Top 12 Stocks in Focus on Wednesday, October 26, 2016
The Indian market is expected to open lower on Wednesday tracking mixed trend seen in other Asian markets.
Here is a list of Top 12 Stocks that are likely to be in focus today
Bharti Airtel: Telecom major Bharti Airtel on Tuesday posted a marginal drop in net profit at Rs 1,460 crore compared with Rs 1,462 crore in the previous quarter.
Q2 results for today: Some 83 companies would announce their September quarter numbers on Wednesday. The list includes many banks besides FMCG major ITCBSE -1.05 %, two-wheeler maker Hero MotoCorp, Exide IndustriesBSE 1.08 % and Dabur IndiaBSE 1.14 %.
L&T Finance: L&T Finance reported 33 per cent increase in net profit during the quarter ended September 30, 2016, as it focused on profitable asset growth and strong traction in fee income across all the businesses.
Granules India: Pharmaceutical firm Granules India announced 26 per cent jump in net profit at Rs 41 crore in the quarter ended September 30 as compared to Rs 32 crore in the corresponding period a year ago.
Thyrocare Technologies : Diagnostic laboratories Thyrocare Technologies reported a 22 per cent rise in its consolidated net profit to Rs 20.23 crore for the second quarter ended September 30.
Symphony: Ahmedabad-based air cooler company Symphony reported a 36.58 per cent jump in standalone net profit at Rs 39.28 crore for the second quarter ended September on account of higher sales.
Phoenix Mills: HSBC has initiated coverage on shares of Phoenix Mills with a buy rating and a target price of Rs 500, implying a 35.5 per cent upside
from the current market price of Rs 368.95.
Crompton Greaves Consumer Electricals Ltd: The company reported a net profit of Rs 54.96 crore for the quarter ended September 30. The net sales stood at Rs 890 crore.
Mahindra & Mahindra Financial Services: The company on Tuesday reported a 27 per cent year-on-year decline in its net profit for the September quarter at Rs 114.05 crore, as higher operating expenses and finance costs weighed on the bottom line.
Shakti Pumps: Shakti Pumps’ Q2FY17 standalone net revenue for the quarter was higher by 9.1 per cent YoY to Rs 75.4 crore. The EBITDA grew by 5 per cent YoY to Rs 11.7 crore while EBITDA margins contracted 61 bps YoY to 15.6 per cent.
PI Industries: Agro-chemicals firm PI Industries reported 78 per cent increase in its net profit at Rs 101 crore for the quarter ended September.
L&T Finance: L&T Finance reported 33 per cent increase in net profit during the quarter ended September 30, 2016 as it focused on profitable asset growth and strong traction in fee income across all the businesses.