Following stocks will hog the limelight today:
Tata Motors: The automaker is seen posting a consolidated net profit of Rs 285 crore for the December quarter, compared with a loss of Rs 1,516 crore a year ago, and a loss of Rs 945 crore a quarter ago. Consolidated sales are seen rising over 14% year-on-year (YoY) and 3% sequentially to Rs 82,738 crore.
Bajaj Auto: A drop in volumes both in the 2-wheeler and 3-wheeler segments and increased spend on promotions are likely to mar performance sequentially in the quarter ended December. Revenue is likely fall 2% on year and 13% sequentially to Rs 8,852 crore. Net profit is likely to rise 11.3% on year to Rs 1,351 crore, but fall 12% sequentially.
Cipla: The company’s board of directors will meet to consider and approve the earnings for the quarter and nine months ended December. The drugmaker is seen posting strong growth in revenue on the back of better performance in the US market amid launch of few high-margin products. Net profit is expected to grow in double digits backed by strong sales.
Dr Reddy’s Laboratories: The company’s board of directors will meet to consider and approve the earnings for the quarter and nine months ended December. The drugmaker is seen reporting strong double digit growth in both revenue and profit due to improved sales across regions and market share gains in some products in the US.
Nazara Technologies: Consolidated net profit rose sharply by 76% YoY to Rs 18 crore in the quarter ended December. Revenue increased more than 69% to Rs 315 crore. Rail Vikas Nigam: The company has bagged an order worth Rs 38.4 crore from Southern Railway.
Triveni Engineering: The company posted consolidated net profit of Rs 147 crore for the December quarter compared with Rs 130 crore a year ago. Revenue rose to Rs 1,660 crore from 1,240 crore a year ago. The board had approved Rs 90 crore capital investment for the sugar business and Rs 100 crore for the power transmission business.
Motilal Oswal Financial Services: Consolidated net profit for the December quarter fell 5.5% on year to Rs Rs 226.5 crore, while total revenue from operations rose 5% to Rs 1,072 crore.
Pidilite Industries: Consolidated net profit for the December quarter fell over 15% on year to Rs 304.2 crore. Revenue rose a mere 5.2% to Rs 2997.6 crore.
Home First Finance: Net profit for the quarter ended December rose 28% on year to Rs 58.7 crore. Revenue from operations increased 35.4% to Rs Rs 205.4 crore.
Easy Trip Planners: The company has acquired 55% stake in cheQin, a hotel booking marketplace. The deal will enable the company to strengthen its hotel booking channels.
United Spirits: The company’s net profit for the December quarter slumped over 64% on year to Rs 110.5 crore. Revenue, net of excise duty, fell 3.4% to Rs 2781 crore.
Indus Towers: The company posted a consolidated net loss of Rs 708.2 crore for the December quarter against a profit of Rs 1,571 crore a year ago. Consolidated revenue fell 2.3% on year and 15% sequentially to Rs 6,765 crore.
Macrotech Developers: The company’s consolidated net profit surged 42% on year to Rs 404.5 crore, even as revenue declined 14% to Rs 1,774 crore.
Coffee Day Enterprises: The Securities and Exchange Board of India has fined the company Rs 26 crore on charges of diversion of funds to the tune of Rs 3,420 crore from its subsidiaries.
Embassy Office REIT: Blackstone Inc is in talks to sell around half of its stake in the real estate investment trust to private equity firm Bain Capital in a deal worth up to $480 million at current prices.
Brooks Laboratories: The company’s board of directors will meet to consider fundraising through rights issue of shares.