Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Motors: The company plans to invest up to 1 billion euros for the new JLR plant outside the United Kingdom. It has signed a letter of intent with the Slovakian government to build the factory in the western city of Nitra, its first European production plant outside of the United Kingdom. The new plant is likely to have a capacity of 300,000 cars per year.
Tata Steel: The company has posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 7,629.60 million for the quarter ended June 30, 2015 as compared to Rs. 3,373.30 million for the quarter ended June 30, 2014.
Sun Pharma Ltd: The pharma company has posted a net profit after taxes & minority interest of Rs. 4789.60 million for the quarter ended June 30, 2015 as compared to Rs. 12045.90 million for the quarter ended June 30, 2014.
Bosch: The company reported 12 percent growth in Q1FY16 net profit at Rs. 343.74 crore when compared with Rs. 306.68 crore in Q1FY15. Total income was up 8.3 percent at Rs. 2,665 crore from Rs. 2,460 crore.
Coal India Ltd: The company is scheduled to announce its results today. The Cabinet may consider on Wednesday a 5-10% stake sale in Coal India that could fetch up to Rs 24,800 crore to the exchequer, as per media reports.
JSW Steel: The company has registered a flat growth in crude steel production at 11.26 lakh tonnes in July, 2015 as compared to 11.13 lakh tonnes in the same period last year.
Godrej Ind: The company's net profit rose 21.39% to Rs. 94.3 crore in the quarter ended June 2015 as against Rs. 77.7 crore during the previous quarter ended June 2014. Sales rose 5.81% to Rs 2423.96 crore in the quarter ended June 2015 as against Rs 2290.88 crore during the previous quarter ended June 2014.
Jubilant Life Sciences Ltd: The company's consolidated net profit jumped by over 26 times to Rs 128.06 crore for the first quarter ended June 30. Sales declined 1.52% to Rs. 1,438.38 crore in the quarter ended June 2015 as against Rs. 1,460.53 crore during the previous quarter ended June 2014.
Titan Company: Tata Steel has sold 2.18% of its stake in group firm Titan to Tata Sons for over Rs. 637 crore, a move aimed by the steel maker to monetise its non-core and listed assets, as per media reports.
The Great Eastern Shipping Company: G.E. Shipping has signed a contract to sell a new Kamsarmax Dry Bulk Carrier "Jag Aakash" (81,600 dwt).
SpiceJet & Jet Airways: CCI is investigating whether there is cartelisation among airlines in fixing passenger fares, the government said on Tuesday.
HPCL: The company posted a 35-fold jump in its first quarter net profit as the company achieved one of its best gross refining margins in recent times, said media reports.
Larsen & Toubro: The company announced the appointment of Sanjay Jalona as the Chief Executive Officer & Managing Director of its wholly-owned subsidiary L&T Infotech, with a mandate to lead the company in its next phase of growth. He has also been inducted as a Director on the board of L&T Infotech. Prior to joining L&T Infotech, Jalona was with Infosys as Executive Vice President and Global Head of High-Tech Manufacturing & Engineering Services.
Apollo Tyres: The company plans to spend Rs. 12 bn to increase the truck and bus radial tyre capacity at the Chennai plant from 8,900 tyres a day to 12,000 tyres a day. The company informed the stock exchanges that its board of directors, at a meeting, approved raising Rs. 20 bn in debt to meet the capital expenditure requirements and proposed expansions at Chennai and Kalamassery (Kerala) plants.
Maruti Suzuki: The company posted its highest market share in more than a decade in July, when almost one in every two passenger vehicles rolled out of the country's manufacturing plants had a Maruti badge on it.
IL&FS Transportation Networks: The company said that its subsidiary has signed a concession agreement with the Jharkhand Government for the development of six-laning of Ranchi Ring Road at an estimated cost of Rs. 5.87 bn.
Power Grid Corporation: The company is likely to soon raise another Rs. 30 bn under its second round of fund raising plan through domestic bonds to meet working capital expenditure.
Uttam Galva Steels Ltd: Shree Uttam Steel & Power and South Korea’s Posco have signed an agreement to set up a 3 million tonne per annum integrated steel manufacturing plant in Maharashtra at an investment of US$3bn (Rs. 19,200 crore
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