Commodity Market

A few stocks in focus for on Wednesday

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Commodity Market, BSE,Some companies likely post their financial results today, 31 May 2017, that include Castrol India, Bombay Potteries & Tiles and Raghav Ramming Mass among others.

Indian Hydropower generation company, NHPC Limited reported a standalone net profit at Rs 168.42 Cr, in the quarter ended March 31, 2017, as against Rs. 245.48 Cr, in the corresponding quarter of last year.

The second largest airline company, Jet Airways, has reported 95% decline in consolidated net profit at Rs. 23.00 cr, for the quarter ended March 31, 2017, on account of to higher fuel prices and lower fares. In the same quarter of Last year, the company had reported a net profit of Rs 426.00 Crore.

The leading Steel company, Steel Authority of India Ltd (SAIL India) has reported a net loss of Rs. 771.3 cr, for the Q4FY17, as against Rs 1184.64 Cr, in the corresponding quarter of the last year.

Gitanjali Gems has posted a consolidated net profit of Rs 5.14 crore for the quarter ended March 31, 2017, on higher income, versus a net loss of Rs 23.24 Cr, in the corresponding quarter of the previous year.  Net income went up to Rs 5,544.64 Cr, in the Jan-March quarter of 2016-17 financial year from Rs 4,282.73 Cr, in the year-ago period.

Stock in Focus: L&T Q4 profit rises Rs 3,025 crore

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Stock news, Stock in the news, Todays market updateIndia’s largest engineering firm, Larsen and Toubro Ltd (L&T), on Monday reported a 28 percent jump in March quarter consolidated net profit on higher revenue and lower taxes. The consolidated net profit in the quarter rose to Rs. 3,025 cr, against Rs. 2,335 cr, that was in a year earlier. Total income from operations grew 12 percent to Rs. 36,828 cr.

The company said it won orders worth Rs. 47,289 cr, in the March quarter, up 9.6 percent from a year earlier. International orders, at Rs. 9,044 cr, made up 19 percent of the total order inflow. The consolidated order book figured at Rs. 2.61 trillion as of 31 March, an enhance of 5 percent from a year earlier.

Revenue from the infrastructure business, rose 8.2 percent to Rs. 20,300.96 cr, in the quarter, while revenue in the power business tanked about 2.8 percent to Rs. 1,838.55 cr.

The shares of L&T closed at Rs. 1,788 on BSE on Monday morning, little changed from last closing. Results have been announced after market hours on 29 May, 2017.