Top Stocks to be Focused for 09 August 2017
Tata MotorsBSE -2.31 %, Eicher Motors: Tata Motors, Aurobindo PharmaBSE -3.79 %, Eicher MotorsBSE 0.19 %, Nalco, NMDCBSE 1.22 %, MMTCBSE 0.26 %, PTC India FinancialBSE -1.50 % and Thomas CookBSE -0.49 % are some of the companies, which will report their quarterly results today. Others included NHPCBSE -0.80 %, Parag Milk and Magarjuna Fertilizers.
Jubilant FoodWorks: Company chief executive Pratik Pota has said the company will not shy away from closing Domino’s Pizza outlets if it helps in reducing cost.
Tata Chemicals: The company reported 53 per cent decline in consolidated profit at Rs 298.23 crore for the first quarter ended June 30, 2017. Its profit stood at Rs 640 crore in the year-ago period, according to a regulatory filing.
AllcargoBSE -2.36 % Logistics: The company is looking for acquisitions in the technology and contract logistics space, seeking to grow its business in India where opportunities will likely grow at a faster clip under GST.
Tata TeleservicesBSE -3.16 % (Maharashtra): Lenders of Tata Teleservices (Maharashtra) Ltd (TTML) may recall loans of Rs 1,911 crore as the telecom firm has not been able to satisfy them with its financial performance, according to company note on the Bombay Stock Exchange.
Future Retail: Kishore Biyani-owned company, which operates Big Bazaar supermarket chain, said net profit soared 110 per cent to Rs 148 crore in the quarter to June on higher sales. Sales rose 18 per cent year-on-year to Rs 4,707 crore, the company said on Tuesday.
IOC: Foreign brokerage Credit Suisse has increases its FY18/19 EPS estimates for the comapny by 3 per cent and 4 %, respectively, while maintaining target of Rs 505/share.
Jindal SteelBSE 1.86 % and Power: JSPL reported narrowing of its consolidated loss to Rs 420.4 crore for the quarter ended on June 30, 2017. Naveen Jindal-led company had reported a consolidated loss of Rs 1,238 crore for the corresponding quarter of previous fiscal.
Muthoot Finance: The largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 30 per cent, at Rs 351crore for Q1 2017-18 as against Rs 270 crore in the previous year. Loan assets increased by 8 per cent to Rs 27,852 crore. The total income also rose by 8 % to Rs 1,399 crore.
Idea Cellular: The company has approached the National Company Law Tribunal (NCLT) in Ahmedabad, seeking its approval for the mobile company’s merger with Vodafone India and Vodafone Mobile Services.