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stocks to focus on

Top Stocks in focus on Tuesday 18 July 2017

NEW DELHI: Domestic equity markets are likely to open on a negative on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

SGX Nifty was down 27.50 points, or 0.28 per cent, at 9,917 around 7.45 am (IST), indicating a weak start for NSE Nifty index.

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

Hindustan Unilever: The FMCG company will report its quarterly earnings today. . The destocking by the trade in the weeks before the GST rollout is likely to hamper the growth numbers. While the company’s revenue may grow 1-2 per cent, thanks to price increases, volumes may either remain flat or see a low single-digit decline.

ITC: The GST Council on Monday raised the cess on cigarettes to take away an estimated Rs 5,000 crore annual ‘windfall’ manufacturers could have reaped from lower GST rates, Finance Minister Arun Jaitley said. However, , cigarette prices will not change as a result of the increased cess, which became effective from midnight.

RILBSE -0.60 %, ONGC: The government has ordered RIL, Shell and ONGCBSE 0.16 % to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter. RIL and Shell have appealed the arbitration award in a UK court.

Coal India: Reports suggested that Coal India’s 10 per cent stake sale has been deferred following a sharp decline in the stock price.

IOC, Oil India: Indian OilBSE 0.36 % is in talks to buy out the government’s 66 per cent stake in upstream major Oil IndiaBSE 0.15 %. This is all a part of the Modi government’s vision to create integrated oil and gas companies, and as announced by Finance Minister in his 2017 Budget speech.

GAIL: The CCI has ordered a fresh investigation against state-owned GAILBSE -2.38 % for alleged abuse of dominant position with regard to supply of natural gas. This is the second time in less than a week the company has come under the lens of the watchdog for alleged unfair business practices.

UltraTechBSE 1.32 % Cement, CRISIL: Over a dozen BSE-listed companies will report June quarter numbers on Tuesday. Among them would be UltraTech Cement and NBFC Sundaram FinanceBSE -0.99 %, drugmaker Jubilant Life SciencesBSE 0.33 %, rating agency CRISILBSE 0.27 % and others.

TVS Motor: TVS MotorBSE -0.17 % surpas sed Hero Moto-Corp in scooter sales in the fiscal first quarter, growing at more than 35 per cent when the segment volume at the two-wheeler market leader fell marginally. The local two-wheeler unit of Honda Motor still perched atop the scooter market with a lead that was nearly three times TVS Motor’s sales in the April-June period.

HCC: The company has alloted 47.6 lakh shares to Vijaya Bank upon loan conversion under S4A scheme.

Thermax: The company has sought members’ nod to reappoint MS Unnikrishnan as MD, CEO.

Gallantt Ispat: The company’s board hs approved availing of loan worth Rs 60 crore from HDFC Bank

Bharti Airtel: Reports suggest that telecom major Bharti Airtel may go for consolidation as Etisalat Nigeria looks for buyers.

NHPC: The company’s board will meet on July 27 to consider raising Rs 5000 crore via bonds/debentures.