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Top Stocks to be Focused for 12 Dec 2016

Top Stocks to be Focused for 12 Dec 2016

JP Associates: Infrastructure firm JP Associates on Saturday reported widening of net loss on standalone basis to Rs 781.2 crore for the quarter ended on September 30, 2016. It had registered a net loss of Rs 547.22 crore in the same period a year ago.

Usha Martin: Speciality steel maker Usha Martin reported narrowing of consolidated net loss at Rs 68.13 crore for the quarter ended September 30, 2016. It had posted a net loss of Rs 102.52 crore in the year-ago period.

Rolta India: The company on Friday posted 91.33 per cent jump in consolidated net profit at Rs 54.3 crore in the second quarter ended September 30, 2016. It had posted a net profit of Rs 28.38 crore in the same period a year ago.

Lanco Infratech: The company on Friday post market hours posted a consolidated net loss of Rs 258.31 crore for the quarter ended September 30, 2016. It had clocked a net profit of Rs 117.05 crore in the year-ago period.

Jaiprakash Power Ventures: The company on Friday registered a standalone net loss of Rs 161.67 crore for the quarter ended September 30, 2016. It has posted a net profit of Rs 168.82 crore in the same quarter last year.

DLF: Realty major DLF’s promoters have received offers from two big investors for selling their 40 per cent stake in rental business and expect to sign the deal, estimated at Rs 12,000-14,000 crore, in next quarter.

Bank of Baroda: Looking to strengthen its position in the home loan segment, Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of IndiaBSE 1.73 %,  .

State Bank of India: The public sector bank of Friday sold 3.9 per cent stake in SBI Life for Rs 1,794 crore to Singapore sovereign fund Temasek and global private equity major KKR, valuing the life insurance firm at Rs 46,000 crore ahead of its plans to go public within a couple of years.

Bata India: State-owned Life Insurance Corporation (LIC) has hiked its stake in footwear major Bata India by 2.03 per cent, taking its total shareholding to 7.05 per cent in the company.

ONGC: State-run energy behemoth ONGC will set up a new ‘basin’ in Agartala by the end of next year as it looks to focus more on exploration of oil and gas in the North-East region.

Results Today: MEP Infrastructure, Bhushan SteelBSE 2.17 %, Crompton Greaves, Jindal DrillingBSE 3.37 % and Kwality Ltd will announce their financial results for the quarter ended September 30, 2016 on Monday.

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