Check out the companies which will be in focus during trade today based on recent and latest news developments.
IOC, BPCL, HPCL: The oil marketing companies have increased the price of petrol by Rs.2.19 per litre while it hiked the price of diesel by Rs.0.98 per litre.
Maruti Suzuki: Maruti Suzuki India expects to clock double-digit growth in sales in FY17 as well, Executive Director (ED) Randhir Singh Kalsi has been quoted as saying.
Strides Shasun: Strides Shasun has closed the deal with Moberg Pharma, wherein the Indian pharma major has acquired 3 brands from Moberg for US$ 10 million.
Ricoh India: The company informed BSE that Mr Manoj Kumar has resigned from the Board of Directors of the Company with effect from April 02, 2016. He had been asked to go on leave on the March 29, 2016 by the decision of the Board of Directors.
Banking stocks in focus: The Reserve Bank of India (RBI) Governor Raghuram Rajan will announce its monetary policy today.
Mphasis: Private equity firm Blackstone said it struck a deal with Hewlett-Packard Enterprises to buy a majority stake in Mphasis, putting an end to the buyout battle for the Indian IT firm.
Aurionpro: Aurionpro has announced the completion of sale of its IT Services business in USA to Saicon Consultants Inc., a leading professional services company effective immediately.
Power Grid Corporation of India:The company said its board has given approval to investment proposals worth Rs. 3,324 crore, including Rs. 845 crore generation projects in Odisha and Rs 810 crore solar park in Karnataka.
Mahindra and Mahindra: Mahindra and Mahindra launched the Nuvo Sport compact sport utility vehicle. With prices starting at Rs.7.35 lakh (ex-showroom,Thane), Nuvo will be powered by a 1.5 litre mHawk engine, and replace the Quanto, the company’s first sub-four meter SUV offering launched in 2012. Mahindra has pitted the model against the Ford Ecosport.
Hindustan Unilever Ltd: FMCG major Hindustan Unilever has completed sale of its bread and bakery business under 'Modern' brand to Everstone Group's Nimman Foods Pvt Ltd.
Vedanta: Standard & Poor's Ratings Services said that it had affirmed its 'B' foreign currency long-term corporate credit rating on Vedanta Resources PLC.
Kitex Garments Ltd: Kitex Garments Ltd posted Q4 net profit for the quarter stands at Rs.45 crore
Torrent Pharma: Hyderabad-based specialty injectable drugmaker Gland Pharma has attracted bids from top drugmakers, including Torrent Pharma and US-based Baxter, says a business daily.
Lupin Ltd: Lupin Ltd is looking for acquisitions in Japan to maintain its lead in a bid to counter the threat from the entry of Sun Pharmaceutical Industries in that market, reports a business daily.
JSW Steel: Fitch Ratings downgraded Sajjan Jindal-led JSW Steel one notch to 'BB' from 'BB+', citing a decline in profitability and rise in leverage caused due to a prolonged period of weak international steel prices and debt-funded capacity expansion.
MBL Infrastructures: Construction firm MBL Infrastructures has bagged road development projects worth Rs 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.”MBL Infrastructures Ltd has been awarded the following projects on DBFOT (Design-Build-Finance-Operate-Transfer) Hybrid Annuity basis by the National Highways Authority of India (NHAI) worth Rs 2,126 crore,” the company said.
Cox and Kings Ltd: Cox and Kings Ltd, one of the oldest travel agents in India, has sold a majority stake in its subsidiaries—hotel booking website LateRooms UK Ltd and short break specialist firm Superbreak, the company informed the exchanges on Monday.
NTPC : State-run power producer NTPC said water scarcity has forced temporary closure of its power plant at Farakka, West Bengal, but it will not affect power supply to the state. The Board of Directors of the Company at its meeting held on March 30, 2016 as accorded investment approval for:- Mand saur Solar PV Project (5x50 MW) in the state of Madhya Pradesh at an appraised estimated cost of Rs. 1,502.77 Crore; and (ii) Bhadla Solar PV Project (4x65 MW) in the state of Rajasthan at an appraised estimated cost of Rs. 1,601.27 Crore.
Bajaj Auto: The auto company reported a 26 per cent increase in motorcycle sales at 2,64,249 units in March.
Maruti Suzuki: Maruti Suzuki India expects to clock double-digit growth in sales in FY17 as well, Executive Director (ED) Randhir Singh Kalsi has been quoted as saying.
Strides Shasun: Strides Shasun has closed the deal with Moberg Pharma, wherein the Indian pharma major has acquired 3 brands from Moberg for US$ 10 million.
Ricoh India: The company informed BSE that Mr Manoj Kumar has resigned from the Board of Directors of the Company with effect from April 02, 2016. He had been asked to go on leave on the March 29, 2016 by the decision of the Board of Directors.
Banking stocks in focus: The Reserve Bank of India (RBI) Governor Raghuram Rajan will announce its monetary policy today.
Mphasis: Private equity firm Blackstone said it struck a deal with Hewlett-Packard Enterprises to buy a majority stake in Mphasis, putting an end to the buyout battle for the Indian IT firm.
Aurionpro: Aurionpro has announced the completion of sale of its IT Services business in USA to Saicon Consultants Inc., a leading professional services company effective immediately.
Power Grid Corporation of India:The company said its board has given approval to investment proposals worth Rs. 3,324 crore, including Rs. 845 crore generation projects in Odisha and Rs 810 crore solar park in Karnataka.
Mahindra and Mahindra: Mahindra and Mahindra launched the Nuvo Sport compact sport utility vehicle. With prices starting at Rs.7.35 lakh (ex-showroom,Thane), Nuvo will be powered by a 1.5 litre mHawk engine, and replace the Quanto, the company’s first sub-four meter SUV offering launched in 2012. Mahindra has pitted the model against the Ford Ecosport.
Hindustan Unilever Ltd: FMCG major Hindustan Unilever has completed sale of its bread and bakery business under 'Modern' brand to Everstone Group's Nimman Foods Pvt Ltd.
Vedanta: Standard & Poor's Ratings Services said that it had affirmed its 'B' foreign currency long-term corporate credit rating on Vedanta Resources PLC.
Kitex Garments Ltd: Kitex Garments Ltd posted Q4 net profit for the quarter stands at Rs.45 crore
Torrent Pharma: Hyderabad-based specialty injectable drugmaker Gland Pharma has attracted bids from top drugmakers, including Torrent Pharma and US-based Baxter, says a business daily.
Lupin Ltd: Lupin Ltd is looking for acquisitions in Japan to maintain its lead in a bid to counter the threat from the entry of Sun Pharmaceutical Industries in that market, reports a business daily.
JSW Steel: Fitch Ratings downgraded Sajjan Jindal-led JSW Steel one notch to 'BB' from 'BB+', citing a decline in profitability and rise in leverage caused due to a prolonged period of weak international steel prices and debt-funded capacity expansion.
MBL Infrastructures: Construction firm MBL Infrastructures has bagged road development projects worth Rs 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.”MBL Infrastructures Ltd has been awarded the following projects on DBFOT (Design-Build-Finance-Operate-Transfer) Hybrid Annuity basis by the National Highways Authority of India (NHAI) worth Rs 2,126 crore,” the company said.
Cox and Kings Ltd: Cox and Kings Ltd, one of the oldest travel agents in India, has sold a majority stake in its subsidiaries—hotel booking website LateRooms UK Ltd and short break specialist firm Superbreak, the company informed the exchanges on Monday.
NTPC : State-run power producer NTPC said water scarcity has forced temporary closure of its power plant at Farakka, West Bengal, but it will not affect power supply to the state. The Board of Directors of the Company at its meeting held on March 30, 2016 as accorded investment approval for:- Mand saur Solar PV Project (5x50 MW) in the state of Madhya Pradesh at an appraised estimated cost of Rs. 1,502.77 Crore; and (ii) Bhadla Solar PV Project (4x65 MW) in the state of Rajasthan at an appraised estimated cost of Rs. 1,601.27 Crore.
Bajaj Auto: The auto company reported a 26 per cent increase in motorcycle sales at 2,64,249 units in March.
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