Tata Motors, Tech Mahindra, DLF among 30 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 Ltd’s new CEO Abidali Neemuchwala has set an ambitious target of expanding the company's revenue to US$15 billion, with operating margins of 23%, by 2020, reports a business daily.

Tech Mahindra: Tech Mahindra reported consolidated net profit of Rs. 759.24 crore for the quarter December 31, 2015, registering decline of 5.71% yoy.

DLF: DLF Ltd, a real estate major, will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to increase to Rs. 174.10 crore, growing at 32.1% yoy 32.4 qoq.  

Ajanta Pharma: The company posted a net profit of Rs. 1113 mn for the quarter ended December 31, 2015 compared with Rs. 930.60 mn for the quarter ended December 31, 2014.

Abbott India: The company’s standalone revenue stood at Rs. 667.29 crore, up 16.31% yoy and 3.45% qoq.

Jindal Saw: Jindal Saw reported a 36.6% decrease in net profit at Rs.39.24 crore for the third quarter that ended on December 31, 2015.

Dr. Reddy’s Lab: The pharma company announced the U.S. Food and Drug Administration (US FDA) tentative approval for Zenavod(doxycycline) Capsules, 40 mg.

Godrej Properties: Godrej Properties Ltd will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to fall to Rs. 38.80 crore, at a rate of 17.8% yoy and 63.4% qoq.

Steel Strips: Steel Strips Wheel Ltd's Total wheel rim sales stood 11.28 lakhs for Jan'16 as against 10.03 lakhs in Jan'15 representing a 12% growth.

Tata Communications: Tata Communications Ltd will announce its Q3 results today. IIFL forecasts the company’s net profit for Q3 FY16 to decline to Rs. 33 crore, at a rate of 69.6% yoy; however, it is expected to rise 448.8% qoq. 

V I P Industries:  V I P Industries Ltd, Mumbai-based luggage maker, reported standalone net profit of Rs.11.30 crore for the quarter ended December, registering growth of 32.94% yoy, but decline of 28.03% qoq.

BHEL: BHEL has bagged this prestigious order for setting up a supercritical thermal power project involving one unit of the country’s highest rating 800 MW sets, in Tamil Nadu.

Adani Enterprises: The company posted a net profit of Rs. 1957.90 mn for the quarter ended December 31, 2015 whereas the same was at Rs. 4438.50 mn for the quarter ended December 31, 2014.

Ipca Labs: The US Food & Drug Administration (US FDA) has issued a warning letter to Ipca Laboratories for not complying with the drug regulator’s quality standard at three of the company's manufacturing plants.

Suzlon: Suzlon Group announced the opening of its new Blade Science Center in Vejle, Denmark.

Transport Corp: The company  reported a 10.5% increase in net profit at Rs.18.9 crore for the third quarter that ended on December 31, 2015.

Maharashtra Seamless: The company reported a fall of 85.7% in standalone net profit to Rs.5 crore for the quarter ended Dec. 31, 2015 as compared to Rs.35 crore in the same period last year.

M&M: M&M's farm and equipment sector, a part of the $16.9bn Mahindra Group, announced its January 2016 sales numbers for tractors.

Aban Offshore: The company has posted a net loss of Rs.887.34 mn for the quarter ended December 31, 2015 compared with Rs. 1,299.89 mn for the quarter ended December 31, 2014.

Tata Motors: Tata Motors continued to witness year-on-year growth in the M&HCV segment in January 2016, with a growth of 30%. Total sales of Tata Motors passenger and commercial vehicles (including exports) were at 47,034 vehicles, higher by 10%, over 42,595 vehicles, sold in January 2015.

Grasim Industries: Grasim Industries Ltd. will spend more than Rs. 4,000 crore on capacity expansion of its various businesses - cement, chemicals and VSF - in the coming financial year.

Maruti Suzuki: Maruti Suzuki posted lesser than expected sales numbers with the start of the new year. The January 2016 total sales volume of the company declined by 2.6% to 1.13 lakh units.

ITC: ITC plans its first overseas hotel at Colombo, Sri Lanka, in 2018, reports a business daily, adding that the Sri Lankan property will be a super-premium one and it will be branded as “ITC”.

Mahindra & Mahindra: Mahindra & Mahindra posted 10% YoY growth in sales, and stood at 43,789 units sold during January 2016. The company sold 22,088 units of PV at 13% YoY growth.

Vakrangee:  The company announced that Corporate Agency has tied up with Tata AIG General Insurance Company.

Ashok Leyland: Ashok Leyland's total sales for Jan'16 total rose 30% yoy to 13,886 units as against 10,643 units of Jan'15. M&HCV sales were up 40% yoy at 11,208 units.

Dalmia Bharat Sugar: Dalmia Bharat Sugar & Industries, leading cement suppliers in India, reported standalone net profit of Rs.16.95 crore for the quarter ended December 31, 2015.

Atul Auto: Atul Auto posted a sales growth of 2% for the month of January,2016 at 3,708 units as against 3,636 units for same period corresponding year.

Sun Pharma: Sun Pharmaceutical Industries announced that all the necessary formalities for Closure of the said transaction have been completed and the aforesaid transaction has been successfully closed on February 01, 2016.

VRL Logistics: The company reported a 1.6% decrease in net profit at Rs.24.7 crore for the third quarter that ended on December 31, 2015.