Showing posts with label Nifty futures. Show all posts
Showing posts with label Nifty futures. Show all posts

Wednesday, October 7, 2020

Stocks to watch: TCS, SBI, RIL, Bajaj Finance, Dixon Tech, PSP Projects

 At 08:39 AM, Nifty futures on the Singapore Exchange (SGX) were trading 17.9 points, or 0.15 per cent higher at 11,690.20, indicating a flat start for the Indian market on Wednesday.


Here's a list of stocks that may trade actively in today's session.

TCS: The IT major is slated to announce its September quarter results later in the day. The company will also consider share buyback today.

Earnings today: Besides TCS, Majesco, MIC Electronics, Unity Infraprojects and Zee Learn are also scheduled to announce their quarterly earnings today.

SBI: The government on Tuesday appointed Dinesh Kumar Khara as chairman of State Bank of India (SBI), the country's largest lender, for three years, effective Wednesday.

RIL: Reliance Industries (RIL) on Tuesday said that the Abu Dhabi Investment Authority (ADIA) would invest Rs 5,512.50 crore into subsidiary Reliance Retail Ventures (RRVL) for a 1.2-per cent stake.

Bajaj Finance: Bajaj Finance will continue to provisioning for the coronavirus pandemic in Q2 FY21 to strengthen its balance sheet, the company said on Tuesday. The lender, in Q1FY21, took an additional contingency provision of Rs 1,450 crore for the pandemic, taking the total amount to Rs 2,350 crore as of June 30.

Dixon Technologies: As per reports, the company's arm Padget Electronics has been chosen as the domestic mobile phone manufacturing partner in the Production Linked Scheme.

Raymond: The company said that CARE Ratings has revised its long-term bank facilities to CARE AA from CARE AA-.

PSP Projects: The company informed that the tender for EPC Design and Build Construction of proposed GIDC Tech-Hub at GIFT City, Gujarat has been cancelled by the tender inviting authority.

Linde India: The company informed that Subhabrata Ghosh, Chief Financial Officer of the Company has tendered his resignation.

Matrimony.com: The company issued a clarification on Tuesday saying the management expects a double digit growth in billing (sales) and not in revenues in matchmaking business.

Tuesday, January 28, 2020

Stocks to watch: HDFC, IndiGo, Maruti, DHFL, Mastek, Manappuram Finance

At 08:32 AM, Nifty futures on the Singapore Exchange (SGX) were trading 30.50 points or 0.25 per cent lower at 12,085.50, indicating a negative start for the Indian market on Tuesday.

Here's a look at the top stocks that may trade actively in today's trading session -

HDFC: The company on Monday reported 296 per cent year-on-year (YoY) rise in the standalone net profit at Rs 8,372.49 crore during the December quarter of FY20 (Q3FY20), compared to Rs 2,113.8 crore reported in Q3FY19.

IndiGo on Monday reported a 156.5 per cent jump in net profit for the October-December quarter, helped by lower fuel prices.

Aptech: Shares of the company may remain in focus today as according to reports Rakesh Jhunjhunwala is under Securities and Exchange Board of India (Sebi) scanner for insider trading in the education firm.

Maruti Suzuki India: The auto major is expected to report healthy numbers when it announces its December quarter results (Q3FY20) later in the day, courtesy recovery in sales volume and benign raw material prices. Analysts at ICICI Securities have pegged Maruti's Q3FY20 profit after tax (PAT) at Rs 2,047 crore, up 37.5 per cent YoY. In comparison, the company had reported Rs 1,489.3 crore as PAT in the year-ago quarter. READ MORE

Earnings today: Besides Maruti, 64 other companies such as Mahindra & Mahindra Financial Services, Mastek, Cummins India, and JK Lakshmi Cement are scheduled to announce their December quarter results later in the day.

DHFL: The Enforcement Directorate has arrested the CMD of Dewan Housing Finance Ltd (DHFL), Kapil Wadhawan, in connection with its money laundering probe against dead gangster Iqbal Mirchi and others, officials said on Monday. Mirchi, who died in 2013 in London, was alleged to be the right-hand man of global terrorist Dawood Ibrahim in drug trafficking and extortion crimes. READ MORE


Navin Fluorine: Net profit of the company rose 17.55 per cent to Rs 45.42 crore in the quarter ended December 2019 as against Rs 38.64 crore during the previous quarter ended December 2018.

GHCL: The company informed that its board has given approval for buyback of shares of the company.

JK Paper on Monday reported 18 per cent increase in consolidated net profit at Rs 131.85 crore in the third quarter ended December, 2019, on the back of lower input costs and high operating efficiencies.

Oil-linked stocks such as OMCs, paint, tyre, and aviation are likely to hog the limelight as crude oil prices slipped for the sixth straight day on Tuesday. Brent crude was down 15 cents, or 0.3 per cent, to $59.17 at around 06:44 am, after touching a three-month low on Monday at $58.50.

Lupin: The pharma major Lupin Monday announced the successful completion of the inspection carried out by the UK Medicines and Healthcare products Regulatory Agency (MHRA) at its three manufacturing units in Pithampur (India). The inspection for the three units at Pithampur closed with no critical observation and one major observation, it said.

Wednesday, January 1, 2020

Stocks to watch: Infra firms, YES Bank, CARE Ratings, Bajaj Electricals

At 08:46 am, Nifty futures on the Singapore Exchange (SGX) were trading 87.50 points or 0.71 per cent lower at 12,239, indicating a negative start for the Indian market on Wednesday.

Here's a look at the top stocks that may remain in focus today -

Infra stocks: Finance Minister Nirmala Sitharaman on Tuesday launched a National Infrastructure Pipeline (NIP), unveiling projects worth Rs 102 trillion, to boost economic growth and help the economy reach the $5-trillion target by 2024-25.

Sterling & Wilson Solar: The company's promoters, Shapoorji Pallonji group, have repaid outstanding loans to the tune of Rs 1,000 crore till December 31.

YES Bank: CARE Ratings on Wednesday downgraded a series of bank's instruments and facilities. Infrastructure bonds worth Rs 5,000 has been revised to CARE A with negative outlook while Lower Tier II Bonds have been downgraded to CARE A from CARE A+ with negative outlook.

Bajaj Electricals: The company's board is scheduled to consider fund raising on January 6, 2020.

Embassy REITs: The company has executed agreements with Embassy Sponsor to acquire 0.6 million square feet leasable area at a 9.25 per cent initial yield on development completion in 4Q FY2023 in Bengaluru.

CARE Ratings: The company, in its regulatory filing, informed that Sebi concluded its adjudication proceedings on Tuesday. It had received adjudication order from the capital market regulator on December 17 in relation to credit ratings assigned to one of the Company's customers and the customer subsidiaries. Sebi had imposed a penalty of Rs 25 lakh on the company.

IRCTC: After a span of five years, the Indian Railways have increased passenger fares by 1 to 4 paisa across various classes, excluding suburban and season tickets, with effect from January 1, 2020. The ‘marginal’ hike is expected to bring in another Rs 2,300 crore to the revenue of the cash-strapped national transporter.


PTC India on December 31 said it has been selected as an aggregator for purchasing 2,500 MW of power from stressed coal-based energy plants under a central scheme.

CreditAccess Grameen on Tuesday said it has completed Direct Assignment transaction of Rs 434.99 crore on December 31, which is also the total amount drawn during this quarter in the form of Direct Assignment.

Aster DM Healthcare said on Tuesday it has signed a pact to acquire Abu Dhabi-based Wahat Al Aman Home Healthcare LLC for an estimated amount of AED 105 million ($28.6 million or Rs 204 crore).

Wednesday, November 27, 2019

Stocks to watch: ZEE Entertainment, SBI, Tata Motors, Parag Milk Foods, BSE

At 08:35 am, Nifty futures on the Singapore Exchange (SGX) were trading 18 points or 0.15 per cent lower at 12,107, indicating a flat-to-negative start for the Indian market on Thursday.

Here's a list of stocks that may remain in focus in today's session -

ZEEL: Media company Zee Entertainment (Zee) on Wednesday said three directors had resigned from its board, two of them citing related-party transactions, among other reasons, for quitting. The disclosure comes two days after Subhash Chandra stepped down as chairman of the board.

Tata Motors: The auto major is planning to offer voluntary retirement scheme (VRS) to 1,600 staff as slowdown takes a toll, according to a report by business daily Mint.

BSE, CDSL: to sell 4 per cent stake in Central Depository Services Limited (CDSL) via OFS.

OMCs: Q3 turning out to be very weak, according to JP Morgan.

Balaji Amines to set up Organic and Specialty Chemicals Manufacturing Unit of capacity 874.2 TPD in Maharashtra.

Parag Milk Foods: The promoters of Parag Milk Foods plan to purchase another 4.2 million shares from the open market in the next few quarters. This will increase their stake in the firm to 51 per cent in the next few months.

SBI: Credit Suisse has raised the target price of the stock to Rs 415 from Rs 370, as per reports.

Tata Steel: As per reports, the company's UK arm is expected to cut 3,000 jobs; workers protest.

ICICI Bank: Credit Suisse maintains 'outperform'; target raised to Rs 585 from Rs 525.

DHFL: According to a report by The Economic Times, private equity firms Apollo Capital and Cerberus are competing with the Adanis for a stake in Dewan Housing Finance (DHFL), as they work out a revival package company to be taken into bankruptcy administration.

Cipla: Pharma major Cipla on Wednesday said its arm Cipla (EU) Ltd has signed an agreement with CitiHealth Imports to acquire remaining 40 per cent stake in Cipla Pharma Lanka.

Granules India: Leading global private-equity companies Blackstone, KKR and Bain Capital, among others are in talks to acquire the company, The Economic Times reported.