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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
Nifty closed on a negative note today. Following market updates is necessary to frame a wise trading strategy. Consider experts suggested mcx tips and more to improve your trade results and earn good returns.
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