Check out the companies which will be in focus during trade today based on recent and latest news developments.
Lupin: The pharma company will announce its Q3 numbers today. IIFL forecasts the company’s net profit for Q3 FY16 to plummet to Rs. 428.6 crore, at 28.7% yoy, bu to rise 4.8% qoq.
Reliance Infrastructure: RInfra announced the signing of Share Purchase Agreement with Birla Corporation, the flagship Company of the M P Birla Group in relation to 100% sale of its subsidiary Reliance Cement Company Private.
Cairn: The Petroleum Ministry on Thursday told the Delhi High Court that its empowered committee of secretaries (ECS) has decided against granting permission to Cairn India to export crude oil from its Barmer oil & gas block in Rajasthan.
Oil & Natural Gas Corporation: ONGC said that it would soon finalise the revised cost estimate for the development of its K-G basin discoveries.
Tata Power: The company will announce its Q3 numbers today. IIFL forecasts the company’s net revenue for Q3 FY16 to soar to Rs. 10,074 crore, at 14.4% yoy and 5.6% qoq.
Fortis Healthcare: Fortis Healthcare has announced that its Board of Directors have approved the acquisition of a 51% economic interest in Fortis Hospital Ltd (FHTL), a subsidiary of the Religare Health Trust (RHT).
Tata Teleservices: Tata Teleservices registered a net loss of Rs. 79.6 crore vs Rs. 155.7 crore qoq.Total income of the company declined 0.6% to Rs. 742 crore for the quarter ended December 31, 2015 vs Rs. 747 crore for the quarter ended September 30, 2015 while other income was reported at Rs. 11.1 crore vs Rs. 25 crore qoq.
Tata Motors: Tata Motors launched Signa range of commercial vehicles for haulage and construction segments.
Thomas Cook (India): The company reported consolidated net loss of Rs. 13.53 crore for the third quarter ended on December 31, 2015-16.
Torrent Pharmaceuticals: The company’s consolidated revenue stood at Rs. 1,539 crore, up by 31.76% yoy but down by 8.99% qoq.
Gillette India: The company’s standalone revenue stood at Rs. 508.38 crore, up by 1.99% yoy and 5.53% qoq.
Great Eastern Shipping Company: The company’s consolidated revenue stood at Rs. 947.74 crore, up 7.97% yoy but down 8.29% qoq
ABB India: The company has posted a net profit of Rs. 1294 mn for the quarter ended December 31, 2015 as compared to Rs. 841.60 mn for the quarter ended December 31, 2014.
Godrej Consumer Products: Godrej Consumer Products has entered into an agreement with Canon Chemicals Limited, for the acquisition of a majority equity stake in its business in Kenya. Canon Chemicals Limited, a Kenya based company, manufactures and distributes products in the personal and home categories. Its major brand is Valon, a petroleum jelly.
Eicher Motors: Eicher Motors will announce its Q3 numbers today. IIFL forecasts the company’s net revenue for Q3 FY16 to soar to Rs. 3,326 crore, at 45% yoy and 6.5% qoq.
Talwalkars Better Value Fitness: Talwalkars Better value Fitness Ltd, Integrated in chain of Gyms, fitness clubs and health club, reported consolidated net profit of Rs.5.41 crore for the quarter ended Q3FY16, registering growth of 20.73% yoy.
JK Lakshmi Cement: JK Lakshmi Cement Ltd posted a net loss of Rs. 36.70 million for the quarter ended December 31, 2015 as compared to net profit of Rs. 184.80 mn for the quarter ended December 31, 2014.
Sanofi India: The company’s standalone revenue stood at Rs. 568.70 crore, up 11.1% yoy but down 2.92% qoq.
Gujarat State Petronet: Gujarat State Petronet Ltd, state-run public sector natural gas transmission company, reported standalone net profit of Rs. 123.47 crore for the quarter ended Q3FY16, registering growth of 39.05% yoy and 13.77% qoq.
Hawkins Cookers: Hawkins Cookers Ltd posted a net profit after tax of Rs. 6.6 crore for the quarter ended December 31, 2015 as compared to Rs. 3.1 crore for the quarter ended December 31, 2014.
Whirlpool: Whirlpool of India Ltd, a consumer electronic company, will announce its Q3 results today. IIFL forecasts the company’s net revenue for Q3 FY16 to soar to Rs. 7,480 crore, at 3.7% yoy and 4.8% qoq.
MT Educare: MT Educare, leading education support and coaching service, reported consolidated net profit of Rs.7.84 crore for the quarter ended December 31, 2015, registering growth of 33.79% yoy.
Kaveri Seed: Kaveri Seed Company Ltd posted a net profit after taxes, minority interest and share of profit of associates of Rs. 92.304 mn for the quarter ended December 31, 2015 as compared to Rs. 357.860 mn for the quarter ended December 31, 2014.
Mphasis:The company’s consolidated revenue stood at Rs. 1,516.70 crore, witnessing decline of 2.61% qoq but growth of 7.51% yoy.
Nitin Fire Protections:The company’s revenue stood at Rs. 387.95 crore, down by 3.05% yoy but down 12.95% qoq.
Esab India: Esab India, world's largest supplier of welding and cutting equipment, reported standalone net profit of Rs.4.96 crore for the quarter ended December 31, 2015, registering decline of 2.75% yoy.
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