RCOM plans to reduce debt by 75%

RCom’s net debt at the end of March 2016 stood at Rs. 41,362.1 crore.

Reliance Communications reportedly said it expects to cut down debt by 75% through merger of MTS, Aircel and sales of mobile towers.

“ We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal,” RCom CEO for Consumer Business Gurdeep Singh reportedly said during a conference call.

RCom’s net debt at the end of March 2016 stood at Rs. 41,362.1 crore.

RCom and Aircel have extended discussion period for the possible merger till June 22. 

Top 18 stocks in focus: RIL, Glenmark Pharma, Axis Bank

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

Oil stocks in focus: Oil marketing companies hiked petrol prices by Rs.2.58 per litre and diesel by Rs.2.26 per litre, with effect in Delhi from midnight.

Maruti Suzuki India Ltd: Maruti Suzuki India said it will resume production at its factories from 1 June, says report.

Mahindra & Mahindra: M&M said it has entered into a brand licence agreement with Pininfarina for use of trademarks after closing the deal to acquire 76.06 per cent stake in the Turin-based company.

Sun Pharmaceutical Industries: Sun Pharmais looking at up to 10 per cent increase in its consolidated revenues in the current financial year with an expectation of all round growth of business.

Reliance Communications: Reliance Communications reportedly said it expects to cut down debt by 75% through merger of MTS, Aircel and sales of mobile towers.

Vakrangee: Vakrangee announced a partnership with ARAMEX INDIA PRIVATE LIMITED (ARAMEX), a leading global provider of logistics and transportations solutions.

Glenmark Pharmaceuticals Ltd: Glenmark Pharmaceuticals announced that the Issuance Committee of the Company at its meeting held on May 31, 2016, has approved raising of up to USD 200 million through issuance of FCCBs to be listed on the Singapore Stock Exchange (Issue) and has decided to open/launch the Issue on May 31, 2016.

Axis Bank: Axis Bank receives approval from RBI - FIIs / RFPIs can invest up to 62 per cent under Portfolio Investment Scheme (PIS)

ONGC: ONGC Videsh announced completion of acquisition of 15 per cent stake in Russia's second biggest oil field of Vankor from Rosneft for $1.268 billion, says report.

Reliance Industries: Reliance Industries is running at lower capacity at some plants and is undertaking shut down of twonof its petrochemical units at Dahej in Gujarat in response to insufficient water to run the units.

DLF: DLF Utilities Ltd., (DUL), a subsidiary has executed an Amendment Agreement on 30th May, 2016 with PVR Limited in connection with sale of the cinema exhibition business (operated under the brand name of “DT Cinemas”) on a slump sale basis for a revised consideration of Rs.433 crore (Rs. 100 crore of which to be received upon satisfaction of certain Conditions Subsequent).

Thomas Cook (India): Thomas Cook has entered into a partnership with online budget hotels aggregator, Vista Rooms, for providing standardised accommodation experience.

Andhra Bank: Andhra Bank is planning to raise Rs.2,700 crore for 2016-17, as per the financial requirements of the fiscal.

HUL: The company to seek shareholder's approval to transfer funds from General Reserve.

Nucleus Software Exports: The company launches 'mApply', an innovative Mobile solution that enables Australian consumers to apply for loans in minutes

Sun Pharma Q4 net profit at Rs.17136.90 mn

Total Income is Rs. 75992.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 65050.40 million for the quarter ended March 31, 2015.

Sun Pharmaceutical Industries Ltd posted a net profit of Rs. 17136.90 million for the quarter ended March 31, 2016 where as the same was at Rs. 8892.40 million for the quarter ended March 31, 2015. 

Total Income is Rs. 75992.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 65050.40 million for the quarter ended March 31, 2015.

The Group has posted a net profit of Rs. 47159.10 million for the year ended March 31, 2016 where as the same was at Rs. 45393.80 million for the year ended March 31, 2015.

 Total Income is Rs. 287289.50 million for the year ended March 31, 2016 where as the same was at Rs. 278428.40 million for the year ended March 31, 2015.

Sun Pharmaceuticals Industries Ltd is currently trading at Rs. 766.35, down by Rs. 46.15 or 5.68% from its previous closing of Rs. 812.5 on the BSE.

The scrip opened at Rs. 798 and has touched a high and low of Rs. 807.7 and Rs. 765 respectively. So far 7457408(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 195548.76 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 979 on 29-May-2015 and a 52 week low of Rs. 706.4 on 24-Nov-2015. Last one week high and low of the scrip stood at Rs. 842.05 and Rs. 771 respectively.

The promoters holding in the company stood at 54.97 % while Institutions and Non-Institutions held 35.37 % and 9.65 % respectively.

The stock is currently trading below its 200 DMA.

GMR Infrastructure plunges 4% post Q4 results

The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates of Rs. (9535.00) million for the Quarter ended March 31, 2016 as compared to net loss of Rs. (8919.00) million for the quarter ended March 31, 2015.

GMR Infrastructure Ltd stock was lower by 4% at Rs.11. The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates of Rs. (9535.00) million for the Quarter ended March 31, 2016 as compared to net loss of Rs. (8919.00) million for the Quarter ended March 31, 2015. 

The scrip opened at Rs. 11.25 and has touched a high and low of Rs. 11.44 and Rs. 10.89 respectively. So far 10478556(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6941.34 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.6 on 03-Dec-2015 and a 52 week low of Rs. 9.58 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 11.63 and Rs. 10.72 respectively.

The promoters holding in the company stood at 61.61 % while Institutions and Non-Institutions held 27.18 % and 11.21 % respectively.

The stock is currently trading below its 200 DMA.

Tata Motors climbs 9% after strong Q4 nos

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.51,770.60 million for the quarter ended March 31, 2016 as compared to Rs.17,165 million for the quarter ended March 31, 2015.

Tata Motors climbed 9% to Rs.458.45 on BSE. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.51,770.60 million for the quarter ended March 31, 2016 as compared to Rs.17,165 million for the quarter ended March 31, 2015. 

The scrip opened at Rs. 456.3 and has touched a high and low of Rs. 463.9 and Rs. 448.15 respectively. So far 4362860(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 135719.71 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 489.9 on 29-May-2015 and a 52 week low of Rs. 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 421.9 and Rs. 382.35 respectively.

The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.3 % and 25.69 % respectively.

Monsanto India Q4 net profit at Rs.240.80mn

Total Income has increased from Rs. 707.10 million for the quarter ended March 31, 2015 to Rs. 932.10 million for the quarter ended March 31, 2016.

Monsanto India Ltd posted a net profit of Rs. 240.80 million for the quarter ended March 31, 2016 as compared to net loss of Rs. (82.50) million for the quarter ended March 31, 2015. Total Income has increased from Rs. 707.10 million for the quarter ended March 31, 2015 to Rs. 932.10 million for the quarter ended March 31, 2016.

The Company has posted a net profit of Rs. 1012.50 million for the year ended March 31, 2016 as compared to Rs. 1063.00 million for the year ended March 31, 2015. Total Income has decreased from Rs. 5776.90 million for the year ended March 31, 2015 to Rs. 5557.50 million for the year ended March 31, 2016.

SAIL Q4 net loss at Rs.12309.30mn

Total Income has decreased from Rs. 118857.60 million for the quarter ended March 31, 2015 to Rs. 115450.70 million for the quarter ended March 31, 2016.

Steel Authority of India Ltd posted a net loss of Rs. (12309.30) million for the quarter ended March 31, 2016 as compared to net profit of Rs. 3342.20 million for the quarter ended March 31, 2015. Total Income has decreased from Rs. 118857.60 million for the quarter ended March 31, 2015 to Rs. 115450.70 million for the quarter ended March 31, 2016.

The Company has posted a net loss of Rs. (41372.60) million for the year ended March 31, 2016 as compared to net profit of Rs. 20926.80 million for the year ended March 31, 2015. Total Income has decreased from Rs. 467315.50 million for the year ended March 31, 2015 to Rs. 397668.40 million for the year ended March 31, 2016.

Sun Pharma Q4 net profit at Rs.17136.90 mn

Total Income is Rs. 75992.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 65050.40 million for the quarter ended March 31, 2015.

Sun Pharmaceutical Industries Ltd posted a net profit of Rs. 17136.90 million for the quarter ended March 31, 2016 where as the same was at Rs. 8892.40 million for the quarter ended March 31, 2015. 

Total Income is Rs. 75992.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 65050.40 million for the quarter ended March 31, 2015.

The Group has posted a net profit of Rs. 47159.10 million for the year ended March 31, 2016 where as the same was at Rs. 45393.80 million for the year ended March 31, 2015.

 Total Income is Rs. 287289.50 million for the year ended March 31, 2016 where as the same was at Rs. 278428.40 million for the year ended March 31, 2015.

BSE plans to sell up to 30% stake

BSE will hold an annual general meeting (AGM) on 24 June to seek shareholder approval for the listing.

BSE Ltd is planning to sell up to a 30% stake before 31 March 2017 through a so-called offer for sale (OFS) with a possible fresh sale of equity tagged on, according to reports.

Report says that the BSE may raise around Rs.1,300 crore from the sale.

BSE will hold an annual general meeting (AGM) on 24 June to seek shareholder approval for the listing.

 On 14 March, BSE received in-principle approval for its share sale from the Securities and Exchange Board of India (Sebi).

Top 20 stocks in focus today: Sun Pharma,Tata Motors, Rolta India

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

Sun Pharmaceutical Industries:  The pharma company posted a net profit of Rs.17136.90 million for the quarter ended March 31, 2016 whereas the same was at Rs.8892.40 million for the quarter ended March 31, 2015.

Tata Motors: Tata Motors posted a net profit after taxes, minority interest and share of profit of associates of Rs.51770.60 million for the quarter ended March 31, 2016 as compared to Rs.17165 million for the quarter ended March 31, 2015.

Coal India: The company has announced a price hike of 6.29 percent, which may  fetch an additional Rs 3230 crore in sales in FY17. It also cut the price differential for the non-regulated sector to 20% from 35%above the regulated sector.

Bhushan Steel: The company posted a net loss of Rs.6704.7 million for the quarter ended March 31, 2016 as compared to Rs.3607.7 million for the quarter ended March 31, 2015.

Reliance Communications Ltd: RCom posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1770 million for the quarter ended March 31, 2016 as compared to Rs. 2280 million for the quarter ended March 31, 2015.

Maruti Suzuki: Maruti Suzuki has temporarily suspended manufacture of cars at Manesar and Gurgaon starting second half of May 30. The leading automobile player said that the suspension is due to non-availability of components due to fire at Subros.

Bank of India: S&P Global Ratings said that it had lowered its long-term issuer credit rating on India-based Bank of India (BOI) to 'BB+' from 'BBB-'. The outlook is stable.

Patel Integrated Logistics: The logistic company has partnered Saudi Arabia’s Nationwide Group to set up a joint venture to tap the emerging opportunities in the region ahead of the forthcoming Fifa World Cup and the Dubai World Expo.

Aurobindo Pharma: The pharma company posted a net profit after taxes and minority interest of Rs.5628.50 million for the quarter ended March 31, 2016 whereas the same was at Rs.4038 million for the quarter ended March 31, 2015.

Hindustan Copper Ltd: Hindustan Copper posted a net profit of Rs.162.90 million for the quarter ended March 31, 2016.

Monsanto India Ltd: The company posted a net profit of Rs.240.80 million for the quarter ended March 31, 2016 as compared to net loss of Rs. 82.50 million for the quarter ended March 31, 2015.

Steel Authority of India Ltd: SAIL posted a net loss of Rs.12,309 million for the quarter ended March 31, 2016 as compared to net profit of Rs. 3,342 million for the quarter ended March 31, 2015.

Prestige Estates Projects Ltd: Prestige Estates posted a net profit of Rs. 581.40 million for the quarter ended March 31, 2016.

Den Networks Ltd: Den Networks posted a net loss after taxes, minority interest and share of loss of associates of Rs.854.40 million for the quarter ended March 31, 2016 as compared to net loss of Rs.620.80 million for the quarter ended March 31, 2015.

Rolta India: Standard & Poor’s lowered its long-term corporate credit rating on Rolta India Ltd to’CCC-’ from ‘B+’ for missing on interest payment on unsecured notes. The company reportedprofit after tax for Q4 FY-16 at Rs.59.21cr against Rs. 46.87 cr in Q3 FY-16,registering a Q-o-Q growth of 26.3%.

Dhanlaxmi Bank: The bank reported net loss decreased to Rs.131.6 crore in the last quarter of 2015-16 ended March 31, 2016 against that of Rs.266.61 crore in the same period a year ago.

DCM Shriram Industries: DCM Shriram Industries reported a net profit of Rs.23.98 crore for the fiscal fourth quarter that ended on March 31.

Blue Star: Blue Star has reported a standalone net profit of Rs.71.72 crore for the fiscal fourth quarter that ended on March 31, 2016.

Bata India: Bata India reported a 52.31% decline in net profit at Rs.27.86 crore for the fourth quarter ended March.

Amtek Auto: Amtek Auto reported a net loss of Rs.528.69 crore for the quarter ended March 31, 2016.

Unitech Ltd: Unitech posted a net loss after taxes, minority interest and share of loss of associates of Rs.5394.6 million for the quarter ended March 31, 2016 as compared to net loss of Rs.1625.4 million for the quarter ended March 31, 2015.