Indias largest IT company by sales TCS will declare its Q3 December 2011 results today, 17 January 2011.
Zee News, VST Industries, Chambal Fertilisers & Chemicals, Automotive Axles, Camlin, Electrotherm (India), Kajaria Ceramics and Maharashtra Scooters, among others, will declare their October-December 2011 quarter results today, 17 January 2012.
On a consolidated basis, net profit of HCL Technologies rose 15.3% to Rs 572.70 crore on 12.8% rise in revenues to Rs 5245.20 crore in Q2 December 2011 over Q1 September 2011.
Tata Motors said its global vehicle sales rose an annual 27% in December 2011 over December 2010, driven by strong demand for its passenger cars and luxury Jaguar Land Rover vehicles.
Aviation stocks will be in focus as a group of ministers will consider a proposal today (17 January 2012) to allow foreign airlines to buy into domestic carriers. Recently, a group of secretaries had recommended allowing foreign carriers to buy up to 49% stake in Indian airlines. At present, while foreign airlines are barred from investing in Indian carriers, other foreign investors are allowed to pick up to 49% stake.
Power sector firms will be in focus on reports top executives from Indias major power companies will meet Prime Minister Manmohan Singh on Wednesday (18 January 2012) to push for swifter action to improve access to coal and make it easier to get funding, acquire land and get environmental clearances. According to reports, Tata group Chairman Ratan Tata, his deputy Cyrus Mistry, Reliance Power Chairman Anil Ambani, Adani Power Chairman Gautam Adani and top executives from other private power firms will be part of the delegation, organised by the Association of Power Producers.
State-run GAIL (India) is reportedly in talks to buy liquefied natural gas (LNG) from suppliers, including Macquarie Energy, which has a share in the US-based Freeport LNG project. GAIL chairman B. C. Tripathi was quoted by media as saying on Monday (16 January 2012) that GAIL has not yet decided on the volumes to be purchased from Macquarie. Buying gas from the United States is about $2 per million British thermal units cheaper than that from Indias other long term LNG purchase contracts, he said without elaborating.
Sugar stocks will be watched as Gautam Goel, president of Indian Sugar Mills Association told the media after a meeting with Finance Minister Pranab Mukherjee on Monday (16 January 2012) that the government will soon consider easing curbs on the sugar sector. Gautam Goel also said the industry had sought a second tranche of 2 million tonnes of sugar for exports by end-March 2012. Currently, the government sets the price mills must pay to farmers and buys 10% of their output at a big discount for its welfare schemes. The government also decides how much sugar will be sold in the open market and at times imposes limits on stocks that large buyers can hold.
Housing Development Finance Corporation (HDFC) said it allotted 50,000 equity shares of Rs 2 each on conversion of 50,000 warrants. With this, total outstanding warrants are 5.47 crore.
Net profit of ING Vysya Bank rose 43.98% to Rs 119.52 crore on 35.4% rise in operating income to Rs 1161.45 crore in the quarter ended December 2011 over the quarter ended December 2010.
Net profit of Reliance Industrial Infrastructure rose 22.49% to Rs 5.99 crore on 16.27% rise in net sales to Rs 15.15 crore in the quarter ended December 2011 over the quarter ended December 2010.
On a consolidated basis, net profit of Tata Elxsi fell 6.56% to Rs 10.25 crore on 0.42% rise in net sales to Rs 137.89 crore in the quarter ended December 2011 over the quarter ended September 2011.
On a consolidated basis, net profit of Motilal Oswal Financial Services fell 38.3% to Rs 26.02 crore on 33.1% decline in total income to Rs 110.61 crore in the quarter ended December 2011 over the quarter ended December 2010.
Net profit of Dewan Housing Finance Corporation rose 21.39% to Rs 74.97 crore on 70.3% rise in operating income to Rs 625.11 crore in the quarter ended December 2011 over the quarter ended December 2010. The board of Dewan Housing Finance Corporation has approved acquiring stake in an unlisted non-banking financial company (NBFC) registered with the Reserve Bank of India. The company proposes to foray into the education sector through the said company in order to provide portfolio of education loan and allied services. The board also approved raising upto Rs 300 crore by way of private placement of unsecured redeemable non-convertible subordinated debentures in one or more tranches.
Powered by Capital Market - Live News
