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  1. Stocks that are in focus today: PSU banks, Tata Motors, Cipla and more

Stocks that are in focus today: PSU banks, Tata Motors, Cipla and more

Tata Motors declined around 2 per cent after reporting weak global wholesales in July 2015.The NSE Nifty was down 75.40 at 8,443.

By: | Updated: August 17, 2015 10:20 AM
Stocks in focus

At 9.47 am, Sensex was down 261.38 points at 27,805.93. Similarly, Nifty was down 64 points at 8,454.55 during the same time. (Photo: Reuters)

The BSE Sensex and NSE Nifty opened 26.23 points and 11.95 points higher at 28,093.54 and 8,530.50, respectively, on Monday. At 9.47 am, Sensex was down 261.38 points at 27,805.93. Similarly, Nifty was down 64 points at 8,454.55 during the same time.

Below are the stocks that are likely to be in focus today

Tata Motors: Tata Motors’ stocks will be in focus after the company on Friday(post market hours) said that it wholesales including Jaguar Land Rover (JLR) dropped 8% to 73,535 units in July 2015 over July 2014. Tata Motors declined around 2 per cent in early trade.

Cipla: The drug major Cipla on Friday reported over two-fold jump in its consolidated net profit to Rs 650.61 crore for the quarter ended June 30, 2015 mainly on account of robust sales. Share price of Cipla was down over 4.5 per cent in early trade.

PSU banks stocks: The stocks of PSU banks will be in focus after government on Friday announced seven-pronged PSU banks’ revival plan ‘Indradhanush’ that could help banks register higher growth rate and effectively deal with the issue of NPAs. State Bank of India, Punjab National Bank and Bank of Baroda shares were up 1.68 per cent, 3.61 per cent and 10.52 per cent, respectively, in the opening trade.

PSU OMCs: Shares of public sector oil marketing companies (PSU OMCs) rose after reduction in petrol and diesel prices with effect from 15 August 2015. IOC, BPCL and HPCL were up 0.89 per cent, 0.71 per cent and 1.10, respectively.

HDFC: The stocks of the lender will be in focus after the company said it will sell 9 per cent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

Bhushan Steel: The company on Friday said that its standalone net loss has widened to Rs 739 crore for the first quarter ended June 30.

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