Tuesday 30 May 2017

Top 10 Stocks in focus on Wednesday, 31 May 2017

Domestic equity markets are likely to open on a flat note with positive bias tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

Here is a list of over 10 stocks that are likely to be in focus today: 

State Trading Corporation: Government-owned State Trading CorporationBSE -0.34 %'s net profit more than halved to Rs 7.95 crore in the fourth quarter ended March 2017. The company recorded a profit of Rs 16.66 crore during January-March 2016, the company said in a BSE filing. 

SAIL: Leading steel maker SAILBSE -0.43 % reported a loss of Rs 771.3 crore in the three months ended March, 2017. On the back of higher revenues, the public sector enterprise narrowed its net loss from Rs 1,184.64 crore recorded in the year ago period. 

Reliance Communications: Moody's Investors Service has downgraded Reliance Communications' corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position. 

Monnet Ispat: The company on Tuesday reported widening of standalone net loss at Rs 459.5 crore for the fourth quarter ended March 2017. Its net loss stood at Rs 438.6 crore during January-March 2016. 

HCL Infosystems: IT company HCL InfosystemsBSE -1.67 % said its consolidated net loss has narrowed to Rs 124.11 crore for the fourth quarter ended March, 2017. Its net loss stood at Rs 154.6 crore during January-March 2016, HCL Infosystems said in a BSE filing. 

Gujarat NRE Coke: Coking coal producer Gujarat NRE CokeBSE -0.97 % said its consolidated net loss narrowed to Rs 330.6 crore for the fourth quarter ended March 2017. Its net loss stood at Rs 366.7 crore during January-March 2016. 

Bhushan Steel: Debt-laden Bhushan SteelBSE -0.12 % reported widening of net loss to Rs 756.76 crore for the fourth quarter ended March 31, 2017. The embattled firm had posted a net loss of Rs 657.56 crore in the year-ago period.

Uflex: Packaging company UflexBSE 4.26 % has reported a 25.62 per cent increase in consolidated net profit at Rs 98.19 crore for the fourth quarter ended March 31, 2017. It had posted a net profit of Rs 78.16 crore during the January-March quarter a year ago. 

Jet Airways: The airline company on Tuesay posted nearly 95 per cent fall in consolidated net profit at Rs 23 crore in the three months ended March 2017 as higher fuel prices and lower fares took a toll on its bottomline. Even though the full service airline carried more number of passengers in the quarter under review, it had a higher net profit of Rs 426 crore in the three months ended March 2016. 

Gitanjali Gems: The company on Tuesay posted a consolidated net profit of Rs 5.14 crore in the fourth quarter ended March, on higher income. Gitanjali GemsBSE -1.78 % had reported a net loss of Rs 23.24 crore in the same quarter of 2015-16. 

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