Stocks in the news: Tata Motors, ICICI Bank, Biocon, Punj Lloyd, Idea, Orient Green


Here are stocks that are in news today:

ICICI Bank in concentrate – Resources
-ICICI Lombard IPO price band fixed at Rs 651-661/share
-ICICI Lombard IPO to raise up to Rs 5,700 crore
Alert: 19 percent shares on offer via ICICI Lombard IPO
Alert: Bank of America Merrill Lynch, ICICI Securities, IIFL advisors to ICICI Lombard IPO
Alert: ICICI Lombard IPO to open for subscription from September 15 to Sep 19

SBI – Sources
-IRDA grants final approval to SBI Life IPO
Alert: SBI Life is life insurance JV between SBI (70.1 percent), BNP Paribas Cardiff (26 percent), KKR & Tamasek (1.95 percent)
Alert: SBI intends to dilute 8 percent & BNP Paribas Cardiff to dilute 4 percent via IPO

SEBI board meet to discuss weekly futures, review stock lending & borrowing
-SEBI board meet to discuss call auction
-SEBI will discuss introduction of weekly futures in single stock futures
-SEBI will review the effectiveness of the call auction mechanism

Steel product – Authorities says
-Countervailing duty on flat-rolled stainless steel product imports from China
-Countervailing duty on stainless steel product imports from China for 5 Decades

Tata Motors CEO Guenter Butschek
-Transformation strategy geared topline growth, cost reduction
-Had a difficult beginning while making the transition out of BS-III to BS-IV
-Planned to increase quantity & regain market share to boost the topline
-We are engaging in cost reduction across the organisation
-We have re-focussed ourselves to bring products much faster to customers
-Gain in commercial vehicle market share has not come because of high discounts
-Desired to bring accountability in business by reducing management amounts from 14 to 5
-Will see bottomline improvement of Rs 1,500 crore due to increase in volumes
-Turnaround of Tata Motors operations will reveal results by end of this fiscal
-Organisational changes at Tata Motors are now complete
-Auto industry has been criticised for being slow to change
-In talks with government on the Best Way to overcome issue of battery cost for EVs
-Will be launching 5-seater SUV on JLR stage in ancient 2019
-Will be launching 7-seater SUV on JLR stage in 2020
-Feel significantly better about future of PVs currently than 18 months ago
-Tata Motors has not taken any decision on future of Nano

Plastiblends Q1FY18 YoY
-Revenue down two percent at Rs 144 crore versus Rs 147 crore
-EBITDA down 16 percent at Rs 11.4 crore versus Rs 13.6 crore
-Margins in 8.65 versus 10.1 percent
-PAT down 41 percent in Rs 5.2 crore vs Rs 8.8 crore

International Vectra Q1FY18 YoY
-Revenue up 5 per cent at Rs 99.8 crore vs Rs 94.7 crore
-EBITDA up 12 percent at Rs 17.2 crore versus Rs 15.44 crore
-Margins at 17.2 percent versus 16.3 percentage
-PAT down 57 percent at Rs 0.9 crore versus Rs 2.2 crore
-PAT reduced due to higher tax rate

-Earnings up 23 percent at Rs 201 crore versus Rs 163 crore
-EBITDA up 9 percent at Rs 9.3 crore vs Rs 8.5 crore
-Margins in 4.9 percent versus 5.5 percent
-PAT up 23 percent at Rs 3.7 crore vs Rs 3 crore
-Margins take a hit due to rise in cost of materials

Vaibhav Global Q1FY18 YoY
-Revenue up 5 percent at Rs 329 crore vs Rs 313 crore
-EBITDA up 9 percent at Rs 18.8 crore versus Rs 17.2 crore
-Margins in 5.7 percent versus 5.5 percent
-PAT up 38 percent at Rs 15 crore vs Rs 10.9 crore

Mayur Uniquoters
-11.4 percentage equity traded in a block agreement on Thursday
-Investors: Jwalamukhi & Westbridge Crossover
-Investors: Kotak India Midcap Fund; L&T MF
-Key triggers for company: Increased earnings from auto sector, earnings from new PU plant

-Morgan Stanley (France) S.A (P-Note) buys 3 percent stake in company

Biocon’s insulin facility in Malaysia receives EU GMP compliance certificate
Biocon’s chief Kiran Mazumdar-Shaw
-Malaysian facility one of Biocon’s Biggest insulin units
-GMP certificate from EU regulator w.r.t insulin glargine application
-Anticipate US FDA inspection for Malaysian plant going ahead
-Anticipate Malaysian unit to contribute 3/4th of insulin business revenue going ahead
-Focussing on advancing oral insulin programme, IN-105

Other stocks and sectors that are in news today:
-TCS partners with GE to integrate intelligence into services information lake platform
-Vaibhav Global – CARE upgrades credit rating to A- from BBB+ to get Long-term bank facilities
-Punj Lloyd gets letter of award for construction canal work for total contract value of Rs 870 crore
-FPI cap on CCL Products hiked to 40 percentage
-SEBI imposes Rs 2,423 crore penalty on PACL
-IDBI Bank expects bids to sell 13.71 percent stake in SIDBI
-Brookfield joins race to Purchase Vodafone & Idea Cellular bets in Indus Tower: ET
-Orient Green, IL&FS merger talks hit a barrier: ET
-UCO Bank to sell bad loans worth Rs 2,420 crore from 27 balances to asset reconstruction companies
-Bombay Dyeing sold a land parcel of 48.457acre for Rs 13.57 crore
-Vista Pharmaceuticals received EIR from USFDA for its formulation facility in Telangana
-Bank of India cuts marginal cost of lending rates to 8.3 percent-Sharda Motor filed petition against Toyo Sharda earlier NCLT


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