Stocks in focus: South Indian Bank, PCJ, HDFC Bank among most traded stocks

10.38 am | PSU stocks fall; OBC, IDBI Bank, Andhra Bank top losers in the sectoral pack

Most PSU bank stocks were suffering losses in morning session of Monday's trade. The Nifty PSU Bank index was trading 0.19 per cent down at 2,797 around 10:25 am with all components in the red.

10.00 | Buzzing stocks: South Indian Bank, Adani Power, Bajaj Finance, HDFC Bank


South Indian Bank was leading the pack of most traded stocks on NSE in morning trade on Monday. By 9:50 am, over 2.43 crore shares of the company had changed hands. It was followed by, Adani Power (number of shares traded: 1.58 crore), PC Jeweller (1.58 crore), Ashok Leyland (0.66 crore), Reliance Communications (0.66 crore) and ITC (0.53 crore).

Here's a list of stocks that may hog limelight in today's session -

UPL: The company's unit UPL Corporation has signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc. and its subsidiaries for approximately $4.2 billion in cash consideration.

HDFC Bank: The private sector lender reported an 18.17 per cent year-on-year (YoY) growth in net profit at Rs 4,601.44 crore for the quarter ended June. The growth in profit turned out to be the slowest in six quarters.

MCX: Leading commodity bourse MCX on Friday posted over 72 per cent fall in its consolidated net profit at Rs 7.33 crore during the first quarter of the 2018-19 fiscal.

GST-linked stocks: The GST Council has lowered indirect tax slab on products such as paints, leather goods, bamboo flooring, stoves, televisions and washing machines from the highest rate of 28 per cent to mostly 18 per cent.

Reliance Power: The company has posted about three per cent increase in its consolidated net profit at Rs 237.33 crore in the quarter ended on June 30, 2018.

Earnings today: ACC, Hindustan Zinc, ICICI Securities and Delta Corp, will be some of the companies that will report their June quarter results on Monday. Vijaya Bank, V-Mart, Indiabulls Ventures, Rane Engine Valve, L&T Technologies and Omax Autos will also report their first quarter numbers during the day.

JMC Projects: JMC Projects has won orders worth Rs 560 crore.

Just Dial: The company's board has approved buyback of shares up to Rs 220 crore.

Wipro: Wipro's net profit rose 16.27 per cent to Rs 2,093.80 crore on 1.52 per cent increase in net sales to Rs 13,977.70 crore in Q1 June 2018 over Q4 March 2018.

Bata India: Bata India's net profit rose 36.6 per cent to Rs 82.55 crore on 8.3 per cent increase in net sales to Rs 797.28 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours on Friday, 20 July 2018.

Jubilant FoodWorks: According to a report by Capital Market, it has received a copy of the investigation report submitted by the Director General Anti Profiteering (DG) to the National Anti-Profiteering Authority (NAA) in respect of the investigation carried out by DG that the company has profiteered by not passing on the reduction in GST.

Corporation Bank: The bank's board has approved the proposal to raise capital through preferential allotment of equity shares to the Government of India to the extent of Rs 2,555 crore.

Cadila Healthcare: The pharma company has received the final approval from the US Food and Drug Administration (USFDA) to market Acetylcysteine injection (US RLD - Acetadote Injection), 6 g/30 mL (200 mg/mL).