25 Oct- Top Ten stocks in focus today: Road & highway, Infosys, Banking stocks

top ten stock advisory company Road & highway stocks will be watched out today as the govt has approved the Rs 6.92-lakh-Cr, 5-year roads programme, which includes the Bharatmala project, intends to to generate 142 million mandays of work.

Banking stocks will be in focus as govt has approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a 2- year period.

Infosys Ltd has posted a 3% increase in net profit to Rs 3,726 crore in the July-Sept quarter, compared to Rs 3,606 crore in the corresponding quarter last year.

Lupin Limited receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease.

Kaya Limited to provide bank guarantee for an amount of USD 4 million to Kaya DMCC.

Yes Bank – RBI has also imposed Rs. 6.00 crore fine on Yes Bank for its non-compliance of RBI regulation on Income Recognition Asset Classification (IRAC).

IDFC Bank: Reserve Bank of India imposed Rs 2.00 crore penalty on IDFC Bank because of non-adherence with certain directions regarding sanction and renewal of loans and advances.

Ambuja cements standalone revenue for the Q2 FY18 came in at Rs. 5,376 crore, registering 5% year on year increase.

HDFC Bank & Asian Paints Ltd, have posted stellar results for the quarter ended 30 September.

Best Stock Advisory- 21 Aug Buy,Sell,Hold, Here are 3 stocks on Investors

The BSE index, Sensex opened higher on Monday against the previous session’s closing. The NSE’s Nifty also rose in the morning hours. The shares of Tata Steel, ICICI Bank, ONGC and rose, while Asian Paint and Infosys fell in morning hours.

Stocks through the news: Infosys Ltd nods share buyback at 24.57 percent premium. The Company has announced buyback of shares worth Rs. 13,000 cr. It will buy back shares totaling up to 4.92% of the paid-up equity capital by way of tender route @ Rs. 1,150 per equity share.

Indian Hotels Co. Ltd plans to raise about Rs. 1,000 cr, through a rights issue to its expansion of fund. Indian Oil Corporation Ltd will invest about Rs. 52000.00 cr, for refinery expansion of the Paradip refinery and establishing a petrochemical complex.

Reliance Communication:  Reportedly, three creditors of RCom and Aircel could challenge the discharge of their right to call for a meeting of by the National Co. Law Appellate Tribunal (NCLAT).

Meantime, Public sector Bank goes on strike on 22 Aug 2017, since the United Forum of Bank Unions have threatened to go on strike against the govt’s proposed consolidation move.