ICICI Bank will announce its second quarter results on Friday.
The BSE Sensex and NSE Nifty opened on a flat note on Friday. Sensex opened 40.34 points up at 26,878.48. Nifty opened 11.8 points up at 8,123.55.
Below are the stocks that are likely to be in focus today.
Nestle India: Nestle India on Thursday reported a 60.1 per cent decline in its stand-alone net profit at Rs 124.20 crore for the third quarter ended September 2015 after Maggi noodles controvesry. The company was forced to withdraw Maggi from market and stop production in June following tests by certain labs allegedly finding lead and MSG beyond permissible limits.
Dr Reddy’s Lab: The drug major on Thursday reported 25.74 per cent increase in its consolidated net profit at Rs 721.89 crore for the second quarter ended September 30.
ICICI Bank: The private sector lender will announce its Q2 results on Friday. For the first quarter ended June 30, 2015, the bank posted net profit of Rs 2,976.16 crore, up 12.08 per cent, against Rs 2,655.30 crore in the corresponding quarter a year.
HCL Technologies: The global IT services provider on Friday after market hours on Thursday announced that it has acquired Minneapolis-based PowerObjects – a leading North American provider of Microsoft Dynamics CRM. This will bolster HCL’s global applications business, which offers transformational programs and complex application management for a myriad of clients’ technology landscapes.
Cipla: The drug major has entered into an agreement to sell its entire stake in Biomab Holding to Biomab Brilliant Ltd for a consideration of USD 25,775,000 to focus on biological segment under its arm Cipla BioTec.
ITC: The FMCG major will also announce its Q2 results on Friday. ITC posted net profit of Rs 2265.44 crore for the quarter ended June 30, 2015 against Rs 2,186.39 crore in the same quarter last year.
Spicejet: SpiceJet’s chief operating officer Sanjiv Kapoor on Thursday put in his papers, nearly ten months after original promoter Ajay Singh took over the reins of the budget airline.
Grasim Industries: The Aditya Birla Group firm on Thursday reported 17 per cent growth in consolidated net profit at Rs 488.50 crore for the quarter ended September 30, 2015, helped by higher sales, among other factors.
Glenmark Pharmaceuticals: The drug company reported 19.81 per cent increase in consolidated net profit to Rs 197.78 crore for the second quarter ended September 30, driven by good growth in India, US and Europe.
Jaiprakash Associates: The company on Thursday said CCI has found that the company is not enjoying dominant position in the real estate market of Noida and Greater Noida. By a majority order, the Competition Commission of India (CCI) has dismissed charges of dominant market position abuse against Jaiprakash Associates in the real estate sector.
Emami: The FMCG company on Thursday reported 32.97 per cent decline in consolidated net profit at Rs 61.34 crore for the second quarter ended September 30, 2015 on account of amortisation of Kesh King intangibles.
Rajesh Exports: Rajesh Exports on Thursday said it has bagged a Rs 125-crore order of special range jewellery from Valcambi, for the European market.
Jet Airways: The airline on Thursday said it has repaid loans worth Rs 558 crore in the September quarter and expects its debt burden to come down as business improves.
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