The BSE Sensex opened in green on Monday tracking global cues. The BSE Sensex opened 91.83 points up at 27,306.43. Nifty opened 30 points up at 8,262.55.
Here are some stocks which are likely to remain in focus today:
Reliance Industries: Reliance Industries shares were trading 4.53 per cent up at Rs 953.50 in the early trade. Reliance Industries on Friday (post market hours) reported highest ever quarterly net profit of Rs 6,720 crore for three months ending September 30 on spike in refinery and petrochemicals margins. Net profit for July-September quarter of the 2015-16 fiscal rose 12.5 per cent to Rs 6,720 crore, or Rs 22.8 per share, from Rs 5,972 crore, or Rs 20.3 a share, in the same period of last fiscal, the company said in a statement.
HCL Technlogies: HCL Technologies Ltd, India’s fourth-largest software services exporter by revenue, reported a 8 per cent fall in quarterly net profit on Monday, but met street estimates as its core manufacturing clients added more projects. The IT major announced its Q1 result on Monday before market hours. Revenue in dollar terms rose 8 per cent to $1.54 billion. In September, HCL Tech said its revenue in US dollars would have adverse impact of 80 basis points on a sharp depreciation of multiple currencies against the dollar. The share price of HCL Technologies was down 1.5 per cent in the early trade.
Lanco Infratech: The share price of Lanco Infratech gained over 4 per cent in the early trade on Monday. Lanco Infratech got a favourable order from the Hon’ble Supreme Court on 16 October, 2015 for its subsidiary company Lanco Kondapalli Power Limited (LKPL) dismissing the appeals filed by Andhra Pradesh Power Coordination Committee and AP DISCOMS and also upholding the orders passed by APTEL and APERC in favour LKPL. As a result of this favourable order LKPL is entitled for the reimbursement of Income-tax of about Rs.175 Cr paid by it, for the financial years 2001 to 2012 along interest till the date of payment after adjusting the adhoc amount of Rs. 70 Crore already received.
Maruti Suzuki: Maruti Suzuki India announced after market hours on Friday that it has introduced all-new Ertiga packed with several new features and technologies. The petrol variant of the vehicle is available from Rs 5.99 lakh to Rs 8.26 lakh while the diesel variants are available from Rs 7.55 lakh to Rs 9.25 lakh ex-showroom Delhi.
Infosys: Infosys announced after market hours on Friday, a collaboration with IBM, in which Infosys will tap Bluemix, IBM’s Cloud platform to rapidly prototype, develop and deploy the next generation of Cloud apps for its global client base. The collaboration includes the launch of Bluemix-powered Innovation Lab for co-creation of apps with clients; training of Infosys developers on Bluemix and cloud app development skills; as well as Infosys’ adoption of Bluemix Dedicated to leverage its vast library of cognitive computing and analytics solutions and other services to build client apps. The share price of Infosys was up 0.93 per cent at Rs 1103.90 in the early trade.
(With inputs from agencies)
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