Here are stocks that are in news today:
Motherson Sumi gets order from Daimler-Company to supply exterior & interior systems to Mercedes-Benz vehicle generations-Current orders to generate sales revenue of approximately Rs 15,400 crore
Bharat Forge, Punj Lloyd in focus-Emerge as only contenders for Rs 16800 crore contract: ET-Contract to replace ageing anti-aircraft guns of the Indian Army
Coal India-Company’s subsidiary Eastern Coalfields proposes raising low-grade coal prices: ET-Prices of low grade coal proposed to be hiked by 10 percent
Fund ActionTata Sponge Iron-Merrill Lynch Capital Markets Espana SA SVB sells 1.46 lakh shares at Rs 581.71/shareSanghi Industries-Samruddhi Investors Services Private Limited buys 42.75 lakh shares at Rs 56.25/share (promoter)-Safal Investors Services Private sells 42.75 lakh shares at Rs 56.25/share
Bharti Airtel Q4-Consolidated net profit at Rs 1,255 crore crore versus Rs 1,436 crore (QoQ)-Consolidated revenue at Rs 23,015 crore crore versus Rs 23,217.1 crore (QoQ)-Consolidated EBITDA at Rs 8,051 crore versus Rs 7,785.7 crore (QoQ)-Consolidated EBITDA margin at 35 percent versus 33.54 percent (QoQ)-India wireless revenue at Rs 13,413 crore versus Rs 13,163 crore (QoQ)-India wireless EBITDA at Rs 5,174.4 crore versus Rs 4,879 crore (QoQ)-India wireless EBITDA margin at 38.6 percent versus 37.06 percent (QoQ)-Average revenue per user (ARPU) at Rs 198 versus Rs 202 (QoQ)-Volume at 277.8 billion minutes versus 267.5 billion minutes (QoQ)-Minutes of usage (MOU) at 418 versus 416 (QoQ)-Voice realisation per minute (RPM) at 36.22 paise versus 37.67 paise (QoQ)-Consolidated Africa revenue at Rs 6,215.3 versus Rs 6,627.6 crore (QoQ)-Consolidated Africa EBITDA at Rs 1290.1 crore versus Rs 1495.3 crore (QoQ)-Consolidated Africa EBITDA margin at 20.8 percent versus 22.56 percent (QoQ)
Idea Cellular Q4-Consolidated net profit up 22.8 percent at Rs 942 crore versus Rs 767 crore (QoQ)-Consolidated revenue up 5.1 percent at Rs 8,422.5 crore versus Rs 8,017.5 crore (QoQ)-ARPU at Rs 179 versus Rs 179 (QoQ)-Voice ARPM at 33.90 paise versus 35.60 paise (QoQ)-ARPM at 44.80 paise versus 46.30 paise (QoQ)-MOU up 3.1 percent at 400 versus 388 (QoQ)
Idea Cellular says-Telecom industry will be impacted by TRAI IUC regulations next year-TRAI IUC regulations impact will be in the range of 4.2 percent-4.5 percentAlert: TRAI IUC (interconnect) regulations became effective on March 1-3G data growth at 2.3x Y-o-Y-Margin expansion largely due to 15 established circles which are profitable-Price increases will happen in voice & data services-Expect capex in the range of Rs 5000-5500 crore in FY16-Carefully reviewing adoption of 4G services in global markets-Reviewing prices of 4G equipments & devices
Shriram City Union Q4-Consolidated net profit up 2.6 percent at Rs 155.4 crore versus Rs 151.4 crore (YoY)-Consolidated total income up 10.4 percent at Rs 919.1 crore versus Rs 832.8 crore (YoY)-Board recommends dividend of Rs 10.50/share
Marico Kaya Q4-Consolidated net profit down 40.5 percent at Rs 7.2 crore versus Rs 12.1 crore (QoQ)-Consolidated total income at Rs 87 crore versus Rs 86.2 crore (QoQ)
Snowman Logistics Q4-Net profit at Rs 14.2 crore versus Rs 5.8 crore (QoQ)-Total income up 4.9 percent at Rs 53.8 crore versus Rs 51.3 crore (QoQ)
Navin Fluorine Q4-Net profit down 8.3 percent at Rs 16.6 crore versus Rs 18.1 crore (YoY)-Total income at Rs 146 crore versus Rs 124.4 crore (YoY)
Tata Elxsi Q4-Consolidated net profit up 36.7 percent at Rs 29.8 crore versus Rs 21.8 crore (YoY)-Consolidated total income up 9.4 percent at Rs 231.3 crore versus Rs 211.5 crore (YoY)-Board recommends dividend of Rs 11/share
KPIT Technologies Q4-Consolidated net profit down 69.1 percent at Rs 50.3 crore versus Rs 65.3 crore (QoQ)-Consolidated net sales down 2.2 percent at Rs 763 crore versus Rs 779.8 crore (QoQ) Essel Propack Q4-Consolidated net profit up 66.3 percent at Rs 45.4 crore versus Rs 27.3 crore (YoY)-Consolidated net sales up 3.6 percent at Rs 603 crore versus Rs 582 crore (YoY)
Coromandel Engineering Q4-Net profit at Rs 17.5 crore-Net sales at Rs 124.7 crore
Sterling Holidays Q4-Consolidate net profit at Rs 2.3 crore versus loss of Rs 5.8 crore (YoY)-Consolidate total income at Rs 42.1 crore versus Rs 37.1 crore (YoY)
Gati Q4-Consolidated net profit down 6.6 percent at Rs 11.3 crore (YoY)-Consolidated total income up 8.5 percent at Rs 416 crore (YoY)
Kirloskar Ferrous Q4-Net profit at Rs 1.4 crore versus Rs 10 crore (YoY)-Net sales at Rs 322.6 crore versus Rs 346.2 crore (YoY)
Government mulls setting up UMPPs on sites of existing inefficient power plants: SourcesAlert: UMPP is ultra mega power project of 4,000 MW capacity-Government mulls setting up UMPPs on sites where existing plants 25-30 years old-Land acquisition to be less challenging if sites of existing old power plants used-Feasibility study for setting up UMPP on site of old power plants to be done-Move to help set up an UMPP at a faster pace-Old plants will have statutory clearances in place-May look at third party valuation before bidding for UMPP
Power Ministry official says revised bid document of UMPPs to be submitted by May 15Former Power secretary Anil Razdan on CNBC-TV18-Need to distinguish between domestic & imported coal based UMPPs-Land assessment was easier when UMPP was conceptualised-Need land requirement contract for UMPPs-UMPPs should be located at pit heads of coal mines
Finance Bill passage postponed by a day; will be taken up by Lok Sabha on April 30-Appropriation bill to be moved in Lok Sabha tomorrow-Lok Sabha to take up GST Constitutional Amendment Bill next week
Jharkhand has shown strong commitment to give land for Tilaiya UMPP: Sources-Pertinent to mention Reliance Power moved petition in CERC for higher tariff-Specific time bound commitments were made to give land for Tilaiya UMPP-State government made specific time bound commitments to give land on April 17-Jharkhand, Delhi, Madhya Pradesh, Gujarat, Haryana, Rajasthan to take further necessary action-Procurer states will examine power purchase agreement & take necessary action-Tilaiya UMPP has 10 beneficiary states-Reliance Power has taken unilateral decision to terminate the agreement-Reliance Power has suddenly & unilaterally decided to terminate UMPP
Reliance Power: Sources-In 6 years state government was unable to give possession of even 1 acre of land-Tillaiya UMPP was committed 17,000 acres of land-Petition for higher tariff moved in the ordinary course of business-Any developer would move CERC for tariff if issues pertain to business-Only time bound commitment given in the PPA was that of 6 months for land-Commitment been overshot by 5.5-6 years and there is no end in sight
CCEA may approve revenue sharing model for NELP-X oil & gas blocks: Sources-CCEA may decide to move away from the current cost recovery model under NELP-X-Oil ministry in favour of revenue sharing model as it is less cumbersome than cost recovery model-Cost recovery model slows down E&P activity, involves tedious decision making
CRISIL -Board approves buyback of equity shares up to Rs 102 crore-Buyback of equity shares will be done at maximum Rs 2,310/share
Other stocks and sectors that are in news today:-Sun Pharma gets US FDA nod for painkiller Oxymorphone hydrochloride-Subex says RBI approves conversion price of bonds due July 7, 2017-Kumar Birla set to takeover as chairman on Century Textile, Century Enka; board meet on May 5: ET-Madhya Pradesh government gives nod to 750 mw solar power station to be set up in Rewa district-Naaptol Online raises funds from Japan’s Mitsui-GIC acquires 63.9 percent stake in Nirlon at Rs 222/share-PTC India Financial Services & International Finance Corporation collaborate to boost financing for renewable energy projects-Kalpataru Power bags new orders worth Rs 765 crore-NTPC approves investment proposal worth Rs 1,779 crore for Anantpur project in Andhra Pradesh-CCI clears UltraTech Cement's purchase of Jaiprakash Associates' two cement plants-CCI orders probe against Delhi Development Authority (DDA) for unfair business practices in it's housing scheme: PTI
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