Thursday 1 February 2018

Top stocks in focus

NEW DELHI: Domestic market is likely to see a negative opening on Wednesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and cues from other Asian markets. 

Nifty futures on the Singapore Stock Exchange were trading 53.50 points, or 0.49 per cent, lower at 11,013at 8.30 am, indicating a negative start for the Nifty50 in India. Here is a list of top stocks that are likely to be in focus in today's trading session: 

Mahindra & Mahindra: The company announced its foray into the sprayers business under the aegis of its farm equipment sector through the acquisition of a 26 per cent equity stake in M.I.T.R.A. Agro Equipments, a Maharashtra-based gTech firm. 

Bharat Financial, IndusInd Bank: Microfinance company Bharat Financial Inclusion said it has received clearance from Competition Commission of India (CCI) for its merger with IndusInd Bank while approvals from Reserve Bank of India and other statutory bodies are still under process. 

Bank of India: Bank of India has recovered Rs 3 thousand crore in the last month by invoking standby letter of credit, or SBLC, and guarantees of defaulters, said its chief executive. "Si .. 

Mphasis Aims: IT services company Mphasis aims to grow faster than the industry in 2018-19, after crossing a run rate of $1 billion in the third quarter of the current financial year, as it has started bagging an increasing number of deals in newer areas of business. 

Bajaj Auto: The company said workers at its manufacturing plants at Akurdi and Chakan in Maharashtra have gone on an indefinite hunger strike. Bajaj Auto said the main reasons for the strike as .. 

Future Market Networks: Mall developer Star Shopping Centres is merging with Future Group's primary retail infrastructure development unit, Future Market Networks, according to a BSE filing of the latter. 

SBI Life Insurance: SBI Life Insurance, the country's second-largest private sector life insurer by market capitalisation, on Tuesday reported a 20.9 per cent growth in net profit

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