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Top stocks in focus on Thursday, 3 August 2017

Image result for Top stocks in focus on Thursday, 3 August 2017Here is a list of top stocks that are likely to be in focus in today’s session.

NEW DELHI: Domestic equity markets are likely to open on a negative note on Thursday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

At 8.10 am, Nifty50 futures on the Singapore Stock Exchange were trading 31.50 points lower at 10,056, indicating a positive opening for the domestic market.

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

IOCBSE 4.60 %, Titan: OMC Indian OilBSE 4.60 %, construction firm Jindal SAWBSE -10.51 %, IT firm Majesco, HFC PNBBSE -5.98 % Housing, cement maker The Ramco CementsBSE -1.59 %, watchmaker TitanBSE 0.84 % and bags maker VIP IndustriesBSE 3.97 % are some of the companies, which will report their quarterly results today.

Larsen & Toubro: Larsen & Toubro has bagged an order worth Rs 3,375 crore to build a metro rail project for the government of Mauritius, the $17-billion engineering major said on Wednesday .
L&T has been upbeat about metro rail projects and is executing such ventures in Riyadh, Doha and 17 other locations in India.

RCom: The National Company Law Tribunal (NCLT) is expected to take a call on whether to admit Reliance Communications’ merger proposal with Aircel on Thursday even as the telecom department suggested that the proposed partners should first get clearance from the Supreme Court.

Wipro: India’s third-largest software exporter WiproBSE 0.03 % today said it has invested an undisclosed sum in a software testing company, Tricentis. The investment was made through WiproBSE -1.60 % Ventures, the strategic investment arm of the company, as part of their (Tricentis) most recent funding round, Wipro said in a statement.

Karnataka Bank: Karnataka BankBSE -2.29 % has raised interest rates on savings bank account for large balance above Rs 1 crore to 5% while for small balances below Rs 1 lakh, the bank has reduced it to 3%. Earlier the private bank was charging 4% irrespective of the amount in the account.

UCO Bank: Net Loss of UCO Bank reported to Rs 663.02 crore in the quarter ended June 30 as against net loss of Rs 440.56 crore during the previous quarter ended June 2016.

Emami: MCG major Emami Ltd today reported 98.16 per cent drop in consolidated net profit at Rs 1.04 crore for first quarter ended June 30, hit by destocking ahead of GST implementation in domestic market and overseas inventory correction.

KEC International: Net profit of KEC InternationalBSE 1.62 % rose 112.52 per cent to Rs 63.16 crore in the quarter ended June 2017 as against Rs 29.72 crore during the previous quarter ended June 2016. Sales rose 14.27 per cent to Rs 1706.12 crore in the quarter ended June 2017 as against Rs 1493.08 crore during the previous quarter ended June 2016.

EdelweissBSE 5.17 % Financial: Edelweiss Financial ServicesBSE 5.17 %reported a 40.5 per cent jump in its consolidated net profit at Rs 196.3 crore for the first quarter ended June. The company’s net profit in the corresponding quarter of 2016-17 had stood at Rs 139.68 crore.

Axis Bank: The lender has issued Senior Fixed Rate Bonds aggregating to $500 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

MagmaBSE 1.06 % Fincorp: Net profit of Magma FincorpBSE 1.06 % declined 3.69 per cent to Rs 45.15 crore in the quarter ended June 2017 as against Rs 46.88 crore during the previous quarter ended June 2016.

Mahindra Holidays: Net profit of Mahindra HolidaysBSE -2.54 % & Resorts India rose 6.94 per cent to Rs 32.34 crore in the quarter ended June 2017 as against Rs 30.24 crore during the previous quarter ended June 2016.

[“Source-economictimes”]

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Loknath Das

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