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Saturday will see a host of companies announcing their April-June financial results. These include Balkrishna Industries, CDSL, Central Bank of India, Dena Bank, Gujarat Ambuja Exports, GHCL, IRB InvIT Fund, Kitex Garments, Mangalore Chemicals, NEPC India, NTPC, NEPC Textiles, Omaxe, Pfizer, Seshasayee Paper and Boards, Superhouse, Sharda Cropchem, Valecha Engineering (for Q4 and full year ended March 2017), and Vardhman Special Steels.
The great Indian debt saga has had many victims, more of them lenders than borrowers. So far we have seen very few changes in control of companies – barring Essar Oil’s deal with Rosneft and Jaiprakash Associates sale of cement assets to Ultratech.
Automotive Samplings, Bajaj Auto, Bharat Financial, CUMI, Century Textiles, Colgate Palmolive, DIC India, Dilip Buildcon, Dish TV, Eicher Motors, GIC Housing, Grasim, Hindustan Organic, HCL Infosys, IDFC, Inox Wind, JM Financial, Jubilant Ind, Kansai Nerolac, Marico, Mahindra Holidays, NTPC, NEPC India, Sun Pharma Advanced, Strides Shasun, Subros, Tata Teleservices (Mah), Uniphos, UPL and Vedanta will announce their July-September quarter results on Friday.