BayerCorp | Sun TV | Polaris | Den Networks | SKS Microfinance | Reliance Broadcast | Mahindra Holidays | Koutons Retail | Dunlop India | Apollo Hospitals | Ambuja Cements and Infosys are stocks, which are in the news today.
Koutons Retail India has reported a sales turnover of Rs 3.32 crore and a net loss of Rs 39.66 crore for the quarter ended Sep '12
Stocks of retail companies today climbed over 11% after the government implemented its decision to allow FDI in multi-brand retail sector.
Shares of Koutons Retail gained as much as 15.4% to hit an intraday high of Rs 8.48% on Friday after the company said it has considered the preferential issue of equity shares to promoters and others by way of preferential allotment/private placement/QIP/ADR/GDR/FCCB issues or by any other means for a value upto USD 200 million yesterday.
Retail stocks were under pressure on Monday after a tussle between ruling party United Progressive Alliance (UPA) and other parties over approval to the foreign direct investment (FDI) in retail sector. Pantaloon Retail plunged 10%.
Most retail stocks recovered on Wednesday after some tough talking by Prime Minister Manmohan Singh raised hopes that the government would stay firm on its decision to allow 51% foreign direct investment in multi-brand retail.
Koutons Retail may settle around Rs 20, says SP Tulsian of sptulsian.com.
Ailing Koutons Retail has got some respite as bankers have approved its debt restructuring package.
Apparel manufacturer Koutons Retail has admitted that debt clouds are hanging over the company and there is no other option than planning for debt restructuring to recast debt.
Koutons Retail India has reported a sales turnover of Rs 109.79 crore and a net loss of Rs 63.15 crore for the quarter ended Dec '10