HomeNewsBusinessStocksKeep an eye on these top 10 stocks

Keep an eye on these top 10 stocks

Watch for these stocks in trade today.

April 23, 2015 / 12:42 IST
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Below are the top stocks that need to be on investors’ radar L&T after seeing a recovery in late trade.HCL Tech where there could be further derating because it was an out performer and so could see more profit takingBharat Forge also could see further delivery based selling. Stocks Near 200 DMA : Mahindra & Mahindra Financial, TVS Motor, Tech MahindraStocks above 200 DMA: Tata motors, coal india and HCL TechStocks below 200 DMA: ITC, Zee Entertainment and also Karnataka Bank and ICICI BankBioconThis would be in focus after the company filed the Draft Red Herring Prospectus (DRHP) on Wednesday, and if everything goes on track, then Syngene will be ready to get listed around July.Biocon will be offloading at least 10 percent of Syngene equity as it needs funds to support some of its Research and Development (R&D) programmes, added Shaw.Ramco SystemsThe QIP was launched yesterday. The company is looking to raise Rs 300-325 crore. The Sebi  floor price at Rs 634.62/sh. Axis Cap and Ambit are bankersStocks in focus from an earnings point of view:Supreme Petro could be in focus after reporting strong earnings with year on year net profit for fourth quarter at Rs 20.5 crore versus Rs 9.8 crore.On the other hand it was a weak quarter for Rallis with net sales for the fourth quarter down at 2.8 percent at Rs 314.8 crore versus Rs 323.8 crore compared to the same period last year.There were concerns regarding exports due to weak Brazilian Real and pressure on certain key molecules.Everest Industries It was a stellar quarter with total income for the March quarter up 4 percent at Rs 314.5 crore versus Rs 301.2 crore compared to the same quarter last year. The YoY EBITDA too was up 85% at Rs 25 crore versus Rs 15.5 crore.Clariant ChemicalsBoard recommends interim dividend of Rs 140/share and approves buyback up to 35.78 lakh equity shares at Rs 950/sh.Coal IndiaAccording to CLSA the company and government are taking multiple steps to ease logistical bottlenecks. The coal ministry has signed an MoU with Indian Railways & Odisha government to develeop coal corridors via JVs with companies.

first published: Apr 23, 2015 09:00 am

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