Tuesday, 19 July 2016

Top Stocks in focus on Tuesday, 19 July 2016

The Indian market is expected to open higher on Monday tracking positive trend seen in other Asian markets. The market is likely to be rangebound on Tuesday as earnings disappointment is slowly weighing on. Get Live Today Stock Market News Updates Visit Us www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

The Nifty is likely to trade in a 250-point range between 8400-8650 today. With sharp focus on Q1 earnings, the uptrend is seen to be intact with foreign institutional investors (FII) flows strong.

Here is a list of top stocks that are likely to be in focus today:

HUL: Hindustan Unilever BSE -2.04 % (HUL) reported a 9.7 per cent year-on-year (YoY) growth in net profit at Rs 1,174 crore for the quarter ended June 30, which was largely in line with consensus estimates.

Wipro: Wipro Ltd is expected to report 3.6 per cent year-on-year fall and 5.7 per cent quarter-on-quarter net profit to Rs 2187.80 crores for the quarter ended June 30.

Jaiprakash Power Ventures Ltd: The company reported a standalone net loss of Rs 196.16 crore for the quarter ended June 30, 2016. The company had reported a net profit of Rs 66.96 crore in the year-ago period, Jaiprakash Power VenturesBSE 2.88 % said in a filing to BSE.

Gruh Finance: A subsidiary of HDFC LtdBSE 0.58 %, has reported 19.6 per cent rise in net profit at Rs 60.18 crore for the first quarter ended June 30.

MindTree: Mid-sized IT firm MindTreeBSE -3.76 % posted a 3.7 per cent drop in consolidated net profit at Rs 123.5 crore in the first quarter of the ongoing fiscal.

JSW Energy & Jaiprakash Power: Sajjan Jindal-promoted JSW EnergyBSE 0.00 % will acquire Jaiprakash PowerBSE 2.88 % Ventures' 500 MW thermal plant at Bina in Madhya Pradesh at base enterprise value of Rs 2,700 crore.

Camline Fine Sciences: The company said that State Level Environment Impact Assessment Authority, Gujarat, has granted environment clearance to set up a manufacuring facility for hydroquinone/catechol and its downstream products at the Dahej SEZ. It had investment plans of Rs 180 crore for the unit.

Idea Cellular: India's No. 3 carrier, has slashed effective rates of its 4G and 3G Internet packs for prepaid and post-paid customers who use large data packs, offering up to 67 per cent more benefits for the same price.

GATI: Macquarie Bank has sprung a surprise and decided to go back on its bet on leading logistics and express delivery service provider Gati LtdBSE 0.00 %, by cashing out of its entire 5.6 per cent stake in the company.

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