Hero Motocorp, TVS Motor, ONGC are stocks in focus
Hero Motocorp : Country's largest
two-wheeler maker Hero MotoCorp reported
a 3.64 percent increase in sales at 6,63,153 units in October.The company had
sold 6,39,802 units in October 2015, Hero MotoCorp said in a statement.
The two-wheeler major said its
retail sales during the festive period crossed a million units even before the
Dhanteras day.
"This has overall been a record
festive season for Hero MotoCorp. With this performance, the company's dealer
inventories have come back to normal levels," it said.
The company has crossed six lakh
plus sales in five months during 2016 so far.
TVS Motor: TVS Motor & reported a 3.7 percent
increase insales at 6.63 lakh units versus 6.39 lakh units.& Third
consecutive month of 6 lakh plus retail sales. Total Sales rises 12 percent at
3.08 lakh units versus 2.74 lakh units.& Strong retail growth during
festive season. Motorcycle Sales rises 14.5 percent at 1.21 lakh units versus
1.06 lakh units.& Scooter sales see muted growth. Scooter Sales up 1
percent at 92,417 units versus 91,430 units.
Cairn and ONGC
& in focus Crude oil prices decline 3 percent overnight; At 5-week lows.
Crude oil has fallen over 10 percent in last week.
HT Media & reported a decline of
16.01 percent in its consolidated net profit to Rs 30.93 crore for the quarter
ended on September 30, 2016
The company had posted a net profit
of Rs 36.83 crore in the July-September period of the previous fiscal, HT Media
said in a BSE filing.
HT Media's net sales during the
period under review were up marginally 0.14 percent at Rs 596.15 crore as
against Rs 595.30 crore in the corresponding quarter of previous fiscal.
Sonata Software : IT services
firm Sonata Software & said its
consolidated net profit declined 4 percent to Rs 37.8 crore for the September
quarter, impacted by forex movement and additional investment in intellectual
property (IP) development.
The company's net profit stood at Rs
39.3 crore in the year-ago period, Sonata said in a statement.
Its revenues grew 31 percent to Rs
522.5 crore in July-September, from Rs 398.4 crore in the same quarter last
year.
Further, the company has reported an
exceptional item of Rs 2.09 crore in the first quarter on account of interest
on refunds received from the Income Tax department
Source : Hero
Motocorp, TVS Motor, ONGC are stocks in focus