Twelve Stocks in Focus on Wednesday, 31 August 2016
The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.
Here is a list of Top Twelve Stocks that are likely to be in focus today
TCS: Tata Consultancy ServicesBSE -0.73 % announced that it has developed an innovative digital solution along with General Electric to revolutionise gas turbine manufacturing which could save significant time and costs in the manufacturing process.
RBL Bank: RBL Bank will make its debut on the bourses at 10:00 am on Wednesday. The IPO was subscribed by
close to 70 times. The company has fixed the issue price at Rs 225, at the upper end of the price band of Rs 224-225.
DLF: India’s largest realty firm DLF said it has shortlisted few potential investors to sell promoters’ stake in rental
arm and expects the proposed deal, estimated at Rs 12,000 crore, to be signed by early October.
M&M : Home grown auto major Mahindra & Mahindra (M&M) will continue selling XUV500 and Scorpio with 1.99 litre engine in Delhi/NCR till the “dust settles” after the Supreme Court order lifting the ban on 2,000 cc and above diesel vehicles earlier this month.
IOC: Indian Oil Corp, the nation’s biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
Kotak Mahindra Bank: The Reserve Bank of India today gave a go-ahead to Canada Pension Plan Investment Board (CPPIB) to almost double its holding in Kotak Mahindra Bank. CPPIB already holds 4.89 per cent in the bank which it had bought in multiple tranches.
Future Retail: The country’s top retailer Future Retail has posted a net profit of Rs 70 crore for the quarter ended June compared to a loss of Rs 87 crore a year earlier.
Goodyear India : Tyre maker Goodyear India reported a standalone net profit of Rs 41.28 crore for the quarter ended June 30, 2016. The company had posted a net profit of Rs 37.07 crore for the April-June quarter a year ago, Goodyear India informed BSE.
Cox & Kings: Tour and travel firm Cox & Kings reported 23.67 per cent dip in consolidated net profit to Rs 108.07 crore for the first quarter ended June 30, 2016-17.
UltraTech Cements: The Reserve Bank of India has allowed foreign investors to invest up to 30 per cent in UltraTech Cement.
Goodyear India: Tyre maker Goodyear India on Tuesday reported a standalone net profit of Rs. 41.28 crore for the quarter ended June 30, 2016. The company had posted a net profit of Rs. 37.07 crore for the April-June quarter a year ago, Goodyear India informed BSE.
IDBI Bank: Public sector lender IDBI Bank Limited has raised capital of Rs 1,500 crore through Basel III compliant Additional Tier-1 (AT1) bonds to enhance capital adequacy.