Dr Reddy's: Delivery at 200 percent yesterday; Delivery-based selling of Rs 149.8 crore. Delivery-based selling of close to Rs 250 crore in 2 days. 60 percent of brokerages cut ratings on the stock. Credit Suisse view downgrade to Underperform from Neutral. Jefferies view downgrade to Underperform from Hold, Target of Rs 2,850. Macquarie view downgrade to Neutral, Target of Rs 3,500. CLSA view downgrade to Outperform from Buy, Target of Rs 3,680. Ambuja Cements: Ambuja Cements reported a healthy 77 percent growth in its standalone net profit at Rs 399.51 crore for the quarter ended June 30, 2016.
The firm, which follows January-December as fiscal year, had clocked a net profit of Rs 226.35 crore in the year ago period, it said in a BSE filing.
Total standalone income of the company, however, rose by just 2 percent to Rs 2,560.72 crore in April-June quarter of 2016 against Rs 2,508.27 crore during the same quarter of 2015.
Total expenses of the company were lower at Rs 2,110.90 crore from Rs 2,272.99 crore during the period under review.
Cement sales of Ambuja, however, declined by 2 percent to 5.76 million tonnes (MT) during the June quarter against 5.88 MT in the year-ago period.Zee Entertainment: Zee Entertainment Enterprises (ZEEL) reported a 21.76 percent increase in consolidated net profit at Rs 216.96 crore for the quarter ended June 30, 2016.
The company had posted a consolidated net profit of Rs 178.18 crore in the same period of previous fiscal.
Total income from operations stood at Rs 1,571.62 crore in the April-June quarter of this fiscal, up 18.46 percent, compared to Rs 1,326.68 crore during the same period of 2015-16, ZEEL said in a filing to the BSE.
Its advertising revenues for the quarter were Rs 912 crore, up 19.2 percent while its subscription revenues stood at Rs 528.2 crore, recording a growth of 14.2 percent over the first quarter of previous fiscal.PI Industries: PI Industries total income up by 15.4 percent at Rs 683.4 crore versus Rs 592.10 crore. EBITDA rises by 23.2 percent at Rs 165.6 crore versus Rs 134.4 crore. EBITDA Margin at 24.2 percent versus 22.7 percent. Net Profit increases 47.7 percent at Rs 126.9 crore versus Rs 85.9 crore.Bharti Infratel: Mobile tower company Bharti Infratel reported a 71 percent jump in its consolidated net profit at Rs 756.2 crore for the quarter ended June 2016.
The company had posted a net profit of Rs 442.4 crore in the same period a year ago.
"Indian telecom industry is going through consolidation, we believe this would be good for the industry in the long run as the sector would require large investments by the operators in future to cater to the ever increasing data demand. Bharti Infratel and Indus Towers being the leaders are fully geared to serve our customers' demand," Bharti Infratel Chairman Akhil Gupta said in a statement.United Spirits: Diageo-owned United Spirits reported an over three-fold jump in its standalone net profit at Rs 43.80 crore for the quarter ended June 30, 2016.
The company had posted a net profit of Rs 11.61 crore for the corresponding period of the previous fiscal, United Spirits said in a filing to the BSE.
Standalone total income from operations of the company stood at Rs 2,040.54 crore for the quarter under consideration as against Rs 1,866.15 crore for the same period a year ago.Delta Corp: Delta Corp got provisional license from Govt of Sikkim to operate casino. Company Signed leave & license agreement with Denzong Regency Hotel. Sikkim to operate casino. Sikkim casino to be ready in next 3 months. Sikkim casino could generate Rs 50 crore topline.Other stocks in focus are JSPL and Equitas.
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