STOCKS ALERT – 21.05.2014
*ADANI POWER: Plans to set up 10,000 MW thermal power plant in Gujarat and a
bulk of the electricity produced there is likely to be exported to Pakistan.
* BALLARPUR INDUSTRIES: Said it has temporarily shut down its Kamalapuram
plant at Warangal in Andhra Pradesh, citing adverse global and domestic market
condition for rayon grade pulp.
* CAIRN INDIA: The Directorate General of Hydrocarbons has turned down its request
for a 10-year extension to the production-sharing contract for its Barmer block.
* CREDIT ANALYSIS AND RESEARCH: Posted Jan-Mar net profit at 413.03 mln
rupees, up 16% on-year, and total income at 756.65 mln rupees, up 19.5%.
* CORE EDUCATION & TECHNOLOGIES: IDBI Trusteeship Services sold 1.4 mln
shares or 1.23% stake in the company for 12.14 rupees per share on the
National Stock Exchange.
* GATI: Macquarie Bank has bought 1.02 mln shares, or 1.2% stake, of the company in a
bulk deal.
* ELDER PHARMA: Denied reports that the company had committed $1.3 bln in the
form of loans to its wholly owned subsidiary in the United Arab Emirates.
* ESSAR OIL: Net profit for the quarter ended March jumped five-fold to 10.08 bln
rupees from 2.0 bln rupees a year ago, led by an improvement in refining margins, a
decline in finance costs, and foreign exchange gains.
* HDFC BANK: The Department of Industrial Policy and Promotion and the Department
of Economic Affairs did not take any decision on the bank's foreign investment proposal.
* J KUMAR INFRAPROJECTS: Reported Jan-Mar net profit of 312.9 mln rupees, up
35.06% on year, on the back of robust sales growth and a 187-basis-point rise in
operating margin. The company said it has secured orders worth 4.67 bln rupees from
various clients.
*ADANI POWER: Plans to set up 10,000 MW thermal power plant in Gujarat and a
bulk of the electricity produced there is likely to be exported to Pakistan.
* BALLARPUR INDUSTRIES: Said it has temporarily shut down its Kamalapuram
plant at Warangal in Andhra Pradesh, citing adverse global and domestic market
condition for rayon grade pulp.
* CAIRN INDIA: The Directorate General of Hydrocarbons has turned down its request
for a 10-year extension to the production-sharing contract for its Barmer block.
* CREDIT ANALYSIS AND RESEARCH: Posted Jan-Mar net profit at 413.03 mln
rupees, up 16% on-year, and total income at 756.65 mln rupees, up 19.5%.
* CORE EDUCATION & TECHNOLOGIES: IDBI Trusteeship Services sold 1.4 mln
shares or 1.23% stake in the company for 12.14 rupees per share on the
National Stock Exchange.
* GATI: Macquarie Bank has bought 1.02 mln shares, or 1.2% stake, of the company in a
bulk deal.
* ELDER PHARMA: Denied reports that the company had committed $1.3 bln in the
form of loans to its wholly owned subsidiary in the United Arab Emirates.
* ESSAR OIL: Net profit for the quarter ended March jumped five-fold to 10.08 bln
rupees from 2.0 bln rupees a year ago, led by an improvement in refining margins, a
decline in finance costs, and foreign exchange gains.
* HDFC BANK: The Department of Industrial Policy and Promotion and the Department
of Economic Affairs did not take any decision on the bank's foreign investment proposal.
* J KUMAR INFRAPROJECTS: Reported Jan-Mar net profit of 312.9 mln rupees, up
35.06% on year, on the back of robust sales growth and a 187-basis-point rise in
operating margin. The company said it has secured orders worth 4.67 bln rupees from
various clients.
