Fifteen stocks in focus on Monday, 22 August 2016

NEW DELHI: The Indian market is expected to open flat on Monday tracking mixed trend seen in other Asian markets.

"Technically, the Nifty50 index formed a 'Hanging Man' pattern on the daily charts and we see also notice significant malaise in overall volume action," Nikhil Kamath, Co-Founder & Director, Zerodha told ETMarkets.com.

"These with the intraday volatility we have witnessed over the last week suggest a wait and watch approach. We would not advise allocating additional exposure to equities at this juncture," he added.

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

Banking stocks will be in focus after the Appointments Committee of the Cabinet ( ACC) on late Saturday announced the appointment of Reserve Bank of India Deputy Governor Urijit Patel as successor to Governor Raghuram Rajan.

United Bank of India: The government will infuse Rs 608 crore in state run United Bank of India soon subscribing to
the bank's shares at Rs 22.73 including Rs 12.73 premium per share.

Cairn India: Vedanta Ltd's chief executive said the diversified Indian miner received "constructive feedback" from minority shareholders in Cairn India Ltd to a sweetened buyout offer, and was hopeful it can clinch the long-delayed deal.

M&M: Mahindra & Mahindra (M&M) is said to have begun working on what is being pegged as the most affordable electric SUV in the world through its Mahindra Electric unit, formerly known as Mahindra Reva.

NTPC: The company is expected to report 6 per cent YoY growth in the net profit to Rs 2,270 crore for the quarter ended June 30, compared with Rs 2,135 crore reported in the year-ago period.

Fortis Healthcare: Fortis Healthcare Limited announced that its board has approved demerger of its diagnostic business into listed subsidiary Fortis Malar Hospitals through a composite scheme of arrangement and amalgamation.

IOCL: A Centre's green panel has deferred its decision on granting environment clearance to state-run Indian Oil Corporation's Rs 593 crore Styrene and Ethylene project at Panipat in Haryana, for want of more information.

Godrej Group stocks: The Godrej Group is focusing on the inorganic growth route and feels it is a good time to go for more acquisitions, Chairman Adi Godrej said here.

Ranbaxy Laboratories: Sun Pharma seems to have completed the last leg of its massive manpower restructuring post its $3.2-billion acquisition of Ranbaxy Laboratories, with four senior executives exiting the company over the last two months.

Oberoi Realty: The company reported 33.1 per cent YoY jump in the net profit to Rs 109 crore for the quarter ended June 30 compared with 81.9 crore reported in the year-ago period.

Corporation Bank: Corporation Bank seeks members' nod to issue equity shares on preferential basis to the government of India to the tune of Rs 508 crore.

Power Grid: The Power Grid Corporation on Friday said its board has approved three investment proposals worth Rs 733.32 crore for power transmission related projects.

Claris Lifesciences: Drug firm Claris Lifesciences reported a 14.3 per cent increase in its consolidated net profit at Rs 22 crore for the first quarter ended June 2016.

DB Corp: ET NOW learns that Tata Power is in talks with Bhopal headquartered leading print media company DB Corp for a potential buyout of the promoter owned power generation arm Diligent Power, according to four individuals familiar with ongoing negotiations.

Sun TV: The company reported 18.3 per cent YoY growth in the net profit to Rs 233 crore for the quarter ended June 30 compared with 197 crore reported in the year-ago period.

Ujjivan Financial Services: The company submitted an application to RBI for a small finance bank licence for its subsidiary.

Cosmo Films: Cosmo Films' wholly owned subsidiary - CF Global Holding Mauritius, has filed a petition for liquidation of its wholly owned entity namely Cosmo Films (Netherlands) Cooperatief U.A, said a media report.