Stocks in the news: Tata Steel, Axis Bank, Airtel, Dr Reddys, RCom, IDFC, Zen Tech
Stocks in the news: Tata Steel, Axis Bank, Airtel, Dr Reddys, RCom, IDFC, Zen Tech
Tata Steel | Axis Bank | Bharti Airtel | Dr Reddy's Labs | Bharti Infratel | Cipla | Reliance Communications | IDFC | Zen Technologies | Cadila Healthcare | Jaiprakash Power | Thomas Cook | Ricoh India | Jet Airways | Majesco | Automobile Corporation Of Goa | LIC Housing Finance | Central Bank of India | Bharat Electronics and Sintex Industries are stocks, which are in the news today.
Here are stocks that are in news today:
Results today: Bharti Airtel, Dr Reddy's Laboratories, IDBI Bank, Syndicate Bank, SBI Life Insurance Company, Dabur India, Strides Shasun, Escorts, KPIT Technologies, Divis Laboratories, Tanla Solutions, Capital First, Symphony, Sintex Plastics Technology, Sanofi India, LG Balakrishnan, InterGlobe Aviation, Max Ventures and Industries, Artemis Global Life Sciences, PTL Enterprises, Unichem Laboratories, Swaraj Engines, Zee Media Corporation, Blue Star, DB Corp, Container Corporation of India, EIH Associated Hotels, Welspun Enterprises, IIFL Holdings, Redington (India), LGB Forge, VST Industries, Weizmann Forex, Vaibhav Global, INOX Leisure, Kaya, JSW Steel, Info Edge (India), Ajanta Pharma, Murudeshwar Ceramics, Cholamandalam Investment, IRB InvIT Fund
Tata Steel Q2-Consolidated net profit at Rs 1,017.8 crore versus loss of 49.4 crore (YoY)
-Consolidated revenue up 35.7 percent at Rs 32,464 crore versus Rs 23,921 crore (YoY)
-Consolidated EBITDA up 53.7 percent at Rs 4,720.5 crore versus Rs 3,070.6 crore (YoY)
-Consolidated EBITDA margin at 14.54 percent versus 11.85 percent (YoY)
Sintex Industries Q2 YoY-Revenue up 70 percent at Rs 727 crore
-Margins at 8.2 percent versus 16 percent
-PAT down 37 percent at Rs 28.2 crore versus Rs 4.9 crore
KPR Mills Q2 YoY-Revenue up 16 percent at Rs 616 crore
-EBITDA down 3 percent at Rs 112.5 crore
-Margins down 360 bps at 18.3 percent
-PAT up 1 percent at Rs 63.1 crore versus Rs 62.7 crore
Astra Microwave Products Q2 YoY-Revenue down 39 percent at Rs 54.5 crore
-PAT down 66 percent at Rs 10.3 crore
LMW Q2 YoY-Reduction in tax rate leads to higher PAT
-Revenue down 1 percent at Rs 573 crore
-EBITDA up 25 percent to Rs 63.5 crore
-Margins up 230 bps at 1.1 percent
-PAT up 22 percent at Rs 46.2 crore
Ads by ZINC
-Revenue up 13 percent at Rs 262 crore
-EBITDA up 8 percent at Rs 24.7 crore
-Margins at 9.4 percent
-PAT up 41 percent at Rs 9.57 crore
-Revenue up 17 percent at Rs 201 crore
-EBITDA up 29 percent at Rs 52.2 crore
-Margins up 250bps at 26 percent
-PAT up 34 percent at Rs 29.1 crore
-Net profit at Rs 180.8 crore versus Rs 281.8 crore (YoY)
-Revenue at Rs 2,647.4 crore versus Rs 2,700.8 crore (YoY)
-Net profit down 3.8 percent at Rs 638.14 crore versus Rs 663.9 crore (QoQ)
-Revenue up at Rs 1,658.7 crore versus Rs 1,593.4 crore (QoQ)
Bharti Infratel
-To explore buying additional stake in Indus Towers
-Aim to make Indus Towers fully-owned arm
-Net profit at Rs 2 crore versus Rs 3.8 crore (YoY)
-Revenue at Rs 272.3 crore versus Rs 272.6 crore (YoY)
-Net profit up 50.6 percent at Rs 77.4 crore versus Rs 51.4 crore (YoY)
-Revenue up 29 percent at Rs 142.1 crore versus Rs 110.2 crore (YoY)
-Net profit down 1.2 percent at Rs 489.1 crore versus Rs 494.8 crore (YoY)
-Revenue up 6.7 percent percent at Rs 3,687.4 crore versus Rs 3,456.4 crore (YoY)
-Net profit at Rs 1.9 crore versus Rs 4.1 crore (YoY)
-Revenue at Rs 165.5 crore versus Rs 187.1 crore (YoY)
-NII at Rs 1,708.5 crore versus Rs 1,693.4 crore, up 0.9 percent (YoY)
-Net loss at Rs 750.4 crore versus Rs 641.8 crore (YoY)
-Provisions at Rs 1,961.7 crore versus Rs 1,661 crore (YoY); versus Rs 1,269 crore (QoQ)
-Net profit up 19.1 percent at Rs 412.4 crore versus Rs 346.2 crore (YoY)
-Revenue up 45.4 percent at Rs 2,476.2 crore versus Rs 1,703.1 crore (YoY)
-EBITDA up 75.8 percent at Rs 595 crore versus Rs 338.4 crore (YoY)
-EBITDA margin at 24.03 percent versus 18.86 percent (YoY)
-US arm Q2 revenue up 8.7 percent at USD 30.3 million (QoQ)
-US arm Q2 adjusted EBITDA up 4.9 percent at USD 1 million (QoQ)
-US arm Q2 revenue from cloud business up 28 percent (QoQ), up 48 percent (YoY)
-Wins Rs 224 crore from GOI
-Rs 156 crore for equipment and Rs 68 crore annual maintenance contract
-Zen Technologies, incorporated in 1993, designs, develops manufactures world-class, state-of-the-art training simulators
-To repay debt of Rs 17,000 crore through asset monetization
-To monetize wireless spectrum and tower, fibre, assets
-To repay additional debt of Rs 10,000 crore through sale and commercial development of real estate assets
-New Reliance Communications business will hold only non mobile B2B business and will have a debt of Rs 6,000 crore
-Net debt around Rs 44,000 crore
IDFC says
-Company & Shriram Group unable to reach common ground on swap ratio
-CES agreement between parties stands terminated with immediate effect
-Bain Capital & others in talks with Axis Bank to pick up 5 percent equity stake
-PE investors also looking to pick-up more stake from market
ALERT: Axis Bank says would not like to comment on market speculation
Other stocks and sectors that are in news today:-Cadila Healthcare gets US FDA Nod for Tamoxifen Citrate tablets (used to treat, prevent breast cancer)
-Cipla gets US FDA nod for Zoledronic acid (used for the treatment of certain bone diseases)
-Japan, Promoters of Ricoh India have announced that it will not provide any additional financial support to Ricoh India going forward
-Himadri Chemicals board meet on November 2 to consider QIP
-Thomas Cook has completed acquisition of 100 percent stake of TC Forex Services (formerly known as Tata Capital Forex) from TATA Capital on October 30, 2017
-Brookfield Asset Management, Resurgent Power bid to buy Jaiprakash Power: ET
-Air France-KLM close to forming JV with Jet Airways: ET-Oriental Bank of Commerce to raise upto Rs 1,000 crore by issuing Basel III compliant bonds on private placement basis
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