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Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd., and other oil refiners, will be in focus after Kuwait's oil minister Essam al-Marzouq Saturday said that compliance with oil production cuts by OPEC and non-OPEC countries is good and that deeper cuts are possible. Ministers from the OPEC and non-OPEC producers will meet in the Russian city of St Petersburg today to discuss the deal on production cuts.
Avenue Supermarts Ltd (Dmart):
Avenue Supermarts Ltd., the group which owns DMart chain of supermarkets, will be in focus after it reported a 47.60% on year rise in net profit at Rs 1.74 billion for the June quarter. The Radhakishan Damani, promoted firm reported Rs 1.18 billion profit in the corresponding quarter of last year.
Amtek Auto Ltd:
Amtek Auto Ltd., the auto component maker, will be in focus after Amtek Global Technologies Pte. Ltd., its overseas subsidiary, entered into an arrangement to sell its UK based subsidiaries' plants to Liberty Group.
Colgate-Palmolive (India) Ltd:
Colgate-Palmolive (India) Ltd., a leading toothpaste maker, will be in focus after its global CEO Ian Cook named Indian rival Patanjali while talking to investors about the need to respond to changing consumer preferences in India where it also recorded its steepest market share fall in a decade last year."
Divi's Laboratories Ltd:
Divi's Laboratories Ltd., a local drug maker, will be in focus after it reported 41.50% dip in standalone net profit at Rs 1.76 billion for the first quarter ended Jun 30, impacted by USFDA alert for a unit at its Visakhapatnam facility.
Dr Reddy's Laboratories Ltd:
Dr Reddy's Laboratories Ltd., a local drug maker, will be in focus on receiving Establishment Inspection Report for CTO SEZ in Srikakulam (CTO SEZ is a new API unit In Srikakulam).
Jammu Kashmir Bank Ltd:
Jammu Kashmir Bank Ltd., a private lender, will be in focus, after it reported today a 32% rise in net profit to Rs 301.9 million for the quarter ended on Jun 30, 2017. The bank had reported a net profit of Rs 228.8 million in Apr-Jun 2016.
Oil & Natural Gas Corporation Ltd. (ONGC), India's biggest oil and natural gas explorer, Hindustan Petroleum Corporation Ltd. (HPCL), a state-owned oil & natural gas refinery, will be in focus as ONGC will not be required to make an open offer to minority shareholders of HPCL after buying out government's 51.11% stake as the deal won't trigger takeover norms like it did in the IOC-IBP merger in 2002.
Tata Sponge iron Ltd:
Tata Sponge iron Ltd., maker of sponge iron, will be in focus on receiving in principle approval for setting a steel plant of capacity upto 1.5 MTPA, in phases at Beleipada, Keonjhar District, Odisha.
Thirumalai Chemicals Ltd:
Thirumalai Chemicals Ltd., a chemical maker, will be in focus after its net profit rose 85.04% to Rs 298.1 million in the quarter ended Jun 2017 as against Rs 161.1 million during the previous quarter ended Jun 2016. Sales rose 54.10% to Rs 2.58 billion in the quarter ended Jun 2017 as against Rs 1.68 billion during the previous quarter ended June 2016.
Vijaya Bank, a state-owned lender, will be in focus after reporting 57.5% increase in net profit at Rs 2.54 billion for June quarter owing to healthy growth in retail income aided by a marginal fall in bad loan proportion.
Ambuja Cement Ltd., Indiabulls real Estate Ltd., HDFC Bank Ltd., Housing and Urban Development Corp Ltd., Indiabulls Housing Finance Ltd., Zee Entertainment Enterprises Ltd., JM Financial Ltd., Nelco Ltd., Just Dial Ltd., Tata Communications Ltd., among other to announce Apr-Jun quarter earnings release today
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