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Banks, Torrent Power and Lupin among stocks in limelight

Stocks likely to be in focus are: State Bank of India, Bank Of Baroda, ICICI Bank, HDFC Bank, IndusInd Bank, Torrent Power, GVK Power & Infrastructure, GMR Infrastructure, NTPC, Lanco Infratech, Lupin, Crompton Greaves, Sasken Communication Technologies, EID Parry (India), Dwarikesh Sugar Industries, Divis Laboratories.

March 16, 2016 / 09:01 IST
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Here are stocks likely to be in focus:Tax Alarm: State Bank of India's Q4 advance tax at Rs 687 crore versus Rs 1,749 crore Year on Year. Paid Rs 1,701 crore advance tax in Q3. SBI may be paying less to make up for extra taxes paid in Q3. No Tax Alarm: Bank of Baroda's Q4 advance tax at Rs 360 crore versus Rs 200 crore Year on Year. No Tax Alarm: ICICI Bank's Q4 advance tax at Rs 1,300 crore versus Rs 1,295 crore Year on Year. No Tax Alarm: HDFC Bank's Q4 advance tax at Rs 1,600 crore versus Rs 1,400 crore Year on Year.No Tax Alarm: IndusInd Bank's Q4 advance tax at Rs 375 crore versus Rs 275 crore Year on Year.Gas pooling auction: The government’s third round of auction under the gas pooling scheme for stranded power plants has had a lukewarm response, as per the results that were announced today.
Bids for 7.2 million metric standard cubic meters per day (mmscmd) were placed in the third round, whereas the government was seeking bids for 8.9 mmscmd in this round. The indicative price in the auction was at USD 7.2-7.5 per mmbtu.

Torrent Power refrained from participating in the auction due to the high bidding price.

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Following is the list of companies that won in this round of auction:


The government had offered a subsidy worth Rs 1600 crore for stranded gas based power projects.Delivery Stocks: Lupin delivery volume at 12.3 lakh shares versus 10-day average of 4.5 lakh shares. Delivery value of Rs 213 crore. Q4 advance tax at Rs 434 crore versus Rs 201 crore Year on Year.Crompton Greaves: 2.85 crore shares marked for delivery on NSE yesterday. 2.85 crore shares is 7 percent of free-float shares outstanding.Sasken Communication: Delivery volume at 2.46 lakh shares versus 10-day average of 28,000 shares. Delivery percent at only 8 percent. EID Parry: Strongest delivery seen in sugar sector. Delivery volume at 3.7 lakh shares versus 10-day average of 90,000 shares. Delivery percent at 40 percent, Market cap of Rs 3,585 crore. Holds 60.8 percent stake in Coromandel International. Stake in Coromandel International worth Rs 3,000 crore. FY15 cons Profit After Tax at Rs 117 crore versus Rs 78 crore. Other stocks in news are Dwarikesh Sugar and Divi's Labs.

first published: Mar 16, 2016 09:01 am

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