Twelve stocks in focus on Tuesday, 28 June 2016

NEW DELHI: The Indian market is expected to open lower on Tuesday tracking muted trend seen in other Asian markets.

"A move below 8,050 we may see selling pressure to trigger. Alternatively, if market manages to move above 8150 further short covering followed by a rally is most likely," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd told ETMarkets.com.

"Going forward market will also remain volatile due to derivative expiry in this week. Support is at 8050-8070 level and resistance is at 8150," he added.

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

Mangalore Chemical: Fertiliser firm MCFL said it has given surety of Rs 225 crore on behalf of its group firm Zuari Agro for the import of phosphoric acid, ammonia and other raw materials used for the production of fertilisers.

BHEL: State-run Bharat Heavy Electricals Ltd (BHEL) said that it has commissioned two units of 14 MW each at Salma Hydro Electric Project in Afghanistan.

MBL Infrastructures Ltd: MBL said it has bagged a Rs 779 crore road project from National Highways Authority of India (NHAI).

Tata Communications: Liquid Telecom, a pan-African telecom group and investment firm Royal Bafokeng Holdings (RBH) has entered into agreement to acquire Neotel, a Tata Communications subsidiary in South Africa, said a media report.

Maruti Suzuki: The country's largest car maker, is ramping up production of its compact SUV Brezza and will roll out 10,000 units a month from July to cater to the strong demand for the vehicle.

Tata Global Beverages: Starbucks Corp is expanding its partnership with Tata Group beyond India by launching the latter's single-origin coffee in the US and Himalayan mineral water in Singapore.

Siemens: Siemens informed the bourses that it has bagged an order for Rs 570 crore from Power Grid Corp (PGCIL) to supply Static Synchronous Compensator (STATCOM) solutions.

Trent: The board of Trent will meet on Tuesday to consider a proposal to sub-divide the company's shares. The current face value of Tata-controlled Trent is Rs 10. The board will also consider the issue of non-convertible debentures on private placement basis.

NIIT Ltd: Copthall Mauritius Investment Ltd on Monday bought 22.8 lakh shares in NIIT at an average price of Rs 81.60 a share, according to bulk deal notification on the BSE. This translates to 1.38 per cent stake in NIIT.

HCL Technologies Ltd: HCL lost at least $1.5 billion worth of contracts that came up for rebid over the past two years, said a media report.

Satin CreditCare Network: Satin Creditcare Network, the microfinance lender said it plans to raise Rs 100 crore by issuing bonds on a private placement basis.

Punj Lloyd: Punj Lloyd Ltd has now informed BSE that Singapore High Court has approved in its hearing dated June 27, 2016, the application for placing both PLPL and SEC under Judicial Management.

Tata Teleservices: The Arbitral Tribunal has issued a final award which requires Tata Sons to pay to Docomo, damages of US$ 1,172 million upon tender of shares held by Docomo in Tata Teleservices Limited, together with interest, arbitration costs and legal costs.