Sun Pharma may slide after weak Q2 outcome

Sun Pharmaceutical Industries' consolidated net profit fell 59.5% to Rs 1001.79 crore on 15% decline in net sales to Rs 6590.06 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 14 November 2017.

GAIL (India)'s net profit rose 41.6% to Rs 1309.63 crore on 4.5% growth in net sales to Rs 12409.65 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 14 November 2017.

Bank of Baroda's net profit fell 35.64% to Rs 355.36 crore on 3.68% rise in total income to Rs 12490.39 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 14 November 2017.

Indiabulls Real Estate's consolidated net profit fell 30.28% to Rs 93.90 crore on 1.54% rise in net sales to Rs 721.58 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 14 November 2017.

NBCC (India)'s consolidated net profit rose 31.33% to Rs 81.24 crore on 12.07% fall in net sales to Rs 1319.25 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 14 November 2017.

Laurus Labs has received the Establishment Inspection Report (EIR) from US Food and Drug Administration (US FDA) for its Unit 1& 3, located at Parawada, Visakhapatnam, for the inspection conducted in August 2017. The announcement was made after market hours yesterday, 14 November 2017.

Larsen & Toubro Infotech (LTI) announced it has signed definitive agreements to acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider, alongwith its identified subsidiaries in France, UK, Luxembourg and India. Europe is a growth market for LTI and addition of these niche capabilities bring strongersynergies with Company's deep expertise in Banking and Financial services segment. The announcement was made after market hours yesterday, 14 November 2017.

Housing Development and Infrastructure (HDIL) said it will divert its 60% stake of its unit Ravijyot Finance and Leasing. Consequently, Ravijyot Finance and Leasing will be no more subsidiary of HDIL. The announcement was made after market hours yesterday, 14 November 2017.

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