Top stocks in focus: RCom, DHFL, Tata Motors, Xelpmoc Design


Equity tips:-

Check out the companies which will be in focus during trade today based on recent and latest news developments.





Reliance Communications said it will propose a similar debt resolution plan to the National Company Law Tribunal that it had been pursuing outside the court.

DHFL stock in focus today as Care Ratings downgraded Rs1.2 lakh cr worth of bonds, loans and deposits issued by the company citing the sharp reduction in its share price and the significant rise in bond spreads.

Tata Motors’ domestic sales in January dropped 8% to 54,915 units on a yearly basis.

Hero MotoCorp’s January sales dropped 9% yoy to 5.82 lakh units.

VST Tiller Tractors’ Power tillers sales were down 3% at 1,950 units in January. Tractor sales fell 32% to 553 units.

Titan announced interim Managing Director Bhaskar Bhat will retire on September 30, and the company’s current Chief Executive Office of the its jewellery division CK Venkataraman will take over the post of the MD.

Tech Mahindra’s board approved the acquisition of 100% stake in Netherland-based company’s Dynacommerce Holding for 4.39 mn euros and contingent payments to be made over the period of 5 years.

Coal India’s January provisional production rose 0.9% to 57.2 MT versus 56.68 MT in January 2018 and production off take fell 2.3% to 52.44 MT.

Wipro launched digital solution for television receivers and antennas. It partnered with US-based firm ‘Airwavz.tv’ to cater to the needs of OEMs, ODMs and semiconductor companies.


Xelpmoc Design stock to start trading on BSE/NSE after IPO got 3.3 times demand.


Cyient board approved share buyback of up to 28.6 lakh shares or 2.54% of paid up equity shares at price of Rs700 per share aggregating to Rs200cr.


Shanthi Gears’ CEO Rajiv Narayanamoorthy resigned from the CEO’s post with effect from February 1. M Karunakaran will be appointed as the next CEO. 



Apollo Microsystems entered into an agreement with Israel-based company ‘Steadycopter’ to market and promote unmanned aerial vehicles in India or any other territory as may be agreed by both the parties.



EID Parry sugar unit at Puducherry will close due to non-availability of sugar cane for production. The company stated that it proposes to transfer assets of the unit to other units and also dispose assets as deemed appropriate.



Results today: IDBI Bank Insecticides India IRB Infra, Aban Offshore, Ajmera Realty, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Bayer Cropscience, Bombay Burmah Trading Corporation, Capacit'e Infraprojects, Cimmco, Exide Industries, Future Retail, Garden Silk Mills, GlaxoSmithKline Pharmaceuticals, Godrej Agrovet, Greaves Cotton, Grindwell Norton, Honeywell Automation.


We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more information regarding the Stock cash tips, Nifty tips, Commodity tips, Equity tips,forex tips missed call @ 8966834895 
Location: India

Comments

Post a Comment

Popular posts from this blog

Asian markets trade higher; Shanghai Composite up 1.5%

Image
Equity tips:- Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Asian stock markets were trading higher on Friday despite a lacklustre session for US shares amid concerns over a delayed Sino-American trade deal. Treasuries steadied and the dollar held gains. Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Earlier, the S&P 500 spent most of the session fluctuating between gains and losses in thin trading, before edging lower at the close. News that a meeting to end the trade war with China won’t happen this month had weighed on sentiment. The pound was little changed as Prime Minister Theresa May won the endorsement of British politicians to seek to delay Brexit day. The yen was steady as the Bank of Japan cut its economic outlook while maintaining its policy stance. The Bank o...
Read more

Axis Bank slumps over 6% post quarterly earning

Image
Equity tips:- Shares of Axis Bank have slumped by over 6% in opening trades after announcing quarterly earning post market hours on Tuesday.  The stock opened at Rs 488 hit an intraday high of Rs 489 and an intraday low of Rs 482. Total traded volumes were approx 0.35mn shares. The quarterly results missed street estimates as NII for the quarter was 4.5% below street estimates of Rs.4741 crore. Also, net profit for the quarter was almost 66% down from street estimates of Rs.1298 crore. NII for the quarter remained flat at Rs.4539 crore vs Rs.4513 crore in previous year corresponding quarter. This was largely due to muted interest income growth to Rs.11235 crore vs Rs.11159 crore in Q2FY18. Asset quality of the bank deteriorated further as GNPA’s for the quarter rose by almost 67% yoy to Rs 27402 crore. As a percentage to total advances, GNPA’s for the quarter rose by 173 bps to 5.9% vs 4.17% in Q2FY17. While Net NPA’s also increased by 110 bps to 3.12% vs 2...
Read more

Asian stocks trade mixed; Nikkei 225 up ~1%

Image
Equity tips:- The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Asian stock markets were trading mixed on Thursday as investors awaited a slew of economic data from China. The pound gave back some of Wednesday’s surge as traders positioned for the next steps in the Brexit saga. Shares edged higher in Hong Kong and Japan, were little changed in South Korea and fluctuated in China ahead of data including industrial production and retail sales. The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Helping buoy sentiment was data showing US orders for business equipment increased in January by the most in six months and a producer price index signaled modest pressure on inflation. Treasury yields steadied and the yen weakened. The US data signaled a positive start to the...
Read more