Check out the companies which will be in focus during trade today based on recent and latest news developments.
Aban Offshore Limited has informed the Exchange that the Company has received a letter of award from ONGC Ltd for deployment of jack-up rig Aban II for a period of 3 years. The total value of this firm order is approximately USD 50 Million (equivalent to Rs. 325 Crores). Contract is expected to commence during the first quarter of calender year 2016.
Maxwell Industries Ltd:The company has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2015, has approved the allotment of 30,00,000 equity shares to promoters and promoter group of the company pursuant to conversion of 30,00,000 warrants.
Axis Bank: Axis Bank is expected to report healthy growth in their domestic advances and asset quality within the guided band. However, earnings growth is likely to be marginally impacted by moderation in NIM and continuance of elevated credit cost.
Elder Pharmaceuticals Ltd: The pharma company reportedly plans to repay its creditors and fixed deposit investors by raising funds through a combination of debt, equity and asset sales.
Maruti Suzuki: Product mix is expected to have a big impact on the realizations for most companies under our coverage. For Maruti, while contribution of compact segment declined, contribution of Midsize (Ciaz) and Vans UV (launch of S-Cross) segment saw an increase. This would translate into better realizations for Maruti.
Steel Strips Wheels: The company has bagged an export order for supply of unassembled Steel wheels for supplies to Egypt market. The total order value would be about USD 2.8 mn for supplying approx 360,000 unassembled wheels in a period of 3 years.
Himachal Futuristic Communications Limited: The company reported Q2FY16 PAT is up by 4% to Rs.71.68 crore as compared to Rs.68.94 crore in Q2FY15, while Profit After Tax for H1FY16 including exceptional item stood at Rs.184.07 crore, up by 33% as compared to Rs.138.41 crore in the corresponding first half of previous fiscal.
Blue Star: The company reported itd total Ooperating income of Rs. 716.66 crores for the quarter ended September 30, 2015, as compared to Rs. 642.24 crores in Q2FY15, representing an increase of 12%.
Navneet Education Ltd: The company reported its net profit at Rs.10.5 crore for the quarter ended September 30, 2015 as compared to Rs.98.4 crore for the same quarter in the previous year. The company’s total income has decreased by 20.5 per cent to Rs.117.4 crore for the quarter under review from Rs. 147.8 crore for the corresponding quarter of the previous year.
Den Networks: The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 per cent of the paid up capital of DEN Networks Limited under the Portfolio Investment Scheme (PIS).
State Bank Of Mysore Ltd: The net profit for the quarter stands at Rs. 132 crore. The gross NPA was at 4.19%.
NIIT Technologies Ltd: The company has announced that it has signed Long-term strategic agreement with FlyDubai.
REC: Rural Electrification Corporation plans to raise Rs. 700 crore through public issue of tax-free non-convertible bonds.
Lupin: Lupin Limited announced that its US subsidiary, Lupin Pharmaceuticals Inc. (collectively Lupin) has launched its Calcium Acetate Capsules, 667 mg (eq. 169 mg Calcium) having received final approval from the United States Food and Drug Administration (FDA).The pharma company has also announced the appointment of Martin Mercer as its President for Latin American business.
Wonderla Holidays Ltd: The net profit for the quarter stood at Rs.12 Crore. The total Income is at Rs.43.2 Crore.
Inox Wind Ltd: The company consolidated net profit has jumped by 63.48% to Rs. 89.13 crore for the second quarter ended September 30, 2015 as against Rs. 54.52 crore in the same period a year ago.
Sterling Holiday Resorts Limited: The company announced its signing of agreement to acquire ‘Nature Trails Resorts Private Limited’ - an adventure holiday company that operates resorts at four unique destinations in Maharashtra.
JSW Energy Ltd: The company has announced that JSW Energy Natural Resources South Africa Proprietary Limited, a step down subsidiary of the Company in South Africa which holds 67.27% in its subsidiary, South African Coal Mining Holdings Limited (SACMH) has intimated its firm intention in terms of Regulation 101 of the Companies Regulations, 2011 of the Companies Act, 2008 to the proposed delisting of SACMH on the Johannesburg Stock Exchange (JSE) and an offer to all remaining shareholders.
Housing Development Finance Corporation Ltd: The company has posted a net profit after tax attributable to the Corporation and its Subsidiaries of Rs. 21065.10 mn for the quarter ended September 30, 2015 as compared to Rs. 20643.60 mn for the quarter ended September 30, 2014.
Hester Biosciences Ltd: The company reported a 12 per cent growth in sales and 57 per cent in net profit in the second quarter of 2015-16, ended September 30, as compared to the corresponding period last fiscal.
Sterlite Technologies Ltd: The company reported net loss for the quarter stands at Rs. 15.5 crore.The total income for Q2 is at Rs.1,139 crore.
No comments:
Post a Comment