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Top Ten Stocks to be Focused for 10 August 2016

Top Ten Stocks to be Focused for 10 August 2016

Here is a list of top Ten stocks that are likely to be in focus today:

UCO Bank: State-run Uco Bank has posted yet another quarterly loss at Rs 440 crore, third time in a row, as sticky loans kept on rising to alarming levels.

United Bank of India: State-run United Bank of India has reported a 93 per cent dip in net profit at Rs 38 crore for the June quarter compared to a year ago period due to fresh addition of sticky loans, but the result was a vast improvement from the December quarter when it faced loss of Rs 413 crore.

AstraZeneca Pharma India Ltd: The Indian arm of the multinational pharmaceutical company saw its net profit in the April-June period rise to Rs 10.6 crore from Rs 2.7 crore in the corresponding quarter last year, the company said in a filing to the stock exchanges.

Godrej Industries: Realty developer Godrej PropertiesBSE -0.71 % is planning to launch 12 more projects including phases of existing projects by March-end, said a top company official.

Aditya Birla Nuvo: After consolidating its garments business into a single entity last year, the $41-billion Aditya Birla Group is planning another round of corporate reorganisation to unlock value and beef up the balance sheet, at least three sources aware of the matter said.

Greenply Industries: With reference to the earlier letter dated August 09, 2016, regarding Outcome of QIP Committee Meeting,  Greenply Industries LtdBSE 0.75 % has now informed BSE that the said announcement withdraw by the Company.

Container Corporation of India: State-owned Container Corporation of India recorded a 14 per cent drop in standalone net profit for the three months to the end of June, the company said in a statement.

Manappuram Finance Ltd: The Company has achieved a consolidated net profit of Rs 160.34 crore in the first quarter of the current fiscal, which represents a 170 per cent growth over the same period of the previous year.

JK Tyre & Industries: The tyre company reported a consolidated net profit of Rs 100.26 crore for the first quarter endedJune 30. The company had posted consolidated net profit of Rs 117.07 crore in the same period last fiscal, JK Tyre & Industries said in a BSE filing.

IOB: Chennai-based Indian Overseas BankBSE -3.11 % (IOB) reported a Rs.1,450.50 crore loss for the quarter ended 30 June after a fifth of its advances turned bad. The bank reported a net profit of Rs.14.76 crore a year ago.

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