Check out the companies which will be in focus during trade today based on recent and latest news developments.
Cipla: Cipla Ltd, one of the largest pharmaceutical companies in India, will announce its financial results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs.3,554 crore, at a rate of 14.9% yoy and 14.4% qoq.
Infosys: The IT Company has bagged a five-year contract from Commerzbank, the second largest bank in Germany. The contract will renew Commerzbank's landscape and remodel its architecture, as per reports.
Tech Mahindra: Tech Mahindra, one of the largest IT firms in the country, will announce its financial results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.6,999 crore, growing at 4.4% yoy and 14.4% on qoq basis.
Tata Power:Tata Power Company Ltd posted a net profit aftex tax, minority interest and Share of profit of Associates of Rs. 3602.50 million for the Quarter ended March 31, 2016 as compared to Rs. 1591.40 million for the Quarter ended March 31, 2015.
Sterlite Tech: Sterlite Technologies Ltd announced the demerger effective from the appointed date of April 1, 2015 of its Power Business into Sterlite Power Transmission Ltd.
Suven Life Sciences: The company has been granted a patent each by Australia, Eurasia, Israel and the US for a drug used in treatment of neuro-degenerative diseases.
MEP Infrastructure: The company said its firm, a joint venture with Sanjose India Infrastructure & Construction, has won a highway project in Gujarat with a bid worth Rs. 624 crore.
Colgate: Colgate, one of the largest fast moving 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.1,110 crore, growing at 9.4% qoq and 7.9% yoy.
Emami Ltd: Emami has introduced a new variant of Navratna Oil. The product in the category named Navratna Almond Cool Oil is being positioned as a value-added ayurvedic oil.
Dish TV: DTH service provider Dish TV India reported nearly 14-fold jump in consolidated net profit at Rs. 482.77 crore for the March quarter on account of deferred tax expense of Rs. 402.90 crore.
TTK Prestige Ltd: The company net profit for fourth quarter of FY 2015-16 was higher by 121.51% at Rs. 21.62 crore compared with Rs. 9.76 crore during the same period last year.
Shanthi Gears: Shanthi Gears is planning to spend around Rs. 100 crore in the next four years for technology upgradation, expansion and sales promotion activities, as per media reports.
Torrent Pharmaceuticals: The company posted a 175% jump in net profit to Rs.357 crore for the March quarter.
Chennai Petroleum Corporation: The company on Monday reported a 27.14% decline in net profit at Rs.265.59 crore for the quarter ended March 31, 2016.
HSIL: The company reported its Q4 net profit stood at Rs. 38.1 crore.The total income was at Rs. 595.9 crore as against Rs. 558.9 crore (YoY).
Jubilant Life Sciences: Jubilant Life Sciences Ltd, one of the leading drug manufacturers in India, will announce its Q4 results today.IIFL estimates the company’s net profit to skyrocket to Rs. 116 crore, at a rate of 172.5% yoy; however, the same is likely to dip 0.4% qoq.
Novartis India Ltd: The company has announced that the Board will also consider a proposal for Buyback of the Company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws.
VRL Logistics: VRL Logistics, largest pan-India surface logistics and parcel delivery service provider, reported standalone net profit of Rs.13.21 crore for the quarter ended March 31, 2016, registering decline of 31.8% yoy and 46.59% qoq.
Welspun Corp: The company posted a net profit of Rs.230.50 million for the quarter ended March 31, 2016 compared with Rs.1437.70 million for the quarter ended March 31, 2015.
Jyothy Labs: Jyothy Laboratories, fastest growing consumer goods provider in India, reported consolidated net profit of Rs.35.61 crore for the quarter ended March 31, 2016, registering growth of 31.6% yoy, but decline of 8.67% qoq.
Axis Bank: Axis Bank, India’s third largest private bank, will raise at least $500 million through green bonds from the international market, according to the reports.
Aban Offshore: Aban Offshore is planning to raise around $400 mn through FCCBs, GDRs and another Rs. 2,500 crore through QIB (qualified institutional buyers).The Board of Directors has approved the plan to raise additional long-term resources through the issue of FCCBs, GDRs, ADRs, etc., not exceeding the amount equivalent to $400 million.The company’s consolidated revenue stood at Rs. 629.30 crore, down 36.52% yoy and 14.22% qoq
L&T: L&T Infotech, an arm of engineering giant Larsen and Toubro (L&T), has received capital markets regulator SEBI's approval for its proposed initial public offering.
Infosys: The IT Company has bagged a five-year contract from Commerzbank, the second largest bank in Germany. The contract will renew Commerzbank's landscape and remodel its architecture, as per reports.
Tech Mahindra: Tech Mahindra, one of the largest IT firms in the country, will announce its financial results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.6,999 crore, growing at 4.4% yoy and 14.4% on qoq basis.
Tata Power:Tata Power Company Ltd posted a net profit aftex tax, minority interest and Share of profit of Associates of Rs. 3602.50 million for the Quarter ended March 31, 2016 as compared to Rs. 1591.40 million for the Quarter ended March 31, 2015.
Sterlite Tech: Sterlite Technologies Ltd announced the demerger effective from the appointed date of April 1, 2015 of its Power Business into Sterlite Power Transmission Ltd.
Suven Life Sciences: The company has been granted a patent each by Australia, Eurasia, Israel and the US for a drug used in treatment of neuro-degenerative diseases.
MEP Infrastructure: The company said its firm, a joint venture with Sanjose India Infrastructure & Construction, has won a highway project in Gujarat with a bid worth Rs. 624 crore.
Colgate: Colgate, one of the largest fast moving 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.1,110 crore, growing at 9.4% qoq and 7.9% yoy.
Emami Ltd: Emami has introduced a new variant of Navratna Oil. The product in the category named Navratna Almond Cool Oil is being positioned as a value-added ayurvedic oil.
Dish TV: DTH service provider Dish TV India reported nearly 14-fold jump in consolidated net profit at Rs. 482.77 crore for the March quarter on account of deferred tax expense of Rs. 402.90 crore.
TTK Prestige Ltd: The company net profit for fourth quarter of FY 2015-16 was higher by 121.51% at Rs. 21.62 crore compared with Rs. 9.76 crore during the same period last year.
Shanthi Gears: Shanthi Gears is planning to spend around Rs. 100 crore in the next four years for technology upgradation, expansion and sales promotion activities, as per media reports.
Torrent Pharmaceuticals: The company posted a 175% jump in net profit to Rs.357 crore for the March quarter.
Chennai Petroleum Corporation: The company on Monday reported a 27.14% decline in net profit at Rs.265.59 crore for the quarter ended March 31, 2016.
HSIL: The company reported its Q4 net profit stood at Rs. 38.1 crore.The total income was at Rs. 595.9 crore as against Rs. 558.9 crore (YoY).
Jubilant Life Sciences: Jubilant Life Sciences Ltd, one of the leading drug manufacturers in India, will announce its Q4 results today.IIFL estimates the company’s net profit to skyrocket to Rs. 116 crore, at a rate of 172.5% yoy; however, the same is likely to dip 0.4% qoq.
Novartis India Ltd: The company has announced that the Board will also consider a proposal for Buyback of the Company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws.
VRL Logistics: VRL Logistics, largest pan-India surface logistics and parcel delivery service provider, reported standalone net profit of Rs.13.21 crore for the quarter ended March 31, 2016, registering decline of 31.8% yoy and 46.59% qoq.
Welspun Corp: The company posted a net profit of Rs.230.50 million for the quarter ended March 31, 2016 compared with Rs.1437.70 million for the quarter ended March 31, 2015.
Jyothy Labs: Jyothy Laboratories, fastest growing consumer goods provider in India, reported consolidated net profit of Rs.35.61 crore for the quarter ended March 31, 2016, registering growth of 31.6% yoy, but decline of 8.67% qoq.
Axis Bank: Axis Bank, India’s third largest private bank, will raise at least $500 million through green bonds from the international market, according to the reports.
Aban Offshore: Aban Offshore is planning to raise around $400 mn through FCCBs, GDRs and another Rs. 2,500 crore through QIB (qualified institutional buyers).The Board of Directors has approved the plan to raise additional long-term resources through the issue of FCCBs, GDRs, ADRs, etc., not exceeding the amount equivalent to $400 million.The company’s consolidated revenue stood at Rs. 629.30 crore, down 36.52% yoy and 14.22% qoq
L&T: L&T Infotech, an arm of engineering giant Larsen and Toubro (L&T), has received capital markets regulator SEBI's approval for its proposed initial public offering.
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