Overnight Digest- Stocks to look out for on November 4
DSIJ Intelligence / 03 Nov 2016
The stocks which could witness significant movement on November 4 are ITC, Tiger Logistics/Blue dart/ Sical Logistics, Berger Paints, Monsanto and Dr Lal Path Labs.
The stocks which could witness significant movement on November 4 are ITC, Tiger Logistics/Blue dart/ Sical Logistics, Berger Paints, Monsanto and Dr Lal Path Labs.
ITC :- The stock will be reacting to the GST rate that may be finalised at 40 per cent for tobacco products. The sin goods will be attracting higher taxes.
Tiger Logistics /Blue dart/Sical Logistics :- With the GST rate expected to be finalised in the GST council meet, the logistics companies will be in the limelight.
Berger Paints :- The company came up with its quarterly results and the total income declared was up by 7.8 percent with the EBITDA up by 17.3 per cent. The Company has posted a net profit of Rs. 1613.20 million for the quarter ended September 30, 2016 as compared to Rs. 762.70 million for the quarter ended September 30, 2015.
Monsanto :- Reports net profits of Rs 0.9 crore vs loss of Rs 26 crore with improvement in EBITDA margins. The company has declared Rs 15 per share dividends.
Dr Lal Path Lab: - The company has declared its Q2 results with profits rising 8-fold and margins expanding 30.4 per cent.
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