Extending Wednesday gains, the stock markets opened in green on Thursday following firm global cues.
The BSE Sensex snapped a four-day losing streak on Wednesday to end 104.20 points up at 27,563.43 supported by continuing fall in crude prices.
Below are the stocks that are likely to be in focus today
Vedanta: The shares of the diversified resources conglomerate reported a 35% fall in quarterly profit to Rs 866 crore as decline in global crude oil prices adversely impacted margins. The decrease in profit was compounded by one-time expense related to renewable purchase obligations (RPO) provision of Rs 414 crore.
HDFC: Stocks of HDFC will be in focus as the country’s largest mortgage lender said it will raise up to Rs 5,000 crore through non-convertible debentures to boost lending operations and meet its future capital needs.
Nestle: FMCG major Nestle India reported a net loss of Rs 64.40 crore on standalone basis for the second quarter ended on June 30, 2015 hit by ban on Maggi instant noodles.
Kotak Mahindra Bank: The FIPB, in its July 3 meeting, cleared application of Kotak Mahindra Bank. The private sector bank had sought approval for increasing the aggregate foreign investment to 55 per cent following a merger between ING Vyasa Bank and Kotak Bank.
Essar Oil: Essar Oil, India’s second largest private refiner, on Wednesday reported its highest ever quarterly profit of Rs 1,063 crore in April-June when strong refinery margins boost earnings by 54 per cent.
JSW Steel: The leading alloy-maker reported a net loss of Rs 107 crore on a consolidated basis for the first quarter ended June 30, 2015.
Stocks of companies like Nelco, Gabriel, Greaves Cotton, Nerolac, Essel Propack, Star, NCC, Onmobile, Glenmark, Thomas cook, Ashoka Buildco, Gati, Dr Reddy, ITC, KRBL, IFB Industries, Kotak Bank, Orient Bank, GPPL, Nucleus, Indoco, Ipca Lab, Exide Ind and Shasun Pharma will be in focus as the will announce their earnings on Thursday.
