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Top Stocks to be Focused for 18 May 2017

Top Stocks to be Focused for 18 May 2017

Hindustan Unilever: FMCG major Hindustan Unilever on Wednesday posted 6.19 per cent increase in standalone net profit to Rs 1,183 crore for the fourth quarter ended March 31, driven by robust sales across various business segments. It had had posted a standalone net profit of Rs 1,114 crore in the same period previous fiscal, Hindustan Unilever said in a BSE filing.

CESC: CESC LtdBSE 0.25 %, the Rs 32,000 crore RP Sanjiv Goenka group flagship company may consider business restructuring plan in today’s board meet.

Dabur: Personal care firm Dabur has acquired South African personal care companies D and A cosmetics and Atlanta Body & Health Products, the company said in a BSE announcement on Wednesday. The deal size is estimated at Rs 25 crore, an official involved with the development said.

Indian Overseas BSE -4.05 % Bank: Public sector lender Indian Overseas Bank’s net loss narrowed to Rs 646.66 crore in the last quarter of 2016-17 fiscal due to reduction in provisions for bad loans. The bank had registered a net loss of Rs 936.19 crore in the same quarter of previous fiscal.

JSW Steel: Sajjan Jindal-led JSW Steel reported three-fold increase in consolidated profit at Rs 1,008.5 crore for the fourth quarter ended March 31, 2017. The company’s consolidated total profit was at Rs 300.6 crore in the year-ago period, JSW Steel said in a BSE filing.

Hindustan Copper: State-run Hindustan Copper’s net profit jumped manifold to Rs 40.77 crore during the quarter ended March 31, 2017. It had posted a net profit of Rs 0.64 crore in the year-ago period.

Bajaj  Finserv: Financial services company Bajaj Finserv reported a growth of 3 per cent in its consolidated net profit at Rs 535 crore in the quarter ended March 31 as against Rs 518 crore in the year-ago period. It’s lending arm, Bajaj FinanceBSE 0.39 %, reported a 43 per cent rise in profit after tax at Rs 449 crore in the quarter from Rs 315 crore in the same period last year, due to healthy loan growth.

Select pharma companies: Drug price regulator NPPA has initiated action against various firms, including Abbott Healthcare, Zydus Cadila and Dr Reddy’s, for non-compliance with provisions for new drugs under the price control regime. In a notification issued, the National Pharmaceutical Pricing Authority (NPPA) said that various companies have launched formulations by altering a scheduled formulation with strength dosage other than as specified in the Drugs Price Control Order (DPCO) 2013.

UFO Moviez: Digital cinema distribution network UFO Moviez reported a 9.9 per cent increase in consolidated net profit at Rs 19.49 crore for the March quarter. The company had posted a net profit of Rs 17.74 crore in the same period of previous fiscal, UFO Moviez said in a BSE filing.

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