Here are stocks that are in news today:
Results today: ITC, Dr Reddy's Labs, Glenmark, IDFC, Kotak Mahindra Bank, NTPC, Bank of Baroda, Oriental Bank of Commerce, Dena Bank, Vijaya Bank, Petronet LNG, GATI, HCC, NCC, HSIL, Gujarat Pipavav, Colgate Palmolive, Exide Industries, Thomas Cook, Indoco Remedies, IPCA Labs, Jyothy Labs, Kansai Nerolac, Strides Arcolab, SEQUENT, Shasun Pharmaceuticals, Shemaroo Enterprises, Ashoka Buildcon, Astra Microwave, Essel Propack, Gabriel India, Greaves Cotton, Greenlam Industries, Gujarat Fluorochemicals, IFB Industries, JM Financial, Kokuyo Camlin, KRBL, LG Balakrishnan, Mirza International, NELCO, Nucleus Software Exports, OnMobile Global, Onward Technologies, RSWM, Shanthi Gears, State Bank of Mysore, TTML, Usha Martin, V-Mart Retail, Welspun Enterprises, Zee Learn
Vedanta Q1-Consolidated net profit at Rs 866 crore versus Rs 375 crore (YoY)-Consolidated total income down 1 percent at Rs 17,017 crore versus Rs 17,136.7 crore (YoY)-Consolidated EBITDA down 28.7 percent at Rs 3,992 crore versus Rs 5,602 crore (YoY)-Consolidated EBITDA margin at 23.5 percent versus 32.7 percent (YoY)-Consolidated other income at Rs 893.4 crore versus Rs 1,210 crore (YoY)-Consolidated forex gain at Rs 254.6 crore versus Rs 141.4 crore (YoY)Vedanta says-Remain on track to restart iron ore production at Goa following monsoonVedanta CEO Tom Albanese says-Still on course to meet capex of about USD 1 billion for FY16-Continue to work through regulatory nod process for Cairn India merger
JSW Steel Q1-Consolidated net loss at Rs 107 crore versus profit of Rs 656 crore (YoY)-Consolidated total income at Rs 11,576.2 crore versus Rs 13,254 crore (YoY)-Consolidated operating profit at Rs 1,627 crore versus Rs 2,611.7 crore (YoY)-Consolidated operating margin at 14.1 percent versus 19.7 percent (YoY)
JSW Steel says-Domestic steel industry struggling with high inventories-Strategically increased domestic sales & reduced export sales-Q1 saleable steel volume up 8 percent at 3.11 million tonnes versus 2.88 million tonnes (YoY)-Have increased proportion of value added products-Realisations have got hit owing to low steel prices
JSW Steel to CNBC-TV18-Expect H2FY16 to be better than first half-Expect pricing & supply situation to stabilise post monsoon-High imports from foreign markets significantly hit overall sales performance-Government working to arrest imports from markets like China, Korea-Not shifting but increasing focus on domestic market-Demand in some regions in domestic market remains robust-Will increase focus on domestic retail market in north & south-Working on a detailed plan to refinance & being down costs-Increasing capacity of long product in domestic market-Will balance the product mix between long & flat products
Nestle India Q2-Net loss at Rs 64.4 crore versus profit of Rs 287.9 crore (YoY)-One-time loss of Rs 451.7 crore-Total income down 19.5 percent at Rs 1,957 crore versus Rs 2,432 crore (YoY)-EBITDA down 22.2 percent at Rs 395 crore versus Rs 507 crore (YoY)-EBITDA margin at 20.2 percent versus 20.9 percent (YoY)-Nestle India says net sales worth Rs 288.4 crore reversed in Q1 due to withdrawal of Maggi from market-Nestle India appoints Suresh Narayanan as MD w.e.f August 1
Nestle India MD says-Q1 has been extremely challenging for company-Would like to reassure consumers that company’s products are safe-Making all efforts & will continue to engage with authorities to bring Maggi noodles back on the shelves
NHPC Q1-Net profit up 24.5 percent at Rs 767.2 crore versus Rs 616 crore (YoY)-Net sales down 2.4 percent at Rs 1,986 crore versus Rs 2,034 crore (YoY)-EBITDA down 5 percent at Rs 1,231 crore versus Rs 1,296 crore (YoY)-EBITDA margin at 62 percent versus 63.7 percent (YoY)
Essar Oil Q1-Net profit up 53.8 percent at Rs 1,063 crore versus Rs 691 crore (YoY)-GRM at USD 11.05/barrel versus USD 9.04/barrel (YoY)-Total income down 34.3 percent at Rs 16,340 crore versus Rs 24,855 crore (YoY)-EBITDA up 29.6 percent at Rs 1,802 crore versus Rs 1,390 crore (YoY)-EBITDA margin at 11 percent versus 5.6 percent (YoY)-Raw Materials' cost down 39.9 percent at Rs 13,406 crore versus Rs 22,298 crore
Butterfly Gandhimathi Q1-Net profit at Rs 4.2 crore versus Rs 0.2 crore (YoY)-Total income at Rs 234.4 crore versus Rs 107.7 crore (YoY)
Navin Fluorine Q1-Net profit at Rs 18.1 crore versus Rs 8.5 crore (YoY)-Total income up 15.7 percent at Rs 150.4 crore versus Rs 130 crore (YoY)
WABCO India Q1-Net profit up 54.7 percent at Rs 47.5 crore versus Rs 30.7 crore (YoY)-Total income up 19 percent at Rs 385 crore versus Rs 323.6 crore (YoY)
Hikal Q1-Net profit Down 68.4 percent at Rs 1.8 crore versus Rs 5.7 crore (YoY)-Net sales up 0.6 percent at Rs 191.5 crore versus Rs 190.4 crore (YoY)
Blue Dart Q1-Net profit up 33.3 percent at Rs 45.6 crore versus Rs 34.2 crore (YoY)-Total income up 17.6 percent at Rs 619.6 crore versus Rs 527 crore (YoY)-EBITDA up 41.3 percent at Rs 81 crore versus Rs 57 crore (YoY)-EBITDA margin at 13 percent versus 10.8 percent (YoY)
Excel Crop Care Q1-Net profit down 5.1 percent at Rs 31.5 crore versus Rs 33.2 crore (YoY)-Total income down 12.4 percent at Rs 289.9 crore versus Rs 331 crore (YoY)
Sagar Cements Q1-Net profit at Rs 22.7 crore versus loss of Rs 8.6 crore (YoY)-Total income up 44 percent at Rs 194.7 crore versus Rs 135.2 crore (YoY)
Mphasis Q1-Consolidated net profit down 12 percent at Rs 156.3 crore versus Rs 177.7 crore (QoQ)-Consolidated rupee revenue up 4.7 percent at Rs 1,496.4 crore versus Rs 1,429 crore (QoQ)-Consolidated EBIT up 6.4 percent at Rs 190 crore versus Rs 178 crore (QoQ)-Consolidated EBIT margin at 12.7 percent versus 12.5 percent (QoQ)
Advanta Q1-Consolidated net profit up 39.5 percent at Rs 21.2 crore versus Rs 15.2 crore (YoY)-Consolidated total income down 3.9 percent at Rs 306 crore versus Rs 318.3 crore (YoY)
NTPC to sign fresh power purchase pacts with existing customers-To bundle solar power with thermal: ET
Hindalco seeks 5/25 protection-In talks to refinance loans worth Rs 7000 crore: FE
Cyrus Mistry says-Tata Group FY15 revenue up 5.3 percent at USD 108.78 billion versus USD 103.27 billion (YoY)-Tata Group market cap up 17 percent at USD 134 billion (YoY)-International revenues constituted 68 percent of the group’s revenues-Group invested about USD 10 billion worldwide during FY15-Tata companies should ensure sustainable profitable growth-Sustainable profitable growth key for long term stakeholder value creation-To have omni-channel market place that will integrate store shopping & online buying-To take an initiative will be a digital health & wellness platform-Wellness platform will connect retail clinics, multi-speciality clinics, pharmacies-Digital initiative aimed at arming Tata companies with sharp consumer insights-Consumer analytics division will create a holistic view of the customer
Tata Group to enter into 4th generation business: Sources-Tata Group to start 3 new ventures as part of 4th generation business-Tata Group to start online aggregation platform-Online aggregation platform to include Tata Group’s consumer facing offerings-Tata Group to enter big data/analytics business; to start new company-Tata Group to enter digital/online health market
Karnataka mining case update: Supreme Court-Summons Karnataka Mines secretary to determine progress on category ‘c’ mines' auction-Seeks government schedule for auction of 51 category ‘c’ mines
Karnataka Government-Requires 18 months for exploration of 36 mines-15 mines near commissioning, can be auctioned-Will need 6 months to finalise auctions
Aviation Ministry: Sources-Aviation policy may allow open skies for nations with 5,000 km radius of India-Open skies policy may exclude Gulf Countries, Singapore & Turkey-India likely to open its skies to select neighbours by 2018-India already has open skies with SAARC nations & restricted one with ASEAN-AAI corporatisation may be put on hold
DIPP secretary-Banking, defense sensitive sectors, hence kept out of new composite caps-States given 15 days to respond to new framework for e-commerce sector-Government to finalise National IPR Policy in 3-4 months
IndiGo says-In preliminary discussions with Qatar Airways to explore potential marketing arrangements-Reports about possibility of Qatar Airways acquiring stake in company completely baseless-No talks about any potential equity or other financial investment by Qatar Airways in company
Other stocks and sectors that are in news today:-Sterlite Technologies to recast telecom vertical into separate business: ET-IL&FS Transportation wins Rs 1886 crore NHAI deal in Maharashtra-Eveready mulls entering home appliance business: BS-HDFC will raise Rs 5000 crore business expansion-Bombay High Court to continue hearing Nestle versus FSSAI case today-Syngene IPO update: Overall subscription 31x, QIB 51.47x, retail 4.77x & non-institutional 90.24x
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