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Friday, February 28th, 2020

Twelve stocks in focus in Thursday morning trade

by March 31, 2016 General

NEW DELHI: The Indian market is expected to open flat on Thursday tracking muted trend seen in other Asian markets.

“The movement on the index suggests that there are more buyers and bulls overpowering the bears. In the near-term we may see some positive move on the index with the crossing of its immediate resistance level of 7,750,” said Vivek Gupta, CMT – Director Research, CapitalVia Global Research Ltd.

“If it manages to sustain above this level then this may surge till the levels of 7850. On the other hand support for the Nifty Future is at 7,600 with the breach of which it can test the next crucial support mark of 7,550,” he said.

Here is a list of top twelve stocks that are likely to be in focus today:

Brigade Enterprises Ltd: Bengaluru-based Brigade Group, which holds licences to build World Trade Centers in five southern cities, will build its third WTC after Bengaluru and Kochi in Chennai.

Gammon India Ltd: The company said that its board will consider a proposal received from an investor this week for investment in the company’s engineering procurement and construction business, said a media report.

Ashok Leyland Ltd: Defence and security company Saab and Hinduja group flagship Ashok Leyland (ALL) have joined hands to manufacture truck simulators in India under the ‘Make in India’ concept, said a media report.

Jain Irrigations Ltd: Jain Irrigation Systems Ltd’s (JISL) food processing arm has raised Rs 402 crore from Mandala Capital for growth of the company.

Vijaya Bank: State-run Vijaya Bank on Wednesday said the government has approved a capital infusion of Rs.220 crore in lieu of preferential allotment of shares.

Hindustan Zinc Ltd: Hindustan Zinc’s board of directors have declared a special golden jubilee dividend of 1200%– the highest by any private company in India.

Natco Pharma Ltd: Drug firm Natco Pharma said on Wednesday its board has approved to sell its ‘Save Mart Pharmacy Stores’ in the US.

IIFL Holdings Ltd: IIFL Holdings said its subsidiary IIFL Wealth Management has approved conversion of 1.3 crore warrants issued to General Atlantic Singapore into equities.

Kansai Nerolac Ltd: Industrial paints maker Kansai Nerolac said it has completed sale of its land in Chennai to realty firm Brigade Properties for over Rs 535 crore.

ABG Shipyard Ltd: BSE revised the circuit limits for share movement of ABG Shipyard and 18 other companies, as part of its surveillance action.

Bank of India & Central Bank of India: As many as three public sector lenders including Bank of India and Central Bank of India on Tuesday received the approval from the government for capital infusion of up to Rs 2,375 crore.

MEP Infrastructure Developers Ltd: The company has announced that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd has been declared as the Successful Bidder by MORTH (Ministry of Road Transport and Highways] for a project in Maharashtra.