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Top Stocks to be Focused for 2 Feb 2017

Top Stocks to be Focused for 2 Feb 2017

Tata Global Beverages: The company on Wednesday reported an over two-fold jump in consolidated net profit at Rs 144.86 crore for the December quarter on improved operating performance and lower finance cost. It had posted a net profit of Rs 60.46 crore in October-December a year ago.

Shree Renuka Sugars: Shree Renuka SugarsBSE -4.84 % reported a net loss of Rs 42 crore for the quarter ended December 31, 2016. Its net loss stood at Rs 24.1 crore in the same quarter last year.

State Bank of Travancore (SBT): SBI associate SBT on Wednesday reported a net loss of Rs 67.76 crore for third quarter ended December due to four-fold jump in bad loans. The bank had registered a net profit of Rs 91.47 crore in the year-ago period.

Apollo Tyres: Apollo TyresBSE -0.86 % posted 6 per cent increase in consolidated net profit to Rs 296 crore for the December quarter, riding on robust sales across domestic and overseas markets. The company, had reported net profit of Rs 279 crore for the same period of last fiscal.

Earnings Today: GlenmarkBSE 0.94 % Pharmaceuticals, Godrej PropertiesBSE 1.89 %, Dr Lal PathLabs, Marico and TeamLease will announce their financial  results for the quarter ended December 31, 2016 on Thursday.

Hero MotoCorp: The two-wheeler major on Thursday reported sales of 4,87,088 units for the month of January 2017 against 563,348 units sold in the corresponding month last year.

Tata Motors: Tata MotorsBSE -2.06 % posted a 1 per cent fall in total sales in January at 46,349 units compared to 47,035 units in the same month last year. Domestic sales of Tata Motors’ commercial and passenger vehicles remained flat at 41,428 units in January over the same month of the previous year.

Mahindra & Mahindra: Auto major Mahindra & Mahindra on Thursday reported 10 per cent decline in total sales at 39,303 units in January. The company had sold 43,789 units in the same month last year.

Dishman Pharmaceuticals: The company on Wednesday informed bourses that its Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on July 09, 2016. In this regard, Dishman Pharma has received the Establishment Inspection Report (EIR) from the US FDA for this facility on February 01, 2017.

Pidilite Industries: The company registered 1.7 per cent year-on-year rise in consolidated net profit at Rs 203 crore for the quarter ended December 31, 2016.

63 Moons Technologies: The company on Wednesday reported a net profit of Rs 0.14 crore for the quarter ended December 31, 2016 against Rs 130.83 crore in the corresponding quarter last year.

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