Tuesday 24 May 2016

Market News Top Stocks in Focus Today: L&T, Cipla, Bharti Airtel

The Indian Stock market has opened with gains. The Sensex is up 254.50 points or 1 percent at 25559.97 and the Nifty is up 79.25 points or 1 percent at 7828.10. About 602 shares have advanced, 102 shares declined, and 22 shares are unchanged. For Today Sure Shot Jackpot Calls Just Give Missed Call on @+9198933-58233 or Visit Now www.capitalheight.com

Axis Bank, Tata Motors, SBI, Adani Ports and Lupin are top gainers while Cipla and Coal India are losers in the Sensex. The Indian rupee opened higher by 12 paise at 67.63 per dollar against previous close of 67.75. Markets are likely to make a strong opening in trades today supported by global cues. Here Top Stocks in focus Today watch now

Larsen & Toubro:
Larsen & Toubro Ltd, one of the leading engineering and construction firms in India, will announce its Q4 numbers today. IIFL estimates the company’s net profit to plummet to Rs.1,800 crore, at a rate of 13% yoy; however, the same is likely to rise 73.9% qoq.   

Bharti Airtel: Bharti Airtel has entered into a definitive agreement to acquire 1800 MHz spectrum from Videocon Telecom for Rs.4,428 crore.

Cipla: The company has posted a net profit after minority interest and share of profit of associates of Rs. 808.70 million for the quarter ended March 31, 2016 whereas the same was at Rs. 2596.60 million for the quarter ended March 31, 2015.

Tech Mahindra: The company’s consolidated revenue stood at Rs. 6,883.73 crore, up 2.72% qoq and 12.54% yoy.

Amara Raja Batteries Ltd : posted a net profit of Rs. 1086.00 million for the quarter ended March 31, 2016 as compared to Rs. 1022.60 million for the quarter ended March 31, 2015.

Apollo Hospitals: Apollo Hospitals, one of the leading hospital-chain in India, will announce its financial results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to rise to Rs.1,443 crore, at a rate of 19.9% yoy and 4.5% qoq.    
 
Bank of India: The Bank has posted a net loss of Rs.3587 crore for the quarter ended March 31, 2016 whereas the same was at Rs.56.1 crore for the quarter ended March 31, 2015.   

Tata Power: The company is planning to raise up to Rs 4,000 crore by selling corporate bonds as it aims to fund its proposed acquisition of renewable energy assets from the Welspun group, as per media reports.

Monsanto: Monsanto rejected Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate.", according to reports.The company reportedly said that a higher bid might be accepted.

1 comment:

aditi said...

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