Wednesday 11 May 2016

Top 16 stocks in focus today: Tata Motors, Asian Paints, Yes Bank

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Stocks to watch
Tata Motors: Tata Motors Group global wholesales in April 2016, including Jaguar Land Rover, were at 81,333 nos., higher by 5%, over April 2015.

Asian Paints: Asian Paints will announce its Q4 numbers today. IIFL estimates the company’s net profit to surge to Rs.500 crore at 46.6% yoy and 7.9% qoq.  

Apollo Tyres: The company will announce its Q4  results today. IIFL estimates the company’s net profit to fall to Rs.299 crore at 2.6% yoy, but increase 7.2% qoq.

SKF India: SKF India, auto technology, services and solutions provider, reported standalone net profit of Rs.51.18 crore for the quarter ended March 31, 2016, registering decline of 0.12% yoy and 11.97% qoq.

Telecom stocks: Telecom stocks will be in focus as the Supreme Court to pronounce verdict on the important call-drop penalty today at 11 am.

EID Parry: The company has posted a 39.8% decline in its consolidated net profit at Rs.39.74 crore for the March quarter. 

Radico Khaitan: The company’s standalone revenue stood at Rs. 377.64 crore, up 9.97% yoy but down 5.8% qoq.

YES Bank: Yes Bank has announced that it is seeking shareholder nod to raise up to Rs. 10,000 crore.

Ruchi Soya Industries: The Rs. 26,000-crore Ruchi Soya Industries Ltd. has decided to extend its second brand 'Mahakosh' to soya meals, reports a business daily. Mahakosh will target the mass segment, says the paper.

Mangalore Refinery & Petrochemicals Ltd: Mangalore Refinery & Petrochemicals Ltd (MRPL) is sourcing petrol blend from Paradip refinery of Indian Oil Corporation (IOC) to make up for the shortfall of petrol in Karnataka following the shutdown of its phase-III units, reports a business daily.

JSW Steel
: JSW Steel stated that as part of company's growth strategy, the company evaluates several opportunities ​​including the current opportunity of UK steel facilities. It is premature to add any further at this stage​.​

Zee Entertainment: Zee Entertainment Enterprises, India's top entertainment company, reported consolidated net profit of Rs.260.61 crore for the quarter ended March 31, 2016, registering growth of 12.93% yoy, but decline of 5.23% qoq. 

NTPC: NTPC Ltd has announced that consequent upon testing and commissioning, 200 MW capacity (4X50 MW) of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuram is declared on commercial operation w.e.f. 00:00 Hrs of May 09, 2016.

SML ISUZU: The company’s standalone revenue stood at Rs. 318.07 crore, down 1.08% yoy but up 63.81% qoq.

Prism Cement: The company has entered into a Supply Agreement with ECO Cements Limited (‘ECL’), Kolkata in terms of which ECL will manufacture and supply cement to the Company as per the Company’s quality and other specifications.

Century Plyboards (India): Century Plyboards (India), plywood and veneer manufacturers, reported standalone net profit of Rs.40.52 crore for the quarter ended March 31, 2016, registering decline of 15.54% yoy and 2.59% qoq.

Infrastructure Leasing & Financial Services Ltd: The company is seeking to raise as much as US$900 million from listing trusts comprising road & power assets later this year, reports a business daily.

Kaveri Seed Company: Kaveri Seed Company, country's leading seed producer, reported consolidated net loss of Rs.7.45 crore for the quarter ended March 31, 2016. However, it had reported net profit of Rs.1.25 crore in the corresponding quarter of the previous year and Rs. 9.23 crore in the preceding quarter.

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