The BSE Sensex and NSE Nifty opened higher on Thursday tracking strong global cues. The BSE Sensex and NSE Nifty opened 122.99 points and 35 points higher at 27,635.25 and 8,384.45 respectively. At 9.20 am, Sensex was up 270.69 at 27,782.95. Similarly, Nifty was up 69.70 points at 8,419.15 during the same time.
Below are the stocks that are likely to be in focus today:
Adani Ports: The stocks of Adani Ports and Special Economic Zone Ltd (APSEZ) will be in focus as the company on Wednesday said its shareholders have approved a proposal to raise funds up to Rs 10,000 crore through securities. The shares were trading 3.23 per cent up at Rs 332.25 in early trade.
Adani Enterprises: The flagship firm of the Adani Group said on Wednesday that its shareholders have approved the proposal to raise up to Rs 6,000 crore through issuance of securities to sustain rapid business growth. The shares were up 2.44 per cent at Rs 90.40 in early trade.
Coal India: Coal India reported a 6.66% year-on-year dip in the net profit to Rs 3,764.34 crore in the June quarter against a net profit of Rs 4,033.22 crore in the same period last fiscal. Net sales in the quarter rose 6.62% y-o-y to Rs 19,518.08 crore from Rs 18,305.61 crore in the same period last fiscal on the back of higher volumes. The shares were up 0.07 per cent at Rs 371.70 in early trade.
Tata Steel: Tata Steel on Wednesday said it is continuing talks to sell its loss-making long products business in Europe after similar negotiations with Geneva-based Klesch Group failed. The company on Tuesday reported a two-fold jump in its consolidated net profit at Rs 763 crore for the June quarter. The shares are up 0.92 per cent at Rs 251.40 in early trade.
Reliance Infra: Anil Ambani-led Reliance Infrastructure (RInfra) on Wednesday reported 12.39 per cent decline in net profit for the quarter ended June 30 at Rs 400.91 crore mainly due to losses incurred by its cement and Mumbai metro businesses in spite of an increase in revenues. The shares were up 2.13 per cent at Rs 388.80 in early trade.
IndusInd Bank: IndusInd Bank on Wednesday said it has raised Rs 5,081 crore by issuing six crore new shares via QIP and preferential issuances. The raised capital will be used to support bank’s growth and also augment total capital adequacy ratio, it added. The Qualified Institutional Placement (QIP) issue addressed to foreign and domestic institutional investors was priced at 2.9 per cent premium to the Sebi determined floor price of Rs 845 per share, the bank said. The shares were up 0.92 per cent at 918.90 in early trade.
Nestle India: Government on Wednesday said that claim from Nestle for selling “defective and hazardous” Maggi noodles may exceed Rs 640 crore as it is tabulating further damages to be sought, even as the company termed the class action suit as disappointing and an unprecedented step. The shares were up 2 per cent at Rs 6314.
PC Jeweller: PC Jeweller on Wednesday announced the relaunch of its jewellery purchase scheme ‘Jewels For Less’. The results of the company are expected later in the day. The shares were up 0.37 per cent at Rs 436 in early trade.
Stocks of companies like DLF, Symphony, Valecha Eng, Fedders Lloyd, Balaji Telefilms, Asian Tiles, Paper Products, Kohinoor, Bajaj Hindusthan, Essar Ports, Eros Media, Cosmo Films, Jindal Poly, Jubilant Food, Atlas Cycle, Amrutanjan, Ajantha Pharma, La Opala, MMTC, IOC, IRB, Panacea Bio, Vadilal Ind, Triveni Turbine, Tata Power, STC India, DCM, Rajesh Exports, ONGC, and Gujarat Apollo will also be in focus as they will announce their results on Thursday.