Top 12 Stocks in focus on Monday, 6 February 2017
Here is a list of 12 stocks that are likely to remain in focus on Monday in response to various news triggers:
Godrej Properties: The real estate company expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore.
Dr Reddy’s Laboratories: The drug major on Saturday reported a consolidated net profit of Rs 470 crore for the quarter ended December 31, 2016, registering a 19 per cent decline from Rs 579 crore in the same period a year ago.
JK Cement: The company reported over three-fold jump in its standalone net profit to Rs 66.43 crore for the third quarter ended December 31, 2016. It had
reported a net profit Rs 17.67 crore in October- December period a year-ago.
Central Bank of India: The public sector lender reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans. The bank trimmed its losses for the quarter against a Rs 836.62 crore loss it posted in the corresponding October- December quarter of the previous fiscal.
Finolex Industries: Finolex IndustriesBSE 4.50 % on Saturday reported a 69.54 per cent jump in standalone net profit at Rs 71.94 crore for the third quarter ended December 31, 2016. The company had posted a net profit of Rs 42.43 crore in the same quarter last fiscal.
Jammu and Kashmir Bank: The bank on Saturday reported a net loss at Rs 498.47 crore for the third quarter ended December 2016, mainly due to sharp jump in provisions for bad loans. It had reported a net profit of Rs 117.68 crore in October-December quarter of 2015-16.
Oriental Bank ofBSE -1.53 % Commerce: Public lender Oriental Bank of Commerce’s net loss for the December quarter narrowed to Rs 130 crore from Rs 424.70
crore in the year-ago period. Total income has increased to Rs 5,415.97 crore during the quarter ended December 31, 2016 from Rs 5,350.48 crore in the same quarter a year ago.
Indian Hotels Company: Indian Hotels on Friday registered a 59 per cent increase in its standalone net profit at Rs 92 crore for the quarter ended December
31, as compared to Rs 58 crore in the same period last year.
Jindal SteelBSE -0.22 % (JSPL): Naveen Jindal-led JSPL has said it is exploring various options, including divestment, to reduce its debt of around Rs 46,000 crore.
United Breweries (Holdings) Ltd: With CBI seizing its documents and records in the ongoing investigation against Chairman Vijay Mallya, United Breweries (Holdings) has stated that it is unable to file financial results within stipulated time and has sought time up to March 15 to file its quarterly report.
Jet Airways: Jet AirwaysBSE -1.63 % reported a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the three months ended December 2016 as higher fuel expenses and other costs adversely impacted the full service carrier. The airline hada net profit of Rs 467.11 crore in the year-ago period.
ACC: Cement manufacturer ACCBSE 1.40 % on Saturday posted a 45 per cent decline in consolidated net profit for the fourth quarter ended December 31, 2016 at Rs 56 crore on the back of a decrease in revenues. The company, which follows January-December as fiscal year, had reported a net profit of Rs 102 crore in the corresponding quarter last fiscal.