1. Idea Cellular, ICICI Bank, HCC among 10 stocks that remained in focus today

Idea Cellular, ICICI Bank, HCC among 10 stocks that remained in focus today

Idea Cellular stocks closed 6.52 per cent down at Rs 118.30 after the company's net profit declined 39 per cent in the March quarter.

By: | Updated: April 29, 2016 5:52 PM
Stocks that remained in focus Idea Cellular stocks closed 6.52 per cent down at Rs 118.30 after the company’s net profit declined 39 per cent in the March quarter. (Photo: Reuters)

The BSE Sensex and NSE Nifty closed flat after a volatile trading session on Friday as gains in energy stocks, following a recovery in crude prices, were offset by disappointing quarterly results from ICICI Bank Ltd and HCL Technologies Ltd. Sensex ended 3.52 points up at 25,606.62, while NSE Nifty settled 2.55 points up to close at 7,849.80.

Below are the 10 stocks that remained in focus in Friday’s trade

Vedanta: Share price of the company closed 3.75 per cent up at Rs 103.75 after the company managed to lower its net loss at Rs 11,181.26 crore in the March quarter.

Idea CellularTelecom operator Idea Cellular on Thursday said it has launched its 4G services to 84 more towns of Andhra Pradesh and Telangana circle, taking the total tally to 121 in both the circles. The company’s net profit declined by 39 per cent to Rs 575.6 crore in the last quarter of 2015-16 due to a spike in finance costs. Share price of the company closed 6.52 per cent down at Rs 118.30

Ambuja Cement: Shares rallied as much as 2 per cent on Friday despite reporting 4.4 per cent decline in net profit at Rs 304 crore for the quarter ended March 31, compared with Rs 318 crore in the same period last year. Stocks cheered the uptick in cement volumes that rose 9.5 per cent at 5.86 million tonnes compared with 5.35 MT in the corresponding quarter of the previous year. Later, the share price of the company closed 0.30 per cent up at Rs 220.90.

Marico Ltd: Stocks of the FMCG company ended 2.77 per cent up at Rs 258.30 after it reported a 25.81 per cent increase in consolidated net profit at Rs 138.43 crore for the quarter ended March 31.

ICICI Bank: Shares of the private lender closed 1.48 per cent down at Rs 236.60 after the company reported 75.97 per cent decline in standalone net profit at Rs 701.89 crore for the fourth quarter ended March 31 on account of 2-fold rise in provisioning for bad loans. The bank’s net profit in the same quarter of the previous fiscal was Rs 2,922 crore.

Hindustan Construction Company (HCC): Share price of the company closed 5 per cent lower at Rs 20.90 after it reported a 7.31 per cent decline in its standalone net profit at Rs 19.14 crore for the March quarter. The company had posted a net profit of Rs 20.65 crore in the year-ago period, it said in a BSE filing.

Dabur India Ltd: Stocks of the FMCG firm closed 2.28 per cent up at Rs 275.55 after it reported a 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for the fourth quarter ended March 31, 2016. The company had reported a net profit of Rs 284.76 crore in the January-March quarter of 2014-15.

Jubilant Life Sciences Ltd: Drug firm Jubilant Life Sciences is seeking stakeholders’ nod to raise up to $200 million (around Rs 1,330crore) to fund expansion including acquisition and additional working capital needs, among others. In a notice of postal ballot, the company said the purpose of raising the fund is to strengthen its balance sheet by deleveraging and also “to explore further growth initiatives such as expansion, acquisition, additional working capital needs and other general corporate purposes”. Stock of the company closed 0.44 per cent up at Rs 400.05.

HCL Technologies Ltd: Stocks of the IT company closed 6.19 per cent down at Rs 750.45 after it zposted a 14.4 per cent rise in net profit at Rs 1,926 crore for the March quarter, helped by growth in lifesciences, public services and telecom.

State Bank of Bikaner and Jaipur (SBBJ): Stocks of the state-run bank ended 2.47 per cent down at Rs 523.05 after it reported a 31.05 per cent plunge in net profit to Rs 193.22 crore for the quarter ended March 31, due to increased provisions for bad loans.

  1. No Comments.

Go to Top