The Indian market is expected to open flat on Monday tracking muted trend seen in other Asian markets.
Here is a list of top ten stocks that are likely to be in focus today:
Infosys: India’s second largest software exporter reported numbers which were slightly ahead of market expectation but surprised the D-Street investors with a robust dollar revenue forecast of 11.8-13.8 per cent for fiscal 2016-17.
TCS: Tata Consultancy Services, India’s largest outsourcing IT firm, is expected to report 2.67 per cent quarter-on-quarter (QoQ) rise in net profit to Rs 6273.4 crore for the quarter ended March 31, compared to Rs 6,110 crore reported in the year-ago period.
Maruti SuzukiBSE -0.60 % India Ltd: Maruti is budgeting for a total output of 1.55 million to 1.57 million units, with it planning for a 9% increase in production and about 10-11% growth in domestic sales in the fiscal year that began this month, several vendors who have been informed of the company’s plans told ET.
Suzlon: Suzlon Energy said Thursday it has repaid in cash foreign currency convertible bonds worth Rs 28.8 million in principal along with 8.7 per cent redemption premium for bonds maturing this month.
Jaiprakash Associates: Jaiprakash Associates (JAL) and Jaypee Infra are offering land parcels of around 2,200 acres to banks in a bid to buy peace with lenders and settle most of its loans.
NHPC Ltd: NHPC has announced that TLDP-III (4 X 33) MW Power Station in West Bengal shall be complete shutdown w.e.f. April 13, 2016 to April 14, 2016 for replacement work of ‘R’ phase circuit breaker of Unit number 2 in GIS.
L&T Finance Holdings: L&T Finance is combining its wealth advisory business for the ‘super rich’ and the ‘not so rich’ into one as it looks to reduce costs, a process in which about 40 people may lose their jobs,
Canara Bank: Public lender Canara Bank plans to raise up to Rs 3,000 crore from bonds to augment capital base and fund growth.
PSU Banks: Ratings agency Moody’s said asset quality of the 11 rated PSU banks may face further stress as restructured loans may eventually turn into NPAs. IOB, Central Bank of India, IDBI Bank are more vulnerable to further asset quality stress.
DCB Bank: Private sector DCB Bank’s fourth quarter net profit increased 10 per cent to Rs 70 crore from Rs 63 crore mainly due to demand for loans from small and medium enterprises and individuals to buy homes and agriculture linked loans.