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Last Updated : Apr 22, 2015 09:26 AM IST | Source: CNBC-TV18

Stocks in news: Wipro, Kotak Mahindra, Persistent, VST Ind

Wipro | Sun Pharma | Persistent Systems | VST Industries | Blue Dart | Kotak Mahindra Bank | Marico Kaya and IIFL Holdings are stocks, which are in the news today.

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Here are stocks that are in news today:

Results Today: Yes Bank, Mastek, Rallis India, Automotive Stampings, Clariant Chemicals, Everest Industries, KSB Pumps

Sun Pharma statement
"Dilip Shanghvi has neither purchased nor agreed to purchase any shares of our company in the said transaction (w.r.t Daiichi Sankyo stake sale)."


Fund Action
Sun Pharma 
-Aranda Investment Maurtius buys 2 crore shares at Rs 930.16/share
-Goldman Sachs (Singapore) buys 5.12 crore shares at Rs 930.16/share
-Government Of Singapore buys 1.26 crore shares at Rs 930.16/share
-Daiichi Sankyo Company sells 21.4 crore shares at Rs 931.58/share
Rain Industries
-Pabrai Investment Fund buys 51.1 lakh shares at Rs 35.4/share
-CIR International sells 56 lakh shares at Rs 35.4/share

Wipro Q4
-IT services revenue at Rs 11,242 crore versus Rs 11,344 crore (QoQ)
-Dollar revenue at USD 1,774.5 million versus USD 1,795.4 million (QoQ)
-EBIT at Rs 2,478 crore versus Rs 2,470 crore (QoQ)
-EBIT margin at 22 percent versus 21.77 percent (QoQ)
Wipro Guidance Q1FY16
-Expect IT services revenues in the range of USD 1,765-1,793 million
-IT services sales growth seen between -0.5 percent to 1 percent
Wipro says
-Rishad Azim Premji appointed whole-time director with effect from May 1
-Continue to maintain on operational improvements, productivity enhancements
-See momentum picking up in infra & product engineering
Wipro in press conference says
-Focussed on driving innovation, continue to invest in talent development
-Witnessed slowdown in BFSI spending
-Healthcare & manufacturing continue to see robust growth
-Added 65 new customers; higher than normal run rate
-Azim Premji will remain executive chairman
-Overall growth in FY16 will be better than FY15
-Have had some client-specific issues in BFSI business
-See retail rebounding very well this year
-Client specific issues in BFSI sector may continue for another quarter
Boardroom: Wipro says
-Lost USD 100 million in oil & gas in last 2 quarters
-Many oil & gas deals in the pipeline
-Expanded margins in Q4 despite croreoss currency headwinds
-Not making any large strategic shifts that we need to share with investors
-Impact of salary hikes will be seen in Q1FY16
-Salary hikes not finalised, but will be according to industry standards

Persistent Systems Q4 (QoQ)
-Rupee revenue at Rs 497.4 crore versus Rs 494.6 crore
-Dollar revenue at USD 80 million versus USD 79.52 million
-Net profit at Rs 76 crore versus Rs 74.4 crore
-EBITDA at Rs 100.5 crore versus Rs 99.53 crore
-EBITDA margin at 20.2 percent versus 20 percent

VST Industries Q4
-Net profit at Rs 40.7 crore versus Rs 52 crore (YoY)
-Total income at Rs 219.2 crore versus Rs 189.1 crore (YoY)

Wendt Q4
-Consolidated net profit at Rs 4.4 crore versus Rs 2 crore (YoY)
-Consolidated net sales at Rs 32.7 crore versus Rs 29.2 crore (YoY)

CCI looking into allocation of three coal blocks: PTI
-CCI looks into possible cartelisation in bidding for 3 coal block allocations

FIPB to meet on April 30 to consider 41 FDI proposals
-FIPB to consider FDI proposals of IIFL HoldingsKotak Mahindra Bank and Blue Dart

Teva Pharma proposes to acquire Mylan for USD 82/share in cash & stock
Teva Pharma says
-Mylan deal to be significantly accretive to company's non-GAAP EPS
-Combined company's revenue will be over USD 30 billion and EBITDA over USD 10 billion
-Expect Mylan deal to be completed by year-end
-Mylan deal to be composed of approximately 50 percent cash and 50 percent stock

Other stocks and sectors that are in news today:
-Telecom Commission to meet today on spectrum sharing, trading norms: PTI  
-Marico Kaya says Bombay High Court approves scheme of arrangement between Kaya and company
-CCI looking into possible abuse of dominance by telecom & internet companies w.r.t net neutrality: PTI
-Lok Sabha passes FY16 Rail Budget
-Supreme Court directs SIT to submit status report on black money case by May 12
-Mining compensation: Prior allottees file plea in Delhi High Court, seek quashing of government’s compensation order
-Century Textiles set to cement ties with UltraTech Cement; Century Textiles may spinoff cement asssets and merge with UltraTech: ET
-Cimmco gets licence for manufacturing defence equipment
-Gitanjali Gems board approves merger of arm Gitanjali Exports with company
-MakeMyTrip to acquire & its assets

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First Published on Apr 22, 2015 07:57 am
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