Check out the companies which will be in focus during trade today based on recent and latest news developments.
ITC: The company will announce its Q1 numbers today.
Tata Steel: The company is planning to double the productivty of its workforce in its domestic operations in the next five years as it seeks to be more competitive, as per media report.
VRL Logistics: The company said they have cancelled plans to launch a regional airline, citing an adverse civil aviation policy.
Hindustan Zinc Ltd: The company has posted a net profit of Rs.1,036.86 crore for the quarter ended June 30, 2016 as compared to Rs.1,940.14 crore for the quarter ended June 30, 2015.
Cairn India: The company will announce its Q1 numbers today.
Axis Bank: The bank has slashed its minimum lending rate by 10 basis points to 9.35%, with effect from July 27.
DHFL: Dewan Housing Finance Corporation Ltd has informed BSE that post Annual General Meeting of the Company, the Board of Directors of the company has approved the issuance of Non-Convertible Secured/Unsecured Debentures, upto an amount of Rs.5,000 crore, Non-Convertible Subordinated Unsecured Debentures, upto an amount of Rs.1,000 crore, Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs.500 crore for the ensuing quarter and till the date of the next Board Meeting. The company reported standalone net profit of Rs. 201.40 crore for the quarter ended June 30, 2017, registering growth of 16.23% yoy and 6.19% qoq
Mahindra & Mahindra: The company launched a new mild hybrid version of its new generation Scorpio priced between Rs.9.74 lakh and Rs.14.01 lakh (ex-showroom Navi Mumbai).
Ambuja Cements: The cabinet committee approved Ambuja Cements planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units, ACC Ltd and Ambuja Cements Ltd.
Neyveli Lignite: The Cabinet Committee on Economic Affairs has given its approval for installation of Ghatampur Thermal Power Project (GTPC) of 1980 MW (3 X 660 MW) capacity through a Joint Venture Company named Neyveli Uttar Pradesh Power Limited.
HDFC Bank: The bank will announce its Q1 numbers today.
Shree Cement Ltd: The cement company signed an agreement with Jharkhand Government to set up three million tonne annual capacity cement grinding unit, at an investment of Rs.600 crore, as per media reports.
Central Bank of India: The bank has informed BSE that a meeting of the Capital Raising Committee of the Board of Directors of the Bank to consider and approve raising of additional equity capital upto Rs.1297 crore by issuance and allotment of equity shares of the face value of Rs.10/- each at such issue price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to President of India (Government of India) on preferential basis.
Infosys: The company's senior Vice President Vasudeva Nayak has resigned, according to reports.
Plastiblends India Ltd: The company reported its net profit at Rs.8.4 crore in the quarter ended June 2016 as against net profit of Rs.10.5 crore during the previous quarter ended June 2015.
Greenply Industries: Greenply Industries has incorporated a step-down wholly owned subsidiary company named Greenply Gabon SA in Gabon, West Africa. The company has incorporated the same on July 14, 2016, according to reports.
Sasken Communication Technologies: Sasken Communication Technologies Ltd reported its net profit at Rs.15.6 crore in the quarter ended June 2016 as against net profit of Rs.17.4 crore during the previous quarter ended June 2015.
UltraTech Cement: Aditya Birla Group-owned UltraTech is is expected to complete its acquisition of Jaiprakash Associates' cement plants within the next one year, group chairman Kumar Mangalam Birla said at the 16th annual general meeting of the company, according to reports. The company has announced that it has received shareholder nod to issue NCDs up to Rs 9,000 crore.
Wipro: Wipro Ltd has announced that it has received shareholder nod to appoint Abidali Neemuchwala as Executive Director. The IT company announced that GTAA has entered into a seven-year strategic IT and Business transformation partnership with Wipro.
Dabur: Dabur India Ltd announced its foray into the fizzy drinks market with the launch a range of fruit juice-based aerated drinks.
Piramal Enterprises: The board had approved issuance of Secured Redeemable Non-Convertible Debentures on private placement basis upto Rs. 1,000 crores in one or more tranches.
KEI Industries: KEI Industries reported its net profit to Rs.16.9 crore in the quarter ended June 2016 as against net profit of Rs.11.7 crore during the previous quarter ended June 2015.
United Bank of India: The Government of India (GoI) has decided to infuse funds to the tune of Rs 810 crore in United Bank of India by way of preferential allotment of equity in favour of the Bank, reports a leading financial newspaper.
Nucleus Software Exports: The company reported its net profit at Rs.10.8 crore for the quarter ended June 30, 2016 as compared to Rs.14.1 crore for the quarter ended June 30, 2015.
IFB Agro Industries: The total income has increased by 39.5% at Rs.213.4 crore as against Rs.153 crore (YoY).
Aurobindo Pharma: The company announced that the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).
KPIT Technologies: The company’s consolidated revenue stood at Rs. 803.23 crore, down 4.49% qoq but up 5.78% yoy.
Sun Pharma: The company announced that one of its subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic version of Crestor, Rosuvastatin Calcium tablets 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).
Glenmark Pharma: The company said in a notice to BSE that it has received ANDA approval for rosuvastatin calcium tablets by the USFDA.
Lupin: Pharma Major Lupin has launched its generic oral contraceptive Norgestimate and ethinyl estradiol tablets in the American market after receiving nod from the US health regulator.
Kitex Garments: The company’s standalone revenue stood at Rs. 119.30 crore, up 9.37% yoy but down 35.29% qoq.
SKF India: SKF India Ltd, auto technology, services and solutions provider, reported standalone net profit of Rs. 60.40 crore for the quarter ended June 30, 2017, registering growth of 29.75% yoy and 16.58% qoq.
Lakshmi Vilas Bank: Lakshmi Vilas Bank, Chennai-based private sector lender, reported standalone net profit of Rs. 606.85 crore for the quarter ended June 30, 2017, registering growth of 50.75% yoy and 23.67% qoq.
SBI: State Bank of India has signed a Memorandum of Understanding with Brookfield Asset Management Inc to collaborate on investments in stressed assets.
ITC: The company will announce its Q1 numbers today.Tata Steel: The company is planning to double the productivty of its workforce in its domestic operations in the next five years as it seeks to be more competitive, as per media report.
VRL Logistics: The company said they have cancelled plans to launch a regional airline, citing an adverse civil aviation policy.
Hindustan Zinc Ltd: The company has posted a net profit of Rs.1,036.86 crore for the quarter ended June 30, 2016 as compared to Rs.1,940.14 crore for the quarter ended June 30, 2015.
Cairn India: The company will announce its Q1 numbers today.
Axis Bank: The bank has slashed its minimum lending rate by 10 basis points to 9.35%, with effect from July 27.
DHFL: Dewan Housing Finance Corporation Ltd has informed BSE that post Annual General Meeting of the Company, the Board of Directors of the company has approved the issuance of Non-Convertible Secured/Unsecured Debentures, upto an amount of Rs.5,000 crore, Non-Convertible Subordinated Unsecured Debentures, upto an amount of Rs.1,000 crore, Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs.500 crore for the ensuing quarter and till the date of the next Board Meeting. The company reported standalone net profit of Rs. 201.40 crore for the quarter ended June 30, 2017, registering growth of 16.23% yoy and 6.19% qoq
Mahindra & Mahindra: The company launched a new mild hybrid version of its new generation Scorpio priced between Rs.9.74 lakh and Rs.14.01 lakh (ex-showroom Navi Mumbai).
Ambuja Cements: The cabinet committee approved Ambuja Cements planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units, ACC Ltd and Ambuja Cements Ltd.
Neyveli Lignite: The Cabinet Committee on Economic Affairs has given its approval for installation of Ghatampur Thermal Power Project (GTPC) of 1980 MW (3 X 660 MW) capacity through a Joint Venture Company named Neyveli Uttar Pradesh Power Limited.
HDFC Bank: The bank will announce its Q1 numbers today.
Shree Cement Ltd: The cement company signed an agreement with Jharkhand Government to set up three million tonne annual capacity cement grinding unit, at an investment of Rs.600 crore, as per media reports.
Central Bank of India: The bank has informed BSE that a meeting of the Capital Raising Committee of the Board of Directors of the Bank to consider and approve raising of additional equity capital upto Rs.1297 crore by issuance and allotment of equity shares of the face value of Rs.10/- each at such issue price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to President of India (Government of India) on preferential basis.
Infosys: The company's senior Vice President Vasudeva Nayak has resigned, according to reports.
Plastiblends India Ltd: The company reported its net profit at Rs.8.4 crore in the quarter ended June 2016 as against net profit of Rs.10.5 crore during the previous quarter ended June 2015.
Greenply Industries: Greenply Industries has incorporated a step-down wholly owned subsidiary company named Greenply Gabon SA in Gabon, West Africa. The company has incorporated the same on July 14, 2016, according to reports.
Sasken Communication Technologies: Sasken Communication Technologies Ltd reported its net profit at Rs.15.6 crore in the quarter ended June 2016 as against net profit of Rs.17.4 crore during the previous quarter ended June 2015.
UltraTech Cement: Aditya Birla Group-owned UltraTech is is expected to complete its acquisition of Jaiprakash Associates' cement plants within the next one year, group chairman Kumar Mangalam Birla said at the 16th annual general meeting of the company, according to reports. The company has announced that it has received shareholder nod to issue NCDs up to Rs 9,000 crore.
Wipro: Wipro Ltd has announced that it has received shareholder nod to appoint Abidali Neemuchwala as Executive Director. The IT company announced that GTAA has entered into a seven-year strategic IT and Business transformation partnership with Wipro.
Dabur: Dabur India Ltd announced its foray into the fizzy drinks market with the launch a range of fruit juice-based aerated drinks.
Piramal Enterprises: The board had approved issuance of Secured Redeemable Non-Convertible Debentures on private placement basis upto Rs. 1,000 crores in one or more tranches.
KEI Industries: KEI Industries reported its net profit to Rs.16.9 crore in the quarter ended June 2016 as against net profit of Rs.11.7 crore during the previous quarter ended June 2015.
United Bank of India: The Government of India (GoI) has decided to infuse funds to the tune of Rs 810 crore in United Bank of India by way of preferential allotment of equity in favour of the Bank, reports a leading financial newspaper.
Nucleus Software Exports: The company reported its net profit at Rs.10.8 crore for the quarter ended June 30, 2016 as compared to Rs.14.1 crore for the quarter ended June 30, 2015.
IFB Agro Industries: The total income has increased by 39.5% at Rs.213.4 crore as against Rs.153 crore (YoY).
Aurobindo Pharma: The company announced that the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).
KPIT Technologies: The company’s consolidated revenue stood at Rs. 803.23 crore, down 4.49% qoq but up 5.78% yoy.
Sun Pharma: The company announced that one of its subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic version of Crestor, Rosuvastatin Calcium tablets 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).
Glenmark Pharma: The company said in a notice to BSE that it has received ANDA approval for rosuvastatin calcium tablets by the USFDA.
Lupin: Pharma Major Lupin has launched its generic oral contraceptive Norgestimate and ethinyl estradiol tablets in the American market after receiving nod from the US health regulator.
Kitex Garments: The company’s standalone revenue stood at Rs. 119.30 crore, up 9.37% yoy but down 35.29% qoq.
SKF India: SKF India Ltd, auto technology, services and solutions provider, reported standalone net profit of Rs. 60.40 crore for the quarter ended June 30, 2017, registering growth of 29.75% yoy and 16.58% qoq.
Lakshmi Vilas Bank: Lakshmi Vilas Bank, Chennai-based private sector lender, reported standalone net profit of Rs. 606.85 crore for the quarter ended June 30, 2017, registering growth of 50.75% yoy and 23.67% qoq.
SBI: State Bank of India has signed a Memorandum of Understanding with Brookfield Asset Management Inc to collaborate on investments in stressed assets.
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