Ten stocks in focus in Thursday morning trade - 3 April

Ten stocks in focus in Thursday morning trade 


NEW DELHI: Indian markets are expected to trade in a range on Thursday following positive trend seen in other Asian markets. The key support for the index is around 6,713 levels.



Here is a list of ten stocks which are likely to be in focus in trade today: 


IDFC: The Reserve Bank of India said on Wednesday it had granted bank licenses to IDFCBSE 3.09 % Ltd and Bandhan Financial Services that would be valid for 18 months and would be subject to the two financial firms fully complying with central bank regulations.

Bharti Airtel Ltd: The global telecommunications services provider with operations in 20 countries across Asia and Africa, and IBM announced that they have signed a new agreement to manage Airtel's infrastructure and application services in India over the next five years.

Ashok Leyland Ltd: Hinduja Group flagship company Ashok LeylandBSE 1.49 % said it has bagged an order worth $ 50 million (nearly Rs 300 crore) from the Zimbabwe government for the supply of 670 vehicles.

Reliance Industries Ltd: Reliance IndustriesBSE -0.04 % said it secured $ 500 million financing from export credit agency Export Development Canada (EDC).The transaction is among the largest financing packages the EDC has extended in Asia, the company said in a statement.

Wipro LtdBSE 0.17 %: Wipro has undertaken a major organizational revamp, reshuffling the portfolios of some of its senior leadership and creating new divisions. Pratik Kumar, executive VP-HR at Wipro, has transitioned out of the HR role. Saurabh Govil, senior VP-HR, will now lead the HR function and will report to company CEO T K Kurien.

IDBI: Public sector IDBI BankBSE -0.08 % has divested its entire 18.95 per cent stake in Stock Holding Corporation of India to IFCI Ltd. "Informed BSE that the bank has divested its entire equity holding of 39,90,000 shares (18.95 per cent) in Stock Holding Corporation of India LtdBSE -1.18 %. (SHCIL) to IFCI LtdBSE -7.25 %," IDBI Bank said in a regulatory filing to the exchange.

MTNL Ltd: State-owned Mahanagar Telephone Nigam LtdBSE 0.31 % has received a total tax refund of ?146 crore for assessment years 2007-08 (?111 crore) and 2009-10 (?34.94 crore), the company said in an exchange filing. Shares of MTNLBSE 0.31 % gained 2.5 per cent at ?16.15 on the NSE.

Axis Bank Ltd: Axis BankBSE -1.13 % raised debt security of $ 30.6 million in the international market under Medium Term Note (MTN) programme. The debt security has been raised through its Dubai International Centre branch.

Suzlon Energy Ltd: Suzlon EnergyBSE 0.00 % has taken over a wind farm in the US to recover $208 million it said was outstanding from client Edison Mission Energy, which had withheld the payment accusing the Indian wind-turbine maker of supplying defective equipment.

SpiceJet Ltd: SpiceJet claims it recorded 220,000 bookings on Tuesday, as customers lapped up tickets with a base fare of Re 1. Typically, the airline sells 40,000 seats a day. On Tuesday, it had a fare of Re 1 for one or two seats a flight, less than two per cent of its daily inventory, said media reports.