2 min read.Updated: 18 Oct 2019, 07:57 AM ISTIshita Guha
TVS Motors on Thursday reported a 13% year-on-year fall in its standalone income for the quarter ending September
After the announcement of new Brexit deal, stocks of Bajaj Auto, Eicher Motors, Tata Steel, Tata Motors and Motherson Sumi will be in focus today
Here is a list of top 10 stocks that may be in focus on Friday:
Tata Motors: Shares surged nearly 10% on Thursday as looming uncertainty around no-deal Brexit ended. Tata Motors-owned luxury carmaker brand Jaguar Land Rover (JLR) had decided to suspend all manufacturing operations in the UK for a week starting 4 November anticipating disruption in supply chains. JLR adds almost three quarters to the consolidated revenue of Tata Motors Ltd.
RIL: Investors will watch this space as India’s largest company by market value will post its September quarter earnings today. The Street expects that the company is likely to post strong numbers due to a cut in corporate tax rate last month. The government had in September slashed corporate tax rate to 22% from 30% to revive business activity.
Motherson Sumi: The auto-component maker has operations across Europe and is a supplier of electrical and wiring systems for automotives. It is the flagship company of the $11.5 billion Samvardhana Motherson Group. Shares of the company closed up 9% as a fresh Brexit deal indicated smooth departure of Britain from the EU.
Tata Steel: The company is one of Europe's leading steel producers, with production in the Netherlands and the UK, and manufacturing plants across Europe. Automotive, constructive and packaging are the key UK markets for Tata Steel. Shares of the company on Thursday ended up more than 2%.
Cipla: The pharmaceutical company said it has acquired a novel and patented anti-infective product Elores from Venus Remedies Ltd. Cipla Ltd did not give financial details of the acquisition. The drug was launched in India in 2013 with the Drug Controller General of India’s approval.
Indigo:InterGlobe Aviation Ltd’s Indigo continued its market dominance in the Indiana skies, carrying nearly one in every two passengers and recovering more than the ground it has lost in August. The company’s market share rose to 48.2% from 47% in August. The share was 47.8% in July.
Zee Entertainment: The company posted its September quarter results after market hours on Thursday. It recorded a revenue of ₹2,122 crore, up 7% on year while profit grew 6.9% ₹413.2 crore driven by strong performance of domestic broadcast and digital business. The company has been surrounded by concerns over stress in its financials.
DHFL: The debt-ridden company on Thursday reported its earnings for the September quarter after market hours. It posted a net loss of ₹242.5 crore for the second quarter of the current fiscal. The company said it is undergoing substantial financial stress since second half of FY19.
TVS Motors: India’s third largest two-wheeler manufacturer on Thursday reported a 13% year-on-year fall in its standalone income for the quarter ending September due to subdued domestic sales across its product portfolio. It reported a total income of ₹4,353 crore for July-September as against ₹4,994 crore a year ago.
Indiabulls Housing: The housing finance company on Thursday offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December. In an exchange filing, the company said it will also further evaluate pre-mature redemption of NCDs.
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