Top 10 stocks to track in trade today

The BSE Sensex opened in the green on Wednesday after closing at its lowest level in a week on Tuesday. The Sensex has gained nearly 11 per cent since mid-May, raising prospects of a near-term correction. Market analyst Sarvendra Srivastava says the bullish setups are intact and markets may be range bound in a band of 6,100-6,200. The rupee, which has hit its lowest in 2013, continues to be an overhang on markets though.

1. Larsen & Toubro: Q4 sales seen up 14 per cent at Rs. 21,015 crore, while adjusted net profit is seen up 11 per cent at Rs. 2,041 crore.
2. Tata Motors: CLSA recommends buy with a target of 360 saying fundamentals are supportive of double digit growth in China.
3. United Spirits: Morgan Stanley initiates coverage with buy rating and a target of 3,115 expecting greater focus on profitable growth.
4. Tech Mahindra reported higher than estimated net profit in the March quarter. Sales rose 1.7 per cent sequentially to Rs. 1822 crore, while net profit jumped 18 per cent quarter-on-quarter to Rs. 327 crore.
5. Maruti Suzuki: LIC has sold 2.5 per cent stake in the car maker over the last six months. It still holds around 8.247 per cent in the company.
6. Oracle Financial Services' offer for sale will start today with floor price at Rs. 2,275.
7. JSW Energy's offer for sale will start today with floor price at Rs. 61.5.
8. Ranbaxy: India's health ministry will reportedly initiate a probe in the drugmaker after it settled a long-pending issue with the US Department of Justice, agreeing to pay a penalty of $500 million.
9. Zydus Wellness goes ex-dividend by Rs. 6 today.
10. SREI Infra's board has approves raising up to Rs. 1,500 crore via debentures and preferential issue of up to Rs. 500 crore.