STOCKS ALERT – 22.05.2014
* CAPITAL FIRST: Future Retail Ltd sold its entire 7.84% stake in the company on
Tuesday for a total consideration of 1.13 bln rupees.
* COAL INDIA: Prime Minister-elect Narendra Modi is exploring breaking up the
company and opening up the sector to foreign investment to boost output and cut imports.
* DCB BANK: Motilal Oswal Asset Management Co bought 1.46 mln shares, or 0.58%
stake, of the bank at 69.39 rupees per share.
* ESSAR SHIPPING: Said it has not received any communication or proposal from its
promoters of their intension to delist the equity shares of the company.
* GEOMETRIC: IDBI Trusteeship Services sold 720,300 shares, or 1.13% stake, of
Geometric for 130.30 rupees a share.
* GODREJ CONSUMER PRODUCTS: The Bombay High Court has temporarily barred
Bharat Chemical Products from selling mosquito repellents under the brand "Good
King", as the name and packaging are similar to the company's "Good Knight" range.
* GTL INFRASTRUCTURE: Said Jan-Mar net loss narrowed to 2.8 bln rupees from 4.4
bln rupees a year earlier, while net income from operations rose to 1.49 bln rupees from
1.43 bln rupees.
* HINDALCO INDUSTRIES: US arm Novelis will pay a dividend of $250 mln or 14.7
bln rupees to the company this year, which will help pare the company's debt.
* HINDUJA GLOBAL SERVICES: Said Jan-Mar consolidated net profit fell to 349.0
mln rupees from 401.7 mln rupees a year earlier, while net sales rose to 6.4 bln rupees
from 5.3 bln rupees.
* JINDAL STEEL: Will seek shareholder approval to increase borrowing limit to 500 bln
rupees.
* MARUTI SUZUKI INDIA: One of the company's three chief operating officers, S.
Maitra, has submitted his resignation.* MOTILAL OSWAL FINANCIAL SERVICES: Motilal Oswal Group company Aspire Home Finance Corp has received a certificate of registration from regulator National
Housing Bank to start its home finance business.
* FINANCIAL TECHNOLOGIES: Initial findings of a special audit being conducted on
MCX Stock Exchange have revealed violations of corporate government norms.
* OIL AND NATURAL GAS CORP: Public Enterprises Selection Board has
recommended Oil and Natural Gas Corp Ltd's Director (Exploration) N.K. Verma for the
post of Managing Director of ONGC Videsh.
* PI INDUSTRIES: Jan-Mar net profit increased 95.7% on year to 451.9 mln rupees
while sales rose 8.5% to 3.6 bln rupees.
* POWER FINANCE CORP: Will seek shareholder approval to raise up to 440 bln
rupees via non-convertible debentures in the current financial year.
* RELIANCE CEMENT: Is eyeing revenue of 18-20 bln rupees and sales of 3.5 mln tn
in the current financial year ending March 2015. * RELIANCE INDUSTRIES: Said subsidiary Reliance Jio Infocomm is making accelerated efforts to rollout 4G telecom services across the country but has not yet set a timeframe for the launch. Mukesh Ambani has kept his salary as the head of the company
capped at 150 mln rupees for the sixth year, while giving a 10-25% increase to other
executive directors.
* SUMEET INDUSTRIES: The Securities and Exchange Board of India has banned
promoters of the company from dealing in the securities markets for three years on
charges of insider trading.
* TATA CONSULTANCY SERVICES: Has won a 290-mln-rupee contract to conduct
the Common Admission Test for the Indian Institutes of Management for five years,
starting this year.
* TATA MOTORS: Morgan Stanley has downgraded its rating to "equal weight" from
"overweight" as it believes the company's consolidated earnings will lag volume growth.
* TEXMACO RAIL: KALINDEE RAIL NIRMAN ENGINEERS's board has approved
merger of the company with Texmaco Rail & Engineering, the former said in a filing to
the exchanges.
* UCO BANK: Healthy growth in net interest income, lower provisions on non- performing assets, and sale of some NPAs prop
* CAPITAL FIRST: Future Retail Ltd sold its entire 7.84% stake in the company on
Tuesday for a total consideration of 1.13 bln rupees.
* COAL INDIA: Prime Minister-elect Narendra Modi is exploring breaking up the
company and opening up the sector to foreign investment to boost output and cut imports.
* DCB BANK: Motilal Oswal Asset Management Co bought 1.46 mln shares, or 0.58%
stake, of the bank at 69.39 rupees per share.
* ESSAR SHIPPING: Said it has not received any communication or proposal from its
promoters of their intension to delist the equity shares of the company.
* GEOMETRIC: IDBI Trusteeship Services sold 720,300 shares, or 1.13% stake, of
Geometric for 130.30 rupees a share.
* GODREJ CONSUMER PRODUCTS: The Bombay High Court has temporarily barred
Bharat Chemical Products from selling mosquito repellents under the brand "Good
King", as the name and packaging are similar to the company's "Good Knight" range.
* GTL INFRASTRUCTURE: Said Jan-Mar net loss narrowed to 2.8 bln rupees from 4.4
bln rupees a year earlier, while net income from operations rose to 1.49 bln rupees from
1.43 bln rupees.
* HINDALCO INDUSTRIES: US arm Novelis will pay a dividend of $250 mln or 14.7
bln rupees to the company this year, which will help pare the company's debt.
* HINDUJA GLOBAL SERVICES: Said Jan-Mar consolidated net profit fell to 349.0
mln rupees from 401.7 mln rupees a year earlier, while net sales rose to 6.4 bln rupees
from 5.3 bln rupees.
* JINDAL STEEL: Will seek shareholder approval to increase borrowing limit to 500 bln
rupees.
* MARUTI SUZUKI INDIA: One of the company's three chief operating officers, S.
Maitra, has submitted his resignation.* MOTILAL OSWAL FINANCIAL SERVICES: Motilal Oswal Group company Aspire Home Finance Corp has received a certificate of registration from regulator National
Housing Bank to start its home finance business.
* FINANCIAL TECHNOLOGIES: Initial findings of a special audit being conducted on
MCX Stock Exchange have revealed violations of corporate government norms.
* OIL AND NATURAL GAS CORP: Public Enterprises Selection Board has
recommended Oil and Natural Gas Corp Ltd's Director (Exploration) N.K. Verma for the
post of Managing Director of ONGC Videsh.
* PI INDUSTRIES: Jan-Mar net profit increased 95.7% on year to 451.9 mln rupees
while sales rose 8.5% to 3.6 bln rupees.
* POWER FINANCE CORP: Will seek shareholder approval to raise up to 440 bln
rupees via non-convertible debentures in the current financial year.
* RELIANCE CEMENT: Is eyeing revenue of 18-20 bln rupees and sales of 3.5 mln tn
in the current financial year ending March 2015. * RELIANCE INDUSTRIES: Said subsidiary Reliance Jio Infocomm is making accelerated efforts to rollout 4G telecom services across the country but has not yet set a timeframe for the launch. Mukesh Ambani has kept his salary as the head of the company
capped at 150 mln rupees for the sixth year, while giving a 10-25% increase to other
executive directors.
* SUMEET INDUSTRIES: The Securities and Exchange Board of India has banned
promoters of the company from dealing in the securities markets for three years on
charges of insider trading.
* TATA CONSULTANCY SERVICES: Has won a 290-mln-rupee contract to conduct
the Common Admission Test for the Indian Institutes of Management for five years,
starting this year.
* TATA MOTORS: Morgan Stanley has downgraded its rating to "equal weight" from
"overweight" as it believes the company's consolidated earnings will lag volume growth.
* TEXMACO RAIL: KALINDEE RAIL NIRMAN ENGINEERS's board has approved
merger of the company with Texmaco Rail & Engineering, the former said in a filing to
the exchanges.
* UCO BANK: Healthy growth in net interest income, lower provisions on non- performing assets, and sale of some NPAs prop
