Top 5 stocks in focus on July 16: Dr Reddy's, Bajaj Corp to DCB Bank, here are the 5 newsmakers of the day
The domestic market ended in the red on Friday after opening in green. However, there are certain stocks, like Dr Reddy's, Just Dial to CCL Products that came in the news after the market was closed and will have an impact in Monday's market.
The domestic market ended in the red on Friday after opening in green. However, there are certain stocks, like Dr Reddy's, Just Dial to CCL Products that came in the news after the market was closed and will have an impact in Monday's market. Here is the list of five stocks that should be watched on July 16, 2018:
Dr Reddy's Laboratories: Pharma major Dr Reddy's shares would be in focus today as New Jersey District Court has blocked the multi-national from selling a generic version of Indivior PLC’s opioid treatment Suboxone film. While the company has said that it disagrees with the court's decision and will vigorously appeal against it.
Just Dial: The company's Board meet is scheduled for July 20, 2018. During the meet, the board will take a decision on the announcement of June quarter earnings and buyback of equity shares.
Bajaj Corp: The company has reported financial results for the quarter ended on June 30, 2018. Q1 profit falls to Rs 53.76 crore vs Rs 54.97 crore, while revenue rose to Rs 221.41 crore from Rs 197.43 crore Year on Year (YoY). The company has reported net sales of Rs.222.58 crores during the 3 months period as compared to Rs.208.49 crores during the 3 months period ended June 30, 2017.
CCL Products (India) Ltd: The Roasted coffee company has reported better than expected numbers in quarter 1 of the financial year 2018-19. It reported net sales of Rs 294.77 crores as compared to Rs 249.31 crores during the 3 months period ended June 30, 2017. On the profit front, the company posted a net profit of Rs 39.46 crores against Rs 27.03 crores for the 3 months period ended June 30, 2017. It also reported EPS of Rs 1.97 for the 3 months period ended on June 30, 2018.
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DCB Bank: The bank’s profit after tax was at Rs 70 crore in Q1 FY 2018-19 as against Rs 65 crore in Q1 FY 2017-18. The bank's operating profit rose to Rs 141 crore during the June quarter from Rs 136 crore in the corresponding quarter of 2017-18.
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