Top indian stocks that are to watch today. Get stocks,commodity,forex market tips and calls by experts on your mobile.
Bharti Airtel Ltd., Idea Cellular Ltd:
Bharti Airtel Ltd., Idea Cellular Ltd:
Bharti Airtel Ltd., the largest listed telecom service provider, Idea Cellular Ltd., the third largest telecom service provider, will be in focus after the Reliance Jio filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs 4 billion to the government.
Corporation Bank Ltd:
Public sector lender Corporation Bank will be in focus after its board approved plans to raise capital up to Rs 35 billion.
Den Networks Ltd:
Broadcasting and cable TV service provider Den Networks Ltd., will be in focus after it reported narrowing of consolidated net loss at Rs 605.5 million for the fourth quarter ended March 31. The company had posted consolidated net loss of Rs 2.10 billion in the January-March quarter of the previous fiscal, Den Networks said in a statement to exchanges on Monday after market hours.
GAIL India Ltd:
State-owned gas utility GAIL India Ltd., will be in focus after it signed a first-ever time-swap deal to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.? Meanwhile, GAIL (India)'s net profit dropped 68.7% to Rs 2.60 billion on 15.9% rise in total income to Rs 136.74 billion in Q4 March 2017 over Q4 March 2016. The fall in bottomline was due to accounting of impairment of investments in Ratnagiri Gas and Power (RGPPL) of Rs 7.83 billion in Q4 March 2017. The net profit without the impact of impairment rose 25% to Rs 10.43 billion in Q4 March 2017 over in Q4 March 2016.
The state-owned industrial lender, will be in focus after two major unions - All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) - decided to chalk out separate agitation and strike programmes in support of early wage revision in IDBI Bank, the unions said. Employees of IDBI Bank will strike work on Tuesday demanding wage revision.
Karnataka Bank Ltd:
Karnataka Bank Ltd., the private sector lender, will be in focus after it inked pact with the country's largest insurer Life Insurance Corporation of India (LIC) to sell its insurance policies at the formers branches. An agreement was signed on Monday between LIC and the bank for selling life insurance products of the former, Karnataka Bank said in a statement.
Kotak Mahindra Bank Ltd:
Kotak Mahindra Bank Ltd., the private sector lender, will be in focus as founder Uday Kotak sold 18 million of the bank's shares in the open market, enabling him to comply with the Reserve Bank of India (RBI) direction to reduce his stake in the private sector lender to less than 30%.
PTC India Financial Services Ltd:
PTC India Financial Services Ltd (PFS), the state-owned power sector lender, will be in focus after it reported a 124% rise in standalone net profit to Rs 1.10 billion for fiscal fourth quarter ended March 2017. The company's net profit during similar quarter of previous fiscal was at Rs 490 million.
Ruchira Papers Ltd:
Kraft Paper manufacturer Ruchira Papers Ltd., will be in focus after it reported an over two-fold jump in net profit at Rs 92.6 million for the March quarter. The company had reported a net profit at Rs 40.3 million in the corresponding quarter of last fiscal, Ruchira Papers said in a statement.
Tata Motors Ltd:
Tata Motors Ltd., the owner of Jaguar Land Rover (JLR) luxury brand, will be in focus ahead of fiscal fourth quarter result to be declared later in the day.
Tata Power Company Ltd:
Tata Power Company Ltd., the power supplier to Mumbai and Delhi, will be in focus after it said total generation from all its power plants crossed 52,000 million units last fiscal. Its consolidated generation through all subsidiaries stood at 52,512 million units (MUs) in 2016-17 as compared to 47,347 MUs in the previous fiscal.
VST Tillers Tractors Ltd:
Tractor maker will be in focus after it announced of launching two tractor variants 'Viraat Plus' and 'Samraat' keeping in mind the needs of the Orchard farmers, Haulage and general Agricultural works.