Check out the companies which will be in focus during trade today based on recent and latest news developments.
Larsen & Toubro: Larsen & Toubro reported consolidated net profit of Rs.2,453.64 crore for the quarter ended March 31, 2016, registering growth of 18.55% yoy and 137.11% qoq.
ONGC: Oil & Natural Gas Corporation (ONGC) one of the largest oil & gas companies in India, will announce its Q4 results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tumble to Rs. 15,591 crore, at a rate of 28% yoy and 15.7% qoq.
NALCO: The company has decided to buyback 644.3 million shares or 25% of the paid-up capital from public shareholders. The company has fixed the buyback price at Rs.44 per share and now awaits the approval from public shareholders who hold 19.07% stake in the company.
Union Bank of India: Union Bank of India, one of the leading public sector banks in India, will announce its financial results today. IIFL estimates the bank’s net profit to decline to Rs. 331 crore, at a rate of 25% yoy; however, the same is likely to skyrocket by 319% qoq.
Yes Bank: The Cabinet Committee on Economic Affairs granted ex-post facto approval to the proposal of Yes Bank for increase in the foreign investment limit to 74% from the existing foreign equity of 41.87% without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.
GAIL (India): The company’s standalone revenue stood at Rs. 11,732.36 crore, down 17.79% yoy and 12.78% qoq.
RIL: Reliance Industries Ltd and BP Plc are planning to end their disputes with the Indian government over an offshore natural gas block, according to reports.
Godrej Industries: The company has posted a net profit of Rs.317.30 million for the quarter ended March 31, 2016 as compared to Rs.439 million for the quarter ended March 31, 2015.
Tata Steel: Tata Steel stated that the sale process of its UK assets is ongoing, with some bidders continue their due diligence. The company has not given any timeline when sale process will be completed. On consolidated basis, the company reported a quarterly loss of Rs. 3,279 crore, which was Rs. 2,180 crore yoy.
MEP Infra: The company’s EBITDA margin improved from 23.70% in FY15 to 29.70% in FY16.
Tata Consultancy Services: The IT company has announced that as a strategic partner of GE Healthcare and GE Digital, it will develop innovative digital solutions on the GE Health Cloud to deliver benefits to its customers across the healthcare industry.
Shree Cement: Shree Cement, one of the leading cement manufacturers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to jump to Rs.1,932 crore, at a rate of 22.5% yoy and 5.5% qoq.
Shipping Corporation: Shipping Corporation of India, one of the leading shipping companies in India, will announce its financial results today. IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.
Sterlite Technologies: Sterlite Technologies, a leading infrastructure and realty firm 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.1,268 crore, growing at 29.5% yoy and 11.8% qoq.
Mphasis: Mphasis, one of the leading IT firms in the country, will announce its financial results for the fourth quarter results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,456 crore, growing at 1.9% yoy while a drop of 4% on qoq basis.
Tata Motors: Tata Motors Ltd has informed BSE that it has approved issuance of privately placed 3,000 Rated, Listed, Unsecured, 8.40% Coupon Redeemable, Non-Convertible Debentures (“NCDs”) of face value Rs. 10,00,000/- each, at par, aggregating upto Rs. 300 crores.
Jubilant Life: The company has received approval from the US health regulator for its 0.9% Sodium Chloride injection, used for diluting or dissolving drugs, in the American market.
Aditya Birla Fashion and Retail: The company reported a net loss of Rs.109.82 crore on standalone basis for the January-March quarter of 2015-16 against a loss of Rs.63.78 crore in the same period last year. The company will be entering into a binding MoU with global clothing brand Forever 21 to acquire its online and offline rights for the Indian market.
KPTL: Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power & infrastructure contracting sector, has secured new orders/notification of approx. Rs.809 crores.
Larsen & Toubro: Larsen & Toubro reported consolidated net profit of Rs.2,453.64 crore for the quarter ended March 31, 2016, registering growth of 18.55% yoy and 137.11% qoq.ONGC: Oil & Natural Gas Corporation (ONGC) one of the largest oil & gas companies in India, will announce its Q4 results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tumble to Rs. 15,591 crore, at a rate of 28% yoy and 15.7% qoq.
NALCO: The company has decided to buyback 644.3 million shares or 25% of the paid-up capital from public shareholders. The company has fixed the buyback price at Rs.44 per share and now awaits the approval from public shareholders who hold 19.07% stake in the company.
Union Bank of India: Union Bank of India, one of the leading public sector banks in India, will announce its financial results today. IIFL estimates the bank’s net profit to decline to Rs. 331 crore, at a rate of 25% yoy; however, the same is likely to skyrocket by 319% qoq.
Yes Bank: The Cabinet Committee on Economic Affairs granted ex-post facto approval to the proposal of Yes Bank for increase in the foreign investment limit to 74% from the existing foreign equity of 41.87% without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.
GAIL (India): The company’s standalone revenue stood at Rs. 11,732.36 crore, down 17.79% yoy and 12.78% qoq.
RIL: Reliance Industries Ltd and BP Plc are planning to end their disputes with the Indian government over an offshore natural gas block, according to reports.
Godrej Industries: The company has posted a net profit of Rs.317.30 million for the quarter ended March 31, 2016 as compared to Rs.439 million for the quarter ended March 31, 2015.
Tata Steel: Tata Steel stated that the sale process of its UK assets is ongoing, with some bidders continue their due diligence. The company has not given any timeline when sale process will be completed. On consolidated basis, the company reported a quarterly loss of Rs. 3,279 crore, which was Rs. 2,180 crore yoy.
MEP Infra: The company’s EBITDA margin improved from 23.70% in FY15 to 29.70% in FY16.
Tata Consultancy Services: The IT company has announced that as a strategic partner of GE Healthcare and GE Digital, it will develop innovative digital solutions on the GE Health Cloud to deliver benefits to its customers across the healthcare industry.
Shree Cement: Shree Cement, one of the leading cement manufacturers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to jump to Rs.1,932 crore, at a rate of 22.5% yoy and 5.5% qoq.
Shipping Corporation: Shipping Corporation of India, one of the leading shipping companies in India, will announce its financial results today. IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.
Sterlite Technologies: Sterlite Technologies, a leading infrastructure and realty firm 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.1,268 crore, growing at 29.5% yoy and 11.8% qoq.
Mphasis: Mphasis, one of the leading IT firms in the country, will announce its financial results for the fourth quarter results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,456 crore, growing at 1.9% yoy while a drop of 4% on qoq basis.
Tata Motors: Tata Motors Ltd has informed BSE that it has approved issuance of privately placed 3,000 Rated, Listed, Unsecured, 8.40% Coupon Redeemable, Non-Convertible Debentures (“NCDs”) of face value Rs. 10,00,000/- each, at par, aggregating upto Rs. 300 crores.
Jubilant Life: The company has received approval from the US health regulator for its 0.9% Sodium Chloride injection, used for diluting or dissolving drugs, in the American market.
Aditya Birla Fashion and Retail: The company reported a net loss of Rs.109.82 crore on standalone basis for the January-March quarter of 2015-16 against a loss of Rs.63.78 crore in the same period last year. The company will be entering into a binding MoU with global clothing brand Forever 21 to acquire its online and offline rights for the Indian market.
KPTL: Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power & infrastructure contracting sector, has secured new orders/notification of approx. Rs.809 crores.
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