The Indian market is expected to open higher on Monday following positive trend seen in other Asian markets.
HPCL: State-owned oil marketing company Hindustan Petroleum Corporation (HPCL) turned profitable in October-December quarter. Profit came in at Rs 1,042.3 crore during the quarter against loss of Rs 320.5 crore in preceding quarter.
BPCL: State-owned oil marketing company Bharat Petroleum Corporation’s (BPCL) third quarter profit shot up 46.2 percent sequentially to Rs 1,488.6 crore on strong operational performance despite lower other income .
Nestle India Ltd: Impacted by the Maggi controversy, foods maker Nestle on Friday reported sales decline of 22.6 per cent for the October-December ’15 quarter over the corresponding year-ago quarter
Tata Steel: Tata Steel India Managing Director TV Narendran said the first phase of Kalinganagar plant in Odisha is scheduled to start commercial production at the beginning of next financial year, while the second phase ramp up with happen once demand gets better.
Bharat Forge Ltd: Swedish defence and security major Saab and Bharat Forge group have renewed their commitment to manufacture air defence solutions in India, said a media report.
Sun Pharma Ltd: Drug major Sun Pharmaceutical Industries may ask the US Food and Drug Administration (FDA) in the first quarter of next fiscal year for reinspection of its Halol facility as it undertakes remediation measures to make the plant compliant to good manufacturing practice norms.
Alok Industries Ltd: The company has posted a net loss of Rs. 1638.2 crore for the quarter ended December 31, 2015 as compared to net profit of Rs. 25.8 crore for the quarter ended December 31, 2014.
Punj Lloyd Ltd: Infrastructure major Punj Lloyd saw its net loss widening to Rs 300 crore for the quarter ended December 31, 2015 on factors including decreased income and delay in award of projects.
Financial Technologies Ltd: The Supreme Court has asked India Energy Exchange to pay Rs 31 crore dividend to Financial Technologies (India) within two weeks.
MRPL: Mangalore Refinery and Petrochemicals Ltd (MRPL) returned to black with a net profit of Rs 298 crore in the December quarter on the back of robust refining margins.