Top 10 stocks in focus today: Larsen and Toubro, HDFC Bank, Monsanto
Larsen and Toubro: Suuti will pare its holding in India’s largest engineering company Larsen and Toubro Ltd through a block deal, as per media reports.
Union Bank of India: The bank will announce its Q2 numbers today.
ICRA: ICRA reported a 5% jump in net profit to Rs 21.6 crore for the second quarter ended September. It had recorded a consolidated net profit of Rs 20.5 crore in the same quarter last fiscal.
EIH Ltd: EIH registered a decline of 59% in standalone net profit at Rs 3.79 crore for the second quarter to September 2016. The company had posted a net profit of Rs 9.24 crore in July-September a year-ago.
Parsvnath Developers: The company informed that it has, pursuant to the joint venture agreement with Vasavi Nirmaan, incorporated a subsidiary company named ‘Vasavi PDL Ventures Private Limited’ (“VPVPL”) to develop the multi-complex on the land situated at Kukatpally, Hyderabad, by subscribing to 51% of the paid up capital of VPVPL.
Monsanto: Monsanto India reported a net profit of Rs 0.89 lakh for the quarter ended September as against a net loss of Rs 26.38 crore in the year-ago period.
Shoppers Stop: Shoppers Stop reported a decline of 11% in standalone net profit at Rs 11 crore for the second quarter ended September 30, 2016. It had posted a net profit of Rs 12 crore in July-September quarter a year ago.
Mphasis: The IT company registered 3% rise in its consolidated net profit at Rs 211 crore for the quarter ended September 30, 2016 against Rs 204 crore in the same quarter last year.
TD Power Systems: TD Power posted net profit of Rs 1.3 crore for the quarter ended September 30, 2016 against net profit of Rs 1.1 crore in the same quarter a year ago.
HDFC Bank and ICICI Bank: HDFC Bank and ICICI Bank on Thursday cut home loan rates by 0.15%.