Monday, 17 August 2015

20 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.


Gammon India Ltd: The company reported widening of its standalone net loss to Rs. 187.50 crore for the first quarter ended June 30, on poor sales and higher finance cost.

Nitin Fire: The company reported a net profit during the June quarter increased by 10.47 per cent to Rs 20.77 crore as against Rs 18.80 crore in the same three months last year. Amitabh Bachchan has bought 15 lakh shares of the company for Rs. 42.99 apiece, according to disclosures made under bulk deal on NSE.

Mahindra & Mahindra: The auto company will launch its new compact SUV named TUV300 on September 10 at Chakan plant in Maharashtra.

GMR Infrastructure Ltd: The company's its board has approved raising up to Rs. 2,500 crore through issue of securities.

DLF: The real estate company will invest about Rs9bn over the next three years on construction of its new commercial project in Gurgaon covering about 2.2 million sq ft of office space. The project will be developed on a 14-acre land.

Axis Bank: The bank has said a fifth of its point of sales machines (c.50,000) will be near-field communication (NFC) enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN.

IOCBPCL, HPCL: Indian Oil has cut prices of petrol by Rs. 1.27 a litre and of diesel by Rs. 1.17, effective on Saturday, the oil marketer announced. 

Cipla: The pharma company reported an over two-fold jump in its consolidated net profit to Rs 650.61 crore for the quarter ended June 30, 2015 mainly on account of robust sales.

Bhushan Steel: The company reported its standalone net loss has widened to Rs. 739 crore for the first quarter ended June 30.

Nestle India: The company has said it is confident of defending the Rs. 6.4bn class action suit filed by the government against it before NCDRC.

Essar Shipping Ltd: The company reported a consolidated net loss of Rs 115.71 crore for quarter ended June 30, 2015. The total income for the quarter was at Rs. 425.9 crore.

MOIL: MOIL has got green clearance for opening a new mine in Nagpur, Maharashtra. The company had applied for mining lease over 53.75 hectare land in Parsoda village, Tehsil Ramtek, Dist. Nagpur for opening a new mine.

Pipavav Defence and Offshore Engineering Company Ltd: The company reported a standalone net loss of Rs 167.27 crore for the fiscal first quarter that ended on June 30, 2015.

Cairn India Ltd: The company has sought government approval for proposed swap deal to skirt an oil export ban, by selling its high-way Rajasthan crude oil to foreign firms at higher rates and in return supplying an equivalent quantity of oil.

Tata Motors Ltd: Tata Motors reported 8.25 per cent decline in global sales, including that of Jaguar Land Rover, at 73,535 units in July. It had sold 80,151 units in the same month last year.

Hindalco Industries Ltd: The company reported a net profit of Rs. 107.19 crore for the quarter ended June, against a profit of Rs. 327.50 crore in the year-ago quarter, hurt by high finance and depreciation costs.

Punj Lloyd: The company reported widening of its net loss to Rs. 597.84 crore for the April-June quarter on sharp decline in income.

Pantaloons: The company plans to invest Rs. 125 crore this fiscal as it plans to add up to 35 stores across the country. Financial year 2015-16 capex guidance for Pantaloons stands at ~Rs. 125 crore mainly towards launch of new stores, according to Pantaloons' parent company Aditya Birla Nuvo.

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