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Top Ten Stocks to be Focused for 26 Oct 2016

Top Ten Stocks to be Focused for 26 Oct 2016

Bharti Airtel: Telecom major Bharti Airtel on Tuesday posted a marginal drop in net profit at Rs 1,460 crore compared with Rs 1,462 crore in the previous quarter.

Axis Bank: India’s third-biggest private lender Axis Bank on Tuesday reported a highly disappointing set of numbers for the September quarter on a sharp rise in bad loans, as profit after tax fell 83.4 per cent to Rs 319 crore or Rs 1.33 per share.

Q2 results for today: Some 83 companies would announce their September quarter numbers on Wednesday. The list includes many banks besides FMCG major ITCBSE -1.21 %, two-wheeler maker Hero MotoCorp, Exide IndustriesBSE 0.79 % and Dabur IndiaBSE 1.11 %.

L&T Finance: L&T Finance reported 33 per cent increase in net profit during the quarter ended September 30, 2016, as it focused on profitable asset growth and strong traction in fee income across all the businesses.

Granules India: Pharmaceutical firm Granules India announced 26 per cent jump in net profit at Rs 41 crore in the quarter ended September 30 as compared to Rs 32 crore in the corresponding period a year ago.

Thyrocare Technologies : Diagnostic laboratories Thyrocare Technologies reported a 22 per cent rise in its consolidated net profit to Rs 20.23 crore for the second quarter ended September 30.

Welspun Corp: Steel pipes maker Welspun Corp reported a consolidated net loss of Rs 33.64 crore for the quarter ended September 30, 2016, hit by a challenging business environment.

Symphony: Ahmedabad-based air cooler company Symphony reported a 36.58 per cent jump in standalone net profit at Rs 39.28 crore for the second quarter ended September on account of higher sales.

Phoenix Mills: HSBC has initiated coverage on shares of Phoenix Mills with a buy rating and a target price of Rs 500, implying a 35.5 per cent upside from the current market price of Rs 368.95.

MCX: The Multi Commodity Exchange of India (MCX) board has decided to co-opt Prithvi Haldea as public interest director in the vacancy arising out of the completion of tenure of G Anantharaman. This is with effect from Tuesday.

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