STOCKS ALERT - 06.05.2014
* ASIAN PAINTS: Has discontinued operations at its plant in Bhandup,
Mumbai, and has offered Voluntary Retirement and Separation Scheme to the
workers.
* ASTRAZENECA PHARMA INDIA: Board has approved seeking
shareholders' nod through postal ballot for delisting.
* CENTURY ENKA: Company's Jan-Mar net profit rose 143% on year to
114.4 mln rupees, even though the net sales fell 11.10% to 3.22 bln rupees.
* CITY UNION BANK: Foreign institutional investors can now acquire up to
35% stake in the bank.
* CREDIT ANALYSIS AND RESEARCH: Foreign intuitional investors can
now acquire up to 74% stake in the company.
* ELECTROSTEEL STEELS: Reported Jan-Mar net loss of 1.14 bln rupees
against 1.22 bln rupees a year ago. Net sales rose up 21.6% to 884.58 mln
rupees.
* EMAMI: Jan-Mar net profit up 18.3% on year to 1.11 bln rupees. Net sales at
4.46 bln rupees.
* EVEREADY INDUSTRIES: Jan-Mar net profit was 12.45 mln rupees
against net loss of 21.52 mln rupees year ago. Net sales were up 13% at 2.57
bln rupees.
* EXIDE INDUSTRIES: Has dropped its plans to bring in a strategic partner
into its life insurance business and has decided to run the operations through
100% ownership instead.
* IDEA CELLULAR: Resumed 3G intra-circle roaming services in 10 circles.
The company will now be able to provide pan-India 3G services.
* ASIAN PAINTS: Has discontinued operations at its plant in Bhandup,
Mumbai, and has offered Voluntary Retirement and Separation Scheme to the
workers.
* ASTRAZENECA PHARMA INDIA: Board has approved seeking
shareholders' nod through postal ballot for delisting.
* CENTURY ENKA: Company's Jan-Mar net profit rose 143% on year to
114.4 mln rupees, even though the net sales fell 11.10% to 3.22 bln rupees.
* CITY UNION BANK: Foreign institutional investors can now acquire up to
35% stake in the bank.
* CREDIT ANALYSIS AND RESEARCH: Foreign intuitional investors can
now acquire up to 74% stake in the company.
* ELECTROSTEEL STEELS: Reported Jan-Mar net loss of 1.14 bln rupees
against 1.22 bln rupees a year ago. Net sales rose up 21.6% to 884.58 mln
rupees.
* EMAMI: Jan-Mar net profit up 18.3% on year to 1.11 bln rupees. Net sales at
4.46 bln rupees.
* EVEREADY INDUSTRIES: Jan-Mar net profit was 12.45 mln rupees
against net loss of 21.52 mln rupees year ago. Net sales were up 13% at 2.57
bln rupees.
* EXIDE INDUSTRIES: Has dropped its plans to bring in a strategic partner
into its life insurance business and has decided to run the operations through
100% ownership instead.
* IDEA CELLULAR: Resumed 3G intra-circle roaming services in 10 circles.
The company will now be able to provide pan-India 3G services.
* IRB INFRASTRUCTURE DEVELOPERS: The Supreme Court has
allowed
the company to collect toll on the IRDP Kolhapur road.
the company to collect toll on the IRDP Kolhapur road.
* INFOSYS TECHNOLOGIES: Vishal Sikka, 46, who on Monday resigned
from the executive board of SAP AG, is understood to be in the fray for the
position of chief executive officer at company.
* TATA STEEL: Specialty steels business of UK-based
subsidiary Tata Steel
Europe has launched an enhanced version of its existing 4145H modified alloy
steel grade to cater to the oil and gas sector.
* TUBE INVESTMENTS OF INDIA: Jan-Mar net profit rose 15.5% on-year at
691.8 mln rupees. Net sales were up 6.9% at 21.51 bln rupees. The company
has announced a final dividend of 0.50 rupee per share.
* UNITED BANK OF INDIA: Jan-Mar net profit shot up 15 times to 4.69 bln
rupees, and total income rose 14.4% to 30.74 bln rupees.
Europe has launched an enhanced version of its existing 4145H modified alloy
steel grade to cater to the oil and gas sector.
* TUBE INVESTMENTS OF INDIA: Jan-Mar net profit rose 15.5% on-year at
691.8 mln rupees. Net sales were up 6.9% at 21.51 bln rupees. The company
has announced a final dividend of 0.50 rupee per share.
* UNITED BANK OF INDIA: Jan-Mar net profit shot up 15 times to 4.69 bln
rupees, and total income rose 14.4% to 30.74 bln rupees.
