Domestic equity markets are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange
(SGX Nifty) and mixed global cues.
Here is a list of Top Stocks that are likely to be in focus today:
Corporation Bank: State-owned Corporation Bank posted a profit of Rs 159.98 crore for the last quarter of 2016-17 fiscal even though bad loans rose. In contrast, the bank had a net loss of Rs 510.9
crore in the January-March quarter of 2015-16, Corporation Bank said in a statement.
Natco Pharma: The company has received environment clearance (EC) for its Rs 480 crore expansion project in Telangana that would generate 1,500 jobs.
Multiplexes and cinemas: The GST Council, led by Finance Minister Arun Jaitley, has fixed rate on movie tickets at 28 per cent, the highest rate slab which is also applicable for casinos and five-star hotels. According to Angel Broking, these companies may be slightly unhappy that they have been bracketed in the highest category along with gambling and betting activities. That almost looks akin to imposing a “Sin Tax” on movies.
Kalpataru Power: Engineering firm Kalpataru Power Transmission Ltd (KPTL) posted a 36.54 per cent jump in net profit at Rs 89.6 crore for the March quarter on back of improved margins and strong order book.
Just Dial: Local search engine Just Dial on Saturday reported 37 per cent decline in net profit at Rs 25.35 crore for the quarter ended March 31. The company had reported a net profit of Rs 40.29 crore in the corresponding quarter a year ago, Just Dial said in a BSE filing.
Bajaj Auto: The auto major is hoping to put up an improved sales show in 2017-18 on the back of recoveries in both domestic and export markets after a rough ride last fiscal. With an aim to increase its overseas shipments, the company plans to enter at least five new markets this fiscal.
Kotak Mahindra Bank, Tata Motors DVR: Private sector lender Kotak Mahindra Bank and Tata Motors DVR (Differential Voting Right Share) will be included in the BSE's benchmark Sensex from June 19. State-owned GAIL will move out of the Sensex, Asia Index -- an equal venture between S&P Dow Jones Indices LLC and the BSE -- said in a circular.
Punjab National Bank: State-run Punjab National Bank said it has devised a three-pronged strategy including strengthening of credit monitoring and recovery system and evaluation of all it's verticals to improve efficiency and maximise profitability.
Motherson Sumi: Auto components major Motherson Sumi Systems Ltd (MSSL) has lined up capital expenditure of Rs 2,000 crore for the current fiscal, mainly on the upcoming nine plants in five countries including India.
Suzlon: Wind turbine manufacturer Suzlon reported a consolidated net profit of Rs 578.99 crore in the fourth quarter ended March 31 mainly due to timely execution of orders. The Pune-based company had posted a net loss of Rs 333.87 crore in the corresponding quarter of last fiscal.
VRL Logistics: The company’s net profit fell 29.72 per cent to Rs 8.38 crore on 6.58 per cent rise in total income to Rs 444.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday.
Bhushan Steel: Bhushan Steel announced that it had participated in iron ore mine open bidding for the Kalmong West Block in Sundergarh district having a reserve of 92 million tonne and won the auction.
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