Top 5 stocks in focus on July 20: Bajaj Finserv, ABB India to Wipro, here are the 5 newsmakers of the day
The Indian markets closed in a negative zone on July 19 but there were certain stocks that came in the news after market hours, which can have an impact on the market on July 20. In addition, there are a few more stocks that will be in the news because they will be declaring their first-quarter earnings report today.
The Indian markets closed in a negative zone on July 19 but there were certain stocks that came in the news after market hours, which can have an impact on the market on July 20. In addition, there are a few more stocks that will be in the news because they will be declaring their first-quarter earnings report today. Find the list of five newsmakers of the day:
Bajaj Finserv Ltd.: The investment management company has reported financial results for the period ended June 30, 2018, and posted about 41.3 per cent growth in its consolidated net profit at Rs 825.77 crore during the quarter ending June 30, 2018. The net profit in the year-ago period stood at Rs 584.53 crore. The company’s consolidated revenue grew 16 per cent to Rs 8,771.06 crore in the first quarter of fiscal 2018-19 from Rs 7,536.56 crore in the corresponding period last year.
ABB India: The automation company reported its financial results for the period ended on June 30, 2018. It has posted a 36 per cent growth in net profit at Rs 102.15 crore during the quarter. The profit year-ago stood at Rs 75.06 crore. Total income in the quarter rose to Rs 2,713 crore from Rs 2,233 crore in the same period a year ago.
Hatsun Agro: The company has posted its financial results for the period ended on June 30, 2018. It has reported net sales of Rs 1236.37 crores in the quarter compared to Rs.1171.19 crore in the same quarter of the corresponding year. Its net profit stood at Rs 37.85 crores in the quarter against Rs 35.18 crore of the previous quarter. In addition, the company has also announced its plan to set up a dairy manufacturing plant in Maharashtra and has identified the location for construction of the Plant.
Bajaj Auto: The country's third-largest two-wheeler maker company will declare its first-quarter earnings report today. It is likely to post a double-digit rise in net profit for the quarter ended June.
Wipro: The information technology company will also declare the results of its first-quarter earnings that ended on June 30, 2018. It is expected that the third largest IT services provider in the country will post positive results.
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