Wednesday, 16 January 2019

Stocks in the news: Zee Entertainment, Indiabulls Integrated, MCX, Majestic Auto, DEN


Here are stocks that are in the news today:

Results on Wednesday: MindTree, Phillips Carbon Black, 5Paisa Capital, Motilal Oswal Financial Services, HT Media, DCB Bank

Zee Entertainment Enterprises Q3: Consolidated profit jumps to Rs 562.8 crore versus Rs 373.77 crore; revenue rises to Rs 2,168 crore versus Rs 1,838 crore YoY.

MCX Q3: Consolidated profit jumps to Rs 41.99 crore versus Rs 18.77 crore; revenue increases to Rs 76.93 crore versus Rs 62.81 crore YoY.

Indo Rama Synthetics (India): Board announced issuance of 8,30,00,000 equity shares by way of preferential issue on private placement basis to promoter group company, Indorama Netherlands BV at Rs 36 per share aggregating to Rs 29.88 crore and also issuance of 1,72,00,000 equity shares to Siam Stock Holdings Limited at Rs 36 per share aggregating to Rs 61.92 crore on private placement basis.

Den Networks Q3: Loss at Rs 31.21 crore versus profit at Rs 1.73 crore; revenue dips to Rs 308.4 crore versus Rs 328.2 crore YoY.

Jay Bharat Maruti Q3: Profit falls to Rs 11.22 crore versus Rs 14 crore; revenue rises to Rs 458 crore versus Rs 435 crore YoY.

India Grid Trust Q3: Profit at Rs 51.52 crore versus Rs 68.8 crore; revenue rises to Rs 170.96 crore versus Rs 126.72 crore YoY.

Speciality Restaurants Q3: Profit jumps to Rs 8.44 crore versus Rs 6.7 crore; revenue rises to Rs 98.45 crore versus Rs 79.30 crore YoY.

KPIT Technologies: Board fixed January 25 as the record date for the purpose of identification of shareholders of the company to whom the shares of KPIT Engineering Limited would be allotted.

Tinplate Q3

Net profit up 21.6% at Rs 15.5 crore, Revenue up 15% at Rs 630.1 crore

Dr Reddy’s Laboratories - Audit of Fonnulations Srikakulum Plant (SEZ) Unit I, Andhra Pradesh by the USFDA, has been completed. Issued a Form 483 with 4 observations, which we are addressing.

Solara Active Pharma board meeting on January 18 to discuss various options for capital raising through issuance of securities

Sasken Technologies launches Automotive Center of Excellence in Detroit, USA

Orient Electric is launching a new ceiling fan in the premium range

M&M: Automobili Pininfarina GmbH, a wholly owned subsidiary of Mahindra Automotive Mauritius which in turn is a wholly owned subsidiary of M&M, has acquired 100% of the membership interests in Harkey Acquisition, L.L.C., USA

NGL Fine Chem: ICRA upgraded long term rating to BBB+ (Stable) and short term rating to A2.

Majestic Auto Q3: Profit at Rs 19.05 crore versus loss Rs 1.7 crore; revenue rises to Rs 35.8 crore versus Rs 13.83 crore YoY.

Vikas Proppant & Granite: Company commenced plant implementation of Unit-1 at industrial area, Boronada, Jodhpur and Unit-2 at Kaparda, Jodhpur.

Nahar Industrial Enterprises: Board approved fund raising by issue of 5.5% non-convertible non cumulative redeemable preference shares.

Sasken Technologies: Company launched Automotive Center of Excellence in Detroit, USA.

Century Plyboards: Company has incorporated a wholly owned subsidiary by the name Century Gabon SUARL in Gabon, South Africa, with the object of manufacturing and trading in timber, veneer, plywood and other wood- based products.

Indiabulls Integrated Services: Subsidiary Indiabulls Life Insurance Company has received regulatory R1 acceptance from Insurance Regulatory and Development Authority of India (IRDAI) for its proposed life insurance business.

SKF India: Buyback opening date - January 23 and closing date - February 5.

Commercial Syn Bags: ICRA assigned long term rating at BBB+/Stable and short term rating at A2+ for line of credit of Rs 86 crore.

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Source: Moneycontrol

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