Stock in News.

● Stocks in News●

NALCO: 

Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)

Castrol:

Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)

TVS Motors:

 Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)

Biocon

Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)

Hero Motocorp:

 Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)

Paisalo Digital:

Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)

MM Forgings:

 Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)

Jindal Stainless:

 Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)

Eros International:

Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)

Yes Bank:

Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)

Tata Power:

Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)

BSE:

Company to consider free share issue at Feb. 8 board meet (Positive)

Hindustan Zinc:

 India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)

Hindalco:

 Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)

JM Financials:

Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)

SH Kelkar: 

Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)

TTK Prestige:

 invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)

GlaxoSmithKline:

3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)

Vishwaraj Sugar:

Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on  

BoFA on Tata Steel:

Maintains Buy on company, target price at Rs 1430/Sh (Positive)

CLSA on TVS Motors:

Upgrade to Outperform on company, raise target price at Rs 711/Sh (Positive)

UBS on TVS Motors:

Maintains Buy on company, raise target price at Rs 1000/Sh (Positive)

Jefferies on TVS Motors:

Maintains Buy on company, target price at Rs 800/Sh (Positive)

Macquarie on TVS Motors:

 Maintains Outperform on company, target price at Rs 810/Sh (Positive)

Nomura on Credit Access:

 Maintains Buy on company, target price at Rs 925/Sh (Positive)

CLSA on Hindalco:

 Maintains Buy on company, target price at Rs 620/Sh (Positive)

JP Morgan on Hindalco:

Maintains Overweight on company, target price at Rs 605/Sh (Positive)

CS on PI IND:

Maintains Buy on company, raise target price at Rs 3000/Sh (Positive)

Citi on TVS Motors:

Maintains Sell on company, target price at Rs 550/Sh (Neutral)

Jefferies on Tata Steel:

 Maintains Hold on company, target price at Rs 1240/Sh (Neutral)

CLSA on Tata Steel:

 Maintains Buy on company, cut target price at Rs 1750/Sh (Neutral)

Nomura on Minda Ind:

 Downgrade to Neutral on company, raise target price at Rs 1235/Sh (Neutral)