SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Top Stocks to be Focused for 20 March 2017

Top Stocks to be Focused for 20 March 2017

IT stocks: Major IT stocks will be on investor radar on Monday after reports that Cognizant may cut at least 6,000 jobs, which represents 2.3% of its total workforce, as it struggles with growth in an IT environment that is fast shifting towards new digital services. The layoffs are likely to be more this year than the routine annual exercise.

Infosys: The IT giant has decided not to apply for H-1B visas for junior employees, three sources with knowledge of the matter told ET, as the IT company comes to terms with the prospect of a tougher regulations governing the work visas. Indian IT firms have long been dependent on the work visa, but a rising tide of protectionism means they are beginning to adjust their business models to reduce their reliance on the visa.

Grasim: The stock of Grasim IndustriesBSE 0.65 %, with interests in businesses as diverse as cement and textiles, still has significant upside potential, as the share price reflects a steep holding company discount despite receding concerns over the dilution of value stemming from the likely merger of Idea CellularBSE 2.69 % with Vodafone. With the minority shareholders of Grasim and Aditya Birla NuvoBSE 0.78 % (ABN) voting until April 5 on the proposed merger of the two companies, the stock market is bracing for a positive outcome.

Maruti Suzuki: The carmaker is drawing up an aggressive strategy for another year of double-digit growth in the domestic market. It is set to bid the current financial year adieu with a growth rate of about 11 per cent in domestic sales on the back of products like Baleno and Brezza.

SBI: The government is expected to give final approval to the merger of Bharatiya Mahila Bank with the country’s largest lender SBI within three months. The Cabinet last month approved amalgamation of five associates of SBI with the parent but the merger of Bharatiya Mahila Bank (BMB) was not considered due to some issues, sources said.

Aviation stocks: Domestic air traffic rose 15.7 per cent in February, ending thirteen months of 20 per cent plus growth. Domestic airlines flew 8.6 million people last month compared to 7.4 million in February 2016, a leap year. Analysts said demand remained intact and slower growth last month was not a cause of concern.

Adani Group stocks: The Adani Group plans to begin extracting coal from the $16.5-billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, chairman of the group, said on Friday.

Ashok Leyland: The commercial vehicle major is planning to set up a new facility in Jharkhand. This will be the first investment from a major automobile company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

MTNL: BSNL CMD Anupam Shrivastava said the merger of BSNL andMTNL will be “advantageous” for both the state-owned telecom firms but issues pertaining to debt and salary structure will need to be sorted out first. A parliamentary panel report has pointed out that the telecom department is planning to place the merger proposal before the cabinet by June.

2
 
error: Content is protected !!