S H Kelkar shares will be in focus as company will get listed on the stock exchanges today. The company’s Rs 500-crore IPO which closed last month had received an overwhelming response from investors and was over-subscribed 27.08 times. (Reuters)
The downward trend in domestic markets is expected to continue on Monday ahead of announcement of wholesale inflation data later in the day, according to experts.
According to a Reuters report, global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but few strategists expect a prolonged economic impact or change in prevailing market directions.
The benchmark BSE Sensex and NSE Nifty declined 256.42 points and 62.75 points at 25,610.53 and 7,762.25, respectively, on Friday.
Below are the stocks that are likely to be in focus today:
Jindal Steel and Power Ltd: The company said it plans to cut costs and divest some non-core assets, as it swung to a second-quarter loss due to a drop in iron and steel sales and a one-time charge linked to an overseas unit.
Tata Steel: The company wants to sell its plant in northern England to give it the “best chance of survival” as the UK industry has been struggling under a flood of cheap steel being pumped in from China, which has depressed prices.
GMR Infrastructure: GMR Infrastructure on Saturday said its consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports. The company had reported a net loss of Rs 609.86 crore in the year-ago period, it said in a filing to BSE.
Apollo Hospitals Enterprise: Healthcare major Apollo Hospitals Enterprise on Saturday reported a 2.37 per cent rise in standalone net profit at Rs 93.67 crore for the quarter ended September. The company had posted a net profit of Rs 91.50 crore for the corresponding period of the previous fiscal, Apollo Hospitals said in a regulatory filing.
Dhanlaxmi Bank: Private sector lender Dhanlaxmi Bank has posted a staggering decline in net profit to Rs 45 lakh for the quarter ended September 30, 2015. The bank had a net profit of Rs 5 crore in the corresponding quarter last fiscal.
Coal India: Coal India, the world’s biggest coal miner, on Friday posted a 16 per cent rise in consolidated net profit at Rs 2,543.80 crore for the quarter ended September 30 on the back of higher sales.
S H Kelkar: Shares of fragrance maker S H Kelkar and Company will get listed on the stock exchanges, BSE and NSE, on Monday. The company’s Rs 500-crore initial public issue (IPO) which closed last month had received an overwhelming response from investors and was over-subscribed 27.08 times
Eveready Industries: Eveready Industries India on Friday reported 21.76 per cent decline in standalone net profit at Rs 13.80 crore for the quarter ended September 30, 2015, due to lower sales and higher expenses.
Wockhardt: Wockhardt on Friday reported a multi-fold jump in consolidated net profit at Rs 107.59 crore for the second quarter ended September 30, mainly on account of robust sales and lower tax expense.
Sobha Ltd: Bengaluru-based realty firm Sobha Ltd reported 33 per cent decline in consolidated net profit at Rs 40.1 crore for the quarter ended September 30, on lower sales. Its net profit stood at Rs 59.5 crore in the year-ago period.
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