Here are stocks that are in news today:
Results today: Idea Cellular, Bharti Infratel, Adani Enterprises, Adani Power, Adani Transmission, Indiabulls Real Estate, Reliance Capital, Tata Metaliks, Thyrocare Technologies, Adi Finechem, Aditya Birla Money, Ador Welding, Adore Multiproducts, Ajmera Realty, Atishay, Balaji Amines, Bharat Bhushan, Capital Trust, Coromandel Engineering, GeeCee Ventures, Greenply Industries, GSFC, Indag Rubber, Indian Metals, Johnson Control, Kirloskar Ferro, KPR Mill, Lloyds Metals, Mahindra CIE, Muthoot Capital, Navin Fluorine, Parrys Sugar, Rallis India, Rane Madras, Ruchira Papers, Saurashtra Cement, Shree Precoated Steels, Span Diagnostic, Supreme Petrochem, Swaraj Engines, Wendt
Wipro Q2-Net profit up 0.9 percent at Rs 2,070.4 crore versus Rs 2,052 crore (QoQ)-IT services revenue up 0.2 percent at Rs 13,136 crore versus Rs 13,109 crore (QoQ)-IT services dollar revenue down 0.8 percent at USD 1,916.3 million versus USD 1,930.8 million-IT services EBIT up 0.4 percent at Rs 2,337.2 crore versus Rs 2,326.9 crore (QoQ)-IT services EBIT margin unchanged at 17.8 percent (QoQ)-Constant currency sequential growth at 0.9 percent-Voluntary TTM (trailing twelve months) attrition at 16.6 percent versus 16.5 percent (QoQ)-Gross utilisation at 71.2 percent versus 69.9 percent (QoQ)-Net utilisation (ex-trainees) at 82.8 percent versus 79.7 percent (QoQ)-Guidance: Q3 IT services revenue seen in the range of USD 1,916-1,955 millionAlert: Wipro Q3 guidance at 0-2 percent versus 1-3 percent expectationWipro boardroom-Low Q3 guidance on fewer working days, client furlough-Appirio grown rapidly over last 5 years-Scope to improve Appirio margins-Currency moves impacted top clients-Saw utilisation improvement in last few quarters, scope to improve it further-See many levers to improve margins-Appirio acquisition has given access to topcoder-Taking steps to recalibrate India, West Asia business, may be a bit subdued for a while-Need to take strategic bets to get to USD 15 billion target-Have made 4 acquisitions since January, these will help achieve USD 15 bilion, 2020 target-Planned to hire 4,500 people for automation, those plans on track-See 3-4 percent headroom for improvement in utilisation
Mindtree Q2-Net profit at Rs 94.8 crore versus Rs 123.5 crore (QoQ)-Total income down 2.4 percent at Rs 1,295.4 crore versus Rs 1,327.6 crore (QoQ)-Dollar revenue down 3 percent at USD 193 million versus USD 199 million (QoQ)-EBITDA down 16.9 percent at Rs 162.1 crore versus Rs 195.1 crore (QoQ)-EBITDA margin at 12.5 percent versus 14.7 percent (QoQ)-Mindtree says top 5 clients contributed 30 percent revenue versus 29.6 percent (QoQ)
Cairn India Q2-Consolidated net profit at Rs 778.7 crore versus Rs 325.6 crore (YoY)-Consolidated total income down 9.1 percent at Rs 2,038.5 crore versus Rs 2242 crore (YoY)-Consolidated EBITDA up 6.8 percent at Rs 1,039.1 crore versus Rs 973 crore (YoY)-Consolidated EBITDA margin at 51 percent versus 43.4 percent (YoY)-Consolidated other income up 28.1 percent at Rs 534.9 crore versus Rs 417.6 crore (YoY)
Oberoi Realty Q2-Consolidated net profit up 12.5 percent at Rs 83.7 crore versus Rs 74.4 crore (YoY)-Consolidated total income up 32.1 percent at Rs 252 crore versus Rs 190.8 crore (YoY)-Consolidated EBITDA up 13.6 percent at Rs 125.7 crore versus Rs 110.7 crore (YoY)-Consolidated EBITDA margin at 49.9 percent versus 58 percent (YoY)
V-Guard Q2-Net profit up 68.8 percent at Rs 39 crore versus Rs 23.1 crore (YoY)-Total income up 14.2 percent at Rs 495.1 crore versus Rs 433.4 crore (YoY)-EBITDA up 46.4 percent at Rs 53.3 crore versus Rs 36.4 crore (YoY)-EBITDA margin at 10.8 percent versus 8.4 percent (YoY)
Tata Sponge Q2-Net profit at Rs 16.1 crore versus Rs 5.7 crore (YoY)-Total income down 8.4 percent at Rs 153.5 crore versus Rs 167.5 crore (YoY)-EBITDA at Rs 16.9 crore versus Rs 1.2 crore (YoY)-EBITDA margin at 11 percent versus 0.7 percent (YoY)
Akzo Nobel Q2-Net profit up 18.5 percent at Rs 41.6 crore versus Rs 35.1 crore (YoY)-Total income up 7 percent at Rs 760.9 crore versus Rs 711.3 crore (YoY)-EBITDA up 21.7 percent at Rs 69.6 crore versus Rs 57.2 crore (YoY)-EBITDA margin at 9.1 percent versus 8 percent (YoY)
Everest Industries Q2-Net loss at Rs 9.4 crore versus loss of Rs 2.3 crore (YoY)-Total income down 20.9 percent at Rs 226.9 crore versus Rs 286.7 crore (YoY)-EBITDA loss at Rs 6.1 crore versus EBITDA profit of Rs 4.3 crore (YoY)
SKF Q2-Net profit up 20.6 percent at Rs 60.3 crore versus Rs 50 crore (YoY)-Total income up 9.7 percent at Rs 712.6 crore versus Rs 649.4 crore (YoY)-EBITDA up 18.6 percent at Rs 84 crore versus Rs 70.8 crore (YoY)-EBITDA margin at 11.8 percent versus 10.9 percent (YoY)
Triton Valves Q2-Net profit up 23.8 percent at Rs 2.6 crore versus Rs 2.1 crore (YoY)-Total income up 11.7 percent at Rs 47.7 crore versus Rs 42.7 crore (YoY)-EBITDA up 27.9 percent at Rs 7.8 crore versus Rs 6.1 crore (YoY)-EBITDA margin at 16.4 percent versus 14.3 percent (YoY)
RPG Life Q2-Net profit at Rs 10.2 crore versus Rs 2.6 crore (YoY)-Total income up 14.9 percent at Rs 78.6 crore versus Rs 68.4 crore (YoY)-EBITDA up 21.8 percent at Rs 6.7 crore versus Rs 5.5 crore (YoY)-EBITDA margin at 8.5 percent versus 8 percent (YoY)
Persistent Systems Q2-Net profit up 0.3 percent at Rs 73.5 crore versus Rs 73.3 crore (QoQ)-Total income up 0.3 percent at Rs 704 crore versus Rs 701.7 crore (QoQ)-EBITDA up 4.8 percent at Rs 110.8 crore versus Rs 105.7 crore (QoQ)-EBITDA margin at 15.7 percent versus 15.1 percent (QoQ)-Dollar revenue up 0.4 percent at USD 105.2 million versus USD 104.8 million (QoQ)
Vardhman Acrylics Q2-Net profit at Rs 15 crore versus Rs 12 crore (YoY)-Total income down 16.5 percent at Rs 109.8 crore versus Rs 131.5 crore (YoY)-EBITDA up 12.4 percent at Rs 20.9 crore versus Rs 18.6 crore (YoY)-EBITDA margin at 19 percent versus 14.1 percent (YoY)
Bhageria Industries Q2-Net profit at Rs 17.6 crore versus Rs 2.6 crore (YoY)-Total income up 22.2 percent at Rs 85.4 crore versus Rs 69.9 crore (YoY)-EBITDA at Rs 20.6 crore versus Rs 4.9 crore (YoY)-EBITDA margin at 24.1 percent versus 7 percent (YoY)-Other income at Rs 5.2 crore versus Rs 0.2 crore (YoY)
Yash Papers Q2-Net profit at Rs 1.1 crore versus Rs 0.5 crore (YoY)-Total income down 1.4 percent at Rs 41.1 crore versus Rs 41.7 crore (YoY)-EBITDA up 8.3 percent at Rs 6.5 crore versus Rs 6 crore (YoY)-EBITDA margin at 15.8 percent versus 14.4 percent (YoY)
Dwarikesh Sugar Q2-Net profit down 5.3 percent at Rs 37.4 crore versus Rs 39.5 crore (YoY)-Total income up 54.5 percent at Rs 242.7 crore versus Rs 157.1 crore (YoY)-EBITDA down 24.2 percent at Rs 44.8 crore versus Rs 59.1 crore (YoY)-EBITDA margin at 18.5 percent versus 37.6 percent (YoY)-Net profit up 17.2 percent at Rs 37.4 crore versus 31.9 crore (QoQ)-Total income down 15.2 percent at Rs 242.7 crore versus Rs 286.3 crore (QoQ)-EBITDA down 14.5 percent at Rs 44.8 crore versus Rs 52.4 crore (QoQ)-EBITDA margin at 18.5 percent versus 18.3 percent (QoQ)
LG Balakrishnan Q2-Net profit up 21.3 percent at Rs 21.1 crore versus Rs 17.4 crore (YoY)-Total income up 10.1 percent at Rs 310 crore versus Rs 281.5 crore (YoY)-EBITDA up 27 percent at Rs 45.6 crore versus Rs 35.9 crore (YoY)-EBITDA margin at 14.7 percent versus 12.8 percent (YoY)
Kalindee Rail Q2-Net profit at Rs 1.1 crore versus loss of Rs 8.1 crore (YoY)-Total income up 55.1 percent at Rs 128.4 crore versus Rs 82.8 crore (YoY)-EBITDA at Rs 9.6 crore versus Rs 0.7 crore (YoY)-EBITDA margin at 7.5 percent versus 0.8 percent (YoY)
Jayant Agro Q2-Net profit at Rs 14.1 crore versus Rs 5 crore (YoY)-Total income up 21 percent at Rs 385.3 crore versus Rs 318.5 crore (YoY)-EBITDA up 68.8 percent at Rs 32.4 crore versus Rs 19.2 crore (YoY)-EBITDA margin at 8.4 percent versus 6 percent (YoY)
Jenburkt Pharma Q2-Net profit up 47.1 percent at Rs 5 crore versus Rs 3.4 crore (YoY)-Total income up 13.9 percent at Rs 28.7 crore versus Rs 25.2 crore (YoY)
Ion Exchange Q2-Net profit at Rs 6.9 crore versus Rs 6.1 crore (YoY)-Total income at Rs 201.7 crore versus Rs 195.7 crore (YoY)
FACT-CBI raids residences of FACT officials including CMD Jaiveer Srivastava: PTI-FACT raid in connection with the Gypsum contract corruption case
Sun Pharma says-Got Competition Commission of India (CCI) approval to divest 7 prescription brands to RPG LifeAlert: Company had signed pact with RPG Life in July to divest its 7 brands
GE Shipping-Signs contract to buy Supramax dry bulk carrier of 58,000 dwt-Vessel expected to join company's fleet in Q3FY17
NBCC - Government official says-NBCC offer for sale (OFS) garners approximately Rs 2,200 crore-Healthy demand from banks, FIIs, insurance companies, HNIs for NBCC OFS-Approximately 62 percent of the minority stake sale target met in current fiscal-Approximately Rs 22,500 crore out of Rs 36,000 crore minority stake sale between April 1-October 21Alert: Government garnered Rs 25,000 crore as disinvestment proceeds in FY16Alert: FY17 total disinvestment target including strategic sale at Rs 56,000 crore-Finance ministry may seek Cabinet nod on strategic disinvestment next week
TRAI-Proposes Rs 50 crore penalty/license service area against 3 major telecom companies-Penalty proposed for point of interconnect congestion
Other stocks and sectors that are in news today:-Karnataka Bank ex-date for rights issue, F&O lot size revised to 7300-CIL Nova Petrochemicals ex-date for rights issue-High Ground Enterprise ex-date for 1:10 bonus issue-8k Miles bonus shares to list-Satin Creditcare - CARE upgrades long term rating from BBB+ to A- and preferential share capital from BBB to BBB+-Investment & Precision Castings - CARE reaffirms long term rating of BBB- and short term rating of A3-Globus Spirits liquidated UAE subsidiary – Globus Trade Bay-Empee Distilleries board meeting on October 27 to consider issue of warrants up to Rs 7.05 crore-Zuari Global to acquire 100 percent stake in Horizonview Developers-Central Bank of India board meeting on October 27 to consider issue of shares to LIC-JK Lakshmi Cement board meeting on October 26 to consider issue of non-convertible debentures (NCDs) up to Rs 500 crore-Majestic Research gets BSE approval for further public issue of equity shares-MindTree board decides to withdraw from amalgamation of Magnet 360 with itself-Salzer Electronics board meeting on November 5 to consider merger of Salzer Magnet Wires with itself-Religare Enterprises in focus - Singh brothers to sell Religare Finvest for Rs 6,000 crore: ET-L&T plans to raise USD 500 million via qualified institutional placement (QIP)-P&G plans long term ties with Future Group-ICICI Bank in focus - Baring PE withdraws bid for ICICI Home Finance-Apollo Tyres to set up plant in Hungary-NTPC, REC, Coal India to buy stakes in stranded plants: BS-Punj Lloyd signs pact with India Infra Fund II to divest 3 solar projects (45 MW total)-Torrent Power board to consider NCD issue via private placement on October 27-Power Grid approves 3 investments worth Rs 1,184.45 crore-Ballarpur Industries: Period of exclusivity for deal with JK Paper expired on October 20-Union Bank of India to consider fund raising on October 26-Lakshmi Machine Works board to consider buyback proposal on October 26-M&M acquires 100 percent stake in BSA for Rs 28 crore-Apollo Tyres board approves non-convertible debentures issue of up to Rs 300 crore
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