Stocks like Cipla, Amtek Auto, and Punj Lloyd react to the June quarter earnings.
Here are the stocks to look out for in today's trading:
Cipla – The company’s total income grew 41.6 percent to Rs 3852.8 crore and EBITDA rose 91.8 percent to Rs 1039 crore. Growth was led by the drug, Nexium that contributed nearly USD 70 to USD 75 million. There was a spike in research & Development (R&D) and staff costs as well. Post the results, the company’s management raised the FY16 guidance to 20 percent revenue growth and margin expansion of 100 basis points.
Amtek Auto – Sluggish demand in the auto sector led to a loss in the June quarter with a 20 percent reduction in EBITDA. Revenues reduced 18.6 percent to Rs 866.3 crore and loss came at Rs 157.6 crore. The company’s interest costs rose two-fold to Rs 236.5 crore. The management expects demand recovery to be slow in auto and non-auto business. Sees better international demand in coming quarters.
Other stocks to watch out for - Glenmark, SKS Microfinance, State Bank of India, Suven Life, Punj Lloyd, Bhushan Steel, Gitanjali Gems, HDFC.The Great Diwali Discount!
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First Published on Aug 17, 2015 08:52 am