Top stocks: Ambuja Cements, HDFC AMC, Asian Paints, Alembic Pharma | 23rd Oct


Earnings Today: Nestle India, YES Bank TechM, JSW Steel, ICICI Lombard, IDBI Bank, Persistent Systems and Aarti Drugs are among companies that will announce their September quarter results on Friday.

Ambuja Cements: The cement maker reported 50.51 per cent rise in consolidated net profit at Rs 803.50 crore for September quarter 2020, helped by volume growth and improvement in operational efficiencies.

HDFC Asset Management Company (AMC): The AMC reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.

Asian Paints: The company said its net profits were flat year-on-year (YoY) at Rs 830.37 crore. Consolidated revenue from operations increased 5.93 per cent YoY to Rs 5,350.23 crore.

Alembic Pharma

The company’s net Sales came in at `1457 cr up 17% YoY as profit grew 35% to `333.4 cr vs `246 cr; up 35% YoY. The International formulations grew 21 % to `779 cr and India formulations business grew 6% to `415 cr