ITC announces bonus issue of 1:2 after results; scrip gains 3.5% on the counter

The company posted a net profit of Rs.24952 million for the quarter ended March 31, 2016 compared with Rs.23611.80 million for the quarter ended March 31, 2015.

Audited Standalone results for the quarter ended March 31, 2016

The company posted a net profit of Rs.24952 million for the quarter ended March 31, 2016 compared with Rs.23611.80 million for the quarter ended March 31, 2015. Total income increased from Rs.96631.50 million for the quarter ended March 31, 2015 to Rs.105803.30 million for the quarter ended March 31, 2016.

Audited Standalone results for the Year ended March 31, 2016

The company posted a net profit of Rs.98447.10 million for the year ended March 31, 2016 compared with Rs.96077.30 million for the year ended March 31, 2015. Total income increased from Rs.380505.30 million for the year ended March 31, 2015 to Rs.386411.30 million for the year ended March 31, 2016.

Consolidated Results are as follows:

Audited Consolidated results for the Year ended March 31, 2016

The Group has posted a net profit after taxes, minority interest and share of profit/(loss) of associates of Rs.99116.10 million for the year ended March 31, 2016 as compared to Rs.96631.70 million for the year ended March 31, 2015. Total income increased from Rs.400913.20 million for the year ended March 31, 2015 to Rs.409757.50 million for the year ended March 31, 2016.

ITC Ltd is currently trading at Rs. 327.15, up by Rs. 2.25 or 0.69% from its previous closing of Rs. 324.9 on the BSE.

Stock Commentary:

ITC Ltd is currently trading at Rs. 336.8, up by Rs. 11.9 or 3.66% from its previous closing of Rs. 324.9 on the BSE.

The scrip opened at Rs. 326.8 and has touched a high and low of Rs. 337.85 and Rs. 325 respectively. So far 11041925(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 261453.76 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 359.75 on 26-Oct-2015 and a 52 week low of Rs. 268 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 334.2 and Rs. 315.3 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.62 % and 44.16 % respectively.

The stock is currently trading above its 50 DMA.

ITC Q4 PAT at Rs.2,495 crore, up 5.7%

The company posted a net profit of Rs.24952 million for the quarter ended March 31, 2016 compared with Rs.23611.80 million for the quarter ended March 31, 2015.

Audited Standalone results for the quarter ended March 31, 2016

The company posted a net profit of Rs.24952 million for the quarter ended March 31, 2016 compared with Rs.23611.80 million for the quarter ended March 31, 2015. Total income increased from Rs.96631.50 million for the quarter ended March 31, 2015 to Rs.105803.30 million for the quarter ended March 31, 2016.

Audited Standalone results for the Year ended March 31, 2016

The company posted a net profit of Rs.98447.10 million for the year ended March 31, 2016 compared with Rs.96077.30 million for the year ended March 31, 2015. Total income increased from Rs.380505.30 million for the year ended March 31, 2015 to Rs.386411.30 million for the year ended March 31, 2016.

Consolidated Results are as follows:

Audited Consolidated results for the Year ended March 31, 2016

The Group has posted a net profit after taxes, minority interest and share of profit/(loss) of associates of Rs.99116.10 million for the year ended March 31, 2016 as compared to Rs.96631.70 million for the year ended March 31, 2015. Total income increased from Rs.400913.20 million for the year ended March 31, 2015 to Rs.409757.50 million for the year ended March 31, 2016.

ITC Ltd is currently trading at Rs. 327.15, up by Rs. 2.25 or 0.69% from its previous closing of Rs. 324.9 on the BSE.

The scrip opened at Rs. 326.8 and has touched a high and low of Rs. 331.9 and Rs. 325 respectively. So far 7333664(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 261453.76 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 359.75 on 26-Oct-2015 and a 52 week low of Rs. 268 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 334.2 and Rs. 315.3 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.62 % and 44.16 % respectively.

The stock is currently trading above its 50 DMA.

Federal Bank gets RBI approval to operate under Bharat Bill Payment System

The RBI nod to Federal Bank to join the Bharat Bill Payment Service means that the customers can pay their bill anytime from anywhere.

Federal Bank has been granted approval by Reserve Bank of India to operate under the Bharat Bill Payment System (BBPS), the standardized billing platform conceived by the National Payments Corporation of India (NPCI). BBPS is an integrated system that brings all bill generators in one platform thus offering interoperable service to customers to make payment for a variety of bills through multiple modes. The RBI nod to Federal Bank to join the Bharat Bill Payment Service means that the customers can pay their bill anytime from anywhere. They can register their bill and pay the bill using mobile banking, internet banking, Kiosk, ATM etc. In addition to these, automated bill payment facility will be available for the customers. Customers also have the option to register, view and pay their bills using credit card, debit card, IMPS, NEFT etc. The facility will be extended to school fee, university fee, municipality taxes, mutual funds, insurance premiums in future.

BBPS is beneficial to the service providers/bill generators of utility services such as electricity, water, gas, telephones etc on two counts. Firstly, they are not required to maintain bill collection centres themselves, and secondly, they will get the payments instantly.

Sharing this information with the media, Babu K A, Head - Digital Banking said, “Federal Bank is one among the first batch of Banks cleared by RBI to operate under BBPS. This shows the capability of the Bank to offer value added services to our customers on the digital space, particularly for bill payments. We will be able to offer this service to the customers in 2 months from now. This service will be in addition to our mobile banking services such as FedMobile, our banking app and Scan N pay, our QR code based payment app. BBPS will add depth to our digital offers and enrich our customers with varied options and conveniences.”

Alkyl Amines Q4 net profit at Rs.15.4 crore; board approves amalgamation of Alkyl Speciality Chemicals

EBITDA margins came in at 22.5% as against 18.2% yoy. Net profit of the company stood at Rs.15.4 crore.

Alkyl Amines Q4 net profit stood at Rs.15.4 crore.

EBITDA margins came in at 22.5% as against 18.2% (yoy).

Alkyl Amines Chemicals Ltd is currently trading at Rs. 324.9, up by Rs. 12.7 or 4.07% from its previous closing of Rs. 312.2 on the BSE.

The scrip opened at Rs. 320 and has touched a high and low of Rs. 324.9 and Rs. 320 respectively. So far 1590(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 636.78 crore.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 394 on 18-Dec-2015 and a 52 week low of Rs. 250 on 15-Jun-2015. Last one week high and low of the scrip stood at Rs. 326.5 and Rs. 306.1 respectively.

The promoters holding in the company stood at 74.19 % while Institutions and Non-Institutions held 0.82 % and 24.99 % respectively.

The stock is currently trading above its 100 DMA.

Tata Motors plans to raise Rs.300 cr via NCD

The company is planning of issuing the second series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 300 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on May 25, 2016.

Tata Motors Ltd has informed BSE that the company is planning of issuing the second series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 300 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on May 25, 2016. The above issuance is pursuant to the approval of the Shareholders passed vide Special Resolution at the 70th Annual General Meeting of the Company held on August 13, 2015 and the Board of Directors resolution passed at its meeting held on March 30, 2016.

Tata Motors Ltd is currently trading at Rs. 390.15, up by Rs. 2.45 or 0.63% from its previous closing of Rs. 387.7 on the BSE.

The scrip opened at Rs. 386.25 and has touched a high and low of Rs. 392.5 and Rs. 386 respectively. So far 3958156(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 125449.65 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 516.9 on 22-May-2015 and a 52 week low of Rs. 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 396.75 and Rs. 381.8 respectively.

The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.3 % and 25.69 % respectively.

The stock is currently trading above its 50 DMA.

Lupin plunges 7% after Q4 results

Lupin posted a net profit after taxes and minority interest of Rs.8070.80 mn for the quarter ended March 31, 2016 whereas the same was at Rs.5470.10 mn for the quarter ended March 31, 2015.

Lupin Ltd was lower by 7% at Rs.1544. Lupin posted a net profit after taxes and minority interest of Rs.8070.80 mn for the quarter ended March 31, 2016 whereas the same was at Rs.5470.10 mn for the quarter ended March 31, 2015. 

Total income came in at Rs.42065.90 mn for the quarter ended March 31, 2016 whereas the same stood at Rs.30953.50 mn for the quarter ended March 31, 2015.

The scrip opened at Rs. 1620 and has touched a high and low of Rs. 1627.5 and Rs. 1525.35 respectively. So far 2609249(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 74626.38 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2127 on 06-Oct-2015 and a 52 week low of Rs. 1294.05 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs. 1688 and Rs. 1572.6 respectively.

The promoters holding in the company stood at 46.52 % while Institutions and Non-Institutions held 42.27 % and 11.22 % respectively.

The stock is currently trading below its 200 DMA.

ICRA Q4 net profit at Rs.193.443 mn

Total income increased from Rs.964.822 million for the quarter ended March 31, 2015 to Rs.969.273 million for the quarter ended March 31, 2016.

ICRA Ltd posted a net profit after taxes and minority interest of Rs.193.443 mn for the quarter ended March 31, 2016 compared with Rs.230.150 million for the quarter ended March 31, 2015. Total income increased from Rs.964.822 million for the quarter ended March 31, 2015 to Rs.969.273 million for the quarter ended March 31, 2016.

The company posted a net profit after taxes and minority interest of Rs.762.435 million for the year ended March 31, 2016 compared with Rs.654.489 mn for the year ended March 31, 2015. Total income increased from Rs.3481.465 million for the year ended March 31, 2015 to Rs.3682.327 mn for the year ended March 31, 2016.

The scrip opened at Rs.4372.8 and has touched a high and low of Rs.4375 and Rs.4300 respectively. So far 61(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4375.15 crore.

The BSE group 'A' stock of face value Rs.10 has touched a 52 week high of Rs.4561.1 on 29-Dec-2015 and a 52 week low of Rs.3235 on 09-Feb-2016. Last one week high and low of the scrip stood at Rs.4510 and Rs.4200 respectively.

The promoters holding in the company stood at 50.06 % while Institutions and Non-Institutions held 35.91 % and 12.4 % respectively.

The stock is currently trading above its 200 DMA.

Rupee opens at 67.43/$, down 7 paise

The local unit had hit a high of 67.42 and a low of 67.53. The rupee remained under immense pressure, with values plummeting towards 67.60 in the offshore NDF markets.

The Indian rupee opened lower by 7 paise at 67.43/$ against US Dollar on Friday as against the previous close of 67.36/$. The rupee remained under immense pressure, with values plummeting towards 67.60 in the offshore NDF markets. Euro moved below 1.12, Yen tumbled to 110, while Yuan collapsing till 6.55 levels. The sharp retracement in the currency markets can be attributed to the minutes of US FOMC meeting in April, which has reinforced the perception of a rate hike in June. The minutes revealed that most of the Federal Reserve members concur on the possibility of a rate hike next month, provided that economic data maintains the positive momentum.

On the global front, Sterling bucked the trend amid the weakness in various currencies, underpinned by unexpected rise in British consumer spending. In this respect, April retail sales grew 1.3% on mom basis, more than double the expectations of a 0.6% rise. British Pound is also deriving cues from the shift in sentiment towards the ‘remain’ vote for the June 23rd referendum. Brexit seems unlikely; given that majority of Britons acknowledge the economic repercussions associated with it. Sanity has to prevail, as Britain cannot afford slowdown in trade and investments.

On Thursday, the Indian currency ended lower by 39 paise at 67.36/$. The local unit had hit a high of 67.42 and a low of 67.53. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.91 and for Euro stood at 75.45. The RBI’s reference rate for the Yen stood at 61.01; reference rate for the Great Britain Pound (GBP) stood at 98.0493.

ITC in focus ahead of Q4 results

ITC in focus ahead of Q4 results

Cigarette major ITC is scheduled to announce its Q4 March 2016 results today, 20 May 2016.

Wipro announced that Designit, a global strategic design firm and part of the company announced the opening of its US headquarters in the heart of New York's Union Square. The new office will serve as a global center for Designit's product-service innovation and experience-driven design services. Wipro also announced that it has joined the partnership for New York City to mark Designit's entry into the city and commitment to growing New York as a center of innovation, particularly in design and technology. The announcement was made after market hours yesterday, 19 May 2016.

Maruti Suzuki India (MSIL) announced that it will undertake a service campaign to inspect fault and replace a brake part in 20,427 units of S-Cross. These vehicles were manufactured between 20 April 2015 and 12 February 2016. This service campaign applies to both the variants of S-Cross, MSIL said. The inspection and replacement will be done free of cost for the customers, it added. The announcement was made after market hours yesterday, 19 May 2016.

Esab India reported a net profit of Rs 9.37 crore in the quarter ended 31 March 2016 compared with net loss of Rs 1.38 crore in the quarter ended 31 March 2015. Net total income from operations rose 7.56% to Rs 114.65 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 19 May 2016.

Gujarat State Petronet's net profit rose 48.6% to Rs 99.70 crore on 2.1% decline in total income to Rs 244.98 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 19 May 2016.

GHCL's net profit rose 54.49% to Rs 78.96 crore on 1.45% rise in net total income from operations to Rs 650.40 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Vaibhav Global's consolidated net profit fell 50% to Rs 8.78 crore on 1.77% decline in net total income from operations to Rs 350.50 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Ajmera Realty & Infra India's consolidated net profit rose 35.03% to Rs 21.97 crore on 15.23% rise in net total income from operations to Rs 169.23 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Mahindra Lifespace Developers announced that it has launched on 19 May 2016 Phase 3 of its residential project 'Anthenia' in Pimpri, Pune. The announcement was made after market hours yesterday, 19 May 2016.

WABCO India's net profit rose 88.44% to Rs 57.28 crore on 47.84% rise in net total income from operations to Rs 566.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Top 15 stocks in focus today: Maruti Suzuki, ITC, Spicejet

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

Maruti Suzuki: Maruti Suzuki said that it will inspect suspected fault in 20,427 S-Cross vehicle, as per reports. The automobile firm will suspect fault and replace brake part in 20,427 units of S-Cross.

ITC Ltd: ITC will be setting up eight new integrated food processing units by 2019, with investments of over INR 4,000 crore, reports a business daily. The company will announce its Q4 results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.10,540 crore, growing at 14.9% qoq and 13.4% yoy.

Indian Hotels: Indian Hotels is committed to returning to profitability by the end of FY17, CEO Rakesh Sarna has been quoted as saying.

Castrol India: UK's BP has trimmed its stake in Castrol India after it sold 11.5% stake in the lubricant firm for about Rs.2,075 crore.

Brigade Enterprises: The company is set to launch large commercial real estate projects spread over six million square feet during the fiscal year 2016-17, reports a financial newspaper.

Britannia: Britannia, one of the leading fast moving consumer goods companies in the country, will announce its Q4 results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.2,340 crore, growing at 4.4% qoq and 13.4% yoy.

Spicejet: SpiceJet posted a quarterly profit of Rs.73.2 crore in the fourth quarter of 2015-16 on higher operational income.During the March quarter of 2015-16, the airline’s operational income rose to Rs.1,474 crore from Rs.790 crore in the same period previous year.

Future Consumer Enterprise Ltd: The company reported a consolidated net loss of Rs.25.82 crore for the fourth quarter ended on March 31, 2016.

HDFC Bank: The bank said it will seek shareholders' approval to hike the authorised share capital of the bank to Rs.650 crore. The proposal came as one of the outcomes of the board meeting of the bank held on Thursday.

Axis Bank: Life Insurance Corporation (LIC) of India is beginning to exploit its ownership to expand its own business which is becoming intensely competitive. The state-run insurer is nudging the Axis bank to sell insurance policies offered by it through its more than 2,500 branches, testing its existing partnership with Max Life, according to reports.

Gujarat State Petronet: Gujarat State Petronet Ltd posted a net profit of Rs.997.089 million for the quarter ended March 31, 2016 compared with Rs.670.981 million for the quarter ended March 31, 2015.

Sobha: Sobha Ltd has announced that the Board of Directors of the Company has approved a proposal to buyback up to 2,275,000 Equity Shares of the Company for an aggregate amount not exceeding Rs. 750,750,000.

Karnataka Bank: The bank will announce its Q4 numbers today. IIFL estimates the bank’s net profit to fall to Rs.100 crore, at a rate of 25% yoy; however, the same is likely to surge 3% qoq.    

Pidilite Industries: The company reported a 48.97% increase in standalone net profit at Rs 115.04 crore for the March quarter.

Dishman Pharmaceuticals: The company reported a 29.29% increase in consolidated net profit at Rs 49.92 crore for the March quarter.