Tuesday, February 3, 2009

Stocks in news: L&T, Satyam, Educomp, Akruti, Essar Oil

SEBI Chairman says
-Listed Cos Must Declare Dividends On Per Share Basis
-Timeline For Bonus Issues To Be Reduced
-IPO Price Band Can Be Announced 2 Days Prior To Issue Open
-Upfront Payments For Warrants Hiked To 25% Vs 10%
-To Amend Norms On Calculating Open Offer Price
-Developing Mechanism To Deal With Special Cases Like Satyam

SEBI Chairman On Satyam:
-Have Received Request From Satyam Board On Open Offer Norms
-Satyam Board Says Co's Share Price Before Jan 7 Not Valid
-SEBI Recognises Special Situation Of Satyam
-Working Out Transparent Mechanism To Arrive At Valid Open Offer Price
-No Timeframe For Amendments; Aware Of Urgency For Satyam

Exclusive: Sources Say
-L&T likely to up stake in Satyam beyond 15%: Sources
-Satyam Stake Hike Subject To SEBI Open Offer Relaxation: Sources
-L&T Likely To Make Open Offer If SEBI Relaxes Open Offer Norms: Sources
-L&T Likely To Counter Bid If Rival Parties Put In Formal Bid: Sources
-L&T Likely To Make Formal Offer To Satyam Board Post SEBI Announcement:Sources

Special Circumstances Offer Norms
Exclusive: Sources Say
-Bidders May Have To Also Subscribe To Pref Shrs Along With Open Mkt
-This Is To Ensure Money Reaches The Company As Well
-New Pricing Norms To Be Applicable To Takeover & Pref Allotment
-New Rules Will Seek To Fix Floor Price Through A Certain Formula
-Takeover Would Have To Be Through Open Bidding For Price Norm Benefit
-'Special circumstances' Definition To Be Worked Out

Government sources say MCA orders investigation into Educomp books
Educomp Says Have Not Received Any Communication From Govt

IL&FS Fund buys 15% in Akruti SPV for Rs 200 cr – ET

Parsvnath pledges 10% equity with financial institutions for loans in different projects

Tata group top executives may take around 15% pay cut in a bid to reduce wage bill and stave job cuts at mid and junior level – ET

Bhoruka Steel & Services accept discovered price of Rs 10/sh for delisting

Essar Oil refinery expansion delayed by a year – DNA

Tata Motors Jan Sales
-Domestic Sales At 35,704 Units
-Commercial Vehicles Sales At 17,373 Units Vs 30,530 Units
-Passenger Vehicles Sales At 18,331 Units Vs 20,119 Units
-Jan Exports down 70% At 1,227 Units

M&M Jan Sales:
-Total Vehicles Sales (Excl Tractors) At 17,611 Units Vs 22,309 Units
-Total Tractor Sales At 6,931 Units Vs 8,053 Units
-Total UV Sales At 13,397 Units Vs 15,071 Units

Ambuja Cements Jan Sales At 1.63 mt Vs 1.55 mt (YoY)

ACC Jan cement sales up 12.5% to 1.89 mt vs 1.68 mt

Aditya Birla Group Jan cement dispatches up 7.35% to 3 mt

GSPL board & shareholders approve contribution of 30% pre-tax profits

Firstsource likely to miss FY09 operating margin target of 10-10.5%

Mastek plans voluntary job cuts, to scale down staff benefits

Sun TV says not interested in acquiring stake in Pyramid Saimira

Rama Newsprint says to temporarily shut newsprint plant, partially switch over writing & print paper

Gemini Engi-Fab cancels IPO
((was to open today; offer of 55 lakh shares, price band Rs 75-80))

Board meets:
-Max India on fund raising, including rights issue

-House of Pearls Fashions Q3
-Net Sales: Rs 11 cr vs Rs 4.34 cr
-Net Profit: Rs 84 lakh vs Rs 6.5 cr

Ahmednagar Forgings Q3
-Net Sales: Rs 114.4 cr vs Rs 165.84 cr
-Net Profit: Rs 1.46 cr vs Rs 17.7 cr

Indo Asian Fusegear Q3
-Net Sales: Rs 57.1 cr vs Rs 66.85 cr
-Net Profit: Rs 42 lakh vs Rs 2.83 lakh

Zodiac Clothing Q3
-Net Sales: Rs 76.1 cr vs Rs 59.4 cr
-Net Profit: Rs 2.85 cr vs Rs 5.81 cr

-Net Sales: Rs 231.8 cr vs Rs 208.9 cr
-Net Loss of Rs 17.1 cr vs Net Profit: Rs 13.8 cr

Shiv-Vani Oil & Gas Q3
-Net Sales: Rs 160 cr vs Rs 83 cr
-Operating Profit: Rs 67.4 cr vs Rs 30.93 cr
-Net Profit: Rs 16.74 cr vs Rs 11.3 cr

Tantia Constructions Q3 (QoQ)
-Net Sales: Rs 106.8 cr vs Rs 74.5 cr
-Net Profit: Rs 2.55 cr vs Net Loss of Rs 2.93 cr

Simplex Infra Q3
-Net Sales: Rs 1270.3 cr vs Rs 704 cr
-Operating Profit: Rs 115.6 cr vs Rs 70.5 cr
-Net Profit: Rs 25.2 cr vs Rs 22 cr

-Net Sales: Rs 117.4 cr vs Rs 110.6 cr
-Operating Profit: Rs 101.6 cr vs Rs 97.2 cr
-Net Profit: Rs 27.6 cr vs Rs 25.2 cr

Ramco Systems (QoQ) Q3
-Net Sales: Rs 51.45 cr vs Rs 44.8 cr
-Operating Profit: Rs 2.33 cr vs Rs 11.26 cr
-Net Loss of Rs 9.7 cr vs Net Profit of Rs 2.5 lakh

Garware Offshore Q3
-Net Sales: Rs 51.5 cr vs Rs 44 cr
-Net Profit: Rs10.3 cr vs Rs 23.5 cr

-Net Sales: Rs 81.8 cr vs Rs 89.2 cr
-Net Loss of Rs 17.5 cr vs Net Profit: Rs 7 cr

-Net Sales: Rs 81.8 cr vs Rs 73.91 cr
-Net Loss of Rs 17.5 cr vs Net Loss of Rs 13 cr

Patel Integrated Logistics Q3
-Net Sales: Rs 66 cr vs Rs 75 cr
-Net Profit: Rs 41 lakh vs Rs 1.66 cr


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