CNBC-TV18's top stocks to watch out for on September 11

SUMMARY

The Indian market is likely to open lower on Friday tracking weakness in Asian peers. At 7:10 am, the SGX Nifty was trading 37.50 points or 0.33 percent lower at 11,423.00, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18Sept 11, 2020 7:28:03 AM IST (Published)

Bank of Baroda | The bank will cut MLCR by 5-30 bps across tenures from September 12.

Hindustan Aeronautics | The company’s net profit in Q1FY21 fell to Rs 148.65 crore from Rs 564.69 crore and revenue declined to Rs 1,736.7 crore from Rs 3,289.5 crore, YoY.

Hindustan Copper | The company’s consolidated net profit in Q1FY21 rose 40 percent to Rs 29.8 crore from Rs 21.2 crore while revenue increased 41.9 percent to Rs 431.4 crore from Rs 304.1 crore, YoY. EBITDA fell 7.4 percent to Rs 86.4 crore from Rs 93.3 crore and EBITDA margin contracted to 20 percent from 30.7 percent, YoY.

Union Bank of India | The bank will cut lending rates by 5 bps across tenures from September 11.

National Fertilizers | The company reported total fertilizer sale of 23.81 lakh MT and production of 16.11 lakh MT urea in April-August, 2020.

Info Edge (India) | Zomato has closed primary fundraise of $100 million from Tiger Global Management and $60 million from Temasek Holdings. Info Edge’s stake in Zomato is at 22.2 percent.

Gujarat Gas | CARE Ratings has upgraded the long term facilities worth Rs 2,000 crore from CARE AA to CARE AA+ and changed the outlook to Stable from Positive.

Rashtriya Chemicals & Fertilizers |The company has started the methanol plant at Trombay unit.

SRG Housing Finance | The company reported a profit at Rs 3.53 crore in Q1FY21 against Rs 4.15 crore while revenue declined to Rs 15.8 crore from Rs 16.3 crore, YoY.

Jay Bharat Maruti | The company reported a loss of Rs 21.04 crore in Q1FY21 as against a profit of Rs 7.8 crore, YoY. Revenue declined to Rs 70.2 crore from Rs 442.9 crore, YoY.

Mirc Electronics | The company reported a loss at Rs 10.74 crore in Q1FY21 against profit at Rs 0.88 crore, revenue dropped to Rs 94.54 crore versus Rs 177.57 crore, YoY.

Vaibhav Global | The company has successfully commissioned a 1MW solar PV power generation project.

Earnings | IRCTC, BHEL, Adani Green Energy, Arvind SmartSpaces, BF Utilities, Eros International Media, Future Supply Chain Solutions, ITDC, Jindal Stainless (Hisar), Lloyds Steels Industries, Parsvnath Developers, Premier Explosives, Rail Vikas Nigam, Sintex Plastics Technology, among others.