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Top Stocks to be Focused for 29 Nov 2016

Top Stocks to be Focused for 29 Nov 2016

Sun Pharma: Drug major Sun Pharma on Monday launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market.

Oil India: Oil India reported 17.7 per cent drop in the September quarter net profit on account of fall in oil prices even as it declared a 1:3 bonus share. Net profit of Rs 580.27 crore for the second quarter of the current fiscal, or Rs 9.66 a share, was 17.7 per cent lower than Rs 705.67 crore, or Rs 11.74 a share, in the same period of last financial year.

Gokul Solutions: The company reported a net profit of Rs 1.05 crore for the half year ended September 30, 2016 against net profit of Rs 7.26 crore in the corresponding period last year.

Tata Steel: Tata Steel UK on Monday announced the signing of a letter of intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of 100 million pounds subject to due diligence and corporate approvals.

Himachal Futuristic Communications: The company has informed bourses that the board has declared first interim dividend of Rs 3.25 per share on 80,50,000 cumulative redeemable preference shares (CRPS) of Rs 100 each for the financial year 2016-17.

Triveni Engineering: Triveni Engineering reported a consolidated net profit of Rs 67.92 crore for the quarter ended September 30, 2016 against Rs 22.23 crore in the corresponding quarter last year.

Mahanagar Gas: Mahanagar Gas on Monday registered a net profit of Rs 102.24 crore, up 40.88 per cent, against Rs 72.57 crore in the corresponding quarter last year.

JSW Steel: JSW Steel has joined one of two investor groups vying to take over Italy’s loss-making Ilva steel plant, a source with knowledge of the matter said on Monday.

Earnings Today: Kanoria Chemicals, National FertilizersBSE 2.35 %, Tata Power, Tamil Nadu NewsprintBSE 1.11 % & Papers and WanburyBSE 0.13 % will announce their financial results for the quarter ended September 30, 2016 on Tuesday.

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