Stocks in the news: ITC, Bharat Forge, Sun Pharma, ACC and Motherson Sumi

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Stocks in the news: ITC, Bharat Forge, Sun Pharma, ACC and Motherson Sumi


Nifty futures on the Singapore Exchange traded 13.00 points, or -0.09 per cent, lower at 15,177.50 in signs that Dalal Street was headed for a muted start on Friday. Here are a few stocks which may buzz the most in today’s trade:

Q3 earnings: Motherson Sumi, Bharat Forge, Glenmark Pharmaceuticals, Hindustan Aeronautics, Indiabulls Housing Finance, GMR Infrastructure, Godrej Industries and Grasim are among the companies that will report their financial results for the October-December period on Friday.

ITC: The company reported a consolidated net profit of Rs 3,587.20 crore for the third quarter of the current financial year, as against Rs 4,047.87 crore for the corresponding period a year ago. Revenue from operations rose to Rs 14,124.48 crore, from Rs 13,307.54 crore in the year-ago period.

Sun Pharma: The drug maker, its promoters and directors entered into a settlement agreement with market regulator Sebi in the two-year-old Aditya Medisales case.

ACC: The company reported a better-than-expected consolidated net profit of Rs. 470 crore for the quarter ended December on revenues of Rs 4,140 crore.

Gujarat Pipavav: The company reported consolidated net profit of Rs. 58.7 crore for the December quarter as against Rs. 130 crore in the year ago quarter.

Oil India: The company’s net profit for the quarter ended December more than doubled on-year to Rs. 900 crore despite a one-time loss of Rs. 150 crore.

Tube Investments: The company said that it will invest Rs. 200 crore in the development of electric three-wheelers.

Power Grid: The company reported better-than-expected net profit of Rs. 3,320 crore for the quarter ended December.

Ashok Leyland: The company reported a net loss of Rs. 19.4 crore for the quarter ended December as against Rs. 27.75 crore reported in the year-ago period.

InterGlobe Aviation: The company announced the launch of 22 new domestic flight routes.

Allcargo Logistics: The company reported a sharp drop in consolidated net profit of Rs. 14 crore for the quarter ended December because of a one-time loss of Rs. 20.65 crore.

Karur Vysya Bank: The lender’s net profit for the quarter ended December more than doubled on-year to Rs. 34.63 crore. The lender also saw a sequential improvement in gross and net NPA ratio in the quarter.





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