Top stocks in share market that may give good return on your investment wit expert's stock tips. Market will be in positive note today
Indian oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., and other oil refiners, will be in focus after oil ended its strongest week this year with a surge on Jul 28, built on receding fears of oversupply, as US crude came within striking distance of $50 a barrel for the first time since the end of May. US crude settled at $49.71 a barrel, up 67 cents, or 1.4%, and on the week gained nearly 9%.
jet Airways Ltd., Spicejet Ltd., and other domestic airline passenger carrier, will be in focus after domestic airlines will see "varying effects" on their profits in the coming years as they will be required to show all aircraft leases on their balance sheets under a new accounting standard.
Cipla Ltd., a local drug maker, will be in focus after it is looking to file more than 20 applications seeking approval for its generic medicines from the US health regulator this fiscal. In the last financial year, the drug maker filed 32 abbreviated new drug applications (ANDAs) in the US.
Dena Bank., a state-owned lender, will be in focus after it reported losses in the first quarter of this fiscal year on the back of huge loans loss but the management said that it expects to show profits from next fiscal year. Dena Bank reported Rs 1.33 billion loss against Rs 2.79 billion in comparable period last year.
Escorts Ltd, an agriculture equipment maker, will be on focus as its net profit increased 33.4% in the fiscal first quarter led by government renewed focus on farm mechanisation and smart city infrastructure.
HSIL Ltd., a sanitaryware maker, will be in focus after it expecting an over two-fold growth to be Rs 60 billion maker in the next five years.
IRB InvIT Fund:
IRB InvIT Fund, the IRB Infrastructure led group, will be in focus on reporting revenue of Rs 1.51 billion for the Apr-Jun quarter. The InvIT also announced distribution of cash flow of Rs 900 million to its unit holders at Rs 1.55 per unit, out of which Rs 1.05 per unit is in the form of interest and Rs 0.50 per unit in the form of return of capital.
IL&FS Transportation Ltd:
IL&FS Transportation Ltd., a provider of infrastructure leasing and financial Services, will be in focus after it wins the project to build the Zojila tunnel that will provide all year connectivity between Srinagar and Leh. The other bidders for the tunnel project are Larsen & Toubro, Reliance Infrastructure and Jaiprakash Ventures.
Indian Hume Pipe Company Ltd:
Indian Hume Pipe Company Ltd., provider of construction & maintenance of projects service, will be in focus after it won order of Rs 16.3 billion from Raipur Municipal Corporation, Chhattisgarh for the work of augmentation of water supply scheme of Raipur under AMRUT MISSION on turnkey basis including Operation & Maintenance for 5 years. The work is to be completed within 30 months.
Larsen & Toubro Ltd:
Larsen & Toubro (L&T) Ltd., India's biggest engineering and construction provider, will be on focus after it reported a 46% on year rise in consolidated profit at Rs 8.93 billion for the June quarter. The engineering and construction major reported Rs 6.10 billion profits in the same quarter last year.
LIC Housing Finance Ltd:
LIC Housing Finance Ltd., India's second-biggest home mortgage lender, will be in focus after it reported lower than consensus net profit in first-quarter of the fiscal year on slower revenue growth. Net profit of the Life Insurance Corp's unit rose 15.47% to Rs 4.70 billion in the three months ended Jun 30 compared to Rs 4.07 billion in the corresponding period a year ago.
Marico Ltd., the maker of 'parachute' brand of oil, will be in focus after acquiring South Africa's leading hair styling business-Isoplus.
NTPC Ltd., a state-owned largest thermal electricity generator, will be in focus after it formalised a loan agreement for Rs 66.08 billion to finance capital expenditure of a 1,320 mw power project being set up in Uttar Pradesh. In addition, its board has approved the issue of bonds/NCDs worth up to Rs 150 billion.
Oil & Natural Gas Corporation Ltd:
Oil & Natural Gas Corporation Ltd., India's biggest oil explorer, will be in focus after it sought pricing and marketing freedom to help bring to production a one-trillion cubic feet gas discovery that will open up a new sedimentary basin after over three decades. The refiner made a significant natural gas discovery in the Gulf of Kutch of Gujarat coast that can produce about three million standard cubic meters per day.
Pfizer Ltd., the drug maker, will be in focus after it reported 28.57% decline in net profit at Rs 571.7 million for the first quarter ended Jun 30, 2017 due to lower sales. The company had posted a net profit of Rs 800.4 million in the same period last fiscal.
PSP Projects Ltd., a provider pf construction services, will be in focus after it announced that the Company has received work orders from Apr 1, 2017 to Jun 30, 2017 from various clients worth Rs 1.72 billion for industrial, government residential and residential projects.
Reliance Capital Ltd:
Reliance Capital Ltd., the Anil Ambanil led financial services provider, will be in focus after Sunil Singhania elevated as global head.- equities at Reliance Capital.
Safari Industries Ltd:
Safari Industries Ltd., a plastic moulded luggage maker, will be in focus after Securities and Exchange Board on India (SEBI) imposed a penalty of Rs 200,000 on 12 erstwhile promoter entities of Safari Industries for violating disclosure norms.
Balrampur Chini Mills Ltd., Interglobe Aviation Ltd., Bank of Maharastra, Agri-Tech (India) Ltd., Sintex Industries Ltd., Siemens Ltd., Classic Leasing Finance Ltd., Aptech Ltd., Jaypee Infratech Ltd., Music Broadcast Ltd., among other to announce Apr-Jun quarter earnings release today.