Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tech Mahindra: Tech Mahindra Ltd, one of India’s leading IT consulting and software companies, will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to plunge to Rs. 742.40 crore at a rate of 7.8% yoy and 5.5% qoq.
Kalpataru Power Transmission Ltd: KPTL and the Amin Group are interested in acquiring Jyoti Structures Ltd. after lenders decided to convert INR 307.6 crore worth of loans into equity in December, reports a financial newspaper.
JSW Steel Ltd: JSW Steel Ltd, India's largest private sector steel company, reported consolidated net loss of Rs.923.34 crore for the quarter ended December 31, 2015. The company’s consolidated revenue stood at Rs. 8,698.27 crore, down 34.22% yoy and 20.25% qoq.
Larsen & Toubro Ltd: The group has posted a net profit after tax, minority interest and share of profit of associates of Rs. 10348 mn for the quarter ended December 31, 2015 compared with Rs. 8,665.40 mn for the quarter ended December 31, 2014.
Mahindra Lifespace Developers Ltd: The company announced that Mahindra World City (Jaipur) Limited (MWCJL) is a subsidiary of the Company and a 74:26 Joint Venture between Mahindra Lifespace Developers Limited (the Company) and Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) (a Rajasthan Government Undertaking).
EIH: EIH Ltd. will spend INR 325 crore over the next two years to completely renovate its 51-year-old Oberoi Hotel in New Delhi, reports a business daily.
Marico: The company has posted a net profit at Rs. 1,978.09 mn for the quarter ended December 31, 2015 compared with Rs. 1,598.80 mn for the quarter ended December 31, 2014.
SpiceJet: The aviation company has increased its ticket cancellation charges by almost Rs. 100 and will be applicable from next month.
IOC, HPCL, BPCL: Government hiked the excise duty on petrol by Re 1 per litre and Rs. 1.50 on diesel.
Ajanta Pharma: Ajanta Pharma announce its Q3 results today. IIFL expects net revenue to soar to Rs. 93.6 crore at 10.6% yoy; however, it is expected that net revenue will likely fall marginally on a qoq basis.
VRL Logistics: VRL Logistics will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to increase to Rs. 33 crore, growing at 32% yoy and 13.8% qoq.
IDFC: IDFC posted a net profit of Rs. 1,761.80 mn for the quarter ended December 31, 2015 whereas the same was at Rs. 4,216 mn for the quarter ended December 31, 2014.
Grasim Industries: The company reported a net profit of Rs.650 crore for the quarter against Rs.334 crore in the year-ago period.
Jindal Saw: The company will announce its Q3 results today. IIFL forecasts the company’s net revenue for Q3 FY16 to plummet at a rate of 24.1% to Rs. 1,349 crore yoy; however, it is expected that net revenue will rise marginally qoq.
Siemens: The company has posted a net profit of Rs. 1,140.252 mn for the quarter ended December 31, 2015 whereas the same was at Rs. 6,340.333 mn for the quarter ended December 31, 2014.
TajGVK Hotels: TajGVK Hotels & Resorts , Tata Group's hospitality arm, reported standalone net profit of Rs.3.43 crore for the quarter ended December 31, 2015, registering growth of 27.79% yoy.
Astra Microwave Products: The company reported an 11.96% increase in net profit at Rs.14.22 crore for the third quarter that ended on December 31, 2015.
Zen Technologies: Zen Tech is all set to build customised solutions for Indian and global clients, Chairman & MD Ashok Atluri has been quoted as saying by a business daily.
eClerx Services: The company has posted a net profit after taxes at Rs. 886.974 mn for the quarter ended December 31, 2015 compared with Rs. 608.035 mn for the quarter ended December 31, 2014.
WABCO India: WABCO India Ltd clocked 82% increase in net profit at Rs.51.5 crore for the third quarter that ended December 31, 2015.
Shoppers Stop: Shoppers Stop net profit for the quarter stood at Rs.23.6 crores.
Tamil Nadu Newsprint & Papers: Tamil Nadu Newsprint & Papers commissioned its Rs. 1,650-crore multi-layer board plant in the in Tiruchi district of Tamil Nadu.
Engineers India: The first CPSE disinvestment of the last quarter of the fiscal year 2015-16 got off to a thumping start today with the Engineers India Limited (EIL) OFS getting oversubscribed 2.54 times.
Wendt (India): Wendt (India) has entered into an agreement with a leading Diamond Tool manufacturer, Star Diamond Tools Pvt. Ltd for the acquisition of the Diamond Dressing Tools business.
Hindalco Industries: Hindalco Industries has informed BSE that under the composite scheme of arrangement between Aditya Birla Nuvo Limited (ABNL), Madura Garments Lifestyle Retail Company Ltd (MGLRCL), and Pantaloons Fashion & Retail Limited (PFRL), the company has been allotted on January 27, 2016, 4,49 crore equity shares of Aditya Birla Fashion & Retail Limited aggregating to 5.85%.
Suzlon Energy: Suzlon Energy posted a net loss of Rs. 113.2 crore for the quarter ended December 31, 2015 compared with net loss Rs. 6538.7 crore for the quarter ended December 31, 2014.
Blue Star: Blue Star reported a total operating income of Rs 685.76 crore for the quarter ended December 31, 2015 compared with Rs 595.57 crores in Q3 FY15, which is an increase of 15%.
Nirlon Ltd: Nirlon Ltd reported a 53.4% increase in net profit at Rs.24.4 crore for the third quarter that ended on December 31, 2015.
Den Networks: Den Networks posted a net loss of Rs. 483.70 mn for the quarter ended December 31, 2015 compared with net loss Rs. 626 mn for the quarter ended December 31, 2014.
Relaxo Footwears: Relaxo Footwears , manufacturer of Footwear Products, reported standalone net profit of Rs.24.42 crore for the quarter ended December 31, 2015, registering growth of 22.71% yoy.
EIH: EIH, Oberoi Group owned luxury hotel chain, reported standalone net profit of Rs. 47.36 crore for the quarter ended December 31, 2015, registering growth of 8.57% yoy and 336.1% qoq.
Avanti Feeds: Avanti Feeds standalone revenue stood at Rs. 413.11 crore, resgistering growth of 7.29% yoy but decline of 22.49% qoq.
Dr. Reddy’s Lab: Dr. Reddy's Laboratories has received approval from the US Food and Drug Administration (US FDA) for ZEMBRACE SymTouch (sumatriptan succinate) injection, a drug-device combination product intended for the treatment of acute migraine in adults.
Magma Fin Corp: Honda Cars India Ltd signed a Memorandum of Understanding with Magma Fincorp. This association will help customers by providing them convenient and easy availability of auto loans with a wider reach. Magma Fincorp Limited will offer car loans up to 90% of the cost of the car, for tenure ranging up to 5 years at competitive rates.
Pidilite Industries: The company has posted a net profit at Rs. 1,857.20 mn for the quarter ended December 31, 2015 compared with Rs. 1,243.60 mn for the quarter ended December 31, 2014.
CARE: Credit Analysis and Research Ltd posted a net profit of Rs. 268.098 mn for the quarter ended December 31, 2015 as compared to Rs. 262.403 mn for the quarter ended December 31, 2014.
Thermax: Thermax Limited registered an operating revenue of Rs.1039 crore, lower by 8% compared to Rs.1125 crore for the corresponding period last year.
GIC Housing Finance: GIC Housing Finance, state-owned housing finance major , reported standalone net profit of Rs. 30.59 crore for the quarter ended December 31, 2015, registering growth of 21.82 % yoy
Kalpataru Power Transmission Ltd: KPTL and the Amin Group are interested in acquiring Jyoti Structures Ltd. after lenders decided to convert INR 307.6 crore worth of loans into equity in December, reports a financial newspaper.
JSW Steel Ltd: JSW Steel Ltd, India's largest private sector steel company, reported consolidated net loss of Rs.923.34 crore for the quarter ended December 31, 2015. The company’s consolidated revenue stood at Rs. 8,698.27 crore, down 34.22% yoy and 20.25% qoq.
Larsen & Toubro Ltd: The group has posted a net profit after tax, minority interest and share of profit of associates of Rs. 10348 mn for the quarter ended December 31, 2015 compared with Rs. 8,665.40 mn for the quarter ended December 31, 2014.
Mahindra Lifespace Developers Ltd: The company announced that Mahindra World City (Jaipur) Limited (MWCJL) is a subsidiary of the Company and a 74:26 Joint Venture between Mahindra Lifespace Developers Limited (the Company) and Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) (a Rajasthan Government Undertaking).
EIH: EIH Ltd. will spend INR 325 crore over the next two years to completely renovate its 51-year-old Oberoi Hotel in New Delhi, reports a business daily.
Marico: The company has posted a net profit at Rs. 1,978.09 mn for the quarter ended December 31, 2015 compared with Rs. 1,598.80 mn for the quarter ended December 31, 2014.
SpiceJet: The aviation company has increased its ticket cancellation charges by almost Rs. 100 and will be applicable from next month.
IOC, HPCL, BPCL: Government hiked the excise duty on petrol by Re 1 per litre and Rs. 1.50 on diesel.
Ajanta Pharma: Ajanta Pharma announce its Q3 results today. IIFL expects net revenue to soar to Rs. 93.6 crore at 10.6% yoy; however, it is expected that net revenue will likely fall marginally on a qoq basis.
VRL Logistics: VRL Logistics will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to increase to Rs. 33 crore, growing at 32% yoy and 13.8% qoq.
IDFC: IDFC posted a net profit of Rs. 1,761.80 mn for the quarter ended December 31, 2015 whereas the same was at Rs. 4,216 mn for the quarter ended December 31, 2014.
Grasim Industries: The company reported a net profit of Rs.650 crore for the quarter against Rs.334 crore in the year-ago period.
Jindal Saw: The company will announce its Q3 results today. IIFL forecasts the company’s net revenue for Q3 FY16 to plummet at a rate of 24.1% to Rs. 1,349 crore yoy; however, it is expected that net revenue will rise marginally qoq.
Siemens: The company has posted a net profit of Rs. 1,140.252 mn for the quarter ended December 31, 2015 whereas the same was at Rs. 6,340.333 mn for the quarter ended December 31, 2014.
TajGVK Hotels: TajGVK Hotels & Resorts , Tata Group's hospitality arm, reported standalone net profit of Rs.3.43 crore for the quarter ended December 31, 2015, registering growth of 27.79% yoy.
Astra Microwave Products: The company reported an 11.96% increase in net profit at Rs.14.22 crore for the third quarter that ended on December 31, 2015.
Zen Technologies: Zen Tech is all set to build customised solutions for Indian and global clients, Chairman & MD Ashok Atluri has been quoted as saying by a business daily.
eClerx Services: The company has posted a net profit after taxes at Rs. 886.974 mn for the quarter ended December 31, 2015 compared with Rs. 608.035 mn for the quarter ended December 31, 2014.
WABCO India: WABCO India Ltd clocked 82% increase in net profit at Rs.51.5 crore for the third quarter that ended December 31, 2015.
Shoppers Stop: Shoppers Stop net profit for the quarter stood at Rs.23.6 crores.
Tamil Nadu Newsprint & Papers: Tamil Nadu Newsprint & Papers commissioned its Rs. 1,650-crore multi-layer board plant in the in Tiruchi district of Tamil Nadu.
Engineers India: The first CPSE disinvestment of the last quarter of the fiscal year 2015-16 got off to a thumping start today with the Engineers India Limited (EIL) OFS getting oversubscribed 2.54 times.
Wendt (India): Wendt (India) has entered into an agreement with a leading Diamond Tool manufacturer, Star Diamond Tools Pvt. Ltd for the acquisition of the Diamond Dressing Tools business.
Hindalco Industries: Hindalco Industries has informed BSE that under the composite scheme of arrangement between Aditya Birla Nuvo Limited (ABNL), Madura Garments Lifestyle Retail Company Ltd (MGLRCL), and Pantaloons Fashion & Retail Limited (PFRL), the company has been allotted on January 27, 2016, 4,49 crore equity shares of Aditya Birla Fashion & Retail Limited aggregating to 5.85%.
Suzlon Energy: Suzlon Energy posted a net loss of Rs. 113.2 crore for the quarter ended December 31, 2015 compared with net loss Rs. 6538.7 crore for the quarter ended December 31, 2014.
Blue Star: Blue Star reported a total operating income of Rs 685.76 crore for the quarter ended December 31, 2015 compared with Rs 595.57 crores in Q3 FY15, which is an increase of 15%.
Nirlon Ltd: Nirlon Ltd reported a 53.4% increase in net profit at Rs.24.4 crore for the third quarter that ended on December 31, 2015.
Den Networks: Den Networks posted a net loss of Rs. 483.70 mn for the quarter ended December 31, 2015 compared with net loss Rs. 626 mn for the quarter ended December 31, 2014.
Relaxo Footwears: Relaxo Footwears , manufacturer of Footwear Products, reported standalone net profit of Rs.24.42 crore for the quarter ended December 31, 2015, registering growth of 22.71% yoy.
EIH: EIH, Oberoi Group owned luxury hotel chain, reported standalone net profit of Rs. 47.36 crore for the quarter ended December 31, 2015, registering growth of 8.57% yoy and 336.1% qoq.
Avanti Feeds: Avanti Feeds standalone revenue stood at Rs. 413.11 crore, resgistering growth of 7.29% yoy but decline of 22.49% qoq.
Dr. Reddy’s Lab: Dr. Reddy's Laboratories has received approval from the US Food and Drug Administration (US FDA) for ZEMBRACE SymTouch (sumatriptan succinate) injection, a drug-device combination product intended for the treatment of acute migraine in adults.
Magma Fin Corp: Honda Cars India Ltd signed a Memorandum of Understanding with Magma Fincorp. This association will help customers by providing them convenient and easy availability of auto loans with a wider reach. Magma Fincorp Limited will offer car loans up to 90% of the cost of the car, for tenure ranging up to 5 years at competitive rates.
Pidilite Industries: The company has posted a net profit at Rs. 1,857.20 mn for the quarter ended December 31, 2015 compared with Rs. 1,243.60 mn for the quarter ended December 31, 2014.
CARE: Credit Analysis and Research Ltd posted a net profit of Rs. 268.098 mn for the quarter ended December 31, 2015 as compared to Rs. 262.403 mn for the quarter ended December 31, 2014.
Thermax: Thermax Limited registered an operating revenue of Rs.1039 crore, lower by 8% compared to Rs.1125 crore for the corresponding period last year.
GIC Housing Finance: GIC Housing Finance, state-owned housing finance major , reported standalone net profit of Rs. 30.59 crore for the quarter ended December 31, 2015, registering growth of 21.82 % yoy
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