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  1. Stocks that are in focus today: Sterlite Technologies, Larsen and Toubro finance, Reliance Industries

Stocks that are in focus today: Sterlite Technologies, Larsen and Toubro finance, Reliance Industries

The benchmark BSE Sensex gained over 122 points in early trade on Tuesday on sustained across-the-board buying by participants amid a rebound in Asian markets.

By: | Updated: July 27, 2015 8:53 AM
bse sensex

BSE Sensex rose 122.04 points or 0.43 per cent to 28,330.80. The gauge had gained 262.96 points in the past two sessions.(Reuters)

The benchmark BSE Sensex gained over 122 points in early trade on Tuesday on sustained across-the-board buying by participants amid a rebound in Asian markets.

The 30-share barometer rose 122.04 points or 0.43 per cent to 28,330.80. The gauge had gained 262.96 points in the past two sessions.

Below are the stocks that are in focus today:

Sterlite Technologies: The stock is up 5.59 per cent at 9.29 am on BSE Sensex after the Anil Agarwal-led company said on Monday that is now vying for strategic project in the defence sector worth Rs 7,000 crore.

Spicejet: The low cost airlines shares were up 1.27 per cent on BSE at 9.30 am. SpiceJet on Monday offered another limited period low fare scheme ‘Red Hot Fares Sale’, offering starting ticket prices as low as Rs 1,899 for flights across western and southern domestic network.

Larsen and Toubro Finance: Stocks up 4.67 on BSE. On NSE it was 5.42 per cent. According to media reports, American private equity fund Warburg Pincus is in talks to purchase at least one-fourth of financial services firm L&T Finance Holdings.

VA Tech: The stocks are up 1.13 per cent at 9.36 am on BSE. At NSE, it is up 1.58 per cent. Water treatment player VA Tech Wabag along with its joint venture firm Belhasa Projects has bagged its first engineering, procurement and construction order in Bahrain worth Rs 580 crore.

Network 18 Media & Investment:
The stocks are down 1.76 per cent at 10:44 am on BSE and NSE. Reliance Industries will offload
3.1 per cent stake in media and entertainment firm Network18 Media and Investments Ltd for an estimated Rs 200 crore to bring down its shareholding to permitted level of 75 per cent.

Maruti Suzuki India

The stocks are down 0.59 per cent at 10:48 am on BSE. At NSE, it is down 0.55 per cent. An office bearer of Maruti Employees Union was on Monday night suspended for allegedly slapping an officer in the factory’s spare part division, a company official said here.

Reliance Industries

The stocks are down 0.51 per cent at 10:49 am on BSE. At NSE, it is down 0.52 per cent. In a BSE filing, Reliance Industries said it is “proposing to sell 3.25 crore shares of Network18 Media and Investments
Ltd (representing 3.1 per cent of the equity capital) to bring down the aggregate shareholding of the promoter and promoter group to 75 per cent”.

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