Stocks that are in news today - 16.04.2010

 

Here are stocks that are in news today:

Results today: Crisil, DCB, IndusInd Bank, Gruh Finance, KPR Mills

Hardy Oil
-Releases report on assessment of D3 & D9 prospectively
-KG D9 prospective resource numbers downgraded 50% (5.4 TCF gross)
-Successes in D3 have led to an upgrade of 56% (1.4 TCF gross)
Alert: Hardy Oil is RIL's 10% partner in KG D9 and D3
Alert: RIL's risked resource estimate reduced by an aggregate of 11%
Alert: RIL's risked resource estimate reduced to 2bn barrels of oil equivalent in blocks.
Analysts estimate that the impact on valuations would be Rs18/share or 1.7% of current stock price.

Govt sources
-SEZ contiguity norms likely to be relaxed
-CNBC-TV18 ALERT: Proposed move to benefit RIL
-New contiguity norms to bring down cost of SEZ projects
-Relaxation in contiguity norms for SEZ non-processing areas

VST (Q4, bad numbers)
-Sales at Rs 105.7 crore versus Rs 102.19 crore (YoY)
-PAT at Rs 3.44 crore versus Rs 18.1 crore (YoY)
-Operating profit at Rs 1.7 crore versus Rs 25 crore

CMC (FY10)
-Sales at Rs 690 crore versus Rs 820 crore ( YoY)
-PAT at Rs 129.58 crore versus Rs 105.57 crore (YoY)

Other stocks and sectors that are in news today:
-Oil PSUs to up ATF prices by avg Rs 1,363/kL on Friday
-GMR Infra QIP opened yesterday, book crosses USD 300 million
-Welspun India raises Rs 155 crore via QIP
-New listing: Goenka Diamond
-HDFC launches dual rate home loan scheme, HDFC to offer fixed rate loans at 8.25% for 2 years