Larsen & Toubro (L&T) stocks ended 14.04 per cent up at Rs 1472.60 after it reported 18.55 per cent increase in consolidated net profit at Rs 2,453.64 crore for the March quarter, and added that it expects 12-15 per cent rise in revenues this fiscal.
The benchmark Sensex and NSE Nifty closed higher for third straight day on Thursday following rebound in oil prices amid May derivatives expiry and mixed Asian cues. Stock markets also got support from capital good stocks that rallied after Union Cabinet approved National Capital Goods Policy. Sensex soared 485.51 points to end at 26,366.68, while NSE Nifty surged 134.75 points to close at 8,069.65.
Below are the 10 stocks that are in focus today
Ujjivan Financial Services: Stocks of the microfinance player hit 52-week high and closed 11.71 per cent up at Rs 297.70 after its net income jumped by 133.84 per cent to Rs 177.21 crore during the 2015-16 fiscal on the back remarkable growth in portfolios like microfinance, MSME and group lending businesses.
Yes Bank: Stocks of the private lender settled 2.23 per cent up at Rs 1018.45 after the Cabinet Committee on Economic Affairs approved Yes Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of $1 billion (Rs 6,885 crore).
Dr Reddy’s Laboratories: Stocks of the pharma company closed 1.22 per cent up at Rs 3090.30 after it acquired a portfolio of over-the-counter (OTC) brands in the cough-and-cold, pain and dermatology categories. The company has acquired six OTC brands from Pennsylvania-based Ducere Pharma, including Doans, Bufferin, Nupercainal ointment, Cruex nail gel, Comtrex and Myoflex for an undisclosed sum.
Larsen & Toubro (L&T): Stocks of the engineer major ended 14.04 per cent up at Rs 1472.60 after it reported 18.55 per cent increase in consolidated net profit at Rs 2,453.64 crore for the March quarter, and added that it expects 12-15 per cent rise in revenues this fiscal. The company had registered a net profit of Rs 2,069.64 crore in the corresponding quarter of 2014-15.
Ashok Leyland: Stocks of the Hinduja group’s flagship company ended 7.10 per cent up at Rs 104.15 after it reported a 66.50 per cent decline in its standalone net profit at Rs 77.02 crore for the fourth quarter ended March 31, hit by diminution in value of its investments. The company, which has earmarked exceptional provisions of Rs 389 crore for 2015-16, including impairment in investments on certain joint ventures as well as overseas subsidiaries, had posted a standalone net profit of Rs 229.97 crore in the same period of the previous fiscal.
Aditya Birla Fashion and Retail (ABFRL): Stocks of the company plunged 6.07 per cent at Rs 137.75 after it reported a net loss of Rs 109.82 crore on standalone basis for the January-March quarter of 2015-16 against a loss of Rs 63.78 crore in the same period last year.
GAIL India: Share price of the company advanced over 2 per cent in the early trade on Thursday after the state gas utility firm reported a 50.76 per cent rise in March quarter net profit at Rs 769.99 crore on the back of higher volumes of gas transmission and bigger trading margins. However, the share price of the company ended 0.31 per cent down at Rs 380.10.
Thermax Ltd: Stocks of the company ended 3.19 per cent up at Rs 737.60 after it reported 16 per cent decline in standalone net profit at Rs 111.15 crore for the quarter ended March 31, 2016.
Kesoram Industries: Stocks of the company ended 3.80 per cent down at Rs 108.95108.95 after it reported a marginal gain in net profit of Rs 348.88 crore for the fourth quarter ended March 2016, riding on Rs 755.35 crore gain from sale of assets.
Rattan India Power: Stocks of the company ended 14.10 per cent up at Rs 11.17 after the company on Wednesday posted a consolidated net profit of Rs 227.28 crore for the quarter ended on March 31, 2016, against a loss of Rs 223.60 crore in the same period last year.