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Aarti Drugs, Automotive Axles, IOL Chemicals and Pharmaceuticals, Khaitan India, Jaihind Projects, JMT Auto, Modi Rubber, Monte Carlo Fashions, Premier Explosives, RPP Infra Projects and V-Mart Retail will announce their April-June quarter results on Friday. Shares of these companies will react sharply to the financial performance announcement. Focus will be more on the results Aarti Drugs, RPP Infrastructure, JMT Auto and V-Mart Retail, as these are widely tracked.
The stock in focus is Monte Carlo Fashions. Sunidhi Securities has come out with a note identifying the company as good proxy play on India's urban consumption theme.
In an interview to CNBC-TV18, Sandeep Jain, ED of Monte Carlo Fashions spoke about the latest happenings in his company and sector.
After a strong start this festive season, textile and apparel manufacturers and retailers suffered a sharp contraction in demand due to the liquidity crisis following demonetisation of high value currency notes in November 2016.
Monte Carlo Fashions Ltd's Q3FY17 standalone net profit declines 23.7% yoy to Rs.34 crore : Misses Estimates
The company was expecting better sales of around 20-25 percent in November on back of 7th pay commission, good monsoons and in turn good winter but they were flat, said Sandeep Jain, Executive Director, Monte Carlo Fashions.
SBI | Mahindra & Mahindra | Sun Pharma | Tata Motors | Mahindra Lifespaces | PVR | ONGC | Jain Irrigation | Gujarat Alkalies | Ashapura Minechem | Gujarat Narmada | Wockhardt | TeamLease | Andrew Yule | Finolex Cables | Shreyas Shipping and Thermax are stocks, which are in the news today.