List of today's top indian stocks are to watch, earn money on investing profitable stocks with expert's stock tips.
Lenders:
State Bank of India, IDBI Bank, ICICI Bank Ltd, Yes Bank Ltd, IndusInd Bank Ltd, will be in focus after a consortium of lenders led by ICICI Bank would be able to write back Rs 30 billion of provisioning they had made against bad loans after UltraTech Cement completed the takeover of Jaiprakash Associates' cement business just a day before the end of the quarterly accounting period.
Real estate cos:
DLF Ltd., Indiabulls Real estate Ltd., other real estate developer will be in focus after the government hiked the GST rate for the construction sector to 18% from 12%, but removed land value from computation of tax liability.
Telecom cos:
Bharti Airtel Ltd., Idea Cellular Ltd., Reliance Communications Ltd., other telecom service providers, will be in focus on intense competition and pricing pressure that will continue to take a toll on the telecom sector with industry revenue expected to plunge by another 6% during the current financial year.
Aditya Birla Nuvo Ltd:
Aditya Birla Nuvo Ltd, a business & trade service provider, will be in focus after Azim Premji led Premji Invest, a private equity firm, invested an estimated Rs 7 billion picking up a 2.2% stake in Aditya Birla Capital, a wholly-owned subsidiary of Aditya Birla Nuvo.
Ashok Leyland Ltd:
Ashok Leyland Ltd, India's second largest commercial vehicle maker, will be in focus on plans to expand of its commercial vehicle business. The auto maker plans to introduce a slew of product.
Bank of Baroda Ltd:
Bank of Baroda Ltd, a state-owned lender, will be in focus after Nomura, a brokerage firm upgraded the lender to 'Buy' with a target price of Rs 200.
IndiGo Ltd:
IndiGo Ltd, the largest passenger carrier, will be in focus on talks to passwrites to aviation minister with 2 options for Air India. IndiGo showed interest in buying Air India's international operations or domestic operations as well.
ITC Ltd:
ITC Ltd, the cigarette maker, will be in focus after the company raced past Hindustan Unilever four years in the overall foods business. The cigarette company evidenced its makeover into a diversified group through double-digit growth in the consumer foods business, which crossed the Rs 80 billion revenue mark in the fiscal ending March 2017.
Kesoram Industries Ltd:
Kesoram Industries Ltd, a part of the BK Birla Group, will be in focus after it revealed its plan to increase industrial footprint in the eastern region of the country after the buy-back of spun pipe and the heavy chemicals businesses from Camden Industries Ltd.
Reliance Communications Ltd:
Reliance Communications Ltd., the Anil Ambani led telecommunications service provider, will be in focus as it seeks to give up spectrum worth Rs 3.4 billion.
UltraTech and Jaiprakash Associates Ltd:
UltraTech and Jaiprakash Associates Ltd, largest cement maker, will be in focus after UltraTech Cement has completed the Rs 161.89 billion acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
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