Stocks in News

Indiabulls Housing Finance Ltd:

      The company reported 21 per cent rise in net profit at Rs 478.1 crore for the third quarter of 2014-15. 

Hindustan Zinc Limited: 

     HZLposted a 38% jump in net profit to Rs 2,379 crore in the third quarter ended December 31, 2014 against Rs 1,723 crore in the same period last year, riding on a 10% jump in production of mined metal during the quarter. 

Punj Lloyd Ltd: 

     Engineering major Punj Lloyd said it has sold its entire 17.74 per cent stake in Global Health Pvt Ltd, which owns Gurgaon-based Medanta Medicity hospital among others, to an arm of Singapore's state-owned investment company Temasek Holdings. 

REC Ltd: 

     The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes. 

MRF Ltd: 

     Madras Rubber Factory (MRF), India's largest tyre manufacturer is in advance discussion with BK Birla flagship Kesoram Industries to acquire its main tyre unit out of the two of Birla Tyres for a value that's far higher than the market capitalization of the entire diversified Birla conglomerate, said multiple sources involved.