Top 10 stocks to track in trade today
The BSE Sensex slipped below the key 20,000 in early trade
on Thursday tracking weakness in Asian stocks. China's factory activity
hit the lowest in seven months, dampening upbeat sentiments about the
recovery in the world's second largest economy. Market analyst Sarvendra
Srivastava advised traders to book profits after three consecutive days
of losses have hit bullish sentiments on the Street.
- State Bank of India Q4 net interest income is seen down 0.9 per cent at Rs. 11,602 crore, while net profit is seen falling 9.5 per cent at Rs. 3,664 crore. Fresh restructuring of Rs. 8,000 crore expected in this quarter.
- Mphasis: HP has lifted its full-year earnings guidance, which is a positive for the IT firm.
- ONGC: CLSA has upgraded the stock to outperform and raised its 12-month target to Rs. 360 citing lower subsidy sharing burden.
- Ranbaxy: Owners Daichi Sankyo is exploring legal remedies to sue ex-promoters of Ranbaxy for misrepresenting critical information about U.S. Department of Justice and FSA probes.
- Voltas: UBS maintains buy with a target of Rs. 125, says macro improvement a key catalyst to the stock.
- AB Nuvo: Morgan Stanley maintains overweight, while raising target price to Rs. 1,459, saying risk-reward is very compelling for the stock.
- Bharti Airtel goes ex-dividend by Rs. 1 per share today.
- Kotak has upgraded Bajaj Auto to add with a target price of Rs. 2,000 saying Africa will be a key driver for the company.
- LIC Housing: Kotak re-initiates coverage with add rating and a target price of Rs. 300. LIC Housing finance loan book is well-placed to benefit from decline in bulk borrowings rates. Kotak also retained its sell call on HDFC.
- Jet Airways: Market regulator Sebi has reportedly written to Jet raising objections over parts of its agreement with Etihad.
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