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Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- ONGC, D-Link, PNB Gilts, Srikalahasthi Pipes, JK Cement, Mangalam Cement, Titan, Borosil, Apollo Tyres, Idea Cellular and Dr Reddys.
Srikalahasthi Pipes’ net profit declined 9.6 per cent to ₹Rs 140 crore in the financial year ended March 31, compared with ₹155 crore in the previous year.
Prominent firms such as Aarti Ind, AB Fashion, ADF Foods, Century Textiles, D-Link, Dr Reddy’s Labs, Dr Lal Path, GIPCL, Hinduja Ventures, Inox Wind, Jindal Stainless, NDTV, Oriental Bank, Huhtamaki PPL, Piramal Enterprises, PNB Gilts, PNB Housing, Relaxo Footwear, RSWM, Spice Mobility, Srikalahasthi Pipes, Titan Company, Tata Teleservices (M), TVS Electronics, UCO Bank, Varun Beverages and Venky’s (India) will announce their quarter and full-year results.
The board of Srikalahasthi Pipes will meet on Saturday to consider raising of funds via issue of securities through public or private placement, including but not limited to qualified institutions placement ( QIP ) or through any other permissiable mode. Investors would be interested to know the quantum of funds that the company plans to raise and the price of the issue. Shares of Srikalahasthi Pipes, formerly known as Lanco Industries, will remain in focus on Tuesday.
Srikalahasthi Pipes has reported a marginal decline in net profit to Rs 40.10 crore in the quarter ended December, 2016, against Rs 41.01 crore in the same quarter previous year. The company's total income from operations stood at Rs 291.55 crore in the review period, up from Rs 280.01 crore during the corresponding period last year.
Srikalahasthi Pipes Ltd posted a profit of Rs 40.10 crore for the third quarter ended December 31, 2016, as against Rs 41.01 crore for the corresponding quarter last year.
About 40 companies will announce their October-December quarter results on Saturday. These include Atul Auto, Carborundum Universal, Central Bank of India, Divi’s Labs, Dr Reddy’s Labs, DS Kulkarni, Dwarikesh Sugar, Finolex Industries, J&K Bank, Jayant Agro, JK Cement, Mazda, Oriental Bank, Orient Cement, Palred Tech, Peninsula Land, Seshasayee Paper, Savita Oil, Srikalahasthi Pipes, Vakrangee and Vinati Organics.
Continuing its uptrend, the stock can encounter resistance at ₹1,700 and then at ₹1,840 in the medium term