Monday, 24 October 2016

Top 11 Stocks in Focus Today: Wipro, Sun Pharma, Mindtree



Check out the companies which will be in focus during trade today based on recent and latest news developments. For More Information visit www.marketmagnify.com/freetrial.php  
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Wipro: Wipro posted 8.2% year-on-year drop in net profit at Rs 2,070 crore for the second quarter of this financial ended September 30, 2016.
Sun Pharma: Sun Pharmaceutical Industries completed the divestment of its seven prescription brands in India to RPG Life Sciences.
Axis Bank: The bank will announce its Q2 numbers today.
Adani Enterprises: The company will announce its Q2 numbers today.
Idea Cellular: The telecom company will announce its Q2 numbers today.
M&M: Mahindra and Mahindra has acquired the UK-based two-wheeler manufacturer BSA Company for 34 lakh Pounds (around Rs 28 crore), said a media report.
State Bank of Bikaner and Jaipur: State Bank of Bikaner and Jaipur has reported a loss of Rs 210 crore for the September quarter mainly on account of higher non-performing assets due to changes in the group's policy of classifying loans and advances.
HCL Technologies: The company said it will acquire Butler America Aerospace for USD85mn in cash, a move aimed at strengthening its position in the aerospace and defence engineering services space.
UltraTech Cement: UltraTech Cement said its shareholders have approved the merger of the cement business of the debt-laden JP Group with itself.
RPG Life Sciences: RPG Life Sciences reported its net profit jumped 300% to Rs 10.3 crore in the quarter ended September 2016 as against Rs 2.6 crore during the previous quarter ended September 2015.
Apollo Tyres: Apollo Tyres Ltd has informed BSE that the "Committee of Directors-NCDs" at its meeting held on October 21, 2016, has allotted Non Convertible Debentures (NCDs) on a Private Placement basis aggregating to Rs 300 Crore.

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