Stock in News today 7th November 2017, Best Intraday Advisory Company

stock market down Indian stock markets opened a little bit higher on Tuesday following the cues of higher US markets. Later the indices slowly turned flat At 10.35 am, the BSE Sensex is trading at 33,664 levels, down by 66 points, while NSE Nifty is trading at 10,426 levels down by 25 points. Except the FMCG and IT index all the other sectoral indices are in the red. The Indian rupee is trading at 64.73 to the U.S Dollar in the morning hours.

Stock Focus today:-
GlaxoSmithKline, Cipla, Bharat Heavy Electrical Ltd, Future Retail Ltd, VIP Industries Ltd, Jyothy Lab Ltd and Thermax are some of the companies that will release their Q2 earnings on Tuesday, 7 Nov 2017.

Muthoot Capital Service Ltd launched Qualified Institutional Placement to raise Rs 200 crore. The Price band is fixed at Rs 601-610 per share.

Everstone Group has agreed to acquire Kenstar, air conditioners and home appliances, from Century Appliances Ltd, an associate of the Videocon Group.

Tata Chemicals Limited sells its non-bulk phosphates business to IRC Agro-chemicals for Rs. 375 cr, which involves sale of the fertilizer biz, the assets attached to it as well as the company’s Haldia plant.

Just Dial’s net profit rose 26.47% to Rs 37.46 crore on 3.97% rise in total income to Rs 214.52 crore in Sept 2017 year on year.

Bank of Maharashtra reviewed its marginal cost of funds based lending rates (MCLR) with effect from 7 November 2017.

Today 02 Nov Top Ten Stock News And BUY SELL Calls

top stock trade todayColgate Palmolive India Limited: LIC of India has acquired 2.021% stake FMCG firm Colgate Palmolive India Ltd through open market purchase, taking the entire holding in the company to 7.037 percent.

Crompton Greaves Consumer Electrical: Franklin Templeton Investment Funds has bought an additional 0.74% stake in the company by buying 4.6 million shares through a bulk deal on the NSE.

Hexaware Technologies has recommended paying 1 rupee per share as interim dividend.

ICICI Bank will consider raising funds through senior unsecured long-term bonds or Basel-III compliant Tier-I bonds in a single or multiple tranches.

ITC Foods Limited expects instant noodles brand Yippee to join the 10-billion-rupee revenue club by 2020.

Jaiprakash Associates has secured the RBI’s approval for the proposed offer to exchange outstanding existing foreign currency bonds maturing with 2020, 2021 bonds.

JSW Energy to set up a new thermal power generation capacity of 36 Megawatt for its group arm JSW Cement under long-term power purchase agreement.

M&M Financial Services will raise 1.5 bln rupees through secured redeemable NCDs carrying a coupon of 7.5320 percent.

Shree Cement has secured two coal linkages from Coal India Ltd in an auction for its captive power plant in Chhattisgarh.

Solar Industries India has obtained the running contract worth 11.43 billion rupees to supply 3,75,412 tonne bulk explosives to Coal India.

Top Ten stocks to Watch Out on Friday, Share Market Trading Tips

 best stock tips

Tata Teleservices and Bharti Airtel to Combine Consumer Telecom Business.

Drug major Sun Pharma said it will increase stake in its subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares.

Mahindra & Mahindra, Shapoorji Pallonji Group and Liberty House of the UK are competing to acquire debt-laden ABG Shipyard.

Tata Consultancy Services (TCS) reported its Q2 earnig numbers on Thursday. Net Profit stood at Rs 6,460 Cr up by 9% on Quarter on Quarter basis.

Piramal Enterprises Ltd approves raising Rs 2,000 Crore through a rights issue.

Construction engineering company Shriram Epc wins Rs 349 crore of multiple orders.

Kotak Mahindra Bank will announce quarterly results today, 13 October 2017.

Bharti Airtel Ltd has announced that it approved the scheme of amalgamation between Tikona Digital Networks and Bharti Airtel Ltd and their respective share-holders and creditors.

NBCC (India) may acquire 3 other govt-owned companies to create a mega construction company for consolidation among public sector firms.

Sensex falls 145 points, Nifty below 10,100, Dr. Reddy’s shares gain

stock market down

At 11:20 am The BSE Sensex dropped by 105.68 points, to 32,295, while the Nifty fell 41 points to 10,100.

Asian stock shares struggled for direction on Thursday morning since the US stock markets closed mixed and the Federal Reserve left interest rates unchanged but there is hopes that it expects another increase by the end of the year.

Shares of Divi’s Laboratories gained 2.35 percent at Rs 964.95/share, Cipla gained 1.02 percent at Rs 575.50/share, Glenmark Pharma gained 0.90 percent at Rs 615.70 per share and Aurobindo Pharma gained 0.77 percent at Rs 751.30 per share.

Dr Reddy’s Lab surged over 6.5 percent to Rs. 2462.90 after it has got an Establishment Inspection Report from the US food & drug regulator for its Srikakulam plant. The stock of Dr. Reddy Lab was the major gainer on Sensex, Nifty hitting its highest price since 31 July 2017.

Best Stocks of Vedanta, IDBI Bank, Bajaj Finance, SAIL will be in focus today

best stock tips

Sensex, Nifty are likely to open higher on Friday as Asian shares slipped after North Korea shoot another missile over Japan into the Pacific Ocean today. The Indian rupee on was trading little changed against the US dollar in today’s opening trade.

These stocks will be in focus today:

Metals and mining company Vedanta Ltd has said the State Pollution Control Board Odisha, has directed it to temporarily close five units of its power plants which may have an impact on the cost of production of the aluminium.

IDBI Bank has said that the bank has sold 12.5 lakh equity shares in Clearing Corporation of India for an undisclosed amount.

Bajaj Finance Ltd has allocated 2.6 crore shares to qualified institutional buyers bringing back over Rs 5044 crore.

SAIL India has reported an 18% surged in sales during August over the corresponding month last year.

IPO Watch: ICICI Lombard General Insurance has raised Rs 1625 crore from anchor investors ahead of its IPO sale opening today. It would allot shares to 64 anchor investors at Rs 661 per share.