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Top Stocks to be Focused for 02 August 2017

PNBBSE 1.71 %, Reliance Infra: Pharma majors LupinBSE 2.52 % and WockhardtBSE -1.95 %, PSU lenders PNB and UCO BankBSE 0.75 %, Tata group firm VoltasBSE -1.00 %, Reliance Infra, Bata IndiaBSE 0.20 %, Emami KEC InternationalBSE 1.03 % and Godrej PropertiesBSE 1.44 % are some of the companies, which will report their quarterly results today.

Hindustan Copper: The state-run company said that the government will sell up to an aggregate of 3,70,08,720 Equity Shares of face value of Rs. 5 each of Hindustan CopperBSE -7.22 % on Wednesday for non-Retail Investors and Thursday for Retail Investors. The floor price for the offer is at Rs 64.75 per equity share.

Bharti Airtel: The largest telecom is considering selling about a 3 percent stake in its tower unit through an institutional share sale, Bloomberg quoted people with knowledge of the matter.

Religare Enterprises: Clix Capital, the commercial lending and leasing company run by former GE India executives Promod Bhasin and Anil Chawla, is likely to buy Religare Housing Development Finance from Religare Enterprises for about Rs 600 Crore.

Voltas: Tata Group company Voltas which is the market leader in the domestic room air-conditioner segment is evaluating a potential buyout of Sharp India’s inverter technology AC manufacturing plant in Pune, multiple sources familiar told ET NOW.

Venus Remedies: The board of the company will consider QIP issue on August 3.

Tata Chemicals: A media report suggested that Indonesia-based Indorama Corp is in advanced talks to acquire the Haldia fertiliser unit of Tata Chemicals for upwards of Rs1,000 crore.

Lupin: The drugmaker has received final approval for its Fluocinonide Topical Ointment USP from the United States Food and Drug Administration to market a generic version of County Line Pharmaceuticals, LLC’s Lidex Ointment. It is indicated for the relief of the inflammatory and pruritic manifestation of corticosteroid-responsive dermatoses.

Eicher Motors: Eicher MotorsBSE 0.33 % has achieved total motorcycle sales of 64,459 units in July 2017, higher by 21 per cent over July 2016. Total sales included exports of 1304 units, higher by 4 per cent over July 2016.

Telecom stocks: India’s big phone companies may be burning cash amid brutal competition for market share, but the fight for subscribers by offering rock-bottom prices triggered by the entry of Reliance Jio Infocomm “is in its final stages”, S&P Global Ratings said on Tuesday.

ITC: ITCBSE -0.40 % Foods today announced the launch of a biscuit variety “enriched” with native Indian cow milk. It will be priced at Rs 10 for 83 gm and will be available at all retailers, modern format and topend general trade in Tamil Nadu, a company release said.

Premier Pipes: The company plans to undertake sub-division of equity shares of the company having face value of Rs10/- each into 2 (Two) Equity Shares having a face value of Rs 5/- each and consequent change in the authorized share capital of the Company. The board will consider the proposal on 10 August 2017.

Reliance Defence: Anil Ambani-led Reliance Defence and Engineering said its standalone net loss has widened to Rs 230.4 crore for the Quarter Ended June 30. The company had posted a standalone loss of Rs 134.5 crore in the corresponding quarter of the previous fiscal.

EIH: Hospitality major EIH reported a net profit of Rs 9.48 crore for the first quarter ended June 30.  The company had posted a net loss of Rs 12.96 crore in April-June quarter a year ago, EIH LtdBSE 1.81 % said in a BSE filing.

Piramal Enterprises: Ajay Piramal-controlled conglomerate Piramal Enterprises reported a net profit of Rs 302 crore for the June quarter, up 31 % from a profit of Rs 231 crore in the same quarter last year, helped by the strong growth in its financial services lending book. Revenues grew 27 % to Rs 2,254 crore.

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Top Stocks to be Focused for 02 August 2017


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