Tuesday 2 August 2016

Top 14 stocks in focus: Lupin, Tech Mahindra, IndiGo

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

Stock Market
Lupin: Lupin has entered into a strategic asset purchase agreement with Shionogi & Co., Ltd.

Tech Mahindra: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs.7965.40 million for the quarter ended June 30, 2016 as compared to Rs.6224.40 million for the quarter ended June 30, 2015.

J. Kumar Infraprojects: The Reserve Bank of India notified that Foreign Institutional Investors (FIIs) / Registered Foreign Portfolios Investors now invest from existing 24 per cent up to 40 per cent of the paid up capital of J. Kumar Infraprojects Ltd. under the Portfolio Investment Scheme (PIS).

IndiGo: The airline company registered a 7.3% decline in their profits during the first quarter from Rs.638 crore during 2015 to Rs.591 crore

Tata Communications: The company has posted a net profit after taxes, minority interest & share profit of associates of Rs.417.8 million for the quarter ended June 30, 2016 as compared to Rs.433 million for the quarter ended June 30, 2015.

Tata Motors: Tata Motors passenger and commercial vehicle sales (including exports) in July 2016 were at 43,160 vehicles, a growth of 7%, over 40,154 vehicles sold in July 2015. nos., higher by 7% over last year.

Eicher: Eicher Motors subsidiary Royal Enfield on Monday reported a 31% rise in total motorcycle sales at 53,378 units in July. The company sold 40,760 units in the same month last year.

Wipro: Wipro arm Wipro Infrastructure Engineering (WIN) will acquire Israel-based H R Givon, supplier of metallic parts and assemblies to the aerospace industry, in an all-cash deal. WIN, however, did not disclose the size of the deal.

Maruti Suzuki India: The auto company increased prices of select models in the range of Rs.1,500 to Rs.20,000. Demand and foreign exchange movement determined the price hikes.

Power Finance Corp: The company will seek shareholders' approval for raising up to Rs.55,000 crore via issue of securities at the company's annual general meeting scheduled on August 19, 2016.

IL&FS Engineering and Construction Company Limited: The company has signed an agreement with the Ministry of Road Transport and Highways (MoRTH) for execution of a road project that involves rehabilitation and upgradation of the Birpur-Bihpur Section (from km. 0.0 to km 106) of NH-106 in Bihar.

Suven Life Sciences Ltd: The company has secured two patents, one each from Macau and New Zealand, corresponding to its New Chemical Entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases.

Larsen & Toubro: L&T said its construction arm has bagged orders worth Rs. 11.67 bn across business verticals.

NTPC Ltd: NTPC has commissioned a 50MW (1X50 MW) capacity solar photovoltaic power project of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuramu in Andhra Pradesh on July 29.

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