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Stocks in news: HPCL, Infosys, Shriram EPC, MEP, Shree Renuka

HPCL | Infosys | IIFL | Vipul | Bharat Forge | Birla Corp | MEP Infra | HFCL | JK Tyres and Shree Renuka Sugars are stocks, which are in the news today.

August 23, 2016 / 10:24 AM IST
 
 
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Here are stocks that are in news today:Results today: Aurobindo Pharma, Tata Power, Gillette, Nectar Lifesciences, Indo Count Industries, Engineers India, Sundaram Brake Lining

HPCL Q1-Net profit up 30 percent at Rs 2,098.4 crore versus Rs 1,614.1 crore (YoY)-Total income down 5.8 percent at Rs 51,661 crore Rs 54,822.3 crore (YoY)-EBITDA up 17 percent at Rs 3,626.8 crore versus Rs 3,101.2 crore (YoY)-EBITDA margin at 7 percent versus 5.7 percent (YoY)-GRM at USD 6.83/barrel versus USD 8.56/barrel (YoY)-Crude throughput up 19.5 percent at 4.48 mmt versus 3.75 mmt (YoY)-Domestic sales up 5.1 percent at 8.89 mmt versus 8.46 mmt (YoY)-Pipeline throughput at 4.65 mmt versus 4.64 mmt (YoY)HPCL board-Recommends bonus issue in the ratio of 2:1-Approves expansion of Vizag refinery to 300,000 barrels per day-Approves expansion of Vizag refinery at investment of Rs 20,928 croreHPCL CMD M K Surana says-Q1 growth stands at 30 percent-GRM for Q1 stands at USD 6.83/barrel        -Q1 saw inventory gain of Rs 1,100 crore-Q1 marketing margin at same level as last year-Expect volume growth to be above last year’s level

Shree Renuka Sugars Q1-Net profit at Rs 3.2 crore versus loss of Rs 150.2 crore (YoY)-Total income up 2.8 percent at Rs 1,629.1 crore versus Rs 1,584.8 crore (YoY)-EBITDA at Rs 114.6 crore versus EBITDA loss of Rs 121.4 crore (YoY)-Other income at Rs 15.1 crore versus Rs 6.6 crore (YoY)

Allcargo Logistics Q1-Consolidated net profit down 8.4 percent at Rs 61 crore versus Rs 66.6 crore (YoY)-Consolidated total income down 4.5 percent at Rs 1,398.9 crore versus Rs 1,465.2 crore (YoY)-Consolidated EBITDA down 3.2 percent at Rs 133.2 crore versus Rs 137.6 crore (YoY)-Consolidated EBITDA margin at 9.5 percent versus 9.4 percent (YoY)

HFCL Q1-Net profit down 57.9 percent at Rs 46.1 crore versus Rs 109.4 crore (YoY)-Total income down 19.4 percent at Rs 504 crore versus Rs 625.4 crore (YoY)-EBITDA down 29 percent at Rs 63.7 crore versus Rs 89.7 crore (YoY)-EBITDA margin at 12.6 percent versus 14.3 percent (YoY)-HFCL to issue non-convertible debentures (NCDs) worth Rs 33.75 crore to lenders for corporate debt restructuring (CDR) exit recompense

SAIL says-Electrosteel Castings (ECL) lenders approached company to take over only supervision of operations & maintainance-Discussions on to take over supervision of ECL, no decision yet-No negotiations with lenders to take over management control of Electrosteel

L&T Defence & Aerospace says:-Not overly optimistic of foreign inflows into defence in FY17-Major programmes involving foreign governments will lead to pick up in orders-Small arms sector remains an SME game; not something company is interested in-Future growth will come from warships, submarines, big artillery guns & FICV-Invested in 8 special purpose factories for defence goods-Hope to meet Rs 18,000-Rs 20,000 crore worth of orders in FY17-Q1 not great, but hope to get Rs 5,000-Rs 6,000 crore orders in H1FY17

JK Tyre CMD Raghupati Singhania says-Cavendish acquisition will strengthen company's market position-May see upward pressure on input prices in next 6 months-Improving efficiencies, re-inventing technology to help cut costs-Mining sector has not picked up as expected-Not seeing a lot of  international demand-Domestic demand picking up, but at a slow pace-Demand pick up may take another 6 months-Chinese dumping has increased 45 percent YoY

Infosys to CNBC-TV18-There are no layoffs at Infosys-There have been a few separations due to performance & disciplinary issues-Separations take place on an ongoing basis, no different from previous years-Separations not connected with any business situation-Number of separation reported in news incorrect, actual number far below

Other stocks and sectors that are in news today:-Biocon receives tentative US FDA approval for Rosuvastatin calcium tablets-Shriram EPC' Sharjah unit wins contract worth Rs 1,530 crore from MISCO, Oman-IIFL board to consider issue of Rs 390 crore market-linked NCDs on August 25-Union Bank issues Basel III compliant Tier II bonds worth Rs 1,000 crore via private placement-Vipul board to meet on September 9 to consider early redemption of NCDs worth Rs 47 crore-Titagarh Wagons in focus: Titagarh Agrico becomes wholly owned unit post buy of 11.27 lakh shares-Bharat Forge in focus: Bombay HC approves amalgamation of BF Infra Ventures into BF Infrastructure-Birla Corp completes acquisition of Reliance Cement from Reliance Infra-MEP Infra wins Rs 79.2 crore contract for collection of user fee for Ghangari project

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