Check out the companies which will be in focus during trade today based on recent and latest news developments.
SKS Microfinance: The company standalone net profit more than doubled to Rs.84.46 crore in the fourth quarter ended March 31, 2016, compared with Rs.40.53 crore in the corresponding quarter of the previous financial year.
Symphony Ltd: Symphony Ltd has created a wall-mounted air cooler for household customers called 'Symphony Cloud'.
Hero MotoCorp: The company will announce its Q4 number today. IIFL estimates that the company’s net profit is likely to increase to Rs. 829 crore at 73.80% yoy and 4.1% qoq.
Linde India: Linde India will invest Rs. 500 crore in Andhra Pradesh, Managing Director Moloy Banerjee said. The company on Wednesday announced the launch of a light-weight medical oxygen cylinder.
JSPL: Steel and energy company, Jindal Steel & Power's consolidated net loss narrowed to Rs.371.34 crore for the quarter ended March 31, 2016 compared to Rs. 519.30 crore in the corresponding quarter of the previous year and Rs. 573.48 crore in the preceding quarter.
NTPC: NTPC has asked Anil Ambani Group’s electricity distribution utilities in Delhi - BSES Rajdhani and BSES Yamuna - to clear Rs. 1,300 crore of dues by midnight 9th May or face a cut in power supply, reports a business daily.
Coal India Ltd: The company will set up 15 washeries across the country by October 2017 following which coal with more than 34 per cent ash content will be washed and supplied to consumers, reports a business daily.
JSW Energy: JSW Energy will fund the acquisition of Jindal Steel and Power Ltd’s (JSPL) 1,000 MW power plant via debt and internal accruals, the company said today while announcing the quarterly and yearly financial results.
SKS Microfinance: The company standalone net profit more than doubled to Rs.84.46 crore in the fourth quarter ended March 31, 2016, compared with Rs.40.53 crore in the corresponding quarter of the previous financial year.
Sun Pharma: Sun Pharma announced that two pivotal Phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses.
Symphony Ltd: Symphony Ltd has created a wall-mounted air cooler for household customers called 'Symphony Cloud'.
Hero MotoCorp: The company will announce its Q4 number today. IIFL estimates that the company’s net profit is likely to increase to Rs. 829 crore at 73.80% yoy and 4.1% qoq.
V-Guard Industries: The company reported standalone net profit of Rs. 41.97 crore for the quarter ended March 31, 2016, registering growth of 109.1% yoy and 95.36% qoq.
Canara Bank: Canara Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.35 per cent.
Orient Cement: The company’s standalone revenue stood at Rs. 449.29 crore, up 13.94% yoy and 27.03% qoq.
Reliance Power: Reliance Power said that the Bangladesh government has granted "in-principal" approved for the first phase of the company’s power generation project in the neighbouring country.
Mangalam Cement: The company’s standalone revenue stood at Rs. 215.61 crore, down 9.66% yoy but up 1.43% qoq.
Carborundum Universal: Carborundum Universal reported consolidated net profit of Rs.39.74 crore for the quarter ended March 31, 2016, registering decline of 39.84% yoy, but growth of 28.98% qoq.
Linde India: Linde India will invest Rs. 500 crore in Andhra Pradesh, Managing Director Moloy Banerjee said. The company on Wednesday announced the launch of a light-weight medical oxygen cylinder.
IVRCL: IVRCL Ltd has made an allotment of 2,29,52,029 equity shares at a price of Rs. 24.39/- each and 3,06,15,483 equity shares at a price of Rs.8.765/- each, to the lenders.
Repco Home Finance: Repco Home Finance Ltd proposes to raise up to US $ 40 million by an issue of Non Convertible Debentures (NCDs) to International Finance Corporation.
Tata Comm: Tata Communications, the Official Connectivity Provider of Formula 1, announces that it has been selected by Sky to deliver the live broadcast feeds of all 21 Grands Prix starting with the 2016 FIA Formula One World Championship season over its global superfast fibre network – the world’s only wholly-owned fibre network encircling the globe.
TVS Motor: TVS Motor Company announced the launch of its new four stroke TVS XL 100 in Karnataka.
Hexaware Technologies: Hexaware Technologies Ltd posted a net profit of Rs. 841.852 mn for the Quarter ended March 31, 2016 as compared to Rs. 833.503 mn for the Quarter ended March 31, 2015.
P&G: P&G , one of India’s leading companies in the health and hygiene space, will announce its Q4 number today. IIFL estimates that the company’s net profit is likely to increase to Rs. 100 crore at 15% yoy; however, the same is likely to fall 31.9% qoq.
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