Wipro, Titan, Cipla, among 15 Stocks in focus today

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

Wipro: Wipro has appointed a new COO Bhanumurthy BM and also assigned new roles to other veterans such as GK Prasanna as part of a newly-unveiled organizational structure, as per media reports.

Axis Bank Ltd: The Govt is considering diluting its 11.7% stake in Axis Bank it holds through the Specified Undertaking of the Unit Trust of India to meet shortfall in disinvestment proceeds and revenue collection during the current fiscal, according to reports.

Mahindra & Mahindra: Mahindra & Mahindra expects to launch two more passenger cars/utility vehicles by the end of March to complete the planned launch of 10 vehicles during FY16, reports a business daily.

Titan: Titan Co. expects to take a hit of up to Rs. 500 crore in FY16 due to the Government’s move to lower the transaction threshold of quoting permanent account number (PAN) to Rs. 2 lakh from INR 5 lakh earlier, reports a financial newspaper.

Tata steel Ltd: The company has announced that it is expecting India steel output around 10 mn tn in FY16, according to reports. The Kalinganagar plant will start commercial operations on April 1, the company was quoted as saying.

Tech Mahindra Ltd: The company has entered into a strategic alliance with MetricStream Inc to deliver governance risk and compliance management applications across the globe, the city-based information technology services provider said.

Cipla: As part of its ongoing transformation journey to simplify decision making and improve operational excellence, Cipla Ltd has announced the creation of a six member Management Council that will be the apex executive leadership team for the company.

Jaiprakash Associates: Jaiprakash Associates has signed an agreement with Shree Cement to divest its stake in the 2.1-MT Bhilai Jaypee Cement for an enterprise (BJCL) value of Rs 21-22bn.

Bajaj Auto: The company is planning launch series of new products, double capacity at one of its plants and also to launch new a brand this year even as it targets to increase its domestic market share, as per media reports.

Bharati Shipyard Ltd: The Board of Directors of the Company at its meeting held on January 07, 2016 have approved for issuance and allotment of 2647313 convertible warrants at Rs.22/- per warrant on preferential basis to M/s. Edelweiss Finance & Investments Limited in compliance with all statutory and relevant regulations.The Company has received 25% amount towards the issue price i.e. Rs.5.50 per warrant, totaling to Rs.1,45,60,221.50 from M/s. Edelweiss Finance & Investments Limited.

Canara Bank: Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs. 900 Crore (as Series - II) by way of Private Placement. Accordingly, the Bank has successfully raised Rs. 900 Crore under BASEL-III Compliant Tier-II Bonds on January 07, 2016 with a coupon of 8.40 % PA.

Maruti Suzuki: Maruti Suzuki has unveiled their latest offering in their flagship model, Maruti Suzuki DZire equipped with Auto Gear Shift (AGS) technology.

L&T: L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, in consortium with McDermott has bagged an offshore contract from Oil & Natural Gas Corporation (ONGC) valued at Rs 24.50 billion.

Bharat Heavy Electricals Ltd: BHEL, an integrated power plant equipment manufacturer, has commissioned two 220/20kV substations in Afghanistan on EPC basis.

Bajaj Corp: FMCG firm Bajaj Corp reported 18.6% increased in net profit at Rs.49.6 crore for the third quarter ended December 31, 2015. The company's total income for the third quarter stood at Rs.213.1 crore, up 3.4% from Rs.206 crore in the year-ago period.