Monday, April 27, 2009

Stocks in action for the day: Tata Motors, ICICI Bank, Ranbaxy, Cipla, Pyramid Saimira & Nivedita

Tata Motors: R1: 261, R2: 269, R3: 283, S1: 239 S2: 225, S3: 217.
Tata Motors: Tata Motors looking to raise rs 2,000 crore via NCDs. -Likely to issue 5-7 year NCDs; issue to open in 2 months: Sources -Fund raising aimed for refinance activity for JLR (Jaguar and Land Rover): Sources

CV makers in focus: -
Finance Ministry extends benefit of enhanced depreciation on commercial vehicles till September 30 -Depreciation @ 50% extended beyond April to September for trucks bought this year and put to use before October 1

Pyramid Saimira: In focus

Pyramid Saimira- Exclusive: Sources Say -43 of 230 entities in SEBI order on Pyramid Saimira are gems & jewellery companies -63 of 230 entities in SEBI order on PSTL are export & import related companies-230 entities have links with Kotecha

Nivedita: Action on the back of astound open offer

Nivedita Mercantile open offer at Rs 64/sh ((CMP Rs 2.10))

Cipla: R1: 244, R2: 248, R3: 254, S1: 234 S2: 228, S3: 224.

Cipla - -Cipla wins Erlotinib case against Roche in Delhi HC -Roche's appeal dismissed with rs 5 lakh penalty -Alert: Cipla claimed Roche's patent for Erlotinib Branded Tarceva was invalid:

ICICI Bank: R1: 444, R2: 453, R3: 468, S1: 419, S2: 405, S3:395.
ICICI Bank Q4 (cr - crore, vs - versus) -Net Profit down 35.29% from Rs 1149.8 cr to Rs 744 cr ((Estimates: Rs 841.03 cr)) -NII down 2.89% from Rs 2079.46 cr to Rs 2139 cr ((Estimates: Rs 1987.76 cr)) -NIM at 2.6%; Non-interest income down 29.13 % to Rs 1,674 crore -Treasury income of Rs 214 cr vs Rs 164 cr ; fee income declined by 30.34% -Provisions up 14.46% from Rs 1007.7 cr to Rs 1084.54 cr -Other Income down 29.31% from Rs 2361.65 cr to Rs 1673.67 cr

Ranbaxy: R1: 182, R2: 189, R3: 193, S1: 171,S2: 166, S3: 160.

Ranbaxy Q1CY09 YoY: -Net sales up 9% at Rs 1558 cr vs Rs 1613.7 cr ((Estimates Rs 1766 Cr)) -Net Loss of Rs 760 cr vs net profit of Rs 136.80 cr ((higher than any brokerage estimate, which ranged between loss of Rs 9 crore to Rs 230 crore)) -Forex loss of Rs 918 cr due to forex derivative option position of $1.4 billion

Pantaloon: R1: 205, R2: 210, R3: 217, S1: 194, S2: 188, S3: 183.
Pantaloon Q3: Net Sales: Rs 1642 cr vs Rs 1354.4 cr Operating Profit: Rs 173 cr vs Rs 114.1 cr Interest Costs: Rs 84.7 cr vs Rs 42.9 cr Net Profit: Rs 34.4 cr vs Rs 32.1 cr

allvoices

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