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    Stocks in focus on April 19, 2018

    Synopsis

    Here is a list of top stocks that are likely to be in focus in today's trading session.

    Brokers-2-bccl
    NEW DELHI: The domestic equity market is likely to open on a positive note on Thursday, tracking Nifty on Singapore Stock Exchange (SGX) and strong global cues. At 08:24 am, the Nifty futures of Singapore Stock Exchange (SGX) were trading 34 points or 0.32 per cent higher at 10,588.50.

    Here is a list of top stocks that are likely to be in focus in today's trading session:

    TCS: IT bellwether TCS is all set to release its March quarter earnings. The company is expected to see 1.3 per cent revenue growth in constant-currency (c/c) terms and cross-currency tailwind of 130 bps. PAT is expected to grow 2.5 per cent sequentially. The stock ended flat with a negative bias on Wednesday at Rs 3,159.50 on BSE, down 0.20 per cent.

    Mindtree: Mid-tier IT firm Mindtree’s fourth quarter profit grew 87.5 per cent to Rs 182.2 crore and revenue by 11.1 per cent to Rs 1,464 crore, as it saw better digital deal wins from clients. The profits increased due to a one-time benefit, as it wrote off money that was payable to erstwhile promoters of three firms -- Bluefin Solutions, Relational Solutions and Magnet 360 LLC -- of Rs 91.6 crore.

    IndusInd Bank: IndusInd Bank is likely to report a double-digit rise in net profit with stable margins for the fourth quarter ended March 2018. The private sector lender will announce its financial results on Thursday. The stock on Wednesday settled 1.23 per cent lower at Rs 1,844.65 apiece on BSE.

    Lanco Infratech, ABG Shipyard and Alok Industries: Top officials at leading banks fear that the insolvency resolution process at three companies with dues of about Rs 1 lakh crore is likely to fail, leading inevitably to liquidation. Lenders are unwilling to accept offers for Lanco Infratech, ABG Shipyard and Alok Industries that involve substantial haircuts over concerns that such deals will lead to investigations and harassment later on and because the bids are close to the liquidation value anyway, said the three executives.

    ACC: Cement and ready mixed concrete manufacturer ACC on Wednesday reported an increase of 18.48 per cent in its consolidated net profit for the quarter ended March 31, 2018. According to the company, its net profit during the quarter under review rose to Rs 250 crore from Rs 211 crore reported for the corresponding period of the previous fiscal.

    HDFC Life: The life insurance company reported a 40 per cent jump in net profit in the fourth quarter of the financial year ending March 31, 2018. During the period, the company reported profit after tax (PAT) of Rs 346.86 crore as against Rs 247.04 crore in the corresponding quarter of 2016-17. The company paid an interim dividend of Rs 1.36 a share.

    Kirloskar Oil: Blackstone, the world’s biggest private equity fund, has emerged the frontrunner to buy Kirloskar Oil Engines, the listed flagship company of the $3.5-billion Kirloskar Group that is in the middle of an escalating family feud, multiple people familiar with the development said. Promoters own 59.33 per cent of Kirloskar Oil Engines (KOEL) that has a market cap of Rs 4,947 crore at present. Pulak Prasad’s Nalanda Capital, with 9.61 per cent stake, is the second-largest shareholder in the company that makes diesel engines, agricultural pump sets and generating sets.

    Fortis Healthcare: Radiant Lifecare, the emerging Mumbai-based hospital chain that is backed by buyout firm KKR, is set to submit its bid for Fortis Healthcare, the cash-strapped hospital network that is in the middle of a fiercely contested bidding war. While the finer contours of the offer is not known, top industry officials noted that Radiant’s bid will give fair competition to the existing suitors.

    Reliance Communications: Reliance Communications won’t be able to sell its fibre and towers till at least April 23 after the National Company Law Appellate Tribunal (NCLAT) on Wednesday recalled its April 6 order that allowed the sale, dealing a blow to the Anil Ambani-owned operator. The insolvency tribunal thought it was better to recall the order it had passed earlier since the Supreme Court on Monday had stayed the sale of assets — housed under Reliance Infratel — after HSBC Daisy Investments moved court, till NCLAT decides on the matter.

    FMCG stocks: Consumer-facing companies are getting jittery as the cash crunch this year across four states heading for assembly elections, and several surrounding ones, could derail the just recovering buoyancy after the twin blows of demonetisation and GST implementation. Since FMCG consumption is directly dependent on cash velocity, it is directly impacted.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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