Stock Market Update By Yes Securities
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Corporate snippets
* Indian Oil may sell stake in product pipelines.
* BPCL, Air India share sale by Sept, LIC IPO by post Oct: DIPAM Secy.
* Bharti Airtel posted a consolidated Q3 net profit of Rs 853.6 crore, driven by exceptional gains. The average revenue per user (ARPU) rose to Rs 166 for the quarter.
* Procter & Gamble Hygiene and Health Care, december quarter sales rose 19 percent YoY to Rs 1,018 crore. PAT rose 84 percent YoY to Rs 251 crore.
* VIP Industries, december quarter income at Rs 243 crore against Rs 108 crore QoQ. It reported a loss of Rs 7 crore against a loss of Rs 35 crore QoQ.
Bulk deals
* Societe Generali bought 10 lakh shares PVR at Rs1,520. While, Berry Creek Investment sold 9.6 lakh shares and Gray Birch sold 9.72 lakh shares of PVR at Rs1,520 each
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