1. 10 stocks that hogged limelight in Friday’s trade: Bharat Financial, Biocon, Federal Bank and more

10 stocks that hogged limelight in Friday’s trade: Bharat Financial, Biocon, Federal Bank and more

Bharat Financial Inclusion Ltd stocks settled the day 10.58 per cent up at Rs 844.90 after the microfinance institute posted 285.75 per cent, or 3.86 times, rise in net profit figures at Rs 235.91 crore for the quarter ended June 30, 2016 against Rs 61.16 crore in the corresponding quarter last year.

By: | Updated: July 22, 2016 5:08 PM
Stocks in focus today Bharat Financial Inclusion Ltd stocks settled the day 10.58 per cent up at Rs 844.90 after the microfinance institute posted 285.75 per cent, or 3.86 times, rise in net profit figures at Rs 235.91 crore for the quarter ended June 30, 2016 against Rs 61.16 crore in the corresponding quarter last year. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended higher in a lacklustre trade on Friday on the back of impressive corporate earnings amid reports of GST to be taken for discussion in Rajya Sabha next week. Sensex gained 92.72 points to close at 27,803.24, while NSE Nifty settled 31.10 points up at 8,541.20.

Below are the 12 stocks that are in focus today

Bharat Financial Inclusion Ltd: Stocks of the company settled the day 10.58 per cent up at Rs 844.90 after the microfinance institute posted 285.75 per cent, or 3.86 times, rise in net profit figures at Rs 235.91 crore for the quarter ended June 30, 2016 against Rs 61.16 crore in the corresponding quarter last year.

Biocon: Shares of the pharma company hit fresh all-time high after the company posted 34.46 per cent rise in consolidated net profit at Rs 166.60 crore for the first quarter ended June 30, 2016 on the back of strong growth in biologics and branded formulations. It had reported net profit of Rs 123.90 crore in the same quarter last year. The scrip ended 15.28 per cent at Rs 808.70.

ITC: Stocks of the FMCG major were trading 1.68 per cent up at Rs 254.85 after as it posted an increase of 10 per cent in standalone net profit at Rs 2,385 crore for the first quarter ended June 30, 2016. Later, the share price of the company 0.44 per cent down at Rs 249.55.

Federal Bank: Shares of the bank ended 4.67 per cent up at Rs 63.85 after it posted a net profit of Rs 167.31 crore for the quarter ended June 30, 2016 against Rs 141.39 crore in the corresponding quarter last year.

Wockhardt: Shares of the drug major settled 1.60 per cent down at Rs 975.25 as the US health regulator has made “observations” in its Establishment Inspection Report (EIR) for its three units in Maharashtra and the ban on exports from the facilities to the US will continue.

Cairn India: Share price of the company closed 8.72 per cent up at Rs 192 despite reporting 28 per cent fall in its June quarter net profit as drop in oil prices wiped away gains made from operational efficiencies and cost cutting.

Gammon India: Shares of the debt-laden infrastructure firm settled the day 1.26 per cent up at Rs 16.10 after it posted consolidated net loss of Rs 502.51 crore for 18-month period ended March 31.

Raymond: Shares of the company settled 6.60 per cent up at Rs Rs 457.65 after the company posted consolidated net loss of Rs 16.61 crore for the first quarter ended June 30, 2016, citing low consumer demand amid global economic environment. The company had reported net loss of Rs 14.47 crore during the April-June period of previous financial year.

Reliance Defence and Engineering: Share price of the company ended 2.03 per cent up at Rs 65.20 after it signed Sub-Concession Agreement (SCA) with Gujarat Maritime Board and Gujarat Pipavav Port at Gandhinagar, Gujarat. The SCA is for a period of 30 years expiring in June 2046 and the said term of SCA may be further extended.

L&T Finance Holdings: Stocks of the company ended 2.67 per cent up at Rs 76.85 after it posted a rise of 7.8 per cent in consolidated net profit at Rs 207.4 crore for first quarter ended June, 2016. Company’s consolidated net profit stood at Rs 192.46 crore in the April-June quarter of the previous fiscal.

  1. S
    Srikanth Komma
    Jul 23, 2016 at 12:32 pm
    Raymond is not up 6.60 percent, It is down 6.06 percent. Please correct.
    Reply
  2. S
    Srikanth Komma
    Jul 23, 2016 at 12:32 pm
    Raymond is not up 6.60 percent, It is down 6.60 percent. Please correct.
    Reply

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