8:35 a.m.: CLSA has maintained its buy call on Tata
Motors for target price of Rs 600 per share. CLSA says that stock
pricing is in an extremely pessimistic scenario and JLR has multiple
buffers in China. CLSA expects price to improve once volume growth
recovers.
8:25 a.m.: Below are the stocks which will be in focus today:
Larsen & Toubro: Reports suggest that Larsen & Toubro will produce and sell Lakshya Pilotless Target Aircraft. L&T will pay a royalty for every Lakshya Aircraft produced and sold by it.
Foreign militaries too can buy the aircraft with defence ministry's permission. Meanwhile, the financial impact is hard to judge on this but key is transfer of selling rights to a private player compared to PSUs in past.
Aurobindo Pharma: Aurobindo Pharma will go ex-bonus from today.
Crompton Greaves: Reports suggest that Crompton Greaves is in talks with First Reserve for sale of overseas power business.
HDFC: HDFC has sought for shareholders nod to issue NCDs up to Rs 85,000 crore.
Punj Lloyd: Punj Lloyd has approved execution of business transfer pact with Punj Lloyd Industries. The deal With Punj Lloyd Industries is pegged at Rs 180 crore.
Torrent Pharma: Torrent Pharma has completed acquisition of Zyg Pharma.
Phoenix Mills: Phoenix Mills has raised Rs 282 crore via qualified institutional placement.
8:00 a.m.: Federal Bank also came out with its numbers. The private sector lender disappointed the Street by posting numbers which were below expectations. The net profit came in at Rs 141 crore compared to Rs 220 crore during the same period last fiscal. The bank's non-performing loans rose to 2.6 per cent from 2.04 per cent in the previous quarter.
7:50 a.m.: ACC came out with its numbers over the weekend. ACC reported sales of Rs 2,961 crore compared to Rs 3,009 crore during the same quarter previous year. Net profit for the quarter came in at Rs 131.4 crore compared to Rs 241 crore (YOY). The numbers were below the expectations of analysts.
7:45 a.m.: Analysts say that going ahead stock markets would closely watch out for corporate earnings and how the monsoon session of parliament pans out which will start from tomorrow.
Developments in the monsoon session of Parliament regarding the fate of Land Bill and GST legislation will be closely eyed.
7:40 a.m.: The Sensex and Nifty are likely to open on a flat note. Meanwhile, most of the Asian markets were trading higher as the fears a plunging Chinese stock market and Greek debt crisis abated.
The Nifty traded on the Singapore Stock Exchange also known as the SGX Nifty was indicating a flat start for the Indian markets. The SGX Nifty was up 0.15 per cent or 13 points at 8,645.
8:25 a.m.: Below are the stocks which will be in focus today:
Larsen & Toubro: Reports suggest that Larsen & Toubro will produce and sell Lakshya Pilotless Target Aircraft. L&T will pay a royalty for every Lakshya Aircraft produced and sold by it.
Foreign militaries too can buy the aircraft with defence ministry's permission. Meanwhile, the financial impact is hard to judge on this but key is transfer of selling rights to a private player compared to PSUs in past.
Aurobindo Pharma: Aurobindo Pharma will go ex-bonus from today.
Crompton Greaves: Reports suggest that Crompton Greaves is in talks with First Reserve for sale of overseas power business.
HDFC: HDFC has sought for shareholders nod to issue NCDs up to Rs 85,000 crore.
Punj Lloyd: Punj Lloyd has approved execution of business transfer pact with Punj Lloyd Industries. The deal With Punj Lloyd Industries is pegged at Rs 180 crore.
Torrent Pharma: Torrent Pharma has completed acquisition of Zyg Pharma.
Phoenix Mills: Phoenix Mills has raised Rs 282 crore via qualified institutional placement.
8:00 a.m.: Federal Bank also came out with its numbers. The private sector lender disappointed the Street by posting numbers which were below expectations. The net profit came in at Rs 141 crore compared to Rs 220 crore during the same period last fiscal. The bank's non-performing loans rose to 2.6 per cent from 2.04 per cent in the previous quarter.
7:50 a.m.: ACC came out with its numbers over the weekend. ACC reported sales of Rs 2,961 crore compared to Rs 3,009 crore during the same quarter previous year. Net profit for the quarter came in at Rs 131.4 crore compared to Rs 241 crore (YOY). The numbers were below the expectations of analysts.
7:45 a.m.: Analysts say that going ahead stock markets would closely watch out for corporate earnings and how the monsoon session of parliament pans out which will start from tomorrow.
Developments in the monsoon session of Parliament regarding the fate of Land Bill and GST legislation will be closely eyed.
7:40 a.m.: The Sensex and Nifty are likely to open on a flat note. Meanwhile, most of the Asian markets were trading higher as the fears a plunging Chinese stock market and Greek debt crisis abated.
The Nifty traded on the Singapore Stock Exchange also known as the SGX Nifty was indicating a flat start for the Indian markets. The SGX Nifty was up 0.15 per cent or 13 points at 8,645.
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