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Top Stocks to be Focused for 19 May 2017

Top Stocks to be Focused for 19 May 2017

Tata Coffee: The company on Thursday reported over three-fold jump in consolidated net profit to Rs 45.69 crore for the quarter ended March 2017. Its net profit stood at Rs 13.65 crore in the year-ago period, the company said in a regulatory filing.

DB Corp: Media firm DB Corp reported 6.2 per cent increase in consolidated net profit at Rs 64.18 crore for the March quarter. The company had posted a net profit of Rs 60.43 crore during the same period of the previous fiscal, DB Corp said in a BSE filing.

United Bank ofBSE 2.94 % India: State-owned United Bank of IndiaBSE 2.94 % reported a profit of Rs 73.56 crore for the quarter ended March as provision for bad loans declined. In contrast, the bank had reported a loss of Rs 413.04 crore in the same period a year ago.

Dwarikesh SugarBSE 1.59 % Industries: The company posted net profit of Rs 46.82 crore in the fourth quarter ended March 31, down from Rs 52.82 crore posted in the same period of the last fiscal. Net profit in FY17 stood at Rs 158.47 crore, up 307 per cent from Rs 38.97 crore in FY16, the company said.

Sutlej Textiles BSE 0.68 % and Industries: The company on Thursday reported 34.64 per cent drop in profit after tax (PAT) at Rs 33.27 crore in the fourth quarter ended March 31. The company’s PAT stood at Rs 50.91 crore in the corresponding quarter of the previous financial year.

Akzo Nobel: Paints and coating maker Akzo Nobel IndiaBSE 0.07 % reported 18.13 per cent increase in standalone net profit at Rs 72.64 crore for the January-March quarter of 2016-17. The company had posted a net profit at Rs 61.49 crore during the same period of last fiscal, AkzoNobel India said in a BSE filing.

Earnings today: Dhanuka AgritechBSE 0.96 %, Atlas Cycles (Haryana), GrasimBSE 2.24 %, Just Dial, Kalpataru PowerBSE 1.40 %, Motherson SumiBSE 0.77 %, State Bank of IndiaBSE 1.96 %, Suzlon, Tata PowerBSE 0.42 % and Zuari Global will announce their financial results for the quarter ended March 31, 2017 on Friday.

Tata Consultancy Services: TCS announced that it collaborated with Qualcomm incorporated through its Qualcomm Wireless Reach initiative and FHI 360 to implement a digital solution that enriches lives of the fishing community in Senegal, leveraging the transformative power of wireless technologies.

Strides BSE -0.49 % Shasun and Vivimed Labs: Drug firm Strides ShasunBSE 5.54 % said it has inked a pact with Vivimed LabsBSE 1.55 % to set up two joint venture firms. The first JV — a 50:50 joint venture company in India will own a USFDA approved formulation facility in Alathur Chennai, Strides Shasun said in a regulatory filing.

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