Q2 results on October 22 & 24
Private banking major Axis Bank, telecom giant Idea Cellular and NBFC biggy Reliance Capital are to come up with their respective earnings on October 24. In other results Kalindee Rail, L&T Finance, Persistent Systems, Bharti Infratel and Rallis India will also be posting their Q2 during or post weekend.
Dwarikesh Sugar– Engaged in manufacture of sugar and allied products.
Kalindee Rail Nirman– Engaged in engineering, procurement and construction (EPC) company for railway sector.
L&T Finance Holdings- Company is a NBFC which is engaged in the business of lending. Company is expected to post good set of numbers.
L.G. Balakrishnan & Bros- The Company is engaged in the business of manufacturing chains, sprockets and metal formed parts for automotive applications. Strong earnings are expected from the company.
Persistent Systems- Mid-tier IT company is expected to present in-line set of numbers over the weekend.
Adani Enterprises- The company is a global integrated infrastructure company with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation, and transmission and gas distribution.
Adani Power- India’s largest coal-based power producer.
Adani Transmission- Engaged in engineering, construction management or operation and maintenance business.
Axis Bank- Country’s third largest private sector lender is expected to post a better result this time around. However, NPA watch list would be closely watched along with asset quality concerns if any. Management would also take center stage.
Bharti Infratel- Engaged in providing Telecom Tower Infrastructure sharing for telecommunication services.
Greenply Industries- The Company is engaged in the business of manufacturing plywood and allied products, medium density fibreboards (MDF) and allied products through its factories at various locations.
Gujarat State Fertilizers & Chemicals- Engaged in the development of crop nutrition solutions.
Idea Cellular- India’s third largest telecom player will be posting its results for the first time since Jio’s launch. Data and voice revenue will be closely tracked along with management commentary on competition and auction win.
Indiabulls Real Estate- Engaged in real estate business.
Mahindra CIE Automotive- Auto component supplier.
Muthoot Capital Services- South based NBFC. Loan growth will be important figure.
Navin Fluorine Internationals - The Company focuses on fluorine chemistry, producing refrigeration gases, some basic building block fluorides and specialty organofluorines.
Rallis India- The Company is engaged in the manufacture and marketing of Agri Inputs. Impact of monsoons will be key in results.
Reliance Capital: The Company has interests in asset management and mutual funds, pension funds, life and general insurance, commercial finance etc.
Swaraj Engines: Engaged in manufacturing engines for fitment into Swaraj tractors, which is manufactured by Mahindra & Mahindra Ltd. (M&M) at its Swaraj Division.
Tata Metaliks: Engaged in the manufacture of foundry grade pig iron.
Thyrocare Technologies: The Company offers a range of medical diagnostic tests and profiles of tests that centre on early detection and management of disorders and diseases.
Shares of all the results affected stocks are likely to remain in focus when market opens for trading on Monday, October 24, 2016.