Fifteen stocks in focus in Tuesday's trade

NEW DELHI: Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.

"I would suggest buying at present juncture. Nifty have managed to settle above 8,500-mark. It is a good setup. Bank Nifty has already given a breakout above 18,500. The gains index the banking index can be termed as a pullback on intraday basis. The index has nicely held 18,500 level," says Mitesh Thacker, Technical Analyst, miteshthacker.com.

"Keeping a stop loss at about 8,440 is what I would suggest. I see Nifty in excess of 8,690-8,700. Also because a breakout is happening on Nifty, a lot of stocks and sectors have given breakout. Therefore, one should trade with long bias on stocks," he adds.

Here is a list of fifteen stocks which are likely to remain in focus today:

Sterlite Technologies Ltd: Enthused with winning a defence project worth Rs 2,500 crore, NRI billionaire Anil Agarwal-led Sterlite Technologies is now vying for another strategic project in the sector worth Rs 7,000 crore.

VA Tech Wabag Ltd: Water treatment player VA Tech Wabag BSE 1.43 % along with its joint venture firm Belhasa Projects has bagged its first engineering, procurement and construction order in Bahrain worth Rs 580 crore.

Coal India Ltd: State-run miner Coal India will relinquish 75 per cent of the area in the two coal blocks it had acquired in Mozambique about six years ago.

Puravankara Projects & Godrej Properties: Real estate developer Puravankara Projects BSE -2.27 % has sold an 18 acre land parcel off Kanakpura Road in Bengaluru for Rs 140 crore to Godrej Properties BSE 0.26 % and Dutch pension services provider APG.

L&T Finance Holdings Ltd: American private equity fund Warburg Pincus is in talks to purchase at least one-fourth of financial services firm L&T Finance Holdings, two people familiar with the development said.


Maruti Suzuki Ltd: In its bid to crack the big vehicle segment, Maruti Suzuki India BSE -0.28 %, known for its small cars, is establishing a new setup of retail outlets under Nexa brand to sell premium products starting with its upcoming S-Cross model.

Essar Oil Ltd: Essar Oil BSE 17.64 % will be in focus on Tuesday as well, after the refiner's plan to delist its shares was approved by the National Stock Exchange late last week, a company spokesman said on Monday, quoted by media reports.

GAIL India Ltd: State-run GAIL India BSE 0.16 % will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards - a concession it hopes will attract foreign firms to locally manufacture ships proposed to be chartered by the Indian gas company.

NHPC: State-run NHPC BSE -1.02 % said it will set up 4 hydroelectric projects with a total generation capacity of 293 MW in the Teesta Basin of Darjeeling.

Hindalco Industries Ltd: The Supreme Court on Monday sought views from the Central Bureau of Investigation (CBI) and Enforcement Directorate ( ED) on a petition that demanded a probe into alleged payments worth crores made by Aditya Birla group company Hindalco Industries BSE -1.36 % to environment ministry officials for getting various clearances to group companies

Network18 Media & Investments Ltd: Reliance Industries Ltd plans to sell a 3.1 percent stake, worth $32 million at the current market price, in unit Network18 Media & Investments Ltd to comply with rules mandating public ownership in listed firms.

Unity Infraprojects Ltd: The company has issued shares worth Rs 82.63 crore to lenders and promoters under its corporate debt restructuring (CDR) plan.

Power Grid Ltd: State-owned Power Grid Corporation of India BSE -0.99 % (PGCIL) said its board has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project.

SKS Microfinance Ltd: The company announced that the micro finance lender issued Commercial Papers of an aggregate amount of Rs.100 crore on 06 July 2015, which has been rated 'A1+' by a leading rating agency.

Future Retail Ltd: Homegrown retailer Future Retail Ltd has allotted 1.34 crore class B shares aggregating to Rs 92.71 crore to promoter group firm Future Corporate Resources Ltd.

Source: economictimes.indiatimes.com/

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