Check out the companies which will be in focus during trade today based on recent and latest news developments.
ICICI Bank: ICICI Bank India’s largest private sector bank, will announce its Q4 numbers today. IIFL estimates that the bank’s net profit is likely to plunge to Rs. 2,315 crore, at a rate of 21% yoy and 23% qoq.
Lupin: The company has announced the re-introduction of Methergine (methylergonovine maleate) Oral Tablets 0.2mg for the prevention and management of postpartum hemorrhage (PPH).
Marico: Marico will announce its Q4 numbers today. IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq.
Berger Paints India Ltd: Berger Paints India Ltd and Nippon Group of Japan have signed formal agreements to “transfer” some of their automotive paints businesses in India to their existing joint venture (JV).
Jewellery Stocks in focus:The Government in Rajya Sabha on Thursday refused to rollback 1% excise duty on non-silver jewellery, saying that luxury items cannot be kept out of tax ambit for perpetuity.
Dabur India: The company’s consolidated revenue stood at Rs. 2,161.30 crore, up 10.85% yoy and 1.61% qoq.
Essel Propack: Essel Propack, global leader in laminated plastic tubes, reported consolidated net profit of Rs.41.45 crore for the quarter ended March 31, 2016, registering decline of 8.72% yoy and 3.47% qoq.
Atul Ltd: Akzo Nobel NV has proposed to set up a joint venture (JV) with Atul Ltd to manufacture monochloroacetic acid (MCA), a key raw material for crop protection and other chemicals, in India. The company will announce its Q4 numbers today.
Idea Cellular: The net profit of the company plunged 24.7% to Rs.575.6 crore in Q4 compared with Rs.764.2 crore in Q3.EBITDA margin was at 38.1% vs 34.7% qoq, whereas EBITDA surged 15.6% to Rs.3,616 crore vs Rs.3,128 crore qoq.
Jubilant FoodWorks: Jubilant Consumer offloaded 3.6% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs. 303 crore through an open market transaction, as per media reports.
Ambuja Cements: The company reported 4.4% decline in net profit at Rs.304 crore for the quarter ended March 31, compared with Rs.318 crore in the same period last year.
Tata Elxsi: The company’s standalone revenue stood at Rs. 293.95 crore, up 7.25% qoq and 27.1% yoy.
ACC: ACC, country's largest cement and concrete maker, reported consolidated net profit of Rs. 226.95 crore for the quarter ended March 31, 2016, registering decline of 4.05% yoy but growth of 121.65% qoq.
Tata Power: Tata Power announced the successful commissioning of its 44 MW Lahori wind farm project, located in Shajapur district of Madhya Pradesh.
HCC: Hindustan Construction Company Ltd posted a net profit of Rs. 191.40 mn for the quarter ended March 31, 2016 as compared to Rs. 206.50 million for the quarter ended March 31, 2015.
Can Fin Homes: Can Fin Homes, home loan providers, reported standalone net profit of Rs. 47.44 crore for the quarter ended March 31, 2016, registering growth of 107.28% yoy and 12.47% qoq.
SQS India: The company’s consolidated revenue stood at Rs. 72.20 crore, up 7.6% qoq and 37.29% yoy.
Astra Microwave: Astra Microwave, one of the leading defence goods providers in the country, will announce its Q4 results today.IIFL estimates the company’s net profit to be at Rs.10 crore, which constitutes 89.9% rise yoy and 26.4% decline qoq.
Steel Strips Wheels: The company posted a net profit at Rs.18.49 crore for the Quarter ended March 31, 2016.The net sales for the quarter was at Rs.308.8 crore for the quarter ended March 31, 2016.
ICICI Bank: ICICI Bank India’s largest private sector bank, will announce its Q4 numbers today. IIFL estimates that the bank’s net profit is likely to plunge to Rs. 2,315 crore, at a rate of 21% yoy and 23% qoq.Lupin: The company has announced the re-introduction of Methergine (methylergonovine maleate) Oral Tablets 0.2mg for the prevention and management of postpartum hemorrhage (PPH).
Marico: Marico will announce its Q4 numbers today. IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq.
Berger Paints India Ltd: Berger Paints India Ltd and Nippon Group of Japan have signed formal agreements to “transfer” some of their automotive paints businesses in India to their existing joint venture (JV).
Jewellery Stocks in focus:The Government in Rajya Sabha on Thursday refused to rollback 1% excise duty on non-silver jewellery, saying that luxury items cannot be kept out of tax ambit for perpetuity.
Dabur India: The company’s consolidated revenue stood at Rs. 2,161.30 crore, up 10.85% yoy and 1.61% qoq.
Essel Propack: Essel Propack, global leader in laminated plastic tubes, reported consolidated net profit of Rs.41.45 crore for the quarter ended March 31, 2016, registering decline of 8.72% yoy and 3.47% qoq.
Atul Ltd: Akzo Nobel NV has proposed to set up a joint venture (JV) with Atul Ltd to manufacture monochloroacetic acid (MCA), a key raw material for crop protection and other chemicals, in India. The company will announce its Q4 numbers today.
Idea Cellular: The net profit of the company plunged 24.7% to Rs.575.6 crore in Q4 compared with Rs.764.2 crore in Q3.EBITDA margin was at 38.1% vs 34.7% qoq, whereas EBITDA surged 15.6% to Rs.3,616 crore vs Rs.3,128 crore qoq.
Jubilant FoodWorks: Jubilant Consumer offloaded 3.6% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs. 303 crore through an open market transaction, as per media reports.
Ambuja Cements: The company reported 4.4% decline in net profit at Rs.304 crore for the quarter ended March 31, compared with Rs.318 crore in the same period last year.
Tata Elxsi: The company’s standalone revenue stood at Rs. 293.95 crore, up 7.25% qoq and 27.1% yoy.
ACC: ACC, country's largest cement and concrete maker, reported consolidated net profit of Rs. 226.95 crore for the quarter ended March 31, 2016, registering decline of 4.05% yoy but growth of 121.65% qoq.
Tata Power: Tata Power announced the successful commissioning of its 44 MW Lahori wind farm project, located in Shajapur district of Madhya Pradesh.
HCC: Hindustan Construction Company Ltd posted a net profit of Rs. 191.40 mn for the quarter ended March 31, 2016 as compared to Rs. 206.50 million for the quarter ended March 31, 2015.
Can Fin Homes: Can Fin Homes, home loan providers, reported standalone net profit of Rs. 47.44 crore for the quarter ended March 31, 2016, registering growth of 107.28% yoy and 12.47% qoq.
SQS India: The company’s consolidated revenue stood at Rs. 72.20 crore, up 7.6% qoq and 37.29% yoy.
Astra Microwave: Astra Microwave, one of the leading defence goods providers in the country, will announce its Q4 results today.IIFL estimates the company’s net profit to be at Rs.10 crore, which constitutes 89.9% rise yoy and 26.4% decline qoq.
Steel Strips Wheels: The company posted a net profit at Rs.18.49 crore for the Quarter ended March 31, 2016.The net sales for the quarter was at Rs.308.8 crore for the quarter ended March 31, 2016.
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