India’s headline indices Sensex and Nifty opened lower on Wednesday morning, tracking weak global cues. The Sensex is now up 144 points to 37,679.93, while Nifty is trading above the 11,300-mark. Both the indices closed higher on Tuesday on the back of strong foreign fund inflows and gains in financial heavyweights. We take a look at five stocks which will be in focus today.
Stocks to Watch:
Kotak Mahindra: The private lender Kotak Mahindra will be in focus today after the Bombay High Court refused to give any relief from Reserve Bank of India’s directive on promoter shareholding in the bank.
Maruti Suzuki: The global brokerage firm Citi said that it expects slight volume pick up post elections, prior to the festive season.
Larsen & Toubro: Macquarie said that revenue acceleration will be a key driver for earnings growth. It is also likely to sign a binding pact to buy CCD founder V.G. Siddhartha’s stake in Mindtree Ltd
Tata Motors: Global brokerage firm HSBC has revised the target price to Rs 190 from an earlier price of Rs 170. It said the margin is highly contingent on cost-cutting and Brexit risks have not been factored into estimates.
Reliance Communications: Appellate Tribunal NCLAT has warned lenders to Anil Ambani led-company that their failure in releasing the funds to clear funds to clear the debt-ridden company dues may send the telecom company back to Insolvency Bankruptcy Code.
