Stocks In Action: November 8, 2012

Balrampur Chini Mills announced its Q2FY13 results yesterday post market hours according to which there was a 76.67 per cent rise in sales to Rs.888.22 crore, on a YoY basis. At the same time, the company reported a standalone net profit of Rs.48.88 crore in Q2FY13 as compared to the net loss of Rs.39.44 crore Q2FY12. The company saw a healthy increase in revenues from its sugar business and a marginal growth from co-generation units. The stock price of Balrampur Chini is expected to see an upward movement in today’s trading.

Emami in their Q2FY13 result announcement reported a 16.9 per cent rise in net profit to Rs.59.2 crore and a 17.9 per cent rise in net sales to Rs.360.7 crore. This growth was maintained though there have been pressures on margin maintenance due to inflationary pressures. But the company managed to show improvement in margins through effective cost control measures. This would result in an upward move in the stock price of Emami today.

Shares of Maruti Suzuki are expected to remain under pressure today as workers are planning to hold a rally today to demand the re-instatement of all colleagues who have not been named by the Special Investigation Team (SIT) constituted by the Haryana Police. Moreover, Around 100-odd workers, who had been terminated from service post the incidence of violence at Maruti Suzuki’s Manesar unit on July 18, protested outside the District Court in Gurgaon yesterday, according to Business Standard.

Tata Motors announced their Q2FY13 results reporting a YoY rise in consolidated net revenue of 20 per cent to Rs.43403 crore and a rise in net profit of 11 per cent to Rs.2075 crore. JLR continued its robust performance with a YoY growth of 13 per cent in revenues and 77.33 per cent in net profit. Stock price of Tata Motors are expected to see a rise today.

Among major companies to announce their Q2FY13 results today are Alembic, Ashok Leyland, Godrej Industries, Goodyear, Natco Pharma, ONGC, Pfizer, Ranbaxy Lab, Reliance Communication, SAIL, Shipping Corporation of India, SML Isuzu and Sun Pharma among others. These stocks are likely to see volatility with a directional trend dependent on the results they announce.