Check out the companies which will be in focus during trade today based on recent and latest news developments.
Karur Vysya Bank: The bank has announced it Q2 results on standalone basis, the bank’s net profit for the quarter stood at Rs. 142.22 crore, registering growth of 57.15% YoY. The bank’s Net Interest Income (NII) stood at Rs. 437.42 crore, up by 29.64% yoy.
Welspun India on Thursday announced foray into e-commerce with its new online retail store "Shopwelspun.in", and targets revenue of US$50 million by 2020.
Bank of Maharashtra: The bank has allotted over 10.52 crore equity shares to the government valued at Rs 393.99 crore in exchange of infusion of capital into the bank.
Parsvnath Developers Limited: The real-estate company launches “Parsvnath Aakanksha” (2/3 BHK Floors) in a fully functional, integrated township ‘Parsvnath City, Jodhpur’.
Jay Bharat Maruti: The company reported standalone net profit of Rs. 9.94 crore for the quarter, registering growth of (18.79%) yoy and 24.71% qoq. Company’s revenue stood at Rs. 329.47 crore, witnessed growth of (4.63%) yoy and 2.52% qoq.
VGuard Industries : The electrical appliances manufacturer reported standalone net profit of Rs. 23.06 crore for the quarter, registering growth of 20.35% yoy and (8.34%) qoq. Company’s revenue stood at Rs. 433.40 crore, witnessed growth of 0.49% yoy and (13.19%) qoq.
IOC: The oil company has increased diesel prices by 0.95/lt. It stated that they will continue to monitor prices in International Oil Market.
CCL Products (India): The company reported consolidated net profit of Rs. 29.25 crore for the quarter, registering growth of (3.17%) yoy and 11.94% qoq. Company’s revenue stood at Rs. 235.04 crore, witnessed growth of (4.93%) yoy and 7.01% qoq.
Cyient: The company reported consolidated net profit of Rs. 98.52 crore for the quarter, registering growth of 31.65% qoq and 9.24% yoy. Company’s revenue grew at Rs. 771.64 crore, registering growth of 6.24% qoq and 14.76% yoy.
Jet Airways: The airline company will step up services on domestic routes with the introduction of four new city pairs and 19 additional frequencies as part of its winter schedule to meet the increased demand on key sectors.
LIC Housing Finance: The company reported standalone net profit of Rs. 411.73 crore for the quarter, registering growth of 20.61% yoy and 7.74% qoq
Punj Llyod: The company bagged Rs. 367 Crore Paradip Refinery EPCC Package from Indian Oil Corporation. The scope of work for the project involves the Residual Basic Engineering including HAZOP study, detailed engineering, procurement, construction and commissioning of the Coker LPG Treating Unit and offsite and utility facility.
NIIT: The company has been awarded a multi-year contract to provide managed training services to Citi in the Europe Middle East and Africa region. With this new partnership, NIIT’s Corporate Learning Group will source and manage third party training procured by Citi across EMEA.
Hathway Cable : The Board of Directors have given its in-principle approval to demerge, transfer and vest the Company’s entire broadband business into its wholly owned subsidiary, Hathway Broadband Private Limited, subject to requisite approvals from the Shareholders, Creditors, High Court(s), Department of Telecommunications, Stock Exchanges, Securities and Exchange Board of India and other applicable regulatory/ governmental authorities.
Hinduja Global Solutions Limited: HGS recently launched the “Technology Enabled Learning Program” (TELP) at the Ashok Leyland School in Hosur, Tamil Nadu. This initiative of HGS in partnership with the Ashok Leyland Trust is said to benefit over 1,600 students at the school by leveraging a technology integrated learning model to enhance their learning ability.
SpiceJet, : The airline company has announced its very first red-eye flights within the domestic network on the Delhi – Bangalore route along with a new flight on Delhi – Nanded route, both commencing its operations on 2nd November 2015.
Aurobindo Pharma: The company has announced that it has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Memantine Hydrochloride Tablets, 5mg and 10mg (ANDA 203175) for treatment of Alzheimer.
DB Corp: The company recorded net profit declined by 13% at Rs. 59.1 crore for the quarter under review as compared to Rs. 68.1 crore for the quarter ended September 30, 2014.
Tribhovandas Bhimji Zaveri : TBZ announced its e-marketplace venture with Snapdeal to sell its range of diamond jewellery and gold coins.
McNally Bharat Engineering Company Ltd : The company said that it recently formed a 50:50 special purpose vehicle with EMC Group in Oman. In a stock exchange filing McNally Bharat said the SPV received a contract for construction, detailed engineering, commissioning of bitumen refinery in the Sultanate for a value of $315 million (around Rs 2,048 crore). Sohar Bitumen LLC is setting up the facility at Sohar in Muscat.
OnMobile Global Limited announced that it has won additional markets from Airtel for Ringback Tones. This has increased its coverage in India from over 60 million to over 115 million subscribers.
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