Top 12 Stocks in focus today: Tata Motors, DLF, IOC
DLF: The company will announce its Q1 numbers today.
Tata Motors: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs.2260.4 crore for the quarter ended June 30, 2016 as compared to Rs.5254.2 crore for the quarter ended June 30, 2015.
Aurobindo Pharma Ltd: The pharma company and Intas are among the contenders for the UK and Irish portfolio of Teva, as per media reports.
Procter & Gamble Hygiene and Health Care: The company reported an increase of 2.2% in its net profit at Rs 109.40 crore for the quarter ended June 30, 2016.
IOC: IOC will announce Q1 numbers today.
Coal India: The company will invest around Rs.7,765 crore towards capital expenditure in the ongoing fiscal and Rs.5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power.
Abbott India: Drug firm Abbott India reported a 9.95% rise in standalone net profit to Rs.74.01 crore for quarter ended June 30.
Vakrangee: The company PAT stood at Rs.120.5 crore in Q1FY2016-17 as against Rs.86.1 crore for the corresponding quarter last year, registering a growth of 40%.
Claris Lifesciences: The company has received approval from the U.S. health regulator for generic Flumazenil injection used forreversal of the sedative effects of benzodiazepines in the America market.
Reliance Communications: Reliance Communications and Aircel Ltd are expected to sign an agreement for merger of their businesses by the first week of September, as per media reports.
L&T: The company has sharpened its focus on Southeast Asia and Africa to make up for the slowdown in West Asia, changing its overseas strategy amid likelihood of low crude oil prices continuing to weigh on investment plans of oil-rich nations.
Infosys: Infosys has borrowed a leaf from rival Tata Consultancy Services playbook by deciding to split its business into smaller units, which will be managed by the company’s next rung of management, as per media reports.