Here's the top 10 stocks likely to be in the limelight in today's trading:Maggi is all set to make its comeback into the Indian market. Nestle India said that the company plans to resume Maggi noodles sales in India from November onwards. The company told CNBC-TV18 that it has commences manufacturing in three plants in the country - Nanjangud in Karnataka, Moga in Punjab and Bicholim in Goa.In compliance with the order from Bombay High Court, the fresh samples manufactured will be sent for testing to three accredited laboratories decided by the High Court. The company said that it will commence sale only once the newly manufactured samples are cleared by regulatory authorities. The company said it is in talks with state authorities and stakeholders at its manufacturing locations to commence full-fledged manufacturing of Maggi.
Air-conditioner maker Blue Star reported a standalone loss of Rs 5.79 crore for the second quarter ended September 30, 2015 on account of exceptional loss. It had posted a net profit of Rs 9.05 crore in the same period last year, Blue Star informed BSE. The company's total income on standalone basis increased 11.58 percent to Rs 716.66 crore during the July-September quarter against Rs 642.24 crore a year ago.
During the quarter, Blue Star had an exceptional loss of Rs 15.80 crore on account of voluntary retirement scheme. It was Rs 9.51 crore in same quarter last fiscal. Blue Star's standalone net profit for the first half of 2015-16 was also down 16.99 percent to Rs 33.25 as against Rs 40.06 crore a year ago.
Its total income during the first half of the current fiscal was at Rs 1,625.24 crore, up 9.82 percent, from Rs 1,479.85 crore a year ago.
State Bank of Mysore reported 30 percent jump in net profit to Rs 131.98 crore for the July-September quarter on the back of fall in NPAs as well as lower provisioning for bad loans and contingencies. The bank had posted a net profit of Rs 101.90 crore for the July-September quarter of 2014-15 fiscal. Total income of the bank during the quarter under review increased to Rs 1,969.96 crore from Rs 1,900.52 crore in the year-ago period, it said in a BSE filing.
Provisioning was lower at Rs 116.40 crore during the quarter under review than Rs 216.56 crore in the year-ago period. On asset-quality front, gross NPAs or bad loans were 4.19 percent of gross advances as of September 30, 2015, as against 5.07 percent in the same period a year ago. Net NPAs too improved as their percentage as net advances were 2.22 percent during the second quarter, down from 2.94 percent a year earlier. Navneet Education reported weak Second quarter in FY16 year on year. Topline down by 21 percent at Rs 117.4 crore versus Rs 147.8 crore. EBITDA down by 55 percent at Rs 11.74 crore versus Rs 26 crore. Margins down by 760 basis points at 10.0 percent versus 17.6 percent. Profit after tax by 12 percent at Rs 10.5 crore versus Rs 11.9 crore.Advanta sees operationally weak consolidated second quarter in FY16 year on year. Revenue down by 19 percent at Rs 308 crore versus Rs 381 crore. EBITDA down by 38.4 percent at Rs 44.2 crore versus Rs 71.7 crore. EBITDA Margins at 14.4 percent versus 18.8 percent. Net Profit rises by 136 percent at Rs 44.6 crore versus Rs 18.9 crore. Total Expenses up 14 percent at Rs 274 crore. Other Income at Rs 55.3 crore versus Rs 1.9 crore. Finance costs up by 39 percent at Rs 29 crore. Enil reported steady second quarter in FY16 year on year. Revenue up by 11.6 percent at Rs 116.2 crore versus Rs 104.4 crore. EBITDA rises by 13.7 percent at Rs 35.7 crore versus Rs 31.6 crore. Margins up by 50 basis points at 30.7 percent versus 30.2 percent. Net Profit rises 15.9 percent at Rs 27 crore versus 23.3 crore. Gujarat Sidhee Cement sees poor second quarter in FY16 year on year. Total Income down by 23 percent at Rs 101.1 crore. EBITDA Loss at Rs 15.4 crore versus Loss of Rs 7.5 crore. EBITDA Margins at -15.2 percent versus 5.8 percent. Net Loss at Rs 14.1 crore versus Loss of Rs 9.8 crore. The other stocks in focus are Bharti Infratel and REC.
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