Check out the companies which will be in focus during trade today based on recent and latest news developments.
Infosys: The IT company announced it would start construction of its 25,000 seat Mohali facility within one month and complete the first stage of the project within 18 months
Bharat Heavy Electricals Ltd: The company has posted a net profit of Rs. 338.90 mn for the quarter ended June 30, 2015 as compared to Rs. 1935.00 million for the quarter ended June 30, 2014. Total Income has decreased from Rs. 55027.60 million for the quarter ended June 30, 2014 to Rs. 48540.70 mn for the quarter ended June 30, 2015.
Lupin Limited: Pharma Major Lupin announced the opening of its new Center of Excellence for Inhalation Research in Coral Springs, Florida.
Mahindra & Mahindra Ltd: The company has posted a net profit of Rs. 8522.00 million for the quarter ended June 30, 2015 as compared to Rs. 8817.80 mn for the quarter ended June 30, 2014. The company will launch more products in the October-March period of this fiscal to fight volatility in the sector, Anand Mahindra said.
Thomas Cook India Ltd: India’s premier integrated travel and travel related financial services company has signed a definitive agreement with Kuoni Group to acquire Kuoni’s Travel businesses across India and Hong Kong in entirety for a consideration of Rs. 535 crore.
Kalpataru Power Ltd: The company reported a 45% rise in its net profit at Rs. 243.18 crore for the June quarter, from Rs. 167.93 crore a year ago.
ONGC: After arresting a seven-year decline in crude oil production, the company will see an 11% rise in output over the next three years as it brings newer fields in production.
Cox & Kings Ltd: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1345.172 mn for the quarter ended June 30, 2015 as compared to Rs. 1280.943 mn for the quarter ended June 30, 2014.
Eicher Motor: Eicher Polaris Pvt Ltd, a 50:50 joint venture between Eicher Motors and Polaris Industries plan to expand its market for Multix, a personal utility vehicle (PUV), nation-wide by mid 2017, and also look at exports to India-like markets in future.
Gujarat State Petronet Ltd: The company has posted a net profit of Rs. 1127.610 mn for the quarter ended June 30, 2015 as compared to Rs. 849.977 mn for the quarter ended June 30, 2014.
PNB: The bank has paid Rs. 366.32 crore dividend to government for the fiscal ended March 31.
DB Realty: The company posted consolidated net loss at Rs. 1.89 crore for the quarter ending June 2015.The Income from operations of the group increased to Rs. 62.71 crore in the April-June quarter.
NMDC: The company may soon secure 3,000-acre land in Jharkhand's West Singhbhum district for its proposed 6 million tonne steel plant, as per media reports.
Divis Laboratories Ltd: The pharma company has posted a net profit of Rs. 2,431.80 mn for the quarter ended June 30, 2015 as compared to Rs. 1,679.30 mn for the quarter ended June 30, 2014.
United Spirits Ltd: The company plans to revamp 15 'power' brands including McDowell's No 1, Antiquity and Signature as it increasingly focuses on selling premium products to consumers.
Mukta Arts: Foxconn tied up with Mukta Arts' subsidiary WhistlingWoods International (WWI) over the weekend for co-creation of content. Mukta Arts promoter and filmmaker Subhash Ghai reportedly said that there are many possibilities for the tie-up and that Foxconn may look at taking stake in either Mukta Arts or WWI.
UCO Bank: The bank has posted a net profit of Rs. 256.7crore for the quarter ended June 30, 2015 as compared to Rs. 521.4 crore for the quarter ended June 30, 2014. Total Income has decreased from Rs. 5,395.2 crore for the quarter ended June 30, 2014 to Rs. 5,169.1 crore for the quarter ended June 30, 2015.
Nestle India: Five more samples of instant snack Maggi have failed tests at a laboratory here as they contained lead content beyond the permissible limit.
Jaiprakash Associates Ltd: The company has posted a net loss of Rs. 4649.90 million for the quarter ended June 30, 2015 as compared to net loss of Rs. 806.10 million for the quarter ended June 30, 2014.
Sasken Communication Technologies: The Rs. 108-crore buyback offer from Sasken Communication Technologies will begin on Monday. The buyback proposal will be through tender offer route. The offer will close on August 24 the company has decided to buy-back 41.57 lakh equity shares, representing 19.48% of total paid-up equity share capital of the company, at a price of 260 a piece.
VA Tech Wabag Ltd: The company has posted a net loss after taxes, minority interest and share of profit /(loss) from associates of Rs. 98.80 mn for the quarter ended June 30, 2015 as compared to Net Profit of Rs. 101.70 mn for the quarter ended June 30, 2014.
Sobha Developers: The real estate firm has reported 21% drop in the first quarter profit for the fiscal year 2016 at Rs 45 crore primarily on account of higher overheads.
JK Tyre Ltd:The company is set to buy the Uttarakhand tyre unit of BK Birla flagship Kesoram Industries for an enterprise valuation of Rs. 2,000-2,200 crore.
MRPL: The company posted a net profit of Rs. 406 crore in the first quarter of 2015-16 as against a loss of Rs. 36 crore during the corresponding previous quarter.
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