Wipro, IOC, Mindtree among 26 Stocks in focus today

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

Wipro:  The company reported its Q3 net profit at Rs. 2230 crore. Total Income has increased from Rs. 125,886 mn for the quarter ended December 31, 2014 to Rs. 135,743 mn for the quarter ended December 31, 2015. 

Mindtree: The company will announce its Q3 results today. According to IIFL estimates, the company is expected to report net revenue of Rs. 1,190 crore at 30.6% growth rate on Y-o-Y basis. While, on Q-o-Q basis, the IT firm’s net revenue growth is expected to be at 1.8%.

Coal India: The 10% stake sale in Coal India Ltd. (CIL) is likely to be deferred to the next fiscal year, as the Government wants the markets to stabilise to fetch better valuation, according to media reports.


Bank of India: Bank of India (BOI) has acquired 49% stake in its subsidiary BOI Shareholding Ltd from BSE Ltd. Earlier, in this subsidiary, BOI held 51% stake. Post the acquisition, BOI Shareholding Ltd has become a wholly owned subsidiary of BOI.

Max India: The company announced its demerger into three listed companies Max Financial Services, Max India and Max Ventures & Industries.

Maruti Suzuki: Maruti Suzuki increased the prices of its vehicles across models by up to Rs.12,000, according to reports.
Starting from entry level hatchback Alto 800 to premium crossover S-Cross a hike has reportedly been effected.

Axis Bank: Axis Bank has recently bought 200,000 sq ft (sft) space at The Ruby office complex in Dadar West for INR 320 crore, reports a business daily.

HUL: The company has posted a net profit of Rs. 9714.00mn for the quarter ended December 31, 2015 compared with Rs. 12521.70 mn for the quarter ended December 31, 2014.

Karnataka Bank: The bank registered a decline of 9.4 % in its net profit at Rs 96.91 crore for the third quarter ended December. 

Aurobindo Pharma: Aurobindo Pharma Ltd has received two approvals from the US Food & Drug Administration for treatment of the prevention and treatment of high levels of parathyroid hormone in certain patients with chronic kidney disease and treatment of short-term control of bleeding in hemophiliacs, including dental extraction procedures.

Pipavav Defence: The Company has posted a net loss of Rs.2936 million for the quarter ended December 31, 2015 as compared to net loss of Rs. 704.64 million for the quarter ended December 31, 2014.

SBI: State Bank of India has announced that the Committee of Directors, duly authorized by the Central Board of the Bank, at their meeting held on January 15, 2016 inter-alia, authorized the Bank to seek shareholders approval and to write to GOI and RBI seeking their approval under Section 5 (2) of the State Bank of India Act, 1955 for extending the period of approval for raising equity capital upto Rs.15,000 crores till March 31, 2017 by way of FPO/Rights issue/ESPS/ESOS/QIP/ADR/GDR or any other mode or a combination of these as may be decided at the opportune time or as may be approved by the GOI and RBI.

Oberoi Realty: Oberoi Realty Ltd has posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2093.50 mn for the quarter ended December 31, 2015 as compared to Rs. 792.30 mn for the quarter ended December 31, 2014. 

Indian Oil Corporation: IOC refinery at Paradip started production of petrol from the INR 34,555-crore facility on Sunday, reports a business daily.

Aditya Birla Group: Aditya Birla Group will see three top management changes by the end of March, reports a business daily. As part of the top level changes, KK Maheshwari will take charge as Managing Director (MD) of UltraTech, as incumbent OP Puranmalka retires, according to the financial newspaper. 

IOC, BPCL, HPCL: Petrol price was cut by 32 paise a litre and diesel’s by 85 paise a litre. A litre of diesel will cost Rs. 44.18 as opposed to Rs. 45.03 presently, said Indian Oil Corp (IOC), the nation’s biggest fuel retailer.

Sunteck Realty: Sunteck Realty has successfully raised Rs 55 crore through Non-Convertible Debentures (NCDs) at a coupon rate of 11.75% per annum payable annually with tenure of four years.

LIC Housing Finance: LIC Housing Finance Ltd reported a 21.6% increase in standalone net profit at Rs.418.9 crore for the third quarter that ended on December 31, 2015.

United Bank of India: United Bank of India plans to raise Rs 200 crore plus green shoe option from debentures on private placement basis. 

ZEE Entertainment:  The company has posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 2750.00 mn for the quarter ended December 31, 2015 as compared to Rs. 3086.10 mn for the quarter ended December 31, 2014.

Jay Bharat Maruti: The company reported a fall of 10.6% in standalone net profit at Rs.9.78 crore for the quarter ended Dec. 31, 2015. The company’s registered growth of 13.8% in its operating profit at Rs. 28.28 crore yoy.

Indian Hotels Company: Indian Hotels Company Ltd reported a fall of 84% in net profit to Rs. 10.1 crore for the third quarter that ended on December 31, 2015.The company had reported a net profit of Rs.61.8 crore for the corresponding quarter last year, it  said in a filing to the BSE.

VRL Logistics: VRL Logistics Ltd said that it has placed an order for 51 multi-axle intercity coaches worth INR 60 crore with Volvo Buses India.

Jet Airways: Jet Airways has entered into a reciprocal frequent flyer partnership with FlyerBonus, the loyalty scheme of Bangkok Airways.

ONGC, RIL: BP Plc will cooperate with the panel examining Oil & Natural Gas Corp's (ONGC) allegation that Reliance Industries Ltd. (RIL) pumped out gas from its adjoining field in the KG Basin - off the country's east coast, reports a business daily.

Gruh Finance: Gruh Finance Ltd reported a 20% increase in net profit at Rs. 53.7 crore for the third quarter that ended on December 31, 2015.