Tuesday 23 May 2017

Five Stocks to watch out for on Wednesday

Tata Motors: The auto major on Tuesday reported a consolidated net profit of 4336.43 crores for the quarter ended March 31, 2017, a decline of 16.79% due to a slowdown in domestic business. The company had posted a consolidated net profit of Rs 5211.49 crores for the same quarter in the previous year.

SBI: The bank is going to finalise a list of banks to manage a share sale as it plans to raise as much as Rs 10,000 crore, reported a national news portal.

Voltas: The company reported a consolidated net profit of Rs 200.47 crore for the quarter ended March 31, 2017, an increase of 22.06%, as against Rs 164.23 crore for the same quarter a year ago, as per BSE filing.

Future Retail: The company on Tuesday reported a net profit of Rs 120.6 crore for the quarter ended March 31, 2017, a rise of 15%, as against Rs 104.6 crore in the same period a year ago, reported a national news portal.

Financial results today: Adani Ports, Alchemist, Kopran, Lupin, Somany Ceramics, PNC Infratech, Wonderla Holidays and Adani Enterprises are some of the companies likely to report their quarterly earnings on Wednesday.

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