Here is a list of Top Ten stocks that are likely to be in focus today:
TCS: TCS is likely to report 0.2 per cent quarter-on-quarter (QoQ) fall in net profit for the quarter ended September 30 on Thursday, 13 October to Rs 6,302.2 crores, according to a poll conducted by ETNow. The IT major reported a profit of Rs 6317 crores in the previous quarter.
Indus Ind Bank: Private lender IndusInd Bank on Wednesday reported a 25.75 per cent YoY surge in net profit to Rs 704.26 crores for the quarter ended September 30.
Dr. Reddy’s Laboratories: Pharma major Dr. Reddy’s Laboratories has launched Lamotrigine Orally Disintegrating Tablets in the US market following an approval by the US Food & Drug Administration (USFDA).
Gruh Finance: Gruh Finance reported 19.9 per cent YoY growth in the net profit for the quarter ended September 30 to Rs 62 crore compared with Rs 51.7 crore reported in the year-ago period.
Bharti Airtel: Telecom major Bharti Airtel’s debt will increase by $2 billion (over Rs 13,300 crore) due to the recent spectrum purchase but cash flows from operations and monetisation activities are likely to reduce this level in next 6-12 months, Moody’s Investors Service said.
Bajaj Electricals: Bajaj Electricals said it has decided to shut down from this week its bulbs and tube lights manufacturing unit at Kosi in UP, which originally belonged to a sick company registered with BIFR, citing “not even a remote chance” of improving operations.
Piramal Enterprises: Piramal Enterprises has agreed to acquire five injectable anesthesia and pain management products of Janssen Pharmaceutica for about $175 million or Rs 1,164 crore.
Cipla: The US Food and Drug Administration (US FDA) has cleared Cipla Ltd’s manufacturing facility at Indore’s special economic zone (SEZ) of manufacturing practice violations that it had observed during an inspection in July-August 2015
GAIL India: GAIL India, the nation’s biggest gas marketer, has placed orders for laying work of a 345-km section of the Jagadishpur-Haldia-Bokaro-Dhamra gas pipeline, helping expedite the Rs 13,000-crore project.
ONGC: ONGC Videsh Ltd (OVL) will raise a bridge loan of close to $900 million overseas to fund the acquisition of an additional 11 per cent stake in Russia’s Vankor oilfield.