Top 12 Stocks in focus today: Tata Motors, SBT, Apollo Tyres
Mahindra & Mahindra: Mahindra & Mahindra on Thursday reported 10% decline in total sales at 39,303 units in January. The company had sold 43,789 units in the same month last year.
Hero MotoCorp: The company reported sales of 4,87,088 units for the month of January 2017 against 563,348 units sold in the corresponding month last year.
Apollo Tyres: Apollo Tyres posted 6% increase in consolidated net profit to Rs 296 crore for the December quarter, riding on robust sales across domestic and overseas markets. The company, had reported net profit of Rs 279 crore for the same period of last fiscal.
Tata Motors: Tata Motors posted a 1% fall in total sales in January at 46,349 units compared to 47,035 units in the same month last year. Domestic sales of Tata Motors’ commercial and passenger vehicles remained flat at 41,428 units in January over the same month of the previous year.
Pidilite Industries: The company registered 1.7% year-on-year rise in consolidated net profit at Rs 203 crore for the quarter ended December 31, 2016.
State Bank of Travancore: SBT on Wednesday reported a net loss of Rs 67.8 crore for third quarter ended December due to four-fold jump in bad loans. The bank had registered a net profit of Rs 91.5 crore in the year-ago period.
Mphasis: Mphasis has said its board has approved a share buyback plan worth up to Rs 1,103 crore. The shares to be bought back with a maximum price is 1.73 crore equity shares of Rs10 each (representing 8.26% of the total paid-up equity share of the company).
Dishman Pharmaceuticals: The company on Wednesday informed bourses that its Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on July 09, 2016. In this regard, Dishman Pharma has received the Establishment Inspection Report (EIR) from the US FDA for this facility on February 01, 2017.
Shree Renuka Sugars: Shree Renuka Sugars reported a net loss of Rs 42 crore for the quarter ended December 31, 2016. Its net loss stood at Rs 24 crore in the same quarter last year.
Tata Global Beverages: The company on Wednesday reported an over two-fold jump in consolidated net profit at Rs 145 crore for the December quarter on improved operating performance and lower finance cost. It had posted a net profit of Rs 60.5 crore in October-December a year ago.
Cipla: The pharma company sold 100% equity stake in Four M Propack to Shriji Polymers.
Adani Power: Adani Power promoter and promoter group increase holding to 65.9% by converting part of convertible warrants into equity shares.