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Top Stocks to be Focused for 22 Nov 2016

Top Stocks to be Focused for 22 Nov 2016

63 Moons Technologies : The company on Monday reported a sharp increase in net profit to Rs 28.43 crore for the quarter ended September 30, 2016. Its net profit stood at Rs 1.74 crore in the year-ago period.

Sobha Ltd : Bengaluru-based real estate company Sobha Ltd’s consolidated net profit remained flat at Rs 38.4 crore for the September quarter of the current fiscal. Its net profit had stood at Rs 38.8 crore in the same period of last financial year.

Muthoot Capital Services : The company on Monday informed bourses that CrisilBSE -0.34 % has downgraded its rating on the debt instruments and bank facilities to ‘Crisil A-/FA-/Stable’ from ‘Crisil A/FA/Stable’, the rating on the short-term debt has been reaffirmed at ‘Crisil A1’. The downgrade is primarily on account of downgrade in ratings on the bank facilities and debt instruments of Muthoot Fincorp LtdBSE -4.06 %.

Dhampure Speciality Sugars : The company on Monday reported a net profit of Rs 11.99 lakh against net profit of Rs 9.90 lakh in the corresponding quarter last year.

Wipro : The company on Monday announced that it has been selected as a member of the global Dow Jones Sustainability Index (DJSI) – 2016 for the seventh year in succession. Wipro is included in both the DJSI World and Emerging Markets Indices.

Indian Hotels: The company has decided to convene an Extraordinary General Meeting (EGM) to consider removal of CP Mistry as director. The EGM will be held on December 20.

Arvind Ltd : Textiles major Arvind on Monday said that it has raised Rs 740 crore from the market by diluting stake in subsidiary — Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm, the company informed BSE in a filing.

Reliance Infra : Reliance Infrastructure LimitedEPC Division has won a prestigious EPC order for Rs 3,675 crore (Rs.2,302 crore plus $205 million) from NLC India (formerly known as Neyveli Lignite CorporationBSE -0.26 % Limited) for setting up two nos. of Lignite based CFBC Thermal Power Projects of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India.

Results Today : Larsen & Toubro, Allcargo LogisticsBSE 0.93 %, IRB InfrastructureBSE 0.98 %, Ushdev InternationalBSE 4.51 % and Birla CorporationBSE -0.16 % will announce their financial results for the quarter ended September 30, 2016 on Tuesday.

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