Check out the companies which will be in focus during trade today based on recent and latest news developments.
Dr.Reddy’s Laboratories: Dr. Reddy’s Laboratories will announce its Q4 result today. IIFL estimates the company’s net profit to go up to Rs.524 crore at a rate of 1% yoy; however, the same is expected to fall 3.3% qoq.
Indian Oil Corporation: The Government has said that it has raised Rs.237 crore by selling a small portion of its shareholding in Indian Oil Corporation (IOC) to the company's employees.
Wipro: Wipro announced a strategic partnership with Etiya, the leading independent software vendor that provides partnership services to transform the communications and digital service provider's businesses.
Titan: Titan Eyeplus is set to launch two satellite lens manufacturing facilities in Noida and Mumbai, a company official said.
Kotak Mahindra Bank: Kotak Mahindra Bank, fourth largest Indian private sector bank by mcap, reported standalone net profit of Rs. 695.78 crore for the quarter ended March 31, 2016, registering growth of 31.99% yoy and 9.62% qoq.
Asian Paints: The company’s consolidated revenue stood at Rs. 3,971.28 crore, up 12.34% yoy but down 4.54% qoq.
Havells India: Havells India, fastest growing Electrical Power Distribution Equipment Company, reported standalone net profit of Rs. 366.49 crore for the quarter ended March 31, 2016, registering growth of 200.77% yoy and 203.46% qoq.
Apollo Tyres: The company’s consolidated revenue stood at Rs. 2,989.66 crore, down 5.38% yoy but up 1.39% qoq.
TVS Srichakra: The company’s revenue stood at Rs. 525.24 crore, up 12.96% yoy and 3.25% qoq.
Tata Steel Ltd: Tata Steel Ltd is considering transferring UK pension liabilities to an insurance company, according to reports. Liberty House Group and Excalibur Steel consortium are among seven bidders to the next stage of the sale process.
Sutlej Textiles: Sutlej Textiles and Industries on Wednesday reported a 78 per cent rise in net profit at Rs 48.81 crore in the March quarter. The company had registered a net profit of Rs 27.42 crore for the corresponding period a year ago.
Glenmark Pharma: Glenmark Pharma, one of the leading pharmaceutical companies in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1,781 crore at a rate of 0.3% yoy and 0.2% qoq.
Sanofi India: French drug major Sanofi has recalled the affected batches of Combiflam after the Drugs Controller General of India (DCGI) found the popular painkiller drug to be of sub-standard quality twice in the past three months, reports a business daily.
Jubilant Life Sciences: Jubilant Life Sciences and Cyclopharm mutually agree to terminate term sheet for Technegas licensing agreement.
Tyche Industries: Tyche Industries received USFDA approval for its API manufacturing facility located in Andhra Pradesh.
Dr.Reddy’s Laboratories: Dr. Reddy’s Laboratories will announce its Q4 result today. IIFL estimates the company’s net profit to go up to Rs.524 crore at a rate of 1% yoy; however, the same is expected to fall 3.3% qoq. Indian Oil Corporation: The Government has said that it has raised Rs.237 crore by selling a small portion of its shareholding in Indian Oil Corporation (IOC) to the company's employees.
Wipro: Wipro announced a strategic partnership with Etiya, the leading independent software vendor that provides partnership services to transform the communications and digital service provider's businesses.
Titan: Titan Eyeplus is set to launch two satellite lens manufacturing facilities in Noida and Mumbai, a company official said.
Kotak Mahindra Bank: Kotak Mahindra Bank, fourth largest Indian private sector bank by mcap, reported standalone net profit of Rs. 695.78 crore for the quarter ended March 31, 2016, registering growth of 31.99% yoy and 9.62% qoq.
Asian Paints: The company’s consolidated revenue stood at Rs. 3,971.28 crore, up 12.34% yoy but down 4.54% qoq.
Havells India: Havells India, fastest growing Electrical Power Distribution Equipment Company, reported standalone net profit of Rs. 366.49 crore for the quarter ended March 31, 2016, registering growth of 200.77% yoy and 203.46% qoq.
Apollo Tyres: The company’s consolidated revenue stood at Rs. 2,989.66 crore, down 5.38% yoy but up 1.39% qoq.
TVS Srichakra: The company’s revenue stood at Rs. 525.24 crore, up 12.96% yoy and 3.25% qoq.
Tata Steel Ltd: Tata Steel Ltd is considering transferring UK pension liabilities to an insurance company, according to reports. Liberty House Group and Excalibur Steel consortium are among seven bidders to the next stage of the sale process.
Sutlej Textiles: Sutlej Textiles and Industries on Wednesday reported a 78 per cent rise in net profit at Rs 48.81 crore in the March quarter. The company had registered a net profit of Rs 27.42 crore for the corresponding period a year ago.
Glenmark Pharma: Glenmark Pharma, one of the leading pharmaceutical companies in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1,781 crore at a rate of 0.3% yoy and 0.2% qoq.
Sanofi India: French drug major Sanofi has recalled the affected batches of Combiflam after the Drugs Controller General of India (DCGI) found the popular painkiller drug to be of sub-standard quality twice in the past three months, reports a business daily.
Jubilant Life Sciences: Jubilant Life Sciences and Cyclopharm mutually agree to terminate term sheet for Technegas licensing agreement.
Tyche Industries: Tyche Industries received USFDA approval for its API manufacturing facility located in Andhra Pradesh.
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