You are here: Home » Markets » News
Business Standard

Rate-sensitive stocks, Tata Motors and Chalet Hotels to hog the limelight

Here's a look at the top stocks that may remain in focus today -

SI Reporter  |  New Delhi 

Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers

All eyes are set on the outcome of the Reserve Bank of India's (RBI) bi-monthly monetary policy meeting, which is slated to be unveiled at 11:45 am today. A rate cut looks dicey but the central bank is expected to change its stance from calibrated tightening to neutral, according to experts.

At 08:13 am, the futures on Singapore Exchange (SGX) traded 28 points or 0.25 per cent lower at 11,077, indicating a tepid start for the Nifty50 index back home.

Here's a look at the top stocks that may remain in focus today -

Earnings today: Over 200 companies are scheduled to release their December quarter earnings later in the day. Some of the notable names include Industries, Abbott India, Suzlon Energy, Tata Motors, SAIL, MRF, HCC, Cadila Healthcare, Coffee Day Enterprises, Adani Enterprises and Adani Green Energy.

Rate-sensitive stocks: Shares of financials, auto and realty sectors are likely to remain in focus today as the RBI will unveil its monetary policy.

Chalet Hotels: It is slated to list its shares on the bourses today. The company's Rs 1,641 crore initial public offering (IPO) was subscribed 1.57 times.

Vodafone Idea: In its second quarterly results after the merger, Vodafone Idea (VIL) posted a net loss of Rs 5,004 crore, which was higher than Street estimates. The telco lost 35 million customers during the quarter. The average revenue per user (Arpu), however, improved.

ADAG stocks: In a fresh contempt plea moved before the Supreme Court, Ericsson India has alleged that the insolvency route taken by Anil Ambani-led Reliance Communications (RCom) has "dishonest intention" intended to frustrate the orders of the court.

Lupin: The drug major reported a surprise loss of Rs 152 crore in December quarter on litigation over blood pressure drug.

Allahabad Bank: The state-run lender posted a net loss of Rs 733 crore for the third quarter of the present financial year, against a net loss of Rs 1,264 crore in the same period of the last financial year.

IT stocks: IT services major Cognizant gave a muted revenue guidance for 2019. It posted $16.13 billion of revenue, up 8.9 per cent year-on-year (YoY) in dollar terms and 8.5 per cent in constant currency terms for the 2018 fiscal year.

Punj Lloyd: The infrastructure company's loss widened to Rs 2,795.06 crore in the third quarter of 2018-19 from Rs 183.9 crore in the year-ago quarter.

First Published: Thu, February 07 2019. 08:20 IST
RECOMMENDED FOR YOU