Check out the companies which will be in focus during trade today based on recent and latest news developments.
JSW Energy Ltd: Sajjan Jindal-led JSW Energy Ltd has said that it will acquire 100% of Jindal Steel & Power Ltd’s (JSPL) 1,000 megawatt (MW) thermal power plant in Chhattisgarh at an enterprise value of INR 4,000 crore, reports a business daily.
Jindal Steel and Power: Jindal Steel and Power will announce its Q4 numbers today. IIFL estimates that the company’s loss is expected to widen to Rs. 507 crore, at a rate of 2.4% yoy and 11.6% qoq.
Adani Power: The company’s consolidated revenue stood at Rs. 7,344.39 crore, up 57.35% yoy and 18.63% qoq.
Reliance Industries Ltd: Reliance Industries is contemplating whether to withdraw a pending arbitration with the Government on the gas price issue in order to benefit from higher gas prices, reports a business daily.
Hexaware Technologies: Hexaware Technologies will announce its Q4 numbers today. IIFL estimates that the company’s net profit is likely to soar to Rs. 104 crore, at a rate of 24.8% yoy and 4.7% qoq.
Adani Ports & Special Economic Zone: Adani Ports & Special Economic Zone, country's largest private multi-port operator, reported consolidated net profit of Rs. 914.06 crore for the quarter ended March 31, 2016, registering growth of 38.34% yoy and 41.72% qoq.
Bajaj Auto: Bajaj Auto last month regained the position of third-biggest two-wheeler company in volume terms, displacing Chennai-based TVS Motor, reports a business daily.
BHEL: A Parliamentary panel on Tuesday called for a forensic audit of BHEL to identify instances of deficiencies, saying that performance of the Maharatna PSU slackened in the last 2-3 years due to poor risk analysis and business foresight.
Tata Steel: The UK-based commodity-trading firm Liberty House Group has formally submitted the first bid for some of Tata Steel Ltd’s UK assets, reports a business daily.
Mangalam Cement: Mangalam Cement, one of the leading cement producers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to fall to Rs. 238 crore, at a rate of 0.1% yoy; however, the same is likely to go up 12.1% qoq.
SITI Cable, Den Networks: SITI Cable is planning to acquire Sameer Manchanda-promoted Den Networks, according to reports. SITI plans to expand its footprints via inorganic route and is talks with Den Network.
BASF India: The company’s standalone revenue stood at Rs. 1,152.12 crore, up 7.44% yoy and 1.8% qoq.
Jindal Steel and Power: Jindal Steel and Power will announce its Q4 numbers today. IIFL estimates that the company’s loss is expected to widen to Rs. 507 crore, at a rate of 2.4% yoy and 11.6% qoq.
Adani Power: The company’s consolidated revenue stood at Rs. 7,344.39 crore, up 57.35% yoy and 18.63% qoq.
Reliance Industries Ltd: Reliance Industries is contemplating whether to withdraw a pending arbitration with the Government on the gas price issue in order to benefit from higher gas prices, reports a business daily.
Hexaware Technologies: Hexaware Technologies will announce its Q4 numbers today. IIFL estimates that the company’s net profit is likely to soar to Rs. 104 crore, at a rate of 24.8% yoy and 4.7% qoq.
Adani Ports & Special Economic Zone: Adani Ports & Special Economic Zone, country's largest private multi-port operator, reported consolidated net profit of Rs. 914.06 crore for the quarter ended March 31, 2016, registering growth of 38.34% yoy and 41.72% qoq.
Bajaj Auto: Bajaj Auto last month regained the position of third-biggest two-wheeler company in volume terms, displacing Chennai-based TVS Motor, reports a business daily.
BHEL: A Parliamentary panel on Tuesday called for a forensic audit of BHEL to identify instances of deficiencies, saying that performance of the Maharatna PSU slackened in the last 2-3 years due to poor risk analysis and business foresight.
Tata Steel: The UK-based commodity-trading firm Liberty House Group has formally submitted the first bid for some of Tata Steel Ltd’s UK assets, reports a business daily.
Mangalam Cement: Mangalam Cement, one of the leading cement producers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to fall to Rs. 238 crore, at a rate of 0.1% yoy; however, the same is likely to go up 12.1% qoq.
SITI Cable, Den Networks: SITI Cable is planning to acquire Sameer Manchanda-promoted Den Networks, according to reports. SITI plans to expand its footprints via inorganic route and is talks with Den Network.
BASF India: The company’s standalone revenue stood at Rs. 1,152.12 crore, up 7.44% yoy and 1.8% qoq.
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