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Twelve stocks in focus in Wednesday's trade

Indian markets are expected to trade higher. Here is a list of twelve stocks which are likely to remain in focus today.

ET Online|
Updated: Jul 15, 2015, 09.30 AM IST
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Stocks in news: DLF, Sun TV
NEW DELHI: Indian markets are expected to trade higher on Wednesday tracking positive trend seen in other Asian markets.

"It is clear that the market is waiting for some big news that can take Nifty either side of 8,300-8,550 range. While the largecap indices are sideways, the Nifty Junior is hardly about 100 points from its all-time high level," says Ashwani Gujral, Fund Manager, Ashwanigujral.com.

"So, action remains restricted to the mid, smallcap spaces. That said, in case we are able to get some spark in the numbers, only then we can get past 8,550-8,600 levels on the index," he added.

Here is a list of twelve stocks which are likely to remain in focus today:

Sun TV Ltd: An inter-ministerial panel is learnt to have rejected the Sun Group's application to participate in the next-stage FM radio auctions, indicating that the licence renewal request of the Chennai-based network's 33 TV channels - hanging fire after home ministry denied them security clearance - could suffer the same fate.

Pennar Industries Ltd: Pennar Engineered Building Systems has received approval from market regulator Sebi to float an initial public offer (IPO). The company, a subsidiary of Hyderabad-based Pennar Industries.

L&T Finance Ltd: Non-banking finance company, L&T Finance has acquired a 26 % stake in Grameen Capital India, enaged in credit enhancement and advisory services.

DLF Ltd: Realty major DLF is likely to raise about Rs 2,500-3,000 crore by next month via private equity and is in talks with Singapore government's investment arm GIC to sell stake in a new housing project here.

India Cements Ltd: India Cements Ltd (ICL), owner of Chennai Super Kings (CSK) is planning to move the Supreme Court against the order of the court appointed committee suspending the team from Indian Premier League for two years, TNN reported.

Tata Motors Ltd: Luxury car maker Jaguar Land Rover (JLR) reported a record June for sales in the UK and Europe, but suffered a big fall in its figures for China.JLR's performance for the year-to-date shows 18% growth in the UK, 16% in Europe and 15% in North America, with overseas sales down 11%, said media reports.

ONGC: Buoyed by Iran's historic nuclear accord with world powers to end sanctions, India will ask Tehran for rights to develop ONGC-discovered Farzad-B gas field in the Persian Gulf even as it prepares to pay $ 6.5 billion in past oil dues.

Coal India Ltd: The world's biggest coal miner, on Tuesday said it has decided to relinquish about three-fourths of a coal mine it was allotted in Mozambique.

Adhunik Metaliks Ltd: The company has informed the exchanges that Orissa Manganese & Minerals, a wholly owned subsidiary, has been granted extension of lease for its three manganese ore mines (Patmunda, Orahuri and Kusumudhi) till March 31, 2020 under the merchant category.

JSPL: JSPL said one of its promoter has pledged 3.49 per cent stake in the company with Axis Trustee Services Ltd.

PVR Ltd: PVR has opened a seven-screen multiplex at VED Transcube Plaza, taking its count to three in the city.

Ashok Leyland ltd:​ Hinduja Group flagship company Ashok Leyland said the sales of its small commercial vehicle DOST, the first product to be launched under the joint venture with Nissan Motor Company, had crossed the one lakh mark.

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