Tuesday 20 June 2017

Today's Stocks To Watch In Indian Share Market

Aviation cos:

SpiceJet Ltd, InterGlobe Aviation Ltd (IndiGo) and Jet Airways Ltd., will be in focus, after passengers carried by domestic airlines grew by close 18% to 46.59 million during January-May 2017 as against 39.60 million in the corresponding period of previous year, according to the performance report of the domestic airlines released on Monday.

Advanced Enzyme Technologies Ltd:

Advanced Enzyme Technologies Ltd., the drug maker, will be in focus as it eyes inorganic growth through acquisitions and targeting Rs 10 billion turnover in the next five years. The research-driven company is looking for acquisitions in Europe and North America. 

Bharati Defence and Infrastructure:

Bharati Defence and Infrastructure Ltd, India's largest shipbuilder, will be in focus on initiation of Corporate Insolvency Resolution Process (CIRP) and appointment of Interim Resolution Professional (IRP).

Bharat Petroleum Corporation Ltd:

Bharat Petroleum Corporation Ltd (BPCL), the state-run refiner, will be in focus as it is revisiting its mothballed plan to build a refinery in Allahabad to cater to the expanding demand for fuel in the country. "It's an old plan. Now we are reassessing it. We already have land for that and have begun erecting boundaries around it," D Rajkumar, managing director, BPCL told ET. He didn't say by when the company would take a decision on this.

Crompton Greaves Consumer Ltd:

Crompton Greaves Consumer Ltd., the electric equipment maker, will be in fcous after Goldman Sachs initiated coverage with 'Buy' rating and set a target price of Rs 286.

Fortis Healthcare Ltd:

Fortis Healthcare Ltd., the hospital chain operator, will be in focus as SES opposes fortis's proposal to raise FII limit, and IHH set to close deal for Fortis, SRL.

ICICI Bank Ltd:

ICICI Bank Ltd., the largest private sector lender, will be in focus after it shares turn ex-dividend on Monday for dividend of Rs 2.50 per share for the year ended March 31, 2017.

Larsen & Toubro Ltd:

Larsen & Toubro Ltd (L&T), the construction and engineering services provider, will be in focus after global financial services firm Macquarie maintained 'Outperform' on L&T with a target price of Rs 2,125. 

MindTree Ltd: 

MindTree Ltd, an IT service provider, will be in focus after Magnet 360, a Mindtree Company, announced Consumer Connect 360 a Salesforce Fullforce solution for consumer goods brands.

Rama Steel Tubes: 

Rama Steel Tubes Ltd, an iron and steel manufacturer, will be in focus after installing solar project at Khopoli facility, Maharastra.

Reliance Infrastructure Ltd:

Reliance Infrastructure Ltd., the Anil Ambani led infrastructure provider, will be in focus after the Supreme Court on Monday rejected Delhi Metro Rail Corporation's plea to stay a Delhi High Court order asking it to pay Rs 600 million to Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure subsidiary. 

SpiceJet Ltd:

SpiceJet Ltd, the fourth largest domestic passenger carrier, will be in focus after it made a commitment to buy forty 737 Max airplanes worth $ 4.74 billion from along Boeing. It plans plans to grow fleet size to 100 planes by 2020 from Current fleet of 54 planes.

Tata Motors Ltd:

Tata Motors Ltd., the owner of Jaguar Land Rovr (JLR) luxury brand, will be in focus after it revealed its plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering of the unit.

Vedanta:

Vedanta, India's largest miner, will be in focus on depositing Cairn Energy's Rs 6.70 billion with tax departement Rs 6.70 billion of divided due to Cairn Energy was with company.

Wipro Ltd:

Wipro Ltd., the third largest software services exporter, will be in focus after receiving shareholders approval for two resolutions to increase the authorised share capital and issue bonus shares through postal ballot and by electronic voting, said the company on Monday.

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