Fourteen stocks in focus on Monday, 2 January 2017


NEW DELHI: Domestic equity markets are likely to open on a flat note on the first trading session of calendar 2017. Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 13.50 points, or 0.17 per cent, down at 8,171, indicating a flat start with negative bias.

Investors would get a little help from global peers on Monday as markets in Japan, China, Hong Kong, the US and the UK, among others, will be closed for the day on account of New Year’s Day.

US stocks slumped on the last trading day of the year on Friday, led down by Apple and other big tech stocks, but major indexes still posted solid gains in 2016.

Dow Jones Industrial Average index on Friday closed 57.18 points, or 0.29 per cent, down at 19762.60, Nasdaq Composite settled 48.97 points, or 0.90 per cent, down at 5,383.12.

Back home, stock markets signed off 2016 on a cheerful note, with the BSE Sensex advancing over 260 points on Friday to close at 26,626 on the final trading session of the year, amid positive Asian cues.

Here is a list of 14 stocks that are likely to remain in focus on Monday in response to various news triggers:

Maruti Suzuki India: Country’s largest car maker Maruti Suzuki India (MSI) reported 1 per cent decline in total sales at 1,17,908 units in December 2016 as against 1,19,149 units in the year-ago period.

Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors, reported a 42 per cent jump in total sales at 57,398 units in December 2016. The two-wheeler manufacturer had sold 40,453 units in December 2015, Eicher Motors said in a BSE filing.

Siemens: In a major land deal, realty firm K Raheja Corp and Singapore’s sovereign wealth fund GIC will jointly purchase a property located at Worli, Mumbai for Rs 610 crore from Siemens.

Bombay Dyeing: Bed and bath linen retailer Bombay Dyeing & Manufacturing Co said it has inked an agreement for sale of land, building and some machinery of Ranjangaon unit at an aggregate value of Rs 174.45 crore.

Premier Explosives: The company has bagged an order worth Rs 33.18 crore from the Ministry of Defence for supplying chaffs and flares.

Transformers and Rectifiers (India): The company has informed bourses that it has been awarded the order for 40 No. of 15MVA and 40 No. of 20MVA Power Transformers with Natural/synthetic Ester Oil of 66 kV Class amounting to Rs 92 crore from Gujarat Energy Transmission Corporation Limited (GETCO).

SBI, PNB, Union Bank: Public sectot banks State Bank, Punjab National Bank (PNB) and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class.

Mahanagar Gas: The company on Sunday launched CNG-fueled two-wheeler, whose cost of running comes to 60 paise a kilometre and will also help in cutting emission level.

Lakshmi Vilas Bank: Private sector Lakshmi Vilas Bank has raised Rs 167.8 crore through issuance of 1.19 crore equity shares on qualified institution placement (QIP) basis.

IOC,, BPCL, HPCL: Oil marketing companies increased petrol prices by Rs 1.29 a litre — the third increase in a month, and diesel rate was raised by 97 paise a litre — the second hike in a fortnight.