Check out the companies which will be in focus during trade today based on recent and latest news developments.
Reliance Industries: RIL will announce its Q4 results today. IIFL estimates that the Mukesh Ambani-led company’s net revenues are expected to dip to Rs. 54,601 crore, at a rate of 2.6% yoy and 3.5% qoq.
Hindustan Zinc: Hindustan Zinc , country's leading zinc producer and part of Vedanta Resources, reported standalone net profit of Rs. 2,149.13 crore for the quarter ended March 31, 2016, registering growth of 7.59% yoy and 18.65% qoq.
DHFL: Dewan Housing Finance Ltd is in talks to acquire Andromeda Sales & Distribution Pvt Ltd - one of the largest distributors of loans, mortgage, financing and financial instruments in India, reports a business daily.
Cairn India: Cairn India will announce its Q4 results today. IIFL estimates that the company’s net revenues are expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq.
Piramal Enterprises: Piramal Enterprises has invested Rs. 256 crore in Sanghi Industries, a Kutch-based cement company with production capacity of 4.1 million tonnes a year (mtpa).
IndusInd Bank: The bank reported standalone net profit of Rs. 620.35 crore for the quarter ended March 31, 2016, registering growth of 25.25% yoy and 6.77% qoq.
Srei Infrastructure Finance: The company said that the process of stake sale in Viom Networks Limited to American Tower Corporation (ATC) has been completed.
Tata Steel: The UK government is reportedly planning to acquire a minority stake of as much as 25% in Tata Steel's UK business to support the sale. This move comes on the actions taken by the UK government to salvage thousands of jobs after Tata Steel put its entire UK operations on the block, says report.
Bharti Infratel: The board will consider the recommendations for distribution of profits of the Company till the financial year ended March 31, 2016, by way of dividend or buy back of a portion of fully paid up equity shares or a combination thereof, in its meeting scheduled to be held on April 26, 2016.
NMDC: The government is planning to sell 10% of its stake in iron ore mining company NMDC through an offer for sale, as per media reports.
Satin Creditcare Network Ltd: The board of directors of the company will be held on April 25, 2016, to consider and approve the issuance of 2,50,00,000 Non-Convertible, Rated, Redeemable, Cumulative, Preference Share (NCRCPS) on a private placement basis to the persons belonging to non-promoter group, along with other items of Agenda.
Glenmark Pharmaceuticals: Glenmark Pharma has received three observations from the US health regulator for its Pithampur, Indore plant.
Shreyas Shipping and Logistics: The has added ninth container vessel to its fleet, thereby embarking on providing weekly seamless connectivity between east and west coast of India.
RPP Infra Projects Ltd: RPP Infra Projects has entered into a consortium agreement with Siemens for submitting a joint bid to Power Grid Company of Bangladesh to install substations.
Anuh Pharma: The pharma company said that the World Health Organisation (WHO) has suspended its products – Pyrazinamide and Sulfadoxine – from prequalified list of active pharmaceutical ingredients (API)
Dishman Pharma: Dishman Pharma has announced that it has received nod for Bonus Share issue.
Supreme Industries: The company has posted a net profit of Rs. 115 crore for the quarter ended March 31, 2016 whereas the same was at Rs. 102.2 crore for the quarter ended March 31, 2015.
Cyient: Cyient net profit dropped 24% to Rs. 66 crore in Q4 FY16 as compared to Rs. 86.84 crore in Q3. The company registered a total income of Rs.815.8 crore as against Rs.781.8 crore qoq. Cyient had a one-time loss of Rs.8.7 crore.
Jet Airways: Jet Airways is planning to hire 400 pilots in the next 18 months, according to reports.
Hindustan Zinc: Hindustan Zinc , country's leading zinc producer and part of Vedanta Resources, reported standalone net profit of Rs. 2,149.13 crore for the quarter ended March 31, 2016, registering growth of 7.59% yoy and 18.65% qoq.
DHFL: Dewan Housing Finance Ltd is in talks to acquire Andromeda Sales & Distribution Pvt Ltd - one of the largest distributors of loans, mortgage, financing and financial instruments in India, reports a business daily.
Cairn India: Cairn India will announce its Q4 results today. IIFL estimates that the company’s net revenues are expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq.
Piramal Enterprises: Piramal Enterprises has invested Rs. 256 crore in Sanghi Industries, a Kutch-based cement company with production capacity of 4.1 million tonnes a year (mtpa).
IndusInd Bank: The bank reported standalone net profit of Rs. 620.35 crore for the quarter ended March 31, 2016, registering growth of 25.25% yoy and 6.77% qoq.
Srei Infrastructure Finance: The company said that the process of stake sale in Viom Networks Limited to American Tower Corporation (ATC) has been completed.
Tata Steel: The UK government is reportedly planning to acquire a minority stake of as much as 25% in Tata Steel's UK business to support the sale. This move comes on the actions taken by the UK government to salvage thousands of jobs after Tata Steel put its entire UK operations on the block, says report.
Bharti Infratel: The board will consider the recommendations for distribution of profits of the Company till the financial year ended March 31, 2016, by way of dividend or buy back of a portion of fully paid up equity shares or a combination thereof, in its meeting scheduled to be held on April 26, 2016.
NMDC: The government is planning to sell 10% of its stake in iron ore mining company NMDC through an offer for sale, as per media reports.
Satin Creditcare Network Ltd: The board of directors of the company will be held on April 25, 2016, to consider and approve the issuance of 2,50,00,000 Non-Convertible, Rated, Redeemable, Cumulative, Preference Share (NCRCPS) on a private placement basis to the persons belonging to non-promoter group, along with other items of Agenda.
Glenmark Pharmaceuticals: Glenmark Pharma has received three observations from the US health regulator for its Pithampur, Indore plant.
Shreyas Shipping and Logistics: The has added ninth container vessel to its fleet, thereby embarking on providing weekly seamless connectivity between east and west coast of India.
RPP Infra Projects Ltd: RPP Infra Projects has entered into a consortium agreement with Siemens for submitting a joint bid to Power Grid Company of Bangladesh to install substations.
Anuh Pharma: The pharma company said that the World Health Organisation (WHO) has suspended its products – Pyrazinamide and Sulfadoxine – from prequalified list of active pharmaceutical ingredients (API)
Dishman Pharma: Dishman Pharma has announced that it has received nod for Bonus Share issue.
Supreme Industries: The company has posted a net profit of Rs. 115 crore for the quarter ended March 31, 2016 whereas the same was at Rs. 102.2 crore for the quarter ended March 31, 2015.
Cyient: Cyient net profit dropped 24% to Rs. 66 crore in Q4 FY16 as compared to Rs. 86.84 crore in Q3. The company registered a total income of Rs.815.8 crore as against Rs.781.8 crore qoq. Cyient had a one-time loss of Rs.8.7 crore.
Jet Airways: Jet Airways is planning to hire 400 pilots in the next 18 months, according to reports.
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