Top 10 stocks to watch in trade today; Infosys in focus

Infosys will release its March quarter earnings later today. CRISIL, Cairn India, Crompton Greaves in focus

Top 10 stocks to watch in trade; Infosys in focus

Mentioned below are some of the stocks that are likely to see some action in trade

Infosys will release its March quarter earnings later today. Brokerages expect the company to post a flat dollar revenue growth and volume growth ranging from 2.5-2.7% sequentially for the March quarter because of cross currency headwinds.

Cairn India is likely to face pressure after it reported a net loss of Rs 1,044 crore in the quarter ended March as lower crude oil prices impacted margins. The company had reported a net profit of Rs 1,755 crore in the same quarter last year.

Jet Airways is likely to gain after the airline retained the second spot, with 25.4 per cent share in March.

MRF may extend gains after the tyre major reported a 94.66% jump in its standalone net profit at Rs 332.62 crore for the quarter ended March 31 on account of lower expenses.

CRISIL may see some action as the board would meet next Tuesday to consider  buyback programme.  

Gujarat Gas will be in focus after the Competition Commission on Thursday dismissed Saint Gobain complaint against the company alleging unfair business practices with respect to supply of natural gas to industrial customers in certain districts of Gujarat. Meanwhile, consolidated net profit after taxes and minority interest sttod at Rs. 63 crore for the Quarter ended March 31, 2015 compare with Rs. 49 crore in the same quarter last year.

SpiceJet may see some pressure on reports that Subramanian Swamy has written to the Prime Minister over stake sale in the airline by Maran brothers to Ajay Singh.

Amtek India's board has approved raising of up to Rs 600 crore by issue of redeemable non-convertible debentures.

M&M Financial Services will react after it consolidated net profit rose 9% to Rs 367 crore during the quarter ended March 31, 2015, compared with the corresponding quarter last year. The company is also eyeing equity participation of up to 50% in the proposed payments bank to be promoted by Tech Mahindra.

Crompton Greaves will see some action after the company today said that Avantha Holdings Limited, one of the entities of the promoter group, is likely to sell a portion of its shareholding in the Company which will house the demerged Consumer business of the Company,

Siemens, Steel Strips & Wheels, Hinduja Ventures, Supreme Industries and Indiabulls Housing Finance will see some action ahead of their March quarter earnings due for release later today.

MARKET WATCH

Markets are likely to edge higher amid firm Asian cues and robust overnight gains in US stocks. The Nasdaq ended at an all-time high led by technology stocks at 5,056.06, the Dow Jones ended up 20 points at 18,058.69 and the S&P 500 ended up 5 points at 2,112.93. Asian shares were also trading higher tracking gains on the Nasdaq.