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CNBC-TV18's top stocks to watch out for on February 12

Updated : 2020-02-12 08:01:51

Indian benchmark indices BSE Sensex and NSE’s Nifty50 are set for a positive start on Wednesday in line with gains in global markets. Asian shares edged higher over hopes that the worst of the coronavirus in China may have passed. In stocks to watch out for today, Allahabad Bank, IDBI Bank and Ircon International, among others, reported their Q3 results. Titan acquired Hyderabad-based wearable and IoT platform startup HUG Innovations. Here are the top stocks in focus today:

IDBI Bank posted a net loss of Rs 5,763 crore net loss in Q3FY20 due to a one-time tax hit of Rs 6,273 crore. The lender had reported a net loss of Rs 4,185 crore in the year-ago period. Net interest margin improved by 39 basis points to 2.27 percent. Net interest income improved by 13 percent to Rs 1,532 crore. Gross NPA ratio improved to 28.72 percent as against 29.67 percent, while net NPA ratio improved to 5.25 percent from 14.01 percent.
IDBI Bank posted a net loss of Rs 5,763 crore net loss in Q3FY20 due to a one-time tax hit of Rs 6,273 crore. The lender had reported a net loss of Rs 4,185 crore in the year-ago period. Net interest margin improved by 39 basis points to 2.27 percent. Net interest income improved by 13 percent to Rs 1,532 crore. Gross NPA ratio improved to 28.72 percent as against 29.67 percent, while net NPA ratio improved to 5.25 percent from 14.01 percent.
SUN Pharma has received a complete response letter (CRL) from the USFDA for the new drug application for Taclantis.
SUN Pharma has received a complete response letter (CRL) from the USFDA for the new drug application for Taclantis.
Syndicate Bank said its net profit in December 2019 quarter grew manifold to Rs 434.82 crore from Rs 107.99 crore in the year-ago period as bad loans shrank. Total income during the quarter increased to Rs 6,316.57 crore from Rs 6,077.62 crore last year. Gross NPAs came down to 11.33 percent of gross advances as on December 31, from 12.54 percent a year ago. Net NPAs were 5.94 percent (Rs 12,514.32 crore), down from 6.75 percent (Rs 13,211.17 crore).
Syndicate Bank said its net profit in December 2019 quarter grew manifold to Rs 434.82 crore from Rs 107.99 crore in the year-ago period as bad loans shrank. Total income during the quarter increased to Rs 6,316.57 crore from Rs 6,077.62 crore last year. Gross NPAs came down to 11.33 percent of gross advances as on December 31, from 12.54 percent a year ago. Net NPAs were 5.94 percent (Rs 12,514.32 crore), down from 6.75 percent (Rs 13,211.17 crore).
Hindalco: Novelis reported net income attributable to common shareholder of $107 million in Q3FY20, up 37 percent YoY. Excluding special items, net income came in at $132 million, up 31 percent YoY. Adjusted EBITDA rose 7 percent to $343 million.
Hindalco: Novelis reported net income attributable to common shareholder of $107 million in Q3FY20, up 37 percent YoY. Excluding special items, net income came in at $132 million, up 31 percent YoY. Adjusted EBITDA rose 7 percent to $343 million.
Ircon International’s Q3 net profit increased 52.5 percent to Rs 142.43 crore. However, the consolidated income declined to Rs 1,247.10 crore compared to Rs 1,264.35 crore in the year-ago period. The board has recommended a proposal of splitting of the company's one equity share into five shares and declared an interim dividend of Rs 13.45 per share.
Ircon International’s Q3 net profit increased 52.5 percent to Rs 142.43 crore. However, the consolidated income declined to Rs 1,247.10 crore compared to Rs 1,264.35 crore in the year-ago period. The board has recommended a proposal of splitting of the company's one equity share into five shares and declared an interim dividend of Rs 13.45 per share.
Adani Enterprises said its arm AAHL has incorporated three wholly-owned subsidiaries—'Vijaynagara Smart Solutions Limited' (VSSL), 'Gomti Metropolis Solutions Limited' (GMSL), 'Periyar Infrastructure Services Limited' (PISL). The company said the three entities incorporated by Adani Airport Holdings Limited, a WOS (wholly-owned subsidiary) of the company for operating and maintaining the airports and carrying out the commercial activities in and outside the airports, are yet to commence business operations.
Adani Enterprises said its arm AAHL has incorporated three wholly-owned subsidiaries—'Vijaynagara Smart Solutions Limited' (VSSL), 'Gomti Metropolis Solutions Limited' (GMSL), 'Periyar Infrastructure Services Limited' (PISL). The company said the three entities incorporated by Adani Airport Holdings Limited, a WOS (wholly-owned subsidiary) of the company for operating and maintaining the airports and carrying out the commercial activities in and outside the airports, are yet to commence business operations.
D B Realty Ltd reported a consolidated net loss of Rs 130.82 crore for Q3FY20, compared to a net loss of Rs 64.30 crore in the year-ago period. Total income also fell to Rs 31.47 crore in the quarter from Rs 79.77 crore last year. The company also announced appointment of Atul Bhatnagar as Joint Chief Financial Officer with effect from February 11.
D B Realty Ltd reported a consolidated net loss of Rs 130.82 crore for Q3FY20, compared to a net loss of Rs 64.30 crore in the year-ago period. Total income also fell to Rs 31.47 crore in the quarter from Rs 79.77 crore last year. The company also announced appointment of Atul Bhatnagar as Joint Chief Financial Officer with effect from February 11.
Jindal Stainless’ Q3 net profit rose 15.85 percent to Rs 51.81 crore, mainly on account of reduced material and finance cost. The country's largest stainless steel maker reported total income of Rs 3,311 crore as compared with Rs 3,315 crore in the year-ago quarter.
Jindal Stainless’ Q3 net profit rose 15.85 percent to Rs 51.81 crore, mainly on account of reduced material and finance cost. The country's largest stainless steel maker reported total income of Rs 3,311 crore as compared with Rs 3,315 crore in the year-ago quarter.
SBI Cards, the credit card arm of State Bank of India, on Tuesday, has received markets regulator Sebi’s in-principal approval to raise up to Rs 6,000 crore through an initial public offering (IPO). The launch is likely in February-end and the IPO would value the company at approximately Rs 55,000-60,000 crore.
SBI Cards, the credit card arm of State Bank of India, on Tuesday, has received markets regulator Sebi’s in-principal approval to raise up to Rs 6,000 crore through an initial public offering (IPO). The launch is likely in February-end and the IPO would value the company at approximately Rs 55,000-60,000 crore.
Allahabad Bank reported an over two-fold jump in standalone net loss for Q3FY20 at Rs 1,986.26 crore on higher bad loans and provisioning. Total income (standalone) during the quarter grew to Rs 4,860.35 crore from Rs 4,756.88 crore a year ago. The bank's gross NPAs rose to 18.93 percent of the gross advances by the end of the December quarter as against 17.81 percent earlier. However, it was down sequentially from 19.05 percent at the end of September 2019.
Allahabad Bank reported an over two-fold jump in standalone net loss for Q3FY20 at Rs 1,986.26 crore on higher bad loans and provisioning. Total income (standalone) during the quarter grew to Rs 4,860.35 crore from Rs 4,756.88 crore a year ago. The bank's gross NPAs rose to 18.93 percent of the gross advances by the end of the December quarter as against 17.81 percent earlier. However, it was down sequentially from 19.05 percent at the end of September 2019.
Chemicals maker BASF India’s net loss narrowed to Rs 32.38 crore during Q3FY20, mainly driven by higher income, from Rs 38.37 crore a year ago. Its net income increased to Rs 2,018.22 crore during the quarter, compared to Rs 1,409.8 crore in the year-ago period. BASF India board approved a proposal to transfer its construction chemicals business to Master Buildcra Solutions India, a fellow subsidiary firm, at a consideration of Rs 595.16 crore. The transaction is expected to close by the second quarter of 2020-21 fiscal.
Chemicals maker BASF India’s net loss narrowed to Rs 32.38 crore during Q3FY20, mainly driven by higher income, from Rs 38.37 crore a year ago. Its net income increased to Rs 2,018.22 crore during the quarter, compared to Rs 1,409.8 crore in the year-ago period. BASF India board approved a proposal to transfer its construction chemicals business to Master Buildcra Solutions India, a fellow subsidiary firm, at a consideration of Rs 595.16 crore. The transaction is expected to close by the second quarter of 2020-21 fiscal.
Titan acquired Hyderabad-based wearable and IoT platform startup HUG Innovations, which has been transformed into Titan's Hyderabad Development Centre, the company announced on Tuesday.
Titan acquired Hyderabad-based wearable and IoT platform startup HUG Innovations, which has been transformed into Titan's Hyderabad Development Centre, the company announced on Tuesday. "HUG Innovations has finally sailed to a safe harbor. Titan acquired HUG Innovations. And yes this is a cash positive exit with 100 percent employee retention with bonus and a great career ahead," said the startup's founder Raj Neravati in a Facebook post after the announcement by Titan. However, he declined to divulge the value of the acquisition.
Results: Hindalco, Ashok Leyland, Divi’s Lab, PFC, Torrent Power ABB, Bharat Dynamics, Centrum Capital, City Union Bank, Dish TV.
Results: Hindalco, Ashok Leyland, Divi’s Lab, PFC, Torrent Power ABB, Bharat Dynamics, Centrum Capital, City Union Bank, Dish TV.
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