Here's a list of top 10 stocks that are in news today due to fourth quarter earnings, entry into F&O segment and merger deals.
FMCG firm Dabur India reported a 21percent rise in consolidated net profit at Rs 285 crore for the fourth quarter ended March 31, 2015, as against Rs 235 crore a year earlier. Net sales rose 10 percent to Rs 1,945 crore as compared to Rs 1,764 crore in the same quarter last year. The company had reported a net profit of Rs 235.3 crore in the January-March quarter of 2013-14. Dabur's net sales moved up by 10.24 percent to Rs 1,944.8 crore in the fourth quarter of 2014-15, compared to Rs 1,764 crore in the year-ago period.
Tube Investments of India, a Murugappa Group company, has registered a two-fold jump in consolidated net profit at Rs 147.52 crore for the last quarter of 2014-15 fiscal. The Chennai-based company had a consolidated net profit of Rs 69.18 crore during the year-ago period. Consolidated total income from operations for the January-March 2015 quarter rose to Rs 2,367.35 crore from Rs 2,282.56 crore in same period of 2013-14.
Drug firm Pfizer reported a standalone net profit of Rs 42.68 crore for the quarter ended March 31, 2015. The company had posted a net profit of Rs 56.03 crore for the corresponding period of the previous fiscal, Pfizer said in a filing to the BSE.Standalone total income of the company stood at Rs 463.10 crore for the quarter under consideration.It was Rs 274.48 crore for the same period a year ago. "The results for the current quarter and year ended March 31, 2015 are not comparable with that of the corresponding quarter and year ended March 31, 2014," Pfizer said.
Muthoot Finance, the country's largest gold financing company, today reported 14 percent decline in net profit for 2014-15 fiscal at Rs 671 crore. The company had posted a net profit of Rs 780 crore in the 2013-14 fiscal, Muthoot Finance said in a filing to the BSE. Total income during the fiscal ended March 2015 declined by 13 percent to Rs 4,325 crore as against Rs 4,947 crore for the fiscal ended March 2014.
Century Enka reported a net profit of Rs 11.81 crore for the fourth quarter ended March 31, 2015. The company had posted a net loss of Rs 4.90 crore for the quarter ended March 31, 2014. Total income increased to Rs 2,109.54 crore for the quarter ended March 31, 2015 from Rs 1,856.96 crore for the quarter ended March 31, 2015, the company said in a BSE filing. The company posted a net profit of Rs 15.49 crore for the year ended March 31, 2015 as compared to net profit of Rs 2.72 crore for the year ended March 31, 2014. Total income increased to Rs 7,579.31 crore for the year ended March 31, 2015 from Rs 6,694.18 crore for the year ended March 31, 2014. Meanwhile in a separate filing, Century Enka appointed Rajashree Birla as an Additional Director under the category of promoter director.
Power and automation technologies firm ABB India reported five percent jump in its net profit at Rs 54.29 crore for the quarter ended March 2015. The company had posted a net profit of Rs 51.68 crore in the corresponding period last year. The firm's total income from operations during the quarter decreased to Rs 1,814.57 crore, from Rs 1,827.71 crore in the same quarter of 2014. Benefits of consistent investment in operational excellence initiatives, continued focus on indigenization and balancing risk return profile helped sustain profitability, ABB India said in a statement. "Over the last few years, ABB India has been tenaciously working towards making its offerings and operations resilient and future-ready. This has been reflected in the consistent range-bound margin expansion in a challenging market environment," said Bazmi Husain, Managing Director, ABB India.
Dewan Housing, Kaveri Seeds, Ajanta Pharma, Britannia, South Indian Bank, Oil India, Bharat Electronics are the new entries into Futures and options.These stocks are likely to be active today and These stocks Will also increase volatility in the stocks going ahead.
Cipla has tied up an agreement with Hamied Family. Cipla Seeks SEBI guidance on proposed family agreement. Cipla proposes how promoter group will exercise votes. It also proposes coordinated approach for exercising votes. proposes promoter group will vote jointly as single unit. Farida Hamied & Samina Vaziralli to appoint YK Hamied as proxy. Farida Hamied & Samina Vaziralli own 7.2 percent. Farida Hamied & Samina Vaziralli own 7.2 percent and Family members owning 8.33 percent appoint MK Hamied as proxy.
Bank of Baroda cuts base rate to 10 percent from 10.25 percent. SBI base rate at 9.85 percent. ICICI Bank base rate at 9.75 percent. It may see some trimming of margins on rate cut.
Bharti Airtel has higher weightage in MSCI India Index at 2.6 percent from 1.3 percent. Change effective from June 1. Airtel expected inflows of USD 120 million. Morgan Stanley says Bharti Airtel maintain Underweight. RBI raised FII limit to 74 percent from 49 percent last year. As of quarter ended March, FII holding at 62 percent.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
