The entity had violated Sebi SAST (Substantial Acquisition of Shares and Takeovers) Regulations by failing to make a public announcement after its shareholding in Stone India crossed 25 percent.
The company's board meeting is scheduled to be held on January 05, 2017 to consider the renewal cum sanction of additional working capital limit by Indian Overseas Bank (IOB) vide their credit advice issued on December 12, 2016.
Claris Lifesciences | Aurobindo Pharma | Jagran Prakashan | Sical Logistics and Bharat Financial Inclusion, are stocks which are in news today.
Goenka says that due to immense amount of competition in the bio-toilets segment, they have had to sacrifise on their margins. He did not disclose the margins expected from the win.
The company has bagged this order via its business associate, Cranberry Westlink T & D Inc.
Bharti Airtel | Videocon | Jet Airways | GTL | Tata Steel | Aditya Birla Nuvo | Bajaj Finserv | Bajaj Finance | Bajaj Auto | Majesco | Narayana Hrudayalaya | Tide Water Oil and Stone India are stocks, which are in news today.
GP Goenka, Chairman of Stone India, talks about the company's performance and future outlook.
Talking to CNBC TV18, GP Goenka, chairman, Stone India gave his views on the Railway Budget 2016.
Stocks likely to be in the news are: Titagarh Wagons, Texmaco Rail and Engineering, Kalindee Rail Nirman (Engineers), Siemens, ABB India, Cimmco,Stone India, BEML, Gateway Distriparks, Navkar Corporation, Castrol India, Crompton Greaves, GVK Power & Infrastructure.
Engineering firm Stone India has bagged an export order worth Rs 20.6 crore from Myanmar. The company manufactures a wide range of mechanical, electronic and electric products primarily for railways.
Tata Motors | TCS | Kotak Mahindra Bank | Ashok Leyland | TVS Motor | Hero Motocorp | Royal Orchid Hotels | Tulsi Extrusions | Cheviot | Stone India | Orbit Corporation | Bharati Shipyard | MIC Electronics | Cable Cords | SAIL | PNC Infratech | Thomas Cook | Kwality and IRB Infrastructure are stocks, which are in the news today.
The government permitted 100 percent foreign direct investment through automatic route in several areas, including high speed trains.
Stone India has reported a sales standalone turnover of Rs 26.27 crore and a net profit of Rs 0.52 crore for the quarter ended Dec '13
Stone India has reported a standalone sales turnover of Rs 27.25 crore and a net loss of Rs 0.86 crore for the quarter ended Sep '13
Stone India has reported a standalone sales turnover of Rs 24.06 crore and a net loss of Rs 0.97 crore for the quarter ended Jun '13
Shares of companies supplying equipment to the Railways fell quite sharply on Tuesday as investors do not see any big orders coming their way from announcements in the Rail Budget.
Railway stocks are in focus on Tuesday as railway minister Pawan Kumar Bansal will deliver his maiden Rail Budget at 12 pm in the Lok sabha today. Six out of eight stocks were under pressure.
Stone India has reported a standalone sales turnover of Rs 24.78 crore and a net loss of Rs 1.02 crore for the quarter ended Dec '12
Railway stocks gained huge buying interest in late trade on Wednesday after Railway Minister Pawan Kumar Bansal announced a hike in railway fares, the first in the last 10 years.
Disappointment was the verdict of traders after India's railway ministry announced plans to borrow Rs 50,000 crore from the market in the 2012-13 fiscal year and to invest USD 147 billion during the next five-year plan.
Shares of Railway companies on Wednesday traded mixed post the Rail Budget announcement.
In the railway budget 2012-13 Railway Minister Dinesh Trivedi said the Ministry will make an investment of Rs 18193 crore in rolling stock.
The BSE Sensex continued to trade with moderate gains after shedding more than 150 points gains from day's high of 18040 level due to higher than expected inflation in February. Index heavyweights Reliance Industries and TCS weighed down the market.
Titagarh Wagons touched an intraday high of Rs 437.25 and an intraday low of Rs 412.25. At 11:52 hrs the share was quoting at Rs 422.05, down Rs 7.80, or 1.81%. It was trading with volumes of 289,668 shares.
Sushil Finance is bullish on Stone India and has recommended buy rating on the stock with a target of Rs 74 in its August 10, 2011 research report.