Stocks in focus: Cadila, Hindalco among stocks at 52-week lows

10.35 am | Over 250 stocks defy positive market mood, hit 52-week lows on NSE
Over 250 stocks, including Apollo Micro Systems, Cadila Healthcare, Dollar Industries, HDIL and Hindalco Industries hit 52-week lows on NSE in Friday's session. (Read more)

10.00 | Market mood positive; Sterlite Technologies, Ashok Leyland rise
Shares of Sterlite Technologies (up 6.51 per cent) and Mold-Tek Packaging (up 5.83 per cent) surged up to 6 per cent on NSE during morning trade on Friday in a positive market. (Read more)


9.50 am | Buzzing stocks: Ashok Leyland, PC Jeweller, RIL, Bajaj Finance

Ashok Leyland with over 1.16 crore shares changing hands, was leading the pack of most traded stocks on NSE early Friday. It was followed by PC Jeweller (Rs 0.87 crore), Adani Power (0.85 crore), Jaiprakash Associates (0.72 crore) and Jain Irrigation (0.43 crore).

Here is a list of top stocks that are likely to be in focus in today's trading session:

Wipro, Bajaj Auto: Wipro, Bajaj Auto, Wipro, Havells India and MCX will be some of the companies that will report their June quarter results on Friday. HDFC Standard Life, CEAT , Bata Holdings, Just Dial, Kansai Nerolac, and L&T Finance will also report their first quarter numbers during the day.

Alembic Pharma: The drug maker told the stock exchanges that it has received Establishment Inspection Report (EIR) from USFDA for the inspection carried out by them at its API Facility at Karakhadi from May14 to May 18 . With this, all of the company's manufacturing facilities for international markets are FDA compliant, it said.

Sagar Cements: The cement maker reported a 41.62 per cent decline in its net profit to Rs 5.82 crore for the first quarter of the current fiscal. The company had posted a net profit of Rs 9.97 crore during the April-June quarter of the previous fiscal. Its total income for the June quarter of 2018-19 was down 8.38 per cent to Rs 275.44 crore as compared to Rs 300.65 crore in the year-ago period, the bank said in a regulatory filing.

IRB Infra: A meeting of the board of directors of the company will be held on July 25 to consider raising of funds by issue of securities, subject to approval of members in the ensuing Annual General Meeting.

Hindalco Industries: Amid reports of Hindalco's acquisition Aleris, the company clarified to BSE that no such proposal has been considered by the board so far, which would trigger the disclosure of events or information under Sebi regulations. .

JP Associates: In a ruling which will have grave implications on how the bankruptcy process is implemented in India, the Supreme Court said it would decide whether a second shot should be taken to save Jaypee Infrastructure from liquidation, as per the existing code or outside of it by allowing the parent company to bid for it.

JK Paper: The National Company Law Tribunal on Thursday approved a resolution plan submitted by JK Paper to revive Sirpur Paper Mills, one of Telangana’s large manufacturing facilities from the Nizam era, providing relief to thousands of families in Kagaznagar town.

Bajaj Finserv: Pune-based financial services company Bajaj Finserv on Thursday reported a 41 per cent increase in net profit in the quarter to June, mainly due to growth in its non-banking finance business and general insurance. The company said net profit rose to Rs 826 crore from Rs 585 crore in the year-ago quarter. The consolidated result is based on the new accounting standard, Ind AS.

Bajaj Finance: The company reported an 83 per cent rise in net profit in the June quarter amid a surge in consumer loans and a strong pickup in demand from rural India and signalled the acceleration in economic activity would probably gather pace. Quarterly profits rose to Rs 834 crore up from Rs 456 crore in the year ago period.

RBL Bank: The lender posted a 35 per cent rise in net profit during the first quarter led by a 36 per cent growth in net advances as demand for loans from companies as well as individuals remained strong. Net profit increased to Rs 190 crore or Rs 4.41 per share in the quarter ended June 2018, in line with analysts estimates.

HDFC: CLSA has maintained ‘buy’ rating on Housing Development Finance Corp and raised target price to Rs 2,430 from Rs 2,200. The company’s annual report highlights a broad-based housing loan pick-up – affordable housing loan approvals rose 40 per cent to form 19 per cent of all approvals, said the brokearage

GTL Infra: A consortium of lenders to GTL Infrastructure plan to sell their loans to the struggling telecom tower company to Edelweiss Asset Restructuring Company, which has offered cash payment of 60 per cent of the loan amount and an equity upside, two bank officials said.

Coal India: Subsidiary Northern Coalfields and the railways are jointly investing about Rs 6,000 crore in Madhya Pradesh to lay new tracks and turn the existing ones into dual gauge, a move the coal behemoth hope will help it sell an additional 15 million tonnes of the fuel.

IPO WATCH
TCNS IPO sails through, issue to close today
The initial public offer of women's apparel maker TCNS Clothing was subscribed 2 times on the second day of bidding. The public offer, to raise Rs 1,125 crore, received bids for 2,26,08,740 shares against the total issue size of 1,09,99,828 shares, data available with the NSE showed.