Analysts expect Cairn India’s consolidated net profit for the October-December quarter to decline by 35-55 per cent year-on-year due to the steep fall in crude oil prices and higher profit sharing with the government for the company’s Rajasthan block. Analysts’ estimates of Cairn India’s net profit vary from ₹1,300 crore to ₹1,900 crore. The company will announce its October-December quarter financial performance on Thursday, most likely after market hours.
BoB, Corporation Bank turn ex-split today
Bank of Baroda and Corporation Bank will remain in focus from Thursday, as they fixed January 22 as the ex-date for stock split. Both the banks propose to subdivide each share of face value ₹10 into five shares of face value ₹2 each. BoB, which closed at ₹1,128 on the BSE, will start trading at around ₹225 post-stock split and Corporation Bank, which closed at ₹388, at around ₹75-80. Those buying these shares from Thursday will not get the stock-split shares.
Mahindra Holidays, Biocon results today
Biocon, Alembic, Dish TV India, Mastek, Mahindra Holidays & Resorts, Essar Ports, HCL Infosystems, Polaris Consulting Services, Parrys Sugar Industries, Muthoot Finance, Somany Ceramics, Zuari Agro Chemicals, Orient Cement, Zee Media Corporation, Sterlite Technologies and Deepak Nitrite are some of the prominent companies that are scheduled to declare their October-December quarter financial performance during the day today.