Check out the companies which will be in focus during trade today based on recent and latest news developments.
Maruti Suzuki: Maruti Suzuki will launched Compact SUV Vitara Brezza at Delhi Auto Expo.
Lupin: Pharma Major Lupin announced that its US subsidiary, Lupin Pharmaceuticals Inc. has launched its Metformin HCl ER Tablets, 500 mg and 1000 mg to market a generic equivalent of Santarus Inc.’s Glumetza HCl ER Tablets, 500 mg and 1000 mg.
Tata Communication: The company posted a decline in consolidated net profit by 79.8 per cent at Rs 21.89 crore in the quarter ended December 31, 2015.
Adani Ent: Billionaire Gautam Adani’s mega project worth US$ 16.5 billion in Queensland, Australia, has received environmental approval from the state’s Department of Environment and Heritage Protection (EHP).
Hindustan Zinc: The company is looking to expand its all operations in a time-frame of 3-5 years, taking current ore production levels of 9.36 MTPA to 14.00 MTPA and finished metal production levels from 0.85 MTPA to 1.10 MTPA.
Birla Corporation: The proposed Rs. 5,000-crore deal by Birla Corporation Ltd. to acquire two cement manufacturing units of Lafarge India Pvt. Ltd., along with two cement brands has been called off.
Vedanta: Vedanta Resources will repurchase bonds worth up to $250 million of its outstanding $1.25 billion convertible bonds due this year.
Cipla: Yusuf Khwaja Hamied, currently the Non-executive Chairman of drug major Cipla Ltd, has increased his stake in the company to over 20% by acquiring additional 5% stake of his wife Farida Hamied.
RPG Life Sciences Ltd: The pharma company reported an increase of 84.58% in its standalone net profit at Rs. 4.67 crore for the third quarter ended December 31, 2015.
DCM Shriram Ltd: The company reported more than two-fold jump in its consolidated net profit at Rs. 60.48 crore for the quarter ended December on higher sales and fall in interest outgo.
Minda Industries: Minda Industries reported a 121.5% increase in standalone net profit at Rs. 28.8 crore for the third quarter that ended on December 31, 2015.
Crompton Greaves: The company reported consolidated net loss of Rs.107.03 crore for the quarter ended December 31, 2015.
Tata Motors: Tata Motors has decided to rename its soon-to-be-launched hatchback Zica as concern grows globally over the outbreak of the identical sounding name Zika virus.
Grindwell Norton: The company’s consolidated revenue stood at Rs. 280.79 crore, up 0.36% yoy but down 1.06% qoq.
Majesco: Majesco reported consolidated net profit of Rs. 7.9 crore vs loss of Rs. 0.6 crore qoq.
Hero MotoCorp: Hero MotoCorp reported a marginal growth in Jan '16 sales with 5,63,348 units as against 5,58,982 units sold in Jan '15.
Jindal Stainless: Jindal Stainless Ltd's standalone net loss narrowed to Rs.191.25 crore for the quarter ended December 31, 2015 compared to Rs. 341.98 crore in the corresponding quarter of the previous year, but widened from Rs. 188.05 crore in preceding quarter.
Tube Investments: Tube Investments of India Ltd posted a net profit of Rs. 1115.00 mn for the quarter ended December 31, 2015 compared with Rs. 871.40 mn for the quarter ended December 31, 2014.
Escorts: Escorts, leading engineering conglomerate, reported standalone net profit of Rs.20.49 crore for the quarter ended December 31, 2015, registering decline of 42.58% yoy, but growth of 26.62% qoq.
Maharashtra Scooters: The company recorded a decline of 30.7% in its net profit Rs.1.8 crore for the quarter ended December 31, 2015 compared with Rs.2.6 crore for the quarter ended December 31, 2014.
Amara Raja Batteries: Amara Raja Batteries reported standalone net profit of Rs. 136.18 crore for the quarter ended December 31, 2015, registering growth of 33.07% yoy and 11.1% qoq.
Bayer Crop: The consolidated net profit for the quarter was at Rs. 2.7 crore as against Rs. 5.5 crore. The company’s standalone revenue stood at Rs. 642.40 crore, down 9.78% yoy and 45.31% qoq.
AstraZeneca: AstraZeneca announced that it has completed the transaction to acquire a majority equity stake in Acerta Pharma, a privately-owned biopharmaceutical company based in the Netherlands and US.
HSIL: The company recorded increase 22.4% in its net profit at Rs.37 crore for the quarter ended December 31, 2015 compared with Rs.30.3 crore for the quarter ended December 31, 2014.
United Breweries: The company has posted a net profit of Rs. 721.20 mn for the quarter ended December 31, 2015 compared with Rs. 399.40 mn for the quarter ended December 31, 2014.
OCL India: OCL India, flagship company of 'Dalmia Group, reported standalone net profit of Rs. 37.07 crore for the quarter ended December 31, 2015, registering growth of 28.85% yoy and 119.74% qoq.
Godrej Properties: The company reported a consolidated net profit of Rs. 51.99 crore for the quarter ended December 31, 2015, registering growth of 10.06% yoy, but declining 51.03% qoq.
Uflex: Uflex, flexible packaging solutions company, reported consolidated net profit of Rs. 78.68 crore for the quarter ended December 31, 2015, registering growth of 37.87% yoy.
Torrent Power: Torrent Power Ltd posted a net profit of Rs. 3720.10 mn for the quarter ended December 31, 2015 where as the same was at Rs. 687.70 million for the quarter ended December 31, 2014.
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