Top stocks in focus on 26 October 2017
Here is a list of top stocks that are likely to be in focus in today's trading session.
At 8.00 am, Nifty futures trading on SGX were trading 19 points, or 0.19 per cent, lower at 10,274.50, indicating a negative for the Nifty50. Here is a list of top stocks that are likely to be in focus in today's trading session:
Biocon, Yes Bank and Crompton Greaves: Yes Bank, Biocon, Cromton Greaves, Jubilant FoodWorks, Mastek, United Spirits, Whirlpool of India, Srei Infra, Vijaya Bank, GIC Housing Finance, Mphasis, and Indiabulls Ventures are some of the companies scheduled to announce quarterly results on Tuesday.
Polaris Consulting: The company informed stock exchanges on Thursday that a meeting is scheduled by board members on October 31 to consider proposal of voluntary delisting of the equity shares of the company.
RCom: Reliance Communications (RCom) is shutting major parts of its wireless business in the next 30 days to cut widening losses, blaming, among other factors, the “creative destruction“ wrought by Reliance Jio's free voice services. The shakeout in the sector has led to just three big non-state compa nies remaining in the fray , aside from the government-run telcos.
GVK Power: GVK Power & Infrastructure announced that its subsidiary, Mumbai International Airport, has received a Letter of Award from City and Industrial Development Corporation, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport Project.
Kirloskar Pneumatic Company: The firm has received a Letter of Acceptance from GSPL India Transco (GITL), for Natural Gas Compression Services including supply and installation of Gas Compressor on rental basis, for a value of Rs 60 crore.
Wipro: The IT firm announced the completion of Cooper Software Inc. The impact of Cooper acquisition is expected to reflect in the financial of the Company for the quarter ending 31 December 2017.
Aviation stocks: Domestic air passengers during the month of September grew by 16.43% with Indian carriers carrying 9.6 million during the month, shows passenger data shared by the Directorate General of Civil Aviation (DGCA).
Reliance Industries: Reliance Industries and BP Plc have finalised plans to develop all the gas fields in the KG-D6 Block, reflecting the company’s renewed enthusiasm about the policy and pricing regime and focus on the sector after completing heavy capital expenditure in its telecoms and petrochemicals businesses.
Dabur, HUL: Advertising watchdog ASCI upheld complaints against 114 misleading ads in August, including those pertaining to Hindustan Unilever, Bharti Airtel, Amazon and Dabur India. The Customer Complaints Council (CCC) of the Advertising Standard Council of India (ASCI) received 193 complaints for the month, the regulator said.
PSU banking stocks: The government's capital infusion for public sector banks means that consolidation of these lenders is now on the back burner and could be delayed to after elections in 2019. The key will also lie in how the banks utilise the capital and put the house in order, analysts said, after a day of sharp rise in PSU banking shares.
Glaxosmithkline Pharma: Net profit of Glaxosmithkline Pharmaceuticals rose 31.84 per cent to Rs 130.32 crore in the quarter ended September 2017 as against Rs 98.85 crore during the previous quarter ended September 2016. Sales rose 4.65 per cent to Rs 836.26 crore in the quarter ended September 2017 as against Rs 799.12 crore during the previous quarter ended September 2016.
The initial public offering worth Rs 1,542 crore by the Anil Ambani led Reliance Nippon Life Asset Management (RNAM) was subscribed 4.63 times on the first day of its offer on Wednesday .Reliance Nippon Life is the first asset management company to get listed on the exchanges.