Stocks in news: Idea, Eicher Motors and more

With the GST Bill rocking the Parliament's monsoon session and gold prices falling by Rs 300, here are the five stocks that remained in news today.

1. Idea Cellular: Country's third largest telecom operator Idea Cellular on Tuesday reported a 28 per cent rise in consolidated net profit at Rs 930.8 crore in the June quarter despite a cut in interconnect charges and a cap on roaming rates as it faced continued pressure on voice business. The company had reported a net profit of Rs 728.20 crore in the corresponding period last year. At consolidated level, gross revenue grew 16.4 per cent to Rs 8,798.3 crore. Its shares fell by 1.84 per cent to close at Rs 178.95 apiece on Wednesday.
   
2. Eicher Motors: Eicher Motors on Tuesday reported 40.89 per cent rise in its consolidated net profit at Rs 221.83 crore for the second quarter ended June, 2015. The company had posted a net profit of Rs 157.44 crore for the same period of previous fiscal. Net sales of the company rose to Rs 2,871.54 crore for the second quarter, as against Rs 2,221.60 crore in the same period of previous financial year, Eicher Motors said in a filing to the BSE. Its shares fell by 0.81 per cent to close at Rs 21164 apiece on Wednesday.
3. Cairn India: Cairn India, the operator of nation's biggest onshore oilfield, on Tuesday reported a 24 per cent drop in its June quarter net profit due to a slide in international oil prices. Net profit in April-June at Rs 835 crore, or Rs 8.36 per share, was 24 per cent lower than Rs 1,093 crore, or Rs 18.17 a share, in the same period a year ago, the company said in a statement here. Turnover fell 41 per cent to Rs 2,627 crore. Its shares rose by 2.58 per cent to close at Rs 166.95 apiece on Wednesday.
4. Bharti Airtel: Bharti Airtel on Tuesday said it has no plans to exit its African operations even as the company has entered into talks with France-based Orange to sell four subsidiaries in the continent. The telecom major, without sharing the financial details, said the proposed transaction, along with divestment of towers, will help it keep a sharper focus on the remaining countries and significantly cut down debt. Its shares fell by 1.33 per cent to close at Rs 439.35 apiece on Wednesday.
5. IDBI Bank: Public sector lender IDBI Bank plans to raise Rs 26,000 crore through a mix of equity and bonds to fund its business growth. The bank proposes to "issue such number of equity shares of the face value of Rs 6,000 crore (inclusive of premium amount) to be added to the existing paid-up capital of IDBI Bank in such a way that the central government shall at all times hold not less than 51 per cent of the paid-up capital of the bank...," IDBI Bank said a filing on the BSE. Its shares rose by 1.26 per cent to close at Rs 64.30 apiece on Wednesday.