Stocks In The News: Cipla, Hero Moto, GMR, Ratanmani Metals, McNally Bharat - Dollar Advisory Financial Services

Breaking

Wednesday 5 April 2017

Stocks In The News: Cipla, Hero Moto, GMR, Ratanmani Metals, McNally Bharat

Cipla
-Receives final approval for generic Epzicom tablets

-Product will cater to the US Market & will be commercially available shortly

Titan
-Company struggled for growth in H1 FY16-17 due to uncertain consumer sentiment

-Struggled for growth in H1 FY16-17 due to Pan Card limit, jewellery industry strike

-Gross margin of jewellery division is likely to be good this quarter

-Optimistic of topline growth in the high teens in the coming year

-Witnessed significant traction in H2 2016-17 despite demonetisation

-High GST rate for jewellery might have some effect on company's growth

March auto sales: Ashok Leyland
-Total sales up 12 percent at 18,682 units versus 16,702 units

-Medium & heavy commercial vehicle sales up 15 percent at 15,258 units versus 13,240 units

-Light commercial vehicle sales down 1 percent at 3,424 units versus 3,462 units
Hero MotoCorp

-Total sales at 6.09 lakh units versus 6.06 lakh units

-Achieves highest financial year sales, FY17 sales at 66.63 lakh versus 66.32 lakh units

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