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Top 12 Stocks in focus on Wednesday, 15 February 2017

Domestic equity markets are likely to open on a flat note with positive bias on Wednesday following Nifty futures on the Singapore Stock Exchange
(SGX Nifty) and mixed global cues.

Here is a list of 12 stocks that are likely to remain in focus on Wednesday in response to various news triggers:

Intellect Design Arena: Ace investor Rakesh Radheyshyam Jhunjhunwala and his wife Rekha Rakesh Jhunjhunwala sold 10 lakh and 32.30 lakh shares, respectively, in Intellect Design Arena through bulk deals on Tuesday.

MTNL: State-run telecom firm MTNLBSE -2.36 % reported widening of its standalone net loss at Rs 819.96 crore, surpassing its total revenue, during the three-month period ended December 31, hit by increase in finance cost. The company had posted a net loss of Rs 671.59 crore in the same period a year ago.

Gitanjali Gems: The company on Tuesday announced a 73 per cent fall in its standalone net profit at Rs 5 crore for the quarter ended December 2016 on lower sales and high interest cost. It had clocked a net profit of Rs 18.46 crore in the same period of 2015-16.

SpiceJet: Bogged down by demonetisation and higher fuel costs, SpiceJetBSE -2.56 % reported a 24 per cent fall in net profit at Rs 181.1 crore in three months ended December 2016 even as the second largest low-cost carrier remained in the black for the eighth straight quarter. The airline had posted a net profit of Rs 238.39 crore in the corresponding quarter a year ago.

Unitech: Realty firm UnitechBSE 3.93 % posted a consolidated net loss of Rs 17.13 crore for the quarter ended December. Its net loss stood at Rs 12.25 crore in the year-ago period.

Adani Enterprises: The company registered a 62 per cent rise in consolidated net profit at Rs 340 crore for the quarter ended December 31, 2016 on improved income. It had clocked a net profit after taxes, minority interest and share of profit/loss of joint ventures and associations at Rs 210 crore in the corresponding quarter of the previous fiscal.

IVRCL: Infrastructure major on Tuesday posted narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016. The company had registered a net loss of Rs 345.47 crore in the same period a year ago.

Greaves Cotton: The company reported lower net profit of Rs 44 crore for the quarter ended December 2016 as against Rs 62 crore for the corresponding period last year. The company clocked revenue of Rs 451 crore for the quarter ended December 31, 2016 as against Rs 453 crore for the quarter ended December 31, 2015, a company statement said here.

Voltas: Tata Group firm VoltasBSE 0.22 % on Tuesday reported a 42.28 per cent increase in consolidated net profit at Rs 81.56 crore for the December quarter on improved margins, tighter control on overheads and higher income from investments. It had a net profit of Rs 57.32 crore in the October-December quarter a year ago.

DLF: The real estate firm on Tuesday posted a 46 per cent fall in its consolidated net profit at Rs 98.14 crore for the quarter ended December on lower sales and higher finance cost. Its net profit stood at Rs 182.11 crore in the year-ago period.

PC Jeweller: PC Jeweller posted a 27.39 per cent fall in its standalone net profit at Rs 106.97 crore in third quarter of 2016-17 due to poor domestic sales following demonetisation. The company had clocked a net profit of Rs 147.34 crore in the year-ago period.

National Fertilizers: State-owned National Fertilizers LtdBSE -0.07 % reported 43 per cent decline in its net profit at Rs 73.24 crore for the quarter ended December 2016. The company’s net profit stood at Rs 129.34 crore in the year-ago period.

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