Top 16 Stocks in Focus Today: Biocon, Tata Communications

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

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Cipla: The pharma company will announce its Q2 numbers today. 

Biocon: Biocon and its partner Mylan Inc announced submission of Mylan's biologics licence application to USFDA for a proposed biosimilar to branded trastuzumab for treatment of certain breast and gastric cancers. 

Tata Communications: The company on Tuesday reported a dip of 64% in its consolidated net profit at Rs 40 crore for the September quarter, mainly due to impairment charges on its investment in South Africa-based firm Neotel. The company had posted a net profit of Rs 112.3 crore in the same period a year ago.

IndiGo: InterGlobe Aviation registered a 24% rise in net profit at Rs 139.9 crore in the quarter ended September 2016.It had reported a net profit of Rs 113.13 crore in the corresponding quarter last year.

Lupin: The pharma company will announce its Q2 numbers today.

Larsen & Toubro: Larsen & Toubro announced that it has forged a long-term technical licence agreement with Chiyoda Corporation for its flue gas desulphurisation (FGD) technology.

Va Tech Wabag: The company posted a net profit of Rs 28.4 crore for the quarter ended September 30, 2016 as compared to Rs 24.12 crore for the quarter ended September 30, 2015.

Bosch: The company will announce its Q2 numbers today.

Repco Home Finance: The company earned a net profit of Rs 45.7 crore for the quarter ended September 2016 as against Rs 39 crore earned during the same period last year, registering a growth of 17%.

Nagarjuna Oil Refinery: The board of directors of the company considered and approved sale of 77.6 crore equity share of Rs 10 each held by the company in Nagarjuna Oil Corporation.

Mangalore Refinery and Petrochemicals: The company reported a net profit of Rs 415.9 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 913.4 crore in the corresponding quarter last year.

PTC India Financial Services: PFS reported a decline of 59% in standalone net profit at Rs 84.9 crore for the July-September quarter of the fiscal. Company's profit in corresponding July-September quarter was at Rs 211.4 crore.

Adani Enterprises Ltd: Adani Enterprises will make unmanned aerial vehicles (UAVs), also known as drones, in joint venture with Israeli firm Elbit Systems.

Bharat Forge Q2 FY17 net profit falls 26%

Bharat Forge Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2016

Ashok Leyland Q2 FY17 PAT rises 71% YoY

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The company has posted a net profit after tax of Rs 127 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.  

Total income has decreased from Rs 1,199 crore for the quarter ended September 30, 2015 to Rs 966.8 crore for the quarter ended September 30, 2016.  

Stock Commentary:  

Bharat Forge Ltd is currently trading at Rs 854.9, down by Rs 3.35 or 0.39% from its previous closing of Rs 858.25 on the BSE.  

The scrip opened at Rs 869.95 and has touched a high and low of Rs 869.95 and Rs 842.2 respectively. So far 1399395 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 19980.06 crore.  

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 979.35 on 10-Oct-2016 and a 52 week low of Rs 686.8 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 893 and Rs 820.1 respectively.  

The promoters holding in the company stood at 46.74 % while Institutions and Non-Institutions held 33.61 % and 19.64 % respectively.

The stock is currently trading below its 50 DMA.