Stocks in the news: Bank of Baroda, Federal Bank, Fortis, Genus Paper, Yash Papers, Dilip Buildcon, Merck

Here are stocks that are in news today:

Bank of Baroda
Has no exposure against LoUs issued by PNB on behalf of gems and jewellery client
Bank has exposure of USD 0.285mn against one LoU (issued on behalf of entity other than its gems and jewellery clients)

Has some direct exposure on gems and jewellery sector customers under this arrangement

Singh Brothers Say
Assure All Our Stakeholders That We Are Doing Whatever It Takes To Resolve Issues
Will Not Shy Away From Our Current Responsibilities
Matters Are Large & Complex, Can't Be Simplistically Addressed
Solutions For The Issues Being Faced Require Time
Many Opinions & Perceptions Are Based On Limited Information
Request Patience In Allowing Us To Share Facts That Allow Balanced Views To Emerge
We Are Not Going Anywhere, Addressing Issues With Responsibility & Sincerity
Will Not Shy Away From Any Questions, Processes, Clarifications
Will Provide All Cooperation To Ensure That The Truth Comes Forth
Urge All Of Our Stakeholders To Support Us In This Effort
Urge Stakeholders To Stand By Us To Enable Us To Fulfill Our Commitments

Working Tirelessly To Restore Faith Of Investors, Shrhldrs, Partners, Colleagues

Fortis promoter Fortis Holdings announces invocation of 16.1 cr pledged shares from Feb 15-20

I-T dept attaches Gitanjali Grp's SEZ property worth Rs 1,200 cr in PNB fraud case

CNBC-TV18 Exclusive Sources Say
IRDA Grants Nod To Videocon Ind To Sell 51 percent Stake In Liberty Videocon General
Videocon Ind To Sell 26 percent Stake To DP Jindal Grp, 25 percent To ENAM Holdings
CNBC-TV18 ALERT
CNBC-TV18 1st Broke Videocon’s Plan To Sell Stake In Insurance Arm On Feb 6
Videocon Holds 51 percent, Liberty Citystate Hldg Holds 49 percent In Liberty Videocon General

Videocon, DP Jindal Grp, Liberty Videocon General Yet To Respond To CNBC-TV18 Query

ITD Cementation- Q3FY18
Revenue down 16 percent at 575 cr vs 683 cr
PAT at 17 cr vs 12 cr despite exceptional loss of 22 cr

Margin at 13.7 percent vs 7.9 percent

KSB Pumps: Q3FY18-YoY
Revenue up 31 percent at 328cr
EBITDA up 12 percent at 42cr
OPM at 13 percent vs 15 percent

PAT up 21 percent at 27cr

Sanofi India Q4CY17 YoY
Revenues up 11 percentat Rs 670 crore
Ebitda up 23 percent at Rs 134 crore
Margins at 20 percent vs 18 percent

Net profit rose 43 percent to Rs 76 crore

Merck Q3 –FY18-YoY
Revenues up 22 percent at Rs 304 crore
Ebitda up 30 percent at Rs 30.5 crore
Margins at 10 percent vs 9.4 percent

Net profit rose 42 percent at Rs 27 crore

Other stocks and sectors in the news
Federal Bank to acquire 26% stake in Equirus Capital
Fortis promoter holding falls to 3%
Genus Paper signs MoU with Maharshtra Govt to invest Rs 1050cr for setting up Kraft paper manufacturing unit, to invest Rs 600cr for expansion ofcurrent facility
Great Eastern Shipping completed sale of its vessels
Indiabulls Housing Finance allots NCDs aggregating to Rs 3000cr
Adani Transmission receives the LOI of one inter-state transmission project in Rajasthan. The project has approx 200ckt kms of line
Corporation Bank - CARE downgrades rating for various bonds to negative due to continuous stress on asset quality and associated cost impacting
performance of bank
Prakash Industries’ EGM on March 17 to consider issue of convertible equity warrants to promoters and non-promoter investor on preferential basis
Yash Papers enters into MoU of Rs 73.44cr with UP govt to expand its paper unit III
Dilip Buildcon wins order worth Rs 157.23cr from Andhra Govt
JSW emerges as highest bidder for JP Infra
UltraTech Cement leading the race to take over Binani CementAxis Bank asks CIO Amit Sethi to resign following whistle blower complaint