Stocks in news: ITI, Punj Lloyd, TCS, Hero Honda, RNRL

Published on Wednesday, July 1st, 2009 at 9:57 AM
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Author: admin (5507 Articles)

Here are stocks that are in news today:
TCS
-To bid for national ID card project
-Ratan Tata says FY10 capex seen at Rs 1,300 crore: NW18

RNRL says
-Gas price, quantity, tenure adequately covered in judgment
-There is no ambiguity on these aspects in judgment
Law Secretary says have received no reference from oil ministry on RIL-RNRL gas dispute

RIL says:
-Can’t sign agreement without government nod on price, quantity, tenure
-Lack of clarity on this aspect in the judgment
-Still in process of talks with legal advisors

BHEL: Exclusive – Sources
-80% of Q1 FY10 orders from private companies
-Orders from private sector worth Rs 9,000-10,000 crore
-Orders for almost 2500 MW from private players
-Likely to post 20-25% sales growth in Q1 (YoY)
-Likely to post 25-30% profit growth in Q1 (YoY)
-Chasing railway locomotive order worth Rs 750-1,000 crore

Hero Honda June Sales
-Total sales down 4.4% to 3.65 lakh units vs 3.82 lakh units (MoM)
-Total sales up 24% to 3.65 lakh units vs 2.95 lakh units (YoY)

Finance Ministry Says: From Agencies
-Reviews ECB (external commercial borrowing) rules for real estate firms
-Overseas borrowing rules for developers extended till December
-Alert: Previous deadline for overseas borrowing was June-end
-To allow SEZ (Special Economic Zone) developers to avail overseas borrowing

Telecom Secretary Says: From NW18
-Looking at appointing advisor for ITI disinvestment
-ITI disinvestment consultant appointment by July-end
-ITI FY10 order book seen at Rs 6,800 crore
-Govt to write off Rs 2824 crore cumulative ITI losses
A Raja says 3G auction within 3 months of EGoM decision

City Union Bank board approves
-Rights issue of 8 crore shares @ 1:4
-QIP issue of up to Rs 300 crore

Ispat Q4 YoY
-Net sales down 54% at Rs 1,042 crore versus Rs 2279 crore
-OPM 0% (just about positive at operating levels) versus 11%
-Net loss at Rs 38 crore versus net profit of Rs 49 crore

Gujarat State Petronet Q4
-Net Sales up 131.98 crore versus Rs 116.1 crore
-OPM down 316 bps at 85.54% versus 88.71%
-Net Profit down 14.32% at Rs 34.75 crore versus Rs 40.56 crore
-Other Income down 49.7% at Rs 4.42 crore versus Rs 8.79 crore
-FY09 EPS: Rs 2.2 versus 1.81 (CMP: 48.25)

Indian Hotels FY09 Cons
-Sales down 10.9% at Rs 2600.6 crore versus Rs 2920 crore
-OPM at 18.18% versus 30.55%
-Net profit down 96.49% at Rs 12.46 crore versus Rs 354.9 crore
-Interest Costs up 14% at Rs 230.5 crore versus Rs 202.3 crore
-Exchg Loss of Rs 46.6 crore versus gain of Rs 17.1 crore

Omaxe FY09 Consolidated
-Net sales at Rs 798.8 crore versus Rs 2,281.6 crore
-Net profit at Rs 41.3 crore versus Rs 494.9 crore

Bombay Dyeing FY09 Standalone
-Net sales at Rs 1,316.3 crore versus Rs 933.7 crore
-Net loss at Rs 194.6 crore versus net profit of Rs 16.7 crore
Q4 Standalone
-Net sales at Rs 436.9 crore versus Rs 347.7 crore
-Net profit at Rs 15.5 crore versus Rs 21.5 crore

Monnet Ispat Q4 Standalone (QoQ)
-Net sales at Rs 370.1 crore versus Rs 400.1 crore
-Net profit at Rs 50.2 crore versus Rs 33.5 crore
FY09 Cons (YoY)
-Net sales at Rs 1,568 crore versus Rs 1,159.1 crore
-Net profit at Rs 212.6 crore versus Rs 166.2 crore

Network18 FY09 Consolidated
-Net sales at Rs 760.2 crore versus Rs 650.2 crore
-Net loss at Rs 181.9 crore versus net profit of Rs 4.5 crore

EIH FY09
-Net profit at Rs 170 crore
-Net sales at Rs 1,073 crore

Simplex Infra Q4 YoY
-Net sales up 45% at Rs 1386.05 crore versus Rs 956.82 crore
-OPM at 8% versus 9.3%
-PAT up 3% at Rs 29.86 crore versus Rs 28.97 crore

Brandhouse Retail FY09 YoY
-Net sales up 76% at Rs 552.35 crore versus Rs 313.79 crore
-OPM at 7.4% versus 9.6%
-PAT up 2.05% at Rs 13.38 crore versus Rs 13.11 crore

Other stocks that are in news today:
Pipavav Shipyard plans Rs 500 crore IPO: DJ ((original aim was Rs 1200 crore; Punj Lloyd holds 24.5% stake in company))
Tech Mahindra open offer for Satyam closes today (offer at Rs 58/sh – CMP Rs 71)
Shree Renuka successfully closes QIP issue
SBI cuts home loan rates for first 3 years
Kingfisher results delayed, company has sought SEBI approval for defer
RE Power in talks to sell 15% to foreign investors – BS
Vybra Automet open offer at Rs 10/share
Rolta India buys back bonds worth $38.3 million
Indian Overseas Bank cuts BPLR by 50 bps to 12%
Avery India delisting offer closes today
SI Group buy back opens today

Source : MoneyControl

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