Top 5 stocks in Focus on July 26: From Hero MotoCorp to Canara Bank; here are 5 newsmakers of the day
Hero MotoCorp: Indias largest two-wheeler manufacturer has posted a marginal decline of 0.53 per cent in net profit at Rs 909.17 crore for the quarter ended on June 30, 2018. Revenue from operations during the quarter under review stood at Rs 8,809.8 crore. It was at Rs 8,621.8 crore in the same period last fiscal.
Indian markets gave mixed results on Wednesday but there were certain stocks that made news after market hours and can have an impact on the market today. The five stocks that will remain in focus during today's trading session are:
Hero MotoCorp: India's largest two-wheeler manufacturer has posted a marginal decline of 0.53 per cent in net profit at Rs 909.17 crore for the quarter ended on June 30, 2018. Revenue from operations during the quarter under review stood at Rs 8,809.8 crore. It was at Rs 8,621.8 crore in the same period last fiscal.
Bharti Infratel: The leading telecom tower infrastructures provider company of the company reported 4 per cent decline in net profit to Rs 638 crore for the first quarter of current fiscal. The company had posted net profit of Rs 664 crore in the April-June quarter of last fiscal, 2017-18. Quarterly consolidated revenue, however, rose 4 per cent on a like-to-like basis to Rs 3,674 crore.
Larsen & Toubro: The engineering conglomerate on Wednesday reported a 36 per cent growth in the June quarter net profit to Rs1,215 crore compared with a profit of Rs 893 crore in the year-earlier period. Its consolidated revenue for the quarter stood at Rs 28,283 crore, up 18 per cent from a year ago, driven mainly by better execution in project businesses and robust growth in the services business.
Canara Bank: The Bengaluru-based PSU bank on Wednesday reported 11.9 per cent year-on-year (y-o-y) rise in net profit at Rs 281.49 crore for the first quarter of fiscal ended on June 30, 2018. Net interest income (NII) grew 43%, the bank said in a statement. The bank’s total income is also higher by 7.22 per cent at Rs 13,192.46 crore, against Rs 12,304.10 crore recorded last year.
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KPIT Technologies: The company on Wednesday declared financial results for the quarter ended on June 30, 2018, and reported net sales of Rs 1030.04 crores in the quarter as compared to Rs 882.41 crore during the same quarter ended on June 30, 2017. The company has posted a net profit of Rs.78.59 crores and has reported EPS of Rs.3.88 for the 3 months period.
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