Top stocks in focus on 24 October 2017
Domestic equity markets are likely to open on a flat to negative note on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues
At 8.10 am, Nifty futures trading on SGX were trading 13.50 points, or 0.13per cent, lower at 10,186.50, indicating a flat start for NSE Nifty index. Here is a list of top stocks that are likely to be in focus in today's trading session
Infosys BSE -0.09 %, HDFC Bank: Infosys, HDFC Bank BSE 0.22 %, Asian Paints BSE 1.05 %, Ambuja Cements BSE 0.98 %, Zee Entertainment BSE 0.91 %, Can Homes BSE 2.66 %, ABB, Rallis India BSE 1.80 %, Raymond BSE -0.19 % and ICICI Prudential are some of the companies scheduled to announce quarterly results on Tuesday
RCom: The Department of Telecom (DoT) has cleared the merger of Sistema Shyam Teleservices with Reliance Communications BSE 0.00 %, a deal that will reduce the number of mobile operators in the country to ten.
The Ramco Cements: The company has subscribed to the rights issue offer of Lynks Logistics and has acquired 4,81,00,000 shares of face value Rs 1 each. Consequent to the acquisition, the total shareholding of Ramco Cements in Lynks Logistics stands at 47.62 per cent of its paid up share capital
Unitech: The Supreme Court on Monday refused the bail plea of Unitech BSE -0.47 %'s managing director Sanjay Chandra, asking the builder to deposit Rs 1,000 crore first as a bonafide.
IVRCL: IVRCL BSE -0.24 % has received communication from corporate debt restructuring (CDR) cell informing that CDR EG after due deliberation with the lenders approved the exit of account of the company from CDR mechanism on account of failure of the CDR package
Cochin Shipyard: Cochin Shipyard announced that the Ministry of Shipping had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers for upgradation and modernisation of shipbuilding infrastructure at the two shipyard sites of Salkia and Nazirgunge in Kolkata
Vedanta: Bullish about the growth in demand for commodities in India, Vedanta will invest $8 billion over the next three years, funded primarily by internal cash flows.
NTPC: Six months after it conducted a solar auction of 250 MW at the Kadapa Solar Park in Andhra Pradesh, NTPC has still not been able to find a buyer for the power the project will produce, people aware of the matter said.
BSE 1.59 %
Coal India: Coal India BSE 0.31 % plans to rationalise supply sources for private power producers to reduce the distance over which coal is carried in an effort to cut transport and generation costs. The state-run monopoly will soon invite private generators to participate in the scheme.
Tinplate: Net profit of Tinplate Company of India BSE -0.82 % rose 71.09% to Rs 17.81 crore in the quarter ended September 2017 as against Rs 10.41 crore during the previous quarter ended September 2016. Sales rose 135.14% to Rs 413.16 crore in the quarter ended September 2017 as against Rs 175.71 crore during the previous quarter ended September 2016.
B A G Films BSE -3.03 % & Media: The company announced that the securities committee has allotted 98 lakh convertible warrants to Skyline Tele Media Services, a promoter group on preferential basis
Tulive Developers: The company has plans for buyback of equity shares. The board of the Company will consider the proposal on October 27.
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