Tuesday, September 28, 2021

Fifteen stocks in focus in Thursday morning trade

Thursday, February 25, 2016, 2:17
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NEW DELHI: The Indian market is expected to open flat on Thursday tracking positive trend seen in other Asian markets. “The immediate direction remains clearly on the downside and I have talked about 6980-6920 and see while we are getting slowly close to the oversold levels,” said Mitesh Thacker, Technical Analyst, miteshthacker.com. “I will just keep a close watch on 6980-6920 and if these levels start to give away then we are looking up for a much sharper decline,” he added. Here is a list of top fifteen stocks that are likely to be in focus today: Railway-related stocks: Railway related stocks will be in focus ahead of the Rail Budget 2016. The budget is expected to focus on massive capacity creation in the rail sector with an increased plan outlay of about Rs 1.25 lakh crore. SBI: Loans worth Rs 11,700 crore given by State Bank of India have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay. Infosys Ltd: India’s second largest software exporter Infosys has extended the tenure of chief executive Vishal Sikka by another two years till the year 2021, at a time when the former bellwether of India’s $160-billion IT industry is enjoying its strongest period of growth in the last five years. SAIL: The company will invest over Rs 10,200 crore on mine development as the domestic steel giant embarks on a modernisation and expansion programme, Parliament was informed on Wednesday. GMR Infrastructure Ltd: The infrastructure major got a big relief in its ongoing arbitration in Maldives after the tribunal there ruled that the damages to be paid by the government of the country and Maldives Airport Company for dismissing the company from running the Male airport will also include sums owed to Axis Bank Singapore for the project. ONGC: Venezuela’s state oil company PDVSA is about to clinch a deal for Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company’s president said on Tuesday. TVS Motor Company Ltd: The two-wheeler maker is aiming to corner a fifth of India’s two-wheeler market over the next three years, as it banks on products including the new Apache and Victor motorcycles to drive demand. Tata Steel Ltd: Tata Steel Europe chief executive Karl Koehler has stepped down after steering Europe’s second largest steelmaker for over five years in one of its worst phases that saw numerous rounds of restructuring, thousands of job cuts and asset sales. Lupin Ltd: Lupin, one of India’s top five pharmaceutical companies, is planning to make significant investments in Japan, the second-biggest pharmaceutical market in the world. NTPC Ltd: Government on Wednesday raised about Rs 5,030 crore from sale of its 5 per cent stake in NTPC, with insurance companies getting almost two-third shares but retail participation was lukewarm amid a free-fall of stock markets. Quick Heal Technologies Ltd: The company has filed a first information report against Manohar Malani, who had complained to Sebi on the company’s shareholding structure, and some of his family members for allegedly forging papers to represent themselves as shareholders. Muthoot Finance Limited: The company informed the Exchange that its Board of Directors in a meeting held on February 24, 2016, has decided to raise funds up to an amount of Rs. 4,000 Crores by way of Public Issue(s) of Redeemable Non-Convertible Debentures to be issued in one or more tranches. Ponni Sugars (Erode) Ltd: The Reserve Bank has allowed foreign investors to invest up to 49 percent of the paid-up capital in Ponni Sugars (Erode) Ltd. Castrol India Limited: The company announced its results for the full year fourth quarter 2015. For the Full Year 2015, Profit after Tax was up by 29.7% to Rs.615.2 crores as against Rs.474.5 crores during the same period in the previous year. IVRCL Ltd: Lenders of debt-ridden infrastructure firm IVRCL Ltd have decided to convert part of their loans to the highways developer into a 51 per cent or more equity holding.

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