Top Twelve Stocks in Focus Today ! Bonaz Capital
RIL, ONGC: The government has set a 1-month deadline to begin implementing steps to resolve a dispute over natural gas that migrated from ONGC’s offshore block in the Bay of Bengal to the adjoining assets of Reliance Industries Ltd, as per media reports. RIL will be in focus ahead of its AGM in which Chairman Mukesh Ambani is likely to disclose future plans for Reliance Jio Info comm at the Company’s annual general meeting on Thundery.
PSU Oil stocks in focus: Public sector oil marketing companies announced an increase in retail selling price of petrol by Rupees.3.38 a liter and for diesel by Rupees.2.67 a liter in Delhi on Wednesday. The price increase is inclusive of state levies and will vary from state to state and will be effective midnight August 31/September 1.
Cement stocks in focus: CCI imposed more than Rupees.6,700 Cr penalty on 10 cement companies. A fine of Rupees.1,147.59 Cr has been imposed on ACC, while penalties on Jaiprakash Associates Ltd and Ultra tech are Rupees.1,323.60 Cr and Rupees.1,175.49 Cr, respectively. The fines on other companies are Rupees 274.02 Cr (Century), Rupees.187.48 Cr (India Cements), Rupees.128.54 Cr (JK Cements), Rupees.490.01 Cr (Lafarge), Rupees.258.63 Cr (Ramco), ACL (Rupees.1,163.91 Cr) and Binani (Rupees.167.32 Cr), according to the release. CMA faces a fine of Rupees.0.73 Cr.
Rajesh Exports Ltd: The Company received export order worth Rupees.1,172 Cr. The order is to be completed by December 2016.
Multi Commodity Exchange of India Ltd: The Company reported a 23% rise in revenue for the June quarter. Net profit rose 55% to Rupees 32.8 Cr.
MOIL: MOIL is set to enhance production of manganese ore up to 2.5 million tons by 2020-21, a top Company executive has said.
India bulls Housing Finance: The Company said it plans to raise up to Rupees.100 Cr through issuance of non-convertible debentures (NCDs).
Hath way Cables: The Company reported Rupees.53.2 Cr loss for the quarter ended June 30 compared with Rupees 37.30 Cr reported in the year-ago period.
Indo Rama Synthetics India: The Company reported a standalone net loss of Rupees.16.56 Cr for the first quarter ended June 30. The Company had posted a net profit of Rupees.5.86 Cr in the corresponding period a year ago, Indo Rama Synthetics said in a BSE filing.
Power Mech: The Company reported its net profit stood at Rupees.16.60 Cr for the quarter ended June 30 compared with Rupees.15.90 Cr reported in the year-ago period.
ZEE: Zee Entertainment Enterprises Ltd announced the sale of its sports network TEN Sports to Sony Pictures Network in an all-cash deal worth $385 million.
Tata Power: Two US defense firms-Raytheon and Lockheed Martin-plans will partner Tata Power Co. Ltd in manufacturing Javelin anti-tank guided missile in India, as per media reports.