{LONGTERMINVESTORS} Stocks in news: Coal India, Tata Motors, Punj Lloyd, Tree House ..

 

 

Stocks in news: Coal India, Tata Motors, Punj Lloyd, Tree House Here are stocks that are in news today: Zee Learn / Tree House Education -Will not proceed with agreed share exchange ratio with Tree House -Reconstituted evaluation panel to find ways to salvage Tree House deal -Not to go ahead with merger with Tree House Coal India -May coal production at 42.58 million tonne (MT) versus target of 44.64 MT -May offtake at 45.53 MT versus target of 50.90 MT May auto sales: Tata Motors -JLR India sales at 133 units versus 168 units (YoY) -Total sales up 1.4 percent at 40,204 units versus 39,664 units (YoY) -JLR US sales up 8 percent at 7,114 units versus 6,586 units (YoY) -Land Rover US sales down 8 percent at 4,950 units versus 5,382 units (YoY) -Jaguar US Sales up 79.7 percent at 2,164 units versus 1,204 units (YoY) TVS Motor -Total sales up 11 percent at 2.44 lakh units versus 2.21 lakh units (YoY) -Two-wheeler sales up 13 percent at 2.38 lakh units versus 2.10 lakh (YoY) -Three-wheeler sales down 40.8 percent at 5,463 units versus 9,236 units (YoY) Hero MotoCorp -Total sales up 2.3 percent at 5.83 lakh units versus 5.69 lakh units (YoY) Bajaj Auto -Total sales up 1 percent at 3.47 lakh units versus 3.45 lakh units (YoY) -Exports down 10 percent at 1.43 lakh units versus 1.59 lakh units (YoY) -Motorcycle sales up 2 percent at 3.07 lakh units versus 3.02 lakh units (YoY) -3-wheeler sales down 7 percent at 40311 units versus 43,576 units (YoY) Punj Lloyd -UK Court orders unit to pay fine of USD 26.2 million to International Finance Corp -Company is evaluating various legal options & will take appropriate steps -UK Court also orders unit to pay £75,000 as assessment costs Gammon India -Got notice of conversion from DBS Bank for conversion of debt to equity under strategic debt restructuring (SDR) -DBS Bank to convert debt worth Rs 4.9 crore into 41 lakh shares at Rs 11.89/share -Post conversion shareholding of CDR lenders & DBS Bank to be 63.07 percent of company ICICI Bank -Cuts MCLR by 5 bps across tenures effective June 1 -Cuts 1-year MCLR by 5 bps to 9.15 percent Lambodhara Textiles Q4 YoY -Total income Rs 29.4 crore versus Rs 31.3 crore -EBITDA at Rs 3.4 crore versus Rs 4.5 crore -Net profit at Rs 58 lakh versus Rs 1.02 crore -Tax expense at Rs 1.1 crore versus credit of Rs 20 lakh Reliance Infrastructure -IiAS (Investor Advisory Services) recommends shareholders to vote against proposal of transferring power business to wholly owned subsidiary: BS -Says that it could lead to increased debt Jyothy Labs -Henkel AG might invest in Jyoth Labs: BS -Contemplating picking up stake at Rs 500-600 per share Jyothy Labs to CNBC-TV18 -There is an option for Henkel to invest in company -Henkel's option to buy stake to expire in March 2017 -Price at which stake can be bought will be decided mut

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