SBI, Ambuja Cements, Bharti Airtel 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.

State Bank of India: SBI, the largest lender in the country, will announce its financial results on February 11 for the third quarter ended December 31, 2015. IIFL forecasts the bank's standalone net profit for Q3 FY16 to soar to Rs. 3,347.2 crore, growing at a rate of 15% yoy; however, it is likely to dip 13.7% qoq.       

Tata Motors: Tata Motors will announce its Q3 numbers today. IIFL forecasts the company’s net profit for Q3 FY16 to decline to Rs. 3,341.9 crore, at a rate of 6.7% yoy and 877.6% qoq.

Ambuja Cements: Ambuja Cements, major cement producing company in India, reported standalone net profit of Rs.109.96 crore for the quarter ended December 31, 2015, registering decline of 66.54% yoy.


Bharti Airtel: Bharti Airtel is in talks to merge its wholly-owned Sri Lanka unit into Dialog Axiata in a likely share-swap deal, according to reports.

Reliance Infrastructure Ltd: Reliance Infra is in talks with global pension funds and investment companies, including the Canada-based Brookfield Asset Management Inc and CPP Investment Board (formerly the Canada Pension Plan Investment Board) to sell its portfolio of road assets, reports a business daily.

HUL:The company may sell its commoditised businesses such as atta, rice and salt brands as it looks to realign its food portfolio, as per media reports.

ITC: The company announced three projects in West Bengal involving an investment of INR 3,000 crore.

Cipla: Cipla , global pharmaceutical manufacturers, reported consolidated net profit of Rs.343.20 crore for the quarter ended December 31, 2015, registering growth of 4.68% yoy, but decline of 20.42% qoq.

Petronet LNG: Petronet LNG reported standalone net profit of Rs.178.39 crore for the quarter ended December 31, 2015, registering growth of 9.85% yoy, but decline of 28.31% qoq.

Mercator: Shipping and logistics company Mercator said it has sold its Singapore bulk cargo business to three investors for a token amount of three Singapore dollars.

Shipping Corporation: Shipping Corporation of India Ltd posted a net profit of Rs. 596.60 mn for the quarter ended December 31, 2015 as compared to Rs. 313.50 mn for the quarter ended December 31, 2014.

Coal India: Coal India, the largest coal miner in India, will announce its Q3 results today. IIFL forecasts the company’s net revenue for Q3 FY16 to rise to Rs. 19,003 crore, growing at a rate of 7% yoy and 8.6% qoq.

MOIL: The company will invest Rs.620 mn for setting up a 10.5MW solar power project for captive use for mines in Madhya Pradesh and Maharashtra.

ACC: ACC Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1023.90 million for the quarter ended December 31, 2015 as compared to Rs. 3262.20 mn for the quarter ended December 31, 2014.

Ruchi Soya Industries: The company’s standalone revenue stood at Rs. 8,185.29 crore, up by 41.68% yoy and 44.82% qoq.

DFM Foods: DFM Foods Ltd, maker of packaged snacks, reported standalone net profit of Rs. 6.59 crore for the quarter ended December 31, 2015, registering growth of 111.22% yoy.

Tata Global Beverages: The company’s consolidated revenue stood at Rs. 2,081.47 crore, down by 2.78% yoy but up by 2.31% qoq.

Sequent Scientific: Sequent Scientific  will announce its Q3 numbers today. IIFL forecasts the company’s net revenue for Q3 FY16 to soar to Rs. 177 crore, growing at a rate of 58% yoy and 11.3% qoq.

Shipping Corporation of India: The company’s standalone revenue stood at Rs. 987.04 crore, registering decline of 6.21% yoy and 9.03% qoq.

Kalpataru Power: Kalpataru Power Transmission, power plant major, reported standalone net profit of Rs.38.11 crore for the quarter ended December 31, 2015, registering decline of 7.03% yoy and 7.09% qoq.

AXISCADES Engineering Technologies: The company’s consolidated revenue stood at Rs. 97.65 crore, up 16.92% yoy and 2.01% qoq.

Asahi India Glass: Asahi India Glass Ltd, leading integrated glass company, reported standalone net profit of Rs. 25.53 crore for the quarter ended December 31, 2015, registering growth of 124.54% yoy and 13.97% qoq.

Engineers India: The company’s standalone revenue stood at Rs. 368.37 crore, down by 7.52% yoy and 18.24% qoq.
Glaxosmithkline Pharma: Glaxosmithkline Pharma reported standalone net profit of Rs.79.90 crore for the quarter ended December 31, 2015, registering growth of 76.38% yoy, but decline of 16.81% qoq.

Lakshmi Vilas Bank: Lakshmi Vilas Bank, one of India’s fast growing banks, announced reduction in the base rate from the earlier rate of 10.70% p.a. to 10.55% p.a.