World news – IN – Top stocks in focus: ITC, CIpla, Vedanta, AShok Leyland & BHEL | 9th Noven

Here are the top five stocks to watch in trade: ITC: Cigarettes-to-hotels company ITC posted a decline in profits for the second quarter in a row and even fell short of analysts’ expectations in the second quarter of this fiscal year, as Covid-19 pandemic continued to hurt its cigarettes and hospitality businesses significantlyCipla: Drug maker Cipla reported a 4118 per cent increase in its consolidated net profit for the quarter ended September to Rs 66543 crore It had reported a net profit of Rs 47135 crore in the same quarter a year agoVedanta: Vedanta reported 618 per cent decline in consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one-time tax expenseBHEL: State-owned engineering firm BHEL on Friday reported a consolidated net loss of Rs 55238 crore in the September quarter, mainly due to lower revenues The company had a consolidated net profit of Rs 12095 crore in the quarter ended on September 30, 2019 Total income declined to Rs 3,79313 crore in the latest September quarter from Rs 6,35968 crore in the same period a year agoAshok LeylandHinduja Group flagship Ashok Leyland on Friday reported Rs 147 crore loss for the September quarter as revenues declined 28% due to weak demand for commercial vehicles in the wake of the pandemic and overcapacity in the transport sector Revenue for the fiscal second quarter fell to Rs 2,837 crore from Rs 3,930 crore a year earlier The company had reported a profit of Rs 39 crore in the corresponding quarter last year

CAMEROON MAGAZINE - GM09/11/20202 Mins read59 Views