{LONGTERMINVESTORS} News 28-10-2016

 

Securities in Ban For Trade Date 28-OCT-2016: NIL   Muhurat Trading session on account of Diwali https://www.nseindia.com/content/circulars/CMTR33424.pdf   Market Buzz   RBI warns of fake notes in circulation   Financial statements present a true and fair view: Tata firms   GMR wins $270 million arbitration award in Maldives airport dispute   Torrent Power's stand-alone net dips by 41.92% at Q2   Govt clears 7 FDI proposals worth Rs 100 crore   Govt okays plan to exit sick PSUs, subsidiaries   Cyrus Mistry has damaged the group's image in the eyes of 6 lakh-plus employees: Tata   Blow for Tata Group as HC clears way for auction of iconic Taj Mahal Hotel on Mansingh Road   Tata Steel assures investors on European business sale plans   United Spirits Q2 profit up 15.8% to Rs82.54 crore   Tata Housing, Macquarie to invest Rs2,000 crore in top residential realty projects   Wipro: Wins a five-year engagement with Speciality Restaurants to reduce energy, operational costs.   JSW Steel: Board approves stock split. Sub-division of each equity share of the company having a face value of Rs 10 into 10 equity shares having a face value of Re 1 each.   Jaiprakash Associates: Interest on debentures remains unpaid for more than 3 months.   PBA Infa: Wins contract worth Rs 39.06 crore from Maharashtra State Road Development Corporation.   NDTV: Vikram Chandra steps down as CEO.   HMT: Government to shut down tractor unit. To pay employees' outstanding dues.   MOIL: Signs MoU With MP Govt For Mine Exploration Activities   DRL: FIPB Approves Company's  FDI Proposal   TECH MAHINDRA Q2: Consol Net Profit At Rs 643 Cr Vs Rs 780 Cr YoY   ADLABS ENT Q2: Net Loss Of Rs 44 Cr  Vs Rs 35.4 Cr YoY   Pricol Q2: PAT At Rs 19.6 Cr Vs  Rs 2.8 Cr YoY   Wonderla Holidays Q2: Net Profit At Rs 2.9 Cr Vs Rs 11.9 Cr YoY   Omax Auto Q2: PAT Down 75.8% At Rs 0.8 Cr (YoY)   Cupid Q2: PAT Up 31.7% At Rs 5.4 Cr (YoY)   VRL Logistics Q2: Net Profit At Rs 13.8 Cr Vs Rs 29.9 Cr YoY   Bajaj Finserv Q2: Cons Net Profit  At Rs 576 Cr Vs Rs 441 Cr YoY   Inox Leisure Q2: Net Profit At  Rs 1.5 Cr Vs Rs 21.2 Cr YoY   Castrol Q2: Net Profit At Rs 140 Cr Vs Rs 143 Cr YoY   JK Papers Q2: Net Profit At  Rs 43.9 Cr Vs Rs 26.6 Cr YoY   Emami Q2: Cons Net Profit Up 9.2%  At Rs 65.8 Cr Vs Rs 60 Cr YoY   Trent Q2: PAT At Rs 21 Cr Vs Rs 19.6 Cr YoY   Broker's Corner   CITI ON TECH MAHINDRA : Maintains Sell, cut target to  ₹405 from ₹460   IDFC ON TECH MAHINDRA : Maintains Outperform, target of ₹540   CITI ON IOC : Maintains Buy, raises target to  ₹374 from ₹325   Bof-AML ON GLENMARK : Maintains Neutral, target of ₹975   CITI ON EMAMI : Maintains Buy, target of ₹1,320   UBS ON ABB : Maintains Sell, target of ₹870   CLSA ON UNITED SPIRITS : Maintains Buy, cuts target to  ₹2,800 from ₹3,100   CLSA ON MARUTI : Maintains Buy, raises target to  ₹7,300 from ₹6,350

 

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