The market closed in the green on Tuesday with the NSE Nifty at 10,619 points and the BSE Sensex at 34,619 points.
Here are the top stocks to watch out for today
Airtel-Airtel added 5 million broadband subscribers in February 2018, compared to 9 million by Jio and 2 million by combined Idea and Vodafone.
Reliance Industries- As per the Citi Research report, after sharp 43% outperformance relative to the broader Indian market in CY17, RIL stock has been more subdued of late (0% in CY18TD).
Thyssenkrupp-Thyssenkrupp has not yet defined the timing for the update on targets and strategy management suggested that this is unlikely to be timed together with a potential signing of a JV with Tata before the end of H1 and, rather, could happen either a few days later or even with the next set of results.
Mahindra & Mahindra- While M&M stock has risen about 15% over past one month (6% relative to market),there is more to go, as valuations at 13x FY20E core EPS still look quite reasonable as almost about 40% of the stock move in the last month can be attributed to increase in valuations of key subsidiaries Tech Mahindra and M&M Finance.
Aluminium-The announcement by the US Treasury that the grace period on winding down or maintaining business with Rusal before sanctions application would be extended by 6 months (to October 23rd from April 23rd), generated a sharp selloff in aluminium prices.
ICICI Prudential Life Insurance-ICICI Prudential Life reported 4Q/FY 2018 net profit of Rs 3.4 billion.This was mainly driven by investment market volatilities in the quarter, as the Nifty50 index declined -4% and -9% from its January peak.
Bharti Infra-Infratel reported muted but better than expected quarter with revenues 4% and margins 90bps ahead of expectation. The beat though was entirely led by higher energy cost and margin. Tenancies saw further exits with FY18 seeing exits for c10% of overall tenancies.
IHH Healthcare- IHH’s decision to update its bid to include a binding proposal makes it the third binding offer for Fortis Healthcare following offers from Manipal Hospitals and the Munjal-Burman families.
First Published: IST