Monday 1 August 2016

Top 14 stocks in focus: Larsen & Toubro, ICICI Bank, Nestle India

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

Stock Market
ICICI Bank: The Bank has posted a net profit of Rs. 22323.50 million for the quarter ended June 30, 2016 as compared to Rs. 29761.60 million for the quarter ended June 30, 2015.

Larsen & Toubro: The company has posted a net profit after tax, non-controlling interest and share of profit/(loss) of joint ventures / associates of Rs.6096 million for the quarter ended June 30, 2016 as compared to Rs.4189.40 million for the quarter ended June 30, 2015.

Nestle India: The company has posted a net profit of Rs.2308.40 million for the quarter ended June 30, 2016 where as the same was at net loss of Rs.644 million for the quarter ended June 30, 2015.

BHEL:BHEL bagged prestigious orders for setting up 80 MW of Solar Photovoltaic (SPV) Power Plants on Engineering, Procurement and Construction (EPC) basis.

OMC Stocks in focus: The government on Sunday reduced the petrol price by Rs.1.42 a litre and that of diesel by Rs.2.01 per litre.

Tech Mahindra: The IT Company will announce its Q1 numbers today.

KEC International: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.309.10 million for the quarter ended June 30, 2016 as compared to Rs.168.90 million for the quarter ended June 30, 2015.

Tata Comm: The company will announce its Q1 numbers today.

Tata Power: Tata Power South African joint venture Cennergi has achieved commercial operations for its 134MW wind farm project.

Eicher Motors: The company is all set to invest Rs6bn this fiscal in a new plant, product development and in the R&D centre. The company also said production capacity will touch 0.9mn units by fiscal 2018 end.

Ajanta Pharma: The company has received approval from the US health regulator for generic Omeprazole and sodium bicarbonate powder for oral suspension used for the treatment of stomach and esophagus problems such as ulcers and acid reflux.

BOI: Bank of India will issue shares on a preferential basis to the government for capital infusion of Rs. 13.38 bn.

Neyveli Lignite Corporation Ltd: The company has initiated plans to set up 4000MW of solar power projects in line with Centre's National Solar Mission.

Bharat Petroleum Corporation: BPCL has invested Rs.2.51 bn in Fino PayTech to pick up 21% stake through an all cash deal. With this deal, Fino which had been awarded the Payments Bank licence is within striking distance of reducing its foreign shareholding to less than 50% as mandated by the Reserve Bank of India.

IRB Infrastructure Developers: The compan has emerged as a preferred bidder for the project of six laning from Udaipur to Rajasthan / Gujarat border on NH-8 in the states of Rajasthan and Gujarat on DBFOT under NHDP Phase V.

Rane (Madras) Ltd: The company has received a Letter of Intent from Nexteer Automotive Poland Sp.z o.o. for manufacture and supply of steering gears for Passenger Vehicles. 

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