Top 11 stocks in focus today: Ashok Leyland, IRB Infrastructure Developers and more

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The BSE Sensex and NSE Nifty opened lower on Monday tracking weak Asian markets. At 9.27 am, Sensex was trading 143.20 points down at 26,017.70. NSE Nifty was trading 48.70 points down at 7,914.50.
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Below are the stocks in focus today’s trade

Ashok Leyland: Shares of the company were trading 3.15 per cent up at Rs 91.55 after Hinduja Group flagship firm on Saturday reported a 31.4 per cent increase in total sales t 12,209 units in December 2015.

Tata Motors: Stocks of the auto major was trading 1.48 per cent down at Rs 395.70 in early trade after the company on Friday reported 4 per cent decline in sales at 39,973 units for December compared to 41,734 vehicles in December 2014.

Thomas Cook: Stocks of the travel and leisure firm was trading 0.95 per cent up at Rs 206.90 after the company said its Bengaluru-based arm Quess has gained full control of US-based IT applications and outsourcing firm MFXchange Holding by acquiring an additional 51 per cent stake for an undisclosed sum.

IRB Infrastructure Developers: Stocks of the company were trading 8.21 per cent at 264.95 (9.32 am) after it said it has received Rs 10,050 crore road project in Jammu and Kashmir. The project involves construction of a tunnel spanning a length of 14.08 kilometers. The company will receive semi-annual annuity of Rs 981 crore after the completion of construction of the project.

Hero MotoCorp: Stocks of country’s largest two-wheeler maker will be in focus as the company on Friday reported 5.02 per cent decline in sales at 4,99,665 units in December.

Coal India: CIL said its production in December stood at 52.07 million tonnes (MT) as against the target of 51.08 MT for the month.

Eicher Motors: In the domestic market, sales of Eicher trucks and buses stood at 4,114 units in December 2015 compared with 3,013 in December 2014, a growth of 36.5 per cent.

TVS Motor: The two-wheeler maker reported a 4 per cent increase in total sales at 2,02,086 units in December.

SpiceJet: The low-budget airline, which has activated plans to place orders for new planes to expand its fleet strength, is considering Embraer jets for its fleet among others.

IDBI Bank: Public lender IDBI Bank said it has raised Rs 900 crore by way of issuing Basel-III compliant tier-II bonds. Government is unlikely to go for a strategic stake sale of state-owned IDBI Bank during the current fiscal due to some procedural issues.

Power Grid Corporation of India: The company on Friday informed BSE after market hours taht that POWERGRID Vizag Transmission Limited, a wholly owned subsidiary of the company secured though Tariff Based Competitive Bidding (TBCB) process, has successfully charged the 1st element of the Khammam – Nagarjunasagar 400kV D/C Transmission line on December 31, 2015, within the completion schedule specified.

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