Friday 20 May 2016

Buzzing stocks: GHCL rallies, Lupin drops, ITC up

ITC trading higher 0.51% at Rs.327 on BSE. The company will be setting up eight new integrated food processing units by 2019, with investments of over Rs.4,000 crore, reports a business daily. The company will announce its Q4 results today.

Lupin Ltd was lower by 7% at Rs.1544. Lupin posted a net profit after taxes and minority interest of Rs.8070.80 mn for the quarter ended March 31, 2016 whereas the same was at Rs.5470.10 mn for the quarter ended March 31, 2015.

GHCL rallied 8.6% to Rs.157.25 after the company reported its Q4 net profit stood at Rs.79 crore.The total income for the quarter was at Rs.650.4 crore. The stock hit 52-week high at Rs.159.30.

Pidilite Industries climbed 3.6% to Rs.638.55. The company reported 48.97% increase in standalone net profit to Rs.115.04 crore for the March quarter. Total income increased from Rs.10525.10 million for the quarter ended March 31, 2015 to Rs.12594.70 million for the quarter ended March 31, 2016.

Maruti Suzuki slipped 0.6% to Rs.3,904.55. The company said that it will inspect suspected fault in 20,427 S-Cross vehicle, as per reports. The automobile firm will suspect fault and replace brake part in 20,427 units of S-Cross.

Dishman Pharmaceuticals dropped 3% to Rs.160. The company reported a 29.29% increase in consolidated net profit at Rs 49.92 crore for the March quarter.

SpiceJet cracked 6.7% at Rs.74.25. The company posted a quarterly profit of Rs.73.2 crore in the fourth quarter of 2015-16 on higher operational income. During the March quarter of 2015-16, the airline’s operational income rose to Rs.1,474 crore from Rs.790 crore in the same period a year ago.

Gujarat Pipavav Port slipped 3% to Rs.154. The company posted a net profit of Rs.498.316 mn for the quarter ended March 31, 2016 compared with Rs.668.855 mn for the quarter ended March 31, 2015. Total income decreased from Rs.1931.166 million for the quarter ended March 31, 2015 to Rs.1674.620 mn for the quarter ended March 31, 2016.

Sobha slipped 4% to Rs.294. The company has announced that the Board of Directors has approved a proposal to buy back upto 2,275,000 equity shares for an aggregate amount not exceeding Rs.750,750,000.
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