STOCKS ALERT - 09.05.2014
* AMTEK AUTO: Posted Jan-Mar net profit of 848.8 mln rupees, down
65.35% year ago. Net sales rose 65.77% year-on-year to 9.10 bln rupees.
* AMTEK INDIA: Posted Jan-Mar net profit of 626.6 mln rupees, up 45.28%
year ago. Net sales rose 71.94% year-on-year to 7.05 bln rupees.
* BENGAL & ASSAM COMPANY: Morgan Stanley Asia (Singapore) sold
57,000 shares or 0.66% stake in the company at 325.35 rupees per share on
BSE.
* BHARAT FORGE: German arm Bharat Forge Aluminumtechnik has won a
250-mln-euro contract (20.86 bln rupees) from a German original equipment
manufacturer for supply of suspension components.
* BHARTI AIRTEL: Is planning to reduce billing charges starting Thursday of
its postpaid customers after they exhaust their 3G and 2G data limit.
* BIRLA CORP: Posted Jan-Mar net profit of 262 mln rupees, down 63.9%
year ago. Net sales rose 16.9% year-on-year to 7.78 bln rupees.
* CAPTIAL FIRST: Posted Jan-Mar net profit of 298.28 mln rupees, up
265.75% year ago. Income from operations rose 35.60% year-on-year to 2.86
bln rupees.
* CITY UNION BANK: Netherlands Development Finance Co sold 23.44 mln
shares, divesting its entire 4.32% stake in the bank at 63 rupees per share.
FINANCIAL TECHNOLOGIES INDIA: The board has appointed
Venkat
Chary, independent non-executive director, as the non-executive chairman. A
Mumbai sessions court sent Jignesh Shah, chairman of the company and
Shreekant Javalgekar, former chief executive officer of MULTI
COMMODITY EXCHANGE OF INDIA, to police custody till May 15.
Chary, independent non-executive director, as the non-executive chairman. A
Mumbai sessions court sent Jignesh Shah, chairman of the company and
Shreekant Javalgekar, former chief executive officer of MULTI
COMMODITY EXCHANGE OF INDIA, to police custody till May 15.
- Bombay High Court has reserved its judgment on the bail
plea of
Anjani Sinha, arm National Spot Exchange's former chief executive officer and
an accused in the payment default at the bourse.
- A communication trail between various financial sector regulators has
shown that they were aware of the regulatory gaps at company's arm National
Spot Exchange as early as 2011.
* FINOLEX CABLES: Commissioned a 5-MW captive solar power plant in
March worth 3.85 mln rupees.
* GLENMARK PHARMACEUTICALS: Posted Jan-Mar consolidated net
profit of 430.66 mln rupees, down 74.97% year ago. Net sales rose 25.93%
year-on-year to 16.82 bln rupees.
Anjani Sinha, arm National Spot Exchange's former chief executive officer and
an accused in the payment default at the bourse.
- A communication trail between various financial sector regulators has
shown that they were aware of the regulatory gaps at company's arm National
Spot Exchange as early as 2011.
* FINOLEX CABLES: Commissioned a 5-MW captive solar power plant in
March worth 3.85 mln rupees.
* GLENMARK PHARMACEUTICALS: Posted Jan-Mar consolidated net
profit of 430.66 mln rupees, down 74.97% year ago. Net sales rose 25.93%
year-on-year to 16.82 bln rupees.
* ZUARI GLOBAL: Posted Jan-Mar net loss of 274.1 mln rupees, against a
profit of 14.6 mln rupees a year ago. Net sales rose 398.90% year-on-year to
1.13 bln rupees.
profit of 14.6 mln rupees a year ago. Net sales rose 398.90% year-on-year to
1.13 bln rupees.
* ULTRATECH CEMENT: CRISIL has reaffirmed AAA/Stable rating on the
company's non-convertible debentures.
* UNITED SPIRITS: Alliance Global Group Inc has emerged as
the highest
bidder for the Whyte & Mackay spirits business of the company.
bidder for the Whyte & Mackay spirits business of the company.
* TATA POWER: Supreme Court dismissed Brihanmumbai Electric
Supply
and Transport's plea seeking to restrain company from laying a distribution
and Transport's plea seeking to restrain company from laying a distribution
* SUPREME PETROCHEM: Company's up to 6-mln-share buyback
will open
on Friday.
on Friday.
* SINTEX INDUSTRIES: Posted Jan-Mar consolidated net profit
of 1.61 bln
rupees, up 6.76% year ago. Net sales rose 41.97% year-on-year to 19.83 bln
rupees.
rupees, up 6.76% year ago. Net sales rose 41.97% year-on-year to 19.83 bln
rupees.
* SHRIRAM CITY UNION FINANCE: Vontobel Funds has sold
410,000
shares of the company on the National Stock Exchange and 597,257 shares on
BSE at 1,265 rupees per share.
shares of the company on the National Stock Exchange and 597,257 shares on
BSE at 1,265 rupees per share.
* RELIANCE INDUSTRIES: The government has moved the Delhi
High
Court seeking quashing of the first information report filed by the then Aam
Aadmi Party-led Delhi government on alleged collusion between the company
and the Centre on increase in price of gas produced from the Krishna Godavari
basin.
Court seeking quashing of the first information report filed by the then Aam
Aadmi Party-led Delhi government on alleged collusion between the company
and the Centre on increase in price of gas produced from the Krishna Godavari
basin.
* RAIN INDUSTRIES: ICICI Prudential Mutual Fund bought 20.50 mln
shares or 6.09% stake in the company on Tuesday
* OK PLAY INDIA: Dugar Growth Fund sold 200,000 shares or
1.17% stake
in the company at 39.61 rupees per share on BSE.
in the company at 39.61 rupees per share on BSE.
* NTPC: Faced with increase in unrequisitioned power
surpluses--which more
than doubled to 43 bln units in 2013-14 from a year ago--company has
proposed a price pooling system that will help lower per-unit cost of power for
its newer plants.
than doubled to 43 bln units in 2013-14 from a year ago--company has
proposed a price pooling system that will help lower per-unit cost of power for
its newer plants.
* NMDC: Has revised up the estimate of iron ore reserves in
its Donimalai
mine in Karnataka by almost seven times to 111 mln tn from an earlier 17 mln
tn.
mine in Karnataka by almost seven times to 111 mln tn from an earlier 17 mln
tn.
* MAHINDRA & MAHINDRA: Company-controlled SsangYong
Motor Co is
searching for a new identity because its name is considered a Chinese brand in
some markets.
searching for a new identity because its name is considered a Chinese brand in
some markets.
* JET AIRWAYS INDIA: The Securities and Exchange Board of India
exempted Abu Dhabi's Etihad Airways from making an open
offer to minority
shareholders of the company.
shareholders of the company.
* JAIPRAKASH POWER VENTURES: The Competition Commission
of
India has approved acquisition of two special purpose vehicles of the company
engaged in power projects by a consortium led by TAQA India Power
Ventures.
India has approved acquisition of two special purpose vehicles of the company
engaged in power projects by a consortium led by TAQA India Power
Ventures.
* JAI CORP: Posted Jan-Mar net profit of 178.10 mln rupees, down 2.68%
year ago. Net sales rose 24.28% year-on-year to 2.01 bln rupees
* INFOSYS: The attrition rate of onsite employees has gone
up substantially
over the past two quarters and it is much higher than company's overall average
of 18.7% for 2013-14 (Apr-Mar).
over the past two quarters and it is much higher than company's overall average
of 18.7% for 2013-14 (Apr-Mar).
* INDIAN HOTELS: Will open Taj Dubai, a 296-room hotel in the desert city,
in the Oct-Dec quarter.
* HINDUJA GLOBAL SOLUTIONS: Credit Suisse (Singapore) sold 933,000
shares or 4.53% stake in the company at 500.02 rupees per share.
* GUJARAT ALKALIES AND CHEMICALS: A fire that broke out at
the
Dahej complex of the company on Thursday was been bought under control
with no reported casualties
Dahej complex of the company on Thursday was been bought under control
with no reported casualties
* GLENMARK PHARMACEUTICALS: Posted Jan-Mar consolidated
net
profit of 430.66 mln rupees, down 74.97% year ago. Net sales rose 25.93%
year-on-year to 16.82 bln rupees.
* GULF OIL CORP: Posted Jan-Mar net profit of 183.55 mln rupees, up 6.17%
year ago. Net sales rose 2.32% year-on-year to 2.71 bln rupees.
profit of 430.66 mln rupees, down 74.97% year ago. Net sales rose 25.93%
year-on-year to 16.82 bln rupees.
* GULF OIL CORP: Posted Jan-Mar net profit of 183.55 mln rupees, up 6.17%
year ago. Net sales rose 2.32% year-on-year to 2.71 bln rupees.
