'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -21 May 2014

Ten stocks in focus in Wednesday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Wednesday tracking muted trend seen in other Asian markets and SGX Nifty. 

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

IOCBSE -0.27 %, BPCLBSE 0.64 % & HPCL: Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit. 

Reliance Industries Ltd: The Delhi High Court today asked the Centre and Reliance IndustriesBSE 0.70 % Ltd to co-operate in the probe conducted by Delhi Government's Anti-Corruption Bureau in an FIR lodged against the company, Mukesh Ambani and a former union oil minister, alleging collusion among them in increasing gas prices. 

ONGC: ONGCBSE -0.09 % Videsh Ltd, the overseas investment arm of explorer Oil and Natural GasBSE -0.09 % Corp, aims to produce 3.6 per cent more oil and gas during the fiscal year to March 2015, Managing Director S.P. Garg said on Tuesday. 

Ballarpur Industries Ltd: Ballarpur Industries LtdBSE -2.69 % has informed BSE that the Company has temporarily shut down Unit Kamalapuram, situated at Township - SO, District Warangal, Andhra Pradesh, due to adverse global & Indian market conditions of Rayon Grade Pulp/Viscose Staple Fibre. 

SpiceJet Ltd: Low-cost carrier SpiceJetBSE 4.09 % announced a minor rejig in its management and stated that it is in advanced talks for capital infusion withan "external entity", after posting a 73 per cent rise in net losses for the fiscal 2013-14 fourth quarter to Rs 321 crore. 

Essar Oil Ltd: Essar OilBSE 16.69 % Ltd, the flagship company of the $39 billion Essar Group, said on Tuesday that net profit increased by five times from a year earlier in the quarter ended 31 March as it benefited from a one-time foreign exchange gain and healthy refining margins. 

MRPL: Mangalore RefineryBSE 15.73 % and Petrochemicals(MRPL) has turned profitable with the net at Rs 1,067 crore in the quarter ended January-March of FY14 as against loss of Rs 62 crore in corresponding quarter of last fiscal, driven by forex gain, higher other income and better operational performance. 

Punj Lloyd Ltd: Diversified EPC conglomerate Punj LloydBSE -6.99 % reported a net loss of Rs 382.08 crore on a consolidated basis for January-March quarter on the back of decline in income and deferment of settlement of company's claims on some overseas projects. 


ET Now: What is your call on Monnet Ispat Energy? 

Monnet Ispat Energy is a 'BUY' call with a target of Rs 132 and a stop loss of Rs 110.