Ten stocks in focus in Wednesday morning trade

MUMBAI: The Indian markets were rangebound in absence of cues from global peers and disappointing macro data.

CPI inflation in July has gone up to 9.36 per cent as compared to 8.05 per cent in June. The vegetable prices soared to 16.88 per cent as compared to 8.73 per cent in June.

India’s IIP in June slipped to 3.4 per cent vs 4.7 per cent in May.

“The data coming in as of yesterday is not really encouraging. Industrial production data for June was lower than what the market had anticipated. Factory output growth remained in positive territory though for the third consecutive month in June,” said IIFL report.

“The outlook is a flat to weak start. The global markets are flat to positive and offer no clear trend for now. Market will speculate on what Prime Minister Narendra Modi's big announcements will be in his maiden Independence Day address,” the report added.
Following are stocks that are likely to be in action in trade today:

Unitech: In a new twist to the alleged irregular allotment of 2G spectrum, the CBI on Tuesday informed the Supreme Court that it was investigating the allegation that Unitech got spectrum in 2008 during A Raja's tenure as telecom minister by hiding the fact that it was a front for the Tata group.

Tata Motors: The company has launched its first new car ‘Zest’ after a long gap of 5 years. The petrol version of compact sedan is priced aggressively at Rs 4.64 lakh.

Hero MotoCorp: It is in talks with workers at its Gurgaon spare parts facility to enable smooth transition of the operations to its upcoming Neemrana facility in Rajasthan.

Reports suggest around 400 workers have refused to shift to the Neemrana facility, while some have opted to join the main plant in Guragon.

Britannia: The company wants to beat Parle to attain the numero uno spot in the next three years. The company has lined up new launches in the coming quarters and a capex budget of Rs 150-200 crore for the next two years.

Bank of Baroda: Further FII investment in Bank of Baroda needs RBI approval.

Natco Pharma: The company is considering issue of shares to promoters on preferential basis.

FTIL: It has appointed bankers to sell stake in IEX. The company consider IPO for IEX to sell stake.

Radico Khaitan: The company reported Q1 net profit at Rs 16.6 crore, down 26.3 per cent, as compared to Rs 22.5 crore in year-ago period. Q1 sales increased to Rs 361 crore, up 3.6 per cent, from Rs 348.4 crore, in year-ago period.

Essar Oil: The company reported net profit of Rs 684 crore for quarter ended June as compared to net loss of Rs 863 crore, in year-ago period. Gross sales for the quarter increased to Rs 27320 crore, up 10.5 per cent, from Rs 24,720 crore, a year ago.

Indian Oil Corporation: Country’s largest oil company, reported a net profit of Rs 2,523 crore for the June quarter as against a loss of Rs 3,093.23 crore for the same period last year as it received subsidies from the Centre and upstream oil companies.