TVS Motor shares closed 9.66 per cent down at Rs 287.90 despite posting 30.09 per cent rise in its net profit figures at Rs 117.76 crore for the quarter ended March 2016. It has posted a net profit of Rs 90.52 crore in the same quarter last year. (Express photo)
The BSE Sensex and NSE Nifty surrendered earlier gains and closed lower for a second straight session on Tuesday, tracking subdued regional stock markets as weak China factory data rekindled global growth worries. Sensex shed 207.27 points to end at 25,229.70, while NSE Nifty settled below 7,800-mark by falling 58.90 points to end at 7,747.
Below are 7 stocks that may be in focus in today’s trade:
TVS Motor: Shares of the company closed 9.66 per cent down at Rs 287.90 despite the company posting 30.09 per cent rise in its net profit figures at Rs 117.76 crore for the quarter ended March 2016. It has posted a net profit of Rs 90.52 crore in the same quarter last year.
Aurobindo Pharma: Shares of the pharma company ended 4.19 per cent up at Rs 801.95 after it received US Food & Drug Administration (USFDA) approval for its epilepsy prevention drug Lacosamide.
L&T Finance Holdings: Stocks of the company ended 2.59 per cent down at Rs 73.40 after it reported 91.49 per cent decline in net profit to Rs 16.17 crore for the quarter ended March 31, due to fall in income and increase in expenses. The company had posted a net profit of Rs 190.07 crore in the year-ago period.
Hero MotoCorp: Stocks of country’s largest two-wheeler maker were trading 1.49 per cent up at Rs 2951.10 (9.27 am) as it has reported 14.89 per cent increase in sales at 6,12,739 units in April. The company had sold 5,33,305 units in April 2015. Later, the scrip settled 0.68 per cent down at Rs 2888.
Tata Motors: Stocks of the automaker were trading 2.10 per cent up at Rs 415.85 (9.22 am) after it on Monday reported 9.9 per cent growth in sales at 39,763 units in April compared with 36,190 in the same month last year. Domestic sales of Tata Motors’ commercial and passenger vehicles rose 11 per cent at 35,978 units during the month as against 32,404 in April 2015. Later, the scrip ended 0.54 per cent up at Rs 409.50.
ICICI Bank and Kotak Mahindra Bank: Stocks of both the private lenders will be in focus as ICICI Bank’s market value fell below that of Kotak Mahindra Bank (KMB) in intra-day trade on Monday following a weak set of numbers for the three months to March. Shares of ICICI Bank ended 2.47 per cent down at Rs 221.35, while Kotak Mahindra Bank shares closed 1.39 per cent down at Rs 708.40.