Top 12 Stocks in Focus Today: Tata Group, Bharti Infratel, HDFC Bank
Tata Group stocks: Tata Group stocks will be in focus today after Ratan Tata took back control of the Tata Group after Cyrus Mistry was abruptly removed as chairman of the $100 billion coffee-to-steel business empire.
Dr Reddy’s Laboratories: The pharma company will announce its Q2 numbers today.
Asian Paints: The company will announce its Q2 numbers today.
Idea Cellular: Idea Cellular, country’s third largest telecom company, today posted an 88 per cent plunge in its consolidated net profit at Rs 91.46 crore in the September quarter due to higher expenses.
HDFC Bank: The bank will announce its Q2 numbers today.
ONGC: The board of Oil and Natural Gas Corporation will on Thursday consider issuing a bonus share to increase liquidity ahead of government disinvestment.
Bharti Infratel: Bharti Infratel posted 31% increase in consolidated net profit at Rs 776.6 crore for the September quarter of the current financial year.
GTL Infra: New Avenue Brookfield-Reliance Infratel, Canadian pension fund and Abu Dhabi investor show interest in co’s 27,000 telecom towers that will be auctioned to convert Rs 3,300-crore debt into equity under strategic debt restructuring process, as per media reports.
Reliance Capital: Reliance Capital reported a consolidated net profit of Rs 253 crore for the second quarter, up 1% from the year-ago period, as it made provision to beef up reserves in general insurance business.
Tata Metaliks: The company said its consolidated net profit rose by 7% to Rs 22 crore for the quarter ended September 30, 2016.
Adani Transmission: Adani Transmission Ltd today reported a 38.6% drop in consolidated net profit at Rs 99.5 crore in the quarter ended September 30.
Mahindra CIE Automotive Ltd: The September quarter net profit Rs 14.5 crore compared with Rs 9.4 crore last year. The September quarter total income from operations Rs 443 crore compared with Rs 432 crore last year.