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Stock Trading Tips - Check out the companies which will be in focus during trade today based on recent and latest news developments.
Maruti Suzuki: Maruti Suzuki said that it will
inspect suspected fault in 20,427 S-Cross vehicle, as per reports. The
automobile firm will suspect fault and replace brake part in 20,427 units of
S-Cross.
ITC Ltd: ITC will be setting up eight new
integrated food processing units by 2019, with investments of over INR 4,000
crore, reports a business daily. The company will announce its Q4 results
today. As per IIFL’s forecast, the company is expected to register a net
revenue of Rs.10,540 crore, growing at 14.9% qoq and 13.4% yoy.
Indian Hotels: Indian Hotels is committed to
returning to profitability by the end of FY17, CEO Rakesh Sarna has been quoted
as saying.
Castrol India: UK's BP has trimmed its stake
in Castrol India after it sold 11.5% stake in the lubricant firm for about
Rs.2,075 crore.
Brigade Enterprises: The company is set to
launch large commercial real estate projects spread over six million square
feet during the fiscal year 2016-17, reports a financial newspaper.
Spicejet: SpiceJet posted a quarterly profit
of Rs.73.2 crore in the fourth quarter of 2015-16 on higher operational
income.During the March quarter of 2015-16, the airline’s operational income
rose to Rs.1,474 crore from Rs.790 crore in the same period previous year.
Future Consumer Enterprise Ltd: The company
reported a consolidated net loss of Rs.25.82 crore for the fourth quarter ended
on March 31, 2016.
HDFC Bank: The bank said it will seek
shareholders' approval to hike the authorised share capital of the bank to
Rs.650 crore. The proposal came as one of the outcomes of the board meeting of
the bank held on Thursday.
Axis Bank: Life Insurance Corporation (LIC) of
India is beginning to exploit its ownership to expand its own business which is
becoming intensely competitive. The state-run insurer is nudging the Axis bank
to sell insurance policies offered by it through its more than 2,500 branches,
testing its existing partnership with Max Life, according to reports.
Gujarat State Petronet: Gujarat State Petronet
Ltd posted a net profit of Rs.997.089 million for the quarter ended March 31,
2016 compared with Rs.670.981 million for the quarter ended March 31, 2015.
Pidilite Industries: The company reported a
48.97% increase in standalone net profit at Rs 115.04 crore for the March
quarter.
Dishman Pharmaceuticals: The company reported
a 29.29% increase in consolidated net profit at Rs 49.92 crore for the March
quarter.
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