Citi On UltraTech, Cipla; Jefferies On Shriram Finance, IndusInd And More

Sriram Finance reported a 19% rise year-on-year in net profit in the June quarter. IndusInd Bank profit rose 2% year-on-year to Rs 2,171 crore in the quarter ended June but missed analysts’ estimates.

The brokerages also shared their view on UltraTech following its acquisition of India Cements Ltd on Sunday. The cement manufacturer’s latest stake acquisition of 32.72% from the promoters of India Cements values the deal at a steep premium of $120.76 per tonne. 

NDTV Profit tracks what the brokerages are putting out on stocks and sectors. Here are all the top calls from analysts that you need to know about on Monday.