Check out the companies which will be in focus during trade today based on recent and latest news developments.
Maruti Suzuki India: The auto company has launched a variant of its mid-sized sedan Ciaz priced at Rs 920,000 & Rs 1,028,000.
Ultratech Cement: The cement company reported consolidated net profit of Rs. 426.97 crore for the quarter, registering growth of 3.07% yoy and (27.77%) qoq. Company’s revenue stood at Rs. 6012.89 crore, witnessed growth of 4.21% yoy and (6.50%) qoq.
Dabur India: Dabur India will make an investment in the beauty retail space by spending over Rs. 1 bn on its chain NewU over the next 2 years.
Lupin: The Foreign Investment Promotion Board (FIPB) has cleared the foreign investment proposal of Lupin.
Infosys: The IT company announced it’s acquisition of Noah Consulting, which provides information management consulting services in the oil-and-gas sector, for $70mn in cash.
Aegis Logistics: Aegis Logistics has been allotted 3 acres of land at Mangalore Port to build a storage terminal.
Hindustan Zinc: The company reported standalone net profit of Rs. 2285.26 crore for the quarter, registering growth of 4.65% yoy and 18.97% qoq. Company’s revenue stood at Rs. 4033.30 crore, registering growth of 6.07% yoy and 11.10% qoq.
Adani Ports and Special Economic Zone Ltd: Adani Ports has signed a MoU with the India Pulses and Grains Association, to handle pulses import across its ports in the country.
Indian Hotels Ltd: The board of Indian Hotels Company has approved amalgamation of two of its wholly-owned subsidiaries into itself, as per media report.
Mangalore Chemicals and Fertilizers Ltd: The company reported a net loss of Rs 19.45 crore in the second quarter ended September 30.
Sunil Hitech Engineers: The company has bagged orders worth Rs. 474 crore for projects in Bihar from Ministry of Road Transport and Highways.
Gati Ltd: The company has posted a net profit after taxes and Minority Interest of Rs. 57.90 million for the quarter ended September 30, 2015 as compared to Rs. 69.30 million for the quarter ended September 30, 2014. Total Income has decreased from Rs. 4149.10 million for the quarter ended September 30, 2014 to Rs. 4077.20 million for the quarter ended September 30, 2015.
Kitex Garments: The company reported standalone net profit of Rs. 27.15 crore for the quarter, registering growth of 40.52% yoy and 70% qoq. Company’s revenue stood at Rs.134.25 crore, registering growth of 4.71% yoy and 23.07% qoq.
Orient Cement: The cement producing company reported standalone net profit of Rs. 28.01 crore for the quarter, registering growth of (35.35%) yoy and 0.43% qoq. Company’s revenue stood at Rs.356.80 crore, registering growth (7.54%) yoy and 2.12% qoq.
SKS Microfinance: The company posted a 37 percent increase in its net profit at Rs 77.9 crore for the second quarter ended September 30, 2015. Its net profit stood at Rs 56.75 crore in the same period of the previous fiscal.
Maharashtra Scooters Ltd: The net profit for the quarter stood at Rs. 49.2 crore. The sales for the quarter stands at Rs. 2.66 crore.
Petronet LNG: The company reported standalone net profit of Rs. 248.85 crore for the quarter, registering growth of (5.31%) yoy and 0.54% qoq. Company’s revenue stood at Rs.7,544.97 crore, registering decline of 31.28% yoy and 9.50% qoq. The company is reportedly in talks with Qatar’s RasGas to alter a decade-old liquefied natural gas (LNG) procurement agreement.
Gruh Finance Ltd: The company has posted a net profit of Rs. 517.10 million for the quarter ended September 30, 2015, 2015 as compared to Rs. 430.90 million for the same quarter in the previous year.
Heritage Food: The company reported 21.67 per cent rise in its net profit at Rs. 15.3 crore for the quarter ended September 30, 2015 as compared to Rs. 4.83 crore for the same quarter in the previous year.
M&M: The Agri Business vertical of Mahindra & Mahindra, part of the USD 16.9 billion Mahindra Group, forayed into branded pulses, with the launch of 'NuPro Tur Dal'. The move follows the launch of edible oils under the 'NuPro' brand umbrella by the company in August this year.
Nestle India: The governments of Gujarat and Karnataka on Monday announced lifting of ban on Maggi noodles after three laboratories certified by the National Accreditation Board for Testing & Calibration Laboratories (NABL) said on Friday that the Nestle India's instant snack was safe for consumption.
Dalmia Cement Bharat Ltd: The company expects to improve its share of cement sales from south India by entering the Karnataka market.
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