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Top stocks in focus today: Hero MotoCorp, Lupin, Bajaj Electricals, KEC International

HDFC Bank raises MCLR rate across 6-month to 3-year tenors by 10 bps w.e.f today.

Lupin‘s Q3FY18 numbers were below the consensus estimates. Its consolidated revenue declined by 11.3% yoy to Rs 3,975.6cr, however, revenue was up by 0.6% qoq.

Natco Pharma, in Q3FY18, reported 16.1% yoy decline in the revenues to Rs 562.1cr vs. Rs 669.9cr in Q3FY17.

Hero MotoCorp Limited (HMCL), India’s largest two wheeler manufacturer, reported Q3FY18 numbers in-line with consensus estimates. Standalone revenues for the quarter were up 15% yoy at Rs7,306cr, slightly better than consensus estimate of Rs7,252cr.

For Q3FY18, Thermax’s consolidated revenue increased by 18.3% yoy to Rs1,117cr from Rs944cr in Q3FY17.

Bank of India invites bids for sale of a large NPA portfolio. Puts 54 accounts with outstanding of Rs2,166cr for sale, as per media reports.

KEC International has secured new orders of Rs2,035cr across its businesses.

Future Retail reported a robust 81% jump in its standalone net profit for the October to December quarter to Rs183cr compared to the corresponding period last year.

Bajaj Electricals announced that the Engineering & Project Business Unit of the Company has bagged a Power Distribution project under Lusaka Transmission Distribution Rehabilitation Project (LTDRP) funded by World Bank & European Investment Bank.

Canara Bank Board approves raising Rs4,870cr via preferential issue to the government.

Max Financial board to consider raising fund to invest in Max Life on Friday.

Praj Industries gets letter of acceptance for Rs16.75cr BPCL order.

JSW Energy is actively scouting for acquisition opportunities in thermal and renewable energy sectors after terminating its proposed acquisition of the 500 mw Bina Power from Jaiprakash Power Ventures after months of delay in getting necessary approvals from lenders, as per media reports.

Tata Chemicals Ltd’s revenue for the quarter came in at Rs2,573.91cr, up by 5.8% yoy. The operating profit for the quarter increased by 9.4% yoy to Rs562.56cr.