The BSE Sensex and NSE Nifty opened on a flat note on Thursday following global cues. At At 9.23 am, Sensex was trading 6.89 points up at 24,499.28, while nSE Nifty was down 2.20 points at 7,435.55.
Below are the top 15 stocks in focus today:
Engineers India Ltd: The government will sell 10 per cent of its stake in Engineers India Ltd (EIL) on Friday, which is likely to fetch over Rs 690 crore to the Exchequer. Stocks of the company were trading 3.41 per cent down at Rs 198.40.
Punj Lloyd: Shares of the company were trading 6.44 per cent up at Rs 25.60 (10.36 am) after the company announced that its joint venture with Limak (50-50 share) has won Rs 2,780 crore TANAP gas pipeline contract in Turkey.
United Spirits: Shares of the company were trading 2.54 per cent up at Rs 2657.45 (10.38 am) after it reported a decline of 45.20 per cent in its standalone net profit to Rs 40.95 crore for the third quarter ended December 31.
HDFC Ltd: Stocks of the country’s largest mortgage lender were trading 0.98 per cent down at Rs 1156.25 (9.27 am)will be in focus after it reported a rise of 11.03 per cent in consolidated net profit at Rs 2,419 crore for the third quarter ended December 31. HDFC’s net profit in the October-December period of the previous fiscal stood at Rs 2,179.01 crore.
Power Grid: Stocks of the company were trading 2.06 per cent up at Rs 141.25 after the company on Wednesday reported 31 per cent jump in its standalone net profit at Rs 1,613.12 crore for the quarter ended December 31, 2015 on account of rise in revenue from its transmission business.
IDFC Bank: Shares of the company were trading 1.78 per cent up at Rs 51.45 after in its first quarterly numbers, IDFC Bank posted Rs 242.16 crore profit for the three months ended December 31, 2015. IDFC Bank started operations in October last year, making this the first ever declared result of the bank.
SpiceJet: To reduce overall costs, SpiceJet is re-negotiating contracts related to aircraft lease, engineering, maintenance and other areas as some of the pacts are “out of sync” with realities, airline’s chief Ajay Singh
said. After grappling with turbulent times a year ago, SpiceJet is on the path of turnaround and has remained profitable for four straight quarters.
InterGlobe Aviation: Budget carrier IndiGo has added eight new flights in its pan-India network, which will take the total number of daily flights operated by the airline to 679.
ONGC and GAIL: In a bid to give a fillip to domestic manufacturing, the Petroleum Ministry on Wednesday proposed to give preference to locally manufactured goods and services in the Rs 90,000-crore of tenders issued annually by oil PSUs. Under the Purchase Preference Policy, public sector oil firms like ONGC and GAIL will give preference to a firm supplying a minimum threshold of goods and services sourced from local manufacturing unit or plant, Oil Minister Dharmendra Pradhan said on Wednesday.
Neyveli Lignite: Neyveli Lignite Corporation’s on Wednesday said its net profit plunged 84.6 per cent to Rs 47.61 crore for the quarter ended December 31, 2015.
SKS Microfinance: SKS Microfinance on Wednesday reported nearly twofold increase in net profit at Rs 79,4 crore for the third quarter ended December 31.
Essar Oil: Top stock exchange NSE has decided to suspend trading in securities of Essar Oil from February 10 on account of the company delisting from the bourses. Last month Essar Oil had completed delisting process from the stock exchanges after a payout of Rs 3,745 crore to shareholders, the largest in India’s corporate history.
State Bank of Mysore: SBI associate State Bank of Mysore on Wednesday reported a dip of 71.98 per cent in net profit at Rs 26.94 crore for the quarter ended December 31, on higher provisioning and employee cost.
Maruti Suzuki: The auto major is expected to announce its third quarter results today.
Bharti Airtel: The telecom major will announce its third quarter results today