Top 14 stocks in focus today: Axis Bank, Cipla, Punjab National Bank |STOCK FUTURE TIPS|EQUITY RESEARCH LAB| 19 january 2017

STOCK FUTURES TIPS:-

stock future tips

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

• Axis Bank: The bank will announce its Q3 numbers today.

• South Indian Bank: The bank revised overnight lending rates to 8.35% while 1-year revised to 9.1%.

• Sugar stocks in focus: India's sugar output falls 5.3% YoY to 10.48 million tonne as of January 15.

• Cipla: Cipla's unit Goldencross Pharma to sell its 100 percent stake in Four M Propack to Shriji Polymers for Rs 13.5 crore.

• Punjab National Bank: PNB signned MoU with India Post Payments Bank to provide technology platform for pilot launch of IPPB.

• MRPL: The company partially agrees to media article stating MRPL to invest Rs 24,000 crore in a massive expansion drive. However, adds that Karnataka Government is yet to allocate land for expansion plant.

• Vedavaag Systems: The company approves allotment of Rs 1 crore warrants to promoters on preferential basis for Rs 39 each.

• Trent: The company to acquire 26% stake in Westland Ltd. for Rs 8.42 crore, making it a wholly-owned subsidiary of Trent.

• Pfizer: The world's top drugmaker by revenues, has warned that a strengthening dollar would be "a very big challenge" for the company in 2017, raising concerns for US corporations that generate a significant percentage of sales from overseas, as per media report.

• KPIT Technologies: KPIT Technologies posted a net profit of Rs 73.6 cr for the quarter ended 31stDecember 2016, up 2% over the corresponding quarter last year, and up 31% over the previous quarter.

• Hatsun Agro: The company reported 64.5% YoY growth in the net profit to Rs 28.8 crore for the quarter ended December 31, compared with Rs 17.5 crore reported in the year-ago period.

• Sasken Communication: The company reported 34% QoQ growth in the net profit to Rs 12.9 crore for the quarter ended December 31, compared with Rs 9.6 crore reported in the year-ago period.

• Orient Green Power, IL&FS: Infrastructure Leasing and Financial Services (IL&FS) is in advanced talks to merge its wind energy assets with Chennai-based listed Orient Green Power.

• Uttam Galva: Aion Capital Partners- a joint venture venture between Apollo Global Management, one of the world's largest distress asset investors, and ICICI Venture is planning to throw a lifeline at the troubled steel maker Uttam Galva.  

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