Friday 15 July 2016

Top 18 stocks in focus today: Reliance Industries, Infosys, TCS, HDFC

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

Stocks to watchInfosys: The IT company will announce its Q1 results today.

Reliance Industries Ltd: Reliance Industries Ltd will announce its Q1 result today.

TCS: The company registered a net profit of Rs.6,317 crore, up 9.9% yoy but down 0.4% qoq. The operating margin stood at 25.1% while operating profit was registered at Rs.7,347 crore.

HDFC: The company has raised Rs.3,000 crore through these rupee-denominated bonds that got over-subscribed by 4.3 times.

Wockhardt: Drug major Wockhardt Ltd has sought shareholders’ approval for raising up to Rs.1,200 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

DCB Bank: The bank posted net profit of Rs.47.01 crore for the first quarter ended June, which was marginally up from Rs.46.87 crore posted in the corresponding quarter of FY16.

PNC Infratech: PNC Infratech has been declared the L1 (lowest) bidder for the project of four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model for a bid project cost of Rs.881 crores.

Vimta Labs: The company said its net profit rises 114% from a year ago to Rs.2.71 crore in June quarter as compared to Rs.1.26 crore a year ago.

Rajesh Exports: The company has bagged Rs. 786 crore worth export order.

Titan Company Ltd: The company said that it would acquire around 62% of shares in online jewellery Carat Lane Trading Pvt Ltd, for a consideration of Rs.3.57 billion.

Can Fin Homes: The copany has reported a jump of 54.9% in the April-June quarter's net profit at Rs.49.72 crore.

SPML Infra: SPML Infra said its joint venture with Tata Projects has secured three new orders for design and construction of sewerage systems with provision of treated wastewater reuse from the Rajasthan government.

Vedanta: Vedanta Resources plc has repaid in full and redeemed the $514.8 million of outstanding amount on its 5.5% 2016 convertible bonds due on 13th July 2016.

Power Finance Corporation: The board of directors of the company has approved increase in the authorized share capital of the company from present Rs.2,000 crore divided into 200 Crores equity shares of Rs.10 each to Rs. 10,000 crores divided into 10,000 crore equity shares of Rs. 10 each and corresponding amendment in the capital clause of Memorandum of Association of the company.

Cyient:
 The consolidated net profit surged 12% to Rs.74 crore in Q1 FY17 as against Rs.66 crore.

Dishman Pharma:Dishman Pharmaceuticals and Chemicals' wholly owned subsidiary, namely Carbogen Amcis AG., Switzerland, has successfully completed inspection from United States Food and Drug Administration (USFDA) for its two sites located at Aarau and Neuland without any adverse observations and received the Establishment Inspection Report.

Granules Pharma: Granules Pharmaceuticals Inc (GPI), a wholly-owned arm of Granules India Ltd, will be acquiring 12.5% stake in the US-based USpharma.

Hero MotoCorp: Hero MotoCorp launched the new Splendor iSmart 110 – the first motorcycle to be developed completely in-house, with Hero’s own technology.

Spice Mobility: Spice Mobility Ltd has announced that Spice Digital Limited (SDL), a subsidiary of the Company, has acquired further 3.07% stake in Sunstone Learning.

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