Wednesday, 10 May 2017

Fifteen stocks in focus on Wednesday, 10 May 2017 by Ripples Advisory

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

SGX Nifty was trading 17 points, or 0.18 percent, up at 9,367 around 7.55 am (IST).

Asian peers Hang Seng, Nikkei and Shanghai were trading higher by 0.56 percent, 0.34 per cent and 0.17 percent, respectively, in morning deals.

Here is a list of over fifteen stocks that are likely to be in focus today:-

Bharti Airtel

Country's largest telecom firm Bharti Airtel BSE 3.69 % on Tuesday post market hours reported its lowest quarterly profit in four years as net earnings fell 72 percent in January-March, hit by “sustained predatory pricing” by rival Reliance Jio. The net profit in the quarter ended March 2017 stood at Rs 373.4 crore, nearly a fourth of the Rs 1,319.2 crore notched in the year-ago period.

InterGlobe Aviation

IndiGo's parent Inter Globe Aviation saw its profit slump 25 per cent to Rs 440.31 crore in the three months ended March 2017 as a steep rise in fuel costs trimmed the bottom line even as revenues rose. Its profit after tax stood at Rs 583.78 crore in the January-March period of 2016.

State Bank of India

Country's largest lender SBI on Tuesday said it plans to raise funds through the followon public offer and institutional placement in the current fiscal and has sought applications from merchant bankers for managing the issue.

Piramal Enterprises 

The company is planning to raise up to Rs 4,000 crore by selling shares to institutional investors as the diversified company looks to fuel growth in its financial services business, according to two people familiar with the matter.

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