Twenty stocks in focus in Monday morning trade – Economic Times

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NEW DELHI: The Indian market is expected to open higher on Monday tracking positive trend seen in other Asian markets.

“The Nifty found support near the 7680 and ended with a healthy candlestick setup by the close of the day’s trading,” Siddhartha Khemka, Head – Research, Centrum Wealth said in a report.

“The overall setup thus still remains negative but the close is suggestive of demand at lower levels and can lead to a near term pullback towards 7780-7850 range once again,” he added.

Here is a list of top twenty stocks that are likely to be in focus today:

Reliance Capital: Reliance Capital reported a marginal 1.9 per cent increase in its consolidated net profit at Rs 415 crore for the quarter ended March 2016.

IT stocks will be in focus after US-based Cognizant Technology Solutions, which over the past five years posted a scorching run of growth and won market share from rivals such as TCS and Infosys, reported its slowest quarterly revenue growth in nearly 14 years.

Wockhardt: Drug firm Wockhardt reported a 25.88 per cent rise in consolidated net profit to Rs 42.90 crore for the quarter ended March 31.

Thyrocare Technologies: Diagnostics company Thyrocare Technologies, which recently concluded its IPO, will list its shares on the bourses on Monday. The IPO was oversubscribed 73.55 times in a price band of Rs. 420-446.

Titan Company Ltd: Tata Group firm Titan Company Ltd reported 14.4 per cent decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16, mainly due to lower sales.

Birla Corporation: Cement maker Birla Corporation reported over four-fold rise in standalone net profit to Rs 115.66 crore for the quarter ended March 31, 2016.

ITC: Cigarette makers led by market leader ITC Ltd are going to resume production in a phased manner with packs having 85% pictorial warning to comply with the Supreme Court’s order, even as they say this will make a further dent on legal cigarette sales.

Siemens Ltd: Engineering and automation major Siemens Ltd reported a 9.6 per cent rise in standalone net profit to rs 177.42 crore for the second quarter ended march 31, 2016.

KEC International: Engineering firm KEC International on Friday reported a 26.96 per cent increase in net profit to Rs 79.85 crore for the quarter ended March 31.

Shemaroo Entertainment: Total income increased by 18.4% and stood at Rs.102.8 crore. Net profit during the quarter increased 29% to Rs.16.5 crore. Total income increased by 18.4% and stood at Rs.102.8 crore. Net profit during the quarter increased 29% to Rs.16.5 crore, said a media report.

Equitas Holdings: Financial services firm Equitas Holdings, which went public last month, announced a 28 percent growth in net profit to Rs 46.8 crore in the three months to March.

JK Paper: Branded paper company JK Paper on Friday reported a rise of 51 percent in its net profit for the fourth quarter (Q4) of 2015-16.

Claris Lifesciences Ltd: Intravenous fluids and injectable drugs maker Claris Lifesciences Ltd on Friday posted a 65% decline in net profit in the fourth quarter on the back of declining sales in emerging markets and higher expenses.

Punjab Chemicals & Crop Protection Ltd: The company has announced that Wholly owned foreign subsidiary of the Company i.e. SD Agchem (Europe) NV (“SD Agchem”), has entered into one time settlement with State Bank of India, Antwerp for settling its total dues of $ 2.66 mn, said a media report.

SPARC: Sun Pharma Advanced Research Company ( SPARC), the pharma research and drug discovery arm of Sun Pharma, today reported a slight increase in its stand-alone net loss at Rs 9.58 crore for the quarter to March 2016.

HDFC: Country’s largest mortgage lender HDFC Ltd said it will raise Rs 1,360 crore by issuing debentures on a private placement basis.

Arvind: Textile-to-retail conglomerate Arvind is in advanced talks to acquire Sequoia Capital-funded ecommerce company Freecultr, becoming the latest brickand-mortar store operator to snap up troubled online ventures.

Alok industries: SBI-led banks are now about to order an audit to trace the “end use of loans” taken by Alok Industries which amounts to close to Rs 20,000 crore.

Ajanta Pharma: The family behind Ajanta Pharma plans to invest over Rs 100 crore to expand its quick-service restaurant business Wok Express, expanding its presence in Mumbai and making an entry in four places, including New Delhi and Bengaluru.

Greaves Cotton Ltd: The company reported 58 per cent increase in its net profit at Rs 38 crore for the quarter ended March 31, 2016 as against Rs 24 crore for the corresponding period last year