Stocks In The News:
Hindalco, BPCL, Tata Chemicals, Religare, Thermax, RComm, SMS Pharma
State Bank of India | Hindalco Industries | ONGC | BPCL | HPCL | IOC | Tata Chemicals | Jubilant Foodworks | Jet Airways | Religare Enterprises | Thermax | Reliance Communications | WPIL | HFCL | SMS Pharma | India Cement and InterGlobe Aviation are stocks, which are in the news today.
Here are stocks that are in news today:
Jet Airways says
-Capacity addition by India airlines continue to affect yields
-Facing weaker demand in Gulf
-Increase in fuel prices not fully passed to customers
-Will add 8 new planes this financial year
-Adding bigger planes at Mumbai to offset airport congestion
Jubilant Foodworks
-All of our food ingredients are safe for consumption
-Company maintains strict hygiene & quality standards for its products
-All vendors & manufacturing units are FSMS certified
Reliance Communications
-Ericsson filed petition under Insolvency & Bankruptcy Code (IBC) provisions for recovery of Rs 491.4 crore
-NCLT has adjourned the matter to September 26
-Company intends to challenge petitions filed by Ericsson India
India Cement
-NCLAT (National Company Law Appellate Tribunal) has passed order dismissing appeal filed by minority shareholders of Trinetra Cement
-NCLAT upholds NCLT sanctioning the scheme of amalgamation
IndiGo QIP (InterGlobe Aviation subsidiary)
-Board finalised that the issue will open & close on the same day, September 15
-Price band for the issue set at Rs 1,125 to Rs 1,175 per equity share
Electric Vehicle
-Karnataka state cabinet clears ‘Electric Vehicle & Energy Storage Policy 2017’
-Karnataka becomes first state to move on a policy for electric vehicles
-Karnataka hopes to attract Rs 31,000 crore through new electric vehicle policy
Tata Chemicals
-In talks with Indorama Holdings for potential sale of phosphatic fertiliser business in Haldia
-In talks with Indorama BV Holdings, Netherlands
-Enters exclusivity agreement with Indorama Holdings which expires October 31
Godrej Properties
-Adds new project in Thane, Maharashtra in JV with Nirmal Ventures
-To develop approximately 1.95 lakh square metre of saleable area
Aurobindo Pharma
-Form 483 issued to Aurobindo’s Unit VI in Hyderabad
-US FDA issues 2 observations to Aurobindo's Unit VI in Hyderabad
-Unit VI was inspected from August 28 to September 1
-US FDA observations for Aurobindo's Hyderabad Unit VI
-No written procedures for production & process controls
-Control procedures are not established which validate some manufacturing processes
SMS Pharma Q1FY18 YoY
-Revenue up 43 percent at Rs 132 crore versus Rs 92.5 crore
-EBITDA up 30 percent at Rs 19.7 crore versus Rs 15.2 crore
-Margins at 14.9 percent versus 16.4 percent
-PAT up 119 percent at Rs 9.2 crore versus Rs 4.2 crore
WPIL Q1FY18 YoY
-Revenue up 79 percent at Rs 75.7 crore versus Rs 42.3 crore
-EBITDA up 14 percent at Rs 6.7 crore versus Rs 5.9 crore
-Margins at 8.9 percent versus 13.9 percent
-PAT up 89 percent at Rs 5.3 crore versus Rs 2.8 crore
Other stocks and sectors that are in news today:
-Cadila Healthcare gets tentative US FDA nod for Solifenacin Succinate tablets (used to treat overactive bladders)
-Teva gets tentative US FDA nod for diabetes drug, Linagliptin tablet
-HFCL is no longer under the corporate debt restructuring (CDR) mechanism
-Thermax Group bags export contract of USD 43 million
-WPIL closes operations of UK Subsidiary
-DCM - CRISIL downgrades long term bank facilities to BB+ from BBB-
-BPCL to invest Rs 1.08 lakh crore in 5 years to expand business operations: BS
-Hindalco looks to export alumina from Odisha unit: Mint
-Lupin's arm recalls 12,888 bottles of ulcer drug in US
-Bharti Airtel partners Korea’s SK Telecom for 5G, network augmentation: BW
-Religare instituional shareholders move court seeking ouster of board: ET
-Hindalco may prepay upto Rs 1,100 crore debt this month
-Adani, Tata, JSW Energy show interest - 11 buyers line up for Jaiprakash Power: BS
-IOC, HPCL, BPCL in focus - Government official says no plan to review excise on petrol, diesel
-SBI Life IPO to open on September 20-PSU Banks in focus - Rajasthan government to waive debts for 50,000 farmers.
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