Check out the companies which will be in focus during trade today based on recent and latest news developments. Share Market Services | NSE & BSE Market Tips
Figure 1: Top Stocks in Focus Bharat Forge: Bharat Forge has completed acquisition of Walker Forge Tennessee LLC and PMT Holdings Inc., USA through its wholly-owned subsidiary, Bharat Forge America Inc., USA, on December 1, 2016, for a total consideration of $14 million. Bajaj Auto: The company has registered a decline of 13% in total sales to 2,69,948 units in November 2016 against 3,09,673 units in November 2015. The sales of the motorcycles decreased by 12% and stood at 2,37,757 units in the month under review against 2,70,886 units in November 2015. Hero MotoCorp: The company reported sales of 479,856 units in the month of November 2016. Hero MotoCorp, which posted record festive sales this year, saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales. Tata Motors: The company on Thursday reported sales of 38,900 units in November compared to 38,918 units in the same month last year.
TVS Motor Company: TVS Motors sales growth at 2,24,971 units in November compared with 2,25,401 units in the same month last year. Vedanta: Vedanta is planning to invest Rs 15,000 to 20,000 crore over three years to expand its alumina and aluminium producing capacity. United Bank of India: The bank has revised the rate of interest on deposits above Rs 1 crore. AstraZeneca Pharma India: The company has got an extension from its parent firm AstraZeneca UK to sell anti-bacterial drug Meronem in India for the next six months. Wipro: The company announced that it has been awarded a three-year IT infrastructure services and digital transformation contract by Woodside, an Australian oil and gas company with a global presence. Ujjivan Financial Services: The company on Thursday informed bourses that it has submitted an application on Thursday to the Reserve Bank of India, Regional Office, Bangalore for the registration of the company as core investment company. Shilpa Medicare: The company announced that the board has approved the raising of funds of up to Rs 175 crore by issuing equity shares on preferential basis to TA FII investors Ltd, Mauritius. Coal India: Coal India reported that its coal production grew by 5% to 50 million tonnes (mt) in November as compared to 47.47 mt of coal produced in the corresponding month last fiscal. Clariant Chemicals: The company reported 86 per cent drop in net profit at Rs 3.5 crore for the quarter ended September 30, 2016 against Rs 25 crore in the corresponding quarter last year. AXISCADES: Airbus has signed a strategic agreement with QuEST Global and AXISCADES to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers. Steel Strips Wheels: Passenger car segment grew 22% in November 2016 YoY. The company saw a turnover growth of 22% for the month of November led by a strong performance in the tractor and the commercial vehicle segment. Atul Auto: Atul Auto total sales for the April-November 2016 stood at 27,854 units, declined by 5% as compared to 29,367 units in the same period last year. SML Isuzu:The company has sold 639 vehicles during November 2016 against 683 vehicles sold in November 2015. Gillette India: Gillette India posted a 7% yoy growth in revenue with growth in grooming business. EBITDA grew 11% yoy to Rs 81 Cr Net profit grew 77% yoy to Rs 55 Cr. Graphite India: Graphite India Ltd reported its standalone net profit declined by 53% yoy to Rs 16 cr. Mahindra Tractors: Domestic sales in November 2016 were at 15,918 units, as against 20,819 units during November 2015. Total tractor sales (domestic+ exports) during November 2016 were at 17,262 units, as against 21,717 units for the same period last year. Exports for the month stood at 1,344 units.
Results to watch out for! IL&FS Transportation Networks, Ashoka Buildcon, Parsvnath Developers in focus The results that are expected today are IL&FS Transportation Networks, Ashoka Buildcon, Parsvnath Developers, BGR Energy, Dredging Corporation, Endurance Technologies, Nagarjuna Fertilizers. The results that are expected today are IL&FS Transportation Networks, Ashoka Buildcon, Parsvnath Developers, BGR Energy, Dredging Corporation, Endurance Technologies, Nagarjuna Fertilizers, TV Today Network, GE Power India, Gokak Textiles, Hathway Bhawani Cabletel & Datacom, India Glycols, Power Mech Projects. Stock Commentary: Parsvnath Developers Ltd ended at Rs 12.24, down by Rs 0.32 or 2.55% from its previous closing of Rs 12.56 on the BSE. The scrip opened at Rs 12.58 and touched a high and low of Rs 12.58 and Rs 12.2 respectively. A total of 185245(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 532.66 crore. The BSE group 'B' stock of face value Rs 5 touched a 52 week high of Rs 30 on 07-Dec-2015 and a 52 week low of Rs 10.9 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 12.8 and Rs 12.1 respectively. The promoters holding in the company stood at 70.9 % while Institutions and Non-Institutions held 7.7 % and 21.4 % respectively.
If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Market Tips , Commodity market tips , call @ Our Toll
free Number 18003157801 or fill form FREE TRIAL
Published on Dec 2, 2016
Published on Dec 2, 2016
TradeIndia Research is one of the best stock market service providers. We provide all the share market advisory services as well as commodit...