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Stocks in focus: RIL, PFC, Tech Mahindra, Ambuja Cements, Tata Motors

The focus today is largely expected to hover around the Power Finance Corporation (PFC) stock as the govt will sell 5 per cent stake in the state firm in a stock market transaction.

BT Online Bureau | July 27, 2015 | Updated 08:57 IST
Stocks in focus: RIL, PFC, Tech Mahindra, Ambuja Cements, Tata Motors

The Sensex and Nifty may open in red on weak global cues from international markets. The Nifty is likely to open lower in trades as Nifty futures traded on the Singapore Stock Exchange fell 0.6 per cent or 50 points to 8,501.

China's Shanghai index slumped more than 2 per cent, as the country's industrial profits declined 0.3 per cent year-on-year in June, according to data.

Both US and European markets closed the past week in red.

In major stocks to watch out for Reliance Industries Limited (RIL) will be closely watched given the Rs 6.318 crore profit the company reported on Friday after market hours which will have an impact after markets open today.

The focus today is largely expected to hover around the Power Finance Corporation (PFC) stock as the govt will sell 5 per cent stake in state firm in a stock market transaction that could raise up to $267 million for the central government, as per the current market value.

The PFC share offering is part of the government's budget target to raise as much as $11 billion from divestment of its stake in state-run companies. The government has missed its divestment target for the last five years in a row.

Lupin saw its second acquisition in the week, first Gavis Pharma  on Friday the company announced  it had acquired the German company Temmler's Specialty Product Division . The stock is expected to create some buzz.

As for the result watch IT major Tech Mahindra is due to release its Q1 results today which puts the focus on the stock. Last week markets saw key IT major as TCS, Wipro and Infosys release their results.  

The other key stocks to watch out on result announcements are Ambuja Cements,  Just Dial,  MRF and KEC Intl.

The Tata Motors stock is expected to generate some movement as the company announced that it is  looking to de-risk CV biz by focusing on defence plus Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) is planning to set up a new plant to make about 2,00,000 cars annually in eastern Europe and is zeroing in on Poland.

Gold will be in focus as well given last week's dip for the yellow metal which took it down to a 4-year low.

The week ahead is expected to generate some buzz with the fiscal deficit data for the month of June and a fortnightly review of fuel prices by PSU oil marketing companies.

As for the global impact, the policy decision by the US Federal Reserve will be closely watched. The FOMC holds a two-day policy meeting on July 28-29, where investors will be looking for clues on whether the Fed is closer to making a decision on raising interest rates.

 

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