Hot Stock - Gmr infra
The stock of Tata Motors Rs 373 might be under the spotlight after UK news paper Telegraph reported that the the government is close to sign a deal with Jaguar Land Rover (JLR) over the terms of a ?175m commercial loan guarantee aimed at securing the company's immediate future.
Auto, Realty and Metal stocks dominated the street on Friday and only Metal stocks look promising among these 3 sectors going forward. Banking stocks which have been lack lustre for the past few weeks might find some buyers this morning after better than expected quarterly numbers from ICICI Bank and Vijaya Bank.
With the market showing signs of live we are seeing a slew of IPo's line up in the cimoing days. Oil India, the nation’s second biggest state-run explorer is planning to float an initial public offering (IPO) this September to raise around Rs 2,500 crore to fund its various exploration and production activities.
Ashok Leyland, Bank of India, Dabur, Glenmark Pharma, Gwalior Chemicals, NTPC, SREI Infra and Tourism Finance are some of the companies reporting their Q1 numbers on Monday and are worth keeping on eye for intraday traders