Check out the companies which will be in focus during trade today based on recent and latest news developments.
Axis Bank: The bank recorded a rise of 15% in its net profit at Rs.2,175 crore for the quarter ended December 31, 2015 as compared to Rs.1,889.7 crore for the quarter ended December 31, 2014.
Reliance Infrastructure: Reliance Infrastructure reported its Q3 net profit at Rs. 462.7 crore.The total income for the quarter stands at Rs. 3,932.5 crore as compared to Rs. 4,371.4 Cr (YoY).
UltraTech Cement: The company recorded a rise of 36.5% in its net profit at Rs. 546 crore for the quarter ended December 31, 2015 as compared to Rs. 400 crore for the quarter ended December 31, 2014.
TVS Motor: TVS Motor is confident of gaining market share in the motorcycles segment with the launch of two new models targeting commuters and the youth, reports a financial newspaper. The company on Wednesday unveiled a new TVS Victor in the commuter segment and a TVS Apache RTR 200.
NCC,Gayatri Projects: NCC Ltd, along with Gayatri Projects Ltd and its unit Gayatri Infra Ventures Ltd, has signed an agreement to sell 100% of their shareholding in Western UP Tollway Ltd to Cube Highways and Infrastructure Pte Ltd for Rs.575 crore.
Vedanta: Vedanta Resources has cut the value of its bond repurchase programme to US$227.4 million from the US$500-million figure it had announced last week, reports a business daily.
Titan Company: Titan Company, which on Wednesday forayed into the smartwatch segment, plans to launch a payment facility similar to Apple Pay, reports a business daily.
Chambal Fertilizers: The company will announce its Q3 results. According to IIFL, the fertilizer major’s net revenue is expected to rise 16.8% to Rs. 3,298 crore yoy; Q3 net revenue is expected to surge 19.8% qoq.
Exide Ind: The company will announce its Q3 results. IIFL estimates that the company’s PAT is likely to surge 44.80% to Rs. 140.70 crore yoy; however, Q3 PAT is expected to decline 9.8% qoq.
GSFC: The company will announce its Q3 results. IIFL expects net revenue to soar 9% to Rs. 1,426 crore yoy; however, Q3 net revenue is expected to plunge 19.1% qoq.
Rcom: Reliance Communications (RCom) paid an aggregate amount of Rs. 5383.84 crore as liberalization fee to Department of Telecommunications (DoT).
DHFL: The company reported a 16.3% increase in net profit at Rs. 186 crore for the quarter ended December 31, 2015 as compared to Rs. 160 crore for the quarter ended December 31, 2014.
JSW Energy: The net profit for the quarter was at Rs. 321 crore. The total income for the quarter stands at Rs. 2649 crore.
Hindustan Zinc:The company will announce its Q3 results. IIFL expects net revenue to fall 10.8% to Rs. 3,435 crore yoy; Q3 net revenue is expected to plunge 14.8% qoq.
Gati Ltd: The company has posted a net profit of Rs. 7.7 crore for the quarter ended December 31, 2015 as compared to Rs. 11.4 crore for the quarter ended December 31, 2014.
KPIT Technologies: KPIT Technologies reported a 13% increase in consolidated net profit at Rs.73.5 crore for the third quarter that ended on December 31, 2015.
Triveni Engineering:Triveni Engineering & Industries reported net profit at Rs.14.1 crore for the third quarter that ended on December 31, 2015.
Edelweiss Financial Services : The company has posted a net profit after at Rs. 106 crore for the quarter ended December 31, 2015 as compared to Rs. 82.9 crore for the quarter ended December 31, 2014.
Tata Elxsi: Tata Elxsi reported a 39.5% increase in standalone net profit at Rs. 39.9 crore for the third quarter that ended on December 31, 2015.
South Indian Bank: The bank recorded a rise of 16% in its net profit at Rs. 102 crore for the quarter ended December 31, 2015 as compared to Rs. 87.9 crore for the quarter ended December 31, 2014.
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