Ten stocks in focus in Wednesday morning trade

NEW DELHI: Indian markets are expected to trade higher on Wednesday tracking positive trend seen in other Asian markets.

"Though the overall bias is still on the positive side but we are witnessing some early signs of exhaustion in the Nifty index," says Jayant Manglik, President-retail distribution, Religare Securities Limited.

"In such situation, it's always recommended to book partial profit and keep trailing stop losses with every rise. Also, shift your focus to stock specific bets but strictly avoid overleveraging," he added.

Here is a list of ten stocks which are likely to be in focus today:

JSW Steel Ltd: India's JSW Steel Ltd said on Tuesday it has "put on hold" building a steel plant in eastern India due to uncertainty in sourcing key raw materials such as iron ore and coal.

United Bank of India: In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.

Omaxe Ltd: Realty firm Omaxe said its board has approved the company's proposal to raise up to Rs 500 crore through issue of debt securities.

Jet Airways: Leading stock exchange BSE today revised the permissible daily trading limit for shares of Jet Airways and 19 other companies, as part of a surveillance action.
Tata Motors Ltd: British auto firm Jaguar Land Rover said it has started building its first fully-owned factory outside the United Kingdom in the Brazilian town of Itatiaia, near Rio de Janeiro.

MRF Ltd: Tyre major MRF Ltd has proposed to increase capacity at its eight manufacturing facilities across the country as part of its capital expenditure plan.

JSW Energy & Jaiprakash Associates: Barely weeks after buying out two hydro power projects of JP Power for Rs 9700 crores, Sajjan Jindal is closing in to strike yet another large deal with Manoj Gaur's power company and this time it is for its coal-based power assets.

Ranbaxy Laboratories Ltd: Awaiting a long-pending approval for its merger with Sun Pharmaceutical, drug maker Ranbaxy today said it is in talks with fair trade watchdog CCI with regard to "certain products".

Sahara Group companies: The Supreme Court allowed the Sahara group on Tuesday to sell a property in Choma village near Gurgaon at a price 15 per cent lower than the value estimated earlier, said media reports.