Bank stocks will be in focus ahead of the Reserve Bank of India's (RBI) third bi-monthly monetary policy statement at 11:00 IST today, 4 August 2015. The RBI had cut its benchmark lending rate viz. the repo rate by 25 basis points to 7.25% after a monetary policy review on 2 June 2015.
Interest rate sensitive realty and auto stocks will be in spotlight ahead of RBI's monetary policy review today, 4 August 2015.
Hero MotoCorp's net profit rose 33.33% to Rs 750.34 crore on 1.15% decline in total turnover (net sales plus other operating income) to Rs 6955.26 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 3 August 2015.
Commenting on the company's Q1 performance, Pawan Munjal, Chairman, Chief Executive Officer and Managing Director of Hero MotoCorp said that during Q1 June 2015, the company continued to strengthen its market leadership through a combination of new product launches and strategic marketing initiatives. Hero MotoCorp further expanded its already wide and diverse product portfolio with two new offerings - the Xtreme Sports and Passion Pro in this quarter. These products have witnessed a very poistive response, enabling it to fortify its leadership position. Strong demand for the company's products in the 125cc category has also been instrumental in driving volumes, Munjai said. Hero MotoCorp has lined up a slew of new launches including scooters and motorcycles as it moves into the festive season, Munjal said.
Among key corporate earnings, Bharti Airtel and Britannia Industries are scheduled to announce their quarter ended June 2015 results today, 4 August 2015.
Mcleod Russel India reported a net loss of Rs 23.22 crore in Q1 June 2015 lower than net loss of Rs 32 crore in Q1 June 2014. Total income rose 56.66% to Rs 187.27 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 3 August 2015.
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On a consolidated basis, Redington (India)'s net profit rose 5.50% to Rs 81.15 crore on 5.47% increase in total income to Rs 7579.36 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 3 August 2015.
NHPC announced that URI-II power station was completely restored on 2 August 2015. It was shut after a fire incident on 20 November 2014. The announcement was made after market hours yesterday, 3 August 2015.
Tata Coffee said that Chacko Purackal TInomas has been inducted as an Additional Director on the Board of the company and has been designated as Executive Director & Deputy CEO with immediate effect. The announcement was made after market hours yesterday, 3 August 2015.
On a consolidated basis, Indiabulls Real Estate's net profit rose 133.41% to Rs 90.68 crore on 20.51% increase in total income to Rs 751.34 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 3 August 2015.
Great Eastern Shipping Company turns ex-dividend today, 4 August 2015, for a final dividend of Rs 7 per share for the year ended 31 March 2015.
Honda Siel Power Products turns ex-dividend today, 4 August 2015, for a dividend of Rs 6 per share for the year ended 31 March 2015.
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