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Wednesday, February 26th, 2020

In Focus: Top stocks to track in today's trading session

by December 22, 2017 General

NEW DELHI: Domestic equity markets are likely to see a flat start on Friday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.

At 8.10 am, Nifty futures trading on SGX were trading 4 points, or 0.04 per cent, higher at 10,458.50, indicating a flat start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today’s trading session:

Motherson Sumi:
Auto component major Motherson Sumi Systems’ promoter Samvardhana Motherson International today sold 1.37 per cent stake in the firm for over Rs 1,079 crore, through an open market transaction, PTI reported.

Dilip Buildcon:
DBL has been awarded two new EPC projects valued at Rs 517.81 Cr. by Ircon International, the company informed stock exchanges on Friday.

The IT major won an outsourcing deal worth $2.25 billion from Nielsen. TCS had a 10-year contract with the said company. The renewed deal is for 5 years till 2025.

Development Bank, along with other Chinese lenders, which filed for insolvency against Reliance Communications (RCom), last month, is in advanced talks to take up 70 per cent in development of Dhirubhai Ambani Knowledge City in Navi Mumbai.

Reliance Power:
Anil Ambani-led Reliance Power has approached the Delhi High Court seeking early allocation of coal to its power plant in Maharashtra. The company has made the ministries of coal and power, Central Electricity Authority and Coal India respondents to the case.

The company approved amending of its MoA to enable it to apply to power regulator CERC for trading licence. The decision is in line with the Power Ministry’s plan to make NHPC an aggregator for meeting the demand of peaking power.

Havells India:
The company announced its foray in the water purifiers segment aiming at Rs 100 crore revenue in the first year of operations. Priced between Rs 10,499 to Rs 23,999, Havells India launched six variants of water purifiers.

Hero MotoCorp:
The two-wheeler maker has unveiled three new bikes, 125cc Super Splendor, 110cc Passion PRO and 110cc Passion XPRO, which will be launched in a phased manner starting next month. Through these new offerings, the company aims to further consolidate its position in the domestic motorcycle market, where it commands over 50 per cent share.

Coal India:
Coal India subsidiaries have finally issued electronic letters of intent for supplies of 27 million tonnes of coal annually for 25 years to 10 companies that won them through an e-auction on discounts offered over their existing tariffs.

Housing Development Finance Corporation (HDFC) has approved the sale of 100 per cent of its equity share capital of HDFC Developers and HDFC Realty to Quikr India for a total consideration of Rs 101.99 crore and Rs 254.98 crore respectively.

Somany Ceramics:Somany Ceramics has issued Commercial Paper of Rs. 50 crore value dated 20 December, 2017 having maturity on 15 March, 2018. The aforesaid issuance of commercial papers is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.