Check out the companies which will be in focus during trade today based on recent and latest news developments.
BPCL: Bharat Petroleum Corporation Ltd (BPCL), one of the leading oil marketing companies (OMCs), will announce its Q4 numbers today. IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.
SpiceJet: SpiceJet hopes to place an order for more than 100 narrow-body aircraft in the next 2-3 months, Chairman & MD Ajay Singh has been quoted as saying by a business daily.SpiceJet is planning to list its securities on the National Stock Exchange, according to reports.
BHEL, Power Grid: BSE Ltd said that it will replace Bharat Heavy Electricals Ltd in its benchmark S&P BSE Sensex with Power Grid Corp. Ltd from 20 June.
National Aluminium Company Ltd: The company has announced that a meeting of the Board of Directors of the Company to consider the proposal for alteration In Articles of Association of the Company and Buyback of the fully paid-up equity shares of the Company.
Britannia Industries: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.1902.30 mn for the quarter ended March 31, 2016 as compared to Rs.1672.50 mn for the quarter ended March 31, 2015.
Cox & Kings: The company reported net loss at Rs.305.54 crore in the quarter ended March 2016 as against net profit of Rs.64.57 crore during the previous quarter ended March 2015.
Timken India: The company reported its net profit at Rs.27.50 crore in the quarter ended March 2016 as against Rs.17.21 crore during the previous quarter ended March 2015.
Praj Industries: Praj Industries reported its net profit declined 7.13% to Rs 34.00 crore in the quarter ended March 2016 as against Rs 36.61 crore during the previous quarter ended March 2015.
Selan Explorations Technology: The company's net profit is declined by 73.23% to Rs.1.06 crore in the quarter ended March 2016 as against Rs.3.96 crore during the previous quarter ended March 2015.
IDBI Bank: IDBI Bank Ltd has posted a net loss of Rs. 17358.10 million for the quarter ended March 31, 2016 compared with Net Profit of Rs. 5459.40 million for the quarter ended March 31, 2015.
Patel Engineering: The company has bagged orders worth Rs.2376.85 crores.
Ugar Sugar Works: The company reported net profit rose 166.26% to Rs.61.64 crore in the quarter ended March 2016 as against Rs.23.15 crore during the previous quarter ended March 2015.
Pennar Industries: The company posted its net profit rose by 1.50% to Rs.16.26 crore in the quarter ended March 2016 as against Rs.16.02 crore during the previous quarter ended March 2015.
Auto stocks in focus: Auto stocks will be in focus after Union Transport Minister Nitin Gadkari said the new scrapping policy being mulled will help raise turnover in the industry to Rs 20 lakh crore from Rs 5 lakh crore at present.
SAIL: The company is targeting sales of 17 million tonnes (MT) in the current fiscal year with focus on deriving 70% of the total figure from the northern and eastern regions of the country, reports a business daily.
Infrastructure Leasing & Financial Services Ltd: The company has initiated the process of listing its wind energy assets that fall under IL&FS Energy Development Co Ltd (IEDCL) as an infrastructure investment trust (InvIT), reports a business daily.
Tata Power: The company will announce its Q4 numbers today. IIFL estimates the company’s net profit to spurt to Rs.263 crore, at a rate of 151% yoy and 1,532.9 qoq.
ITC: ITC, a diversified company and leader in Tobacco industry, reported standalone net profit of Rs.2,495.20 crore for the quarter ended March 31, 2016, registering growth of 5.68% yoy, but decline of 5.94% qoq.
NMDC: Five merchant bankers have been shortlisted for helping the Government to sell a 10% stake in National Mineral Development Corporation Ltd, reports a business daily.The five merchant bankers/selling brokers are ICICI Securities Ltd, Citibank NA and SBI Capital Markets Ltd, Edelweiss Financial Services Ltd and Deutsche Bank AG.
Aviation stocks in focus: The Directorate General of Civil Aviation (DGCA) expects more than 100 million domestic passengers to fly by the year end, reports a financial newspaper.The domestic air passenger traffic market grew by 21% in April from a year earlier on the back of lower fares, according to the Directorate General of Civil Aviation (DGCA) data.
Aditya Birla Retail Ltd: Aditya Birla Group Chairman Kumar Mangalam Birla and his family plan to invest Rs.500 crore in the group's food and grocery business and increase its authorised capital to Rs.750 crore, reports a financial newspaper.
VRL Logistics: The company will announce its Q4 numbers today.IIFL estimates the company’s net profit to rise to Rs.25 crore at 29.9% yoy and 2% qoq.
TTK Prestige: TTK Prestige, one of the leading consumer goods companies in the country, will announce its Q4 results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.333 crore, growing at 16.5% yoy but dropping 25.6% yoy.
Avanti Feeds: The company's Q4 net profit rises 43.1% at Rs.31.2 crore. The total income was up 22.9% at Rs 468.8 crore as against Rs. 381.4 Cr (YoY).
City Union Bank: The bank will announce its Q4 numbers today. IIFL estimates the bank’s net profit to soar to Rs.100 crore, at a rate of 26% yoy; however, the same is expected to sink 2% qoq.
Kirloskar Electric: The company will increase the authorized capital of the Company from Rs. 90 crores to Rs. 115 crores; also, to increase the limit of holding by foreign entities in the Company from 24% to 49%.
Finolex Industries Ltd: The company posted a net profit of Rs. 784.784 million for the quarter ended March 31, 2016 as compared to Rs. 276.809 million for the quarter ended March 31, 2015.
Ramco Cements: The company’s consolidated revenue stood at Rs. 1,015.39 crore, up 1.79% yoy and 23.65% qoq.
BPCL: Bharat Petroleum Corporation Ltd (BPCL), one of the leading oil marketing companies (OMCs), will announce its Q4 numbers today. IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq. SpiceJet: SpiceJet hopes to place an order for more than 100 narrow-body aircraft in the next 2-3 months, Chairman & MD Ajay Singh has been quoted as saying by a business daily.SpiceJet is planning to list its securities on the National Stock Exchange, according to reports.
BHEL, Power Grid: BSE Ltd said that it will replace Bharat Heavy Electricals Ltd in its benchmark S&P BSE Sensex with Power Grid Corp. Ltd from 20 June.
National Aluminium Company Ltd: The company has announced that a meeting of the Board of Directors of the Company to consider the proposal for alteration In Articles of Association of the Company and Buyback of the fully paid-up equity shares of the Company.
Britannia Industries: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.1902.30 mn for the quarter ended March 31, 2016 as compared to Rs.1672.50 mn for the quarter ended March 31, 2015.
Cox & Kings: The company reported net loss at Rs.305.54 crore in the quarter ended March 2016 as against net profit of Rs.64.57 crore during the previous quarter ended March 2015.
Timken India: The company reported its net profit at Rs.27.50 crore in the quarter ended March 2016 as against Rs.17.21 crore during the previous quarter ended March 2015.
Praj Industries: Praj Industries reported its net profit declined 7.13% to Rs 34.00 crore in the quarter ended March 2016 as against Rs 36.61 crore during the previous quarter ended March 2015.
Selan Explorations Technology: The company's net profit is declined by 73.23% to Rs.1.06 crore in the quarter ended March 2016 as against Rs.3.96 crore during the previous quarter ended March 2015.
IDBI Bank: IDBI Bank Ltd has posted a net loss of Rs. 17358.10 million for the quarter ended March 31, 2016 compared with Net Profit of Rs. 5459.40 million for the quarter ended March 31, 2015.
Patel Engineering: The company has bagged orders worth Rs.2376.85 crores.
Ugar Sugar Works: The company reported net profit rose 166.26% to Rs.61.64 crore in the quarter ended March 2016 as against Rs.23.15 crore during the previous quarter ended March 2015.
Pennar Industries: The company posted its net profit rose by 1.50% to Rs.16.26 crore in the quarter ended March 2016 as against Rs.16.02 crore during the previous quarter ended March 2015.
Auto stocks in focus: Auto stocks will be in focus after Union Transport Minister Nitin Gadkari said the new scrapping policy being mulled will help raise turnover in the industry to Rs 20 lakh crore from Rs 5 lakh crore at present.
SAIL: The company is targeting sales of 17 million tonnes (MT) in the current fiscal year with focus on deriving 70% of the total figure from the northern and eastern regions of the country, reports a business daily.
Infrastructure Leasing & Financial Services Ltd: The company has initiated the process of listing its wind energy assets that fall under IL&FS Energy Development Co Ltd (IEDCL) as an infrastructure investment trust (InvIT), reports a business daily.
Tata Power: The company will announce its Q4 numbers today. IIFL estimates the company’s net profit to spurt to Rs.263 crore, at a rate of 151% yoy and 1,532.9 qoq.
ITC: ITC, a diversified company and leader in Tobacco industry, reported standalone net profit of Rs.2,495.20 crore for the quarter ended March 31, 2016, registering growth of 5.68% yoy, but decline of 5.94% qoq.
NMDC: Five merchant bankers have been shortlisted for helping the Government to sell a 10% stake in National Mineral Development Corporation Ltd, reports a business daily.The five merchant bankers/selling brokers are ICICI Securities Ltd, Citibank NA and SBI Capital Markets Ltd, Edelweiss Financial Services Ltd and Deutsche Bank AG.
Aviation stocks in focus: The Directorate General of Civil Aviation (DGCA) expects more than 100 million domestic passengers to fly by the year end, reports a financial newspaper.The domestic air passenger traffic market grew by 21% in April from a year earlier on the back of lower fares, according to the Directorate General of Civil Aviation (DGCA) data.
Aditya Birla Retail Ltd: Aditya Birla Group Chairman Kumar Mangalam Birla and his family plan to invest Rs.500 crore in the group's food and grocery business and increase its authorised capital to Rs.750 crore, reports a financial newspaper.
VRL Logistics: The company will announce its Q4 numbers today.IIFL estimates the company’s net profit to rise to Rs.25 crore at 29.9% yoy and 2% qoq.
TTK Prestige: TTK Prestige, one of the leading consumer goods companies in the country, will announce its Q4 results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.333 crore, growing at 16.5% yoy but dropping 25.6% yoy.
Avanti Feeds: The company's Q4 net profit rises 43.1% at Rs.31.2 crore. The total income was up 22.9% at Rs 468.8 crore as against Rs. 381.4 Cr (YoY).
City Union Bank: The bank will announce its Q4 numbers today. IIFL estimates the bank’s net profit to soar to Rs.100 crore, at a rate of 26% yoy; however, the same is expected to sink 2% qoq.
Kirloskar Electric: The company will increase the authorized capital of the Company from Rs. 90 crores to Rs. 115 crores; also, to increase the limit of holding by foreign entities in the Company from 24% to 49%.
Finolex Industries Ltd: The company posted a net profit of Rs. 784.784 million for the quarter ended March 31, 2016 as compared to Rs. 276.809 million for the quarter ended March 31, 2015.
Ramco Cements: The company’s consolidated revenue stood at Rs. 1,015.39 crore, up 1.79% yoy and 23.65% qoq.
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