Top 8 Stocks in Focus on Tuesday, 8 November 2016
Domestic equity markets are likely to open higher on Tuesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues. SGX Nifty was trading 21 points higher at 8,530 in early trade, indicating a gap-up start for equity markets.
Here is a list of 8 Stocks that are likely to remain in focus on Tuesday in response to various news triggers.
ICICI Bank: The private sector lender on Monday after market hours reported net profit of Rs 3,102.27 crore for the quarter ended September 30, 2016 against Rs 3030.11 crore in the corresponding quarter a year ago. ICICI Bank had reported bottomline figures of Rs 2,232.35 crore in the sequential quarter ended June 30, 2016.
Britannia Industries: FMCG major Britannia Industries on Monday posted a 5.79 per cent rise in its consolidated net profit to Rs 233.95 crore in the quarter ended September 30, 2016 as compared to Rs 221.13 crore in the year-ago period.
IT stocks: Shares of IT companies will remain focus on Tuesday after Cognizant on Monday reported 11.8 per cent rise in net profit to $ 444.4 million in the July-September quarter, but cut its annual revenue forecast for the third straight time this year.
Ceat: Tyre major Ceat registered 1.55 per cent rise in consolidated net profit at Rs 106.92 crore for the quarter ended September 30. It had posted a net profit of Rs 105.28 crore in the same quarter last fiscal.
GlaxoSmithKline Consumer Healthcare: The company reported 16.62 per cent decline in standalone net profit at Rs 183.72 crore for the second quarter ended September 30, 2016. It had posted a standalone net profit of Rs 220.34 crore in the same quarter last fiscal.
Varun Beverages: Shares of Varun Beverages will list on bourses on Tuesday. The Rs 1,112.50-crore IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28
Wipro: The company on Monday announced the launch of its Open Banking API (Application Programming Interface) Platform. The Open API platform, will enable banks and financial institutions to launch Open Banking initiatives and create new forms of distribution channels and servicing capabilities, provide access to third-party application marketplaces, and comply with emerging regulatory norms through the standardisation of APIsBSE 0.00 %.
GIC Housing Finance: GIC Housing Finance said S Gopakumar, general manager with Oriental Insurance Company, has been appointed as managing director of the company. Warendra Sinha resigned as MD and CEO of the company following his elevation as whole time director of National Insurance Company.
Results Today: Ashok Leyland, Bharat Forge, Bharat Heavy Electricals Ltd, InterGlobe Aviation, Insecticides (India), KEC InternationalBSE 0.52 %, MRPL, NescoBSE 0.90 %, PFS and Tata Communication will announce their financial results for the quarter ended September 30, 2016 on Tuesday.