Tuesday, 3 January 2017

TOP STOCKS TO WATCH | STOCK MARKET TIPS

STOCKS TO WATCH- Tuesday JAN 3 -Hero MotoCorp, ICICI Bank, Infosys, SBI, Tata Motors

Bajaj Hindusthan Sugar & Industries Ltd:

Bajaj Hindusthan Sugar & Industries Ltd., the sugar maker, will be in focus ahead of seeking shareholders' approval for proposed sale of its co-generation power business to group firm Lalitpur Power Generation Company (LPGCL) for about Rs 18.00 billion. ​ The company's board, at its meeting held on Monday, considered seeking necessary approval of shareholders by way of postal ballot "for sale of co-generation business comprising of power generation facility aggregating to 449 MW," the company said in a statement to exchanges.

Balrampur Chini Mills Ltd:

Balrampur Chini Mills Ltd., sugar maker will be in focus after it received shareholder's nod for buyback of equity shares.

Dhanuka Agritech Ltd:

Dhanuka Agritech Ltd., manufacturer of wide range of agro-chemicals, will be in focus after it received member's nod for buyback of equity shares.

Hero MotoCorp Ltd:

Hero MotoCorp Ltd., the country's largest two-wheeler maker, will be in focus after it reported 33.9% drop in total sales in December 2016 at 330,202 units as against 499,665 units in the same month previous year.
The company said its three manufacturing facilities at Gurgaon, Neemrana and Haridwar were closed from December 26-31, 2016 on account of annual maintenance.

ICICI Bank Ltd:

ICICI Bank Ltd., the largest privately owned lender, will be in focus after it cut base lending rate by 0.70% making home, auto and other loans cheaper.

Infosys Ltd:

Infosys Ltd., the second largest exporter of software services, will be in focus after it cautioned its employees that the road ahead is long and not easy, company CEO Vishal Sikka has stressed the importance of automation and warned against "lackadaisical" attitude towards greater value creation.

LIC Housing Finance Ltd:

LIC Housing Finance Ltd., the housing arm of the country largest insurer Life Insurance Corporation of India, will be in focus after Morgan Stanley cut target price of LIC Housing Finance from Rs 700 to Rs 560.

Oriental Bank of Commerce and Andhra Bank:

Oriental Bank of Commerce (OBC) & Andhra Bank, the state-run lenders will be in focus after cutting lending rates. OBC slashed one-year MCLR rate by 0.8% to 8.60% while Andhra Bank has brought it down by similar percentage point to 8.65%.

Power Grid Corporation of India Ltd:

Power Grid Corporation of India Ltd., the state-owned power transmission company, will be in focus after it transferred 30.6 million equity shares in Power System to government.

SML Isuzu Ltd:

SML Isuzu Ltd., commercial vehicles maker, will be in focus after it reported 16.4% increase in sales at 1,021 units in December 2016. It had sold 877 units in the same month of 2015.

State Bank of India (SBI):

State Bank of India (SBI), the nation's largest lender, will be in focus after it said the 90-basis points-reduction in the lending rates is likely to prop up its sagging loan growth and expects to boost the loan book to 8-9% for the current financial year.

Tata Motors Ltd:

Tata Motors Ltd., the owner Jaguar Land Rover (JLR) luxury brand, will be in focus on reporting a 2% increase in total sales at 40,944 units in December as against 39,973 units sold in the year ago period.

Titan Company Ltd:

Titan Company Ltd., the Tata Group Company will be in focus after it said jewellery sales have reached "pre demonetisation" level in December but sales of watches through multi-brand outlets are yet to recover. The retail gr
The retail growth for Tanishq in Q3 FY17 is around 15%.

TVS Motor Company Ltd:

TVS Motor Company Ltd., the two-wheeler maker, will be in focus after it reported 8.47% decline in total sales at 184,901 units in December. The Chennai-based company had sold 202,021 units in December 2015.


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