STOCKS ALERT - 07.05.2014
* A2Z MAINTENANCE ENGINEERING SERVICES: Will seek approval
from shareholders for implementation of a corporate debt-restructuring
package.
* ABB INDIA: Expects revenues to pick up from July with likely recovery in
the India power, transmission, and distribution segment.
* BAJAJ AUTO: Managing Director Rajiv Bajaj said the company is
scheduled to report best-ever profit in 2013-14 (Apr-Mar).
* BHARAT PETROLEUM CORP: The reserve estimates for a Mozambique
block, in which the company owns 10% stake, has been raised further to 50-70
tcf.
* CLARIANT CHEMICALS INDIA: Posted Jan-Mar net profit of 151.30 mln
rupees, down 38.89% from year ago. Net sales fell 1.17% on-year to 2.74 bln
rupees.
* DABUR INDIA: Has decided to invest 3.50 bln rupees on capacity expansion
this fiscal as it expects consumer market to come out of a slowdown over next
two quarters.
* ESSAR OIL: Shareholders have approved purchase of balance stake in
subsidiary Vadinar Power.
* FUTURE CONSUMER ENTERPRISE: The company formerly known as
Future Ventures is in advanced talks to buy out Spykar Lifestyle for 1 bln
rupees in an all-cash or part-cash and stock deal.
* GILLETTE INDIA: Posted Jan-Mar net profit of 84.8 mln rupees, down
* KINGFISHER AIRLNES: Public sector lenders' attempts to recover their 60-
plus bln rupees from company have again hit a roadblock, with no serious bids
for the carrier's trademarks, which they had tried to auction
* A2Z MAINTENANCE ENGINEERING SERVICES: Will seek approval
from shareholders for implementation of a corporate debt-restructuring
package.
* ABB INDIA: Expects revenues to pick up from July with likely recovery in
the India power, transmission, and distribution segment.
* BAJAJ AUTO: Managing Director Rajiv Bajaj said the company is
scheduled to report best-ever profit in 2013-14 (Apr-Mar).
* BHARAT PETROLEUM CORP: The reserve estimates for a Mozambique
block, in which the company owns 10% stake, has been raised further to 50-70
tcf.
* CLARIANT CHEMICALS INDIA: Posted Jan-Mar net profit of 151.30 mln
rupees, down 38.89% from year ago. Net sales fell 1.17% on-year to 2.74 bln
rupees.
* DABUR INDIA: Has decided to invest 3.50 bln rupees on capacity expansion
this fiscal as it expects consumer market to come out of a slowdown over next
two quarters.
* ESSAR OIL: Shareholders have approved purchase of balance stake in
subsidiary Vadinar Power.
* FUTURE CONSUMER ENTERPRISE: The company formerly known as
Future Ventures is in advanced talks to buy out Spykar Lifestyle for 1 bln
rupees in an all-cash or part-cash and stock deal.
* GILLETTE INDIA: Posted Jan-Mar net profit of 84.8 mln rupees, down
68.78%
year ago. Net sales rose 27.67% on-year to 4.55 bln rupees.
* GUJARAT PIPAVAV PORT: Posted Jan-Mar net profit of 610.22
mln rupees, up 72.50% year ago. Net sales rose 26.28% on-year to 1.44 bln
rupees.
* HEXA TRADEX: Foreign institutional investors can now invest up to 74% in
the company.
* HINDUSTAN MOTORS: Sale of passenger car Ambassador slumped to 113
units in April from 407 units a year ago.
* IDEA CELLULAR: Plans to take on rivals BHARTI AIRTEL and Vodafone
India in the lucrative Delhi circle by launching 3G services on its own spectrum
by January.
* HEXA TRADEX: Foreign institutional investors can now invest up to 74% in
the company.
* HINDUSTAN MOTORS: Sale of passenger car Ambassador slumped to 113
units in April from 407 units a year ago.
* IDEA CELLULAR: Plans to take on rivals BHARTI AIRTEL and Vodafone
India in the lucrative Delhi circle by launching 3G services on its own spectrum
by January.
* JINDAL STEEL AND POWER: Has commissioned an 810 MW
captive
power plant for its 6-mln-tn per annum steel plant under Phase-I of its project
in Angul, Odisha
power plant for its 6-mln-tn per annum steel plant under Phase-I of its project
in Angul, Odisha
* KINGFISHER AIRLNES: Public sector lenders' attempts to recover their 60-
plus bln rupees from company have again hit a roadblock, with no serious bids
for the carrier's trademarks, which they had tried to auction
* MAHINDRA HOLIDAYS RESORTS INDIA: Posted Jan-Mar net
profit of
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.
* MAHINDRA & MAHINDRA: Launched its Mahindra 575 tractor in Andhra
Pradesh for "puddling operations.
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.
* MAHINDRA & MAHINDRA: Launched its Mahindra 575 tractor in Andhra
Pradesh for "puddling operations.
* MAHINDRA HOLIDAYS RESORTS INDIA: Posted Jan-Mar net
profit of
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.
* MARUTI SUZUKI INDIA: Is gearing up to launch a completely new Alto
243.87 mln rupees, down 21.15% year ago. Net sales rose 12.47% on-year to
2.11 bln rupees.
* MARUTI SUZUKI INDIA: Is gearing up to launch a completely new Alto
K10 compact hatchback this fiscal to boost volumes.
