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Top stocks in focus on 30 October 2017

Here is a list of top stocks that are likely to be in focus in today's trading session.

ETMarkets.com|
Updated: Oct 30, 2017, 08.48 AM IST
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Stocks in news:IDFC Bank, Shriram and L&T
Domestic equity markets are likely to open on a positive note on Monday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.

At 8.00 am, Nifty futures trading on SGX were trading 23 points, or 0.22 per cent, higher at 10,394, indicating a positive start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today's trading session.

HDFC, Tata Steel and Lupin: HDFC, Tata Steel, Lupin, Marico, IDFC, Wockhardt, Central Bank, Bharat Electronics, LIC Housing Finance and EIH are some of the companies scheduled to announce quarterly results on Monday.

Bharti Airtel: Bharti Telecom to buy up to 4.62 per cent of Bharti AIrtel's stake, say sources.

Ricoh India: Ricoh will cut off financial support to its scandal-hit Indian subsidiary as the local unit continues to bleed red ink and relationships with major customers deteriorate, the Japanese office equipment maker said Friday, Nikkei reported.

ONGC: ONGC on Saturday said its net profit for the rose 3.13 per cent year-on-year (YoY) to Rs 5,130.74 crore for the September quarter. The refiner had reported net profit of Rs 4,974.92 crore for the corresponding quarter of last year.

Adani Transmission: The company on Saturday said its consolidated profit after tax (PAT) fell 33 per cent year-on-year (YoY) to Rs 66.69 crore for the September quarter.The Adani Group company had reported Rs 99.54 crore profit in the same quarter last year. The numbers last year included a one-time deferred tax reversal adjustment of Rs 34 crore, the company said in a BSE filing. Excluding the tax adjustments of last year, the profit was almost flat on YoY basis.

Vedanta: Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant.

ICICI Bank: The lender said its net profit plunged 34 per cent YoY in Q2 as bad loans rose and gains from stake sales at insurance subsidiary were muted compared with the year-ago quarter. As a percentage of total loans, gross non-performing assets rose to 7.87 per cent in September, from 6.12 per cent in the year-ago quarter.

PNB: Punjab National Bank had to scrap its Rs 1,500-crore perpetual bond issue last week. “The issue had strong response but was withdrawn due to a technical error at the BSE online platform,“ said a PNB official, citing a BSE communique issued twice with changes. But questions has been raised on whether the PNB issue a bit over-ambitious on the rate front as If there is a technical error, why could they not extend bid timing.

Jaypee Infratech: The interim resolution professional (IRP) appointed in the Jaypee Infratech insolvency case has invited companies, investment firms and fund houses with a net worth of over Rs 1,000 crore to complete the developer's delayed projects, including Noida's Wish Town, by infusing Rs 2,000 crore or more.

Canara Bank: State-run Canara Bank's profit dropped by 27.1 per cent to Rs 260.18 crore in the second quarter of ongoing financial year on account of higher provisioning and decline in income. The bank had reported a net profit of Rs 357 crore in the year-ago period.

Sunteck Realty: Realty developer Sunteck Realty has raised over Rs 650 crore from global financial institutions through Qualified Institutional Placement (QIP) and promoter's capital infusion. The company is planning to use the money raised to support business growth through new land and projects acquisitions.

SPARC: Sun Pharma Advanced Research Company (SPARC) post market hours of Friday reported Rs 62.57-crore loss for the second quarter ended September 30, 2017-18. The company had posted net profit of Rs 15.01 crore for the corresponding period of the previous fiscal, SPARC said in a filing to BSE.

Ashok Leyland: Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years.

Tata Metaliks Limited (TML): The company, which makes ductile iron water pipes, has reported a 54 per cent year-on-year increase in quarterly net profit, helped by higher sales and lower input cost. For the quarter ended September 30, net profit increased to Rs 33.5 crore from Rs 21.73 crore a year ago, the company said on Friday.

Mastek: IT firm Mastek post market hours of Friday said its consolidated net profit grew over two-fold to Rs 17.5 crore for the quarter ended September 30, 2017. This is against net profit of Rs 7.3 crore in the year-ago period.

Bank of India: State-owned Bank of India raised Rs 500 crore through perpetual bonds at a rate much cheaper than usual, four people familiar with the matter told ET. Bank of India paid 8.79 per cent, about 210 basis points lower than its secondary market yield reported before the federal injection of funds last Tuesday .

Bharti, Idea, RIL: The telecom regulator is unlikely to reduce international termination rates (ITR) ¬ a charge paid by operators to networks that receive calls - to the level of the local equivalent, as demanded by Reliance Jio, because the method of calculating costs varies in both cases.

Aditya Birla Fashion and Retail: ABFRL, formerly known as Pantaloons Fashion, on Friday reported a standandalonenet loss of Rs 10 crore for the September quarter. It had reported net profit of Rs 65 crore in the July-September quarter of last financial year.(ABFRL), formerly known as Pantaloons Fashion, on Friday reported a standandalonenet loss of Rs 10 crore for the September quarter. It had reported net profit of Rs 65 crore in the July-September quarter of last financial year.
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