Check out the companies which will be in focus during trade today based on recent and latest news developments.
HUL: The company will announce its Q4 numbers today. IIFL estimates the company’s net profit to surge to Rs.1,107 crore at 8.8% yoy and 14% qoq.
Wockhardt: Wockhardt, pharmaceutical and biotechnology company headquartered in Mumbai, reported consolidated net profit of Rs.42.90 crore for the quarter ended March 31, 2016, registering growth of 25.88% yoy, but decline of 29.64% qoq.
Titan Company: Titan Company Ltd has reported a 14.4% decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16. Tata Group company said that it will be picking up stake in the Chennai-based online jewellery retailer Caratlane.
Emami: Emami is aggressively looking at acquisitions in India and abroad, Chief Financial Officer N.H. Bhansali has been quoted as saying by a business daily.
Hester Biosciences: Hester Biosciences reported a 57.14% rise in standalone net profit at Rs. 5.5 crore for the quarter ended March 31. The company had posted a net profit of Rs 3.5 crore for the corresponding period a year ago, it said in a filing to the BSE.
Astral Poly Technik Ltd: The company has announced that its Subsidiary has extended its portfolio with the creation of a new company in US.
Grasim Industries: The company’s consolidated revenue stood at Rs. 10,001.26 crore, up 13.43% yoy and 10.59% qoq.
Indo Count Industries: The board has approved the capex plan for Phase 2 estimated at Rs. 300 crores.
Arvind: Arvind is in talks to acquire Sequoia Capital-funded ecommerce company Freecultr, according to reports.
Info Edge: HSBC's brokerage arm has slashed the paper valuation of restaurant-discovery platform Zomato, reports a business daily. Zomato Media Pvt Ltd has been valued at ~US$500 million by HSBC Securities & Capital Markets (India) Pvt Ltd, about half the valuation at which the restaurant search firm raised its last round of funding in September, says the daily.
Westlife Development: The company’s consolidated revenue stood at Rs. 212.62 crore, up 17.61% yoy and 0.8% qoq.
Andhra Bank: Andhra Bank posted a net profit of Rs. 516 million for the quarter ended March 31, 2016 as compared to Rs. 1852.40 million for the quarter ended March 31, 2015.
Birla Corporation: Birla Corporation, cement major, reported standalone net profit of Rs. 115.66 crore for the quarter ended March 31, 2016, registering growth of 306.39% yoy and 1660.43% qoq.
Greaves Cotton: The company’s standalone revenue stood at Rs. 405.09 crore, up 2.87% yoy but down 0.16% qoq.
Tata Steel: Tata Steel may sell its Tata Steel UK's assets to Excalibur Steel. The announcement is expected by the end of June.
Vardhman Textiles: The company will announce its Q4 numbers today. IIFL estimates that the company’s net profit is likely to shoot up to Rs. 168 crore at 86.9% yoy and 4.1% qoq.
MM Forgings: The company will announce its Q4 numbers today. The company’s net revenue for Q4 FY16 is expected to climb to Rs.128 crore at a rate of 0.8% yoy and 1.6% qoq.
Wockhardt: Wockhardt, pharmaceutical and biotechnology company headquartered in Mumbai, reported consolidated net profit of Rs.42.90 crore for the quarter ended March 31, 2016, registering growth of 25.88% yoy, but decline of 29.64% qoq.
Titan Company: Titan Company Ltd has reported a 14.4% decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16. Tata Group company said that it will be picking up stake in the Chennai-based online jewellery retailer Caratlane.
Emami: Emami is aggressively looking at acquisitions in India and abroad, Chief Financial Officer N.H. Bhansali has been quoted as saying by a business daily.
Hester Biosciences: Hester Biosciences reported a 57.14% rise in standalone net profit at Rs. 5.5 crore for the quarter ended March 31. The company had posted a net profit of Rs 3.5 crore for the corresponding period a year ago, it said in a filing to the BSE.
Astral Poly Technik Ltd: The company has announced that its Subsidiary has extended its portfolio with the creation of a new company in US.
Grasim Industries: The company’s consolidated revenue stood at Rs. 10,001.26 crore, up 13.43% yoy and 10.59% qoq.
Indo Count Industries: The board has approved the capex plan for Phase 2 estimated at Rs. 300 crores.
Arvind: Arvind is in talks to acquire Sequoia Capital-funded ecommerce company Freecultr, according to reports.
Info Edge: HSBC's brokerage arm has slashed the paper valuation of restaurant-discovery platform Zomato, reports a business daily. Zomato Media Pvt Ltd has been valued at ~US$500 million by HSBC Securities & Capital Markets (India) Pvt Ltd, about half the valuation at which the restaurant search firm raised its last round of funding in September, says the daily.
Westlife Development: The company’s consolidated revenue stood at Rs. 212.62 crore, up 17.61% yoy and 0.8% qoq.
Andhra Bank: Andhra Bank posted a net profit of Rs. 516 million for the quarter ended March 31, 2016 as compared to Rs. 1852.40 million for the quarter ended March 31, 2015.
Birla Corporation: Birla Corporation, cement major, reported standalone net profit of Rs. 115.66 crore for the quarter ended March 31, 2016, registering growth of 306.39% yoy and 1660.43% qoq.
Greaves Cotton: The company’s standalone revenue stood at Rs. 405.09 crore, up 2.87% yoy but down 0.16% qoq.
Tata Steel: Tata Steel may sell its Tata Steel UK's assets to Excalibur Steel. The announcement is expected by the end of June.
Vardhman Textiles: The company will announce its Q4 numbers today. IIFL estimates that the company’s net profit is likely to shoot up to Rs. 168 crore at 86.9% yoy and 4.1% qoq.
MM Forgings: The company will announce its Q4 numbers today. The company’s net revenue for Q4 FY16 is expected to climb to Rs.128 crore at a rate of 0.8% yoy and 1.6% qoq.
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