Stocks in focus

Top 18 stocks in focus today:

08 Aug 2016 08:59 AM

HDFC: The merger of Max Financial Services Ltd, its unit Max Life Insurance Co. Ltd and HDFC Life Insurance Co. Ltd will be an all-stock deal.

Hero Moto Corp: The auto company will announce its Q1 numbers today.

HPCL: The Reserve Bank of India has allowed foreign investors to hike their stake in Hindustan Petroleum Corp. to up to 40% under a portfolio investment scheme.

Vedanta: Vedanta Resources expects to complete its merger with Cairn India   early next year, a move that would boost the firm's financial strength, Vedanta's CEO said, as per media reports.

Union Bank of India: Union Bank announced a 67.9% YoY drop in net profit to Rs.166.30 crore for the June quarter.

Pfizer: Pfizer reported a 6.5% rise in standalone net profit to Rs 80.04 crore for the quarter ended June 30.

Marico Ltd: The company reported a 17.2% jump in net profit to Rs.267.9 crore for the quarter ended 30 June.

DLF: DLF plans to raise up to Rs.2,500 crore through issuance of non-convertible debentures for working capital requirements and reducing debt.

Britannia: The company will announce its Q1 numbers today.

Idea Cellular: The telecom company will announce its Q1 numbers today.

Wockhardt: The US Food and Drugs Administration issued an import alert on Wockhardt's Ankleshwar plant for alleged violation of good manufacturing practices.

Bharat Electronics Ltd: Bharat Electronics said it will buy back equity shares worth Rs.2,171 crore, a part of which will accrue to the government.

Dr Reddy's Laboratories: The pharma company has received approval from the Central Drug Standard Control Organisation (CDSCO) to export drugs for the European Union market, as per media report.

ICICI Bank: S&P Global Ratings lowered ICICI Bank's standalone credit profile to 'bbb-' from 'bbb' saying the private bank's asset quality will remain under pressure over the next one year.

Gateway Distriparks: The company reported 84.9% yoy fall in the net profit to Rs.9.7 crore for the quarter ended June 30 compared with Rs 64.1 crore reported in the year-ago period.

Aegis Logistics: Aegis Logistics reported 2.8% yoy growth in the net profit to Rs.26 crore for the quarter ended June compared with Rs 25.3 crore reported in the year-ago period.

Asian Paints: Asian Paints would expand the manufacturing capacity of its two units based at Sriperumbudur in Tamil Nadu and Ankaleshwar in Gujarat.

Kellton Tech Solutions Ltd: The IT company has reported its net profit rose 42% to Rs.12.2 crore for the quarter ended June 30, 2016, from Rs.8.6 crore in the year-ago period.