Top 9 stocks likely to be in focus on Monday
Here is a list of stocks that are likely to be in the limelight on Monday:
JK Cement:
The company in Q3 posted over a threefold jump in its standalone net
profit to Rs 66.43 crore. In October-December a year ago, the company
has reported a net profit of Rs 17.67 crore.
Godrej Properties:
In Mumbai, Kolkata and Chandigarh the real estate company is planning
to monetise commercial properties worth about Rs 1,500 crore over a
period of six months, so as to reduce net debt which stands at Rs 3,278
crore.
Central Bank of India:
The PSU bank posted a net loss of Rs 605.70 crore for Q3 owing
to persisting bad loans. The bank has trimmed its losses for the quarter
against a Rs 836.62 crore loss it posted in the corresponding quarter
of the previous year.
Jammu and Kashmir Bank: For Q3 the bank posted a net loss of Rs 498.47
crore, mainly due to sharp jump in provisions for bad loans. In Q3 of
2015-16 the bank had declared a net profit of Rs 117.68 crore.
Dr. Reddy’s Laboratories: On Saturday, the drug major reported a
consolidated net profit of Rs 470 crore in Q3FY17, giving a 19% decline
from Rs 579 crore in the same period a year ago.
Finolex Industries: The PVC and pipe fittings manufacturing company has
posted a 69.54% jump in standalone net profit at Rs 71.94 crore in Q3.
In the same quarter of the previous fiscal the company had posted a net
profit of Rs 42.43 crore.
Indian Hotels Company: The hotels and resorts chain owner has posted a
59% increase in its standalone net profit at Rs 92 crore for Q3, as
compared to Rs 58 crore in the same period last year.
Jindal Steel: The company in order to reduce its debt of around Rs
46,000 crore is exploring various options, including disinvestment.
Results Today: Marksans Pharma, Abbott India and VST Tillers are going to announce their Q3 results on Monday.
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