Top 10 stocks to track in trade today

Asian shares rose Wednesday as investors kept hopes high for more monetary policy stimulus to support the faltering global economy. US equities rallied while European shares closed at a two-month high on Tuesday on expectations of more stimulus action by central banks, as well as better-than-expected US data on new orders for manufactured goods in May.

Indian markets have been consolidating this week after the strong up move witnessed Friday. Analysts hope the Nifty will close above the key 5,300 mark today, which will be bullish for markets. (Read more)

Here are the stocks to track today.


1) Voltas: Shares in the Tata Group firm traded with strong gains Wednesday on reports that the company has pipped South Korean consumer durables giant LG as the country's top air-conditioner (AC) seller. It traded nearly 5 per cent higher at Rs 112.45 on the BSE, while the Sensex traded with 0.2 percent gains at 17,457. (Read more)

2) Tata Motors: Jaguar Land Rover sales in June stood at 4632 units against 4541 units (up 2% year-on-year).
3) Ashok Leyland: The company has clocked sales of 10,244 against 8009 (up 27.9% year-on-year) units in June. On a month on month basis, sales jumped 18.5%. June sales are above estimates of 9600 units. (Read more)

4) Prime Focus: The film services company plans to raise $150 million (Rs 813 crore) in a U.S. share sale later this year, three sources told Reuters on Tuesday. The Mumbai-based company plans to use the money to fund expansion of its U.S. operations, the sources said. (Read more)

5) HOEC: Hindustan Oil Exploration Company has struck oil & gas in the AAP block in Assam. HOEC owns 40.32%, Oil India owns 43.5%, and IOC owns 16.12% in the block.

6) Lupin: The pharma major has received the US health regulator's approval to sell a generic version of an oral contraceptive - Ortho Tri-cy-clen - in the American market. Credit Suisse has recommended outperform on the drug maker with a target of Rs 580. The brokerage says the company has been winning approvals in the US. FY'12 margins were impacted by higher legal & personnel cost, it added.

7) Gujarat Pipavav: The port operator is selling shares to institutional investors through the QIP route to raise about $37 million (Rs 199 crore), sources said. The indicative offer price is Rs 58.45 per share, sources said. The fund will be used for the company's expansion.

8) Cairn India: Life Insurance Corp of India has hiked its stake in the oil and gas major to over 5% through the open market route. The price at which the open market purchases were executed by LIC is about 5% higher than the price at which Cairn Energy sold its 3.5% stake in Cairn India last week.

9) Hero MotoCorp: India's largest two-wheeler maker has launched a new 125 cc motorcycle called Ignitor. It is priced between Rs 55,900 and Rs 57,900 (ex-showroom, Delhi). The management said that with Ignitor, the company aims to bolster its presence in the growing deluxe segment.

10) Financial Technologies: Market watchdog SEBI will hear MCX-SX's plea on equity exchange licence today. MCX-SX has submitted shareholding pattern details to SEBI. The warrants issued by MCX-SX will be considered as equity.



(With inputs from wires)