Interest rate sensitive stocks in focus ahead of RBI's rate decision

Shares from interest rate sensitive auto, banking and realty sectors will be in focus ahead of the Reserve Bank of India's (RBI) monetary policy decision today, 7 February 2018.

The Reserve Bank of India's (RBI) two-day Monetary Policy Committee (MPC) meeting concludes later in the day today, 7 February 2018 for the sixth bi-monthly monetary policy statement for 2017-18. The central bank is likely to keep its policy rate on hold, but could toughen its warnings against inflation. The MPC is expected to tilt towards a hawkish tone from its neutral tone following higher fiscal targets, oil price increases and higher minimum support prices (MSP) for crops.

Hero MotoCorp's net profit rose 4.3% to Rs 805.43 crore on 14.8% growth in net sales to Rs 7305.49 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 6 February 2018.

Hero MotoCorp's chairman, managing director and chief executive officer, Pawan Munjal, said that the company grew on all key performance parameters including revenue, PAT and earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter, bucking the severe headwinds on the commodities front. With an enhanced focus on the premium segment and scooters, the company is confident of carrying the growth momentum forward, Munjal added.

Aurobindo Pharma, Cipla and Eicher Motors are scheduled to announce October-December 2017 quarterly results today, 7 February 2018.

Canara Bank said that the board of the bank has decided to raise capital by issue of equity shares in favour of Government of India, on preferential allotment up to such number at a premium to be determined as per the SEBI (ICDR) Regulations, 2009 aggregating to a total issue price of Rs 4865 crore. The announcement was made after market hours yesterday, 6 February 2018.

Max Financial Services said that the board of directors of the company will on 9 February 2018, shall also consider a proposal for raising of funds for the purpose of making investments in its subsidiary Max Life Insurance Company (Max Life) to pursue inorganic growth opportunities for Max Life. The announcement was made after market hours yesterday, 6 February 2018.

K E C International's consolidated net profit rose 78.55% to Rs 111.77 crore on 25.95% rise in total income to Rs 2417.25 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 6 February 2018. KEC International has secured new orders of Rs 2035 crore across its businesses.

Orient Press announced that its Noida unit has commenced commercial production of flexible packaging material from 5 February 2018. The announcement was made after market hours yesterday, 6 February 2018.

Bajaj Electricals announced that its engineering & project business unit bagged a power distribution project worth $4.12 million, under Lusaka Transmission Distribution Rehabilitation Project (LTDRP) funded by World Bank & European Investment Bank. The announcement was made after market hours yesterday, 6 February 2018.

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