Top stocks in focus on Tuesday, 9 May 2017

Domestic equity markets are likely to open in green on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

SGX Nifty was trading 10 points, or 0.11 per cent, up at 9356, around 7.50 am (IST), indicating a positive start for NSE Nifty index.

Asian peers Hang Seng and Shanghai were trading higher by 0.39 per cent and 0.11 per cent, respectively, in morning trade, while Nikkei was down 0.08 per cent.

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

Bharti Infratel: Bharti Infratel on Monday logged a 17 per cent fall in its consolidated net profit at about Rs 596.6 crore for the quarter ended March 2017 as against the year- ago period, pulled down by higher operating expenses. Net profit of the company stood at Rs 718.4 crore in the same quarter last year.

Akzo Nobel: Dutch paint maker Akzo Nobel on Monday rejected a third takeover proposal from PPG Industries, leaving its larger US rival to decide whether to make a formal bid without the support of Akzo's board, or throw in the towel. PPG's third offer values Akzo at 26.3 billion ($28.8 billion) including debt but the Dutch firm, which makes Dulux paint, said it was too low, faced antitrust risks and failed to address concerns such as “cultural differences”.

Ramky Infrastructure: The company on Monday said it has won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India.

Torrent Pharmaceuticals: The pharma company has completed the acquisition of Regestrone and Pregachieve brands in India from Swiss drug major Novartis AG. The two brands are widely prescribed by gynaecologists for the management of abnormal uterine bleeding, post menopausal symptoms and infertility, Torrent said in a regulatory filing.

Earnings today: Bharti Airtel, Alembic Ltd, Dena Bank, Future Retail, Godrej Consumer Products, InterGlobe Aviation, Petronet LNG, Shemaroo Entertainment and Vijaya Bank will announce their financial results for the quarter ended March 31, 2017 on Tuesday.

CMI Ltd: CMI has been awarded an order worth Rs 36.24 crore by Gujarat Energy Transmission Corporation for supply of 66 KV XLPE cables. The order is revenue accretive and will be delivered within two quarters of 2017-18.

S Chand and Company: Textbooks publisher S Chand and Company, which successfully closed its initial public offer (IPO) late last month, is set to make its stock market debut on Tuesday.

Havells: Electrical products maker Havells on Monday said it has completed the Rs 1,600-crore acquisition of consumer durable business of Lloyd Electric & Engineering. The acquisition, paving way for the Noida-based company to foray into the consumer durables segment, has been financed through internal accruals and cash balances, Havells said.

Union Bank of India: The lender on Monday reported a 12.5 per cent increase in its net profit to Rs 108.22 crore in the quarter ended March 31, 2017 as compared to Rs 96.12 crore in the corresponding period last year.

Smartlink Network Systems: The company said it has made an additional investment of Rs 1 crore in its wholly owned subsidiary Telesmart SCS.

Eros: Eros International Media announced that it signed a significant television syndication deal with Zee, a leading Indian global television network, for a slate of its forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made after market hours yesterday, 8 May 2017.

Skipper: The company said it has been certified by The Equipment and Materials Test Laboratory (LAPEM). The certification was completed post visit of LAPEM representatives to the company's manufacturing units for a rigorous audit of the manufacturing and quality processes. With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market.

GM Breweries: GM Breweries turns ex-dividend on Tuesday, for dividend of Rs 3 per share for the year ended March 31, 2017.