Check out the companies which will be in focus during trade today based on recent and latest news developments.
Crompton Greaves: Crompton Greaves de-merged entity Crompton Greaves Consumer Electrical, which deals in consumer products business, is going to list today.
Cairn India: Cairn India reportedly said it has extended by two years the repayment of a controversial $1.25 billion loan it had extended to its parent group firm.
Bank of Baroda: Bank of Baroda, will announce its fourth quarter result today. IIFL estimates the bank’s net profit to go up to Rs.625 crore at a rate of 4% yoy and decline of 119% qoq.
Glenmark Pharma: Glenmark Pharmaceuticals Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1714.86 mn for the Quarter ended March 31, 2016.
Bharti Airtel: Bharti Airtel said that it would implement a benchmark of 1.5 per cent for call drops voluntarily, against the 2 per cent allowed under the Telecom Regulatory Authority of India's (TRAI) prescribed regulations for quality of services.
Dr.Reddys Lab: Dr Reddys Laboratories Ltd, Hyderabad's multinational pharmaceutical company, reported standalone net loss of Rs.5.70 crore for the quarter ended March 31, 2016. However, it had reported net profit of Rs.571.42 crore in the corresponding quarter of the previous year and Rs. 236.80 crore in the preceding quarter.
Bank of Maharashtra: The bank posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans. Total income of the bank declined to Rs 3,566.68 crore in the January-March quarter, as against Rs 3,598.89 crore in the year-ago period.
Alok Industries: Lenders to troubled textile company Alok Industries Ltd are now looking to engage Operations and Management (O&M) agency to look after affairs of the company, reports a financial newspaper.
Havells India: Havells India is looking at growing the business both through organic and inorganic opportunities, Chairman and MD Anil Rai Gupta has been quoted as saying by a business daily.
Arvind: The company’s consolidated revenue stood at Rs. 2,319.56 crore, up 13.68% yoy and 7.51% qoq.
Reliance Power: The Government has declined Anil Ambani-led Reliance Power's request to let it mortgage coal blocks attached to Sasan Ultra Mega Power Project (UMPP) in Madhya Pradesh to lenders (including banks from the US, China and Singapore), reports a financial newspaper.
Nestle India: Nestle India reported standalone net profit of Rs.259 crore for the quarter ended March 31, 2014, registering decline of 19.13% yoy, but growth of 41.38% qoq.
Reliance Retail: Reliance Retail will rebrand its 1,500 small-format Reliance Digital Express and Digital Express Mini outlets as Reliance Jio in the ongoing build-up to the launch of its 4G services, reports a financial newspaper.
MRPL: The company’s standalone revenue stood at Rs. 9,292.91 crore, down 17.5% yoy but up 5.38% qoq.
TVS Srichakra: Madurai-based company two-wheeler and three-wheeler tyre maker TVS Srichakra plans a capex of Rs. 160 crore, reports a business daily. The capital will be used to expand its production capacity in view of favourable growth outlook in the domestic two-wheeler market, besides to boost exports, Director P. Vijayaraghavan told the daily.
Union Bank: Union Bank of India, one of the leading public sector banks in India, will announce its Q4 numbers today. IIFL estimates that the bank’s net profit is expected to plummet to Rs. 331 crore, at a rate of 25% yoy; however, the same is likely to increase 319% qoq.
Future Group: Online fashion retail business will not work in India because the model of spending so much money to acquire a customer is not appealing, Future Group founder Kishore Biyani has been quoted as saying by a business daily.
United Breweries: United Breweries Ltd, one of the leading distilleries in India, will announce its Q4 result today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is likely to soar to Rs. 1,217 crore, at a rate of 4.7% yoy and 5.1% qoq.
Firstsource Solutions: The company’s consolidated revenue stood at Rs. 873.03 crore, up 6.75% qoq and 15.78% yoy.
Vijaya Bank: Vijaya Bank on Thursday reported a 26.5% decline in net profit to Rs.71.3 crore for the quarter ended 31 March.
Cairn India: Cairn India reportedly said it has extended by two years the repayment of a controversial $1.25 billion loan it had extended to its parent group firm.
Bank of Baroda: Bank of Baroda, will announce its fourth quarter result today. IIFL estimates the bank’s net profit to go up to Rs.625 crore at a rate of 4% yoy and decline of 119% qoq.
Glenmark Pharma: Glenmark Pharmaceuticals Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1714.86 mn for the Quarter ended March 31, 2016.
Bharti Airtel: Bharti Airtel said that it would implement a benchmark of 1.5 per cent for call drops voluntarily, against the 2 per cent allowed under the Telecom Regulatory Authority of India's (TRAI) prescribed regulations for quality of services.
Dr.Reddys Lab: Dr Reddys Laboratories Ltd, Hyderabad's multinational pharmaceutical company, reported standalone net loss of Rs.5.70 crore for the quarter ended March 31, 2016. However, it had reported net profit of Rs.571.42 crore in the corresponding quarter of the previous year and Rs. 236.80 crore in the preceding quarter.
Bank of Maharashtra: The bank posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans. Total income of the bank declined to Rs 3,566.68 crore in the January-March quarter, as against Rs 3,598.89 crore in the year-ago period.
Alok Industries: Lenders to troubled textile company Alok Industries Ltd are now looking to engage Operations and Management (O&M) agency to look after affairs of the company, reports a financial newspaper.
Havells India: Havells India is looking at growing the business both through organic and inorganic opportunities, Chairman and MD Anil Rai Gupta has been quoted as saying by a business daily.
Arvind: The company’s consolidated revenue stood at Rs. 2,319.56 crore, up 13.68% yoy and 7.51% qoq.
Reliance Power: The Government has declined Anil Ambani-led Reliance Power's request to let it mortgage coal blocks attached to Sasan Ultra Mega Power Project (UMPP) in Madhya Pradesh to lenders (including banks from the US, China and Singapore), reports a financial newspaper.
Nestle India: Nestle India reported standalone net profit of Rs.259 crore for the quarter ended March 31, 2014, registering decline of 19.13% yoy, but growth of 41.38% qoq.
Reliance Retail: Reliance Retail will rebrand its 1,500 small-format Reliance Digital Express and Digital Express Mini outlets as Reliance Jio in the ongoing build-up to the launch of its 4G services, reports a financial newspaper.
MRPL: The company’s standalone revenue stood at Rs. 9,292.91 crore, down 17.5% yoy but up 5.38% qoq.
TVS Srichakra: Madurai-based company two-wheeler and three-wheeler tyre maker TVS Srichakra plans a capex of Rs. 160 crore, reports a business daily. The capital will be used to expand its production capacity in view of favourable growth outlook in the domestic two-wheeler market, besides to boost exports, Director P. Vijayaraghavan told the daily.
Union Bank: Union Bank of India, one of the leading public sector banks in India, will announce its Q4 numbers today. IIFL estimates that the bank’s net profit is expected to plummet to Rs. 331 crore, at a rate of 25% yoy; however, the same is likely to increase 319% qoq.
Future Group: Online fashion retail business will not work in India because the model of spending so much money to acquire a customer is not appealing, Future Group founder Kishore Biyani has been quoted as saying by a business daily.
United Breweries: United Breweries Ltd, one of the leading distilleries in India, will announce its Q4 result today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is likely to soar to Rs. 1,217 crore, at a rate of 4.7% yoy and 5.1% qoq.
Firstsource Solutions: The company’s consolidated revenue stood at Rs. 873.03 crore, up 6.75% qoq and 15.78% yoy.
Vijaya Bank: Vijaya Bank on Thursday reported a 26.5% decline in net profit to Rs.71.3 crore for the quarter ended 31 March.
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