The BSE Sensex and NSE Nifty opened in negative on Wednesday tracking global cues ahead of GST Bill tabling in the Rajya Sabha later in the day. At 9.20 am, Sensex was trading 104.30 points down at 27,877.41, while NSE Nifty was trading 17.95 points down at 8,604.95.
Below are the 10 stocks that are in focus today
HCL Technologies: Share price of the software company was trading 4.30 per cent up at Rs 835 (9.23 am) will hog limelight after it reported 6 per cent quarter on quarter rise in consolidated net profit at Rs 2055.20 crore for the quarter ended June 30, 2016.
JM Financial: Stocks of the company will be in focus after it posted 19 per cent rise increase in consolidated net profit at Rs 86.09 crore in the first quarter ended June 30 as compared to net profit of Rs 72.35 crore in the corresponding April-June quarter.
Torrent Power: Share price of the company was trading 3.12 per cent down at Rs 166.10 (9.39 am) after it posted a 79.55 per cent drop in consolidated net profit to Rs 45.62 crore for the first quarter ended June 30.
EIH Ltd: Share price of the hospitality major were trading 5.90 per cent down at Rs 109.30(9.16 am) after it posted a standalone net loss of Rs 12.24 crore for the June quarter as compared to net profit of Rs 21.15 crore for the corresponding period of the previous fiscal.
UFO Moviez: Stocks of digital cinema distribution network and in-cinema advertising platform were trading 1.97 per cent down at Rs 568.10(9.26 am) after it posted a 25.9 per cent dip in consolidated net profit at Rs 9.82 crore for the June quarter as compared to net profit of Rs 13.25 crore in the same quarter last year.
Reliance Industries (RIL): Stocks of the company were trading 0.26 per cent down at Rs 1008.40 (9.30 am) after CAG red-flagged $1.6 billion of excess cost recovered by RIL in the KG-D6 gas block and took note of state-owned ONGC’s gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.
Piramal Enterprises: Stocks of the company were trading 0.20 per cent down at Rs 1591.15 (9.31 am) as it is looking to raise Rs 215 crore through issue of non-convertible debentures on private placement basis.
NMDC: Stocks of state-owned miner were trading 0.25 per cent up at Rs 101.25 (9.34 am) after it said it will foray into rare earth minerals and beach sand mining, among others.
Godrej consumer Products Ltd (GCPL): Stocks of the company were trading 0.07 per cent up at Rs 1597.45 (9.37 am) after it acquired two newly set up hair care firms in Zambia and Senegal to ramp up presence in African market.
Ugar Sugar: Stocks of the company were trading 4.99 per cent down at Rs 59.95 (9.38 am) despite the company reported net profit of Rs 1.11 crore for the quarter ended June 30, 2016 against net loss of Rs 92.62 crore in the same quarter a year ago.