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  1. Dr Reddy’s Lab, Bajaj Finance among 10 stocks that made news in Tuesday’s trade

Dr Reddy’s Lab, Bajaj Finance among 10 stocks that made news in Tuesday’s trade

Bajaj Finance Ltd stocks ended 9.75 per cent up at Rs 9853.40 after it reported 53.83 per cent rise in net profit figures at Rs 423.99 crore for the quarter ended June 30, 2016 against Rs 275.63 crore in the corresponding quarter a year ago.

By: | Updated: July 26, 2016 4:53 PM
Stocks that made news Bajaj Finance Ltd stocks ended 9.75 per cent up at Rs 9853.40 after it reported 53.83 per cent rise in net profit figures at Rs 423.99 crore for the quarter ended June 30, 2016 against Rs 275.63 crore in the corresponding quarter a year ago.

The BSE Senex and NSE Nifty ended lower on Tuesday as first quarterly earnings affected the market sentiments. Sensex dropped 118.82 points to settle at 27,976.52, while NSE Nifty ended 45 points down at 8,590.65.

Below are the 1o stocks that are in focus today

Dr Reddy’s Laboratories: Shares of the company tanked 4.37 per cent at Rs 3322.85 after it posted lower-than-expected first quarterly results. It reported 76 per cent fall in net profit at Rs 153.50 crore for the quarter ended June 30, 2016 against Rs 647.40 crore in the corresponding quarter a year ago. Brokerage House ICICI Securities was expecting net profit of Rs 452.40 crore for April-June period.

Maruti Suzuki India Ltd: Shares of the company ended 1.44 per cent down at Rs 4485.25 despite posting 23 per cent jump in net profit for the first quarter to Rs 1,486.2 crore. The company had reported a net profit of Rs 1,208.1 crore for the same period in the previous fiscal.

Canara Bank: Stocks of the public sector bank ended 1.60 per cent up at Rs 257.75 despite posting 52.1 per cent decline in net profit at Rs 228.9 crore in the first quarter ended June citing bad loans

Sobha Ltd: Stocks of realty firm surged 3.75 per cent at Rs 334.65 after it bought back 17.59 lakh shares of the company from existing shareholders for Rs 58 crore.

JK Paper: Stocks of the company were trading 1.95 per cent up at Rs 62.75 (9.25 am) after it reported 79.04 per cent jump in standalone net profit to Rs 26.66 crore for the first quarter ended on June 30, 2016. Later, the scrip settled 5.36 per cent down at Rs 58.25.

PNC Infratech: Stocks of the company ended 1.54 per cent up at Rs 565  after it won a project worth Rs 232.91 crore for four-laning of road in Uttar Pradesh.

V-Guard Industries: Shares of the company ended 4.36 per cent up at Rs 1552.75 after it posted a 70.03 per cent jump in net profit at Rs 42.78 crore for the quarter ended June 30, 2016.

Bajaj Finance Ltd: Stocks of the company ended 9.75 per cent up at Rs 9853.40 after it reported 53.83 per cent rise in net profit figures at Rs 423.99 crore for the quarter ended June 30, 2016 against Rs 275.63 crore in the corresponding quarter a year ago.

Amtek Auto: Share price of the company ended 7.50 per cent up at Rs 51.60 on reports the company is planning to sell more overseas assets in a bid to reduce debt.

TVS Motor Company Ltd: Share price of the company ended 3.08 per cent down at Rs 291.40 after it posted disappointing first quarterly results. Its net profit rose 21.15 per cent at Rs 121.25 crore for April-June 2016 period against Rs 100.08 crore in the corresponding quarter a year ago, which is below analyst estimates.  Religare Capital Markets was expecting profit of Rs 130 crore.

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