Stocks in the news: Bajaj Auto, PNB, Manappuram Finance, Blue Dart, ACE, Mindtree

Here are the stocks that are in the news today:

Results Today: Bajaj Auto, Dr. Reddy's Laboratories, IOC, Ajmera Realty, Allsec Technologies, Arvind, Bajaj Holdings, Balkrishna Industries, CESC, Corporation Bank, Engineers India, Jubilant Life Sciences, Sical Logistics, Sobha, UPL, Zee Learn

Universal Cables Q4: Net profit up 16.7% at Rs 22 crore versus Rs 18.4 crore, revenue up 9.4% at Rs 410.4 crore versus Rs 375.2 crore, YoY

Blue Dart Q4: Net profit down 62.3% at Rs 12.9 crore versus Rs 34.1 crore, revenue up 8.7% at Rs 779.3 crore versus Rs 717 crore, YoY

JK Tyre Q4: Consolidated net profit down 76.9% at Rs 34 crore versus Rs 145.3 crore

Bajaj Finserv Q4: Consolidated net profit up 31.7% at Rs 839 crore, revenue up 43.5% at Rs 12,994.5 crore

Igarashi Motors Q4: Net profit at Rs 7.1 crore versus Rs 24.6 crore, revenue at Rs 142.2 crore versus Rs 157.3 crore, YoY

Neuland Labs Q4: Net profit down 16% at Rs 7 crore versus Rs 8 crore, revenue up 7.8% at Rs 172,7 crore versus Rs 160.2 crore, YoY

Jubilant Industries Q4: Net loss at Rs 5.16 crore versus Rs 3.37 crore, revenue up 28.6% at Rs 142 crore versus Rs 110 crore, YoY

Kirloskar Brothers Q4: Net profit up 11.7% at Rs 36.3 crore versus Rs 32.5 crore, revenue up 22.5% at Rs 761.9 crore versus Rs 622 crore, YoY

Praj Industries Q4: Consolidated net profit up 24.5% at Rs 33 crore versus Rs 26.8 crore, revenue up 34.1% at Rs 368.2 crore versus Rs 274.5 crore, YoY

Johnson Controls -Hitachi Air Conditioning Q4: Net profit up 5% at Rs 42 crore against Rs 40 crore, revenue up 6% at Rs 665.4 crore versus Rs 627.7 crore, YoY

L&T now owns over 26% stake in Mindtree

Trigyn Technologies' subsidiary awarded a contract to provide IT placement services for the Houston Independent School District

ICRA has re-affirmed the long-term rating as A- and short-term credit ratings as A2+ for bank facilities of Kothari Petrochemicals

Manappuram Finance approve to acquire 100% equity shares of Manappuram Asset Finance for Rs 34.21 crore

PNB terminates sale of housing arm to Varde Holdings Pte and General Atlantic Group

ICICI Prudential Life Insurance reduced its stake in Cyient from 5.02% to 2.99%

KDDL subsidiary Ethosopened flagship store in Hyderabad

Minda Industries approved merger of four wholly owned subsidiaries with company

Punjab & Sind Bank reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.05.2019

Action Construction Equipment (ACE) approved the proposal to buyback company's fully paid-up equity shares for an aggregate amount not exceeding Rs 34.25 crore for a price not exceeding Rs 125 per equity share

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Stocks in the news: PNB, Union Bank, JSW Steel, Tata Steel, Dynamatic Tech, Zuari Agro

Here are stocks that are in the news today:

Results on February 21: Anik Industries, Gopal Iron & Steels

PSU Banks: Government to infuse Rs 48,239 crore in 12 PSU banks - Rs 6,896 crore in Allahabad Bank, Rs 9,086 crore in Corporation Bank, Rs 4,638 crore in Bank Of India, Rs 205 crore in Bank of Maharashtra, Rs 5,908 crore in PNB, Rs 4,112 crore in Union Bank, Rs 3,256 crore in Andhra Bank, Rs 1,603 crore in Syndicate Bank, Rs 2,560 crore in Central Bank Of India, Rs 2,839 crore in United Bank, Rs 3,330 crore in UCO Bank and Rs 3,806 crore in Indian Overseas Bank

IL&FS Financial Services: Company is unable to service obligation on interest payment of NCDs worth Rs 4.2 crore.

Steel: Government extends exemption on some imported grades of steel until April 17, 2019.

JSW Steel: Moody's changes company's outlook to positive; affirms all ratings.

Yes Bank: Moody's affirms bank's ratings; outlook changed to stable from negative.

Innovative Ideals & Services India: Company has bagged a new order for FTTH & Video Door Phones for supplying & executing for EPSILON Tower, SD CORP, Shapoorji Pallonji group. The value of the order is Rs 1 crore which is expected to be completed by the end of this year.

Diligent Media Corporation: With a view to optimise cost and cut-down losses, the management has decided to suspend publication & distribution of Jaipur Edition of DNA.

Dynamatic Technologies: Company has signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter with an intent to build.

Zuari Agro Chemicals: Board approved raising of funds by way of issue of compulsory convertible debentures to the existing shareholders of the company on a rights basis up to Rs 500 crore.

Sharon Bio-Medicine: Company has received recovery notice under the Maharashtra Value Added Tax Act amounting to Rs 11.17 crore for the period April 1, 2015 to November 3, 2015 and Rs 2.47 crore for the period April 1, 2011 to March 31, 2012. The liability of the said tax would be addressed in line with the Resolution Plan approved by NCLT and later by NCLAT.

Shipping Corporation of India: Company has given physical delivery of its 1 bulk carrier M V Tamilnadu to its buyer.

Bank of Baroda: Board of directors fixed March 11, 2019 as record date for issuing and allotting equity shares of the bank to the shareholders of Vijaya Bank and Dena Bank.

Jubilant Life Sciences: Company issued commercial papers of Rs 75 crore.

Grasim Industries: Company completed acquisition of the chlor-alkali business of KPR Industries.

Tata Steel: Moody’s Investors Service has upgraded company's corporate family rating (CFR) by one notch to Ba2 from Ba3.

Dr Reddy's Laboratories announces the re-launch of its Buprenorphine and Naloxone Sublingual Film after favorable ruling in patent litigation

BPCL: Company is planning to raise up to Rs 2,000 crore during the current financial year through private placement of unsecured non-convertible debentures subject to market conditions.

Sayaji Hotels: Tourism Finance Corporation of India has withdrawn the name of Sanjay Ahuja, Nominee Director from the board of the company.

REC: Company announced a consent solicitation exercise in relation to certain Senior USD Notes.

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Source: Moneycontrol