Fifteen stocks in focus on Tuesday, 26 July 2016

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

"The fact that market closed above 8600, we would advice the traders stay long in the market," Karthik Rangappa, VP, Educational Services, Zerodha told ETMarkets.com.

"One can even look at initiating a fresh long at 8635 and holding the position with 8575 as a stop loss," he added.

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

Maruti Suzuki: India's largest automobile manufacturer is expected to report 7 per cent growth in net profit to Rs 1,275 crore for the quarter ended June 30, compared to Rs 1190 crore reported in the year-ago period.

TVS Motor Company: The two wheeler maker is expected to report 44 per cent growth in the net profit to Rs 130 crore for the quarter ended June 30, compared to Rs 90.30 crore reported in the year-ago period.

HDFC Bank: Reserve Bank has imposed a penalty of Rs 2 crore on HDFC Bank for lapses in adhering to Know Your Customer (KYC) and anti-money laundering (AML) norms.

Bharti Airtel, Idea, Reliance Comm: The Telecom Commission on Monday fixed the weighted average spectrum usage charge (SUC) at a minimum of 3 per cent of revenue. Incumbent GSM operators such as Airtel, Vodafone and Idea, which pay a higher SUC, wanted a flat revenue share rate across all airwave bands and operators.

PNC Infratech: PNC Infratech on Monday said it has bagged a project worth Rs 232.91 crore for four-laning of a road in Uttar Pradesh.

JK Paper Ltd: JK Paper reported 79.04 percent jump in standalone net profit to Rs 26.66 crore for the first quarter ended on June 30, 2016.

Canara Bank: The bank reported a 52.18 per cent drop in profits to Rs 229 crore in the first quarter of this fiscal (FY17) against Rs 478.84 crore in the same period last year.

Eicher Motors: Indian automaker Eicher Motors has made a proposal to the Central Government for seeking its approval towards re-appointment of Siddhartha Vikram Lal (Non-Resident) as Managing Director of the Company for the period of five years starting from May 1, 2016 to April 30, 2021, said a media report.

ZEE Entertainment: The company is expected to report 16 per cent YoY growth in the net profit to Rs 282 crore for the quarter ended June 30, compared to Rs 243 crore reported in the year-ago period, said an ET Now Poll.

United Spirits: The company is expected to report a net profit of Rs 70 crore for the quarter ended June compared to Rs 19.90 crore reported in the year ago period, said an ET Now Poll.

Tata Motors: Tata Motors plans to raise Rs 400 crore through issuance of non-convertible debentures (NCDs) and a committee of the board is due to meet on Thursday in this regard.

Bajaj Corp: FMCG firm Bajaj Corp reported 10.15 per cent increase in standalone net profit at Rs 52.19 crore for the first quarter ended on June 30, 2016.

Eveready Industries India: Battery maker Eveready Industries India (EIIL) reported a rise of 10 per cent in its net profit at Rs 22.36 crore for the quarter ended June 2016.

Indiabulls Housing Finance: The company reported 23.2 per cent growth in consolidated net profit to Rs 630 crore for the quarter ended June 30, mainly due to pick up in loans.

Bajaj Auto: Pune-based Bajaj Auto said it will ramp up production of motorcycle Bajaj V starting September to meet demand.

Ultratech Cement: UltraTech Cements said that it plans to raise Rs 300 crore through secured redeemable Non-Convertible Debentures (NCDs) on private placement basis.