Top 10 Stocks in focus today: Tata Communications, Infratel, MOIL
Tata Communications: Tata Communications posted an over 12-fold jump in its December quarter net profit at Rs 1,413 crore on account of realisation from sale of its data centre. It had posted a net profit of Rs 110.7 crore in the same period a year ago.
Bharti Infratel: Mobile tower company Bharti Infratel reported 25% increase in consolidated net profit to Rs 620 crore for the December quarter of the current fiscal. It had posted net profit of Rs 495 crore in the same period of last fiscal, 2015-16.
MOIL: Government will sell 10% stake in state-owned manganese miner MOIL on Tuesday at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.
Hindustan Unilever Ltd: HUL reported 7% increase in standalone net profit to Rs 1,038 crore for the third quarter of current fiscal on account of strong exceptional income. HUL had posted net profit of Rs 972 crore in the October-December quarter of last fiscal.
Asian Paints: Asian Paints registered 1.5% increase in consolidated net profit at Rs 489 crore for the third December quarter of the current fiscal. It had posted net profit of Rs 482 crore in the corresponding quarter last year.
Den Networks: Den Networks reported narrowing of consolidated net loss at Rs 45 crore for the third quarter ended December 31. The company had posted consolidated net loss of Rs 87.4 crore in the same quarter of the previous fiscal.
Sun Pharmaceutical Industries: Sun Pharma is looking to sell its US subsidiary, Ohm Laboratories, as it looks to consolidate its operations in the country, as per media report.
GIC Housing Finance: GIC Housing reported a 12.6% increase in its net profit at Rs 34 crore for the third quarter ended December. The company’s net profit stood at Rs 31 crore in the corresponding October-December quarter of 2015-16.
EIH Ltd: EIH posted 8% increase in its standalone net profit to Rs 54.31 crore for the third quarter ended December 31, 2016. It had posted a net profit of Rs 50.15 crore for the corresponding period of the previous fiscal.
Karnataka Bank: The bank reported a fall of 29% in net profit at Rs 68.5 crore for the third quarter ended December 31, 2016 as higher allocation to cover bad loans eroded benefits. Bank’s net profit in corresponding October-December quarter of 2015-16 stood at Rs 96.9 crore.