 "Firm start at the D-Street is expected as global stocks fly")
Markets are likely to witness a firm opening following strength in the global peers with as investors cheered good Chinese service PMI numbers. Stock specific action is likely to prevail as the earning season continues. FII stance coupled with movement of rupee and crude oil will dictate the trend on the bourses later during the session.
STOCKS ON THE RADAR
Tech Mahindra reported 9.2 per cent increase in its September quarter profit at Rs 786 crore, helped by volume growth and margin expansion.
Indian Oil Corporation posted a net loss of Rs 329 crore in the second quarter ended September as against a net loss of Rs 898 crore in the corresponding quarter on the back of inventory loses due to crude price slump.
DLF recorded a 21 per cent increase in consolidated profit at Rs 131.5 crore during the second quarter of the financial year 2015-16. In the same period last year, the company's profit was Rs 109.06 crore, according to filings on the BSE.
Tata Capital Financial Services (TCFSL), a wholly-owned subsidiary of Tata Capital, plans to raise capital worth Rs 500 crore through tier-II bonds and scale up business in areas such as loan against properties and affordable housing.
Reliance Power Company's net surged by 37% to Rs 346 crore for the quarter ended September 30 against Rs 253 crore in the corresponding quarter last year.
The HDFC Group has set up a new fund management company, HDFC Capital Advisors, to launch an offshore real estate fund
United Spirits Ltd (USL) sold French winery Bouvet Ladubay to an undisclosed buyer as part of its restructuring exercise.
ABB India reported third quarter profit growth of 30 per cent to Rs 58.74 crore on higher volumes, favourable exchange rates and improved efficiency. Revenue grew marginally to Rs 1969.49 crore during the quarter.
PVR's PAT grew five times for the quarter ended September 30, 2015. The company's net profit stood at Rs 41.1 crores as against of Rs 8.2 crores in the same period last year.
GAIL India reported a 66.19 per cent plunge in second quarter net profit on lower LPG and petrochemical prices.
After acquiring Barista Coffee for almost a year,Amtek Group has plans to sell off the lossmaking Italian coffee chain, according to media reports.
Bombay Dyeing and Manufacturing reported a loss of Rs 65.64 crore for the quarter ended September 30, 2015, against that of Rs 34.43 crore in the same period of previous fiscal.
Hero MotoCorp reported 11.25 per cent rise in sales at 6,39,802 units in October, its highest ever in a single month.
Ashok Leyland, Canara Bank, Engineers India, Fortis Healthcare and Bank of Mhahrashtera, Godrej Properties, IDBI Bank and Marico among others are scheduled to release their quarterly results today.
