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Stata Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Bank of India other state-run lenders will be in focus after the cabinet decided to amend the Banking Regulation Act to put in place a scheme to resolve stressed assets in the banking system totalling about Rs 9.64 trillion as of end- December.
Tata Steel Ltd., Steel Authority of India Ltd (SAIL), JSW Steel Ltd other steel makers will be in focus as the cabinet cleared national steel policy that favours domestic manufacturers in government projects.
Textiles firm Arvind Ltd will be in focus ahead of board meet next week to consider raising up to Rs 5.00 billion through issuance of non convertible debentures (NCDs).
Amtek Auto Ltd:
Auto component maker will be in focus on reports that New York-based DA Capital and Asian special situations investor SSG Capital Management are bidding for the promoters' stake in four Amtek Group entities after a consortium of lenders that controls the company decided to sell shares to retrieve money owed to them. Lenders have decided to auction stakes in Amtek Auto, Metalyst Forgings, Castex Technologies and Amtek Ring Gears Ltd.
ICICI Bank Ltd:
ICICI Bank Ltd., the largest private lender, will be in focus after it reported near two-fold jump in standalone net profit to Rs 20.23 billion for the quarter ended March 31. The bank had made a net profit of Rs 7.02 billion in the January-March quarter of the preceding fiscal 2015-16.
The drug maker will be in focus after it posted a 76.42% increase in its net profit at Rs 148.2 million for the quarter ended on March 31. The company had posted a net profit of Rs 84 million during the January-March period a year ago.
PVR Ltd and Inox Leisure Ltd:
The listed multiplex companies, including PVR and Inox Leisure will be in focus as they are expected to be affected partially in the short term by the Karnataka government's decision to cap movie ticket prices at Rs 200, inclusive of taxes. However, the medium-term impact depends on the extent of theatre occupancy once the decision is implemented and quality of movie content.
Reliance Communications Ltd:
Reliance Communications undersea cable arm Global Cloud exchange has entered into an agreement with two other companies to provide cloud computing service.
Shriram City Union Finance Ltd:
The non banking finance company will be in focus after it reported over 78% decline in standalone net profit to Rs 120.4 million in the fourth quarter ended March 31, due to trailing affects of demonetization and RBI prudential norms on bad loans. Chennai-based finance provider had posted a profit of Rs 554.9 million in the corresponding quarter of 2015 -16.
V-Mart Retail Ltd:
Multi-brand retail chain V-Mart Retail Ltd., will be in focus after it reported a standalone net profit of Rs 49.9 million for the fourth quarter ended March 31, 2017. It had posted a net profit of Rs 4.8 million in the corresponding period of last fiscal.
Infosys Lte., the second largest software service exporter will be in focus as it plans to hire 10,000 Americans in the next two years and open four centres in the US in a bid to woo the Trump administration, which has been critical of outsourcing firms for 'unfairly' taking jobs away from US workers.
Inox Leisure Ltd:
The multiplex operator will be in focus after it reported a multifold decline in consolidated net profit at Rs 3.4 million for the fourth quarter ended March 31, 2017. The company posted a net profit of Rs 174.7 million in the same period of the previous fiscal.
Kitex Garments Ltd:
Kitex Garments Ltd., the garment maker, will be in focus after it received board approval to further invest upto $1.5 million in the capital of Kitex USA LLC.
Marico Ltd., the maker of 'Parachute' brand of hair-oil, will be in focus after it reported a 25.50% increase in consolidated net profit at Rs 1.71 billion for the fourth quarter ended March 31, 2017, led by volume growth in the domestic market. It had reported a net profit of Rs 1.36 billion in the January-March quarter a year-ago.
RBL Bank Ltd:
RBL Bank Ltd., the private lender, will be in focus after it reported 55% surge in fiscal fourth quarter net profit to Rs 1.30 billion on healthy growth in interest income even as provision for bad loans rose.
Tata Steel Ltd:
The privately owned integrated steel maker will be in focus after its UK unit completed sale of its Speciality Steels business, which employs 1,700 workers, to Liberty House Group for 100 million pound. Liberty said it will not only protect the 1,700 existing jobs but also create 300 new ones and invest multi-million pounds in the venture.
Tata Consultancy Services Ltd:
The largest software services exporter will be in focus after it has been selected by one of Europe's largest utilities companies - Vattenfall- to provide IT services across multiple European operations including Swedan, Germany and the Netherlands.
TVS Motor Ltd:
The maker of 'Apache' two-wheeler will be in focus after it reported an 8% increase in total sales at 246,310 units in April. The Chennai-based company had sold 227,096 units in April 2016.
Vedanta Ltd:The world's largest miner will be in focus after Crisil upgraded its rating on the long-term bank facilities and debt instrument to 'AA/Stable' from 'AA-/Positive'.
Wipro Ltd:The third largest software services exporter will be in focus after it unveiled new brand identity. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro's expertise to address their business requirements and drive future opportunities in this digital era. As part of the new brand identity, Wipro unveiled a new logo.
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