Top 5 stocks in focus on July 19: Reliance Communications, Mindtree to Mahindra CIE, here are 5 newsmakers of the day
Benchmark BSE Sensex and Nifty 50 ended sharply lower on July 18, 2018, but there were certain stocks that came in news on the day and may show some positive or negative impact on the market on July 19, 2018. Find the list of five newsmakers of the day below:
Reliance communication: The debt-laden telecom, RCom, has reported a loss of Rs 342 crore in the first quarter. The Anil Ambani controlled firms revenue from operations fell about 26 per cent to 10.06 billion rupees in the first quarter.
Mindtree: The mid-sized information technology and outsourcing company announced its financial results for the quarter ended June 30, 2018. It posted a 30 per cent rise in consolidated net profit at Rs 158.2 crore in the quarter, a decline of 13.2 per cent from the March-ended quarter. Its revenues rose 27.1 per cent to Rs 1,639.5 crore in the quarter under review from Rs 1,289.5 crore in the year-ago period.
JK Tyre & Industries Limited: The company has reported a consolidated net profit of Rs 64.24 crore for the first quarter ended on June 20. It had posted a net loss of Rs 117.21 crore in the year-ago quarter. Its revenues from operation during the quarter stood at Rs 2,439.52 crore.
Mahindra CIE Automotive Limited: The company reported a strong set of standalone numbers for Q2CY18. Its revenue was up by 45 per cent YoY at Rs 650 crore and profit stood at 43.85 crores. Its EBITDA surged 91 per cent to Rs 82 crore.
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Kotak Mahindra Bank: The private sector lender will report its June quarter results today. It is expected to post a saw positive results and may post a 24 per cent increase in its standalone net profit for the quarter. The net interest income (NII) is projected to grow at a rate of 16 per cent.