Zoid Research providing the list of Top Stocks To Watch with brief explanation.
IT cos:
Infosys, TCS and other IT companies will remain focus after Cognizant reported 11.8% rise in net profit to $444.4 million in the July-September quarter, but cut its annual revenue forecast for the third straight time this year.
Britannia Industries Ltd:
Britannia Industries Ltd., the maker of biscuits, will be in focus after it said on Monday fiscal second-quarter consolidated profit rose 5.8% on higher sales. Group profit increased to Rs 2.33 billion in the three months ended Sept 30 compared to Rs 2.23 billion in the corresponding period a year ago.
CEAT Ltd:
CEAT Ltd., the tyre maker will be in focus after it registered 1.55% rise in consolidated net profit at Rs 1.07 billion for the quarter ended September 30. It had posted a net profit of Rs 1.05 billion in the same quarter last fiscal.
GlaxoSmithKline Consumer Healthcare Ltd:
GlaxoSmithKline Consumer Healthcare Ltd., the drug maker will be in focus after it reported 16.62% decline in standalone net profit at Rs 1.84 billion for the second quarter ended September 30, 2016. It had posted a standalone net profit of Rs 2.20 billion in the same quarter last fiscal.
GIC Housing Finance Ltd:
GIC Housing Finance Ltd., the home lender arm of state run General Insurance Company will be in focus after it said S Gopakumar, general manager with Oriental Insurance Company, has been appointed as managing director of the company. Warendra Sinha resigned as MD and CEO of the company following his elevation as whole time director of National Insurance Company.
ICICI Bank Ltd:
ICICI Bank Ltd., the nation's second largest private sector lender, will be in focus after it said Monday that the net profit for the fiscal second-quarter rose 2.4% on year, beating market expectations, gaining from stake sale in its life insurance unit and on lower tax outgo.
Optiemus Infracom Ltd:
Optiemus Infracom Ltd., will be in focus after it informed bourses that 'BlackBerry Ltd', a Global software leader in securing, connecting and mobilising enterprises, announced a Partnership with the company for distribution of its class leading mobile handsets in India. This is the first time that BlackBerry has signed a distribution agreement of this kind with Optiemus. The partner will distribute and promote BlackBerry-branded devices that use BlackBerry's secure Android software and applications.
Varun Beverages Ltd:
Shares of Varun Beverages will list on bourses on Tuesday. The Rs 11.12 billion IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28.
Wipro Ltd:
Wipro Ltd., the third largest exporter of IT services, will be in focus today after the company launched its Open Banking API (Application Programming Interface) Platform. The Open API platform will enable banks and financial institutions to launch Open Banking initiatives and create new forms of distribution channels and servicing capabilities, provide access to third-party application marketplaces, and comply with emerging regulatory norms through the standardisation of APIs.
Results Today:-
Ashok Leyland, Bharat Forge, Bharat Heavy Electricals Ltd, InterGlobe Aviation, Insecticides (India), KEC International, MRPL, Nesco, PFS and Tata Communication will announce their financial results for the quarter ended September 30, 2016.
IT cos:
Infosys, TCS and other IT companies will remain focus after Cognizant reported 11.8% rise in net profit to $444.4 million in the July-September quarter, but cut its annual revenue forecast for the third straight time this year.
Britannia Industries Ltd:
Britannia Industries Ltd., the maker of biscuits, will be in focus after it said on Monday fiscal second-quarter consolidated profit rose 5.8% on higher sales. Group profit increased to Rs 2.33 billion in the three months ended Sept 30 compared to Rs 2.23 billion in the corresponding period a year ago.
CEAT Ltd:
CEAT Ltd., the tyre maker will be in focus after it registered 1.55% rise in consolidated net profit at Rs 1.07 billion for the quarter ended September 30. It had posted a net profit of Rs 1.05 billion in the same quarter last fiscal.
GlaxoSmithKline Consumer Healthcare Ltd:
GlaxoSmithKline Consumer Healthcare Ltd., the drug maker will be in focus after it reported 16.62% decline in standalone net profit at Rs 1.84 billion for the second quarter ended September 30, 2016. It had posted a standalone net profit of Rs 2.20 billion in the same quarter last fiscal.
GIC Housing Finance Ltd:
GIC Housing Finance Ltd., the home lender arm of state run General Insurance Company will be in focus after it said S Gopakumar, general manager with Oriental Insurance Company, has been appointed as managing director of the company. Warendra Sinha resigned as MD and CEO of the company following his elevation as whole time director of National Insurance Company.
ICICI Bank Ltd:
ICICI Bank Ltd., the nation's second largest private sector lender, will be in focus after it said Monday that the net profit for the fiscal second-quarter rose 2.4% on year, beating market expectations, gaining from stake sale in its life insurance unit and on lower tax outgo.
Optiemus Infracom Ltd:
Optiemus Infracom Ltd., will be in focus after it informed bourses that 'BlackBerry Ltd', a Global software leader in securing, connecting and mobilising enterprises, announced a Partnership with the company for distribution of its class leading mobile handsets in India. This is the first time that BlackBerry has signed a distribution agreement of this kind with Optiemus. The partner will distribute and promote BlackBerry-branded devices that use BlackBerry's secure Android software and applications.
Varun Beverages Ltd:
Shares of Varun Beverages will list on bourses on Tuesday. The Rs 11.12 billion IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28.
Wipro Ltd:
Wipro Ltd., the third largest exporter of IT services, will be in focus today after the company launched its Open Banking API (Application Programming Interface) Platform. The Open API platform will enable banks and financial institutions to launch Open Banking initiatives and create new forms of distribution channels and servicing capabilities, provide access to third-party application marketplaces, and comply with emerging regulatory norms through the standardisation of APIs.
Results Today:-
Ashok Leyland, Bharat Forge, Bharat Heavy Electricals Ltd, InterGlobe Aviation, Insecticides (India), KEC International, MRPL, Nesco, PFS and Tata Communication will announce their financial results for the quarter ended September 30, 2016.
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