Reliance Industries, Axis Bank, Zensar Tech among 25 Stocks in focus today

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

Reliance Industries: RIL reported 38.7% YoY growth in net profit at Rs. 7,290 crore for the quarter ended December 31. Other expenditure decreased by 12.9% to Rs. 8,549 crore ($ 1.3 billion) as against Rs. 9,811 crore incorresponding period of the previous year due to lower fuel prices.

Zensar Tech: The company reported consolidated net profit for Q3 is registered at Rs 71.5 crore vs Rs 91.3 crore QoQ, down by 21.4% while the consolidated Total Income was posted at Rs 762 crore vs Rs 758.6 crore QoQ.

Axis Bank: The bank will annouce its Q3 result today. According to IIFL estimates, the Net Interest Margin (NIM) is expected to be at 3.8%, a 20.0 bps decrease Y-o-Y while a 10.0 bps decline Q-o-Q.

IDFC Bank:IDFC Bank is in advanced talks to acquire Royal Bank of Scotland's (RBS) corporate banking portfolio in a deal worth up to INR 3,000 crore, reports a business daily.

Indian Bank: The bank will raise Rs. 1,100 crore through Basel-III compliant tier-II bonds.

Century Plyboards: The company acquired 51% stake in a Singapore-registered trading company for Rs. 1.07 crore. 

Dhanlaxmi Bank Ltd: The bank has informed BSE that a meeting of the Board of Directors of the Bank scheduled to be held on January 29, 2016, to inter- alia, consider the proposal for raising further equity shares on preferential allotment basis and seek shareholders' approval for the same.

BASF: The company reported net loss of Rs. 106.38 crore for the quarter ended December 31, 2015. The company’s revenue stood at Rs. 1131.7 crore registering growth of 15.77% yoy.

Alok Industries: SBI informed Alok Industries that as decided by the Joint Lenders' Forum, Strategic Debt Restructuring has been invoked on the Company with the reference date being November 27, 2015. Further, at its meeting held on January 16, 2016, it has been further decided that the JLF will acquire up to 65% stake in the company by converting its debt into equity.


Greenply Industries: The company recorded a rise of 35% in its net profit at Rs. 35.3 crore for the quarter ended December 31, 2015 as compared to Rs. 26.1 crore for the quarter ended December 31, 2014.

Ferro Alloys Corporation: The Central Empowered Committee (CEC) submitted a report which concluded that the mining operation in Boula Chromite Mines fell within the Hadgarh Wildlife Sactury. The mining operations are not permissible in that area, as per BSE data.

Ashok Leyland: Ashok Leyland's electric vehicles (EV) arm Optare has taken up a project to increase the range of its MetroCity and Solo buses to 200 miles without intrusion into passenger space, as per media reports.

Triveni Turbine: Triveni Turbine reported standalone net profit of Rs. 27.50 crore for the quarter, registering growth of  16.52% yoy.  The Company’s standalone revenue stood at Rs. 197.67 crore, clocking growth of 30.78% yoy.

Reliance Power: Reliance Power Ltd posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 3518.10 mn for the quarter ended December 31, 2015 as compared to Rs. 2544.40 mn for the quarter ended December 31, 2014.

Spicejet: The airline is set to place a big fleet order and is in talks with both Airbus and Boeing for the same, Chairman Ajay Singh told a Business TV channel in an interview on Monday. 

Reliance Infra: The company will announce its Q3 results today. IIFL expects the company’s net profit to fall 4.5% to Rs. 432 crore yoy. The company’s Q3 net profit is likely to plunge 4.2% qoq.

Tata Sponge Iron: The company will announce its Q3 results today. IIFL expects net revenue to plummet 35.70% to Rs. 138 crore yoy. IIFL forecasts the company’s net profit for Q3 FY16 to nosedive to Rs. 5.9 crore, declining at a rate of 64.20% yoy; however, it sees a rise of 3.5% qoq.

KPIT Tech: The IT company will announce its Q3 results today.According to IIFL estimates, the company is expected to report net revenue of Rs. 840 crore at 7.7% growth rate on Y-o-Y basis.

IL&FS Engineering and Construction Company Ltd: The company informed BSE that a meeting of the Board of Directors of the Company will be held on January 23, 2016, inter alia, to consider additional fund raising options including issue of Preference Shares. 

JSW Energy: JSW Energy Ltd, the Sajjan Jindal-led firm, will announce its financial results today. IIFL expects the company’s net profit to decline 18% to Rs. 319.60 crore yoy; Q3 net profit is expected to fall 37.2% qoq.  

Autoline Industries: The company is eyeing for business with lndian Railways and Ministry of Defence and recently got Vendor Registration from Defence and Railway Authorities.

Atlanta: The company secured letter of award for four laning of end of Moran Bypass to Bogibeel Junction of NH-37 in the State of Assam under SARDP-NE Package (II).

Aegis Logistics: The company will expand gas supply operations in South India, as per media reports.

IOC, HPCL, BPCL: Petrol price in Delhi was increased by 96 paise per litre and diesel by 53 paise.