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Top Ten Stocks to be Focused for 21 July 2016

Top Ten Stocks to be Focused for 21 July 2016

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

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

ITC: The FMCG major is expected to report 9.9 per cent YoY growth in net profit for the quarter ended June 30 to Rs 2,490 crore compared to Rs 2,265 crore reported in the year-ago period, said the ET Now poll.

Infosys: India’s second largest software exporter Infosys has witnessed another high-level exit, as global immigration head Vasudeva Nayak put in his papers on Wednesday, marking at least the third top-rung departure after company veterans Samson David and Anup Uppadhayay also quit in quick succession over the past week.

Ashok Leyland: The company is expected to report 24 per cent year-on-year (YoY) growth in net profit to Rs 197 crore for the quarter ended June 30, compared to Rs 159.30 crore reported in the year-ago period.

ABB India: The company is expected to report 30 per cent YoY growth for the quarter ended June 30 to Rs 75 crore compared to Rs 57.50 crore reported in the year-ago period, said the ET Now Poll.

Wipro: India’s third largest software exporter WiproBSE 0.45 % bought back shares worth Rs. 1963 crore from two trusts owned by the company’s billionaire chairman Azim H Premji, as part of the company’s share repurchase program earlier in June, according to a regulatory filing.

L&T Infotech: L&T Infotech which recently concluded its Rs 1,243-crore IPO, will make its stock market debut on Thursday. L&T Infotech, which recently concluded its Rs 1,243-crore IPO, will make its stock market debut.

Bharat Financial: SKS Microfinance renamed itself as Bharat Financial inclusion in the month of June is expected to report 107 per cent YoY growth in net profit to Rs 127 crore for the quarter ended June, compared to Rs 61 crore reported in the year-ago period, said an ET Now Poll.

HPCL: State-run Hindustan PetroleumBSE 5.02 % Corp. Ltd (HPCL) will issue bonus shares or two free shares for every one held by its shareholders, the company said in an announcement to BSE Ltd on Wednesday.

Dewan Housing Finance: Dewan Housing reported a net profit growth of 16.23 per cent aided by demand for housing loans in semi urban areas.

Lakshmi Vilas Bank: The bank posted a rise of over 50 per cent in net profit at Rs 60.68 crore for the quarter ended June.

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