Top stocks in focus: Titan, Bandhan Bank, Gruh Finance, Sobha, IDBI Bank


Equity tips:-






Titan said good growth momentum seen across all its businesses in seasonally strong third quarter. For the jewellery division, strong same sales growth continues to occur, expected growth for full year stands at 22% and the customer demand remained buoyant in the festive season.

Bandhan Bank and HDFC-controlled Gruh Finance are set to unveil a $12-billion share-swap merger, as per media reports.

Sobha Ltd stock in focus today. During the third quarter, the real estate company had achieved new sales volume of 908,824 square feet valued at Rs698.8cr.

Future Lifestyle Fashions increased its foreign portfolio investment limit in the company from 24% to 49%. The company said that this action has been noted by the National Securities Depository Ltd.

Reliance Industries received a nod from the Reserve Bank of India for the merger of US Arm-Reliance Holding USA Inc with wholly owned arm Reliance Energy Generation and Distribution Ltd.

NHPC said that its 390 MW Power Station in Jammu and Kashmir is under complete shutdown from January 1-12 for replacement work.

GMR Infrastructure said the reason for contract termination from Malaysian Airports Holdings Berhad in its airport arm was that long stop date of December 31 for meeting various conditions could not be extended.

IDBI Bank stock in focus as S&P revised its credit rating to BB/Stable from BB/Watch Negative. The rationale for this move given by the rating agency is that they expect the bank to meet regulatory capital requirement following a capital infusion from LIC.


The board of Shalimar Paints approved a rights issue with an allotment of 3.1cr shares at Rs64.5 per share, aggregating to Rs201cr.

BHEL has commissioned an 800 MW thermal plant in Telangana.

Kirloskar Electric will sell 1.065 acre of land situated at Bangalore to Brigade Enterprises for Rs55cr.

Sagar Cements’ December cement sales rose 28.3% yoy to 326,272 MT.

ONGC Videsh Ltd., the overseas arm of ONGC, reported a significant discovery of oil in its offshore block in Columbia. OVL, which is Operator, holds 70% stake in the block along with its Partner Petrodorado South America S.A. Sucursal (PDSA), Colombia (30%).

Spentex Industries said that both Indian Bank and SBI have assigned their respective debts due and payable to them by the company in favour of Asset Reconstruction Company (ARCIL) under SARFAESI Act.


The central government ordered an amalgamation of Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into single rural bank w.e.f. January 1, 2019. NABARD, the Government of Punjab and Punjab National Bank, State Bank of India and Punjab & Sind Bank are sponsors of these regional rural banks.

Responsive Industries launched luxury flooring tiles, which will be the company’s first foray in the B2C segment.


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