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Stocks in news: UBL, Cairn India and more

Stocks in news: UBL, Cairn India and more

With the Lok Sabha being adjourned for today and gold prices recovering above Rs 25,000, here are the five stocks that remained in news today.

BT Online Bureau
  • Mumbai,
  • Updated Jul 23, 2015 3:46 PM IST
Stocks in news: UBL, Cairn India and morePhoto: Reuters

With the Lok Sabha being adjourned for today and gold prices recovering above Rs 25,000, here are the five stocks that remained in news today.

  1. Cairn India: Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders, a newspaper report said on Wednesday, citing people familiar with the situation. News of Cairn Energy's objections came a day after Cairn India chief Mayank Ashar said the merger was on track. Its shares rose by 6.20 per cent to close at Rs 177.30 apiece on Thursday.
  2. United Breweries Ltd (UBL): The Company has posted a net profit of Rs. 1228.10 million for the quarter ended June 30, 2015 as compared to Rs. 1288.40 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 14569.40 million for the quarter ended June 30, 2014 to Rs. 15018.60 million for the quarter ended June 30, 2015. Its shares fell by 0.83 per cent to close at Rs 999.75 apiece on Thursday.
  3. Bharti Airtel: Telecom regulator TRAI received the maximum number of complaints for call drops against Bharti Airtel. There were 31 complaints of call drops against Airtel in 2015 (up to June 30). The department of telecom (DoT) has set July 31 as the deadline for telecom operators to submit a report on action taken to address the problem. Its shares fell by 1.56 per cent to close at Rs 432.50 apiece on Thursday.
  4. SKS Microfinance: SKS Microfinance on Wednesday reported a 23.9 per cent growth in net profit at Rs 61.1 crore for the first quarter ended June 30 as compared to the corresponding period in the previous fiscal. The company earned a net profit of Rs 49.3 crore in the April-June quarter of 2014-15. The total income of the company rose to Rs 282.6 crore during the quarter under review compared with Rs 168.9 crore in the same period last year, SKS Microfinance said in a statement. Its shares rose by 5.22 per cent to close at Rs 565.10 apiece on Thursday.
  5. CEAT: Tyre maker Ceat on Wednesday reported over two-fold rise in its consolidated net profit at Rs 121.01 crore for the first quarter ended June 30, primarily on lower raw material cost and improved product mix. The Mumbai-headquartered company had posted a net profit of Rs 51.67 crore during the same period of previous fiscal. Net sales of the company rose to Rs 1,456.26 crore for the first quarter, as compared to Rs 1,453.10 crore during the same period of previous fiscal, Ceat Ltd said in a filing to the BSE. Its shares rose by 3.43 per cent to close at Rs 805.55 apiece on Thursday.

 

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Jul 23, 2015 9:00 AM IST
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