullish on opportunities for the industry
-Second consecutive quarter of USD 100 million incremental addition to revenues
-Majority of the deal wins were in the transformation business
-Decline in realisation is due to geographical mix
-Do not see any pricing pressure
-Have been exceeding hiring targets for 3 years
-Would like attrition rate to come down further
-Diligenta & Japan will be weak throughout the year
-Exceeding FY16 hiring target as demand has picked up
-Telecom to remain muted, but do not expect deceleration
-Growth to sustain in Latin America
-Have a very strong order pipeline & client metrics
-Digital is fundamentally changing every industry

Info Edge transfers shares worth Rs 101.3 crore in Policybazaar to arm MakeSense Tech
Info Edge says
-Temasek’s arm MacRitchie to buy 49.9 percent stake in MakeSense for Rs 134.1 crore
-MakeSense will use Rs 101.3 crore to retire its payable to company
-Company will own 50.01 percent in MakeSense & Makesense will hold 19.65 percent of Policybazaar

Bank Of Baroda Case: Enforcement Directorate arrests 4 people in Rs 6,000 crore alleged scam
Enforcement Directorate says
-Investigations have revealed there is no loss to the bank
-Trade based money laundering unearthed
-Bank has gained due to increase in business
-Total amount deposited in 59 accounts is Rs 5,151 crore
-Rs 343 crore of Rs 5,151 crore has been deposited in cash
-Further investigations are under progress

Welspun Renewables receives another round of funding of USD 617 million
Welspun Renewables says
-Investment of USD 617 million through combination of equity & debt infusion by promoters, investors
-GE extends partnership with company with 2nd round of funding
-USD 617 million generated via USD 405 million debt, USD 165 million in equity & USD 47 million in line of credit
-Committed to set up 5 GW capacities, 1 GW to be commissioned within FY16

Directorate General of Anti-Dumping
-Recommends anti-dumping duty on cold rolled stainless steel of 300 series
-Recommends anti-dumping duty on cold rolled stainless steel for 5 years
-Duty to be imposed on stainless steel products imported from China, Korea
-Duty to be imposed on stainless steel products imported from Thailand, South Africa, EU & US
Alert: Earlier anti-dumping duty on cold rolled stainless steel lapsed on April 21, 2014
-Recommendation of anti-dumping duty positive for Jindal Stainless, SAIL

Coffee Day Enterprises
-Allots 1.04 crore shares to 17 anchor investors at Rs 322/Share
-Raises Rs 334.27 crore from share sale to 17 anchor investors
-IPO opens today and will close on October 16
-Price band Rs 316-328/share, issue size Rs 1,150 crore

New rules to boost India shipping fleet; may dent foreign shippers: Reuters sources
-Government wants state firms to give 50 percent of trade to local shippers
-Freight worth billions of dollars likely to shift to Indian companies

Other stocks and sectors that are in news today:
-Indiabulls Real Estate looking to sell 40 percent in London Property: ET (eyes Rs 1,000 crore from stake sale)
-Taro Pharma (Subsidiary of Sun Pharma) acquires Canadian company Zalicus: ET
-Videocon looking to split loss making telecom business into 6 entities: ET
-IVRCL to get new owners as banks plan to pick up further 8.7 percent of equity capital and invoke SDR: FE
-Cairn India to exit its Sri Lankan gas blocks: FE
-NALCO gets allocation of Potangi bauxite mine: FE
-IDBI Bank may face pressure to redeem overseas bonds: ET
-Bhagyanagar solar business to be merged with Surana Telecom: BL
-Reliance Power appoints N Venugopala Rao as CEO
-Era Infra bags order worth Rs 177.8 crore for rural electrification from government
-Star Ferro & Cement says subsidiary enters into production arrangement with a grinding unit in West Bengal
-Greenply Industries to consider stock split in ratio of 1:5 on October 28
-Maruti Suzuki opens bookings for its premium hatchback Baleno
-Government appoints Alkesh Sharma as MD & CEO of Delhi-Mumbai Industrial Corridor Development
-NHPC says to award 50 MW solar power EPC contract in Tamil Nadu
-Future Retail to issue NCDs worth Rs 100 crore on private placement basis
-Rajasthan government signs 27 MoUs for Rs 12,478 crore investment in housing & urban development projects
-Siemens India bags order worth Rs 97 crore from NTPC
-Zee Media Corp says Ashish Kirpal Pandit steps down as executive director & CEO
-Cyient says wholly owned subsidiary Cyient Europe incorporates arm Cyient SRO
-Veto Switchgears & Cables says company’s newly owned subsidiary has been incorporated in Dubai with a name Veto Overseas

Disclosure: Network 18 (and TV18 Broadcast), which publishes, is now part of the Reliance Group.

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First Published on Oct 14, 2015 08:15 am
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