Thursday, August 16, 2012

NSE BLOG : Top 10 Stocks To Buy 16 august

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1) Unitech Ltd, after the company reported a 59.29 per cent drop in consolidated net profit to 41.60 crore for the quarter-ended June 30, from 102.21 crore a year ago. Net income was down 33.75% to 407.7 crore from 615.46 crore a year ago. The company reduced its consolidated net debt by 325 crore in the financial year 2012 to 5,399 crore.

2) Monnet Ispat Ltd, after the company reported a 6.35 per cent drop in net profit for the June quarter on higher interest costs. This is despite a 23 per cent rise in sales during the period. The company has reported a net profit of Rs 68.50 crore on revenue of Rs 526.48 crore.

3) Reliance Industries Ltd, after the oil & gas major in an attempt to revive falling output at its KG-D6 block, Reliance Industries proposed to drill the first exploration well in almost five years in the flagging gas fields at its own cost. In a separate report, the oil & gas major is in talks with British oil giant BP to buy its petrochemicals plant in Malaysia as it seeks to replicate its domestic success in building fully integrated operations in all its businesses.

4) Piramal Healthcare Ltd, after the company reported consolidated net profit fell significantly to Rs 4 crore in the quarter ended June 2012 as against Rs 89 crore in a year ago period due to sharp spike in finance cost and exceptional expenses.

5) Reliance Power Ltd, after the company declared a 24 per cent rise in quarterly net profit, helped by growth in generation capacity while its sales doubled to Rs 1,136 crore in the June quarter.

6) Reliance Infrastructure Ltd, after the company reported a flat 1.7 per cent growth in first quarter net profit at Rs 412 crore, compared with Rs 405 crore in the corresponding quarter last year. The company's total income grew four per cent to Rs 5,383 crore from Rs 5,176 crore a year ago.

7) IDFC Ltd, after the company said its net profit after tax rose by 21 per cent to Rs 379.78 crore in the first quarter ended June 30. Its net profit over the same period (April-June) a year ago stood at Rs 313.69 crore.

8) MTNL, after the state-run company said its net loss widened 24 per cent to Rs 1,059.28 crore for the quarter ended June 30, 2012 compared to Rs 850.04 crore in the corresponding period last fiscal.

9) Gammon India Ltd, after the company posted a net loss of Rs 19.6 crore in the quarter ended June 2012 as against profit of Rs 28.9 crore in a year ago period. Net sales declined 9.2% to Rs 1,262 crore from Rs 1,390 crore during the same period.

10) GAIL India Ltd, after the state-owned company is interested in buying stake in Russia's planned 10 million tonne LNG plant at Vladivostok on the Pacific coast and import natural gas from the $7-billion project to meet nation's growing energy needs.


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