Check out the companies which will be in focus during trade today based on recent and latest news developments.
M&M: Italian car designer Pininfarina reportedly said that it expects to reach a deal to be acquired by Mahindra and Mahindra in the next few weeks.
State Bank of India:SBI is planning to launch FTSE-SBI India Bond Index in association with FTSE TMX Global Debt Capital Markets, as per media reports.
Hindalco Industries: The company reported 31 per cent rise in its net profit at Rs.103.3 crore for the quarter ended September 30, 2015 as compared to Rs.78.8 crore for the same quarter in the previous year.
Wipro: The IT company has announced a partnership with Apttus, the category defining Quote-to-Cash cloud solution provider, to deliver contract life-cycle management, configure-price-quote and revenue management solutions to clients across industries.
Container Corp: The government is planning to sell a 5% stake in Container Corp, a notice seeking interest from investment banks to manage the sale worth about USD 200mn at current market price showed, as per media reports.
NMDC Ltd: NMDC posted a net profit of Rs. 810.2 crore for the quarter ended September 30, 2015 as compared to Rs. 1566.6 crore for the quarter ended September 30, 2014.
Indiabulls Housing Finance Ltd: Indiabulls Housing Finance has acquired a 40% stake in OakNorth Bank of the U.K. for $100 million. The investment has been identified and approved by the Strategic Investment Committee for Liability Franchise Development, the company said in a statement.
Saurashtra Cement: The cement company has allotted 1,80,00,000 equity shares of Rs. 10 each to the promoters and associates in compliance to the order dated March 14, 2013 of the BIFR.
GVK Power & Infrastructure Ltd: The company has posted a net loss of Rs. 123.5 crore for the quarter ended September 30, 2015 as compared to net loss of Rs. 235. crore for the quarter ended September 30, 2014.
National Fertilizers: National Fertilizers reported a 12 per cent fall in net profit at Rs. 54.19 crore for the second quarter ended September 30. The total income from operations declined to Rs. 2,255.77 crore in the current quarter from Rs. 2,323.63 crore in the year ago period.
Hindustan Copper: The company's net profit during the second quarter dipped to Rs. 7.41 crore from Rs. 17.21 crore in the same period a year ago.
NCC Ltd: NCC has posted a net profit of ₹54.95 crore for the second quarter ended September 30, 2015, against a profit of ₹22.12 crore in the corresponding quarter of previous year on a standalone basis, registering a growth of 148 per cent.
Suven Life Sciences: The company reported 22.23 per cent rise in its PAT at Rs.24.7 crore for the quarter ended September 30, 2015 as compared to Rs.20.2 crore for the same quarter in the previous year.
J Kumar Ltd: The company reported its net profit stands at Rs. 23.2 crore.
Tata Motors: Tata Motors Group global wholesales in October 2015, including Jaguar Land Rover, were at 92,949 nos., higher by 14%, over October 2014. Cumulative wholesales for this fiscal were at 5,71,850 nos., higher by 5% over the last fiscal.
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