Maruti Suzuki stocks will be in focus as global investment bank Jefferies has downgraded its stocks to “underperform” from “buy”.
The BSE Sensex and NSE Nifty opened on a positive note on Monday following strong global cues. At 9.21 am, Sensex was up 317.91 points at 26,538.86. Similarly, Nifty was up 85.60 points at 8,036.50 during the same time.
Stocks that are likely to be in focus today
Adani Ports: Adani Ports and Larsen & Toubro (L&T) on Saturday said that they have inked a pact to oversee operations of Kattupalli Port in Tamil Nadu.
SBI: The public sector bank on Sunday said that it will charge up to 10% for home loans, which makes effective reduction in rates only 20 basis points as against 40 basis point cut in base rate.
Tata Steel: The company is set to commission the first phase of its Kalinganagar plant, where it has invested Rs 22,000 crore so far, in the next fiscal.
Larsen and Toubro: The stocks of the company will be in focus as Citi has upgraded Larsen and Toubro from ‘neutral’ to ‘buy’.
ICICI Bank: The private sector lender on Thursday reduced its base rate by 35 basis points to 9.35%, effective October 5.
Parsvnath Developers: The realty company said on Sunday that its shareholders have approved the company’s special resolution to raise up to Rs 1,000 crore through private placement of non-convertible debentures (NCDs).
Maruti Suzuki: The stocks of the carmaker will be in focus after Jefferies downgraded its stocks to “underperform” from “buy”. It said the carmaker’s strong outlook is in the price and its stock is trading at all-time high multiples.
NTPC: The state-run company will consider selling electricity to Bangladesh from its upcoming 750 MW plant at Kokrajhar in Assam once the neighbouring country finalises plans to buy power from Palatana project in Tripura.
National Buildings Construction Corporation (NBCC): The company has secured total business amounting Rs 276.96 crore (approximately) from various clients in the month of September, 2015.
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