The Indian market is expected to open higher on Wednesday tracking positive trend seen in other Asian markets.
Here is a list of top Ten stocks that are likely to be in focus today:
Cipla: Cipla Ltd, India’s fifth-largest drugmaker by sales, reported a fall of 69 per cent in its quarterly earnings on Tuesday, far short of analysts’ forecasts.
Bajaj Auto: The two-wheeler maker is expected to report 31 per cent YoY jump in net profit to Rs 815 crore compared with 621.60 crore reported in the year-ago period.
Tata Steel: Tata Steel which will report its results for the quarter ended March 31 later today said that at least four parties have submitted bids for the British assets of Tata Steel ahead of the company’s board meeting this week that could determine their fate, according to sources close to the bidders.
L&T: Diversified conglomerate Larsen & Toubro (L&T) is expected to report 24.5 per cent YoY drop in the net profit to Rs 15,622 crore for the quarter ended March 31 compared with Rs 20,696 crore reported in the year-ago period, Kotak Securities said in a report.
Ashok Leyland: Ashok Leyland is expected to report 85 per cent jump in the net profit to Rs 425 crore for the quarter ended March 31 compared with 230 crore reported in the year-ago period.
Tech Mahindra: Tech Mahindra on Tuesday reported an 18.18 per cent quarter-on-quarter (QoQ) rise in March quarter net profit at Rs 897 crore. Ebitda margin fell to 16.87 per cent during the quarter from 16.95 per cent in the previous quarter.
Bharti Airtel: The telecom major has completed the acquisition of Videocon’s airwaves in six circles for Rs 4,428 crore, the two companies said in a joint statement Tuesday.
Jubilant Life Sciences: Drug maker Jubilant Life Sciences LtdBSE -0.44 % on Tuesday reported a 65.41% rise in its consolidated net profit to Rs.70.68 crore for the quarter ended March 2016.
Ruchi Soya Industries: The Securities and Exchange Board of India has barred Ruchi Soya IndustriesBSE -12.47 %, the country’s largest soya oil producer, from dealing in the securities market for indulging in manipulative and fraudulent activities in castor seed contracts.
GAIL India: GAILBSE 1.25 % is expected to report 14.9 per cent growth in the net profit to Rs 586 crore for the quarter ended March 31 compared with Rs 510 crore reported in the year0-ago period.