Check out the companies which will be in focus during trade today based on recent and latest news developments.
Biocon: Biocon will announce its Q4 numbers today. IIFL estimates that the company’s net profit is expected to tank to Rs. 101 crore, at a rate of 50% yoy and 1.9% qoq.
ABB India: ABB India Ltd posted a net profit of Rs. 709.80 mn for the quarter ended March 31, 2016 as compared to Rs. 542.90 mn for the quarter ended March 31, 2015.
UltraTech Cement: UltraTech Cement Ltd, India’s largest cement maker, on Monday said net profit for the quarter ended 31 March rose 10% due to better operational performance.
Infosys, Wipro: Infosys and Wipro are planning to make large upfront payments while bidding for large deals that offer assured revenues, according to reports.
Novartis: The company is planning to sell its near $14 bn stake in rival Roche, according to reports. Novartis built up one-third stake in Roche's voting stock between 2001 and 2003.
BPCL: BPCL has received green nod for Rs. 694-crore project of developing LPG import terminal as well as storage, bottling and bulk distribution facilities at Haldia Dock Complex in West Bengal, according to reports.
Godrej Consumer Products Ltd: GPCL plans to roll out mosquito repellent brand Good Knight in Africa as part of its plan to expand presence in the continent, as per media reports.
Indiabulls Real Estate Ltd: Property developer Indiabulls Real Estate reported a 36% decline in consolidated net profit to Rs.58.91 crore for the quarter ended 31 March due to an increase in tax expenses and finance costs.
ONGC: ONGC’s crude oil production during March, 2016 was 1870.06 TMT which is 6.04% lower than the target for the month and 4.04% lower than the production achieved in the corresponding month of last year.
Indiabulls Housing Finance: The company reported standalone net profit of Rs. 641.84 crore for the quarter ended March 31, 2016, registering growth of 21.81% yoy and 5.51% qoq.
L&T Finance Ltd: L&T Finance Ltd will look at any opportunity to get into the banking space even though it has not applied its mind on IDBI Bank, MD Y.M. Deosthalee has been quoted as saying by a business daily.
Welspun India: Welspun India, Asia's largest and the 2nd largest Terry Towel producers, reported consolidated net profit of Rs. 193.29 crore for the quarter ended March 31, 2016, registering growth of 19.77% yoy and 11.04% qoq.
Kalpataru Power Transmission Ltd: KPTL has bagged new orders of over Rs11.50bn in domestic and overseas markets.
Mahindra & Mahindra: M&M announced the launch of the limited edition Scorpio Adventure variant. With a production run of only 1,000 vehicles the limited edition variant is priced at Rs1.31mn (ex-showroom without Octroi, Navi Mumbai, BS4, 2WD).
Engineers India Ltd: EIL has signed a contract with Bangladesh Petroleum Corporation (BPC) for providing project management consultancy services for a USD1.7bn refinery expansion project.
GVK Power & Infrastructure Limited: The company has completed the sale of the gas-based thermal power plant of 217mw Phase one of Jegurupadu power project located in Kadiam mandal of East Godavari district of Andhra Pradesh.
Snowman Logistics: Snowman Logistics Ltd., an integrated temperature controlled logistics service provider, will announce its Q4 numbers today. IIFL estimates the company’s net profit to increase to Rs.4 crore, down 74.1% yoy and 17.8% qoq.
ABB India: ABB India Ltd posted a net profit of Rs. 709.80 mn for the quarter ended March 31, 2016 as compared to Rs. 542.90 mn for the quarter ended March 31, 2015.
UltraTech Cement: UltraTech Cement Ltd, India’s largest cement maker, on Monday said net profit for the quarter ended 31 March rose 10% due to better operational performance.
Infosys, Wipro: Infosys and Wipro are planning to make large upfront payments while bidding for large deals that offer assured revenues, according to reports.
Novartis: The company is planning to sell its near $14 bn stake in rival Roche, according to reports. Novartis built up one-third stake in Roche's voting stock between 2001 and 2003.
BPCL: BPCL has received green nod for Rs. 694-crore project of developing LPG import terminal as well as storage, bottling and bulk distribution facilities at Haldia Dock Complex in West Bengal, according to reports.
Godrej Consumer Products Ltd: GPCL plans to roll out mosquito repellent brand Good Knight in Africa as part of its plan to expand presence in the continent, as per media reports.
Indiabulls Real Estate Ltd: Property developer Indiabulls Real Estate reported a 36% decline in consolidated net profit to Rs.58.91 crore for the quarter ended 31 March due to an increase in tax expenses and finance costs.
ONGC: ONGC’s crude oil production during March, 2016 was 1870.06 TMT which is 6.04% lower than the target for the month and 4.04% lower than the production achieved in the corresponding month of last year.
Indiabulls Housing Finance: The company reported standalone net profit of Rs. 641.84 crore for the quarter ended March 31, 2016, registering growth of 21.81% yoy and 5.51% qoq.
L&T Finance Ltd: L&T Finance Ltd will look at any opportunity to get into the banking space even though it has not applied its mind on IDBI Bank, MD Y.M. Deosthalee has been quoted as saying by a business daily.
Welspun India: Welspun India, Asia's largest and the 2nd largest Terry Towel producers, reported consolidated net profit of Rs. 193.29 crore for the quarter ended March 31, 2016, registering growth of 19.77% yoy and 11.04% qoq.
Kalpataru Power Transmission Ltd: KPTL has bagged new orders of over Rs11.50bn in domestic and overseas markets.
Mahindra & Mahindra: M&M announced the launch of the limited edition Scorpio Adventure variant. With a production run of only 1,000 vehicles the limited edition variant is priced at Rs1.31mn (ex-showroom without Octroi, Navi Mumbai, BS4, 2WD).
Engineers India Ltd: EIL has signed a contract with Bangladesh Petroleum Corporation (BPC) for providing project management consultancy services for a USD1.7bn refinery expansion project.
GVK Power & Infrastructure Limited: The company has completed the sale of the gas-based thermal power plant of 217mw Phase one of Jegurupadu power project located in Kadiam mandal of East Godavari district of Andhra Pradesh.
Snowman Logistics: Snowman Logistics Ltd., an integrated temperature controlled logistics service provider, will announce its Q4 numbers today. IIFL estimates the company’s net profit to increase to Rs.4 crore, down 74.1% yoy and 17.8% qoq.
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