Tata Motors may drop after posting weak Q4 results

Tata Motors' consolidated net profit fell 16.79% to Rs 4336 crore on 2.86% fall in revenues to Rs 77272 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. Consolidated profit was lower due to translation impact from Pound to Indian Rupee.

Adani Ports & Special Economic Zone and Lupin will announce Q4 results today, 24 May 2017.

Karnataka Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management (HDFCAML). Mahabaleswara MS, Managing Director and Chief Executive Officer of Karnataka Bank said that investment in mutual funds will provide an opportunity to those customers who are uncomfortable in investing directly in stock markets. The announcement was made after market hours yesterday, 23 May 2017.

JB Chemicals & Pharmaceuticals' net profit fell 16.6% to Rs 42.14 crore on 1.17% fall in total income to Rs 319.02 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Meanwhile, JB Chemicals & Pharmaceuticals board of directors has approved the buy-back of up to 12.50 lakh shares at Rs 400 per share for a total consideration not exceeding Rs 50 crore, through the tender offer route on a proportionate basis.

NCC reported 26.11% fall in net profit to Rs 63.71 crore on 13.54% rise in total income to Rs 2186.50 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. The result was declared after market hours yesterday, 23 May 2017.

Sunteck Realty announced that a meeting of the board of directors of the company will be held on 8 June 2017, to consider stock split. The announcement was made before market hours today, 24 May 2017.

Himatsingka Seide's net profit rose 31.91% to Rs 43.57 crore on 55.67% rise in net total revenue to Rs 404.05 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Redington India said that Redington Gulf FZE (RGF), a step down subsidiary of the company acquired additional 10% stake from shareholder of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) for a consideration of $0.99 million. With this the total stake of RGF in Link plus is 90%.

Redington India had earlier announced that Redington Gulf FZE (RGF), acquired 70% and subsequently 10% stake in Linkplus. The announcement was made after market hours yesterday, 23 May 2017.

Cupid's net profit rose 7% to Rs 4.92 crore on 1% rise in total operating income to Rs 18.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 23 May 2017.

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