Thursday, 25 May 2017

Top stocks in Focus on Thursday, 25 May 2017

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The Nifty50 index is likely to open in green on Thursday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.

Asian peers Hang Seng, Nikkei and Shanghai were up 0.66 per cent, 0.48 per cent and 0.13 per cent, respectively, in morning trade.

Wall Street rose, while the US dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signalled a gradual approach to interest rate hikes, and oil prices dipped on a draw of US gasoline stocks that was smaller than expected.

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

Jain Irrigation: 

Jain Irrigation Systems posted a 24 per cent jump in consolidated net profit at Rs 77.63 crore during the fourth quarter of 2016-17 on strong sales in high-tech agri input business. The company's net profit stood at Rs 62.58 crore in the same quarter last year, it said in a BSE filing.

GVK Power: 

The company’s standalone net loss widened to Rs 205.85 crore in the fourth quarter ended March 31, 2017. GVK Power's net loss in the year-ago quarter was at Rs 105.59 crore.

Strides Shasun: 

The company has got approval of the US regulator for its Memantine Hydrochloride tablets to treat Alzheimer's-type dementia, said the company on Wednesday.

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