Check out the companies which will be in focus during trade today based on recent and latest news developments.
Bharti Airtel: Bharti Airtel, India's largest telecom service provider, reported consolidated net profit of Rs.1,290.30 crore for the quarter ended March 31, 2016, registering growth of 2.79% yoy and 15.53% qoq.
Ambuja Cements: Ambuja Cements will announce its Q4 numbers today. IIFL estimates the company’s net profit to plunge to Rs.290 crore, at a rate of 8.8% yoy; however, the same is likely to jump 163.5% qoq.
Monnet Ispat & Energy: Lenders to Monnet Ispat & Energy Ltd (MIEL), led by State Bank of Patiala, have sought bids to sell up to a 51% equity stake in the company, reports a financial newspaper.
Suzlon Energy: Suzlon Ltd has announced that the board has approved merger of 3 arms with company and demerger of Tubular Tower Biz.
Aviation stocks: Indigo and SpiceJet have managed to increase their market share in the domestic aviation market at the expense of established full service carriers like Jet Airways and Air India, reports a business daily.
KPIT Technologies: KPIT Technologies, engineering services and solutions provider, reported consolidated net profit of Rs. 88.50 crore for the quarter ended March 31, 2016, registering growth of 20.42% qoq and 75.92% yoy.
CEAT: The company reported consolidated net profit of Rs.104.69 crore for the quarter ended March 31, 2016, registering growth of 11.48% yoy, but decline of 7.67% qoq.
Rico Auto Industries Ltd: The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan.
Aurobindo Pharma: The pharma company has received final approval from the US health regulator to manufacture and market generic version of heartburn relief medicine Famotidine tablets.
Infosys: KUKA Aktiengesellschaft and Infosys announced plans to jointly develop solutions to support companies embracing Industry 4.0.
Elecon Engineering: The company’s consolidated revenue stood at Rs. 414.69 crore, down 10.63% yoy but up 25.53% qoq.
Gati: Gati, leading overseas courier service, reported consolidated net profit of Rs. 15.54 crore for the quarter ended March 31, 2016, registering growth of 37.04% yoy and 102.61% qoq.
Puravankara Projects: Puravankara Projects Ltd has announced that the company had called a meeting of the Board of Directors to pass an enabling resolution to exit its investment of Rs.403 crore at Raidurg, Panamaktha Village which would inter-alia involve the sale of its entire shares in three wholly-owned subsidiaries of Puravankara Projects Limited.
Exide Industries: The company has posted a net profit after tax of Rs.1775.50 million for the quarter ended March 31, 2016 compared with Rs.1375.90 million for the quarter ended March 31, 2015.
Kansai Nerolac Paints: The company’s revenue stood at Rs. 891.07 crore, up 10.3% yoy but down 7.95% qoq.
JSW Energy: The company’s consolidated revenue stood at Rs. 2,681.40 crore, up 22.45% yoy and 1.22% qoq.
Lakshmi Vilas Bank: Lakshmi Vilas Bank, Chennai-based private sector lender, reported standalone net profit of Rs. 49. 07 crore for the quarter ended March 31, 2016, registering growth of 22.46% yoy and 6.51% qoq.
Shanthi Gears: The company’s standalone revenue stood at Rs. 41.65 crore, up 6.2% yoy but down 3.57% qoq.
Alembic Pharmaceuticals: Alembic Pharmaceuticals, Vadodara- based drug maker, reported consolidated net profit of Rs. 91.18 crore for the quarter ended March 31, 2016, registering growth of 29.64% yoy but decline of 66.16% qoq.
HCL Tech: HCL Technologies, one of the largest IT companies in the country, will announce its Q3 numbers today. IIFL estimates the company’s net profit to be at Rs.1,986 crore, which constitutes rise of 17.9% yoy and 3.5% qoq.
VA Tech WABAG: VA Tech WABAG has announced that it has bagged ADB funded project in Nepal worth Rs. 141 crores.
Dabur India: Dabur India will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.2,169 crore, at a rate of 11.3% yoy and 2% qoq.
Ambuja Cements: Ambuja Cements will announce its Q4 numbers today. IIFL estimates the company’s net profit to plunge to Rs.290 crore, at a rate of 8.8% yoy; however, the same is likely to jump 163.5% qoq.
Monnet Ispat & Energy: Lenders to Monnet Ispat & Energy Ltd (MIEL), led by State Bank of Patiala, have sought bids to sell up to a 51% equity stake in the company, reports a financial newspaper.
Suzlon Energy: Suzlon Ltd has announced that the board has approved merger of 3 arms with company and demerger of Tubular Tower Biz.
Aviation stocks: Indigo and SpiceJet have managed to increase their market share in the domestic aviation market at the expense of established full service carriers like Jet Airways and Air India, reports a business daily.
KPIT Technologies: KPIT Technologies, engineering services and solutions provider, reported consolidated net profit of Rs. 88.50 crore for the quarter ended March 31, 2016, registering growth of 20.42% qoq and 75.92% yoy.
CEAT: The company reported consolidated net profit of Rs.104.69 crore for the quarter ended March 31, 2016, registering growth of 11.48% yoy, but decline of 7.67% qoq.
Rico Auto Industries Ltd: The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan.
Aurobindo Pharma: The pharma company has received final approval from the US health regulator to manufacture and market generic version of heartburn relief medicine Famotidine tablets.
Infosys: KUKA Aktiengesellschaft and Infosys announced plans to jointly develop solutions to support companies embracing Industry 4.0.
Elecon Engineering: The company’s consolidated revenue stood at Rs. 414.69 crore, down 10.63% yoy but up 25.53% qoq.
Gati: Gati, leading overseas courier service, reported consolidated net profit of Rs. 15.54 crore for the quarter ended March 31, 2016, registering growth of 37.04% yoy and 102.61% qoq.
Puravankara Projects: Puravankara Projects Ltd has announced that the company had called a meeting of the Board of Directors to pass an enabling resolution to exit its investment of Rs.403 crore at Raidurg, Panamaktha Village which would inter-alia involve the sale of its entire shares in three wholly-owned subsidiaries of Puravankara Projects Limited.
Exide Industries: The company has posted a net profit after tax of Rs.1775.50 million for the quarter ended March 31, 2016 compared with Rs.1375.90 million for the quarter ended March 31, 2015.
Kansai Nerolac Paints: The company’s revenue stood at Rs. 891.07 crore, up 10.3% yoy but down 7.95% qoq.
JSW Energy: The company’s consolidated revenue stood at Rs. 2,681.40 crore, up 22.45% yoy and 1.22% qoq.
Lakshmi Vilas Bank: Lakshmi Vilas Bank, Chennai-based private sector lender, reported standalone net profit of Rs. 49. 07 crore for the quarter ended March 31, 2016, registering growth of 22.46% yoy and 6.51% qoq.
Shanthi Gears: The company’s standalone revenue stood at Rs. 41.65 crore, up 6.2% yoy but down 3.57% qoq.
Alembic Pharmaceuticals: Alembic Pharmaceuticals, Vadodara- based drug maker, reported consolidated net profit of Rs. 91.18 crore for the quarter ended March 31, 2016, registering growth of 29.64% yoy but decline of 66.16% qoq.
HCL Tech: HCL Technologies, one of the largest IT companies in the country, will announce its Q3 numbers today. IIFL estimates the company’s net profit to be at Rs.1,986 crore, which constitutes rise of 17.9% yoy and 3.5% qoq.
VA Tech WABAG: VA Tech WABAG has announced that it has bagged ADB funded project in Nepal worth Rs. 141 crores.
Dabur India: Dabur India will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.2,169 crore, at a rate of 11.3% yoy and 2% qoq.
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