Top stocks in focus today: Some companies post their earnings

Markets watches out for some major companies to declare their third quarter earnings during the day. Many companies are supposed to report their Q3 results during the day.

Hero MotoCorp reported a decline of 3% in standalone net profit to Rs 772 crore in the October-December quarter, mainly owing to demonetization.

Cipla Ltd approved fund raising of up to Rs 2,000 crore via NCDS (non-convertible debentures).

Tata Motors group global wholesales rose 3% year on year at 95,931 units in January 2017.

The Pharma majour Dr Reddy’s Labs expanded its commercial operations in Europe.

Reliance Power has posted a 14% year on year rise in its consolidated net profit at Rs 275.7 crore for the third quarter ended December 31, 2016.

Venus Remedies has allotted 9 lakh warrants fully-convertible into equity shares to promoters on a preferential basis.

Union Bank of India posted a 32% rise in net profit at Rs 104 crore for Q3 ended December 31, 2016 on robust earnings from interest, against its last year’s profit of Rs. 78.5 crore.