*India Daybook – Stocks in News*
*CIE Automatives:* Profit up 59.7% at Rs 301.7 cr vs Rs 189 cr, Revenue up 4.7% at Rs 2,320.3 cr vs Rs 2,216 cr (YoY) (Positive)
*HSCL:* Net profit at Rs 86.2 cr vs Rs 38.6 cr, Revenue down 9.1% at Rs 950.9 cr vs Rs 1,046.6 cr (YoY). (Positive)
*Indusind Bank:* Net profit at Rs 2,123.6 cr vs poll of Rs 2,127 Cr, Net Interest Margin at 4.29% vs 4.21% (YoY) & vs 4.28% (QoQ) (Positive)
*Eris Lifesciences:* HDFC Mutual Fund has bought 8.29 lakh equity shares (Positive)
*Bright Outdoor Media:* Aegis Investment Fund PCC bought 2.6 lakh shares (Positive)
*Rama Steel:* Societe Generale has bought 60 lakh equity shares (Positive)
*Godrej Agrovet:* Allotted a potential area of 47,000 acres in Sangareddy, Telangana for oil palm cultivation (Positive)
*Adani Transmission:* Cuts Q1 distribution loss to 5%; high energy demand boosts unit sales. (Positive)
*Federal Bank:* Board to consider issuance of 7.7 cr shares to IFC at ₹131.91/sh via preference issue. (Positive)
*Avanti Feeds:* Company has incorporated a new subsidiary Avanti Pet Care in Hyderabad, Telangana. (Positive)
*BL Kashyap:* Company has secured new order worth Rs 369 crore. (Positive)
*Mazagon:* Company has been given an additional charge of Chairman & MD of Company (Positive)
*Amara Raja Batteries:* Tata AIA, BNP Paribas, Kotak Mutual Fund, Nippon India Mutual Fund, Pinebridge, and Societe Generale bought 1.2 crore equity shares. (Positive)
*Tata Motors:* JLR expected to unveil plans for electric car battery plant in UK (Positive)
*Lemon Tree:* Company said it has signed a license agreement for a 72-room property in Gomti Nagar, Lucknow (Positive)
*Ramkrishna Forgings:* Company has started commercial production of 13,700 TPA of R A Shaft-Press Line (Positive)
*DB Realty:* Company’s subsidiaries have inked share purchase agreements to acquire stake in Siddhivinayak Realties. (Positive)
*Network 18:* Revenue jumped to Rs 3238.94 crore vs Rs 1339.89 crore, Net Profit declined 26% to Rs 29.17 crore vs Rs 39.46 crore. (Neutral)
*TV 18 Broadcast:* Profit up 31.5% at Rs 44.3 cr vs Rs 34 cr, Revenue at Rs 3,176 cr vs Rs 1,265 cr (YoY) (Neutral)
*ICICI Lombard:* Net profit up 12% at ₹390.4 cr vs ₹349 cr, Underwriting loss at ₹319.5 cr vs loss of ₹193 cr (YoY) (Neutral)
*LTTS:* Net profit at Rs 311 cr vs poll of Rs 311 Cr, $ revenue at $280 m vs poll of $287 m (Neutral)
*Hero MotoCorp:* Introduces New Xtreme 200S 4 Valve at ₹1,41,250/Unit. (Neutral)
*SBI:* The bank will set up a trustee company for managing the Corporate Debt Market Development Fund (Neutral)
*Delta Corp/Nazara:* Finance Ministry unlikely to Consider a Review of GST Council’s Decision of Taxing Real Money Games At 28%
By: via Telegram.me/AlliesFin #StockMarket #india
