Check out the companies which will be in focus during trade today based on recent and latest news developments.
Vedanta: The company posted a drop of 40.54 per cent in its consolidated net profit to Rs 973.97 crore for the second quarter ended September 30, 2015 as continued weakness in commodity prices in global markets impacted its earnings from oil and gas and mining operations. Its net profit was at Rs 1639.93 crore in the corresponding quarter last year.
Axis Bank Ltd: The bank has posted a net profit of Rs. 19156.40 million for the quarter ended September 30, 2015 as compared to Rs. 16107.10 million for the quarter ended September 30, 2014.
Lupin Ltd: The pharma company has posted a net profit after taxes & minority interest of Rs. 4088.40 million for the quarter ended September 30, 2015 as compared to Rs. 6300.40 mn for the quarter ended September 30, 2014.
Tata Communication Ltd: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 60.20 mn for the quarter ended September 30, 2015 as compared to Rs. 923.90 mn for the quarter ended September 30, 2014.
Thermax Ltd: The company reported a net profit of Rs. 648.324 mn for the quarter ended September 30, 2015 as compared to Rs. 860.110 mn for the quarter ended September 30, 2014.
Jubilant Life Sciences Ltd:The Board of Directors of the company to consider the proposal to issue securities which may include equity shares and/or instruments or securities convertible into, exchangeable with or otherwise linked to the equity shares of the Company, up to an amount of USD 200 million or Rs. 1,300 crores approx.
JSW Steel: Moody's Investors Service has affirmed the Ba1 corporate family rating and senior unsecured ratings on JSW Steel Limited (JSW). At the same time the outlook on all the ratings has been changed to negative from stable.
Aptech Ltd: The company has announced that they are enetering the formal K-12 school business. The maiden school will come up in Kabul, Afghanistan and will seek students in March 2016.
Bharat Forge: The company said it is reorganising operations of its European subsidiaries to reduce costs and facilitate tax and fiscal consolidation.
Bharti Airtel: Bharti Airtel said it had sold its telecom towers in Burkina Faso to independent tower company, Eaton Towers.
CG: Avantha Group Company CG announces the sale of its Canadian Power Transformer (CPT) business to PTI Holdings Corporation for an enterprise value of Canadian $20 million subject to post-closing adjustments.
Yes Bank: The bank has announced that pursuant to the approval received from the Reserve Bank of India, it has operationalised its IFSC Banking unit in the Gujarat International Finance Tec City.
Mastek: The company has bagged a multi-year contract from National Credit Guarantee Trustee Company (NCGTC) to deliver a ‘digital guarantee-processing platform’ thereby enabling banks, FIs, referred to as MLs (Member Lending Institutions) to participate in various credit guarantee schemes of Government of India. It is a nationwide initiative of extending collateral free loans to various underprivileged sections of the society.
Deepak Nitrite: Deepak Nitrite Ltd has received supplier excellence award in the outstanding performance category from Bayer Crop Science for the year 2015.
Mahindra Holidays: The net profit for the quarter stands at Rs. 28.9 crore.The total income for the quarter is at Rs.233 crore.
TVS Motors: The Company has posted a net profit of Rs. 1164.10 million for the quarter ended September 30, 2015 as compared to Rs. 948.10 mn for the quarter ended September 30, 2014.
Alembic Pharma Ltd: The pharma company has posted a net profit after tax and share of profit of associates of Rs. 2889.00 mn for the quarter ended September 30, 2015 as compared to Rs. 772.70 mn for the quarter ended September 30, 2014.
Shasun Pharma: The net profit for the quarter stands at Rs. 13.1 crore. The consolidated total income is at Rs.339.3 crore.
L&T Finance: The company has appointed Sachinn Joshi as the Chief Financial Officer of the Company w.e.f. October 26, 2015.
Reliance Industries became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.(HBL)
Spicejet: The aviation company announced another discount sale offer with ticket prices starting as low as Rs 749 for base fare (excluding taxes) in the domestic, and Rs 3,999 all in for the international sectors respectively.
Bharat Forge: The company said it is reorganising the operations of its European subsidiaries to reduce costs and facilitate tax and fiscal consolidation.
Dish TV India: The company posted a consolidated net profit of Rs 89.96 crore for second quarter ended September 30.
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