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Last Updated : Nov 02, 2015 09:25 AM IST | Source: CNBC-TV18

Here's why IDFC, M&M, Sun Pharma are among top 10 stocks

Stocks likely to be in Focus today are: IDFC, Eicher Motors, Mahindra and Mahindra, Tata Motors, Indian Overseas Bank, Titan Company, Jet Airways, SpiceJet, J. K. Cement, Divis Laboratories, Relaxo Footwears, GlaxoSmithKline Pharmaceuticals, Sun Pharmaceutical Industries.


Stocks likely to be in Focus today are:

IDFC
 has posted consolidated net loss of Rs 1469 crore in July-September quarter from a profit of Rs 421.4 crore in corresponding quarter last fiscal. Its net interest income  (NII) in Q2 fell to Rs 1057.6 crore against Rs 1098 crore year-on-year.


On a standalone basis, it registered a net loss of Rs 1411.1 crore in Q2FY16 from a net profit of Rs 470.1 crore (Y-o-Y). It incurred one-time loss at Rs 2639 crore On one time provision. Its NII also slipped to Rs 1001.6 crore versus Rs 1036.5 crore (Y-o-Y).


The finance company's asset quality took a beating in September quarter as gross non-performing assests (NPA) was at 3.17 percent against 1.52 percent while net NPA (QoQ) came in at 1 percent from 0.99 percent quarter-on-quarter. In absolute terms, gross NPA rose to Rs 1,467.3 crore from Rs 810.6 crore sequentially.   
  
Eicher Motor's Royal Enfield posted 73 percent surge in total sales at 44,138 units in October 2015 compared to the same month last year. The company also announced opening of its exclusive stores in Madrid (Spain) and Paris (France).

The new stores in these countries are a part of Royal Enfield's growth strategy in Europe and focused international thrust of leading and expanding the global mid-sized motorcycle segment (250-750cc), the company said.

Royal Enfield is rapidly expanding its presence in these markets with over 80 dealerships across France and 25 in Spain, it said.

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Mahindra and Mahindra reported 20 percent surge in total sales at 51,383 vehicles in October, mainly of account of good demand for its recently launched TUV300. It had sold 42,780 vehicles in the same month last year, the company said in a statement.

In the domestic market, sales were up by 21 percent to 48,815 units last month as against 40,278 units in October 2014.


Exports were up 3 percent at 2,568 vehicles as against 2,502 units in the same period a year ago.

Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 24,060 units as compared to 20,255 units in October 2014, up 19 percent. Commercial vehicle sales increased 31 percent to 18,756 units last month against 14,345 units in the year-ago period, M&M said.

Tata Motors reported 1 percent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year.

Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month. Its exports rose by 13 percent to 4,569 units in October this year from 4,059vehicles in October 2014, the company said in a statement.


In the passenger vehicle segment, Tata Motors recorded 11 percent year-on-year growth at 12,798 units in the month under review, compared to 11,511 units, it said.

UV sales declined by 9 percent at 1,749, in October 2015. In commercial vehicles, medium and heavy vehicles sales rose by 20 percent to 12,504 units.

The Light & Small Commercial Vehicle sales however continued to reflect industry and declined 19 percent to 13,615 units, the statement said.

Public sector lender Indian Overseas Bank reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.

The Chennai-based bank had registered a net loss of Rs 245.51 crore during the corresponding period of the previous year, Indian Overseas Bank said in a BSE filing. For the half year period ending September 30, 2015, net loss stood at Rs 536.07 crore as against net profit of Rs 26.21 crore registered during the year ago period.

Total income for the July-September, 2015 quarter increased to Rs 6,769.94 crore from Rs 6,440.77 crore registered during the same period of the previous year. For the six month period ending September 30, 2015, total income rose to Rs 13,442.05 crore from Rs 12,725.46 crore registered during same period of the previous year.

Tata Group firm Titan Co reported 39.41 percent decline in net profit at Rs 145.39 crore for the second quarter ended September 30, hurt by sharp drop in income from jewellery business.

The company had posted a net profit of Rs 239.98 crore in the same quarter last fiscal, Titan Co said in a BSE filing. Net sales during the period under review stood at Rs 2,654.68 crore as against Rs 3,564.67 crore in the same period last fiscal, it added.


"The retail sentiment has been extremely poor in this quarter," the company said. The firm's jewellery business recorded an income of Rs 1,981 crore during the quarter as compared to Rs 2,929 crore in the same period last fiscal.

"The sharp drop is largely due to the premature redemption of Golden Harvest scheme that the company had to do in the previous year in view of the changes in the Companies Act, 2013 that brought such schemes under the ambit of public deposits," it said.

Jet Airways bought 11.95 lakh shares on Friday at Rs 422.7/share.Jet Airways bought 1.05 percent stake in Jet Airways on Friday. Jet & SpiceJet valuations expected to increase post Indigo listing. Indigo with 36.5 percent market share, valued at Rs 27,000 crore at upper end of band.

Jet Airways with 22 percent market share should be valued at Rs 16,300 crore. Current market cap at Rs 4,960 crore.

Reported second consecutive quarterly profits in second quarter. Q2 profit rises by 25 percent YoY at Rs 87.6 crore versus Rs 69.8 crore. Currently trading 60 percent below IPO price. Currently trading 68 percent below record high price hit in April 2005.
 
JK Cements reported a 58 per cent fall in its consolidated net profit at Rs 13.72 crore for the quarter ended September 30, 2015.

The firm had clocked a net profit of Rs 32.31 crore in the year-ago period, it said in a BSE filing.

Total standalone income of the firm, however rose by 5 per cent to Rs 870.30 crore in the July-September quarter this fiscal from Rs 830.67 crore during the same quarter of 2014-15.


The company's total expenses were also higher at Rs 800 crore from Rs 770 crore during the quarter under review. JK Cement has an installed grey cement capacity of 10.5 MTPA (million tonnes per annum).

Divis Laboratories reported a 28.77 per cent rise in standalone net profit at Rs 295.73 crore for the second quarter ended September 30. The company had posted a net profit of Rs 229.64 crore for the corresponding period of previous fiscal, Divis Laboratories said in a filing to BSE.

Standalone total income from operations of the company also rose to Rs 964.32 crore for the quarter under review as against Rs 833.14 crore for the same period last fiscal.


Hyderabad-based drug firm is primarily engaged in manufacture of Active Pharmaceutical Ingredients (APIs) and intermediates.

Relaxo footware reported good second quarter in FY16 year on year. Revenue rises by 15.6 percent at Rs 386 crore versus Rs 334 crore. EBITDA Margins at 13.1 percent versus 11.6 percent. Net Profit up by 56 percent at Rs 27 crore versus Rs 17.3 crore.

GSK Pharma sees weak second quarter in FY16 because company impacted by supply constraints. Revenue down by 6.2 percent to Rs 700.09 crore versus Rs 746.76 crore. Operating Profit Margins 18.4 percent versus 22.1 percent. Profit falls by 25.4 percent to Rs 96.05 crore versus Rs 128.67 crore. Exceptional outflow of Rs 7.84 crore.

Sun Pharma could react negatively to the AGM takeaways. AGM takeaways on Saturday. FY16 growth will be impacted due to temporary supply constraints at Halol. Growth may be impacted on expenses & charges out of Ranbaxy integration. Experienced Near-term Challenges, Regarding cGMP Compliance At Halol. In The Process Of Remediating Issues Related To Halol Unit. May Discontinue Certain Non-strategic Businesses.



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First Published on Nov 2, 2015 08:58 am
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