After settling over 1.60% higher in Friday's trade, domestic equities are expected to continue the positive trend and open in the green on Monday, August 19. At 7:44 AM, the GIFT Nifty futures, an early indicator of NIFTY50, traded 39 points, or 0.16% higher at 24,668.50 levels.
Here's a list of stocks that may remain in focus today.
Maruti:
Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around ₹850 crore due to the withdrawal of indexation benefits while calculating long-term capital gains on debt mutual funds. A one-time impact on profit after tax will be felt in the second quarter of the ongoing fiscal year, it added.
Upstream oil companies: ONGC, Oil India, and
Reliance Industries stocks will be in focus on Monday, August 19, as the government slashed the windfall tax levied on petroleum crude to ₹2,100 per tonne. This marks a reduction of 54% as compared to the windfall tax of ₹4,600 per tonne levied on petroleum crude since the start of this month. The new rates came into effect on August 17, the notification stated.
Meanwhile, the windfall tax on the sale of diesel and aviation turbine fuel (ATF) by Indian refiners has been retained as nil.
Caplin Point: The company said on August 16 that ANVISA-Brazil conducted an inspection of Caplin Steriles’ injectable and
ophthalmic manufacturing facility located at Gummidipoondi. The inspection was conducted between August 12th and 16th, 2024, and concluded with zero observations.
DCX Systems: The company has received a ₹107 crore order from domestic and overseas customers.
GMR Airports Infra: The company handled more than 10.6 million passengers in July across all airports - up 7.7% YoY. The domestic traffic jumped 7.1% YoY while the international traffic increased by 9.3% YoY.
DLF: The real estate company, as per reports, has filed an FIR against the company's former CFO and MD of the rental arm, Ramesh Sanka, accusing him of blackmailing the company to agree to his terms on a deal to extort ₹311 crore and threatening to misuse and leak confidential data allegedly stolen during his decade-long association with the country's biggest property company.
Kolte Patil: Realty firm
Kolte-Patil Developers Ltd's chief financial officer (CFO) Khiroda Jena has resigned from the company. In a regulatory filing on Saturday, the company informed bourses that Jena resigned on August 17, 2024, to "pursue professional opportunities outside the organisation." Pune-based Kolte-Patil Developers is one of the leading real estate developers in the country.
Stocks on F&O list: Aarti Industries, Aditya Birla Fashion, Bandhan Bank, Biocon, NMDC, are some of the names that will be on the NSE's F&O ban list on August 19.
Other scrips include Chambal Fertilisers and Chemicals, GNFC, Granules India, India Cements, IndiaMart, LIC Housing Finance, Manappuram Finance, NMDC, Piramal Enterprises, PNB, RBL Bank, SAIL, and Sun TV.
Hindustan Zinc: The offer for sale (OFS) of Vedanta group firm Hindustan Zinc Ltd received a strong response on Day 1, with non-retail investors placing bids for 6.3 crore shares, according to a regulatory filing. Vedanta had said that it would offer an additional up to 8,23,04,527 equity shares representing 1.95% of the equity capital as an oversubscription option to retail and non-retail investors on August 19, Monday.
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