Check out the companies which will be in focus during trade today based on recent and latest news developments.
Wipro: Wipro registered a 6% rise in net revenue at Rs.13,742 crore in Q4 as against Rs.12,952 crore in Q3. The net profit of the company increased marginally to Rs.2,235 crore in Q4 FY16 as against Rs.2,234 crore in Q3.
Bharti Airtel: Bharti Airtel will sell more than 5 percent stake in its tower arm Bharti Infratel through an open market block deal, as per media reports.
Maruti Suzuki India Ltd: Maruti Suzuki India Ltd is working on having exclusive service facilities for Nexa customers, ED (Marketing & Sales) R.S. Kalsi has been quoted as saying by a business daily.
Tata Steel: The management of the UK strips division of Tata Steel has expressed interest in buying out the group’s five-million-tonne unit, reports a business daily.
IndusInd Bank: The bank will announce its Q4 numbers today.IIFL estimates the bank’s net revenues to soar to Rs.1,247 crore, growing at 35% yoy and 6% qoq.
Stone India: The company has bagged an order for supply & installation of 9090 units of Bio-Toilets to Govt. of Chattisgarh valuing Rs. 28.70 crores via its Business Associate, Cranberry Westlink T & D Inc.
Indraprastha Gas Ltd: IGL recorded highest CNG sale of 26.7 lakh kg a day this week, according to reports.
Hindustan Zinc: Hindustan Zinc will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to plunge to Rs.1,712 crore, at a rate of 13.8% yoy and 5% qoq.
Supreme Petrochem: Supreme Petrochem reported its net profit increased 164.8% to Rs.54.3 crore compared with Rs.20.5 crore in the corresponding quarter of the previous year.
Adani Enterprises Ltd: Adani Enterprises has received approval from the Gujarat government to begin work on building a solar power equipment plant, according to reports.
Skipper Ltd: Skipper has secured new orders worth approximately Rs.200 crore from Power Grid Corporation of India Limited and is favourably placed for contracts worth another Rs. 300 crore with them.
Aries Agro: The company gets bookings wrth Rs.201.78 crore for 65 brands.
Tide Water Oil: Tide Water Oil Co. (India) Ltd concluded an agreement to acquire UK-based lubricant maker Price Thomas Holdings Ltd for £9.59 million (Rs.91.3 crore) as part of its plans to expand overseas sales.
VST Industries Ltd: The company reported Rs.49.3 crore net profit for the quarter ended March 31 compared to Rs.152.20 crore reported in the year-ago period.
Sakthi Sugars: The company has annoounced that a scheme of demerger of ABT Limited has been approved by the High Court of Judicature at Madras.
Narayana Hrudayalaya: Narayana Hrudayalaya has launched Shri Mata Vaishno Devi Narayana Superspecialty Hospital at Kakryal
Wipro: Wipro registered a 6% rise in net revenue at Rs.13,742 crore in Q4 as against Rs.12,952 crore in Q3. The net profit of the company increased marginally to Rs.2,235 crore in Q4 FY16 as against Rs.2,234 crore in Q3.Bharti Airtel: Bharti Airtel will sell more than 5 percent stake in its tower arm Bharti Infratel through an open market block deal, as per media reports.
Maruti Suzuki India Ltd: Maruti Suzuki India Ltd is working on having exclusive service facilities for Nexa customers, ED (Marketing & Sales) R.S. Kalsi has been quoted as saying by a business daily.
Tata Steel: The management of the UK strips division of Tata Steel has expressed interest in buying out the group’s five-million-tonne unit, reports a business daily.
IndusInd Bank: The bank will announce its Q4 numbers today.IIFL estimates the bank’s net revenues to soar to Rs.1,247 crore, growing at 35% yoy and 6% qoq.
Stone India: The company has bagged an order for supply & installation of 9090 units of Bio-Toilets to Govt. of Chattisgarh valuing Rs. 28.70 crores via its Business Associate, Cranberry Westlink T & D Inc.
Indraprastha Gas Ltd: IGL recorded highest CNG sale of 26.7 lakh kg a day this week, according to reports.
Hindustan Zinc: Hindustan Zinc will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to plunge to Rs.1,712 crore, at a rate of 13.8% yoy and 5% qoq.
Supreme Petrochem: Supreme Petrochem reported its net profit increased 164.8% to Rs.54.3 crore compared with Rs.20.5 crore in the corresponding quarter of the previous year.
Adani Enterprises Ltd: Adani Enterprises has received approval from the Gujarat government to begin work on building a solar power equipment plant, according to reports.
Skipper Ltd: Skipper has secured new orders worth approximately Rs.200 crore from Power Grid Corporation of India Limited and is favourably placed for contracts worth another Rs. 300 crore with them.
Aries Agro: The company gets bookings wrth Rs.201.78 crore for 65 brands.
Tide Water Oil: Tide Water Oil Co. (India) Ltd concluded an agreement to acquire UK-based lubricant maker Price Thomas Holdings Ltd for £9.59 million (Rs.91.3 crore) as part of its plans to expand overseas sales.
VST Industries Ltd: The company reported Rs.49.3 crore net profit for the quarter ended March 31 compared to Rs.152.20 crore reported in the year-ago period.
Sakthi Sugars: The company has annoounced that a scheme of demerger of ABT Limited has been approved by the High Court of Judicature at Madras.
Narayana Hrudayalaya: Narayana Hrudayalaya has launched Shri Mata Vaishno Devi Narayana Superspecialty Hospital at Kakryal
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