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Top Stocks to be Focused for 17 May 2017

Top Stocks to be Focused for 17 May 2017

Tata Steel : Tata SteelBSE 4.50 % narrowed its losses in the quarter ended March 31, to Rs 1,168 crore down from Rs 3,042 crore in the corresponding quarter last year on the back of a one-time non-cash pension curtailment charge.

Capital First : PE giant Warburg Pincus may sell around 10 per cent stake in consumer lender Capital First via block deal on Wednesday, according to reports. Warburg owned 61.1 per cent in Capital First as on December 31, 2016.

Andhra Bank : State-owned lender Andhra BankBSE -3.39 % said its net profit for the fourth quarter ended March 31 declined nearly 33 per cent to Rs 35 crore. The bank had posted a net profit of Rs 52 crore in the same quarter in FY16.

Central Bank of BSE 0.51 % India : State-owned Central Bank of India said that its net loss has been trimmed to Rs 592 crore during the last quarter ended March 2017 on improved recovery, even though bad loans soared. There was a net loss of Rs 898 crore on bank’s books for the same quarter ended March 2016.

Sobha Ltd : Realty firm Sobha LtdBSE 7.84 % on Tuesday reported 70 per cent increase in its consolidated net profit at Rs 47 crore for the quarter ended March. Its net profit stood at Rs 27.6 crore in the year-ago period, the Bengaluru-based firm said in a regulatory filing.

Dhanlaxmi Bank : Private sector lender Dhanlaxmi BankBSE 5.09 % on Tuesday reported a profit of Rs 9 crore for the March quarter of last fiscal as it managed to rein in non-performing assets. In comparison, the bank had registered a loss of Rs 131.60 crore for the fourth quarter of the previous fiscal, 2015-16.

Polaris Consulting: The company on Tuesday said it has posted a consolidated net profit of Rs 32.92 crore for the fourth quarter ended March 2017. The Chennai-based company had posted a net loss of Rs 18.48 crore in the year-ago period.

JK Paper : The company on Tuesday posted an over three-fold increase in net profit at Rs 56.32 crore for the fourth quarter ended March 31, 2017 on back of highest sales. The company had posted a net profit of Rs 14.89 crore in the corresponding quarter of last year.

Earnings today : Allahabad BankBSE 0.06 %, Bajaj FinanceBSE 1.13 %, Bajaj FinservBSE 0.90 %, EdelweissBSE -1.90 %, Hindustan UnileverBSE -0.04 %, JK Lakshmi CementBSE -0.93 %, JSW SteelBSE 2.21 %, MRPL, NIIT Ltd and UBL will announce their financial results for the quarter ended March 31, 2017 on Wednesday.

BHEL : State-owned power equipment maker BHEL on Tuesday said it has won Rs 233 crore order for a steam and power generation package from Ramagundam Fertilizers and Chemicals Ltd (RFCL).

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