Check out the companies which will be in focus during trade today based on recent and latest news developments.
SBI: State Bank of India (SBI), the largest bank in India, will announce its financial results today. As per IIFL’s forecast, the bank’s net interest income for Q4 FY16 is expected to dip to Rs.14,221 crore, at a rate of 3% yoy; however, the same is likely to increase 5% qoq.
BPCL: The company has posted a net profit of Rs.25490.80 million for the quarter ended March 31, 2016 as compared to Rs.28528.90 million for the quarter ended March 31, 2015.
Crompton Greaves: Crompton Greaves, one of the leading manufacturers of heavy electrical equipments in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tank to Rs.2,274 crore, at a rate of 40.3% yoy; however, the same is likely to increase 10% qoq.
TCS: TCS CEO N Chandrasekaran's pay rises 20% in FY16 to Rs 25.6 crore, as per reports. Chandrasekaran's compensation stands at 459 times the median level at company.
Power Grid Corporation of India Ltd: The company posted a net profit of Rs.15990.50 million for the quarter ended March 31, 2016 as compared to Rs.14124.80 million for the quarter ended March 31, 2015.
United Spirits Ltd: United Spirits posted a net loss of Rs.89.90 mn for the quarter ended March 31, 2016 as compared to Rs.17992.80 mn for the quarter ended March 31, 2015.
Central Bank of India: The Board of Directors at the said in a meeting it may consider the proposal seeking approval of shareholders in advance to raise the equity capital upto Rs.3000 crore during Financial year 2016-17 through various modes such as- Preferential Issue, QIP, Rights Issue, FPO, etc. subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any) in the forthcoming Annual General Meeting.
VA Tech Wabag Ltd: VA Tech Wabag Ltd posted a net profit of Rs.685.40 million for the quarter ended March 31, 2016 as compared to Rs. 705 million for the quarter ended March 31, 2015.
RPG Life Sciences Ltd: The company has decided to sell its biotech unit to Intas Pharmaceuticals Ltd for an unspecified amount, as per media reports.
Torrent Pharma: Torrent Pharma is in talks to buy bulk drugs supplier Glochem Industries for about Rs.300 crore, according to reports.
Shipping Corporation of India Ltd: Shipping Corporation of India Ltd posted a net loss of Rs.70.20 million for the quarter ended March 31, 2016 as compared to net profit of Rs.1014.90 million for the quarter ended March 31, 2015.
Neyveli Lignite Corporation Ltd: Neyveli Lignite Corporation posted a net profit of Rs. 4462.40 million for the quarter ended March 31, 2016 as compared to Rs. 6768.10 million for the quarter ended March 31, 2015.
Apollo Hospitals Enterprise: The pharma company has launched its first standalone fertility centre in Chennai with a promise to offer quality infertility treatment backed by world class infrastructure and a team of experienced clinicians.
Adani Transmission: The company informed that the board of directors has approved the company's fund raising plans of up to Rs.85 bn through a variety of instruments.
NIIT: NIIT has entered into two strategic agreements in China to develop a pool of next generation IT professionals in big data and analytics.
BPCL: The company has posted a net profit of Rs.25490.80 million for the quarter ended March 31, 2016 as compared to Rs.28528.90 million for the quarter ended March 31, 2015.
Crompton Greaves: Crompton Greaves, one of the leading manufacturers of heavy electrical equipments in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tank to Rs.2,274 crore, at a rate of 40.3% yoy; however, the same is likely to increase 10% qoq.
TCS: TCS CEO N Chandrasekaran's pay rises 20% in FY16 to Rs 25.6 crore, as per reports. Chandrasekaran's compensation stands at 459 times the median level at company.
Power Grid Corporation of India Ltd: The company posted a net profit of Rs.15990.50 million for the quarter ended March 31, 2016 as compared to Rs.14124.80 million for the quarter ended March 31, 2015.
United Spirits Ltd: United Spirits posted a net loss of Rs.89.90 mn for the quarter ended March 31, 2016 as compared to Rs.17992.80 mn for the quarter ended March 31, 2015.
Central Bank of India: The Board of Directors at the said in a meeting it may consider the proposal seeking approval of shareholders in advance to raise the equity capital upto Rs.3000 crore during Financial year 2016-17 through various modes such as- Preferential Issue, QIP, Rights Issue, FPO, etc. subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any) in the forthcoming Annual General Meeting.
VA Tech Wabag Ltd: VA Tech Wabag Ltd posted a net profit of Rs.685.40 million for the quarter ended March 31, 2016 as compared to Rs. 705 million for the quarter ended March 31, 2015.
RPG Life Sciences Ltd: The company has decided to sell its biotech unit to Intas Pharmaceuticals Ltd for an unspecified amount, as per media reports.
Torrent Pharma: Torrent Pharma is in talks to buy bulk drugs supplier Glochem Industries for about Rs.300 crore, according to reports.
Shipping Corporation of India Ltd: Shipping Corporation of India Ltd posted a net loss of Rs.70.20 million for the quarter ended March 31, 2016 as compared to net profit of Rs.1014.90 million for the quarter ended March 31, 2015.
Neyveli Lignite Corporation Ltd: Neyveli Lignite Corporation posted a net profit of Rs. 4462.40 million for the quarter ended March 31, 2016 as compared to Rs. 6768.10 million for the quarter ended March 31, 2015.
Apollo Hospitals Enterprise: The pharma company has launched its first standalone fertility centre in Chennai with a promise to offer quality infertility treatment backed by world class infrastructure and a team of experienced clinicians.
Adani Transmission: The company informed that the board of directors has approved the company's fund raising plans of up to Rs.85 bn through a variety of instruments.
NIIT: NIIT has entered into two strategic agreements in China to develop a pool of next generation IT professionals in big data and analytics.
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