Stock Corner
1.
Bajaj
Electricals posted a 98 percent year-on-year increase in its net profit for the
June quarter to Rs 40.5 crore, on the back of strong growth in its consumer
durables business.The consumer durables segment overtook engineering,
procurement and construction (EPC) to become the largest contributor to the
company's overall revenue.
2.
Shares of
Cipla today spurted nearly 5 percent after the company posted a 10 per cent
increase in consolidated net profit for the June quarter Drug major Cipla
yesterday posted a 10 per cent increase in its consolidated net profit to Rs
451 crore for the first quarter ended June 30, driven by robust sales across
various markets.
3.
Auto
ancillary company Bharat Forge has started off the financial year 2018-19 on a
strong note as first quarter profit surged 33.9 percent on growth across the
board. Profit increased to Rs 234.5 crore from Rs 175.1 crore in same period
last year. Revenue during the quarter rose 23.2 percent year-on-year to Rs
1,479.7 crore, backed by domestic as well as exports businesses.
4.
Public
sector Indian Bank on Wednesday reported a 43.7 percent decline in net profits
for the quarter ending June 30, 2018, to Rs 209.31 crore. The
city-headquartered bank had recorded net profits of Rs 372.40 crore in the
corresponding period last year. For the year ending March 31, 2018 the bank's
net profits stood at Rs 1,258.99 crore.
5.
Hindustan
Petroleum Corporation rose after the
company reported 85.91% rise in net profit to Rs 1719.21 crore on 26.12%
increase in net sales to Rs 67331.52 crore in Q1 June 2018 over Q1 June 2017.
Missed call
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