Top 13 stocks in focus today: Punjab National Bank, Maruti Suzuki, HCC

India Infoline News Service | Mumbai | December 01, 2016 11:05 IST

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Stocks to watch
Maruti Suzuki India: The company sold a total of 135,550 units in November 2016, growing 12.2% over the same period of last fiscal.

Punjab National Bank: Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.

Reliance Communications: Moody's Investors Service downgraded Reliance Communications Limited corporate family rating and senior secured bond rating to B1 from Ba3.

PSU Oil stock: Oil marketing company hiked petrol prices by a marginal 13 paisa a litre while diesel rates were cut by 12 paisa in line with global trends.

Wipro: In a bid to sharpen focus on its core IT business, Wipro on Tuesday said it will sell its EcoEnergy division to Chubb Alba Control Systems for $70 million.

Tata Steel: The 55,000-tonne per annum (TPA) ferro-chrome plant set up by Tata Steel at a cost of Rs 542 crore in its Gopalpur Industrial Park in Ganjam district was opened by Chief Minister Naveen Patnaik on Wednesday.

Punj Lloyd: The company registered a standalone flat net loss of Rs 225.8 crore for the quarter ended September 30, 2016. It had posted a net loss of Rs 226 crore in the same quarter of previous fiscal.

Dilip Buildcon: The company will announce its Q2 numbers today.

Auto stocks in focus: Today auto stocks will be in focus today as November sales data will be announced. 

Hindustan Construction Company: Infrastructure major Hindustan Construction Company (HCC) said it will receive arbitral award payment of approximately Rs 2,000 crore from NHPC and NHAI Ltd within 4-6 weeks.

South Indian Bank: The private sector lender said, it has cut the MCLR in range of 0.05 to 0.3% for a select maturity period.

RBL Bank: RBL Bank has received in-principle approval from RBI to open global financial services centre at GIFT City.

Tata Power: The company will sell its 30% stake in PT Arutmin for a sharply lower consideration of USD246.64mn after entering into revised pacts that take into account certain prior liabilities.

KSK Energy Ventures: The company is in advanced stage of parleys for stake divestment in the KSK Mahanadi thermal power project.

Hinduja Ventures Ltd: The company it will sell stake in group firms Induslnd Media and Communications Ltd and Hinduja Energy.

SBI: Competition Commission has approved the merger of Bharatiya Mahila Bank with the State Bank of India. 
 

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