Twelve stocks in focus in Monday morning trade

NEW DELHI: Indian markets are expected to trade in a range on Monday, tracking muted trend seen in other Asian markets and SGX Nifty.

Technically, Nifty has continued to show pattern of range bound movement. Improving performance of smallcap and midcap stocks as well as stable market breadth indicates that

Nifty may test higher levels of 8140-8150 in coming days, LKP said in a report.

"However, 8200 is likely to act as resistance zone where as 8000 continues to remain strong support for the index," added the report.

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

Tata Motors Ltd: Tata Motors signed Bonus and Permanency Agreement with Telco Workers Union here.

Tata Steel Ltd: Tata Steel is setting up a 55,000 tonne per annum (TPA) ferro chrome plant at Gopalpur in Ganjam district of Odisha and its first unit is expected to start operations by March 2015.

Hero MotoCorp Ltd: Hero MotoCorp is upbeat as the festival season begins, as the world's number one two-wheeler maker by volume expects the typically strong period to be even better this year, as consumer sentiment improves with a turnaround in the economy.

Reliance Industries Ltd: Ahead of the launch of its mobile phone services, Reliance Industries has increased its stake in Reliance Jio to almost 99 per cent.

ICICI Bank Ltd: The private sector bank has raised $ 500 million (about Rs 3,000 crore) from overseas markets by selling its bonds to fund foreign expansion plans.

LIC Housing Finance Ltd: The housing finance company has set a target of generating total business of Rs 33,000 crore in the current financial year, up by 22 per cent over the same period last year, a top official said today.

JSW Steel Ltd: Sajjan Jindal-owned JSW Steel is in the final stages of negotiations to buy 'part' of bankrupt Italian steelmaker Lucchini. Lucchini is also reported to have received a binding offer from JSW Steel for its core assets in Piombino and is considering the offer.

Pfizer & Ranbay Ltd: Pfizer Inc and Ranbaxy Laboratories Ltd on Friday won dismissal of an antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the cholesterol drug Lipitor, the best-selling drug in history.

Fortis Healthcare Ltd: Fortis Healthcare Ltd has sold its Singapore-based diagnostics business RadLink-Asia Pte Ltd for Singapore $137 million, or Rs.660 crore at current exchange rates. This follows its decision to focus on India, leading to a string of stake sales in overseas investments, said media reports.

IDFC Ltd: Domestic institutional investors on Thursday lapped up infrastructure financier IDFC Ltd's Rs 1,000-crore qualified institutional placement (QIP).

Zydus Cadila Ltd: Homegrown drug major Zydus Cadila has set a target of clocking a consolidated turnover of over Rs 10,000 crore by FY'16.