Stock Market

Stocks in news: IOC, BEML, Vedanta, Lupin, CMI, JP Associates

Here are stocks that are in news today:


IOC
-Petrol price cut by Rs 3.02/litre & diesel price hiked by Rs 1.47/litre
-Jet fuel (ATF) prices in Delhi increased by Rs 4,174.49/kl at Rs 39,301.31/kl


Sadbhav Infra & Sadbhav Engineering
-Transfers 20 percent stake in Mumbai Nasik Expressway to BIF Holdings PTE for Rs 72 crore
-Company had invested Rs 10.4 crore in this project, made 7X returns


Jaiprakash Associates
-To pay Rs 470 crore to UltraTech Cement to meet capex for the Grinding Unit at Bara, UP
-Unit 1 of 660 MW thermal power project commenced operations


Videocon Industries Q4
-Net loss at Rs 84.4 crore versus profit Rs 7.6 crore (QoQ)
-Total income at Rs 3,091 crore versus Rs 3,118 crore (QoQ)


Bhaskar Bhat of Titan Company says
-Have to bear with these regulations
-Current quarter has been slow & challenging for us
-Have been burdened by withdrawal of gold harvest scheme
-Have been burdened by imposition of duties & PAN card regulations

CMI completes acquisition of General Cables Energy India
CMI says
-Have earmarked Rs 150 crore for GCE’s acquired projects
-Will fund the acquisition via debt & equity
-Acquired projects to be operational in Q1FY17


Other stocks and sectors that are in news today:
BEML bags Rs 900 crore Kolkata Metro order
Axis Bank acquires 4.99 percent stake in Max Life Insurance for Rs 95.75 crore
Vedanta won bid for gold mine auction in Chhattisgarh at 12.55 percent royalty of despatched mineral
Lupin to set up a plant in Japan with a capacity of Rs 200 crore tablets
Syndicate Bank to allot shares worth Rs 217 crore to LIC at Rs 52.5/share on a preferential basis