Sunday 28 May 2017

Top 10 Stocks in focus on Monday, 29 May 2017

Domestic equity markets are likely to open on a flat note with positive bias on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. 

Here is a list of over 10 stocks that are likely to be in focus today: 

JSPL: Jindal Steel and Power Ltd (JSPL) on Saturday made operational the largest integrated steel plant of Odisha with the commissioning of the country's largest blast furnace at Angul. 

PSP Projects: Shares of construction firm PSP Projects will make its stock market debut on Monday after successfully completing its initial public offering last week. 

Omaxe: Real estate company Omaxe LtdBSE 0.17 % on Sunday announced a 55 per cent fall in its consolidated net profit for the fourth quarter ended March at Rs 12.98 crore, compared with Rs 29.03 crore in the same period of 2015-16. 

IGL: The state-run Indraprastha Gas LtdBSE -0.27 % (IGL) reported a 23 per cent rise in net profit for the fourth quarter ended March at Rs 133.5 crore, buoyed by better turnover and sales. The company had posted a net profit of Rs 108.96 crore in corresponding period of 2016. 

Reliance Communications: Telecom player Reliance Communications reported loss of Rs 948 crore for the fourth quarter ended March 2017, hurt by intense price war unleashed by newcomer Jio. Reliance Communications - promoted by Anil Ambani - had registered net profit of Rs 79 crore in the corresponding period of the previous year, as per a regulatory filing. 

Adani Power: The company on Saturday reported a consolidated net loss of Rs 4,960.53 crore for the fourth quarter (Q4) of 2016-17. It had posted a net profit of Rs 1,021.19 crore in the corresponding period of 2015-16

Nalco: National Aluminium Company Limited (Nalco) said on Saturday that it registered a growth of 25.23 per cent with a net profit of Rs 268 crore in the fourth quarter of 2016-17 against Rs 214 crore during the same period of the previous fiscal. 

Punj Lloyd: Infrastructure major Punj LloydBSE 3.60 % saw its net loss on standalone basis narrowing to Rs 181.58 crore during the fourth quarter ended March 31. The company had posted a loss of Rs 396.15 crore in the year-ago quarter, it said in a BSE filing. 

CadilaBSE -0.94 % Healthcare: Drug firm Cadila HealthcareBSE -0.94 % reported consolidated net profit at Rs 385.5 crore for the quarter ended March 31. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of joint ventures of Rs 568.2 crore in the corresponding period of the previous fiscal, Cadila Healthcare said in a BSE filing. 

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