Eight stocks to watch in Thursday's trade
Wed, 28 Oct 2015 19:48:14 -0600
The market is likely to witness a lot of action in Thursday's trade as the Oct series F&O contracts expire
The domestic stock market is likely to witness a lot of action in Thursday's trade as the October series futures and options contracts expire and the broader market responds to stock-specific cues from September quarter earnings and others.

Here is a list of eight stocks whose counters need to be watched during the course of the day.

Jet Airways: Jet Airways (India) said on Wednesday that its fiscal second-quarter profit rose 25%, as the country’s second-largest airline by passengers carried benefited from lower fuel prices. This is the airline group’s second consecutive profitable quarter in the current financial year.

JP Associates: Raising serious concerns over unfair business practices in realty sector, two members of Competition Commission of India have ordered Rs 666 crore fine on JP Associates, but were the same was overruled by the Chairman and other members of the regulatory body. The proposed penalty was overruled by 3:2 majority vote by the Competition Commission of India (CCI), even as all the members pressed for immediate and urgent steps to strengthen the regulations to address the grievances of the purchasers.

Sun TV: Kalanithi Maran-promoted Sun TV Network on Wednesday reported a 41% rise in net profit for the quarter ended 30 September on higher advertising revenue. The Chennai-based media company posted a net profit of Rs.218 crore as against Rs.154 crore a year ago. Earnings beat the consensus estimate of R208 crore in a Bloomberg poll of analysts. Net sales rose 12% to R568 crore from R508 crore a year ago, against the Bloomberg poll estimate of Rs.570.5 crore.

Dabur: FMCG major Dabur today posted 18.7 per cent rise in consolidated net profit to Rs 341.1 crore for the second quarter ended September 30, on account of robust growth in key consumer categories like toothpastes, hair oils and home care. The company had posted net profit of Rs 287.5 crore during the same period of the previous fiscal, 2014-15.

Ambuja: Ambuja Cements on Wednesday reported 36 per cent decline in its standalone net profit at Rs 153.57 crore for the third quarter ended September 30, 2015, due to an additional depreciation charge, among other factors. The cement maker, in which Swiss building material major Holcim has a majority stake, had posted a net profit of Rs 239.06 crore in the year-ago period, it said in a BSE filing.

ONGC: State-run Oil and Natural Gas Corporation has embarked on a belt-tightening exercise following a sharp drop in oil and gas prices that have started hurting its profit, its finance chief said. The move is part of a larger exercise being undertaken by oil and gas producers globally to curtail costs by shelving projects, reworking contracts and slashing jobs to survive the slump that has halved the commodity prices in a year to about $45 a barrel.

OBC: Public sector lender Oriental Bank of Commerce on Wednesday said the bonds issued by it have been fully subscribed, garnering Rs 1,000 crore. "The Bank's issue of 8.34 per cent unsecured redeemable non-convertible Basel III compliant tier II bonds in the nature of debentures was fully subscribed to the extent of Rs 1,000 crore," OBC said in a filing on BSE. Earlier this month, the bank had informed about the issue comprising of the bonds of Rs 10 lakh each aggregating up to Rs 1,000 crore.

Max Healthcare: Max Healthcare has agreed to acquire 51% stake in marquee South Delhi based Saket City Hospital (SCH) for about Rs 350 crore from Smart Health City, a Singapore-based company of the BK Modi Group. Delhi-based hospital chain Max Healthcare on Wednesday announced that it entered into adefinitive agreement with Smart Health City to acquire a majority stake in SCH, which started operations in 2013, for an undisclosed amount.

Besides, Crompton Greaves, Dishman pharma, Dr Reddy, Bharat Forge, Bharat gear, Torrent Pharma, Gujalkali, ADF Foods, Omax Auto, Glenmark, NTPC, MRPL, SKF India, Polaris, EsselPack, Heidelberg, Grindwell, Muthoot fin, Redington and Alstom T&D are some of the companies that may announce their earnings during the day.

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