Top stocks in focus on 01 November 2017

Top stocks in focus on 01 November 2017


Here is a list of top stocks that are likely to be in focus in today's trading session.

NEW DELHI: Domestic equity markets are likely to open on a positive note on Wednesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.

At 8.00 am, Nifty futures trading on SGX were trading 38.50 points, or 0.37per cent, higher at 10,417.50, indicating a positive start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today's trading session.

Hero MotoCorp, TechM: Hero MotoCorp, Tech Mahindra, Apollo Tyres, Hexaware, JSW Energy, TVS Motor, Praj Industries, Music Broadcast and Godrej Properties would be some of the companies scheduled to announce quarterly results on Wednesday.


Bharti Airtel: Bharti Airtel's second quarter net profit beat estimates but still slumped 77 per cent on year-down for the sixth successive quarter-to Rs 343 crore. The telco said the numbers may worsen further in the ongoing quarter.

Auto stocks: The expectations from automobile sales in October is high given the likely Diwali-boost during the month. But volumes sequentially are seen growing only moderately, given high inventory buildup seen in the preceding few months, analysts said.

HPCL, MRPL: Hindustan PetroleumCorp Ltd (HPCL) is likely to acquireMangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become India's second-largest oil refiner. The merger is likely to take place after ONGC, the country's biggest oil and gas explorer, completes acquisition of HPCLin an all-cash deal by December or January, officials in know of the development said.

Tata Teleservices: NTT Docomo said it received the arbitral award of 144.9 billion yen (around $1.2 billion) from Tata Sons and transferred its shares inTata Teleservices (TTSL) to the Indian company, ending a troubled partnership and marking the exit of the Japanese telecom major from India.


Tata Steel: Tata Steel's decision to rejig the roles of two key executives -managing director (India & Southeast Asia) TV Narendran and group executive director and chief finance officer Koushik Chatterjee -is linked closely to its proposed merger with Thyssenkrupp in Europe and the focus to grow aggressively in India.

Bharti Infratel: A clutch of global investors have approached Bharti Airtel showing interest in buying a “significant stake“ in its listed tower unit, Bharti Infratel, and it will consider the proposal, the nation's top telecom operator said.

State Bank of India: SBI on Tuesday announced a 5-basis-point cut in its benchmark lending rates across maturity .This is the first rate reduction by the nation's largest bank in 10 months. SBI pegged its benchmark rate at 7.95 per cent for a term of one year with effect from November 1, compared with 8 per cent earlier.

Maruti Suzuki: The car maker said that it may continue to grow in double digits. We have a constraint on production capacity; we are accelerating setting up of new capacity in Gujarat, and it is possible that in 2020, we can achieve an output of more than 2 million, MD Kenichi Ayukawa said.

HDFC Bank: After a year of launching dedicated zones exclusively for startups in Bengaluru, HDFC Bank is expanding its SmartUp zones across niche branches in the IT capital following in the footsteps of RBL and SBI who launched dedicated branches last year. More than 35% of all the startup accounts opened after SmartUp launch and are based in Bengaluru, said HDFC Bank in a statement