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Sensex extends gains, Nifty above 11,300; here’s why bluechips L&T, Maruti Suzuki are in focus today

Monika Yadav
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India s headline indices Sensex and Nifty opened lower on Wednesday morning, tracking weak global cues. The Sensex is now up 144 points to 37,679.93, while Nifty is trading above the 11,300-mark. Both the indices closed higher on Tuesday on the back of strong foreign fund inflows and gains in financial heavyweights. We take a look at five stocks which will be in focus today.

Stocks to Watch:

Kotak Mahindra: The private lender Kotak Mahindra will be in focus today after the Bombay High Court refused to give any relief from Reserve Bank of India s directive on promoter shareholding in the bank.

Maruti Suzuki: The global brokerage firm Citi said that it expects slight volume pick up post elections, prior to the festive season.

Larsen & Toubro: Macquarie said that revenue acceleration will be a key driver for earnings growth. It is also likely to sign a binding pact to buy CCD founder V.G. Siddhartha’s stake in Mindtree Ltd

Tata Motors: Global brokerage firm HSBC has revised the target price to Rs 190 from an earlier price of Rs 170. It said the margin is highly contingent on cost-cutting and Brexit risks have not been factored into estimates.

Reliance Communications: Appellate Tribunal NCLAT has warned lenders to Anil Ambani led-company that their failure in releasing the funds to clear funds to clear the debt-ridden company dues may send the telecom company back to Insolvency Bankruptcy Code.