Check out the companies which will be in focus during trade today based on recent and latest news developments.
Glenmark pharmaceuticals: Glenmark pharma reported consolidated net profit of Rs. 170.22 crore for the quarter ended December 31, 2015, registering growth of 48.40% yoy.
Maruti Suzuki India: Maruti Suzuki India, India's largest car maker, reported standalone net profit of Rs. 1,019.30 crore for the quarter ended December 31, 2015, registering growth of 27.07% yoy.
JSW Steel: The company will announce its Q3 result today. IIFL forecasts the company’s net revenue for Q3 FY16 to plunge to Rs. 9,319 crore, at a rate of 29.5% yoy and 14.6% qoq.
ICICI Bank: ICICI Bank, India's largest private sector bank, reported standalone net profit of Rs. 3,018.13 crore for the quarter ended December 31, 2015, registering growth of 4.46% yoy.
Bharti Airtel: Bharti Airtel reported consolidated net profit of Rs. 1,116.90 crore for the quarter, registering decline of 22.25% yoy.
HCC: HCC is open to selling more assets in its bid for a leaner balance sheet and more cash, reports a financial newspaper. The company reported standalone net profit of Rs. 19.38 crore for the quarter, registering decline of 28.59% yoy
Igarashi Motors: Igarashi Motors India Ltd, manufacturers of small, permanent magnet DC motors, reported standalone net profit of Rs. 14.73 crore for the quarter ended December 31, 2015, registering growth of 15.23% yoy.
Punj Lloyd: The company said its joint venture (JV) firm Limak has bagged orders worth Rs27.80bn from TANAP Dogalgaz Iletim AS in Turkey.
Eclerx: The company will announce its Q3 result today. According to IIFL estimates, the company’s net profit for Q3 FY16 is likely be around Rs. 92.5 crore, a rise of 52.1 % yoy and a dip of 0.5% qoq.
Vedanta: The company reported consolidated net profit of Rs. 17.91 crore for the quarter, registering decline of 98.87% yoy.
Dabur India: Dabur India, leading consumer goods manufacturer, reported consolidated net profit of Rs. 318.54 crore for the quarter ended December 31, 2015, registering growth of 12.65% yoy.
Gabriel India: The company will announce its Q3 result today. IIFL forecasts the company’s net revenue for Q3 FY16 to decline to Rs. 350 crore at a rate of 2.7% yoy and 6.8% qoq.
PC Jeweller: Foreign institutional investors (FIIs) can now invest up to 49 per cent of the paid-up capital of PC Jeweller, the Reserve Bank of India said.
Infosys: Infosys has made an investment of US $4 million in Waterline Data Science, a leading provider of data discovery and data governance software.
Blue Star: Blue Star, a leading consumer electronics firm, will announce its Q3 results today. According to IIFL estimates, the company’s net profit for Q3 FY16 is likely be around Rs. 14 crore, a rise of 122.2% yoy.
Jagran Prakashan: Jagran Prakashan will announce its Q3 result today. IIFL forecasts the company’s net revenue for Q3 FY16 to increase to Rs. 573 crore, at a rate of 21.7% yoy and 10.2% qoq.
Gayatri Projects Limited: The company plans to monetise more completed road assets in its efforts to reduce the company debt and then retrain its focus on EPC business.
Titan: Titan reported an 18.4% jump in net profit to Rs.225 crore in the fiscal third quarter, benefiting from higher demand generated by discounts in the festive season.
Indian Hume Pipe: Indian Hume Pipe Company Ltd will announce its Q3 result today. IIFL expects net profit to increase to Rs. 13 crore, growing at a rate of 4.8% yoy and 85.7% qoq.
EIL: The government fixed the floor price of Rs. 189 per share for selling its 10% shareholding in Engineers India Ltd that would fetch it about Rs. 637 crore.
Century Plyboards (India): Century Plyboards (India) plywood and veneer manufacturers, reported standalone net profit of Rs. 41.59 crore for the quarter ended December 31, 2015, registering growth of 0.54% yoy.
Majesco: The company announced that Clear Blue Financial Holdings LLC has selected Majesco to implement an MGA partner integration portal and an operational data store (ODS) as important foundational components to enable their program business growth strategies.
United Bank of India: United Bank of India plans to raise up to Rs. 1,500 crore through Qualified Institutional Placement, rights or public issue.
Firstsource: Firstsource announced that it has acquired the BPO division of US-based mortgage technology and services firm ISGN.
Sterlite Technologies: Sterlite Technologies , leading power & telecom products manufacturer, reported standalone net profit of Rs. 41.91 crore for the quarter, registering growth of 81.74% yoy.
Praj Industries: The company will announce its Q3 result today. IIFL expects net revenue to increase to Rs. 261 crore at 18.8% yoy and 28.3% qoq.
Siemens: Siemens will announce its Q3 result today. IIFL expects net revenue to increase to Rs. 2,349 crore at 7.5% yoy; however, it is expected to fall 28.8% qoq.
SQS India: SQS India reported consolidated net profit of Rs. 7.4 crore, registering decline of 27.45% qoq.
Suzlon Energy: Suzlon Energy will announce its Q3 result today. IIFL expects net revenue to increase to Rs. 261 crore at 18.8% yoy and 28.3% qoq. IIFL expects net profit to increase to Rs. 120 crore, growing at 3.4% qoq.
SBBJ: SBBJ Ltd reported net profit of Rs. 206 Cr (YoY) crore for the third quarter ended December 31, 2015 as compared to Rs. 163.4 Cr (YoY.)
Emami: The company’s consolidated revenue stood at Rs. 788.53 crore, clocking growth of 13.91% yoy.
Adlabs Entertainment: Adlabs Entertainment’s standalone net loss widened to Rs. 25.19 crore for the quarter as compared to net loss of Rs.22.39 crore in the corresponding quarter of the previous year, but narrowed from Rs. 34.72 crore in the preceding quarter.
Gujarat Pipavav Port: Gujarat Pipavav Port, largest container terminal operaters, reported standalone net profit of Rs. 53.30 crore for the quarter ended December 31, 2015, registering decline of 40.33% yoy.
Granules India: Granules India, pharmaceutical manufacturing company, reported consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, registering growth of 15.22% yoy.
Jyothy Laboratories: Jyothy Laboratories, fastest growing consumer goods provider in India, reported consolidated net profit of Rs. 38.99 crore for the quarter, registering growth of 47.37% yoy.
Aegis Logistics: Aegis Logistics, integrated logistics solution provider, reported consolidated net profit of Rs. 29.92 crore for the quarter ended December 31, 2015, registering decline of 23.4% yoy.
Apar Industries: Apar Industries reported standalone net profit of Rs. 68.02 crore for the quarter, jumping over 26 folds yoy and nearly three-folds qoq.
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