Wednesday 20 April 2016

Top 15 stocks in focus today: TCS, HDFC, Suzlon Energy

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

Stocks to watch
TCS: TCS reported consolidated net profit of Rs. 6,413.12 crore for the quarter ended March 31, 2016, registering growth of 5.42% qoq and 72.74% yoy.

HDFC: HDFC Standard Life announced that the board of directors of the insurance major have approved to initiate IPO process wherein the parent HDFC Ltd would sell 10% stake.

Suzlon Energy: Suzlon Energy has announced that it has acquired the following companies, Gale Solarfarms Private Limited, Tornado Solarfarms Private Limited, Abha Solarfarms Private Limited, Aalok Solarfarms Private Limited and Shreyas Solarfarms Private Limited to implement various renewable energy projects across the country, including the recently won solar projects in Maharashtra of 70 MW.

Nestle India: Nestle India Ltd said that Maggi has now gained more than 50 per cent market share in the category, based on a Nielsen report.

SpiceJet: SpiceJet has upgraded its summer schedule with 4th additional frequency on Delhi – Chandigarh, 3rd additional frequency on Delhi – Dharamshala and 2nd additional frequency on Delhi – Amritsar.

Tata Communications: Tata Communications announced it will be expanding its partnership with Asian Television Network Canada, to bring the network’s content to Canadian viewers, with potential for further international expansion.

Mastek: The company registered consolidated net profit of Rs 5.9 crore in Q4 as compared to Rs. 0.8 crore. The consolidated annual net profit for FY16 stood at Rs. 13.74 crore as against Rs. 17.73 crore yoy.

Monte Carlo Fashions: Monte Carlo Fashions Ltd is investing Rs. 15 to 20 crore to open 20 exclusive brand stores in FY17, reports a business daily.

CRISIL: The company. has posted a net profit of Rs. 78.6 crore for the quarter ended March 31, 2016 as compared to Rs. 56.3 crore for the quarter ended March 31, 2015.

ARSS Infra: ARSS Infrastructure Projects has informed BSE that a work order amounting to Rs. 64.73 crores namely "Widening & Strengthening of Jamujhadi - Basudevpur - Dhamara Road (S.H) to 2 Lane without paved shoulder from 18/800 Km to 22/750Km & from 27/100Km to 60/470 km" is awarded in favour to the Company 'ARSS Infrastructure Projects Limited' by Office of the Executive Engineer Bhadrak (R&B) Division, Bhadrak on April 18, 2016.

BEML: BEML has signed a Memorandum of Understanding (MoU) with Dredging Corporation of India Ltd for indigenous design, development and manufacture of spares for dredgers.

DCB Bank: Development Credit Bank (DCB Bank) is confident of growing its loan book by 23-25 per cent per annum and double it in 36-48 months, CEO & MD Murali M Natrajan has been quoted as saying.

Ashok Leyland: Ashok Leyland Ltd surpassed industry sales in goods and passenger categories with a growth rate of nearly 49 per cent in each of the segments, reports a business daily.

Nalco: Nalco has declared an interim dividend of 25%, i.e. Rs.1.25 per share of Rs.5 each, amounting to Rs.322.16 crore for the financial year 2015-16, on the paid-up equity share capital of Rs.1288.62 crore.

Religare Enterprises: Religare Enterprises Ltd has entered into a definitive agreement to divest its stake in Northgate Capital LLC and Northgate Capital LP, US based affiliates, which are part of its alternatives focused global asset management business, and their subsidiaries ("Northgate”). REL holds its stake in Northgate through its step-down subsidiary, Religare Global Asset Management Inc., USA.

RIL: Reliance Industries Ltd has began test production of coal bed methane (CBM) gas from two of its blocks, according to reports.

TVS Motor: TVS Motor Company has announced the launch of an all-new version of its executive segment bike TVS Victor, says report.

CMI: CMI has received approval from Indian Railways to supply Hard Drawn Contact Wire and Catenery Wire used in Electric Traction of trains at 25 KV.

Tata Motors: Tata Motors has received over 1 lakh enquiries for new Tiago, according to reports.

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