Top stocks in focus on 13 October 2017 – Economic Times

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

At 8.15 am, Nifty futures trading on SGX were 8 points, or 0.08 per cent, at 10,118, indicating a flat start for NSE Nifty index. Here is a list of top stocks that are likely to be in focus in today’s trading session.

Reliance Industries: India‘s largest company by market value will announce its second-quarter earnings on Friday, they will include the financials of its telecom venture for the first time. With improved realisations in most petroleum products including petrol, diesel and aviation turbine fuel, RIL’s GRM is expected to widen to $12.5 per barrel in the September quarter from $11.9 in the previous quarter.

Bharti Airtel, Tata Teleservices: ​ The Tata Group has agreed to sell its mobile business to Bharti Airtel for free, ending the salt-to-software conglomerate’s long-standing attempts to rid itself of this loss-making venture while bolstering the market share and 4G airwaves capacity of the Sunil Mittal-led company.

TCS: The country’s second-largest software exporter reported 3.2% sequential g rowth to $4,739 million for the September 2017 quarter. The operating margin improved by 170 basis points to 25.1% after hitting the lowest level of 23.3% in the previous quarter since the March 2008 quarter.

Sun Pharma: Drug major Sun Phar maceutical Industries on Thursday said it will increase stake in its subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares.

Monsanto India: US biotechnology major Monsanto’s Indian JV has settled royalty dispute with three Indian cotton seed companies that have cleared payment dues of about Rs 300 crore and the arbitration process is on with five other firms.

NBCC: State-run developer NBCC (India) Ltd may acquire three other government-owned entities to create a mega construction company, in line with the push for consolidation among public sector firms. The three that the NBCC could acquire include Engineering Projects (India) Ltd, Hindustan Prefab and Hospital Services Consultancy Corporation (India) Limited (HSCC).

M&M, ABG Shipyard: Mahindra & Mahindra (M&M), Shapoorji Pallonji Group and Liberty House of the UK are competing to acquire debt-laden ABG Shipyard, as a consortium of lenders led by ICICI Bank increased efforts to sell the company to recover money.

Tata group stocks: Big Tata group companies are readying to channel a significant part of their mandatory charity spend to Tata Trusts. Tata Steel, Tata Motors, Tata Chemicals, Tata Power, Tata Global Beverages and Indian Hotels are in discussions to decide on the quantum of collaboration with Tata Trusts, said these persons.

IT stocks: Industry body Nasscom has shifted the revenue projection for India’s Business Process Management (BPM) sector to $50-$55 billion by 2025 from the present target of $50 billion by 2020.

InterGlobe Aviation, SpiceJet: Locked in a tussle with the Delhi airport over allocation of space, IndiGo has now written to rival low fare carrier SpiceJet requesting the latter to share its domestic operations with Go Air in one terminal while IndiGo takes the other for itself.