STOCKS ON RADAR:
Zee Entertainment: Media firm Zee Entertainment Enterprises (ZEEL)Q3 2019 Consolidated profit jumps to Rs 562.8 crore versus Rs 373.77 crore; revenue rises to Rs 2,168 crore versus Rs 1,838 crore YoY.
Tinplate: Q3 2019 Net profit up 21.6% at Rs 15.5 crore, Revenue up 15% at Rs 630.1 crore.
Indo Rama Synthetics (India): Board announced issuance of 8,30,00,000 equity shares by way of preferential issue on private placement basis to promoter group company, Indorama Netherlands BV at Rs 36 per share aggregating to Rs 29.88 crore and also issuance of 1,72,00,000 equity shares to Siam Stock Holdings Limited at Rs 36 per share aggregating to Rs 61.92 crore on private placement basis.
Den Networks: Q3 2019 Loss at Rs 31.21 crore versus profit at Rs 1.73 crore; revenue dips to Rs 308.4 crore versus Rs 328.2 crore YoY.
DHFL: Ace investor Rakesh Jhunjhunwala has reduced his stake in the company by 0.73 per cent to 2.46 per cent. Jhunjhunwala sold 22.7 lakh shares aggregating to Rs 51cr as per current market price from the last quarter ending September 2018.
Fortis Healthcare: Fortis Healthcare on Tuesday said it has inked a pact with Citibank to avail a loan of Rs 1,100 crore in order to take care of its contractual commitments and strategic objectives. The loan agreement was executed on January 10, with certain CPs (commercial papers) for disbursal being fulfilled on January 14, it said.
KPIT Tech: The company’s board approved allotting 7.7 crore equity shares to National Engineering Industries and Central India Industries in 9:22 ratio. On November 29, NCLT had approved merger of KPIT Engineering, KPIT Technologies into Birlasoft.
Q3 Results Today: MindTree, DCB Bank, Phillips Carbon Black, 5Paisa Capital, Motilal Oswal Financial Services, HT Media