Today's top stocks are in news that can make you in profit if invest on these stocks.
Here are stocks that are in news today:
ICICI Bank in focus - Sources
-ICICI Lombard IPO price band fixed at Rs 651-661/share
-ICICI Lombard IPO to raise up to Rs 5,700 crore
Alert: 19 percent shares on offer via ICICI Lombard IPO
Alert: Bank of America Merrill Lynch, ICICI Securities, IIFL advisors to ICICI Lombard IPO
Alert: ICICI Lombard IPO to open for subscription from September 15 to Sep 19
SBI - Sources
-IRDA grants final approval to SBI Life IPO
Alert: SBI Life is life insurance JV between SBI (70.1 percent), BNP Paribas Cardiff (26 percent), KKR & Tamasek (1.95 percent)
Alert: SBI intends to dilute 8 percent & BNP Paribas Cardiff to dilute 4 percent via IPO
SEBI board meet to discuss weekly futures, review stock lending & borrowing
-SEBI board meet to discuss call auction
-SEBI will discuss introduction of weekly futures in single stock futures
-SEBI will review the effectiveness of the call auction mechanism
Steel product - Government says
-Countervailing duty on flat-rolled stainless steel product imports from China
-Countervailing duty on stainless steel product imports from China for 5 years
Tata Motors CEO Guenter Butschek
-Transformation plan targeted topline growth, cost reduction
-Had a difficult start while making the transition from BS-III to BS-IV
-Planned to increase volume & regain market share to boost the topline
-We are engaging in cost reduction across the organisation
-We have re-focussed ourselves to bring products much faster to customers
-Gain in commercial vehicle market share hasn't come because of high discounts
-Wanted to bring accountability in company by reducing management levels from 14 to 5
-Will see bottomline improvement of Rs 1,500 crore due to boost in volumes
-Turnaround of Tata Motors operations will show results by end of this fiscal
-Organisational changes at Tata Motors are now complete
-Auto industry has been criticised for being slow to change
-In talks with government on how to overcome issue of battery cost for EVs
-Will be launching 5-seater SUV on JLR platform in early 2019
-Will be launching 7-seater SUV on JLR platform in 2020
-Feel significantly better about future of PVs now than 18 months ago
-Tata Motors has not taken any decision on future of Nano
Plastiblends Q1FY18 YoY
-Revenue down 2 percent at Rs 144 crore versus Rs 147 crore
-EBITDA down 16 percent at Rs 11.4 crore versus Rs 13.6 crore
-Margins at 8.65 versus 10.1 percent
-PAT down 41 percent at Rs 5.2 crore versus Rs 8.8 crore
Global Vectra Q1FY18 YoY
-Revenue up 5 percent at Rs 99.8 crore versus Rs 94.7 crore
-EBITDA up 12 percent at Rs 17.2 crore versus Rs 15.44 crore
-Margins at 17.2 percent versus 16.3 percent
-PAT down 57 percent at Rs 0.9 crore versus Rs 2.2 crore
-PAT lower due to higher tax rate
ACE Q1FY18 YoY
-Revenue up 23 percent at Rs 201 crore versus Rs 163 crore
-EBITDA up 9 percent at Rs 9.3 crore versus Rs 8.5 crore
-Margins at 4.9 percent versus 5.5 percent
-PAT up 23 percent at Rs 3.7 crore versus Rs 3 crore
-Margins take a hit due to rise in cost of materials
Vaibhav Global Q1FY18 YoY
-Revenue up 5 percent at Rs 329 crore versus Rs 313 crore
-EBITDA up 9 percent at Rs 18.8 crore versus Rs 17.2 crore
-Margins at 5.7 percent versus 5.5 percent
-PAT up 38 percent at Rs 15 crore versus Rs 10.9 crore
Mayur Uniquoters
-11.4 percent equity exchanged in a block deal on Thursday
-Sellers: Jwalamukhi & Westbridge Crossover
-Buyers: Kotak India Midcap Fund; L&T MF
-Key triggers for company: Increased revenue from auto sector, revenue from new PU plant
Equitas
-Cinnamon Capital sells entire 4.89 percent stake in company
-Morgan Stanley (France) S.A (P-Note) buys 3 percent stake in company
Biocon's insulin facility in Malaysia receives EU GMP compliance certificate
Biocon's chief Kiran Mazumdar-Shaw
-Malaysian facility one of Biocon's largest insulin units
-GMP certificate from EU regulator w.r.t insulin glargine application
-Expect US FDA inspection for Malaysian plant going ahead
-Expect Malaysian unit to contribute 3/4th of insulin business revenue going ahead
-Focussing on advancing oral insulin programme, IN-105
Other stocks and sectors that are in news today:
-TCS partners with GE to integrate intelligence into services data lake platform
-Vaibhav Global - CARE upgrades credit rating to A- from BBB+ for long term bank facilities
-Punj Lloyd gets letter of award for construction canal work for total contract value of Rs 870 crore
-FPI cap on CCL Products hiked to 40 percent
-SEBI imposes Rs 2,423 crore penalty on PACL
-IDBI Bank seeks bids to sell 13.71 percent stake in SIDBI
-Brookfield joins race to buy Vodafone & Idea Cellular stakes in Indus Tower: ET
-Orient Green, IL&FS merger talks hit a hurdle: ET
-UCO Bank to sell bad loans worth Rs 2,420 crore from 27 accounts to asset reconstruction companies
-Bombay Dyeing sold a land parcel of 48.457acre for Rs 13.57 crore
-Vista Pharmaceuticals received EIR from USFDA for its formulation facility in Telangana
-Bank of India cuts marginal cost of lending rates to 8.3 percent-Sharda Motor filed petition against Toyo Sharda before NCLT
