Tuesday 31 May 2016

Top 20 stocks in focus today: Sun Pharma,Tata Motors, Rolta India

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

Stock Market
Sun Pharmaceutical Industries:  The pharma company posted a net profit of Rs.17136.90 million for the quarter ended March 31, 2016 whereas the same was at Rs.8892.40 million for the quarter ended March 31, 2015.

Tata Motors: Tata Motors posted a net profit after taxes, minority interest and share of profit of associates of Rs.51770.60 million for the quarter ended March 31, 2016 as compared to Rs.17165 million for the quarter ended March 31, 2015.

Coal India: The company has announced a price hike of 6.29 percent, which may  fetch an additional Rs 3230 crore in sales in FY17. It also cut the price differential for the non-regulated sector to 20% from 35%above the regulated sector.

Bhushan Steel: The company posted a net loss of Rs.6704.7 million for the quarter ended March 31, 2016 as compared to Rs.3607.7 million for the quarter ended March 31, 2015.

Reliance Communications Ltd: RCom posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1770 million for the quarter ended March 31, 2016 as compared to Rs. 2280 million for the quarter ended March 31, 2015.

Maruti Suzuki: Maruti Suzuki has temporarily suspended manufacture of cars at Manesar and Gurgaon starting second half of May 30. The leading automobile player said that the suspension is due to non-availability of components due to fire at Subros.

Bank of India: S&P Global Ratings said that it had lowered its long-term issuer credit rating on India-based Bank of India (BOI) to 'BB+' from 'BBB-'. The outlook is stable.

Patel Integrated Logistics: The logistic company has partnered Saudi Arabia’s Nationwide Group to set up a joint venture to tap the emerging opportunities in the region ahead of the forthcoming Fifa World Cup and the Dubai World Expo.

Aurobindo Pharma: The pharma company posted a net profit after taxes and minority interest of Rs.5628.50 million for the quarter ended March 31, 2016 whereas the same was at Rs.4038 million for the quarter ended March 31, 2015.

Hindustan Copper Ltd: Hindustan Copper posted a net profit of Rs.162.90 million for the quarter ended March 31, 2016.

Monsanto India Ltd: The company posted a net profit of Rs.240.80 million for the quarter ended March 31, 2016 as compared to net loss of Rs. 82.50 million for the quarter ended March 31, 2015.

Steel Authority of India Ltd: SAIL posted a net loss of Rs.12,309 million for the quarter ended March 31, 2016 as compared to net profit of Rs. 3,342 million for the quarter ended March 31, 2015.

Prestige Estates Projects Ltd: Prestige Estates posted a net profit of Rs. 581.40 million for the quarter ended March 31, 2016.

Den Networks Ltd: Den Networks posted a net loss after taxes, minority interest and share of loss of associates of Rs.854.40 million for the quarter ended March 31, 2016 as compared to net loss of Rs.620.80 million for the quarter ended March 31, 2015.

Rolta India: Standard & Poor’s lowered its long-term corporate credit rating on Rolta India Ltd to’CCC-’ from ‘B+’ for missing on interest payment on unsecured notes. The company reportedprofit after tax for Q4 FY-16 at Rs.59.21cr against Rs. 46.87 cr in Q3 FY-16,registering a Q-o-Q growth of 26.3%.

Dhanlaxmi Bank: The bank reported net loss decreased to Rs.131.6 crore in the last quarter of 2015-16 ended March 31, 2016 against that of Rs.266.61 crore in the same period a year ago.

DCM Shriram Industries: DCM Shriram Industries reported a net profit of Rs.23.98 crore for the fiscal fourth quarter that ended on March 31.

Blue Star: Blue Star has reported a standalone net profit of Rs.71.72 crore for the fiscal fourth quarter that ended on March 31, 2016.

Bata India: Bata India reported a 52.31% decline in net profit at Rs.27.86 crore for the fourth quarter ended March.

Amtek Auto: Amtek Auto reported a net loss of Rs.528.69 crore for the quarter ended March 31, 2016.

Unitech Ltd: Unitech posted a net loss after taxes, minority interest and share of loss of associates of Rs.5394.6 million for the quarter ended March 31, 2016 as compared to net loss of Rs.1625.4 million for the quarter ended March 31, 2015.

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