Stocks That Are In News Today

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PNB Housing Finance IPO -Gets in-principle nod for listing from BSE & NSE -To issue equity shares of Rs 10 each for up to Rs 2,500 crore -Kotak Mahindra Capital, DSP Merrill Lynch, JM Financial, JP Morgan India, Morgan Stanley India lead book runners for IPO Insurance Sector -New India Assurance, GIC get nod for IPOs -Government may earn upto Rs 10,000 crore

Bharat Forge -Class 8 truck orders for June down 34 percent YoY, down 8 percent MoM at Rs 13,000 units -Lowest monthly order activity since 2012

Ballarpur Industries (BILT) -Unit BGPPL gets non-binding proposal for its 2 Maharashtra units from JK Paper Other news -Sale of Malaysian Subsidiary, Sabah Forest Ind to Pandawa lapses -Company invoking guarantee of USD 50 million furnished by Pandawa

Shriram EPC says -Board to consider raising Rs 265 crore via preferential issue to promoters on July 11 -Board to consider issuance of shares in lieu of working capital to corporate debt restructuring (CDR) lenders

Mahindra and Mahindra -Company to review future of its two wheeler business: ET -But company unlikely to consider exit options from this vertical

GM Breweries Q1FY16 (YoY) -Total income at Rs 89 crore versus Rs 81.2 crore -EBITDA at Rs 19.9 crore versus Rs 21.4 crore -PAT at Rs 12.6 crore versus Rs 15.9 crore -Other income at Rs 76 lakh versus Rs 3.4 crore

JBF Industries Q1FY17 (YoY) -Total income at Rs 2,469.1 crore versus Rs 2,141.7 crore -EBITDA at Rs 73.6 crore versus Rs 230.4 crore -Net loss at Rs 159 crore versus loss at Rs 54 crore

Lupin and Dr Reddy's Labs -Companies recall 1.7 lakh bottles of tablets in US -Tablets used in treatment of blood pressure

Equitas Holdings -RBI says foreign shareholding reaches trigger limit -CARE upgrades ratings of subsidiaries Equitas Microfinance & Equitas Finance

Relaxo Footwears -ICRA reaffirmed long term rating of A+ for Rs 236.00 crore -Outlook stable outlook against positive

Bodal Chemicals -Board approves increase in dyestuff capacity by 24000 MTPA over the next 3-4 years -Will spend Rs 28 crore in first phase of dyestuff expansion for 8000 MTPA -Expects revenue of Rs 145 crore from additional 8000 MTPA capacity

Info Edge -Invests Rs 5 crore via redeemable preference shares in ‘Happily Unmarried’ -With investment, total investment in ‘Happily Unmarried’ at Rs 21.3 crore (48 percent stake) -Zomato's revenues double in FY16 but losses increase 3-fold

Educomp Solutions -Subsidiary completes the sale of its land and building -Company has long term borrowings of Rs 1,885 crore (market cap Rs 154 crore) -FY16 loss at Rs 343 crore

Skipper -Bags new orders in the countries of Kenya, Cameroon, Congo, Ghana & Malaysia worth Rs 100 crore -Receives approval from Power Grid Corporation of India for its poles division