Asian Paints in focus after Q3 results

Asian Paints' consolidated net profit rose 15.9% to Rs 567.21 crore on 10.5% growth in net sales to Rs 4260.52 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 January 2018.

Just Dial's net profit rose 4.2% to Rs 28.60 crore on 9.2% growth in net sales to Rs 196.79 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 January 2018.

Among Nifty 50 companies, Indiabulls Housing Finance is scheduled to announce Q3 December 2017 results today, 23 January 2018.

Indian Oil Corporation said that the board of directors of the company may consider bonus issue of shares along with its announcement of Q3 results in a meet on 30 January 2018. The announcement was made after market hours yesterday, 22 January 2018.

Kalpataru Power Transmission (KPTL) secured new orders/notification of award of Rs 871 crore. Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO of the company said that the current orders reflect continued success of the company's railway and pipeline businesses. The cumulative order intake from these businesses this year has exceeded Rs 2600 crore. This will provide further impetus for growth in the next year, he added. The announcement was made after market hours yesterday, 22 January 2018.

Om Metals Infraprojects announced that it has reached a compromise/settlement with Jaipur based realty developer in a prestigious land of 56,000 square meters in Viswa Karma Industrial Area (VKIA), Jaipur. The company announced that its associate company Om Metals Infotech (OMIPL) has secured compromise/settlement with Riya Garments who has agreed to withdraw its claim on the land from the High Court of Rajasthan.

The land was purchased by the company in an auction from IDBI bank in year 2006-07 and Riya Garments challenged the sale. The execution of settlement agreement shall be presented to the High Court of Rajasthan and the same will take place in some time. This 56,000 sqmt land, which has been in the company's possession since the date of purchase, is well located in the city of Jaipur and has potential of being developed as residential/commercial subject to approval from appropriate authorities. The announcement was made after market hours yesterday, 22 January 2018.

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