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Stocks in news: HDFC Bank, PNB, Idea, Just Dial, SKS, BGR

Here are stocks that are in news today:

Results Today: HDFC Bank , PNB , UPL , Cairn India , JSW Steel , Biocon , South Indian Bank , IIFL, Tata Coffee, DHFL, Zee Learn, Welspun Corp, BASF, Uniphos Enterprises, Mcleod Russel, SKF India, Royal Orchid Hotels, Mahindra CIE Automotive, Mahindra Composite, KPIT Technologies, Kaveri Seed, Indoco Remedies, Gujarat Fluoro, Gujarat Alkalies, GNFC, Blue Star, Zensar Technologies

Coal India/ power/ mining companies in focus
Finance Minister Arun Jaitley says
-Cabinet approves ordinance on acquisition of deallocated coal mines’ land
-Cabinet recommends promulgation of ordinance to the President
-Power, cement, steel sectors facing coal shortage
-Coal mines to be allocated to NTPC and SEBs
-e-Auction of coal for private sector, cement and steel companies
-Sufficient number of mines will be put up for e-Auction
-Auction of coal mines to be concluded within 3-4 months
-Auction proceeds to go to state governments
-Eastern states, Chhattisgarh to benefit from auction proceeds
-All interests of Coal India to be adequately protected
-To examine opening of coal sector for commercial mining
-Government to have right to allot coal blocks for commercial use
-Transparent process to decide allocation of mines
-Process will ensure greater import substitution of coal
-Coal mines to be allocated to power, steel, PSUs on priority
-All environmental concerns will be borne in mind
-Original coal nationalisation act remains in place
-Only Indian companies to be allowed to bid for coal mines
-Ordinance will bring in compulsory transfer of land
-Accused companies will not be debarred, but companies convicted of fraud will be debarred
-Deallocated mines will be taken up for auction first
-Companies can form JVs to bid for large coal mines
-No timeline for decision on commercial coal mining

Power, Coal Minister Piyush Goyal says
-No right of first refusal to existing coal mine holders
-Coal India not able to meet all requirements as of today
– Coal India has over 200 mines where production will be expedited
-Mines provided to end users will be captive mines
-Reserve price for coal auction will be decided by a committee
-Round 1 of coal auction only for actual users
-Already sectors like power, cement were getting coal mines
-Auctions will be separate for each sector

Government to mull pooling of imported & domestic coal prices: Sources
-Pooling of coal prices for power plants coming up in 12th plan
-18,680 MW capacities do not have coal linkage
-28,435 MW capacities to be commissioned by FY15
-Government may grant tapering linkage to plants where blocks may get deallocated
-Coal India may import coal to overcome demand-supply gap
-Import to ensure power plants run at an appropriate PLF
-Coal prices pooling to ensure tariff kept within limits
-Stranded gas based power projects at 24,000 MW as of today
-Prices of domestic gas, imported RLNG to be pooled for power plants
-Many stranded gas based projects on verge of becoming NPAs
-7,525 mw ready to commission projects stranded for want of gas
-Present grid connected gas-based capacity at 16,624 MW

FIPB to consider 48 FDI proposals
-FIPB to consider proposals of HDFC Bank ,  Sun Pharma and Lupin

First on CNBC-TV18: BPCL
-Welcome the decision of diesel deregulation
-Gas price hike does not make much difference to company’s business
-Current margins enough to compensate costs incurred by company
-Can expect higher saving in terms of interest for FY15
-Expect interest burden saving to be around Rs 500 crore in FY15
-Diesel deregulation will lead to higher competition
-Making decent returns on investments & profits from diesel business as of now
-Marketing margins in decontrolled scenarios have moved up across the world

Shree Cement  on CNBC-TV18
-Disappointed by cabinet decision as companies should be free to trade coal
-Need clarity on what happens when companies want to sell mines

Indraprastha Gas  says
-Requested government to reduce central and state tax
-Company’s endeavour not to hike retail price of PNG, CNG

Other stocks and sectors that are in news today:
Goa Carbon says company’s Bilaspur plant has been temporarily shut down
UltraTech Cements bids for Philippines, Brazil assets of Holcim-Lafarge: TOI
Bhushan Steel approves to offer NCD on private placement in one or more tranches aggregating upto Rs 2500 crore
Shemaroo Entertainment transferred to T2T segment applicable today
Hindustan Motors approves issuance of equity shares on preferential basis to raise aggregating up to Rs 22.5 crore
Vascon Engineers board approves the issue of equity shares on right basis up to Rs 120 crore
HCL Technologies ex-date interim dividend Rs 6/share
BGR Energy secures new contracts worth Rs 250 crore from Tamil Nadu Transmission Corporation

Idea Cellular  Q2
-Consolidated net profit at Rs 756 crore versus Rs 728.2 crore (QoQ)
-Consolidated revenue at Rs 7,569.9 crore versus Rs 7,561 crore (QoQ)
-Consolidated EBITDA at Rs 2,490.7 crore versus Rs 2,503.8 crore (QoQ)
-Consolidated EBITDA margin at 32.9 percent versus 33.1 percent (QoQ)
-ARPM at 45.9p versus 45.1p (QoQ)
-Average revenue per user at Rs 176 versus Rs 164 (YoY)
-MoU/subscriber at 384 minutes versus 368 minutes (YoY)
Idea Cellular says
-Have crossed Rs 1,000 crore in revenue from mobile data in Q2
-Have raised Rs 750 crore in Q2 via preference shares allotment to Axiata
-Have no further capital raising plans as of now

Just Dial  Q2
-Net profit up 10 percent at Rs 31.49 crore (YoY)
-Revenue up 31 percent at Rs 147.4 crore (YoY)
-Adjusted EBITDA at Rs 45.78 crore versus Rs 35.23 crore (YoY)
-Adjusted EBITDA margin at 31 percent versus 31.23 percent (YoY)
-Just Dial to raise up to Rs 1,000 crore via share issue/share-linked securities

HCL Infosystems  Q2
-Consolidated net loss at Rs 45.3 crore versus loss of Rs 72.4 crore (QoQ)
-Consolidated net sales at Rs 1,683 crore versus Rs 1,760 crore (QoQ)
-Exceptional gain of Rs 19.2 crore versus loss of Rs 7.2 crore (QoQ)

Shriram Transport Finance  Q2
-Standalone net profit at Rs 302 crore versus Rs 327 crore (YoY)
-Standalone NII at Rs 1,007 crore versus Rs 902.4 crore (YoY)

MM Forgings  Q2
-Net profit at Rs 13.1 crore versus Rs 6.7 crore (YoY)
-Total income at Rs 125.4 crore versus Rs 102.1 crore (YoY)

Navin Fluorine  Q2
-Net profit at Rs 10.1 crore versus Rs 12.3 crore (YoY)
-Net sales at Rs 123.8 crore versus Rs 99.2 crore (YoY)
                             
SKS Microfinance Q2
-Net profit at Rs 56.7 crore versus Rs 16.3 crore (YoY)
-Total income at Rs 190.1 crore versus Rs 130 crore (YoY)

Dalmia Bharat  Q2
-Consolidated net loss at Rs 17 crore versus loss of Rs 26 crore (YoY)
-Consolidated total income at Rs 713.8 crore versus Rs 732.8 crore (YoY)

Sasken Communication  Q2
-Consolidated net profit at Rs 92.1 crore versus Rs 8.4 crore (QoQ)
-Consolidated net sales at Rs 108.16 crore versus Rs 108.19 crore (QoQ)
-Exceptional gain at Rs 253 crore

ITDC  Q2
-Net profit at Rs 1.6 crore versus loss of Rs 2.6 crore (YoY)
-Net sales at Rs 102.4 crore versus Rs 100.2 crore (YoY)
                             
Heritage Foods Q2
-Net profit at Rs 4.8 crore versus Rs 10.1 crore (YoY)
-Net sales at Rs 503.9 crore versus Rs 417.9 crore (YoY)

Zee Media  Q2
-Consolidated net loss at Rs 11.5 crore versus profit of Rs 3.9 crore (YoY)
-Consolidated net sales at Rs 130.1 crore versus Rs 82.3 crore (YoY)
Zee Media says
-Subscription revenue grew by 12.8 percent in Q2 (YoY)
-Advertising revenue grew 76 percent in Q2 (YoY)
-Board approves raising up to Rs 200 crore via rights issue

Motilal Oswal Financial Services  Q2
-Consolidated net profit at Rs 32.6 crore versus Rs 5.6 crore (YoY)
-Consolidated total income at Rs 177.4 crore versus Rs 115.1 crore (YoY)

Swaraj Engines  Q2
-Net profit at Rs 17.7 crore versus Rs 17.2 crore (YoY)
-Net sales at Rs 166.2 crore versus Rs 150.5 crore (YoY)
                             
KRBL Q2
-Consolidated net profit at Rs 80.5 crore versus Rs 74.6 crore (YoY)
-Consolidated net sales at Rs 700 crore versus Rs 658.5 crore (YoY)

Vascon Engineers  Q2
-Consolidated net loss at Rs 17.6 crore versus loss of Rs 0.4 crore (YoY)
-Consolidated net sales at Rs 156.3 crore versus Rs 155.8 crore (YoY)

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