STOCKS TO WATCH- Monday JAN 23 - Cyient, Hexaware Tech, L&T Tech, M&M, RIL, UltraTech
Amara Raja Batteries Ltd:
Amara Raja Batteries Ltd., automotive battery maker, will be in focus after it posted a 17.90% fall in net profit at Rs 1.12 billion for the quarter ended December 31, due to higher expenses. The company had posted a net profit of Rs 1.36 billion during the same period a year ago.
Cyient Ltd., a software services provider, will be in focus after it commenced operations in Warangal from the Incubation Center of the Telangana State Industrial Infrastructure Corporation (TSIIC).
Dilip Buildcon Ltd:
Dilip Buildcon Ltd., infrastructure developer, will be in focus after it received letter of award from Northern Coalfields Limited for the project of "coal mines" at Nigahi worth Rs 16.74 billion.
Hexaware Technologies Ltd:
Hexaware Technologies Ltd., the software service provider, will be in focus after it announced buyback of 5 million equity shares at Rs 240 per share under tender offer route.
Force Motors Ltd:
Force Motors Ltd., commercial vehicles maker, will be in focus after it reported 14.86% decline in standalone net profit at Rs 232.5 million for the third quarter ended December 31, 2016. The company had posted standalone net profit of Rs 273.1 million in the same quarter previous fiscal.
Indiabulls Housing Finance Ltd:
Indiabulls Housing Finance Ltd., the privately held home loan provider, will be in focus after it has reduced its interest rates for existing borrowers on floating rates by 15 basis points, matching its offering with that of the market leader HDFC.
JK Paper Ltd:
JK Paper Ltd., the paper maker, will be in focus after it reported a surge of 173% in its net profit for the third quarter (Q3) of 2016-17. The company's net profit stood at Rs 358.9 million for the quarter ended December 31, 2016, up from Rs 131.4 million in the corresponding quarter of last fiscal.
Kalpataru Power Transmission Ltd (KPTL):
Kalpataru Power Transmission Ltd (KPTL), a power & infrastructure services provider, will be in focus after it has secured new orders/notification exceeding Rs 8.25 billion.
Kushal Tradelink Ltd:
Kushal Tradelink Ltd., the leading paper and paper product company will be in focus after it announced issue of bonus shares in the ratio of 1:1.
L&T Technology Services Ltd:
L&T Technology Services Ltd., the technology arm of L&T, will be in focus after it posted nearly 17% drop in consolidated net profit to Rs 1.08 billion for the December quarter of the current fiscal. The net profit stood at Rs 1.30 billion in the year-ago period.
Mahindra and Mahindra (M&M):
Mahindra and Mahindra Ltd., the sports utility vehicle maker, will be in focus after it has acquired 75.1% equity stake in a Turkish farm equipment company for $19 million, a regulatory filing by the company said here on Friday.
Reliance Industries Ltd:
Reliance Industries Ltd., the Mukesh Ambani led largest integrated refinery, will be in on talks to raise as much as $2.25 billion (Rs 153 billion) in what could be one of the biggest offshore debt issues by an Indian corporate as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in telecom.
UltraTech Cement Ltd:
UltraTech Cement Ltd., the largest cement maker, will be in focus after it announced net profit in the third quarter of 2016-17 went up by 4.76%, a regulatory filing by the company showed here on Saturday. The consolidated net profit of the company stood at Rs 5.94 billion for the third quarter of 2016-17 compared to Rs 5.67 billion a year ago.
United Spirits Ltd:
United Spirits Ltd., the largest alcoholic beverages maker, will be in focus after it reported an over three-fold jump in its standalone net profit at Rs 1.47 billion for the third quarter ended December 31 on the back of lower finance costs and exceptional expense in the corresponding period last year. The company had reported a net profit of Rs 372.3 billion for the October-December period of the previous fiscal.
Unichem Laboratories Ltd:
Unichem Laboratories Ltd., the drug maker, will be in focus after it reported a 26.33% rise in standalone net profit to Rs 261.0 million for the quarter ended December 31, mainly on account of robust sales. The company had posted a net profit of Rs 206.6 million in the year-ago period.
Hindustan Unilever, Idea Cellular and Bharti Infratel will announce their financial results for the quarter ended December 31, 2016 on Monday.
Get Bse, Nse, Sensex & Nifty Trading Tips With High Accuracy By Expert. Click Here http://bit.ly/1T3cqCb