Top 10 Stocks in Focus today: Sun TV, Glenmark, Granules
Glenmark: For the third quarter ended December 31, 2016, the company reported a net profit of Rs 477 crore against Rs 196 crore in the corresponding quarter last year.
Sun TV: Sun TV stock has spiked as the CBI special court has discharged all the accused in the Aircel-Maxis case, including the owner of Sun TV, Kalanidhi Maran.
Granules: Granules India, the Indian pharma company which is based in Hyderabad informed BSE that the renewal inspection which was conducted by INFARMED, Portugal at the Gagillapur facility has been completed successfully.
Godfrey Phillips: Cigarette maker Godfrey Phillips reported an over three-fold jump in its standalone net profit at Rs 38 crore for the third quarter ended December 31, 2016. The company had reported a net profit of Rs 12.5 crore in October-December quarter a year ago.
Axis Bank: Axis Bank will raise $10 million (about Rs 67 crore) by issuing floating rate bonds from its Dubai International Financial Centre (DIFC) branch.
Ashok Leyland: The company opened a new assembly plant in Bangladesh as it aims to make further inroads into the neighbouring country. Built over a period of 15 months in Dhaka, the plant is spread over an area of 37 acres and is a joint collaboration between Ashok Leyland and IFAD Autos Limited, Bangladesh.
GE India Power: GE India Power posted a standalone net profit of Rs 121 crore for the December quarter on the back of higher revenues. The company recorded a standalone net loss of Rs 54 crore in the quarter ended December 31, 2015.
Tata Power: The company has completed acqusition of NELCO’s defence business of unattended ground sensors (UGS).
Cosmo Films: The company commences new Biaxially Oriented Polypropylene Film (BOPP) line at Karjan in Gujarat.
Ujjivan Financial Services: The company commence operations as a small finance bank from February 1, 2017 completing business transfer of its business to Ujjivan Small Finance Bank.