Today's update on top indian stocks are to watch. Expecting that Market will be in positive note. Investing on these well researched stocks may get you good profit with high leveraged stock tips.
Axis Bank Ltd:
Axis Bank Ltd., India's third largest private lender, will be in focus after the board of Snapdeal (Jasper Infotech), owner and operater of FreeCharge, agreed to sell the digital payments platform to Axis Bank.
Capital First Ltd:
Capital First Ltd., a debt-financer to small entreprenuers, will be in focus after the Reserve Bank of India (RBI) said that the FII investment in Capital First crossed limit of 24%.
Hero MotoCorp Ltd:
Hero MotoCorp Ltd., largest two-wheeler maker, will be in focus after its net profit rose 3.50% to Rs 9.14 billion in the quarter ended Jun 2017 as against Rs 8.83 billion during the previous quarter ended Jun 2016. Sales rose 7.74% to Rs 79.71 billion in the quarter this fiscal as against Rs 73.98 billion during the previous quarter ended last fiscal year.
HCL Technologies Ltd:
HCL Technologies Ltd., a software service provider, will be in focus after it reported its net profit at Rs 22.10 and consolidated EBIT at Rs 24.44 billion. EBIT Margin stood at 20.1%.
Idea Cellular Ltd:
Idea Cellular Ltd., India's third largest telecom operator, will be in focus as it will reseale its quarterly earning results. It is expected to be gloomy as Motilal Oswal, a brokerage firm believes that it may report a net loss of Rs 8.39 billion against net profit of Rs 2.20billion in the corresponding quarter a year ago.
Indraprastha Gas Ltd:
Indraprastha Gas Ltd., the country's leading natural gas distributor, will be in focus after Reserve Bank of India allowed foreign institutional investors (FIIs)/ foreign portfolio investors (FPI) to buy more shares. RBI raised FIIs/FPIs buying limit in the natural gas distributor from 24% to 30%.
Katwa Udyog Ltd:
Katwa Udyog Ltd., a cement maker, will be in focus after it is renamed as Shri Keshav Cements & Infra with effect from Aug 01, 2017.
Mahindra & Mahindra Ltd:
Mahindra & Mahindra Ltd., an automobile maker, will be in focus after it is hopefull for a $6 billion order from the US government for postal delivery vehicles, and will submit over a dozen prototypes for road-testing between September and November this year as the process enters its final round.
Maruti Suzuki Ltd:
Maruti Suzuki Ltd., India's largest carmaker, will be in focus as it is expected to release a double-digit growth in net profit for the quarter ended Jun 30, 2017. Edelweiss Securities, a brokerage firm sees 20.60% on year rise in profit after tax, while EBITDA and revenue may increase by 16% and 16.40% on year basis.
Oil & Natural Gas Corporation Ltd:
Oil & Natural Gas Corporation Ltd., India's biggest oil explorer, will be in focus it is in plan with Hydrocarbon Vision 2030 for North-East Region. The management approved additional investment of Rs 31.04 billion for drilling of wells and creation of surface facilities to produce gas from Tripura gas fields.
Pidilite Industries Ltd:
Pidilite Industries Ltd., an adhesive maker, will be in focus after it reported a 16.77% decline in net profit declined to Rs 2.26 billion in the quarter ended Jun 2017 as against Rs 2.72 billion during the previous quarter ended Jun 2016. Sales declined 2.58% to Rs 15.28 billion in the quarter ended this fiscal.
PNB Gilts Ltd:
PNB Gilts Ltd., a wholly owned subsidiary of Punjab National bank, will be in focus after its net profit rose 29.63% to Rs 251.1 million in the quarter ended Jun 2017 as against Rs 193.7 million during the previous quarter ended Jun 2016.
Parsvnath Developers Ltd:
Parsvnath Developers Ltd, India's largest real-estate developer, will be in focus after the controversial Parsvnath Exotica project in Ghaziabad stands on shaky ground after suffering another blow. Land owner Devidayal Aluminium
Industries (DAIPL) cancelled the power of attorney (PoA) for the plot and sent a legal notice to Parsvnath Developers to vacate within a month.
Radico Khaitan Ltd:
Radico Khaitan Ltd., a maker of industrial alcohol, will be in focus after its net profit rose 16.67% to Rs 256.9 million in the quarter ended Jun 2017 as against Rs 220.2 million during the previous quarter ended Jun 2016. Sales declined 4% to Rs 4.11 billion in the quarter ended this fiscal.
Tata Teleservices Ltd:
Tata Teleservices (Maharashtra) Ltd, Tata group led telecom service provider, will be in focus after proposing to funds upto an aggregate amount of Rs. 13 billion. The Board will consider the proposal and type of issue on Jul 31, 2017.
Tata Motors Ltd:
Tata Motors Ltd., the owner of Jaguar Land Rover (JLR) luxury car brand, will be in focus after its board at meeting held on Jul 26 has approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non convertible debentures of face value of Rs 10 each at par, aggregating up to Rs 10.00 billion comprising of two tranches of debentures of Rs 500 each.
Vedanta Ltd, the Anil Agarwal's led group, will be in focus after it plans to raise up to $1 billion in dollar bonds in the second such issue in six months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead of the mining cycle turnaround. The sale is likely as early as next week.
Va Tech Wabag Ltd:
Va Tech Wabag Ltd., a provider of water treatement services, will be in focus after it has won a repeat order in Bengaluru worth Rs 3.86 billion.
Aditya Birla Fashion and Retail Ltd, Biocon Ltd., Cholamandalam Investment and Finance Company Ltd, Crompton Greaves Consumer Electricals Ltd, Dr.Reddy's Laboratories Ltd., Exide Industries Ltd., Glenmark Pharmaceuticals Ltd., ICICI Bank Ltd., Idea Cellular Ltd., Idfc Ltd, IDFC Bank Ltd, Itc Ltd, Maruti Suzuki India Ltd., Reliance Capital Ltd., among other to announce Apr-Jun quarter earnings release today.
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