Oct 19, 2016, 09.08 AM | Source: CNBC-TV18
Some of the stocks that should be on your radar are: ITC, Hindustan Unilever, Marico, Dabur India, Emami, Havells India, Bharat Heavy Electricals, OnMobile Global.
Its net sales on standalone basis during the quarter under review was up 8.77 percent to Rs 1,547.70 crore as against Rs 1,422.81 crore of the corresponding quarter of the last fiscal.
Its total expenses was at Rs 1,379.72 crore, up 8.47 percent, as against Rs 1,271.98 crore.
Hatsun Agro Product: Hatsun Agro Product reported marginal rise in net profit at Rs 32.15 crore for the quarter ended September 30.
Its net profit stood at Rs 31.04 crore in the year-ago period, the company said in a BSE filing.
Total income from operations rose to Rs 1,000.91 crore during the second quarter of this fiscal from Rs 852.95 crore in the corresponding period of the previous financial year.
Chennai-based Hatsun Agro is into manufacturing of dairy products.
BHEL: CLSA view on BHEL are Upgrade to buy from sell; Target of Rs 164 from Rs 155 earlier. Significant litigation win; Visibility up on execution & order. Litigation opens potential of order worth Rs 7,800 crore. Ennore project can reduce co's share of slow-moving orders by 30 percent. Ennore project could add nearly 10 percent to FY19e Profit After Tax. Expect Rs 18,000 crore Yedadari project approval to come through in Q4FY17. Cut EPS estimates for FY17/18e by 5-7 percent on a delay in resolution of stalled projects.
OnMobile Global : Stock rises by 22 percent this month. Press conference today. Company expected to make an announcement. OnMobile Global company provides value added services in telecom like ringback tunes & digital content. Co turned profitable in Q1FY17 with profit of Rs 9.3 crore. FY16 net loss at Rs 27.69 crore.
MakeMyTrip and Ibibo: Travel portal MakeMyTrip Tuesday announced a merger with the Ibibo group which runs online portals like Goibibo and Redbus.
Sharing the contours of this mega deal Deep Kalra of MakeMyTrip and Ashish Kashyap of ibibo group told CNBC-TV18, more than competitive pressures, the objective of the merger is to bring the offline segments of the travel market online.
Many of the segments within the travel and tourism industry like bus bookings, hotels and even to a large extent international air ticket bookings are still underpenetrated in terms of online presence. The motive is to bring all these online and find opportunities to cross-sell products, they said.
The deal has been signed today but its closure is subject to clearance from the Competition Commission of India and the process might take up to a quarter, Kalra said.
Axis Direct is bullish on ITC has recommended buy
The Kolkata-based firm, better known for FMCG prod
Speaking to Moneycontrol, JN Gupta, Co-founder and