CLSA has upgraded Jammu & Kashmir Bank rating from sell to buy with a revised target of Rs 77 (against Rs 65 earlier) as it believes valuation is reasonable and bank's focus on sanitising its book (asset quality) is also encouraging. However, the brokerage house cut its earnings estimates for FY17-19 after September quarter earnings.
Dinesh Dua, Director of Nectar Lifesciences Dinesh Dua said the company stands to gain from pharmacies destocking due to demonetisation. He expects a good Q4 show as chemists will restock supplies.
Gitanjali Gems shares rallied 10 percent intraday Thursday after its subsidiary has decided to raise funds through initial public offering.
Brokerage houses slashed earnings estimates as well as target price on Coal India after the world's largest coal mining company reported dismal performance in the quarter ended September 2016. The stock fell more than 4 percent intraday Wednesday.
Nahar Industrial Enterprises shares were locked at 20 percent upper circuit at Rs 118.25 on Tuesday after reporting more than 15-fold jump in bottomline due to strong operational performance.
State-run coal miner Coal India's second quarter profit is seen falling 15.5 percent year-on-year to Rs 2,150 crore and revenue may decline 0.9 percent to Rs 16,800 crore, according to average of estimates of analysts polled by CNBC-TV18.
Claris Lifesciences shares gained more than 5 percent intraday Friday as quarterly earnings boosted by strong operational performance and US speciality injectable business.
Chemical manufacturing company DCW, formally known as Dhrangadhra Chemical Works, has reported a whopping 64.8 percent growth in profit at Rs 8.9 crore compared with year-ago period, driven by strong operational performance.
Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.
Growth of real or inflation-adjusted gross domestic product (GDP) â€” the value of all goods and services produced in the country â€” moderated from 7.6 percent in July-September 2015, national income data released on Wednesday showed.
Tata Power on Tuesday reported weak Q2FY17 earnings with income falling 6 percent to Rs 7,208.9 crore against Rs 7,666.3 crore in the year-ago period. EBITDA fell 27.2 percent to Rs 1,461.6 crore against Rs 2,008 crore reported during Q2FY16. Meanwhile, EBITDA margin for the quarter stood at 20.3 percent.
Tata Power, one of the largest power generation companies in the private sector, is expected to report a 39 percent growth in profit at Rs 344 crore, according to average of estimates of analysts polled by CNBC-TV18.
Mumbai-based natural gas distribution company Mahanagar Gas's profit during July-September quarter jumped 40.8 percent year-on-year to Rs 102.2 crore, driven by strong operational income despite lower revenue.
State-run oil exploration company Oil India has reported profit of Rs 580.3 crore in July-September quarter, down 17.8 percent compared with Rs 705.7 crore in year-ago period. Lower revenue and operational income dented bottomline.
Shilpa Medicare said consolidated profit during July-September quarter increased 64 percent year-on-year to Rs 38.2 crore. The bottomline growth was driven by revenue as well as operational performance.
Footware maker Bata India said profit in July-September quarter declined 36.4 percent year-on-year to Rs 34.6 crore. Income in Q2FY16 had an exceptional gain of Rs 31.8 crore.
Aditya Birla Fashion & Retail's second quarter profit increased 7 percent year-on-year to Rs 64.9 crore, supported by revenue but margin restricted the growth.
State-run oil exploration company Oil India shares gained 4 percent intraday to hit fresh 52-week high of Rs 444.20 Thursday ahead of board meeting for bonus issue.
L&T has maintained its order inflow guidance of 15 percent and revenue growth forecast of 12-15 percent for the current financial year 2016-17.
Mumbai-based road developer IRB Infrastructure said consolidated profit in July-September quarter declined 5 percent to Rs 142.2 crore compared with Rs 149.67 crore in year-ago period. Higher finance cost dented bottomline.
Engineering and construction major Larsen & Toubro (L&T) is expected to report a 11 percent degrowth in consolidated profit at Rs 890 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18. Profit of Rs 996 crore in Q2FY16 was boosted by exceptional gain of Rs 310 crore.
State-run hydropower generation company NHPC's second quarter profit jumped 28 percent year-on-year to Rs 1,554.6 crore, driven largely by other income.
State-run oil marketing company Hindustan Petroleum Corporation (HPCL) disappointed analysts on its quarterly earnings front as profit fell sharply by 66.6 percent quarter-on-quarter to Rs 701.3 crore due to weak operational performance.
Tata Steel's second quarter profit may fall 46.3 percent year-on-year to Rs 821 crore and revenue is seen declining 7.4 percent to Rs 27,150 crore, according to average of estimates of analysts polled by CNBC-TV18.
Utility vehicle and farm equipment maker Mahindra & Mahindra (M&M) is expected to report a 9.5 percent growth in second quarter consolidated profit at Rs 1,070.8 crore on yearly basis, according to analysts polled by CNBC-TV18.