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A host of companies from the banking and finance space, including HDFC, L&T Finance Holdings, YES Bank, Federal Bank, Bharat Financial Inclusion, Aditya Birla Money and Muthoot Capital Services will announce their Q1 results on Wednesday. Among the other firms set to declare results are Adlabs Entertainment, Agro Tech Foods, Grindwell Norton, Everest Industries, IFB Agro, HCL Infosystems, INOX Leisure, MphasiS, PVR, Shanthi Gears, Thangamayil and Uttam Galva Steels.
A host of companies will turn ex-dividend on Monday, pushing investors to buy those companies’ shares by Friday to receive the payout. Among these are Dr Reddy’s Labs (₹20/share), Grindwell Norton (₹4), Kalyani Forge (₹3), Shankara Building Products (₹2.75), Agro Tech Foods (₹2), Smartlink Network Systems (₹2), PVR (₹2), GE T&D India (₹1.80), Astek Lifesciences (₹1.50), Everest Industries (₹1), and Oricon Enterprises (₹0.
Shares of Everest Industries surged over 6% on BSE after the board of directors of the company in its AGM has declared a dividend of Rs 1 per equity share.
OPM of the company stood at 8.8% up by 80 bps YoY due to better realization in building product segment. Profit at PBIT level for Building product segment stood at Rs 23.16 crore, up by 6% YoY with PBIT margin at 11.9% as compared to 10.1% for Mar16 quarter. PBIT of Steel building segment stood at Rs 3.68 crore down by 3% YoY with PBIT margin at 2.8%. Thus, the overall OP level for Mar17 quarter stood at Rs 28.
Everest Industries share price rose more than 8 percent intraday Thursday on robust numbers declared by the company for the quarter ended March 2017 (Q4).
Ashish Chugh, Investment Analyst and author of investment bestseller Hidden Gems, tells CNBC-TV18 what to look for when hunting for multibaggers and when to exit a stock.