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Check out the companies which will be in focus during trade today based on recent and latest news developments.
- Larsen & Toubro: Larsen & Toubro reported 39%
rise in consolidated net profit at Rs 972.5 crore for the quarter ended
December 31, 2016 against Rs 700.34 crore reported for the corresponding
quarter last year.
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GPT Infraprojects: The company said it has won a Rs
90.5 crore contract in a joint venture from IRCON International for
works related to Kiul-Gaya railway line.
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Gujarat Alkalies and Chemicals: The company's board approves establishment of Poly Aluminium Chloride plant at Sodium Cyanide Complex, Vadodara.
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Balrampur Chini Mills: The company to to sell entire stake in subsidiary Indo Gulf Industries Ltd. to Ganesh Explosives Pvt. Ltd. for Rs 20.64 lakh.
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Bharat Electronics: Bharat Electronics said it will
split its shares in the ratio of 1:10, which will make the scrip more
affordable to investors and increase market liquidity.
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Reliance Capital: The company issues non-convertible debentures worth Rs 25 Cr.
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Maruti Suzuki: The auto major on Friday announced a price increase in range of Rs 1,500-Rs 8,014 (ex-showroom New Delhi) across models.
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Lokesh Machines Ltd: The company is set to enter into
an agreement with EMCO GmbH of Austria for the manufacture and sale of
the latter's machines in India and export supplies.
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Om Metals Infraprojects: The company announced that it
has secured in its joint venture (Om Metals – SPML) a letter of intent
(LOI) from Office of Director General, Rwanda Agriculture Board from the
work related to Development of Irrigation and Watershed Development in
Mpanga Sector (LOT 1) in Rwanda (Africa) for $1,65,84,644.
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Tata Coffee: Tata Coffee reported 3% fall in
consolidated net profit at Rs 41 crore during the third quarter ended
December 31, 2016 of the current fiscal on higher expenses. The
company's net profit stood at Rs 42.5 crore in the year-ago period.
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Justdial: Justdial on Saturday reported a 6% rise in
net profit at Rs 27 crore for the third quarter ended December 31, 2016.
The company had reported a net profit of Rs 25.9 crore in the
corresponding quarter a year ago.
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SRS: The company to sell its entire investment in its wholly-owned subsidiary SRS Worldwide (FZC) in Sharjah, UAE.
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Kalindee Rail Nirman: The company secured an order worth Rs 197 crore from Dedicated Freight Corridor Corporation of India.
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GMR Infrastructure: GMR Infrastructure subsidiary
Kakinada SEZ Ltd. signs MoUs with five companies to set up manufacturing
units in Kakinada SEZ for a total investment of Rs 7,000 crore.
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