Top Stock Focus

*Top 20 stocks in focus today: ITC, Axis Bank, Bharti Airtel*

26 Oct 2016 08:09 AM

ITC: The company will announce its Q2 numbers today.

Bharti Airtel Ltd: The company has posted a net profit of Rs 1460 crore for the quarter ended September 30, 2016 as compared to Rs 1536 crore for the quarter ended September 30, 2015. 

Adani Ports: The company posted a net profit after tax, minority interest and share of profit of associates of Rs 1091 crore for the quarter ended September 30, 2016 as compared to Rs 677.6 crore for the quarter ended September 30, 2015.

Crompton Greaves Consumer Electricals Ltd: The company reported a net profit of Rs 55 crore for the quarter ended September 30. The net sales stood at Rs 890 crore.

NBCC: The Union Urban Development Ministry today signed a Memorandum of Understanding (MoU) with NBCC and CPWD for redevelopment of seven General Pool Residential Accommodation (GPRA) colonies here.

Symphony: Symphony reported a 37% jump in standalone net profit at Rs 39 crore for the second quarter ended September on account of higher sales.

Thyrocare Technologies: Thyrocare Technologies reported 22% rise in its consolidated net profit to Rs 20 crore for the second quarter ended September 30.

Granules India: Granules India announced 26% jump in net profit at Rs 41 crore in the quarter ended September 30 as compared to Rs 32 crore in the corresponding period a year ago. 

Mahindra & Mahindra: Mahindra & Mahindra is planning to target the premium motorcycle segment even as it scales down the mass market business, in a bid to become profitable, as per media report.

Arvind: Arvind announced that it is raising Rs740 crore by selling 10% stake in its brand business arm to private equity firm Multiples Private Equity.

Canara Bank: The bank will announce its Q2 numbers today.

PI Industries: PI Industries registered its net profit increased by 78% yoy to Rs 101 cr, this was primarily driven by lower taxes and increase in other income.

Hindustan Unilever Ltd: Hindustan Unilever Ltd will announce its Q2 numbers today.

L&T Finance Holdings: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 248 crore for the quarter ended September 30, 2016 as compared to Rs 215 crore for the quarter ended September 30, 2015.

Shakti Pumps: Shakti Pumps’ Q2FY17 standalone net revenue for the quarter was higher by 9.1% yoy to Rs 75.4 cr.

Mahindra & Mahindra Financial Services: The company has posted a net profit of Rs 95 crore for the quarter ended September 30, 2016 as compared to Rs 146.2 crore for the quarter ended September 30, 2015.

Alembic Pharmaceuticals: The consolidated net revenue for the quarter declined by 13.7% yoy to Rs 879 cr due to strong decline in exports by 28% yoy.

Federal Bank:The bank has posted a net profit of Rs 201 crore for the quarter ended September 30, 2016 as compared to Rs 161 crore for the quarter ended September 30, 2015.

Asian Paints: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 494.7 crore for the quarter ended September 30, 2016 as compared to Rs 418.8 crore for the quarter ended September 30, 2015.

IDBI Bank: IDBI Bank posted a net profit of Rs 55.5 crore for the quarter ended September 30, 2016 as compared to Rs 119.5 crore for the quarter ended September 30, 2015.

KSB Pumps: The standalone revenue of the company declined by 12% to Rs 162 cr yoy due to fall in pumps segment revenue. It derives 75% of total revenue from pump business.

Jyothy Laboratories: Jyothy Laboratories revenue came in 1.7% lower than our estimate of Rs 441 cr yoy. EBITDA stood at Rs 64 cr higher than estimate of Rs 59 cr. Net profit was 2.3% higher than the estimated figure of Rs 31 cr yoy.

Welspun Corp: The consolidated net revenue for the quarter came in significantly lower (43.4%) yoy to Rs 1,207 cr. This was driven by a 44% yoy decline in sale of pipes.

Shriram Transport Finance: The profit after tax stands at Rs 387.65 crores as against Rs 338.10 crores recorded in the same period of the previous year.

MPS: The company's net profit increased 14.9% yoy to Rs 20.1 cr primarily due to other income which grew 26% yoy.

Hexaware Technologies: Hexaware Tech consolidated net revenue for the quarter grew in-line with street consensus by ~4% QoQ to Rs. 904.1 cr due to strong growth in all business segments except Insurance and healthcare segment, which fell 2.2% QoQ.

Meghmani Organics: The company reported its profit fell 13% yoy to Rs 32.52 cr.The EBITDA rose by 14.3% yoy to Rs 79 cr while EBITDA margins improved by 148 bps yoy to 19.2%

Zydus Wellness: On a consolidated basis, the net  profit,  was  up  by  10.2% yoy  to  Rs 32 cr and total  income from operations was up  by 7.5 % yoy to Rs 112 cr. The company registered  an overall consolidated  growth  of  7.6%  in  sales. With  this  performance, the revenue grew by  10%  and net profit grew  by 14.2%, for the first six months of FY 2017.