Overnight Digest – Stocks to look out for on August 10

The stocks which could witness a significant movement on August 10 are: Dhampur Sugar, Natco Pharma, Mahindra & Mahindra, Indraprastha Gas and Parag Milk.

a) Dhampur Sugar: Company post market hours has declared its Q1FY17 results. Total revenues, EBITDA and PBIT for the quarter stand at Rs 495.4 crores, Rs 1069 crores and Rs 99.6 crores respectively. In Q1FY16, the company faced losses.

b) Natco Pharma: Company post markets has declared its Q1FY17 results. Company has reported a 69.75 per cent jump in consolidated net profit to Rs 47.65 crore for the quarter ended June, 2016.

c) Mahindra & Mahindra: Q1FY17 results are expected tomorrow, and it could be interesting to watch the results. However in July 2016, company has sold 16452 units as against 14273 units in July 2015.

d) Indraprastha Gas:  Company has received letter of intent dated August 09, 2016 from PNGRB (Petroleum Natural Gas Regulatory Board) for grant of authorisation to the company for development of CGD network in the geographical area of Rewari district.

e) Parag Milk: Company will also declare its Q1FY17 results, on August 10, the scrips of the company closed at Rs 336.95, up by 4.03 per cent. The just listed company, in Q4FY16, reported a net profit of Rs 16.09 crores.