Fifteen stocks in focus on Thursday, 14 July 2016

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

"Going forward a break below the lower end of Wednesday's range i.e. 8500, market is likely to move down till the next support zone around 8350-8370. Important support is at 8500 and resistance is visible around 8550," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd told ETMarkets.com.

"Market movement going forward will depend on the data like inflation based on wholesale price index (WPI) for the month of June 2016, which is scheduled to be released on Thursday," he added.

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

TCS: Tata Consultancy Services, India's largest IT outsourcing firm, is expected to report 4.3 per cent quarter-on-quarter (QoQ) drop in net profit at Rs 6,065 crore for the quarter ended June 30 compared with Rs 6,342 crore reported for the year-ago period.

Max India Ltd: The new Max India Ltd will be listed on the stock exchanges on Thursday, becoming the third company of the group to be traded on the bourses following the demerger.

Essar Oil: Energy major Essar Oil is expecting some incentives for exploration of gas keeping in view challenges and difficulties like deep and ultra Deepwater gas production.

Axis Bank: India's third largest private sector bank and Vistara, India's fastest growing full service carrier have launched the contactless Axis Bank Vistara Credit Card on the VISA network platform.

Hinduja Ventures: Hinduja Ventures Ltd has announced that it has acquired 43 lakh equity shares and 7.04 Crore Preference shares of Unit IMCL.

Gems & jewellery stocks in focus: In a relief to In a relief to jewellers, the government increased Small Scale Industry (SSI) exemption limit to Rs. 10 crore from Rs. 6 crore, waived off the levy on sale of traded goods and relaxed various procedural norms.

NALCO: Navaratna PSU National Aluminium Company Limited (NALCO) has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne lumina refinery is located.

L&T: L&T Infotech's Rs 1,243-crore IPO got oversubscribed 11.67 times, eliciting strong response with the number of applications crossing 1 million on the final day.

SRS Ltd: SRS Ltd has announced that the Board of Directors of the Company at its meeting held on July 13, 2016, decided to withdraw the decision of Sub-Division of Equity Shares of Rs. 10 each into Equity Shares of Re. 1 each.

Omkar Speciality Chemicals Limited: Omkar Speciality have intimated the Stock Exchanges of the recent selling of the shares by the Promoter group.

RIIL: Reliance Industrial Infrastructure Limited said its standalone net profit declined by 32 per cent to Rs 3.02 crore in the three-month period ended June 30, 2016.

MindTree: Mindtree has launched Decision Moments, the first data analytics platform that appliescontinuous learning algorithms to large data pools, allowing businesses to generate meaningful and compelling insights that improve over time.

Cera Sanitaryware: Bathroom products maker Cera Sanitaryware reported a 36.59 percent increase in standalone net profit to Rs 21.39 crore for the first quarter ended June.

Crompton Greaves: Crompton Greaves said that it has halted operations at its manufacturing unit at Mandideep in Madhya Pradesh after it was hit by heavy rains.

HCC: Ajit Gulabchand led HCC, which currently is in corporate debt restructuring, has got bankers' approval for restructuring it further under the recent RBI guidelines on 'scheme for sustainable structuring of stressed assets (S4A) which will potentially provide the company relief on cash flows, the company said.

Berger Paints: Shares of Berger Paints will turn ex-bonus on Friday. The company is rewarding its shareholders with a 2:5 bonus issue (two bonus shares for every five shares held), said a media report.