Check out the companies which will be in focus during trade today based on recent and latest news developments.
Ultratech Cement Ltd: Ultratech Cement Ltd will announce its Q4 numbers today. IIFL estimates that the company’s net profit is expected to increase to Rs. 693 crore, growing at a rate of 12.8% yoy and 36.4% qoq.
RIL: Reliance Industries Ltd reported standalone net profit of Rs. 7,320 crore for the quarter ended March 31, 2016, registering growth of 17.25% yoy and 1.41% qoq. The company said that it was looking to buy more crude oil from Iran.
Cairn India: The company’s consolidated revenue stood at Rs. 1,716.86 crore, down 35.87% yoy and 15.82% qoq. Cairn India has slashed its capital expenditure for FY17 by one-third to US$100 million (~Rs. 660 crore), reports a business daily. In an investor presentation post announcing FY16 earnings, Cairn India said that for FY17, a capex of US$100 million is planned.
Persistent Systems Ltd: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 808.07 million for the Quarter ended March 31, 2016 as compared to Rs. 760.50 mn for the Quarter ended March 31, 2015.
Tata Power: Tata Power Ltd has decided to increase the share of its renewable energy output to 30-40% by 2025, up from its earlier target of 20%, MD & CEO Anil Sardana told a domestic news agency.
ONGC: ONGC planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an estimated investment of around Rs. 700 crore, reports a business daily.
L&T: The Blackstone Group is set to buy a million square feet of retail space in L&T Realty Ltd’s Seawoods project in Navi Mumbai for Rs. 1,450 crore, reports a financial newspaper.
Sasken Communication Technologies: Sasken Communication Tech reported consolidated net profit of Rs. 174.63 crore for the quarter ended March 31, 2016, registering growth of 1451.71% qoq and 5866.18% yoy.
Zensar Technologies: Zensar Tech Profit After Tax (PAT) dropped to Rs 70.2 crore in Q4 as compared to Rs 71.5 crore in Q3 FY16. Net revenue of the company was registered at Rs. 746.38 crore in Q4 as against Rs. 756.81 crore in Q3.
Havells India: Havells India marked its entry into entry level modular switches with the launch of its innovative range of switches named “Reo Bliss”.
Bharti Airtel: The country's largest wireless telecom player in terms of subscribers, is considering a final dividend, or a share buyback, or a combination of both for FY16, the company said in a filing.
Jet Airways: The aviation company said it has received shareholders approval for the proposed merger of JetLite with itself. The board of Jet Airways had cleared the proposal to merge JetLite, the low-cost subsidiary with itself, in September last year.
HDFC Bank: HDFC Bank reported standalone net profit of Rs. 3,374.22 crore for the quarter ended March 31, 2016, registering growth of 20.21% yoy and 0.52% qoq.
TCS: TCS has formed a long term strategic partnership with Vistara. As per the agreement TCS will provide a broad range of IT services in the area of IT Management, application maintenance and application development to help Vistara achieve its goal in customer experience, operational excellence as well as cost leadership.
Tata Motors: Tata Motors is planning to raise Rs, 300 crore through issuance of non-convertible debentures (NCDs) to meet its expansion plan.
Mahindra & Mahindra Financial Services: The company reported standalone net profit of Rs. 370.27 crore for the quarter ended March 31, 2016, registering growth of 11.06% yoy and 451.27% qoq.
GVK Power: GVK Power & Infrastructure Ltd handed over its phase I power plant to AP Discoms for a final terminal value of Rs.261.27 Crore.
RIL: Reliance Industries Ltd reported standalone net profit of Rs. 7,320 crore for the quarter ended March 31, 2016, registering growth of 17.25% yoy and 1.41% qoq. The company said that it was looking to buy more crude oil from Iran.
Cairn India: The company’s consolidated revenue stood at Rs. 1,716.86 crore, down 35.87% yoy and 15.82% qoq. Cairn India has slashed its capital expenditure for FY17 by one-third to US$100 million (~Rs. 660 crore), reports a business daily. In an investor presentation post announcing FY16 earnings, Cairn India said that for FY17, a capex of US$100 million is planned.
Persistent Systems Ltd: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 808.07 million for the Quarter ended March 31, 2016 as compared to Rs. 760.50 mn for the Quarter ended March 31, 2015.
Tata Power: Tata Power Ltd has decided to increase the share of its renewable energy output to 30-40% by 2025, up from its earlier target of 20%, MD & CEO Anil Sardana told a domestic news agency.
ONGC: ONGC planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an estimated investment of around Rs. 700 crore, reports a business daily.
L&T: The Blackstone Group is set to buy a million square feet of retail space in L&T Realty Ltd’s Seawoods project in Navi Mumbai for Rs. 1,450 crore, reports a financial newspaper.
Sasken Communication Technologies: Sasken Communication Tech reported consolidated net profit of Rs. 174.63 crore for the quarter ended March 31, 2016, registering growth of 1451.71% qoq and 5866.18% yoy.
Zensar Technologies: Zensar Tech Profit After Tax (PAT) dropped to Rs 70.2 crore in Q4 as compared to Rs 71.5 crore in Q3 FY16. Net revenue of the company was registered at Rs. 746.38 crore in Q4 as against Rs. 756.81 crore in Q3.
Havells India: Havells India marked its entry into entry level modular switches with the launch of its innovative range of switches named “Reo Bliss”.
Bharti Airtel: The country's largest wireless telecom player in terms of subscribers, is considering a final dividend, or a share buyback, or a combination of both for FY16, the company said in a filing.
Jet Airways: The aviation company said it has received shareholders approval for the proposed merger of JetLite with itself. The board of Jet Airways had cleared the proposal to merge JetLite, the low-cost subsidiary with itself, in September last year.
HDFC Bank: HDFC Bank reported standalone net profit of Rs. 3,374.22 crore for the quarter ended March 31, 2016, registering growth of 20.21% yoy and 0.52% qoq.
TCS: TCS has formed a long term strategic partnership with Vistara. As per the agreement TCS will provide a broad range of IT services in the area of IT Management, application maintenance and application development to help Vistara achieve its goal in customer experience, operational excellence as well as cost leadership.
Tata Motors: Tata Motors is planning to raise Rs, 300 crore through issuance of non-convertible debentures (NCDs) to meet its expansion plan.
Mahindra & Mahindra Financial Services: The company reported standalone net profit of Rs. 370.27 crore for the quarter ended March 31, 2016, registering growth of 11.06% yoy and 451.27% qoq.
GVK Power: GVK Power & Infrastructure Ltd handed over its phase I power plant to AP Discoms for a final terminal value of Rs.261.27 Crore.
No comments:
Post a Comment