Monday, 8 October 2018

Yes Bank | NBCC | HFCL | Avenue Supermarts | Texmaco Rail | Sobha

PNB Housing Finance | Yes Bank | IL&FS Engineering | Inox Leisure | MEP Infrastructure and Reliance Power are stocks which are in the news today.


Results Today: Tata Elxsi, SRK Industries, Welcure Drugs
Listing: Aavas Financiers
Yes Bank: Company has appointed two former chairmen -- TS Vijayan of LIC and OP Bhatt of SBI to its search and selection committee to find a successor for Rana Kapoor.
GMR infra board approved the allotment of OCDs for an amount Rs 402 crore to Doosan Power Systems India
Indiabulls Housing Finance: Company has redeemed (bought back) secured, redeemable, non-convertible debentures of face value Rs 10,00,000 each. Additionally, the company has bought back Rs 1,505 crore of commercial paper since September 21, 2018 till date.
ICICI Prudential Life Insurance and ICICI Lombard General Insurance: Chanda Kochhar and Sandeep Bakhshi tendered their resignation as the directors of the company.
ICICI Securities: Chanda Kochhar and Vishakha Mulye resigned from the board of directors of the company.
NBCC India: Company has secured the total business of Rs 353.70 crore in September.
Himachal Futuristic Communications (HFCL): Company has received an advance purchase order worth Rs 879 crore approximately from Telecommunications Consultants India Limited (TCIL) New Delhi.
Escorts: ICRA reaffirmed and assigned the long-term rating to AA- and short-term rating to A1+ in respect of bank facilities for Rs 866 crore & Rs 150 crore for commercial papers of the company.
Great Eastern Shipping: CARE revised its rating on company's non-convertible debentures of Rs 3,450 crore to AA+/Stable from AAA/Negative.
Infinite Computer Solutions: Company's acquirers, namely MC Data Systems Private Limited and Inswell IT Applications Private Limited dispatched the Letter of Offer for delisting offer.
UltraTech Cement: Supreme Court has admitted the company''s appeal and has granted stay against the orders of the CCI / NCLAT.
Future Retail - Brickworks Ratings India has reaffirmed the rating on proposed commercial paper to BWR A1+
Government appoints Rakesh Sharma as managing director and chief executive officer of IDBI Bank for six months
Avenue Supermarts: Board of Directors at their meeting scheduled to be held on October 13 shall consider raising of funds by issuance of commercial paper.
Gopala Polyplast: Board of directors of the company allotted 1,50,000 equity shares of Rs 10 each at a premium of Rs 50 per share to non-promoters of the company on preferential basis upon conversion of 1,50,000 warrants of Rs 10 each.
Autoline Industries: Board of directors of the company approved raising of funds of Rs 73 crore by way of issue of upto 60,27,397 share warrants of Rs 10 each to IndiaNivesh Renaissance Fund and Promoters at a price of Rs 73 each.
Mercator: CARE revised the company's rating for long-term bank facilities to D from BBB/Negative and short-term bank facilities to A4 from A3.
Sagar Cement - Consolidated production for September 2018 up 27.18 % at 2,56,507 MT and sales up 21.84% at 2,49,882MT
Goa Carbon - Production for Sep 2018 stood at 16271.7MT and sales at 14,454.6MT
Bank of Baroda has kept MCLR unchanged w.e.f. October 7
Vijaya Bank kept 1-year MCLR unchanged at 8.70%
Gulf Oil Lubricants: ICRA reaffirmed its long-term rating of AA and the short-term rating of A1+ outstanding on the bank limits of the company aggregating to Rs 492 crore (enhanced from Rs 392 crore). The outlook on the long-term rating has been revised from 'Stable' to 'Positive'.
Texmaco Rail & Engineering: Company and Russian firm RZD International during Annual India-Russia Bilateral Summit signed a memorandum of understanding for working in collaboration for mutually identified various domestic and international projects in the sphere of railways and infrastructure.
Peninsula Land: ICRA revised its rating on company's non-convertible debentures of Rs 648.93 crore to A- from BBB+.
SPML Infra: Subsidiary Bhilwara Jaipur Toll Road Private Limited, wherein company holds 51 percent stake with an investment value of Rs 52.85 crore has served a notice of termination of the concessation agreement with Rajasthan government.
OM Metals Infraprojects: Its JV, Bhilwara Jaipur Toll Road Private Limited, where the company has a stake of 49 percent with Rs 50.90 crore investment in equity and Rs 65 crore in subordinate debt has served a notice of termination of the concession agreement with Rajasthan government.
Piramal Enterprises: Board approved the allotment of 3,22,240 equity shares or face value of Rs 2 each at a conversion premium of Rs 2,688 per share pursuant to optional conversion of 8.056 CCDs of face value of Rs 1.07,600 each aggregating to Rs 86,68.25,600.
DCB Bank: Bank announced revised marginal cost of funds based lending rate.
Sunteck Realty: Company issued Commercial Paper of Rs 35 crore.
Sobha: Company during July-September quarter achieved new sales volume of 1,031,602 square feet total valued at Rs 740.8 crore with an average realisation of Rs 7,181 per square feet (Sobha share of sales value at Rs 616.6 crore with an average realisation of Rs 5,977 per square feet). Sales volume is up by 7 percent as compared to preceding quarter & up by 19 percent YoY. Sales volume achieved during the second quarter is the highest in the past 5 years.
Thomas Cook India Group: Company enters the travel tech space, announces strategic investment to acquire 24 percent stake in Ithaka.
JSW Energy: CARE revised the company's ratings on the long term Bank facilities and non-convertible debentures from 'AA-/Negative' to 'AA-/Stable'. The company's ratings on short term Bank facilities and commercial paper issue are reaffirmed at 'A1+'.
CMI: CARE reaffirmed the rating BBB+ assigned to the long term bank facilities and A3+ assigned to the short term bank facilities availed by the company.
Infosys: EdgeVerve launches AssistEdge Community Edition - a free-to-use automation platform for students and independent developers.
Inox Leisure: Company commenced the commercial operations of two additional screens (with seating capacity of 94 seats) in the existing multiplex cinema theatre, taken on leave and license basis, and located at METRO INOX Cinemas, Mumbai. With addition of two more screens, the said Multiplex Cinema Theatre has 8 screens and 1365 seats.
PNB Housing Finance: Company has raised Rs 1,470 crore via external commercial borrowing under automatic route.
IL&FS Engineering and Construction Company: CARE revised the credit rating of the company for long / short term bank facilities aggregating to Rs 3,091.33 crore to D.
Reliance Power: CARE revised the long-term and short term ratings of Sasan Power to BBB+ (stable outlook) and A2 respectively. The company strongly disagrees with the revised ratings assigned by CARE.
Gati: CARE downgraded its rating for company's long term bank facilities of Rs 173 crore to BBB/Stable from A-/Stable.
MEP Infrastructure Developers: Subsidiary MEP SANJOSE Talaja Mahuva Road Private Limited has achieved the Milestone One for the project of four laning of Talaja- Mahuva Section of NH-8E in Gujarat on Hybrid Annuity mode under NHDP Phase IV. The Authority has paid the first Milestone payment of 20 percent of the physical progress for the project.
PAE: Company accepted one time settlement (OTS) scheme of the State Bank of India.
Bulk Deals
Astron Paper and Board: Pallas Fincap bought 2,75,000 shares of the company at Rs 118.38 per share on the BSE.


Analyst or Board Meet/Briefings
Indiabulls Housing Finance: Board to consider July-September quarter results & interim dividend on October 15.
ICICI Securities: Board to consider July-September quarter results & interim dividend on October 19.
V-Guard Industries: Board to consider July-September quarter results on October 25.
Tejas Networks: Board to consider July-September quarter results on October 23.
MT Educare: Board to consider July-September quarter results on October 15.
Zee Learn: Board to consider July-September quarter results on October 15.
Carborundum Universal: Board to consider July-September quarter results on October 29.
Monnet Ispat & Energy: Board to consider July-September quarter results on October 15.
Magma Fincorp: Board to consider July-September quarter results on November 2.
Shriram Transport Finance Company: Company's officials will be meeting Wellington Management on October 11.
Persistent Systems: Company will be holding an investor and analyst call on October 22 after July-September quarter earnings.
KP Energy: Brokers / Analysts meeting is scheduled on October 10.
Indian Energy Exchange: Company's officials will be meeting analysts/investors on October 8, 9, 10 and 11.
Navin Fluorine International: Board to consider July-September quarter results & interim dividend on October 30.
Orient Paper & Industries: Board to consider July-September quarter results on October 31.
Indian Overseas Bank: Extraordinary General Meeting (EGM) of the company to be held on November 2 for issue of equity shares to Government Of India (GOI) on preferential basis.
L&T Infotech: Board to consider July-September quarter results & interim dividend on October 24.
Reliance Industrial Infrastructure: Board to consider July-September quarter results on October 15.
NOCIL: Board to consider July-September quarter results on October 30.
Everest Industries: Board to consider July-September quarter results on October 24.
DCB Bank: Board to consider July-September quarter results on October 17.
Alkali Metals: Board to consider July-September quarter results on October 15.
Music Broadcast: Company's officials is participating in the non-deal roadshow organised by Motilal Oswal Securities on October 8 and 9.
Shriram City Union Finance: Company's officials will be meeting Matthews India Fund on October 8.
Zenlabs Ethica: Board meeting is scheduled on October 15 to consider and approve allotment of bonus equity shares in ratio of one equity share of Rs 10 each for every 20 existing equity share of Rs 10 each.
Cochin Shipyard: Board meeting to consider the proposal for buy back of the fully paid-up equity shares of the company has been rescheduled to October 17.
Arvind: Kulin Lalbhai - Executive Director of Arvind and Suresh J - MD and CEO of Arvind Lifestyle Brands are attending a few investor meetings on October 11 and 12.
PPAP Automotive: Board to consider July-September quarter results & interim dividend on October 23.

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