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Monday, July 20, 2015

STOCKS TO WATCH

ACC is likely to be under pressure after reporting a 45% drop in its consolidated net profit at Rs 133.5 crore for the second quarter ended June 30, on account of challenging market conditions and subdued demand.

Omkar Speciality Chemicals is likely to see action after reporting a 64.41% jump in net profit at Rs 8.17 crore in the first quarter ended June 30 compared with Rs 4.97 crore in the same period of last fiscal.

Federal Bank may be subdued after reporting a 35.8% decline in net profit at Rs.141.39 crore for the first quarter ended June 30, 2015, against Rs.220.23 crore in the corresponding period of the previous year.

Karnataka Bank reported a 10% decline in net profit at Rs 109.34 crore for the April-June quarter of the current fiscal.

Torrent Pharmaceuticals may be on the investor's radar after reportedly completing the acquisition of Encore Group company Zyg Pharma Pvt Ltd.

According to reports, ONGC Videsh Ltd, the overseas arm of state-owned explorer ONGC, has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.

HDFC plans to raise Rs 90,000 crore from various instruments including non-convertible debentures and warrants to fund business expansion plans, media reports suggest.

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