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STOCKS TO WATCH- Monday FEB 6 - ACC, Central bank, Dr Reddy, JK Cement, Jindal Steel

ACC Ltd: 

ACC Ltd., the largest cement maker, will be in focus after it posted a 45% decline in consolidated net profit for the fourth quarter ended Dec 31, 2016 at Rs 560 million on the back of a decrease in revenues. The company, which follows Jan-Dec as fiscal year, had reported a net profit of Rs 1.02 billion in the corresponding quarter last fiscal.

Central Bank of India: 

Central Bank of India, the state-owned lender, will be in focus after it reported a net loss of Rs 6.06 billion for the third quarter ended Dec 31, 2016, on persisting bad loans. The bank trimmed its losses for the quarter against Rs 8.37 billion loss it posted in the corresponding Oct- Dec quarter of the previous fiscal.

Dr Reddy's Laboratories Ltd: 

Dr Reddy's Laboratories Ltd., the largest drugmaker by sales, will be in focus after it reported a consolidated net profit of Rs 4.70 billion for the quarter ended Dec 31, 2016, registering a 19% decline from Rs 5.79 billion in the same period a year ago.

Finolex Industries Ltd: 

Finolex Industries Ltd., the largest rigid PVC pipes and fittings maker, will be in focus after it reported a 69.54% jump in standalone net profit at Rs 719.4 million for the third quarter ended Dec 31, 2016. The company had posted a net profit of Rs 424.3 million in the same quarter last fiscal.

Godrej Properties Ltd:

Godrej Properties Ltd., the real estate developer, will be in focus as it expects to monetise commercial properties worth about Rs 15.00 billion at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 32.78 billion.

Indian Hotels Company Ltd: 

Indian Hotels Company Ltd., the hotel chain operator, will be in focus after it registered a 59% increase in its standalone net profit at Rs 920 million for the quarter ended Dec 31, as compared to Rs 580 million in the same period last year.

Jammu and Kashmir Bank: 

Jammu and Kashmir Bank, the state-owned bank, will be in focus after it reported a net loss at Rs 4.98 billion for the third quarter ended Dec 2016, mainly due to sharp jump in provisions for bad loans. It had reported a net profit of Rs 1.18 billion in Oct-Dec quarter of 2015-16. 

JK Cement Ltd:

JK Cement Ltd., the cement maker, will be in focus after it reported over three-fold jump in its standalone net profit to Rs 664.3 million for the third quarter ended Dec 31, 2016. It had reported a net profit Rs 176.7 million in Oct- Dec period a year-ago.

Jindal Steel Ltd (JSPL): 

Jindal Steel Ltd., the steel maker, will be in focus after it has said that it is exploring various options, including divestment, to reduce its debt of around Rs 460 billion.

Jet Airways Ltd: 

Jet Airways Ltd., the aviation service provider, will be in focus after it reported a nearly 70% plunge in net profit at Rs 1.42 billion in the three months ended Dec 2016 as higher fuel expenses and other costs adversely impacted the full service carrier. The airline had a net profit of Rs 4.67 billion in the year-ago period. 

Oriental Bank of Commerce: 

Oriental Bank of Commerce, the state-owned lender, will be in focus after it reported net loss for the Dec quarter narrowed to Rs 1.30 billion from Rs 4.25 billion in the year-ago period. Total income has increased to Rs 54.16 billion during the quarter ended Dec 31, 2016 from Rs 53.50 billion in the same quarter a year ago. 

United Breweries (Holdings) Ltd:

United Breweries (Holdings) Ltd., the alcoholic beverages maker, will be in focus after with CBI seizing its documents and records in the ongoing investigation against Chairman Vijay Mallya, United Breweries (Holdings) has stated that it is unable to file financial results within stipulated time and has sought time up to March 15 to file its quarterly report.

Earnings Today:

Abbott India, Marksans Pharma and VST Tillers will announce their financial results for the quarter ended December 31, 2016 on Monday.

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