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 Q3 result today. The company is likely to post revenue of Rs. 9,326 crore in Q3, a 4.3% growth Y-o-Y basis and 4.7% growth Q-o-Q basis as per IIFL estimates.
Alembic Pharma: Alembic Pharmaceuticals Ltd reported a 281% increase in net profit at Rs.269.5 crore for the third quarter that ended on December 31, 2015.
Cairn India: The company will announce its Q3 result today. IIFL expects net revenue to plunge 42.5% to Rs. 2,014 crore yoy; Q3 net revenue is expected to decline 10.2% qoq.
Cipla: Cipla's founder Y.K. Hamied plans to increase his shareholding in one of India's leading drugmakers to more than 20 per cent by acquiring over 5 per cent additional stake, reports a business daily. Cipla informed BSE that FIL Capital Investments (Mauritius) II Limited have informed the company that they have received intimation from the Competition Commission of India that the CCI has granted its approval with respect to, inter alia, the proposed investment by FIL Capital Investments (Mauritius) II Limited in Cipla Health Limited, subsidiary of the Company.
Tata Motors: Tata Motors will be showcasing more than 25 models and concepts across its passenger vehicle and commercial vehicle range, besides cars from Jaguar Land Rover (JLR) at the 2016 Auto Expo, reports a financial newspaper.
Biocon Ltd: The net profit for the quarter stands at Rs. 103 crore, up 13%. The company’s revenue at Rs. 836.4 crore, registered growth of 8.73% yoy.
RCOM: The company will announce its Q3 result today. IIFL expects net profit to fall 18.2% to Rs. 164.60 crore yoy; however, Q3 net profit is expected to rise 5.5% qoq.
Tata Steel: Tata Steel has suspended operations at its Canadian iron ore mining and processing project, reports a financial newspaper.
Lupin: Ace investor Rakesh Jhunjhunwala has reduced his stake in drug maker Lupin to 1.14% for the third quarter ended December 31, 2015. Jhunjhunwala now holds 51,15,105 shares of Lupin.
MRF: MRF is looking to set up a new plant to ramp up production, as its existing nine plants are running to full capacity. No call has been taken yet on the location of the new plant, Executive Vice President (Marketing) Koshy K Varghese has been quoted as saying.
Reliance Cap: Reliance Capital Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 2350 mn for the quarter ended December 31, 2015 as compared to Rs. 2130 mn for the quarter ended December 31, 2014.
Lumax Auto Tech: The company will announce its Q3 result today.IIFL expects net revenue to increase 6% to Rs. 224 crore yoy; however, Q3 net revenue is expected to slump 2.9% qoq.
Raymond: Raymond reported a fall of 28.5% in net profit to Rs.40.1 crore for the quarter ended Dec. 31, 2015 as compared to Rs.56.1 crore in the same period last year.
IndiGo: The company reported PAT of Rs. 6,572.88 million in December quarter compared to Rs.5,315.68 million, an increase of 23.7% year-on-year.
Max India: Max India will be dropped from BSE indices from January 27 following demerger of its health and allied vertical and specialty film business, according to reports.
Syngene Intl: The net profit for the quarter stands at Rs. 58.8 crore. The total income was at Rs. 280.4 crore as against Rs 227.6 Cr (YoY).
IL&FS Engineering: IL&FS Engineering and Construction Company rallied 2.3% to Rs.54.20 on BSE. The company has received a letter of acceptance (LOA) from GAIL (India) for laying and construction of pipeline along with associated works for pipeline replacement project in Gujarat region.
Kalpataru Power: The company has announced that it has bagged transmission orders worth Rs.1,295 crore.
VST Industries: VST Industries reported standalone net profit of Rs. 41.1 crore for the quarter, registering growth of 35.37% yoy. The company’s standalone total income from operation of Rs. 217.17 crore, up by 9.60% yoy.
HFCL Ltd: HFCL Ltd reported a jump of 66.76% in its standalone net profit at Rs 70.16 crore for the three months period ended December 31, 2015.
Zee Media Corporation Ltd: The media company reported narrowing down of its consolidated net loss to Rs 1.11 crore for the third quarter ended December.
M&M Financial: The company reported standalone net profit of Rs. 67.16 crore for the quarter ended December 31, 2015, registering decline of 50.76% yoy and 54.05% qoq.
Chambal Fertilisers: Chambal Fertilisers & Chemicals Ltd reported net loss at Rs.163.3 crore for the third quarter that ended on December 31, 2015.
Hindustan Zinc: The net profit for the quarter stands at Rs. 1811 crore. The total income for the quarter was at Rs.3430. 6 crore.
Indiabulls Real Estate Ltd: The company has reported 2.1 per cent year-on-year rise in net profit of Rs 80.44 crore for the quarter ended December.
Alembic Pharma: Alembic Pharmaceuticals Ltd reported a 281% increase in net profit at Rs.269.5 crore for the third quarter that ended on December 31, 2015.
Cairn India: The company will announce its Q3 result today. IIFL expects net revenue to plunge 42.5% to Rs. 2,014 crore yoy; Q3 net revenue is expected to decline 10.2% qoq.
Cipla: Cipla's founder Y.K. Hamied plans to increase his shareholding in one of India's leading drugmakers to more than 20 per cent by acquiring over 5 per cent additional stake, reports a business daily. Cipla informed BSE that FIL Capital Investments (Mauritius) II Limited have informed the company that they have received intimation from the Competition Commission of India that the CCI has granted its approval with respect to, inter alia, the proposed investment by FIL Capital Investments (Mauritius) II Limited in Cipla Health Limited, subsidiary of the Company.
Tata Motors: Tata Motors will be showcasing more than 25 models and concepts across its passenger vehicle and commercial vehicle range, besides cars from Jaguar Land Rover (JLR) at the 2016 Auto Expo, reports a financial newspaper.
Biocon Ltd: The net profit for the quarter stands at Rs. 103 crore, up 13%. The company’s revenue at Rs. 836.4 crore, registered growth of 8.73% yoy.
RCOM: The company will announce its Q3 result today. IIFL expects net profit to fall 18.2% to Rs. 164.60 crore yoy; however, Q3 net profit is expected to rise 5.5% qoq.
Tata Steel: Tata Steel has suspended operations at its Canadian iron ore mining and processing project, reports a financial newspaper.
Lupin: Ace investor Rakesh Jhunjhunwala has reduced his stake in drug maker Lupin to 1.14% for the third quarter ended December 31, 2015. Jhunjhunwala now holds 51,15,105 shares of Lupin.
MRF: MRF is looking to set up a new plant to ramp up production, as its existing nine plants are running to full capacity. No call has been taken yet on the location of the new plant, Executive Vice President (Marketing) Koshy K Varghese has been quoted as saying.
Reliance Cap: Reliance Capital Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 2350 mn for the quarter ended December 31, 2015 as compared to Rs. 2130 mn for the quarter ended December 31, 2014.
Lumax Auto Tech: The company will announce its Q3 result today.IIFL expects net revenue to increase 6% to Rs. 224 crore yoy; however, Q3 net revenue is expected to slump 2.9% qoq.
Raymond: Raymond reported a fall of 28.5% in net profit to Rs.40.1 crore for the quarter ended Dec. 31, 2015 as compared to Rs.56.1 crore in the same period last year.
IndiGo: The company reported PAT of Rs. 6,572.88 million in December quarter compared to Rs.5,315.68 million, an increase of 23.7% year-on-year.
Max India: Max India will be dropped from BSE indices from January 27 following demerger of its health and allied vertical and specialty film business, according to reports.
Syngene Intl: The net profit for the quarter stands at Rs. 58.8 crore. The total income was at Rs. 280.4 crore as against Rs 227.6 Cr (YoY).
IL&FS Engineering: IL&FS Engineering and Construction Company rallied 2.3% to Rs.54.20 on BSE. The company has received a letter of acceptance (LOA) from GAIL (India) for laying and construction of pipeline along with associated works for pipeline replacement project in Gujarat region.
Kalpataru Power: The company has announced that it has bagged transmission orders worth Rs.1,295 crore.
VST Industries: VST Industries reported standalone net profit of Rs. 41.1 crore for the quarter, registering growth of 35.37% yoy. The company’s standalone total income from operation of Rs. 217.17 crore, up by 9.60% yoy.
HFCL Ltd: HFCL Ltd reported a jump of 66.76% in its standalone net profit at Rs 70.16 crore for the three months period ended December 31, 2015.
Zee Media Corporation Ltd: The media company reported narrowing down of its consolidated net loss to Rs 1.11 crore for the third quarter ended December.
M&M Financial: The company reported standalone net profit of Rs. 67.16 crore for the quarter ended December 31, 2015, registering decline of 50.76% yoy and 54.05% qoq.
Chambal Fertilisers: Chambal Fertilisers & Chemicals Ltd reported net loss at Rs.163.3 crore for the third quarter that ended on December 31, 2015.
Hindustan Zinc: The net profit for the quarter stands at Rs. 1811 crore. The total income for the quarter was at Rs.3430. 6 crore.
Indiabulls Real Estate Ltd: The company has reported 2.1 per cent year-on-year rise in net profit of Rs 80.44 crore for the quarter ended December.
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