Wednesday 18 October 2017

Top stocks in spotlight on 18 Oct 2017

Stock Market opened lower on Wednesday against the previous session’s closing. The Sensex and Nifty fell in the morning hours. The Indian rupee strengthened a little bit against the USD. The shares of Wipro Ltd, Kotak Bank and Reliance rose, while the shares of Axis Bank and ICICI Bank fell.

The following stock, among others, will be in spotlight today 18 Oct 2017:- UltraTech Cement, Hindustan Zinc Ltd , Havells India Ltd, Indiabulls Housing Finance Ltd, NIIT Technologies, NOCIL are some of the major companies that are announcing their Q2 results today. 

Wipro Ltd has reported a 5.5% jump in sequential and 6% rise in year-on-year rise in net profit at Rs 2189.50 crore for the Sept quarter. Wipro has given guidance of USD 2014 million to USD 2054 million for December quarter revenue from its IT services business.

ONGC Stocks: State-run Oil & Natural Gas Corpn will invite bids from oilfield service providers to boost up output from some of its ageing fields under a long-term contract.

The two-wheeler maker Bajaj Auto Ltd has posted a 1% decline in net profit to Rs 1123 crore for the Sept quarter, largely on account of flat two-wheeler sales and rising input costs. 

Reliance Industries Ltd has submitted a USD 1.4-billion plan to generate 7 million cubic metres a day of natural gas from KG-D6 deep-sea fields in the Bay of Bengal.


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