Top Stocks To Focus | Stock Market News

Hello Traders & Investors, here we are showing the list(With Explanation) of TOP STOCKS TO WATCH - Wednesday - Britannia, EIH, L&T, RIL, Ultratech Cement

Birla Corporation Ltd:

Birla Corporation Ltd., the MP Birla Group will be in focus after it reported over two-fold jump in standalone net profit at Rs 584 million for the fiscal second-quarter ended Sep 30, 2016 compared to Rs 232 million reported in the same period a year ago.

Britannia Industries Ltd:

Britannia Industries Ltd., one of the leading FMCG companies in India, is aiming to double its turnover in the next four to five years and also planning to expand presence overseas in a big way as part of its growth strategy.

EIH Ltd:

The luxury hotels operator under Oberoi and Trident brands said it plans to delist its global depository receipts from the London Stock Exchange in February 2017.

Gujarat Industries Power Company Ltd:

Gujarat Industries Power Company Ltd., will be in focus after it said in a statement to the exchanges that two more wind turbine generators of 2.1 mw each have been commissioned by GIPCL at the Nakhatrana Wind Farm Site in Gujarat.

Larsen & Toubro Ltd:

Larsen & Toubro Ltd., engineering and construction major will be in focus after it reported 84% jump in its fiscal second-quarter consolidated net profit to Rs 14.35 billion compared to 7.78 billion in the same period last year.

Reliance Industries Ltd:

Reliance Industries Ltd., the Mukesh Ambani-led oil and gas major may move after the CAG has pulled up the Income Tax department for giving benefit of Rs 17.67 billion to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company's captive jetties.

Suven Life Sciences Ltd:

Suven Life Sciences Ltd., the Hyderabad-based drug maker will be in focus after it secured two product patents from China and Mexico for its New Chemical Entities (NCE) for the treatment of disorders associated with neurodegenerative diseases.

Ultratech Cement Ltd:

Ultratech Cement Ltd., the cement maker will be in focus after it said that the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India (CCI) against the company on deposit of 10% of the penalty amount.

Results Today:

Jindal Stainless Ltd., Lloyd Electric and Engineering Ltd., PC Jeweller Ltd., Siemens Ltd. and Solar Industries India Ltd. will announce their financial results for the quarter ended September 30, 2016.

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Interesting Information About Union Budget 2016-17

✍The government invited suggestions from citizens through Twitter for the first time, even conducting a series of polls to gauge public priorities and expectations from the Budget

✍The event provides us an opportunity to reflect on the proposals and promises that were made during last year’s Budget.

✍Budgets are about numbers and best understood using charts and graphics.

✍About 8.5 Crore employees whose retirement savings are managed by the Employees’ Provident     Fund Organization (EPFO) could get an option to transfer over a third of their EPF contributions to the National Pension System, regulated by the Pension Fund Regulatory and Development Authority or PFRDA

 ✍The stock markets don't seem very enthused ahead of the Budget — Sensex opens 38.86 points lower, currently at 23,115.44.

✍The Sensex falls 59 points in early trade on reduced bets by cautious retail investors amid continued capital outflows by foreign funds ahead of the Budget.

✍GDP growth has accelerated to 7.6%. CPI inflation has come down to 5.4%.

✍Forex reserves are at the highest ever levels — $350 billion.

✍ CAD is 1.4% of GDP

✍New scheme for BPL families for gas connections. Staturtory backing for Aadhaar platform to ensure delivery of benefits

✍Arun Jaitley announces the nine pillars of his Budget — Agriculture and farmers' welfare, rural sector, social sector including healthcare, education, skills and job creation, infrastructure, financial sector reforms, ease of doing business, fiscal discipline, tax reforms to reduce compliance burden.

✍Agricultural credits target of Rs. 9 lakh crore. Govt.  to  allocate Rs 5,500 crore for crop insurance scheme.

✍Rs. 38,500 crore for MNREGA - Highest ever for the rural employment scheme.

✍Rs. 9,000 crore for Swachch Bharat Abhiyan.

✍Small shops should be given the choice to remain open on all 7 days a week.

✍Rs. 97,000 crore for all roads. Total outlay on roads and rails will be Rs. 2.80 lakh crore. 10,000 km of national highways in 2016-17 and 50,000 km state highways to be converted to NH roads.

✍There are 160 airports and airstrips which can be revived.

✍RBI Act to be amended to set up monetary policy committee.

✍Dept of Disinvestment renamed as Dept of Investment and Public Asset Management.

✍Amendment to the Companies Act to ensure speedy registration and boost start-ups.

✍FIscal deficit at 3.5% of GDP in 2016-17.

✍Ceiling under 87A to be increased to Rs. 3,000. HRA deduction up from Rs. 24,000 to Rs. 60,000 P.A.

✍40% of corpus at the time of retirement under National Pension Scheme to be tax exempt.

✍Infrastructure cess to be levied.

✍No changes have been made to existing income tax slabs.

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Bank Of Japan Introduces Negative Interest Rate Policy

 

The Bank of Japan board Friday voted to introduce a negative interest rate policy in a 5 to 4 vote while keeping its monetary base target at ¥80 trillion annually in an 8 to 1 vote.

The move was aimed at ensuring that consumers move away from a "deflation mindset" and included a statement that lower interest rates on excess reserves would be considered if needed.

The BoJ cited unstable global financial markets and depressed crude oil prices to delay the estimated timing of achieving 2% sustained inflation by six months, the third delay in the past 10 months.

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Office 101, Shagun Tower 
A.B. Commercial Road, Indore

452001
Website: www.zoidresearch.com
Mobile: +91 9039073611
Email: info@zoidresearch.com

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