Wipro’s stocks will be in focus India’s third-biggest software services exporter, on Wednesday posted 7.2 per cent year-on-year rise in its consolidated net profit at Rs 2235.40 crore for the second quarter ended September 30, 2015. (Photo: Reuters)
Stock market benchmark BSE Sensex climbed over 261 points and the NSE Nifty reclaimed the 8,300 mark in early trade today, snapping its two-session losing streak, on positive cues from other Asian markets.
Below are the stocks that are in focus today
Cadila Healthcare: The pharma company shares surged on Friday after the company posted 40.56 per cent jump in consolidated net profit to Rs 390.91 for the second quarter ended on September 30, 2015-16. The share price of the company was up 2.61 per cent at Rs 442.90 in early trade.
Wipro: India’s third-biggest software services exporter’s share price was down 1.44 per cent at Rs 569.60 after the company on Wednesday posted 7.2 per cent year-on-year rise in its consolidated net profit at Rs 2235.40 crore for the second quarter ended September 30, 2015.
JSW Steel: The Sajjan Jindal-led company on Wednesday said its net profit slipped by 84 per cent to Rs 116.95 crore in the July-September quarter due to a sharp fall in net sales as the key sector faces weak demand and cheap imports.
Idea Cellular: India’s third-biggest mobile phone company Idea Cellular Ltd, on Wednesday said its net profit for the July-September period increased 7% to Rs 809.3 crore from Rs 755.9 crore a year earlier, weighed by lower interconnection charges and pressure on mobile data charges.
Hero MotoCorp: The country’s largest two-wheeler maker on Thursday said that it plans to enter three new countries — Argentina, Mexico and Nigeria — by the end of this year as it looks to widen footprint across global markets.
Cairn India: Private explorer Cairn India on Wednesday reported 70.45% drop in its net profit during the July-September quarter of FY16 mainly due to decline in crude prices.
On Friday, Asian Paints, Raj TV, GSFC, Infratel, Rallis India, Chola Finance, Steel Stripes wheels and Symphony may announce their earnings.
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