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Exhaustive balance sheet clean-up and better capital position makes BOB a relatively safer bet among the PSU banks. Valuation at ...
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Adani Transmission, Bajaj Finance, JK Paper, Canara Bank, State Bank of Mysore, Supreme Petrochem, Jindal Steel & Power, KG Denim, Gujarat Heavy Chemicals, LG Balakrishnan and Brothers.
KG Denim shares soared nearly 20 per cent in the early trade on Tuesday after the company reported 481.25 per cent rise in net profit at Rs 9.30 crore for the quarter ended June 30, 2016 against Rs 1.60 crore in the corresponding quarter a year ago. However, net sales of the company fell by 1.80 per cent year-on-year to Rs 152.74 crore for the quarter under review. It had reported topline of Rs 155.
Denim and apparel fabric manufacturer KG Denim has reported a solid 481 percent growth in profit at Rs 9.3 crore on strong operational performance and low cotton prices & energy cost, though revenue declined 3.3 percent at Rs 154.4 crore on yearly basis.
Maruti | Canara Bank | Axis Bank | L&T | ITC | TBZ | MOIL | GAIL | Sobha | SPARC | PNC Infratech | Nava Bharat Ventures | IndiaNivesh Securities | Texmaco Rail | Eimco Elecon | KG Denim | JK Paper | Rane Engine are stocks, which are in the news today.
Axis Bank | Cairn India | Vedanta | Canara Bank | Hinduja Ventures | IL&FS Engineering | IOC | ONGC | BPCL | Chennai Petroleum | Godawari Power | Cyient | Vivimed Labs | ITI | Gujarat Fluorochemicals | Religare Enterprises and Ponni Sugar are stocks, which are in the news today.
Debt was higher last year on account of investments made in a 12-MW co-generation plants and higher interest rates, says B Sriramulu, Managing Director, KG Denim.
Textile stocks have been soaring on the bourses over the last few days with some touching their 52-week highs on high expectations from the new textile policy. But this could be a bubble as most of the textile companies have not been fairing too well; the weak balance sheets of many are testimony to this fact.