Top Stocks are to watch for today in indian share market. Learn how to invest in stock market and earn huge profits with expert's stock market tips
Andhra Bank and Allahabad Bank:
Andhra Bank and Allahabad Bank, the state run lenders, will be in focus after they have put up for sale nearly Rs 60 billion of bad loans amid mounting pressure on state-run lenders to clean their books.
Bank of India:
Bank of India, the state run lender, will be in focus as it is exploring the possibility of selling stake in some subsidiaries to unlock capital and turn the corner.
Dena Bank, a state owned lender, will be in focus after Reserve Bank of India, has initiated prompt corrective action for Dena Bank in view of high Net NPA and negative RoA.
GVK Power & Infrastructure Ltd:
GVK Power & Infrastructure Ltd, an infrastructure developer, will be in focus after GVK sells its 10% residual stake in Bangalore Airport to Fairfax India for Rs. 12.90 billion".
JSW Steel Ltd:
JSW Steel Ltd., the privately owned steel maker, will be in focus after it raised its bid for Italy's troubled Ilva steel plant, a statement said on Saturday, in a challenge to a group that was declared the winner of the tender process last month, but whose offer faces labour union opposition.
Lupin Ltd., the local drug maker, will be in focus after the US drug regulatory authority issued observation against its Indore plant. The US Food & Drug Authority (USFDA) found discrepancies in products manufactured at its Indore plant, which was inspected during May 8-19.
Mawana Sugar Ltd:
Mawana Sugar Ltd, sugar maker, will be in focus after Board of agreed to enter into one time settlement with State Bank of India(SBI) in respect of borrowings from State Bank of Hyderabad(SBH).
NBCC (India) Ltd:
NBCC (India) Ltd., the state-run real-estate developer, will be in focus as it hopes to raise Rs 120 billion through e-auction of 11 commercial towers in South Delhi, each part of redevelopment projects in place of low-rise government housing in prime real estate, to kick start the government's ambitious land monetisation plan.
North Eastern Carrying Corporation Ltd:
North Eastern Carrying Corporation Ltd (NECC), the logistic service provider, will be in focus as it is embarking on an expansion drive with plans to double its reach to 500 locations across India in the next three to four years to tap opportunities after GST implementation. The company, which has a strong presence in East and North East, is gearing up to penetrate deeper in the region, while seeking to strengthen presence in South.
NPTC Ltd., the state-run largest thermal power generator, will be in focus after it entered into the new business segment of setting up charging stations for electric vehicles (EVs) and has installed first such points at its offices in Delhi and Noida.
Patel Engineering Ltd:
Patel Engineering Ltd, a construction engineering company, will be in focus on resignation of Sunil Shinde as whole time Director and Chief Executive Officer of the company.
Puravankara Ltd., the real estate developer, will be in focus as it plans to invest Rs 7.50 billion on construction of ongoing projects in the current fiscal and is looking for joint venture partners to expand business.
Reliance Communications Ltd:
Reliance Communications Ltd., the Anil Ambani led fourth largest telecom service provider, will be in focus after it sought to reassure investors saying the debt-laden telecom firm has been given a reprieve of seven months to service its debt.
SpiceJet Ltd., the aviation services provider, will be in focus after it reported 61.40% decline in its standalone net profit for the fiscal fourth quarter of 2016-17, due to demonetisation and increase in fuel cost. According to the airline, its Q4 net profit declined to Rs 416.3 million from Rs 1.08 billion a year ago.
Suzlon Energy Ltd:
Suzlon Energy Ltd, a wind turbine supplier, will be in focus after the arrangement between SE Blades Ltd, SE Electricals Ltd, Suzlon Wind International ltd and Suzlon Structures Ltd with Suzlon Energy Ltd.
Tata Communications Ltd:
Tata Communications Ltd., the Tata Group telecom service provider, will be in focus after it entered into an agreement with Bahrain's Batelco to collaborate in the field of cloud computing and connectivity solutions to their customers. The agreement allows Tata communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco.
Uflex Ltd., the flexible packaging material maker, will be in focus after it forayed into aseptic liquid packaging segment besides adding more products as it aims an overall volume growth of 15% this fiscal. The company expects its Sanand-based septic liquid packaging manufacturing plant, where it is investing around Rs 5.80 billion, to be operational this fiscal.
Vedanta Ltd., the world's largest miner, will be in focus after it said that the ratings for the company have been revised by India Ratings & Research to IND AA/Stable from IND AA/Negative earlier. The announcement was made after market hours on Friday.
Wipro Ltd., the third largest software services exporter, will be in focus after it deployed nearly a quarter of its $100 million corporate venture capital fund in nine start ups in the last two years, a far larger percentage of its fund than cross-town rival Infosys, the company disclosed in its annual filing to the US Securities and Exchange Commission.