Top Stocks In News Today In Indian Share Market

Well researched top stocks which are in news today, Subscribe and get profitable stock tips  free.

Here are stocks that are in news today:

Matrimony.com IPO opens

-Closes on September 13

-Price band Rs 983-985 per share

-Total IPO size Rs 500 crore

-Fresh issue Rs Rs 130 crore

-Offer for sale Rs 370-371 crore with 37.6 lakh shares on offer by Bessemer India Cap, Mayfield XII, CMDB II (JPM) and promoter M Janakiraman & I Janakiraman

IL&FS Engineering

-Gets letter from Paschimanhal Vidyut Vitran Nigam to terminate contract

-As per company, termination of contract is illegal

APL Apollo Q1FY18 YoY

-Revenue up 19 percent at Rs 130 crore versus Rs 1,092 crore

-EBITDA down 5 percent at Rs 78.6 crore versus Rs 82.9 crore

-Margins at 6.8 percent versus 8.5 percent

-PAT down 12 percent at Rs 38 crore versus Rs 43 crore

-As cost of raw material was up 36 percent

Bharat Wire Ropes Q1FY18 YoY

-Revenue up 185 percent at Rs 35.4 crore versus Rs 12.4 crore

-EBITDA loss at Rs 1.7 crore versus Rs 1.6 crore

-Finance cost at Rs 6.4 crore versus Rs 0.46 crore

Kamat Hotels Q1FY18 YoY

-Revenue down 1 percent at Rs 35.4 crore versus Rs 35.6 crore

-EBITDA at Rs 10.5 crore versus loss of Rs 3.1 crore

-PAT at Rs 13 crore versus loss of Rs 1.4 crore

-Finance cost was at Rs 2.1 crore versus Rs 9.9 crore due one time settlement with the bank

Asian Oil Q1FY18 YoY

-Revenue at Rs 51 crore versus Rs 9.2 crore

-EBITDA at Rs 12.2 crore versus loss of Rs 6.1 crore

-PAT at Rs 10.9 crore versus loss of Rs 6.1 crore

Petronet LNG

-India has renegotiated pricing of contract to import LNG from Australia’s Gorgon project

-Petronet LNG gets gas from Australia at double the spot price

M&M, Tata Motors, Maruti Suzuki in focus - Finance Minister Arun Jaitley says

-Council increases cess on mid-size cars by 2 percent

-Council increases cess on big cars by 5 percent, SUVs by 7 percent

-Council maintains status quo on cess for small cars, 13-seaters & hybrid

-CBEC says increased cess cap on cars will be effective from September 11

Jain Irrigation to be in focus

-GST rates on irrigation equipment cut from 18 percent to 12 percent

-Irrigation equipment to become cheaper for farmers hence offtake of equipment to increase

DCB Bank in focus: Reuters

-Pakistan’s Habib Bank to close NY office, pay USD 225 million fine for compliance failures

-Action against Habib Bank for infringing laws designed to combat illicit money transfer

-DCB Bank, Habib Bank have common promoter: Aga Khan Foundation

Cipla

-Gets tentative US FDA nod for HIV drugs, Efavirenz & Emtricitabine

-Gets tentative US FDA nod for HIV drug, Tenofovir Disoproxil Tablet

Other stocks and sectors that are in news today:

-Aurobindo Pharma gets US FDA nod for pelvic inflammation drug Metronidazole tablet

-Deep Industries has received letter of award (LOA) from ONGC for Ankleshwar asset extension worth Rs 2.6 crore

-Oriental Bank of Commerce cuts one-year MCLR to 8.40 percent

-Lanco Infra has decided to exit its real estate investment to refocus on its core business

-Coal India to initiate long term supply contracts to supply 40mn tonnes under the Shakti scheme

-Wind developers upset over Karantaka tariff order that reduces the feed in tariff for discoms from Rs 4.5 per KWH to 3.74 per KWH

-Bharti Airtel, Idea Cellular in focus- Department of Telecommunications makes telecom gear testing must from October 2018

-Commodity futures - SEBI mulls lifting decade old ban on tur, urad futures

-Tata Sons to reduce cross-holdings in Tata Chemicals, Tata Power: BS

-CRPL board may meet this week to take a call on 169 McDonald’s stores: BS

-IndiGo (part of InterGlobe Aviation) eyes on wet lease to cash in on winter traffic: BS

-Airtel in talks with handset firms for Rs 2500 4G smartphone: BS

-Zee Entertainment eyes HD English movies with &Prive: ET

-Future Group looking to buyout Hypercity: ET

-Century Textiles may explore merger with Grasim after sale of paper division: BloombergQuint

-Shapoorji Pallonji, SSG Capital plan joint bid for Jyoti Structures acquisition: Mint

-SEBI to reduce mutual funds scheme by half

-China to ban sale of fossil fuel run cars

-ONGC's gas production plan from KG basin may miss June 2019 deadline: Mint

-Pitti Laminations gets shareholder nod to reappoint Sharad B Pitti as chairman & MD

-SC declines bail for Unitech MD Sanjay Chandra for not delivering flats: CNN-News18

-Idea says as directed by NCLT, shareholders, creditors to meet to consider amalgamation among Vodaafone Mobile Services, Vodafone India & Company on October 12-Telecom Commission sources say Rs 3,100 crore from USOF Fund will be used to set up about 4100 towers for uncovered villages; contract has gone to Bharti Airtel

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