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HPCL in spotlight after Q3 results
Feb 14,2017

HPCLs net profit rose 52.7% to Rs 1590.31 crore on 12.9% rise in net sales to Rs 48485.57 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017. Based on the approval received from Government of India, HPCL accounted for budgetary support of Rs 263.88 crore in Q3 December 2016 compared with Rs 441.32 crore in Q3 December 2015 towards under recovery on sale of PDS SKO (Kerosene). The government decontrolled petrol & diesel prices. However, public sector oil marketing companies (PSU OMCs) sell liquified petroleum gas (LPG) and kerosene at controlled prices.

Petronet LNGs net profit surged 132.5% to Rs 397.47 crore on 23.9% rise in net sales to Rs 5976.58 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

GMR Infrastructure reported net loss of Rs 381.93 crore in Q3 December 2016 compared with net profit of Rs 40.01 crore in Q3 December 2015. Total income fell 24.35% to Rs 225.97 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

MMTCs net profit surged 274.2% to Rs 74.43 crore on 37.8% rise in net sales to Rs 4939.65 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

On a consolidated basis, Prestige Estates Projects net profit fell 75.51% to Rs 68.30 crore on 0.09% rise in total income to Rs 1253.52 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

SKF India said that its board approved a proposal for buy-back of fully paid up equity shares of the company from all the existing shareholders of the company. The company proposes to buyback around 26 lakh equity shares at Rs 1,500 each, aggregating to an amount not exceeding Rs 390 crore. The board noted the intention of members of the promoter and promoter group to participate in the proposed buyback. The announcement was made after market hours yesterday, 13 February 2017.

Container Corporation of India said that its board recommended issuing one bonus share for every four existing equity shares held in the company (1:4). The announcement was made after market hours yesterday, 13 February 2017.

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Idea Cellular in focus after Q3 results
Feb 13,2017

On a consolidated basis, Idea Cellular reported net loss of Rs 383.88 crore in Q3 December 2016 compared with net profit of Rs 659.36 crore in Q3 December 2015. Net sales fell 3.73% to Rs 8660.74 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 11 February 2017.

On a consolidated basis, Reliance Capitals net profit fell 11.06% to Rs 209 crore on 68.47% increase in total income to Rs 3964 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 10 February 2017.

Mahanagar Gas net profit rose 30.16% to Rs 99 crore on 2.05% decline in total income from operations to Rs 554.34 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 11 February 2017.

PTC Indias net profit fell 9.08% to Rs 42.57 crore on 7.89% increase in total income to Rs 3132.48 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Sunday, 12 February 2017.

Jaiprakash Associates reported net loss of Rs 1095.02 crore in Q3 December 2016, higher than net loss of Rs 827.26 crore in Q3 December 2015. Net sales fell 23% to Rs 1512.91 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 10 February 2017.

Hindustan Motors said it sold the Ambassador brand and certain related rights to Peugeot S.A for Rs 80 crore. The announcement was made after market hours on Friday, 10 February 2017.

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BPCL, Power Grid in focus after declaring good Q3 earnings
Feb 10,2017

Bharat Petroleum Corporation (BPCLs) net profit rose 47.04% to Rs 2271.94 crore on 15.55% increase in total income to Rs 54093.75 crore in Q3 December 2016 over Q3 December 2015. The result was announced after trading hours yesterday, 9 February 2017.

Power Grid Corporation of Indias net profit rose 20.16% to Rs 1930.02 crore on 23.94% increase in total income to Rs 6787.51 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Aurobindo Pharmas consolidated net profit rose 6.3% to Rs 578.59 crore on 11.41% increase in total income to Rs 3914.10 crore in Q3 December 2016 over Q3 December 2015. The result was announced after trading hours yesterday, 9 February 2017.

Cairn Indias consolidated net profit rose 1376.11% to Rs 603.73 crore on 8.74% increase in total income to Rs 2594.41 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Bosch, GAIL (India), Mahindra & Mahindra, State Bank of India and Tata Power Company among others will declare their Q3 results today, 10 February 2017.

Bata Indias net profit fell 15.86% to Rs 37.71 crore on 4% increase in total income to Rs 659.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Steel Authority of India (Sail) reported net loss of Rs 794.84 crore in Q3 December 2016, as compared with net loss of Rs 1481.06 crore in Q3 December 2015. Total income rose 25.26% to Rs 11368.15 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

ICRAs board of directors approved buyback of a maximum of 88,888 equity shares for price not exceeding Rs 4500 crore and total buyback consideration of Rs 40 crore. The announcement was made after market hours yesterday, 9 February 2017.

ITI said that the board of directors has considered and approved the issue and allotment of 8 crore equity shares of Rs 10 each at par amounting to Rs 80 crore to President of India. The allotment of equity shares is made pursuant to BIFR order dated 8 January 2013, sanctioning the revival scheme of the company. The announcement was made after market hours yesterday, 9 February 2017.

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Cipla, Hero MotoCorp in focus after declaring Q3 results
Feb 09,2017

Ciplas consolidated net profit rose 44% to Rs 374.83 crore on 18.08% rise in total income to Rs 3800.70 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Hero MotoCorps net profit fell 2.55% to Rs 772.05 crore on 10.98% drop in total income to Rs 7030.57 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Union Bank of Indias net profit rose 32.41% to Rs 104 crore on 8.94% rise in total income to Rs 9589.45 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Among corporate news, BPCL, Lupin and Power Grid Corporation of India will declare their Q3 results today, 9 February 2017.

Thermaxs consolidated net profit fell 30.3% to Rs 54.77 crore on 11.83% drop in total income to Rs 998 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Indraprastha Gass net profit rose 36.81% to Rs 144.81 crore on 2.29% rise in total income to Rs 961.98 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Reliance Powers consolidated net profit rose 14.37% to Rs 275.70 crore on 16.73% rise in total income to Rs 2984.56 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

SKF India scheduled a board meeting on 13 February 2017, to consider a proposal for buyback of equity shares. The announcement was made after market hours yesterday, 8 February 2017.

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Banking, auto, realty stocks in spotlight ahead of RBI policy meeting
Feb 08,2017

Interest rate sensitive banking, auto and realty stocks will be watched ahead of the Reserve Bank of Indias (RBI) monetary policy meeting today, 8 February 2017. The RBI is expected to cut policy rates by 25 basis points. The RBI had left its benchmark repo rate unchanged at 6.25% during the meeting held on 7 December 2016. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance.

Among corporate news, Cipla, Hero MotoCorp, NTPC and Union Bank of India will declare their Q3 results today, 8 February 2017.

Tata Steel reported consolidated net profit of Rs 231.90 crore in Q3 December 2016 in Q3 December 2016 as compared with net loss of Rs 2747.72 in Q3 December 2015. Total income rose 13.64% to Rs 28143.51 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Titan Companys net profit rose 13.09% to Rs 255.75 crore on 13.43% rise in total income to Rs 3904.82 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

NHPCs net profit rose 25.87% to Rs 214.69 crore on 4.04% fall in total income to Rs 1617.59 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Blue Dart Express net profit dropped 46.31% to Rs 28.17 crore on 9.93% rise in total income to Rs 726.57 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Procter & Gamble Hygiene and Health Cares net profit rose 2.81% to Rs 150.62 crore on 2.33% fall in total income to Rs 664.05 crore in Q2 December 2016 over Q2 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

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NBCC (India) may gain after new order win
Feb 07,2017

NBCC (India) secured total business of Rs 187.49 crore in January 2017. The company also announced signing Memorandum of Understanding with Ministry of Tourism and State Government of Jammu and Kashmir. The announcement was made after market hours on Monday, 6 February 2017.

Among results of prominent companies, Tata Steel, Bhel and Punjab National Bank announce their Q3 results today, 7 February 2017.

Rural Electrification Corporation (REC) announced that it entered into memorandums of understanding (MoUs) with Karnataka Power Corporation (KPCL) and Bangalore Electricity Supply Company (BESCOM) for extending financial assistance to the tune of Rs 39121 crore for the next five years (i.e. till March 2022). REC will provide financial assistance upto Rs 27121 crore to KPCL and upto 12000 crore to BESCOM. The announcement was made after market hours on Monday, 6 February 2017.

Titagarh Wagons said that the company has received letter of intent from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two coastal research vessels valued at about Rs 100 crore. The announcement was made after market hours on Monday, 6 February 2017.

Poly Medicure said that the board of directors of the company has recommended issue of 1:1 bonus shares. The announcement was made after market hours on Monday, 6 February 2017.

Astral Poly Techniks consolidated net profit rose 56.36% to Rs 32.68 crore on 12.08% rise in total income to Rs 451.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

Gujarat State Petronets net profit fell 4.27% to Rs 118.56 crore on 2.84% rise in total income to Rs 284.52 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

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ACC, Dr Reddys Laboratories in focus after declaring quarterly results
Feb 06,2017

Dr Reddys Laboratories consolidated net profit fell 15.95% to Rs 492.30 crore on 5.43% fall in total income to Rs 3763.50 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 4 February 2017.

ACCs consolidated net profit fell 44.98% to Rs 54.34 crore on 6.13% fall in total income to Rs 2751.57 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours on Friday, 3 February 2017.

Lupin announced that it has received final approval for its Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% from the United States Food and Drug Administration (FDA) to market a generic equivalent of Mylan Pharmaceuticals Inc.s Triamcinolone Acetonide Cream, 0.025% and 0.1%. Lupin shall commence promoting the product shortly. The announcement was made after market hours on Friday, 3 February 2017.

Lupins Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% is an AT rated generic equivalent of Mylan Pharmaceuticals, Inc.s (formerly held by Delcor Asset Corporation) Triamcinolone Acetonide Cream, 0.025% and 0.1%. Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses.

Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5%. had US sales of USD 55.7 million (IMS MAT Sep 2016).

Grasim Industries said that the directors vide a circular resolution passed on 3 February 2017, approved the proposal to increase the limits for investment in the equity share capital of the company by Registered Foreign Portfolio Investors (including FIIs) from 30% to 49% of the companys total paid-up equity share capital of the company. The announcement was made after market hours on Friday, 3 February 2017.

Divis Laboratories reported 8.74% rise in net profit to Rs 268.32 crore on 13.84% rise in total income to Rs 994.95 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 4 February 2017.

Jet Airways (India)s net profit dropped 69.52% to Rs 142.38 crore on 2.34% rise in total income to Rs 5768.47 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Friday, 3 February 2017.

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Axis Bank may gain on fund raising plans
Feb 03,2017

Axis Bank announced that the board of directors of the bank has passed a resolution approving the allotment of 3 years senior floating rate notes aggregating to $10 million under the banks MTN Programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 2 February 2017.

ACC announces Q4 results today, 3 February 2017.

Glenmark Pharmaceuticals consolidated net profit rose 143.16% to Rs 477.03 crore on 43.2% increase in total income to Rs 2549.57 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Shares of Tata Power Company and Nelco will be in focus after Tata Power Company said that the company has completed the formalities for purchase of defence business of unattended ground sensors (UGS) of Nelco. The announcement was made after market hours yesterday, 2 February 2017. Tata Power Company had on 28 January 2015 entered into a binding understanding with Nelco to purchase its defence business of UGS.

Essel Propacks consolidated net profit fell 7.62% to Rs 37.95 crore on 16.98% increase in total income to Rs 607.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

BSE will be in focus. Shares of BSE will be listed on the bourses today, 3 February 2017. The issue price of initial public offer (IPO) of BSE was set at Rs 806 per share. The IPO of BSE had received bids for 55.3 crore shares compared to 1.07 crore shares on offer, as per the NSE data. The IPO was subscribed 51.22 times. The issue opened for bidding on 23 January 2017 and closed on 25 January 2017. BSE owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, formed on 9 July 1875.

Tinplate Company of Indias net profit fell 80.64% to Rs 4.46 crore on 6.13%rise in gross total income from operations to Rs 222.44 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Stylam Industries announced that the company has proposed to sale of commercial space having covered area of 13,500 square meter facing Golf Course, IT Park, Panchkula. This has been decided by board of directors to focus on its core business of the company. The announcement was made after market hours yesterday, 2 February 2017.

Aegis Logistics consolidated net profit rose 25.53% to Rs 37.56 crore on 136% rise in net total income from operations to Rs 1248.05 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Transport Corporation of Indias net profit rose 44.7% to Rs 16.9 crore on 16.2% rise in total revenues to Rs 451.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Subros announced that it has won a major order from Indian Railways, Diesel Locomotive Works, Varanasi for which supplies are to be executed. The announcement was made after market hours yesterday, 2 February 2017.

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Tata Motors may decline after registering drop in sales in January
Feb 02,2017

Tata Motors passenger and commercial vehicle total sales fell 1% to 46,349 vehicles in January 2017 over January 2016. The companys domestic sales of Tata commercial and passenger vehicles registered flat growth at 41,428 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Tata Motors passenger vehicles, in the domestic market, recorded 21% rise in sales at 12,907 units in January 2017 over January 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa. The overall commercial vehicles sales in January 2017, in the domestic market were at 28,521 units, lower by 7% over January 2016.

The construct segment continued to grow strongly by 26.5% Y-o-Y, as road construction continues to drive demand, along with coal & iron ore mining also gaining momentum. IM&HCV Bus sales grew by 12%. The M&HCV segment is witnessing a surge in enquiry levels, after a weak Q3. The companys sales from exports was fell 13% at 4,921 units in January 2017 over January 2016.

Hero MotoCorps sales fell 13.53% to 4.87 lakh units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017. There is a positive change in the market sentiments, which is reflected in the improved offtake, and the company expects industry sales to gradually return towards normalcy.

Mahindra & Mahindra (M&M)s total tractor sales rose 6% to 15,909 units in January 2017 over January 2016. Domestic sales rose 3% to 14,776 units in January 2017 over January 2016. Exports jumped 71% to 1,133 units January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

M&Ms total sales fell 10% to 39,303 units in January 2017 over January 2016. Domestic sales declined 9% to 37,042 units in January 2017 over January 2016. Exports dropped 27% to 2,261 units January 2017 over January 2016.

Wipro announced that it has joined the Industrial Internet Consortium (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). This membership provides Wipro opportunities to engage and innovate with multi-partner testbeds and adopt best practices to drive digital transformation for customers. The announcement was made after market hours yesterday, 1 February 2017.

The Industrial Internet Consortium coordinates ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data. It uses common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.

Coal India said that production of the company and its subsidiaries was 92% of targeted production at 55.99 million tonnes in January 2017. The offtake was 92% of targeted offtake at 51.35 million tonnes in January 2017. The announcement was made before market hours today, 2 February 2017.

SML Isuzus sales rose 19.6% to 1,002 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Dishman Pharmaceuticals and Chemicals announced that the company has received the Establishment Inspection Report (EIR) from the USFDA for Bavla facility on 1 February 2017. Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on 9 July 2016. Thus, the companys facilities in Bavla, Naroda and Switzerland continue to be approved by the USFDA. The announcement was made before market hours today, 2 February 2017.

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ICICI Bank may drop after reporting weak Q3 results
Feb 01,2017

Stock and sector specific actions will be witnessed based on the announcements in Union Budget 2017-18, which will be presented by the finance minister Arun Jaitley later in the day today, 1 February 2017.

Among prominent companies, Eicher Motors announces Q3 results today, 1 February 2017.

ICICI Banks net profit dropped 19.09% to Rs 2441.82 crore on 0.04% fall in total income to Rs 17556.41 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ICICI Banks gross non-performing assets (NPAs) stood at Rs 37716.73 crore as on 31 December 2016 as against Rs 32178.60 crore as on 30 September 2016 and Rs 21149.19 crore as on 31 December 2015. The ratio of gross NPAs to gross advances stood at 7.91% as on 31 December 2016 as against 6.82% as on 30 September 2016 and 4.72% as on 31 December 2015. The ratio of net NPAs to net advances stood at 4.35% as on 31 December 2016 as against 3.57% as on 30 September 2016 and 2.28% as on 31 December 2015.

ICICI Banks CASA ratio was 49.9% at 31 December 2016 compared to 45.7% at 30 September 2016 and 45.2% at 31 December 2015. The banks net interest income fell 1.65% to Rs 5363 crore in Q3 December 2016 over Q3 December 2015.

Oil & Natural Gas Corporation (ONGCs) net profit rose 196.91% to Rs 4352.33 crore on 8.53% rise in total income to Rs 20906.46 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ONGC will be investing $66.05 million or Rs 474.15 crore towards development of North West B-173A field to enhance production from its Western offshore.

Idea Cellular announced its arrival into the digital world with the launch of 3 new exciting Mobile Apps - Idea Music Lounge, Idea Movie Club, and Idea Game Spark - giving birth to a n++Digital Idean++. The new suite of integrated Digital Apps present one of the best range of entertainment content for its nearly 200 million customers. The announcement was made after market hours yesterday, 31 January 2017.

State Bank of Bikaner and Jaipur announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 8.2%, one month MCLR was fixed at 8.3%, three month MCLR was fixed at 8.4%, six months MCLR was fixed at 8.5% and one year MCLR was fixed at 8.6%. MCLR on two-year loans will be 8.7% and for three-year loans the rate will be 8.8%. The announcement was made after market hours yesterday, 31 January 2017.

Centrum Capital announced that the board of the companys subsidiary, Centrum Retail Services Limited has approved sale of a minority stake in its wholly owned subsidiary company, CentrumDirect Limited, to NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India Private Limited, subject to obtaining all government/regulatory approvals including approval from the Competition Commission of India (CCI). The announcement was made before market hours today, 1 February 2017.

Cupids net profit rose 53% to Rs 6.42 crore on 77% rise in total operating income to Rs 28.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made before market hours today, 1 February 2017.

UCO Bank reported net loss of Rs 437.09 crore in Q3 December 2016 compared with net loss of Rs 1497.01 crore in Q3 December 2015. Total income fell 1.42% to Rs 4864.21 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

Auto stocks will start reporting sales volume data for January 2017, starting from today, 1 February 2017.

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Tech Mahindra may gain after posting strong Q3 results
Jan 31,2017

Tech Mahindras consolidated profit after tax rose 32.77% to Rs 856 crore on 5.44% growth in revenue to Rs 7557.50 crore in Q3 December 2016 over Q2 September 2016. The result was announced at the fag end of the trading session yesterday, 30 January 2017.

The companys consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016.Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Maruti Suzuki India inaugurated its 200th NEXA showroom in Hyderabad. The announcement was made after market hours yesterday, 30 January 2017. Launched in July 2015, NEXA, the premium automotive retail channel of Maruti has enabled the company to attract newer categories of customers.

Tata Power Company announced that Welspun Renewables Energy Private Limited (WREPL), a wholly-owned step down subsidiary of the company which has been recently acquired, has successfully issued and allotted guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 1200 crore on a private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Bajaj Auto, ICICI Bank, Indian Oil Corporation and ONGC will announce Q3 results today, 31 January 2017.

Thyrocare Technologies said that the board of directors of the company has decided to discontinue, with immediate effect, the existing arrangement with companys wholly-owned subsidiary, Nueclear Healthcare (NHL), by which the company was sourcing PET-CT business for them against a fee of 20% of the amount charged by them. The announcement was made after market hours yesterday, 30 January 2017.

Pfizers net profit rose 4.37% to 62.37 crore on 2.58% fall in total income to 536.75 in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

State Bank of Travancore announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 7.95%, one month MCLR was fixed at 8.15%, three month MCLR was fixed at 8.25%, six months MCLR was fixed at 8.4% and one year MCLR was fixed at 8.55%. MCLR on two-year loans will be 8.6% and for three-year loans the rate will be 8.65%. The announcement was made after market hours yesterday, 30 January 2017.

Pioneer Distilleries announced that it has re-commenced the operations of the 100 kilo liters per day (KLPD) molasses based extra neutral alcohol (MENA) plant(s) at the factory located at Balapur (V), Dharmabad (Taluka), Nanded District, Maharashtra, with effect from 30 January 2017. The announcement was made after market hours yesterday, 30 January 2017.

The company had earlier informed temporary stoppage of the manufacturing activities of the plant on account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

Dilip Buildcon announced that it has been declared as the successful bidder (L-1) by the Ministry of Road Transport & Highways, Government of India for the recalled project of rehabilitation and up-gradation of Machilipatnam to Avanigadda section of road to two lane with paved shoulder in the state of Andhra Pradesh under NHDP-IV through an engineering, procurement and construction basis. The announcement was made after market hours yesterday, 30 January 2017.

The Ministry of Road Transport & Highways, Government of India had recalled this project because L-1 bid price is higher than the departmental estimate of Rs 222.90 crore.

NRB Bearings announced that a meeting of the board of directors of the company will be held on 8 February 2017, to consider adoption of unaudited financial results for the quarter ended 31 December 2016 and further issue of listed non convertible debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Shriram City Union Finances net profit fell 9.49% to Rs 157.74 crore on 15.5% rise in total income to Rs 1156.33 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

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L&T may gain after reporting good Q3 results
Jan 30,2017

L&Ts consolidated net profit rose 39% to Rs 972 crore on 1.4% growth in gross revenue to Rs 26287 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 28 January 2017.

The companys international revenue at Rs 9590 crore constituted 36% of the total revenue in Q3 December 2016. L&T garnered fresh orders worth Rs 34885 crore at the group level in Q3 December 2016, amid subdued business environment. Consolidated order book of the group stood at Rs 2.58 lakh crore as on 31 December 2016, higher by 1.4% on a year-on-year (yoy) basis.

With regard to future business outlook, L&T said the companys focus would be on selective pursuit of opportunities, working capital reduction, cost optimization through supply chain efficiencies and productivity enhancement through digitalization initiatives. Aided by these initiatives, the company is hopeful of a satisfactory performance given the current business environment.

L&Ts board of directors at its meeting held on 28 January 2017, approved a scheme of amalgamation between the company and its wholly-owned subsidiary Spectrum Infotech, subject to necessary approvals. Spectrum Infotech is engaged in the defence business.

Maruti Suzuki India (Maruti) announced a price increase ranging from Rs 1,500 to Rs 8,014 (ex-showroom Delhi) across models. These new prices were effective from 27 January 2017. The hike in car prices is because of increase in commodity, transportation and administrative costs, Maruti said. The announcement was made after market hours on Friday, 27 January 2017.

Tech Mahindra and HDFC will announce Q3 results today, 30 January 2017.

Bharat Electronics net profit rose 33.34% to Rs 373.54 crore on 30.9% growth in total income to Rs 2268.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 27 January 2017.

Bharat Electronics board at its meeting held on 27 January 2017, approved 10-for-1 stock split. The board also approved interim dividend of Rs 3 per share for FY 2017.

Jindal Steel & Power announced that it has secured long term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under sponge iron sub-sector, conducted by Coal India. This sourcing of coal will help the company to secure fuel requirements and smooth operations of companys sponge iron units.

The company had earlier secured 1.18 million tonnes of linkage capacity in captive power plant (CPP) sub-sector and with this linkage in sponge iron sub-sector, the total coal linkage capacity of the company will be 1.68 million tonnes per annum. The announcement was made before market hours today, 30 January 2017.

GMR Infrastructure announced that Kakinada SEZ (KSEZ), a subsidiary of the company has signed a series of memorandum of understandings (MoUs) with firms interested in setting up of manufacturing units in Kakinada SEZ during the CII Partnership Summit 2017 held on 27th and 28th January at Visakhapatnam, AP.

GMR Group is developing a world-class Industrial Zone - Kakinada SEZ, spread over 8500 acres and an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 million tonnes.

Acknowledging the advantage of Kakinada SEZ which is the largest industrial area with port connectivity in this region, Indian Oil & Gas PSU majors are joining together to set up a cracker unit, with a proposed investment of Rs 40000 crore in 2000 acres of GMRs Kakinada SEZ. MoU has been signed for this investment in Kakinada SEZ, among GAIL, HPCL and Government of Andhra Pradesh, during the CII Partnership Summit, Visakhapatnam, AP.

MoUs were signed by KSEZ with 5 companies which include Oil Country Tubular, Kamineni Steel & Power, United Seamless Tubular, Deepak Phenolics and DCM Shriram for setting up manufacturing facilities with a total investment of Rs 7000 crore spread over 550 acres at Kakinada SEZ Ltd., Kakinada, AP. The announcement was made on Sunday, 29 January 2017.

Apollo Tyres announced that the board of directors of the company at its upcoming meeting to be held on 1 February 2017, proposes to consider and recommend to the shareholders of the company for their approval, further capital raising by the company by way of issuance of equity shares, non-convertible debt instruments along with warrants and/or convertible securities other than warrants through a qualified institutions placement in accordance with applicable laws and subject to receipt of necessary approvals. The announcement was made on Sunday, 29 January 2017.

Gokaldas Exports announced that the company has entered in to a memorandum of understanding with Government of Andhra Pradesh on 27 January 2017, for setting up of 4 apparel manufacturing units over a period of next 3 years in Chittoor district involving an investment of approximately up to Rs 200 crore which is likely to generate approximately 5,000 new jobs.

The investment is however subject to such terms and conditions as requested and sought by the company including appropriate infrastructural support and relevant incentives and subsidies being made available to the company with the Government of Andhra Pradesh. The announcement was made on Saturday, 28 January 2017.

APL Apollo Tubes consolidated net profit fell 3.22% to Rs 30 crore on 26.3% rise in net sales to Rs 946 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 28 January 2017.

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Wipro in focus after declaring Q3 result
Jan 27,2017

Wipros consolidated net profit fell 5.7% to Rs 2110 crore on 6.4% rise in gross revenue to Rs 13690 crore in Q3 December 2016 over Q3 December 2015. The result was as per International Financial Reporting Standards (IFRS). The company expects the revenue from IT Services business to be in the range of $ 1922 million to $1941 million in Q4 March 2017. The result was announced after market hours on Wednesday, 25 January 2017.

Colgate Palmolive (India), Bharat Electronics and ITC will announce their Q3 December 2016 results today, 27 January 2017.

Oberoi Realtys consolidated net profit dropped 60.01% to Rs 84.92 crore on 66.67% slide in total income to Rs 264.82 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Wednesday, 25 January 2017.

Reliance Communications said that Moodys Investors Service, Inc. (Moody), International rating agency, has revised the companys corporate family rating and Senior Secured Notes rating from n++B1n++ to n++B2n++ with negative outlook. Moody has stated that EBITDA from the companys Indian operations - which contribute around 85% of EBITDA, will remain under pressure over next 6-12 months in light of intensifying competition in Indias mobile sector and the governments demonetization in early November 2016. The announcement was made before market hours today, 27 January 2017.

Cholamandalam Investment and Finance Companys consolidated net profit rose 10.36% to Rs 163.38 crore on 11.73% rise in total income to Rs 1184.44 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Wednesday, 25 January 2017.

NLC India scheduled a board meeting on 31 January 2017, to consider buyback of equity shares of the company. The announcement was made after market hours on Wednesday, 25 January 2017.

Ashok Leylands net profit dropped 13.02% to Rs 185.88 crore on 6.01% rise in total income to Rs 4390.71 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Wednesday, 25 January 2017.

Mphasis announced that a meeting of board of directors of the company is being convened on 31 January 2017, to consider a proposal for buy-back of shares. The announcement was made after market hours on Wednesday, 25 January 2017.

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Bharti Airtel in spotlight after reporting Q3 results
Jan 25,2017

Bharti Airtels consolidated net profit fell 54.54% to Rs 503.70 crore on 2.85% decline in total income to Rs 23415.60 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 24 January 2017.

Bharti Airtels board in its meeting held yesterday, 24 January 2017, approved issuance of non-convertible debentures (NCDs) on a private placement basis. The outstanding under these NCDs shall at all times be within the overall borrowing limits and be subject to a cap of Rs 10000 crore.

Idea Cellular announced that it intends to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 2000 crore on private placement basis. The tenure of NCDs is five years and carry a coupon rate of 8.04% per annum. The announcement was made after market hours yesterday, 24 January 2017.

Wipro announced that TK Kurien, Executive Vice Chairman and member of the board will retire on 31 January 2017. The announcement was made after market hours yesterday, 24 January 2017. The company is scheduled to announce Q3 December 2016 results today, 25 January 2017.

Among other prominent results, Kotak Mahindra Bank and Maruti Suzuki India are scheduled to announce December 2016 quarter results today, 25 January 2017.

Siemens announced that it has won an order worth around Rs 366 crore from Oil and Natural Gas Corporation (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul. The announcement was made after market hours yesterday, 24 January 2017.

Wockhardt reported consolidated net loss of Rs 53.91 crore in Q3 December 2016 compared with net profit of Rs 72.04 crore in Q3 December 2015. Total income dropped 10.34% to Rs 1000.81 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 24 January 2017.

Indian Overseas Bank reported a net loss of Rs 554.44 crore in Q3 December 2016, compared to net loss of Rs 1425.06 crore in Q3 December 2015. Total income declined 13.12% to Rs 5599.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 24 January 2017.

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HUL, Asian Paints and Bharti Infratel in focus after announcing Q3 results
Jan 24,2017

Hindustan Unilevers (HUL) net profit rose 6.82% to Rs 1037.93 crore on 1.51% decline in total income to Rs 8400.38 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Harish Manwani, Chairman of HUL said on Q3 results that the gradual recovery of the market was temporarily impacted by adverse liquidity conditions. However, performance demonstrated resilience and agility in the challenging environment.

Asian Paints consolidated net profit rose 1.51% to Rs 489.31 crore on 2.52% growth in total income to Rs 4395.44 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Bharti Infratels consolidated net profit rose 25.33% to Rs 620.40 crore on 7.92% growth in total income to Rs 1547.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Bharti Infratel announced that subject to shareholders approval in the ensuing general meeting, the board of directors in their meeting held yesterday, 23 January 2017, re-appointed D S Rawat as Managing Director & CEO of the company for a further term of three years with effect from 1 April 2017.

Among other prominent results, Bharti Airtel, HCL Technologies, HDFC Bank and Zee Entertainment Enterprises are scheduled to announce December 2016 quarter results today, 24 January 2017.

HDFC announced that it intends to raise Rs 2000 crore through issue of non-convertible debentures on private placement basis. The coupon rate is 7.49% per annum with a tenor of 2 years. The proceeds would be utilized to augment the long-term resources of the company. The announcement was made after market hours yesterday, 23 January 2017.

GIC Housing Finances net profit rose 12.55% to Rs 34.43 crore on 13.6% rise in total income to Rs 253.07 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 23 January 2017.

Trents net profit rose 14.02% to Rs 37.22 crore on 11.6% rise in total income to Rs 453.87 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 23 January 2017.

Adani Power announced that the convertible warrant holders, to whom the warrants were allotted in the month of May 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, the management committee of the board of directors of the company at its meeting held yesterday, 23 January 2017, made allotment of total 2.79 crore equity shares of the face value of Rs 10 each with a premium of Rs 22.54 per share to the convertible warrant holders. The announcement was made after market hours yesterday, 23 January 2017.

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