Twelve stocks in focus for trade today

Here are some of the stocks you need to keep a tab on for today

RESULT CALENDAR FOR THE WEEK

Bharat Petroleum Corporation, Tata Power, Cipla, Tech Mahindra, Bajaj Auto, GAIL (India), Tata Steel, Larsen & Toubro, Bharat Heavy Electricals, State Bank of India and Coal India, among others, will announce their fourth quarter results this week.

12 STOCKS IN FOCUS

Private lender HDFC Bank plans to open about 500 new branches this financial year as part of its steps to expand footprint.

Oil and Natural Gas Corporation (ONGC) is facing a repeat of the Krishna Godavari (KG) basin fiasco in Iran, as lengthy negotiations on terms may drive it to a point where its discovered gas reserves in Farzad-B field in the Persian Gulf may be drawn out by neighbouring Saudi Arabia.

 

Tata Motors is in talks with a local manufacturer in Iran to set up a joint venture for assembling its petrol cars here, as it looks to tap the fast growing market that has just emerged from sanctions.

SpiceJet, which has remained profitable for five straight quarters, is looking to list its securities on the National Stock Exchange.

The apex consumer commission has directed Unitech to pay over Rs 60 lakh to a Gurgaon resident for not giving him possession of an apartment booked a decade ago at Greater Noida.

The state-run BHEL will be dropped from the BSE's benchmark index Sensex from June 20 and will be replaced by Power Grid Corporation of India. 

State-owned National Aluminium Company(NALCO) will consider a proposal to buy back its shares at a board meeting scheduled on May 25, the company said in filing to the Bombay Stock Exchange on Friday.

Cox & Kings posted a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 64.56 crore for the corresponding period of the previous fiscal.

Britannia Industries reported a 13.73% increase in its consolidated net profit at Rs 190.23 crore for the quarter ended March 31, 2016. 

IDBI Bank recorded a net loss of Rs 1,735.81 crore for the March quarter, hit by a two-fold jump in bad loans. The bank had earned a net profit of Rs 545.94 crore during the January-March period of 2014-15. 

Balrampur Chini Mills reported a 30% jump in standalone net profit at Rs 98.78 crore for the March quarter, on better realisation from sale of the sweetener. 

Somany Ceramics: The company reported a 76.31 per cent increase in standalone net profit at Rs 26.06 crore for the fourth quarter ended March.