{LONGTERMINVESTORS} Stocks in news: Aurobindo, Rel Power, Majesco, Welspun, eClerx

 

Stocks in news: Aurobindo, Rel Power, Majesco, Welspun, eClerx Here are stocks that are in news today: Aurobindo Pharma Q1 -Net profit up 23.8 percent at Rs 585 crore versus Rs 472.5 crore (YoY) -Total income up 12.9 percent at Rs 3,725.9 crore versus Rs 3,298.9 crore (YoY) -EBITDA up 22.6 percent at Rs 888.9 crore versus Rs 725 crore (YoY) -EBITDA margin at 23.9 percent versus 22 percent (YoY) -Forex loss at Rs 7 crore versus forex gain of Rs 10.6 crore (YoY) -Other income down 45.9 percent at Rs 15.9 crore versus Rs 29.4 crore (YoY) -Tax expense up 22.9 percent at Rs 200.8 crore versus Rs 163.4 crore (YoY) -Formulations business up 15.9 percent at Rs 3032 crore (YoY) -API business up 1.6 percent at Rs 734.5 crore (YoY) Aurobindo Pharma says -Got 13 final & 7 tentative approvals for ANDAs from US FDA in Q1 -US formulations sales up 20.5 percent at Rs 1,703.9 crore (YoY) -Filed 3 oral category & 2 injectible category ANDAs with US FDA in Q1 Engineers India Q1 -Net profit up 50.1 percent at Rs 80.3 crore versus Rs 53.5 crore (YoY) -Total income down 12.7 percent at Rs 341.8 crore versus Rs 391.4 crore (YoY) -EBITDA at Rs 73.3 crore versus Rs 34.5 crore (YoY) -EBITDA margin at 21.4 percent versus 8.8 percent (YoY) STI India Q1 -Net loss of Rs 1.5 crore versus profit of Rs 1.5 crore (YoY) -Total income down 15.4 percent at Rs 13.2 crore versus Rs 15.6 crore (YoY) -EBITDA loss of Rs 0.7 crore versus EBITDA of Rs 2.4 crore (YoY) Jai Corp Q1 -Net profit down 41.7 percent at Rs 6 crore versus Rs 10.3 crore (YoY) -Total income up 13.4 percent at Rs 192.6 crore versus Rs 169.9 crore (YoY) -EBITDA up 15.3 percent at Rs 27.1 crore versus Rs 23.5 crore (YoY) -EBITDA margin at 14.1 percent versus 13.8 percent (YoY) -Other income down 33.5 percent at Rs 10.9 crore versus Rs 16.4 crore (YoY) -Tax expense at Rs 8.6 crore versus Rs 3.7 crore (YoY) Vishal Fabrics -Approved increase in share capital from Rs20cr to Rs25cr -Approved rights issue Gammon Infra -Brookfield close to buy remaining gammon assets -Second tranche includes one road, and two power assets Other stocks and sectors that are in news today: Pil Italica - Ex date for 1:4 stock split Kesar Terminals bonus shares available for trading Equitas - CARE provides rating of CARE A+ to subsidiary company PC Jeweller - Opens 12th showroom in Delhi. Total showrooms of 65 in India Eclerx BM on 29 Aug 2016 to consider buyback of shares ANG Industries BM on 1 Sep 2016 to consider debt reduction Bodhtree Consulting - Medical Council of India selects company for Digital Mission Mode Project worth Rs43.62cr. MCAP Rs~54cr. FY16 sales of Rs46.21cr GMR Infra BM on 14 Sep 2016 to consider fund raising up to Rs2500cr Siti Networks BM on 26 Aug 2016 to consider fund raising via equity/QIP/ECB/FCCB/ADR/GDR MOIL executed 76.4Ha mining lease by government of MP Manpasand Beverages completed new manufacturing facility at Haryana Vama Industries approved stock split from Rs10/- to Rs2/- Indo Count approved stock split from Rs10/- to Rs2/- Reliance Power - Government approved co's request to mortgage coal blocks attached to sasan power project in MP Piramal Enterprises - Piramal ties up with Bain capital credit for 1bnUSD  fund Castrol to sell 261million USD  shares via block today Punj Lloyd expects to bag 400cr defence order Shree Infra - Sahaj e-villagfe in talks with investors to raise 500 cr AB Nuvo- Grasim - Minority investor Ashish Dhawan who 1.27 percent sahres in AB nuvo opposed the deal Weslpun - Walmart to review Welspuns supply record Majesco USA Subsidiary Announces  Strategic Partnership With Elafris Inc

 

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