Stocks To Watch: Wipro, Ashok Leyland, ITC And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, fell 0.4 percent to 8,661.

Here are the stocks to watch out for in today’s session:

Wipro

• Posts a 1.7 percent profit growth for quarter-ended December 31
• Expects a muted revenue growth in the quarter ending March 2017
• To acquire I.T. services provider Infoserver

Ashok Leyland

• Posts a 13 percent decline in profit for the third quarter, missing street estimates
• Says Q3 challenging to the industry due to higher input costs, demonetisation

MOIL

• Share sale sees robust retail demand
• Government nets Rs 480 crore

Also Read: RBI Industrial Outlook Survey Points To Souring Business Sentiment

• GAIL: To issue free shares, pay interim dividend.
• IDFC Bank: Posts a 21 percent decline in net profit year-on-year, in the third quarter on account of higher provisioning.
• Dredging Corp: Wins Rs 102 crore Bangladesh contract.
• Raymond: Consolidated net loss reduced to Rs 14.69 crore for the third quarter ended December 31.
• Exide Industries: Reports a 9.41 percent increase in standalone net profit for the third quarter of current fiscal, driven by sale of motorcycle batteries.
• Indian Bank: Lender posts a 671.65 percent growth in profit for third quarter.
• Indiabulls Real Estate: Posts a 13.7 percent decline in its third-quarter net profit.
• Allahabad Bank: Board approves raising of Basel III compliant Tier 2 bonds worth Rs 1,000 crore.
• Dilip Buildcon: Infrastructure firm gets project worth Rs 911 crore from National Highway Authority of India.
• BSE: The first initial public offering by an Indian stock exchange was subscribed 51.06 times the number of shares issued on the third and final day of bidding.

• Tata Steel: To acquire majority equity stake in the proposed Subarnarekha Port in Odisha.
• Bharat Electronics: Board to meet on January 27 to consider sub-division of equity shares.
• JK Cement: Promoter Yadupati Gaur Singhania cuts stake to 17.57 percent from earlier 20.43 percent.
• Reliance Communications: Moody's downgrades company’s corporate family rating and senior secured notes from B1 to B2 with negative outlook.
• Mphasis: To consider buy-back of shares on January 31.
• GHCL: To consider mid-year dividend, buy-back on January 31.

Media Reports

• PVR: Multiplex chain operator is scouting for more acquisition opportunities as it plans to add over 100 more screens by the end of next fiscal. (PTI)
• Bank of Baroda: Eyes IL&FS custodian business worth Rs 600 crore. (Business Standard)
• GVK: Company emerges as the sole bidder for Navi Mumbai airport. (Mint)
• Power Grid: Signs memorandum of understanding with Abu Dhabi for smart grid and transmission. (Bloomberg)
• United Breweries: Embattled businessman Vijay Mallya-led United Breweries said it is not privy to any of the loans taken by Kingfisher Airlines or investigations related to it.
• Vedanta Ltd: Parent Vedanta Resources raised $1 billion through an 5-year bond sale to overseas investors. (PTI)
• HDFC Bank: Lender let go of nearly 4,500 employees in the October-December quarter as earnings growth fell to an 18-year low and costs became a big focus area. (Economic Times)

Earnings Watch

• ITC
• Sun Pharma Advanced Research Company
• Colgate Palmolive (India)
• Tata Coffee
• Bharat Electronics
• Binani Industries
• Gujarat Alkalies and Chemicals
• The India Cements
• India Nippon Electricals
• Indoco Remedies
• Just Dial Limited
• Kirloskar Brothers
• Sundaram Finance
• Zuari Agro Chemicals