Top 15 stocks trending in today’s trade: Motherson Sumi, Punjab National Bank and more

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The BSE Sensex and NSE Nifty opened on a weak note down on Tuesday tracking global markets. At 9.23 am, Sensex was 276.85 points down at 24,010.57. NSE Nifty was trading 91.70 points down at 7,295.55.
Below are the top 14 stocks that are in focus today
Bharat Forge: Stocks of the company were trading 2.05 per cent up at Rs 785.55 (1.51 pm) after the auto component maker reported a decline of 15.37 per cent in standalone net profit to Rs 166.16 crore for the third quarter ended December 31.
Punjab National Bank: Shares of the country’s second-largest public sector bank by assets were down 5.30 per cent(1.48 pm) at Rs 89.35 after it reported a 93.41 per cent decline in net profit at Rs 51.01 crore for the third quarter ended December 31, on account of higher provisioning for bad loans.
Motherson Sumi: Shares of the company were trading 1.07 per cent down at Rs 268.55 (10.38 am) ahead of its Q3 results. According to Reuters, the auto component maker’s net income may come in at Rs 320 crore v/s consensus estimate of Rs 339 crore.
Hindalco: Shares of the aluminium producer company were trading 1.36 per cent down at Rs 68.75 (11.18 am) ahead of its third quarter results.
IT stocks: The BSE Information Technology index slid over 3 per cent in the early trade on Tuesday after the Nasdaq-listed Cognizant Technology Solutions, a IT service provider issued a weak sales forecast. Cognizant, whose rivals include Indian IT services firms such as Tata Consultancy Services and Infosys Ltd said the financial services sector was off to a slow start this year. Shares of IT majors Infosys and Tata Consultancy Services were trading 3.71 per cent and 3.44 per cent at Rs 1,106.45 and Rs 2,287, respectively (at 10.05 am). Take Solutions and Tech Mahindra were also down by 5.34 per cent and 4.07 per cent at Rs 147.05 and Rs 451.50, respectively.
Strides Shasun: Stocks of the drug company were trading 1.32 per cent down at Rs 1092.70 after it acquired controlling stakes in Kenya’s Universal Corporation and Australia-based Generic Partners Holdings in a bid to strengthen its business in these regions. The company on Monday reported a net profit of Rs 58.81 crore for the third quarter ended December 31, has inked a definite agreement to acquire 51 per cent stake in Universal Corporation for a total consideration of $14 million.
Tata Motors: Stocks of the company were trading 1.37 per cent down at Rs 319.50 after it on Monday said a lockout has been declared at the Dharwad plant of one of its subsidiaries, Tata Marcopolo Motors, following “illegal strike” by workmen over wage negotiations.
JK Tyres & Industries: Stocks of the company were trading 1.45 per cent at Rs 88.10 (9.29 am) as the company reported 20.5 per cent increase in consolidated net profit at Rs 110.64 crore for the third quarter ended December 31, 2015.
Oriental Bank of Commerce: State-owned Oriental Bank of Commerce (OBC) on Monday said it plans to raise up to Rs 1,500 crore by issue of preference shares to the government and LIC. The board will consider proposal for raising capital in its meeting to be held on February 11, OBC said.
United Bank: Public sector United Bank of India (UBI) plans to raise up to Rs 1,000 crore by issuing securities. A meeting of the board of directors will be held on Thursday to approve the same.
SRF Ltd: SRF Ltd, manufacturer of technical textiles, chemicals and polymers, on Monday reported a 41 per cent jump in its consolidated net profit to Rs 101 crore for the third quarter ended December 2015.
Bombay Dyeing: Bombay Dyeing and Manufacturing on Monday reported widening of its standalone net loss at Rs 78.15 crore for the third quarter ended December 31.
Balrampur Chini Mills: Balrampur Chini Mills, the country’s second-largest sugar firm, on Monday reported a standalone net profit of Rs 87.80 crore for the quarter ended December 31, on account of lower expenses and financial costs.
Telecom stocks: In a boost to net neutrality and a blow to Facebook and other operators offering differential data tariffs, telecom regulator Trai on Monday barred them from charging discriminatory prices for web access.
GAIL: The company is expected to announce its result for the quarter ended December 31.
Bombay Dyeing and Manufacturing: The company reported widening of its standalone net loss at Rs 78.15 crore for the third quarter ended December 31.