Stocks In News Today

Monday, July 13, 2009

Stocks In News Today

Stocks in news: BHEL, Sun Pharma, Geojit, Sterlite, Era

Results today: Axis Bank, Motilal Oswal, Gammon Infra, Indowind Energy, ETC Networks, TVS Electronics, Era Infra

BHEL CMD Says
-In talks with Sheffield UK for tech transfer in JV (joint venture)
-In casting & forging JV with Sheffield UK, to invest Rs 1,000 crore in JV
-In talks with Areva & Bharat Forge for stake sale in JV

Sun Pharma
-In pact with Forest Lab to settle Escitalopram dispute
-To get upfront payment, royalty from Lundbeck pact
-To license out Escitalopram, Citalopram to Lundbeck

Infomedia Q1 YoY
-Revenue down 14% at Rs 19.18 crore versus Rs 22.25 crore
-EBITDA (earning before interest, tax, depreciation and amortisation) loss of Rs 5 crore versus Rs 4 crore
-Net loss of Rs 10.7 crore versus net profit of Rs 13.26 lakh

Geojit Financial Q1 YoY
-Net sales up 61% Rs 70 crore versus Rs 43.50 crore
-Net Profit up 87% at Rs 13.25 crore versus Rs 7.1 crore

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Monday, July 13, 2009