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Fifteen stocks in focus on Tuesday, 4 July 2017

Domestic equity markets are likely to open on a flat note on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

SGX Nifty was trading 5 points, or 0.05 per cent, down at 9,619, indicating a flat start for NSE Nifty index.

The BSE Sensex rallied 300 points to close at over one-week high of 31,222 on Monday and the Nifty reclaimed the psychological level of 9,600 as investors made a big bet on the biggest tax reform in independent India, the goods and services tax, which came into force from July 1.

Here is a list of top stocks that are likely to be in focus today:

Tata Power: The company on Monday said it has completed construction of a 187 MW hydro project in Georgia at a cost of over $420 million. The Shuakhevi project is the largest hydro-power plant to be built in Georgia in the past five decades.

ONGC: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), on Monday said it has acquired 30 per cent interest in an oil block, off Namibia, from UK’s Tullow Oil. OVL did not disclose the deal value.

InterGlobe Aviation: Promoters of no-frills airline IndiGo will discuss with investors this week its interest in buying Air India as well as the plans for long-haul operations. Days after expressing its interest to buy out the debt-laden national carrier, IndiGo on Monday said it would hold a conference call with investors and analysts to discuss the proposal on July 6.

JSW Steel: Domestic firm JSW Steel on Monday said it has received shareholders’ approval to raise over Rs 14,000 crore through various securities.

Reliance Capital: Reliance Capital on Monday acquired 22.08 per cent stake in technology-based lending platform Billionloans Financial Services Private Limited. The equity stake was acquired in an all cash deal at a cost of Rs 7 crore, the company said in a regulatory filing.

YES Bank: Private sector YES Bank will consider the proposal to divide the equity share of the company in a board meeting to be held later this month.

Bajaj Auto: Husqvarna, one of the oldest motorcycle brands in the world, will be made in India by Bajaj Auto. Pune-based Bajaj holds a 47 per cent in Austria’s KTM, whose promoters own Husqvarna.

Wockhardt: Drug firm Wockhardt has received approval from the US health regulator for generic Olopatadine HCl eye drops used for the treatment of opthalmic allergies.

Ambuja Cements: The company has secured estimated limestone resource in Maharashtra of 42 million tonnes at final bid price of 125.02 per cent of value of mineral dispatched.

Jindal Poly Films: The company on Monday said it will acquire Netherlands-based Apeldoorn Flexible Packaging Holding BV through its subsidiary in an all-cash deal, marking its foray into the load security films market.

Hero MotoCorp: Effective July 1, the Munjals-owned Hero MotoCorp has decided to put a complete halt on royalty payments to its former joint venture partner Honda. The two-wheeler giant will now tap its inhouse R&D unit — the Centre of Innovation and Technology (CIT) in Jaipur, Rajasthan — for all technology requirements.

Auto stocks: Maharashtra government has decided to increase tax on the registration of all new vehicles by 200 basis points, according to media reports.

Omkar Speciality Chemicals: The company on Monday said the company has framed “concrete plans” for its business expansion by scaling up its activities in existing segments like pharmaceuticals.

Tata Global Beverages: The company on Monday appointed Tata Sons head N Chandrasekaran as Chairman with immediate effect.

ICICI Bank: Indostar Capital Finance is negotiating to acquire as much as a 70 per cent stake in ICICI Home Finance, the mortgage lending unit of ICICI Bank which has had other suitors as well in the past, people familiar with the matter said.