Stocks to Watch, 17 Apr: Stocks like Waaree Renewable Technologies, GTPL Hathway, Prestige Estates Projects, UltraTech Cement, Bharat Heavy Electricals, Indian Railway Finance Corporation, SML Isuzu, Petronet LNG, SBI Cards and Payment Services, Glenmark Pharmaceuticals, Tata Steel, Ballarpur Industries, and Karnataka Bank will be in focus on April 17.
"In view of the nationwide lockdown implemented during the period end-March 2020 and May 2020, the auditors were not able to visit the units to carry out necessary audits in India and Malaysia," Ballarpur Industries said in a regulatory filing.
Revenue from operations during the quarter under review stood at Rs 816.81 crore as against Rs 955.13 crore in the same period a year ago.
The company was on the second list of 29 defaulting companies of RBI, recommending that these firms be referred for resolution through the bankruptcy code.
Ballarpur Industries has reported a consolidated total income from operations of Rs 824.43 crore and a net loss of Rs 150.20 crore for the quarter ended Jun-2018
The company, which makes writing and printing paper, had posted a net loss of Rs 243.37 crore in the same period previous fiscal.
As per the agreement signed on April 4, Pelangi Prestasi has already deposited 10 percent of the total consideration in cash, Ballarpur Industries said in a regulatory filing.
India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore following complaints from some domestic companies.
Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Apollo Hospitals, Ballarpur Industries and GSFC and sell HPCL and Tata Power.
Vishal Malkan of malkansview.com is of the view that one may sell Marico with a target of Rs 285.
Paper stocks like Ballarpur Industries, NR Agarwal Industries, JK Paper, Star Paper and West Coast Paper will get astrological support, says Satish Gupta of astrostocktips.in.
Mehraboon Irani of Nirmal Bang Securities likes Ruchira Papers, Dalmia Bharat, Sterlite Technologies and Quess Corp.
Ashwani Gujral of ashwanigujral.com recommends buying Ballarpur Industries, Sobha, Gujarat Gas, Dish TV and Thomas Cook.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bajaj Finance and Idea Cellular while buy Ballarpur Industries.
The company, which makes writing and printing paper, had posted a net loss of Rs 59.31 crore in the same period of the previous fiscal.