Tuesday, September 29, 2015

Stocks that are in focus today: Hero MotoCorp, Sun Pharma and more

Hero MotoCorp stocks will be in focus as the country's largest two-wheeler maker unveiled two indigenously developed scooters — Duet and Maestro Edge — which will hit the market by the middle of next month. (Express Photo)

The BSE Sensex and NSE Nifty opened on a positive note on Wednesday following firm global cues amid a rate cut of 50 bps by the Reserve Bank of India in its monetary policy review on Tuesday. At 9.20 am, Sensex was up 264.63 points at 26,043.29. Similarly, Nifty was up 67.65 points at 7,910.95 during the same time.

Stocks that are likely to be in focus today

Shree Renuka Sugars: The stocks of the company will be in focus after its said that its Brazilian subsidiary filed for bankruptcy protection as its operations were hit by a crash in sugar prices in the last two years.

TCS: The IT major on Tuesday announced a new partnership with a British mutual financial institution for providing a neural automation system which automates and optimises IT operations and processes of an enterprise.

Hero MotoCorp: Country’s largest two-wheeler maker unveiled two indigenously developed scooters — Duet and Maestro Edge — which will hit the market by the middle of next month.

State Bank of India: Country’s largest lender slashed minimum lending or base rate by 0.4 per cent to 9.3 per cent, setting the trend for benign interest rate regime.

Sun Pharma: The drug major has made a tender offer to acquire US-based eyecare firm InSite Vision for $0.35 per share in cash.

NMDC: State-owned NMDC Ltd plans to invest Rs 40,000 crore in the next eight years to reach a target of 100 million tonnes per annum of iron ore production from the current levels of little over 30 MTPA.

Reliance Industries (RIL): Reliance Jio Infocomm has raised Rs 3,500 crore by issuing non-convertible debentures through private placement.

Eveready: Reserve Bank on Tuesday allowed foreign investors to invest up to 49 per cent stake in Eveready Industries India Ltd under the Portfolio Investment Scheme.

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