Bharti Infratel soars 3.8% post Q1 results

Total income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.

Bharti Infratel soared 3.8% to Rs.376.10. The company has posted a net profit after tax of Rs.7562 million for the quarter ended June 30, 2016 as compared to Rs.4424 million for the quarter ended June 30, 2015. Total Income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 364.8 and has touched a high and low of Rs. 381.3 and Rs. 362.1 respectively. So far 1373793(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 68735.21 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 500 on 05-Aug-2015 and a 52 week low of Rs. 302.1 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs. 371.6 and Rs. 351 respectively.

The promoters holding in the company stood at 71.7 % while Institutions and Non-Institutions held 25.96 % and 2.26 % respectively.

The stock is currently trading above its 200 DMA.

Top 22 stocks in focus: Dr Reddys Lab, HDFC, Ambuja Cements

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

HDFC: The company will announce its Q1 result today.

Glenmark Pharmaceuticals: The company has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Potassium Chloride Extended-Release Tablets USP, 10 mEq (750 mg) and 20 mEq (1500 mg), the generic version of K-Dur (Potassium Chloride) Extended-Release Tablets, 10 and 20 mEq, of Merck Sharp and Dohme Corp (which is no longer being marketed in the United States).
 

Bharti Infratel: The company consolidated profit after tax increased by 71% yoy to Rs.756 crore for the quarter, while the Operating Free Cash Flow grew by 20% yoy to Rs.958 crore for the quarter.

Ambuja Cements: The company has posted a net profit of Rs.3995.10 million for the quarter ended June 30, 2016 as compared to Rs.2263.50 million for the quarter ended June 30, 2015.

Dr Reddys Laboratories: The company has posted a net profit of Rs.4091 million for the quarter ended June 30, 2016 as compared to Rs.4934 million for the quarter ended June 30, 2015.

Sutlej Textiles: The Board of Directors of the Company to consider Raising of funds through issuance of securities including equity shares or equity linked securities, including through a qualified institutional placement.

Bharti Airtel: Bharti Airtel will announce its Q1 result today.

PI Industries: The company has posted a net profit of Rs.1268.60 million for the quarter ended June 30, 2016 as compared to Rs.858.70 million for the quarter ended June 30, 2015.

United Spirits: The company has posted a net profit of Rs.438 million for the quarter ended June 30, 2016 as compared to Rs.116.10 million for the quarter ended June 30, 2015.

IDFC: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.1812.10 million for the quarter ended June 30, 2016 as compared to Rs.2542.10 million for the quarter ended June 30, 2015.

Asian Paints: The company will announce its Q1 result today.

Bajaj Auto: Bajaj Auto will announce its Q1 result today.

Maruti Suzuki: The company's total income has increased from Rs.1,35,834 million for the quarter ended June 30, 2015 to Rs. 1,54,106 million for the quarter ended June 30, 2016.

Neuland Labs: The company has entered into a Joint Development Agreement with Phoenix Embassy Techno Zone Private for development of the land owned by the Company at Nanakramguda.

Bajaj Finserv: The company has posted a net profit of Rs.5375.10 million for the quarter ended June 30, 2016 as compared to Rs.4669 million for the quarter ended June 30, 2015.

Zee Entertainment: The company has posted a net profit of Rs.1703.60 million for the quarter ended June 30, 2016 as compared to Rs.1376.80 million for the quarter ended June 30, 2015.

Educomp Solutions: Educomp Solutions Limited has accorded its approval to divest its entire shareholding in Vidya Mandir Classes Limited (being 67% shareholding of VMCL), a subsidiary of the Company and Educomp Learning Hour Private Limited, a step down subsidiary of the Company (hereinafter collectively referred to as the "Sale Share")- by executing the share purchase agreement dated July 25, 2016 with the buyer.

TVS Motor Company: The company has posted a net profit of Rs.1212.50 million for the quarter ended June 30, 2016 as compared to Rs.1000.80 million for the quarter ended June 30, 2015.

ACC: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.2391.20 million for the quarter ended June 30, 2016 as compared to Rs.1334.60 million for the quarter ended June 30, 2015.

IDFC Bank Ltd: The bank said its fiscal first quarter profit rose 60% to Rs.264.76 crore from Rs.165.06 crore in the preceding March quarter.

Symphony: The company's total income has increased by 37.7% at Rs.152.6 crore for the quarter against Rs.110.8 crore in the corresponding quarter of the previous year.

Welspun India: The company's revenue at Rs. 15,926 million vs. Rs.13,931 million; 14.3% growth YoY driven by higher volumes across products and higher mix of innovative and branded products.

Shilpa Medicare: Shilpa Medicare Ltd has informed BSE that the company had an audit conducted by the United States Food & Drug Administration (USFDA) at the SEZ Formulations facility situated at Jadcherla, near Hyderabad, from July 18, 2016 to July 26, 2016.

Karur Vysya Bank: The net profit of the bank surged 8.7% to Rs.146.3 crore in Q1 FY17 as against Rs.134.6 crore yoy.

Swaraj Engines: Swaraj Engines reported 21.8% increase in net profit at Rs.19 crore for the quarter ended June 30, 2016 against Rs.15.6 crore in the corresponding quarter a year ago.

Allahabad Bank: Reserve Bank of India in exercise of power conferred under Section 47 (A) (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949, has imposed a penalty of Rs.2 crore on the Bank.

HCC: Hindustan Construction Company awarded a prestigious contract worth Rs.1749.59 crore by IRCON International Ltd to construct two tunnels and a bridge on Katra - Banihal Section of Udhampur - Srinagar - Baramulla under the new BG Railway Line Project.

Tata Steel Q1FY17 sales marginally up by 2.15 MT

Saleable Steel production is 2.34 million tonnes (up by 4.8% y-o-y) and Sales is 2.15 million tonnes (up by 0.1% y-o-y) for Ql FY17.

Tata Steel Limited registered Hot Metal and Crude Steel production of 3.01 million tonnes (up by 16.5% yoy) and 2.52 million tonnes (up by 7.6% yoy) respectively for Q1FY17. Saleable Steel production is 2.34 million tonnes (up by 4.8% yoy) and Sales is 2.15 million tonnes (up by 0.1% yoy) for Ql FY17.


Production & Sales Highlights

• Best-ever Jamshedpur Plant Hot Metal production of 2,665 KT in Q1FY17 (Previous Best: 2,588 KT in Q1 FY16)
• Best-ever Jamshedpur Plant Sinter production of 2,024 KT in Q1 FYl 7 (Previous Best: 1,804 KT in Q1 FY16)
• Best-ever Jamshedpur Plant Pellet production of 1,668 KT in Q1 FY17 (Previous Best: 1,473  KT in Q1 FY16)
• Commercial production started at Kalinganagar Plant from June 1, 2016

Stock price:

Tata Steel Ltd is currently trading at Rs. 364.75, down by Rs. 2.9 or 0.79% from its previous closing of Rs. 367.65 on the BSE.

The scrip opened at Rs. 370 and has touched a high and low of Rs. 370.25 and Rs. 364.25 respectively. So far 2022210(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 35706.74 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 379.25 on 18-Jul-2016 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 374.7 and Rs. 356.5 respectively.

The promoters holding in the company stood at 32.06 % while Institutions and Non-Institutions held 41.35 % and 26.59 % respectively.

The stock is currently trading above its 50 DMA.

Yamaha establishes its second R&D Centre in India

The new centre is located in the premises of India Yamaha Motor’s plant in Kanchipuram district, Tamil Nadu.

Yamaha Motor Research & Development India Pvt. Ltd. (YMRI) announced the establishment of its second R&D Centre in India today. The new Centre is located in the premises of India Yamaha Motor’s plant in Kanchipuram district, Tamil Nadu. The new Centre has been established to ensure optimum utilization of resources at both the locations and focus towards the enhancement of the capability and the capacity. An investment of Rs. 66 crores has been made to set-up the center and it is part of the Rs. 1,500 crore investment that Yamaha has already committed to ‘Make in India’ by 2018.
 
On this occasion, Yasuo Ishihara, Managing Director, YMRI, said, “The objective of the new Centre is to develop models for India and eventually, the Global market. The Chennai Centre shall be the second main pillar for YMRI. By collaboration with the current development power in Surajpur center, we aim to strengthen more of the cost reduction and attractive product development in the Chennai center. The key role of this India Integrated Development Center is to develop optimized specifications for the Indian market.”

Yes Bank beats estimates! Q1 net profit up 32.8% at Rs.731 crore

The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015.

Yes Bank Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:

The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 37970.20 million for the quarter ended June 30, 2015 to Rs. 47628.30 million for the quarter ended June 30, 2016.

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “YES BANK has delivered another highly satisfactory quarter of financial performance reflected in strong & quality growth, sustained profitability and continued resilience in asset quality.

The Bank continues to witness a robust CASA growth with the CASA ratio improving to a healthy 29.6% from 23.4% a year ago demonstrating significant momentum in the underlying Retail franchise platforms, as well as ongoing mandate in several corporate relationship groups. Further, YES BANK has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to setup an Asset Management Company (AMC) which will further deepen our value proposition for our retail customers.

Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise, the Bank is well poised to capture Market share across Retail and Corporate segments at an enhanced pace.”

Profit & Loss Account

• Net Interest Income (NII): NII for Q1FY17 increased by 24.2% y-o-y to Rs.1,316.6 Crores on account of strong growth in advances and CASA deposits. Net interest Margin (NIM) at 3.4% for Q1FY17 up from 3.3% for Q1FY16.
• Non Interest Income: Non Interest Income increased by 65.2% y-o-y to Rs.900.5 Crores in Q1FY17.
• Total Net Income: Total Net Income increased by 38.1% y-o-y to Rs.2,217.1 Crores in Q1FY17.
• Operating and Net profit: Operating profit for Q1FY17 increased by 43.9% y-o-y to Rs.1,306.8 Crores. Net Profit in Q1FY17 was up 32.8% y-o-y to Rs.731.8 Crores.
• Shareholders’ Returns: The Bank delivered RoA of 1.7% and RoE of 20.7% for Q1FY17.

Balance Sheet

• Deposits: Total Deposits grew by 28.6% y-o-y to Rs.1,22,581.1 Crores as at June 30, 2016. The Bank’s Total Assets grew by 27.5% y-o-y to Rs.1,77,228.9 Crores as at June 30, 2016. The Bank’s CD ratio stood at 86.4% as at June 30, 2016.
• Current and Savings Account (CASA) deposits grew by 63.0% y-o-y to Rs.36,288.3 Crores increasing the CASA ratio to 29.6% as at June 30, 2016 up from 23.4% as at June 30, 2015. Further, SA deposits grew by 81.6% y-o-y to Rs.25,186.5 Crores from Rs.13,867.4 Crores as at June 30, 2015.

Advances: Total Advances grew by 33.0% y-o-y to Rs.105,942.0 Crores as at June 30, 2016.
Corporate Banking accounted for 67.5% of the Advances portfolio, while Retail & Business Banking (MSME) constituted 32.5%.

Asset Quality

• Bank continues to show resilience on all Asset Quality parameters:
• 1. NPA – Credit Costs at 15 bps for Q1FY17 Gross Non Performing Advances (GNPA) as a proportion of Gross Advances was at 0.79%
• (Rs.844.6 Crores) while Net Non Performing Advances (NNPA) as a proportion of Net advances was stable at 0.29% (Rs.302.4 Crores) as at June 30, 2016. Bank’s specific loan loss
• Provision Coverage was at 64.2% as at June 30, 2016.

Stock Price:

Yes Bank Ltd is currently trading at Rs. 1182, down by Rs. 18.25 or 1.52% from its previous closing of Rs. 1200.25 on the BSE.

The scrip opened at Rs. 1205 and has touched a high and low of Rs. 1214 and Rs. 1180.1 respectively. So far 2202579(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 50550.14 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1210.05 on 26-Jul-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1210.05 and Rs. 1147.75 respectively.

The promoters holding in the company stood at 21.88 % while Institutions and Non-Institutions held 66.13 % and 11.98 % respectively.

The stock is currently trading above its 50 DMA.

Canara Bank jumps 4.3% post Q1 nos

The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.

Canara Bank jumped 4.3% to Rs.264.50. The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.

The scrip opened at Rs. 250 and has touched a high and low of Rs. 265.65 and Rs. 246.05 respectively. So far 2372622(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13775.68 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.85 on 18-Aug-2015 and a 52 week low of Rs. 156.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 264 and Rs. 237.75 respectively.

The promoters holding in the company stood at 66.3 % while Institutions and Non-Institutions held 25.78 % and 7.92 % respectively.

Glenmark Pharma receives ANDA approval and other corporate news

Check out the latest corporate news of the day.

Glenmark Pharmaceuticals has received final approval from the US health regulator USFDA for triamcinolone acetonide ointment, used in treatment of various skin conditions.

Government has kick started the process to sell 15% stake in NBCC and has invited merchant bankers to manage the share sale. 

Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GPSC) stake in the under-construction Rs45bn Mundra LNG import terminal in Gujarat. 

Coal India (CIL) will not revise its share buyback offer price of Rs335/share even if the stock crosses the offered price at the bourses. This would mean the government, its majority shareholder, will earn the entire Rs36.50bn earmarked for the offer.

Hindustan Unilever (HUL) plans to launch a range of baby care products under its Dove brand in the next few months to challenge the dominance of Johnson & Johnson in the Rs40bn market. 

The Reserve Bank of India has imposed a penalty of Rs50mn on Bank of Baroda in the alleged Rs60bn forex related irregularities that came to light in October last year. 

Bank of Baroda (BoB) has cut an unusual property deal with Kohinoor Mills, which owns a prized property in Mumbai.

Ahluwalia Contracts (India) has bagged orders worth Rs4.73bn for construction of institutional and residential buildings. 

GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices. 

Thomas Cook (India) has entered into a partnership with Matrimony Bazaar to tap the 'romantic leisure travel' segment which is seeing an "exponential" growth.

SWIFT said ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally. 

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation Limited for Rs5.33bn for Nagpur metro rail project

Progress on Vedanta-Cairn India merger is credit positive for Vedanta Resources

Vedanta Resources' ratings have been under pressure as weak commodity prices have affected group earnings. This led to Moody's downgrade of Vedanta Resources' CFR to B2 negative in March this year.

Moody's Investors Service says that Vedanta Ltd.'s(unrated) revised merger terms with Cairn India Ltd.(unrated) have no immediate impact on Vedanta Resources plc's B2 corporate family rating (CFR), Caa1 senior unsecured notes rating and negative outlook.

While the revised terms entail a rise in debt/cash out flow of an estimated $447 million compared to $120 million under the original terms they will give Vedanta Ltd. complete access to Cairn India's large cash holdings, as well as provide the flexibility to reduce debt, thereby lowering leverage and reducing subordination within the group.

As such, the successful execution of the merger, to the extent that it leads to de-leveraging, will be credit positive. Positive rating implications could emerge if adjusted leverage improved to less than 4.5x on a sustained basis.

Should the merger proceed as announced subject to approval, in a cashless all-stock transaction minority shareholders would receive one equity share and four 7.5% preference shares in Vedanta Ltd. for every share held in Cairn India. Shareholders will have the option of redeeming the preference shares within 30 days, or holding until maturity for 18 months.

Following completion of the transaction, Vedanta Resources' shareholding in its subsidiary Vedanta Ltd. will fall to 50.1% from 62.9% . At end-June 2016, Cairn India had $3.5 billion in cash and no external debt outstanding.

"Although delayed from the initial announcement in June 2015, the revised terms are a step forward in the merger proceedings the merger will provide Vedanta Ltd. better access to Cairn India's large cash balances of $3.5 billion, as previous access was only possible through the up-streaming of dividends," says Kaustubh Chaubal a Moody's Vice President and Senior Analyst.

"We also view the proposed Cairn India merger as a major step in the simplification of Vedanta Resources' complex structure and, in particular, in addressing some of the risks associated with the group's thinly capitalized, but highly leveraged parent company," adds Chaubal who is also Moody's Lead Analyst on Vedanta.

We expect capacity ramp-ups, continuing cost rationalization initiatives, reductions in absolute debt levels and increases in commodity prices from the troughs in January 2016 to drive the improvement in adjusted leverage of 4.3x - 4.8x by March 2017 from 5.5x at March 2016. Furthermore, while debt will potentially rise by ~$447 million, with preference shares issued as per the revised merger terms, access to Cairn India's $3.5 billion in cash and future cash flow will enable the group to repay part of its debt, further improving consolidated leverage.

Moreover, the structural subordination of the senior unsecured debt at Vedanta Resources remains. Although the merger will remove one layer between Vedanta Resources' senior unsecured debt and Cairn India's cash, Vedanta Resources will remain without operating assets and dependent on the up-streaming of dividends from the operating and intermediate companies. In addition, with its shareholding in Vedanta Ltd. falling to 50.1% from 62.9%, cash leakage to minority shareholders will reduce Vedanta Resources' access to Vedanta Ltd.'s profits.

To narrow the notching between the B2 CFR and the Caa1 senior unsecured debt rating, Moody's would look for total priority debt to fall below 35%-40% of total consolidated debt, and for total priority debt to fall to less than 15%-20% of total group assets. As of 31 March 2016, the ratios stood at 54.7% and 29.3%, respectively. These ratios apart, we will also look at holding company liquidity and coverage metrics to consider narrowing the notching.

Debt reduction following the merger will reduce rating pressure, although the merger increases the risk that Vedanta Ltd. will ultimately be held accountable for Cairn India's $3.2 billion disputed tax liability.

Vedanta Resources' ratings have been under pressure as weak commodity prices have affected group earnings. This led to Moody's downgrade of Vedanta Resources' CFR to B2 negative in March this year.

Brexit vote puts UK Banks' resilience to the test: Fitch

The Stable Outlooks on most rated UK banks reflect our view that they have built solid capital buffers and have strong liquidity and stable funding, which render them resilient to moderate shocks.

The outcome of the EU referendum will create a challenging macro-environment with negative implications for UK banks' domestic operations, says Fitch Ratings. The uncertainty following the referendum will result in an abrupt slowdown in near-term GDP growth, although we expect the impact to be manageable at the banks' rating levels. But ratings could be downgraded if the economic effect of Brexit is either protracted or particularly severe.

The Stable Outlooks on most rated UK banks reflect our view that they have built solid capital buffers and have strong liquidity and stable funding, which render them resilient to moderate shocks. We expect pressure on bank profitability from "lower for longer" base rates that further squeeze margins, a slowdown in business volume growth, and higher loan impairment charges (LICs). Our ratings already factored in deteriorating asset quality caused by a cyclical slowdown, but this is likely to be exacerbated. Pressure on operating costs will continue to weigh on profitability, but we think conduct fines have peaked at most banks, providing some headroom to offset revenue weakness and higher LICs.

UK banks have been operating in a supportive environment for at least three years. Falling unemployment and prolonged low base rates have resulted in low volumes of new impaired loans. Banks have also taken advantage of the benign economic conditions and rising investor appetite to dispose of legacy non-core assets, and boosted the reserve coverage of older impaired loans. These have gradually weighed less heavily on balance sheets, so tail risk has reduced ahead of the anticipated economic slowdown.

UK banks are exposed to the residential and commercial property markets, which makes their performance vulnerable to falling asset values. Low base rates help affordability, but a material rise in unemployment, reduced investor appetite, and inflationary pressure on consumer prices would have a negative impact on banks' loan books and result in higher LICs.

The UK banks' capitalisation should enable them to withstand moderate deterioration in the operating environment at their current rating level. More stringent regulatory requirements, partly based on a series of stress tests undertaken by the Bank of England, have been aimed at ensuring that UK banks are able to withstand severe shocks. Strong liquidity, including access to liquidity from the Bank of England, should enable banks to withstand periods of market dislocation where wholesale funding is not available or is expensive.

Top 21 stocks in focus: Maruti Suzuki, Canara Bank, HDFC Bank

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

Dr Reddy’s: The pharma company will announce its Q1 numbers today.

HDFC Bank: RBI has imposed a penalty of Rs.2 crore on the Bank on account of pendency in receipt of bills of entry relating to advance import remittances made and lapses in adhering to KYC/AML guidelines in this respect.

Maruti Suzuki: The auto company will announce its Q1 numbers today.

Canara Bank: The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.

Tata Motors: The company is desirous of offering the fourth series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 400 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on July 28.

Bajaj Corp: Bajaj Corp recorded a rise of 10.1% in its net profit at Rs.52.2 crore for the quarter ended June 30, 2016 as compared to Rs.47.4 crore for the quarter ended June 30, 2015.

PNB: Reserve Bank of India imposed an aggregate penalty of Rs.3 crore on the Bank in exercise of powers conferred under Section 47 (A) (1) (c) read with Section 46 (4) (i) of Banking Regulation Act, 1949.

PNC Infratech: The company has bagged a project worth Rs.232.91 crore for four-laning of a road in Uttar Pradesh.

Eveready Industries: Eveready Industries India Ltd reported a rise of 10.3% in its net profit at Rs.22.4 crore for the quarter ended June 30, 2016 as compared to Rs.20.3 crore for the quarter ended June 30, 2015.

Indiabulls Housing Finance: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015.

Eicher Motors: The company has made a proposal to the Central Government for seeking its approval towards re-appointment of Siddhartha Vikram Lal (Non-Resident) as Managing Director of the Company for the period of five years starting from May 1, 2016 to April 30, 2021, as per media report.

ZEE Ent: The company will announce its Q1 results today.

Greenply Industries: The company recorded a rise of 26% in its net profit at Rs.34.1 crore for the quarter ended June 30, 2016 as compared to Rs.27 crore for the quarter ended June 30, 2015.

Suven Life Sciences: Suven is exhibiting and presenting several exciting new results and data presentations from Suven’s portfolio of investigational neuroscience New Chemical Entities (NCEs) are being presented at Alzheimer's Association International Conference (AAIC) being held in Toronto, Canada during July 24th to 28th, 2016.

Indian Oil: The oil major is in talks to buy debt-laden Gujarat State Petroleum Corp's stake in the under-construction Rs. 4,500 crore Mundra LNG import terminal in Gujarat.

UltraTech Cement: The company is proposing to issue 7.57%, 3,000 Secured Redeemable Non-Convertible Debentures on private placement basis.

Kalyani Steels: The company recorded a rise of 62% in its net profit at Rs.47 crore for the quarter ended June 30, 2016 as compared to Rs.29 crore for the quarter ended June 30, 2015.

GHCL: The company's total income has increased by 17.3% at Rs.730.8 crore for the quarter against Rs.622.8 crore in the corresponding quarter of the previous year.

K.P.R. Mill: K.P.R. Mill Ltd recorded a rise of 10.7% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.

Pincon Spirit: Pincon Spirit Ltd recorded a rise of 59.6% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.

ITC: The Board of Directors at the meeting held on July 22, 2016, redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect.